Rabbit Hole Recap

RABBIT HOLE RECAP #367: FIRST BITCOIN COMPANY IN THE S&P 500

9 snips
Jul 24, 2025
The podcast dives into the historic inclusion of a Bitcoin company in the S&P 500, marking a new chapter for cryptocurrency in traditional finance. It also sheds light on Hungary's draconian digital asset laws, raising significant concerns over financial freedom. The conversation touches on Bitcoin security challenges, emphasizing the importance of self-custody. Additionally, the hosts explore MicroStrategy's latest strategies and Coinbase's transformation into a super app, reflecting on the evolving landscape of cryptocurrency and the personal stories that connect enthusiasts.
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ANECDOTE

Bitfinex Hack and Recovery

  • Bitfinex's early hot wallet setup was vulnerable, allowing hackers to drain wallets.
  • The hackers were caught due to linked gift card transactions and surrendered keys during arrest.
ADVICE

Build Ethical Decentralized Platforms

  • Use open and permissionless protocols like Nostr to build decentralized social experiences with Bitcoin integration.
  • Compete by creating ethical, interoperable platforms rather than merely complaining about incumbents.
INSIGHT

Limitations of Creator Tokens

  • Tokenizing each creator or post dilutes the market, causing tokens to be worthless over time.
  • Real value in crypto lies in monetary properties like Bitcoin, not in launching endless creator tokens.
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