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HomeCoinsBitcoinExploring Regulatory Proposals, Financial institution Adoption, and Decentralized Social Media on Bitcoin...

Exploring Regulatory Proposals, Financial institution 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 earth of Bitcoin. They start by discussing a proposal from Elizabeth Warren that may require people and corporations 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 expertise of expertise. In addition they point out that the Basel Committee has urged 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 offered funding for this challenge, and the hosts imagine it has the potential to open up new use instances for Bitcoin and lightning, together with incentivizing folks to tweet. In addition they point out the idea of discrete log contracts, which permit people to make bets on the worth of Bitcoin or different occasions utilizing Oracle agreements. The hosts counsel that this idea might be used within the creation of decentralized apps (dApps) inside the Bitcoin ecosystem.

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

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Total, the BitTalk hosts cowl a spread of matters associated to latest developments on the earth 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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