Blockspace: AI News

Bitcoin By The Numbers in 2025

You're listening to Bitcoin Season 2. Subscribe to the newsletter, trusted by over 7,000 Bitcoiners: https://newsletter.blockspacemedia.com We break down the 2024 River Financial Report. What countries are buying? Which funds are buying? What does the average Bitcoin user look like? And what the heck is up with Lightning these days? Notes: • Lightning mixed: up & down • ETFs are buying individuals Bitcoin • Sovereigns are starting to but BTC • Good vs Bad changes to Bitcoin in 2024 Check out our Bitcoin scaling conference! Visit opnext.dev to learn more. Timestamps 00:00 Intro Bitcoin Season 2 Writers Room 00:22 Institutions Are Buying All Your Bitcoin 02:42 How ETFs & Institutions Are Changing Bitcoin 05:35 MicroStrategy’s Massive Bitcoin Holdings 09:45 Arch Network 10:16 Nation States 12:03 Nation-States & Governments Holding Bitcoin 16:26 Bitcoin’s Bull Case How Early Are We 22:27 ETFs & The 2024 Bitcoin Bull Market 26:50 The State of the Bitcoin Lightning Network 39:00 Stablecoins Adoption & Bitcoin’s Use Cases 42:03 Bitcoin Protocol Upgrades & Future Development - 👉 Brought to you by Arch Network! Arch brings the speed of Solana & the best of crypto UX to Bitcoin. Tap into the rich app ecosystem on Arch & try out the testnet while you’re still early! Visit arch.network to learn more. - 👋Bitcoin Season 2 is produced Blockspace Media, Bitcoin’s first B2B publication in Bitcoin. Follow us on Twitter and check out our newsletter for the best information in Bitcoin mining, Ordinals and tech! Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? hello@blockspace.media Learn more about your ad choices. Visit megaphone.fm/adchoices

Diving Even Deeper on Quantum Bitcoin

A lot has happened since our last conversation with Hunter just 3 months ago. The Bitcoin developer mailing list has been popping off and now everyone’s talking about Quantum Bitcoin. But what’s changed? What new debates have kicked off & what are their implications? And should we confiscate Satoshi’s coins if they get quantum hacked? Notes: • Should we steal Satoshi’s coins? • Does quantum need a block size increase? • Which bitcoin is most vulnerable? • Has the “best” solution changed in the past 6 months? Check out our Bitcoin scaling conference! Visit opnext.dev to learn more. Timestamps 00:00 Introduction & Controversial Bitcoin Proposal 02:03 Bitcoin’s Quantum Security Threat 05:01 How Quantum Computers Could Steal Bitcoin 08:07 The Debate on Locking Satoshi’s Coins 12:24 Bitcoin Censorship vs. Core Values 19:53 Arch Network 20:27 Preparing Bitcoin for a Quantum Future 29:23 Evaluating Quantum-Resistant Cryptography 36:14 Block Size Weight & Transaction Discounts Explained 44:41 Security Implications for Bitcoin Miners 52:40 Conclusion & How to Get Involved - 👉 Brought to you by Arch Network! Arch brings the speed of Solana & the best of crypto UX to Bitcoin. Tap into the rich app ecosystem on Arch & try out the testnet while you’re still early! Visit arch.network to learn more. - 👋Bitcoin Season 2 is produced Blockspace Media, Bitcoin’s first B2B publication in Bitcoin. Follow us on Twitter and check out our newsletter for the best information in Bitcoin mining, Ordinals and tech! Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? hello@blockspace.media Learn more about your ad choices. Visit megaphone.fm/adchoices

He Solved Bitcoin Memecoins!

Bob Bodily explains how Odin.fun hides all the complexities of Bitcoin so the users get straight to doing what they want: trading tokens fast. Odin.fun solves the bonding issue, the token namespace reservations, threshold signing, etc. But at the end of the day you have to solve the biggest problem: user acquisition. Notes: • Chain abstraction for Bitcoin • Engineering challenges of Bitcoin tokens • User experience vs technical complexity • Going head-to-head with the Solana ecosystem Check out our Bitcoin scaling conference! Visit opnext.dev to learn more. Timestamps 2:30 What is Odin.fun? 4:36 Why Are Runes Hard to Design For? 7:00 Under the Hood 9:44 Arch Network 10:16 Asian Markets 13:57 Token Creation on L2 15:57 Front Running 18:47 Abstracting Away Complexity 22:38 Current BTC Developments 24:52 OP_CAT 28:43 Plans for BRC20 - 👉 Brought to you by Arch Network! Arch brings the speed of Solana & the best of crypto UX to Bitcoin. Tap into the rich app ecosystem on Arch & try out the testnet while you’re still early! Visit arch.network to learn more. - 👋Bitcoin Season 2 is produced Blockspace Media, Bitcoin’s first B2B publication in Bitcoin. Follow us on Twitter and check out our newsletter for the best information in Bitcoin mining, Ordinals and tech! Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? hello@blockspace.media Learn more about your ad choices. Visit megaphone.fm/adchoices

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The Six Bitcoin Stakeholder Groups w/ Lyn Alden

Lyn Alden’s just dropped a report a little different than her normal Bitcoin & macro focus: Bitcoin Consensus. She takes us through defining the various stakeholder groups and how the game theory works as these groups’ influence wax and wane. You're listening to Bitcoin Season 2. Subscribe to the newsletter, trusted by over 7,000 Bitcoiners: https://newsletter.blockspacemedia.com Notes: • What is an Economic Node • What are the Six Bitcoin Stakeholder groups? • Protocol Developers power • Game Theory of stakeholder power dynamics Check out our Bitcoin scaling conference! Visit opnext.dev to learn more. Timestamps 00:00 - Intro 02:52 - Lynn’s Background & Bitcoin Research 05:16 - The Six Bitcoin Stakeholder Groups 08:09 - Economic Nodes 12:03 - Miners vs. Nodes 15:15 - Arch Network 15:45 - Protocol Devs 16:33 - Protocol Developers & Their Influence 20:19 - Podcasters 23:08 - “State of Mind” Concept 29:26 - Should More Stakeholders Be Involved in Consensus? 31:43 - Game Theory Behind Bitcoin Consensus Changes 34:31 - Weaknesses & Risks in the Process 38:52 - Future Soft Forks 39:15 - Lyn’s View 42:46 - Potential Future Optimizations - 👉 Brought to you by Arch Network! Arch brings the speed of Solana & the best of crypto UX to Bitcoin. Tap into the rich app ecosystem on Arch & try out the testnet while you’re still early! Visit arch.network to learn more. - 👋Bitcoin Season 2 is produced Blockspace Media, Bitcoin’s first B2B publication in Bitcoin. Follow us on Twitter and check out our newsletter for the best information in Bitcoin mining, Ordinals and tech! Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? hello@blockspace.media Learn more about your ad choices. Visit megaphone.fm/adchoices

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The Crazy Satoshi Theory About Jack Dorsey

Charlie & Colin break down the conspiracy theory that claims Jack Dorsey is Satoshi Nakamoto. You might be surprised how deep the rabbithole goes and how crazy the connections sound. Notes: • Jack Dorsey’s Vietnamese restaurant • Hidden address references in old Bitcoin transactions • Are clues hidden in comic books? Check out our Bitcoin scaling conference! Visit opnext.dev to learn more. Chapters: 00:00 Is Jack Dorsey Satoshi? 01:14 The bizarre connections begin 02:29 Jack’s “Satoshi” Shirt 05:02 Jack Dorsey was a Cypherpunk 06:44 Arch Network 07:16 Old Addresses 09:52 Clues in old vanity addresses 19:07 Jack, Bitcoin, and nautical references 36:54 Why Jack Dorsey isn’t Satoshi - 👉 Brought to you by Arch Network! Arch brings the speed of Solana & the best of crypto UX to Bitcoin. Tap into the rich app ecosystem on Arch & try out the testnet while you’re still early! Visit arch.network to learn more. - 👋Bitcoin Season 2 is produced Blockspace Media, Bitcoin’s first B2B publication in Bitcoin. Follow us on Twitter and check out our newsletter for the best information in Bitcoin mining, Ordinals and tech! Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? hello@blockspace.media Learn more about your ad choices. Visit megaphone.fm/adchoices

Going Public With Bitcoin App Fold

Will Reeves, CEO of Fold, is hyperfocused on making it easy to save in Bitcoin. As the new Bitcoin user looks different than previous cycles, so does the modern Bitcoin company. Fold is going public on the thesis that the average American needs low friction options to orient their existing habits around saving in Bitcoin. Notes: • Fold vs other public crypto companies • Different company models each cycle • Successful (and unsuccessful) products • Starbucks & airline miles, but with Bitcoin Check out our Bitcoin scaling conference! Visit opnext.dev to learn more. Chapters: 00:00 Intro 1:26 Nasdaq listing 02:47 Fold 1.0 to Fold 2.0 04:25 Arch Network 04:55 Fold 2.0 05:35 Why Fold holds over 1,000 BTC 09:59 Adapting for a changing Bitcoin landscape 19:08 The reasoning behind Fold’s Nasdaq listing 29:59 Bitcoin's Changing User Base 39:25 Plans for 2025 and beyond 41:44 Reflections on the future of Bitcoin - 👉 Brought to you by Arch Network! Arch brings the speed of Solana & the best of crypto UX to Bitcoin. Tap into the rich app ecosystem on Arch & try out the testnet while you’re still early! Visit arch.network to learn more. - 👋Bitcoin Season 2 is produced Blockspace Media, Bitcoin’s first B2B publication in Bitcoin. Follow us on Twitter and check out our newsletter for the best information in Bitcoin mining, Ordinals and tech! Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? hello@blockspace.media Learn more about your ad choices. Visit megaphone.fm/adchoices

What You Didn’t Know About Wrapped Bitcoin

Matt Luongo from Thesis helps us “wrap” our heads around what it means to take your bitcoin cross-chain. What are the trust assumptions? What are the differences between different wrapped Bitcoin products? Is there any “funny business” going on? Notes: • New users are coming to ETFs • Microstrategy vs cross-chain Bitcoin • TVL mirroring • BitGo’s Wrapped Bitcoin vs other wrapped Bitcoin Check out our Bitcoin scaling conference! Visit opnext.dev to learn more. - 👉 Brought to you by Arch Network! Arch brings the speed of Solana & the best of crypto UX to Bitcoin. Tap into the rich app ecosystem on Arch & try out the testnet while you’re still early! Visit arch.network to learn more. - 👋Bitcoin Season 2 is produced Blockspace Media, Bitcoin’s first B2B publication in Bitcoin. Follow us on Twitter and check out our newsletter for the best information in Bitcoin mining, Ordinals and tech! Chapters: 00:00 Introduction 02:03 What is Wrapped Bitcoin 05:12 Bitcoin Layers and Bridging 07:45 Arch Network 08:15 Layers 10:30 Trust Assumptions in Wrapped Bitcoin 14:14 Proof of Reserves vs. Solvency 19:02 The Scale of Wrapped Bitcoin 25:12 Soft Forks and Bitcoin’s Future - Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? hello@blockspace.media Learn more about your ad choices. Visit megaphone.fm/adchoices

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Operation Chokepoint 2.0 Gets Choked Out

It’s now openly acknowledged that the crypto industry has been targeted for years by the previous administration’s Operation Chokepoint 2.0 scheme. Charlie & Colin discuss how last week’s hearing saw Senators Warren & Scott addressed the matter before the House Financial Services Committee. We explain how we got here and where we might go as an industry. Notes: • History of regulatory scrutiny • FTX Fallout • Operation Chokepoint 2.0 Hearing • Elizabeth Warren changes tune Check out our Bitcoin scaling conference! Visit opnext.dev to learn more. Chapters: 03:23 – Operation Choke Point 2.0: Background & FTX Fallout 07:20 – Nick Carter’s Revelations & Chokepoint Analysis 09:23 – Silvergate’s Story & the 15% Deposit Cap 18:09 – House Financial Services Committee Hearing Recap 25:05 – Elizabeth Warren’s Pivot & Broader Political Implications 42:41 – Future Outlook: Could There Be a Choke Point 3.0? - 👉 Brought to you by Arch Network! Arch brings the speed of Solana & the best of crypto UX to Bitcoin. Tap into the rich app ecosystem on Arch & try out the testnet while you’re still early! Visit arch.network to learn more. - 👋Bitcoin Season 2 is produced Blockspace Media, Bitcoin’s first B2B publication in Bitcoin. Follow us on Twitter and check out our newsletter for the best information in Bitcoin mining, Ordinals and tech! Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? hello@blockspace.media Learn more about your ad choices. Visit megaphone.fm/adchoices

Are We Winning Yet?

Welcome back to Bitcoin Season 2! For this week's Writer's Room, Colin and Charlie cover the release of Tornado Cash co-founder Alexey Pertsev from prison. They also dive into recent policy talking points from Trump's Crypto Czar, David Sacks, including why stablecoin regulation could become a pillar of this administration's crypto approach (and what that means for dollar dominance). Plus, what Trump's executive order for a U.S. Sovereign Wealth Fund means for a Strategic Bitcoin Reserve. - Follow our hosts on X: @cbspears, @AsILayHodling Bitcoin Season 2 is proudly presented by Blockspace Media, Bitcoin’s first B2B publication. Follow us on X and check out our newsletter for the best information in Bitcoin mining, Ordinals and tech! Learn more about your ad choices. Visit megaphone.fm/adchoices

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Trade War Bullish for Bitcoin?

After a crypto dump some are comparing to the COVID crash, Bitcoin dominance has skyrocketed. Is this the new normal? Bitwise's Jeff Park says the trade war may kick off a series of events that is actually good for Bitcoin, - Follow our hosts on X: @cbspears Bitcoin Season 2 is proudly presented by Blockspace Media, Bitcoin’s first B2B publication in Bitcoin. Follow us on X and check out our newsletter for the best information in Bitcoin mining, Ordinals and tech! Learn more about your ad choices. Visit megaphone.fm/adchoices

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You're not bullish enough on rare satoshis

Quary, founder of Magisat, discusses the growing market for rare sats, unique satoshis with historical, aesthetic, or numerical significance. How does ordinal theory assign identities to satoshis? What are the technical challenges of procuring rare sats? Despite current liquidity & market drawdown, Quary argues that rare sats represent an authentic, grifter-resistant asset class, poised to gain value as Bitcoin adoption grows. Timestamps: 00:00 Intro 02:09 How Quary Discovered Rare Sats 04:43 What Are Ordinals and Rare Sats? 09:40 What Makes a Satoshi Rare? 15:21 The Unique Nature of Rare Sats 17:31 The Rare Sat Marketplace: How Sats Get Traded 24:31 Technical Challenges in Building a Rare Sat Marketplace 30:53 Market Valuation and Adoption of Rare Sats 39:03 The Bull Case for Rare Sats Follow our hosts on X: @cbspears Check out our conference - opnext.dev Bitcoin Season 2 is proudly presented by Blockspace Media, Bitcoin’s first B2B publication in Bitcoin. Follow us on X and check out our newsletter for the best information in Bitcoin mining, Ordinals and tech! Learn more about your ad choices. Visit megaphone.fm/adchoices

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Ordinals BLOODBATH & DeepSeek

The culling is happening -- Bitcoin assets like Runes & Ordinals are collapsing. Is this the end? Top Ordinals assets are down 30% - 60% over the past month and the total Runes market cap has fallen below $1 billion, again. An interesting phenomenon the past week has been the attention on Solana memecoins from the ordinals & Bitcoin maxi community. Unlikely as it may seem, "boomer" Bitcoiners are launching memecoins on Solana. - Follow our hosts on X: @cbspears Bitcoin Season 2 is proudly presented by Blockspace Media, Bitcoin’s first B2B publication in Bitcoin. Follow us on X and check out our newsletter for the best information in Bitcoin mining, Ordinals and tech! Learn more about your ad choices. Visit megaphone.fm/adchoices

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The Story of the Silk Road

Ross Ulbricht is free, full pardon! But how did we get here & what actually was the Silk Road? Colin & Charlie dive in - Follow our hosts on X: @cbspears, @AsILayHodling Bitcoin Season 2 is proudly presented by Blockspace Media, Bitcoin’s first B2B publication in Bitcoin. Follow us on X and check out our newsletter for the best information in Bitcoin mining, Ordinals and tech! Learn more about your ad choices. Visit megaphone.fm/adchoices

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Trump Proves We're All Shitcoiners Now

For this emergency Writer's Room episode, Charlie and Colin talk Trump's inauguration speech, in which he doesn't mention Bitcoin (quelle suprise!); the $10 billion dollar elephant (or should we say "shitcoin"?) in the room, TRUMP coin; and Trump's myriad Bitcoin policy promises. - Follow our hosts on X: @cbspears, @AsILayHodling Bitcoin Season 2 is proudly presented by Blockspace Media, Bitcoin’s first B2B publication in Bitcoin. Follow us on X and check out our newsletter for the best information in Bitcoin mining, Ordinals and tech! Learn more about your ad choices. Visit megaphone.fm/adchoices

Ep72: Ranking the BEST Bitcoin Reserves (Tierlist!)

There are now 7 states with Bitcoin reserve proposals! But they're not all the same, and it can be super confusing how each one works. Charlie & Colin explain & rank the Bitcoin reserves according to our (admittedly arbitrary) metrics! - Follow our hosts on X: @cbspears, @AsILayHodling Bitcoin Season 2 is proudly presented by Blockspace Media, Bitcoin’s first B2B publication in Bitcoin. Follow us on X and check out our newsletter for the best information in Bitcoin mining, Ordinals and tech! Learn more about your ad choices. Visit megaphone.fm/adchoices

Ep71: Save in Bitcoin, Spend in Dollars w/ Shezhan Marieda

Loans on Bitcoin are better than loans on Ethereum. More private, more secure, and better "attestations" Dive into the world of DLCs, Discreet Log Contracts - an underexplored but powerful mechanism that Shezhan Marieda uses to power Lava Loans Follow our guest on Twitter: @MarediaShezhan Follow our host: @cbspears --- 👋Bitcoin Season 2 is proudly presented by Blockspace Media, Bitcoin’s first B2B publication in Bitcoin. Follow us on Twitter and check out our newsletter for the best information in Bitcoin mining, Ordinals and tech! Enjoy the show? Check out our website and newsletter by clicking here. --- Timestamps 00:00 Introduction 01:23 What is Lava? 03:50 Bitcoin Smart Contracts 05:19 Explaining DLCs 10:49 Lava Loan Mechanics 13:13 Counterparty Dynamics 16:42 Challenges in Building Lava 19:01 Yield and Interest 25:58 DLC Innovations 41:41 Future of Lava Learn more about your ad choices. Visit megaphone.fm/adchoices

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Ep71: Runes do or DIE moment!

Runes are back down below $1 billion market cap and seem like they have lower to go. Is this the moment that Runes die? - Follow our hosts on X: @cbspears Bitcoin Season 2 is proudly presented by Blockspace Media, Bitcoin’s first B2B publication in Bitcoin. Follow us on X and check out our newsletter for the best information in Bitcoin mining, Ordinals and tech! - Stream Bitcoin Season 2 everywhere 🎧 Spotify: https://open.spotify.com/show/1NQIkiC... 🎧 Apple: https://podcasts.apple.com/us/podcast... 🎧 RSS: https://feeds.megaphone.fm/bitcoin-se... 📺 Watch: • Bitcoin Season 2 FULL Episodes Learn more about your ad choices. Visit megaphone.fm/adchoices

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Ep70: Hal Finney's best quotes

Welcome back to Bitcoin Season 2! For today's Writer's Room, Colin and Charlie celebrate Running Bitcoin Day by picking through the Bitcoin Talk archives for a selection of Hal Finney's most prescient takes. Finney is famous for being the first person (after Satoshi) to run Bitcoin -- a claim to fame that involves receiving the first non-mining related transaction from Bitcoin's creator -- as well as being one of the earliest contributors to Bitcoin Core. Hal was highly active in Bitcoin's salad days and a prolific poster on Bitcoin Talk, where he provided his thoughts on Bitcoin's earliest versions, pontificated over the cryptocurrency's future, and shared ideas with its earliest adopters. Many of Hal's ideas and prognostications were incredibly incisive and clairvoyant -- almost frighteningly so -- hence the title of today's show. Learn more about your ad choices. Visit megaphone.fm/adchoices

Ep69: Changing the game for Bitcoin custodians w/ Rob Hamilton

Most large custodians secure Bitcoin using multisig or MPC, but that tech hasn't really changed or upgraded for almost a decade. Anchorwatch founder Rob Hamilton explains how Miniscript levels up the custodian game and allows for better risk mitigation for the largest holders of Bitcoin. He also dives into Bitcoin script, soft forks, and getting Ethereum holders to burn their assets onto Bitcoin. Follow our guest on Twitter: @Rob1Ham Follow our host: @cbspears --- 👋Bitcoin Season 2 is proudly presented by Blockspace Media, Bitcoin’s first B2B publication in Bitcoin. Follow us on Twitter and check out our newsletter for the best information in Bitcoin mining, Ordinals and tech! Enjoy the show? Check out our website and newsletter by clicking here. Timestamps: 02:11 Anchorwatch TLDR 03:55 The tech behind Anchor Watch’s Trident Vault. 04:28 Bitcoin native smart contracts. 07:23 Bitcoin address encoding. 13:16 Multi-sig of Multi-sig explained. 14:09 Designing distributed risk solutions. 30:00 How Clubhouse and Bitcoin discussions led to Anchor Watch. 34:38 Vision for Bitcoin banking infrastructure. 36:47 Bitcoin-denominated insurance policies. Learn more about your ad choices. Visit megaphone.fm/adchoices

Ep68: Is your staked Bitcoin at risk?

Rumors are swirling of custodians & services rehypothecating Bitcoin for the various staking protocols which have popped up over the past year. Are these founded? What's the risk? Also, why is everyone using the same custodians in the first place? - Follow our hosts on X: @cbspears, @AsILayHodling Bitcoin Season 2 is proudly presented by Blockspace Media, Bitcoin’s first B2B publication in Bitcoin. Follow us on X and check out our newsletter for the best information in Bitcoin mining, Ordinals and tech! - Stream Bitcoin Season 2 everywhere 🎧 Spotify: https://open.spotify.com/show/1NQIkiC... 🎧 Apple: https://podcasts.apple.com/us/podcast... 🎧 RSS: https://feeds.megaphone.fm/bitcoin-se... Learn more about your ad choices. Visit megaphone.fm/adchoices

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