Proof of Pain

Proof of Pain is a podcast about the real costs, real tradeoffs, and real opportunities in a world repricing around sound money.Episodes are Bitcoin focused, covering Bitcoin, Bitcoin Treasury Companies, mining, options, and public market vehicles built on top of BTC. Sometimes we step outside Bitcoin with guests from worlds like sports and business who see the same incentives and tradeoffs.Subscribe for new episodes, uploaded regularly.Hosted by @tonycarrera on X. https://x.com/tonycarrera and https://x.com/proofofpainbtc.Not investing, financial, or tax advice. Entertainment only.

Proof of Pain is a business podcast hosted by Tony Carrera, with 12 episodes on record and a Required Pod Score of 80. PitchCentric scores this show on Booking Probability, Listen Score, and live audience signals refreshed every 24 hours.

Tony Carrera hosts Proof of Pain, a business show with 12 episodes published.

Our AI reads these to draft pitches. Use them as grounding for a pitch that cites a real guest and a specific topic.

• 

  Episode #12

  Nik Lentz: STRC, MSTR, Bitcoin and Digital Credit Risks

  Apr 9, 20261h 30mS0

  <p>In this episode of Proof of Pain, Tony sits down with Nik Lentz, former UFC veteran and quantitative analyst, to talk about Bitcoin, MSTR, STRC, and the risks around digital credit. We also get into Nik’s path from MMA to finance, how he learned to think like a quant, and why he has become skeptical of Wall Street’s version of Bitcoin. </p><p><br /></p><p>Nik is not anti-Bitcoin. He makes the case that Bitcoin wrappers, yield products, and “easy” digital credit stories are being sold too cleanly, that “11%” narratives do not hold up forever, and that if you...

  ListenShow Notes
• 

  Episode #11

  Nithu Sezni: STRC, SATA, Digital Credit, and the BIP-110 Fight

  Apr 3, 20262h 23mS0

  <p>In this episode of Proof of Pain, Tony sits down with Nithu Sezni of True North and the Orange Pill Investor to talk about digital credit, STRC, SATA, and the current BIP-110 fight. We break down who these products are actually for, why Strategy and Strive matter, and whether Bitcoiners are right to dismiss treasury companies and just buy BTC.</p><p><br></p><p>We also cover Bitcoin as collateral, SATA risk vs STRC, mNAV criticism, Bitcoin-native lending, whether Strategy could eventually act more like a bank, 6102/confiscation risk, and the Core vs Knots battle around spam, censorship...

  ListenShow Notes
• 

  Episode #10

  Jim Crider: What Money Is, Why Finance Misses Bitcoin, and Portfolio STRC SATA Risks

  Mar 20, 20261h 29mS0

  <p>In this episode of Proof of Pain, Tony sits down with Jim Crider, certified financial planner and founder of Intentional Living FP. They talk about what money is, why so many people in finance still misunderstand Bitcoin, and how Jim thinks about portfolio construction in a world shaped by inflation, money printing, AI, and rising uncertainty.</p><p>They also cover Jim’s path into financial planning, how Bitcoin finally clicked for him during the COVID era, whether the 60/40 portfolio is broken, how he thinks about cash, bonds, stocks, real estate, and gold, and why most investors need to th...

  ListenShow Notes
• 

  Episode #9

  Richard Byworth: H100, the MSTR Flywheel, Preferreds vs Converts, and Paper Bitcoin

  Mar 5, 202645 minS0

  <p>In this episode of Proof of Pain, Tony sits down with Richard Byworth, Chairman at Future Holdings and an active participant in the H100 expansion into Switzerland. We talk about Bitcoin treasury companies, MSTR’s capital markets evolution, preferreds vs convertible bonds, and whether “paper Bitcoin” is a real concern. </p><p><br></p><p>We also cover why Bitcoin denominated convertible bonds matter for smaller treasuries, what private companies can do if they cannot access capital markets, what retail misunderstands about treasury stocks, and Richard’s BTC outlook for 2026 and 2030.</p><p><br></p><p>What we cover</p><p>• R...

  ListenShow Notes
• 

  Episode #8

  Solo: Jane Street “10AM Slam”? ETF Dip Buying, and BTC Chart Levels

  Feb 27, 20268 minS0

  <p>In this solo episode of Proof of Pain, Tony covers two Bitcoin headlines driving the week, then pulls up the chart to check the levels he is watching.</p><p>Tony talks about the Jane Street “10AM slam” chatter and why ETF mechanics can create weird looking moves around the market open. Then a quick look at spot Bitcoin ETF dip buying and what it might signal when price is chopping in a tight range.</p><p>To finish, Tony zooms out on the chart to put the recent volatility in perspective and walks through the key zones he is w...

  ListenShow Notes

Recent guests on Proof of Pain. Study who booked and why before you pitch.

Based on semantic analysis of episode topics and host coverage, this show is a strong guest fit for executives in:

Industry fit is computed by PitchCentric using vector embeddings of the show's episode catalog.