Welcome back to another Crypto Daily 3 at 3. What's going on, guys? It is Thursday, October 17th.

And today we're going to be doing, instead of the normal 3 at 3, we're going to be deep diving on one particular conversation.

Tomorrow we will be back with kind of a more traditional news round up to end out the week.

But there's been a really interesting debate going on for the last, I don't know,

whatever, coming up on 24 hours, basically, on Bitcoin Twitter in particular,

but kind of crypto Twitter more broadly, about a couple things.

One, the nature of institutionalization and what it does to Bitcoin to the relative importance of

different attributes of Bitcoin, basically whether the idea of trust minimization, censorship

resistance is more or less important than sound money principles.

And it all stems from kind of this piece of news that happened yesterday.

So I think it's really interesting.

I think it's a nice moment to reflect on some fundamentals instead of just get totally caught up in the day-to-day.

So let's dive in.

So I'll kick it off with this tweet from Nick Sabo yesterday.

Multitudes and charlatans have entered the cryptocurrency in smart contract spaces who not only lack cypherpunk sensibilities, but hate cypherpunk values, including the values such as trust

minimization that give cryptocurrencies like Bitcoin their market values. So that's kind of a nice

setting of the tone of the of the debate. But let's go back to last night or I guess yesterday

when Jonathan Levin from Chainalysis posted this. He says, today is my proudest day at Chainalysis.

We enabled the U.S., UK, Germany,

and South Korea to take down one of the largest child abuse material sites. Law enforcement in 38

countries made 330 plus arrests of alleged pedophiles and rescued 23 children from abuse.

So obviously this is a, you know, a really interesting story around law enforcement taking

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