Life on Bitcoin (2021 Edition)

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Join hosts Jonathan Mohan, Stephanie Murphy and Andreas M. Antonopoulos as they mirror on bitcoin’s evolution as a forex and commodity. In the early days, an period of retail adoption as retailers started to simply accept bitcoin from their prospects appeared to level to a brilliant future for every day bitcoin use. The 2013 IRS addendum treating bitcoin as a commodity, fairly than as a international forex, rapidly made transactions a burden with onerous tax reporting necessities, dimming that retail bitcoin future.

In 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? Those idealistic people’ desires of bitcoin as a every day forex might now not align with bitcoin’s maturation.

Developments in layer 2 expertise, just like the Lightning Network, have allowed experiments in bitcoin as authorized tender to be not solely a chance, however a realistic selection 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 around the globe?

Do you might have any questions or feedback? Send us an e mail at adam@speakingofbitcoin.show

Today’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 Speaking of Bitcoin