605: Goodbye World

I love the idea of audits like this. Great idea

Clip 5. Meant self custody, not self sovereignty

Clip 5. Eh, not really important to me. I don't coinbase or care much about clarity act. Self sovereignty over here

Clip 4. Cut, not helpful to the topic or discussion

Clip 3. Helpful to see where he is coming from and the lense he sees through. I would have liked it to be included since I don't know his background at all

Clip 2 misses out on the whole point of why bitcoin is a good investment, being scarcity. Mathematics proves only 21million. CUT

Clip 1,agreed on cutting

Update on knots VS core nodes Knots takes up 50G more space. Not sure why...

So… whatcha think about BULL Wallet? https://primal.net/e/nevent1qqszsg50jrj0g9hluzryh0r0328j2wk…

Have you gotten the bonus stuff for TWIB working with Jupiter Party? If not, is that still in the works?

A Command and Control economy? Is he saying China’s economy is a botnet? 😂

Can you break down “leverage” for a n00b please?

Back from a road trip hiatus it’s a fully loaded episode. I think I make the meta case in this episode why NOT owning bitcoin is the biggest risk. Enjoy! 🍻

Happy episode 100! I hope the show keeps being worth you making it, because I sure appreciate listening to it. Banger of an episode 99 too 👍

Episode 100 idea: Bitcoin Dad's guest appearance (if he is up for it of course)

+1 to expanding the updates section discussing the implications of changes Also +1 to what bitcoin.conf settings you run and why

Thank you for this episode

TWiB 99 is out! Key Topics: Weaponization of the Dollar Energy and Bitcoin The state of the Dollar Bitcoin and Global Conflicts Enjoy 🍻

This seems a very accurate description of btc to me, and also one which depends on two things: btc being hard money, and btc being usable as money for trade.

Trying to keep it short: Money used for Money-Commodity-Money trades is capital. This is how an industrialist uses money. Contrast this to the Commodity-Money-Commodity use of money by say a poor farmer.

It's interesting that you ask if Saylor is downplaying btc as an asset, when the clip you played has him describing it as capital. In classical political economy, capital is a specific role played by hard money.

I've wanted to boost more often but money has been tight. However I recently switched jobs and will most likely more than double my income and a lot of that is due to Linux and self hosted knowledge that I grew over the past years for work and while listening to your shows. This podcast has also made we push harder into holding bitcoin than ever before. So a big thank you for everything!

TWiB 100 is out, and it’s a big one! Come for the macro, and stay for the FUD busting at the end! Enjoy 🍻

Hell no to a CDBC

Unchained Capital has a Bitcoin IRA that uses a multisig setup that’s compatible with the Trezor One… it’s a nice option for rolling over a 401k from a previous employer… just sayin’

HODL’ing ‘til the the cows come home… I’m in no hurry since I wasn’t expecting any real upside until 4 or 5 years in anyhow. I only started dipping my toes in beyond lightning in March 2024 but learned that HODL’ing is the way.

Any western nation talking about the the downside of not being able to feed itself needs to shut up and read “Hidden Repression: How the IMF and World Bank Sell Exploitation as Development”

Sometimes you gotta take your medicine. Everyone keeps saying we’re living through the moment Bitcoin was built for. This week I get into why I think that’s just a bunch of crying in the streets.

Boosting the song on TWIB from Fountain using a self hosted Alby wallet.

Here’s a 🥾 boost for ya 😜

Oooooo please do talk more about this hosted miner stuff

Regarding the dual mandate, I think Matthew nailed it: “No one can serve two masters. Either you will hate the one and love the other, or you will be devoted to the one and despise the other.”

Here we go! We knew it was coming, the next phase of fiscal dominance dropped this week . I break down the fed news and how it might shape how people view bitcoin. Enjoy! 🍻

Chris, can you do an section on your core config options and rationale behind them?

In regards to entropy and offline generation, I think people are missing the point. You want more entropy data points and to get such things, most operating systems get that from network, disk, memory, all kinds of different things that are changing. If you have a tails system that's completely air-gapped, you're not going to have all the network data points that you can pull from to add to the entropy pool. To get the most randomness, you want a very high entropy pool and the Linux entropy pool is taking all sorts of different inputs, so the more inputs you can add, the higher your entropy, the better your random number generator is. So when I generated more dice rolls, I was using my main online system with browser open as much entropy as you can possibly get based off of network activity, and all that. Yes, sure, if somebody pwned that computer already, they could see the numbers that were generated, but that still is much higher entropy than if you have an offline system that you just booted up and you're already generating numbers off of.

Community Mining pool update. The upstream project P2PoolV2 is still working on mining share payouts. The software is not yet a minimum product. At the same time, I have been working in a NixOS flake to run the project as a service module.

From DOGE to Bessent breaking out the checkbook and buying his own supply. I’ll explain why Treasury is buying back its own bonds, and why Bitcoin is ripping on the news. Plus some Bitcoin Core32 news, wallet security updates, and more. Fountain: https://fountain.fm/episode/mINbvSG83CfjIsCCRoAE YouTube: https://youtu.be/eF5VA-ogQMo

Huge update on JB mining pool coming soon. Chris, please contact me to discuss some details

Thanks for the boost question in the show notes, great addition to the notes

I am an IT sysadmin that also enjoys coding. LLMs have changed by job a little bit in that I don't have to spend as much time sorting through search results to find solutions to my problems. I'm able to find things sooner and have answers that are more catered to the problem that I am having. For coding, I enjoy doing it and I don't have a pressure to release anything faster than normal so agentic coding hasn't really been a huge part of it yet. If there was a pressure to ship mostly functional programs sooner, I might be using it more but at the moment it is just a fabulous search tool

Hey a new TWiB! Everyone’s crying about price suppression, so I had to give my take. What’s real, and what’s just cope. And all the other big news of the week. Enjoy! 🍻

No video for me. I prefer audio because it allows me to think critically about what is being said. Video requires more sensory input which takes note brain power. Plus I listen in during the commute the most anyway so video is not feasible anyway

I've been enjoying the balance of the show recently, keep up the good work!

We can’t have you being under compensated for TWIB… surely, of all people, the listeners of a #bitcoin #podcast can figure out how to use the #lightning network to show their appreciation for what you do. If anyone wants help figuring this out, hit me up: - Mastodon: @[email protected] - Nostr: npub1mwsk3ly4lk7efdqqjm62dkc699kqapwyyvdley3xljjm0lxruh9qzvu46p

Fresh TWiB! Packed with the macro news that impacts Bitcoin, and more!

Chris, I think you probably would end up spending more BTC if there weren't taxes on it either since all these boosts are essentially a locked up cash flow for you. You'd be able to dip into the boost income and pay the monthly bills with less cost

Edit last boost I WOULD NOT have to do all these calculations

I would spend more sats if there wasn't a capital gains tax on every single transaction. My self hosted lightning would then just become my checking account and I would have to do all these calculations on how much fiat I need to save to pay the bills and put the rest into BTC cold storage. Could take my whole pay in BTC

A fresh TWiB is out: https://fountain.fm/episode/PqxZpjyPpvk6a5R8qRxl Now with video, which can be helpful for some of the clips! (And on YouTube: https://youtu.be/yzZBNvBxkSI) Key Topics: Inflation and purchasing power erosion Global energy crisis and market disconnects Central bank monetary policy and interest rates Fiscal dominance and government intervention in tech/AI AI's potential market disruption long-term Diverging retail vs. institutional sentiment in Bitcoin Bitcoin's value proposition as a hedge against debasement Efforts for US Bitcoin tax reform Zcash's critical bug and centralization risks Sam Bankman-Fried's pardon appeal Enjoy 🍻

Curiosity question: what is the software stack of your Callisto node?

So glad you decided to do the show today! I always want to hear your take, even when it’s all macro news

I’d absolutely attend a #bitcoin event, especially one hosted by you @ChrisLAS

Fresh TWiB! Everyone seems convinced bitcoin is going into a bear market until October. Why? Do I agree? Tune in to find out.

Just food for thought. I do wonder what the eventual effects might be for bitcoin, hopefully positive!

Welcome back for the new year! Whilst I prefer the shows not focused on US-internal politics, I know there'll be some of that, it's only natural for a US based show. If we're talking about the US Fed, though ... what do you think about the NY Fed holding 7000 tonnes of gold on behalf of foreign governments ? After invading Venezuela, the US might be able to steal its bitcoin reserves, or maybe not. The gold in NY is much easier to steal. If I wanted a sovereign reserve, I know where I'd look!

Love the track! Nice pick, Chris. Filoxera: love it

I watched the FOMC meeting so you don’t have to. And it’s rate cuts, but with a gotcha. Plus the two companies working on a Bitcoin line of credit and why I think they sound terrific, and a lot more!

I don't see any reason why btc couldn't stay under the cost of mining a coin for quite a while. The miners with reserves would keep going, and the small ones wouldn't make it. But my prediction is that it doesn't stay below $60k for long, exactly because this idea is widespread and people will start buying again if it does

🤔💭I wonder if Wes could update y’all’s boost tooling to resolve Nostr addresses as I tend to boost this show from Fountain simply because it also posts to Nostr. I wonder if the the tooling could also use info Fountain includes in boosts to make that easier. That would help with truncated boosts from here too since Nostr notes can be way longer than boosts natively support.

From what I’ve learned thus far, it feels to me like there are other things at play that generally line up on 4 year intervals rather than #bitcoin itself having a 4 year cycle. Primarily, I think what you’ve laid out previously about the liquidity market being the driver is key.

Fresh one for ya! The knives are out this week, the new quantum super team, and some spicy clips. Enjoy! 🍻

Boosting again just because I keep thinking about the stuff in this episode

Last week I boosted and relied on you seeing the rendered version of my npub like is shown on Fountain & Primal, but that isn’t how things work. After reading you suggested making my own site pouted at my Nostr profile… so I did 😁 I setup https://genebean.me with all my links and setup https://genebean.me/nostr as a shortcut.

Such a good show!

Fresh TWiB! Last week, I asked if the US government shutdown was impacting Bitcoin. Boy did I get my answer! Also thought on BIP-444, the supposed whale selling, and more. Enjoy! 🍻

I'm also rethinking my cold storage situation. I wrote a little rust program to roll a virtual dice using the rand crate, then used that running on my desktop which at that time had been online and doing a bunch of things in the background for a while to get some random dice rolls. Going to check out Bitkey and also maybe an ESP32 based seedsigner

Regarding fed reserve... All our govt does is jibber jabber unless it affects their own wealth or life or agenda. They don't care about the middle class and as long as there isn't a revolution, which they're confident there won't be, they can continue just jibber jabbering

A new TWiB is out. I guess I’m at the anger phase over this Coldcard situation. But there’s a lot of other important stuff in this episode too. Enjoy! 🍻

I've taken the plunge into nixos. I set up a full lightning stack on nix-bitcoin and a side effect of that was to install nixos on my main server at home. Chris, I blame you

Thank you for this episode!!!

A new TWiB is out! Key Topics: US National Debt Rising Fuel Prices Bitcoin Market Demand Fannie Mae Crypto-backed Mortgages David Sachs' Role as Crypto Czar Quantum Computing Threat to Bitcoin Bitcoin Core 31 Updates Lightning Network Adoption

Another question: as a member who also boosts, do you prefer having income from memberful or as boosts? Say for example I wanted to increase my financial contribution to JB. Is the membership or boosts more effective/easier for you guys to take in?

Show production question for ya: What part of Jb's operations takes the most of your time? What takes the most energy? What is the highest cost? As a member, I want to help offset that some, especially if it is something that I could either help support with time or by helping automate or maintaining some of the infrastructure, etc

Fidgets are a big part of my life, mostly because when you have a 3d printer, you can make your own. I've made probably around 20 infinity cubes for people and then 2 for myself, 1 for work and 1 for home. Look up fidget on printables.com or thingiverse

Come on Adam, leave your hatred of liberals, and politics in general, to other shows. This is a podcast boardroom, not a political podcast.

Imho we have let the crypto skeptics get inside our heads. I think as a community we should lean into the fact that boost are powered by bitcoin. As a small business, I’m grateful to have support in a hard asset. It’s helped me fight inflation and keep my head above water. Bitcoin is an intelligence test, and I don’t need everyone in the world listening. I want a great audience, not the biggest audience possible. These are things we should lean into as a podcasting community trying to offer an alternative to mainstream crap. Go Podcasting!

Just wanted to say I really appreciate the work you guys do behind the scenes for the us Podcasters out here! Also +1 to the idea of putting an on-chain Address in the funding tag. I’ve definitely heard from a few listeners that would support via onchain, because that’s where they already have their stats.

For those asking: Mining pool update I have a proof of concept set up. However it is based on the project called P2PoolV2. The payout system doesn't work yet so there's no point for me to share the link and for us to burn energy without a reward. The pool by default uses PPLNS shares but there are other payout methods being implemented. I will update again when there is a minimum viable product of P2PoolV2 available

Just read “Tether Was Born On Bitcoin. Twelve Years Later, Is It Coming Back?” and it sounds like some important things regarding lightning are happening, particularly related to the first two of three companies mentioned in it. https://www.forbes.com/sites/boazsobrado/2026/03/31/tether-…

New TWiB is out: A break from format to talk about managing a Bitcoin and Lightning note in 2026, and what’s changed. I’m joined by some very special guests too, enjoy! 🍻

Love the Cheep Cheep music in the background just after the boosts 😁Keep up the good work!

What website do you use to see nodes statistics?

Fresh TWiB: Why I think a rate cut was a lock and it’s not because of the jobs revision. That’s a smoke screen. Also, why this cut Isn’t a ripper for the price, yet.

I think the four year cycle still exists because our political system in the United States is also a four year cycle to an extent. We get at least lately a different president every four years and it just goes back and forth between the two major parties and the four-year cycle is indicative of market during those policy changes that the different parties make and their ethos of how to run the country

Would the bip110 situation be somewhat solved by having additional node implementations?

Fresh TWiB is out! Don’t miss this one, enjoy! 🍻

+1 to NixOS node. I don't feel like I ever have to worry about doing updates on my server anymore

I'll take some Saylor sats... Yes Strategy selling is good, along with all the other whales because that means more and cheaper sats for me!!!

A fresh TWiB is OUT. King Dollar is back, the debasement trade is supposedly dead, and Bitcoin is left testing the one question that matters: what happens when Saylor stops buying? Foutain: https://fountain.fm/studio/40huHEEF6JMPGYctMuUI/nfKPiMVds7O… YouTube: https://youtu.be/bHcefWnhxzM Enjoy 🍻

Thanks for the good coverage of what's going on in btc core. This is the sort of episode I appreciate with the show

Getting reports of boosts failing from Fountain.fm, so test boooost/zaaap!

Fresh episode! This one is mostly my take on the Bitcoin Core drama/arbitrary data storage battle that really heated up this week.

When I heard about the fold card from you, I immediately went to set it up. Been paying bills and my mortgage with it. So far, so good!

Nice song!

Are you staying on Knots or Core? If Core 30, are you making any changes to the default configuration?

Re: Would I spend my sats at a store with Square that’s offering the option of paying in BTC? Absolutely, but I’d do it via the cash side of the Strike app where I pay the invoice straight from my checking account. I’d do it every time simply to help normalize paying that way.

Fresh TWiB! My updated thoughts on BIP-444, the storm brewing for Bitcoiners, some good news, and much more! Enjoy 🍻

Wanna change perception of Linux? Get younger people, or influencers of younger people, to talk openly about non-niche topics and how they personally **prefer** using Linux to do them.

As of September 24, there’s an open PR for nextcloud30 … I’m just itching for some of the new features.

We’ve been using a Zero Water pitcher for a long time and am really happy with it Chris.

This was a great episode. I know you were going to try changing the format. I'm excited to see what way that goes. Just wanted to give you some signal on the current format as I get lots of value in each episode. When you choose what to cut, please don't cut the state of the network section. I like hearing that each week

New TWiB is out! Wait until you get to the military spending section. 🤯

HAPPY LAUNCH SUNDAY ON A TUESDAY

Couldn't make it yesterday since the storms in my area knocked out the regions electricity. Thankfully I have a portable generator to keep water and fridge running. Maybe it's time to invest in a battery system with an inverter and a bigger generator to keep more of the home running

Extra bonus sats for the baby Chris clip. Loved it

Fresh TWiB! I think this is an important one and explains why some big macro investors are hedging for a bad bear market.

Chris, I will buy you a bitaxe. Tell me which one and where to ship it. I'm almost done setting up a pool server so we can have a JB Pool

Catching up, regarding the poverty line, I spend over 23k on housing and I'm in the Midwest in a rural area. What gets me is that all these "experts" never update their formulas even though everything is constantly changing around them. Why do you think that is?