What Bitcoin Did
Peter McCormack

Against many challenges, Bitcoin, the worlds first true cryptocurrency has survived for over a decade. With What Bitcoin Did, podcast host Peter McCormack talks to experts in the world of Bitcoin. From developers to investors, journalists to Bitcoin company CEOs, you will learn about everything that is happening in the world of Bitcoin.

“The price of freedom is eternal vigilance…’how prevalent is an attack’ is not really an important question, ‘how possible is an attack’ is the important question. When the value is 10x of today or 20x of today what people are willing to spend to attack it also goes up.”— Dhruv MehtaLocation: RemotelyDate: Wednesday 21st JulyProject: Block Digest & Bitcoin CoreRole: Host & DeveloperA core fundamental feature of Bitcoin is decentralisation. Being a distributed and decentralised network, Bitcoin allows anyone to transfer money to anyone else without relying on a third party or intermediary to authorise or facilitate the transaction.For years bitcoiners have fought to keep Bitcoin as decentralised as possible. A segment of the Bitcoin community wanted to increase the block size to allow for more transactions in each block. However, the tradeoff of this proposed change would increase the size of blocks and thus the size of the blockchain, making it harder to run a node on standard hardware.While the debates around decentralisation are generally around the protocol rules, Bitcoin also relies on the Internet, something outside of bitcoiners’ control. Some aspects of the Internet are highly centralised and could potentially be used to attack Bitcoin.So, how significant is this threat? And, what can be done to stop it?In this interview, I talk to Shinobi, the host of Block Digest, and Bitcoin Core Developer Dhruv. We discuss the importance of decentralisation, the protocols that power the internet and how a centralised internet threatens Bitcoin.This episode’s sponsors:Gemini - Buy Bitcoin instantlyBlockFi - The future of Bitcoin financial servicesSportsbet.io - Online sportsbook & casino that accepts BitcoinCasa - The leading

“Lightning is built on top of the main chain, so you are bringing your on-chain privacy with you, although there’s a transactional increase in privacy...if you send a UTXO from Coinbase to fund your channel, Coinbase knows you sent that to fund your channel.”— Carla Kirk-CohenLocation: RemotelyDate: Monday 19th JulyCompany: Blockstream, Lightning LabsRole: Researcher, Infrastructure EngineerThe Bitcoin blockchain is an open public ledger, thus building privacy solutions on-chain is challenging. However, the Lightning network’s design is a massive improvement in privacy as the tradeoffs are different.Lightning removes transactional friction with significant security and privacy assurances today. But what are the potential attack vectors, and how might they be mitigated?In this interview, I talk to researcher Christian Decker and infrastructure engineer Carla Kirk-Cohen. We discuss the current state of privacy on Lightning, potential vulnerabilities and most likely solutions.This episode’s sponsors:Gemini - Buy Bitcoin instantlyBlockFi - The future of Bitcoin financial servicesSportsbet.io - Online sportsbook & casino that accepts BitcoinCasa - The leading provider of Bitcoin multisig key security.Exodus - The world's leading Desktop, Mobile and Hardware crypto wallets.Ledger - State of the art Bitcoin hardware walletRevolut - A better way to handle your money-----

“The reality is that Bitcoin will outcompete every other money going forward...at this point during the monetization process is going to increase 10, 100, 500-fold maybe.”— Dylan LeClairLocation: RemotelyDate: Thursday 15th JulyCompany: Validus Power Corp, Bitcoin MagazineRole: Bitcoin Strategist, Director of Financial Markets & ResearchIn Ray Dalio’s video How the Economic Machine Works, he explains the concept of deleveraging long-term debt cycles. Currently, central bankers have pulled all the levers they can to avoid unwinding the supercycle of global debt, but eventually, something has to give.The final tool that central bankers have to avoid creative destruction is inflation, and it is now a mathematical certainty that a devaluation of fiat currencies is coming. Is the rise of Bitcoin the only logical conclusion to the fiat money system?In this interview, I talk to Bitcoin Strategist Greg Foss and Dylan LeClair from Bitcoin Magazine. We discuss crony capitalism and perpetual bailouts, why debt cycles spell inflation, and how the world will turn to Bitcoin. This episode’s sponsors:Gemini - Buy Bitcoin instantlyBlockFi - The future of Bitcoin financial servicesSportsbet.io - Online sportsbook & casino that accepts BitcoinCasa - The leading provider of Bitcoin multisig key security.Exodus - The world's leading Desktop, Mobile and Hardware crypto wallets.Ledger - State of the art Bitcoin hardware walletRevolut - A better way to handle your money

“Never before have we had a monetary network that all you need is an internet connection and by plugging in and operating on the same standard you’re natively interoperable with everyone else in the world on it.”— Jack MallersLocation: RemotelyDate: Thursday 15th JulyProject: StrikeRole: Role: CEOWith Strike, Jack Mallers is taking on the traditional financial rails and neobanks by facilitating the sending of money anywhere in the world, near-instantly and for free. Strike does this by utilising the largest and best open monetary network of all time, bitcoin. After running a successful pilot campaign in El Salvador, a country that relies heavily on remittances, Jack was instrumental in its groundbreaking bill that made it the first country to adopt bitcoin as legal tender.In a country where a vast proportion of the population operating outside of the banking system, Strike helps build financial inclusion, and they now have their sights set on the rest of the world.In this interview, I talk to Jack Mallers, CEO of Strike. We discuss the Lightning Network as a medium of exchange, the power of open networks, and how the Bitcoin rails change remittance.This episode’s sponsors:Gemini - Buy Bitcoin instantlyBlockFi - The future of Bitcoin financial servicesSportsbet.io - Online sportsbook & casino that accepts BitcoinCasa - The leading provider of Bitcoin multisig key security.Exodus - The world's leading Desktop, Mobile and Hardware crypto wallets.Ledger - State of the art Bitcoin hardware walletRevolut

“If you’re not in control of your keys it’s not your bitcoin...and it’s a little the same with your node; not your node, not your rules…”— RootzollLocation: RemotelyDate: Wednesday 7th JulyProject: RaspiBlitzRole: Role: DevelopersBitcoin operates thanks to a decentralised network of nodes whose job it is to maintain the network rules, known as consensus, and ensure all transactions and blocks are valid by keeping a copy of the entire history of the blockchain.Setting up a Bitcoin & Lightning node can be a daunting task for those that aren't technical, but there are now a number of simple 'plug and play' style nodes like Umbrel, MyNode and Raspiblitz.In this second episode of our Lightning series, I talk to RaspiBlitz developers Openoms and Rootzoll. We discuss the importance of running a node, tradeoffs between custodial and non-custodial wallets and the different node solutions available.This episode’s sponsors:Gemini - Buy Bitcoin instantlyBlockFi - The future of Bitcoin financial servicesSportsbet.io - Online sportsbook & casino that accepts BitcoinCasa - The leading provider of Bitcoin multisig key security.Exodus - The world's leading Desktop, Mobile and Hardware crypto wallets.Ledger - State of the art Bitcoin hardware walletRevolut - A better way to handle your money

“All the stuff that I’m working on is built on the shoulders of giants…I didn’t invent the Lightning Network, when I saw this technology I thought it was just beautiful.”— René PickhardtLocation: RemotelyDate: Thursday 5th JulyProject: aantonop.com & FreelanceRole: Role: Speaker, Author and Educator & Data ScientistThe Lightning Network helps Bitcoin scale. As a layer two solution, Lightning takes transactions off the base chain and allows for near-instant transitions for a small fee.While Lightning Network is growing fast, there is still a learning curve to understand and use the technology. This series will go through everything from how the Lightning Network works, the improved privacy, and why Lightning is vital to Bitcoin’s success.In this interview, I talk to Bitcoin Speaker, Author & Educator Andreas M. Antonopoulos and Lightning Network developer René Pickhardt. We discuss how the Lightning Network works and why scaling off-chain is so essential.This episode’s sponsors:Gemini - Buy Bitcoin instantlyBlockFi - The future of Bitcoin financial servicesSportsbet.io - Online sportsbook & casino that accepts BitcoinCasa - The leading provider of Bitcoin multisig key security.Exodus - The world's leading Desktop, Mobile and Hardware crypto wallets.Ledger - State of the art Bitcoin hardware walletRevolut - A better way to handle your money-----WBD3

“The underpinnings of the dollar are identical to the underpinnings of the Bolivar, it costs zero to produce 3 trillion bolivars, and it costs zero to produce 3 trillion dollars...goods are becoming more expensive because the underlying monetary unit is being debased.”— Parker LewisLocation: RemotelyDate: Tuesday 6th JuneCompany: Unchained CapitalRole: Head of Business DevelopmentWhen people attempt to understand bitcoin, it is easy to get caught up in some of the myths we addressed in Gradually then Suddenly Pt 1 - Killing the FUD. In this Part 2 episode, we go deeper into the principles of monetary economics.Money solves the intersubjective problem of trade and facilitates specialisation in society. Therefore, how we solve these problems can help objectively evaluate the properties of money.The most important property of money is scarcity, and bitcoin, with its fixed supply and monetary properties, reigns king. But from where do these properties derive? And what about other blockchains? How can bitcoin obsolete all other money?In this interview, I talk to Parker Lewis, Head of Business Development at Unchained Capital. We discuss the principles of money, monetary convergence, and why Bitcoin obsoletes all other money.This episode’s sponsors:Gemini - Buy Bitcoin instantlyBlockFi - The future of Bitcoin financial servicesSportsbet.io - Online sportsbook & casino that accepts BitcoinCasa - The leading provider of Bitcoin multisig key security.Exodus - The world's leading Desktop, Mobile and Hardware crypto wallets.

“You don’t want to use the blockchain unless there’s actually some kind of dispute; all cooperative transactions in the world can exist off of the blockchain and there’s no reason to actually use a blockchain for them”— Nadav KohenLocation: RemotelyDate: Friday 25th JuneCompany: SuredbitsRole: Software EngineerBitcoin's proof-of-work blockchain solves a specific problem: achieving consensus of a distributed ledger without a central authority. Out of this decentralised network, new properties emerge like censorship resistance and probabilistic finality.Bitcoin's success led to an explosion of altcoins, with most claiming to improve upon Bitcoin somehow, whether it's speed, privacy or scalability. However, blockchains are a delicate balance of specific tradeoffs, and these altcoins pale in comparison to Bitcoin's decentralisation and censorship resistance. While changing a parameter might seem to add functionality, it can also introduce unintended consequences. To resist influence and attacks, Bitcoin must remain decentralised by allowing for easy validation.Can we achieve sufficient privacy and functionality on the second layer? And why are other consensus methods, like proof-of-stake, flawed?In this interview, I talk to Suredbits software engineer Nadav Kohen. We discuss why blockchains must scale with second layers, proof-of-stake vs proof of work, and tradeoffs of privacy technology.This episode’s sponsors:Gemini - Buy Bitcoin instantlyBlockFi - The future of Bitcoin financial servicesSportsbet.io - Online sportsbook & casino that accepts BitcoinCasa - The leading provider of Bitcoin multisig key security.Exodus - The world's

“The economy will first benefit by every customer having a disposable income increase by 30% and... simultaneously with that extra 30%, there are some who are going to be saving it rather than putting it into the economy and stacking sats.”— Lord Fusitu’aLocation: ZoomDate: Saturday 27th JuneProject: TongaRole: Tongan Politician & Noble of the Realm.Following El Salvador's groundbreaking decision to make bitcoin legal tender, politicians from all over Central & South America, Africa and the Pacific Islands began putting laser eyes in their Twitter bios and publicly endorsing bitcoin. One of these politicians was Lord Fusituʻa, a Tongan politician.Tonga is a small country in the South Pacific. Their economy relies heavily on remittances, most notably from Australia, New Zealand and the United States. With close to 41% of their GDP coming from remittance and fees, sometimes as high as 50%, the Polynesian country would benefit greatly from removing these middle-man fees.After seeing Strike's success in El Salvador and their government's steps to legalise bitcoin, Lord Fusituʻa wants to bring bitcoin to Tonga.In this episode, I talk to Tongan Politician and Noble of the Realm, Lord Fusituʻa. We discuss the history of Tonga, why the country relies so heavily on remittance payments and the steps he is taking to bring Bitcoin to the Tongan people. This episode’s sponsors:Gemini - Buy Bitcoin instantlyBlockFi - The future of Bitcoin financial servicesSportsbet.io - Online sportsbook & casino that accepts BitcoinCasa - The leading provider of Bitcoin multisig key security.Exodus - The world's leading Desktop, Mobile and Hardware crypto wallets.

“Hero worship leads to disappointment, broken hearts, and posters being torn off the wall...everybody is subjected to the same rules on the internet.”— CJ WilsonLocation: RemotelyDate: Friday 25th JuneProject: CJ Wilson Racing, WBD Employee of the MonthRole: Owner and founder, N/ACJ Wilson has led an exciting life. He was a two-time All-star during his decade-long major league baseball career, and he went on to found a professional sports car racing team.Given his understanding of sound money, bitcoin was something he had to pursue to protect his wealth. CJ is a bitcoin maximalist, a term initially coined as a pejorative and now worn as a badge of honour.The culture of toxicity is under constant criticism, with opponents suggesting it pushes people away from Bitcoin, while bitcoiner’s maintain it’s an essential defence against scams and misinformation. Critics claim that maximalism itself is in opposition to liberty, but taking a hard stance is a cornerstone of sovereignty.Is maximalism anti-freedom? Or is it simply the free market’s rallying cry of a monetary revolution?In this interview, I talk to American HODL & MLB all-star and sports car racer CJ Wilson. We discuss CJs sports career, racing fast cars and the role of toxic bitcoin maximalism.This episode’s sponsors:Gemini - Buy Bitcoin instantlyBlockFi - The future of Bitcoin financial servicesSportsbet.io - Online sportsbook & casino that accepts BitcoinCasa - The leading provider of Bitcoin multisig key security.Exodus - The world's leading Desktop, Mobile and Hardware crypto wallets.Ledger

“You need to be able to withstand the fluctuations because one of the biggest dangers of leverage is you get closed out at precisely the wrong time...if you’re short and bitcoin rips up you get closed out.”— Juthica ChouLocation: RemotelyDate: Tuesday 22nd JuneProject: KrakenRole: Head of OTC Options TradingDerivatives are contracts that allow traders to take a position with an asset based on possible outcomes; while they can provide dramatic rewards, they come with risk.Derivative exchanges have been a growing part of the maturing bitcoin ecosystem. However, with the rise of exchanges like FTX and Binance, offering high leverage, there is an increasing lens on these exchanges. Derivative contracts are a valuable tool for experienced traders. With exchanges offering leverage of up to 125x, inexperienced traders can quickly amass significant losses.Whenever bitcoin has a sharp move in either direction, those on the wrong side of the trade often get liquidated. These capitulation events regularly wipe out hundreds of millions or even billions of dollars in positions. Some people suggest that high amounts of leverage are detrimental to the price discovery of bitcoin, but it's clear from the rise of certain exchanges that these are the types of markets traders want. In this interview, I talk to Juthica Chou,  Head of OTC Options Trading at Kraken. We discuss how bitcoin derivatives work, the different types of contracts, and Microstrategy's leverage plays.This episode’s sponsors:Gemini - Buy Bitcoin instantlyBlockFi - The future of Bitcoin financial servicesSportsbet.io - Online sportsbook & casino that accepts BitcoinCasa - The leading provider of Bitcoin mult

“Bitcoin’s now fighting the final boss in the video game, it’s really up against the central bankers, and much earlier than we ever thought...because El Salvador decreed this as legal tender the World Bank by their own charter have to accept bitcoin as payment of debt.”— Willy WooLocation: RemotelyDate: Thursday 24th JuneProject: HypersheetRole: Co-FounderOver the last few weeks, a significant amount of bad news and FUD has circulated bitcoin. Elon Musk publicly questioned the energy mix used by the bitcoin network shortly before the initial drop to ~$30k, and since then, Bitcoin has ranged between $30k and $40k.While other positive news has come to market, such as El Salvador making Bitcoin legal tender, the news cycle has been dominated by bearish narratives, from energy concerns to China, again, banning Bitcoin. During this period, the hash rate has dropped by nearly 50% as miners turn off their machines and move out of China, and the difficulty adjustment, expected around 2nd July, is expected to drop by over 25%.The last month has been turbulent in bitcoin, and the narrative has become cloudy, with bitcoin continually defending the ~$30k mark. Is this the bottom? Or just the start of a longer-term bear market?In this interview, I talk to on-chain analyst and the co-founder of Hypersheet, Willy Woo. We discuss the reliability of on-chain data and TA, miners moving out of China and whether we have entered a bear market.This episode’s sponsors:Gemini - Buy Bitcoin instantlyBlockFi - The future of Bitcoin financial servicesSportsbet.io - Online sportsbook & casino that accepts BitcoinCasa - The leading provider of Bitcoin multisig key security.Exodus

“In a market that’s so held up by quantitative easing and fiscal stimulus, when you start to see these reverse repos and the Fed starts talking about the potential for tapering next year… that certainly gives the market some jitters.”— Lyn AldenLocation: RemotelyDate: Tuesday 22nd JuneProject: lynalden.comRole: MacroeconomistThe new legislation in El Salvador making Bitcoin legal tender is a bold move for the country. As a dollarised nation and with remittance making up 15% of GDP, there are clear benefits in bringing bitcoin and the Lightning Network to the country.A catalyst for this move is the macroeconomic fallout of 2020 which included unprecedented monetary expansion and economic disruption. Today, it seems some of the effects are starting to appear in price inflation and oddities in the overnight lending markets between financial institutions.Will El Salvador’s bet on Bitcoin pay off? And are these simply transitory macroeconomic irregularities, or is there cause for concern?In this interview, I talk to Lyn Alden, a macroeconomist and investment strategist. We discuss El Salvador making Bitcoin legal tender, other countries adopting Bitcoin, the Lightning Network and the reverse repo market.This episode’s sponsors:Gemini - Buy Bitcoin instantlyBlockFi - The future of Bitcoin financial servicesSportsbet.io - Online sportsbook & casino that accepts BitcoinCasa - The leading provider of Bitcoin multisig key security.Exodus - The world's leading Desktop, Mobile and Hardware crypto wallets.Ledger - State of the art Bitcoin hardware wallet

“This is just exercising our sovereign right to adopt legal tenders, like we adopted the US dollar in the year 2001...the only difference probably is the reasons why we are doing this; in 2001, it was probably done for the benefit of the banks, and this decision is done for the benefit of the people.”— Nayib BukeleLocation: El SalvadorDate: Friday 18th JuneProject: El SalvadorRole: PresidentTwenty years ago, El Salvador became a dollarised nation, bringing economic stability to the country and improving the country's potential for investment. However, it did so at the cost of giving up its monetary policy to the US Federal bank.Two decades later, following the COVID-19, the global economic outlook has changed significantly. As a result, the Fed has taken extreme measures to combat the economic impact of the pandemic and is printing money at previously unseen levels. The stimulus packages that help American's do not make their way to dollarised El Salvador, but the people of Salvadorans do suffer the adverse effects of the US debasing the dollar.Two years ago, Nayib Bukele won a landslide presidential election in El Salvador, becoming the first President since the Salvadoran Civil War who did not represent either of the two major parties.As the founder of the political party Nuevas Ideas, President Bukele lived up to his reputation when on the 8th of June 2021, El Salvador enacted its Bitcoin Law, making it the first country to adopt bitcoin as a legal tender. The decision has been met with excitement and scepticism. Could this bold move be a catalyst for prosperity in El Salvador? And will other nations follow suit, potentially helping billions?In his first interview since the Bitcoin law was passed, I talked to El Salvador President Nayib Bukele. We discuss the decision to make bitcoin legal tender, education & infrastructure, volcano mining, and why he believes bitcoin is a ‘no-brainer’.This episode’s

“From the start, the conversation was about financial inclusion, open systems, open monetary networks, free markets, how the existing financial system is broken, and how in theory, the world is a much more free, economically liberal place if the monetary network is Bitcoin.”— Jack MallersLocation: El SalvadorDate: Thursday 17th JuneProject: StrikeRole: CEOEl Salvador made history by becoming the first country to embrace bitcoin as legal tender. This bold step to adopt Bitcoin empowers Salvadorians and utilises Bitcoin's powerful technology to build a better financial future for the country. As a dollarised country, El Salvador is at the whim of the Fed, and the groundbreaking legislation included this excerpt:"Central banks are increasingly taking actions that may cause harm to the economic stability of El Salvador; That in order to mitigate the negative impact from central banks, it becomes necessary to authorise the circulation of a digital currency with a supply that cannot be controlled by any central bank."The bitcoin project in El Salvador has a long history; Bitcoin Beach, a project started by Michael Peterson in El Zonte, a surf town that has become a bitcoin hub in El Salvador. This local project has become the poster child of what a bitcoin community and economy can look like.Jack Mallers and the Strike team have taken El Salvador by storm, but this story is bigger than any one person. From Bitcoin Beach to developers, and the entire community, every bitcoiner played a part in bringing a fair and inclusive financial future to El Salvador.In this interview, I talk to Jack Mallers, CEO of Strike. We discuss the story that led to Bitcoin as legal tender in El Salvador, all the credit due to the community, and his mission to secure financial freedom for all.This episode’s sponsors:Gemini - Buy Bitcoin instantlyBlockFi

“The whole energy argument...it doesn’t take into account the physics and engineering of how the energy is produced, and it doesn’t take into account the economic reality that we are always seeking out lower cost power.”— Harry SudockLocation: MiamiDate: Monday 7th JuneProject: Griid InfrastructureRole: WP of StrategyBitcoin mining has been subjected to a considerable amount of criticism over recent years, but the number of articles disseminating misinformation has exploded over the last few months. Almost every mainstream media outlet has shared ill-researched hit pieces, and several hugely influential figures, from Elon Musk to Elizabeth Warren, have publicly questioned its energy usage. While the conversation about Bitcoins energy usage is worthwhile, almost all of the criticisms come from a misunderstanding of Bitcoin and the energy sector. However, the reach of these articles is widespread and potentially damaging. To address this FUD, I talk to Harry Sudock, the Vice President of Strategy at Griid. We discuss the energy consumption of Bitcoin mining, energy generation & the power grid and the case for renewable energy.This episode’s sponsors:Gemini - Buy Bitcoin instantlyBlockFi - The future of Bitcoin financial servicesSportsbet.io - Online sportsbook & casino that accepts BitcoinCasa - The leading provider of Bitcoin multisig key security.Exodus - The world's leading Desktop, Mobile and Hardware crypto wallets.Ledger - State of the art Bitcoin hardware walletRevolut - A better

“People by their nature prefer to cooperate, not because they are genuinely kind, but because conflict and violence is very very expensive; if you have a knife fight you are getting stabbed, even if you win.”— Michael MaliceLocation: New YorkDate: Wednesday 9th JuneProject: michaelmalice.comRole: AuthorIt's a common misconception that anarchy revolves around chaos and war when it is simply about freedom. Anarchists want to see the removal of all government and society to run on an entirely voluntary, cooperative basis.While it's uncertain what our world would look like without rulers, technology is the greatest driver of transformation in the modern world. Bitcoin has realised an anarchist dream as an incorruptible form of money, controlled by the people outside of government intervention. It is a powerful catalyst for freedom.Michael Malice is a staunch anarchist and author who believes anarchism is an apparatus for achieving human joy. In this interview, we discuss how the world would operate without state intervention, the human propensity for cooperation, and how Bitcoin is a catalyst for change.This episode’s sponsors:Gemini - Buy Bitcoin instantlyBlockFi - The future of Bitcoin financial servicesSportsbet.io - Online sportsbook & casino that accepts BitcoinCasa - The leading provider of Bitcoin multisig key security.Exodus - The world's leading Desktop, Mobile and Hardware crypto wallets.Ledger - State of the art Bitcoin hardware walletRevolut - A better way to handle your money-----

“A lot of the tools that we’re using today to combat this coronavirus crisis were cooked up in 2008 during the great financial crisis, but now they’re on steroids; they’ve completely blown up to magnitudes that are unprecedented.”— Greg MercerLocation: New YorkDate: Wednesday 9th JuneAs of February 2021, annual growth in the money supply reached 39% in the US, leading to widespread fears of inflation and the impact on the economy. Consumer prices soared 5% in May, the largest increase since 2008. While the Fed has argued that inflation will revert to normal by next year, others are looking to hedge the risk of inflation.Bitcoin is viewed by many as the ultimate inflation hedge. With its fixed monetary policy and transparent, consistent and decreasing supply issuance, it is the antithesis of fiat currencies, perpetually debased by governments' increasingly extreme monetary policy.Are we right to fear more significant inflation? And what role do Bonds and Bitcoin play?In this interview, I talk to William Elman and Greg Mercer. We discuss bond yields and what they signal, the pros and cons of market intervention and the ever-increasing government debt.This episode’s sponsors:Gemini - Buy Bitcoin instantlyBlockFi - The future of Bitcoin financial servicesSportsbet.io - Online sportsbook & casino that accepts BitcoinCasa - The leading provider of Bitcoin multisig key security.Exodus - The world's leading Desktop, Mobile and Hardware crypto wallets.Ledger - State of the art Bitcoin

“It is unnerving when a bunch of virtue signalers...having no appreciation for the fact that 85% of the people in the world live in poverty and they don’t have access to a reliable form of money that could pull them out of poverty, that they would start to criticize without having any understanding.”— Parker LewisLocation: GuatemalaDate: Wednesday 26th MayProject: Head of Business DevelopmentRole: HostThe Gradually, Then Suddenly series by Parker Lewis on the Unchained Capital blog is an excellent resource for readers with any level of knowledge. Bitcoin is not intuitive at first, and these articles cover many of the most common sticking points people come across when they fall down the rabbit hole. Parker's writings deeply examine the value proposition of Bitcoin from a first-principles basis.To truly understand Bitcoin, one must answer the question: what is money?In this interview, I talk to Parker Lewis, Head of Business Development at Unchained Capital. We discuss money as a coordination function of society, Bitcoin's energy usage, and why you cannot copy Bitcoin.This episode’s sponsors:Gemini - Buy Bitcoin instantlyBlockFi - The future of Bitcoin financial servicesSportsbet.io - Online sportsbook & casino that accepts BitcoinCasa - The leading provider of Bitcoin multisig key security.Exodus - The world's leading Desktop, Mobile and Hardware crypto wallets.Ledger - State of the art Bitcoin hardware walletRevolut - A better way t

“I cannot stress this enough; when you are trying to gauge consensus for an upgrade proposal, it is not a democracy. Absolutely not. It is not voting; it is not majority wins. That is not how things are done.”— ShinobiLocation: MiamiDate: Tuesday 25th MayProject: Block DigestRole: HostBitcoin is an entirely decentralised network, and as such, by definition, it has no authoritative organisation to dictate or coordinate rule changes. Instead, any improvements or changes must be community-driven.Changes to Bitcoin are rare, and when the developers propose protocol changes, they go through a strenuous review and test process. As such, changes are rare and slow to happen. While some see this as a negative, it is one of the strengths of Bitcoin. A monetary network that is worth nearly $1tn should not be fast or easy to change. Many even think that eventually, the base-layer of Bitcoin may reach a point where it must no longer implement any changes, and further improvements would occur on higher layers.In this interview, I talk to Shinobi, the host of Block Digest. We discuss making changes to the Bitcoin protocol, hard vs soft forks, ossification, and the upcoming Taproot soft fork means for Bitcoin.This episode’s sponsors:Gemini - Buy Bitcoin instantlyBlockFi - The future of Bitcoin financial servicesSportsbet.io - Online sportsbook & casino that accepts BitcoinCasa - The leading provider of Bitcoin multisig key security.Exodus - The world's leading Desktop, Mobile and Hardware crypto wallets.Ledger - State of the art Bitcoin hardware wallet