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"Keeping Bitcoin running is the primary concern here. Making sure that Bitcoin is available to be used as money by everyday people, any actor who wants to come onto Bitcoin and send one UTXO from one to another. That's the most important piece for me when thinking about defending Bitcoin.And the biggest difference, of course, is that this is a decentralised system. There is no central controller. There's no central control room giving out commands and saying 'this has to change, you must do this.'We are a decentralised group of individuals who are acting on the network. And so the defence of the system is not down to, say, the CEO dictating that everyone has to have their password be 64 characters and change it every three months, which is bad practise, by the way. It's everyone working together to do their part. So that's the biggest difference." ~ Luke de Wolf I sat down with Luke de Wolf to talk about the real security risks facing Bitcoin today. Luke has spent his career protecting critical industrial control systems like oil pipelines and electrical grids. Now, he is taking that hardcore cybersecurity mindset and applying it to the Bitcoin network in his brand new book, *Defending Bitcoin*. And trust me, it is a conversation you need to hear. We spent a lot of time debating the heated topic of arbitrary data and the drama surrounding BIP 110. Should we enforce strict rules to keep the blockchain pure, or is trying to force a chain split a bigger threat to Bitcoin's integrity as money? Luke actually changed his mind on this recently, and he lays out exactly why the stakes could be too high to play games with consensus. His perspective really cuts through the noise and challenges the tribal thinking happening on both sides. But we didn't just stop there. We also get into mining centralization, selfish mining attacks, and why we need to view Bitcoin as high-stakes critical infrastructure. The decisions we make now could determine if this network survives long-term. Guest Links Luke on X (Link: https://twitter.com/lukedewolf) BTCHel's Website (Link: https://btchel.com/) Defending Bitcoin's Website (Link: https://defendingbitcoin.com/) Bitcoin Infinity Show on YouTube (Link: https://www.youtube.com/@BitcoinInfinityShow) Affiliate Links Become sovereign, hold your keys, be censorship resistant with the Bitbox hardware wallet. Get 5% off everything in the store with code GUY (Link: https://bitbox.swiss/) Get 10% off the best Bitcoin board game in the world, HODLUP! Or any of the other great games from The Free Market Kids! Use code GUY10 at checkout for 10% off your cart! (Link: https://www.freemarketkids.com/collections/games-1) (Under construction) Check out the list of products and services I use and recommend on BitcoinAudible.com (Link: https://bitcoinaudible.com/) Host Links ?Guy on Nostr ?(Link: http://tinyurl.com/2xc96ney) ?Guy on X ?(Link: https://twitter.com/theguyswann) G... Chapters (00:00:00) - Introduction(00:06:21) - Applying industrial control systems logic to Bitcoin(00:11:29) - Real-world physical system risks and attacks(00:20:15) - Bridging critical infrastructure cybersecurity(00:27:45) - The CIA triad and decentralization(00:32:32) - The arbitrary data and BIP 110 controversy(00:38:28) - Hash rate centralization and mining power(00:46:42) - Data limits and the op_return debate(00:57:56) - Inscriptions as an exploit in Bitcoin script(01:04:16) - Taproot consequences and the problem with Tapscript(01:14:43) - Fee spikes and competing with arbitrary data(01:28:54) - Why enforcing BIP 110 risks a chaotic split(01:42:07) - Bitcoin Core governance issues(01:53:35) - Closing thoughts and where to find Luke
