Self Custody Is Not Dead with Stacie Waleyko

Self Custody Is Not Dead with Stacie Waleyko

In this episode, Demian welcomes back Stacie Waleyko, a bitcoin developer with the Bitcoin Dev Project, on the Coldcard entropy vulnerability and the ongoing theft of funds. Stacie explains how hardware wallets are supposed to source randomness, why affected devices fell back to a weaker software path, and why anyone with funds from a post-2021 Coldcard should move them now. She covers the suspicion that attackers used an open weight model to grind through the reduced key space, how a licensing switch removed the Trezor library that had worked, and why she now points people toward multi-vendor multisig. They also get into covenants and why she argues self custody is not dead. The Bitcoin Layer and its guests do not provide investment advice.

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Episoder(289)

Russia Is Now Legalizing Bitcoin for Trade with Joe Consorti

Russia Is Now Legalizing Bitcoin for Trade with Joe Consorti

In this episode, Demian welcomes back Joe Consorti for a conversation on the Clarity Act and what it means for bitcoin. Joe explains the bill's three buckets, how it would separate commodities from se...

11 Aug 34min

Why Jack Mallers Walked Away From Twenty One

Why Jack Mallers Walked Away From Twenty One

In this episode, Nik welcomes Jack Mallers, founder and CEO of Strike, for a conversation on his exit from Twenty One. Jack describes the guilt and humility of stepping away from a company whose visio...

5 Aug 39min

Tracing the Stolen Coldcard Bitcoin w/ Galaxy's Alex Thorn

Tracing the Stolen Coldcard Bitcoin w/ Galaxy's Alex Thorn

In this episode, Nik welcomes back Alex Thorn of Galaxy Research on the Coldcard key generation vulnerability and the theft that followed. Alex explains how a March 17, 2021 firmware change left the d...

3 Aug 43min

Coldcard Wallet Hack: What Happened and What to Do Now

Coldcard Wallet Hack: What Happened and What to Do Now

In this episode, Nik and TBL's Demian Schatt cover a breaking security situation: a seed-generation vulnerability in Coldcard hardware wallets that has exposed some bitcoiners to theft, with reports o...

31 Jul 25min

Kevin Warsh Just Blew Up How the Fed Works

Kevin Warsh Just Blew Up How the Fed Works

In this Global Macro Update, Nik covers today's FOMC decision and Kevin Warsh's press conference, where the new Fed chair reaffirmed the 2% inflation target as a firm goal and made clear he is steerin...

29 Jul 33min

The Great Unwinding Wall Street Isn’t Pricing In with Matt Dines

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In this episode, Nik welcomes back Matt Dines to lay out his thesis that the global order built after World War Two is being reset. Matt walks through the signals he is watching: the Kuwaiti pipeline ...

28 Jul 1h 10min

The $45,000 Bitcoin Everyone Fears Is Getting Less Likely

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In this episode, Nik walks through the latest bitcoin research from Johan Bergman, head of bitcoin research at The Bitcoin Layer, using the charts inside TBL Pulse. He explains Johan's state grid, whi...

22 Jul 51min

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