Bitcoin Takeover Podcast
BTC Takeover
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S16 E60
Jonathan Bier on Bitcoin Civil Wars & BitMEX Research
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Chapters
01:11 Introducing Jonathan Bier and Blocksize War Book
02:44 Meeting BitMEX Founders and Starting Research
05:31 Arthur Hayes' Blog Writing and Vision
07:32 BitMEX Success: Leverage, Perpetual Swaps, Troll Box
10:43 FTX Copying BitMEX and Backend Issues
11:20 Binance's Rise and Market Dominance
13:49 BitMEX's Slow Adoption of Stablecoins
16:39 Current BitMEX Volumes and Rankings
17:39 History of Bitcoin Derivatives and Innovations
23:49 Jonathan's First Bitcoin Encounter in 2010
26:12 2011 Bubble and Mt. Gox Scandal
28:02 Views on Bitcoin Bubbles and Valuations
30:19 Ad: Bitcoin.com News
31:00 Layer 2 Labs Question: Is Lightning a Waste?
32:08 Lightning Network Success and Limitations
35:02 Scaling Challenges and Sidechains
37:30 Current Filter Wars and Ordinals/Inscriptions
39:40 History of Relay Policies and RBF
43:49 OP_RETURN Limits and Debates
47:04 Bitnod.es Website and Node Peers
48:39 Ineffectiveness of Filters
50:00 Super TestNet's Bandwidth Argument
51:42 Generational Crusades in Bitcoin
1:01:55 London Meetup Stories and Fanaticism
1:15:00 Loss of Merchants Post-Blocksize War
1:18:13 Ethereum Benefiting from Bitcoin Decisions
1:18:48 2014 OP_RETURN Wars and Counterparty
1:23:03 Reasons Counterparty Failed
1:27:31 Mastercoin, First ICO, and Omni/Tether
1:29:37 Zcash Launch and BitMEX Futures Shenanigans
1:33:26 Ethereum DevCon 2016 Attack Story
1:35:04 Conferences Then vs Now
1:38:00 Cultural Divide in Bitcoin Maxis
1:39:46 Misconceptions About Bitcoin Core Developers
1:43:25 Youth of Early Developers Like Tamas
1:46:59 Criteria for Developers and Unicorn Myth
1:48:41 Educators in Bitcoin History: From Satoshi to Saylor
1:52:05 Dumbing Down of Bitcoin Narratives
1:55:34 Past Idiocy and Learning Curves
1:56:50 BIP 444 Dangers and Ineffectiveness
2:00:59 Irony of Anti-Spam Fork and Spam Magnets
2:01:22 Parallels to Blocksize Wars, Bitcoin Cash Price Peaks
2:03:30 Excitement and Fear During BCH Surge
2:04:28 Reasons Big Blockers Couldn't Compete, Craig Wright's Role
2:05:16 Satoshi's Response to Scaling Concerns (2008)
2:06:05 Jeff Garzik's Early Block Size Proposal (2010)
2:07:33 Early Onchain Exchanges and Scaling Realization
2:07:58 Defining Small Blocker vs Big Blocker
2:08:56 Surplus Capacity in Blocks Debate
2:10:10 Cultural Biases: Technical vs Business Sides
2:11:32 Competent Developers on BCH Side, Inflation Bug
2:12:35 Block Size Numbers Not the Core Issue
2:13:29 Modern Block Size Increase Justification
2:14:15 Hard Forks Unlikely, Quantum Signatures
2:15:03 James O'Beirne's Block Size Presentation
2:15:54 Filter Wars Impact on Future Changes
2:17:13 Spam as Reason Against Block Size Increase
2:18:18 Quantum Safe Spending Proposal
2:19:31 Fee Market vs Crusades Against Spam
2:20:45 Craig Wright's Unintentional Help to Small Blockers
2:22:04 Jihan Wu's Dislike of Craig Wright
2:23:34 ASIC Boost Role in BCH Creation
2:24:50 Covert vs Overt ASIC Boost Explained
2:30:00 Treasuries and MicroStrategy Debt Structures
2:35:00 Bitcoin Treasuries vs Ponzi Schemes
2:40:00 Balancing Professional Life and Cypherpunk Roots
2:42:31 Advisor Roles: Bitwise, Brink, Maelstrom
2:53:16 Privacy Tools: Payjoin, Silent Payments, CoinJoin
2:54:41 Ethereum vs Bitcoin on Privacy Support
2:55:45 Ross Ulbricht Pardon and Government Misconduct
3:00:13 Curtis Green's Torture and Fake Death
3:03:00 Aaron Swartz Comparison
3:04:29 Cypherpunk Culture Not Scaling
3:05:53 ETFs as Bitcoin Scaling Layer
3:07:39 IBIT vs WBTC Similarities
3:09:00 Three Legit Altcoins: Monero, Dogecoin, Litecoin
3:10:02 Satoshi's Views on Block Sizes
3:11:02 Closing and Follow Jonathan Bier
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