 In regards to us reaching the scaling issue, which out of the two primary solutions to be on Segwit Do you think is the best and also could you just explain the advantages and disadvantages in each one? So I Won't take a position on scaling options for a simple reason. I think we will do all of them We will do Segwit segregated witness is an architectural change the structure of a transaction that removes the Signatures from inside a transaction places them in an extension of a transaction it solves a number of problems including transaction malleability Quadratic hashing which is a problem that occurs that can lead to develop service It allows for second-layer implementations such as lightning network and other things like that And extends the capacity of Bitcoin By at least a factor of two possibly two point seven Based on some estimates depending on how many people use it We're going to do Segwit. It's a good test of solution. It's available today I think it's going to happen before the end of the year I was more optimistic at the beginning of the year when it was first proposed, and then it received a lot of pushback I am still optimistic that it will happen and then We will also increase the base block size and with Segwit Multiply that base block size increase by two at least and get four to eight megabytes of Capacity in Bitcoin and then we're going to implement shore signatures and Maybe a bunch of other technologies Spoon net which is a refactoring of the block header to introduce a new capabilities and flexibilities into the system Maybe flexible transactions maybe different types of Digital signature algorithms all of the above scaling is not something that is solved once Scaling is a moving target as You achieve each level of scale That opens the door for new applications those applications immediately consume all of the available capacity that you just made available And the problem starts again. We've seen this the internet has been failing to scale for 25 years Oh use that this full of spam. What are we going to do now? Oh, let's scale up. You use CP. Oh email is impossible to route It takes days to get it across the internet and the fees are so ridiculous. Oh, we solved that. Oh wait now Everybody's using email what image attachments. How the hell are we going to route all of that? Oh Damn they figured out image attachments HD porn Audio We can't do audio on the internet. Are you crazy? We don't have the capacity for that And that got upgraded and then it was video and then it was high-def video And then it was Netflix and YouTube and everybody watching video on the internet And as soon as we solve these problems We create the opportunity for new problems Because if you gave me ten times the capacity on the internet right now all across the world as an internet Engineer, what would I do? Use it instantly all of it VR 364k streaming video to everyone Of the muffin I'm eating in the cafe Done Gone all of the capacity gone Instantly right and you give me 10x again and it all great fantastic Holographic 3d VR Simulations of entire worlds virtual worlds being transmitted. Oh, by the way download my AI It's only six petabytes Don't you have good 25g service on your mobile Scaling is something that is a moving target Because scaling is an aspirational goal that engineers look at and say what more could we do if we had scale You have a system that allows you to do global transactions without borders that delivers a level of Planetary scale in utility for every one of those transactions Instantaneously open to anyone in the world outside of the control of governments and banks It costs a dollar Maybe two boo-hoo And we're gonna make it cheaper and faster and then as soon as we do people will want to put more data on the blockchain And then more data on the blockchain and the rate of transactions will increase and we will reach visa scale And six months later We will reach two times visa scale because we're on an exponential curve and they're on a linear one And and one here later with ten times visa scaled and then we're talking about Micropayments between internet of things devices that are buying priority access to Traffic lane for an emergency vehicle by bribing the other cars to move the hell out of the way Why not? I can invent ten other applications that would chew up all of the capacity of the Bitcoin network today And that's what everybody's going to do scaling gets fixed By trying new problem new solutions to each problem as they come along and we will never fix scaling All we can hope to do is fail gracefully For 25 years just like the internet has and if we do that The world's our oyster right we get systems that are massive scalable and impact everybody's life But we don't solve scaling so we're going to do all of the above And I'm a fan of anything that works is technically sensible is not disruptive. It's maintainable And it doesn't violate some of the core principles of decentralization. It doesn't give power to anyone We can change the rules as often as we like we should not to point rulers in order to do that