Today we get honest about the market’s headless-chicken phase—rapid mini-narratives, doom charts, and strategy tokens that can’t sustain themselves—and make the case for substance over hype. We break down why real primitives create year-long metas, revisit what made Ordinals and Pump meaningful, and explain how @natgmi/DMT differs by tying activity to Bitcoin’s security budget instead of short-lived speculation. We look at the collapse pattern in “NFT strategy” models, outline what a viable revenue flywheel would actually require, and discuss exporting Bitcoin-derived signals into developer-friendly environments while directing value back to miners. If you’re a miner or developer evaluating where to spend time, this episode lays out why NAT has persisted while other ordinal-era assets faded, what “substance” really means in product terms, and how builders can participate in the next phase. Share your take in the comments, DM us, and join the Telegram to plug into the creator call we’re planning. Thanks for watching—see you in the next podcast.

Topics:

1. First up, we get honest about the market’s headless-chicken phase—rapid mini-narratives, doom charts, and strategy tokens that can’t sustain themselves
2. Next, break down why real primitives create year-long metas, revisit what made Ordinals and Pump meaningful
3. and Finally, look at the collapse pattern in “NFT strategy” models, and discuss exporting Bitcoin-derived signals into developer-friendly environments

Please like and subscribe on your favorite podcasting app!

Sign up for a free newsletter: www.theblockrunner.com

Follow us on: Youtube: https://bit.ly/TBlkRnnrYouTube

Twitter: bit.ly/TBR-Twitter

Telegram: bit.ly/TBR-Telegram

Discord: bit.ly/TBR-Discord

We connect the macro to the miner. Gold at highs, BRICS hedging, and the sudden flood of stablecoin rails from Big Tech and fintech aren’t random—together they outline how the U.S. could accumulate Bitcoin through balance-sheet proxies (think corporate treasuries and miners) instead of a headline-grabbing “sell gold, buy BTC.” If Bitcoin is the new reserve asset, its long-run security budget can’t rely on price doubling forever or on “fees will save us.” We dig into why miners keep going bankrupt post-halvings, how AI is siphoning racks and power, what a policy path of subsidies for home nodes/miners might look like, and why that still isn’t enough to keep Bitcoin credibly neutral.

Enter NAT: a parallel, market-driven subsidy that pays miners without touching 21M—designed to counter deflationary hardware trends and reduce centralization pressure. We cover who would actually buy NAT (and why we want miners to sell it), the “strategic reserve via companies” thesis, and how this all fits the next 100 years of dollar rails, stablecoins, and energy. If you’re a miner, dev, or serious Bitcoiner who cares about durability over vibes, this one’s for you. Nothing here is financial advice.

Topics:

1. First up, We connect the macro to the miner. Gold at highs, BRICS hedging, and the sudden flood of stablecoin rails from Big Tech and fintech aren’t random

2. Next, If Bitcoin is the new reserve asset, its long-run security budget can’t rely on price doubling forever or on “fees will save us.”

3. and Finally, covering who would actually buy NAT (and why we want miners to sell it)

Please like and subscribe on your favorite podcasting app!

Sign up for a free newsletter: www.theblockrunner.com

Follow us on: Youtube: https://bit.ly/TBlkRnnrYouTube

Twitter: bit.ly/TBR-Twitter

Telegram: bit.ly/TBR-Telegram

Discord: bit.ly/TBR-Discord

DMT isn't just a meme; it might be the only way to uncover the hidden architecture of Bitcoin. We explore how pattern-driven token issuance, like NAT, could become the foundation for a more secure and decentralized mining future. If you're still laughing at 69s in block headers, you're missing the bigger threat: a Bitcoin security collapse that ends in miner centralization or state capture. We lay out the geopolitical stakes, the infrastructure behind DMT, and why NAT might not just be a token but the thing that keeps Bitcoin from becoming the next dollar.

Topics:

1. First up, DMT isn't just a meme; it might be the only way to uncover the hidden architecture of Bitcoin.
2. Next, exploring how pattern-driven token issuance, like NAT, could become the foundation for a more secure and decentralized mining future.
3. and Finally, laying out the geopolitical stakes, the infrastructure behind DMT, and why NAT might not just be a token but the thing that keeps Bitcoin from becoming the next dollar.

Please like and subscribe on your favorite podcasting app!

Sign up for a free newsletter: www.theblockrunner.com

Follow us on: Youtube: https://bit.ly/TBlkRnnrYouTube

Twitter: bit.ly/TBR-Twitter

Telegram: bit.ly/TBR-Telegram

Discord: bit.ly/TBR-Discord

We continue unpacking the NATpaper with Part 2 — diving deep into why $NAT has evolved from a novel idea to a structural necessity for Bitcoin’s long-term sustainability. With @SpiderPool_com, one of Bitcoin's largest mining pools, officially integrating @natgmi rewards, we're witnessing the early stages of an alternate security model being adopted at scale. We explore the fundamental question: can Bitcoin survive as a global monetary system without rethinking its incentive structure?

From dissecting Michael Saylor’s shifting perspective to drawing parallels between @blockbuster collapse and Bitcoin’s resistance to innovation, we lay out the full picture of what’s at stake. This isn't just about NAT anymore — it's about whether Bitcoin remains decentralized or becomes a Ponzi for sovereign nations.

We explain how NAT enables a second subsidy, how it ties directly to miner activity via the bits field, and why DMT opens the door to Bitcoin-aligned utility across other chains. If you’re a miner, developer, or policymaker — this is your blueprint for how Bitcoin can evolve without compromising its core ethos.

This is NATstoppable. Let's build forward.

Topics:

1. First up, Spiderpool becomes the first major Bitcoin miner to integrate NAT rewards, signaling real adoption of a second subsidy.
2. Next, the team breaks down the deeper implications of this move — questioning Bitcoin’s long-term sustainability and the flawed assumption that price alone will secure the network.
3. Then, revisiting Michael Saylor’s evolving stance on protocol changes and contrast it with the Knots vs Core debate, raising the alarm on complacency in Bitcoin.
4. And finally, outlining how NAT and DMT unlock a minimally invasive model for decentralized apps to return value to Bitcoin—without parasitically draining it.

Please like and subscribe on your favorite podcasting app!

Sign up for a free newsletter: www.theblockrunner.com

Follow us on: Youtube: https://bit.ly/TBlkRnnrYouTube

Twitter: bit.ly/TBR-Twitter

Telegram: bit.ly/TBR-Telegram

Discord: bit.ly/TBR-Discord

Is Bitcoin’s security future-proof? We dive deep into why Bitcoin’s long-term survival hinges on increasing its cost of attack—and how $NAT may be the missing piece. We explore the uncomfortable truth: Bitcoin isn’t being used as peer-to-peer cash, and the current fee model may not be enough to sustain its security past 2140.

We challenge core assumptions about BTC’s future, question the infinite doubling thesis, and unpack how @natgmi aims to subsidize miners, increase decentralization, and reinforce Bitcoin’s cost of attack without altering its monetary policy.

From trillion-dollar hypotheticals to hardware realities, this is part 1 of our breakdown of the NATpaper.

Topics:

1. First up, they explore why Bitcoin’s value doesn’t come from its market cap, but rather its cost of attack — and how that defines its long-term viability.

2. Next, they break down why Bitcoin alone may not be able to sustain its own security budget forever, especially as mining rewards approach zero by 2140.

3. Then, they introduce the NAT token as a potential solution — not just a subsidy, but a parallel system to reinforce Bitcoin’s decentralization and resilience.

4. And finally, they take on critics like Adam Back and lay the foundation for NAT’s origin, design, and why it may be the most important innovation since Bitcoin itself.

Please like and subscribe on your favorite podcasting app!

Sign up for a free newsletter: www.theblockrunner.com

Follow us on: Youtube: https://bit.ly/TBlkRnnrYouTube

Twitter: bit.ly/TBR-Twitter

Telegram: bit.ly/TBR-Telegram

Discord: bit.ly/TBR-Discord

Topics:

1. First up, revisit Bitcoin DeFi through the lens of this cycle’s emerging “industry cook”: digital-asset treasury companies.
2. Next, Do we really need native Bitcoin primitives, or will off-chain/custodial routes—UTXO time-locks and loan products be enough to make BTC productive?
3. and Finally, we pressure-test trench metas like Pokémon “phygital” and map where the music could stop.

Please like and subscribe on your favorite podcasting app!

Sign up for a free newsletter: www.theblockrunner.com

Follow us on: Youtube: https://bit.ly/TBlkRnnrYouTube

Twitter: bit.ly/TBR-Twitter

Telegram: bit.ly/TBR-Telegram

Discord: bit.ly/TBR-Discord

Topics:

1. First up, Bitcoin might be hitting new highs—but under the surface, its economic engine is breaking.
2. Next, ive deep into the looming security budget crisis threatening Bitcoin’s future
3. and Finally, why Digital Matter Theory and the NAT token could be the lifeline that get bitcoin secured

Please like and subscribe on your favorite podcasting app!

Sign up for a free newsletter: www.theblockrunner.com

Follow us on: Youtube: https://bit.ly/TBlkRnnrYouTube

Twitter: bit.ly/TBR-Twitter

Telegram: bit.ly/TBR-Telegram

Discord: bit.ly/TBR-Discord

We take a hard look at the current state of crypto and why so much of it feels broken. From scam tokens and insider trading to fake engagement and deceptive marketing, the noise makes it nearly impossible to separate real projects from the endless stream of grifts.

We share our own experience with $NAT, a project built to solve real problems but held back by industry “standards” like inflated social metrics and bought followers—tactics we refuse to use. This puts us at a crossroads: do we play the dirty game to gain traction, or stick to a cypherpunk ethos of organic growth and community-first building?

In this episode, we wrestle with that tension and argue for a shift toward substance, sustainability, and real community-driven initiatives—drawing inspiration from how companies like Apple built enduring value over decades, not hype cycles.

Topics:

1. First up, look at the current state of crypto and why so much of it feels broken.
2. Next, From scam tokens and insider trading to fake engagement and deceptive marketing, the noise makes it nearly impossible to separate real projects from the endless stream of grifts.
3. and Finally, we wrestle with that tension on real community-driven initiatives

Please like and subscribe on your favorite podcasting app!

Sign up for a free newsletter: www.theblockrunner.com

Follow us on: Youtube: https://bit.ly/TBlkRnnrYouTube

Twitter: bit.ly/TBR-Twitter

Telegram: bit.ly/TBR-Telegram

Discord: bit.ly/TBR-Discord