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Presidio Bitcoin Jam
Presidio Bitcoin Jam
Author: With David King, Max Webster, and Steve Lee
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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
49 Episodes
Reverse
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
1:25:05 Going head-to-head with Stripe - where Bitcoin can win
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SHOW NOTES:
https://www.bitcoinmerchantcommunity.org/
-FOLLOW:
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WATCH THE SHOW:
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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 payments work for cross-border and currency conversions. This is the biggest announcement in Bitcoin.
52:32 Why would CashApp do Stablecoins and Lightning payments? Do they compete?
55:04 Spiral's efforts to arm the Bitcoin army with meaningful tools to drive adoption. Stablecoins don't have that!
1:14:57 Lava and lending on Bitcoin. Why do we still believe it is the biggest opportunity outside of casinos?
1:28:48 Thoughts on why they changed their model from non-custodial to custodial.
SHOW NOTES:
https://www.bitcoinmerchantcommunity.org/
FOLLOW:
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WATCH THE SHOW:
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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
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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 Association.
40:57 Making apps for everyday users and thinking through the complexity of options for payments.
53:35 Remaking traditional savings vehicles, like paper-based US Savings Bonds, using Bitcoin.
58:31 Strategy's STRC product is Tax-Free?
1:08:57 Unpacking the BIP 444 fork proposal and the history of how prior folks played out.
1:23:03 Running a node is not a vote, spending is.
1:26:12 Details on Max's Halloween costume.
1:29:28 Rapid Fire: Polymarket accepts Bitcoin. Predyx smooth UX. Brian reading the prediction market words on Coinbase earnings. Coreweave and Core deal fell apart. SimpleX messaging. Bitchat adoption in Jamaica during the hurricane.
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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 assumption that digital payments come with fees.
43:08 Why is Zcash rising in popularity? Unpacking different types of privacy.
53:02 Prioritize Austrian economic hard money or cypherpunk techno privacy?
57:57 Shoutout to the chain code delegation BIP
1:06:52 NBA off to a hot start on and off the court.
1:20:00 Strike's bitcoin-backed lines of credit. What's the difference between a loan?
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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 ask merchants for Bitcoin acceptance.
53:08 Buying gold at Costco and making Bitcoin physical to drive adoption?
59:28 Why is gold mooning, and Bitcoin isn't?
1:05:32 Come to the ₿uilder event next Thursday at Presidio Bitcoin and Max's trip to Lightspark.
1:10:50 Max's takeaways on the token & stablecoin front, along with Lightspark's other products.
1:20:03 Rumor of Saylor on Rogan - is he the best spokesperson for Bitcoin? Here's our picks: Lyn Alden, Greg Maxwell, Andreas Antonopoulos, Andrew Meyers, and many others.
1:27:00 Elon tweeting about Bitcoin and Energy for the first time in years! Will he come to the Type I Summit?
1:28:17 Organizations funding Bitcoin development - Thank You!
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SHOW NOTES:
Type1summit.org
-
FOLLOW:
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WATCH THE SHOW:
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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 orange pill the complexity science group at the Santa Fe Institute.
49:13 The importance of the difficulty adjustment to Bitcoin and why there is a Nobel prize hidden within.
53:14 Recapping Presidio Bitcoin's first Nostr event! Awesome Nostr GitHub is a great tool to explain the tech!
57:48 Audience engagement: How to bring merchants on board to Bitcoin.
1:02:42 Takeaways from the Freedom of the Press event in SF.
1:07:30 What is Chat Control, and what does it mean for end-to-end encrypted messaging?
1:14:30 Updates on the Type1 Summit at Presidio Bitcoin and why we need to build a new grid to meet energy demand.
1:23:58 What we hope to emerge from the Summit.
-
SHOW NOTES:
Type1summit.org
-
FOLLOW:
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WATCH THE SHOW:
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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, which are 4MB vs 1MB in OP_Return
39:10 Why Mining Centralization and UTXO bloat are fights worth fighting.
41:22 Are people taking this to the point of a hard fork, and is that wrong, or a slippery slope?
45:20 We don't know of a mechanism to stop spam on Bitcoin, except for the historical solution of fees.
46:39 Sharing an exciting new project advancing Bitcoin payments is being built with Replit.
51:10 Another company, Cloudflare, is launching a centralized chain for agents using stablecoins.
54:12 Importance of reputation and building with Nostr.
1:02:42 Are the AI-generated videos from Vibes dystopian? Managing attention is the modern world.
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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:
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WATCH THE SHOW:
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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
17:53 The AI Data Center Boom
23:00 Grid Bottlenecks & Financing Risk
29:00 Bitcoin’s Role in Energy Financing
32:04 Infrastructure Challenges and the Future of Energy
40:00 Real-Time Markets
43:45 Type 1 Summit Logistics
49:00 The Billionaire Flippening
55:00 Bitcoin Billionaires & Wealth Distribution
1:01:43 The Role of Gold in Modern Investment
1:05:19 Understanding Gold vs Bitcoin
1:18:00 Bitcoin is the Metric System of Money
1:20:24 Apple’s New iPhone & Memory Integrity Enforcement
FOLLOW:
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LINKS:
Type 1 Summit: https://type1summit.org/
Bitcoin Plushie: https://www.uncute.com/collections/everything-else/products/here-comes-bitcoin
WATCH THE SHOW:
https://www.youtube.com/@PresidioBitcoin
0:00 DK is back in the studio next week! Swimming in cold water and using a wetsuit.
3:40 Breaking News: Spark announces Stablecoins on Bitcoin and unpacking who will win in the stablecoin landscape.
10:28 Unpacking Spark, how it works, and its three structures.
18:57 How Spark uses state chains to get scaling.
27:40 Differences with Spark and other blockchains, like the new GCUL from Google.
32:56 How payments across services would work using payment trees.
42:42 What is the happy path using payment trees, and what motivates entities?
49:08 This is the early thesis of banks from early bitcoiners being played out.
55:22 Does this mean everyone is coming for Visa?
1:08:59 The Spark trust model: Is it self-custody or is the term 'Trustodial' more accurate?
1:15:29 Where will value accrue in this market? The issuer, the chain, service providers, bridges, etc.
1:19:38 Are we about to watch the next age of free banking?
1:22:28 A no-KYC payment user experience can help onboard people and agents to Bitcoin.
FOLLOW:
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SUBSCRIBE TO THE SHOW:
Apple Podcasts: https://podcasts.apple.com/us/podcast/presidio-bitcoin-jam/id1804198027
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00:00 Welcome to the Presidio Bitcoin Jam 02:12 ₿uilder Meetup #3 Recap
05:41 Designing better vibe-coding experiences
08:11 Why agents struggle with Lightning/Nostr integrations, the Lexe SDK example, and the need for machine-ready repos.
11:49 What it might look like if dev teams built MCP servers and repos specifically for LLMs.
16:36 Using LLMs for Research & Writing
20:54 Debate on whether LLMs generate novel ideas or just remix existing ones.
27:19 Privacy Concerns: The slippery slope of centralized AI assistants, Maple AI’s confidential compute, and open-source tradeoffs.
42:00 Have LLMs Plateaued?
49:34 Nano Banana & Emerging AI Tools - Google’s latest model for consistent characters in media, and what it signals about progress.
54:22 The Ad-Driven AI Dystopia
57:57 Building Our Own Bitcoin-Aligned AI Model
1:01:44 Paying for AI with Bitcoin - Ideas for Goose, NWC integration, and using sats for private LLM queries.
FOLLOW
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0:00 Welcome to the Presidio Bitcoin Jam.
1:55 Bitchat, Bitechat, and submitting to the App Store.
8:38 Publishing free and open source applications.
15:15 Does this get us back to the Delete IP debate?
22:17 What will the future look like, bringing together a Chatbot, GitHub, App Stores, and Nostr?
28:39 How to use Bitchat and why we think it's so cool.
33:25 How is this different from Google Buzz or Clubhouse? Will the initial spark fade?
37:16 Bitchat stealthily became the most used Nostr app.
43:58 Other use-cases for Bitchat and as a development platform.
47:53 Thoughts on how to make Bitchat successful and prevent feature crowding.
53:10 Revisiting Stablecoins & Layer 1s from Stripe and Circle. Did Tether on Tron already win?
57:04 How might the banks like JPMorgan react to stablecoins? Is interoperability a necessity?
1:06:10 We still need a Lightning network bridge with the rest of crypto?
1:16:05 How would you even think through how to launch a stablecoin?
1:18:32 Is Strategy's STRC a threat to Tether or cash-backed stablecoins?
1:27:43 If you were a lending platform, would you try to stop people from taking BTC loans to buy more BTC?
FOLLOW:
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DK: https://x.com/dksf
0:00 Airports, Power Outages, Nik Bhatia at PB.
4:01 After 4.5 years of development, Block unveils the new Proto Mining Chip.
13:00 Proto's new open source mining fleet management software and approach.
19:14 Proto's modular approach could unleash new mining form factors and applications.
24:25 Open source mining hackathon at Presidio Bitcoin?
30:10 Estimating the mining hardware market size.
35:59 Update on Stratum V2 adoption.
44:16 Comparing Proto to other market options and what to look for.
50:20 Revisiting Steak n Shake and paying in bitcoin.
51:34 Potential to make a solar-powered mining setup.
1:01:32 Google Play bans self-custodial wallets in the Play Store. A well-intended mistake?
1:12:41 Creating a new form factor for personal devices and how we interact with the internet. 1:21:06 Unpacking Circle and Stripe's new corporate chains.
1:31:31 What's the value Stripe and Circle expect to accrue by launching these chains?
SHOWNOTES:
https://fork.lol/
FOLLOW:
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0:00 Is bitcoin the pirates or the navy?
5:30 With in-kind transactions, is it attractive or worrying to put self-custody coins into the ETFs? 10:58 What happens if bitcoin payments don't take off and block space isn't filled.
16:11 Breaking down the way bitcoin fees work
20:00 Bitcoins security budget; how much is needed and how it works. Is there a flaw?
26:16 Do all bitcoin investors need to care about and pay for security? Exploring three potential solutions.
30:26 Funding economists to work on bitcoin
36:28 Why we think a tail emissions as a solution is not practical
45:38 If bitcoin replaces SWIFT does that create enough transactions to support the network? 52:41 E-cash, lightning, spark, etc taking off would be great for bitcoin
54:38 Reasons to use bitcoin will continue to be created and grow
57:50 How hashrate is related to the price of bitcoin
1:03:53 Data centers are moving to a demand response model, such as Google's latest deal
1:07:48 How data centers are pulling this off and what it could mean for bitcoin miners
1:12:05 How much infrastructure can you take completely off-grid?
1:18:05 Online Safety Act in the UK and KYC'ing basic internet access
1:25:56 How to solve for the need for proof of human
FOLLOW:
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0:00 PBJ is just an extension of conversations around Presidio Bitcoin, which makes this show so fun for us every week. Updates on pull ups, bowling, and DK walking 25K steps a day.
7:35 Max's request for a simple meme generator with Zaps.
9:48 How Bitchat works, the latest vibe-coded app from Jack Dorsey, and how we're using it.
15:40 Use-cases and applications of Bitchat, and how to make the user experience better.
21:19 Discussing how the mesh network of Bitchat works and the history of proximity messaging. 28:22 Proof of personhood using Nostr NIP17 with Bitchat vs. Worldcoin's approach.
33:10 Exploring payment forms and Calle's POV from Citadel Dispatch's latest episode.
38:27 Is Bitchat an app or a protocol? Exploring the mechanics and connectivity.
46:47 Achieving what Helium is pursuing without the token.
50:40 The more the old internet gets KYC'd the greater the value for tools like Nostr, Bitchat, etc.
52:45 Anonymity and design explorations for Bitchat - something to explore at Bitcoin Design Week at PB.
1:01:04 Three of the companies Max would love to fund are a marketplace for bandwidth, extension. of local bitcoins over Bitchat, infrastructure to deploy off-grid hotspots.
1:03:37 Payments without internet connection, trust-less transactions, and slapping people with fish.
1:06:28 Bitcoin backed local currencies?
1:12:09 In-kind bitcoin ETF redemptions from the SEC are now approved.
1:19:00 MicroStrategy Earnings call, Lyn Alden's question to Saylor, and STRC as the new savings account.
1:25:18 Are there risks to bitcoin if there is too much treasury company adoption?
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0:00 Music, running Baker Beach, pullups @ PB
7:09 Matt's live vibe coding demo at Builder meetup.
10:28 Vibe coding/prompting; as entertainment, Bitcoin stack, product ideas.
21:46 Builder meetup recap and future ideas, Bitcoin-based voting.
29:25 Goose; open source AI agent for coding by Block - get a grant and come work at PB!
40:42 Strategy's (MSTR) path to the most valuable company in the history of the world.
45:53 Strategy's (MSTR) STRC as a stablecoin play and implications.
50:40 Tokenization of MSTR instruments.
55:14 Stablecoin competitive landscape - Strategy checkmate move?
1:03:39 Bitcoin as a capital asset vs currency for everyday payments - vectors for capture.
1:11:58 2 year window before decentralization window closes? Centralization traps for Bitcoin holders.
1:16:24 Without use as everyday money, Bitcoin loses a lot of its long-term value? Treasury company catch-22.
1:22:12 Lightning payments increasing vs. ETFs/Treasury companies destroying demand for block space.
1:25:41 Long-term security solutions? Tail emissions from quantum vulnerable coins? Degens to the rescue?
1:31:00 Optimistic outlook on people building new things on Bitcoin
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0:00 Recapping the Quantum Bitcoin Summit at Presidio Bitcoin!
9:02 Is the 5-year quantum timeline too soon, or is it more like 15-20?
13:21 Quantum decisions that need to be made.
19:11 One simple takeaway is to not reuse addresses.
22:35 No matter the path, are we violating a right?
28:52 Discussing the hourglass proposal.
36:55 Is the recursive fear of quantum a greater risk than quantum itself?
42:51 What are these new AI companions?
56:52 Max's take on AI and mining energy convergence.
1:04:03 The big story happening in energy right now.
1:10:53 How bitcoin mining can support the buildout of the next energy grid.
1:17:09 Should we be reframing bitcoins performance from dollars to gold?
SHOWNOTES:
Bitcoin is Key to an Abundant, Clean Energy Future: https://squareup.com/us/en/press/bcei-white-paper
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0:00 Complexity research, dehydration, and road trips.
4:40 Bitcoin venture capital landscape and Ego Death's new $100 million fund.
12:12 What startups and products should be built.
17:25 Exploring products and jobs that can be built using Nostr.
21:32 Creating a list of products we want to see and bring to the monthly Builder Meeting at PB.
29:52 How compromises on centralization can change throughout the tech stack.
36:36 The Skibidi project and new phases of being culturally in-tune.
47:51 Attention spans, connectivity, and the new luxuries.
49:49 Can we make an open source version of thinking in the AI age?
1:03:55 80,000 bitcoin on the move!
1:11:55 New bitcoin attack angle brewing from Solomon Brothers?
1:18:39 Topics and questions we looking forward to answering at the Quantum Bitcoin Summit.
1:24:23 IMF blocks Pakistan to mine bitcoin.
1:27:16 Robinhood listing OpenAI stock?
SHOW NOTES:
pbquantum.com
FOLLOW:
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0:00 Pull-up bars, hanging, & news from around Presidio Bitcoin.
5:45 Recapping the first ₿uilder meetup. What we learned if you want to replicate it in your city.
20:28 Bitcoin, stablecoins, micropayments, and attention being the currency of the web.
26:05 Are the frictions from micropayments human-driven?
32:20 Does a solution already exist with Nostr and Alby?
37:00 If this is a solution, why don't credit cards exist in a browser extension in this same way today?
47:26 Why Max is so excited about an open payment system, like Bitcoin.
53:32 Is the biggest driver for bitcoin its ubiquity, where stablecoins are vast?
57:27 Building the bridges between stablecoins and bitcoin without a CEX.
1:13:02 You can now get a mortgage from Fannie Mae using your bitcoin!
1:18:20 Proving Bitcoin ownership for loans (self-custody, time locks)
FOLLOW:
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