Read_405 - Bitcoin May Not Survive a Bitcoin Standard [Hasu]

June 19, 2020 00:39:30
Read_405 - Bitcoin May Not Survive a Bitcoin Standard [Hasu]
Bitcoin Audible
Read_405 - Bitcoin May Not Survive a Bitcoin Standard [Hasu]

Jun 19 2020 | 00:39:30

/

Hosted By

Guy Swann

Show Notes

"While Bitcoin can control the number of users inside the network, it has no control over the number of users accessing the network through custodial banks. The growth of this banking layer is outside of the protocol’s control and could grow into a systemic risk for Bitcoin." - Hasu

A very interesting thought experiment from returning author Hasu, on the potential risks of a Bitcoin future without a trustless means of transacting.  If most Bitcoin traded is a custodial IOU, could Bitcoin fall victim to the same fate as Gold? Find out more in today's read!

Check out the original and other great insights at Deribit.com:
https://insights.deribit.com/market-research/why-bitcoin-might-not-survive-a-bitcoin-standard/

Don't forget to setup your auto-buy Bitcoin Savings Plan at the lowest cost, and simplest service of Swan Bitcoin! SwanBitcoin.com/guy will get you some free sats for signing up, and also help support the longevity of Bitcoin Audible!

Don't forget offer code CC for 30% off tickets to BitBlockBoom! Come to the true Bitcoin Maximalist conference and lets hang out and talk about Bitcoin

--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

Other Episodes

Episode

April 24, 2018 00:33:06
Episode Cover

CryptoQuikRead_054 - The Long Road To Segwit

The segwit protocol upgrade was the biggest and most controversial software change in Bitcoin's history.  Listne to Aaron Van Wirdum's article at BitcoinMagazine.com to...

Listen

Episode

May 24, 2021 01:24:29
Episode Cover

Read_529 - QE, MMT, Inflation & Deflation - Part 1 [Lyn Alden]

"Quantitative easing (QE) occurs when central banks, such as the U.S. Federal Reserve, create new money to buy government bonds or other securities. Some...

Listen

Episode

May 26, 2021 01:21:27
Episode Cover

Read_529 - PART 2: The Inflation/Deflation Debate [Lyn Alden]

"deflation is the natural order of a productive economy. If we were using a hard money standard like gold, for example, we would expect...

Listen