My First Million #196 with Dan Held - Who Really Created Bitcoin & Other Crypto Startup Ideas
Jul 2, 2021
Dan Held, a serial Bitcoin entrepreneur, shares his fascinating journey through the cryptocurrency landscape. He dives into the enigma of Satoshi Nakamoto and speculates on his true identity. The conversation touches on the controversial figure of Tether and its implications. He also discusses innovative business ideas in the crypto space and offers insights on monetizing within the creator economy. Lastly, Dan highlights the role of viral marketing and memes in shaping the future of content creation.
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Bitcoin Origin Story
- Dan Held's interest in Bitcoin began in 2012 when a friend repaid him for a beer with a Casascius coin.
- His background in finance, coupled with witnessing the 2008 financial crisis, made Bitcoin's fixed supply appealing.
Bitcoin's Mission
- Satoshi Nakamoto's message in the Genesis block, referencing a bank bailout, reveals Bitcoin's true purpose.
- Bitcoin aims to disrupt the financial system, not just payment processors.
Satoshi Theories
- Two theories about Satoshi Nakamoto's identity are Hal Finney, who had ALS and died, and the NSA.
- Hal Finney's involvement in PGP encryption and proof-of-work makes him a likely candidate.