Stephan Livera
@stephanlivera • 191,233 subscribers
Bitcoin podcaster. Investor & Advisor @ORANJEBTC, @bringinxyz
Videos
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 views • 4 months ago
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 Livera45,568 views • 4 months ago
Why funding open source is NOT philanthropy with Pavlenex | SLP734 Pavlenex, Bitcoin open source contributor, joins me to discuss why funding builders matters, how open source projects evolve, and what’s new with Stratum V2 & BTCPay Server. Timestamps: (00:00) - Intro (01:09) - Open source is not philanthropy (05:07) - Reaction to MARA Foundation’s initiative (06:40) - Stages of open source projects (11:51) - The necessity of economic incentives (16:42) - AI's impact on open source contributions (19:48) - “Upstream decisions, downstream impact” (24:33) - Open source as a complement to R&D (28:46) - Navigating corporate funding & control (31:14) - Identifying & supporting the right projects (35:56) - Directed grants vs Open grants (39:55) - The importance of supporting open source (42:41) - Updates on Stratum V2 (47:02) - Updates on BTCPay Server (48:47) - What is the Samrock protocol for BTCPay?
Stephan Livera10,592 views • 1 month ago
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 Livera19,469 views • 2 months ago
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 Livera23,827 views • 3 months ago
Tokenisation and 'real world assets' market opportunity explained by Pierre Rochard
Stephan Livera69,448 views • 1 year ago
Lightning is the common language of Bitcoin with @therealkingonly from Breez SLP596 Just like how English is the international language of business, Bitcoin’s lightning network is how various layers and apps and products will ‘talk’ to each other. Roy Sheinfeld, founder and CEO of Breez (Breez ⚡) rejoins me to talk about updates in lightning and what’s new with Breez SDK. We discuss the various layers and ways of interacting with Bitcoin and lightning, using Liquid (Liquid Network 🌊) with swaps, and Bitcoin as a medium of exchange. Timestamps: (00:00) - Intro (00:56) - The current state of Bitcoin & Lightning network (03:17) - Mutiny Wallet contributions to Bitcoin (04:54) - Regulatory landscape, Dollarisation of Bitcoin & Importance of self-custodial solutions (16:07) - HODLing vs Spending Bitcoin (18:55) - Lightning is the common language of the Bitcoin economy (22:50) - Lightning: Bitcoin’s interoperability protocol (29:42) - Liquid network - overview (31:27) - Existing frictions with the Lightning network; Greenlight implementation, Liquid implementation (38:57) - Boltz - Non-Custodial Bitcoin Bridge X Breez (40:33) - Differences b/w Greenlight & Liquid implementation (49:00) - Lightning on Liquid soon? (52:25) - Possible future integrations & way forward for Breez (57:25) - Outro
Stephan Livera84,895 views • 1 year ago
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 views • 4 months ago
BTC Prague 2026 with Matyas Kuchar | SLP733 Matyas Kuchar, co-founder BTC Prague joins me to discuss the intersection of AI & Bitcoin, CBDC threats, community infighting, why in-person conferences matter and more. Timestamps: (00:00) - Intro (01:18) - What to expect from BTC Prague? (06:10) - The Intersection of AI & Bitcoin (10:41) - Rise of surveillance state & importance of Bitcoin (16:07) - CBDCs in Europe and regulatory challenges (19:30) - Community divides in Bitcoin (25:59) - The different types of conference attendees at BTC Prague (29:58) - The value of in-person connections (34:40) - Strategy’s influence on Bitcoin adoption (40:20) - Why attend BTC Prague?
Stephan Livera13,464 views • 2 months ago
Is Quantum FUD BS? with James O'Beirne | SLP721 jamesob, Bitcoin developer joins me to discuss quantum hype vs reality, developer trade-offs, protocol upgrade challenges, and what it means for self-custody, UX, and Bitcoin’s long-term adoption. (00:00) - Intro (00:46) - What is the deal with quantum computing and Bitcoin? (05:05) - Advancing progress in quantum computing (09:43) - Is the quantum threat to Bitcoin around the corner? (11:57) - Quantum resistant schemes developed by Bitcoiners (15:45) - NIST and diverse views on Post-quantum cryptography (22:31) - The future of Bitcoin in a Post-quantum world (29:45) - 'Matt Corallo (Matt Corallo 🟠) Quantum Plan' (34:08) - A modest version of the Big Blocker view (38:41) - Covenants and Scaling Bitcoin (43:35) - Comparing OP_TEMPLATEHASH & OP_CTV (48:01) - The ‘Slow and Steady’ approach to Bitcoin development (55:19) - What’s the next adoption pathway for Bitcoin? (1:04:04) - AssumeUTXO, Utreexo & Floresta (1:07:20) - Why are so few people running Bitcoin nodes? (1:14:52) - Closing thoughts
Stephan Livera17,889 views • 3 months ago
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 views • 6 months ago
Floresta: Making Bitcoin Node Verification Accessible with Davidson Souza | SLP705 Erik, full-time Bitcoin OSS contributor supported by Vinteum, joins me to discuss Floresta - a lightweight Bitcoin node focused on privacy, security, and usability. We explore compact block filters, Utreexo, easier self-sovereignty and more. (00:00) - Intro (01:04) - Who is Davidson Souza? (01:39) - What is Floresta? (03:40) - Floresta tradeoff for the end user (08:08) - How does a Utreexo-powered Electrum server work? (12:00) - Feasibility for mobile devices (14:47) - Which script types does Floresta support? (15:50) - Who is the target audience of Floresta? (20:18) - Could Floresta be built into existing Bitcoin phone apps? (22:22) - How does Floresta work? (27:53) - What’s the goal of ‘Proof of Work Fraud Proof’? (34:24) - Who are ‘honest miners’? (36:05) - Proof of Work Fraud Proof vs. SPV vs ‘trust the server’ model (42:50) - The relationship between Floresta and Utreexo; bridge nodes & compact state nodes (51:12) - What will be the cost & accessibility challenges to run a Floresta node? (56:23) - Is Floresta compatible with Bitcoin’s Layer 2 protocols? (59:15) - Using Floresta in real life (1:01:32) - Closing thoughts
Stephan Livera21,583 views • 5 months ago
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 views • 7 months ago
Multisig Bitcoin custody for businesses with Kevin Loaec | SLP704 Self-custody is hard, especially for businesses. Kevin Loaec 🧙♂️🐟, CEO 🧙♂️🐟 Wizardsardine joins me to discuss why multisig matters, the risks of custodians, and how Liana Wallet Business is redefining recovery, roles, timelocks & key management. (00:00) - Intro (01:06) - Why aren't businesses doing self custody right now? (02:55) - Evolution of multisig and Hardware Wallets (07:51) - Are there centralization risks with custodians? (10:24) - What is Liana Business? (13:11) - Multisig configurations with Liana (15:24) - Is Liana business optimal for businesses of all sizes? (17:31) - How does Liana Business address role-based governance? (25:03) - What are some of the recovery mechanisms in Liana? (29:04) - Understanding Time Locks and Wallet Management (32:00) - Who are the key holders while setting up Liana business?; Insurance in Bitcoin custody (37:06) - How should businesses manage key loss? (38:47) - What are some of the threat vectors in Bitcoin custody? (41:07) - What are the privacy concerns with hardware key reuse? (48:23) - Seamless key management for businesses (53:40) - What is Liana's USP? (55:27) - What is the future of corporate Bitcoin custody? (58:49) - Balancing convenience and security in Bitcoin custody
Stephan Livera19,584 views • 6 months ago
The Impact of FATF on Global Banking with OpnState | SLP627 Government insider OpnState reveals FATF's role in eroding national sovereignty under the guise of AML laws. Hear his take on compliance culture, self-hosted wallets, & the fight for individual rights. 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 (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? (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
Stephan Livera41,017 views • 1 year ago
Bitcoin Adoption in Mexico and Aureo with Gustavo Flores | SLP701 Gustavo | Aureo, CEO & founder of Aureo joins me to discuss the current landscape of Bitcoin adoption in Mexico. From cultural shifts, investor education, to navigating regulation in Mexico, Gustavo shares Aureo’s mission, lessons from La Casa de Satoshi, and why local context matters in Bitcoin adoption. (00:00) - Intro (01:05) - Gustavo's Bitcoin journey (03:35) - Understanding the technical landscape of Bitcoin; Community dynamics (09:44) - Why is Gustavo building a Bitcoin company in Mexico?; Cultural differences (16:12) - The Mexican financial landscape (19:43) - Where do Mexicans invest their money? (23:15) - Mexican Peso debasement (25:49) - What is Aureo? (28:04) - The El Salvador advantage with regulations (31:08) - How is Aureo different from crypto companies in Mexico? (34:51) - What is La Casa De Satoshi? (38:20) - The evolving Bitcoin movement in Mexico (41:50) - Raising capital with Early Riders; Bitcoin is the hurdle rate (46:30) - Closing thoughts on Bitcoin in Mexico
Stephan Livera20,641 views • 6 months ago
What are Stable Channels? - The ELI5 version as explained by Tony
Stephan Livera43,312 views • 1 year ago