Fiat markets are cracking, and Bitcoin is tearing itself apart in a spam war. Both point to an impending reckoning.

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Show Notes

• Long-Dated Bond Yields in Europe Surge to Decade-Plus Highs (https://www.wsj.com/livecoverage/stock-market-today-dow-sp-500-nasdaq-09-02-2025/card/long-dated-bond-yields-in-europe-surge-to-decade-plus-highs-cBFofLdUNMh5tpoIifs1)

• Treasuries Join Global Bond Selloff With 30-Year Yield Near 5% (https://finance.yahoo.com/news/treasury-yields-rise-30-near-134911420.html)

• Employment Situation | FRED | St. Louis Fed (https://fred.stlouisfed.org/release?rid=50&soid=22)

• Canadian economy shrinks 1.6% in 2nd quarter (https://www.cbc.ca/news/business/canada-gdp-q2-1.7620878)

• Billionaire Ray Dalio Links Bitcoin’s Rise to ‘Debt-Fueled Heart Attack’ in U.S. (https://decrypt.co/337925/billionaire-ray-dalio-bitcoins-rise-debt-attack-u-s)

• Revisions to BLS employment data | FRED Blog (https://fredblog.stlouisfed.org/2025/08/revisions-to-bls-employment-data/)

• New Bitcoin Software Version Will Raise OP_RETURN Data Cap as Debate Concludes (https://www.coindesk.com/tech/2025/06/10/bitcoin-core-30-to-increase-op_return-data-limit-after-developer-debate-concludes)

• Release Schedule for 30.0 (https://github.com/bitcoin/bitcoin/issues/32275)

• The battle between Bitcoin Core vs Knots is getting ugly (https://cryptorank.io/news/feed/fe8de-the-battle-between-bitcoin-core-vs-knots-is-getting-ugly)

• Bitcoin Core vs Knots: Debate Intensifies Over Network Direction (https://bitbo.io/news/bitcoin-core-knots-battle/)

• The Bitcoin Mempool: Relay Network Dynamics (https://bitcoinmagazine.com/technical/the-bitcoin-mempool-relay-network-dynamics)

• Release Wasabi Wallet v2.7.0 (https://github.com/WalletWasabi/WalletWasabi/releases/tag/v2.7.0)

• Why Business Owners Are Putting 22% of Profits Into Bitcoin (https://blog.river.com/river-business-report-2025/)

• PDF: River Research Report on Business Owners Buying Bitcoin (https://river.com/learn/files/river-business-report-2025.pdf)

• Peter Van Valkenburg explains Bitcoin (https://www.c-span.org/clip/senate-committee/user-clip-peter-van-valkenburg-explains-bitcoin/5025258)

Music

• That’s Okay By: Fepeste (https://podcastindex.org/podcast/7458607?episode=41528196206)