Is Bitcoin Culture Dead? | Pete Rizzo
We discuss:
- The Changing Bitcoin Culture
- Institutional Adoption of Bitcoin
- Saylor's Vision
- Culture Wars in Bitcoin
Watch it here: https://youtu.be/c56DkZYbTaQ
Discussion
Nice microwave.
Yes it is
Wow quite the question. Might have to give this a listen. Seems like the zeal for change has gone from the community. Energy is super flat
Danny, it would be nice if you introduced the guests a little in your show descriptions instead of just summarizing what you talk about. If it's someone that listeners don't know, it would be helpful to know a little about them (who they work for, what books they wrote, etc.)
Spoiler: Rizzo says a lot of words.
Danny’s feeling about treasury companies will ultimately be correct because it’s common sense. If your company doesn’t produce anything useful then it will die. Hodling bitcoin is not productive
The piece that Pete and the core sycophants miss with knots supporters is that we don’t like the idea of core devs having the power to push changes without respecting input from the wider community.
Additionally they are not more important than other users in the community. And their worldviews and thoughts on the direction and future of Bitcoin certainly aren’t. Once there’s consensus for change then we need devs to implement it. If they were all to quit tomorrow Bitcoin survives.
Whether or not Pete agrees, the knots camp sees core devs as a major threat to Bitcoin currently and thus there needs to be a check against them.
BREAKING: BTC culture is above click bait marketing
Danny raised a great point, that unfortunately was not expanded on:
There is a difference between a treasury company that has savings from organic operation and saves in bitcoin, and a company that explicitly raises debt (=other people's money) in order to buy bitcoin.
It's ironic that by "treasury companies" we usually refer to the the latter, that actually don't use their treasury to buy the btc...
I made the same point earlier: