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Bitcoin Resilience: Episode 4
This episode covers bitcoin’s history of adversity/robustness and powers against it
Why it was supposed to fail so many times
We Discuss:
2010: Jeff Garzik identifies BTC code Overflow
2013: FBI Shuts down Silk Road:
2014: Mt Gox gets hacked –
2014: Bitcoin XT Created – fork from Bitcoin
2017: China goes hard against Crypto
2017: Bitcoin Cash Hardfork
2021: 🇨🇳China Bans
2022: Binance Hack
2022: FTX Collapse
2023: CZ Steps down as CEO of Binance
2023: Celsius Fraud Case
2024: German Government Bitcoin selloffs
2024: US Gov selloff of Bitcoin
2024: July Mt Gox Payouts to creditors
Final Thoughts
Keep in mind these are all crypto events and not all specifically pertaining to Bitcoin
Drop in the bucket of all the events that were supposed to take down Bitcoin
Over 100 fork attempts of Bitcoin since inception in 2008
Bigger Countries that have banned Bitcoin
China, Egypt, Russia (now legal in some forms), India, Qatar, Iraq, Turkey
Endless Crypto Exchange, wallet, and individual hacks since Bitcoin’s inception
There are over 20,000 alternative crypto currencies since BTC inception
The 20 top crypto currencies make up 90% of the market cap
Market cap of Bitcoin is $1.2 Trillion – more than 50% of total Crypto Market
Survival due to sound money
Finite – 21 million
Easily Transferrable
Easily Divisible
Self Custody anywhere
Decentralized
Secure
Redundant
Backed by energy
Backed by compute
Not a financial advisor – this is just my Bitcoinlens journey in to the world, geopolitics, global economy and everything impacted by & impacting Bitcoin. Make your own financial decisions.