Peter Todd on the Essence of Bitcoin


On this episode, I discuss with Bitcoin legend Peter Todd. We discuss in regards to the essence of Bitcoin, why it labored whether or not different makes an attempt at digital currencies failing additionally to key subjects akin to fungibility, lightning and why different tasks are scams.


Peter Todd on the Essence of Bitcoin

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*****

"Anybody who understands economics and finance and the way markets work will likely be a maximalist as a result of it's extra environment friendly to have one foreign money than a bunch of ones."

— Peter Todd

Interview location: Las Vegas

Interview date: Saturday twenty sixth Jan, 2021

Firm: Freelance

Position: Utilized Cryptography Marketing consultant

There have been many makes an attempt at making a digital foreign money earlier than Bitcoin, all failing for various causes. Bitcoin introduced collectively quite few concepts to resolve the double disbursal which has enabled it to flourish for over a decade.

Peter Todd is one altogether a choose few who can take into consideration and comprehend Bitcoin at such a degree that they will maintain affect over concepts for its evolution.

I managed to get the possibility to take a seat down with Peter at Tone Vays Unconfiscatable convention in Las Vegas and talk about the historical past of Bitcoin, why it labored when different digital currencies failing. We additionally talk about different related subjects on the earth of Bitcoin together with scaling, Lightning and Fungibility even so we additionally think of why different tasks are scams and shouldn't be trusted.

*****

00.02.30: Intro and welcome

00.03.13: How Peter bought concerned as a young soul with digital currencies

00.05.30: Peter's concepts for created digital cash

00.06.44: Why Bitcoin was the answer

00.11.09: What's Bitcoin

00.12.22: Peter's early involvement with Bitcoin and examine on Bitcoin after 10 years

00.17.23: Scaling and block dimension

00.21.12: Safety dangers with Bitcoin, mining rewards and inflation

00.27.19: Downside with Ethereum

00.40.24: The use circumstances for a blockchain: Bitcoin and Stablecoins

00.41.50: Privateness cash

00.47.13: Ripplecoin

00.49.28: Incentives for builders

00.52.55: Bitcoin Core structure

00.54.42: Fungibility

00.58.05: Open Timestamps

01.03.19: Ideas on journalism

01.05.59: Censorship

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