Recent episodes
Bitcoin Tonight - 040
- Roger Ver apologizes after years of promoting Bitcoin Cash as a savior narrative, with Bitcoin surviving despite his predicted failures; his downfall stemmed from marrying one false narrative and making Bitcoin about himself. - Halston (23-year-old Bitcoin influencer) attacked Sydney Sweeney's gambling ad as exploitative while using her own attractiveness to sell custodial services, exemplifying moral hypocrisy in Bitcoin marketing. - Blockstream liquid sidechain hacker stole 4,000 Bitcoin, returned 3,400, and now demands 400 Bitcoin bounty; hosts debate whether this is extortion, gray-hat, or black-hat behavior. - Astrologer Aaron Redwing criticized Bitcoin culture as "conservative and anti-tech," while promoting ordinals and crypto marketing herself—another case of influencers judging Bitcoin while profiting from it. - Trump promised $5,000 dividend to every adult citizen if he wins the House and Senate, which may violate 18 U.S. Code 597 on illegal electoral inducements. - Bitcoin treasury companies (Satsuma, Cooler Technology, Matador) are liquidating positions and shutting down, showing most failed in their pump-and-dump cycles rather than creating lasting value.
Bitcoin Is Ending A Historic Bear Market.
- Bitcoin price action near $76K with technical chart analysis showing potential breakout toward $100K within 15 days and longer-term targets of $112K–$378K depending on cycle fractal models. - Clarity Act vote scheduled for 2:15 p.m. Eastern today with new ethics restrictions, permanent ban on official conflicts of interest, and removal of criminal exemptions (18 USC 1960 references) affecting developer protections. - Strategic Bitcoin Reserve (ARMA) bill moving to House markup Wednesday with mandatory 20-year lockup, quarterly proof-of-reserve audits, and exclusive use of seized/forfeited Bitcoin rather than new purchases. - Bitcoin treasury companies Satsuma Technologies and Kulr Technology exiting Bitcoin holdings due to business failures, reinforcing thesis that unprofitable companies cannot sustain Bitcoin reserves. - Security breaches at Swiss Bitcoin Pay and major escalation of Revolut hack affecting multiple European countries, with threat actors leaking customer passports and KYC data. - Satirical HashFly project proposes theoretical organic neuron-based Bitcoin mining at 1 watt per terahash if scaled to real biological neurons.
Bitcoin Bears’ Favorite Indicator Back To Being Bullish
- Bitcoin bounced off the base quantile and is consolidating just below the 50-week exponential moving average; a move to 93–97k is being considered as the next target. - Multiple bullish technical signals including Bollinger Bands tightening, oversold RSI recovery, and Elliott Wave formations suggest an exponential move is imminent. - Oil price recovery has historically preceded Bitcoin macro bottoms; oil is now rising, adding confluence to the bullish narrative. - Revolut suffered a social engineering attack resulting in exposure of customer identity, contact, financial data, and transaction histories for a limited subset of users. - Liquid Network remains in partial recovery with transactions resumed but peg-outs still disabled; the hacker is now facing law enforcement scrutiny after publicly demanding ransom. - The Clarity Act vote on September 15th will determine whether Congress passes crypto legislation or leaves the SEC/CFTC to issue regulations by default.
Lauren Emily Joins The Pleb Underground For A Chat
- Keone Kamaaina, Samurai Wallet co-founder, was transferred from FCI Morgantown to a satellite camp at FCI McKean in Pennsylvania; the transit process took over a month and included time in maximum-security holding facilities despite his minimum-security status. - Lauren Emily Rodriguez discussed the harsh realities of incarceration: cramped facilities with maintenance issues, lack of privacy for writing letters, and a distinctly different population compared to Morgantown. - The case hinges on prosecutorial overreach: FinCEN stated Samurai did not require a money transmitter license because it took no custody, yet prosecutors hid this guidance and charged Keone and Bill Binney anyway. - Multiple libertarian and policy organizations (Bitcoin Policy Institute, Coin Center, Lynn Ulbricht) are advocating for pardons and supporting legislative efforts like the Blockchain Regulatory Certainty Act (BRCA) to protect developers. - A stark double standard exists: banks knowingly violating anti-money laundering rules face civil penalties and fines paid by institutions, not individuals; developers face criminal prosecution and decades of imprisonment. - The Libertarian Party, particularly at state levels, has adopted this case as a platform issue, with candidates like Aaron Day in New Hampshire running on freedom for crypto prisoners.
Mounting Confirmation Of a New Bitcoin Bull Regime.
- Bitcoin regime shift indicators suggest a potential cycle bottom, with long-term hodler supply-in-loss topping and price stabilizing above the 50-week exponential moving average. - The 2028 halving cycle may see front-running momentum: prior halving rallies show 100x (2012), 30x (2016), and 8x (2020), but 2024 broke pattern with a pre-halving all-time high. - Bitcoin ASIC manufacturer Canaan purchased 108 BTC in Q2 (reserves now 1,915 BTC), while Sequoia dumped another 100 BTC, leaving only 63 BTC remaining from their failed treasury strategy. - Liquid Network hack recovery underway with encrypted messages from attackers still pending decryption; block production resumed but peg operations remain suspended. - Critical AlbiHub vulnerability in versions 1.7.0 and 1.18 requires immediate upgrade to v1.24.0 or later; unaffected versions from August 29 onward. - Multiple security threats escalating: Trezor and BitBox phishing emails circulating following third-party email provider breach; family murdered in Mexico for Bitcoin hardware wallet reportedly holding ~20 BTC.
The Bitcoin Bottom Isn’t A Number - It’s A Range
- Bitcoin's price trajectory modeling suggests a new all-time high above $126K by November 2027, based on accelerating cycle timelines and historical patterns. - The bear market bottom is a range rather than a single number; Bitcoin is currently trading within that consolidation zone. - The Liquid sidechain hack involved extortion: the attacker demanded a 4,000 BTC bug bounty to return 598.5 BTC, while Blockstream prepared an emergency software fix. - Giacomo Zucco has rejoined OCEAN's board of directors after departing three weeks earlier amid internal disputes over mining pool policies. - BLAKE2b fork drama continues: developers attempted to blacklist alpha pool miner addresses, but blacklisting is ineffective in an open system; arbitrary data insertion persists on the fork. - Bitcoin mining facility in the U.S. was condemned after leaking 3 million gallons of water while operating under an existing city stop-work order for safety violations.
Topics for Bitcoin Tonight - 039 - Special Bitcoin Seinfeld Revue
- Broken system incentives: Stock market falling after jobs report shows economy inverted—strong employment now signals rate hikes rather than growth, creating "bizarro world" conditions. - XRP and Florida Gators: Crypto firm sponsors college football; Bitcoin advocates criticize both the sponsorship and cult-like Bitcoin community pile-on behavior. - BCash fork implosion: Mining pool concentration (53%+ hash) sparks accusations, personal attacks, and internal fragmentation mimicking cult dynamics. - Cold Card hardware wallet crisis: Social media mockery of customers who lost funds escalates into accusations of sociopathy and tone-deaf PR damage. - AI-powered toothbrush and regulation: Dyson launches camera-equipped toothbrush; Bernie Sanders proposes AI superintelligence ban with 20-year prison penalties, mirroring failed tech-control logic. - Seinfeld Bitcoin parodies: AI-generated character sketches deliver Bitcoin humor—maximalism, self-custody failure, cult accusations, XRP shilling, brain wallets.
It's Almost Been A Decade Since Bitcoin Did This!
- Bitcoin is currently 1% of global money supply; Wall Street adoption could drive prices to $250k–$840k by 2030 depending on allocation size. - Bitcoin's first golden cross in 474 days is occurring, with historical precedent suggesting 91k–170k price targets. - Liquid Network hack involved a cache bug that caused a chain split, leading to a 3,998 BTC loss; "white hat" hackers kept ~$50M (15% of recovered funds), which is more consistent with gray-hat behavior than true white-hat disclosure. - El Salvador IMF deal claims about bitcoin transfers are misleading; the government transferred operational control of its Chivo wallet (not bitcoin reserves) to a private operator and continues daily BTC purchases. - BIP 110 (Blake2B/Blip) fork suffers from centralized mining (Alpha Pool controlling ~50% of hash), contradicting decentralization claims; multiple founders are engaging in coercive rhetoric toward miners. - Tether-backed OrionX exchange halted withdrawals citing "unfair advantage" to withdrawing clients while admitting accounting discrepancies—a classic gaslighting tactic used across failed platforms.
4000 Bitcoin HACKED from The Liquid Network!
- 4,000 Bitcoin stolen from Liquid Network bridge via a bug in Element software; majority of funds returned by self-described "white hat" hackers after negotiation with Blockstream via OP_RETURN messages. - Bitcoin chart technicals showing strong bullish signals including higher lows, breakouts above short-term hodler cost basis, and potential for multi-year bull market starting in 2026. - Median Bitcoin price projection of $360k in 24 months; host's own logarithmic chart prediction projects $9.6 million by July 2028. - CLARITY Act crypto regulatory bill stalled due to House cutting September voting schedule to only four days, making passage before midterm elections extremely unlikely. - Trezor hardware wallet data breach expanded; 67,000 additional U.S. customers affected with full details exposed by shipping provider ShipMonk despite written assurances of data deletion. - New Bitcoin software tools released: Bcash Junior Wallet (coin splitter), Specter DIY v1.10.5 (security updates), and BlockWatch (real-time node dashboard).
ReardenCode Joins Pleb Underground To Discuss rBitcoin
- Reardon Code (Brandon Black) has launched rBitcoin, a new Bitcoin client implementation written entirely in Rust using AI code generation (Grok). - rBitcoin combines full node validation with wallet-serving capabilities (Electrum/Esplora protocols) in a single binary, achieving ~690 GB storage for full archival blocks without index, versus over 1 TB for Bitcoin Core plus separate indexing layers. - Reardon emphasizes that multiple independent consensus implementations strengthen Bitcoin's security and enable testing (via differential fuzzing) rather than creating ossification risks. - Quantum computing is not a near-term threat (6–24 months); quantum readiness can be addressed via soft forks, not hard forks, with multiple proposals in progress (documented in recent Uptech newsletter). - Bit 54 consensus cleanup addresses non-critical edge cases (block time rules, legacy script validation limits) to prevent future network DOS scenarios; already being followed informally by some miners on Bitcoin Inquisition testnet. - Bitcoin development requires building new possibilities rather than "saving" Bitcoin; Bitcoin doesn't need saving, it needs builders—a distinction Reardon emphasizes over the "Luke 2.0" comparison.
Bitcoin Needs to hold $73.5k Support
- Bitcoin price action showing a golden cross on weekly charts with a decisive move higher after months of indecision; $73.5K support level critical to confirming the bottom. - Market structure remains unchanged with lower highs and lower lows until Bitcoin breaks above $83K or forms a higher low. - $3.1 billion in new capital chasing Bitcoin supply that cannot respond to price, creating potential for significant upside if momentum sustains. - Sell pressure below $60K was minimal, suggesting strong hodler conviction at the bottom and a potential shift in market maturity. - BIP110 (Blake2b mining fork) drama escalating: OCEAN mining discontinued support; small exchange delisted the token after community harassment described as toxic and unhinged. - Bark Wallet v0.8.0 released on Umbrel; layer-two solutions continuing to develop despite ongoing custody and supply-chain trade-offs.
Bitcoin Knocking At The Door To Bull Territory.
- September is historically Bitcoin's weakest month, but September 2024 follows August's third-best performance ever; past data shows mixed results after strong Augusts. - Bitcoin's banking adoption index reached 32%, signaling early institutional interest but falling well short of broader treasury adoption. - TD Cowen lowered its year-end Bitcoin price target to $97,500 (25% upside) from previous projections of $141,000–$225,000, illustrating analyst track record issues. - Peach Bitcoin paused its kyc-free escrow service in early September 2024 due to regulator re-evaluation of compliance, keeping only kyc accounts and whitelisted users active. - Specter Desktop's official software was impersonated on fake websites distributing malware; users must verify the correct URL (specter.solutions). - BLIP-110 (Blake2B fork) continues as entertainment; a neo-exchange listed "BTCB2" trading only against USDC, drawing derision from Bitcoin developers. - A 70 million dollar film titled "Bitcoin" in post-production centers on Craig Wright as Satoshi, partially financed by Calvin Ayre, with an ensemble cast including Gal Gadot and Casey Affleck.
Bitcoin Tonight - 038
- Bitcoin treasury companies like MicroStrategy dilute shareholder value over time and should not be conflated with actual Bitcoin ownership or maximalism. - The rise of plastic-based synthetic foods highlights the perverse incentives created by fiat money and central planning that prevent abundant, natural food production. - U.S. M2 money supply has expanded by $800+ billion in recent months at a 27-month consecutive increase, marking rapid monetary expansion under Trump administration. - Bitcoin community spaces on Twitter have degraded into platforms for grifters, narcissists, and influencer worship rather than genuine Bitcoin discussion and education. - "Blake2b" fork trading at micro exchanges (e.g., NeoX) represents classic altcoin pump-and-dump mechanics; no real infrastructure supports any claim it rivals Bitcoin. - Criticism and ostracism accompany success in Bitcoin; only sovereign individuals with resilience can withstand the pressure to compromise or seek universal approval.
Any September Pullback Is Just The Final Bear Trap
- Any September pullback is a "final bear trap"; Bitcoin's bear market has ~50 days remaining until October 6th according to simulation-based analysis. - Bitcoin's 50-week moving average recapture historically signals bear market bottoms; RSI strength suggests momentum shift incoming. - No major sell walls exist on spot markets between current price and $80K; golden cross on multi-timeframe moving averages is approaching. - Norwegian Bitcoin mining closure caused local power company to raise electricity rates 20% for residents, demonstrating mining's role in grid efficiency and cost reduction. - BIS head Augustin Carstens formally rejected stablecoins as viable payment instruments; banks are building competing products anyway, highlighting structural tension between central banks and private sector. - Entropy Labs released open-source software for non-custodial seed phrase generation, PSBT inspection, and Bitcoin address derivation under "Ooga Booga license"; Nostr protocol now supports browser-based website publishing without technical expertise.
Thomas From Orange Pill Order Joins The Pleb Underground
- Thomas, a 17-year-old Gen Z Bitcoin advocate, shares his journey to understanding Bitcoin through his mother's podcast listening and explains how he approaches educating peers without triggering defensiveness about the asset. - The conversation examines the block size war and Bitcoin forks, with Thomas reflecting on how small vocal minorities cannot override Bitcoin consensus and what that implies for the network's resilience. - Thomas discusses his Orange Pill Order podcast strategy: targeting intermediate-level audiences who already understand Bitcoin basics, while planning separate beginner content to bridge younger generation adoption. - Personal topics covered include his music taste (heavy metal, grunge, Pearl Jam), fashion trends among Gen Z (90s grunge revival, skater styles, niche underground rap appreciation), and his disciplined approach to health and gym training. - Thomas emphasizes that understanding Bitcoin is more important than price action for his generation, since most young people are not yet investing; the goal is laying foundational knowledge for future adoption. - The discussion touches on generational differences in worldview: Thomas's peers haven't yet grasped economic problems ahead, but he aims to present solutions rather than apocalyptic narratives.
Bitcoin is Rallying for a REASON!
- Bitcoin touched its first monthly Tenkan line again, signaling decision time for whether a new bull market is confirmed above the 82,600–82,700 level. - The 80-day excursion below the decay channel floor (June 2 to late August) was Bitcoin's longest in history; price reclaimed above 76K support after a 22% bounce. - Debt monetization risk and fiscal expansion are key drivers of the hard asset rally; structural deficits and expected Fed accommodation signal "up and to the right" price direction. - Trezor phishing injection tool advertised on cybercrime forums for $3,000 claims to capture seed phrases, but users should never input seeds into Trezor software—only on the device itself. - Educational resources launching (Neighborhood Bitcoin, Getting Bitcoin, The Nakamoto Project) signal growing Bitcoin adoption efforts ahead of anticipated bull market. - Spectre is developing Spectre DIY 2, a new hardware signing device, after Swan's acquisition dormancy.
BTC Breaking $83k & It's Going To ALL TIME HIGHS!
- Bitcoin broke through $80k and $81k this week, with price near $79k at time of recording and expectations to test $83k as support level. - On-chain and technical indicators suggest bullish continuation, including copper/gold ratio MACD crosses, weekly cloud breakouts, and institutional liquidity absorption via ETF inflows. - El Salvador Bitcoin adoption has declined sharply; a café operator at Bitcoin Beach reported the first Bitcoin payment in a month, with most transactions now settling in Visa/Mastercard. - LightSpark's Spark protocol halted for approximately four hours; Bull Bitcoin restored lightning swaps after Bolt's extended outage, highlighting dependency risks on centralized infrastructure providers. - U.S. seized 127,000 Bitcoin from Prince Group (alleged forced-labor scam); 9/11 families filed a claim for the coins, alleging Iranian Revolutionary Guard involvement in the original mining pool (Lubion). - Bitcoin Knots node count spiked dramatically in 2025 while Core nodes grew incrementally; community rhetoric mirrors BCH/BSV fork dynamics despite different technical goals.
The Bitcoin Follow-Through Continuation Begins....
- Bitcoin price action at $79,600 with potential resistance at $82–83K on the weekly chart; technical analysis via Ichimoku Cloud suggests bullish momentum. - Four-year cycle timing: October historically sees rallies; smart money reportedly accumulating during dips, though this cycle may be advanced by roughly one month. - Pantera Capital commentary on shallow pullbacks and institutional inflows; Standard Chartered predicts $500K Bitcoin by 2030. - SQNS and other public companies liquidating remaining Bitcoin holdings despite bull market. - Security developments following the Cold Card exploit: BTCPay Server halts new features; CyberScan vulnerability scanner and Premcoin entropy tools launched; radio-noise key generation discussed. - Novelty/experimental hardware concepts including a blood-pulse-activated signing device (not recommended) and a Napster-like P2P protocol revival for seeders.
Rob Wallace From Bitcoin News Joins Pleb Underground For the Daily Live!
- Charles Schwab launches direct Bitcoin and Ethereum trading across 40 million brokerage accounts, removing friction for mainstream adoption via existing financial infrastructure. - U.S. Treasury secretary Bessent signals intent to expand treasury buyback operations beyond initial $4 billion per issue, suggesting aggressive debt management as yields spike. - CFTC Chair Selig declares "we've crossed the Rubicon" and announces plans to pursue crypto market regulation via executive authority if the Clarity Act stalls due to "Democrat obstruction." - Metaplanet acquires Superleague and continues Bitcoin treasury accumulation strategy, competing with Microstrategy and Strive as institutional Bitcoin holders. - Luke Dashjr allegedly sold his Bitcoin holdings approximately one week ago, following his failed BIP-110 hard fork attempt and contentious disputes with the broader Bitcoin community. - Bitcoin consensus requires alignment among developers, miners, node operators, and economic actors; unilateral protocol changes result in network forks, not upgrades.
This Is Just The Beginning!
- Bitcoin price broke above $66K with potential for $76K; technical Bollinger Band squeeze signal suggests early bull run conditions. - Mid-cycle correction narrative references 2013 April dip as historical parallel; majority only identified it retrospectively in 2018. - New price model from Jan31.com (Samson Mao) projects $1 million Bitcoin by February 2031 using 60% annual growth rate. - Large Bitcoin hodlers accumulated ~43,000 BTC over 60 days near $60K support; conviction buying pattern mirrors 2022 bottom. - U.S. Treasury doubled liquidity support for 10- and 30-year bond buybacks, interpreted as signal of limited policy tools and money-printing reliance. - Citibank launches Custody Plus for Bitcoin and digital asset custody; traditional finance actively protecting market share against crypto competitors.