Hijacking Bitcoin: The Pursuit of Freedom - Enhanced Epilogue - #FreeRoger

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Written by

Bitcoin Is Cash

2 weeks ago

Hijacking Bitcoin is a compelling book by one of Bitcoin’s most influential entrepreneurs and advocates, Roger Ver.

With Roger’s permission, I’ve used excerpts from the book to create a 90-minute video that highlights the most crucial sections.

For those who didn’t watch the entire video and missed the ending of Hijacking Bitcoin, I’ve just enhanced the audio and visuals in this version.

The epilogue provides a powerful conclusion to the story, and it’s something you won’t want to miss.

You can watch the video in up to 4K resolution for the best viewing experience.

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All comments are welcome, as your interactions on YouTube help increase the content's visibility and reach.

I have no affiliation with Roger Ver, and aside from my request to use parts of his book for my video, no other deal or agreement has ever been made.

Trascript

Most people simply do not know the story of Bitcoin core.

They do not know that blockchains can scale just fine and that the Bitcoin network was intentionally redesigned to have high fees.

They do not know that Blockstream profits by diverting traffic onto their own proprietary blockchain.

They do not know about the failures of the Lightning Network and the inevitable proliferation of custodial wallets.

They do not know that the information they consume online has been tightly controlled and censored for years to promote a single dominant narrative.

But they are totally on board with the idea of sound digital money that is not controlled by a centralized authority.

A beautiful vision that simply cannot be realized on the BTC network. So, in one sense, despite the widespread misinformation the hardest sell is already done.

Switching from one blockchain to another is easy compared to getting sold on the idea of cryptocurrencies in the first place.

We are at the beginning of a monetary revolution.

From a historical perspective the blockchain is still a brand new invention and like any powerful new technology it can make the world a considerably better or worse place.

If we are not careful it might be co-opted and used to track and control people at an unprecedented level, but if we unlock its potential for good it will usher in a new era of sound money personal freedom and prosperity.

The benefits of sound digital money are enormous as enormous as the risk of unsound digital money.

Transactions that are not peer-to-peer require third parties to facilitate them and the old financial system is largely composed of third parties.

Banks, payment processors, credit card companies, regulatory agencies, and central banks manipulating the money supply.

Middlemen are everywhere profiting in some way from every transaction they touch.

Satoshi’s version of Bitcoin, used for everyday commerce, with large blocks and universal access to the blockchain routes around these intermediaries.

We may never know the true motivation behind Bitcoin core’s decision to overhaul Satoshi’s design.

Maybe it happened in good faith — maybe it happened because core was infiltrated.

Regardless, the result is the same. A small block version of Bitcoin that is considerably less disruptive to the status quo.

If interested parties did not directly corrupt Bitcoin they certainly benefit from its corruption.

The same can be said for the rampant censorship online, the widespread information control, and the social media engineering that surrounds this topic.

Even if the opposition did not cause it, they certainly benefit from it.

If any cryptocurrency is going to compete against existing financial systems, we need to coordinate with each other.

The more coordination that exists on the same project the stronger it will become over time.

If everybody builds on a separate network none of those networks will succeed.

This is why I am focusing fusing primarily on Bitcoin Cash right now because

I know the underlying technology can scale and it has already been battle tested in the real world.

The vision for fast, cheap, reliable, inflation-proof digital cash is still alive, but it requires a network of people to bring it into existence.

Software alone cannot improve the world, humans are still required.