00:01:54 – Intro: a road trip with Yonatan Sompolinsky 00:02:50 – Life since S16 E41: Oxford Union & the state of Kaspa 00:03:53 – Kaspa shipped covenants while Bitcoin debates OP_CAT 00:05:24 – Sequencing commitments & based apps explained 00:07:48 – Why OP_CAT alone can't do censorship-resistant based rollups 00:08:21 – BitVM & optimistic vs optimistically verified rollups 00:09:05 – ZK was born for privacy but lives for scaling 00:10:18 – "For the record, I'm very bearish on rollups" 00:13:27 – Ethereum quietly abandons the L2 roadmap 00:14:33 – What ZK is actually for: a thin L1 & separation of layers 00:16:05 – Kaspa follows Bitcoin's UTXO design principles 00:17:04 – Ephemeral logic: generalized atomic swaps 00:18:25 – Camera gymnastics & an Aston Martin 00:20:28 – What covenants won't give you: the DeFi Lego box 00:21:05 – One-time logic vs contract deployment 00:24:18 – The use case question & crypto's crisis of utility 00:27:17 – Bitcoin the turtle & the DAGKnight progress report 00:29:17 – DAGKnight: 49% Byzantine resilience, no latency parameter 00:30:50 – Why 100 BPS on GHOSTDAG would 8x confirmation times 00:31:21 – Sponsors: Cake Wallet, LayerTwo Labs, Braiins, Orange Rock & SideShift 00:35:33 – Zcash made a comeback 00:36:19 – The mental map: where Kaspa is unique 00:39:49 – Real-time decentralization: sampling the honest majority 00:40:47 – Solana & Hyperliquid: fast, but led by one 00:43:46 – Only proof of work bundles proposing & content 00:45:35 – A bear market in usage, not just price 00:46:53 – Old-world use case: bridges & oracles 00:48:22 – Tourism break: Bușteni, mascots & ski resorts 00:50:38 – Hit-and-run agents & the agentic economy 00:52:06 – Having your cake and eating it too 00:55:32 – Vlad on Ecash, miner fees & Satoshi's biggest bet 00:57:37 – Sinaia & the royal train station 00:58:38 – "Bitcoin is dead boring to me at this stage" 01:00:50 – Ironwood, verifiable supply & Tachyon 01:01:39 – Driving like six confirmations 01:02:59 – The tectonic shift nobody noticed: verifying the supply 01:04:43 – The bug & Zcash's unfixable history 01:07:04 – Kaspa's pruning vs historical correctness 01:09:12 – How Zcash's rise paves the way for Kaspa 01:10:17 – The Zooko sleeping-in-the-car story 01:11:32 – "Just launch": Zooko one day before the Sapling bug 01:13:05 – Downplaying the bug & the counterfeit scenario 01:15:34 – Peter Todd's demurrage & the Ironwood migration 01:18:25 – Would any other coin survive this? 01:19:55 – Ethereum's identity crisis 01:22:28 – Back to L1: too little, too late; Solana's cohesion 01:23:46 – Oxford Union & political ambitions 01:25:44 – Hayek: true vs false individualism 01:27:04 – The isolated individual: Lopp, Poelstra & early Bitcoiners 01:33:52 – The enthusiastic individualist 01:35:52 – Coordination markets & Project Stag Hunt 01:36:19 – Prisoner's dilemma vs stag hunt 01:37:24 – Moloch, the demon of defection 01:38:30 – Part 2: stag hunt as the optimistic game 01:43:55 – Intents & NEAR Intents 01:45:15 – Intents vs smart contracts 01:46:41 – Part 3: Rousseau's ape men 01:51:05 – Intendos: "if many sign this, consider mine signed" 01:53:04 – Example: migrating a liquidity pool together 01:54:54 – Pack formation & threshold homomorphic encryption 01:57:02 – Actionable but not committed 01:58:38 – The Netflix example: voice for the scattered majority 02:02:56 – Who are the stags we need to hunt? 02:03:31 – Minarchist, anarchist or libertarian? 02:04:52 – Stag = shared utility; escaping Ethereum's L2 mess 02:07:48 – Composable Nintendos 02:09:18 – Exiting network effects 02:10:31 – The Kaspa-Ethereum overlap: GHOST & Casper 02:13:15 – "I don't like DAGs": it's just a data structure 02:14:11 – Why DAGKnight survives a world war 02:16:42 – Michael Sutton & the Argent language 02:18:18 – Bypassing the impossibility theorem 02:19:26 – Ahead of his time or poor communicator? 02:20:51 – BPS vs TPS