Preston talks with Bitcoin OG and inventor of Proof of Work Adam Back about numerous hot topics in Bitcoin. Also in the conversation is James Macedonio who's leading the Blockstream ASIC debt issuance. This conversation covers Bitcoin mining and potential software upgrades to the base layer.
IN THIS EPISODE, YOU’LL LEARN: - Why is building an ASIC like building a high-performance race car? - How do you think through production and reliability when building an ASIC? - How can one test the reliability of an ASIC when it's actual performance is always on? - What is the Blockstream BASIC note? - What was the performance of the previous Blockstream Mining Note and how is it different than the BASIC? - Why is there so much inventory of ASICs on the market right now? - Some people say layer 1 bitcoin might become too costly and layer 2 can't scale, what are your thoughts? - What is Adam's thoughts on drivechains? - Are there other blockchains that have experimented with OP CATs that were originally coded into Bitcoin but now are turned-off for safety reasons? - Do we even need more scripting on layer 1 for Bitcoin to solve "clown world"? - Are engineers being reasonable with the speed at which they want to roll-out updates?
ABOUT OUR SHOW 🎙 On Bitcoin Fundamentals, Preston Pysh talks about the fundamentals of bitcoin, investing in bitcoin, news, deep dives and more on interviews with prominent people in blockchain technology.
⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ❗ DISCLAIMER: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by The Investor’s Podcast Network. Written permission must be granted before syndication or rebroadcasting.
