BTC208: Why CBDCs are Failing & Bitcoin is Winning w/ Dread (Bitcoin Podcast)

We Study Billionaires - The Investor’s Podcast Network

Stig Brodersen

Education, Investing, Business

4.6 • 3.6K Ratings

🗓️ 13 November 2024

⏱️ 58 minutes

🔗️ Recording | iTunes | RSS

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Summary

Join us as we delve into Dread’s inspiring story, from his days as a world-class athlete to his significant contributions in the world of Bitcoin. Learn about the Caribbean crypto landscape, challenges of CBDCs, and his work with OpenSats funding innovative Bitcoin projects. Discover more about Flash, his Bitcoin wallet and exchange platform, and the fascinating world of e-cash engineering. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 01:34 - How Dread transitioned from a track and field career to Bitcoin entrepreneurship. 11:25 - Insights into how Bitcoin businesses operate in the Caribbean. 13:30 - Reasons behind the failure of CBDCs in the Caribbean and why initiatives struggle. 19:11 - The purpose and impact of OpenSats, a nonprofit funding Bitcoin projects. 21:40 - Key projects supported by OpenSats that are making waves in the industry. 23:38 - Unique aspects of Bitcoin engineering, including e-cash technology, that intrigue Dread. 24:30 - An overview of Flash, a Bitcoin wallet and exchange tailored for Caribbean users. BOOKS AND RESOURCES Dread’s Flash website: GetFlash.io 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 Bluehost TastyTrade The Bitcoin Way Public Fundrise American Express Onramp Miro Facet SimpleMining ReMarkable Vanta Shopify 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.
0:02.2	Hey everyone, welcome to this Wednesday's release of the Bitcoin Fundamentals podcast.
0:07.4	This episode is brought to you by River, the place that I personally go to securely
0:11.4	invest in Bitcoin with confidence and with zero fees.
0:15.3	On this week's show, I have a stellar guest with Jamaica's very own dread.
0:19.8	He's a former world-class athlete entrepreneur
0:22.4	building the premier Bitcoin exchange application for the Caribbean, and he's a board member at
0:26.9	OpenSATs. During our conversation, he talks about the unique situation where the Caribbean
0:31.8	islands are trying very hard to incorporate a CBDC or central bank digital currency to the local
0:37.3	population and why it's all
0:39.0	going so terribly wrong. In addition to many other topics, Dread provides an amazing overview
0:44.6	of how e-cash payments are conducted completely offline, and without an internet connection for both
0:50.6	the sender and the receiver and how that's all possible. He provides awesome examples and makes engineering seem easy by some of his descriptions.
1:00.0	So I promise you this isn't a conversation that you'll want to miss.
1:03.3	And with that, let's jump right into the conversation with Dread.
1:10.1	Celebrating 10 years.
1:11.4	You are listening to Bitcoin Fundamentals by the Investors Podcast Network.
1:16.8	Now for your host, Preston Pish.
1:24.0	Hey everyone, welcome to the show. I'm here with Dredd. Welcome to Bitcoin Fundamentals on the Investors Podcast Network.
1:34.3	Thank you, Preston. It's a pleasure to be here.
1:37.3	So we've gotten to know each other through a couple different events that we've both attended.
1:41.3	You're obviously in the Bitcoin space, you're building in the Bitcoin
	...

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