Bitcoin’s Wall’d Garden with Eric Wall

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2 years ago
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SHOW NOTES:
https://www.whatbitcoindid.com/podcast/bitcoins-walld-garden

Eric Wall is a researcher and investor, and in this interview, we discuss how Eric became a notable critical voice within the HEX community, his ongoing fight with prominent Bitcoin maximalists, and Taproot Wizards.

THIS EPISODE’S SPONSORS:
Iris Energy - https://irisenergy.co/
Gemini - https://www.gemini.com/
Wasabi - https://www.wasabiwallet.io/
Ledn - https://www.ledn.io/
Ledger - https://www.ledger.com/
Fortris - https://fortris.com/

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TIMESTAMPS:
00:00:00 Introduction
00:03:28 HEX & Richard Heart
00:15:24 Getting drawn into HEX's community
00:35:27 Wanting to develop a better Bitcoin culture
00:49:34 Shunned by Bitcoiners; maximalist toxicity
00:57:42 Questioning Saifedean’s & Saylor’s arguments
01:13:45 Bitcoin vs Ethereuem
01:29:24 Levelling the Bitcoiner playing field
01:43:00 Tungsten cubes & wizards

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#Bitcoin #Finance #Economics

****

“This group of Bitcoiners that we’ve cultivated for the last couple of years, they are not going to help us to grow this community by a tenfold or a hundredfold anymore. That’s a small clique of people that has now taken control.”
— Eric Wall

Eric Wall is the CIO at Arcane Assets and a crypto researcher and investor. In this interview, we discuss how Eric became a notable critical voice within the HEX community, his ongoing fight with prominent Bitcoin maximalists, and Taproot Wizards.

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What Bitcoin stands for and should be is a debate that has been raging since 2009. Bitcoin’s unique characteristics have drawn many people into its gravity. The realisation that its immaculate conception may never be replicated has resulted in many of those same people guarding Bitcoin’s development with uncompromising zeal.

The result has been the rise of Bitcoin Maximalism. Maximalist ideology can be a fuzzy concept: there are no clearly agreed rules or principles; there have been various iterations with different priorities over time. However, it is clearly characterised by conservatism over the development of the protocol, and intolerance for those with differing attitudes.

Nevertheless, that is not to say that Bitcoin development can forever remain in stasis. There are and have been pressures requiring upgrades both to the base layer, and in the development of additional layers. This means there is always a creative tension on what changes are required, and how quickly these need to be implemented.

Further, as Bitcoin has no leader, it has engendered an ecosystem where advocates organically emerge, who can gain traction and have an outsized influence on the community. This creates further tensions as Bitcoin’s purpose is being proselytized using competing and sometimes muddied beliefs.

Thus, it is important that Bitcoiners enable an open dialogue where all ideas are questioned, scrutinized and tested. And such debates should be open to all Bitcoiners, without fear or favour to any powerful interests. Is the question therefore how intolerant we should be of those with differing views? And, can we live without trolling, or is this a necessary defensive tool?

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