Episodes

  • “What’s the end game? It is honestly to do less harm. Bitcoin doesn’t actually need politicians to make it succeed, it will succeed on its own merits; what would be helpful is to not have people actively attacking it and elongating the inevitable collapse of their own currencies, but also rise of Bitcoin as a global reserve currency.”
    — Will Cole

    Will Cole is Chief Product Officer at Unchained Capital. In this interview, we discuss Texas and Austin as ideological centres for Bitcoin, the undervalued importance of state sovereignty in the US, CBDCs being the greatest disaster for liberty and personal freedom, and toxicity on Twitter.

    - - - -

    Something is happening in Texas. It has always had an independent streak, rooted in its rich history. The state was born of revolution, and it was initially a republic in the mid 19th century before the Mexican-American War. That thirst for freedom is hard-wired into the Texan psyche. Now it is a beacon to Americans from other states seeking increasingly elusive sovereignty.

    It is therefore not surprising then that Bitcoin has been adopted and fostered in Texas.

    From very early in it’s history, a strong community of maximalists united and sought to safeguard Bitcoin in this part of the US. That effort is now starting to pay off. The strong affinity for Bitcoin by Texans has evolved such that the state is fast becoming the centre of groundbreaking efforts to integrate Bitcoin and energy grids.

    The state is arguably spearheading a new adoption wave within the US that includes serious politicians. Could Texas take the next step and create the conditions to orange pill a nation?

    Those Bitcoiners in the state aren’t waiting to find out. They’re moving at pace to help Texas and other states continue the outreach, policy drafting and technical buildout to realise the benefits of what is a keenly American innovation. They’re also keenly focused on the attack vectors on the horizon, be it CBDCs or divisions within the community.

    This episode’s sponsors:
    Gemini - Buy Bitcoin instantly
    BlockFi - The future of Bitcoin financial services
    Sportsbet.io - Online sportsbook & casino that accepts Bitcoin
    Casa - The leading provider of Bitcoin multisig key security.
    Ledger - State of the art Bitcoin hardware wallet
    Compass Mining - Bitcoin mining & hosting
    LVL - Bank on Bitcoin
    BCB Group - Global digital financial Services


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    WBD502 - Show Notes

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    If you enjoy The What Bitcoin Did Podcast you can help support the show by doing the following:

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  • “The idea is that fix the money fix the world, the thing that’s often said, and that most of our problems in the world come from bad money. And I think my point is that malevolence in man is something that is so core to the human condition that fixing the money isn’t going to actually magically fix all these problems.”
    — Rob Hamilton

    Rob Hamilton is a programmer and data scientist. In this interview, we discuss the risks associated with a transition to hyperbitcoinisation, the limits to what Bitcoin fixes, the issues of a libertarian world run on a Bitcoin standard, the benefits to the energy grid, and Bitcoin’s eternal September.

    - - - -

    Hyperbitcoinization, the adoption of Bitcoin as global money, was once a theoretical pipe dream that all but the most hardened Bitcoiners thought would be an impossibility. But we have witnessed a number of unprecedented events in recent years that mean impossible scenarios have now shifted into the realm of the possible.

    Does this create a new foundation for conversations regarding hyperbitcoinization? The abstract idea of hyperbitcoinization has been enthusiastically supported: it is a fresh new idea that provides hope for a better world. But where such discussions could afford to be utopian a few years ago, do discussions now need to mature as a Bitcoin standard becomes more real?

    Are there limits to what Bitcoin can fix? Further, does hyperbitcoinization create new issues? Would we be replacing one elite for another? And, if this new world is shaped by a libertarian ideology, who will determine how to organise consensus, solve problems and resolve conflict? The reality of what may be possible certainly requires more sober consideration.

    The flip side is that the tremendous benefits that Bitcoin has to offer could actually be realised. A better world may be within our reach. The excitement for proponents is that Bitcoin’s potential is more than just as a new currency; it has second-order effects such as its use as a payments rail and arguably more importantly, as a catalyst for a stronger and more sustainable energy grid.

    And all the time, there are new users of Bitcoin who are seeing in it both novel opportunities, and also new risks to be mitigated. Wider adoption, therefore, means that what hyperbitcoinization will become is always evolving. The discussions on what this means have only just begun.

    This episode’s sponsors:
    Gemini - Buy Bitcoin instantly
    BlockFi - The future of Bitcoin financial services
    Sportsbet.io - Online sportsbook & casino that accepts Bitcoin
    Casa - The leading provider of Bitcoin multisig key security.
    Ledger - State of the art Bitcoin hardware wallet
    Compass Mining - Bitcoin mining & hosting
    LVL - Bank on Bitcoin
    BCB Group - Global digital financial Services


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    WBD501 - Show Notes

    -----

    If you enjoy The What Bitcoin Did Podcast you can help support the show by doing the following:

    Become a Patron and get access to shows early or help contribute

    Make a tip:
    Bitcoin: 3FiC6w7eb3dkcaNHMAnj39ANTAkv8Ufi2S
    QR Codes: Bitcoin
    If you do send a tip then please email me so that I can say thank you

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  • “Human rights don’t come easily, they actually have to be fought for; fought for with encryption, fought for with principled individuals, fought for with giving people other alternatives, and the best alternative is economic sovereignty.”
    — Austin Hill

    Jeff Booth is an Entrepreneur and Author of ‘The Price of Tomorrow’ and Austin Hill is a cypherpunk & former Blockstream CEO. In this interview, we discuss the unique sense of hope in El Salvador, the loss of freedom, Bitcoin as objective truth and hope, Elon Musk and Twitter.

    - - - -

    Show 500!!!

    What a ride it's been since I recorded my first show in November 2017. I'm so grateful to all the listeners, particularly those who send their support. Thanks to all the fascinating people I've had the privilege to interview: so many great stories, opinions, and advice. Thanks to my amazing sponsors - you enable my team to make what we think is the best show in the market.

    And finally, big up to the team, roll on the next 500!

    This show is as good as it gets in terms of guests and subject matter. Two major figures within the industry who I'm now lucky enough to call friends. And I hope you enjoy listening to them as much as I did. They're as excited about Bitcoin's opportunities as they've ever been.

    We speak about their recent visit to El Salvador and the unique and inspiring mood of hope within the country. The media are still dubious about Bukele's Bitcoin reforms, and the government is dealing with tough domestic and international challenges. However, it is infectious to hear how inspired two seasoned entrepreneurs are by what they witnessed in the country.

    Jeff and Austin also talk about the societal issues that Bitcoin is perhaps uniquely placed to mitigate: threats to freedom, not just from authoritarian governments but also from traditionally liberal establishments; pervasive misinformation directed at citizens; and rapid technological changes that will upend society.

    This is why Jeff and Austin are bullish that UX improvements have the potential to onboard hundreds of millions more to Bitcoin.

    This episode’s sponsors:
    Gemini - Buy Bitcoin instantly
    BlockFi - The future of Bitcoin financial services
    Sportsbet.io - Online sportsbook & casino that accepts Bitcoin
    Casa - The leading provider of Bitcoin multisig key security.
    Ledger - State of the art Bitcoin hardware wallet
    Compass Mining - Bitcoin mining & hosting
    LVL - Bank on Bitcoin
    BCB Group - Global digital financial Services


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    WBD500 - Show Notes

    -----

    If you enjoy The What Bitcoin Did Podcast you can help support the show by doing the following:

    Become a Patron and get access to shows early or help contribute

    Make a tip:
    Bitcoin: 3FiC6w7eb3dkcaNHMAnj39ANTAkv8Ufi2S
    QR Codes: Bitcoin
    If you do send a tip then please email me so that I can say thank you

    Subscribe on iTunes | Spotify | Stitcher | SoundCloud | YouTube | Deezer | TuneIn | RSS Feed

    Leave a review on iTunes

    Share the show and episodes with your friends and family

    Subscribe to the newsletter on my website

    Follow me on Twitter Personal | Twitter Podcast | Instagram | Medium | YouTube

    If you are interested in sponsoring the show, you can read more about that here or please feel free to drop me an email to discuss options.

  • “I don’t understand the moral position of absolute freedom, and the reason is because, when I hear people talk about it, it’s very obvious to me that absolutely everybody knows that there are limits to freedom, so absolute freedom is not something that anybody believes in.”
    — Junseth

    Junseth is a OG bitcoiner and the former co-host of Bitcoin Uncensored. In this interview, we discuss government being the logical extent of libertarianism, the evolution of news media, falling for conspiracies, admitting when you’re wrong, opinion versus fact, and the return of Trump.

    - - - -

    Our lives are full of examples of infective institutions, inefficient governance, waste, want, and an eagerness to wage war. It is hard to argue in defence of the state. Yet, any popular movements against the actions of the state are ignored. In these times, libertarian arguments are powerful and persuasive: the state, shielded by coercion, is ineffective so we need to tear it down.

    However, we don’t need to be fans of the state to be worried about the alternatives. In a world of 8 billion people, with increasing complexity, specialisation, and disagreement, is it rational to think that we can organise ourselves into voluntary and agreeable groups? History lacks examples of such structures working to support advanced functioning societies.

    So, why are we so ready to accept at face value vague promises that a better world can be achieved through radical means? Is it that uncertainty and nuance aren’t rewarded by today’s click-bait driven media? Like moths to a light, are we all drawn towards more exciting, adventurous, and confident narratives built on conspiracy and anarchy?

    In a small way, podcasting is an attempt to provide airtime for the truth. Whilst it’s true that those who take extreme positions can build strong audiences, the biggest audiences are drawn to the more honest explorations of subjects. Despite attacks from MSM, the popularity of Joe Rogan shows there is a huge demand for authentic and reasoned debate. People want the truth.

    The question is, as MSM becomes increasingly unwilling to provide such a service, are we going to have to rely on a community of independent content creators to meet this demand?

    This episode’s sponsors:
    Gemini - Buy Bitcoin instantly
    BlockFi - The future of Bitcoin financial services
    Sportsbet.io - Online sportsbook & casino that accepts Bitcoin
    Casa - The leading provider of Bitcoin multisig key security.
    Ledger - State of the art Bitcoin hardware wallet
    Compass Mining - Bitcoin mining & hosting
    LVL - Bank on Bitcoin
    BCB Group - Global digital financial Services


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    WBD499 - Show Notes

    -----

    If you enjoy The What Bitcoin Did Podcast you can help support the show by doing the following:

    Become a Patron and get access to shows early or help contribute

    Make a tip:
    Bitcoin: 3FiC6w7eb3dkcaNHMAnj39ANTAkv8Ufi2S
    QR Codes: Bitcoin
    If you do send a tip then please email me so that I can say thank you

    Subscribe on iTunes | Spotify | Stitcher | SoundCloud | YouTube | Deezer | TuneIn | RSS Feed

    Leave a review on iTunes

    Share the show and episodes with your friends and family

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    Follow me on Twitter Personal | Twitter Podcast | Instagram | Medium | YouTube

    If you are interested in sponsoring the show, you can read more about that here or please feel free to drop me an email to discuss options.

  • “The short of it is that I was involved in an online cult, I think it’s fair to call it that way…. and it’s not like I lived in a commune, but it was really involved. And a lot of my friends were involved with that too. And it was very, toxic and confusing. And it took me a long time to figure out what was going on and leave.”
    — Tuur Demeester

    Tuur Demeester is a Bitcoin investor and economist. In this interview, we discuss how he was drawn into a toxic online cult, his awakening and leaving, Twitter enabling cultist behaviours within Bitcoin and why it’s key to give air to all voices within Bitcoin.

    - - - -

    Wisdom is developed through experience: an individual's interaction with other people and events, and their personal reflections on the outcomes, enhance understanding of both the self and the world. Knowledge isn’t endowed genetically, and education provides limited direction. Perspective on exposure to our environment is what drives tangible learning and growth.

    People can easily find themselves developing beliefs, and engaging in actions, with the benefit of hindsight they later deem antithetical to an evolved worldview. Submission to a cult, that is adherence to common belief systems and behaviours advocated by a charismatic leader, is an extreme example of this.

    People will largely dismiss the idea that they could be susceptible to becoming a cultist. And yet, even the most infamous cults are full of highly educated, principled, and engaging people. People who have then made life decisions that are hard to objectively comprehend. The truth is that we’re all susceptible.

    Commonly cults are cast as people in white robes; collectives holed up in fortified buildings; empty-eyed automatons following a messianic figure. But cults are less obvious and more pervasive than we’d imagine. Today, with easy access to powerful and toxic social media tools, building and energising and channelling an audience is available to anyone with a voice.

    It’s never been easier to develop a cult.

    So, where are the dividing lines? What’s the difference between impassioned rhetoric and dangerous invective? Should we try and conduct reasoned debate using tools that are structurally deficient for such tasks? How open can we be to divergent opinions in a world full of noise and pressure? Could we sleepwalk into a cult, or worse, become a corrupted cult leader?

    This episode’s sponsors:
    Gemini - Buy Bitcoin instantly
    BlockFi - The future of Bitcoin financial services
    Sportsbet.io - Online sportsbook & casino that accepts Bitcoin
    Casa - The leading provider of Bitcoin multisig key security.
    Ledger - State of the art Bitcoin hardware wallet
    Compass Mining - Bitcoin mining & hosting
    LVL - Bank on Bitcoin
    BCB Group - Global digital financial Services


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    WBD498 - Show Notes

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    If you enjoy The What Bitcoin Did Podcast you can help support the show by doing the following:

    Become a Patron and get access to shows early or help contribute

    Make a tip:
    Bitcoin: 3FiC6w7eb3dkcaNHMAnj39ANTAkv8Ufi2S
    QR Codes: Bitcoin
    If you do send a tip then please email me so that I can say thank you

    Subscribe on iTunes | Spotify | Stitcher | SoundCloud | YouTube | Deezer | TuneIn | RSS Feed

    Leave a review on iTunes

    Share the show and episodes with your friends and family

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    If you are interested in sponsoring the show, you can read more about that here or please feel free to drop me an email to discuss options.

  • “There are certainly genuinely evil people who do not hesitate to sacrifice entire nations to further and maintain their hold on power, and that to have some kind of civil discussion about this is so missing the mark, it’s not even funny.”
    — Michael Malice

    Michael Malice is an anarchist, author, and podcaster. In this interview, we discuss declining versus flourishing US cities, transitioning away from the state, Ukraine and Putin, conspiracies to cancel, challenges to free speech, and the enfeeblement of the media and education system.

    - - - -

    Anarchism has quickly evolved from being an extreme ideology, which was at best a interesting thought experiment, to a political vision whose merits are being given increasingly serious consideration. Even those who believe in the power of collectivism are questioning the effectiveness of our current institutions.

    But with power comes responsibility. Do anarchists truly believe that tearing down the state and its associated power structures will result in a better world? Or is there a more nuanced and pragmatic approach? Is retention of some collective organisation desirable? Would decreased centralization and dominance of the state be a sufficient victory for anarchists?

    Whatever the end state envisioned by advocates of scholars such as Bakunin, Goldman, Berkman and Rothbard, there are plenty of power structures that anarchists believe require radical reconstruction. Mainstream media, universities, schools, and rent seeking businesses: they are all targets.

    Even if some anarchists are changing to think that a better and fairer world does not mean starting again from the ground up, don’t think that their objective is anything short of an extensive reordering of society.

    This episode’s sponsors:
    Gemini - Buy Bitcoin instantly
    BlockFi - The future of Bitcoin financial services
    Sportsbet.io - Online sportsbook & casino that accepts Bitcoin
    Casa - The leading provider of Bitcoin multisig key security.
    Ledger - State of the art Bitcoin hardware wallet
    Compass Mining - Bitcoin mining & hosting
    LVL - Bank on Bitcoin
    BCB Group - Global digital financial Services


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    WBD497 - Show Notes

    -----

    If you enjoy The What Bitcoin Did Podcast you can help support the show by doing the following:

    Become a Patron and get access to shows early or help contribute

    Make a tip:
    Bitcoin: 3FiC6w7eb3dkcaNHMAnj39ANTAkv8Ufi2S
    QR Codes: Bitcoin
    If you do send a tip then please email me so that I can say thank you

    Subscribe on iTunes | Spotify | Stitcher | SoundCloud | YouTube | Deezer | TuneIn | RSS Feed

    Leave a review on iTunes

    Share the show and episodes with your friends and family

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    If you are interested in sponsoring the show, you can read more about that here or please feel free to drop me an email to discuss options.

  • “All of these monetary transitions involve people that could think of the unthinkable. And that could look past how the system currently is and envision: if you just start with a blank sheet of paper, how could it be? What are the alternative kind of timelines we could be under?”
    — Lyn Alden

    Lyn Alden is a macroeconomist and investment strategist. In this interview, we discuss currency crises, the history of money, the properties of good money, and whether Bitcoin can usher in a new era of programmable, commodity money.

    - - - -

    What is money? We are taught to critically question and evaluate the world around us. Yet, most people never query the essence of what is perhaps civilisation’s most important tool. We readily accept the money we have and use it without examining its history, characteristics, or whether it could be improved and changed.

    We are living through extraordinary times. The world around us is in flux: established norms are being upended. Yet, the most extraordinary change is occurring without, arguably, the fanfare it deserves. Money is changing. A viable alternative to fiat currency has taken hold. An open and free, censorship-resistant currency available to anyone with qualities that surpass previous forms of money is carving out its place as the future of money.

    Coins and notes are examples of money we are all familiar with. Yet, shares, property, or in fact, any tradable item are also forms of money. We interact with various forms of money, and implicity utilise their attributes without proper examination. So, what are the qualities and features of money? Why do we use different forms of money? What is money?

    It is only through proper consideration of these questions that the unique and revolutionary properties of Bitcoin become apparent. Bitcoin is much more than just a speculative digital asset. It seeks to be the best money ever invented, combining the benefits of gold, cash, and various contemporary stores of value.

    More importantly, Bitcoin provides new features seeking to protect the individual in the digital age. Bitcoin may be much more than a useful tool, it could be a necessity.

    This episode’s sponsors:
    Gemini - Buy Bitcoin instantly
    BlockFi - The future of Bitcoin financial services
    Sportsbet.io - Online sportsbook & casino that accepts Bitcoin
    Casa - The leading provider of Bitcoin multisig key security.
    Ledger - State of the art Bitcoin hardware wallet
    Compass Mining - Bitcoin mining & hosting
    LVL - Bank on Bitcoin
    BCB Group - Global digital financial Services


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    WBD496 - Show Notes

    -----

    If you enjoy The What Bitcoin Did Podcast you can help support the show by doing the following:

    Become a Patron and get access to shows early or help contribute

    Make a tip:
    Bitcoin: 3FiC6w7eb3dkcaNHMAnj39ANTAkv8Ufi2S
    QR Codes: Bitcoin
    If you do send a tip then please email me so that I can say thank you

    Subscribe on iTunes | Spotify | Stitcher | SoundCloud | YouTube | Deezer | TuneIn | RSS Feed

    Leave a review on iTunes

    Share the show and episodes with your friends and family

    Subscribe to the newsletter on my website

    Follow me on Twitter Personal | Twitter Podcast | Instagram | Medium | YouTube

    If you are interested in sponsoring the show, you can read more about that here or please feel free to drop me an email to discuss options.

  • “We have a lot of things that make me extremely bullish on Bitcoin… did I wish this to happen on the world? Absolutely not, I wish we didn’t need to have Bitcoin because we could trust, but we can’t.”
    — Dan Held

    Dan Held is the Growth Lead at Kraken. In this interview, we discuss the splintering and factionalization of the Bitcoin community, trying to be honest in a toxic environment, update on the Bitcoin supercycle, and Bitcoin application (selling, hodling, lending, and collateralizing).

    - - - -

    Bitcoin is under almost constant attack, but despite significant pressures, efforts to ensure the technology remains truly decentralised and open have been successful, in a large part, thanks to the toxicity within the bitcoin community. But those who have worked at close quarters to the Bitcoin ecosystem have witnessed a rapid evolution and segmentation of beliefs, business proposals, and market for what is still a nascent innovation.

    The original libertarian community that nurtured Bitcoin has been diluted by new groups. Conservatives and progressives have aligned themselves to Bitcoin with their own dogmas. In the wake of the maximalist victory in the Blocksize Wars new divisions have arisen based on divergent ideologies. Can we find a unifying narrative to coalesce these factions?

    Equally, the industry that has developed around the unique monetary and payment characteristics of the technology has resulted in an explosion of new products and features. No longer is Bitcoin merely a static store of value: hodlers can now lend, short, and collateralize their asset. Should we fully embrace the investment opportunities this asset can provide?

    Finally, the cyclical nature of the asset price has continued to evolve. Macro forces, game theory, and geo-political events are potentially aligning to create a supercycle: a new phase of adoption that could propel Bitcoin into becoming a global reserve currency to rival gold. Will those who have prevised such a future be proven right?

    Are we finally about to enter a phase when Bitcoin matures and becomes money for all?

    This episode’s sponsors:
    Gemini - Buy Bitcoin instantly
    BlockFi - The future of Bitcoin financial services
    Sportsbet.io - Online sportsbook & casino that accepts Bitcoin
    Casa - The leading provider of Bitcoin multisig key security.
    Ledger - State of the art Bitcoin hardware wallet
    Compass Mining - Bitcoin mining & hosting
    LVL - Bank on Bitcoin
    BCB Group - Global digital financial Services


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    WBD495 - Show Notes

    -----

    If you enjoy The What Bitcoin Did Podcast you can help support the show by doing the following:

    Become a Patron and get access to shows early or help contribute

    Make a tip:
    Bitcoin: 3FiC6w7eb3dkcaNHMAnj39ANTAkv8Ufi2S
    QR Codes: Bitcoin
    If you do send a tip then please email me so that I can say thank you

    Subscribe on iTunes | Spotify | Stitcher | SoundCloud | YouTube | Deezer | TuneIn | RSS Feed

    Leave a review on iTunes

    Share the show and episodes with your friends and family

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    Follow me on Twitter Personal | Twitter Podcast | Instagram | Medium | YouTube

    If you are interested in sponsoring the show, you can read more about that here or please feel free to drop me an email to discuss options.

  • “The one thing that’s certain is it’s never going away because this is the best accounting technology, which is instrumental to run the world, that has ever been invented. And so the rest of it is just noise to me, it’s going to go up, it’s gonna go down, the daily price fluctuations are meaningless, we just keep building. ”
    — Darin Feinstein

    Darin Feinstein, an early investor in Bitcoin, co-founded Core Scientific, one of the largest Bitcoin mining operations. In this interview, we discuss the revolution of triple-entry accounting, providing 8 billion people property rights and banking, combating FUD, and rapid advances in mining chips.

    - - - -

    Bitcoin is causing tectonic shifts in global financial and political systems that have companies, authorities, and nations reeling. This creates a lot of noise. But, has this resulted in the community easing off on extolling Bitcoin’s principal revolutionary characteristic - the consensus protocol? And, does that open it up to attack?

    Triple entry accounting, the trustless verification of peer to peer transactions, is an innovation that is arguably in the same league as the wheel or printing press. For Bitcoiners, this understanding is implicit; discussions have moved on to other more immediate concerns. However, because we’re still so early there is widespread ignorance of why Bitcoin has such transformative power.

    Has this created a space for those wanting to undermine Bitcoin? The industry has had to contend with FUD since the early days. The constant risk is that those in positions of great power don’t have the necessary knowledge to separate fact from fiction. Is this why there are serious considerations being given at the highest levels to banning proof of work consensus?

    The unavoidable issue is that challenging the status quo is hard. And, the status quo will always exploit weakness. As such, is it possible to have a decentralized community without a centralized voice? Would we fail without the efforts of the likes of the Bitcoin Mining Council and the Bitcoin Policy Institute?

    These questions are becoming increasingly important: the greater the scale of adoption, the more severe the response. China banned Bitcoin because it was a great idea that threatened their top-down ideology. The US benefited from this, but there are still voices who would see a ban on this side of the Pacific. New York is already considering its own ban on mining.

    Our enduring advantage is that we have truth on our side - Bitcoin is the greatest money system invented. Will that be enough?

    This episode’s sponsors:
    Gemini - Buy Bitcoin instantly
    BlockFi - The future of Bitcoin financial services
    Sportsbet.io - Online sportsbook & casino that accepts Bitcoin
    Casa - The leading provider of Bitcoin multisig key security.
    Ledger - State of the art Bitcoin hardware wallet
    Compass Mining - Bitcoin mining & hosting
    LVL - Bank on Bitcoin
    BCB Group - Global digital financial Services


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    WBD494 - Show Notes

    -----

    If you enjoy The What Bitcoin Did Podcast you can help support the show by doing the following:

    Become a Patron and get access to shows early or help contribute

    Make a tip:
    Bitcoin: 3FiC6w7eb3dkcaNHMAnj39ANTAkv8Ufi2S
    QR Codes: Bitcoin
    If you do send a tip then please email me so that I can say thank you

    Subscribe on iTunes | Spotify | Stitcher | SoundCloud | YouTube | Deezer | TuneIn | RSS Feed

    Leave a review on iTunes

    Share the show and episodes with your friends and family

    Subscribe to the newsletter on my website

    Follow me on Twitter Personal | Twitter Podcast | Instagram | Medium | YouTube

    If you are interested in sponsoring the show, you can read more about that here or please feel free to drop me an email to discuss options.

  • “If you have any influence on a situation, and you’re using that influence to prevent or discourage low cost, reliable energy, I think you’re contributing to the life catastrophe that is widespread poverty.”
    — Alex Epstein

    Alex Epstein is a philosopher and author of ‘The Moral Case for Fossil Fuels’ and ‘Fossil Future’. In this interview, we discuss how energy abundance has enabled humans to flourish, whether climate mastery has made us unnaturally safe, and the need for more low-cost reliable energy.

    - - - -

    According to a recent survey for the UN, 64% of people believe that climate change is a global emergency. News reports are dominated by stories of floods, heatwaves, droughts, hurricanes and other events, highlighted as potential signs of a warming world. The implicit assumption is that urgent reductions in the use of fossil fuels are required to minimise the potential impacts.

    But increasingly, a growing collective is questioning these opinions. Exploitation of fossil fuels is linked to civilisations' rapid development in the 250 years since the industrial revolution. Yet, billions still lack access to adequate levels of energy. The concern is alternative energy sources won’t be able to meet current demands, let alone demands that aren’t currently being met.

    Furthermore, there is scepticism regarding climate change projections and forecast impacts on societies. Those who hold such views are labelled as climate change ‘deniers’, a pejorative term meant to imply resistance to science and facts. This is emblematic of how combative and polarised the two sides of the debate have become. Some are now refusing to engage.

    Perhaps, such division is understandable given the stakes. If global warming has the capacity to be an existential threat this century, then delays in curtailing fossil fuels could be catastrophic. Equally, if such warnings turn out to be wrong then we could be constraining the empowerment of billions of people. In our view, this is why we should remain engaged in the debate.

    This episode’s sponsors:
    Gemini - Buy Bitcoin instantly
    BlockFi - The future of Bitcoin financial services
    Sportsbet.io - Online sportsbook & casino that accepts Bitcoin
    Casa - The leading provider of Bitcoin multisig key security.
    Ledger - State of the art Bitcoin hardware wallet
    Compass Mining - Bitcoin mining & hosting
    LVL - Bank on Bitcoin
    BCB Group - Global digital financial Services


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    WBD493 - Show Notes

    -----

    If you enjoy The What Bitcoin Did Podcast you can help support the show by doing the following:

    Become a Patron and get access to shows early or help contribute

    Make a tip:
    Bitcoin: 3FiC6w7eb3dkcaNHMAnj39ANTAkv8Ufi2S
    QR Codes: Bitcoin
    If you do send a tip then please email me so that I can say thank you

    Subscribe on iTunes | Spotify | Stitcher | SoundCloud | YouTube | Deezer | TuneIn | RSS Feed

    Leave a review on iTunes

    Share the show and episodes with your friends and family

    Subscribe to the newsletter on my website

    Follow me on Twitter Personal | Twitter Podcast | Instagram | Medium | YouTube

    If you are interested in sponsoring the show, you can read more about that here or please feel free to drop me an email to discuss options.

  • “You can put on this Bitcoin miner attached to your nuclear facility… and since your Bitcoin mining site can be dialled up and dialled down for how it’s dispatched, you’ve just put a supercharger on your nuclear plant; you can now actually provide flexibility to the grid because you have the ability to ramp your nuke through the Bitcoin mining.”
    — Shaun Connell

    Shaun Connell is Executive VP of Power at Lancium and an energy trading expert focused on incorporating Bitcoin mining into energy transition services. In this interview, we discuss the fundamentals of energy trading, the need to balance energy supply with demand, and the symbiotic relationship between Bitcoin mining, renewables and the energy grid.

    - - - -

    If climate change forecasts are to be believed, the implications for society are profound. Many believe that the sources of energy that enabled our society to thrive and prosper over the past 250 years need to be replaced by alternative types of energy deemed to be more sustainable. Others fear that such a transition risks millennia of civilisational advancement.

    The debate around climate change and energy is therefore highly charged. And yet, there is a significant deficit in our general understanding of how the energy system works.

    Wind and solar are now the cheapest sources of energy, so why aren’t we rapidly progressing to 100% renewable energy grids? If we need to decarbonise the grid, why do wind and solar producers have to curtail energy production? If Bitcoin mining is becoming an increasingly more significant user of energy, why are grid managers increasingly seeking to assimilate it?

    Whatever the reasons for the ignorance of the energy system, and whether or not it has been or will be exploited by special interests, the obvious concern is that it will lead to bad policy being formulated at a critical time. Knowledge is power.

    This episode’s sponsors:
    Gemini - Buy Bitcoin instantly
    BlockFi - The future of Bitcoin financial services
    Sportsbet.io - Online sportsbook & casino that accepts Bitcoin
    Casa - The leading provider of Bitcoin multisig key security.
    Ledger - State of the art Bitcoin hardware wallet
    Compass Mining - Bitcoin mining & hosting
    LVL - Bank on Bitcoin
    BCB Group - Global digital financial Services


    -----

    WBD492 - Show Notes

    -----

    If you enjoy The What Bitcoin Did Podcast you can help support the show by doing the following:

    Become a Patron and get access to shows early or help contribute

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  • “When we say Bitcoin fixes this it’s now so clear, it is the only non-corruptible network… you see it right there on the blockchain, you can check it by your own rules everything. That’s really the only thing we have going for us because everything else is under someone else’s control.”
    — Adam Curry

    Adam Curry is a DJ, internet entrepreneur, and, along with Dave Winer, the creator of podcasting. In this interview, we discuss Texas and guns, how Bitcoin features in world events, food intelligence and smarter education, as well as the origins, ethos, and future of podcasting.

    - - - -

    The ubiquity of podcasts has masked how innovative and ground breaking the technology is. In only 2 decades an idea about using RSS feeds to distribute audio blogs has now arguably become the most effective media channel rivalling both main stream media and increasingly social media.

    It is estimated that more than a third of Americans regularly listen to podcasts. Market forecasts suggest the industry will be worth over $2 billion in the next few years. The relative ease of production, lack of editing constraints, and its long form character, has resulted in an explosion of content.

    At a time when trust is in short supply, clickbait is employed over honest reportage, and toxicity is increasingly infecting discussions, podcasting is providing a desirable alternative for those seeking truth and facts. As a result, podcasting has been important to disseminating knowledge across a range of subjects.

    And yet, there are risks that podcasters could make the same mistakes of other media: audience capture and reliance on centralised distribution channels could undermine the effectiveness of the industry to continue to provide a valuable source of truth.

    Adam Curry had a critical and central role in the genesis of podcastings. Yet, his passion for the medium is as fervent as ever. He’s at the forefront of both Podcasting 2.0 technical developments, whilst also being one of the industry's most industrious contributors. He was orange-pilled via podcasts, now he’s using his knowledge of Bitcoin to strengthen podcasting.

    This episode’s sponsors:
    Gemini - Buy Bitcoin instantly
    BlockFi - The future of Bitcoin financial services
    Sportsbet.io - Online sportsbook & casino that accepts Bitcoin
    Casa - The leading provider of Bitcoin multisig key security.
    Ledger - State of the art Bitcoin hardware wallet
    Compass Mining - Bitcoin mining & hosting
    LVL - Bank on Bitcoin
    BCB Group - Global digital financial Services


    -----

    WBD491 - Show Notes

    -----

    If you enjoy The What Bitcoin Did Podcast you can help support the show by doing the following:

    Become a Patron and get access to shows early or help contribute

    Make a tip:
    Bitcoin: 3FiC6w7eb3dkcaNHMAnj39ANTAkv8Ufi2S
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  • “There are so many opportunities to use freedom technologies to build civil disobedience, to put power into the hands of individuals, and Bitcoin’s a part of that.”
    — Austin Hill

    Austin Hill is a cypherpunk & former Blockstream CEO. In this interview, we discuss the dangers of absolutism within Bitcoin’s community, building consensus in promoting freedom money, and advancing the human condition.

    - - - -

    The development and adoption of Bitcoin is predicated upon a reaction to the manifest failures of current economic and political structures. The associated need to defend Bitcoin from multiple attack vectors resulted in a protective maximalist ideology. The end result is that the current Bitcoin community is dominated by big personalities with firm and unyielding convictions.

    Yet, maintaining an adoption curve mirroring that of the internet means proving the benefits of this innovative technology to everyone: the wider public, companies, and state-level institutions. This will require building consensus: coalescing around positive characteristics of the technology whilst working to ensure divergent opinions don’t overwhelm the debate.

    As Bitcoin enters a more nuanced phase of maturation, a pragmatic approach to furthering its adoption and effective development may be required. Do battle-hardened Bitcoiners now need to become more politically flexible? Is it possible to find agreement with those who hold contradictory views? Is compromise possible whilst protecting Bitcoin’s unique innovation?

    This episode’s sponsors:
    Gemini - Buy Bitcoin instantly
    BlockFi - The future of Bitcoin financial services
    Sportsbet.io - Online sportsbook & casino that accepts Bitcoin
    Casa - The leading provider of Bitcoin multisig key security.
    Ledger - State of the art Bitcoin hardware wallet
    Compass Mining - Bitcoin mining & hosting
    LVL - Bank on Bitcoin
    BCB Group - Global digital financial Services


    -----

    WBD490 - Show Notes

    -----

    If you enjoy The What Bitcoin Did Podcast you can help support the show by doing the following:

    Become a Patron and get access to shows early or help contribute

    Make a tip:
    Bitcoin: 3FiC6w7eb3dkcaNHMAnj39ANTAkv8Ufi2S
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    If you do send a tip then please email me so that I can say thank you

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  • “These ideas of communism and free-market collide, and they’re both communism over time. And that sounds harsh, but it’s a control structure. There is no free market, if there’s a distortion of money, because everything else is on top of that distortion of money.”
    — Jeff Booth

    Jeff Booth is Entrepreneur and Author of ‘The Price of Tomorrow’. In this interview, we discuss the distortion of money, how Bitcoin can herald in a fairer system based on truth and a free market of ideas, and the transition from scarcity to abundance.

    - - - -

    Bitcoin is revolutionary. More than its cryptographic protocol, monetary policy, and decentralised technology, Bitcoin is built on promulgating truth. It is feasible that a new economic paradigm is being built that democratises knowledge and information.

    The old ways of spin, exaggeration, false equivalence, hustle, denial, and outright lies served the fiat system well during the 20th century. Being ‘economical with the truth’ became a necessary tactic of the game, employed by leaders of companies, institutions, and countries alike.

    The corrosive effects of increasingly systematic subterfuge were inevitably going to counter balance any fallacious societal benefits. This has become increasingly clear since the beginning of the new millennium: events and shocks have chipped away at the current economic edifice.

    It’s not that a new system would be beneficial to society, it’s rather a new system is required to enable the major issues of today to be resolved. Can Bitcoin be the basis of this new system?

    This episode’s sponsors:
    Gemini - Buy Bitcoin instantly
    BlockFi - The future of Bitcoin financial services
    Sportsbet.io - Online sportsbook & casino that accepts Bitcoin
    Casa - The leading provider of Bitcoin multisig key security.
    Ledger - State of the art Bitcoin hardware wallet
    Compass Mining - Bitcoin mining & hosting
    LVL - Bank on Bitcoin
    BCB Group - Global digital financial Services


    -----

    WBD489 - Show Notes

    -----

    If you enjoy The What Bitcoin Did Podcast you can help support the show by doing the following:

    Become a Patron and get access to shows early or help contribute

    Make a tip:
    Bitcoin: 3FiC6w7eb3dkcaNHMAnj39ANTAkv8Ufi2S
    QR Codes: Bitcoin
    If you do send a tip then please email me so that I can say thank you

    Subscribe on iTunes | Spotify | Stitcher | SoundCloud | YouTube | Deezer | TuneIn | RSS Feed

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  • “The moral case for Bitcoin is that you don’t have this cesspool of theft, corruption and cronyism that you do with the US dollar. Fiat money is just straight up evil, it is an institution of corruption, of theft, of extracting value from people that can least afford it; and bitcoin is one that’s way fairer.”
    — Jimmy Song

    Jimmy Song is a Bitcoin educator, developer and entrepreneur. In this interview, we discuss Bitcoin’s growing political power, how Lightning has better privacy properties than Monero, why decentralisation is binary, and the moral case for Bitcoin.

    - - - -

    There is plenty to be concerned about in today’s world: economic, social, and political issues are compounding in severity. Solutions from governing elites are in short supply. And there seem to be bad faith actors at every turn. Imagine then a world without Bitcoin.

    But whilst people may thank God (or blind serendipity) for Bitcoin, we also need to be cognizant of, and prepared for, the associated pitfalls and critical examinations.

    A powerful and growing constituency of Bitcoiners, who cut across political divides, is seen as ripe for cultivating by ambitious and power-hungry politicians. How do we distinguish between genuine support for the community and exploitative manoeuvring?

    Further, what about Bitcoin’s fixed monetary policy? In a time of rampant monetary and fiscal stimulus, where inevitable inflationary effects are beginning to bite, Bitcoin’s potential as an unrivalled store of value could see its adoption accelerate.

    Those in the industry contend with these concerns at regular intervals. What is apparent is that Bitcoiners are kept energised by Bitcoin’s most unique utility: its strong moral underpinning. This is one of the attributes that give people faith that Bitcoin can be the basis for a better world.

    This episode’s sponsors:
    Gemini - Buy Bitcoin instantly
    BlockFi - The future of Bitcoin financial services
    Sportsbet.io - Online sportsbook & casino that accepts Bitcoin
    Casa - The leading provider of Bitcoin multisig key security.
    Ledger - State of the art Bitcoin hardware wallet
    Compass Mining - Bitcoin mining & hosting
    LVL - Bank on Bitcoin
    BCB Group - Global digital financial Services


    -----

    WBD488 - Show Notes

    -----

    If you enjoy The What Bitcoin Did Podcast you can help support the show by doing the following:

    Become a Patron and get access to shows early or help contribute

    Make a tip:
    Bitcoin: 3FiC6w7eb3dkcaNHMAnj39ANTAkv8Ufi2S
    QR Codes: Bitcoin
    If you do send a tip then please email me so that I can say thank you

    Subscribe on iTunes | Spotify | Stitcher | SoundCloud | YouTube | Deezer | TuneIn | RSS Feed

    Leave a review on iTunes

    Share the show and episodes with your friends and family

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  • “There’s some pretty big stuff happening behind the scenes. I’m no commodities expert, I’m not in this every day, but I’ve been watching the charts and it’s like, my god, there’s something’s breaking. You see volatility across commodities, equities, credit markets, foreign exchange. I think it’s going to intensify, there’s no happy ending here over the short term.”
    — Dylan LeClair

    Dylan LeClair is a Bitcoin and macro analyst working for Bitcoin Magazine. In this interview, we discuss the playing out of the long term debt cycle, the coming commodity wars, how Bitcoin is a lifeboat, and transitionary investments.

    - - - -

    We are living through unprecedented times, where the old ways of order are expected to crumble. And yet, life seems comfortably familiar. This can lure people into a false sense of confidence that the political, economic, and monetary norms will continue undiminished into the future.

    The same sense gripped German citizens during the 1920s. ‘When Money Dies’ documents how “Financially, for nearly four years, the ultimate cataclysm was always just around the corner. It always arrived, and there was always an even worse one on its way — again, and again, and again.” And we’re seeing the beginnings of such cataclysms affecting the price of living.

    Inflation, shortages of goods, energy price spikes, and currency failures could be mischaracterized as isolated singular events. But are they in fact, signals of a wider connected pattern of seismic shocks as the global economy adjusts to the impact of the long-term debt cycle?

    If Bitcoin is a lifeboat, why isn’t it reflected in the price? Bitcoin is still acting like a risk asset, but for how long?

    This episode’s sponsors:
    Gemini - Buy Bitcoin instantly
    BlockFi - The future of Bitcoin financial services
    Sportsbet.io - Online sportsbook & casino that accepts Bitcoin
    Casa - The leading provider of Bitcoin multisig key security.
    Ledger - State of the art Bitcoin hardware wallet
    Compass Mining - Bitcoin mining & hosting
    LVL - Bank on Bitcoin
    BCB Group - Global digital financial Services


    -----

    WBD487 - Show Notes

    -----

    If you enjoy The What Bitcoin Did Podcast you can help support the show by doing the following:

    Become a Patron and get access to shows early or help contribute

    Make a tip:
    Bitcoin: 3FiC6w7eb3dkcaNHMAnj39ANTAkv8Ufi2S
    QR Codes: Bitcoin
    If you do send a tip then please email me so that I can say thank you

    Subscribe on iTunes | Spotify | Stitcher | SoundCloud | YouTube | Deezer | TuneIn | RSS Feed

    Leave a review on iTunes

    Share the show and episodes with your friends and family

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    Follow me on Twitter Personal | Twitter Podcast | Instagram | Medium | YouTube

    If you are interested in sponsoring the show, you can read more about that here or please feel free to drop me an email to discuss options.

  • “What’s a desperate decision that can actually start a symbolic chain reaction? And then how do I pursue that? How do I do something like an artistic act or a creative object that could be received by an audience as this kind of provocation to initiate some type of chain reaction?”
    — Cody Wilson

    Cody Wilson is the founder and director of Defence Distributed and the face of 3D guns, and Jessica Solce is an acclaimed film-maker currently documenting his story. In this interview, we discuss the intersection of the right to bear arms and the right to freedom of speech.

    - - - -

    The first and second amendments are as symbolic of American identity as the stars and stripes. Yet, despite being bedrocks of the constitution for over 230 years, they are arguably now as fiercely contested as they have ever been.

    Many republicans believe that the right to bear arms is a vital check on state control, and ensures the protection of the first amendment. A strong progressive counter argument contends that gun violence in the US is at epidemic proportions, and controls are required. This debate is becoming more profound due to the effect of technology, particularly the internet.

    Julian Assange laid the foundation for using the decentralized and distributed nature of the internet to bypass the established gatekeepers of information with the aim of democratising its availability. Others quickly followed, including Cody Wilson, who saw the opportunity to provide open access to the digital tools needed to make guns - ‘Wiki weapons’ was born.

    Despite the backlash by government agencies, it is becoming increasingly apparent that governance is unable to keep up with both technology and Cody’s responses to legal constraints.

    This is not a new or isolated phenomenon. But as technology continues to push the boundaries of what power a single person is able to wield, it is stretching the limits of the social contract between the state and individuals. As a result, the forces pushing for individual autonomy and centralized control are becoming harder and harder to reconcile.

    This episode’s sponsors:
    Gemini - Buy Bitcoin instantly
    BlockFi - The future of Bitcoin financial services
    Sportsbet.io - Online sportsbook & casino that accepts Bitcoin
    Casa - The leading provider of Bitcoin multisig key security.
    Ledger - State of the art Bitcoin hardware wallet
    Compass Mining - Bitcoin mining & hosting
    LVL - Bank on Bitcoin
    BCB Group - Global digital financial Services


    -----

    WBD486 - Show Notes

    -----

    If you enjoy The What Bitcoin Did Podcast you can help support the show by doing the following:

    Become a Patron and get access to shows early or help contribute

    Make a tip:
    Bitcoin: 3FiC6w7eb3dkcaNHMAnj39ANTAkv8Ufi2S
    QR Codes: Bitcoin
    If you do send a tip then please email me so that I can say thank you

    Subscribe on iTunes | Spotify | Stitcher | SoundCloud | YouTube | Deezer | TuneIn | RSS Feed

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    Share the show and episodes with your friends and family

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  • “We’ve swung very heavily towards putting bitcoin’s asset on this pedestal, that Bitcoin is this asset that does not compete with anything, but it has these Invincible qualities. And I think that what we might find is that we’ve over-optimised for that.”
    — Pete Rizzo

    Pete Rizzo is the editor of Bitcoin Magazine, and one of the industries leading journalists. In this interview, we discuss the evolving narratives used by Bitcoin maximalists, fundamental questions of who Bitcoin is for and what it will be, and what lies beyond maximalism.

    - - - -

    The rise of Bitcoin, a new form of money, has been unprecedented. In just 13 years, Bitcoin has come from being another manifest innovation derived from ideas around cryptographic security, digital gold, and peer to peer cash, to an asset that is seriously being considered a new global reserve.

    Despite the genius behind Satoshi’s design, this meteoric rise wasn’t inevitable. The nascent currency has had to organically forge a defensive infrastructure to counteract and overcome various attack vectors. This saw the rise of Bitcoin maximalism, a highly effective yet divisive ideology.

    But, just as Bitcoin technology has evolved, so have the narratives that have been used to buttress the maximalist position. Bitcoin was once considered to be the best of a range of different blockchain technologies; now it is viewed as being distinct and unique. Some believe Bitcoin’s rise is invincible, whilst others are scanning for the next inevitable threat.

    Maximalists' stories and beliefs have changed as Bitcoin’s strengths and weaknesses have been realised over time. What does this mean for the future of maximalism? Indeed, do rudimentary questions about Bitcoin's purpose, role, and utility need to be reassessed? Does Bitcoin need a paranoid community to continue to strengthen its defences?

    This episode’s sponsors:
    Gemini - Buy Bitcoin instantly
    BlockFi - The future of Bitcoin financial services
    Sportsbet.io - Online sportsbook & casino that accepts Bitcoin
    Casa - The leading provider of Bitcoin multisig key security.
    Ledger - State of the art Bitcoin hardware wallet
    Compass Mining - Bitcoin mining & hosting
    LVL - Bank on Bitcoin
    BCB Group - Global digital financial Services


    -----

    WBD485 - Show Notes

    -----

    If you enjoy The What Bitcoin Did Podcast you can help support the show by doing the following:

    Become a Patron and get access to shows early or help contribute

    Make a tip:
    Bitcoin: 3FiC6w7eb3dkcaNHMAnj39ANTAkv8Ufi2S
    QR Codes: Bitcoin
    If you do send a tip then please email me so that I can say thank you

    Subscribe on iTunes | Spotify | Stitcher | SoundCloud | YouTube | Deezer | TuneIn | RSS Feed

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  • “What the fuck is society? Is it this group of people? Is it that group of people? It’s a useful fiction – we’re describing a group of people with a fictional term, like society, or collectivist, or communist, or whatever the term is, and you don’t know who’s included and excluded from that group so you can never have clarity of conversation; whereas if you focus on the individual, that’s very clear where the individual starts and ends.”
    — Robert Breedlove

    Robert Breedlove is a philosopher within the Bitcoin space. In this interview, we discuss useful fictions used for collective organisation, slavery as the violation of property rights, Bitcoin changing the logic of violence, and the reality of an anarcho-capitalist world.

    - - - -

    Cooperation across large groups is the basis for the rise and evolution of human civilisation. As the historian Yuval Noah Harari espouses, such cooperation has been enabled through the exploitation of useful fictions (i.e. religion, national identities) by elites throughout time. The rights of the individual were crushed under the weight of the demands and cohesiveness of the group.

    A rebalancing of power between collectives and the individual occurred during the enlightenment. It began with the development of a theory of natural rights, where individuals were determined to deserve access to "life, liberty, and estate (property)". The French and American revolutions in the 18th Century were premised on this belief.

    A modern theory of universal human rights has developed since WW2. And yet, many feel we still have a long way to go before we achieve true liberty for the individual. Even the most open democratic societies work under an implicit social contract, where certain rights are foregone in exchange for political order. Coercion and control are less explicit, but still apparent.

    So, what is the extent of the libertarian ideal? Is it an anarcho (i.e. without a leader) capitalist state? Or, is a hierarchy of power a necessary evil to thwart the chaos of natural law, which Hobbes stated would result in human life being "solitary, poor, nasty, brutish and short"? The problem has been that states throughout history have tended to extend their control.

    Maybe the question isn’t a binary choice between an inevitable creep of state control over anarchy, but a balance that aims to achieve the benefits of both approaches. In such a situation individuals would need the power to ‘dethrone’ the ruler(s) without resorting to violence. Does Bitcoin enable such a balance?

    This episode’s sponsors:
    Gemini - Buy Bitcoin instantly
    BlockFi - The future of Bitcoin financial services
    Sportsbet.io - Online sportsbook & casino that accepts Bitcoin
    Casa - The leading provider of Bitcoin multisig key security.
    Ledger - State of the art Bitcoin hardware wallet
    Compass Mining - Bitcoin mining & hosting
    LVL - Bank on Bitcoin
    BCB Group - Global digital financial Services


    -----

    WBD484 - Show Notes

    -----

    If you enjoy The What Bitcoin Did Podcast you can help support the show by doing the following:

    Become a Patron and get access to shows early or help contribute

    Make a tip:
    Bitcoin: 3FiC6w7eb3dkcaNHMAnj39ANTAkv8Ufi2S
    QR Codes: Bitcoin
    If you do send a tip then please email me so that I can say thank you

    Subscribe on iTunes | Spotify | Stitcher | SoundCloud | YouTube | Deezer | TuneIn | RSS Feed

    Leave a review on iTunes

    Share the show and episodes with your friends and family

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    Follow me on Twitter Personal | Twitter Podcast | Instagram | Medium | YouTube

    If you are interested in sponsoring the show, you can read more about that here or please feel free to drop me an email to discuss options.

  • “If it’s too hard to manage your own keys, which even today it is too hard for people, that we wind up in a world in which just a few global custodians hold all the keys and that’s unlikely to result in the Bitcoin that we know and love and want to see for the world; so it’s very important that a sizable percentage of Bitcoin users are controlling their own keys.”
    — Steve Lee

    Steve Lee is Lead at Spiral, a subsidiary of Block. In this interview, we discuss how Spiral is enabling lightning integration, Block’s aim to create an open Bitcoin mining ecosystem, a vision of zero cost decentralized Bitcoin mining, and inspiring open-source Bitcoin projects.

    - - - -

    The orange pilling of Jack Dorsey was a hugely consequential event, affecting the evolution of his business plans and Bitcoin. Jack and his team believe Bitcoin is the best money, and they want to help it spread. As a result, Block has developed a symbiotic mission: it seeks to nurture Bitcoin, strengthen its development, and enable its wider adoption.

    This is where Spiral comes in. It is a non-profit subsidiary of Block that builds and funds free, open-source projects. Amongst other important enterprises, Spiral has developed the Lightning Development Kit, which enables Lightning integration with Bitcoin wallets.

    Block’s ethos is rooted in an appreciation of how unique this situation is: the creation of a new version of money that is free from centralized control may never be repeated. Protecting and enhancing Bitcoins decentralization and privacy are therefore core objectives.

    That is why, for example, Block is developing a hardware wallet that combines security that doesn’t depend on trusted servers; decentralized user-friendly custody for the masses.

    That is also why Block is planning to develop and make available for sale ASIC chips (with data sheets). Whilst Block is also developing Bitcoin mining rigs, the provision of dedicated chips opens up the whole mining rig industry for innovation and competition.

    These efforts are crucial and enable all of the exciting expansions of Bitcoins utility to continue. This includes Steve Lee’s vision of zero cost decentralized Bitcoin mining. This is surely the most inspiring industry in the world.

    This episode’s sponsors:
    Gemini - Buy Bitcoin instantly
    BlockFi - The future of Bitcoin financial services
    Sportsbet.io - Online sportsbook & casino that accepts Bitcoin
    Casa - The leading provider of Bitcoin multisig key security.
    Ledger - State of the art Bitcoin hardware wallet
    Compass Mining - Bitcoin mining & hosting
    LVL - Bank on Bitcoin
    BCB Group - Global digital financial Services


    -----

    WBD483 - Show Notes

    -----

    If you enjoy The What Bitcoin Did Podcast you can help support the show by doing the following:

    Become a Patron and get access to shows early or help contribute

    Make a tip:
    Bitcoin: 3FiC6w7eb3dkcaNHMAnj39ANTAkv8Ufi2S
    QR Codes: Bitcoin
    If you do send a tip then please email me so that I can say thank you

    Subscribe on iTunes | Spotify | Stitcher | SoundCloud | YouTube | Deezer | TuneIn | RSS Feed

    Leave a review on iTunes

    Share the show and episodes with your friends and family

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    Follow me on Twitter Personal | Twitter Podcast | Instagram | Medium | YouTube

    If you are interested in sponsoring the show, you can read more about that here or please feel free to drop me an email to discuss options.