Bitcoin‘s evolution from a payment system to a store of value is now advancing into a new phase, where its underlying technology is gaining broader recognition and application. This shift was recently discussed by Roundtable anchor Rob Nelson and Custodia Bank CEO Caitlin Long, who explored the next frontier for Bitcoin.
Long noted that Bitcoin’s technology is already being adapted to support decentralized social media platforms like Nostr, which could play a critical role in the emerging era of the internet. “You own your identity. No one can take it from you, and it’s secured by a private key,” she explained, drawing parallels between the concepts of owning digital assets and owning personal data.
Nelson highlighted the creative potential of blockchain technology, emphasizing its uses beyond payments. “Part of that technology is what you can do creatively on the chain, not just with payments, but with content, with owning data,” he said.
Long also pointed out the growing importance of these platforms in combating challenges such as AI and deepfakes. “We’re going to be cryptographically signing the real messages so that people know it came from us,” she explained, underscoring the need for verifiable authenticity in the digital age.
As the demand for proving authenticity online increases, Long stressed the importance of embracing blockchain technology. “Bitcoin is ultimately the same technology that’s going to secure your online identity. And to be honest, this is not radical and it’s not even new,” she remarked. “Data is so cheap, it’s very easy for people to fake it and propagate it in an unlimited way. What’s real and what’s not will ultimately be determined by you signing with a cryptographic private key.”
This transition marks a significant step in Bitcoin’s journey, positioning it not only as a financial tool but as a foundational technology for securing identities in the digital world.
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