Bitcoin’s (BTCThe next evolution of the product is not just about cost. The potential is what matters.
This week, on the episode of Clear Crypto PodcastThe hosts Nathan Jeffay & Gareth Jenkinson sat down with Isabel Foxen Duke – general partner of Unbroken Chain & longtime Bitcoin enthusiast – to discuss what she refers to as “the Bitcoin paradox”. “Bitcoin Season 2.”
Bitcoin: beyond the money
“Bitcoin Season 2 is really about seeing what we can do with Bitcoin outside of just being money,” said Duke.
“What are the broad range of financial use cases for [Bitcoin] other than just being money by itself?”
Bitcoin is evolving beyond its original identity as an electronic store of value. New tools like runes and ordinals are being developed, along with decentralized financial instruments (DeFi).
One key innovation under discussion is trustless lending — allowing users to borrow against their Bitcoin without involving third-party intermediaries. “We don’t have the ability to lend against our Bitcoin in a trustless way without third-party intermediaries,” Duke said.
“I would argue that is the second most important and second most used use case in the real world other than making payments.”
Bitcoin Lending
Discreet Log Contracts, or DLCs for short, are a solution emerging that lets users keep their Bitcoins and lock them up as collateral while maintaining control. The smart contract enforces payment, rather than a central government. “That’s proven by math rather than trust,” Duke said.
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Duke expressed her excitement about the potential of trustless bridging. This could enable Bitcoin to work with external platforms, without losing its decentralized character.
“If you could use Bitcoin not just as money but as a base asset that can trustlessly plug into any financial system, that would be… the end of the road for this asset.”
Jenkinson highlighted the future of DeFi, a Bitcoin native that could provide real financial access to those who are excluded from conventional banking. “A few little changes to some lines of code might just unlock [permissionless finance] for all of us,” He said. “And that’s the kind of future I’m hopeful about.”
You can listen to the entire conversation by clicking on Clear Crypto Podcast, listen to the full episode on Cointelegraph’s Podcasts page, Apple Podcasts You can also find out more about Spotify. Don’t miss out on the full line-up of Cointelegraph shows!
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Source: cointelegraph.com
