The Bitcoin Frontier Unchained Capital, Inc

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).

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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
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→ Joe Burnett’s Twitter: https://twitter.com/IIICapital
→ Bitstein’s Twitter: https://x.com/bitstein

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.

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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
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→ 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: →  Website: https://bespokegroup.io/→  Matt’s X: [https://x.com/mcclintock_m →  Company X: https://x.com/BespokeGroupCO→  Matt’s LinkedIn: https://www.linkedin.com/in/mattmcclintock/→  Company LinkedIn: https://www.linkedin.com/company/bespoke-service-company-llc/

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.

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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

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:
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→ 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 

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 

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