Inflection Point

In this episode, Bill Tai and George Kikvadze join the show to explore the untold, insider history of Bitcoin mining through the lens of BitFury’s founders, exploring their early struggles, near-death moments, regulatory battles, Silicon Valley skepticism, the birth of ASIC mining, the role of Necker Island gatherings in shaping the industry, and how those lessons inform Bitcoin’s present institutional era and future trajectory. Enjoy!

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Timestamps:

(00:00) Introduction

(03:07) New Book: And Then You Win

(05:31) Bill’s Bitcoin Backstory

(12:57) George’s Path Into Bitcoin

(15:43) FG Trailer

(16:56) The Birth of ASICs & Industrial Mining

(25:58) BitFury’s Breakout Moment

(28:20) Mining Challenges & Growing Pains

(30:49) Silicon Valley’s Big Miss

(34:17) Necker Island: Branson, Bitcoin & Bold Ideas

(39:58) Blockchain Summits & Their Industry Impact

(42:13) Today’s Bitcoin Market & The Road Ahead

(47:37) Biggest Bitcoin Advice & Surprises

(54:49) Final Thoughts

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Disclaimer: Nothing said on Supply Shock is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are opinions, not financial advice. Hosts and guests may hold positions in the companies, funds, or projects discussed.

#Bitcoin #Crypto #SupplyShock

This week, we break down the escalating emergency soft-fork push inside the Bitcoin fork telegram channel, including the bans, inconsistencies, shifting activation plans, and the core dispute over whether a minority can (or should) restrict existing user behavior on Bitcoin. The panel dissects the technical, social, economic, and philosophical stakes, from property-rights violations to purity spirals, UASF fantasies, dangers of rushing consensus, and more. Enjoy!

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Timestamps:

(00:00) Introduction

(02:39) Inside the Bitcoin Fork Telegram

(04:45) Diverging Views on the Fork Proposal

(12:48) Is the Soft Fork Valid?

(14:41) Who Decides Bitcoin’s Future?

(17:17) FG Trailer

(18:29) Economic Consequences of a Forked Bitcoin

(26:24) Miners vs. Nodes

(36:18) Can Bitcoin Maintain Consensus & Network Health?

(37:46) The Hard Part: Technical + Social Coordination

(41:11) Ideology, Philosophy & What Bitcoin Should Be

(43:31) Lessons From Past Fork Fights

(47:41) Who Really Owns Bitcoin?

(01:01:22) Censorship, Neutrality & Network Integrity

(01:06:28) Final Thoughts

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Disclaimer: Nothing said on Supply Shock is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are opinions, not financial advice. Hosts and guests may hold positions in the companies, funds, or projects discussed.

#Bitcoin #Crypto #SupplyShock

In this episode, co-creator of Counterparty Adam Krellenstein joins the show to unveil Kontor – a next-generation Bitcoin meta-protocol offering native smart contracts and scalable file storage built directly on Bitcoin. He explains how Kontor builds on the legacy of Counterparty, colored coins, and Ordinals to bring true DeFi to Bitcoin without sidechains. Enjoy!

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Timestamps:

(00:00) Introduction

(02:02) Kontor: The Next Bitcoin Meta Protocol

(03:48) Why Bitcoin Needs a Meta Layer Now

(08:05) Smart Contracts, Storage & Kontor’s Design

(13:00) Ethics, On-Chain Activity & Bitcoin’s Moral Debate

(17:43) Launch Playbook & Kontor Tokenomics

(19:36) Kontor’s Scripting Language & Transaction Flow

(25:06) FG Trailer

(26:18) How Data Moves Through Kontor & Bitcoin

(32:06) Building on Bitcoin vs. Alt-L1 Ecosystems

(36:59) Bitcoin’s Next Era: Protocols, Miners & Markets

(47:52) Multiple Implementations & the Future of Consensus

(51:23) Bitcoin Wall Street-ification & Guardrails

(55:18) Final Thoughts

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Disclaimer: Nothing said on Supply Shock is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are opinions, not financial advice. Hosts and guests may hold positions in the companies, funds, or projects discussed.

#Bitcoin #Crypto #SupplyShock

In this episode, we sit down with Ledger’s Chief Experience Officer, Ian Rogers, to discuss the launch of the new Ledger Nano Gen 5 and the evolution of Ledger Wallet. We dive into how Ledger is improving hardware wallet usability and the company’s broader vision of securing Bitcoin to enable a full digital value ecosystem. Enjoy!

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Timestamps:

(00:00) Introduction

(01:39) Ledger’s Evolution & Innovations

(03:47) Security Meets Usability

(04:54) Inside Ledger’s New Products

(06:24) UX, Adoption & Market Growth

(12:28) Who is the Ledger User?

(15:45) Understanding Hard Wallets

(18:43) FG Trailer

(19:58) The Future of Ledger & Multisig

(27:37) Bitcoin Gifting & Ledger’s Mission

(32:04) Final Thoughts

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Disclaimer: Nothing said on Supply Shock is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are opinions, not financial advice. Hosts and guests may hold positions in the companies, funds, or projects discussed.

#Bitcoin #Crypto #SupplyShock

In this episode, we dive into the escalating Bitcoin civil war over BIP-444 — the proposed “emergency soft fork” to limit arbitrary data onchain. The panel debates “pleb slop” culture, anti-core developer sentiment, and whether the community is repeating the moral crusades of the Blocksize Wars. We also dissect miner incentives, exploiting user-activated vs. user-rejected forks, property-rights implications, and prediction markets tracking whether the fork will ever activate. Enjoy!

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Timestamps:

(00:00) Introduction

(01:48) Debating “Pleb Slop” and Core Values

(08:25) Developers, Consensus, and the Community Divide

(16:20) Fork Proposals and the Governance Dilemma

(21:40) Soft Forks, User Action, and Network Power

(34:05) FG Trailer

(35:17) Soft Forks, User Action, and Network Power

(39:18) Game Theory: Block Invalidation and Chain Reorgs

(42:50) Prediction Markets, Fork Futures, and Incentives

(47:51) Economic Voting and Miner Power Dynamics

(52:42) Censorship, Property Rights, and Bitcoin Core’s Role

(1:06:01) Fork Scenarios and the Future of Bitcoin

(1:07:24) Final Thoughts

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Disclaimer: Nothing said on Supply Shock is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are opinions, not financial advice. Hosts and guests may hold positions in the companies, funds, or projects discussed.

#Bitcoin #Crypto #SupplyShock

In this episode, Lamar Wilson – founder of Black Bitcoin Billionaire and creator of Orange House Capital – joins the show to discuss his new platform that lets everyday people buy Bitcoin the same way they’d buy a home: with a down payment and monthly installments. Lamar explains how this “Bitcoin mortgage” model aims to make ownership accessible without credit checks, drawing parallels to how traditional mortgages built the American middle class. Enjoy!

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Timestamps:

(00:00) Introduction

(02:17) Building Orange House

(04:32) The Bitcoin Mortgage Model

(10:56) Cryptography & Refinancing

(13:50) Reinventing the Mortgage for Bitcoin

(17:44) FG Trailer

(18:56) Reinventing the Mortgage for Bitcoin

(21:11) The Target Market

(23:44) The Bitcoin Layaway Revolution

(26:14) Lamar’s Bitcoin History

(27:58) Democratizing Bitcoin Access

(33:25) Bitcoin is for the People

(38:22) Final Thoughts

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Disclaimer: Nothing said on Supply Shock is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are opinions, not financial advice. Hosts and guests may hold positions in the companies, funds, or projects discussed.

#Bitcoin #Crypto #SupplyShock

In this episode, we’re joined by Shinobi, Joakim Book, and Aaron van Wirdum to discuss the emergency Bitcoin soft fork proposal that could split the network. We debate whether the proposal’s “legal and moral” justifications hold any weight, question who defines harm within Bitcoin, and explore how technical limits, cultural rifts, and power struggles will shape Bitcoin’s future. Enjoy!

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Timestamps:(00:00) Introduction

(02:06) Bitcoin’s BIP-444 Battle

(07:11) The Legal & Moral Dilemma

(10:22) How Would It Activate?

(17:57) The Community Divide

(28:18) FG Trailer

(29:30) History Repeats Itself

(53:06) Culture Wars in Bitcoin

(1:00:34) Forking & Freedom

(1:13:04) The Next Bitcoin Fork?

(1:28:58) Final Thoughts

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Disclaimer: Nothing said on Supply Shock is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are opinions, not financial advice. Hosts and guests may hold positions in the companies, funds, or projects discussed.

#Bitcoin #Crypto #SupplyShock

In this episode, Boaz Sobrado joins the show to unpack Bitcoin’s toughest October in a decade, how institutional traders may be flipping traditional market narratives, and the exchange shifts reshaping crypto. We also discuss the rise of corporate Bitcoin adoption, strategic government reserves, Square’s renewed push for Bitcoin payments, and if this cycle is truly different. Enjoy!

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Supply Shock Newsletter: https://blockworks.co/newsletter/supplyshock

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Timestamps:

(00:00) Introduction

(00:57) Bitcoin’s Worst October Ever?

(04:50) Is this the End of the Cycle?

(06:51) Exchange Shakeups

(10:23) CME Overtaking Crypto Natives

(14:23) The Blending of Exchanges

(16:08) Tokenized Assets & the ICO Revival

(21:57) FG Trailer

(23:09) Corporate Bitcoin Adoption

(28:19) The Global Regulatory Chess Game

(29:53) Strategic Bitcoin Reserves & Treasury Adoption

(34:38) Square Pushing BTC as Money

(40:26) Is this Time Different?

(42:34) Final Thoughts

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Disclaimer: Nothing said on Supply Shock is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are opinions, not financial advice. Hosts and guests may hold positions in the companies, funds, or projects discussed.

#Bitcoin #Crypto #SupplyShock

In this episode, Rizzo & Joakim Book break down the latest in Bitcoin and crypto: from the market crash and Polymarket’s NYSE deal, to the U.S. government’s Bitcoin seizures, growing dominance of stablecoins, and Bitcoin’s four-year cycle. Enjoy!

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Timestamps:

(00:00) Introduction

(02:31) Prediction Markets & Polymarket

(07:00) Government Shutdown & Bitcoin’s Role

(12:18) Bitcoin Seizures & Reserves

(16:20) Bitcoin’s ATH & Sentiment

(20:13) Mainstream Media Bitcoin Narratives

(21:29) FG Trailer

(22:51) Mainstream Media Bitcoin Narratives

(25:14) Politics & Crypto on the Global Stage

(32:29) Stablecoins & Tether’s Dominance

(38:53) Bitcoin’s Four-Year Cycle Debate

(41:17) Final Thoughts

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Disclaimer: Nothing said on Supply Shock is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are opinions, not financial advice. Hosts and guests may hold positions in the companies, funds, or projects discussed.

#Bitcoin #Crypto #SupplyShock

In this episode, Paul Sztorc joins to break down the evolving politics of Bitcoin development from user vs. developer control to the failures of Lightning, the role of dissenting implementations, and the long-term challenges of security and fees. It’s a wide-ranging discussion on the future of Bitcoin’s growth, governance, and survival. Enjoy!

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Timestamps:

(00:00) Introduction

(01:32) Bitcoin v30 & Development Battles

(06:33) Lightning Network Under Fire

(09:32) The Problems with Bitcoin Core

(17:18) Relay Policy & Transaction Incentives

(21:19) Competing Bitcoin Cultures & Implementations

(35:57) Who Really Controls Bitcoin: Users or Miners?

(38:25) SegWit & the Scaling Wars

(41:45) Power of Users in Bitcoin’s Direction

(45:19) Innovation & Challenges Driving Bitcoin’s Evolution

(50:45) Security, Fees, & Long-Term Sustainability

(53:37) Bitcoin vs Gold: What Money Should Be

(56:55) Why Compatibility is Bitcoin’s Hidden Strength

(1:00:32) Final Thoughts

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Disclaimer: Nothing said on Supply Shock is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are opinions, not financial advice. Hosts and guests may hold positions in the companies, funds, or projects discussed.

#Bitcoin #Crypto #SupplyShock