Decentralized currency. Yes, I invented it.
I’m sure many governments wish they had prevented it
Their national cash is how they keep control,
But freedom to the people was my ultimate goal.
Am I a pseudonym? A group of men? It doesn’t even matter.
I invented Bitcoin cause fiat is a disaster.
A man from Japan or a damn hologram?
I’m the reason open season on crypto began.
Does anybody know what this crypto-thing means?
To me, sounds like the new Get Broke Quick scheme,
A bunch of fools from across the land
Investing in something they don’t even understand,
Buying Litecoin, Dash, Bitcoin Cash,
It’s all gonna crash, and be gone in a flash.
All this unsupported money’s an irrational prank,
And I’ll be laughing all the way to my National Bank.
Reid Hoffman, co-founder of LinkedIn, decided to let Alexander Hamilton, one of the founding fathers of the United States, face-off against Bitcoin (BTC) creator Satoshi Nakamoto in an epic crypto-rap-battle video.
Cryptocurrency debate between actor-rappers playing Hamilton and Satoshi
On Sept. 5, Hoffman released a new hip-hop rap battle video which shows Alexander Hamilton, the founder of the United States financial system and central bank, fighting in rap-battle-style for the merits of centralized currencies against the mysterious Bitcoin creator Satoshi Nakamoto.
Hoffman said that he was inspired by watching the musical “Hamilton” and that he was particularly struck by the two “Cabinet Battle” songs. Hoffman said:
“I was particularly struck by his two “Cabinet Battle” songs, and the way he used battle rap to express the opposing viewpoints that informed the issues and debates underlying fundamental moments in America’s development. Since then, I’ve been intrigued by the idea of using battle rap to explore some of the most polarizing issues that characterize our own era.”
This style of debate will be familiar to many fans of YouTube, especially to those who have seen the channel Epic Rap Battles of History (ERB), where two characters go back and forth rhyming out key points in an attempt to take down the opponent.
The co-founder of LinkedIn added that he hopes the video gets more people talking about crypto and its evolving role in global commerce. He concluded:
“Since I believe that informed, civil, and open-minded debate ultimately leads to more innovation and adaptation, I hope the debates continue.”
Cameos from dozens of cryptocurrency pioneers
The 6-minute long hip-hop video includes dozens of cameos from industry’s pioneers such as Charlie Lee, creator of Litecoin (LTC); Zooko Wilcox-O’Hearn, co-founder of Zcash (ZEC); Reid Hoffman himself and many others.
Hoffman took to Twitter to ask his followers who won the debate: Alexander Hamilton or Satoshi Nakamoto? The winner was clearly Satoshi Nakamoto, with 72% of the 6050 casted votes.
Hoffman received Lightning Torch Relay
Cointelegraph reported in February that Hoffman had become the latest participant in the Lightning Torch Bitcoin transaction relay and became the 224th person to “hold” the Torch. Before him, Twitter co-founder and CEO Jack Dorsey also passed the Torch, as did many other high-profile figures in crypto and finance.
An entrepreneur, investor, and crypto asset enthusiast has produced a music video intended to get people talking about digital asset use. The video pits the original “bankster” Alexander Hamilton versus Satoshi Nakamoto in a rap battle inspired by the work of Lin-Manuel Miranda’s role in the hit musical “Hamilton”.
Individuals from the cryptocurrency industry have received the “Bitcoin Rap Battle” positively on the whole. Its creator, Reid Hoffman, has spoken about the reasoning behind his efforts, arguing that a rap battle represents an ideal medium through which to conduct a debate.
Why is a Rap Battle a Suitable Vehicle for the Crypto Versus Fiat Debate?
Reid Hoffman, one of LinkedIn’s co-founders and an investor in both Blockstream and Coinbase, published his reasoning for creating the “Bitcoin Rap Battle Debate: Hamilton vs. Satoshi” via a post on LinkedIn earlier today.
He writes that the track was produced in the interest of promoting “spirited debate” between advocates of traditional “centralized currencies” (represented by Founding Father and major contributor to the central banking blueprint, Alexander Hamilton) and cryptocurrency proponents (represented by a man apparently representing the Bitcoin creator Satoshi Nakamoto). Despite Nakamoto being portrayed by one man, the track does point out that no one knows the true identity of Nakamoto and notes that even a “hologram” might be the godfather of cryptocurrency.
Hoffman states that he wanted to explore the debate through a rap battle because it provides a perfect platform to express opposing viewpoints. The entrepreneur writes that since the outcome of a rap battle depends on each participant’s wordplay, phrasings, and the wittiness of their arguments, listeners must pay close attention to what’s being said:
“… battle raps are won and lost based on who presents ideas and arguments in the most clever, funny, and linguistically creative ways, participants and listeners alike pay close attention to what’s being said.”
This stands at odds with more typical forms of debate, often characterised by stubborn participants interested only in their own opinions whilst believing the best way to deliver them is by shouting over the opposition. Hoffman says he wants the video to get more people talking about the cryptocurrency and its potential role in future global finance.
As mentioned, opinions about the “Bitcoin Rap Battle Debate: Hamilton vs. Satoshi” have been generally positive. Self-confessed cypherpunk coder Joshua J. Bouw commented that he would use the track as a primer to help him explain Bitcoin to those not already in the know. Meanwhile, the likes of Charlie Lee, Adam Back, and Wences Casares were clearly supportive enough of the project to make cameos in the video itself.
The main stars of the video are EpicLLOYD (of Epic Rap Battles) playing Hamilton, Timothy DeLaGhetto as Nakamoto, and the lyricist Gift of Gab as battle host. The video’s creator also acknowledges the musical “Hamilton”, with its rapped sections, and particularly lead actor Lin-Manuel Miranda as inspiration for the rap battle.
Even individuals not traditionally associated with the world of crypto assets have commented on the video. Robert Hackett, a senior contributor at Fortune Magazine, described it as “delightful” and Hollywood A-lister and known digital currency proponent Ashton Kutcher also Tweeted his amusement at the track:
— ashton kutcher (@aplusk) September 5, 2019
Anyway, check out “Bitcoin Rap Battle Debate: Hamilton vs. Satoshi” below. We definitely prefer it to some other efforts to deal with the subject of crypto through the medium of rap music.
Related Reading:Long Bitcoin, Short the Bankers? Why Artist Akon Loves BTC
Featured Image from Shutterstock.
Anthony Pompliano, the founder of Morgan Creek Digital, a large digital assets company, has recently affirmed that the creator of Bitcoin, the person who created the alias of Satoshi Nakamoto, should receive the Nobel Peace Prize for his contribution to the world.
According to the executive, Satoshi has created the first global reserve that could be fully used without anyone ever needing to engage in
Pompliano’s idea of violence comes from the view that national fiat currencies only hold value because they are centralized and backed by the coercion of the State. Because of this, a truly international currency that had no central control would be non-violent in his view.
During the current U. S.-China Trade War, his argument can be seen in how countries use their currencies as “weapons” to achieve economic policies and to fight for power. The whole world is shaken because of the tumultuous policies enacted by the two countries.
While China is using its fiat to hurt the U. S. economically, the U. S. is using the dollar to control the finances of the world for decades. Fiat currencies are from being only a store of value, they are a tool for power and for enacting policies. Only Bitcoin, in Pompliano’s vision, would be exempt from that and a more non-violent form of money.
Obviously, it would be hard to give Satoshi the price since he disappeared in 2010 and there is not a single trace of him anymore. People such as Craig Wright and others have been claiming that they are the real Satoshi Nakamoto for years, but no one was able to actually prove it yet until now.
Whoever the real Satoshi Nakamoto is, one long-time Bitcoin enthusiast thinks he, she, or they should win the Nobel Peace Prize.
The recommendation came from Anthony “Pomp” Pompliano, a partner at Morgan Creek Digital Assets.
Satoshi should win the Nobel Peace Prize.
We finally have a currency that can assume global reserve status without anyone having to engage in violence.
— Pomp 🌪 (@APompliano) September 3, 2019
Pompliano is not the first crypto bull to argue that the pseudonymous Bitcoin creator should receive the highly-acclaimed honor.
Tesla CEO Elon Musk even joked that Satoshi deserves a “Nobel prize in delayed gratification.”
“Worthless” prize not appropriate for Bitcoin creator?
The Nobel Peace Prize recognizes individuals for effecting change on social issues. As Alfred Nobel explained in his will:
“The said interest shall be divided into five equal parts, which shall be apportioned as follows: /- – -/ one part to the person who shall have done the most or the best work for fraternity between nations, the abolition or reduction of standing armies and for the holding and promotion of peace congresses.”
Pompliano argues that Satoshi fits the bill.
“We finally have a currency that can assume global reserve status without anyone having to engage in violence,” he wrote.
Criticism about who’s worthy to win the award – and who’s not – has increased over the years. It seems that’s spilled over to this debate about whether Bitcoin’s creator deserves the honor. And it’s not just fervent crypto skeptics who don’t believe Satoshi should win the prize.
Take this Twitter user, who argued that the Nobel Peace Price is “completely worthless” and further warned that it’s dangerous to give the award to an anonymous person.
Comments like this make me want to steer clear of all crypto…for good.
— foreverlost45 (@matchbox982) September 3, 2019
1. It’s not a person but an idea. 2. supposedly no1 knows who Satoshi is and could be Chinese Communist party for all we know. 3. it’s still a pump/dump manipulation machine to extract $ from people who can’t swallow the volatility (which works against it’s supposed use case)
— foreverlost45 (@matchbox982) September 3, 2019
What if Satoshi is Craig Wright?
Other critics have raised the “Craig Wright” issue when confronted with an argument to award the Nobel Prize to Satoshi.
Misir Mahmudov tweeted in March that Satoshi Nakamoto was worthy of receiving the Nobel Prize in Economics and Physics, too.
what if he turns out to be craig wright?
— Lindsay Revell (@LZrvll) April 3, 2019
Mahmudov’s tweet led one person to point out Bitcoin’s creator could be the always-controversial Craig Wright, who claims to have invented the flagship cryptocurrency and has sued critics for refusing to admit it.