The sentiment lately has been total garbage. We’re deep in a bear market, the red candles are stacking up, and people are getting nervous. So, I got the guys back around the table to ask a really uncomfortable question: what happens if Bitcoin actually dies?

We keep things pretty casual but talk through some heavy stuff. We debate the real dangers of leverage, the bizarre obsession with paper Bitcoin equities, and the petty developer drama surrounding mining protocols. Along the way, we come back to why many of us are still effectively all in on Bitcoin, and it's definitely not just for the price. Steve also drops an analogy about weathering the financial storm in the "basement", which it might completely change how you look at market crashes.

If you’re feeling the pain of this current cycle, you really need to hear where we ended up on this one.

Chapters

(00:00:00) - What if Bitcoin Dies?

(00:03:19) - Montreal news and homeless issues

(00:10:37) - Mechanic's update: BIP 110 and network

(00:12:11) - Critiquing Saylor, MSTR and Bitcoin ethos

(00:20:59) - Leverage and state centralization risks

(00:26:09) - Stratum V2 vs Datum decentralization

(00:38:35) - Decentralized hash rate marketplace

(00:49:10) - BIP 110 activation and exchange policies

(00:56:42) - Taproot key vs script spends analysis

(01:05:11) - Bear market sentiment and new Bitcoiners

(01:12:10) - Productivity, hope and social change

(01:29:16) - Why Bitcoin as the only truth

(01:47:59) - Bitcoin as ethical money and liberty

(01:55:25) - Outro

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