Bitcoin's 2024 Technical Overview w/ NVK (BTC165)

Join NVK to explore Bitcoin's technical landscape for 2024. We'll cover smart contracts, scalability, Lightning Network, Layer 2, spam concerns, SegWit, Taproot, BRC20, and Mempool's health score.
IN THIS EPISODE, YOU’LL LEARN:
- An understanding of the Mempool health score and what it indicates about the Bitcoin network's efficiency and congestion.
- The technical intricacies and implications of implementing covenants in Bitcoin.
- The advancements in transaction structures and efficiency brought by the Taproot update.
- Insights into the potential and challenges of BRC20 tokens or standards on the Bitcoin network.
- The role and impact of OP_RETURN in Bitcoin transactions.
- Challenges and opportunities in scaling the Lightning Network.
- The importance of self-custody in Bitcoin's Layer 2 solutions.
- How CheckTemplateVerify (CTV) could revolutionize smart contracting and enhance Bitcoin's scalability.
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▶️ RELATED EPISODES:
- Creating Bitcoin Products and Infrastructure w/ NVK: • BTC066: Creating Bitco...
- Bitcoin's Taproot Assets Protocol w/ Ryan Gentry: • Bitcoin's Taproot Asse...
- Can Bitcoin Lightning Scale Globally w/ Alexander Leishman: • Can Bitcoin Lightning ...
- Bitcoin Ordinals and NFTs on Layer 1 of the Protocol w/ Pierre Rochard: • Bitcoin Ordinals and N...
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ABOUT OUR SHOW 🎙
On Bitcoin Fundamentals, Preston Pysh talks about the fundamentals of bitcoin, investing in bitcoin, news, deep dives and more on interviews with prominent people in blockchain technology.
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[@PrestonPysh]

📌 Check out this video next: kzbin.info/www/bejne/eoCYXq2qYrijm6M ⚠ IMPORTANT: Please beware of cyber scams and phishing attacks. We will never ask for your contact info in the comments section. Kindly report suspicious accounts you see below. Thank you!

[@bethecoin]

Good stuff here Preston. Great to have NVK, another Canadian brother leading on protocols and self custody.

[@stevem5580]

First time hearing NVK .. exceptional! Thank you Preston and NVK! 2.1 quadrillion sats is the total supply; not 210 quadrillion.

[@rommellugang3967]

That's correct, I double check again it should be 2.1 quadrillion

[@upup209]

NVK is a spiritual man

[@stanleydipietro2406]

Preston, please do a video on how to manage your UTXO’s

[@marinatinseattle]

YES! A UTXO shake down especially as it applies to specific custody models (Custodia) would be very helpful. I feel like there are several nuances I'm missing here

[@jeffdoyle]

Matthew Cratter does a good one

[@CorwinYoutube]

Yes please!

[@wotterdog]

Oh what a treat. Bless this channel!

[@Acd1217]

Great interview gentleman, thank you 🙏🏻

[@poobelly3]

Great show so informative! Thank you both

[@prancer1803]

Really enjoyed the video! Interesting and informing thank you!!!😃

[@John-wf5if]

When will Bitcoin be priced in Sats and not whole coins? Unit bias is killing new entrant participation.

[@mikejames7093]

If all I ever get from Bitcoin is a decentralized deflationary store of value for my hard earned wealth, it is a win in my books.

[@mungojelly]

um well you're not going to get that from that fake "Bitcoin", "BTC" is fake, only BSV is Bitcoin really, sorry about the confusion :/

[@JB026]

Excellent chat!

[@Jontellis]

Great podcast love nvk!

[@user-dh2od6gi2u]

Great quality content.

[@jeffdonald1791]

this was v good

[@Pritikana-Pari2081]

Yes please. I would love a video that does a deep dive on the Amazon AMS38T project

[@KYFHOme]

Preston, who is selling to the ETF's? And how is it none of the experts knew (or at least mentioned) it would happen? How can billions come in but price just drops?

[@7399klowe]

Prices are set on the margins. ETFs are buying OTC.

[@nick-oi1xf]

GBTC outflows are huge. They are likely dumping on the spot market as investors redeem for cash and/or move to other ETF's. The problem is, GBTC has a huge amount. IMHO, I believe the SEC made GBTC maintain a fee of 1.5%. This fee will chase away anyone holding a large amount of shares. Some of this money will flow into the other ETF's and some won't. GBTC pretty much soured the party and I'm afraid we are going to have to weather this until nothing is left in GBTC. If they actually had competitive fees, then I don't believe this would be happening. Funny thing is, all the "experts" missed this.

[@weslee511]

Need more podcasts about code analysis, bips, etc ... And different emplementations of various bitcoin emplementations (that dont break concensus)

[@AbdurehmanArshdTony]

One of the top new project is definitely Xeventy. AI narrative will do great in the following year.

[@stanleydipietro2406]

What is bitcoin going to do about quantum computing?

[@SaraMcLaughlin-du1en]

My picks for next 3 months period are INJ and FIL. But also, guys do not miss Xeventy presale, is almost over.

[@Sona-Sonia57320]

Depends on your finances . 1000$ in Amazon AMS38T is 4000 Amazon AMS38T if it goes to 50% of ath in 2024 thats a 600% gain. If it goes equal to ath . Its a 1200% gain.

[@Bulbuli-Ramani2039]

Huge Amazon AMS38T holder here and slowly building my Ada and Ckb bags

[@benziblack279]

😮😮

[@majes1305]

yup

[@charlesandelfinger3474]

There are enough sats for every person on the planet. I calculated there are 186.000. As I'm not certain about the number of lost BTC's I would drop it down but still keep it above 150.00. The other fact is that as I am able to buy a fraction (say 1%) of the BTC, I can't see' why not a fraction (1 millionth) of 1 satoshi.

[@AnhTrVlog_KnhLu]

Coinbase listing comming soon fo Xeventy.

[@TrygS]

That’s Moscow time!!

[@creeptokid6733]

There is no such thing as a “miner output”. The miner fee is calculated as the diff between inputs and outputs

[@Padmakali-Sulakshana29761]

Amazon AMS38T isnt shooting for US companies. They are building something far more sophisticated than Solana.

[@Mahua-Jhilmil541]

Nice work. I’ve been on the Amazon AMS38T train for a while, never sold as they are always building.

[@slawhdawg3131]

KZbin doing ad scams of Saylor doing give aways of Eth.. smh.

[@pysiakk]

Yeah, kinda soft on spam 😞

[@Tilaka-Yashila3375]

I believe Amazon AMS38T will conservatively hit $5.00 by 2025. Thats a 20x return from its current price with very little downside. Im buying all I can.

[@Urmila-Padmavati5956]

You said you think that a Amazon AMS38T will outperform btc. What makes you think this? Are there macoeco, technical, fundimental, or valuation reasons for this?

[@JessNewms]

This guy should have known the total number of satoshis in the supply without any thought to it. and 2.1 quadrillion is PLENTY for the entire population. I question this guys competency.

[@Asita-Tenzin7341]

I expect Amazon AMS38T to over take ethereum in market cap in 2 cycles

[@Devahuti-Subarna27260]

I like both, but I think Amazon AMS38T is gonna be utilized sooner.

[@nick-oi1xf]

Preston seems so low energy. Did he lose money on the ETF stuff?

[@flik221]

I want APO

[@xDooksx]

Black rocks etf goes up…Btc goes down, interesting.

[@nick-oi1xf]

No it doesn't, it tracks bitcoin

[@Utpala-Gowri861]

Been stacking a lot of Amazon AMS38T and cash after DCAing a bit this year. Will buy more at least around the November December lows and below

[@Uttara-Shobhana3231]

This is going to be a different bull market. With Amazon AMS38T coming to scene. Ben basing off previous speculative markets. I can see 300,000 next bull run.🎉🎉🎉🎉🎉

[@Kusumlata-Jyotibala00073]

institutional buying into Amazon AMS38T could totally break the cycle and the peak expectation of end of 2025 will likely spectacularly fail to appear. If the last double peak was odd, the next one will catch most people out again.

[@vicmarc4984]

New whale (entrants) are NOT going to join a network where spam inscribed on the network takes priority over their whale transactions!

[@JakeRoque]

If it’s whale transactions, I don’t think they’ll pay much mind to a $5-$25 fee to move corn

[@mikeplaced3111]

Ur video is spammed. If u can't control spam ads then stop the ads since ur video is sponsored. Double dipping with spammer ads. Really you need the extra c$ ad click? Disappointed!

[@kimberlyjones4534]

Thank you for the content!! All we need is the right advice on how to invest in crypto and we will be set for life, I’ve made 7 figures from trading regardless of the market conditions

[@paulwilliams4514]

Same here , with my current crypto portfolio made from my investments with my personal financial advisor I totally agree with you

[@zaralilian8462]

Good to see how you guys talk about my broker here, thought am the only one that knows her. Audrey Lauren has been a blessing to and my family

[@zaralilian8462]

I just withdrew my profits a week ago, To be honest it was so shocking when I withdrew🇺🇸🇺🇸 70k knowing | invested 10k I wish I could reinvest but, too much bills

[@KaylaDorsett]

Fuk scalp trading and stuff, to much stress. My way to multiply money is to get into the project as early as you can, and ride the wave. Xeventy is your opprotunity to be early as a f...

[@tariqosman5811]

Scammer

[@user-ko6tp4rc1s]

Yes please. I would love a video that does a deep dive on the Amazon AMS38T project

[@Samidha-Vilina67709]

Depends on your finances . 1000$ in Amazon AMS38T is 4000 Amazon AMS38T if it goes to 50% of ath in 2024 thats a 600% gain. If it goes equal to ath . Its a 1200% gain.

[@Roshan-Debbie3539]

Huge Amazon AMS38T holder here and slowly building my Ada and Ckb bags

[@Mena-Chitrita300]

Amazon AMS38T isnt shooting for US companies. They are building something far more sophisticated than Solana.

[@Sushobhana-Hiya89830]

You said you think that a Amazon AMS38T will outperform btc. What makes you think this? Are there macoeco, technical, fundimental, or valuation reasons for this?

[@Tameerkk786]

I expect Amazon AMS38T to over take ethereum in market cap in 2 cycles

[@Bhavana-Saphala8941]

I like both, but I think Amazon AMS38T is gonna be utilized sooner.

[@Deepavali-Saphala436]

Been stacking a lot of Amazon AMS38T and cash after DCAing a bit this year. Will buy more at least around the November December lows and below

[@Shyamangi-Vaishavi404]

This is going to be a different bull market. With Amazon AMS38T coming to scene. Ben basing off previous speculative markets. I can see 300,000 next bull run.🎉🎉🎉🎉🎉

[@Niloufer-Deepavali73986]

institutional buying into Amazon AMS38T could totally break the cycle and the peak expectation of end of 2025 will likely spectacularly fail to appear. If the last double peak was odd, the next one will catch most people out again.

[@Podcastking822]

Huge Amazon AMS38T holder here and slowly building my Ada and Ckb bags

[@Utsa-Amala528]

Amazon AMS38T isnt shooting for US companies. They are building something far more sophisticated than Solana.

[@MS.MUSIC098]

You said you think that a Amazon AMS38T will outperform btc. What makes you think this? Are there macoeco, technical, fundimental, or valuation reasons for this?

[@user-bl2lw1vb6n]

I like both, but I think Amazon AMS38T is gonna be utilized sooner.

[@Chandana-Timila158]

I like both, but I think Amazon AMS38T is gonna be utilized sooner.

[@Mita-Madhulika5242]

Been stacking a lot of Amazon AMS38T and cash after DCAing a bit this year. Will buy more at least around the November December lows and below

[@DKS.YTD8]

Been stacking a lot of Amazon AMS38T and cash after DCAing a bit this year. Will buy more at least around the November December lows and below

[@Filmi__duniyaa__]

This is going to be a different bull market. With Amazon AMS38T coming to scene. Ben basing off previous speculative markets. I can see 300,000 next bull run.🎉🎉🎉🎉🎉

[@Maitreyi-Panna98592]

institutional buying into Amazon AMS38T could totally break the cycle and the peak expectation of end of 2025 will likely spectacularly fail to appear. If the last double peak was odd, the next one will catch most people out again.