DeFi on Bitcoin: Solving a Problem That Doesn’t Exist?

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All right, David, we'll appreciate you sharing on the interview earlier. This is a portion for subscribers, paid subscribers to the podcast. We're going to delve into a couple things today. You mentioned in the interview that you benefit from reading, wanted to pick your brain a little bit on some of the things that have helped to keep you sharp or introduce you to new ideas.

And then the other topic you wanted to talk about and this is going to be a bit of a a hostile audience or at least a skeptical audience but Bitcoin and DeFi So I forewarned you but I want to see what you have to say here because it something that you want to share And you did provide a lot of great insight when it comes to Bitcoin mining. So let's start off with reading and things that help to keep you sharp and introduce you to new ideas.

Yeah, you know, as far as reading, you know, something that really kind of clicks for me is always not being afraid to be curious on the topics, right?

And really just kind of diving into what might be present as well, right? You'd be surprised, right? that and I was kind of sharing one book that I'm currently reading, which is called The

Harvest, right? So it's by Adam Livingston. You can find it there But you know super intriguing book it was recommended to me by a good friend of mine who a professor over at UT His name is John Professor John Dollary So but it an awesome book awesome read Um, but at the end of the day, it's like, well, it keeps me really fresh and it keeps me, keeps me up to date again, right. It's, it's being curious about what's out there, always asking, well, how, and why does this work? Right.

And, and really looking for applications towards my own, towards my own theories, right. Everybody has their own perspective on what they're, what they kind of think that this market's going to develop into. It really helps just to kind of get just stay curious and always read always read towards towards what might, you know, what might come next. Yeah. So is this the Adam Livingston that's sharing on X a lot these days? I feel like I've seen an Adam Livingston pop up. Is this the same one?

Do you know? Yeah. Yeah I believe so It you see the book there It called The Great Harvest Yeah The Great Harvest Yeah cool Yeah cool I seen him producing a lot of stuff these days He can spit out some content I don't follow him, I don't think, but he's definitely out there in the ether.

So the next thing is DeFi on Bitcoin. So sell us on it. Oh, man. And so, you know, I think really start, you know, I won't really sell you on it, but I'll kind of just inform you of like what's what's current and what's present. Right. And what we've where we've where we've actually what we've actually stemmed from, you know, in the beginning of 20, you know, I'd say 2018 ish, 29. Well, really, 2020, you know, we had, you know, DeFi summer.

Right. We had the emergence of a lot of these stable coins that kind of came around. And we're also seeing the emergence of legislation towards stable coins specifically. Right now, why this is important is because.