In this episode, I talk with Bitcoin legend Peter Todd. We talk about the essence of Bitcoin, why it worked whether other attempts at digital currencies failed as well as key topics...
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In this episode, I talk with Bitcoin legend Peter Todd. We talk about the essence of Bitcoin, why it worked whether other attempts at digital currencies failed as well as key topics such as fungibility, lightning and why other projects are scams.
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*****
“Anyone who understands economics and finance and how markets work will be a maximalist because it is more efficient to have one currency than a bunch of ones.”
— Peter Todd
There were many attempts at creating a digital currency before Bitcoin, all failing for different reasons. Bitcoin brought together a number of ideas to solve the double spending which has enabled it to flourish for over a decade.
Peter Todd is one of a select few who can think about and understand Bitcoin at such a level that they can hold influence over ideas for its evolution.
I managed to get the chance to sit down with Peter at Tone Vays Unconfiscatable conference in Las Vegas and discuss the history of Bitcoin, why it worked when other digital currencies failed. We also discuss other relevant topics in the world of Bitcoin including scaling, Lightning and Fungibility but we also consider why other projects are scams and should not be trusted.
*****
00.02.30: Intro and welcome
00.03.13: How Peter got involved as a teenager with digital currencies
00.05.30: Peter’s ideas for created digital money
00.06.44: Why Bitcoin was the solution
00.11.09: What is Bitcoin
00.12.22: Peter’s early involvement with Bitcoin and view on Bitcoin after 10 years
00.17.23: Scaling and block size
00.21.12: Security risks with Bitcoin, mining rewards and inflation
00.27.19: Problem with Ethereum
00.40.24: The use cases for a blockchain: Bitcoin and Stablecoins
00.41.50: Privacy coins
00.47.13: Ripplecoin
00.49.28: Incentives for developers
00.52.55: Bitcoin Core architecture
00.54.42: Fungibility
00.58.05: Open Timestamps
01.03.19: Thoughts on journalism
01.05.59: Censorship
