Jun 1, 2026 · 20 min · 9 segments
Every Bitcoin Layer 2 quietly depends on a trusted operator to order transactions and that's the single point of failure Jeremy Rubin wants to kill. In this MIT Bitcoin Expo conversation with Bitcoin…
Jeremy RubinGuestShinobiHost
If miners made their ASICs such that if you ever find a valid work template for a particular block height and then you run it on another cycle after you've had a valid work template, it blows up your ASIC.
But that would be pretty cool if you like burned in a bit and were like, okay, never this height again.
And a staking network works almost exactly like this because if you ever equivocate over what you've signed previously, you blow up your mining rig, which is really just locked up Bitcoin.
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If miners made their ASICs such that if you ever find a valid work template for a particular block height and then you run it on another cycle after you've had a valid work template, it blows up your ASIC.
But that would be pretty cool if you like burned in a bit and were like, okay, never this height again.
And a staking network works almost exactly like this because if you ever equivocate over what you've signed previously, you blow up your mining rig, which is really just locked up Bitcoin.
