THE PROTOCOL: Rootstock | Bringing the Ethereum Virtual Machine to Bitcoin
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 12 April 2024
⏱️ 46 minutes
🧾️ Download transcript
Summary
Rootstock Chief Scientist, Sergio Demian Lerner, regards the upcoming Bitcoin halving is a moment of celebration for the community and highlights the importance of transaction fees for the sustainability of the network.
This episode is sponsored by the Stellar Community Fund
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In this installment of "The Protocol," hosts Brad Keoun, the founding editor of The Protocol Newsletter, and tech journalists Sam Kessler and Margaux Nijkerk, dive into
are joined by Sergio Demian Lerner, Chief Scientist at Rootstock, to discuss his research on the Patoshi pattern and the early mining of Bitcoin. He explains how he identified that Satoshi Nakamoto had mined approximately 1.1 million Bitcoins and had never spent them, which built trust in the system. Sergio also shares his insights on the upcoming Bitcoin halving and the importance of transaction fees for the sustainability of the network.
Takeaways
- Sergio Demian Lerner identified the Patoshi pattern, which revealed that Satoshi Nakamoto had mined approximately 1.1 million Bitcoins and had never spent them, building trust in the system.
- The upcoming Bitcoin halving is a moment of celebration for the community and highlights the importance of transaction fees for the sustainability of the network.
- Rootstock aims to bring the Ethereum Virtual Machine (EVM) to Bitcoin and focuses on financial inclusion and the use of Bitcoin collateralized stablecoins.
- The cultures of Ethereum and Bitcoin differ in terms of complexity, centralization, and fragmentation, with Ethereum being more open and welcoming to developers.
- The introduction of BitBM and the development of bridges on Bitcoin may lead to changes in the Bitcoin ecosystem, such as the addition of new opcodes for more efficient operations.
Chapters
00:00 Uncovering the Patoshi Pattern
13:51 Rootstock: Bringing the EVM to Bitcoin
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EPISODE LINKS |
Polygon Acquires Ethereum Scaling Startup Mir for $400M
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Transcript
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| 0:43.9 | Wondery, UK. That's audible.com slash Wondery UK. Bitcoin itself is not a good smart |
| 0:52.2 | contact platform, because the choices that Satoshi made are very, |
| 0:56.3 | very conservative. There was, you know, the block size words which basically solidified a certain |
| 1:02.3 | path forwards, which means that Bitcoin is becoming more and more of a storage value and less |
| 1:08.2 | and less of a payment network, which is okay to me if we can build layers on top of |
| 1:12.6 | Bitcoins. |
| 1:13.3 | This episode of The Protocol is sponsored by the Stellar Community Fund. |
| 1:20.7 | Dive deep into the blockchain realm with the Protocol podcast with CoinDesk founding editor |
| 1:25.9 | of the Protocol newsletter, Brad Cowan and tech journalists |
| 1:29.3 | Sam Kessler and Margo Nykirk. They unravel the intricate technologies powering cryptocurrencies like |
| 1:35.6 | Bitcoin and Ethereum, one block at a time. Just a reminder, CoinDesk is a news source and does not |
| 1:41.9 | provide investment advice. |
| 1:52.2 | Hello and welcome to the Protocol podcast. I'm Brad Count here with my co-hosts Margo Nykirk and Sam Kessler. We're very excited to dive into today's show with the latest news |
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