Bitcoin promised a revolution - a decentralised, trustless, censorship-resistant financial system built on mathematics rather than institutions. Instead, it became a speculative juggernaut captured by exchanges, custodians, whales, and eventually Wall Street itself. In Johnny's Satoshi Paper Version 2.0 - The Demise of Bitcoin, systems engineer Johnny O'Sullivan delivers the definitive autopsy of this collapse. Drawing on years of experience inside global banking, SWIFT, ISO 20022, precious metals markets, and crypto exchange infrastructure, he reveals: how Bitcoin's technical design created unavoidable bottleneckshow 6,000 altcoins emerged - and why almost none survivedhow exchanges became casinos disguised as infrastructurehow institutions quietly recaptured the decentralised dreamhow regulation, custody, and synthetic supply hollowed out the networkhow the narrative of "digital gold" masked a slow-motion structural failurehow the collapse impacted investors, institutions, and vulnerable communitiesThis is not a book about price. It is a book about systems - and the people who build, break, and believe in them.
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