🔁REPOST, MUST WATCH INTERVIEW JUNE 15th 2026
Bitcoin isn't digital gold. It's not locked in by math. You can kill it.
@_BitcoinMatrix #279 Bitcoin Core Has Gone Rogue | @mattkratter, Bitcoin University
The man who ran money at Peter Thiel's hedge fund came on to explain who's trying, and why the only thing protecting Bitcoin is the people who run nodes.
Matthew Kratter, Bitcoin University founder, former Clarium / Thiel-world macro trader, early Palantir investor, joins me to lay out the fight consuming Bitcoin right now in plain English: why he says Bitcoin Core has "gone rogue," the spam war over OP_RETURN and BIP-110 he calls Bitcoin's last stand, why consensus flows from culture and not code, who actually controls the network (hint: not the miners), and how to mine Bitcoin from home for about $10 a day.
Send this to anyone who thinks Bitcoin can't be stopped.
TIMESTAMPS:
00:00 Intro
01:00 Physics dropout to literature: Stanford & Berkeley
05:27 René Girard & meeting Peter Thiel
07:56 Becoming a trader: Thiel Macro to Clarium
12:43 The PayPal mafia, network effects & the dot-com bottom
20:23 Global macro at Clarium & the 2003 housing-blowup call
24:08 Napster, PayPal & the "new world currency"
28:32 Government as the ultimate customer: Palantir & the CIA (In-Q-Tel)
36:00 Deep-state roots: is Peter Thiel captured?
49:32 Culture is upstream of consensus
57:00 Bitcoin isn't magic: nodes, immutability & the spam risk
1:01:42 Why spam is a problem: tragedy of the commons
1:04:30 Spam since Satoshi & the 2014 OP_RETURN war
1:14:30 The changing of the guard at Bitcoin Core
1:18:43 Core uncaps OP_RETURN to 100,000 bytes
1:28:00 Consensus flows from culture: the 2nd Amendment analogy
1:35:20 BIP-110: the temporary soft fork
1:44:00 Why small blocks, and running nodes in Cuba
2:18:55 SegWit & the 2017 UASF: how 500 nodes won
2:24:00 The miners are just employees: node runners set the rules
2:41:46 "Firing the miners": changing proof-of-work
2:55:18 Bitcoin Core went rogue: the last stand
2:58:50 You can kill Bitcoin
3:01:20 Mine Bitcoin from home for ~$10/day, KYC-free
3:11:09 Where to find Matt
▶️ https://t.co/lvKdVis4UJ
I migrated 90% of my stack out of coldcard into Seedsigner years ago. Partly because DIY is more aligned to Bitcoin ethos than a company/product.
But also because NVK is full of hubris and @sesi_the_man is humble, moral, and kind. The man behind the device is worth measuring.
Bitcoin is an intergenerational project in cyberspace. The chain began before most of its current participants arrived, and it will continue after they are gone.
Decisions made now will be evaluated by nodes run by descendants we will never meet—the system already anticipates them. Each block is not only a ledger entry; it is a contribution to structures that will outlive their contributors. Each active validation is a small act of stewardship, the meaning of which compounds because continuity cannot be casually erased.
@LanternBitcoin
MUST WATCH🚨
"Bitcoin is not physical gold. You can kill Bitcoin."
@mattkratter on the spam war, Bitcoin Core gone rogue, and BIP-110.
This might be the most important Bitcoin interview of the year.
@_BitcoinMatrix #279: Bitcoin Is Under Attack