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TFTC: A Bitcoin Podcast

#136: Paul Sztorc

TFTC: A Bitcoin Podcast

Marty Bent

Technology

4.8764 Ratings

🗓️ 25 February 2020

⏱️ 149 minutes

🧾️ Download transcript

Summary

Join Marty as he sits down with Paul Sztorc, the man behind Drivechains and Bitcoin Hivemind, to discuss:

- Proof of Work v. Proof of Stake

- Bitcoin's fee market

- How it may develop in the future

- Is Bitcoin our only shot? 

- Drivechains

- Why people don't like Drivechains

- Why their concerns are valid + invalid

- Bitcoin Hivemind

- much more

Follow Paul on Twitter

Check out his blog

Check out Drivechains 

Check out Bitcoin Hivemind

Shoutout to this week's sponsors.

Cash App. Start #stackingsats today. Use the promo code: "stackingsats" to receive $10 and contribute $10 to OWLS Lacrosse you download the app.


Transcript

Click on a timestamp to play from that location

0:00.0

What up, freaks? It's your boy, Marty Ben, here to introduce this week's episode.

0:09.9

It's an immense pleasure of sitting now with somebody whose blog posts I've been reading for quite some time.

0:14.9

Somebody I've been conversing with on Twitter for quite some time.

0:17.0

Somebody who is a unique thinker in the Bitcoin space, he definitely ruffles some feathers

0:20.9

from time to time. He's ruffled my feathers before, including last week, which was the impetus

0:26.0

for me reaching out and hopping on the mic with him. This week's episode of Tales from the Crypt.

0:31.8

I sit down with Paul Stork, the creator of truthcoin.in. info, which is a wealth of knowledge, a bunch of hours long blog posts that I highly recommend you read.

0:43.2

I've been around for a while.

0:45.2

Paul and I dive into some of them in this conversation.

0:48.4

We talk about the fee market, the concept of drive change, which is his idea for a blind merge mine side chain that he believes would help a fee market develop.

0:58.0

That's a controversial topic because of the way miners could steal the coins, but we talk about all the scenarios and the disincentives for miners to do such a thing and the ways in which that can be prevented.

1:10.0

On top of that,

1:11.0

we talk about his hive mine project, which is the reason for the idea behind drive chains.

1:16.6

He started with hive mine to work backwards from there. We went out of, we talked for,

1:22.3

we didn't go at it. We had a conversation for two and a half hours, most of which Paul was speaking, which is fine by me.

1:31.3

Because, again, this is somebody I've been following for quite some time, and I'm very

1:35.2

fascinated by his ideas, particularly around the cost of proof of stake versus proof of work,

1:42.1

and why proof of stake is probably not that advantageous

1:45.6

in the long run or less costly than proof of work. I hope you guys enjoy this episode.

1:52.2

A lot of topics covered. This episode of Tales from the Crypt is brought to you by the cash app.

1:57.0

You freaks already know all about them. And if you don't, let me tell you about them.

1:59.8

They're letting you do a bunch of things. All right sign up you can get their boost card all right you get

...

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