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The Fierce Debate on Bitcoin’s Future, Bakkt, Crypto and Samourai’s Farewell to Fiat – With Brock Pierce

October 03, 2018

Now entering the Bitcoin Podcast NetworkYeeeeah, Welcome to the Bitcoin PodcastWe ain’t out yetBitcoins, we got ’em, acquire, never sellWe’ll catch us rollin’ deep like AdeleBitcoin, blockchains, cryptocurrenciesThree guys faded talkin BitcoinNo fees

In episode #225 of the Bitcoin Podcast, where “adoption is still the only thing thing thing that matters,” the hosts kick up a fierce debate on the direction of Bitcoin as a store of value versus its potential as everyday money. They also toss around the Holy Grail of adoption: a world without fiat that runs on cryptocurrency.

The episode opens with an announcement about a Bitcoin scam that pimped the line: ‘If you invest in us with 10 BTC, we’ll invest in you.’

After touching on the power and promise of the upcoming crypto exchange Bakkt, they debate the latest move by Samourai, which bills itself as “the most private and anonymous Bitcoin wallet.”

Samourai recently made a bold decision to remove “the crutch” of fiat currency.

With its latest 0.98.87 wallet release, users will now see their balances denominated only in Bitcoin’s smallest unit – known as ‘satoshis’. Dropping fiat is their way of drawing the line on where and how the old monetary system ends and the new digital economy begins.

According to the Samourai blog post, fiat has no place in the Bitcoin network.

They write,

The episode closes on an interview with crypto entrepreneur and chairman of the Bitcoin Foundation Brock Pierce, live from Puerto Rico.

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