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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