Explorez tous les épisodes du podcast The Bitcoin Frontier
| Titre | Date | Durée | |
|---|---|---|---|
| Is bitcoin about to enter a parabolic growth phase? with Rational Root | 24 Sep 2024 | 01:04:06 | |
In this episode, we sit down with Rational Root to explore whether bitcoin is on the verge of entering a parabolic growth phase. We discuss key indicators, including on-chain data, market cycles, and global liquidity trends, to assess the current state of bitcoin and its potential for rapid price acceleration. Root breaks down the importance of short-term holder behavior, ETF flows, and the psychology of the market. We also consider external factors, such as macroeconomic conditions and regulatory developments, that could fuel or hinder bitcoin's next major move. SUPPORT THE PODCAST: → Subscribe → Leave a review → Share the show with your friends and family → Send us an email podcast@unchained.com TIMESTAMPS: 01:40 Where are we in the 4 year cycle? 04:55 Bitcoin goes sideways or down a majority of the time 08:14 Cycles from the bottom 13:03 On-chain value map 21:21 Do ETFs change on-chain analytics? 24:00 Psychology of a bitcoin market cycle 26:23 Global liquidity catalyst 30:14 Short-term holder supply 34:38 Bitcoin ETF flows 43:30 Bitcoin ETF cost basis 45:55 Bitwise proof of reserves 49:40 HODL Model update 1:01:40 Closing thoughts WHERE TO FOLLOW US: → Unchained Twitter: https://twitter.com/unchainedcom → Unchained LinkedIn: https://www.linkedin.com/company/unchainedcom → Unchained Newsletter: https://unchained.com/newsletter → Joe Burnett’s Twitter: https://twitter.com/IIICapital → Rational Root’s Twitter: https://x.com/therationalroot | |||
| How does the FBI think about bitcoin? with Ren McEachern | 17 Sep 2024 | 01:10:31 | |
In this episode, former FBI agent Ren McEachern breaks down financial crime and fraud in the digital age. We cover how criminals use different monetary tools for money laundering, whether the FBI can reverse wire transfers, and their work on the dark web. Ren explains asset seizures, including high-value items like yachts, and the unique challenges of seizing and liquidating bitcoin. We also discuss the FBI’s evolving stance on bitcoin, tracing crypto transactions, and using off-chain data to prevent fraud. Lastly, we tackle the potentially fraudulent NFT market, and Ren shares what he sees as the biggest risk to bitcoin today. SUPPORT THE PODCAST: → Subscribe → Leave a review → Share the show with your friends and family → Send us an email podcast@unchained.com TIMESTAMPS: 01:30 Introduction and Background 06:00 Most common monetary tool used in money laundering? 09:08 Can the FBI reverse wire transfers? 12:48 FBI and the dark web 15:12 Brazil banning X.com 17:15 Seizing assets and chasing yachts 21:55 Liquidating seized assets and yachts 24:00 The difficulty of seizing bitcoin 29:00 Government seizure of bitcoin and liquidation 37:00 Trump’s strategic bitcoin stockpile 40:00 The FBI's perspective on bitcoin 50:10 Future of fraud with bitcoin and crypto? 01:01:25 Is the NFT market just money laundering? 01:04:30 Most commonly used crypto for fraud? 01:08:13 Biggest risk to bitcoin? WHERE TO FOLLOW US: → Unchained Twitter: https://twitter.com/unchainedcom → Unchained LinkedIn: https://www.linkedin.com/company/unchainedcom → Unchained Newsletter: https://unchained.com/newsletter → Joe Burnett’s Twitter: https://twitter.com/IIICapital → Ren McEachern’s LinkedIn: https://www.linkedin.com/in/george-ren-mceachern | |||
| Bitcoin is becoming a coiled spring with Nik Bhatia | 16 Jul 2024 | 00:51:28 | |
In this episode, Nik Bhatia provides a comprehensive analysis of current market conditions, starting with an overview of the macroeconomic landscape and its implications for various assets, including bitcoin. He explores bitcoin's potential performance under different macro scenarios and examines whether broken monetary systems actually hinder bitcoin adoption. The discussion extends to global liquidity trends and their impact on bitcoin, insights into the efficiency of markets, log bitcoin charts, and academic perspectives. Bhatia also identifies potential catalysts for the next wave of bitcoin adoption and debates whether paper bitcoin is suppressing its price. SUPPORT THE PODCAST: → Subscribe → Leave a review → Share the show out with your friends and family → Send us an email podcast@unchained.com TIMESTAMPS: 00:00:00 Intro 00:01:57 Macro—where do you see markets right now? 00:06:47 How will bitcoin perform in various macro conditions? 00:10:56 Does broken money actually slow bitcoin adoption? 00:15:12 Global liquidity and bitcoin 00:26:10 Efficient markets, log bitcoin chart, and academics 00:30:54 Catalyst for next adoption wave 00:35:17 Is paper bitcoin suppressing the price? 00:45:10 Does bitcoin weaken or strengthen the Dollar over the next decade? 00:49:00 What’s it like teaching young people about bitcoin? 00:49:51 What’s something you believe that most bitcoiners would disagree with? 00:50:09 What’s the biggest risk to bitcoin? 00:50:35 Closing thoughts WHERE TO FOLLOW US: → Unchained Twitter: https://twitter.com/unchainedcom → Unchained Linkedin: https://www.linkedin.com/company/unchainedcom → Unchained Newsletter: https://unchained.com/newsletter → Joe Burnett’s Twitter: https://twitter.com/IIICapital → Nik Bhatia’s Twitter: https://x.com/timevalueofbtc | |||
| Bitcoin is valuable because it’s censorship resistant with Andrew Bailey | 09 Jul 2024 | 00:57:46 | |
In this episode, Andrew Bailey, author of Resistance Money, explores the philosophical foundations of bitcoin and its role as resistance money. He discusses the need for resistance in today's socio-economic landscape, who benefits from it, and why he wrote another bitcoin book. Andrew argues for bitcoin's adoption based on more widely held beliefs and examines its value in a censorship-free world. He addresses the role of privacy, bitcoin's future, and the importance of self-custody versus centralized custody. The conversation also covers the ossify versus non-ossify debate, personal reputational risks, its political impact, and its biggest risks. SUPPORT THE PODCAST: → Subscribe → Leave a review → Share the show out with your friends and family → Send us an email podcast@unchained.com TIMESTAMPS: 00:00:00 Introduction 00:01:24 What is Resistance Money? 00:02:17 Andrew’s philosophy background 00:04:46 What do people need to resist? 00:07:52 Who needs resistance money? 00:10:58 Why write another bitcoin book? 00:12:38 Arguing for bitcoin from more widely held beliefs 00:14:37 Is bitcoin valuable if there is no censorship? 00:15:47 How does philosophy help us understand bitcoin? 00:19:49 Bitcoin as an alien technology drop 00:21:36 What’s the role of privacy and money? 00:23:32 Can there be too much privacy? 00:27:05 Bitcoin is a new tool in today’s reality 00:28:00 Where is bitcoin in a decade? 00:31:59 How can we accelerate self-custody adoption? 00:33:55 What’s the concern with centralized custody? 00:37:35 Ossify vs not ossify fork 00:42:56 Risking your reputation talking positively about bitcoin? 00:46:23 When will bitcoin become not fringe? 00:48:53 How might bitcoin transform politics? 00:52:46 Biggest risk to bitcoin? 00:55:27 What’s something you believe about bitcoin that many bitcoiners would disagree with? 00:56:45 Closing thoughts WHERE TO FOLLOW US: → Unchained Twitter: https://twitter.com/unchainedcom → Unchained Linkedin: https://www.linkedin.com/company/unchainedcom → Unchained Newsletter: https://unchained.com/newsletter → Joe Burnett’s Twitter: https://twitter.com/IIICapital → Andrew Bailey’s Twitter: https://x.com/resistancemoney → Andrew’s book: https://www.resistance.money | |||
| Why Olympic athletes need bitcoin with Jeremy HK Nova | 02 Jul 2024 | 00:55:20 | |
In this episode, former 12x USA national mountain bike champion and Olympian Jeremy HK Nova shares his journey from the trails to bitcoin. He reflects on life lessons, proud achievements, and the evolution of mountain biking globally and in the US. Jeremy discusses his transition from professional racing, discovering bitcoin, and his interest in macroeconomics. He explains why he sold his rental properties for bitcoin and why extreme sports athletes should start embracing bitcoin. The conversation explores exercise science misconceptions, Jeremy's bitcoin pitch to mountain bikers, and bitcoin's impact in El Salvador. Jeremy also talks about his work at Studio Shed, demonetizing real estate, and his unique views on bitcoin. SUPPORT THE PODCAST: TIMESTAMPS:
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| Sound money, bitcoin, and gold on Wall Street with Ray Kamrath | 25 Jun 2024 | 00:54:37 | |
In this episode, Ray Kamrath, Chief Commercial Officer of Bakkt, shares his journey from Wall Street to embracing bitcoin. Starting with a light-hearted recount of riding scooters and breaking his arm in Austin, Ray narrates his first encounter with bitcoin and the concept of sound money. He contrasts gold and bitcoin, explains his decision to join Bakkt, and he explores the potential for an institutional driven bull market. Ray offers insights into political interactions with bitcoin, valuation methods, and a potential monetary reset. The discussion also covers collaborative custody, differentiating bitcoin from other cryptocurrencies, and Bakkt's future trajectory. SUPPORT THE PODCAST: → Subscribe → Leave a review → Share the show out with your friends and family → Send us an email podcast@unchained.com TIMESTAMPS: 00:00:00 Introduction 00:01:20 Who is Ray Kamrath? 00:02:38 Riding scooters and breaking arms in Austin 00:03:36 Ray first hearing about bitcoin 00:07:50 Talking about sound money on Wall Street 00:10:37 Gold vs bitcoin 00:11:36 Why join Bakkt? 00:16:15 An institutional-driven bull market 00:22:20 Government and bitcoin 00:24:39 How do you value bitcoin? 00:27:20 Monetary reset–what does it look like? 00:31:30 Which countries will influence the market most? 00:38:30 Collaborative custody and a network of keys 00:42:18 Bitcoin vs crypto 00:45:47 Where is Bakkt in 5 years? 00:47:10 Where is bitcoin in 5 years? 00:48:54 Passive flows, MSTR, and bitcoin 00:50:41 What’s something you believe that most bitcoiners would disagree with? 00:51:47 What’s the biggest risk to bitcoin? 00:53:59 Closing thoughts WHERE TO FOLLOW US: → Unchained Twitter: https://twitter.com/unchainedcom → Unchained Linkedin: https://www.linkedin.com/company/unchainedcom → Unchained Newsletter: https://unchained.com/newsletter → Joe Burnett’s Twitter: https://twitter.com/IIICapital → Ray Kamrath’s Twitter: https://x.com/Ray_Kamrath → Bakkt’s Twitter: https://x.com/Bakkt | |||
| Onboarding the world to the Lightning Network with David Marcus | 18 Jun 2024 | 00:57:10 | |
In this episode, David Marcus, CEO and co-founder of Lightspark, discusses his journey from Facebook to bitcoin and the challenges of integrating Lightning at Coinbase. He explores the pace of bitcoin adoption, differentiates between custodial and non-custodial Lightning services, and addresses the market for goods transactable only over the Lightning network. The conversation also touches on the impact of AI on financial services, the future of Visa and Mastercard with bitcoin, and issues with taxes on smaller bitcoin payments. SUPPORT THE PODCAST: → Subscribe → Leave a review → Share the show out with your friends and family → Send us an email podcast@unchained.com TIMESTAMPS: 00:00:00 Introduction 00:01:35 Founded and exited multiple companies—why so much success? 00:02:50 Leaving Facebook to start Lightspark? 00:07:03 Telecom and paypal to bitcoin? 00:08:19 David’s first touchpoint with bitcoin 00:12:26 Adoption occurring faster or slower than you expected? 00:15:20 Implementing Lightning at Coinbase 00:17:50 What took Coinbase so long to implement Lightning? 00:20:30 Transaction fees on L1 and L2 00:23:05 Is Lightning broken? 00:25:55 Custodial Lightning vs non-custodial Lightning 00:33:40 Spending bitcoin vs Lightning as payment technology only 00:35:19 Concerns with stablecoins on Lightning? 00:36:50 Tether’s rapid growth 00:38:24 Goods and services only sold over the Lightning network? 00:40:17 Future of AI and AI agents 00:42:45 Wealth created from AI? 00:45:07 Lightspark, Visa, and Mastercard 00:47:09 Barriers to break into in person retail payments 00:49:50 Will Visa and Mastercard be forced to adopt bitcoin and Lightning? 00:50:40 Will taxes always be a hurdle for bitcoin payments? 00:51:25 Will the Visa and bank “3% payment fee” eventually go away? 00:52:39 What’s something you believe that most bitcoiners would disagree with? 00:54:44 What’s the biggest risk to bitcoin and Lightning? 00:56:46 Closing thoughts WHERE TO FOLLOW US: → Unchained Twitter: https://twitter.com/unchainedcom → Unchained Linkedin: https://www.linkedin.com/company/unchainedcom → Unchained Newsletter: https://unchained.com/newsletter → Joe Burnett’s Twitter: https://twitter.com/IIICapital → David Marcus’s Twitter: https://x.com/davidmarcus | |||
| Bitcoin's strategic value for America with Alex Thorn | 11 Jun 2024 | 01:04:40 | |
In this episode, Alex Thorn, Head of Research at Galaxy, explores the implications of states attacking bitcoin and discusses how the U.S. can support bitcoin. He analyzes potential catalysts for the U.S. government buying bitcoin and questions if Nvidia and mega-cap tech are in a bubble. The conversation covers bitcoin’s stability and volatility, the prospect of MicroStrategy in the S&P 500, and when more companies might adopt similar strategies. He also addresses another wave of CPI inflation, Balaji’s $1,000,000 bitcoin prediction, the beliefs of MMTers, and what drives bitcoin cycles. The episode concludes with discussions on bitcoin scaling, contrarian beliefs, risks to bitcoin, and Alex's Unchained and Bitcoin Commons rap. SUPPORT THE PODCAST: → Subscribe → Leave a review → Share the show out with your friends and family → Send us an email podcast@unchained.com TIMESTAMPS: 00:00:00 Introduction 00:01:52 “Attacking bitcoin will harm america more than bitcoin.” 00:04:35 How can America support bitcoin? 00:08:15 Catalyst for U.S. government buying bitcoin 00:10:08 Is Nvidia and mega cap tech a bubble? 00:13:52 Bitcoin’s stability and volatility 00:15:42 Microstrategy in S&P 500? 00:18:01 When will more companies copy Microstrategy? 00:19:37 Different corporate bitcoin strategies 00:20:50 When may bitcoin become less volatile? 00:26:50 Why do academics and economists still disregard bitcoin? 00:28:35 Will bitcoin be obvious in hindsight? 00:30:20 Is another wave of CPI inflation coming? 00:32:15 Are assets going up regardless of decreasing or increasing rates? 00:34:47 Balaji’s $1,000,000 bitcoin prediction in 90 days 00:37:26 MMTers—do they believe what they say? 00:39:50 What drives bitcoin cycles? Halving, macro or something else? 00:42:37 Bitcoin was not just a ZIRP phenomenon 00:45:06 S2F and power law models 00:47:38 Research at Galaxy 00:51:48 Will bitcoin scale on Lightning or a different L2? 00:56:20 What’s something you believe that most bitcoiners would disagree with? 00:57:58 What’s the biggest risk to bitcoin? 01:04:03 Closing thoughts WHERE TO FOLLOW US: → Unchained Twitter: https://twitter.com/unchainedcom → Unchained Linkedin: https://www.linkedin.com/company/unchainedcom → Unchained Newsletter: https://unchained.com/newsletter → Joe Burnett’s Twitter: https://twitter.com/IIICapital → Alex Thorn’s Twitter: https://x.com/intangiblecoins | |||
| Understanding the perfect scarcity of bitcoin with HODL Waves pioneer John Ratcliff | 04 Jun 2024 | 01:15:36 | |
In this episode, John Ratcliff, a bitcoin blockchain analytics pioneer and early bitcoin adopter since 2013, explores the extremity of bitcoin scarcity. John shares his extensive background as a game developer and how he initially began to understand bitcoin. He discusses the similarities between early game development and bitcoin's block size limit, as well as the interesting connection between bitcoin and freemasonry. The conversation also covers topics like Modern Monetary Theory (MMT), UFOs, and the mindset needed to analyze the bitcoin blockchain. Listeners will learn John’s perspective on bitcoin price models, the true scarcity of bitcoin, and practical advice for young people incorporating bitcoin into their lives. SUPPORT THE PODCAST: → Subscribe → Leave a review → Share the show out with your friends and family → Send us an email podcast@unchained.com TIMESTAMPS: 00:00:00 Introduction 00:01:35 John’s background as a game developer and 2013 bitcoiner 00:02:57 Did being a video game developer help you understand bitcoin? 00:07:38 John’s catalyst to understanding bitcoin 00:11:42 Money or markets within video games 00:13:05 Resource constraints in bitcoin and early game development 00:19:39 Bitcoin video games 00:20:17 You’re a freemason–what is a freemason? 00:23:29 Bitcoin and freemasons 00:27:19 Do MMTers actually believe what they say? 00:29:26 UFOs, aliens, and open mindedness 00:34:30 Analyzing the bitcoin blockchain 00:51:00 How scarce is bitcoin 01:05:18 Bitcoin price models—S2F and power law 01:06:16 Advice for young people making bitcoin a part of their life 01:14:20 Something you believe that most holders of bitcoin would disagree? WHERE TO FOLLOW US: → Unchained Twitter: https://twitter.com/unchainedcom → Unchained Linkedin: https://www.linkedin.com/company/unchainedcom → Unchained Newsletter: https://unchained.com/newsletter → Joe Burnett’s Twitter: https://twitter.com/IIICapital → John Ratcliff’s Twitter: https://x.com/jratcliff | |||
| AI, AGI, and bitcoin: unleashing human abundance with Christopher David | 28 May 2024 | 00:54:57 | |
In this episode, Christopher David, a self-taught software engineer with two decades of experience, dives into the future of AI and bitcoin. Christopher offers his expert analysis on OpenAI's GPT-4o model release, the evolving dynamics between humans and AI, and the pivotal question of whether AI will replace or create millions of jobs. He also examines the future landscape of closed-source versus open-source models, the innovative ways software engineers are leveraging LLMs, and the potential arrival of AGI. SUPPORT THE PODCAST: → Subscribe → Leave a review → Share the show out with your friends and family → Send us an email podcast@unchained.com TIMESTAMPS: 00:00:00 Introduction 00:01:35 Christopher’s software and bitcoin background 00:02:47 Thoughts on Open AI GPT-4o? 00:07:00 Is technology actually accelerating? 00:13:08 Will we use AI as a personal assistant or as autonomous agents? 00:19:18 What is AGI? When will we see AGI? 00:24:30 How will humans continue to interact with AI models? 00:28:14 Will AI replace or create jobs? 00:31:20 AI models and software engineering 00:36:14 Will open source models keep pace with closed source models? 00:38:13 One big AGI model or many niche models? 00:41:22 How does bitcoin fit into the future of AI? 00:43:05 What is OpenAgents? 00:45:53 What is an AI agent? 00:49:22 Does AI destroy moats around SaaS companies? 00:51:23 Are we approaching a technological singularity? 00:52:53 Is AI a centralizing or decentralizing technology? 00:53:58 Closing thoughts WHERE TO FOLLOW US: → Unchained Twitter: https://twitter.com/unchainedcom → Unchained Linkedin: https://www.linkedin.com/company/unchainedcom → Unchained Newsletter: https://unchained.com/newsletter → Joe Burnett’s Twitter: https://twitter.com/IIICapital → Christopher David’s Twitter: https://x.com/AtlantisPleb | |||
| How to win fork wars and bitcoin’s total potential market with Bitstein | 21 May 2024 | 01:13:21 | |
In this episode, Bitstein discusses critical aspects of bitcoin's history. We begin with an analysis of the 2015-2017 blocksize war and its implications. Bitstein offers insights on potential future bitcoin fork wars and whether he would ever support any future hard forks. We explore bitcoin's antifragility and why institutions like the Mises Institute haven't fully embraced it. Bitstein also outlines the long-term vision of the Nakamoto Institute. We then examine stock-to-flow and power law models to understand bitcoin’s “boundless” total addressable market (TAM). SUPPORT THE PODCAST: → Subscribe → Leave a review → Share the show out with your friends and family → Send us an email podcast@unchained.com TIMESTAMPS: 00:00:00 Introduction 00:01:36 2015-2017 blocksize war 00:21:21 Will there be future bitcoin fork wars? 00:27:27 Will Bitstein ever choose a future hardfork? 00:32:34 Antifragility of bitcoin 00:43:25 Why is the Mises Institute not a massive bitcoin proponent? 00:48:00 Nakamoto institute—long term vision? 00:58:26 Supporting the Nakamoto Institute 01:00:43 S2F and power law models 01:07:39 Bitcoin’s total addressable market? 01:12:22 Closing thoughts SUPPORTING LINKS: Nakamoto Institute: https://nakamotoinstitute.org/ Support the Nakamoto Institute: https://nakamotoinstitute.org/get-involved/ Donate to the Nakamoto Institute: https://nakamotoinstitute.org/donate/ Contact the Nakamoto Institute: https://nakamotoinstitute.org/contact/ WHERE TO FOLLOW US: → Unchained Twitter: https://twitter.com/unchainedcom → Unchained Linkedin: https://www.linkedin.com/company/unchainedcom → Unchained Newsletter: https://unchained.com/newsletter → Joe Burnett’s Twitter: https://twitter.com/IIICapital → Bitstein’s Twitter: https://x.com/bitstein | |||
| How to hold bitcoin for 1,000+ years with Matt McClintock | 14 May 2024 | 00:55:34 | |
In this episode, Matt McClintock shares his expertise on managing thousands of bitcoins for ultra-wealthy clients. He discusses the differences between early bitcoin pioneers from 2010 and existing ultra-high-net-worth individuals (UHNWIs) buying bitcoin, the burning questions ultra high net worth bitcoin holders ask, and how bitcoin is transforming wealth inheritance. Matt dives into trust durations, jurisdictions, and tax strategies, revealing whether these UHNWIs are still buying bitcoin or diversifying and shifting to “ethical” investments. We also look at bitcoin's future in the US, the timing of ETF approvals, its total addressable market, and the surprising number of early ultra-wealthy adopters. SUPPORT THE PODCAST: → Subscribe → Leave a review → Share the show out with your friends and family → Send us an email podcast@unchained.com TIMESTAMPS: 00:00:00 Introduction 00:01:30 Matt’s background: Helping people hold thousands of bitcoins 00:04:55 Early bitcoiners vs. existing UHNWIs 00:09:47 Key questions from ultra-wealthy bitcoiners 00:12:58 Inheriting traditional assets vs. bitcoin 00:19:22 Trust duration and jurisdictions 00:25:06 Trust endings and tax implications 00:29:30 Do ultra-wealthy bitcoiners still buy bitcoin? 00:34:44 Wealthy investing in moral good vs. returns 00:38:49 How will the US and bitcoin evolve together? 00:43:25 Timing of ETF approvals 00:47:00 Bitcoin’s total addressable market 00:50:40 Surprised by ultra-wealthy early adopters? 00:53:50 Closing thoughts WHERE TO FOLLOW US: → Unchained Twitter: https://twitter.com/unchainedcom → Unchained Linkedin: https://www.linkedin.com/company/unchainedcom → Unchained Newsletter: https://unchained.com/newsletter → Joe Burnett’s Twitter: https://twitter.com/IIICapital → Matt McClintock’s Twitter: https://twitter.com/mcclintock_m Connect with Matt McClintock and The Bespoke Group: | |||
| Is 2025 the year bitcoin accelerates? with Joe Consorti | 10 Sep 2024 | 01:08:39 | |
In this episode, Joe Consorti joins us to explore the impacts of trillion-dollar deficits on the fiscal landscape and what it means for bitcoin’s future. We start with a look at the current liquidity environment and how asset prices are responding, followed by a discussion on rate cuts and capital deployment strategies. Joe shares his outlook on bitcoin’s trajectory through 2025 and the central bank actions we should be keeping a close eye on. We then examine key models like the power law and stock-to-flow to understand how they relate to bitcoin’s growth. Joe also addresses whether excessive monetary and fiscal stimulus could harm bitcoin, and why crypto is in decline while bitcoin continues to thrive. Finally, we talk about the acceleration of exponential growth, before wrapping up with Joe’s thoughts on unpopular beliefs and the biggest risks facing bitcoin today. SUPPORT THE PODCAST: TIMESTAMPS:
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| Exponential growth, power laws, and bitcoin portfolio management with Dr. Jeff Ross | 07 May 2024 | 00:53:57 | |
In this episode, Dr. Jeff Ross shares insights on current macroeconomic trends, including the Federal Reserve's reconsideration of rate cuts, increased market volatility over the past month, and unexpectedly high inflation rates. He discusses the power law model, drawing comparisons with patterns observed during his medical career as a physician and radiologist. Dr. Jeff also explores strategies for constructing the optimal portfolio in 2024 and in the future under a bitcoin standard. SUPPORT THE PODCAST: → Subscribe → Leave a review → Share the show out with your friends and family → Send us an email podcast@unchained.com TIMESTAMPS: 00:00:00 Intro 00:01:33 Macro—fed walking back rate cuts, VIX high, hot inflation 00:06:55 S2F and power law—where will bitcoin go this cycle? 00:17:49 Best performing hedge fund of 2024 00:20:57 Bitcoin, MSTR, miners, and options? 00:26:53 Changing the geopolitical world order 00:33:00 What’s the optimal bitcoin allocation? 00:37:36 Is there anyone that should not buy bitcoin? 00:39:13 Will investment management get less or more important? 00:40:32 ETF, exchange, or self custody? 00:42:41 Will financial advisors play a role in private key management? 00:45:32 Future of bitcoin custody 00:48:28 Are passive index funds useful on a bitcoin standard? 00:51:37 Optimal portfolio allocation on a bitcoin standard 00:53:15 Closing thoughts WHERE TO FOLLOW US: → Unchained Twitter: https://twitter.com/unchainedcom → Unchained Linkedin: https://www.linkedin.com/company/unchainedcom → Unchained Newsletter: https://unchained.com/newsletter → Joe Burnett’s Twitter: https://twitter.com/IIICapital → Dr. Jeff Ross’s Twitter: https://twitter.com/VailshireCap | |||
| Bitcoin skepticism with Micah Warren | 30 Apr 2024 | 00:52:39 | |
In this episode, we explore bitcoin skepticism, focusing on topics such as hashrate volatility, potential miner attacks, and Michael Saylor's perspective on bitcoin. Micah provides insights from his bitcoin textbook and uses a chalkboard to clearly illustrate his views on the future of the bitcoin mining industry. We dive into significant issues like transaction censoring and miner collusion, and discuss the potential future risks to bitcoin's cryptographic security. SUPPORT THE PODCAST: → Subscribe → Leave a review → Share the show out with your friends and family → Send us an email podcast@unchained.com TIMESTAMPS: 00:00:00 Intro 00:01:15 Who are you and when did you start thinking about bitcoin? 00:14:30 What do people think about your bitcoin textbook? 00:15:45 Do you own bitcoin? 00:16:38 Do you want bitcoin to succeed? 00:19:55 Is saving bad? 00:20:44 Rent seeking? 00:21:45 Could bitcoin’s hashrate be highly volatile? 00:27:38 What’s the tipping point of hashrate volatility? 00:30:17 Is this hashrate volatility a problem? 00:31:20 Attacking bitcoin 00:35:20 What are the attacks miners might do? 00:39:35 When do you think this type of attack may occur? 00:43:24 MARA transaction censoring failed 00:44:24 What’s the tipping point for miner collusion? 00:45:55 We’ve already seen miner capitulation 00:47:30 Bitcoin price vs value? 00:48:00 Will the price of bitcoin keep going up? 00:48:16 Thoughts on Michael Saylor? 00:50:13 Any risk of cryptography breaking? 00:51:40 Closing thoughts WHERE TO FOLLOW US: → Unchained Twitter: https://twitter.com/unchainedcom → Unchained Linkedin: https://www.linkedin.com/company/unchainedcom → Unchained Newsletter: https://unchained.com/newsletter → Joe Burnett’s Twitter: https://twitter.com/IIICapital → Micah Warren’s Twitter: https://twitter.com/AchimWar | |||
| Reimagining bitcoin hardware wallets with SeedSigner | 23 Apr 2024 | 00:57:26 | |
In this episode, we compare common hardware wallets with SeedSigner, a DIY bitcoin hardware wallet. We explore the reasons behind building SeedSigner, the process of securely generating seeds, and the considerations for holding a private key on hot devices like an iPhone or cold devices like a Trezor, Ledger, or Coldcard. We also discuss the evolution of bitcoin custody over the last decade, the risks associated with using common hardware like Raspberry Pi, and the advantages of multisig versus singlesig setups. SUPPORT THE PODCAST: → Subscribe → Leave a review → Share the show out with your friends and family → Send us an email podcast@unchained.com TIMESTAMPS: 00:00:00 Intro 00:01:25 What is SeedSigner? 00:02:05 Why build SeedSigner? 00:05:44 Holding a private key on an iPhone? 00:06:33 Building a SeedSigner device 00:08:16 Why call it a “signing device?” 00:10:45 Generating seeds securely 00:12:33 Good security vs extreme paranoia 00:17:05 How has bitcoin custody evolved over the last 10 years? 00:25:42 How to securely buy hardware? 00:30:45 Are there risks to using a raspberry pi for bitcoin private keys? 00:32:58 Multisig vs singlesig 00:39:10 DIY multisig vs collaborative custody multisig 00:40:53 Using different hardware devices for different seeds 00:44:54 Future of bitcoin custody in 10-20 years 00:50:00 New SeedSigner features? 00:52:41 New to multisig and using SeedSigner? 00:56:30 Closing thoughts WHERE TO FOLLOW US: → Unchained Twitter: https://twitter.com/unchainedcom → Unchained Linkedin: https://www.linkedin.com/company/unchainedcom → Unchained Newsletter: https://unchained.com/newsletter → Joe Burnett’s Twitter: https://twitter.com/IIICapital → SeedSigner’s Twitter: https://twitter.com/SeedSigner | |||
| Modeling the price of bitcoin with Fred Krueger | 16 Apr 2024 | 01:07:34 | |
In this episode, Fred Krueger reflects on his initial experience of purchasing bitcoin on Mt. Gox and subsequently selling it on Mt. Gox. He dives into detailed explanations of both the Stock-to-Flow (S2F) and power law models, offering his insights on whether the bitcoin power law model should be regarded as a mathematical law or just a pattern. Finally, he discusses potential factors that could disrupt the power law model and addresses the notion proposed by Michael Saylor that all models are broken. SUPPORT THE PODCAST: → Subscribe → Leave a review → Share the show out with your friends and family → Send us an email podcast@unchained.com TIMESTAMPS: 00:00:00 Intro 00:01:20 Fred’s background preparing him for bitcoin 00:04:17 Fred buying bitcoin on Mt. Gox 00:06:37 Bitcoin as a pet rock with no cash flow 00:10:57 S2F and Power law models 00:23:03 ETH trending to 0 00:25:17 Power law—mathematical law or pattern? 00:40:16 Extreme bear markets 00:41:50 Using bitcoin and bitcoin custody 00:47:50 How would the power law model break? 01:01:09 Will all the models break? 01:07:01 Closing thoughts WHERE TO FOLLOW US: → Unchained Twitter: https://twitter.com/unchainedcom → Unchained Linkedin: https://www.linkedin.com/company/unchainedcom → Unchained Newsletter: https://unchained.com/newsletter → Joe Burnett’s Twitter: https://twitter.com/IIICapital → Fred Krueger’s Twitter: https://twitter.com/dotkrueger | |||
| Investigating the Ethereum Foundation with Bryan Jacoutot | 09 Apr 2024 | 00:55:34 | |
In this episode, Bryan Jacoutot dives into the process leading to the approval of a bitcoin ETF, comparing this journey with the potential pathway for an Ethereum ETF to receive approval. He touches on the Ethereum Foundation investigation, what would happen if ethereum is declared an unregistered security, and how ethereum’s proof of stake consensus mechanism may play a role in the approval process. Last, he suggests what may be the biggest threat to bitcoin and how the United States and bitcoin may evolve together. SUPPORT THE PODCAST: → Subscribe → Leave a review → Share the show out with your friends and family → Send us an email podcast@unchained.com TIMESTAMPS: 00:00:00 Intro 00:01:04 Bitcoin ETF approval vs Ethereum ETF approval 00:08:27 Reasonable concerns for not approving the bitcoin ETF for years? 00:13:56 What happens if ETH is declared an unregistered security? 00:18:24 Proof of Work vs Proof of Stake—commodity vs security 00:26:40 Was ETH not declared an unregistered security because it went up so much? 00:31:50 Security vs commodity? Truly binary? 00:36:36 Slashing in PoS and ETFs 00:38:38 Forks and ETFs 00:40:34 Biggest threat to bitcoin? 00:46:00 Bitcoin’s role in presidential and local elections 00:49:00 Will bitcoin bear markets eventually cause financial system instability? 00:50:52 United States and bitcoin—freedom values 00:54:15 Closing thoughts WHERE TO FOLLOW US: → Unchained Twitter: https://twitter.com/unchainedcom → Unchained Linkedin: https://www.linkedin.com/company/unchainedcom → Unchained Newsletter: https://unchained.com/newsletter → Joe Burnett’s Twitter: https://twitter.com/IIICapital → Bryan Jacoutot’s Twitter: https://twitter.com/BryanJacoutot | |||
| Prosperity without inflation with Allen Farrington | 02 Apr 2024 | 01:01:54 | |
In this episode, Allen Farrington breaks down the “deflation is bad” narrative in economics. He explains why the deflation paranoia is wrong and what growth may look like under a bitcoin standard. Allen also thinks about how an index like the S&P 500 may perform under a bitcoin standard and he explains his DLCVM paper on bitcoin scaling in detail. SUPPORT THE PODCAST: → Subscribe → Leave a review → Share the show out with your friends and family → Send us an email podcast@unchained.com TIMESTAMPS: 00:00:00 Intro 00:01:04 Is deflation a bad thing? 00:11:04 Is there malintent behind “deflation = bad”? 00:17:10 Deflation worries are wrong 00:23:10 Growth under a bitcoin standard? 00:25:46 Your wealth is melting in BTC 00:28:32 S&P 500 under a bitcoin standard 00:32:52 Company lifecycle under a bitcoin standard 00:37:36 Building decentralized markets on bitcoin 00:42:53 DLCVM - perfectly scaling bitcoin 00:52:14 Are you a technical, political, or economic thinker? 00:54:27 Allen Farrington podcast? 00:56:53 What’s something you believe that most bitcoiners disagree with? 01:01:12 Closing thoughts WHERE TO FOLLOW US: → Unchained Twitter: https://twitter.com/unchainedcom → Unchained Linkedin: https://www.linkedin.com/company/unchainedcom → Unchained Newsletter: https://unchained.com/newsletter → Joe Burnett’s Twitter: https://twitter.com/IIICapital → Allen Farrington’s Twitter: https://twitter.com/allenf32 | |||
| The future of Fold and bitcoin with Will Reeves | 26 Mar 2024 | 00:48:30 | |
In this episode, we sit down with Will Reeves to discuss his perspective on what bitcoin scaling will look like in 2026, how there may be future unknown scaling solutions we cannot even comprehend today, the risks to bitcoin failing to scale further, altcoin speculation and unit bias, and the future of Fold in 5 years. SUPPORT THE PODCAST: → Subscribe → Leave a review → Share the show out with your friends and family → Send us an email podcast@unchained.com TIMESTAMPS: 00:00:00 Intro 00:01:22 Scaling bitcoin in 2026? 00:06:49 Unknown futuristic scaling solutions? 00:08:32 Failure to scale scenario? 00:10:30 Risk that people get comfortable with centralized custodians? 00:13:40 BlackRock bitcoin fork 00:16:09 It was good an ETF was not approved in 2013 00:16:40 Will altcoins ever die? 00:22:45 Unit bias—bitcoin vs altcoins 00:24:51 Treating sats rewards differently? 00:28:44 Sat flows vs HODL’d bitcoin 00:32:32 Future of fiat payments companies? 00:34:27 Unstoppable payments 00:39:09 Where is Fold in 5 years? 00:41:52 Why are so many people passionate about Fold? 00:43:16 Rapid fire Fold questions from the audience 00:47:47 Closing thoughts WHERE TO FOLLOW US: → Unchained Twitter: https://twitter.com/unchainedcom → Unchained Linkedin: https://www.linkedin.com/company/unchainedcom → Unchained Newsletter: https://unchained.com/newsletter → Joe Burnett’s Twitter: https://twitter.com/IIICapital → Will’s Twitter: https://twitter.com/wlrvs | |||
| The science behind $1,000,000 bitcoin with Giovanni Santostasi | 19 Mar 2024 | 01:30:34 | |
In this episode, we sit down with Giovanni Santostasi who created the bitcoin power law model. Giovanni explains what power laws are and why they are common in physics and nature. He then expounds on his bitcoin power law model in detail, why there are cycles within the model, and how the model could potentially break in the future. SUPPORT THE PODCAST: → Subscribe → Leave a review → Share the show out with your friends and family → Send us an email podcast@unchained.com TIMESTAMPS: 00:00:00 Intro 00:01:15 Physics and bitcoin 00:25:35 Power law model 00:38:23 Bubbles and cycles in the model 01:08:35 How would the model break? 01:16:29 Will the market front run the power law model? 01:26:49 Closing thoughts WHERE TO FOLLOW US: → Unchained Twitter: https://twitter.com/unchainedcom → Unchained Linkedin: https://www.linkedin.com/company/unchainedcom → Unchained Newsletter: https://unchained.com/newsletter → Joe Burnett’s Twitter: https://twitter.com/IIICapital → Giovanni’s Twitter: https://twitter.com/Giovann35084111 → Giovanni's Patreon: https://www.patreon.com/ScaleInvariant → Bitposeidon: https://bitposeidon.com/ | |||
| Bitcoin ASIC breakthroughs and semiconductor physics with Haris Basit | 12 Mar 2024 | 00:44:12 | |
In this episode, we sit down with Haris Basit, Chief Strategy Officer at Bitdeer (NASDAQ: BTDR) to talk about a massive potential Bitcoin ASIC breakthrough that could severely disrupt the entire bitcoin mining industry. Haris has been involved with bitcoin ASIC development since 2014, and he has a deep background in semiconductor physics. SUPPORT THE PODCAST: → Subscribe → Leave a review → Share the show out with your friends and family → Send us an email podcast@unchained.com TIMESTAMPS: 00:00:00 Intro 00:01:09 Background in semiconductor industry 00:03:12 Semiconductor physics 00:07:13 Developing bitcoin ASICs in 2014 00:08:14 Bitcoin ASICs vs other chips 00:11:36 Ordering wafers from TSMC 00:13:32 Chip fabs around the world 00:16:30 Bitdeer vs Bitmain? 00:17:40 Designing and simulating chips 00:20:35 Bitdeer and Jihan Wu 00:24:44 Designing the most efficient bitcoin ASIC 00:26:40 Future ASIC breakthroughs? 00:32:02 Hurdles to building more chip fabs? 00:37:24 Mega bitcoin mining farms? 00:38:31 AI and bitcoin mining interacting 00:41:04 2024 halving 00:43:55 Closing thoughts WHERE TO FOLLOW US: → Unchained Twitter: https://twitter.com/unchainedcom → Unchained Linkedin: https://www.linkedin.com/company/unchainedcom → Unchained Newsletter: https://unchained.com/newsletter → Joe Burnett’s Twitter: https://twitter.com/IIICapital | |||
| Growing 7-figure SMBs using bitcoin with Bobby Shell | 05 Mar 2024 | 00:50:15 | |
In this episode, we sit down with Bobby Shell to discuss the two major ongoing wealth transfers—bitcoin and small to medium-sized businesses (SMBs). Bobby discusses his history growing a number of SMBs, and he explains how bitcoin holders may be well positioned to begin operating a small-medium business with their newfound wealth. Last, we discuss the impact of bitcoin on corporations, SMBs, and the individual, and how a bitcoin standard will likely lead to more localized entrepreneurial activity and fewer mega-corporations. SUPPORT THE PODCAST: → Subscribe → Leave a review → Share the show out with your friends and family → Send us an email podcast@unchained.com TIMESTAMPS: 00:00:00 Intro 00:01:10 Bobby’s history helping build SMBs and Voltage 00:03:33 Two major wealth transfers—bitcoin and SMBs 00:07:45 Bitcoin holders acquiring SMBs 00:12:16 Buying bitcoin vs buying an SMB 00:16:24 Holding bitcoin and using SBA loans 00:19:25 Which SMB to build? 00:21:11 Private equity rolling up local businesses 00:25:00 Entrepreneurship from early wealthy bitcoiners 00:28:26 AI and new technology in SMBs 00:30:34 Will bitcoin create more opportunities for local entrepreneurs? 00:40:25 Does bitcoin bring power from the corporation back to the individual? 00:47:45 Closing thoughts WHERE TO FOLLOW US: → Unchained Twitter: https://twitter.com/unchainedcom → Unchained Linkedin: https://www.linkedin.com/company/unchainedcom → Unchained Newsletter: https://unchained.com/newsletter → Bobby Shell’s Twitter: https://twitter.com/iBobbyShell → Joe Burnett’s Twitter: https://twitter.com/IIICapital | |||
| How bitcoin’s volatility is creating a powerful positive feedback loop | Dylan LeClair | 03 Sep 2024 | 01:08:58 | |
In this episode, Dylan LeClair joins us to discuss positive feedback loops around bitcoin’s extreme volatility and a collapsing crypto industry. We kick off with Vitalik's questions about the sustainability of yield in the crypto space and whether ethereum and other cryptocurrencies are at risk of fading away. Dylan offers his insights on the VIX spike in early August and what it might mean for the broader market. We then shift to the success of bitcoin ETFs and dive into how companies like Metaplanet and MicroStrategy are using financial engineering to increase their bitcoin holdings per share. Dylan shares his thoughts on the concept of corporate "bitcoin yield" versus holding bitcoin in cold storage, and how volatility can create a highly positive feedback loop. We also touch on the power law and S2F models, rounding off with a personal note as Dylan reflects on his high school teachers congratulating him on his success. SUPPORT THE PODCAST: → Subscribe → Leave a review → Share the show with your friends and family → Send us an email podcast@unchained.com TIMESTAMPS: 00:00:00 Intro 00:01:50 Vitalik questioning where the yield comes from 00:04:07 Are crypto and ethereum dying? 00:08:03 Vix spike in early August—bottom for risk assets? 00:14:34 Success of bitcoin ETFs 00:17:30 Metaplanet and Microstrategy financial engineering more bitcoin 00:33:42 Bitcoin “yield” or bitcoin per share? 00:36:58 Metaplanet and MSTR vs cold storage bitcoin 00:43:00 Volatility results in a positive feedback loop 00:54:13 Power law and S2F model 00:56:45 Dylan’s high school teachers 00:59:35 What’s something you believe that most bitcoiners would disagree with? 01:04:29 What’s the biggest risk to bitcoin? 01:08:15 Closing thoughts WHERE TO FOLLOW US: → Unchained Twitter: https://twitter.com/unchainedcom → Unchained LinkedIn: https://www.linkedin.com/company/unchainedcom → Unchained Newsletter: https://unchained.com/newsletter → Joe Burnett’s Twitter: https://twitter.com/IIICapital → Dylan LeClair’s Twitter: https://x.com/DylanLeClair_ | |||
| Breaking bitcoin models to the upside with Lyn Alden | 27 Feb 2024 | 00:58:17 | |
In this episode, we sit down with Lyn Alden for an in-depth discussion on her recent presentation at Princeton, evaluating the thresholds at which the academic community might recognize bitcoin's legitimacy in terms of its market valuation or size. We explore if the ETFs have the potential to amplify a potential bull run, and we get her thoughts on self-custody vs ETFs. Last, we explore her opinion on various bitcoin price models and what may mark the top of this coming cycle. SUPPORT THE PODCAST: → Subscribe → Leave a review → Share the show out with your friends and family → Send us an email podcast@unchained.com TIMESTAMPS: 00:00:00 Intro 00:01:20 Explaining bitcoin at Princeton 00:07:58 What size bitcoin will academics take bitcoin seriously? 00:12:03 Surprises in your book, Broken Money? 00:15:15 First month of bitcoin ETF results 00:19:31 ETFs amplifying the bull run? 00:21:40 Muted 2021 high? 00:22:59 Could the ETFs capture bitcoin? 00:30:00 Self-custody vs ETF? 00:37:54 How big of an impact will the halving have? 00:40:03 Halving vs macro liquidity cycle? 00:42:50 S2F model, power law model, and price models 00:44:40 Where is the next cycle top? 00:47:05 Will “crypto” gambling ever die? 00:49:36 Buying bitcoin vs bitcoin startups 00:52:37 What’s a good bitcoin startup? 00:55:04 How could bitcoin fail? 00:57:40 Closing thoughts, Broken Money, and Ego Death WHERE TO FOLLOW US: → Unchained Twitter: https://twitter.com/unchainedcom → Unchained Linkedin: https://www.linkedin.com/company/unchainedcom → Unchained Newsletter: https://unchained.com/newsletter → Lyn Alden’s Twitter: https://twitter.com/LynAldenContact → Joe Burnett’s Twitter: https://twitter.com/IIICapital | |||
| Powering through halvings and short sellers with Hut 8 | 20 Feb 2024 | 00:51:45 | |
In this episode, Joe Burnett sits down with Asher Genoot, CEO of Hut 8, and Sue Ennis, Head of Investor Relations at Hut 8. They discuss the groundbreaking merger between Hut 8 and US Bitcoin Corp, marking the largest bitcoin mining merger in history. The conversation also covers the impact of ETF approval on Hut, the strategic shift towards diversifying beyond bitcoin mining, and the anticipation surrounding the upcoming bitcoin halving. Additionally, they tackle the implications of J Capital's short report, the future of mining site sizes as the block subsidy decreases, and the potential role of miners in the energy sector. SUPPORT THE PODCAST: → Subscribe → Leave a review → Share the show out with your friends and family → Send us an email podcast@unchained.com TIMESTAMPS: 00:00:00 Intro 00:01:03 Background—getting into bitcoin mining 00:06:12 Hut 8 <> US Bitcoin Merger 00:11:00 How has the ETF approval changed Hut? 00:12:56 Why diversify out of bitcoin mining? 00:17:12 Halving in ~2 months, excited or concerned 00:20:19 Monitor mining competitors 00:26:12 Will there be another boom bust cycle? 00:33:37 J Capital’s short report 00:39:30 Block subsidy trending to 0—future size of mining sites? 00:47:53 Will miners become a substantial part of energy grids? 00:49:46 What excites you over the next 2-3 years? WHERE TO FOLLOW US: → Unchained Twitter: https://twitter.com/unchainedcom → Unchained Linkedin: https://www.linkedin.com/company/unchainedcom → Unchained Newsletter: https://unchained.com/newsletter → Sue Ennis’s Twitter: https://twitter.com/bigsuey → Asher Genoot’s Twitter: https://twitter.com/ashergenoot → Joe Burnett’s Twitter: https://twitter.com/IIICapital | |||
| The bitcoin ETF boom with James Seyffart | 13 Feb 2024 | 00:57:39 | |
In this episode, James discusses why he started analyzing bitcoin ETF approvals and net-flows. He explains why bitcoin ETFs were denied for so long, how they got approved in 2024, and how individuals should consider holding real bitcoin vs holding an ETF. We cover the SEC X account hack and other surprises since the ETFs began trading. We even contrast the gold ETFs with the bitcoin ETFs, and discuss what may be the end game of GBTC. SUPPORT THE PODCAST: → Subscribe → Leave a review → Share the show out with your friends and family → Send us an email podcast@unchained.com TIMESTAMPS: 00:00:00 Intro 00:01:20 Bloomberg and bitcoin 00:05:31 Did you think a bitcoin ETF would be approved before 2024? 00:07:47 Why was it denied for so long? 00:10:33 Will bitcoin play a role in the 2024 election? 00:11:43 Hold your own keys or the ETF? 00:19:15 Will ETFs mute bitcoin’s volatility? 00:21:58 How do you value bitcoin? 00:26:58 SEC Twitter account hack 00:30:16 Surprises since ETF approvals? 00:33:31 End game of GBTC? 00:37:15 Can ETFs increase their fees? 00:40:34 Gold ETF vs bitcoin ETFs 00:46:47 Can the gold market be manipulated via ETFs or futures? 00:49:44 What do most not understand about the bitcoin ETFs? 00:55:16 Closing thoughts WHERE TO FOLLOW US: → Unchained Twitter: https://twitter.com/unchainedcom → Unchained Linkedin: https://www.linkedin.com/company/unchainedcom → Unchained Newsletter: https://unchained.com/newsletter → James Seyffart’s Twitter: https://twitter.com/JSeyff → Joe Burnett’s Twitter: https://twitter.com/IIICapital | |||
| Bitcoin will crash energy prices with Andrew Myers | 06 Feb 2024 | 00:48:46 | |
In this episode, Andrew Myers shares his vision of bitcoin revolutionizing global power markets by making them more permissionless and efficient. He explains why entrepreneurship could become easier under a bitcoin standard, evaluates the sustainability of mega mining farms (100+ MW), and looks into the future of global energy production in relation to bitcoin miners. SUPPORT THE PODCAST: → Subscribe → Leave a review → Share the show out with your friends and family → Send us an email podcast@unchained.com TIMESTAMPS: 00:00:00 Intro 00:01:40 Permissionless Power Markets 00:06:19 Entrepreneurship under a bitcoin standard 00:08:25 Bitcoin adoption in the energy sector 00:13:57 Credit worthiness of bitcoin miners 00:16:30 Are mega mining farms (100MW+) sustainable? 00:18:17 Will bitcoin lead to the development of new energy technologies? 00:20:07 Will the world continue to produce exponentially more energy? 00:22:27 Bitcoin mining and geopolitics 00:24:22 Will countries that embrace bitcoin have a massive advantage? 00:26:55 How will bitcoin change power prices? 00:30:54 “Who will build the roads (transmission lines)?” 00:41:04 Will bitcoin create sovereign self-sufficient communities? 00:42:19 Block subsidy trending toward 0 00:46:01 Merging of the mining and energy industries? 00:47:47 Closing thoughts WHERE TO FOLLOW US: → Unchained Twitter: https://twitter.com/unchainedcom → Unchained Linkedin: https://www.linkedin.com/company/unchainedcom → Unchained Newsletter: https://unchained.com/newsletter → Andrew Myer’s Twitter: https://twitter.com/acmyers → Joe Burnett’s Twitter: https://twitter.com/IIICapital | |||
| AI rumbles while infrastructure crumbles with Drew D'Agostino | 30 Jan 2024 | 01:01:34 | |
In this episode, Drew D’Agostino talks about how the banking system collapses of last year inspired him to bring his 30 employee SaaS company onto a bitcoin standard by adding bitcoin into its treasury and using bitcoin as a tool to make better decisions. Drew’s SaaS company is in the AI industry, so he also touches on the current state of the AI hype cycle and his outlook on the true speed of technology innovation and growth. SUPPORT THE PODCAST: → Subscribe → Leave a review → Share the show out with your friends and family → Send us an email podcast@unchained.com TIMESTAMPS: 00:00:00 Intro 00:01:57 Who are you? 00:03:25 How did you get into bitcoin? 00:08:57 Putting bitcoin on your SaaS company’s balance sheet 00:15:29 Board and Employee’s reaction to bitcoin on balance sheet 00:20:33 Is bitcoin changing company culture? 00:26:46 Bitcoin raises the bar for any investment 00:29:00 What happens as the world adopts bitcoin? 00:31:47 Bitcoin as a long term or short term benchmark 00:37:18 Has bitcoin influenced your products or services? 00:39:49 What do you think about the current state of AI? 00:45:28 AI deflationary or inflationary? 00:48:49 AI cycles vs bitcoin cycles 00:56:08 AGI and the singularity? 00:58:50 Bitcoin may bring innovation back to the physical world WHERE TO FOLLOW US: → Unchained Twitter: https://twitter.com/unchainedcom → Unchained Linkedin: https://www.linkedin.com/company/unchainedcom → Unchained Newsletter: https://unchained.com/newsletter → Drew D’Agostino’s Twitter: https://twitter.com/DrewDAgostino → Joe Burnett’s Twitter: https://twitter.com/IIICapital | |||
| A $1,000,000 bitcoin won't cause chaos with Peter Dunworth and Luke Broyles | 23 Jan 2024 | 01:15:40 | |
In this episode, Peter and Luke explain why they think $1,000,000 bitcoin is both early and optimistic for the world. They review humanity’s technological progress and discuss why bitcoin is a paradigm shift when it comes to our ability to save and store wealth into the future. Last, they touch on the ETF approval and how it compares to self-custodied bitcoin. SUPPORT THE PODCAST: → Subscribe → Leave a review → Share the show out with your friends and family → Send us an email podcast@unchained.com TIMESTAMPS: 00:00:00 Intro 00:01:35 What are the implications of humanity discovering bitcoin? 00:08:06 How do you value bitcoin? 00:17:48 Comprehending rapid technological innovation 00:25:00 Perfect scarcity clashing with real world abundance 00:29:22 ETF is approved, now what? 00:38:53 93% of all bitcoin has already been mined 00:44:03 Will bitcoin cycles continue? 00:47:12 ETF vs Self-custody 00:59:17 Saving bitcoin for centuries: Inheritance and Trusts 01:08:12 Accelerating adoption and closing thoughts WHERE TO FOLLOW US: → Unchained Twitter: https://twitter.com/unchainedcom → Unchained Linkedin: https://www.linkedin.com/company/unchainedcom → Unchained Newsletter: https://unchained.com/newsletter → Peter Dunworth’s Twitter: https://twitter.com/PeterBTCAdviser → Talk to Luke to set-up a multisig vault: https://calendly.com/luke-btc-advisor/the-bitcoin-adviser-initial-consultation?month=2024-01 → Joe Burnett’s Twitter: https://twitter.com/IIICapital | |||
| Demanding payment in bitcoin with Will Cole | 16 Jan 2024 | 01:12:11 | |
In this episode, Will talks about potential major catalysts for bitcoin payments, why businesses will ultimately demand payment in bitcoin, society’s trend towards more and more financial censorship, building bitcoin products, and sci-fi books. SUPPORT THE PODCAST: → Subscribe → Leave a review → Share the show out with your friends and family → Send us an email podcast@unchained.com TIMESTAMPS: 00:00:00 Intro 00:01:00 What are you working on now? 00:05:25 Is the timing right for Zaprite (bitcoin payments)? 00:08:16 Next catalyst for bitcoin payments? 00:12:29 Will Saylor accept bitcoin at Microstrategy? 00:14:10 Dentists accepting bitcoin 00:17:10 Would accepting bitcoin payments become a viral feedback loop? 00:20:05 Discounts for paying in bitcoin? 00:23:48 3% credit card fees are restaurants and small businesses 00:28:07 Is bitcoin our best tool to stop financial censorship? 00:34:44 Online or brick and mortar more likely to accept bitcoin first? 00:36:58 What will happen to credit card companies? 00:42:39 How is building on bitcoin different from building other software? 00:59:21 Low time preference to building bitcoin products? 01:07:00 What’s required to build good bitcoin products? 01:08:54 What’s your favorite sci-fi book and why? 01:10:49 Does bitcoin feel like we’re living in a sci-fi book? WHERE TO FOLLOW US: → Unchained Twitter: https://twitter.com/unchainedcom → Unchained Linkedin: https://www.linkedin.com/company/unchainedcom → Unchained Newsletter: https://unchained.com/newsletter → Will Cole’s Twitter: https://twitter.com/willcole → Joe Burnett’s Twitter: https://twitter.com/IIICapital | |||
| Bitcoin derangement and accelerating productivity with Jimmy Song | 09 Jan 2024 | 00:57:26 | |
In this episode, Jimmy Song dives into bitcoin derangement syndrome, his expectations for the speed of bitcoin adoption, how much more productive the world would be under a bitcoin standard, his experience visiting Argentina and more. SUPPORT THE PODCAST: → Subscribe → Leave a review → Share the show out with your friends and family → Send us an email podcast@unchained.com TIMESTAMPS: 00:00:00 Intro 00:01:19 Bitcoin derangement syndrome 00:09:54 Has bitcoin adoption happened faster or slower than you expected? 00:16:09 Did you expect extreme cycle volatility? 00:19:38 Do people still think you’re crazy in regards to bitcoin? 00:23:21 How would corporate culture change under a bitcoin standard? 00:28:50 How much more productive would the world be without rent seekers? 00:41:37 Of the books you’ve written, which is your favorite? 00:44:04 What was your experience in Argentina? Javier Melei? 00:54:00 What will be the next surprise in global bitcoin adoption? WHERE TO FOLLOW US: → Unchained Twitter: https://twitter.com/unchainedcom → Unchained Linkedin: https://www.linkedin.com/company/unchainedcom → Unchained Newsletter: https://unchained.com/newsletter → Jimmy Song’s Twitter: https://twitter.com/jimmysong → Joe Burnett’s Twitter: https://twitter.com/IIICapital | |||
| Bitcoin is not a hedge, it’s the solution with Parker Lewis | 02 Jan 2024 | 01:15:20 | |
In this episode, Parker Lewis dives into why his bitcoin is not a hedge presentation was so successful, how he wrote Gradually, Then Suddenly, and the odds of bitcoin and the Dollar coexisting. He addresses common misconceptions, reflects on the evolution of his own writings about bitcoin, and explores why there’s nothing more American than bitcoin and nothing more un-American than the Dollar. SUPPORT THE PODCAST: → Subscribe → Leave a review → Share the show out with your friends and family → Send us an email podcast@unchained.com TIMESTAMPS: 00:00:00 Intro 00:01:51 “Bitcoin is not a hedge” presentation hits 250,000+ views 00:05:46 Presentation criticism - what is “printing” money? 00:08:44 Macro investors and bitcoin 00:10:31 What’s the best way to explain bitcoin? 00:19:17 Will bitcoin leave people behind? 00:21:07 Why write a book? 00:26:15 We’re probably not wrong about bitcoin. 00:31:08 Which essay did you need to update most? 00:34:08 Ordering your essays in the book 00:37:55 Objections to bitcoin are answered in Gradually Then Suddenly 00:39:30 Still reading Federal Reserve transcripts? 00:45:04 Do most people know the Dollar is designed to debase forever? 00:47:15 Unexpected symptoms of broken money? 00:50:44 Banning bitcoin 00:59:06 Will bitcoin and the dollar co-exist? 01:01:30 There’s nothing more American than bitcoin 01:07:34 What’s exciting about bitcoin payments? 01:13:04 Closing thoughts WHERE TO FOLLOW US: → Unchained Twitter: https://twitter.com/unchainedcom → Unchained Linkedin: https://www.linkedin.com/company/unchainedcom → Unchained Newsletter: https://unchained.com/newsletter → Parker Lewis’ Twitter: https://twitter.com/parkeralewis → Joe Burnett’s Twitter: https://twitter.com/IIICapital | |||
| Bitcoin brings chaos to order with Matt Pirkowski | 26 Dec 2023 | 01:17:32 | |
In this episode, Matt Pirkowski dives into the complex relationship between information, money, and technology. He offers thought-provoking insights on the evolving landscape of bitcoin and its impact on the global financial system and humanity. The discussion traverses various topics, including the philosophical aspects of order and chaos in economics and a deep analysis of proof of work and proof of stake. Pirkowski's expertise shines through as he navigates these intricate subjects with a unique perspective and extreme depth. SUPPORT THE PODCAST: → Subscribe → Leave a review → Share the show out with your friends and family → Send us an email podcast@unchained.com TIMESTAMPS: 00:00:00 Intro 00:00:53 What’s your background? 00:04:08 “Order to chaos” and “chaos to order” 00:06:15 What is money? 00:19:55 Can there be more than one money? 00:27:30 Proof of Work vs Proof of Stake 00:38:57 Is Ethereum’s future uncertain? 00:43:20 Hold bitcoin for ethereum for the next 10 years? 00:47:40 Self custody in complex systems 00:53:24 What happens as the world adopts bitcoin? 01:01:44 8 billion people connected at light speed 01:09:16 Is social media dangerous? 01:15:38 Closing thoughts WHERE TO FOLLOW US: → Unchained Twitter: https://twitter.com/unchainedcom → Unchained Linkedin: https://www.linkedin.com/company/unchainedcom → Unchained Newsletter: https://unchained.com/newsletter → Matthew Pirkowski’s Twitter: https://twitter.com/MattPirkowski → Joe Burnett’s Twitter: https://twitter.com/IIICapital | |||
| MLB draft to bitcoin—identifying value in baseball and markets with Sean Buckley | 27 Aug 2024 | 00:54:31 | |
In this episode, Sean Buckley, former professional baseball player and scout, shares his journey from college baseball to being drafted by the Cincinnati Reds. He reflects on the challenges of transitioning from the minors to the majors and the mental toll of playing the game at a high level. Sean discusses his shift from player to scout, offering insights into player dynamics, scouting's impact on his view of baseball, and how it influenced his approach to investing. He explores the parallels between identifying value in baseball and in markets, particularly bitcoin. Sean also touches on the difficulties of generating market alpha, the reasons behind his interest in capital allocation, and how he introduced the concept of bitcoin to other players. SUPPORT THE PODCAST: → Subscribe → Leave a review → Share the show with your friends and family → Send us an email podcast@unchained.com TIMESTAMPS: 00:00:00 Intro 00:01:17 Sean’s intro into college baseball and MLB draft 00:03:00 How did you get started with baseball? 00:03:58 Ever feel burnt out playing too much baseball? 00:05:40 What was Sean’s college major? 00:07:49 Drafted by the Cincinnati Reds 00:10:55 Did you think you could be one of the best players? 00:12:35 Minors vs majors—big difference? 00:14:39 Transitioning from player to scout 00:18:39 Player dynamics and drama 00:20:38 Did scouting change your perspective on baseball? 00:23:05 Investing vs scouting 00:24:57 Has identifying value become more difficult? 00:26:55 When did you get interested in capital allocation and bitcoin? 00:33:16 Generating market alpha—why bitcoin? 00:38:00 Did you tell players about bitcoin? 00:40:22 Did other minor league players buy gold and single family homes? 00:42:10 What’s the catalyst for players to get interested in bitcoin? 00:44:19 What is the player’s union? 00:45:41 Should the union do anything about bitcoin and personal finance? 00:47:45 Retiring after professional sports 00:50:58 What podcast or books do you recommend? 00:53:30 Closing thoughts WHERE TO FOLLOW US: → Unchained Twitter: https://twitter.com/unchainedcom → Unchained LinkedIn: https://www.linkedin.com/company/unchainedcom → Unchained Newsletter: https://unchained.com/newsletter → Joe Burnett’s Twitter: https://twitter.com/IIICapital → Sean Buckley’s Twitter: https://x.com/seancbuckley | |||
| Bitcoin's tipping point: JP Morgan and ETFs with Matthew Schultz | 19 Dec 2023 | 00:50:26 | |
In this podcast episode, Matt Schultz, co-founder and executive chairman of CleanSpark, a leading public bitcoin miner, discusses JP Morgan initiating coverage on the top bitcoin miners. He shares insights on challenges faced while building a top bitcoin mining operation and CleanSpark's strategy in transitioning from selling to holding bitcoin. Schultz also dives into the company's approach to financing projects, particularly in relation to leveraging debt amid bitcoin's volatility, and offers his perspective on the potential impact of a bitcoin ETF approval. The conversation further explores CleanSpark's decision to build infrastructure in Georgia, predictions for the mining industry's growth, and thoughts on the 2024 Bitcoin halving and its possible effects on the market. SUPPORT THE PODCAST: → Subscribe → Leave a review → Share the show out with your friends and family → Send us an email podcast@unchained.com TIMESTAMPS: 00:00:00 Intro 00:00:53 Who are you and what do you do at CleanSpark? 00:04:03 What does the world not understand about mining? 00:08:00 15,000 miners in Washington, Georgia 00:09:22 JP Morgan initiating coverage on bitcoin miners 00:13:05 Institutional investors in bitcoin miners 00:15:28 What’s hard about building a mining company? 00:21:22 If you were not in bitcoin mining, what would you be doing? 00:22:30 Financing and growing CleanSpark with debt or equity? 00:25:20 Will we see another wave of greed and leverage in the next cycle? 00:30:30 Will CleanSpark buy distressed halving capitulation assets? 00:32:35 How big of a catalyst will the ETF be? 00:35:17 Will energy and mining companies consolidate? 00:37:00 What’s hard for regulators and Wall Street to grasp about bitcoin mining? 00:38:38 How fast can hashrate double? 00:42:28 AI competing with mining infrastructure 00:43:01 Why build mining infrastructure in Georgia? 00:47:51 CleanSpark expanding internationally? WHERE TO FOLLOW US: → Unchained Twitter: https://twitter.com/unchainedcom → Unchained Linkedin: https://www.linkedin.com/company/unchainedcom → Unchained Newsletter: https://unchained.com/newsletter → Matthew Schultz’s Twitter: https://twitter.com/smatthewschultz → Joe Burnett’s Twitter: https://twitter.com/IIICapital | |||
| What hath Satoshi wrought? with Dhruv Bansal | 12 Dec 2023 | 01:21:06 | |
Begin your journey of understanding Satoshi's key innovation in the first article in the series, available as a free 28-page PDF. You can download it right now: https://unchained.com/go/how-did-satoshi-think-of-bitcoin?utm_source=transitor&utm_campaign=hdstof In this episode, Dhruv Bansal dives into the complexities of bitcoin, starting with an exploration of why a sound monetary policy was required to successfully build bitcoin. He questions whether Satoshi Nakamoto's approach to bitcoin's supply distribution was optimal, highlighting bitcoin's unique market dynamics. The discussion then shifts to the intriguing possibility of the internet eventually running on bitcoin, and the challenges of building decentralized markets on social media and computer security. The episode wraps up with a thought-provoking segment on artificial intelligence, piracy, and the role of decentralized systems dismantling intellectual property. SUPPORT THE PODCAST: → Subscribe → Leave a review → Share the show out with your friends and family → Send us an email podcast@unchained.com TIMESTAMPS: 00:00:00 Intro 00:02:34 What have you been working on? 00:08:49 21 million solved the double spend problem 00:18:39 Did Satoshi find the optimal supply distribution time cadence? 00:20:45 Bitcoin is a market 00:33:04 Will the internet run on bitcoin? 00:44:49 Building decentralized markets on social media and computer security 01:08:00 AI, piracy, intellectual property and decentralized systems WHERE TO FOLLOW US: → Unchained Twitter: https://twitter.com/unchainedcom → Unchained Linkedin: https://www.linkedin.com/company/unchainedcom → Unchained Newsletter: https://unchained.com/newsletter → Dhruv Bansal’s Twitter: https://twitter.com/dhruvbansal → Joe Burnett’s Twitter: https://twitter.com/IIICapital | |||
| Don't make fiat money your master with Gary Cardone | 05 Dec 2023 | 00:52:02 | |
In this episode, Gary Cardone talks about the importance of not being a slave to money, the journey of building a successful payments chargeback company, and the evolving role of open networks like bitcoin and the impact it may have on traditional payment systems like Visa and Mastercard. SUPPORT THE PODCAST: TIMESTAMPS: WHERE TO FOLLOW US: | |||
| China can’t stop bitcoin mining with Colin Harper | 28 Nov 2023 | 01:07:26 | |
In this episode, Colin Harper sheds light on the surprising insight that 10% - 20% of the total network hashrate still resides in China, despite the ban on mining. He dives into the intricacies of bitcoin mining, discussing the 2024 halving's impact, block space demand from ordinals, the global flows of bitcoin ASICs, and the environmental myths surrounding bitcoin. SUPPORT THE PODCAST: → Subscribe → Leave a review → Share the show out with your friends and family → Send us an email podcast@unchained.com TIMESTAMPS: 00:00:00 Intro 00:02:34 2024 Halving and miner capitulation 00:12:10 Will miners over use leverage again in the next bull market? 00:16:24 Did the China mining ban pause the 2021 bull run? 00:20:06 Hashrate derivatives? 00:28:06 Ordinals and block space 00:36:23 Time preference of block space usage 00:40:00 Global flows of bitcoin ASICs 00:44:53 Finding inexpensive energy in the US 00:51:15 Bitcoiners don’t actually hate the environment 00:54:27 Sovereign energy production 00:57:40 Is there still bitcoin mining in China? 01:01:18 Where do you see bitcoin and mining in 10-20 years? 01:05:18 Fiat is the experiment, not bitcoin WHERE TO FOLLOW US: → Unchained Twitter: https://twitter.com/unchainedcom → Unchained Linkedin: https://www.linkedin.com/company/unchainedcom → Unchained Newsletter: https://unchained.com/newsletter → Colin Harper’s Twitter: https://twitter.com/AsILayHodling → Joe Burnett’s Twitter: https://twitter.com/IIICapital | |||
| Bitcoin is freedom money with Senator Cynthia Lummis | 23 Nov 2023 | 00:27:11 | |
In this podcast, Senator Cynthia Lummis of Wyoming addresses the U.S. national debt as a major national security threat and explores solutions and consequences of failing to address it. She assesses the feasibility of balancing the national budget and discusses the importance of Americans' rights to self-custody Bitcoin. The conversation focuses on the U.S.'s future approach to Bitcoin, its growing acceptance in the Senate, and its potential impact on the global financial system and the U.S. Dollar. Senator Lummis also examines the tax challenges associated with Bitcoin payments and the likelihood of legislation introducing a de minimis tax exemption for small transactions. SUPPORT THE PODCAST: TIMESTAMPS: WHERE TO FOLLOW US: | |||
| Dense energy and hard money with Max Gagliardi | 21 Nov 2023 | 00:57:31 | |
In this episode, Max Gagliardi, an expert in the energy industry, shares his journey into the sector and discusses its misunderstood aspects, inefficiencies, and potential for innovation. He evaluates different energy models, including ERCOT and the national grid, and the challenges in energy development. Gagliardi also explores the future of energy breakthroughs, the feasibility of modular nuclear reactors, and the historical significance of energy in civilizations. He addresses the dynamics of renewable energy, oil prices, and the influence of bitcoin mining on the energy industry. Finally, Gagliardi shares his personal interests in tech, real estate, and energy investments. SUPPORT THE PODCAST: TIMESTAMPS: WHERE TO FOLLOW US: | |||
| Auditing bitcoin narratives with Pierre Rochard | 07 Nov 2023 | 00:47:15 | |
In this episode, Pierre Rochard revisits his foundational experience with the Nakamoto Institute and its influence on bitcoin philosophy, including "Hyperbitcoinization" and "Speculative Attack." Rochard recounts his transition from an accountant to software engineer to product manager at Kraken, emphasizing the importance of the 'don’t trust, verify' approach in his work. He tackles common bitcoin misconceptions, the New York Times environmental impact controversy, and the future of Bitcoin mining amidst halving block rewards. Rochard critically assesses the Stock-to-Flow concept and shares his bullish outlook for bitcoin. SUPPORT THE PODCAST: → Subscribe → Leave a review → Share the show out with your friends and family → Send us an email podcast@unchained.com TIMESTAMPS: 00:00:00 Intro 00:01:22 The Nakamoto Institute and speculative attacks 00:07:03 Why are we not seeing more speculative attacks? 00:13:42 Auditing Everything 00:18:29 Building bitcoin products 00:22:02 What are we wrong about? 00:24:04 Auditing bitcoin miners emitting CO2 00:31:20 2024 halving from a miner’s perspective 00:39:40 Auditing the S2F model and concept 00:44:56 Auditing Artificial Intelligence WHERE TO FOLLOW US: → Unchained Twitter: https://twitter.com/unchainedcom → Unchained Linkedin: https://www.linkedin.com/company/unchainedcom → Unchained Newsletter: https://unchained.com/newsletter → Pierre Rochard’s Twitter: https://twitter.com/BitcoinPierre → Joe Burnett’s Twitter: https://twitter.com/IIICapital | |||
| Your professor didn't study bitcoin with Peter St Onge | 24 Oct 2023 | 00:44:13 | |
In this episode, Peter St Onge shares his journey from obtaining a PhD in economics to embracing bitcoin. Peter discusses the current state of academia, the perceptions of freedom and bitcoin among professors at top universities, and whether the existing education system is broken. We explore the viability of bitcoin as a solution to the problems in academia, the challenges facing Austrian economists in adopting bitcoin, and the position of the Mises Institute. Peter also sheds light on the popularity of his videos and his vision for the future of bitcoin. SUPPORT THE PODCAST: → Subscribe → Leave a review → Share the show out with your friends and family on social media → Send us an email podcast@unchained.com TIMESTAMPS: 00:00:00 Intro 00:01:32 Why a PhD in economics? 00:08:00 Current state of academia and top universities 00:19:58 Why do anti-bitcoin austrians still exist? 00:22:48 Peter’s viral videos 00:27:04 What’s the solution to broken government? 00:30:47 Will bitcoin defund corruption? 00:38:35 2033 and beyond WHERE TO FOLLOW US: → Unchained Twitter: https://twitter.com/unchainedcom → Unchained Linkedin: https://www.linkedin.com/company/unchainedcom → Unchained Newsletter: https://unchained.com/newsletter → Peter St Onge’s Twitter: https://twitter.com/profstonge → Joe Burnett’s Twitter: https://twitter.com/IIICapital | |||
| Global Bitcoin Fever with Tuur Demeester | 10 Oct 2023 | 00:46:49 | |
In this pioneering episode of The Bitcoin Frontier Podcast, we are joined by Tuur Demeester, who walks us through his extensive journey navigating bitcoin’s highs and lows of each halving epoch. Tuur shares his insights on the intriguing connection between demographics and bitcoin popularity, the global impact of movements like Oliver Anthony and Milei, and what the future holds for bitcoin in the 2024 US presidential election. Don't miss this thought-provoking conversation that delves into the complexities of bitcoin and the political landscape. SUPPORT THE PODCAST: → Subscribe → Leave a review → Share the show out with your friends and family on social media → Send us an email podcast@unchained.com TIMESTAMPS: 00:00:00 Intro 00:01:11 Tuur’s journey on the bitcoin frontier 00:08:10 What have you been wrong about? 00:11:06 Rich men north of richmond 00:16:20 Appalachia and bitcoin 00:26:44 Milei’s rise in Argentina 00:37:20 Bitcoin fever is spreading 00:41:21 Is there another fever like bitcoin fever? WHERE TO FOLLOW US: → Unchained Twitter: https://twitter.com/unchainedcom → Unchained Linkedin: https://www.linkedin.com/company/unchainedcom → Tuur Demeester’s Twitter: https://twitter.com/TuurDemeester → Joe Burnett’s Twitter: https://twitter.com/IIICapital | |||
| Welcome to The Bitcoin Frontier | 29 Sep 2023 | 00:00:52 | |
Welcome to the Bitcoin Frontier podcast presented by Unchained and hosted by your very own Joe Burnett. | |||
| Can bitcoin mining drive down your electricity bill? with Nazar Khan, COO of TeraWulf | 20 Aug 2024 | 01:00:14 | |
In this episode, Nazar Khan, COO of Terawulf, discusses his entry into power and bitcoin mining, weighing the importance of inexpensive energy versus more efficient machines. He shares his thoughts on the growth of mining capacity, the competition between AI and mining for power, and the possibility of utilities acquiring bitcoin miners. Nazar also explores Terawulf's dual exposure to AI and mining, strategies for managing bitcoin's volatility, and the challenges of operating in a hyper competitive market. He addresses the impact of miners on bitcoin's price, potential international expansion plans, and whether mining could lead to lower consumer electricity prices. The episode wraps up with Nazar's views on mining's natural decentralization, a contrarian belief he holds, and the biggest risks facing bitcoin today. SUPPORT THE PODCAST: → Subscribe → Leave a review → Share the show with your friends and family → Send us an email podcast@unchained.com TIMESTAMPS: 00:00:00 Intro 00:01:17 Nazar’s into to power and mining 00:06:51 More energy or better machines? 00:08:32 Was bitcoin mining intuitive to you at first? 00:13:08 8 GWs added over the last few years, what about the next 4 years? 00:15:00 Do AI and mining compete for power? 00:22:37 Will utilities acquire bitcoin miners? 00:25:27 WULF—AI vs mining exposure 00:28:03 Mining through the volatility 00:30:14 Is mining a brutally competitive market? 00:34:00 Most difficult part about operating a bitcoin mine? 00:35:15 Do miners affect the price of bitcoin? 00:36:59 Is WULF US only? When international mining? 00:40:47 Magnitude of mining power 00:42:00 Is global energy production about to explode? 00:48:56 Does mining lead to lower consumer electricity prices? 00:56:30 Does mining naturally decentralize to low cost power? 00:56:55 What’s something you believe that most bitcoiner’s disagree with? 00:59:12 What’s the biggest risk to bitcoin? 00:59:36 Closing thoughts WHERE TO FOLLOW US: → Unchained Twitter: https://twitter.com/unchainedcom → Unchained LinkedIn: https://www.linkedin.com/company/unchainedcom → Unchained Newsletter: https://unchained.com/newsletter → Joe Burnett’s Twitter: https://twitter.com/IIICapital | |||
| Bitcoin at the Bloomberg Invest Summit with Alyse Killeen | 13 Aug 2024 | 00:57:28 | |
In this episode, Alyse Killeen discusses bitcoin's presence at the Bloomberg Invest Summit and its connection to AI, including insights from Jeff Booth’s thesis. She examines the positive feedback loop between AI and the Lightning Network, comparing it to other bitcoin Layer 2 solutions. Alyse also touches on Fold’s SPAC, her motivation for founding Stillmark, and the regulatory challenges facing bitcoin and bitcoin startups. She shares her thoughts on educating politicians about bitcoin, the future of Taproot assets, and how startups should navigate bitcoin’s volatility. The episode concludes with a discussion on the most underrated bitcoin products and how to balance between holding bitcoin and investing in bitcoin startups. SUPPORT THE PODCAST: → Subscribe → Leave a review → Share the show with your friends and family → Send us an email podcast@unchained.com TIMESTAMPS: 00:00:00 Intro 00:01:43 Bitcoin at the Bloomberg Invest Summit 00:05:45 Bitcoin, LLMs, and generative AI 00:08:04 Jeff Booth thesis + AI 00:11:26 AI and Lightning positive feedback loop 00:15:58 Lightning vs other bitcoin L2s 00:19:20 Fold’s SPAC and bitcoin VC 00:21:15 Why did you found Stillmark? 00:23:49 Regulatory hurdles for bitcoin or bitcoin startups? 00:28:27 Educating politicians on bitcoin vs crypto 00:30:55 What’s the biggest challenge for bitcoin startups? 00:33:29 Taproot assets 00:36:51 Credit cards vs Lightning decades from now 00:39:59 Should bitcoin startups operate differently because of bitcoin volatility? 00:42:07 Most underrated bitcoin product or service 00:47:28 Holding bitcoin vs investing in bitcoin startups 00:56:23 Closing thoughts WHERE TO FOLLOW US: → Unchained Twitter: https://twitter.com/unchainedcom → Unchained LinkedIn: https://www.linkedin.com/company/unchainedcom → Unchained Newsletter: https://unchained.com/newsletter → Joe Burnett’s Twitter: https://twitter.com/IIICapital → Alyse Killen’s Twitter: https://x.com/AlyseKilleen | |||
| Bitcoin—short the current world and long a new world with James Lavish | 06 Aug 2024 | 00:53:40 | |
In this episode, James Lavish discusses the potential of bitcoin against the current fragile financial system. He starts by explaining why bitcoin is short the current world and long a new world. James examines how weak leadership can create challenging times and its impact on financial cycles. He explores the next wave of institutional adoption and whether Wall Street still laughs at bitcoin. Emphasizing the need for critical thinking, James questions if excessive economic stimulus actually slows bitcoin adoption. He speculates on bitcoin's potential value, considering $10 trillion, $100 trillion, or $1,000 trillion scenarios. The episode also covers how long he thinks the market can fall and analyzes the national debt, and what it means for America and bitcoin.
TIMESTAMPS: WHERE TO FOLLOW US: | |||
| Bitcoin businesses under the Biden Administration with Caitlin Long | 30 Jul 2024 | 01:00:36 | |
In this episode, Caitlin Long analyzes bitcoin businesses under the Biden Administration. She begins with her reasons for building Custodia and the importance of opening banking to all industries. Caitlin critiques the SEC's recent court losses and explores Custodia's efforts to obtain a master account at the Federal Reserve, contrasting Custodia's approach with the Federal Reserve's stance. The discussion moves to Operation Choke Point 2.0, the future of banking, and whether de-banking is a subtle attempt to ban bitcoin and crypto. Caitlin shares her thoughts on the surprise of ETF approvals and the more unknown risks of centralized exchanges. She speculates on the products banks might offer once they enter the bitcoin space and the impact of rehypothecation on bitcoin's price. SUPPORT THE PODCAST: → Subscribe → Leave a review → Share the show with your friends and family → Send us an email podcast@unchained.com TIMESTAMPS: 00:00:00 Intro 00:01:26 Why did Caitlin build Custodia? 00:02:43 Opening banking to all industries 00:04:26 SEC continues losing court cases 00:05:46 Master account at the Federal Reserve 00:11:49 Custodia vs Federal Reserve 00:16:13 Operation Choke Point 2.0 00:21:05 Future of banking? 00:22:50 Is de-banking a roundabout way to ban bitcoin and crypto? 00:30:38 How surprising were the ETF approvals? 00:35:54 Unknown risk of centralized exchanges 00:38:50 When banks come what products will they offer? 00:43:08 Does rehypothecation affect the price of bitcoin? 00:46:37 Banking industry endgame–fractional reserve vs full reserve? 00:52:35 Are you surprised Tether never died? 00:57:00 What is the biggest risk to bitcoin? 01:00:12 Closing thoughts WHERE TO FOLLOW US: → Unchained Twitter: https://twitter.com/unchainedcom → Unchained Linkedin: https://www.linkedin.com/company/unchainedcom → Unchained Newsletter: https://unchained.com/newsletter → Joe Burnett’s Twitter: https://twitter.com/IIICapital → Caitlin Long’s Twitter: https://x.com/CaitlinLong_ | |||
| Everything you know about MicroStrategy is wrong with Brian Brookshire | 23 Jul 2024 | 00:36:16 | |
In this episode, Brian Brookshire provides a comprehensive analysis of MicroStrategy’s bitcoin acquisition strategy. He begins with his background in fintech product marketing, including experiences at Stanford and in Asia. Brian explores MicroStrategy's use of convertible debt to accumulate more bitcoin per share, evaluating the marginal returns and looking back at the NAV discount in 2022. He discusses the risks of MicroStrategy as a bitcoin yield vehicle, potential new products, and future acquisitions. The conversation compares spot bitcoin to spot MSTR and considers whether other companies will soon follow MicroStrategy's lead. Last, Brian dives into his perspective on the stock-to-flow and power law models. SUPPORT THE PODCAST: → Subscribe → Leave a review → Share the show out with your friends and family → Send us an email podcast@unchained.com TIMESTAMPS: 00:00:00 Intro 00:01:11 Brian’s background—Stanford, Asia, and fintech product marketing 00:02:49 MSTR’s bitcoin convertible debt strategy 00:12:08 Accumulating more bitcoin per share 00:15:26 Marginal returns on increasing bitcoin per share? 00:18:27 MSTR’s NAV blowing out? 00:19:41 MSTR’s NAV discount in 2022 00:21:50 MSTR as bitcoin yield? 00:22:48 MSTR new products and potential future acquisitions 00:24:12 Spot bitcoin vs spot MSTR 00:25:49 Will other companies finally follow MSTR? 00:30:08 S2F, power law, and the models 00:32:00 What’s the biggest risk to bitcoin? 00:34:44 What’s something you believe about bitcoin that many bitcoiners would disagree with? 00:35:26 Closing thoughts WHERE TO FOLLOW US: → Unchained Twitter: https://twitter.com/unchainedcom → Unchained Linkedin: https://www.linkedin.com/company/unchainedcom → Unchained Newsletter: https://unchained.com/newsletter → Joe Burnett’s Twitter: https://twitter.com/IIICapital → Brian Brookshire’s Twitter: https://x.com/btc_overflow | |||