Uploaded July 2025 | Updated September 2026, 1 week ago
In this episode, OG Bitcoiner Alp reflects on Bitcoin’s transformation from a fringe libertarian experiment to a mainstream political tool. They discuss the dilution of early Bitcoin culture, the lingering identity crisis among mid-cycle adopters, the myth of ongoing existential threats, and the shift from cypherpunk ideals to nation-state interests. Alp shares his skepticism of Bitcoin's co-option by U.S. political movements and emphasizes that while Bitcoin is no longer underground, its core functionality and value remain intact. Enjoy!
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Follow Alp: https://x.com/alpacasw
Follow Rizzo: https://x.com/pete_rizzo_
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Supply Shock Newsletter: blockworks.co/newsletter/supplyshock
Supply Shock Survey: bitcoinhistorynl.beehiiv.com/forms/979475d9-fb4b-4c13-99af-5037dd5718c6
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Join us at Digital Asset Summit in London October 13-15. Use code SUPPLY100 for $100 OFF
blockworks.co/event/digital-asset-summit-2025-london
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Ledger, the global leader in digital asset security, proudly sponsors Supply Shock. As Bitcoin adoption grows, Ledger celebrates 10 years of securing over 20% of the world’s crypto. Buy a LEDGER™ device now for true self-custody and peace of mind in securing your Bitcoin. Devices are also available in Bitcoin orange. For every device ordered in BTC Orange, we’ll donate $5 to brink.dev. Buy now at https://Ledger.com.
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Timestamps:
00:00 Introduction
06:04 Bitcoin’s Changing Culture
09:56 Ledger Ad
10:43 Bitcoin’s Contrarian Mindset
16:46 Evolution of Bitcoin Upgrades
20:26 Unpacking Bitcoin Knots
24:45 Future of Bitcoin & Political Implications
26:13 Ledger Ad
27:00 Future of Bitcoin & Political Implications
28:13 Currency Competition, Tether & Dollarization
29:55 US Politics & Bitcoin
32:14 Stablecoins & the Financial System
36:59 Bitcoin's Role in America's Debt Problem
48:46 The Cypherpunk Dream & Bitcoin's Future
52:31 Final Thoughts
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Disclaimer: Nothing said on Supply Shock is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are opinions, not financial advice. Hosts and guests may hold positions in the companies, funds, or projects discussed.
#Bitcoin #Crypto #SupplyShock
In this episode, OG Bitcoiner Alp reflects on Bitcoin’s transformation from a fringe libertarian experiment to a mainstream political tool. They discuss the dilution of early Bitcoin culture, the lingering identity crisis among mid-cycle adopters, the myth of ongoing existential threats, and the shift from cypherpunk ideals to nation-state interests. Alp shares his skepticism of Bitcoin's co-option by U.S. political movements and emphasizes that while Bitcoin is no longer underground, its core functionality and value remain intact. Enjoy!
—
Follow Alp: https://x.com/alpacasw
Follow Rizzo: https://x.com/pete_rizzo_
Follow Supply Shock: twitter.com/SupplyShockBW
Follow Blockworks: twitter.com/Blockworks_
Supply Shock Telegram: https://t.me/+SpmLg6P_QcgxNDcx
Supply Shock Newsletter: blockworks.co/newsletter/supplyshock
Supply Shock Survey: bitcoinhistorynl.beehiiv.com/forms/979475d9-fb4b-4c13-99af-5037dd5718c6
—
Join us at Digital Asset Summit in London October 13-15. Use code SUPPLY100 for $100 OFF
blockworks.co/event/digital-asset-summit-2025-london
—
Ledger, the global leader in digital asset security, proudly sponsors Supply Shock. As Bitcoin adoption grows, Ledger celebrates 10 years of securing over 20% of the world’s crypto. Buy a LEDGER™ device now for true self-custody and peace of mind in securing your Bitcoin. Devices are also available in Bitcoin orange. For every device ordered in BTC Orange, we’ll donate $5 to brink.dev. Buy now at https://Ledger.com.
—
Timestamps:
00:00 Introduction
06:04 Bitcoin’s Changing Culture
09:56 Ledger Ad
10:43 Bitcoin’s Contrarian Mindset
16:46 Evolution of Bitcoin Upgrades
20:26 Unpacking Bitcoin Knots
24:45 Future of Bitcoin & Political Implications
26:13 Ledger Ad
27:00 Future of Bitcoin & Political Implications
28:13 Currency Competition, Tether & Dollarization
29:55 US Politics & Bitcoin
32:14 Stablecoins & the Financial System
36:59 Bitcoin's Role in America's Debt Problem
48:46 The Cypherpunk Dream & Bitcoin's Future
52:31 Final Thoughts
—
Disclaimer: Nothing said on Supply Shock is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are opinions, not financial advice. Hosts and guests may hold positions in the companies, funds, or projects discussed.
#Bitcoin #Crypto #SupplyShock
