Bitcoin is this thing that exists and maybe it won't have the utility and the convenience of those

currencies at the same way. But what it has is something that is so inescapably different in the

fact of its censorship resistance and the fact of its permissionless nature and the fact that it is

not controllable by the state in the same way as any of these other alternatives might be.

It's fun to ask why we might have chosen or Satoshi might have

chosen Halloween. I think it's just as fun, though, to think about just how far things have

come since that happened, since he's shared the Bitcoin white paper with that list serve in 2008.

Welcome back to The Breakdown with me, NLW.

It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world.

The breakdown is sponsored by crypto.com, nexo.io, and elliptic, and produced and distributed by CoinDesk.

What's going on, guys? It is Friday, October 30th, and today we're doing something fun.

So first, let's talk a little bit of history. Twelve years ago on Halloween, 2008, Satoshi Nakamoto sent an email that introduced the world, or more specifically, the cypherpunk

mailing list, to the Bitcoin

white paper, and we all know what's gone on since then. We know how transformational that

moment was. A slightly less transformational moment, but one that shares an anniversary with that,

was that last year on Halloween, I did a show about why Satoshi might have chosen

Halloween as a time to release that white paper. Now, of course, this is all wild speculation,

but there were a lot of great conversations around it last year, some that related to the

Reformation, some that related to, well, you'll see. But when I was doing

that, I wasn't actually recording the breakdown that you know and now are listening to. I was doing

the show that came first, which was actually done as a live stream every day at 3 p.m., then push to

YouTube and then push to podcast as well. I was experimenting with

...