One of our findings are in the paper,
LYN ALDEN & STEVE LEE: Analyzing Bitcoin Consensus: Risks in Protocol Upgrades (THE Bitcoin Podcast)
"One bitcoin from a self-custody investor is basically infinitely more valuable in setting the price than thousands of bitcoin held elsewhere if they aren't able to sell that fork… that's one of the positive findings from our paper is that's actually a rather anti-fragile aspect of the network: that some of the most committed and smaller entities actually have kind of a disproportionate impact compared to some of tho
- READ THE REPORT : https://github.com/bitcoin-cap/bcap
LISTEN EVERYWHERE
Choose your player.
Exact matches use title, publication date, and duration.
FROM THE TRANSCRIPT
Conversation highlights
A quick read from the 19,103-word episode transcript.
1 One of our findings are in the paper, 2 which I think is a very positive finding, 3 is that self-custodied holders have a lot more influence 4 than those really big collective entities, 5 because they can generally act faster.
6 And especially in a hard fork scenario, 7 where investors do have a significant amount of power, 8 acting quickly is very impactful.
9 It's very hard to come back from behind, 10 then no compare to start out strong and then stay strong.
TRANSCRIPT EXPLORER
Read the conversation.
Search the 19,103-word source transcript, then jump straight to the moment.
which I think is a very positive finding,
is that self-custodied holders have a lot more influence
than those really big collective entities,
because they can generally act faster.
And especially in a hard fork scenario,
where investors do have a significant amount of power,
acting quickly is very impactful.
Show notes & resources
"One bitcoin from a self-custody investor is basically infinitely more valuable in setting the price than thousands of bitcoin held elsewhere if they aren't able to sell that fork… that's one of the positive findings from our paper is that's actually a rather anti-fragile aspect of the network: that some of the most committed and smaller entities actually have kind of a disproportionate impact compared to some of those larger entities."
On this Bitcoin Talk episode of THE Bitcoin Podcast , Walker talks with Lyn Alden and Steve Lee about their new report "Analyzing Bitcoin Consensus: Risks in Protocol Upgrades." This paper analyzes the process and risks of how Bitcoin upgrades its consensus rules over time, from a technical and economic perspective. If you’ve ever had questions about how Bitcoin consensus actually works, gotten confused by terms like “economic nodes,” wondered about who the real stakeholders are when it comes to bitcoin upgrades, or been curious about the game theoretical implications of large institutions and governments getting into Bitcoin, this episode is going to answer all your questions and more.
READ THE REPORT : https://github.com/bitcoin-cap/bcap
