Episode notes
In this episode of The Van Wirdum Sjorsnado, Ruben Somsen returns to explain his proposal to combine blind merged mining and perpetual one-way pegs in order to create a new type of sidechain. The bad news: it won’t make you rich but it could help scale Bitcoin!
Helpful Links:
Chapters
00:00:00 Ruben returns and the new podcast feed
00:02:44 Blind merged chains and their use cases
00:06:27 How blind merge mining works
00:08:53 Fee bidding, transaction chains and ANYPREVOUT
00:16:52 Censorship, reorgs and security incentives
00:21:28 Covenants inside the transaction scaffold
00:24:38 Burning bitcoin for a perpetual one-way peg
00:29:27 Token price limits and the burned-house objection
00:31:08 Why block space needs value and fees
00:36:04 Separating blockchain technology from speculation
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Follow Ruben Somsen @SomsenRuben
Music:
Song Title: Segwit Sounds
By: The NakamoTones
Album: Citadel Music
Produced by: Bitcoin Audio
