BREAKDOWN: Bitcoin Payments Coming to Twitter?

CoinDesk Podcast Network

CoinDesk

Business News, Daily News, News, Tech News

4.7 • 698 Ratings

🗓️ 1 September 2021

⏱️ 16 minutes

🔗️ Recording | iTunes | RSS

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Summary

A look at the historical context of Bitcoin in Silicon Valley and why today’s news matters. This episode is sponsored by NYDIG. On today’s episode, NLW takes a historical look at Silicon Valley’s relationship with Bitcoin. NLW explores why so many in Silicon Valley missed Bitcoin in the early days, why smart contracts made more sense to them (and fit with their funding model), and what Jack Dorsey’s support of Bitcoin all means. Finally, he uses that context to explain today’s leaked news that Twitter is building Bitcoin payments into its Tip Jar feature. - NYDIG, the institutional-grade platform for Bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW. - “The Breakdown” is written, produced by and features NLW, with editing by Rob Mitchell and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Only in Time” by Abloom. Image credit: farakos/iStock/Getty Images Plus, modified by CoinDesk. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

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0:40.8	Start your free 30-day trial at audible.com slash Wondery UK.
0:45.6	That's audible.com slash Wondery UK.
0:53.8	Welcome back to The Breakdown with me, NLW.
0:59.0	It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world.
1:05.9	The breakdown is sponsored by Nidig and produced and distributed by CoinDesk.
1:12.3	What's going on, guys? It is Wednesday, September 1st. Welcome to, if not fall, the beginnings
1:19.0	of the beginnings of fall. My favorite season, by a lot. So today we're going to be talking
1:24.4	about Twitter, who is rumored to be bringing lightning payments to their app for tipping.
1:29.5	When I dug into this, however, I thought that it was really important to give some context.
1:34.9	We're entering into a moment, a phase in this market cycle, where you're likely to hear a lot
1:40.1	about how far behind Bitcoin is technologically, how fast everything else is moving. Why none of the
1:47.3	cool new things in crypto are being built on Bitcoin. You might already be hearing some of that.
1:53.7	I think it's really important to put this in historical context and also to talk in terms of what
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