Stephan Livera Podcast

Stephan Livera
  • 4.9 (396)
  • Technology
  • Updated Semiweekly

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. 12h ago

    Bitcoin Custody Rules Have Changed | Michael Tanguma SLP763

    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 2012 05:49 — Self-Custody Rules Changed With Your Life 07:19 — Why Bitcoiners Must Stop the Mattress Myth 09:01 — Bitcoin's Asset Layer Makes It Unstoppable 11:22 — Private Keys Are Like Firearms 15:40 — Custody Losses Keep Bitcoin Speculative 18:56 — AI Just Changed Self-Custody Forever 21:41 — Why Bitcoin Robberies Are Skyrocketing 25:41 — Multi-Institution Custody Kills Pig Butchering 27:57 — Bitcoin at $650K: Security Nightmare? 29:30 — Game Theory Demands Multi-Custody Bitcoin 32:03 — Centralized Custody: The Honeypot Risk 37:56 — Why Custody Fees Should Be Zero 39:51 — Full Bitcoin Custody for $100/Month 42:51 — Would Your Setup Survive 10x Bitcoin? Links: https://x.com/mtanguma https://x.com/OnrampBitcoin Stephan Livera links: Follow me on X: @stephanlivera Subscribe to the podcast Subscribe to Substack #Bitcoin #SelfCustody #Custody #OnrampBitcoin #StephanLivera #StephanLiveraPodcast #BitcoinSecurity #MultiSig

    Bitcoin Custody Rules Have Changed | Michael Tanguma SLP763

  2. 1d ago

    Breez Ships Glow — A Super Simple Bitcoin Wallet | Roy Sheinfeld SLP762

    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. Timestamps 04:21 — Bitcoin Wallet Onboard with One Passkey 08:05 — Stables on Lightning: Overhyped? 09:59 — Swaps Needed Even With Lightning Stables 11:48 — AI Attacks: Cheaper to Attack Than Defend 15:07 — Why Small Teams Get Hacked First 17:15 — Swaps Going Private to Survive? 19:17 — Backends Drive Most Lightning Volume 21:32 — 80/20 Rule: B2B Drives Lightning Volume 25:13 — Making Unilateral Exit Economically Viable 29:48 — Spark Public Mode 31:38 — One Prompt Builds a Bitcoin App 33:13 — Non-Technical Users Now Ship Bitcoin Apps Links:  https://x.com/roy_breez https://x.com/breez_tech https://breez.technology/glow/ Stephan Livera links: Follow me on X: @stephanlivera Subscribe to the podcast Subscribe to Substack

    Breez Ships Glow — A Super Simple Bitcoin Wallet | Roy Sheinfeld SLP762

  3. 6d ago

    Bitcoin Multi Sig vs Secure Single Sig with Nick Neuman | SLP761

    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-Custody 06:14 — Single Sig Is Actually More Complex 08:45 — Multisig Simpler Than Secure Single Sig 15:37 — $1K Single Sig, $10K Multisig? 17:32 — Casa's $250 2-of-3 Multisig Plan 20:01 — Private Clients Get Dedicated Advisors 22:21 — Bitkey vs Casa 27:36 — Going Closed Source Versus AI Attacks 30:23 — AI Code Audits Now Cost $1K 33:04 — Auto-Rejecting Unknown Callers Saves You 34:35 — Guardian Mode Requires Video Verification Links:  https://x.com/Nneuman https://x.com/CasaHODL https://casa.io/ Stephan Livera links: Follow me on X: @stephanlivera Subscribe to the podcast Subscribe to Substack

    Bitcoin Multi Sig vs Secure Single Sig with Nick Neuman | SLP761

  4. Aug 6

    Kruw on Wasabi 2.8 and Upcoming Forks | SLP760

    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 Address 07:25 — Pay Inside CoinJoin Saves 40 Minutes 10:26 — Auto CoinJoin  12:21 — WabiSabi Blocks Whale Sybil Attacks 14:31 — Payjoins 16:37 — ClusterMempool Wins for CoinJoins 20:00 — Upcoming forks 21:14 — CoinJoin: Free Replay Protection Hack 22:53 — CoinJoin Ban Myth Debunked 25:41 — Black Hole: Earn While Mixing Links:  https://x.com/wasabiwallet https://x.com/Kruwed https://wasabiwallet.io/ Stephan Livera links: Follow me on X: @stephanlivera Subscribe to the podcast Subscribe to Substack

    Kruw on Wasabi 2.8 and Upcoming Forks | SLP760

  5. Jul 28

    Bitcoin Security Consortium with Mike Schmidt | SLP759

    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 Pledge 03:10 — The Nine Consortium Members 11:40 — Publishing Quantum Research Publicly 13:39 — Brink Role and Funding Concerns 16:20 — Defining Early Success Metrics 19:00 — Informing the Public on Quantum Progress 21:17 — Institutional Influence and Protocol Concerns 25:13 — Research First on Quantum Signatures 29:25 — Expanding Quantum Expertise 33:14 — Scope Beyond Quantum Security 35:31 — Why Quantum Motivates Corporate Involvement 37:43 — Debates Over Development Funding 40:30 — No Protocol Roadmap From the Consortium 42:57 — Three-Year Goal: Mature Proposals Links:  Press release: https://www.strategy.com/press/leading-financial-institutions-bitcoin-companies-launch-the-bitcoin-security-consortium_07-23-2026 Mike’s thread: https://x.com/bitschmidty/status/2080263159152091455 Consortium X: https://x.com/BTCconsortium  Stephan Livera links: Follow me on X: @stephanlivera Subscribe to the podcast Subscribe to Substack

    Bitcoin Security Consortium with Mike Schmidt | SLP759

  6. Jul 23

    Daniel Buchner: Why BIP 110 Cannot Stop Bitcoin Spam | SLP758

    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 Pasture 03:32 — Core Policy Tweaks Aren't Consensus Rules 08:44 — Spam Hides in Any Public Key or Hash 11:12 — Spammers Adapt in a Day, Consensus Can't 14:59 — BIP110 Debate Exposes Major Inconsistency 20:44 — Why the House Analogy Totally Fails 25:25 — Nodes Get Cheaper Even With Max Spam 28:08 — Set Tolerances Assuming Worst Case 30:35 — No Legal Liability for Bad Chain Data 33:04 — Filter Regime Creates Government Backdoor 35:13 — BIP 110 Risks Centralizing Devs Around Luke 37:33 — Economic Incentives Trump 'Good Guy' Miners 39:03 — Economic Nodes Outweigh Basement Node Runners 43:49 — BIP 110 Has Near-Zero Economic Support 48:43 — Why Game Theory Kills BIP 110 55:52 — BIP 110 Fork Dies With a Whimper Links:  https://x.com/csuwildcat Stephan Livera links: Follow me on X: @stephanlivera Subscribe to the podcast Subscribe to Substack

  7. Jul 22

    Lyn Alden: BIP 110 Could Trigger August Bitcoin Chain Split | SLP757

    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 Spam 04:56 — Bitcoin Faces August Chain Split Risk 12:12 — Bitcoin in Bottom Decile of Cycle 15:37 — Nothing Stops This Fiscal Train 18:04 — Why Volcker Can't Work Today 22:02 — Higher Rates Won't Break the System 24:44 — Net Issuance Matters, Not Gross Refi 27:34 — Fed Balance Sheet Stays Flattish 32:56 — Broad Money Grows Despite Flat Fed 36:05 — US Money Supply Growth Hits 5-8% 38:51 — Fiscal Dominance: Who Wins the Money? 41:50 — Why Semiconductors Print Money 45:13 — Software Stocks: Value Trap or Opportunity? 47:31 — AI Is the New Dot-Com Bubble 52:00 — Orange Juice: Bitcoin-Backed Business Buyer 57:57 — Permanent Capital Vehicle, Not a Fund 59:39 — Founders Keep Equity Upside After Sale Links:   X: https://x.com/LynAldenContact Website: https://www.lynalden.com/0 BIP 110 debate ("motte-and-bailey" critique): https://x.com/LynAldenContact/status/2078599151043162159  Stephan Livera links: Follow me on X: @stephanlivera Subscribe to the podcast Subscribe to Substack

    Lyn Alden: BIP 110 Could Trigger August Bitcoin Chain Split | SLP757

  8. Jul 17

    Bitcoin Desire Hits 8-Year Low | Michael Sullivan SLP756

    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 Bearish 07:05 — Why Individual X Tracking Beats Bots 09:53 — Desire Peaks Flag Bull Market Tops 11:49 — Bitcoin Desire Hits 8-Year Low 16:27 — New Bitcoiners Angriest Right Now 21:00 — Bitcoin Entry Era Shapes Your Views Forever? 22:48 — BIP 110 Backers Show Strikingly Low Conviction 25:33 — Pro-BIP 110 Group Lives in Its Own Bubble 28:39 — BIP110 Brigading Creates Fake Consensus 31:57 — OGs Optimistic, Plebs Stay Angry 37:13 — X Algo Shift Sparks Bitcoin Optimism 39:57 — Why Sentiment Metrics Fail for Trading 41:55 — Boredom and Infighting Signal Bitcoin Bottom Links:  Michael's X: https://x.com/SullyMichaelvan Bitcoin Sentiment Weekly on Substack: https://sentimentsully.substack.com Michael’s novel, Blood of the Bourgeoisie: https://www.amazon.com/Blood-Bourgeoisie-Michael-R-Sullivan-ebook/dp/B0FRZTM49Y Stephan Livera links: Follow me on X: @stephanlivera Subscribe to the podcast Subscribe to Substack

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4.9
out of 5
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About

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.

Information

  • Creator
    Stephan Livera
  • Years Active
    2018 - 2026
  • Episodes
    763
  • Rating
    Explicit
  • Copyright
    © Stephan Livera
  • Show Website
    Stephan Livera Podcast

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