MSTR/STRC Outlook, Bitcoin's Security Budget & AI, Evaluating the Nation-State Threat

MSTR/STRC Outlook, Bitcoin's Security Budget & AI, Evaluating the Nation-State Threat

0:00 Getting off Twitter, losing passwords, and staying up to date with Stackernews 4:30 Why we find the Strategy conversation interesting, and we will still cover basketball 7:11 Can MSTR blow up? Unpacking the claim that Saylor is a new SBF 13:34 What are the outcomes and probabilities of Bitcoin and MSTR's future 21:00 How much does bitcoin need to grow to support MSTR's credit products? 25:00 Is the biggest risk Coinbase and its custodians or esoteric DeFi demand? 32:15 What's the investment thesis of holding MSTR vs STRC? 41:40 Finding new products from the synthesis of old concepts 45:41 Using Proof of Work for hot tubs creates a security issue? 55:55 Bigger picture and putting into context the security budget for bitcoin 1:05:27 Is this a design flaw of bitcoin? 1:11:40 Underlying issue is we don't know what the annual security budget should be. 1:21:00 What are the attack vectors to Bitcoin from a non-economic actor, like a nation-state? SHOW NOTES: Transaction Fee Paper (Budish, 2024) https://socialsciences.uchicago.edu/sites/default/files/2024-09/Economic%20Limits%20Crypto%20Blockchains%20-%20QJE%20Sept%202024.pdf [https://socialsciences.uchicago.edu/sites/default/files/2024-09/Economic%20Limits%20Crypto%20Blockchains%20-%20QJE%20Sept%202024.pdf]

Bitcoin Core v31 Release, Project Loupe Launches, Lightning Network's Future

0:00 Streaming in any language you want via https://babelagent.xyz/ [https://babelagent.xyz/] 10:09 It used to be that if you left your job to study bitcoin. Now it's study vibecoding. 11:50 PBJ Podcast worth a MILLION dollars? 16:44 Okay, let's talk about bitcoin 17:24 Unpacking Bitcoin Core v31 21:12 Steve's top three highlights from Core v31. Feature 1: Embedded ASMAP 30:14 DK's security concerns and Anthropic Mythos model 31:16 Getting to Max's questions and other initiatives around node security 39:27 Feature 2: private transactions 47:47 Feature 3: cluster mempool & discussing block rewards vs fee. 58:22 Okay, what is cluster mempool, how it works, and why this could matter 1:01:56 Closing out the Bitcoin Core conversation and why it's important 1:03:22 Project Loupe, AI security scanning, to discover vulnerabilities in projects 1:13:26 This is important as bitcoin is the biggest honeypot for AI to hack 1:20:31 Another big release! Updates to LDK Server to ease building and operating an LSP 1:29:45 Steve's hot takes on the Lightning Network SNOW NOTES https://babelagent.xyz/ [https://babelagent.xyz/] https://bnoc.xyz/ [https://bnoc.xyz/]

Saylor to sell bitcoin, Block earnings beat, Anthropic partners with xAI

0:00 DK gets his band back together, Max shares old hip-hop remixes on Nostr, making music with AI 4:45 The experience of paying with bitcoin on CashApp has changed hearts and minds 12:41 Steve's old tipping idea resurfaces and passes something called the "toothbrush test" 16:30 Selling bitcoin? Saylor is exploring. What's the path for treasury companies? 25:02 Is STRC issuance tapped out? 35:32 What questions remain for STRC's future? 44:50 Are Central Banks a source of permanent demand, or is MSTR the next Terra Luna? 50:04 Okay, back to never selling bitcoin? 52:06 Hydration, electrolytes, staying healthy 55:46 Taking back control from DNS and owning your naming rights 1:06:48 The principles to unlock a solution for a single namespace & how bitcoin can help. 1:13:51 Unpacking DK's potential solution! 1:31:15 Block earnings were huge this quarter. Their transformation is bearing fruit. 1:39:45 Anthropic partners with xAI. Are the claims that Anthropic will be more valuable than Google in 18 months credible? - SUBSCRIBE: https://www.youtube.com/@PresidioBitcoin [https://www.youtube.com/@PresidioBitcoin]

Frontier Models Eating All, SF's AI Dominance, Bitcoin Vegas Announcements

0:00 May Day, hitting the road for College Basketball, and WE'RE BACK on schedule 2:20 Let's start with Vegas and Block's new Bitkey. Can it help against wrench attacks? 13:44 Tap to pay & NFC payments on Square to trigger a CashApp bitcoin transaction 16:14 CashApp now offering 5% bitcoin back and enabling P2P Payments over bitcoin 18:16 River pioneered proof-of-reserves and liabilities; Block just followed suit 26:40 A new product from a traditional SF fintech, Aven, launched bitcoin-backed liquidity and cards. Similar to Surge, who's building at PB using a signer network and MPC. 29:50 Revisiting strategies and approaches to Bitcoin-based loans and liquidity 38:02 Strike being explored by Tether & XXI? What's the strategy here? 46:01 Saylor explaining STRC Stretch at Vegas. Steve's reveal next week! 47:53 Latest Hackathon at PB last weekend with Hack Nation AI. Over 5,000 applicants! 1:04:04 DK's favorite ₿uilder Event last week! Mesh LLM and Goose Perception 1:13:03 The age of caring about machine specs and capabilities is BACK! 1:14:59 Takeaways from AI conversations in SF: everyone switching to Open Source for economics & privacy 1:20:13 Frontier models taking over the world, being shut down by governments, or leaving for open source? 1:26:05 Max puts Steve on the spot: X Money using CashTags? 1:29:02 SF is so BACK! - SHOW NOTES: https://bitkey.world/ [https://bitkey.world/] https://surge.build/ [https://surge.build/] https://hack-nation.ai/ [https://hack-nation.ai/] - SUBSCRIBE: https://www.youtube.com/@PresidioBitcoin [https://www.youtube.com/@PresidioBitcoin]

Presidio Bitcoin's Quantum Readiness Report, Iran Wants Bitcoin, Can Mythos Break Bitcoin?

0:00 [https://www.youtube.com/live/7He8tdQ6gnk] Schedule changes and personal updates 1:50 [https://www.youtube.com/live/7He8tdQ6gnk?t=110s] Hack-Nation AI Global Hackathon @ PB and Spiral’s bitcoin payments challenge 5:40 [https://www.youtube.com/live/7He8tdQ6gnk?t=340s] Lowering the barrier & reducing friction for builders new to bitcoin 8:55 [https://www.youtube.com/live/7He8tdQ6gnk?t=535s] Student outreach and Presidio Bitcoin as a bridge into bitcoin 11:25 [https://www.youtube.com/live/7He8tdQ6gnk?t=685s] Iran, Strait of Hormuz tolls, and bitcoin’s geopolitical use case 17:46 [https://www.youtube.com/live/7He8tdQ6gnk?t=1066s] Settlement, unit of account, and bitcoin between adversaries 24:35 [https://www.youtube.com/live/7He8tdQ6gnk?t=1475s] Bitcoin as neutral protocol and the analogy to internet rails 26:45 [https://www.youtube.com/live/7He8tdQ6gnk?t=1605s] Anthropic and whether the sovereign individual thesis survives AI concentration/centralization 38:55 [https://www.youtube.com/live/7He8tdQ6gnk?t=2335s] Corporate dependence on frontier models and the risk of model lock-in 55:54 [https://www.youtube.com/live/7He8tdQ6gnk?t=3354s] The future of scarcity, defensibility, and startups as AI power concentrates 1:06:46 [https://www.youtube.com/live/7He8tdQ6gnk?t=4006s] Presidio Bitcoin’s Quantum Readiness Report overview & what makes it special 1:15:48 [https://www.youtube.com/live/7He8tdQ6gnk?t=4548s] Quantum response scenarios: orderly & emergency migration + break-glass planning 1:25:49 [https://www.youtube.com/live/7He8tdQ6gnk?t=5149s] New quantum developments: Google AI, Lalu's recovery proof, QSB, and other interim mitigations 1:34:40 [https://www.youtube.com/live/7He8tdQ6gnk?t=5680s] BIP-360, Taproot, and possible upgrade paths under accelerated quantum timelines - SHOW NOTES: Presidio Bitcoin's Quantum Readiness Report: https://github.com/presidiobtc/bitcoin-quantum/tree/main [https://github.com/presidiobtc/bitcoin-quantum/tree/main] Report v1.0 PDF: https://github.com/presidiobtc/bitcoin-quantum/blob/main/presidio-bitcoin-quantum-readiness-v1-apr-2026.pdf [https://github.com/presidiobtc/bitcoin-quantum/blob/main/presidio-bitcoin-quantum-readiness-v1-apr-2026.pdf] Hack-Nation Global AI Hackathon: https://hack-nation.ai/ [https://hack-nation.ai/] Strait of Hormuz bitcoin toll: https://bitcoinmagazine.com/politics/why-iran-wants-bitcoin-for-safe-passage-though-the-strait-of-hormuz [https://bitcoinmagazine.com/politics/why-iran-wants-bitcoin-for-safe-passage-though-the-strait-of-hormuz] Google Quantum AI Paper: https://quantumfrontiers.com/2026/04/09/unleashing-the-advantage-of-quantum-ai/ [https://quantumfrontiers.com/2026/04/09/unleashing-the-advantage-of-quantum-ai/] Lalu's Seed Phrase ZKP: https://groups.google.com/g/bitcoindev/c/Q06piCEJhkI?pli=1 [https://groups.google.com/g/bitcoindev/c/Q06piCEJhkI?pli=1] Quantum Safe Bitcoin (QSB): https://github.com/avihu28/Quantum-Safe-Bitcoin-Transactions/ [https://github.com/avihu28/Quantum-Safe-Bitcoin-Transactions/] - SUBSCRIBE: https://www.youtube.com/@PresidioBitcoin [https://www.youtube.com/@PresidioBitcoin]