Aaron Day
👤 PersonAppearances Over Time
Podcast Appearances
Yes, yes. Hold on, turn off my loud air. Yeah, so this one's from Aaron Day, and it's about Roger Ver is facing a tax case so absurd it's clearly retaliation. Charged as a non-citizen for taxes he didn't owe, he's being punished for empowering individuals and challenging central banks. Stand with the anti-bill gate at freerogernow.org.
Yes, yes. Hold on, turn off my loud air. Yeah, so this one's from Aaron Day, and it's about Roger Ver is facing a tax case so absurd it's clearly retaliation. Charged as a non-citizen for taxes he didn't owe, he's being punished for empowering individuals and challenging central banks. Stand with the anti-bill gate at freerogernow.org.
Yeah, the other one that I posted, it's an excerpt from a tweet from a guy named Amir. And he's basically defending Roger, even though he said that Roger is actually, I believe they had been in a lawsuit before that Roger sued him for $2 million. But he's saying, but that doesn't matter now since we're all libertarians and we must stick together. Crypto is under attack.
Yeah, the other one that I posted, it's an excerpt from a tweet from a guy named Amir. And he's basically defending Roger, even though he said that Roger is actually, I believe they had been in a lawsuit before that Roger sued him for $2 million. But he's saying, but that doesn't matter now since we're all libertarians and we must stick together. Crypto is under attack.
So it's a defense of him from someone who had been sued by him that's trying to defend him on principle.
So it's a defense of him from someone who had been sued by him that's trying to defend him on principle.
Thank you for having me.
Thank you for having me.
Sorry, Drew. Aaron R. Day. Yeah. I don't want to mess people up on the podcast.
Sorry, Drew. Aaron R. Day. Yeah. I don't want to mess people up on the podcast.
Well, Bitcoin initially was a serious threat to central banks. I actually learned about Bitcoin in 2012 from Roger at a Free State Project conference called Liberty Forum. And in the early days, when I first received my first Bitcoin, it was faster, cheaper and easier to use than anything coming from the traditional financial system.
Well, Bitcoin initially was a serious threat to central banks. I actually learned about Bitcoin in 2012 from Roger at a Free State Project conference called Liberty Forum. And in the early days, when I first received my first Bitcoin, it was faster, cheaper and easier to use than anything coming from the traditional financial system.
And you have to remember, Bitcoin was released just after the 2008 financial collapse. And so this is when people were worried about the banks and understood that banks always seem to get bailed out and that central banks are funding all of these wars all over the world. And so people started using it. I started using it in 2012 for day-to-day purchases. And by about 2017, it became very popular.
And you have to remember, Bitcoin was released just after the 2008 financial collapse. And so this is when people were worried about the banks and understood that banks always seem to get bailed out and that central banks are funding all of these wars all over the world. And so people started using it. I started using it in 2012 for day-to-day purchases. And by about 2017, it became very popular.
Large retailers like Overstock.com, Expedia and Microsoft were taking Bitcoin directly through their websites. And this is when the price really started to surge. But then all of a sudden, and as Roger outlines in his book, Hijacking Bitcoin, a small group of people decided to basically hijack Bitcoin
Large retailers like Overstock.com, Expedia and Microsoft were taking Bitcoin directly through their websites. And this is when the price really started to surge. But then all of a sudden, and as Roger outlines in his book, Hijacking Bitcoin, a small group of people decided to basically hijack Bitcoin
And instead of doing what Satoshi outlined in the white paper, which is basically allow for large blocks, meaning that you can have a large number of transactions happening every 10 minutes, they decided to keep it artificially small, the block size, and limited the total number of transactions to basically seven transactions per second.
And instead of doing what Satoshi outlined in the white paper, which is basically allow for large blocks, meaning that you can have a large number of transactions happening every 10 minutes, they decided to keep it artificially small, the block size, and limited the total number of transactions to basically seven transactions per second.
So right at this critical time, when people were actually using Bitcoin for commerce, the transaction fees jumped to about $50, and it was taking about 10 days to actually complete a transaction. So this completely destroyed the use case for Bitcoin as digital cash and as something that could be competitive to central banks or a central bank digital currency.
So right at this critical time, when people were actually using Bitcoin for commerce, the transaction fees jumped to about $50, and it was taking about 10 days to actually complete a transaction. So this completely destroyed the use case for Bitcoin as digital cash and as something that could be competitive to central banks or a central bank digital currency.