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

    1h ago

    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

    1h 7m
  2. Silent Payments as the next step forward | SLP748

    2d ago

    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

    1h 17m
  3. RailsX: Yield for LPs & Seamless BTC-Stable Swaps | SLP747

    3d ago

    RailsX: Yield for LPs & Seamless BTC-Stable Swaps | SLP747

    In this episode, Jesse Schrader (Jestopher), CEO of Amboss, joins us to break down RailsX — their new Lightning-native DEX. We discuss: 🔸How traders and liquidity providers use RailsX 🔸The costs and benefits for both sides 🔸Current Lightning routing volumes and growth trends 🔸The state of Lightning yield and how it compares to other players 🔸The recent BitGo Lightning Earn partnership 🔸A quick update on Magma 🔸A high-signal look at where Lightning yield, stablecoins, and institutional adoption are heading. Timestamps: 00:00 - What is RailsX? Taproot Assets on your LN node 01:09 - The trader end user POV 02:45 - USDT by @speed_LN 03:50 - What are the trading fees? Trade sizes? 06:20 - Liquidity provider POV 08:00 - DIY or managed service? 09:20 - How much yield do liquidity providers get? 10:37 - BitGo Lightning Earn partnership 11:23 - The state of Lightning yield today and lightning activity 12:37 - Update on Amboss Magma - Liquidity Leasing 15:10 - Lightning Volume is Growing Even in a Bear Market Links:  https://amboss.space/ https://amboss.tech/rails https://amboss.tech/magma https://x.com/Jestopher_BTC Stephan Livera links: Follow me on X: @stephanlivera Subscribe to the podcast Subscribe to Substack

    17 min
  4. The Fight to Protect Bitcoin Self-Custody in South Africa with Ricki Allardice | SLP746

    4d ago

    The Fight to Protect Bitcoin Self-Custody in South Africa with Ricki Allardice | SLP746

    In this urgent 15-minute conversation, Stephan speaks with Ricki Allardice, one of the leaders of the Property Rights Defense Group, about South Africa’s Draft Capital Flow Management Regulations 2026 — the most serious threat to Bitcoin self-custody the country has seen. Ricki breaks down exactly what the draft rules would do to private keys, self-custody, and everyday Bitcoiners, where the process stands right now, and what the community can still do before the 30 June 2026 public comment deadline. Timestamps: (00:00) - Overview of the Regulation Against Self Custody (04:07) - Public Consultation Process  (05:49) - Can it be challenged? (07:20) - It’s About Capital Controls (08:02) - AML, Sanctions, FATF  (10:46) - What does it mean for Bitcoiners in South Africa? (12:22) - Safety or Security concern here? (14:22) - Call to Action and Support for Legal Defense Links:  Site: propertyrightsdefense.org X: https://x.com/PRDG_ZA  Donate: https://btcpay386617.lndyn.com/apps/4TcSxV6dNFYzb1DBDthPL89Tjz72/crowdfund?ref=propertyrightsdefense.org  Stephan Livera links: Follow me on X: @stephanlivera Subscribe to the podcast Subscribe to Substack

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

    5d ago

    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
  6. Bitcoin Passports: How to Rank Countries for Bitcoiners | SLP744

    6d ago

    Bitcoin Passports: How to Rank Countries for Bitcoiners | SLP744

    In this episode, we sit down with Adam Juchniewicz of Bitcoin Passport Index and Bitcitizen to discuss Bitcoin sovereignty, jurisdictional arbitrage, and how Bitcoiners should think about second passports and residencies. We dive into the Bitcoin Passport Index, why Bitcoin-friendly tax and legal treatment matters more than most people realize, and how the landscape for citizenship and residency programs is rapidly changing. Adam also breaks down his fast-track Vanuatu citizenship program and his full-service approach to helping Bitcoiners build a proper sovereign stack — from companies to passports to, in some cases, full exits. Timestamps: (00:00) - Bitcoin Passport Index (03:21) - How do you balance mobility against Bitcoin sovereignty? (05:45) - How will CARF and global reporting change the game? (08:41) - Vanuatu CBI program (11:17) - Vanuatu compared with cheaper options like Sao Tome and Principe? (13:27) - “citizen, not tourist” approach (14:55) - Final advice for Bitcoiners Links: Bitcoin Passport Index: https://bpi.21cbi.io Bitcitizen: https://www.bitcitizen.io Vanuatu Citizenship Program: https://cbi.vu Stephan Livera links: Follow me on X: @stephanlivera Subscribe to the podcast Subscribe to Substack

    17 min
  7. Bark Goes Mainnet with Steven Roose | SLPfast 743

    Jun 20

    Bark Goes Mainnet with Steven Roose | SLPfast 743

    Steven Roose (CEO of Second) rejoins me to explain Bark going live on Bitcoin’s main net.  Timestamps: (00:00) - Bark mainnet launched on June 9th (02:01) - Bark and Lightning onboarding (03:30) - Ark compared to Lightning — replacement or teammate? (04:15) - User experience with Bark (05:54) - Developer experience with Bark SDK (08:04) - Barkd for merchants and services (08:56) - Dev tooling and VTXO Inspector (10:40) - What's the current status of adoption and what's coming next? Fees?  (13:25) - Tx type overview Links: https://second.tech/ https://x.com/stevenroose3  https://x.com/secondhq Stephan Livera links: Follow me on X: @stephanlivera Subscribe to the podcast Subscribe to Substack

    16 min
  8. The Evolution of Bitcoin Mining with NG Zhang SLP742

    Jun 17

    The Evolution of Bitcoin Mining with NG Zhang SLP742

    In this episode, NG Zhang, founder and CEO of Canaan Inc., shares his journey in Bitcoin mining technology, from early ASIC development to modern innovations like heat reuse and energy integration. We talk about the evolution of mining hardware, industry trends, and future prospects. Timestamps: (00:00) –  Intro and Early Days of Bitcoin Mining (03:40) –  From FPGA to ASIC Technology (06:22) –  The Avalon A16 Series (09:07) –  Reliability and Durability of Mining Machines (12:15) –  Failure Rates and Useful Life (14:40) - Primary Market and Secondary Market for Mining (16:40) –  Small Scale vs. Large Scale Mining (22:00) - What % is home mining today? (23:00) - Heat Recovery (29:00) - Different methods of cooling in Bitcoin Mining (31:40) - Mining machine form factor (32:40) - Stratum V2 Support? (37:35) - Market Dynamics: Public vs. Private Miners (39:50) –  Energy Grid Integration and Bitcoin Mining (44:25) - Efficiency gains are slowing down in bitcoin mining Links:  https://www.canaan.io/ Stephan Livera links: Follow me on X: @stephanlivera Subscribe to the podcast Subscribe to Substack

    49 min
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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
    749
  • Rating
    Explicit
  • Copyright
    © Stephan Livera
  • Show Website
    Stephan Livera Podcast

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