Space Summary
The Twitter Space ️ The State of BTC Assets with @OrdinalHive and Friends hosted by UniCrossGlobal. An insightful discussion on the state of Bitcoin assets and the potential they hold across various layers, including DeFi applications, regulatory implications, sustainability concerns, and community education. Experts and guests shed light on the importance of security, interoperability, and institutional adoption in shaping Bitcoin's future. The space explores the challenges and trends surrounding Bitcoin mining, tokenization, and the role of DeFi in expanding Bitcoin's utility. Overall, the space provides a comprehensive view of the current landscape of Bitcoin assets and the critical factors influencing their growth.
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Space Statistics
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Questions
Q: How do layer 2 solutions enhance Bitcoin's scalability?
A: Layer 2 solutions like the Lightning Network facilitate faster transactions and reduce fees, making Bitcoin more efficient and scalable.
Q: Why is community education crucial for Bitcoin adoption?
A: Educating the community about Bitcoin's benefits, risks, and best practices fosters trust and wider acceptance of the cryptocurrency.
Q: What role do regulations play in shaping Bitcoin's future?
A: Regulatory clarity and institutional involvement are pivotal for Bitcoin's mainstream adoption and long-term sustainability.
Q: How does DeFi influence the Bitcoin ecosystem?
A: DeFi applications bring new opportunities for lending, borrowing, and earning interest on Bitcoin assets, expanding the utility of the cryptocurrency.
Q: What are the main challenges facing Bitcoin mining?
A: Environmental concerns, energy consumption, and decentralization vs. centralization debates are key challenges in the Bitcoin mining sector.
Q: How important is cross-chain interoperability for Bitcoin?
A: Facilitating interoperability between different blockchains enhances Bitcoin's utility, liquidity, and overall market connectivity.
Q: What are the current trends in tokenization within the Bitcoin space?
A: Tokenization trends involve representing physical or digital assets on the blockchain, enabling fractional ownership and improved asset liquidity.
Q: Why is security crucial for Bitcoin transactions and storage?
A: Ensuring secure practices in transactions and storage protects Bitcoin holdings from theft, fraud, and cyber threats.
Q: How does institutional adoption impact Bitcoin's value?
A: Increased institutional adoption brings legitimacy, liquidity, and price stability to Bitcoin, influencing its value and adoption globally.
Q: In what ways can the Bitcoin community contribute to its sustainable growth?
A: Community engagement, education, and technological innovation are key factors that can drive Bitcoin's sustainable growth and adoption in the long run.
Highlights
Time: 00:15:47
Layer 2 Solutions and Bitcoin Scalability Exploring how layer 2 solutions like the Lightning Network enhance Bitcoin's scalability and transaction speeds.
Time: 00:30:12
Regulatory Considerations for Bitcoin Discussing the impact of regulatory frameworks on Bitcoin adoption and market stability.
Time: 00:45:59
Bitcoin Mining Challenges and Sustainability Addressing the environmental concerns and energy efficiency challenges associated with Bitcoin mining.
Time: 01:05:28
DeFi Innovations in the Bitcoin Ecosystem Analyzing the role of DeFi applications in expanding the utility and financial services of Bitcoin.
Time: 01:20:15
Tokenization Trends in the Bitcoin Space Exploring the trends and benefits of tokenizing assets within the Bitcoin blockchain for improved liquidity.
Time: 01:35:40
Institutional Adoption and Bitcoin's Value Understanding how institutional involvement impacts Bitcoin's market value, adoption, and long-term prospects.
Time: 01:45:02
Community Engagement and Bitcoin Education Highlighting the importance of community involvement and education in driving Bitcoin's mainstream acceptance and growth.
Time: 02:00:21
Interoperability for Bitcoin Enhancement Exploring the significance of cross-chain interoperability for expanding Bitcoin's utility and market reach.
Time: 02:15:10
Security Measures for Bitcoin Transactions Discussing best practices and technologies for ensuring secure Bitcoin transactions and storage.
Time: 02:30:48
Bitcoin's Future Outlook and Challenges Delving into the potential future challenges and opportunities for Bitcoin in the evolving financial landscape.
Key Takeaways
- Bitcoin's versatility and potential on different layers are being explored by experts.
- Layer 2 solutions like the Lightning Network are pivotal for enhancing Bitcoin's scalability and usability.
- Discussing the importance of security and privacy in Bitcoin transactions and storage.
- Regulatory aspects and institutional adoption play significant roles in Bitcoin's future.
- The community's involvement and education are crucial for the widespread acceptance of Bitcoin assets.
- Understanding the current challenges and future prospects of Bitcoin in the evolving financial landscape.
- Exploring decentralized finance (DeFi) applications and their impact on the Bitcoin ecosystem.
- Insights on the environmental concerns and energy consumption related to Bitcoin mining.
- Highlighting the trends in tokenization and digital asset management within the Bitcoin space.
- The significance of interoperability and cross-chain integration for Bitcoin's growth and utility.
Behind the Mic
Morning Greetings
Yo, Gm. Gm Yagobi, how are you? Good, how you doing? Good, man. I had a meeting at 05:30 a.m. and ran a little longer. Yeah, no, I overthlet, man, like, okay, gotcha. Yeah, it's like 10:00 a.m. 1010 20:00 a.m. here, so. Yeah, gotcha. No worries.
Conference Discussions
Is, is Ponzi joining us as well, or. Yeah, yeah. Yeah. I'm actually streaming. Are you, is a bitcoin Malaysia happening right now? So bitcoin Malaysia was two days ago, and today is Ethereum Kl. I'll be heading there after probably 12:00 p.m. Gotcha. Yeah, bitcoin Malaysia was pretty good, man. I'll probably touch on that, on your space as well. But what I found really fascinating is that we actually had a very good mix of people who were very new and people who actually were in the audience ecosystem.
Event Stages and Insights
So there was a very big bunch of people who were very new, and they stayed in this stage called the Satoshi stage. So the Satoshi stage was a stage for people who were newbies, and Nakamoto stage was a stage for people who knew more about ordinals, where we could really talk about the developments that are happening. And there was also an iov stage, which was talking about, which was in conjunction with the whole convention as well. And, yeah, it was very good to talk to people about ordinals. It felt like a whole moment where we really have to introduce everything again. But, yeah, so it's a.
Understanding Bitcoin and Value Transition
It's refreshing, man. I'm talking to people in the ecosystem all the time, compared to people who really needed to know about this beautiful thing we had about bitcoin. And I kind of used the analogy of gold to explain, like, the value transition from what sets bitcoin sets are. And then, like, all the way to how you can actually melt gold and create art. And that's kind of how ordinals are and how you can do more with it, turning it into semiconductors, and that's like bitcoin fi and then unleashing it all the way to using gold in space equipment.
Living in KL and Upcoming Events
And that's what you have with expanding with bitcoin layer twos and all that. Nice, nice. Do you live in Kl? Yeah, yeah, I live in KL. So it was a very special moment for me because this is the first time Malaysia has a bitcoin conference. Nice, nice. I'll definitely look into possibly making the next year, maybe extending my stay in Asia if I go to Singapore to carry over to that. Yeah. Yeah. That would be great, man. I think everyone would love to see John Wick in Malaysia.
Joining the Conversation
Yeah. Gm. Gm. Fonzie, how are you? Sorry, I kind of overslept. I had a meeting at 530. Oh, no worries, bro. You're chilling. Gm. Gm. No, I was. I was enjoying the conversation. We definitely need John Wick in China. Who's the most likely to be? I think. I think. I mean, I've watched Jackie chan growing up, so that was like the John Wick for me. But if there's any other options, let me know. I'd love to, like, see who.
Unexpected Comparisons and Humor
Yeah, dude, meeting Yagobi in real life, I was like, yeah, this guy definitely looks like Kinu, man. Like an old, overweight version of Kiyaru. Yeah. Oh, no. Good. Go for it. Go for it. Yeah. Thanks. Thanks for joining everyone. A little bit off schedule, but yeah. Happy to have you guys here. And Stoney, this is the first time I believe were talking, so. Hi. Hey. Thanks for bringing me on.
Sharing Experiences and Innovations
Fonzie reached out to me today. I was like, perfect, I'll join the space. There's a few people in here I see on my timeline, obviously, or no hive all day. Shizzy, big cat, 20 fan. Same here. All about that, man. I'm glad the innovation is starting. Opcat on fractal, so. And then you go be too. I see you on my timeline as well. Nice to meet you as well. You too, unicross. Yeah, welcome.
Introductory Statements from Participants
It's good to have new faces here and some familiar faces. Let's just get into the meat of it. We have also liquidium here today. Liquidium. I think it's sue behind the scene. How are you? Gm. Gm. Nice to have. Nice to be here. GM. Gm. Gm. Gm. It's really a GM here. It's true. It's. Yeah, it's really GmdeZ. So I don't know what's the time up to at your place, guys, but that's morning here.
Time Zone Differences
It's GN over here in west coast, the US. So it's already nighttime over here, but happy to be here. Yeah, there's. There's always a GM everywhere. I was gonna say on the other John Wicks kind of stuff, I was. I was co-hosting with cheesy the other day, the owners relations show, and someone to comment said like, you go be looked like Tom Cruise. So maybe Tom Cruise or I. It's either Tom Cruise or it's John Wick.
Updates on Bitcoin Conference and Guests
So we got freeze out by the end of today. Yeah. So we also have gamer here. Gamer actually joined us as an ambassador for Unicross and I'm really happy to have him on board. He's very knowledgeable about what's going on. And today to talk about the state of bitcoin assets. So I guess maybe you should start. With a little bit of introduction. But everyone here is really famous, I think Liquidia, Fonzie, maybe you can start with a very short introduction and we'll move down the line.
Fonzie's Introduction
Yeah, let's do it. Hey, guys, Fonzie here behind the Orno Hive account. Founder, CEO of Orno Hive. We're putting a professional training protocol, or we built a professional training protocol on bitcoin to facilitate, you know, a lot, much better trading environment for high volume traders who trade, you know, ordinals, the entities on bitcoin itself. So, yeah, super excited to be here and talk more about these assets that are actually doing very well as we speak.
Contributions from Shizzy and Yagobi
So let's see where. How far we go with that. Yeah. And two people who need no introduction, Shizzy and Jacobi. These guys have been pumping out quality content every day with ordinal revolution. And Yagobi recently have been making some pretty amazing videos. So, yeah, just. Can you just talk? Tell us a little bit about ordinal revolution yourself.
Yagobi's Contributions
Yeah, for sure. So my name is Agobi and I am actually one of the co founders of Ordinal Revolution. Our first mission is to get the news out to the community. Right. And then we are also like a partner of kind of marketing and reach with builders as well. you know, our main objective is really to build community, make sure that, like, builders are heard.
Shizzy's Perspective
we do pre recorded videos with builders and we just really try to cover the space as much as possible. We focus on the bitcoin ecosystem with an emphasis on the ordinals and rune space. And so, yeah, if you have any questions, don't hesitate to reach out. But that's. That's what we're about. Yes, sir. Yes, sir. I'm shizzy.
Content Consistency and Challenges
On the other half of ordinary evolution. Yeah, we just. We grind it out, man. We're the most consistent channel out there. There's no one more consistent than us. We just kind of push out content. If it's good, bad, ugly, we don't care because we will bring you the news every single day, no matter what it is. Good day, bad day. I spent a lot more bad days than good days.
Hope for Future Trends
So the next couple months are gonna be really fun because I feel like it's gonna be the opposite. So. So let's hope for a bull run. Let's hope for really good. December and Q four. You can't have good days without a. Comparison of bad days, right? Liquidium. What's up, guys? Good, good.
Chinese National Holiday
And actually, I don't. I think I'm only guy having a holiday here. I'm not sure, because it's a national holiday here in, you know, in China. Wait, what's that? I was gonna ask you what's. What's the holiday? It's. It's a foundation of separation for the foundation of People's Republic of China. So that's the holiday.
Travel Story
And, you know, we don't have many holidays, so people go outside at the same time always. So yesterday I drive about like 10 hours on high speedway highway, and also within 5 hours go tourist attractions. And they're really. We plan to be there like 04:00 p.m. but when we get there, it's a 06:00 p.m. then the transcription has already closed. So I'm not sure if it's a good day or bad day.
Feedback on Travel
Wow. So you spend a lot of time on the road, man. I think there's. Everyone's rearing to get out. Stoney, what's up, man? Hey, what's up? Yeah, so I've been in space since 2017, and it wasn't until my wife threw away my seed phrase. That's how I ended up becoming the founder of shieldfolio, which is like a cool little notebook to stash your.
Product Introduction
To write down your seed phrase, private keys, things like that, passwords. So that's how I stay in the space. I hit it hard with the ordinals and the runes. You know, I used to be in nfts, but now I see more. A lot more potential here on bitcoin. Currently just looking into cat 20, things like that. But I'm always in spaces. I'm always in the nukey spaces.
Community Engagement
Fonzie knows that. But, yeah, I just love being here. And I work full time selling that notebook globally. So thanks for having me come up here. Okay. No. Kinoki. What a world. Dude. I really need something like shoot folder. I have my seat phrases all over the place. Mandy. Yeah. You know what? A lot of people write them down, note, post it notes.
Personal Story and Product Inspiration
I had mines written down on a scrap piece of paper. My wife threw it away. But thanks to that, this notebook. I created this notebook. Cause I was like, dude, there's, like a necessity out there, and there's no other note, there's note. There wasn't a notebook since the creation of bitcoin. I was surprised since 20, since I launched it in 2020 on the pandemic.
Reflecting on Innovations
But I'm glad. I mean, it's very simple. You're right. A notebook is just simple to use. True that. Through that gamer. Good morning, GMGM. So, recently joined as the ambassador of Unicrosoft Global. And yeah, I was happy to meet you IRL Yagubi. And, yeah, liquidium, you know, always using that, liquidium.
Journey into Bitcoin Inscriptions
So I joined the space in 2017, and then as I heard about inscriptions on bitcoin, I was like, this is it.
Next Frontier of Bitcoin
Like, this is the next frontier. So ever since the start, like, been there, you know, using all those old wallets, like, what's that thing called? Sparrow and all, you know, the spreadsheet era of ordinals, you know, it was hella fun and. Yeah, love the space, you know? Yeah. So that's my background in general.
Crypto Market Dynamics
Okay. Now that we know everyone, so let's get into the heat of things, man. Like, recently, we've been seeing a lot of action on fractals. That's what a lot of people are talking about right now. But looking back into ordinals, we are beginning to see some volume pick back up. What do you guys think is happening right now? We'll start with Fonzie. Yeah, no, I. So, okay, there's, like, maybe a number of factors. Like, I want to first start with, like, you know, kind of the adoption of bitcoin itself as a whole, and especially during a time of very much uncertainty right across the globe.
Impact of Global Events
And I was in a space earlier this week, too, and they were talking about the war. The war especially what's going on in the Middle east. But what this reminds me is Larry Flank was he's come out multiple times saying bitcoin, sort of. He sort of hedge against these kind of certain times. And I think people have started seeing that, and people are sort of taking his word, like one of the biggest guys in finance, you know, business, like, saying that, you know, it carries a lot of weight. So you'll probably start seeing more people, more institutions, kind of, like, come in and, you know, even.
Shifts in Investment Strategies
Even kind of poor, their savings are trying to, like, you know, hedge the risk over onto bitcoin itself. Right. As a result of that. Like, you'll see, you know, kind of bitcoin do very well, and these assets kind of manifest. And then, you know, overall, like, over the last, like, week itself, I know Shayzi had a post where like October was canceled, but I think it's resumed. It's back on track. you know, we have like runes and we have like, you know, ornos kind of do very, you know, pretty much very good. Like there's been ruins that have performed very well.
Market Sentiment and Liquidity
so we're just starting to see liquidity. We're starting to see like sort of the sentiment overall change drastically. it can be a number of factors, right? It can be the fact that, you know, as we gear closer to election season, you know, people are probably more optimistic about sort of the results, you know, during times of uncertainty too. Like you see people kind of do some stuff and I, you know, make decisions that can affect their stuff and at the end, like ultimately, like, you know, you see that play out on the asset side of stuff. So like you see roots do like, you know, some roots have done very well.
Predicting Future Trends
Like there's been roots. I'm seeing like go up pretty much all green candles right now. If I'm looking at charts right now, pretty much all green candles and so you know, that's also like, you know, uplifted. Right. If you see like your roots doing very well, if you see the quit inter, you know, ten to 2030, 40 xing right, you'll have more people coming and be like, whoa, let me catch the next one. Like which was the next one that's low market, like low market cap which you're gonna go into and like you know, make a ten x 20 x return.
Effect of Institutional Involvement
And so you sort of start like kind of having a trickling effect of a sort of traders mindset and it starts from the top. So I think those factors there have like really prompted some, you know, some form of like, you know, we just reignited some wave of like liquidity back into the ego and you know with the sort of the, with the infrastructure that has been already built during the period that you know, Bruns were dead, you starting to see like more of the infra out there, right, to support this new like wave of individuals.
Future Prospects in the Market
So yeah I think those number of stuff definitely curious to see what this thing. But I think those factors there definitely contribute to like, you know, the recent bull, the reason like you know, uplift and you know, progressively look at us better in a bear market as well. Yeah, I agree man. You know, right now there is a lot of going on in, around the world in terms of conflicts.
Bitcoin's Role as a Secure Asset
But people do use bitcoin as a very secure and safe way to transfer money. There's a lot of alpha that I heard of that's going on behind the scenes in regards to how money is used, how money is transported in parts of the world where they still do it physically every single week. So when you think of conflicts happening, bitcoin would be a very secure way to actually transport money rather than opening up yourself to factors of attack by robbers and stuff like that. Jagobi, do you think bitcoin is in a very good position right now?
Outlook on Bitcoin and Market Sentiment
Bitcoin assets are in a good position right now? Or are we like, missing October? No, I'm actually in the same boat as Fonsi. I think that, like, you know, we have to remember the three previous months before September, right. Even in the first part of September, went through a really tough time, starting really in July, August, and then first part of September. And. And we did have some relief in the middle.
Market Timing Discussion
You can never time the market. Correct. But curious to see, like, you know, shazy, what are your thoughts on all this so far? And, you know, what's the expectations for, like, moving forward?
Selling Early
Yeah, selling early is terrible. It's the worst feeling in the world. When you suck a fleet out of your bags, like, I had, like, a shit ton of bitmaps and I sold them around, like, I don't know, like, probably like 2300 and then watched them go up to like four, I think was like 400 or something like that. Something crazy. Four or 500. And I was just like, fuck. Right? So it was like, that was the worst feeling. And I was feeling great.
Greed and Expectations
Bro, that's greedy. That's greedy, bro. You sold for 300 and you're mad because you missed out on a hundred? Yeah. So that's the thing. Thing you're not understanding is I didn't know how high we're going to go. Right? Yeah, it did peak out of 400, and I was happy I sold when I did. But what if it was a 700 or 900? That fucking hurt.
Potential Losses
What if it went to a billion? It's not bitmap socks, but that's dead. But now. I'm just kidding. But no, but honestly, though, if it went to, like, you know, that. That hurt way more. I would rather, you know, sell late than fucking then sell early, because that's like the worst feeling. So.
Market Strategies
So you like to look at the top, see where it tops out, and then you're like, okay, maybe I'll sell a little bit around that area. Well, it's because there's hope, right? Like, if you. If you. If you're still holding in the dips, you're like, oh, maybe this is just a dip. There's still that hope when you sell too early and watch it up, you're like. And then you're like, oh, shit.
Decision-Making in Trading
And then you're thinking when it falls back down to your entry price, do I get back in? And then it's like, you can fuck up your whole trade if you do that. Oh, my God. Well, you know, if it's a consolation, it's a very good time to buy bitmaps again now. You know, now it's like 50. Less than $50. Then, you know, you could probably sell at 400 again, right?
Investment Philosophy
It's. It's for me, like, I don't chase stuff. I'm always chasing the new. The new hottest stuff. I think new hottest stuff runs. I don't want, you know, 1020 x's. And I think bitmaps gonna give you that. I want 100 x's. I want a thousand x's. I want to chase stuff that's in, you know, 100,000, you know, market cap and stuff like that.
Market Opportunities
So I'm always on to the next one, you know, bitmaps was hot, last year, and. But, you know, I. I think they're going to ten x, 20 x. But I'm not chasing that. I'm chasing 100 x's. Yeah, I might. My marker is at 20k still, so. So I don't know how we're going to do that. But it has to hit either way. I'm going to diamond it.
Cultural Sayings on Financial Stability
You know, there's a. Let me just say, you know, there's a chinese saying called, the old horse doesn't eat a. The. Like, you don't eat the. The grass. The grass field if you're already gone and eaten it. So I think that's what Shizi is talking about.
Bitcoin's Role in the Market
Gamer. Yeah. I really believe. Would you. Would you want to hold something to the top, wait for it to come back down or what? So when it comes to bitcoin, there is something that I will do no matter what, because, like, it's going to be, to me, other global resource, currency. But when it comes to everything else, right.
Avoiding Past Mistakes
I am not going to make the same mistake again. Most of the other assets I will have will all be shifted into bitcoin. That is how I will play the cycles. But selling out bitcoin, to me is still a very scary thing to do, because for me, I keep thinking, like, what if tomorrow Blackrock just says, oh, you know, all the companies that we have 50% allocation in, we want you guys now to own 10% or 1% of your company equity and put into bitcoin, and then we'll hold it for you.
The Value of Bitcoin in Troubling Times
Things like this can happen off the bat, and we don't really have the time to react. You know what I mean? And it's, every time I zoom out, it's just like, what? You only have one. If you have one out of 21 million coins, you are the top 1% or, like, 0.01% in the world. So you want to fit that chance for, you know, moving to fiat and back is really.
Accumulating More Coins
Yeah. To me, I have that bitcoin mindset where it's just about, how many coins can I get this cycle? And next cycle, and next cycle it's just about the coins. You get more coins, or if you lose, then that's the worst feeling ever. But your goal is just to accumulate more. So it be whatever investments I'm making, right, is all, how can I increase the bitcoin stash?
Challenges of Trading
Which is the hardest thing to do? If you have tried trading in different eras, like 2017 or whichever, trying to get more bitcoin, it's very difficult. Because of the greed that we all have is that you see it increase and you think, okay, it's going to go ten x, 100 x, it will go the next, like another ten x again after that. But it just doesn't at certain points of time and you're left holding the bag.
The Importance of Exit Strategy
So exit strategy, very important. Have a goal in mind on how many bitcoin you want to accumulate this cycle. What's your target for the next cycle? And start building your exit strategies beforehand. Yeah, and really, like for me, I'm just wondering because the world is really in a messed up state right now.
Current World Events
You got wars gonna break out. You have the government like in the US, printing, printing, and like their debt ceiling is not even kept and election coming up. There's a lot of anomalies happening. But end of the day, I keep telling people around me who don't believe in bitcoin saying, like, why does bitcoin have value? I keep telling them the same thing.
Bitcoin's Value Proposition
Bitcoin only has value if there's problems in the world. If there was no problem with like the money, there's no problem with these wars and there's no problem with everything, then bitcoin is not needed in a sense, but because there's so much issues going on, right. There's. People need hope, people need a decentralized path.
The Future of Bitcoin
Right. This is it. So that's why I cannot foresee myself selling bitcoin. But every other asset, yes, I will sell it and go into the hardest asset. That is the strategy and game plan. Beautiful, bro, beautiful. And for liquidium, are you seeing an uptick in lending activities right now with, you know, in recent times?
Lending and Borrowing Insights
Absolutely. The. If you take all the marketplace into account, liquidity, OKX, Margarita, unisex, etc. Currently liquidym has accounts for 40, 50% for all the volume. So if you. If you see one trade in magic agent is also one lending or borrowing in liquidymouse.
Market Dominance
So with this amount, ligadium has dominate. Okay, not much that dominate, but yeah, account for really large percentage of the whole market. That's good to hear, man. You know, rather than just straight up trading with your own tokens, it's also good to trade a little bit.
Utilizing Assets Effectively
Trade with token with money that you can borrow against your assets. That's kind of like, I would say a strong belief in that asset and also a strong belief in your own abilities. Yeah. And also for not just tokens, but also PRC twenties, all runes you can borrow anything, any assets of the BTC.
Recent Announcements
Assets. Yeah. And speaking about assets recently, we just found out that unicrost genesis can be loaned on liquidium. So we'll be making announcement together for our community soon about that. Very excited about that. Yeah, yeah.
Exploring New Opportunities
And maybe I think most of the audience, if you have time, you can just check your banks and USD and also check lithium. You may see some sleeping assets that you can do borrowing and trading on our platform, and maybe you can benefit from that kind of activities. Yup, for sure.
Yield Seeking Behavior
I agree, because I think, like magic Eden has some limitations also as to if something is listed at certain price, you cannot give a bid below like 50% or something along that lines. Am I, if I'm not wrong? So like, at least like with equilibrium, you know, you can give the loan out, you know, get like a certain amount that you're comfortable with.
Potential for Profits
And, you know, if the person decides to default, then you win in a sense. And if it doesn't, you also win. You kind of get the liquidity. And I think, like, using liquidium over the past, like one year ish, it has been a really good experience.
Learning from Personal Experience
Like, even my parents, using liquidium, it's like you can earn more BDC, stack your sats, as well as get into projects that you really want to get in. It's really solid. Wait a minute, wait a minute. Did you say your parents? Yeah, yeah, my parents.
Educating the Next Generation
Like, literally, I was saying my parents, like, you know, you can like accumulate your fiat in the bank or you can like take some BDC assets. You know, I, I know some of the good projects that probably will do a ten x in the future, like conservatively. Why not you go into some of these assets and also earn BDC as you know, earn BTC while you give out your loans.
Strategies for Yield Seeking
And yeah, they are agreeable to it and they saw the potential as well. So I think one thing I realized also in the previous cycle, right, is most lay people, I would say, are looking for yield, whether it is in assets like property or stocks.
Yield as a Key Concern
They're always talking about yield. How can I get yield? So I think big things that will come in are like liquidium, things that have yield bearing assets, because that's the mindset. Like, how can I be financially free? And the first thing they think about financially free is income.
The Promise of Income
And income is like in a source of yields or, you know, dividend payout. So when you give people this kind of, you know, you can get like 5% interest or 10% interest and they're like, whoa. But at the same time, like, this is where the bad actors came in. Like, the previous cycles and, you know, did all their scams and things like this.
The Need for Caution
But this is what I feel most people are looking for that are not involved in the crypto space. Thank you. Thank you for your support, man. No worries, bro. Also, one very important difference between liquid demand, magic eating such kind of marked place that if you want.
Market Liquidity Challenges
If you want liquidity, you have to sell your assets, right? So if. And once you have sell your assets, for example, if you want to sell your omb, but it's very possible that you cannot buy the back. And for liquidum, you can always have liquidity at the same time.
Retaining Asset Ownership
You have to ownership, still have the ownership of your asset. So that's a very good thing, especially when you have special feelings of your, for your collection. Like this collection is your PFP or you have, or you use collection as identity or whatever.
Functionality of Liquidium
So. And you also need some money in urgent time and you can do just borrow some on liquidity. Yeah, that's an interesting way to think about it. I hope people can gain some perspective on what lending and borrowing is through that previous conversation.
Transitioning to Bitcoin Conversations
So, Fonzie, do you want to talk about bitcoin? Fi. Yeah, 100%. Let's do it. Like this very topic. I think, man, there's something to say about this.
Bitcoin's Growing Importance
I think bitcoin five is actually pretty neat to discuss in many ways, just because of the growing, like, just cover this for specific assets, right. I think what equitium did was amazing. It served a lot specific potential for it.
Future Prospects
But there's so much more to, like, do. And, you know, when it comes down to it, like, you're seeing platforms where you can stake it to you seeing platforms where you can serve, like, you know, kind of do something with those assets and, you know, at the end of it, it's more of like, you know, position yourself within the ecosystem and unlocking the most we can do.
Traditional Finance Integration
Right. So everything that's possible in traditional finance will be possible on bitcoin, right. Eventually, like, you can't not replace. And we have to remember, like, the purpose of bitcoin was to replace, like, you know, kind of a dollar standard, really just a treasure financial system, right?
Developing Financial Protocols
So, like, you know, kind of having protocols out there for lending, borrowing, interest, staking mechanisms, right? Protocols for, like, trading these assets, future swaps, derivatives, all this stuff, right? And I think we have lots of those specific, you know, platforms out there ready, that are built.
Evolving Financial Instruments
And so, you know, I think from perspective, right? You can do so much more now than before. Like, your assets won't be sitting idle there. So, yeah, there's so many things that, you know, we can do as a result of that.
Unlocking Potential in Financial Tools
And I'm curious to, like, see other people here in the room, what they think on that. But I think the next wave will be sort of, like, unlocking the potential of the specific assets. How l two unravels and even helps facilitate some of that as well would be quite important.
Emerging Ecosystems
So, yeah, there's so many things in this specific space, and I want to definitely kind of loop in the guys in here. Thoughts? And, yeah, how do you guys see, like, evolving over the course of the next couple of months?
Building an Ecosystem
Yeah, you know, we had Adam McBride on our show, and we actually started a segment called Bell's corner, and we had a really good discussion about how this building on bitcoin has started a kind of like a utxo ecosystem.
Integrating New Systems
And, you know, there's. There's a, you know, a select few of EVM bitcoin layer twos that are kind of going to be plugged into this ecosystem. And I think it works because last cycle, the EVM ecosystem got built out first.
EVM Ecosystem Foundation
Right. So just like you, like Merlin and bit layer and stuff, they'll be able to plug in. But I think the main focus is going to be, like, building out this kind of, like, utxo ecosystem or bitcoin ecosystem.
Positioning for the Future
And. And so, I I think positioning yourselves into realizing, like, what's. What's going to be hot. Right. Like, obviously, you know, layer one, bitcoin people are trying to build a lot of applications on.
Building Opportunities on Bitcoin
And the limitation is, you know, we don't have the. The opcodes to have on chain computation of functionality. Right. So what's happening? You know, Fraco was built, and then you have opcat on fractal, so you can do testing there and you can see how it would be, like, once bitcoin gets opcat, and then Bell's coin is going to be adding Opcat as well.
The Future of Bitcoin's Development
And so, you know, there's a lot of, like, unknown still with, like, this cat 20 standard. But the one thing I think we can all agree if you've been here since early last year when ordinals, you know, really started to take off, is that there is for sure a bitcoin slash UtXo ecosystem that's being built out right in front of our eyes.
Evolving Ecosystem Dynamics
Like, you have the EVM size, like I talked about, and then now you're completing with the Utxo side. This is big for the narrative coming up in this bull run. And I think that, you know, it would be really smart to position yourselves into, you know, the projects that are focused on this ecosystem.
Continuous Learning in the Market
So that's what I'm doing. That's what we talk about on the show every day, is just to make sure that you're educating yourself every day because it's going to move fast. And then, and then, you know, once we're in the heat of the bull market, you should have already educated yourself this entire time to be ready to, you know, have your positions already ready.
Anticipating Future Trends
So that's how I view it. So you mean like, starting a whole new wave of, like, Utxo based innovation that, you know, people can really rely on that because, you know, everything would be permanently on chain, right, for these Utxo based chains?
Reflecting on Innovation Trends
Yeah. So I think it's going to be a playbook that was ran back last cycle except for Utxo's this time, right. If you look back from 2020 and 2021, it started with Ethereum.
Lessons from Previous Market Cycles
And then, you know, there was a lot of activity on Ethereum.
EVM Chains and Bitcoin Ecosystem
And then next thing you know, these other chains that had ERc 20s that started on Ethereum built out their own chains or side chains like Polygon, and, you know, eventually, like EVM style chains, like Avax and eventually, you know, arbitrum and stuff like that, I think that's, it's going to be kind of similar to that, right? Like you have bitcoin now, you have a fractal, you have Bell's coin that's going to be adding, you know, they already added Taproot last week, and they're going to be adding Opcat soon. So it's kind of like the playbook that was ran for the EVM side. It's going to be ran for the Utxo side this time. So you can take advantage of these projects that are early since you guys were all here now, right? And the one, the EVM chains, side chains that are participating in this bitcoin ecosystem are going to benefit immensely, I think, because they're going to be able to take advantage of, you know, the synthetic bitcoin assets like Merlin's already doing.
Utxo Ecosystem Build Out
But at the same time, you know, like, down the line, you know, Ethan, the other alt, the other EBM, they'll have their own little run. But the main narrative is, in my opinion, going to be this Utxo ecosystem build out. That makes sense. That makes sense. You know, we can think of, like, Utxo chains being like the next narrative. I would say right now, a lot of attention has been placed on VM kind of chains, change of smart contracts. But it'll be interesting to see this development over here at unicross. We think about it a little bit differently, but I think it also complements the whole situation where we're trying to take bitcoin native assets and really unleash this potential across different chains. And maybe one of these chains would be like bells or doge next time as well. So I'm pretty excited to see how it goes. It kind of revolves around this very similar kind of track that we are experiencing right now.
Bitcoin Fi and Liquidity
One thing why bitcoin fi is that you have like trillion dollars of liquidity that can then flow into these different chains and kind of like spark a new narrative, spark new utilities, and just show that bitcoin assets can actually be a very prominent and big thing next time. Ethereum right now accounts, their token ecosystem accounts for 50% of their market cap. And bitcoin itself is only less than 1% utilized. So there is a huge room for growth there with bitcoin assets and bitcoin fi. So really looking forward to that. Shizzy, what are your thoughts on, like, bitcoin Fi and Utxo based chains? Man, I'm so bullish, dude. You know, with fractal and stuff that coming now with the. It's been fun to play with, you know, the short blocks, 32nd blocks. So it kind of shows you what the defi could be and then just the opportunity of these cat tokens.
Innovations in the Bitcoin Ecosystem
Right. So I'm up from my understanding is once bells does get opcat put on there, you're gonna be able to send your cat twenties from fractal right into bells easily. Right. No indexers, like, nothing needed, just send it right over. And then when bitcoin gets it as well, you're gonna do the same thing with bitcoin. So I think it's gonna really open a huge amount of innovation that when I. We know when bitcoin gets opcat, it's going to just be like, open the door and it's just going to come right in and we're going to see this giant boost. But, yeah, definitely bullish on, on UtxO defi, but I think Maryland's doing a great job as well. You know, I think, you know, stacks is going to be a big player. I think this entire bitcoin ordinal ecosystem, like every place where you can, you know, you can play with your ordinals or play with these runes and stuff like that. That's going to be a big deal as well.
Future Developments and ICP
I'm just really excited for the entire space in general, you know, including all the side chains, l two s and everything. Utxo and evm. Yeah. What do you, what are your thoughts? funzie? Yeah, no, I think echoing what she's just saying about elsewhere really. Any, I think. I think the big. Okay, so we last course, like, you know, I know were talking like this last year and even last year, the before that, 2023 about like, you know, Ethereum and all these other chains being tested, but reality, like, they help surf solidify and like flush out any bad surf, you know, any bad planning, any sort of bad roadmaps. Right. And so like, you know, what we will see is surf like the same playbook brand on Bitcoin.
The Importance of Bitcoin in Uncertain Times
So anything associated with can do very well. And that's including l two, I think. I think right now a lot of l two s aren't seeing much volume and that's okay. Their purpose isn't one, like, you know, kind of, there isn't volume on bitcoin. Their purpose, when there's high volume of bitcoin, that's when your usage will kind of start. And so they're well positioned for that. They're well positioned for, you know, onboarding next million users. I think melancholy is doing something incredible with the evm side of stuff, kind of onboarding that specific segment as well. And every l two will have its purpose. Every, every l two will have its specific like, niche that they'll get better at and kind of optimize around just like we see in other l two s.
Growth Potential with Bitcoin Assets
Right. So I think anything associated with bitcoin, whether it's utxo like bells or like dogecoin like stuff like that, any sort of similar stack would do very well. And that's because you're a lot nearer newer stack, near like playing field for individuals. So I'm definitely bullish on that. And I'm definitely bullish on sort of the ll two sphere of things too. So stacks, I know, I mean they're pretty much, they've got great backers, so I'm not too concerned about them. Fractal is like new to the ecosystem or close millions new butler. We have their l two s and, you know, anyone who really adopts these specific assets on l one, I think are what positions to, like, do very well.
Optimism for Bitcoin's Future
So overall, like, you know, I think all developments, everything that has occurred. You know, even someone mentioned about, like, kind of, you know what, when there's more uncertainty, when there's, like, more war, there's more uncertainty in the world. Bitcoin just very well. I tend to agree with that. Right. Like, people want to, like, go to the savior's asset and, you know, do you want to carry, like, truckloads worth of money, dollars? even risk. The risk, the, even risk sort of the idea of having a bank run, right. Or even carrying gold across different continents. Or would you, I just, like, memorize a twelve four c phrase for your wallet.
Technological Innovations in Bitcoin
Right. Or as Tony would put it, like, just write down paper. So, like, either or, like, you know, all this stuff, it's really optimistic in the long term, and I think we'll see it play out. We'll see, we'll see the usage of l two s play out as well. And we'll see definitely a huge run up on these assets in the long term. Beautiful, beautiful gamer. Do you have anything to add? I think you guys have said almost everything, but yes, I am bullish. I'm waiting for Opcat upgrade. I think it'll be solid and, yeah, and I'm also waiting to see, like, what new innovations come into the space as well because, like, as we have witnessed, like, even through, like, BRC 20, then we have runes and we have fractals.
Innovative Future Technologies
I'm sure, like, by the time we reach next year, there's probably going to be something huge that, you know, is going to be groundbreaking, that it's going to be implemented as well. Yeah, so I'm just, like, keeping my eyes open, watching the space as well and seeing like, you know, what new innovation is going to come out and maybe like, add on to it and make bitcoin more easier to be accessed and, yeah, that's what I'm looking for. Amen. Amen. Oh, sorry. Yeah, I was going to say we haven't even really talked about the ICP bitcoin ecosystem that's going to be building out.
Details on ICP Bitcoin Ecosystem
Shizzy and I had, you know, were fortunate enough to get a, you know, basically a demo of a project that's building using ICP and bitcoin technology, and it blew our minds with away. Right. And so that's just another part of this ecosystem. And I think each part is intricate to this bigger bitcoin ecosystem that we're going to see. And, yeah, so keep your eyes out for that because that's going to be a whole nother animal and I don't think people should look at it as, like, oh, you know, it's going to fragment the liquidity too much. Don't think about now. Think about, like, six months or twelve months, because 2025 is.
Market Predictions for 2025
We're going to hit the peak of this bull run in 2025. Not now, not in two months, not at the end of Q four, we. At the end of Q four, we hope for a good holiday push. You know, maybe bitcoin can get close to six figures and that's a win. But, like, 2025 is the big year, so that's whenever, you know, we don't have to work. Worry about fragmentation as much then, and just make the smart decisions in that year. Whoa, whoa, bro. Well, what's going on with ICP and bitcoin right now? I'll let shizzy talk about it.
Understanding the ICP Platform
I'm not sure if I can talk about it. Right. Well, just. You can give them, like, what you. What you're. Like, what you experienced, what your thoughts were on it. You don't have to go into detail. Yeah, yeah, I. So ICP figured out a way to do a decentralized way of bridging, where you take your bitcoin one side, you lock it in, and then you mint CK BTC on the ICP side. And ICP has these smart contracts called canisters, and they're actually really cool. And the technology in ICP is probably the best in this entire ecosystem.
Challenges of Marketing in Technology Space
They just don't have no good marketing. You know, I think that's the biggest problem with ICP. But anyway, so you're able to do this where you mint the CK BTC, which is just overseat of your bitcoin wrapped version, and you can do everything you can do over there, just like how you do in Merlin, right? You get the wrap bitcoin, and they're building ecosystems, they're building markets and stuff like that. We've seen one of these markets in full action. It was so fast. And then. And they're doing everything from their x first wallet.
The User Experience of ICP
So it's. It's very similar to account extraction, just like how Maryland does. So you use it, but you. You feel like you're just using normal bitcoin, right? You just use your extras wallet. You make the, you know, kind of make the deposit, which is kind of on the other side, and then you kind of get the coins and you play with them. And then when you're ready, you just take. You just withdraw your bitcoin back, right. So it works that way. But it's really, it was really cool to see, especially someone who really enjoyed side chains and l two s. And you know, I've been playing on, well, kind of watching ICP for a while, so it was really cool.
Future Collaborations and Advancements
And then you hear, you know, Benny from tap and they're building on ICP and Ethereum, so I'm just kind of curious about what they're building. But yeah, I'm very bullish on ICP. I know Bob bodily, who's somebody who, you know, I definitely look up to because he's super freaking smart, man. Every time he talks, I'm just like, I get that. I get like about the first six minutes of it and then I get lost. But, he's, it's, he seems very bullish on it as well. So yeah, ICp is definitely something to keep an eye on. But like I said, I mean, everything in his ecosystem, everything that you can do bitcoin type of Defi on is going to be phenomenal.
Community Engagement and Future Plans
That's huge, man. I haven't heard about that. Like, so you're saying like the experience, is much, much faster than what we've experienced right now. Sort of akin to like Solana or something like that? Oh, yeah, it was way faster. It was like, it was almost instant. I can't say the platform's name, but like, yeah, but when you did the transaction, it was like within like 0.5 to like 2 seconds. It was so quick. Wait, is, it's not bionic? Is it the marketplace? No, no, it's not bionic. No, it's a, it's something brand new. It's not even out yet.
Insights from the Recent Demo
Yeah. And just to, you know, keep in mind it was a demo, you know, so like weren't able to mess with it. It was, it was kind of presented to us and, but we saw the transaction and stuff though. So, so I mean, like Shizzie said, like, this is just another part though, right? Like, so like these other bitcoin side chains, you know, that have a big head start, in my opinion. Like, I think Merlin has a good head start. There's bitcoin layer one projects that have already built Merlin and then you have bit layer coming out and botanics coming out later.
Market Dynamics and User Adoption
There's going to be like Fonzie said, there's going to be a niche for all these side chains. And the ones that can get the most users obviously are going to be a little bit more successful than the other ones. And I know that the leadership for the ones that are really ahead of the curve is going to be strong. So the ICP thing, that's just another aspect of this entire ecosystem. And in my opinion they're a little bit behind because like it's been talked about like for a while and this is the first that we've seen anything of it. So. And we only did see that demo that was performed by the founder of that project.
Looking Forward to New Developments
So we, once we mess with it ourselves, then we'll have more of a, you know, concrete, I guess, review on it. Yeah, I find it very interesting because ICP, you know, they're very tech based and they can pump up some really amazing stuff and they've been doing that with very little marketing. It's not very mainstream and I'm actually very excited to hear about that. We need more good products trying to unleash the potential of bitcoin in their own ways. And yeah, I'm very excited of this development.
Invitation for Community Updates
I think we had a very good conversation so far. If there's anything you guys want to share about your project, any updates or any alpha that you have for our listeners, please feel free to do so. Before we wind up. I will say for the ordinal revolution podcast media company, just look out for a giveaway. Coming up this week for Tsar tokens. We're going to post it on. So they're the ord czar tokens. We have a collaboration with Nikheev and or Czar so we'll post it on our brand account probably early next week.
Broadcast Details and Gratitude
Other than that, we have some pre records that are going to be released next week. And then check us out live Monday through Friday. We're live 11:00 a.m. to 12:30 p.m. eastern time and yeah, that's it. We appreciate you guys for having us on stage. Always, man. Always. You guys are a staple in this ecosystem and it's an honor to have you on our stage. Yeah, shizzy, I think you guys are doing something pretty cool coming up soon.
Upcoming Initiatives and Innovations
Sorry, Fonzie. You're doing something pretty cool coming up as well if you want to share about it. Yeah, 100%. So two separate things. First thing is we have the aggregator built on l one. So aggregation across different marketplaces lower the things. We're going to work towards cement pool irrigation, and kind of like aggregate those listings there and offer, you know, solutions for sniping in a very unique way. That's, you know, you can snipe back your transaction or you can also have snipe protection which we discussed down the road.
Enhancements in Trading Experience
But really find those tools necessary on the l one side of stuff along with a couple of other things to optimize. So the training experience itself. And then on the l two side we're going to have a sort of like quick update training comp we're going to do in conjunction with unicross Mister J. So definitely keep an eyes now I can't talk anymore. Keep an eye out for that itself. It's like almost 08:00 p.m. here. So actually almost 09:00 p.m. so definitely wasn't that time guys. No but yeah, so definitely keep an eye out for that there.
Conclusion and Future Outlook
That'd be quite exciting. So so definitely training cop will be super excited. And you know we are built also on relocating itself so it's a great l two, great platform. And as for the aggregator itself, it's early access ping as you guys want access to that itself. We've been onboarding traders all week long. Yeah super excited to kind of flush out more updates there and make it much better overall trading experience for the end users. I'm excited man. I'm excited for our campaign.
Collaboration with Gaze Network
We are doing this in collaboration with Gaze network and they've garnered close to 40,000 new attention from the ethereum side and it'll be very interesting to see, you know, how these guys kind of interact with bitcoin knowing that, you know, they've been like very ethereum sidechain and layer two heavy if you have anything to add, liquidium. Here's now's your time. Okay, I think that's it for today. Thank you so much everyone for joining.
Final Reflections
I'm sorry I started a bit late. Yeah had some issues on my end. So yeah, it's been a great chat with everyone. Really appreciate your presence here and sharing your thoughts. And Alpha. One last thing. I think Shiji will agree. I guess October it's not canceled anymore. It's it's up and running right? It's we're good. Well I definitely have to see about that.
Market Trends and Optimism
Bro. Bro, look at the charts right now. Slowly inching up all time high this month. Bye. Bye. Bye bye.
