On today's podcast we interview Scott Gray, head of business development of Dev Protocol! We get an inside look of the economics of tokenizing open source software. With Dev Protocol, any developer can generate 10 million tokens as a way to capture and distribute value to their own community of supporters. Supporters can stake Dev tokens to support the development of different projects in order to participate and support a project so that devs can focus on their project. Supporters who stake mint new Dev tokens that are split between the staker and the project they stake with. We also discuss anonymous development and the chances of it becoming a more common and sustainable way to develop projects. Scott also gives his outlook of the long term application of Bitcoin.
On January 6th, we witnessed several historic events unfolding on this podcast. Trump supporters took over and forced an evacuation of the Capitol building in protest of the Democratic election. The last time this has occurred was August 24, 1814, when the British stormed Washington DC and set it alight. What could unrest at this scale mean for cryptocurrencies? We witness another rug pull from an anonymous team and how we naturally try to rationalize a high risk investment. Finally, The Fed approves banks to settle transactions using stablecoins.
We blast off 2021 with our 100th episode! If you've been listening up to this point, you're the reason we keep the podcast going, Thank you! On this special podcast we look to the future of Bitcoin as well as smart contract development platforms such as Polkadot. While Bitcoin reaches $33,000 and above there are other opportunities to keep an eye on. We also break down what substrate and parachains are. We also get a look at what could be the ICO 2.0 developing through a Polkadot project called Polkastarter.
On podcast episode 99 we discuss the inevitable rise of Bitcoin to the projected price of $100,000. There are two models in particular that Bitcoin seems to follow and that's the non-linear regression curve as well as stock-to-flow ratio. After 10 months of operation we're happy to announce 3 million in mana processed through MetaZone! Over 2 million has been sent to creators as we collectively build the metaverse together. Fewocious drops NFTs on Niftygateway. Finally Cover Protocol gets exploited by Grap Finance and returns the funds!
Recently we experienced a little dip in the altcoin market in the range of 10-20% as we prepare for the upcoming bull cycle. Fluctuations of this magnitude will happen more often as prices rise. Ripple is leading this epic fall as the SEC gears up for a lawsuit for $1.3 billion securities fraud. On the opposite side of the coin we have The Graph just launching and showing strong momentum. We break down The Graph, what it is, and why they could be in the top 10 one day. Finally we take a look at Inverse Finance, potentially to be added to the Yearn Finance pool of protocols. What's the origin story of Inverse Finance and we determine whether you should keep an eye on it.
When we first started The Block Runner podcast, it was at the very bottom of the most recent bear cycle for Bitcoin. If you listen to the earliest episodes we identify how the $3k price would be the low for this cycle. On today's podcast, we usher in the next stage of Bitcoin breaking the previous all time high and reaching as high as $23,500! We know that 2019 was the year for institutional accumulation and now they're beginning to discuss their investment into the first cryptocurrency. The non-linear regression curve has been a pretty accurate representation as to the trajectory of Bitcoin. Coinbase has filed for an IPO likely tapping into a larger source of funding, coming in at a perfect time at the beginning of this hype cycle. Finally, Microstrategy drops their cash reserves into Bitcoin because the US dollar is a liability.