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Shit Bitcoiners Say with Rusty Russell

Peter McCormack
186K subscribers
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3.4K views 4 years ago The Peter McCormack Show
In this interview, I talk to Lightning Network developer and owner of the Shit Bitcoiners Say Twitter account, Rusty Russell. We discuss the lightning network, open-source development, narratives and overzealous Bitcoiners. 00:05:27 Introductions 00:08:04 Lightning and the search for the killer use case 00:15:55 Porn and drugs… 00:18:37 Jack Mallers and Strike 00:21:55 All about Linux 00:29:11 From Linux to Blockstream - Rusty's journey 00:33:08 Number Go Up 00:38:44 Mt Gox and other scams 00:40:55 When Peter got rekt 00:46:41 Bitcoin Fixes This 00:47:16 The "Bitcoin will stop wars" debate 00:50:13 Libertarianism 01:10:19 Peter and Rusty debate Bitcoin over gold 01:13:52 What is Bitcoin for Rusty? 01:16:22 The three phases of Bitcoin 01:20:48 The three groups of bitcoiners 01:25:49 Forking Bitcoin 01:29:08 Peter's experience of mining 01:29:42 Rusty's view on the future of Bitcoin 01:31:00 The hash rate 01:35:25 Shit Bitcoiners Say 01:43:17 Dec …...more
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Introductions

5:27

Lightning and the search for the killer use case

8:04

Porn and drugs…

15:55

Jack Mallers and Strike

18:37

All about Linux

21:55

From Linux to Blockstream - Rusty's journey

29:11

Number Go Up

33:08

Mt Gox and other scams

38:44

When Peter got rekt

40:55

Bitcoin Fixes This

46:41

The "Bitcoin will stop wars" debate

47:16

Libertarianism

50:13

Peter and Rusty debate Bitcoin over gold

1:10:19

What is Bitcoin for Rusty?

1:13:52

The three phases of Bitcoin

1:16:22

The three groups of bitcoiners

1:20:48

Forking Bitcoin

1:25:49

Peter's experience of mining

1:29:08

Rusty's view on the future of Bitcoin

1:29:42

The hash rate

1:31:00

Shit Bitcoiners Say

1:35:25

Declaration of interests

1:43:17

Why not to speculate on the identity of Satoshi Nakamoto!

1:47:30

Increasing the block size

1:52:17

Final comments

2:00:12
Shit Bitcoiners Say with Rusty Russell
115Likes
3,439Views
2020Oct 27
In this interview, I talk to Lightning Network developer and owner of the Shit Bitcoiners Say Twitter account, Rusty Russell. We discuss the lightning network, open-source development, narratives and overzealous Bitcoiners. 00:05:27 Introductions 00:08:04 Lightning and the search for the killer use case 00:15:55 Porn and drugs… 00:18:37 Jack Mallers and Strike 00:21:55 All about Linux 00:29:11 From Linux to Blockstream - Rusty's journey 00:33:08 Number Go Up 00:38:44 Mt Gox and other scams 00:40:55 When Peter got rekt 00:46:41 Bitcoin Fixes This 00:47:16 The "Bitcoin will stop wars" debate 00:50:13 Libertarianism 01:10:19 Peter and Rusty debate Bitcoin over gold 01:13:52 What is Bitcoin for Rusty? 01:16:22 The three phases of Bitcoin 01:20:48 The three groups of bitcoiners 01:25:49 Forking Bitcoin 01:29:08 Peter's experience of mining 01:29:42 Rusty's view on the future of Bitcoin 01:31:00 The hash rate 01:35:25 Shit Bitcoiners Say 01:43:17 Declaration of interests 01:47:30 Why not to speculate on the identity of Satoshi Nakamoto! 01:52:17 Increasing the block size 02:00:12 Final comments WHERE TO FIND THE SHOW → My website: https://www.whatbitcoindid.com/podcast/ → iTunes: https://apple.co/2OOlzVV → Spotify: https://spoti.fi/2ygc4W1 → Stitcher: https://bit.ly/2IQO8fX → SoundCloud: https://bit.ly/2CGSVQR → YouTube: https://bit.ly/2pR3s3g → TuneIn: https://bit.ly/2ywystr LISTEN TO OLD EPISODES → By guest: https://www.whatbitcoindid.com/guests/ → By topic: https://www.whatbitcoindid.com/topics/ → Transcriptions: https://www.whatbitcoindid.com/transc... SUPPORT THE SHOW → https://www.whatbitcoindid.com/sponso... → Become a Patron:   / whatbitcoindid   → Subscribe on iTunes → Leave a review on iTunes → Share the show out with your friends and family on social media → Drop me a line on hello@whatbitcoindid.com WHERE TO FOLLOW ME: → Twitter:   / whatbitcoindid   → Medium:   / whatbitcoindid   → Instagram:   / whatbitcoindid   → Facebook:   / whatbitcoindid   → YouTube:    / whatbitcoindid   → Website: https://www.whatbitcoindid.com/ → Email list: https://www.whatbitcoindid.com/subscr... LEARN ABOUT BITCOIN & CRYPTO: → Step by Step Guide: https://www.whatbitcoindid.com/beginn... → Training: https://www.whatbitcoindid.com/training/ → Resources: https://www.whatbitcoindid.com/resour... **** “This irrational exuberance is where I’m like you know what… calm the fuck down, this stuff is not promised to you, number will not always go up, it is not guaranteed to hit $100k, $288k or whatever fucking number you want and even if it does hit $1 million, you wonder what $1million will be worth at the time.” — Rusty Russell Location: Squadcast Date: Friday 25rd September Company: Blockstream Role: Lightning Network Developer Bitcoiners can be firm in their views and are often called toxic by outsiders; however, this toxicity plays an important role. Bitcoin is a threat to the legacy financial system. It is therefore open to a broad range of attacks from technical to social and Bitcoin's immune system defends against these attacks to protect the protocol. In previous episodes, I have looked at the pros and cons of toxicity and how it acts as an immune system for Bitcoiner. Does this immune system lead to silly narratives going unchallenged? Can Bitcoin fix everything or are we missing critical nuanced debates regarding its potential? Rusty Russell is somewhat of a contrarian in the Bitcoin space. He is a lightning network developer for Blockstream but also runs the Shit Bitcoiners Say Twitter account which regularly calls out some of the more overzealous and outlandish claims by Bitcoiners. In this interview, Rusty and I discuss the lightning network, open-source development, narratives and overzealous Bitcoiners.
The Peter McCormack Show
Peter McCormack

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Peter McCormack

186K subscribers