Why Rollups Could Be Important For Bitcoin Miners | Joh Light | The Mining Pod
Today we are joined by John Light to discuss how the novel introduction Validity Proofs to Bitcoin could increase mining fee revenues. We also get into the costs for full nodes and if there’s a silver bullet scaling solution.
John Light: https://twitter.com/lightcoin
Will Foxley: https://twitter.com/wsfoxley
TIMESTAMPS:
00:00 Start
00:27 Intro
01:08 Human Rights Foundation Grant
03:41 What's the problem?
06:29 Validity proofs
11:40 Architecture needed to work
14:07 Scaling vs Tx throughput
17:04 What's this mean for miners?
22:23 Higher throughput & cheaper fees?
28:12 Burden for full nodes
38:44 Full node storage costs
45:12 Other solutions
52:52 Promoting new optionality
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