Dec 9, 2018
If you follow the crypto world like I do, it seems almost a little bit ridiculous sometimes with all of these personalities threatening each other and massively volatile digital asset prices.
My friend Teeka Tiwari calls these conflicts the “nerd wars” and thinks we should ignore the noise. I tend to agree in the larger scheme of things. However, I do think that this kind of chatter hurts the evolution of this asset class.
In times like these it is important to understand that underlying all of this stuff is a world-changing technology—blockchain—and it was all started by one white paper authored by Satoshi Nakamoto.
That white paper gave us one of the most elegant ideas of the century. It’s called bitcoin. Over time, it is my opinion that we will see bitcoin evolve into something of tremendous significance.
However, we aren’t their yet and part of the issue is that we are still in the early stages trying to understand how we can unleash all of its potentials.
As a payment system, it has run up against some challenges with regard to scaling. How do you keep this elegant system intact while making it something that can be used for everyday transactions?
This question ultimately led to a major schism in the bitcoin community in August of 2017 which led to the split between bitcoin and bitcoin cash.
I have been trying to get someone to intelligently speak about the issues surrounding the scaling of bitcoin and I was fortunate to find one of the brightest minds in the field, Samson Mow from Blockstream. Listen now to hear how he thinks bitcoin should be scaled.