Why There Is No 'Bitcoin Is Dead' Talk This Cycle

The Breakdown

Blockworks

Investing, Business

4.8 • 786 Ratings

🗓️ 7 November 2022

⏱️ 15 minutes

🔗️ Recording | iTunes | RSS

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Summary

This episode is sponsored by Nexo.io, Circle and FTX US. On this edition of “Long Reads Sunday,” NLW reads: “Bitcoin Is the Song That Does Not End” – Isaiah Douglass “End of the Monopoly: How Bitcoin Will Usher in a New Era of Governance in Crypto” – Edan Yago - Nexo Pro allows you to trade on the spot and futures markets with a 50% discount on fees. You always get the best possible prices from all the available liquidity sources and can earn interest or borrow funds as you wait for your next trade. Get started today on pro.nexo.io. - Circle, the sole issuer of the trusted and reliable stablecoin USDC, is our sponsor for today’s show. USDC is a fast, cost-effective solution for global payments at internet speeds. Learn how businesses are taking advantage of these opportunities at Circle’s USDC Hub for Businesses. - FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today. - “The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsors today is “War” by Enoch Yang. Image credit: tommy/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

Transcript

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0:00.0	Welcome back to The Breakdown with me, NLW.
0:09.3	It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world.
0:14.9	The breakdown is sponsored by nexus.io, Circle, and FtX, and produced and distributed by CoinDes.
0:22.8	What's going on, guys? It is Sunday, November 6th, and that means it's time for Long Read Sunday.
0:28.7	Before we get into that, however, if you are enjoying the breakdown, please go subscribe to it,
0:32.3	give it a rating, give it a review, or if you want to dive deeper into the conversation,
0:35.9	come join us on the Breakers Discord.
0:41.2	You can find a link in the show notes or go to bit.ly slash breakdown pod.
0:46.2	Also a disclosure as always. In addition to them being a sponsor of the show, I also work with FTX. All right, friends, well today for Longread Sunday, we are acknowledging the anniversary
0:53.4	that happened this week on Monday, on
0:56.0	Halloween, which is, of course, the 14th anniversary of the Bitcoin White Paper.
1:00.7	Today I'm going to read a couple pieces about Bitcoin, sort of in the context of this market
1:05.0	cycle, and while they're not exactly direct reflections on those 14 years, they do give a
1:10.0	good sense of where Bitcoin and the Bitcoin
1:11.7	community is right now. The first is by Isaiah Douglas, and is called Bitcoin is the song that
1:16.8	does not end. Bitcoin prices have fallen, but user interest in developer activity remain as strong
1:22.5	as ever. Never mind what the naysayers are claiming about Bitcoin in the midst of this down
1:27.3	crypto market,
1:28.3	the case for sustained Bitcoin interest and continually improving fundamentals remains as
1:33.1	sound as ever.
1:34.6	Recently, a prominent personal finance guru, Ramit Zethi, posted the following comment on Twitter.
1:39.9	Remute writes,
	...

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