Andrew Henderson rejoins me to discuss his story renouncing US citizenship, and whether the price was worth it. We discuss whether you should “stay and fight” as well as considerations relevant for Bitcoiners on pursuing their options in other countries. We also discuss Nomad Capitalist Live 2024, coming in KL Malaysia. Listen in to learn and stay up to date on global tax, investing and lifestyle strategies.  Links: 

• X: @nomadcapitalist

Sponsors:

• Swan.com (code LIVERA)
• CoinKite.com (code LIVERA)
• Mempool.space
• Nomadcapitalist.com/live

Stephan Livera links:

• Follow me on X: @stephanlivera
• Subscribe to the podcast
• Subscribe to Substack

Kevin Loaec of wizardsardine joins me to talk about bitcoin security and vaults. We get into a discussion about: 

• Vaults and what’s possible today 
• Timelocking and using them as part of self custody
• Inheritance scenarios
• Business use cases
• Covenant soft forks

Links:

• X: @KLoaec
• X: @Wizardsardine
• X: @revaultdev
• Site: Wizardsardine  

Sponsors:

• Swan.com (code LIVERA)
• CoinKite.com (code LIVERA)
• Mempool.space

Stephan Livera links:

• Follow me on X: @stephanlivera
• Subscribe to the podcast
• Subscribe to Substack

Chapters:

• 00:00 - Intro
• 02:07 - Revault
• 08:07 - Liana
• 14:48 - Overview of Liana and Supported Hardware Wallets
• 25:17 - Managing Time Locks in Liana: Rotating Coins and Duration
• 29:47 - Coinkite.com
• 30:47 - Swan.com
• 32:09 - Mempool.space
• 33:10 - Self-Custody with Liana
• 37:26 - Understanding Revault and Liana
• 44:56 - Exploring Decaying and Expanding Multi-Signature
• 49:15 - RBF and CPFP in Liana Transactions
• 56:07 - Transaction Size in Liana
• 01:00:42 - The Debate on Covenants
• 01:05:37 - Enhancing Organization Security with Cosigners
• 01:09:30 - The Future of Self-Custody

Have you wondered about the role design and UX plays in Bitcoin apps? Christoph and Mogashni join me from the Bitcoin Design Community to share insights on:

• What most people are getting wrong about design
• How you can leverage design principles in your bitcoin product
• Bitcoin specific design challenges
• Types of user
• Tools available by the Bitcoin Design community

Links:

• Site: Bitcoin.design
• Site: bitcoindesignfoundation.org
• X: @MogashniNaidoo
• X: @GBKS 

Sponsors:

• Swan.com (code LIVERA)
• CoinKite.com (code LIVERA)
• Mempool.space

Stephan Livera links:

• Follow me on X: @stephanlivera
• Subscribe to the podcast
• Subscribe to Substack

Chapters:

• 00:00 - Introduction and Background
• 03:31 - The Importance of Design in Bitcoin Applications
• 10:10 - The Bitcoin Design Community
• 12:34 - Common Mistakes in Bitcoin App Design
• 20:10 - Mempool.space
• 20:56 - Coinkite.com
• 25:14 - Embracing Creativity and Unique Design in Bitcoin
• 29:28 - Introduction to User Experience Design in Bitcoin
• 33:34 - Working with Bitcoin Apps and Projects
• 38:56 - Swan.com
• 39:14 - Simplifying the User Experience in Bitcoin
• 43:26 - Designing for Complexity in Bitcoin
• 45:09 - Navigating Competing Standards in Bitcoin Design
• 46:29 - The Value of UX Research in Bitcoin
• 49:48 - Practical Advice for Builders and Developers in Bitcoin Design
• 54:57 - Find Out More
• 56:40 - Closing Thoughts

Peter St Onge rejoins me on the show to share some insight into how bad the US government fiscal situation is getting. We talk:

• How much debt there is and what’s next here
• The impact on the people
• Japanese interest rates rising
• Japanese economic impacts
• AI and where the jobs will come from
• Bitcoin outlook

Links:

• X: @profstonge
• Site: Profstonge.com 

Sponsors:

• Swan.com (code LIVERA)
• CoinKite.com (code LIVERA)
• Mempool.space
• Nomadcapitalist.com

Stephan Livera links:

• Follow me on X: @stephanlivera
• Subscribe to the podcast
• Subscribe to Substack

Thomas Fahrer, co-founder of Apollo joins me to talk about the Bitcoin ETFs. We talk: 

• Analysing the Bitcoin ETFs
• What further institutional adoption looks like
• How much capital could flow into Bitcoin
• The Bitcoin FOMO scenario
• Disagreements on the power law model
• MSTR and Bitcoin

Links:

• X: @thomas_fahrer 
• Site: Heyapollo.com 

Sponsors:

• Swan.com (code LIVERA)
• CoinKite.com (code LIVERA)
• Mempool.space

Stephan Livera links:

• Follow me on X: @stephanlivera
• Subscribe to the podcast
• Subscribe to Substack

Chapters:

• 00:00 - Introduction and Background
• 03:02 - The Significance of Bitcoin ETFs
• 13:33 - Rebalancing and Volatility
• 21:19 - Grayscale's Declining Bitcoin Holdings
• 25:41 - Swan.com
• 27:00 - Mempool.space
• 27:45 - Coinkite.com
• 33:35 - Possible Motivations for Grayscale's Actions
• 34:03 - Successful ETF Launch and Consistent Demand
• 37:23 - Bitcoin Price Rise and Demand - Supply Dynamics
• 39:44 - Volatility and Orderly Transition
• 41:07 - Bitcoin's Historical Price Patterns
• 44:05 - Flaws in Power Law Model
• 45:05 - Bitcoin's Potential to Replace Traditional Assets
• 46:41 - Flaws in Power Law Model and Fiat Currencies
• 50:11 - Importance of Fundamental Analysis
• 51:38 - Bitcoin's Bullish Case and Fundamental Properties
• 58:51 - Closing Thoughts

My friend Vijay Boyapati (Author of the Bullish Case for Bitcoin, and part of the Swan team) rejoins me on the show to talk about HODLing, share his analysis on things, and offer some tips on how to HODL. We talk:

• What phase of the cycle we’re in
• HODLer psychology
• Does Bitcoin get captured? 
• Is Bitcoin for Everyone?
• Self custody tech
• GBTC and Bankruptcies
• Common traps and how to avoid them

Links:

• X: @real_vijay
• Genesis thread https://twitter.com/real_vijay/status/1744454450138526162 

Sponsors:

• Swan.com (code LIVERA)
• CoinKite.com (code LIVERA)
• Mempool.space
• Nomadcapitalist.com

Stephan Livera links:

• Follow me on X: @stephanlivera
• Subscribe to the podcast
• Subscribe to Substack

Chapters:

• 00:00 - Introduction and Overview
• 03:01 - The Excitement of Bull Markets
• 05:54 - The Slow Build-Up and Parabolic Moves
• 08:46 - Hodling Through Adversity
• 13:07 - The Nature of Bitcoin Cycles
• 16:02 - The Reachability of Bitcoin Participants
• 19:45 - Coinkite.com
• 21:00 - NomadCapitalist.com
• 22:08 - The Challenges of Self-Custody
• 30:00 - The Feasibility of Self-Custody for All
• 34:14 - Bitcoin as a Superior Monetary Base
• 35:10 - Concerns about Concentration Risk
• 38:07 - Mempool.space
• 39:16 - Swan.com
• 40:12 - Government Influence on Bitcoin ETFs
• 43:32 - Multipolar World and Bitcoin Adoption
• 44:01 - US Favorability towards Bitcoin
• 46:51 - Genesis Bankruptcy and Grayscale's Future
• 50:11 - Common Traps in a Bull Cycle
• 59:54 - Dealing with Corrections in a Bull Cycle

Mi Primer Bitcoin (My First Bitcoin) has grown since I last spoke with them on the show. John from the team rejoins me to talk about how things have developed. The team has now taught over 25,000 students in El Salvador and they are now expanding internationally. 

Links:

• X: @jdennehy_writes
• Site: Miprimerbitcoin.io
• SLP381 John Dennehy & Gloriana Solano – Bitcoin Diploma in El Salvador

Sponsors:

• Swan.com (code LIVERA)
• CoinKite.com (code LIVERA)
• Mempool.space

Stephan Livera links:

• Follow me on X: @stephanlivera
• Subscribe to the podcast
• Subscribe to Substack

Chapters:

• 00:00 - Introduction and Background
• 01:16 - Bitcoin Diploma and Infrastructure
• 03:37 - International Expansion and Node Network Governance
• 05:27 - Course Format and Duration
• 08:16 - Teaching Bitcoin in Public Schools
• 09:14 - Collaboration with Ministry of Education
• 12:37 - Different Approaches to Teaching Bitcoin
• 15:27 - Continued Education and Advanced Courses
• 17:55 - Coinkite.com
• 19:06 - Swan.com
• 20:18 - Mempool.space
• 21:13 - Bitcoin Education for Different Age Groups
• 23:48 - Format and Agenda of Bitcoin Education Conferences
• 26:15 - Collaboration with Governments and Universities
• 29:37 - Localization and Modification of Curriculum
• 32:31 - Focus on International Expansion
• 34:26 - Challenges of Education for the Masses
• 36:48 - Adapting Curriculum to Rising Fees
• 39:17 - Empowerment and Independence in Bitcoin Education
• 40:40 - Call for Support and Contributions

How do we interact with Bitcoin in a multi layer world? What cost savings and trade offs are necessary here? What even counts as a layer? Kilian from boltz.exchange joins me to talk about swapping across Bitcoin on-chain, Lightning and Liquid. We discuss:

• How swapping works
• What makes it atomic and non-custodial
• What counts as layer 2
• Fee savings and trade offs

Links:

• X: @kilrau
• Site: boltz.exchange
• X: @boltzhq
• Taproot feature blog post: Introducing Taproot Swaps: Putting the "Fun" Back into Refunds! 

Sponsors:

• Swan.com (code LIVERA)
• CoinKite.com (code LIVERA)
• Mempool.space
• Nomadcapitalist.com

Stephan Livera links:

• Follow me on X: @stephanlivera
• Subscribe to the podcast
• Subscribe to Substack

Chapters/Timestamps:

• 00:00 - Introduction and Background
• 03:07 - Boltz.exchange: Moving Between Bitcoin Layers
• 05:35 - Use Cases for Lightning Service Providers
• 09:45 - Enhancing Wallet Functionality
• 13:20 - Non-Custodial Atomic Swaps
• 21:43 - Coinkite.com
• 23:07 - NomadCapitalist.com
• 24:25 - Fees and Fee Savings
• 29:35 - Trust Model of Liquid
• 32:40 - Regulatory Risks for Liquid
• 37:10 - Transaction Limits on Liquid
• 38:58 - Mempool.space
• 39:59 - Swan.com
• 41:02 - Scalability of Liquid
• 44:15 - Integration of Liquid with Other Services and Wallets
• 51:22 - Pragmatism in Bitcoin Adoption
• 55:45 - Operating in a High-Fee Environment
• 57:45 - Closing Thoughts

Patrick van der Meijde, founder of BitKassa and co founder Arnhem Bitcoin City joins me to talk about his experience with co-founding one of the earliest Bitcoin ‘circular economy’ communities in 2014. 

• How he got started
• Taking payments pre-lightning
• Are there enough people spending?
• Resurgence in circular economies
• Adopting Bitcoin Arnhem City

Links:

•  X: @PatrickvdMeijde
• Site: adoptingbitcoinarnhem.com
• Site: arnhembitcoinstad.nl 
• Cofounder @BitKassaNL
• Cofounder Arnhem Bitcoin City @Bitcoinstad
• Youtube: 10 years of merchants accepting bitcoin in Arnhem  

Sponsors:

• Swan.com (code LIVERA)
• CoinKite.com (code LIVERA)
• Mempool.space

Stephan Livera Links:

• Follow me on X: @stephanlivera
• Subscribe to the podcast
• Subscribe to Substack

Chapters/Timestamps:

• 00:00 - Introduction and Background
• 01:55 - Bitcoin Narratives in 2014
• 04:45 - Transaction Fees and Challenges
• 08:46 - Arnhem Bitcoin City and its Evolution
• 09:55 - Context of Arnhem City in the Netherlands
• 11:45 - Capital Gains Tax in the Netherlands
• 12:33 - Impact of AML Regulations
• 14:13 - Merchants Keeping Bitcoin
• 15:00 - Swan.com
• 16:14 - Mempool.space
• 17:11 - Coinkite.com
• 18:40 - Merchant Churn and Turnover
• 23:35 - Importance of Local Community
• 28:55 - Adopting Bitcoin Conference in Arnhem
• 31:32 - Transition to Lightning Network
• 35:45 - Success Rates of Lightning Network Payments
• 36:30 - Improvement of Lightning Network
• 37:53 - Conclusion and Event Details

While in Madeira for Bitcoin Atlantis, I did some interviews on a range of topics with Lyn Alden, James Lavish, Tomer Strolight, Francis Pouliot, Steven Roose and Peter Todd. We discussed:

• is Macro mid curve? 
• USG debt
• Using analogies to teach bitcoin
• librerelay
• MEV concerns
• Self custodial and scaling

Links:

• Lyn Alden X: @LynAldenContact
• Site: lynalden.com 

• James Lavish X: @jameslavish
• Site: jameslavish.substack.com 
• Site: bitcoinopportunity.fund 

• Tomer Strolight X: @TomerStrolight
• Bitcoin is Generational Wealth - A Short Film by Matt Hornick and Tomer Strolight
• Swan Signal Bitcoin Blog

• Francis Pouliot X: @francispouliot_
• Site: BullBitcoin.com

• Steven Roose X: @stevenroose3
• GitHub: github.com/stevenroose 

• Peter Todd X: @peterktodd 
• Site: Petertodd.org

Sponsors:

• Swan.com (code LIVERA)
• CoinKite.com (code LIVERA)
• Mempool.space

Stephan Livera links:

• Follow me on X: @stephanlivera
• Subscribe to the podcast
• Subscribe to Substack