Stephan Livera
@stephanlivera • 193,461 subscribers
Bitcoin podcaster. Investor & Advisor @ORANJEBTC, @bringinxyz UAE Media Licence Permit: 8630300
Videos
Inconsistency in the BIP110 argument exposed by Daniel Ƀrrr
Stephan Livera18,758 Aufrufe • vor 1 Monat
Strive: Amplified Bitcoin Exposure Engine with Matt Cole | SLP710 Matt Cole, Chairman & CEO Strive joins me to discuss Strive's strategic acquisition of Semler Scientific, disciplined debt management, digital credit, smart acquisitions, BTC amplification through SATA and more. (00:00) - Intro (01:37) - Strive’s growth and developments (05:54) - What do institutions look for when investing in a BTCTC?; Reverse stock split (09:08) - How will Strive manage its debt?; Amplifying Bitcoin exposure (13:22) - How will Semler Scientific be monetized? (17:06) - Accelerating Bitcoin yield through SATA; Possible future M&A (22:53) - Structuring a merger of a BTCTC (26:30) - Valuing a BTCTC and mNAV considerations (34:46) - Matt's take on Danny Knowles's interview with Michael Saylor (39:54) - Should every BTCTC engage in financial engineering? (44:18) - Differentiation in Bitcoin treasury companies (48:40) - What is the difference between $SATA and $STRC? (53:38) - Who is SATA for? (57:49) - Which are the pools of capital that can’t directly buy Bitcoin? (1:01:41) - Have BTCTCs cannibalized the on-chain use of Bitcoin? (1:04:34) - Outlook for Bitcoin in 2026
Stephan Livera79,529 Aufrufe • vor 7 Monaten
Daniel Buchner: Why BIP 110 Cannot Stop Bitcoin Spam | SLP758 Daniel Ƀrrr dismantles the case for BIP 110, showing that embedding data in public keys and hashes makes consensus-level spam filters ineffective from day one. Timestamps: 01:31 — Locusts Flock to Bitcoin's Last Pasture 03:32 — Core Policy Tweaks Aren't Consensus Rules 08:44 — Spam Hides in Any Public Key or Hash 11:12 — Spammers Adapt in a Day, Consensus Can't 14:59 — BIP110 Debate Exposes Major Inconsistency 20:44 — Why the House Analogy Totally Fails 25:25 — Nodes Get Cheaper Even With Max Spam 28:08 — Set Tolerances Assuming Worst Case 30:35 — Legal Liability for Bad Chain Data 33:04 — Filter Regime Creates Government Backdoor 35:13 — BIP 110 Risks Centralizing Dev Around Luke 37:33 — Economic Incentives Trump 'Good Guy' Miners 39:03 — Economic Nodes Outweigh Basement Node Runners 43:49 — BIP 110 Has Near-Zero Economic Support 48:43 — Game Theory? 55:52 — BIP 110 Fork Dies With a Whimper
Stephan Livera14,580 Aufrufe • vor 1 Monat
Lyn Alden: BIP 110, Bitcoin Cycles, Fiscal Dominance, AI Trade | SLP757 Lyn Alden of ego death capital rejoins me on the show. We talk BIP110, the Bitcoin cycle, Fiscal dominance, Interest rates, the AI trade and ORANGE JUICE. Timestamps: 01:34 — BIP 110 Won't Stop Spam 04:16 — Bitcoin Faces August Chain Split Risk 11:32 — Bitcoin in Bottom Decile of Cycle 14:57 — Nothing Stops This Fiscal Train 17:24 — Why Volcker Can't Work Today 21:22 — Higher Rates Won't Break the System 24:04 — Net Issuance Matters, Not Gross Refi 26:54 — Fed Balance Sheet Stays Flattish 32:16 — Broad Money Grows Despite Flat Fed 35:25 — US Money Supply Growth Hits 5-8% 38:11 — Fiscal Dominance: Who Wins the Money? 41:10 — Why Semiconductors Print Money 44:33 — Software Stocks: Value Trap or Opportunity? 46:51 — AI Is the New Dot-Com Bubble 51:20 — Orange Juice: Bitcoin-Backed Business Buyer 57:17 — Permanent Capital Vehicle, Not a Fund 58:59 — Founders Keep Equity Upside After Sale
Stephan Livera13,411 Aufrufe • vor 1 Monat
James Check: Spot Buyers Saving Bitcoin Amid Time Pain | SLP755 _Checkmate 🟠🔑⚡☢️🛢️ of _Checkonchain, joins me to break down the current cycle through on-chain data and market psychology. We’ve seen sales from ETFs and some Treasury Companies, but spot demand remains in a shallow bear market. Check examines why short-term holders flipped into high-conviction buyers, 53K realized price might be a floor and the Pareto distribution among Bitcoin treasury companies. Timestamps: 00:56 — Last Day of Bear Feels Worst 03:26 — Time Pain Grinds Out Weak Hands 05:53 — Shallowest Bear Market Ever Seen 08:53 — Spot Buyers Saving Bitcoin From Zero 11:14 — Short-Term Holders Are Now Smart Money 15:28 — July Bear Bottom: 8-Method Average 18:50 — 53K Realized Price Now the Floor 23:00 — Buy Bottom 15% and Just DCA 28:30 — The AI Trade 30:46 — Bitcoin and Gold Share a Rare Moat 35:23 — Will Most Bitcoin Treasuries Fail? 37:37 — MSTR's Sale of Bitcoin 41:28 — Bitcoin Treasuries Follow Harsh Pareto Rule 47:30 — Bitcoin Treasuries Next Cycle 49:05 — High-Yield Trap?
Stephan Livera15,851 Aufrufe • vor 1 Monat
Hash-based signatures for Bitcoin's post-quantum future? with Jonas Nick | SLP713 Bitcoin researcher Blockstream and bitcoin/secp256k1 contributor, Jonas Nick joins me to discuss how quantum computing could impact Bitcoin’s security. We explore post-quantum cryptography, hash-based signatures, impact on hardware wallets, the controversial block size trade-offs and more. (00:00) - Intro (01:49) - How real is quantum risk to Bitcoin? (04:39) - When could quantum pose a threat to Bitcoin’s cryptography? (09:56) - Long range vs Short range attacks (12:37) - How many coins are vulnerable to Long range attacks? (14:12) - Different types of cryptography and exploring Hash-based signature schemes (17:00) - Categories of Hash-based signature scheme and their pros & cons (23:42) - How do Hash-based signatures work? (32:14) - Would Lightning, Multi-sig, Taproot, Silent Payments, Atomic swaps work in a post-quantum world? (38:50) - What are Adaptor signatures & how do they affect atomic swapping? (41:27) - Will we need new Bitcoin hardware wallets?; Signature production & verification (44:41) - Signature size and Bitcoin block capacity implications (46:52) - Should we revisit the block size conversation? (54:57) - Overview of SPHINCS+ & SHRINCS (59:49) - Transitioning to post-quantum signature schemes; Overview of BIP 360 (1:09:06) - Closing thoughts
Stephan Livera45,684 Aufrufe • vor 7 Monaten
Bitcoin builders and developers at BTC Prague 2026 - SLP741 (00:00) – skot of BitAxe/SHA256 foundation (09:01) – Alex Bragin of JAN3 (20:35) – Will Cole of Zaprite (₿/⚡) (28:45) – Philipp of Satora (ex-Lendasat) (39:33) – Coinjoined Chris ⚡ of SEEDOR⚡Bitcoin Backup / bitsurance.io - Self Custody Bitcoin Insurance (46:23) – Nathan Day of BTC Map
Stephan Livera19,815 Aufrufe • vor 2 Monaten
Michael Michael Saylor on digital credit and digital money and what he means when he says that
Stephan Livera17,615 Aufrufe • vor 2 Monaten
Tokenisation and 'real world assets' market opportunity explained by Pierre Rochard
Stephan Livera69,448 Aufrufe • vor 1 Jahr
What do Bitcoiners do about Quantum? with Matt Corallo | SLP719 Matt Corallo 🟠, Bitcoin & Lightning developer at Spiral joins me to discuss the threat of Q-Day on Bitcoin, and his ideas on how to gracefully deal with it. (00:00) - Intro (00:51) - Quantum computing timelines (03:38) - Are Bitcoin developers taking the quantum threat seriously? (07:41) - Evaluating the quantum threat (10:00) - The 'Matt Corallo Quantum Plan' (17:48) - Future community decisions on quantum security (20:12) - Will Bitcoin need a soft fork? (23:30) - Market response to quantum threat (28:15) - The role of seed phrases in quantum security (33:40) - Post quantum cryptographic schemes (37:23) - Patoshi miner adapting to Q-Day (43:25) - Which public cryptography scheme is most suitable? (50:20) - Closing thoughts
Stephan Livera23,851 Aufrufe • vor 6 Monaten
The Financial System Built on Bitcoin with Arnab Naskar | SLP712 Arnab Naskar @stokr, Co-founder, STOKR joins me to discuss how Bitcoin as a settlement layer & Liquid enable tokenization, confidential tx, capital markets, and new financing for energy & mining. (00:00) - Intro (00:59) - Who is Arnab and what is Stokr? (02:29) - Isn’t Bitcoin enough? (04:44) - How and why is Stokr different?; The importance of Liquid Network (08:35) - How does Liquid compete with other chains for tokenization of assets? (11:54) - What is CMSTR? (15:01) - Does Stokr help finance SMEs & traditional businesses? (18:23) - What is Blockstream Mining Note (BMN)? (24:34) - Trust minimising the ownership of securities; Whitelisting process (28:57) - How big is Liquid Network 🌊? How does it fare compared to other asset platforms? (33:43) - Who are the customers of Stokr’s tokenized products? (37:34) - What does the interface between Stokr and the end user look like?; The Blockstream edge (46:11) - Is TradFi embracing tokenization of assets?; Will Bitcoin be the base layer for tokenization? (56:25) - Closing thoughts
Stephan Livera24,263 Aufrufe • vor 7 Monaten
Bitcoin 2025 Guide: Wallets, Nodes & Merchants with BTC Sessions & K3tan | SLP626 BTC Sessions 😎 and k3tan join me to talk through the latest beginner friendly tools for using Bitcoin in 2025 🔎📝. Timestamps: (00:00) - Intro (04:25) - Software Bitcoin Wallets (22:52) - Hardware Bitcoin Wallets (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
Stephan Livera49,582 Aufrufe • vor 1 Jahr
Cluster Mempool Explained with Pieter Wuille | SLP730 Pieter Wuille, Bitcoin Engineer at Chaincode Labs joins me to discuss Cluster Mempool. We explore how transaction clustering improves efficiency, impacts miners & exchanges, and strengthens censorship resistance. (00:00) - Intro (01:05) - What is Cluster Mempool? (03:05) - What is its impact on everyday Bitcoin users? (06:21) - How does the mempool work today? (11:52) - Current mempool heuristics and issues (16:37) - Censorship resistance and economic demand (22:56) - Practical implications for exchanges & miners (26:12) - How does cluster mempool work? (29:29) - Transaction clusters & mempool dynamics (37:27) - Should mempools align across the node network? (43:47) - What about other implementations of Bitcoin? (48:17) - Other interesting areas for bitcoin development (52:11) - Closing thoughts
Stephan Livera19,499 Aufrufe • vor 5 Monaten
Bitcoin Spam: A Libre Relay View with Proof of Cash | SLP703 ProofOfCash ⚔️ URSF joins me for a deep discussion on Bitcoin’s spam debate — from walking through the different 'camps', Libre Relay, filters and fee-market chaos to BRC-20 hype, inscriptions, and miner incentives. We explore consensus vs policy, node costs, RDTS, and more. (00:00) - Intro (01:49) - What are the different camps in this debate? (04:55) - What is consensus and how is it different from policy? (11:23) - Libre Relay and its role in Bitcoin (15:53) - Are certain transactions strictly harmful? (19:30) - Do Dust filters work?; Dust limits and their implications (29:59) - Orphan rates & mining dynamics (35:14) - What is Spy mining? (38:14) - Can all the small miners gather to punish spam on Bitcoin?; Decentralizing mining (43:40) - Do Bitcoin miners shape reality? (48:13) - What constitutes spam in Bitcoin? (56:09) - Cultural perspectives on Bitcoin and spam (1:03:15) - Are miners short-term focussed?; Bitcoin’s robust fee market (1:11:39) - The unsustainable nature of hype (1:19:50) - What are the hardware costs of running a node?; Connectivity & accessibility for Bitcoin nodes (1:29:00) - Spam - incremental costs & time of transaction confirmation (1:36:40) - Is it cost & time intensive for spammers to run Libre Relay? (1:42:00) - What are the legal perspectives of data embedding in Bitcoin? (1:49:47) - Is it feasible to block inscriptions?; Dilemma of temporary fixes (2:01:50) - Kevin’s thoughts on RDTS (Reduced Data Temporary Softfork) (2:21:53) - Is programmability important in Bitcoin? (2:27:40) - Closing thoughts
Stephan Livera27,764 Aufrufe • vor 9 Monaten
Sovereign Individuals Spend & Replace Bitcoin with André Loja | SLP695 André Loja joins me to discuss how FREE Madeira is driving Bitcoin adoption through education, local merchants, and community. We also explore how the Basalto Fund lets investors gain residency in Portugal while investing in Bitcoin. (00:00) - Intro (01:54) - What is Free Madeira? (08:11) - Has Bitcoin adoption attracted people to visit Madeira? (15:07) - The experience of earning & spending Bitcoin on the island (17:43) - What is Sovereign Engineering? (24:08) - André’s business ventures in Madeira (28:36) - HODL only or Spend & Replace Bitcoin? (35:32) - What is the Basalto Fund? (41:07) - Understanding Portugal’s Golden visa process (46:14) - Basalto Fund - Fees and Performance (51:03) - How autonomous is Madeira?; Services and opportunities (56:58) - Future plans and Community development (1:00:37) - Closing thoughts
Stephan Livera26,517 Aufrufe • vor 10 Monaten