@Pantera 8 November 2025

Bitcoin: What You Were Never Told

History of Bitcoin: A Personal Journey Inspired by Roger Ver’s Book, Hijacking Bitcoin My understanding of Bitcoin’s history, shaped by research and personal experience, closely aligns with the account Roger Ver presents in **Hijacking Bitcoin**. https://www.amazon.com/Hijacking-Bitcoin-Hidden-History-BTC-ebook/dp/B0CTHRQJDX Still, while reading the book, I encountered many details I hadn’t known before. Since I only began studying and buying Bitcoin in March 2017, much of the history was entirely new to me, despite my research of the early days. In his book, Roger explains why Bitcoin was created, what problem it aimed to solve, why its price rose so quickly, and how it posed a serious challenge to the existing corrupt financial system. Bitcoin was humanity’s greatest chance to free itself from this system, but this chance was lost. Roger also makes the case that the original vision of peer-to-peer electronic cash was preserved and carried forward through Bitcoin Cash. This was also why I began following Bitcoin Cash in 2021 . It represented, to me, **THE TRUTH** within a field dominated by lies, manipulation, greed, and deceit. By 2017, Bitcoin Was Already Toxic

From my very first steps into the Bitcoin world in 2017, I sensed something was wrong, especially in the Bitcoin forum (bitcointalk.org). I wanted trace the roots of Bitcoin and eagerly read Satoshi’s posts and the discussions with the early community. The passion was real and overwhelming. Looking back to these days, I would describe the early Bitcoin community as **a powerful force waiting to be unleashed.** It was a movement **ready to** **challenge the corrupt financial system that caused the 2008 crisis and offer people economic freedom through a decentralized, digital money system.** Reading early forum posts was, for me, the best education on Bitcoin I could ever have. People were excited whenever a new business accepted Bitcoin. Developers patiently answered, they were responding to newcomers and skeptics. The spirit was open, respectful, and full of purpose. There was no arrogance. No trolling. No toxicity. However, as I continued my study of the modern community, I came to perceive a very different reality. The newer posts were full of hostility. Aggressive arguments, trash talk, trolling, flame wars. This approach was spilling everywhere. It felt like a mob had taken over, silencing anyone who asked honest questions. I experienced it firsthand. As a beginner, I quickly realized that my questions about Bitcoin’s use for payments were often ignored or even mocked by several “high profile” bitcointalk members. Yet, I had read the whitepaper, and coming from the banking and payments sector, I clearly understood the problems Satoshi was trying to solve. I also knew the banks would eventually push back. I just didn’t expect was that they had already set changes in motion. So, it became clear. The people orchestrating these attacks were pushing a single message. That Bitcoin would never amount to anything as a payment system, and their strategy was to ridicule anyone who didn’t support the “digital gold” narrative. In the early days, people supported Bitcoin because they believed in the mission of P2P electronic cash. They gave their time freely to promote a tool that could replace fiat currencies and remove middlemen from transactions. But by early 2017, even before the hard fork (August 2017), everything had changed. The moment I joined, the community was split, with one half aggressively attacking the other. The ecosystem was toxic, and many users seemed bitter, angry, or unwilling to help newcomers understand Bitcoin. At the time, I could not connect the dots, but later it became clear that many of the toxic voices opposing Bitcoin’s use for payments were not authentic. They were Blockstream employees, hired Core developers, and influencers who consistently align themselves with Blockstream’s agenda. Obviously, all under Blockstream’s payroll. Above them were bankers, Wall Street investors, and likely even individuals with ties to powerful institutions, essentially anyone who stood to benefit from preserving the status quo, the same monetary system that causes recessions and steadily erodes the value of money. It all affected me deeply. Most newcomers in 2017 probably never explored Bitcoin as thoroughly as I did, but this kind of research is something I enjoy. What I discovered was deeply unsettling, and years later, Roger’s book finally helped me connect all the dots. Hijacking Bitcoin captures this toxic environment with precision. It describes a space filled with propaganda, character assassinations, and coordinated efforts to suppress the voice of anyone questioning the absurd direction Bitcoin was taking. It shows how development was hijacked, innovation stalled, and dissent silenced. **Why I Created The Video**

The book had a much bigger impact on me than I ever expected. Just a week after finishing it, I started working on a **video**, and within six weeks, I completed it using all of my free time after work. https://www.youtube.com/watch?v=ETp7oyzDbmo I had already reached out to Roger Ver for permission to use parts of his book in this video adaptation. He agreed, and I’m glad to say he enjoyed watching it.

The 300 pages of the book will fill in gaps you probably sensed were there but you were hesitant to explore. My goal was to expose the deception in this space, since that deception is what holds back Bitcoin’s true growth and adoption. While deception may have helped drive BTC’s price to $100,000, and holders can certainly celebrate that milestone, it is important to understand that this surge was not caused by Bitcoin’s original disruptive promise: **A peer-to-peer electronic cash system**. https://www.bitcoin.com/satoshi-archive/whitepaper/

Deception won’t last forever. Eventually, the institutions currently inflating prices will question Bitcoin’s real value. When they do, they will realize they are just gambling. Bitcoin is currently already under the control of legacy finance, tamed, and not disruptive anymore. Core developers now align with the interests of major financial institutions, ensuring that the existing financial status quo remains intact. The opportunity to replace Core came and went in 2017. That window is now permanently closed. If you want to know the truth, it’s out there, in Hijacking Bitcoin. **Hijacking Bitcoin, The Video** https://www.youtube.com/watch?v=ETp7oyzDbmo The side that hijacked Bitcoin succeeded in painting Roger Ver as a villain by launching a massive propaganda campaign against him. Roger also faced difficult times with the US tax authorities, strangely right after the publication of his book, Hijacking Bitcoin, but it appears this situation is now settled. Ver has been a Bitcoin and cryptocurrency evangelist for more than fifteen years, consistently advocating for peer-to-peer electronic cash as the foundation of a freer economic system. My video has reached 21,000 views on YouTube, and I still receive messages from people who discover it randomly and ask why it doesn’t have even more views.

Maybe it is because most people are only interested in the price of these digital assets, rather than the purpose they were created to serve. Or perhaps the majority never truly understood money in the first place. Because if they did, they would have minimized their dependence on a system that ultimately keeps them captive. ****Story was originally published on Medium on July 13th.* *Edited and partially rewritten on 8 November 2025.* *Images are AI generated via Leonardo AI.* ***👉*** *****LinkTree***** ***(my links)*** https://linktr.ee/panterabch ***👉*** *****Tipb.ch***** https://tipb.ch/Pantera ***👉*** *****Subscribe on YouTube***** https://www.youtube.com/@PanteraCrypto *Don’t forget to Subscribe and Like!*