In Episode 317 of The Block Runner Podcast, hosts William and I-man unpack why this Bitcoin cycle felt like a failed rocket launch, how unrealistic expectations soured market sentiment, and what Bitcoin's diminishing returns mean for miners and the long-term security budget.
They then dive into the real world asset wave sweeping crypto: graded sports cards and Pokemon moving on-chain, Meteora and OpenSea entering the RWA arena, and what past collectible bubbles, from tulips to trading cards, teach us about speculative media.
Finally, they share NAT.fun updates: the second rocket launch, a move toward systemic periodic launches, fame-score based caps, and ten thousand dollars up for grabs for creators.
Disclosure: The hosts are founders of NAT.fun and hold positions in assets discussed. Nothing in this episode is financial advice.
Watch the full episode on YouTube and subscribe to the newsletter at TheBlockRunner.com.
On episode 10, William and Iman listen to the Block.one announcement of the Voice, which is a Decentralzied version of twitter. Block.one is the development company behind EOS and they have built a version of twitter where censorship is simply not possible. We break down the implication of immutable communication and what that brings to humanity. We take a journey on the discovery of Decentraland and what it might become and how we can participate. Finally, with the ever growing threat of scammers, we talk about an active one at the moment and what are the red flags so you can avoid falling into their trap.
The fluctuations in Bitcoin is a normal thing for the first cryptocurrency. However, a $1,000 rise in a few hours is borderline insanity. William and Iman then discuss the alleged 51% attack on Bitcoin Cash, which is a form of an attack that could alter the blocks in the chain. Iman then discusses his latest blog post in detail on how to buy a bitcoin. We then get into censorship on twitter in the impact it has and how blockchain could help. Finally, Zuckerberg and Winklevoss getting a potential reunion to work on Facebook’s global coin will make an interesting movie.
Bitcoin volatility leads to rises and sharp crashes just as quickly, all this is part of a new and early technology. Bitcoin gets discussed on 60 minutes while thousands of retailers accepting cryptocurrency as a form of payment. As the market matures, not all companies make due to various dynamics, Cryptopia enters into liquidation. Finally we summarize some technical subject that we want to dive in deeper in later episodes.
Cryptocurrency is still in early development so William and Iman discuss what could be driving the price of Bitcoin up. We also discuss the possibility of the United States banning cryptocurrency and what it could do to the price. Other developments on the Bitcoin blockchain include the Lightning Network and how it's now considered a money services business. Next, we discuss how Binance got hacked for 7,000 BTC. Finally, how much will Bitcoin be worth when fiat currency no longer exists?
One of the more foundational aspects to blockchain is the ability to host smart contracts, William and Iman discuss how smart contracts play a vital role. Price discussions take a majority of mindshare, but could a $60,000 BTC be the new normal one day? We believe that Bitcoin will be the vessel of the largest wealth transfer ever. Finally, we discuss how Bitcoin has better attributes that displaces the spot gold currently occupies.