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The Reorg

Episode 1 – End the Fed: Hoard Bitcoins

By Satoshi Nakamoto Institute

Aired Feb 12, 2025 · 1h 3m · Last boosted Mar 3, 2025

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Show Notes

Description Michael Goldstein and Pierre Rochard discuss Pierre's 2013 article "End the Fed: Hoard Bitcoins." Featuring Michael Goldstein: https://x.com/bitstein Pierre Rochard: https://x.com/BitcoinPierre Links & Resources "End the Fed: Hoard Bitcoins" by Pierre Rochard "Economics of Bitcoin: is Bitcoin an alternative to fiat currencies and gold?" by Peter Šurda The SNI Mempool Crash Course in Bitcoin Political Economy Support the Show The Satoshi Nakamoto Institute is a qualified 501(c)(3) nonprofit organization. Donate via Zaprite Connect Website: https://nakamotoinstitute.org X: https://x...

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sats
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👍🏻👍🏻👍🏻
ndeetAug 24, 2025
420
Banger
average_garyAug 23, 2025
100
God, Bitcoin, Glory
average_garyAug 23, 2025
100
Missed the window to run for Governor in Virginia. But with a few years planning, could run.
average_garyAug 23, 2025
100
Participate in the Bitcoin tax revolt against inflation.
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Nov 11, 2025
Nostr Boosts:610
MarcNov 13, 2025
210
Dude, BIP39 words with Shamir Secret Sharing on an open standard is like a wet dream I once had.😅
average_garyNov 12, 2025
100
I agree with @npub1az9xj85cm… . Knostr needs to fix the filters.
average_garyNov 12, 2025
100
Physical access is root access. 🤝
average_garyNov 12, 2025
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Without video, how do I see shirtless @npub1az9xj85cm… ?
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👍🏻👍🏻👍🏻
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Nostr Boosts:1k
ndeetNov 1, 2025
420
Thats also an issue with core devs, they get paid a lot and maybe feel the urge to do something instead of nothing
ndeetNov 1, 2025
420
👏
average_garyNov 1, 2025
100
Open source helps mitigate spook devs.
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Nostr Boosts:600
average_garyJun 15, 2025
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"Wingman will be a nostr-native dev matching site" -@Alex_Gleason_🐍 @npub1q3sle0kvf…
average_garyJun 15, 2025
100
"@npub10pensatlc… doesn't zap enough" -@Alex_Gleason_🐍 @npub1q3sle0kvf…
average_garyJun 15, 2025
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Being average is going to pay off so well. 🤝
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Nostr Boosts:400
average_garyOct 1, 2025
100
Art is sometimes used for money laundering.
average_garyOct 1, 2025
100
Go watch Operation Orchestra in youtube.
average_garyOct 1, 2025
100
THE BLOCK TEMPLATE FOR MINING IS NOT AS IMPORTANT AS THE COINBASE TRANSACTION. THE COINBASE PAYOUT DETERMINES WHO GETS PAID. THE TEMPLATE DETERMINES HOW MUCH. WE NEED MORE POOLS. #eHash
average_garySep 27, 2025
100
A NAVY FIGHTER PILOT?!?! But is he coming to the Bitcoin Veterans Summit 2025?!?
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Nostr Boosts:10k
average_garyMay 17, 2025
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OP_ValidateMessageSignature OP_VMS VMS aka CSFS
average_garyMay 17, 2025
100
That's OSMU taking the bitaxe donations. Need more manufacturing implementations. Just like Core
average_garyMay 17, 2025
10k
libbitcoinkernel maximalism
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Jan 12, 2025
Nostr Boosts:HE1.8k
hechJan 18, 2025
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Love the Schwartz shoutout
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MarcJan 12, 2025
520
Set up a test account with Iris. The automatic npub.cash address you mentioned is amazing.
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Nostr Boosts:HE1.4k
FernandoTheKoalaJan 28, 2025
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Thanks to both of you!
hechJan 27, 2025
1k
Love it
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Nostr Boosts:1.4k
average_garyApr 25, 2025
100
dB near zero ⚡
average_garyApr 25, 2025
1k
OpNext was great. Run your testnet4 CTV + CSFS client. https://.GitHub.com/average-gary/bitcoin Has Sv2 enabled branch too.
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Nostr Boosts:1.3k
ndeetNov 28, 2025
420
ndeetNov 27, 2025
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ndeetNov 27, 2025
420
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Sep 19, 2025
Nostr Boosts:1.3k
ndeetOct 2, 2025
420
There is a big difference if you signal shitcoins are welcome or you focus on money and discourage non-monetary use cases. There are plenty of shitcoins they can play on. Nodes and users are important otherwise it deceases to be Bitcoin and becomes captured and centralized.
ndeetOct 2, 2025
420
What bs are you talking abou Rizzo, lol.
ndeetOct 2, 2025
420
I have never heard that knots supporters argue that they don't believe that a fee market establishes in the future. Hmm, why you think Luke is for 300kb blocks 🤔
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Nostr Boosts:1.3k
ndeetMar 9, 2025
420
Andere Kritikpunkte stimme ich zu.
ndeetMar 9, 2025
420
Super Argument Dennis. Tom blendet Kernproblematik aufgrund von Indizien-DoS ab und kommt zu falschen Rückschlüssen. Ganz ohne technisches Verständnis kann man halt leider keine Rückschlüsse auf Validität der Indizien und Schutz vor Zentralisierung ziehen, sorry Tom.
ndeetMar 9, 2025
420
Genau andersrum, Ver und Co waren die großen Player (Exchanges, Miner, ..) die ihre Geschäftsmodelle schützen wollten und via Blockgröße einfachste Lösung durchdrücken wollten (Zentralisierung). Mining Pools würden mit Bigblocks noch mehr zentralisiert sein weil schwerer Nodes zu betreiben. Pools ist ein Problem, Lösung Stratum v2, Ocean/Datum um Blocktemplates zu dezentralisieren. Ver/Bigblocks hätte nichts daran geändert bzw. verschlimmert. Blocksizewar als neutralere Quelle lesen.
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Nostr Boosts:1.3k
ndeetFeb 18, 2025
420
ndeetFeb 18, 2025
420
ndeetFeb 18, 2025
420
💯
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Nostr Boosts:1.2k
100
Came back and listened again after another assassination attempt on Trump. Fuck…
average_garySep 14, 2025
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Second listen through.
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🫡🫡👍🏻
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Feb 21, 2026
Nostr Boosts:1.2k
average_garyFeb 23, 2026
100
It's fun listening to people pontificate about AI that don't understand it's wizardry.
1k
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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Nostr Boosts:1.2k
average_garySep 23, 2025
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Pioneer or die.
average_garySep 22, 2025
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High signal
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👍🏻🫡 Thanks for the Fed acknowledgment, classy move
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Nostr Boosts:1.2k
200
⚡️⚡️FINANCE BRO PODCASTS ARE THE REAL SHITCOIN!!!!
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🤣🤣🤣🤣
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⚡️⚡️⚡️🤣🔥🤣🔥
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Nostr Boosts:720
ndeetMar 16, 2025
420
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FernandoTheKoalaMar 14, 2025
100
One of the best I’ve listen to in a while, thanks
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Nostr Boosts:720
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Probably do either have to go custodial lightning or Cashu for Nostr until we get covenants. Full self sovereign lightning is likely just too hard and niche to reach critical mass on Nostr.
MarcJan 10, 2025
210
What's the intro/outro song clip from?
MarcJan 10, 2025
210
Strike bill pay is a game changer. I know," not your keys, not your bitcoin", but if I must use a bank, I would rather use a bitcoin 100% reserve bank.
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Nostr Boosts:620
ndeetNov 18, 2025
420
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I use Liana Taproot miniscript and it’s awesome. Great wallet for inheritance.
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Nostr Boosts:510
FernandoTheKoalaMar 2, 2025
100
Cheers, very human!
MarcMar 1, 2025
210
I would love to be a fly on the wall at the Rochard house. Pierre: We should sell chairs for bitcoin. Morgen: Wee need some dirty-fiat for a chair.
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⚡️⚡️⚡️👍🏻👍🏻👍🏻
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Jul 13, 2025
Nostr Boosts:500
average_garyJul 16, 2025
100
The song at the end is 🔥🔥🔥
average_garyJul 15, 2025
100
Digital signatures over hashed documents and data will ensure that the future humans know what was true and what was AI slop
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👍🏻👍🏻👍🏻
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Nostr Boosts:500
average_garyMay 9, 2025
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🤝
300
👍🏻👍🏻
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Nostr Boosts:500
300
Happy to discover this AI and coding podcast
average_garyApr 3, 2025
100
Does ecash enable blinded auditing for bitcoin books? 🤔
average_garyApr 3, 2025
100
First 30min is 🤌🤝🔥
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Nostr Boosts:410
MarcOct 7, 2025
210
@npub1jr525zmjj… Do you know of any other mobile wallet with silent payment support?
average_garyOct 1, 2025
100
Saving grace is we'll know it's happening since the sun will get weird. Once the dark sun arrives, time to warlord.
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👀👀👀
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Nostr Boosts:300
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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.
100
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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👍🏻🫡👍🏻
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Nostr Boosts:300
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Wore the “Bugle News” red shirt in Vegas
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Hugs are underrated
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Next year hug inbound!!
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Nostr Boosts:300
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When details on the Sasha Vegas run?
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Is my fountain subscriber working now?
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👍🏻👍🏻🫡
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Feb 25, 2026
Nostr Boosts:300
100
Flair espresso maker is a manual plastic free(in brewing chamber, not overall) and sub $400 option. Great shots and durable af
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Need that Vegas event to happen again this year
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👍🏻👍🏻🫡
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Nostr Boosts:300
100
👍🏻👍🏻
average_garyJan 10, 2026
100
ActualLt using the State to protect rights is based AF.
average_garyJan 10, 2026
100
Need a nostr relay in every town of America.
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Nostr Community

Everyone who has boosted Episode 1 – End the Fed: Hoard Bitcoins on Nostr, ranked by sats sent, all time.

  1. Classic Blue 5k sats
  2. hech 1k sats
  3. average_gary 1k sats
  4. Exorbitant Privilage 500 sats
  5. ndeet 420 sats
  1. YODL 240 sats
  2. Marc 210 sats
  3. btconboard #LNHANCE or #CTV 200 sats
  4. Dan 169 sats
  5. FernandoTheKoala 100 sats

Episode Boosts

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

  • 420 via Fountain
  • 5,000 via Fountain
    Welcome back 🫶
  • 210 via Fountain
    Great show. The Nakamoto institute was an intregal part of my education in 2014/2015. I love hearing the new take on the old ideas. Thanks guys.
  • 240 via Fountain
    Cool chat. And now I have something new to learn too - the Coase Theorem
  • 169 via Fountain
    When they say bitcoins 🚩🚩🚩🚩 Great episode, looking forward to more
  • 1,000 via Fountain
    🧠🤌🫶👏🫂🤝
  • 100 via Fountain
    Thank you, very enjoyable convo
  • 1,001 via Fountain
    Loved it