Shit Bitcoiners Say with Rusty Russell

“This irrational exuberance is where I’m like you know what… calm the fuck down, this stuff is not promised to you, number will not always go up, it is not guaranteed to hit $100k, $288k or whatever fucking number you want and even if it does hit $1 million, you wonder what $1million will be worth at the time.”

- Rusty RussellLocation: Squadcast

Date: Friday 25rd September

Company: Blockstream

Role: Lightning Network DeveloperBitcoiners can be firm in their views and are often called toxic by outsiders; however, this toxicity plays an important role. Bitcoin is a threat to the legacy financial system. It is therefore open to a broad range of attacks from technical to social and Bitcoin's immune system defends against these attacks to protect the protocol.In previous episodes, I have looked at the pros and cons of toxicity and how it acts as an immune system for Bitcoiner. Does this immune system lead to silly narratives going unchallenged? Can Bitcoin fix everything or are we missing critical nuanced debates regarding its potential?Rusty Russell is somewhat of a contrarian in the Bitcoin space. He is a lightning network developer for Blockstream but also runs the Shit Bitcoiners Say Twitter account which regularly calls out some of the more overzealous and outlandish claims by Bitcoiners.In this interview, Rusty and I discuss the lightning network, open-source development, narratives and overzealous Bitcoiners.

This episode’s sponsors:Kraken - The best place to buy, sell & trade Bitcoin

BlockFi - The future of Bitcoin financial services

Sportsbet.io - Online sportsbook & casino that accepts Bitcoin

Casa - The leading provider of Bitcoin multisig key security.

Least Authority - Helping projects improve their security and build secure technology.-----WBD273 - Show Notes-----If you enjoy The What Bitcoin Did Podcast you can help support the show by doing the following:Become a Patron and get access to shows early or help contributeMake a tip:

Bitcoin: 3FiC6w7eb3dkcaNHMAnj39ANTAkv8Ufi2S

QR Codes: Bitcoin

If you do send a tip then please email me so that I can say thank youSubscribe on iTunes | Spotify | Stitcher | SoundCloud | YouTube | Deezer | TuneIn | RSS FeedLeave a review on iTunesShare the show and episodes with your friends and familySubscribe to the newsletter on my websiteFollow me on Twitter Personal | Twitter Podcast | Instagram | Medium | YouTubeIf you are interested in sponsoring the show, you can read more about that here or please feel free to drop me an email to discuss options.