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Bitcoin has been called a scam, a psyop, and “just another crypto.” Then the same world that mocked it started custodying it. So we brought on Tom Phillips, a long-time Bitcoiner and hands-on educator, to walk through the myths that keep smart people stuck on the sidelines and the mechanics that make Bitcoin different.

We get into the questions that actually matter: who invented Bitcoin, why Satoshi Nakamoto disappearing is a feature, and what “rules without rulers” looks like in practice. Tom breaks down proof of work in plain language, how it creates digital scarcity by anchoring Bitcoin to real-world energy, and why a blockchain without decentralization is basically a slow database. We also revisit the legendary early purchase stories (pizza, ice cream, and a painful “million dollar beeswax” lesson) to show how adoption and price discovery really happen.

From there, we go practical. We talk self custody and why “not your keys, not your Bitcoin” is the lesson people learn too late. We cover what you can actually do with Bitcoin, how US taxes work when you spend or sell, and why borrowing against Bitcoin is becoming a serious option for liquidity without giving up long-term upside. We even explore home mining and new heater and water-heater style miners that reuse heat while earning satoshis.

If you care about sovereignty, inflation protection, and real savings, this one will sharpen your mental model fast. Subscribe, share this with one friend who still thinks Bitcoin is “too late,” and leave a review with the biggest myth you want us to tackle next.

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