Stephan Livera Podcast

Stephan Livera

Join Stephan as he interviews the sharpest economic and technical minds in Bitcoin & Austrian Economics to help you understand how money is changing and evolving. Leading names in the world of Bitcoin join the show to share their insights, whether they are developers, CEOs, economists, authors, analysts and more.

  1. Fedimint in South Africa: Zero Fees & Community Custody | SLP752

    hace 12 h

    Fedimint in South Africa: Zero Fees & Community Custody | SLP752

    A South African circular economy is already running real payments on Fedimint with seven guardians on Start9 boxes. Users send eCash with zero fees inside the federation and feel the same simplicity as Wallet of Satoshi—except the custody is local and the privacy model is different. Hermann and Joshi explain how non-technical guardians set up 5-of-7 multisig, how the Conduit wallet hides complexity, and why Fedimint beats Liquid on on-chain integration and local trust. They also cover Lightning gateway economics and why small federations may beat one global Spark. Bitcoiners exploring Lightning, eCash privacy, and circular economies in emerging markets should listen. Key Takeaways: Seven-guardian 5-of-7 multisig on Start9 now runs daily in South Africa with high reliability. Users inside the same federation enjoy true zero-fee eCash transfers. Conduit wallet offers a lighter, payments-focused alternative to Fedi with regional QR support. Migration between federations is smooth with parallel running and user-controlled timing. Fedimint severs the transaction graph for privacy while Liquid hides amounts but retains the graph. Local guardians reduce the “custodial guilt” felt when onboarding users to foreign services. Lightning gateways can become profitable side businesses with only a few hours of monthly work. Geographic spread of guardians improves resilience against local internet or power outages. Onboarding still requires one extra step—joining the federation—after app install. Fedimint is on-chain native, allowing direct receive and send without intermediate swaps. Timestamps: 00:00 - Fedimint Goes Live in South Africa 01:48 - Magic: Pay Across Africa 04:15 - Onboard Users Without Custodial Guilt 08:08 - Zero Fees Shock Rural Users 11:04 - Liquid vs Fedimint Privacy Showdown 13:32 - Many Small Federations Or Global Spark 16:09 - Non-Techies Run Bitcoin Guardians Easily 18:14 - 5-of-7 Multisig Survives Two Failures 20:53 - Fedimint QR Is a 5-of-7 Multisig 24:05 - Gateway: Profitable Hobby in Hours/Month 31:06 - Trust Locals Over Anonymous Custodians 34:55 - Spread Guardians to Survive Outages Links:  Bitcoin Ekasi: https://bitcoinekasi.org Fedimint: https://fedimint.org Conduit Wallet: https://joschisan.github.io/conduit/ SLP651 with Eric & Joschi: https://stephanlivera.com/651 Follow Hermann: https://x.com/vryfokkenou Follow Joschi: https://x.com/joschisanbtc Stephan Livera links: Follow me on X: @stephanlivera Subscribe to the podcast Subscribe to Substack

    37 min
  2. Bitcoin Treasury Stocks: Sentiment or Structure? Deep Dive with Adrian Morris | SLP749

    hace 4 días

    Bitcoin Treasury Stocks: Sentiment or Structure? Deep Dive with Adrian Morris | SLP749

    In this episode, Adrian Morris joins the show to discuss Bitcoin Treasury Companies. We explore whether MSTR and STRC are over, sustainable mNAV premiums, the impact of leverage, the right way to calculate mNAV, how many such companies can realistically exist, and how this space evolves through bull and bear markets. Timestamps: 00:00 What are Bitcoin Treasury Skeptics Getting Wrong? 03:55 Is it over for STRC? Par vs Peg 06:30 The level of correlation to Bitcoin price 07:10 Critiques of STRC marketing? 09:02 Market Dynamics and Bitcoin Correlation 10:50 Should Strategy Do Something About STRC? 13:55 Is it a waiting game? 14:40 Is the bitcoin treasury risk mispriced? When is a premium justified? 19:26 Leverage or Amplification embedded in the structure 24:10 Operating or Financing Flows to Get Bitcoin? 26:15 mNAV 29:12 Thoughts on CEBE Analysis 32:30 Different forms of mNAV 36:12 Sentiment’s role is amplified 40:32 “Just Tread Water and Survive Until the Bull” 42:47 Will the Correlation to Bitcoin Price increase over time? 46:18 Growth Opportunities: Mergers and Acquisitions  48:23 The Bitcoin Treasury Model - How Replicable is it? 51:50 Where are we in this cycle? 53:42 AI Analysis: Tools and Techniques for Investors 58:55 Is AI being overbuilt?  1:01:40 Open Weights and Local AI? Links:  Adrian on X: https://x.com/_Adrian True North: https://tnorth.com/ Bitcoin For Corporations: https://bitcoinforcorporations.com/ Stephan Livera links: Follow me on X: @stephanlivera Subscribe to the podcast Subscribe to Substack

    1 h 7 min
  3. Silent Payments as the next step forward | SLP748

    26 jun

    Silent Payments as the next step forward | SLP748

    In this episode, Craig Raw returns to discuss Sparrow’s Silent Payments and Frigate integration, where multisig UX stands in 2026, his thoughts on building Bitcoin wallet software solo, and the ongoing challenges of distribution and platform risk. We discuss: Silent Payments and their impact on privacy and UX Platform risks and the importance of pragmatic development Standards and interoperability in Bitcoin wallets The future of multi-sig UX and hardware wallet support Cryptographic innovations like Frigate for scalable scanning Timestamps: 00:00 - Intro and Apple’s Walled Garden 05:30 - Pragmatism in Bitcoin 06:30 - Silent Payments: A New Era for Bitcoin Transactions 08:40 - Biggest Challenge in Bitcoin Privacy today 12:03 - Why Address Re Use is so prevalent today 13:40 - Contrasting Silent Payments and Lightning Address 16:00 - The Benefits of Silent Payments Far Outweigh Incremental Complexity 19:00 - The Future if the Bitcoin Community Doesn’t Move on this 22:45 - Privacy vs Convenience 25:40 - Putting SP and Lightning Address together 28:30 - The Scanning Challenge for SP and Frigate 37:20 - Hardware Reqruirements for Frigate 41:00 - Can Hardware Wallets Support SP? 49:55 - Bitcoin Multi Sig in 2026 51:30 - Craig on Miniscript use - Inheritance, Timelocking 53:20 - Miniscript refresh privacy concern 55:30 - Miniscript for managed solutions 59:00 - Multi Sig Quorum Registration 1:01:00 - Mixed Vendor Multi Sig setups 1:04:00 - Wallet Labelling BIP 1:06:44 -  Bitcoin Adoption: Balancing Purism and Pragmatism 1:09:00 - What to do about bad regulations or laws?  1:12:00 - Could Government Target Silent Payments? 1:13:39 -  Sustainability of Sparrow Wallet Development Links:  https://x.com/SparrowWallet https://x.com/CraigRaw sparrowwallet.com  Stephan Livera links: Follow me on X: @stephanlivera Subscribe to the podcast Subscribe to Substack

    1 h 17 min
  4. Using Bitcoin to Change the World: UHNW Philanthropy, Stewardship & Generational Legacy w/ Matt McClintock & Alla Futterman (Bespoke Group) SLP745

    23 jun

    Using Bitcoin to Change the World: UHNW Philanthropy, Stewardship & Generational Legacy w/ Matt McClintock & Alla Futterman (Bespoke Group) SLP745

    Matt McClintock (Founder & CEO of Bespoke Group) returns to the show alongside Alla Futterman (Associate Client Relationship Manager & Head of Philanthropy Operations) fresh off his main-stage talk at BTC Prague 2026 titled “Using Bitcoin to Change the World.” In this deep dive, we explore how ultra-high-net-worth Bitcoiners and their families are moving beyond simple HODLing to become active stewards — deploying Bitcoin through sophisticated, values-aligned philanthropy to solve real problems (landmine clearance, human trafficking recovery, wildlife protection, cultural preservation, and more). We unpack Bespoke Group’s “Wealth Operating System,” sovereign estate planning for bearer assets, tax-efficient giving structures, next-gen involvement, the mindset shift from ownership to “this wealth has been entrusted to me,” and practical advice for Bitcoiners at every level who want their capital to outlive them and actually improve the world. If you’ve ever wondered how to turn Bitcoin conviction into lasting generational impact while keeping sovereignty and privacy intact, this is the episode. Timestamps: (00:00) - Introduction to Bitcoin Philanthropy (06:38) - Tax-Efficient Philanthropy Strategies (13:07) - Charitable Structures for Bitcoin (20:22) - Mindset Shifts in Bitcoin Philanthropy (27:22) - Wealth Stewardship and Bitcoin (32:13) - Challenges in Bitcoin Philanthropy (37:23) - Engaging the Next Generation in Philanthropy (39:49) - Practical Tips for Everyday Bitcoiners    Links:  Bespoke Group → https://bespokegroup.io/ Matt’s article: “How Bitcoin Wealth is Changing the World” (June 2026) Alla’s article: “Philanthropy as Wealth in Motion” https://x.com/mcclintock_m Stephan Livera links: Follow me on X: @stephanlivera Subscribe to the podcast Subscribe to Substack

    43 min

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Join Stephan as he interviews the sharpest economic and technical minds in Bitcoin & Austrian Economics to help you understand how money is changing and evolving. Leading names in the world of Bitcoin join the show to share their insights, whether they are developers, CEOs, economists, authors, analysts and more.

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