Bitcoin Takeover Podcast
BTC Takeover
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S1 E1
S1 E1 Remastered: Donald McIntyre on Bitcoin, The Teachings of Tim May & Nick Szabo, and the History of Money
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02:45 Introduction: who is Donald McIntyre
04:49 Was Bitcoin inevitable?
06:29 10,000 years of top-down structures vs 3.5 million years of evolution
08:27 Cypherpunks: Chaum, Tim May, Nick Szabo
09:43 The ancient desire for unconfiscatable money
11:55 Bitcoin as a bottom-up system
12:39 Living in a dual world: banks vs private keys
15:02 Trusted third parties are security holes
16:40 Nick Szabo’s social scalability explained
18:27 Why banking excludes: the unbanked in the US and Latin America
20:14 Privacy, intelligence agencies & the false sense of security
21:13 Is Bitcoin enough to make people demand decentralization?
23:23 Asia’s interest in Ethereum Classic & immutability
24:51 Mt. Gox, breaches & untrustworthy third parties
25:57 Not your keys, not your coins
27:28 JP Morgan’s building & the marketing of strength
28:45 The instant gratification bribe
29:58 The tradeoff: security means inefficiency
31:27 The high performance fallacy
32:26 Decentralization theater & scammers
33:48 Hyperbitcoinization: elites first or the people who need it?
36:26 The jet set analogy: how technologies bootstrap
40:54 The Lindy effect
41:47 The geeks got in before the bankers
43:25 The token as intrinsic to the protocol
46:27 Bitcoin as a biological invention
47:02 How Nick Szabo thinks (and why he went to law school)
48:38 Shelling Out: the origins of money
51:20 The 150-person brain & money as a bridge between strangers
52:39 Dawkins & reciprocal altruism
53:52 Stone tools, subjective value & the first trade
56:15 Reading Szabo 30 times: one article = six months of university
1:00:52 Lomekwi, Oldowan & Acheulean: Donald’s stone tool theory
1:03:42 Stashes of hand axes as prehistoric vaults
1:04:58 Is money millions of years old?
1:07:51 Darwin, Dawkins & John Maynard Smith
1:08:31 The logic of animal conflict
1:10:53 Territory, asymmetry & conflict minimization
1:12:08 Money as a conflict minimization device
1:12:36 Bitcoin’s game theory & the Byzantine generals problem
1:15:32 Chimpanzees, bipedalism & why our brains grew
1:17:19 Bitcoin carnivores
1:17:40 Szabo & Satoshi: the Newton-Leibniz parallel
1:19:23 Satoshi’s credits: bit gold, RPOW, Hashcash, b-money
1:19:59 The mystery of Wei Dai
1:20:54 Remembering Tim May
1:21:53 The JW Weatherman interview & the CoinDesk piece
1:23:40 Tim May as the father figure who was never satisfied
1:24:39 Why not David Chaum? The Elixxir disappointment
1:26:35 Never underestimate the elders
1:28:08 What the cypherpunks built: Tor, WikiLeaks, BitTorrent
1:30:17 Napster, Megaupload & the raid in New Zealand
1:30:30 Cryptography as a wall: violence made useless
1:34:10 The shifting Ethereum narrative
1:35:27 World computer: a marketing confession
1:38:11 The spectrum from marketers to scammers
1:39:59 The DAO fork fight & leaving for Ethereum Classic
1:40:44 What Ethereum Classic adds to Bitcoin
1:41:17 Liquid & RSK: glorified trusted third parties
1:41:57 Turing completeness on the base layer
1:43:48 The future: four or five networks
1:44:26 ETC’s monetary policy: 210 to 230 million
1:46:19 The 51% attack that happened that week
1:47:48 220,000 ETC, 15 double spends & 5,000 confirmations
1:49:15 The $5,000 ETC thesis
1:50:37 What happens when Ethereum moves to proof of stake
1:51:37 ProgPoW, the issuance cut & doing everything wrong
1:52:16 The Nick Johnson poll on reversing double spends
1:52:54 The Parity bailout & the precedent of the DAO
1:54:53 Bitcoin: soft forks, Schnorr & the SHA-256 exception
1:57:09 Governments will never voluntarily give up fiat
1:59:14 Donald’s criticisms of Bitcoin
2:00:02 The 21 million cap as a political decision
2:01:13 The miner lobby scenario, 40 years from now
2:02:09 Merge mining, drivechains & the super miners
2:02:14 Miners as the future Google and Apple
2:04:46 Paul Sztorc, Truth Coin & the guest suggestion
2:05:40 “Do you think I have a chance with Nick Szabo?”
2:06:31 The selfish joy of podcasting
2:09:51 Enlightening, a Lightning pun & goodbye
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