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

December 04, 2023 01:18:33
Episode Cover

Guy's Take_076 - Fiat Money's Dark Secret

The free market works because economic decisions are made by people who have skin in the game. When you spend $100 you have earned,...

Listen

Episode

November 29, 2023 01:00:30
Episode Cover

Ai_009 - 5 Ways You Should be Using Ai

If you are looking to maximize your productivity, to use the Ai tools available in a way that genuinely gives you that 5x improvement...

Listen

Episode

January 14, 2021 01:05:10
Episode Cover

Read_485 - Why Bitcoin Is Not a Ponzi Scheme [Lyn Alden]

“From the begin­ning, Bitcoin has remained an open source and fully trans­parent project, and has the most organic growth trajec­tory of the industry. Given...

Listen