Thread by @giacomozucco

The Bitcoin Standard @unconfiscatable!!!!

Very good point by @saifedean about the fact that hyperbitcoinization may not necessarily bring to fiat hyperinflation because of debt contraction. Never thought of it before.

Bitcoin development panel @unconfiscatable!!! W/ @jimmysong moderating developers @janbraiins, Johnny Dilley, & twitter troll/fine artist @peterktodd. Great!
#Unconfiscatable

Unpopular (but very sound) opinion by @peterktodd about neutrino-like developments: it's better to trust a centralized 3rd party (like Mycelium's server) KNOWING you're, than potentially trusting centralized 3rd parties (ie Bitmain or other hashrate collusion points) w/o knowing.

Very good point by @janbraiins about Bitcoin's security: while the code is massively reviewed/audiyed, & cryptographic primitives are incredibly reviewed/audited, nobody can really review/audit closed hardware for mining. The Chinese government may very well have a kill switch!

Some MimbleWimble discussion on the panel. Peter & Jhonny confirm the scaling benefit of MW are seriously overstated: while basic compression is just constant-factor (not much interesting), the way more impacting interactive cut-through suffers from huge coordination challenges.

Best mic-drop moment of the panel.

Peter Todd: "Quantum computer may very well not be a thing at all."

Question from audience: "Really? How's that?"

Jhonny Dilly: "I think you should ask Vitalik Buterin about that."