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Wednesday, February 1, 2023
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 talk about 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 categorical concern about this proposal, stating that it’s misguided and demonstrates a lack of knowledge of know-how. In addition 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 optimistic improvement.

The hosts additionally talk about a undertaking known as Nostr, which goals to make use of public key cryptography to construct decentralized social media platforms. Jack Dorsey has offered funding for this undertaking, and the hosts imagine it has the potential to open up new use circumstances 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 recommend 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 a couple of different developments on the planet of Bitcoin. They talk about 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 previously few weeks, however that they’re within the work of an nameless developer named FiatJaf who has proven numerous curiosity in state change and is concerned within the Nostr undertaking.

See also  Bitcoin Mining Issue Drops for the First Time Since July 2021

Total, 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 using lightning and public key cryptography in decentralized social media platforms.

BitcoinMasterNews

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