CoinDesk Podcast Network26 Mar 2025

BITCOIN SEASON 2: Stop Ossification: Don't Let BTC Become a Rolex

StarkWare founder Eli Ben-Sasson explains Starknet settling on both Ethereum and Bitcoin, the need for Bitcoin scaling through OP_CAT, quantum computing threats, and preventing Bitcoin from becoming an exclusive asset only for the wealthy. You're listening to Bitcoin Season 2. Subscribe to the newsletter, trusted by over 7,000 Bitcoiners: https://newsletter.blockspacemedia.com Eli Ben-Sasson, co-founder and CEO of StarkWare, joins us to discuss how StarkNet plans to settle on both Ethereum and Bitcoin. We dive into the technical details of zero-knowledge proofs, the importance of OP_CAT for Bitcoin's future, and the fascinating Collider Script approach to covenants. Eli shares his concerns about Bitcoin ossification, explaining why without scaling solutions, Bitcoin risks becoming a "Rolex" - an asset only accessible to the wealthy. We also explore quantum computing threats and potential solutions for securing Bitcoin's future. Subscribe to the newsletter! https://newsletter.blockspacemedia.com Notes: - StarkWare has over 200 team members - OP_CAT is the "greenest" covenant proposal - Quantum threats require ZK-based solutions - Collider Script enables covenants at high cost - Bitcoin fees prevent mass adoption - Bitcoin needs soft forks to avoid ossification 00:00 Start 01:09 Starkware background 04:38 Bringing ZK tech to Bitcoin 07:53 What is a "unified" layer 2? 09:21 Why use Starknet? 11:33 Posting proofs on-chain 13:26 OP_CAT 16:55 Collider script 19:35 Arch 20:09 SHA1 collisions? 22:43 Brute forcing covenants into Bitcoin 24:53 fear of soft fork 27:59 Quantum 32:16 Possible quantum futures 34:26 Why ZK_Starks for Satoshi's coins?? 38:16 Confiscation vs network protection 43:18 Self custody future - 👉 Brought to you by Arch Network! Arch brings the speed of Solana & the best of crypto UX to Bitcoin. Tap into the rich app ecosystem on Arch & try out the testnet while you’re still early! Visit arch.network to learn more. - 👋Bitcoin Season 2 is produced Blockspace Media, Bitcoin’s first B2B publication in Bitcoin. Follow us on Twitter and check out our newsletter for the best information in Bitcoin mining, Ordinals and tech! Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? hello@blockspace.media See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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