The Defiant - DeFi Podcast The Global Shift to Bitcoin: What It Means for the Future of Finance
Jul 23, 2025
Jeff Garzik, Co-Founder of Hemi and a pioneer in the Bitcoin space, shares his insights into the evolving landscape of digital currency. He discusses the macroeconomic shifts driving Bitcoin's rise as a global reserve currency. Jeff explores innovative scaling solutions and the features of Hemi, emphasizing its unique security measures and integration with Ethereum. The conversation also highlights Bitcoin's potential in decentralized finance (DeFi) and the challenges it faces in programming and scalability, painting an optimistic future for BTCFi.
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Jeff's Early Crypto Journey
- Jeff Garzik's early exposure to decentralization began with Linux and science fiction like Shadowrun.
- He joined Bitcoin in 2010, contributing patches directly to Satoshi and becoming a top developer.
Bitcoin's Full Circle Evolution
- The evolution of blockchains shows a cycle of Bitcoin spawning new blockchain generations.
- The world is coming full circle to Bitcoin with DeFi and programmable sidechains like Hemi.
Scale Bitcoin with Layer Twos
- Use layer two chains as scalable extensions of Bitcoin to handle high transaction volume.
- Embrace sidechains to offload congestion and fees from Bitcoin's base layer for better user experience.
