You were told to trust the science. You were never allowed to check it. There is exactly one product in America you can't sue when it harms you — and its safety trials can be a joke, precisely because no one is ever forced to answer for them. That's not a conspiracy. It's an incentive structure. Remove liability, and you remove the reason to be careful. Who audits the people who decide what's "safe" — and what happens when you're not allowed to? @AaronSiriSG, the most consequential vaccine litigator in America and the lawyer behind the legendary 9-hour deposition of Dr. Stanley Plotkin, the "godfather of vaccines," came on to point this show's one question at a different cathedral, in plain English: how a custody case led to that deposition, the Hepatitis B shot he says was licensed on 147 kids with five days of monitoring and no control group, the 1986 law he calls "the original sin" that made vaccine makers un-sueable, the Ford Pinto and what punitive damages actually do, informed consent vs. the right to refuse, whether vaccines stop transmission, and the measles-mortality data almost no one talks about. Not medical advice. This is his case, at full strength — form your own conviction. Send this to anyone who was told to trust the science but never allowed to check it. TIMESTAMPS: 0:00 Welcome + cold open: "What is real?" 0:24 Intro & disclaimer: not medical advice 1:57 How the Stanley Plotkin deposition happened 3:38 From Goldman Sachs to the largest non-pharma vaccine practice 5:00 Prep: treat a vaccine like any other product 8:27 Plotkin's conflicts of interest (Merck, Pfizer, Sanofi, GSK) 11:00 The Hep B trial: 147 kids, 5 days, no control group 18:20 The reveal: Plotkin was the trial's principal investigator 23:45 1986: the "original sin" of vaccine liability 33:48 The Ford Pinto & punitive damages 36:54 Sponsors 38:34 Informed consent vs. the right to refuse 47:51 Do vaccines stop transmission? Pertussis & the pulled ad 55:00 Measles & polio: the mortality-decline argument 1:03:57 Individual rights, COVID & where we are now 1:09:24 Where to find Aaron 1:12:11 Outro Hosted by @cedyoungelman Powered by @Stamp_Seed and @firefish_io

@_BitcoinMatrix #286: @hodlonaut - The Fight for Bitcoin "If no one fights for Bitcoin, Bitcoin will very soon be dead." The Space Cat on the capture of Bitcoin Core, the five-year Craig Wright war, and why he's all-in on BIP-110. piped.video/watch?v=hXQGKGVS…

Watch or listen: YouTube → piped.video/watch?v=hXQGKGVS… Fountain → fountain.fm/episode/nA2htWje… Apple → podcasts.apple.com/us/podcas… Spotify → open.spotify.com/episode/1pq…

Bitcoin didn't win. Bitcoin can change. Bitcoin is changing. Bitcoin has changed. We fell in love with a thing that was set in stone, and then we bypassed the one layer that actually holds it in place: the humans. While we posted "number go up," the reference implementation was being quietly captured. If no one fights for Bitcoin, Bitcoin will very soon be dead. Who is actually running Bitcoin Core, and who is allowed to audit them? @hodlonaut, the Space Cat, the citizen journalist who told the simple truth about Craig Wright and then stood in the fire for five years over it, came on to lay out the fight consuming Bitcoin right now, in plain English: how he found Bitcoin and shepherded the Lightning Torch, what the five-year Craig Wright war taught him about choosing principles over outcome, his Capture series and how informal power over Bitcoin Core was assembled and defended, the DEI and "extractive" playbook used to shut down anyone who asked questions, why every line of code must serve monetary sovereignty, the real cost of running a node at 10x and 100x, and why he went from BIP-110 skeptic to all-in. Send this to anyone who thinks Bitcoin already won. TIMESTAMPS: 0:00 A message on ColdCard 3:17 Cold open: "What is real?" 3:34 Welcome the Space Cat, on a brutal day 4:30 An apology for promoting ColdCard 6:15 The Capture series: a Bitcoin citizen journalist 11:24 A year away, and the shock of coming back 18:38 The node runner's stake: the canary in the mine 20:58 Citadel21, Surfer Jim & the culture 23:18 Finding Bitcoin in 2013: the Pirate Bay ethos 25:51 The birth of Hodlonaut & the Space Cat 27:56 The Lightning Torch: an experiment in trust 31:21 Craig Wright's letter, the bounty & the doxxing 34:38 Nine tweets, five years: telling the truth 35:24 Lightning today & "it feels like Ethereum" 38:54 What Craig Wright taught him: principles over outcome 41:05 Trust vs verify, and its limits 44:48 How Core's power was assembled: the priesthood 49:30 The Gavin/CIA flag & full-time Core 53:10 The armor: DEI & "extractive" 57:58 What makes a good Bitcoin coder 1:00:13 "Every line of code must serve monetary sovereignty" 1:04:43 Sponsors 1:06:30 The Matt Corallo quote & the inflation-bug rehire 1:10:32 How old was Satoshi? 1:13:30 BIP-110: judge the idea, not the messenger 1:21:53 We bypassed the social layer: fight for Bitcoin 1:24:24 The real fight is the ledger & the node-cost problem 1:28:50 Why he fully supports BIP-110 now 1:33:36 The technical merits: "node runners don't matter" 1:36:10 The three buckets & why people won't engage 1:44:08 Change capital vs "this is our shot" 1:47:07 If BIP-110 fails: the fallout 1:51:30 Ossification & the anti-spam team 1:54:36 Article 4 & his July accident 1:56:00 Closing: form your own conviction 2:01:46 Outro 🎧piped.video/watch?v=hXQGKGVS… Then watch #285: Defending Bitcoin with @lukedewolf, the cybersecurity case for the same fight. 🎧piped.video/watch?v=wV-w9BxY…

Bitcoin secures over a trillion dollars in value. It has no security team. It was never finished, and it was never safe by default. Two known vulnerabilities let unlimited data flood the chain, and Bitcoin Core decided they weren't worth fixing. In cybersecurity that's called putting your head in the sand, and ignoring a risk doesn't make the risk go away. What happens when critical infrastructure has no defenders? @lukedewolf, a cybersecurity professional who spent his career defending power grids and pipelines, came on to lay out the fight consuming Bitcoin right now, in plain English: what BIP-110 actually is and why he flipped from skeptic to supporter, the CIA triad and why availability is the whole game, why spam is a DDoS and a hidden tax on everyone using Bitcoin as money, the two CVEs behind inscriptions and why he says Core "failed" to fix them, why node runners are the hodlers who really hold the power, the "intolerant minority" and the 2017 UASF precedent, soft fork vs hard fork and the URSF, and whether BIP-110 even has a failed state. Send this to anyone who thinks Bitcoin already has a security team. TIMESTAMPS: 0:00 Cold open: "Bitcoin has no security team" 0:21 Welcome: Luke de Wolf and Defending Bitcoin 2:27 From gas pipelines to critical-infrastructure security 7:49 People are the weakest link: the Stuxnet lesson 14:11 Education, accessibility, and defense in depth 18:47 Why Bitcoin is critical infrastructure: the CIA triad 24:44 Defending the shared ledger: nodes and mining 30:52 51% attacks, Ghash.io, and normalization of deviance 36:09 The real cost of running a node 42:02 What a node costs, and the chicken-and-egg problem 47:03 Spam as a DDoS: the hidden tax on Bitcoin 58:27 Sponsors 1:02:45 The two CVEs behind inscriptions 1:13:39 Difference of opinion, or an exploit? 1:20:56 Death by a thousand cuts and "six people in an office" 1:23:11 BIP-110: what it is and why he flipped 1:25:57 The Capture series, the offices, and rough consensus 1:32:47 Node runners are hodlers: economic weight 1:41:56 Sponsors 1:45:35 Chain splits and the game theory of activation 1:54:25 Why 2017 (BIP-148) was different 1:59:36 Soft fork vs hard fork: URSF and the intolerant minority 2:06:20 Consensus and the beach analogy 2:10:52 Money vs programmable money 2:16:46 Does BIP-110 have a failed state? 2:20:59 "What if they get a letter?": miner incentives 2:24:19 Pissing off both sides, and why he wrote the book 2:31:32 Act or don't act: the binary 2:35:24 Where to find Luke and Defending Bitcoin 2:38:34 Outro Hosted by @cedyoungelman Powered by @Stamp_Seed, @cluborange, and @firefish_io ▶️ piped.video/watch?v=wV-w9BxY…

Bitcoin Core won't fix it. New episode with Luke de Wolf, author of Defending Bitcoin: the two logged CVEs behind the whole fork fight, spam as an availability attack, and why he flipped on BIP-110. 🎙️piped.video/watch?v=wV-w9BxY…

You are not short on money. You are short on time. The clock is a technology. It was invented about 600 years ago, and somewhere along the way we forgot it was ever invented at all. Standardizing time turned it into a commodity that could be priced, bought and sold. Fiat came downstream of that. The first central bank arrived roughly thirty years after the pendulum clock. Is time upstream of money? @LanternBitcoin, founder of Block Rewards and author of The Age of Time, came on to lay out the argument in plain English: what the tyranny of the clock actually is, how the Prague Orloj started reshaping Western civilization, Saturn as the invisible operating system still running in the background, why we stopped building 300 year cathedrals and started building boxes, the user illusion and why your experience of right now is already on a delay, AI and the information hyperstream, and why Bitcoin's ten minute heartbeat might be the last guardrail we have. Send this to anyone who feels like they never have enough time. TIMESTAMPS: 0:00 Cold open 0:47 Meet Scott Dedels: The Age of Time 2:25 Why write a book that isn't about hard money 6:48 Li Jiang: the lantern as the first link in the chain 10:04 Prague, the Orloj, and the birth of mechanical time 12:50 "Minutes, seconds, hours: entirely made up concepts" 15:21 What life was like before coordinated time 17:27 The tyranny of the clock: Woodcock, 1944 22:52 Coordination, and what Satoshi actually solved 24:59 From the clock to fiat: "time is money" 28:00 Saturn, Kronos, and the watchmaker god 31:36 The pocket watch: time arrives on the body 34:23 Saturday, Saturnalia, and devouring the future 37:24 "Time is not neutral. It moves toward consumption." 41:24 Why most people would worry less about money 43:20 Sponsors 45:21 The many ways we experience time 49:48 Saturn logos, the cube, and the built environment 52:08 The Matrix: a system designed to disappear 53:32 Cathedrals, beauty, and civilizational memory 1:00:19 State capitols, great fires, and the world's fairs 1:06:03 Godel Escher Bach and the user illusion 1:09:50 Your experience of now is already on a delay 1:12:27 A plant medicine detour: perceiving time differently 1:19:53 Bitcoin as a different kind of external clock 1:23:09 Reading: the cathedral in cyberspace 1:25:56 Notification culture and thinking as an ancestor 1:31:24 Sponsors 1:33:21 The clock as an attack vector on deep time 1:35:33 AI, the singularity, and the information hyperstream 1:38:00 The ten minute heartbeat as a critical guardrail 1:41:32 Prediction markets and free will 1:47:49 The tattoo, intuition, and the block universe 1:54:48 Bitcoin, certainty, and the future 1:56:50 The great returning and the long human 2:02:00 "Evaluated by nodes run by descendants we will never meet" 2:09:32 From "what is time" to "what time is it" 2:15:34 Where to find Scott, the book, and Block Rewards 2:16:53 Outro Hosted by @cedyoungelman on The Bitcoin Matrix. 🎧 piped.video/watch?v=uCgzH8QS…

Tomorrow.

Bitcoin isn't finished. It's not safe by default. It can still be captured. Bitcoin Core stripped out a filter that protected the network since 2014. If the node runners lose the fight to restore it, the industry inherits Bitcoin, and a Bitcoin the industry controls is a Bitcoin the state can finally reach. Are nodes the soul of Bitcoin? @GrassFedBitcoin, a node runner's node runner, came on to lay out the fight consuming Bitcoin right now, in plain English: what BIP-110 actually is, why he says Bitcoin Core has turned hostile, the spam war over OP_RETURN, why he calls nodes "the soul of Bitcoin," who really controls the network, the "intolerant minority" and the 2017 UASF precedent, and why "21 million is a rule, and that's freedom." Send this to anyone who thinks running a node doesn't matter. TIMESTAMPS: 0:00 Intro: "What is real?" 1:03 Why he likes BIP-110: "basic maintenance" 2:09 What winning looks like: adoption + activation 5:00 What losing looks like: the industry ignores it 7:00 Where BIP-110 gets censored: Reddit, GitHub, the mailing list 8:20 The numbers: ~14,300 nodes, ~15% of the network 9:34 Coercibility & capture: are the plebs corruptible? 12:30 OCEAN, KYC & why the industry is captured by design 16:00 The "intolerant minority" & the populism critique 21:01 85% not running = a non-vote? 22:30 Taproot is "90% trash": the OP_IF exploit 30:33 Sponsors 32:59 Running full nodes: spam filters & property rights 38:00 What Core 30 ripped out, and what BIP-110 restores 42:40 "21 million is a rule. That's freedom." 48:30 "Get out of the way of the immune system" 50:48 Core 30 as the high-school bully 52:16 Does BIP-110 failing mean the death of decentralization? 59:00 The state's Eye of Sauron 1:09:37 Sponsors 1:12:37 Is BIP-110 rushed? The 12-month temporary design 1:18:47 An inauthentic movement? 1:20:41 "King Luke" & the Linus Torvalds analogy 1:24:49 Prune nodes, the tenth man & rage-quitting 1:29:06 Will miners take credit at the last minute? 1:33:00 Holding the line: closing thoughts 1:37:13 Outro Hosted by @cedyoungelman on The Bitcoin Matrix. 🎧 piped.video/watch?v=yRjzSb-g…

Tomorrow.

Buying Bitcoin is buying eggs. Mining it is owning the farm. @khalliburton explains why the coin you produce beats the coin you purchase. Kent's thesis: Bitcoin isn't one zero-to-one innovation. It's two. The second is a decentralized money printer, and with hardware, electricity, and an internet connection, anyone anywhere can print their own. The man who runs a mining company on three continents came on to explain why the day we became buyers instead of miners is the root of the centralization we're still untangling. @khalliburton, CEO and co-founder of @sazmining, a former solar and distributed-energy operator who found Bitcoin among the unbanked in Peru's Sacred Valley, joins me to lay out the case for mining your own Bitcoin in plain English: what "wild sats" are and why they're better Bitcoin, the difference between a real miner and a "hasher," how anyone can mine from home for about $5K to start, the tax write-off fueling US demand, why nation-states are now mining for sanctions immunity, the right to transact as a human right, and why he calls all of it hash punk. Send this to anyone who thinks the only way to get Bitcoin is to buy it. TIMESTAMPS: 0:00 "You get better Bitcoin when you mine it" (cold open) 1:41 Meet Kent Halliburton & Sazmining 2:23 Cranberry farms & a low-time-preference childhood 9:35 Solar, peak oil & his first taste of sovereignty 12:35 Why rooftop solar is secretly Bitcoin mining 17:44 The walkabout: around the world with no plan 21:58 Finding Bitcoin in the Sacred Valley (2015) 23:13 What the unbanked world taught him 29:34 From shitcoins to "Coinbase for mining" 33:59 Why mine instead of just buy? 34:12 Wild sats: Bitcoin straight off the protocol 35:42 How mining with Sazmining actually works 37:16 Which rig? What it costs to start ($5K) 41:03 The tax write-off fueling US demand 43:09 The math: a 12% discount on every sat 46:11 The miner's trilemma: buy when it hurts 48:26 The "can't pay your bill?" hashrate toggle 51:16 Is AI killing Bitcoin mining? 53:18 Nation-states mining for sanctions immunity 56:00 Mining the Texas grid & a wind farm 58:39 The 2013 split that broke Bitcoin mining 1:01:16 Centralization, Bitmain & the fiat miners 1:04:33 Are you a miner, or just a hasher? 1:09:35 Wild vs. custodial: the coin no one touches 1:14:02 The scariest bear market in hashrate 1:16:11 Life in the high Amazon 1:25:06 The right to transact should be a human right 1:28:02 Orange-pilling his wife (& Greta Thunberg?) 1:31:24 Rage against the machine: parenting & angst 1:36:45 Where to find Kent + $100 off your rig 1:38:43 Bitcoin against the machine: hash punk 1:40:39 Outro 🎧 piped.video/watch?v=6l6TKE_4…

Owning Bitcoin and keeping Bitcoin are two different things. An estimated 3 to 6 million coins are already gone forever. Almost none were hacked. Most just died on paper. The man who turned a 1952 metal-stamping company into one of the most trusted security tools in Bitcoin came on to explain why paper is where Bitcoin dies, and what actually survives. @hammerseed21, co-founder of @Stamp_Seed and a metal-stamper who got orange-pilled by his own Google search-term data, joins me to lay out how to actually keep your Bitcoin in plain English: why paper backups fail (fading ink, coatings, fire, water), why titanium and a single solid plate beat every alternative, single-sig vs. multisig and planning for inheritance, the wild cold-storage setups people really use (including a seed plate disguised as a rock in a backyard pond), and why procrastination, not hackers, is the biggest threat to your stack. Send this to anyone who owns Bitcoin but still has their seed phrase on a piece of paper. The Bitcoin Matrix #281 with @hammerseed21: Paper Is Where Bitcoin Dies TIMESTAMPS: 00:00 "Paper is where Bitcoin dies" (cold open) 01:21 Meet James Caruso & Stamp Seed 02:31 How a metal-stamping company found Bitcoin 03:09 Combing the search terms, Bitcoin starts showing up 06:09 Convincing the bosses & the first listing 08:34 Orange-pilling himself + the first sale 11:10 His first crypto conference & learning multisig 15:38 NK Tools to ImpressArt to Stamp Seed (1952 to today) 19:30 From side project to real brand 21:24 From Robinhood trader to Bitcoin conviction 25:12 "I used to sell on the way down, scared" 32:04 Why titanium? The engineering case 34:17 What's actually in the box (kit walkthrough) 37:38 The brass hammer & why it matters 40:46 Why paper fails: gel pens, coatings, fading ink 42:31 The resin rock in the pond (creative cold storage) 44:00 Single-sig vs. multisig & inheritance 45:00 How people mess up (and how to fix it) 47:00 No batteries, no firmware, no third-party trust 49:27 Secure your stack now, parting words 50:30 Where to find James & Stamp Seed 53:21 Outro with @CedYoungelman 🎧 The @_BitcoinMatrix #281 — piped.video/watch?v=ODTX4cW2…

Tomorrow.

📺 Live everywhere ▶️ YouTube: piped.video/watch?v=u6NUcWZx… 🎬 Rumble: rumble.com/v7b3478-tomer-str… 🍎 Apple: podcasts.apple.com/us/podcas… 🟢 Spotify: open.spotify.com/episode/5Kn… ⛲ Fountain: fountain.fm/episode/XTf7wlFu…

Bitcoin isn't a price. It's a superstate no government on earth can reach. @TomerStrolight, Bitcoin philosopher and essayist, returns for his ninth visit and reads four of his own essays start to finish, with conversation in between: "Bitcoin Is More," "Living With AI," "AI Built to Survive," and "This Is Not the End." We get into why Bitcoin is a rights-protection entity no state can touch, why "Bitcoin is for enemies," why self-custody is the entire point, how inflation's slow squeeze is finally being felt by everyone, and what we quietly surrender when we let a machine do our thinking for us. Send this to anyone who still thinks Bitcoin is just an asset. TBM #280: Bitcoin Is More with @TomerStrolight ⏱️ CHAPTERS 0:00 Trailer 1:36 📖 Tomer reads "Bitcoin Is More" 13:30 Welcome back, Tomer's 9th visit 13:51 Iran's Bitcoin toll & the bear-market mood 15:09 Freedom isn't free 16:49 Bitcoin is a superstate 18:43 Not a price, a rights-protection entity 19:53 The lethargy question 22:49 The FUD doesn't stick anymore 24:02 Calmer waters: dividend stocks, not existential fear 25:38 The toll booth, depoliticized 28:39 "Bitcoin is for enemies" 29:30 Outside the control of any state 31:17 Russia, SWIFT & the weaponized dollar 32:50 Currency should not be a weapon 33:35 We form a sub-state 34:14 Will civilization actually self-custody? 37:06 The whole point is self-custody 40:47 Property you own by knowing a secret 41:33 IBIT, pensions & "fired for AI" 42:20 AI is early: the internet analogy 44:20 The negative effects of AI 45:32 The leaders of AI: Altman vs Musk 48:43 Not superintelligence: spam, hallucination, slop 49:42 Outlook on superintelligence 52:36 Sponsor break 54:16 Does AI have its own path? (Grok this morning) 55:33 Sycophantic AI: it's not stealing your ideas 57:01 📖 Tomer reads "Living With AI" 1:03:45 "Tuesdays with Tomer" 1:05:21 Are people using AI to think for them? 1:08:54 Slop: does it break the internet? 1:10:52 Inflation: the nickel & the Snickers bar 1:13:55 Half a hamburger: getting poorer faster 1:16:42 📖 Tomer reads "AI Built to Survive" 1:20:57 How lonely AI must be 1:22:14 Ancient AI & the pyramids 1:24:06 We're kind of lost 1:26:23 Kids more isolated than ever 1:29:49 Rock & roll, the 90s & why music went slop 1:33:53 One more piece: patience for AI vs people 1:37:39 📖 Tomer reads "This Is Not the End" 1:41:52 Outro ▶️ piped.video/watch?v=u6NUcWZx…

Live everywhere 👇 ▶️ YouTube: piped.video/watch?v=xsOjcw6A… 🟥 Rumble: rumble.com/v7bapfa-bitcoin-i… 🍎 Apple: podcasts.apple.com/us/podcas… 🟢 Spotify: open.spotify.com/episode/5KE… 🎧 Fountain: fountain.fm/episode/dnCfD19j…

Bitcoin isn't digital gold. It's not locked in by math. You can kill it. The man who ran money at Peter Thiel's hedge fund came on to explain who's trying — and why the only thing protecting Bitcoin is the people who run nodes. @mattkratter — Bitcoin University founder, former Clarium / Thiel-world macro trader, early Palantir investor — joins me to lay out the fight consuming Bitcoin right now in plain English: why he says Bitcoin Core has "gone rogue," the spam war over OP_RETURN and BIP-110 he calls Bitcoin's last stand, why consensus flows from culture and not code, who actually controls the network (hint: not the miners), and how to mine Bitcoin from home for about $10 a day. Send this to anyone who thinks Bitcoin can't be stopped. TIMESTAMPS: 00:00 Intro 01:00 Physics dropout to literature — Stanford & Berkeley 05:27 René Girard & meeting Peter Thiel 07:56 Becoming a trader: Thiel Macro → Clarium 12:43 The PayPal mafia, network effects & the dot-com bottom 20:23 Global macro at Clarium & the 2003 housing-blowup call 24:08 Napster, PayPal & the "new world currency" 28:32 Government as the ultimate customer — Palantir & the CIA (In-Q-Tel) 36:00 Deep-state roots — is Peter Thiel captured? 49:32 Culture is upstream of consensus 57:00 Bitcoin isn't magic — nodes, immutability & the spam risk 1:01:42 Why spam is a problem — tragedy of the commons 1:04:30 Spam since Satoshi & the 2014 OP_RETURN war 1:14:30 The changing of the guard at Bitcoin Core 1:18:43 Core uncaps OP_RETURN to 100,000 bytes 1:28:00 Consensus flows from culture — the 2nd Amendment analogy 1:35:20 BIP-110 — the temporary soft fork 1:44:00 Why small blocks — and running nodes in Cuba 2:18:55 SegWit & the 2017 UASF — how 500 nodes won 2:24:00 The miners are just employees — node runners set the rules 2:41:46 "Firing the miners" — changing proof-of-work 2:55:18 Bitcoin Core went rogue — the last stand 2:58:50 You can kill Bitcoin 3:01:20 Mine Bitcoin from home for ~$10/day, KYC-free 3:11:09 Where to find Matt ▶️ piped.video/watch?v=xsOjcw6A…

"Bitcoin is not physical gold. You can kill Bitcoin." Matthew Kratter doesn't think Bitcoin is guaranteed — he thinks it's defended, by the people who run nodes. Watch piped.video/watch?v=xsOjcw6A…

Bitcoin Is Under Attack — #279 with @mattkratter is live everywhere 👇 ▶️ YouTube: piped.video/watch?v=xsOjcw6A… 🟥 Rumble: rumble.com/v7bapfa-bitcoin-i… 🍎 Apple: podcasts.apple.com/us/podcas… 🟢 Spotify: open.spotify.com/episode/5KE… 🎧 Fountain: fountain.fm/episode/dnCfD19j…

for the youtube crowd piped.video/watch?v=xsOjcw6A…

Bitcoin Is Under Attack. #279 with @mattkratter

NEW: @mattkratter — Bitcoin Is Under Attack. 🚨 The spam war. Bitcoin Core gone rogue. BIP-110. And why you can actually kill Bitcoin. ☠️ Out now on all audio — video drops tomorrow.

#278: Don't Sell Your Bitcoin. Live Off It. with @Firefish_io Rehypothecation has never been cryptographically impossible in Bitcoin-backed lending. Because every previous platform was a custodian — and the custodians all failed. And the first company to engineer rehypothecation out at the protocol level was built by a power trader who'd spent a decade pricing counterparty risk in physical commodity markets. @MartinMatejka, Co-founder & CEO of @Firefish_io, joins me to lay out the case in plain English: why he walked away from running power trading at one of Europe's largest utilities once he realized Bitcoiners deserved better than BlockFi, how Firefish engineered a 3-of-3 multisig where the platform itself cannot move your collateral, what happened on February 6 when Bitcoin fell $30K in a single day and only 1.7% of loans even triggered margin calls, the 6,000 BTC secured in multisig across 27,000+ users in 70 countries, and why, after all of it, his bet is simple — Bitcoin wins, fiat decomposes. Send this to the Bitcoiner in your life who needs liquidity but refuses to sell. 2:05 Welcome to The Bitcoin Matrix 2:54 The origin — investing without selling Bitcoin 5:33 Power trading at ČEZ — what risk taught him 7:04 Martin's rabbit hole — Austrian economics meets cryptography 10:35 What is a Bitcoin-backed loan 11:43 Shorting fiat, going long Bitcoin 14:24 What happens when Bitcoin's price drops — 50% LTV 17:03 "Rehypothecation is cryptographically impossible" 18:01 3-of-3 multisig + the self-recovery transaction 20:30 February 2026 — the stress test the architecture passed 22:01 LSEG Workspace — Bitcoin credit has a ticker 25:54 Who lends on Firefish — including Martin's parents 29:02 Is lending Bitcoin's next phase? 30:21 Are you enjoying it? 31:11 For the listener sitting on a stack

Tomorrow.

"Bitcoin could go to one penny tomorrow — and we don't blow up." Matt Cole (@ColeMacro) on why @Strive carries zero debt, no margin, and 18 months of dividend reserves. No maturity wall. No forced selling. 🟠

Check out the full conversation here: ▶️piped.video/MoHJU6rT1Ek?si=Z8Tf…

Thanks to @Stamp_Seed for securing the show. A titanium DIY kit that lets you hammer your seed words into solid metal. Fireproof, waterproof, crushproof. The most important backup you'll ever make. stampseed.com, code MATRIX for 15% off 🔨

Thanks to @cluborange for supporting the show. The location-based social network for Bitcoiners. See the meetups, the merchants, and the people worth knowing in your city, then go meet them in real life. Download at cluborange.org/matrix-podcas… 🧡

Huge thanks to @firefish_io for powering the show. Non-custodial Bitcoin-backed loans. Your keys stay in multisig the whole time. Don't sell your Bitcoin, live off it. Get started at firefish.io with code MATRIX 🟠

Where to listen & watch — @ColeMacro on The Bitcoin Matrix: ▶️ YouTube: piped.video/watch?v=MoHJU6rT… 🍎 Apple: podcasts.apple.com/us/podcas… 🟢 Spotify: open.spotify.com/episode/1tt… ⚡ Fountain: fountain.fm/episode/46r4dfJA…

A daily dividend has never been paid in stock market history. Because the money was never this broken before. And the first company to ever pay one was built by someone who saw it coming from the inside. @ColeMacro, Chairman & CEO of @Strive, joins me to lay out the case in plain English: why he walked away as CalPERS' top-performing portfolio manager once he realized the pension stayed underfunded no matter how well he did, how Strive engineered a 13% Bitcoin-backed yield paid every single business day, the $300 trillion market he says digital credit is coming for next, and why, after all of it, he says Bitcoin is hope. Send this to the most financially curious person in your life. 01:04 Welcome to The Bitcoin Matrix 01:29 Math nerd to CalPERS, managing $70B 07:18 Top performer, but the pension stayed underfunded 08:47 Boomer outflows & why the 60/40 is dead 17:09 "Bitcoin could go to one penny, we don't blow up" 23:31 What it means to be a daily dividend company 25:07 Killing the "dividend event" 26:44 A $300T TAM, bigger than Bitcoin itself 28:25 Ringing the NASDAQ bell, making history 33:13 Why digital credit is the biggest story in Bitcoin 47:32 Saylor & Phong Le: Buffett & Munger of this era 52:28 Headwinds, regulation & the bank-run fight 1:00:00 "Bitcoin is hope" 1:01:10 The optimistic case for AI & local community

Bitcoin isn't a trade. It's a sovereign hedge. And Harvard of all places just made it one of their two largest positions. @Matt_Hougan, CIO of @Bitwise, joins me to lay out the institutional case for Bitcoin in plain English: why he sees the supply shock that just took gold parabolic coming for Bitcoin next, the math behind his $1.4M by 2035 target, the $36B ETF launch that broke records by 6x, and the three different ways he pitches Bitcoin to institutional allocators. Send this to the most sophisticated person in your life. TIMESTAMPS: 00:00 Cold open 01:31 Welcome to The @_BitcoinMatrix Podcast 02:05 The 2026 Macro Lens — Kinetic + Monetary Chaos 02:21 Bitcoin as Two Investments in One 05:06 Harvard's 13F — Bitcoin and Gold 06:12 @LynAldenContact Joins @Bitwise — "Nothing Stops This Train" 07:44 @Matt_Hougan's Orange-Pill Moment — Kathleen Moriarty 11:03 ETFs as Renegade Tech — The Pattern Match 14:14 Why ETFs Make Sense for Institutions 21:29 The $36B ETF Launch — 6× the All-Time Record 25:19 The Gold Supply Shock — Why Bitcoin Is Next 30:08 The Silvergate & Signature Banking Battle 35:20 Competing With BlackRock 39:35 Three Ways to Pitch Bitcoin — And the $1.4M by 2035 Case 40:43 Quantum Computing — Manageable Upgrade Problem 47:32 Demographics — The Most Underrated Catalyst 52:16 Who @Matt_Hougan Would Orange-Pill 56:44 Where to Follow @Matt_Hougan + @Bitwise

MUST WATCH 🚨 "Harvard's two largest liquid positions are Bitcoin & gold. What does that tell you? They're worried about debasement." @Bitwise CIO @Matt_Hougan on why the smartest endowment on earth is hedging — his $1.4M by 2035 case. EP276: Bitcoin's Next Supply Shock out now🟠

Tomorrow.

The Bitcoin Matrix #275 is now live. Bitcoin culture isn't built in hotel ballrooms. It's built around campfires. @beantownbitcoin and @BTC_MS_THRIVING built a 4-day retreat on Sandy Island, Lake Winnipesaukee. Full conversation ↓

“Drop the ‘Shitcoins.’ Just ‘Bitcoin.’ It’s cleaner.”

"Bitcoin is an economic psychedelic." Once you see how fiat is constructed, you understand the entire reality around you is constructed. @BramK on @_BitcoinMatrix 🧠

Bitcoin isn't just sound money. It's an economic psychedelic. @BramK joins me to break down what fiat actually does to your mind — the bandwidth tax that costs you 13 IQ points, the spiritual crime hiding in plain sight, and why Bitcoin is engineered truth. Once you understand Bitcoin, the real work begins. TIMESTAMPS: 00:00 Welcome 02:00 Once You Understand Bitcoin, What Comes Next? 09:00 Red Pill Before Orange Pill 13:00 The Mike Green Argument: Why People Refuse to See 20:00 Schole — The Greek Word for Contemplative Leisure 21:48 Why a Fiat System MUST Grow 26:18 The Long-Arc Builders of 500 Years Ago 28:18 "It Is Modern Slavery." — Without You Knowing It 29:48 Bitcoin Is an Economic Psychedelic 32:48 Bitcoin Is Engineered Truth — The Orange Shirt 41:38 A Spiritual Crime — Timothy Leary Applied 43:48 You Can Only View the Old Matrix from Outside It 46:38 The Map and the Territory — Bitcoin as Both 51:18 The Bandwidth Tax — 13 IQ Points Stolen by Fiat 54:48 Disneyfication — The Entertainment Hiding Who Rules 59:48 Bitcoin for Millennials — Bram's Book 1:05:48 Michelangelo, the Medici, and 279 Years of Hard Money 1:10:48 The Effort-Reward Fracture — Oysters and the Pearl

Tomorrow.

Where to listen ↓ 🍎 Apple · tinyurl.com/bitcoinitunes 🎧 Spotify · tinyurl.com/bitcoinspotify ▶️ YouTube · tinyurl.com/bitcoinonyoutube ⚡ Fountain · fountain.fm/show/8jJhCIKzojS…

The Bitcoin Matrix #273 is now live. The desk Ryan Gosling plays in The Big Short? @PiusSprenger was on it. He shorted subprime for 3 years before the collapse paid. Now his peer-reviewed math says $1M Bitcoin in 8–9 years. Full conversation ↓

Tomorrow.

Out a day early on @fountain_app. @PiusSprenger sat next to the trader Ryan Gosling played in The Big Short. Held his short for 3 years. Was right. Now he runs a peer-reviewed power law on Bitcoin. The number will surprise you. Trailer below ↓

· YouTube: piped.video/watch?v=EEWORgKQ… · Rumble: rumble.com/v78uj52-the-fcc-c… · Fountain: fountain.fm/episode/d7x6lzqt… · Apple: podcasts.apple.com/us/podcas…

Bitcoin Matrix #272 is now live. 24.6M unbanked Americans rely on cash — and Bitcoin ATMs are their only 40% CAGR savings vehicle. So why is the entire regulatory machine targeting them? @Humble_Hodl1111 explains: it’s about stopping the exit. Full conversation ↓

🔥 MUST WATCH CLIP 🔥 "It really makes me feel like what I felt in the early days, when I first started buying Bitcoin in 2017. The war's not over. There's still this attack on self-custody, sovereignty, your ability to hold your own coins." - @Humble_Hodl1111

Tomorrow.

❌DON'T STORE YOUR 24 WORDS ON PAPER. Why? Because paper doesn't survive fire, water, time — and neither does the generational wealth that's supposed to live on it. @Stamp_Seed hammers your seed into solid titanium. Three things matter: — DURABLE: heat-resistant to 3,000°F, rust-proof, crush-proof — SMALL: compact enough to hide — SOLID: one piece, no screws, no letter tiles 15% off with code MATRIX → stampseed.com

🟠 · YouTube: piped.video/watch?v=QDqvxXCO… · Rumble: hrumble.com/v78ljm0-he-calle… · Apple/Spotify: podcasts.apple.com/us/podcas…