Dan Held

What happens when rebel money becomes institutional money? In this episode, David sits down with Bitcoin OG Dan Held to ask whether Bitcoin is actually going according to plan. They unpack Bitcoin’s cypherpunk origins, the rise of ETFs and corporate treasuries, Michael Saylor’s influence, Bitcoin’s missed scaling opportunities, privacy tradeoffs, quantum risk, the Satoshi mystery, and why Dan thinks Bitcoin can still flip gold. --- 📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24 https://bankless.cc/spotify-premium --- BANKLESS SPONSOR TOOLS: 🔮POLYMARKET | #1 PREDICTION MARKET https://bankless.cc/polymarket-podcast 📊BITGET | TOKENIZED STOCKS 2.0 https://bankless.cc/bitget-stocks 🎯THE DEFI REPORT | ONCHAIN INSIGHTS https://thedefireport.io/bankless 👑BANKLESS PREMIUM | AD-FREE & BONUS EPISODES https://bankless.cc/spotify-premium --- TIMESTAMPS 0:00 Is Bitcoin Going According to Plan? 2:39 Bitcoin’s Culture Changed, But Did the Code? 9:06 From Magic Internet Money to Digital Gold 15:08 Michael Saylor, Strategy and Concentration Risk 20:08 Is Bitcoin Becoming Too US-Coded? 24:12 Did Bitcoin Miss Its Scaling Moment? 29:42 Privacy, Cash and Bitcoin’s Tradeoffs 32:15 Satoshi’s Design Choices 37:50 BIPs, Quantum Risk and Bitcoin Upgrades 41:35 How Urgent Is Quantum? 44:14 The Satoshi Mystery 47:38 Bitcoin’s Next Phase of Adoption 49:23 Will Bitcoin Flip Gold? 53:11 Being Early Looks Crazy --- RESOURCES Dan Held https://x.com/danheld --- Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures

Dan Held

Bitcoin Entrepreneur

KrakenTrust MachinesDan Held

Ordinal theory has unleashed a new wave of NFTs, memecoins and innovation on Bitcoin — but not without controversy. Bitcoin educator Dan Held and Bitcoin Frontier Fund Managing Partner Trevor Owens join the show to discuss the breakneck rise of BRC-20s and why they’re both bullish on what memecoins mean for the original blockchain. Listen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Stitcher, Castbox, Google Podcasts, TuneIn, Amazon Music, or on your favorite podcast platform. Show highlights: what ordinal theory is and how it enabled Bitcoin “NFTs” how the Ordinals Protocol differs from the ERC-721 token standard used by many Ethereum NFTs how BRC-20s work by relying on some off-chain mechanisms why Bitcoin is not a “dinosaur chain,” according to Dan why Trevor says BRC-20 memecoins are superior to those on Ethereum what the practical utilities of BRC-20s are, if any why transaction fees in Bitcoin rose so much and why it’s healthy for the network  whether innovation is coming back to Bitcoin whether Satoshi Nakamoto would have approved of Bitcoin NFTs the role of speculation in fueling bitcoin adoption  the current and future state of layer 2s on Bitcoin why Dan says BRC-20s “absolutely” solve the problem with Bitcoin’s security budget why it’s hard to determine an “appropriate” amount for the security budget of Bitcoin how the NFT market could be shaped after the rise of Ordinals and BRC-20s what needs to be developed so that BRC-20s can flourish Thank you to our sponsors! Crypto.com Guests: Dan Held, Bitcoin educator and marketing advisor at Trust Machines  Trevor Owens, managing partner at Bitcoin Frontier Fund Previous coverage of Unchained on Ordinals: Bitcoin Ordinal NFTs Are Hot and Getting Hotter. What's the Hype About? - NFT Crypto Links Unchained:  How to Create a Bitcoin Ordinal Bitcoin Core Developers Mull Getting Rid of BRC-20 Transactions Binance Briefly Halted Bitcoin Withdrawals Amid Network Congestion Domo’s thread on BRC-20s  Anita Posch’s comments.on the high fees Nic Carter: There's No Such Thing as High Fees on Bitcoin Nic Carter’s MIT presentation: MIT Bitcoin Expo 2019 - 10 years of Bitcoin: Evaluating its Performance as a Monetary System Decrypt: Michael Saylor: Bitcoin Ordinals Are a ‘Catalyst’ for Adoption [bitcoin-dev] [Mempool spam] Should we as developers reject non-standard Taproot transactions from full nodes? Learn more about your ad choices. Visit megaphone.fm/adchoices

Dan Held

Bitcoin Entrepreneur

KrakenTrust MachinesDan Held

Trevor Owens

Founder

Lean Startup MachineJavelinBitcoin Frontier Fund

Dan Held is a widely known educator in the Bitcoin Universe. Formerly the director of growth marking at Kraken, he’s now an independent content creator at the Held Report and an advisor to Trust Machines. In today’s State of the Nation, we explore a new extremist sub-division of the Bitcoin movement: Bitcoin Fundamentalism. Is there a divide growing in the Bitcoin Community? Why are Dan Held and other Bitcoiners frustrated with this cohort? What is Bitcoin Fundamentalism, and what does it mean for the future direction of the Bitcoin Community? ------ 📣 Galxe | Explore Crypto’s #1 Credential Network https://bankless.cc/Galxe  ------ 🚀 SUBSCRIBE TO NEWSLETTER:          https://newsletter.banklesshq.com  🎙️ SUBSCRIBE TO PODCAST:                 http://podcast.banklesshq.com/    ------ BANKLESS SPONSOR TOOLS:  ⚖️ ARBITRUM | SCALING ETHEREUM https://bankless.cc/Arbitrum  ❎ ACROSS | BRIDGE TO LAYER 2 https://bankless.cc/Across  🦁 BRAVE | THE BROWSER NATIVE WALLET https://bankless.cc/Brave  💠 NEXO | CRYPTO FINANCIAL HUB https://bankless.cc/Nexo  🔐 LEDGER | NANO HARDWARE WALLETS https://bankless.cc/Ledger  ⚡️FUEL | THE MODULAR EXECUTION LAYER https://bankless.cc/Fuelpod  ----- Topics Covered 0:00 Intro 8:00 Say No To Bitcoin Fundamentalism 13:10 What is Fundamentalism? 21:00 Nic Carter 27:12 Brain Drain 31:00 The Rationalists 39:00 Wealthy then Healthy 44:00 Cyber Hornets 53:40 What’s at Stake Here? 1:01:00 Trust Machine 1:03:32 The Bitcoin Ecosystem ------ Resources: Dan Held https://twitter.com/danheld  Trust Machines https://twitter.com/trustmachinesco  The Held Report https://www.theheldreport.com/  Nic Carter Episode https://youtu.be/BjTeLtuKs1A  ----- Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research. Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here: https://newsletter.banklesshq.com/p/bankless-disclosures

Dan Held

Bitcoin Entrepreneur

KrakenTrust MachinesDan Held

Shaan (@ShaanVP) and Sam (@theSamParr) are joined in this episode by serial Bitcoin entrepreneur Dan Held (@DanHeld). They talk about the Genesis block of Bitcoin, who Satoshi Nakamoto might really be, and the controversy around Tether. They end the episode talking about business ideas in the Crypto space and how to make money in the creator economy. --------- * Want to be featured in a future episode? Drop your question/comment/criticism/love here: https://www.mfmpod.com/p/hotline/ * Support the pod by spreading the word, become a referrer here: https://refer.fm/million * Have you joined our private Facebook group yet? Go to https://www.facebook.com/groups/ourfirstmillion and join thousands of other entrepreneurs and founders scheming up ideas. --------- Show notes: * (:47) Intro to Dan Held * (3:01) How Dan got his first Bitcoin * (4:17) Will the real Satoshi please stand up * (9:31) Dan's Early Bitcoin days * (15:00) Ideas for the Bitcoin & Crypto space * (21:35) A new kind of private wealth manager * (24:43) The controversy around Tether * (31:28) Bitcoin security and multi-signature wallets * (36:31) Growth hacks to build your audience * (40:41) Monetizing in the creator economy * (46:44) Laser eyes and memes

Dan Held

Bitcoin Entrepreneur

KrakenTrust MachinesDan Held

Dan Held is currently the director of growth marketing at Kraken. This is the long awaited part 2 of a 2 part series with Dan. If you haven't already, be sure to check out part 1! Dan's blog: https://danheld.substack.com/ ––– LUKKA Lukka Prime is crypto asset pricing data aligned to accounting standards like GAAP and IFRS. Lukka Prime Pricing Data is the pricing source used by S&P Dow Jones Indices’ for their new cryptocurrency indices. Lukka Prime is the world’s first fair market value pricing source for crypto assets and the best option for all post-trade reporting needs. Visit lukka.tech/empire to learn more. ––– EXODUS Download the app today at http://exodus.com/empire and iOS users can buy up to $500 in Bitcoin for just $1 for a limited time. ––– Empire is brought to you by Blockworks, a financial media brand delivering breaking news and premium insights about digital assets to millions of investors. For more content like Empire, visit http://blockworks.co/podcasts. Follow me on Twitter @JasonYanowitz and let me know what you thought of the show!

Dan Held

Bitcoin Entrepreneur

KrakenTrust MachinesDan Held

Dan Held is currently the director of growth marketing at Kraken. We talked about Elon's impact on the field, energy and the environment, and of course, the possible $500k Supercycle. This is part 1 of a 2 part series with Dan. Check out his Substack if you can't wait for part 2! https://danheld.substack.com/ ––– LUKKA Lukka Prime is crypto asset pricing data aligned to accounting standards like GAAP and IFRS. Lukka Prime Pricing Data is the pricing source used by S&P Dow Jones Indices’ for their new cryptocurrency indices. Lukka Prime is the world’s first fair market value pricing source for crypto assets and the best option for all post-trade reporting needs. Visit lukka.tech/empire to learn more. ––– EXODUS Download the app today at http://exodus.com/empire and iOS users can buy up to $500 in Bitcoin for just $1 for a limited time. ––– Empire is brought to you by Blockworks, a financial media brand delivering breaking news and premium insights about digital assets to millions of investors. For more content like Empire, visit http://blockworks.co/podcasts. Follow me on Twitter @JasonYanowitz and let me know what you thought of the show!

Dan Held

Bitcoin Entrepreneur

KrakenTrust MachinesDan Held

Andreas M. Antonopoulos, speaker, educator, and the author of Mastering Bitcoin, Mastering Ethereum, and The Internet of Money, Volumes 1, 2, and 3, and Dan Held,  growth lead at Kraken Digital Asset Exchange, discuss the core features of Bitcoin's monetary policy, including how it differs from traditional central bank monetary policy, what gives it value and yet how it seems to have derived value from thin air. Plus, we talk about how the coronavirus pandemic will affect Bitcoin. In this episode, we cover: how monetary policy in general is defined the core feature of Bitcoin’s monetary policy, and how it differs from previous forms of money the similarities and differences between Bitcoin and gold why the hard cap on Bitcoin is unique and so important the difficulties in analyzing and classifying Bitcoin whether or not transaction fees alone can sustain the network once all 21 million Bitcoin have been minted if Bitcoin will be able to fulfill its original vision of democratizing finance and serving as an everyday medium of exchange why they think Bitcoin has recently been more correlated with the stock market their thoughts on the stock to flow model and whether it works for Bitcoin how they think the coronavirus, unprecedented quantitative easing, and increasing inflation will impact Bitcoin’s adoption and price how crypto banks that don’t conduct fractional reserve banking or lending might change the economy   Thank you to our sponsors!  Crypto.com: http://crypto.com Gods Unchained: https://playgu.co/unchainedpod   Episode links:  Andreas Antonopoulos: https://aantonop.com On Twitter: https://twitter.com/aantonop YouTube: https://www.youtube.com/c/aantonop/ Dan Held: https://www.danheld.com On Twitter: https://twitter.com/danheld   Dan Held on Bitcoin's monetary policy: https://medium.com/the-bitcoin-times/information-theory-of-money-36247aebdfe1   Dan Held on Bitcoin's security model: https://www.danheld.com/blog/2019/6/16/bitcoins-security-is-fine   Unchained interview with Saifedeam Ammous: https://unchainedpodcast.com/why-bitcoin-now-saifedean-ammous-on-why-bitcoin-is-the-most-advanced-form-of-money/   Mises’ Regression Theorem: https://mises.org/library/bitcoin-regression-theorem-and-emergence-new-medium-exchange   Stock to flow model: https://medium.com/@100trillionUSD/modeling-bitcoins-value-with-scarcity-91fa0fc03e25   https://medium.com/@100trillionUSD/bitcoin-stock-to-flow-cross-asset-model-50d260feed12   Why the stock-to-flow model is wrong: https://www.coindesk.com/why-the-stock-to-flow-bitcoin-valuation-model-is-wrong   Federal Reserve announcement about letting inflation run higher than normal to achieve a 2% target rate of inflation: https://www.federalreserve.gov/newsevents/pressreleases/monetary20200827a.htm Kraken launching the first crypto bank: https://unchainedpodcast.com/the-first-crypto-bank-what-kraken-financial-will-do-and-how/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Andreas Antonopoulos

Speaker, Educator, and Author

aantonop

Dan Held

Bitcoin Entrepreneur

KrakenTrust MachinesDan Held