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“Layer 0 is deeply connected to time and energy, layer 1 is deeply connected to blockspace and mining pools… layer 2 is deeply connected to routing and the onion network which lives inside the Lightning network; it’s cool that each layer thinks it’s about one thing and winds up solving these unexpectedly adjacent problems.”
— Dhruv Bansal

Dhruv Bansal is a co-founder of Unchained Capital. In this interview, we discuss how Satoshi approached creating Bitcoin, Bitcoin’s deep relationship with time, how markets drive decentralisation, and scaling vs ossification.

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TIMESTAMPS:
00:00:00 Market decentralisation
00:15:06 Mining difficulty adjustment
00:31:24 Scaling Bitcoin
00:42:25 21M & miners
00:48:31 Decentralisation & ossification
00:59:00 Fork wars & altcoins
01:07:56 The future of Bitcoin

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