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Categories: Chain Reaction

Chain Reaction - Dan Held and Paul Sztorc: Debating Bitcoin’s Security

Published on April 6th, 2020 by BTCMedia

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Host Tom Shaughnessy talks to Dan Held, Director of Business Development for Kraken Digital, and Paul Sztorc, an independent Bitcoiner. They debate the Bitcoin security model, with Paul feeling skeptical that fee rates will climb and Dan believing that fees are already growing and could subsidize Bitcoin security solutions.

Dan’s post (Bitcoin’s Security is fine) and Paul’s original post (Security Budget in the Long Run) for context on the episode.

Key Points

There’s a significant debate about looking at transaction fees alone versus the full cryptocurrency exchange fee structure. It’s important to look at volatility as a potential cost when transacting cryptocurrency. The network effect of an asset is one of its most important components.

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Disclosures: This podcast is strictly informational and educational and is not investment advice or a solicitation to buy or sell any tokens or securities or to make any financial decisions. Do not trade or invest in any project, tokens, or securities based upon this podcast episode. The host may personally own tokens that are mentioned on the podcast. Tom Shaughnessy owns tokens in ETH, BTC, STX, SNX, RUNE, sUSD and HNT. Let's Talk Bitcoin is a distribution partner for the Chain Reaction Podcast, and our current show features paid sponsorships which may be featured at the start, middle and/or the end of the episode. These sponsorships are for informational purposes only and are not a solicitation to use any product or service. Guest host Kevin Kelly holds tokens in BTC, ETH, RUNE, and LEO.

Music Attribution:

Cosmos by From The Dust | https://soundcloud.com/ftdmusic

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