Bitcoin Today Recast

Darkside reads Strategy's new 8-K and argues the $200 million in share issuance behind the latest Bitcoin buy debased MSTR holders instead of amplifying them. Terence Michael hosts with Loren on the road, and the room works through the Binance hack that exposed 900,000 users, Coinkite's refusal to own the Coldcard breach, and BlackRock turning self-custody fears into an IBIT pitch. The back half goes deep on covenants, the upgrade that would make a stolen key useless, plus Project Janus nuclear reactors, a16z stepping back from crypto, and a year of Bitcoin decorrelation.Loren and Terence host Bitcoin Today live on X, weekdays at 8:30 AM PT.YouTube: https://youtube.com/@lorenhodlX: @lorenhodl @ProofOfMoney @Darkside2030Chapters:0:00:00.00 Opening: Terence hosts, Loren is away0:02:11.72 Russell Brand gets 10 years in prison0:05:39.50 The AI narrative turns bearish0:09:12.76 James bought the dip at $75,0000:11:15.80 900,000 Binance users leaked0:13:20.84 Your AI uploads are not private0:15:52.54 Coinkite will not own the breach0:20:55.10 BlackRock turns hacks into an IBIT pitch0:23:01.14 Amsterdam was a shitcoin event0:28:17.90 Bitcoin Alpha vets its sponsors0:30:53.26 Incidents keep Bitcoin under $100K0:33:03.56 Bitcoin decorrelated all year0:35:07.36 Strategy debased holders by $200M0:40:36.46 What if AI ran France for 10 years0:47:19.94 What threw off every prediction0:49:54.94 AI crowded out Bitcoin's allocation0:52:58.78 a16z quietly dropped crypto0:55:49.28 Nuclear SMRs power the data centers0:58:26.52 Bitcoin is the bet you can just hold1:00:34.42 $656B poured into data centers1:08:08.56 Mars met the red team in Amsterdam1:11:12.60 Covenants were the Amsterdam topic1:14:12.88 Whitelisted coins defeat a stolen key1:18:37.16 Timelocks are a timing covenant1:22:05.04 Hashcash fought spam with proof of work1:26:07.62 Move forward, stop reliving history

Bitcoin holds $75K after the midterm sweep—but could a blue wave be the most bullish outcome for Bitcoin?Loren Hodl and Terence Michael lead a wide-ranging discussion on the political landscape, Strategy’s evolution into a potential Bitcoin bank, and why spending and replacing Bitcoin could be a better way to live on a Bitcoin standard. The conversation explores whether AI and LLMs can simplify tax filing using wallet exports, and how Bitcoin-backed mortgages from Milo and Arch Lending could change the path to homeownership.The panel also tackles the housing dilemma: save in Bitcoin for a home, spend it, keep renting, or borrow against it? Paula makes the case for spending and replacing Bitcoin, while the discussion closes with El Salvador’s health care system, statins, and tax-loss harvesting.MISSED THE LIVE SPACE?Bitcoin Today is a daily conversation about Bitcoin, money, markets, and the ideas shaping the future of finance. Hosted by Loren Hodl and Terence Michael, live on X weekdays at 8:30 AM PT. Catch the full replay.WATCH ON YOUTUBEhttps://youtube.com/@lorenhodlWHO TO FOLLOW ON X@BitcoinToday__ | @lorenhodl | @ProofOfMoneyFOLLOW ON SPOTIFYBitcoin Today Recast

Fred Krueger joins Loren Hodl to argue the agentic AI economy will settle in Bitcoin rather than stablecoins, because an autonomous agent cannot hold money a human can freeze, and he lays out the Lightning rails that let machines pay each other today. Darkside opens with the two-way wipeout, about $400 million of shorts and $500 million of longs liquidated, and calls it the 1974 gold futures playbook running on Bitcoin, then warns that Strategy's STRC preferred shares are being paid by bashing the common stock. A precious metals miner who has chased the debasement trade for two decades pushes back with the 82 percent of world trade still settled in dollars, and the room closes on custody and inheritance, from Binance's hot wallets to two-of-three multisig with one key in a bank vault.Loren and Terence host Bitcoin Today live on X, weekdays at 8:30 AM PT.YouTube: https://youtube.com/@lorenhodlX: @lorenhodl @ProofOfMoney @dotkruegerChapters:0:00:00.00 Opening: cold up in Chico0:02:59.78 Daniel asks why Bitcoin whipsawed0:03:20.90 Post-midterm volatility was called0:05:18.34 Terence and the bad shoulder0:07:35.42 Hedgers do not get liquidated0:08:18.28 The 1974 Fed plan to break gold0:09:59.04 Futures had to come before ETFs0:11:04.36 Self-custody breaks the playbook0:11:24.22 China built a computer with no US chips0:11:52.90 It smells like 1999 again0:13:18.80 The Jeff Booth interview to watch0:14:04.66 Inflation is the rate of theft0:16:05.00 Democracy, bought with printed money0:17:01.80 Puncher: the real rate of theft0:17:56.34 One McDonald's run now costs $250:18:22.24 MSTR, STRC and IBIT feed the trap0:19:24.24 BIP-110 was a monetary attack0:21:18.96 Medium of exchange or fail like gold0:23:51.36 $100 buys a fifth of the groceries0:24:09.88 They want to break it, not fix it0:27:34.38 The under-40 vote is gone0:29:00.36 Every incumbent should step aside0:30:13.94 Texas boomed and Abbott still lost0:31:05.60 Voters believed the property tax lie0:33:02.36 Time for boomers to feather out0:33:23.36 Fred: the Republican Party is toast0:34:52.12 The agentic economy doubles yearly0:36:04.84 AI picks Bitcoin over stablecoins0:37:06.16 Medium of exchange within five years0:38:06.50 Pay me in Bitcoin, via Lightning0:41:34.34 From agents to autonomous AI0:43:26.96 Multipolar or unipolar AI world?0:46:32.12 Only Bitcoin survives the transition0:48:03.90 AI bids Bitcoin 10x, 20x, 100x0:49:00.64 Kelly: young conservatives swung it0:51:12.50 Booth vs Carlasare debate is set0:53:18.68 The Bitcoin case only got stronger0:56:10.44 The right's future is far right0:58:38.47 Democracy became loot the treasury1:00:46.20 Bought with money politicians print1:02:05.78 Moment of silence for the STRC peg1:04:00.76 Derivatives are Darkside's domain1:05:20.90 Bashing common stock for preferred1:06:16.32 Pete: stop praising Binance1:07:59.48 Oversight chair targets Binance, CZ1:10:49.08 The big banks do the same thing1:14:00.34 Michael defends Binance1:15:00.00 Exchanges are just banks for crypto1:19:41.38 A miner on the debasement trade1:20:35.02 82% of world trade settles in dollars1:22:34.14 If the dollar collapsed tomorrow1:25:04.94 Iran and Russia survived SWIFT cutoff1:27:33.58 Collapse looks like the Turkish lira1:28:27.70 Bank holiday means a tether wallet1:31:35.26 Copper stuck from Congo to China1:34:31.58 The dollar is the cleanest dirty shirt1:35:36.52 Mando: custody meets inheritance1:37:39.16 Never type a seed phrase into ChatGPT1:39:19.52 Binance dumps its listing tokens1:42:38.18 Collaborative custody, explained1:43:56.06 Two of three: one key in a vault1:45:52.80 You bought a car, not a boat1:49:02.64 Bitcoin drops to $75,000 live1:50:43.80 Around the horn: closing thoughts1:52:29.84 Bitcoin wins without a dollar collapse1:58:15.08 Flood lighting: watch what they do1:59:49.80 Play us out

Dennis Porter joins Terence Michael the morning after the midterm sweep to map what a flipped House and Senate mean for Bitcoin: the energy and infrastructure bills already moving, Senator Gillibrand at the negotiating table, and Elizabeth Warren stripped of the financial power she held. Darkside calls the result a vote against being lied to rather than a vote for Democrats, and says the printer keeps running no matter who holds the gavel. Then the room turns on itself over the oldest fight in Bitcoin: whether number go up is the best marketing the network has, or a failed theory that pushes people away.Loren and Terence host Bitcoin Today live on X, weekdays at 8:30 AM PT.YouTube: https://youtube.com/@lorenhodlX: @lorenhodl @ProofOfMoney @JoeCarlasareChapters:0:00:00.00 Opening: blue wave, blue hair0:01:24.38 Anon: I did not even vote0:02:00.60 The Trump coin grift, day one0:03:43.78 Switzerland keeps politics local0:04:30.78 Darkside arrives from Fred's Space0:05:27.10 Accountability for lies, at last0:05:55.50 A vote against, not a vote for0:07:17.54 Texas, Kansas, NC: red states flip0:08:06.32 One border closed, H1B visas open0:10:29.38 Impeachment odds just jumped0:12:17.06 Gridlock might be what we need0:14:52.74 Tokenization of capital markets0:15:34.32 Back from the fight in Fred's Space0:17:14.96 The coin that rugged its own voters0:18:33.28 DC statehood and the DSA playbook0:21:54.30 Thomas Young and the muted voices0:23:45.18 Use your powers for good here0:24:12.06 Trust the plan: what happened?0:25:33.90 One uniparty, both teams stealing0:27:30.84 Texas and South Carolina shock0:28:18.58 Political chaos is coming0:30:46.76 Plan ahead for the tax push0:32:16.42 Sweep is extremely good for Bitcoin0:37:54.80 Dennis Porter joins the Space0:38:20.32 What does this mean for Bitcoin?0:39:19.12 Oversight fights help Bitcoin0:42:07.88 Dems are working on energy bills0:43:29.18 Miners building on top of homes0:47:56.38 Warren loses her financial power0:48:17.24 Gillibrand is the key negotiator0:49:49.46 A clear repudiation of Trump0:50:44.68 The affordability crisis decides it0:52:26.02 Gridlock: a whole lot of nothing0:54:29.18 Corruption was the number one issue0:57:10.80 Joe calls out a made-up fact0:59:49.32 Two hundred four House seats1:00:42.94 Exposed as a left-wing cook1:05:54.38 Dennis steps off the stage1:06:13.10 Bitcoin is not doing its thing1:10:26.54 Emphasize number go up more1:11:14.50 Out of touch with the young1:15:57.50 Power spread across the network1:21:49.38 A failed way to market Bitcoin1:24:20.64 High time preference, on stage1:28:13.98 War, cost of living, America first1:29:32.92 Markets are forward looking1:31:31.96 Mortgage rates would spur it all1:33:06.96 Bullish into Q4 if rates fall1:36:33.14 Mark and the power law model1:37:43.72 Price real estate in Bitcoin1:40:37.22 First Democrat senator since 19881:44:44.08 That is why you own Bitcoin1:45:00.00 Play us out, from the dentist chair1:45:45.04 Take it away, Tiffany

Darkside does the math Michael Saylor leaves out: Strategy owes $1 billion in September 2027 if MSTR closes below $183, $2 billion in March 2028 below $433, and $3.5 billion more by 2029, while roughly $1 billion every five weeks goes into buying back STRC. Tomer Strolight shows how Grok's reverse-split error made Strive (ASST) look up 200 percent while it fell 83 percent, and Fred Krueger notes ASST is down about 80 percent since Matt Cole took over. TC explains why a permissionless purchase from an Indian pharmacy during COVID mattered more than price, and Jethro, Scott Wolfe, and Pursuing Freedom preview El Salvador's Bitcoin month, with 1,400 merchants accepting Bitcoin and Historico at the National Palace. Plus election day in the room: John Deaton's Senate shot in Massachusetts, and why a midterm flip most likely means gridlock, not a crackdown.Loren and Terence host Bitcoin Today live on X, weekdays at 8:30 AM PT.X: @lorenhodl @proofofmoneyChapters:0:00:07.22 Opening: the I sold my Bitcoin joke0:03:09.14 131 Bitcoin books in a coffee shop0:06:00.70 The Binance hack was a job interview0:07:37.12 The Zoom link that empties your wallet0:09:50.28 Liquid repegged, users made whole0:12:06.36 Fred's Strive post broke brains0:13:19.32 Grok was wrong about the reverse split0:14:49.18 Down 80 percent is not outperformance0:19:14.36 The $4.7 billion Saylor does not have0:19:32.86 Strategy owes $1B below $183 a share0:20:25.24 The cash runs out in March 20280:21:02.14 Bitcoin per share fell 3 percent0:27:55.30 The win is plebs holding their own keys0:29:41.66 House: Strategy has been transparent0:30:58.68 Pete presses Darkside on the timeline0:31:53.80 $200 million a week buying back STRC0:33:03.94 The C corp tax problem for Strategy0:36:40.40 Should Strategy sell 100,000 Bitcoin0:37:02.38 Retire STRC and retire the converts0:41:07.80 Amplification is only 1.6 to 1.7x0:43:26.96 A year of downside cover barely exists0:44:27.98 Deaton has a real shot in Massachusetts0:45:27.96 Democrats win: gridlock, not a crackdown0:47:21.08 You never vote on how much they print0:48:42.02 What has to come before stacking sats0:50:49.46 Most people never get past step one0:52:33.92 Inflation taxes the people who miss it0:55:26.18 Telling people to buy backfires0:57:19.24 Orange-pilling is a worldview teardown1:00:35.56 Late to Bitcoin means admitting error1:03:25.12 Passive indexing to Bitcoin is coming1:06:34.35 People learn through pain, then Bitcoin1:09:07.61 Permissionless beats purchasing power1:15:06.38 Lead with the use case, not the pitch1:21:02.58 Did you really sell all your Bitcoin1:24:36.38 Binance covered the hole in 24 hours1:26:23.20 On balance sheet means creditors first1:27:17.40 Grant: you can build anything now1:29:37.08 Make friends with your clanker1:31:09.98 El Salvador's Bitcoin month is coming1:31:54.58 Historico, a capital summit, MIT on AI1:33:04.98 Pursuing Freedom heads to Historico1:36:31.26 A trade group for circular economies1:39:37.86 Why do some vendors refuse Bitcoin1:40:45.56 Bitcoin use beats credit cards there1:44:06.66 The biggest grocery chain takes Bitcoin1:46:50.68 Bukele tweeted the central bank in 20171:49:15.86 Ricardo Salinas is coming to Historico1:50:01.88 Bitcoin on TV at 23 cents in 20101:54:14.30 The 2001 dollar switch still stings1:54:58.98 Chivo was a terrible first impression1:58:09.74 Dom: nobody in Hawaii talks Bitcoin

dotoshy and Joe Carlasare say the Binance story is not finished: outflows have passed $7 billion since withdrawals reopened, CZ is publicly denying that Binance borrowed money, sold assets, or raised capital to fill a $6 billion hole, and accounts holding $100 million or more still cannot withdraw while smaller accounts get out. Terence Michael explains why a snapshot of coins is not a proof of reserves, and what a real one would have to show. Fred Krueger runs the recovery math, Matt McDonagh argues the biggest hack in history inoculated Bitcoin, and Darkside breaks down Strategy's new 8-K: $164 million of stock sold, 811 bitcoin bought, and $208 million of STRC preferred bought back. Plus Scott Wolfe on El Salvador, a plan for a Bitcoin museum in Santa Monica, and Joe Carlasare on prediction markets and the gamblers they eat.Loren and Terence host Bitcoin Today live on X, weekdays at 8:30 AM PT.YouTube: https://youtube.com/@lorenhodlX: @lorenhodl @ProofOfMoney @dotkrueger @JoeCarlasare @dotoshyChapters:0:00:00.54 Opening: X changed the audience order0:00:48.86 Calacanis named Grant, Fred, Terence0:01:55.36 Fred: Binance replaced 95 percent0:02:53.88 Proof of reserves should be standard0:03:59.20 Hot versus cold: what cold really means0:05:29.14 BlueWallet: 100 gift wallets, zero lost0:06:34.32 Grant returns: the million dollar bet0:09:39.00 Matt: the hack inoculated Bitcoin0:11:00.02 Daniel: the 5 percent tip, hack fatigue0:12:24.20 Joe Nakamoto versus El Salvador0:13:36.60 Mars: I only cheerlead for America0:15:33.20 Scott: Bitcoin is a voluntary money0:25:05.21 Jason sells millions, will not bet0:25:47.59 A bigger attack, and Europe is freezing0:26:58.95 The airplane photo in the nest0:30:58.78 BIP110: how do you unstack fork coins0:33:59.08 Told Bitcoin Cash was the real Bitcoin0:34:36.24 Break a rule, you made a new coin0:38:00.04 Terence: a snapshot is not proof0:39:25.82 Loren: are the pockets that deep?0:45:08.52 White paper day at Steak and Shake0:46:43.96 Chances ETH transfers reverse: zero0:48:42.10 Hackers are stuck with 15,000 Bitcoin0:51:47.46 Plan for the worst case, every angle0:54:07.28 Physical cold storage is hacked too0:57:54.42 A Bitcoin library meetup in WeHo0:59:47.34 Georgia shelves empty before midterms1:01:08.06 How much is timed for the midterms1:02:37.28 Library, gallery, or museum of money1:05:35.18 Arizona skips daylight saving time1:08:38.01 Shopping for a museum for the shark1:13:51.29 Would the museum include BIP1101:15:13.92 Darkside: Strategy sold $164M of stock1:16:16.70 Fred: amplification is calibration now1:18:19.28 Put it all in one Strategy ticker1:21:49.20 The squawk box nuclear question1:23:51.58 Or just buy Bitcoin, self custody1:24:47.08 Joe arrives to the end of the world1:28:42.96 Boomers hold 60 percent of the wealth1:30:56.88 He lost $2M and his wedding money1:33:07.34 Ban the lottery while we are at it1:35:10.96 Polymarket shows you the whole book1:38:13.16 Schwab makes you prove competence1:41:15.46 dotoshy and Joe: $100M accounts cannot withdraw1:44:34.94 Loren: Joe scared everybody, fairly1:46:24.64 Betting on hacks at four to one1:48:00.08 Campaign cash moves prediction odds1:51:00.28 Around the horn: Terence runs to books1:51:40.76 Thomas: guardrails versus free choice1:52:33.80 Keep dry powder dry for the chaos1:54:36.10 Darkside does Dylan on chaos1:55:26.22 Dentist Wednesday, maybe swap a day1:56:35.12 Closing tape: 1929 crash, Nixon, Bitcoin

Mr HODL argues the $6.3 billion Binance hack was not a custody failure but a hot wallet failure: your UTXOs should be cold no matter who holds them. Terence Michael opens with the multisig case and the Mt. Gox lesson, the room audits CZ's promise to cover the hole against the cash a company like Coinbase actually holds, and Bruce Fenton closes with the case for tokenization. Bitcoin held $77,000 through the largest exchange hack in history.Loren and Terence host Bitcoin Today live on X, weekdays at 8:30 AM PT.X: @lorenhodlChapters:0:00:00.00 Opening: the sky is falling0:02:16.36 Terence: custody gets challenged this year0:03:55.94 Terence: everything points to multisig0:05:51.14 Terence: Bitcoin itself was never hacked0:07:03.00 Mt. Gox fell to a penny and lived0:08:36.72 Exchanges will catch no break0:10:23.02 A laptop and an Ethereum upgrade0:11:49.70 Institutions split keys worldwide0:13:03.02 Lorenzo: Binance is trust me bro0:14:25.58 Gloria: protection of assets is power0:15:52.08 Start cold storage with a few sats0:19:52.50 The hole is triple the headline0:22:57.24 Ozzy: every October, Binance rugs us0:24:33.88 The stolen Bitcoin was wrapped Bitcoin0:26:22.12 Grant: covering it is self-interest0:29:25.56 ETF holders are underwater at $82K0:31:50.16 Treasury yields are rolling over0:33:09.88 Anything can be hacked, even banks0:34:46.04 Split your Bitcoin four ways0:36:00.44 A custodian who loses it covers it0:38:33.14 Should Strategy custody its own coins?0:39:58.26 Fred: frozen Tether strands Aave0:43:12.02 Elvis: Binance is the biggest exchange0:44:55.32 BitMEX never got hacked: no hot wallets0:47:43.80 Cold keys do not get hacked0:53:49.38 Scott: CZ is not in charge anymore0:54:57.60 Binance is buying back the Bitcoin0:59:51.64 CZ: it hurts, but we survive1:03:25.40 Your balance is an IOU, not coins1:05:52.08 Fidelity and IBIT are two custodians1:09:52.02 You cannot freeze Bitcoin1:11:00.48 Bitcoin is horrible to steal1:14:35.10 You cannot Tornado Cash 18,000 Bitcoin1:18:27.88 Withdrawals are paused until Monday1:19:08.32 Made whole argues against self-custody1:23:27.54 Someone has to custody the Bitcoin1:24:14.68 An exchange hack is not a hardware flaw1:26:44.34 A lawyer asked: is Bitcoin broken?1:29:20.22 Mr HODL: not custody, hot versus cold1:31:42.54 PHP runs 60 percent of the web1:34:33.86 Crypto is hit because it is final1:35:43.26 AI agents need attested authorization1:39:06.78 Mr HODL: fraud runs through exchanges1:42:59.72 CFTC wants federal registration1:45:11.94 Mr HODL: your UTXO should be cold1:48:44.46 Sign while completely cold1:50:27.96 Darkside: TradFi chose convenience1:54:27.08 Speed is the enemy of security1:56:31.92 Mr HODL: keep keys off software1:59:47.48 Blockchain was a marketing term2:00:32.86 TradFi runs on time to fix mistakes2:02:13.30 None of the other chains work2:03:47.72 One laptop should never move a billion2:05:53.36 Tico: peace of mind has a price2:07:13.36 Ownership is law, Bitcoin is possession2:09:32.44 Ozzy: Bitcoin is the only chain that works2:10:44.08 Darkside: Strategy CFO quit in a week2:14:24.50 Mr HODL: keep your Bitcoin cold2:17:49.66 Bruce Fenton: tokenization is winning2:19:44.74 The chain enforces nothingSegment: https://youtu.be/QXZN6z4d24M

Mike Schmidt, who funds core developers through Brink and runs the Bitcoin Security Consortium's quantum work, explains why Bitcoin Core skipped version 32 for 32.1 after an AI scanner caught a medium-severity bug, and why the BIP110 fight turned on the difference between consensus and policy. TC reads the day's difficulty adjustment, set to jump close to 6% for the second time in two weeks, as proof miners are not bearish. Wicked explains why he is leaving multisig behind now that EntropyLab can verify a hardware wallet before it signs. Dave Weisberger argues AI is about to expose every crack in digital finance, passkeys or not.Loren and Terence host Bitcoin Today live on X, weekdays at 8:30 AM PT.X: @lorenhodlChapters:0:00:00.00 Opening banter, Mike joins the stage0:01:25.56 $17.7M says Bitcoin never tops its high0:02:20.48 Difficulty adjustment day, near 6%0:04:07.02 TC: miners are not bearish at all0:05:01.32 Public miners exit to AI, solo miners rise0:08:37.46 Natalie asks: are difficulty highs bullish?0:10:53.08 Water heaters are mining Bitcoin now0:11:34.90 Meet Mike Schmidt, Core's inside guy0:13:01.00 Mike: Optech, Brink, quantum break-glass0:14:52.30 Quantum has two fronts: inform and fund0:15:49.06 Lorenzo: quantum FUD cries sky is falling0:17:24.40 FUD recycles: quantum, AI, wallet hacks0:19:18.42 One fake phone call stole 185 Bitcoin0:19:48.28 Terence: guard every account you own0:21:11.54 Dave: send a test transaction first0:23:46.06 Dave: AI shows all the cracks in security0:26:50.14 Dave: TradFi only talks about AI now0:28:31.56 Mike: two levers, FOMO and a scary event0:30:26.88 Mr HODL: AI pays its bills in dollars0:31:44.08 Terence: nobody wants to spend Bitcoin0:33:05.46 What is big Bitcoin?0:34:22.04 Mike: the donors are not pulling strings0:37:23.82 Asanoha: big Bitcoin is real, like pharma0:39:28.02 Lorenzo presses Asanoha on BIP1100:41:01.26 Mike: never give the consortium one voice0:43:38.60 Lorenzo: has your BIP110 view changed?0:47:00.22 Asanoha: 715 Core fixes make better money0:50:05.94 Consensus is not policy, Taproot was last0:51:01.40 Mike: permissionless means users you dislike0:56:23.96 Lorenzo: the mudslinging was the saddest part0:59:04.45 TC: use it daily, it just works1:01:27.66 Mike: misunderstanding fueled the attacks1:03:47.14 Mike: fight about quantum, but fight better1:05:45.28 Timechain Art Magazine opens pre-orders1:07:02.88 Core skipped 32: an LLM found the bug1:13:48.74 Dom drops a vibe-coded project1:14:23.82 Watch Duty and the fire map tangent1:18:02.74 Wicked: the hack made me redo my setup1:22:52.78 Multisig was a stopgap all along1:29:08.54 Import the WIF, not the whole seed1:31:58.30 Mr HODL: a WIF in a wallet is hot1:34:51.80 Seed words physical, wallet.dat digital1:37:17.18 Dice rolls changed the words live1:40:13.18 Terence: most people need a 2-of-31:46:11.52 Two companies can hold two keys1:47:38.30 EntropyLab checks the PSBT for you1:52:50.72 Mr HODL: go play with it, offline1:53:17.10 Around the horn, closing the showSegment: https://youtu.be/L7GMwS2ySK4

Joe Carlasare, an attorney, walks the room through AI copyright: whether AI output is a tool's product or a principal author's work decides if it can be protected at all, and why anonymous accounts offer no shelter from false-light judgments. Lorenzo opens on the Fed meeting with a simpler frame: he does not save in dollars, so he follows issuance, halvings, and difficulty instead of the rate decision. TC warns that AI can now read and write code better than humans, so every bug in every system is open season, and the room closes on a bet against Jason Calacanis that grows past $4 million.Loren and Terence host Bitcoin Today live on X, weekdays at 8:30 AM PT.X: @lorenhodlChapters:0:00:01.06 Opening banter, King James, sing-along0:00:57.54 Fed preview: I don't save in dollars0:01:43.88 Coinbase, Keystone hacks, trust no one0:02:44.92 Mad World, Halloween, and a sick room0:05:19.90 The $1M bet against Calacanis0:08:09.16 Cathie Wood's fund sold $16M Bitcoin0:08:50.38 Difficulty, hash rate, halvings0:09:57.24 Simply Bitcoin's 500K-sat meme contest0:12:06.12 Canada raised rates, EU revoked invite0:12:51.11 TC: AI finds every bug now0:16:10.14 Security wake-up: 2FA, password managers0:18:39.68 Google's sharded institutional custody0:21:48.40 AI bots, email access, privacy is gone0:25:20.49 Interactive Bitcoin white paper0:26:39.35 Mr. HODL: Grok, Gmail, privacy is gone0:32:14.16 One API key connects every model0:35:48.42 EntropyLab tonight, Chef's AI emails0:38:25.36 Law firm AI, stack Bitcoin exposure0:39:41.68 Built a game with AI, UI is dead0:41:34.74 AI emails to bad managers0:44:02.00 Wine advice: person vs prompt0:49:09.32 AI replaces the dumb and mediocre0:50:29.80 Harness, MCP, LLM: three pillars0:53:01.44 UI is dead, roles changed0:57:23.30 Pilot to control tower, experts matter1:02:09.50 Joe: AI copyright, tool vs author1:06:12.74 Memes, false light, $1M judgment1:10:01.37 Digital discovery, LLM confidentiality1:12:56.75 Joe: judgment can't be automated1:19:35.14 The bet grows to $4M against Calacanis1:21:24.68 Joe: slow down, emotional IQ1:24:57.10 Struggle, proof of work, think yourself1:33:36.50 Jimmy's flipped truck and community1:36:27.88 AI in Netflix writers' rooms, slop TV1:41:44.56 The bet hits $5M, closing the showWatch the full segment: https://youtu.be/fqBeQV2hzsY

Terence Michael hosts an open-floor Bitcoin Today room that starts with the simplest question in personal finance: what actually preserves savings when bonds sit doing nothing for decades and the 401k is supposed to be fine? The room builds a working elevator pitch for Bitcoin, from 17 years of persistence to self-custody, the circle of trust, and why a crisis is what finally makes people question everything. The throughline is practical: stop cherry-picking timeframes, keep your own keys, and judge money by what it preserves, not what it promises.Loren and Terence host Bitcoin Today live on X, weekdays at 8:30 AM PT.X: @lorenhodl, @proofofmoneyChapters:0:00:00 Information overload opens the show0:12:34 Bonds sat doing nothing for decades0:15:00 How do you save? The simple question0:15:39 Quantum hacks Bitcoin in ten years?0:16:17 Dollars are great, your 401k is fine0:25:48 Build an elevator pitch for Bitcoin0:33:05 A bridge to bring people in0:35:43 Bitcoin: lubricant for capitalism0:38:15 Bitcoin solves a real problem0:40:50 Wall Street billions in Bitcoin0:44:19 Stop cherry-picking timeframes0:48:04 A gallon of milk measures the money0:53:35 Coldcard security and self-custody0:57:43 The circle of trust1:04:47 Say the wrong thing, lose groceries1:06:04 Blockchain is instant and transparent1:10:50 An Austrian economist all along1:21:36 More debt, better credit score1:25:17 Bitcoin is hope, they laugh at us1:32:34 The mainstream story is false1:33:37 A second job to keep up1:35:53 The pitch depends on the person1:37:01 A crisis makes you question all1:49:56 Sign-off and closing banterWatch the segment: https://youtu.be/wmvvQhkFFjg