TFTC: A Bitcoin Podcast

Hosted by Marty Bent

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Oct 2026

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TFTC is a podcast hosted by Marty Bent about Bitcoin. Join Marty, Editor in Chief of "the best newsletter in Bitcoin", as he sits down to discuss Bitcoin with interesting people.

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October 19, 202627 min

Ten31 Timestamp: Partly Cloudy

Black Monday never showed up. Marty and John Arnold break down why markets shrugged off the weekend scare, and what the data under the surface is saying about AI spending, interest rates, and energy. 🔗 <a href="https://bitcoinproducts.com">https://bitcoinproducts.com</a> In this episode: <ul> <li>Why Black Monday didn't happen and what markets did instead</li> <li>Anthropic's slowing revenue growth and the distillation fight</li> <li>Neo clouds, credit stress, and the cost of capital for the AI build out</li> <li>Hot inflation prints, the Fed, and bond market volatility</li> <li>Whether Treasury cuts 20 year issuance to deal with higher yields</li> <li>Diesel shortages, Gulf attacks, and Iran's economy</li> <li>China's export surge and what Europe might do about it</li> </ul> TIMESTAMPS: 00:00:00 - Black Monday that wasn't 00:01:20 - Anthropic revenue growth slows ahead of IPO 00:01:38 - Distillation attacks and the irony of AI IP 00:05:12 - Neo clouds and credit default swaps under pressure 00:06:55 - Cost of capital for the AI build out 00:07:02 - Hot inflation and the Fed 00:07:57 - Ten year yields near 5% and forward guidance 00:10:13 - Convexity Maven on bond volatility and the MOVE index 00:12:57 - Treasury and the 20 year issuance rumor 00:15:39 - War driving up diesel prices 00:18:36 - Carney on maximizing diesel shipments to the US 00:19:27 - Iran GDP collapse and the blockade 00:21:29 - China's 36% export surge in September 00:22:14 - Robin Brooks and Michael Pettis on overproduction 00:24:35 - Jim Himes and bipartisan support for Europe and NATO SUBSCRIBE › Newsletter (free): <a href="https://tftc.io/bitcoin-brief/›">https://tftc.io/bitcoin-brief/›</a> YouTube: <a href="https://youtube.com/@TFTC?sub_confirmation=1">https://youtube.com/@TFTC?sub_confirmation=1</a> FOLLOW US › X: <a href="https://x.com/tftc21›">https://x.com/tftc21›</a> Nostr: <a href="https://primal.net/tftc">https://primal.net/tftc</a> FOLLOW MARTY › X: <a href="https://x.com/MartyBent">https://x.com/MartyBent</a> › Timestamp: <a href="https://www.ten31timestamp.com/›">https://www.ten31timestamp.com/›</a> John Arnold: <a href="https://x.com/JohnArnoldTen31›">https://x.com/JohnArnoldTen31›</a> Ten31: <a href="https://ten31.xyz">https://ten31.xyz</a> <h1 id="tftcmartybentjohnarnoldmarketsinflationai">TFTC #MartyBent #JohnArnold #Markets #Inflation #AI</h1>

October 19, 20261 hr 17 min

#803: The Long End of the Curve Is Breaking with Parker Lewis

Parker Lewis of Zaprite, author of Gradually Then Suddenly, joins Marty Bent to explain why Bitcoin sentiment is at its worst while the macro setup looks stronger than ever. They cover the missing adoption wave, why Bitcoin treasury companies cannibalize demand, the 30-year Treasury at 5.5 percent, credit market stress, Silvergate and Operation Choke Point 2.0, the Coldcard and Ledger incidents, and a live demo of Zaprite Pay. Parker on X: <a href="https://x.com/parkeralewis">https://x.com/parkeralewis</a> Zaprite p2p: <a href="https://zapritep2p.com/">https://zapritep2p.com/</a> Gradually, Then Suddenly: <a href="https://nakamotoinstitute.org/library/gradually-then-suddenly/">https://nakamotoinstitute.org/library/gradually-then-suddenly/</a> The Bitcoin Playbook for Commercial Real Estate Owners & Investors: <a href="https://www.tftc.io/CRE">https://www.tftc.io/CRE</a> STACK SATS hat: <a href="https://tftcmerch.io/">https://tftcmerch.io/</a> Our newsletter: <a href="https://www.tftc.io/bitcoin-brief/">https://www.tftc.io/bitcoin-brief/</a> TFTC Elite (Ad-free & Discord): <a href="https://www.tftc.io/#/portal/signup/">https://www.tftc.io/#/portal/signup/</a> Discord: <a href="https://discord.gg/yHGkvYxdqT">https://discord.gg/yHGkvYxdqT</a> Opportunity Cost Extension: <a href="https://www.opportunitycost.app/">https://www.opportunitycost.app/</a> Shoutout to our sponsors: Block: - Cash App: For a limited time, new customers can get $21 added to their balance. Just use code TFTC10 when you sign up, and send at least $5 to a friend in the first two weeks. Terms apply. Bitcoin services by Block, Inc. See the Bitcoin disclosures at cash.app/legal/podcast. - Square: Visit <a href="http://square.com/go/tftc">http://square.com/go/tftc</a> for up to $200 off eligible Square hardware. - Bitkey: Use code TFTC10 for 10% off the new Bitkey. Aven <a href="https://www.aven.com/bitcoin">https://www.aven.com/bitcoin</a> CrowdHealth <a href="https://www.joincrowdhealth.com/tftc">https://www.joincrowdhealth.com/tftc</a> Simple Mining <a href="https://www.simplemining.io/tftc">https://www.simplemining.io/tftc</a> Salt of the Earth: <a href="https://drinksote.com/tftc">https://drinksote.com/tftc</a> Join the TFTC Movement: Main YT Channel <a href="https://www.youtube.com/c/TFTC21/videos">https://www.youtube.com/c/TFTC21/videos</a> Clips YT Channel <a href="https://www.youtube.com/channel/UCUQcW3jxfQfEUS8kqR5pJtQ">https://www.youtube.com/channel/UCUQcW3jxfQfEUS8kqR5pJtQ</a> Website <a href="https://tftc.io/">https://tftc.io/</a> Newsletter tftc.io/bitcoin-brief/ Twitter <a href="https://twitter.com/tftc21">https://twitter.com/tftc21</a> Instagram <a href="https://www.instagram.com/tftc.io/">https://www.instagram.com/tftc.io/</a> Nostr <a href="https://primal.net/tftc">https://primal.net/tftc</a> Follow Marty Bent: Twitter <a href="https://twitter.com/martybent">https://twitter.com/martybent</a> Nostr <a href="https://primal.net/martybent">https://primal.net/martybent</a> Newsletter <a href="https://tftc.io/martys-bent/">https://tftc.io/martys-bent/</a> Podcast <a href="https://www.tftc.io/tag/podcasts/">https://www.tftc.io/tag/podcasts/</a> Disclosure: Bitcoin services are provided by Block, Inc. Bitcoin services are not licensable activity in all U.S. states and territories, and not all services are available in all states. Bitkey is not available in New York. Block, Inc. operates in New York as Block of Delaware and is licensed to engage in virtual currency business activity by the New York State Department of Financial Services. Bitcoin is a non-deposit, non-bank product that is not FDIC insured and involves risk, including monetary loss. For additional information, see the Bitcoin disclosures: <a href="https://help.cash.app/btcdisclosures">https://help.cash.app/btcdisclosures</a> Get up to $200 off Square hardware when you sign up at <a href="http://square.com/go/tftc">http://square.com/go/tftc</a>! #squarepartner. Offer expires December 31, 2026 at 11:59 pm PST. Offer for $40 off the cost of one Square Stand, $75 off the cost of one Square Terminal, $100 off the cost of one Square Handheld, or $200 off the cost of one Square Register, excluding applicable taxes. Limited to one discount per product type per seller account. Each code is limited to one redemption per account holder. Valid for new Square customers located in the US only. Offer not valid with guest checkout. Square reserves the right to modify, revoke or cancel the offer at any time. Offer cannot be combined with any other coupon. Void where prohibited, not redeemable for cash, and non-transferable. #squarepartner #blockpartner

October 17, 20261 hr 25 min

#802: The Banks Are Fleecing You with Mel Mattison

Mel Mattison joins Marty to unpack October's market selloff and why it may be the best buying opportunity since the Iran war drawdown. They cover rising Treasury yields, fiscal dominance, and why Kevin Warsh and the Fed can't hike without bankrupting the government. Mel explains why the AI trade isn't AI, why compute and semiconductors win regardless of which model leads, and how tokenization, stablecoins, and agentic payments threaten the banking float model. Plus Social Security, Medicare, the midterms, and ending the Iran war. Mel on X: <a href="https://x.com/MelMattison1">https://x.com/MelMattison1</a> Mel’s Book: <a href="https://www.melmattison.com/quoz">https://www.melmattison.com/quoz</a> The Bitcoin Playbook for Commercial Real Estate Owners & Investors: <a href="https://www.tftc.io/CRE">https://www.tftc.io/CRE</a> STACK SATS hat: <a href="https://tftcmerch.io/">https://tftcmerch.io/</a> Our newsletter: <a href="https://www.tftc.io/bitcoin-brief/">https://www.tftc.io/bitcoin-brief/</a> TFTC Elite (Ad-free & Discord): <a href="https://www.tftc.io/#/portal/signup/">https://www.tftc.io/#/portal/signup/</a> Discord: <a href="https://discord.gg/yHGkvYxdqT">https://discord.gg/yHGkvYxdqT</a> Opportunity Cost Extension: <a href="https://www.opportunitycost.app/">https://www.opportunitycost.app/</a> Shoutout to our sponsors: Block: - Cash App: For a limited time, new customers can get $21 added to their balance. Just use code TFTC10 when you sign up, and send at least $5 to a friend in the first two weeks. Terms apply. Bitcoin services by Block, Inc. See the Bitcoin disclosures at cash.app/legal/podcast. - Square: Visit <a href="http://square.com/go/tftc">http://square.com/go/tftc</a> for up to $200 off eligible Square hardware. - Bitkey: Use code TFTC10 for 10% off the new Bitkey. Aven <a href="https://www.aven.com/bitcoin">https://www.aven.com/bitcoin</a> CrowdHealth <a href="https://www.joincrowdhealth.com/tftc">https://www.joincrowdhealth.com/tftc</a> Simple Mining <a href="https://www.simplemining.io/tftc">https://www.simplemining.io/tftc</a> Salt of the Earth: <a href="https://drinksote.com/tftc">https://drinksote.com/tftc</a> Join the TFTC Movement: Main YT Channel <a href="https://www.youtube.com/c/TFTC21/videos">https://www.youtube.com/c/TFTC21/videos</a> Clips YT Channel <a href="https://www.youtube.com/channel/UCUQcW3jxfQfEUS8kqR5pJtQ">https://www.youtube.com/channel/UCUQcW3jxfQfEUS8kqR5pJtQ</a> Website <a href="https://tftc.io/">https://tftc.io/</a> Newsletter tftc.io/bitcoin-brief/ Twitter <a href="https://twitter.com/tftc21">https://twitter.com/tftc21</a> Instagram <a href="https://www.instagram.com/tftc.io/">https://www.instagram.com/tftc.io/</a> Nostr <a href="https://primal.net/tftc">https://primal.net/tftc</a> Follow Marty Bent: Twitter <a href="https://twitter.com/martybent">https://twitter.com/martybent</a> Nostr <a href="https://primal.net/martybent">https://primal.net/martybent</a> Newsletter <a href="https://tftc.io/martys-bent/">https://tftc.io/martys-bent/</a> Podcast <a href="https://www.tftc.io/tag/podcasts/">https://www.tftc.io/tag/podcasts/</a> Disclosure: Bitcoin services are provided by Block, Inc. Bitcoin services are not licensable activity in all U.S. states and territories, and not all services are available in all states. Bitkey is not available in New York. Block, Inc. operates in New York as Block of Delaware and is licensed to engage in virtual currency business activity by the New York State Department of Financial Services. Bitcoin is a non-deposit, non-bank product that is not FDIC insured and involves risk, including monetary loss. For additional information, see the Bitcoin disclosures: <a href="https://help.cash.app/btcdisclosures">https://help.cash.app/btcdisclosures</a> Get up to $200 off Square hardware when you sign up at <a href="http://square.com/go/tftc">http://square.com/go/tftc</a>! #squarepartner. Offer expires December 31, 2026 at 11:59 pm PST. Offer for $40 off the cost of one Square Stand, $75 off the cost of one Square Terminal, $100 off the cost of one Square Handheld, or $200 off the cost of one Square Register, excluding applicable taxes. Limited to one discount per product type per seller account. Each code is limited to one redemption per account holder. Valid for new Square customers located in the US only. Offer not valid with guest checkout. Square reserves the right to modify, revoke or cancel the offer at any time. Offer cannot be combined with any other coupon. Void where prohibited, not redeemable for cash, and non-transferable. #squarepartner #blockpartner

October 14, 20261 hr 1 min

#801: Proving What's Real In The Age Of AI with Bryan Jacoutot

Bryan Jacoutot, commercial litigator at Clark Hill, joins Marty Bent to explain how Bitcoin timestamping through OpenTimestamps and SimpleProof can authenticate digital evidence in the age of generative AI deepfakes. They cover his proposed federal rules of evidence change, a rebuttable presumption of authenticity for hashed files, and how Screven County, Georgia hashes election results and drop box surveillance video into the Bitcoin blockchain. They also discuss FinCEN's retracted rule, the Blockchain Regulatory Certainty Act, the Bank Secrecy Act, and truth decay. Bryan on X: <a href="https://x.com/BryanJacoutot">https://x.com/BryanJacoutot</a> Clark Hill: <a href="https://www.clarkhill.com/people/bryan-f-jacoutot/">https://www.clarkhill.com/people/bryan-f-jacoutot/</a> Simple Proof: <a href="https://www.simpleproof.com/">https://www.simpleproof.com/</a>The Bitcoin Playbook for Commercial Real Estate Owners & Investors: <a href="https://www.tftc.io/CRE">https://www.tftc.io/CRE</a> STACK SATS hat: <a href="https://tftcmerch.io/">https://tftcmerch.io/</a> Our newsletter: <a href="https://www.tftc.io/bitcoin-brief/">https://www.tftc.io/bitcoin-brief/</a> TFTC Elite (Ad-free & Discord): <a href="https://www.tftc.io/#/portal/signup/">https://www.tftc.io/#/portal/signup/</a> Discord: <a href="https://discord.gg/yHGkvYxdqT">https://discord.gg/yHGkvYxdqT</a> Opportunity Cost Extension: <a href="https://www.opportunitycost.app/">https://www.opportunitycost.app/</a> Shoutout to our sponsors: Block: <ul> <li>Cash App: For a limited time, new customers can get $21 added to their balance. Just use code TFTC10 when you sign up, and send at least $5 to a friend in the first two weeks. Terms apply. Bitcoin services by Block, Inc. See the Bitcoin disclosures at cash.app/legal/podcast.</li> <li>Square: Visit <a href="http://square.com/go/tftc">http://square.com/go/tftc</a> for up to $200 off eligible Square hardware.</li> <li>Bitkey: Use code TFTC10 for 10% off the new Bitkey.</li> </ul> Aven <a href="https://www.aven.com/bitcoin">https://www.aven.com/bitcoin</a> CrowdHealth <a href="https://www.joincrowdhealth.com/tftc">https://www.joincrowdhealth.com/tftc</a> Simple Mining <a href="https://www.simplemining.io/tftc">https://www.simplemining.io/tftc</a> Salt of the Earth: <a href="https://drinksote.com/tftc">https://drinksote.com/tftc</a> Join the TFTC Movement: Main YT Channel <a href="https://www.youtube.com/c/TFTC21/videos">https://www.youtube.com/c/TFTC21/videos</a> Clips YT Channel <a href="https://www.youtube.com/channel/UCUQcW3jxfQfEUS8kqR5pJtQ">https://www.youtube.com/channel/UCUQcW3jxfQfEUS8kqR5pJtQ</a> Website <a href="https://tftc.io/">https://tftc.io/</a> Newsletter <a href="http://tftc.io/bitcoin-brief/">tftc.io/bitcoin-brief/</a> Twitter <a href="https://twitter.com/tftc21">https://twitter.com/tftc21</a> Instagram <a href="https://www.instagram.com/tftc.io/">https://www.instagram.com/tftc.io/</a> Nostr <a href="https://primal.net/tftc">https://primal.net/tftc</a> Follow Marty Bent: Twitter <a href="https://twitter.com/martybent">https://twitter.com/martybent</a> Nostr <a href="https://primal.net/martybent">https://primal.net/martybent</a> Newsletter <a href="https://tftc.io/martys-bent/">https://tftc.io/martys-bent/</a> Podcast <a href="https://www.tftc.io/tag/podcasts/">https://www.tftc.io/tag/podcasts/</a> Disclosure: Bitcoin services are provided by Block, Inc. Bitcoin services are not licensable activity in all U.S. states and territories, and not all services are available in all states. Bitkey is not available in New York. Block, Inc. operates in New York as Block of Delaware and is licensed to engage in virtual currency business activity by the New York State Department of Financial Services. Bitcoin is a non-deposit, non-bank product that is not FDIC insured and involves risk, including monetary loss. For additional information, see the Bitcoin disclosures: <a href="https://help.cash.app/btcdisclosures">https://help.cash.app/btcdisclosures</a> Get up to $200 off Square hardware when you sign up at <a href="http://square.com/go/tftc">http://square.com/go/tftc</a>! #squarepartner. Offer expires December 31, 2026 at 11:59 pm PST. Offer for $40 off the cost of one Square Stand, $75 off the cost of one Square Terminal, $100 off the cost of one Square Handheld, or $200 off the cost of one Square Register, excluding applicable taxes. Limited to one discount per product type per seller account. Each code is limited to one redemption per account holder. Valid for new Square customers located in the US only. Offer not valid with guest checkout. Square reserves the right to modify, revoke or cancel the offer at any time. Offer cannot be combined with any other coupon. Void where prohibited, not redeemable for cash, and non-transferable. #squarepartner #blockpartner

October 12, 202634 min

Ten31 Timestamp: Liberty, Equality, Insolvency

France's debt problem, Europe moving against Chinese exports, Iran under pressure, and the AI and quantum FUD hitting Bitcoin. Marty and John Arnold go through the week. 🔗 <a href="https://bitcoinproducts.com">https://bitcoinproducts.com</a> In this episode: <ul> <li>France's fiscal situation and why short-term debt issuance is spreading</li> <li>Europe pushes back on Chinese exports while the US pulls it closer</li> <li>Iran's economy under sanctions and escalation risk after the Houthi strike</li> <li>The Donroe Doctrine: Greenland, Iceland and Brazil's election</li> <li>Treasury issuance, buybacks and the narrative around US economic data</li> <li>OpenAI revenue numbers, AI math proofs and the quantum FUD aimed at Bitcoin</li> </ul> TIMESTAMPS: 00:00:00 - Touching grass after a weekend of hardware wallet and AI news 00:01:00 - France's debt cycle and the Macron problem 00:02:30 - Short-term issuance and yields across Europe 00:04:58 - Europe moves to block Chinese exports 00:08:17 - Taiwan Strait naval exercises and the US-China meeting 00:09:48 - Iran's economy and the oil minister's exit 00:11:34 - Houthi strike on Saudi airport and escalation risk 00:13:41 - The Donroe Doctrine and the National Security Strategy 00:14:13 - Iceland, Greenland and Brazil's Bolsonaro surge 00:17:07 - US economic data and Treasury issuance 00:20:12 - Bessent's buybacks and the long end of the curve 00:21:26 - OpenAI's revenue run rate and the Anthropic comparison 00:23:39 - AI math proofs and the pace of model progress 00:26:36 - Quantum FUD, Justin Drake and Yehuda Lindell on elliptic curves 00:30:00 - Why Bitcoin researchers are working on new signature schemes 00:33:41 - Wrap-up and next week SUBSCRIBE › Newsletter (free): <a href="https://tftc.io/bitcoin-brief/›">https://tftc.io/bitcoin-brief/›</a> YouTube: <a href="https://youtube.com/@TFTC?sub_confirmation=1">https://youtube.com/@TFTC?sub_confirmation=1</a> FOLLOW US › X: <a href="https://x.com/tftc21›">https://x.com/tftc21›</a> Nostr: <a href="https://primal.net/tftc">https://primal.net/tftc</a> FOLLOW MARTY › X: <a href="https://x.com/MartyBent">https://x.com/MartyBent</a> › Timestamp: <a href="https://www.ten31timestamp.com/›">https://www.ten31timestamp.com/›</a> John Arnold: <a href="https://x.com/JohnArnoldTen31›">https://x.com/JohnArnoldTen31›</a> Ten31: <a href="https://ten31.xyz">https://ten31.xyz</a> <h1 id="tftcmartybentjohnarnoldbitcoinquantumcomputingai">TFTC #MartyBent #JohnArnold #Bitcoin #QuantumComputing #AI</h1>

October 10, 20261 hr 49 min

#800: London Closed The Strait Of Hormuz with Tom Luongo

Tom Luongo returns to break down why the Iran conflict was never really about Iran. Tom argues the war is a lever to dismantle the Eurodollar system and the old colonial powers of Europe, from Lloyd's of London pulling shipping insurance to the yen carry trade unwinding. We cover Scott Bessent's Treasury buybacks, the bear flattener, France's bond market stress, Mark Carney and Canada, Judy Shelton at Treasury, the midterms, the dollar index breakout, and a provocative reframe of the claim that DARPA created Bitcoin. Tom on X: <a href="https://x.com/TFL1728">https://x.com/TFL1728</a> Tom's Website: <a href="https://tomluongo.me/">https://tomluongo.me/</a> The Bitcoin Playbook for Commercial Real Estate Owners & Investors: <a href="https://www.tftc.io/CRE">https://www.tftc.io/CRE</a> STACK SATS hat: <a href="https://tftcmerch.io/">https://tftcmerch.io/</a> Our newsletter: <a href="https://www.tftc.io/bitcoin-brief/">https://www.tftc.io/bitcoin-brief/</a> TFTC Elite (Ad-free & Discord): <a href="https://www.tftc.io/#/portal/signup/">https://www.tftc.io/#/portal/signup/</a> Discord: <a href="https://discord.gg/yHGkvYxdqT">https://discord.gg/yHGkvYxdqT</a> Opportunity Cost Extension: <a href="https://www.opportunitycost.app/">https://www.opportunitycost.app/</a> Shoutout to our sponsors: Block: - Cash App: For a limited time, new customers can get $21 added to their balance. Just use code TFTC10 when you sign up, and send at least $5 to a friend in the first two weeks. Terms apply. Bitcoin services by Block, Inc. See the Bitcoin disclosures at cash.app/legal/podcast. - Square: Visit <a href="http://square.com/go/tftc">http://square.com/go/tftc</a> for up to $200 off eligible Square hardware. - Bitkey: Use code TFTC10 for 10% off the new Bitkey. Aven <a href="https://www.aven.com/bitcoin">https://www.aven.com/bitcoin</a> CrowdHealth <a href="https://www.joincrowdhealth.com/tftc">https://www.joincrowdhealth.com/tftc</a> Simple Mining <a href="https://www.simplemining.io/tftc">https://www.simplemining.io/tftc</a> Salt of the Earth: <a href="https://drinksote.com/tftc">https://drinksote.com/tftc</a> Join the TFTC Movement: Main YT Channel <a href="https://www.youtube.com/c/TFTC21/videos">https://www.youtube.com/c/TFTC21/videos</a> Clips YT Channel <a href="https://www.youtube.com/channel/UCUQcW3jxfQfEUS8kqR5pJtQ">https://www.youtube.com/channel/UCUQcW3jxfQfEUS8kqR5pJtQ</a> Website <a href="https://tftc.io/">https://tftc.io/</a> Newsletter tftc.io/bitcoin-brief/ Twitter <a href="https://twitter.com/tftc21">https://twitter.com/tftc21</a> Instagram <a href="https://www.instagram.com/tftc.io/">https://www.instagram.com/tftc.io/</a> Nostr <a href="https://primal.net/tftc">https://primal.net/tftc</a> Follow Marty Bent: Twitter <a href="https://twitter.com/martybent">https://twitter.com/martybent</a> Nostr <a href="https://primal.net/martybent">https://primal.net/martybent</a> Newsletter <a href="https://tftc.io/martys-bent/">https://tftc.io/martys-bent/</a> Podcast <a href="https://www.tftc.io/tag/podcasts/">https://www.tftc.io/tag/podcasts/</a> Disclosure: Bitcoin services are provided by Block, Inc. Bitcoin services are not licensable activity in all U.S. states and territories, and not all services are available in all states. Bitkey is not available in New York. Block, Inc. operates in New York as Block of Delaware and is licensed to engage in virtual currency business activity by the New York State Department of Financial Services. Bitcoin is a non-deposit, non-bank product that is not FDIC insured and involves risk, including monetary loss. For additional information, see the Bitcoin disclosures: <a href="https://help.cash.app/btcdisclosures">https://help.cash.app/btcdisclosures</a> Get up to $200 off Square hardware when you sign up at <a href="http://square.com/go/tftc">http://square.com/go/tftc</a>! #squarepartner. Offer expires December 31, 2026 at 11:59 pm PST. Offer for $40 off the cost of one Square Stand, $75 off the cost of one Square Terminal, $100 off the cost of one Square Handheld, or $200 off the cost of one Square Register, excluding applicable taxes. Limited to one discount per product type per seller account. Each code is limited to one redemption per account holder. Valid for new Square customers located in the US only. Offer not valid with guest checkout. Square reserves the right to modify, revoke or cancel the offer at any time. Offer cannot be combined with any other coupon. Void where prohibited, not redeemable for cash, and non-transferable. #squarepartner #blockpartner

October 7, 20261 hr 1 min

#799: The Economic Revolution Is Already Here with Susan Kokinda

Susan Kokinda of Promethean Action returns to check in on the Trump economic agenda ten months after her last visit. She breaks down manufacturing job growth, tariffs, and reindustrialization heading into the midterms, plus the Iran blockade and Treasury's economic pressure campaign, the US-China relationship, and growing desperation in Europe and Canada. She also covers Judy Shelton's Treasury appointment, sound money and gold standard debates, stablecoin rulemaking, and what national banking looks like in the 21st century. Susan on X: <a href="https://x.com/sjkokinda">https://x.com/sjkokinda</a> Susan’s Substack: <a href="https://substack.com/@susankokinda1">https://substack.com/@susankokinda1</a> Promethean Action: <a href="https://www.prometheanaction.com/">https://www.prometheanaction.com/</a> Promethean Updates: <a href="https://www.youtube.com/@PrometheanAction">https://www.youtube.com/@PrometheanAction</a> The Bitcoin Playbook for Commercial Real Estate Owners & Investors: <a href="https://www.tftc.io/CRE">https://www.tftc.io/CRE</a> STACK SATS hat: <a href="https://tftcmerch.io/">https://tftcmerch.io/</a> Our newsletter: <a href="https://www.tftc.io/bitcoin-brief/">https://www.tftc.io/bitcoin-brief/</a> TFTC Elite (Ad-free & Discord): <a href="https://www.tftc.io/#/portal/signup/">https://www.tftc.io/#/portal/signup/</a> Discord: <a href="https://discord.gg/yHGkvYxdqT">https://discord.gg/yHGkvYxdqT</a> Opportunity Cost Extension: <a href="https://www.opportunitycost.app/">https://www.opportunitycost.app/</a> Shoutout to our sponsors: Block: <ul> <li>Cash App: For a limited time, new customers can get $21 added to their balance. Just use code TFTC10 when you sign up, and send at least $5 to a friend in the first two weeks. Terms apply. Bitcoin services by Block, Inc. See the Bitcoin disclosures at cash.app/legal/podcast.</li> <li>Square: Visit <a href="http://square.com/go/tftc">http://square.com/go/tftc</a> for up to $200 off eligible Square hardware.</li> <li>Bitkey: Use code TFTC10 for 10% off the new Bitkey.</li> </ul> Aven <a href="https://www.aven.com/bitcoin">https://www.aven.com/bitcoin</a> CrowdHealth <a href="https://www.joincrowdhealth.com/tftc">https://www.joincrowdhealth.com/tftc</a> Simple Mining <a href="https://www.simplemining.io/tftc">https://www.simplemining.io/tftc</a> Salt of the Earth: <a href="https://drinksote.com/tftc">https://drinksote.com/tftc</a> Join the TFTC Movement: Main YT Channel <a href="https://www.youtube.com/c/TFTC21/videos">https://www.youtube.com/c/TFTC21/videos</a> Clips YT Channel <a href="https://www.youtube.com/channel/UCUQcW3jxfQfEUS8kqR5pJtQ">https://www.youtube.com/channel/UCUQcW3jxfQfEUS8kqR5pJtQ</a> Website <a href="https://tftc.io/">https://tftc.io/</a> Newsletter <a href="http://tftc.io/bitcoin-brief/">tftc.io/bitcoin-brief/</a> Twitter <a href="https://twitter.com/tftc21">https://twitter.com/tftc21</a> Instagram <a href="https://www.instagram.com/tftc.io/">https://www.instagram.com/tftc.io/</a> Nostr <a href="https://primal.net/tftc">https://primal.net/tftc</a> Follow Marty Bent: Twitter <a href="https://twitter.com/martybent">https://twitter.com/martybent</a> Nostr <a href="https://primal.net/martybent">https://primal.net/martybent</a> Newsletter <a href="https://tftc.io/martys-bent/">https://tftc.io/martys-bent/</a> Podcast <a href="https://www.tftc.io/tag/podcasts/">https://www.tftc.io/tag/podcasts/</a> Disclosure: Bitcoin services are provided by Block, Inc. Bitcoin services are not licensable activity in all U.S. states and territories, and not all services are available in all states. Bitkey is not available in New York. Block, Inc. operates in New York as Block of Delaware and is licensed to engage in virtual currency business activity by the New York State Department of Financial Services. Bitcoin is a non-deposit, non-bank product that is not FDIC insured and involves risk, including monetary loss. For additional information, see the <a href="https://help.cash.app/btcdisclosures">Bitcoin disclosures</a>: <a href="https://help.cash.app/btcdisclosures">https://help.cash.app/btcdisclosures</a> Get up to $200 off Square hardware when you sign up at <a href="http://square.com/go/tftc">http://square.com/go/tftc</a>! #squarepartner. Offer expires December 31, 2026 at 11:59 pm PST. Offer for $40 off the cost of one Square Stand, $75 off the cost of one Square Terminal, $100 off the cost of one Square Handheld, or $200 off the cost of one Square Register, excluding applicable taxes. Limited to one discount per product type per seller account. Each code is limited to one redemption per account holder. Valid for new Square customers located in the US only. Offer not valid with guest checkout. Square reserves the right to modify, revoke or cancel the offer at any time. Offer cannot be combined with any other coupon. Void where prohibited, not redeemable for cash, and non-transferable. #squarepartner #blockpartner

October 5, 202634 min

Ten31 Timestamp: Gilt Trip

Oil flows through the Middle East are back near pre-war levels, but 10 year yields and the MOVE index are telling a different story. 🔗 <a href="https://bitcoinproducts.com">https://bitcoinproducts.com</a> In this episode: <ul> <li>Why Middle East crude flows are back to pre-war levels while diesel and refined products still lag</li> <li>What the US and China statement on Iran and Hormuz tolls signals</li> <li>How the push for a China-free rare earth supply chain is going</li> <li>Why the MOVE index and French bond spreads are blowing out</li> <li>How stablecoins and Treasury bills could change what a dollar is</li> <li>Why Trump's comments on inflation and the debt point toward Bitcoin</li> </ul> TIMESTAMPS: 00:00:00 - Back from the Ten31 portfolio retreat 00:00:47 - Middle East crude flows return to pre-war levels 00:03:19 - Diesel and refined products still lagging 00:04:25 - Tanker costs and Hormuz workarounds 00:07:06 - US and China statement on Iran and Hormuz tolls 00:10:41 - Rare earths and the China-free supply chain 00:12:31 - Jamie Dimon calls for industrial policy 00:13:32 - 10 year yield and the MOVE index breakout 00:17:23 - Weak Treasury auctions and Judy Shelton 00:18:08 - France and Germany bond spread blowing out 00:22:08 - White House and the frontier AI labs 00:24:10 - Bessent, Shelton, and the Fed chair picks 00:26:27 - Trump says inflation could pay down the debt 00:27:20 - Stablecoins and demand for short term Treasuries 00:29:44 - How stablecoins could redefine the dollar 00:33:00 - Euro weakness and the Bitcoin to gold ratio SUBSCRIBE › Newsletter (free): <a href="https://tftc.io/bitcoin-brief/›">https://tftc.io/bitcoin-brief/›</a> YouTube: <a href="https://youtube.com/@TFTC?sub_confirmation=1">https://youtube.com/@TFTC?sub_confirmation=1</a> FOLLOW US › X: <a href="https://x.com/tftc21›">https://x.com/tftc21›</a> Nostr: <a href="https://primal.net/tftc">https://primal.net/tftc</a> FOLLOW MARTY › X: <a href="https://x.com/MartyBent">https://x.com/MartyBent</a> › Timestamp: <a href="https://www.ten31timestamp.com/›">https://www.ten31timestamp.com/›</a> John Arnold: <a href="https://x.com/JohnArnoldTen31›">https://x.com/JohnArnoldTen31›</a> Ten31: <a href="https://ten31.xyz">https://ten31.xyz</a> <h1 id="tftcmartybentbitcointreasuriesstablecoins">TFTC #MartyBent #Bitcoin #Treasuries #Stablecoins</h1>

October 5, 20261 hr 14 min

#798: The Roman Playbook for Destroying a Currency with Jeremy Ryan Slate

Jeremy Ryan Slate, host of the Athenian Book Club, traces how Roman emperors debased the denarius from 95% silver to nearly nothing to fund legions and donatives. Marty Bent and Jeremy cover the Third Century Crisis, Diocletian's price controls, Constantine's gold solidus, and why sound money kept the Byzantine Empire stable for centuries. They draw parallels to Federal Reserve money printing, quantitative easing, the Cantillon effect, inflation, and why Bitcoin may offer a modern fix for broken money. Jeremy on X: <a href="https://x.com/JeremyRyanSlate">https://x.com/JeremyRyanSlate</a> Jeremy’s website: <a href="https://jeremyryanslate.com/">https://jeremyryanslate.com/</a> The Bitcoin Playbook for Commercial Real Estate Owners & Investors: <a href="https://www.tftc.io/CRE">https://www.tftc.io/CRE</a> STACK SATS hat: <a href="https://tftcmerch.io/">https://tftcmerch.io/</a> Our newsletter: <a href="https://www.tftc.io/bitcoin-brief/">https://www.tftc.io/bitcoin-brief/</a> TFTC Elite (Ad-free & Discord): <a href="https://www.tftc.io/#/portal/signup/">https://www.tftc.io/#/portal/signup/</a> Discord: <a href="https://discord.gg/yHGkvYxdqT">https://discord.gg/yHGkvYxdqT</a> Opportunity Cost Extension: <a href="https://www.opportunitycost.app/">https://www.opportunitycost.app/</a> Shoutout to our sponsors: Block: <ul> <li>Cash App: For a limited time, new customers can get $21 added to their balance. Just use code TFTC10 when you sign up, and send at least $5 to a friend in the first two weeks. Terms apply. Bitcoin services by Block, Inc. See the Bitcoin disclosures at cash.app/legal/podcast.</li> <li>Square: Visit <a href="http://square.com/go/tftc">http://square.com/go/tftc</a> for up to $200 off eligible Square hardware.</li> <li>Bitkey: Use code TFTC10 for 10% off the new Bitkey.</li> </ul> Aven <a href="https://www.aven.com/bitcoin">https://www.aven.com/bitcoin</a> CrowdHealth <a href="https://www.joincrowdhealth.com/tftc">https://www.joincrowdhealth.com/tftc</a> Simple Mining <a href="https://www.simplemining.io/tftc">https://www.simplemining.io/tftc</a> Salt of the Earth: <a href="https://drinksote.com/tftc">https://drinksote.com/tftc</a> Join the TFTC Movement: Main YT Channel <a href="https://www.youtube.com/c/TFTC21/videos">https://www.youtube.com/c/TFTC21/videos</a> Clips YT Channel <a href="https://www.youtube.com/channel/UCUQcW3jxfQfEUS8kqR5pJtQ">https://www.youtube.com/channel/UCUQcW3jxfQfEUS8kqR5pJtQ</a> Website <a href="https://tftc.io/">https://tftc.io/</a> Newsletter <a href="http://tftc.io/bitcoin-brief/">tftc.io/bitcoin-brief/</a> Twitter <a href="https://twitter.com/tftc21">https://twitter.com/tftc21</a> Instagram <a href="https://www.instagram.com/tftc.io/">https://www.instagram.com/tftc.io/</a> Nostr <a href="https://primal.net/tftc">https://primal.net/tftc</a> Follow Marty Bent: Twitter <a href="https://twitter.com/martybent">https://twitter.com/martybent</a> Nostr <a href="https://primal.net/martybent">https://primal.net/martybent</a> Newsletter <a href="https://tftc.io/martys-bent/">https://tftc.io/martys-bent/</a> Podcast <a href="https://www.tftc.io/tag/podcasts/">https://www.tftc.io/tag/podcasts/</a> Disclosure: Bitcoin services are provided by Block, Inc. Bitcoin services are not licensable activity in all U.S. states and territories, and not all services are available in all states. Bitkey is not available in New York. Block, Inc. operates in New York as Block of Delaware and is licensed to engage in virtual currency business activity by the New York State Department of Financial Services. Bitcoin is a non-deposit, non-bank product that is not FDIC insured and involves risk, including monetary loss. For additional information, see the <a href="https://help.cash.app/btcdisclosures">Bitcoin disclosures</a>: <a href="https://help.cash.app/btcdisclosures">https://help.cash.app/btcdisclosures</a> Get up to $200 off Square hardware when you sign up at <a href="http://square.com/go/tftc">http://square.com/go/tftc</a>! #squarepartner. Offer expires December 31, 2026 at 11:59 pm PST. Offer for $40 off the cost of one Square Stand, $75 off the cost of one Square Terminal, $100 off the cost of one Square Handheld, or $200 off the cost of one Square Register, excluding applicable taxes. Limited to one discount per product type per seller account. Each code is limited to one redemption per account holder. Valid for new Square customers located in the US only. Offer not valid with guest checkout. Square reserves the right to modify, revoke or cancel the offer at any time. Offer cannot be combined with any other coupon. Void where prohibited, not redeemable for cash, and non-transferable. #squarepartner #blockpartner

September 30, 20261 hr 15 min

#797: The ColdCard Hack Was Only The Beginning with Erin Redwing

Erin Redwing joins Marty Bent to look back on two brutal months for Bitcoin after the ColdCard entropy vulnerability, AI-driven exploits, and the Hugging Face breach. They discuss why Bitcoin is the canary in the coal mine for AI security, the release of Kimi K3, AI safety fearmongering, effective altruism, Peter Thiel's Antichrist warning, the BIP 110 fork, and where Bitcoin goes from here. Erin also shares her astrological outlook for the rest of 2026. Erin’s Website: <a href="https://www.erinredwing.com/">https://www.erinredwing.com/</a> Erin on X: <a href="https://x.com/realizingerin">https://x.com/realizingerin</a> Erin on YouTube: <a href="https://www.youtube.com/realizingerin">https://www.youtube.com/realizingerin</a> Erin on TikTok: <a href="https://www.tiktok.com/@realizingerin">https://www.tiktok.com/@realizingerin</a> The Bitcoin Playbook for Commercial Real Estate Owners & Investors: <a href="https://www.tftc.io/CRE">https://www.tftc.io/CRE</a> STACK SATS hat: <a href="https://tftcmerch.io/">https://tftcmerch.io/</a> Our newsletter: <a href="https://www.tftc.io/bitcoin-brief/">https://www.tftc.io/bitcoin-brief/</a> TFTC Elite (Ad-free & Discord): <a href="https://www.tftc.io/#/portal/signup/">https://www.tftc.io/#/portal/signup/</a> Discord: <a href="https://discord.gg/yHGkvYxdqT">https://discord.gg/yHGkvYxdqT</a> Opportunity Cost Extension: <a href="https://www.opportunitycost.app/">https://www.opportunitycost.app/</a> Shoutout to our sponsors: Block: <ul> <li>Cash App: For a limited time, new customers can get $21 added to their balance. Just use code TFTC10 when you sign up, and send at least $5 to a friend in the first two weeks. Terms apply. Bitcoin services by Block, Inc. See the Bitcoin disclosures at cash.app/legal/podcast.</li> <li>Square: Visit <a href="http://square.com/go/tftc">http://square.com/go/tftc</a> for up to $200 off eligible Square hardware.</li> <li>Bitkey: Use code TFTC10 for 10% off the new Bitkey.</li> </ul> Aven <a href="https://www.aven.com/bitcoin">https://www.aven.com/bitcoin</a> CrowdHealth <a href="https://www.joincrowdhealth.com/tftc">https://www.joincrowdhealth.com/tftc</a> Simple Mining <a href="https://www.simplemining.io/tftc">https://www.simplemining.io/tftc</a> Salt of the Earth: <a href="https://drinksote.com/tftc">https://drinksote.com/tftc</a> Join the TFTC Movement: Main YT Channel <a href="https://www.youtube.com/c/TFTC21/videos">https://www.youtube.com/c/TFTC21/videos</a> Clips YT Channel <a href="https://www.youtube.com/channel/UCUQcW3jxfQfEUS8kqR5pJtQ">https://www.youtube.com/channel/UCUQcW3jxfQfEUS8kqR5pJtQ</a> Website <a href="https://tftc.io/">https://tftc.io/</a> Newsletter <a href="http://tftc.io/bitcoin-brief/">tftc.io/bitcoin-brief/</a> Twitter <a href="https://twitter.com/tftc21">https://twitter.com/tftc21</a> Instagram <a href="https://www.instagram.com/tftc.io/">https://www.instagram.com/tftc.io/</a> Nostr <a href="https://primal.net/tftc">https://primal.net/tftc</a> Follow Marty Bent: Twitter <a href="https://twitter.com/martybent">https://twitter.com/martybent</a> Nostr <a href="https://primal.net/martybent">https://primal.net/martybent</a> Newsletter <a href="https://tftc.io/martys-bent/">https://tftc.io/martys-bent/</a> Podcast <a href="https://www.tftc.io/tag/podcasts/">https://www.tftc.io/tag/podcasts/</a> Disclosure: Bitcoin services are provided by Block, Inc. Bitcoin services are not licensable activity in all U.S. states and territories, and not all services are available in all states. Bitkey is not available in New York. Block, Inc. operates in New York as Block of Delaware and is licensed to engage in virtual currency business activity by the New York State Department of Financial Services. Bitcoin is a non-deposit, non-bank product that is not FDIC insured and involves risk, including monetary loss. For additional information, see the <a href="https://help.cash.app/btcdisclosures">Bitcoin disclosures</a>: <a href="https://help.cash.app/btcdisclosures">https://help.cash.app/btcdisclosures</a> Get up to $200 off Square hardware when you sign up at <a href="http://square.com/go/tftc">http://square.com/go/tftc</a>! #squarepartner. Offer expires December 31, 2026 at 11:59 pm PST. Offer for $40 off the cost of one Square Stand, $75 off the cost of one Square Terminal, $100 off the cost of one Square Handheld, or $200 off the cost of one Square Register, excluding applicable taxes. Limited to one discount per product type per seller account. Each code is limited to one redemption per account holder. Valid for new Square customers located in the US only. Offer not valid with guest checkout. Square reserves the right to modify, revoke or cancel the offer at any time. Offer cannot be combined with any other coupon. Void where prohibited, not redeemable for cash, and non-transferable. #squarepartner #blockpartner