The Bitcoin Way Podcast

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About 70% of Bitcoin is secured in a single-signature setup — but is that actually a problem? In this informative episode of Bitcoin Banter, Michael sits down with his Bitcoin Way colleagues Bert and Kyle to dive deep into one of the most debated topics in self-custody: singlesig vs. multisig Bitcoin self-custody setups.

They break down what each setup means, why The Bitcoin Way doesn't do "naked" singlesig, how a high-entropy passphrase changes the security equation, and why the multisig descriptor is a privacy risk most people overlook. They also cover seed backup redundancy, hardware wallet security, entropy generation, and why inheritance planning is what most Bitcoiners ignore until it's too late.

Don't miss this episode if you want to learn whether singlesig or multisig might be best for you.

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⏱️ TIMESTAMPS:

0:00 Single Sig vs. Multi-Sig Overview

4:34 The Case for Single Sig + Passphrase

13:10 Seed Backup & Redundancy

15:40 Inheritance Planning

24:48 Hardware Wallets & Air Gap

27:45 Generating Entropy Securely

38:49 Which Setup Is Right for You?

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🎙ABOUT OUR SHOW:

On Bitcoin Banter, Michael and members of The Bitcoin Way team discuss current events related to Bitcoin, macroeconomics, finance, politics, and more.

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❗DISCLAIMER:

This show is for entertainment purposes only. Before making any financial or legal decisions, consult a professional.

🔑 Learn how to take 100% self-custody of your Bitcoin:

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Hansen, author of The Belief Machine and Bitcoin Not Crypto, joins Michael Jordan to explore why intelligent, successful people often reject Bitcoin. They dissect the psychology of belief, identity preservation, and how Bitcoin acts as a mirror for our worldview. Hansen shares his Bitcoin origin story, why property rights became his core conviction, and why most people orange-pill themselves. They also discuss tribalism, the tension between freedom and safety, the challenge of living on a Bitcoin standard, and why pricing everything in fiat undermines Bitcoin as peer-to-peer cash.⏳ TIMESTAMPS:

01:20 Intro and prologue story

03:27 The insurance question

05:32 Why people say no

08:31 Beliefs are investments

12:55 Map vs territory

18:28 Lessons for everyone

25:34 Identity and work

30:31 Tribalism is a drug

36:06 Bitcoin Not Crypto

41:19 Brett’s Bitcoin origin

42:35 Property rights core

49:04 Orange pill yourself

53:27 Freedom versus safety

58:25 Fiat denominator problem

01:03:39 Living Bitcoin standard

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OUR SHOW:

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This week on Bitcoin Banter Michael, Katie and Adam chat about the Revolut KYC leak affecting almost 700 wealthy crypto clients, and why big centralized KYC databases keep turning into honeypots for criminals and fraudsters.

We also dig into Bull Bitcoin challenging the EU DAC8 rules in French courts, how DAC8 forces crypto companies to share customer data with tax authorities across borders, and what that means for Bitcoin privacy and self custody.

Plus we cover the Federal Reserve's latest interest rate hike and inflation outlook, Trump's proposed $5,000 dividend for all US adults, and our Donkey of The Week - Canadian PM Mark Carney! Join us for a casual roundup of Bitcoin regulation, global economic trends, and government control debates.

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⏱️ TIMESTAMPS:

00:00 Revolut KYC Data Breach Exposes 700 Crypto Clients

09:13 Bull Bitcoin vs DAC8 EU Crypto Data Sharing Rule

15:52 Trump $5000 Dividend Proposal and Inflation Risk

20:52 Fed Hikes Rates 0.25 Percent and Bitcoin Impact

25:44 Donkey of the Week - Canada's PM Mark Carney!

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🎙ABOUT OUR SHOW:

On Bitcoin Banter, Michael and members of The Bitcoin Way team discuss current events related to Bitcoin, macroeconomics, finance, politics, and more.

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❗DISCLAIMER:

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A self-proclaimed white hat hacker exploited Blockstream's Liquid Network, minting fake LBTC and draining nearly 4,000 Bitcoin worth around $320M. The funds were held on-chain during public negotiations conducted through blockchain messages, with 85% eventually returned and around 600 BTC kept as a claimed 'consultancy fee'.

This breakdown explains how the Liquid hack happened, what it reveals about federated sidechains, custodial risk, and Bitcoin security. We also cover UK mandatory phone surveillance and digital ID proposals, arrests for communications offenses, rising Europe-Russia tensions, LG TV privacy concerns, plus our Donkeys of the Week, who are offering the opportunity to own a brand new meme coin and pair of Strategy-branded shoes.

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🔑 Learn how to take 100% self-custody of your Bitcoin: https://www.thebitcoinway.com/services/bitcoin-self-custody-training?utm_source=tbw&utm_medium=fountain&utm_campaign=bitcoin-banter&utm_content=desc

📖 Interested in a Plan B? Download our FREE Panama 🇵🇦 Residency Guide here: https://www.thebitcoinway.com/services/plan-b-residency-programs?utm_source=tbw&utm_medium=fountain&utm_campaign=bitcoin-banter&utm_content=video-desc

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⏱️ TIMESTAMPS:

00:00 - Liquid Network hack: $320M fake LBTC minted, Bitcoin drained

07:47 - UK phone surveillance & mandatory digital ID

14:25 - Germany, Russia tension & war threats

19:25 - LG TV privacy: what is your smart TV recording?

23:38 - Donkey of the week - Hunter Biden meme coin

26:05 - Strategy-themed Jordans!

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🎙ABOUT OUR SHOW:

On Bitcoin Banter, Michael and members of The Bitcoin Way team discuss current events related to Bitcoin, macroeconomics, finance, politics, and more.

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❗DISCLAIMER:

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The creator of SeedSigner — a former cop turned stay-at-home dad turned open-source Bitcoin developer — joins Michael Jordan to break down the ColdCard entropy bug, what it revealed about hardware wallet trust, and why NVK waged a years-long campaign against the SeedSigner project.

"Seed" explains how SeedSigner's intentional statelessness and air-gapped design minimizes the trust required from non-technical users, what actually happened with the OpenSats funding rejections, why DIY cold storage is more accessible than the Bitcoin community gives it credit for, and his strong take on why cloud-connected multi-sig solutions like BitKey are the wrong lesson to learn from the ColdCard incident.

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🔑 Learn how to take 100% self-custody of your Bitcoin:

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⏱️ TIMESTAMPS:

00:00 Intro

01:26 The Cold Card entropy bug, explained

07:35 "The most notable feature of SeedSigner is how unambitious it is"

09:02 Dice rolls, BIP39 lottery and camera entropy

12:35 Why air-gapped QR signing shrinks the attack surface

13:38 From digital forensics cop to Bitcoiner

17:01 SeedSigner's origins: Specter DIY and a Raspberry Pi

25:57 A volunteer project, not a company

32:36 The NVK feud and the SeedQR criticism

38:32 Raspberry Pi firmware and supply chain trade-offs

44:03 Four OpenSats applications, four rejections

50:00 Single SeedSigner multisig vs multi-vendor multisig

1:01:03 Why "trust harder" is the wrong lesson from Cold Card

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ABOUT OUR SHOW:

On The Bitcoin Way Podcast, Michael Jordan talks to guests with a wide range of expertise and skillsets related to Bitcoin, including investing, macroeconomic and financial trends, mining, education, and more.

CONNECT WITH US:

X: https://twitter.com/thebitcoinway_

N: npub1lrj3lsskez59qu68v5fpnur7ythe7s5e4qcelclha6t6r9q5pqgsl2m

LI: https://www.linkedin.com/company/thebitcoinway/

IG: https://www.instagram.com/thebitcoinway_

TT: https://www.tiktok.com/@thebitcoinway

Newsletter: https://www.thebitcoinway.com/resources/newsletter

DISCLAIMER:

This show is for entertainment purposes only. Before making any financial or legal decisions consult a professional.