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Bankless

Bitcoin's 2024 Revolution: L2s & Beyond | Eric Wall

Bankless

Bankless

Tech News, Technology, News

4.71.2K Ratings

🗓️ 8 May 2024

⏱️ 90 minutes

🧾️ Download transcript

Summary

✨ DEBRIEF | Ryan & David unpacking the episode:
https://www.bankless.com/debrief-the-eric-wall-interview 


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What’s the Endgame for Bitcoin Scaling? That’s what we asked bitcoin builder and researcher Eric Wall.


We start by exploring the evolution of Bitcoin and the genesis of scaling solutions on top of it. We then get into the intricacies of the BitVM, what exactly is a Bitcoin L2 and what’s coming next.


Eric is the perfect guest to explore this frontier of Bitcoin Rollups, he tells it like it is and he understands both Ethereum and Bitcoin.


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TIMESTAMPS


0:00 Intro
5:47 Eric Wall
9:48 The Evolution of Bitcoin
21:31 The Genesis of Bitcoin L2s
36:40 Runes
46:22 BitVM
1:04:45 Why Bitcoin L2s are Inevitable
1:09:07 Stacks
1:11:37 Bitcoin L2 Endgame
1:17:39 Scams
1:23:13 Bitcoin’s Direction
1:27:25 Closing & Disclaimers


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RESOURCES


Eric Wall
https://twitter.com/ercwl  


Taproot Wizards
https://taprootwizards.com/  


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Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosures ⁠  

 

Transcript

Click on a timestamp to play from that location

0:00.0

I mean what we ultimately need for Bitcoin is we don't I actually I'm not that convinced that we need to take you know

0:07.7

everything that etheorem is done and put it on to Bitcoin like we don't need all of the ethereal stuff to exist on Bitcoin I don't need all of the Ethereum stuff to exist on Bitcoin. I don't think so, but what I do know that we do need, we just need a way for me to be able to send Bitcoin to you in a scalable and private fashion just so that

0:27.4

Bitcoin as a currency works.

0:29.7

Welcome to Bankless where today we explore the frontier of Bitcoin Layer 2s.

0:37.0

This is Ryan Sean Adams. I'm here with David Hoffman and we're here to help you become more

0:41.5

bankless.

0:42.8

The big question, can Bitcoin scale through layer two

0:45.7

is the way Ethereum has?

0:47.0

I think it's the most important question

0:48.7

that Bitcoin builders are facing today,

0:50.7

and it's hard.

0:51.6

There's a lot of noise out there. We've got to find out

0:53.6

what's real, what's narrative, what's a scam, what the future actually looks

0:57.5

like for Bitcoin. That's why we're having this episode today with Eric Wall. He's on

1:01.1

today and he's got the most thorough take that David and I have heard on this subject.

1:05.2

He's the perfect guest for this because not only does Eric tell it like it is,

1:09.2

he also understands both Ethereum and Bitcoin.

1:12.6

So a few topics we get into in the episode.

1:14.9

Number one, the Ordinals and Ruins Awakening,

1:17.8

why that is upon us and what effect it's had.

1:19.8

Number two, why lightning failed.

1:21.9

Number three, the state of Bitcoin layer two's. Where are they today?

...

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