Should Satoshi’s Coins Be Frozen? | Rob Hamilton artwork

Should Satoshi’s Coins Be Frozen? | Rob Hamilton

What Bitcoin Did

April 21, 2026

“Bitcoin’s values are easy to defend until they become inconvenient.” Rob Hamilton returns to the show to get into Bitcoin as a hero’s journey, and why its next great test may already be here.
Speakers: Rob Hamilton, Danny Knowles
**Rob Hamilton** (0:02)
Bitcoin is this somewhat of a hero's journey. It is a call to adventure in this technological cyberspace world. This very powerful tool for self-sovereignty and a check on government's authority over your life. It's a global, universal story, and it's something that everyone gets different value out of. And you constantly have tests.
Every day, you hold Bitcoin as a test.
There's plenty of post-quantum algorithms that have been proposed that a classical computer can trivially break. You could be bullied into putting in broken cryptography into Bitcoin. Everyone's just kind of throwing stuff against the wall right now and seeing what sticks.
You have to go from 15 to 2 to the 256 before this is actually a problem. It's almost like people are setting up a chessboard, like the boards being, like the pieces are being laid out on the board right now. And we'll see where the trajectory of these things go.

**Danny Knowles** (0:56)
How's it going, man? It's good to see you.

**Rob Hamilton** (0:58)
Doing well. How are you?

**Danny Knowles** (0:59)
I am doing good. This is a show that we've been promising to make for a long time. I think we first talked about doing the hero's journey in Bitcoin like six months ago.
And finally, we are here. We're going to do it.

**Rob Hamilton** (1:12)
I think it's even longer than that. I originally thought of this as a concept show when Pete used to still run the show.

**Danny Knowles** (1:17)
Oh, there you go.

**Rob Hamilton** (1:18)
And then I brought it back to you. So, you appreciate me, though, for my think-boying and not just my technical chops, whereas Pete brought me in as his nerd to come in and explain all that stuff.

**Danny Knowles** (1:33)
Well, not originally. Your original appearance on What Bitcoin Did was a think-boy show about a piece that Eric Weinstein wrote.

**Rob Hamilton** (1:41)
That is true. I was just playing it up because Pete's not here to talk about it.

**Danny Knowles** (1:45)
That's right.

**Rob Hamilton** (1:46)
That was August of 2021
That was my first podcast appearance ever, really. It was before Anchor Watch and everything else. And then we just saw each other like three weeks ago in Bedford. We were just there at Chico too. That was awesome. It came up again because for those who have watched the talks from the show, American Hottel did that talk at the end about this is not an interview, this is an intervention. And I made the point to Hottel and you before it all started that Pete was kind of absconding on the end of the hero's journey by stepping away from Bitcoin. So that can maybe be a little bit of a preview jump off point.

**Danny Knowles** (2:27)
Yeah, I think we need to explain what the hero's journey is, because until you... I'd heard of it as this story out concept that's used in basically every film, but do you want to explain what the hero's journey is?

**Rob Hamilton** (2:39)
Yeah. So, popularized by Joseph Campbell, the hero's journey is basically a very compelling story arc and how you could compartmentalize stories. I think most people, the easiest one for them to grok would be like Star Wars.
Like Star Wars, the movie Star Wars, like the original trilogy is the hero's journey where you have this call to adventure. You go forth, you get like this help from outside people. You find guardians and mentors who kind of bring you through this journey and you go through challenges and temptations and then at like the climax, you're like in the abyss. You're like in like the throes of trying to figure out how to resolve things. You overcome all of your adversity and lean on all of your training and your mentors and you get to the end and you succeed. And then the last gift is you kind of return that treasure to the community, right? Lord of the Rings is another great one.

**Danny Knowles** (3:40)
The Matrix. You got Neo who like refuses to get involved, then he gets pulled in.

**Rob Hamilton** (3:46)
He gets the call to it.

**Danny Knowles** (3:46)
Orpheus is his mentor and then he's the one.

**Rob Hamilton** (3:49)
Exactly. Right. So when you start thinking about it, and this is something that is just like a high level arc of telling stories is just a very compelling one. It's what people want to see is like someone goes on a grand adventure. They learn new things. There's adversaries and there's challenges. There's a loss of sense of self. You could think of that maybe when Luke gets his hand cut off and finds out Vader is his father, right? Like is like the bottom of the journey. And then he uses that conflict to kind of rise up above all of it. Right.

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