Blockspace: AI & Bitcoin

We’re diving deep into the disconnect between market performance and recession fears. They explore viral TikTok recession indicators, analyze Q2 earnings data, examine job market softening, and discuss whether we're actually heading into recession territory or if it's all just economic anxiety amplified by social media vibes. Subscribe to the newsletter! https://newsletter.blockspacemedia.com ## Notes: - 33% recession probability down from 45% in April - S&P 500 earnings grew 11.8% year over year in Q2 - Only 73,000 jobs added in July vs expectations - May/June job numbers revised down by 258,000 - Energy sector earnings dropped 18-19% in Q2 - 92% probability of September Fed rate cut Timestamps: 00:00 Start 00:32 Wen resesh bruv? 03:54 Recession Pop Music 10:48 White Lady Dasher 12:49 Data nerd time 24:56 Mag 7 earnings 26:49 Unemployment 31:34 Consumer credit 33:44 What's a humble central bank to do? - 👋Bitcoin Season 2 is produced Blockspace Media, Bitcoin’s first B2B publication in Bitcoin. Follow us on Twitter and check out our newsletter for the best information in Bitcoin mining, Ordinals and tech! Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

Steven Lubka, VP of Investor Relations at Nakamoto, joins us to talk about the "paper bitcoin summer" phenomenon, treasury companies as Bitcoin acquisition vehicles, regulatory arbitrage strategies, international market expansion, and why vibes matter in capital markets. We explore how companies like MicroStrategy pioneered leveraged Bitcoin strategies and what the future holds for Bitcoin financial institutions. Subscribe to the newsletter! https://newsletter.blockspacemedia.com **Notes:** • Treasury companies hold ~60k BTC outside MicroStrategy • MicroStrategy trades at 2x NAV premium currently • Bitcoin has multi-trillion dollar market cap • Preferred shares cost ~9-10% for these companies • MetaPlanet proved model works internationally • Galaxy sold 80k BTC recently absorbed by market Timestamps: 00:00 Start 02:19 Paper Bitcoin Summer 05:25 Treasury company bull case 11:27 Why now? 15:12 How many companies can do this? 20:22 IPO vs SPAC 22:45 Why BTC & not other commodities? 26:01 Market liquidity 29:01 Marketing as asset 34:04 Vibes Capital Markets 39:46 Paper Bitcoin Maxi 45:57 Nakamoto's future 50:34 Amanda & Branden 53:17 Wrap up - 👋Bitcoin Season 2 is produced Blockspace Media, Bitcoin’s first B2B publication in Bitcoin. Follow us on Twitter and check out our newsletter for the best information in Bitcoin mining, Ordinals and tech! Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

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Matt Wraith, CTO of Bitnomial, explains the arcane world of Bitcoin futures trading. Physical delivery vs cash-settled futures to exploring the possibilities of fork futures markets, Matt breaks down complex market mechanics with real-world examples. How could chain splits could be traded, the quantum computing threat to Bitcoin, and why having oil storage matters when futures go negative. Subscribe to the newsletter! https://newsletter.blockspacemedia.com Notes: - Bitnomial founded 2014, launched futures 2020 - Oil futures went negative in March 2020 - Bitcoin Cash hashrate flipped BTC post-fork - Quantum computer threat "5 years away for 30 years" - Physical delivery requires actual BTC transfer - Fork futures first appeared during SegWit debate Timestamps: 00:00 Start 01:09 Founding Bitnomial 03:32 Regulatory changes 05:16 CTO role 06:09 Multiple hats 07:29 Futures 10:08 History of futures 12:38 Physical delivery 14:48 Storage costs 17:25 Clearing house 18:27 Cash settled 21:22 Bitcoin futures history 25:23 Forks & futures 37:02 Assets on Bitcoin 41:22 Restrictions on futures 45:04 Black Swan pricing 48:18 Quantum 52:52 Presidio Bitcoin Quantum Conference 55:36 Futures as governance - 👋Bitcoin Season 2 is produced Blockspace Media, Bitcoin’s first B2B publication in Bitcoin. Follow us on Twitter and check out our newsletter for the best information in Bitcoin mining, Ordinals and tech! Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

Charlie and Colin dive deep into the dangerous parallels between today's Bitcoin treasury companies and the 1929 investment trust bubble. They analyze how companies like MicroStrategy use convertible debt to accumulate Bitcoin, why this creates systemic risk, and how forced selling could trigger a catastrophic unwind. From Ponzi-like dividend structures to the speculative attack strategy, they break down why this leverage-fueled boom might end badly. Subscribe to the newsletter! https://newsletter.blockspacemedia.com **NOTES:** • 98 companies raised $86B in 8 weeks for crypto • MicroStrategy needs $300-400M annually for dividends • Q1 revenue only $111M vs dividend obligations • Public entities hold ~900K Bitcoin total • Investment trusts grew 11x from 1927-1929 • 1929 trusts were 1/3 of all capital issuance Timestamps: 00:00 Start 02:30 Lessons from 1929 07:22 Trusts vs BTC treasury companies 12:50 Shorting MSTR 20:51 Hear me out.. companies that make profits 24:34 Don't say the P word! - 👋Bitcoin Season 2 is produced Blockspace Media, Bitcoin’s first B2B publication in Bitcoin. Follow us on Twitter and check out our newsletter for the best information in Bitcoin mining, Ordinals and tech! Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

Nick Neuman, CEO & co-founder of Casa joins us to talk about why Bitcoin's future depends on self-custody adoption. Neuman argues that without users holding Bitcoin "at the edges" and generating transaction fees, mining incentives could collapse, potentially forcing changes to Bitcoin's 21 million supply cap or pushing institutions toward proof-of-stake alternatives. Subscribe to the newsletter! https://newsletter.blockspacemedia.com NOTES: • Casa founded in 2018 to enable self-custody • Coinbase holds 2.8 million Bitcoin today • Transaction activity lower than 2018 levels • Bitcoin block reward halves repeatedly over time • Mining unprofitable without transaction fees • 2140 deadline for block reward depletion Timestamps: 00:00 Start 02:38 Self custody & Bitcoin survival 07:25 Held at the edges 11:26 Fees a& codes changes 17:55 Memetic death spiral 21:00 layer 2 26:12 Self custody adoption 30:48 Changes to improve self custody 33:35 Education - 👋Bitcoin Season 2 is produced Blockspace Media, Bitcoin’s first B2B publication in Bitcoin. Follow us on Twitter and check out our newsletter for the best information in Bitcoin mining, Ordinals and tech! Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

Michael Saylor's controversial pentagram post and MicroStrategy's pivot to preferred stocks. With 145+ companies now adopting Bitcoin treasury strategies and institutions holding 10% of all Bitcoin, we explore whether this paper Bitcoin summer represents genuine adoption or a dangerous leveraged bubble waiting to burst. Subscribe to the newsletter! https://newsletter.blockspacemedia.com **Notes:** • MicroStrategy owes $400M annually in dividends • Core business only generates $111M revenue • 145 Bitcoin treasury companies now exist • Institutions hold 10% of Bitcoin supply • Daily institutional buying 10x mining rate • Treasury companies bought 39K BTC/month Timestamps: 00:00 Start 00:48 Bitcoin's "Defense Dept" 03:04 Preferred stock pivot 04:40 Where does the yield come from? 07:29 Dividends can't come from company profits 19:22 MSTR memes - 👋Bitcoin Season 2 is produced Blockspace Media, Bitcoin’s first B2B publication in Bitcoin. Follow us on Twitter and check out our newsletter for the best information in Bitcoin mining, Ordinals and tech! Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

FILL OUT THE SURVEY BY CLICKING HERE: https://forms.gle/DFpR9MyhWo1NQ8T39 You're listening to Bitcoin Season 2. Subscribe to the newsletter, trusted by over 7,000 Bitcoiners: https://newsletter.blockspacemedia.com Bitcoin developer James O’Beirne joins us to talk about the current state of Bitcoin development, the controversial CTV (OP_CheckTemplateVerify) soft fork proposal, and why he organized a letter signed by 66+ prominent Bitcoin developers requesting Bitcoin Core focus on protocol upgrades. We dive deep into Bitcoin's development culture, the post-SegWit era challenges, and the growing concern about Bitcoin's ossification. Subscribe to the newsletter! https://newsletter.blockspacemedia.com **Notes:** • 66 developers signed CTV support letter • 96% of Bitcoin value uses non-taproot outputs • 19% of global hashrate supports CTV proposal • 5+ years of CTV development and testing • 5 Bitcoin bounty offered for CTV bugs found • 16.5 years since Bitcoin's initial release Timestamps: 00:00 Start 01:55 Jame's work 08:33 History of BTC development 12:37 Culture & the block size war 16:34 Code change process 24:29 The CTV letter origin 33:53 Reception of the letter 38:33 Why is there resistance? 40:53 Alternative proposal 48:20 Upgrade Hooks 50:36 Future outlooks for changes 54:49 Reasons for optimism - 👋Bitcoin Season 2 is produced Blockspace Media, Bitcoin’s first B2B publication in Bitcoin. Follow us on Twitter and check out our newsletter for the best information in Bitcoin mining, Ordinals and tech! Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

FILL OUT THE SURVEY BY CLICKING HERE: https://forms.gle/DFpR9MyhWo1NQ8T39 Charlie and Colin dive deep into investigative journalism that reveals the US government's Bitcoin holdings are far more complex than anyone realized. After a $10K bounty led to a FOIA request, we discovered the US Marshals Service holds just 29,000 Bitcoin - not the 200,000 widely reported. We explore seized vs forfeited assets, government custody practices, and why Senator Lummis got it wrong. Subscribe to the newsletter! https://newsletter.blockspacemedia.com **Notes:** • US Marshals hold 29,000 Bitcoin worth $3.4B • Arkham shows 198,000 Bitcoin for US government • US sold 195,000 Bitcoin for $366.5M total • Bitfinex hack involved 94,000 seized Bitcoin • Government peak holdings: 237K Bitcoin (2022) • $10K bounty offered for Marshal data Timestamps: 00:00 Start 00:47 Lola investigates 05:27 29k BTC 11:03 Politicians enter the chat 17:47 Government custody providers - 👋Bitcoin Season 2 is produced Blockspace Media, Bitcoin’s first B2B publication in Bitcoin. Follow us on Twitter and check out our newsletter for the best information in Bitcoin mining, Ordinals and tech! Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

FILL OUT THE SURVEY BY CLICKING HERE: https://forms.gle/DFpR9MyhWo1NQ8T39 Charlie and Colin dive deep into Bitcoin's explosive run past $122,000, analyzing what's driving the rally and how high it could go. They break down predictions from Peter Brandt ($150K), Bob Lucas ($175K), and the wild $400K call from Udi. Plus: why boomer ETF flows might be the secret sauce, the Mayer Multiple indicator, and whether we're in for a supercycle. Subscribe to the newsletter! https://newsletter.blockspacemedia.com NOTES: • Bitcoin hit $122K all-time high over weekend • Market cap exceeds $2.4 trillion, flips Amazon • Mayer Multiple at 1.12, well below 2.4 threshold • iShares Bitcoin ETF trades at $67 per share • DXY down 10.7% in 2025, worst since 80s • Gold market cap at $22.3 trillion (10x Bitcoin) Timestamps: 00:00 Start 03:00 Bitcoin marketcap flips Amazon & Google 08:25 Mayer Multiple (it's back baby!) 10:27 Analyst: Peter Brandt (parabolic advance) 13:54 Analyst: Bob Lucas (4 yr cycle) 25:19 Analyst: Udi (just vibes man) - 👋Bitcoin Season 2 is produced Blockspace Media, Bitcoin’s first B2B publication in Bitcoin. Follow us on Twitter and check out our newsletter for the best information in Bitcoin mining, Ordinals and tech! Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

FILL OUT THE SURVEY BY CLICKING HERE: https://forms.gle/DFpR9MyhWo1NQ8T39 Charlie and Colin dive deep into the $8 billion Bitcoin whale awakening from 2011, conspiracy theories around legal notices, and the dramatic fallout between Elon Musk and Trump. Plus, Bitcoin smashes through $113K as markets defy doomsday predictions. Subscribe to the newsletter! https://newsletter.blockspacemedia.com NOTES: • 80,000 Bitcoin moved worth $8.1 billion • Bitcoin hits new all-time high at $113K • Funds dormant since 2011 - 13+ years • Elon announces America Party with Bitcoin focus • Markets shed 15% earlier this year • $150B in government waste cuts achieved Timestamps 00:00 Start 00:52 80k BTC moved 06:03 Message in transaction 16:21 Elon forms political party 22:29 BTC @ $113k 28:28 WW3 with Iran - 👋Bitcoin Season 2 is produced Blockspace Media, Bitcoin’s first B2B publication in Bitcoin. Follow us on Twitter and check out our newsletter for the best information in Bitcoin mining, Ordinals and tech! Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

Gwart joins us to talk about the collapse of crypto's "public goods" era and why the revenue meta is taking over. We dive deep into the fat protocol thesis, why DAOs failed, the difference between Bitcoin and crypto, and how builders are finally focusing on sustainable businesses instead of token hacking. Subscribe to the newsletter! https://newsletter.blockspacemedia.com **NOTES:** • Pump.fun crossed hundreds of millions in revenue • Fat protocol thesis originated 2016-2017 • iPhone example: $1,000 vs theoretical $10,000 • Uniswap has fee switch but hasn't turned it on • Thread guy has 5% Bitcoin portfolio allocation • Bitcoin could 10x in next five years Timestamps: 00:00 Start 01:59 Bitcoin vs Crypto 06:08 What does Gwart "believe" in? 08:33 Revenue Meta & Fat Protocol Thesis 13:36 Interpreting the Fat Protocol Thesis 19:25 Analogies to Linux, etc 27:18 Is the DAO dead? 31:27 Devs 37:35 Creators of the Revenue delusion 40:46 Are stonks the new tokens? 45:01 Solana maxi 50:22 Real World Assets ;P 53:10 Minting new BTC maxis - 👋Bitcoin Season 2 is produced Blockspace Media, Bitcoin’s first B2B publication in Bitcoin. Follow us on Twitter and check out our newsletter for the best information in Bitcoin mining, Ordinals and tech! Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

Colin and Charlie dive deep into the Nakamoto Project's groundbreaking survey revealing what the average American really thinks about Bitcoin. From surprising ownership demographics to political shifts and moral foundations, this data challenges everything you think you know about who owns Bitcoin and why. Subscribe to the newsletter! https://newsletter.blockspacemedia.com **Notes:** • 48 million Americans own Bitcoin (18.6% surveyed) • 11 million hold their own keys (4.21%) • Hispanic/Latino ownership leads at 24.2% • 58.8% keep Bitcoin on exchanges • Political shift right since 2024 • 4 in 5 support gold-to-Bitcoin conversion Timestamps: 00:00 Start 02:14 Highlights 05:12 Who holds Bitcoin? 08:35 How do people hold Bitcoin? 12:02 Ethnicity of Bitcoin holders 16:32 Politics 20:38 Changes in ownership from 2024 22:22 Sentiment 27:26 Moral Foundations 39:00 Crypto Reserve 43:12 Policy **SEARCH OPTIMIZATION** Bitcoin, cryptocurrency, survey, demographics, ownership, Americans, politics, morality, Nakamoto Project, self-custody, exchanges, ETF, Hispanic, Latino, conservative, liberal, moral foundations, strategic reserve, gold conversion, Troy Cross, blockchain, digital assets **POSTS FOR X (TWITTER)** • "Bitcoin ownership was not skewed conservative" - last year's finding completely flipped as Trump embraced crypto @troybcross • "Bitcoin Twitter are not real life. They are a facsimile of real life, distorted and misleading" - harsh but fair reality check • "48 million Americans own Bitcoin... I'm kind of curious where all those people are" - the invisible majority problem • "Maybe white people are just looking to fill a void in their lives, so we make it a part of our personality" - brutal self-reflection • "Most people are kind of normal, rational people in that they just don't care" - about strategic Bitcoin reserves • "The average person has trouble distinguishing between Bitcoin and crypto" - education gap remains massive • "People who own Bitcoin overwhelmingly trust, know, consider high utility and consider Bitcoin good" - correlation confirmed • "Liberty as the basis for moral foundation" - strongest predictor of Bitcoin ownership according to new data **CHAPTERS CREATED BY AI (CHECK FOR ACCURACY)** 00:00 Start 00:45 Nakamoto Project Report 02:43 48M Americans Own Bitcoin 05:29 Bitcoin Storage Methods 08:36 Demographics Breakdown 12:22 Race & Ownership Rates 17:00 Political Shifts in 2025 20:39 Trump Effect Analysis 24:34 Sentiment & Attitudes 27:57 Moral Foundations 34:21 Trust & Perception 39:04 Strategic Reserve Policy 45:46 Gold Conversion Rates Learn more about your ad choices. Visit megaphone.fm/adchoices

Casey Rodarmor, creator of Bitcoin Ordinals and Runes protocols, joins us to talk about his frustration with Bitcoin politics, why he thinks Bitcoiners are becoming too cozy with politicians, the future of ordinals and runes adoption, his thoughts on stablecoins, and his fascinating new project to integrate Chinese numerology and divination systems into Bitcoin through SAT-based fortune telling. Subscribe to the newsletter! https://newsletter.blockspacemedia.com **NOTES:** • Bitcoin currently trading at $110,000 • Runes has built-in 4-year hype cycle for names • One-letter rune names unlock in final phase • Casey blames lack of creativity for runes adoption • Stablecoins expand dollar demand globally • Chinese numerology integration planned for ordinals Timestamps: 00:00 Start 00:55 Tired of Ordinals & Runes? 03:25 Bitcoin is feeling weird 06:41 Politicians 10:02 Arch Network 10:34 Bitcoin & politics 12:02 Stablecoins 14:02 Hell Money Podcast 15:20 Numerology 22:04 Vaporware? 23:35 Interesting stuff right now - 👉 Brought to you by Arch Network! Arch brings the speed of Solana & the best of crypto UX to Bitcoin. Tap into the rich app ecosystem on Arch & try out the testnet while you’re still early! Visit arch.network to learn more. - 👋Bitcoin Season 2 is produced Blockspace Media, Bitcoin’s first B2B publication in Bitcoin. Follow us on Twitter and check out our newsletter for the best information in Bitcoin mining, Ordinals and tech! Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

You're listening to Bitcoin Season 2. Subscribe to the newsletter, trusted by over 16,000 Bitcoiners: https://newsletter.blockspacemedia.com Welcome back to Bitcoin Season 2! Today, Charlie and Colin break down Michael Saylor's Bitcoin Prague keynote where he tells people to leverage it all for bitcoin - including borrowing from family members (what could go wrong?). Plus, the FHFA’s directive ordering Fannie Mae and Freddie Mac to recognize crypto as legitimate assets for mortgages, a new Bitcoin stablecoin launch, and the weird on-chain "clocking in" game that's creating the only regular fees on Bitcoin right now. NOTES: • Bitcoin trading at $107,000-$108,000 • Michael Saylor’s BTC Prague Keynote: Debt for BTC • FHFA order for recognition of crypto as an asset for mortgages • Transaction fees only 2 sats per byte • Tether market cap at $157 billion • Crypto market cap over $3 trillion total • Bitcoin market cap over $2 trillion • People clocking in 30+ days straight Timestamps: 00:00 Start 02:10 Saylor says leverage = good 11:37 Bill Putle BTC as loan backing 20:18 Stablecoins on BTC 29:16 Make sure you clock in! - 👋Bitcoin Season 2 is produced Blockspace Media, Bitcoin’s first B2B publication in Bitcoin. Follow us on Twitter and check out our newsletter for the best information in Bitcoin mining, Ordinals and tech! Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

You're listening to Bitcoin Season 2. Subscribe to the newsletter, trusted by over 16,000 Bitcoiners: https://newsletter.blockspacemedia.com Welcome back to Bitcoin Season 2! Today, @0xBunzy, Bitcoin developer and creator of foundational tools, joins us to talk about Laser Eyes, the open source wallet connection library that's become essential infrastructure; Beat Blocks, an inscription tool for putting music on Bitcoin’s blockchain; and why Bitcoin's constraints spark the most creative innovations in art and developer tooling. NOTES: • Opus codec compresses 40% smaller than MP3 • Multiple major apps now use Laser Eyes • npm installs track Bitcoin dev growth • Beat Blocks uses recursive inscriptions • P5 library enables high-quality visuals • Bitcoin friction creates better art Timestamps: 00:00 Start 01:11 How does Bunzy explain his job? 02:49 Laser Eyes 06:39 Modulat wallet construction 08:39 Beat Blocks 14:24 Browser UI experience 16:41 Art on Bitcoin as culture 20:32 Wrap up 👋Bitcoin Season 2 is produced Blockspace Media, Bitcoin’s first B2B publication in Bitcoin. Follow us on Twitter and check out our newsletter for the best information in Bitcoin mining, Ordinals and tech! Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

You're listening to Bitcoin Season 2. Subscribe to the newsletter, trusted by over 7,000 Bitcoiners: https://newsletter.blockspacemedia.com Welcome back to Bitcoin Season 2! Today, Colin and Charlie talk about the explosive growth of Bitcoin treasury companies and their financial engineering strategies. They break down Strategy's convertible debt playbook, examine why these companies trade at premiums to their Bitcoin holdings, and debate whether this trend is sustainable or an elaborate house of cards waiting to collapse. Subscribe to the newsletter! https://newsletter.blockspacemedia.com **Notes:** • MicroStrategy holds 592,100 Bitcoin • Q1 2025 revenue: $111 million • Convertible notes have 0-1% interest rates • Bitcoin needs to drop way low for liquidation • Preferred shares pay 8-10% dividends • Annual obligations: $10-20 billion Timestamps: 00:00 Start 02:59 Strategy (formerly micro) 10:42 Types of companies 15:13 Preferred stock 24:57 Closed end fund dynamics - 👋Bitcoin Season 2 is produced Blockspace Media, Bitcoin’s first B2B publication in Bitcoin. Follow us on Twitter and check out our newsletter for the best information in Bitcoin mining, Ordinals and tech! Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

Jeremy Rubin joins us to talk about his secretive Miami Bitcoin office building Polybeam bridge and a Bitcoin staking platform, his controversial ideas for redesigning Bitcoin script entirely using RISC-V instead of the current "crappy programming language," his CTV endorsement process and why CAT proposals fell short, plus his theory on optimal soft fork activation timing to avoid holidays and summer vacations. Subscribe to the newsletter! https://newsletter.blockspacemedia.com Notes: • Building Bitcoin staking platform into core client • Polybeam bridge connects Bitcoin to StarkNet • CTV endorsement process received few submissions • Recommends 10 megabytes memory for new script • Early November best time for soft fork activation • In-person work more effective than remote Timestamps: 00:00 Start 01:47 Working from home 03:17 Jeremy's secret project 04:25 Polybeam 05:35 Char & Bitcoin staking 07:19 Staking within the client 10:05 Whiteboarding at OP_NEXT 11:54 64 byte transactions 22:12 Redesigning bitcoin script 28:52 Drama & Kanye 30:55 CTV 37:34 Softfork activation (the human version) 46:01 Best day of life - 👉 Brought to you by Arch Network! Arch brings the speed of Solana & the best of crypto UX to Bitcoin. Tap into the rich app ecosystem on Arch & try out the testnet while you’re still early! Visit arch.network to learn more. - 👋Bitcoin Season 2 is produced Blockspace Media, Bitcoin’s first B2B publication in Bitcoin. Follow us on Twitter and check out our newsletter for the best information in Bitcoin mining, Ordinals and tech! Learn more about your ad choices. Visit megaphone.fm/adchoices

Charlie and Colin break down every major Bitcoin price prediction model and explain why they're all fundamentally flawed. From Plan B's broken stock-to-flow to Giovanni's power law obsession, rainbow charts, and Metcalfe's law - we expose the problems with each approach and introduce Charlie's new "institutional structured bid corridor" theory for this cycle. Subscribe to the newsletter! https://newsletter.blockspacemedia.com NOTES: • Stock-to-flow predicted $1M by 2025 - failed • Rainbow chart undefeated since 2013 • Power law predicts $100K by 2028 latest • Metcalfe's law broken by ETF adoption • Hyper-bitcoinization chart shows $100B BTC • Institutional money creating price channels Timestamps: 00:00 Start 00:34 Price Models 02:09 Stock to Flow 10:48 Rainbow Chart 14:59 Arch Network 15:31 Power Law 21:40 Metcalfe's Law 28:03 Hyperbitcoinization Model 30:47 Institutional Structure Bid Corridor Model - 👉 Brought to you by Arch Network! Arch brings the speed of Solana & the best of crypto UX to Bitcoin. Tap into the rich app ecosystem on Arch & try out the testnet while you’re still early! Visit arch.network to learn more. - 👋Bitcoin Season 2 is produced Blockspace Media, Bitcoin’s first B2B publication in Bitcoin. Follow us on Twitter and check out our newsletter for the best information in Bitcoin mining, Ordinals and tech! Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

Nick, co-founder of Gamma, joins us to talk about the broken NFT market discovery process and how their new platform Signals fixes the ridiculous whitelist system. We dive into Bitcoin ordinals vs traditional NFTs, why inscriptions are superior to off-chain storage, and how auction-style price discovery creates fairer markets for creators and collectors. Subscribe to the newsletter! https://newsletter.blockspacemedia.com Notes: • Tens of thousands of Bitcoin nodes store inscriptions • 2021 marked peak NFT hype cycle craze • Most NFT data stored on centralized servers • Signals uses auction clearing price model • Bitcoin inscriptions permanently on-chain • Traditional NFTs just track ownership Timestamps 00:00 Start 00:49 Inscribing Vegas conference 02:47 NFT market currently 05:45 Market participants 11:44 Why are Ordinals & Inscriptions interesting? 20:36 Arch Network 21:08 Price discovery (it's harder than it looks) 29:09 Signals Art 39:54 Blockspace 40:43 Is a market equilibrium possible? 45:05 Wrap up 47:53 Invite code #BS2 - 👉 Brought to you by Arch Network! Arch brings the speed of Solana & the best of crypto UX to Bitcoin. Tap into the rich app ecosystem on Arch & try out the testnet while you’re still early! Visit arch.network to learn more. - 👋Bitcoin Season 2 is produced Blockspace Media, Bitcoin’s first B2B publication in Bitcoin. Follow us on Twitter and check out our newsletter for the best information in Bitcoin mining, Ordinals and tech! Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

Charlie and Colin dive deep into the dark side of crypto wealth - the rising amount of physical attacks, kidnappings, and torture targeting Bitcoin holders. From the Ledger co-founder's mutilation in France to wild NYC penthouse hostage situations involving crack cocaine and air fryers, they explore real cases and share Jameson Lopp's security wisdom. Subscribe to the newsletter! https://newsletter.blockspacemedia.com **Notes:** • Ledger co-founder kidnapped 2 days, fingers cut • American tourist lost $125K in London scam • Italian held 17 days, $28M crypto extorted • 90+ officers in French rescue operation • Attacks started with Hal Finney in 2014 • Most incidents happen in Europe/Asia Timestamps: 00:00 Start 01:08 What is a wrench attack? 05:33 Jameson Lopp 08:19 3 Types of attacks 09:34 Kidnapping (Ledger Case) 12:19 Kidnapping (French Father Case) 13:03 Attempted Abduction (France Daughter of CEO) 14:59 Arch Network 15:31 Wrench Attack Tracker 19:10 Hostage (American Tourist London) 22:08 Different custody setups 24:34 Hostage (Kentucky Crypto King) 30:58 Best practices - 👉 Brought to you by Arch Network! Arch brings the speed of Solana & the best of crypto UX to Bitcoin. Tap into the rich app ecosystem on Arch & try out the testnet while you’re still early! Visit arch.network to learn more. - 👋Bitcoin Season 2 is produced Blockspace Media, Bitcoin’s first B2B publication in Bitcoin. Follow us on Twitter and check out our newsletter for the best information in Bitcoin mining, Ordinals and tech! Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

Vortex joins us to talk about Bitcoin's unfinished evolution, the critical need for soft fork upgrades like CTV and check sig from stack, parallels between Roger Ver and Michael Saylor's influence, lessons from the block size war, and why technical development can't stop despite growing political resistance within the Bitcoin community. Subscribe to the newsletter! https://newsletter.blockspacemedia.com **Notes:** • Bitcoin at $110,000 feels eerily casual in 2025 • CTV has $500k+ bug bounty with no exploits found • Only 3-5% of global population has used Bitcoin • Next cycle could see $2M+ Bitcoin price target • ETFs defined this cycle; governments next • Lightning needs upgrades for high-fee environments Timestamps: 00:00 Start 01:20 The RETURN of Vortex 03:47 Blocksize War vs Now 08:41 Roger Ver & Micheal Saylor 14:56 Why not big blocks? 19:38 UASF (user activated soft fork) 20:47 CTV + CSFS 24:49 Current state of Bitcoin 31:50 Protecting your psyche - 👉 Brought to you by Arch Network! Arch brings the speed of Solana & the best of crypto UX to Bitcoin. Tap into the rich app ecosystem on Arch & try out the testnet while you’re still early! Visit arch.network to learn more. - 👋Bitcoin Season 2 is produced Blockspace Media, Bitcoin’s first B2B publication in Bitcoin. Follow us on Twitter and check out our newsletter for the best information in Bitcoin mining, Ordinals and tech! Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

Charlie and Colin record live from Bitcoin 2025 in Las Vegas to discuss VP JD Vance's nuanced Bitcoin takes, the conference's corporate transformation, Lightning Network's 9.7% APR yields, Peter Schiff's surprising Bitcoin NFT sales, conference security issues, and whether Bitcoin has lost its cypherpunk roots to Wall Street suits. Subscribe to the newsletter! https://newsletter.blockspacemedia.com NOTES: • Bitcoin market cap: $2 trillion, $100k+ price • Lightning routing earned 9.7% APR yields • Conference had 30k attendees, 4k BTC payments • Peter Schiff sold NFTs for 0.01-0.02 BTC each • Vegas conference returning next year • Multiple stages: 6-7 different tracks Timestamps: 00:00 Start 02:03 Peter Schiff <3 Bitcoin 04:19 Vibe check 10:36 Sh!#coins galore! 14:30 JD Vance 20:45 Not much gambling 22:24 9.7% APY Lightning Routing Node 27:31 Square enables Bitcoin payments 29:37 New scammer crowd 30:55 Bitcoin skull 33:29 Sh!#coin swag room service? - 👉 Brought to you by Arch Network! Arch brings the speed of Solana & the best of crypto UX to Bitcoin. Tap into the rich app ecosystem on Arch & try out the testnet while you’re still early! Visit arch.network to learn more. - 👋Bitcoin Season 2 is produced Blockspace Media, Bitcoin’s first B2B publication in Bitcoin. Follow us on Twitter and check out our newsletter for the best information in Bitcoin mining, Ordinals and tech! Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

PortlandHODL explains Bitcoin's most dangerous vulnerability: poison blocks. These malicious blocks can freeze nodes for 11+ hours on Raspberry Pi devices and 25 minutes on enterprise hardware, creating profitable attack opportunities for miners while exposing how relay policy acts as an accidental guardian of the network. Follow our guests: @PortlandHODL Notes: • Poison Blocks (denial of service) • Raspberry Pi validation: 11 hours for poison blocks • Enterprise hardware: 25 minutes validation time • Attack gives 20% effective hash rate boost • Fix exists in Great Consensus Cleanup • Bitcoin fees currently under $1 Timestamps: 00:00 Start 00:53 Real threats to Bitcoin 04:55 How is block made? 11:46 Nodes & DOS blocks 20:03 Making DOS blocks 29:33 Arch Network 30:05 Miners & DOS blocks 36:46 Attack response time 40:47 Fixing the problem 43:25 Why not fixed yet? 54:12 Client diversity 1:01:11 Other good soft forks 1:05:12 Are you worried? 1:10:03 "Deep Thoughts" by Portland HODL - 👉 Brought to you by Arch Network! Arch brings the speed of Solana & the best of crypto UX to Bitcoin. Tap into the rich app ecosystem on Arch & try out the testnet while you’re still early! Visit arch.network to learn more. - 👋Bitcoin Season 2 is produced Blockspace Media, Bitcoin’s first B2B publication in Bitcoin. Follow us on Twitter and check out our newsletter for the best information in Bitcoin mining, Ordinals and tech! Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

Charlie and Colin reveal the shocking truth about Bitcoin Pizza Day that mainstream media got wrong. Laszlo didn't just spend 10,000 Bitcoin on pizza - he spent nearly 80,000 Bitcoin throughout 2010! We dive deep into how his GPU mining discovery revolutionized Bitcoin, why Satoshi sent him a concerned email, and how this "penance" may have actually saved Bitcoin's decentralization in its early days. **Notes:** • Laszlo spent ~80,000 Bitcoin total on pizza in 2010 • GPU mining was 10x more powerful than CPU mining • Bitcoin hash rate increased 130,000% by end of 2010 • Laszlo had 1-1.5% of entire Bitcoin supply 2009-2010 • His wallet peaked at 43,854 Bitcoin • Total wallet flows were 81,432 Bitcoin Timestamps: 00:00 Start 00:28 Lies, damn lies.. and pizza 02:21 What actually happened 05:46 It's actually WAY MORE than you think 11:15 Arch Network 11:47 Laslo "saved" Bitcoin 19:12 Pizza or penance? - 👉 Brought to you by Arch Network! Arch brings the speed of Solana & the best of crypto UX to Bitcoin. Tap into the rich app ecosystem on Arch & try out the testnet while you’re still early! Visit arch.network to learn more. - 👋Bitcoin Season 2 is produced Blockspace Media, Bitcoin’s first B2B publication in Bitcoin. Follow us on Twitter and check out our newsletter for the best information in Bitcoin mining, Ordinals and tech! Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices