#012 - David Zell - The Separation of Money and State

⚡️⚡️FINANCE BRO PODCASTS ARE THE REAL SHITCOIN!!!!

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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.

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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Wore the “Bugle News” red shirt in Vegas

Hugs are underrated

Next year hug inbound!!

When details on the Sasha Vegas run?

Is my fountain subscriber working now?

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Flair espresso maker is a manual plastic free(in brewing chamber, not overall) and sub $400 option. Great shots and durable af

Need that Vegas event to happen again this year

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2026 prediction: in 2025 Mike Brock was only teetering. 2026 will bring his real crash out.

BANGER

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Quantum is a fake and gay VC scam until it can factor a random three digit integer. Until then my young kids are smarter.

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Continued love from the Seattle crew

Great rip!! 🫡👍🏻

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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Great vibes

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🔥🔥🔥 the Stormlight Archive series by Brandon Sanderson is the best modern fantasy series, fight me

Nostr sneak peek ftw, great idea

Whether people love them or not, super bullish to see tradFI products come to bitcoiners

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Embrace Christmas

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You definitely can verify your seed words on a Ledger. You download a specific app from Ledger Live and that allows you to verify your backup.

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You can just do things, may be the single most important thing you can teach your kids

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Ordered more soap, love it. Enjoy having both cedarwood soap and deodorant.

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What is the use case for Arca versus an Umbrel? Umbrel for picture and non sensitive storage and Arca can save highly sensitive items like passwords or seeds?

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I worked for a year at a PE roll up of wood related business (wood pellets, chips, sawmills) AMA.

What if my month of supplies is all beans and rice because I’m trying to save sats? Still gay?

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French CTV 🤣🤣🤣

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The Palmer luckey game boy clone is AWESOME! Highly recommend

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Going to be a great summer!!!

Outro song is 🔥🔥

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easy for Bitkey to not show seeds by default, but allow you to access them behind a scary advanced user don’t give this to anyone for any reason warning. Just refusing to provide any seed access at all is disappointing.

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Surge Credit is awesome and strictly superior to terrible lying Lava

Stop pushing lava it is a scam,

Came back and listened again after another assassination attempt on Trump. Fuck…

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BIP 361 is theft. Any incoherent equivocation to the contrary should be ridiculed. I’m fine with a new optional address format WITHOUT theft.

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Freeze = stolen Orwellian fake speech by suits

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