He Minted Fake Tokens, Drained the Pool, and Bragged in the Wrong Group Chat

CHAPTERS
00:00 Intro
00:26 Who Gabe is and what Subfrost does
01:56 Finding traction in a bear market
02:20 The China road trip and an unexpected user base
04:32 Alkanes' share of Bitcoin block space, in Gabe's numbers
05:30 How trustless can Bitcoin smart contracts really be?
06:06 Progressive decentralization: nine signers, then doxxed, then permissionless
08:59 Current TVL
09:03 The L2 misconception and the UTXO model
10:44 Spam, BIP-110, and where Gabe thinks censorship starts
14:25 The TAM argument: ETFs, perps, and moving Bitcoin on chain
18:07 Institutional Bitcoin: what it opens up and what it risks
24:44 Will younger holders ever self-custody?
28:25 Where did Bitcoin's volatility go?
33:27 Why build on Bitcoin instead of another chain
37:05 July 2: the attempted drain of frBTC
41:13 The failsafe, the halted unwraps, and the cleanup
43:50 The free audit, and the one they paid for
44:53 Stablecoins, KYC, and the third route
47:53 One year out: indexers, apps, and dxBTC
51:44 Where to find Gabe