Bitcoin Without Controversy
It seems that changes proposed to bitcoin are never without controversy. For this panel, we pull together veterans of the space who have dealt with their own amount of controversy over the years.
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It seems that changes proposed to bitcoin are never without controversy. For this panel, we pull together veterans of the space who have dealt with their own amount of controversy over the years.
This talk will compare how mempool policy is like the administrative state. When a self-governing people loses the ability for rigorous public debate and political compromise, the natural incentive is to outsource governing responsibility to processes outside of the regular political sphere. Once outsourced, normal checks and balances can be circumvented with changes expedited by experts. Here, the incentives are such that increasing complexity and knowing how to work the system above all is rewarded. Ossification doesn't freeze decisions in place. It shifts the realm of decision making elsewhere. [This was just thrown together for submission. Not sure how much I'll end up reworking the description once I've had time to think about it more]
This will be a socratic seminar style discussion on the current challenges around fee management, particularly for layer 2 and other contracting protocols, and some of the current solutions currently under consideration from v3 transactions and ephemeral anchors to transaction sponsors. The workshop will be friendly to the range experience levels and encourage participation (questions, answers, research done) from all attendees. Attendance encouraged for those interested in going to other related talks and want to level up their understanding of the subject matter.