{"podcast":{"title":"Good for Bitcoin","slug":"good-for-bitcoin-7094119","podcast_index_feed_id":7094119,"rss_url":"https://api.riverside.fm/hosting/C5gPzgE5.rss","website_url":"https://goodforbitcoin.com","image_url":"https://hosting-media.riverside.com/media/imports/podcasts/885f61ba-94d8-4e05-9981-fc78b506f0ef/41833468-1758676136499-564c5ab02c112.jpg","author":"Brandon Marshall & Kate Parkman","episode_count":107,"summary":"Good For Bitcoin is a weekly show recorded live every Friday where we recap events of the week and talk about everything good for Bitcoin. If it’s built on Bitcoin, then it’s Good for Bitcoin!","last_synced_at":"2026-07-04T18:20:14.458202+00:00","page_url":"https://stenobird.com/podcast/good-for-bitcoin-7094119"},"episode":{"title":"Inside Hermetica's hBTC — with Jakob Schillinger","slug":"inside-hermetica-s-hbtc-with-jakob-schillinger","published_at":"2026-05-27T14:15:00+00:00","page_url":"https://stenobird.com/podcast/good-for-bitcoin-7094119/inside-hermetica-s-hbtc-with-jakob-schillinger","show_page_url":"https://stenobird.com/podcast/good-for-bitcoin-7094119","url":"https://api.riverside.com/hosting-analytics/media/886670ea4034a3d1dd8703af125f5fdc9ae1d29f3f73b901760eb41e01406732/eyJlcGlzb2RlSWQiOiIzMTkyYWUxNy1iNjBmLTQ4NTktYjI3YS1mYjhkMjAzN2FmZWUiLCJwb2RjYXN0SWQiOiI4ODVmNjFiYS05NGQ4LTRlMDUtOTk4MS1mYzc4YjUwNmYwZWYiLCJhY2NvdW50SWQiOiI2OGRiZjAxYzI4Y2E3NjNlY2MyZjIzNDQiLCJwYXRoIjoibWVkaWEvY2xpcHMvNmExNjEyYzg2MjUzNWIyZGIzYzc3NmY3L2dvb2QtZm9yLWJ0Yy1jb21wb3Nlci0yMDI2LTUtMjZfXzIzLTM4LTE2Lm1wMyJ9.mp3","audio_url":"https://api.riverside.com/hosting-analytics/media/886670ea4034a3d1dd8703af125f5fdc9ae1d29f3f73b901760eb41e01406732/eyJlcGlzb2RlSWQiOiIzMTkyYWUxNy1iNjBmLTQ4NTktYjI3YS1mYjhkMjAzN2FmZWUiLCJwb2RjYXN0SWQiOiI4ODVmNjFiYS05NGQ4LTRlMDUtOTk4MS1mYzc4YjUwNmYwZWYiLCJhY2NvdW50SWQiOiI2OGRiZjAxYzI4Y2E3NjNlY2MyZjIzNDQiLCJwYXRoIjoibWVkaWEvY2xpcHMvNmExNjEyYzg2MjUzNWIyZGIzYzc3NmY3L2dvb2QtZm9yLWJ0Yy1jb21wb3Nlci0yMDI2LTUtMjZfXzIzLTM4LTE2Lm1wMyJ9.mp3","summary":"Brandon sits down with Jakob Schillinger, founder and CEO of Hermetica , on the day they raise the hBTC cap from 50 to 75 BTC — and unpack how Michael Saylor's STRC quietly became a yield engine for Bitcoin-backed dollars. In this episode of Good For Bitcoin, Brandon and Jakob discuss: Jakob's origin: from running an eyeglasses business in sub-Saharan Africa to building on Bitcoin in 2016 — and why most of the world doesn't have reliable money or property rights to it. USDh, plainly: a synthetic dollar backed by spot Bitcoin paired with a 1x futures short. ~10% historical yield, sourced from funding rates on Bybit, OKX, Bitget, and Binance via Copper and Sefu custody. The new integration: Strategy's STRC preferred equity now flows into USDh as a second yield source alongside the basis trade. Saylor's \"financial distillation\" framing: 50-vol Bitcoin → 2-vol STRC → 0-vol stablecoin — productized as USDh. hBTC, the Bitcoin carry trade: post BTC as collateral on Zest, borrow stables at ~3-5%, deploy into USDh at 8-10%, harvest the delta, swap back into Bitcoin. ~3% net yield in pure BTC terms, on-chain verifiable. Why a long-only Bitcoiner might pick hBTC over a stablecoin yield: cold storage stays cold storage; the unit of account never leaves Bitcoin. The property analogy: Saylor's optionality to sell some BTC isn't a thesis change — it's the same logic as selling a 10x'd house to buy more property. Strategy stays a net buyer. Saylor cosigned hBTC on stage at Bitcoin Vegas — unplanned. \"X doing its magic,\" per Jakob. 📈 The news: Hermetica just raised the hBTC cap from 50 → 75 BTC. The last cap filled in under 24 hours. Borrow-side capacity is the only constraint on opening it wider. Guest: Jakob Schillinger — Founder & CEO, Hermetica — @jakob_btc Hermetica — @Hermeti…","meta_description":"Brandon sits down with Jakob Schillinger, founder and CEO of Hermetica , on the day they raise the hBTC cap from 50 to 75 BTC — and unpack how Michael Say…","key_points":[],"chapters":[],"topics":[],"duration_seconds":2195,"processing_state":"not_requested","actions":[{"name":"request_transcript","method":"POST","url":"https://stenobird.com/v1/public/podcasts/good-for-bitcoin-7094119/episodes/inside-hermetica-s-hbtc-with-jakob-schillinger/transcription-requests","description":"Idempotently request low-priority transcript generation for this episode."},{"name":"read_markdown","method":"GET","url":"https://stenobird.com/podcast/good-for-bitcoin-7094119/inside-hermetica-s-hbtc-with-jakob-schillinger.md","description":"Read the agent-friendly Markdown representation of this episode resource."}]}}