"My problem with the core side has been what we talked about with the people that are technical and don't have the empathy or understand what it was like before you were [technical]. The core people are so dismissive and the hubris is so high that they dismiss these people that are not technical but understand Bitcoin as money right.

"I always say, like my Twitter phrase, Bitcoin is not open source software. Obviously that doesn't mean it's not open source, it's just so much more than that. It's not just a piece of software, it is money."

~ Praveen Perera

Managing private keys remains one of the steepest learning curves for new Bitcoiners. How do we get people off exchanges and into self-custody without the terrifying risk of user error?

I sit down with Praveen Perera, the builder behind Cove Wallet, to talk about his unique approach to simplified backups using Passkeys and encrypted cloud storage. We discuss the philosophy of building focused, single-purpose tools versus the 'super app' trend, and dig into the technical trade-offs of his architecture.

We also wander into the implications of 'vibe coding' with AI, the contentious debates around network spam, and why maintaining a diverse ecosystem of wallet implementations might be crucial for Bitcoin's resilience.

Check out our awesome sponsors!

• Ledn: Need fiat but don’t want to sell your Bitcoin? Ledn offers secure, Bitcoin-backed loans with no credit checks, flexible repayment, and fast turnaround—often within 24 hours. With $10B+ in loans across 100+ countries and transparent Proof of Reserves, Ledn is a trusted option for unlocking liquidity without giving up your Bitcoin. (Link: https://learn.ledn.io/audible)
• HRF: The Human Rights Foundation is a nonpartisan, nonprofit organization that promotes and protects human rights globally, with a focus on closed societies. Subscribe to HRF's Financial Freedom Newsletter today. (Link: https://mailchi.mp/hrf.org/financial-freedom-newsletter)
• OFF: The Oslo Freedom Forum is a global human rights event by the Human Rights Foundation (HRF), uniting voices from activism, journalism, tech, and beyond. Through powerful stories and collaboration, OFF advances freedom and human potential worldwide. Join us next June. (Link: https://oslofreedomforum.com/)
• Pubky: Pubky is building the next web, a decentralized system designed to put control back in your hands. Escape censorship, algorithmic manipulation, and walled gardens by owning your identity and data. Explore the Pubky web and become the algorithm today. Don't forget to find me on my Pubky ID here: pk:5d7thwzkxx5mz6gk1f19wfyykr6nrwzaxri3io7ahejg1z74qngo. (Link: https://pubky.org)
• Chroma: Chroma is dedicated to advancing human performance and well-being through cutting-edge light therapy devices and performance eyewear. Their mission is to enhance physical and mental health, unlocking peak human health, cognitive function, and physical performance. Get 10% off your order with the code BITCOINAUDIBLE. (Link: https://getchroma.co/?ref=BitcoinAudible)

Guest Links

• Praveen on X (Link: https://x.com/PraveenPerera)
• Cove Wallet on X (Link: https://x.com/covewallet)
• Cove Wallet Website (Link: https://covebitcoinwallet.com/)
• Cove Wallet on Github (Link: https://github.com/bit...

"Today's the day."

~ Mel Fisher

Why does a reinsurance company's annual letter get me this fired up? Ross Stevens weaves together treasure hunting, Bayesian statistics, and the raw reality of Bitcoin as a human rights tool - culminating in a voice message from Nobel Prize winner Maria Karina Machado that moved him to tears. In my rant, I unpack why optimism isn't woo-woo, it's basic logic - and why waiting for certainty before believing in your own success is a guaranteed path to failure.

Check out the original article: Stone Ridge 2025 Investor Letter (Link: https://www.nydig.com/research/stone-ridge-2025-investor-letter)

References from the episode

• The Adaptability Quotient by Alec Litowitz - The forthcoming field guide for success mentioned in the letter.
• Wired for Story and Story Genius by Lisa Cron - My favorite books on what storytelling actually is. (Hint: it's not the plot!) (Link: http://wiredforstory.com/books)
• Fascinate: How to Make your Brand Impossible to Resist by Sally Hogshead - Fantastic on branding and narrative. (Link: https://a.co/d/5H1FJUy)
• Save the Cat by Blake Snyder - Useful for story pacing, but to be paired with Kill the Dog for balance.
  (Link: https://a.co/d/a1rp6Lc)
• Longitude by Dava Sobel (Link: https://en.wikipedia.org/wiki/Longitude_(book))
• The Human Rights Foundation (Link: https://hrf.org/)
• HRF Weekly Financial Freedom Reports (Link: https://hrf.org/newsletters/)

Host Links

⁠Guy on Nostr ⁠(Link: http://tinyurl.com/2xc96ney)

• ⁠Guy on X ⁠(Link: https://twitter.com/theguyswann)
• Guy on Instagram (Link: https://www.instagram.com/theguyswann)
• Guy on TikTok (Link: https://www.tiktok.com/@theguyswann)
• Guy on YouTube (Link: https://www.youtube.com/@theguyswann)
• ⁠Bitcoin Audible on X⁠ (Link: https://twitter.com/BitcoinAudible)
• The Guy Swann Network Broadcast Room on Keet (Link: https://tinyurl.com/3na6v839)

Check out our awesome sponsors!

• Ledn: Need fiat but don’t want to sell your Bitcoin? Ledn offers secure, Bitcoin-backed loans with no credit checks, flexible repayment, and fast turnaround—often within 24 hours. With $10B+ in loans across 100+ countries and transparent Proof of Reserves, Ledn is a trusted option for unlocking liquidity without...

In this episode, I’m joined by Simple Steve, Bitcoin Mechanic, and Jeff Swann for a year-end roundtable that starts with the Samourai Wallet case, spirals into quantum fears, and keeps coming back to the same question - how do you build freedom tech without painting a target on your back?

We dig into CoinJoin, coordinators, and why privacy tools can suddenly become "hostile activity" when the state decides it wants a villain. What happens when spam wars collide with soft fork politics, mempool policy, and proposals like BIP-110 and “the CAT”? If governments are openly pushing CBDCs while quietly leaning on miners, what does censorship resistance actually mean when only a handful of entities build most blocks?

Along the way we hit the UK’s escalating crackdowns (including the direction things are heading for jury trials), the weird incentives and contradictions in the “confiscation” arguments, and why the sly roundabout way might be the only way that wins long-term. It’s a little chaotic, a little salty, and exactly the kind of conversation I want on the last roundtable of 2025.

Check out our awesome sponsors!

• Ledn: Need fiat but don’t want to sell your Bitcoin? Ledn offers secure, Bitcoin-backed loans with no credit checks, flexible repayment, and fast turnaround—often within 24 hours. With $10B+ in loans across 100+ countries and transparent Proof of Reserves, Ledn is a trusted option for unlocking liquidity without giving up your Bitcoin. (Link: https://learn.ledn.io/audible)
• HRF: The Human Rights Foundation is a nonpartisan, nonprofit organization that promotes and protects human rights globally, with a focus on closed societies. Subscribe to HRF's Financial Freedom Newsletter today. (Link: https://mailchi.mp/hrf.org/financial-freedom-newsletter)
• OFF: The Oslo Freedom Forum is a global human rights event by the Human Rights Foundation (HRF), uniting voices from activism, journalism, tech, and beyond. Through powerful stories and collaboration, OFF advances freedom and human potential worldwide. Join us next June. (Link: https://oslofreedomforum.com/)
• Pubky: Pubky is building the next web, a decentralized system designed to put control back in your hands. Escape censorship, algorithmic manipulation, and walled gardens by owning your identity and data. Explore the Pubky web and become the algorithm today. Don't forget to find me on my Pubky ID here: pk:5d7thwzkxx5mz6gk1f19wfyykr6nrwzaxri3io7ahejg1z74qngo. (Link: https://pubky.org)
• Chroma: Chroma is dedicated to advancing human performance and well-being through cutting-edge light therapy devices and performance eyewear. Their mission is to enhance physical and mental health, unlocking peak human health, cognitive function, and physical performance. Get 10% off your order with the code BITCOINAUDIBLE. (Link: https://getchroma.co/?ref=BitcoinAudible)

Guest Links

• Steve Simple Nostr (Link: https://tinyurl.com/3s6a8yn8)
• Steve Simple on X (Link: https://x.com/stevesimple)
• Bitcoin Mechanic Nostr (Link: https://tinyurl.com/2tm827ut)
• Bitcoin Mechanic on X (Link: https://x.com/GrassFedBitcoin)
• Jeff Swann Nostr (Link: https://tinyurl.com/3sjc3bc...