bitcoin scalability

✨ DEBRIEF | Ryan & David unpacking the episode:
https://www.bankless.com/debrief-the-eric-wall-interview 

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What’s the Endgame for Bitcoin Scaling? That’s what we asked bitcoin builder and researcher Eric Wall.

We start by exploring the evolution of Bitcoin and the genesis of scaling solutions on top of it. We then get into the intricacies of the BitVM, what exactly is a Bitcoin L2 and what’s coming next.

Eric is the perfect guest to explore this frontier of Bitcoin Rollups, he tells it like it is and he understands both Ethereum and Bitcoin.

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TIMESTAMPS

0:00 Intro
5:47 Eric Wall
9:48 The Evolution of Bitcoin
21:31 The Genesis of Bitcoin L2s
36:40 Runes
46:22 BitVM
1:04:45 Why Bitcoin L2s are Inevitable
1:09:07 Stacks
1:11:37 Bitcoin L2 Endgame
1:17:39 Scams
1:23:13 Bitcoin’s Direction
1:27:25 Closing & Disclaimers

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RESOURCES

Eric Wall
https://twitter.com/ercwl  

Taproot Wizards
https://taprootwizards.com/  

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Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosures ⁠  

 

Nic Carter rejoins the podcast to discuss Bitcoin’s second civil war. When did it begin? Where are the party lines drawn? How will it end? Possible solutions? David and Nic dig into all of these questions and much more. 

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TIMESTAMPS

0:00 Intro
7:30 The Bitcoin Civil War
10:32 Defining Side Lines 
14:14 No Core Consensus 
17:13 Filtering Out Transactions & Expressivity 
22:39 Season Two 
26:16 Lightning Doesn’t Work?
29:16 Ordinals & Bitcoin L2s 
32:49 The Future of Bitcoin Core
35:16 Covenants Explained 
37:26 Bitcoin Venture Capital
48:26 BitVM
51:64 Bitcoin Block Philosophy 
1:02:10 Bitcoin Expressivity Going Too Far 
1:07:36 Bitcoin Ideology
1:10:12 Closing  

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RESOURCES

Nic Carter
https://twitter.com/nic__carter  

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Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research. See our investment disclosures here:
https://www.bankless.com/disclosures 

On today’s episode we have Bitcoin wizard, David Seroy on the show! He’s an armchair researcher in the Bitcoin rollup ecosystem. He really likes Bitcoin, and he really likes projects that are building on Bitcoin. 

We’ve got a lot of questions on Bitcoin today, especially those that revolve around Bitcoin L2s. Are they real? David’s got answers.

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🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION
https://bankless.cc/toku   

🛞MANTLE | MODULAR LAYER 2 NETWORK
https://bankless.cc/Mantle   

⚖️ARBITRUM | SCALING ETHEREUM
⁠https://bankless.cc/Arbitrum

💸 CRYPTO TAX CALCULATOR | USE CODE BANK30
https://bankless.cc/CTC 

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TIMESTAMPS

0:00 Intro
9:18 Bitcoin L2 Rollup Support? 
https://twitter.com/david_seroy/status/1749508724274946514  
12:56 Bitcoin Renaissance? 
19:07 ETH vs. Bitcoin Scalability 
21:18 Why The Bitcoin Community 
25:34 The Bitcoin Rollup Pitch
30:14 Explaining Bitcoin Rollups
38:39 BitVM
47:03 Are L2s on Bitcoin’s Blockchain?
56:13 Exciting Bitcoin Projects
59:32 Are There More Bitcoin Daves? 
1:02:53 Closing & Disclaimers  

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RESOURCES

David Seroy (Bitcoin Dave)
https://twitter.com/david_seroy 

BitVM whitepaper
https://bitvm.org/bitvm.pdf  

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Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research. See our investment disclosures here:
https://www.bankless.com/disclosures 

Preston Pysh brings Blockstream's Adam Back and James Macedonio to the show. They talk about Blockstream’s efforts to develop their very own ASIC miner and what it takes to take something like that to market and all the challenges that are associated with it.  IN THIS EPISODE, YOU’LL LEARN: 00:00 - Intro 01:23 - Why is building an ASIC like building a high-performance race car? 10:02 - How do you think through production and reliability when building an ASIC? 10:02 - How can one test the reliability of an ASIC when its actual performance is always on? 15:05 - Why is there so much inventory of ASICs on the market right now? 24:29 - What is the Blockstream BASIC note? 24:29 - What was the performance of the previous Blockstream Mining Note and how is it different than the BASIC? 41:35 - Some people say layer 1 bitcoin might become too costly and layer 2 can't scale, what are your thoughts? 46:19 - What is Adam's thoughts on drivechains? 56:49 - Are there other blockchains that have experimented with OP CATs that were originally coded into Bitcoin but now are turned-off for safety reasons? 01:06:51 - Do we even need more scripting on layer 1 for Bitcoin to solve "clown world"? 01:08:02 - Are engineers being reasonable with the speed at which they want to roll-out updates? BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members. Adam Back's Twitter. Information about the Blockstream BASIC note. Information about the Blockstream ASIC they are building. Information about Drivechains on Bitcoin. Related episode: Listen to BTC054: A Sovereign Bitcoin Bond in El Salvador w/ Adam Back & Samson Mow, or watch the video. Related episode: Listen to BTC040: Bitcoin ASIC Manufacturing by Blockstream w/ Adam Back & Samson Mow, or watch the video.   SPONSORS Support our free podcast by supporting our sponsors: River Toyota Linkedin Marketing Solutions Fidelity Efani Shopify NDTCO Fundrise Wise NetSuite TurboTax Vacasa NerdWallet Babbel Learn more about your ad choices. Visit megaphone.fm/adchoices

In this first of a two-part series, Preston Pysh and Tuur Demeester cover all the talk about the inscriptions and the high fees that we’re currently seeing on layer one of the network. They also talk about scalability on layer two regulatory developments and plenty more.  IN THIS EPISODE, YOU’LL LEARN: 00:00 - Intro 01:59 - What do inscriptions actually mean for L1 and L2 bitcoin networks? 08:19 - Why do so many people have the urge to update the code base? 11:17 - Why are inscriptions potentially good for L2? 14:25 - Apps that are seamlessly working between L1 and L2. 15:36 - What will future fees look like on both layers in 10 years or more? 28:34 - Some of Tuur's previous writing and what he's focusing on now. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members. Tuur Demeester's Bitcoin Reformation Article. Tuur Demeester's Latest article: How To Position For the Bitcoin Boom. Tuur Demeester's article from 2015: How to Position For the Rally in Bitcoin. Tuur Demeester's articles from 2015. Tuur Demeester's articles from 2014 - 2021. Related episode: Listen to BTC131: Inscriptions & High Fees On Bitcoin L1 w/ Tuur Demeester, or watch the video. Related episode: Listen to BTC033: Important Bitcoin Consideration with Tuur Demeester, or watch the video. Related episode: Listen to WSB244: Bitcoin 101 w/ Expert Tuur Demeester, or watch the video. NEW TO THE SHOW? Check out our We Study Billionaires Starter Packs. Browse through all our episodes (complete with transcripts) here. Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts.  SPONSORS Support our free podcast by supporting our sponsors: River Toyota Linkedin Marketing Solutions Fidelity Efani Shopify NDTCO Fundrise Wise NetSuite TurboTax Vacasa NerdWallet Babbel Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode, David is joined by John Light of Sovryn and Eric Wall, who moonlights David on the Bitcoin technical details throughout the interview.

The three go over the bull case for ZK-Rollups on Bitcoin. It’s undoubtedly the frontier.

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Topics Covered

0:00 Intro
5:10 John’s Background
8:24 How zkBTC Works?
11:00 Eric’s Interest
15:43 A Better Lightning Network?
21:33 Rollups on ETH vs. Lightning Network
25:50 Rollup Potential
29:24 Optimism
32:15 Expressivity
43:53 Limitless Bitcoin Applications
46:29 Layer 3 Protocols
50:25 What Needs to Happen
52:05 Forks & Flippening Effects
58:00 Proof Systems & Recursive Covenants
1:09:40 Next Steps
1:12:00 Research
1:14:12 Eric’s Thoughts on Bitcoin
1:16:50 Closing & Disclaimers

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Resources:

John Light
https://twitter.com/lightcoin 

Eric Wall
https://twitter.com/ercwl 

Validity Rollups on Bitcoin
https://bitcoinrollups.org/ 

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Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here:
https://www.bankless.com/disclosures 

IN THIS EPISODE, YOU'LL LEARN: What is Bitcoin's second layer? Where does lightning labs fit into the second layer What is Lightning pool? How is liquidity managed on the second layer Why does a person have an incentive to run a node Why open channel with other nodes What are the nodes that will benefit the post from opening many channels What are the incentives for people to use lightning What will things like Sphinx chat enable in the future BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members. Follow Ryan Gentry on Twitter Follow Lightning Labs on Twitter The lightning labs website Sphinx Chat Run an umbrel full node Browse through all our episodes (complete with transcripts) here. SPONSORS Support our free podcast by supporting our sponsors: River Toyota Linkedin Marketing Solutions Fidelity Efani Shopify NDTCO Fundrise Wise NetSuite TurboTax Vacasa NerdWallet Babbel Learn more about your ad choices. Visit megaphone.fm/adchoices

IN THIS EPISODE, YOU'LL LEARN: The early days of Blockstream The fork wars and why they were important to future growth What is transaction value per second and why's it important Where he sees Bitcoin in the next five years The Lightning Network Liquid Green and Aqua Security & utility tokens on top of Bitcoin Blockstream satellites Gaming and Bitcoin BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members. Samson Mow's Twitter Blockstream's Website Samson Gaming Company: Pixelmatic US Investors can checkout Infinite fleet Browse through all our episodes (complete with transcripts) here. SPONSORS Support our free podcast by supporting our sponsors: River Toyota Linkedin Marketing Solutions Fidelity Efani Shopify NDTCO Fundrise Wise NetSuite TurboTax Vacasa NerdWallet Babbel Learn more about your ad choices. Visit megaphone.fm/adchoices