BITCOIN SEASON 2: Stop Ossification: Don't Let BTC Become a Rolex
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 26 March 2025
⏱️ 51 minutes
🧾️ Download transcript
Summary
StarkWare founder Eli Ben-Sasson explains Starknet settling on both Ethereum and Bitcoin, the need for Bitcoin scaling through OP_CAT, quantum computing threats, and preventing Bitcoin from becoming an exclusive asset only for the wealthy.
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Eli Ben-Sasson, co-founder and CEO of StarkWare, joins us to discuss how StarkNet plans to settle on both Ethereum and Bitcoin. We dive into the technical details of zero-knowledge proofs, the importance of OP_CAT for Bitcoin's future, and the fascinating Collider Script approach to covenants. Eli shares his concerns about Bitcoin ossification, explaining why without scaling solutions, Bitcoin risks becoming a "Rolex" - an asset only accessible to the wealthy. We also explore quantum computing threats and potential solutions for securing Bitcoin's future.
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Notes:
- StarkWare has over 200 team members
- OP_CAT is the "greenest" covenant proposal
- Quantum threats require ZK-based solutions
- Collider Script enables covenants at high cost
- Bitcoin fees prevent mass adoption
- Bitcoin needs soft forks to avoid ossification
00:00 Start
01:09 Starkware background
04:38 Bringing ZK tech to Bitcoin
07:53 What is a "unified" layer 2?
09:21 Why use Starknet?
11:33 Posting proofs on-chain
13:26 OP_CAT
16:55 Collider script
19:35 Arch
20:09 SHA1 collisions?
22:43 Brute forcing covenants into Bitcoin
24:53 fear of soft fork
27:59 Quantum
32:16 Possible quantum futures
34:26 Why ZK_Starks for Satoshi's coins??
38:16 Confiscation vs network protection
43:18 Self custody future
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Transcript
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| 0:49.7 | Welcome back to Bitcoin's season two. Bitcoin is in danger of becoming a Rolex. Now, this sounds like a great thing. |
| 0:56.9 | But what if Bitcoin were only accessible to the wealthy and the rich, like Rolex? I talk with |
| 1:01.9 | Ellie Bin Sasson of Starkware this week. A lot of fascinating topics, Quantum, OpCat, and technical |
| 1:08.6 | things such as ColliderScript. |
| 1:12.1 | Stay tuned for this conversation. |
| 1:16.2 | Bitcoin Season 2 is brought to you by Arch Network, the platform building bridgeless apps on Bitcoin. |
| 1:18.5 | More on Arch later on the show. |
| 1:20.2 | Let's kick it off. |
| 1:29.5 | Welcome back to Bitcoin Season 2. I've got Ellie Ben Sassan, founder of Starkware, and we'll be talking about Starknet, |
| 1:35.0 | pop-cat, quantum, some more interesting topics, existential questions about blockchains, |
| 1:41.0 | and even Collider Script. |
| 1:43.6 | So Ellie, welcome to Bitcoin season two. |
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