Hey hey Bitcoin Wealth Builders,

The last week has seen a full-blown attack from the proof of weapons network on peaceful proof of work. They have weaponized media, financial instruments, and historical connections in a coordinated assault designed to inject fear, uncertainty, and doubt into the market. We're here to cut through the noise, unmask the players, and understand the systemic nature of these attacks so you can protect your wealth.

This post is a concise summary—a "TLDR"—of the first part of my recent BitcoinHardTalk Ep.108 livestream. Our primary mission is to unmask the "Epstein Bitcoin theory" by telling the truth, including stories from the early days of Bitcoin that I've never shared before. The full episode was a deep dive, running 3 hours and 5 minutes, and aired live on my YouTube, X, and Rumble channels on November 28th, 2025. This blog is Part 1 of that analysis; for the complete picture, be sure to read Part 2 (This Week in Macro) and Part 3 (This Week in Geopolitics).

The Three Major Attack Vectors of the Week

These weren't random events; they were coordinated battlefield maneuvers. Let's dissect the three primary fronts in the proof of weapons network's latest assault on Bitcoin.

1. The Epstein "Connection": A Weapon of Moral Contamination

Takeaway 1: The Epstein "Connection" is Real, But It's a Narrative Weapon

The core claim released to the media was that Jeffrey Epstein was involved in funding Bitcoin core developers. The purpose of this revelation is not to suggest a technical backdoor exists but to create moral contamination and reputational damage by associating Bitcoin with a toxic figure.

Here is the verifiable chain of events:

• Around 2015, the collapse of the Bitcoin Foundation created a funding vacuum for the developers who maintain Bitcoin's open-source code.
• MIT's Digital Currency Initiative (DCI) stepped in to provide stable funding for some of these now "orphaned" developers.
• The DCI was housed organizationally within the MIT Media Lab.
• The direct connection is that Jeffrey Epstein provided funding to the MIT Media Lab. An email from the lab's director to Epstein confirms these "gift funds" were used to "underwrite" the DCI, which allowed them to "move quickly and win this round" of securing developer talent.

The attack vector here is purely narrative. It aims to poison the well by association, but it cannot change the code. L

This is simply the latest in a long, sordid history of attacks on Bitcoin's central figures and choke points. To understand this week, you have to understand the pattern. The Bitcoin Foundation itself was demoralized and destroyed precisely because its centralized figures were targeted. Charlie Shrem was arrested for money laundering. Mark Karpelès, a Foundation member and head of the Mt. Gox exchange, bought the exchange from Jed McCaleb—the creator of the banker's shitcoin, XRP—and discovered it was missing 80,000 Bitcoin from day one. Another board member, John Matonis, later brought a psyop named Dr. Craig Wright into our community, who falsely claimed to be Satoshi Nakamoto to sow chaos and create hard forks like Bitcoin Cash. 

Even core developer Gavin Andresen, who Satoshi handed the project to, may have been compromised after he met with the CIA and later publicly endorsed the fake Satoshi. 

Then you have Brock Pierce, another Foundation member with publicly known connections to an Epstein meeting and the origins of Tether. This isn't a new strategy; it is the only strategy they have: attack, co-opt, or create controversy around any centralized point of failure to damage the network's reputation.

2. MicroStrategy: Wall Street's Vassal, Not Bitcoin's Champion

Takeaway 2: MicroStrategy Isn't a Trojan Horse for Bitcoin; It's a Trojan Horse for Wall Street

While the Epstein narrative poisons the well of Bitcoin's origins, the attack on MicroStrategy aims to capture its present by vassalizing its largest corporate holder. "Vasilization" is the process the financial industrial complex uses to make an entity subordinate through corporate structures, debt, and shareholder obligations. This is precisely what has happened to MicroStrategy.

You have to understand, MicroStrategy's greatest vulnerability is its corporate structure. This is vasilization 101. It centralizes approximately 650,000 Bitcoin (about 3% of the total supply) inside a corporate wrapper. This structure creates a massive financial shortfall: MicroStrategy has only 54 million in cash but faces -$700 million in annual obligations from the debt it has issued.

This massive financial gap forces MicroStrategy to be completely subservient to the financial industrial complex. It cannot meet its obligations without raising more debt or equity from the very institutions it claims to be fighting. This gives Wall Street a powerful, centralized vehicle to manipulate the short-term price of Bitcoin. It is the antithesis of Bitcoin's original purpose, which was to create a resistance to the very system now trying to control it. Satoshi Nakamoto's message, mined into the genesis block, serves as a stark reminder:

"...banks on the brink of financial disaster..."

While it appears to be an instrument of resistance, MicroStrategy has been transformed into a full-blown financial industrial complex weapon of mass destruction. It is designed to centralize Bitcoin and submit it to the system it was created to oppose.

3. The Stablecoin Endgame: A "Gateway Drug" to Control

Takeaway 3: The Stablecoin Endgame is a "Gateway Drug" to Full Control

If the reputational and corporate attacks are the opening salvos, the stablecoin strategy is the ultimate endgame. My overarching theory has always been that Bitcoin was not a honeypot with a hidden backdoor. Instead, it was a "gateway drug"—a tool to get the public comfortable with digital currency before rolling out controllable, centralized stablecoins and, ultimately, Central Bank Digital Currencies (CBDCs).

We saw this playbook unfold with the recent attack on Tether. S&P downgraded Tether's rating to "weak," a clear move to force it into further vasilization and submission to the legacy system. This is no coincidence, especially when you see that Canter Fitzgerald, a firm as "deep state as it gets," is now the custodian for Tether's U.S. Treasury reserves.

This is reinforced by legislative attacks. The "Genius Act," ushered in by the Trump administration, covertly favors bank-issued stablecoins (like those from JP Morgan) by allowing them to be backed by reserves at the Fed. At the same time, the act attacks financial privacy by discouraging the use of self-custody tools like coin joins, which anonymize transactions.

These moves are not random; they are part of a coordinated strategy. The goal is to transition the market away from decentralized Bitcoin and toward a system of privately-owned, bank-controlled stablecoins. This system will then be integrated with a full-blown surveillance state, powered by firms like Palantir and integrated into social credit score systems like the one being built by Elon Musk.

Conclusion: The Real Battle is Self-Custody vs. Control

The attacks on the Epstein connection, MicroStrategy, and Tether are not attacks on Bitcoin itself. They are strategic assaults on centralized choke points—the corporate wrappers, the foundations, and the individuals that the financial industrial complex can influence, blackmail, or control. The decentralized, open-source Bitcoin protocol remains untouched and uncompromised.

The solution is not to find a "better" corporate champion or a "safer" institutional product. The solution is to exit their game entirely. To win, you must fight back with the tools Bitcoin provides:

• Fight back with Bitcoin in self-custody.
• Boycott Bitcoin ETFs to avoid empowering the financial industrial complex.
• Boycott Bitcoin treasury companies like MicroStrategy that become weapons for Wall Street.
• Boycott Bitcoin-backed loans to avoid being margin-called in a manipulated crash.

The only way to win the "infinite game" that Bitcoin enables is to exit the "finite game" that Wall Street controls. Never forget that the real battle is, and has always been, Self-Custody vs. Control.

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Watch on YouTube

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Watch the TLDR Ai Summary (Duration: 33 minutes)

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Read Relevant Blogs

Unmasking the Epstein Bitcoin Theory: JP Morgan Links & the Trump Leverage Game | This Week in Bitcoin, Macro & GeoPolitics | #BitcoinHardTalk Ep.108

Epstein, Macro & Market Manipulation | This Week in Macro (Part 2) | #BitcoinHardTalk Ep.108

Epstein, Trump & The GeoPolitical Consequences | This Week in GeoPolitics (Part 3) | #BitcoinHardTalk Ep.108

Simon Dixon🚀
Bitcoin OG | Investor | GeoPolitical & Financial Analyst

Disclaimer

The content provided in this blog post represents the personal analysis and opinion of Simon Dixon, derived from his decades of experience in the financial industry and as an early Bitcoin investor and entrepreneur. This material is for informational and educational purposes only and should not be construed as financial, investment, legal, or tax advice. The financial markets, particularly the cryptocurrency market, are highly volatile and speculative. Readers should conduct their own thorough research and "Don't Trust, Verify."

The discussion herein involves complex theories regarding the interconnectedness of financial institutions, political networks, and technological systems. Any mention of individuals, companies, or organizations is for the purpose of structural analysis of incentives, publicly known events, and documented connections. It is not intended as a character assessment or personal accusation. Before making any investment decisions, you should consult with a qualified and registered financial advisor or professional. Past performance is not indicative of future results.