BTC145: Adam Back on Drivechains, Mining Hardware, & L1 scaling w/ James Macedonio (Bitcoin Podcast)

<p><strong>IN THIS EPISODE, YOU’LL LEARN:</strong></p><ul><li>Why is building an ASIC like building a high-performance race car?</li><li>How do you think through production and reliability when building an ASIC?</li><li>How can one test the reliability of an ASIC when it's actual performance is always on?</li><li>What is the Blockstream BASIC note?</li><li>What was the performance of the previous Blockstream Mining Note and how is it different than the BASIC?</li><li>Why is there so much inventory of ASICs on the market right now?</li><li>Some people say layer 1 bitcoin might become too costly and layer 2 can't scale, what are your thoughts?</li><li>What is Adam's thoughts on drivechains?</li><li>Are there other blockchains that have experimented with OP CATs that were originally coded into Bitcoin but now are turned-off for safety reasons?</li><li>Do we even need more scripting on layer 1 for Bitcoin to solve "clown world"?</li><li>Are engineers being reasonable with the speed at which they want to roll-out updates?</li></ul><p><br></p><p><strong>BOOKS AND RESOURCES</strong></p><ul><li><a href="https://twitter.com/adam3us" rel="noopener noreferrer" target="_blank"><strong>Adam Back's Twitter</strong></a>.</li><li>Information about the<strong> </strong><a href="https://stokr.io/blockstream-basic/terms" rel="noopener noreferrer" target="_blank"><strong>Blockstream BASIC note</strong></a>.</li><li>Information about the<a href="https://www.coindesk.com/tech/2023/06/13/bitcoin-infrastructure-firm-blockstream-to-unveil-its-long-awaited-mining-rig-in-3q-of-2024/" rel="noopener noreferrer" target="_blank"><strong> Blockstream ASIC they are building</strong></a>.</li><li>Information about<strong> </strong><a href="https://blog.bitfinex.com/education/drivechains-as-an-alternative-to-altcoins/" rel="noopener noreferrer" target="_blank"><strong>Drivechains on Bitcoin</strong></a>.</li></ul><p><br></p><p><strong>NEW TO THE SHOW?</strong></p><ul><li>Check out our&nbsp;<a href="https://www.theinvestorspodcast.com/we-s