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The Bitcoin Standard Podcast

245. Strike with Jack Mallers

By Dr. Saifedean Ammous

Aired Oct 29, 2024 · 1h 34m · Last boosted Nov 2, 2024

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Show Notes

CEO Jack Mallers joins us to discuss his company, Strike, and his bitcoin journey. Enjoyed this episode? Join Saifedean's online learning platform to take part in weekly podcast seminars, access Saifedean’s four online economics courses, and read his writing, including his new book, Principles of Economics! Find out more on Saifedean.com!

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Untitled episode
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If it doesn’t have in app unilateral exit, it’s custodial, period. This is not negotiable. If something is not implemented then it simply doesn’t exist for the average user. 99.99999% of Spark users don’t even know a CLI app exists let alone how to use it. Without local caching and unilateral exit actually implemented in the app and having hard dependency on operator cooperation to exit then it’s custodial. Listen I actually like Spark and think it makes reasonable tradeoffs in a world without covenants, but as it stands it’s a custodial product. Happy to revise this once we see an actual implementation of unilateral exit and more operators and LSPs, but it’s just the honest reality today.
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If it doesn’t have in app unilateral exit, it’s custodial, period. This is not negotiable. If something is not implemented then it simply doesn’t exist for the average user. 99.99999% of Spark users don’t even know a CLI app exists let alone how to use it. Without local caching and unilateral exit actually implemented in the app and having hard dependency on operator cooperation to exit then it’s custodial. Listen I actually like Spark and think it makes reasonable tradeoffs in a world without covenants, but as it stands it’s a custodial product. Happy to revise this once we see an actual implementation of unilateral exit and more operators and LSPs, but it’s just the honest reality today.
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Mid and upper models of Flair Espresso maker are plastic free in the brewing areas and around $400-500. Tradeoff is it’s manual but that is just more proof of work. Pair with a metal hot water kettle and you’re all set.
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Regulation is designed to kill small businesses, protect large businesses, and destroy innovation. This is the direct goal of government bureaucrats.
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Nostr Community

Everyone who has boosted 245. Strike with Jack Mallers on Nostr, ranked by sats sent, all time.

  1. Xantoshi 1.1k sats
  2. B 500 sats
  3. btconboard #LNHANCE or #CTV 500 sats
  4. VampireMJ 100 sats
  5. SovereignArab 100 sats

Episode Boosts

Every boost sent to this episode, as published to Nostr, newest first.

  • 100 via Fountain
    I could listen to @npub1gdu7w6l6w… @npub1dmcd5wqd3… spit knowledge all day, then run through a brick wall. Saif’s a certified black belt in economizing and finding the perfect analogies, and Jack’s latest comments and presentations about the philosophical parallels between Bitcoin, life, time and energy resonate on an almost spiritual level. Thank you for sharing your thoughts gentlemen 🙏
  • 500 via Fountain
    👍
  • 100 via Fountain
    I love this episode. I like point of view on the use of credit cards. 🤔 I agree that VISA/Mastercard aren't FIAT. It's simply a service that uses FIAT measuring stick. #bitcoin