Dan Held

speaker

605 appearances 1 recordings 1 series first heard Jul 2026 last heard 13 Jul

Dan Held’s voice in public audio — every appearance, attributed to the second.

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Recordings per month over the last 12 months — 1 in all, peaking in Jul 2026 with 1.

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Bankless · Is Bitcoin Going According to Plan? Gold, Saylor, Satoshi | Dan Held · 13 Jul 2026 podcast

That means once I make a payment, it can't be reversed.

So it's irreversible.

That's what a cash transaction is like.

If I pay you cash for your plant in the background, you can't ask for that back unless you want to give it back.

So it means it's irreversible and usually means that it's private.

Between the two parties, yeah.

Yeah, that was a big component that the cypherpunks really cared about.

Now, Bitcoin is pseudonymous.

We don't know which Bitcoin address, who owns which address.

But if we ever de-anonymize, if you've owned an address, then we can trace through the blockchain and probably figure out some of your ownership.

But it is still difficult.

It's not easy.

And you can do coin joins.

You can do all sorts of other obfuscation, you know, Lightning, which is a Bitcoin L2.

You know, that channel activity is largely anonymous.

But for the cypherpunks and Satoshi, that was actually a critical component with the idea that Bitcoin would be semi-private or fully private.

That's what the word cash means.

Not cash in your pocket, not that pay for everyday stuff.

Now, Satoshi, of course, does reference merchants and paying for things, but the word cash does not represent that because he's writing this to the cypherpunks.

The privacy issue, though, very early on, Satoshi in his writing both on the forums, the peer-to-peer foundation forums rather than Bitcoin talk forums, but also there, he mentions that privacy is a good thing.

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