Episode Details

Blockchain DXB & Society X - LinkedIn Live @ 10:00 AM GSTHosts:

• Markose Chentittha
• RA George

In this episode, we have an unfiltered chat covering weekly developments in the world of Crypto, Blockchain, and AI. The discussion ranges from Bitcoin’s open interest rates to the controversial distributional consequences of Bitcoin, new integrations with Chainlink and SWIFT, market trends, stablecoin volumes, RAK DAO registration, and significant international stories.

What is Bitcoin's Open Interest?
Bitcoin's open interest refers to the total number of outstanding Bitcoin futures or options contracts, representing the level of market activity and investment in Bitcoin derivatives.

• Bitcoin Open Interest: $40B
• Ethereum Open Interest: Check updates on Coinalyze - Bitcoin & Coinalyze - Ethereum

1. Controversial Paper by the ECB
"The Distributional Consequences of Bitcoin"

• Challenges the original promise by Nakamoto (2008) on Bitcoin's utility as a global payment system.
• Discussion on whether Bitcoin has redistributed wealth from 1st World to 3rd World countries or simply benefited early adopters.
• Roger Ver's thoughts on hijacking Bitcoin, Nakamoto's vision, and its implications.

2. "Unique Implementation of Permanent Primary Deficits?" by Amol Amol and Erzo G.J. Luttmer

• Analysis of whether governments can maintain stable fiscal policy with persistent budget deficits in a world with Bitcoin.
• Suggestions include taxing Bitcoin transactions as an alternative to outright bans.

• Bitcoin Open Interest: $40B, an all-time high.
• Questions around market manipulation by whales and institutional traders.
• Volume shifts in DEX markets:

Chainlink + SWIFT Integration

• New integration with privacy-focused features.
• AI consensus integration with DECO Sandbox and zero-knowledge proofs (ZKPs).
• Potential game-changer for institutional blockchain adoption.

RAK DAO Registration Requirements

• Essential requirements:

  • Founding Members (minimum 2), Council Members (2-10)
  • Overseas DAOs can register using a local agent.
  • Supporting documents include a business plan, whitepaper, and tokenomics.
  • Important: Privacy coins are banned in the UAE, along with non-Sharia-compliant tokens.

• RAK DAO Conference: More Information

• Nigeria: The release of Tigran Gambaryan, involving controversial international issues.
• Canada: The case involving Ryan James Wedding, Olympic snowboarder charged with cocaine trafficking linked to Tether (USDT).
• Netflix Docuseries covering the legal saga.

• Anticipation around potential partnership announcements.

• Society X/Oort Foundation updates.
• Blockchain DXB Podcast highlights three episodes on The Race Space Podcast.

• Bitcoin Open Interest - Coinglass
• Bitcoin Open Interest - Coinalyze

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