Everything You Don't Understand About Bitcoin Development - MURCH (THE Bitcoin Podcast)

"If someone wants to change Bitcoin in a way that is detrimental to even a minority of the Bitcoin users, they're probably going to be unsuccessful because there's going to be vehement pushback."

On this Bitcoin Talk episode of THE Bitcoin Podcast, Walker talks with MURCH. Murch is a computer scientist, engineer at Chaincode labs, co-host of Bitdevs and the Chaincode Podcast, and moderator of the bitcoin stack exchange, answering literally thousands of questions about Bitcoin over the years. Murch and I discuss the Bitcoin development process, changing vs maintaining Bitcoin, ossification, privacy trade-offs, address reuse, and potential improvements like silent payments, quantum resistance, bitcoin tail emissions, ZK Roll-Ups, covenants, and Layer 2 scalability solutions like Lightning, ecash, fedimint, etc, plus their trade-offs. Murch also reviews the upcoming Bitcoin Core 28 release and what it means for you.

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MURCH'S LINKS:
X: https://x.com/murchandamus
Nostr: npub1j5mp526z5fkz9wkrk6mt5nzu43xndyrwkr8mnqngdqwytgcpc5vqcnsd5c
https://bitdevs.org
https://podcast.chaincode.com
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Chapters

00:00 Introduction
07:00 TabConf and Bitcoin Development
11:17 Understanding Changes in Bitcoin
19:16 Privacy Concerns and Address Reuse
23:39 Ossification and the Future of Bitcoin
27:11 Privacy Improvements and Layered Solutions
30:04 Bitcoin Development and Scarcity
34:09 Address Reuse and Silent Payments
38:31 Bitcoin Core and the Release Process
39:33 Bitcoin Core Development: The Role of Developers
41:28 Transparency and Openness in Bitcoin Core
45:59 What to Expect in Bitcoin Core Release 0.28
01:02:44 Mempool Full RBF and Other Updates in Bitcoin Core
01:09:20 Hot Debates in the Bitcoin Community
01:20:17 Optimizing Withdrawals and Minimizing Fees
01:24:03 Exploring ZK Roll-Ups as a Layer Two Solution
01:47:23 The Need for Convincing Narratives and 10x Improvements in Opcodes
01:50:40 Scalability, Trade-Offs, and Avoiding Minor Centralization in Bitcoin

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