The bitcoin ‘ossification’ debate continues with a discussion on the key considerations. What makes Bitcoin special? What improvements are necessary to retain sufficient decentralisation, if any? 

Vijay Boyapati and Brandon Black (aka reardencode) rejoin me for a special episode to discuss: 

• What makes Bitcoin special? 
• Defining ‘ossification’
• How many users is ‘enough’? 
• Unknown unknowns
• Addressing centralising MEV concerns
• Soft forks and hard forks
• Economic nodes and who holds the power
• Where to from here

Timestamps:

(00:00) – Intro

(01:54) – What makes Bitcoin Special? ft. Vijay

(09:37) – Verifiability & decentralisation of Bitcoin ft. Brandon

(14:31) – When do we stop ‘changing’ bitcoin?

(15:17) – Revisiting the blocksize wars & importance of self sovereignty

(20:45) – Libertarian principles of Bitcoin

(23:48) – ‘Sufficiently decentralised’ Bitcoin

(26:42) – Defining ‘Ossification’ of Bitcoin

(30:56) – Sponsors

(34:11) – Economic interests in upgrading Bitcoin nodes

(43:40) – Bitcoin is a Trojan horse

(47:15) – Can we rule out ‘Unknown unknowns’?

(50:49) – Concerns over centralising MEV

(1:00:17) – Whose chain is it anyway?

(1:05:14) – Resisting soft forks and hard forks

(1:16:49) – Closing Thoughts

Links:

• X: @real_vijay
• Bullish Case for Bitcoin: Swan.com/bullish
• X: @reardencode

Prior episodes:

• Rusty – Great Script Restoration
• Brandon Black – Are Covenants necessary for Bitcoin
• TXHASH Steven Roose
• Matt Corallo and Steve Lee Great Consensus Cleanup

Sponsors:

• Swan.com (code LIVERA)
• CoinKite.com (code LIVERA)
• Mempool.space

Stephan Livera links:

• Follow me on X: @stephanlivera
• Subscribe to the podcast
• Subscribe to Substack