All In Bitcoin

In this end-of-year recap, our guests: Adam Back, Peter Todd, John Carvalho, Jameson Lopp, Rockstar Dev, Martti Malmi, Trace Mayer, Alex B, Pierre Rochard, Jimmy Song, Jack Kruse, Mike Peterson, Nicolas Burtey, Willy Woo, Ben Perrin, Abubakar Nur Khalil, Jeff Booth, Derek Ross, and Max Kei challenge the narratives. We unpack what actually made Bitcoin launch, explain mining, explore how Bitcoin scales beyond Lightning, and examine the real risks facing Bitcoin Core, stablecoins, and censorship resistance. From Nostr and digital identity to government failure and capital fleeing broken systems, El Salvador’s frustrations, environmentalism exposed, the challenges and realities behind gold verification, and why building Bitcoin businesses remains the toughest industry of all. This episode captures the uncomfortable truths of 2025 and much more, carrying us forward into the new year. Thank you for being with us this year! Here’s to many more great episodes to come next year. A small New Year’s favor: please subscribe and hit the bell. It really helps us push the conversation further, reach new audiences, share the message of Bitcoin, and gives us the motivation to keep going, keep traveling, keep preparing, and keep bringing you in-person conversations. Wishing you the best, CK and the All in Bitcoin team 👇ORDER YOUR BITBOX 02 NOVA BITCOIN ONLY HARDWARE WALLET WITH 5% DISCOUNT https://bitbox.swiss/allinbitcoin & Use Code ALLINBITCOIN 👇FOLLOW CK & ALL IN BITCOIN: Nostr: allinbitcoin@nostrplebs.com X: @allinbitcoinpod 👇FOLLOW ADAM'S WORK: X: @adam3us Nostr: @adam3us 👇FOLLOW PETER´S WORK: X: @peterktodd Nostr: pete@petertodd.org 👇FOLLOW JOHN'S WORK: Nostr: @bitcoinerrorlog X: ‪@BitcoinErrorLog‬ 👇FOLLOW JAMESON'S WORK: Nostr: lopp@lopp.net X: ‪@lopp 👇FOLLOW UNCLE ROCKSTAR'S WORK: Nostr: rockstar@primal.net X: ‪‪@r0ckstardev‬ 👇FOLLOW TRACE'S WORK: X: @TraceMayer https://www.bitcoin.kn 👇FOLLOW ALEX B.'S WORK: Nostr : @bergealex4 X : @bergealex4 👇FOLLOW PIERRE'S WORK: Nostr : @bitcoinpierre X :‪@BitcoinPierre‬ 👇FOLLOW JIMMY'S WORK: Nostr : jimmysong X :‪@jimmysong 👇FOLLOW Dr.JACK'S WORK: X :‪ @DrJackKruse 👇FOLLOW MIKE'S WORK: X :‪ @Bitcoinbeach https://bitcoinbeach 👇FOLLOW NICOLAS' WORK: X :‪ @nicolasburtey X : @galoymoney 👇FOLLOW WILLY'S WORK: X :‪ @woonomic https://willywoo.substack.com 👇FOLLOW BTCsessions' WORK: Nostr: BTCsessions@primal.net X :‪ ‪@BTCSessions‬ https://usingbitcoin.io 👇FOLLOW ABUBAKAR'S WORK: Nostr: primal.net/abubakar X :‪ ‪@ihate1999 👇FOLLOW JEFF'S WORK: Nostr: jeffbooth@nostrverified.com X :‪ ‪@egodeathcapital 👇FOLLOW DEREK'S WORK: Nostr: derekross@grownostr.org https://www.grownostr.org 👇FOLLOW MAX'S WORK: Nostr: npub1797h37mc98f6363m5nysxd0t2swuz7nxq4z83saw77em3czld6xqvuar68 X: @keidunm 👇All music composed by Jeroen Goeijers https://linktr.ee/jeroengoeijers TIME STAMPS: 0:00 Great Trailer 1:23 Peter Todd 2:35 Adam Back 4:44 Jameson Lopp 6:48 John Carvalho 8:54 Rockstar 10:54 Martti Malmi 12:21Trace Mayer 14:16 Alex B. 16:41 Pierre Rochard 19:31 Jimmy Song 22:07 Jack Kruse 23:47 Mike Peterson 25:20 Nicolas Burtey 26:26 Willy Woo 28:11 Ben Perrin 30:19 Abubakar Nur Khalil 33:02 Jeff Booth 34:23 Derek Ross 36:13 Max Kei DISCLAIMER:All views expressed by me or my guests are solely our own opinions. You should not treat any opinions expressed in this podcast as a specific endorsement to make a particular investment or follow a particular strategy, but only as an expression of personal opinion. This podcast is for informational purposes only. It does not constitute financial, legal, or political advice, and it does not promote or oppose any political party, candidate, or campaign. This podcast may contain speculation, or interpretation. We encourage listeners to do their own research and verify information independently.

From Soviet Latvia to Bitcoin Legend: Max Kei (Debifi CEO, Hodl Hodl, Baltic Honeybadger) on 10 years of pure chaos, WW3 plans, Ordinals rage & only 1,031 Honeybadger tickets… The most unfiltered Bitcoin OG interview you’ll watch this year. What happens when a Soviet kid becomes one of the most respected Bitcoiners? From quitting a government university spot… to launching the conference that started the entire Bitcoin-only movement. * We discuss: -Block-size wars & Ordinals hate -OP_RETURN drama & Samurai Wallet arrests -WW3 survival (or lack thereof) -2027 Honeybadger: exactly 1,031 tickets (10/31 whitepaper nod) -Why Bitcoiners love drama 👇 Link to legendary Andreas chat HB 2017 https://youtu.be/w4uysldnzio 👇 Follow, like , subscribe and tap the bell to All in Bitcoin for more unfiltered conversations that go where others won’t. 🎧 Available on YouTube, Spotify, Apple, Nostr, and everywhere you listen: https://linktr.ee/allinbitcoin 👇 FOLLOW MAX'S WORK: Nostr: npub1797h37mc98f6363m5nysxd0t2swuz7nxq4z83saw77em3czld6xqvuar68 Max on X: @keidunm * Debifi on X: @debifi.com https://debifi.com Hodlhodl on X:@hodlhodl Hodlhodl on Nostr: hodlhodl@nostr.hodlhodl.com https://hodlhodl.com 👇 FOLLOW CK & ALL IN BITCOIN: Nostr: allinbitcoin@iris.to X: @allinbitcoinpod * TIME STAMPS: 0:00 – Cold open: “Everyone has a plan… until they get punched in the face” 1:19 – Welcome Max Kei – CEO Debifi, Baltic Honeybadger, Hodl Hodl 1:33 – Born while Latvia was still Soviet Union 2:17 – The very different dinner-table culture in Eastern Europe 3:28 – Wanted to be a lawyer… because of Hollywood movies 4:22 – The one piece of advice he’d give his younger self 5:04 – Walking away from a government-sponsored university spot 6:52 – Introvert or extrovert? His real answer 7:32 – The future scenario that actually keeps him awake (Bitcoin can’t fix this) 9:04 – His grandfather: homeschooling and the biggest influence 12:38 – Has he ever taken a single break from Bitcoin? 13:22 – How the Bitcoin community went from pure cypherpunk to institutions 14:44 – Block-size wars: where Max stood 15:03 – Unfiltered take on Ordinals, NFTs & OP_RETURN spam 16:02 – Why Bitcoiners are addicted to drama 18:31 – What makes a great partner 19:03 – WW3 survival plan… or why he has none 20:38 – The one Bitcoiner he respects above everyone 23:01 – Regrets after 10 years in Bitcoin? 23:58 – How long it really takes to earn Max’s trust 25:52 – Samurai Wallet arrests & jailing developers 27:08 – Baltic Honeybadger origin story begins 28:17 – Do Bitcoin-only events still matter in the ETF era? 29:02 – The total chaos of the 2017 first edition 30:03 – Who actually flew in 31:29 – When he realized Honeybadger had become a Bitcoin landmark 32:23 – 2027 bombshell: only 1,031 tickets (10/31 whitepaper tribute) 33:33 – Might stop forever after 2027 – the emotional reason 36:12 – How the crowd evolved from pure cypherpunk 37:53 – Unforgettable stage moments & the most legendary talk ever 42:47 – Dream 2027 lineup: Andreas return, Paolo, Jack Dorsey? 44:52 – The 1,031-ticket easter egg every Bitcoiner will lose their mind over 46:10 – Where to follow Max & Honeybadger news * DISCLAIMER:All views expressed by me or my guests are solely our own opinions. You should not treat any opinions expressed in this podcast as a specific endorsement to make a particular investment or follow a particular strategy, but only as an expression of personal opinion. This podcast is for informational purposes only. It does not constitute financial, legal, or political advice, and it does not promote or oppose any political party, candidate, or campaign. This podcast may contain speculation, or interpretation. We encourage listeners to do their own research and verify information independently.

The internet is quietly splitting in two. A KYC, permissioned, censorable web on one side… and a small, unstoppable, permissionless one on the other. Derek Ross has deleted every legacy social account, staked his name and face on Nostr, and is betting his life on freedom tech, Bitcoin, and open protocols, even if his own family doesn’t fully get it. In this deeply personal conversation, Derek and I dig into what censorship actually feels like in the so-called “free world,” why YouTube and X suspensions are not a China-only story, and how Nostr lets you truly own your identity with private keys you can’t be deplatformed from. Derek explains why the “Nostr is too technical” myth needs to die, how circular Bitcoin economies and zaps are already working at scale, and why losing your keys would mean losing years of “proof-of-work” reputation. We talk about family who don’t believe in Bitcoin, political blow-ups at home, changing his mind 180° on COVID restrictions, and the real emotional cost of being visible instead of anonymous. Derek also shares how AI “vibe coding” turned him into a builder overnight, why he’s now doing dev-rel for Soapbox, and how he ended up literally marrying two friends who met on Nostr. 👉 Follow & subscribe to All in Bitcoin for more unfiltered conversations that go where others won’t. 🎧 Available on YouTube, Spotify, Apple, Nostr, and everywhere you listen: https://linktr.ee/allinbitcoin 👇FOLLOW DEREK'S WORK: Nostr: derekross@grownostr.org https://www.grownostr.org 👇FOLLOW CK & ALL IN BITCOIN: Nostr: allinbitcoin@iris.to X: @allinbitcoinpod TIME STAMPS: 0:00 Introduction 5:59 Letting go of the old world 10:11 The real cost of stepping forward 14:11 The resistance that surprises him 17:07 The problem simplicity can’t solve 19:39 A truth he rarely says aloud 21:50 The tool that still doesn’t exist 27:46 What ownership actually means 33:02 When censorship stops being theoretical 36:20 The shift happening faster than expected 38:27 Building without permission 41:05 When passion unexpectedly becomes a job 45:07 The fear that lingers beneath the work 47:22 The conflict closest to home 52:03 A belief he completely reversed 55:59 Pride and isolation at the same time 59:51 What would remain if he disappeared 1:01:22 A great story NOSTR made possible 1:04:00 On the feeling of being free 1:05:13 Where to find Derek DISCLAIMER:All views expressed by me or my guests are solely our own opinions. You should not treat any opinions expressed in this podcast as a specific endorsement to make a particular investment or follow a particular strategy, but only as an expression of personal opinion. This podcast is for informational purposes only. It does not constitute financial, legal, or political advice, and it does not promote or oppose any political party, candidate, or campaign. This podcast may contain speculation, or interpretation. We encourage listeners to do their own research and verify information independently.

In this engaging conversation, Jeff Booth, an entrepreneur and Bitcoin advocate, discusses the economic implications of technology and sovereignty. He reveals how El Salvador's bold move towards Bitcoin could signal a shift for freedom in the face of institutional resistance. Booth unpacks the hidden monetary dynamics of Africa's colonial past and critiques the perpetual debt traps set by global institutions. He highlights the incompatibility of Bitcoin and fiat, arguing that one will ultimately prevail in the ongoing battle for financial sovereignty.

Abubakar Nur Khalil, a Bitcoin Core contributor and developer advocate from Nigeria, dives into the nuances of Bitcoin development. He shares insights on the OP_RETURN debate and highlights the human factors driving drama in the community. With a focus on Nigeria’s thriving Bitcoin scene amidst hyperinflation, he also discusses the importance of mentorship and the effects of visibility on personal security. Abubakar emphasizes that the biggest risks to Bitcoin are not technical but socio-political, advocating for a balance between progress and preserving its core values.

In this conversation, Ben Perrin, known as BTCsessions, shares cautionary tales from the Bitcoin space, touching on catastrophic mistakes like lost life savings, cold storage fails, and the emotional impact of burnout. He emphasizes the importance of strong OPSEC, revealing common pitfalls in multisig setups and privacy strategies. Ben also discusses the dangers of procrastination when it comes to self-custody and shares practical tips for personal safety and avoiding scams. His insights serve as a wake-up call for anyone serious about Bitcoin security.

Join Ben Perrin, the creative mind behind the BTC Sessions YouTube channel, as he dives into the fascinating world of Bitcoin education. Discover his journey from performing arts to becoming a leading Bitcoin educator. Ben shares his experiences with censorship and platform suspensions while emphasizing the importance of self-custody. He also reveals the surprising impact of his tutorials, the struggles of maintaining friendships during controversial protests, and how flight anxiety influenced his path. Tune in for insights on practical Bitcoin tools that empower newcomers!

Willy Woo returns and we go deeper! From global liquidity shifts to personal philosophy, Bitcoin lending, and the risks most people ignore. This is a wide-ranging, thoughtful conversation with one of the sharpest minds in the space. We cover: • The trap everyone is walking into • Why this might be the weirdest cycle yet • What signals mark the top and how he prepares for panic • Rehypothecation, self-custody, and the future of Bitcoin-backed lending • What could outperform Bitcoin and what he’s betting on • The threat of nationalization and Bitcoin’s “gold 2.0” risk • His lower price expectations for the next bear market — and why • And why the next bear market may be shaped by the global economy itself 🔔 Subscribe for new, high-signal episodes every other week. 👇FOLLOW WILLY'S WORK: X :‪ @woonomic https://willywoo.substack.com 👇FOLLOW CK & ALL IN BITCOIN: Nostr: allinbitcoin@primal.net allinbitcoin@iris.to) [allinbitcoin@nostrplebs.com](mailto:allinbitcoin@nostrplebs.com) X: @allinbitcoinpod 👇WATCH / LISTEN / SUBSCRIBE TO THE ALL IN BITCOIN PODCAST: https://linktr.ee/allinbitcoin 🎟️ Adopting Bitcoin Conference 📍 San Salvador | Nov 14–15, 2025 Use code: ALLINBITCOIN for 10% OFF your ticket. See you there! 🚀 🎟️ Economia Bitcoin📍 Berlin, El Salvador | Nov 22–23, 2025 Use code: CKDISCOUNT for 10% OFF your ticket. See you there! 🚀 TIME STAMPS: 0:00 Introduction 1:35 Shaping identity 4:35 Spiritual path 6:47 Local Bitcoin communities that change nations 7:58 From mobile email to on-chain analytics 1 2:23 Launching a new Bitcoin collateral fund 19:00 The risk of liquidation and safe LTV ratios 22:59 Trader games 24:01 Where we are in this bull market 26:20 How leverage builds up—and gets wiped out 27:49 Asia’s Bitcoin market 30:39 The villain of the next bear market 31:13 Could governments nationalize Bitcoin treasuries? 36:04 Bear-market bottom call: why $40K may hold 52:04 The trap everyone is walking into right now 56:04 Bitcoin’s biggest risk 1:00:48 Woo’s strongest conviction for 2025 1:02:15 The most important lessons he learned DISCLAIMER:All views expressed by me or my guests are solely our own opinions. You should not treat any opinions expressed in this podcast as a specific endorsement to make a particular investment or follow a particular strategy, but only as an expression of personal opinion. This podcast is for informational purposes only. It does not constitute financial, legal, or political advice, and it does not promote or oppose any political party, candidate, or campaign. This podcast may contain speculation, or interpretation. We encourage listeners to do their own research and verify information independently.

Step inside the mind of @woonomic in one of his most personal interviews ever. In Part 1 of this two-part series, Willy Woo answers 21 bold questions on Bitcoin, belief, money, metrics, panic, identity, and risk. From misunderstood charts to self-custody, walking away, and redefining what money really is — this is not the typical TA talk. It’s raw, surprising, and packed with insight for both beginners and Bitcoin veterans. 📌 Topics include: • Bitcoin’s evolution & what we still get wrong • Self-custody vs public visibility • Quiet wins, market panic, and emotional buffers • Walking away, belief death, and finding clarity • The one metric he never publishes 🎧 Don’t miss Part 2 — coming soon: Cycles, supercycle myths, AI, ETF flows, and the trap everyone’s walking into. 👇FOLLOW WILLY'S WORK: X :‪ @woonomic https://willywoo.substack.com 👇FOLLOW CK & ALL IN BITCOIN: Nostr: allinbitcoin@primal.net allinbitcoin@iris.to allinbitcoin@nostrplebs.com X: @allinbitcoinpod 👇WATCH / LISTEN / SUBSCRIBE TO THE PODCAST: https://linktr.ee/allinbitcoin 🎟️ Adopting Bitcoin Conference 📍 San Salvador | Nov 14–15, 2025 Use code: ALLINBITCOIN for 10% OFF your ticket. See you there! 🚀 🎟️ Economia Bitcoin📍 Berlin, El Salvador | Nov 22–23, 2025 Use link: https://btcpay.btc.aw/apps/2i7RtsTvx7M9jv6… for 10% OFF your ticket. See you there! 🚀 TIME STAMPS: 0:00 Trailer 1:30 Who is Willy Woo? 21 takes 3:00 Fixing Government 7:46 Walking Away 14:24 Ledger 24:57 Bitcoin’s Shock Moments 27:04 How We Get to 1B 31:13 Don’t Be ‘All-In’ 40:44 Liquidity Flows 46:09 Painful Bets & Better Filters 55:40 “It’s Going Up Forever” 56:12 Self-Custody vs Public Life: The Trade-Off 1:05:43 The Fort Knox Playbook 1:06:43 The Quiet Contagion 1:08:42 Where to Follow Willy & What’s Next DISCLAIMER:All views expressed by me or my guests are solely our own opinions. You should not treat any opinions expressed in this podcast as a specific endorsement to make a particular investment or follow a particular strategy, but only as an expression of personal opinion. This podcast is for informational purposes only. It does not constitute financial, legal, or political advice, and it does not promote or oppose any political party, candidate, or campaign. This podcast may contain speculation, or interpretation. We encourage listeners to do their own research and verify information independently.

In this explosive episode, Nicolas Burtey (CEO of Galoy and organizer of Adopting Bitcoin) breaks down how Bitcoin, stablecoins, and open-source banking are about to tear through legacy finance, and why Europe might be the last to wake up. This is a bold conversation about freedom, tech, and the coming war over money. 📍 Don’t miss this one — especially if you’re trying to understand what’s really coming for banks, regulators, and the global monetary order. 🎙️ Subscribe to ALL IN BITCOIN for more raw, honest conversations that cut through the noise. 👇FOLLOW NICOLAS' WORK: X :‪ @nicolasburtey X : @galoymoney 👇FOLLOW CK & ALL IN BITCOIN: Nostr: allinbitcoin@primal.net X: @allinbitcoinpod 👇WATCH / LISTEN / SUBSCRIBE TO THE PODCAST: https://linktr.ee/allinbitcoin 🎟️ Adopting Bitcoin Conference 📍 San Salvador | Nov 14–15, 2025 Use code: ALLINBITCOIN for 10% OFF your ticket. See you there! 🚀 🎟️ Economia Bitcoin📍 Berlin, El Salvador | Nov 22–23, 2025 Use link: https://btcpay.btc.aw/apps/2i7RtsTvx7M9jv66W6jWQyLDWB5p/pos for 10% OFF your ticket. See you there! 🚀 TIME STAMPS: 00:00 Disclaimer and intro 01:14 Meet Nicolas – Tech Builder and Bitcoiner 02:05 From France to Silicon Valley 03:25 Scaling in the US vs France 04:48 The Harsh Reality of Building Bitcoin Startups 06:12 Discovering Bitcoin Through GPU Disruptions 08:57 El Salvador’s State of Emergency Explained 10:03 Did the IMF Force El Salvador to Retreat? 10:37 Has Bitcoin Failed as a Medium of Exchange? 12:01 Why Stablecoins Are Gaining Traction 14:05 Will AI Agents Use Stablecoins or Bitcoin? 17:44 How Bitcoin-Backed Loans Actually Work 21:02 The Real Risk: When Custodians Disappear 22:11 Why We Built Lana – Tools for Bitcoin Lending 28:27 Stacks, Conviction And Where To Follow His Work DISCLAIMER:All views expressed by me or my guests are solely our own opinions. You should not treat any opinions expressed in this podcast as a specific endorsement to make a particular investment or follow a particular strategy, but only as an expression of personal opinion. This podcast is for informational purposes only. It does not constitute financial, legal, or political advice, and it does not promote or oppose any political party, candidate, or campaign. This podcast may contain speculation, or interpretation. We encourage listeners to do their own research and verify information independently.