A Duke professor just published a roadmap for profitably attacking Bitcoin using offshore derivatives markets — simultaneously mining enough hash power to take over the network while shorting Bitcoin to zero. The hosts aren't impressed, but they do take it seriously enough to dig into whether a nation-state or "nefarious geopolitical entity" could actually pull it off.

In this episode:

• Duke professor Campbell Harvey outlines a 51% attack strategy funded by short positions in Bitcoin's derivatives markets, claiming the cost is roughly 50 basis points of Bitcoin's market cap — "surprisingly affordable" in his words.

• A former Meta engineer argues Bitcoin has two ticking time bombs: quantum computing vulnerabilities and a miner fee economy that never materialized as block rewards shrink, with 95% of Bitcoin already mined.

• Lindsey Graham's death is discussed at length — the hosts examine the timeline around his visit to a Ukrainian drone facility, Russia's subsequent strike on that facility, and theories about who might benefit from his death.

• Netanyahu's Fox News interview proposing a Pentagon-Israeli military merger draws sharp commentary, including his claim that Israeli intelligence is worth "five CIAs."

• Japan's 30-year bond hitting a record high yield and South Korean stocks crashing nearly 10% in a single session are framed as symptoms of the broader fiat system unraveling.

• Oil surging nearly 8-9% on the day following the Kharg Island strike, which the hosts say accounts for roughly 90% of Iran's crude exports, with someone making "generational insider trading wealth" off the volatility.

• The mining fee debate and quantum FUD are dismissed as YouTube slop — the hosts point to the difficulty adjustment and growing node activity as evidence the network self-corrects.

Watch the video version: https://youtu.be/8a3fpIPEJvQ