The Bitcoin Frontier

Matt McClintock, expert in managing bitcoins for ultra-wealthy clients, discusses differences between early bitcoin pioneers and current ultra-high-net-worth individuals. Topics include trust durations, tax strategies, bitcoin's future in the US, ETF approvals, and ethical investments. He reveals insights on wealthy investors' interests and how bitcoin is reshaping wealth inheritance.

In this episode, Dr. Jeff Ross shares insights on current macroeconomic trends, including the Federal Reserve's reconsideration of rate cuts, increased market volatility over the past month, and unexpectedly high inflation rates. He discusses the power law model, drawing comparisons with patterns observed during his medical career as a physician and radiologist. Dr. Jeff also explores strategies for constructing the optimal portfolio in 2024 and in the future under a bitcoin standard.SUPPORT THE PODCAST:→ Subscribe→ Leave a review→ Share the show out with your friends and family→ Send us an email podcast@unchained.comTIMESTAMPS:00:00:00 Intro00:01:33 Macro—fed walking back rate cuts, VIX high, hot inflation00:06:55 S2F and power law—where will bitcoin go this cycle?00:17:49 Best performing hedge fund of 202400:20:57 Bitcoin, MSTR, miners, and options?00:26:53 Changing the geopolitical world order00:33:00 What’s the optimal bitcoin allocation?00:37:36 Is there anyone that should not buy bitcoin?00:39:13 Will investment management get less or more important?00:40:32 ETF, exchange, or self custody?00:42:41 Will financial advisors play a role in private key management?00:45:32 Future of bitcoin custody00:48:28 Are passive index funds useful on a bitcoin standard?00:51:37 Optimal portfolio allocation on a bitcoin standard00:53:15 Closing thoughtsWHERE TO FOLLOW US:→ Unchained Twitter: https://twitter.com/unchainedcom→ Unchained Linkedin: https://www.linkedin.com/company/unchainedcom → Unchained Newsletter: https://unchained.com/newsletter → Joe Burnett’s Twitter: https://twitter.com/IIICapital→ Dr. Jeff Ross’s Twitter: https://twitter.com/VailshireCap

In this episode, we explore bitcoin skepticism, focusing on topics such as hashrate volatility, potential miner attacks, and Michael Saylor's perspective on bitcoin. Micah provides insights from his bitcoin textbook and uses a chalkboard to clearly illustrate his views on the future of the bitcoin mining industry. We dive into significant issues like transaction censoring and miner collusion, and discuss the potential future risks to bitcoin's cryptographic security.SUPPORT THE PODCAST:→ Subscribe→ Leave a review→ Share the show out with your friends and family→ Send us an email podcast@unchained.comTIMESTAMPS:00:00:00 Intro00:01:15 Who are you and when did you start thinking about bitcoin?00:14:30 What do people think about your bitcoin textbook?00:15:45 Do you own bitcoin?00:16:38 Do you want bitcoin to succeed?00:19:55 Is saving bad?00:20:44 Rent seeking?00:21:45 Could bitcoin’s hashrate be highly volatile?00:27:38 What’s the tipping point of hashrate volatility?00:30:17 Is this hashrate volatility a problem?00:31:20 Attacking bitcoin00:35:20 What are the attacks miners might do?00:39:35 When do you think this type of attack may occur?00:43:24 MARA transaction censoring failed00:44:24 What’s the tipping point for miner collusion?00:45:55 We’ve already seen miner capitulation00:47:30 Bitcoin price vs value?00:48:00 Will the price of bitcoin keep going up?00:48:16 Thoughts on Michael Saylor?00:50:13 Any risk of cryptography breaking?00:51:40 Closing thoughtsWHERE TO FOLLOW US:→ Unchained Twitter: https://twitter.com/unchainedcom→ Unchained Linkedin: https://www.linkedin.com/company/unchainedcom → Unchained Newsletter: https://unchained.com/newsletter → Joe Burnett’s Twitter: https://twitter.com/IIICapital→ Micah Warren’s Twitter: https://twitter.com/AchimWar 

In this episode, we compare common hardware wallets with SeedSigner, a DIY bitcoin hardware wallet. We explore the reasons behind building SeedSigner, the process of securely generating seeds, and the considerations for holding a private key on hot devices like an iPhone or cold devices like a Trezor, Ledger, or Coldcard. We also discuss the evolution of bitcoin custody over the last decade, the risks associated with using common hardware like Raspberry Pi, and the advantages of multisig versus singlesig setups.SUPPORT THE PODCAST:→ Subscribe→ Leave a review→ Share the show out with your friends and family→ Send us an email podcast@unchained.comTIMESTAMPS:00:00:00 Intro00:01:25 What is SeedSigner?00:02:05 Why build SeedSigner?00:05:44 Holding a private key on an iPhone?00:06:33 Building a SeedSigner device00:08:16 Why call it a “signing device?”00:10:45 Generating seeds securely00:12:33 Good security vs extreme paranoia00:17:05 How has bitcoin custody evolved over the last 10 years?00:25:42 How to securely buy hardware?00:30:45 Are there risks to using a raspberry pi for bitcoin private keys?00:32:58 Multisig vs singlesig00:39:10 DIY multisig vs collaborative custody multisig00:40:53 Using different hardware devices for different seeds00:44:54 Future of bitcoin custody in 10-20 years00:50:00 New SeedSigner features?00:52:41 New to multisig and using SeedSigner?00:56:30 Closing thoughtsWHERE TO FOLLOW US:→ Unchained Twitter: https://twitter.com/unchainedcom→ Unchained Linkedin: https://www.linkedin.com/company/unchainedcom → Unchained Newsletter: https://unchained.com/newsletter → Joe Burnett’s Twitter: https://twitter.com/IIICapital→ SeedSigner’s Twitter: https://twitter.com/SeedSigner 

In this episode, Fred Krueger reflects on his initial experience of purchasing bitcoin on Mt. Gox and subsequently selling it on Mt. Gox. He dives into detailed explanations of both the Stock-to-Flow (S2F) and power law models, offering his insights on whether the bitcoin power law model should be regarded as a mathematical law or just a pattern. Finally, he discusses potential factors that could disrupt the power law model and addresses the notion proposed by Michael Saylor that all models are broken.SUPPORT THE PODCAST:→ Subscribe→ Leave a review→ Share the show out with your friends and family→ Send us an email podcast@unchained.comTIMESTAMPS:00:00:00 Intro00:01:20 Fred’s background preparing him for bitcoin00:04:17 Fred buying bitcoin on Mt. Gox00:06:37 Bitcoin as a pet rock with no cash flow00:10:57 S2F and Power law models00:23:03 ETH trending to 000:25:17 Power law—mathematical law or pattern?00:40:16 Extreme bear markets00:41:50 Using bitcoin and bitcoin custody00:47:50 How would the power law model break?01:01:09 Will all the models break?01:07:01 Closing thoughtsWHERE TO FOLLOW US:→ Unchained Twitter: https://twitter.com/unchainedcom→ Unchained Linkedin: https://www.linkedin.com/company/unchainedcom → Unchained Newsletter: https://unchained.com/newsletter → Joe Burnett’s Twitter: https://twitter.com/IIICapital→ Fred Krueger’s Twitter: https://twitter.com/dotkrueger 

In this episode, Bryan Jacoutot dives into the process leading to the approval of a bitcoin ETF, comparing this journey with the potential pathway for an Ethereum ETF to receive approval. He touches on the Ethereum Foundation investigation, what would happen if ethereum is declared an unregistered security, and how ethereum’s proof of stake consensus mechanism may play a role in the approval process. Last, he suggests what may be the biggest threat to bitcoin and how the United States and bitcoin may evolve together.SUPPORT THE PODCAST:→ Subscribe→ Leave a review→ Share the show out with your friends and family→ Send us an email podcast@unchained.comTIMESTAMPS:00:00:00 Intro00:01:04 Bitcoin ETF approval vs Ethereum ETF approval00:08:27 Reasonable concerns for not approving the bitcoin ETF for years?00:13:56 What happens if ETH is declared an unregistered security?00:18:24 Proof of Work vs Proof of Stake—commodity vs security00:26:40 Was ETH not declared an unregistered security because it went up so much?00:31:50 Security vs commodity? Truly binary?00:36:36 Slashing in PoS and ETFs00:38:38 Forks and ETFs00:40:34 Biggest threat to bitcoin?00:46:00 Bitcoin’s role in presidential and local elections00:49:00 Will bitcoin bear markets eventually cause financial system instability?00:50:52 United States and bitcoin—freedom values00:54:15 Closing thoughtsWHERE TO FOLLOW US:→ Unchained Twitter: https://twitter.com/unchainedcom→ Unchained Linkedin: https://www.linkedin.com/company/unchainedcom → Unchained Newsletter: https://unchained.com/newsletter → Joe Burnett’s Twitter: https://twitter.com/IIICapital→ Bryan Jacoutot’s Twitter: https://twitter.com/BryanJacoutot 

In this episode, Allen Farrington breaks down the “deflation is bad” narrative in economics. He explains why the deflation paranoia is wrong and what growth may look like under a bitcoin standard. Allen also thinks about how an index like the S&P 500 may perform under a bitcoin standard and he explains his DLCVM paper on bitcoin scaling in detail.SUPPORT THE PODCAST:→ Subscribe→ Leave a review→ Share the show out with your friends and family→ Send us an email podcast@unchained.comTIMESTAMPS:00:00:00 Intro00:01:04 Is deflation a bad thing?00:11:04 Is there malintent behind “deflation = bad”?00:17:10 Deflation worries are wrong00:23:10 Growth under a bitcoin standard?00:25:46 Your wealth is melting in BTC00:28:32 S&P 500 under a bitcoin standard00:32:52 Company lifecycle under a bitcoin standard00:37:36 Building decentralized markets on bitcoin00:42:53 DLCVM - perfectly scaling bitcoin00:52:14 Are you a technical, political, or economic thinker?00:54:27 Allen Farrington podcast?00:56:53 What’s something you believe that most bitcoiners disagree with?01:01:12 Closing thoughtsWHERE TO FOLLOW US:→ Unchained Twitter: https://twitter.com/unchainedcom→ Unchained Linkedin: https://www.linkedin.com/company/unchainedcom → Unchained Newsletter: https://unchained.com/newsletter → Joe Burnett’s Twitter: https://twitter.com/IIICapital→ Allen Farrington’s Twitter: https://twitter.com/allenf32

In this episode, we sit down with Will Reeves to discuss his perspective on what bitcoin scaling will look like in 2026, how there may be future unknown scaling solutions we cannot even comprehend today, the risks to bitcoin failing to scale further, altcoin speculation and unit bias, and the future of Fold in 5 years.SUPPORT THE PODCAST:→ Subscribe→ Leave a review→ Share the show out with your friends and family→ Send us an email podcast@unchained.comTIMESTAMPS:00:00:00 Intro00:01:22 Scaling bitcoin in 2026?00:06:49 Unknown futuristic scaling solutions?00:08:32 Failure to scale scenario?00:10:30 Risk that people get comfortable with centralized custodians?00:13:40 BlackRock bitcoin fork00:16:09 It was good an ETF was not approved in 201300:16:40 Will altcoins ever die?00:22:45 Unit bias—bitcoin vs altcoins00:24:51 Treating sats rewards differently?00:28:44 Sat flows vs HODL’d bitcoin 00:32:32 Future of fiat payments companies?00:34:27 Unstoppable payments00:39:09 Where is Fold in 5 years?00:41:52 Why are so many people passionate about Fold?00:43:16 Rapid fire Fold questions from the audience00:47:47 Closing thoughtsWHERE TO FOLLOW US:→ Unchained Twitter: https://twitter.com/unchainedcom→ Unchained Linkedin: https://www.linkedin.com/company/unchainedcom → Unchained Newsletter: https://unchained.com/newsletter → Joe Burnett’s Twitter: https://twitter.com/IIICapital→ Will’s Twitter: https://twitter.com/wlrvs

In this episode, we sit down with Giovanni Santostasi who created the bitcoin power law model. Giovanni explains what power laws are and why they are common in physics and nature. He then expounds on his bitcoin power law model in detail, why there are cycles within the model, and how the model could potentially break in the future.SUPPORT THE PODCAST:→ Subscribe→ Leave a review→ Share the show out with your friends and family→ Send us an email podcast@unchained.comTIMESTAMPS:00:00:00 Intro00:01:15 Physics and bitcoin00:25:35 Power law model00:38:23 Bubbles and cycles in the model01:08:35 How would the model break?01:16:29 Will the market front run the power law model?01:26:49 Closing thoughtsWHERE TO FOLLOW US:→ Unchained Twitter: https://twitter.com/unchainedcom→ Unchained Linkedin: https://www.linkedin.com/company/unchainedcom → Unchained Newsletter: https://unchained.com/newsletter → Joe Burnett’s Twitter: https://twitter.com/IIICapital→ Giovanni’s Twitter: https://twitter.com/Giovann35084111→ Giovanni's Patreon: https://www.patreon.com/ScaleInvariant→ Bitposeidon: https://bitposeidon.com/ 

In this episode, we sit down with Haris Basit, Chief Strategy Officer at Bitdeer (NASDAQ: BTDR) to talk about a massive potential Bitcoin ASIC breakthrough that could severely disrupt the entire bitcoin mining industry. Haris has been involved with bitcoin ASIC development since 2014, and he has a deep background in semiconductor physics. SUPPORT THE PODCAST:→ Subscribe→ Leave a review→ Share the show out with your friends and family→ Send us an email podcast@unchained.comTIMESTAMPS:00:00:00 Intro00:01:09 Background in semiconductor industry00:03:12 Semiconductor physics00:07:13 Developing bitcoin ASICs in 201400:08:14 Bitcoin ASICs vs other chips00:11:36 Ordering wafers from TSMC00:13:32 Chip fabs around the world00:16:30 Bitdeer vs Bitmain?00:17:40 Designing and simulating chips00:20:35 Bitdeer and Jihan Wu00:24:44 Designing the most efficient bitcoin ASIC00:26:40 Future ASIC breakthroughs?00:32:02 Hurdles to building more chip fabs?00:37:24 Mega bitcoin mining farms?00:38:31 AI and bitcoin mining interacting00:41:04 2024 halving00:43:55 Closing thoughtsWHERE TO FOLLOW US:→ Unchained Twitter: https://twitter.com/unchainedcom→ Unchained Linkedin: https://www.linkedin.com/company/unchainedcom → Unchained Newsletter: https://unchained.com/newsletter → Joe Burnett’s Twitter: https://twitter.com/IIICapital