Rejecting Bitcoin Fundamentalism | Dan Held
Bankless
Bankless
4.7 • 1.2K Ratings
🗓️ 12 October 2022
⏱️ 68 minutes
🧾️ Download transcript
Summary
Dan Held is a widely known educator in the Bitcoin Universe. Formerly the director of growth marking at Kraken, he’s now an independent content creator at the Held Report and an advisor to Trust Machines.
In today’s State of the Nation, we explore a new extremist sub-division of the Bitcoin movement: Bitcoin Fundamentalism.
Is there a divide growing in the Bitcoin Community? Why are Dan Held and other Bitcoiners frustrated with this cohort? What is Bitcoin Fundamentalism, and what does it mean for the future direction of the Bitcoin Community?
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Topics Covered
0:00 Intro
8:00 Say No To Bitcoin Fundamentalism
13:10 What is Fundamentalism?
21:00 Nic Carter
27:12 Brain Drain
31:00 The Rationalists
39:00 Wealthy then Healthy
44:00 Cyber Hornets
53:40 What’s at Stake Here?
1:01:00 Trust Machine
1:03:32 The Bitcoin Ecosystem
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Resources:
Dan Held
https://twitter.com/danheld
Trust Machines
https://twitter.com/trustmachinesco
The Held Report
https://www.theheldreport.com/
Nic Carter Episode
https://youtu.be/BjTeLtuKs1A
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Transcript
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| 0:00.0 | Hey, Bankless Nation. Welcome to another state of the nation episode where we talk about |
| 0:09.0 | something in depth that is going on in crypto. This is saying no to Bitcoin fundamentalism. |
| 0:15.6 | David, this has been a theme in crypto lately. Former Bitcoin maximalist turning against |
| 0:22.8 | Bitcoin fundamentalism. Who do you have on the podcast? What are we going to cover today? |
| 0:27.6 | We had Dan Held on the show. Dan Held has been a Bitcoin proponent, a Bitcoin believer |
| 0:32.2 | for a very long time. I actually don't think Ryan that the Bitcoin maximalist are turning |
| 0:37.5 | away from Bitcoin maximalists. They're turning away specifically from Bitcoin fundamentalists, |
| 0:42.6 | which is a new term. It's actually how Dan Held ended up on the show today when he tweeted |
| 0:47.2 | out a tweet that said, say no to Bitcoin fundamentalism. I like you caught that tweet |
| 0:53.4 | a little bit by surprise. Like, oh, Bitcoin fundamentalism, Dan Held saying no to Bitcoin |
| 0:57.2 | fundamentalism. Don't know what Bitcoin fundamentalism is, but it's interesting that we're |
| 1:02.0 | seeing a schism in the Bitcoin community. So this is what this episode is about. What is |
| 1:07.6 | exactly Bitcoin fundamentalism? And why are so many Bitcoin leaders rejecting it? And so |
| 1:14.1 | we spend the first half of this episode defining terms and just like getting things, making |
| 1:18.4 | things really, really clear. So we can actually talk about what we need to talk about, which |
| 1:21.8 | is this growing cultural divide in the Bitcoin community. |
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... |
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