PBJ

0:00 - What's behind bitcoin's rally?

8:33 - Open Source AI Summit and questions for David Sacks

18:00 - Berd and Block’s growing stack of open-source AI agents

22:30 - Alby's TaskFuel simplifying payments for agents

30:14 - The missing credential layer for agents

36:46 - Making sense of Stripe’s OpenRouter acquisition

48:02 - What's OpenRouter’s moat?

52:50 - Apple, OpenAI and the battle for user intent

57:46 - Making the internet infinitely programmable

1:07:47 - BlackRock's new case for bitcoin

1:21:03 - What causes bitcoin’s four-yea...

0:00 - Last week’s breakout episode

1:36 - Bitcoin, AI and energy are starting to converge

12:06 - Announcing the Type II Summit

15:05 - Panthalassa and offshore compute

17:30 - Introducing the PB Media Archive (pbarchive.ai)

22:15 - Reexamining podcast accountability and ad incentives post-COLDCARD

34:55 - The BTCPay Server exploit (happening in real time)

36:11 - No software project should assume it’s safe

41:20 - Why closed source won’t protect software from AI (OpenAI–Hugging Face incident)

53:40 - Project Loupe’s approach to AI security s...

0:00 - The COLDCARD hack: bitcoin’s worst security incident ever?

4:30 - What happened and how thefts were identified

7:04 - The random-number failure behind the hack

13:24 - The right way to generate wallet entropy (i.e., dice rolls)

20:45 - Who is affected and what users should do

31:43 - Custody options and why diversification matters

37:37 - The source-license change behind the COLDCARD bug

40:33 - How AI changes open-source security audits

52:30 - How the community can limit further theft

59:56 - Why patches cannot fix ke...

0:00 - Opening banter, Nostr momentum & voice-first computing

7:21 - Presidio Bitcoin’s visiting member program

10:30 - Bitcoin Security Consortium: quantum preparedness, tradeoffs & independent funding

26:07 - Buzz launches to strong early adoption

35:53 - Buzz’s Nostr architecture and user-owned identity

48:28 - Can Anthropic or OpenAI copy Buzz?

53:24 - Buzz onboarding, local agents & security tradeoffs

1:03:37 - Learning through shared agents and 15-minute hackathons

1:07:54 - Mesh LLM and bitcoin-powered agent onboarding

1:18:52 - Wavelength and the growing Ark ecosystem

1:27:08 - Foundry’s BIP 110 vote and St...

0:00 Making music with AI and the limits of today’s models

3:21 - Latent spaces & the future of creativity

8:04 - Will AI surpass human curiosity?

12:54 - Using AI to rediscover the ancient past

18:23 - How AI is transforming real-world treasure hunting

33:09 - Using Buzz and agents to solve unsolved mysteries

42:32 - Project Loupe’s early success and who should it scan next?

48:07 - Which projects deserve Loupe's audits?

1:08:20 - What Stripe could gain by acquiring PayPal

1:09:56 - Bitcoin’s worsening performance against gold...

0:00 - World Cup fallout and opening banter

5:23 - Goose Development Kit (GDK) week at Presidio Bitcoin

9:29 - Why Spiral is expanding into AI & how it helps bitcoin

19:01 - GDK’s near-term roadmap and Mesh LLM

25:52 - Combining open and frontier AI models

33:20 - Preventing data leaks between AI models

38:02 - Anthropic's possible window into how AI models think

42:24 - How Goose connects apps, agents, and models

47:36 - Subscription pricing versus open agent ecosystems

54:37 - Can bitcoin support a global naming system? (th...

0:00 Summer camp. Teaching DK what the World Cup is. Steve visits the PBJ Remote studio.

13:52 What is Goose & the alpha of what's to come with open source AI

20:40 The kinds of things Goose Development Kit enables

33:10 Come and meet the Goose team at PB next Wednesday!

39:26 DK's experience using Buzz as a great example of the ACP standard and using Nostr

54:22 Steve's take on how Buzz changes open source software development

1:04:46 Max's Claude pilling moment, and it becoming more paternalistic over time

1:10:05 Compute constraints causing...

0:00 World Cup chatter, DK searching for sports on Google, Good times on Jamchat.Fun

6:05 Recap of the Local AI Builder last night here at Presidio Bitcoin. Tom's local AI setup and how he's using it.

15:05 A watershed moment when Fable received export control from the US government

20:12 Is this like the Satoshi moment for banking in 2008 for AI in 2026?

28:23 Presidio Bitcoin's Open Source AI Summit this September!

36:25 Do you still have a business if everything is built on an AI platform? What's the moat?

40:25 Takes on SpaceX...

0:00 We keep getting requests to talk about basketball. What about the World Cup?

7:40 The future of livestreaming is https://jamchat.fun/

15:30 Unveiling Buzz, an open source project, for AI native communications built on Nostr

25:26 Bitcoin is open source money, Nostr is open source identity

31:13 To summarize, Buzz brings together agents to collaborate; multiplayer & multiagent workflows

36:11 Extending Buzz functionality with a Lexe wallet integration for bitcoin payments

40:30 What is the future of the corporate structure with autonomous agents and AI personhood?

53:29 Anthropic's Fable 5 drama, what is...

00:00 Welcome back (we missed a week)

00:56 The Cash App Wand: tap-to-pay NFC device that sold out in 10 hours

09:07 Surge: a self-custody, no-KYC bitcoin-backed credit line

16:07 The Taproot design and how Surge uses it

21:28 How Surge tackles the oracle & liquidation problem

28:08 Base/Ethereum dependence, MPC & the signer network (Surge's lender side)

37:34 Borrowing against your bitcoin to buy AI stocks instead of selling

38:41 Cash App's USDC integration

51:14 Living design docs, AI-native shows & project constitutions

54:24 Is AI sucking liquidity out of bitcoin?

1:00:00...

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...

0:00 Streaming in any language you want via 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.

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?<...

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.

0:00 Schedule changes and personal updates

1:50 Hack-Nation AI Global Hackathon @ PB and Spiral’s bitcoin payments challenge

5:40 Lowering the barrier & reducing friction for builders new to bitcoin

8:55 Student outreach and Presidio Bitcoin as a bridge into bitcoin

11:25 Iran, Strait of Hormuz tolls, and bitcoin’s geopolitical use case

17:46 Settlement, unit of account, and bitcoin between adversaries

24:35 Bitcoin as neutral protocol and the analogy to internet rails

26:45 Anthropic and whether the sovereign individual thesis survives AI concentration/centralization

38:55 Corporate dependence on frontier models and the risk...

0:00 Opening banter and agenda setting

2:00 Google and Oratomic quantum papers & the “n minus one” framing

6:44 Quantum uncertainty: AI acceleration & s-curves

10:06 Preparedness planning and scenario-based bitcoin responses

11:52 Why government and corporate quantum timelines are misleading

15:12 Post-quantum signature tradeoffs: SHRINCS, SHRIMPS, and state

23:35 Why quantum is a harder problem for bitcoin than other technologies and orgs

30:57 Competing quantum narratives, incentives, and media hype

34:24 The new bitcoin faucet & Block’s teaser campaign

36:30 Square’s default bitcoin payments rollout and adoption friction

43:00 Tipping, UX const...

0:00 Opening banter, Iowa State, and March Madness stakes

07:10 Coinbase’s Bitcoin-backed mortgage model

11:12 Who the Coinbase mortgage product is really for

20:58 Competitive implications for Bitcoin lending and housing finance

27:40 De minimis tax policy and the case for Bitcoin payments

31:27 STRC-backed stablecoins as regional savings products

37:10 Lexe’s launch and trusted-execution Lightning wallets

45:10 SDK design, experimentation, and the search for breakout use cases

52:46 Privacy limits in Base, Spark and stablecoin payments

01:02:20 Hong Kong’s decryption powers and the erosion of financial privacy

...

0:00 March Madness and opening banter

06:30 Square’s latest Bitcoin payments rollout and the remaining merchant adoption hurdles

16:13 Bitcoin branding problems and the challenge of negative first impressions

21:30 Reframing the Bitcoin merchant pitch around Lightning, fee savings, and cleaner UX

26:00 Branding for Presidio Bitcoin, PBJ, and the tension between mission clarity and broader appeal

28:50 "Crypto" stigma in tech circles and potential counter-narratives for Bitcoin

36:31 Privacy coins, stablecoins, and open-source framing as rival narratives

43:10 Student visits, "yuppie-elite" skepticism, and the university awareness gap

49:03 What would ma...

0:00 Opening banter: Elon chocolate, Dipsea registration, and college basketball

9:55 New York PubKey ₿uilder event and Spiral retreat recap

12:35 Presenting agentic commerce and the case for Bitcoin payments

15:50 Agentic payments: open questions, hype vs reality

18:35 Hype vs reality in current agentic payment adoption

21:38 Consumer commerce as the clearest early use case

23:38 Ads, trust, and why LLM commerce may break the Google model

28:45 Yahoo, Google, and the economics of search monetization

34:56 Subscriptions, open models, and the future AI business model mix

45:00 Open-source AI: wh...

0:00 Presidio power outage almost cancels show & FSD catch-up

05:45 State of AI coding tools: Claude, Codex, Gemini, and workflow shifts

14:50 Writing, AI-dependence, and finding the right human-AI creative process

17:25 Career advice for students and why AI fluency is now paramount

21:54 PB as a hub for AI hackathon and bridging Bitcoin into broader builder culture

28:48 "Internet of earners" & Bitcoin-native microtask markets

33:17 Bootstrapping agent economies, hackathon design, and Bitcoin onboarding

37:45 Lightning infrastructure, open standards, and the case for broader access

41:07 Autonomous Lightning nodes and permissionless Bitcoin...

0:00 The Presidio Bitcoin Index

04:35 Haley’s raffle tool and the promise of vibe coding

09:00 OpenClaw Builder meetup attracting a huge non-Bitcoin audience

11:40 Jesse Posner’s presentation and the expanding AI vision behind Vora

16:17 Demand for personal agent hardware and secure local AI systems

22:20 Authentication, custody, and the unresolved security model for personal agents

26:41 Builder meetup takeaways & Bitcoin as background/hidden infrastructure

29:00 River’s adoption report, miner migration, and hash rate resilience amid AI demand

33:45 Lightning scaling tensions

43:00 Lightning usage metrics and the ri...

0:00 Studio reset and laying down the law after technical issues

1:25 Mardi Gras whiplash and escaping the SF tech/AI bubble

2:35 Post-AGI life, work, and the “permanent underclass”

7:40 Presidio Bitcoin Index teaser

9:45 What “open source” means in an agent world

12:15 Ideating agent-native GitHub

16:05 OpenClaw ₿uilder meetup (SF) and March ₿uilder NYC at PubKey

19:40 Hackathon takeaways: vibe-coding enabling mass participation, exponential tooling leaps, Replit skepticism

29:40 Agentic payments primer - defining the terms and framing the landscape

39:00 Stablecoin UX reality: chain/pair explosion, gas complexity...

0:00 Sat tardiness fines

2:18 OpenClaw meetup recap

6:00 Why OpenClaw feels different than “just Claude”

8:58 “Is this already AGI?”

13:05 Ori explained: productized OpenClaw bot that joins group chats

15:54 Group chat vibecoding

20:27 Ori's moneydevkit (MDK) integration - frictionless, under the hood lightning payments as a hidden superpower

22:30 Tangible Ori examples: small-group bets, prediction markets, trivia payouts & more

29:05 “Is Ori private?” & the path to local/open-source models and safer enclaves

32:40 Agentic commerce: bots browsing, paying, zapping, hiring humans - internet gdp explosion thesis

48:20 Risks: addic...

0:00 Accountants telling merchants to turn off bitcoin acceptance? Shoutout to Satoshi Pacioli.

6:14 What the guys won at the Presidio Bitcoin Awards Night.

9:42 Block moving to the ₿ symbol, goodbye Sats!

15:07 Robots are making their own agreements that Bitcoin is the best.

20:37 Let's take a step back. What's happening here with Moltbook, Goose, etc?

30:20 The conversations happening on Moltbook. Who's an agent, a human?

35:22 SpaceX merging with xAI? Max's take on the future of Elon Co.

41:25 Autonomous cars and the future of driving. TLDR: Trust the curves.

0:00 DK is back in the studio, Hans Moravec's predictions, Deepmind hiring an AGI economist.

5:41 David Marcus and John Komkov's take on AI using and choosing Bitcoin. Google vs OpenAI.

10:17 BTC underperformance due to rotation into AI?

20:44 The GPU Marketplace to earn bitcoin and the economics of vibecoding.

27:50 Max's first foray into vibecoding with memepay.app.

38:40 How to make bitcoin win? One step, make Nostr work in Replit.

43:37 Why Steve thinks it's valuable to learn how to vibecode as a base for the future.

55:23 If you're...

0:00 Penalizing tardiness and the “pot” idea

2:30 Current vibe coding frustrations & friction

11:50 Flint announced live on PBJ: why now, what it’s for, and who it’s for

20:10 Flint (Firewood) showcase: DK's vibe-coded app The Shed - Strava for piano

27:00 Nostr social graph and open identity as a powerful tool for vibe-coded apps

33:50 Discord vs Nostr: tooling gaps, bounties, zaps as signal

37:20 Another product idea: Version control for vibe-coding & vibe-coding workflow

40:08 More on the Flint vision: member expectations, community synergy & help, prompt-sharing, IP ownership & business creation

47...

0:00 Welcome to 2026! First bitcoin block, college basketball, mental resets & resolutions.

9:33 Strategies for reducing attention on algorithm-based platforms and even tools like Discord. 18:22 We blame Elon for starting the show late!

21:18 Wal-Mart accepts Bitcoin! (sorta)

25:55 Jack Dorsey's visit to Presidio Bitcoin. Exploring Bitcoin & AGI.

36:16 Bitcoin's digital gold SOV narrative vs everyday money and payments.

47:52 How can we accelerate bitcoin payments? Steve's experience using Money Dev Kit.

56:56 Amjad, of Replit, and Paul Graham, of YC, noticing Money Dev Kit for easy payments. 1:00:10 Prediction markets helpful in an economy with...

0:00 Does Max's Snoopy sweatshirt count as holiday flair?

3:00 Building timelocks in Bitcoin using vibe coding.

10:27 Is vibe coding secure enough for Bitcoin? If so, we have a ton of ideas!

19:08 Thoughts on creating a vibe coding community?

30:22 Our last show of 2025: Reviewing how we did with this year's predictions.

37:24 Okay, actually looking at Max's 2025 predictions.

45:53 How did DK and Steve do?

48:27 TLDR, we missed a LOT in 25!

50:21 Exploring the 4-year cycle. DK & Max say we're going higher!

54:38 DK's predictions for 2026.

0:00 Celebrating our 50th episode a week late, Steve's travel to Iowa to watch basketball.

5:57 Generating ideas at PB & ₿uilder. Will Max actually build one using Gemini 3 or just befriend it?

11:50 Bitcoin Merchant Community is up to a couple thousand businesses. Join today!

19:28 Hivetalk Demo at ₿uilder, the numbers were impressive! Exploring other hacks with vibe coding.

24:16 Are the tools and hacks finally ready for a ton of ideas to be built?

29:00 BIP 353 Human Bitcoin Address Overview. What's your Bitcoin address?

40:20 Keeping the core principle of Bitcoin: Security, Cens...

0:00 Changing of the seasons, visiting Japan, Green Tea, College basketball.

8:14 Prediction markets going mainstream. Gambling vs. investing and embracing life at the tails.

13:47 Steve and DK's disagreement with stocks, indexes, and the S&P 500.

17:08 Bitkey private purchasing for safe hardware delivery and avoiding attacks.

25:13 The BOSS challenge.

27:38 Will AI become more powerful and productive than Bitcoin Core contributors?

36:58 Should we be using LLMs to write BIPs or to make Bitcoin more powerful and secure?

43:13 As AI gets so good at hacking, Bitcoin will be the...

0:00 This was (almost) our final show as we approach our one-year anniversary.

3:04 Spiral's wave 2 of merchant adoption

10:50 Organizing the incredible content and how to answer questions on Bitcoin usage

18:34 Takeaways and thoughts on Block's recent Investor Day and reception of Bitcoin

36:18 Quantum scare: why the sell-off happened and what’s the real risk

49:15 Migration mechanics, frozen vs burned coins, and the risk of a contentious fork

1:04:37 Japan carry trade worries, us debt math, and macro crash scenarios

1:13:46 Introducing MDK: faster path to shipping Bitcoin payments

0:00 It's good to be back to our regularly scheduled programming for the biggest week in Bitcoin.

3:16 Onboarding the 4 million Square merchants to Bitcoin.

8:01 Why Bitcoin payments could actually take off this time & integrating with BTC Map.

14:51 Why did Silicon Valley get Bitcoin wrong, and is it changing? A few barriers persist.

22:00 How do we sustain this momentum and continue to raise awareness among non-Bitcoiners? Fees are a huge driver of adoption.

32:20 CashApp users with dollar balances can pay Lightning invoices directly in dollars.

46:10 How these types of...

Live from the Type I Summit at Presidio Bitcoin!

00:00 Type I summit recap: bet the curves

03:35 Rethinking nuclear & fusion optimism

07:17 Terawatt-scale AI demand & the “psychopath” builder

15:25 Ocean power, frontier energy & bitcoin/AI demand

19:39 Mega-project ideas: Bitcoin in space, virtual power, and more

27:27 When bitcoin mining crosses break-even

33:15 Could Bitcoin settle global energy trade?

43:50 Abundance vs limits: ethics, environment & governance

48:20 Deep-tech funding, Dyson sphere dreams & what’s next

Presidio Bitcoin:https://x.com/PresidioBitcoin

Steve Lee:https://x.com...

0:00 Happy Halloween! (Sorry for the audio issue!)

3:02 Fixed the mics! Only two people responded to Satoshi in the first 24 hours!

6:32 Facts from the 2008 Bitcoin White Paper launch. Same date as Martin Luther in 1517. Planned?

9:11 Numerology in the white paper? The beauty in the mystery of Satoshi.

14:30 Steak n Shake announced a strategic Bitcoin reserve in the "Square style" via payments and funding to Bitcoin.

20:24 Paying in Bitcoin in real life at merchants like Pink Owl Coffee and driving merchant adoption.

30:33 Revisiting the creation of a Bitcoin Merchant...

0:00 Welcome to the Presidio Zcash Jam and our similarities to the View.

1:29 Silicon Valley doesn't know you can build on Bitcoin.

4:02 Latest from the ₿uilder Meetup at Presidio Bitcoin.

7:36 Takeaways from Square's merchant product presentation at ₿uilder

14:44 Creating a Bitcoin Merchant Association or Chamber of Commerce?

19:49 30 days of Bitcoin this holiday season as a kickstart to merchant adoption?

25:16 Bitcoin is Square's path to global growth & other merchant adoption initiatives.

34:28 Takeaways from Fold's Head of Design & Guarana Bank presentations at ₿uilder.

41:24 Getting over the assump...

0:00 Hiking, biking, and growing food in the blue skies of SF

4:52 Signal messaging adopting Bitcoin? History, Considerations, & Paths Forward.

14:55 How Signals journey shows the difference between open & closed networks.

22:32 Concerns with various implementation architectures. Mints, KYC, MSB Regulations, etc.

27:21 Unpacking Cashu as an option for Signal.

35:47 Can an AI agent run the mint?

38:13 Resurfacing the Artificial Life conferences from the 90s and adding Bitcoin.

42:28 The new stickers to promote Bitcoin use at Square terminals!

47:30 Checking in on our homework from last week to...

0:00 Orange phones, orange signs.

1:30 Updates from Berlin Conference, experiences around Berlin, experiencing history.

8:19 Steve's presentation on Spark at BTC++

10:35 Differences and interplay between Ark & Spark & Lightning.

14:36 How these technologies can bring more people into Bitcoin and how the tech is advancing.

22:57 TLDR: A compelling solution is being developed, and hats off to the Second.Tech team.

24:56 What is the takeaway on the state of Lightning and adoption?

33:28 Square just enabled Bitcoin on merchant terminals, hopefully normalizing the use of Bitcoin.

43:54 Max's trip to...

CHAPTER HIGHLIGHTS:

0:00 Why we changed the time this week, Open Source & Corporations, wearing suits.

7:40 OP_Return, V30, and what is top of mind for the business-oriented community.

10:00 Unpacking the mechanics of the claim that Bitcoin will die due to illicit content.

20:35 Why make these changes? Revisiting the mining centralization concern and offerings like Slipstream from Mara & Mempool Accelerator.

31:17 Is this whole thing just a distraction or even an attack? The importance of the ease of running a node.

34:04 You can already store images on Bitcoin via inscriptions...

0:00 — Early hype and the payments mistake (2010–2013)

03:35 — Who “gets” bitcoin? Trust vs smarts

09:57 — Better tools & the new builder era

12:51 — The next breakout Bitcoin company: infrastructure to applications

23:09 — AI changes things: timelines, payments, investor incentives & global access

37:11 — How to think about spending and holding dollars?

42:01 — Silicon Valley’s ZIRP psychology

44:56 — The litmus test of Bitcoin understanding

FOLLOW:

Presidio Bitcoin: https://x.com/PresidioBitcoin

Steve Lee: https://x.com/moneyball

Max Webster: https://x.com/MaxAWebster

David King: https://x.com/dksf

In this episode, the crew explores the path to a Type 1 Civilization powered by Bitcoin, AI, and solar — and previews the upcoming Type 1 Summit at Presidio Bitcoin. They break down the Billionaire Flippening thesis, where bitcoin billionaires surpass fiat billionaires and redirect wealth into things like open-source alternatives and philanthropy. Finally, they unpack Apple’s new iPhone security upgrade, Memory Integrity Enforcement (MIE), and how it reflects bitcoin’s ethos of privacy and resilience.

CHAPTER HIGHLIGHTS:

00:00 Welcome

05:40 What Is a Type 1 Civilization?

08:00 Energy, AI, and Bitcoin

12:00 Solar Maximalism & Cost Curves...