Bitcoin Q&A: Scaling, trust, and trade-offs

Bitcoin scaling, on-chain vs. off-chain. Trustless second layer technologies. Lightning Network. Requiring a super-majority to make changes to the protocol, while others make trade-offs toward centralisation. Store-of-value. Different leagues of scaling and governance.

The first question is from a talk which took place at the Blockchain Africa Conference on March 2nd 2017 at the Focus Rooms in Johannesburg, South Africa:

Watch the full talk here:

The second question is from a talk which took place on July 7th 2017 at a Bloktex event hosted by the Wisma BeeOn Group in Kuala Lumpur, Malaysia:

Watch the full talk here:

SegWit, scaling, and consensus –
The Lightning Network –
The Internet will eat your business –
Fee markets, SegWit, and scaling –
Altcoins and the scaling debate –
Does Lightning need SegWit? –
Scaling is a moving target –
What is the role of nodes? –
Rules versus Rulers –
Microfinance and streaming money –
Is Bitcoin a democracy? –
An Evolutionary Perspective on Currency –
The Lion and the Shark: Divergent Evolution in Cryptocurrency –
Open source as cross pollination –

Andreas M. Antonopoulos is a technologist and serial entrepreneur who has become one of the most well-known and well-respected figures in bitcoin.

Follow on Twitter: @aantonop

He is the author of two books: “Mastering Bitcoin,” published by O’Reilly Media and considered the best technical guide to bitcoin; “The Internet of Money,” a book about why bitcoin matters.




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Music: “Unbounded” by Orfan (
Outro Graphics: Phneep (
Outro Art: Rock Barcellos (

Post time: 09-04-2017