Supply Shock

This week, we break down the escalating emergency soft-fork push inside the Bitcoin fork telegram channel, including the bans, inconsistencies, shifting activation plans, and the core dispute over whether a minority can (or should) restrict existing user behavior on Bitcoin. The panel dissects the technical, social, economic, and philosophical stakes, from property-rights violations to purity spirals, UASF fantasies, dangers of rushing consensus, and more. Enjoy! — Follow Joakim: https://x.com/joakimbook Follow Aaron: https://x.com/AaronvanW Follow Rob: https://x.com/Rob1Ham Follow Rizzo: https://x.com/pete_rizzo_ Follow Supply Shock: https://twitter.com/SupplyShockBW Follow Blockworks: https://twitter.com/Blockworks_ Supply Shock Telegram: https://t.me/+SpmLg6P_QcgxNDcx — Timestamps: (00:00) Introduction (02:39) Inside the Bitcoin Fork Telegram (04:45) Diverging Views on the Fork Proposal (12:48) Is the Soft Fork Valid? (14:41) Who Decides Bitcoin’s Future? (17:17) FG Trailer (18:29) Economic Consequences of a Forked Bitcoin (26:24) Miners vs. Nodes (36:18) Can Bitcoin Maintain Consensus & Network Health? (37:46) The Hard Part: Technical + Social Coordination (41:11) Ideology, Philosophy & What Bitcoin Should Be (43:31) Lessons From Past Fork Fights (47:41) Who Really Owns Bitcoin? (01:01:22) Censorship, Neutrality & Network Integrity (01:06:28) Final Thoughts — Disclaimer: Nothing said on Supply Shock is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are opinions, not financial advice. Hosts and guests may hold positions in the companies, funds, or projects discussed. #Bitcoin #Crypto #SupplyShock

In this episode, co-creator of Counterparty Adam Krellenstein joins the show to unveil Kontor – a next-generation Bitcoin meta-protocol offering native smart contracts and scalable file storage built directly on Bitcoin. He explains how Kontor builds on the legacy of Counterparty, colored coins, and Ordinals to bring true DeFi to Bitcoin without sidechains. Enjoy! — Follow Adam: https://x.com/agkrellenstein Follow Rizzo: https://x.com/pete_rizzo_ Follow Supply Shock: https://twitter.com/SupplyShockBW Follow Blockworks: https://twitter.com/Blockworks_ Supply Shock Telegram: https://t.me/+SpmLg6P_QcgxNDcx — Timestamps: (00:00) Introduction (02:02) Kontor: The Next Bitcoin Meta Protocol (03:48) Why Bitcoin Needs a Meta Layer Now (08:05) Smart Contracts, Storage & Kontor’s Design (13:00) Ethics, On-Chain Activity & Bitcoin’s Moral Debate (17:43) Launch Playbook & Kontor Tokenomics (19:36) Kontor’s Scripting Language & Transaction Flow (25:06) FG Trailer (26:18) How Data Moves Through Kontor & Bitcoin (32:06) Building on Bitcoin vs. Alt-L1 Ecosystems (36:59) Bitcoin’s Next Era: Protocols, Miners & Markets (47:52) Multiple Implementations & the Future of Consensus (51:23) Bitcoin Wall Street-ification & Guardrails (55:18) Final Thoughts — Disclaimer: Nothing said on Supply Shock is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are opinions, not financial advice. Hosts and guests may hold positions in the companies, funds, or projects discussed. #Bitcoin #Crypto #SupplyShock

Ian Rogers, Chief Experience Officer at Ledger, shares insights on the innovative Ledger Nano Gen 5 and its e-ink touchscreen. He emphasizes enhanced usability for hardware wallets, discussing how these developments streamline user onboarding. The conversation dives into secure element architecture, Ledger's strategic evolution from Bitcoin cold storage to comprehensive digital value management, and practical recovery solutions. Ian also touches on multi-sig setups, addressing how Ledger is catering to diverse user needs while advocating for broader adoption.

In this discussion, Aaron Van Werdum, a Bitcoin commentator, tackles the heated debate surrounding BIP-444, a proposed soft fork aimed at limiting on-chain data. Joining him are Shinobi, a technical editor with insights on consensus mechanisms, and Rob Hamilton, CEO of Red Anchor Watch. They dive into topics like the implications of a blockchain civil war, the cultural undercurrents of 'pleb slop,' and whether such a fork could effectively control arbitrary data. The group also explores prediction markets related to the fork’s activation probability and the power dynamics at play in Bitcoin's future.

In this episode, Lamar Wilson – founder of Black Bitcoin Billionaire and creator of Orange House Capital – joins the show to discuss his new platform that lets everyday people buy Bitcoin the same way they’d buy a home: with a down payment and monthly installments. Lamar explains how this “Bitcoin mortgage” model aims to make ownership accessible without credit checks, drawing parallels to how traditional mortgages built the American middle class. Enjoy! — Follow Lamar: https://x.com/bigmarh Follow Rizzo: https://x.com/pete_rizzo_ Follow Supply Shock: https://twitter.com/SupplyShockBW Follow Blockworks: https://twitter.com/Blockworks_ Supply Shock Telegram: https://t.me/+SpmLg6P_QcgxNDcx Supply Shock Newsletter: https://blockworks.co/newsletter/supplyshock — Timestamps: (00:00) Introduction (02:17) Building Orange House (04:32) The Bitcoin Mortgage Model (10:56) Cryptography & Refinancing (13:50) Reinventing the Mortgage for Bitcoin (17:44) FG Trailer (18:56) Reinventing the Mortgage for Bitcoin (21:11) The Target Market (23:44) The Bitcoin Layaway Revolution (26:14) Lamar’s Bitcoin History (27:58) Democratizing Bitcoin Access (33:25) Bitcoin is for the People (38:22) Final Thoughts — Disclaimer: Nothing said on Supply Shock is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are opinions, not financial advice. Hosts and guests may hold positions in the companies, funds, or projects discussed. #Bitcoin #Crypto #SupplyShock

Join Shinobi, a technical editor at Bitcoin Magazine, Aaron van Wirdum, a Bitcoin historian, and Joakim Book, a researcher focusing on governance, as they delve into the urgent BIP-444 proposal for Bitcoin. They explore its potential to split the network, debate the legitimacy of its emergency framing, and unpack the technical and cultural implications of implementing such a drastic change. The trio also reflects on historical parallels, the challenges of community consensus, and the future of Bitcoin amidst rising tensions and ideological divides.

In this discussion, Boaz Sobrado, a seasoned fintech analyst focused on crypto and regulatory trends, reveals why October was a rough month for Bitcoin. He explores how institutions are reshaping market narratives and discusses the rise of corporate Bitcoin adoption. The conversation dives into the impact of exchange shifts, with CME growing in influence, and the possibility of 24/7 trading reducing volatility. Sobrado also examines the strategic accumulation of Bitcoin by governments and the potential for Square to boost merchant payments.

Joakim Book, a prominent writer and editor in the Bitcoin space, joins the discussion to unpack the latest crypto developments. He explores the impact of potential government shutdowns on Bitcoin interest, while also delving into recent U.S. Bitcoin seizures and their legal implications. Joakim examines the growing influence of stablecoins like Tether and critiques mainstream media's framing of the crypto narrative. Lastly, he debates whether Bitcoin's traditional four-year cycle is shifting under new market dynamics.

Paul Sztorc, Founder and CEO of Layer2Labs and an insightful Bitcoin researcher, dives into the complexities of Bitcoin governance and development. He critiques the Lightning Network, discusses the divide between users and developers, and highlights the issues with Bitcoin Core’s authority. Sztorc also explains the importance of informed consent in upgrades and the inevitable competition among implementations. With a keen focus on Bitcoin’s future, he explores the role of fees and user adoption in driving sustainable growth.

Mike Tidwell, a Lightning developer at ZBD Pay and organizer of TABConf, dives into the thrilling debates surrounding Bitcoin's future. He discusses TABConf's unique community-driven approach and the tensions between Bitcoin Core and Knots governance. The conversation probes whether the Lightning Network is misallocated or successful and whether quantum computing really poses a threat. Tidwell also sheds light on how user preferences impact mempool policies and the political dynamics at play in Bitcoin's development. Tune in for an insightful exploration!