The Goal of Bitcoin and Public Interest

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Bitcoin was created to have money that cannot be taxed or garnished by the government. However, with most people using Bitcoin for US dollars, setting up regulated investment options, and seeking Wall Street adoption, the original vision of Bitcoin might be deviating. Public interest in Bitcoin has waned, leading to predictions of another bubble by 2024 or 2025. Despite its limitations as a non-commodity, Bitcoin's trajectory has been driven by speculation, with 2023 dominated by negative news about key figures in the crypto space.

Paris Marx is joined by David Gerard to discuss Jack Dorsey’s decision to leave Bluesky, his obsession with Bitcoin, and his contributions (or lack thereof) to modern technology.

David Gerard is the author of Attack of the 50 Foot Blockchain and Libra Shrugged. He also makes Pivot to AI with Amy Castor.

Tech Won’t Save Us offers a critical perspective on tech, its worldview, and wider society with the goal of inspiring people to demand better tech and a better world. Support the show on Patreon.

The podcast is made in partnership with The Nation. Production is by Eric Wickham. Transcripts are by Brigitte Pawliw-Fry.

Also mentioned in this episode:

David wrote about Jack Dorsey abandoning Bluesky on his blog.
Business Insider reported on how Dorsey gave money to the far-right founder of Nostr.
Dorsey was interviewed by Mike Solana on Pirate Wires.
Dorsey has posted in support of Robert F. Kennedy Jr., and the response to it is why he deleted his Bluesky account.

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