Decentral Lens: Fed Cut | BlackRock's BTC Pitch | Trump & CryptoX | Flyfish NFT & SEC | 9/18/24
09/18/24 • 56 min
The show begins with speculation surrounding today's Federal Reserve rate cut decision. It is pointed out that while it could represent a tipping point for change in economic policy, any action the Fed may take will ultimately not have much impact on Bitcoin. The notion of moving towards a decoupling of Bitcoin from the stock market is further evidenced by the release of BlackRock's Bitcoin presentation for investors, which addresses the need to look at Bitcoin outside of the traditional financial buckets of definitions. The slides tied to the resilience of Bitcoin in the face of geopolitical events as well as the U.S. debt dynamics are also examined and discussed.
The conversation then moves onto the news this week that the ETH/BTC ratio has hit a low point, and a drop in staker revenue leads to a review of chain activity, as well as questions tied to how L2s are impacting Ethereum overall and if a change in investment thesis could be warranted. Again, Michael Saylor's conviction with Bitcoin is noted, as is the news that he purchased another 1.1 billion in Bitcoin, and wonders what will happen when more companies apply this strategy of holding Bitcoin.
Next, there is an analysis of the recent Trump appearance on a crypto X spaces. It is noted that from his segments, Trump appears to have a genuine interest in crypto and expressed some articulate explanations on why he is interested in the evolving space, including his forays into NFTs as well as seeing campaign donations come in the form of cryptocurrencies.
The SEC's enforcement actions towards the FlyFish Club NFT project are addressed, and Hester Pierce & Mark Ulyda are lauded for their articulate and humorous dissent, with some excerpts from the dissent being read. The dissent is celebrated for its understanding of the value of NFTs and the overreach such enforcements represent. A recent letter to Gary Gensler from House Majority Whip Tom Emmer and Patrick McHenry, Chairman of the House Committee on Financial Services, questioning the SEC's approach to airdrops and even asking questions about how airdrops differ from other incentives such as airline miles and credit card points. These letters both point to how there appears to be a powerful shift in the arguments in favor of more favorable policy for the space overall.
The Decentralized Era is just beginning. Come join us on the Socials:
X | @DecentralLens | @Blutoshi | @DiscoHODL
YouTube: @DecentralLens
Web: https://decentralpod.com/
The show begins with speculation surrounding today's Federal Reserve rate cut decision. It is pointed out that while it could represent a tipping point for change in economic policy, any action the Fed may take will ultimately not have much impact on Bitcoin. The notion of moving towards a decoupling of Bitcoin from the stock market is further evidenced by the release of BlackRock's Bitcoin presentation for investors, which addresses the need to look at Bitcoin outside of the traditional financial buckets of definitions. The slides tied to the resilience of Bitcoin in the face of geopolitical events as well as the U.S. debt dynamics are also examined and discussed.
The conversation then moves onto the news this week that the ETH/BTC ratio has hit a low point, and a drop in staker revenue leads to a review of chain activity, as well as questions tied to how L2s are impacting Ethereum overall and if a change in investment thesis could be warranted. Again, Michael Saylor's conviction with Bitcoin is noted, as is the news that he purchased another 1.1 billion in Bitcoin, and wonders what will happen when more companies apply this strategy of holding Bitcoin.
Next, there is an analysis of the recent Trump appearance on a crypto X spaces. It is noted that from his segments, Trump appears to have a genuine interest in crypto and expressed some articulate explanations on why he is interested in the evolving space, including his forays into NFTs as well as seeing campaign donations come in the form of cryptocurrencies.
The SEC's enforcement actions towards the FlyFish Club NFT project are addressed, and Hester Pierce & Mark Ulyda are lauded for their articulate and humorous dissent, with some excerpts from the dissent being read. The dissent is celebrated for its understanding of the value of NFTs and the overreach such enforcements represent. A recent letter to Gary Gensler from House Majority Whip Tom Emmer and Patrick McHenry, Chairman of the House Committee on Financial Services, questioning the SEC's approach to airdrops and even asking questions about how airdrops differ from other incentives such as airline miles and credit card points. These letters both point to how there appears to be a powerful shift in the arguments in favor of more favorable policy for the space overall.
The Decentralized Era is just beginning. Come join us on the Socials:
X | @DecentralLens | @Blutoshi | @DiscoHODL
YouTube: @DecentralLens
Web: https://decentralpod.com/
Previous Episode
Decentral Lens: Crypto Carnage | 9/11/24
In this episode, Disco and Blutoshi dive into the similarities of drama currently taking place both in macro U.S. politics and the emerging Bitcoin, Ordinals, and Runes space. They explore how these seemingly disparate worlds share commonalities in their struggles with power dynamics and the importance of critical thinking.
The show delves into the current drama surrounding Ordinals founders and builders, offering insights for individuals and the community on navigating these complex relationships. The hosts then shift focus to the limited pool of active Ordinals traders compared to Ethereum and Solana, speculating on what a unified Bitcoin/Ordinal/Rune community could mean for the future.
Lastly, Disco and Blutoshi weigh in on recent market trends for Runes as a whole, with particular attention given to the Decentralized Runes camp's decision to cease operations – an event that leaves a lingering sense of disappointment
The Decentralized Era is just beginning. Come join us on the Socials:
X | @DecentralLens | @Blutoshi | @DiscoHODL
YouTube: @DecentralLens
Web: https://decentralpod.com/
Next Episode
Deep Dive: Generative Art & Chefs d'OEuvre w Gerard from VIVID
For this special deep dive episode, the show features Gerard from VIVID Gallery, delving into the cutting-edge world of generative art Ordinals and showcasing the groundbreaking projects curated by the VIVID Gallery team.
The episode explores the magnetic appeal of inscribing generative art on Bitcoin via Ordinals, discussing the intriguing possibilities associated with the Bitcoin chain's distinctive features, such as provenance and parent/child relationships. The role VIVID plays in introducing artists to the Bitcoin ecosystem and the enthusiasm these artists exhibit for its potential is also examined.
The discussion then delves into the one-of-a-kind nature of these pieces for both artists and collectors, emphasizing the importance of being cautious when it comes to what and how to inscribe. The conversation then takes a turn towards an overview of the VIVID Chefs d'OEuvre collection and the current auction, highlighting how the pieces can transform on an algorithmic daily basis. The Eternal Tides piece is showcased as an example of linking the outputs to on-chain activity.
The Decentralized Era is just beginning. Come join us on the Socials:
X | @DecentralLens | @Blutoshi | @DiscoHODL
YouTube: @DecentralLens
Web: https://decentralpod.com/
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