"The headroom there isn’t unlimited — expect it to show up as fee pressure and backlogs and less ability to quickly resolve transaction storms. And that will in turn make it hard and expensive for people with small stacks to continue to do self-custody on the main chain. At that point, acquiring new high value users means pricing out existing low value users." — Anthony Towns It's officially Sidechain Week! Because today Anthony Towns takes us through an thought experiment that sets our current best understanding of the scaling problem and the best technological path we have to solve it, as a foundation to see what a Bitcoin future with billions of users really looks like, and what we should expect in the transition to that future. A great piece that will be very useful for our continued discussion of the tools we have to conquer this problem. Check out the original article at : Putting the B in BTC Links: - Anthony Towns Twitter - Guy's Take #55 - On the Economics of CTV Batching, & Where I was Wrong - Bitcoin Audible | Podcast on Spotify - Want to get a head start on a coming read? Thoughts on scaling and consensus changes (2023) - Protocol Design - Delving Bitcoin - Towns' piece on what the key values of Bitcoin are: Inamerrata » Blog Archive » Zeitgeist. A huge thanks to our sponsors, and don't forget to check out the offers for the listeners of this show! 9% off the Coldcard with code BITCOINAUDIBLE, ⁠⁠⁠⁠⁠bitcoinaudible.com/coldcard⁠⁠⁠⁠⁠ Check out the KYC Free, simple, no management, Bitcoin merchant solution, ⁠⁠⁠⁠⁠Nodeless.io/guy⁠⁠⁠⁠⁠ Get 50,000 free sats, plus sats back on everything you buy by signing up with Fold and the Spin+ Debit Card. ⁠⁠⁠⁠⁠bitcoinaudible.com/fold⁠⁠⁠⁠⁠ ------------------------- "Don’t underestimate the power of vision and direction. These are irresistible forces, able to transform what might appear to be unconquerable obstacles into traversable pathways and expanding opportunities. Strengthen the individual. Start with yourself. Take care with yourself. Define who you are. Refine your personality. Choose your destination and articulate your Being. As the great nineteenth-century German philosopher Friedrich Nietzsche so brilliantly noted, “He whose life has a why can bear almost any how." — Jordan B. Peterson --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

With so many common misconceptions about money, how can we possibly make sense of Bitcoin for customers who have spent their entire lives using only a single product, and know almost nothing about it? Without even a means to compare one "product" to another, where do we start? Most only understand money from the context of its network utility - ie. How many places can I spend it at - and have no foundational to make a judgement of its *quality,* which must come before its network adoption. We have quite the uphill battle, but we can address the most common mental blocks by reframing the way to look at it. Today we begin our "FUD Busting" Guy's Take series #69 - "But It's Just Digital Points..." -Subscribe to the Youtube channel and my other work on Ai Unchained at the link below: Guy Swann - YouTube Don't forget to follow me on Nostr, and please provide any comments or feedback for the show. It's highly appreciated! A huge thanks to our sponsors! Do not forget to check out the offers for the listeners of this show! • Code BITCOINAUDIBLE gets 9% off the ColdCard! ⁠https://bitcoinaudible.com/coldcard⁠⁠⁠⁠⁠⁠⁠⁠⁠ • Debit card with Sats Back on EVERYTHING: ⁠bitcoinaudible.com/fold⁠ ⁠⁠⁠⁠⁠⁠⁠• Buy Bitcoin at ⁠https://swanbitcoin.com/guy⁠ ------------------------------- "A man will be imprisoned in a room with a door that's unlocked and opens inwards; as long as it does not occur to him to pull rather than push." — Ludwig Wittgenstein --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message