Stephan Livera Podcast

In this episode, Stephan Livera discusses with Jay & Matt the evolution of Lygos Finance, a company formed from the acquisition of Atomic Finance, focusing on decentralized lending using Discreet Log Contracts (DLCs). The conversation explores the growth of the Bitcoin collateralized lending market, the unique position of Lygos in offering non-custodial loans, and the role of Oracles in determining loan outcomes. The hosts delve into the flexible loan terms and competitive interest rates offered by Lygos, as well as the platform's global reach and future developments in user experience and funding mechanisms.
Takeaways:
🔸The merger of Atomic Finance and Lygos and its significance for DLC lending
🔸How DLCs work in a lending context: simplified signatures and outcomes
🔸Advantages of DLCs over traditional custodial lending platforms
🔸The role of oracles: Magnolia as a third-party verifier
🔸Speed improvements with adapter signatures and upcoming hardware wallet support
🔸Market size and growth of Bitcoin collateralized loans (over $25 billion)
🔸Comparison of DLCs versus custodial and multi-sig lending solutions
🔸Extending and rolling over DLC loans seamlessly
🔸UX considerations: transparency, privacy, and future seamless fiat/stablecoin onboarding
🔸Potential impacts of future Bitcoin upgrades like Taproot or Covenant support
🔸How DLCs support global, trust-minimized, and scalable lending
Timestamps:
(00:00) - Intro
(00:40) - From Atomic Finance to Lygos Finance 
(04:02) - What is the size of the Bitcoin lending market? 
(05:33) - Unique position of Lygos in the DLC space; Requirements for DLCs by hardware wallets
(08:20) - What is a DLC?; How does DLC work in the Bitcoin loan context?  
(12:49) - How is Lygos different from other Bitcoin lending platforms? 
(16:44) - What is the role of an oracle in Lygos? 
(20:53) - What does taking a loan with Lygos look like?; Loan terms, interest rates & collateral requirements 
(32:10) - Global reach of Lygos; How are the loans funded? 
(35:33) - Is UX a major factor in developing Lygos? 
(40:02) - Possibility of future Bitcoin upgrades and their impact on DLCs
(44:48) - Closing thoughts 
Links: 
https://x.com/matthewjablack 

https://x.com/LygosFinance 

https://www.lygos.finance/ 

Stephan Livera links:
Follow me on X: @stephanlivera

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I was joined by Peter Schiff, Piero Coen, Skot at Plan B Elsalvador as we discussed Gold vs Bitcoin, AI & a multipolar world, Bitcoin as freedom money for Latinos and open-source mining decentralizing Bitcoin.
Takeaways:
🔸Bitcoin and gold are often compared as stores of value.
🔸Recent market movements have raised questions about the stability of gold and silver.
🔸Central banks are increasingly buying gold, indicating a shift in demand.
🔸The US dollar's status as a reserve currency is being challenged.
🔸AI has potential to increase productivity but may not solve economic issues.
🔸Peter Schiff remains skeptical about Bitcoin's long-term value.
🔸Wall Street's involvement has influenced Bitcoin's popularity.
🔸Bitcoin requires continuous new buyers to maintain its value.
🔸The transition to Bitcoin-only solutions is gaining traction.
🔸Building local exchanges is crucial for Bitcoin adoption in Central America.
Timestamps:
(00:00) - Gold vs Bitcoin ft.Peter Schiff
(28:30) - Bitcoin breaks banking exclusion for Latinos ft. Piero Coen
(58:50) - Open-source Bitcoin mining ft. Skot
Links: 
https://x.com/PlanBElsalvador 

https://x.com/PeterSchiff 

https://x.com/piero_coen 

https://x.com/osmo_money 

https://x.com/skot9000 

Stephan Livera links:
Follow me on X: @stephanlivera

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In this episode, the discussion revolves around Breez's innovative SDK and its nodeless implementation, which simplifies the integration of Bitcoin and Lightning into applications. The guests share their experiences from the ‘Time to Build’ challenge, highlighting the ease of use and the potential for new applications in the Bitcoin ecosystem. Brianna discusses her social events platform, Evento, and how it leverages the Breez SDK to facilitate peer-to-peer value exchange. Aljaz shares insights on developing a BTC Pay plugin that enhances payment processing without the need for a full Lightning node. The conversation also touches on user experience design, the role of vibe coding in development, and the growing excitement around Bitcoin and Layer 2 solutions.
Takeaways:
🔸Breez SDK simplifies Bitcoin integration for developers.
🔸Evento aims to create a fair events platform without high fees.
🔸Breez's node-less implementation reduces complexity for users.
🔸User experience is crucial for onboarding non-Bitcoiners.
🔸Vibe coding allows for rapid development and experimentation.
🔸Brianna emphasizes the importance of user feedback in design.
🔸Aljaz's BTC Pay plugin streamlines payment processing.
🔸Liquid and Spark offer different trade-offs for developers.
🔸The Bitcoin ecosystem is seeing renewed interest and innovation.
🔸The future of Bitcoin payments looks promising with new tools. 
Timestamps:
(00:00) - Intro
(01:04) - Overview of ‘Time to Build’ challenge
(02:07) - What is Breez Nodeless SDK?
(03:09) - Brianna’s experience of building Evento using Breez SDK
(09:02) - Aljaz’s BTCPay Server plugin
(12:48) - How does Aljaz’s BTCPay plugin help the end user? 
(16:00) - What does implementing the plugin unlock? 
(19:23) - Vibe coding Bitcoin payments with Breez SDK
(21:30) - AI, MCP and documentation
(24:54) - UX and design considerations for Evento
(29:47) - Evento wallet 
(34:07) - Comparing Liquid & Spark implementations
(35:23) - Excitement around Bitcoin and L2 developments
(41:14) - Closing thoughts 
Links: 
Brianna: https://x.com/briimhd 

Danny: https://x.com/dannystagg

Aljaz: https://x.com/aaaljaz  

Evento: https://x.com/evento_so 

Breez: https://x.com/breez_tech 

Aljaz site: https://disobey.dev/ 

Stephan Livera links:
Follow me on X: @stephanlivera

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In this conversation, Stephan Livera and Jonas Nick discuss the implications of quantum computing on Bitcoin's security, focusing on the risks posed to cryptographic signatures. They explore the current vulnerabilities in Bitcoin, the potential for quantum attacks, and the need for post-quantum cryptographic solutions. The discussion covers various signature schemes, including hash-based signatures, their trade-offs, and the challenges of transitioning to a quantum-resistant Bitcoin. They also touch on the implications for hardware wallets, multi-signature schemes, and the potential need for block size increases to accommodate new signature sizes.
Takeaways:
🔸Quantum computers pose a real risk to Bitcoin's cryptography.
🔸Current Bitcoin signatures are vulnerable to long-range attacks.
🔸Hash-based signatures are significantly larger than current signatures.
🔸Transitioning to quantum resistance will require careful planning.
🔸The Bitcoin community must reach a consensus on new schemes.
🔸Verification costs will increase with new signature schemes.
🔸Hardware wallets will need to adapt to new signature requirements.
🔸Block size discussions may need to be revisited in light of quantum risks.
🔸The timeline for quantum computing advancements is uncertain.
🔸A gradual transition to quantum resistance may be necessary. 
Timestamps:
(00:00) - Intro
(01:49) - How real is quantum risk to Bitcoin?
(04:39) - When could quantum pose a threat to Bitcoin’s cryptography? 
(09:56) - Long range vs Short range attacks
(12:37) - How many coins are vulnerable to Long range attacks?
(14:12) - Different types of cryptography and exploring Hash-based signature schemes
(17:00) - Categories of Hash-based signature scheme and their pros & cons
(23:42) - How do Hash-based signatures work? 
(32:14) - Would Lightning, Multi-sig, Taproot, Silent Payments, Atomic swaps work in a post-quantum world? 
(38:50) - What are Adaptor signatures & how do they affect atomic swapping? 
(41:27) - Will we need new Bitcoin hardware wallets?; Signature production & verification 
(44:41) - Signature size and Bitcoin block capacity implications
(46:52) - Should we revisit the block size conversation? 
(54:57) - Overview of SPHINCS+ & SHRINCS
(59:49) - Transitioning to post-quantum signature schemes; Overview of BIP 360
(1:09:06) - Closing thoughts
Links: 
https://x.com/n1ckler 

Stephan Livera links:
Follow me on X: @stephanlivera

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In this conversation, Arnab Naskar from Stokr discusses the intersection of Bitcoin, tokenization, and capital markets. He explains how Bitcoin serves as both a store of value and a settlement layer, enabling the creation of decentralized financial systems. The discussion covers the advantages of using Liquid for tokenization, the importance of confidentiality in transactions, and the innovative financing opportunities in energy and Bitcoin mining. Arnab emphasizes the systemic shift in financial markets due to tokenization, the role of stablecoins, and the future of decentralized finance on Liquid.
Takeaways:
🔸Bitcoin serves as a store of value and a settlement layer.
🔸Stokr focuses on tokenizing financial assets on Liquid.
🔸Liquid offers confidentiality and stability for tokenized assets.
🔸Tokenization can reduce the need for intermediaries in finance.
🔸The market for tokenized securities is rapidly growing.
🔸Energy infrastructure financing is a key area for innovation.
🔸Tokenization opens up investment opportunities globally.
🔸Users can trade tokenized assets seamlessly on Liquid.
🔸The future of finance will involve both DEXs and centralized exchanges.
🔸Tokenization represents a systemic shift in capital markets.
Timestamps:
(00:00) - Intro
(00:59) - Who is Arnab and what is Stokr? 
(02:29) - Isn’t Bitcoin enough? 
(04:44) - How and why is Stokr different?; The importance of Liquid Network 
(08:35) - How does Liquid compete with other chains for tokenization of assets? 
(11:54) - What is CMSTR?
(15:01) - Does Stokr help finance SMEs & traditional businesses?
(18:23) - What is Blockstream Mining Note (BMN)? 
(24:34) - Trust minimising the ownership of securities; Whitelisting process 
(28:57) - How big is Liquid Network? How does it fare compared to other asset platforms? 
(33:43) - Who are the customers of Stokr’s tokenized products? 
(37:34) - What does the interface between Stokr and the end user look like?; The @Blockstream edge
(46:11) - Is TradFi embracing tokenization of assets?; Will Bitcoin be the base layer for tokenization?
(56:25) - Closing thoughts 
Links: 
https://x.com/Arnab_Naskarr 

https://x.com/stokr_io 

https://blog.liquid.net/cmstr-note-tokenizing-public-stock-on-liquid/

https://mining.blockstream.com/finance/bmn/  

Stephan Livera links:
Follow me on X: @stephanlivera

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