You're listening to Bitcoin Season 2. Subscribe to the newsletter, trusted by over 16,000 Bitcoiners: https://newsletter.blockspacemedia.com

Welcome back to Bitcoin Season 2! Today, @0xBunzy, Bitcoin developer and creator of foundational tools, joins us to talk about Laser Eyes, the open source wallet connection library that's become essential infrastructure; Beat Blocks, an inscription tool for putting music on Bitcoin’s blockchain; and why Bitcoin's constraints spark the most creative innovations in art and developer tooling.

NOTES:

• Opus codec compresses 40% smaller than MP3

• Multiple major apps now use Laser Eyes

• npm installs track Bitcoin dev growth

• Beat Blocks uses recursive inscriptions

• P5 library enables high-quality visuals

• Bitcoin friction creates better art

Timestamps:

00:00 Start

01:11 How does Bunzy explain his job?

02:49 Laser Eyes

06:39 Modulat wallet construction

08:39 Beat Blocks

14:24 Browser UI experience

16:41 Art on Bitcoin as culture

20:32 Wrap up

👋Bitcoin Season 2 is produced Blockspace Media, Bitcoin’s first B2B publication in Bitcoin. Follow us on Twitter and check out our newsletter for the best information in Bitcoin mining, Ordinals and tech!

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You're listening to Bitcoin Season 2. Subscribe to the newsletter, trusted by over 7,000 Bitcoiners: https://newsletter.blockspacemedia.com

Welcome back to Bitcoin Season 2! Today, Colin and Charlie talk about the explosive growth of Bitcoin treasury companies and their financial engineering strategies. They break down Strategy's convertible debt playbook, examine why these companies trade at premiums to their Bitcoin holdings, and debate whether this trend is sustainable or an elaborate house of cards waiting to collapse.

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**Notes:**

• MicroStrategy holds 592,100 Bitcoin

• Q1 2025 revenue: $111 million 

• Convertible notes have 0-1% interest rates

• Bitcoin needs to drop way low for liquidation

• Preferred shares pay 8-10% dividends

• Annual obligations: $10-20 billion

Timestamps:

00:00 Start

02:59 Strategy (formerly micro)

10:42 Types of companies

15:13 Preferred stock

24:57 Closed end fund dynamics

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👋Bitcoin Season 2 is produced Blockspace Media, Bitcoin’s first B2B publication in Bitcoin. Follow us on Twitter and check out our newsletter for the best information in Bitcoin mining, Ordinals and tech!

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Jeremy Rubin joins us to talk about his secretive Miami Bitcoin office building Polybeam bridge and a Bitcoin staking platform, his controversial ideas for redesigning Bitcoin script entirely using RISC-V instead of the current "crappy programming language," his CTV endorsement process and why CAT proposals fell short, plus his theory on optimal soft fork activation timing to avoid holidays and summer vacations.

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Notes:

• Building Bitcoin staking platform into core client

• Polybeam bridge connects Bitcoin to StarkNet

• CTV endorsement process received few submissions

• Recommends 10 megabytes memory for new script

• Early November best time for soft fork activation

• In-person work more effective than remote

Timestamps:

00:00 Start

01:47 Working from home

03:17 Jeremy's secret project

04:25 Polybeam

05:35 Char & Bitcoin staking

07:19 Staking within the client

10:05 Whiteboarding at OP_NEXT

11:54 64 byte transactions

22:12 Redesigning bitcoin script

28:52 Drama & Kanye

30:55 CTV

37:34 Softfork activation (the human version)

46:01 Best day of life

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👋Bitcoin Season 2 is produced Blockspace Media, Bitcoin’s first B2B publication in Bitcoin. Follow us on Twitter and check out our newsletter for the best information in Bitcoin mining, Ordinals and tech!

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Charlie and Colin break down every major Bitcoin price prediction model and explain why they're all fundamentally flawed. From Plan B's broken stock-to-flow to Giovanni's power law obsession, rainbow charts, and Metcalfe's law - we expose the problems with each approach and introduce Charlie's new "institutional structured bid corridor" theory for this cycle.

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NOTES:

• Stock-to-flow predicted $1M by 2025 - failed

• Rainbow chart undefeated since 2013

• Power law predicts $100K by 2028 latest  

• Metcalfe's law broken by ETF adoption

• Hyper-bitcoinization chart shows $100B BTC

• Institutional money creating price channels

Timestamps:

00:00 Start

00:34 Price Models

02:09 Stock to Flow

10:48 Rainbow Chart

14:59 Arch Network

15:31 Power Law

21:40 Metcalfe's Law

28:03 Hyperbitcoinization Model

30:47 Institutional Structure Bid Corridor Model

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👉 Brought to you by Arch Network! Arch brings the speed of Solana & the best of crypto UX to Bitcoin. Tap into the rich app ecosystem on Arch & try out the testnet while you’re still early! Visit arch.network to learn more.

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👋Bitcoin Season 2 is produced Blockspace Media, Bitcoin’s first B2B publication in Bitcoin. Follow us on Twitter and check out our newsletter for the best information in Bitcoin mining, Ordinals and tech!

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Nick, co-founder of Gamma, joins us to talk about the broken NFT market discovery process and how their new platform Signals fixes the ridiculous whitelist system. We dive into Bitcoin ordinals vs traditional NFTs, why inscriptions are superior to off-chain storage, and how auction-style price discovery creates fairer markets for creators and collectors.

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Notes:

• Tens of thousands of Bitcoin nodes store inscriptions

• 2021 marked peak NFT hype cycle craze

• Most NFT data stored on centralized servers

• Signals uses auction clearing price model

• Bitcoin inscriptions permanently on-chain

• Traditional NFTs just track ownership

Timestamps

00:00 Start

00:49 Inscribing Vegas conference

02:47 NFT market currently

05:45 Market participants

11:44 Why are Ordinals & Inscriptions interesting?

20:36 Arch Network

21:08 Price discovery (it's harder than it looks)

29:09 Signals Art

39:54 Blockspace

40:43 Is a market equilibrium possible?

45:05 Wrap up

47:53 Invite code #BS2

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👉 Brought to you by Arch Network! Arch brings the speed of Solana & the best of crypto UX to Bitcoin. Tap into the rich app ecosystem on Arch & try out the testnet while you’re still early! Visit arch.network to learn more.

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👋Bitcoin Season 2 is produced Blockspace Media, Bitcoin’s first B2B publication in Bitcoin. Follow us on Twitter and check out our newsletter for the best information in Bitcoin mining, Ordinals and tech!

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Charlie and Colin dive deep into the dark side of crypto wealth - the rising amount of physical attacks, kidnappings, and torture targeting Bitcoin holders. From the Ledger co-founder's mutilation in France to wild NYC penthouse hostage situations involving crack cocaine and air fryers, they explore real cases and share Jameson Lopp's security wisdom.

Subscribe to the newsletter! https://newsletter.blockspacemedia.com

**Notes:**

• Ledger co-founder kidnapped 2 days, fingers cut

• American tourist lost $125K in London scam

• Italian held 17 days, $28M crypto extorted

• 90+ officers in French rescue operation

• Attacks started with Hal Finney in 2014

• Most incidents happen in Europe/Asia

Timestamps:

00:00 Start

01:08 What is a wrench attack?

05:33 Jameson Lopp

08:19 3 Types of attacks

09:34 Kidnapping (Ledger Case)

12:19 Kidnapping (French Father Case)

13:03 Attempted Abduction (France Daughter of CEO)

14:59 Arch Network

15:31 Wrench Attack Tracker

19:10 Hostage (American Tourist London)

22:08 Different custody setups

24:34 Hostage (Kentucky Crypto King)

30:58 Best practices

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👉 Brought to you by Arch Network! Arch brings the speed of Solana & the best of crypto UX to Bitcoin. Tap into the rich app ecosystem on Arch & try out the testnet while you’re still early! Visit arch.network to learn more.

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👋Bitcoin Season 2 is produced Blockspace Media, Bitcoin’s first B2B publication in Bitcoin. Follow us on Twitter and check out our newsletter for the best information in Bitcoin mining, Ordinals and tech!

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Vortex joins us to talk about Bitcoin's unfinished evolution, the critical need for soft fork upgrades like CTV and check sig from stack, parallels between Roger Ver and Michael Saylor's influence, lessons from the block size war, and why technical development can't stop despite growing political resistance within the Bitcoin community.

Subscribe to the newsletter! https://newsletter.blockspacemedia.com

**Notes:**

• Bitcoin at $110,000 feels eerily casual in 2025

• CTV has $500k+ bug bounty with no exploits found

• Only 3-5% of global population has used Bitcoin

• Next cycle could see $2M+ Bitcoin price target

• ETFs defined this cycle; governments next

• Lightning needs upgrades for high-fee environments

Timestamps:

00:00 Start

01:20 The RETURN of Vortex

03:47 Blocksize War vs Now

08:41 Roger Ver & Micheal Saylor

14:56 Why not big blocks?

19:38 UASF (user activated soft fork)

20:47 CTV + CSFS

24:49 Current state of Bitcoin

31:50 Protecting your psyche

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👉 Brought to you by Arch Network! Arch brings the speed of Solana & the best of crypto UX to Bitcoin. Tap into the rich app ecosystem on Arch & try out the testnet while you’re still early! Visit arch.network to learn more.

-

👋Bitcoin Season 2 is produced Blockspace Media, Bitcoin’s first B2B publication in Bitcoin. Follow us on Twitter and check out our newsletter for the best information in Bitcoin mining, Ordinals and tech!

Enjoy the show? Check out our website and newsletter by clicking here.

Questions or want to sponsor? [email protected]

Learn more about your ad choices. Visit megaphone.fm/adchoices

Charlie and Colin record live from Bitcoin 2025 in Las Vegas to discuss VP JD Vance's nuanced Bitcoin takes, the conference's corporate transformation, Lightning Network's 9.7% APR yields, Peter Schiff's surprising Bitcoin NFT sales, conference security issues, and whether Bitcoin has lost its cypherpunk roots to Wall Street suits.

Subscribe to the newsletter! https://newsletter.blockspacemedia.com

NOTES:

• Bitcoin market cap: $2 trillion, $100k+ price

• Lightning routing earned 9.7% APR yields

• Conference had 30k attendees, 4k BTC payments

• Peter Schiff sold NFTs for 0.01-0.02 BTC each

• Vegas conference returning next year

• Multiple stages: 6-7 different tracks

Timestamps:

00:00 Start

02:03 Peter Schiff <3 Bitcoin

04:19 Vibe check

10:36 Sh!#coins galore!

14:30 JD Vance

20:45 Not much gambling

22:24 9.7% APY Lightning Routing Node

27:31 Square enables Bitcoin payments

29:37 New scammer crowd

30:55 Bitcoin skull

33:29 Sh!#coin swag room service?

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👉 Brought to you by Arch Network! Arch brings the speed of Solana & the best of crypto UX to Bitcoin. Tap into the rich app ecosystem on Arch & try out the testnet while you’re still early! Visit arch.network to learn more.

-

👋Bitcoin Season 2 is produced Blockspace Media, Bitcoin’s first B2B publication in Bitcoin. Follow us on Twitter and check out our newsletter for the best information in Bitcoin mining, Ordinals and tech!

Enjoy the show? Check out our website and newsletter by clicking here.

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Learn more about your ad choices. Visit megaphone.fm/adchoices

PortlandHODL explains Bitcoin's most dangerous vulnerability: poison blocks. These malicious blocks can freeze nodes for 11+ hours on Raspberry Pi devices and 25 minutes on enterprise hardware, creating profitable attack opportunities for miners while exposing how relay policy acts as an accidental guardian of the network.

Follow our guests: @PortlandHODL

Notes:

• Poison Blocks (denial of service)

• Raspberry Pi validation: 11 hours for poison blocks

• Enterprise hardware: 25 minutes validation time  

• Attack gives 20% effective hash rate boost

• Fix exists in Great Consensus Cleanup

• Bitcoin fees currently under $1

Timestamps:

00:00 Start

00:53 Real threats to Bitcoin

04:55 How is block made?

11:46 Nodes & DOS blocks

20:03 Making DOS blocks

29:33 Arch Network

30:05 Miners & DOS blocks

36:46 Attack response time

40:47 Fixing the problem

43:25 Why not fixed yet?

54:12 Client diversity

1:01:11 Other good soft forks

1:05:12 Are you worried?

1:10:03 "Deep Thoughts" by Portland HODL

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👉 Brought to you by Arch Network! Arch brings the speed of Solana & the best of crypto UX to Bitcoin. Tap into the rich app ecosystem on Arch & try out the testnet while you’re still early! Visit arch.network to learn more.

-

👋Bitcoin Season 2 is produced Blockspace Media, Bitcoin’s first B2B publication in Bitcoin. Follow us on Twitter and check out our newsletter for the best information in Bitcoin mining, Ordinals and tech!

Enjoy the show? Check out our website and newsletter by clicking here.

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Charlie and Colin reveal the shocking truth about Bitcoin Pizza Day that mainstream media got wrong. Laszlo didn't just spend 10,000 Bitcoin on pizza - he spent nearly 80,000 Bitcoin throughout 2010! We dive deep into how his GPU mining discovery revolutionized Bitcoin, why Satoshi sent him a concerned email, and how this "penance" may have actually saved Bitcoin's decentralization in its early days.

**Notes:**

• Laszlo spent ~80,000 Bitcoin total on pizza in 2010

• GPU mining was 10x more powerful than CPU mining

• Bitcoin hash rate increased 130,000% by end of 2010

• Laszlo had 1-1.5% of entire Bitcoin supply 2009-2010

• His wallet peaked at 43,854 Bitcoin

• Total wallet flows were 81,432 Bitcoin

Timestamps:

00:00 Start

00:28 Lies, damn lies.. and pizza

02:21 What actually happened

05:46 It's actually WAY MORE than you think

11:15 Arch Network

11:47 Laslo "saved" Bitcoin

19:12 Pizza or penance?

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👉 Brought to you by Arch Network! Arch brings the speed of Solana & the best of crypto UX to Bitcoin. Tap into the rich app ecosystem on Arch & try out the testnet while you’re still early! Visit arch.network to learn more.

-

👋Bitcoin Season 2 is produced Blockspace Media, Bitcoin’s first B2B publication in Bitcoin. Follow us on Twitter and check out our newsletter for the best information in Bitcoin mining, Ordinals and tech!

Enjoy the show? Check out our website and newsletter by clicking here.

Questions or want to sponsor? [email protected]

Learn more about your ad choices. Visit megaphone.fm/adchoices