Liquid Bitcoin with Adam Back & Samson Mow - WBD224
The Peter McCormack Show
Peter McCormack
4.7 • 2.8K Ratings
🗓️ 19 May 2020
⏱️ 79 minutes
🧾️ Download transcript
Summary
Location: Zoom Date: Friday 15th May Project: Blockstream Role: CEO & Chief Strategy Officer
Bitcoin: decentralised, permissionless, censorship-resistant and unconfiscatable. Unique properties which make it a unique form of money
For Bitcoin to keep growing, these features mustn't be compromised. However, scaling solutions for Bitcoin, may trade off some of these features for other benefits.
With the vast majority of the community in agreement that block sizes must remain small to maximise decentralisation, Bitcoin is best scaled using layered solutions. The Liquid Network, like the Lightning Network, is a layer two solution that, by sacrificing some aspects of decentralisation and censorship resistance, can improve speed and scalability.
Liquid is a project spearheaded by Blockstream and is aimed at traders, exchanges and market makers to offer faster and more confidential transactions than the Bitcoin basechain. It also adds the ability to build tokens on the network.
In this interview, I talk to Adam Back and Samson Mow Blockstream's CEO & Chief Strategy Officer. We discuss The Liquid Network, the tradeoffs between Liquid and the basechain, how it differs from Lightning network and tokenised securities.
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Transcript
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| 0:00.0 | What could do with Bitcoin if you could do anything and the answer is really liquid? |
| 0:05.0 | Hello there from Bedford, how are you all? |
| 0:08.0 | Welcome to the What Bitcoin did podcast, which is brought to you by The Mighty Cracken |
| 0:12.0 | Best place to buy buy sell and trade |
| 0:13.7 | Bitcoin I'm your host Peter McCormack and today I have an interview with Block |
| 0:17.8 | streams Adam back and Sampson Mao to discuss the Liquid Network but before that I do have a message from my show sponsors. |
| 0:25.3 | So have you checked out Sports Bet. I.o yet, the best place of online gambling, and guess what? |
| 0:30.5 | They accept Bitcoin. And after this long sporting break, football is finally back on the agenda and the Bundesliga |
| 0:37.9 | is playing again. |
| 0:39.3 | And to celebrate this, a sports bet has a Bundesliga Super Street challenge. |
| 0:43.2 | If you win 10 bets in a row before the end of the season, |
| 0:46.0 | you will walk away with 100 MBTC. |
| 0:49.0 | That is 0.1 BTC, offer you sat stackers, |
| 0:52.1 | 10 million sat. |
| 0:53.2 | You will walk away with that in cash and hopefully soon. |
| 0:56.3 | The rest of the football season will be back and I will be able to stick some bets on the |
| 1:00.1 | Premier League. |
| 1:01.2 | If you want to find out more, head over to Sports Beto, which is SPO-R-T-E-T-T-I-O. Also, we have crypto mining tools, now with the halving done and with Bitcoin strong I want to welcome |
| 1:14.9 | back Scott Orford to the show so the Bitcoin halving has had an impact on |
| 1:19.6 | mining profitability and Scott from crypto mining tools has a solution for |
| 1:23.4 | Bitcoin mining equipment owners looking to get a little bit more life out of |
| 1:27.0 | their miners. I've told you before about Scott's Bitcoin mining |
... |
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