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TFTC: A Bitcoin Podcast

#677: How Bitfury Survived the Early Bitcoin Wars with George Kikvadze & Bill Tai

TFTC: A Bitcoin Podcast

Marty Bent

Technology

4.8764 Ratings

🗓️ 31 October 2025

⏱️ 91 minutes

🧾️ Download transcript

Summary

Marty sits down with George Kikvadze and Bill Tai to discuss the early days of building Bitfury, the resilience required to scale Bitcoin infrastructure when the industry was full of doubters, and why Bitcoin remains the ultimate insurance against inevitable government fiscal collapse.

George on Twitter: https://x.com/BitfuryGeorge

Bill on Twitter: https://x.com/KiteVC

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Transcript

Click on a timestamp to play from that location

0:00.0

You've had a dynamic where money has become freer than free.

0:10.0

If you talk about a Fed just gone nuts, all the central banks going nuts.

0:16.0

So it's all acting like safe haven.

0:18.0

I believe that in a world where central bankers are tripping over themselves to devalue their

0:23.5

currency, Bitcoin wins. In the world of fiat currencies, Bitcoin is the victor.

0:29.2

I mean, that's part of the bold case for Bitcoin.

0:31.8

If you're not paying attention, you probably should be.

0:36.2

This is a motley crew we got here, gentlemen.

0:39.5

This is, I'm very excited for this conversation.

0:42.5

We've been going back and forth an email for a week.

0:45.7

George, I've been following you on Twitter for over a decade now at this point and followed

0:52.0

your journey through Bitfury.

0:58.0

You're about to release a book telling the story of Bitfury.

0:58.8

We have Bill Ty.

1:03.5

I'm joining us as well because he went along on that journey with you.

1:07.9

And it's a story of resilience and building, like we were just saying before,

1:14.0

we hit record that we're early to Bitcoin. believe i i truly believe that we're right and despite that we've had to build with many doubters in the background

1:21.1

and many obstacles to overcome considering we're trying to scale this distributed network

1:27.2

and the infrastructure around it.

1:29.5

So I think, George, if you're comfortable to start it off, I actually want to start with Bill

1:34.5

because we were chatting before you hopped on about the story about how we got connected

1:38.9

with you.

...

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