PBJ

0:00 Welcome to the Presidio Bitcoin Jam.

1:55 Bitchat, Bitechat, and submitting to the App Store.

8:38 Publishing free and open source applications.

15:15 Does this get us back to the Delete IP debate?

22:17 What will the future look like, bringing together a Chatbot, GitHub, App Stores, and Nostr?

28:39 How to use Bitchat and why we think it's so cool.

33:25 How is this different from Google Buzz or Clubhouse? Will the initial spark fade?

37:16 Bitchat stealthily became the most used Nostr app.

43:58 Other use-cases for Bitchat and as a development platform.

47:53 Thoughts on how to make Bitchat successful and prevent feature crowding.

53:10 Revisiting Stablecoins & Layer 1s from Stripe and Circle. Did Tether on Tron already win?

57:04 How might the banks like JPMorgan react to stablecoins? Is interoperability a necessity?

1:06:10 We still need a Lightning network bridge with the rest of crypto?

1:16:05 How would you even think through how to launch a stablecoin?

1:18:32 Is Strategy's STRC a threat to Tether or cash-backed stablecoins?

1:27:43 If you were a lending platform, would you try to stop people from taking BTC loans to buy more BTC?

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0:00 Airports, Power Outages, Nik Bhatia at PB.

4:01 After 4.5 years of development, Block unveils the new Proto Mining Chip.

13:00 Proto's new open source mining fleet management software and approach.

19:14 Proto's modular approach could unleash new mining form factors and applications.

24:25 Open source mining hackathon at Presidio Bitcoin?

30:10 Estimating the mining hardware market size.

35:59 Update on Stratum V2 adoption.

44:16 Comparing Proto to other market options and what to look for.

50:20 Revisiting Steak n Shake and paying in bitcoin.

51:34 Potential to make a solar-powered mining setup.

1:01:32 Google Play bans self-custodial wallets in the Play Store. A well-intended mistake?

1:12:41 Creating a new form factor for personal devices and how we interact with the internet. 1:21:06 Unpacking Circle and Stripe's new corporate chains.

1:31:31 What's the value Stripe and Circle expect to accrue by launching these chains?

SHOWNOTES:

https://fork.lol/

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0:00 Is bitcoin the pirates or the navy?

5:30 With in-kind transactions, is it attractive or worrying to put self-custody coins into the ETFs? 10:58 What happens if bitcoin payments don't take off and block space isn't filled.

16:11 Breaking down the way bitcoin fees work

20:00 Bitcoins security budget; how much is needed and how it works. Is there a flaw?

26:16 Do all bitcoin investors need to care about and pay for security? Exploring three potential solutions.

30:26 Funding economists to work on bitcoin

36:28 Why we think a tail emissions as a solution is not practical

45:38 If bitcoin replaces SWIFT does that create enough transactions to support the network? 52:41 E-cash, lightning, spark, etc taking off would be great for bitcoin

54:38 Reasons to use bitcoin will continue to be created and grow

57:50 How hashrate is related to the price of bitcoin

1:03:53 Data centers are moving to a demand response model, such as Google's latest deal

1:07:48 How data centers are pulling this off and what it could mean for bitcoin miners

1:12:05 How much infrastructure can you take completely off-grid?

1:18:05 Online Safety Act in the UK and KYC'ing basic internet access

1:25:56 How to solve for the need for proof of human

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0:00 PBJ is just an extension of conversations around Presidio Bitcoin, which makes this show so fun for us every week. Updates on pull ups, bowling, and DK walking 25K steps a day.

7:35 Max's request for a simple meme generator with Zaps.

9:48 How Bitchat works, the latest vibe-coded app from Jack Dorsey, and how we're using it.

15:40 Use-cases and applications of Bitchat, and how to make the user experience better.

21:19 Discussing how the mesh network of Bitchat works and the history of proximity messaging. 28:22 Proof of personhood using Nostr NIP17 with Bitchat vs. Worldcoin's approach.

33:10 Exploring payment forms and Calle's POV from Citadel Dispatch's latest episode.

38:27 Is Bitchat an app or a protocol? Exploring the mechanics and connectivity.

46:47 Achieving what Helium is pursuing without the token.

50:40 The more the old internet gets KYC'd the greater the value for tools like Nostr, Bitchat, etc.

52:45 Anonymity and design explorations for Bitchat - something to explore at Bitcoin Design Week at PB.

1:01:04 Three of the companies Max would love to fund are a marketplace for bandwidth, extension. of local bitcoins over Bitchat, infrastructure to deploy off-grid hotspots.

1:03:37 Payments without internet connection, trust-less transactions, and slapping people with fish.

1:06:28 Bitcoin backed local currencies?

1:12:09 In-kind bitcoin ETF redemptions from the SEC are now approved.

1:19:00 MicroStrategy Earnings call, Lyn Alden's question to Saylor, and STRC as the new savings account.

1:25:18 Are there risks to bitcoin if there is too much treasury company adoption?

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0:00 Music, running Baker Beach, pullups @ PB

7:09 Matt's live vibe coding demo at Builder meetup.

10:28 Vibe coding/prompting; as entertainment, Bitcoin stack, product ideas.

21:46 Builder meetup recap and future ideas, Bitcoin-based voting.

29:25 Goose; open source AI agent for coding by Block - get a grant and come work at PB!

40:42 Strategy's (MSTR) path to the most valuable company in the history of the world.

45:53 Strategy's (MSTR) STRC as a stablecoin play and implications.

50:40 Tokenization of MSTR instruments.

55:14 Stablecoin competitive landscape - Strategy checkmate move?

1:03:39 Bitcoin as a capital asset vs currency for everyday payments - vectors for capture.

1:11:58 2 year window before decentralization window closes? Centralization traps for Bitcoin holders.

1:16:24 Without use as everyday money, Bitcoin loses a lot of its long-term value? Treasury company catch-22.

1:22:12 Lightning payments increasing vs. ETFs/Treasury companies destroying demand for block space.

1:25:41 Long-term security solutions? Tail emissions from quantum vulnerable coins? Degens to the rescue?

1:31:00 Optimistic outlook on people building new things on Bitcoin

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0:00 Recapping the Quantum Bitcoin Summit at Presidio Bitcoin!

9:02 Is the 5-year quantum timeline too soon, or is it more like 15-20?

13:21 Quantum decisions that need to be made.

19:11 One simple takeaway is to not reuse addresses.

22:35 No matter the path, are we violating a right?

28:52 Discussing the hourglass proposal.

36:55 Is the recursive fear of quantum a greater risk than quantum itself?

42:51 What are these new AI companions?

56:52 Max's take on AI and mining energy convergence.

1:04:03 The big story happening in energy right now.

1:10:53 How bitcoin mining can support the buildout of the next energy grid.

1:17:09 Should we be reframing bitcoins performance from dollars to gold?

SHOWNOTES:

Bitcoin is Key to an Abundant, Clean Energy Future: https://squareup.com/us/en/press/bcei-white-paper

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0:00 Complexity research, dehydration, and road trips.

4:40 Bitcoin venture capital landscape and Ego Death's new $100 million fund.

12:12 What startups and products should be built.

17:25 Exploring products and jobs that can be built using Nostr.

21:32 Creating a list of products we want to see and bring to the monthly Builder Meeting at PB.

29:52 How compromises on centralization can change throughout the tech stack.

36:36 The Skibidi project and new phases of being culturally in-tune.

47:51 Attention spans, connectivity, and the new luxuries.

49:49 Can we make an open source version of thinking in the AI age?

1:03:55 80,000 bitcoin on the move!

1:11:55 New bitcoin attack angle brewing from Solomon Brothers?

1:18:39 Topics and questions we looking forward to answering at the Quantum Bitcoin Summit.

1:24:23 IMF blocks Pakistan to mine bitcoin.

1:27:16 Robinhood listing OpenAI stock?

SHOW NOTES:

pbquantum.com

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0:00 Pull-up bars, hanging, & news from around Presidio Bitcoin.

5:45 Recapping the first ₿uilder meetup. What we learned if you want to replicate it in your city.

20:28 Bitcoin, stablecoins, micropayments, and attention being the currency of the web.

26:05 Are the frictions from micropayments human-driven?

32:20 Does a solution already exist with Nostr and Alby?

37:00 If this is a solution, why don't credit cards exist in a browser extension in this same way today?

47:26 Why Max is so excited about an open payment system, like Bitcoin.

53:32 Is the biggest driver for bitcoin its ubiquity, where stablecoins are vast?

57:27 Building the bridges between stablecoins and bitcoin without a CEX.

1:13:02 You can now get a mortgage from Fannie Mae using your bitcoin!

1:18:20 Proving Bitcoin ownership for loans (self-custody, time locks)

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0:00 Max and Steve talk hoops.

5:50 The new design and product meetup, ₿uilder, expands!

12:30 Max orange pilling Silicon Valley: Saylor, Stablecoins, Bitcoin Network.

15:58 Design week at PB reimagining bitcoin into tech companies.

21:50 Can using open protocols be the easiest way to vibe code? Unpacking Karpahy's recent talk.

31:46 Bitcoin node as an MCP server for agent bitcoin payments?

36:51 Can a weekend project replace some legacy technology platforms?

38:33 The format of a socratic seminar, such as BitDevs, LitDevs, and ₿uilder.

49:21 Stratum V2 and mining profitability.

1:09:00 Block and job latency improvements with Stratum V2

1:11:03 What is block hijacking?

1:13:35 How hard is it to select your own block template?

1:16:01 Native Stratum V2 for Asics and firmware.

1:18:48 What it would take to make your own Stratum V2 pool.

1:26:01 Mining dynamics deep dive: miners, pools, fees, FPPS, and block templates.

NOTES:

Stratum V2: Stratumprotocol.org

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This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit presidiobitcoin.substack.com

0:00 Welcome to the show!

2:24 The bitcoin capital vacuum and interaction with other singularities.

6:58 A bitcoin standard will change capital structures (equity vs debt financing).

10:35 Acceleration of product market fit and the implications for capital allocation.

21:13 Vibe coding comes to video with Veo 3. Can it invert the product development process?

25:45 What will still be scarce as costs trend toward zero?

32:17 The value of authenticity when signing with a private key.

36:03 Revisiting proof of personhood - is there a compelling use-case?

39:30 Was the initial distribution of bitcoin fair?

48:31 Is concentration in early adopters a point of contention or a natural outcome?

53:30 Revisiting equity vs. debt.

59:39 We want a vibe coded music maker.

1:04:18 Building a Nostr bot using Lightning.

1:13:55 We already see examples of how a deflationary currency would work.

1:19:05 A new monthly meetup at Presidio Bitcoin: ⁨₿uilders.

1:25:26 Home equity to buy bitcoin with Horizon and Sovana.

1:33:22 Saylor will eventually buy Boeing???

1:36:46 How Max changed his mind on Saylor and Strategy.

FOLLOW:

Presidio Bitcoin: https://x.com/presidiobitcoin

Steve: https://x.com/moneyball

Max: https://x.com/maxawebster

DK: https://x.com/dksf

This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit presidiobitcoin.substack.com