Podcast Episode Details

History of Drivechains & the Problem with Bitcoin Governance | with Paul Sztorc

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Season 1 Episode 33

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We love gleefully controversial figures on this show—and Paul Sztorc is no exception.

One of the most outspoken and alternative thinkers in Bitcoin, Paul proposed BIP300/301—a softfork mechanizing the creation and removal of trustless Bitcoin sidechains, aka “Drivechains,” in late 2022.

While the proposal received diverse reception from prominent Bitcoiners “across the aisle,” it’s clear that activating such a significant change to Bitcoin—when Core itself can barely push through minor relay policy changes without blowback—will be an uphill battle at best.

Paul’s social and political experiences throughout this process reflect what he calls a key Bitcoin “derangement,” that is, a cultural and ideological challenge impeding Bitcoin’s effective development.

We discuss these “derangements” - along with how he and Layer Two Labs plan to handle them - in depth on the show.

This episode is powered by Best In Slot, the leading API for Ordinals and BRC20 data aggregation and indexing — as well as Citrea, a leading Bitcoin Rollup technology and contributor to the BitVM alliance.

📌 Timestamps

00:00 – Intro

01:39 – Libertarian Roots and Early Bitcoin Skepticism

17:45 – Peter Schiff’s Crisis Explanation

20:15 – The Silk Road Article That Convinced Paul

32:40 – The Birth of Truthcoin

38:08 – Challenges and Shifts in Blockchain Development

42:45 – Drivechain: Concept and Controversies

01:11:40 – Bitcoin Governance and BIP 300/301

01:46:56 – Layer Two Labs: Innovations and Privacy

01:51:49 – Governance Challenges in Bitcoin

01:59:29 – Future of Drivechain and Final Thoughts

02:07:57 – Ordinalization of Soft Forks

02:11:35 – Message to Core Devs and Final Thoughts

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Published on 2 weeks, 1 day ago