Last Time THIS Happened Bitcoin Exploded 20x (It's Happening Again!) | Simply Originals

**Simply Bitcoin** (0:00)
Back in 2017, one of the most dangerous periods in Bitcoin's history, the fork wars, actually became one of the most bullish. Bitcoin in that cycle ran from $200 in 2015 to $20K at the 2017 peak. And if you've been paying attention, you already know that history is rhyming again in a major way. We recently dropped an episode detailing the corruption at core, the op return and the proposed solutions in NOTS and BIP 110 Today, we're going to take a trip back in time with the Bitcoin legend who live documented all of it. And we're going to see all that we can learn about what's happening today from Bitcoin's history. And by the end of today's show, you're going to understand why this civil war taking place within Bitcoin is a massively bullish signal. We got a lot to cover, so let's get to it.

**ToneVays** (0:51)
Bitcoin The main reason to run a Bitcoin node is that you validate your own transactions to make sure that Bitcoin you're receiving are not being counterfeit, are not being double spend, and are not being directly tracked by someone else. That's the main reason to run a node, right? It's not to have a vote on what's best for the future of Bitcoin, right? I mean, it's great that the masses can vote for the right president, right? And how often does that work out, right? So believing that just because you run a node, you should decide, you should be the ultimate decider on what Bitcoin code is, I think is almost the right way to put it here.
Overplaying, man, I'm trying to think of the right words here, because everyone's going to take the shit out of context, as they always do.
To use a basketball analogy, people start to smell themselves just because they run a node. You run a node and suddenly, you think you know what's best for Bitcoin. People that build their nodes from scratch, people that didn't buy a node in a box, people that didn't go to CASA for their node, people that didn't go to Start9 for their node, people that actually built a node from scratch, I respect those people way more. Most of those people that built a node from scratch, have a way better understanding on what kind of power that node gives them, because they'll understand that that node gives them very little power. It gives them the power over validating their own transactions, and that's about it. But people have been convinced that just because you're able to spin up a node, that somehow you should be in control of the Bitcoin network, and that's a very dangerous precedent.

**Simply Bitcoin** (2:59)
Now, before we get into it, I want to tell you who we're going to be learning from today and why it matters, ToneBase. Some refer to him as ToneBased. But look, Tone was one of the first people I ever actually learned Bitcoin from early on when I was going down the rabbit hole, trying to figure out what was real, what was noise, who actually knew what the hell they were talking about. Tone kept showing up. Clear, consistent, zero bullshit. The kind of guy who doesn't care if you agree with him. He's going to tell you what he sees. That's it. That's exactly how Dr. Jack is as well, and exactly why I will try to learn everything I can from them whenever they chime in. I think you should too. And why? Because you know it's their genuine, authentic belief, and they don't give a about what you may think or what makes you uncomfortable. And that's part of the reason they are legends. Legends disagree. Iron sharpen iron. About a year ago, I flew out to Alaska to MC a conference. I met Tone in person, spent some real time with him, played poker. The dude's an incredible chef. He fed like 30 people in a B&B. It was incredible. I thought I had a decent grasp on Bitcoin's history before picking his brain and realizing I had maybe a 30% picture. Maybe because there is a difference, a real significant difference between reading about something and sitting across from someone who was actually in it, who had the arguments live, who watched the agreements get made and broke it in real time, who documented every move as it happened. That's what makes this thread special. Tone didn't just remember the Fork Wars. He live tweeted them, every key vote, every broken deal, every fake node, every bombshell as it happened. And here's my thing. I'm not here to tell you what to think. I'm not here to tell you what client to run. That's not me. That's not what I do. I'm here to inform you so you can build your own full picture, your own understanding, your own convictions, because the people who were there, who lived it, those are the people worth listening to. So strap in, and don't forget to smash that like button and hit that subscribe. Bitcoin in early 2015 was sitting at around 150 bucks, down from 1,100 at the 2013 peak. Most people had written it off entirely. And a small group of very powerful interests, mining conglomerates, developers with agendas, venture-backed companies who raise money on the promise of building the blockchain ecosystem, decided if they couldn't own Bitcoin's price, they would own its protocol, control the code, set the rules, make Bitcoin do what they wanted it to do.