Ep12: The Chaos Of Bitcoin Consensus

Bitcoin Developer PortlandHODL rips 4meggers on the regular, but how does all this stuff work under the hood? Portland explains how he built Slipstream for Marathon Digital, how he reorged Testnetv4 TWICE, and what exactly “Mempool Relay Policy” is.

Charlie & Portland cover many Bitcoin topics in this 2 hour episode – Soft Forks, explaining Bitcoin with analogies, and how Bitcoin has been used over the past 15 years.

Follow our guest on Twitter: @PortlandHODL

Follow our host: @cbspears

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Chapters:

00:00 Intro

02:15 Views on Bitcoin

06:05 Slipstream is like a shipping service

10:55 Standardness & Relay Policy

17:40 Analogy for Standardness vs Consensus

18:40 Challenges to build Slipstream

21:00 Great Consensus Cleanup

25:00 Revenue from Slipstream

29:00 Why has nobody else built Slipstream?

33:20 Bitcoin developer landscape

39:40 The "M" Block

48:00 Wild Bitcoin File Storage idea

51:00 Reorging Testnet

58:01 Explain the Testnet v3 story

1:04:00 Thoughts on Bitcoin Core

1:09:49 BTCD exploit

1:11:40 Thoughts on other Bitcoin clients

1:16:15 Chaos is good for Bitcoin

1:17:10 Soft forks

1:23:20 Portland's view on Soft Forks

1:32:40 Bitcoin education

1:36:10 What are Bitcoiners lacking?

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