Hijacking Bitcoin: The Hidden History of BTC

Description

Ver ("Bitcoin Jesus") is a "big blocker".

cited in: Ep.495: Crypto Week Exposed: The Tokenization Tyranny Unleashed @ 39:12; cf. Technocracy.news, Courtenay Turner, "The Phoenix Conspiracy: How Silicon Valley’s Shadow Network Is Engineering America’s Constitutional Collapse".

foreword by Jeffrey Tucker (of his newer Brownstone Institute); cf. "What happened to Bitcoin?"

audiobook 🧲🔗

ch. 7 "The Real Cost of Big Blocks" (ref:14.1-34) shows calculations showing average users can already support 5,000 transactions per second.

ch. 9 (ref:16.1-50) is an excellent criticism of the Bitcoin Lightning Network (BLN).

ref:27.11: "UASF had no traction at the beginning, but it eventually gained supporters after the most extreme small-blockers took up the cause, people like Samson Mow, the CSO of Blockstream, and Luke Dashjr, a Blockstream contractor."

Caterino Tommaso, T.O.P., [22/07/25 19:12]
@Luke_Dashjr What do you think of Roger Ver's Hijacking Bitcoin (April 2024) and its characterization of "Luke Dashjr, a Blockstream contractor" as among "the most extreme small-blockers"?
Ver's history of the politics surrounding ₿ is good, but I don't entirely agree with his anti-small-block thesis.

Luke, [22/07/25 19:23]
Ver's history is mostly bad, actually. I wouldn't trust anything in his books.

Luke, [22/07/25 19:24]
I'm certainly in the most extreme "camp" of small blockers, though

Jonathan Bier, The Blocksize War: The Battle Over Who Controls Bitcoin's Protocol Rules might is better and more technical.

Week of July 14, 2025, was "crypto week" for 🇺🇸 Congress:

• H.R.3633 - Digital Asset Market Clarity Act of 2025
• H.R.5403 - CBDC Anti-Surveillance State Act
• S.394 - GENIUS Act of 2025

Bitcoin was promised to be a liberating technology, a free market alternative to state-controlled money. But that promise was broken after a small group of insiders took over the project and fundamentally changed Bitcoin's design. Few people know the true history of Bitcoin and its original design due to years of heavy censorship, social media engineering, and tight information controls online. Hijacking Bitcoin destroys the most popular narratives that surround Bitcoin and sets the historical record straight. Roger Ver's passion and pain come through as he tells the story of a beloved project corrupted in front of his eyes. Written by one of the most prominent figures in the cryptocurrency industry, this book is impossible to ignore. From the inside flap: Bitcoin has been captured and changed for the worse. That's the undeniable conclusion of Hijacking Bitcoin. Chocked full of history and inconvenient truths, this book goes on a myth-busting rampage against the most popular narratives that surround BTC. Is Bitcoin truly decentralized? Is it supposed to be digital gold or digital cash? Did the original design really have scaling problems? Roger Ver addresses these questions head-on and provides uncomfortable answers. Roger Ver is the world's first investor in Bitcoin startups and has been a prominent name in the cryptocurrency industry since the beginning. Yet, as he confesses in the introduction, this book is not a love story. It's a devastating exposé of the corruption, propaganda, and centralization of power in Bitcoin.

12 Warning Signs

07/21/2512 Warning Signs : 146

Peter Todd put out an animated video entitled “Why the blocksize limit keeps Bitcoin free and decentralized.”

07/22/2512 Warning Signs : 160

Satoshi is not the only shadowy figure. John Dillon is another, and not much is known about him. Dillon was the man who offered to pay $1,000 to develop the replace-by-fee patch proposed by Peter Todd.

13 Blocking the Stream

07/22/2513 Blocking the Stream : 178

Henri de Castries might just be the most powerful man in the world. He is chief executive and chairman of one of the world’s biggest insurers, Axa, and a member of France’s illustrious noble house of Castries. But De Castries is also chairman of the Bilderberg group, a collection of political and business leaders from Europe and North America that meets in private every year to debate “megatrends and major issues facing the world” – or which is secretly running the world if you are a conspiracy theorist.18

07/22/2513 Blocking the Stream : 179

It could be a delightful coincidence that Blockstream was funded by a venture capital firm whose parent company is one of the largest financial companies in the world, whose CEO is the chairman of the Bilderberg group.

17 Hotwired for Settlement

07/22/2517 Hotwired for Settlement : 236

This is an important and fundamental property of Bitcoin… [O]ne miner alone, operating on a different set of rules, would produce blocks that are rejected by other miners. They wouldn’t earn any reward for their efforts.

18 From Hong Kong to New York

07/22/2518 From Hong Kong to New York : 242

February 20th, an agreement was reached, now called the “Hong Kong Agreement” or “HKA.”7 The two key components of the HKA were:
1) A hard-fork upgrade to raise the blocksize limit to 2MB.
2) A soft-fork upgrade to enable SegWit.

Did the hard fork blocksize increase occur?

19 The Mad Hatters

07/22/2519 The Mad Hatters : 259

UASF had no traction at the beginning, but it eventually gained supporters after the most extreme small-blockers took up the cause, people like Samson Mow, the CSO of Blockstream, and Luke Dashjr, a Blockstream contractor.

07/22/2519 The Mad Hatters : 259

Luke Dashjr, a Blockstream contractor

24 Conclusion

07/23/2524 Conclusion : 315

For example, if half a billion people are transacting with Bitcoin Cash twice a day, that’s one billion daily transactions. With a $0.01 fee per transaction, that’s around $10 million per day of revenue, or over $3.5 billion per year split among miners. This provides a great incentive to keep scaling the network indefinitely.

Sounds like inflation!