Bitcoin Toxicity with Giacomo Zucco & Neil Woodfine

“It may be one shot, it’s important, the consequences on civilisation are huge, so we want to be over-cautious about not compromising the culture or the technical features of Bitcoin.”— Giacomo ZuccoLocation: SquadcastDate: Thursday 24th September Company: BHB Network & BlockstreamRole: Director & Marketing DirectorBitcoin can be a toxic place. Ask the wrong question or fall on the wrong side of an argument; the community can be vicious in its response. It is a daunting place with Bitcoiners not only clashing with altcoin projects but with each other regarding Bitcoin ideas too. Rarely a day passes without a fight of some kind exploding on Twitter.However, toxicity plays an important role. Bitcoin is a threat to the legacy financial system, and being decentralised; anyone can contribute. Bitcoin 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.Segwit2x highlighted how a group might choose to co opt Bitcoin with dangerous consequences. Radical scepticism is levelled against other projects, people and companies to ensure that no outside party can have a negative influence on the future of the best money we have ever had.So, what are the positives and negatives of toxicity in Bitcoin? When does toxicity cross the line and are there any unintended consequences?In this interview, I am joined by Bitcoin consultant and educator Giacomo Zucco and Neil Woodfine, Marketing Director for Blockstream. We discuss toxic Bitcoin maximalism, unintended consequences and politics within Bitcoin.This episode’s sponsors:Kraken - The best place to buy, sell & trade BitcoinBlockFi - The future of Bitcoin financial services Sportsbet.io - Online sportsbook & casino that accepts BitcoinCasa - The leading provider of Bitcoin multisig key security.Least Authority - Helping projects improve their security and build secure technology.-----WBD267 Show Notes: https://www.whatbitcoindid.com/podcast/bitcoin-toxicity-----If you enjoy The What Bitcoin Did Podcast you can help support the show my doing the following:Become a Patron and get access to shows early or help contributeMake a tip:Bitcoin: 3FiC6w7eb3dkcaNHMAnj39ANTAkv8Ufi2SQR Codes: BitcoinIf 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.