You Don’t Own Your Bitcoin | Stephan Kinsella | BIS #225

Stephan Kinsella joins the Bitcoin Infinity Show to talk about why you can’t legally own Bitcoin, what the difference between ownership and possession means for self-custody, and whether the July 2026 Coldcard hack was really theft. Knut and Stephan dig into Austrian economics, libertarian contract theory, why fractional reserve banking is harder on a Bitcoin standard, and how Bitcoin could limit the state’s ability to borrow and tax. They also look back at the Property and Freedom Society’s 20th anniversary in Bodrum, Murray Rothbard’s centennial, Hans-Hermann Hoppe’s split with the Mises Institute, and their Austrian economics panel at BTC HEL in Helsinki. Connect with Stephan: https://x.com/NSKinsella Connect with Us: https://www.bitcoininfinityshow.com/ https://bitcoininfinitystore.com https://primal.net/infinity https://primal.net/knut https://primal.net/luke https://twitter.com/BtcInfinityShow https://twitter.com/knutsvanholm https://twitter.com/lukedewolf Thanks to our sponsors - check out their websites for info: Invity: https://www.invity.io/ - Use Code INFINITY! Bull Bitcoin: https://app.bullbitcoin.com/registration/infinity BitBox: https://bitbox.swiss/infinity - Use Code INFINITY for 5% off! Bitcoin Adviser: https://content.thebitcoinadviser.com/freedom The Bitcoin Infinity Show is a Bitcoin podcast hosted by Knut Svanholm.

Brendan Guest joins the Bitcoin Infinity Show to talk about Valuearchy, his proposed alternative to democracy that puts the price of government on the ballot before the vote and replaces taxation with enforceable contracts citizens can stop funding when leaders break them. Knut goes full Rothbard, pressing him on whether any government holding a monopoly on violence can truly stay accountable, as they dig into Hoppe’s Democracy: The God That Failed, time preference under monarchy, and why democracies drift toward ever bigger spending. They also cover El Salvador under Bukele, Brendan’s concerns about crime in Canada, and why Knut sees saving in Bitcoin as the most practical personal defense against inflation and government overreach. Connect with Us: https://www.bitcoininfinityshow.com/ https://bitcoininfinitystore.com https://primal.net/infinity https://primal.net/knut https://primal.net/luke https://twitter.com/BtcInfinityShow https://twitter.com/knutsvanholm https://twitter.com/lukedewolf Thanks to our sponsors - check out their websites for info: Invity: https://www.invity.io/ - Use Code INFINITY! Bull Bitcoin: https://app.bullbitcoin.com/registration/infinity BitBox: https://bitbox.swiss/infinity - Use Code INFINITY for 5% off! Bitcoin Adviser: https://content.thebitcoinadviser.com/freedom The Bitcoin Infinity Show is a Bitcoin podcast hosted by Knut Svanholm. bitcoin #freedom #podcast #philosophy #sovereignty

Bob Burnett joins the Bitcoin Infinity Show to talk about life after BIP-110, from mining the very first BIP-110 signaling block with Barefoot Mining to why he stepped back in June and why he sees no path to success for the Blake2b fork. As Ocean's newly elected chairman, Bob explains why most big Bitcoin miners never seriously considered the soft fork, how FPPS mining pools trade a slice of revenue for predictability compared to TIDES, and why hashrate is shifting from public mining companies toward smaller independent miners using DATUM. Knut and Bob also dig into capping the SegWit discount to fight spam, the difference between miners and hashers, and what corporations might look like on a Bitcoin standard. Connect with Bob: https://x.com/boomer_btc Connect with Us: https://www.bitcoininfinityshow.com/ https://bitcoininfinitystore.com https://primal.net/infinity https://primal.net/knut https://primal.net/luke https://twitter.com/BtcInfinityShow https://twitter.com/knutsvanholm https://twitter.com/lukedewolf Thanks to our sponsors - check out their websites for info: Invity: https://www.invity.io/ - Use Code INFINITY! Bull Bitcoin: https://app.bullbitcoin.com/registration/infinity BitBox: https://bitbox.swiss/infinity - Use Code INFINITY for 5% off! Bitcoin Adviser: https://content.thebitcoinadviser.com/freedom The Bitcoin Infinity Show is a Bitcoin podcast hosted by Knut Svanholm.

Tomer Strolight joins the Bitcoin Infinity Show to talk about the aftermath of the BIP-110 fork attempt, why he ran Knots but never followed the hard fork off Bitcoin, and what the Cold Card entropy exploit and the Liquid hack revealed about Bitcoin security. He and Knut get into why hard forks are so close to impossible, the hierarchy of principles that should sit above any single policy fight, and whether SegWit and Taproot look like own goals in hindsight. They finish on Bitcoin as antifragile money, why worldwide self-custody adoption may never be necessary, and what to do with the freedom that sound money actually buys you. Connect with Tomer: https://x.com/TomerStrolight Connect with Us: https://www.bitcoininfinityshow.com/ https://bitcoininfinitystore.com https://primal.net/infinity https://primal.net/knut https://primal.net/luke https://twitter.com/BtcInfinityShow https://twitter.com/knutsvanholm https://twitter.com/lukedewolf Thanks to our sponsors - check out their websites for info: Invity: https://www.invity.io/ - Use Code INFINITY! Bull Bitcoin: https://app.bullbitcoin.com/registration/infinity BitBox: https://bitbox.swiss/infinity - Use Code INFINITY for 5% off! Bitcoin Adviser: https://content.thebitcoinadviser.com/freedom The Bitcoin Infinity Show is a Bitcoin podcast hosted by Knut Svanholm. bitcoin #freedom #podcast #philosophy #sovereignty

Giacomo Zucco joins the Bitcoin Infinity Show to talk about why the BIP-110 soft fork attempt failed, what an economic node actually is, and why running a node was never the vote most Bitcoiners believed it to be. He unpacks the mythology that grew around the UASF and SegWit, explains why the Bitcoin Core v30 relay policy change triggered the whole fight, and argues that a single satoshi of added supply would destroy Bitcoin's monetary credibility permanently. Giacomo also gives his own account of resigning from the Ocean mining pool board and rejoining it, the Tether connection, and why he expects state actors to eventually come for Bitcoin's hashrate rather than its code. Connect with Giacomo: https://x.com/giacomozucco Connect with Us: https://www.bitcoininfinityshow.com/ https://bitcoininfinitystore.com https://primal.net/infinity https://primal.net/knut https://primal.net/luke https://twitter.com/BtcInfinityShow https://twitter.com/knutsvanholm https://twitter.com/lukedewolf Thanks to our sponsors - check out their websites for info: Invity: https://www.invity.io/ - Use Code INFINITY! Bull Bitcoin: https://app.bullbitcoin.com/registration/infinity BitBox: https://bitbox.swiss/infinity - Use Code INFINITY for 5% off! Bitcoin Adviser: https://content.thebitcoinadviser.com/freedom The Bitcoin Infinity Show is a Bitcoin podcast hosted by Knut Svanholm.

Desert Dave joins the Bitcoin Infinity Show to talk about off-grid solar Bitcoin mining in the Arizona desert, the failed BIP 110 soft fork, and why he's bricking six ASICs to mine a new proof-of-work fork instead. Knut pushes back hard, arguing that node decentralization, Ocean and DATUM, and alternative implementations still make the legacy chain worth fighting for, while Dave argues Bitcoin Core and the mining pools are too captured to fix. They dig into self-custody, spam and OP_RETURN, mining centralization, Michael Saylor's treasury companies, and whether Bitcoin's value comes from being a store of value or a medium of exchange. Connect with Dave: https://x.com/ninfixed6 Connect with Us: https://www.bitcoininfinityshow.com/ https://bitcoininfinitystore.com https://primal.net/infinity https://primal.net/knut https://primal.net/luke https://twitter.com/BtcInfinityShow https://twitter.com/knutsvanholm https://twitter.com/lukedewolf Thanks to our sponsors - check out their websites for info: Invity: https://www.invity.io/ - Use Code INFINITY! Bull Bitcoin: https://app.bullbitcoin.com/registration/infinity BitBox: https://bitbox.swiss/infinity - Use Code INFINITY for 5% off! Bitcoin Adviser: https://content.thebitcoinadviser.com/freedom The Bitcoin Infinity Show is a Bitcoin podcast hosted by Knut Svanholm. bitcoin #freedom #podcast #philosophy #sovereignty

Cory Klippsten joins the Bitcoin Infinity Show to talk about Swan's Fifty Days for Freedom campaign, the parallels he draws between the American founders' fight for political independence and this generation's fight for monetary independence, and why he thinks Bitcoin adoption follows a seventy to eighty year technological revolution curve rather than a sudden dollar collapse. He and Knut get into KYC, honeypots and self-custody, the recent wave of VPN bans and age verification laws, and why chain analysis firms may be selling a certainty they cannot actually deliver. They also cover the three functions of money and whether store of value and medium of exchange were ever really separate, the case for ten million Bitcoiners as an intransigent minority, and why Cory thinks the dollar's network effect is getting stronger even as Bitcoin remains the fastest horse in the race. Connect with Cory: https://x.com/coryswan Connect with Us: https://www.bitcoininfinityshow.com/ https://bitcoininfinitystore.com https://primal.net/infinity https://primal.net/knut https://primal.net/luke https://twitter.com/BtcInfinityShow https://twitter.com/knutsvanholm https://twitter.com/lukedewolf Thanks to our sponsors - check out their websites for info: Invity: https://www.invity.io/ - Use Code INFINITY! Bull Bitcoin: https://app.bullbitcoin.com/registration/infinity BitBox: https://bitbox.swiss/infinity - Use Code INFINITY for 5% off! Bitcoin Adviser: https://content.thebitcoinadviser.com/freedom The Bitcoin Infinity Show is a Bitcoin podcast hosted by Knut Svanholm.

Nick Malster joins the Bitcoin Infinity Show to talk about building Fountain, the Bitcoin podcast app where listeners send sats over Lightning and creators publish to open RSS feeds instead of closed platforms. He explains why Fountain has wound down its listen to earn rewards, how AI generated podcast clones are flooding the apps and what the Podcast Index is doing about it, and where value for value monetization goes from here. Knut and Nick also get into copyright in the age of AI, an honest assessment of Nostr adoption, and why the old record deal model never worked for artists. Connect with Nick: https://x.com/nickmalster Connect with Us: https://www.bitcoininfinityshow.com/ https://bitcoininfinitystore.com https://primal.net/infinity https://primal.net/knut https://primal.net/luke https://twitter.com/BtcInfinityShow https://twitter.com/knutsvanholm https://twitter.com/lukedewolf Thanks to our sponsors - check out their websites for info: Bull Bitcoin: https://app.bullbitcoin.com/registration/infinity BitBox: https://bitbox.swiss/infinity - Use Code INFINITY for 5% off! Bitcoin Adviser: https://content.thebitcoinadviser.com/freedom The Bitcoin Infinity Show is a Bitcoin podcast hosted by Knut Svanholm and produced by Luke de Wolf. bitcoin #freedom #podcast #philosophy #sovereignty

Thomas Jeegers joins the Bitcoin Infinity Show to talk about MiCA, self-custody, and why Europe keeps regulating itself into a corner. He explains how the block size war proved Bitcoin was genuinely decentralized, why mining pool concentration worries him less than it worries most Bitcoiners, and how compliance costs land on the customer without preventing any actual fraud. We also get into deflation, the inflation assumption that every economics degree quietly takes for granted, and why Bitcoin adoption in Europe still runs into a wall of suspicion. Connect with Thomas: https://x.com/ThomasJeegers Connect with Us: https://www.bitcoininfinityshow.com/ https://bitcoininfinitystore.com https://primal.net/infinity https://primal.net/knut https://primal.net/luke https://twitter.com/BtcInfinityShow https://twitter.com/knutsvanholm https://twitter.com/lukedewolf Thanks to our sponsors - check out their websites for info: Bull Bitcoin: https://app.bullbitcoin.com/registration/infinity BitBox: https://bitbox.swiss/infinity - Use Code INFINITY for 5% off! Bitcoin Adviser: https://content.thebitcoinadviser.com/freedom

Scott Dedels joins the Bitcoin Infinity Show to talk about his new book The Age of Time and why the mechanical clock, not the printing press, may be the deepest centralization in modern life. Recorded spontaneously at the Bitcoin Ireland Conference in Dublin, the conversation runs from 1657 and the invention of standardized minutes through time preference, the difficulty adjustment, and Bitcoin as a civilizational clock that bonds value and time into a single expression. Scott and Knut also get into consciousness as a consensus mechanism, the half second delay between reality and perception, why beauty is a symptom of a thriving civilization, and what long term thinking looks like under a Bitcoin standard. Connect with Scott: https://x.com/LanternBitcoin Connect with Us: https://www.bitcoininfinityshow.com/ https://bitcoininfinitystore.com https://primal.net/infinity https://primal.net/knut https://primal.net/luke https://twitter.com/BtcInfinityShow https://twitter.com/knutsvanholm https://twitter.com/lukedewolf Thanks to our sponsors - check out their websites for info: Bull Bitcoin: https://app.bullbitcoin.com/registration/infinity BitBox: https://bitbox.swiss/infinity - Use Code INFINITY for 5% off! Bitcoin Adviser: https://content.thebitcoinadviser.com/freedom The Bitcoin Infinity Show is a Bitcoin podcast hosted by Knut Svanholm and produced by Luke de Wolf.