Podcasts/The Bitcoin Way Podcast/How Bitcoin ACTUALLY Dies | Luke de Wolf
The Bitcoin Way Podcast

How Bitcoin ACTUALLY Dies | Luke de Wolf

June 3, 2026Β·58mΒ·w/ Luke de Wolf

Show Notes

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In episode #117 of The Bitcoin Way Podcast, Michael Jordan sits down with industrial cybersecurity expert Luke de Wolf to break down the real threats facing Bitcoin β€” and how to defend against them.

Drawing on his book Defending Bitcoin, Luke makes the case that Bitcoin is becoming critical infrastructure, and walks through security at every layer: from individual self-custody, privacy, and multisig to the systemic risks that matter most.

The conversation covers mining pool centralization, governance concentration around Bitcoin Core, financial attacks like debanking and CBDCs, and the surprising truth about how Bitcoin could actually die β€” not from quantum or a single attack, but from complacency.

Essential viewing for anyone serious about understanding Bitcoin’s true security and how to protect it.

Follow Luke on X at https://x.com/lukedewolf, get his book Defending Bitcoin at https://defendingbitcoin.com, and check out BTC Hel at https://btchel.com.

TIMESTAMPS:

00:00 Introduction

01:46 Defending Bitcoin & the Monetary Grid

06:11 Self-Custody & Getting Off Exchanges

08:43 Privacy as a Defense Layer

10:40 The CIA Triad & Digital Security

12:00 Network-Level Threats & Decentralization

16:15 Node Threats & Implementations

18:30 Mining Pool Centralization

20:23 Decentralization as Personal Responsibility

21:57 Security vs. Convenience

24:29 Self-Custody, Nodes & Hash Rate

26:16 Renting Hash Rate & Multisig

28:38 Governance & Bitcoin Core

37:01 The Book's Endorsers

38:15 Larry Lepard's SIM-Swap Story

42:16 Debanking, CBDCs & Operation Chokepoint

46:30 How Bitcoin Dies: Complacency & Quantum

52:06 Call to Action

52:52 BTC Hel Conference

55:29 Where to Get the Book

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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.

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

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