"After finishing the book, I couldn't help but think:
'I don't see how anyone who's actually operating in good faith could read this book and not agree with the conclusion that the Bitcoin project was hijacked.'"
https://t.co/YJt9dR3zv5
At what point does BTC become a scam?
BTC has a collapsing security budget, which undermines scarcity & it cannot evolve to save itself!
Insiders saw the math for years & continued lying to the public anyway
BTC is now a trillion-dollar meme coin sold to the next greater fool!
At what point does BTC become a scam?
BTC has a collapsing security budget, which undermines scarcity & it cannot evolve to save itself!
Insiders saw the math for years & continued lying to the public anyway
BTC is now a trillion-dollar meme coin sold to the next greater fool!
i strongly recommend everyone in crypto to read @HijackingBTC
it's a well-documented piece of history that can teach us a lot
it may also become increasingly relevant to some communities like zcash, while positioning zcash:native as "encrypted bitcoin" and following some historical steps as a previously marginalized project going mainstream and gathering support from some big players
if anything, it will be an entertaining read (at worst), but who knows... we might learn some valuable historical lessons that could become relevant one day
@laeterna_v also has a very good video documentary on the topic published on yt before the book that i'll drop the link to it in the comment section
big shoutout to the bitcoin-cash:native community for putting this together and fighting the good fight during bitcoin block wars (with a massive disadvantage, as the other group strongly dominated the means of communication and community forums at that time)
@Joshuwa Have you read @HijackingBTC? It's a must.
That and these links:
https://t.co/sFhPL6yJP7
https://t.co/pPguQ4Wkqq
https://t.co/Zju0EcunAg
https://t.co/LRMbXSbdHl
Today's Bitcoin Takeover Podcast episode recommendation:
S15 E26 with @rogerkver
The original "Bitcoin Jesus."
First investor in Bitcoin startups like Blockchain, BitPay, Kraken & Ripple. Second Zcash investor.
The most famous of big blockers, author of Hijacking Bitcoin!
Bitcoin threatened the state’s most foundational power: the money printer.
The only sane starting point is therefore that state intelligence would spend huge resources trying to capture, dilute, and gimp it.
The 2017 blocksize war didn’t make BTC hard forks impossible. It made opposition to contentious hard forks part of BTC’s identity and a later hard fork to raise capacity would also lend some legitimacy to BCH’s original argument. That makes such changes politically very difficult
after a painstaking 48+ hours, i finally collected 100 interviews from Harvard students about Bitcoin
About 2/10 owned some
Not a *single* one could explain what the purpose of it was
(besides the price going up)
am i crazy to think that is… odd?
This man did nothing wrong.
Ian Freeman should never have spent a single day in a federal cage. Years of his life have already been taken from him, and every additional day is another day that can never be returned.
We are almost there. Finish this.
PARDON IAN FREEMAN.
https://t.co/5aAyVEIB6H
It’s been a rough year for Blockstream
First they lost the support of the plebs, who used to look up to them
Then they lost the respect of the security community, which wrongly assumed they were dealing with the competent grownups in the room
Lost political & moral authority in only a few months. And 2026 isn’t even over yet!