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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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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 Aufrufe • vor 1 Monat

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 Aufrufe • vor 1 Jahr

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 Aufrufe • vor 8 Monaten

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 Aufrufe • vor 8 Monaten

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⚡️

43,688 Aufrufe • vor 5 Monaten

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 Aufrufe • vor 1 Jahr

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 Aufrufe • vor 6 Monaten

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 Aufrufe • vor 9 Monaten

An interesting thought I had on my morning walk. Filters on their own are not effective to censor all spam from motivated attackers, that's true. But filters do make spam more prone to censorship at the mining pool level. Miners can get away with mining transactions that are used for illegal purposes because they have plausible deniability: they don't know what they are used for, they are "just including what's relayed" by the p2p network. But with many forms of spam, such as OP_RETURN, it is not so. They do not have plausible deniability. MARA is perfectly happy inscribing NFTs and non-standard troll OP_RETURNS via its slipstream service. Since they are legally low risk, it makes sense for them to profit from it. However, if I was to submit something really nasty like torrent links to child pornography (or child porn jpegs) or Mein Kampf (illegal in many countries) MARA could not plausibly deny that it is publishing and distributing illegal content. It’s right there in the OP_RETURN for everyone to see. Consequently they would probably not allow it. If they did, they would get in trouble. And it would be much easier for the content submitters to get caught. If nonstandard node relay software (i.e. libre relay) started being abused by pedophiles, its likely mining pools would just ban these types of higher-risk peers. Of course the pedophiles can always run their own mining pools and get a few transactions every month: bitcoin would remain censorship resistant if you are patient enough. But now, with relaxation of standardness rules and “filters” anybody can easily publish blatantly illegal content as OP_RETURNS and get it relayed to a mining pool in a more censorship-resistant way, cheaper and more effective. Good? Bad? It's possible mining pools are going to have no choice but to develop software that analyzes transaction OP_RETURN to assess what they will publish or not. They may develop content moderation policies, because the illegality of the OP_RETURN content will be blatant and they will have no plausible deniability. I'm honestly pleasantly surprised that miners haven't already done this for obviously "higher risk" transactions like coinjoin. However coinjoin transactions are not illegal per se, and there is very wide international support for financial privacy. Not so for child porn. Once miners start developing software to moderate what transactions go in the blockchain, a Pandora's box is opened: if you can easily filter transactions that have illegal data in the OP_RETURN, why are you allowing whirlpool tx0? Why are you allowing coinjoins? Why are you allowing sanctioned addresses? Ironically, the attempt at making spam transactions less prone to censorship might make economic transactions more prone to censorship. Bitcoin is censorship resistant from a network perspective because anybody can mine anonymously. This censorship resistance is compounded when large centralized mining pools and mining farms have plausible deniability that the transactions they mine aren't blatantly illegal because they are anonymous (“there is no way to know”). The more mining is centralized, the more this component of censorship resistance matters. Non-monetary content puts that aspect at risk. I'm not sure I’m right, but I don't think this idea has been widely discussed. The only thing that can prevent certain txs formats (i.e. the low hanging fruit spam vectors like OP_RETURN) from making it into the chain is consensus rules. Yes I'm aware spammers will always find a way to get spam in eventually. It would be sad to see fork-level consensus to ban OP_RETURN entirely, because there are reasonable harm-reducing use cases for it (e.g. open timestamps). We are nowhere near consensus on restriction spam vectors at a consensus level, not even close. But who knows after 10 years of child porn being distributed via the Bitcoin network nodes and miners both will have had enough. It would be interesting to watch this play out.
1:12

An interesting thought I had on my morning walk. Filters on their own are not effective to censor all spam from motivated attackers, that's true. But filters do make spam more prone to censorship at the mining pool level. Miners can get away with mining transactions that are used for illegal purposes because they have plausible deniability: they don't know what they are used for, they are "just including what's relayed" by the p2p network. But with many forms of spam, such as OP_RETURN, it is not so. They do not have plausible deniability. MARA is perfectly happy inscribing NFTs and non-standard troll OP_RETURNS via its slipstream service. Since they are legally low risk, it makes sense for them to profit from it. However, if I was to submit something really nasty like torrent links to child pornography (or child porn jpegs) or Mein Kampf (illegal in many countries) MARA could not plausibly deny that it is publishing and distributing illegal content. It’s right there in the OP_RETURN for everyone to see. Consequently they would probably not allow it. If they did, they would get in trouble. And it would be much easier for the content submitters to get caught. If nonstandard node relay software (i.e. libre relay) started being abused by pedophiles, its likely mining pools would just ban these types of higher-risk peers. Of course the pedophiles can always run their own mining pools and get a few transactions every month: bitcoin would remain censorship resistant if you are patient enough. But now, with relaxation of standardness rules and “filters” anybody can easily publish blatantly illegal content as OP_RETURNS and get it relayed to a mining pool in a more censorship-resistant way, cheaper and more effective. Good? Bad? It's possible mining pools are going to have no choice but to develop software that analyzes transaction OP_RETURN to assess what they will publish or not. They may develop content moderation policies, because the illegality of the OP_RETURN content will be blatant and they will have no plausible deniability. I'm honestly pleasantly surprised that miners haven't already done this for obviously "higher risk" transactions like coinjoin. However coinjoin transactions are not illegal per se, and there is very wide international support for financial privacy. Not so for child porn. Once miners start developing software to moderate what transactions go in the blockchain, a Pandora's box is opened: if you can easily filter transactions that have illegal data in the OP_RETURN, why are you allowing whirlpool tx0? Why are you allowing coinjoins? Why are you allowing sanctioned addresses? Ironically, the attempt at making spam transactions less prone to censorship might make economic transactions more prone to censorship. Bitcoin is censorship resistant from a network perspective because anybody can mine anonymously. This censorship resistance is compounded when large centralized mining pools and mining farms have plausible deniability that the transactions they mine aren't blatantly illegal because they are anonymous (“there is no way to know”). The more mining is centralized, the more this component of censorship resistance matters. Non-monetary content puts that aspect at risk. I'm not sure I’m right, but I don't think this idea has been widely discussed. The only thing that can prevent certain txs formats (i.e. the low hanging fruit spam vectors like OP_RETURN) from making it into the chain is consensus rules. Yes I'm aware spammers will always find a way to get spam in eventually. It would be sad to see fork-level consensus to ban OP_RETURN entirely, because there are reasonable harm-reducing use cases for it (e.g. open timestamps). We are nowhere near consensus on restriction spam vectors at a consensus level, not even close. But who knows after 10 years of child porn being distributed via the Bitcoin network nodes and miners both will have had enough. It would be interesting to watch this play out.

FRANCIS - BULLBITCOIN.COM

18,041 Aufrufe • vor 11 Monaten

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 Aufrufe • vor 1 Jahr

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 Aufrufe • vor 1 Jahr

From intern to billionaire, leaving California for Texas, homeschooling, mass deportations and feminism, I sat down with Joe Lonsdale and Tayler Lonsdale for a wide-ranging conversation. 0:00 – Introduction 1:49 – Journey to Homeschooling 4:11 – Forming a Learning Pod 7:23 – Interning at PayPal 8:30 – Founding Palantir 9:33 – How Joe and Tayler Met 10:54 – Working in China 13:03 – Being an Outspoken GOP Donor 14:21 – Supporting President Trump 15:12 – Speaking Out on X 16:13 – Primary News Sources 16:42 – Creating New Forms of Media 18:00 – Moving Out of California 20:44 – California’s Proposed Billionaire Tax 21:37 – Opinion on Zohran Mamdani 22:25 – Founding Addepar 23:07 – Most Successful Investment 23:49 – Greatest Business Failures 24:15 – The Keys to Success 25:45 – Palmer Luckey 26:53 – Peter Thiel 28:07 – Alex Karp 29:03 – Elon Musk 29:40 – Raising Six Children 31:39 – The Importance of Parenthood 34:05 – Why Today’s Culture Is Anti-Family 37:04 – Opinion on Feminism 37:49 – Creation of the University of Austin (UATX) 40:11 – Left-Wing Political Violence 41:03 – Response to UATX 42:48 – 10-Year Vision for UATX 43:15 – Importance of Value-Laden Education 45:08 – Would You Rather Questions 47:45 – Believable Conspiracy Theory 49:12 – Should Palantir Continue to Work with ICE 50:02 – Opinion on Mass Deportations 50:35 – A Non-Guilty Splurge 52:22 – Workout Routine 52:31 – A Hill Willing to Die On 53:33 – Is Gentle Parenting Good 56:40 – Virtue-Signaling Billionaires 58:36 – Most Luxurious Date 59:06 – What Keeps You Up at Night 59:51 – Supporting Political Causes 1:00:55 – Dream Dinner Party Guests
1:02:39

From intern to billionaire, leaving California for Texas, homeschooling, mass deportations and feminism, I sat down with Joe Lonsdale and Tayler Lonsdale for a wide-ranging conversation. 0:00 – Introduction 1:49 – Journey to Homeschooling 4:11 – Forming a Learning Pod 7:23 – Interning at PayPal 8:30 – Founding Palantir 9:33 – How Joe and Tayler Met 10:54 – Working in China 13:03 – Being an Outspoken GOP Donor 14:21 – Supporting President Trump 15:12 – Speaking Out on X 16:13 – Primary News Sources 16:42 – Creating New Forms of Media 18:00 – Moving Out of California 20:44 – California’s Proposed Billionaire Tax 21:37 – Opinion on Zohran Mamdani 22:25 – Founding Addepar 23:07 – Most Successful Investment 23:49 – Greatest Business Failures 24:15 – The Keys to Success 25:45 – Palmer Luckey 26:53 – Peter Thiel 28:07 – Alex Karp 29:03 – Elon Musk 29:40 – Raising Six Children 31:39 – The Importance of Parenthood 34:05 – Why Today’s Culture Is Anti-Family 37:04 – Opinion on Feminism 37:49 – Creation of the University of Austin (UATX) 40:11 – Left-Wing Political Violence 41:03 – Response to UATX 42:48 – 10-Year Vision for UATX 43:15 – Importance of Value-Laden Education 45:08 – Would You Rather Questions 47:45 – Believable Conspiracy Theory 49:12 – Should Palantir Continue to Work with ICE 50:02 – Opinion on Mass Deportations 50:35 – A Non-Guilty Splurge 52:22 – Workout Routine 52:31 – A Hill Willing to Die On 53:33 – Is Gentle Parenting Good 56:40 – Virtue-Signaling Billionaires 58:36 – Most Luxurious Date 59:06 – What Keeps You Up at Night 59:51 – Supporting Political Causes 1:00:55 – Dream Dinner Party Guests

The Katie Miller Podcast

334,254 Aufrufe • vor 5 Monaten

🚨🇷🇺 INTERVIEW: RUSSIA IS BLEEDING OUT FROM THE INSIDE Power grids exploding. Soldiers unpaid. Cities running on generators. Putin says Russia’s economy is untouchable. Konstantin from Inside Russia says that’s a lie. He lived it, and what he describes sounds less like strength and more like survival on borrowed time. We cover: •⁠ ⁠Why Western sanctions are finally cutting off the oxygen •⁠ ⁠How oil giants like Rosneft and Lukoil are scrambling for cash •⁠ ⁠What life looks like when prices rise and supplies vanish overnight •⁠ ⁠Why Russia’s best engineers and developers are leaving faster than they can be replaced •⁠ ⁠And how one wrong move could send the entire system crashing Konstantin says Russia’s economy isn’t dying quietly. It’s bleeding out in real time, and Putin can’t stop it. 02:02 – “Moscow is not Russia,” wealth versus decay beyond the capital 03:55 – From wild 90s freedom to Putin’s tightening grip 05:47 – The social contract: stay quiet and live comfortably 07:09 – The invasion ends that contract overnight 07:20 – The economic panic as companies flee 08:30 – Competing narratives: collapse or resilience 09:17 – How Russia stumbled into a war it did not plan for 10:50 – Shock and chaos among Russian officials 12:55 – Propaganda scrambles to invent justifications 14:30 – The instant exodus of Western companies 16:30 – Ikea, Apple, McDonald’s, and the first wave of panic 17:28 – Russia forbids dollar withdrawals to stop the run 18:40 – How Putin’s “war economy” kept the system alive 19:16 – Oil prices surge, saving Russia for two years 20:22 – Who blew up Nord Stream and who benefited most 21:04 – Why the U.S. gained as Europe lost Russian gas 22:19 – Decades of cheap energy end overnight 23:28 – How Russia gave Europe’s market to America 24:11 – The self-inflicted wound that wrecked Gazprom’s future 25:25 – The economic unraveling begins 26:25 – The perfect storm of sanctions, exodus, and brain drain 28:05 – Millions leave, the professionals among them 29:10 – War spending drains the “savings account” 30:12 – Putin’s reserves are drying up 31:48 – GDP myths and fake data inside Russia 32:25 – The illusion of growth built on war production 33:44 – Military factories slow and layoffs begin 35:03 – “The party’s over,” Russia hits zero growth 35:45 – Why Putin still refuses to end the war 37:29 – The Titanic analogy: lights on, hull already flooded 40:00 – Blackouts, shortages, and the slow collapse 42:00 – Siemens leaves, turbines fail, power plants decay 43:12 – Why China cannot replace Western tech 44:40 – The lagging effect of sanctions now hitting home 45:10 – Putin escalates war as protests begin to spread 46:50 – Early sparks of unrest across Russian cities 47:55 – Prices soar, infrastructure breaks down 49:01 – Fear inside Putin’s own circle grows 50:36 – Why he cannot stop the war without losing power 52:05 – The danger of returning soldiers and shrinking spoils 52:58 – Why the “territory win” is a poisoned prize 54:30 – Putin’s miscalculation as NATO grows stronger 56:20 – Mario challenges NATO’s role and the red line argument 57:55 – Konstantin’s rebuttal: “Diplomacy, not invasion” 59:03 – The myth of NATO encirclement 01:01:46 – How Putin turned NATO from partner to enemy for politics 01:03:02 – Why he really invaded Ukraine: falling ratings and stagnation 01:05:33 – The plan for a quick regime change gone wrong 01:06:52 – “He wanted control, not blood,” but the war trapped him 01:07:29 – Mario proposes future debates with data-driven experts
1:08:50

🚨🇷🇺 INTERVIEW: RUSSIA IS BLEEDING OUT FROM THE INSIDE Power grids exploding. Soldiers unpaid. Cities running on generators. Putin says Russia’s economy is untouchable. Konstantin from Inside Russia says that’s a lie. He lived it, and what he describes sounds less like strength and more like survival on borrowed time. We cover: •⁠ ⁠Why Western sanctions are finally cutting off the oxygen •⁠ ⁠How oil giants like Rosneft and Lukoil are scrambling for cash •⁠ ⁠What life looks like when prices rise and supplies vanish overnight •⁠ ⁠Why Russia’s best engineers and developers are leaving faster than they can be replaced •⁠ ⁠And how one wrong move could send the entire system crashing Konstantin says Russia’s economy isn’t dying quietly. It’s bleeding out in real time, and Putin can’t stop it. 02:02 – “Moscow is not Russia,” wealth versus decay beyond the capital 03:55 – From wild 90s freedom to Putin’s tightening grip 05:47 – The social contract: stay quiet and live comfortably 07:09 – The invasion ends that contract overnight 07:20 – The economic panic as companies flee 08:30 – Competing narratives: collapse or resilience 09:17 – How Russia stumbled into a war it did not plan for 10:50 – Shock and chaos among Russian officials 12:55 – Propaganda scrambles to invent justifications 14:30 – The instant exodus of Western companies 16:30 – Ikea, Apple, McDonald’s, and the first wave of panic 17:28 – Russia forbids dollar withdrawals to stop the run 18:40 – How Putin’s “war economy” kept the system alive 19:16 – Oil prices surge, saving Russia for two years 20:22 – Who blew up Nord Stream and who benefited most 21:04 – Why the U.S. gained as Europe lost Russian gas 22:19 – Decades of cheap energy end overnight 23:28 – How Russia gave Europe’s market to America 24:11 – The self-inflicted wound that wrecked Gazprom’s future 25:25 – The economic unraveling begins 26:25 – The perfect storm of sanctions, exodus, and brain drain 28:05 – Millions leave, the professionals among them 29:10 – War spending drains the “savings account” 30:12 – Putin’s reserves are drying up 31:48 – GDP myths and fake data inside Russia 32:25 – The illusion of growth built on war production 33:44 – Military factories slow and layoffs begin 35:03 – “The party’s over,” Russia hits zero growth 35:45 – Why Putin still refuses to end the war 37:29 – The Titanic analogy: lights on, hull already flooded 40:00 – Blackouts, shortages, and the slow collapse 42:00 – Siemens leaves, turbines fail, power plants decay 43:12 – Why China cannot replace Western tech 44:40 – The lagging effect of sanctions now hitting home 45:10 – Putin escalates war as protests begin to spread 46:50 – Early sparks of unrest across Russian cities 47:55 – Prices soar, infrastructure breaks down 49:01 – Fear inside Putin’s own circle grows 50:36 – Why he cannot stop the war without losing power 52:05 – The danger of returning soldiers and shrinking spoils 52:58 – Why the “territory win” is a poisoned prize 54:30 – Putin’s miscalculation as NATO grows stronger 56:20 – Mario challenges NATO’s role and the red line argument 57:55 – Konstantin’s rebuttal: “Diplomacy, not invasion” 59:03 – The myth of NATO encirclement 01:01:46 – How Putin turned NATO from partner to enemy for politics 01:03:02 – Why he really invaded Ukraine: falling ratings and stagnation 01:05:33 – The plan for a quick regime change gone wrong 01:06:52 – “He wanted control, not blood,” but the war trapped him 01:07:29 – Mario proposes future debates with data-driven experts

Mario Nawfal

2,263,191 Aufrufe • vor 8 Monaten

Time for a deep chat w/ my good friend Ryan Ferris—consciousness, ghosts, aliens, and more...! 00:00 Intro 00:27 Meet Ryan Ferris – AI, art & consciousness 01:44 AI orangutan, memecoins & chaos 03:10 Ryan’s tech journey & deep curiosity 04:16 Economic Singularity is coming by 2030 05:04 Magic, aliens & reality’s edges 06:33 Music as real-world magic 07:48 Ghost stories: Raoul’s wild experience 09:24 Ryan’s brother’s terrifying encounter 11:17 Are ghosts remnants of consciousness? 12:41 Entities in meditation, DMT & religion 13:36 Ryan’s DMT trip with a lizard man 15:12 The jellyfish “Mother” entity arrives 16:49 Insights vs facts from psychedelics 17:49 Universal oneness across states 18:46 Nature, healing & Cayman’s resonance 19:44 Grounding: avoiding spiritual psychosis 20:43 Rethinking aliens – layers, not planets 21:52 Are we cells in a greater being? 23:18 Quantum field leaks or parallel layers? 24:48 Skywatchers & real UAP footage 26:13 9 UAP types: jellyfish, tic-tac, beam 27:44 Exotic materials & spiritual effects 28:44 Abductions & missing persons theory 29:59 Ultra-terrestrials or time travelers? 31:00 It’s all connected: ghosts, DMT, aliens 32:05 Meditation can summon UAPs? 33:26 Hardcore meditation & enlightenment 34:55 Mind expansion unlocks real power 36:30 Vedic/Buddhist links to consciousness 37:54 Is AI the path to digital immortality? 39:14 Religions agree: there is “something” 40:03 Ancient wisdom vs modern distractions 41:29 Trees, rocks & Earth as compute 42:45 Alien sightings increasing – why? 43:31 Good vs bad timelines & quantum forks 44:46 We are novelty generators for the universe 46:00 “God forgot he’s dreaming” theory 47:30 Playfulness = peak compute 48:30 Data-rich lives = posthuman legacy 49:35 AI merging = ASI = Earth's supernode 51:14 Biological systems > silicon chips 52:26 Trees & consciousness (Faggin/Hoffman) 53:58 Consciousness = reality’s base layer 55:05 ASI connects us to higher intelligence 56:14 Aliens watching nukes, AI, & timelines 57:19 Civilizational shift: physics, life, God 58:45 Mythology might be physics we don’t get yet 59:25 Final takeaway PS: Ryan and I put together a list of films and books for further research and keep the conversation going... It's on Real Vision. It's free to join and download. As ever, I hope you enjoy and find it useful...
1:14:04

Time for a deep chat w/ my good friend Ryan Ferris—consciousness, ghosts, aliens, and more...! 00:00 Intro 00:27 Meet Ryan Ferris – AI, art & consciousness 01:44 AI orangutan, memecoins & chaos 03:10 Ryan’s tech journey & deep curiosity 04:16 Economic Singularity is coming by 2030 05:04 Magic, aliens & reality’s edges 06:33 Music as real-world magic 07:48 Ghost stories: Raoul’s wild experience 09:24 Ryan’s brother’s terrifying encounter 11:17 Are ghosts remnants of consciousness? 12:41 Entities in meditation, DMT & religion 13:36 Ryan’s DMT trip with a lizard man 15:12 The jellyfish “Mother” entity arrives 16:49 Insights vs facts from psychedelics 17:49 Universal oneness across states 18:46 Nature, healing & Cayman’s resonance 19:44 Grounding: avoiding spiritual psychosis 20:43 Rethinking aliens – layers, not planets 21:52 Are we cells in a greater being? 23:18 Quantum field leaks or parallel layers? 24:48 Skywatchers & real UAP footage 26:13 9 UAP types: jellyfish, tic-tac, beam 27:44 Exotic materials & spiritual effects 28:44 Abductions & missing persons theory 29:59 Ultra-terrestrials or time travelers? 31:00 It’s all connected: ghosts, DMT, aliens 32:05 Meditation can summon UAPs? 33:26 Hardcore meditation & enlightenment 34:55 Mind expansion unlocks real power 36:30 Vedic/Buddhist links to consciousness 37:54 Is AI the path to digital immortality? 39:14 Religions agree: there is “something” 40:03 Ancient wisdom vs modern distractions 41:29 Trees, rocks & Earth as compute 42:45 Alien sightings increasing – why? 43:31 Good vs bad timelines & quantum forks 44:46 We are novelty generators for the universe 46:00 “God forgot he’s dreaming” theory 47:30 Playfulness = peak compute 48:30 Data-rich lives = posthuman legacy 49:35 AI merging = ASI = Earth's supernode 51:14 Biological systems > silicon chips 52:26 Trees & consciousness (Faggin/Hoffman) 53:58 Consciousness = reality’s base layer 55:05 ASI connects us to higher intelligence 56:14 Aliens watching nukes, AI, & timelines 57:19 Civilizational shift: physics, life, God 58:45 Mythology might be physics we don’t get yet 59:25 Final takeaway PS: Ryan and I put together a list of films and books for further research and keep the conversation going... It's on Real Vision. It's free to join and download. As ever, I hope you enjoy and find it useful...

Raoul Pal

207,229 Aufrufe • vor 1 Jahr

Here's my recent talk at Sui Basecamp in Dubai—Enjoy! 00:00 - PALvatar introduces the episode 01:04 - Reframing the macro fear narrative 01:26 - The Everything Code and liquidity 01:51 - Debt cycles and macro structure 02:10 - Demographics, debt, and GDP 02:38 - Aging populations and GDP drag 03:00 - Liquidity as the real driver 03:25 - Fed balance sheet to total liquidity 03:50 - M2 and asset correlations 04:23 - Why the rich get richer 04:47 - Global tax via currency debasement 05:21 - Crypto as a generational opportunity 05:48 - Banana zones and BTC decoupling 06:13 - Bitcoin log regression and upside 06:37 - 850K $BTC and market cycles 06:56 - Debasement and asset returns 07:19 - Liquidity vs. traditional returns 07:48 - Why tech and crypto matter 08:10 - Bitcoin vs Nasdaq performance 08:38 - Crypto: best asset in history 09:03 - The "Don’t F*ck This Up" thesis 09:38 - Liquidity and the macro setup 09:58 - Volatility is the price for returns 10:31 - Tariffs, rates, and market lag 11:01 - Economic surprises and liquidity 11:37 - 2017 tariffs and liquidity boost 12:01 - Twitter narratives vs macro truth 12:24 - What assets lead market cycles 12:51 - Inventory buildup and Q1 GDP 13:12 - Philly Fed confirms thesis 13:31 - ISM and forward outlook 14:00 - #Bitcoin and DeMark analysis 14:21 - Trump cycle deja vu 14:38 - My Bitcoin trading mistake 14:57 - Dollar strength and the Trump pivot 15:16 - Why the dollar isn’t over 15:36 - A weak dollar lifts global growth 15:56 - The 2017 breakout comparison 16:18 - One of the best setups ever 16:40 - Global M2 and debt cycle 17:03 - Basel IV and monetary creation 17:25 - Liquidity cycles repeat 17:45 - Debt refi cycles and patterns 18:06 - Liquidity leads Bitcoin 18:29 - Banana Zone phases 18:50 - Global M2 vs BTC chart 19:09 - Breakouts and corrections 19:29 - The voodoo chart: M2 + BTC 19:50 - One-way street ahead 20:08 - China, the dollar, and liquidity 20:31 - Central banks printing 20:50 - Liquidity surge from all angles 21:14 - Correlation with BTC and Nasdaq 21:39 - The Everything Code plays out 22:03 - Business cycle and crypto 22:32 - Bitcoin and ISM outlook 22:54 - Bitcoin at 450K? 23:21 - Altseason and business cycle 23:48 - Earnings, spending, and risk 24:16 - Altcoins = risk curve 24:40 - ISM >50 = big signal 25:06 - Everyone's fearful at the bottom 25:35 - Bearish sentiment at extremes 26:03 - Institutions still not in 26:29 - Indicators signal reversals 26:56 - Bitcoin corrections are normal 27:18 - The 2017 rollercoaster 27:42 - Technicals: #Solana & $SUI 28:00 - Sui charts breaking out 28:28 - Sui vs $SOL: faster horse 28:50 - $DEEP: top performer 29:16 - Ecosystem growth & excitement 29:45 - Market reacting to the vision 30:07 - Follow liquidity, not noise 30:27 - RSI and breakouts 30:47 - Liquidity patterns repeat 31:13 - We are in the Banana Zone 31:30 - No cycle top in sight 31:56 - This is just the beginning 32:19 - Banana Zone map 32:44 - Final advice: don’t mess this up 33:08 - Cycle could run into Q2 2026 33:39 - Stick to the program and DFTU
34:04

Here's my recent talk at Sui Basecamp in Dubai—Enjoy! 00:00 - PALvatar introduces the episode 01:04 - Reframing the macro fear narrative 01:26 - The Everything Code and liquidity 01:51 - Debt cycles and macro structure 02:10 - Demographics, debt, and GDP 02:38 - Aging populations and GDP drag 03:00 - Liquidity as the real driver 03:25 - Fed balance sheet to total liquidity 03:50 - M2 and asset correlations 04:23 - Why the rich get richer 04:47 - Global tax via currency debasement 05:21 - Crypto as a generational opportunity 05:48 - Banana zones and BTC decoupling 06:13 - Bitcoin log regression and upside 06:37 - 850K $BTC and market cycles 06:56 - Debasement and asset returns 07:19 - Liquidity vs. traditional returns 07:48 - Why tech and crypto matter 08:10 - Bitcoin vs Nasdaq performance 08:38 - Crypto: best asset in history 09:03 - The "Don’t F*ck This Up" thesis 09:38 - Liquidity and the macro setup 09:58 - Volatility is the price for returns 10:31 - Tariffs, rates, and market lag 11:01 - Economic surprises and liquidity 11:37 - 2017 tariffs and liquidity boost 12:01 - Twitter narratives vs macro truth 12:24 - What assets lead market cycles 12:51 - Inventory buildup and Q1 GDP 13:12 - Philly Fed confirms thesis 13:31 - ISM and forward outlook 14:00 - #Bitcoin and DeMark analysis 14:21 - Trump cycle deja vu 14:38 - My Bitcoin trading mistake 14:57 - Dollar strength and the Trump pivot 15:16 - Why the dollar isn’t over 15:36 - A weak dollar lifts global growth 15:56 - The 2017 breakout comparison 16:18 - One of the best setups ever 16:40 - Global M2 and debt cycle 17:03 - Basel IV and monetary creation 17:25 - Liquidity cycles repeat 17:45 - Debt refi cycles and patterns 18:06 - Liquidity leads Bitcoin 18:29 - Banana Zone phases 18:50 - Global M2 vs BTC chart 19:09 - Breakouts and corrections 19:29 - The voodoo chart: M2 + BTC 19:50 - One-way street ahead 20:08 - China, the dollar, and liquidity 20:31 - Central banks printing 20:50 - Liquidity surge from all angles 21:14 - Correlation with BTC and Nasdaq 21:39 - The Everything Code plays out 22:03 - Business cycle and crypto 22:32 - Bitcoin and ISM outlook 22:54 - Bitcoin at 450K? 23:21 - Altseason and business cycle 23:48 - Earnings, spending, and risk 24:16 - Altcoins = risk curve 24:40 - ISM >50 = big signal 25:06 - Everyone's fearful at the bottom 25:35 - Bearish sentiment at extremes 26:03 - Institutions still not in 26:29 - Indicators signal reversals 26:56 - Bitcoin corrections are normal 27:18 - The 2017 rollercoaster 27:42 - Technicals: #Solana & $SUI 28:00 - Sui charts breaking out 28:28 - Sui vs $SOL: faster horse 28:50 - $DEEP: top performer 29:16 - Ecosystem growth & excitement 29:45 - Market reacting to the vision 30:07 - Follow liquidity, not noise 30:27 - RSI and breakouts 30:47 - Liquidity patterns repeat 31:13 - We are in the Banana Zone 31:30 - No cycle top in sight 31:56 - This is just the beginning 32:19 - Banana Zone map 32:44 - Final advice: don’t mess this up 33:08 - Cycle could run into Q2 2026 33:39 - Stick to the program and DFTU

Raoul Pal

533,748 Aufrufe • vor 1 Jahr

E159: Hyperliquid: Housing all of Finance jeff.hl came back on the When Shift Happens Podcast to talk about the Hyperliquid journey since the TGE and what the future holds for one of the most loved and prolific protocols in the space Hyperliquid Timestamps 0:00 Intro 2:01 Singapore 2:27 Reminiscing on the Token Launch 5:00 Was This Scale Of Wealth Expected? 6:28 Doing The Right Thing In Crypto 9:07 The Responsibility that comes with Billions of $ 11:10 Jupiter KAST 11:51 Bringing Hyperliquid to the masses 15:21 Pre TGE and Post TGE: Operational difference 20:13 Choices on what to build Internally vs Externally 22:05 How to build a reliable team 24:51 Did the Team celebrate the HYPE wealth Generation event? 26:45 How to test talents for High Integrity 28:31 How much does the Hyperliquid team sleep? 30:05 Employee Vesting Fears 31:41 Dealing with FUD 32:28 How Does Jeff Personally Handle FUD 35:02 Token "Buybacks" critics 37:20 Why Hyperliquid can't have Discretionary "Buybacks" 39:04 HyperEVM, explained Simply 40:00 Paradex Zodl 40:41 HyperEVM: Success so Far? 44:05 HIP-3, explained Simply 47:44 What makes Hyperliquid's approach different 48:19 Why Should People Care? 51:33 Bring All Finance On Chain 52:08 Why Is The Hyperliquid Approach Better? 53:47 Key Numbers showing that Hyperliquid Is Doing it right 59:01 What Has the Unit team demonstrated with spot trading on Hyperliquid in 2025 1:03:29 HIP-4: Outcome Markets 1:08:01 Trezor Sui 1:08:58 What does "Housing All Of Finance" mean? 1:10:51 Why Hyperliquid is not a crypto company 1:12:23 Why Does Hyperliquid have A Stablecoin USDH (Native Markets) 1:14:39 What Is Kinetiq & Why Does It Matter? 1:16:15 Why Is What HyperLend Is Building Important For HyperLiquid 1:23:39 Where did Fairness cost the most? 1:24:47 What should Hyperliquid be Remembered for? 1:25:24 Why should people stay in Crypto when there's an AI brain drain? 1:28:10 Closing Thoughts
1:29:06

E159: Hyperliquid: Housing all of Finance jeff.hl came back on the When Shift Happens Podcast to talk about the Hyperliquid journey since the TGE and what the future holds for one of the most loved and prolific protocols in the space Hyperliquid Timestamps 0:00 Intro 2:01 Singapore 2:27 Reminiscing on the Token Launch 5:00 Was This Scale Of Wealth Expected? 6:28 Doing The Right Thing In Crypto 9:07 The Responsibility that comes with Billions of $ 11:10 Jupiter KAST 11:51 Bringing Hyperliquid to the masses 15:21 Pre TGE and Post TGE: Operational difference 20:13 Choices on what to build Internally vs Externally 22:05 How to build a reliable team 24:51 Did the Team celebrate the HYPE wealth Generation event? 26:45 How to test talents for High Integrity 28:31 How much does the Hyperliquid team sleep? 30:05 Employee Vesting Fears 31:41 Dealing with FUD 32:28 How Does Jeff Personally Handle FUD 35:02 Token "Buybacks" critics 37:20 Why Hyperliquid can't have Discretionary "Buybacks" 39:04 HyperEVM, explained Simply 40:00 Paradex Zodl 40:41 HyperEVM: Success so Far? 44:05 HIP-3, explained Simply 47:44 What makes Hyperliquid's approach different 48:19 Why Should People Care? 51:33 Bring All Finance On Chain 52:08 Why Is The Hyperliquid Approach Better? 53:47 Key Numbers showing that Hyperliquid Is Doing it right 59:01 What Has the Unit team demonstrated with spot trading on Hyperliquid in 2025 1:03:29 HIP-4: Outcome Markets 1:08:01 Trezor Sui 1:08:58 What does "Housing All Of Finance" mean? 1:10:51 Why Hyperliquid is not a crypto company 1:12:23 Why Does Hyperliquid have A Stablecoin USDH (Native Markets) 1:14:39 What Is Kinetiq & Why Does It Matter? 1:16:15 Why Is What HyperLend Is Building Important For HyperLiquid 1:23:39 Where did Fairness cost the most? 1:24:47 What should Hyperliquid be Remembered for? 1:25:24 Why should people stay in Crypto when there's an AI brain drain? 1:28:10 Closing Thoughts

MR SHIFT 🦁

577,829 Aufrufe • vor 5 Monaten

9/11 ALCHEMY: FACING REALITY Full Documentary This is the greatest documentary on the subject. You think you know what happened on the horrific day of September, 11, 2001. You don't. Reset your mind of preconceived notions. We have directed energy weapons that are capable of turning matter into dust. You have been played. This single day changed everything. Research everything. Think for yourself. Video timestamps: 1. 0:00 - Introduction by Christian Hampton 2. 1:13 - Predictive Programming? 3. 3:52 - William Cooper 9/11 Prediction 4. 4:59 - President Eisenhower Farewell Speech 5. 6:42 - The Energy Issue 6. 7:30 - Controlled Demolitions 7. 8:30 - Missing Rubble & Seismic Impact 8. 10:54 – Black Budget 9. 13:03 – The Aether 10. 14:50 – Earth’s Magnetic Field 11. 15:46 – Hurricane Erin, Tesla Coils, & the day before 9/11 12. 20:17 – Directed Energy Weapons (DEW) 13. 24:35 – Dr. Judy Wood’s Qui Tam Case 14. 24:46 - John Hutchison 15. 27:01 – Awareness Test 16. 27:50 – “Video Fakery” Disinformation 17. 36:47 – Richard Hall’s 3D Radar Analysis 18. 40:59 – The “POD/Drone Theory” Disinfo 19. 43:25 – Dr. Morgan Reynolds Qui Tam Case 20. 51:55 – Contractors: ARA & SAIC 21. 58:04 –3D Projection Technology 22. 1:03:28 – Gelatin & Ace Baker Disinfo 23. 1:09:46 – Real Time Holographic Visualization 24. 1:12:11 – Quasicrystals 25. 1:17:30 – Qui Tam Cases Dismissal & Coverup 26. 1:19:04 – Steven Jones & Cold Fusion Coverup 27. 1:22:14 – Missile Disinfo 28. 1:25:23 – Shanksville: No Plane Debris at Crash Site 29. 1:27:44 – Flight 93 Flight Path 30. 1:32:34 – Flight 77: No Plane Debris at Pentagon 31. 1:34:27 – Pentagon Damage 32. 1:35:34 – Flight 93: Phantom Airplane 33. 1:36:35 – Shiny Lights / White Orbs Spotted and Angels 34. 1:39:46 – Mysterious White Planes 35. 1:41:09 – Disappearing Plane Wings 36. 1:42:42 – Shutter Speed vs Frame Rate 37. 1:46:40 – 1980s Holographic UFOs & Aliens 38. 1:48:12 – Gelatin in Holography 39. 1:49:09 – 2001: A Space Odyssey 40. 1:52:37 – Monolith on 1/1/2001 41. 1:53:49 – Disinfo Agents 42. 1:55:38 – Occult Numerology 43. 1:57:53 – Project Blue Beam 44. 1:59:17 – Holes 45. 2:02:18 – Jumpers 46. 2:04:09 – Star Wars in Iraq & Pentagon 47. 2:05:15 – Warped Columns 48. 2:08:35 – Elevators, Pipes, Concrete Cracking Up 49. 2:11:07 – The “Flash Frame” 50. 2:12:44 – DEW: Side Effects, Camera Glitches, Burger King Outage 51. 2:15:24 – Magnetic Camera Tape 52. 2:17:23 – Power Outages, Unburnt Paper, and Levitation 53. 2:19:08 – Transmutation: Fusion, Fuming 54. 2:22:19 – Flight 93: Cottage in Ruins 55. 2:23:00 – Fuming for Years 56. 2:24:27 – Iron-Rich Spheres: WTC, Crop Circles, Tunguska Event 57. 2:27:11 – Crop Circles: Levitation, High Energy 58. 2:30:24 – Pump Wells: Iron Contamination in Soil 59. 2:33:46 – Flight 93: Energy Effects on Trees 60. 2:35:30 – Space & Perception: Facing Reality 61. 2:38:56 – Strategic Defense Initiative & Project Blue Beam 62. 2:41:24 – Weaponization of Space 63. 2:44:25 – Ashe Conformity Experiments 64. 2:45:53 – Psychological Warfare: War of the Worlds and 9/11 65. 2:51:28 – David Rockefeller: WTC Construction & Destruction 66. 2:52:57 – A Decades Long Conspiracy 67. 2:54:36 – Credits and References Director: Christian Hampton
2:58:24

9/11 ALCHEMY: FACING REALITY Full Documentary This is the greatest documentary on the subject. You think you know what happened on the horrific day of September, 11, 2001. You don't. Reset your mind of preconceived notions. We have directed energy weapons that are capable of turning matter into dust. You have been played. This single day changed everything. Research everything. Think for yourself. Video timestamps: 1. 0:00 - Introduction by Christian Hampton 2. 1:13 - Predictive Programming? 3. 3:52 - William Cooper 9/11 Prediction 4. 4:59 - President Eisenhower Farewell Speech 5. 6:42 - The Energy Issue 6. 7:30 - Controlled Demolitions 7. 8:30 - Missing Rubble & Seismic Impact 8. 10:54 – Black Budget 9. 13:03 – The Aether 10. 14:50 – Earth’s Magnetic Field 11. 15:46 – Hurricane Erin, Tesla Coils, & the day before 9/11 12. 20:17 – Directed Energy Weapons (DEW) 13. 24:35 – Dr. Judy Wood’s Qui Tam Case 14. 24:46 - John Hutchison 15. 27:01 – Awareness Test 16. 27:50 – “Video Fakery” Disinformation 17. 36:47 – Richard Hall’s 3D Radar Analysis 18. 40:59 – The “POD/Drone Theory” Disinfo 19. 43:25 – Dr. Morgan Reynolds Qui Tam Case 20. 51:55 – Contractors: ARA & SAIC 21. 58:04 –3D Projection Technology 22. 1:03:28 – Gelatin & Ace Baker Disinfo 23. 1:09:46 – Real Time Holographic Visualization 24. 1:12:11 – Quasicrystals 25. 1:17:30 – Qui Tam Cases Dismissal & Coverup 26. 1:19:04 – Steven Jones & Cold Fusion Coverup 27. 1:22:14 – Missile Disinfo 28. 1:25:23 – Shanksville: No Plane Debris at Crash Site 29. 1:27:44 – Flight 93 Flight Path 30. 1:32:34 – Flight 77: No Plane Debris at Pentagon 31. 1:34:27 – Pentagon Damage 32. 1:35:34 – Flight 93: Phantom Airplane 33. 1:36:35 – Shiny Lights / White Orbs Spotted and Angels 34. 1:39:46 – Mysterious White Planes 35. 1:41:09 – Disappearing Plane Wings 36. 1:42:42 – Shutter Speed vs Frame Rate 37. 1:46:40 – 1980s Holographic UFOs & Aliens 38. 1:48:12 – Gelatin in Holography 39. 1:49:09 – 2001: A Space Odyssey 40. 1:52:37 – Monolith on 1/1/2001 41. 1:53:49 – Disinfo Agents 42. 1:55:38 – Occult Numerology 43. 1:57:53 – Project Blue Beam 44. 1:59:17 – Holes 45. 2:02:18 – Jumpers 46. 2:04:09 – Star Wars in Iraq & Pentagon 47. 2:05:15 – Warped Columns 48. 2:08:35 – Elevators, Pipes, Concrete Cracking Up 49. 2:11:07 – The “Flash Frame” 50. 2:12:44 – DEW: Side Effects, Camera Glitches, Burger King Outage 51. 2:15:24 – Magnetic Camera Tape 52. 2:17:23 – Power Outages, Unburnt Paper, and Levitation 53. 2:19:08 – Transmutation: Fusion, Fuming 54. 2:22:19 – Flight 93: Cottage in Ruins 55. 2:23:00 – Fuming for Years 56. 2:24:27 – Iron-Rich Spheres: WTC, Crop Circles, Tunguska Event 57. 2:27:11 – Crop Circles: Levitation, High Energy 58. 2:30:24 – Pump Wells: Iron Contamination in Soil 59. 2:33:46 – Flight 93: Energy Effects on Trees 60. 2:35:30 – Space & Perception: Facing Reality 61. 2:38:56 – Strategic Defense Initiative & Project Blue Beam 62. 2:41:24 – Weaponization of Space 63. 2:44:25 – Ashe Conformity Experiments 64. 2:45:53 – Psychological Warfare: War of the Worlds and 9/11 65. 2:51:28 – David Rockefeller: WTC Construction & Destruction 66. 2:52:57 – A Decades Long Conspiracy 67. 2:54:36 – Credits and References Director: Christian Hampton

Redpill Drifter

43,770 Aufrufe • vor 3 Monaten