S15 E46: Peter Todd on Bitcoin Covenants, Tail Emission, OpenTimestamps & Why Lightning Rocks
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Peter Todd is known for being brutally honest: so when it comes to topics such as covenant soft forks, monetary inflation, Bitcoin scaling & privacy, he won't hold back from being critical while expressing his love for the Lightning network.
Time stamps:
Introducing Peter Todd (00:00:41)
Full RBF Discussion (00:01:56)
Free Relay Attack Insights (00:04:05)
Economic Incentives for Miners (00:05:00)
Tail Emission Proposal (00:06:43)
Critique of Fixed Supply Beliefs (00:08:43)
Litecoin, Dogecoin & Tail Emission (00:11:30)
Covenants in Bitcoin (00:13:21)
Covenants and Lightning Network (00:14:21)
Transaction Cycling Attack in Lightning (00:16:02)
State of the Lightning Network (00:17:11)
Discussions on ZK Rollups (00:18:55)
Concerns Over Changing Incentives (00:19:26)
Objections to ZK Rollups (00:20:21)
Drivechains and Politics (00:22:05)
Risks of Miner Politics (00:23:56)
Hashrate Decentralization Debate (00:24:01)
Prediction Markets and Decentralization (00:26:25)
Covenants and Drivechains (00:27:08)
Covenants vs. CTV (00:28:33)
Cashu and Lightning Network (00:29:50)
BitVM and Sidechains (00:31:46)
Excitement About Lightning (00:33:02)
Critique of Fee-Free Transactions (00:34:20)
Peter Todd & John Dillon (00:36:13)
Open Timestamps in 2023 Guatemala Presidential Elections (00:37:41)
Voting Fraud Evidence (00:39:51)
Timestamping the Internet Archive (00:42:33)
Non-Scammy Cryptocurrencies (00:45:30)
Mimble Wimble Extension Block (00:47:57)
The Future of Bitcoin (00:49:05)
Peter's Current Projects and Funding (00:51:02)
Verify this episode
This is the SHA-256 fingerprint of the MP3 as published here, timestamped in the Bitcoin blockchain with OpenTimestamps. If one byte of the file changes, the fingerprint changes.
- SHA-256
9aafa8b24065038258db15d427db4c3fa845034bf303940c0165642118928a79- Proof
- 2024-07-19_s15-e46-peter-todd-on-bitcoin-covenants_tail_emission_opentimestamps.mp3.ots · all episode hashes (proof)
- Status
- Anchored in Bitcoin block 974,312
How to check it yourself
- Download the MP3 and the proof into the same folder.
- Run
sha256sum 2024-07-19_s15-e46-peter-todd-on-bitcoin-covenants_tail_emission_opentimestamps.mp3(on a Mac:shasum -a 256 2024-07-19_s15-e46-peter-todd-on-bitcoin-covenants_tail_emission_opentimestamps.mp3). The result must match the SHA-256 above. - Install the OpenTimestamps client (
pip install opentimestamps-client) and runots verify 2024-07-19_s15-e46-peter-todd-on-bitcoin-covenants_tail_emission_opentimestamps.mp3.ots. It hashes the MP3 again and checks the proof against your own Bitcoin node, then prints the block and the date the file existed by. Without a node,ots info 2024-07-19_s15-e46-peter-todd-on-bitcoin-covenants_tail_emission_opentimestamps.mp3.otsshows the block height to look up in any block explorer.
Keywords from the feed: Peter Todd, Bitcoin, Bitcoin Covenant, Bitcoin Upgrade, Bitcoin Soft Fork, Monero, Zcash, Litecoin, Bitcoin Developer