Be part of hosts Jonathan Mohan, Stephanie Murphy and Andreas M. Antonopoulos as they replicate on bitcoin’s evolution as a foreign money and commodity. Within the early days, an period of retail adoption as retailers started to just accept bitcoin from their prospects appeared to level to a vivid future for day by day bitcoin use. The 2013 IRS addendum treating bitcoin as a commodity, reasonably than as a international foreign money, shortly made transactions a burden with onerous tax reporting necessities, dimming that retail bitcoin future.
Within the time since, the crypto neighborhood has adopted a HODL mindset. Why spend bitcoin if it’s disinflationary in nature and can convey you extra worth sooner or later? These idealistic people’ desires of bitcoin as a day by day foreign money could now not align with bitcoin’s maturation.
Developments in layer 2 know-how, just like the Lightning Community, have allowed experiments in bitcoin as authorized tender to be not solely a risk, however a practical alternative for governments like El Salvador’s. With information of Ukraine contemplating following in El Salvador’s footsteps, will clusters of closed-loop bitcoin life bloom all over the world?
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At the moment’s present featured Andreas M. Antonopoulos, Stephanie Murphy and Jonathan Mohan. This episode was edited by Jonas, with music by Jared Rubens and GurtyBeats. Our album artwork is predicated off a photograph by Ishan_@seefromthesky on Unsplash, modified by Talking of Bitcoin