Show notes
Attorney Joe Carlasare argues proof of reserves proves nothing about a Bitcoin treasury company's solvency, because FTX showed addresses for Bitcoin it never had. Fred Krueger runs the math on a Tesla-SpaceX merger putting 30,000 BTC on one balance sheet, Matt McDonagh maps the three portals driving adoption, and Tomer Strolight explains why hash rate follows price instead of leading it.Loren and Terence host Bitcoin Today live on X, weekdays at 8:30 AM PT.X: @lorenhodl and @proofofmoney00:00 Bitcoin Today, Oct 21 lineup04:40 Fred: digital credit is a sideshow07:48 How much buying gets Bitcoin to $1M?08:40 Tesla-SpaceX merger: 30,000 BTC15:32 Proof of reserves: the debate opens19:23 FTX showed reserves it never had20:45 Joe: only a full audit proves solvency23:26 Enough negativity, get bullish24:09 Bitcoin $300K to $400K in 18 months29:30 Slow your roll on the power law31:52 Triple-entry bookkeeping changes audits33:20 Matt: three portals drive adoption35:50 AI agents will choose Bitcoin36:34 Shadow banking runs on handshakes37:40 Are LLMs eating Google search?39:42 Bitcoin takes patience, not euphoria44:41 The world is hooked on fixed income46:07 PHP flaw put millions of sites at risk1:02:13 A hacked site can steal your data1:15:07 A live lesson in mining difficulty1:19:31 Difficulty adjusts so no one takes over1:20:54 Tomer: difficulty cuts both ways1:26:24 20+ power laws surround Bitcoin1:30:30 Mining cost tends to equal price1:32:02 Hash rate follows price, not reverse1:38:15 Tomorrow: onboarding, scams, adoption1:51:34 Companies can sign to prove reserves1:52:11 Tomer: proof of assets beats claims1:59:03 Treasury companies down 87% to 90%



