Uploaded November 2025 | Updated September 2026, 1 week ago
The U.S. shutdown has sidelined a trillion dollars, starving markets and Bitcoin alike. Whales are having their IPO moment, treasury stacks are shrinking, and now BIP-444 drops a fresh dose of chaos into the mix.
Episode Links
• 🇺🇸 Buy Sats on River (partner.river.com/jupiter) - The best way to stack in the US
• 🇨🇦 The Bitcoin Well (bitcoinwell.com/jupiter) - An amazing automatic self-custody Bitcoin platform
• ⚡ The Bitcoin Company (app.thebitcoincompany.com/signup?ref=JUPITER) - Spending your Bitcoin Via Lightning
• 🏦 Fold Card (use.foldapp.com/r/XNHPXTFC) - Pay bills Stack Sats
• 💵 SALT Lending (borrower.saltlending.com/register?referralCode=GkPQdbqWG) - Get access to your BTC Value w/out Selling
Show Notes
• Tomas on X: "OK, lots of bad takes on X over the past few days. (https://x.com/TomasOnMarkets/status/1985737698158788882)
• How Bitcoin Liquidity Has Been Affected by the Government Shutdown - Decrypt (decrypt.co/347308/bitcoin-liquidity-government-shutdown)
• Bitcoin’s Silent IPO: Why This Consolidation Isn’t What You Think (visserlabs.substack.com/p/bitcoins-silent-ipo-why-this-consolidation)
• The Truth About Why Bitcoin Isn’t Exploding (Yet) - YouTube (youtube.com/watch?v=Pry8GotwAeA)
• Ted on X: "This isn’t a good sign. 🚨 That’s the second Treasury company I’ve seen selling (https://x.com/tedpillows/status/1983276376930312609?s=12&t=E9EIlRX-vHxbQ8g23lQU3A)
• Cory 🦢 Bitcoin @ (https://x.com/coryklippsten/status/1985827584073220374) Swan.com (http://Swan.com) on X: Was too leveraged, at nearly 50%. In the initial raise, there was supposed to be significantly more in the PIPE, but at close it was $195M of equity, $189M of debt. Much more flexibility at lower leverage, eg for buybacks." (https://x.com/coryklippsten/status/1985827584073220374)
• Could the AI bubble pop? - YouTube (youtube.com/watch?v=T-26Zv7pVW8)
• BIP-444 Explained: The Bitcoin Soft Fork Proposal Dividing Developers and the Community (finance.yahoo.com/news/bip-444-explained-bitcoin-soft-090206116.html)
• Reduced Data Temporary Softfork by dathonohm · Pull Request #2017 · bitcoin/bips (github.com/bitcoin/bips/pull/2017)
• The BIP 444 proposal is incredibly bad (https://x.com/BitMEXResearch/status/1982544076672250078)
• Luke Dashjr on X: if someone mines CSAM, BIP 444 will activate to reject that block. The only way technically to then reject BIP 444 is to add a checkpoint pinning the CSAM in the chain" (https://x.com/lukedashjr/status/1983294294388838477)
• My Video on BIP-444: Ok, WTF Is going on with BIP-444? I (primal.net/e/nevent1qqsq7qq4rrsknjs6r2qlwnc0qn8c04p9p7zchhfd45q2kd7q9dmkr8ghc8gzd)
Music
• Kick It - By: Caroline Hale (podcastindex.org/podcast/7294943)
The U.S. shutdown has sidelined a trillion dollars, starving markets and Bitcoin alike. Whales are having their IPO moment, treasury stacks are shrinking, and now BIP-444 drops a fresh dose of chaos into the mix.
Episode Links
• 🇺🇸 Buy Sats on River (partner.river.com/jupiter) - The best way to stack in the US
• 🇨🇦 The Bitcoin Well (bitcoinwell.com/jupiter) - An amazing automatic self-custody Bitcoin platform
• ⚡ The Bitcoin Company (app.thebitcoincompany.com/signup?ref=JUPITER) - Spending your Bitcoin Via Lightning
• 🏦 Fold Card (use.foldapp.com/r/XNHPXTFC) - Pay bills Stack Sats
• 💵 SALT Lending (borrower.saltlending.com/register?referralCode=GkPQdbqWG) - Get access to your BTC Value w/out Selling
Show Notes
• Tomas on X: "OK, lots of bad takes on X over the past few days. (https://x.com/TomasOnMarkets/status/1985737698158788882)
• How Bitcoin Liquidity Has Been Affected by the Government Shutdown - Decrypt (decrypt.co/347308/bitcoin-liquidity-government-shutdown)
• Bitcoin’s Silent IPO: Why This Consolidation Isn’t What You Think (visserlabs.substack.com/p/bitcoins-silent-ipo-why-this-consolidation)
• The Truth About Why Bitcoin Isn’t Exploding (Yet) - YouTube (youtube.com/watch?v=Pry8GotwAeA)
• Ted on X: "This isn’t a good sign. 🚨 That’s the second Treasury company I’ve seen selling (https://x.com/tedpillows/status/1983276376930312609?s=12&t=E9EIlRX-vHxbQ8g23lQU3A)
• Cory 🦢 Bitcoin @ (https://x.com/coryklippsten/status/1985827584073220374) Swan.com (http://Swan.com) on X: Was too leveraged, at nearly 50%. In the initial raise, there was supposed to be significantly more in the PIPE, but at close it was $195M of equity, $189M of debt. Much more flexibility at lower leverage, eg for buybacks." (https://x.com/coryklippsten/status/1985827584073220374)
• Could the AI bubble pop? - YouTube (youtube.com/watch?v=T-26Zv7pVW8)
• BIP-444 Explained: The Bitcoin Soft Fork Proposal Dividing Developers and the Community (finance.yahoo.com/news/bip-444-explained-bitcoin-soft-090206116.html)
• Reduced Data Temporary Softfork by dathonohm · Pull Request #2017 · bitcoin/bips (github.com/bitcoin/bips/pull/2017)
• The BIP 444 proposal is incredibly bad (https://x.com/BitMEXResearch/status/1982544076672250078)
• Luke Dashjr on X: if someone mines CSAM, BIP 444 will activate to reject that block. The only way technically to then reject BIP 444 is to add a checkpoint pinning the CSAM in the chain" (https://x.com/lukedashjr/status/1983294294388838477)
• My Video on BIP-444: Ok, WTF Is going on with BIP-444? I (primal.net/e/nevent1qqsq7qq4rrsknjs6r2qlwnc0qn8c04p9p7zchhfd45q2kd7q9dmkr8ghc8gzd)
Music
• Kick It - By: Caroline Hale (podcastindex.org/podcast/7294943)
