Bitcoin podcaster. Investor & Advisor @ORANJEBTC, @bringinxyz UAE Media Licence Permit: 8630300
Dubai, UAE
Joined December 2010
- Tweets86.1K
- Following2.7K
- Followers194K
- Likes257K
Pinned Tweet
AI Is Melting Traditional Wealth. Bitcoin Is the Moat | Joe Burnett SLP788
@IIICapital of @Strive argues that AI is destroying traditional moats, and that bitcoin is the one remaining place to store wealth.
Timestamps
00:00 — Intro
00:29 — Back to Bitcoin's Fundamentals
03:48 — What "Your Wealth Is Melting" Means
07:09 — Up in Dollars, Still Getting Poorer?
09:47 — Does AI Make Bitcoin Less Necessary?
12:55 — After Abundance, What's Left to Save In?
15:44 — Psychic Profit and the AI Trade
17:27 — Why AI Margins Get Competed Away
22:04 — Bitcoin as a Productivity Index
24:42 — Why the Power Law Might Break
30:07 — Gold Parity and a Faster Repricing?
31:55 — Does Bitcoin Need Money Printing?
36:12 — Are Treasury Cos Cannibalizing Demand?
38:53 — The MNAV Premium Objection
40:45 — SATA, SATS and Digital Credit
44:59 — Digital Credit in a Bear Market
47:30 — When Bitcoin Doesn't Stick
52:49 — Get Back to the Fundamentals
Stephan Livera retweeted
I used this recently in Nashville. I saw a ₿ logo on the payment screen, pressed it, and immediately got a lightning QR code. Which I paid, and a few seconds later the transaction was done.
The cashier had no idea I was paying with Bitcoin.
Bitcoin is now on by default at Square checkouts across the U.S.
Sellers don't have to apply. Square switched it on for every eligible business, whether the owner has ever thought about bitcoin or not.
The customer scans a QR code with any Lightning wallet and the payment settles in seconds. The seller gets dollars by default or can choose to keep the bitcoin, and there are no chargebacks. Sellers can also auto-convert up to 50% of their daily card sales into bitcoin.
The limits: $600 max per payment, $20,000 a day, and sellers in New York are left out.
The fee is 0% through Dec. 31, then a flat 1%. A card tap on Square's free plan costs the merchant 2.6% plus 15 cents.
Stephan Livera retweeted
This week's podcast episode is my full @DohaDebates on the nature of money with two MMT economists, @jasonhickel and @ptcherneva. This was a good one you don't want to miss!
Stephan Livera retweeted
AI is draining the moat around almost every asset.
Enjoyed sitting down with @stephanlivera to discuss why Bitcoin is the exception, why the power law might break, and how Digital Credit held up in a bear market.
AI Is Melting Traditional Wealth. Bitcoin Is the Moat | Joe Burnett SLP788
@IIICapital of @Strive argues that AI is destroying traditional moats, and that bitcoin is the one remaining place to store wealth.
Timestamps
00:00 — Intro
00:29 — Back to Bitcoin's Fundamentals
03:48 — What "Your Wealth Is Melting" Means
07:09 — Up in Dollars, Still Getting Poorer?
09:47 — Does AI Make Bitcoin Less Necessary?
12:55 — After Abundance, What's Left to Save In?
15:44 — Psychic Profit and the AI Trade
17:27 — Why AI Margins Get Competed Away
22:04 — Bitcoin as a Productivity Index
24:42 — Why the Power Law Might Break
30:07 — Gold Parity and a Faster Repricing?
31:55 — Does Bitcoin Need Money Printing?
36:12 — Are Treasury Cos Cannibalizing Demand?
38:53 — The MNAV Premium Objection
40:45 — SATA, SATS and Digital Credit
44:59 — Digital Credit in a Bear Market
47:30 — When Bitcoin Doesn't Stick
52:49 — Get Back to the Fundamentals
It feels so early for agents, and yet they're already making up such a large proportion of traffic.
Agents now make up the majority of web traffic, write more than half of new articles published online, and generate most of the code pushed to production.
This is what the early stage of a platform shift looks like: adoption is measurable, but the business models it enables mostly aren’t visible yet.
Welcome to the agent economy.
a16z.news/p/welcome-to-the-b…
Stephan Livera retweeted
Meanwhile DeepSeek founder Liang Wenfeng:
• “AI is large enough that it might eventually account for 10% of human GDP. You cannot monopolize such a thing. You must share it with others, or you won’t survive. If we tried to monopolize the benefits, we would be discarded by history. This is an objective law, a historical perspective.”
• “Those who take more get beaten by those who take less. You don’t even need to actually be taking more. If your ambition is to take more, you will be beaten by someone whose ambition is to take less.”
• “If your vision is to take more, you’ve already lost; you may face even greater difficulties. That’s just the way the world is.”
• “We must not imagine that we can claim a certain percentage of the world’s GDP for ourselves — the more you cling to that idea, the less likely you are to succeed. … The more restrained you are, the more likely you are to achieve AGI.”
Interesting remarks Anthropic made in a meeting with the sell side:
- Anthropic has the stability and the better talent that open source lacks.
- The AI market is winner take all. As long as we execute properly, we will take all of it.
- The contract with SpaceX will not be extended beyond the middle of next year.
- Developing Opus 5.5 cost more than $10 billion.
Readers added context they thought people might want to know
The remarks are unverified second-hand notes from a Barclays analyst call on Anthropic meetings, not official statements. Poster corrected $10B cost to full Claude 5.5 family; filings show SpaceX deals extend to 2029 but terminable after early 2027 on 90 days notice.
x.com/jukan05/status…
fourweekmba.com/ai-anthropics-…
sec.gov/Archives/edgar…
Stephan Livera retweeted
Stratum V2 even has advantages for private pools like MARA. Among other things, by allowing block templates to be created physically closer to hash power, reducing latency.
Bandwidth reduction is useful too: lots of hash power is near stranded energy sources with slow internet.
Proud to share that @MARA has mined its first Stratum V2 block 💪💪
SV2 improves mining efficiency, reduces bandwidth usage, and strengthens security through encrypted, authenticated connections. It also enables miners to select their own transactions rather than relying on pools, strengthening Bitcoin’s decentralization and censorship resistance.
This was a major lift for the @MARA mining operations team. Congratulations to everyone involved with this milestone and for leading the way in a major industry transition!
Additional thanks to @spiral_xyz @pavlenex and everyone involved in the Stratum V2 Working Group for their support 🙏
Gold fell five calendar years in a row, 1988 to 1992. Anyone who bought the 1980 top waited 28 years just to break even.
Peter, should gold investors have ignored that at their peril too?
Stephan Livera retweeted
Proud to share that @MARA has mined its first Stratum V2 block 💪💪
SV2 improves mining efficiency, reduces bandwidth usage, and strengthens security through encrypted, authenticated connections. It also enables miners to select their own transactions rather than relying on pools, strengthening Bitcoin’s decentralization and censorship resistance.
This was a major lift for the @MARA mining operations team. Congratulations to everyone involved with this milestone and for leading the way in a major industry transition!
Additional thanks to @spiral_xyz @pavlenex and everyone involved in the Stratum V2 Working Group for their support 🙏
Stephan Livera retweeted
BSC view of quantum computing risk to Bitcoin:
- Recent quantum computing progress is real, but only incrementally.
- Bitcoin’s exposure to quantum computing is limited to its signature scheme.
- Solutions have been identified and are actively being worked on.
Stephan Livera retweeted
Igor (@overtorment) BlueWallet CTO (@bluewalletio) presents:
Blueberry: neutrino-based mobile wallet focused on privacy 🫐
It uses “Compact Block Filters”! Don’t get spied on by any node or electrum server.
Igor created BlueWallet in 2017
@TBB_JP @btcinsider__
Stephan Livera retweeted
Turns out this was an op spearheaded by the pro-China "Party for Socialism and Liberation," using Instagram Reels to convince residents the investment would harm the black community.
Bleak stuff.
Stephan Livera retweeted
“Bitcoin is the only product that is truly decentralised and truly unstoppable.”
@paoloardoino in conversation with @stephanlivera.
Stephan Livera retweeted
In AI assisted attacks era, it’s a no brainer to use security properties of the @StratumV2.
Stephan Livera retweeted
The recent Coldcard RNG disaster and Ledger hardware wallet implant incidents highlight some fundamental problems with how we approach Bitcoin self-custody.
I believe we need to rethink wallet architecture.
Multisig, independent implementations and verifiable entropy generation as follows should be the foundation of serious Bitcoin self-custody.
1. RNGs generate entropy. Their job is to generate cryptographically secure randomness from which seeds are derived. This process should be independently verifiable.
2. Signers sign transactions. Their job is to securely store private keys, verify transaction details and produce signatures. Nothing more than necessary.
3. Separate responsibilities. Entropy generation, key storage and transaction signing should not depend on one unquestionable black box.
4. Use multisig. No single device, manufacturer or compromised RNG should be able to compromise the entire wallet. A 2-of-3 setup with independent implementations provides additional protection.
5. Make security accessible. Users should not have to roll dice, perform complicated entropy ceremonies or become cryptographers to secure their Bitcoin.
My preferred architecture is a 2-of-3 multisig with three independently generated seeds, three independent signing devices and a properly backed-up wallet descriptor.
Stephan Livera retweeted
Spoke to a young founder on the phone
He's looking to raise an ambitious €70k Series A
Woah, that's a lot of money
I asked to see his pitch deck
"I'll fax it to you!" He told me
Stop right there, I said.
I will NOT participate in killing the environment and wasting dozens of pieces of paper for this.
Find a way to pitch me in a more eco-friendly way, I told him
"Fine, I can email it."
Nope.
Transmitting a large file over email still burns massive amounts of electricity, which could very well be powered by dirty coal if his email gets routed through a North American data center
Finally, he did the sensible thing: He rode his bike to the nearest train station, took the train 300 kilometers to my city, rode his bike to my office, and recited the details of his pitch deck as we planted a tree in my garden to offset the carbon dioxide emitted by his heavy breathing as he nervously pitched
I decided to pass on investing in the end, but it was a great learning experience all around