Exploring Regulatory Proposals, Bank Adoption, and Decentralized Social Media on Bitcoin – BitTalk #2

Within the second episode of the podcast BitTalk, the hosts focus on a number of latest developments on the planet of Bitcoin. They start by discussing a proposal from Elizabeth Warren that may require people and firms working with Bitcoin to acquire a license from the federal government. The hosts specific concern about this proposal, stating that it’s misguided and demonstrates a lack of knowledge of expertise. Additionally they point out that the Basel Committee has steered that banks can have as much as 2% publicity to Bitcoin, which they view as a constructive growth.

The hosts additionally focus on a challenge referred to as Nostr, which goals to make use of public key cryptography to construct decentralized social media platforms. Jack Dorsey has supplied funding for this challenge, and the hosts consider it has the potential to open up new use instances for Bitcoin and lightning, together with incentivizing individuals to tweet. Additionally they point out the idea of discrete log contracts, which permit people to make bets on the value of Bitcoin or different occasions utilizing Oracle agreements. The hosts counsel that this idea could possibly be used within the creation of decentralized apps (dApps) inside the Bitcoin ecosystem.

Along with these matters, the hosts point out just a few different developments on the planet of Bitcoin. They focus on the potential for lightning for use in social media and the potential of extra decentralized approaches to social media. Additionally they point out that they haven’t seen a lot in the best way of technical developments previously few weeks, however that they’re within the work of an nameless developer named FiatJaf who has proven a whole lot of curiosity in state change and is concerned within the Nostr challenge.

General, the BitTalk hosts cowl a spread of matters associated to latest developments on the planet of Bitcoin, together with regulatory proposals, the potential for Bitcoin adoption by banks, and the usage of lightning and public key cryptography in decentralized social media platforms.

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