Building and Scaling: a Bitcoin Conversation | Bitcoin Brainstorm 01

Since inception, ARK has researched and published thoughts on the cryptocurrency ecosystem within Big Ideas and through articles, whitepapers, monthly Bitcoin reports and podcasts. Now, in coordination with Bitcoin Park, ARK is pleased to introduce a monthly conversation with leaders in the Bitcoin space, to discuss everything happening in the rapidly-changing and still nascent Bitcoin space. Published through the For Your innovation podcast channels, this monthly series aims to be informative and enlightening, including experts with diverse viewpoints. Guests on this month’s Bitcoin Brainstorm include: Preston Pysh – Show Host and Co-Founder, The Investor’s Podcast Network and Advisor, Ego Death Capital Jack Mallers - CEO and Founder, Strike Obi Nwosu - CEO and Co-Founder, Fedi Rod Roudi - Co-Founder, Bitcoin Park Harry Sudock - Chief Strategy Officer, GRIID and Partner, Bitcoin Park Cathie Wood – CEO, CIO and Founder, ARK Invest Yassine Elmandjra – Crypto Lead, ARK Invest Key Points From This Episode: 00:00:00 Intro to the Bitcoin Brainstorm and Bitcoin Park in Nashville 00:04:30 Our panel discusses Jack Dorsey’s thoughts on Bitcoin as the currency of the internet 00:08:30 Dr. Art Laffer’s discovery and interest in Bitcoin 00:10:30 How Bitcoin can potentially benefit communities like those in Kenya 00:19:00 What countries are moving the fastest to adopt Bitcoin as a currency and how does the global south view Bitcoin generally 00:26:20 Jack’s thoughts on the modern day monetary policy and why it may be destroying the middle class 00:28:31 Why Bitcoin might be too volatile for many people living in poverty, but crypto solutions like stablecoins could be a better option 00:30:35 Potential routes of scalability for Bitcoin, including the potential for a third layer, beyond Lightning 00:35:20 Comparing Visa’s network to the Lightning network and the argument that Bitcoin does not have a scaling problem 00:39:26 How Jack Dorsey and Block are working to grow the Lightning network 00:44:39 The cooperation that exists within the Bitcoin ecosystem and why 00:49:10 Bitcoin’s role in enabling businesses to reach more people globally 00:54:38 The comparison of Lightning channels to traditional fiat channels 00:56:30 Why Bitcoin might be the most inclusive currency 01:00:49 How Bitcoin could be unlocking a new customer that was otherwise unwilling to bank, similar to how Robinhood unlocked a new investor base with lower barriers to entry 01:03:42 The ability to focus on markets that other people are unable to focus on may be one of Bitcoin’s most valuable current features 01:06:15 Obi’s recounting of Gridless, a Kenyan Bitcoin mining company that has transformed villages in Africa 01:10:00 Preston’s comparison of Bitcoin to Mitochondria 01:11:02 Conclusion, and final thoughts from Harry, Preston, Obi, Yassine, Jack and Cathie Show Notes: June ARK Invest Bitcoin Monthly - https://ark-invest.com/crypto-reports... Money Matters Podcast with Jack Mallers and guest Jack Dorsey https://podcasts.apple.com/us/podcast... Ai4ALL Hackathon - https://bolt.fun/tournaments/ai4all/o... To learn more about Bitcoin Park - https://bitcoinpark.co More FYI Podcasts: https://ark-invest.com/podcasts/ To learn more about ARK: https://arkinv.st/ARKInvest For more updates, follow us on: Twitter: https://arkinv.st/3corDiY LinkedIn: http://arkinv.st/1f7AiVX Facebook: http://arkinv.st/3r4EDOU Instagram: http://arkinv.st/39td8bO Disclosure: http://arkinv.st/39rzF94