Mike Hardcastle

Smiling headshot of Mike Hardcastle on the show

Episode #46

07/05/2025

""we were the only ones that could do it""

Early to the Internet, Early to Bitcoin & Nostr

Screengrab from the show with Mike Hardcastle discussing bitcoin and Nostr
Smiling headshot of Mike Hardcastle on the show
Smiling headshot of Mike Hardcastle on the show

In Episode 46 of The Jake Woodhouse Podcast, Mike Hardcastle joins me to explore the power of Nostr, how censorship resistance is being rebuilt from the ground up, and what it takes to run your own relay. We discuss leaving the UK due to its draconian tax policies, the early days of the internet, the parallels between Bitcoin and TCP/IP, and how protocols, not platforms, will shape the future of freedom online.

Check out his website: mikehardcastle.com

Nostr: mike@mikehardcastle.com

Read his book: Why Bitcoin – A History and Guide

 

TIMESTAMPS:

0:00 – Why Nostr?

6:06 – Nostr and Digital Censorship

13:17 – Leaving the UK (Taxes)

24:04 – Mike’s Background in Technology and the Early Internet

32:57 – Similarities Between Bitcoin and the Internet

38:53 – Running Your Own Nostr Relay

48:55 – The Power of the Internet

53:49 – How to Connect with Mike Hardcastle

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Jake speaks with Mike Hardcastle, a tech entrepreneur and early internet pioneer who has since become a passionate advocate for Bitcoin and Nostr. Mike shares how a cryptic tweet from Jack Dorsey led him to Nostr, and how its alignment with Bitcoin’s principles—self-sovereignty, permissionless communication, and censorship resistance—immediately resonated. Despite clunky early interfaces, Mike saw the potential and became deeply involved, running his own relay, verifying his identity via NIP-05, and even hosting his own Lightning address.

The discussion weaves through Mike’s 30+ year career in technology—from implementing early TCP/IP networks and lobbying to legalize commercial internet traffic in the UK, to building one of the first internet hosting companies. Drawing parallels between Bitcoin and the early internet, Mike argues we’re in the 1994–1997 phase of Bitcoin adoption—still early, but accelerating. He shares how he uses Nostr not only as an uncensorable social media platform but as a foundational tool for identity, payments, and proof-of-work online.

Mike also opens up about his plan to leave the UK, driven by rising taxes and regulatory overreach. He explains the Kafkaesque dilemma of exit tax on unrealized Bitcoin gains and outlines his workaround: stay tax-resident in the UK while living abroad, crystallizing small gains for living expenses rather than selling a large position. Through this, he maintains optionality without giving up a chunk of his Bitcoin.

Finally, the episode covers Mike’s unique digital lifestyle.