The Bitcoin Way Podcast Bitcoin Wealth… GONE! | Bitcoin Banter
Nov 12, 2025
In a wild discussion, hosts tackle a shocking incident where someone accidentally paid nearly 1 BTC in fees! They explore the crumbling U.S. consumer sentiment and criticize long-term loans like 15-year auto loans. The group reacts to the UK blocking a Ledger blog post, emphasizing that censorship won't hinder Bitcoin's growth. They reflect on Josh Mandel's massive trading loss and warn against risky speculation. Finally, excitement builds as Square launches Bitcoin payments for millions of merchants!
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Costly Fee Mistake Onchain
- A user accidentally paid ~1 BTC as a transaction fee while making a small payment.
- Tony and Greer stress that UTXO management and wallet attention are critical to avoid catastrophic mistakes.
Bitcoin Removes Institutional Backstops
- Bitcoin shifts responsibility from institutions to individuals by removing backstops like money printers.
- That rigidity is beneficial long-term because it prevents moral hazard and reckless fiscal bailouts.
Long Loans Mask Growing Economic Fragility
- U.S. consumer sentiment is collapsing and debt levels are high, pressuring households.
- Extended loan terms like 15-year car loans or 50-year mortgages mask affordability and increase systemic risk.