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cover of episode CD143: BITCOIN CONSENSUS ANALYSIS WITH STEVE LEE AND LYN ALDEN

CD143: BITCOIN CONSENSUS ANALYSIS WITH STEVE LEE AND LYN ALDEN

2024/11/11
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Citadel Dispatch

Chapters

Steve Lee and Lyn Alden discuss the motivation behind their research on Bitcoin consensus changes, emphasizing the importance of understanding how Bitcoin changes and the inherent risks involved.
  • Bitcoin is hard to change due to its decentralized nature.
  • The research aims to observe and describe how change is prevented and how it has happened in the past.
  • The project is open-source and welcomes contributions from the community.

Shownotes Transcript

Steve runs Spiral, Block's open source bitcoin initiative. Lyn is founder of Lyn Alden Investment Strategy and partner at Ego Death Capital. Steve and Lyn join the show to discuss their recent research paper on bitcoin consensus changes, the process which the network implements potential improvements, and the various stakeholders involved.Research Paper: https://github.com/bitcoin-cap/bcap) **Steve on Nostr: **https://primal.net/moneyball)**Lyn on Nostr: **https://primal.net/lyn)*EPISODE: 143BLOCK: 869880PRICE: 1180 sats per dollar***support dispatch: https://citadeldispatch.com/donate) **nostr live chat: https://citadeldispatch.com/stream) nostr account: https://primal.net/odell) youtube: https://www.youtube.com/@CitadelDispatch) podcast: https://serve.podhome.fm/CitadelDispatch) stream sats to the show: https://www.fountain.fm/) join the chat: https://citadeldispatch.com/chat)Outro **Music by TIP NZ: **https://primal.net/p/npub1hrctsg2qwu5gsp65gvj29968z460g0th755jq92c8uaz620lewmq6qk525) (00:00:00) CNBC Squawk Box Intro

(00:04:36) Introduction to Citadel Dispatch

(00:06:03) Bitcoin Consensus and Protocol Changes

(00:20:27) Soft Forks vs Hard Forks

(00:38:47) Stakeholder Dynamics in Bitcoin

(01:11:17) Power Dynamics and Investor Influence