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11th Beyond The Price
The 11th “GM Radio: Beyond The Price” released by CoinPost Global on the 2nd is a compilation of broadcasts from the 1st to the 10th. Additionally, we have added previously unreleased interviews conducted at the Nostrasia event held in Tokyo and other locations in November.
Nostrasia is an event for Nostr, a protocol that is the basis for developing decentralized SNS. The event attracted a lot of attention, with sessions featuring Jack Dorsey, founder of Twitter (now known as X), and Edward Snowden, a former employee of the US Central Intelligence Agency (CIA).
connection: Mr. J. Dorsey x Mr. E. Snowden “Make the Internet a great tool again” | Nostrasia Report
In this article, we will summarize and look back on past distributions, and also include parts that could not be covered in the previously published articles.
Summary of past distributions
The first guest was Daniel Batten, who researches Bitcoin and environmental issues. Regarding Bitcoin, whose mining is often criticized for its negative impact on the global environment, he argued that “Bitcoin is important climate tech.”
connection: Bitmain sales manager talks about the secret to staying ahead in the mining industry, which has many ups and downs | WebX interview
He points out that mining has the characteristics that it can be done anywhere and that it can be started or stopped at any time, which is advantageous for the operation of the power system. He also introduced the benefit of reducing methane gas emissions, which is 84 times more harmful than CO2.
Regarding Bitcoin, some have pointed out that it would be better to introduce “proof of stake (PoS)” as a consensus mechanism due to concerns about its impact on the environment, but Mr. Batten said that it is better to introduce “proof of stake (PoS)” as a consensus mechanism. They believe that the inability to utilize PoS may be one of the reasons for not introducing PoS.
connection: “Bitcoin is an important climate technology” BTC researcher says — “Beyond The Price” First broadcast content
The second broadcast was attended by Nico Lechuga, founding partner of ego death capital, a venture capital (VC) that invests specifically in the Bitcoin ecosystem.
Since Beyond The Price primarily focuses on Bitcoin, we often ask our guests, “Why do we specialize in Bitcoin and not other cryptocurrencies?”
Regarding this point, Lechuga argues, “Many other blockchains sacrifice decentralization or security for scalability.” He explained that a global financial system cannot be built unless the underlying network is decentralized and secure.
Lechuga and the company also claim that Bitcoin is the longest-lived blockchain. He also says that developers should consider the sustainability of each blockchain and choose blockchains that will be used for a long time.
connection: “Bitcoin is the longest-lived blockchain” VC partner says — “Beyond The Price” 2nd broadcast content
Beyond The Price is not about numbers such as prices or speculative factors (=beyond), but rather what role Bitcoin plays in the global economy, and how people and companies actually use Bitcoin. We are distributing content such as whether we are using the system, but we also ask investment companies to participate.
The fifth broadcast was attended by Louis Liu, CEO of Mimesis Capital, a Taiwan-based family office that invests in Bitcoin and Bitcoin-related companies. He asked Mr. Liu to participate because he thought that asking Mr. Liu about the meaning of investing based on Bitcoin thinking would help convey the true value of Bitcoin.
In his broadcast, Liu also touched on the increasing geopolitical tensions caused by the conflict between China and the United States over Taiwan, and mentioned the importance of Bitcoin. Bitcoin is not a government currency, but a global currency, and Liu says it is a new way to navigate conflict without belonging to a country.
Additionally, Mimesis Capital believes that “Bitcoin is the ultimate store of value for transferring wealth between generations.”
connection: “Bitcoin is the ultimate store of value” CEO of an investment company says — 5th “Beyond The Price”
Nostrasia
From here, I will summarize the contents of Nostrasia and the interviews conducted there. Everything from here on is new content that has not been covered in previous articles.
Alex McShane, organizer of Nostrasia, participated in the 10th broadcast. At that time, he talked about Nostr in addition to what he wrote in the article below.
connection: “Toward building a truly decentralized SNS” – Executive committee member of “Nostrasia” to be held in Tokyo in November
“Right now, most of the people participating in Nostr are Bitcoiners, but not all Bitcoiners are participating,” he said.
“Both Nostr and Bitcoin are technologies for freedom, so even if you start using Bitcoin to make money, you should join Nostr for the freedom of communication.” . “Bitcoiners should have an easier time getting started with Nostr than regular people because they know how to handle keys.”
Interview at Nostrasia
Nostrasia conducted interviews in addition to those introduced in past articles.
First, we asked Max Hillebrand, CEO of zkSNACKs, which supports the development of the privacy-focused Bitcoin wallet Wasabi Wallet, if the Bitcoin world is insecure.
In response to this question, Mr. Hillebrand pointed out that this was a mistake and replied, “It costs money to steal Bitcoin, so it potentially makes the world safer.” And he said, “It’s not safe to trust third parties with your money.”
“Bitcoin’s purpose is to use technology to protect and automate users. Also, similar to the multiple layers of encryption that exist on the Internet, Bitcoin is a system that uses technology to protect and automate users. “It’s about making sure that the mechanism works and that we can provide that protection cheaply.”
We also asked Nicolas Dorier, CEO of the Bitcoin payment project “BTCPay Server,” about his impressions of Japan.
Regarding Japan, he said, “There are almost no Bitcoin companies, and I feel that the Bitcoin community is small.Altcoins are very popular, and I get the impression that many blockchain conferences are held there.”
He added, “Japanese people have a lot of trust in the government and are satisfied with things like infrastructure, so even if Bitcoin was offered as a financial system to replace a central bank, I don’t think it would resonate with them.”
In addition, Daniel Alexiuc, CEO of Bitcoin wallet Wallet of Satoshi, pointed out issues with the Lightning Network (LN) in an interview. He said, “There is no fundamental problem with LN, but it is still a new technology, so it has limitations, and engineers lack solutions.”
connection: What is the “Lightning Network” that even beginners can understand? | Explaining the characteristics and mechanism
They argue that the best idea is to use multiple layers to improve scalability, similar to traditional banks.
Alexiuc pointed out that the biggest “enemy” for Bitcoin and LN is the traditional banking system. He said he hopes that mechanisms such as Bitcoin and LN will someday replace traditional systems.
connection: “Bitcoin is the best way to protect American interests” Coinbase CEO
The post What are the characteristics and advantages of Bitcoin? Summary of unreleased content and past distributions of “Beyond The Price” appeared first on Our Bitcoin News.
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