SOB #479 Ethereum, Bitcoin; Hard Fork, Soft Fork: How Decentralized Change Is Made

SOB #479 Ethereum, Bitcoin; Hard Fork, Soft Fork: How Decentralized Change Is Made

Author: Adam B. Levine August 21, 2021 Duration: 33:09

Ethereum’s London hard fork, also known as EIP 1559, took place on Aug. 5. The backwards-incompatible upgrade reignited community debate over hard forks, soft forks and the best methods – most foolproof, least polarizing – to bring about change to a network.

Join hosts Adam B. Levine, Jonathan Mohan and Andreas M. Antonopoulos as they explore the various ways in which consensus has been reached recently across the two largest protocols. The differences in technology and underlying philosophy means some solutions are more enticing to Ethereum and others to Bitcoin.

Ethereum maintains a so-called “difficulty bomb,” whose fuse is lengthened with every upgrade. If it ever goes off, miners would face exponentially harder work and proportionally diminished rewards, forcing them to switch from the pre-fork chain to the upgraded one. Bitcoin’s equivalent to the difficulty bomb, the User Activated Soft Fork (UASF), accomplishes the same thing by other means. Are these mechanisms the proverbial ‘Chekhov’s Gun,’ inevitably to be used in some later act, or simply empty threats to coerce miners into compliance?

Listen to this episode of “Speaking of Bitcoin” for an in-depth explainer of how wide-spread change occurs across decentralized networks and what changes might be in store for the future.

-

This episode featured Adam B. Levine, Andreas M. Antonopoulos and Jonathan Mohan. It was edited by Jonas, our theme song comes courtesy of Jared Rubens and todays music during the break was Sloth Beats by Gurty Beats. Today's album art features a photo by Anita Jankovic/Unsplash, modified by Speaking of Bitcoin.

Have any questions or comments? Send Adam an email at adam@speakingofbitcoin.show


For years, Speaking of Bitcoin has served as a thoughtful hub for conversation about the technology reshaping money and society. Hosted by Adam B. Levine alongside Andreas M. Antonopoulos, Dr. Stephanie Murphy, and Jonathan Mohan, this podcast approaches a complex and often divisive space with a commitment to clarity and even-handed exploration. The discussions prioritize depth over hype, breaking down technical concepts, economic implications, and the human stories behind the cryptocurrency phenomenon. You'll hear nuanced analysis and interviews that respect the listener's intelligence, whether the topic is a new protocol layer, a regulatory shift, or a philosophical debate about digital sovereignty. As the longest-running English-language talk show dedicated to this ecosystem, it offers a unique historical perspective that newcomers and veterans alike will appreciate. Tune in for the friendly, substantive dialogue that has defined this show since its earlier days as Let's Talk Bitcoin.
Author: Language: English Episodes: 50

Speaking of Bitcoin (formerly Let's Talk Bitcoin!)
Podcast Episodes
SOB #486 Why Is the IMF Afraid of Cryptozation? [not-audio_url] [/not-audio_url]

Duration: 31:11
The IMF has outlined yet another set of concerns it holds about crypto. Is crypto really the problem, or is the IMF just afraid of the things it cannot control? Join hosts Adam B. Levine, Jonathan Mohan and Andreas M. An…
SOB #485 The Sure Thing, the Force Multiplier, and the Underdoge [not-audio_url] [/not-audio_url]

Duration: 14:58
Why did a joke cryptocurrency with zero ambition find massive success, yet a calculated military campaign with plenty of ambition turned into a massive failure? With the right leverage, ten men can fight like one hundred…
SOB #483 Exit, Voice & Bitcoin [not-audio_url] [/not-audio_url]

Duration: 32:48
Blockchain technology presents opportunities for dissonant opinions, fractionalization and internal reform unmatched in the fiat world. Join hosts Jonathan Mohan, Stephanie Murphy and Andreas M. Antonopoulos as they diss…
SOB #482 Life on Bitcoin (2021 Edition) [not-audio_url] [/not-audio_url]

Duration: 29:03
In the early days of Bitcoin, a few idealistic individuals attempted to live entirely on the bitcoin currency. Nine years and an abundance of technological developments later, is an entirely closed-loop bitcoin economy p…
Upcoming Episodes [not-audio_url] [/not-audio_url]

Duration: 0:44
No episode again today but we've got two in editing now for next week. Have a good weekend!
SOB #481 On National Adoption of Bitcoin [not-audio_url] [/not-audio_url]

Duration: 37:54
El Salvador’s decision to make bitcoin legal tender shocked the world. Earlier this week the rapidly-developed and adopted bitcoin law went live, kicking off what seems primed to be an era of accelerated change unlike an…
No Episode Today, Sorry! [not-audio_url] [/not-audio_url]

Duration: 0:12
Next week we'll share with you our preliminary exploration and implications of the growing Play-to-Earn movement. But no episode today, enjoy your weekend!