35:28 if you increase the block size it will also be full... regardless of the size it will always be full. You can think to the game theory behind this.
If you told me up front that they were going to spend the first 20 minutes talking about football then I wouldn’t have listened but it was a really interesting conversation and I’m glad I did. Looking forward to hearing how your team does over time
I am a MidWest American footballer thru-and-thru, who knows little to nothing about the sport of soccer, but I will be an investor in Bedford football because I love the way you framed it as "our" team... that is a beautiful Vision Peter.. I love it. LFG
RE: 26:36 Andrew's comment was on the bitcoin-dev mailing list: Unfortunately, as near as I can tell there is no sensible way to prevent people from storing arbitrary data in witnesses without incentivizing even worse behavior and/or breaking legitimate use cases. If we ban "useless data" then it would be easy for would-be data storers to instead embed their data inside "useful" data such as dummy signatures or public keys. Doing so would incur a ~2x cost to them, but if 2x is enough to disincentivize storage, then there's no need to have this discussion because they will will be forced to stop due to fee market competition anyway. (And if not, it means there is little demand for Bitcoin blockspace, so what's the problem with paying miners to fill it with data that validators don't even need to perform real computation on?). But if we were to ban "useful" data, for example, saying that a witness can't have more than 20 signatures in it, then we are into the same problem we had pre-Taproot: that it is effectively impossible construct signing policies in a general and composeable way, because any software that does so will need to account for multiple independent limits. We deliberately replaced such limits with "you need to pay 50 weight for each signature" to makes this sort of analysis tractable. There's a reasonable argument that this sort of data is toxic to the network, since even though "the market is willing to bear" the price of scares blockspace, if people were storing NFTs and other crap on the chain, then the Bitcoin fee market would become entangled with random pump&dump markets, undermining legitimate use cases and potentially preventing new technology like LN from gaining a strong foothold. But from a technical point of view, I don't see any principled way to stop this.
I need to learn how to have more balance in my life. I’m not hugely interested in football but I’m happy for those that are. Great show man. Live life and love it.
Yo loved the football talk and the overall chat, I’m personally not into football much but still great to hear how things are going with that for sure as I support what you’re doing, would like more back story on the bar you brought? Or have I missed something? Only stack Bitcoin and love Nic, sick episode man, keep it up
Just click the screen so the pause sign comes up then press the text at the bottom of the screen and the video chapters will come up.. You can skip ahead of the football talk and start of bitcoin related discussions.
“next time I’ll come to Bedford”. Who has three days round trip to sit for a couple hour interview? Im beginning to believe there is more money talking in the Bitcoin Bro celeb circle than actively working in Bitcoin - quite removed from real world folk. Of course, envy drives my comment, and the info provided is insightful.
Didn’t want to listen to Nic, cause I felt he lost it and went total egomaniac. However, I al glad a put my prejudice aside and listened anyway, I enjoyed it a lot, and agreed with more than 90% of what he had to tell, and he seemed quite humble to me. So thanks again Peter for bringing us good guests and content.
You should do a Separate broadcast updating the public on Bedford football. Honestly, SJW Peter, maybe there is a market for it, but it shouldn’t occupy the first 24 min of the show
I know you guys do not like XRP, but you should get John Deaton on anyways. He is fighting the good fight for everyone including Bitcoiners. He has real experience with the SEC and the politicians who are trying to choke this business.
Dude I think you’re crazy if you stop talking about what you enjoy. This whole thing is the story of what Bitcoin did..AKA what Peter did. As a human using Bitcoin = What Bitcoin Did. I’m happy if Peter is happy…and especially passionate. The soccer stuff is fascinating, its a great story, and Peter has done enough for this community to rant about his passion projects for 10-20 mins.
Ya’ll acknowledged the audience doesn’t love when you go off on side topics, then spent 1/3 the episode talking about football. This was a boring episode.
Bitcoin is lousy money....for now. Why? Why do I say this? Because Bitcoin (Ethereum is the same, for what it's worth) DEflates rather than INflates, then anyone holding bitcoin thinks that if they get some BTC and HODL, then can imagine that their stake will increase in value; maybe holy crap fuck ton! If people are incentivized to hodl, then bitcoin is an investment asset/commodity, but not really money. In emergencies, like the Canadian trucker thing, BTC can be used as money, but normally, it's like oil or gold. It's an investment commodity, not money.
It has to reach its stable value ($5M+) before it can be used as a unit of account/currency. And why would you want to sell it for goods and services while there's still dirty fiat you can sell? Once most people are heavily invested in it (which is the natural result of the built-in NGU tech), there will be an increasing demand to transact in it directly, rather than having to exchange for fiat first.
FYI Peter, I LOVE the football talk. Great to hear how it's going.
I find it boring but I know it keeps it real. I appreciate the passion at least.
Thanks homie, it is a Bitcoin project, just remember that
I love getting updates about the Bitcoin football team.
Ayo. haven't watched yet, but wanted to say: I'm a Hardcore Toxic Bitcoin Maximalist and I love some Nic Carter.
35:28 if you increase the block size it will also be full... regardless of the size it will always be full. You can think to the game theory behind this.
BCH has yet to prove that correct so far..
If you told me up front that they were going to spend the first 20 minutes talking about football then I wouldn’t have listened but it was a really interesting conversation and I’m glad I did. Looking forward to hearing how your team does over time
Starts around 24:00. Peter likes ordinals as much as most of us like soccer talk
First time listening to NIc. He is great.
Bitcoin Show starts at 24:00
First 24 Min is just Football-Blabla
Nic is one of my most fav characters in Bitcoin.
I am a MidWest American footballer thru-and-thru, who knows little to nothing about the sport of soccer, but I will be an investor in Bedford football because I love the way you framed it as "our" team... that is a beautiful Vision Peter.. I love it. LFG
1:05:38 stuff like this is Gold. Thanks for this wonderful session you guys put on today.
With ordinals Bitcoiners are gonna be obligated to open their minds and relax their fundamentalism
Bitcoin will collapse if it tries to become more than money. that's the most powerful thing in the world; if that is compromised, it's over.
Ahoy Nic, another top show Pete.
RE: 26:36 Andrew's comment was on the bitcoin-dev mailing list:
Unfortunately, as near as I can tell there is no sensible way to prevent
people from storing arbitrary data in witnesses without incentivizing
even worse behavior and/or breaking legitimate use cases.
If we ban "useless data" then it would be easy for would-be data storers
to instead embed their data inside "useful" data such as dummy
signatures or public keys. Doing so would incur a ~2x cost to them, but
if 2x is enough to disincentivize storage, then there's no need to have
this discussion because they will will be forced to stop due to fee
market competition anyway. (And if not, it means there is little demand
for Bitcoin blockspace, so what's the problem with paying miners to fill
it with data that validators don't even need to perform real computation
on?).
But if we were to ban "useful" data, for example, saying that a witness
can't have more than 20 signatures in it, then we are into the same
problem we had pre-Taproot: that it is effectively impossible construct
signing policies in a general and composeable way, because any software
that does so will need to account for multiple independent limits. We
deliberately replaced such limits with "you need to pay 50 weight for
each signature" to makes this sort of analysis tractable.
There's a reasonable argument that this sort of data is toxic to the
network, since even though "the market is willing to bear" the price of
scares blockspace, if people were storing NFTs and other crap on the
chain, then the Bitcoin fee market would become entangled with random
pump&dump markets, undermining legitimate use cases and potentially
preventing new technology like LN from gaining a strong foothold. But
from a technical point of view, I don't see any principled way to stop
this.
I need to learn how to have more balance in my life. I’m not hugely interested in football but I’m happy for those that are. Great show man. Live life and love it.
I’m grateful for the show notes so I can get to the gooods
Nic should learn how to do a Clark Gable impersonation in order to entertain us boomers.
Love the mix of the football team chat and bitcoin. It shows real world stuff. Very interesting journey for Pete.
Nic and Lynn deserve the most shows
59:00 Cayman Islands.. that's where Raoal Paul is. Definitely related in some way.
Nic is my favorite guest
Yo loved the football talk and the overall chat, I’m personally not into football much but still great to hear how things are going with that for sure as I support what you’re doing, would like more back story on the bar you brought? Or have I missed something? Only stack Bitcoin and love Nic, sick episode man, keep it up
Peter you remind me of Eric Cantona.
Great show, great guest, loved it.
Amazing episode on the Bitcoin piece. Nic is very knowledgeable
Nic is a global treasure
Love Nic but preferred the old Nic. Hopefully he finds the balance between the different Nics.
great see Nic back on show
Good show. I think you should do a full show about Real Bedford. It would be very interesting
Spot on chat gents. Love the football talk.
Eff the haters. Love the football ⚽️🏴☠️ talk!!!! 🧡
for someone who claims to be brain dead, nic seems pretty f**king sharp to me -- fun interview
Dude, please, start cutting down on idle chatter. Take them to the backroom and give them a tuggy if you don't know how to start.
Just click the screen so the pause sign comes up then press the text at the bottom of the screen and the video chapters will come up.. You can skip ahead of the football talk and start of bitcoin related discussions.
100%
Breaks the ice. Of watching love it could be annoying. Those watching afterwards I just fast forward
Just fast forward
easy on the shade. use the timestamps and you can skip right over it 😂
Football talk puts me off
The football talk is a Bitcoin project
Video starts at 23:14
Why no mention of BIP-300?
I loved the football chatter!
Great stuff Peter. Make it another 14.
Came for the football, stayed for the bitcoin.
Buying more Bitcoin
hahahaha you guysssss.. Your opening thoughts about Miami are ironically hilarious. Great episode nonetheless
I have too much brain damage from arguing on the internet .... 😃I threw a pickle ball event!
9:43 that means WBD is making on average a little less than 7 grand per episode, nice one guys :)
Smart guy, I appreciated the itw even if we heard a lot about football 😁
Nic Carter is quite interesting,one thing about him he is relentless in a good way,contrarian,it’s cool you had him on the show.
Nic is the only person who could persuade me to a) go to Bedford or b) watch a football game. And that is saying something
liked the football chat
Pls invite Dennis Porter doing great work behind the scenes
Good to see the Clark Gable of Bitcoin back on your show...I thought he was 'Gone With The Wind"
I like the football talk. It is a Bitcoin project and I think more people could take inspiration and do similar projects
“next time I’ll come to Bedford”. Who has three days round trip to sit for a couple hour interview? Im beginning to believe there is more money talking in the Bitcoin Bro celeb circle than actively working in Bitcoin - quite removed from real world folk. Of course, envy drives my comment, and the info provided is insightful.
I love this
Impressive, Nic
1:03:11 I hope for Crypto that de Santis is not going to be "de Santos"
@Nic, where exactly is the bad part of the Gables? 🤣
Didn’t want to listen to Nic, cause I felt he lost it and went total egomaniac.
However, I al glad a put my prejudice aside and listened anyway, I enjoyed it a lot, and agreed with more than 90% of what he had to tell, and he seemed quite humble to me.
So thanks again Peter for bringing us good guests and content.
I have zero interest in sports, lol.
I assume the anti-footie talk here comes from the bitcoin up crowd.
"Yes, but when will I get rich?"
MY 🌠
You should do a Separate broadcast updating the public on Bedford football.
Honestly, SJW Peter, maybe there is a market for it, but it shouldn’t occupy the first 24 min of the show
You could get to $10m quicker if you give up your $250 sweatshirts lol.
Finally, some Alpha 💪🏽
What happened to the glasses, Nic🤓
At min 47 you say oh yeah, chokepoint, we can talk a bit abt that...
I know you guys do not like XRP, but you should get John Deaton on anyways. He is fighting the good fight for everyone including Bitcoiners. He has real experience with the SEC and the politicians who are trying to choke this business.
Rising star
Bring back Willie Woo! We need his energy
Stacks and Liquid.... L 1.5
why didnt you ask him if his star is still rising?
Sell BTC ordinal for shares of ownership!
Please release a version without football talk. Thx.
No
Zero signal
His star is still rising
Without the chokepoint 2.0 the US might not recover from the recession that easily.
Does nick still like turtles?
👍
first30minnotbitcoin
Dude I think you’re crazy if you stop talking about what you enjoy. This whole thing is the story of what Bitcoin did..AKA what Peter did. As a human using Bitcoin = What Bitcoin Did.
I’m happy if Peter is happy…and especially passionate. The soccer stuff is fascinating, its a great story, and Peter has done enough for this community to rant about his passion projects for 10-20 mins.
bitcoin will collapse if it tries to become more than money
Nope! Part of the problem - not part of the solution... nothing you will facilitate will change that with him Pete.
Nic, nic does not raise your IQ. Don’t encourage kids to start! Great show tho.
Wow first 20 mins talking football ... 🤔
40mins in and not a word about your title of chokepoint. This conveys disrespect for audience.
Ya’ll acknowledged the audience doesn’t love when you go off on side topics, then spent 1/3 the episode talking about football. This was a boring episode.
stop talking about football lol
No
Lose the stache nick
Ryan reynolds is cool but he's max cringe. Not funny at all
Bitcoin is lousy money....for now. Why? Why do I say this?
Because Bitcoin (Ethereum is the same, for what it's worth) DEflates rather than INflates, then anyone holding bitcoin thinks that if they get some BTC and HODL, then can imagine that their stake will increase in value; maybe holy crap fuck ton! If people are incentivized to hodl, then bitcoin is an investment asset/commodity, but not really money. In emergencies, like the Canadian trucker thing, BTC can be used as money, but normally, it's like oil or gold. It's an investment commodity, not money.
Bitcoin is both.
It has to reach its stable value ($5M+) before it can be used as a unit of account/currency. And why would you want to sell it for goods and services while there's still dirty fiat you can sell?
Once most people are heavily invested in it (which is the natural result of the built-in NGU tech), there will be an increasing demand to transact in it directly, rather than having to exchange for fiat first.