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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...

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Stephan Livera

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14,580 views • 1 month ago •via X (Twitter)

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Inside the debate splitting the Bitcoin community, with Hardfork Kratter. Will BIP-110 result in a chain split soon? TIMESTAMPS: 00:00 Trailer and Intro 03:00 Working for Peter Thiel 05:11 How Bitcoin University started 08:07 What made Matt a Bitcoiner 10:23 Bitcoin is about sovereignty 14:56 The email attachment analogy for OP_RETURN 17:34 Brief history of Core and Knots 19:38 What BIP 110 actually does 23:01 How many nodes running Knots 26:59 Who really decides Bitcoin's rules 32:18 Could this split Bitcoin into two separate tokens? 35:52 Can't spammers just get around it? 40:23 Why Matt calls this a civil war 42:05 What happens to your coins in a chain split 44:44 Why have attacks gotten so personal? 48:05 Will Matt Kratter call Michael Saylor? 51:57 Does Bitcoin even have a spam problem? 55:05 Upholding Bitcoin’s neutrality 57:19 BIP 110 signaling Saturday 1:06:28 Why Matt says this is "life or death"
1:09:51

Inside the debate splitting the Bitcoin community, with Hardfork Kratter. Will BIP-110 result in a chain split soon? TIMESTAMPS: 00:00 Trailer and Intro 03:00 Working for Peter Thiel 05:11 How Bitcoin University started 08:07 What made Matt a Bitcoiner 10:23 Bitcoin is about sovereignty 14:56 The email attachment analogy for OP_RETURN 17:34 Brief history of Core and Knots 19:38 What BIP 110 actually does 23:01 How many nodes running Knots 26:59 Who really decides Bitcoin's rules 32:18 Could this split Bitcoin into two separate tokens? 35:52 Can't spammers just get around it? 40:23 Why Matt calls this a civil war 42:05 What happens to your coins in a chain split 44:44 Why have attacks gotten so personal? 48:05 Will Matt Kratter call Michael Saylor? 51:57 Does Bitcoin even have a spam problem? 55:05 Upholding Bitcoin’s neutrality 57:19 BIP 110 signaling Saturday 1:06:28 Why Matt says this is "life or death"

Natalie Brunell ⚡️

109,096 views • 1 month ago

Bitcoin isn't digital gold. It's not locked in by math. You can kill it. The man who ran money at Peter Thiel's hedge fund came on to explain who's trying — and why the only thing protecting Bitcoin is the people who run nodes. Matthew R. Kratter #BIP-110 — Bitcoin University founder, former Clarium / Thiel-world macro trader, early Palantir investor — joins me to lay out the fight consuming Bitcoin right now in plain English: why he says Bitcoin Core has "gone rogue," the spam war over OP_RETURN and BIP-110 he calls Bitcoin's last stand, why consensus flows from culture and not code, who actually controls the network (hint: not the miners), and how to mine Bitcoin from home for about $10 a day. Send this to anyone who thinks Bitcoin can't be stopped. TIMESTAMPS: 00:00 Intro 01:00 Physics dropout to literature — Stanford & Berkeley 05:27 René Girard & meeting Peter Thiel 07:56 Becoming a trader: Thiel Macro → Clarium 12:43 The PayPal mafia, network effects & the dot-com bottom 20:23 Global macro at Clarium & the 2003 housing-blowup call 24:08 Napster, PayPal & the "new world currency" 28:32 Government as the ultimate customer — Palantir & the CIA (In-Q-Tel) 36:00 Deep-state roots — is Peter Thiel captured? 49:32 Culture is upstream of consensus 57:00 Bitcoin isn't magic — nodes, immutability & the spam risk 1:01:42 Why spam is a problem — tragedy of the commons 1:04:30 Spam since Satoshi & the 2014 OP_RETURN war 1:14:30 The changing of the guard at Bitcoin Core 1:18:43 Core uncaps OP_RETURN to 100,000 bytes 1:28:00 Consensus flows from culture — the 2nd Amendment analogy 1:35:20 BIP-110 — the temporary soft fork 1:44:00 Why small blocks — and running nodes in Cuba 2:18:55 SegWit & the 2017 UASF — how 500 nodes won 2:24:00 The miners are just employees — node runners set the rules 2:41:46 "Firing the miners" — changing proof-of-work 2:55:18 Bitcoin Core went rogue — the last stand 2:58:50 You can kill Bitcoin 3:01:20 Mine Bitcoin from home for ~$10/day, KYC-free 3:11:09 Where to find Matt ▶️
3:16:47

Bitcoin isn't digital gold. It's not locked in by math. You can kill it. The man who ran money at Peter Thiel's hedge fund came on to explain who's trying — and why the only thing protecting Bitcoin is the people who run nodes. Matthew R. Kratter #BIP-110 — Bitcoin University founder, former Clarium / Thiel-world macro trader, early Palantir investor — joins me to lay out the fight consuming Bitcoin right now in plain English: why he says Bitcoin Core has "gone rogue," the spam war over OP_RETURN and BIP-110 he calls Bitcoin's last stand, why consensus flows from culture and not code, who actually controls the network (hint: not the miners), and how to mine Bitcoin from home for about $10 a day. Send this to anyone who thinks Bitcoin can't be stopped. TIMESTAMPS: 00:00 Intro 01:00 Physics dropout to literature — Stanford & Berkeley 05:27 René Girard & meeting Peter Thiel 07:56 Becoming a trader: Thiel Macro → Clarium 12:43 The PayPal mafia, network effects & the dot-com bottom 20:23 Global macro at Clarium & the 2003 housing-blowup call 24:08 Napster, PayPal & the "new world currency" 28:32 Government as the ultimate customer — Palantir & the CIA (In-Q-Tel) 36:00 Deep-state roots — is Peter Thiel captured? 49:32 Culture is upstream of consensus 57:00 Bitcoin isn't magic — nodes, immutability & the spam risk 1:01:42 Why spam is a problem — tragedy of the commons 1:04:30 Spam since Satoshi & the 2014 OP_RETURN war 1:14:30 The changing of the guard at Bitcoin Core 1:18:43 Core uncaps OP_RETURN to 100,000 bytes 1:28:00 Consensus flows from culture — the 2nd Amendment analogy 1:35:20 BIP-110 — the temporary soft fork 1:44:00 Why small blocks — and running nodes in Cuba 2:18:55 SegWit & the 2017 UASF — how 500 nodes won 2:24:00 The miners are just employees — node runners set the rules 2:41:46 "Firing the miners" — changing proof-of-work 2:55:18 Bitcoin Core went rogue — the last stand 2:58:50 You can kill Bitcoin 3:01:20 Mine Bitcoin from home for ~$10/day, KYC-free 3:11:09 Where to find Matt ▶️

The Bitcoin Matrix Podcast ⚡️

20,467 views • 3 months ago

🔁REPOST, MUST WATCH INTERVIEW JUNE 15th 2026 Bitcoin isn't digital gold. It's not locked in by math. You can kill it. The Bitcoin Matrix Podcast ⚡️ #279 Bitcoin Core Has Gone Rogue | Hardfork Kratter, Bitcoin University The man who ran money at Peter Thiel's hedge fund came on to explain who's trying, and why the only thing protecting Bitcoin is the people who run nodes. Matthew Kratter, Bitcoin University founder, former Clarium / Thiel-world macro trader, early Palantir investor, joins me to lay out the fight consuming Bitcoin right now in plain English: why he says Bitcoin Core has "gone rogue," the spam war over OP_RETURN and BIP-110 he calls Bitcoin's last stand, why consensus flows from culture and not code, who actually controls the network (hint: not the miners), and how to mine Bitcoin from home for about $10 a day. Send this to anyone who thinks Bitcoin can't be stopped. TIMESTAMPS: 00:00 Intro 01:00 Physics dropout to literature: Stanford & Berkeley 05:27 René Girard & meeting Peter Thiel 07:56 Becoming a trader: Thiel Macro to Clarium 12:43 The PayPal mafia, network effects & the dot-com bottom 20:23 Global macro at Clarium & the 2003 housing-blowup call 24:08 Napster, PayPal & the "new world currency" 28:32 Government as the ultimate customer: Palantir & the CIA (In-Q-Tel) 36:00 Deep-state roots: is Peter Thiel captured? 49:32 Culture is upstream of consensus 57:00 Bitcoin isn't magic: nodes, immutability & the spam risk 1:01:42 Why spam is a problem: tragedy of the commons 1:04:30 Spam since Satoshi & the 2014 OP_RETURN war 1:14:30 The changing of the guard at Bitcoin Core 1:18:43 Core uncaps OP_RETURN to 100,000 bytes 1:28:00 Consensus flows from culture: the 2nd Amendment analogy 1:35:20 BIP-110: the temporary soft fork 1:44:00 Why small blocks, and running nodes in Cuba 2:18:55 SegWit & the 2017 UASF: how 500 nodes won 2:24:00 The miners are just employees: node runners set the rules 2:41:46 "Firing the miners": changing proof-of-work 2:55:18 Bitcoin Core went rogue: the last stand 2:58:50 You can kill Bitcoin 3:01:20 Mine Bitcoin from home for ~$10/day, KYC-free 3:11:09 Where to find Matt ▶️
3:16:47

🔁REPOST, MUST WATCH INTERVIEW JUNE 15th 2026 Bitcoin isn't digital gold. It's not locked in by math. You can kill it. The Bitcoin Matrix Podcast ⚡️ #279 Bitcoin Core Has Gone Rogue | Hardfork Kratter, Bitcoin University The man who ran money at Peter Thiel's hedge fund came on to explain who's trying, and why the only thing protecting Bitcoin is the people who run nodes. Matthew Kratter, Bitcoin University founder, former Clarium / Thiel-world macro trader, early Palantir investor, joins me to lay out the fight consuming Bitcoin right now in plain English: why he says Bitcoin Core has "gone rogue," the spam war over OP_RETURN and BIP-110 he calls Bitcoin's last stand, why consensus flows from culture and not code, who actually controls the network (hint: not the miners), and how to mine Bitcoin from home for about $10 a day. Send this to anyone who thinks Bitcoin can't be stopped. TIMESTAMPS: 00:00 Intro 01:00 Physics dropout to literature: Stanford & Berkeley 05:27 René Girard & meeting Peter Thiel 07:56 Becoming a trader: Thiel Macro to Clarium 12:43 The PayPal mafia, network effects & the dot-com bottom 20:23 Global macro at Clarium & the 2003 housing-blowup call 24:08 Napster, PayPal & the "new world currency" 28:32 Government as the ultimate customer: Palantir & the CIA (In-Q-Tel) 36:00 Deep-state roots: is Peter Thiel captured? 49:32 Culture is upstream of consensus 57:00 Bitcoin isn't magic: nodes, immutability & the spam risk 1:01:42 Why spam is a problem: tragedy of the commons 1:04:30 Spam since Satoshi & the 2014 OP_RETURN war 1:14:30 The changing of the guard at Bitcoin Core 1:18:43 Core uncaps OP_RETURN to 100,000 bytes 1:28:00 Consensus flows from culture: the 2nd Amendment analogy 1:35:20 BIP-110: the temporary soft fork 1:44:00 Why small blocks, and running nodes in Cuba 2:18:55 SegWit & the 2017 UASF: how 500 nodes won 2:24:00 The miners are just employees: node runners set the rules 2:41:46 "Firing the miners": changing proof-of-work 2:55:18 Bitcoin Core went rogue: the last stand 2:58:50 You can kill Bitcoin 3:01:20 Mine Bitcoin from home for ~$10/day, KYC-free 3:11:09 Where to find Matt ▶️

Cedric Youngelman ⚡️

18,391 views • 1 month ago

Bitcoin Core OP RETURN and spam explained by a Core Dev with Antoine Poinsot | SLP661 Seeing as people want to discuss Bitcoin spam, Antoine Poinsot and I discuss Bitcoin's OP_RETURN in depth - covering spam filtering, consensus rules, miner centralization, the future of spam concerns & more. (00:00) - Intro (01:42) - Understanding Consensus & Relay policies in Bitcoin (05:21) - Historical context of standardness Rules in Bitcoin Core (11:05) - Are Bitcoin Core proponents being paid to ‘break’ Bitcoin? (13:42) - Differentiating b/w OP_RETURN PR & the general spam filtering debate (22:46) - Is Bitcoin Money or a Data Storage protocol? How do most Core devs view it? (25:36) - Why not raise the OP_RETURN limit to ~150 bytes? (29:02) - How urgent is it to fix the issue? (31:56) - Why not let the node runners choose what they want to relay? (39:03) - Do filters work or do they not? (43:27) - Are concerns about UTXO bloat, miner centralisation, block propagation etc. being overplayed by Core devs? (50:30) - Will miners who mine spam be penalised if node runners run knots? (1:00:28) - Is Bitcoin Core serious about stopping UTXO bloat? (1:07:00) - Why did Core not try to stop bare multisig spam? (1:08:58) - Should Bitcoin devs be playing a whackamole game with spammers? (1:18:24) - Summary & Future of OP_RETURN and spam concerns Includes Paid Partnerships
1:26:13

Bitcoin Core OP RETURN and spam explained by a Core Dev with Antoine Poinsot | SLP661 Seeing as people want to discuss Bitcoin spam, Antoine Poinsot and I discuss Bitcoin's OP_RETURN in depth - covering spam filtering, consensus rules, miner centralization, the future of spam concerns & more. (00:00) - Intro (01:42) - Understanding Consensus & Relay policies in Bitcoin (05:21) - Historical context of standardness Rules in Bitcoin Core (11:05) - Are Bitcoin Core proponents being paid to ‘break’ Bitcoin? (13:42) - Differentiating b/w OP_RETURN PR & the general spam filtering debate (22:46) - Is Bitcoin Money or a Data Storage protocol? How do most Core devs view it? (25:36) - Why not raise the OP_RETURN limit to ~150 bytes? (29:02) - How urgent is it to fix the issue? (31:56) - Why not let the node runners choose what they want to relay? (39:03) - Do filters work or do they not? (43:27) - Are concerns about UTXO bloat, miner centralisation, block propagation etc. being overplayed by Core devs? (50:30) - Will miners who mine spam be penalised if node runners run knots? (1:00:28) - Is Bitcoin Core serious about stopping UTXO bloat? (1:07:00) - Why did Core not try to stop bare multisig spam? (1:08:58) - Should Bitcoin devs be playing a whackamole game with spammers? (1:18:24) - Summary & Future of OP_RETURN and spam concerns Includes Paid Partnerships

Stephan Livera

28,305 views • 1 year 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
2:28:48

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 Livera

27,764 views • 10 months ago

BITCOIN RAILS #71: Expecting Hardforks | with Drivechains author Paul Sztorc 🔗 YouTube: 🌿 Spotify: Paul Sztorc founder and CEO of LayerTwo Labs and author of Bitcoin Improvement Proposals 300 and 301 (Drivechains), has been one of Bitcoin's most persistent—and controversial—thinkers, advocating for merge-mined sidechains as a way to dramatically expand Bitcoin's functionality while preserving the security of the base layer. Following our previous episode introducing his proposed Bitcoin hard fork, eCash, we discuss how the project has evolved in recent months, what to expect when the fork launches on mainnet, and Paul's perspectives on today's Layer 2 landscape and the soon-to-activate BIP 110 soft fork. An entertaining, popcorn-style conversation with one of Bitcoin's most unconventional thinkers, this episode offers diverse—and at times irreverent—commentary on some of the most important technical debates shaping Bitcoin's future. This episode of Bitcoin Rails is brought to you by: LayerTwo Labs LayerTwo Labs — developing research, software, and technologies for scaling Bitcoin via the integration of Drivechains (BIP 300/301) Hashi on Sui — a primitive for executing Bitcoin DeFi transactions, without having to trust a federated bridge or other centralized entity BitBox BitBox — an open-source Bitcoin-only hardware wallet, with smooth UX and no compromises on security. Check out Bitbox [dot] swiss and use code BITCOINRAILS to get a discount TIMESTAMPS: 00:00 — Intro 00:16 — The Coldcard exploit 09:37 — Can Bitcoin still soft fork? 15:30 — Paul's hard fork 26:12 — BIP 110's fork and the ghost of SegWit 42:03 — How drivechains work and eCash 53:00 — Quantum resistance and OP_CAT 1:01:44 — Launching a drivechain and the OP_RETURN debate 1:08:57 — The BIP 110 endgame: Udi trolling, hashrate, and Ocean 1:13:54 — Why Stratum V2 is a bad idea 1:20:33 — The decline of maximalism and the road ahead
1:32:08

BITCOIN RAILS #71: Expecting Hardforks | with Drivechains author Paul Sztorc 🔗 YouTube: 🌿 Spotify: Paul Sztorc founder and CEO of LayerTwo Labs and author of Bitcoin Improvement Proposals 300 and 301 (Drivechains), has been one of Bitcoin's most persistent—and controversial—thinkers, advocating for merge-mined sidechains as a way to dramatically expand Bitcoin's functionality while preserving the security of the base layer. Following our previous episode introducing his proposed Bitcoin hard fork, eCash, we discuss how the project has evolved in recent months, what to expect when the fork launches on mainnet, and Paul's perspectives on today's Layer 2 landscape and the soon-to-activate BIP 110 soft fork. An entertaining, popcorn-style conversation with one of Bitcoin's most unconventional thinkers, this episode offers diverse—and at times irreverent—commentary on some of the most important technical debates shaping Bitcoin's future. This episode of Bitcoin Rails is brought to you by: LayerTwo Labs LayerTwo Labs — developing research, software, and technologies for scaling Bitcoin via the integration of Drivechains (BIP 300/301) Hashi on Sui — a primitive for executing Bitcoin DeFi transactions, without having to trust a federated bridge or other centralized entity BitBox BitBox — an open-source Bitcoin-only hardware wallet, with smooth UX and no compromises on security. Check out Bitbox [dot] swiss and use code BITCOINRAILS to get a discount TIMESTAMPS: 00:00 — Intro 00:16 — The Coldcard exploit 09:37 — Can Bitcoin still soft fork? 15:30 — Paul's hard fork 26:12 — BIP 110's fork and the ghost of SegWit 42:03 — How drivechains work and eCash 53:00 — Quantum resistance and OP_CAT 1:01:44 — Launching a drivechain and the OP_RETURN debate 1:08:57 — The BIP 110 endgame: Udi trolling, hashrate, and Ocean 1:13:54 — Why Stratum V2 is a bad idea 1:20:33 — The decline of maximalism and the road ahead

Isabel Foxen Duke⚡️

18,884 views • 1 month ago

BITCOIN RAILS #43: A HISTORY OF “SPAM” on BITCOIN | with Peter Todd 🔗 YOUTUBE: 🌿 SPOTIFY: “You cannot prevent arbitrary data from being published in Bitcoin transactions. Even at the consensus level…It’s mathematically impossible.” Legendary Bitcoin contributor since 2009 and self-described "weirdo with a fine arts degree," Peter Todd joins me to unpack the endless wars over Bitcoin's "true purpose," his pioneering work putting "spam" on the blockchain, and why he believes attempts to filter transactions are just “silly.” In this episode, we get deep into the history of using Bitcoin for data storage - which goes back, at least, to the development of Namecoin in 2011. Relatedly, we cover the history and long-fought governance battles around OP_RETURN, relay policy, and our community's evolving definitions of "arbitrary data. Suffice it to say, the Filter Wars of 2024/25 are not new... they are simply one battle in a decade+ war we unpack in detail in this context-rich episode of Bitcoin Rails. In more detail, this episode covers: - The development of Open Time Stamps + Bitcoin's use in validating election data and beyond. - OPRETURN battles of the early days... and how its use has evolved over the past decade. - Why Bitcoin Core "should not try to censor transactions" and the "performance art project" (Libre Relay) that shows why. - Bitcoin as a "replicated database" and why blockchains may legitimately be useful outside of sound money. - Why preventing arbitrary data on Bitcoin is "mathematically impossible" ...and trying to stop it is only distracting us from "more important" efforts, like the Great Consensus Cleanup Antoine Poinsot. This episode of Bitcoin Rails is powered by: - Best In Slot (Best in Slot | BRC2.0 🧑‍🍳) — the leading API for Ordinals and BRC-20 data aggregation and indexing. - Spark (Lightspark) — a statechains implementation advancing Bitcoin-powered payments. - Citrea (Citrea | Mainnet Live 🍊🍋) — the leading Bitcoin rollup technology and BitVM alliance contributor. Timestamps: 00:00 Intro 01:19 Bitcoin Early Days 03:44 OpenTimestamps Project 12:22 Governance and Bitcoin Protocol Debates 26:36 The Blockchain Use Case Argument 35:46 Transaction Version Numbers and Standardization 38:30 Preventing Exploits and DDoS Attacks 40:10 Relay Policies and Economic Decisions 42:00 The Taproot Annex and OP_RETURN 45:07 Libre Relay 01:01:18 Future of Bitcoin and Soft Fork Proposals
1:13:14

BITCOIN RAILS #43: A HISTORY OF “SPAM” on BITCOIN | with Peter Todd 🔗 YOUTUBE: 🌿 SPOTIFY: “You cannot prevent arbitrary data from being published in Bitcoin transactions. Even at the consensus level…It’s mathematically impossible.” Legendary Bitcoin contributor since 2009 and self-described "weirdo with a fine arts degree," Peter Todd joins me to unpack the endless wars over Bitcoin's "true purpose," his pioneering work putting "spam" on the blockchain, and why he believes attempts to filter transactions are just “silly.” In this episode, we get deep into the history of using Bitcoin for data storage - which goes back, at least, to the development of Namecoin in 2011. Relatedly, we cover the history and long-fought governance battles around OP_RETURN, relay policy, and our community's evolving definitions of "arbitrary data. Suffice it to say, the Filter Wars of 2024/25 are not new... they are simply one battle in a decade+ war we unpack in detail in this context-rich episode of Bitcoin Rails. In more detail, this episode covers: - The development of Open Time Stamps + Bitcoin's use in validating election data and beyond. - OPRETURN battles of the early days... and how its use has evolved over the past decade. - Why Bitcoin Core "should not try to censor transactions" and the "performance art project" (Libre Relay) that shows why. - Bitcoin as a "replicated database" and why blockchains may legitimately be useful outside of sound money. - Why preventing arbitrary data on Bitcoin is "mathematically impossible" ...and trying to stop it is only distracting us from "more important" efforts, like the Great Consensus Cleanup Antoine Poinsot. This episode of Bitcoin Rails is powered by: - Best In Slot (Best in Slot | BRC2.0 🧑‍🍳) — the leading API for Ordinals and BRC-20 data aggregation and indexing. - Spark (Lightspark) — a statechains implementation advancing Bitcoin-powered payments. - Citrea (Citrea | Mainnet Live 🍊🍋) — the leading Bitcoin rollup technology and BitVM alliance contributor. Timestamps: 00:00 Intro 01:19 Bitcoin Early Days 03:44 OpenTimestamps Project 12:22 Governance and Bitcoin Protocol Debates 26:36 The Blockchain Use Case Argument 35:46 Transaction Version Numbers and Standardization 38:30 Preventing Exploits and DDoS Attacks 40:10 Relay Policies and Economic Decisions 42:00 The Taproot Annex and OP_RETURN 45:07 Libre Relay 01:01:18 Future of Bitcoin and Soft Fork Proposals

Isabel Foxen Duke⚡️

10,768 views • 9 months ago

🎙️Is Bitcoin Compromised? Ep. 156 with Luke de Wolf * This episode was recorded in May 2026, before the BIP110 activation Luke de Wolf, industrial cybersecurity expert and author of “Defending Bitcoin”, applies critical infrastructure security frameworks to Bitcoin itself. We dig into the network's real risks and vulnerabilities: arbitrary data, Bitcoin Core's governance structure, and the Core vs. Knots split. Luke’s argument: Bitcoin has weathered this so far, but complacency is the one risk it can't afford. → Please like, comment, share & subscribe, to help me beat the suppressing algo's. Thank you! 00:00 - Coming Up... 01:14 - Introduction: Luke de Wolf 06:23 - Critical Infrastructure & Payment Infrastructure 10:29 - Ad-Break: Expat Money & Ledn 12:51 - Cybersecurity as a Framework for Digital Risk 15:51 - The Structure of Luke's Book "Defending Bitcoin" 17:18 - How Do We Keep Bitcoin Secure? 18:48 - Threats to the Network: Nodes, Miners, Developers 19:51 - Mining Centralization Risk & Examples 25:05 - The Case For Remote and Solo Mining and Hashing 27:41 - The ASIC Supply Chain and Security Risks 31:18 - Devs: Bitcoin Core Governance Structure & Risks 33:06 - Arbitrary Data - Context & History 36:28 - Spam, Proof of Work and Bitcoin's Availability 39:18 - Taproot's Vulnerabilities Making Bitcoin Less Usable As Money 46:40 - Core v30, OP_RETURN and Migration to Knots 47:58 - Rough Consensus and the Five Maintainers 50:24 - Ad-Break: Trezor & Abundant Mines 52:16 - The Brink Pipeline and Nominating Your Own Successor 54:46 - Participation in the Protocol and Why Adoption Matters 01:00:18 - Why Luke Wrote This Book
1:05:00

🎙️Is Bitcoin Compromised? Ep. 156 with Luke de Wolf * This episode was recorded in May 2026, before the BIP110 activation Luke de Wolf, industrial cybersecurity expert and author of “Defending Bitcoin”, applies critical infrastructure security frameworks to Bitcoin itself. We dig into the network's real risks and vulnerabilities: arbitrary data, Bitcoin Core's governance structure, and the Core vs. Knots split. Luke’s argument: Bitcoin has weathered this so far, but complacency is the one risk it can't afford. → Please like, comment, share & subscribe, to help me beat the suppressing algo's. Thank you! 00:00 - Coming Up... 01:14 - Introduction: Luke de Wolf 06:23 - Critical Infrastructure & Payment Infrastructure 10:29 - Ad-Break: Expat Money & Ledn 12:51 - Cybersecurity as a Framework for Digital Risk 15:51 - The Structure of Luke's Book "Defending Bitcoin" 17:18 - How Do We Keep Bitcoin Secure? 18:48 - Threats to the Network: Nodes, Miners, Developers 19:51 - Mining Centralization Risk & Examples 25:05 - The Case For Remote and Solo Mining and Hashing 27:41 - The ASIC Supply Chain and Security Risks 31:18 - Devs: Bitcoin Core Governance Structure & Risks 33:06 - Arbitrary Data - Context & History 36:28 - Spam, Proof of Work and Bitcoin's Availability 39:18 - Taproot's Vulnerabilities Making Bitcoin Less Usable As Money 46:40 - Core v30, OP_RETURN and Migration to Knots 47:58 - Rough Consensus and the Five Maintainers 50:24 - Ad-Break: Trezor & Abundant Mines 52:16 - The Brink Pipeline and Nominating Your Own Successor 54:46 - Participation in the Protocol and Why Adoption Matters 01:00:18 - Why Luke Wrote This Book

Efrat Fenigson

20,589 views • 1 month ago

BITCOIN RAILS #50: HISTORY OF SEGWIT & TAPROOT | with Pieter Wuille 🔗 YOUTUBE: A primary maintainer of Bitcoin Core from 2011-2022, Pieter Wuille is arguably the most influential developer in Bitcoin’s history since Satoshi himself. After receiving keys to the Bitcoin codebase from Gavin Andresen, who was tasked with maintaining the codebase by Satoshi Nakamoto, Pieter went on to implement some of Bitcoin’s most dramatic and influential upgrades, including but not limited to: - Implementation of Bitcoin’s Taproot and Segwit upgrades - Implementation of libsecp256k + Bitcoin’s unique encoding structure for the cryptography securing all Bitcoin public/private keys - The first import/export feature for Bitcoin private keys into Bitcoin (now Bitcoin Core) - Development of hierarchical deterministic (HD) wallets, enabling backups via a single seedphrase and paving the way for seedphrases themselves - DER signatures, Miniscript, and so much more A truly special episode of Bitcoin Rails, this is a rare long-form interview with one of the most important historical figures in the arc of Bitcoin’s development. Pieter and I walk through how Bitcoin consensus works in practice, the history of Bitcoin's most critical early developments, and the key role of his good friend, Greg Maxwell, nearly every step of the way. This episode of Bitcoin Rails is powered by: — Best In Slot (Best in Slot | BRC2.0 🧑‍🍳) - the leading API for Ordinals and BRC-20 data aggregation and indexing. — Spark (Lightspark) - a statechains implementation advancing Bitcoin-powered payments. — Citrea (Citrea | Mainnet Live 🍊🍋) - a leading Bitcoin rollup technology and BitVM alliance contributor. TIMESTAMPS: 00:00 Intro 00:42 Early Days in Bitcoin 01:25 First Contributions to Bitcoin Core 04:38 Challenges and Innovations in Bitcoin Development 06:54 The Hal Finney Challenge 12:16 Bitcoin Core Contributors Back Then 14:18 The Creation of HD Wallets and Seed Phrases 17:47 Greg Maxwell Role and Relationship 21:00 Implementing Libsecp256k1 28:39 Why Did Satoshi Choose ECDSA 33:34 Addressing OpenSSL Issues 40:41 Why Pieter Wrote BIP 66 47:54 BIP 103 Proposal and Initial Reactions 49:57 SegWit Development and Implementation 01:05:39 Taproot's History, Details, and Benefits 01:11:09 Why Taproot Has No Hashed Addresses 01:16:55 Pieter's Thoughts on BitVM and other non-softfork dependent scaling solutions cc Robin Linus 🥖 01:18:27 Non-Soft Fork Scaling Solutions 01:23:03 Future Consensus Changes and Challenges 01:25:28 Bitcoin's Miner Centralization and Security Concerns (e.g. MEV) cc Matt Corallo 🟠 01:34:48 Miniscript: Simplifying Bitcoin Script? cc Rob Hamilton
1:40:30

BITCOIN RAILS #50: HISTORY OF SEGWIT & TAPROOT | with Pieter Wuille 🔗 YOUTUBE: A primary maintainer of Bitcoin Core from 2011-2022, Pieter Wuille is arguably the most influential developer in Bitcoin’s history since Satoshi himself. After receiving keys to the Bitcoin codebase from Gavin Andresen, who was tasked with maintaining the codebase by Satoshi Nakamoto, Pieter went on to implement some of Bitcoin’s most dramatic and influential upgrades, including but not limited to: - Implementation of Bitcoin’s Taproot and Segwit upgrades - Implementation of libsecp256k + Bitcoin’s unique encoding structure for the cryptography securing all Bitcoin public/private keys - The first import/export feature for Bitcoin private keys into Bitcoin (now Bitcoin Core) - Development of hierarchical deterministic (HD) wallets, enabling backups via a single seedphrase and paving the way for seedphrases themselves - DER signatures, Miniscript, and so much more A truly special episode of Bitcoin Rails, this is a rare long-form interview with one of the most important historical figures in the arc of Bitcoin’s development. Pieter and I walk through how Bitcoin consensus works in practice, the history of Bitcoin's most critical early developments, and the key role of his good friend, Greg Maxwell, nearly every step of the way. This episode of Bitcoin Rails is powered by: — Best In Slot (Best in Slot | BRC2.0 🧑‍🍳) - the leading API for Ordinals and BRC-20 data aggregation and indexing. — Spark (Lightspark) - a statechains implementation advancing Bitcoin-powered payments. — Citrea (Citrea | Mainnet Live 🍊🍋) - a leading Bitcoin rollup technology and BitVM alliance contributor. TIMESTAMPS: 00:00 Intro 00:42 Early Days in Bitcoin 01:25 First Contributions to Bitcoin Core 04:38 Challenges and Innovations in Bitcoin Development 06:54 The Hal Finney Challenge 12:16 Bitcoin Core Contributors Back Then 14:18 The Creation of HD Wallets and Seed Phrases 17:47 Greg Maxwell Role and Relationship 21:00 Implementing Libsecp256k1 28:39 Why Did Satoshi Choose ECDSA 33:34 Addressing OpenSSL Issues 40:41 Why Pieter Wrote BIP 66 47:54 BIP 103 Proposal and Initial Reactions 49:57 SegWit Development and Implementation 01:05:39 Taproot's History, Details, and Benefits 01:11:09 Why Taproot Has No Hashed Addresses 01:16:55 Pieter's Thoughts on BitVM and other non-softfork dependent scaling solutions cc Robin Linus 🥖 01:18:27 Non-Soft Fork Scaling Solutions 01:23:03 Future Consensus Changes and Challenges 01:25:28 Bitcoin's Miner Centralization and Security Concerns (e.g. MEV) cc Matt Corallo 🟠 01:34:48 Miniscript: Simplifying Bitcoin Script? cc Rob Hamilton

Isabel Foxen Duke⚡️

43,894 views • 7 months ago

🔁 REPOST, recorded June 2024. Everything Luke Dashjr warned about is happening right now. Luke Dashjr - Is Bitcoin In A Civil War? Three or four entities decide what goes into every Bitcoin block. Most "miners" don't even know what they're mining. And if too few of us run nodes, Bitcoin quietly becomes a CBDC. The Bitcoin Core developer who caught the accidental 2013 hard fork before it broke the network came on to explain why mining is dangerously centralized, why the spam wave is a coordinated attack, and why he built a pool to fight back. Luke Dashjr, Bitcoin Core developer with 200+ contributions and maintainer of the BIPs, founder and CTO of Ocean, and the man who detected and helped stop the 2013 chain split, joins me to lay out the fight over Bitcoin's future in plain English: the difference between a real miner and a "hasher" who just sells compute, how three or four pools (really Bitmain) control what goes in every block, the invisible tax hiding inside FPPS, why he calls the spam wave a funded attack to destroy Bitcoin, why Bitcoin becomes a CBDC if too few of us run our own nodes, whether we are already in a civil war, and how Ocean is trying to hand block construction back to miners. Send this to anyone who thinks Bitcoin mining is decentralized. TIMESTAMPS: 00:00 Intro 01:50 Who is Luke Dashjr 04:09 The rabbit hole: his first patch in 2011 06:06 When Bitcoin became essential (there's no plan B) 10:09 Eligius: the first non-custodial mining pool 12:13 Why he started Ocean 13:50 The real consequences of pool centralization 16:34 Hasher vs miner: who actually mines? 18:36 How FPPS pays you, and what it hides 20:05 Why big pools become proxies for Bitmain 22:35 The launch, and why "censorship" became the word 24:49 What Bitcoin is actually built for 26:40 How to define spam 33:06 "The people behind the spam are out to destroy Bitcoin" 34:47 How the attack gets funded by gamifying it 37:13 Is this an existential threat? 38:48 Run a node, or Bitcoin becomes a CBDC 40:09 Bootstrapping a mining pool from zero 45:40 What non-miners can actually do to help 46:31 Should Bitcoin ossify, or keep upgrading? 49:24 How censorship-resistant is Bitcoin today? 50:00 Is Bitcoin already in a civil war? 51:10 Would the good guys still win a block size war today? 55:53 Ocean's roadmap: decentralizing block construction 1:00:07 How Ocean got its name (Jack Dorsey's nudge) 1:01:53 Do we have a problem in Bitcoin culture? 1:03:22 What Bitcoin means to Luke 1:07:11 The clause: Ocean can do no harm to Bitcoin 1:08:10 Where to find Luke + OCEAN 🎧 Then watch the sequel with Hardfork Kratter, The The Bitcoin Matrix Podcast ⚡️ #279: "Bitcoin Core Has Gone Rogue." 🎧
1:10:09

🔁 REPOST, recorded June 2024. Everything Luke Dashjr warned about is happening right now. Luke Dashjr - Is Bitcoin In A Civil War? Three or four entities decide what goes into every Bitcoin block. Most "miners" don't even know what they're mining. And if too few of us run nodes, Bitcoin quietly becomes a CBDC. The Bitcoin Core developer who caught the accidental 2013 hard fork before it broke the network came on to explain why mining is dangerously centralized, why the spam wave is a coordinated attack, and why he built a pool to fight back. Luke Dashjr, Bitcoin Core developer with 200+ contributions and maintainer of the BIPs, founder and CTO of Ocean, and the man who detected and helped stop the 2013 chain split, joins me to lay out the fight over Bitcoin's future in plain English: the difference between a real miner and a "hasher" who just sells compute, how three or four pools (really Bitmain) control what goes in every block, the invisible tax hiding inside FPPS, why he calls the spam wave a funded attack to destroy Bitcoin, why Bitcoin becomes a CBDC if too few of us run our own nodes, whether we are already in a civil war, and how Ocean is trying to hand block construction back to miners. Send this to anyone who thinks Bitcoin mining is decentralized. TIMESTAMPS: 00:00 Intro 01:50 Who is Luke Dashjr 04:09 The rabbit hole: his first patch in 2011 06:06 When Bitcoin became essential (there's no plan B) 10:09 Eligius: the first non-custodial mining pool 12:13 Why he started Ocean 13:50 The real consequences of pool centralization 16:34 Hasher vs miner: who actually mines? 18:36 How FPPS pays you, and what it hides 20:05 Why big pools become proxies for Bitmain 22:35 The launch, and why "censorship" became the word 24:49 What Bitcoin is actually built for 26:40 How to define spam 33:06 "The people behind the spam are out to destroy Bitcoin" 34:47 How the attack gets funded by gamifying it 37:13 Is this an existential threat? 38:48 Run a node, or Bitcoin becomes a CBDC 40:09 Bootstrapping a mining pool from zero 45:40 What non-miners can actually do to help 46:31 Should Bitcoin ossify, or keep upgrading? 49:24 How censorship-resistant is Bitcoin today? 50:00 Is Bitcoin already in a civil war? 51:10 Would the good guys still win a block size war today? 55:53 Ocean's roadmap: decentralizing block construction 1:00:07 How Ocean got its name (Jack Dorsey's nudge) 1:01:53 Do we have a problem in Bitcoin culture? 1:03:22 What Bitcoin means to Luke 1:07:11 The clause: Ocean can do no harm to Bitcoin 1:08:10 Where to find Luke + OCEAN 🎧 Then watch the sequel with Hardfork Kratter, The The Bitcoin Matrix Podcast ⚡️ #279: "Bitcoin Core Has Gone Rogue." 🎧

Cedric Youngelman ⚡️

20,425 views • 2 months ago

BITCOIN RAILS EPISODE #18: MAKE BITCOIN QUANTUM RESISTANT | with BIP360 author Hunter Beast Hunter Beast 🕯️ Quantum computing is a complicated topic—one that incites equal amounts of fear and skepticism depending on who you talk to… especially in Bitcoin. In this episode, BIP360 author Hunter Beast wisely shares why the “truth is likely somewhere in the middle,” citing incremental advancements in quantum computing that may eventually pose a legitimate threat to some Bitcoin addresses—as well as steps we can take to protect ourselves in the short, medium and long term. The correct posture is to “be prepared, not scared,” says Hunter Beast 🕯️ Ultimately, the introduction of quantum resistant cryptography—via proposals like BIP360—will be needed for higher degrees of security. That said, individuals can mitigate personal risk substantially through proper address-use hygiene. This episode breaks down the specific challenges Bitcoin will face in the event of a quantum attack, the likelihood of an attack over time, and the steps we’ll need to take at the individual and communal level to ensure Bitcoin’s safety. This episode includes detailed discussion of: 1) How quantum computing could potentially affect Bitcoin public/private key cryptography—and technologies built on vulnerable addresses (e.g. Taproot) 2) Best practices for protecting yourself against quantum in the short and long term 3) Implications of vulnerable address types—e.g. what about Satoshi’s coins? 4) Deep Dive into BIP360 + proposed long-term solutions 5) Industry roadmaps for quantum computing + how banks and governments are preparing for “Q Day” As always, this episode can be viewed on Spotify or YouTuve—full episode in the comments or linktree in my bio. This episode is powered by Best In Slot—the leading API for Ordinals and BRC20 data aggregation and indexing. TIMESTAMPS: 00:00 Intro 02:05 What is quantum computing? 04:30 How could quantum threaten your Bitcoin wallet? 06:50 Addresses that are safe from quantum 09:13 Satoshi’s coins are in danger! 11:25 What happens if Satoshi’s coins are touched? 14:45 Do we softfork to shield Satoshi’s coins? 16:38 “Transitory inflation” for bitcoin after quantum 21:05 Why Taproot addresses are vulnerable 23:50 Do NOT reuse your Bitcoin addresses! 26:03 When will Quantum become a threat? 28:34 The long/short exposure attack; explained 31:45 Protection using private mempools 33:20 Why all the new Bitcoin L2s are in danger 37:45 Quantum is 5 to 10 years away, governments fear 40:34 Non-Bitcoin systems threatened by quantum 42:26 Centralized systems can adapt to quantum 43:50 Hunter’s BIP: Post quantum cryptography in Bitcoin 47:40 Hunter’s three new signature algorithms 53:48 Is new cryptography on Bitcoin risky? 56:33 Why not just stick to hash-based cryptography? 58:49 A 16X discount for quantum resistant addresses? 01:02:30 Creating quantum resistant multisig addresses 01:04:00 What is Frost? 01:06:50 The long process of approving a BIP 01:08:30 What developers think of Hunter’s BIP 01:10:00 Matt Corallo’s concerns with Hunter’s approach 01:11:00 Steps to implementing the BIP 360 01:17:00 Where to learn more about BIP 360 01:17:50 Who can push the button to change Bitcoin?
1:23:12

BITCOIN RAILS EPISODE #18: MAKE BITCOIN QUANTUM RESISTANT | with BIP360 author Hunter Beast Hunter Beast 🕯️ Quantum computing is a complicated topic—one that incites equal amounts of fear and skepticism depending on who you talk to… especially in Bitcoin. In this episode, BIP360 author Hunter Beast wisely shares why the “truth is likely somewhere in the middle,” citing incremental advancements in quantum computing that may eventually pose a legitimate threat to some Bitcoin addresses—as well as steps we can take to protect ourselves in the short, medium and long term. The correct posture is to “be prepared, not scared,” says Hunter Beast 🕯️ Ultimately, the introduction of quantum resistant cryptography—via proposals like BIP360—will be needed for higher degrees of security. That said, individuals can mitigate personal risk substantially through proper address-use hygiene. This episode breaks down the specific challenges Bitcoin will face in the event of a quantum attack, the likelihood of an attack over time, and the steps we’ll need to take at the individual and communal level to ensure Bitcoin’s safety. This episode includes detailed discussion of: 1) How quantum computing could potentially affect Bitcoin public/private key cryptography—and technologies built on vulnerable addresses (e.g. Taproot) 2) Best practices for protecting yourself against quantum in the short and long term 3) Implications of vulnerable address types—e.g. what about Satoshi’s coins? 4) Deep Dive into BIP360 + proposed long-term solutions 5) Industry roadmaps for quantum computing + how banks and governments are preparing for “Q Day” As always, this episode can be viewed on Spotify or YouTuve—full episode in the comments or linktree in my bio. This episode is powered by Best In Slot—the leading API for Ordinals and BRC20 data aggregation and indexing. TIMESTAMPS: 00:00 Intro 02:05 What is quantum computing? 04:30 How could quantum threaten your Bitcoin wallet? 06:50 Addresses that are safe from quantum 09:13 Satoshi’s coins are in danger! 11:25 What happens if Satoshi’s coins are touched? 14:45 Do we softfork to shield Satoshi’s coins? 16:38 “Transitory inflation” for bitcoin after quantum 21:05 Why Taproot addresses are vulnerable 23:50 Do NOT reuse your Bitcoin addresses! 26:03 When will Quantum become a threat? 28:34 The long/short exposure attack; explained 31:45 Protection using private mempools 33:20 Why all the new Bitcoin L2s are in danger 37:45 Quantum is 5 to 10 years away, governments fear 40:34 Non-Bitcoin systems threatened by quantum 42:26 Centralized systems can adapt to quantum 43:50 Hunter’s BIP: Post quantum cryptography in Bitcoin 47:40 Hunter’s three new signature algorithms 53:48 Is new cryptography on Bitcoin risky? 56:33 Why not just stick to hash-based cryptography? 58:49 A 16X discount for quantum resistant addresses? 01:02:30 Creating quantum resistant multisig addresses 01:04:00 What is Frost? 01:06:50 The long process of approving a BIP 01:08:30 What developers think of Hunter’s BIP 01:10:00 Matt Corallo’s concerns with Hunter’s approach 01:11:00 Steps to implementing the BIP 360 01:17:00 Where to learn more about BIP 360 01:17:50 Who can push the button to change Bitcoin?

Isabel Foxen Duke⚡️

31,148 views • 1 year ago

BITCOIN HOLDERS BEWARE!!!! 🚨🚨🚨 00:00 Intro - BTC still around the 200 WMA 00:13 BTC weekly chart - Quite nice CPI yet BTC still in bottoming formation. Boredom rules 01:00 Fidelity Spot ETF rising 01:27 CPI made stocks rise - SpaceX time to buy 02:30 SpaceX Elon pumping us to Valhalla - Pivoting to AI 03:00 Kardashev scale - Level up on energy usage 04:42 SPCX 1H chart - many people hae missed the flip 05:48 Bullmania AI - US Stocks pump last 24H 06:40 Shout out to Bullmania - Use the AI 07:43 Saylor Cinematography - BTC is for everyone 09:00 Another Saylor video 09:52 Saylor video - revisited 10:48 All greed - no fear. CPI eases pressure on FED to hike 11:31 Elon video - Company update. 15:48 Elon shocked the world again - Path to 300B ARR 16:53 SEC has major crypto plans coming - boring 17:29 Do 360 investing - Stocks is where the action is at for now 18:25 Fidelity staking ETH 18:56 Goldman Sachs leaps into BTC 19:12 Bitwise CIO video - BTC has bottomed 22:16 Pay attention - accumulation time. Exiting the bear 22:40 Q and A 22:58 AI - CPI exhale trading 23:40 Q1: BIP-110 is closed. Hard fork coming? 25:35 Q2: SOL near halt news? 28:58 Q3: Why do degens go to SOL? 30:53 Q4: Cardano tech is so good you can do anything with it? 34:30 Q5: Nearly all protocols have died on Cardano? 35:12 Q6: ADA did IOG projects in Africa? 36:33 AI answer - DeFi troubles on ADA in the past with eUTXO 37:30 ADA and Pulsechain roast 38:53 Crazy idea - Adding ADA and XRP to the morning prompt 40:45 Adding Robinhood chain 41:08 Asking AI - Robinhood chain and XRP 46:00 Why Robinhood Chain is not good for ETH 47:24 Q7: Is XMR private and confidential? 48:19 Q8: Will alt season start with meme season? 51:02 AI answer - XMR privacy 53:00 About dandylions 55:50 Shout out to Bullmania 56:25 Outro
56:39

BITCOIN HOLDERS BEWARE!!!! 🚨🚨🚨 00:00 Intro - BTC still around the 200 WMA 00:13 BTC weekly chart - Quite nice CPI yet BTC still in bottoming formation. Boredom rules 01:00 Fidelity Spot ETF rising 01:27 CPI made stocks rise - SpaceX time to buy 02:30 SpaceX Elon pumping us to Valhalla - Pivoting to AI 03:00 Kardashev scale - Level up on energy usage 04:42 SPCX 1H chart - many people hae missed the flip 05:48 Bullmania AI - US Stocks pump last 24H 06:40 Shout out to Bullmania - Use the AI 07:43 Saylor Cinematography - BTC is for everyone 09:00 Another Saylor video 09:52 Saylor video - revisited 10:48 All greed - no fear. CPI eases pressure on FED to hike 11:31 Elon video - Company update. 15:48 Elon shocked the world again - Path to 300B ARR 16:53 SEC has major crypto plans coming - boring 17:29 Do 360 investing - Stocks is where the action is at for now 18:25 Fidelity staking ETH 18:56 Goldman Sachs leaps into BTC 19:12 Bitwise CIO video - BTC has bottomed 22:16 Pay attention - accumulation time. Exiting the bear 22:40 Q and A 22:58 AI - CPI exhale trading 23:40 Q1: BIP-110 is closed. Hard fork coming? 25:35 Q2: SOL near halt news? 28:58 Q3: Why do degens go to SOL? 30:53 Q4: Cardano tech is so good you can do anything with it? 34:30 Q5: Nearly all protocols have died on Cardano? 35:12 Q6: ADA did IOG projects in Africa? 36:33 AI answer - DeFi troubles on ADA in the past with eUTXO 37:30 ADA and Pulsechain roast 38:53 Crazy idea - Adding ADA and XRP to the morning prompt 40:45 Adding Robinhood chain 41:08 Asking AI - Robinhood chain and XRP 46:00 Why Robinhood Chain is not good for ETH 47:24 Q7: Is XMR private and confidential? 48:19 Q8: Will alt season start with meme season? 51:02 AI answer - XMR privacy 53:00 About dandylions 55:50 Shout out to Bullmania 56:25 Outro

Ivan on Tech 🍳📈💰 Head Trader @ Bullmania

23,446 views • 1 month ago

E156: Matt Hougan from – $6.5M Bitcoin and the strongest Solana setup ever? This might be the most bullish yet rational episode we’ve done on the future of crypto: why debasement, institutional flows & tokenization are just getting started. Timestamps: 0:00 Introduction 2:01 Matt’s Last Episode Popped Off 3:59 At Least 10x Left On The Crypto Marketplace? 4:36 Why Is Bitcoin Still Early 5:43 Who Are You 6:22 Two Ways To Win Framework With Bitcoin Explained 8:32 Where Does This 10x For Gold Come From 11:09 Partnerships: Jupiter KAST 11:45 Why Is A Higher Price In Gold Bullish For Bitcoin 12:49 Matt’s Portfolio Regarding Gold, Bitcoin, & Crypto 13:56 How Does 1 Bitcoin Reach $6.5 Million In 20 Years 15:03 How Could This Thesis Be Wrong 20:09 Why Hold Gold If Bitcoin Outperforms Massively 20:27 Wise & Boring vs Unwise & Exciting 21:40 Two Bets On Solana Explained 25:11 Confusion With Crypto Investing Explained 26:30 Why Matt Is Bullish On Solana Especially When Considering Other Blockchains 28:32 Why Institutional Investors Love Solana’s ETFs 30:00 Does Solana Have The Best Setup 30:31 How Big Could Solana Get In 10 Years 31:20 Partnerships: Paradex Zashi is now Zodl Mantle 33:19 Does This Same Bullishness Apply Across Gold & Bitcoin 34:34 Which Asset Could Be The Next Bitcoin Or Solana 35:35 Why It’s Important To Push For Institutional Adoption With Bitcoin 37:13 Is Your View Still Holding Bitcoin, Bitcoin, Bitcoin? 38:27 What’s The Deal With Ethereum 39:18 Underestimating Sovereigns Buying Bitcoin In Size In 2026, Why This Matters 40:58 Why Is The Speed Of Tokenization & Stable Coin Growth Important 42:14 Partnerships: Trezor Sui 43:06 Debasement Of The Current Fiat System Explained 45:44 Dollar Devaluation In The Last 5 Years 46:16 Debasement Trading Will Be More Popular In 2026 48:00 How Do I Get Rich With Crypto In 2026 49:14 Alpha & Long Term Trends Build Wealth In Crypto 55:23 One Thing To Remember From Conversation
57:30

E156: Matt Hougan from – $6.5M Bitcoin and the strongest Solana setup ever? This might be the most bullish yet rational episode we’ve done on the future of crypto: why debasement, institutional flows & tokenization are just getting started. Timestamps: 0:00 Introduction 2:01 Matt’s Last Episode Popped Off 3:59 At Least 10x Left On The Crypto Marketplace? 4:36 Why Is Bitcoin Still Early 5:43 Who Are You 6:22 Two Ways To Win Framework With Bitcoin Explained 8:32 Where Does This 10x For Gold Come From 11:09 Partnerships: Jupiter KAST 11:45 Why Is A Higher Price In Gold Bullish For Bitcoin 12:49 Matt’s Portfolio Regarding Gold, Bitcoin, & Crypto 13:56 How Does 1 Bitcoin Reach $6.5 Million In 20 Years 15:03 How Could This Thesis Be Wrong 20:09 Why Hold Gold If Bitcoin Outperforms Massively 20:27 Wise & Boring vs Unwise & Exciting 21:40 Two Bets On Solana Explained 25:11 Confusion With Crypto Investing Explained 26:30 Why Matt Is Bullish On Solana Especially When Considering Other Blockchains 28:32 Why Institutional Investors Love Solana’s ETFs 30:00 Does Solana Have The Best Setup 30:31 How Big Could Solana Get In 10 Years 31:20 Partnerships: Paradex Zashi is now Zodl Mantle 33:19 Does This Same Bullishness Apply Across Gold & Bitcoin 34:34 Which Asset Could Be The Next Bitcoin Or Solana 35:35 Why It’s Important To Push For Institutional Adoption With Bitcoin 37:13 Is Your View Still Holding Bitcoin, Bitcoin, Bitcoin? 38:27 What’s The Deal With Ethereum 39:18 Underestimating Sovereigns Buying Bitcoin In Size In 2026, Why This Matters 40:58 Why Is The Speed Of Tokenization & Stable Coin Growth Important 42:14 Partnerships: Trezor Sui 43:06 Debasement Of The Current Fiat System Explained 45:44 Dollar Devaluation In The Last 5 Years 46:16 Debasement Trading Will Be More Popular In 2026 48:00 How Do I Get Rich With Crypto In 2026 49:14 Alpha & Long Term Trends Build Wealth In Crypto 55:23 One Thing To Remember From Conversation

MR SHIFT 🦁

48,555 views • 7 months ago

Failing to Understand the Exponential, Again? My conversation with Julian Schrittwieser - Julian Schrittwieser (Anthropic, AlphaGo Zero, MuZero) - on Move 37, Scaling RL, Nobel Prize for AI, and the AI frontier: 00:00 - Cold open: “We’re not seeing any slowdown.” 00:32 - Intro — Meet Julian 01:09 - The “exponential” from inside frontier labs 04:46 - 2026–2027: agents that work a full day; expert-level breadth 08:58 - Benchmarks vs reality: long-horizon work, GDP-Val, user value 10:26 - Move 37 — what actually happened and why it mattered 13:55 - Novel science: AlphaCode/AlphaTensor → when does AI earn a Nobel? 16:25 - Discontinuity vs smooth progress (and warning signs) 19:08 - Does pre-training + RL get us there? (AGI debates aside) 20:55 - Sutton’s “RL from scratch”? Julian’s take 23:03 - Julian’s path: Google → DeepMind → Anthropic 26:45 - AlphaGo (learn + search) in plain English 30:16 - AlphaGo Zero (no human data) 31:00 - AlphaZero (one algorithm: Go, chess, shogi) 31:46 - MuZero (planning with a learned world model) 33:23 -Lessons for today’s agents: search + learning at scale 34:57 - Do LLMs already have implicit world models? 39:02 - Why RL on LLMs took time (stability, feedback loops) 41:43 - Compute & scaling for RL — what we see so far 42:35 - Rewards frontier: human prefs, rubrics, RLVR, process rewards 44:36 - RL training data & the “flywheel” (and why quality matters) 48:02 - RL & Agents 101 — why RL unlocks robustness 50:51 - Should builders use RL-as-a-service? Or just tools + prompts? 52:18 - What’s missing for dependable agents (capability vs engineering) 53:51 - Evals & Goodhart — internal vs external benchmarks 57:35 - Mechanistic interpretability & “Golden Gate Claude” 1:00:03 - Safety & alignment at Anthropic — how it shows up in practice 1:03:48 - Jobs: human–AI complementarity (comparative advantage) 1:06:33 - Inequality, policy, and the case for 10× productivity → abundance 1:09:24 - Closing thoughts
1:09:56

Failing to Understand the Exponential, Again? My conversation with Julian Schrittwieser - Julian Schrittwieser (Anthropic, AlphaGo Zero, MuZero) - on Move 37, Scaling RL, Nobel Prize for AI, and the AI frontier: 00:00 - Cold open: “We’re not seeing any slowdown.” 00:32 - Intro — Meet Julian 01:09 - The “exponential” from inside frontier labs 04:46 - 2026–2027: agents that work a full day; expert-level breadth 08:58 - Benchmarks vs reality: long-horizon work, GDP-Val, user value 10:26 - Move 37 — what actually happened and why it mattered 13:55 - Novel science: AlphaCode/AlphaTensor → when does AI earn a Nobel? 16:25 - Discontinuity vs smooth progress (and warning signs) 19:08 - Does pre-training + RL get us there? (AGI debates aside) 20:55 - Sutton’s “RL from scratch”? Julian’s take 23:03 - Julian’s path: Google → DeepMind → Anthropic 26:45 - AlphaGo (learn + search) in plain English 30:16 - AlphaGo Zero (no human data) 31:00 - AlphaZero (one algorithm: Go, chess, shogi) 31:46 - MuZero (planning with a learned world model) 33:23 -Lessons for today’s agents: search + learning at scale 34:57 - Do LLMs already have implicit world models? 39:02 - Why RL on LLMs took time (stability, feedback loops) 41:43 - Compute & scaling for RL — what we see so far 42:35 - Rewards frontier: human prefs, rubrics, RLVR, process rewards 44:36 - RL training data & the “flywheel” (and why quality matters) 48:02 - RL & Agents 101 — why RL unlocks robustness 50:51 - Should builders use RL-as-a-service? Or just tools + prompts? 52:18 - What’s missing for dependable agents (capability vs engineering) 53:51 - Evals & Goodhart — internal vs external benchmarks 57:35 - Mechanistic interpretability & “Golden Gate Claude” 1:00:03 - Safety & alignment at Anthropic — how it shows up in practice 1:03:48 - Jobs: human–AI complementarity (comparative advantage) 1:06:33 - Inequality, policy, and the case for 10× productivity → abundance 1:09:24 - Closing thoughts

Matt Turck

235,526 views • 11 months ago

E114: Walrus 🦭/acc : Decentralizing Data Storage, the perfect complement to the SUI Network George Danezis is the Chief Scientist at MystenLabs.sui , co-creator of the Sui , and one the minds behind Walrus 🦭/acc Timestamps 0:00 Intro 2:00 Partnerships: Jupiter, Bitwise, SUI & Mantle 2:46 Sleeping Habits 4:05 Who is George? 4:23 What is a Chief Scientist? 5:16 Research at Microsoft vs. Now 6:59 What is “Good Research”? 8:49 Corporate Innovation vs. Reality 10:31 Why I Love Teaching Security 11:52 Self Custody with Trezor 12:44 Teaching vs. Real-World Application 16:28 What Makes an Idea Great? 17:51 The Idea That Never Worked Out 19:50 Being Late to Ideas, Not Early 20:56 The Essence of Peer-to-Peer Networks 23:50 Why We Need Peer-to-Peer Systems? 27:51 Why Decentralization Was Hard to Realize 31:09 Bitcoin's Game-Changing Impact 33:10 ETH Aha Moment 34:46 Facebook’s Conviction in Blockchain 37:39 Scaling DIEM/LIBRA to Sui 39:20 Biggest Issue at Facebook 40:20 Why Facebook Bet on Crypto 41:40 Why I Left Facebook 45:07 Balancing Passion and Pay 46:43 What is a Blockchain Good For? 51:42 Understanding Blockchain’s Limitations 53:21 CryptoKitties 54:36 Meme Coins: Culture vs. Scam 57:02 The Role of Norms in Crypto 1:00:32 What is the Sui Network? 1:02:32 Why Do We Need The Sui Network? 1:03:34 Layer 1 vs. Layer 2 1:05:07 Why Build a Layer One? 1:09:21 Top Layer One Competitors 1:10:45 Decentralization vs. Practicality 1:14:06 Minimum Decentralization 1:16:33 Data Storage & Its Biggest Problem 1:20:05 What is Walrus Protocol? 1:22:09 Why Walrus is Possible Now 1:25:35 Why Sui Network for Data Storage? 1:27:37 Vision of Walrus Protocol 1:28:59 Building a Neutral Tech Future 1:30:44 Using Existing Blockchains 1:33:03 Future of Decentralized Production 1:35:51 Prediction For The Next 12 Months 1:39:04 Concluding Remarks
1:39:56

E114: Walrus 🦭/acc : Decentralizing Data Storage, the perfect complement to the SUI Network George Danezis is the Chief Scientist at MystenLabs.sui , co-creator of the Sui , and one the minds behind Walrus 🦭/acc Timestamps 0:00 Intro 2:00 Partnerships: Jupiter, Bitwise, SUI & Mantle 2:46 Sleeping Habits 4:05 Who is George? 4:23 What is a Chief Scientist? 5:16 Research at Microsoft vs. Now 6:59 What is “Good Research”? 8:49 Corporate Innovation vs. Reality 10:31 Why I Love Teaching Security 11:52 Self Custody with Trezor 12:44 Teaching vs. Real-World Application 16:28 What Makes an Idea Great? 17:51 The Idea That Never Worked Out 19:50 Being Late to Ideas, Not Early 20:56 The Essence of Peer-to-Peer Networks 23:50 Why We Need Peer-to-Peer Systems? 27:51 Why Decentralization Was Hard to Realize 31:09 Bitcoin's Game-Changing Impact 33:10 ETH Aha Moment 34:46 Facebook’s Conviction in Blockchain 37:39 Scaling DIEM/LIBRA to Sui 39:20 Biggest Issue at Facebook 40:20 Why Facebook Bet on Crypto 41:40 Why I Left Facebook 45:07 Balancing Passion and Pay 46:43 What is a Blockchain Good For? 51:42 Understanding Blockchain’s Limitations 53:21 CryptoKitties 54:36 Meme Coins: Culture vs. Scam 57:02 The Role of Norms in Crypto 1:00:32 What is the Sui Network? 1:02:32 Why Do We Need The Sui Network? 1:03:34 Layer 1 vs. Layer 2 1:05:07 Why Build a Layer One? 1:09:21 Top Layer One Competitors 1:10:45 Decentralization vs. Practicality 1:14:06 Minimum Decentralization 1:16:33 Data Storage & Its Biggest Problem 1:20:05 What is Walrus Protocol? 1:22:09 Why Walrus is Possible Now 1:25:35 Why Sui Network for Data Storage? 1:27:37 Vision of Walrus Protocol 1:28:59 Building a Neutral Tech Future 1:30:44 Using Existing Blockchains 1:33:03 Future of Decentralized Production 1:35:51 Prediction For The Next 12 Months 1:39:04 Concluding Remarks

MR SHIFT 🦁

111,082 views • 1 year ago

E181: The Wolf Of All Streets - Bitcoin and chill. That's the whole thesis Scott Melker hosts The Wolf Of All Streets and just launched the first daily crypto show on a mainstream network with Yahoo Finance. He was a DJ before he was a trader, got wrecked as a top creditor in the Voyager collapse, and rebuilt his entire approach to money around one asset. We get into why he's almost entirely Bitcoin now, what he actually tells his audience to do with their cash, and what guests say once the cameras stop rolling. Timestamps: 00:00 Intro 01:52 Why Scott dressed up for this Podcast 02:54 Where does the optimism come from? 03:41 Something that never got better? 04:43 Who are you? 07:05 Why do DJs fall down the crypto rabbit hole? 08:48 Did you actually make money trading? 09:51 When did you go beyond trading? 11:42 Sponsor: Variational , Bitwise 12:34 Is crypto still relevant in 2026? 13:33 Does crypto go higher from here? 14:38 How do I participate without building a business? 16:11 What do you buy every month? 18:50 How do you form your opinions? 20:04 What about yield? 21:01 Can you still make it in crypto without a business? 21:52 Will Bitcoin trade much higher? 23:42 Taking a media business to the next level 25:14 How did the Yahoo Finance show happen? 26:29 How to not get bored when crypto gets boring? 28:06 Sponsor: KAST 28:58 Crypto media sucks - how do we grow the pie? 30:00 Biggest lessons from interviewing the best? 31:44 What do you tell the dad who wants to trade Bitcoin? 34:17 How does the average Joe get rich in 2026? 35:37 What did you learn in 2022? 38:05 What do you buy besides Bitcoin? 39:23 Scott's most unexpected best interview? 41:25 When did a personal brand become a game changer? 43:00 The biggest myth about investing 44:12 Sponsor: Jupiter , Ethena 44:52 What's your goal with your media company? 47:17 Do you have a number in mind? 49:05 What's the risk of not owning Bitcoin? 50:38 What do you hear behind the scenes? 52:01 How do you stay motivated in a bear market? 53:32 Give us your optimism
58:08

E181: The Wolf Of All Streets - Bitcoin and chill. That's the whole thesis Scott Melker hosts The Wolf Of All Streets and just launched the first daily crypto show on a mainstream network with Yahoo Finance. He was a DJ before he was a trader, got wrecked as a top creditor in the Voyager collapse, and rebuilt his entire approach to money around one asset. We get into why he's almost entirely Bitcoin now, what he actually tells his audience to do with their cash, and what guests say once the cameras stop rolling. Timestamps: 00:00 Intro 01:52 Why Scott dressed up for this Podcast 02:54 Where does the optimism come from? 03:41 Something that never got better? 04:43 Who are you? 07:05 Why do DJs fall down the crypto rabbit hole? 08:48 Did you actually make money trading? 09:51 When did you go beyond trading? 11:42 Sponsor: Variational , Bitwise 12:34 Is crypto still relevant in 2026? 13:33 Does crypto go higher from here? 14:38 How do I participate without building a business? 16:11 What do you buy every month? 18:50 How do you form your opinions? 20:04 What about yield? 21:01 Can you still make it in crypto without a business? 21:52 Will Bitcoin trade much higher? 23:42 Taking a media business to the next level 25:14 How did the Yahoo Finance show happen? 26:29 How to not get bored when crypto gets boring? 28:06 Sponsor: KAST 28:58 Crypto media sucks - how do we grow the pie? 30:00 Biggest lessons from interviewing the best? 31:44 What do you tell the dad who wants to trade Bitcoin? 34:17 How does the average Joe get rich in 2026? 35:37 What did you learn in 2022? 38:05 What do you buy besides Bitcoin? 39:23 Scott's most unexpected best interview? 41:25 When did a personal brand become a game changer? 43:00 The biggest myth about investing 44:12 Sponsor: Jupiter , Ethena 44:52 What's your goal with your media company? 47:17 Do you have a number in mind? 49:05 What's the risk of not owning Bitcoin? 50:38 What do you hear behind the scenes? 52:01 How do you stay motivated in a bear market? 53:32 Give us your optimism

MR SHIFT 🦁

206,869 views • 1 month ago

My dear friend, Vlad Tenev, changed the landscape of investing forever! The rise of the retail investor is largely due to Robinhood's success... and in this new Journey Man, we discuss it all... Enjoy! 00:00 - Intro 00:53 - Introducing Vlad Tenev of Robinhood 01:27 - Why Take on Wall Street? 01:54 - Robinhood’s Zero-Fee Origin Story 02:53 - Inspiration from Instagram and Uber 04:24 - Reimagining Trading for Mobile 05:05 - The Challenge of Disrupting Finance 05:42 - Why Everything Is Hard 06:34 - Early Wrong Assumptions 07:42 - Raising Capital with a Small Vision 08:48 - Funding Robinhood on AngelList 09:50 - Early Investors Changed Their Lives 10:38 - The Crypto Explosion Begins 11:07 - Considering a Bitcoin Exchange First 12:17 - Bitcoin’s Early Skepticism and Growth 13:08 - Robinhood Launches Crypto in 2018 14:03 - 2020: Crypto Revenue Surges Overnight 15:04 - The Challenge of Crypto Cyclicality 16:11 - Staffing a Volatile Business 17:10 - Building Robinhood’s Lean Crypto Team 18:46 - Robinhood’s First Crypto Event Coming 19:38 - Where TradFi Meets DeFi 20:34 - Tokenizing Everything 21:09 - Robinhood’s Vision for Crypto + Finance 21:47 - Thoughts on Crypto Options Demand 23:04 - Why Crypto Options Haven’t Taken Off 24:09 - Millennials and the Speculative Economy 25:22 - Democratizing Trading for Everyone 26:08 - Why Buy-and-Hold Doesn’t Work for All 27:15 - Trading vs Investing: A Matter of Wealth 28:01 - Trading as a Skill Anyone Can Build 29:13 - Robinhood’s Role in Onboarding Millions 30:06 - The Fed's Role and Retail Insight 31:03 - The Rise of the Retail Macro Trader 32:17 - Helping Users Succeed with Robinhood Strategies 33:35 - Power of Community and the Hive Mind 34:55 - Will AI Disrupt Community Too? 36:14 - Technological Waves and Investor Opportunity 37:10 - Human Purpose in an AI World 37:52 - Tokenizing Human Connection 38:28 - Creators, Platforms, and Future-Proofing 39:26 - Vlad’s Long-Term View of the Future 40:05 - Financial Services at the Heart of Disruption 41:14 - If AI Replaces Jobs, What Happens to Investing? 42:25 - Entering the Economic Singularity 43:31 - What Happens When AIs Win the Markets? 44:16 - AI's Role in Capital and Markets 45:07 - Will AI Eliminate Human Emotion from Markets? 46:06 - HFT: The Original AI Traders 47:20 - AI and Long-Term Probabilistic Forecasting 48:48 - GPUs, Gaming, and the Origins of AI 50:01 - Nvidia, CUDA, and Wall Street Arms Races 51:04 - Flash Boys and Microwave Trading 51:54 - Will AI Costs Go to Zero? 52:52 - Lower Cost, Higher Usage 53:41 - Robinhood’s UX Won’t Be Just a Chatbox 55:16 - Cortex: AI-Powered Features at Robinhood 56:54 - Tokenization and the Future of Asset Management 57:44 - Crowdsourced, Tokenized Hedge Funds 58:48 - Portability of Tokenized Assets 59:39 - Blockchain as the New Rails of Finance 01:00:09 - The Trump Token and Capital Formation 01:01:00 - Capital Access Unlocks Innovation 01:01:49 - Why Crypto Needs Regulatory Clarity 01:03:17 - From Meme Coins to Real Assets 01:04:17 - Crypto's Path to $100 Trillion? 01:05:15 - The Financial System Will Run on Blockchains 01:06:00 - Platform Layer vs Application Layer Wealth 01:06:29 - AI Raises Money and Launches Tokens 01:07:39 - AIs Creating Software and Capital Formation 01:08:00 - Final Thoughts: A Wild Future Ahead 01:08:20 - When Will Vlad Buy a CryptoPunk? 01:08:51 - Wrapping Up: AI, Crypto, and the Road Ahead
1:09:53

My dear friend, Vlad Tenev, changed the landscape of investing forever! The rise of the retail investor is largely due to Robinhood's success... and in this new Journey Man, we discuss it all... Enjoy! 00:00 - Intro 00:53 - Introducing Vlad Tenev of Robinhood 01:27 - Why Take on Wall Street? 01:54 - Robinhood’s Zero-Fee Origin Story 02:53 - Inspiration from Instagram and Uber 04:24 - Reimagining Trading for Mobile 05:05 - The Challenge of Disrupting Finance 05:42 - Why Everything Is Hard 06:34 - Early Wrong Assumptions 07:42 - Raising Capital with a Small Vision 08:48 - Funding Robinhood on AngelList 09:50 - Early Investors Changed Their Lives 10:38 - The Crypto Explosion Begins 11:07 - Considering a Bitcoin Exchange First 12:17 - Bitcoin’s Early Skepticism and Growth 13:08 - Robinhood Launches Crypto in 2018 14:03 - 2020: Crypto Revenue Surges Overnight 15:04 - The Challenge of Crypto Cyclicality 16:11 - Staffing a Volatile Business 17:10 - Building Robinhood’s Lean Crypto Team 18:46 - Robinhood’s First Crypto Event Coming 19:38 - Where TradFi Meets DeFi 20:34 - Tokenizing Everything 21:09 - Robinhood’s Vision for Crypto + Finance 21:47 - Thoughts on Crypto Options Demand 23:04 - Why Crypto Options Haven’t Taken Off 24:09 - Millennials and the Speculative Economy 25:22 - Democratizing Trading for Everyone 26:08 - Why Buy-and-Hold Doesn’t Work for All 27:15 - Trading vs Investing: A Matter of Wealth 28:01 - Trading as a Skill Anyone Can Build 29:13 - Robinhood’s Role in Onboarding Millions 30:06 - The Fed's Role and Retail Insight 31:03 - The Rise of the Retail Macro Trader 32:17 - Helping Users Succeed with Robinhood Strategies 33:35 - Power of Community and the Hive Mind 34:55 - Will AI Disrupt Community Too? 36:14 - Technological Waves and Investor Opportunity 37:10 - Human Purpose in an AI World 37:52 - Tokenizing Human Connection 38:28 - Creators, Platforms, and Future-Proofing 39:26 - Vlad’s Long-Term View of the Future 40:05 - Financial Services at the Heart of Disruption 41:14 - If AI Replaces Jobs, What Happens to Investing? 42:25 - Entering the Economic Singularity 43:31 - What Happens When AIs Win the Markets? 44:16 - AI's Role in Capital and Markets 45:07 - Will AI Eliminate Human Emotion from Markets? 46:06 - HFT: The Original AI Traders 47:20 - AI and Long-Term Probabilistic Forecasting 48:48 - GPUs, Gaming, and the Origins of AI 50:01 - Nvidia, CUDA, and Wall Street Arms Races 51:04 - Flash Boys and Microwave Trading 51:54 - Will AI Costs Go to Zero? 52:52 - Lower Cost, Higher Usage 53:41 - Robinhood’s UX Won’t Be Just a Chatbox 55:16 - Cortex: AI-Powered Features at Robinhood 56:54 - Tokenization and the Future of Asset Management 57:44 - Crowdsourced, Tokenized Hedge Funds 58:48 - Portability of Tokenized Assets 59:39 - Blockchain as the New Rails of Finance 01:00:09 - The Trump Token and Capital Formation 01:01:00 - Capital Access Unlocks Innovation 01:01:49 - Why Crypto Needs Regulatory Clarity 01:03:17 - From Meme Coins to Real Assets 01:04:17 - Crypto's Path to $100 Trillion? 01:05:15 - The Financial System Will Run on Blockchains 01:06:00 - Platform Layer vs Application Layer Wealth 01:06:29 - AI Raises Money and Launches Tokens 01:07:39 - AIs Creating Software and Capital Formation 01:08:00 - Final Thoughts: A Wild Future Ahead 01:08:20 - When Will Vlad Buy a CryptoPunk? 01:08:51 - Wrapping Up: AI, Crypto, and the Road Ahead

Raoul Pal

172,640 views • 1 year ago