Bitcoin Toxicity with Giacomo Zucco & Neil Woodfine - WBD267
The Peter McCormack Show
Peter McCormack
4.7 • 2.8K Ratings
🗓️ 9 October 2020
⏱️ 105 minutes
🧾️ Download transcript
Summary
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.
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Transcript
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| 0:00.0 | It may be one shot, it's important, the consequences on civilization are huge, and so we want to be |
| 0:07.6 | over cautious about not compromising the culture or the technical features of |
| 0:13.9 | Bitcoin. |
| 0:14.9 | Hello there from Bedford in the United Kingdom, the Bitcoin Mecca of the world. |
| 0:19.5 | How are you all? |
| 0:20.5 | Welcome to the What Bitcoin did podcast, which is brought to you by The Mighty Cracken, |
| 0:24.0 | the best place to buy, sell and trade Bitcoin. |
| 0:26.0 | I'm your host Peter McCormack and today I've got an interview with Giacomo Zucco and |
| 0:30.2 | Neil Wood fine and we're going to be discussing Bitcoin toxicity. |
| 0:33.7 | But before that I do have a message from my amazing show sponsors. |
| 0:37.6 | So first up today we have Blockfai who are the future of Bitcoin and Financial Services. |
| 0:42.0 | Now with Blockfai you can open up an |
| 0:44.3 | interest account and you can start earning interest on your Bitcoin. I am a customer |
| 0:48.5 | I've been a customer for nearly a year now and every month at the end of the month I |
| 0:52.2 | love getting my interest I've |
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| 1:04.9 | from your Bitcoin wallet. |
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| 1:10.6 | If you're interested in checking out BlockFi, I do recommend you do your own research, then head over to BlockFi.com, which is B-L-O-C-K-F-I-com. |
| 1:19.0 | Also, we're going to talk about Cracken, who's my favorite company for buying Bitcoin from. |
| 1:24.7 | It's the only exchange I used to buy a Bitcoin from. |
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