Show notes
Mike Schmidt, who funds core developers through Brink and runs the Bitcoin Security Consortium's quantum work, explains why Bitcoin Core skipped version 32 for 32.1 after an AI scanner caught a medium-severity bug, and why the BIP110 fight turned on the difference between consensus and policy. TC reads the day's difficulty adjustment, set to jump close to 6% for the second time in two weeks, as proof miners are not bearish. Wicked explains why he is leaving multisig behind now that EntropyLab can verify a hardware wallet before it signs. Dave Weisberger argues AI is about to expose every crack in digital finance, passkeys or not.Loren and Terence host Bitcoin Today live on X, weekdays at 8:30 AM PT.X: @lorenhodlChapters:0:00:00.00 Opening banter, Mike joins the stage0:01:25.56 $17.7M says Bitcoin never tops its high0:02:20.48 Difficulty adjustment day, near 6%0:04:07.02 TC: miners are not bearish at all0:05:01.32 Public miners exit to AI, solo miners rise0:08:37.46 Natalie asks: are difficulty highs bullish?0:10:53.08 Water heaters are mining Bitcoin now0:11:34.90 Meet Mike Schmidt, Core's inside guy0:13:01.00 Mike: Optech, Brink, quantum break-glass0:14:52.30 Quantum has two fronts: inform and fund0:15:49.06 Lorenzo: quantum FUD cries sky is falling0:17:24.40 FUD recycles: quantum, AI, wallet hacks0:19:18.42 One fake phone call stole 185 Bitcoin0:19:48.28 Terence: guard every account you own0:21:11.54 Dave: send a test transaction first0:23:46.06 Dave: AI shows all the cracks in security0:26:50.14 Dave: TradFi only talks about AI now0:28:31.56 Mike: two levers, FOMO and a scary event0:30:26.88 Mr HODL: AI pays its bills in dollars0:31:44.08 Terence: nobody wants to spend Bitcoin0:33:05.46 What is big Bitcoin?0:34:22.04 Mike: the donors are not pulling strings0:37:23.82 Asanoha: big Bitcoin is real, like pharma0:39:28.02 Lorenzo presses Asanoha on BIP1100:41:01.26 Mike: never give the consortium one voice0:43:38.60 Lorenzo: has your BIP110 view changed?0:47:00.22 Asanoha: 715 Core fixes make better money0:50:05.94 Consensus is not policy, Taproot was last0:51:01.40 Mike: permissionless means users you dislike0:56:23.96 Lorenzo: the mudslinging was the saddest part0:59:04.45 TC: use it daily, it just works1:01:27.66 Mike: misunderstanding fueled the attacks1:03:47.14 Mike: fight about quantum, but fight better1:05:45.28 Timechain Art Magazine opens pre-orders1:07:02.88 Core skipped 32: an LLM found the bug1:13:48.74 Dom drops a vibe-coded project1:14:23.82 Watch Duty and the fire map tangent1:18:02.74 Wicked: the hack made me redo my setup1:22:52.78 Multisig was a stopgap all along1:29:08.54 Import the WIF, not the whole seed1:31:58.30 Mr HODL: a WIF in a wallet is hot1:34:51.80 Seed words physical, wallet.dat digital1:37:17.18 Dice rolls changed the words live1:40:13.18 Terence: most people need a 2-of-31:46:11.52 Two companies can hold two keys1:47:38.30 EntropyLab checks the PSBT for you1:52:50.72 Mr HODL: go play with it, offline1:53:17.10 Around the horn, closing the showSegment: https://youtu.be/L7GMwS2ySK4
