S*** Bitcoiners Say with Rusty Russell - WBD273
The Peter McCormack Show
Peter McCormack
4.7 • 2.8K Ratings
🗓️ 27 October 2020
⏱️ 124 minutes
🧾️ Download transcript
Summary
Location: Squadcast Date: Friday 25rd September Company: Blockstream Role: Lightning Network Developer
Bitcoiners can be firm in their views and are often called toxic by outsiders; however, this toxicity plays an important role. Bitcoin is a threat to the legacy financial system. It 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.
In previous episodes, I have looked at the pros and cons of toxicity and how it acts as an immune system for Bitcoiner. Does this immune system lead to silly narratives going unchallenged? Can Bitcoin fix everything or are we missing critical nuanced debates regarding its potential?
Rusty Russell is somewhat of a contrarian in the Bitcoin space. He is a lightning network developer for Blockstream but also runs the Shit Bitcoiners Say Twitter account which regularly calls out some of the more overzealous and outlandish claims by Bitcoiners.
In this interview, Rusty and I discuss the lightning network, open-source development, narratives and overzealous Bitcoiners.
Hosted on Acast. See acast.com/privacy for more information.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | This irrational exuberance is where I'm like, you know what? |
| 0:04.0 | Sometimes everyone calm the fuck down. |
| 0:07.0 | This stuff is not promised to you. |
| 0:09.0 | Number will not always go up. |
| 0:11.0 | It is not guaranteed to hit a hundred grand to an 88 |
| 0:14.7 | grand whatever number you want and even if it does hit a million dollars you |
| 0:18.3 | wonder what a million dollars will be worth at the time. |
| 0:20.3 | Hello there from Bedford how are you all welcome to the what |
| 0:24.7 | Bitcoin did podcast which is brought to you by the mighty cracken the best place |
| 0:28.6 | to buy sell and trade Bitcoin I'm your host Peter McCormack and today I've got an interview with rusty Russell to discuss |
| 0:35.0 | shit Bitcoin as say. But before that I do have a message from my amazing show sponsors. |
| 0:40.5 | So come on let's talk about Karsa who are the very best in Bitcoin security and I am a customer I became a customer a few months ago |
| 0:47.8 | I knew it was time to get my Bitcoin security sorted so I reached out to the team and they set me up with one of their multi-sig wallets, which I'm very happy with. I'm very happy that I have now protected myself from hackers, personal mistakes, in-person attacks, device failure, and so much more. |
| 1:04.4 | And listen, it's a really good time to be thinking about your Bitcoin security, |
| 1:08.4 | with a potential ball run come in and the price going well. |
| 1:12.0 | You never know what your |
| 1:13.2 | Bitcoin might be worth in a few months certainly within a year so it's worth |
| 1:16.8 | getting your security in place and with Karsa they do have a product for every |
| 1:21.2 | Bitcoiner so with Karsak gold you get triple the |
| 1:24.3 | security of a hardware wallet and that's for only ten dollars a month with Karsa |
| 1:28.4 | platinum you get their three or five multi-sig which is the best protection for |
| 1:32.3 | large Bitcoin holders and that comes at a really great price, and with |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Peter McCormack, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Peter McCormack and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.