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In episode #116 of The Bitcoin Way Podcast, Michael Jordan and legendary Bitcoin developer Jimmy Song examine Bitcoin’s development landscape, exposing how mono-implementation creates systemic risk.
They discuss Production Ready’s “Third Way,” why Google’s quantum labs operate on hype-based incentives, and the engineering reality preventing cryptographic threats.
The conversation covers Core v30 feedback loops, the folly of fear-based protocol changes like BIP-361, and why market “death narratives” often precede bull runs.
Essential viewing for anyone serious about understanding Bitcoin’s true security and governance.
Follow Jimmy on X at https://x.com/jimmysong, visit his website at https://jimmysong.org, and check out his project Production Ready at productionready.org.
⏱️ TIMESTAMPS:
00:00 – Introduction
01:27 – Bitcoin Development Ideals
03:55 – Mono-Implementation Risks
08:07 – Core v30.0 Controversy
10:10 – Voting with Your Feet
13:42 – Where Consensus Fails
18:35 – Introducing Production Ready
22:24 – The Third Way Dynamic
36:38 – Quantum Computing Myths
38:55 – Quantum Physics Reality
41:55 – Google Rent-Seekers
43:54 – How Innovation Happens
46:44 – BIP-360 & Fear-Based Code
51:37 – Satoshi Death Narratives
54:07 – 2013 Silk Road Lessons
57:16 – Bitcoin is Christian Money
57:52 – Outro & Links
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On The Bitcoin Way Podcast, Michael Jordan talks to guests with a wide range of expertise and skillsets related to Bitcoin, including investing, macroeconomic and financial trends, mining, education, and more.
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This show is for entertainment purposes only. Before making any financial or legal decisions consult a professional.