In October 2008, Satoshi Nakamoto published the Bitcoin whitepaper on the Metzdowd cryptography mailing list
Tomorrow, I’ll interview Perry Metzger – the founder and host of the Metzdowd cryptography mailing list
4 PM EST / 10 PM CET
Join the livestream chat to ask questions!
Bitcoin plebs spent a decade coming up with conspiracy theories about spooks and who is here to launch an attack on BTC
But they turned out to be the attack on Bitcoin
(and quite possibly infiltrated by spooks too)
During every bear market, Bitcoin had something technologically interesting that was being developed
These concepts are responsible for restoring faith in the future of the project
In 2011, the self custody experience improved with proper SPV wallets.
In 2013-2014 we got Zerocash (today’s Zcash), Counterparty and Omni (the grandfathers of Ethereum & Solana), and the early iterations of sidechains
In 2018-2019 we witnessed the glory days of the Lightning network, which promised to make all altcoins obsolete
In 2022-2023 we saw the first use cases for Taproot and started thinking about CTV, programmability via BitVM, vaults, and scaling Bitcoin across time
But for 2026-2027, we have nothing going on. Some BitVM projects that aren’t getting any traction due to the broken user culture, infighting due to filtering wet dreams, a lot of virtue signaling from people who don’t understand how Bitcoin works, nothing productive or remotely interesting.
The research and development moved to other chains or else pivoted to AI. The smartest people are leaving, or else creating hard forks like Ecash.
Only the most naive or perverse (as in sheep and wolves) seem to be sticking to the BTC only thesis, as regulators and politicians finally caught up with how the tech works and are ready to capture it.
Bitcoin doesn’t die when the price goes to 0. It dies when it no longer becomes useful as unstoppable internet money, as the primary use case is speculation.
Bitcoin Fork Summer
BIP 410 gets activated (110+300)
63 million bitcoins will exist
42 million will get airdropped to HODLers
Everyone gets the technology they want
Tomorrow I will be interviewing @Alex Waltz
Probably the first fellow Romanian I’ve ever had on my podcast
We’ll talk about Bitcoin history, his research on the first ever transaction & why satoshis don’t exist
8 PM CET / 2 PM EST
Don’t miss it!
Bitconnect: takes your money, buys bitcoin, pays 1% daily interest to token holders. Trading bot makes promises no downside.
STRC: takes your money, buys bitcoin, pays 11.5% annual interest to investors. Saylor’s ChatGPT slop promises no downside.
Thinking of doing more on the road interviews
Talking about Bitcoin while driving to a nice place
Does anyone want to visit Romania this summer?
Or maybe I can come over and we rent a car
(though I prefer my couch on wheels)
hot take:
this whole “microstrategy is in bed with the us intelligence, has board members who are cia veterans, might be the shadow us strategic reserve” narrative
is one desperate effort to make STRC look like it’s too big to fail
so anyone shorting it will be afraid that he’s competing with the money printer
but ftx had even more political support, seemed too big to fail too… until it wasn’t
Scarcity and limited supply are very different concepts
Gold is scarce, even though it has a hypothetically infinite supply that grows over time
Monero & Ethereum are scarce too, as the supply grows over time according to a predetermined schedule.
Bitcoin, Zcash, Litecoin & every other fork are limited in supply.
But then again, with internet money you can create millions of forks – of which maybe a handful will get traction and effectively generate inflation on the market.
So even Bitcoin can face diminishing network effects that eventually lead to inflation. Paul Sztorc’s Ecash might be one such example.
This weekend’s podcast episode just dropped on Spotify & Apple Podcasts 🎧
The guest is @Grafton, whose enthusiasm for vibe coding and just building things will most likely inspire you to create something too
We also talk about privacy & Bitcoin stuff. He receives Zcash for the first time too!
Unfortunately, the video recording appears to be compromised and I am not sure how to fix it. But I will try to put something together and livestream it next week.
Until then, enjoy listening to Grafton!
gm, what a beautiful day to liquidate saylor
cure the entire industry of its biggest cancer
bring back the cypherpunk spirit, kick out the grifter
so if you have any strc or mstr dump that shit
forget about your personal gains for a minute and make this motherfucker lose his shirt
teach everyone else watching to never fuck with this community because we’re built different
the way to restore balance is simple:
liquidate michael saylor
swallow your pride, forget about the money you invested in mstr and strc
perform the sacrifice that brings the true generational wealth
by getting rid of this cancer
show everyone what happens if you mess with bitcoin
gm if you hodl bitcoin you are michael seller’s exit liquidity
if you do sell your bitcoin, his company will most likely buy it to dump at higher prices
welcome to the real world, those closer to the money printer can screw you no matter what you do
luckily, the spirit of btc lives on in other coins that are actually useful and less of a political ponzi
enjoy the rest of your day!
According to Feedspot
Bitcoin Takeover is the 7th best podcast in its category
With an average length of 148 minutes per episode 💪🏻
There is no second longest: triple digits or GTFO
Subscribe:
whatever Saylor says, do the opposite
if he tells you to sell your kidney to buy more bitcoin, buy kidneys
if he tells you that the weather is sunny, wear a raincoat and bring an umbrella too
if he tells you that there is no second best, find the second best and buy it
