Divine Intelligence, etc Bitcoin Solari
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Dec 24, 2024 Join Steve Patterson, co-author of "Hijacking Bitcoin," as he demystifies the complex world of Bitcoin. He discusses the evolution of Bitcoin's narrative from digital cash to a speculative asset, revealing the governance challenges behind it. Patterson dives into the role of Tether in market manipulation and its geopolitical implications. The conversation also touches on Bitcoin ETFs and the ethical dilemmas tied to custody services. With insights on Bitcoin Cash and the need for transparency in financial systems, this discussion is a must-listen for anyone curious about cryptocurrency's future.
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Co-Authors and Book's Tone
- Catherine Austin Fitts theorizes that Steve Patterson's calm demeanor helped balance Roger Ver's passionate involvement in Bitcoin's drama.
- Earlier drafts of their book, Hijacking Bitcoin, were more pointed and personal.
Understanding Bitcoin's History
- Steve Patterson claims that understanding Bitcoin requires knowledge of its history, including censorship and platform control.
- Key events like the block size war and Satoshi's vision are crucial for comprehension.
Bitcoin's Original Vision
- Bitcoin's original purpose was to serve as digital cash for online transactions.
- It aimed to provide a decentralized, low-cost alternative to existing permissioned systems like credit cards and PayPal.
