14 Nov 22
This is a paid newsletter. If you’re an open source contributor to Bitcoin projects, please email me with your contributions and I will give you complementary subscription. What I've been working on The Debate - I was at laBitConf this past week and this is the panel everyone is talking about. The panel had Samson, Vitalik, Diego, Rodolfo and others, but the main message that I had during the panel is that “don’t trust, verify” has been corrupted by altcoiners and that’s resulted in tragedies like FTX. I admit being very spicy during the panel and I wish Diego didn’t interrupt the discussion I was having with Vitalik as his comparing Satoshi’s creation of Bitcoin to “useless coin on Bitcoin” is just utterly disingenuous. Satoshi didn’t premine a bunch of coins and it required proof-of-work. The crowd was obviously pro-Vitalik, and I really hope they started understanding that trusted third parties really are giant security holes.