Click to download audio version For almost a decade, Bitcoiners from all across
the world have celebrated January 3 as Bitcoin’s bonafide birthday. It
was on that date in 2009 that Satoshi Nakamoto mined Bitcoin’s genesis block and
it was this first successful hash computation that defined the political purpose
of Bitcoin with the embedded message: “The Times 03/Jan/2009 Chancellor on Brink
of Second Bailout for Banks.” Simply put, Bitcoin is an instrument that is
specifically designed to resist the inflationary urges of monetary politics, and
its qualities empower individuals to become sovereign. However, the business
sector that developed and blossomed around Bitcoin has not always remained true
to the cypherpunk origins that created it; Oftentimes, exchanges and lending
services impose withdrawal limits, freeze accounts and find other ways to
arbitrarily restrict users’ access to their funds. In this episode, Bitcoin
Magazine's Vlad Costea interviews long-time Bitcoiner Trace Mayer. They discuss
how some cryptocurrency businesses tend to restrict the concept of sovereignty
that the technology was meant to protect, and Mayer's response to the
phenomenon, the Proof of Keys [Jan/3➞₿] event, held every year on January 3.
Twitter: Sponsors: DISCLAIMER: The following content is for informational
purposes only. You should not construe any such information or other material as
legal, tax, investment, financial, or other advice. Nothing contained in this
presentation constitutes a solicitation, recommendation, endorsement, or offer
by BTC Media, The Let’s Talk Bitcoin Network, or any third party service
provider to buy or sell any securities or other financial instruments.
the world have celebrated January 3 as Bitcoin’s bonafide birthday. It
was on that date in 2009 that Satoshi Nakamoto mined Bitcoin’s genesis block and
it was this first successful hash computation that defined the political purpose
of Bitcoin with the embedded message: “The Times 03/Jan/2009 Chancellor on Brink
of Second Bailout for Banks.” Simply put, Bitcoin is an instrument that is
specifically designed to resist the inflationary urges of monetary politics, and
its qualities empower individuals to become sovereign. However, the business
sector that developed and blossomed around Bitcoin has not always remained true
to the cypherpunk origins that created it; Oftentimes, exchanges and lending
services impose withdrawal limits, freeze accounts and find other ways to
arbitrarily restrict users’ access to their funds. In this episode, Bitcoin
Magazine's Vlad Costea interviews long-time Bitcoiner Trace Mayer. They discuss
how some cryptocurrency businesses tend to restrict the concept of sovereignty
that the technology was meant to protect, and Mayer's response to the
phenomenon, the Proof of Keys [Jan/3➞₿] event, held every year on January 3.
Twitter: Sponsors: DISCLAIMER: The following content is for informational
purposes only. You should not construe any such information or other material as
legal, tax, investment, financial, or other advice. Nothing contained in this
presentation constitutes a solicitation, recommendation, endorsement, or offer
by BTC Media, The Let’s Talk Bitcoin Network, or any third party service
provider to buy or sell any securities or other financial instruments.
