The Easiest Way To Weaken A Movement | Simon Dixon
PART 1Simon Dixon returns for his fourth appearance to discuss why Bitcoin self-custody feels under siege.
We cover the Coldcard vulnerability and the Ledger supply chain attack, whether they are opportunistic hacks or something more deliberate. We also get into European crypto tax moves, China’s role in Bitcoin mining and the shift of miners into AI data centers, and what Bitcoin can learn from China’s governance model.
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CHAPTERS
00:00 - Intro
00:36 - Is self-custody under attack? Ledger and Coldcard
11:08 - Why Coldcard was the perfect target
12:32 - Does Coldcard deserve a second chance?
14:31 - Arrogance, intelligence agencies and infiltration
16:15 - Does Coldcard have powerful backing?
20:50 - Why Europe is circling Bitcoin: unrealized gains tax
22:36 - Is China relaxing its Bitcoin mining rules?
24:12 - The China ban and state control of mining
30:23 - Miners pivoting to AI data centers
33:18 - Do forks and ideological battles strengthen Bitcoin?
35:06 - Keeping every fork vs. rejoining the fold
38:50 - BIP110, Knots and holding out
49:53 - Divide and conquer: Thiel, Crata and Bitcoin
53:53 - What Bitcoin can learn from China
59:50 - China's incentive structure vs. financial influence
01:04:08 - India vs. China: libertarianism and competent government
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