122: Weakest Links

The legacy system is breaking down as Bitcoin infrastructure builds up. From bond-market stress to Liquid’s 4,000 BTC crisis, the weakest links are showing. Episode Links 🎉 Boost from the Web 🇺🇸 Buy Sats on River - The best way to stack in the US 🇨🇦 The Bitcoin Well - An amazing automatic self-custody Bitcoin platform 💳 The Bitcoin Company - Spending your Bitcoin Via Lightning 🏦 Fold Card - Pay bills Stack Sats 💵 SALT Lending - Get access to your BTC Value w/out Selling ⚡ Strike - Ultra-low fees, high trading limits, and easy loans. Show Notes Liquid Network Exploit Drains 4,000 BTC From Federation Reserves Liquid Network Hit by $320 Million Exploit Liquid Rangeproof Bug: Nobody Broke the Math Liquid Network Incident Technical Report Elements Fixes Rangeproof Cache Validation Bug Liquid Incident Working Theory Block Applies to Establish Builders Bank Block Seeks Bank Charter to Custody Bitcoin Bitcoin’s Overlooked Promise: Freedom Dan Morehead Says Bitcoin Will Massively Outperform Gold Failed Bond-Market Move Lights a Fire Under Bitcoin Dan Morehead Calls Bessent’s Bond Buyback a Mistake The 60/40 Portfolio and a Changing Monetary System Bond-Market Stress Spooks Investors Global Investors Sound the Alarm on Debt What Would a Fiscal Crisis Look Like? Warsh and Bessent Clash Over the Fed and Bond Market