Bitcoin: A Year in Review with Matt Odell
Bitcoin: A Year in Review with Matt Odell
What Bitcoin Did with Peter McCormack

“I’m not trying to single out you. There are many, many content creators in the space, event planners in the space, that give rosier coverage to sponsors. And then when the sponsor rugs all of their audience they say ‘no one could have seen it coming, it wasn’t my responsibility.’ But meanwhile, there’s plenty of us that didn’t do that.”
— Matt Odell

Matt Odell is host of the Citadel Dispatch, co-host of Rabbit Hole Recap, venture partner at Ten31 and co-founder of Bitcoin Park. In this interview, we review 2022: the attacks on privacy, the reaffirmation of self-custody, how people who were treated like gods rekted the market, and the responsibility of Bitcoin podcasters in doing right by the audience.

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2022 has been brutal. First, tough lessons were learnt in trying to use Bitcoin for warranted privacy needs within North America. Then, we had our industry's very own global financial crisis when the tide went out and we saw how many of the supposed titans were swimming naked. So many people have been damaged, so many have been rekt.

The collateral damage to Bitcoin is unknown, but material. So much of that damage has come from malign and selfish actions by people who knew better. They have exploited a new form of money, which was meant to circumvent systemic centralized greed and corruption, to put into practice new more brutal forms of extraction than anything we witnessed in TradFi.

But, there are also those, whose actions have been made in good faith, who need to reflect on the events of the past year. We know where blame is centred, but how far does blame extend? Explicitly, what responsibilities do Bitcoin podcasters in general, and this Bitcoin podcaster in particular, have in regard to protecting and educating their audience?

2022 has been personally brutal for a whole range of reasons. But, it is now time for reflection. It is right therefore that, as a show that assesses and comments on the industry, the tables are turned and a light is shone on this show’s decision-making. There is nobody better than Odell to shine that light.

Fundamentally, it is the audience who will decide. I look forward to reading any comments listeners may have following one of the toughest podcasts I have hosted.

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This episode’s sponsors:
Gemini - Buy Bitcoin instantly
Ledn - Financial services for Bitcoin hodlers
Bitcasino - The Future of Gaming is here
Fidelity - Careers in crypto
Ledger - State of the art Bitcoin hardware wallet
Wasabi Wallet - Privacy by default

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WBD604 - Show Notes

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@cryosats
20,000 sats
11 Jan
Stay humble and stack sats ;)
@cryosats
20,000 sats
12 Jan
Great rip Peter. Keep building the orange army and I wish you and Danny and the team a fruitful 2023! ;)
@user7970671552812744
10,000 sats
18 Jan
Much respect for you after this episode. And much respect for what you see your role as and sticking to doing it better.
@user1898996627993484
10,000 sats
13 Jan
thanks peter. always helpful information
@letter6173
7,777 sats
12 Jan
disappointed I don’t see Matt’s name in the splitls for this episode’s donations.
@bon
13 Jan
looks like opensats got the highest split at 20% I bet that is what Odell wanted.
@petar
7,777 sats
14 Jan
When BlockFi couldn't keep paying you ad money and your gut told you to pull your personal money out, you had a moral obligation to announce to your fans that you've changed your position and were no longer are a BlockFi customer. Everyone deserves a second chance Peter but you must admit guilt before you get absolution.
@geneeverett
15 Jan
I’ve stopped following this guy. used to boost bud yea I call BS on em. you are more forgiving then me
@owenlewis
6,666 sats
19 Jan
Hold up…People aren’t skipping the ads? 😂
@user7184258083880772
27 Jan
yes I am skipping ads
@diesel
2,500 sats
26 Jan
loved the challenging, critical, self reflection. only way we improve
@meremortalspodcast
2,222 sats
17 Jan
I'm going to have to listen to more Matt after this. He's bang on right, V4V doesn't need to be an all in deal. But moving in that direction is the way to go if you don't want to deal with the headache of reputation by association. $120k a month for a podcast is getting up there as well, I imagine a fair chunk of that could be cut if the pain of misleading your audience is deep enough.
@maximus
1,031 sats
13 Jan
Difficult but worthwhile discussion. Matt threw some tough, but important questions. Peter you are not bullish enough on V4V and what ⚡️ is enabling. Here are some sats to help change that.
@btctotoro
1,000 sats
12 Jan
its rare and refreshing to hear civil disagreement and discussion. Thanks for this show, I think Matt has a point you should reflect on more with considering that a bitcoin education show needs to be very careful with taking sponsorship with bitcoin companies. I think he is right.
@southside
20 Jan
can Pete control his sponsors from getting REKT?
@mrmr
674 sats
12 Jan
rss feed doesnt work for me. never has.
@nzbitcoiners
12 Jan
You should use the clip button, it is really good.
@fannypacksats
500 sats
13 Jan
so raw, very much enjoyed the vulnerability and real-time processing
@tylertbtc
500 sats
14 Jan
thanks for taking the kick in the ass peter
@diesel
500 sats
26 Jan
great
@jimmysats
500 sats
11 Jan
citadel dispatch- episode 43. challenge yourself, build a better future for yourself and the people around you by learning. stay humble and stack sats
@dugandrupe
210 sats
13 Jan
Peter, yea doth protest too much about poor sponsor risk management. Compass was out of your control, but own your change of heart. implement a new sponsor criteria where sponsor aims are aligned with podcast aims. if you don’t recommend giving over your Bitcoin to someone you don’t know, maybe your sponsors shouldn’t recommend that.
@geneeverett
15 Jan
exactly! I’m not supporting this trash podcast anymore. ohhh sound harsh but he sold out his listeners.
@southside
169 sats
20 Jan
Listening for 2 years - not REKT from listening to this show and many others. do the work and use a hardware signing device, or non custodial Lightning wallet. ¯\_(ツ)_/¯
@lumor
100 sats
14 Jan
👍
@merryoscar
20 Jan
I hope by the 2023 year in review Value for Value payments on Fountain can gain significant ground compared to advertising revenue.