In this episode, I delve into the world of Bitcoin and privacy with expert Matt Odell. We touch on Odell's personal journey towards Bitcoin, his philosophical stance on its role in society, and the potential future challenges and innovations on the horizon. As a vocal advocate for privacy and decentralized technologies, Odell highlights the stark implications of privacy in our increasingly digital society, and the central role of Bitcoin within it. He elaborates on the misconceptions about Bitcoin's privacy features, its challenges, and the technical efforts required to maintain privacy and anonymity. We also discuss the the recent alarming examples of government overreach, including the Tornado Cash developer sentencing and the Wasabi founders being charged with running an illegal money transmitter. Will self custody be the next casualty? The topic of scaling Bitcoin is also explored, with Odell discussing the challenges of increasing Bitcoin's transaction capacity while maintaining its decentralized nature. He shares his perspective on different paths to scaling, and their potential impacts on privacy and user autonomy. His commentary extends to the role of software, emphasizing the need for software development decisions which take into consideration the reality of the privacy neglecting practices of the average Bitcoin user. Chapters (00:02:00) - Meet Matt O'Dell: Bitcoin Advocate and Open Source Leader (00:05:00) - Purpose‑Driven Career and Ethical Investing in Bitcoin (00:08:15) - Bitcoin Origins: From 2008 Financial Crisis to 2013 Snowden Leaks (00:15:00) - Government Crackdowns on Privacy Tech and Money Transmission Laws (00:22:00) - War on Privacy and the Legal Front for Developers (00:26:30) - ETF Adoption, Self‑Custody, and the Boiling Frog Effect (00:31:30) - Can Bitcoin Be Captured or Controlled? Individual Vs System Attack (00:39:00) - Privacy Coins and Why O'Dell Still Chooses Bitcoin (00:47:30) - Ossification Debate and The Risks of Hard Forks (01:00:30) - Corporate Influence, BlackRock Threats, and Market Game Theory (01:08:00) - Corporate Adoption, MicroStrategy and the ETF Era (01:18:00) - Scaling Bitcoin Ethically Through eCash and Fedimints (01:29:00) - Nostr, Free Speech and a Decentralised Digital Future (01:37:00) - NSA Backdoors, Cryptography, and Trust in Open Source (01:44:00) - Closing Thoughts and OpenSats Support Split Guest Links Odell on Nostr (Link: https://tinyurl.com/5y7jb787) Ten31 (Link: https://ten31.vc/) OpenSats (Link: https://opensats.org/) Citadel Dispatch (Link: https://citadeldispatch.com/) Rabbit Hole Recap (Link: https://rhr.tv/) References from the episode Mathematical cryptography - Trapdoor functions [Math & Tea] (Link: https://www.youtube.com/watch?v=QGmSR5jLHn0&ab_channel=MathAndTea) What is a trapdoor function? [internet-class] (Link: https://www.youtube.com/watch?v=mxLfrZrXC-g&ab_channel=internet-class) Affiliate Links Surfshark: VPN / Antivirus / Incogni Fountain: https://fountain.fm/jonnyhodl?code=3a917f606b Podcast Website: http://www.stayingfreepod.com/ Links to all platforms: https://linktr.ee/stayingfreepod Host Twitter: https://twitter.com/jonnyhodl Podcast Twitter: https://twitter.com/stayingfreepod Donate to the Podcast: https://www.buymeacoffee.com/stayingfreepod Donate with Bitcoin: https://tippin.me/@jonnyhodl / bc1qvgktg2uurp69cf5xepjhunwhp6skxrf69hmq82 Donate with Lightning: https://tipybit.com/stayingfreepod / ⚡️jonnyhodl@getalby.com Huge thank you to my generous supporters Pim Mark A Parallel Mike