The Inventor of Blockchain On the Future Of Bitcoin | Scott Stornetta

In this episode, inventor of blockchain Scott Stornetta joins the show to discuss developing the first digital timestamping system, the key innovations and limitations of Bitcoin’s design, and why Bitcoin has not yet succeeded as real money. We also delve into his critique of proof-of-work, his thoughts on other crypto projects like Ethereum, stablecoins, the importance of creating a digital identity system, and more. Enjoy!
—
Follow Scott: https://x.com/ScottStornetta
Follow Rizzo: https://x.com/pete_rizzo_
Follow Supply Shock: https://twitter.com/SupplyShockBW
Follow Blockworks: https://twitter.com/Blockworks_
Join Supply Shock Telegram: https://t.me/+SpmLg6P_QcgxNDcx
Supply Shock Newsletter: https://blockworks.co/newsletter/supplyshock
—
Join us at Permissionless IV June 24th - 26th. Use code SUPPLY10 for 10% OFF! https://blockworks.co/event/permissionless-iv
—
Bitcoin DeFi is here. Stake, bridge, swap and earn real yield on Core - Bitcoin’s consumer chain and staking layer.
Join Ignition and get onchain: https://ignition.coredao.org/blockworks
Stake your Bitcoin with Core: https://stake.coredao.org/blockworks

Ledger, the global leader in digital asset security, proudly sponsors Supply Shock. As Bitcoin adoption grows, Ledger celebrates 10 years of securing over 20% of the world’s crypto. Buy a LEDGER™ device now for true self-custody and peace of mind in securing your Bitcoin. Devices are also available in Bitcoin orange. For every device ordered in BTC Orange, we’ll donate $5 to brink.dev. Buy now at https://Ledger.com.

Need liquidity without selling your Bitcoin? For 6+ years, Ledn has been the trusted choice for Bitcoin-backed lending. With transparency, security, and trust at our core, we help you access your BTC’s wealth while HODLing. Discover what your Bitcoin can do at https://ledn.io/borrowing.
—
Timestamps:
00:00 Introduction
01:53 Discovering the Bitcoin White Paper
03:34 The Foundations of Digital Timestamping
07:00 The Evolution of Blockchain and Bitcoin
14:43 Ads (Core, Ledger, Ledn)
16:17 The Evolution of Blockchain and Bitcoin (Con't)
17:46 Challenges and Criticisms of Bitcoin
22:27 The Cypherpunks and Digital Cash
29:42 The Future of Blockchain Technology
39:16 Scaling Bitcoin
42:20 Bitcoin's Economic Value and Success
47:24 Ads (Core, Ledger, Ledn)
49:30 The Role of Stablecoins and Future Cryptocurrencies
01:06:43 Identity and Blockchain
01:14:43 Reflections on Blockchain's Impact and Future

—
Disclaimer: Nothing discussed on Supply Shock should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.