Once Bitten! A Bitcoin Podcast.

Hard Talking About Bitcoin With Simon Dixon. # 564

10 snips
Sep 23, 2025
Simon Dixon, a Bitcoin OG and CEO of Bnk To The Future, shares his journey from investment banking to Bitcoin advocacy. He discusses the pivotal moments that led him to discover Bitcoin and the impact of the 2008 financial crash on his beliefs. Simon warns against leveraging Bitcoin and explores the dangers of centralized financial systems. He also dives into the historical origins of central banking and its geopolitical implications, while emphasizing the importance of self-custody and the future of Bitcoin amidst rising institutional pressures.
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ANECDOTE

From Squat To Prague: Finding Bitcoin Early

  • Simon first met Bitcoin in a squat on Old Street after Johnny Bitcoin invited him to see developers working on the protocol.
  • He later spoke at the first Bitcoin conference in Prague in 2011 and bought five BTC for £25 there.
ANECDOTE

Bank To The Future: Regulatory Pushback

  • Simon tried to create a non-fractional-reserve bank called Bank to the Future and faced regulator pushback.
  • He moved operations to the Isle of Man, then Hong Kong, after the Bank of England effectively choked the initiative.
INSIGHT

Money Is Borrowed Into Existence

  • Money in modern banking is created when someone borrows; most currency is new debt, not pre-existing savings.
  • That structure forces perpetual borrowing to pay interest and creates systemic dependency on issuing more debt.
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