Nic Carter: The Second Bitcoin Civil War
Bankless
Bankless
4.7 • 1.2K Ratings
🗓️ 27 February 2024
⏱️ 70 minutes
🧾️ Download transcript
Summary
Nic Carter rejoins the podcast to discuss Bitcoin’s second civil war. When did it begin? Where are the party lines drawn? How will it end? Possible solutions? David and Nic dig into all of these questions and much more.
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TIMESTAMPS
0:00 Intro
7:30 The Bitcoin Civil War
10:32 Defining Side Lines
14:14 No Core Consensus
17:13 Filtering Out Transactions & Expressivity
22:39 Season Two
26:16 Lightning Doesn’t Work?
29:16 Ordinals & Bitcoin L2s
32:49 The Future of Bitcoin Core
35:16 Covenants Explained
37:26 Bitcoin Venture Capital
48:26 BitVM
51:64 Bitcoin Block Philosophy
1:02:10 Bitcoin Expressivity Going Too Far
1:07:36 Bitcoin Ideology
1:10:12 Closing
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RESOURCES
Nic Carter
https://twitter.com/nic__carter
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Transcript
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| 0:00.0 | I think the technology and the financialization of Bitcoin are intertwined and you can't have one without the other. |
| 0:08.0 | And as we move into this intermediate term with ETF flows and things like that. |
| 0:12.8 | These allocators will continue to ask themselves, |
| 0:15.2 | is there interesting stuff happening on Bitcoin, |
| 0:17.2 | why Bitcoin is supposed to any other blockchain? |
| 0:19.2 | And just being the only crypto asset with an EDF, |
| 0:21.2 | I don't think is sufficient. |
| 0:22.3 | So we do have to continue to show that there's like actual technological |
| 0:26.0 | developments happening. |
| 0:27.1 | Bankless Nation, welcome to a conversation with Nick Carter. |
| 0:33.2 | Over in Bitcoin World, there is a second Civil War forming. |
| 0:36.6 | It's been forming for a while, it's always been there. |
| 0:38.9 | We unpack it here today on the conversation with Nick Carter, but this camp is the filtering camp versus the |
| 0:44.9 | Bitcoin Rationalist camp there's not really any good names here these are the |
| 0:49.5 | monetary maximalism versus the Bitcoin Expressivity camp, the Satoshi's only versus the Ordinals |
| 0:56.6 | camp. Some of these people want to only have Bitcoin the blockchain be good for BTC transfers and the other camp is for |
| 1:05.0 | Bitcoin Expressivity ordinals, BRC 20s, layer 2s on Bitcoin and this has |
| 1:10.4 | worked its way up to the Bitcoin core part of the stack. |
| 1:14.2 | We're not going to hard fork the Bitcoin chain, that's not ever going to happen, |
| 1:17.0 | but there are still places where these different philosophies want to exert control. |
| 1:22.4 | And so there's been political fights over. want to exert control. |
| 1:22.6 | And so there's been political fights over what gets merged into |
... |
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