BTC206: How Open Source Bitcoin Development is Funded w/ Matt Odell (Bitcoin Podcast)

We Study Billionaires - The Investor’s Podcast Network

Stig Brodersen

Education, Investing, Business

4.6 • 3.6K Ratings

🗓️ 30 October 2024

⏱️ 61 minutes

🔗️ Recording | iTunes | RSS

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Summary

In this episode, Matt Odell discusses how open-source Bitcoin development is funded through initiatives like OpenSats, the significance of ignoring Satoshi’s identity, and why Nostr, Cashu, and Fedi are critical for Bitcoin’s future. He also shares insights on building Bitcoin Park, a community hub, and reveals one of his pet peeves in the Bitcoin space. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 03:04 - Why it’s essential to ignore the mystery behind Satoshi’s identity. 08:26 - What OpenSats is and how it supports open-source Bitcoin development. 08:49 - Insights into building Bitcoin Park, a community space for Bitcoin enthusiasts. 18:38 - The importance of Nostr for Bitcoin communications. 27:26 - How Cashu and Fedi are advancing Bitcoin payments. 32:44 - Why Matt Odell is frustrated by price predictions in the Bitcoin space. 37:46 - Lessons Matt has learned from spending time around Jack Dorsey. Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES Odell’s Nostr. Odell's Website. OpenSats Website. Book recommendation: Only the Paranoid Survive by Andrew Grove. Check out all the books mentioned and discussed in our podcast episodes here. Enjoy ad-free episodes when you subscribe to our Premium Feed. NEW TO THE SHOW? Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members. Follow our official social media accounts: X (Twitter) | LinkedIn | | Instagram | Facebook | TikTok. Check out our Bitcoin Fundamentals Starter Packs. Browse through all our episodes (complete with transcripts) here. Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: River 7-Eleven Toyota Connect Invest Public TastyTrade Fundrise Shopify American Express The Bitcoin Way ReMarkable Sound Advisory Facet SimpleMining Bluehost Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Transcript

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0:00.0	You're listening to TIP.
0:03.0	Hey everyone, welcome to this Wednesday's release of the Bitcoin Fundamentals Podcast.
0:07.0	This episode is brought to you by River, the place that I personally go to securely invest in Bitcoin with confidence and with zero fees. On today's show I have
0:16.2	Bitcoin O.G. Matt O'Dell on the show to talk about the current state of the Bitcoin ecosystem,
0:21.8	in addition to being a general partner at 1031 venture capital firm that is allocated more than 100 million dollars into the space,
0:28.0	Matt is also a founding member of the nonprofit called OpenSats and Bitcoin Park. During our conversation
0:35.1	today we talk about the profound impact that OpenSats is having on the ecosystem
0:39.1	by investing in very early-stage ideas and open source code efforts to help the
0:43.8	Bitcoin space move forward and remain the most dominant form of money on the
0:47.5	planet. This is surely an episode you won't want to miss. So with that, let's jump
0:52.3	right to it with my interview with Matt O'Dell. You are listening to Bitcoin Fundamentals by the Investors Podcast Network.
1:05.0	Now for your host, Preston Pish. Hey everyone welcome to the show I'm here with the one the only mad
1:20.1	O'Dell welcome back brother thanks brother. Thanks for having me, sir.
1:23.3	Always a pleasure.
1:24.7	Hey, so let's just start off.
1:26.1	Like, what in the world with this HBO Bitcoin movie?
1:29.0	You know, when you asked me to join,
1:30.8	I didn't know what we were gonna talk about,
1:32.0	but there's always
1:32.5	plenty to talk about it. I mean like I thought it was mostly good. We haven't really had many
1:37.1	good documentaries or films about Bitcoin. Yeah. And I thought I mean I assume you watched it right?
1:42.1	I didn't watch it I saw all the scuttle butt online about how they were talking about
	...

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