TBG-235

$16,000 - Transaction Censorship - Encryption Backdoors - Apple should buy

November 13, 2020 · YouTube · All episodes
TBG-235 cover frame

Where the panel landed

Was Bitcoin’s return to $16,000 a genuine shift in adoption, or simply the old media cycle discovering Bitcoin again after the institutions had already moved?

The panel agreed that Bitcoin had not returned because it had never left, though Christian said it was clearly back in the public eye. Josh warned that mainstream media usually arrives late and offers investment attention only after the move is already visible. Thomas framed the moment with dry caution: big money and big companies were now involved, which meant Bitcoin would never go down again until it did.

PessimisticMixedOptimistic
The panel expected higher long-term prices and stronger adoption, even while noting short-term corrections, government pressure, and platform control risks.

What they were watching

The directional consensus was higher over time, with Bitcoin discussed at $16,000 and the old $20,000 high still ahead. Josh expected the next week to be probably higher, Christian allowed for a small correction first, and Thomas was openly bullish in the short term. The price conversation was tied less to a single catalyst than to returning public attention, corporate buying, and the renewed language of Bitcoin being “back.”

Bitcoin at $16,000

The opening segment asked whether Bitcoin was “back” after passing $16,000 and returning to television coverage. Josh said it never went away and warned that mainstream media often arrives late, while Christian said it was now back in the public eye because professional investors and companies were being covered seriously. Thomas captured the old cycle: it is different this time, until it is not.

Next week’s price direction

The exit question produced a mostly bullish read. Josh said it would probably be higher, while Christian expected a possible short-term correction but higher levels over the longer run. Thomas called himself always bullish and expected a higher price by the following week.

Mining pools and transaction censorship

The panel discussed a new mining pool claiming tools for OFAC-compliant transaction censorship. Christian dismissed the technical novelty, saying a pool choosing transactions was not difficult and the real challenge would be coordinating enough hash rate to make censorship effective. Josh agreed that censored transactions would simply wait for a non-filtering pool, possibly with higher fees, while Thomas saw the proposal as another newcomer’s attempt to fix Bitcoin by adding censorship.

Encryption backdoors and Bitcoin

The European Union encryption draft led to a broader discussion of privacy, surveillance, and the government’s desire for access. Christian said Bitcoin shows that decentralized technology can route around controlled legacy systems, while Josh argued that anti-encryption rhetoric relies on emotionally charged crimes even when attackers may not use encryption at all. Thomas placed the issue in a longer pattern: new communications technologies begin open and are slowly narrowed by governments and institutions.

Apple’s M1 and controlled computing

The Apple M1 segment asked whether the future computer is secure, updated, and always reporting home. Christian said Apple was extending the tight iPhone model into desktop and laptop computing, making open hardware and open software more important over time. Josh argued that large technology companies will always seek more power, though technical users may route around phone-home systems, while the mass public likely will not care.

Privacy nobody notices

The panel’s exit question on Apple privacy produced a bleak consensus. Josh said most people would not care, and Christian said people would accept the monitoring as long as it was sold as product improvement rather than advertising. Thomas summarized the consumer tradeoff with battery life: convenience wins quietly.

Should Apple buy Bitcoin

The corporate treasury segment asked whether Apple should follow MicroStrategy and Square by buying Bitcoin. Christian noted that “cash is trash” was becoming common language among classical investors, though Apple’s environmental branding could make Bitcoin awkward. Josh mocked Apple’s lack of recent product invention and said it should spend on research and development, while Thomas argued that Apple buying Bitcoin would complete a historical circle after years when Bitcoin wallets were banned from the App Store.

Podcasting 2.0 and streaming sats

Adam Curry’s Podcasting 2.0 and Lightning integration became the most constructive technology segment of the episode. Christian connected it to his own podcasting history and described value-for-value payments, RSS extensions, Sphinx integration, and Raspberry Blitz support as a serious attempt to attach money directly to media. Thomas recalled early Bitcoin QR-code donation ideas, ProTip, Tallycoin, and RSS as open infrastructure for creators.

RSS as the missing web habit

Josh argued that RSS never really left but had been deliberately pushed aside by Google and Facebook because it let users choose their own sources. He urged people to return to blogs and feeds instead of posting everything inside social platforms. The segment tied podcast payments to a broader desire to re-decentralize publishing.

Gold, lockdowns, and home entertainment

In the closing stories, Josh noted movement on Valtoro as people hedged between Bitcoin and gold while prices rose. Thomas recommended films and shows for people stuck at home under lockdown and promoted Bitcoin and Games playing Among Us. The close was lighter, but still set inside the same environment of lockdowns, markets, and screens.

I mean, it never went away.— Josh Gagalla
Bitcoin is back.— Christian Rutzel
It's not big tech they were developing.— Christian Rutzel
You can a minor chooses which transactions they want to include in their block— Josh Gagalla
cash is trash— Christian Rutzel
we need RSS back— Josh Gagalla

Story of the Week

Bitcoin returns to public attention

The dominant story was Bitcoin crossing $16,000 and re-entering mainstream news coverage after years of quieter building. The panel treated the media rediscovery as predictable, late, and somewhat comic, because Bitcoin’s network, users, and companies had not disappeared during the bear years. What changed was the audience: CNBC, German media, professional investors, and corporations were now telling the public that Bitcoin was serious again. The episode’s other topics — mining censorship, encryption backdoors, Apple control, corporate treasuries, and Lightning podcasting — all orbited the same point: Bitcoin was becoming harder to ignore, and therefore harder to leave alone.

I mean, it never went away.— Josh Gagalla
The episode ended with Bitcoin back on television, Apple closing the machine, and RSS waiting in the corner like a public library card.
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