80: Shutdown Shock

The U.S. shutdown has sidelined a trillion dollars, starving markets and Bitcoin alike. Whales are having their IPO moment, treasury stacks are shrinking, and now BIP-444 drops a fresh dose of chaos into the mix.

Episode Links

• 🇺🇸 Buy Sats on River (https://partner.river.com/jupiter) - The best way to stack in the US

• 🇨🇦 The Bitcoin Well (https://www.bitcoinwell.com/jupiter) - An amazing automatic self-custody Bitcoin platform

• ⚡ The Bitcoin Company (https://app.thebitcoincompany.com/signup?ref=JUPITER) - Spending your Bitcoin Via Lightning

• 🏦 Fold Card (https://use.foldapp.com/r/XNHPXTFC) - Pay bills Stack Sats

• 💵 SALT Lending (https://borrower.saltlending.com/register?referralCode=GkPQdbqWG) - Get access to your BTC Value w/out Selling

Show Notes

• Tomas on X: "OK, lots of bad takes on X over the past few days. (https://x.com/TomasOnMarkets/status/1985737698158788882)

• How Bitcoin Liquidity Has Been Affected by the Government Shutdown - Decrypt (https://decrypt.co/347308/bitcoin-liquidity-government-shutdown)

• Bitcoin’s Silent IPO: Why This Consolidation Isn’t What You Think (https://visserlabs.substack.com/p/bitcoins-silent-ipo-why-this-consolidation)

• The Truth About Why Bitcoin Isn’t Exploding (Yet) - YouTube (https://www.youtube.com/watch?v=Pry8GotwAeA)

• Ted on X: "This isn’t a good sign. 🚨 That’s the second Treasury company I’ve seen selling (https://x.com/tedpillows/status/1983276376930312609?s=12&t=E9EIlRX-vHxbQ8g23lQU3A)

• Cory 🦢 Bitcoin @ (https://x.com/coryklippsten/status/1985827584073220374)Swan.com (http://Swan.com) on X: Was too leveraged, at nearly 50%. In the initial raise, there was supposed to be significantly more in the PIPE, but at close it was $195M of equity, $189M of debt. Much more flexibility at lower leverage, eg for buybacks." (https://x.com/coryklippsten/status/1985827584073220374)

• Could the AI bubble pop? - YouTube (https://www.youtube.com/watch?v=T-26Zv7pVW8)

• BIP-444 Explained: The Bitcoin Soft Fork Proposal Dividing Developers and the Community (https://finance.yahoo.com/news/bip-444-explained-bitcoin-soft-090206116.html)

• Reduced Data Temporary Softfork by dathonohm · Pull Request #2017 · bitcoin/bips (https://github.com/bitcoin/bips/pull/2017)

• The BIP 444 proposal is incredibly bad (https://x.com/BitMEXResearch/status/1982544076672250078)

• Luke Dashjr on X: if someone mines CSAM, BIP 444 will activate to reject that block. The only way technically to then reject BIP 444 is to add a checkpoint pinning the CSAM in the chain" (https://x.com/lukedashjr/status/1983294294388838477)

• My Video on BIP-444: Ok, WTF Is going on with BIP-444? I (https://primal.net/e/nevent1qqsq7qq4rrsknjs6r2qlwnc0qn8c04p9p7zchhfd45q2kd7q9dmkr8ghc8gzd)

Music

• Kick It - By: Caroline Hale (https://podcastindex.org/podcast/7294943)