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b"Bitcoin and DeFi certainly don't sound like they belong in the same sentence. But cypherpunk Eric Martindale, accompanied by community builder and Silicon Valley BTC meetup organizer George Burke, are creating Portal: DeFi on Bitcoin layer 3. This episode is sponsored by Vaultoro, Wasabi Wallet, and Bitcoin Reserve. They're some of the finest, most useful, and most principled companies in the space, so you better check them out. Time stamps: 01:39 \\u2013 The Silicon Valley Bitcoin meet-up (which George Burke currently organizes) 02:58 \\u2013 DeFi on Bitcoin\\u2019s layer 2 06:05 \\u2013 What does Bitcoin maximalism actually mean? 10:22 \\u2013 Why are layers necessary in Bitcoin development and why was Portal built on Lightning as opposed to Liquid? 14:20 \\u2013 What is a layer 3 and why is Portal one? 21:32 \\u2013 How Portal is using layer 3 and the ability to post orders 40:25 \\u2013 Bitcoin privacy really matters 50:25 \\u2013 Being lazy with privacy also makes governments lazy with their CBDCs 1:04:16 \\u2013 Why it\\u2019s hard to find Bitcoin Core developers 01:07:30 \\u2013 Eric Martindale\\u2019s \\u201cPrivacy First\\u201d principle 01:11:30 \\u2013 Why buying a pre-built node reintroduces trust in a trust-minimized system 1:15:45 \\u2013 RISC V boards for Bitcoin nodes 1:20:53 \\u2013 Eric Martindale is like a younger David Chaum 1:21:30 \\u2013 What is the ELI5 explanation for Portal? 1:22:50 \\u2013 What is Portal\\u2019s monetization model?"