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The Future of Bitcoin
A reliable and non-devaluating form of money is needed for global adoption. Global credit markets are in crisis and inflation is outpacing yields. The emergence of a new and better form of money may drive global adoption. Bitcoin's rapid growth suggests its potential as a leading asset. However, the future remains uncertain and it is important to consider economic and technical factors in determining the direction of this new form of money.
In the part two of a two-part discussion with Preston Pysh and Lyn Alden, they talk about the merging of a credit based money ledger system with a commodity backed money system into a single new technology, which is Bitcoin.
IN THIS EPISODE, YOU’LL LEARN:
00:00 - Intro
01:22 - Why money has been at the crux of global conflict since time immemorial.
16:08 - Why can't a government entity just fire-up 20,000 nodes and try to fork the code?
33:41 - Lyn's thoughts on Gresham's law and Bitcoin.
41:23 - What would a bitcoin would look like with no unit abstraction?
47:13 - How do Taxes change in a bitcoin world?
49:04 - Does Bitcoin need smart contracting to compete with other protocols?
57:43 - Why couldn't Adam Back improve the Bitcoin code?
01:02:25 - The privacy trade-off is something that many want, what is Lyn's point of view?
01:06:02 - What is the fundamental trade-off between PoW and PoS?
01:06:02 - Lyn's discussion of volatile vs non-volatile computer memory when trying to understand PoS and PoW.
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
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