The Last Days of Satoshi with Pete Rizzo - WBD339
The Peter McCormack Show
Peter McCormack
4.7 • 2.8K Ratings
🗓️ 26 April 2021
⏱️ 83 minutes
🧾️ Download transcript
Summary
Location: Remotely Date: Wednesday 21st April Company: Kraken & Bitcoin Magazine Role: Editor
Ten years ago, in April 2011, Satoshi Nakamoto sent his last known message to Mike Hearn, stating that he had "moved on to other things" and that Bitcoin was "in good hands". Satoshi left the development with Gavin Andresen and a group of contributors and left the Bitcoin community for good.
At launch, Bitcoin was governed and developed entirely by Satoshi; it was centralised. To reach the level of decentralisation that Satoshi envisioned, Bitcoin couldn't have a leader that the community looked towards; instead, it needed to rely on peer review, debate and consensus. Satoshi, the mythical and mysterious leader, had to leave the project he founded.
Pete Rizzo wrote The Last Days of Satoshi to answer the fundamental questions about Bitcoin's early history and its creator. How did he run the project? And why did he have to leave?
In this episode, I talk to Pete Rizzo, the Editor at Kraken & Bitcoin Magazine. We discuss Satoshi's final days, his contribution to Bitcoin, the project's transition to decentralisation, and why his disappearance was inevitable.
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Transcript
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| 0:00.0 | So Toshi kind of left an unfinished product because in order for it to be finished, like it had to solve the riddle of him. |
| 0:09.0 | Hello there, from Bedford, in the United Kingdom, how are are you doing? How was your weekend? We are enjoying |
| 0:16.7 | some new freedoms here in the UK. People are getting hair cut. They're sitting outside and having |
| 0:21.7 | coffees together. I even hugged someone this weekend. |
| 0:25.2 | I'm not sure if that was illegal or not, but I did it anyway. Amazing stuff. |
| 0:29.7 | It's good to be getting back to normal. Anyway, welcome to the What Bitcoin did podcast, |
| 0:35.0 | which is brought to you by Gemini, the only place I am using for buying Bitcoin. |
| 0:39.0 | I'm your host, Peter McCormack, |
| 0:41.0 | and today I've got a really incredible interview with Pete Rizzo where he talks |
| 0:44.5 | about the last days of Satoshi Nakamoto. I don't often say this but many of the |
| 0:49.6 | podcast episodes I get to make are built on the great work of others and what Rizo has |
| 0:54.5 | done here is really fantastic so please do make sure you go into the show notes |
| 0:58.4 | click on the link and check out the full article he has been working on for a very |
| 1:02.1 | long time. |
| 1:03.0 | Okay, before we get into the interview, I do have a message from my show sponsors, |
| 1:07.5 | and today we're kicking off with Exodus wallet, |
| 1:10.0 | who I will be using as my main mobile and desktop wallet for Bitcoin. |
| 1:15.0 | Now somebody tweeted me yesterday. |
| 1:17.0 | They're like, Pete, how are you using XS? |
| 1:20.0 | You talk about using it for your business, how are you actually using it? Well it's |
| 1:23.8 | really about recordkeeping and to keep my accountant happy she is always |
| 1:27.4 | winching at me because I used to send her the Bitcoin transactions and she was |
... |
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