Supply Shock

Scott Stornetta, an American physicist known for his pioneering work on blockchain and digital timestamping, discusses Bitcoin's current limitations and its evolution. He critiques proof-of-work, explores the philosophies of decentralization, and reflects on the cypherpunk movement. Stornetta shares insights on Bitcoin's struggle as a medium of exchange and its potential as a store of value. He also touches on the importance of digital identity in the blockchain ecosystem and the future of cryptocurrency amidst challenges and emerging technologies like Ethereum.

Nolan Bowerly, a cryptocurrency expert, and Austin DeNoche from Blockworks dive into whether we're in a bull or bear market. They discuss Circle's upcoming IPO and Fidelity's new crypto retirement options. The conversation heats up with GameStop's Bitcoin purchases and Eric Trump's Bitcoin mining venture. The hosts dissect how human behavior affects market dynamics and corporate strategies, plus the potential of stablecoins to reshape finance. It's a dynamic exploration of Bitcoin's evolving role in a shifting economy.

Bill Barhydt, Founder and CEO of Abra, discusses Michael Saylor's controversial Bitcoin strategies and his shocking idea to make 17,000 Bitcoin unspendable. He delves into the shifting landscape of crypto politics, where it’s becoming a partisan issue, and highlights how Bitcoin can transform economies like El Salvador's. The conversation contrasts Bitcoin with Ethereum's current challenges and explores the future of decentralized banking, offering insights on innovative solutions for wealth management in the crypto space.

Skot, the innovative founder of BitAxe, discusses revolutionizing Bitcoin mining with his affordable open-source mining machine. He dives into the transition from centralized mining pools to grassroots initiatives, making mining accessible to all. Skot shares insights on the challenges of ASIC chip design, the significance of proof-of-work, and the promise of decentralized solutions. He also highlights the transformative potential of self-hosted mining pools and the importance of community support in shaping the future of Bitcoin.

Trace Mayer, an early Bitcoin advocate and founder of Urim Capital, dives into monetary sovereignty and the evolving role of Bitcoin in finance. He discusses how the U.S. government might strategically acquire Bitcoin to combat national debt and tackle economic warfare with China. Mayer also highlights the historical context of digital currencies, shares insights on political engagement within the Bitcoin community, and explores the risks and potential of U.S. stablecoins. His reflections on the dynamic crypto landscape are both thought-provoking and timely.

Cory Klippsten, Founder of Swan Bitcoin, dives into the shadowy world of cryptocurrency during his discussion. He exposes deceptive practices in the meme coin sector and introduces the term ‘scambling’ to illustrate investor manipulation. Cory highlights the contrasting fates of Bitcoin and Ethereum, advocating for Bitcoin's supremacy as a global currency. He also discusses the implications of stablecoins and evolving regulations, while painting a picture of exciting startup opportunities in the Bitcoin landscape.

Michael Saylor, Executive Chairman of Strategy and a prominent Bitcoin advocate, dives deep into Bitcoin's pivotal role in shaping global finance. He discusses how governments are beginning to recognize Bitcoin as a strategic reserve asset. Saylor emphasizes the need for bipartisan support for Bitcoin integration and its ethical implications, arguing it enhances individual freedom. He also explores the transformation of the digital token economy, highlighting the potential for innovation and growth in this evolving financial landscape.

Join Casey Wagner, a Senior reporter for BlockWorks covering crypto news and politics, and Ben Strack, also with BlockWorks focusing on institutional crypto involvement, as they tackle the heated political landscape surrounding Bitcoin. They discuss the urgency of bipartisan legislation on cryptocurrencies, corporate adoption trends, and the intriguing rise of Bitcoin staking. They also explore the evolving perception of Bitcoin and stablecoins, revealing how mainstream interest is growing while skepticism remains in certain quarters. It's a dynamic conversation shaping the future of digital assets!

Jeremy Rubin, a respected Bitcoin core developer and founder of Judica, discusses innovative blockchain upgrades like OpCTV and OpCFSV, which aim to enhance Bitcoin's scalability and security. He emphasizes the importance of community consensus in evolving the Bitcoin network and navigates the philosophical rift between Bitcoin and Ethereum. The conversation also touches on rising DeFi trends and the urgent need for robust security measures to counter emerging vulnerabilities. Join Jeremy for an engaging look at the future of Bitcoin!

This week, we discuss lawmakers reintroducing the Bitcoin Act, takeaways from the White House crypto summit, and what Russia’s crypto proposal suggests about Bitcoin sovereign game theory. We also delve into a single Bitaxe mining a block, why proof-of-work consensus is so important, and more. Enjoy!—Follow Nolan: https://x.com/countbtcFollow Michael: https://x.com/mpmcsweeneyFollow Rizzo: https://x.com/pete_rizzo_Follow Supply Shock: https://twitter.com/SupplyShockBWFollow Blockworks: https://twitter.com/Blockworks_Join Supply Shock Telegram: https://t.me/+SpmLg6P_QcgxNDcxThe Bitcoin Historian Newsletter: https://bitcoinhistorynewsletter.com/—Join us at Digital Asset Summit 2025 March 18th - 20th. USE CODE SHOCK10 FOR 10% OFF general admission!https://blockworks.co/event/digital-asset-summit-2025-new-york—Bitcoin DeFi is here. Stake, bridge, swap and earn real yield on Core - Bitcoin’s consumer chain and staking layer.Join Ignition and get onchain: ignition.coredao.org/blockworksStake your Bitcoin with Core: stake.coredao.org/blockworksLedger, the global leader in digital asset security, proudly sponsors Supply Shock. As Bitcoin adoption grows, Ledger celebrates 10 years of securing over 20% of the world’s crypto. Buy a LEDGER™ device now for true self-custody and peace of mind in securing your Bitcoin. Devices are also available in Bitcoin orange. For every device ordered in BTC Orange, we’ll donate $5 to brink.dev. Buy now at Ledger.com.Need liquidity without selling your Bitcoin? For 6+ years, Ledn has been the trusted choice for Bitcoin-backed lending. With transparency, security, and trust at our core, we help you access your BTC’s wealth while HODLing. Discover what your Bitcoin can do at ledn.io/borrowing.—Timestamps:(00:00) Introduction(01:12) Biggest Bitcoin Headlines(04:01) Greenland's Political Shift(06:31) Michael Saylor's Manifest Destiny(11:29) White House Crypto Summit(14:27) Ads (Core, Ledger, Ledn)(16:00) White House Crypto Summit (Con't)(22:35) Russia's Bitcoin Regulation(26:15) Ads (Core, Ledger, Ledn)(28:22) BRICS & Bitcoin Game Theory(42:37) Bitaxe Miner & Value of Proof-of-Work(53:40) Final Thoughts and DAS 2025—Disclaimer: Nothing discussed on Supply Shock should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.