Episodes

Episode 4 | The Block Size War: How Bitcoin Survived Its Own Civil War What happens when powerful groups fight over who controls the rules of a system no one owns? In this episode, Watson, B. Sovereign, and Drew review The Block Size War by Jonathan Bier— the inside story of Bitcoin's most consequential internal conflict. From 2015 to 2017, two camps clashed over a deceptively simple question: should Bitcoin increase its block size to compete with Visa? But the real fight wasn't about megabytes...

The Bitlemmas Podcast – "Slicing Pie: Fair Ownership Without Fantasy Valuations" Host: Watson | Guests: B. Sovereign & Drew Breaking down Slicing Pie by Mike Moyer, the must-read book on startup equity Why fixed splits (50/50, 33/33/33) feel fair but almost always backfire solution: a dynamic contribution ledger that tracks inputs over time instead of locking in ownership upfront - The concept of "fairness debt" — the invisible gap between what people feel owed and what they actually get - How the Grunt Fund works: hours, cash, and assets converted to equity using risk-based multipliers (2x for unpaid time, 4x for cash) - Real-world parallels: startup horror stories, music industry exploitation, and lessons from underwriting Key insight: you don't need a valuation — you need agreed-upon conversion rules Closing provocation: consent doesn't make a contract fair Follow along at bitlemmas.com

What if the most resilient organizations in history succeeded precisely because they had no leader to overthrow? In the second episode of The Bitlemmas Podcast, host Watson breaks down The Starfish and the Spider by Ori Brafman and Rod Beckstrom — a book that flips conventional wisdom about leadership, power, and organizational design on its head. Watson walks through the book's central argument: that centralized ("spider") organizations are fast and efficient, but dangerously brittle — they ha...

In this debut episode of the BitLemmas Podcast, Watson walks through a detailed review of Jeff Booth's The Price of Tomorrow: Why Deflation Is the Key to an Abundant Future. The discussion covers Booth's core argument that technology is inherently deflationary — meaning prices should be falling as outputs rise — but our debt-dependent economic system actively fights that deflation through money printing, easy credit, and central bank intervention. Watson breaks down four key concepts from the b...