Rich Rines | Source | Initial Contributor at Core DAO
Rich Rines
Rich Rines, an initial contributor to Core DAO and former lead of Coinbase's money movement engineering. His ventures include Element Wallet and AutoReach. His expertise lies in 0-1 building, growth , and scalability, with a passion for Bitcoin and decentralization. He has helped shape Core’s strategic direction, growing the blockchain to over 5 million users and attracting 50+ developers in less than a year. He's also been instrumental is growing Core to a leading blockchain, the first to offer live BTC staking, attracting institutional partners like Maple Finance, BitGo, Copper, Velour, Hashnote and Hex Trust.
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Core DAO
Initial Contributor
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Laying the Groundwork for a Billion-User Blockchain with Rich Rines, Contributor at Core DAO
In this episode of The Smart Economy Podcast, host Dylan Grabowski is joined by Rich Rines, Contributor at Core DAO, to discuss the mission of Core DAO to onboard the next billion users to the world of blockchain. He highlights the importance of decentralization and the multi-chain thesis in the blockchain space; explains the unique consensus mechanism of Core DAO, called Satoshi Plus, which combines proof of work and proof of stake; and emphasizes the importance of community building in the crypto industry. Podpage: https://bitly.ws/VjFh Player Embed Code: https://bitly.ws/VPEo Apple: https://bitly.ws/VPDZ Spotify: https://bitly.ws/VPs3
Video
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Crypto Funds Surge: Bitcoin's Dual Role as Hedge and Risk Asset
Rich attributes the surge in crypto funds to "regulatory clarity" and demand for Bitcoin as an uninflatable asset. Bitcoin acts as both a hedge and a risk asset, with allocations from equity rotations and fresh capital. Rich predicts strong flows into yield-generating Bitcoin products, as institutions seek sustainable yield while maintaining Bitcoin exposure. -
Bitcoin's Institutional Shift: Beyond Speculation to Real Utility
Rich highlights that institutional adoption brings stable capital inflows, demanding real utility beyond speculation. Institutions leverage Bitcoin as collateral, not just a store of value, preserving exposure while engaging in financial strategies. The next breakthrough is yield-bearing Bitcoin, driving adoption and opening transformative opportunities. "Bitcoin staking offers secure yield," aligning institutions with blockchain solutions that fit custodial practices.
