Episodes
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In 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:
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CoinKite.com (code LIVERA)
Stephan Livera links:
Follow me on X: @stephanlivera
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Andrew 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:
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CoinKite.com (code LIVERA)
Stephan Livera links:
Follow me on X: @stephanlivera
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Missing episodes?
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In 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:
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Nomadcapitalist.com/apply
Stephan Livera links:
Follow me on X: @stephanlivera
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In 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:
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CoinKite.com (code LIVERA)
mempool.space/accelerator
Stephan Livera links:
Follow me on X: @stephanlivera
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In 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:
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CoinKite.com (code LIVERA)
mempool.space/accelerator
Stephan Livera links:
Follow me on X: @stephanlivera
Subscribe to the podcast
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In 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
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Maya 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
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In 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:
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Stephan Livera links:
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In 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:
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mempool.space/accelerator
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Stephan Livera links:
Follow me on X: @stephanlivera
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Bumi & 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:
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mempool.space/accelerator
Stephan Livera links:
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PlanC 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:
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CoinKite.com (code LIVERA)
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Stephan Livera links:
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Matthew 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
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Sina, 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
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-
Tom 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
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Joe 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
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Steve 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:
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CoinKite.com (code LIVERA)
mempool.space/accelerator
Stephan Livera links:
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Roman 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:
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CoinKite.com (code LIVERA)
mempool.space/accelerator
Stephan Livera links:
Follow me on X: @stephanlivera
Subscribe to the podcast
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In 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
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Eric 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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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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