BR021 - Bitcoin Power Dynamics Panel ft. Harry Sudock, Aaron van Wirdum & Adam Gibson
I’m joined by guests Harry Sudock, Aaron van Wirdum and Adam Gibson to discuss the power dynamics in Bitcoin.
Discussion Topics:
00:02:41 The Mexican stand off conceptualisation of the power dynamics within Bitcoin
00:04:19 Are developers part of the game theory?
00:21:57 The power dynamics involved in changing Bitcoin
00:33:39 The role of prediction markets in determining consensus
00:43:01 Can Bitcoin development be corrupted?
00:46:26 Corruption factors invovled in chain forks
00:53:39 Bitcoin’s resistance to change
00:57:12 Bitcoin vs gold and considerations surrounding resistance to human interference
01:03:19 Perspectives on changing Bitcoin
01:04:41 Controversial changes (Tapscript)
01:07:16 What properties of Bitcoin are changeable?
01:15:18 How do you defin the “true” Bitcoin?
01:23:53 Forking as means of achieving market consensus
01:27:14 Politcs and getting buy-in for controversial changes
01:32:40 Why change Bitcoin?
01:34:55 Historic examples of contentious changes
01:38:11 Contextualising developer influence on Bitcoin
01:41:05 Contentious non-consensus changes (RBF)
01:45:12 Game theory involved in conflicts between users and miners
01:55:53 Mitigating against short term incentives with long term risks
01:59:39 Bitcoin: There is no alternative
02:01:55 Off-chain considerations
Episode submission ideas
We’re looking for ideas for interesting panel conversations. To send Bitcoin related questions, just go to bitcoin.review and follow the contact links at the bottom of the page.
Get in touch with the pod
Nostr & LN ⚡nvk@nvk.org (not an email!)