Matthew Williams, Head of Derivatives at Luxor Mining joins me to talk about Bitcoin Mining hashprice derivatives and what they will do for bitcoin miners: 

 Getting into bitcoin mining
 What is hashprice?
  How hashprice shifts over time
  What is a non-deliverable forward? 
  Who should use an NDF?
  Professionalising bitcoin mining

Link:

  Site: Luxor Technologies 

Sponsors:

  Pacific Bitcoin Festival (code LIVERA)
  CoinKite.com (code LIVERA)
  Lugano PlanB Forum
Mempool.space


SLP493 Hashprice Derivatives with Matthew Williams

Join Stephan as he interviews the sharpest economic and technical minds in Bitcoin &amp; 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.

Technology

Tech News

Podcasting

Gadgets

Software How-To

NVK of Coinkite rejoins me to talk about attitudes on Bitcoin development and consensus changes. We discuss how “ossification” is commonly thrown around as a term, but maybe there is a better term. “Extreme conservatism”? We talk:

 What is ossification? 

 What about bug fixes? 

 What changes would NVK be interested in? 

 How many people will use Bitcoin? 

  What the market is focused on

  It’s not your chain


Links:

  X: @nvk

  Bitcoinsecurity.guide

  coinkite.com

  Unleashed.chat 


Timestamps:
(00:00) - Intro 
(00:52) - Ossification and gardening 
(06:06) - Where are the ossifiers? 
(09:03) - Fixing bugs on the Bitcoin protocol 
(17:13) - Assessing BIPs & change proposals
(23:53) - NVK on Bitcoin as SOV and/or MOE
(31:47) - Sponsors
(34:58) - “USD is the best shitcoin”
(37:32) - The fate of other blockchains
(45:41) - Putting Bitcoin on a pedestal?
(49:32) - Gresham’s Law in context of Bitcoin
(51:34) - Future path for Bitcoin
(57:27) - Outro
Sponsors:

  Swan.com (code LIVERA)

  CoinKite.com (code LIVERA)

  Mempool.space


Stephan Livera links:

  Follow me on X: @stephanlivera

  Subscribe to the podcast

  Subscribe to Substack



NVK on Bitcoin Ossification and Changes SLP582

I recently spoke at Bitcoin Seoul 2024 and here are some interviews with some of the speakers:

 Calvin Kim on utreexo

 Gloria Zhao on Bitcoin Core and mempool

 Laolu on Taproot Assets and covenants

 Saifedean on Central Banking and tax cattle

  Obi Nwosu on Fedi

  Jimmy Song on Bitcoin in Korea


Timestamps:
(00:00) - Calvin Kim on importance of Bitcoin conferences
(01:51) - Simplifying Utreexo
(03:31) - What is Utreexod?
(04:51) - Will node providers support Utreexo?
(06:38) - Gloria Zhao on BIP431 (Truc)
(08:15) - Implications of Truc
(12:26) - What is mempool cluster?
(14:08) - P2P encryption on Bitcoin core V27.0
(15:22) - Upcoming developments on Bitcoin core
(18:04) - Sponsors(20:13) - Laolu (Roasbeef) on Taproot assets
(25:29) - LSP Challenges on issuing stablecoins
(28:21) - Views on covenants
(31:51) - Ensuring protocol safety while enabling Opcodes
(34:33) - Saifedean’s views on Bitcoin Seoul 2024
(34:44) - Central Bank behaving like a private organisation
(40:21) - ‘The Keynesian Voodoo’ 
(46:35) - All roads lead to Bitcoin
(48:26) - Sponsors
(50:45) - Latest developments at Fedi with Obi Nwosu
(52:23) - Role of the Fedimint Guardians
(54:40) - Fees on Fedi
(56:18) - Fedi’s Social backup and recovery model
(58:26) - Risks of getting rugged
(1:01:23) - Fedi is trust-reduced
(1:03:11) - Jimmy Song’s views on Bitcoin Seoul 2024
(1:04:18) - Views on Bitcoin’s Technical developments
(1:05:46) - Savings culture among Koreans & role of Bitcoin
(1:09:16) - Outro
Links:

  X: x.com/saifedean

  Saifedean episode: https://saifedean.com/podcast/222-central-banking-works

  X: x.com/glozow

  Bitcoin review club:  https://bitcoincore.reviews/

  BIP 431: https://github.com/bitcoin/bips/blob/master/bip-0431.mediawiki

  X: x.com/obi 

  Fedi: https://www.fedi.xyz/

  X: x.com/roasbeef

  Lightning Labs: https://lightning.engineering/

  X: https://x.com/kcalvinalvinn

  Utreexod beta release: https://groups.google.com/g/bitcoindev/c/5GyV9af9lv4?pli=1 

  X: x.com/jimmysong


Sponsors:

  Swan.com (code LIVERA)
  CoinKite.com (code LIVERA)
  Mempool.space
  Nomadcapitalist.com/apply

Stephan Livera links:

  Follow me on X: @stephanlivera
  Subscribe to the podcast
  Subscribe to Substack





Bitcoin Seoul 2024 Interviews with Saifedean, Jimmy Song, Laolu, Obi, glozow and Calvin SLP581

Walt Smith of cyber.fund joins me to discuss thoughts on MEV and where it may be going on Bitcoin. 
We discuss:

 Defining MEV

 10 minute block time?

  Does it centralise Bitcoin?

  Suffering from success

  The approach on shitcoins and spam


Timestamps:
(00:00) - Intro 
(02:02) - Defining MEV
(06:02) - Replace-by-fee (RBF)
(11:01) - Concern regarding miner centralisation 
(18:56) - Growth of private mempool flow & MEV potential?
(24:55) - Are mining pools transparent with fee payouts?
(27:01) - Expressivity on Bitcoin 
(31:21) - Sponsors
(35:24) - Does the 10 minute block time mitigate MEV?
(40:27) - Is Bitcoin more than ‘money’?
(46:05) - Fake L2's on Bitcoin
(51:24) - Does MEV lead to miner centralisation? 
(56:15) - Closing thoughts on MEV
Links:

  X: @waltjsmith

  X: @cyberFund_

  Site: cyber.fund

  Article: The Spectre of MEV on Bitcoin


Sponsors:

  Swan.com (code LIVERA)

  CoinKite.com (code LIVERA)

  Mempool.space


Stephan Livera links:

  Follow me on X: @stephanlivera

  Subscribe to the podcast

  Subscribe to Substack



Bitcoin and MEV with Walt Smith SLP580

Silent Payments is a new approach to improving privacy and useability of Bitcoin. Imagine not needing to manually create new addresses? Josibake and Ruben Somsen join me to discuss some of the ins and outs of Silent Payments. We discuss:

 Silent Payments overview

 Contrast with other techniques such as BIP47 

  Light client support

  Stopping address re use

  Base layer privacy discussion


Links:

  X: @josibake

  X: @SomsenRuben

  BIP: Silent Payments

  Tracking progress in Bitcoin Core/libsecp256k1

  Informational website from sethforprivacy : Privacy-preserving static addresses for Bitcoin


Sponsors:

  Swan.com (code LIVERA)

  CoinKite.com (code LIVERA)

  Mempool.space


Stephan Livera links:

  Follow me on X: @stephanlivera

  Subscribe to the podcast

  Subscribe to Substack




Timestamps:
(00:00) - Intro
(01:01) - Overview of Silent Payments (SP)
(03:15) - History of the SP idea & contrast with other methods
Add more
(14:36) - Current status of SP development & adoption
(17:49) - Testing light clients for SP
(21:50) - The Silent Payment Experience
(26:31) - Light client support
(31:20) - What is a light client?
(38:05) - Sponsors
(41:16) - Spend Key & Scan Key 
(42:37) - XPUB vs. Silent Payments
(44:42) - Reducing address re-use with SP
(49:29) - Labeling with Silent Payments
(53:14) - Ease of use and compatibility with Lightning 
(57:03) - Overcoming the ‘silver bullet’ mindset
(01:10:50) - Composability with Silent Payments
(01:12:46) - Silent Payments summary
(01:14:06) - Closing Thoughts

Silent Payments: A Bitcoin username? With Josibake and Ruben Somsen SLP579

Skot joins me to talk about his project to bring affordable, energy efficient, open source mining to home miners. We discuss:

 The current state of open source in bitcoin mining

 Bitaxe overview

 Why do people do this?

 Price and how to set one up

  Mining pools

  Decentralisation


Links:

  X: @skot9000

  Site: Bitaxe.org


Sponsors:

  Swan.com (code LIVERA)

  CoinKite.com (code LIVERA)

  Mempool.space

  Nomadcapitalist.com/apply


Stephan Livera links:

  Follow me on X: @stephanlivera

  Subscribe to the podcast

  Subscribe to Substack




SLP493 Hashprice Derivatives with Matthew Williams

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