Scaling Bitcoin with Giacomo Zucco, John Carvalho & Matt Corallo
SHOW NOTES:
https://www.whatbitcoindid.com/podcast/scaling-bitcoin-with-zucco-carvalho-corallo
Giacomo Zucco is a Bitcoin educator, John Carvalho is CEO of Synonym, and Matt Corallo is a Bitcoin Core developer and open-source engineer at Block/Spiral. In this interview, we discuss how to scale Bitcoin while maintaining self-sovereignty.
THIS EPISODE’S SPONSORS:
Iris Energy - https://irisenergy.co/
Wasabi - https://www.wasabiwallet.io/
Ledger - https://www.ledger.com/
Unchained - https://unchained.com/
Bitcoin Atlantis - https://bitcoinatlantis.com/
Swan - https://swan.com/
SUPPORT THE SHOW:
→ Become a Patron: https://www.patreon.com/whatbitcoindid/
→ Subscribe on iTunes
→ Leave a review on iTunes
→ Share the show out with your friends and family on social media
→ Drop me a line on hello@whatbitcoindid.com
→ https://www.whatbitcoindid.com/sponsorship/
SUPPORT BITCOIN
→ Donate to OpenSats https://opensats.org/
TIMESTAMPS:
00:00:00 Layers of sovereignty
00:14:43 Complexity problems
00:26:51 Lightning & Bitcoin’s mission
00:37:34 Nuance of trust
00:53:12 Increase block size?
01:10:43 Outside the box solutions?
1:24:10 The path forward
WHERE TO FIND THE SHOW:
→ My website: https://www.whatbitcoindid.com/podcast/
→ iTunes: https://apple.co/2OOlzVV
→ Spotify: https://spoti.fi/2ygc4W1
→ Stitcher: https://bit.ly/2IQO8fX
→ SoundCloud: https://bit.ly/2CGSVQR
→ YouTube: https://bit.ly/3nyi9Ez
→ TuneIn: https://bit.ly/2ywystr
LISTEN TO OLD EPISODES:
→ By guest: https://www.whatbitcoindid.com/guests/
→ By topic: https://www.whatbitcoindid.com/topics/
→ Transcriptions: https://www.whatbitcoindid.com/transcriptions/
WHERE TO FOLLOW ME:
→ Twitter: https://twitter.com/whatbitcoindid/
→ Medium: https://medium.com/@whatbitcoindid/
→ Instagram: http://instagram.com/whatbitcoindid/
→ Facebook: https://www.facebook.com/whatbitcoindid/
→ YouTube: https://www.youtube.com/whatbitcoindidpodcast
→ Website: https://www.whatbitcoindid.com/
→ Email list: https://www.whatbitcoindid.com/subscribe/
LEARN ABOUT BITCOIN:
→ Step by Step Guide: https://www.whatbitcoindid.com/learn-bitcoin
→ Training: https://www.whatbitcoindid.com/training/
→ Resources: https://www.whatbitcoindid.com/resources/
#Bitcoin #Finance #Economics
****
“Within the Bitcoin mission, all of that stuff is a LARP. There is no gray; it’s entirely black or white. You’re either self-sovereign, or you’re not…if you want to have conversations about banking technology, custody technology, if that’s your interest, great. Just leave it out of my Bitcoin conversation.”
— John Carvalho
Giacomo Zucco is a Bitcoin educator, John Carvalho is CEO of Synonym, and Matt Corallo is a Bitcoin Core developer and open-source engineer at Block/Spiral. In this interview, we discuss how to scale Bitcoin while maintaining self-sovereignty.
- - - -
The best way to scale Bitcoin has been a hot topic since its inception. Whether it be through Bitcoin-backed banks as Hal Finney suggested back in 2010, increasing the throughput on the Bitcoin blockchain, layer 2 solutions like the Lightning Network, or federated custodian options like Fedimints.
Over the past year, the surge in Bitcoin transaction fees, largely attributed to the emergence of BRC20 tokens, ordinals, and inscriptions, has once again brought the topic of scaling Bitcoin to the forefront of conversation. High fees have priced smaller transactions out of the market, and the Lightning Network, hailed as a potential solution to scalability challenges, has faced some initial hurdles.
The different scaling solutions all have different trade-offs. Trustlessness and trust minimization are key tenets of Bitcoin, ensuring that users do not need to trust any central authority or third party. The Lightning Network aligns with these principles as it enables trustless, peer-to-peer transactions, reducing the need for custodial services and enhancing individual control over funds.
While Bitcoin's primary focus is on decentralization and self-sovereignty, some developments, such as the concept of the "Wallet of Satoshi" or Bitcoin ETFs, aim to make Bitcoin more accessible and user-friendly to a broader audience. Wallet of Satoshi is a custodial Lightning wallet designed to simplify the user experience, while Bitcoin ETFs provide a means for traditional investors to gain exposure to Bitcoin without directly holding the asset. These developments have the potential to expand Bitcoin's adoption, but may raise concerns about centralization and counterparty risk.
-
1:23:14
What Bitcoin Did
22 days agoThe AI Threat to Freedom with Natalie Smolenski
1941 -
8:38
Robby Starbuck
5 days agoTractor Supply Ends Woke Policies in Response to Our Boycott!!
48.3K51 -
2:26:45
Laura Loomer
9 hours agoEP56: Democrats in Fetal Position as Trump Keeps Stacking W's
42.7K71 -
1:31:24
The Anthony Rogers Show
17 hours agoEpisode 225 - JT Barnett (Producer of Tiger King)
39.9K -
31:30
Degenerate Plays
1 day agoThe True American Sniper Is At Half-Mast - Call Of Duty Modern Warfare Remastered : Part 10
39.7K1 -
2:24:27
WeAreChange
8 hours agoTrump Has A Clear Path To Victory But It's A TRAP...
58K42 -
2:02:43
Kim Iversen
9 hours agoAzov Battalion Enacted a Silent Coup in Ukraine | Jack Posobiec: The Secret History Of Communist Revolutions
67K152 -
1:43:19
The Nima Yamini Show
8 hours agoMilo Yiannopoulos X Nima Yamini
44K46 -
2:11:25
Robert Gouveia
12 hours agoJack Smith in DANGER; Bragg's BIG Sentencing PROBLEM; Classified Docs DISMISSAL Fight
73.9K80 -
59:41
The StoneZONE with Roger Stone
16 hours agoKash Patel Joins Roger Stone To Talk About The Best Week In Donald Trump's Life | The StoneZONE
50.4K36