Why Bitcoin Should Not Ossify - Steve Lee SLP569
Official Podcast Episode: https://www.stephanlivera.com/569
A lot of people talk about Bitcoin Ossification. Today Steve Lee, Lead @ Spiral rejoins me to expand on why this is the wrong idea. We also talk about the recent situation with bitcoin mining pool centralisation and what is driving it.
Links:
X: @moneyball : / moneyball
AJ Town’s ‘Slow and Steady’ post mentioned: https://www.erisian.com.au/wordpress/...
Earlier episode also mentioned: SLP433 : v2 P2P Transport Protocol for Bitcoin (BIP324)
: https://stephanlivera.com/episode/433/
Timestamp:
00:00 - Intro
02:00 - Conservatism on changes
06:50 - Modules within Bitcoin Core
09:30 - Dangers of Ossifying
14:00 - Tooling around Bitcoin changes
25:00 - But NGU?
33:00 - "Slow and steady"
36:30 - Developer Funding in Bitcoin
47:50 - Mining Centralization
53:00 - Block's new 3nm mining chip
57:30 - Mining centralisation risks
01:04:00 - Payout Mechanisms
01:15:00 - What listeners can do
Sponsors:
Swan.com (code LIVERA): http://swan.com/livera
CoinKite.com (code LIVERA) : http://coinkite.com/
Mempool.space : https://mempool.space/
Stephan Livera links:
Follow me on X: @stephanlivera : / stephanlivera
Subscribe to the podcast : https://plinkhq.com/i/1415720320
Subscribe to Substack : https://stephanlivera.substack.com/