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Podcast: On The Brink with Castle Island
Episode: Paul Sztorc (Drivechain) on Bitcoin Security Budget and the Importance Merge Mining
Description: Veteran Bitcoin commentator and inventor of Drivechains Paul Sztorc joins the show to talk Bitcoin's sustainability and the role of merged mined side chains. In this episode:Â Why Paul is the 'Steely Dan' of Bitcoin Revisiting 'Measuring decentralization' Revisiting Paul's argument on Proof of Stake being veiled PoW Why you should roll your own statistics Concentration of power in miners and mining pools Is PoW worthless if it isn't challenged? How Bitcoin energy FUD is based on neo-malthusianism The Julian Simon / Paul Ehrlich wager Why none of our resources are finite How climate change diplomacy is neo-colonial Why a...