Podcast appearances and mentions of Adam Back

Im Gespräch auf der Bitcoin 2025 erklärt Bitcoin‑Pionier Adam Back, warum er Bitcoin für digitales Gold hält, wie er zu Proof‑of‑Work steht, welche Rolle Layer‑2‑Lösungen spielen und warum er den aktuellen Preis trotz Allzeithoch für günstig hält.

Is Bitcoin's security future-proof? We dive deep into why Bitcoin's long-term survival hinges on increasing its cost of attack—and how $NAT may be the missing piece. We explore the uncomfortable truth: Bitcoin isn't being used as peer-to-peer cash, and the current fee model may not be enough to sustain its security past 2140. We challenge core assumptions about BTC's future, question the infinite doubling thesis, and unpack how @natgmi aims to subsidize miners, increase decentralization, and reinforce Bitcoin's cost of attack without altering its monetary policy. From trillion-dollar hypotheticals to hardware realities, this is part 1 of our breakdown of the NATpaper. Topics: First up, they explore why Bitcoin's value doesn't come from its market cap, but rather its cost of attack — and how that defines its long-term viability. Next, they break down why Bitcoin alone may not be able to sustain its own security budget forever, especially as mining rewards approach zero by 2140. Then, they introduce the NAT token as a potential solution — not just a subsidy, but a parallel system to reinforce Bitcoin's decentralization and resilience. And finally, they take on critics like Adam Back and lay the foundation for NAT's origin, design, and why it may be the most important innovation since Bitcoin itself. Please like and subscribe on your favorite podcasting app! Sign up for a free newsletter: www.theblockrunner.com Follow us on: Youtube: https://bit.ly/TBlkRnnrYouTube Twitter: bit.ly/TBR-Twitter Telegram: bit.ly/TBR-Telegram Discord: bit.ly/TBR-Discord  

Benjamin Wallace's new book is The Mysterious Mr. Nakamoto: A Fifteen-Year Quest to Unmask the Secret Genius Behind Crypto.   It's the greatest whodunit. Whoever created Bitcoin became the world's richest person, yet we don't know who he is. In fact, we don't even know if it's one person. There have been other cases where identities have been hidden for a while: Mysterious Whistleblowers (Deep Throat) Mysterious Authors (Ferrante, Klein, Publius) Mysterious Artists (Banksy) Mysterious Spies / Hackers (Cambridge Five, QAnon figureheads, Cicada 3301) However, nothing tops the enigma of Satoshi Nakamoto. Watch my interview with Benjamin Wallace on the WanderLearn Show: Watch the Video Interview Questions for Benjamin Wallace In 60 seconds, tell us why we should be curious about who Satoshi Nakamoto was. What's the percentage chance that Satoshi Nakamoto is more than one person? What's the percentage chance that Satoshi Nakamoto is dead? Assuming he's alive, what's the percentage chance that Satoshi Nakamoto will voluntarily reveal himself in his old age or via a dead man's switch video? Who are your top 4 candidates for Satoshi Nakamoto? If those 4 candidates are in a pie chart, how big is the 5th piece of the pie: the Someone Else slice?  Although Nakamoto's OPSEC was impeccable, is it realistic to believe that he faked his Britishisms, his double-spacing after periods, and potentially running his prose & code through a stylometry mixer because he was certain that Bitcoin would become a multi-trillion-dollar asset? What new insights have you had since you wrote the book? What's the percentage chance that we will definitively solve this mystery like we solved the Deep Throat mystery? Or will the ending be more like Forrest Fenn (e.g., a partial conclusion because we know the treasure was found and by whom, but we don't know where)?  What surprised you in your investigation? It seems you want Nakamoto to be Hal Finney, but it's hard to believe he didn't tap into the fortune when his life was on the line. And why not admit to being Nakamoto when he was on his deathbed? Perhaps to protect his family from assaults? Perhaps because he collaborated with someone else and doesn't want to unmask him. But then he could admit that he was part of the Satoshi team and leave it at that. Who is Satoshi Nakamoto? In his book, Wallace writes that any plausible Nakamoto candidate should have the following characteristics: Software tools Coding quirks Age Geography Schedule Use of English Nationality Prose style Politics Life circumstances (How had Nakamoto found the time to launch Bitcoin? Why had he left the project when he did?" Resume ("I'm not a lawyer.") Emotional range (humble, confident, testy, appreciative) Motivation to create Bitcoin Rationale, and the foresight and skill, to create a bulletproof pseudonym (Who would bother wiping a crime scene clean before it was a crime scene? Who was already that good at privacy in 2008?) Monkish capacity to renounce a fortune Although this list severely restricts who Satoshi Nakamoto could be, it still leaves countless possibilities. Wallace, who has been trying to crack this mystery for 15 years, has yet to meet a candidate who checks all the boxes. Wallace refrains from declaring that he has solved the mystery, even though countless "detectives" have already done so. He interviews people who tell him, with 100% certainty, that Satoshi Nakamoto is: Nick Szabo James A. Donald Adam Back Hal Finney Peter Todd (according to HBO) Elon Musk Numerous other options It's tempting to select what you think is the most viable candidate, throw in a heavy dose of confirmation bias, and declare, "Mystery solved, Sherlock!" Plenty have done so. It requires great restraint to resist the temptation of calling it a day, and instead, persevere pugnaciously like Wallace has in what is the greatest whodunit of the 21st century.  Many suspects seem highly implausible. Elon Musk, for example, is a bombastic self-promoter who would love to proclaim he was the genius behind Bitcoin. It's unimaginable why he would keep his mouth shut. Hal Finney was a sincere, honest, and good guy. As he said many times when he was dying of ALS, he had no reason NOT to reveal that he was Satoshi Nakamoto. Therefore, it's not him, even though it would provide a neat explanation as to why the old Satoshi Nakamoto bitcoins haven't moved.  Adam Back is plausible, although ex-cypherpunk Jon Callas says, "The primary argument against Adam Back is he couldn't keep his mouth shut." Still, an engrossing 3-part documentary argues that Nakamoto is Adam Back. Here's the final episode: https://www.youtube.com/watch?v=XfcvX0P1b5g  Is Nick Szabo Satoshi Nakamoto? For several years, I believed Nick Szabo was Satoshi Nakamoto. It was an unoriginal deduction since Szabo is a popular choice among amateur Nakamoto detectives. Indeed, Szabo was one of Wallace's prime candidates for a long time. However, in his book, Wallace explains why Szabo has too many strikes against him: Szabo is a scatterbrain when it comes to projects. He doesn't focus on one thing for years. He juggles 150 balls. Nakamoto was laser-focused for 18 months. He told Jeremy Clark that Szabo "seemed to think that his bit gold was better" than Bitcoin. Clark also said Szabo is an "incoherent" presenter, whereas Nakamoto was "lucid."  Although Szabo is intensely private, he's not a complete recluse. He likes sharing ideas and getting public recognition.  Minor point: Satoshi Nakamoto wrote, "I'm not a lawyer," but Szabo is one. Although these points suggest Szabo is unlikely to be Satoshi, Szabo remains a strong Nakamoto candidate, given the absence of a perfect candidate. Besides, Clark's points are easily refuted. Just because Szabo implied Bitgold was better than Bitcoin means little. Szabo could say that to shake off people who think he's Satoshi. Or he could genuinely believe that aspects of Bitgold were superior to Bitcoin. Clark said Szabo "seemed to think..." He didn't say, "Szabo emphatically said..." Also, I listened to Szabo speak for 2.5 hours on the Tim Ferriss Show, and he sounded plenty lucid to me.  Szabo is a decent speaker. Naturally, Szabo always denies he's Satoshi. As Wallace says, denying you're not the guy proves nothing. Mark Felt was an obvious suspect for being the Deep Throat in the Watergate scandal. He denied for decades. And guess what? He was Deep Throat! Sometimes the most obvious suspect is the criminal (think O.J. Simpson). Is James A. Donald Satoshi Nakamoto? After reading The Mysterious Mr. Nakamoto, I added another suspect to my short list: James A. Donald. Satoshi Nakamoto used the rare term "hosed" a few times. Donald did so twice.  Furthermore, Donald was the first person to respond to Satoshi Nakamoto's original Bitcoin post, albeit in a critical way. He has various other attributes that Satoshi Nakamoto shares (read the book to see them all).  However, Donald is rough around the edges, whereas Satoshi Nakamoto was silky smooth, polite, and unoffensive. Again, James A. Donald is no slam dunk candidate. Nobody is. Hence, the mystery endures.  The only negative aspect about this book is that it may provide too much detail for the casual reader with limited interest in this mystery. If you're just looking for the answer, I'll tell you now: we do not know who Satoshi Nakamoto is.  For Satoshi sleuths, there is no better resource than The Mysterious Mr. Nakamoto: A Fifteen-Year Quest to Unmask the Secret Genius Behind Crypto. It delves deeper and wider than any video, article, or book about the identity of Satoshi Nakamoto. Believe me, I've gone down that rabbit hole. Why should we care who Satoshi Nakamoto is? Many argue we don't need to know who Satoshi Nakamoto is because: Knowing his identity could taint the "immaculate conception" of Bitcoin because we might learn that Satoshi Nakamoto was an asshole. We should respect Satoshi Nakamoto's right to privacy. He obviously wanted to be pseudonymous, so let him be. If Satoshi Nakamoto is alive, it would imbue him with too much power, especially over the Bitcoin protocol.  I strongly disagree with this lack of curiosity. Why? There's a chance that in the 25th century, historians will consider Bitcoin one of the top 10 inventions of all time. I'm not saying that Bitcoin will be around in the 25th century, but something like it will exist and be the global currency, and historians will link its existence to Bitcoin. In 2001, Arthur C. Clarke predicted that by 2016, "All existing currencies are abolished. A universal currency is adopted based on the 'megawatt hour.'" Eight years before Clarke's prediction, Bitcoin was created. Although Clarke was wrong about other currencies being abolished,  Bitcoin's value is loosely correlated with its energy consumption. I explain why Bitcoin is worth anything. Consider the Top 10 Inventions and Their Inventors Imagine if we didn't know who these inventors were: The Printing Press - Johannes Gutenberg (c. 1440): This invention revolutionized communication, allowing for the mass production of books and the widespread dissemination of knowledge, leading to the Renaissance and the Scientific Revolution. The Electric Light Bulb - Thomas Edison (1879): While others experimented with electric lighting, Edison created a practical, long-lasting, and commercially viable incandescent light bulb, which transformed society by extending the day and enabling new industries. The Telephone - Alexander Graham Bell (1876): The telephone revolutionized long-distance communication, enabling people to speak to each other across vast distances in real time. The Steam Engine - James Watt (1778): Watt's improvements to earlier steam engines significantly increased their efficiency, powering the Industrial Revolution and leading to the mechanization of factories, transportation, and other industries. The Automobile - Karl Benz (1885): Benz is credited with creating the first practical automobile powered by an internal combustion engine, ushering in the age of personal transportation and reshaping urban and rural life. Alternating Current (AC) Electrical System - Nikola Tesla (late 1880s): While Edison championed direct current (DC), Tesla's work on AC made it possible to transmit electricity over long distances, laying the groundwork for modern electrical grids. The Airplane - Orville and Wilbur Wright (1903): The Wright brothers achieved the first successful controlled, powered flight of a heavier-than-air aircraft, fundamentally changing travel, commerce, and warfare. Penicillin - Alexander Fleming (1928): Fleming's discovery of the first antibiotic revolutionized medicine by providing a cure for many bacterial infections, saving millions of lives. The Internet / World Wide Web - Vint Cerf and Bob Kahn (Internet, 1970s) & Tim Berners-Lee (World Wide Web, 1989): These inventions created a global network of information and communication, transforming almost every aspect of modern society, from business and education to personal life. The Computer - Charles Babbage (early 19th century): Babbage's designs for the "Analytical Engine" laid the theoretical groundwork for modern computers. Later, inventors like John Atanasoff, Alan Turing, and others developed the first electronic and programmable computers. Imagine if we had no clue who invented penicillin or the telephone. Wouldn't historians do their best to figure that out, especially since they were recent and impactful inventions? Would you just shrug your shoulders and say, "Who cares? My telephone works." Sure, many wouldn't give a shit. However, for other, more curious minds, we'd like to know.  Major Inventions with Unknown Inventors Here are four major inventions whose creator is a mystery: The Wheel: The invention of the wheel is one of the most important technological advancements in human history, enabling transportation and mechanization. Archaeological evidence suggests it originated in Mesopotamia around 3500 BC, but there is no record of who first conceived of it. The challenge wasn't just creating the wheel itself, but also the wheel-and-axle system, which required precise engineering. Writing: The development of writing systems enabled the permanent storage and transmission of information, transforming human society. The earliest known writing system, cuneiform, emerged in Sumer (ancient Mesopotamia) around 3400 BC. However, like the wheel, it was likely the result of a gradual process of development by many different people, not the work of a single inventor. Fire making: Some person probably rubbed two sticks together, and the rest is history. Since we can't know who that individual was, it would still be fascinating to know where it started and if it was developed in more than one place independently, like Calculus.  Bitcoin: Yeah, it's a major invention. It's been the best-performing asset since 2010, it's worth more than any company, and Satoshi Nakamoto is the wealthiest person ever. It has sparked a multi-trillion-dollar industry in just 15 years. So, yes, it's important, and yet we don't know who created it. Verdict: 10 out of 10 stars! Admittedly, I'm a Bitcoin fan who has produced many videos and articles about the first cryptocurrency, so I'm biased. Still, if you love a perplexing mystery, you will love trying to solve this one. The good news is that we haven't solved it yet.  My Satoshi Nakamoto Fantasy There's a good chance that Satoshi Nakamoto is around my age. If so, he also has a 30-year life expectancy.  I hope that in 2050, a video appears on the Internet that shows an old man who says, "I am Satoshi Nakamoto. To prove it, I will do what no Satoshi pretender has been able to do: move the 'Satoshi' coins that have been dormant since I mined them in 2009." He records himself and his computer screen, and with a few clicks and keyboard taps, the transactions get broadcast onto the Bitcoin blockchain for all to see.    Next, he says, "I am donating my one million bitcoins to the Bitcoin Core for ongoing maintenance and to the following charities." Or perhaps he'll use the one million Bitcoins to create a Bitcoin node on the Moon. Or perhaps he will "burn" his Bitcoin, reducing the total BTC supply to 20 million coins, not 21 million. Regardless, I hope Nakamoto will finally unmask himself, just like Mark Felt (aka Deep Throat) did when he was 91 (he died at 95).  Yeah, this fantasy is unlikely, but we can dream, can't we? Connect Send me an anonymous voicemail at SpeakPipe.com/FTapon You can post comments, ask questions, and sign up for my newsletter at https://wanderlearn.com. If you like this podcast, subscribe and share!  On social media, my username is always FTapon. Connect with me on: Facebook Twitter YouTube Instagram TikTok LinkedIn Pinterest Tumblr   Sponsors 1. My Patrons sponsored this show! Claim your monthly reward by becoming a patron for as little as $2/month at https://Patreon.com/FTapon 2. For the best travel credit card, get one of the Chase Sapphire cards and get 75-100k bonus miles! 3. Get $5 when you sign up for Roamless, my favorite global eSIM with its unlimited hotspot & data that never expires! Use code LR32K 4. 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Adam Back joins the show live from Helsinki, immediately after the BTC HEL 2025 conference. We cover numerous topics including the Core vs Knots debate, what's going on in Blockstream, and Adam's take on investing in Bitcoin Treasury Companies.  Connect with Adam: https://x.com/adam3us  Connect with Us: https://www.bitcoininfinityshow.com/  https://bitcoininfinitystore.com  https://primal.net/infinity  https://primal.net/knut  https://primal.net/luke  https://twitter.com/BtcInfinityShow  https://twitter.com/knutsvanholm  https://twitter.com/lukedewolf  Join the Bitcoin Infinity Academy at our Geyser page: https://geyser.fund/project/infinity  You can also support us by sending some sats to our Alby Hub at bitcoininfinity@getalby.com  Thanks to our sponsors - check out their websites for info: BitVault: https://bitvault.sv/ - Use Code INFINITY for 10% off!  BitBox: https://bitbox.swiss/infinity - Use Code INFINITY for 5% off!  Bitcoin Adviser: https://content.thebitcoinadviser.com/freedom  ShopInBit: https://shopinbit.com/bitcoininfinity - Use code INFINITY for a €5 discount!  The Bitcoin Infinity Show is a Bitcoin podcast hosted by Knut Svanholm and Luke de Wolf.

Michael Tidwell is the organizer of Tabconf, the longest running Bitcoin technical conference which takes place every year in Atlanta. In this episode, we talk about Bitcoin drama & use a fun roulette game to figure out who's guilty of it. Time stamps: 00:01:09 - Welcome and episode gimmick intro 00:01:30 - Sponsors shoutout 00:01:36 - Bitcoin drama discussion starts 00:03:38 - Bitcoin Core vs Knots debate 00:04:28 - Wheel spin: Blame the plebs 00:06:52 - Egg pick: Solution is "use tabs" 00:07:56 - Adam Back's "use tabs" context from 2017 00:09:09 - Paul Sztorc's role and personality 00:10:52 - Defining "pleb" in Bitcoin culture 00:13:42 - Hodlonaut story and Lightning Torch 00:16:32 - Roger Ver interview drama 00:18:43 - Hijacking Bitcoin book discussion 00:22:58 - Layer 2 Labs sponsor plug and drivechains 00:25:14 - Citrea ZK rollup explanation 00:27:48 - Liquid federation vs true sidechains 00:32:39 - Core vs Knots diffs and risks 00:33:52 - Peter Todd's OP_RETURN proposal 00:34:56 - CSAM fears and cultural debates 00:38:05 - Illicit content already on chain 00:40:54 - Multiple Bitcoin implementations history 00:44:03 - Libbitcoin rewrite and optimizations 00:44:37 - Bitcoin Cash fork and implementations 00:46:42 - Potential hard fork predictions 01:46:05 - MEV in Bitcoin via game example 01:47:57 - Drivechains delay: Blame the spooks 01:50:27 - Solution: Hard fork 01:51:59 - Drivechains on Litecoin pros/cons 01:55:01 - Litecoin as testbed for Bitcoin tech 01:57:59 - Stablecoins on Bitcoin layers 02:00:16 - Lightning Network limitations meme 02:01:35 - Lightning critique and distractions 02:04:49 - Lightning wheel spin: Blame Jack Dorsey 02:07:34 - Solution: Listen to Bitcoin Takeover 02:08:28 - Too many Bitcoin conferences issue 02:10:45 - Early Bitcoin conferences like San Jose 2013 02:13:00 - Craig Wright blame: Roger Ver 02:17:08 - Solution: Sell all your Bitcoin 02:18:24 - Reasons to sell all Bitcoin 02:19:47 - BSV community and Craig Wright claims 02:23:28 - Mental health in Bitcoin and seeking clarity 02:27:23 - Bitcoin's robustness to issues 02:31:26 - Advice for newcomers on understanding Bitcoin 02:32:41 - TabConf plug and history books 02:35:05 - Fortune-telling wrap-up and farewell

In this episode, I chat with Trace Mayer, early Bitcoin investor and the mind behind the Seven Network Effects, about monetary sovereignty and the ideas that shaped Bitcoin culture. We dive into his rabbit-hole journey from gold to Bitcoin, debates from the block size wars, why “proof of keys” still matters, and how time preference and family tie into sound money. If you want a masterclass in first-principles Bitcoin thinking with historical and philosophical depth, this episode is for you. Support My Work Paypal: https://www.paypal.biz/BitcoinMatrix Strike/Bitcoin: BitcoinMatrix@strike.me Cash App: https://cash.app/$BitcoinMatrix Venmo: https://venmo.com/u/bitcoinmatrix PO Box: The Bitcoin Matrix, P.O. Box 18056, Sarasota, FL 34231 ––– Offers & Discounts ––– Theya is the world's simplest Bitcoin self-custody solution. Download Theya Now at theya.us/cedric Get up to $100 in Bitcoin on River at river.com/matrix The best Team Bitcoin merch is at HodlersOfficial.com. Use the code Matrix for a discount on your order. Become a sponsor of the show: https://thebitcoinmatrix.com/sponsors/ ––– Get To Know Today's Guest ––– • Trace Mayer on X: https://x.com/TraceMayer ––– Socials ––– • Check out our new website at https://TheBitcoinMatrix.Com • Follow Cedric Youngelman on X: https://x.com/cedyoungelman • Follow The Bitcoin Matrix Podcast on X: https://x.com/_bitcoinmatrix • Follow Cedric Youngelman on Nostr: npub12tq9jxmt707gd5vnce3tqllpm67ktr0mqskcvy58qqa4d074pz9s4ukdcs ––– Chapters ––– 00:00 - Intro 01:18 - Trace's rabbit-hole origins 04:00 - Digital gold currencies & early “sound money” online  11:24 - Austrian deep dive: Mises, Rothbard & building a “proof-of-work” mind  13:31 - When the dots clicked: entering Bitcoin as a monetary-sovereignty maxi  18:21 - Bitcoin at 25¢: early evangelism, Keiser/Schiff, Ron Paul trail  21:10 - “Tangible, not corporeal”: precious numbers vs precious atoms  28:18 - Stock-to-flow & Bitcoin's hardness argument (early public mentions)  32:01 - Money & family: time preference, children, and society's horizon  38:45 - Nations, gold repricing, and why the U.S. advantage may persist  43:20 - Inside the Blocksize Wars: uncertainty, secession & antifragility  55:09 - Is Bitcoin a store of value? 58:29 - Proof of Keys: origin story, purpose & January 3rd culture  1:00:56 - The Seven Network Effects 1:05:01 - Global adoption, tax code, and Bitcoin's persistence 1:07:12 - “Bitcoin changes you” & personal sacrifices 1:20:47 - Lessons from WWII & proof of work in life 1:22:05 - Closing thoughts I want to take a moment to express my heartfelt gratitude to all of you for tuning in, supporting the show, and contributing. Thank you for listening! The information in all The Bitcoin Matrix Podcast episodes and content is based on hypothetical assumptions and is intended for illustrative purposes only. PAST PERFORMANCE DOES NOT GUARANTEE FUTURE RESULTS. This video is provided for entertainment purposes only. The information contained herein represents temporary, changing views and subjective impressions and opinions regarding the inherently uncertain and unpredictable issues discussed. The reader, user, and/or viewer must not assume that these contents are accurate, complete, timely, or up to date. Market conditions change rapidly and unpredictably. Nothing herein should be interpreted as any kind of offer, solicitation, commitment, promise, warranty, or guarantee whatsoever relating to any of the contents of these videos. INFORMATION PROVIDED BY THE BITCOIN MATRIX PODCAST IS PROVIDED “AS IS” WITHOUT WARRANTY OF ANY KIND, EITHER EXPRESSED OR IMPLIED, INCLUDING BUT NOT LIMITED TO THE IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE AND FREEDOM FROM INFRINGEMENT. The viewer of this video assumes the entire risk of any acting on any information contained herein. No representation is made that any regulatory authority has passed on the merits, adequacy or accuracy of this information. The viewer assumes all liability.

Yonatan Sompolinsky is an academic in the field of computer science, best known for his work on the GHOST protocol (Greedy Heaviest Observed Subtree, which was cited in the Ethereum whitepaper) and the way he applied his research to create Kaspa. In this episode, we talk about scaling Proof of Work and why Kaspa might be a worthy contender to process global payments. –––––––––––––––––––––––––––––––––––– Time stamps: 00:01:22 - Debunking rumors: Why some think Yonatan is Satoshi Nakamoto 00:02:52 - Candidates for Satoshi: Charles Hoskinson, Charlie Lee, Zooko, and Alex Chepurnoy 00:03:41 - Alex Chepurnoy as a Satoshi-like figure 00:04:07 - Kaspa overview: DAG structure, no orphaned blocks, generalization of Bitcoin 00:04:55 - Similarities between Kaspa and Bitcoin fundamentals 00:06:12 - Why Kaspa couldn't be built directly on Bitcoin 00:08:05 - Kaspa as generalization of Nakamoto consensus 00:11:55 - Origins of GHOST protocol and early DAG concepts for Bitcoin scaling 00:13:16 - Academic motivation for GHOST and transitioning to computer science 00:13:50 - Turtle pet named Bitcoin 00:15:22 - Increasing block rate in Bitcoin and GHOST protocol 00:16:57 - Meeting Gregory Maxwell and discovering GHOST flaws 00:20:00 - Yonatan's views on drivechains and Bitcoin maximalism 00:20:36 - Defining Bitcoin maximalism: Capital B vs lowercase b 00:23:18 - Satoshi's support for Namecoin and merged mining 00:24:12 - Bitcoin culture in 2013-2018: Opposing other functionalities 00:26:01 - Vitalik's 2014 article on Bitcoin maximalism 00:26:13 - Andrew Poelstra's opposition to other assets on Bitcoin 00:26:38 - Bitcoin culture: Distaste for DeFi, criticism of Ethereum as a scam 00:28:03 - Bitcoin Cash developments: Cash tokens, cash fusion, contracts 00:28:39 - Rejection of Ethereum in Bitcoin circles 00:30:18 - Ethereum's successful PoS transition despite critics 00:35:04 - Ethereum's innovation: From Plasma to ZK rollups, nurturing development 00:37:04 - Stacks protocol and criticism from Luke Dashjr 00:39:02 - Bitcoin culture justifying technical limitations 00:41:01 - Declining Bitcoin adoption as money, rise of altcoins for payments 00:43:02 - Kaspa's aspirations: Merging sound money with DeFi, beyond just payments 00:43:56 - Possibility of tokenized Bitcoin on Kaspa 00:46:30 - Native currency advantage and friction in bridges 00:48:49 - WBTC on Ethereum scale vs Bitcoin L2s 00:53:33 - Quotes: Richard Dawkins on atheism, Milton Friedman on Yap Island money 00:55:44 - Story of Kaspa's messy fair launch in 2021 01:14:08 - Tech demo of Kaspa wallet experience 01:28:45 - Kaspa confirmation times & transaction fees 01:43:26 - GHOST DAG visualizer 01:44:10 - Mining Kaspa 01:55:48 - Data pruning in Kaspa, DAG vs MimbleWimble 02:01:40 - Grin & the fairest launch 02:12:21 - Zcash scaling & ZKP OP code in Kaspa 02:19:50 - Jameson Lopp, cold storage & self custody elitism 02:35:08 - Social recovery 02:41:00 - Amir Taaki, DarkFi & DAO 02:53:10 - Nick Szabo's God Protocols 03:00:00 - Layer twos on Kaspa for DeFi 03:13:09 - How Kaspa's DeFi will resemble Solana 03:24:03 - Centralized exchanges vs DeFi 03:32:05 - The importance of community projects 03:37:00 - DAG KNIGHT and its resilience 03:51:00 - DAG KNIGHT tradeoffs 03:58:18 - Blockchain vs DAG, the bottleneck for Kaspa 04:03:00 - 100 blocks per second? 04:11:43 - Question from Quai's Dr. K 04:17:03 - Doesn't Kaspa require super fast internet? 04:23:10 - Are ASIC miners desirable? 04:33:53 - Why Proof of Work matters 04:35:55 - A short history of Bitcoin mining 04:44:00 - DAG's sequencing 04:49:09 - Phantom GHOST DAG 04:52:47 - Why Kaspa had high inflation initially 04:55:10 - Selfish mining 05:03:00 - K Heavy Hash & other community questions 06:33:20 - Latency settings in DAG KNIGHT for security 06:36:52 - Aviv Zohar's involvement in Kaspa research 06:38:07 - World priced in Kaspa after hyperinflation 06:39:51 - Kaspa's fate intertwined with crypto 06:40:29 - Kaspa contracts vs Solana, why better for banks 06:42:53 - Cohesive developer experience in Kaspa like Solana 06:45:22 - Incorporating ZK design in Kaspa smart contracts 06:47:22 - Heroes: Garry Kasparov 06:48:12 - Shift in attitude from academics like Hoskinson, Buterin, Back 06:53:07 - Adam Back's criticism of Kaspa 06:55:57 - Michael Jordan and LeBron analogy for Bitcoiners' mindset 06:58:02 - Can Kaspa flip Bitcoin in market cap 07:00:34 - Gold and USD market cap comparison 07:06:06 - Collaboration with Kai team 07:10:37 - Community improvement: More context on crypto 07:13:43 - Theoretical maximum TPS for Kaspa 07:16:05 - Full ZK on L1 improvements 07:17:45 - Atomic composability and logic zones in Kaspa 07:23:12 - Sparkle and monolithic UX feel 07:26:00 - Wrapping up: Beating podcast length record, final thoughts on Bitcoin and Kaspa 07:27:31 - Why Yonatan called a scammer despite explanations 07:32:29 - Luke Dashjr's views and disconnect 07:33:01 - Hope for Bitcoin scaling and revolution

#Bitcoin #Davani #TheDavaniShow #KeyvanDavani #BringinPrashanth Chandrashekar, CEO of bringin.xyz, joins Davani for a conversation on one of the most reliable, smoothest, easiest, & userfriendly tool for spending, selling, buying, & converting Bitcoin instantly. Simply try it out with my affiliate link & save 25% on transaction-fees for the first three months: https://spend.bringin.xyz/signup?affiliate=davaniLike, share, follow, & subscribe! Thanks for your support!Links & Website: https://x.com/bringinxyzhttps://bringin.xyz/✅ Subscribe to the channel

// GUEST //X: https://x.com/sthencCastle X: https://x.com/savewithcastleCastle Website: https://savewithcastle.com/ // SPONSORS //iCoin: https://icointechnology.com/breedloveCowbolt: https://cowbolt.com/Heart and Soil Supplements (use discount code BREEDLOVE): https://heartandsoil.co/Blockware Solutions: https://mining.blockwaresolutions.com/breedloveIn Wolf's Clothing: https://wolfnyc.com/Onramp: https://onrampbitcoin.com/?grsf=breedloveMindlab Pro: https://www.mindlabpro.com/breedloveCoinbits: https://coinbits.app/breedloveThe Farm at Okefenokee: https://okefarm.com/Orange Pill App: https://www.orangepillapp.com/ // PRODUCTS I ENDORSE //Protect your mobile phone from SIM swap attacks: https://www.efani.com/breedloveLineage Provisions (use discount code BREEDLOVE): https://lineageprovisions.com/?ref=breedlove_22Colorado Craft Beef (use discount code BREEDLOVE): https://coloradocraftbeef.com/Salt of the Earth Electrolytes: http://drinksote.com/breedloveJawzrsize (code RobertBreedlove for 20% off): https://jawzrsize.com // SUBSCRIBE TO THE CLIPS CHANNEL //https://www.youtube.com/@robertbreedloveclips2996/videos // TIMESTAMPS //0:00 – WiM Episode Trailer1:21 – Stephen's Background in Silicon Valley12:11 – Discovering Bitcoin in 201316:06 – Adam Back vs Gavin Andresen: The Blocksize Wars27:51 – iCoin Bitcoin Wallet29:20 – Cowbolt: Settle in Bitcoin30:35 – Should Bitcoin's Blocksize Ever Increase?33:28 – Altcoin Distractions: Litecoin & XRP35:59 – Going All In on Bitcoin42:31 – Elon Musk and Bitcoin45:13 – Working in Bitcoin & Angel Investing54:54 – Heart and Soil Supplements55:54 – Mine Bitcoin with Blockware Solutions57:20 – How to Handle Bitcoin's Volatility1:00:36 – Building and Investing in Bitcoin Startups1:04:47 – Castle: Bitcoin for Small Business1:14:26 – Helping Lightning Startups with In Wolf's Clothing1:15:18 – Onramp Bitcoin Custody1:17:15 – Using Bitcoin as a Hurdle Rate for Startup Investing1:24:01 – Will Bitcoin Treasury Companies Blow Up?1:30:38 – Are Bitcoin Treasuries the New Altcoins?1:35:28 – Mind Lab Pro Supplements1:36:38 – Buy Bitcoin with Coinbits1:38:06 – Bitcoin Core vs Knots1:45:48 – State Adoption of Bitcoin1:54:15 – The Farm at Okefenokee1:55:25 – Orange Pill App1:55:50 – Bitcoin Is the Unity of Opposites2:03:57 – The Growth of Bitcoin Treasury Companies2:15:53 – How to Connect with Castle & Stephen Cole // PODCAST //Podcast Website: https://whatismoneypodcast.com/Apple Podcast: https://podcasts.apple.com/us/podcast/the-what-is-money-show/id1541404400Spotify: https://open.spotify.com/show/25LPvm8EewBGyfQQ1abIsERSS Feed: https://feeds.simplecast.com/MLdpYXYI // SUPPORT THIS CHANNEL //Bitcoin: 3D1gfxKZKMtfWaD1bkwiR6JsDzu6e9bZQ7Sats via Strike: https://strike.me/breedlove22Dollars via Paypal: https://www.paypal.com/paypalme/RBreedloveDollars via Venmo: https://account.venmo.com/u/Robert-Breedlove-2 // SOCIAL //Breedlove X: https://x.com/Breedlove22WiM? X: https://x.com/WhatisMoneyShowLinkedin: https://www.linkedin.com/in/breedlove22/Instagram: https://www.instagram.com/breedlove_22/TikTok: https://www.tiktok.com/@breedlove22Substack: https://breedlove22.substack.com/All My Current Work: https://linktr.ee/robertbreedlove

When a major nation state announces plans to buy 1M Bitcoin, the market won't have time. This is your urgent warning for the next massive price move.Follow Adam on X:https://x.com/adam3usCheck out Blockstream here:https://blockstream.comPlease Like, Share, and Subscribe to my channel!

Blockstream chief executive Adam Back makes a huge Bitcoin prediction, confirming Hal Finney was right that the Bitcoin price will reach $10,000,000 per BTC along with a $200 trillion market cap. “A sustainable and scalable $100-$200 trillion trade front-running hyperbitcoinization. Scalable enough for most big listed companies to move to BTC treasury.” Learn more about your ad choices. Visit megaphone.fm/adchoices

NLW returns with a jam-packed Friday Five (or Friday 500) to break down the biggest crypto week of the summer. The Genius and Clarity Acts both pass the House with overwhelming bipartisan support—marking the first major crypto legislation on its way to becoming law. Trump floats a retirement-focused crypto investment EO, while the total crypto market cap tops $4 trillion and Ethereum ETFs begin to shine. Meanwhile, a dormant Bitcoin whale awakens, moving billions, raising speculation about Roger Ver or Adam Back. Plus: the U.S. Marshals' BTC holdings spark FOIA drama, and Trump fires up the Fed chaos machine with Powell threats. A defining week in crypto's march to legitimacy. Enjoying this content? SUBSCRIBE to the Podcast: https://pod.link/1438693620 Watch on YouTube: https://www.youtube.com/@TheBreakdownBW Subscribe to the newsletter: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://blockworks.co/newsletter/thebreakdown⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Join the discussion: https://discord.gg/VrKRrfKCz8 Follow on Twitter: NLW: https://twitter.com/nlw Breakdown: https://twitter.com/BreakdownBW

NLW breaks down the dramatic twists of Crypto Week on Capitol Hill, where GOP infighting brought legislative progress to a near halt. From Trump's Oval Office intervention to the 7-hour procedural vote—the longest in House history—he unpacks the fragile deal to move the anti-CBDC bill forward. Also in this episode: the mysterious movement of $4.6B in ancient Bitcoin, speculation around Adam Back's treasury strategy, a $100M Coin Metrics acquisition, and signs of retail returning as Ethereum and altcoins stir to life. Enjoying this content? SUBSCRIBE to the Podcast: https://pod.link/1438693620 Watch on YouTube: https://www.youtube.com/@TheBreakdownBW Subscribe to the newsletter: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://blockworks.co/newsletter/thebreakdown⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Join the discussion: https://discord.gg/VrKRrfKCz8 Follow on Twitter: NLW: https://twitter.com/nlw Breakdown: https://twitter.com/BreakdownBW

- open: https://primal.net/e/nevent1qqsf4w3w7gt0equdq9mmv6gysntzk3yysdaduus52fvjm4fjuypzatgep6q4q- trump to fire fed chair powell? https://www.cnn.com/2025/07/16/politics/jerome-powell-donald-trump-firing- UK 30 year debt hits 5.5% https://x.com/atlaspulse/status/1945764226296873310?s=61https://x.com/atlaspulse/status/1945764226296873310?s=61- dollar's worst year since 1986 https://x.com/tftc21/status/1945849218351890660- BTC Held By The US Marshal Service https://www.therage.co/btc-held-by-the-us-marshal-service/- Senator Warren speaking nonsense https://x.com/WatcherGuru/status/1945667844219277644- Cantor $5B Bitcoin Treasury SPAC with Adam Back https://www.businesswire.com/news/home/20250717734598/en/Bitcoin-Standard-Treasury-Company-to-go-Public-Through-Business-Combination-with-Cantor-Equity-Partners-I-Inc.- Brazil | $100M PIX Payment System HackFinancialFreedomReport.org- maple ai max https://blog.trymaple.ai/meet-maple-ai-max-the-most-powerful-private-ai-plan-yet/ - bitchat to add cashu wallet https://primal.net/e/nevent1qqs0lzk99pcy67vhgfks336fm8z4mv34hj7w4g4j9t40qea0e58hckq6mspze- white noise v0.1.2 https://primal.net/e/nevent1qqs9k8j50vwn9euc9nwvmw9ungflyuevz968j0g9rzea4v20f9skx5cslgaah- new nostr bot https://primal.net/e/nevent1qqs8k8cwgy3cxnrv05sawrkkyq32h23s0hfy7jzf87sm0ddg2jnhyrq7c2zxm- vertex v2 https://primal.net/e/nevent1qqsgqjmt6rwlf33c2lzy6fyeqjknacmgk70tdfapnmd9slqpfpyflmct6dpng- xAI launches grok sex bot and announces DoD contract https://www.ai.mil/Latest/News-Press/PR-View/Article/4242822/cdao-announces-partnerships-with-frontier-ai-companies-to-address-national-secu/0:00 - Intro2:35 - Paper Bitcoin Summer10:04 - Coldplay affair12:15 - Dashboard16:45 - Trump firing Powell?29:39 - UK gilt market39:02 - Dollar's worst year41:14 - BTC held by US Marshals46:50 - Grok Waifu1:00:22 - Liz Warren1:19:06 - BSTR1:29:32 - CLARITY Act passes1:31:35 - HRF Story of the Week1:39:44 - Trezor quantum1:43:45 - Lummis bullying Powell & Boosts1:46:14 - GENIUS Act passes1:48:52 - Software updates2:02:36 - xAI defence contract2:04:19 - Cloud seedingShoutout to our sponsors:Coinkitehttps://coinkite.com/Bitkeyhttps://bitkey.world/Stakworkhttps://stakwork.ai/Follow Marty Bent:Twitterhttps://twitter.com/martybentNostrhttps://primal.net/martyNewsletterhttps://tftc.io/martys-bent/Podcasthttps://tftc.io/podcasts/Follow Odell:Nostrhttps://primal.net/odellNewsletterhttps://discreetlog.com/Podcasthttps://citadeldispatch.com/

Blockchain DXB Podcast

Welcome to another AI Takeover Series episode of Blockchain DXB Podcast – created 100% using Notebook LM by Google. Let's break down this week's big moves in Bitcoin and crypto, completely through AI analysis.

Bitcoin, bir paradokslar yumağıdır. Dijital ama kıt, her yerde ve hiçbir yerde, sürekli değişiyor ama değişmez. İçeriklerimizde, Bitcoin'in sadece kriptografiden ibaret olmadığını görüyoruz. Bilgi güçtür felsefesiyle bağlantılı olarak, Bitcoin'in kelimenin tam anlamıyla bilgi olduğunu ve 12 sihirli kelimenin bu gücün anahtarı olduğunu öğreniyoruz. Bacon kelimesinin 24 kez tekrarının bile geçerli bir cüzdan olması bunu gösterir. Ancak bu kelimelerin rastgele olması ve gizli tutulması hayati önem taşır.Bitcoin, geleneksel paranın temel sorunu olan güven sorununu çözmek için tasarlandı. Güvenilir üçüncü taraflar güvenlik açıklarına yol açar. Bitcoin, otorite yerine gerçekliğe dayanarak meşruiyet yaratır. Otorite değil, gerçeklik meşruiyet yaratır.Bitcoin'in gücü ve bütünlüğü, kriptografiden fazlasına dayanır. İş İspatı (Proof of Work), Bitcoin'in temel yapı taşlarından biridir. Adam Back tarafından icat edilen bu konsept, enerji gerektiren ve kendiliğinden aşikar olan bir süreçtir. İş İspatı, taklit edilemez bir tarih yaratır ve dijital kıtlığı mümkün kılar. Zorluğa göre ayarlanmış iş ispatı, güvenilir üçüncü taraflara veya gizliliğe dayanmadan bütünlük sağlar. Veri bütünlüğü, özel anahtarlar olmadan İş İspatı sayesinde mümkündür. Doğrulama için gereken her şey herkese açıktır.Bitcoin, 12 kelime (özel anahtarlar) ve 21 milyon (genel defter) gibi zıtlıkları bir araya getirir; bunlar aynı madalyonun iki yüzüdür. Her 10 dakikada bir, gerçeklik kendini gösterir ve tarih pekişir. Bitcoin'in sabit blok süresi (~10 dakika), sistemin tek sabitidir. Bitcoin'i anlamak, bu derin ve çoğu zaman sezgiye aykırı kavramları kavramayı gerektirir. Holding Bitcoin, 12 kelimeyi aklınızda tutmaktan ibarettir, bu yüzden onu yasaklamak düşünce suçuna benzer. Bitcoin'in ahlaki kodu basittir: çalmayacaksın.Kaynak

In a new interview Bitcoin OG and Blockstream founder Adam Back says, "$100,000 is way too cheap" and that Bitcoin gets between "$500,000 and $1 Million during this cycle."  Learn more about your ad choices. Visit megaphone.fm/adchoices

Bitcoin liegt bei rund 105.400 USD, der Kryptomarkt zeigt sich insgesamt verhalten. Das Handelsvolumen bleibt niedrig, Open Interest stagniert. Trotz Wal-Akkumulation fehlt es an Kaufdynamik. Das ist natürlich nicht unerwartet bei der aktuellen politischen Lage. Der Stablecoin-Markt wächst weiter, während DeFi und NFTs kaum Bewegung zeigen. Die Stimmung ist vorsichtig, aber nicht panisch.

Blockstream CEO Adam Back believes Bitcoin could achieve the $1 million target way before Wall Street accumulates 10% of the crypto. He suggested that even a widespread 2% allocation across major asset managers like BlackRock would be enough to push Bitcoin's price to $1,000,000 per BTC. Learn more about your ad choices. Visit megaphone.fm/adchoices

Is Bitcoin still the decentralized money movement it set out to be — or has it been co-opted by politics and institutions? In this week's Byte-Sized Insight, Gareth Jenkinson travels to Las Vegas for Bitcoin 2025, where political figures, Bitcoin treasury companies, and institutional giants shared the stage. Featuring interviews with Metaplanet's Dylan LeClair, Twenty One's Jack Mallers and legendary cryptographer Adam Back, we explore the rise of Bitcoin-native public companies, the implications of mainstream political embrace, and what this all means for the future of BTC.(00:46) Cointelegraph heads to Bitcoin 2025 (01:32) The rise of Bitcoin treasury companies (04:56) Metaplanet on the risks of Bitcoin treasury companies (06:50) Jack Maller on the rise of institutional and political Bitcoin (09:11) The evolution of Bitcoin's use cases(11:23) Adam Back on the future of Bitcoin(14:01) Institutions vs individuals, who really owns Bitcoin now?This episode was hosted by Gareth Jenkinson and produced by Gareth Jenkinson and Savannah Fortis, @savannah_fortis.Follow Cointelegraph on X @Cointelegraph.Check out Cointelegraph at cointelegraph.com.If you like what you heard, rate us and leave a review!The views, thoughts and opinions expressed in this podcast are its participants' alone and do not necessarily reflect or represent the views and opinions of Cointelegraph. This podcast (and any related content) is for entertainment purposes only and does not constitute financial advice, nor should it be taken as such. Everyone must do their own research and make their own decisions. The podcast's participants may or may not own any of the assets mentioned.

At Bitcoin 2025, Blockstream CEO Adam Back outlines the roadmap to scale Bitcoin 10x to $1,000,000 per coin, and from 100 million to 1 billion users, unveiling infrastructure updates and a laser focus on self-custody. Learn more about your ad choices. Visit megaphone.fm/adchoices

Marty sits down with Adam Back (CEO of Blockstream) and Sean Bill (CIO at Blockstream) to discuss institutional Bitcoin adoption, the evolution from cypherpunk ideals to financial infrastructure, pension fund investment strategies, the emergence of Bitcoin-collateralized lending products, and the development of second-layer solutions like Lightning Network and Liquid that are building the foundation for a Bitcoin-native banking system. Adam Back on Twitter: https://x.com/adam3us Sean Bill on Twitter: https://x.com/macrocrunch Blockstream: https://blockstream.com/ STACK SATS hat: https://tftcmerch.io/ Our newsletter: https://www.tftc.io/bitcoin-brief/ TFTC Elite (Ad-free & Discord): https://www.tftc.io/#/portal/signup/ Discord: https://discord.gg/VJ2dABShBz Shoutout to our sponsors: Coinkite https://coinkite.com Unchained https://unchained.com/tftc/ Join the TFTC Movement: Main YT Channel https://www.youtube.com/c/TFTC21/videos Clips YT Channel https://www.youtube.com/channel/UCUQcW3jxfQfEUS8kqR5pJtQ Website https://tftc.io/ Newsletter tftc.io/bitcoin-brief/ Twitter https://twitter.com/tftc21 Instagram https://www.instagram.com/tftc.io/ Nostr https://primal.net/tftc Follow Marty Bent: Twitter https://twitter.com/martybent Nostr https://primal.net/martybent Newsletter https://tftc.io/martys-bent/ Podcast https://www.tftc.io/tag/podcasts/

Bitcoin might still be wildly undervalued—and Adam Back explains why. In this episode, we sit down with Adam Back, CEO of Blockstream, early cypherpunk, and inventor of hashcash, the proof-of-work system that inspired bitcoin mining. Adam shares the story of receiving the first known email from Satoshi Nakamoto, why he didn't buy bitcoin until it hit $100, and how early ideas like b-money and bit gold shaped Satoshi's breakthrough. We explore the importance of a fixed supply, why halvings still move the market, and how doubt keeps bitcoin underpriced. Adam weighs in on treasury adoption, supply shocks, and whether this cycle could break the diminishing returns theory. We also discuss volatility, long-term thinking, and the $100 trillion opportunity bitcoin is unlocking.SUPPORT THE PODCAST:→ Subscribe→ Leave a review→ Share the show with your friends and family→ Send us an email podcast@unchained.com→ Learn more about Unchained: https://unchained.com/?utm_source=youtube&utm_medium=video&utm_campaign=TBF-podcast-description→ Book a free call with a bitcoin expert: https://unchained.com/consultation?utm_source=youtube&utm_medium=video&utm_campaign=TBF-podcast-description→ Read Joe Burnett's new report, Repricing the Economy in Bitcoin: https://www.unchained.com/go/repricing-the-economy-in-bitcoin?utm_campaign=strivereport&utm_medium=podcast&utm_source=tbf&utm_content=youtubeTIMESTAMPS:0:00 - Intro1:00 - Why selling bitcoin is like playing against a rigged casino7:38 - Why Adam didn't buy bitcoin until it hit $10010:11 - Realizing bitcoin had bootstrapped into something real13:35 - The underrated role of Nick Szabo, Wei Dai, and Hal Finney19:24 - Why the 2008 financial crisis was perfect timing for bitcoin22:32 - Is bitcoin drifting from its cypherpunk roots?26:01 - How doubt keeps bitcoin undervalued27:52 - Why $10 million bitcoin is still possible31:19 - Why volatility makes bitcoin hard to sell36:36 - Why halvings still impact the price despite being predictable42:35 - Why this cycle could invalidate the diminishing returns theory46:14 - The global unbanked: a $100 trillion bitcoin market48:12 - The 200-week moving average as a price floor50:10 - Price reflexivity: why people buy because it's going up53:07 - The shrinking tradable supply and why halvings still matterWHERE TO FOLLOW US:→ Unchained X: https://twitter.com/unchained→ Unchained Linkedin: https://www.linkedin.com/company/unchainedcom → Unchained Newsletter: https://unchained.com/newsletter → Joe Burnett's Twitter: https://twitter.com/IIICapital→ Jose Burgos (Director of Media Production) on Twitter: https://x.com/DeFBeD→ Adam Back's Twitter: https://x.com/adam3us

Crypto News: Scott Bessent says stablecoins could create $2 trillion of demand for US Treasurys. He also says we are going big on digital assets. Bitcoin investments surge. Scammers send fake Ledger letters in mail. Show Sponsor -

KeywordsBitcoin, cryptocurrency, blockchain, technology, decentralization, financial freedom, innovation, risks, future, cultureSummaryThis conversation explores the evolution of Bitcoin from its inception to its current state and future potential. The speakers, pioneers in the Bitcoin space, discuss their personal journeys into Bitcoin, the technological advancements that have shaped it, the risks it faces, and the cultural implications of its adoption. They emphasize the importance of maintaining the core values of Bitcoin and the need for continuous innovation and vigilance against complacency.TakeawaysBitcoin was born out of a need for decentralized currency.The early days of Bitcoin were marked by experimentation and innovation.Technological advancements have made Bitcoin more accessible and secure.Risks to Bitcoin include complacency and loss of core values.The future of Bitcoin may involve coexistence with fiat currencies.Cultural adoption of Bitcoin is crucial for its longevity.Bitcoin's game theory is robust and scales with adoption.The addressable market for Bitcoin is vast and growing.Institutional adoption presents both opportunities and challenges.The evolution of Bitcoin will depend on user engagement and innovation.Chapters00:00 Introduction to Bitcoin Pioneers02:08 Early Days of Bitcoin: Personal Journeys04:57 Technological Evolution of Bitcoin07:28 Layer Two Solutions and Their Impact09:42 Risks and Challenges Facing Bitcoin12:39 The Future of Bitcoin: Adoption and Standards15:08 Cultural Implications of Bitcoin's Growth17:27 Institutional Adoption and Market Dynamics20:22 Bitcoin's Role in the Global Economy22:49 Conclusion and Future Outlook

KeywordsBitcoin, Samurai Wallet, legal updates, community support, Bitcoin mining, technology, hackathon, network state, innovationSummaryThe conversation covers a range of topics related to Bitcoin, including legal updates on the Samurai Wallet case, community engagement, reflections on Bitcoin culture, innovations in mining technology, and upcoming projects. The participants emphasize the importance of supporting the Bitcoin community and the need for collaboration through hackathons and other initiatives. They also discuss the state of the Bitcoin network and the significance of historical context in understanding current developments.TakeawaysThe Samurai Wallet case highlights the importance of legal support for Bitcoin projects.Community engagement is crucial for the survival of Bitcoin initiatives.Innovations in Bitcoin mining technology are rapidly evolving.Historical context is essential for understanding Bitcoin's current landscape.Hackathons can foster collaboration and innovation within the Bitcoin community.The state of the Bitcoin network is constantly changing and requires attention.Support for projects like p2prights.org is vital for the community.Events and meetups play a significant role in Bitcoin culture.The conversation emphasizes the need for ongoing education in the Bitcoin space.Participants express a commitment to building and supporting the Bitcoin ecosystem.Chapters00:00 Introduction and Technical Challenges00:39 Legal Developments in the Samurai Wallet Case04:49 Community Support and Implications for Bitcoin08:12 Insights from Adam Back and Bitcoin History12:27 New Initiatives and Information Streams16:51 State of the Bitcoin Network and Market Trends27:37 Building in the Bitcoin Space29:28 Upcoming Hackathons and Community Engagement31:10 Fostering Collaboration and Innovation33:27 The Importance of Community in Bitcoin36:44 Navigating Challenges in the Bitcoin Ecosystem41:26 Project Updates and Future Developments

1. 500K Bitcoin Predictions & Market SentimentThe crew discussed the recent wave of bullish sentiment led by industry voices like Adam Back, Bitfinex analysts, and Vibes Capital. Adam Back predicts $500K–$1M this cycle, while Vibes Capital cites $100B in anticipated corporate treasury demand plus potential U.S. government Bitcoin buys. With consistent ETF inflows, particularly BlackRock's IBIT, and support levels holding near $100K, sentiment is peaking.2. Treasury Demand & Speculative Attack NarrativeMicroStrategy's playbook is now being followed by a growing list of public firms using debt and equity to acquire Bitcoin. The panel emphasized this as a "speculative attack" on fiat—unlocking Bitcoin exposure for capital pools that can't hold spot BTC directly. With more than 500,000 BTC already under corporate control, the race is on.3. Coinbase Hack: $400M FalloutA major hack at Coinbase leaked sensitive customer data (names, addresses, partial SSNs, balances, and IDs). While no private keys were exposed, the breach raised concerns about platform risk. The team praised Coinbase's $20M bounty offer but reiterated the importance of security hygiene and moving to self-custody solutions like Swan Vault.4. Digital Scarcity & FT FiascoFinancial Times drew ire for downplaying Bitcoin's innovation, comparing it to teeth. The panel explained how Bitcoin solved digital scarcity using proof-of-work and decentralized consensus. Lynn Alden's and Pierre Rochard's responses underscored the persistent misunderstanding from legacy media.5. Macroeconomics & Treasury PolicyThe group reviewed new U.S. spending legislation further widening deficits—echoing the "Nothing Stops This Train" meme. Tariff-driven inflation, CPI surprises, and Walmart's price hikes were also covered, with mixed views on future inflation trajectories.6. Global Adoption & Corporate MomentumRecent sovereign and institutional moves included Chinese and Indian firms acquiring BTC, 21.co's big buy, and Abu Dhabi's sovereign fund adding exposure. Meanwhile, Swan's own CIO Ben Workman emphasized the moral and fiduciary pressure mounting on corporate leaders to explore Bitcoin treasuries. Swan Private helps HNWI, companies, trusts, and other entities go beyond legacy finance with BItcoin. Learn more at swan.com/private. Put Bitcoin into your IRA and own your future. Check out swan.com/ira.Swan Vault makes advanced Bitcoin security simple. Learn more at swan.com/vault.

13th May: Blockchain DXB podcast

According to Bitcoin OG Adam Back, Strategy and other Bitcoin treasury firms are some of the earliest bettors on Hyperbitcoinization, which may see Bitcoin's market cap soar to above $200 trillion. Learn more about your ad choices. Visit megaphone.fm/adchoices

A $2.4M Bitcoin price could be incoming as a major central bank is forced to go all in. Join Adam Back, James Check, and Eric Yakes to hear how this could trigger the biggest Bitcoin surge we've ever seen!FOLLOW TODAY'S PANELISTS:https://x.com/adam3ushttps://x.com/_Checkmatey_https://x.com/ericyakesFOLLOW BTC SESSIONS on X/Nostr: x.com/BTCsessionsbtcsessions@getalby.comBOOK private one-on-one sessions with BITCOIN MENTOR! Learn self custody, hardware, multisig, lightning, privacy, running a node, and plenty more - all from a team of top notch educators that I've personally vetted.https://bitcoinmentor.io/—------------------------------SHOW SPONSORS:BITCOIN WELL - BUY BITCOINhttps://qrco.de/bfiDC6COINKITE/COLDCARD (5% discount):https://qrco.de/bfiDBVAQUA WALLEThttps://qrco.de/bfiD8gNUNCHUK HONEYBADGER INHERITANCEhttps://qrco.de/bfiDARHODLHODL NO KYC P2P EXCHANGEhttps://hodlhodl.com/join/BTCSESSIONDEBIFI LOANShttps://qrco.de/bfiDCp#btc #bitcoin #crypto

In today's episode, we sit down with Adam Back, legendary cryptographer, CEO of Blockstream. With markets rallying and Bitcoin's 200-week moving average breaking $46K, we ask the biggest questions on everyone's mind:Are we too late to buy Bitcoin?Is BTC finally decoupling from tech stocks?And could institutional FOMO ignite the next God candle? ~~~~~

Adam Back is the Co-Founder & CEO of Blocksteam, and has been involved with bitcoin since the very early days. In this conversation we discuss what is going on with bitcoin, how institutional adoption is going, the potential bitcoin strategic reserve, Satoshi, and much more. =====================BitcoinIRA: Buy, sell, and swap 75+ cryptocurrencies in your retirement account. Take 3 minutes to open your account & get connected to a team of IRA specialists that will guide you through every step of the process. Go to https://bitcoinira.com/pomp/ to earn up to $500 in rewards.=====================Bitwise is one of the largest and fastest-growing crypto asset managers. As of December 31, 2021, the company managed over $1.3 billion across an expanding suite of investment solutions, which include the world's largest crypto index fund and other innovative products spanning Bitcoin, Ethereum, DeFi, and crypto equities. Whether you're an individual, advisor, or institution, Bitwise provides intelligent access to crypto with your unique circumstances in mind. Visit www.bitwiseinvestments.com to learn more. Certain of the Bitwise investment products may be subject to the extreme risks associated with investing in crypto assets. Visit www.bitwiseinvestments.com/disclosures/ to learn more.=====================Xapo Bank, the world's first fully licensed Bitcoin-enabled bank, offers military-grade security with an unmatched blend of physical and digital security, as well as pioneering regulatory oversight, so your funds are always protected. Beyond secure storage, they enable you to grow and use your Bitcoin. Earn daily interest in Bitcoin, spend with zero FX fees using a global card, and make instant payments via the Lightning Network for unrivalled access and convenience. Visit https://www.xapobank.com/pomp to join.=======================Pomp writes a daily letter to over 265,000+ investors about business, technology, and finance. He breaks down complex topics into easy-to-understand language while sharing opinions on various aspects of each industry. You can subscribe at https://pomp.substack.com/=======================View 10k+ open startup jobs:⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://dreamstartupjob.com/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Enroll in my Crypto Academy: https://www.thecryptoacademy.io/

In recent years, Bitcoin has undergone a major culture shift which promotes stagnation, complacency & simping to politicians over maximizing the utility of the money. Eric Voskuil & John Carvalho join the show to remind everyone what the mission really is. State of Bitcoin - [00:01:17] Bitcoin Maximalism - [00:01:32] Bitcoin as a Ponzi Scheme - [00:02:27] Transaction Fees - [00:04:57] History of Bitcoin Tokens (Omni, Counterparty, Mastercoin) Definition of Tokens - [00:08:01] Custodial Problems with Tokens - [00:09:12] Bitcoin and Fiat Money - [00:11:09] Why Bitcoiners Talk About Money - [00:15:49] Stateless Money - [00:17:44] Austrian Economics and Bitcoin - [00:21:01] Monetary Inflation vs. Price Inflation - [00:26:01] Cantillon Effect - [00:29:00] Dollar Inflation and Gold - [00:33:59] Misunderstandings in the Bitcoin Community - [00:41:42] Bitcoin Semantics - [00:43:21] Bitcoin Divisibility - [01:00:13] Bitcoin Deflation - [01:03:41] Maxi Price and One Coin Assumption - [01:07:43] Competition Between Monies - [01:13:42] Scaling Bitcoin - [01:22:41] Bitcoin for the Unbanked - [01:26:14] Maximizing Throughput - [01:36:11] Right to Fork - [01:45:45] Running Old Bitcoin Versions - [01:51:35] Bitcoin as Money vs. Credit - [01:56:26] Settlement in Bitcoin - [02:07:45] Peer-to-Peer Credit Systems - [02:14:47] Fractional Reserve Banking - [02:26:32] Bitkit Wallet and Spending vs. Saving - [02:36:13] Block size increases and Bitcoin adoption - [03:00:00] Scaling Bitcoin and transaction validation - [03:01:00] Bitcoin overflowing into Litecoin and quantum resistance - [03:02:00] Pruning historical data and exchange price - [03:03:00] Lightning system complexity and Bitcoin's value proposition - [03:05:00] Bitcoin as an investment and speculation - [03:07:00] Optimizing Bitcoin throughput and developer motivations - [03:09:00] Scaling Bitcoin and speculation - [03:11:00] Shitcoins, scams, and Bitcoin's security model - [03:13:00] Litecoin's extension blocks and Mimblewimble - [03:15:00] Bitcoin's security and the legitimacy of altcoins - [03:17:00] Shitcoins and Bitcoin's essential aspects - [03:19:00] Majority hash power censorship and attacks - [03:21:00] Bitcoin speculation and market dynamics - [03:23:00] Michael Saylor's Bitcoin strategy and MicroStrategy's history - [03:26:00] Saylor's Bitcoin investment and market manipulation - [03:29:00] Saylor's stock sales and Bitcoin's future - [03:31:00] Blockstream's accomplishments and the Chia project - [03:33:00] Blockstream's influence and SegWit - [03:35:00] Adam Back's influence and Blockstream's hype - [03:37:00] Bitcoin Core's power and the need for competition - [03:39:00] Initial block download performance and Bitcoin Core's architecture - [03:41:00] UTXO store and Bitcoin Core's performance - [03:43:00] Parallelism in Bitcoin Core and assumed UTXO - [03:45:00] Initial block download time and Bitcoin Core's scalability - [03:47:00] Monoculture in Bitcoin development and IBD performance - [03:49:00] UTXO cache and shutdown time - [03:51:00] Trust assumptions in Bitcoin Core and UTXO commitments - [03:53:00] Bitcoin Core's halting problem and theoretical download limits - [03:55:00] Sponsorships: Sideshift, LayerTwo Labs, Ciurea - [03:57:00] Drivechains and ZK rollups - [04:02:00] ZK rollups and liquidity on Ethereum - [04:04:00] Drivechains and altcoins - [04:06:00] Scaling Bitcoin and cultural taboos - [04:08:00] Engineer-driven change and Monero's approach - [04:10:00] Confidential transactionsL Zano & DarkFi - [04:12:00] Fungibility and Bitcoin's metadata - [04:14:00] Privacy, metadata, and state surveillance - [04:16:00] Privacy, taint, and Bitcoin mixing - [04:18:00] Bitcoin mixing and plausible deniability - [04:20:00] Mining and company registration - [04:22:00] Block reward and hash power - [04:24:00] Privacy and mixing - [04:26:00] Privacy in the Bitcoin whitepaper and zero-knowledge proofs - [04:28:00] Dark Wallet and John Dillon - [04:30:00] Dark Wallet and Li Bitcoin - [04:32:00] Amir Taaki's projects and software development - [04:34:00] Dark Wallet funding and developer costs - [04:36:00] Libbitcoin's code size and developer salaries - [04:38:00] John Dillon and Greg Maxwell - [04:40:00] Opportunistic encryption and BIPs 151/152 - [04:42:00] Dandelion and privacy - [04:44:00] BIP 37 and Bloom filters - [04:46:00] Consensus cleanup and the Time Warp bug - [04:48:00] Merkle tree malleability and 64-byte transactions - [04:50:00] 64-byte transactions and SPV wallets - [04:52:00] Coinbase transactions and malleability - [04:54:00] Invalid block hashes and DoS vectors - [04:56:00] Core bug and ban list overflow - [04:58:00] Storing hashes of invalid blocks - [05:00:00] DoS vectors and invalid blocks - [05:02:00] Malleated Merkle trees and 64-byte transactions - [05:04:00] 64-byte transactions and Merkle tree malleability - [05:06:00] Null points and malleated blocks - [05:08:00] Redundant checks and the inflation soft fork - [05:10:00] Op code separator and code complexity - [05:12:00] Transaction order in a block - [05:14:00] Forward references in blocks - [05:16:00] Coinbase transaction rules - [05:18:00] Time Warp bug and Litecoin support - [05:20:00] Quadratic op roll bug - [05:22:00] Stack implementation and op roll - [05:24:00] Templatized stack and op roll optimization - [05:26:00] Non-standard transactions and direct submission to miners - [05:28:00] Mempool policy and DoS - [05:30:00] Monoculture and competing implementations - [05:32:00] Consensus cleanup and Berkeley DB - [05:34:00] Code vs. consensus - [05:36:00] Bitcoin Knots and Luke-jr - [05:38:00] 300 kilobyte node and Luke-jr's views - [05:40:00] Bitcoin Knots and performance - [05:42:00] Bitcoin Knots and censorship - [05:44:00] Censorship and miner incentives - [05:46:00] Censorship and hash power - [05:48:00] Soft forks and censorship - [05:50:00] Ordinals and covenants - [05:52:00] RBF and zero-confirmation transactions - [05:54:00] Double spending and merchant risk - [05:56:00] First-seen mempool policy and RBF - [05:58:00] Low-value transactions and RBF - [06:00:00] Computational cost of actions - [06:00:15] Building infrastructure and system disruption - [06:00:20] Threat actors and economic disruption - [06:00:26] Double spending detection and system control - [06:00:29] Safety and manageability of zero comp transactions - [06:00:41] Security of zero comp transactions - [06:00:51] RBF (Replace-by-fee) and its relevance - [06:01:06] Bitcoin's mempool and transaction handling - [06:01:25] Mempool overflow and resource management - [06:02:08] Transaction storage and mining - [06:02:45] Miners' incentives and fee maximization - [06:03:07] Mempool policy and DOS protection - [06:03:41] Transaction validation and block context - [06:04:11] Fee limits and DOS protection - [06:05:13] Transaction sets, graph processing, and fee maximization - [06:06:24] Mining empty blocks and hash rate - [06:07:34] Replace-by-fee (RBF) and its purpose - [06:08:07] Infrastructure and RBF - [06:09:14] Transaction pool and conflict resolution - [06:09:44] Disk space, fees, and DOS protection - [06:11:06] Fee rates and DOS protection - [06:12:22] Opt-in RBF and mempool full RBF - [06:13:45] Intent flagging in transactions - [06:14:45] Miners obeying user intent and system value - [06:17:06] Socialized gain and individual expense - [06:18:17] Service reliability and profitability - [06:19:06] First-seen mempool policy - [06:19:37] Mempool policy and implementation - [06:20:06] User perspective on transaction priority - [06:21:14] Mempool conflicts and double spending - [06:22:10] CPFP (Child Pays for Parent) - [06:22:24] Mempool management and fee rates - [06:24:30] Mempool complexity and Peter Wuille's work - [06:25:54] Memory and disk resource management - [06:27:37] First-seen policy and miner profitability - [06:29:25] Miners' preference for first-seen - [06:30:04] Computational cost and fee optimization - [06:31:10] Security, Cypherpunk mentality, and the state - [06:35:25] Bitcoin's security model and censorship resistance - [06:41:02] State censorship and fee increases - [06:43:00] State's incentive to censor - [06:46:15] Lightning Network and regulation - [06:48:41] NGU (Number Go Up) and deference to the state - [06:51:10] Reasons for discussing Bitcoin's security model - [06:53:25] Bitcoin's potential subversion and resilience - [06:55:50] Lightning Network subsidies and scaling - [06:57:36] Mining protocols and security - [07:02:02] Braidpool and centralized mining - [07:04:44] Compact blocks and latency reduction - [07:07:23] Orphan rates and mining centralization - [07:08:16] Privacy and threat environments - [07:08:40] Social graphs, reputation, and identity - [07:10:23] Social scalability and Bitcoin - [07:12:36] Individual empowerment and anonymity - [07:16:48] Trust in society and the role of the state - [07:18:01] Payment methods and trust - [07:20:15] Credit reporting agencies and regulation - [07:22:17] Hardware wallets and self-custody - [07:23:46] Security vulnerabilities in Ledger - [07:27:14] Disclosure of secrets on Ledger devices - [07:36:27] Compromised machines and hardware wallets - [07:42:00] Methods for transferring signed transactions - [07:48:25] Threat scenarios and hardware wallet security - [07:50:47] Hardware wallet usage and personal comfort - [07:56:40] Coldcard wallets and user experience - [08:02:23] Security issues in the VX project - [08:03:25] Seed generation and hardware randomness - [08:12:05] Mastering Bitcoin and random number generation - [08:17:41]

Adam Back predicts $1M if the United States makes Bitcoin a strategic reserve asset SPONSORS ► Bitcoin Well: https://bitcoinwell.com/simplybtc ► Passport by Foundation: https://foundation.xyz/simply ►Compass Mining https://compassmining.io ► Stamp Seed: https://www.stampseed.com PROMO CODE: SIMPLY for a 15% discount ► Orange Pill App: https://theorangepillapp.com/en FOLLOW US ► https://twitter.com/SimplyBitcoinTV ► https://twitter.com/bitvolt ► https://twitter.com/Optimistfields ► Nostr: npub1vzjukpr2vrxqg2m9q3a996gpzx8qktg82vnl9jlxp7a9yawnwxfsqnx9gc JOIN OUR TELEGRAM, GIVE US A MEME TO REVIEW! ► https://t.me/SimplyBitcoinTV SUBSCRIBE TO OUR YOUTUBE ► https://bit.ly/3QbgqTQ SUPPORT US ► On-Chain: bc1qpm5j7wsnk46l2ukgpm7w3deesx2mdrzcgun6ms ► Lightning: simplybitcoin@walletofsatoshi.com #bitcoin #bitcoinnews #simplybitcoin DISCLAIMER: All views in this episode are our own and DO NOT reflect the views of any of our guests or sponsors. Copyright Disclaimer under section 107 of the Copyright Act 1976, allowance is made for "fair use" for purposes such as criticism, comment, news reporting, teaching, scholarship, education and research. If you are or represent the copyright owner of materials used in this video and have a problem with the use of said material, please contact Simply Bitcoin.

Bitcoin's price is moving faster than I can make videos! We are in the midst of a bonafide bull run. What does this mean for Bitcoiners? What does this mean for people and companies that are frozen in disbelief? Proof of Work pioneer, Adam Back has had comments about the window for new whole coin ownership closing. Is that moment finally upon us? Timestamps: 0:00 - Intro 1:00 - Low Political Pressure 1:30 - Adam Back Quote 2:33 - Fiat Time Is Worth Less 3:27 - Cerulli Wealth Transfer Study 4:45 - Bitcoin Wealth Transfer Reality 5:38 - The Penalty of Sitting on Sidelines 7:08 - What Should We Then Do? #cryptocurrencynews #bitcoin #bitcoinnews #crypto The information provided by Pleb Underground ("we," "us," or "our") on Youtube.com (the "Site") our show is for general informational purposes only. All information on the show is provided in good faith, however we make no representation or warranty of any kind, express or implied, regarding the accuracy, adequacy, validity, reliability, availability, or completeness of any information on the Site. UNDER NO CIRCUMSTANCE SHALL WE HAVE ANY LIABILITY TO YOU FOR ANY LOSS OR DAMAGE OF ANY KIND INCURRED AS A RESULT OF THE USE OF THE SHOW OR RELIANCE ON ANY INFORMATION PROVIDED ON THE SHOW. YOUR USE OF THE SHOW AND YOUR RELIANCE ON ANY INFORMATION ON THE SHOW IS SOLELY AT YOUR OWN RISK.

Block Version Number in BitcoinThe block version number in Bitcoin serves as an indicator of which set of consensus rules a block follows. It's also used to signal miners' readiness or support for upcoming protocol upgrades. Over time, block version numbers have evolved from simple sequential numbers (like versions 1 through 4) to a more complex bit-field system, which allows for multiple upgrades to be signaled at once.From last time you badgered me I made some notes. Evolution of Block VersionsEarly Versions (1-4):These were straightforward indicators of protocol changes. For example:Version 1 was used from the Genesis block until March 2013.Version 2 came with BIP 34, authored by Gavin Andresen, it added the block height to the coinbase transaction and was activated at Block 227,931 on March 27, 2013.Version 3 enforced stricter signature validation with BIP 66, authored by Pieter Wuille, it ensured correct DER encoding of signatures. It activated at Block 363,725 on July 4, 2015.Version 4 enabled CheckLockTimeVerify (CLTV) with BIP 65, also authored by Pieter Wuille, it allowed for time-locked transactions and activated at Block 388,381 on December 11, 2015.Then come the Version Bits format:Bitcoin upgrades were becoming increasingly complex, the block version system transitioned to the Version Bits signaling mechanism, which allows multiple protocol changes to be signaled at once using specific bits in the block version field, allowing miners to signal support for up to 29 features simultaneously, each represented by a specific bit in the 32-bit version field.When Segregated Witness (SegWit) was introduced, Bitcoin transitioned from simple block versions to the complex numbers seen today.Special Note: before we review the important key version bits, I have to make something clear. These version numbers are more than just sequential; they signal specific changes using bitsI am going to call out version numbers like 536 870 912, which is is the decimal representation of the hexadecimal value 0x20000000The full number 536870912 in binary is 00100000000000000000000000000000.“536" doesn't have standalone significance. It's just a part of the decimal value when the binary representation of 0x20000000 is converted into base 10 (which equals 536870912).The important part lies in the bitwise representation, where the leading bits "001" in the binary form, are reserved for signaling purposes, indicating that version bits are being used.But for the purpose of conveying version numbers to a human (this human being you Max) we will use the decimal representation instead of 0x2 nd a bunch of zeros or 001 and 29 more zeros.Now to the bit version section…Version 536 870 912 indicated readiness for SegWit, introduced through BIP 141 (authored by Pieter Wuille). SegWit was activated on August 24, 2017, at Block 481,824.Version 536 870 913 was used to signal support for BIP 91 and authored by James Hilliard. BIP 91 lowered the threshold required for SegWit's activation. It was locked in at Block 477,120 on July 20, 2017.Version 536 870 914 and 536 870 916 continued signaling for SegWit deployment through various BIPs.How It Works TodayToday, miners use the Version Bits system to signal support for new upgrades, and they must keep their block version numbers in line with consensus rules. Version numbers like 536870912 (SegWit) are still recognized by the network, and each bit in the version number, a miner can signal support for different soft forks simultaneously.For instance, if the network is ready for a future upgrade, miners will flip the corresponding bit in their block version number, signaling their support for the upgrade. The rest of the version field remains intact, allowing multiple soft forks to be signaled at the same time.First 3 bits = 001: Reserved and indicate version bits are being used.Remaining 29 bits: Available for signaling specific soft forks or protocol changes. Each of these bits corresponds to a different potential feature being activated.Car Analogy for Bitcoin Block Version NumbersLet's compare Bitcoin's block version numbers to Fords and how their cars evolved from simple model numbers to VIN numbers that represent various features and changes in their design over the years.The Model T and Block Version 1:Just like Ford's Model T, the first Bitcoin blocks (version 1) were basic, so basic, buyers didn't even have a choice in what color vehicle they could buy “you can have a car in any color so long as its black. Similar to early block versions that had no special features—the first blocks had no complex rules or signals, just the essentials.Evolving Model Years and Version Numbers:As Ford expanded its lineup, more models came out, and so did the need for differentiating cars beyond going from model T to Model A. Apply that to Bitcoin, version 1 to 4 were indicators of upgrades like block height (BIP-34), stricter validation (BIP-66), and time-locked transactions (BIP-65) can be compared to model T to model AComplex Version Bits = New Ford VIN Structure:Eventually, car manufacturers standardized more details in its VIN numbers to reflect all the specifics of each model the world manufacturers identifier, vehicle description section, and the vehicle identifier section—just like Bitcoin's version bits system, which allows for more granular signaling.The VIN was introduced in 1965 to track each vehicle's specifications. The first two characters of the VIN, such as “1F,” identify Ford and where the vehicle was built. 1F is a Ford built in the USA.For example, characters 4-8 in a Ford VIN indicate engine type, body style, and model, much like Bitcoin's complex version numbers (536 870 912 or 0x20000000) that signal specific features like SegWit (BIP-141) or BIP-91 activation.Or version 536 870 916 (0x20000004) signals both SegWit and BIP-91—much like how characters in the Ford VIN specify the engine, body, and trim level of a car.VINs were more standardized in the 80's. Ford's VIN numbers now include production year, plant location, and a unique serial number to distinguish every car (that's characters 10-17). Likewise, Bitcoin's version bits (introduced with version 536870912) can signal multiple protocol changes at once. Just as the tenth digit in a VIN tells you the model year (e.g., “J” for 1988), a Bitcoin version number can tell you which upgrades are active. Bits 1-3: Reserved for version signaling format (for example, the top three bits set to 001 for soft fork signaling).Bits 4-32 can each represent a specific feature or soft fork proposal, meaning multiple upgrades can be signaled simultaneously within the same block version field.ConclusionIn both cases, as the products (Fords and Bitcoin blocks) became more complex, the identifiers also became more detailed. From simple model numbers like T and A (Max likes T & A) to VIN numbers, Bitcoin's version bits both allow for greater customization and finer control.Like how car manufacturers track and signal changes to its cars over time with VINs, Bitcoin uses block version numbers to ensure the network continues to evolve. Bitcoin is still Bitcoin, and a Ford is still a Ford regardless of the fact Henry Ford is dead, and Satoshi is not Craig Wright, or Adam Back, or Peter Todd. IMPORTANT LINKS https://freesamourai.comhttps://p2prights.org/donate.htmlhttps://ungovernablemisfits.comVALUE FOR VALUEThanks for listening you Ungovernable Misfits, we appreciate your continued support and hope you enjoy the shows.You can support this episode using your time, talent or treasure.TIME:- create fountain clips for the show- create a meetup- help boost the signal on social mediaTALENT:- create ungovernable misfit inspired art, animation or music- design or implement some software that can make the podcast better- use whatever talents you have to make a contribution to the show!TREASURE:- BOOST IT OR STREAM SATS on the Podcasting 2.0 apps @ https://podcastapps.com- DONATE via Paynym @ Max- DONATE via Paynym to JON @ Jon- DONATE via Monero @ https://xmrchat.com/ugmf- BUY SOME CLOTHING @ https://ungovernablemisfits.com/store/- BUY SOME ART!! @ https://ungovernablemisfits.com/art-gallery/ALTAIR TECHNOLOGIESAltair Tech is your one-stop shop for pleb mining supplies. They carry Bitaxes, Urlacher Conversion Kits, Bitmain Antminers, Shrouds, etc. Anything you can think of when it comes to Bitcoin Mining :).Use the affiliate link above and don't forget to use code UNGOVERNABLE at checkout.(00:00) Welcome To Bitesize Bitcoin!(00:35) Who The Fuck Is That?(02:04) What Do You Want Max?(03:52) Block Version Number(04:57) The Versions(08:09) Version Bits Upgrades(11:25) It's Like A VIN!(15:00) What's a Wolf Doing on Wall Street?(16:35) In Conclusion...(16:59) Night Mate(17:33) SPONSORED BY ALTAIR

Adam Back is cofounder and CEO of Blockstream, a company focused on building out bitcoin technology. We discuss his recent appearance in HBO documentary 'Money Electric,' the blossoming Swiss bitcoin city of Lugano, the early days of bitcoin, and his thoughts on ecash and nostr.Adam on Nostr: https://primal.net/p/npub1qg8j6gdwpxlntlxlkew7eu283wzx7hmj32esch42hntdpqdgrslqv024kw EPISODE: 142BLOCK: 867036PRICE: 1534 sats per dollarsupport dispatch: https://citadeldispatch.com/donate nostr live chat: https://citadeldispatch.com/stream nostr account: https://primal.net/odell youtube: https://www.youtube.com/@CitadelDispatch podcast: https://serve.podhome.fm/CitadelDispatch stream sats to the show: https://www.fountain.fm/ join the chat: https://citadeldispatch.com/chatOutro Music by TIP NZ: https://primal.net/p/npub1hrctsg2qwu5gsp65gvj29968z460g0th755jq92c8uaz620lewmq6qk525(00:00:01) Bitcoin and Inflation: Insights from Paul Tudor Jones(00:06:02) Introduction to the Show(00:06:55) Bitcoin in Lugano: A Growing Economy(00:10:19) Bitcoin Documentary: Money Electric(00:21:00) The Mystery of Satoshi Nakamoto(00:31:05) Bitcoin's Early Days and Adoption Challenges(00:38:00) Scaling Bitcoin: Liquid and Lightning(00:50:02) Future of Bitcoin: Simplicity and Smart Contracts(01:00:19) eCash Protocols: Cashu and Fedimint(01:09:10) Nostr and Decentralized Social Media

Adam Back is the CEO of Blockstream, the inventor of Hashcash, and one of the most influential figures in Bitcoin. He joined us from Baltic Honeybadger in Riga to talk about the last year in Bitcoin, and the outlook on Bitcoin in the future, both in the near and long term.  We explore the challenges posed by spam transactions, the 'freeloader' problem, and the future of Bitcoin's security incentives. The episode also touches on the complexities of fractional reserve banking, rehypothecation risks, and the rise of decentralized systems and free speech platforms. Join us for this deep dive with Adam Back!  Connect with Adam:  https://x.com/adam3us Connect with Us: https://www.bitcoininfinityshow.com/ https://bitcoininfinitystore.com https://primal.net/freedom https://primal.net/knut https://primal.net/luke https://twitter.com/BtcInfinityShow https://twitter.com/knutsvanholm https://twitter.com/lukedewolf Thanks to our sponsors - check out their websites for info: BitBox: https://bitbox.swiss/infinity StampSeed: https://www.stampseed.com/shop/21m-titanium-seed-plate.html Bitcoin Adviser: https://content.thebitcoinadviser.com/freedom ShopInBit: https://shopinbit.com/bitcoininfinity - Use code INFINITY for a €5 discount!    The Bitcoin Infinity Show is a Bitcoin podcast hosted by Knut Svanholm and Luke de Wolf.

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In this video, Nik dives into HBO's latest Bitcoin documentary, "Money Electric: The Bitcoin Mystery," exploring its take on Bitcoin's evolution and influence. He covers key moments like the hunt for Satoshi, the documentary's explanation of Bitcoin's mechanics, and its perspective on the Blocksize Wars. Nik also discusses Adam Back's role, Blockstream's portrayal, and where the film misses on important topics like money and banking. This review provides a balanced look at how the documentary presents Bitcoin to a broader audience. The Bitcoin Layer is a bitcoin and global macroeconomic research firm. The Bitcoin Layer is proud to be sponsored by Unchained, the leader in Bitcoin financial services. Unchained empowers you to take full control of your Bitcoin with a collaborative multisig vault, where you hold two of three keys, and benefit from a Bitcoin security partner. Purchase Bitcoin directly into your cold storage vault and eliminate exchange risks with Unchained's Trading Desk. Unchained also offers the best IRA product in the industry, allowing you to easily roll over old 401(k)s or IRAs into Bitcoin while keeping control of your keys. Don't pay more taxes than you have to. Talk to us today. Visit https://thebitcoinlayer.com/unchained and use code TBL for $100 off when you create an account. Efani delivers premium mobile service with unparalleled protection against SIM swaps and privacy invasions. Use code TBL at checkout for $99 off the Efani SAFE Plan. https://www.efani.com/tbl?utm_source=substack&utm_medium=email Try Stamp Seed, a DIY kit that enables you to hammer your seed words into a durable plate of titanium using professional stamping tools. Take 15% off with code TBL. Get your Stamp Seed today! https://www.stampseed.com/shop/titanium-seed-phrase-storage-kits.html?utm_source=substack&utm_medium=email Subscribe and turn on notifications for TBL on YouTube. Subscribe to TBL's research letter: https://thebitcoinlayer.com/subscribe Follow TBL on X: https://twitter.com/TheBitcoinLayer Subscribe to The Bitcoin Layer on your favorite podcast platform. Join the official TBL channel on Telegram: https://t.me/thebitcoinlayerofficial Use code TBLYT10 for 10% off all The Bitcoin Layer Merch at http://TheBitcoinLayer.com/merch Block Height 864975 Contribute to The Bitcoin Layer via Lightning Network: thebitcoinlayer@zbd.gg Nik Bhatia's Twitter: https://twitter.com/timevalueofbtc Creative Director Matthew Ball's Twitter: https://twitter.com/matthewrball #TheBitcoinLayer #NikBhatia #HBOMoneyElectric #HBOBitcoinDocumentary #BitcoinDocumentary #MoneyElectric #HBO #SatoshiNakamoto #BlocksizeWars #BitcoinReview #AdamBack #Blockstream #CryptoDocumentary #BitcoinExplained #BitcoinEvolution #Cryptocurrency #MoneyAndBanking #BitcoinMystery #BitcoinHistory #HBODocumentary #BitcoinFilm #Bloomberg #Analysis #Charts #Tradingview #InvestmentStrategy #MarketWatch #StockMarket #PassiveInvesting #IndexFunds #FinancialMarkets #MarketWatch #FreeMarket #FreeMarkets #Markets #USTreasury #TreasuryBills #BalanceSheet #FED #Debt #Inflation #Statistic #Rates #Interest #Asset #Bitcoin #Dollar #Sats #BTC #Market #Currency #Analysis #Investment #News #Finance #Education #Blockchain #Mining #BitcoinMining #macro The Bitcoin Layer and its guests do not provide investment advice.Subscribe to The Bitcoin Layer on Soundwise

You want to invest in Bitcoin mining, but you don't know how? OG Bitcoin company Blockstream has been cooking up something for those intrigued with mining but without the wall sockets to participate.Welcome back to The Mining Pod! Today we are joined by Adam Back, cryptographer and CEO of Blockstream. Well known for its sidechain software Liquid, among other projects, Blockstream is actually a large private Bitcoin miner. In today's show, we go through Blockstream mining with Back, including its profile as a miner (energy, locations, fleet). Then we dive into the BMN2, a new financial instrument to help people mine Bitcoin without ever touching a Bitcoin miner! Note, this podcast is for educational purposes only and is not financial advice.Enjoying the show? Check out our newsletter at miningpod.blockspace.media!Timestamps:00:00 Start02:11 Blockstream's mining background08:46 Mining Note details16:53 Secondary markets & Mining Notes19:49 Typical investor profile28:39 Why not self mine?32:07 Where does Blockstream profit?36:39 Production costs & cycle timing42:05 Upgrading ASICs or not?45:29 Lessons learned, changes made50:31 Post Interview DiscussionPublished twice weekly, "The Mining Pod" interviews the best builders and operators in the Bitcoin and Bitcoin mining landscape. Subscribe to get notifications when we publish interviews on Tuesday and a news show on Friday!

Welcome back to The Mining Pod! Today we are joined by Adam Back, cryptographer and CEO of Blockstream. Well known for its sidechain software Liquid, among other projects, Blockstream is actually a large private Bitcoin miner. In today's show, we go through Blockstream mining with Back, including its profile as a miner (energy, locations, fleet). Then we dive into the BMN2, a new financial instrument to help people mine Bitcoin without ever touching a Bitcoin miner! Note, this podcast is for educational purposes only and is not financial advice. Enjoying the show? Check out our newsletter at miningpod.blockspace.media! Timestamps: 00:00 Start 02:11 Blockstream's mining background 08:46 Mining Note details 16:53 Secondary markets & Mining Notes 19:49 Typical investor profile 28:39 Why not self mine? 32:07 Where does Blockstream profit? 36:39 Production costs & cycle timing 42:05 Upgrading ASICs or not? 45:29 Lessons learned, changes made 50:31 Post Interview Discussion Published twice weekly, "The Mining Pod" interviews the best builders and operators in the Bitcoin and Bitcoin mining landscape. Subscribe to get notifications when we publish interviews on Tuesday and a news show on Friday! 

Longtime Bitcoin veteran Adam Back says the BTC price could potentially soar more than 700% from the current value this cycle. Learn more about your ad choices. Visit megaphone.fm/adchoices

Today's show is part 2 of a two-part series all about Bitcoin, other cryptocurrencies, and blockchain technology with TIP's Co-Founder Preston Pysh. Preston is a graduate of West Point and Johns Hopkins University, the founder of BuffettsBooks.com, and Co-Founder/Co-Host of We Study Billionaires by The Investor's Podcast Network. IN THIS EPISODE, YOU'LL LEARN 00:00 - Intro 00:41 - How Bitcoin works and the problems it looks to solve. 05:54 - Why a higher demand for Bitcoin indirectly makes the currency more secure and in turn a better store of wealth. 11:15 - How investors should think about educating themselves about Bitcoin. 15:05 - Why the adoption of a deflationary currency like Bitcoin will encourage people to think long term and invest more. 28:21 - How to value Bitcoin based on the stock to flow ratio. And much, much more! *Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members. Experts to Follow: Plan B, Trace Mayer, Caitlin Long, Adam Back. Plan B's white paper: Modeling Bitcoin's Value w/ Scarcity. Recommended Book: The Bitcoin Standard by Dr. Saifedean Ammous. Check out the books mentioned in the podcast here. Enjoy ad-free episodes when you subscribe to our Premium Feed. NEW TO THE SHOW? Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok. Check out our Millennial Investing Starter Packs. Browse through all our episodes (complete with transcripts) here. Try Kyle's favorite tool for picking stock winners and managing our portfolios: TIP Finance. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: Toyota Range Rover Airbnb Monarch Money Yahoo! Finance Meyka Public Fundrise NetSuite Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Today's show is part 1 of a two-part series all about Bitcoin, other cryptocurrencies, and blockchain technology with TIP's Co-Founder Preston Pysh. Preston is a graduate of West Point and Johns Hopkins University, the founder of BuffettsBooks.com, and Co-Founder/Co-Host of We Study Billionaires by The Investor's Podcast Network. IN THIS EPISODE, YOU'LL LEARN 00:00 - Intro 05:16 - What Bitcoin, cryptocurrencies, and blockchain are. 10:43 - Why we need an alternative currency that isn't the US Dollar. 32:31 - How to value an asset such as a cryptocurrency. 50:25 - Why the most common argument against Bitcoin is inaccurate. And much, much more! *Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members. Experts to Follow: Plan B, Trace Mayer, Caitlin Long, Adam Back. Plan B's white paper: Modeling Bitcoin's Value w/ Scarcity. Recommended Book: The Bitcoin Standard by Dr. Saifedean Ammous. Check out the books mentioned in the podcast here. Enjoy ad-free episodes when you subscribe to our Premium Feed. NEW TO THE SHOW? Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok. Check out our Millennial Investing Starter Packs. Browse through all our episodes (complete with transcripts) here. Try Kyle's favorite tool for picking stock winners and managing our portfolios: TIP Finance. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: Toyota Range Rover Airbnb Monarch Money Yahoo! Finance Meyka Public Fundrise Public NetSuite Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Aaron Van Wirdum is a Bitcoin journalist and author of ‘The Genesis Book'. In this interview, we discuss the history of Bitcoin, including the importance of consensus algorithms and public key cryptography, early scepticism towards Bitcoin from cypherpunks, Satoshi's decision to remain anonymous, and its fixed monetary policy. We also talk about the influence of Austrian economics on Bitcoin's foundation, and the significance of privacy in digital transactions. - - - - The esteemed journalist Aaron Van Wirdum has authored a new book on the origins of Bitcoin called ‘The Genesis Book'. Our discussion naturally focuses on the influence of Austrian economics: Aaron explains how Hayek's ideas about money supply were instrumental in shaping Bitcoin's principles, and how the cypherpunk movement of the 90s aspired to create technologies beyond government control - echoing Hayek's vision of market-driven money. We examine the reasons behind the failure of early digital cash projects and the lessons learned that paved the way for Bitcoin's success. Hashcash and its Proof of Work (PoW) concept, developed by Adam Back, was a key innovation contributing to the creation of Bitcoin. Equally important was the role of cypherpunks in exploring electronic scarcity and the transferability of digital cash, particularly Nick Szabo's efforts in addressing the double spend problem. Aaron explains how Bitcoin emerged, and the significance of its white paper in introducing a novel approach that integrated currency creation technology and consensus algorithms through PoW. Reflecting on the early days of Bitcoin, we discussed the initial reaction towards Bitcoin's proposal from the cypherpunk movement and the importance of the mailing list. We also touch upon the significance of Satoshi's anonymity and the timing of Bitcoin's launch. This episode is a deep dive into the confluence of history, economics, and cryptography that has shaped the world of Bitcoin and digital currency. As we explored the origins, challenges, and innovations that have led us to this point, including the critical Blocksize wars. The journey of Bitcoin is as much about the past as it is about the future. And, it's a narrative that continues to unfold. - Show notes: https://www.whatbitcoindid.com/podcast/the-genesis-of-bitcoin This episode's sponsors: Iris Energy - Bitcoin Mining. Done Sustainably Bitcasino - The Future of Gaming is here Ledger - State of the art Bitcoin hardware wallet Wasabi Wallet - Privacy by default Unchained - Secure your bitcoin with confidence Bitcoin Atlantis - A Bitcoin conference in the Atlantic SwanBitcoin - Invest in Bitcoin with Swan