“We have a lot of things that make me extremely bullish on Bitcoin… did I wish this to happen on the world? Absolutely not, I wish we didn’t need to have Bitcoin because we could trust, but we can’t.”— Dan HeldDan Held is the Growth Lead at Kraken. In this interview, we discuss the splintering and factionalization of the Bitcoin community, trying to be honest in a toxic environment, update on the Bitcoin supercycle, and Bitcoin application (selling, hodling, lending, and collateralizing).- - - - Bitcoin is under almost constant attack, but despite significant pressures, efforts to ensure the technology remains truly decentralised and open have been successful, in a large part, thanks to the toxicity within the bitcoin community. But those who have worked at close quarters to the Bitcoin ecosystem have witnessed a rapid evolution and segmentation of beliefs, business proposals, and market for what is still a nascent innovation. The original libertarian community that nurtured Bitcoin has been diluted by new groups. Conservatives and progressives have aligned themselves to Bitcoin with their own dogmas. In the wake of the maximalist victory in the Blocksize Wars new divisions have arisen based on divergent ideologies. Can we find a unifying narrative to coalesce these factions?Equally, the industry that has developed around the unique monetary and payment characteristics of the technology has resulted in an explosion of new products and features. No longer is Bitcoin merely a static store of value: hodlers can now lend, short, and collateralize their asset. Should we fully embrace the investment opportunities this asset can provide?Finally, the cyclical nature of the asset price has continued to evolve. Macro forces, game theory, and geo-political events are potentially aligning to create a supercycle: a new phase of adoption that could propel Bitcoin into becoming a global reserve currency to rival gold. Will those who have prevised such a future be proven right?Are we finally about to enter a phase when Bitcoin matures and becomes money for all? This episode’s sponsors:Gemini - Buy Bitcoin instantlyBlockFi - The future of Bitcoin financial servicesSportsbet.io - Online sportsbook & casino that accepts BitcoinCasa - The leading provider of Bitcoin multisig key security.Ledger - State of the art Bitcoin hardware walletCompass Mining - Bitcoin mining & hostingLVL - Bank on BitcoinBCB Group - Global digital financial Services-----WBD495 - Show Notes-----If you enjoy The What Bitcoin Did Podcast you can help support the show by doing the following:Become a Patron and get access to shows early or help contributeMake a tip:Bitcoin: 3FiC6w7eb3dkcaNHMAnj39ANTAkv8Ufi2SQR Codes: BitcoinIf you do send a tip then please email me so that I can say thank youSubscribe on iTunes | Spotify | Stitcher | SoundCloud | YouTube | Deezer | TuneIn | RSS FeedLeave a review on iTunesShare the show and episodes with your friends and familySubscribe to the newsletter on my websiteFollow me on Twitter Personal | Twitter Podcast | Instagram | Medium | YouTubeIf you are interested in sponsoring the show, you can read more about that here or please feel free to drop me an email to discuss options.Show more
