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Stephan Livera Podcast

Stephan Livera Podcast

Stephan Livera 769 Episodes Nov 5, 2026

Join Stephan as he interviews the sharpest economic and technical minds in Bitcoin and Austrian Economics to help you understand how money is changing and evolving. Leading names in the world of Bitcoin join the show to share their insights, whether they are developers, CEOs, economists, authors, analysts, and more.

Episodes

Why Heat-Reuse Mining Gets Stronger Every Halving | Alex Busarov SLP787
Why Heat-Reuse Mining Gets Stronger Every Halving | Alex Busarov SLP787 Nov 5, 2026 00:36:22 Alex Busarov, founder of Heatbit, argues that water heating, not space heating, makes home Bitcoin mining add up. His new Bitwater element replaces a water heater’s lower heating element, mines all year, and he says it adds no extra energy cost because the heat is used anyway.Stephan presses him on the two-to-three-year payback claim, the hashrate and price assumptions behind it, a plan to give de
Paolo Ardoino: Stop Tokenizing Apple Shares | SLP786
Paolo Ardoino: Stop Tokenizing Apple Shares | SLP786 Nov 3, 2026 00:39:15 Tokenizing Apple shares is not innovation. Paolo Ardoino of Bitfinex argues the Bitcoin way to securities is opening capital markets for companies that cannot raise like a Manhattan issuer — not wrapping megacap stocks everyone can already trade at a bank.We also cover exchange OPSEC after a large hack, why Lightning wins on physics for agentic payments, zero trading fees, the Liquid incident, and
Morgen Rochard: Holding Bitcoin Is Not a Financial Plan | SLP785
Morgen Rochard: Holding Bitcoin Is Not a Financial Plan | SLP785 Oct 27, 2026 00:39:17 Holding Bitcoin is not a financial plan. That is the starting point of Morgen Rochard's new book, Bitcoin Personal Finance, and of her return to the show. Bitcoin can fix the money, but it does not fix under-saving, spending habits or the money scripts people carry with them. Her book aims to help readers build a plan with Bitcoin as the core balance sheet asset rather than a token allocation.
Debt, Oil, AI and Bitcoin: A Gradual Print Until It Isn't | James Lavish SLP784
Debt, Oil, AI and Bitcoin: A Gradual Print Until It Isn't | James Lavish SLP784 Oct 26, 2026 00:46:15 James Lavish explains why he expects a gradual print to turn into a big one, what weak Treasury auctions signal, and what he got wrong about Bitcoin this cycle.Timestamps00:00 — Intro00:48 — Markets: Warsh, Oil and a Narrow Rally04:22 — How Much Debt Will AI Need?08:41 — Outgrowing the Debt: A Polite Fiction10:50 — Brent at $108, 10-Year at 5.13%13:44 — Weak Auctions and Who Buys Treasuries15:54 —
Plan Your Second Passport Before You Need It | Alex Recouso SLP783
Plan Your Second Passport Before You Need It | Alex Recouso SLP783 Oct 21, 2026 00:52:22 Official Podcast Episode: https://stephanlivera.com/783Alex Recouso argues that Bitcoin solved capital mobility but not human mobility: you can move money across borders without permission, yet you still need permission to move yourself. His answer is that everyone should think about a second passport before they need one, because, as he puts it, you can't buy insurance once the house is on fi
Debanking and Bitcoin Business Accounts in the EU | Prashanth Chandrashekar SLP782
Debanking and Bitcoin Business Accounts in the EU | Prashanth Chandrashekar SLP782 Oct 19, 2026 00:37:39 Prashanth Chandrashekar argues that much of Europe's debanking comes down to how banks score transfers. Money arriving from a crypto exchange's account is treated as a higher-risk third-party payment, while a transfer between two accounts in your own name passes with far fewer flags. Bringin's answer is a named virtual IBAN for each customer, which he says lowers the risk of being deba
Seed Phrases vs Key Sharding: Multisig's UX Trade-offs | Setzeus SLP781
Seed Phrases vs Key Sharding: Multisig's UX Trade-offs | Setzeus SLP781 Oct 8, 2026 00:43:19 Setzeus argues that 90% of people will never properly use seed phrases and hardware wallets, and that services like Privy and Turnkey, which split a key behind an email or phone login, are a good-enough floor for self-custody. Stephan pushes back on what that gives up: verifiability, portability across devices, and a degree of vendor lock-in.Setzeus (Jesus Najera) runs SetDev, a Bitcoin L2 and met
Smarter Web's Capital Structure and MORE Preferred | Andrew Webley SLP780
Smarter Web's Capital Structure and MORE Preferred | Andrew Webley SLP780 Oct 5, 2026 00:44:39 Andrew Webley walks through Smarter Web's capital structure—ordinary shares as growth equity, a repaid short convert, Coinbase credit, and MORE as the income preferred.Webley is CEO of The Smarter Web Company (LSE: SWC), the UK's largest publicly traded Bitcoin treasury. He traces the path from Hargreaves Lansdown to listing on Aquis, then the LSE Main Market, while building toward roughly
Lightning in x402 and Agent Payments | Ben Carman SLP779
Lightning in x402 and Agent Payments | Ben Carman SLP779 Oct 3, 2026 00:45:28 Bitcoiners built L402 for a Lightning-native web. Crypto built x402 for agents — and early volume is mostly stables. Ben Carman helped get Lightning into the x402 standard, and argues the pragmatic move is to meet that stack in the middle rather than wait for L402 alone.Ben Carman of Spiral rejoin me to unpack HTTP 402 Payment Required, facilitators versus Coinbase Commerce, why agentic payments a
Why Bitkey Ditched Seed Phrases | Clay Garrett SLP778
Why Bitkey Ditched Seed Phrases | Clay Garrett SLP778 Oct 1, 2026 00:59:48 Bitkey ditched seed phrases for a recovery-focused 2-of-3 design: an app key, hardware key, and Block server key that use phones, hardware, and cloud access to help people retain control of their funds.Clay Garrett, Bitkey lead at Block, joins Stephan Livera to explain the design trade-offs: safety as security plus recoverability, cloud backup that needs your hardware to decrypt, and why Bitkey do
Bitcoin Savings vs Casino Exchanges | Julian Liniger SLP777
Bitcoin Savings vs Casino Exchanges | Julian Liniger SLP777 Sep 29, 2026 00:51:13 Most crypto exchanges are built like casinos: they chase the next hot token, prediction market, or trading product. Relai is building a different category—a savings brand for people who want to accumulate Bitcoin, hold it in self-custody, and build wealth over the long run. Julian Liniger explains why serving patient savers requires a different product, message, and business model.The conversation
Bitcoin PIPEs v2 | Misha Komarov SLP776
Bitcoin PIPEs v2 | Misha Komarov SLP776 Sep 24, 2026 00:42:47 Bitcoin soft-fork debates around CTV, CSFS, OP_CAT, and OP_VAULT keep stalling — and Misha Komarov of Allocinit argues you can emulate much of that covenant behavior with cryptography instead of changing consensus.Misha joins Stephan to unpack Bitcoin PIPEs v2: a Witness Encryption design that locks a signing key under an NP statement so a valid zero-knowledge proof decrypts the key and produces a

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