What Bitcoin Did Bitcoin Culture vs Wall Street | Thomas Pacchia
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Jul 21, 2025 Thomas Pacchia, co-founder of Pubkey, dives into the evolving culture of Bitcoin, emphasizing the vital principles of privacy, self-sovereignty, and freedom. He warns against the overshadowing 'number-go-up' mentality that distracts from Bitcoin's original ethos. The conversation also highlights the mounting influence of institutions and ETFs on Bitcoin, as well as the challenges posed by regulatory frameworks like the Patriot Act that threaten financial privacy. Pacchia shares insights on Pubkey's expansion and community-building efforts in Washington, D.C.
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Culture Over Price
- Bitcoin culture is powerful and crucial to preserve beyond just focusing on price increases.
- Early cypherpunk values like privacy and self-sovereignty risk being overshadowed by financial narratives.
Bitcoin Beyond Digital Gold
- Bitcoin's push as digital gold leaves out its broader monetary and practical uses.
- Treating Bitcoin only as a store of value undersells its true potential.
Bitcoin Treasuries and Community
- Bitcoin treasury companies attract many but often don't encourage deeper involvement with Bitcoin's principles.
- Financial plays like MicroStrategy's are more about savvy trading than community building.