Powering the Complete BTCfi Ecosystem, with Rich Rines (CoreDAO)
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Powering the Complete BTCfi Ecosystem, with Rich Rines (CoreDAO)
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Rich Rines is a Initial Contributor at Core DAO (https://www.coredao.org), the first proof-of-stake (PoS) layer for Bitcoin, pioneering self-custodial Bitcoin staking and hosting the largest Bitcoin DeFi ecosystem. In this episode, Rich shares his journey from re-discovering Bitcoin in 2013, captivated by its potential as a non-sovereign store of value, to becoming a key figure in Core DAO’s mission to bridge Bitcoin’s security with DeFi innovation. He dives into how Core DAO’s layer-1 revolutionary infrastructure leverages the complementary qualities of proof-of-stake (PoS) alongside proof-of-work (PoW), and discusses his prior experience leading money movement engineering at Coinbase. He provides insights into how Core DAO’s Satoshi Plus consensus mechanism integrates Bitcoin miners and non-custodial Bitcoin staking to unlock Bitcoin’s potential for DeFi applications. He also addresses navigating technical challenges, his vision for user-friendly decentralized solutions, and driving global adoption to make Bitcoin-powered Web3 accessible to all, no matter where they are.