Episode
#196 with Dan Held - Who Really Created Bitcoin & Other Crypto Startup Ideas
55:15
Published: Fri Jul 02 2021
Description
Shaan (@ShaanVP) and Sam (@theSamParr) are joined in this episode by serial Bitcoin entrepreneur Dan Held (@DanHeld). They talk about the Genesis block of Bitcoin, who Satoshi Nakamoto might really be, and the controversy around Tether. They end the episode talking about business ideas in the Crypto space and how to make money in the creator economy. --------- * Want to be featured in a future episode? Drop your question/comment/criticism/love here: https://www.mfmpod.com/p/hotline/ * Support the pod by spreading the word, become a referrer here: https://refer.fm/million * Have you joined our private Facebook group yet? Go to https://www.facebook.com/groups/ourfirstmillion and join thousands of other entrepreneurs and founders scheming up ideas. --------- Show notes: * (:47) Intro to Dan Held * (3:01) How Dan got his first Bitcoin * (4:17) Will the real Satoshi please stand up * (9:31) Dan's Early Bitcoin days * (15:00) Ideas for the Bitcoin & Crypto space * (21:35) A new kind of private wealth manager * (24:43) The controversy around Tether * (31:28) Bitcoin security and multi-signature wallets * (36:31) Growth hacks to build your audience * (40:41) Monetizing in the creator economy * (46:44) Laser eyes and memes
Chapters
Join the hosts as they welcome special guest, Dan Held from the Bitcoin space, and discuss his perspectives on the rise of Bitcoin and the future of cryptocurrency.
00:00 - 01:17 (01:17)
Summary
Join the hosts as they welcome special guest, Dan Held from the Bitcoin space, and discuss his perspectives on the rise of Bitcoin and the future of cryptocurrency.
Episode#196 with Dan Held - Who Really Created Bitcoin & Other Crypto Startup Ideas
PodcastMy First Million
The discussion covers how the origins of cybercrime can seem like a movie plot, and the importance of personal branding in today's society.
01:17 - 08:40 (07:23)
Summary
The discussion covers how the origins of cybercrime can seem like a movie plot, and the importance of personal branding in today's society.
Episode#196 with Dan Held - Who Really Created Bitcoin & Other Crypto Startup Ideas
PodcastMy First Million
In this episode, the evolution of the Bitcoin community is discussed, from the early days of true believers to its current state.
08:41 - 12:14 (03:33)
Summary
In this episode, the evolution of the Bitcoin community is discussed, from the early days of true believers to its current state. The unique nature of Bitcoin as a breakthrough technology that cannot be designed by committee is also explored.
Episode#196 with Dan Held - Who Really Created Bitcoin & Other Crypto Startup Ideas
PodcastMy First Million
The speaker discovered the importance of solving a problem for the customer when he realized the need for a real-time market data app for Bitcoin.
12:14 - 15:37 (03:23)
Summary
The speaker discovered the importance of solving a problem for the customer when he realized the need for a real-time market data app for Bitcoin.
Episode#196 with Dan Held - Who Really Created Bitcoin & Other Crypto Startup Ideas
PodcastMy First Million
A current crypto billionaire may find it difficult to work with family offices who take a management fee of all holdings, particularly if they self-custody their coins.
15:37 - 18:34 (02:56)
Summary
A current crypto billionaire may find it difficult to work with family offices who take a management fee of all holdings, particularly if they self-custody their coins. There is a lot of complexity in the world of DeFi and smart contracts, making it challenging for family offices to manage crypto portfolios effectively.
Episode#196 with Dan Held - Who Really Created Bitcoin & Other Crypto Startup Ideas
PodcastMy First Million
Building a business in the crypto industry can be challenging due to the high volatility and fluctuation of market conditions.
18:34 - 23:36 (05:02)
Summary
Building a business in the crypto industry can be challenging due to the high volatility and fluctuation of market conditions. Many people assume that successful crypto entrepreneurs have invested large sums of money at a low cost basis, but this is not always the case.
Episode#196 with Dan Held - Who Really Created Bitcoin & Other Crypto Startup Ideas
PodcastMy First Million
The use of centralized stablecoins such as USDT and USDC bring the possibility of classic run on the bank situations where customers could not redeem their stablecoins.
23:36 - 28:07 (04:31)
Summary
The use of centralized stablecoins such as USDT and USDC bring the possibility of classic run on the bank situations where customers could not redeem their stablecoins.
Episode#196 with Dan Held - Who Really Created Bitcoin & Other Crypto Startup Ideas
PodcastMy First Million
The need for trust in the crypto world is antithetical to its purpose, but a simplistic, mobile experience for wallets in the crypto world is still underappreciated as the fear of dishonesty remains prevalent.
28:07 - 32:23 (04:15)
Summary
The need for trust in the crypto world is antithetical to its purpose, but a simplistic, mobile experience for wallets in the crypto world is still underappreciated as the fear of dishonesty remains prevalent. A University of Texas research report that claims correlation equates to causation is considered absurd by the host.
Episode#196 with Dan Held - Who Really Created Bitcoin & Other Crypto Startup Ideas
PodcastMy First Million
The speaker discusses his thoughts on Bitcoin security and inheritance, as well as the growing importance of personal branding in the creator economy.
32:23 - 38:46 (06:23)
Summary
The speaker discusses his thoughts on Bitcoin security and inheritance, as well as the growing importance of personal branding in the creator economy.
Episode#196 with Dan Held - Who Really Created Bitcoin & Other Crypto Startup Ideas
PodcastMy First Million
The speaker talks about building a personal brand in the crypto niche, citing examples of how to tweet and how to build up a YouTube channel, and answering the question on the potential earnings of an individual creator in the niche.
38:46 - 44:30 (05:43)
Summary
The speaker talks about building a personal brand in the crypto niche, citing examples of how to tweet and how to build up a YouTube channel, and answering the question on the potential earnings of an individual creator in the niche.
Episode#196 with Dan Held - Who Really Created Bitcoin & Other Crypto Startup Ideas
PodcastMy First Million
Memes have become an essential tool for digital communication and social media platforms.
44:30 - 51:48 (07:18)
Summary
Memes have become an essential tool for digital communication and social media platforms. They can impact people's opinion and can even be a deciding factor in an election.
Episode#196 with Dan Held - Who Really Created Bitcoin & Other Crypto Startup Ideas
PodcastMy First Million
In the world of social media, attention is the most valuable currency.
51:48 - 55:04 (03:15)
Summary
In the world of social media, attention is the most valuable currency. While Twitter's super follows subscription feature is a step in the right direction, platforms like YouTube and Twitch have captured way more value than the creators themselves.