Stephan Livera Podcast
Stephan Livera
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Lyn Alden: BIP 110 Could Trigger August Bitcoin Chain Split | SLP757
Lyn Alden warns that BIP 110 is unlikely to curb spam and instead mostly rearranges non-monetary data, raising the risk of a minority fork attempt that could split the Bitcoin chain. Lyn Alden is a leading macro analyst and Bitcoiner who examines how fiscal dominance now overrides traditional monetary policy tools. She breaks down why high debt-to-GDP ratios prevent rate hikes from taming inflation, how broad money supply still expands 5-8 percent annually, the limits of semiconductor and AI valuations, and the structure of a new Bitcoin-backed permanent capital vehicle for acquiring cash-flowing businesses. Timestamps: 02:14 — BIP 110 Won't Stop Spam 04:56 — Bitcoin Faces August Chain Split Risk 12:12 — Bitcoin in Bottom Decile of Cycle 15:37 — Nothing Stops This Fiscal Train 18:04 — Why Volcker Can't Work Today 22:02 — Higher Rates Won't Break the System 24:44 — Net Issuance Matters, Not Gross Refi 27:34 — Fed Balance Sheet Stays Flattish 32:56 — Broad Money Grows Despite Flat Fed 36:05 — US Money Supply Growth Hits 5-8% 38:51 — Fiscal Dominance: Who Wins the Money? 41:50 — Why Semiconductors Print Money 45:13 — Software Stocks: Value Trap or Opportunity? 47:31 — AI Is the New Dot-Com Bubble 52:00 — Orange Juice: Bitcoin-Backed Business Buyer 57:57 — Permanent Capital Vehicle, Not a Fund 59:39 — Founders Keep Equity Upside After Sale Links: X: https://x.com/LynAldenContact Website: https://www.lynalden.com/0 BIP 110 debate ("motte-and-bailey" critique): https://x.com/LynAldenContact/status/2078599151043162159 Stephan Livera links: Follow me on X: @stephanlivera Subscribe to the podcast Subscribe to Substack
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