#503: The Bitcoin Stack with Dhruv Bansal,Ryan Gentry & Allen Farrington
TFTC: A Bitcoin Podcast
Marty Bent
4.8 • 764 Ratings
🗓️ 4 May 2024
⏱️ 100 minutes
🧾️ Download transcript
Summary
Marty sits down with Dhruv, Ryan and Allen to discuss their new article on decentralizing the internet with Bitcoin.
Dhruv on Twitter: https://twitter.com/dhruvbansal
Ryan on Twitter: https://twitter.com/RyanTheGentry
Allen on Twitter: https://twitter.com/allenf32
0:00 - Intro
5:05 - Adding context
9:47 - Layer Zero
17:15 - Difficulty adjustment
23:32 - Layer One
32:42 - Layer Two - Lightning
43:31 - Gradually, Then Suddenly
44:10 - High layers improve low layers
50:40 - Unlocking the potential of lightning
55:40 - Design methodology
1:00:50 - Ordinals, out-of-band transactions
1:06:25 - Nostr
1:12:20 - Sphinx chat
1:17:24 - Ethereum’s backwards priorities
1:19:49 - AI interaction with bitcoin
1:25:09 - Unforseeable use cases
1:36:23 - Wrapping up
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Gradually, Then Suddenly
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Transcript
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| 0:00.0 | So, freaks, it's your boy Marty here to introduce us, Rip of TFTC. Thank you for joining us. |
| 0:10.0 | Give this video a like, subscribe to the channel. If you catch us on podcast apps, make sure you |
| 0:16.3 | subscribe there, give us a rating, a review. Go to tfTC.io as well, become a member of the site, join the |
| 0:23.0 | conversation. Truth for the commoner, trying to get you, the high signal content in a world |
| 0:28.9 | gone mad. This trip was brought to you by good friends at River. Rivers here to make it as easy |
| 0:34.0 | as possible for you to buy Bitcoin and then take it into self-custody. |
| 0:38.5 | Go to river.com slash TFTC, set up an account today. |
| 0:42.6 | You'll get $5 of Bitcoin after you buy $100 worth of Bitcoin on River. |
| 0:48.8 | You can dollar cost average into Bitcoin with no fees. |
| 0:52.8 | If you're just buying one- off, River has the best fees |
| 0:55.9 | in the industry. They back all their Bitcoin reserves one-to-one in multi-sig cold storage. |
| 1:03.1 | They highly recommend that you take self-custody. They just introduced limits. So if you |
| 1:08.1 | want to set a limit order below or above the current Bitcoin price, River makes |
| 1:12.4 | that extremely easy as well. They also have real customer support. You can pick up the phone |
| 1:18.6 | and call them if you have any questions about your experience on Rivers. Go to river.com |
| 1:23.3 | slash TFTC set up an account today. Enjoy this rip. |
| 1:27.6 | Gentlemen, welcome to the show. |
| 1:30.0 | This is a great quad box we got here. |
| 1:32.5 | I'm very honored to be sitting with you three gentlemen on this beautiful Monday morning. |
| 1:38.4 | Thanks for having us. |
| 1:39.9 | This is awesome. |
| 1:40.8 | Yeah, really excited to get this group together. |
... |
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