a16z Podcast: Hard Forks, Hard Choices for Bitcoin
The a16z Show
a16z
4.2 • 1.2K Ratings
🗓️ 2 September 2015
⏱️ 27 minutes
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| 0:00.0 | The content here is for informational purposes only, should not be taken as legal business, |
| 0:05.3 | tax, or investment advice or be used to evaluate any investment or security and is not |
| 0:10.0 | directed at any investors or potential investors in any A16Z fund. For more details, |
| 0:15.1 | please see A16Z.com slash disclosures. |
| 0:18.9 | Welcome to the A16Z podcast. I'm Michael Copeland. |
| 0:22.4 | A few weeks back, A16Z's Chris Dixon and Mike Hearn talked about all things Bitcoin, |
| 0:28.5 | including the issue that has all Bitcoin fans a bit on edge these days. |
| 0:32.9 | How to scale the Bitcoin blockchain before capacity runs out. |
| 0:37.2 | Hearn offered his solution, Bitcoin XT, which would compete with the existing Bitcoin |
| 0:42.9 | engine for generating new Bitcoin, verifying transactions, and recording transactions on the |
| 0:49.3 | blockchain. |
| 0:50.8 | Bitcoin XT is, in the parlance, a hard fork, and quite frankly, not everyone in the Bitcoin community |
| 0:58.6 | is in favor of Hearn's approach. |
| 1:01.4 | After the podcast went live, we certainly heard about it from various online quarters. |
| 1:06.8 | So in the interest of airing all options for solving Bitcoin's scaling problem, |
| 1:15.6 | we invited two more experts from the Bitcoin world, Adam Back and Alex Morkos, |
| 1:19.6 | to share their views on alternate ways to scale the Bitcoin blockchain. |
| 1:25.4 | Back is a well-known applied cryptographer, whose long-time focus has been digital currency. |
| 1:28.8 | Back invented hash-cash, a proof of work system, |
| 1:33.0 | which, among its other applications, is used in Bitcoin mining. |
| 1:35.6 | He's also the co-founder of Blockstream. |
| 1:39.9 | Morcos is the founder of Chaincode Labs, based in New York City, |
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