BTC165: Bitcoin's 2024 Technical Overview w/ NVK (Bitcoin Podcast)

We Study Billionaires - The Investor’s Podcast Network

Stig Brodersen

Education, Investing, Business

4.6 • 3.6K Ratings

🗓️ 17 January 2024

⏱️ 64 minutes

🔗️ Recording | iTunes | RSS

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Summary

Dive into Bitcoin's 2024 technical landscape with NVK. We dissect the impact of covenants and CheckTemplateVerify (CTV) on smart contracting and scalability, analyze OP_RETURN's usage, and evaluate the Lightning Network's potential for scaling. We also ponder Layer 2's self-custody significance, tackle block spam concerns with node filters, and delve into transaction developments brought by SegWit and Taproot. Additionally, we discuss BRC20 implications and assess the Mempool's health score. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 02:20 - An understanding of the Mempool health score and what it indicates about the Bitcoin network's efficiency and congestion. 06:31 - The technical intricacies and implications of implementing covenants in Bitcoin. 09:01 - The advancements in transaction structures and efficiency brought by the Taproot update. 09:01 - Insights into the potential and challenges of BRC20 tokens or standards on the Bitcoin network. 11:34 - The role and impact of OP_RETURN in Bitcoin transactions. 13:41 - Challenges and opportunities in scaling the Lightning Network. 25:59 - The importance of self-custody in Bitcoin's Layer 2 solutions. 48:46 - How CheckTemplateVerify (CTV) could revolutionize smart contracting and enhance Bitcoin's scalability. Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES Link to NVK’s Cold Card Hardware wallet. Link to NVK’s AI website. Check out all the books mentioned and discussed in our podcast episodes here. NEW TO THE SHOW? Follow our official social media accounts: X (Twitter) | LinkedIn | | Instagram | Facebook | TikTok. Browse through all our episodes (complete with transcripts) here. Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: River Linkedin Marketing Solutions NetSuite Fidelity Shopify Toyota TurboTax Babbel American Express Business Gold Card Fundrise Vacasa Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Transcript

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0:00.0	You're listening to TIP.
0:02.0	Hey everyone, welcome to this Wednesday's release of the Bitcoin Fundamentals Podcast.
0:07.0	This episode is brought to you by River, the place that I personally go to securely invest in Bitcoin with confidence and with zero fees.
0:14.4	All right, if you're active on Twitter and seeing all the technical posts going on
0:19.3	about Bitcoin, things can get a little overwhelming. Well, I bring on one of the most respected technical experts, Mr.
0:26.0	EnvyK, who's the founder of Cold Card,
0:28.0	to talk to us about all the proposals and all the technical things that are being discussed, what risks are being imposed and much, much more.
0:36.0	This was a conversation I personally couldn't wait to have so I could learn and help prioritize what's actually important versus what's just noise.
0:44.8	And so with that, here's my conversation with MVK.
0:47.7	You're listening to Bitcoin Fundamentals by The Investors Podcast Network.
0:57.0	Now for your host, Preston Pish. Hey everyone, welcome to the show. I'm here with NVK once again.
1:03.8	Very excited to the show. I'm here with EnvyK once again,
1:13.9	very excited to have this conversation.
1:15.6	Welcome back.
1:16.7	Hey man, thanks for having me.
1:18.1	It's been a while.
1:20.1	Well, we've talked here and there,
1:21.6	but having a conversation on the show, it's been a while.
1:23.8	Yeah.
1:24.8	So here's the deal, man, like on Twitter, online, there's so much jargon, there's so much terminology
1:32.2	jargon being thrown around.
1:34.0	And I think for people that are just showing up,
	...

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