Month: May 2024

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CoinDesk Podcast Network - UNCHAINED: Bitcoin Layer 2s Aim to Attract Ethereum-Like Dapps. Will They Succeed?

Build on Bitcoin (BOB), Botanix, and Citrea plan to bring DeFi, perps, stablecoins, and much more to the Bitcoin ecosystem. Here’s how.


Listen to the episode on Apple Podcasts, Spotify, Pods, Fountain, Overcast, Podcast Addict, Pocket Casts, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform.

In this episode of Unchained, host Laura interviews Alexei Zamyatin, co-founder of Build on Bitcoin, Willem Schroé, founder of Botanix Labs, and Orkun Kılıç, co-founder of Chainway Labs. They discuss their respective projects, all of which are focused on developing Layer 2 solutions for Bitcoin. 

Zamyatin's Build on Bitcoin is a hybrid Layer 2 that connects to both Bitcoin and Ethereum, aiming to bring innovation back to the Bitcoin ecosystem. Schroé's Botanix Labs is developing a decentralized Layer 2 solution using the ‘Spiderchain,’ which uses a series of multi-signature wallets to secure the chain. Kılıç's Chainway Labs is building Citrea, a zk-Rollup on Bitcoin that aims to create a Bitcoin-backed economy. 

All three projects are in various stages of development and testing, with BOB’s mainnet launch expected shortly.

Show highlights:

  • Introduction to Build on Bitcoin (BOB), Botanix, and Citrea: How they aim to innovate and expand Bitcoin's capabilities, including their architectural designs that integrate Ethereum users and work toward decentralization and trustlessness.
  • Security Aspects and Integration Strategies: What the security risks associated with BOB, Botanix, and Citrea are, and strategies to enhance decentralization over time?
  • How these layer 2s influence Bitcoin fees, and how Botanix's integration can leverage the Bitcoin ecosystem, with insights on the potential of Layer 3s and zk-rollups to transform Bitcoin's utility and fee dynamics.
  • How these projects aim to attract Ethereum users and developers, and the reasons why this may be an attractive opportunity for them
  • How Runes, Ordinals, and BRC-20s operate on Citrea, Botanix, and BOB
  • How Bitcoin is always a derivative when it’s not in its layer 1 and the pros and cons of different bridging solutions
  • The concept of forward secrecy and how it can help improve security in blockchains
  • Why Willem believes that Layer 3s are possible and bullish for Bitcoin
  • How ‘merged mining” resembles Ethereum’s restaking and why it’s positive for Bitcoin

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Thank you to our sponsors! Polkadot

Guests | 

Willem Schroé, founder of Botanix Labs 

Orkun Kılıç, cofounder of Chainway Labs 

Alexei Zamyatin, cofounder of Build on Bitcoin

Links | 

Recent coverage on Unchained of Bitcoin L2s:

Stacks’ Muneeb Ali On Why Bitcoin Is Exciting Once Again


Build on Bitcoin

Citrea

Botanix


Learn More |

Unchained:

What Is the OP_CAT Bitcoin Improvement Proposal? 

What Are Opcodes in Bitcoin? A Beginner's Guide 

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Unchained Podcast is Produced by Laura Shin Media, LLC.  Distributed by CoinDesk. Senior Producer is Michele Musso and Executive Producer is Jared Schwartz. 

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Up First from NPR - Mass Arrests at Columbia, Blinken’s Mideast Visit, Florida’s New Abortion Law

New York City police used force overnight to zip-tie the hands of dozens of Columbia University student protesters and haul them away in buses, clearing the encampment two weeks after tents first popped up. Secretary of State Antony Blinken is back in Israel to pressing for more aid to Palestinians in Gaza — and a hostage deal. And Florida's six-week abortion ban takes effect today — with exceptions only in rare circumstances.

Want more comprehensive analysis of the most important news of the day, plus a little fun? Subscribe to the Up First newsletter.

Today's episode of Up First was edited by Kevin Drew, Vincent Ni, Acacia Squires, Lisa Thomson and Ben Adler. It was produced by Ziad Buchh, Ben Abrams and Lilly Quiroz. We get engineering support from Stacey Abbott, and our technical director is Zac Coleman.

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Social Science Bites - Tavneet Suri on Universal Basic Income

Here's a thought experiment: You want to spend a reasonably large sum of money providing assistance to a group of people with limited means. There's a lot of ways you might do that with a lot of strings and safeguards involved, but what about just giving them money -- "get cash directly into the hands of the poor in the cheapest, most efficient way possible." You and I might prefer that, since we, of course, are reputable people and good stewards and understand our own particular needs. But what about, well, others?

Economist Tavneet Suri has done more than just think about that; her fieldwork includes handing out money across villages in two rural areas in Kenya to see what happens. Her experiments include giving out a lump sum of cash and also spreading out that same amount over time. The results she details for host David Edmonds in this Social Science Bites podcast are, to be frank, heartening, although the mechanisms of disbursement definitely affect the outcomes.

Despite the good news, the idea of a universal basic income is by no means a settled remedy for helping the poor. For one thing, Suri says, "it's super, super expensive. It’s really expensive. And so, the question is, “Is that expense worth it?” And to understand that I think we need a few more years of understanding the benefits, understanding what people do with the incomes, understanding whether this can really kickstart these households out of poverty."

And perhaps the biggest question is whether the results of fieldwork in Kenya is generalizable. "I would love to do a study that replicates this in the West," she says. "The one thing about the West that I think is worth saying that's different is you wouldn't add it on top of existing programs. The idea is you would substitute existing programs with this. And that to me is the question: if you substituted it, what would happen?"

Suri is the Louis E. Seley Professor of Applied Economics and at the Massachusetts Institute of Technology's Sloan School of Management. She is an editor at the Review of Economics and Statistics; co-chair of the Agricultural Technology Adoption Initiative at the Abdul Latif Jameel Poverty Action Lab, known as J-PAL, at MIT; co-chair of the Digital Identification and Finance Initiative at J-PAL Africa; a member of the executive committee at J-PAL; and a faculty research fellow at the National Bureau of Economic Research.

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Serious Inquiries Only - SIO447: Steve Vladeck on the Shadow Docket

Today's guest, or should I say last year's guest, is Steve Vladeck! He holds the Charles Alan Wright Chair in Federal Courts at the University of Texas School of Law, and is a nationally recognized expert on the federal courts, constitutional law, national security law, and military justice. Last year, he released the New York Times bestselling book, "The Shadow Docket: How the Supreme Court Uses Stealth Rulings to Amass Power and Undermine the Republic." We spoke about the book and about the state of our horrible Supreme Court. Steve will be appearing on Opening Arguments soon for a sequel to this conversation!

Are you an expert in something and want to be on the show? Apply here!

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Money Girl - 6 Rules for Contributing to an IRA and a 401(k)

Laura reviews six rules you should know to take advantage of multiple retirement accounts and avoid pitfalls.

Money Girl is hosted by Laura Adams. A transcript is available at Simplecast.

Have a money question? Send an email to money@quickanddirtytips.com or leave a voicemail at 302-365-0308.

Find Money Girl on Facebook and Twitter, or subscribe to the newsletter for more personal finance tips.

Money Girl is a part of Quick and Dirty Tips.

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The Daily Detail - The Daily Detail for 5.1.24

Alabama

  • Sen. Britt rips into US Sec of Ed for not reigning in college campus protests
  • Governor Ivey signs bill that prosecutes child pornography created with AI
  • Paul Prine is voted out as police chief on Tuesday by city council
  • Community members at Decatur city council meeting threaten more protests
  • AL House is poised to pass bill regarding deadline for names on November ballot
  • Tristan Harper of AL makes it to the Top 7 on American Idol 2024 season

National

  • 4 police officers shot and killed in NC by suspect being served with felony warrant
  • AZ prosecutors drop charges against elderly rancher accuse of killing illegal alien
  • OK man says going to get hot dogs at gas station saved him from killer tornado
  • NYC judge fines Trump $9K for 9 posts made that violate gag order
  • TX AG Ken Paxton was in NYC to support Trump during this trial
  • Poll shows independent voters lean to Trump in all the law fare cases against him
  • Dem leaders in House will vote to keep Speaker Johnson in motion to vacate
  • State lawmaker in SC says illegals are being given voter registration papers


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NBN Book of the Day - J. P. Messina, “Private Censorship” (Oxford UP, 2024)

When we think of censorship, our minds might turn to state agencies exercising power to silence dissent. However, contemporary concerns about censorship arise in contexts where non-state actors suppress expression and communication. There are subtle and not-so-subtle forms of interference that come from social groups, employers, media corporations, and even search engines. Should these “new” forms of censorship alarm us? Should we assess them in ways that mirror our typical views about state-enacted censorship? If not, how should we think about non-state modes of censorship?

In Private Censorship (Oxford University Press, 2024), JP Messina takes up these broad questions. He examines a range of emerging sites of non-state censorship – what he calls “private” censorship – and sorts through the normative, political, and legal issues.

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Everything Everywhere Daily - Asteroids

Our solar system is made up of a lot of things.

The biggest thing is the sun, of course which makes up the vast majority of the solar system’s mass. 

Then, of course, there are planets, which come in various sizes, and many of them have moons of various sizes. 

However, that isn’t everything. There are other things in the solar system, things that amount to debris between the much bigger objects. 

Learn more about asteroids, how they were discovered, and how they might serve humanity’s future on this episode of Everything Everywhere Daily.


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The NewsWorthy - Protesters Occupy Buildings, New Age for Mammograms & iPhone Alarm Issue- Wednesday, May 1, 2024

The news to know for Wednesday, May 1, 2024!

We'll tell you about more arrests as protesters have taken over new parts of university campuses. 

Also, historic changes could be coming to America's marijuana rules, and a first-of-its-kind tribute is set for top U.S. educators. 

Plus, new guidelines for breast cancer screenings, issues reported with iPhone alarm clocks, and newly studied benefits of volunteering through work.

Those stories and more news to know in about 10 minutes!

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