BTC Sessions

Ben Perrin

Get your dose of Bitcoin with weekly news roundups and "Why Are We Bullish" panel shows featuring Bitcoiners from around the world!

  1. −6 h

    Big Tech Gets AI. BlackRock Gets Bitcoin. You Get Prosecuted | Zack Shapiro

    Mentor Sessions Ep 096: Zack Shapiro explains AI existential risk, AI regulation, the Clarity Act, Samurai Wallet, and open source AI policy for Bitcoin. The Clarity Act just failed on the Senate floor, and the fight over whether writing Bitcoin code can be treated as a crime is now heading to 70-year-old federal judges. Zack Shapiro breaks down what that means for self-custody, open source software, and the Samurai Wallet developers still behind bars. In this conversation you'll learn why Zack separates AI existential risk (recursive self-improvement, the orthogonality thesis, instrumental convergence) from the ordinary risks of AI — job displacement, regulatory capture by frontier labs, and cyber attacks like the Cold Card hack. You'll see why he thinks open source AI is not the existential threat, why the Blockchain Regulatory Certainty Act (BRCA) matters more than most Bitcoiners realize, and how the 'two clocks' of AI capability vs enterprise adoption will define the next decade. You'll also get the legal reality behind white hat recovery of hacked Bitcoin, why the liquid hacker is in a bad spot, and what happened when the Clarity Act died on the vine. ⏱️ Timestamps: 0:00 - Intro 0:51 - Amodei, Musk and Altman urge AI slowdown 1:38 - Ordinary risks versus existential AI threats 2:26 - Politics warping the AI safety debate 3:20 - Bostrom, AGI and intelligence explosion risks 5:01 - Orthogonality thesis and instrumental convergence 5:59 - Hugging Face attack shows AI covering tracks 6:58 - No easy policy fixes for AI risks 8:08 - Can't stop AI progress or open source China 9:32 - Separating x-risk concerns from anti-AI populism 12:22 - Regulatory capture and Anthropic IPO timing 14:21 - Keeping open source AI legal and available 16:39 - Trezor self-custody sponsor read 17:43 - One shot parallel between Bitcoin and AI 19:37 - Where real AI productivity gains appear 20:47 - Two Clocks: capability versus enterprise adoption 24:22 - Is AI coming for your job? 25:28 - Electrification analogy and 30-year lag 28:34 - Jevons Paradox and future of work 30:42 - White hat recovery of Cold Card hacked funds 34:02 - Legal precedent for white hat bounties 36:56 - Why the Liquid hacker faces trouble 38:55 - What's actually in the Clarity Act 43:46 - Money transmitter law and the Samurai case 45:20 - Tornado Cash, FinCEN and frying pan argument 47:31 - Why this could ban using Bitcoin 49:33 - BRCA criminal protections and court battles 53:42 - Clarity Act fails to pass what happened 55:24 - Senator Lummis stood on principle 56:50 - Where to follow Zack Shapiro Guest: Zack Shapiro — lawyer and AI-native law firm builder covering crypto policy, AI regulation, and Bitcoin legal defense. 🔗 Links & Resources: - Zack Shapiro on X: https://x.com/zackbshapiro ⚡Previous Episode: Bob Burnett and Nacho Pauls of Ocean: https://youtu.be/1-lvwj4DcJs Brent Johnson: https://youtu.be/UoIwpsOB9O0 🔔 Subscribe for weekly Bitcoin Podcasts 🐦 Follow on X: https://x.com/BTCSessions 🐦 Follow on X: https://x.com/theBTCmentor ⚡Sovereign Sessions — AI, Privacy, and Bitcoin education: http://youtube.com/@SovereignSessions?sub_confirmation=1 ⚡ Sponsored by Trezor - Get Your Safe 7 Today: https://affil.trezor.io/aff_c?offer_id=352&aff_id=1088 ⚡ POWERED by Abundant Mines: Fully managed Bitcoin mining. Learn more at https://qrco.de/bgYKPB ⚡ Sponsored by BITCOIN WELL: Best Place to BUY & SELL BITCOIN https://qrco.de/bfiDC6 💡BOOK Private Sessions with Nathan, Ben and the BTC Mentor Team: Master self-custody, hardware, multisig, Lightning, privacy, and more. 👉 Visit btcmentor.io #Bitcoin #BTC #BTCSessions #ZackShapiro #ClarityAct #BRCA #SelfCustody #SamuraiWallet #ColdCardHack #AIRegulation #AISafety #OpenSourceAI #Superintelligence #BitcoinPolicy #BlackRock

  2. 10 sep.

    They Bet Everything On An Existential Crisis | Bob Burnett & Nacho Pauls

    Mentor Sessions Ep 095: Bob Burnett and Nacho Pauls of Ocean discuss Bitcoin mining decentralization, the BIP-110 chain split, hash rate flight, and Bitcoin Knots. Bitcoin's first real hard fork just tested mining decentralization for real — and Ocean's hash rate dropped from roughly 40 exahash to 23 before clawing back. Bob Burnett (Barefoot Mining, Ocean chairman) and Nacho Pauls break down what actually happened when the chain split, why rented hash fled while owned hash stayed, and what the loss of Bitcoin Knots means for client diversity going forward. You'll learn why the "template centralization" problem is still the core issue even after BIP-110 was resolved, how a non-KYC pool kept paying miners through the chaos, and why Bob argues Bitcoin needs 3 to 5 competing clients — drawing a direct parallel to how the PC industry standardized USB, PCI, and Bluetooth. You'll also get the honest story behind Ocean's high-profile team departures, who's stepping into the CTO and chairman roles, and why Bob calls the whole episode a "distraction" the community ultimately settled the right way. Whether you run a node, stack sats, or care about who really controls Bitcoin's hash, this is a candid, insider conversation about mining, consensus, and what comes next. ⏱️ Timestamps: 0:00 - Intro 0:41 - Hard Fork Fallout and What Happened 1:12 - Have Bob's Decentralization Views Shifted? 1:54 - Datum Templates and Decentralization Fix 3:25 - Ocean Hash Rate Drops From 40 to 23 EH 3:43 - Overcoming Defeatism Among Motivated Miners 4:11 - Nacho Explains Why Miners Left Then Returned 4:57 - Only Pool That Let Miners Choose 6:37 - Owned Hash Rate Versus Rented Hash 8:34 - True Cost of 15 EH Rented Hash 9:38 - Non-KYC Mining and Unknown Customers 10:50 - Why Large Miners Avoid Switching to Ocean 13:20 - Ocean's Jump to 30 EH and Path to 100 17:23 - Sponsor Break 18:50 - Team Drama and Key Departures 20:17 - Amicable Split With Departing Founders 22:01 - Jason Hughes Becomes CTO and Board Changes 23:28 - BIP-110 Debate and Your Hash Your Choice 33:15 - Bob's Personal Take on Departures 34:13 - Mistake of Treating BIP-110 as Crisis 38:39 - Community Consensus and Bitcoin's Strength 43:57 - Losing Bitcoin Knots Client Option 45:53 - Short Medium and Long Term Client Strategy 46:48 - Plea to Core on Extended Version Support 47:27 - Why Bitcoin Needs Three to Five Clients 48:32 - PC Industry Lessons on USB and PCI Standards 51:16 - Where to Follow Nacho and Bob Guests mentioned: Bob Burnett (Barefoot Mining, Ocean), Nacho Pauls (Ocean), plus discussion of Luke DeWolf, Jason Hughes, and the Bitcoin Boomers. 🔗 Links & Resources: • Ocean: https://ocean.xyz • Bob Burnett on X: https://x.com/Boomer_BTC • Nacho Pauls on X: https://x.com/NachoPauls • BTC Sessions: https://btcsessions.ca ⚡Previous Episode: Brent Johnson: https://youtu.be/UoIwpsOB9O0 🔔 Subscribe for weekly Bitcoin Podcasts 🐦 Follow on X: https://x.com/BTCSessions 🐦 Follow on X: https://x.com/theBTCmentor ⚡Sovereign Sessions — AI, Privacy, and Bitcoin education: http://youtube.com/@SovereignSessions?sub_confirmation=1 ⚡ POWERED by Abundant Mines: Fully managed Bitcoin mining. Learn more at https://qrco.de/bgYKPB ⚡ Sponsored by BITCOIN WELL: Best Place to BUY & SELL BITCOIN https://qrco.de/bfiDC6 💡BOOK Private Sessions with Nathan, Ben and the BTC Mentor Team: Master self-custody, hardware, multisig, Lightning, privacy, and more. 👉 Visit btcmentor.io #Bitcoin #BTC #BTCSessions #BitcoinMining #MiningDecentralization #BIP110 #BitcoinKnots #OceanPool #HashRate #BobBurnett #NachoPauls #HardFork #BarefootMining #ProofOfWork #SelfCustody

  3. 7 sep.

    They’re Not Saving the Republic, They’re Building Fortress North America | Brent Johnson

    Mentor Sessions Ep 094: Brent Johnson explains the 2026 dollar outlook, the collapse of the rules-based order, Bessent's Treasury moves, and how AI and stablecoins entrench the US dollar. The rules-based order that kept markets stable for 80 years is dying - and Brent Johnson explains what replaces it, why the US dollar gets STRONGER not weaker, and how AI and stablecoins entrench American power for decades. Brent Johnson (Santiago Capital, Dollar Milkshake Theory) sits down for a wide-ranging conversation on the biggest structural shift in markets since World War Two. You'll learn why he thinks the American Republic could give way to an American empire, why Scott Bessent's Treasury buybacks matter more than the headlines suggest, and how passive management can turn a bond wobble into a full crisis. You'll see why he's concentrated in North America and the Western Hemisphere, why he calls the US-China relationship a "divorce," and why he refuses to bet against the US Treasury even as others call for the dollar's death. He also breaks down why AI is now a matter of national security, why stablecoins are structurally bullish for the dollar, and where Bitcoin fits in the emerging digital-asset order. ⏱️ Timestamps: 0:00 - Intro 1:17 - Iran War and Dollar System Resilience 4:10 - Iran Conflict Pressure on Treasury Yields 5:41 - Rising Yields Create Global Collateral Strain 8:25 - Bessent Long-End Buybacks Explained 10:20 - Mike Green on Passive Bond Risks 11:48 - Rules-Based Order Has Ended 13:39 - Shift to America First Proactive Policy 17:31 - Signs the Rules-Based Order Is Dying 18:27 - Vance and Rubio Munich Security Speeches 21:41 - China Also Wants Strategic Divorce 23:26 - Multipolar World or US Remains Dominant 24:44 - American Republic Falls Into Empire 27:00 - Republic Versus Empire and Authoritarianism 31:07 - Positioning Portfolios Amid Geopolitical Chaos 33:28 - Building Fortress North America Strategy 35:19 - Canada US Relationship Realities 39:41 - Energy Trade War Leverage Analysis 44:16 - Bessent Druckenmiller Soros Trading Lineage 48:51 - Market Outlook Violently Sideways Year End 53:01 - AI Now National Security Priority 57:02 - AI Short Term Employment Risks 58:06 - Stablecoins Strengthen US Dollar Position 59:31 - Bitcoin Role Alongside Stablecoins 1:01:57 - Global Institutions Must Adapt Next Brent Johnson's written research and weekly show "Milkshakes, Markets and Madness" are at Santiago Capital - links below. 🔗 Links & Resources: • Santiago Capital research: https://research.santiagocapital.com/ • Brent Johnson on X: https://x.com/SantiagoAuFund ⚡Previous Episode: Luke Gromen & Lyn Alden: https://youtu.be/xoAuuJyBg6E 🔔 Subscribe for weekly Bitcoin Podcasts 🐦 Follow on X: https://x.com/BTCSessions 🐦 Follow on X: https://x.com/theBTCmentor ⚡Sovereign Sessions — AI, Privacy, and Bitcoin education: http://youtube.com/@SovereignSessions?sub_confirmation=1 ⚡ POWERED by Abundant Mines: Fully managed Bitcoin mining. Learn more at https://qrco.de/bgYKPB ⚡ Sponsored by BITCOIN WELL: Best Place to BUY & SELL BITCOIN https://qrco.de/bfiDC6 💡BOOK Private Sessions with Nathan, Ben and the BTC Mentor Team: Master self-custody, hardware, multisig, Lightning, privacy, and more. 👉 Visit btcmentor.io #AmericanEmpire #FortressNorthAmerica #FortressAmerica #RulesBasedOrder #BrentJohnson #DollarMilkshake #SantiagoCapital #USDollar #USD #ReserveCurrency #TreasuryMarket #Gold #Bitcoin #DigitalAssets #Stablecoins #Geopolitics #Hegemony #China #MacroEconomics #CapitalFlows #Multipolar #ScottBessent #AINationalSecurity #BTCSessions

  4. 4 sep.

    "We're Past The Point Of No Return" | Luke Gromen and Lyn Alden

    Mentor Sessions 093: Luke Gromen and Lyn Alden explain the 2026 global bond market crisis, private credit risk, yield curve control, and Bitcoin and gold as safe havens. The global bond market is bleeding out in slow motion, and the real danger is buried in private credit that insurance companies can't sell without going insolvent. Luke Gromen and Lyn Alden break down why the long end of the Treasury market is grinding higher, why Scott Bessent intervened before any visible crisis, and what happens when trillion-dollar balance sheets finally hit the sell button. You'll learn why China is the one nation conspicuously absent from the sovereign debt rout, how AI-driven deflation is reshaping Chinese manufacturing, and why Gromen argues the U.S. now faces a "Weimar gold reparations" problem with true interest expense at 105% of receipts. You'll see why both guests believe rate hikes are no longer even a usable tool under fiscal dominance, how a Blackrock "one phone call" scenario could freeze $5 trillion in a crisis, and where Bitcoin and gold fit as bearer assets when markets get locked down. Alden makes the case for holding scarce assets and extra cash through the air pockets; Gromen explains why he trimmed Bitcoin and exactly when he'd aggressively buy it back. ⏱️ Timestamps: 0:00 - Intro 1:12 - Treasury Event or Broader Sovereign Debt Crisis 1:34 - Why China Avoids the Global Bond Rout 2:00 - Hyperscalers Emerge as New Bond Vigilantes 3:41 - Path Leading to Yield Curve Control 4:15 - Why Chinese 10-Year Yields Hit Global Lows 6:00 - AI Driving Deflation in Chinese Manufacturing 10:17 - Orderly Bond Market Grind vs Sensationalized Crash 13:43 - The Dog That Didn't Bark in Bessent's Move 14:38 - Silent Crisis Brewing in Private Credit 15:38 - Insurance Insolvency Risk Triggers Treasury Sales 19:01 - Liquidity Versus Solvency in Private Funds 27:44 - Will Warsh Raise Rates This Cycle 29:43 - True Interest Expense Hits 105% of Receipts 33:43 - Rate Hikes Fail Against Fiscal Dominance 35:50 - Crack Spreads, Diesel and Physical Bottlenecks 37:37 - Wall Street Awakening to Fiscal Dominance 40:12 - BlackRock's $5 Trillion Lockdown Scenario 41:00 - Past the Point of No Return for Markets 45:47 - Non-Linear Reset Versus Slow Economic Spiral 50:19 - Physical Constraints in Beef and Refineries 54:05 - Gormen Adds Back Bitcoin After Selling 57:07 - Lyn Alden on Bitcoin and Gold Outlook 🔗 Links & Resources: Lyn Alden: https://www.lynalden.com/ Luke Gromen: https://fftt-llc.com/ ⚡Previous Episodes: Michael Sullivan: https://youtu.be/wp5IYzcThUo Tom Luongo: https://youtu.be/zkvdfR7LTuU 🔔 Subscribe for weekly Bitcoin Podcasts 🐦 Follow on X: https://x.com/BTCSessions 🐦 Follow on X: https://x.com/theBTCmentor ⚡Sovereign Sessions — AI, Privacy, and Bitcoin education: http://youtube.com/@SovereignSessions?sub_confirmation=1 ⚡ POWERED by Abundant Mines: Fully managed Bitcoin mining. Learn more at https://qrco.de/bgYKPB ⚡ Sponsored by BITCOIN WELL: Best Place to BUY & SELL BITCOIN https://qrco.de/bfiDC6 ⚡ Sponsored by Blockstream Jade: Easy, open-source Bitcoin-only cold storage. Get 10% off with code BTCSESSIONS at store.blockstream.com. 💡BOOK Private Sessions with Nathan, Ben and the BTC Mentor Team: Master self-custody, hardware, multisig, Lightning, privacy, and more. 👉 Visit btcmentor.io #BTCSessions #Bitcoin #BTC #LukeGromen #LynAlden #BondMarket #Treasury #FederalReserve #InterestRates #YieldCurveControl #PrivateCredit #FiscalDominance #SovereignDebt #USDollar #Inflation #Gold #ChinaEconomy #Japan #MacroFinance #MacroEconomics #BitcoinEducation #BitcoinPodcast #BitcoinInterview #GlobalEconomy

  5. 1 sep.

    This Bitcoin Rally Feels Fake (The Data Says Otherwise) | Michael Sullivan

    Mentor Sessions 092: Michael Sullivan explains Bitcoin sentiment analysis, emotional cohort signals, OG optimism, narrative shifts, and why the data may point to a bottom. Bitcoin sentiment just did something it rarely does after a 22% rip: it stayed calm. No euphoria, no desire spike, no retail flooding back — and that gap between the price move and the emotional data is where the real signal lives. Michael Sullivan — an engineer and fiction writer turned Bitcoin sentiment analyst — breaks down how he tracks 14 distinct emotions across cohorts of Bitcoiners, from OGs and technologists to MSTR treasury speculators. You'll learn why he cohorts the crowd instead of scraping social media, why the Fear & Greed Index misses all the nuance, and why he reads OG optimism as one of the most reliable early signals that positive things are on the horizon. You'll see why 'desire' language sits inversely correlated with price, why the near-total absence of a new narrative can be wildly bullish near a bottom, and how the BIP-110 debate produced algorithmic engagement patterns that looked artificially farmed. He also lays out the AI-bubble-to-Bitcoin thesis and why he's personally bearish by instinct but bullish on the data. ⏱️ Timestamps: 0:00 - Intro 0:38 - Why this rally feels like disbelief 1:09 - Massive sentiment phase shift after crash 2:01 - Rally lacks expected euphoria levels 3:05 - Tracking caring language in ColdCard event 3:58 - Technologists impressed most during crisis 5:12 - Studying Saylor's four Bitcoin cohorts 6:33 - MSTR shareholders as conviction outlier 7:18 - OG optimism as reliable bullish signal 7:59 - Are OGs turning optimistic now 9:56 - Emotions linked to time and excitement 11:40 - Downturn negative language uniquely severe 12:40 - Desire language at market tops and bottoms 16:52 - How language analysis became his focus 19:11 - BIP-110 debate through psychology lens 21:09 - Algorithmic engagement that felt farmed 26:55 - AI bots distorting sentiment data 29:47 - Spotting leaders and narrative first movers 32:56 - Narratives shaping markets and price 34:37 - Absence of narrative as bullish signal 36:42 - Does price or emotion move first 40:03 - AI deflation versus Bitcoin scarcity thesis 40:30 - Euphoria missing at prior all-time high 45:17 - Bitcoiners versus treasury company speculators 50:07 - Conviction language versus hedging explained 54:03 - Denoising sarcasm with cohort analysis 59:31 - Signals needed to confirm bearish view 1:00:06 - Data pointing bullish over coming months 1:02:10 - Where to follow Michael's latest work Michael writes deep analysis on Bitcoin sentiment and shares it on X and Substack — links below. 🔗 Links & Resources: https://x.com/SullyMichaelvan ⚡Previous Episode - Tom Luongo: https://youtu.be/zkvdfR7LTuU 🔔 Subscribe for weekly Bitcoin Podcasts 🐦 Follow on X: https://x.com/BTCSessions 🐦 Follow on X: https://x.com/theBTCmentor ⚡Sovereign Sessions — AI, Privacy, and Bitcoin education: http://youtube.com/@SovereignSessions?sub_confirmation=1 💡BOOK Private Sessions with Nathan, Ben and the BTC Mentor Team: Master self-custody, hardware, multisig, Lightning, privacy, and more. 👉 Visit btcmentor.io ⚡ POWERED by Abundant Mines: Fully managed Bitcoin mining. Learn more at https://qrco.de/bgYKPB ⚡ Sponsored by BITCOIN WELL: Best Place to BUY & SELL BITCOIN https://qrco.de/bfiDC6 #Bitcoin #BitcoinSentiment #BTCSessions #BTC #MarketPsychology #MichaelSullivan #DisbeliefRally #BitcoinRally #BitcoinBottom #BitcoinCohorts #BitcoinOG #CryptoPsychology #FearAndGreed #NarrativeShifts #OnChainAnalysis #BitcoinAnalysis #CryptoSentiment #BitcoinTwitter #SelfCustody #BitcoinTreasury #MSTR #StackSats #BIP110 #BitcoinInterview

  6. 1 sep.

    Bessent’s Moves Never Made Sense - Until Now | Tom Luongo

    Mentor Sessions Ep. 091: Tom Luongo explains the 2026 currency war, Scott Bessent's yen bomb, oil collateral, European bond squeeze, and the US Treasury buyback plan. The previously most powerful people in the world are now price takers, not price makers — and Tom Luongo walks through exactly how Scott Bessent flipped that switch. Global markets just witnessed a structural break in the European bond trade, and almost nobody saw the mechanism behind it. In this conversation, Tom Luongo and Nathan break down the currency war unfolding across the FX and bond markets: how Bessent 'bombed the yen' by selling euros instead of dollars, why the euro-yen cross froze the moment Operation Epic Fury began, and how Iranian oil loadings were being used as collateral to fuel the short-yen, short-Treasury trade. You'll learn why the US Treasury buyback expansion is a signal and not QE, how the German Bund fits into Europe's alleged default-and-consolidate endgame, and what John Ratcliffe's open trip to Moscow may be telegraphing. You'll also hear Luongo's falsifiable macro thesis — where the 30-year yield goes next, and what it means for gold, silver and Bitcoin. ⏱️ Timestamps: 0:00 - Intro 0:44 - Bessent's Moves on Yen and Euro 1:27 - Shifting From Kinetic to Economic Siege 3:06 - The Yen Carry Trade That Shouldn't Exist 4:42 - Bessent Blew It Up Selling Euros 8:26 - Euro-Yen Cross Freezes After Iran Strikes 8:49 - Iranian Oil Used as Trade Collateral 11:17 - Traders Trapped After Buying Oil Breakout 12:59 - How Bessent Scans 270 Markets for Signals 18:05 - Treasury Buyback Expansion Details 22:04 - Defending the 5.25 Percent Yield Level 23:31 - Buyback Limit Is Just a Market Signal 27:15 - Europe's Default and ECB Consolidation Plan 28:45 - Financial Warfare and Carney's Trade War 29:40 - Abundant Mines Sponsor 33:20 - Banks Trading With Iran Cut From Dollars 38:01 - US Taxpayers Funding Global Financial Chaos 41:24 - Is the Budget Deficit Really Shrinking 45:17 - China Iran Canada Oil and Banking Links 47:46 - Why Ratcliffe Is Meeting Russia in Moscow 50:54 - BRICS as Hedge Not Dollar Replacement 53:33 - Gold Silver Bitcoin Surge Explained 55:20 - Pushing the Long End of Yields Lower 59:00 - Key Markets to Watch Through Election 1:00:14 - Reading the Charts That Actually Matter 1:01:16 - Luongo's Falsifiable Macro Thesis 1:02:38 - Where to Follow Tom Luongo Tom Luongo publishes his macro analysis and the Gold, Goats 'n Guns newsletter — links below. ⚡Previous Episode - Jeff Booth & Scott Melker: https://youtu.be/J7ze_lMKbZM 🔗 Links & Resources: • Tom Luongo on X: https://x.com/TFL1728 • Gold Goats 'n Guns blog: https://tomluongo.me 🔔 Subscribe for weekly Bitcoin Podcasts 🐦 Follow on X: https://x.com/BTCSessions 🐦 Follow on X: https://x.com/theBTCmentor ⚡Sovereign Sessions — AI, Privacy, and Bitcoin education: http://youtube.com/@SovereignSessions?sub_confirmation=1 💡BOOK Private Sessions with Nathan, Ben and the BTC Mentor Team: Master self-custody, hardware, multisig, Lightning, privacy, and more. 👉 Visit btcmentor.io ⚡ POWERED by Abundant Mines: Fully managed Bitcoin mining. Learn more at https://qrco.de/bgYKPB #Bitcoin #ScottBessent #TomLuongo #Gold #Iran #MarkCarney #BondMarket #USTreasury #YenCarryTrade #CurrencyWar #FinancialWarfare #GlobalMacro #DollarSystem #Geopolitics #BTCSessions #OilCollateral #EuroDefault #GermanBund #KevinWarsh #Silver

  7. 25 aug.

    They Always Planned to Centralize Bitcoin | Jeff Booth & Scott Melker

    Mentor Sessions Ep. 090: Jeff Booth and Scott Melker discuss Bitcoin adoption, ETF co-opting, the AI bubble, self-custody risk after the ColdCard hack, and the debt reset. Wall Street, the ETFs, and the treasury companies are making every attempt to co-opt Bitcoin — and Jeff Booth and Scott Melker explain why that capture attempt may be exactly what Bitcoin needs to survive. The $350 trillion global debt pile is already insolvent, the AI bubble is still inflating, and self-custody just took a brutal reality check after the ColdCard fallout. In this conversation you'll learn why Booth believes the existing system and Bitcoin cannot coexist over the long run, why he feels "incredible" even as price bleeds, and how the messy financialization of Bitcoin through institutions still funnels people toward spot self-custody. You'll hear Melker's honest read on adoption — that when arguments come down to "rolling dice for entropy," we are nowhere near mainstream — and Booth's thesis on why AI CapEx can never be paid back when the marginal cost of a line of code is zero. You'll also get a candid post-mortem on hardware wallet security, why "don't trust, verify" broke down for thousands of users, and what a new generation of self-custody solutions might look like. ⏱️ Timestamps: 0:00 - Intro 0:54 - Scott on adoption and why Bitcoin is strongest yet 3:08 - Did Covid pull forward Bitcoin demand like credit? 5:20 - Jeff Booth's first-principles case: $350T of insolvent debt 7:33 - Why Bitcoin and the centralizing system can't coexist 8:33 - If they can't kill it, they have to co-opt it 9:04 - Where each of us chooses to put our energy 11:44 - Does financialization actually risk decentralization? 12:11 - Scott's 2026 tweet on Bitcoin being co-opted 15:22 - Sticky narratives and gaining exposure to Bitcoin 15:49 - Scott's personal path from altcoins to Bitcoin 17:39 - Jeff on watching thousands make the same transition 18:14 - The rational actor trapped inside the system 22:32 - The abundance of deflation and killing the price story 26:07 - Ad: Abundant Mines 27:03 - What Wall Street friends really think of Bitcoin 28:09 - The ColdCard hack hits the Bloomberg terminal 30:09 - Will people flee to qualified custodians and ETFs? 31:11 - How far along the self-custody journey are we really? 33:05 - Rolling dice for entropy and the honesty test 35:47 - Self-custody as an active, ongoing responsibility 39:10 - How would you tell a beginner to custody Bitcoin in 2026? 40:42 - The brutal and beautiful side of the Bitcoin community 45:35 - Testing your recovery: move it, back it up, verify 47:13 - New private federation and settlement security models 48:41 - Scott's view of the AI markets and the coming bubble pop 51:26 - Jeff on marginal cost of code, why everything goes to free 55:14 - Orange juice, private equity, and moving businesses into Bitcoin 57:22 - Where to follow Scott and Jeff 🔗 Links & Resources: • Follow Scott Melker on X: https://x.com/scottmelker • Follow Jeff Booth: https://jeffbooth.com 🔔 Subscribe for weekly Bitcoin Podcasts 🐦 Follow on X: https://x.com/BTCSessions 🐦 Follow on X: https://x.com/theBTCmentor ⚡Sovereign Sessions — AI, Privacy, and Bitcoin education: http://youtube.com/@SovereignSessions?sub_confirmation=1 💡BOOK Private Sessions with Nathan, Ben and the BTC Mentor Team: Master self-custody, hardware, multisig, Lightning, privacy, and more. 👉 Visit btcmentor.io ⚡ POWERED by Abundant Mines: Fully managed Bitcoin mining. Learn more at https://qrco.de/bgYKPB #Bitcoin #BTC #BTCSessions #JeffBooth #ScottMelker #BitcoinSelfCustody #ColdCardHack #AIBubble #DebtCrisis #BitcoinETF #SoundMoney #FinalReset #BitcoinAdoption #Deflation #HardwareWallet #BitcoinInterview #BitcoinOnly #SelfCustody #BitcoinPrivacy #FreeMarket #BitcoinNodes #MacroBitcoin #BitcoinCooption #DecentralizedMoney #WoldOfAllStreets

  8. 18 aug.

    Coldcard Aftermath: What's Next for Bitcoin Security | Jade, Passport, Trezor, SeedSigner

    Mentor Sessions Ep. 089: Bitcoin hardware wallet makers Zach Herbert, Tomas Susanka and Drew Fischer discuss the Coldcard hack, multi-sig, entropy and self-custody security. The Coldcard hack was the single biggest blow to Bitcoin self-custody yet — so four rival hardware wallet makers sat down together to figure out what it means for everyone holding their own keys. This is the conversation the industry needed. Zach Herbert (Foundation Passport), Tomas Susanka (Trezor), Drew Fischer (Blockstream Jade) and Seed from the SeedSigner team break down the fallout: what the vulnerability actually exposed, why open source alone wasn't the safety net people assumed, and the entropy/dice-roll debate that split the panel. You'll learn why multi-vendor multi-sig is emerging as the strongest defense, how entropy is really generated on these devices, and the honest trade-offs between usability and security. You'll also hear the fresh news on the Trezor fulfillment-partner data leak (disclosed August 10, 2026) and what to do if you're worried about shipping and privacy. This is a rare, candid roundtable where competitors disagree openly — and that dialog is exactly what makes it worth your time. ⏱️ Timestamps: 0:00 - Intro 0:56 - Four wallet makers respond to Coldcard hack 1:58 - Ben's question on self-custody downstream effects 3:02 - Zach on short-term setback and great hardening 6:19 - Tomas on AI helping attackers and defenders 8:44 - Drew on custodians, ETFs and verify don't trust 10:30 - SeedSigner on entropy sources and multi-sig 13:11 - Usability versus security trade-off debate 17:20 - Should self-custody be made harder not easier 18:56 - Dice rolls versus RNG entropy disagreement 22:16 - Zach on how many people actually self-custody 26:14 - Priorities when choosing a hardware wallet 29:01 - Security as a journey not a destination 33:03 - Sponsor: Abundant Mines 36:00 - Why multi-vendor multi-sig should be the goal 41:25 - Source available versus fully open source explained 47:34 - Open source as required but not sufficient 51:11 - How to know if a wallet is actually safe 56:57 - Trezor fulfillment data leak disclosed August 10 1:03:49 - Private device purchases and local meetups 1:06:01 - Where to find each project online 🔗 Links & Resources: → SeedSigner: https://seedsigner.com → Foundation Passport: https://foundation.xyz/ → Trezor: https://trezor.io → Blockstream Jade: https://blockstream.com/jade 🔔 Subscribe for weekly Bitcoin Podcasts 🐦 Follow on X: https://x.com/BTCSessions 🐦 Follow on X: https://x.com/theBTCmentor ⚡Sovereign Sessions — AI, Privacy, and Bitcoin education: http://youtube.com/@SovereignSessions?sub_confirmation=1 💡BOOK Private Sessions with Nathan, Ben and the BTC Mentor Team: Master self-custody, hardware, multisig, Lightning, privacy, and more. 👉 Visit btcmentor.io ⚡ POWERED by Abundant Mines: Fully managed Bitcoin mining. Learn more at https://qrco.de/bgYKPB #Bitcoin #BTC #BTCSessions #BitcoinSelfCustody #ColdCard #ColdcardHack #BitcoinHack #HardwareWallet #MultiSig #SeedSigner #Trezor #Passport #BlockstreamJade #BitcoinSecurity #NotYourKeys #ZachHerbert #TomasSusanka

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Get your dose of Bitcoin with weekly news roundups and "Why Are We Bullish" panel shows featuring Bitcoiners from around the world!

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  • Skapad av
    Ben Perrin
  • Aktiva år
    2020 - 2026
  • Avsnitt
    669
  • Åldersgräns
    Vuxet innehåll
  • Copyright
    © Ben Perrin
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    BTC Sessions

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