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Thomas Voegtlin: Blocksize, Bitcoin Unlimited, ASICBoost and Activating SegWit

Thomas Voegtlin: Blocksize, Bitcoin Unlimited, ASICBoost and Activating SegWit

FromEpicenter - Learn about Crypto, Blockchain, Ethereum, Bitcoin and Distributed Technologies


Thomas Voegtlin: Blocksize, Bitcoin Unlimited, ASICBoost and Activating SegWit

FromEpicenter - Learn about Crypto, Blockchain, Ethereum, Bitcoin and Distributed Technologies

ratings:
Length:
64 minutes
Released:
Apr 18, 2017
Format:
Podcast episode

Description

Years into the great Bitcoin scaling debate no solution is in reach. Neither bigger blocks nor Segregated Witness have anywhere near consensus support. With the conflict escalating, a Bitcoin fork has become a real possibility.
Electrum Developer Thomas Voegtlin joined us to discuss the state of the Bitcoin scaling debate. We discussed Bitcoin Unlimited, ASICBoost, SegWit activation without miner support and how a Bitcoin fork could play out. Possible outcomes include that Bitcoin Unlimited gains a majority of hashing power and starts mining bigger blocks. In the event of a fork, a proof-of-work change could be done to defend the minority chain from miner attacks. And lately a proposal was brought forward to activate SegWit without the support of the hashing power.
Topics discussed in this episode:

ASICBoost and its potential role in the conflict
How a Bitcoin fork could happen
How to split coins in case of a fork
How UASF could be used to activate SegWit without miner support
Requirements for UASF to be safe
How Electrum would handle a fork

Episode links:

Electrum Bitcoin Wallet
ASICBoost – Hacker Noon
Bitcoin's New Controversy: The AsicBoost Allegations Explained - CoinDesk
Timo Hanke on ASICBoost and SegWit Non-Activation
From AsicBoost to UASF: Greg Maxwell on Bitcoin's Path Forward - CoinDesk
[bitcoin-dev] Thomas Voegtlin: Soft Fork Threshold Signaling Proposal
UASF Working Group
[bitcoin-dev] Greg Maxwell: I do not support the BIP 148 UASF
Thomas Voegtlin: Electrum, SPV Wallets And Bitcoin Aliases — Epicenter

This episode is hosted by Brian Fabian Crain and Sébastien Couture. Show notes and listening options: epicenter.tv/179
Released:
Apr 18, 2017
Format:
Podcast episode

Titles in the series (100)

Epicenter brings you in-depth conversations about the technical, economic and social implications of cryptocurrencies and blockchain technologies. Every week, we interview business leaders, engineers academics and entrepreneurs, and bring you a diverse spectrum of opinions and points of view. Epicenter is hosted by Sebastien Couture, Brian Fabian Crain, Meher Roy, Sunny Aggarwal, and Friederike Ernst. Since 2014, episodes have been downloaded over 4 million times.