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S16 E49: Jay Berg on Bitcoin, SidePit & Maximalism episode artwork

Oct 10, 2025 4 hr 15 min

S16 E49: Jay Berg on Bitcoin, SidePit & Maximalism

from Bitcoin Takeover Podcast Hosted by Vlad Costea

Jay Berg joined Bitcoin in 2010 and became the first person to tweet about BTCUSD when the price hit a new high of $12. In this episode, he talks about why most Bitcoiners are wrong in their recent filter debate and how SidePit aims to fix trading. Time stamps: 00:01:57 - Hot take: Maxis wrong, shitcoining new Bitcoining 00:03:00 - Bitcoin kernel: Litecoin, Ethereum, Zcash, Lightning, Liquid 00:03:23 - Bitcoin failed as P2P cash 00:04:09 - Filters vs. OP_RETURN debate 00:05:18 - Luke Dash Jr. fork prediction 00:05:45 - Original sin: No OP_CTV (BIP 119) 00:06:47 - 2017 civil war: Gavin Andresen, Mike Hearn 00:07:45 - Craig Wright conspiracy 00:08:42 - Wright intro: Bitcoin Belle, Gavin signing (2015) 00:09:32 - Debate with Nick Szabo 00:10:02 - Szabo denies Satoshi; Hal Finney, John Nash possibles 00:11:05 - Civil war apology 00:12:08 - Shitcoiner as new maxi 00:12:42 - Code over 21M meme 00:13:58 - Jay's background: Bloomberg, EURUSD 00:14:49 - 1998 digital cash, double spend 00:15:39 - Fortress HFT 00:17:03 - Bitcoin discovery (2009) 00:18:36 - BTCUSD tweets: Newberg Consulting 00:20:00 - 2010-2014 decentralized era 00:21:10 - Roger Ver adoption (2011) 00:21:30 - BitMEX on 2010 data debates 00:22:01 - OP_RETURN war: Counterparty, Omni 00:22:34 - Ethereum rise 00:23:13 - CP FUD on chain 00:23:36 - Cognitive dissonance 00:24:30 - Ethereum wars: Jimmy Song, Samson Mow 00:25:01 - Ethereum scales Bitcoin tweet 00:27:11 - Plebs control post-2017 00:28:05 - 21M changeable 00:29:06 - BIP 42: Pieter Wuille 00:30:23 - Security budget FUD 00:30:57 - Ethereum VM anti-pattern 00:32:25 - Rock-paper-scissors example 00:35:03 - MEV in DeFi 00:38:12 - Ethereum scales post-war 00:38:45 - Roger Ver buy Core attempt 00:38:52 - Luke Jr. block increase 00:39:38 - OP_CTV from no two-way peg 00:40:05 - Blocked by Adam Back 00:41:36 - Full RBF issue 00:42:10 - Sponsor: Layer2 Labs, Paul Sztorc, Drivechain (BIP 300) 00:42:35 - Sidechains: Thunder, Zside, BitAsset, EthSide 00:43:45 - Litecoin BIP 300 test 00:44:26 - Lightning not Bitcoin 00:45:44 - Sponsor: Citrea ZK rollup 00:46:02 - DeFi, Tornado Cash on Bitcoin 00:47:29 - OP_RETURN bytes need 00:50:02 - Lightning custodians 00:50:58 - Lightning as Bitcoin how? 03:26:01 - Zcash soft fork (2013) 03:26:42 - Trump Ethereum: World Liberty 03:27:50 - BIP 300, OP_CTV excitement 03:28:38 - Stubborn fork potential 03:28:49 - Stamp JPEG issue 03:29:11 - Luke Jr. denial 03:30:28 - No real JPEGs 03:32:24 - Gloria Zhao attack 03:32:54 - Matthew Kratter channel 03:33:21 - Mechanic handler theory 03:34:38 - Luke lost Bitcoin 03:35:48 - Richard Heart Hex debate 03:37:20 - Maxi used ETH 03:37:51 - Gresham's law 03:38:56 - Jason Lowery defense 03:40:31 - Naka, David Bailey 03:41:34 - Maxi cycle 03:42:23 - Cult elements 03:42:52 - Hypocrisy: Dogecoin, Litecoin 03:43:30 - Freedom Index: Monero, Zcash, Pirate, Zano, Nym 03:45:43 - Nym mixnet 03:46:44 - Zano tokens, FUSD 03:48:23 - Roger Ver Zano 03:49:40 - Saberhagen Cryptonote 03:51:55 - Alpha vs beta 03:55:10 - Ethereum leveraged BTC 03:56:21 - Opportunity 03:58:21 - Dorsey funding 03:58:51 - Renaissance or burn 03:59:30 - Number up vs fundamentals 04:00:28 - Success/failure 04:02:17 - Laszlo Pizza fear 04:03:00 - Swaps 04:03:24 - Lightning failure 04:04:30 - Platforms differences 04:05:56 - Shitcoiners new 04:07:20 - No blockchain solve? 04:08:49 - 2010-14 decentralized 04:09:40 - Mt. Gox exchanges 04:10:59 - SidePit swaps 04:11:18 - Follow: sidpit.com, JAYBNY 04:11:51 - Launch Q404:15:01 - Next: Sean Bowe Tachyon 04:15:13 - Sponsors: SideShift, Citrea, LayerTwo Labs, Bitcoin dot com News, Noones

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What this episode covers

Jay Berg joined Bitcoin in 2010 and became the first person to tweet about BTCUSD when the price hit a new high of $12. In this episode, he talks about why most Bitcoiners are wrong in their recent filter debate and how SidePit aims to fix trading.

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S16 E49: Jay Berg on Bitcoin, SidePit & Maximalism

0:00 4:15:04

Chapters

  1. 1:57 Hot take: Maxis wrong, shitcoining new Bitcoining
  2. 3:00 Bitcoin kernel: Litecoin, Ethereum, Zcash, Lightning, Liquid
  3. 3:23 Bitcoin failed as P2P cash
  4. 4:09 Filters vs. OP_RETURN debate
  5. 5:18 Luke Dash Jr. fork prediction
  6. 5:45 Original sin: No OP_CTV (BIP 119)
  7. 6:47 2017 civil war: Gavin Andresen, Mike Hearn
  8. 7:45 Craig Wright conspiracy
  9. 8:42 Wright intro: Bitcoin Belle, Gavin signing (2015)
  10. 9:32 Debate with Nick Szabo
  11. 10:02 Szabo denies Satoshi; Hal Finney, John Nash possibles
  12. 11:05 Civil war apology
  13. 12:08 Shitcoiner as new maxi
  14. 12:42 Code over 21M meme
  15. 13:58 Jay's background: Bloomberg, EURUSD
  16. 14:49 1998 digital cash, double spend
  17. 15:39 Fortress HFT
  18. 17:03 Bitcoin discovery (2009)
  19. 18:36 BTCUSD tweets: Newberg Consulting
  20. 20:00 2010-2014 decentralized era
  21. 21:10 Roger Ver adoption (2011)
  22. 21:30 BitMEX on 2010 data debates
  23. 22:01 OP_RETURN war: Counterparty, Omni
  24. 22:34 Ethereum rise
  25. 23:13 CP FUD on chain
  26. 23:36 Cognitive dissonance
  27. 24:30 Ethereum wars: Jimmy Song, Samson Mow
  28. 25:01 Ethereum scales Bitcoin tweet
  29. 27:11 Plebs control post-2017
  30. 28:05 21M changeable
  31. 29:06 BIP 42: Pieter Wuille
  32. 30:23 Security budget FUD
  33. 30:57 Ethereum VM anti-pattern
  34. 32:25 Rock-paper-scissors example
  35. 35:03 MEV in DeFi
  36. 38:12 Ethereum scales post-war
  37. 38:45 Roger Ver buy Core attempt
  38. 38:52 Luke Jr. block increase
  39. 39:38 OP_CTV from no two-way peg
  40. 40:05 Blocked by Adam Back
  41. 41:36 Full RBF issue
  42. 42:10 Sponsor: Layer2 Labs, Paul Sztorc, Drivechain (BIP 300)
  43. 42:35 Sidechains: Thunder, Zside, BitAsset, EthSide
  44. 43:45 Litecoin BIP 300 test
  45. 44:26 Lightning not Bitcoin
  46. 45:44 Sponsor: Citrea ZK rollup
  47. 46:02 DeFi, Tornado Cash on Bitcoin
  48. 47:29 OP_RETURN bytes need
  49. 50:02 Lightning custodians
  50. 50:58 Lightning as Bitcoin how?
  51. 3:26:01 Zcash soft fork (2013)
  52. 3:26:42 Trump Ethereum: World Liberty
  53. 3:27:50 BIP 300, OP_CTV excitement
  54. 3:28:38 Stubborn fork potential
  55. 3:28:49 Stamp JPEG issue
  56. 3:29:11 Luke Jr. denial
  57. 3:30:28 No real JPEGs
  58. 3:32:24 Gloria Zhao attack
  59. 3:32:54 Matthew Kratter channel
  60. 3:33:21 Mechanic handler theory
  61. 3:34:38 Luke lost Bitcoin
  62. 3:35:48 Richard Heart Hex debate
  63. 3:37:20 Maxi used ETH
  64. 3:37:51 Gresham's law
  65. 3:38:56 Jason Lowery defense
  66. 3:40:31 Naka, David Bailey
  67. 3:41:34 Maxi cycle
  68. 3:42:23 Cult elements
  69. 3:42:52 Hypocrisy: Dogecoin, Litecoin
  70. 3:43:30 Freedom Index: Monero, Zcash, Pirate, Zano, Nym
  71. 3:45:43 Nym mixnet
  72. 3:46:44 Zano tokens, FUSD
  73. 3:48:23 Roger Ver Zano
  74. 3:49:40 Saberhagen Cryptonote
  75. 3:51:55 Alpha vs beta
  76. 3:55:10 Ethereum leveraged BTC
  77. 3:56:21 Opportunity
  78. 3:58:21 Dorsey funding
  79. 3:58:51 Renaissance or burn
  80. 3:59:30 Number up vs fundamentals
  81. 4:00:28 Success/failure
  82. 4:02:17 Laszlo Pizza fear
  83. 4:03:00 Swaps
  84. 4:03:24 Lightning failure
  85. 4:04:30 Platforms differences
  86. 4:05:56 Shitcoiners new
  87. 4:07:20 No blockchain solve?
  88. 4:08:49 2010-14 decentralized
  89. 4:09:40 Mt. Gox exchanges
  90. 4:10:59 SidePit swaps
  91. 4:11:18 Follow: sidpit.com, JAYBNY
  92. 4:11:51 Launch Q404:15:01 - Next: Sean Bowe Tachyon

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This episode was published on October 10, 2025.

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