Even the most hardline BTC maxis are low-key starving for a way to earn yield on their BTC. CoreDao contributor Rich Rines says that Core Network provides a way for HODLers to do that – without needing to trust any bridge or custodian!
In this conversation, we discuss
How Core Network combines both Proof of Stake and Proof of Work
Whether CoreDao is a Bitcoin “L1” or “L2”
Why Core has proven so successful with a “fair launch” token
Whether utility tokens can make a comeback under the new administration
The most exciting use case being built in crypto
This episode is powered by Best In Slot—the leading API for Ordinals and BRC20 data aggregation and indexing.
TIMESTAMPS:
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00:50 What is CoreDao?
01:50 Satoshi+: How Core Network is secured
02:55 What’s wrong with Merged Mining?
04:00 How CoreDao contributes to Bitcoin security
05:10 Is CoreDao a Bitcoin L1 or an L2?
06:27 Creating native staking yield for BTC
08:30 Yes, the staking is trustless
10:00 Why proof of stake doesn’t need slashing
11:10 There is no trustless slashing on Bitcoin today
12:50 How CoreDao hit product-market fit
14:30 What problems does CoreDao solve?
16:20 BTC is collateral - not currency
17:10 How did Core’s TVL grow so fast?
20:00 Converting normies to Core
21:35 Core’s “fair launch” token approach
24:50 Why bother with crypto tribalism?
26:00 The death of VC tokens, rise of fair launches
30:50 Could utility coins boom now that Trump is back?
33:20 Who will survive in this token market?
36:30 Market saturation and lack of flows
39:40 Bitcoin staking through ETFs?
41:35 Institutional vs retail staking with Core
43:30 Cool technology is not enough
46:15 Stacks and its staying power
47:10 Rich’s advice: play infinite games
48:55 Growing to scale and fee revenue
50:45 The biggest potential use case: lending/ borrowing
54:15 Rich isn’t bullish on OP_CAT happening soon…
56:30 …but is still cheering for Taproot Wizards
>https://x.com/richrines
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