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Dan Held: Bitcoin DeFi Will Change Everything! - Asymmetric

Oct 21, 2024

Dan Held, a notable Bitcoin educator and general partner at Asymmetric, shares his journey from marketing at Kraken to launching a Bitcoin DeFi fund. He discusses how the emergence of Ordinals has unveiled Bitcoin's untapped potential, driving interest in Layer 2 solutions. Held explores DeFi's transformational impact on Bitcoin, the significance of OPCAT for scalability, and the challenges of maintaining decentralization. He also touches on the future of transaction fees and how they relate to network security, painting an optimistic picture for Bitcoin's evolution.

58:07

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Dan Held

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Quick takeaways

Dan Held emphasizes the untapped potential of Bitcoin's DeFi, with the possibility of it surpassing all other cryptocurrencies combined.

The emergence of proposals like OPCAT highlights the necessity for trustless bridging to optimize layer two solutions on Bitcoin's infrastructure.

Held's personal journey illustrates the importance of effective marketing strategies in driving user engagement and adoption within the evolving Bitcoin ecosystem.

Deep dives

The Promise of DeFi on Bitcoin

The potential for decentralized finance (DeFi) on Bitcoin is considered immense, with projections indicating that if successfully unlocked, it could surpass all other cryptocurrencies combined. A significant proposal known as OPCAT aims to ensure trustless bridging to support layer two (L2) solutions linked to Bitcoin's layer one (L1). This shift is essential, as the current infrastructure necessitates users to persuade others to alter their node software for compatibility. The expectation is that as Bitcoin's protocol matures, it will accommodate more user activity on L2 solutions, facilitating broader adoption and functional use cases.

Intro

3min

From Curiosity to Innovation: A Crypto Journey

7min

Maximizing Social Media Engagement

5min

Navigating the Crypto Frontier

6min

Unveiling the Potential of Bitcoin DeFi: The Asymmetric Venture Fund

3min

Evolving Bitcoin: Protocols and Innovations

19min

Exploring Bitcoin DeFi: Opportunities and Challenges

14min

Optimism for Bitcoin's Future and Community Engagement

2min

One of the best known educators in the space and OG Bitcoin maxi, Dan Held joined us to discuss his crypto journey from entrepreneur to marketing & growth specialist and why he decided to start the Asymmetric Bitcoin DeFi Fund. Although initially a contentious topic, the emergence of Ordinals revealed Bitcoin’s untapped potential, sparking tremendous interest for Bitcoin L2s and DeFi on the ‘mother chain’. Apart from bringing new utility to the highest liquidity blockchain, the new-found demand for blockspace significantly increased fees, thus incentivising miners to further secure the chain despite halving rewards.

Topics covered in this episode:

Dan’s background
ZeroBlock
Increasing marketing reach
ZeroBlock acquisition & marketing at Kraken
Asymmetric Bitcoin DeFi Fund
Bitcoin’s history: NFT & DeFi emergence
OP_CAT & trustless bridging
Bitcoin ‘governance’, forks & BIPs
Usecases for DeFi on Bitcoin
Bitcoin block reward subsidy and long-term security

Episode links:

Sponsors:

Gnosis: Gnosis builds decentralized infrastructure for the Ethereum ecosystem, since 2015. This year marks the launch of Gnosis Pay— the world's first Decentralized Payment Network. Get started today at - gnosis.io
Chorus One: Chorus One is one of the largest node operators worldwide, supporting more than 100,000 delegators, across 45 networks. The recently launched OPUS allows staking up to 8,000 ETH in a single transaction. Enjoy the highest yields and institutional grade security at - chorus.one

This episode is hosted by Brian Fabian Crain.

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