The power of Data is undeniable. And unharnessed - it’s nothing but chaos. Making data your ally. Using it to lead with confidence and clarity. Host Jess Carter is solving problems in real-time to reveal what’s possible. Helping communities and people thrive. This is Data Driven Leadership, a show brought to you by Resultant.
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State Secrets: Inside The Making Of The Electric State
1 Family Secrets: Chris Pratt & Millie Bobby Brown Share Stories From Set 22:08
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Stephan Livera Podcast
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Join Stephan as he interviews the sharpest economic and technical minds in Bitcoin & Austrian Economics to help you understand how money is changing and evolving. Leading names in the world of Bitcoin join the show to share their insights, whether they are developers, CEOs, economists, authors, analysts and more.
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Join Stephan as he interviews the sharpest economic and technical minds in Bitcoin & Austrian Economics to help you understand how money is changing and evolving. Leading names in the world of Bitcoin join the show to share their insights, whether they are developers, CEOs, economists, authors, analysts and more.
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Stephan Livera Podcast
1 DMND: The First Full SV2 Mining Pool with Alejandro de la Torre | SLP649 59:45
59:45 Play Later Play Later Lists Like Liked59:45
Play Later Play Later Lists Like LikedIn this episode, Alejandro de la Torre, CEO and founder of Demand Pool, discusses the launch of their new Stratum V2 mining pool. Alejandro explains the importance of decentralization in Bitcoin mining, the risks associated with traditional mining pools, and how Demand Pool aims to create a fair and transparent system for miners. The conversation covers the differences between payout structures like FPPS and PPLNS, the innovative Slice payment system, and the role of translation proxies in facilitating mining operations. Alejandro also addresses the viability of mining pools and the importance of hash rate coordination. He also shares insights on global mining trends, the shift towards liquid cooling, and the challenges of censorship in the mining space. Takeaways 🔸Demand Pool aims to address decentralization concerns in Bitcoin mining. 🔸Stratum V2 allows miners to build their own blocks, enhancing decentralization. 🔸FPPS payout structure creates centralization risks for miners. 🔸PPLNS is a fairer payout method compared to FPPS. 🔸The Slice payment system ensures fair distribution of transaction fees. 🔸Transparency in payment systems is crucial for miner trust. 🔸Translation proxies are necessary for current mining operations. 🔸Demand Pool focuses on larger miners to achieve operational viability. 🔸Decentralization is essential for Bitcoin's value and ethos. 🔸Alejandro is committed to improving the mining ecosystem. Constant payouts to miners are achievable with sufficient hash rate. 🔸FPPS and PPLNS have significant differences affecting miner payouts. 🔸Security in mining pools is paramount to protect miners' interests. 🔸A good mining pool prioritizes safety and incremental improvements. 🔸Connectivity and latency are critical factors for mining efficiency. 🔸Stratum V2 offers advancements over traditional mining protocols. 🔸FPPS may become obsolete as transaction fees increase in importance. 🔸Global trends show a rise in Bitcoin mining initiatives, especially in Africa. 🔸Liquid cooling presents advantages and challenges compared to air cooling. 🔸Censorship resistance is enhanced with Stratum V2, but challenges remain. Timestamps: (00:00) - Intro (01:00) - What is Demand pool? (02:24) - What is Stratum V2?; Centralization risks in mining pools (07:42) - Understanding FPPS payout structure (12:52) - What is PPLNS ? (14:44) - What is the Slice payment system? (18:53) - Difference between Demand Pool & OCEAN or Braiins (21:05) - Sponsors (23:35) - The role of translation proxy in mining; Current Stratum V2 support landscape (27:34) - How much hash rate is required to be viable as a pool?; Mining payouts (30:24) - Impact of FPPS vs PPLNS on miners (33:02) - How does Stratum V2 enhance the security of the pool? (35:06) - What makes a ‘good mining pool’? (38:34) - The role of good connectivity and latency in mining (40:13) - Demand Pool vs SRI: A technical comparison (42:53) - Why do miners choose FPPS over PPLNS? (45:43) - Sponsors (47:22) - Global Bitcoin mining trends (53:52) - Liquid cooling vs Air cooling in Bitcoin mining (55:50) - Is Stratum V2 censorship resistant? (59:07) - Closing thoughts Links: https://x.com/bitentrepreneur https://x.com/DEMAND_POOL https://www.dmnd.work/ https://blog.dmnd.work/understanding-slice-pplns-jd/ Sponsors: Bold Bitcoin CoinKite.com (code LIVERA) Lana by Galoy Stephan Livera links: Follow me on X: @stephanlivera Subscribe to the podcast Subscribe to Substack…
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Stephan Livera Podcast
1 There is no cycle with Checkmate | SLP648 1:01:19
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Play Later Play Later Lists Like LikedStephan Livera and James Check discuss the evolving dynamics of the Bitcoin market, emphasizing the shift from traditional market cycles to a more complex interplay of macroeconomic factors and investor behavior. They explore the impact of institutional investors and ETFs on market sentiment, the psychological aspects of trading, and the importance of on-chain metrics in understanding market movements. The discussion highlights the need for investors to adapt their strategies and perspectives in a rapidly changing environment. James emphasizes the importance of understanding market behavior and debunks several false narratives surrounding Bitcoin trading. The discussion also touches on the role of ETFs in the market and how they interact with on-chain data. Ultimately, James encourages listeners to trust their instincts while utilizing available data to make informed decisions in the ever-evolving Bitcoin landscape. Takeaways 🔸The Bitcoin market is evolving beyond traditional cycles. 🔸Market sentiment is influenced by macroeconomic factors. 🔸Institutional investors are changing the dynamics of Bitcoin trading. 🔸Emotional psychology plays a crucial role in trading decisions. 🔸On-chain metrics provide valuable insights into market behavior. 🔸Investors should focus on long-term trends rather than short-term fluctuations. 🔸Understanding the role of ETFs is essential for modern Bitcoin analysis. 🔸Diminishing returns and volatility are expected as Bitcoin matures. 🔸The herd mentality can lead to poor investment decisions. 🔸SOPR and other on-chain metrics are vital for informed trading. Funding rates are a reflection of market sentiment. 🔸Market corrections are a normal part of the bull market cycle. 🔸On-chain data provides valuable insights into market behavior. 🔸ETFs play a significant role in Bitcoin market dynamics. 🔸False narratives can cloud judgment in trading decisions. 🔸Understanding market gaps can help predict price movements. 🔸The importance of distinguishing between whale and exchange data. 🔸Supply shocks are often misunderstood in their implications. 🔸The multiplier effect is often exaggerated in Bitcoin discussions. 🔸On-chain data is a powerful tool for hodlers and traders alike. Timestamps: (00:00) - Intro (01:00) - There is no cycle? (04:58) - Is this time really different? (11:08) - Understanding Bitcoin market sentiments & structure (13:36) - Structural shifts in Bitcoin adoption?; Role of ETFs & Institutional investors (17:17) - Emotional psychology in trading Bitcoin (21:24) - Sponsors (24:37) - Will diminishing returns and volatility continue? (29:27) - What is SOPR (Spent Output Profit Ratio)?; Understanding market corrections (34:30) - Is $80K Bitcoin the ‘value zone’?; Importance of on-chain data (39:12) - CME Futures gap and air pockets (42:10) - How will the Bitcoin ETF buyer data be reflected on-chain? (45:08) - Debunking hopium narratives (Mr.100, supply shock, multiplier effect) (48:02) - Sponsors (53:26) - The UTXO data set is Bitcoin (59:28) - Closing thoughts Links: https://x.com/_Checkmatey_ Sponsors: Bold Bitcoin CoinKite.com (code LIVERA) Lana by Galoy Stephan Livera links: Follow me on X: @stephanlivera Subscribe to the podcast Subscribe to Substack…
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Stephan Livera Podcast
1 Mining Bitcoin vs. Buying Bitcoin with Mason Jappa | SLP647 1:05:05
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Play Later Play Later Lists Like LikedIn this episode, Mason Jappa, CEO of Blockware Solutions, discusses the current state and future of Bitcoin mining, particularly in the U.S. He highlights recent regulatory clarity from the SEC, the evolving mining landscape, and the economic dynamics affecting miners. Mason emphasizes the importance of technology, liquidity, and strategic partnerships in successful mining operations, while also addressing the ongoing debate between mining and simply holding Bitcoin. The discussion provides insights into the challenges and opportunities within the Bitcoin mining industry as it continues to grow and adapt. Takeaways 🔸The SEC has provided favorable coverage for Bitcoin mining. 🔸Bitcoin mining remains strong despite market fluctuations. 🔸Mason Jappa is bullish on the future of Bitcoin mining. 🔸Blockware Solutions produces annual research reports on mining. 🔸Bitcoin price historically outpaces mining difficulty growth. 🔸Energy infrastructure deployment cannot keep up with Bitcoin price surges. 🔸Liquidity in mining assets is crucial for profitability. 🔸Choosing the right partners is essential for successful mining operations. 🔸Mining can yield more Bitcoin than simply buying and holding. 🔸Many public mining companies are currently unprofitable. There's a divide in strategies among public miners. 🔸Operational efficiency is crucial for Bitcoin miners. 🔸Current mining equipment prices are favorable for investment. 🔸Bitcoin mining can serve as a method for dollar cost averaging. 🔸Political risks could impact the future of Bitcoin mining. 🔸Market predictions for Bitcoin range from 150k to 400k. 🔸Innovations in mining technology are on the rise. 🔸Hydro and immersion cooling technologies are becoming more prevalent. 🔸Bitmain's monopoly in mining equipment is being challenged. 🔸Tax advantages exist for business owners in Bitcoin mining. Timestamps: (00:00) - Intro (01:14) - What does the current Bitcoin mining landscape look like? (05:40) - SEC’s regulatory clarity and the future of Bitcoin mining in the U.S (11:22) - Mining economics (14:15) - Cycles in Bitcoin mining - tech & policy (20:13) - Sponsors (22:31) - Buying Bitcoin vs Mining Bitcoin (27:15) - The free market of Bitcoin mining (31:08) - “There are very few profitable Bitcoin miners” (33:53) - Should public mining companies raise debt to buy Bitcoin? (37:19) - Sponsors (38:20) - How operationally efficient is Bitcoin mining?; Mining equipment costs and Hosting rates (47:10) - The monetary risks with “Bitcoin yield” (50:40) - What is the typical IRR of Bitcoin mining? (52:23) - Impact of diminishing returns on Bitcoin mining; Potential future political risks (55:35) - Market predictions, SBR and Bitcoin's future value (58:35) - What are the innovations to expect in Bitcoin mining? (1:03:34) - Concerns around Bitcoin pool mining centralisation Links: https://x.com/Mason_Jappa https://x.com/BlockwareTeam Sponsors: Bold Bitcoin CoinKite.com (code LIVERA) Lana by Galoy Stephan Livera links: Follow me on X: @stephanlivera Subscribe to the podcast Subscribe to Substack…
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Stephan Livera Podcast
1 Fixing Bitcoin Payment UX with Conor Okus and Stephen DeLorme | SLP646 56:15
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Play Later Play Later Lists Like LikedIn this episode, Conor, Open Source product manager at Spiral & Stephen, Product Designer at Voltage & Co founder of ATL Bitlab join Stephan to discuss the current state of Bitcoin user experience, particularly focusing on payments and the challenges faced by users. They explore the comparison between Bitcoin and physical cash, the Western perspective on Bitcoin payments, and the importance of user experience in facilitating Bitcoin transactions. They also touch upon various payment protocols like BOLT11, LNURL, and BOLT12, highlighting the need for interoperability and better privacy features in the Bitcoin ecosystem. The discussion also covers resources available for developers and designers to enhance wallet usability and integration. Takeaways 🔸Bitcoin has excelled as a savings technology. 🔸The payments use case for Bitcoin still needs improvement. 🔸User experience is crucial for Bitcoin adoption. 🔸Comparing Bitcoin to cash highlights privacy concerns. 🔸Western users may not see a payments problem. 🔸Regulatory issues impact Bitcoin payments in the West. 🔸User experience challenges hinder Bitcoin transactions. 🔸Different payment protocols create compatibility issues. 🔸Community collaboration is essential for Bitcoin's future. 🔸Improving interoperability can enhance Bitcoin payments. Wallet compatibility issues can create negative user impressions. 🔸Designers can significantly improve wallet user experience. 🔸Testing compatibility between wallets is essential for user satisfaction. 🔸Tether's integration may boost Bitcoin adoption. 🔸Developers should prioritize payment capabilities before receiving capabilities. 🔸Collaboration between designers and developers can lead to better products. 🔸User experience improvements can be low-hanging fruit for wallet projects. 🔸A global hackathon aims to promote miner decentralization. 🔸Resources like BOLT12 and the Bitcoin Design Guide are valuable for developers. 🔸Engaging with the community can lead to innovative solutions. Timestamps: (00:00) - Intro (01:10) - What is the current state of Bitcoin usage - Payments or Savings? (04:32) - Comparing Bitcoin with physical cash (07:08) - What is the western perspective on Bitcoin payments? (11:30) - Would people use Bitcoin more with improved UX? (17:05) - Exploring payment protocols: Bolt11, LNURL, Bolt12 & BIP353 (23:34) - Sponsors (30:14) - Navigating Bitcoin wallet compatibility challenges (34:45) - What is the role of designers in wallet development? (42:13) - Sponsors (43:13) - Rumble’s integration of Tether & Bitcoin; The impact of Tether on Bitcoin adoption (51:22) - Resources for wallet developers and designers Links: https://x.com/conorokus https://x.com/StephenDeLorme https://bolt12.org/ https://twelve.cash/ https://bitcoin.design/guide/ https://youtu.be/IWTpSN8IaLE?si=hYjDn7FSICTRoXW8 https://minehackers.atlbitlab.com/ Sponsors: Bold Bitcoin CoinKite.com (code LIVERA) Lana by Galoy Stephan Livera links: Follow me on X: @stephanlivera Subscribe to the podcast Subscribe to Substack…
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Stephan Livera Podcast
1 Ark: Scaling Bitcoin Payments with Steven Roose | SLP645 1:17:08
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Play Later Play Later Lists Like LikedStephan chats with Steven Roose, CEO of SecondBTC, about Ark, a new Layer 2 solution for Bitcoin that aims to simplify self-custodial payments. They discuss the challenges of onboarding new users to Bitcoin, the unique features of Ark compared to other solutions like Liquid and Cashu, and the importance of maintaining user control over funds. The conversation also touches on the recent Signet launch, scalability concerns, and practical use cases for Ark in facilitating Bitcoin transactions. Steven also explores future plans for the Mainnet launch, the possibility of competing ARC servers, and the implications of CTV and CheckSig from Stack on efficiency gains in the Bitcoin ecosystem. Takeaways 🔸Ark aims to simplify self-custodial Bitcoin payments. 🔸The onboarding experience is crucial for new users. 🔸Ark allows users to receive payments without managing channels. 🔸Self-custodial solutions are essential for user control over funds. 🔸The server in Ark does not take custody of user funds. 🔸Rounds in Ark help refresh VTXOs and manage payments. 🔸Mobile experience is a key focus for Ark's development. 🔸Signet launch aims to engage early adopters and developers. 🔸Scalability will depend on user participation in rounds. 🔸Self-custody is important for both payments and savings in Bitcoin. There's not a lot of use on-chain currently. 🔸Ark focuses on retail payments, while Ark Labs targets app development. 🔸Liquidity constraints are minimized by user behavior in refreshing VTXOs. 🔸Fees will be charged at both server and app levels. 🔸The user experience with Ark is better than existing solutions. 🔸Covenants could significantly enhance Ark's functionality. 🔸The importance of liquidity management in server operations. 🔸Ark aims to onboard users who would otherwise use custodial wallets. 🔸The potential for competing Ark servers is currently low. 🔸Ark is actively being developed and tested on Signet. Timestamps: (00:00) - Intro (01:12) - What is Ark? (03:21) - What is the Ark approach to self-custody? (05:52) - Reducing the onboarding hurdle for users with Ark (07:32) - How does Ark compare with Liquid & eCash? (11:37) - How does a user interact with an Ark server? (12:41) - How do Ark rounds work? (17:07) - Who benefits from Ark? (25:05) - Ark mobile experience and app management challenges (27:20) - Ark’s signet launch (28:45) - What are the user limits for Ark? (33:25) - Practical use cases for Ark in Bitcoin transactions; Importance of self-custody in Bitcoin (38:27) - What is the difference between Second and Ark Labs? (40:48) - What are the liquidity constraints in Ark? (44:55) - Understanding the cost structures in Ark (49:49) - The role of custodial solutions for onboarding users; Plans for Mainnet launch (52:17) - Is there a possibility of competing Ark servers in the future? (55:20) - Liquidity management & user fees (59:04) - Ark’s future with CTV (1:07:32) - What is the potential of CTV and CHECKSIGFROMSTACK? (1:15:05) - The importance of Ark in Bitcoin's Ecosystem Links: https://x.com/stevenroose3 https://x.com/2ndbtc https://delvingbitcoin.org/t/ctv-csfs-can-we-reach-consensus-on-a-first-step-towards-covenants/1509 https://x.com/stevenroose3/status/1865141234026602784 Sponsors: Bold Bitcoin CoinKite.com (code LIVERA) Lana by Galoy Stephan Livera links: Follow me on X: @stephanlivera Subscribe to the podcast Subscribe to Substack…
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Stephan Livera Podcast
1 Scaling Bitcoin with ZK Rollups with David Seroy and Sims | SLP644 1:07:51
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Play Later Play Later Lists Like LikedIn this conversation with Stephan, David and Simanta discuss the implications of ZK Roll-ups for Bitcoin. They explore the benefits of ZK Roll-ups as a scaling solution, the trade-offs compared to other technologies like Lightning Network and sidechains, and the vision behind Alpen Labs. The discussion also touches on the mechanics of ZK Roll-ups, user experience, and the potential impact of BitVM on the ecosystem. The conversation highlights the challenges and limitations of current technology while emphasizing the future possibilities for Bitcoin's programmability and user interaction. David & Simanta also address the risks associated with ZK Rollups, particularly in terms of data availability and trust assumptions, while exploring the future of Bitcoin and the implications of increased data usage on the network. Takeaways 🔸ZK Roll-ups provide an alternative scaling solution for Bitcoin. 🔸They reduce trust assumptions compared to sidechains. 🔸ZK Roll-ups enhance programmability and expressivity for Bitcoin. 🔸Alpen Labs aims to build a truly open platform for Bitcoin. 🔸The team believes in Bitcoin as the best form of money. 🔸ZK Roll-ups can improve user experience and privacy. 🔸There are still limitations in Bitcoin's current technology. 🔸BitVM introduces new possibilities for ZK Roll-ups. 🔸The peg between ABTC and BTC is crucial for functionality. 🔸Future user experiences can be more intuitive and secure. ZK Rollups can leverage existing EVM tooling and network effects. 🔸The target users for ZK Rollups are those needing stable coins and borrowing products. 🔸Competitive lending solutions on Bitcoin can outperform traditional finance. 🔸Minimizing trust assumptions is crucial for the security of ZK Rollups. 🔸Data availability is a key challenge that needs addressing in rollups. 🔸Users can choose their data availability options based on their needs. 🔸The design space for Bitcoin protocols is limited but can be expanded. 🔸Covenants could simplify the implementation of ZK Rollups on Bitcoin. 🔸Increased data usage on Bitcoin could lead to higher transaction fees. 🔸The future of Bitcoin may involve a mix of on-chain and off-chain solutions. Timestamps: (00:00) - Intro (01:00) - What are the benefits of ZK rollups for Bitcoin? (03:55) - What is the role of Alpen Labs in helping scale Bitcoin? (09:32) - Are ZK rollups beneficial to Bitcoin? (11:30) - The mechanics of ZK rollups (18:13) - Challenges and limitations of current tech in Bitcoin (20:47) - Sponsors (23:29) - How does BitVM complement ZK rollups? (31:46) - The experience of using A-BTC for the end user (35:16) - Building the network effects for ZK rollups on Bitcoin (39:11) - Who would be the users of A-BTC? (43:42) - The competitive lending solutions for Bitcoin (46:02) - What are the risks in ZK rollups? (50:47) - Sponsors (51:52) - What is the ‘Data Availability’ problem? (1:04:21) - What is the future of rollups on Bitcoin? Links: https://x.com/david_seroy https://x.com/simanta_gautam https://x.com/alpenlabs https://www.alpenlabs.io/ https://x.com/strata_BTC https://www.alpenlabs.io/blog/introducing-the-strata-bridge https://x.com/david_seroy/status/1756719864046317792 Sponsors: Bold Bitcoin CoinKite.com (code LIVERA) Lana by Galoy Stephan Livera links: Follow me on X: @stephanlivera Subscribe to the podcast Subscribe to Substack…
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Stephan Livera Podcast
1 Bitcoin Education & Adoption with Niftynei | SLP643 55:58
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Play Later Play Later Lists Like LikedLisa, the founder of Base 58 and BTC++, discusses her focus on Bitcoin education and the growth of the Bitcoin++ conference series. She highlights the importance of building a global community of Bitcoin developers and the challenges of funding open-source projects. In this conversation, Lisa and Stephan discuss the evolving landscape of Bitcoin, focusing on decentralization in block construction, the challenges faced by small miners, and the importance of mining incentives. They explore upcoming Bitcoin conferences and their themes, innovations in privacy, and the growth of the Lightning Network. The discussion emphasizes the need for better tooling and understanding of protocol changes to foster Bitcoin adoption and maintain its decentralized nature. Takeaways 🔸Lisa spends most of her time on Bitcoin++ events. 🔸The Bitcoin++ conference series aims to build a global developer community. 🔸There are about 250 full-time developers working on Bitcoin. 🔸Funding for Bitcoin development often comes from philanthropy. 🔸Education can create cash flow for Bitcoin projects. 🔸AI tools are changing how developers create and learn. 🔸Community interaction is essential for effective learning. 🔸The future of education may focus on entertainment and engagement. 🔸Thematic events can enhance the learning experience. 🔸Mempools and mining are critical topics in Bitcoin development. Decentralization in block construction is crucial for small miners. 🔸Mining incentives must be aligned to ensure network health. 🔸Privacy innovations like pay join and silent payments are vital. 🔸The Lightning Network is becoming more accessible and widely used. 🔸Payments in Bitcoin are driven by network effects among users. 🔸Tooling improvements are essential for broader Bitcoin adoption. 🔸Understanding Bitcoin protocol changes is necessary for community engagement. 🔸Upcoming conferences will focus on diverse themes in Bitcoin technology. 🔸Small miners require equal access to mempool transactions. 🔸The Bitcoin ecosystem is evolving with new privacy and scaling solutions. Timestamps: (00:00) - Intro (00:56) - What’s currently happening with Base58 & Bitcoin++? (02:19) - The need for growth of Bitcoin conferences (07:15) - What is the size of the Bitcoin developer community? (12:03) - The future of Bitcoin development & education; AI’s impact on Bitcoin learning & development (18:34) - What is the role of community in learning? (20:10) - Sponsors (27:12) - What are the upcoming Bitcoin++ events? (30:09) - Evolution of mempool tools; Mining incentives; Challenges of small miners (36:18) - The importance of various themes in Bitcoin++ conferences (39:27) - Sponsors (41:00) - What are the upcoming privacy innovations in Bitcoin to look forward to? (46:43) - Understanding Bitcoin protocol changes (49:40) - The growth of Lightning Network (55:12) - Closing thoughts Links: https://x.com/niftynei https://btcpp.dev/ https://x.com/base58btc https://x.com/btcplusplus Sponsors: Bold Bitcoin CoinKite.com (code LIVERA) Lana by Galoy Stephan Livera links: Follow me on X: @stephanlivera Subscribe to the podcast Subscribe to Substack…
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Stephan Livera Podcast
1 Bitcoin-collateralized loans with Philipp Hoenisch | SLP642 1:01:30
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Play Later Play Later Lists Like LikedStephan discusses the evolution of Bitcoin and the challenges of self-custody with Philip Hoenisch, co-founder of Lendasat. They explore the transition from traditional finance to on-chain solutions, the importance of self-custody, and the ideological divides within the Bitcoin community. Philipp shares his insight on the intricacies of Bitcoin lending, focusing on liquidation processes, collateralization ratios, and the role of technology in managing these aspects. He explains the cost structures associated with lending, including origination fees and transaction costs, and explores the potential for loan rollovers and credit lines. The discussion also touches on the future of stablecoins amidst regulatory risks and the growth of the lending market, particularly from the perspective of lenders. Finally, the conversation highlights the impact of technological innovations like CheckTemplateVerify (CTV) on the Bitcoin ecosystem. Takeaways 🔸Bitcoin is a cypherpunk tool for decentralization. 🔸Self-custody is essential for true Bitcoin adoption. 🔸The traditional finance system is not designed for self-sovereignty. 🔸Many people are not technically equipped to self-custody Bitcoin. 🔸Lendasat aims to provide a collateralized lending solution for Bitcoin. 🔸Interest rates in Bitcoin lending are expected to decrease over time. 🔸KYC regulations are a significant hurdle for Bitcoin lending platforms. 🔸DLCs can automate and secure loan agreements on Bitcoin. 🔸User experience is crucial for broader Bitcoin adoption. 🔸The future of lending may involve integrating fiat and stablecoins. Liquidation occurs when collateral falls below a certain threshold. 🔸Lenders can set their own collateralization ratios. 🔸Technology plays a crucial role in monitoring liquidation events. 🔸The app automates notifications for lenders regarding their loans. 🔸Origination fees are a primary cost in Bitcoin lending. 🔸Loan rollovers allow borrowers to extend their loans easily. 🔸Stablecoins face regulatory risks that could impact their use. 🔸Lenders may come from both retail and institutional backgrounds. 🔸The future of lending may involve innovative financial products. 🔸Technological advancements like CTV could enhance Bitcoin's lending capabilities. Timestamps: (00:00) - Intro (00:52) - Pivoting from 10101 Finance to Lendasat (03:15) - Will the future of Bitcoin be On-chain or TradFi?; The importance of self-custody in Bitcoin (08:29) - Is there an ideological echo chamber hindering Bitcoin’s adoption? (11:49) - The case for Lendasat (14:26) - Managing interest rates and loan terms in Bitcoin lending (19:43) - Sponsors (22:00) - What are the KYC & AML related hurdles in Bitcoin lending? (23:22) - What is Lendasat ? (30:53) - How does DLC work in Bitcoin lending with Lendasat? (33:47) - Understanding liquidation criteria and collateralization terms with Lendasat (35:34) - How is technology overseeing liquidation processes? (39:04) - Sponsors (43:16) - Cost structures, loan rollovers and credit lines (48:57) - The future of stablecoins (54:29) - Lender’s perspective and market growth potential (56:45) - What will be the impact of CTV on Bitcoin lending markets? (59:53) - Closing thoughts Links: https://x.com/bonomat https://x.com/lendasat https://lendasat.com/ Sponsors: Bold Bitcoin CoinKite.com (code LIVERA) Lana by Galoy Stephan Livera links: Follow me on X: @stephanlivera Subscribe to the podcast Subscribe to Substack…
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Stephan Livera Podcast
1 The Bitcoin Strategy of Semler Scientific with Eric Semler | SLP641 1:03:13
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Play Later Play Later Lists Like LikedEric Semler, chairman of Semler Scientific, shares his journey from being an investor in technology and media to adopting a Bitcoin treasury strategy for his company. He discusses the origins of Semler Scientific, the challenges faced in the healthcare sector, and how he became convinced of Bitcoin's potential as a store of value. Eric elaborates on the transition from personal conviction in Bitcoin to implementing a corporate strategy, navigating regulatory hurdles, and the evolution of Bitcoin treasury strategies. He also addresses the concept of zombie companies and their potential to benefit from adopting Bitcoin as part of their financial strategy. The strategic timing for deploying Bitcoin in business operations, the high hurdle rate associated with Bitcoin investments, and the evolving landscape of Bitcoin treasury companies are few of the other aspects discussed in depth. Takeaways 🔸Semler Scientific was founded 20 years ago by Eric's father. 🔸The company focuses on medical devices, particularly for screening peripheral artery disease. 🔸Eric's journey with Bitcoin began in 2013 but solidified in 2017. 🔸He was influenced by notable figures like Tom Lee and Michael Saylor. 🔸The company adopted a Bitcoin treasury strategy in May 2021. 🔸They faced regulatory challenges with the SEC during the adoption process. 🔸The board was supportive of the Bitcoin strategy despite initial skepticism. 🔸Eric believes that many companies should adopt a Bitcoin treasury strategy. 🔸Zombie companies are those with cash but lack growth and market interest. 🔸Eric advocates for these companies to consider Bitcoin as a valuable asset. Tech CEOs may 🔸personally hold Bitcoin but hesitate to adopt it for their companies. 🔸Advising zombie companies to start with small Bitcoin investments can be effective. 🔸Calling a company a 'zombie' can be insulting and counterproductive. 🔸Companies should focus on accumulating Bitcoin rather than using it for operations. 🔸The hurdle rate for Bitcoin investments is exceptionally high. 🔸Market saturation could impact the success of Bitcoin treasury companies. 🔸Institutional investors have strict mandates that limit direct Bitcoin purchases. 🔸The current market drawdown may deter companies from investing in Bitcoin. 🔸Long-term strategies are essential for navigating Bitcoin's volatility. 🔸The potential for Bitcoin to exceed gold's value presents significant opportunities. Timestamps: (00:00) - Intro (01:54) - The story of Semler Scientific (06:09) - How did Eric stumble down the Bitcoin rabbit hole? (09:10) - Semler Scientific adopting the Bitcoin Treasury Strategy (16:34) - Convincing the stakeholders and the board of Semler Scientific to adopt BTC (18:32) - Exploring financial engineering to buy more Bitcoin (20:42) - Sponsors (22:57) - Semler Scientific’s value as a MedTech & Bitcoin Treasury company (26:38) - How is the debt structured to acquire more Bitcoin? (29:02) - What is the future of Bitcoin Treasury Companies? (31:40) - What is a zombie company?; The case for Bitcoin in zombie companies (36:00) - The role of Tech CEOs in Bitcoin adoption (37:29) - Advising zombie companies on Bitcoin (39:27) - Sponsors (40:39) - Are zombie companies sensitive to criticism? (43:58) - When should a company deploy Bitcoin in its business strategies? (46:45) - Should Bitcoin be a hurdle rate for investments? (51:18) - Bitcoin treasury companies managing market saturation (54:39) - Understanding the investor landscape for Bitcoin Treasuries (59:33) - How does Semler navigate bear cycles? (1:01:53) - Closing thoughts Links: https://x.com/SemlerEric https://www.semlerscientific.com/ https://x.com/SemlerEric/status/1892924967940993250 Sponsors: Bold Bitcoin CoinKite.com (code LIVERA) Lana by Galoy Stephan Livera links: Follow me on X: @stephanlivera Subscribe to the podcast Subscribe to Substack…
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Stephan Livera Podcast
1 How Lightning Builders Can Improve Bitcoin Wallets with Nick Slaney | SLP640 1:00:43
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Play Later Play Later Lists Like LikedIn this episode, Stephan speaks with Nick Slaney about the current state and future of the Lightning Network. They discuss the misconceptions surrounding Lightning adoption, the legal challenges faced by developers, and the opportunities for Lightning Service Providers (LSPs). Nick shares insights on hosted channels, liquidity management, and the user experience of Lightning, emphasizing the importance of understanding costs associated with using the network. The conversation highlights the potential for growth and innovation in the Lightning ecosystem as it continues to evolve. In this conversation, Stephan and Nick Slaney delve into the intricacies of the Lightning Network, Bitcoin fees, and the role of stablecoins in the crypto ecosystem. They discuss the real-world user experience with Bitcoin and Lightning, emphasizing the importance of understanding user needs and the misconceptions prevalent in online discussions. The conversation also touches on the implications of Taproot assets for the Lightning Network and the future of Bitcoin development, highlighting the need for better user experiences and broader adoption. Takeaways 🔸Lightning has seen significant growth in volume over the past year. 🔸Misunderstandings about Lightning's functionality can lead to misconceptions. 🔸Legal challenges have created a chilling effect on Lightning adoption in the US. 🔸LSPs are a viable business model for facilitating Lightning transactions. 🔸Hosted channels can help onboard casual users to Lightning. 🔸User experience is crucial for the adoption of self-custodial wallets. 🔸Costs associated with using Lightning can vary based on user behavior. 🔸The Lightning Network is not free; users must consider on-chain fees. 🔸There is a need for better tools to facilitate movement between Lightning and on-chain Bitcoin. 🔸The future of Lightning looks promising with ongoing developments and innovations. 🔸Real-world users are often willing to pay higher fees for Bitcoin transactions. 🔸The fee structure for Lightning transactions can be misunderstood online. 🔸Stablecoins serve a purpose in regions where users cannot access dollars. 🔸Self-custody offers assurance and control over Bitcoin holdings. 🔸The Lightning Network needs to focus on user experience to drive adoption. 🔸There is a disconnect between online Bitcoin discussions and real-world user experiences. 🔸Taproot assets could change the dynamics of stablecoins on the Lightning Network. 🔸The future of Bitcoin may involve integrating fiat systems with Lightning payments. 🔸Building trust and brand recognition is crucial for crypto applications. 🔸The Bitcoin community should prioritize real-world applications and user needs. Timestamps: (00:00) - Intro (01:14) - How has the Lightning network progressed with time? (04:06) - What are the tradeoffs with Lightning? (07:15) - What are the current legal challenges and their impact on Lightning? (10:16) - Opportunities for Lightning Service Providers (LSPs) (13:11) - How does an LSP identify a profitable channel?; What is a Hosted channel? (16:13) - The challenge of UX and cost considerations in Lightning (18:05) - Sponsors (19:55) - “Graduated wallet approach” (22:12) - What is the actual number of people that can use Lightning? (27:00) - What are the individual costs of using self-custodial Lightning? (33:36) - Misconceptions about Lightning (35:26) - Sponsors (37:43) - Real-world user perspectives on Bitcoin and Lightning (41:16) - What is the role of Stablecoins in the payment ecosystem? (50:44) - Taproot Assets and their impact on Lightning Network (58:09) - The future of Bitcoin & Lightning Development Links: https://sats.build/self-custody-lightning-2025/ https://x.com/nick_slaney/status/1889679185313960320 Sponsors: Bold Bitcoin CoinKite.com (code LIVERA) Lana by Galoy Stephan Livera links: Follow me on X: @stephanlivera Subscribe to the podcast Subscribe to Substack…
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Stephan Livera Podcast
1 Bitcoin Adoption in Australia with Ethan Timor | SLP639 1:07:48
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Play Later Play Later Lists Like LikedIn this episode, Stephan Levera interviews Ethan from Bitaroo, discussing the current state of Bitcoin in Australia, regulatory challenges, the importance of self-custody, and the evolving landscape of cryptocurrency exchanges. They explore the implications of regulations like the FATF and AFSL, the role of banks in facilitating or hindering Bitcoin transactions, and the need for consumer protection and self-responsibility in the crypto space. The conversation also touches on proof of reserves and market trends influencing Bitcoin adoption. Takeaways 🔸Bitaroo is a prominent Bitcoin-only exchange in Australia. 🔸The FATF regulations impact how financial institutions handle Bitcoin transactions. 🔸AFSL regulations may change the landscape for Bitcoin businesses in Australia. 🔸User experience may suffer due to increased compliance requirements. 🔸Self-custody is essential for Bitcoin users to maintain control over their assets. 🔸Banks are increasingly blocking transfers to Bitcoin exchanges, complicating access. 🔸Consumer protection should encourage self-responsibility rather than dependence on government. 🔸Proof of reserves could enhance trust in cryptocurrency exchanges. 🔸Market trends indicate a shift towards institutional investment in Bitcoin. 🔸Advocating against restrictive regulations is crucial for the Bitcoin community. Timestamps: (00:00) - Intro (01:01) - How does the Bitcoin landscape look currently in Australia? (09:20) - What is AFSL? (14:57) - Sponsors (15:57) - What other Bitcoin-centric regulations can Australians expect? (18:29) - How is Bitaroo ensuring its users practice self-custody? (23:14) - The dilemma b/w self custody vs. custodial solutions (29:59) - Is it worthwhile to lobby for lesser regulations? (36:42) - Libertarian perspective & the current situation in Australia (38:40) - Are some Australian banks blocking Bitcoin transactions? (46:56) - Sponsors (49:57) - Is Bitaroo KYC-free for merchants? (55:25) - Will Proof of Reserves for exchanges be popularised in Australia? (1:02:14) - Future adoption of Bitcoin and Market trends Links: https://x.com/EthanBitcoin https://x.com/BitarooExchange https://x.com/AusBTCIndBody https://bitcoinalive.io/ Sponsors: Bold Bitcoin CoinKite.com (code LIVERA) Lana by Galoy Stephan Livera links: Follow me on X: @stephanlivera Subscribe to the podcast Subscribe to Substack…
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Stephan Livera Podcast
1 Bitcoin, State Surveillance & Privacy with Harsha Goli | SLP638 1:01:41
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Play Later Play Later Lists Like LikedHarsha & Stephan discuss the challenges Bitcoin businesses face regarding regulation, particularly the tightening KYC and AML requirements. Harsha highlights the implications of these regulations on the Bitcoin ecosystem and the role of custodians. The discussion also touches on the evolving regulatory landscape, the impact of political administrations on crypto regulation, and the future of stablecoins. Harsha emphasizes the need for clarity in regulations and the importance of maintaining a balance between compliance and the freedom that Bitcoin offers. The conversation also highlights the challenges developers face in creating tools that respect user privacy while navigating regulatory landscapes. They conclude by exploring the potential future of Bitcoin upgrades and the importance of lobbying for less restrictive regulations to foster industry growth. Takeaways 🔸Bitcoin businesses face significant regulatory challenges. 🔸KYC and AML regulations are tightening around Bitcoin. 🔸The government controls the flow of money through conversion points. 🔸FinCEN guidance has evolved, impacting Bitcoin regulation. 🔸Political administrations influence the regulatory landscape for crypto. 🔸Stablecoins are seen as an extension of the fiat system. 🔸Surveillance exists in both traditional finance and crypto. 🔸Fraud is a major issue in the crypto space. 🔸The government is not effectively targeting crypto criminals. 🔸There is a need for clarity in crypto regulations. There are genuine concerns about KYC and AML regulations. 🔸Chain surveillance companies are influencing the perception of 'clean' and 'dirty' coins. 🔸Bitcoin's privacy needs are becoming increasingly critical. 🔸Upgrades like PayJoin can enhance Bitcoin's privacy. 🔸The government may not be able to stop Bitcoin upgrades if there's enough inertia. 🔸The current regulatory environment is costly and burdensome for businesses. 🔸Lobbying for less regulation is essential for the growth of the crypto industry. 🔸The effectiveness of AML regulations is highly questionable. 🔸Bitcoin's future may involve more privacy-focused upgrades. 🔸The crypto landscape is a long game, requiring sustained effort. Timestamps: (00:00) - Intro (01:27) - Who is Harsha Goli & what is Magnolia? (02:50) - The KYC/AML noose around Bitcoin is tightening (08:22) - What are the implications of the FinCEN guidance? (12:46) - How does a change in political administration affect cryptocurrency regulations? (15:39) - The aftermath of Samourai wallet hearing; Bank Secrecy Act (17:32) - Sponsors (20:38) - Does the existence of stablecoins help people stay away from the fiat system? (23:50) - Surveillance in TradFi vs. Crypto (29:48) - Travel Rule compliance and Fraud in crypto transactions (35:22) - Privacy needs in Bitcoin: A developer's perspective (39:34) - What are the possible privacy enhancements in Bitcoin? (42:08) - Can Bitcoin be upgraded for better privacy? (42:39) - Sponsors (53:27) - Lobbying for lesser regulation Links: https://x.com/_arshbot/ https://x.com/joinMagnolia https://magnolia.financial/ https://blockspace.media/insight/the-boring-banal-way-big-brother-can-shackle-bitcoin/ Sponsors: Bold Bitcoin CoinKite.com (code LIVERA) Lana by Galoy Stephan Livera links: Follow me on X: @stephanlivera Subscribe to the podcast Subscribe to Substack…
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Stephan Livera Podcast
1 Bitcoin Scaling, 'Ossification' and OP NEXT with Will Foxley | SLP637 1:00:44
1:00:44 Play Later Play Later Lists Like Liked1:00:44
Play Later Play Later Lists Like LikedWill Foxley, co-founder of BlockSpace Media and host of the Mining Pod chats with Stephan about the need for a dedicated Bitcoin media publication, the upcoming OP NEXT conference focused on scaling Bitcoin, and the importance of fostering conversations among Bitcoin developers, miners, and institutions. Will shares insights on the ossification debate within the Bitcoin community and the role of public Bitcoin miners in shaping the future of Bitcoin. The conversation also emphasizes the need for collaboration and open dialogue to address scaling challenges and the evolving landscape of Bitcoin. Stephan and Will also deep dive into the evolving landscape of Bitcoin mining, highlighting the impact of the China mining ban, the professionalization of the industry, and the relationship between miners and developers. The diverse perspectives on transaction fees, the challenges faced by public and private miners, and the importance of custodians in securing Bitcoin are some of the other key points that are raised as well. Takeaways 🔸BlockSpace Media aims to fill the gap in Bitcoin media. 🔸OP NEXT is a revival of the scaling Bitcoin conference. 🔸Scaling Bitcoin is not an urgent issue at the moment. 🔸The conference focuses on bringing together developers and miners. 🔸Institutions play a crucial role in Bitcoin's future. 🔸The ossification debate is about necessary changes versus bug fixes. 🔸Public Bitcoin miners are becoming more involved in development discussions. 🔸The future of Bitcoin may involve more custodial solutions. 🔸Conversations around scaling Bitcoin need to be inclusive. 🔸The importance of self-custody in the Bitcoin ecosystem. The Bitcoin mining ecosystem has dramatically changed post-China mining ban. 🔸Miners are increasingly professionalized and financially robust. 🔸There is a growing need for collaboration between miners and developers. 🔸Transaction fee dynamics reveal diverse miner perspectives. 🔸Public miners leverage capital differently than private miners. 🔸Diversification strategies are emerging among Bitcoin miners. 🔸The halving event significantly impacts miner survival rates. 🔸Custodians play a crucial role in Bitcoin security and wealth protection. 🔸Self-custody remains a viable option for many Bitcoiners. 🔸Engaging ossifiers can enrich the Bitcoin discourse. Timestamps: (00:00) - Intro (01:05) - What is BlockSpace Media? (04:15) - Is Scaling Bitcoin a pressing issue right now? (10:01) - How is OP Next different from other Bitcoin conferences? (14:00) - What is Will’s view on the ossification debate? (17:15) - Hosting OP Next at Strategy offices (19:53) - Sponsors (21:09) - Who will be at OP Next? (25:23) - How do people perceive Bitcoin? (30:50) - How has the Bitcoin mining ecosystem evolved over the years?; Impact of the China mining ban on hashrate distribution (35:24) - The relationship between Miners and Developers (36:24) - Sponsors (39:00) - What are the different perspectives on Bitcoin’s transaction fees? (44:31) - Public vs. Private miners: Efficiency and Capital Access (50:39) - Survival of the fittest Bitcoin miners (54:09) - What is the commercial feasibility of Bitcoin soft fork upgrades? (57:29) - Engaging with the Ossifiers / Bitcoin conservatives Links: https://opnext.dev/ https://x.com/blockspacepod https://x.com/theminingpod https://x.com/wsfoxley Sponsors: Bold Bitcoin CoinKite.com (code LIVERA) Lana by Galoy Stephan Livera links: Follow me on X: @stephanlivera Subscribe to the podcast Subscribe to Substack…
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Stephan Livera Podcast
1 Financialization of Bitcoin with Pierre Rochard | SLP636 1:13:19
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Play Later Play Later Lists Like LikedStephan and Pierre discuss the evolving landscape of Bitcoin, focusing on the dichotomy between securitization and tokenization. They explore the regulatory environment, the challenges of Bitcoin adoption, and the implications of volatility on investor behavior. The discussion also touches upon the financialization of Bitcoin and the misconceptions surrounding tokenization of real-world assets, ultimately questioning the value created through such processes. They also discuss the risks associated with traditional financial systems, the importance of self-custody, the psychological barriers to Bitcoin adoption, is stablecoin a gateway to Bitcoin and the challenges of privacy and surveillance in financial transactions. Takeaways 🔸Regulatory uncertainty was historically the biggest concern for Bitcoin. 🔸The current primary concern for Bitcoin adoption is price volatility. 🔸Bitcoin's community often lacks empathy towards those wary of volatility. 🔸Financialization of Bitcoin has accelerated with the introduction of ETFs. 🔸There is a significant demand for products that cater to different risk appetites. 🔸Tokenization of assets does not create new value; it merely changes the form. 🔸The crypto space often misidentifies problems that need solving. 🔸Investors are more interested in securitized products than decentralized solutions. 🔸The narrative around tokenization is often misleading and oversold. 🔸Real-world applications of blockchain technology can sometimes complicate rather than simplify transactions. Bitcoin's financialization is a key trend for the future. 🔸Investors need to understand the risks of traditional finance. 🔸Securitization of Bitcoin will drive institutional interest. 🔸Regulatory changes are creating new opportunities for Bitcoin. 🔸Self-custody is essential for Bitcoin holders. 🔸Stablecoins can serve as a bridge to Bitcoin investment. 🔸The psychological aspect of investing in Bitcoin is significant. 🔸Privacy concerns in finance are becoming more pronounced. 🔸Bitcoin's volatility is a barrier for some investors. 🔸The future of finance may involve a blend of Bitcoin and traditional assets. Timestamps: (00:00) - Intro (00:55) - What are the primary objections that people have with Bitcoin? (07:20) - Technology vs. Number-Go-Up (15:08) - Which pathway brings more people into Bitcoin? (22:45) - $MSTR leveraging trad-fi to drive its bitcoin treasury strategy (26:30) - The dubious narrative of ‘tokenization of real-world assets’ (32:06) - Sponsors (39:12) - What is the role of Bitcoin in financial strategies? (48:11) - What will be the impact of regulatory changes on Bitcoin? (52:34) - The important concerns over centralization and state capture of Bitcoin (52:22) - Sponsors (58:38) - What are the psychological barriers to Bitcoin adoption? (1:02:22) - Are stablecoins a gateway to Bitcoin? (1:04:24) - The role of surveillance and privacy in financial systems (1:12:00) - Closing thoughts Links: https://x.com/BitcoinPierre Sponsors: Bold Bitcoin CoinKite.com (code LIVERA) Lana by Galoy Stephan Livera links: Follow me on X: @stephanlivera Subscribe to the podcast Subscribe to Substack…
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Stephan Livera Podcast
1 650M+ People Reached on Lightning with Dan O'Prey and Danny Stagg | SLP635 51:49
51:49 Play Later Play Later Lists Like Liked51:49
Play Later Play Later Lists Like LikedThe episode focuses on the evolving narrative of Bitcoin, emphasizing its role as a medium of exchange rather than just a store of value. Dan & Danny explore the advancements in the Lightning Network, the challenges of user adoption, and the importance of awareness in driving Bitcoin's integration into both crypto and fiat worlds. The discussion highlights the potential for Lightning to facilitate peer-to-peer transactions and the future of Bitcoin swaps with stablecoins. Dan & Danny also discuss the improvements in user experience and accessibility, the challenges of mainstream integration, and the technical simplicity that encourages developer adoption. Takeaways 🔸Bitcoin is evolving beyond being just digital gold. 🔸The Lightning Network has matured significantly since its inception. 🔸User experience for Lightning payments has improved dramatically. 🔸Awareness of Lightning's capabilities is still a major hurdle. 🔸Many users are still unaware of the benefits of Lightning. 🔸Integration with fiat systems is crucial for broader adoption. 🔸The number of people who can access Lightning is growing. 🔸Peer-to-peer payments are becoming more feasible with Lightning. 🔸Stablecoins may play a key role in Bitcoin's future. 🔸The community's grassroots efforts are driving Bitcoin adoption. Lightning technology has matured significantly over the past few years. 🔸User experience improvements are crucial for wider adoption of Bitcoin payments. 🔸Mainstream applications integrating Bitcoin will drive significant adoption. 🔸Technical implementation of Lightning is now simpler than ever for developers. 🔸Bitcoin's utility as a currency is becoming more recognized. 🔸Cultural perceptions of Bitcoin need to evolve for broader acceptance. 🔸The cost of using Bitcoin for payments is significantly lower than traditional methods. 🔸Lightning enables microtransactions that were previously impossible with fiat systems. 🔸The importance of awareness and education in the Bitcoin ecosystem cannot be overstated. 🔸Bitcoin's potential as an everyday currency is being realized globally. Timestamps: (00:00) - Intro (00:50) - Why make a ‘Bitcoin Payments’ report? (03:18) - Bitcoin NOT just ‘Digital Gold’ (08:17) - How many people can access the Lightning Network? (12:37) - What are the challenges in awareness & adoption of using Lightning Network? (15:01) - The argument of ‘Peer-to-Peer’ vs. ‘Bank-to-Bank’ transactions (16:53) - Sponsors (19:12) - What are the hurdles for fiat & crypto folks to adopt Lightning? (25:49) - What is the future of Bitcoin swaps & Lightning? (28:34) - The drivers of Lightning Network adoption (33:09) - Sponsors (34:07) - Increased UX & accessibility improvements (39:56) - Mainstream integration & adoption challenges (41:57) - How long does it take to implement Breez? (50:02) - Bitcoin is an everyday currency Links: https://x.com/danoprey https://x.com/dannystagg https://x.com/1A1zBTC/status/1887940532783169954 https://x.com/Breez_Tech/status/1887518233432822182 Sponsors: Bold Bitcoin CoinKite.com (code LIVERA) Lana by Galoy Stephan Livera links: Follow me on X: @stephanlivera Subscribe to the podcast Subscribe to Substack…
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Stephan Livera Podcast
1 The Rise of Bitcoin Banks with Nicolas Burtey | SLP634 59:11
59:11 Play Later Play Later Lists Like Liked59:11
Play Later Play Later Lists Like LikedStephan and Nicolas discuss the evolution of Bitcoin banking, the role of Galoy, and the impact of regulatory changes on the Bitcoin ecosystem. They explore the differences between Bitcoin and fiat banking, the potential for local and global Bitcoin banks, and the future of Bitcoin custody and lending. The discussion also touches on the challenges posed by regulations and how recent changes may open up opportunities for banks to offer Bitcoin services. Nicolas also discusses Lana - a platform designed for banks and financial institutions to offer Bitcoin-backed loans. He explains the complexities of managing collateral and risk in Bitcoin lending, the importance of proof of reserves, and the role of custodians in the banking process. Takeaways 🔸Bitcoin banking can differ significantly from fiat banking. 🔸The Lightning Network has evolved towards a more centralized model. 🔸Bitcoin banks can operate without needing permission, unlike fiat banks. 🔸There is potential for a million Bitcoin banks globally. 🔸Regulatory challenges impact the adoption of Bitcoin by banks. 🔸Recent regulatory changes may encourage banks to offer Bitcoin services. 🔸Custody of Bitcoin is becoming a key focus for banks. 🔸Local Bitcoin banks may have advantages over global ones. 🔸The repeal of SAB121 is a significant step for Bitcoin banking. 🔸Bitcoin collateralized lending is an emerging opportunity. Lana is a landing platform for Bitcoin-backed loans. 🔸Managing collateral risk is crucial in Bitcoin lending. 🔸Proof of reserves should be a standard practice for Bitcoin banks. 🔸Banks can choose their custodians for Bitcoin management. 🔸Lana aims to expedite the market entry for banks. 🔸Traditional banking software may struggle with Bitcoin integration. 🔸Galoy is developing various Bitcoin banking products. 🔸The regulatory environment is influencing banks' Bitcoin strategies. 🔸El Salvador's legal tender law for Bitcoin has been repealed. 🔸Bitcoin adoption in El Salvador has led to increased tourism. Timestamps: (00:00) - Intro (01:08) - How did Galoy start? (04:24) - LN and Bitcoin wallet evolution over time (08:12) - Bitcoin banking vs. Fiat banking (12:15) - Local vs. Global Bitcoin banking models (17:09) - Sponsors (18:42) - What is the future of Bitcoin custody and lending? (22:14) - Why are traditional banks hostile towards Bitcoin? (28:15) - How does repealing SAB121 help Bitcoin? (30:19) - What is Lana? (34:54) - The importance of Proof-of-Reserves in Bitcoin lending products (40:57) - How market-ready is Lana? (42:08) - Sponsors (43:07) - How is Lana different from Traditional banking software? (45:08) - Building Galoy: Bitcoin’s banking infrastructure (48:12) - What is the future of Bitcoin in traditional banking? (50:08) - Insight on the repeal of El Salvador’s Bitcoin legal tender law (55:05) - What is the impact of Bitcoin on El Salvador’s economy? Links: https://x.com/nicolasburtey https://x.com/galoymoney https://x.com/GaloyMoney/status/1887496202591052194 https://www.galoy.io/lana-bitcoin-loans-platform Sponsors: Bold Bitcoin CoinKite.com (code LIVERA) Stephan Livera links: Follow me on X: @stephanlivera Subscribe to the podcast Subscribe to Substack…
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Stephan Livera Podcast
1 Bitcoin for Companies: Risks, Rewards & Real Use Cases with Mason Carter | SLP633 45:30
45:30 Play Later Play Later Lists Like Liked45:30
Play Later Play Later Lists Like LikedMason Carter, co-founder of Acropolis, chats about the adoption of Bitcoin in corporate treasury management. Stephan & Mason discuss the challenges faced by businesses in managing their treasury, the role of Bitcoin as a potential solution, and the importance of custody and regulatory considerations. Mason also shares insights on how companies can get started with Bitcoin, the impact of recent accounting changes, and the future of Bitcoin in banking. They then conclude the conversation with a case study involving eBay and the broader market potential of Bitcoin as a store of value. Takeaways 🔸Bitcoin can help businesses combat inflation and preserve purchasing power. 🔸Not every company should adopt a Bitcoin treasury strategy. 🔸Custody of Bitcoin is a critical concern for corporations. 🔸FASB changes have made it easier for companies to account for Bitcoin. 🔸The future of banking will likely involve specialized Bitcoin services. 🔸20% allocation to Bitcoin is a reasonable starting point for corporations. 🔸Bitcoin is a more efficient store of value compared to traditional assets. 🔸The legitimacy of Bitcoin is increasing among traditional finance leaders. 🔸Education is key for businesses to understand Bitcoin's value. 🔸Counterparty risk is a primary concern for corporate treasurers. Timestamps: (00:00) - Intro (00:48) - What are Early Riders & Acropolis? (02:25) - What are the challenges faced by corporations in treasury management? (04:35) - Should every company with access to public markets adopt Bitcoin acquiring strategies? (06:58) - Getting started with Bitcoin for Corporations (12:20) - What are some of the custody considerations for corporate Bitcoin holdings? (15:19) - Sponsors (17:00) - Regulatory & accounting challenges in Bitcoin adoption (20:42) - What is the impact of FASB changes on corporate Bitcoin accounting? (26:09) - Case study: eBay's Potential Bitcoin Strategy (27:24) - Sponsors (34:24) - Bitcoin's market potential compared to other assets (36:23) - What are the social aspects of Bitcoin adoption? (39:11) - Why should a corporation consider a 20% allocation of Bitcoin for its treasury? Links: https://x.com/AcropolisBTC https://www.acropolistreasury.com/ https://x.com/onchaincowboy Sponsors: Bold Bitcoin CoinKite.com (code LIVERA) Stephan Livera links: Follow me on X: @stephanlivera Subscribe to the podcast Subscribe to Substack…
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Stephan Livera Podcast
1 Myths & Realities surrounding The Federal Reserve with Julian and Peruvian Bull | SLP632 57:16
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Play Later Play Later Lists Like LikedJulian and Peruvian Bull join Stephan to discuss the origins of the Federal Reserve - its creation in 1913 and its implications on the economy. They explore the recent awakening of public awareness regarding economic disparities exacerbated by COVID-19 and the role of central banking in these issues. The discussion contrasts the historical significance of 1913 with the events of 1971, emphasizing the Federal Reserve's influence on monetary policy and the illusion of free markets. They also talk about the flaws of traditional investment strategies, particularly the reliance on government bonds and the 60-40 portfolio model. The implications of government debt on financial markets and the role of the Federal Reserve as a central bank not just for the U.S. but for the world is another key point which is stressed upon. The conversation also explores the historical evolution of central banking, the challenges of ending the Federal Reserve, and the potential of Bitcoin and alternative economies to provide solutions to current financial issues. Takeaways 🔸The Federal Reserve was created in 1913 as a response to financial panics. 🔸COVID-19 has led to a mass awakening regarding economic disparities. 🔸Inflation disproportionately affects lower-income individuals. 🔸The Federal Reserve's policies often benefit the wealthy. 🔸Historical events like the Great Depression highlight the Fed's failures. 🔸The concept of a free market is often misunderstood. 🔸Statistics used by the government can be manipulated to serve narratives. 🔸Recessions can be beneficial for economic correction. 🔸The Federal Reserve operates as a private entity with public implications. 🔸Central banking creates an illusion of stability while fostering fragility. CEOs should be held accountable for poor practices. 🔸Pension funds are making detrimental long-term financial decisions. 🔸The traditional 60-40 investment strategy is outdated and ineffective. 🔸The Federal Reserve's influence has expanded globally over time. 🔸The Eurodollar market is larger than the domestic dollar market. 🔸Ending the Federal Reserve requires significant public support and consensus. 🔸Bitcoin offers a potential alternative to central banking. 🔸There is a growing interest in creating independent economies using Bitcoin. 🔸The financial system is heavily influenced by government regulations and propaganda. 🔸The future of finance may involve decentralized and alternative economic systems. Timestamps: (00:00) - Intro (00:48) - Why do we need to know about the Federal Reserve's origins? (02:50) - Why are people reawakening now?; Role of rising economic disparity (07:38) - WTF happened in 1913? (11:47) - Is the CPI number flawed? (15:40) - Is the Federal Reserve a private entity? (21:18) - The illusion of free markets and central banking (25:44) - Sponsors (28:52) - Is the ‘60-40’ investment strategy still applicable? (34:08) - The impact of government debt on financial markets (37:55) - Stablecoins and its role in infiltrating weak economies (39:08) - Sponsors (41:29) - The Federal Reserve's role in global economics (46:51) - The evolution of central banking; challenges of ending the Federal Reserve (51:15) - The future of alternative economies and Bitcoin Links: https://x.com/kinetic_finance https://x.com/getbasedtv/status/1871607675995537519 https://x.com/peruvian_bull Sponsors: Bold Bitcoin CoinKite.com (code LIVERA) Nomadcapitalist.com/apply Stephan Livera links: Follow me on X: @stephanlivera Subscribe to the podcast Subscribe to Substack…
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Stephan Livera Podcast
1 Emergency Keys & Inheritance with Ben Kaufman | SLP631 1:04:57
1:04:57 Play Later Play Later Lists Like Liked1:04:57
Play Later Play Later Lists Like LikedIn this conversation, Ben Kaufman discusses the evolving relationship between Bitcoin and government, the implications of political engagement for Bitcoiners, and the advancements in self-custody technology. He introduces Miniscript, a programming language for Bitcoin that enhances the flexibility of spending conditions, and explores innovative use cases, particularly in inheritance planning. The discussion also emphasizes the evolving landscape of Bitcoin self-custody, focusing on the security provided by Miniscript, the importance of emergency keys, and the role of Keeper in enhancing user experience. Stephan and Ben also explore the challenges of self-custody, the need for education, and the catalysts that could drive more users towards self-custody solutions. The balance between security and usability is key, highlighting the advancements in technology that make self-custody more accessible to the average user. Takeaways 🔸The Bitcoin community's relationship with government is evolving. 🔸There is a tension between wanting less government and engaging politically. 🔸Miniscript offers a flexible way to define spending conditions in Bitcoin. 🔸User experience in self-custody has significantly improved over the years. 🔸Innovative use cases for Bitcoin technology are emerging, especially in inheritance planning. 🔸Time locks can be managed through absolute and relative methods in Bitcoin. 🔸The setup process for advanced spending conditions is similar to multisig wallets. 🔸Miniscript allows for complex configurations that enhance security. 🔸The importance of backing up wallet configurations cannot be overstated. 🔸Understanding the protocol level of Bitcoin is crucial for security. Miniscript enhances the security of self-custody. 🔸Emergency keys provide a safety net for users. 🔸Redundancy is crucial in recovery solutions. 🔸User verification is essential for security. 🔸Keeper offers flexible options for emergency keys. 🔸Self-custody requires taking full responsibility. 🔸Education is key to increasing self-custody adoption. 🔸The landscape of self-custody is improving rapidly. 🔸Standardized templates for self-custody may emerge. 🔸Technological advancements are making self-custody easier. Timestamps: (00:00) - Intro (01:04) - Bitcoin’s relationship with the government (04:15) - Should governments be convinced not to buy altcoins? (08:09) - What is the current landscape of Bitcoin self custody technology? (11:20) - What is Miniscript? (13:59) - What are some of the useful applications of Miniscript? (16:12) - Sponsors (17:47) - What are Time Locks and how do they work? (23:42) - Setting up advanced spending conditions with Miniscript & Inheritance planning (31:54) - Emergency keys & other Security models (37:46) - Which devices support Miniscript? (39:17) - What does Bitcoin Keeper offer? (41:20) - The future of Miniscript adoption (43:51) - Passphrases vs. Multisig (45:31) - Sponsors (49:13) - Why do normies avoid self-custody? (1:01:15) - Catalysts for self-custody adoption Links: https://x.com/_benkaufman https://x.com/bitcoinkeeper_ Sponsors: Bold Bitcoin CoinKite.com (code LIVERA) Stephan Livera links: Follow me on X: @stephanlivera Subscribe to the podcast Subscribe to Substack…
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Stephan Livera Podcast
1 A Different Tradeoff with Bitcoin Lending? With Andrew Hohns of Newmarket Capital | SLP630 1:02:39
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Play Later Play Later Lists Like LikedAndrew Hohns discusses the maturation of Bitcoin collateralized finance, the unique characteristics that make Bitcoin an exceptional form of collateral, and the innovative financing model of Battery Finance. In this conversation, Andrew also discusses the complexities of capital markets, the challenges posed by inflation for credit investors, and the potential of Bitcoin as a transformative tool in structured finance. He emphasizes the importance of understanding investor needs, managing risks associated with Bitcoin-backed financing, and the global implications of integrating Bitcoin into traditional financial structures. Hohns advocates for a long-term perspective in financial planning and highlights the evolving landscape of finance influenced by digital assets. Takeaways 🔸Bitcoin collateralized finance is becoming more mature. 🔸Short-term borrowing facilities dominate the current market. 🔸High interest rates pose challenges for long-term financing. 🔸Bitcoin's finite nature makes it a powerful asset. 🔸Bitcoin's versatility allows for various applications. 🔸The future of Bitcoin borrowing depends on institutional involvement. 🔸Battery Finance offers a unique financing model. 🔸Borrowers can re-denominate equity into Bitcoin. 🔸Impact investing can be enhanced with Bitcoin. 🔸Lenders have new options with Bitcoin as collateral. Capital markets cater to diverse investor needs and time horizons. 🔸Credit investments are essential for institutions needing income. 🔸Inflation poses significant challenges for credit investors today. 🔸Real returns must be considered to understand investment performance. 🔸Bitcoin can provide a hedge against inflation for credit investors. 🔸Global adoption of Bitcoin is crucial for its integration into finance. 🔸Risk management is vital when incorporating Bitcoin into financing. 🔸Time preferences influence financial decision-making and investment strategies. 🔸Structured finance can benefit from the unique characteristics of Bitcoin. 🔸The future of finance will increasingly involve digital assets like Bitcoin. Timestamps: (00:00) - Intro (00:55) - How does the market perceive Bitcoin? (06:48) - Versatility of Bitcoin (13:35) - Why is Bitcoin exceptional collateral? (15:05) - Sponsors (16:54) - Why have Bitcoin borrowing rates been high? (19:37) - What is Battery Finance and how does it work? (26:50) - Who are the target customers of Battery Finance? (32:01) - Sponsors (33:05) - Lender perspectives in Bitcoin financing (35:54) - The challenge of inflation for credit investors (42:32) - Global Perspectives on Bitcoin (47:39) - How to manage risks in Bitcoin-backed financing? (52:29) - Repealing SAB121 and implications of banks custodying Bitcoin (58:05) - The future of Bitcoin in structured finance Links: https://www.newmarketcapital.com/about-us/ Sponsors: Bold Bitcoin CoinKite.com (code LIVERA) Stephan Livera links: Follow me on X: @stephanlivera Subscribe to the podcast Subscribe to Substack…
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Stephan Livera Podcast
1 SLP629 If You Can Drive, You Can Self Custody Bitcoin with NVK 48:40
48:40 Play Later Play Later Lists Like Liked48:40
Play Later Play Later Lists Like LikedIn this episode, NVK, co-founder and CEO of CoinKite, discusses the fundamentals of Bitcoin self-custody. He covers the importance of self-custody, the different forms of Bitcoin ownership, the significance of private keys, best practices for securing Bitcoin, and tips for choosing the right hardware wallet. NVK highlights that self-custody is a high-responsibility activity and provides practical advice for managing Bitcoin securely. Stephan & NVK discuss the trade-offs associated with different wallet types, best practices for setting up and operating hardware wallets, and the significance of verifying transactions. The conversation also highlights common scams and pitfalls in the cryptocurrency space, providing listeners with actionable advice on how to protect their assets. Ultimately, the speakers encourage individuals to take personal responsibility for their Bitcoin security, likening the learning process to driving a car. Takeaways 🔸Self-custody is essential for true ownership of Bitcoin. 🔸The majority of newcomers buy financialized products, not actual Bitcoin. 🔸Private keys are crucial; losing them means losing your Bitcoin. 🔸Confidence is key in self-custody; practice is necessary. 🔸Different users have different needs for Bitcoin management. 🔸Hardware wallets should prioritize security over price. 🔸Always keep your private keys offline and secure. 🔸Understand the trade-offs of different Bitcoin storage methods. 🔸Use a phone wallet for small amounts and a hardware wallet for larger amounts. 🔸Educate yourself continuously about Bitcoin and self-custody. Hardware wallets range from $100 to $200, making them accessible. 🔸Self-custody is crucial for Bitcoin security. 🔸Always verify addresses through multiple channels before sending Bitcoin. 🔸Never enter your seed words into any online platform. 🔸Use a quiet space for key generation to avoid surveillance. 🔸Test recovery of your wallet before transferring significant amounts. 🔸Be aware of common scams, especially phishing attempts. 🔸Protect your Bitcoin as if its value will increase significantly. 🔸Educate yourself continuously about Bitcoin security practices. 🔸If you can drive, you can learn to self-custody your Bitcoin. Timestamps: (00:00) - Intro (01:33) - Why is self-custody important? (03:47) - Different forms of Bitcoin ownership (09:09) - Self-custody is a high responsibility activity; bitcoinsecurity.guide (11:06) - What are Bitcoin private keys?; Best practices for securing your Bitcoin (16:13) - How to choose the right hardware wallets? (18:27) - Sponsors (24:58) - Tips for managing your Bitcoin; Trade-offs of hardware wallets (29:44) - What is the ‘Key Generation Ceremony’? (36:24) - Sponsors (37:42) - Best practices for Sending and Receiving Bitcoin (42:15) - What are the common scams to avoid? (44:04) - When should a person upgrade their Bitcoin security setup? (46:39) - Outro Links: https://bitcoinsecurity.guide/ https://coldcard.com/docs/ https://x.com/nvk https://x.com/Coinkite Sponsors: Bold Bitcoin CoinKite.com (code LIVERA) Nomadcapitalist.com/apply Stephan Livera links: Follow me on X: @stephanlivera Subscribe to the podcast Subscribe to Substack…
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Stephan Livera Podcast
1 Correcting BBC misinformation on Bitcoin with Susie Violet Ward | SLP628 51:37
51:37 Play Later Play Later Lists Like Liked51:37
Play Later Play Later Lists Like LikedIn this episode, Susie Ward discusses her advocacy for Bitcoin in the UK, focusing on media misrepresentation and regulatory challenges. She critiques the BBC's negative coverage of Bitcoin, highlighting the importance of accurate information and the impact of misinformation on public perception. The conversation then shifts to the FATF travel rule, exploring its implications for privacy and the ineffectiveness of traditional financial regulations in combating money laundering. Susie emphasizes the need for a better understanding of Bitcoin's technology and the dangers of overregulation. Susie and Stephan also discuss the implications of compliance and regulation on Bitcoin adoption, the dangers of debanking, and the political divides affecting financial freedom. The discussion highlights the need for better understanding and education around Bitcoin and the potential risks of centralized control over financial systems. Takeaways 🔸The BBC's coverage of Bitcoin often lacks accuracy and accountability. 🔸Misinformation about Bitcoin can have lasting effects on public perception. 🔸The FATF travel rule is ineffective and infringes on privacy rights. 🔸Many journalists lack the technical background to report accurately on Bitcoin. 🔸Public fear can drive support for unnecessary regulations. 🔸Bitcoin's benefits are often overshadowed by negative media narratives. 🔸The travel rule has not proven to reduce money laundering effectively. 🔸Data privacy is at risk with increasing regulatory demands. 🔸The financial system has not solved the issues it claims to address. 🔸Understanding Bitcoin requires significant research and expertise. Compliance and regulation are making Bitcoin adoption more difficult. 🔸Centralized databases pose risks to individual safety. 🔸Debanking affects millions in the UK without explanation. 🔸Political views can lead to financial exclusion. 🔸The UK is struggling to become a crypto hub despite government interest. 🔸Regulatory measures can hinder retail investors from accessing Bitcoin. 🔸The perception of Bitcoin as 'internet money' leads to ignorance among regulators. 🔸Advocacy and education are crucial for Bitcoin's future in the UK. 🔸Public discourse on controversial topics is essential for understanding. 🔸The implications of programmable money are more dystopian than Orwell predicted. Timestamps: (00:00) - Intro (00:55) - Why is the BBC distorting facts about Bitcoin? (04:55) - What is the impact of misinformation spread around Bitcoin by the BBC among the general public? (09:31) - The importance of fact-checked rebuttals (13:53) - What is the FATF Travel Rule?; What are its implications? (23:22) - Are people pushing for more compliance laws? (24:03) - Sponsors (29:59) - Dangers of overdoing KYC; Debanking & its implications (34:20) - Political divides & Financial freedom (35:28) - Sponsors (38:22) - Is the UK really protecting its investors? (45:36) - George Orwell coin (47:35) - Advocacy for Bitcoin in the UK Links: Susie’s Forbes articles: https://www.forbes.com/sites/susievioletward/ Susie’s Twitter: https://x.com/DecentraSuze How to donate and help bitcoin in the UK: https://uk.bitcoinpolicy.net/membership/individuals/ Sponsors: Bold Bitcoin CoinKite.com (code LIVERA) mempool.space/accelerator Stephan Livera links: Follow me on X: @stephanlivera Subscribe to the podcast Subscribe to Substack…
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Stephan Livera Podcast
1 The Impact of FATF on Global Banking with OpnState | SLP627 1:11:43
1:11:43 Play Later Play Later Lists Like Liked1:11:43
Play Later Play Later Lists Like LikedIn this conversation, OpnState shares his journey from a disillusioned banker to a policy advisor focused on compliance and anti-money laundering (AML) laws. He discusses the complexities of financial regulations, the erosion of individual rights, and the impact of global standard-setting bodies like the FATF on national sovereignty. OpnState emphasizes the presumption of guilt in financial transactions and the challenges posed by compliance culture, while also addressing the future of self-hosted wallets and the potential for pushback against globalist interests. Stephan & OpnState also discuss the dangers of delegating self-sovereignty to political figures and the compliance mindset that has permeated society. There is a need to explore cultural change, legal and political paths to challenge the FATF, and the importance of creating alternative systems; this could be achieved through individual responsibility. Takeaways 🔸Open State transitioned from banking to policy to make a difference. 🔸He highlights the misaligned incentives in traditional banking. 🔸The FATF plays a significant role in shaping global financial regulations. 🔸Compliance laws often lead to a presumption of guilt for all clients. 🔸There is a concerning loss of sovereignty for countries due to global standards. 🔸The culture of compliance is pervasive and stifles individual freedoms. 🔸Self-hosted wallets are at risk of increased regulation. 🔸Countries often have no say in the regulations they must follow. 🔸The effectiveness of AML laws in reducing crime is questionable. 🔸There is potential for nationalist movements to push back against globalist regulations. We are delegating our self-sovereignty to politicians. 🔸The compliance mentality is pervasive in society. 🔸Cultural change is necessary to challenge compliance. 🔸Legal paths to change the FATF are limited. 🔸Creating alternatives to the FATF is essential. 🔸Individual choices can drive societal change. 🔸Choke Point 2.0 represents a significant threat. 🔸Complacency can arise from temporary regulatory relief. 🔸We must take responsibility for our own freedom. 🔸Society needs to shed the virus of compliance. Timestamps: (00:00) - Intro (00:34) - Who is OpnState?; His disillusionment with traditional Banking (05:46) - What is the role of Compliance and AML laws? (08:17) - Information sharing & Privacy concerns (12:36) - Guilty until proven innocent? (16:56) - The growing ‘compliance culture’ & its implications (20:05) - What is the FATF?; Only ~10 countries control the rules (24:39) - Sponsors (26:57) - Why does the Travel Rule affect the future of self-hosted wallets and Bitcoin? (30:19) - What goes into making FATF definitions? (34:05) - What are the dangers of delegating self-sovereignty? (37:29) - Implications of nations embracing the ‘Compliance Mindset’ (43:20) - Can Legal & Political paths lead to change? (47:05) - Sponsors (48:05) - What are the alternatives to FATF? (53:04) - The role of individual choices that affect change (59:08) - Choke Point 2.0 & its implications (1:05:43) - Taking responsibility for personal freedom Links: https://decentralizedregulation.org https://primal.net/profile/npub1v6z4srj4ktch4f3ee9ze2zp7ml4n9rshttmntpamfed0nvpev5fszzuq49 Sponsors: Bold Bitcoin CoinKite.com (code LIVERA) mempool.space/accelerator Stephan Livera links: Follow me on X: @stephanlivera Subscribe to the podcast Subscribe to Substack…
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Stephan Livera Podcast
1 Bitcoin 2025 Guide: Wallets, Nodes & Merchants with BTC Sessions & K3tan | SLP626 1:07:53
1:07:53 Play Later Play Later Lists Like Liked1:07:53
Play Later Play Later Lists Like LikedIn this episode of SLP, the discussion revolves around the advancements in Bitcoin hardware and software, focusing on wallet recommendations for beginners, the trade-offs between different types of wallets, and the importance of hardware wallets for securing Bitcoin. Ben & K3tan share their insights on when to transition from software to hardware wallets, the significance of recovery processes, and the evolving landscape of Bitcoin tools and options available to users. They also discuss various aspects of Bitcoin management, including the importance of testing and upgrading hardware wallets, the role of Bitcoin nodes, and effective merchant solutions for accepting Bitcoin payments.The need for careful planning and testing when handling larger amounts of Bitcoin, the benefits of running a personal Bitcoin node, and the various tools available for merchants to accept Bitcoin, such as BTC Pay Server and ZapRite have been touched upon in the episode as well. Takeaways 🔸Bitcoin hardware and software are continuously evolving. 🔸Choosing the right wallet depends on user experience and comfort level. 🔸Sparrow Wallet is highly recommended for beginners. 🔸Understanding the trade-offs between on-chain and liquid Bitcoin is crucial. 🔸Hardware wallets provide an extra layer of security for Bitcoin holders. 🔸It's important to educate newcomers on the recovery process of wallets. 🔸Thresholds for moving to hardware wallets should be based on comfort with risk. 🔸The ease of use of wallets can significantly impact user experience. 🔸Recovery and inheritance planning is essential for long-term Bitcoin security. 🔸The Bitcoin ecosystem is rich with options for both new and experienced users. Test your backups as you're setting up the device. 🔸Don't rush to move your entire cold stack to new hardware. 🔸Running a Bitcoin node is primarily for personal verification. 🔸BTCPay Server is a reliable option for accepting Bitcoin payments. 🔸You can pay your bills in Bitcoin through specific services. 🔸Building a local community can enhance Bitcoin transactions. 🔸Using gift cards can help manage everyday expenses with Bitcoin. 🔸It's essential to understand the trade-off between time and money in Bitcoin management. 🔸Zaprite offers excellent invoicing solutions for Bitcoin payments. 🔸The current low fees despite high Bitcoin prices indicate a more mature infrastructure. Timestamps: (00:00) - Intro (04:25) - Software Bitcoin Wallets (17:50) - Sponsors (22:52) - Hardware Bitcoin Wallets (30:18) - Sponsors (41:05) - Why do you need to run your own Bitcoin Node? (53:14) - How can merchants use Bitcoin? (58:51) - Practical approaches of living on a Bitcoin Standard (1:06:39) - Outro Links: https://x.com/BTCsessions https://x.com/theBTCmentor https://x.com/_k3tan https://x.com/ministryofnodes Sponsors: Bold Bitcoin CoinKite.com (code LIVERA) mempool.space/accelerator Nomadcapitalist.com/apply Stephan Livera links: Follow me on X: @stephanlivera Subscribe to the podcast Subscribe to Substack…
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Stephan Livera Podcast
1 Can Bitcoin Transform Suriname’s Economy? with Maya Parbhoe | SLP625 57:02
57:02 Play Later Play Later Lists Like Liked57:02
Play Later Play Later Lists Like LikedMaya Parbhoe, a presidential candidate from Suriname and Bitcoin advocate, shares her journey as an entrepreneur and her vision for her country. She discusses the challenges Suriname faces, including economic issues, corruption, and the lack of a capital market. Maya emphasizes the potential of Bitcoin to transform the economy and governance in Suriname, advocating for decentralization and transparency to combat corruption. She outlines her plans for a technocratic government and the importance of privatization and innovation in driving economic growth. Maya also emphasizes various economic and political strategies for Suriname, focusing on the potential of Bitcoin as a sovereign wealth fund, the rethinking of taxation, and the agility of governance in implementing reforms. Stephan & Maya also discuss the importance of transitioning state employees to new industries, the role of nuclear energy in innovation, and the political landscape leading up to the elections. Takeaways 🔸Maya has been an entrepreneur since age 15. 🔸She discovered Bitcoin in 2012 and became an advocate. 🔸Suriname lacks a capital market and financial infrastructure. 🔸The country is rich in natural resources but faces economic challenges. 🔸Maya's father was murdered due to corruption, influencing her views. 🔸She aims to make Bitcoin legal tender in Suriname. 🔸Decentralization of power is crucial for reducing corruption. 🔸Maya advocates for a technocratic government to address issues. 🔸Privatization of state-owned enterprises is necessary for growth. 🔸Transparency in government spending can be achieved with Bitcoin. Universal Basic Income was rejected in Switzerland due to cultural values. 🔸Suriname has significant natural resources that can be leveraged for wealth. 🔸Bitcoin could serve as a sovereign wealth fund for generational wealth. 🔸Taxation is viewed as theft, and there are calls to rethink government services. 🔸Governments should operate more like service providers than tax collectors. 🔸Suriname's small population allows for agile governance and rapid reforms. 🔸Transitioning state employees to new industries is crucial for economic diversification. 🔸Nuclear energy presents opportunities for innovation and economic growth. 🔸The political landscape is shifting towards a more decentralized governance model. 🔸External pressures from organizations like the IMF are minimal for Suriname. Timestamps: (00:00) - Intro (00:55) - Who is Maya Parbhoe? (04:47) - Maya's entrepreneurial journey & Discovering Bitcoin through Austrian economics (07:57) - Suriname: Economic conditions & Challenges (12:09) - What is Maya's vision for Suriname's Presidential campaign? (15:02) - Working with @JAN3com towards nation-state Bitcoin adoption (18:23) - Eradicating rampant corruption & working towards Decentralisation of Governance (20:47) - Sponsors (24:05) - Can Bitcoin solve corruption? (27:35) - ‘Corruption bounty’; The future of governance in Suriname (30:45) - Universal Basic Income; Bitcoin as a Sovereign Wealth Fund (33:36) - Sponsors (34:43) - Taxation and the role of Government (38:22) - The benefit of agility in Governance in Suriname (41:13) - Cutting the size of the government & transitioning state employees (43:19) - How does diversifying energy sources help Suriname? (45:04) - Political landscape in Suriname (50:14) - What are the external pressures for Suriname?; Bitcoin bonds Links: https://www.maya2025.com/plan https://x.com/MayaPar25 https://x.com/Daedalus_Labs Sponsors: Bold Bitcoin CoinKite.com (code LIVERA) mempool.space/accelerator Stephan Livera links: Follow me on X: @stephanlivera Subscribe to the podcast Subscribe to Substack…
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Stephan Livera Podcast
1 Power Law and Bitcoin's Growth with Giovanni Santostasi | SLP624 1:46:35
1:46:35 Play Later Play Later Lists Like Liked1:46:35
Play Later Play Later Lists Like LikedIn this conversation, Giovanni Santostasi shares his insight about the power law and its application to Bitcoin. Giovanni starts with his journey of discovering Bitcoin, his background in data analysis, and how he applies scientific methods to understand Bitcoin's behavior. The discussion delves into the concept of power laws, their prevalence in nature, and how they can be used to model various phenomena, including economic systems. Giovanni critiques traditional economic models and emphasizes the importance of data-driven analysis in understanding complex systems like Bitcoin. He explores the nature of Bitcoin as a network, the patterns of adoption, and the implications of power laws in understanding market behavior. Giovanni argues against the existence of bubbles in a power law framework and emphasizes the importance of recognizing the diminishing returns in Bitcoin's growth. The conversation concludes with reflections on the future of Bitcoin and its potential trajectory in the coming years. Takeaways 🔸The power law is a significant concept in understanding Bitcoin's price behavior. 🔸Giovanni's early interest in Bitcoin was sparked by its potential to enable futuristic projects. 🔸Power laws are prevalent in various natural and human systems, including cities and economies. 🔸The S-curve model of adoption is often misapplied in discussions about Bitcoin. 🔸Giovanni discovered that 94% of Bitcoin's behavior can be modeled using a power law. 🔸Understanding power laws can provide insights into complex systems like Bitcoin. 🔸Data analysis is crucial for making sense of economic phenomena. 🔸Giovanni emphasizes the importance of rigorous scientific methods in economics. 🔸The relationship between price and time in Bitcoin follows a power law. 🔸Giovanni aims to bridge the gap between physics and economics through data-driven analysis. Modeling human behavior is complex and often unpredictable. 🔸Market corrections can be anticipated through patterns similar to physical phenomena. 🔸Historical events can exhibit power law characteristics. 🔸Bitcoin's adoption does not follow a traditional S-curve but rather a power law. 🔸Bubbles in Bitcoin are seen as outliers rather than a fundamental aspect of its behavior. 🔸The growth of Bitcoin is expected to slow down over time due to diminishing returns. 🔸Understanding Bitcoin requires a framework that incorporates scaling variant phenomena. 🔸The interactions within the Bitcoin network create a self-regulating system. 🔸Future predictions for Bitcoin should consider its historical behavior and power law dynamics. 🔸The conversation highlights the need for a deeper understanding of economic theories in relation to Bitcoin. The behavior of wallets significantly influences Bitcoin's price dynamics. 🔸Whales have a disproportionate impact on Bitcoin pricing. 🔸Diminishing returns are expected as Bitcoin matures. 🔸Time preference is a crucial concept for Bitcoin investors. 🔸Cities exhibit power law growth, unlike corporations. 🔸Future projections suggest Bitcoin could reach $10 million in 20 years. 🔸Market cycles are likely to continue, with predictable peaks and troughs. 🔸Liquidity is becoming a critical factor in Bitcoin's price movements. 🔸Diminishing volatility may lead to smaller market corrections. 🔸Emotional discipline is essential for successful trading strategies. Timestamps: (00:00) - Intro (01:06) - Giovanni’s journey with Bitcoin (06:37) - Finding Power Law in nature & in Bitcoin (11:32) - What is Giovanni’s view on so-called S-Curve adoption? (15:48) - What is a Power Law?; Mathematical relationship with Bitcoin (20:14) - Power Law in living organisms, planets, languages & cities (31:05) - Contrasting views on economic methodology (33:30) - Sponsors (39:35) - Modeling human behavior & Market dynamics (44:47) - Understanding adoption patterns in Bitcoin (49:05) - Comparing the growth of Bitcoin to that of a virus & internet (56:48) - Debunking price hopium with Power Law (1:03:13) - The future of Bitcoin with diminishing returns (1:09:59) - Scale invariance (Impact of ETFs & Corporations on Bitcoin) (1:13:52) - Understanding Wallet behavior and Price dynamics (1:20:46) - The impact of Time Preference in Bitcoin (1:23:54) - Bitcoin's price trajectory through Power Law (1:24:36) - Sponsors (1:30:57) - Global liquidity & its impact on Bitcoin’s price (1:38:50) - Should you trade Bitcoin?; Managing emotional discipline Links: https://x.com/Giovann35084111 Sponsors: Bold Bitcoin CoinKite.com (code LIVERA) mempool.space/accelerator Stephan Livera links: Follow me on X: @stephanlivera Subscribe to the podcast Subscribe to Substack…
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Stephan Livera Podcast
1 Exploring Nostr and Primal 2.0 with Miljan SLP623 54:50
54:50 Play Later Play Later Lists Like Liked54:50
Play Later Play Later Lists Like LikedIn this conversation, Miljan from Primal discusses the significant updates in the Nostr protocol and the launch of Primal 2.0. The discussion covers the evolution of Nostr, the introduction of a feed marketplace that empowers users, and the diverse communities forming around the platform. Miljan highlights the new features of Primal 2.0, including long-form content capabilities, advanced search functionalities, and the ethical monetization model of Primal Premium. The conversation emphasizes the importance of user agency, authenticity, and the potential of open networks in the social media landscape. Takeaways 🔸Nostr has evolved significantly in usability and user agency. 🔸The feed marketplace allows users to curate their own content experience. 🔸Primal 2.0 introduces major features enhancing user interaction. 🔸Long-form content on Nostr competes with established platforms like Substack. 🔸Nostr's open network fosters authenticity and user sovereignty. 🔸Primal Premium offers ethical monetization focused on user value. 🔸The community dynamics on Nostr are diverse and evolving. 🔸Advanced search capabilities set Nostr apart from other social media. 🔸The future of social media is leaning towards open and decentralized models. 🔸Nostr is at the early stages of a promising development trajectory. Timestamps: (00:00) - Intro(03:02) - The Evolution of Nostr: Major thematic changes so far (05:31) - How is the Feed Marketplace with Primal 2.0 empowering users? (12:48) - How does Nostr foster diverse user groups & emerging communities? (17:14) - What’s new with Primal 2.0? (21:41) - Sponsors (24:05) - Primal 2.0 ‘Reads’ parallels with Substack and Medium (31:16) - The Open Network advantage of Nostr (34:53) - Sponsors (39:24) - Is Nostr a censorship resistant network? (43:57) - How many people are actively using Nostr? (50:06) - What is Primal Premium? Links: https://x.com/mbraticevic https://primal.net/miljan https://x.com/primal_app Bitcoiners, Don’t Sleep on Nostr!: https://youtu.be/7LsIb6D7FtU Sponsors: Bold Bitcoin CoinKite.com (code LIVERA) mempool.space/accelerator Nomadcapitalist.com/apply Stephan Livera links: Follow me on X: @stephanlivera Subscribe to the podcast Subscribe to Substack…
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Stephan Livera Podcast
1 The Evolution of Alby with Michael Bumann | SLP622 1:00:22
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Play Later Play Later Lists Like LikedBumi & Stephan explore the evolution of Alby from a browser extension to a self-custodial Lightning wallet, Alby Hub. The conversation delves into the integration of Nostr for self-sovereign digital identity, security considerations for browser extensions, and the role of LSPs in channel management. Bumi explains the architecture of Alby Hub, its user experience, and pricing models, emphasizing the importance of integrating Bitcoin into various applications. They also discuss the cost structures associated with Bitcoin services, the optimization of Lightning channels, and the challenges of on-chain payments. The conversation highlights the importance of merchant adoption and the innovative Nostr Wallet Connect (NWC) protocol, which decouples wallets from applications, making it easier for developers. They introduce Alby Go, a mobile application designed for seamless payments, and explore the future of self-custodial solutions in the cryptocurrency space. Takeaways 🔸Alby aims to use Bitcoin as open-source money for digital economies. 🔸The Alby browser extension allows seamless Lightning payments on the web. 🔸Nostr integration enhances self-sovereignty in digital identity management. 🔸Security of browser extensions relies on the underlying browser's security model. 🔸Alby Hub is a self-custodial Lightning wallet designed for programmability. 🔸Users can run Alby Hub on various platforms, including cloud and home servers. 🔸LSPs provide liquidity and channel management for Alby Hub users. 🔸Alby Hub aims to simplify user experience with default channel setups. 🔸Pricing for Alby Hub includes hosting fees and LSP charges for channels. 🔸The goal is to make Bitcoin integration easy for developers and users alike. Users need to understand the cost structure of Bitcoin services. 🔸The Lightning Network requires a one-time setup fee for cheaper transactions. 🔸Optimizing channel sizes is crucial for effective use of the Lightning Network. 🔸On-chain payments from Lightning balances are still a challenge. 🔸Merchant adoption is essential for the growth of Lightning payments. 🔸NWC allows applications to communicate with wallets easily. 🔸Alby Go simplifies mobile payments for users. 🔸Self-custodial solutions are becoming easier to use. 🔸Education is key to increasing self-custodial adoption. 🔸The future of Bitcoin services will involve both custodial and self-custodial options. Timestamps: (00:00) - Intro (01:10) - What is Alby? (03:30) - What is the Alby Extension? (06:08) - Integrating Alby with Nostr, Zapping & Value-for-value economy (11:13) - Security for Alby as a browser extension (14:33) - What is Alby Hub? (18:52) - Sponsors (21:22) - Alby Cloud, LSPs & Channel management in Alby Hub (27:03) - Pricing and User Experience of Alby Hub (33:44) - Breaking down the cost structure, Optimising lightning channels (36:57) - Sponsors (37:59) - Switching from/to On-chain payments & Lightning (41:51) - Enhancing merchant adoption with Nostr Wallet Connect (44:32) - What is Nostr Wallet Connect? (51:12) - What is Alby Go? (54:54) - Who are the main users of Alby? (57:09) - The future of self-custodial solutions Links: https://x.com/Bumi https://kosmos.social/@bumi https://x.com/getAlby https://x.com/nwc_dev https://getalby.com/ SLP412 Moritz of Alby - Making Lightning On the Web Easy https://youtu.be/nYqYHgAtUho Sponsors: Bold Bitcoin CoinKite.com (code LIVERA) mempool.space/accelerator Stephan Livera links: Follow me on X: @stephanlivera Subscribe to the podcast Subscribe to Substack…
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Stephan Livera Podcast
1 The Dynamics of Bitcoin's Price Growth with PlanC and Sminston | SLP621 1:07:06
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Play Later Play Later Lists Like LikedPlanC and Sminston to discuss the power law as it applies to Bitcoin. They explore the implications of power law on Bitcoin's price, volatility, and market dynamics, emphasizing its predictive capabilities and the diminishing returns over time. The conversation focuses on the technical aspects of power law, its historical accuracy, and potential factors that could disrupt its validity. The hosts also touch on the S-curve phenomenon in Bitcoin adoption and the overall health of the Bitcoin market. Bitcoin's price projections, the concept of extended cycles, and the implications of the power law on Bitcoin's future are a few things which are talked about too, along with stability of Bitcoin's price model, potential market fluctuations, and the impact of adoption and liquidity on Bitcoin's growth. Lastly, PlanC and Sminston emphasize the importance of understanding market dynamics and the historical patterns that Bitcoin has followed, providing insights for investors and enthusiasts alike. Takeaways 🔸Power law indicates diminishing returns for Bitcoin over time. 🔸Bitcoin's volatility has been decreasing systematically. 🔸The power law model has shown a 4.5% accuracy in price predictions. 🔸A significant event would be needed to disrupt Bitcoin's power law. 🔸The power law provides a more stable growth model compared to exponential growth. 🔸Bitcoin's adoption is a gradual process, not an overnight phenomenon. 🔸The R squared value of the power law is increasing, indicating better fit. 🔸Power law explains Bitcoin's price history with high accuracy. 🔸Market dynamics can fluctuate, but the power law remains intact. 🔸Understanding power law helps in making informed investment decisions. Bitcoin's price can fluctuate significantly, with projections ranging from 35k to 400k. 🔸The stability of Bitcoin's price model is largely established, with 95% confidence in projections. 🔸Adoption and liquidity cycles are crucial in determining Bitcoin's market behavior. 🔸The concept of extended cycles suggests that Bitcoin's growth may not follow traditional four-year patterns. 🔸Historical data shows that Bitcoin has followed a power law growth pattern, indicating long-term stability. 🔸Market dynamics are influenced by institutional adoption and liquidity conditions. 🔸The potential for a muted bear market exists, with less drastic price drops anticipated. 🔸Understanding the power law can provide insights into Bitcoin's future price movements. 🔸The conversation highlights the importance of data analysis in predicting market trends. 🔸Investors should remain aware of the evolving landscape of Bitcoin and its implications for the future. Timestamps: (00:00) - Intro (01:29) - How does Power Law apply to Bitcoin?; Comparing it to Saylor’s Bitcoin24 model projections (04:54) - The math behind Power Law (08:23) - Is Bitcoin on a path of diminishing returns? (13:09) - How accurate is the Power Law model?; Power Law Vs S2F comparison (18:58) - What differentiates Power Law from other models? (22:36) - What could ‘break’ the Power Law? (25:09) - Sponsors (28:17) - The S-curve phenomenon in Bitcoin adoption (34:19) - Bitcoin price projections and Market analysis (39:11) - Sponsors (49:35) - What can be considered an ‘extended cycle’? (55:24) - Sminston With‘s ‘Bitcoin Decay Channel Oscillator’ (1:02:55) - Power Law and its implications for Bitcoin's Future Links: https://x.com/TheRealPlanC https://x.com/sminston_with Best Bitcoin Data Family - https://x.com/i/communities/1856486530056929427 Sponsors: Bold Bitcoin CoinKite.com (code LIVERA) mempool.space/accelerator Stephan Livera links: Follow me on X: @stephanlivera Subscribe to the podcast Subscribe to Substack…
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Stephan Livera Podcast
1 BDP and BOSS Program with Matthew Zipkin and Stacie Waleyko SLP620 49:03
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Play Later Play Later Lists Like LikedMatthew Zipkin and Stacie Waleyko discuss the current state of Bitcoin open source development, the various layers of Bitcoin development, and the need for more contributors in the ecosystem. They emphasize the importance of education and innovative approaches to learning Bitcoin development, sharing success stories from their programs aimed at increasing participation in the Bitcoin community. In this conversation, Matthew and Stacie also share their insights on the various ways individuals can contribute to the Bitcoin ecosystem through the Bitcoin Developer Project (BDP). They explore the importance of personal passion in contributing to Bitcoin, the innovative educational tools and programs available for developers, and the diverse pathways for involvement in Bitcoin development. They also highlight key contributors in the community and the significance of collaboration and open-source contributions in advancing Bitcoin technology. Takeaways 🔸Bitcoin open source development is good but needs improvement. 🔸There are different layers of Bitcoin development: protocol, application, and layer two. 🔸The Bitcoin community is welcoming and encourages contributions from all backgrounds. 🔸Education is key to increasing the number of Bitcoin developers. 🔸Innovative learning tools can help demystify Bitcoin development. 🔸Success stories from programs show diverse backgrounds of contributors. 🔸The need for more funding and support for open source developers is critical. 🔸Understanding Bitcoin's technical side enhances belief in its value. 🔸The Bitcoin ecosystem is vast, yet the number of active developers is small. 🔸Creating engaging educational content is essential for attracting new contributors. 🔸Contributing to Bitcoin can be personalized based on individual passions. 🔸The Bitcoin Developer Project offers a welcoming environment for learners. 🔸Educational tools like BOSS and BTC Demi help ease the learning process. 🔸Active participation as a user can lead to contributions in open source. 🔸Diverse skills are needed in Bitcoin development, from coding to design. 🔸Innovative projects like Warnet simulate Bitcoin networks for research and education. 🔸Community contributions can lead to significant advancements in Bitcoin technology. 🔸The Bitcoin ecosystem thrives on collaboration and meritocracy. 🔸Starting with small contributions can lead to larger opportunities in Bitcoin. 🔸The importance of recognizing and supporting key contributors in the Bitcoin community. Timestamps: (00:00) - Intro (00:45) - Who are Matthew & Satsie? (01:48) - What is the current state of Bitcoin Open Source? (04:11) - What are the different types of Bitcoin Development? (09:18) - The need for more Bitcoin Developers (13:21) - How does BDP lower the barrier to entry in Bitcoin development? (16:48) - Success stories in Bitcoin Development (21:05) - The future of Bitcoin Open Source contributions (22:19) - Sponsors (24:43) - What is the Bitcoin Developer Project (BDP)?; Learning tools and Programs(31:03) - Sponsors(33:07) - Career pathways to contribute to Bitcoin (37:57) - What are the areas of involvement in Bitcoin Development? (44:41) - Shoutouts to key contributors Links: https://learning.chaincode.com/ https://bitcoindevs.xyz/ https://x.com/MatthewZipkin https://x.com/satsie https://savingsatoshi.com/ Sponsors: Bold Bitcoin CoinKite.com (code LIVERA) mempool.space/accelerator Nomadcapitalist.com/apply Stephan Livera links: Follow me on X: @stephanlivera Subscribe to the podcast Subscribe to Substack…
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Stephan Livera Podcast
1 Power Law, Bitcoin & MicroStrategy with Sina | SLP619 1:03:29
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Play Later Play Later Lists Like LikedSina, COO and co-founder of 21st Capital, discusses the application of power law in understanding Bitcoin's growth. He explains how his empirical research led to the development of a power law model that accurately describes Bitcoin's historical price behavior. The discussion delves into the mechanisms behind this model, the reliability of its predictions, and the impact of market maturity on Bitcoin's growth trajectory. Sina also introduces quantile models to provide a probabilistic view of future price predictions, emphasizing the importance of understanding market dynamics and investor behavior. They also discuss the evolving dynamics of Bitcoin mining, the impact of fiat inflation on Bitcoin valuation, and the significance of the power law in Bitcoin's growth. They deep dive into MicroStrategy's unique position in the Bitcoin market, analyzing its premium and market dynamics, and explore the future interplay between MicroStrategy and Bitcoin. Takeaways 🔸Power law models Bitcoin's growth behavior effectively. 🔸Adoption is a key driver of Bitcoin's value. 🔸Reliability of models can be assessed through R-squared values. 🔸Market maturity leads to reduced volatility in Bitcoin. 🔸Quantile models provide a probabilistic view of price predictions. 🔸Historical patterns can inform future expectations. 🔸Latecomers to the market have less impact on price. 🔸Bitcoin's growth is constrained by physical and psychological limits. 🔸ETF purchases are becoming more influential than mining. 🔸Understanding probabilities is crucial for realistic expectations. People are overemphasizing the mining factor in Bitcoin's price. 🔸Long-term holders play a significant role in Bitcoin's market dynamics. 🔸Fiat inflation can impact Bitcoin's nominal price but not its fundamental value. 🔸The power law provides a framework for understanding Bitcoin's growth. 🔸MicroStrategy's premium reflects its unique position in the market. 🔸Investors see MicroStrategy as a way to gain exposure to Bitcoin indirectly. 🔸MicroStrategy's financial engineering allows it to accumulate more Bitcoin over time. 🔸The premium on MicroStrategy shares may fluctuate with market conditions. 🔸Increased institutional interest in Bitcoin could benefit MicroStrategy. 🔸Self-custody remains a critical aspect of Bitcoin investment. Timestamps: (00:00) - Intro (00:54) - What is the Power Law? How does it apply to Bitcoin? (06:44) - Will Power Law patterns hold into the future? (10:09) - Evaluating the reliability of Power Law (15:40) - Does Power Law imply a diminishing return for Bitcoin? (21:08) - Sponsors (23:40) - Quantile models and Future price predictions (31:38) - The evolving dynamics of Bitcoin mining and sell-offs (34:24) - How does fiat inflation influence the Power Law model? (40:59) -Sponsors (43:01) - What’s driving $MSTR to trade at a premium? (48:32) - The future of MicroStrategy and Bitcoin's interplay (56:48) - Impact of corporations adopting the Bitcoin Strategy Links: https://21stcapital.com/ https://x.com/Sina_21st https://www.youtube.com/@21stCapital https://x.com/Sina_21st/status/1858706684904104149 Sponsors: Bold Bitcoin CoinKite.com (code LIVERA) mempool.space/accelerator Stephan Livera links: Follow me on X: @stephanlivera Subscribe to the podcast Subscribe to Substack…
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Stephan Livera Podcast
1 Debunking Climate Myths with Tom Nelson | SLP618 57:12
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Play Later Play Later Lists Like LikedTom Nelson discusses the misconceptions surrounding climate change, particularly the belief that carbon dioxide (CO2) is the primary driver of climate change. He argues that this notion is a significant part of a larger narrative that has been perpetuated for decades, leading to alarmism and extreme policies. The discussion also touches on the evolution of climate catastrophism, the implications of the net zero agenda, and the role of media and funding in shaping public perception. Nelson emphasizes the need for a more nuanced understanding of climate science and the importance of questioning prevailing narratives. Tom & Stephan also discuss the evolution of climate skepticism, the impact of urban heat islands on temperature records, and the misconceptions surrounding extreme weather events and climate change. Emphasis is also laid on the importance of debates in shaping public perception and critiques government subsidies for renewable energy sources. The discussion touches on the potential of Bitcoin as a means of financial freedom in the context of climate change narratives. Takeaways 🔸Carbon dioxide is just one of many factors affecting climate. 🔸Groupthink and power control drive climate alarmism. 🔸The narrative around climate change has evolved over decades. 🔸Net zero policies often lead to absurd consequences. 🔸Many climate policies are based on flawed assumptions. 🔸Public perception is influenced by media narratives. 🔸Funding for climate research often favors alarmist views. 🔸The complexity of climate science is often oversimplified. 🔸Bitcoin mining is unfairly criticized in climate discussions. 🔸There is potential for changing minds within the climate debate. Many well-known climate skeptics once believed in climate change. 🔸Starting with one lie can open up discussions about climate change. 🔸Legacy media's influence is diminishing as alternative media rises. 🔸The urban heat island effect significantly skews temperature records. 🔸Extreme weather events have always existed and are not solely due to climate change. 🔸Debates on climate change are often avoided by alarmists. 🔸Government subsidies for renewable energy are often misallocated. 🔸Fossil fuels are underfunded compared to renewable energy sources. 🔸Public perception of climate change is shifting towards skepticism. 🔸Bitcoin represents a potential shift in financial autonomy against climate narratives. Timestamps: (00:00) - Intro (02:12) - What drives Climate Catastrophism? (07:54) - What are the implications of the ‘Net Zero’ agenda? (12:16) - The role & consequences of media reporting on Climate Crisis (17:35) - Sponsors (23:24) - The Science Funding Dilemma (26:41) - Does Bitcoin mining cause bad weather conditions? (30:51) - The shift in climate skepticism (33:35) - Temperate Records (35:32) - Sponsors (40:40) - How serious are the extreme weather events? (44:15) - Ongoing debates and public perception of climate change narratives (50:02) - Government subsidies for different forms of energy sources (55:33) - Tom’s perspective on Bitcoin Links: https://climatethemovie.net/ https://x.com/TomANelson https://linktr.ee/tomanelson1 Sponsors: Bold Bitcoin CoinKite.com (code LIVERA) mempool.space/accelerator Stephan Livera links: Follow me on X: @stephanlivera Subscribe to the podcast Subscribe to Substack…
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Stephan Livera Podcast
1 Seasteading: A New Way to Live with Joe Quirk SLP617 1:06:01
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Play Later Play Later Lists Like LikedJoe Quirk, president of the Seasteading Institute, discusses the innovative concept of seasteading, which proposes creating floating societies on the ocean as a solution to the limitations of land-based governance. Quirk shares his personal journey into the world of seasteading, drawing parallels between cruise ships, Burning Man, and the potential for self-governing communities at sea. He explores the practicalities of building seasteads, the challenges faced, and the legal frameworks necessary for their success. The conversation also touches on sustainability, food production, and the economic viability of living on the ocean. He emphasizes the ecological benefits of building structures at sea, the innovative business models that can emerge, and the need for political autonomy. He also highlights the importance of material science and competition in developing sustainable structures that can withstand ocean conditions. Takeaways Seasteading offers a solution to the governance monopoly problem. Cruise ships exemplify successful self-governing societies. Variation and selection in governance can lead to progress. Experiences at Burning Man illustrate innovative social structures. Seasteads can be built using various materials and technologies. Legal frameworks are essential for the establishment of seasteads. Safety and sustainability are key considerations for ocean living. Food production on seasteads can include seaweed and seafood farming. Economic viability is crucial for the future of seasteading. Seasteading represents a new frontier for human innovation and governance. The ocean can support diverse life when solid structures are introduced. Seasteads require political autonomy to be truly effective. The future may see a proliferation of small, innovative nations at sea. Cruise ships serve as a model for future floating cities. Innovative business models can thrive in marine environments. Sustainable farming and biotech research can be more effective at sea. Material science is crucial for building durable seasteads. The ocean's diversity offers opportunities for new governance models. Seasteading can provide alternatives to traditional land governance. Support for seasteading initiatives is essential for their success. Timestamps: (00:00) - Intro (01:04) - What is Seasteading? (04:08) - How did Joe's experience at Burning Man inspire him to pursue Seasteading? (09:36) - The evolution of Governance and Social structures (14:53) - Challenges & innovations in Seasteading (18:16) - What are the legal & regulatory aspects of Seasteading? (22:46) - How safe is it to live on the ocean? (25:05) - Sponsors (27:22) - How does one produce or source food on Seasteads? (31:22) - How much does a Seastead cost? (34:00) - Aquatic life and its role in Seasteads (35:35) - Future of Seasteading (40:57) - Innovative business models viable at Sea (45:41) - Sponsors(51:08) - Building sustainable structures at Sea (57:28) - What’s next for Seasteading? Links: https://x.com/joequirkexults https://x.com/seasteading https://www.seasteading.org/ https://oceanbuilders.com/ Sponsors: Bold Bitcoin CoinKite.com (code LIVERA) mempool.space/accelerator Nomadcapitalist.com/apply Stephan Livera links: Follow me on X: @stephanlivera Subscribe to the podcast Subscribe to Substack…
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Stephan Livera Podcast
1 Bitcoin Consensus with Steve Lee and Lyn Alden | SLP616 1:15:07
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Play Later Play Later Lists Like LikedSteve and Lyn delve into the complexities of Bitcoin consensus, discussing the motivations behind their project analyzing consensus risks in protocol upgrades. They explore the technical and economic aspects of Bitcoin, the evolution of its consensus mechanisms, and the various stakeholder groups involved in decision-making processes. The discussion also highlights the importance of awareness among Bitcoin users regarding potential changes and the historical context of contentious changes in Bitcoin's past. They explore the challenges of gaining adoption for alternative clients, the implications of activation methods for protocol changes, and the overall robustness of the Bitcoin network. The discussion also emphasizes the need for awareness and understanding of these dynamics to foster better decision-making within the Bitcoin community. Takeaways Understanding Bitcoin consensus is crucial for all stakeholders. Bitcoin's growth changes the dynamics of consensus. Different philosophies exist regarding Bitcoin's evolution. Investors need to be aware of consensus changes. Knowledge empowers Bitcoin users to make informed decisions. Stakeholder groups have varying powers and incentives. The Bitcoin community is evolving and requires ongoing education. Historical changes in Bitcoin provide lessons for the future. Soft forks present different challenges compared to hard forks. The project aims to be a living document for ongoing contributions. The Bitcoin network must have the option for alternative clients to ensure a healthy ecosystem. Gaining adoption for alternative clients is challenging and can lead to a fragile network. Investors hold significant power in determining the future of Bitcoin, especially during contentious changes. Self-custody investors have a unique advantage in navigating potential forks in the network. The method of activation for protocol changes is a contentious topic with no clear best practice. Bitcoin's governance is complex, and no single group has unilateral power over decisions. Awareness of governance dynamics can lead to better collective decision-making in the Bitcoin community. The separation of the consensus engine from the Bitcoin Core could facilitate alternative clients. The future of Bitcoin's consensus mechanism is uncertain and requires careful monitoring of stakeholder dynamics. The project discussed is an open-source initiative, inviting community engagement and improvements. Timestamps: (00:00) - Intro (00:40) - What is the objective of Bitcoin Consensus Analysis (BCAP)? (06:55) - What are the technical aspects of the Bitcoin Consensus? (11:29) - Examples of consensus changes (16:15) - What are the stakeholder groups in Bitcoin? (22:57) - Sponsors (25:34) - What are the various ‘States of Mind’ regarding changes in the Bitcoin Consensus? (31:00) - Historical context of changes in Bitcoin (38:56) - The importance of alternative clients in Bitcoin (47:06) - What power do bitcoin investors have? (49:31) - Sponsors (54:33) - Implications of various Activation methods (1:00:02) - Why is Bitcoin not a democracy of miners? (1:06:01) - The future of Bitcoin's consensus changes (1:14:16) - Closing thoughts Links: https://github.com/bitcoin-cap/bcap https://x.com/LynAldenContact https://x.com/moneyball Sponsors: Bold Bitcoin CoinKite.com (code LIVERA) mempool.space/accelerator Stephan Livera links: Follow me on X: @stephanlivera Subscribe to the podcast Subscribe to Substack…
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Stephan Livera Podcast
1 Should You Move to El Salvador? With Roman Martinez SLP615 1:01:25
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Play Later Play Later Lists Like LikedRoman Martinez, Lexi & Stephan discuss the evolving real estate landscape in El Salvador, particularly in the context of Bitcoin adoption. They explore the motivations of various buyers, the impact of recent changes in infrastructure and regulations, and the unique challenges and opportunities present in the market. The conversation also touches on the importance of trust in real estate transactions and the varying expectations of foreign buyers regarding property quality and development. Lexi and Roman also discuss the experience of moving to El Salvador, highlighting cultural adjustments, healthcare quality, language integration, and the real estate market. They emphasize the importance of understanding local customs, the benefits of private healthcare, and the growing expat community. The podcast also covers the real estate landscape, including prices, investment opportunities, and the significance of discovery trips for potential expats. They conclude by addressing the risks associated with real estate investments and the importance of due diligence. Takeaways El Salvador's real estate market is evolving rapidly. Many buyers are looking for a 'plan B' due to safety concerns. Bitcoin adoption is influencing real estate investments. There are no property taxes in El Salvador, attracting investors. Bitcoin Beach is a key area for Bitcoin enthusiasts. Real estate transactions require trust and local knowledge. Expectations of property quality vary among foreign buyers. Pre-construction projects are gaining popularity. Education on Bitcoin is crucial for local adoption. Location is a critical factor in real estate investment decisions. Cultural understanding is crucial for expats in El Salvador. Healthcare in El Salvador can be better than in the US. Learning Spanish enhances the experience of living in El Salvador. Real estate prices have increased significantly in recent years. El Salvador offers a unique lifestyle that differs from Western norms. Discovery trips provide valuable insights for potential expats. The private healthcare system in El Salvador is highly accessible. Real estate investment requires careful consideration and due diligence. The expat community in El Salvador is growing and vibrant. El Salvador is seen as a country with potential for growth and opportunity. Timestamps: (00:00) - Intro (00:54) - What is Goodlife El Salvador?; El Salvador’s Real Estate landscape (04:05) - What is the Real Estate buyer persona in El Salvador? (05:52) - What motivates people to move to El Salvador? (10:35) - Bitcoin education, adoption and spending in El Salvador (15:30) - Living in Bitcoin Hubs & adjacent localities (20:18) - What are the Real Estate investment trends? (22:11) - Common pitfalls for new buyers (27:41) - Sponsors (29:55) - Quality of development & matching the expectations of expats (31:49) - Cultural norms & Healthcare in El Salvador (38:32) - Overcoming language barriers (41:17) - Real Estate prices & trends in El Salvador (43:33) - Sponsors (50:47) - What to expect in El Salvador?; Discovery trips for expats (57:42) - Navigating Real Estate risks Links: https://x.com/goodlife_sv https://x.com/romanmartinezc Sponsors: Bold Bitcoin CoinKite.com (code LIVERA) mempool.space/accelerator Stephan Livera links: Follow me on X: @stephanlivera Subscribe to the podcast Subscribe to Substack…
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Stephan Livera Podcast
1 Shaping Bitcoin's Future in UK with Freddie New SLP614 1:14:54
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Play Later Play Later Lists Like LikedIn this conversation, Freddie New, general counsel at The Little Car and Head of Policy at Bitcoin Policy UK, discusses the evolution of Bitcoin regulation in the UK. He highlights the historical context of regulatory attitudes, the role of the Law Commission in recognizing Bitcoin as property, and the challenges posed by the Financial Conduct Authority (FCA). The conversation also touches on banking access issues, the impact of fraud concerns, and the future of Bitcoin custodianship. They also discuss the strategic reserve held by the UK government, regulatory challenges faced by Bitcoin exchanges, and the broader policy goals for Bitcoin advocacy. Freddie sheds light on the political landscape and the need for engagement with politicians to promote Bitcoin-friendly policies. Additionally, they address the ECB's recent criticisms of Bitcoin and contrast the regulatory approaches of the UK and EU. Takeaways Freddie New advocates for Bitcoin policy in the UK. The UK has a history of misunderstanding Bitcoin. The Law Commission has recognized Bitcoin as property. The FCA has restricted access to Bitcoin products. Fraud concerns impact banking access for Bitcoin users. Bitcoin is seen as a unique form of money. The government is becoming more positive about Bitcoin. Banks are primarily concerned with self-preservation. The FCA's stance is a significant barrier to adoption. Bitcoin is for both individuals and institutions. The UK holds 61,000 Bitcoin, making it the third largest holder. There is a need for the UK to capitalize on its Bitcoin holdings. Self-custody of Bitcoin must remain legal in the UK. Access to exchanges and banking services is crucial for Bitcoin adoption. The UK should explore the potential of Bitcoin mining using renewable energy. Political engagement is essential for Bitcoin advocacy in the UK. The ECB's criticisms of Bitcoin are fundamentally flawed. The UK and EU have different regulatory approaches to Bitcoin. Pension funds are beginning to allocate assets to Bitcoin. Support for Bitcoin Policy UK can help influence positive change. Timestamps: (00:00) - Intro (01:00) - Who is Freddie New? (03:26) - An overview of Bitcoin regulatory scenario in the UK (08:00) - The shift in perception: From criminality to legitimacy (17:23) - Are banking onramps/offramps to Bitcoin a hurdle in the UK? (21:13) - AML regulations & their Implications for Bitcoin (26:21) - Sponsors (32:08) - The FCA's resistance to Bitcoin adoption in the UK; Strategic Bitcoin Reserve (40:43) - Sponsors (44:02) - Answering a questionnaire to buy Bitcoin in the UK? (47:51) - What are the Policy Goals for Bitcoin in the UK?; Bitcoin Developer community (53:06) - Politicians & their stance on Bitcoin advocacy (1:06:27) - Contrasting UK & EU Regulatory approaches (1:12:00) - How to support Bitcoin Policy UK? Links: https://x.com/freddienew Bill on digital property that's currently going through Parliament: https://bills.parliament.uk/bills/3766 Exchange walkthroughs: https://x.com/freddienew/status/1743644557441470496 https://uk.bitcoinpolicy.net/ http://www.bitcoinpolicy.uk/ Steve Baker speaking on Bitcoin in Parliament in 2014: https://www.youtube.com/watch?v=RXQpXYvUB98 Sponsors: Bold Bitcoin CoinKite.com (code LIVERA) mempool.space/accelerator Nomadcapitalist.com/apply Stephan Livera links: Follow me on X: @stephanlivera Subscribe to the podcast Subscribe to Substack…
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Stephan Livera Podcast
1 Bitcoin Space Denver with Eric Yakes and Tyler Stevens SLP613 45:51
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Play Later Play Later Lists Like LikedEric Yakes & Tyler Stevens join me to discuss their efforts to build a Bitcoin-focused community in Denver through various events, educational initiatives, and sustainable financial practices. Summary In this episode, Stephan Livera hosts Eric Yakes and Tyler Stevens to discuss the burgeoning Bitcoin community in Denver and their initiative to establish a dedicated Bitcoin space. They explore the dynamics of the local Bitcoin scene, the vision behind creating a community-driven hub, and the importance of governance and member engagement. The conversation also touches on the philosophy of creating a 'third place' for Bitcoin enthusiasts, comparing their efforts to similar initiatives like Bitcoin Park in Nashville, and outlining plans for coworking and events in their new space. In this conversation, Tyler and Eric emphasize the importance of documentation for leadership transitions, the need for financial sustainability, and the engagement of the developer community. They also share insights on creating educational opportunities and offer advice for others looking to establish similar community spaces. Takeaways The Bitcoin community in Denver is rapidly growing. Creating a Bitcoin space aims to bridge social and technical meetups. Community-driven governance fosters member engagement and influence. The 'third place' philosophy emphasizes a balanced community environment. The Denver Bitcoin space seeks to attract talent from the broader crypto community. The governance structure allows for member representation and influence. The space is designed to be a hub for education and events. The initiative aims to positively influence the local culture and economy. You need to motivate your local community. Timestamps: (00:00) - Intro (01:21) - The vibrant Bitcoin community in Denver; BitDevs (04:48) - What is Bitcoin Space? (09:21) - ‘The Third Place’ Philosophy in Bitcoin (14:45) - Similarities & differences between Bitcoin Space, Denver & Bitcoin Park, Nashville (15:54) - Community growth & member engagement in Bitcoin Space (18:57) - Sponsors (21:39) - Building community through Coworking & Events at Bitcoin Space (27:00) - Self-sustaining nature of leadership & importance of documentation (29:32) - Financial sustainability and Treasury management (32:36) - FOSS Developer community in Denver; Creating Educational initiatives (33:44) - Sponsors (42:15) - Advice for aspiring Community Builders (45:28) - Outro Includes Paid Partnerships Links: Eric Yakes: https://x.com/ericyakes Tyler Stevens: https://x.com/tylerkstevens The Space: https://x.com/SpaceDenver https://denver.space/ Sponsors: Bold Bitcoin CoinKite.com (code LIVERA) mempool.space/accelerator Stephan Livera links: Follow me on X: @stephanlivera Subscribe to the podcast Subscribe to Substack…
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Stephan Livera Podcast
Here are some short interviews I did while at Lugano Plan B on a range of topics, from bitcoin ossification to block size, government regulation, the latest state of wallets, and mining decentralization with: Timestamps: (00:00) - Intro (01:01) - Jimmy Song, Bitcoin Expert (07:30) - John Carvalho, CEO at Synonym (12:51) - Sponsors (15:05) - Dennis Porter, CEO & Co-Founder Satoshi Action Fund (24:58) - Ben, Host of BTCsessions (31:54) - Sponsor (32:50) - Luke Dashjr, CTO OCEAN Mining (37:53) - Jameson Lopp, Co-founder & Chief Security Officer Cas (47:22) - Outro Links: https://x.com/LuganoPlanB https://x.com/jimmysong https://x.com/BitcoinErrorLog https://x.com/Dennis_Porter_ https://x.com/BTCsessions https://x.com/LukeDashjr https://x.com/lopp Sponsors: Bold Bitcoin CoinKite.com (code LIVERA) mempool.space/accelerator Stephan Livera links: Follow me on X: @stephanlivera Subscribe to the podcast Subscribe to Substack…
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Stephan Livera Podcast
1 Bitcoin Core Projects with Fabian Jahr and Gloria Zhao SLP607 1:02:54
1:02:54 Play Later Play Later Lists Like Liked1:02:54
Play Later Play Later Lists Like LikedFabian Jahr and Gloria Zhao rejoin me to discuss whether big projects can be done inside Bitcoin core. We delve into AssumeUTXO, ASMap, developer funding, and meritocracy in the developer community. Summary In this episode, Stephan discusses the upcoming Bitcoin Core version 28, its new features, and the ongoing development efforts with Fabian and Gloria. They delve into the pace of change within Bitcoin Core, the importance of communication and collaboration in software development, and the challenges faced by developers in getting projects approved. The conversation also covers the AssumeUTXO project, its implications for node operation, and the significance of funding and competing implementations in the Bitcoin ecosystem. The episode concludes with insights into future projects and the collaborative nature of Bitcoin development. Takeaways Bitcoin Core version 28 introduces exciting new features. The development process involves both small bug fixes and significant changes. Communication and collaboration are essential for project success. AssumeUTXO allows for quicker node synchronization. The decentralized nature of Bitcoin development presents unique challenges. Funding can influence project focus but should not dictate it. Competing implementations can complicate backward compatibility. Iterative development is crucial for large projects. Engaging the community early can lead to better outcomes. Future projects like ASMap and Cluster Mempool are on the horizon. Timestamps: (00:00) - Intro (00:32) - What to expect from Bitcoin Core V28.0? (05:10) - What should be the pace of change for Bitcoin Core? (11:15) - How does one decide which is a worthwhile project to work on? (14:15) - Why did it take so long for AssumeUTXO to go live? (20:38) - AssumeUTXO explained (22:04) - Sponsors (25:40) - BtcpayServer ‘s Fast Sync (27:36) - Developer funding landscape in Bitcoin; Working on FOSS (31:27) - What are the effects of having various implementations of Bitcoin Core? (35:05) - What does it take to successfully merge a PR? (37:31) - What is the ASMap project? (48:34) - Sponsor (49:58) - Importance of soft skills & meritocracy in Bitcoin’s developer community (1:00:13) - Upcoming projects; Closing thoughts Previous Episodes: ` SLP214 Pierre Rochard & Fabian Jahr – Where Are All The Bitcoins?: https://youtu.be/PQWy_UR9PzY SLP216 Gloria Zhao Learning Bitcoin Core Contribution & Hosting PR Review Club: https://youtu.be/O-Q-SmuXjS4 SLP404 Gloria Zhao - What Do Bitcoin Core Maintainers Do?: https://youtu.be/a61lUwlOF80 v3 Transactions and Package Relay with Glozow (SLP511): https://youtu.be/H1o7TgTCMjk Links: Bitcoin Core v28.0: https://bitcoincore.org/en/download/ ASMap: https://delvingbitcoin.org/t/asmap-creation-process/548 AssumeUTXO tracking: https://github.com/bitcoin/bitcoin/issues/29616 https://bitcoinops.org/en/topics/assumeutxo/ TRUC / v3 topic: https://bitcoinops.org/en/topics/version-3-transaction-relay/ Package relay topic: https://bitcoinops.org/en/topics/package-relay/ Package relay tracking: https://github.com/bitcoin/bitcoin/issues/27463 https://brink.dev Testnet 4 PR: https://github.com/bitcoin/bitcoin/pull/29775 BIP94: https://github.com/bitcoin/bips/pull/1601 CISA website: https://cisaresearch.org CISA fellowship: https://x.com/ck_SNARKs/status/1817928417184203162 Sponsors: Bold Bitcoin CoinKite.com (code LIVERA) mempool.space/accelerator Stephan Livera links: Follow me on X: @stephanlivera Subscribe to the podcast Subscribe to Substack…
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Stephan Livera Podcast
1 Avoid Bitcoin Scams with Keith Gardner SLP611 54:15
54:15 Play Later Play Later Lists Like Liked54:15
Play Later Play Later Lists Like LikedSummary In this conversation, Keith Gardner from Branta, discusses the importance of security in Bitcoin transactions. Keith shares his background in engineering and how he became involved in Bitcoin after recognizing the complexities and risks associated with traditional finance. The discussion covers common phishing and address replacement attacks, the innovative solutions offered by Branta to enhance transaction security, and the future of Bitcoin in relation to mobile integration and privacy concerns. Keith emphasizes the need for user-friendly tools that can help prevent scams and ensure safe transactions in the evolving landscape of cryptocurrency. The discussion also covers long-term strategies for Bitcoin custody, innovations in software security, and key takeaways for individuals to safeguard their investments. Takeaways Keith Gardner transitioned from engineering to Bitcoin due to complexities in traditional finance. Branta was created to address the fear of losing Bitcoin through phishing attacks. Phishing and man-in-the-middle attacks are significant threats in Bitcoin transactions. Branta aims to provide a solution that verifies Bitcoin addresses before transactions. Mobile integration is a future goal for Branta, focusing on QR code technology. Branta operates as an invisible layer alongside existing wallets to enhance security. Privacy is a critical concern, and Branta ensures user data is protected. The software does not handle private keys or expose user Xpubs. Branta's future developments will include support for the Lightning Network. The goal is to make Bitcoin transactions safer and more user-friendly. Ensure secure transactions by verifying addresses before sending funds. Phishing attacks are prevalent; always guard your inbox. Education on security practices is crucial for crypto users. Creating friction in transactions can prevent impulsive decisions. Long-term strategies for Bitcoin custody are essential for security. Utilize multi-sig and cold storage for larger amounts of Bitcoin. Be cautious of urgency in requests for sensitive information. Nostra's web of trust can enhance security in transactions. Regularly check the authenticity of software before downloading. Treat your Bitcoin as if it were worth significantly more. Timestamps: (00:00) - Intro (00:36) - Keith’s background; What is Branta? (03:10) - Recent attack vectors on Bitcoin (Phishing and Address Replacement) (08:13) - Is Branta mobile friendly? (12:12) - Is Branta for personal use or businesses? (17:09) - Integrating Lightning & other Layer 2 solutions (18:24) - Sponsors (26:01) - Privacy concerns and User Data Protection (31:36) - Guarding against Phishing & Spoofing attacks (34:37) - Why is friction important in financial transactions? (38:50) - Bitcoin custody is a long-term responsibility (39:15) - Sponsors (44:45) - What are the possible risks with Branta? (53:14) - Key takeaways for protecting your Bitcoin Links: https://x.com/unfakekeith https://x.com/BrantaOps https://www.branta.pro/ https://github.com/BrantaOps Sponsors: Bold Bitcoin CoinKite.com (code LIVERA) mempool.space/accelerator Nomadcapitalist.com/apply Stephan Livera links: Follow me on X: @stephanlivera Subscribe to the podcast Subscribe to Substack…
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Stephan Livera Podcast
1 Fractional Reserve Banking, Islamic Finance & Bitcoin with Harris Irfan SLP610 1:02:34
1:02:34 Play Later Play Later Lists Like Liked1:02:34
Play Later Play Later Lists Like LikedHarris Irfan, CEO Cordoba Capital Markets & Advisor at @OnrampMENA joins me to discuss challenges and opportunities within Islamic finance, ethics of finance in business and the intersection of Islamic finance and Bitcoin. Harris highlights building a financial system focused on real economy transactions, sharing insights on finance, custody, and Bitcoin investment. Summary In this conversation, Harris Irfan discusses his journey from conventional finance to Islamic finance and Bitcoin. He explores the challenges and opportunities within Islamic finance, particularly in relation to ethical finance and risk-sharing principles. The discussion delves into the intersection of Islamic finance and Bitcoin, highlighting the potential for Bitcoin to serve as a sound monetary system that aligns with Islamic principles. Harris emphasizes the importance of creating a financial system that prioritizes real economy transactions over speculative practices, and he shares insights on the future of finance, custody, and investment decisions in a Bitcoin standard. Takeaways Harris Irfan transitioned from conventional finance to Islamic finance and Bitcoin. Islamic finance emphasizes ethical finance and risk-sharing principles. Bitcoin is viewed as a modern form of sound money, potentially more Islamic than gold. The challenges of Islamic finance are exacerbated by the fiat banking system. Custody solutions for Bitcoin are evolving, with a focus on self-custody. Cultural perspectives on money influence the adoption of Bitcoin in Muslim communities. Trade finance can be structured to align incentives between investors and businesses. The VC industry may need to adapt to a sound money standard. Hurdle rates for investments will change in a Bitcoin economy. Optimism about the future of Bitcoin is essential for its growth. Timestamps: (00:00) - Intro (01:04) - Harris’s background with finance & Islamic banking (07:44) - Comparing Fiat banking with Islamic finance (12:06) - The intersection of Islamic finance and Bitcoin (18:21) - Custodying Bitcoin - Individuals vs. Trusted custodians (25:51) - What are misconceptions about Bitcoin among muslims? (30:20) - What are the cultural differences when operating on a Fiat Standard vs Sound Money Standard? (33:27) - What does it mean to share risk in finance? (39:12) - The viability of different financial models (45:35) - What would finance look like in a Full Reserve Bitcoin banking world? (54:17) - How does one navigate with morality & ethics in the current Fiat world? (59:00) - Bitcoin compared to hurdle rates in investment decisions (1:02:11) - Outro Includes Paid Partnerships (16:04) - Sponsors (38:11) - Sponsor Links: https://x.com/harris_irfan https://www.ccmkts.com/ Sponsors: Bold Bitcoin CoinKite.com (code LIVERA) mempool.space/accelerator Stephan Livera links: Follow me on X: @stephanlivera Subscribe to the podcast Subscribe to Substack…
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Stephan Livera Podcast
1 Bitcoin Mining: The Most Flexible Energy Buyer with Kenji Tateiwa SLP609 55:08
55:08 Play Later Play Later Lists Like Liked55:08
Play Later Play Later Lists Like LikedSummary In this episode, Kenji Tateiwa, CEO of Agile Energy X, discusses his extensive background in nuclear engineering and the impact of the Fukushima disaster on public perception of nuclear energy. He explains the innovative concept behind Agile Energy X, which leverages wasted renewable energy through Bitcoin mining to address curtailment and grid congestion issues in Japan. Kenji elaborates on the unique flexibility of Bitcoin mining as an energy buyer and its potential role in the future energy landscape, including the integration of circular economy principles. The conversation also touches on the challenges and opportunities in Japan's energy production, particularly regarding nuclear energy and the need for a diverse energy portfolio. Takeaways Kenji Tateiwa has a strong background in nuclear engineering. The Fukushima disaster significantly impacted public perception of nuclear energy. Agile Energy X aims to utilize wasted renewable energy through Bitcoin mining. Bitcoin mining can help solve curtailment and grid congestion issues. The concept of 'Megawatt to MegaHash' connects energy production to Bitcoin mining. Bitcoin mining is flexible and can be turned on and off as needed. AI data centers are less flexible compared to Bitcoin mining. Agile Energy X has a two-pronged strategy to hedge against market fluctuations. The circular economy can be integrated into energy solutions. Japan's energy future requires a diverse mix of energy sources. Timestamps: (00:00) - Intro (00:50) - Who is Kenji Tateiwa and what is TEPCO? (05:34) - What are the various components of energy markets? (06:30) - Fukushima and the perception of nuclear energy (09:42) - What is Agile Energy X & why was it created? (14:15) - Convincing TEPCO to mine Bitcoin; Solving the energy issue (16:14) - Understanding Curtailment and Grid Congestion (20:06) - Sponsors (23:10) - Megawatt to MegaHash: Bridging Energy and Bitcoin (25:42) - Bitcoin Mining vs. AI Data Centers (29:02) - The competitive landscape of Bitcoin mining (33:26) - Sponsors (37:58) - Challenges and opportunities in Nuclear Energy (42:12) - Curtailment of renewable energy could reach 42% in Japan by 2050? (45:41) - Scaling Bitcoin mining in Japan (47:02) - What is “The Ultimate Circular Economy”? (51:28) - The future of Japanese energy production (53:44) - The future of Agile Energy X Links: https://agileenergyx.co.jp/en/ Sponsors: Bold Bitcoin CoinKite.com (code LIVERA) mempool.space/accelerator Stephan Livera links: Follow me on X: @stephanlivera Subscribe to the podcast Subscribe to Substack…
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Stephan Livera Podcast
1 The Next Big Print Sends Bitcoin to $350K with Lawrence Lepard SLP608 1:03:39
1:03:39 Play Later Play Later Lists Like Liked1:03:39
Play Later Play Later Lists Like LikedLawrence Lepard, Managing Partner, Equity Management Associates, joins me to discuss the national debt crisis, inflation, possible price suppression of hard assets and the contrasting roles of gold and Bitcoin as sound money. Summary In this conversation, Stephan Livera and Lawrence Lepard delve into pressing economic issues, including the national debt crisis, inflation, and the contrasting roles of gold and Bitcoin as sound money. They discuss the implications of the upcoming US election on economic policies and the market dynamics of gold and Bitcoin. The conversation also touches on the potential for economic suppression and the future predictions for both gold and Bitcoin in light of current financial trends. Takeaways The national debt is accelerating and poses a significant risk. Inflation is likely to rise again due to government policies. Gold is currently viewed as a safe haven, but Bitcoin is seen as the future of sound money. The upcoming US election could have major implications for Bitcoin and economic policies. Gold ETFs have been shrinking while Bitcoin ETFs are growing, indicating a generational shift in investment. The suppression of gold prices has been a long-standing issue, but Bitcoin may not face the same challenges yet. Future predictions suggest Bitcoin could reach $300,000 and gold could hit $5,000 in the next economic crisis. The need for sound money is becoming increasingly urgent as the dollar loses value. A monetary reset may be necessary to address the current economic challenges. Investors should consider diversifying into sound money assets like Bitcoin and gold. Timestamps: (00:00) - Intro (01:09) - US Govt. debt spiraling out of control (07:17) - Gold’s reaction to crisis (10:14) - Is inflation inevitable?; Managing interest rates (18:24) - CPI & asset inflation; Overvaluation of assets (24:18) - Sponsors (26:34) - Who is buying the Gold?; Gold vs. Bitcoin (31:10) - Sponsors (33:12) - What does the US election mean for Bitcoin? (40:10) - What would cutting the size of the state look like? (45:58) - The significance of Bitcoin advocacy (48:43) - Gold & Bitcoin price suppression? (55:00) - Possible Executive order on Bitcoin in the future? (57:07) - Will ‘The Next Big Print’ send Bitcoin to $350K? Links: https://x.com/LawrenceLepard https://ema2.com/ Sponsors: Bold Bitcoin CoinKite.com (code LIVERA) mempool.space/accelerator Nomadcapitalist.com/apply Stephan Livera links: Follow me on X: @stephanlivera Subscribe to the podcast Subscribe to Substack…
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Stephan Livera Podcast
1 Bitcoin: The Great Absorber of Liquidity with Dr. Jeff Ross SLP606 1:11:29
1:11:29 Play Later Play Later Lists Like Liked1:11:29
Play Later Play Later Lists Like LikedAfter a long and choppy bull-crab market, Dr. Ross notes that the bull market is here! Dr. Jeff Ross, founder, Vailshire Capital Management, joins me to discuss the ongoing sentiment in the markets, global liquidity, pitfalls and opportunities of this bull cycle, holistic living and more! Summary In this conversation, Dr. Jeff Ross discusses his transition from a bearish to a bullish outlook on Bitcoin and the broader market, emphasizing the importance of liquidity and central bank policies. He explains how liquidity flows impact asset prices, particularly Bitcoin, and outlines his predictions for economic growth and market behavior in the coming years. The discussion also touches on wealth inequality, the role of Bitcoin in addressing economic disparities, and strategies for investors, including the controversial 8% withdrawal rate for Bitcoin holders. Takeaways Liquidity is the key driver of asset prices. The transition from bear to bull markets is influenced by liquidity flows. Central banks play a significant role in market dynamics. Bitcoin is seen as a solution to wealth inequality. The US dollar remains the strongest currency despite global challenges. High liquidity environments lead to increased risk-taking behavior. Investors should consider Bitcoin as a significant part of their portfolio. Timing the market can be beneficial for fund managers but not for regular investors. The 8% withdrawal rate is reasonable for Bitcoin holders. Future economic growth may surprise - to the upside. Timestamps: Timestamps: (00:00) - Intro (00:48) - Why is Dr. Jeff bullish?; Shift from bull-crab to bull (03:29) - The significance of M2 Money Supply & Global Liquidity (07:44) - Will the Fed rate cut increase asset prices? (10:38) - Liquidity into 2025? (16:09) - Recession fear overblown? (22:05) - Ever-increasing US Govt. debt and currency collapse across the world (30:07) - “Easy money begets stupid & risky behavior” (37:35) - Detachment of Bitcoin halving cycles from other major cycles (40:10) - Bhutan on a Bitcoin stacking spree; Changing world-order (44:01) - How do Gold & Bitcoin perform in a high liquidity environment? (47:23) - Asset allocation wrt Bitcoin for Institutional investors (53:23) - $475K Bitcoin target in play? (57:12) - Caution to take during a bull cycle (1:00:47) - Financial independence & 8% Withdrawal Rate? (1:07:24) - Closing thoughts Links: drjeff@nostrplebs.com https://primal.net/p/npub1k7vkcxp7qdkly7qzj3dcpw7u3v9lt9cmvcs6s6ln26wrxggh7p7su3c04l Sponsors: Bold Bitcoin CoinKite.com (code LIVERA) mempool.space/accelerator Stephan Livera links: Follow me on X: @stephanlivera Subscribe to the podcast Subscribe to Substack…
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Stephan Livera Podcast
1 Bitcoin: On the Way to $400K? with Andy Edstrom SLP605 1:15:22
1:15:22 Play Later Play Later Lists Like Liked1:15:22
Play Later Play Later Lists Like LikedAndy Edstrom, Head of Managed Wealth at Onramp Bitcoin rejoins me to discuss the govt. debt levels, retirement planning on Bitcoin, price modeling, risks of leverage yield on Bitcoin and more! Summary In this episode, Andy Edstrom returns to discuss the evolution of Bitcoin since their last conversation, touching on price modeling, the risks of leverage, and the future of Bitcoin loans. They explore the implications of government debt, the role of gold, and the potential for yield in a Bitcoin standard. The conversation emphasizes the importance of understanding market dynamics and preparing for various economic scenarios. Takeaways Bitcoin's evolution has led to increased participation and conversation on the world stage. Price modeling in Bitcoin is fraught with challenges and often fails to predict future movements. Leverage in Bitcoin can lead to significant losses, as seen in past market downturns. The future of Bitcoin loans is uncertain, with a need for better credit analysis and terms. Retirement planning in a Bitcoin world requires careful consideration of inflation and spending habits. Government debt is at an all-time high, raising concerns about future economic stability. Gold still plays a role in the financial landscape, but Bitcoin is seen as the future. Yield may still exist under a Bitcoin standard, but it will differ from current fiat systems. The importance of maintaining on-ramps and off-ramps for Bitcoin in the future cannot be overstated. Expect wild times ahead as economic conditions continue to evolve. Timestamps: (00:00) - Intro (01:14) - How has Bitcoin changed since 2019? (04:12) - How significant are Bitcoin Price Models? (11:28) - Preparing for all possible scenarios when Bitcoin price appreciates (14:27) - Should you time the market?; Volatility, Retirement and Tax events to consider. (22:01) - How has the market for leverage on Bitcoin evolved? (27:45) - Sponsors (30:40) - The case for loans with Bitcoin as a collateral (38:04) - Retirement planning and achieving FIRE with Bitcoin? (43:20) - Bitcoin on its way to $400K? (50:14) - The instability of the growing US Govt. Debt - what happens next? (55:25) - Sponsors (57:47) - The Haves and the Have Nots; Overvaluation of property markets (1:01:57) - What does yield look like on a Bitcoin Standard? (1:13:22) - Closing thoughts Links: https://x.com/edstromandrew https://www.amazon.com/Books-Andy-Edstrom/s?rh=n%3A283155%2Cp_27%3AAndy+Edstrom https://x.com/OnrampBitcoin/status/1836029421922263074 Sponsors: Bold Bitcoin CoinKite.com (code LIVERA) mempool.space/accelerator Nomadcapitalist.com/apply Stephan Livera links: Follow me on X: @stephanlivera Subscribe to the podcast Subscribe to Substack…
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