BITCOIN SEASON 2: JD Vance & Suitcoiners in Vegas
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 31 May 2025
⏱️ 38 minutes
🧾️ Download transcript
Summary
Live from Bitcoin 2025 in Vegas! JD Vance talks Bitcoin as neutral money, corporatization concerns, Lightning yields 9.7% APR, Peter Schiff's NFT saga, conference highlights & the suit invasion of Bitcoin culture.
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Charlie and Colin record live from Bitcoin 2025 in Las Vegas to discuss VP JD Vance's nuanced Bitcoin takes, the conference's corporate transformation, Lightning Network's 9.7% APR yields, Peter Schiff's surprising Bitcoin NFT sales, conference security issues, and whether Bitcoin has lost its cypherpunk roots to Wall Street suits.
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NOTES:
• Bitcoin market cap: $2 trillion, $100k+ price
• Lightning routing earned 9.7% APR yields
• Conference had 30k attendees, 4k BTC payments
• Peter Schiff sold NFTs for 0.01-0.02 BTC each
• Vegas conference returning next year
• Multiple stages: 6-7 different tracks
Timestamps:
00:00 Start
02:03 Peter Schiff <3 Bitcoin
04:19 Vibe check
10:36 Sh!#coins galore!
14:30 JD Vance
20:45 Not much gambling
22:24 9.7% APY Lightning Routing Node
27:31 Square enables Bitcoin payments
29:37 New scammer crowd
30:55 Bitcoin skull
33:29 Sh!#coin swag room service?
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Transcript
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| 0:00.0 | Bitcoin Season 2 is brought to you by Arch Network, the platform building bridgeless apps on Bitcoin or on Arch later on the show. Let's kick it off. |
| 0:10.5 | Welcome back to Bitcoin Season 2. We are recording this live from Las Vegas. |
| 0:19.8 | Riders Room is actually a room in Las Vegas today. |
| 0:24.0 | Me and Colin, I think one of our first, maybe our second in-person writer's room. |
| 0:31.3 | Yeah, I think that's right. |
| 0:33.0 | And what better place to do it than the Fear and Loathing Sin City, Las Vegas? |
| 0:38.0 | Yeah, Sin City. |
| 0:39.3 | The script writes itself. |
| 0:42.1 | Yeah, it kind of does. |
| 0:43.4 | Bitcoiner comes into Vegas, has regret for not going balls deep into meme coins during the meme coin bull market, loses all of his money at craps or blackjack. |
| 0:53.4 | There is a lot of pent-up gambling energy |
| 0:55.6 | in the room, which is being released. I'm happy to say that there doesn't seem to be anything |
| 1:01.3 | structurally different about there being, you know, whatever griffs that are present at a |
| 1:07.2 | normal Bitcoin conference, those exist today. The real defining thing is, and we'll, we can riff on this. |
| 1:13.7 | The suits, the suits are here. |
| 1:15.5 | We call them suit corners. |
| 1:17.4 | How do you feel about this? |
| 1:20.4 | You're wearing a suit too. |
| 1:21.8 | Yeah, I know, right? |
| 1:23.7 | I'm throwing blood on one of my own. |
| 1:27.0 | It's inevitable, I think, you know. |
| 1:29.5 | I do think that there's some interesting arguments maybe to be made about Bitcoin diverging from its cypherpunk roots to a more corporate and finance kind of focused contingent. |
... |
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