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Vlad, Bitcoin Takeover Podcast
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Your Bitcoin influencer’s influencer. Post-maximalist. Now a privacy guy too! Subscribe to the Bitcoin Takeover podcast on Spotify, Apple & YouTube!

Switch servers until one of them works. Someone must have done something with an IP address and got it on the web host’s blacklist.

Gm, yesterday’s strategy worked: I posted a red Supra and we pumped by 0.1% in the last 24 hours.

So here’s another one for the Supra Cycle! 😏

Gm, here’s a green Supra to inspire the market to have more green candles 📈

The Supra Cycle is coming, are you ready for it?

I have a couple of them that I got for free. They are not that bad, but I only treat them as collectibles 😂

Are Ledger hardware wallets really that bad for storing your bitcoin?

Well, yes and no: the good news is that the wallet is still more secure than the average phone/computer wallet setup. Also, the Ledger Recover feature is completely optional and allows users to create their own setup to potentially avoid single points of failure.

But Ledger’s main drawback is that you can’t verify it and compromising the device might be possible via firmware update.

#bitcoin #ledger #trezor #bitbox #hardwarewallet #security https://nostr.build/av/b71711cd982aeb417ccdaa6c26fbcbd2c6d2a438ddec49e991a486b0c9345ecc.mov

There are even bigger corporate and governmental interests for Bitcoin to not scale so millions of users get onboarded via exchanges and never leave their custody due to high fees.

These parties would also be unhappy if Bitcoin gained more privacy/fungibility. Think about the million dollar blockchain analysis contracts that will look silly.

Controlling a majority of the miners is not that easy.

Zcash is really great for privacy, but ZEC the shitcoin has a premine and a dev allocation/grant.

Imho, everyone who starts using it today does it for the shielded transactions and not for the grift. If we had such a Bitcoin layer, it would help with monetary fungibility by making blockchain analysis more of a joke.

The debate about Drivechains is mode political than it is technical.

In practice, every sane bitcoiner wants real sidechains to provide privacy, scalability, speed, more advanced scripting languages, and the opportunity for everyone around the world to own a UTXO and self-custody it in cold storage.

A Zcash sidechain would contribute towards fungibility. A big block sidechain can be used to open and close Lightning channels at the lowest price. An Ethereum sidechain can attract some projects that want to port their code to a more secure Proof of Work chain.

Lots of shitcoins would lose their purpose and get drained of use cases. The exchanges would no longer act as scaling layers to the same degree, as the users won’t have to worry about high fees for their withdrawals.

The 21 million BTC limit also remains unchanged forever, as the fees coming from sidechains would cover the security budget. No more discussions about tail emmission or inflation.

But the issue is that miners refeivr godlike powers in these sidechains and can potentially refuse to release the funds to users or else steal. According to the game theory, miners should follow the economic rationale that maintains their reputation and keeps their revenue source flowing.

But it’s hard to have guarantees when you deal with dynamic actors that follow their incentives and might think short-term.

Lots of parties don’t want miners to gain even more power/control. But the issue is not shitcoinery, that’s only the lazy deflection which doesn’t excuse anyone from not reading.

What’s the ELI5 explanation for Drivechains?

In S14 E10 of the Bitcoin Takeover podcast, Paul Sztorc talks about the basics of BIP 300 & 301: creating Bitcoin sidechains that offer altcoin features, but using BTC instead of a shitcoin.

Listen to the full episode on YouTube, Spotify & Apple Podcasts 🎧

#drivechain #bitcoin #btc #bitcointakeover #bitcointakeoverpodcast #bitcoinpodcast #btctkvr #bip300 #paulsztorc https://nostr.build/av/6bd805515a28621b37a75db597b86b1952b1fb6fe08e6b61f011a9fff7fa6ea7.mov

In S14 E10 of the Bitcoin Takeover podcast, Paul Sztorc argues that it’s “extremely naive and foolish to bet the farm” on Bitcoin being irreplaceable and unkillable.

What do you think?

#bitcoinpodcast #paulsztorc #bitcointakeover #btctkvr #bitcointakeoverpodcast #bitcoin #bip300 #drivechain #sidechain https://nostr.build/av/2f2124b4149f0b238f8048a5be0b5ff07338cb1ffc511e7e287ba7535bfac630.mov

In S14 E10 of the Bitcoin Takeover podcast, Paul Sztorc answers to a series of pressing questions about Drivechains (BIP 300/301).

In this clip, you can hear the Layer Two Labs CEO talk about the issue of a sidechain becoming more dominant than Bitcoin itself – meaning that it processes more transactions, collects more fees, and gets more users than the base layer.

Listen to the entire interview on YouTube! The audio-only version will also get uploaded on Spotify & Apple Podcasts later today.

#drivechain #bitcoin #bip300 #sidechain #bitcoinsidechain #bitcoinpodcast #truthcoin #paulsztorc #bitcointakeover #bitcointakeoverpodcast #btctkvr https://nostr.build/av/143d856964a9ad1a29c49f6f632d6414efb65b23f5c005bedb90f3978521f013.mov

Who is Fadi Barbara and why does he work on a Bitcoin privacy protocol named DMix?

In S14 E8 of the Bitcoin Takeover Podcast, Fadi does his first interview about his research at University of Torino: a protocol that combines Taproot multisigs with CoinJoins to get better privacy against blockchain observers.

Listen to Fadi on Apple Podcasts, Spotify, YouTube & more!

#dmix #privacy #coinjoin #multisig #musig #fadibarbara #bitcoinpodcast #bitcointakeover #bitcointakeoverpodcast #btctkvr #btc #bitcoin https://nostr.build/av/e98e82a7039a0d86a46c19f7b879762a686c5288b194786978c8c5b688eb7ce5.mov

In S14 E7 of the Bitcoin Takeover podcast, Rust Bitcoin maintainer Martin Habovstiak argues that the reason most people don’t run full nodes has nothing to do with the size of the blockchain or the bandwidth requirements to validate.

Instead, he believes that onboarding new first class Bitcoin users is a challenging that mostly concerns user experience and education.

Listen to the entire interview on YouTube, Spotify, Apple Podcasts & more!

#bitcoin #fullnode #bitcoinnodes #podcast #bitcoinpodcast #bitcointakeover #btctkvr #bitcointakeoverpodcast https://nostr.build/av/4d6ba51fddc636506a93599a40d0ad8313882a132196000ac867b2f0e0f6d7f5.mov

Just backed up my Nostr private key on another Cryptosteel Capsule.

Now I know that I won’t be losing my access to my account, as I have another copy for redundancy 😎

Use promo code BTCTKVR to get a 10% discount on your Cryptosteel purchase. It will come in handy for any kind of password, seed phrase, passphrase, or private key.

https://cryptosteel.com/shop/?csr=857

S14 E9 of the Bitcoin Takeover podcast, featuring nostr:npub17u5dneh8qjp43ecfxr6u5e9sjamsmxyuekrg2nlxrrk6nj9rsyrqywt4tp, is now also available across all audio streaming platforms: Spotify, Apple Podcasts, Fountain & more.

I've used LA-2A & 1176 compressors to smoothen the sound and EQ'd the frequencies with a Pulltec. The listening experience should be much better than on yesterday's YouTube livestream 😏

Don't forget to subscribe and leave comments!

#bitcoin #podcast #bitcoinpodcast #selfcustody #casa #multisig #bitcointakeover #bitcointakeoverpodcast #btctkvr

In S14 E7 of the Bitcoin Takeover podcast, Rust Bitcoin maintainer Martin Habovstiak also talks about Bitcoin privacy.

Though he admits that privacy on the base layer is difficult, he presents an idea for the Lightning Network which involves channel factories and zero knowledge about how much money each member has (this way, transactions between members are also private).

However, the setup comes with a counterparty risk and participants are susceptible to lose their coins.

To learn more about exciting proposals to improve Bitcoin, listen to the Bitcoin Takeover podcast on YouTube, Spotify & Apple Podcasts 🎧

#bitcoin #bitcoinprivacy #channelfactory #lightningnetwork #lightningchannel #privacy #bitcointakeoverpodcast #bitcointakeover #btctkvr #bitcoinpodcast https://nostr.build/av/51751069897ce67203b885cd3564705ec1b45ee34e698164588eff8b8a57425c.mov