Stephan Livera Podcast

Stephan Livera
Stephan Livera Podcast

Join Stephan as he interviews the sharpest economic and technical minds in Bitcoin & Austrian Economics to help you understand how money is changing and evolving. Leading names in the world of Bitcoin join the show to share their insights, whether they are developers, CEOs, economists, authors, analysts and more.

  1. 5D AGO

    DMND: The First Full SV2 Mining Pool with Alejandro de la Torre | SLP649

    In this episode, Alejandro de la Torre, CEO and founder of Demand Pool, discusses the launch of their new Stratum V2 mining pool. Alejandro explains the importance of decentralization in Bitcoin mining, the risks associated with traditional mining pools, and how Demand Pool aims to create a fair and transparent system for miners.  The conversation covers the differences between payout structures like FPPS and PPLNS, the innovative Slice payment system, and the role of translation proxies in facilitating mining operations.  Alejandro also addresses the viability of mining pools and the importance of hash rate coordination. He also shares insights on global mining trends, the shift towards liquid cooling, and the challenges of censorship in the mining space.  Takeaways 🔸Demand Pool aims to address decentralization concerns in Bitcoin mining. 🔸Stratum V2 allows miners to build their own blocks, enhancing decentralization. 🔸FPPS payout structure creates centralization risks for miners. 🔸PPLNS is a fairer payout method compared to FPPS. 🔸The Slice payment system ensures fair distribution of transaction fees. 🔸Transparency in payment systems is crucial for miner trust. 🔸Translation proxies are necessary for current mining operations. 🔸Demand Pool focuses on larger miners to achieve operational viability. 🔸Decentralization is essential for Bitcoin's value and ethos. 🔸Alejandro is committed to improving the mining ecosystem. Constant payouts to miners are achievable with sufficient hash rate. 🔸FPPS and PPLNS have significant differences affecting miner payouts. 🔸Security in mining pools is paramount to protect miners' interests. 🔸A good mining pool prioritizes safety and incremental improvements. 🔸Connectivity and latency are critical factors for mining efficiency. 🔸Stratum V2 offers advancements over traditional mining protocols. 🔸FPPS may become obsolete as transaction fees increase in importance. 🔸Global trends show a rise in Bitcoin mining initiatives, especially in Africa. 🔸Liquid cooling presents advantages and challenges compared to air cooling. 🔸Censorship resistance is enhanced with Stratum V2, but challenges remain. Timestamps: (00:00) - Intro (01:00) - What is Demand pool?  (02:24) - What is Stratum V2?; Centralization risks in mining pools (07:42) - Understanding FPPS payout structure (12:52) - What is PPLNS ?  (14:44) - What is the Slice payment system? (18:53) - Difference between Demand Pool & OCEAN or Braiins (21:05) - Sponsors (23:35) - The role of translation proxy in mining; Current Stratum V2 support landscape (27:34) - How much hash rate is required to be viable as a pool?; Mining payouts  (30:24) - Impact of FPPS vs PPLNS on miners (33:02) - How does Stratum V2 enhance the security of the pool? (35:06) - What makes a ‘good mining pool’? (38:34) - The role of good connectivity and latency in mining (40:13) - Demand Pool vs SRI: A technical comparison (42:53) - Why do miners choose FPPS over PPLNS? (45:43) - Sponsors (47:22) - Global Bitcoin mining trends (53:52) - Liquid cooling vs Air cooling in Bitcoin mining (55:50) - Is Stratum V2 censorship resistant?  (59:07) - Closing thoughts Links:  https://x.com/bitentrepreneur  https://x.com/DEMAND_POOL  https://www.dmnd.work/  https://blog.dmnd.work/understanding-slice-pplns-jd/  Sponsors: Bold Bitcoin CoinKite.com (code LIVERA) Lana by Galoy Stephan Livera links: Follow me on X: @stephanlivera Subscribe to the podcast Subscribe to Substack

    1 hr
  2. 6D AGO

    There is no cycle with Checkmate | SLP648

    Stephan Livera and James Check discuss the evolving dynamics of the Bitcoin market, emphasizing the shift from traditional market cycles to a more complex interplay of macroeconomic factors and investor behavior. They explore the impact of institutional investors and ETFs on market sentiment, the psychological aspects of trading, and the importance of on-chain metrics in understanding market movements. The discussion highlights the need for investors to adapt their strategies and perspectives in a rapidly changing environment.  James emphasizes the importance of understanding market behavior and debunks several false narratives surrounding Bitcoin trading. The discussion also touches on the role of ETFs in the market and how they interact with on-chain data. Ultimately, James encourages listeners to trust their instincts while utilizing available data to make informed decisions in the ever-evolving Bitcoin landscape. Takeaways 🔸The Bitcoin market is evolving beyond traditional cycles. 🔸Market sentiment is influenced by macroeconomic factors. 🔸Institutional investors are changing the dynamics of Bitcoin trading. 🔸Emotional psychology plays a crucial role in trading decisions. 🔸On-chain metrics provide valuable insights into market behavior. 🔸Investors should focus on long-term trends rather than short-term fluctuations. 🔸Understanding the role of ETFs is essential for modern Bitcoin analysis. 🔸Diminishing returns and volatility are expected as Bitcoin matures. 🔸The herd mentality can lead to poor investment decisions. 🔸SOPR and other on-chain metrics are vital for informed trading. Funding rates are a reflection of market sentiment. 🔸Market corrections are a normal part of the bull market cycle. 🔸On-chain data provides valuable insights into market behavior. 🔸ETFs play a significant role in Bitcoin market dynamics. 🔸False narratives can cloud judgment in trading decisions. 🔸Understanding market gaps can help predict price movements. 🔸The importance of distinguishing between whale and exchange data. 🔸Supply shocks are often misunderstood in their implications. 🔸The multiplier effect is often exaggerated in Bitcoin discussions. 🔸On-chain data is a powerful tool for hodlers and traders alike. Timestamps: (00:00) - Intro (01:00) - There is no cycle? (04:58) - Is this time really different? (11:08) - Understanding Bitcoin market sentiments & structure (13:36) - Structural shifts in Bitcoin adoption?; Role of ETFs & Institutional investors (17:17) - Emotional psychology in trading Bitcoin (21:24) - Sponsors (24:37) - Will diminishing returns and volatility continue? (29:27) - What is SOPR (Spent Output Profit Ratio)?; Understanding market corrections (34:30) - Is $80K Bitcoin the ‘value zone’?; Importance of on-chain data (39:12) - CME Futures gap and air pockets (42:10) - How will the Bitcoin ETF buyer data be reflected on-chain? (45:08) - Debunking hopium narratives (Mr.100, supply shock, multiplier effect) (48:02) - Sponsors (53:26) - The UTXO data set is Bitcoin  (59:28) - Closing thoughts Links:  https://x.com/_Checkmatey_  Sponsors: Bold Bitcoin CoinKite.com (code LIVERA) Lana by Galoy Stephan Livera links: Follow me on X: @stephanlivera Subscribe to the podcast Subscribe to Substack

    1h 1m
  3. MAR 25

    Mining Bitcoin vs. Buying Bitcoin with Mason Jappa | SLP647

    In this episode, Mason Jappa, CEO of Blockware Solutions, discusses the current state and future of Bitcoin mining, particularly in the U.S. He highlights recent regulatory clarity from the SEC, the evolving mining landscape, and the economic dynamics affecting miners. Mason emphasizes the importance of technology, liquidity, and strategic partnerships in successful mining operations, while also addressing the ongoing debate between mining and simply holding Bitcoin. The discussion provides insights into the challenges and opportunities within the Bitcoin mining industry as it continues to grow and adapt.  Takeaways 🔸The SEC has provided favorable coverage for Bitcoin mining. 🔸Bitcoin mining remains strong despite market fluctuations. 🔸Mason Jappa is bullish on the future of Bitcoin mining. 🔸Blockware Solutions produces annual research reports on mining. 🔸Bitcoin price historically outpaces mining difficulty growth. 🔸Energy infrastructure deployment cannot keep up with Bitcoin price surges. 🔸Liquidity in mining assets is crucial for profitability. 🔸Choosing the right partners is essential for successful mining operations. 🔸Mining can yield more Bitcoin than simply buying and holding. 🔸Many public mining companies are currently unprofitable. There's a divide in strategies among public miners. 🔸Operational efficiency is crucial for Bitcoin miners. 🔸Current mining equipment prices are favorable for investment. 🔸Bitcoin mining can serve as a method for dollar cost averaging. 🔸Political risks could impact the future of Bitcoin mining. 🔸Market predictions for Bitcoin range from 150k to 400k. 🔸Innovations in mining technology are on the rise. 🔸Hydro and immersion cooling technologies are becoming more prevalent. 🔸Bitmain's monopoly in mining equipment is being challenged. 🔸Tax advantages exist for business owners in Bitcoin mining. Timestamps: (00:00) - Intro (01:14) - What does the current Bitcoin mining landscape look like? (05:40) - SEC’s regulatory clarity and the future of Bitcoin mining in the U.S (11:22) - Mining economics (14:15) - Cycles in Bitcoin mining - tech & policy (20:13) - Sponsors (22:31) - Buying Bitcoin vs Mining Bitcoin (27:15) - The free market of Bitcoin mining  (31:08) - “There are very few profitable Bitcoin miners” (33:53) - Should public mining companies raise debt to buy Bitcoin? (37:19) - Sponsors (38:20) - How operationally efficient is Bitcoin mining?; Mining equipment costs and Hosting rates (47:10) - The monetary risks with “Bitcoin yield” (50:40) - What is the typical IRR of Bitcoin mining? (52:23) - Impact of diminishing returns on Bitcoin mining; Potential future political risks  (55:35) - Market predictions, SBR and Bitcoin's future value (58:35) - What are the innovations to expect in Bitcoin mining? (1:03:34) - Concerns around Bitcoin pool mining centralisation Links:   https://x.com/Mason_Jappa  https://x.com/BlockwareTeam  Sponsors: Bold Bitcoin CoinKite.com (code LIVERA) Lana by Galoy Stephan Livera links: Follow me on X: @stephanlivera Subscribe to the podcast Subscribe to Substack

    1h 5m
  4. MAR 22

    Fixing Bitcoin Payment UX with Conor Okus and Stephen DeLorme | SLP646

    In this episode, Conor, Open Source product manager at Spiral & Stephen, Product Designer at Voltage & Co founder of ATL Bitlab join Stephan to discuss the current state of Bitcoin user experience, particularly focusing on payments and the challenges faced by users. They explore the comparison between Bitcoin and physical cash, the Western perspective on Bitcoin payments, and the importance of user experience in facilitating Bitcoin transactions.  They also touch upon various payment protocols like BOLT11, LNURL, and BOLT12, highlighting the need for interoperability and better privacy features in the Bitcoin ecosystem. The discussion also covers resources available for developers and designers to enhance wallet usability and integration. Takeaways 🔸Bitcoin has excelled as a savings technology. 🔸The payments use case for Bitcoin still needs improvement. 🔸User experience is crucial for Bitcoin adoption. 🔸Comparing Bitcoin to cash highlights privacy concerns. 🔸Western users may not see a payments problem. 🔸Regulatory issues impact Bitcoin payments in the West. 🔸User experience challenges hinder Bitcoin transactions. 🔸Different payment protocols create compatibility issues. 🔸Community collaboration is essential for Bitcoin's future. 🔸Improving interoperability can enhance Bitcoin payments. Wallet compatibility issues can create negative user impressions. 🔸Designers can significantly improve wallet user experience. 🔸Testing compatibility between wallets is essential for user satisfaction. 🔸Tether's integration may boost Bitcoin adoption. 🔸Developers should prioritize payment capabilities before receiving capabilities. 🔸Collaboration between designers and developers can lead to better products. 🔸User experience improvements can be low-hanging fruit for wallet projects. 🔸A global hackathon aims to promote miner decentralization. 🔸Resources like BOLT12 and the Bitcoin Design Guide are valuable for developers. 🔸Engaging with the community can lead to innovative solutions. Timestamps: (00:00) - Intro (01:10) - What is the current state of Bitcoin usage - Payments or Savings? (04:32) - Comparing Bitcoin with physical cash (07:08) - What is the western perspective on Bitcoin payments? (11:30) - Would people use Bitcoin more with improved UX? (17:05) - Exploring payment protocols: Bolt11, LNURL, Bolt12 & BIP353 (23:34) - Sponsors (30:14) - Navigating Bitcoin wallet compatibility challenges (34:45) - What is the role of designers in wallet development? (42:13) - Sponsors (43:13) - Rumble’s integration of Tether & Bitcoin; The impact of Tether on Bitcoin adoption (51:22) - Resources for wallet developers and designers Links:  https://x.com/conorokus https://x.com/StephenDeLorme  https://bolt12.org/   https://twelve.cash/  https://bitcoin.design/guide/  https://youtu.be/IWTpSN8IaLE?si=hYjDn7FSICTRoXW8  https://minehackers.atlbitlab.com/  Sponsors: Bold Bitcoin CoinKite.com (code LIVERA) Lana by Galoy Stephan Livera links: Follow me on X: @stephanlivera Subscribe to the podcast Subscribe to Substack

    56 min
  5. MAR 21

    Ark: Scaling Bitcoin Payments with Steven Roose | SLP645

    Stephan chats with Steven Roose, CEO of SecondBTC, about Ark, a new Layer 2 solution for Bitcoin that aims to simplify self-custodial payments. They discuss the challenges of onboarding new users to Bitcoin, the unique features of Ark compared to other solutions like Liquid and Cashu, and the importance of maintaining user control over funds.  The conversation also touches on the recent Signet launch, scalability concerns, and practical use cases for Ark in facilitating Bitcoin transactions. Steven also explores future plans for the Mainnet launch, the possibility of competing ARC servers, and the implications of CTV and CheckSig from Stack on efficiency gains in the Bitcoin ecosystem. Takeaways 🔸Ark aims to simplify self-custodial Bitcoin payments. 🔸The onboarding experience is crucial for new users. 🔸Ark allows users to receive payments without managing channels. 🔸Self-custodial solutions are essential for user control over funds. 🔸The server in Ark does not take custody of user funds. 🔸Rounds in Ark help refresh VTXOs and manage payments. 🔸Mobile experience is a key focus for Ark's development. 🔸Signet launch aims to engage early adopters and developers. 🔸Scalability will depend on user participation in rounds. 🔸Self-custody is important for both payments and savings in Bitcoin. There's not a lot of use on-chain currently. 🔸Ark focuses on retail payments, while Ark Labs targets app development. 🔸Liquidity constraints are minimized by user behavior in refreshing VTXOs. 🔸Fees will be charged at both server and app levels. 🔸The user experience with Ark is better than existing solutions. 🔸Covenants could significantly enhance Ark's functionality. 🔸The importance of liquidity management in server operations. 🔸Ark aims to onboard users who would otherwise use custodial wallets. 🔸The potential for competing Ark servers is currently low. 🔸Ark is actively being developed and tested on Signet. Timestamps: (00:00) - Intro (01:12) - What is Ark? (03:21) - What is the Ark approach to self-custody? (05:52) - Reducing the onboarding hurdle for users with Ark (07:32) - How does Ark compare with Liquid & eCash? (11:37) - How does a user interact with an Ark server? (12:41) - How do Ark rounds work? (17:07) - Who benefits from Ark? (25:05) - Ark mobile experience and app management challenges (27:20) - Ark’s signet launch (28:45) - What are the user limits for Ark? (33:25) - Practical use cases for Ark in Bitcoin transactions; Importance of self-custody in Bitcoin (38:27) - What is the difference between Second and Ark Labs? (40:48) - What are the liquidity constraints in Ark? (44:55) - Understanding the cost structures in Ark (49:49) - The role of custodial solutions for onboarding users; Plans for Mainnet launch (52:17) - Is there a possibility of competing Ark servers in the future? (55:20) - Liquidity management & user fees (59:04) - Ark’s future with CTV (1:07:32) - What is the potential of CTV and CHECKSIGFROMSTACK? (1:15:05) - The importance of Ark in Bitcoin's Ecosystem Links:  https://x.com/stevenroose3  https://x.com/2ndbtc  https://delvingbitcoin.org/t/ctv-csfs-can-we-reach-consensus-on-a-first-step-towards-covenants/1509  https://x.com/stevenroose3/status/1865141234026602784  Sponsors: Bold Bitcoin CoinKite.com (code LIVERA) Lana by Galoy Stephan Livera links: Follow me on X: @stephanlivera Subscribe to the podcast Subscribe to Substack

    1h 17m
  6. MAR 13

    Scaling Bitcoin with ZK Rollups with David Seroy and Sims | SLP644

    In this conversation with Stephan, David and Simanta discuss the implications of ZK Roll-ups for Bitcoin. They explore the benefits of ZK Roll-ups as a scaling solution, the trade-offs compared to other technologies like Lightning Network and sidechains, and the vision behind Alpen Labs.  The discussion also touches on the mechanics of ZK Roll-ups, user experience, and the potential impact of BitVM on the ecosystem. The conversation highlights the challenges and limitations of current technology while emphasizing the future possibilities for Bitcoin's programmability and user interaction.  David & Simanta also address the risks associated with ZK Rollups, particularly in terms of data availability and trust assumptions, while exploring the future of Bitcoin and the implications of increased data usage on the network. Takeaways 🔸ZK Roll-ups provide an alternative scaling solution for Bitcoin. 🔸They reduce trust assumptions compared to sidechains. 🔸ZK Roll-ups enhance programmability and expressivity for Bitcoin. 🔸Alpen Labs aims to build a truly open platform for Bitcoin. 🔸The team believes in Bitcoin as the best form of money. 🔸ZK Roll-ups can improve user experience and privacy. 🔸There are still limitations in Bitcoin's current technology. 🔸BitVM introduces new possibilities for ZK Roll-ups. 🔸The peg between ABTC and BTC is crucial for functionality. 🔸Future user experiences can be more intuitive and secure.  ZK Rollups can leverage existing EVM tooling and network effects. 🔸The target users for ZK Rollups are those needing stable coins and borrowing products. 🔸Competitive lending solutions on Bitcoin can outperform traditional finance. 🔸Minimizing trust assumptions is crucial for the security of ZK Rollups. 🔸Data availability is a key challenge that needs addressing in rollups. 🔸Users can choose their data availability options based on their needs. 🔸The design space for Bitcoin protocols is limited but can be expanded. 🔸Covenants could simplify the implementation of ZK Rollups on Bitcoin. 🔸Increased data usage on Bitcoin could lead to higher transaction fees. 🔸The future of Bitcoin may involve a mix of on-chain and off-chain solutions. Timestamps: (00:00) - Intro (01:00) - What are the benefits of ZK rollups for Bitcoin? (03:55) - What is the role of Alpen Labs in helping scale Bitcoin? (09:32) - Are ZK rollups beneficial to Bitcoin? (11:30) - The mechanics of ZK rollups (18:13) - Challenges and limitations of current tech in Bitcoin (20:47) - Sponsors (23:29) - How does BitVM complement ZK rollups? (31:46) - The experience of using A-BTC for the end user (35:16) - Building the network effects for ZK rollups on Bitcoin (39:11) - Who would be the users of A-BTC? (43:42) - The competitive lending solutions for Bitcoin (46:02) - What are the risks in ZK rollups? (50:47) - Sponsors (51:52) - What is the ‘Data Availability’ problem? (1:04:21) - What is the future of rollups on Bitcoin?  Links:  https://x.com/david_seroy  https://x.com/simanta_gautam  https://x.com/alpenlabs https://www.alpenlabs.io/ https://x.com/strata_BTC  https://www.alpenlabs.io/blog/introducing-the-strata-bridge https://x.com/david_seroy/status/1756719864046317792  Sponsors: Bold Bitcoin CoinKite.com (code LIVERA) Lana by Galoy Stephan Livera links: Follow me on X: @stephanlivera Subscribe to the podcast Subscribe to Substack

    1h 8m
  7. MAR 10

    Bitcoin Education & Adoption with Niftynei | SLP643

    Lisa, the founder of Base 58 and BTC++, discusses her focus on Bitcoin education and the growth of the Bitcoin++ conference series. She highlights the importance of building a global community of Bitcoin developers and the challenges of funding open-source projects.  In this conversation, Lisa and Stephan discuss the evolving landscape of Bitcoin, focusing on decentralization in block construction, the challenges faced by small miners, and the importance of mining incentives. They explore upcoming Bitcoin conferences and their themes, innovations in privacy, and the growth of the Lightning Network. The discussion emphasizes the need for better tooling and understanding of protocol changes to foster Bitcoin adoption and maintain its decentralized nature. Takeaways 🔸Lisa spends most of her time on Bitcoin++ events. 🔸The Bitcoin++ conference series aims to build a global developer community. 🔸There are about 250 full-time developers working on Bitcoin. 🔸Funding for Bitcoin development often comes from philanthropy. 🔸Education can create cash flow for Bitcoin projects. 🔸AI tools are changing how developers create and learn. 🔸Community interaction is essential for effective learning. 🔸The future of education may focus on entertainment and engagement. 🔸Thematic events can enhance the learning experience. 🔸Mempools and mining are critical topics in Bitcoin development. Decentralization in block construction is crucial for small miners. 🔸Mining incentives must be aligned to ensure network health. 🔸Privacy innovations like pay join and silent payments are vital. 🔸The Lightning Network is becoming more accessible and widely used. 🔸Payments in Bitcoin are driven by network effects among users. 🔸Tooling improvements are essential for broader Bitcoin adoption. 🔸Understanding Bitcoin protocol changes is necessary for community engagement. 🔸Upcoming conferences will focus on diverse themes in Bitcoin technology. 🔸Small miners require equal access to mempool transactions. 🔸The Bitcoin ecosystem is evolving with new privacy and scaling solutions. Timestamps: (00:00) - Intro (00:56) - What’s currently happening with Base58 & Bitcoin++? (02:19) - The need for growth of Bitcoin conferences (07:15) - What is the size of the Bitcoin developer community? (12:03) - The future of Bitcoin development & education; AI’s impact on Bitcoin learning & development  (18:34) - What is the role of community in learning? (20:10) - Sponsors (27:12) - What are the upcoming Bitcoin++ events? (30:09) - Evolution of mempool tools; Mining incentives; Challenges of small miners (36:18) - The importance of various themes in Bitcoin++ conferences  (39:27) - Sponsors (41:00) - What are the upcoming privacy innovations in Bitcoin to look forward to? (46:43) - Understanding Bitcoin protocol changes (49:40) - The growth of Lightning Network (55:12) - Closing thoughts Links:  https://x.com/niftynei  https://btcpp.dev/  https://x.com/base58btc  https://x.com/btcplusplus  Sponsors: Bold Bitcoin CoinKite.com (code LIVERA) Lana by Galoy Stephan Livera links: Follow me on X: @stephanlivera Subscribe to the podcast Subscribe to Substack

    56 min
  8. MAR 5

    Bitcoin-collateralized loans with Philipp Hoenisch | SLP642

    Stephan discusses the evolution of Bitcoin and the challenges of self-custody with Philip Hoenisch, co-founder of Lendasat. They explore the transition from traditional finance to on-chain solutions, the importance of self-custody, and the ideological divides within the Bitcoin community.  Philipp shares his insight on the intricacies of Bitcoin lending, focusing on liquidation processes, collateralization ratios, and the role of technology in managing these aspects. He explains the cost structures associated with lending, including origination fees and transaction costs, and explores the potential for loan rollovers and credit lines. The discussion also touches on the future of stablecoins amidst regulatory risks and the growth of the lending market, particularly from the perspective of lenders. Finally, the conversation highlights the impact of technological innovations like CheckTemplateVerify (CTV) on the Bitcoin ecosystem. Takeaways 🔸Bitcoin is a cypherpunk tool for decentralization. 🔸Self-custody is essential for true Bitcoin adoption. 🔸The traditional finance system is not designed for self-sovereignty. 🔸Many people are not technically equipped to self-custody Bitcoin. 🔸Lendasat aims to provide a collateralized lending solution for Bitcoin. 🔸Interest rates in Bitcoin lending are expected to decrease over time. 🔸KYC regulations are a significant hurdle for Bitcoin lending platforms. 🔸DLCs can automate and secure loan agreements on Bitcoin. 🔸User experience is crucial for broader Bitcoin adoption. 🔸The future of lending may involve integrating fiat and stablecoins. Liquidation occurs when collateral falls below a certain threshold. 🔸Lenders can set their own collateralization ratios. 🔸Technology plays a crucial role in monitoring liquidation events. 🔸The app automates notifications for lenders regarding their loans. 🔸Origination fees are a primary cost in Bitcoin lending. 🔸Loan rollovers allow borrowers to extend their loans easily. 🔸Stablecoins face regulatory risks that could impact their use. 🔸Lenders may come from both retail and institutional backgrounds. 🔸The future of lending may involve innovative financial products. 🔸Technological advancements like CTV could enhance Bitcoin's lending capabilities. Timestamps: (00:00) - Intro (00:52) - Pivoting from 10101 Finance to Lendasat (03:15) - Will the future of Bitcoin be On-chain or TradFi?; The importance of self-custody in Bitcoin (08:29) - Is there an ideological echo chamber hindering Bitcoin’s adoption? (11:49) - The case for Lendasat  (14:26) - Managing interest rates and loan terms in Bitcoin lending (19:43) - Sponsors (22:00) - What are the KYC & AML related hurdles in Bitcoin lending?  (23:22) - What is Lendasat ? (30:53) - How does DLC work in Bitcoin lending with Lendasat?  (33:47) - Understanding liquidation criteria and collateralization terms with Lendasat (35:34) - How is technology overseeing liquidation processes? (39:04) - Sponsors (43:16) - Cost structures, loan rollovers and credit lines (48:57) - The future of stablecoins (54:29) - Lender’s perspective and market growth potential  (56:45) - What will be the impact of CTV on Bitcoin lending markets?  (59:53) - Closing thoughts Links:  https://x.com/bonomat  https://x.com/lendasat  https://lendasat.com/  Sponsors: Bold Bitcoin CoinKite.com (code LIVERA) Lana by Galoy Stephan Livera links: Follow me on X: @stephanlivera Subscribe to the podcast Subscribe to Substack

    1h 2m
4.9
out of 5
398 Ratings

About

Join Stephan as he interviews the sharpest economic and technical minds in Bitcoin & Austrian Economics to help you understand how money is changing and evolving. Leading names in the world of Bitcoin join the show to share their insights, whether they are developers, CEOs, economists, authors, analysts and more.

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