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    <fireside:genDate>Wed, 15 Apr 2026 00:20:11 -0500</fireside:genDate>
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    <title>Citizen Web3 Podcast - Episodes Tagged with “Paulsztorc”</title>
    <link>https://podcast.citizenweb3.com/tags/paulsztorc</link>
    <pubDate>Thu, 24 Oct 2024 18:00:00 +0100</pubDate>
    <description>Exploring blockchain decentralization and the Web3 universe for over 5 years, through in-depth, hour-long conversations with builders, thinkers, and contributors—founders, validators, node operators, CTOs, VCs, DAOs, and privacy advocates. We explore critical topics: privacy, security, decentralization, technological progress, finance and cryptocurrencies dark sides, alongside personal stories of success, failure, and lessons learned.
Blockchain-agnostic and building for decentralization, Citizen Web3 runs off-the-grid, non-custodial validator infrastructure, contributing to public goods and Web3.  Support our work by staking with us: staking.citizenweb3.com/
</description>
    <language>en</language>
    <itunes:type>episodic</itunes:type>
    <itunes:subtitle>Conversations with Web3 Builders, Thinkers and Contributors </itunes:subtitle>
    <itunes:author>serejandmyself</itunes:author>
    <itunes:summary>Exploring blockchain decentralization and the Web3 universe for over 5 years, through in-depth, hour-long conversations with builders, thinkers, and contributors—founders, validators, node operators, CTOs, VCs, DAOs, and privacy advocates. We explore critical topics: privacy, security, decentralization, technological progress, finance and cryptocurrencies dark sides, alongside personal stories of success, failure, and lessons learned.
Blockchain-agnostic and building for decentralization, Citizen Web3 runs off-the-grid, non-custodial validator infrastructure, contributing to public goods and Web3.  Support our work by staking with us: staking.citizenweb3.com/
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    <itunes:keywords>web3, blockchain, ethereum, cosmos, polkadot, l1, l2, layer two, protocol, eth, podcast, crypto podcast, staking, technology, reward, tendermint, IT, finance, serejandmyself, citizen cosmos, citizen web3, crypto, decentralization, cryptocurrency, atom, ecosystem, community, interchain, the great web, how to stake, earn rewards for staking, validator, pos, securing networks, ecosystem development, defi, dao, privacy, bitcoin, internet of blockchains, infra, infrastructure, citizen web3 validator, citizen web3 staking, show, podcast about blockchain, blockchain podcast best, explaining cryptocurrency, what is blockchain podcast, best cryptocurrency podcast,  cryptocurrency podcast for beginners, alts, nodes, web3 business, web3 project, what is web3, how web3 works, how does web3 work, web3 help, how to enter web3, passive income, how to stake, communication, what blockchain should i invest in, should i learn blockchain, blockchain when to use, blockchain where to start, blockchain basics</itunes:keywords>
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  <title>Fiat, Markets and The Titanic with Paul Sztorc</title>
  <link>http://podcast.citizenweb3.com/paulsztorc</link>
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  <pubDate>Thu, 24 Oct 2024 18:00:00 +0100</pubDate>
  <author>serejandmyself</author>
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  <itunes:subtitle>This episode of the #citizenweb3 podcast features Paul Sztorc from LayerTwo Labs</itunes:subtitle>
  <itunes:duration>56:55</itunes:duration>
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  <description>This episode of the #citizenweb3 podcast features Paul Sztorc from LayerTwo Labs
Paul Sztorc emphasizes the importance of freedom, consent, and innovation in driving human progress and economic competitiveness. He uses historical comparisons and analogies, such as East vs. West Germany and the Titanic, to highlight the role of markets in solving problems and the discipline imposed by repeated interactions.
LayerTwo Labs focuses on enhancing Bitcoin through second-layer solutions like Drivechain, allowing multiple blockchains to operate alongside Bitcoin. Their goal is to drive innovation and scalability in the crypto space.
We spoke to Paul Sztorc (https://x.com/Truthcoin)  about LayerTwo Labs (https://x.com/LayerTwoLabs) and:
Taking over the worst fiat currencies
The winning coin
East vs West Germany
North vs South Korea
Gulag Archipelago vs The Great Gatsby
Increase competitiveness
The formula is freedom, consent, innovation
We will never reach a state where we have solved every problem
First world problems
We've made enormous moral progress
Prediction market in the abstract
Spoken language, Printing press and the internet
Corner of the oracle
Multi-dimensional markets
The best layer will win and the others will lose
Repeated interactions impose discipline
The Titanic would never sink
Timestamps
00:00 – 22:00 : Intro 
22:00 -- 28:05 : Prediction markets
28:05 -- 39:15 : L2
39:15 -- 47:40 : Merge mining
47:40 -- 56:55 : Bitcoin maximalist attitude
If you like what we do at Citizen Web3:
Stake with Citizen Web3 validator (https://www.citizenweb3.com/staking)
Listen to the YouTube version (https://youtu.be/yIWTeSvYVvk)
Follow us on Twitter (https://twitter.com/citizen_web3)
Sign up to the RSS feed (https://www.citizenweb3.com/rss)
Special Guest: Paul Sztorc.
</description>
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  <content:encoded>
    <![CDATA[<hr>

<p>This episode of the #citizenweb3 podcast features Paul Sztorc from LayerTwo Labs</p>

<p>Paul Sztorc emphasizes the importance of freedom, consent, and innovation in driving human progress and economic competitiveness. He uses historical comparisons and analogies, such as East vs. West Germany and the Titanic, to highlight the role of markets in solving problems and the discipline imposed by repeated interactions.</p>

<p>LayerTwo Labs focuses on enhancing Bitcoin through second-layer solutions like Drivechain, allowing multiple blockchains to operate alongside Bitcoin. Their goal is to drive innovation and scalability in the crypto space.</p>

<hr>

<h5>We spoke to <a href="https://x.com/Truthcoin" rel="nofollow">Paul Sztorc</a>  about <a href="https://x.com/LayerTwoLabs" rel="nofollow">LayerTwo Labs</a> and:</h5>

<ul>
<li>Taking over the worst fiat currencies</li>
<li>The winning coin</li>
<li>East vs West Germany</li>
<li>North vs South Korea</li>
<li>Gulag Archipelago vs The Great Gatsby</li>
<li>Increase competitiveness</li>
<li>The formula is freedom, consent, innovation</li>
<li>We will never reach a state where we have solved every problem</li>
<li>First world problems</li>
<li>We&#39;ve made enormous moral progress</li>
<li>Prediction market in the abstract</li>
<li>Spoken language, Printing press and the internet</li>
<li>Corner of the oracle</li>
<li>Multi-dimensional markets</li>
<li>The best layer will win and the others will lose</li>
<li>Repeated interactions impose discipline</li>
<li>The Titanic would never sink</li>
</ul>

<p>Timestamps</p>

<p>00:00 – 22:00 : Intro <br>
22:00 -- 28:05 : Prediction markets<br>
28:05 -- 39:15 : L2<br>
39:15 -- 47:40 : Merge mining<br>
47:40 -- 56:55 : Bitcoin maximalist attitude</p>

<hr>

<h5>If you like what we do at Citizen Web3:</h5>

<ul>
<li>Stake with Citizen Web3 <a href="https://www.citizenweb3.com/staking" rel="nofollow">validator</a></li>
<li>Listen to the <a href="https://youtu.be/yIWTeSvYVvk" rel="nofollow">YouTube version</a></li>
<li>Follow us on <a href="https://twitter.com/citizen_web3" rel="nofollow">Twitter</a></li>
<li>Sign up to the <a href="https://www.citizenweb3.com/rss" rel="nofollow">RSS feed</a></li>
</ul><p>Special Guest: Paul Sztorc.</p><p>Links:</p><ul><li><a title="Adam Buck" rel="nofollow" href="https://en.wikipedia.org/wiki/Adam_Buck">Adam Buck</a></li><li><a title="America" rel="nofollow" href="https://en.wikipedia.org/wiki/United_States">America</a></li><li><a title="Bitcoin" rel="nofollow" href="https://bitcoin.org/en/">Bitcoin</a></li><li><a title="Bitcoinhivemind" rel="nofollow" href="https://bitcoinhivemind.com/">Bitcoinhivemind</a></li><li><a title="Blockstream" rel="nofollow" href="https://blockstream.com/">Blockstream</a></li><li><a title="BIP 300" rel="nofollow" href="https://github.com/bitcoin/bips/blob/master/bip-0300.mediawiki">BIP 300</a></li><li><a title="BIP 301" rel="nofollow" href="https://github.com/bitcoin/bips/blob/master/bip-0301.mediawiki">BIP 301</a></li><li><a title="Donald Trump" rel="nofollow" href="https://en.wikipedia.org/wiki/Donald_Trump">Donald Trump</a></li><li><a title="East Germany" rel="nofollow" href="https://en.wikipedia.org/wiki/East_Germany">East Germany</a></li><li><a title="Edmund Edgar: Reality Keys" rel="nofollow" href="https://epicenter.tv/episodes/033">Edmund Edgar: Reality Keys</a></li><li><a title="Eric Wall" rel="nofollow" href="https://www.linkedin.com/in/ercwl/?originalSubdomain=pt">Eric Wall</a></li><li><a title="Ethereum" rel="nofollow" href="https://ethereum.org/">Ethereum</a></li><li><a title="Fabricoin" rel="nofollow" href="https://fabricoin.com/">Fabricoin</a></li><li><a title="Joe Rogan" rel="nofollow" href="https://www.joerogan.com/">Joe Rogan</a></li><li><a title="LayerTwo Labs" rel="nofollow" href="https://layertwolabs.com/">LayerTwo Labs</a></li><li><a title="Lightning Network" rel="nofollow" href="https://lightning.network/">Lightning Network</a></li><li><a title="Litecoin" rel="nofollow" href="https://litecoin.com/en/">Litecoin</a></li><li><a title="Michael Saylor" rel="nofollow" href="https://en.wikipedia.org/wiki/Michael_J._Saylor">Michael Saylor</a></li><li><a title="Named coin" rel="nofollow" href="https://www.namecoin.org/">Named coin</a></li><li><a title="Netflix" rel="nofollow" href="https://www.netflix.com/">Netflix</a></li><li><a title="North Korea" rel="nofollow" href="https://en.wikipedia.org/wiki/North_Korea">North Korea</a></li><li><a title="Polymarket" rel="nofollow" href="https://polymarket.com/">Polymarket</a></li><li><a title="Robin Hansen" rel="nofollow" href="https://en.wikipedia.org/wiki/Robin_Hanson">Robin Hansen</a></li><li><a title="SimCity" rel="nofollow" href="https://www.ea.com/games/simcity">SimCity</a></li><li><a title="South Korea" rel="nofollow" href="https://en.wikipedia.org/wiki/South_Korea">South Korea</a></li><li><a title="Star Wars episode 1" rel="nofollow" href="https://www.imdb.com/title/tt0120915/">Star Wars episode 1</a></li><li><a title="The Great Gatsby" rel="nofollow" href="https://www.goodreads.com/book/show/4671.The_Great_Gatsby?from_search=true&amp;from_srp=true&amp;qid=2kthHeTNJ7&amp;rank=1">The Great Gatsby</a></li><li><a title="The Gulag Archipelago" rel="nofollow" href="https://www.goodreads.com/book/show/70561.The_Gulag_Archipelago_1918_1956">The Gulag Archipelago</a></li><li><a title="Truthcoin" rel="nofollow" href="https://www.truthcoin.info/">Truthcoin</a></li><li><a title="Vitalik Buterin" rel="nofollow" href="https://en.wikipedia.org/wiki/Vitalik_Buterin">Vitalik Buterin</a></li><li><a title="West Germany" rel="nofollow" href="https://en.wikipedia.org/wiki/West_Germany">West Germany</a></li><li><a title="Zcash" rel="nofollow" href="https://z.cash/">Zcash</a></li></ul>]]>
  </content:encoded>
  <itunes:summary>
    <![CDATA[<hr>

<p>This episode of the #citizenweb3 podcast features Paul Sztorc from LayerTwo Labs</p>

<p>Paul Sztorc emphasizes the importance of freedom, consent, and innovation in driving human progress and economic competitiveness. He uses historical comparisons and analogies, such as East vs. West Germany and the Titanic, to highlight the role of markets in solving problems and the discipline imposed by repeated interactions.</p>

<p>LayerTwo Labs focuses on enhancing Bitcoin through second-layer solutions like Drivechain, allowing multiple blockchains to operate alongside Bitcoin. Their goal is to drive innovation and scalability in the crypto space.</p>

<hr>

<h5>We spoke to <a href="https://x.com/Truthcoin" rel="nofollow">Paul Sztorc</a>  about <a href="https://x.com/LayerTwoLabs" rel="nofollow">LayerTwo Labs</a> and:</h5>

<ul>
<li>Taking over the worst fiat currencies</li>
<li>The winning coin</li>
<li>East vs West Germany</li>
<li>North vs South Korea</li>
<li>Gulag Archipelago vs The Great Gatsby</li>
<li>Increase competitiveness</li>
<li>The formula is freedom, consent, innovation</li>
<li>We will never reach a state where we have solved every problem</li>
<li>First world problems</li>
<li>We&#39;ve made enormous moral progress</li>
<li>Prediction market in the abstract</li>
<li>Spoken language, Printing press and the internet</li>
<li>Corner of the oracle</li>
<li>Multi-dimensional markets</li>
<li>The best layer will win and the others will lose</li>
<li>Repeated interactions impose discipline</li>
<li>The Titanic would never sink</li>
</ul>

<p>Timestamps</p>

<p>00:00 – 22:00 : Intro <br>
22:00 -- 28:05 : Prediction markets<br>
28:05 -- 39:15 : L2<br>
39:15 -- 47:40 : Merge mining<br>
47:40 -- 56:55 : Bitcoin maximalist attitude</p>

<hr>

<h5>If you like what we do at Citizen Web3:</h5>

<ul>
<li>Stake with Citizen Web3 <a href="https://www.citizenweb3.com/staking" rel="nofollow">validator</a></li>
<li>Listen to the <a href="https://youtu.be/yIWTeSvYVvk" rel="nofollow">YouTube version</a></li>
<li>Follow us on <a href="https://twitter.com/citizen_web3" rel="nofollow">Twitter</a></li>
<li>Sign up to the <a href="https://www.citizenweb3.com/rss" rel="nofollow">RSS feed</a></li>
</ul><p>Special Guest: Paul Sztorc.</p><p>Links:</p><ul><li><a title="Adam Buck" rel="nofollow" href="https://en.wikipedia.org/wiki/Adam_Buck">Adam Buck</a></li><li><a title="America" rel="nofollow" href="https://en.wikipedia.org/wiki/United_States">America</a></li><li><a title="Bitcoin" rel="nofollow" href="https://bitcoin.org/en/">Bitcoin</a></li><li><a title="Bitcoinhivemind" rel="nofollow" href="https://bitcoinhivemind.com/">Bitcoinhivemind</a></li><li><a title="Blockstream" rel="nofollow" href="https://blockstream.com/">Blockstream</a></li><li><a title="BIP 300" rel="nofollow" href="https://github.com/bitcoin/bips/blob/master/bip-0300.mediawiki">BIP 300</a></li><li><a title="BIP 301" rel="nofollow" href="https://github.com/bitcoin/bips/blob/master/bip-0301.mediawiki">BIP 301</a></li><li><a title="Donald Trump" rel="nofollow" href="https://en.wikipedia.org/wiki/Donald_Trump">Donald Trump</a></li><li><a title="East Germany" rel="nofollow" href="https://en.wikipedia.org/wiki/East_Germany">East Germany</a></li><li><a title="Edmund Edgar: Reality Keys" rel="nofollow" href="https://epicenter.tv/episodes/033">Edmund Edgar: Reality Keys</a></li><li><a title="Eric Wall" rel="nofollow" href="https://www.linkedin.com/in/ercwl/?originalSubdomain=pt">Eric Wall</a></li><li><a title="Ethereum" rel="nofollow" href="https://ethereum.org/">Ethereum</a></li><li><a title="Fabricoin" rel="nofollow" href="https://fabricoin.com/">Fabricoin</a></li><li><a title="Joe Rogan" rel="nofollow" href="https://www.joerogan.com/">Joe Rogan</a></li><li><a title="LayerTwo Labs" rel="nofollow" href="https://layertwolabs.com/">LayerTwo Labs</a></li><li><a title="Lightning Network" rel="nofollow" href="https://lightning.network/">Lightning Network</a></li><li><a title="Litecoin" rel="nofollow" href="https://litecoin.com/en/">Litecoin</a></li><li><a title="Michael Saylor" rel="nofollow" href="https://en.wikipedia.org/wiki/Michael_J._Saylor">Michael Saylor</a></li><li><a title="Named coin" rel="nofollow" href="https://www.namecoin.org/">Named coin</a></li><li><a title="Netflix" rel="nofollow" href="https://www.netflix.com/">Netflix</a></li><li><a title="North Korea" rel="nofollow" href="https://en.wikipedia.org/wiki/North_Korea">North Korea</a></li><li><a title="Polymarket" rel="nofollow" href="https://polymarket.com/">Polymarket</a></li><li><a title="Robin Hansen" rel="nofollow" href="https://en.wikipedia.org/wiki/Robin_Hanson">Robin Hansen</a></li><li><a title="SimCity" rel="nofollow" href="https://www.ea.com/games/simcity">SimCity</a></li><li><a title="South Korea" rel="nofollow" href="https://en.wikipedia.org/wiki/South_Korea">South Korea</a></li><li><a title="Star Wars episode 1" rel="nofollow" href="https://www.imdb.com/title/tt0120915/">Star Wars episode 1</a></li><li><a title="The Great Gatsby" rel="nofollow" href="https://www.goodreads.com/book/show/4671.The_Great_Gatsby?from_search=true&amp;from_srp=true&amp;qid=2kthHeTNJ7&amp;rank=1">The Great Gatsby</a></li><li><a title="The Gulag Archipelago" rel="nofollow" href="https://www.goodreads.com/book/show/70561.The_Gulag_Archipelago_1918_1956">The Gulag Archipelago</a></li><li><a title="Truthcoin" rel="nofollow" href="https://www.truthcoin.info/">Truthcoin</a></li><li><a title="Vitalik Buterin" rel="nofollow" href="https://en.wikipedia.org/wiki/Vitalik_Buterin">Vitalik Buterin</a></li><li><a title="West Germany" rel="nofollow" href="https://en.wikipedia.org/wiki/West_Germany">West Germany</a></li><li><a title="Zcash" rel="nofollow" href="https://z.cash/">Zcash</a></li></ul>]]>
  </itunes:summary>
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