In this episode, Janusz joins the show to discuss the growing tension in the Bitcoin community over layer two (L2) scaling, especially around rollups like Citrea. We also unpack a proposed change to the OP_RETURN limit, the ideological split between Bitcoin core devs and cultural purists (aka "filters"), and the implications for Bitcoin’s long-term scalability and security models. Enjoy!

—

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

—

Join us at Permissionless IV June 24th - 26th. Use code SUPPLY10 for 10% OFF! https://blockworks.co/event/permissionless-iv

—

Core is the Bitcoin Everything Chain—unlocking trustless Bitcoin Staking to power the future of Bitcoin DeFi.

Core empowers Bitcoin holders to earn secure, sustainable yield while retaining full control of their assets.

Start staking your Bitcoin and earn real yield: https://stake.coredao.org/blockworks

—

Timestamps:

(00:00) Introduction

(01:45) Bitcoin Debate: L2s, Citrea & Rollups

(14:56) Core Ad

(23:22) The Case for Citrea

(29:32) Growing the Bitcoin Economy

(33:51) Bitcoin Fees & Security

(40:11) Core Ad

(43:56) Babylon, Staking & Economic Security

(01:00:02) Spark Network and State Chains

(01:03:33) Comparing Spark and Lightning Networks

(01:09:03) Future Prospects and Industry Trends

—

Disclaimer: Nothing discussed on Supply Shock should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.

In this episode, Guy Malone and Adam Simecka join the show to discuss Roswell, New Mexico starting a strategic Bitcoin reserve, Bitcoin’s role in local governance, and how Roswell is approaching its Bitcoin custody. We also delve into building the new Fort Knox, Adam’s history in Bitcoin, and more. Enjoy!

—

Follow Guy: https://x.com/RichNFrenz

Follow Adam: https://x.com/AdamSimecka

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Join Supply Shock Telegram: https://t.me/+SpmLg6P_QcgxNDcx

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

—

Join us at Permissionless IV June 24th - 26th. Use code SUPPLY10 for 10% OFF! https://blockworks.co/event/permissionless-iv

—

Core is the Bitcoin Everything Chain—unlocking trustless Bitcoin Staking to power the future of Bitcoin DeFi.

Core empowers Bitcoin holders to earn secure, sustainable yield while retaining full control of their assets.

Start staking your Bitcoin and earn real yield: https://stake.coredao.org/blockworks

Ledger, the global leader in digital asset security, proudly sponsors Supply Shock. As Bitcoin adoption grows, Ledger celebrates 10 years of securing over 20% of the world’s crypto. Buy a LEDGER™ device now for true self-custody and peace of mind in securing your Bitcoin. Devices are also available in Bitcoin orange. For every device ordered in BTC Orange, we’ll donate $5 to brink.dev. Buy now at https://Ledger.com.

—

Timestamps:

(00:00) Introduction

(02:14) Roswell Embraces Bitcoin Reserve

(08:42) Legal and Practical Challenges

(10:33) Ads (Core, Ledger)

(11:57) Legal and Practical Challenges

(14:50) Inspiration for Bitcoin Donation

(18:17) Building off of Roswell’s Bitcoin Reserve

(20:09) Understanding Permissionless Donations

(21:56) Ads (Core, Ledger)

(23:22) Bitcoin's Role in Local Governance

(25:43) Strategic Bitcoin Reserves and Property Taxes

(30:19) Future of Bitcoin in Government

(32:15) Adam’s Intro to Bitcoin

(34:12) Roswell’s Bitcoin Custody & Security

(38:06) The New Fort Knox

—

Disclaimer: Nothing discussed on Supply Shock should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.

In this episode, Rob Hamilton of Anchorwatch joins the show to discuss his company serving Bitcoin insurance to individuals and businesses, the corporate adoption narrative dominating this cycle, and the insurance and custody challenges for corporations holding Bitcoin. We also delve into shifting culture and values in crypto, whether the financialization of Bitcoin is a good thing, mapping the Bitcoin cycle top, and more. Enjoy!

—

Follow Rob: https://x.com/Rob1Ham

Follow Rizzo: https://x.com/pete_rizzo_

Follow Supply Shock: https://twitter.com/SupplyShockBW

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Join Supply Shock Telegram: https://t.me/+SpmLg6P_QcgxNDcx

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

—

Join us at Permissionless IV June 24th - 26th. Use code SUPPLY10 for 10% OFF! https://blockworks.co/event/permissionless-iv

—

Core is the Bitcoin Everything Chain—unlocking trustless Bitcoin Staking to power the future of Bitcoin DeFi.

Core empowers Bitcoin holders to earn secure, sustainable yield while retaining full control of their assets.

Start staking your Bitcoin and earn real yield: https://stake.coredao.org/blockworks

—

Timestamps:

(00:00) Introduction

(01:43) AnchorWatch Bitcoin Insurance

(07:57) Multi-Signature Custody

(11:46) Blockchain Insurance

(13:48) Core Ad

(14:34) Bitcoin Repayments & FASB

(19:18) Corporate Bitcoin Adoption & Insurance

(24:53) Insuring All Bitcoin

(26:25) The Corporate Adoption Narrative

(33:55) Shifting Values & Culture In Crypto

(35:22) Core Ad

(36:10) Shifting Values & Culture In Crypto

(42:42) Stablecoins

(44:43) Nation State Narrative

(46:43) Is Corporate Adoption Good?

(54:27) Bitcoin Financialization

(58:48) Bitcoin Cycle Top?

—

Disclaimer: Nothing discussed on Supply Shock should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.

In this episode, Hunter Beast joins the show to discuss the quantum threat to Bitcoin, his BIP-360 proposal to address the existential problem, and the spectrum of Bitcoiners that are more or less vulnerable. We also delve into balancing Bitcoin rights and principles with crucial updates, the development process getting BIP-360 implemented before Q-Day, and more. Enjoy!

—

Follow Hunter: https://x.com/cryptoquick

Follow Rizzo: https://x.com/pete_rizzo_

Follow Supply Shock: https://twitter.com/SupplyShockBW

Follow Blockworks: https://twitter.com/Blockworks_

Join Supply Shock Telegram: https://t.me/+SpmLg6P_QcgxNDcx

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

—

Join us at Permissionless IV June 24th - 26th. Use code SUPPLY10 for 10% OFF! https://blockworks.co/event/permissionless-iv

—

Core is the Bitcoin Everything Chain—unlocking trustless Bitcoin Staking to power the future of Bitcoin DeFi.

Core empowers Bitcoin holders to earn secure, sustainable yield while retaining full control of their assets.

Start staking your Bitcoin and earn real yield: https://stake.coredao.org/blockworks

Ledger, the global leader in digital asset security, proudly sponsors Supply Shock. As Bitcoin adoption grows, Ledger celebrates 10 years of securing over 20% of the world’s crypto. Buy a LEDGER™ device now for true self-custody and peace of mind in securing your Bitcoin. Devices are also available in Bitcoin orange. For every device ordered in BTC Orange, we’ll donate $5 to brink.dev. Buy now at https://Ledger.com.

—

Timestamps:

(00:00) Introduction

(01:35) The Quantum Threat to Bitcoin

(05:33) Pre vs Post-Quantum Cryptography

(10:25) The Big Threat of Quantum

(12:17) Ads (Core, Ledger)

(13:42) BIP-360

(20:06) Spectrum of Vulnerability

(27:32) Q-Day Emergency

(30:52) Quantum Recovery Proposals

(34:03) Ads (Core, Ledger)

(35:30) Quantum Recovery Proposals (Cont'd)

(37:34) Securing Bitcoin Property Rights

(43:20) Sometimes Bitcoin Needs to Change

(45:18) Balancing Crucial Updates with Core Principles

(53:00) Bitcoin’s Social Contract & Soft Forks

(57:11) BIP-360 & the Bitcoin Development Process

(01:07:41) Learn More About Hunter

—

Disclaimer: Nothing discussed on Supply Shock should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.

This week, Rizzo and Nolan discuss Cantor, SoftBank, Tether and Jack Mallers teaming up to create a competitor to Strategy and the vision for their new company Twenty One. We also delve into the shifting focus in Bitcoin from Main Street to Wall Street, the narrative dominating this cycle, and more. Enjoy!

—

Follow Nolan: https://x.com/countbtc

Follow Michael: https://x.com/mpmcsweeney

Follow Rizzo: https://x.com/pete_rizzo_

Follow Supply Shock: https://twitter.com/SupplyShockBW

Follow Blockworks: https://twitter.com/Blockworks_

Join Supply Shock Telegram: https://t.me/+SpmLg6P_QcgxNDcx

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

—

Join us at Permissionless IV June 24th - 26th. Use code SUPPLY10 for 10% OFF! https://blockworks.co/event/permissionless-iv

—

Core is the Bitcoin Everything Chain—unlocking trustless Bitcoin Staking to power the future of Bitcoin DeFi.

Core empowers Bitcoin holders to earn secure, sustainable yield while retaining full control of their assets.

Start staking your Bitcoin and earn real yield: https://stake.coredao.org/blockworks

Ledger, the global leader in digital asset security, proudly sponsors Supply Shock. As Bitcoin adoption grows, Ledger celebrates 10 years of securing over 20% of the world’s crypto. Buy a LEDGER™ device now for true self-custody and peace of mind in securing your Bitcoin. Devices are also available in Bitcoin orange. For every device ordered in BTC Orange, we’ll donate $5 to brink.dev. Buy now at https://Ledger.com.

—

Timestamps:

(00:00) Introduction

(01:42) Cantor Joins SoftBank & Tether

(05:58) Competing With Strategy

(09:13) Company Details

(12:47) Masayoshi Son

(15:35) Ads (Core, Ledger)

(17:00) Twenty One’s Plan & Vision

(26:04) Superior Vehicle To MSTR?

(33:56) Ads (Core, Ledger)

(35:23) Wall Street Over Main Street?

(44:55) The New Cycle Narrative

(51:29) Final Thoughts

—

Disclaimer: Nothing discussed on Supply Shock should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.

In this episode, James O'Beirne joins the show to discuss the core theoretical and developer problems Bitcoin needs to address, the evolving vision for Bitcoin, and how the modern day crypto ecosystem grew from Bitcoin limitations and experimentation. We also delve into the leadership problem in Bitcoin, the hostile approach to Bitcoin developers and upgrades, and more. Enjoy!

—

Follow James: https://x.com/jamesob

Follow Rizzo: https://x.com/pete_rizzo_

Follow Supply Shock: https://twitter.com/SupplyShockBW

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Join Supply Shock Telegram: https://t.me/+SpmLg6P_QcgxNDcx

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

—

Join us at Permissionless IV June 24th - 26th. Use code SUPPLY10 for 10% OFF! https://blockworks.co/event/permissionless-iv

—

Bitcoin DeFi is here. Stake, bridge, swap and earn real yield on Core - Bitcoin’s consumer chain and staking layer.

Join Ignition and get onchain: https://ignition.coredao.org/blockworks

Stake your Bitcoin with Core: https://stake.coredao.org/blockworks

Ledger, the global leader in digital asset security, proudly sponsors Supply Shock. As Bitcoin adoption grows, Ledger celebrates 10 years of securing over 20% of the world’s crypto. Buy a LEDGER™ device now for true self-custody and peace of mind in securing your Bitcoin. Devices are also available in Bitcoin orange. For every device ordered in BTC Orange, we’ll donate $5 to brink.dev. Buy now at https://Ledger.com.

—

Timestamps:

(00:00) Introduction

(01:32) Inside Bitcoin Development

(06:39) Evolution of Bitcoin Development

(11:41) Bitcoin Problem Solving

(17:54) Ads (Core, Ledger)

(19:08) Bitcoin Problem Solving

(24:41) The Evolving Vision for Bitcoin

(30:51) Bitcoin Experimentation & the Crypto Ecosystem

(40:09) Ads (Core, Ledger)

(41:30) Bitcoin Leadership Problem

(47:25) Attack Against Developers

(53:06) Embracing Bitcoin’s Core Purpose

(58:24) OP_CAT & CTV/CSFS

(01:03:34) Revisiting Bitcoin Block Size

(01:08:15) How to Measure Bitcoin Success

(01:12:35) Bitcoin Security

(01:13:57) The Problem with the Problems

(01:19:38) Join Us At Permissionless

—

Disclaimer: Nothing discussed on Supply Shock should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.

This week, we discuss China and Asia reevaluating their crypto policy, McDonald’s shareholders pushing for Bitcoin Treasury plans, and Trump & El Salvador President Bukele meeting at the White House. We also delve into Trump’s newest crypto venture, and the Supreme Court ruling allowing Trump to fire head’s of independent agencies, and more. Enjoy!

—

Follow Nolan: https://x.com/countbtc

Follow Michael: https://x.com/mpmcsweeney

Follow Rizzo: https://x.com/pete_rizzo_

Follow Supply Shock: https://twitter.com/SupplyShockBW

Follow Blockworks: https://twitter.com/Blockworks_

Join Supply Shock Telegram: https://t.me/+SpmLg6P_QcgxNDcx

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

—

Join us at Permissionless IV June 24th - 26th. Use code SUPPLY10 for 10% OFF! https://blockworks.co/event/permissionless-iv

—

Bitcoin DeFi is here. Stake, bridge, swap and earn real yield on Core - Bitcoin’s consumer chain and staking layer.

Join Ignition and get onchain: https://ignition.coredao.org/blockworks

Stake your Bitcoin with Core: https://stake.coredao.org/blockworks

—

Timestamps:

(00:00) Introduction

(02:37) Evolving China & Asia Crypto Policy

(11:54) Should McDonald’s Buy Bitcoin?

(16:07) Core Ad

(16:42) Should McDonald’s Buy Bitcoin? (Con't)

(21:47) Bukele & Trump Meet

(25:37) State Bitcoin Adoption

(27:42) Bukele & Trump Meet Pt.2

(32:25) Core Ad

(33:07) Trump’s New & Past Crypto Ventures

(42:56) Is the Trump Admin Good For Crypto?

(47:58) Trump Taking Power Over Independent Agencies

(57:44) Final Thoughts

—

Disclaimer: Nothing discussed on Supply Shock should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.

In this episode, Grant McCarty of the Bitcoin Policy Institute joins the show to discuss his early political engagements and origins of BPI, challenges and opportunities around implementing crypto legislation, and the Strategic Bitcoin Reserve. We also delve into advancing Bitcoin as a debt instrument, the evolving political landscape, and more. Enjoy!

—

Follow Grant: https://x.com/grant_mccarty

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Follow Blockworks: https://twitter.com/Blockworks_

Join Supply Shock Telegram: https://t.me/+SpmLg6P_QcgxNDcx

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

—

Join us at Permissionless IV June 24th - 26th. Use code SUPPLY10 for 10% OFF! https://blockworks.co/event/permissionless-iv

—

Bitcoin DeFi is here. Stake, bridge, swap and earn real yield on Core - Bitcoin’s consumer chain and staking layer.

Join Ignition and get onchain: https://ignition.coredao.org/blockworks

Stake your Bitcoin with Core: https://stake.coredao.org/blockworks

Ledger, the global leader in digital asset security, proudly sponsors Supply Shock. As Bitcoin adoption grows, Ledger celebrates 10 years of securing over 20% of the world’s crypto. Buy a LEDGER™ device now for true self-custody and peace of mind in securing your Bitcoin. Devices are also available in Bitcoin orange. For every device ordered in BTC Orange, we’ll donate $5 to brink.dev. Buy now at https://Ledger.com.

Need liquidity without selling your Bitcoin? For 6+ years, Ledn has been the trusted choice for Bitcoin-backed lending. With transparency, security, and trust at our core, we help you access your BTC’s wealth while HODLing. Discover what your Bitcoin can do at https://ledn.io/borrowing.

—

Timestamps:

(00:00) Introduction

(01:20) Founding the Bitcoin Policy Institute

(03:43) Early Political Engagements

(07:52) Strategic Bitcoin Reserve

(13:05) Policy Implementation and Challenges

(13:54) Ads (Core, Ledger, Ledn)

(15:27) Policy Implementation and Challenges (Con't)

(27:21) Ads (Core, Ledger, Ledn)

(29:26) Broader Cryptocurrency Legislation

(32:34) SBR & Crypto Legislation

(37:30) Bit Bonds & Advancing Bitcoin Debt

(45:54) The Political Landscape and Bitcoin

(48:40) Reflections on Politics and Bitcoin Advocacy

(51:26) Conclusion and Future Outlook

—

Disclaimer: Nothing discussed on Supply Shock should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.

In this episode, inventor of blockchain Scott Stornetta joins the show to discuss developing the first digital timestamping system, the key innovations and limitations of Bitcoin’s design, and why Bitcoin has not yet succeeded as real money. We also delve into his critique of proof-of-work, his thoughts on other crypto projects like Ethereum, stablecoins, the importance of creating a digital identity system, and more. Enjoy!

—

Follow Scott: https://x.com/ScottStornetta

Follow Rizzo: https://x.com/pete_rizzo_

Follow Supply Shock: https://twitter.com/SupplyShockBW

Follow Blockworks: https://twitter.com/Blockworks_

Join Supply Shock Telegram: https://t.me/+SpmLg6P_QcgxNDcx

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

—

Join us at Permissionless IV June 24th - 26th. Use code SUPPLY10 for 10% OFF! https://blockworks.co/event/permissionless-iv

—

Bitcoin DeFi is here. Stake, bridge, swap and earn real yield on Core - Bitcoin’s consumer chain and staking layer.

Join Ignition and get onchain: ignition.coredao.org/blockworks

Stake your Bitcoin with Core: stake.coredao.org/blockworks

Ledger, the global leader in digital asset security, proudly sponsors Supply Shock. As Bitcoin adoption grows, Ledger celebrates 10 years of securing over 20% of the world’s crypto. Buy a LEDGER™ device now for true self-custody and peace of mind in securing your Bitcoin. Devices are also available in Bitcoin orange. For every device ordered in BTC Orange, we’ll donate $5 to brink.dev. Buy now at Ledger.com.

Need liquidity without selling your Bitcoin? For 6+ years, Ledn has been the trusted choice for Bitcoin-backed lending. With transparency, security, and trust at our core, we help you access your BTC’s wealth while HODLing. Discover what your Bitcoin can do at ledn.io/borrowing.

—

Timestamps:

(00:00) Introduction

(01:53) Discovering the Bitcoin White Paper

(03:34) The Foundations of Digital Timestamping

(07:00) The Evolution of Blockchain and Bitcoin

(14:43) Ads (Core, Ledger, Ledn)

(16:17) The Evolution of Blockchain and Bitcoin (Con't)

(17:46) Challenges and Criticisms of Bitcoin

(22:27) The Cypherpunks and Digital Cash

(29:42) The Future of Blockchain Technology

(39:16) Scaling Bitcoin

(42:20) Bitcoin's Economic Value and Success

(47:24) Ads (Core, Ledger, Ledn)

(49:30) The Role of Stablecoins and Future Cryptocurrencies

(01:06:43) Identity and Blockchain

(01:14:43) Reflections on Blockchain's Impact and Future

—

Disclaimer: Nothing discussed on Supply Shock should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.

This week, we discuss whether we’re in a bull or bear market, Circle preparing for an IPO, and Fidelity giving the green light to crypto retirement investments. We also delve into GameStop buying Bitcoin, Eric Trump launching his American Bitcoin mining business, and more. Enjoy!

—

Follow Austin: https://x.com/KeepM3Weird

Follow Nolan: https://x.com/countbtc

Follow Rizzo: https://x.com/pete_rizzo_

Follow Supply Shock: https://twitter.com/SupplyShockBW

Follow Blockworks: https://twitter.com/Blockworks_

Join Supply Shock Telegram: https://t.me/+SpmLg6P_QcgxNDcx

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

—

Join us at Permissionless IV June 24th - 26th. Use code SUPPLY10 for 10% OFF! https://blockworks.co/event/permissionless-iv

—

Bitcoin DeFi is here. Stake, bridge, swap and earn real yield on Core - Bitcoin’s consumer chain and staking layer.

Join Ignition and get onchain: ignition.coredao.org/blockworks

Stake your Bitcoin with Core: stake.coredao.org/blockworks

Ledger, the global leader in digital asset security, proudly sponsors Supply Shock. As Bitcoin adoption grows, Ledger celebrates 10 years of securing over 20% of the world’s crypto. Buy a LEDGER™ device now for true self-custody and peace of mind in securing your Bitcoin. Devices are also available in Bitcoin orange. For every device ordered in BTC Orange, we’ll donate $5 to brink.dev. Buy now at Ledger.com.

Need liquidity without selling your Bitcoin? For 6+ years, Ledn has been the trusted choice for Bitcoin-backed lending. With transparency, security, and trust at our core, we help you access your BTC’s wealth while HODLing. Discover what your Bitcoin can do at ledn.io/borrowing.

—

Timestamps:

(00:00) Introduction

(00:49) Bull vs Bear Market Debate

(06:56) GameStop and Companies Buying Bitcoin

(09:50) Bitcoin as a Store of Value

(13:51) Space Adventures of Bitcoin Pioneers

(14:10) Ads (Core, Ledger, Ledn)

(15:43) Space Adventures of Bitcoin Pioneers (Con't)

(21:07) Upcoming Circle IPO

(24:21) Stablecoins Akin to the Printer?

(27:41) Stablecoins & Geopolitical Implications

(35:09) Ads (Core, Ledger, Ledn)

(37:14) Bitcoin in Retirement Accounts: A Bullish Move?

(41:36) The De-Banking Phenomenon and Its Impact

(48:26) The Future of Bitcoin Mining in the US

(53:23) Final Thoughts

—

Disclaimer: Nothing discussed on Supply Shock should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.