583 episodes

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.

Stephan Livera Podcast Stephan Livera

    • Technology
    • 4.9 • 390 Ratings

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.

    Bitcoin Ossification Debate with Vijay Boyapati and Reardencode SLP583

    Bitcoin Ossification Debate with Vijay Boyapati and Reardencode SLP583

    The bitcoin ‘ossification’ debate continues with a discussion on the key considerations. What makes Bitcoin special? What improvements are necessary to retain sufficient decentralisation, if any? 

    Vijay Boyapati and Brandon Black (aka reardencode) rejoin me for a special episode to discuss: 


    What makes Bitcoin special? 


    Defining ‘ossification’


    How many users is ‘enough’? 


    Unknown unknowns


    Addressing centralising MEV concerns


    Soft forks and hard forks


    Economic nodes and who holds the power


    Where to from here



    Timestamps:

    (00:00) - Intro

    (01:54) - What makes Bitcoin Special? ft. Vijay

    (09:37) - Verifiability & decentralisation of Bitcoin ft. Brandon

    (14:31) - When do we stop ‘changing’ bitcoin?

    (15:17) - Revisiting the blocksize wars & importance of self sovereignty

    (20:45) - Libertarian principles of Bitcoin

    (23:48) - ‘Sufficiently decentralised’ Bitcoin

    (26:42) - Defining ‘Ossification’ of Bitcoin

    (30:56) - Sponsors

    (34:11) - Economic interests in upgrading Bitcoin nodes

    (43:40) - Bitcoin is a Trojan horse

    (47:15) - Can we rule out ‘Unknown unknowns'?

    (50:49) - Concerns over centralising MEV

    (1:00:17) - Whose chain is it anyway?

    (1:05:14) - Resisting soft forks and hard forks

    (1:16:49) - Closing Thoughts

    Links:


    X: @real_vijay


    Bullish Case for Bitcoin: Swan.com/bullish


    X: @reardencode



    Prior episodes:


    Rusty - Great Script Restoration


    Brandon Black - Are Covenants necessary for Bitcoin


    TXHASH Steven Roose


    Matt Corallo and Steve Lee Great Consensus Cleanup



    Sponsors:


    Swan.com (code LIVERA)


    CoinKite.com (code LIVERA)


    Mempool.space



    Stephan Livera links:


    Follow me on X: @stephanlivera


    Subscribe to the podcast


    Subscribe to Substack

    • 1 hr 22 min
    NVK on Bitcoin Ossification and Changes SLP582

    NVK on Bitcoin Ossification and Changes SLP582

    NVK of Coinkite rejoins me to talk about attitudes on Bitcoin development and consensus changes. We discuss how “ossification” is commonly thrown around as a term, but maybe there is a better term. “Extreme conservatism”? We talk:


    What is ossification? 


    What about bug fixes? 


    What changes would NVK be interested in? 


    How many people will use Bitcoin? 


    What the market is focused on


    It’s not your chain



    Links:


    X: @nvk


    Bitcoinsecurity.guide


    coinkite.com


    Unleashed.chat 



    Timestamps:

    (00:00) - Intro 

    (00:52) - Ossification and gardening 

    (06:06) - Where are the ossifiers? 

    (09:03) - Fixing bugs on the Bitcoin protocol 

    (17:13) - Assessing BIPs & change proposals

    (23:53) - NVK on Bitcoin as SOV and/or MOE

    (31:47) - Sponsors

    (34:58) - “USD is the best shitcoin”

    (37:32) - The fate of other blockchains

    (45:41) - Putting Bitcoin on a pedestal?

    (49:32) - Gresham’s Law in context of Bitcoin

    (51:34) - Future path for Bitcoin

    (57:27) - Outro

    Sponsors:


    Swan.com (code LIVERA)


    CoinKite.com (code LIVERA)


    Mempool.space



    Stephan Livera links:


    Follow me on X: @stephanlivera


    Subscribe to the podcast


    Subscribe to Substack

    • 58 min
    Bitcoin Seoul 2024 Interviews with Saifedean, Jimmy Song, Laolu, Obi, glozow and Calvin SLP581

    Bitcoin Seoul 2024 Interviews with Saifedean, Jimmy Song, Laolu, Obi, glozow and Calvin SLP581

    I recently spoke at Bitcoin Seoul 2024 and here are some interviews with some of the speakers:


    Calvin Kim on utreexo


    Gloria Zhao on Bitcoin Core and mempool


    Laolu on Taproot Assets and covenants


    Saifedean on Central Banking and tax cattle


    Obi Nwosu on Fedi


    Jimmy Song on Bitcoin in Korea



    Timestamps:

    (00:00) - Calvin Kim on importance of Bitcoin conferences

    (01:51) - Simplifying Utreexo

    (03:31) - What is Utreexod?

    (04:51) - Will node providers support Utreexo?

    (06:38) - Gloria Zhao on BIP431 (Truc)

    (08:15) - Implications of Truc

    (12:26) - What is mempool cluster?

    (14:08) - P2P encryption on Bitcoin core V27.0

    (15:22) - Upcoming developments on Bitcoin core

    (18:04) - Sponsors(20:13) - Laolu (Roasbeef) on Taproot assets

    (25:29) - LSP Challenges on issuing stablecoins

    (28:21) - Views on covenants

    (31:51) - Ensuring protocol safety while enabling Opcodes

    (34:33) - Saifedean’s views on Bitcoin Seoul 2024

    (34:44) - Central Bank behaving like a private organisation

    (40:21) - ‘The Keynesian Voodoo’ 

    (46:35) - All roads lead to Bitcoin

    (48:26) - Sponsors

    (50:45) - Latest developments at Fedi with Obi Nwosu

    (52:23) - Role of the Fedimint Guardians

    (54:40) - Fees on Fedi

    (56:18) - Fedi’s Social backup and recovery model

    (58:26) - Risks of getting rugged

    (1:01:23) - Fedi is trust-reduced

    (1:03:11) - Jimmy Song’s views on Bitcoin Seoul 2024

    (1:04:18) - Views on Bitcoin’s Technical developments

    (1:05:46) - Savings culture among Koreans & role of Bitcoin

    (1:09:16) - Outro

    Links:


    X: x.com/saifedean


    Saifedean episode: https://saifedean.com/podcast/222-central-banking-works


    X: x.com/glozow


    Bitcoin review club:  https://bitcoincore.reviews/


    BIP 431: https://github.com/bitcoin/bips/blob/master/bip-0431.mediawiki


    X: x.com/obi 


    Fedi: https://www.fedi.xyz/


    X: x.com/roasbeef


    Lightning Labs: https://lightning.engineering/


    X: https://x.com/kcalvinalvinn


    Utreexod beta release: https://groups.google.com/g/bitcoindev/c/5GyV9af9lv4?pli=1 


    X: x.com/jimmysong



    Sponsors:


    Swan.com (code LIVERA)
    CoinKite.com (code LIVERA)
    Mempool.space
    Nomadcapitalist.com/apply

    Stephan Livera links:


    Follow me on X: @stephanlivera
    Subscribe to the podcast
    Subscribe to Substack

    • 1 hr 9 min
    Bitcoin and MEV with Walt Smith SLP580

    Bitcoin and MEV with Walt Smith SLP580

    Walt Smith of cyber.fund joins me to discuss thoughts on MEV and where it may be going on Bitcoin. 

    We discuss:


    Defining MEV


    10 minute block time?


    Does it centralise Bitcoin?


    Suffering from success


    The approach on shitcoins and spam



    Timestamps:

    (00:00) - Intro 

    (02:02) - Defining MEV

    (06:02) - Replace-by-fee (RBF)

    (11:01) - Concern regarding miner centralisation 

    (18:56) - Growth of private mempool flow & MEV potential?

    (24:55) - Are mining pools transparent with fee payouts?

    (27:01) - Expressivity on Bitcoin 

    (31:21) - Sponsors

    (35:24) - Does the 10 minute block time mitigate MEV?

    (40:27) - Is Bitcoin more than ‘money’?

    (46:05) - Fake L2's on Bitcoin

    (51:24) - Does MEV lead to miner centralisation? 

    (56:15) - Closing thoughts on MEV

    Links:


    X: @waltjsmith


    X: @cyberFund_


    Site: cyber.fund


    Article: The Spectre of MEV on Bitcoin



    Sponsors:


    Swan.com (code LIVERA)


    CoinKite.com (code LIVERA)


    Mempool.space



    Stephan Livera links:


    Follow me on X: @stephanlivera


    Subscribe to the podcast


    Subscribe to Substack

    • 57 min
    Silent Payments: A Bitcoin username? With Josibake and Ruben Somsen SLP579

    Silent Payments: A Bitcoin username? With Josibake and Ruben Somsen SLP579

    Silent Payments is a new approach to improving privacy and useability of Bitcoin. Imagine not needing to manually create new addresses? Josibake and Ruben Somsen join me to discuss some of the ins and outs of Silent Payments. We discuss:


    Silent Payments overview


    Contrast with other techniques such as BIP47 


    Light client support


    Stopping address re use


    Base layer privacy discussion



    Links:


    X: @josibake


    X: @SomsenRuben


    BIP: Silent Payments


    Tracking progress in Bitcoin Core/libsecp256k1


    Informational website from sethforprivacy : Privacy-preserving static addresses for Bitcoin



    Sponsors:


    Swan.com (code LIVERA)


    CoinKite.com (code LIVERA)


    Mempool.space



    Stephan Livera links:


    Follow me on X: @stephanlivera


    Subscribe to the podcast


    Subscribe to Substack





    Timestamps:

    (00:00) - Intro

    (01:01) - Overview of Silent Payments (SP)

    (03:15) - History of the SP idea & contrast with other methods

    Add more

    (14:36) - Current status of SP development & adoption

    (17:49) - Testing light clients for SP

    (21:50) - The Silent Payment Experience

    (26:31) - Light client support

    (31:20) - What is a light client?

    (38:05) - Sponsors

    (41:16) - Spend Key & Scan Key 

    (42:37) - XPUB vs. Silent Payments

    (44:42) - Reducing address re-use with SP

    (49:29) - Labeling with Silent Payments

    (53:14) - Ease of use and compatibility with Lightning 

    (57:03) - Overcoming the ‘silver bullet’ mindset

    (01:10:50) - Composability with Silent Payments

    (01:12:46) - Silent Payments summary

    (01:14:06) - Closing Thoughts

    • 1 hr 17 min
    Bitaxe: The Open Source Bitcoin Miner with Skot - SLP578

    Bitaxe: The Open Source Bitcoin Miner with Skot - SLP578

    Skot joins me to talk about his project to bring affordable, energy efficient, open source mining to home miners. We discuss:


    The current state of open source in bitcoin mining


    Bitaxe overview


    Why do people do this?


    Price and how to set one up


    Mining pools


    Decentralisation



    Links:


    X: @skot9000


    Site: Bitaxe.org



    Sponsors:


    Swan.com (code LIVERA)


    CoinKite.com (code LIVERA)


    Mempool.space


    Nomadcapitalist.com/apply



    Stephan Livera links:


    Follow me on X: @stephanlivera


    Subscribe to the podcast


    Subscribe to Substack

    • 1 hr 5 min

Customer Reviews

4.9 out of 5
390 Ratings

390 Ratings

SwaggyP76 ,

The Pinnacle

I listen to about 6-10 BTC pods on the regular, and this one is a top 2 for me. Very well done, Sir.

Dutchladle ,

Podcast Pro

Stephan Livera views Bitcoin holistically, thereby offering a nice variety of podcasts between economics, technology, politics and sociology. He provides expert clarification and summaries of his guests’ main points. He esteems and respects his guests whether or not he agrees with them. Stefan is a real podcast pro.

Steve_Steve_Steve ,

Stay Humble…

Great Bitcoiner. Great podcast.

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