The David Lin Report Bitcoin’s Untapped Potential: We’re Only 1% In | Rich Rines
22 snips
Jul 9, 2025 Rich Rines, an initial contributor to Core DAO, dives into the exciting world of Bitcoin, discussing its transformation from a mere store of value to a productive financial asset. He explains the untapped potential of Bitcoin yield generation through decentralized staking, showcasing its advantages over traditional holding methods. Rines also explores innovative uses of Bitcoin as collateral for real estate loans and its implications for a decentralized financial future. Together, they discuss Bitcoin's evolution, privacy challenges, and the philosophical questions surrounding the future of money.
AI Snips
Chapters
Transcript
Episode notes
Rich Rines' Bitcoin Journey
- Rich Rines first learned of Bitcoin in 2011 but truly understood it in 2013 after rereading the white paper.
- He realized Bitcoin is a non-sovereign store of value and got fully invested by 2017, leading to his work on CoreDAO.
Unlocking Bitcoin's Utility
- Bitcoin as a store of value is powerful, but adding yield unlocks new financial products.
- Today, most Bitcoin sits idle, so creating yield opportunities increases Bitcoin's utility and capital efficiency.
CoreDAO's Bitcoin Alignment
- CoreDAO blends the largest Bitcoin DeFi ecosystem with the highest yielding Bitcoin staking protocol.
- Its consensus rewards 75% of Bitcoin hash power securing it, aligning deeply with Bitcoin's security model.