text stringlengths 15 1.45k |
|---|
Speaker A: Jpegs inside of blocks is big block stuff for sure. |
Speaker B: You think that's a SL. But Eric Wall's not a big blocker. And he's still, he's not a big blocker. He loves four megs. |
Speaker A: Big blocker is like utility. He's a utility. |
Speaker B: But that's the top row in your quadrants there, David. He wants utility in his blocks, but he wants to keep them small too. |
Speaker A: Yeah. Yeah. So to parse out what I mean, it's like if you can put a JPEG into your blockchain, it's doing some utility thing more than it is being a monetary maximalism thing. |
Speaker B: Again, that's utility different than big blocks. Right? |
Speaker A: Because blocks, but big blocks, big blocks and utility, like go together. And so, like, you can still outbid monetary maximalist for block space and still put a JPEG into the layer one. It's just not highly optimized for that. But like, jpegs in block space is like a big blocker philosophy. |
Speaker B: I guess it is. But I think from my perspective, like, what Eric is, he's still a small blocker, but he's a utility block space type of person. And he very much believes in the free market. So he believes that you can't, like, purity test people into like, what the block space is for. And so he basically beli... |
Speaker A: Right? Yeah. And so, like, I think Satoshi, like, will, would Satoshi be happy about a dick? But inside of the blockchain, like, we, we know that Satoshi was interested in other things beyond bitcoin. Like, I think he talked about, like, namecoin a few times, which was, like, an early ens as a blockchain kin... |
Speaker B: Yeah. |
Speaker A: And so, and he was interested in others, like, scaling things and other trustless things. And so, like, yes, more. More leveraging of trustless block space was Satoshi's vibe. Do you think that's what they put in a chain? |
Speaker B: Do you think that's the beauty of Satoshi, though? Like, as a pseudonymous founder without, like, any, you know, weigh in on any of these things, is like, anybody can make him say what they want. Like, anybody can, you know, use him as their image. Satoshi would have wanted this. Satoshi. I'm not saying that... |
Speaker A: Like, roger, we're all speaking for an envoy, somebody without a voice. |
Speaker B: Isn't that the beauty of it? Isn't that the beauty of Satoshi is just, Satoshi could be a big blocker and support bitcoin cash. And people made that argument and, like, forked it out based on, you know, Satoshi's real vision for things. And somebody makes another case with, like, some people are rewarded. Oh... |
Speaker A: This is kind of like, why I think, like, the invoking Satoshi is generally, like, fruitless. It's like, what's the point? |
Speaker B: Exactly. |
Speaker A: Like, he's not, he's not a deity. |
Speaker B: Yeah, well, not yet. Give it. Give it another. |
Speaker A: You know, he didn't want to be a deity. |
Speaker B: Yeah, but he left. It's probably true. Maybe that's true. I don't know. I mean, give it a hundred years. Don't you think he will be like. |
Speaker A: Well, but, like, he, just because we deify him doesn't mean that that's what he was. That's what he intended. Craig Wright intended to be deified, right? |
Speaker B: Yeah. |
Speaker A: What a Satoshi did not. |
Speaker B: What a cringe. Terrible attempt at that, huh? |
Speaker A: Yeah. |
Speaker B: All right, well, that's why I want to talk about some other things we didn't get to is like, oh, one question I had for you, though, is do fees solve the economic security budget problem of, for bitcoin? I think I saw. Was it from you? I think I saw a tweet from you about this. |
Speaker A: Yeah, yeah. |
Speaker B: And like, what's your latest on it? Because we did see a massive spike up a fee revenue with runes and like, ordinals. Just generally, we've seen it. It's been a good year last twelve months for bitcoin fees, let's say the bitcoin fees. |
Speaker A: Yeah. |
Speaker B: Does that solve the problem or do we still have a problem here? |
Speaker A: No, you still have a problem. So during the moments of high fee demand for the bitcoin blockchain, that does add to that momentary amount of security. |
Speaker B: You tell me it's too bumpy, too spiky. |
Speaker A: Yeah. So this is like what EIP 1559 does, is it captures excess demand and it spreads it out over time. |
Speaker B: Yep, you're right. I knew, like. |
Speaker A: Yeah. And so actually, in fact, like, excess demand for bitcoin block space is actually an attack on bitcoin because it leads to further bitcoin selling this podcast by the miners. |
Speaker B: Okay, one other thing that actually I noted that I wanted to ask you about is slipstream, this marathon mining pool. So he said, oh, now there's an easy way to actually get my four Meg, like, you know, dick butt picture or whatever, and there's a way to, through an API call, contact, like a miner, a mining p... |
Speaker A: Is that side deals with mining pools. But it's not like flashbots. It's not transaction ordering. It's just because in order to get, in order to fill up a block with a full four megabytes and get a four megabyte transaction in, you can't, you can't broadcast that as a transaction. You have to go to the miner... |
Speaker B: So it's nothing to do with like. |
Speaker A: Ordering, it's like, the Ethereum blockchain will accept a four megabyte block jpEg, but Lighthouse or Prism won't. And so you have to go straight to, like, the client software, and, like, you have to go straight to a miner and be like, here's the data. Put this into a block for me. |
Speaker B: I see. Okay. Yeah. |
Speaker A: So it's. It's within the consensus rules of bitcoin. |
Speaker B: I get it. |
Speaker A: But, like, the actual bitcoin software isn't, like, capable of that for some reason. |
Speaker B: I got it. Okay. My ears just perked up a little bit. When we talk about going, like, we're sending transactions direct to minor. |
Speaker A: No, it's like an implementation problem. |
Speaker B: But I guess that's not necessarily a kind of like a mev or. |
Speaker A: It's not me. Yeah, because you're not reordering transactions. |
Speaker B: All right, cool. Yet we're gonna do the BitVM episode. |
Speaker A: Yep. |
Speaker B: There's some other bitcoin layer two projects. Like, there's a ton of them right now, and most of them are starting as, like, these side chains and then moving. |
Speaker A: They'll all say that they are using. |
Speaker B: The more decentralized direction. Right. Maybe something to tap into there. What else is there on our bitcoin journey right now? That kind of it. |
Speaker A: That's kind of it, yeah. Fungible tokens, non fungible tokens and layer twos, baby. This is ethereum 2016 in ethereum land. |
Speaker B: 2016. Oh, my God. That was pre lt. Maybe. |
Speaker A: Maybe 2019. Maybe 2019. |
Speaker B: Yeah, 2019. When they found out that raiden is not a good way to scale Ethereum. |
Speaker A: No. When we found out that plasma could actually turn into an optimistic role. |
Speaker B: Yeah, they're right there. They're right there. Oh, wow. All right. |
Speaker A: I wonder if we ever going to get plasma back in Ethereum. |
Speaker B: Yeah, I hope not. |
Speaker A: I hope, you know, optimism is working on plasma. Da. |
Speaker B: Really? Okay, well, that's a different use case for it. My last thing for you is, do you think that lightning is acknowledged dead by everybody in the bitcoin community? Or it's like Coinbase just rolled out lightning support in 2024. I don't know. |
Speaker A: Victor Bunin hit me up. I think I told you that Victor Bunin hit me up. I was like, hey, you want to do a podcast with me from the Coinbase protocol specialist about lightning integrations? |
Speaker B: And I'm like, no, I don't know lightning anymore. Like, Eric Walter, no one is going. |
Speaker A: To use that product. Wow. |
Speaker B: I mean, why lightning when there's layer two? Is the point that Eric said as well. All right, guys. Hope you enjoyed the debrief. |
Speaker A: All right, cheers, guys. Bye. |
Subsets and Splits
No community queries yet
The top public SQL queries from the community will appear here once available.