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Treść dostarczona przez Stephan Livera. Cała zawartość podcastów, w tym odcinki, grafika i opisy podcastów, jest przesyłana i udostępniana bezpośrednio przez Stephan Livera lub jego partnera na platformie podcastów. Jeśli uważasz, że ktoś wykorzystuje Twoje dzieło chronione prawem autorskim bez Twojej zgody, możesz postępować zgodnie z procedurą opisaną tutaj https://pl.player.fm/legal.
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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Treść dostarczona przez Stephan Livera. Cała zawartość podcastów, w tym odcinki, grafika i opisy podcastów, jest przesyłana i udostępniana bezpośrednio przez Stephan Livera lub jego partnera na platformie podcastów. Jeśli uważasz, że ktoś wykorzystuje Twoje dzieło chronione prawem autorskim bez Twojej zgody, możesz postępować zgodnie z procedurą opisaną tutaj https://pl.player.fm/legal.
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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1 Non-Custodial Bitcoin Lending Explained with Shehzan Maredia | SLP659 1:05:48
1:05:48
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Shehzan Meredia, CEO and founder of Lava, a non-custodial Bitcoin lending platform shares the unique features of Lava, including its focus on security, user experience, and the use of Discreet Log Contracts (DLCs) to provide cryptographic guarantees for borrowers. Shehzan explains the loan process, interest rates, and how Lava differentiates itself from traditional custodial lending platforms. The conversation also touches on the impact of previous lending failures in the crypto space and the importance of transparency and security in lending products. Stephan & Shehzan also explore the diverse use cases for borrowing against Bitcoin, the implications of gas fees, and the changing demographics of Bitcoin users. Takeaways 🔸Lava offers a non-custodial way to borrow against Bitcoin. 🔸Security is a primary focus for Lava's lending platform. 🔸Users can borrow without giving up custody of their Bitcoin. 🔸Lava provides cryptographic guarantees for collateral safety. 🔸The loan process is designed to be seamless and user-friendly. 🔸Interest rates range from 5% to 11%, depending on the loan. 🔸Lava allows loans from $100 to hundreds of millions. 🔸The platform offers zero fee swaps for stablecoins. 🔸DLCs provide a more secure and private lending experience. 🔸Lava aims to prevent the rehypothecation risks seen in previous lending failures. There are clear benefits of using lava for Bitcoin lending. 🔸Traditional finance may begin to offer competitive products in Bitcoin lending. 🔸Lower loan rates are a result of the benefits provided by lava. 🔸Bitcoin is considered the best collateral for loans. 🔸Stablecoins serve as a new payment rail for digital dollars. 🔸Lava has abstracted away gas fees for users. 🔸Borrowing against Bitcoin can facilitate large purchases like homes and cars. 🔸The user base of Bitcoin is often older and more tech-savvy than expected. 🔸DLCs represent a superior technology for Bitcoin loans. 🔸The demand for Bitcoin loans is increasing as Bitcoin becomes a larger part of people's portfolios. 🎟️ First 5 people to email concierge@lava.xyz get a free ticket to #Bitcoin2025 🎟️ Timestamps: (00:00) - Intro (00:49) - What is Lava?; Overview of how Lava works (04:52) - Lending failures from the last Bitcoin cycle (08:21) - Overview of interest rates and loan structures in Lava (10:56) - How does the DLC model work with respect to lending? (17:32) - Lifecycle of a loan and Liquidation process (26:00) - Implications of custodying Bitcoin on hot/cold wallet (28:17) - Comparing Lava with existing lending solutions (34:47) - How will TradFi get involved in Bitcoin lending? (36:39) - Understanding Bitcoin loan rates & evolving market dynamics (42:00) - What is the role of stablecoins in Lava? (47:29) - What are some of the risks & concerns to consider in bitcoin lending? (53:12) - Common use cases for borrowing against Bitcoin (56:57) - How are the demographics of Bitcoin users evolving? (1:00:50) - Are DLCs a technologically superior way to execute Bitcoin loans? Links: https://x.com/MarediaShehzan https://www.lava.xyz/ 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…

1 Tuscany Lightning Summit 2025 | SLP658 1:07:21
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At the Tuscany Lightning Summit 2025, we discussed Ark and VTXOs, batching, RGB, DLCs, what constitutes spam on Bitcoin, Bitcoin payments market, miniscript, bitcoin inheritance tools and more. Timestamps: (00:00) - Intro (01:48) - Tiero (09:17) - Alekos Filini (18:40) - Sponsors (20:56) - Anant Tapadia (33:16) - Andi Pitt (44:24) - Sponsors (45:21) - Giacomo Zucco Links: https://x.com/tierotiero https://x.com/ArkLabsHQ https://x.com/giacomozucco https://x.com/planb_network https://x.com/1andipitt https://x.com/egodeathcapital https://x.com/anant_tap https://x.com/bitcoinKeeper_ https://x.com/afilini https://x.com/TwentyTwoHW 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…

1 Bitcoiners, Walk the Walk With Payments! with Rockstar and Di | SLP657 43:34
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Stephan discusses the significance of Bitcoin as money and the concept of monetary maximalism with guests Rockstar Dev and Di from BTC Inc. They explore the current state of Bitcoin as a medium of exchange, the challenges of adoption, and the innovations being introduced, such as the Bolt Card, to facilitate Bitcoin payments. The conversation emphasizes the importance of leading by example in the Bitcoin community and the need for better technology to enhance user experience and drive adoption. Takeaways 🔸Bitcoin is seen as a store of value, but the goal is to use it as a medium of exchange. 🔸BTC Inc. aims to be a Bitcoin adoption company, integrating Bitcoin into their operations. 🔸The Bolt Card is an innovation to simplify Bitcoin payments at events. 🔸Merchants play a crucial role in Bitcoin adoption by offering it as a payment option. 🔸Convenience is a significant factor in whether people choose to use Bitcoin or fiat. 🔸The upcoming Bitcoin conference aims to set a world record for Bitcoin transactions in a single day. 🔸Education is essential for new Bitcoin users to understand the importance of self-custody. 🔸The Bitcoin community must actively showcase its use in real-world transactions. 🔸Technological improvements are necessary for Bitcoin to compete with traditional payment methods. 🔸The future of Bitcoin as a medium of exchange depends on both customer demand and merchant willingness. Timestamps: (00:00) - Intro (01:10) - Bitcoin as money and the idea of monetary maximalism (12:43) - Sponsors (15:07) - How will the Bolt card help fuel Bitcoin adoption through payments? (18:52) - How can one use a Bolt card?; The role of Bitcoin as Medium of Exchange (21:57) - Will vendors in Vegas accept Bitcoin? (33:19) - Sponsors (27:55) - A new world record for Bitcoin-only payments in the making? (34:21) - “Friends don’t let friends use inferior money” (39:29) - Key details and closing thoughts Links: https://x.com/r0ckstardev https://bitcoinmagazine.com/culture/snore-of-value-bitcoins-sleepwalk-towards-stasis https://x.com/thebtcmag https://x.com/TheBitcoinConf 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…

1 Superior Store of Value: Bitcoin vs Real Estate with Leon Wankum | SLP656 1:04:56
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Leon Wankum shares his journey from studying philosophy to becoming a property expert and Bitcoin enthusiast. He discusses the intersection of real estate and Bitcoin, emphasizing the monetary premium in real estate, the impact of the fiat system on property prices, and the social consequences of property investment. Leon differentiates between property speculation and development, highlighting the business aspects of real estate. He also compares investment yields in real estate versus Bitcoin, arguing that Bitcoin offers superior returns and flexibility as a store of value. In this conversation, Stephan and Leon discuss the evolving landscape of investment strategies, particularly the integration of Bitcoin into real estate investments. They explore the barriers that traditional property investors face when considering Bitcoin, the potential benefits of incorporating Bitcoin into investment portfolios, and the future implications for real estate if Bitcoin is not adopted. The discussion emphasizes the importance of understanding Bitcoin as a superior monetary technology and its role in counterbalancing inflation and enhancing financial strategies. Takeaways 🔸Leon Wankum transitioned from philosophy to real estate and Bitcoin. 🔸Bitcoin is seen as a digital store of value competing with real estate. 🔸The monetary premium in real estate is influenced by the fiat system. 🔸Real estate is often used as a hedge against inflation. 🔸Younger generations face challenges entering the property market. 🔸Speculation in real estate is driven by low interest rates. 🔸Real estate development is a business, not just speculation. 🔸Bitcoin offers more freedom and flexibility than real estate. 🔸Investment yields in Bitcoin outperform those in real estate. 🔸The future of real estate may shift towards Bitcoin as a primary asset. Bitcoin is increasingly seen as a better store of value than real estate. 🔸Many real estate investors are hesitant to adopt Bitcoin due to familiarity with traditional investments. 🔸The COVID-19 pandemic shifted perceptions about real estate and Bitcoin. 🔸Investors are beginning to recognize Bitcoin's potential as a monetary technology. 🔸Real estate is often viewed as a financial asset rather than a design object. 🔸Incorporating Bitcoin into investment strategies can provide a competitive edge. 🔸Using Bitcoin as a treasury asset can enhance cash flow management. 🔸Refinancing properties to invest in Bitcoin is a viable strategy for some investors. 🔸The future of real estate may involve a significant shift towards digital assets like Bitcoin. 🔸Understanding Bitcoin's role in the economy is crucial for future investment success. Timestamps: (00:00) - Intro (00:56) - Who is Leon Wankum?; Bitcoin & real estate journey (04:35) - Why is monetary premium baked into real estate prices around the world? (10:53) - What are the social consequences of property investment? (14:55) - Is the value of real estate driven by debasement of local currency? (17:07) - Sponsors (20:44) - Leveraged speculator vs Property developer (29:38) - Overview of Rental yield in Germany & US; The boon of Bitcoin (35:09) - What is the common pushback from real estate investors against Bitcoin? (40:54) - Convergence between Real estate & Bitcoin investors (42:37) - Are people considering leveraging property to buy Bitcoin? (44:20) - Sponsors (50:10) - How can real estate investors incorporate Bitcoin into their investments? (58:47) - What will be the future of real estate businesses without Bitcoin? (1:04:20) - Closing thoughts Links: https://x.com/leonwankum https://www.digitalrealestate.org/ https://leonwankum.substack.com/p/from-real-estate-to-bitcoin-redefining-how-humanity-saves-and-lives 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…

1 Bitcoin Self-Custody in 2025 with NVK | SLP655 1:05:43
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Stephan & NVK discuss the current state of self-custody in Bitcoin, highlighting the advancements in hardware wallets like Coldcard and the importance of understanding trade-offs in wallet solutions. Coldcard introduces new features such as co-signing and key teleport, which enhance security and usability. The conversation also touches on the future of wallet software, including the promising Cove Wallet and the potential of Miniscript in Bitcoin transactions. NVK also highlights the significance of seed phrases in Bitcoin custody, critiques the current OP_Return dynamics and GitHub moderation, and reflects on the implications of BitVM and Layer 2 solutions. Takeaways 🔸Self-custody is becoming more accessible and user-friendly. 🔸The importance of understanding trade-offs in wallet solutions is crucial. 🔸Coldcard's new features enhance security and usability. 🔸Key teleport allows secure sharing of private keys remotely. 🔸Cove Wallet is a promising new tool for onboarding users. 🔸Miniscript is still in early development but shows potential. 🔸Collaborative multi-sig setups can improve security for users. 🔸Education on self-custody is essential for new Bitcoiners. 🔸The sovereign aspect of Bitcoin is a significant advantage. 🔸Continuous innovation in wallet technology is necessary for the future. Sparrow is a robust wallet with advanced features. 🔸Self-custody is crucial for Bitcoin users. 🔸Seed phrases provide a powerful recovery method. 🔸The OP_Return debate highlights governance challenges. 🔸BitVM introduces new dynamics for Layer 2 solutions. 🔸Competition among Bitcoin implementations is healthy. 🔸Moderation on GitHub needs improvement. 🔸Community engagement is essential for Bitcoin's future. 🔸The UTXO set's pollution is a complex issue. 🔸OpenSAT aims to fund valuable Bitcoin projects. Timestamps: (00:00) - Intro (01:01) - Where are we with Bitcoin self-custody as of today? (04:52) - What are the tradeoffs to consider while choosing a Bitcoin wallet? (07:53) - Inheritance planning in Bitcoin with miniscript (11:50) - The impetus to self-custodying Bitcoin (14:23) - What is co-signing in @coldcardwallet? (17:46) - Who is the co-signing feature for? (23:00) - What is Key Teleport? How does it work? (28:51) - Does Coldcard support Miniscript? (33:50) - What is @covewallet?; Bitcoin wallet projects (40:38) - The importance of seed phrases (44:40) - NVK’s thoughts on the OP_Return controversy (57:03) - The impact of BitVM & Layer 2 Solutions (1:00:39) - Various implementations of Bitcoin software Links: https://x.com/nvk https://x.com/covewallet 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…

1 Bitcoin vs Gold: The Future of Monetary Assets with Vijay Boyapati | SLP654 1:15:06
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Stephan & Vijay discuss the current state of Bitcoin, its market cycle, and its comparison with gold. They explore the implications of geopolitical factors on gold and Bitcoin, the rise of Bitcoin treasury companies, and the evolving liquidity channels in the market. The discussion also touches on speculation in Bitcoin and how it contributes to its growth, while emphasizing the importance of understanding the underlying economic theories. They also explore the evolving landscape of Bitcoin, the implications of MNAV (Market Net Asset Value) in the context of Bitcoin companies, and the transformative potential of AI on the economy. AI could lead to hyperabundance, affecting various sectors and potentially changing the role of money. The conversation also touches on the risks posed by quantum computing to Bitcoin's security and the need for proactive measures in the Bitcoin community. Takeaways 🔸We're still early in this cycle. 🔸Understanding causality in economics is crucial. 🔸Bitcoin is decorrelating from the stock market and coupling with gold. 🔸Gold is part of a larger macroeconomic story. 🔸Bitcoin is better than gold in many aspects. 🔸Liquidity channels to Bitcoin are larger than ever before. 🔸Speculation around Bitcoin can be beneficial for its growth. 🔸Degenerate gambling in Bitcoin can enhance its liquidity. 🔸The FOMO moment for Bitcoin could lead to significant price increases. 🔸We're currently in the third inning of the Bitcoin bull market. Bitcoin is evolving as a monetary asset. 🔸MNAV dynamics will fluctuate with market cycles. 🔸AI could revolutionize productivity and economic structures. 🔸Hyperabundance may lead to deflationary pressures. 🔸Debt may become less of an issue in an AI-driven economy. 🔸AI's impact on knowledge work will be profound. 🔸The future of work will involve significant job displacement. 🔸Quantum computing poses a real threat to Bitcoin's security. 🔸Individuals may soon replicate corporate Bitcoin strategies. 🔸The rapid advancement of AI is reshaping various industries. Timestamps: (00:00) - Intro (01:44) - Where are we currently in the Bitcoin cycle? (06:47) - Bitcoin’s correlation with Gold (09:52) - The breaking down of Bretton Woods system (12:35) - Will Gold outperform the debasement of the dollar?; The Bitcoin story (16:27) - Sponsors (18:57) - Will Bitcoin drain capital out of other assets? (24:53) - The rise of Bitcoin ETFs & Treasury Companies (34:33) - Are Bitcoin Treasury companies the new levered bitcoin play? (39:56) - The significance of mNAV in Leveraged Bitcoin Equities (49:39) - How will the rise of AI impact society? (59:27) - Sponsors (1:01:15) - AI rewriting the future socio-economic structures; Will Bitcoin be the currency of AI? (1:14:01) - Quantum Computing & Bitcoin's future risks Links: https://x.com/real_vijay 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…
At Bitcoin Oasis 2025, we discussed Bitcoin tools & innovation, bitcoin cycles, financialization of bitcoin, adoption in the MENA region and India’s first bitcoin treasury company. Timestamps: (00:00) - Intro (00:57) - Preston Pysh (12:47) - Sponsors (15:03) - Sooly Kobayashi (21:49) - Max Hillebrand (28:46) - Sponsors(29:43) - Siddarth Bharwani (40:07) - Lara Eggiman Links: https://bitcoin-oasis.com/ https://x.com/BTCArabiaLtd https://x.com/PrestonPysh https://primal.net/sooly https://primal.net/p/nprofile1qqst0mtgkp3du662ztj3l4fgts0purksu5fgek5n4vgmg9gt2hkn9lqv6g2cl https://x.com/sidbharwani https://x.com/SwissAlice1 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…

1 Can you retire on bitcoin? with Gilded Pleb | SLP652 53:46
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Stephan & Gilded Pleb, a developer who created StackMath, a financial calculator for Bitcoin, discuss Gilded's personal journey with Bitcoin, its potential impact on homelessness, and the importance of understanding financial models for retirement planning. Gilded explains how traditional financial calculators often fail to account for the volatility of Bitcoin and introduces the Monte Carlo simulation as a more effective tool for predicting financial outcomes. The conversation also touches on inflation, retirement strategies, and the significance of model selection in financial planning. They also explore the emerging role of Bitcoin treasury companies and how they can provide access to fiat leverage, while also emphasizing the importance of self-custody. The discussion shifts to risk management strategies, including the allocation of portfolios between Bitcoin and high-risk investments. Takeaways 🔸Gilded Pleb shares his personal journey with Bitcoin and homelessness. 🔸Bitcoin can alleviate some of the pressures causing homelessness. 🔸Traditional financial calculators often fail to account for Bitcoin's volatility. 🔸Monte Carlo simulations provide a better model for financial predictions. 🔸The 4% rule is a heuristic for retirement planning. 🔸Inflation rates can significantly impact financial planning. 🔸StackMath allows users to run their own financial simulations. 🔸Understanding the range of Bitcoin's price is crucial for planning. 🔸DCA (Dollar-Cost Averaging) can be a reasonable strategy for retirement. 🔸Nation states could be the next major buyers of Bitcoin. Debt is complicated, especially when collateralizing Bitcoin. 🔸Being in debt can feel antithetical to the Bitcoin ethos. 🔸Bitcoin allows for personal sovereignty and mobility. 🔸Many Bitcoin treasury companies operate on fiat IOUs. 🔸The fundamental nature of Bitcoin offers unique advantages. 🔸A 90-10 portfolio strategy can balance risk and security. 🔸Access to fiat leverage can enhance Bitcoin investments. 🔸Volatility in Bitcoin may decrease as it matures. 🔸Investment strategies should consider individual risk tolerance. 🔸Exploration and education are key in navigating Bitcoin investments. Timestamps: (00:00) - Intro (01:00) - Who is Gilded Pleb?; Navigating homelessness & finding Bitcoin (05:34) - What is StackMath?; The importance of Monte Carlo simulation (13:16) - Inflation & financial planning (17:11) - What are the key strategies for retiring on Bitcoin? (21:32) - Sponsors (24:48) - Model selection & Predictions for Bitcoin (28:20) - Should you borrow against your Bitcoin stack? (33:46) - The role of Bitcoin Treasury Companies (36:23) - How can one manage risks in Bitcoin investments? (38:11) - Sponsors (39:15) - Navigating Bitcoin volatility with Bitcoin Treasury Companies (46:44) - Can Bitcoin Treasury Companies be modelled? (52:53) - Closing thoughts Links: https://x.com/gildedpleb https://stackmath.xyz/ 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…

1 Fedimint 0.7 - eCash, Iroh, LNURL and easy setup with Eric & Joschi | SLP651 1:13:28
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In this episode, Stephan discusses the latest updates on Fedimint with its founders Eric Sirion and Joschi. They delve into the concept of eCash, its significance in the Bitcoin ecosystem, and the differences between Fedimint and other systems like Cashu. The conversation highlights the real-world applications of Fedimint, recent updates including version 0.7, and the introduction of IROH, which simplifies the setup process. They also explore the importance of client agnosticism, the integration of LN URL and BOLT 12 for enhanced user experience, and the role of Lightning Gateways in facilitating transactions. The conversation also dives into the intricacies of Fedimint - a decentralized solution for Bitcoin custody and management. The speakers discuss the roles of clients and guardians, the ease of setting up a Fedimint, and the future of community adoption. They explore the comparative advantages of Fedimint over other Bitcoin solutions, including Liquid and custodial wallets, emphasizing the importance of privacy, trust, and decentralization in the Bitcoin ecosystem. Takeaways 🔸Fedimint is a decentralized eCash system that enhances privacy. 🔸eCash allows users to transact without revealing their identity. 🔸The multi-sig approach in Fedimint increases security and resilience. 🔸Fedi is a commercial entity that builds on the Fedimint protocol. 🔸Fedimint enables community custody of Bitcoin, fostering local economies. 🔸Version 0.7 of Fedimint introduces new features like recurring payments. 🔸IROH simplifies the setup process for Fedimint, making it more accessible. 🔸Client agnosticism allows for flexibility in integrating with various applications. 🔸LNURL facilitates recurring payments, improving user experience. 🔸Lightning Gateways provide efficient transaction processing for users. Clients can choose from multiple gateways for redundancy. 🔸Guardians manage the server, while clients handle complexity. 🔸Setting up a Fedimint is simplified for users. 🔸Community adoption requires a certain density of Bitcoin use. 🔸Federations will vary in size, with some becoming quite large. 🔸Privacy and trust are key factors in choosing a federation. 🔸Self-custodial solutions are seen as the gold standard. 🔸Custodial solutions may pose systemic risks to Bitcoin. 🔸Decentralization of custody is crucial for Bitcoin's future. 🔸Government regulations can impact Bitcoin adoption significantly. Timestamps: (00:00) - Intro (00:49) - Who are Eric & Joschi? (02:57) - What is eCash? What is its role in Bitcoin? (04:09) - What is the difference between Fedimint & Cashu? (06:11) - Fedi vs. Fedimint - what are they? (08:50) - Real world applications of Fedimint (12:53) - What is Iroh? (17:08) - How does Iroh work? (Technical insights & functionality) (18:50) - Sponsors (31:17) - Enhancing UX with LNURL & Bolt12 (35:07) - What is the role of Lightning gateways in Fedimint? (40:18) - Simplifying Guardian setup and management (44:29) - The future of Fedimint & community adoption; Federation sizes & distribution (48:46) - Privacy and Trust in Federations (50:18) - Sponsors (51:18) - Comparative analysis of Bitcoin custody solutions (59:39) - Fedimint Vs Liquid Federation (1:04:20) - Will nation states choose an eCash-type solution? (1:05:38) - Thoughts on Bitcoin custody amidst growing global adoption (1:07:54) - ‘Single Binary’ update in Fedimint (1:12:23) - Closing thoughts Links: https://x.com/EricSirion https://x.com/joschisanbtc https://x.com/fedimint/status/1912173279239897133 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…

1 From Cypherpunks to Corporates with Matyas Kuchar | SLP650 44:19
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In this episode, Stephan Livera speaks with Matyas Kuchar about the evolving landscape of Bitcoin, particularly focusing on the BTC Prague conference and the changing demographics of Bitcoin enthusiasts. They discuss the shift in sentiment towards Bitcoin, the importance of education in fostering self-sovereignty, and the role of corporate strategies in Bitcoin treasury management. The conversation also touches on the Czech Republic's unique position in the Bitcoin ecosystem and the upcoming BTC Prague conference, which aims to unite the Bitcoin community and promote individual empowerment. Takeaways 🔸BTC Prague reflects the changing sentiment of Bitcoin. 🔸The new wave of Bitcoiners is more mainstream and diverse. 🔸Education is crucial for newcomers to understand Bitcoin's values. 🔸Self-sovereignty is a key principle of Bitcoin. 🔸Czech Republic is becoming a hub for Bitcoin innovation. 🔸The Bitcoin community is welcoming and supportive. 🔸Corporate strategies for Bitcoin treasury are evolving. 🔸The year 2025 is seen as pivotal for Bitcoin adoption. 🔸Conferences like BTC Prague foster connections and learning. 🔸Individuals can leverage Bitcoin in their existing jobs. Timestamps: (00:00) - Intro (01:03) - What’s new with BTC Prague? (03:33) - The evolution of Bitcoin adoption (06:34) - The changing demographics of Bitcoin enthusiasts (11:21) - Choosing self sovereignty over ETFs (14:02) - What is the role of education in Bitcoin adoption? (17:16) - Today’s Bitcoiners will be tomorrow’s leaders (19:08) - Sponsors (21:29) - Bitcoin treasury management & evolving corporate strategies (23:54) - Choosing between a fiat job & a bitcoin job (24:48) - How is Bitcoin adoption shaping in the Czech Republic? (32:03) - Sponsors (34:35) - Will the central bankers understand Bitcoin? (41:31) - What to expect at BTC Prague 2025? Links: https://x.com/Matyas44Cook https://x.com/btcprague https://x.com/chaincampcz 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…

1 DMND: The First Full SV2 Mining Pool with Alejandro de la Torre | SLP649 59:45
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In 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…

1 There is no cycle with Checkmate | SLP648 1:01:19
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Stephan 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…

1 Mining Bitcoin vs. Buying Bitcoin with Mason Jappa | SLP647 1:05:05
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In 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…

1 Fixing Bitcoin Payment UX with Conor Okus and Stephen DeLorme | SLP646 56:15
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In 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…

1 Ark: Scaling Bitcoin Payments with Steven Roose | SLP645 1:17:08
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Stephan 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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