Show notes
dotoshy and Joe Carlasare say the Binance story is not finished: outflows have passed $7 billion since withdrawals reopened, CZ is publicly denying that Binance borrowed money, sold assets, or raised capital to fill a $6 billion hole, and accounts holding $100 million or more still cannot withdraw while smaller accounts get out. Terence Michael explains why a snapshot of coins is not a proof of reserves, and what a real one would have to show. Fred Krueger runs the recovery math, Matt McDonagh argues the biggest hack in history inoculated Bitcoin, and Darkside breaks down Strategy's new 8-K: $164 million of stock sold, 811 bitcoin bought, and $208 million of STRC preferred bought back. Plus Scott Wolfe on El Salvador, a plan for a Bitcoin museum in Santa Monica, and Joe Carlasare on prediction markets and the gamblers they eat.Loren and Terence host Bitcoin Today live on X, weekdays at 8:30 AM PT.YouTube: https://youtube.com/@lorenhodlX: @lorenhodl @ProofOfMoney @dotkrueger @JoeCarlasare @dotoshyChapters:0:00:00.54 Opening: X changed the audience order0:00:48.86 Calacanis named Grant, Fred, Terence0:01:55.36 Fred: Binance replaced 95 percent0:02:53.88 Proof of reserves should be standard0:03:59.20 Hot versus cold: what cold really means0:05:29.14 BlueWallet: 100 gift wallets, zero lost0:06:34.32 Grant returns: the million dollar bet0:09:39.00 Matt: the hack inoculated Bitcoin0:11:00.02 Daniel: the 5 percent tip, hack fatigue0:12:24.20 Joe Nakamoto versus El Salvador0:13:36.60 Mars: I only cheerlead for America0:15:33.20 Scott: Bitcoin is a voluntary money0:25:05.21 Jason sells millions, will not bet0:25:47.59 A bigger attack, and Europe is freezing0:26:58.95 The airplane photo in the nest0:30:58.78 BIP110: how do you unstack fork coins0:33:59.08 Told Bitcoin Cash was the real Bitcoin0:34:36.24 Break a rule, you made a new coin0:38:00.04 Terence: a snapshot is not proof0:39:25.82 Loren: are the pockets that deep?0:45:08.52 White paper day at Steak and Shake0:46:43.96 Chances ETH transfers reverse: zero0:48:42.10 Hackers are stuck with 15,000 Bitcoin0:51:47.46 Plan for the worst case, every angle0:54:07.28 Physical cold storage is hacked too0:57:54.42 A Bitcoin library meetup in WeHo0:59:47.34 Georgia shelves empty before midterms1:01:08.06 How much is timed for the midterms1:02:37.28 Library, gallery, or museum of money1:05:35.18 Arizona skips daylight saving time1:08:38.01 Shopping for a museum for the shark1:13:51.29 Would the museum include BIP1101:15:13.92 Darkside: Strategy sold $164M of stock1:16:16.70 Fred: amplification is calibration now1:18:19.28 Put it all in one Strategy ticker1:21:49.20 The squawk box nuclear question1:23:51.58 Or just buy Bitcoin, self custody1:24:47.08 Joe arrives to the end of the world1:28:42.96 Boomers hold 60 percent of the wealth1:30:56.88 He lost $2M and his wedding money1:33:07.34 Ban the lottery while we are at it1:35:10.96 Polymarket shows you the whole book1:38:13.16 Schwab makes you prove competence1:41:15.46 dotoshy and Joe: $100M accounts cannot withdraw1:44:34.94 Loren: Joe scared everybody, fairly1:46:24.64 Betting on hacks at four to one1:48:00.08 Campaign cash moves prediction odds1:51:00.28 Around the horn: Terence runs to books1:51:40.76 Thomas: guardrails versus free choice1:52:33.80 Keep dry powder dry for the chaos1:54:36.10 Darkside does Dylan on chaos1:55:26.22 Dentist Wednesday, maybe swap a day1:56:35.12 Closing tape: 1929 crash, Nixon, Bitcoin
