Description
In this episode of UpOnly, Ledger hosts a charity debate between Udi Wertheimer and David Hoffman about decentralization and moral prerequisites in blockchain design. CMS Holdings very kindly donated $300,000 to the development of Bitcoin to sponsor this debate.
https://twitter.com/cmsholdings
Presented by FTX: https://uponly.tv/ftx
Udi & David:
https://twitter.com/udiWertheimer
https://twitter.com/TrustlessState
00:00 - Intro
02:30 - Why are we debating?
04:25 - The abandonment of decentralization
09:54 - Ledger finds crypto being related to religion very cringe
13:10 - Decentralization / Alternate blockchains / Ethereum Layer 1
25:35 - Blockchains and initial token distribution / Solana and Avalanche
36:15 - Token sales today vs. Four years ago / Transparency
39:25 - Defining right and wrong / Outright scams / Who is to blame?
46:45 - Growth and opportunity of new chains
50:20 - Layer 2 Chains and security / Layer 1 security models and roll ups
56:45 - Profit maximalists
1:01:00- Changing opinions with new information
1:03:30 - Early day Ethereum development / Sacrifices
1:07:50 - Paths to decentralization of current Layer 1s
1:14:40 - Closing statements