Banking for Bitcoiners with Bold with Zack Pardey | SLP669

Becca Rubenfeld, COO and co-founder of Anchor Watch, discusses the evolution of Bitcoin insurance and custody. She shares her personal journey to Bitcoin, insights on the economic implications of national debt, and how Anchor Watch addresses the need for insurance in the Bitcoin space. The conversation covers the technical aspects of Bitcoin custody, the claims process, and the costs associated with insurance policies. Becca also highlights the importance of custom solutions for companies and the future of Bitcoin insurance in corporate adoption.Takeaways🔸Becca's childhood curiosity about national debt led her to Bitcoin.🔸Bitcoin insurance is essential for self-custody holders.🔸The evolution of custody technology is linked to the lack of insurance.🔸Anchor Watch aims to fill the insurance gap in Bitcoin.🔸Insurance policies are underwritten by Lloyds of London.🔸The claims process is separate from bankruptcy claims like Mt. Gox.🔸Time locks in Bitcoin custody enhance security.🔸Custom solutions are available for large companies.🔸Bitcoin insurance can help manage risks associated with volatility.🔸The future of Bitcoin insurance is tied to corporate adoption.Timestamps:(00:00) - Intro(01:16) - What drew Becca to Bitcoin?(06:40) - How has the Bitcoin custody landscape evolved over the years? (13:28) - Understanding Bitcoin Insurance & its challenges(17:44) - How does the claims process work?(21:50) - What scenarios does Bitcoin insurance cover?(24:22) - Sponsors (26:23) - What is the role of Miniscript & Timelocks in @AnchorWatch?(31:22) - Typical recovery layers in Anchor Watch (37:57) - What's the cost of bitcoin custody insurance?(39:24) - Bitcoin insurance for companies vs. individuals(43:06) - Transaction verification & Customer relationships(46:37) - What are the supported hardware wallets?; Recovery options (47:46) - Sponsors(52:56) - The challenges of Bitcoin-denominated insurance(59:32) - Bitcoin insurance for Bitcoin Treasury Companies (BTCTC)(1:07:15) - Who should use Anchor Watch?Links: https://x.com/BeccaAmileehttps://x.com/AnchorWatchhttps://www.anchorwatch.com/ Sponsors:Bold BitcoinCoinKite.com (code LIVERA)Lana by GaloyStephan Livera links:Follow me on X: @stephanliveraSubscribe to the podcastSubscribe to Substack

In this episode, Hunter Beast discusses the potential threats posed by quantum computing to Bitcoin and the proposed solutions, including BIP 360, which aims to introduce quantum-resistant hashes. The conversation delves into the technical aspects of Bitcoin's cryptography, the vulnerabilities associated with address reuse, and the importance of community feedback in developing effective solutions. Hunter emphasizes the urgency of preparing for quantum threats and the need for a collaborative approach to ensure Bitcoin's security in the future.Takeaways🔸Quantum computing poses a real threat to Bitcoin's security.🔸BIP 360 aims to introduce quantum-resistant hashes to Bitcoin.🔸Address reuse increases vulnerability to quantum attacks.🔸The community must work together to prepare for quantum threats.🔸Feedback from the community is crucial for developing solutions.🔸Bitcoin's upgrade process is notoriously difficult and slow.🔸The economic model of Bitcoin relies on its value stability.🔸Hunter emphasizes the importance of being proactive rather than reactive.🔸The Hourglass concept aims to manage quantum vulnerable coins effectively.🔸Future advancements in quantum cryptography may influence Bitcoin's security strategies.Timestamps:(00:00) – Intro(03:10) – How has the quantum threat changed recently?(08:50) – Walking through the quantum threat(11:50) – Why address reuse is risky(14:55) – BIP360: A fix for quantum attacks(16:09) - Sponsors(17:55) – Signature types and security(20:55) – Walking through quantum resistant signature algorithms(23:50) – What a quantum-safe Bitcoin might look like(35:02) - Sponsors(37:50) – Impact on bitcoin block size(42:35) – Challenges with upgrading  and what else has to change?(50:27) – What about advancements on Post Quantum Cryptography?(53:00) - Hourglass - Rate limiting Quantum vulnerable coin spends(1:00:49) – How long does it take to transition to Quantum resistant?(01:03:30) – Closing thoughtsLinks: https://x.com/cryptoquick https://bip360.org/Sponsors:Bold BitcoinCoinKite.com (code LIVERA)Lana by GaloyStephan Livera links:Follow me on X: @stephanliveraSubscribe to the podcastSubscribe to Substack

In this episode, Stephan reconnects with Stephen Cole to discuss the evolving landscape of Bitcoin, particularly focusing on the rise of Bitcoin treasury companies and the launch of Castle, a new venture aimed at automating Bitcoin treasury management for small and medium businesses. They explore the implications of Bitcoin adoption for small businesses, the importance of hard tech, and the potential for Bitcoin to serve as a foundational asset for future innovations. The conversation emphasizes the need for businesses to adapt to sound money principles and the role of technology in facilitating this transition.Takeaways🔸Companies upgrading to sound money is a positive trend.🔸Castle aims to automate Bitcoin treasury management for SMBs.🔸Dynamic strategies for Bitcoin acquisition can adapt to revenue fluctuations.🔸Small businesses can benefit from Bitcoin as a savings asset.🔸The failure rates of small businesses highlight the need for better financial strategies.🔸Hard tech and sound money are interconnected for societal progress.🔸Bitcoin's supply predictability offers unprecedented security for wealth.🔸Investing in Bitcoin can empower small businesses against inflation.🔸The acceptance of Bitcoin as a balance sheet asset is increasing.🔸The future of venture capital may include Bitcoin-denominated contracts.Timestamps:(00:00) Intro(03:05) The Rise of Bitcoin Treasury Companies(04:30) Stephen’s background and introducing Castle(08:52) Castle's Unique Approach to Bitcoin Treasury Management(12:02) Automation and Integration for Small Businesses(15:04) Sponsors(20:00) Bitcoin adoption amongst Small Businesses(25:00) Business Failure Rates under the Fiat Standard(30:00) Ideology or Technology?(32:23) The Challenge of Outperforming Bitcoin(33:27) Sponsors(35:15) Bitcoin denominated investing(39:55) Should early stage start ups hold Bitcoin in Treasury?(45:20) Hard Tech and BitcoinLinks: https://x.com/sthenchttps://x.com/orqestraio https://savewithcastle.com/aboutSponsors:Bold BitcoinCoinKite.com (code LIVERA)Lana by GaloyStephan Livera links:Follow me on X: @stephanliveraSubscribe to the podcastSubscribe to Substack

Clara Shikhelman Head of Research at ChaincodeLabs and Anthony Milton join me to explain the quantum threat to Bitcoin and possible mitigations:Timestamps:(00:00) Intro(02:46) Understanding Quantum Computing and Bitcoin Security(05:42) The Impact on Bitcoin Private keys(08:34) Mining and Quantum Computing(10:50) How many coins are vulnerable? (14:00) Bitcoin script types(19:37) Sponsors(21:25) Immediate call to action - stop address re use(25:20) What do we do if a QC appears? Burn vs Steal(34:00) Short Range vs Long Range Quantum attacks(37:04) Sponsors(41:25) Mitigating Quantum Threats: CDR and QRAMP Schemes(47:09) Selecting Quantum Resistant Algorithms(53:18) The Dual Track Approach to Quantum Security(57:38) Summary and closing thoughtsLinks: Report: https://chaincode.com/bitcoin-post-quantum.pdf Site: https://pq-bitcoin.org/https://x.com/ozdeadmanhttps://x.com/ClaraShikSponsors:Bold BitcoinCoinKite.com (code LIVERA)Lana by GaloyStephan Livera links:Follow me on X: @stephanliveraSubscribe to the podcastSubscribe to Substack

Zach Pardey, CEO and co-founder of Bold, a Bitcoin-focused banking platform, discusses Zach's journey into the Bitcoin space, the societal issues stemming from fiat systems, and how Bitcoin can serve as a solution. The conversation delves into the integration of Bitcoin with traditional banking, the unique offerings of Bold, including Bitcoin rewards and self-custody options, and the emerging trend of Bitcoin treasury companies. Zach emphasizes the importance of self-custody and the need for financial education in the Bitcoin space.Takeaways🔸Zach Pardey's background in engineering and business led him to Bitcoin.🔸San Francisco's societal decay influenced Zach's views on fiat systems.🔸COVID-19 highlighted the failures of government responses and fiat control.🔸Bitcoin serves as a solution to the problems created by fiat currency.🔸Integrating Bitcoin with traditional banking is essential for mainstream adoption.🔸Bold offers a Bitcoin-only banking platform with unique rewards.🔸Self-custody is crucial for Bitcoin holders to ensure security.🔸Bitcoin treasury companies are a growing trend in institutional adoption.🔸Maintaining some fiat is important for psychological resilience during volatility.🔸Education and tools are needed to help new users adopt Bitcoin.Timestamps:(00:00) Introduction to Bold and Bitcoin(02:18) Zach's Journey to Bitcoin and Observations in San Francisco(05:55) The Impact of Fiat Systems on Society(13:11) Bitcoin as a Solution to Fiat Problems(18:11) Sponsors(19:14) Integrating Bitcoin with Traditional Banking(25:17) Bold's Unique Offerings and Services(31:19) Sponsors(33:05) Self-Custody and User Experience with Bold(42:09) Bitcoin Treasury Companies and Their Impact(52:07) Final Thoughts and Future of BitcoinLinks: https://x.com/ZacharyPardeyhttps://x.com/BoldBitcoinSponsors:Bold BitcoinCoinKite.com (code LIVERA)Lana by GaloyStephan Livera links:Follow me on X: @stephanliveraSubscribe to the podcastSubscribe to Substack

In this episode, Aaron discusses his book 'The Sovereign Child' and his unique approach to parenting, which is influenced by libertarian philosophy and the ideas of David Deutsch. Stupple emphasizes the importance of understanding children's reasons for their behavior rather than imposing authoritarian discipline. He advocates for a parenting style that maximizes freedom and autonomy while still providing guidance and support. The conversation also explores the importance of allowing children to make their own choices, particularly regarding food and screen time. He emphasizes the need for parents to create an engaging environment that fosters autonomy while also ensuring safety. The discussion further covers the balance between providing structure and allowing freedom, the misconceptions surrounding screen time, and the critical role of trust in parent-child relationships.Takeaways🔸Aaron Stupple's journey into parenting philosophy began with his interest in David Deutsch's ideas.🔸The book 'The Sovereign Child' presents a libertarian approach to parenting.🔸Parenting should not be authoritarian but rather supportive and understanding.🔸Understanding a child's reasons for their behavior is crucial for effective parenting.🔸Politeness in children should be taught through understanding, not fear of punishment.🔸The philosophy emphasizes the importance of autonomy in childhood development.🔸Children should be allowed to explore their preferences and make choices.🔸Brushing teeth can be made fun and engaging to encourage good habits.🔸Parents should focus on the reasons behind a child's actions rather than just the actions themselves.🔸Taking children seriously means valuing their reasoning and perspectives. Taking no for an answer is crucial in parenting.🔸Creating appealing choices for children encourages voluntary participation.🔸Children learn best when they feel they have agency.🔸Food restrictions can lead to binge eating when access is granted.🔸Trust is essential for open communication between parents and children.🔸Children need to understand the reasons behind rules for better compliance.🔸Screen time should not be viewed as inherently harmful.🔸Parents should guide rather than control their children's choices.🔸Engaging children in fun activities can prevent risky behavior.🔸Building a strong bond of trust leads to healthier relationships.Timestamps:(00:00) - Intro(00:39) - Aaron’s background & influence of David Deutsch’s school of thought (03:59) - How does a libertarian approach shape parenting? (07:20) - Practical applications of parenting philosophy(10:58) - Should discipline be imposed on children? (14:41) - ‘Taking Children Seriously’ - what does it mean?(19:07) - Sponsors (21:08) - Addressing reasons behind children’s behavior; A child’s autonomy of choices(26:52) - The struggle between choices & restrictions (29:55) - Balancing between safety and freedom of choice(32:36) - Sponsors (33:43) - The myths & realities of reducing screen time (41:00) - Why is building trust with your children important for open communication?Links: https://x.com/astupple https://www.thesovereignchild.com/ Sponsors:Bold BitcoinCoinKite.com (code LIVERA)Lana by GaloyStephan Livera links:Follow me on X: @stephanliveraSubscribe to the podcastSubscribe to Substack

Stephan & Matt discuss the ‘Save Our Wallets’ campaign, which aims to protect non-custodial wallets from regulatory challenges posed by the U.S. government. He highlights the legal risks developers face due to broad interpretations of regulations and the potential consequences of future administrations. The importance of advocacy for legislative change, user engagement, and improving user experience in Bitcoin transactions are emphasized. Additionally, the conversation touches on the implications of AML and FATF regulations, the evolution of wallet technologies, and the need for research into Miner Extractable Value (MEV) in Bitcoin. They also discuss various aspects of Bitcoin and Ethereum, focusing on the implications of MEV (Miner Extractable Value), the risks of mining centralization, and the importance of investing in solutions rather than relying on consensus changes. They explore the challenges posed by private order flow, the philosophical differences in Bitcoin development, and the future of Bitcoin Core and node adoption.Takeaways🔸The Save Our Wallets campaign aims to protect non-custodial wallets from regulatory overreach.🔸Legal challenges are arising for developers of non-custodial wallets due to broad interpretations of money service business regulations.🔸The DOJ's actions against Samurai Wallet highlight the risks for privacy-focused services in the cryptocurrency space.🔸Future administrations may pose additional risks to non-custodial wallets if laws are not changed.🔸Advocacy efforts are crucial to push for legislative changes that protect non-custodial wallets.🔸User engagement is essential for demonstrating public support for non-custodial wallet protections.🔸AML and FATF regulations create risks for users and developers in the cryptocurrency space.🔸User experience in Bitcoin transactions remains a significant barrier to adoption.🔸The development of graduated wallets could improve user experience and security for Bitcoin users.🔸Research into MEV (Miner Extractable Value) is necessary to understand and mitigate risks in Bitcoin. Investing in solutions is preferable to consensus changes.🔸MEV is seen as an inevitable challenge in blockchain.🔸Mining centralization poses significant risks to Bitcoin's future.🔸Private order flow can lead to worse price execution for users.🔸Relay policy can nudge users towards better practices.🔸Philosophical differences exist in Bitcoin development approaches.🔸Decentralizing block template creation is crucial for Bitcoin's health.🔸Layer 2 solutions like Lightning are essential for scaling.🔸Regulatory protection is necessary for non-custodial wallet developers.🔸The future of Bitcoin Core depends on community engagement and adoption.Timestamps:(00:00) - Intro(00:43) - What is the ‘Save Our Wallets’ campaign? (07:00) - What is the role of FinCEN & DOJ in regulation(10:25) - Save Our walets advocating for legislative changes (20:22) - The importance of CLARITY Act(23:26) - What are the broader implications of AML & FATF regulations? (27:42) - The challenge of bad user experience for onboarding masses to Bitcoin(32:21) - Innovations in Bitcoin wallets; BIP 353 - DNS Payment Instructions(40:36) - Understanding MEVil risks in Bitcoin(48:05) - Mitigating MEVil risks in Bitcoin(59:25) - Mining Centralization and Profitability(1:12:22) - Comparing RBF debates to the current relay policy debates(1:21:48) - Philosophical differences in Bitcoin governance(1:31:11) - Will Bitcoin core remain the dominant implementation?(1:34:00) - Trusted & non-trusted Layer 2 solutions (1:41:40) - Closing thoughtsLinks: https://x.com/TheBlueMatt https://bluematt.bitcoin.ninja/ https://saveourwallets.org/https://bitcoinmagazine.com/technical/mevpool-the-best-bandaid-we-have-for-mev Sponsors:Bold BitcoinCoinKite.com (code LIVERA)Lana by GaloyStephan Livera links:Follow me on X: @stephanliveraSubscribe to the podcastSubscribe to Substack

Blake & Stephan discusses the emerging concept of Bitcoin treasury companies, their role in the debt market, and the potential benefits and risks associated with them. He emphasizes the proactive approach these companies take to bring capital into Bitcoin, the importance of understanding the mechanics behind their operations, and the sustainability of their net asset value (MNAV). The discussion also touches on investment strategies, personal perspectives on risk, and the future of Bitcoin treasury companies in the evolving financial landscape.Takeaways🔸Bitcoin treasury companies tap into the debt market to bring capital into Bitcoin.🔸The debt market is a significant opportunity for Bitcoin growth.🔸Concerns exist regarding the ethos of Bitcoin and the use of debt.🔸Bitcoin treasury companies can influence governance and attract institutional investors.🔸The sustainability of mNAV is crucial for the success of these companies.🔸Different financial instruments can enhance Bitcoin yield for shareholders.🔸The risk of state capture is a concern for Bitcoin treasury companies.🔸Investors should consider their personal risk tolerance when investing in these companies.🔸The potential for Bitcoin treasury companies to onboard new investors is significant.🔸Understanding the mechanics of these companies is essential for informed investment decisions.Timestamps:(00:00) - Intro(01:08) - Debt market will flow into Bitcoin through treasury companies(04:49) - Parallels between treasury companies and altcoins (07:40) - What are the different approaches to acquire Bitcoin for a company? (12:18) - What is mNAV & why must it be greater than 1? (17:29) - Sustainability of Bitcoin treasury strategies(21:46) - Sponsors(23:35) - Analyzing various Bitcoin treasury companies (29:01) - What is BTC Torque?; Understanding Fiat Convertible Debt(35:37) - Global demand for Bitcoin treasury companies (39:59) - Did GameStop fumble its Bitcoin strategy? (42:12) - Understanding mNAV & Bitcoin Yield(45:00) - Risk vs reward analysis of investing in Bitcoin treasury companies(51:08) - What can go wrong with the treasury companies? (53:37) - Sponsors(59:28) - Can Strategy pay off the interest obligations of their preferred stocks?(1:01:19) - What are the biggest risks for a Bitcoin treasury company?(1:02:28) - Thesis for rotating profits from treasury companies into Bitcoin; Tax (in)efficiency models(1:09:55) - What is the future of Bitcoin treasury companies?(1:13:05) - Closing thoughts Links: https://x.com/LogicalBitcoinr Sponsors:Bold BitcoinCoinKite.com (code LIVERA)Lana by GaloyStephan Livera links:Follow me on X: @stephanliveraSubscribe to the podcastSubscribe to Substack

Lyudmyla Kozlovska, President, Open Dialogue Foundation discusses the intersection of Bitcoin, human rights, and the weaponization of financial regulations. She highlights the dangers of transnational financial repression, where authoritarian regimes exploit financial action task force (FATF) and anti-money laundering (AML) regulations to target individuals and organizations. The discussion emphasizes the need for privacy protection, legislative change, and active advocacy to safeguard civil liberties in the face of increasing surveillance and repression.Takeaways🔸The FATF and AML regulations can be weaponized against individuals.🔸Transnational financial repression is a growing concern for activists.🔸Privacy tools are essential for protecting personal data.🔸Legislative initiatives are needed to combat financial repression.🔸Bitcoin can serve as a tool for financial freedom.🔸Awareness and education are crucial in addressing these issues.🔸Collaboration among activists and legislators is necessary.🔸Real-world examples illustrate the impact of financial repression.🔸Data privacy is increasingly at risk in the digital age.🔸Active participation from citizens can drive change.Timestamps:(00:00) - Intro(01:30) - Are financial regulations being weaponized?(07:35) - What is Transnational Financial Repression?(12:11) - Sponsors(14:55) - Real-world impacts of financial repression(19:25) - The role of Bitcoin in protecting privacy(24:07) - The abuse of data and importance of data privacy(27:31) - Sponsors(28:36) - What should be the protocol for law enforcement to request financial data?(35:34) - Call to Action for ListenersLinks: https://x.com/LyudaKozlovska https://primal.net/profile/npub13ajk3hhvqys2ev4y68jwxywgs8fsdsuk4y5gkzs874jdyrccvf5qak2yd9 Lyuda’s Telegram:@LK2017LKSite / Support ODF: https://en.odfoundation.eu/projects-and-campaigns/combating-financial-exclusion-and-work-of-btc-coalition/ https://x.com/ODFoundation Report on Barlyk Mendygaziyev's case: https://en.odfoundation.eu/a/727011,transnational-repression-against-barlyk-mendygaziyev/ Sponsors:Bold BitcoinCoinKite.com (code LIVERA)Lana by GaloyStephan Livera links:Follow me on X: @stephanliveraSubscribe to the podcastSubscribe to Substack

Igor Neumann, co-founder of Firefish, discusses the innovative approach of their Bitcoin lending platform. Firefish operates as a decentralized marketplace connecting borrowers and lenders, allowing users to leverage their Bitcoin as collateral for loans. Igor explains the unique features of their protocol, the loan terms, user demographics, and the growing interest in Bitcoin collateralized loans. He also addresses the technical aspects of their platform, including liquidation processes and compliance with regulations, while highlighting the evolving landscape of Bitcoin lending in the EU.Takeaways🔸Firefish is a Czech-based startup focused on Bitcoin-backed loans.🔸The platform operates as a decentralized marketplace, not a centralized lender.🔸Borrowers drive the interest rates on loans, creating a unique market dynamic.🔸Bitcoiners prefer to use their assets as collateral rather than selling them.🔸The platform has seen increasing interest from SMEs and high net worth individuals.🔸Firefish's protocol uses multi-signature and oracles for security and efficiency.🔸Liquidation processes are designed to protect both borrowers and lenders.🔸The platform provides legal documentation to assist users with bank compliance.🔸Regulatory changes in the EU are positively impacting Bitcoin adoption.🔸The market for Bitcoin lending is maturing, with growing institutional interest. Timestamps:(00:00) - Intro(00:54) - What is Firefish?(03:39) - How is Firefish different from other lending protocols/platforms? (06:38) - What are the loan terms on Firefish? (10:33) - The user types and marketplace dynamics(13:40) - Bitcoin adoption among Czech SMEs; Market risks & future predictions(20:34) - Sponsors(21:50) - What is the underlying technology of Firefish?(27:25) - The role of pre-signed transactions(31:44) - Emergency recovery scenario on Firefish(35:48) - Dispute resolution in P2P lending(38:56) - Does Firefish use DLC?(40:46) - Navigating TradFi banking challenges in P2P lending(42:34) - Sponsors(45:40) - What are liquidation premiums on Firefish?(46:38) - The evolving landscape of Bitcoin regulations in EU(50:31) - Is there a growing interest in Bitcoin collateralized loans?(55:47) - Closing thoughtsLinks: https://firefish.io/https://x.com/firefish_io Sponsors:Bold BitcoinCoinKite.com (code LIVERA)Lana by GaloyStephan Livera links:Follow me on X: @stephanliveraSubscribe to the podcastSubscribe to Substack