On this episode of The Bitcoin Beat, we have our first Guest Session where we sit down with Alex B. We run the gamut discussing stablecoins on Bitcoin, the difference between POW and POS, and we take a deep dive into Alex’s Twitter thread about the risks of centralization in Ethereum as it transitions from POW to POS. We have linked to the thread below along with our long form article on this topic. You can find Alex on Twitter @bergealex4 and us @suresats.
0:00 - 3:00 - Introductions
3:00 - 6:00 - Bitcoin adoption timeline
6:00 - 18:00 - Stablecoins on Lightning and associated risks
18:00 - 27:00 - How Alex began thinking about Ethereum centralization risks & MEV (Maximal Extractable Value)
27:15 - 30:30 - Is MEV a risk/possible on Bitcoin?
30:45 - 63:45 - Why is Ethereum more censorship prone than Bitcoin/How MEV/Lido promotes centralization
63:45 - 72:55 - Fees in Ethereum Vs. Bitcoin
72:55 - 80:30 - Are all POS systems bound for centralization?
80:30 - Wrapping thoughts on Bitcoin Alex's original thread on Ethereum and MEV