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Interview location: Skype
Interview date: Wednesday 18th April, 2019
Company: Bitcoin Unlimited
Role: Research Director
The scaling war pitched two ideologies for the future of Bitcoin against each other. One side believes that Bitcoin can scale on-chain with larger block sizes while the other side believes that the base layer should be kept small with payments scaled off-chain, using second layer technologies such as the Lightning Network.
Peter Rizun is firmly in the large block camp, and while there are questions over his previous thoughts and work, he is technical, and he offers a harsh eye over the Lightning Network. Yes, Peter’s approach has a bias, he wants the Lightning Network to fail to support his vision of larger blocks, but does this make his claims invalid?
In this interview, we discuss why Peter supports on-chain scaling and his Five Fundamental Flaws of The Lightning Network, including issues such as how small payments are not trustless and how high layer 1 fees impact layer 2.
Are his criticisms FUD or fair?.
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By Peter McCormack4.8
21422,142 ratings
Interview location: Skype
Interview date: Wednesday 18th April, 2019
Company: Bitcoin Unlimited
Role: Research Director
The scaling war pitched two ideologies for the future of Bitcoin against each other. One side believes that Bitcoin can scale on-chain with larger block sizes while the other side believes that the base layer should be kept small with payments scaled off-chain, using second layer technologies such as the Lightning Network.
Peter Rizun is firmly in the large block camp, and while there are questions over his previous thoughts and work, he is technical, and he offers a harsh eye over the Lightning Network. Yes, Peter’s approach has a bias, he wants the Lightning Network to fail to support his vision of larger blocks, but does this make his claims invalid?
In this interview, we discuss why Peter supports on-chain scaling and his Five Fundamental Flaws of The Lightning Network, including issues such as how small payments are not trustless and how high layer 1 fees impact layer 2.
Are his criticisms FUD or fair?.
-----
If you enjoy The What Bitcoin Did Podcast you can help support the show my doing the following:
Become a Patron and get access to shows early or help contribute
Make a tip:
Bitcoin: 3FiC6w7eb3dkcaNHMAnj39ANTAkv8Ufi2S
QR Codes: Bitcoin | Ethereum | Litecoin | Monero | ZCash | Ripplecoin
If you do send a tip then please email me so that I can say thank you
Subscribe on iTunes | Spotify | Stitcher | SoundCloud | YouTube | TuneIn | RSS Feed
Leave a review on iTunes
Share the show and episodes with your friends and family
Subscribe to the newsletter on my website
Follow me on Twitter Personal | Twitter Podcast | Instagram | Medium | YouTube
If you are interested in sponsoring the show, you can read more about that here or please feel free to drop me an email to discuss options.

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