THE WORLD WILL CONVERGE ON BITCOIN w/ Parker Lewis

Strong interview with very interesting points.The fact that financial service providers must always chase higher returns just to keep capital, otherwise it moves to competitors, makes you question whether this system has any real winners. In the end, it feels like there are only two options: no money at all, or money based on debt and controlled through debt. Bitcoin finally offers a way out of this. Thank you, Peter. It’s clear that you truly want to make things better and that you are actively working toward change.

Excellent episode. Very informative and well spent two hours. Thank you.

A great podcast. If you want to understand the Core vs. Knots topic, this is a must-listen.

A million times yes. Thank you for addressing this in the right way. You're one of the only podcasts that hasn't responded to Coinkite with yet more bad options. Very much excited that Learning Bitcoin From The Command Line is getting a new edition too -- long overdue.

Re:other nodes and making news, you're clearly not watching Eric Voskuil on Twitter. Libbitcoin 4 just did IBD in 14 minutes on a consumer connection (with assumevalid height of 950k) and 55 min for full validation. Older than Knots, and older than Core being called, well, Core. They slept for a good few years but are waking up with a vengeance.

Very interesting podcast, I’ve never looked at it that way before. Bitcoin will likely stay open to everyone, but fast guaranteed inclusion could become a premium service mainly used by professional actors like exchanges, banks, large businesses, or critical infrastructure. Normal users can still use Bitcoin, but may wait longer in busy situations, pay higher fees compared to the average, or rely more on Layer 2 solutions. For miners, subscription or contract-based blockspace could also create more stable and predictable income than relying only on volatile fee spikes. There are benefits and disadvantages to this model, but overall I agree and see it as a necessary evolution for Bitcoin. It may be one of the only ways to enable larger companies and countries to fully build large-scale financial infrastructure on Bitcoin.

Thanks for the interview. I largely agree with Jimmy on almost all points, which is precisely why his final conclusion is hard to reconcile. He clearly understands the reasons for pursuing a fork and even acknowledges the upside of what is often framed as the strongest criticism of the BIP: that it makes future changes to Bitcoin harder. A stricter consensus reduces the risk of frequent or careless modifications and helps protect Bitcoin’s long-term stability. The only serious counterargument he raises is the risk of a network split. But Bitcoin is a long-term project, not a political compromise. If we believe something strengthens Bitcoin over the long run, short-term risks should not automatically prevent action. Doing nothing is also a choice. Clear signaling matters: the more people openly signal their position instead of waiting on the sidelines, the clearer the real consensus becomes and the stronger Bitcoin will be in the future.

Мы ехали с npub1pxtuetnymhdauzmtrh5lmkdr6u0n58jygscyq5r943hm955hc9psfd9yfd в Южно-Сахалинск и слушали этот подкаст. Всю дорогу громко спорили, а в конце она сказала, что я попал в культ и добровольно потребляю пропаганду. Теперь я серьезно задумался о том, чтобы не только потреблять, но и производить пропаганду самому. Кто-то должен расширять этот культ!

Thanks for removing the friction from consuming Mises.

Ben, if you see bears in the future, give them something they'd want instead of grapes. Picnic baskets.

Ben's the Boy who cried Bear. Haha.

Welcome back Walker, congrats on the bigger family Also, xpubs will only give unhardened addresses. That said, I expect a Venn diagram of people who didn't roll dice and people using hardened addresses is probably two separate circles.

This is sweet, thanks for covering this. Been getting excited listening to @npub1v25jqj332… talk about Stratum v2 for a while now. Nice to see it in action.

Welcome back

People would hit me with things suggesting Slackware to a Linux beginner, but you seem keen on appropriately following documentation, and it's got some of the best documentation, and very vanilla software which makes using upstream documentation easy to use too. Some key audio thoughts too. https://web.archive.org/web/20260426090835/https://blog.sla… Doing your work you may want more than the standard pulseaudio back end.

Robinhood's 'tokenization' sounds more like an Exchange Traded Note (ETN) that is just a liability of Robinhood and traded on chain. These aren't new, but putting them on chain is. The SEC is talking more about trading actual stock ownership using the chain as a ledger. Very different despite the similar performance in ideal circumstances. If the stock goes up but robinhood goes under, you are out, while with the shares the SEC is talking about, you're good. Maybe a little market downtime, but you'd just get regular shares with SIPC coverage.

'Rear admiral' 😅 Tom Luongo calls him Big Gay Patton. Still amused Trump brought us the highest ranking gay man in American history.

The outernet stuff you're looking for the name of is Reticulum I suspect. Works over lora, Bluetooth, wifi, TCP/IP, ham radio (illegally -- its encrypted), wires...pretty much whatever you want. FIPS is another cool one you should all look at. Turns your npub into an IPv6 address. Talk to @npub1dergggklk… and Max Hillebrand

Hope this counts as a replacement for lost sponsor revenue per this listener.

The cloak and dagger shit with Switck is heating up. People were already looking for a reason for this to be inside. Still not totally convinced but it looks sketchy as fuck. Never been more glad I had fun playing dice games with my bitcoin.

Boston Bitdevs is coming up on July 30 at MIT Building 4. Be sure to RSVP through bostonbitdevs.org (or with the link if David wants to put it in notes). https://app.evento.so/e/evt_3M48gmwDKdbzNc63 Come with questions!

MOAR LUONGO

One of the best podcasts on the technical sides of Bitcoin I've encountered. Helps explain why IBD is taking forever on my raspi 4.

The thing about Bitcoin wallets is, you can have more than one. Soapminer? You're paying Lightning. Rent? Maybe a hot wallet, or single sig. Retirement savings? Multisig offsite. Generational wealth? You're adding miniscript. You don't keep are your fiat in your pocket. Don't do it with your Bitcoin either.

Welcome back! Your break sounds like it was good. Missed your updates.

Spam und NFTs gehören aus meiner Sicht nicht auf Bitcoin und waren ursprünglich auch nie dafür gedacht. Meiner Meinung nach wurde der Konsensus bewusst offen gehalten, während die Policy-Regeln der Nodes flexibler sein sollten, damit man auf neue Formen von Missbrauch reagieren kann, ohne ständig eine Konsensus Änderung zu brauchen. Die Policy-Regeln definieren, welche Transaktionen Nodes standardmässig weiterleiten, oder in den Mempool aufnehmen. Genau diese Regeln sollten eigentlich als Schutzmechanismus gegen Spam dienen und bei Bedarf angepasst werden können. Früher hat dieses Modell deutlich besser funktioniert, weil Mining und die Erstellung von Block-Templates wesentlich dezentraler waren. Da niemand wusste, welche Node / Miner den nächsten Block finden würde, mussten Transaktionen über das gesamte Netzwerk propagiert werden. Dadurch hatten die Policy-Regeln der Nodes realen Einfluss darauf, welche Transaktionen sich überhaupt effizient im Netzwerk verbreiten konnten. Heute ist die Situation anders: Die Erstellung von Block-Templates ist stark zentralisiert, wodurch sich die Policy-Regeln vieler Nodes teilweise einfach umgehen lassen. Dazu kommt, dass Bitcoin Core Policy-Regeln zusätzlich gelockert hat, was das Problem weiter verstärkt hat. Das Resultat sehen wir jetzt: Ein erheblicher Teil des Blockspaces wird inzwischen für nicht-monetäre Daten genutzt (fast 40% in den letzten 6Monaten). Wenn nichts dagegen unternommen wird, riskieren wir dauerhaft volle Blöcke, höhere Anforderungen an Nodes und steigende Kosten für das betreiben einer Node.

Cutting out other forms of collateral is where stablecoins can drive up treasury demand. Currency swaps and other credit instruments are huge in repo markets, as is rehypothecation of the same underlying collateral. Stablecoins don't hold claims on treasuries, they hold treasuries. They don't hold gilts and forex swaps, they hold treasuries. There are problems that come with some of the solutions here, as there mist be as the whole game of fiat is a game of jenga. But short to moderate term they can seem to cannibalize demand for other collateral and chains of rehypothecation in order to reduce treasury yields.

Infinite divisibility would be cool but floating point math is all sorts of problematic. Infinite divisibility is trivial on L2+ though as it is.

He doesn't believe there was ever a major improvement to Bitcoin, but wants payment rails. Yea, tell me you don't understand Segwit without saying so, especially while touting Lightning's use. Not surprised here.

The worst possibly blow arguably would have been nonce reuse. That'd have hit even the dice crowd.