Name: Bitcoin OG Explains The Shift Nobody Talks About
Uploaded: 2025-10-31T17:07:35+00:00
Duration: 1 h 30 min 46 s
Description: Marty sits down with George Kikvadze and Bill Tai to discuss building Bitfury from the ground up when Bitcoin was still considered a joke. George shares his journey from witnessing Soviet currency col

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Marty sits down with George Kikvadze and Bill Tai to discuss building Bitfury from the ground up when Bitcoin was still considered a joke. George shares his journey from witnessing Soviet currency collapse to founding one of Bitcoin's first major mining infrastructure companies. Bill brings his legendary Silicon Valley venture capital perspective, having worked alongside Jensen Huang and helped start Taiwan Semiconductor before recognizing Bitcoin's potential in 2010. They cover the ruthlessly competitive mining landscape, navigating regulatory uncertainty, the venture capital firms that passed on hundreds of thousands of Bitcoin, and why government fiscal collapse makes Bitcoin essential insurance. This is a story of conviction, resilience, and building the rails while the train was moving.

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George on Twitter: https://x.com/BitfuryGeorge
Bill on Twitter: https://x.com/KiteVC
Bitfury: https://bitfury.com/
And Then You Win: https://www.amazon.com/Then-You-Win-Start-Ups-Untold-ebook/dp/B0F94Q8RFS

Bitkey
https://bit.ly/TFTCBitkey20
Unchained
https://unchained.com/tftc/
Obscura VPN
https://obscura.net/
SLNT
https://slnt.com/tftc
CrowdHealth
https://www.joincrowdhealth.com/tftc

0:00 - Intro
0:47 - Bill and George background
8:06 - The early Bitcoin environment and doubters
18:42 - Bitkey & Obscura
20:50 - Founding Bitfury
29:06 - The pivot from chips to full mining operations
36:02 - SLNT & SOTE
38:24 - Scaling challenges and infrastructure buildout
41:26 - Mining is ruthlessly competitive
46:48 - Navigating regulatory uncertainty and government relations
52:25 - The venture capital rejections and missed opportunities
1:02:01 - And Then You Win
1:14:01 - Has bitcoin made it yet?