Hello Jordan,\u00a0 I watched your recent show with the gentlemen discussing the investment thesis of Bitcoin and waxing on about hard money and other such superlatives while comparing Bitcoin to a digital gold. My goal is to give you a contrarian view about Bitcoin with some often-ignored facts, while respectfully disagreeing with many of the Bitcoin premises of your guests. However, I would view them as allies in the cause of freedom of speech, generally.\u00a0 Hard money Every BTC advocate fancies themselves a neo-Rothbardian; replacing \u201cgold\u201d with \u201cBTC\u201d and hoping that people do not dig too deeply into the concepts of Gresham\u2019s Law or Lindy Effect to understand that in both examples, BTC should collapse, and its value should filter toward gold and other precious metals. But their main point is that of socially enforced scarcity of BTC sticking permanently to \u201c21 million\u201d which is a number that their ilk tout endlessly. Unfortunately, that\u2019s plainly disingenuous as there are 21 million tranches of 100,000,000 units in the Bitcoin ledger. Satoshi called them \u201ccents,\u201d while modern bitcoiners typically call them \u201csats\u201d as a short for \u201cSatoshis\u201d as the smallest unit of account on the ledger. All that to say that the \u201c21 million\u201d scarcity discussion is itself a bit of smoke and mirrors. There are 2.1e15 units in Bitcoin, and its promoters should be honest about the supply. The other aspect of hard money that they ruthlessly defend is BTC\u2019s 12 years of consensus among nodes. This is also a half-truth wrapped in more social enforcement. Bitcoin has never had a consistent, four-year block of consensus without a major change in protocol, centralized enforcement of a fundamental change or malicious change in governance. A hard money needs provenance, acceptance over time and proof that it is impervious to mob rule and social consensus. On that point, BTC has failed miserably, and I\u2019ll illustrate a few examples of this:\u00a0 2010: An anonymous actor generated a malicious block which heavily inflated the supply of Bitcoin. Under the directive of Satoshi Nakamoto, Bitcoin was rolled back and the history of the ledger was changed in order to prune out the block that was deemed invalid. 2011: Governance of Bitcoin is by honest nodes who validate rules by building blocks. In 2011, a system for changing Bitcoin was introduced by setting \u201cflag days\u201d and the \u201cBitcoin Improvement Proposal\u201d process, commonly called a \u201cBIP.\u201d This removed Bitcoin\u2019s fundamentally work-based rule enforcement and changed it into a socially enforced democracy. This was a major coup against the system.\u00a0 2013: An attempted software update caused an incompatible split of Bitcoin, essentially creating two chains, one of which should have been forced to orphan the other. The longest chain with the most proof of work (a cornerstone metric for deciding bitcoin under duress) was orphaned by software developers who called up node operators and told them to switch to the older, less secure version of the chain. This was arguably the death of the original Bitcoin. In fact, to this day, BTC nodes cannot truly synchronize back to 2009 because of the bug in this event and the hackneyed tricks that made it go away.\u00a0 2016: Bitcoin transactions were changed from observing the \u201cfirst seen rule\u201d which allowed for small inexpensive transactions to be acceptably safe for commerce, and it required users to wait for block confirmations (roughly ten minutes). The new change was called \u201cReplace by Fee\u201d or \u201cRBF\u201d and allowed users to be able to change the destination of bitcoins even after they had sent transactions so long as they had not already been mined\u2014making Bitcoin impractical as a payments tool.\u00a0 2017: Out of a desire to seize the means of production, social justice warriors launched a social campaign to cancel the biggest businesses and capitalists in the Bitcoin economy. They were banned from all forums, and their \u201cUser Activated Soft Fork\u201d governance model was instituted in order to replace Bitcoin\u2019s definition from an unbroken chain of digital signatures and turn it into an optionally trusted hash which attests to the existence of signatures while removing them from the weight of Bitcoin blocks.\u00a0 Rather than being a hard money, set in stone and accumulating provenance, the changes are nearly constant. And through a similar process as that of 2017, this coming November, the entire signature schema of the network is going to be fundamentally altered yet again in an upgrade called \u201cTaproot\u201d which is another very aggressive change to the protocol. Fortunately for the SJW group that manages BTC, all dissenters have been removed by force from their conversations, so this incredible undermining of the soundness of the system looks like it will pass almost as certainly and unanimously as the laws in North Korea.\u00a0 Another path During the era of the \u201cBitcoin Civil War\u201d which came to a head in 2017\u2019s UASF revolution, the bitcoiners who fought to keep Bitcoin sound, unchanged and set in stone in accordance with the Bitcoin white paper were cast into a sort of exile with the unchanged ledger of bitcoin\u2019s history. The mainstream of Bitcoin was subverted by tyrannical technocrats, but the original protocol was left in the hands of a collective of advocates who would make Edmond Dant\u00e9s rattle his sabre in support.\u00a0 Sparing you the long story, today, the original governance model, unbroken signatures and most complete ledger of bitcoin\u2019s truth has been restored by the implementation of the BSV Blockchain. It is the Bitcoin protocol without hyphens, without limits and without governance by a mob of wavering social consensus. That restoration makes possible a truly sound money, and it includes the return of the programming and computation tools of the original bitcoin which make a globally available, public supercomputer accessible for every economic actor on earth. Oh! And the protocol is set in stone, never to be changed so it can accumulate true provenance as a hard money.\u00a0 None of this is without consequence, however. The BTC social justice warriors and highly polished social engineers are waging an information war in order to cancel the publication of any knowledge about BSV\u2019s superlatives. They have plastered all corners of the internet with deliberate misinformation about the Bitcoin protocol, rules-based governance, the role of humans, liberty and law in a just society and all of the people who have sought to build a freer world outside of their sphere of purity tests and heavy-handed leadership.\u00a0 For these reasons, Jordan, I ask you to dig deeper.\u00a0 Look past the mainstream facade of \u201cBitcoin\u201d the hype-filled, mainstream investment opportunity, and look instead at those of us who seek to see the world become more honest and more free because of the unbounded power of predictable incentives of bitcoin on the BSV blockchain.\u00a0 My DMs are open at @kurtwuckertjr on Twitter.