Episode notes
Today we are joined by John Light to discuss how the novel introduction Validity Proofs to Bitcoin could increase mining fee revenues. We also get into the costs for full nodes and if there’s a silver bullet scaling solution.
John Light: https://twitter.com/lightcoin
Will Foxley: https://twitter.com/wsfoxley
TIMESTAMPS:
00:00 Start
00:27 Intro
01:08 Human Rights Foundation Grant
03:41 What's the problem?
06:29 Validity proofs
11:40 Architecture needed to work
14:07 Scaling vs Tx throughput
17:04 What's this mean for miners?
22:23 Higher throughput & cheaper fees?
28:12 Burden for full nodes
38:44 Full node storage costs
45:12 Other solutions
52:52 Promoting new optionality
MINE
Start mining your own bitcoins with Compass. https://bit.ly/3CehBf1
WATCH https://youtube.com/c/CompassMining?sub_confirmation=1
LISTEN
Apple Podcasts https://apple.co/3fNfrdi
Spotify https://spoti.fi/3tSf9G1
Amazon https://amzn.to/3557cqg
Anchor https://bit.ly/3rmb7UF
Fountain https://bit.ly/3NeNTec
LEARN
Every week, Compass sends a memo to over 18,000 professional miners and investors with the most important news and data in cryptocurrency mining. Get the free newsletter in your inbox too: https://bit.ly/3vOGzxD
FOLLOW
Twitter: https://twitter.com/compass_mining
LinkedIn: https://www.linkedin.com/company/compassmining
Learn more about your ad choices. Visit megaphone.fm/adchoices
