Episode notes
“It may be one shot, it’s important, the consequences on civilisation are huge, so we want to be over-cautious about not compromising the culture or the technical features of Bitcoin.”
— Giacomo Zucco
Location: Squadcast
Date: Thursday 24th September
Company: BHB Network & Blockstream
Role: Director & Marketing Director
Bitcoin can be a toxic place. Ask the wrong question or fall on the wrong side of an argument; the community can be vicious in its response. It is a daunting place with Bitcoiners not only clashing with altcoin projects but with each other regarding Bitcoin ideas too. Rarely a day passes without a fight of some kind exploding on Twitter.
However, toxicity plays an important role. Bitcoin is a threat to the legacy financial system, and being decentralised; anyone can contribute. Bitcoin is therefore open to a broad range of attacks from technical to social and Bitcoin's immune system defends against these attacks to protect the protocol.
Segwit2x highlighted how a group might choose to co opt Bitcoin with dangerous consequences. Radical scepticism is levelled against other projects, people and companies to ensure that no outside party can have a negative influence on the future of the best money we have ever had.
So, what are the positives and negatives of toxicity in Bitcoin? When does toxicity cross the line and are there any unintended consequences?
In this interview, I am joined by Bitcoin consultant and educator Giacomo Zucco and Neil Woodfine, Marketing Director for Blockstream. We discuss toxic Bitcoin maximalism, unintended consequences and politics within Bitcoin.
This episode’s sponsors:
Kraken - The best place to buy, sell & trade Bitcoin
BlockFi - The future of Bitcoin financial services
Sportsbet.io - Online sportsbook & casino that accepts Bitcoin
Casa - The leading provider of Bitcoin multisig key security.
Least Authority - Helping projects improve their security and build secure technology.
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WBD267 Show Notes: https://www.whatbitcoindid.com/podcast/bitcoin-toxicity
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