AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
3min snip
The Future of Bitcoin with Nic Carter, Eric Wall, & Udi Wertheimer
Bankless
why Bitcoin Fundamentalists may lack perspective
Bitcoin fundamentalists have a different perspective on the purpose of Bitcoin. They believe that the purpose of Bitcoin is to exclusively mediate monetary transactions, particularly for the underserved in the global south. They view certain transactions as sacred, such as using Bitcoin to escape authoritarianism or for basic purchases, and view other transactions as profane, such as settling JPG transactions. They prioritize the right use of Bitcoin over its long-term sustainability and argue against incorporating NFTs or tokens like BRC 20s. Bitcoin fundamentalists do not prioritize making money with Bitcoin and see it more as an obligation or religious duty to convert savings into Bitcoin. They have a spiritual, ascetic approach to Bitcoin rather than a financial motive.
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode