Blog Post
How Bitcoin's Scaling Solution Threatens the Entire Financial System
I've been thinking a lot lately about what truly scares the legacy financial system. After years in this space, I've come to a simple conclusion: what they fear most is you and I transacting directly with each other, cutting them out entirely.
That's the revolutionary power of the Bitcoin protocol. Not as a speculative investment, not as "digital gold," but as a peer-to-peer electronic cash system that allows direct value transfer without intermediaries taking their cut at every step.
Tomorrow, I'm hosting a conversation that I'm incredibly excited about. I'll be speaking with Siggy, the man who's leading the effort to scale the entire Bitcoin network globally through what's called Teranote. This isn't some side chain or layer 2 solution—this is scaling Bitcoin's node software at the foundational layer (what I call "layer zero") to enable unlimited on-chain transactions.
Right now, we're at what adoption theorists call the "innovator stage." We're not even at early adoption yet. We're the pioneers, the people who see the potential before it becomes obvious to everyone else. Having even a small amount of knowledge about this technology puts you ahead of 99% of the population.
What's particularly important to understand is that this isn't a company or a business opportunity. Teranote is developed by an association of members who have come together with a shared vision: to build and secure Bitcoin for the long term, creating a legacy that will benefit our children and future generations.
The legacy financial system has spent decades inserting itself between every transaction. They take fees for transfers, they monetize our data, they control who can participate. The Bitcoin protocol fundamentally threatens this model by enabling direct peer-to-peer transactions on a massive scale.
When Satoshi Nakamoto created Bitcoin, the vision wasn't for a new speculative asset class—it was for a new financial system that empowers individuals. With Teranote scaling the network, we're finally getting closer to realizing that original vision.
If you want to understand how this scaling solution works and what it means for the future of finance, tune in to my conversation with Siggy tomorrow on X (formerly Twitter). I'll try to get it on YouTube as well for those who prefer that platform.
This is about more than just technology—it's about creating a more equitable financial system that works for everyone, not just the privileged few. It's about building something that lasts, something our children can inherit, something that preserves the core values of financial sovereignty and direct exchange.
Check out the full video here.
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