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February 19, 2025 · 1h 48m

BITCOIN REALISM: SCALING, GOVERNMENT CAPTURE, & THE LIGHTNING NETWORK | John Carvalho (THE Bitcoin Podcast)

"I think that what people need to realize is that bitcoins biggest enemy is the government… basically what we don't want is Bitcoin captured, and it CAN be captured. "

Cover art for BITCOIN REALISM: SCALING, GOVERNMENT CAPTURE, & THE LIGHTNING NETWORK | John Carvalho (THE Bitcoin Podcast)

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2 I think this is all just a temporary state that any amount of kind of 3 appeal or evangelism or intentional involvement of getting Bitcoin, 4 getting government involved in Bitcoin will be regrettable.

5 I have much more dire serious view about involving government in Bitcoin 6 because while a lot of the things you said are perfectly reasonable, 7 I think that what people need to realize is that Bitcoin's biggest enemy is the government.

9 And so we want them to be as ignorant and as blunt and primitive about how they 10 deal with Bitcoin as possible.

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I think white market Bitcoin is untenable.

I think this is all just a temporary state that any amount of kind of

appeal or evangelism or intentional involvement of getting Bitcoin,

getting government involved in Bitcoin will be regrettable.

I have much more dire serious view about involving government in Bitcoin

because while a lot of the things you said are perfectly reasonable,

I think that what people need to realize is that Bitcoin's biggest enemy is the government.

And so inviting them in is giving them power.

Show notes & resources

"I think that what people need to realize is that bitcoins biggest enemy is the government… basically what we don't want is Bitcoin captured, and it CAN be captured. "

On this Bitcoin Talk episode of THE Bitcoin Podcast , Walker talks with John Carvalho, CEO of Synonym. They discuss hard truths about Bitcoin scaling, ossification, the threat of the government capture and Strategic Bitcoin Reserves, shitcoining, and more.

JOHN'S LINKS:

Nostr: https://primal.net/p/npub13ndpm2hm9hud4azsq5euhf5mv3d05r90wymwxsd7rdn29609hhvqp60svh

X: https://x.com/BitcoinErrorLog

SYNONYM: https://synonym.to

PLAN B FORUM: https://rumble.com/v6k9td4-the-atomic-economy-beyond-centralized-systems-plan-forum-el-salvador-2025.html

THE Bitcoin Podcast Partners: