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Bitcoin Season 2 | Blockspace Media

147 Episodes
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Zach Pokorny from Galaxy Digital joins us to discuss their deep investigation into the mysterious 80,000 Bitcoin whale that moved last summer. The report uncovers a massive dusting campaign targeting over 40,000 addresses holding 2.3 million BTC with fake "abandoned property" notices. We dive into the Salomon Brothers connection, the $90K cost of the attack, and why this looks like classic Craig Wright-style lawfare.
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Notes:
• 2.3 million BTC dusted
• 40,000+ addresses hit
• Attack cost 0.7 BTC (~$90,000)
• 80,000 BTC whale sold through Galaxy
• 3-year dormancy minimum targeted
Timestamps:
00:00 Start
02:27 Size & breadth of the messaging campaign
04:39 Message contents
05:51 Legal definitions
08:47 Is Salomon Brothers real?
12:02 Why not use a law firm?
13:06 Did the 80k BTC seller get spooked?
14:31 Scale of the campaign
15:35 Satoshi addresses?
17:55 How did they choose addresses?
19:44 Lots of holders have "dormant coins"
21:17 Cost of the campaign
23:14 Links to other attacks
26:26 Speculating who this was
28:12 Court process & jurisdiction
32:12 Wrap up
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Pio Vincenzo joins us to talk about why MicroStrategy could become a $10 trillion company, how Bitcoin miners like Riot and Cipher are pivoting to AI infrastructure, and why the traditional four-year Bitcoin cycle is officially dead. Pierre breaks down the Bitcoin treasury company trend, explains why time is on Bitcoin's side, and shares his controversial take on why crypto Twitter must always lose.
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Notes:
• MicroStrategy owns 600K+ Bitcoin, no corp will catch up
• Money printing at $100-175B monthly, historically high
• 40% of money supply printed during Covid period
• Bitcoin miners repositioning for AI hyperscaler deals
• Bitcoin ETFs launched during Biden presidency
Timestamps:
00:00 Start
01:41 New wave of crypto content creators?
03:55 Bitcoin not crypto trend
05:45 Trump "insider" rumors
09:47 MSTR bull case
15:06 One DAT to Rule Them All?
18:46 BTC miners, WTF?
22:30 IREN & Cypher
27:42 Prediction markets
30:34 4 years cycle go bye bye?
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👋Bitcoin Season 2 is produced Blockspace Media, Bitcoin’s first B2B publication in Bitcoin. Follow us on Twitter and check out our newsletter for the best information in Bitcoin mining, Ordinals and tech!
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We're reporting live from the North American Blockchain Summit in Dallas, Texas, where roughly 30% of the world's Bitcoin hashrate is decided. The shocking reality? Bitcoin miners don't care about Core v30 or technical debates. They care about electrons, steel, aluminum, and profit. We break down how Foundry became the largest pool with 0% fees, why miners prefer FPPS revenue certainty over block variance, and the massive disconnect between Bitcoin's technical community and the mining industry.
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Notes:
• Foundry controls ~30% of Bitcoin's hashrate
• Mining pools dropped fees from 2% to near 0%
• FPPS model is “addicting” for miners
• Texas becoming finance capital with new exchange
• Most miners don't know their pool's Core version
• Future fee markets could disrupt pool dominance
Timestamps:
00:00 Start
00:28 NABS vibes
01:41 Miners don't care about Core V30
03:48 Miners care about profitability
04:44 Pools
08:59 Predictable revenue
13:10 Miner incentives
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👋Bitcoin Season 2 is produced Blockspace Media, Bitcoin’s first B2B publication in Bitcoin. Follow us on Twitter and check out our newsletter for the best information in Bitcoin mining, Ordinals and tech!
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Riccardo Spagni (Fluffypony), former Monero lead maintainer, joins the Bitcoin filter debate and explains why it's following the same playbook as the blocksize wars. Riccardo explains his early studies on Sybil attacking Bitcoin nodes, why filtering is fundamentally broken censorship, the thankless job of being a protocol maintainer. We also discuss his WorldCoin criticism, AI agent commerce, and why stablecoins will likely dominate machine-to-machine payments.
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**Notes:**
• Bitcoin nodes connect to 8 peers by default
• Fiber network enabled faster miner-to-miner relay
• Filtering OP_RETURN stops only 1 of 6 data methods
• Spagni maintained Monero 2014-2019 (5 years)
• Lightning privacy requires permanent open channels
• AI agents will likely use stablecoins, not Bitcoin
Timestamps:
00:00 Start
01:16 Who is Fluffypony?
06:45 Worldcoin influencer?
09:30 Filters (that don't filter anything)
12:53 Why don't "all nodes matter"?
18:35 Knots node count
23:16 OK, define censorship
31:24 Community criticism
38:26 The future of the "filter TM" debate
42:44 On-chain privacy
48:32 The state of Bitcoin privacy
53:23 OP_CTV
56:05 AI + Bitcoin
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👋Bitcoin Season 2 is produced Blockspace Media, Bitcoin’s first B2B publication in Bitcoin. Follow us on Twitter and check out our newsletter for the best information in Bitcoin mining, Ordinals and tech!
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“Uptober” is absolutely delivering Bitcoin pushes $121K with BlackRock's iShares Bitcoin ETF breaking into the top 20 ETFs by AUM - a meteoric rise for an asset that was "a scam" according to Larry Fink just two years ago. Hashrate hits the historic 1 Zetahash milestone, mining stocks see 624% gains led by AI pivots, and ordinals collections pump double digits. The gang breaks down ETF inflows, network security, and why this cycle's retail is hiding in plain sight.Subscribe to the newsletter! https://newsletter.blockspacemedia.comNotes:• Bitcoin trades at $121K, nearing ATH• BlackRock's ETF entered top 20 ETFs by AUM• Hashrate reached 1 zettahash milestone• US ETFs saw $675M single-day inflow Oct 1st• Mining stocks up 624% since June (Iris leading)• Ordinals collections up double digits on weekTimestamps00:00 Start00:27 Pump it UP02:08 IBIT Breaks Top 20 ETFs09:09 Hashrate21:18 Ordinals are SO BACK!-👋Bitcoin Season 2 is produced Blockspace Media, Bitcoin’s first B2B publication in Bitcoin. Follow us on Twitter and check out our newsletter for the best information in Bitcoin mining, Ordinals and tech!Enjoy the show? Check out our website and newsletter by clicking here.Questions or want to sponsor? hello@blockspace.media
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Eli Ben-Sasson, co-founder of StarkNet and Zcash, announces StarkNet's major Bitcoin news: native Bitcoin staking on StarkNet. Starknet has 100 million STRK tokens allocated for competitive Bitcoin lending rates and Bitcoin yield strategies. Eli explains why zero-knowledge proofs are the scalability solution Bitcoin needs, how StarkNet enables self-custodial Bitcoin DeFi, and why OP_CAT could be the nine lines of code that save Bitcoin from becoming just another store-of-value asset for the wealthy.
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# Notes:
• Bitcoin staking now live on StarkNet
• 100M STRK tokens for Bitcoin lending incentives
• 500M+ STRK already staked in protocol
• 21-day unstaking period for Bitcoin
• $1M research fund for OP_CAT development
• ZK-STARKs verify million transactions for one cost
• RS7 launching Bitcoin yield strategies
Timestamps
00:00 Start
01:46 Bitcoin staking is now live
03:08 What is Bitcoin Staking?
06:07 History of Zero Knowledge Proofs
08:00 ZK & scaling
09:05 How scaling would work
10:57 Covenants (OPCAT, CTV)
11:55 STRK token
14:12 PoW vs PoS
16:09 Practical benefits from staking
20:26 Staking curve & rates
21:57 100M STRK tokens
24:14 Why start with lending?
25:29 Re7 Capital
28:31 Re7 function
36:08 Consensus for covenants
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Today we dive deep into the controversial world of Luke Dash Jr, the Bitcoin developer behind Bitcoin Knots who believes the sun orbits the Earth, supports monarchy over democracy, follows an obscure Catholic sect with only 30,000 followers worldwide, and thinks using Bitcoin in ways he disapproves of should be criminal. We expose his authoritarian development practices and why Bitcoiners should know exactly who they're endorsing.
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Notes:
• Luke's sect has only 30,000 followers vs 1.4B Catholics
• Luke was sole BIP editor for a while
• Bitcoin Knots filters some lighting & coinjoins
• Luke believes violating laws equals immoral behavior
• “GitHub doesn't work with Knots” claims disputed
Timestamps:
00:00 Start
00:32 Geocentrism is back baby!
06:26 Why Luke is a Bitcoin legend
09:12 UASF
13:52 Knots
16:52 ONE maintainer to rule them ALL
23:06 Luke merge unreviewed code, sounds safe..
24:34 BIPs repo
28:30 Knots has more maintainers? ahh, what?
35:12 Obscure religious sect
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👋Bitcoin Season 2 is produced Blockspace Media, Bitcoin’s first B2B publication in Bitcoin. Follow us on Twitter and check out our newsletter for the best information in Bitcoin mining, Ordinals and tech!
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Junseth from the legendary Bitcoin Uncensored podcast joins us to talk about his shocking investigation into crypto phone scammers. He recorded dozens of calls with young thieves targeting Bitcoin holders, revealing how 16-17 year olds recruited on Roblox and Minecraft steal millions through social engineering attacks on Coinbase users.
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Junseth’s scammer interviews: https://soundcloud.com/junsethsworld
Notes:
• He gets 10+ scam calls/day
• Scammers are young: 16-18 years
• Recruited primarily on Roblox/Minecraft
• One scammer calls back to apologize!
• Claims of $60k+ paydays
Timestamps:
00:00 Start
03:51 Scammer recording
07:36 The arc of the conversation
12:50 Who are these scammers?
14:51 Arrests
17:06 What do they do with the assets?
20:26 Recruiting scammers from Minecraft
25:04 Bitcoin cultural evolution
28:26 Whay is everyone dumb?
30:21 Non-monetary Bitcoin
37:02 Cultural moments
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👋Bitcoin Season 2 is produced Blockspace Media, Bitcoin’s first B2B publication in Bitcoin. Follow us on Twitter and check out our newsletter for the best information in Bitcoin mining, Ordinals and tech!
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Three wild stories: NBA star Kevin Durant finally remembering his Coinbase password after 11 years of locked Bitcoin gains, Michael Saylor revealing how he uses ChatGPT to design revolutionary $6 billion securities offerings, and Monero experiencing its deepest blockchain reorganization attack in history with 118 invalidated transactions.
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NOTES:
• Durant bought Bitcoin in 2016 at $300-1000 range
• His 2016 salary: $20M, today: $53M
• Bitcoin outperformed his net worth by 100x
• Saylor designed $6B security with AI help
• Monero suffered 18-block reorg attack
• 118 transactions invalidated on Sept 15th
Timestamps:
00:00 Start
00:26 Kevin Durant's BTC Password
09:26 Blockspace Ad
10:02 Bitcoin for Corps
18:40 Monero chain re-org
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👋Bitcoin Season 2 is produced Blockspace Media, Bitcoin’s first B2B publication in Bitcoin. Follow us on Twitter and check out our newsletter for the best information in Bitcoin mining, Ordinals and tech!
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Erin Redwing, Bitcoin astrologer and former astronomer, joins us to talk about eclipse season chaos, Saturn returns for millennials, why 2026 marks the Age of Aquarius, and Bitcoin's astrological DNA from its 2008 Saturn-Uranus opposition birth.
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**NOTES:**
• Bitcoin hit $18K on winter solstice 2020
• Saturn returns happen ages 27-30
• Eclipse seasons occur every 6 months
• 2026 starts new astrological era
• Bitcoin created during planetary opposition
• Pluto in Aquarius until 2044
Timestamps:
00:00 Start
01:35 Astronomy background
03:37 Erin predicts the 2025 Spring sell-off
05:55 Eclipse Season
12:48 Positive outlook
16:52 Cleanspark
18:11 Themes for the next era?
22:18 Saturn return
26:12 Saturn return applies to everyone
30:19 Bitcoin & Saturn
32:56 Price up or down?
42:47 Bitcoin culture right now
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👋Bitcoin Season 2 is produced Blockspace Media, Bitcoin’s first B2B publication in Bitcoin. Follow us on Twitter and check out our newsletter for the best information in Bitcoin mining, Ordinals and tech!
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Dive into the wild story of how Nepal's government was overthrown using Jack Dorsey's BitChat mesh network app and Discord polls. From social media bans sparking protests to Zoomers coordinating via Bluetooth networks, this episode explores the intersection of crypto technology and political revolution. Plus, Charlie Kirk's thoughts on Bitcoin strategic reserves.
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**Notes:**
• BitChat downloads jumped from 3K to 50K in one day
• 48,000 Nepal downloads = 38% of total installs
• 26 social media platforms banned Sept 4th
• Bluetooth mesh network max range ~30 meters
• Charlie Kirk supports US Bitcoin reserve
• Discord poll selected interim leadership
Timestamps
00:00 Start
00:25 Citizens rebel in Nepal
03:44 BitChat
05:08 Nepal backstory
06:18 BitChat to the rescue
11:41 Discord voting
21:26 Hot topic of week
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👋Bitcoin Season 2 is produced Blockspace Media, Bitcoin’s first B2B publication in Bitcoin. Follow us on Twitter and check out our newsletter for the best information in Bitcoin mining, Ordinals and tech!
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Flashnet CEO Ethan Marcus joins us to discuss Bitcoin & markets. We chat the challenges of stablecoins, and how Spark’s signing protocol offers a fast, cheap alternative to Lightning. He also shares candid lessons from a $300 k load test and his vision for Bitcoin‑native finance.Subscribe to the newsletter! https://newsletter.blockspacemedia.comNotes: Coinbase charges ~70 bps per trade. Spark handled $300 k in 9 min during beta. Bitcoin spot volume ≈ $20‑30 trillion yr. Lightning’s fee‑free stablecoin rollout deemed “disaster”. Spark’s operator model uses threshold signatures. Braille’s USD‑BTC stablecoin launches on Spark.Timestamps:00:00 Start01:52 Is Flashnet crypto or fintech?02:23 What is Spark?03:25 Role of the Operator05:06 Like a State Chain but different06:50 Spark idea origins08:54 Flashnet11:08 Why not build on Lightning?12:16 Hyperliquid15:00 How does Spark fit into BTC scaling?16:30 Why use a DEX?18:38 Evolution of on-chain exchanges20:35 Braille & stablecoins21:58 RGB & other protocols24:15 Park launch troubles26:16 Degens lend a helping hand28:08 Corporate chains30:21 Single sequencer = server32:09 Zero Day33:08 Innovations in BTC-👋Bitcoin Season 2 is produced Blockspace Media, Bitcoin’s first B2B publication in Bitcoin. Follow us on Twitter and check out our newsletter for the best information in Bitcoin mining, Ordinals and tech!Enjoy the show? Check out our website and newsletter by clicking here.Questions or want to sponsor? hello@blockspace.media
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We dive into the “filter debate,” dissecting why some Bitcoin purists are demanding JPEG‑free blocks and why their efforts are futile, but harmful to the bitcoin network. Fee economics, block‑size limits, real‑world examples, and the clash between censorship resistance and arbitrary data.
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Notes:
Block size capped ~4 MB (~250 GB/yr)
$600 M+ spent on ordinal fees
Knots rose from 5 % to 18 %
30/25 000 nodes filtered in early test
100 % filtered nodes still ineffective
Fee market drives transaction inclusion
Timestamps:
00:00 Start
02:54 Letter Analogy
05:40 Nations censoring transactions
07:16 Spam
16:16 JPEGS
18:03 Block size
19:12 Death to JPEGS
20:32 IBD (initial block download)
26:11 But we are filtering X transactions!
27:24 First principles
34:36 Oh Luke... so disappointing..
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👋Bitcoin Season 2 is produced Blockspace Media, Bitcoin’s first B2B publication in Bitcoin. Follow us on Twitter and check out our newsletter for the best information in Bitcoin mining, Ordinals and tech!
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Ed and Tim from Bitcoin Treasuries join us to talk about the explosive growth of bitcoin treasury companies, why traditional metrics don't work anymore, MicroStrategy's continued outperformance versus the Mag 7, mining companies losing narrative appeal, and their upcoming September 17th Bitcoin Treasuries Unconference in NYC.
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**Notes:**
• MSTR outperformed Mag 7 every day for a year
• Traditional PE ratios don't work for BTC cos
• MicroStrategy: $500M revenue, $75M profit
• Fixed income markets worth $4 trillion
• Many treasury cos trade below NAV
• Bitcoin gains counted as revenue now
Timestamps
00:00 Start
01:17 Conference & podcast
03:01 MSTR price lag
05:20 Market outlook
06:55 Why BTC treasury companies?
09:30 Comparing companies
15:03 Bearish BTC miners?
18:34 Future of treasury companies
22:20 Winner take most or all?
23:27 Attracting capital
26:23 Bitmex Report
28:56 Conference highlights
32:55 Wrap up
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👋Bitcoin Season 2 is produced Blockspace Media, Bitcoin’s first B2B publication in Bitcoin. Follow us on Twitter and check out our newsletter for the best information in Bitcoin mining, Ordinals and tech!
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Colin & Charlie joins us to unpack the UAE’s secret $700 million Bitcoin mining operation, the US government’s bold move to publish macro data on-chain through Chainlink, and Tether’s planned launch on the RGB layer‑2. We also explore nation‑state mining strategies and the quirky characters behind RGB.
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Notes:
UAE mine valued at $700 M BTC
Citadel (UAE) operating the mine
US gov posting data on multiple blockchains
Chainlink oracle used for Bitcoin L2 Botanics
Tether targeting RGB (still pre‑v1)
Bhutan holds 12k BTC ($1.3 B)
Timestamps:
00:00 Start
00:21 UAE mining BTC
05:55 US data on-chain
11:03 Tether coming back to BTC
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👋Bitcoin Season 2 is produced Blockspace Media, Bitcoin’s first B2B publication in Bitcoin. Follow us on Twitter and check out our newsletter for the best information in Bitcoin mining, Ordinals and tech!
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Satsie joins us to talk about Bitcoin privacy fundamentals. We cover why Bitcoin isn't anonymous, essential privacy practices like avoiding address reuse and hardware wallet shipping risks, the importance of running your own node, and advanced tools like PayJoin transaction batching and silent payments for enhanced on-chain privacy.
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**Notes:**
• Bitcoin requires KYC through exchanges
• Address reuse is "really, really bad"
• Hardware wallets shipped to homes create risk
• PayJoin needs 5% network adoption minimum
• Node sync takes "couple days" currently
• Silent payments require blockchain scanning
Timestamps:
00:00 Start
01:24 Who is Satsie?
04:24 How private is Bitcoin?
06:06 Privacy is hard
07:58 Basic BTC privacy techniques
10:50 VPNs
11:57 Running a node
15:13 You are using somebody's node
17:28 What is Payjoin?
19:59 When would we use Payjoin?
21:10 Payjoin adoption
22:45 Multi-party Payjoin
23:54 Silent Payments
27:16 Current US privacy regulations
29:00 Soft forks
31:06 Resources
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👋Bitcoin Season 2 is produced Blockspace Media, Bitcoin’s first B2B publication in Bitcoin. Follow us on Twitter and check out our newsletter for the best information in Bitcoin mining, Ordinals and tech!
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Will Owens from Galaxy Digital joins us to talk about Bitcoin's shocking transaction fee collapse. Despite BTC ripping to new all-time highs, fees have fallen to historic lows with "free blocks" becoming common. We dive deep into the data showing how custodial adoption and speculative activity moving to other chains is creating a miner revenue crisis.
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**NOTES:**
• Bitcoin fees at all-time lows despite $120K price
• "Free blocks" with 1 sat/vB fees now common
• Miners losing 15-20% potential revenue from fees
• 1.5M Bitcoin vulnerable to quantum attacks
• Hash price hit $35/TH all-time low recently
• Coinbase custodies over 1 million Bitcoin
Timestamps:
00:00 Start
01:05 Are fees important?
09:09 Free Block
10:37 Do miners care?
13:24 OP_RETURN
18:38 OP_RETURN & Bitcoin Core
21:34 Wallet type
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👋Bitcoin Season 2 is produced Blockspace Media, Bitcoin’s first B2B publication in Bitcoin. Follow us on Twitter and check out our newsletter for the best information in Bitcoin mining, Ordinals and tech!
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Bonus audio-only episode. Recorded live in Vegas w/ Bitcoin Core Contributor Antoine Riard. We discuss a lot of things, details of Bitcoin Core development, and work on libbitcoinkernal.
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👋Bitcoin Season 2 is produced Blockspace Media, Bitcoin’s first B2B publication in Bitcoin. Follow us on Twitter and check out our newsletter for the best information in Bitcoin mining, Ordinals and tech!
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David Z Morris joins us to talk about his extensive coverage of the Tornado Cash trial. We dive deep into Roman Storm's conviction, the legal precedent for privacy tools, and the chilling effects on open source development in crypto.
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NOTES:
• Jury hung on 2 charges, guilty on 1 MTB charge
• North Korea Lazarus laundered $600M
• No direct OFAC-sanctioned wallets used the service
• Appeal process could take years to resolve
Timestamps:
00:00 Start
00:41 Why the Tornado Cash Story?
05:06 What is Tornado Cash?
11:15 What does Tornado Cash Do?
14:01 Autonomous Smart Contracts
19:34 Run as a Business
23:57 Profits
24:58 Criminal Charges
31:43 Future of Open Source Development
37:15 Advice for Privacy Devs
42:43 Public Perception
46:09 Journalism & Privacy
49:10 What Happens Now?
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👋Bitcoin Season 2 is produced Blockspace Media, Bitcoin’s first B2B publication in Bitcoin. Follow us on Twitter and check out our newsletter for the best information in Bitcoin mining, Ordinals and tech!
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We’re diving deep into the disconnect between market performance and recession fears. They explore viral TikTok recession indicators, analyze Q2 earnings data, examine job market softening, and discuss whether we're actually heading into recession territory or if it's all just economic anxiety amplified by social media vibes.
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## Notes:
- 33% recession probability down from 45% in April
- S&P 500 earnings grew 11.8% year over year in Q2
- Only 73,000 jobs added in July vs expectations
- May/June job numbers revised down by 258,000
- Energy sector earnings dropped 18-19% in Q2
- 92% probability of September Fed rate cut
Timestamps:
00:00 Start
00:32 Wen resesh bruv?
03:54 Recession Pop Music
10:48 White Lady Dasher
12:49 Data nerd time
24:56 Mag 7 earnings
26:49 Unemployment
31:34 Consumer credit
33:44 What's a humble central bank to do?
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👋Bitcoin Season 2 is produced Blockspace Media, Bitcoin’s first B2B publication in Bitcoin. Follow us on Twitter and check out our newsletter for the best information in Bitcoin mining, Ordinals and tech!
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