Steve Lee from Spiral and Ren from Electric Capital join The Gwart Show to talk Bitcoin consensus! We cover how Bitcoin changes, stakeholder weight, and the future of protocol upgrades like covenants.

Follow our guest on Twitter: @moneyball @0xren_cfRead our paper: https://bitcoin-cap.github.io/bcap/

00:00 Start01:00 Introductions03:01 Partnering for the paper04:25 Motivation to write paper08:17 Reluctance to define a BTC consensus process12:20 Defining the stakeholders13:48 Consensus game theory15:51 Blocksize war20:36 Learnings from the Blocksize War22:33 Signaling & other activation routes26:13 Bounty claim attack29:44 Are miners up to speed on covenants?31:59 measuring state of mind34:38 Education36:45 Self custody = power40:59 Role of influencers45:20 Current state of possible changes49:39 Echo chambers vs reality53:42 Will we get to a breaking point?58:16 OP_CAT1:01:44 Productive paths to change1:04:47 What does Bitcoin NEED?

👋The Gwart Show is sponsored by Ellipsis Labs. Ellipsis Labs is building Atlas, the blockchain purpose-built for verifiable finance. You may know of Ellipsis Labs by their first product Phoenix, a fully on-chain orderbook DEX that’s done over 50 billion dollars in unincentivized volume. If you’re interested in working for a mission-driven company, Ellipsis Labs is hiring engineers passionate about crypto and finance to work on Atlas. You can learn more and apply on Ellipsis Labs’ Twitter “at Ellipsis_Labs”. Don’t forget to check out Atlas too, @atlasxyz on Twitter.

Enjoy the show? Check out our website and newsletter by clicking here.

Questions or want to sponsor? hello@blockspace.mediaLearn more about your ad choices. Visit megaphone.fm/adchoices