Stephan Livera Podcast

Alex B rejoins me on the show to chat about bitcoin security over the longer term and updates on his ETH centralisation thesis. We discuss: Bitcoin’s long term security and blockspace market How miner fees shifted over time in Bitcoin and why Tail emission arguments are dumb Which nodes matter? Lido and ETH centralisation Will efforts to fix it work? Links: Twitter: @bergealex4 SLP303 Ethereum's Path To Centralisation With Alex B Sponsors: Swan Bitcoin Mempool.space Braiins.com Voltage Unchained Capital (code LIVERA) CoinKite.com(code LIVERA)

Pierre Rochard rejoins me on the show to talk about Full Reserve, Fractional Reserve, and how Bitcoin obsolete Fractional Reserve Banking: Full vs Fractional Reserve Fiduciary media Is the current system full or fractional reserve? Various historical or current examples from the bitcoin economy How would businesses work under a bitcoin full reserve system Links: Twitter: @BitcoinPierre Related article: In Defense of Bitcoin Full Reserve: Not Anti-credit, but Anti-fiduciary Media Previous Episodes: SLP3 – Bitcoin Investment Theses with Pierre Rochard SLP11 – Bitcoin’s Decentralised Governance, with Pierre Rochard SLP35 Pierre Rochard – Lightning Power Excel Plugin, Lightning Residency SLP147 Pierre Rochard & Saifedean Ammous – Bitcoin as Savings Technology & Number Go Up SLP214 Pierre Rochard & Fabian Jahr – Where Are All The Bitcoins? SLP367 Pierre Rochard – Lightning Network & Kraken Sponsors: Swan Bitcoin Mempool.space Braiins.com Voltage Unchained Capital (code LIVERA) CoinKite.com(code LIVERA)

Greg Foss, Bond market veteran investor, and bitcoin/macro commentator rejoins me on the show to talk about the situation with global debt, bond markets and why Bitcoin is cheap protection. We chat: US Fed Japanese debt markets The 60:40 stocks and bonds allocation and what changes Sell Bonds, Buy Bitcoin Scenarios for how this plays out Looking Glass Education Links: Twitter: @FossGregfoss Site: Lookingglasseducation.com Prior episode: SLP293 Greg Foss The Debt Problem You Can’t Ignore Sponsors: Swan Bitcoin Mempool.space Braiins.com Voltage Unchained Capital (code LIVERA) CoinKite.com(code LIVERA)

Jonas Nick & Tim Ruffing, bitcoin researchers and contributors at Blockstream rejoin me on the show, this time to chat about half signature aggregation. This is a scaling technique that can help scale Bitcoin and enable more transactions inside a block or help with L2 protocols. We discuss: How this idea came to be What is half aggregation vs ‘full aggregation’? What kind of savings are possible? What are the downsides? How would this work in practice? Is a soft fork required? Next steps for discussion, research, contributors Links: Twitter: @n1ckler Twitter: @real_or_random Blog post: Half-Aggregation of BIP 340 Signatures CISA github: Cross-Input Signature Aggregation (CISA) Half aggregation: Half-Aggregation of BIP 340 signatures Previous Episodes SLP222 Jonas Nick and Tim Ruffing What’s MuSig2? What Does it Mean for Bitcoin Multisig? SLP321 On-chain scaling with Bitcoin Core Developers Pieter Wuille, Andrew Poelstra, Andrew Chow & Murch Sponsors Swan Bitcoin Braiins.com Voltage Unchained Capital (code LIVERA) CoinKite.com(code LIVERA) Stephan Livera links: Show notes and website Follow me on Twitter @stephanlivera Subscribe to the podcast Patreon @stephanlivera

Christian Keroles (aka CK), GM of Bitcoin Magazine joins me on the show to talk about the problems Europe is facing, and why Bitcoin is good for Europe: The problems Europe is facing Anti bitcoin laws and regulations AMLD5 FATF and Travel Rule MiCA and Proof of Work Why Bitcoin is good for Europe Bitcoin Conference in Amsterdam What Bitcoiners can do about it Links: Twitter: @ck_SNARKs Bitcoin Amsterdam:Bitcoin is making history in Europe - October 12-14,2022  Site: Bitcoinmagazine.com SLP394 Beautyon – Bitcoin is Not Money: EU Attack on Bitcoin SLP379 Gigi – Dealing with Linguistic Attacks on Bitcoin SLP318 Ronald Pol – The ineffectiveness of AML Hass McCook Bitcoin Magazine articles mentioned Sponsors Swan Bitcoin Braiins.com Voltage Unchained Capital (code LIVERA) CoinKite.com(code LIVERA) Stephan Livera links: Show notes and website Follow me on Twitter @stephanlivera Subscribe to the podcast Patreon @stephanlivera

Ansel Lindner, Bitcoin podcaster and writer of BitcoinAndMarkets.com joins me on the show to talk about his framework for assessing: Inflation or Deflation? The money stock Credit cycles over time What bitcoin does for the world Could inflation and fractional reserve happen again on top of bitcoin? Links: Twitter: @AnselLindner Site: Bitcoinandmarkets.com Sponsors Swan Bitcoin Braiins.com Voltage Unchained Capital (code LIVERA) CoinKite.com(code LIVERA) Stephan Livera links: Show notes and website Follow me on Twitter @stephanlivera Subscribe to the podcast Patreon @stephanlivera

Stack Hodler, twitter anon investor joins me to chat: Fiat currencies & #Bitcoin JPY and Japanese bond market Why you shouldn’t #GetOnZero Credit Cycles Mortgage Boycotts BRICS Links: Twitter: @stackhodler Sponsors Swan Bitcoin Braiins.com Voltage Unchained Capital (code LIVERA) CoinKite.com(code LIVERA) Stephan Livera links: Show notes and website Follow me on Twitter @stephanlivera Subscribe to the podcast Patreon @stephanlivera

Allen Farrington (author and professional investor) joins me on the show to talk about Austrian economics, Capital & DeFi Yield: Austrian economics and Bitcoin Where does the 2% inflation target come from? The world Bitcoin will enable Altcoin DeFi yield: where does it come from? Bitcoin price and market depth Links: Twitter: @allenf32 Bitcoin is Venice book Only The Strong Survive Mentioned Mises.org article: The Origins of the 2 Percent Inflation Target Bob Murphy’s article in response to ‘sticky wages’ criticism: Are "Sticky Wages" a Market Failure? Related episode: SLP311 Bitcoin: Only The Strong Survive – with Big Al Sponsors Swan Bitcoin Braiins.com Voltage Unchained Capital (code LIVERA) CoinKite.com(code LIVERA) Stephan Livera links: Show notes and website Follow me on Twitter @stephanlivera Subscribe to the podcast Patreon @stephanlivera

John Tamny of FreedomWorks and Editor at Real Clear Markets joins me on the show to chat about his alternative take on inflation, fractional reserve banking, as well as why we should be optimistic about things going forward: Defining inflation Debate on Austrian economics & FRB Is monetary stability possible? 2 years of Hysteria Optimism for the future Links: Twitter: @johntamny Site: Freedomworks.org Site: Realclearmarkets.com Sponsors Swan Bitcoin Braiins.com Voltage Unchained Capital (code LIVERA) CoinKite.com(code LIVERA) Stephan Livera links: Show notes and website Follow me on Twitter @stephanlivera Subscribe to the podcast Patreon @stephanlivera

Beautyon (Akin) rejoins me on the show to talk about the EU attack on Bitcoin and the confusing way people speak/learn about Bitcoin. We chat: Misleading terminology (unhosted wallets) Bitcoin as text & speech, not money The map is not the terrain What bitcoin builders can do What happens to countries who refuse Bitcoin Links: Twitter: @Beautyon_ Bitcoin Mag article: The European Union’s Attack On Bitcoin Is An English And Math Comprehension Problem Site: azte.co Related episode: SLP379 Gigi – Dealing with Linguistic Attacks on Bitcoin Prior episode with Beautyon SLP16 - Keeping Bitcoin Simple, with Beautyon (Akin Fernandez) Sponsors Swan Bitcoin Braiins.com Voltage Unchained Capital (code LIVERA) CoinKite.com(code LIVERA) Stephan Livera links: Show notes and website Follow me on Twitter @stephanlivera Subscribe to the podcast Patreon @stephanlivera