# Debt Always Wins

URL: /show/this-week-in-bitcoin/119/
> Washington reaches for Hamiltonian economics, the bond market pushes back, and Bitcoin rips for exactly the reasons Bitcoiners warned about.

- Show: [This Week In Bitcoin](/show/this-week-in-bitcoin/)
- Episode: 119
- Date: 2026-08-19
- Hosts: chris
- Duration: 01:01:48
- Audio: https://feeds.fountain.fm/40huHEEF6JMPGYctMuUI/items/66C2G8oi639jHXaEQtYt/files/AUDIO---DEFAULT---ff9c701c-924b-44d9-b1fa-5d925feb024b.mp3


Transcripts: [application/x-subrip](https://feeds.fountain.fm/40huHEEF6JMPGYctMuUI/items/66C2G8oi639jHXaEQtYt/files/AUDIO---TRANSCRIPT---DEFAULT---SRT.srt)




### Episode Links

* 🎉 [Boost from the Web](https://boost.jupiterbroadcasting.com/?show=twib)
* 🇺🇸 [Buy Sats on River](https://partner.river.com/jupiter) \- The best way to stack in the US
* 🇨🇦 [The Bitcoin Well](https://www.bitcoinwell.com/jupiter) \- An amazing automatic self-custody Bitcoin platform
* 💳 [The Bitcoin Company](https://app.thebitcoincompany.com/signup?ref=JUPITER) \- Spending your Bitcoin Via Lightning
* 🏦 [Fold Card](https://use.foldapp.com/r/XNHPXTFC) \- Pay bills Stack Sats
* 💵 [SALT Lending](https://borrower.saltlending.com/register?referralCode=GkPQdbqWG) \- Get access to your BTC Value w/out Selling
* ⚡ [Strike](https://invite.strike.me/0J3RYF) \- Ultra-low fees, high trading limits, and easy loans.

**Show Notes**

* [BIP-110 Post Mortem](https://blog.lopp.net/bip-110-post-mortem/)
* [Luke Dashjr Proposes BLAKE2b Bitcoin Hard Fork](https://github.com/bitcoinknots/bitcoin/pull/359)
* [Monetary Nodes: A Spam-Free Bitcoin Without a Fork](https://sambitcoin.github.io/BitcoinMonetaryNode/)
* [Lyn Alden on Bitcoin Fee-Based Security](https://www.lynalden.com/bitcoin-security-modeling/)
* [Bitcoin ETF Inflows Hit $137 Million](https://coinedition.com/bitcoin-etf-inflows-hit-137m-should-retail-traders-buy-the-dip-or-wait/)
* [Treasury Doubles Long-Term Bond Buybacks](https://home.treasury.gov/news/press-releases/sb0607)
* [Treasury Steps In as Long-Bond Yields Surge](https://www.reuters.com/world/us-treasury-double-sizes-some-debt-buyback-operations-least-4-billion-2026-08-19/)
* [Critical Takes on Treasury's Bond Buyback Intervention](https://www.reuters.com/legal/transactional/view-us-treasury-will-double-some-bond-buy-backs-2026-08-19/)
* [Why Bessent Is Playing With the Treasury Market](https://www.wsj.com/finance/investing/why-scott-bessent-is-playing-with-the-treasury-market-828256d4)
* [US Debt Forces Investors to Demand Higher Returns](https://www.reuters.com/legal/transactional/us-debt-mounts-investors-demand-higher-returns-lend-2026-08-18/)
* [Global Bond Rout Puts Governments on Notice](https://www.reuters.com/world/china/selling-grips-bond-markets-us-japan-inflation-fiscal-worries-take-hold-2026-08-18/)
* [30-Year Treasury Yield Hits Highest Since 2007](https://www.reuters.com/business/us-30-year-yields-hit-highest-level-since-2007-war-oil-worries-fester-2026-08-18/)
* [Foreign Holdings of US Treasuries Fall](https://www.reuters.com/world/china/foreign-holdings-us-treasuries-fall-june-led-by-japan-uk-china-data-shows-2026-08-17/)
* [Dollar Drops After Treasury Expands Bond Buybacks](https://www.reuters.com/world/africa/dollar-drifts-near-multi-month-lows-treasury-yields-ease-fed-minutes-awaited-2026-08-19/)
* [Gold Surges as Treasury Buybacks Hit Yields and Dollar](https://www.reuters.com/world/india/gold-inches-higher-focus-fed-minutes-2026-08-19/)
* [Fed Minutes Show Growing Inflation Concerns](https://www.reuters.com/business/fed-policymakers-inflation-concerns-increased-july-meeting-minutes-show-2026-08-19/)
* [Oil and Debt Fears Drive Global Borrowing Costs Higher](https://www.theguardian.com/business/live/2026/aug/17/british-house-prices-fall-burnham-interest-rates-oil-bank-taxes-stock-markets-live-updates)
* [Oil Above $90 Revives US Inflation Fears](https://apnews.com/article/bf398d5a01f611921c0b48a8bfc884d9)
* [Soft US Data Keeps Pressure on the Dollar](https://www.bbh.com/us/en/insights/blog/mind-on-the-markets/Drivers-for-the-Week-of-August-17-2026.html)
* [Metaplanet Commits 2,100 BTC to US Treasury Venture](https://crypto.news/metaplanet-commits-2100-btc-to-launch-us-treasury/)
* [BlackRock Reaffirms Bitcoin Investment Case](https://www.benzinga.com/crypto/cryptocurrency/26/08/61285990/bitcoins-investment-case-hasnt-changed-blackrock-says-backs-up-to-2-portfolio-allocation)
* [Citi Plans Bitcoin Custody Alongside Stocks and Bonds](https://www.cryptopolitan.com/citi-bitcoin-custody-custody-plus-platform/)
* [Large Holders Pour $2.75 Billion Into Bitcoin](https://www.pymnts.com/blockchain/bitcoin/2026/large-holders-pour-2-75-billion-into-bitcoin-after-months-of-selling/)
* [Bitwise Sees Bitcoin Substantially Higher by Year-End](https://www.cnbc.com/video/2026/07/15/bitcoin-at-a-turning-point-could-be-substantially-higher-by-year-end-says-bitwise-cio.html)
* [JD Vance and the Dollar's Reserve Currency Role](https://x.com/philwmagness/status/2088276071862960554)
* [JD Vance Is Right](https://www.thefai.org/posts/jd-vance-is-right)
* [Can the Dollar Maintain Its Exorbitant Privilege?](https://www.aljazeera.com/economy/2025/7/30/exorbitant-privilege-can-the-us-dollar-maintain-its-global-dominance)
* [Electrum 4.8.1 Released With Security Fixes](https://github.com/spesmilo/electrum/blob/master/RELEASE-NOTES)
* [BitBox Warns Users About Severe Vulnerability](https://bitcoinmagazine.com/news/bitbox-warns-users-about-vulnerability)
* [BitBox 08.2026 Dixence Update](https://blog.bitbox.swiss/en/bitbox-08-2026-dixence-update/)
* [Hunting Down the Coldcard Hacker](https://bitcoinmagazine.com/technical/hunting-down-the-coldcard-hacker-wave-1-thief-may-be-known-to-fbi)
* [Zeus Security Incident Post-Mortem](https://zeusln.com/blog/post-mortem-security-update-august-5th-2026/)
* [DOJ Developer Exemptions](https://www.therage.co/blanche-vegas/)
* [World Gold Council CEO Says Bitcoin Will Go to Zero](https://finance.yahoo.com/markets/crypto/articles/bitcoin-eventually-zero-world-gold-091106234.html)
* [CNBC on the CLARITY Act and White House Meeting](https://youtube.com/watch?v=yjgj3VMIKv4)
* [Bitwise Says Crypto Can Grow Without the CLARITY Act](https://www.htx.com/news/bitwise-cryptocurrency-market-will-grow-even-if-the-clarity-kcE7YLaz/)