Bitcoin Will Always Change with Junseth - WBD682

Junseth is an OG Bitcoiner and the former co-host of Bitcoin
Uncensored. In this wide ranging interview, we discuss Bitcoin
volatility and it’s repetitive cycles, the ossification of the
Bitcoin protocol and the current state of development, Bitcoin
anonymity and privacy, the profitability of mining, and Bitcoin’s
future as an alternative to traditional money in a world of
global collapse.


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Bitcoin’s development over the past 14 years has been both
phenomenal and revelatory. Apart from Hal Finney, nobody saw its
significant influence on the energy sector. Furthermore, nobody
foresaw the impact of ordinals. That’s why, as we contemplate the
potential for Bitcoin to enter a new and significant bull market
cycle, questions as to what Bitcoin is and will become are as
fascinating as at any time since its launch in January 2009.


The debates over the protocol's conservative development are as
impassioned as ever. Questions over the persistence of Bitcoin’s
price cycles continue to produce significant amounts of content.
The complex challenges of maintaining privacy, and the associated
misconceptions of average users, endure. The resilient strength
of the mining industry never ceases to amaze.


However, the bigger picture is still focused on the singular
issue of the basic right to transact. The traditional notion of
currency control places the state as the arbiter of money. Yet,
the past decade has witnessed central banks exerting ever greater
control of financial systems and the weaponisation of money by
the state. Bitcoin was designed as a vital alternative as trust
in traditional processes erodes.


Given its power to disintermediate powerful centralised
institutions, the primary concern of Bitcoiners is whether
governments will seek to control, limit or ban it. Bitcoiners
believe that the state's regulation of money should be limited,
allowing individuals to freely hold and transact any form of
currency. Further, these rights should be codified into a Second
Amendment right to hold Bitcoin. We’re back to the cypherpunk
philosophy: freedom to transact is freedom of speech.


 


This episode’s sponsors:


Iris Energy - Bitcoin Mining. Done Sustainably
Ledn - Financial services for Bitcoin hodlers
Bitcasino - The Future of Gaming is here
Ledger - State of the art Bitcoin hardware wallet
Wasabi Wallet - Privacy by default
Unchained - Secure your bitcoin with confidence