Motion: Nation-state attack on Bitcoin is an unresolved ticking time-bomb (Mike Kelly vs. Hasu)

06/29/20 • 91 min

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Guests:
Mike Kelly (@mikekelly85)
Hasu (@hasufl)
Host:
Richard Yan (@gentso09)

Today’s motion is “Nation-state attack on the bitcoin network is an unresolved ticking time bomb.”
In this thorough and fascinating debate, we covered these topics:

The motivations of nationstate attacks
The mechanisms of nationstate attacks
The aftermath of nationstate attacks
The preventive mechanism of nationstate attacks

The idea for this debate was born out of a twitter discussion, where someone posted a video of Andreas Antonopoulos dismissing the threat on bitcoin from nationstates.
Now, while you’re here, be sure to also check out our previous episodes too. We’ve featured some of the best known thinkers in the crypto space. And it was great to have a few no-coiners on. I always appreciate their agreeing to do the show, and adding perspectives to what sometimes seem like an echo chamber.
If you would like to debate or want to nominate someone, please DM me at @blockdebate on Twitter.
Please note that nothing in our podcast should be construed as financial advice.

Source of select items discussed in the debate:

32 states have introduced legislation accepting or promoting the use of Bitcoin and blockchain distributed ledger technology https://www.businessinsider.com/blockchain-cryptocurrency-regulations-us-global
State-by-state regulations on Bitcoin and blockchain https://www.carltonfields.com/insights/publications/2018/state-regulations-on-virtual-currency-and-blockchain-technologies

Guests:
Mike Kelly (@mikekelly85)
Hasu (@hasufl)
Host:
Richard Yan (@gentso09)

Today’s motion is “Nation-state attack on the bitcoin network is an unresolved ticking time bomb.”
In this thorough and fascinating debate, we covered these topics:

The motivations of nationstate attacks
The mechanisms of nationstate attacks
The aftermath of nationstate attacks
The preventive mechanism of nationstate attacks

Source of select items discussed in the debate:

32 states have introduced legislation accepting or promoting the use of Bitcoin and blockchain distributed ledger technology https://www.businessinsider.com/blockchain-cryptocurrency-regulations-us-global
State-by-state regulations on Bitcoin and blockchain https://www.carltonfields.com/insights/publications/2018/state-regulations-on-virtual-currency-and-blockchain-technologies

Previous Episode

Motion: Corporate bailouts and capital market rescues make sense, II (Jonathan Padilla vs. Nick White)

Guests:
Jonathan "JP" Padilla (@JPadillaCA)
Nick White (@nickwh8te)
Host:
Richard Yan (@gentso09)

Today’s motion is “I largely approve the US government’s fiscal and monetary response to the ongoing economic crisis.”

We recently had another debate on a similar topic, between Qiao Wang and Jimmy Song.

While Qiao argued for the pro-establishment view, he still saw lots of issues with the government’s intervention in the markets. In the debate, Qiao was playing the role of a devil’s advocate, to help the crypto community understand the pro-intervention perspective.

In today’s debate, however, the pro-intervention guest (Jonathan "JP" Padilla) is a Kenseyan, has worked for the Whitehouse, and is very supportive of the government actions during the ongoing crisis.

The anti-intervention guest (Nick White) today is also not a hard-core libertarian like Jimmy from the previous debate. So today’s debate is more consensus-building than that previous debate.

Be sure to also check out our previous episodes too. We’ve featured some of the best known thinkers in the crypto space.

If you would like to debate or want to nominate someone, please DM me at @blockdebate on Twitter.

If you like the show, please give us five stars on iTunes or wherever you listen to this.

Please note that nothing in our podcast should be construed as financial advice.

Source of select items discussed in the debate:

Components of CPI: https://www.bls.gov/cpi/questions-and-answers.htm#Question_10
Banks fined $243 billion since the Great Recession: https://www.marketwatch.com/story/banks-have-been-fined-a-staggering-243-billion-since-the-financial-crisis-2018-02-20
The federal government made $15Bn profit from TARP: https://money.cnn.com/2014/12/19/news/companies/government-bailouts-end/
Niall Ferguson, "The Ascent of Money": https://www.amazon.com/Ascent-Money-Financial-History-World/dp/0143116177
Airlines receiving government assistance in return for equity warrants: https://www.barrons.com/articles/airlines-stocks-government-bailout-grants-loans-cares-act-covid-19-passenger-traffic-51586967006

Next Episode

Motion: Scalability is impossible without sharding and layer-2 solutions (Georgios Konstantopoulos vs. Anatoly Yakovenko)

The Blockchain Debate Podcast - Motion: Nation-state attack on Bitcoin is an unresolved ticking time-bomb (Mike Kelly vs. Hasu)

Transcript

Richard00:00:08.519

Welcome to another episode of the blockchain debate podcast, where consensus is optional, but proof of thought is required. I'm your host, Richard Yan. Today's motion is, "nation-state attack on the Bitcoin network is an unresolved ticking time bomb." In this thorough and fascinating debate. We covered these topics, the motivations of nation-state attacks, the mechanisms of nation-state attacks, the aftermath of nation-state attacks, the preventive