TL;DR: The Peter Ryan Report is a series on the CoinSpice Podcast Network. Each episode, Ryan examines the world of cryptocurrency from a perspective you’re not likely to hear anywhere else. In episode 5, he takes on the subject of the hard fork: the good, bad, ugly. Just as you cannot put toothpaste back in the tube, you cannot put the fork back in the Bitcoin — they’re a fact of life now. Ryan is steeped in the ecosystem, having been a noted analyst at larger news outlets and, more recently, Executive Producer for a new documentary on Amazon Prime, Rizqi Presents: Blockchain, a six part series, exploring crypto in-depth. He’s also head of Ryan Research. This podcast episode is available embedded in the article below, and on YouTube, iTunes, Spotify, Google Podcasts, Stitcher, Radio Public, Breaker, PocketCasts, PodBean, and Overcast.
The Peter Ryan Report 5: Hard Fork Freedom
Blockchain hard forks are scary. They involve change, complicated mathematical problems, and are riddled with human assumptions — some better, some worse. For Ryan, the issue is nuanced, and ultimately comes down to voice and exit.
Two principal ways people traditionally resolve conflict peacefully: by making their displeasure known, hoping to be taken seriously, and/or simply by leaving. Forks accomplish these, and are part of what makes cryptocurrency so wonderful. You can leave.
They’re by definition, when contentious, countermajoritarian, which means they’re for rebels, outsiders, those looking to move in another direction. Forks are perfectly in the tradition of open source, encouraged, celebrated sources of innovation. But there’s also a downside to them, and Ryan isn’t shy about a fork’s costs short and long term.
- The Peter Ryan Report on CoinSpice 5
- Host C. Edward Kelso
- Rizqi Presents: Blockchain
- Peter Ryan Twitter
- Ryan Research
CONTINUE THE SPICE and check out our piping hot VIDEOS. Our podcast, The CoinSpice Podcast, has amazing guests. Follow CoinSpice on Twitter. Join our Telegram feed to make sure you never miss a post. Drop some BCH at the merch shop — we’ve got some spicy shirts for men and women. Don’t forget to help spread the word about CoinSpice on social media.