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action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home4/scienrds/scienceandnerds/wp-includes/functions.php on line 6114Source:https:\/\/techcrunch.com\/2022\/07\/21\/former-bitcoin-maximalist-dan-held-sees-a-future-for-bitcoin-defi-as-he-takes-on-role-building-out-the-ecosystem\/<\/a><\/br> As the crypto markets continue to tumble, a major industry player\u2019s beliefs are also taking a turn as he shifts from being a \u201cBitcoin maximalist\u201d to what he calls a \u201cBitcoin rationalist.\u201d The reason for this change seems to be that he sees a future for the coin in decentralized finance (DeFi).<\/p>\n Long-time Bitcoin backer<\/a> Dan Held exclusively told TechCrunch he has stepped down from his role as director of growth at crypto exchange\u00a0Kraken<\/a>. He will be taking an active role building DeFi products on top of Bitcoin, starting with a marketing partner role at Bitcoin-focused ecosystem and platform, Trust Machines. A source familiar with the matter also said Held is expected to take on a brand ambassador role at Kraken.<\/p>\n \u201cBitcoin is what I care about. Nothing changed there,\u201d said Held, who has been in the space for over ten years. In his view, the stakes are rising for Bitcoin as the narrative in the crypto industry shifts towards decentralized finance (DeFi) from centralized finance (CeFi), and as market participants \u201cfind more meaning building on top of DeFi.\u201d<\/p>\n The crypto industry, and Bitcoin, is at an inflection point, he said. \u201cI think there\u2019s going to be this renaissance in the Bitcoin DeFi world. Right now, DeFi is not synonymous with Bitcoin, and most people think those two words don\u2019t really go together.\u201d<\/p>\n \n\t\t\tI don\u2019t think it\u2019s going to be a single chain world. It\u2019s going to be a multi-chain world.\t\t\t\t\t\t\tDan Held, marketing partner, Trust Machines<\/cite>\n\t\t\t\t\t<\/p><\/blockquote><\/div>\n DeFi has long been the playground for alternatives to Bitcoin that maximalists have largely written off, like Ethereum. Bringing DeFi concepts to Bitcoin may be viewed by some as heresy, although there may be a needle to thread to bring the popular area of crypto development back to its original chain.<\/p>\n If Bitcoin is to succeed in the long term as the ur-chain, it will need as much developer attention as possible, which makes bringing DeFi, and its legions of programmers, a way to bolster the blockchain\u2019s market position.<\/p>\n Popular (former and current) Bitcoin maximalists like Nic Carter<\/a>, Pete Rizzo<\/a> and Alex Gladstein<\/a> have also adopted more moderate stances to open up discussion of other use cases across the crypto industry, whether that be building Ethereum infrastructure, finding utility in stablecoins, or something else. (Rizzo objected to our calling him a former bitcoin maximalist on Twitter after publication.)<\/p>\n \u201cThis has been brewing for a while,\u201d Held said. \u201cA large group in the Bitcoin [maximalist] space is moderate leaning.\u201d<\/p>\n<\/p><\/div>\n <\/br><\/br><\/br><\/p>\n
\nFormer \u2018Bitcoin maximalist\u2019 Dan Held sees a future in DeFi for the digital asset<\/br>
\n2023-01-20 22:26:31<\/br><\/p>\n