Where to Listen To This Episode:
Show Notes
I talk with Rob Clarkson about scaling Bitcoin’s Layer 2 Lightning protocol, and how changes happen to Bitcoin more generally.
Rob provides a technical introduction to some of the proposals such as ELTOO, APO, CTV, and we talk a bit about what covenants and vaults mean in Bitcoin.
Now I am still trying to work a lot of this out for myself and Rob does well to break it down and explain it. Even though these are quite advanced topics I think it is important to have the discussion and work together to understand what proposed changes to Bitcoin might mean and what the dangers and opportunities are.
Show Sponsors
Swarbricks - New Zealand's first law firm to accept Bitcoin for legal services (https://www.swarbricks.co.nz/bitcoin)
Connect with The Transformation of Value
Follow me on twitter at https://twitter.com/TTOVpodcast
Nostr at: npub1uth29ygt090fe640skhc8l34d9s7xlwj4frxs2esezt7n6d64nwsqcmmmu
Or send an email to hello@thetransformationofvalue.com and I will get back to you!
Support this show:
Bitcoin donation address: bc1qlfcr2v73tntt6wvyp2yu064egvyeery6xtwy8t
Lightning donation address: codyellingham@getalby.com
PayNym: +steepvoice938
PayNym Code: PM8TJhcUCtSvHe69sod9pzLCBKg6GaogsMDwfGNCnL4HXyduiY9pbLpbn3oEUvuM75EeALxRVV3Mfi6kgWEBsseMki3QphE8aC5QDMNp9pUugqfz1yVc
Geyser Fund
If you send a donation please email or DM me so I can thank you!
Links:
Rob Clarkson on Twitter - https://twitter.com/r0bertclarkson
Eltoo paper - https://blockstream.com/eltoo.pdf
Kiwi Bitcoin Guide - https://kiwibitcoinguide.org/
SIGHASH_ANYPREVOUT - https://bitcoinops.org/en/topics/sighash_anyprevout/
Arc Layer 2 Protocol - https://brqgoo.medium.com/introducing-ark-6f87ae45e272
Covenants - https://bitcoinops.org/en/topics/covenants/
Base 58 - https://base58.info/
Breez SDK - https://breez.technology/sdk/
Year 2106 problem in Bitcoin - https://bitcoin.stackexchange.com/questions/7393/what-will-happen-when-the-time-field-wraps-around
Popular Episodes
I talk with Dr. Simon Collins, founder of Stackr, a sustainable Bitcoin mining company based in New Zealand. We talk about NZ's unique renewable energy mix, the importance of miner collaboration, and future opportunities to integrate Bitcoin mining with industrial heat processes.
I talk with Glen Herud, the founder of Happy Cow Milk Company. Glen is focussed on decentralised dairy farming, where individual farmers are able to process and pasteurise their milk themselves using Glen's hardware specs, and connect in with a platform for supply and distribution of dairy products directly to businesses and consumers.
I talk with Brett Scott, author of The Heretic’s Guide to Global Finance and Cloudmoney: Cash, Cards, Crypto and the War for our Wallets. Brett does a lot of work supporting the protection of physical cash, and I reached out to him about an article he wrote “The War On Informality” which explores the implication of financial surveillance by credit cards and private banks.This is a thought-provoking episode. We explore the Commodity Theory of Money vs Credit Theory of Money, power dynamics, the importance of cash, and more. Brett offers some interesting critiques of certain Bitcoin narratives and provides some alternative frameworks for looking at how money works.
I talk with Paul from Bitkiwi, a small dedicated group organising Bitcoin events in New Zealand. Bitkiwi's first two in-person events in Wellington went well, with people coming from across the country to attend. More meetups are scheduled for 2023. Follow Bitkiwi on Twitter at @Bitkiwi1 for the latest.
I talk with Brad Henderson, a Power System Engineer and Head of Engineering and Design at ElectroNet, a New Zealand-owned consultancy firm. Brad share some exciting details about a new Bitcoin mining facility that his firm has been involved with on the West Coast of New Zealand. We discuss what energy sovereignty might mean for New Zealand, including the importance of electrifying the economy and how Bitcoin mining and solar power may help create energy abundance.
