Thursday, 20 October 2022

Blockchain.poker

submitted by /u/Spencer865
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source https://www.reddit.com/r/btc/comments/y8dp01/blockchainpoker/

Impervious Launches Their P2P Lightning-Enabled Internet Browser

submitted by /u/undertheradar48
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Podcast Summary: Is BTC Maximalism Fading Away?

Nic Carter is a founding partner of Castle Island Ventures, and a prominent voice in the crypto community.

In this episode of The Scoop, host Frank Chaparro welcomes Nic on to discuss his thoughts on BTC maximalism, crypto regulation, stablecoins, and the best opportunities in crypto right now.

Read our notes below to learn more.

Crypto Regulation

Being wrong about timing is the same thing as being wrong: Nic thought regulators would be more aggressive earlier.
Every country experienced retail losses from LUNA collapse .
LUNA collapse was a failure of expectations, as it was thought to be stable.
Gold was illegal in 1930s and 1940s because it was an alternative to US government debt.
Governments want you to hold their debt, not crypto, even if it’s stablecoins.
Crypto should be more proactive on regulation, rather than just waiting for regulators.
Crypto isn’t as transparent as people think it is, as most people don’t have the ability to access the onchain information.
Protocols should be providing onchain information to users.

Thoughts on Stablecoins

Circle USDC has become the most credible stablecoin.
Stablecoin regulation compliance models include state trust charters, onshore money transmitters and offshore methods.
Stablecoins take different approaches to OFAC compliance.
Is it fair to call them “stablecoins” when fiat currencies experience high inflation?
Stablecoins should include interest to help offset the inflation.
Holding stablecoins instead of buying US Treasuries shows that people think there is 10% yield to be found in crypto.

Frank

Purpose of fiat currencies is not to keep price stable, but to provide a medium of exchange.
Stablecoins are actually stable in crypto, because everything else is extremely volatile.

Thoughts on BTC Maximilism

Anyone that holds BTC is a Bitcoiner.
Nic separated himself from the more religious part of BTC community.
Money and religion are distinct, should stay this way.
Many things such as fitness, veganism, environmental activism, and BTC are ways for people to maintain some religious practices without actually being religious.
Bitcoiners may have overstated role BTC plays in energy transition in the U.S.

How Castle Island is Positioned

Valuations are down, founder quality is up.
Fund is deploying at a healthy rate, especially in DeFi.
DeFi has been unloved in crypto the past year from VC.
Most crypto data in mainstream media is wrong.
Castle Island is interested in NFTs with utility and use cases.

Most Overlooked Opportunities

BTC-related startups were overlooked for a while, not anymore.
Nic values businesses focused on onboarding the ‘global south’.
Nic values undercollateralized lending innovation; this is how crypto will get out of the credit crisis.
Successful crypto lending firms will transition into blockchain based model.
Forward-looking crypto lenders will use hybrid model: they rely on legal contracts but also benefit from putting activity onchain.
This transparency helps regulators and clients.
Insurgent companies, rather than established ones, bring new ideas.

This summary was originally posted on The Daily Bolt, which is a 100% free no-nonsense daily crypto newsletter by Revelo Intel.

submitted by /u/ReveloIntel
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source https://www.reddit.com/r/btc/comments/y8cgap/podcast_summary_is_btc_maximalism_fading_away/

I’m completely new to this but is it good to buy ?

Is it a good idea to buy like 2 bitcoins or something like that instead of just keeping it in the bank ?

submitted by /u/RaritySparkle
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source https://www.reddit.com/r/btc/comments/y89hoo/im_completely_new_to_this_but_is_it_good_to_buy/

Wednesday, 19 October 2022

Bitcoin is both an inflation hedge and a risk asset that follows stocks, says Martin Leinweber, MarketVector Indexes digital asset product strategist. But, "what bitcoin is not, is a pure CPI hedge," he adds.

Watch the full video here: https://www.coindesk.com/video/bitcoin-clinging-to-mid-dollar19k-will-fed-pivot-bring-relief-to-the-cryptocurrency/?utm_source=reddit&utm_campaign=bitcoin22-19kmidollar-cling-video&utm_medium=socialadd&utm_id=C23

submitted by /u/coindesk
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source https://www.reddit.com/r/btc/comments/y7jgvw/bitcoin_is_both_an_inflation_hedge_and_a_risk/

Towards a circular bitcoin economy - please forgive my ignorance

We have all heard of silk road and I'm sure this topic has been discussed in the past, but I'm looking for updated information.

Does anyone know of an online marketplace where goods/services can be listed for sale and traded peer-to-peer for bitcoin legally? Ideally, buyers and sellers could/should remain anonymous, with ratings/reviews serving as the basis of merchant trust (customer trust being unnecessary as we're talking about bitcoin payments only). The service that matches buyer and seller receives a (very) small fee, sort of like Amazon, Craigslist, etc (other than the taking a very small cut part). Private parties would be responsible for paying applicable taxes on any profits made just like a flea market, etc.

I find it weird that I don't know of such a website/service yet and the whole concept seems like a major gap that needs to be filled. Are there legal ramifications I'm not considering that are preventing such a thing? I ask, because this would be the only way I would ever be willing to part with my bitcoin (and even then, I'd just buy more with fiat to replace it) and something that I would really like to see happen someday to cut out all the greedy middle men polluting the current system.

Thanks in advance for your collective insights.

submitted by /u/Apprehensive-Log-849
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