Podcast
Presidio Bitcoin Jam
Hosted by With David King, Max Webster, and Steve Lee · EN
PBJ is a weekly live show recorded at Presidio Bitcoin where 3 friends gather to make sense of bitcoin’s latest topics, from distilling technical concepts to discussing new ways to use bitcoin to determining its impact on the financial system. Join David King, Steve Lee, and Max Webster, longtime bitcoiners with deep roots in Silicon Valley, as they swap knowledge, challenge assumptions, and joust about the big questions of the day, bridging the gap between big tech and bitcoin. presidiobitcoin.substack.com
16episodes
Episodes
Newest firstAll episodes
Announcing PB's Open Source AI Summit, Bitcoin Forks, Running Local AI Recap
5d ago01:34:12Tap to summarize0:00 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 as an AI company post-Cursor buy. Launch is still unique. 47:12 Elon says regulation is the hurdle to getting more solar on Earth, which is why he's going to space 50:56 Bitcoin Forks, working on Bitcoin Core, and how updates happen 1:06:22 What is the timeline for these activities? 1:12:20 Touching on Drive Chain, Quantum, BIP 110, & BIP 361 1:18:42 What is the Paul Sztorc eCash hard fork? First one in 9 years? 1:23:53 Illinois signed into law a transfer tax for digital asset moves like Bitcoin 1:28:15 US Sovereign Wealth Fund buying, or taking, AI company equity as they did with Intel? SHOW NOTES: https://opensourceaisummit.org/ https://tomtunguz.com/
Transcribe →Anthropic's Fable Drama, Personhood for AI, Bark Launches on Mainnet
2w ago01:36:58Tap to summarize0:00 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 going on? 1:00:25 What is the best approach for AI deployment? 1:07:34 We're most excited about really good open models & layers coming to the market 1:09:52 Bark launches on mainnet as a bitcoin layer 2, and comparing it to Lightning 1:21:44 Will interoperable decentralized money matter more to agents than humans? 1:26:55 Feedback from last show, Surge uses USDC on Base, and what is the Ethereum vs. Base value proposition? SHOW NOTES: Max's Article on Nostr Identity https://www.hivemind.vc/identity
Transcribe →USDC on Cash App, Wand Launch, Surge, and the Zcash Crash
3w ago01:29:46Tap to summarize00:00 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 The IPO wave and the AI bubble debate 1:06:00 The Zcash crash: Opus uncovers an inflation bug 1:07:55 Privacy vs. auditable supply, and why this can't happen to bitcoin 1:11:19 Turnstiles & Orchard: can Zcash actually recover? 1:14:22 AI vs. software security & Spiral's Project Loupe 1:23:40 Cloudflare: AI agents overtake humans in web requests 1:27:32 Wrap-up & teasers (Spiral's AI work, NVIDIA, Sprout)
Transcribe →MSTR/STRC Outlook, Bitcoin's Security Budget & AI, Evaluating the Nation-State Threat
May 2201:30:02Tap to summarize0:00 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
Transcribe →Bitcoin Core v31 Release, Project Loupe Launches, Lightning Network's Future
May 1501:35:34Tap to summarize0:00 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. 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://bnoc.xyz/
Transcribe →Saylor to sell bitcoin, Block earnings beat, Anthropic partners with xAI
May 801:48:14Tap to summarize0:00 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
Transcribe →Frontier Models Eating All, SF's AI Dominance, Bitcoin Vegas Announcements
May 101:36:57Tap to summarize0:00 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://surge.build/ https://hack-nation.ai/ - SUBSCRIBE: https://www.youtube.com/@PresidioBitcoin
Transcribe →Presidio Bitcoin's Quantum Readiness Report, Iran Wants Bitcoin, Can Mythos Break Bitcoin?
Apr 1401:40:51Tap to summarize0:00 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 of model lock-in 55:54 The future of scarcity, defensibility, and startups as AI power concentrates 1:06:46 Presidio Bitcoin’s Quantum Readiness Report overview & what makes it special 1:15:48 Quantum response scenarios: orderly & emergency migration + break-glass planning 1:25:49 New quantum developments: Google AI, Lalu's recovery proof, QSB, and other interim mitigations 1:34:40 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 Report v1.0 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/ Strait of Hormuz bitcoin toll: 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/ Lalu's Seed Phrase ZKP: https://groups.google.com/g/bitcoindev/c/Q06piCEJhkI?pli=1 Quantum Safe Bitcoin (QSB): https://github.com/avihu28/Quantum-Safe-Bitcoin-Transactions/ - SUBSCRIBE: https://www.youtube.com/@PresidioBitcoin
Transcribe →Google's Quantum Warning Overblown?, OpenAI Acquires TBPN, Jack Dorsey Makes Block Mini-AGI
Apr 301:33:47Tap to summarize0:00 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 constraints, and Lightning’s retail payment challenge 52:31 OpenAI’s TBPN acquisition and the strategic value of media distribution 59:50 Open-source AI & Google's Gemma 4 release 1:03:14 Block’s new mesh-llm and peer-to-peer compute 1:07:21 Open agent marketplaces, business models, and demand formation 1:22:40 Block’s corporate structure shift from "hierarchy to intelligence" and the “mini-agi” vision 1:32:55 Scheduling notes - no pod next Friday! Next pod Tuesday, April 14 - SHOW NOTES: Block's bitcoin faucet: https://btc.day/ Google's quantum paper: https://research.google/blog/safeguarding-cryptocurrency-by-disclosing-quantum-vulnerabilities-responsibly/ Oratomic quantum paper: https://arxiv.org/html/2603.28627v1 SHRIMPS: https://delvingbitcoin.org/t/shrimps-2-5-kb-post-quantum-signatures-across-multiple-stateful-devices/2355 Mesh-llm: https://www.anarchai.org/ Block's corporate structure shift: https://block.xyz/inside/from-hierarchy-to-intelligence - SUBSCRIBE: https://www.youtube.com/@PresidioBitcoin
Transcribe →Coinbase Mortgages, Privacy for AI and Payments, Lexe Launches
Mar 2701:31:11Tap to summarize0:00 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 01:04:50 Stripe, open-source AI, and shifting infrastructure questions 01:12:52 Spiral’s AI criteria (low-level tools, protocols, and defensibility) 01:16:08 Peer-to-peer training networks and verifiable model provenance 01:20:13 Naming systems for agents and online resources - SHOW NOTES: Coinbase Mortgages: https://www.coinbase.com/blog/coinbase-powers-the-first-crypto-backed-conforming-mortgages-by-better Lexe Launch: https://blog.lexe.app/public-launch/ - SUBSCRIBE: https://www.youtube.com/@PresidioBitcoin
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