Ep. 365 Stephan Livera Makes the Case for Small Blocks in Bitcoin

In this discussion, Stephan Livera, a seasoned Bitcoin podcaster and expert, advocates for small blocks in Bitcoin, countering recent calls for larger sizes. He dives into the intricate scaling dilemma, stressing the balance between growth and decentralization. Livera examines the power dynamics within Bitcoin's ecosystem, emphasizing the crucial roles of miners and node operators. He also explores the layered architecture of transactions, including the benefits of the Lightning Network, underscoring the importance of self-custody and the overall evolution of Bitcoin.