Stephan Livera Podcast

Επεισόδια

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  Institutional Custody, Multisig & the War on Cash | Mike Belshe SLP773 16.09.2026 1ώ 7λ

  Mike Belshe, co-founder and CEO of BitGo, walks through how institutional Bitcoin custody actually works in 2026: qualified custody, self-custody co-signing, and why BitGo still centers a 2-of-3 model after pioneering P2SH multisig in 2013.BitGo now operates as a US-regulated qualified custodian and public company, while still offering the same wallet stack individuals can run in self-custody mode. The conversation covers what “institutional security” means in practice — HSM-backed co-signing, open-source recovery paths, multi-jurisdictional key storage (including how BitGo moved WBTC when US regulation looked hostile), and why on-chain multisig still beats vendor-locked MPC for cold ops.They also dig into the political and operational risks around large Bitcoin holdings: KYC and PII as honeypots, France tying names to amounts, the war on cash reaching Bitcoin, and whether an EO 6102-style confiscation risk still belongs in the threat model. On the institutional side, Belshe pushes back on multi-custodian setups that add failure modes, explains insurance limits versus the size of the Bitcoin market, and why splitting wallets matters after events like Bybit.Timestamps00:00 — Intro: Mike Belshe of BitGo00:59 — Don't Lose Self-Custody's Power05:41 — Retail Deserves Institutional Security07:16 — Humans Are Terrible at OpSec09:56 — 2-of-3 Protects Theft and Loss14:35 — Retail Pays 160 Basis Points19:22 — Why People Drift Toward Banks20:35 — Self-Custody Is Never Trustless23:39 — Why BitGo Sticks to 2-of-330:31 — A Public CEO Holds Zero at Home31:27 — KYC Leaks Are Government Honeypots39:28 — France Doxed Bitcoin Holdings41:30 — War on Cash Reaches Bitcoin43:45 — Multi-Jurisdictional Key Storage45:29 — Executive Order 6102 Could Return47:43 — Quantum-Resistant Wallets Today49:27 — Multisig Beats MPC53:33 — Splitting Custodians Adds Failures58:29 — 2-of-2 MPC Can't Recover Loss01:00:57 — $5–7B Insurance vs $1.6T Bitcoin01:03:35 — Bybit Lost 10x by Not Splitting01:05:21 — Multi-Institution vs Qualified CustodyLinks: https://x.com/mikebelshehttps://x.com/bitgoStephan Livera links:Follow me on X: @stephanliveraSubscribe to the podcastSubscribe to Substack
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  Trustless Swaps Across Bitcoin Layers | Walter Maffione SLP772 15.09.2026 37λ

  Walter Maffione, CEO and co-founder of KaleidoSwap, join me to explain how the project grew from an RGB Lightning DEX into a broader swap engine and LSP stack — Lightning as rails between Liquid, Arkade, Taproot Assets, Spark, and RGB — plus KaleidoSDK, desktop app, and browser Extension.We dig into web app and SDK integrations for merchants and unified-balance wallets, how HTLC atomicity works across layers, BOLT 12 multi-asset offers and Nostr discovery for competing providers, Bitcoin-only scope with Flashnet and Utexo bridges for external stables, and a product lineup of desktop app, browser extension, and dual SDKs.Walter also covers agentic payments via MCP plugins, self-sovereign local models with Tether’s QVAC, fee ranges around 0.5–1%, and a one-to-three-month mainnet launch path for the extension, swap provider, and web app.Timestamp:00:00 — Intro: Walter & KaleidoSwap00:50 — From RGB to Multi-Layer Swaps02:14 — LSP Plus Swap Provider Stack03:42 — Merchants, Stables, Unified Balance05:38 — Why Swap UX Took Over Wallets06:42 — Liquidity Ops and Mainnet Path07:58 — AI Attacks After Boltz Shutdown10:23 — Defending Non-Custodial Swaps12:18 — How Atomic Swaps Actually Work13:36 — RGB, Liquid, Arkade, Spark 14:36 — Open Spec, BOLT 12, Nostr Discovery18:23 — Pay Anything via the SDK19:34 — Bitcoin Layers Only + Bridges22:05 — Desktop, Extension, Dual SDKs25:05 — UX That Adapts to the User26:32 — Agentic Payments and QVAC33:22 — MCP Plugins, Keep Your Own AI35:11 — Fees Around 0.5–1%35:57 — Launch Timeline: Next 1–3 Months37:05 — Find KaleidoSwap OnlineLinks: https://x.com/bit_walthttps://x.com/kaleidoswaphttps://docs.kaleidoswap.com/whats-kaleidoswap/introductionStephan Livera links:Follow me on X: @stephanliveraSubscribe to the podcastSubscribe to Substack
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  Bitcoiners Must Remove Single Points of Failure | Dhruv Bansal SLP771 10.09.2026 49λ

  Recent attacks exposed how even large, educated Bitcoin holders remained exposed through single-vendor setups. The core lesson is that self-custody alone does not remove single points of failure; deliberate design is required.Dhruv Bansal, co-founder and CISO of Unchained, joins to examine these incidents and the practical barriers that keep most hardware wallet users on single sig despite years of warnings.The conversation covers the gap between theoretical multisig knowledge and actual adoption, the trade-offs between anonymity and regulated inheritance paths, why newer layers attract attacks first, and the need for human review of AI-generated code at Bitcoin firms.Bansal argues that cryptographic hardware will become ordinary infrastructure for everyone in an AI-driven internet, not a niche Bitcoin tool, and that mature risk systems rely on fractal networks rather than centralized controls.Timestamps:01:42 — No Single Points of Failure Allowed05:34 — Even Large Holders Skip Multisig?09:14 — You Could Be Your Own Failure Point13:35 — Anonymity vs KYC16:27 — Don't Half-Ass Your Bitcoin Security21:23 — One Wallet, True Multi-Vendor Security24:24 — Single Sig Can Still Lose Everything30:26 — Why Everyone Will Need Hardware Wallets32:06 — Why Attackers Hit Bitcoin L2s First36:32 — Bitcoin Firms Must Human-Review AI Code40:05 — Bitcoin as Humanity's AI Defense System42:59 — Remove Single Points of Failure Forever45:25 — Hardware Wallets at Every Gas Station47:34 — Bitcoiners and Key EntropyLinks: https://x.com/dhruvbansalhttps://x.com/unchainedhttps://www.unchained.com/Stephan Livera links:Follow me on X: @stephanliveraSubscribe to the podcastSubscribe to Substack
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  Interviews at Origin Seoul 2026 | SLP770 03.09.2026 41λ

  00:00 - Interview with Gabriele Vernetti of Stratum V2 @gitgab1915:38 - Interview with Jimmy Kostro @jimmykostro29:30 - Interview with James Check of checkonchainLinks: https://x.com/gitgab19https://x.com/jimmykostrohttps://x.com/_checkonchainhttps://x.com/_checkmatey_https://x.com/stratumv2Bitcoinchiangmai.org
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  Bitcoin Asia (HK) 2026 Day 2 Interviews | SLP769 31.08.2026 27λ

  Interviews at Bitcoin Asia 2026 Day 200:00 - Piriya Sambandaraksa05:14 - Alexander Mann11:04 - Shone Anstey of LQWD17:03 -Liam Eagen from Ideal GroupLinks: https://x.com/piriyahttps://x.com/idealgrouphttps://x.com/liameagenhttps://x.com/LQWDTechhttps://x.com/shoneansteyhttps://x.com/alex_singh_mannStephan Livera links:Follow me on X: @stephanliveraSubscribe to the podcastSubscribe to Substack
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  Bitcoin Asia (HK) 2026 Day 1 Interviews | SLP768 29.08.2026 40λ

  In this episode, I interviewed several people at Bitcoin Asia 2026.Timestamps:00:00 - Interview with Adam Poulton06:28 Interview with Giovanni Santostasi15:18 Interview Jeff Walton of Strive34:11 Interview with Alex B from ArkLabsLinks: http://x.com/Giovann35084111http://x.com/adampoultonhttp://x.com/bergealex4http://x.com/arklabshqhttp://x.com/punterjeffhttp://x.com/striveStephan Livera links:Follow me on X: @stephanliveraSubscribe to the podcastSubscribe to Substack
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  Wallet Playground for learning Bitcoin self custody with Piers Macrae | SLP767 25.08.2026 29λ

  In this episode, Piers Macrae demonstrates Wallet Playground and explains why hardware wallets are signing devices, not wallets.Timestamps:01:10 — Teach Me vs Do It For Me03:23 — Test Any Wallet Free in Browser09:09 — Coldcard Drama Forced Early Release14:03 — Generate Seeds Using Your Webcam17:52 — Hardware Wallets Aren't Real Wallets21:52 — Only 1% Use Multisig for Life Savings25:33 — Self-Custody Like Firearms Drilling?27:30 — Only Tiny Percentage Will Self-CustodyLinks: X: @mineracks — https://x.com/mineracksWallet Playground: https://walletplayground.com/mineracks: https://www.mineracks.com/Stephan Livera links:Follow me on X: @stephanliveraSubscribe to the podcastSubscribe to Substack
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  Dice Rolls, Entropy, and SeedSigner | Keith Mukai SLP766 22.08.2026 52λ

  In this episode, Keith Mukai of SeedSigner joins to explain why 1.4 percent variance in cheap dice still delivers full 128-bit entropy and how to verify rolls across devices.Timestamps:03:10 — Cheap Dice Only 1.4% Unfair?06:29 — Shake Multiple Dice in a Box08:26 — Verify Dice Rolls Across Devices11:02 — Verify Dice Seeds With Fake Rolls13:50 — Multiple Test Rounds Foil Attackers16:36 — 90% Users Choose Easy RNG Mode19:08 — Jade's D&D Dice Method?21:53 — Build Your Own: Avoid Mailing List Leak24:48 — Stateless Device: Evil Maid Gets Nothing26:45 — Hand-Drawn SeedQR: Skip Typing 24 Words29:02 — SeedSigner: Built for Long-Term Cold Storage31:30 — Evil Maid SD Card Swap Destroys Security35:27 — Why Multisig Beats Single-Sig + Passphrase37:14 — Scan Sparrow PDF QR to Load Multisig42:16 — No One-Size-Fits-All Security46:41 — Understand Dice Rolls Yourself49:13 — Take Baby Steps to MultisigLinks: https://seedsigner.com/https://x.com/keithmukaihttps://x.com/SeedSignerStephan Livera links:Follow me on X: @stephanliveraSubscribe to the podcastSubscribe to Substack
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  Jade for Single-Sig or Multisig | Rich SLP765 19.08.2026 27λ

  In this episode, Rich from the team at Blockstream explains Jade, offline dice entropy, blind oracle protection, multisig descriptor recovery and the new Blockstream Swaps beta.Timestamps:00:45 — AI Scans & Audits Secure Jade03:21 — Jade Core $99, Plus Up to $16905:51 — Roll Dice for Offline Seed Entropy08:23 — Blind Oracle: Remote Secure Element Explained11:15 — Seed QR: Hand-Draw Your Recovery Phrase15:24 — Jade Sends Back Lost Multisig Descriptor19:40 — People Choosing Multisig Over ETFs25:03 — Blockstream Swaps Beta: Lightning to LiquidLinks: blockstream.com/jade https://x.com/blockstreamhttps://x.com/blockstreamjadeStephan Livera links:Follow me on X: @stephanliveraSubscribe to the podcastSubscribe to Substack
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  Wavelength Delivers Ark-Based Lightning Without Node Overhead | Roasbeef & Michael Levin SLP764 14.08.2026 50λ

  Lightning Labs built Wavelength to deliver self-custodial Lightning payments without forcing users to run nodes, manage channels, or handle liquidity.Olaoluwa Osuntokun, CTO and co-founder of Lightning Labs, and Michael Levin, VP of Product, join me to detail the design choices behind their Ark implementation.They explain why Ark was selected, how hop hints let every payment use ordinary Lightning invoices, and why the four-endpoint SDK targets AI agents and vibe coders. The conversation covers sub-dust vouchers, unilateral exits, offline payment delivery, and one-basis-point alpha pricing.Wavelength shows that self-custodial Lightning can match the integration ease of custodial services while preserving Bitcoin sovereignty.Timestamps01:28 — Why Wavelength: Lightning Without Node Pain03:00 — Why Ark? 05:28 — No New Addresses: Just Lightning Invoices08:40 — Targeting Vibe Coders & AI Agents13:06 — Lightning Beats Credit for LLM APIs17:51 — Receive Sub-1k Sat Vouchers Seamlessly19:32 — Normal User Spins Up Ark Wallet Fast23:02 — Build Wallets with Just 4 Endpoints24:46 — Telegram Self-Custodial Wallets Already Live26:21 — Offline Payments Still Arrive Automatically29:17 — Drop-In SDK for iOS and Android31:26 — Can Servers Steal Your Funds?33:36 — Wavelength Alpha: Just 1 Bip Fees37:57 — AI Attacks Targeting Bitcoin Services?44:05 — Bug Bounties Shift to Token Spending48:36 — Self-Custody as Easy as CustodialLinks: https://x.com/roasbeehttps://x.com/MichaelLevinWavelength Announcement: https://x.com/lightning/status/2079620936567779707Stephan Livera links:Follow me on X: @stephanliveraSubscribe to the podcastSubscribe to Substack
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  Bitcoin Custody Rules Have Changed | Michael Tanguma SLP763 13.08.2026 44λ

  Old self-custody approaches collapse once Bitcoin reaches six figures, physical threats rise, and AI tools proliferate. Single hardware wallets and mattress myths no longer match the scale or risks that large holders now face.Michael Tanguma, CEO and co-founder of Onramp, returns to examine how custody must adapt to family obligations, mortality, and market structure that turns concentrated holdings into targets.The discussion covers why repeated exchange failures keep Bitcoin looking speculative to outsiders, how multi-institution setups reduce scam ROI, and the limits of adding more dice or vendors in an AI era. It also addresses custody pricing models and the practical question of whether any current setup survives a tenfold price increase.Game theory now requires diversified institutional layers rather than pure self-reliance for serious stacks.Timestamp:03:43 — Bitcoin Custody Won't Work Like 201205:49 — Self-Custody Rules Changed With Your Life07:19 — Why Bitcoiners Must Stop the Mattress Myth09:01 — Bitcoin's Asset Layer Makes It Unstoppable11:22 — Private Keys Are Like Firearms15:40 — Custody Losses Keep Bitcoin Speculative18:56 — AI Just Changed Self-Custody Forever21:41 — Why Bitcoin Robberies Are Skyrocketing25:41 — Multi-Institution Custody Kills Pig Butchering27:57 — Bitcoin at $650K: Security Nightmare?29:30 — Game Theory Demands Multi-Custody Bitcoin32:03 — Centralized Custody: The Honeypot Risk37:56 — Why Custody Fees Should Be Zero39:51 — Full Bitcoin Custody for $100/Month42:51 — Would Your Setup Survive 10x Bitcoin?Links:https://x.com/mtangumahttps://x.com/OnrampBitcoinStephan Livera links:Follow me on X: @stephanliveraSubscribe to the podcastSubscribe to Substack#Bitcoin #SelfCustody #Custody #OnrampBitcoin #StephanLivera #StephanLiveraPodcast #BitcoinSecurity #MultiSig
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  Breez Ships Glow — A Super Simple Bitcoin Wallet | Roy Sheinfeld SLP762 12.08.2026 34λ

  Roy Sheinfeld of Breez returns to walk through Glow, the team's new reference wallet built using Spark. It’s designed so non-custodial Bitcoin feels simple: send, receive, and go.Glow uses passkey onboarding (no seed phrase to write down), automatic backup via the passkey provider, and a single-balance UX so users can pay Lightning, on-chain, and stablecoin destinations without wrestling settings.They also cover client-side swaps (Flashnet, multi-vendor architecture after Boltz), AI-driven attacks on swap providers, where Lightning volume actually comes from, Spark unilateral exits, and how AI plus the Breez SDK lets non-developers ship Bitcoin apps from a prompt.Timestamps04:21 — Bitcoin Wallet Onboard with One Passkey08:05 — Stables on Lightning: Overhyped?09:59 — Swaps Needed Even With Lightning Stables11:48 — AI Attacks: Cheaper to Attack Than Defend15:07 — Why Small Teams Get Hacked First17:15 — Swaps Going Private to Survive?19:17 — Backends Drive Most Lightning Volume21:32 — 80/20 Rule: B2B Drives Lightning Volume25:13 — Making Unilateral Exit Economically Viable29:48 — Spark Public Mode31:38 — One Prompt Builds a Bitcoin App33:13 — Non-Technical Users Now Ship Bitcoin AppsLinks: https://x.com/roy_breezhttps://x.com/breez_techhttps://breez.technology/glow/Stephan Livera links:Follow me on X: @stephanliveraSubscribe to the podcastSubscribe to Substack
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  Bitcoin Multi Sig vs Secure Single Sig with Nick Neuman | SLP761 07.08.2026 36λ

  In this episode, Nick Neuman of Casa argues that it’s not the end of self-custody. Instead, it highlights why multisig with multiple vendors provides stronger protection without the hidden complexity of passphrases or dice rolling for single sig setups.Timestamps:03:12 — Not the End of Self-Custody06:14 — Single Sig Is Actually More Complex08:45 — Multisig Simpler Than Secure Single Sig15:37 — $1K Single Sig, $10K Multisig?17:32 — Casa's $250 2-of-3 Multisig Plan20:01 — Private Clients Get Dedicated Advisors22:21 — Bitkey vs Casa27:36 — Going Closed Source Versus AI Attacks30:23 — AI Code Audits Now Cost $1K33:04 — Auto-Rejecting Unknown Callers Saves You34:35 — Guardian Mode Requires Video VerificationLinks: https://x.com/Nneumanhttps://x.com/CasaHODLhttps://casa.io/Stephan Livera links:Follow me on X: @stephanliveraSubscribe to the podcastSubscribe to Substack
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  Kruw on Wasabi 2.8 and Upcoming Forks | SLP760 06.08.2026 28λ

  Kruw (@kruwed) runs one of the highest-volume WabiSabi coordinators, giving him direct insight into how the protocol handles liquidity, Sybil resistance, and real-world usage.Timestamps:00:42 — Wasabi 2.8 Privacy Features 02:45 — Taproot As Wasabi's Default Address07:25 — Pay Inside CoinJoin Saves 40 Minutes10:26 — Auto CoinJoin 12:21 — WabiSabi Blocks Whale Sybil Attacks14:31 — Payjoins16:37 — ClusterMempool Wins for CoinJoins20:00 — Upcoming forks21:14 — CoinJoin: Free Replay Protection Hack22:53 — CoinJoin Ban Myth Debunked25:41 — Black Hole: Earn While MixingLinks: https://x.com/wasabiwallethttps://x.com/Kruwedhttps://wasabiwallet.io/Stephan Livera links:Follow me on X: @stephanliveraSubscribe to the podcastSubscribe to Substack
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  Bitcoin Security Consortium with Mike Schmidt | SLP759 28.07.2026 45λ

  In this episode, Mike Schmidt executive director of Brink, and volunteer coordinator for the consortium, explains how the group formed, autonomy over funding, and how it plans to avoid repeating earlier centralized roadmap fights.Timestamps:00:55 — Quantum Risk and the Consortium Pledge03:10 — The Nine Consortium Members11:40 — Publishing Quantum Research Publicly13:39 — Brink Role and Funding Concerns16:20 — Defining Early Success Metrics19:00 — Informing the Public on Quantum Progress21:17 — Institutional Influence and Protocol Concerns25:13 — Research First on Quantum Signatures29:25 — Expanding Quantum Expertise33:14 — Scope Beyond Quantum Security35:31 — Why Quantum Motivates Corporate Involvement37:43 — Debates Over Development Funding40:30 — No Protocol Roadmap From the Consortium42:57 — Three-Year Goal: Mature ProposalsLinks: Press release: https://www.strategy.com/press/leading-financial-institutions-bitcoin-companies-launch-the-bitcoin-security-consortium_07-23-2026Mike’s thread: https://x.com/bitschmidty/status/2080263159152091455Consortium X: https://x.com/BTCconsortium Stephan Livera links:Follow me on X: @stephanliveraSubscribe to the podcastSubscribe to Substack
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  Daniel Buchner: Why BIP 110 Cannot Stop Bitcoin Spam | SLP758 23.07.2026 57λ

  Buchner, known for his work on decentralized identity at Proof, brings a technical and game-theoretic lens to the debate over Bitcoin's monetary focus versus attempts to restrict arbitrary data.The conversation covers narrative shifts driving spam to Bitcoin, the limits of relay policy versus consensus rules, why the house analogy fails, economic node power over basement operators, and the lack of miner or buyer support that dooms the proposal.Timestamps:01:31 — Locusts Flock to Bitcoin's Last Pasture03:32 — Core Policy Tweaks Aren't Consensus Rules08:44 — Spam Hides in Any Public Key or Hash11:12 — Spammers Adapt in a Day, Consensus Can't14:59 — BIP110 Debate Exposes Major Inconsistency20:44 — Why the House Analogy Totally Fails25:25 — Nodes Get Cheaper Even With Max Spam28:08 — Set Tolerances Assuming Worst Case30:35 — No Legal Liability for Bad Chain Data33:04 — Filter Regime Creates Government Backdoor35:13 — BIP 110 Risks Centralizing Devs Around Luke37:33 — Economic Incentives Trump 'Good Guy' Miners39:03 — Economic Nodes Outweigh Basement Node Runners43:49 — BIP 110 Has Near-Zero Economic Support48:43 — Why Game Theory Kills BIP 11055:52 — BIP 110 Fork Dies With a WhimperLinks: https://x.com/csuwildcatStephan Livera links:Follow me on X: @stephanliveraSubscribe to the podcastSubscribe to Substack
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  Lyn Alden: BIP 110 Could Trigger August Bitcoin Chain Split | SLP757 22.07.2026 1ώ 1λ

  Lyn Alden warns that BIP 110 is unlikely to curb spam and instead mostly rearranges non-monetary data, raising the risk of a minority fork attempt that could split the Bitcoin chain.Lyn Alden is a leading macro analyst and Bitcoiner who examines how fiscal dominance now overrides traditional monetary policy tools.She breaks down why high debt-to-GDP ratios prevent rate hikes from taming inflation, how broad money supply still expands 5-8 percent annually, the limits of semiconductor and AI valuations, and the structure of a new Bitcoin-backed permanent capital vehicle for acquiring cash-flowing businesses.Timestamps:02:14 — BIP 110 Won't Stop Spam04:56 — Bitcoin Faces August Chain Split Risk12:12 — Bitcoin in Bottom Decile of Cycle15:37 — Nothing Stops This Fiscal Train18:04 — Why Volcker Can't Work Today22:02 — Higher Rates Won't Break the System24:44 — Net Issuance Matters, Not Gross Refi27:34 — Fed Balance Sheet Stays Flattish32:56 — Broad Money Grows Despite Flat Fed36:05 — US Money Supply Growth Hits 5-8%38:51 — Fiscal Dominance: Who Wins the Money?41:50 — Why Semiconductors Print Money45:13 — Software Stocks: Value Trap or Opportunity?47:31 — AI Is the New Dot-Com Bubble52:00 — Orange Juice: Bitcoin-Backed Business Buyer57:57 — Permanent Capital Vehicle, Not a Fund59:39 — Founders Keep Equity Upside After SaleLinks:  X: https://x.com/LynAldenContactWebsite: https://www.lynalden.com/0BIP 110 debate ("motte-and-bailey" critique): https://x.com/LynAldenContact/status/2078599151043162159 Stephan Livera links:Follow me on X: @stephanliveraSubscribe to the podcastSubscribe to Substack
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  Bitcoin Desire Hits 8-Year Low | Michael Sullivan SLP756 17.07.2026 43λ

  Bitcoin desire sentiment has fallen to an eight-year low, a contrarian signal that historically aligns with market bottoms rather than tops.Michael Sullivan, an engineer and author, applies machine learning to individual X accounts to track granular Bitcoin emotions and moods over time.He examines how entry eras shape lasting narratives, why pro-BIP 110 cohorts show strikingly low conviction, how individual tracking avoids bot pollution, and why boredom plus infighting often mark optimal accumulation zones.Timestamps:01:44 — Conviction Isn't Bullish or Bearish07:05 — Why Individual X Tracking Beats Bots09:53 — Desire Peaks Flag Bull Market Tops11:49 — Bitcoin Desire Hits 8-Year Low16:27 — New Bitcoiners Angriest Right Now21:00 — Bitcoin Entry Era Shapes Your Views Forever?22:48 — BIP 110 Backers Show Strikingly Low Conviction25:33 — Pro-BIP 110 Group Lives in Its Own Bubble28:39 — BIP110 Brigading Creates Fake Consensus31:57 — OGs Optimistic, Plebs Stay Angry37:13 — X Algo Shift Sparks Bitcoin Optimism39:57 — Why Sentiment Metrics Fail for Trading41:55 — Boredom and Infighting Signal Bitcoin BottomLinks: Michael's X: https://x.com/SullyMichaelvanBitcoin Sentiment Weekly on Substack: https://sentimentsully.substack.comMichael’s novel, Blood of the Bourgeoisie: https://www.amazon.com/Blood-Bourgeoisie-Michael-R-Sullivan-ebook/dp/B0FRZTM49YStephan Livera links:Follow me on X: @stephanliveraSubscribe to the podcastSubscribe to Substack
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  James Check: Spot Buyers Saving Bitcoin Amid Time Pain | SLP755 10.07.2026 54λ

  Even as ETFs and MicroStrategy sell into weakness, natural spot demand has kept Bitcoin from collapsing in what may be the shallowest bear market on record. The real test now is time pain, the grinding boredom that forces out remaining weak hands after the initial price capitulation.James Check, founder of Checkonchain.com, joins me to break down the current cycle through on-chain data and market psychology. His framework distinguishes price pain from the subsequent time pain that historically marks the true bottom.Checkmate examines why short-term holders flipped into high-conviction buyers, why 53K realized price now acts as a floor, the Pareto distribution among Bitcoin treasury companies, and why most copycat strategies will fail in the months ahead.Timestamps:00:56 — Last Day of Bear Feels Worst03:26 — Time Pain Grinds Out Weak Hands05:53 — Shallowest Bear Market Ever Seen08:53 — Spot Buyers Saving Bitcoin From Zero11:14 — Short-Term Holders Are Now Smart Money15:28 — July Bear Bottom: 8-Method Average18:50 — 53K Realized Price Now the Floor23:00 — Buy Bottom 15% and Just DCA28:30 — The AI Trade30:46 — Bitcoin and Gold Share a Rare Moat35:23 — Will Most Bitcoin Treasuries Fail?37:37 — MSTR's Sale of Bitcoin41:28 — Bitcoin Treasuries Follow Harsh Pareto Rule47:30 — Bitcoin Treasuries Next Cycle49:05 — High-Yield Trap?Links: https://x.com/_Checkmatey_https://x.com/_checkonchaincheckonchain.comhttps://charts.checkonchain.comhttp://newsletter.checkonchain.com/Stephan Livera links:Follow me on X: @stephanliveraSubscribe to the podcastSubscribe to Substack#StephanLivera #StephanLiveraPodcast #Bitcoin #BearMarket #OnChain #Checkmate #TimePain #RealizedPrice #BitcoinTreasury #MarketCycles
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  Bitcoin in Your Signal Chat – Radar’s Bold Move with Seth for Privacy | SLP754 09.07.2026 26λ

  Radar integrates self-custodial Bitcoin payments directly into Signal's messaging network, eliminating the need for separate apps or custodians when sending value to contacts.Seth for Privacy, from the Cake Wallet team, explains how Radar targets everyday users rather than Bitcoin maximalists by preserving Signal's privacy model while adding instant Lightning-enabled transfers via Spark.The discussion covers seamless account migration from Signal, offline payment receives, wallet risk limits for non-critical funds, and the decision to pursue VC funding through a separate entity.Timestamps:00:49 — Why Messaging & Payments Stay Separate03:34 — Migrate Signal Account Without Losing Data08:18 — Send Bitcoin Instantly With One Tap10:10 — Receive Payments Completely Offline11:40 — Bitcoin for Everyone, Not Just Bitcoiners14:21 — Don't Put Life Savings in Hot Wallet17:10 — Signal Can't See Your Bitcoin Payments19:13 — Donating Monthly to Signal Foundation22:48 — Radar Takes VC Path Unlike CakeLinks: Radar Chat: https://radar.chat@SethForPrivacy: https://x.com/sethforprivacyCake Wallet: https://cakewallet.comStephan Livera links:Follow me on X: @stephanliveraSubscribe to the podcastSubscribe to Substack