Skip to main content
Steve Simple

Steve Simple

Steve "Simple Steve" Jeffress — bitcoiner and creator of the UTXOracle Bitcoin price-oracle project, recurring panelist on Guy Swann's Bitcoin Audible roundtable episodes.

Oct 6, 2026

70:12
Sorry, what are you saying, Steve?
70:14
I was just going to give another example of this explosion.
70:19
So this week, I had a problem.
70:21
I'm talking about my point of sale system for my bar and integrating the sales data with QuickBooks and stuff.
70:30
And somebody had a weird credit card from Canada or something.
70:34
And my integration didn't know how to deal with it and stuff.
70:39
And I was getting frustrated about the call support.

36 MINS LATER

106:59
Our grocery bills are so bad.
106:50
This is
106:51
why I think knots or, or some other competing client that is very conservative and very stable, but that offers filters and options and, and kind of counters everything core is doing is super duper important.
107:06
Um, and, and, and I think just like slow and easy, you know, like being patient and allowing, giving people, um, I would assume it would take years to give people the time to adopt these things, the time to get on board with the conservative approach to Bitcoin or whatever.
107:28
If you create a conservative alternative client, And your goal is to attract people that haven't updated their core client in like five years, then you should expect that it might take five years for them to adopt your client.
107:44
You know what I mean? Like so.
107:47
So like I think it's a naturally painfully slow process.
107:54
I set up a knots node, but then my node got like, I've been moving around.

12 MINS LATER

120:26
No,
20:33
Yeah, but
20:33
just think about the logic here.
20:35
They're saying that they released firmware that fixed the problem, right? They're saying this.
20:43
So that means that the problem was in the firmware.
20:49
It was identifiable.
20:52
And when they made this new firmware, they confirmed that the firmware was indeed pulling the real random numbers from the true random number generator.
21:03
That means they have the possibility to confirm That the firmware is pulling the numbers from the true random number generator.

6 MINS LATER

27:34
you're gonna release this later yeah if anybody has a cold card and they still haven't moved it away um as of this recording i have yet to i've been watching carefully or closely um for anybody with a mark 4 mark 5 or q to who's got hit and so far i haven't seen it Um, which means they haven't seen what, uh, mark four, mark five or Q get wiped
4:42
[laughs]
4:44
Like, it's just insane.
4:46
Um, so I've been like...
4:49
I don't know.
4:49
I do-- I go on these curiosities, I find these things, and I plot some of this stuff on Twitter or I show it.
4:58
Um, it never gets much traction, but I kinda feel like this is my contribution to the effort, is to show people how there really are two different, um, communities in Bitcoin.
5:11
It's not like there's a, a blend.

1 HR 23 MINS LATER

88:43
Yeah

We value your privacy

We use cookies to understand how you use our platform and to improve your experience. Click “Accept All” to consent, or “Decline non-essential” to opt out of non-essential cookies. Read our Privacy Policy.