55: Healthy Bitcoin Skepticism

Go Full Crypto

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3+ y ago 50:31

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Blind allegiance to anything is probably not a good thing. Nothing is perfect, including Bitcoin. In this episode, we explore some of the flaws of Bitcoin that Mrugakshee discovered while researching for a Bitcoin Webinar. A healthy dose of skepticism from time to time keeps us rooted in reality!

Keegan's Newsletter on Sathoshi Nakamoto- https://keeganfrancis.substack.com/p/my-thoughts-on-satoshi-nakamoto

Videos by Coding Jesus that sparked the curiosity of learning about Bitcoin's flaws- https://www.youtube.com/watch?v=vjwVtl-VBDw

https://www.youtube.com/watch?v=n0cpX0se6hI

Timestamps:

(00:00) - Introduction

(01:26) - Mruga finds reasons to question belief in Bitcoin, inspired by YouTuber 'Coding Jesus'

(04:27) - Is Bitcoin still used as, and considered, electronic cash?

(13:05) - The importance of Bitcoin's origin, and Satoshi Nakamoto's anonymity

(16:28) - Does Bitcoin not being anonymous, get in the way of it being censorship resistant?

(29:05) - Can Mining Pools censor transactions?

(37:13) - The fungibility of Bitcoin

(45:07) - Closing Thoughts

Edited and Mixed by Kaushik Sethunath.

Visit the Go Full Crypto website at: https://www.gofullcrypto.com

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