Bitcoin was not supposed to sit.
When Satoshi Nakamoto released the white paper in 2008, this was not a digital gold plan; It was a counter -system to an counterpart. But quickly forward today, and the largest critics and supporters of Bitcoin are often agreed on one thing: it really does not really like money, at least not yet.
In the latest episode of Clear CryptoNathan Guevai and Gareth Jenkson speaks with Elie Ben Sasson, co -founder of Starkware and one of the leading minds in the scaling of encryption. His message? This may be about to change.
The three bitcoin columns
Ben-Sasson sets a convincing framework for how Bitcoin-not by abandoning its principles, but by expanding its scope. He describes three basic columns that need to be aligned in order to fulfill its promise.
Laws, integrity and verification, according to Sasson Ben, are tangible technical targets for the adoption of bitcoin currencies on a large scale. Not only that, but the tools needed to strike these goals are already.
It can be a long OPCode, OP_CAT, first domaino. He said: “Nine lines of software instructions, this would make Bitcoin programmed again.”
Storage of value or economic spine
Currently, bitcoin is often described as digital gold, which is an unprecedented primitive store. But Ben-Sasson wants to see that it works more like the digital economy: without permission, comprehensive and useful in daily transactions. This means rethinking what bitcoin is and upgrading how it works.
“If we do not make Bitcoin more useful, we risk making it unrelated.”
The conversation touches on everything starting from the Bitcoin governance policy to the role of the zero proofs and class 2 in building developmental, decentralized systems.
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It also explores what it takes to build the money that works for everyone, and not only the artistic or financially distinguished elite.
“We are not in a position in which Bitcoin is a system that can be allowed today to any parties to deal without any reliable mediator. We are simply not there. For me, this is the beginning, medium and the end of the reason that makes things need to be changed.”
To hear the full conversation in Clear CryptoListen to the full episode on Podcasts Cointelegraph’s pageand Apple podcast or Spotify. And don’t forget to check for the complete Cointegraph collection from other offers!
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