Value for Value ⚡️
I know in 2017, I was talking to Bitcoin miners in Venezuela who were doing it to make ends meet. But now Bitcoin topping $82,000 this morning. As futures premiums jump higher, traders are now betting over $2,900,000,000 on Bitcoin soon rising past that 85 k threshold on the popular derivatives exchange, Derabit. The wider crypto market also seeing out sized gains this morning.
Episode Summary
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/moneyballLyn on Nostr: https://primal.net/lynEPISODE: 143BLOCK: 869880PRICE: 1180 sats per dollarsupport 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/chatOutro 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