

Bitcoin Takeover Podcast
Vlad Costea
On the Bitcoin Takeover podcast you're going to hear the builders and innovators who make the Bitcoin project valuable. It's thanks to their work that the BTC price goes up, and it's their efforts that convince large investors that Bitcoin is the future of money. Here you will find the projects and ideas that will radically improve Bitcoin in the future, presented by the creators and innovators themselves. Time to learn!
Episodes
Mentioned books

Jun 22, 2024 • 1h 15min
S15 E43: Sergio Demian Lerner on BitVMX, Rootstock & Layer 2s
Sergio Demian Lerner is the architect of Rootstock, Bitcoin's first sidechain. Recently, he became interested in BitVM as an instrument to create trust-minimized sidechains. So he optimized the design & created BitVMX!
Introduction Sergio... again! (00:00:31)
Evolution of BitVM (00:02:18)
Improvements in BitVM X (00:13:26)
Trust-minimized Computing (00:17:11)
The politics of Bitcoin software (00:18:34)
Decentralization and financial inclusion (00:20:06)
Miners' role in supporting sidechains (00:20:55)
Sidechain vs. Layer Two (00:22:09)
Comparison between Rootstock and Liquid (00:24:44)
Technical aspects of BitVM X (00:28:11)
Integration of Ethereum innovations into Bitcoin (00:30:44)
Contributing to the Bitcoin ecosystem (00:34:03)
Bitcoin Culture and Price Dynamics (00:34:05)
Innovation and Staying Ahead (00:36:10)
Failure and Disruption (00:37:21)
Competition and Lightning Network (00:39:36)
Bitcoin Layers and Ecosystem (00:43:18)
Rootstock Wallets and Multichain Integration (00:44:28)
Side Chains and Bitcoin Miners (00:45:41)
Blind Merge Mining and Fast Side Chains (00:48:10)
The development of lightweight sidechains (00:49:42)
Implementing Drivechains with BitVMX (00:50:50)
Proposed blockchain structure and limitations (00:51:31)
Comparing development approaches (00:53:18)
Encouraging BitVMX community contributions (00:54:31)
Addressing conspiracy theories about Rootstock (01:00:12)
Skepticism about identity projects on blockchain (01:03:07)
Live demo plans and promoting Rootstock (01:04:30)
NFTs on Rootstock (01:05:43)
Parallel Transaction Processing Engine (01:07:10)
Prediction for Bitcoin Soft Forks (01:08:08)
Debate on Bitcoin Upgrades (01:09:56)
Challenges of Bitcoin Improvement (01:12:24)
Conclusion (01:13:20)

Jun 20, 2024 • 1h 10min
S15 E42: Super Testnet & Shinobi on Bitcoin Projects That Suck
What are the Bitcoin projects that suck? In this episode, Super Testnet & Shinobi point out to lots of suboptimal features in CoinJoins, Lightning Network, Nostr, BitVM, and Bitcoin development itself. It's fun, it's educational & it's brutally honest!
Time stamps:
Introducing Shinobi & Super Testnet (00:00:00)
Recording at Paralelni Polis (00:01:06)
Why Taproot Sucks (00:01:49)
Lightning Network (00:05:06)
Wasabi Wallet (00:08:19)
Nostr Social Media (00:16:15)
Cryptographic Key Management (00:17:09)
Cryptography Misconceptions (00:18:19)
Nostr's Lack of Key Management (00:21:01)
Proposed Solutions for Key Management (00:21:47)
Criticism of SeedSigner (00:24:21)
Alternative ESP32 Hardware Wallets (00:28:23)
LNBits and Iterative Improvements (00:28:50)
Drivechain Debate (00:30:04)
Random Ordering for Sidechains to Prevent MEV (00:34:42)
The timestamp's title (time it starts)
Drivechains and Miners (00:34:45)
Drivechains and Memes (00:38:12)
Core Lightning and Plugin Issues (00:39:02)
Bitcoin Rollups & The Unilateral Exit Issue (00:42:04)
RGB vs ZK Rollups (00:44:25)
Samourai Wallet Criticisms (00:52:25)
BitVM and Expensiveness (00:57:42)
JoinMarket Limitations and Criticism (01:01:59)
Non-Bitcoin Projects Dumping Data on the Blockchain (01:05:05)
Block Digest Reboot? (01:07:33)
Bitcoin Advocacy and Criticism (01:09:09)

Jun 5, 2024 • 1h 54min
S15 E41: F/Dev (1440000bytes) on Joinstr & Bitcoin Privacy
F/Dev, also known as 1440000bytes or simply "Floppy", is an open source developer best known for his work on Joinstr: a CoinJoin implementation for Electrum wallet. In this episode, he talks about Bitcoin privacy & his new job at LayerTwo Labs.
Time stamps:
Mr. Floppy's Work on CoinJoin (00:01:31) Discusses the implementation of CoinJoin feature in Electrum wallet and the challenges faced.
Differences in CoinJoin Protocols (00:04:02)
User Reception and Usage of CoinJoin (00:06:35)
Challenges and Social Dynamics in Bitcoin Community (00:11:45)
State of Lightning Network (00:22:06)
Mr. Floppy's Employment at LayerTwo Labs (00:18:22)
LayerTwo Labs and Lightning Network Critique (00:21:23)
Client Protections (00:29:26)
Custodial Wallet Risks (00:30:41)
Custodial Wallet Misconceptions (00:32:07)
CoinJoin and Scaling (00:33:42)
Privacy and Custody (00:35:13)
Zero Knowledge Proofs (00:37:44)
Soft Forks and Bitcoin Upgrades (00:41:44)
Bitcoin Culture and Development (00:44:26)
Bitcoin Upgrades and Soft Forks (00:54:29)
Soft Fork Preferences (00:57:57)
Quantum Resistance and Covenants (01:00:09)
Custodial Wallets and Adoption (01:02:20)
Bitcoin Privacy Tools (01:04:57)
Confidentiality and Fungibility (01:08:04)
Running a Full Node (01:15:08)
Node Politicization (01:18:21)
Bitcoin's Evolution and Narrative (01:21:42)
Custodial and Non-Custodial Solutions (01:24:01)
Bitcoin Cash and Bitcoin Community (01:26:02)
Bitcoin Community Dynamics (01:28:50)
Freedom of Expression (01:33:57)
Litecoin and HODL Culture (01:34:18)
Centralization in Bitcoin Development (01:40:58)
Scaling with Drivechains (01:43:51)
Influencers and Opinions (01:47:51)
Future Work and Contact Information (01:49:28)

May 31, 2024 • 1h 47min
S15 E40: Rijndael on Taproot Wizards & BIP420
Rijndael is the CTO of Taproot Wizards – a group of bitcoiners who want to make Bitcoin magical. In this interview, he talks about why OP_CAT matters and what kind of features we should expect to see in Bitcoin once a covenant soft fork gets activated.
Taproot Wizards and Bitcoin Magic (00:01:53)
Memes as Tools for Bitcoin Advancement (00:03:20)
Discussion on Taproot Wizards' Intentions (00:03:47)
Rijndael's Background and Work (00:06:38)
Discussion on BitKey Hardware Wallet (00:09:12)
Statechains and Drivechains (00:20:06)
Layer Two Labs and Paul Sztorc’s Message (00:26:03)
Taproot Wizards Funding Accusations (00:28:16)
Cryptography and Scaling (00:31:53)
Stark Proofs and Scalability (00:33:06)
Layer Two Solutions (00:36:33)
Bitcoin's Evolution (00:38:51)
Lightning Network (00:42:21)
Is Stacks a Layer Two? (00:47:39)
Future of Liquid and Lightning (00:49:41)
Lightning Network and Liquid (00:50:35)
Ordinals and Flywheel Effect (00:52:13)
Non-Custodial Lending and Trading (00:53:17)
Covenant Proposals and Bitcoin Upgrades (00:57:54)
CAT Opcode and Bitcoin Development (00:59:32)
OP_CAT Activation and Community Perception (01:03:25)
Ocean Mining and Network Control (01:09:25)
Bitcoin Purifier and Transaction Rejection (01:12:55)
Bitcoin Development and Narrative Control (01:15:36)
Casey and Runes (01:16:19)
Simplicity and Protocol Design (01:17:19)
User-Friendly Implementation of Runes (01:20:11)
Use Cases and Challenges of Ordinals (01:22:34)
Great Script Restoration and Controversy (01:24:26)
Ordinal Inscriptions and Scarcity (01:27:21)
Future Projects and Layer Twos (01:30:25)
Taproot Wizards' Presence and Conference Participation (01:36:55)
Addressing Critics of Taproot and SegWit (01:38:04)
Data Embedding in Bitcoin Transactions (01:38:42)
The Cat Chain vs. Dog Chain (01:41:10)
Setting Up a Live Stream (01:43:00)
Following Taproot Wizards on Twitter (01:44:25) I
International Travel and Visa Issues (01:45:07)
“Reagan Dial” (01:46:20)
Final Remarks and Invitation to Follow Taproot Wizards (01:46:48)
May 29, 2024 • 1h 53min
S15 E39: Pete Rizzo on Bitcoin History, Journalism & Culture
Pete Rizzo is a veteran Bitcoin journalist who still remembers the time when Bitcoin & crypto were the same undivided community. In this episode, he talks about why Bitcoin history matters & how he approaches journalism.
Time stamps:
Bitcoin's Historical Significance (00:00:48)
Bitcoin's Emergence and Pete Rizzo's Journey (00:02:09)
Challenges in Understanding Bitcoin's History (00:03:40)
Bitcoin's Ever-Changing Nature (00:05:24)
The Importance of Contextualizing Bitcoin's History (00:08:12)
The Battle Over Bitcoin's History (00:13:47)
Acknowledging Contributions and Controversies (00:18:04)
The fork wars (00:21:16)
Eric Voorhees' perspective (00:23:19)
Preserving and accessing primary materials (00:24:14)
Bitcoin maximalism and libertarianism (00:26:58)
Roger Ver's book on Bitcoin Cash (00:34:36)
The imposition of ideologies on Bitcoin (00:41:52)
Inconsistencies in Bitcoin ideology (00:42:31)
Actions and intentions of Bitfinex and Tether (00:42:57)
Perception of anti-crypto sentiment (00:45:38)
Berlin Wall analogy and Bitcoin culture (00:46:28)
Consensus and alignment within Bitcoin culture (00:50:27)
Emergence of new monoculture in Bitcoin (00:59:45)
Complexities of Bitcoin sociology (01:00:45)
Luke Dashjr and individualist perspectives in Bitcoin (01:02:02)
Luke's Defense (01:02:49)
Radicalization and Forking (01:03:49)
Bitcoin's Future (01:04:37)
Mining and Ideology (01:05:22)
Bitcoin Maximalism (01:05:56)
Scaling and Culture (01:06:44)
Bitcoin Users and Ideology (01:07:47)
Culture and Goodness (01:08:44)
Influence of Bitcoin Uncensored (01:15:19)
Bitcoin Maximalism Thesis (01:19:05)
Future of Bitcoin Maximalism (01:21:01)
The Bitcoin Takeover Podcast (01:22:41)
Casey Rodarmor and the Ordinals Protocol (01:23:29)
Bitcoin Art and Ordinals Protocol (01:24:26)
Layered Structure of Toxicity in Crypto (01:27:16)
Early Bitcoin Maximalists and Influential Figures (01:31:22)
Bitcoin as Technology vs. Ethereum as Culture (01:32:13)
Influence of Amir Taaki and Mircea Popescu (01:38:06)
Legacy of Mircea and Anti-Development Culture (01:42:09)
Acknowledging Mircea Popescu's Contributions (01:43:31)
Bitcoin and Economics (01:44:22)
Eric Voskuil and Crypto Economics (01:45:29)
Decentralization and Alternate Implementations (01:46:20)
Bitcoin's Role in the Crypto Market (01:48:02)
Tribalism and Political Impact (01:50:30)
Negative Political Action and Bitcoin (01:51:37)
Closing Remarks and Appreciation (01:53:16)
May 29, 2024 • 1h 33min
S15 E38: Crypsi on Crypto Art & Cypherpunk Culture
Crypsi is the representative of an art collective which expresses its anti-establishment ideas through physical paintings & collages, as well as digitally tokenized ideas. In this episode, he explains why memes are art & why memecoins matter.
Time stamps:
Bitcoin Art Collective's Origin (00:01:39)
Evolution of Crypto Art (00:03:19)
Role of Art in Bitcoin Revolution (00:12:21)
Intersection of Memes and Art (00:13:28)
Importance of Privacy in Bitcoin Art (00:18:15)
Debate on Bitcoin Art and NFTs (00:25:37)
Bitcoin's Evolution (00:27:06)
Art and Bitcoin (00:28:07)
Challenges in Bitcoin Art (00:29:23)
Crypto Art Movement (00:30:21)
Art in Crypto Community (00:35:22)
NFTs and Bitcoin (00:38:38)
Bitcoin Adoption and Challenges (00:42:10)
Crypto Art Tokens (00:44:07)
Bitcoin Maximalism and Multi-Chain (00:51:39)
The multichain future (00:52:28)
The meme coin collective (00:53:10)
Exploring alternative chains (00:55:37)
The role of crypto art in promoting ideas (00:59:14)
Educating about Bitcoin's original ideals (01:00:01)
Cypherpunk ideology and Bitcoin's mission (01:04:54)
Promotion of Bitcoin-related products (01:09:27)
Embracing sovereignty and freedom (01:15:39)
The history of securing Bitcoin (01:16:32)
Balancing security and accessibility (01:17:35)
The evolving landscape of crypto art (01:19:17)
The rise of meme coins and NFTs (01:20:18)
Challenges with the younger generation (01:25:22)
The distribution of crypto tokens (01:28:17)
Promoting Bitcoin art and history (01:31:18)
Parting thoughts (01:32:25)

May 24, 2024 • 1h 8min
S15 E37: Marek Narozniak on MimbleWimble & Quantum Computing
Marek Narozniak is a Polish physicist who works on a MimbleWimble implementation that can get added to Bitcoin via extension blocks to become a privacy layer. He also specializes in quantum computing, and busts some FUD about their threat.
Time stamps:
Introduction to Mimblewimble and Grin (00:00:40)
The Privacy Model of Mimblewimble (00:02:07)
What is Mimblewimble and Grin? (00:03:47)
Scalability and Growth of Grin (00:05:18)
Marek's Interest in Grin and Quantum Computing (00:07:16)
Challenges and Funding of Grin Development (00:13:36)
CoinJoin on Bitcoin (00:15:41)
CoinJoin and Privacy in Mimblewimble (00:16:49)
The Relevance of Mimblewimble and Grin to Bitcoin (00:22:18)
Bitcoin Philosophy (00:24:15)
Scalability and Design of Grin (00:25:37)
Compatibility with Bitcoin (00:27:31)
Quantum Computing and Bitcoin (00:38:31)
Quantum Resistance in Blockchain Networks (00:45:02)
Node Software and Wallet Connectivity (00:46:27)
Running a Node and Raspberry Pi (00:47:49)
Quantum Computing and Qubits (00:50:02)
Quantum Computers and Bitcoin (00:52:07)
Bitcoin and Cryptography (00:52:42)
Bitcoin and Investment (00:56:01)
Bitcoin Adoption and Use Cases (00:57:31)
Polish Bitcoin Association and Government Perception (01:02:46)
Government Digital Signature and Privacy (01:04:32)
Privacy and Bitcoin (01:05:44)

May 23, 2024 • 1h 6min
S15 E36: Eli Ben-Sasson on STARKs, Rollups & Privacy
Back in 2014, Eli Ben-Sasson co-authored the Zerocash paper, which proposed a ZK SNARK system that creates anonymous Bitcoin payments. Around the same time, he also spoke about the compression benefits of zero-knowledge proofs – a full Bitcoin node can be synced within seconds just by verifying against a valid proof.
More recently, he became interested in STARKs and built a company around this cryptographic breakthrough. If SNARKs require a trusted setup, then STARKs are a major leap towards trust minimization.
If Bitcoin activates the OP_CAT soft fork, then this ZK rollup scheme also becomes possible to enable great privacy and low-sized transactions.
Time stamps:
Introduction to the Podcast (00:00:35)
What is a Zero-Knowledge Proof? (00:02:03)
Vision for Bitcoin Node Synchronization (00:04:09)
Current State of Zero-Knowledge Proofs (00:05:44)
Challenges in Implementing Zero-Knowledge Proofs (00:06:38)
Importance of OP_CAT Opcode (00:09:19)
Comparison of OP_CAT and OP_CTV (00:12:04)
Differences Between SNARKs and STARKs (00:13:13)
Popularity of SNARKs and STARKs (00:17:47)
Ellie's Journey to Starkware (00:19:52)
The Future of Zcash (00:23:50)
The Importance of Zcash Ceremony (00:24:17)
User Experience Challenges with Zcash (00:24:38)
Impact of Zcash on Zero-Knowledge Proofs (00:26:13)
Scaling Solutions: Sidechains vs. Rollups (00:27:03)
Stark Technology as a Gold Standard (00:27:20)
Quantum Computing Threats to Bitcoin (00:29:19)
Proactive Measures Against Quantum Threats (00:31:55)
Benefits of Starks Beyond Quantum Security (00:32:25)
Resurgence of the Block Size Debate (00:33:34)
Future of Bitcoin with Starks (00:34:15)
Cultural Shift in Bitcoin Development (00:35:12)
Data Availability in Blockchains (00:37:02)
Scalability Solutions and State Differences (00:40:34)
Founding Starkware: Joy and Challenges (00:42:33)
Drivechain and Stark Integration (00:46:02)
Efficient Operations for STARKs (00:47:02)
Bitcoin's Conservative Approach (00:48:22)
Integration with Bitcoin (00:49:55)
User Experience with STARKs (00:51:00)
Understanding Starkware and Starknet (00:53:43)
Starknet's Features and Capabilities (00:54:49)
Opportunities for Bitcoin Enthusiasts (00:56:11)
Potential Collaboration with Elizabeth Stark (00:58:56)
The Future of STARKs (01:01:20)
Following Starknet and Starkware (01:04:29)
May 17, 2024 • 1h 3min
S15 E35: Nick Schteringart & Konstantin Wünscher on OpenDelta on Runes
OpenDelta is a synthetic dollar (stablecoin) that's built on top of Bitcoin's newly-launched Runes protocol. In this episode, co-founders Nick Schteringart & Konstantin Wünscher discuss about how and why they built this.
Apr 28, 2024 • 1h 20min
S15 E34: Charlie Lee on Privacy & MWEB (Mimble Wimble Extension Block)
MWEB was activated on Litecoin's main net in 2022, providing a useful mix of privacy and scalability. It's a fascinating soft fork that's 100% compatible with Bitcoin. In this episode, Charlie Lee explains how MWEB works & why it matters.
Time stamps:
Introduction to the Episode (00:00:35)
Bet with Roger Ver (00:01:19)
Lightning Network Adoption (00:02:49)
Expectations for Lightning Network (00:04:10)
Lightning as a Privacy Solution (00:05:11)
Second Layer Solutions Discussion (00:06:23)
Block Size and Decentralization (00:08:16)
Trade-offs in Scaling Solutions (00:10:06)
Introduction to MWEB (00:11:51)
Technical Specifications of MWEB (00:14:45)
Financial Privacy as a Human Right (00:16:46)
Controversy Surrounding Samurai Wallet (00:18:18)
Mixing and Privacy in MWEB (00:19:52)
Confidential Transactions in MWEB (00:20:34)
Confidential Transactions Explained (00:21:32)
Mimblewimble's Cut-Through Feature (00:22:55)
CoinJoin and Privacy (00:24:07)
Pegging Out from MWEB (00:25:09)
Exchanges and Privacy Tools (00:28:33)
Grin++ Integration with MWEB (00:30:42)
Fungibility and MWEB (00:32:58)
Ordinal Theory and MWEB (00:35:14)
CoinJoin Implementation Challenges (00:36:40)
MWEB's Similarities to Grin (00:38:20)
MWEB's Compatibility with Bitcoin (00:39:38)
Litecoin's Divergence from Bitcoin (00:40:43)
Litecoin's Role in Bitcoin Scaling (00:42:05)
Activation of SegWit and its Impact (00:42:16)
Public Support for Litecoin (00:43:35)
Sidechains & Trade-offs (00:44:56)
Interest in Drivechains (00:47:47)
Litecoin's Longevity and Usability (00:49:56)
Physical Bitcoin Collectibles (00:51:50)
Self-Custody Solutions (00:55:52)
Concerns Over Complexity in Custody (00:54:04)
Future Plans for MWEB (00:58:28)
Risks in Privacy Implementations (01:00:00)
Future of Litecoin Beyond MWEB (01:01:57)
Inflation Bug Disclosure (01:03:23)
Developer Collaboration (01:04:17)
Open Source Benefits (01:06:08)
Craig Wright Controversy (01:06:58)
ETFs and Demand (01:09:25)
Ethereum's ETF Challenges (01:10:32)
Staking and ETFs (01:11:20)
Satoshi Identity Debate (01:12:27)
Magical Crypto Friends Comeback? (01:13:12)
Innovation Beyond Bitcoin (01:14:32)
Multi-Chain Future (01:18:20)


