After the Merge, How Do We Think About Change Within Bitcoin?

The Breakdown

Blockworks

Investing, Business

4.8 • 786 Ratings

🗓️ 20 September 2022

⏱️ 17 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

This episode is sponsored by Nexo.io, Chainalysis and FTX US. For this edition of “Long Reads Sunday,” NLW reads and discusses Chris Castiglione’s “Bitcoin Should Change … Slowly,” as well as a Twitter thread by Dan McArdle. - Nexo is a security-first platform where you can buy, exchange and borrow against your crypto. The company ensures the safety of your funds by employing five key fundamentals including real-time auditing and recently increased $775 million insurance on custodial assets. Learn more at nexo.io. - Chainalysis is the blockchain data platform. We provide data, software, services and research to government agencies, exchanges, financial institutions and insurance and cybersecurity companies. Our data powers investigation, compliance and market intelligence software that has been used to solve some of the world’s most high-profile criminal cases. For more information, visit www.chainalysis.com. - FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today. - I.D.E.A.S. 2022 by CoinDesk facilitates capital flow and market growth by connecting the digital economy with traditional finance through the presenter’s mainstage, capital allocation meeting rooms and sponsor expo floor. Use code BREAKDOWN20 for 20% off the General Pass. Learn more and register at coindesk.com/ideas. - Enjoying this content? SUBSCRIBE to the Podcast Apple: https://podcasts.apple.com/podcast/id1438693620?at=1000lSDb Spotify: https://open.spotify.com/show/538vuul1PuorUDwgkC8JWF?si=ddSvD-HST2e_E7wgxcjtfQ Google: https://podcasts.google.com/feed/aHR0cHM6Ly9ubHdjcnlwdG8ubGlic3luLmNvbS9yc3M= Join the discussion: https://discord.gg/VrKRrfKCz8 Follow on Twitter: NLW: https://twitter.com/nlw Breakdown: https://twitter.com/BreakdownNLW - “The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with today’s editing by Eleanor Pahl and Rob Mitchell. Research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsors today is “Razor Red” by Sam Barsh and “The Life We Had” by Moments. Image credit: JuSun/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

Transcript

Click on a timestamp to play from that location

0:00.0	Welcome back to The Breakdown with me, NLW.
0:09.2	It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world.
0:14.8	The breakdown is sponsored by nexo.io, chain aliasis, and FtX, and produced and distributed by CoinDesk.
0:22.8	What's going on, guys? It is Sunday, September 18th, and that means it's time for Long
0:27.2	Read Sunday. Before we get into that, however, if you are enjoying the breakdown, please go
0:31.5	subscribe to it, give it a rating, give it a review, or if you want to dive deeper into the
0:35.3	conversation, come join us on the breakers discord.
0:38.4	You can find a link in the show notes or go to bit.ly slash breakdown pod.
0:42.3	Also, a disclosure as always, in addition to them being a sponsor of the show, I also work with
0:46.7	FTX. Now, it is only fitting for Ethereum Merge Week that we do a merge-themed Long
0:53.4	Read Sunday. Although what we're actually
0:55.7	going to look at is the contemplation it is prompted around Bitcoin and its relationship both
1:00.9	to Ethereum as well as to itself. So first we're going to read a piece called Bitcoin
1:05.2	should change slowly, reconsidering the first cryptocurrency's slow and steady approach to
1:10.1	development as Ethereum's
1:11.3	merge nears. The piece is by Chris Castiglione, who works on a secure chat platform for Web3
1:16.9	called console.xyz, is a general manager at Trust Machines, which is building on Bitcoin,
1:21.9	and is an adjunct professor at Columbia University Business School. Chris writes, Bitcoin is slow
1:27.0	to change. Transaction speeds are too slow for a
1:29.6	global payment system. The community is reluctant to embrace novelty, and the rate of new innovation
1:34.5	in comparison to nearly every other blockchain is tortoise-like. Fortunately for Bitcoin, I believe
1:39.2	its slow and steady pace will ultimately be its superpower. This year, Ethereum will undergo a radical upgrade known as the
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Blockworks, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Blockworks and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.