This episode of the #citizenweb3 podcast features Paul Sztorc from LayerTwo Labs
Paul Sztorc emphasizes the importance of freedom, consent, and innovation in driving human progress and economic competitiveness. He uses historical comparisons and analogies, such as East vs. West Germany and the Titanic, to highlight the role of markets in solving problems and the discipline imposed by repeated interactions.
LayerTwo Labs focuses on enhancing Bitcoin through second-layer solutions like Drivechain, allowing multiple blockchains to operate alongside Bitcoin. Their goal is to drive innovation and scalability in the crypto space.
We spoke to Paul Sztorc (https://x.com/Truthcoin) about LayerTwo Labs (https://x.com/LayerTwoLabs) and:
Taking over the worst fiat currencies
The winning coin
East vs West Germany
North vs South Korea
Gulag Archipelago vs The Great Gatsby
Increase competitiveness
The formula is freedom, consent, innovation
We will never reach a state where we have solved every problem
First world problems
We've made enormous moral progress
Prediction market in the abstract
Spoken language, Printing press and the internet
Corner of the oracle
Multi-dimensional markets
The best layer will win and the others will lose
Repeated interactions impose discipline
The Titanic would never sink
Timestamps
00:00 – 22:00 : Intro
22:00 -- 28:05 : Prediction markets
28:05 -- 39:15 : L2
39:15 -- 47:40 : Merge mining
47:40 -- 56:55 : Bitcoin maximalist attitude
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Special Guest: Paul Sztorc.
