Bitcoin Purity with Rodolfo Novak - WBD218
The Peter McCormack Show
Peter McCormack
4.7 • 2.8K Ratings
🗓️ 28 April 2020
⏱️ 95 minutes
🧾️ Download transcript
Summary
Location: Zoom Date: Wednesday 22nd April Project: Coinkite Role: CEO & Co-Founder
Bitcoin attracts a broad range of enthusiasts with different backgrounds, experience and political beliefs. The spectrum is broad, from those who treat it purely as a speculative asset, happy to buy and hold, to those who head deep down the anti-state and hard money rabbit hole.
Those who are attracted to Bitcoin's hard money properties may often align with Libertarian ideas, free markets and the separation of money and state. These Bitcoiners will often push hard important topics such as holding your own private keys, validating transactions with a node, enhancing privacy with CoinJoin and generally hating on any altcoin or token project. The most hardcore of Bitcoiners may even avoid exchanges due to KYC/AML legislation and find other ways to accumulate Bitcoin.
Almost all Bitcoiners will fit somewhere between these two extremes, and the beauty of Bitcoin is that it doesn't care about your personal beliefs. As Bitcoin continues to grow, it will attract people who may not align with some of the more anarcho-capitalist opinions but still wish to use Bitcoin.
So, is it the job of more radical Bitcoiners to push everyone towards holding their keys, running a node and improving their privacy and OPSEC? While these are good practices, what about those who do not align with libertarianism or Austrian Economics, should Bitcoin welcome all or be toxic to those who don't follow certain ideologies.
In this interview, I talk to Rodolfo Novak, the CEO & Co-Founder of Coinkite and Bitcoin OG. We get into Bitcoin purity and discuss self custody & personal responsibility, hardware wallets and Bitcoin narratives.
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Transcript
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| 0:00.0 | Bitcoin is whatever to fuck you want Bitcoin to be. It's money and money is |
| 0:06.1 | none of anybody else's business but yours. |
| 0:08.6 | Hello there from Bedford how are you? Welcome to the What Bitcoin did |
| 0:13.1 | podcast which is brought to you by Krakhan, the best place to buy, sell and |
| 0:17.0 | trade Bitcoin. I'm your host Peter McCormack and today I've got an |
| 0:20.4 | interview with Rodolfo Novak a year after him giving me a load of shit in New York |
| 0:25.1 | but before that I have a message from my show sponsors. So first up today we got Coin Tracker and this is their last |
| 0:31.1 | show so let's give them a final boost. |
| 0:33.7 | Took a lot of shit of having these guys on the podcast, having them sponsor the show. |
| 0:37.1 | We had the anti-state people saying, what are you supporting this? Why are you supporting |
| 0:41.2 | tax? Are you part of the machine? Look I |
| 0:44.7 | understand what you're saying but I pay my tax I do I pay my tax because I don't |
| 0:48.9 | want to go to jail I don't want to pay my tax but I do. So this year I use Coin Tracker to calculate my Bitcoin tax. It was so easy. |
| 0:57.2 | I plugged in my wallets. I plugged in my exchanges and within two minutes I had my |
| 1:01.9 | tax calculated. |
| 1:03.1 | Now their filings work in the US, UK, Canada and Australia |
| 1:07.3 | and if you haven't got your tax ordered out right now |
| 1:09.4 | then you should definitely check out coin tracker if you're gonna pay it. If you're not then well you don't |
| 1:14.7 | need it. Now it is free for users who have 200 or fewer transactions and for those |
| 1:20.1 | who have more you can get a 10% discount by using the |
| 1:23.5 | you are L coin tracker dot i.o slash a |
| 1:26.8 | four slash w b d and if you want to access coin tracker it is co i n t r a c k e r Access Coin Tric K-E-R. |
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