BREAKDOWN: The Productization of Bitcoin Maximalism
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 17 December 2019
⏱️ 19 minutes
🧾️ Download transcript
Summary
Welcome to The Breakdown: A daily analysis show distributed by CoinDesk, featuring @NLW
On this episode...
More crypto businesses are transitioning to or choosing to focus exclusively on bitcoin only from the beginning, in some ways representing a productization of bitcoin maximalism.
In China, however, the government is cracking down fiercly on resurgent crypto businesses that have taking President Xi’s positive comments about blockchain as an excuse to operate more openly.
Interestingly, the attitude of many US financial firms seems to be shifting from a version of “blockchain not crypto” to “digital assets not blockchain” as they begin to adapt to demand from customers.
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Transcript
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| 1:03.7 | Welcome back to the breakdowndown, an everyday analysis breaking down the most important stories in Bitcoin, crypto, and beyond, with your host, NLW. |
| 1:07.1 | The Breakdown is distributed by CoinDesk. |
| 1:16.3 | Welcome back to The Breakdown. It is December 17th Tuesday, and we're continuing our exploration of narratives that defined 2019, but framed in the context of news that closes out the |
| 1:23.9 | year. So today we're going to be talking about Bitcoin only and Ethereum's opportunity |
| 1:28.6 | cost of change. And then we're going to be looking at a little bit of a battle between |
| 1:33.1 | blockchain, not crypto on the one hand, versus digital assets, not blockchain on the other. |
| 1:39.0 | Okay, so let's dive into Bitcoin only and Ethereum's opportunity cost for change. |
| 1:44.0 | Ethereum recently went through |
| 1:45.1 | its Istanbul hard fork. It wasn't a contentious fork. It was a technical update in a lot of |
| 1:49.3 | ways. For the Ethereum community, it was just sort of business as usual, although there were |
| 1:53.7 | some disruptions, right? Aragon, the Dow software, had a bunch of smart contracts that were |
| 1:58.1 | temporarily broken and so on and so forth. But more or less, it went off without a hitch, at least according to that community. However, there were a bunch of smart contracts that were temporarily broken and so on and so forth, but more or less |
... |
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