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The Peter McCormack Show

Bitcoin's Wall'd Garden with Eric Wall - WBD644

The Peter McCormack Show

Peter McCormack

Politics, Society, Markets, News, Society & Culture, Technology, Inflation, Finance, Economics, Government, Power, Bitcoin, Money

4.72.8K Ratings

🗓️ 12 April 2023

⏱️ 122 minutes

🧾️ Download transcript

Summary

Eric Wall is a researcher and investor, and in this interview, we discuss how Eric became a notable critical voice within the HEX community, his ongoing fight with prominent Bitcoin maximalists, and Taproot Wizards.

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What Bitcoin stands for and should be is a debate that has been raging since 2009. Bitcoin's unique characteristics have drawn many people into its gravity. The realisation that its immaculate conception may never be replicated has resulted in many of those same people guarding Bitcoin's development with uncompromising zeal.

The result has been the rise of Bitcoin Maximalism. Maximalist ideology can be a fuzzy concept: there are no clearly agreed rules or principles; there have been various iterations with different priorities over time. However, it is clearly characterised by conservatism over the development of the protocol, and intolerance for those with differing attitudes.

Nevertheless, that is not to say that Bitcoin development can forever remain in stasis. There are and have been pressures requiring upgrades both to the base layer, and in the development of additional layers. This means there is always a creative tension on what changes are required, and how quickly these need to be implemented.

Further, as Bitcoin has no leader, it has engendered an ecosystem where advocates organically emerge, who can gain traction and have an outsized influence on the community. This creates further tensions as Bitcoin's purpose is being proselytized using competing and sometimes muddied beliefs.

Thus, it is important that Bitcoiners enable an open dialogue where all ideas are questioned, scrutinized and tested. And such debates should be open to all Bitcoiners, without fear or favour to any powerful interests. Is the question therefore how intolerant we should be of those with differing views? And, can we live without trolling, or is this a necessary defensive tool?


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Transcript

Click on a timestamp to play from that location

0:00.0

This group of betons that we've cultivated for the last couple of years,

0:08.0

they are not going to help us to grow this community by a townfold or a hundredfold anymore.

0:13.7

That's a small clicker people that is now taking control.

0:17.7

Hello there, how are you all?

0:19.7

All right, I am having the best week. We did it.

0:23.4

Rale Bedford won the league.

0:25.4

And I know not all of you care about this. You're not all into football, but

0:28.9

we do have a Bitcoin team that's won the league. We're going up to step five and we're going to try and do it all again.

0:34.0

So that's pretty cool. Anyway, welcome to the What Bitcoin did podcast, which is brought to you by Iris Energy,

0:40.0

the largest NASDAQ listed Bitcoin miner using 100% renewable energy.

0:44.7

I'm your host Peter McCormack and today we have a Bitcoiner but also Bitcoin critic

0:50.4

Eric Wall on the show. Now we get into all sorts of topics in this one.

0:55.0

We started out talking about Hex and their community.

0:58.6

We talk about Bitcoin culture.

1:00.6

And where Eric sees his role as the person who can call out bad takes, but also be a voice of reason within Bitcoin.

1:06.0

Now I know not everyone is a fan of Eric, he's a bit trolly at times, but I appreciate talking to him. I like talking to the critics too. So I will be interested to see your comments on this one to hear what you think

1:16.5

So if you got any questions about this or anything else you can hit me up on hello at what

1:19.9

Bitcoin did.com and last call for our event this Friday, last chance to get tickets.

1:25.4

We've only got a handful left. So Jeff Booth, James lavish, Lawrence Lepard and Ben Arke

1:30.9

can be in Bedford for what Bitcoin did live.

1:33.0

So if you want to get tickets for that, head over to what Bitcoin did.

1:36.0

Come, click on WBD live, and I will see you there Friday.

...

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