#503: The Bitcoin Stack with Dhruv Bansal,Ryan Gentry & Allen Farrington

TFTC: A Bitcoin Podcast · May 4, 2024 · 1h 39m

Marty sits down with Dhruv, Ryan and Allen to discuss their new article on decentralizing the internet with Bitcoin.

Dhruv on Twitter: https://twitter.com/dhruvbansal

Ryan on Twitter: https://twitter.com/RyanTheGentry

Allen on Twitter: https://twitter.com/allenf32

0:00 - Intro

5:05 - Adding context

9:47 - Layer Zero

17:15 - Difficulty adjustment

23:32 - Layer One

32:42 - Layer Two - Lightning

43:31 - Gradually, Then Suddenly

44:10 - High layers improve low layers

50:40 - Unlocking the potential of lightning

55:40 - Design methodology

1:00:50 - Ordinals, out-of-band transactions

1:06:25 -…