Bitcoin Dad Pod: Recent Episodes
The Bitcoin Dad
The Bitcoin Dad is here to explain the context around the monetary revolution that is Bitcoin. The technological, social, and financial complexities of Bitcoin are hard to understand and your Bitcoin Dad will give you a foundation to make up your own mind. He'll cover news, history, and a lot of practical projects that you can do yourself to get started with Bitcoin!
Pre-Show Sparrow turns 3 today. Public rls - Sep 1st 2020 Sparrow Wallet v1.7.9: Wallet Accounts Summary Dialog & More (https://www.nobsbitcoin.com/sparrow-wallet-v1-7-9/) News Drivechain Drama Michael Tidwell on X: "10 days ago, I tweeted on Drivechain's (DC) purpose and sidechains (SC). I've gained insights and I'll detail the 8 reasons I've seen that are against it. I will playfully denote people's names to various arguments even though these people are likely not the originators of the…" / X (https://twitter.com/miketwenty1/status/1696943794321588383) NVK GM 🌞⚡️: Shitcoin "new chains" are part of the scam marketi... (https://primal.net/e/note192qur87xt34sxdqd0qd0sy20vnehtqtudcyz2t9pyd9cw5wpfd0skxsqt6) People Pointing out Liquid has gone almost nowhere, still has issues (https://primal.net/e/note1zutfrwkq7g22d88lcsc64rlzectdfpdjdh82ryfqvtlapqh3w0hsq0kqnp) What's a Bitcoin Drivechain and Why Are Devs At Odds Over Its Proposal? - Decrypt (https://decrypt.co/154129/what-is-a-bitcoin-drivechain) 💡 Drivechains, proposed by Paul Sztorc as BIP 300 and BIP 301, introduce native sidechains to Bitcoin, enabling additional features. 🔒 Sidechains are secured through blind merge mining, using Bitcoin's existing miners to secure other blockchains. 🛡️ Critics worry that drivechains may introduce complexity, security risks, and unwanted tokens (referred to as "shitcoins") into the Bitcoin ecosystem. 🔄 Drivechains do not require new assets; they can be used for Bitcoin-related purposes like private and scalable transactions. ⚙️ Some developers express concerns about the peg-out mechanism, which relies on users trusting 51% of Bitcoin's hashrate for an extended period. 💰 Miners are incentivized to keep drivechains active due to fee collection, but concerns remain about potential economic complications and trust issues. 🌐 Advocates believe that drivechains could enhance Bitcoin's competitiveness and eliminate the possibility of other cryptocurrencies surpassing it in the future. Economics Arthur Hayes is back with a macro article on U.S. Federal Reserve policy errors (https://blog.bitmex.com/kite-or-board/) Privacy The actual U.S. Justice Department Tornado Cash indictment (https://www.justice.gov/media/1311391/dl?inline) is amazing, it explains how ETH sort of works (WARNING USG PDF) Roman and co raised money maintained and hosted the TC UI because the UI increases usage/anon set, its not just a small thing according to JD TC had a relayer model to allow additoinal privacy and relayers earn fees In August 2019 Roman and Co had control of the TC smart contract but removed their keys in May 2020 THe DAO they created in December 2020 created the TORN token and gave 30% to the TC founders and investors The DAO token incentivized relayers to hold at least 300 tokens to get preferential access to fees By blocking OFAC addresses from the UI they demonstrated they could have been compliant the entire time, thus were culpable (they were either way since they controlled the UI) There's also a lot of internal communication about how they knew this would not be effective KYC/AML etc The indicment is still broad and bad...were they really opperating an unlicensed money transmitter? More like they were charging people to walk through a nice lobby to the MT rather than the complicated maze in the back Tor is adopting Proof of Work (https://darkdot.com/articles/tor-ddos-leads-to-proof-of-work/) As an anti-DOS, denial of service feature, they have thought a long time about solutions to spam (https://blog.torproject.org/stop-the-onion-denial/) and are now using a solution shared by bitcoin (https://bitcointalk.org/index.php?topic=5454855) Energy The cambridge has been overestimating bitcoin carbon intensity (https://www.jbs.cam.ac.uk/2023/bitcoin-electricity-consumption/) by a lot (https://twitter.com/DSBatten/status/1697213161894748483) Turns out they were overestimating things by a noteable amount. They have updated their numbers downward. CCAF model overestimated by 16.8% in 2021, and 10.2% in 2022. This is in alignment with my previous research where I suggested earlier this year that their model was overestimating by 20.6% https://batcoinz.com/improving-our-estimate-of-bitcoin-energy-consumption/ Clear evidence that GreenpeaceUSA's claim that Bitcoin used "as much energy as Sweden" was incorrect, and was based on CCAF historical overstatements CCAF say explicitly that based on new estimates: Bitcoin energy use is "comparable to ... tumble dryers in the US" CCAF have not yet revised their emissions estimates beyond the direct impact of revised energy consumption. They are still overestimating emissions by 67.6% due to emission intensity calculations that are both overestimated, and out-of-date (have not been updated since Jan 2022). This is an improvement upon the previous estimates which were out 106% (https://batcoinz.com/accurately-dynamically-calculating-bitcoin-network-emissions/) Bitcoin Mining In the Land of Fire and Ice - YouTube (https://www.youtube.com/watch?v=QmA4WvohMSQ) Not only does Iceland run almost entirely on renewable energy, it has historically operated at a surplus. Bitcoin miners and other digital asset generators have been buying up that extra energy to power data centers across the island nation. But some environmentalists worry the exponential electricity demands of the controversial asset class will inevitably result in more power plants, which could damage Iceland’s unique ecosystems. Bitcoin Education Bitcoin Optech reveals a lightning network vulnerability (https://bitcoinops.org/en/newsletters/2023/08/30/) that drives home how experimental it is Feedback Remember to get in touch bitcoindadpod@protonmail.com or @bitcoindadpod (https://mobile.twitter.com/bitcoindadpod) on twitter Consider joining the matrix channel (https://matrix.to/#/#bitcoin:jupiterbroadcasting.com) using a matrix client like element (https://element.io/get-started), details here (https://www.jupiterbroadcasting.com/community/matrix/) Thank you Boosters If you get some value from this show, please consider sending a boost. Hearing from you means a lot to us! Send a Boost via the Podcast Index web page. No Podcast app upgrade required. Install Alby (https://getalby.com/) Find the Bitcoin Dad Pod on the Podcast Index (https://podcastindex.org/podcast/5049889) Boost right from the page! Send a re-ocurring or one-off lightning boost to the show with no message at bdadpod@getalby.com or directly to Chris at chrislas@getalby.com Value for Value Podcasting 2.0 to support an indepenent podcasting ecosystem (https://podcastindex.org/) Recomended Podcasting2.0 apps: Fountain (https://www.fountain.fm/) podcast app (Android) Podverse (https://podverse.fm/) (Cross platform and self hostable) + Alby (https://getalby.com/) for boosts Castamatic (https://apps.apple.com/us/app/castamatic-podcast-player/id966632553) (Apple) Sponsors and Acknowledgements Music by Lesfm from Pixabay Self Hosted Show (https://selfhosted.show/) courtesy of Jupiter Broadcasting (https://www.jupiterbroadcasting.com/)
Pre-Show So, That's the End of Bitcoin Then (https://www.forbes.com/sites/timworstall/2011/06/20/so-thats-the-end-of-bitcoin-then/?sh=2f7e86705d71), pack it up everyone, let's go home 14 years ago “Bitcoin Is Dead” - The #1 Database of Notable Bitcoin Skeptics (https://buybitcoinworldwide.com/bitcoin-is-dead/) News Economics The discussion around the Federal Reserve raising their inflation target to 3% (https://archive.li/VehhJ) assumes many things: Strong relationship between FFs and Inflation Philips curve relationship between Employment and Inflation These are not small assumptions! Six AI Themes to Consider - Lyn Alden (https://www.lynalden.com/august-2023-newsletter/) discusses expectations around AI and bitcoin in the context of scarce assets in a world of increasing money supply Privacy Southern District of New York | Tornado Cash Founders Charged With Money Laundering And Sanctions Violations | United States Department of Justice (https://archive.ph/1vpkB#selection-2497.186-2497.487) Accusation seems to be based more on activities surrounding the TC protocol, not necessarily the actual software development Roman Storm and Roman Semenov allegedly operated Tornado Cash and knowingly facilitated this money laundering. While publicly claiming to offer a technically sophisticated privacy service, Storm and Semenov in fact knew that they were helping hackers and fraudsters conceal the fruits of their crimes Coin center alleges that the Tornado Cash indictments run counter to FinCEN guidance (https://www.coincenter.org/new-tornado-cash-indictments-seem-to-run-counter-to-fincen-guidance/) The allegations include that the defendants: (a) paid for web hosting services for a user interface that allowed users to send transaction messages to the underlying smart contracts (https://www.coincenter.org/education/key-concepts/smart-contracts/), (b) paid for a software repository (Github) where smart contract and user interface software and documentation was hosted, and (c) had (for a time before May 2020) “complete control” over the Tornado Cash (https://www.coincenter.org/education/advanced-topics/how-does-tornado-cash-work/) smart contracts. Altcoins Prime Trust Crypto Custodian Lost $8M in Doomed Terra-LUNA Stablecoin Investment, CEO Says (https://www.coindesk.com/policy/2023/08/25/prime-trust-lost-8m-in-doomed-terra-stablecoin-investment-ceo-says/) Bitcoin Education Let's talk chainstate size (https://twitter.com/openoms/status/1694066634355327381) vs blockchain size and how that is an technical important scaling limit Latest bitcoin optech #263 (https://bitcoinops.org/en/newsletters/2023/08/23/) is all about software updates Feedback Remember to get in touch bitcoindadpod@protonmail.com or @bitcoindadpod (https://mobile.twitter.com/bitcoindadpod) on twitter Consider joining the matrix channel (https://matrix.to/#/#bitcoin:jupiterbroadcasting.com) using a matrix client like element (https://element.io/get-started), details here (https://www.jupiterbroadcasting.com/community/matrix/) Thank you Boosters If you get some value from this show, please consider sending a boost. Hearing from you means a lot to us! Send a Boost via the Podcast Index web page. No Podcast app upgrade required. Install Alby (https://getalby.com/) Find the Bitcoin Dad Pod on the Podcast Index (https://podcastindex.org/podcasht/5049889) Boost right from the page! Send a re-ocurring or one-off lightning boost to the show with no message at bdadpod@getalby.com or directly to Chris at chrislas@getalby.com Value for Value Podcasting 2.0 to support an indepenent podcasting ecosystem (https://podcastindex.org/) Recomended Podcasting2.0 apps: Fountain (https://www.fountain.fm/) podcast app (Android) Podverse (https://podverse.fm/) (Cross platform and self hostable) + Alby (https://getalby.com/) for boosts Castamatic (https://apps.apple.com/us/app/castamatic-podcast-player/id966632553) (Apple) Sponsors and Acknowledgements Music by Lesfm from Pixabay Self Hosted Show (https://selfhosted.show/) courtesy of Jupiter Broadcasting (https://www.jupiterbroadcasting.com/)
Pre-Show Sam is back in jail (https://www.coindesk.com/policy/2023/08/17/sam-bankman-fried-is-now-in-jail/), it only took a few months of witness tampering to revoke his bail FTX's Sam Bankman-Fried sent to jail over witness tampering (https://www.cnbc.com/2023/08/11/us-judge-sends-sam-bankman-fried-to-jail-over-witness-tampering.html) News The bitcoin wallet, only affects seeds generated by libbitcoin library, MilkSad vulnerability is fascinating (https://milksad.info/) and ties into the history of bitcoin, some amazing personalities, the changes in bitcoin's culture over time Andreas is no longer updateing (https://github.com/aantonop) his books, not that its his fault, just part of the CF Bank of Ireland IT blunder (https://www.independent.ie/business/personal-finance/bank-of-ireland-it-blunder-allows-customers-who-have-no-money-get-access-to-cash-at-atms/a510070628.html) allows customers to withdraw more than account balances An etherium based ERC-20 USD stablecoin from PayPal? This is the future of finance (https://newsroom.paypal-corp.com/2023-08-07-PayPal-Launches-U-S-Dollar-Stablecoin) Watch PayPal Expects New PYUSD Stablecoin Use Throughout DeFi Ecosystem - Bloomberg (https://www.bloomberg.com/news/videos/2023-08-14/paypal-expects-new-pyusd-stablecoin-use-throughout-defi-video) Economics Zoltan Poszar has thought that our banking crisis would end up on the government's balance sheet (https://cepr.org/voxeu/columns/can-shadow-banking-be-addressed-without-balance-sheet-sovereign) for a decade China Evergrand, a massive residential property developer, has filed for bankruptcy (https://twitter.com/PeterZeihan/status/1689635894129840129), and it might be China's Lehman moment (https://twitter.com/wu_wei_invest/status/1692415479527457263) Altcoins Some NFT schadenfreude at OpenSea, an altcoin NFT marketplace, strips NFT creators of 'royalty' payments (https://archive.ph/6h1o9#selection-425.3-425.118) they likely thought were consensus enforced Bitcoin Education This bitcoin optech is FIRE (https://bitcoinops.org/en/newsletters/2023/08/16/), might be an entire epsisode Yes, there is a bitcoin trained LLM to answer your bitcoin questions (https://chat.bitcoinsearch.xyz/?author=holocat), epic Feedback Remember to get in touch bitcoindadpod@protonmail.com or @bitcoindadpod (https://mobile.twitter.com/bitcoindadpod) on twitter Consider joining the matrix channel (https://matrix.to/#/#bitcoin:jupiterbroadcasting.com) using a matrix client like element (https://element.io/get-started), details here (https://www.jupiterbroadcasting.com/community/matrix/) Thank you Boosters If you get some value from this show, please consider sending a boost. Hearing from you means a lot to us! Send a Boost via the Podcast Index web page. No Podcast app upgrade required. Install Alby (https://getalby.com/) Find the Bitcoin Dad Pod on the Podcast Index (https://podcastindex.org/podcast/5049889) Boost right from the page! Send a re-ocurring or one-off lightning boost to the show with no message at bdadpod@getalby.com or directly to Chris at chrislas@getalby.com Value for Value Podcasting 2.0 to support an indepenent podcasting ecosystem (https://podcastindex.org/) Recomended Podcasting2.0 apps: Fountain (https://www.fountain.fm/) podcast app (Android) Podverse (https://podverse.fm/) (Cross platform and self hostable) + Alby (https://getalby.com/) for boosts Castamatic (https://apps.apple.com/us/app/castamatic-podcast-player/id966632553) (Apple) Sponsors and Acknowledgements Music by Lesfm from Pixabay Self Hosted Show (https://selfhosted.show/) courtesy of Jupiter Broadcasting (https://www.jupiterbroadcasting.com/)
Pre-Show Ark 21Shares Spot Bitcoin (BTC) ETF Application Decision Delayed by SEC (https://www.coindesk.com/policy/2023/08/11/ark-21shares-bitcoin-etf-application-decision-pushed-by-sec/) The SEC has a total of 240 days to make a final decision on an application after it starts reviewing one. The SEC is giving the general public three weeks to weigh in on the proposal itself, and an additional five weeks to respond to those initial slate of comments. SEC Sounds Kinda Bullish... Bitcoin Magazine on Twitter: "NEW - 🇺🇸 SEC on ARK Invest's spot #Bitcoin ETF: "The regulated market of significant size test does not require that the spot bitcoin market be regulated in order for the Commission to approve this proposal." (https://twitter.com/BitcoinMagazine/status/1690020878426198016) "In sum, the Exchange believes that this proposal is consistent with the requirements of Section 6(b)(5) of the Act, that this filing sufficiently demonstrates that the CME Bitcoin Futures market represents a regulated market of significant size, and that on the whole the manipulation concerns previously articulated by the Commission are sufficiently mitigated to the point that they are outweighed by investor protection issues that would be resolved by approving this proposal Bettermarkets, an anti-bitcoin advocacy group, Released a statement (https://bettermarkets.org/newsroom/sec-should-reject-bitcoin-etf-filings-because-they-will-expose-investors-to-fraud-manipulation-and-other-investor-harms/) saying the surveillance-sharing agreements set up in proposals were "wholly inadequate." The next decision should come on November 11 with the final day for a decision on January 10, 2024. News The Bitcoin Lightning network, a series of stateful payment channels, is getting better with anchor outputs shipping (https://lightningdevkit.org/blog/anchor-outputs-channels-are-here/) in LDK (Lightning Development Kit), a dev kit that many popular wallets are built around Economics Inflation Snapshot July PPI inflation rises to 0.8%, above expectations of 0.7%. Core PPI inflation remained unchanged at 2.4%, above expectations of 2.3%. Renter Inflation 8% Shelter Inflation 7.7% Average interest rates Credit Card: 25% Used Cars: 14% New Cars: 9% Total credit card debt in the US is up nearly $250 billion since 2020. There is a record $3.5 TRILLION of untapped credit card debt. Americans have only used ~22% of their credit card debt limit. Record levels of debt: Total Household Debt: $17.1 trillio This is the first monthly increase in PPI inflation since July 2022. n Auto Loans: $1.6 trillion Credit Card Debt: $1.0 trillion Student loans just hit a record $1.6 trillion. Interest on student loans has been suspended since 2020, but it set to resume next month. The Hidden Costs of Reshoring - Lyn Alden (https://www.lynalden.com/reshoring/) Newly discovered Bitcoin wallet loophole let hackers steal $900K (https://cointelegraph.com/news/newly-discovered-bitcoin-wallet-loophole-let-hackers-steal-funds-slow-mist) A newly discovered vulnerability in the Libbitcoin Explorer 3.x library has allowed over $900,000 to be stolen from Bitcoin users, according to a report from blockchain security firm SlowMist. Libbitcoin is a Bitcoin wallet implementation used by various applications, including Airbitz, Bitprim, Blockchain Commons, and Cancoin. SlowMist did not specify which applications are affected by the vulnerability. The vulnerability, known as the “Milk Sad,” was first discovered by the cybersecurity team “Distrust” and reported to the CEV cybersecurity vulnerability database on Aug. 7. It involves a faulty key generation mechanism in the Libbitcoin Explorer, which allows attackers to guess private keys. Altcoins MPC vulnerability found by Fireblocks affected many institutional crypto wallets (https://cointelegraph.com/news/fireblocks-identifies-crypto-wallet-bitforge-vulnerability) In an Aug. 9 press release (https://www.prnewswire.com/news-releases/fireblocks-researchers-uncover-vulnerabilities-impacting-dozens-of-major-wallet-providers-301897357.html), Fireblocks said the series of vulnerabilities, dubbed BitForge, are affecting wallets using multi-party computation (MPC) technology, which allows for multiple parties to control and manage cryptocurrency holdings. Bitgo, a bitcoin custodian, has expressed cautious interest in MPC wallet security (https://blog.bitgo.com/multi-sig-vs-mpc-which-is-more-secure-699ecefc8430) while Fireblocks has embraced MPC as a cross platform universal security solution (https://www.fireblocks.com/blog/mpc-vs-multi-sig/) (of course FB has to since there's no native Etherium multisig) XRP Price Temporarily Spiked to $50 on Gemini (https://www.coindesk.com/markets/2023/08/11/xrps-market-cap-momentarily-zoomed-to-trillions-of-dollars-on-gemini/) Some market observers opined a seller placed a spoof order at $50 per XRP, which was unintendedly filled by a buyer who may have “fat-fingered” the trade. Market depth data shows XRP liquidity on Gemini remains relatively low, with only a $37,000 order required to move prices by 2% on the exchange. In contrast, the same price move on Binance would require at least $2.2 million. Gemini makes meme video about XRP kicking SEC's ass in annoucment of XRP now avaible for trading: https://twitter.com/Gemini/status/1689735727850938368 Tyler Pumps XPR: https://twitter.com/tyler/status/1690033448017113088 Bitcoin Education Bitmex has a new research summary on DriveChains (https://www.nobsbitcoin.com/bitmex-research-on-drivechains/) that covers some of the complexities of their security model Some references on drivechain on stacker news (https://stacker.news/items/222139) Including a Lyn Alden comment on supermajority changes and over engineering that implies she doesn't support drivechains (https://nostr.band/note1e9hhm60m5a2ad62aq7ch0m5w4aevzpn9w6k9gncgghhpvpe89rdsvpveu5) Cobo, a hardware wallet maker, has a breakdown on multi-party computation (MPC) (https://www.cobo.com/web3/post/mpc-multisig-overview) that's a good introduction to the concept Feedback Remember to get in touch bitcoindadpod@protonmail.com or @bitcoindadpod (https://mobile.twitter.com/bitcoindadpod) on twitter Consider joining the matrix channel (https://matrix.to/#/#bitcoin:jupiterbroadcasting.com) using a matrix client like element (https://element.io/get-started), details here (https://www.jupiterbroadcasting.com/community/matrix/) Boosts @halleck wanted some lightning node management ideas: lightninglabs/lightning-terminal: Lightning Terminal: Your Home for Lightning Liquidity (https://github.com/lightninglabs/lightning-terminal) Lightning Terminal | Umbrel App Store (https://apps.umbrel.com/app/lightning-terminal) @mermortalspodcast recomends watching The Big Lebowski @jcxfnt recomends the documentary Nuclear Now (https://www.nuclearnowfilm.com/) Thank you Boosters If you get some value from this show, please consider sending a boost. Hearing from you means a lot to us! Send a Boost via the Podcast Index web page. No Podcast app upgrade required. Install Alby (https://getalby.com/) Find the Bitcoin Dad Pod on the Podcast Index (https://podcastindex.org/podcast/5049889) Boost right from the page! Send a re-ocurring or one-off lightning boost to the show with no message at bdadpod@getalby.com or directly to Chris at chrislas@getalby.com Value for Value Podcasting 2.0 to support an indepenent podcasting ecosystem (https://podcastindex.org/) Recomended Podcasting2.0 apps: Fountain (https://www.fountain.fm/) podcast app (Android) Podverse (https://podverse.fm/) (Cross platform and self hostable) + Alby (https://getalby.com/) for boosts Castamatic (https://apps.apple.com/us/app/castamatic-podcast-player/id966632553) (Apple) Sponsors and Acknowledgements Music by Lesfm from Pixabay Self Hosted Show (https://selfhosted.show/) courtesy of Jupiter Broadcasting (https://www.jupiterbroadcasting.com/)
Pre-Show Thank you Amy for a wonderful summary (https://amycastor.com/2023/08/03/crypto-collapse-terra-judge-repudiates-ripple-finding-razzlekhan-cops-a-plea-binances-fdusd-stablecoin-coindesk-sold-smart-contracts-still-stupid/) of the last week's crypto screwups and absurdities Payment problems are affecting our friends on Etsy, the online marketplace's payments system is holding up to 75% of sellers funds (https://qz.com/etsy-scrambling-avert-seller-strike-over-payment-reserv-1850702861) due to being garbage, as well as crypto journalist Amy Castor as patreon has had some bounced (https://twitter.com/JasonKPargin/status/1686783605551382530) payments News At the same time as Fitch's downgrade: Tether Bought 1529 BTC in Q2, Holds More US Treasuries Than Australia (https://www.nobsbitcoin.com/tether-bought-1529-btc-in-q2/) Economics Fitch’s Debt Downgrade Is Unlikely to Deter Borrowing, Investors Say - The New York Times (https://archive.ph/En2KZ#selection-831.170-831.441) both Democrats and Republicans unmovable on policies that could improve the country’s fiscal position. These include, he added, changes to taxes, military spending, and Social Security and Medicare, which are expected to face ballooning costs as more baby boomers retire. Fitch's US Rating Downgrade Spotlights Debt Worry as Recession Fear Fades (https://archive.ph/C36k0#selection-6125.0-6125.295) Treasury Secretary Janet Yellen called the downgrade “arbitrary” and “outdated.” Yellen has argued that rather than looking at debt-to-GDP, a better measure of sustainability is inflation-adjusted interest payments as a share of the economy — and that metric hasn’t been flashing warning lights. Privacy Privacy and paypal are non compatible. GrapheneOS, a private mobile android operating system: "Unfortunately, PayPal permanently locked our GrapheneOS Foundation account (https://nitter.at/GrapheneOS/status/1684643898319052800?ref=nobsbitcoin.com) today. No reason has been provided for the account being locked. All we've done is accept donations Altcoins Worldcoin Says It Will Let Interested 3rd Parties Use Its ID System (https://www.nobsbitcoin.com/worldcoin-europe-kenya-3rd-parties/) the project also has fallen under investigation in France, UK, and Germany It also has typical altcoin tokenomics (https://decrypt.co/149865/worldcoin-tokenomics-at-launch-supply-market-maker-loans), i.e. low float and majority of coins in early investor hands Uniswap Delists HEX Token After SEC Deems It An “Unregistered Security” (https://www.newsbtc.com/news/defi/uniswap-delists-hex-token-after-sec-deems-it-an-unregistered-security/) Bitcoin Education Bitcoin Optech #262 is heavy on the software updates (https://bitcoinops.org/en/newsletters/2023/08/02/) and includes discussions of the pitfalls of blind signature signing Feedback Remember to get in touch bitcoindadpod@protonmail.com or @bitcoindadpod (https://mobile.twitter.com/bitcoindadpod) on twitter Consider joining the matrix channel (https://matrix.to/#/#bitcoin:jupiterbroadcasting.com) using a matrix client like element (https://element.io/get-started), details here (https://www.jupiterbroadcasting.com/community/matrix/) Thank you Boosters If you get some value from this show, please consider sending a boost. Hearing from you means a lot to us! Send a Boost via the Podcast Index web page. No Podcast app upgrade required. Install Alby (https://getalby.com/) Find the Bitcoin Dad Pod on the Podcast Index (https://podcastindex.org/podcast/5049889) Boost right from the page! Send a re-ocurring or one-off lightning boost to the show with no message at bdadpod@getalby.com or directly to Chris at chrislas@getalby.com Value for Value Podcasting 2.0 to support an indepenent podcasting ecosystem (https://podcastindex.org/) Recomended Podcasting2.0 apps: Fountain (https://www.fountain.fm/) podcast app (Android) Podverse (https://podverse.fm/) (Cross platform and self hostable) + Alby (https://getalby.com/) for boosts Castamatic (https://apps.apple.com/us/app/castamatic-podcast-player/id966632553) (Apple) Sponsors and Acknowledgements Music by Lesfm from Pixabay Self Hosted Show (https://selfhosted.show/) courtesy of Jupiter Broadcasting (https://www.jupiterbroadcasting.com/)
News Fednow, the Federal Resrves new payment system for instant payments, has finally launched (https://www.frbservices.org/news/press-releases/072023-fednow-live-announcement) with '35 early-adopting banks and credit unions, as well as the U.S. Department of the Treasury’s Bureau of the Fiscal Service' The US House of Representatives Fianncial Services Comittee, a House subgroup focusing on financial law, submitted a bipartisan crypto market bill (https://www.theblock.co/post/241508/democrats-oppose-crypto-market-overhaul-but-stablecoin-deal-possible) to the Aggriculture Comitte (which oddly is above it) This bill would then be submitted to the house, likely would not pass Contains the language for ICOs to become sufficiently decentralized and graduate into commodities Economics Commodity traders Goehring and Rozencwajg the patterns of commodity bull runs (https://blog.gorozen.com/blog/the-us-reserve-currency-and-commodities) and the relation to shifts in global monetary standards Jesse Myers, aka CroessusBTC, observes the shifting Overton window of bitcoin (https://www.onceinaspecies.com/p/bitcoin-overton-window-lurches-forward) and how very little interest it needs to get really bullish Dedollarization slowly proceeds with Argentina using Chinese RMB to pay off IMF debt (https://www.ntd.com/imf-hints-allowing-countries-to-use-chinese-yuan-for-debt-repayment_931020.html) Privacy The Director of Investigations at Chainalysis, a blockchain surveillance and ant-privacy firm, unaware of scientific basis (https://archive.ph/MYkId) of their surveillance product The actual recorded testimony clarifies that Chainalysis does not validate (https://archive.ph/pGdx7) their results (why would they? Just trust us) The FBI arrested the admin of a Mastadon server on charges unrelated to the server, but seized all his electronic devices (common clause in arrest warrants) wich included a backup of all server data (https://www.eff.org/deeplinks/2023/07/fbi-seizure-mastodon-server-wakeup-call-fediverse-users-and-hosts-protect-their?ref=nobsbitcoin.com) Just getting off twitter doesn't solve the problem of privacy online Energy and Bitcoin Yet another bitcoin argument for mining logically reaching zero emissions (https://www.coindesk.com/consensus-magazine/2023/07/24/the-single-most-important-truth-about-bitcoin-mining-energy-and-the-environment/?utm_source=breakdown.beehiiv.com&utm_medium=newsletter&utm_campaign=worldcoin-controversy-reactions) But what's the real energy disconnect between Greenpeace/COP21 and bitcoin energy maximalists? Doomberg thinks that the core fallacy is the economic theory of degrowth (https://www.vox.com/future-perfect/22408556/save-planet-shrink-economy-degrowth) that associates growth and environmental destruction. Listen to Doomberg, Rozencwag, and Anas Alhaji on energy investing and shfiting ESG narratives (https://youtu.be/nDYtMvf0aKI?t=1551) Bitcoin Education Bitcoin Optech #261 covers lightning protocol discussions (https://bitcoinops.org/en/newsletters/2023/07/26/?ref=nobsbitcoin.com) on the bitcoin dev mailing list, as well as an interesting stack overflow where Peter Wuille explains why a bitcoin seed should probably have more than 128 bits of entropy (https://bitcoin.stackexchange.com/a/118928), but individual addresses don't Feedback Remember to get in touch bitcoindadpod@protonmail.com or @bitcoindadpod (https://mobile.twitter.com/bitcoindadpod) on twitter Consider joining the matrix channel (https://matrix.to/#/#bitcoin:jupiterbroadcasting.com) using a matrix client like element (https://element.io/get-started), details here (https://www.jupiterbroadcasting.com/community/matrix/) Thank you Boosters If you get some value from this show, please consider sending a boost. Hearing from you means a lot to us! Send a Boost via the Podcast Index web page. No Podcast app upgrade required. Install Alby (https://getalby.com/) Find the Bitcoin Dad Pod on the Podcast Index (https://podcastindex.org/podcast/5049889) Boost right from the page! Send a re-ocurring or one-off lightning boost to the show with no message at bdadpod@getalby.com or directly to Chris at chrislas@getalby.com Value for Value Podcasting 2.0 to support an indepenent podcasting ecosystem (https://podcastindex.org/) Recomended Podcasting2.0 apps: Fountain (https://www.fountain.fm/) podcast app (Android) Podverse (https://podverse.fm/) (Cross platform and self hostable) + Alby (https://getalby.com/) for boosts Castamatic (https://apps.apple.com/us/app/castamatic-podcast-player/id966632553) (Apple) Sponsors and Acknowledgements Music by Lesfm from Pixabay Self Hosted Show (https://selfhosted.show/) courtesy of Jupiter Broadcasting (https://www.jupiterbroadcasting.com/)
Pre-Show The FTX Foundation planned to buy the island of Naru (https://twitter.com/0x_tracy/status/1682341544009801728?s=12&t=E9EIlRX-vHxbQ8g23lQU3A) to build a supervillain's lair A bitmex blog post discusses Gary Gensler's history (https://blog.bitmex.com/genslers-done-it-all-before/) as CFTC comissioner during alleged gold price manipulation that turned out to be justified (https://www.cftc.gov/PressRoom/PressReleases/8260-20) News Crosseus, a bitcoin institutional investor, reminds us that the stock to flow model still exists (https://www.onceinaspecies.com/p/stock-to-flow-reality) and might be direcitonally correct, of course its mathematically ridiculous (https://bitcoinmagazine.com/markets/why-bitcoin-stock-to-flow-is-not-useful) Regulatory arbitrage for crypto businesses is no walk in the park after Kuwait bans bitcoin (https://archive.ph/ISf9t) Economics Is the US Government relying less on foreign financing of deficit spending (https://wolfstreet.com/2023/07/19/time-to-look-at-foreign-demand-for-the-incredibly-ballooning-us-national-debt/) or is the rest of the world not able to consume the current massive issueances of treasuries? Altcoins The XRP legal ruling is a bit more complicated (https://podcasts.apple.com/us/podcast/analysis-of-sec-vs-ripple/id1521896742?i=1000621436122) than we thought, a great conversation from Coin Center Bitcoin Education A Bitcoin Talk describes how miners find valid blocks (https://bitcointalk.org/index.php?topic=9438.msg136344#msg136344) really well Bitcoin Optech #260 features the last waiting for confirmation (https://bitcoinops.org/en/newsletters/2023/07/19/) segment from Gloria Zhao and Merch Feedback Remember to get in touch bitcoindadpod@protonmail.com or @bitcoindadpod (https://mobile.twitter.com/bitcoindadpod) on twitter Consider joining the matrix channel (https://matrix.to/#/#bitcoin:jupiterbroadcasting.com) using a matrix client like element (https://element.io/get-started), details here (https://www.jupiterbroadcasting.com/community/matrix/) Thank you Boosters If you get some value from this show, please consider sending a boost. Hearing from you means a lot to us! Send a Boost via the Podcast Index web page. No Podcast app upgrade required. Install Alby (https://getalby.com/) Find the Bitcoin Dad Pod on the Podcast Index (https://podcastindex.org/podcast/5049889) Boost right from the page! Send a re-ocurring or one-off lightning boost to the show with no message at bdadpod@getalby.com or directly to Chris at chrislas@getalby.com Value for Value Podcasting 2.0 to support an indepenent podcasting ecosystem (https://podcastindex.org/) Recomended Podcasting2.0 apps: Fountain (https://www.fountain.fm/) podcast app (Android) Podverse (https://podverse.fm/) (Cross platform and self hostable) + Alby (https://getalby.com/) for boosts Castamatic (https://apps.apple.com/us/app/castamatic-podcast-player/id966632553) (Apple) Sponsors and Acknowledgements Music by Lesfm from Pixabay Self Hosted Show (https://selfhosted.show/) courtesy of Jupiter Broadcasting (https://www.jupiterbroadcasting.com/)
Pre-Show Celcius CEO Alex Mashinsky was arrested (https://archive.li/LdCF6) for fraud, finally. News Economics Lyn Alden's latest market update (https://www.lynalden.com/july-2023-newsletter/) builds on her article charting the relationship between interest rates and inflation (https://www.lynalden.com/inflation-vs-interest-rates/). Since conventional central bank focused economics is posited on interest rates influencing inflation, it's a precient topic. Lyn points to the International Monetary Fund's, a multinational financial organization, paper on using inflation and financial repression (https://www.imf.org/en/Publications/WP/Issues/2016/12/31/The-Liquidation-of-Government-Debt-42610) to solve goverment debt crisis Altcoins Ripple has won a victory over the SEC as a US judge rules that selling XRP tokens to VCs is illegal but fine when dumping on retail (https://prestonbyrne.com/2023/07/13/ripple-labs-ruling-throws-u-s-crypto-token-regulation-into-disarray/) The ruling is unlikely to hold (https://nitter.net/BryanJacoutot/status/1679539619312853028#m) and this case might be more about what happens to Etherium The real question is how Bitcoin is interpreted via the Howey Test (https://jacoutotonlaw.com/wp-content/uploads/2023/02/Bitcoin_Crypto-Securities-analysis02.pdf) (PDF WARNING) Proof of Stake on ETH has resulted in increased demand for liquid staking tokens (https://insights.glassnode.com/the-week-onchain-week-27-2023/?utm_campaign=woc_27__2023&utm_medium=woc_newsletter&utm_source=email), centralizing staking and network consensus, also average holdings are ~$100k so this is a big fish game, plebs need not apply Bitcoin Education Bitcoin Optech covers lightning protocol cleanup (https://bitcoinops.org/en/newsletters/2023/07/12/) and more transaction relay discussion Feedback Remember to get in touch bitcoindadpod@protonmail.com or @bitcoindadpod (https://mobile.twitter.com/bitcoindadpod) on twitter Consider joining the matrix channel (https://matrix.to/#/#bitcoin:jupiterbroadcasting.com) using a matrix client like element (https://element.io/get-started), details here (https://www.jupiterbroadcasting.com/community/matrix/) Boosts Baller Boosts From: @clarkian 58,008 sats Episode 89: Not at all about Bitcoin Great episode, gentlemen. Great discussion on mis/disinformation. Has been my thoughts on the issue for a while. I read this good article on KYC/AML and thought you might want to review. I worked at banks for a while and always had to take yearly training on it. Hate it. https://disruptives-horizons.com/p/kyc-aml-destroying-world Thank you Boosters If you get some value from this show, please consider sending a boost. Hearing from you means a lot to us! Send a Boost via the Podcast Index web page. No Podcast app upgrade required. Install Alby (https://getalby.com/) Find the Bitcoin Dad Pod on the Podcast Index (https://podcastindex.org/podcast/5049889) Boost right from the page! Send a re-ocurring or one-off lightning boost to the show with no message at bdadpod@getalby.com or directly to Chris at chrislas@getalby.com Value for Value Podcasting 2.0 to support an indepenent podcasting ecosystem (https://podcastindex.org/) Recomended Podcasting2.0 apps: Fountain (https://www.fountain.fm/) podcast app (Android) Podverse (https://podverse.fm/) (Cross platform and self hostable) + Alby (https://getalby.com/) for boosts Castamatic (https://apps.apple.com/us/app/castamatic-podcast-player/id966632553) (Apple) Sponsors and Acknowledgements Music by Lesfm from Pixabay Self Hosted Show (https://selfhosted.show/) courtesy of Jupiter Broadcasting (https://www.jupiterbroadcasting.com/)
Pre-Show BlackRock CEO Larry Fink is now promoting bitcoin (https://www.nobsbitcoin.com/blackrock-ceo-larry-fink-on-bitcoin-regulation-and-esg/) on tv news Binance Chief Strategy Officer Patrick Hillmann (https://twitter.com/PRHillmann/status/1677070523740884992) and Vice President for Compliance Steven Christie (https://twitter.com/SKChristie9/status/1677116795499712512) confirmed in tweets on Friday morning in Asia that they are leaving the world’s largest crypto exchange. The confirmations came after Fortune reported (https://fortune.com/crypto/2023/07/06/binance-crisis-executives-quit-changpeng-zhao-justice-department/) multiple Binance senior executives were resigning amid regulatory investigations and lawsuits. News Economics Christine Laguard's speach at the Council on Foreign Relations earlier this year, reveals the ECB announced the end of central bank independence (https://www.cfr.org/event/c-peter-mccolough-series-international-economics-christine-lagarde) and further fragmentation of the dollar system She also casually points out that there are no property right guarantees in the dollar system:
For a start, an economic policy mix that produces less volatile growth and inflation will be key in continuing to attract international investment. And although 50 to 60 percent of foreign-held U.S. short-term assets are in the hands of governments with strong ties to the United States—those that I think Janet Yellen calls the “friends,” meaning that they’re unlikely to be divested for geopolitical reasons—the single most important factor influencing international currency usage remains the strength of fundamentals. And by that, we know that it is the rule of law, strong respected institution, as well as open capital markets. Privacy The 'misinformation industrial complex' is being academically formalized (https://misinforeview.hks.harvard.edu/article/mis-and-disinformation-studies-are-too-big-to-fail-six-suggestions-for-the-fields-future/) and a Harvard think tank is refreshingly self-reflective on what that means for society Bitcoin Education Bitcoin Optech #258 is pretty thin (https://bitcoinops.org/en/newsletters/2023/07/05/) reflecting the summer slowdown (we hope) Feedback Remember to get in touch bitcoindadpod@protonmail.com or @bitcoindadpod (https://mobile.twitter.com/bitcoindadpod) on twitter Consider joining the matrix channel (https://matrix.to/#/#bitcoin:jupiterbroadcasting.com) using a matrix client like element (https://element.io/get-started), details here (https://www.jupiterbroadcasting.com/community/matrix/) Thank you Boosters If you get some value from this show, please consider sending a boost. Hearing from you means a lot to us! Send a Boost via the Podcast Index web page. No Podcast app upgrade required. Install Alby (https://getalby.com/) Find the Bitcoin Dad Pod on the Podcast Index (https://podcastindex.org/podcast/5049889) Boost right from the page! Send a re-ocurring or one-off lightning boost to the show with no message at bdadpod@getalby.com or directly to Chris at chrislas@getalby.com Value for Value Podcasting 2.0 to support an indepenent podcasting ecosystem (https://podcastindex.org/) Recomended Podcasting2.0 apps: Fountain (https://www.fountain.fm/) podcast app (Android) Podverse (https://podverse.fm/) (Cross platform and self hostable) + Alby (https://getalby.com/) for boosts Castamatic (https://apps.apple.com/us/app/castamatic-podcast-player/id966632553) (Apple) Sponsors and Acknowledgements Music by Lesfm from Pixabay Self Hosted Show (https://selfhosted.show/) courtesy of Jupiter Broadcasting (https://www.jupiterbroadcasting.com/)
Pre-Show Crypto Firm Prime Trust Placed Into Receivership (https://www.investopedia.com/crypto-firm-prime-trust-placed-into-receivership-7554247), affecting many bitcoin businesses Crypto Firms Swan, Coinbits Disclose Prime Trust Ties as Fallout Continues - Decrypt (https://decrypt.co/146601/swan-coinbits-disclose-prime-trust-ties-fallout-continues) Alistair Milne on Twitter (https://twitter.com/alistairmilne/status/1674801660382830594): "This address: bc1ql49ydapnjafl5t2cp9zqpjwe6pdgmxy98859v2 ... has accumulated $3.5billion of #BTC in just 44 days @saylor needs to up his game @Tether_to is doing rookie numbers by comparison https://t.co/q5KHRUtoTZ" / Twitter News Apple is removing damus, a popular nostr (https://www.nobsbitcoin.com/damus-about-to-be-removed-from-apples-app-store/) client jack on Twitter: "Removed from the App Storer (https://twitter.com/jack/status/1673640974143168512) for enabling tipping to everyone in the world without the need for a bank, payment card, or government permission. https://t.co/kfeQNfal8Q" Economics The Bank of England is aware of liquidity problems, but creates arbitrary research (https://bankunderground.co.uk/2023/06/29/funding-structures-and-resilience-to-shocks-after-a-decade-of-regulatory-reform/) instead of lowering interest rates Where is the recession we've all been waiting for (https://wolfstreet.com/2023/06/29/waiting-for-the-promised-recession-economic-growth-even-stronger-than-feared-treasury-yields-spike/)? OPEC oil output posts small drop in June ahead of Saudi cut (https://www.hydrocarbonprocessing.com/news/2023/06/opec-oil-output-posts-small-drop-in-june-ahead-of-saudi-cut/) OPEC Forecasts 23% Rise in Global Oil Demand Through 2045 (https://www.msn.com/en-us/money/markets/opec-forecasts-23-rise-in-global-oil-demand-through-2045/ar-AA1d3IN8) Bitcoin Education A beginner's guide to creating a wallet (https://www.athena-alpha.com/sparrow-wallet/) using Sparrow How to get started with RoboSats (https://bitcoiner.guide/robosats/), another guide You can Self-Host RoboSats (https://github.com/RoboSats/robosats) Boltz (https://boltz.exchange/) Also an Umbrel app A lean bitcoin optech (https://bitcoinops.org/en/newsletters/2023/06/28) Feedback Remember to get in touch bitcoindadpod@protonmail.com or @bitcoindadpod (https://mobile.twitter.com/bitcoindadpod) on twitter Consider joining the matrix channel (https://matrix.to/#/#bitcoin:jupiterbroadcasting.com) using a matrix client like element (https://element.io/get-started), details here (https://www.jupiterbroadcasting.com/community/matrix/) Boosts FROM: adriatic_dany 99,999 Sats There's been some moderate hype (with the inevitable price speculation/manipulation aka p'n'd) last year around a proof of work project called Kaspa. I'm not invested (yet) because I'd love first to know your opinion, my technological analysis skills are lacking. I understand all the buzz is about their GhostDAG protocol posed to solve the historical dilemma way more efficiently than Lightning and the fact that they fair launched with no premined/presold coins and no company behind the project Home - Kaspa (https://kaspa.org/) What is Kaspa (KAS), and How Does it Work? | CoinGecko (https://www.coingecko.com/learn/what-is-kaspa-kas) The Kaspa Founding Contributors. The Architects Behind Kaspa’s Success (https://medium.com/kaspa-currency/the-kaspa-founding-contributors-c2f06a2eb74c) Kaspa is the fastest, open-source, decentralized & fully scalable Layer-1 in the world. The world’s first blockDAG – a digital ledger enabling parallel blocks and instant transaction confirmation – built on a robust proof-of-work engine with rapid single-second block intervals. Built by industry pioneers, led by the people. "completely open source with no central governance – following in the ethos of coins like Bitcoin, Litecoin, or Monero." 💰 Initial funding from Polychain Capital supported Kaspa's launch, and the project forgoes allocations or premine to ensure transparency and fairness. 👥 Yonatan Sompolinsky, Michael Sutton, Shai Wyborski, Elichai Turkel, Ori Newman, and Mike Zak are key contributors and core developers of Kaspa. Launch Date November 7, 2021 (no premine, no allocated coins) Uses lots of Rust, Go, and others KAS has a circulating supply of 12.4B and maximum supply of 28.7B. It was launched with no re-mine, 0 pre-sales, and no token allocations. It has an emission program that halves yearly through seamless monthly reductions by a factor of (1/2)^(1/12). Hashing Algorithm kHeavyHash Consensus Proof of Work BlockDAG How they solve the Blockchain Trilemma To solve this tradeoff, Kaspa’s consensus layer uses GhostDAG, a proof-of-work consensus protocol that generalizes Nakamoto’s chain into a directed acyclic graph of blocks ( blockDAG). GhostDAG incorporates”orphan” blocks into the chain to form a blockDAG, and then uses a novel greedy algorithm to order the blocks such that well-connected, honest blocks are favored, quickly and with high probability. GhostDAG allows Kaspa to circumvent the traditional tradeoff of blockchains, improving on block rate by orders of magnitude while maintaining the theoretical security guarantees of Bitcoin. Block time 1 second Circulating Supply 19.39B KAS MAX SUPPLY ~28.7B Market Cap $501.8M Kaspa Forum Filled with Problems (https://imgur.com/a/cbKcP9k) Thank you Boosters If you get some value from this show, please consider sending a boost. Hearing from you means a lot to us! Send a Boost via the Podcast Index web page. No Podcast app upgrade required. Install Alby (https://getalby.com/) Find the Bitcoin Dad Pod on the Podcast Index (https://podcastindex.org/podcast/5049889) Boost right from the page! Send a re-ocurring or one-off lightning boost to the show with no message at bdadpod@getalby.com or directly to Chris at chrislas@getalby.com Value for Value Podcasting 2.0 to support an indepenent podcasting ecosystem (https://podcastindex.org/) Recomended Podcasting2.0 apps: Fountain (https://www.fountain.fm/) podcast app (Android) Podverse (https://podverse.fm/) (Cross platform and self hostable) + Alby (https://getalby.com/) for boosts Castamatic (https://apps.apple.com/us/app/castamatic-podcast-player/id966632553) (Apple) Sponsors and Acknowledgements Music by Lesfm from Pixabay Self Hosted Show (https://selfhosted.show/) courtesy of Jupiter Broadcasting (https://www.jupiterbroadcasting.com/)
Interview: Paul Sztorc Paul's vision of scaling is built on his proposal for drivechains (https://drivechain.xyz/), sidechains that hold coins using bitcoin miner escarow Pauls proposal of thunder, a way to scale sidechains (https://www.truthcoin.info/blog/thunder/) on bitcoin The mathematical limitations (https://www.truthcoin.info/blog/lightning-limitations/) of lightning network scaling on bitcoin Hal Phinney on intrade (https://www.overcomingbias.com/p/intrades-condithtml) and prediction markets The pre-Blockstream sidechains paper (https://blockstream.com/sidechains.pdf) that formed the basis for the Liquid Sidechain The original Scaling Bitcoin Conference (https://coingeek.com/scaling-bitcoin-conference-day-1/) that Paul mentioned The BitDNS conversation (https://bitcointalk.org/index.php?topic=1790) on bitcointalk.org The New Yorker Magazine convered the dramatic end of intrade (https://www.newyorker.com/news/john-cassidy/what-killed-intrade), and controversy surrounding its' CEO Paul's Drive Chain Insiders (https://t.me/dcinsiders) telegram group Feedback Remember to get in touch bitcoindadpod@protonmail.com or @bitcoindadpod (https://mobile.twitter.com/bitcoindadpod) on twitter Consider joining the matrix channel (https://matrix.to/#/#bitcoin:jupiterbroadcasting.com) using a matrix client like element (https://element.io/get-started), details here (https://www.jupiterbroadcasting.com/community/matrix/) Thank you Boosters If you get some value from this show, please consider sending a boost. Hearing from you means a lot to us! Send a Boost via the Podcast Index web page. No Podcast app upgrade required. Install Alby (https://getalby.com/) Find the Bitcoin Dad Pod on the Podcast Index (https://podcastindex.org/podcast/5049889) Boost right from the page! Send a re-ocurring or one-off lightning boost to the show with no message at bdadpod@getalby.com or directly to Chris at chrislas@getalby.com Value for Value Podcasting 2.0 to support an indepenent podcasting ecosystem (https://podcastindex.org/) Recomended Podcasting2.0 apps: Fountain (https://www.fountain.fm/) podcast app (Android) Podverse (https://podverse.fm/) (Cross platform and self hostable) + Alby (https://getalby.com/) for boosts Castamatic (https://apps.apple.com/us/app/castamatic-podcast-player/id966632553) (Apple) Sponsors and Acknowledgements Music by Lesfm from Pixabay Self Hosted Show (https://selfhosted.show/) courtesy of Jupiter Broadcasting (https://www.jupiterbroadcasting.com/)
Pre-Show Coinmetrics can accurately predict bitcoin global energy use (https://web.archive.org/web/20230615093116/https://5264302.fs1.hubspotusercontent-na1.net/hubfs/5264302/special-insights/coinmetrics-research_the-signal-and-the-nonce.pdf) by fingerprinting ASIC chips through their nonce values The worst data scientist RE bitcoin energy debates his model with bitcoiners (https://stephanlivera.com/episode/487/), give it a listen News The NYT laments the end of the hallucination of a sustainable globalized economy (https://archive.is/JcHqD#selection-1432.0-1432.1) and begins to orangepill its' readers “Financial globalization was supposed to usher in an era of robust growth and fiscal stability in the developing world,” said Jayati Ghosh, an economist at the University of Massachusetts Amherst. But “it ended up doing the opposite.” Economics Arthur Hayes on the fungible nature (https://blog.bitmex.com/fungible/) of capital and why U.S. anti-crypto moves are irrelevant Bitcoin Education Bitcoin Optech Newsletter #256 discusses the dry but consensus shaping implications of different transaction relay policies (https://bitcoinops.org/en/newsletters/2023/06/21/), which helps illustrate the hot mess of decentralized consensus and how this really is a huge experiment On the other end of the spectrum, identical policies across the network help converge mempool contents. A network with matching mempools relays transactions the most smoothly, and is also ideal for fee estimation (https://bitcoinops.org/en/newsletters/2023/06/07/#waiting-for-confirmation-4-feerate-estimation) and compact block relay (https://bitcoinops.org/en/newsletters/2023/05/17/#waiting-for-confirmation-1-why-do-we-have-a-mempool) as mentioned in previous posts. Feedback Remember to get in touch bitcoindadpod@protonmail.com or @bitcoindadpod (https://mobile.twitter.com/bitcoindadpod) on twitter Consider joining the matrix channel (https://matrix.to/#/#bitcoin:jupiterbroadcasting.com) using a matrix client like element (https://element.io/get-started), details here (https://www.jupiterbroadcasting.com/community/matrix/) Thank you Boosters If you get some value from this show, please consider sending a boost. Hearing from you means a lot to us! Send a Boost via the Podcast Index web page. No Podcast app upgrade required. Install Alby (https://getalby.com/) Find the Bitcoin Dad Pod on the Podcast Index (https://podcastindex.org/podcast/5049889) Boost right from the page! Send a re-ocurring or one-off lightning boost to the show with no message at bdadpod@getalby.com or directly to Chris at chrislas@getalby.com Value for Value Podcasting 2.0 to support an indepenent podcasting ecosystem (https://podcastindex.org/) Recomended Podcasting2.0 apps: Fountain (https://www.fountain.fm/) podcast app (Android) Podverse (https://podverse.fm/) (Cross platform and self hostable) + Alby (https://getalby.com/) for boosts Castamatic (https://apps.apple.com/us/app/castamatic-podcast-player/id966632553) (Apple) Sponsors and Acknowledgements Music by Lesfm from Pixabay Self Hosted Show (https://selfhosted.show/) courtesy of Jupiter Broadcasting (https://www.jupiterbroadcasting.com/)
Shownotes to come Feedback Remember to get in touch bitcoindadpod@protonmail.com or @bitcoindadpod (https://mobile.twitter.com/bitcoindadpod) on twitter Consider joining the matrix channel (https://matrix.to/#/#bitcoin:jupiterbroadcasting.com) using a matrix client like element (https://element.io/get-started), details here (https://www.jupiterbroadcasting.com/community/matrix/) Thank you Boosters If you get some value from this show, please consider sending a boost. Hearing from you means a lot to us! Send a Boost via the Podcast Index web page. No Podcast app upgrade required. Install Alby (https://getalby.com/) Find the Bitcoin Dad Pod on the Podcast Index (https://podcastindex.org/podcast/5049889) Boost right from the page! Send a re-ocurring or one-off lightning boost to the show with no message at bdadpod@getalby.com or directly to Chris at chrislas@getalby.com Value for Value Podcasting 2.0 to support an indepenent podcasting ecosystem (https://podcastindex.org/) Recomended Podcasting2.0 apps: Fountain (https://www.fountain.fm/) podcast app (Android) Podverse (https://podverse.fm/) (Cross platform and self hostable) + Alby (https://getalby.com/) for boosts Castamatic (https://apps.apple.com/us/app/castamatic-podcast-player/id966632553) (Apple) Sponsors and Acknowledgements Music by Lesfm from Pixabay Self Hosted Show (https://selfhosted.show/) courtesy of Jupiter Broadcasting (https://www.jupiterbroadcasting.com/)
News Sec complaint against Coinbase (https://storage.courtlistener.com/recap/gov.uscourts.nysd.599908/gov.uscourts.nysd.599908.1.0.pdf) is an interesting read and includes the Coinbase self-custodial wallet as a target The U.S. Justice Department claims two Russian nationals laundered 647k bitcoin (https://archive.is/MXuRz) from the Mt. Gox hack Economics and Banking Arthur preaches patience (https://blog.bitmex.com/patience-is-beautiful/) in waiting for the fiat liquidity situation to work out The In Gold we Trust (https://ingoldwetrust.report/wp-content/uploads/2022/05/In-Gold-We-Trust-report-2022-Compact-Version-english.pdf) report is back and the theme is Stagflation Bitcoin Education Bitcoin Optech covers a demonstration of a less efficient op code in stead of OP_CTV using a merkalize all the things (https://bitcoinops.org/en/newsletters/2023/06/07/) (MATT) component Feedback Remember to get in touch bitcoindadpod@protonmail.com or @bitcoindadpod (https://mobile.twitter.com/bitcoindadpod) on twitter Consider joining the matrix channel (https://matrix.to/#/#bitcoin:jupiterbroadcasting.com) using a matrix client like element (https://element.io/get-started), details here (https://www.jupiterbroadcasting.com/community/matrix/) Thank you Boosters If you get some value from this show, please consider sending a boost. Hearing from you means a lot to us! Send a Boost via the Podcast Index web page. No Podcast app upgrade required. Install Alby (https://getalby.com/) Find the Bitcoin Dad Pod on the Podcast Index (https://podcastindex.org/podcast/5049889) Boost right from the page! Send a re-ocurring or one-off lightning boost to the show with no message at bdadpod@getalby.com or directly to Chris at chrislas@getalby.com Value for Value Podcasting 2.0 to support an indepenent podcasting ecosystem (https://podcastindex.org/) Recomended Podcasting2.0 apps: Fountain (https://www.fountain.fm/) podcast app (Android) Podverse (https://podverse.fm/) (Cross platform and self hostable) + Alby (https://getalby.com/) for boosts Castamatic (https://apps.apple.com/us/app/castamatic-podcast-player/id966632553) (Apple) Sponsors and Acknowledgements Music by Lesfm from Pixabay Self Hosted Show (https://selfhosted.show/) courtesy of Jupiter Broadcasting (https://www.jupiterbroadcasting.com/)
Interview: Burak on ARK Burak's Links His blog (https://burakkeceli.medium.com/) on medium The ark project (arkpill.me) website Ark telegram (https://t.me/ark_network_community) group for asking questions Links Related to Ark Conversation A description of ark as a coinpool protocol (https://bitcoinops.org/en/newsletters/2023/05/31/) in the Bitcoin Optech Newsletter #253 Ruben Somsens' ark explanation (https://gist.github.com/RubenSomsen/a394beb1dea9e47e981216768e007454) on github Feedback Remember to get in touch bitcoindadpod@protonmail.com or @bitcoindadpod (https://mobile.twitter.com/bitcoindadpod) on twitter Consider joining the matrix channel (https://matrix.to/#/#bitcoin:jupiterbroadcasting.com) using a matrix client like element (https://element.io/get-started), details here (https://www.jupiterbroadcasting.com/community/matrix/) Thank you Boosters If you get some value from this show, please consider sending a boost. Hearing from you means a lot to us! Send a Boost via the Podcast Index web page. No Podcast app upgrade required. Install Alby (https://getalby.com/) Find the Bitcoin Dad Pod on the Podcast Index (https://podcastindex.org/podcast/5049889) Boost right from the page! Send a re-ocurring or one-off lightning boost to the show with no message at bdadpod@getalby.com or directly to Chris at chrislas@getalby.com Value for Value Podcasting 2.0 to support an indepenent podcasting ecosystem (https://podcastindex.org/) Recomended Podcasting2.0 apps: Fountain (https://www.fountain.fm/) podcast app (Android) Podverse (https://podverse.fm/) (Cross platform and self hostable) + Alby (https://getalby.com/) for boosts Castamatic (https://apps.apple.com/us/app/castamatic-podcast-player/id966632553) (Apple) Sponsors and Acknowledgements Music by Lesfm from Pixabay Self Hosted Show (https://selfhosted.show/) courtesy of Jupiter Broadcasting (https://www.jupiterbroadcasting.com/)
Pre-Show Border Searches of Cell Phones Require a Warrant, Rules US Federal Judge in a Historic Decision (https://www.nobsbitcoin.com/border-searches-of-cell-phones-require-a-warrant-us-federal-judge/) News Lots of crypto schadenfreude in Amy Castor's newsletter (https://amycastor.com/2023/05/26/crypto-collapse-fahrenheit-buys-celsius-dcg-may-be-broke-hong-kong-cracks-down-binance-commingling-how-bitfinex-was-hacked/) Economics and Banking The EU's cbdc is using a UTXO model (https://web.archive.org/web/20230530211750/https://www.ecb.europa.eu/pub/pdf/other/ecb.prototype_summary20230526~71d0b26d55.en.pdf), but no, this isn't a response to bitcoin USDC Issuer Circle Has Ditched All U.S. Treasuries From $24B Reserve Fund Amid Debt Ceiling Showdown (https://finance.yahoo.com/news/usdc-issuer-circle-ditched-u-184028302.html) Tether is investing operating profits in bitcoin (https://archive.ph/zmtAv), Energy A multi university study of the texas grid (https://www.sciencedirect.com/science/article/pii/S266679242300015X) identifies positive benefits to bitcoin miners engaged in demand resposne programs Bitcoin Education The problem of low-value (https://blog.bitmex.com/lightning-payments-when-are-they-too-small-to-secure/?ref=nobsbitcoin.com) lightning payments Bitcoin Optech Newsletter #253 (https://bitcoinops.org/en/newsletters/2023/05/31/) covers ARK, analsysis of different transaction sizes and lots of updates Feedback Remember to get in touch bitcoindadpod@protonmail.com or @bitcoindadpod (https://mobile.twitter.com/bitcoindadpod) on twitter Consider joining the matrix channel (https://matrix.to/#/#bitcoin:jupiterbroadcasting.com) using a matrix client like element (https://element.io/get-started), details here (https://www.jupiterbroadcasting.com/community/matrix/) Thank you Boosters If you get some value from this show, please consider sending a boost. Hearing from you means a lot to us! Send a Boost via the Podcast Index web page. No Podcast app upgrade required. Install Alby (https://getalby.com/) Find the Bitcoin Dad Pod on the Podcast Index (https://podcastindex.org/podcast/5049889) Boost right from the page! Send a re-ocurring or one-off lightning boost to the show with no message at bdadpod@getalby.com or directly to Chris at chrislas@getalby.com Value for Value Podcasting 2.0 to support an indepenent podcasting ecosystem (https://podcastindex.org/) Recomended Podcasting2.0 apps: Fountain (https://www.fountain.fm/) podcast app (Android) Podverse (https://podverse.fm/) (Cross platform and self hostable) + Alby (https://getalby.com/) for boosts Castamatic (https://apps.apple.com/us/app/castamatic-podcast-player/id966632553) (Apple) Sponsors and Acknowledgements Music by Lesfm from Pixabay Self Hosted Show (https://selfhosted.show/) courtesy of Jupiter Broadcasting (https://www.jupiterbroadcasting.com/)
Pre-show BanterAlameda Research,Sam Bankman-Fried’s hedge fund, took a big hit on MobileCoin (https://www.ft.com/content/5e9dc424-aef4-4981-a4d7-e3c40e1e6085), which may have started the spiral into fraud and theft NewsAnother crypto billionaire you've never heard of dies mysteriously (https://nitter.net/zachxbt/status/1597605409883566080#m)Crypto CEOs' and Founders' 'Sudden Deaths'—What We Do Know, What We Don't (https://www.newsweek.com/crypto-ceos-founders-sudden-deathswhat-we-do-know-what-we-dont-1763586)Third crypto boss dies after Russian billionaire's helicopter crashes (https://metro.co.uk/2022/11/29/russian-billionaire-dies-in-helicopter-crash-in-another-mystery-crypto-death-17845398/)Prime Trust, a bitcoin custodian, fires its ceo & founder (https://www.coindesk.com/business/2022/11/29/crypto-services-firm-prime-trust-has-fired-ceo-tom-pageler/)They custody funds (https://help.swanbitcoin.com/hc/en-us/articles/360050513913-Who-is-Prime-Trust-) for Swan BitcoinRevealed: The $14M mystery behind a new crypto super PAC (https://www.politico.com/news/2022/04/19/crypto-super-pac-campaign-finance-00026146)EconomicsArthur Hayes writes the American history of racial politics (https://blog.bitmex.com/white-boy/) that contextualizes the rise of SBFLyn Alden's November Newsletter (https://www.lynalden.com/november-2022-newsletter/) details the US Long Term Debte spiralCBDCs Sputnik Moment (https://www.lawfareblog.com/mbridge-somewhere-central-banking-having-its-sputnik-moment) leading to experiments in the wild EnergySwitzerland might put bans on EVs (https://twitter.com/eadatt/status/1598401789526933504) in the midst of energy scarcity this winterTokenomicsAnkr defi project exploited for over $5 million (https://web3isgoinggreat.com/?id=ankr-defi-project-exploited)How Attackers Made $15M From Staking Platform Helio After Ankr Exploit (https://www.coindesk.com/tech/2022/12/02/how-attackers-made-15m-from-staking-platform-helio-after-ankr-exploit/)TechnologyCoinbase Removed NFTs from iOS App (https://twitter.com/coinbasewallet/status/1598354820905197576) because apple is a platform monopolyBitcoin EducationBitcoin Optech Newsletter #228 (https://bitcoinops.org/en/newsletters/2022/11/30/)Channel jamming attacks (https://bitcoinops.org/en/topics/channel-jamming-attacks/) explained on bitcoinopsHash Time Locked Contracts (https://en.bitcoin.it/wiki/Hash_Time_Locked_Contracts) explained on the Bitcoin WikiHTLCs Exlained in the lightning-network-paper.pdf (https://lightning.network/lightning-network-paper.pdf#page=30)Adam Gibsons Adopting Bitcoin talk on the problem of identity (https://www.youtube.com/watch?v=5ckIrGXLTa0) in preventing DOS attacksFeedbackRemember to get in touch bitcoindadpod@protonmail.com or @bitcoindadpod (https://mobile.twitter.com/bitcoindadpod) on twitterConsider joining the matrix channel (https://matrix.to/#/#bitcoin:jupiterbroadcasting.com) using a matrix client like element (https://element.io/get-started), details here (https://www.jupiterbroadcasting.com/community/matrix/)Value for ValuePodcasting 2.0 to support an indepenent podcasting ecosystem (https://podcastindex.org/)Recomended Podcasting2.0 apps:Fountain (https://www.fountain.fm/) podcast app (Android)Podverse (https://podverse.fm/) (Cross platform and self hostable)Castamatic (https://apps.apple.com/us/app/castamatic-podcast-player/id966632553) (Apple)+ Podcasting 2.0 to support an indepenent podcasting ecosystem (https://podcastindex.org/)Sponsors and AcknowledgementsMusic by Lesfm from PixabaySelf Hosted Show (https://selfhosted.show/) courtesy of Jupiter Broadcasting (https://www.jupiterbroadcasting.com/)
News Bitcoin craigslist alternative (https://satscrap.com/listings/submit) launches FTX bankruptcy turning into a contest between Bahammas and US (https://www.nobsbitcoin.com/the-securities-commission-of-the-bahamas-confirms-they-seized-digital-assets-of-ftx/) regulators over who gets to go after FTX's assets Tokenomics MetaMask will start collecting user IP addresses (https://cointelegraph.com/news/metamask-will-start-collecting-user-ip-addresses) Technology bitcoin core v24 released (https://github.com/bitcoin/bitcoin/blob/master/doc/release-notes/release-notes-24.0.md) A debate about decentralization for mastadon (https://lucumr.pocoo.org/2022/11/14/scaling-mastodon/) Privacy Alexi P still being held but now charged with moneylaundering (https://www.coindesk.com/policy/2022/11/22/tornado-cash-developer-alexey-pertsev-to-remain-in-jail-until-at-least-late-februrary/) Bitcoin Education Bitcoin core version 24 (https://www.nobsbitcoin.com/bitcoin-core-v24/) released k3tan's Sparrow wallet guide is a good way to start self custody (https://www.ministryofnodes.com.au/sparrow-wallet-101-self-custody-your-bitcoin) Bitcoin OpTech #227 (https://bitcoinops.org/en/newsletters/2022/11/23/) has little news, lots of information Adopting Bitcoin Recap Fediment creater Eric Sirion on comunity banking (https://www.youtube.com/watch?v=JrGr8M6hB2w) with privacy by default Things aren't perfect in El Salvador (https://www.theblock.co/post/189676/how-much-bitcoin-does-el-salvador-have-good-luck-getting-an-answer) but its coming from a low bar Feedback Remember to get in touch bitcoindadpod@protonmail.com or @bitcoindadpod (https://mobile.twitter.com/bitcoindadpod) on twitter Consider joining the matrix channel (https://matrix.to/#/#bitcoin:jupiterbroadcasting.com) using a matrix client like element (https://element.io/get-started), details here (https://www.jupiterbroadcasting.com/community/matrix/) Corrections paraparasol on Hong Kong penal code Value for Value Podcasting 2.0 to support an indepenent podcasting ecosystem (https://podcastindex.org/) Recomended Podcasting2.0 apps: Fountain (https://www.fountain.fm/) podcast app (Android) Podverse (https://podverse.fm/) (Cross platform and self hostable) Castamatic (https://apps.apple.com/us/app/castamatic-podcast-player/id966632553) (Apple)+ Podcasting 2.0 to support an indepenent podcasting ecosystem (https://podcastindex.org/) Sponsors and Acknowledgements Music by Lesfm from Pixabay Self Hosted Show (https://selfhosted.show/) courtesy of Jupiter Broadcasting (https://www.jupiterbroadcasting.com/)
BDAPOD 051 Pre-show Banter El Salvador is DCAing the dip (https://decrypt.co/114897/el-salvador-start-buying-1-bitcoin-every-day-says-president-bukele) News On chain data shows the FTX connection to Alameda (https://twitter.com/glassnode/status/1590467845175283713) Economics Japanese inflation hits 40 year high (https://asia.nikkei.com/Economy/Inflation/Japan-s-inflation-hits-40-year-high-as-weak-yen-fans-import-costs) Tokenomics FTX promoters are already getting hit with class action lawsuits (https://deadline.com/2022/11/tom-brady-giselle-bundchen-ftx-lawsuit-larry-david-steph-curry-crypto-1235174541/) Cory on the biggest scam in 'crypto:' a16z (https://twitter.com/coryklippsten/status/1592242420137148416) Invested in Worldcoin that stole people's eye scans (https://www.technologyreview.com/2022/04/06/1048981/worldcoin-cryptocurrency-biometrics-web3/) Crypto.com accidentally sent 320k ETH (https://nitter.net/MikeBurgersburg/status/1591611423159111680) to an external address, only got 285k back Bitcoin cash to be legal tender in St. Kitts and Nevis (https://cryptoslate.com/st-kitts-and-nevis-to-adopt-bitcoincash-as-legal-tender-in-2023/), looks like Roger Verr has been busy Technology The slippery slope of de-decentralization in the history of email (https://blog.lopp.net/death-of-decentralized-email/), thanks Jameson! Bitcoin Education Check out darth coin's lightning wallet guide (https://darthcoin.substack.com/p/lightning-wallets-comparison) Bitcoin Optech #226 (https://bitcoinops.org/en/newsletters/2022/11/16/) covers new covenant types (https://merkle.fun/) and channel jamming attacks Is Muun not really a lightning wallet? (https://twitter.com/ThePeteypoo/status/1592558323618181120) Muun on Twitter: 'we use submarine swaps (https://twitter.com/MuunWallet/status/1593407404401639425)' A guide to submarine swaps (https://thebitcoinmanual.com/articles/btc-submarine-swaps/) on bitcoin ZeroConf debates again (https://twitter.com/peterktodd/status/1588230216593309701), getting BlockSize wars vibes Feedback Remember to get in touch bitcoindadpod@protonmail.com or @bitcoindadpod on twitter Consider joining the matrix channel (https://matrix.to/#/#bitcoin:jupiterbroadcasting.com) using a matrix client like element (https://element.io/get-started) Corrections None today! Value for Value Podcasting 2.0 to support an indepenent podcasting ecosystem (https://podcastindex.org/) Recomended Podcasting2.0 apps: Fountain (https://www.fountain.fm/) podcast app (Android) Podverse (https://podverse.fm/) (Cross platform and self hostable) Castamatic (https://apps.apple.com/us/app/castamatic-podcast-player/id966632553) (Apple)+ Podcasting 2.0 to support an indepenent podcasting ecosystem (https://podcastindex.org/) Feedback Self hosted budget app suggestions from Jon 1. Kresus : https://kresus.org (npm or Docker) more for Europeen people I suppose as it connects to your bank to do the sync automagically. 2. Cozy Banks : https://cozy.io/en/features/#bank Cozy is like a simplier nextcloud with a bank app integrated similar to Kresus 2. Buckets™ : https://www.budgetwithbuckets.com (client only). I like there blog, it's a couple developping it. 3. Actual https://actualbudget.com (more on github with Docker https://github.com/actualbudget/actual) Sponsors and Acknowledgements Music by Lesfm from Pixabay Self Hosted Show (https://selfhosted.show/) courtesy of Jupiter Broadcasting (https://www.jupiterbroadcasting.com/)
News FTX is insolvent (https://www.nobsbitcoin.com/binance-announces-to-buy-ftx/) and Binance has declined to buy (https://twitter.com/binance/status/1590449161069268992) Lyn Alden thinks its a clownshow (https://twitter.com/LynAldenContact/status/1590063257158811648) Apparently Tether escaped unscathed (https://twitter.com/paoloardoino/status/1590170667646795776) Novograts' Galaxy Digital Reveals $76.8M Exposure Linked to FTX (https://www.coindesk.com/business/2022/11/09/crypto-finance-firm-galaxy-digital-reveals-768m-exposure-linked-to-ftx/) SBF was pumping worthless FTT (https://twitter.com/WClementeIII/status/1590355852426612736) on twitter the whole time How it went down (https://twitter.com/jonwu_/status/1590099676744646656) Google gives Solana its kiss of death (https://decrypt.co/113632/google-cloud-just-became-a-solana-validator) The greatest bitcoin 'hacker' in history gets his coins siezed (https://nitter.net/FractalEncrypt/status/1590004548864978944), but was he really a hacker? Read the whole glorious, sad, terrifying saga on archive.ph (https://archive.ph/99FPN) Bitcoin is dead (https://medium.com/crypto-24-7/bitcoin-is-finished-863e5370150), throw in the towel Economics Global central bankers didn't get the message: 'don't fight the FED (https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/global-central-bankers-find-little-success-fighting-us-dollar-s-record-strength-72905099) Tokenomics School yourself on crypto-ponzinomic fundamentals with Lyn Alden's piece Digital Alchemy (https://www.lynalden.com/digital-alchemy/) Arthur has some choice quotes (https://blog.bitmex.com/speechless/) from Alameda Research's pill popping CEO from 2 years ago Bitcoin Education We're doing self custody again and its all about sparrow wallet (https://sparrowwallet.com/download/) for the desktop Check out darth coin's lightning wallet guide (https://darthcoin.substack.com/p/lightning-wallets-comparison) Feedback Remember to get in touch bitcoindadpod@protonmail.com or @bitcoindadpod on twitter Consider joining the matrix channel (https://matrix.to/#/#bitcoin:jupiterbroadcasting.com) using a matrix client like element (https://element.io/get-started) Value for Value Podcasting 2.0 to support an indepenent podcasting ecosystem (https://podcastindex.org/) Recomended Podcasting2.0 apps: Fountain (https://www.fountain.fm/) podcast app (Android) Podverse (https://podverse.fm/) (Cross platform and self hostable) Castamatic (https://apps.apple.com/us/app/castamatic-podcast-player/id966632553) (Apple)+ Podcasting 2.0 to support an indepenent podcasting ecosystem (https://podcastindex.org/) Sponsors and Acknowledgements The Adopting Bitcoin Conference (https://adoptingbitcoin.org/2022/) Novem ber 15, 16 & 17, 2022 in El Salvador, use promo code BITCOINDAD for a 21% di scount Music by Lesfm from Pixabay Self Hosted Show (https://selfhosted.show/) courtesy of Jupiter Broadcasting (https://www.jupiterbroadcasting.com/)
News Burak broke the lightning network (https://twitter.com/brqgoo/status/1587397646125260802) again and the LNsploit (https://archive.ph/u80RK#selection-242.0-242.1) team will steal your money Consensus conflict caused by maxWitnessItemsPerInput (https://github.com/btcsuite/btcd/issues/1906) Burak on Twitter (https://twitter.com/brqgoo/status/1588318170821296128) Stronghold Digital trades miners to NYDIG (https://www.coindesk.com/business/2022/11/01/bitcoin-miner-stronghold-digital-completes-debt-restructuring/) for debt cancellation, check out CEO's Outfit (https://strongholddigitalmining.com/#) Economics Honkong and China's Dollar Problem (https://blog.bitmex.com/comeback/) Bank of England expects UK to fall into longest ever recession (https://www.bbc.com/news/business-63471725) Wall Street Silver on Twitter: “Inflation came from nowhere” (https://twitter.com/wallstreetsilv/status/1586742825693192192) Lyn Alden: "This takes some time to manifest, but it will be interesting (https://twitter.com/LynAldenContact/status/1588332187711344640)" Bitcoin Education Validity rollups (https://bitcoinrollups.org/) and their history A meat and potatoes bitcoin optech (https://bitcoinops.org/en/newsletters/2022/11/02/) bitcoin - Rust (https://docs.rs/bitcoin/latest/bitcoin/) Feedback Remember to get in touch bitcoindadpod@protonmail.com or @bitcoindadpod on twitter Consider joining the matrix channel (https://matrix.to/#/#bitcoin:jupiterbroadcasting.com) using a matrix client like element (https://element.io/get-started) Value for Value Podcasting 2.0 to support an indepenent podcasting ecosystem (https://podcastindex.org/) Recomended Podcasting2.0 apps: Fountain (https://www.fountain.fm/) podcast app (Android) Podverse (https://podverse.fm/) (Cross platform and self hostable) Castamatic (https://apps.apple.com/us/app/castamatic-podcast-player/id966632553) (Apple)+ Podcasting 2.0 to support an indepenent podcasting ecosystem (https://podcastindex.org/) Feedback Tuur Demeiester on Stephen Molyneux's online cult (https://cryptonews.com/videos/i-was-in-a-cult-with-tuur-demeester.htm) Sponsors and Acknowledgements The Adopting Bitcoin Conference (https://adoptingbitcoin.org/2022/) Novem ber 15, 16 & 17, 2022 in El Salvador, use promo code BITCOINDAD for a 21% di scount Music by Lesfm from Pixabay Self Hosted Show (https://selfhosted.show/) courtesy of Jupiter Broadcasting (https://www.jupiterbroadcasting.com/)
News CSW aka Faketoshi must pay hodlnaut's legal fees (https://www.coindesk.com/policy/2022/10/20/hodlonaut-wins-norwegian-lawsuit-against-self-styled-satoshi-craig-wright/) Core Scientific on on bankruptcy watch (https://www.coindesk.com/business/2022/10/27/core-scientific-to-suspend-payments-as-cash-dwindles/) Bitcoin Mining Heat Being Used to Grow Food (https://www.youtube.com/watch?v=cSYQuZOfPZA) Justice Department report on Digital Assets (https://webcache.googleusercontent.com/search?q=cache:https://www.justice.gov/ag/page/file/1535236/download%3Futm_source=substack%26utm_medium=email) (GOOGLE LINK WARNING), proposes expanding Civil Forefiture (https://archive.ph/90pfp) to make seizing bitcoin easier The infrastructure to go after bitcoin holders is being built rapidly (https://archive.ph/Om9ra) Amy Castor covers Voyager and Celsius drama (https://amycastor.com/2022/10/27/crypto-collapse-bitcoin-stagnant-selling-celsius-and-voyager-how-3ac-died/) in her newsletter Matt Levine's The Only Crypto Story You Need (https://archive.ph/1nLAW) is a deeply subversive case for bitcoin that tries to ignore its obvious conclusion Tokenomics Hanke on the Egyption Pound (https://twitter.com/steve_hanke/status/1585731561189785607), he was recently on John Stewards podcast (https://www.youtube.com/watch?v=m4MahOuEdVw) defending neo-liberal economics Privacy Chinese spies use bitcoin for bribes (https://archive.ph/3Q6H7), but seriously, why not monero? Bitcoin Education Bitcoin Optech #223 (https://bitcoinops.org/en/newsletters/2022/10/26/) is a lot of incremental updates and technical details Includes a good introduction to FROST (https://diyhpl.us/wiki/transcripts/bitcoin-core-dev-tech/2022-10-11-frost/), a taproot multi-signature impelmentation Feedback Remember to get in touch bitcoindadpod@protonmail.com or @bitcoindadpod on twitter Consider joining the matrix channel (https://matrix.to/#/#bitcoin:jupiterbroadcasting.com) using a matrix client like element (https://element.io/get-started) Value for Value Podcasting 2.0 to support an indepenent podcasting ecosystem (https://podcastindex.org/) Recomended Podcasting2.0 apps: Fountain (https://www.fountain.fm/) podcast app (Android) Podverse (https://podverse.fm/) (Cross platform and self hostable) Castamatic (https://apps.apple.com/us/app/castamatic-podcast-player/id966632553) (Apple)+ Podcasting 2.0 to support an indepenent podcasting ecosystem (https://podcastindex.org/) Sponsors and Acknowledgements The Adopting Bitcoin Conference (https://adoptingbitcoin.org/2022/) Novem ber 15, 16 & 17, 2022 in El Salvador, use promo code BITCOINDAD for a 21% di scount Music by Lesfm from Pixabay Self Hosted Show (https://selfhosted.show/) courtesy of Jupiter Broadcasting (https://www.jupiterbroadcasting.com/)
Interview with Malachi Salcido Malachi's mining company (https://www.salcidoenterprises.tech/about) Feedback Remember to get in touch bitcoindadpod@protonmail.com or @bitcoindadpod on twitter Consider joining the matrix channel (https://matrix.to/#/#bitcoin:jupiterbroadcasting.com) using a matrix client like element (https://element.io/get-started) Value for Value Podcasting 2.0 to support an indepenent podcasting ecosystem (https://podcastindex.org/) Recomended Podcasting2.0 apps: Fountain (https://www.fountain.fm/) podcast app (Android) Podverse (https://podverse.fm/) (Cross platform and self hostable) Castamatic (https://apps.apple.com/us/app/castamatic-podcast-player/id966632553) (Apple)+ Podcasting 2.0 to support an indepenent podcasting ecosystem (https://podcastindex.org/) Sponsors and Acknowledgements The Adopting Bitcoin Conference (https://adoptingbitcoin.org/2022/) Novem ber 15, 16 & 17, 2022 in El Salvador, use promo code BITCOINDAD for a 21% di scount Music by Lesfm from Pixabay Self Hosted Show (https://selfhosted.show/) courtesy of Jupiter Broadcasting (https://www.jupiterbroadcasting.com/)
News If it wasn't obvious that 'institutional crypto' is a joke: JP Morgan hires Celcius exec? (https://www.coindesk.com/business/2022/10/19/jpmorgan-appoints-former-celsius-exec-as-crypto-regulatory-policy-head-report/) Hodlnaud defeats CSW in court (https://bitcoinmagazine.com/legal/hodlonaut-wins-defamation-case-against-craig-wright) and the judge basically rules 'not Satoshi' Economics The global housing bubble looks like its popping (https://wolfstreet.com/2022/10/21/the-most-splendid-housing-bubbles-in-canada-october-update-prices-plunge-at-fastest-pace-on-record/) Adults are living with their parents at unprecedented levels (https://fortune.com/2022/03/25/more-adults-living-with-parents-than-ever-pew-research-pandemic-covid-great-depression/) as crushing debt, a runaway housing market, and the pandemic make independence impossible | Fortune The Bank of England delivers with two great papers on economic history: Venetians, Volcker (https://bankunderground.co.uk/2017/01/04/venetians-volcker-and-value-at-risk-8-centuries-of-bond-market-reversals/) and Value-at-Risk: 8 centuries of bond market reversals Global real interest rates since 1311: (https://bankunderground.co.uk/2017/11/06/guest-post-global-real-interest-rates-since-1311-renaissance-roots-and-rapid-reversals/) Renaissance roots and rapid reversals Tokenomics The Slottie NFT Casion mataverse ICO based on etherium is an unregistered security offering (https://www.ssb.texas.gov/news-publications/three-state-securities-regulators-file-enforcement-actions-stop-sales-fraudulent) according to US regulators Etherium is now OFAC compliant (https://www.mevwatch.info/), validators are following their financial incentives (https://www.reddit.com/r/CryptoCurrency/comments/y413q8/in_the_last_24hrs_51_of_eth_blocks_were_censored/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) Brazillian bank launching token on Polygon (https://www.coindesk.com/business/2022/10/19/brazils-largest-digital-lender-nubank-to-roll-out-own-token-to-70m-users-in-2023), apparently iBex Mercado already has a coin Bitcoin Education Bitcoin Optech #222 (https://bitcoinops.org/en/newsletters/2022/10/19/) details the taprood LND/BTCD bug and the new replace by fee upgrades Feedback Remember to get in touch bitcoindadpod@protonmail.com or @bitcoindadpod on twitter Consider joining the matrix channel (https://matrix.to/#/#bitcoin:jupiterbroadcasting.com) using a matrix client like element (https://element.io/get-started) A listener asked about the xen protocol (https://xensource.gitbook.io/www.xenpedia.io/about-xen/why-xen-is-unique) and I think it lives on the scam/irrelevant axis Corrections A listener pointed out that perhaps CSW's autism explains his 'bot fight' from last week The BDP apologizes if it seemed like we were mocking a disability, it was not our intention, rather we're observing the delta between the reality of CSW and what he claims to be Dad attributed the go.dev (go.dev) language as coming from Apple, it was actually Google engineers who incepted Go Value for Value Podcasting 2.0 to support an indepenent podcasting ecosystem (https://podcastindex.org/) Recomended Podcasting2.0 apps: Fountain (https://www.fountain.fm/) podcast app (Android) Podverse (https://podverse.fm/) (Cross platform and self hostable) Castamatic (https://apps.apple.com/us/app/castamatic-podcast-player/id966632553) (Apple)+ Podcasting 2.0 to support an indepenent podcasting ecosystem (https://podcastindex.org/) Sponsors and Acknowledgements The Adopting Bitcoin Conference (https://adoptingbitcoin.org/2022/) Novem ber 15, 16 & 17, 2022 in El Salvador, use promo code BITCOINDAD for a 21% di scount Music by Lesfm from Pixabay Self Hosted Show (https://selfhosted.show/) courtesy of Jupiter Broadcasting (https://www.jupiterbroadcasting.com/)
News NYDIG lays off 30% of their staff (https://www.coindesk.com/business/2022/10/14/crypto-trading-firm-nydig-lays-off-about-33-of-staff/), guess all these finance pros didn't get their timing right But apparently web3 devs (https://cointelegraph.com/news/web3-devs-more-active-than-ever-amid-crypto-winter-report) are still going strong, doubtful Paypal promotes bitcoin with a new censorship policy and financial fines for users (https://www.theregister.com/2022/10/10/paypal_fine_disinformation/) The technical basis for their system makes this possible thus morally requires censorship A massive taproot multisig broke btcd and LND (https://bitcoin.stackexchange.com/questions/115527/what-is-the-october-2022-bug-in-lnd-what-caused-it-and-what-would-prevent-a-sim) Economics Lyn Alden's October newsletter (https://www.lynalden.com/october-2022-newsletter/) connects energy and soverign bonds: checkmate Fiancial sage Russell Napier describes the portfolio insuranve use case for bitcoin (https://themarket.ch/interview/russell-napier-the-world-will-experience-a-capex-boom-ld.7606) Tokenomics Kim pumped an altcoin scam (https://amycastor.com/2022/10/05/the-sec-busts-kim-kardashian-over-ethereummax-pour-encourager-les-autres/), paid a fine, and the SEC acted like it was a big deal CSW, aka "Faketoshi," argues with a bot on twitter (https://twitter.com/hascendp6/status/1580973154477871104) His trial against Hodlnaut is revealing multiple frauds from CSW (https://mylegacykit.medium.com/my-top-5-craig-wright-forgeries-from-the-hodlonaut-v-wright-trial-de3c936f7610) Privacy Mullvad is recomending using GrapheneOS on Android to reduce VPN data leaks (https://mullvad.net/en/blog/2022/10/10/android-leaks-connectivity-check-traffic/) Bitcoin Education Bitcoin Optech #221 (https://bitcoinops.org/en/newsletters/2022/10/12/) has a long offline funds protection proposal The story of Hydra (https://archive.ph/80d3L) is a fascinating look at Dark Net Markets Feedback Remember to get in touch bitcoindadpod@protonmail.com or @bitcoindadpod on twitter Consider joining the matrix channel (https://matrix.to/#/#bitcoin:jupiterbroadcasting.com) using a matrix client like element (https://element.io/get-started) Corrections The US Oil boom started in West Penn with Standard Oil, then moved to Texas Value for Value Podcasting 2.0 to support an indepenent podcasting ecosystem (https://podcastindex.org/) Recomended Podcasting2.0 apps: Fountain (https://www.fountain.fm/) podcast app (Android) Podverse (https://podverse.fm/) (Cross platform and self hostable) Castamatic (https://apps.apple.com/us/app/castamatic-podcast-player/id966632553) (Apple)+ Podcasting 2.0 to support an indepenent podcasting ecosystem (https://podcastindex.org/) Boost Notes Intro to space chains (https://vimeo.com/703246895/d89aba6e56) and the Telegram discussion group (https://t.me/spacechains) Getting into the culture wars with this response (https://www.youtube.com/watch?v=4LqZdkkBDas) to the Jordan Peterson is a philosopher comment and this list of Stephan M's various racist claims (https://www.splcenter.org/fighting-hate/extremist-files/individual/stefan-molyneux) Sponsors and Acknowledgements The Adopting Bitcoin Conference (https://adoptingbitcoin.org/2022/) Novem ber 15, 16 & 17, 2022 in El Salvador, use promo code BITCOINDAD for a 21% di scount Music by Lesfm from Pixabay Self Hosted Show (https://selfhosted.show/) courtesy of Jupiter Broadcasting (https://www.jupiterbroadcasting.com/)
News EU bans all Russian 'crypto wallets' (https://archive.ph/SBL2T), maybe? the documentation is poorly written Spiral BTC quarterly report mentions DesFemmes bitcoin mentorship program (https://archive.ph/OFEMo#selection-807.0-807.6), which I meant to bring up months ago Economics Arthur's Contagion article (https://blog.bitmex.com/contagion/) is a blow buy blow of how Yield Curve Control is here, forever, until we have a new financial system paradaigm Tokenomics Snippets is Arthur's mea culpa (https://blog.bitmex.com/snippets/) on levering up on Etherium's 'ultra sound money deflation' policy change, but he articulates a reasonable longterm bitcoin case BNB, an Etherium competitor run by Binance, froze their 'decentralized' chain (https://www.coindesk.com/business/2022/10/06/binance-linked-bnb-price-falls-close-to-4-on-hack-rumors/) after a hack Flashbots, yet another Etherium centralization point, is censoring transactions (https://www.theblock.co/post/175709/flashbots-co-founder-steps-down-after-disagreements-with-team-over-censorship) Privacy Celsius just doxxed every former user (https://www.nobsbitcoin.com/celsius-doxxes-all-users/) in a bankruptcy filing, the judge declined to redact user data Mulvad's online privacy guide (https://mullvad.net/en/help/first-steps-towards-online-privacy/) has good basics Bitcoin Education Serhack's analysis of the bitcoin genesis block (https://serhack.me/articles/story-behind-alternative-genesis-block-bitcoin/) is educational and entertaining Was Satoshi a greedy miner (https://blog.lopp.net/was-satoshi-a-greedy-miner/) by Jameson Lopp pairs well with Serhack's article Bitcoin Optech #220 (https://bitcoinops.org/en/newsletters/2022/10/05/) is a big issue covering transaction relay, flow control, and more Feedback Remember to get in touch bitcoindadpod@protonmail.com or @bitcoindadpod on twitter Consider joining the matrix channel (https://matrix.to/#/#bitcoin:jupiterbroadcasting.com) using a matrix client like element (https://element.io/get-started) Corrections None today! Value for Value Podcasting 2.0 to support an indepenent podcasting ecosystem (https://podcastindex.org/) Recomended Podcasting2.0 apps: Fountain (https://www.fountain.fm/) podcast app (Android) Podverse (https://podverse.fm/) (Cross platform and self hostable) Castamatic (https://apps.apple.com/us/app/castamatic-podcast-player/id966632553) (Apple)+ Podcasting 2.0 to support an indepenent podcasting ecosystem (https://podcastindex.org/) Sponsors and Acknowledgements The Adopting Bitcoin Conference (https://adoptingbitcoin.org/2022/) Novem ber 15, 16 & 17, 2022 in El Salvador, use promo code BITCOINDAD for a 21% di scount Music by Lesfm from Pixabay Self Hosted Show (https://selfhosted.show/) courtesy of Jupiter Broadcasting (https://www.jupiterbroadcasting.com/)
Intro Edward Chancellor Devil Take the Hindmost (https://www.edwardchancellor.com/) Mercea Popeski's best quotes (https://twitter.com/pete_rizzo_/status/1409128764903206912) courtesy of Pete Rizzo And his "former lover's" blog (https://t.co/KIflJGCVYb) News Swan aquires the company (https://archive.ph/vKD8k) behind Specter wallet (https://archive.ph/M2MWL) Tornado Cash Developer Alexey Pertsev still being held 7 weeks without charge (https://www.theblock.co/post/174016/arrested-tornado-cash-developer-alexey-pertsev-appeal-rejected) and Dutch authorities are selling his car? When Taproot? (https://whentaproot.org/) tracks taproot integration in projects and provides education to developers, bitcoin upgrades can take time to become widespread (https://buybitcoinworldwide.com/stats/segwit-adoption/) Economics A modern look at the Trinity Study (https://web.archive.org/web/20110806210437/http://www.aaii.com/journal/article/retirement-savings-choosing-a-withdrawal-rate-that-is-sustainable?utm_source=sitesearch&utm_medium=click) and what it says about human's search for monetary stability (https://web.archive.org/web/20110708072619/http://wpfau.blogspot.com/2010/10/trinity-study-retirement-withdrawal.html) The Trinity Study tried to debunk a 10% withdrawl rate, not support a 4% rate The Blues and the Greens (https://www.lesswrong.com/posts/6hfGNLf4Hg5DXqJCF/a-fable-of-science-and-politics), one of Paul's favorite allegories Some detail and texture of the early 20th century gold standard (https://m.youtube.com/watch?v=_Gqn4WWvvNM) The Apple Card is worse than subprime (https://www.cnbc.com/2022/09/12/goldmans-gs-apple-card-business-has-a-surprising-subprime-problem.html), turns out making phones doesn't make you a good CC issuer? A primer on bond investing (https://www.lynalden.com/bond-investing/) from Lyn Alden as a way to think about the Privacy ErgoBTC contributes to privacy guru Michael Bazzell's pro-privacy magazine (https://www.nobsbitcoin.com/unredacted-4/) Speaking of Michael Bazzell, his guide on a DIY credit freeze (https://inteltechniques.com/freeze.html) is a must do for all people in the USA Software Updates Fountain podcast app now supports a queue (https://archive.ph/KbiNt) and carplay - Chris seemed to think that was important Bitcoin Education Lopp on encrypted cloud backups (https://blog.lopp.net/how-to-securely-back-up-data-to-cloud-storage/) ZeroSync - an instant blockchain syncronization proof (https://github.com/lucidLuckylee/zerosync/tree/main/docs) might allow nodes to instantly sync to the bitcoin mainchain Uses bitcoin's assumeValid (https://bitcoincore.org/en/2017/03/08/release-0.14.0/#assumed-valid-blocks) flag and implements utreexo (https://dci.mit.edu/utreexo) In Bitcoin Optech #219 (https://bitcoinops.org/en/newsletters/2022/09/28/) Anthony Towns describes a bitcoin fork for testing soft fork proposals on Signet, useful for Drivechains? Paul discusses alternative drivechain activation methods (https://bitcoinops.org/en/newsletters/2022/09/21/) Feedback Remember to get in touch bitcoindadpod@protonmail.com or @bitcoindadpod on twitter Consider joining the matrix channel (https://matrix.to/#/#bitcoin:jupiterbroadcasting.com) using a matrix client like element (https://element.io/get-started) Boosts Lopp's bitcoin resources (https://www.lopp.net/bitcoin-information.html) for learning about all aspects of bitcoin Paul's drive chain (https://www.drivechain.info/) resources Run a drive chain here (https://www.drivechain.info/releases/index.html) Corrections None today! Value for Value Podcasting 2.0 to support an indepenent podcasting ecosystem (https://podcastindex.org/) Recomended Podcasting2.0 apps: Fountain (https://www.fountain.fm/) podcast app (Android) Podverse (https://podverse.fm/) (Cross platform and self hostable) Castamatic (https://apps.apple.com/us/app/castamatic-podcast-player/id966632553) (Apple)+ Podcasting 2.0 to support an indepenent podcasting ecosystem (https://podcastindex.org/) Sponsors and Acknowledgements The Adopting Bitcoin Conference (https://adoptingbitcoin.org/2022/) Novem ber 15, 16 & 17, 2022 in El Salvador, use promo code BITCOINDAD for a 21% di scount Music by Lesfm from Pixabay Self Hosted Show (https://selfhosted.show/) courtesy of Jupiter Broadcasting (https://www.jupiterbroadcasting.com/)
News Signet Fediment instance is live (https://faucet.sirion.io/) Signet (https://en.bitcoin.it/wiki/BIP_0325) is a test network for bitcoin that is more centralized than testnet (https://en.bitcoin.it/wiki/Testnet), making it more reliable Economics Even Japan is experiencing inflation (https://wolfstreet.com/2022/09/20/even-in-japan-inflation-begins-to-rage-after-23-years-of-true-price-stability/) and the yen has lost ~40% of it's value this year But inflation in Japan is only 3% and their currency is down 40%, maybe something else is going on (https://www.realclearmarkets.com/articles/2022/09/02/its_not_just_the_japanese_who_cant_afford_to_wait_for_the_inevitable_truth_851440.html) Tokenomics Even professional altcoin market makers are getting hacked (https://web3isgoinggreat.com/single/wintermute-hacked-for-160-million) But it was a vanity address problem, which has also popped up on bitcoin (https://bitcoin.stackexchange.com/questions/3139/how-can-i-generate-a-vanity-bitcoin-address) Celsius and Voyager bankruptcy procedings (https://amycastor.com/2022/09/11/crypto-collapse-celsius-voyager-skybridge-the-liabilities-are-real-the-assets-are-fake/) are weird, FTX shows up everywhere [Crypto exchange FTX]](https://www.cnbc.com/2022/01/31/crypto-exchange-ftx-valued-at-32-billion-amid-bitcoin-price-plunge.html) achieves high private valuation in a crypto bear market Cryptocurrency exchange FTX saw its valuation swell to $32 billion in a new funding round announced Monday, highlighting continued appetite for the sector even as investors grow wary about a sharp pullback in crypto prices. The Bahamas-based company said Monday that it raised $400 million in a Series C financing round — its third fundraise in the last nine months. Bitcoin Education Jameson Lopp on the tricky logic of UTXO selection (https://blog.lopp.net/the-challenges-of-optimizing-unspent-output-selection/) K3tan's homelab (https://k3tan.com/my-home-lab) might be a good topic for discussing serious self hosting setups Check out his self-hosted bitcoin node guide (https://www.youtube.com/watch?v=9Kb7TobTNPI&list=PLCRbH-IWlcW2A_kpx2XwAMgT0rcZEZ2Cg) and this companion piece (https://citadels.org/a-companion-to-ketans-nodebox-guide-upgrade-your-bitcoin-node/) Bitcoin Optech goes drivechain-ey (https://bitcoinops.org/en/newsletters/2022/09/21/) The surprisingly simple math (https://petertodd.org/2022/surprisingly-tail-emission-is-not-inflationary) underlying the argument for monetary tail emission Feedback Remember to get in touch bitcoindadpod@protonmail.com or @bitcoindadpod on twitter Consider joining the matrix channel (https://matrix.to/#/#bitcoin:jupiterbroadcasting.com) using a matrix client like element (https://element.io/get-started) Corrections None today! Value for Value Podcasting 2.0 to support an indepenent podcasting ecosystem (https://podcastindex.org/) Recomended Podcasting2.0 apps: Fountain (https://www.fountain.fm/) podcast app (Android) Podverse (https://podverse.fm/) (Cross platform and self hostable) Castamatic (https://apps.apple.com/us/app/castamatic-podcast-player/id966632553) (Apple)+ Podcasting 2.0 to support an indepenent podcasting ecosystem (https://podcastindex.org/) Sponsors and Acknowledgements The Adopting Bitcoin Conference (https://adoptingbitcoin.org/2022/) Novem ber 15, 16 & 17, 2022 in El Salvador, use promo code BITCOINDAD for a 21% di scount Music by Lesfm from Pixabay Self Hosted Show (https://selfhosted.show/) courtesy of Jupiter Broadcasting (https://www.jupiterbroadcasting.com/)
News Economics Risk, insurance, and law enforcement. Social pressure didn't change police behavior, liability insurance (https://archive.ph/5fCfe) did The FRB of Atlanta determines that Quantitative Easing (https://www.atlantafed.org/research/publications/policy-hub/2022/07/14/11--how-many-rate-hikes-does-quantitative-tightening-equal) does almost nothing Tokenomics The World Economic Forum seems bullish on the etherium POS transition (https://archive.ph/gUeKN) from an ESG perspective So is Greenpeace (https://twitter.com/greenpeaceusa/status/1570408606180450311), who took money from Ripple co-founder Chris Larsen to attack bitcoin's energy usage (https://cointelegraph.com/news/greenpeace-ripple-co-founder-campaigning-to-change-bitcoin-code) Dive into Etherium game theory and incentives with checkonchain's youtube video (https://twitter.com/_Checkmatey_/status/1559224432387919873) or read a bitcoiner's guide to POS (https://scottmsul.substack.com/p/a-bitcoiners-guide-to-proof-of-stake) The ETH community response is telling (https://twitter.com/_Checkmatey_/status/1559224432387919873), missrepresting the criticism Energy Nic Carter's promised annotations (https://medium.com/@nic__carter/comments-on-the-white-house-report-on-the-climate-implications-of-crypto-mining-8d65d30ec942) of the Whitehouse crypto report Bitcoin Education bitcoin metrics (http://checkonchain.com/) website Taro (https://archive.ph/5HXEe) vs drivechains (https://www.drivechain.info/), which altcoin on bitcoin project will win? Feedback Remember to get in touch bitcoindadpod@protonmail.com or @bitcoindadpod on twitter Consider joining the matrix channel (https://matrix.to/#/#bitcoin:jupiterbroadcasting.com) using a matrix client like element (https://element.io/get-started) Corrections None today! Value for Value Podcasting 2.0 to support an indepenent podcasting ecosystem (https://podcastindex.org/) Recomended Podcasting2.0 apps: Fountain (https://www.fountain.fm/) podcast app (Android) Podverse (https://podverse.fm/) (Cross platform and self hostable) Castamatic (https://apps.apple.com/us/app/castamatic-podcast-player/id966632553) (Apple)+ Podcasting 2.0 to support an indepenent podcasting ecosystem (https://podcastindex.org/) Sponsors and Acknowledgements The Adopting Bitcoin Conference (https://adoptingbitcoin.org/2022/) Novem ber 15, 16 & 17, 2022 in El Salvador, use promo code BITCOINDAD for a 21% discount Music by Lesfm from Pixabay Self Hosted Show (https://selfhosted.show/) courtesy of Jupiter Broadcasting (https://www.jupiterbroadcasting.com/)
News Poolin BTC mining pool suspends withdrawls (https://www.coindesk.com/business/2022/09/05/poolin-one-of-the-largest-bitcoin-mining-pools-suspends-withdrawals-from-wallet-service/), likely insolvent Bitcoiner does p2p trading, turns into a business, turns into a charge for operating an unlicensed money transmission business (https://doctorbitco.in/linktree/) The case was factually misrepresented (https://docs.google.com/document/d/1hbTCa2dbDwuU6T2sEXCgZ5kHh2l49ITw3jAvtS4tU4s/edit) Economics Lyn Alden's August Newsletter (https://www.lynalden.com/august-2022-newsletter/) analyzes clyces: investment, commodities, energy, and wealth itself Arthur's latest blogpost For the War (https://blog.bitmex.com/for-the-war/) echoes the capital control, commodity cycle fears of Lyn and Russell Napier Tokenomics Energy A totally not crazy economics professor reiterates that rapid decarbonization (https://archive.ph/HmyPu) is a fantasy Nordstream 1 has been shut down (https://markets.businessinsider.com/news/commodities/russia-not-resume-nord-stream-gas-flow-until-sanctions-lifted-2022-9) and the Kremlin will only start if if sanctions are lifted Gazprom getting paid in yuan (https://twitter.com/AFP/status/1567116006639767555) for gas Privacy Janine's This month in bitcoin privacy (https://enegnei.github.io/This-Month-In-Bitcoin-Privacy/August_2022/#overflow) is back, and juicy, since its three months of news Bitcoin Education Umbrel scripts (https://community.getumbrel.com/t/stuck-on-new-update/2354/10) Feedback Remember to get in touch bitcoindadpod@protonmail.com or @bitcoindadpod on twitter Consider joining the matrix channel (https://matrix.to/#/#bitcoin:jupiterbroadcasting.com) using a matrix client like element (https://element.io/get-started) Corrections We were wrong, mostly, read up on how Muun Lightning Wallet is considered self-custodial? (https://www.reddit.com/r/Bitcoin/comments/rbbtxp/how_is_muun_lightning_wallet_considered/) Value for Value Podcasting 2.0 to support an indepenent podcasting ecosystem (https://podcastindex.org/) Recomended Podcasting2.0 apps: Fountain (https://www.fountain.fm/) podcast app (Android) Podverse (https://podverse.fm/) (Cross platform and self hostable) Castamatic (https://apps.apple.com/us/app/castamatic-podcast-player/id966632553) (Apple)+ Podcasting 2.0 to support an indepenent podcasting ecosystem (https://podcastindex.org/) Sponsors and Acknowledgements The Adopting Bitcoin Conference (https://adoptingbitcoin.org/2022/) Novem ber 15, 16 & 17, 2022 in El Salvador, use promo code BITCOINDAD for a 21% di scount Music by Lesfm from Pixabay Self Hosted Show (https://selfhosted.show/) courtesy of Jupiter Broadcasting (https://www.jupiterbroadcasting.com/)
News Iran formalizing crypto import rules (https://archive.ph/xVNUI) while addressing concerns around crypto mining energy use Economics Zoltan Pozsar's 'War and Industrial Policy' (https://www.nobsbitcoin.com/content/files/2022/08/Zoltan-Pozsar---War-and-Industrial-Policy.pdf) suggests that the future is Chirussia versus Eumerica Kansas City Federal Reserve connects inflation and fiscal spending (https://www.kansascityfed.org/Jackson%20Hole/documents/9037/JH_Paper_Bianchi.pdf) Tokenomics Coinmetrics has a report on the etherium POS transition (https://coinmetrics.io/special-insights/ethereum-merge/) Bitcoin Education Jameson Lopp has run the numbers on bitcoin core code changes (https://blog.lopp.net/bitcoin-core-contributor-challenges/) and its the highest standards software project ever, we think Lyn Alden's lightning network deep dive (https://www.lynalden.com/lightning-network/) Feedback Remember to get in touch bitcoindadpod@protonmail.com or @bitcoindadpod on twitter Consider joining the matrix channel (https://matrix.to/#/#bitcoin:jupiterbroadcasting.com) using a matrix client like element (https://element.io/get-started) Boosts / Feedback Notes Coldcard multisignature bypass attack (https://shiftcrypto.ch/blog/remote-multisig-theft-attack-on-the-coldcard-hardware-wallet/) Checkout RoboSats (https://twitter.com/RoboSats/status6/1564892599881814016) for your peer to peer no-KYC bitcoin buy8ing Contact Gary Gensler (https://www.sec.gov/contact-information/sec-directory) if you need to ask about your unregistered ICO, courtesy of big-government Corrections None today! Value for Value Podcasting 2.0 to support an indepenent podcasting ecosystem (https://podcastindex.org/) Recomended Podcasting2.0 apps: Fountain (https://www.fountain.fm/) podcast app (Android) Podverse (https://podverse.fm/) (Cross platform and self hostable) Castamatic (https://apps.apple.com/us/app/castamatic-podcast-player/id966632553) (Apple)+ Podcasting 2.0 to support an indepenent podcasting ecosystem (https://podcastindex.org/) Sponsors and Acknowledgements The Adopting Bitcoin Conference (https://adoptingbitcoin.org/2022/) November 15, 16 & 17, 2022 in El Salvador, use promo code BITCOINDAD for a 21% di scount Music by Lesfm from Pixabay Self Hosted Show (https://selfhosted.show/) courtesy of Jupiter Broadcasting (https://www.jupiterbroadcasting.com/)
News Over $1m in BTC donated to hodlnaut's defense (https://twitter.com/Arthur_van_Pelt/status/1561909677016977411) against a nuisance libel suite from Craig Wright The DefendingBTC website (https://www.defendingbtc.com/) is coordinating the defense and following case Greg Maxwell, former bitcoin core maintainer, explains the threat to developers (https://old.reddit.com/r/Bitcoin/comments/ws8wfd/starting_september_12th_in_oslo_norway_hodlonaut/ikxqxoo/) that CW's lawsuits creates A shot accross the bow for 'crypto securities' (https://archive.ph/XSqK8) by SEC chief Gary Gensler Craig Steven Wrigth doesn't have a monopoly on frivalous crypto lawsuits (https://twitter.com/atozy/status/1562206338293309440) by lying crypto touts (https://www.coindesk.com/layer2/2022/08/24/bitboy-lost-his-lawsuit-the-instant-he-filed-it/) Economics The shortest recession in modern history (https://mises.org/library/forgotten-depression-1920) is mostly forgotten Arthur builds a new USD liquidity index (https://blog.bitmex.com/teach-me-daddy/) and bitcoin seems to be doing its job Jerome Powell speaks at Jackson Hole (https://youtu.be/zJ3sEeArWlw?t=102) Tokenomics The story of Barkley's bank issuing too many securities (https://archive.ph/Xz658#selection-4187.169-4187.170) shows the worst case outcome for ICOs Cobie goes through the rational of staking APEcoin (https://cobie.substack.com/p/apecoin-and-the-death-of-staking) with a straight face. What Is ‘the Merge’? - The New York Times (http://web.archive.org/web/20220826090531/https://www.nytimes.com/2022/08/26/technology/what-is-the-merge.html) Bitcoin Education Dive into bitcoin transactions (https://github.com/bitcoinbook/bitcoinbook/blob/develop/ch06.asciidoc) courtesy of Andreas Antanopolous's book Mastering Bitcoin (https://www.amazon.com/Mastering-Bitcoin-Programming-Open-Blockchain-dp-1491954388/dp/1491954388/ref=mt_other?_encoding=UTF8&me=&qid=) Vbytes is a slightly different subject (https://bitcoin.stackexchange.com/questions/92689/how-is-the-size-of-a-bitcoin-transaction-calculated) Feedback Remember to get in touch bitcoindadpod@protonmail.com or @bitcoindadpod on twitter Consider joining the matrix channel (https://matrix.to/#/#bitcoin:jupiterbroadcasting.com) using a matrix client like element (https://element.io/get-started) Corrections Bit boy actually is proceding with his spurious lawsuit Boosts Fiatjaf came up and he was just on the The Kevin Rooke Show (https://podverse.fm/episode/gvKtdkhhk) Some advice on wallets: Samourai Wallet (https://samouraiwallet.com/) Blockstream green (https://f-droid.org/en/packages/com.greenaddress.greenbits_android_wallet/) Value for Value Podcasting 2.0 to support an indepenent podcasting ecosystem (https://podcastindex.org/) Recomended Podcasting2.0 apps: Fountain (https://www.fountain.fm/) podcast app (Android) Podverse (https://podverse.fm/) (Cross platform and self hostable) Castamatic (https://apps.apple.com/us/app/castamatic-podcast-player/id966632553) (Apple)+ Podcasting 2.0 to support an indepenent podcasting ecosystem (https://podcastindex.org/) Sponsors and Acknowledgements The Adopting Bitcoin Conference (https://adoptingbitcoin.org/2022/) Novem ber 15, 16 & 17, 2022 in El Salvador, use promo code BITCOINDAD for a 21% di scount Music by Lesfm from Pixabay Self Hosted Show (https://selfhosted.show/) courtesy of Jupiter Broadcasting (https://www.jupiterbroadcasting.com/)
Shownotes Team Faketoshi (https://mylegacykit.medium.com/team-faketoshi-and-the-helpers-4a4e24e81f43), a history of Craig Wright's claims to be Satoshi, by Arthur Van Pelt CSW's faked Satoshi signing session (https://learn.block6.tech/the-craig-wright-may-2016-signing-sessions-debacle-in-full-context-338e2b316310), by Arthur Van Pelt Arthur Van Pelt (https://twitter.com/Arthur_van_Pelt) on Twitter Mark Hunter (https://twitter.com/Twentynothing00) on Twitter Dr Bitcoin Podcast (https://anchor.fm/dr-bitcoin) and on twitter (https://twitter.com/DrBitcoinPod) Feedback Remember to get in touch bitcoindadpod@protonmail.com or @bitcoindadpod on twitter Consider joining the matrix channel (https://matrix.to/#/#bitcoin:jupiterbroadcasting.com) using a matrix client like element (https://element.io/get-started) Value for Value Podcasting 2.0 to support an indepenent podcasting ecosystem (https://podcastindex.org/) Recomended Podcasting2.0 apps: Fountain (https://www.fountain.fm/) podcast app (Android) Podverse (https://podverse.fm/) (Cross platform and self hostable) Castamatic (https://apps.apple.com/us/app/castamatic-podcast-player/id966632553) (Apple)+ Podcasting 2.0 to support an indepenent podcasting ecosystem (https://podcastindex.org/) Sponsors and Acknowledgements Music by Lesfm from Pixabay Self Hosted Show (https://selfhosted.show/) courtesy of Jupiter Broadcasting (https://www.jupiterbroadcasting.com/)
News Even Politico has noticed that southern European countries will have a hard time staying in the Eurozone (https://www.politico.eu/article/mind-the-gap-southern-european-economies-have-diverged-spain-italy-portugal-greece/) Craig Wright loses suit against Hodlnaut (https://bitcoinmagazine.com/culture/timeline-of-hodlonaut-craig-wright-case), still costs $112,000 to Hodlnaut Economics The silent depression (https://blogs.cfainstitute.org/investor/2020/02/11/the-silent-depression-trundling-is-the-new-booming/) shows that personal experience of financial hardship m Tokenomics Long form pieces about Kyle Davies and Su Zu (https://nymag.com/intelligencer/article/three-arrows-capital-kyle-davies-su-zhu-crash.html) of 3ac Nova Labs, aka Helium, is still aquiring startups (https://www.theregister.com/2022/08/18/freedomfi_nova/) in a bid to remain relevant No premine, but insiders take 35% cut every month (https://coinmarketcap.com/alexandria/article/what-is-helium-hnt-features-tokenomics-and-price-prediction) Helium lies about business partnerships (https://decrypt.co/106420/helium-pledges-rigorous-process-after-salesforce-lime-deny-partnerships), a typical scam technique Brian Armstrong claims he would shut down Coinbase ETH staking (https://twitter.com/brian_armstrong/status/1560016827253551104) rather than comply with OFAC censorship Top 4 ETH staking pools make up nearly 58% of staking (https://bmpro.substack.com/p/the-ethereum-merge-risks-flaws-and) Bitcoin Education Mapping the nodes of the bitcoin peer to peer network (https://medium.com/@gloriazhao/map-of-the-bitcoin-network-c6f2619a76f3) by Gloria Zhao Feedback Remember to get in touch bitcoindadpod@protonmail.com or @bitcoindadpod on twitter Consider joining the matrix channel (https://matrix.to/#/#bitcoin:jupiterbroadcasting.com) using a matrix client like [element](https://element.io/get-started Corrections None today! Value for Value Podcasting 2.0 to support an indepenent podcasting ecosystem (https://podcastindex.org/) Recomended Podcasting2.0 apps: Fountain (https://www.fountain.fm/) podcast app (Android) Podverse (https://podverse.fm/) (Cross platform and self hostable) Castamatic (https://apps.apple.com/us/app/castamatic-podcast-player/id966632553) (Apple)+ Podcasting 2.0 to support an indepenent podcasting ecosystem (https://podcastindex.org/) Sponsors and Acknowledgements The Adopting Bitcoin Conference (https://adoptingbitcoin.org/2022/) November 15, 16 & 17, 2022 in El Salvador, use promo code BITCOINDAD for a 21% discount Music by Lesfm from Pixabay Self Hosted Show (https://selfhosted.show/) courtesy of Jupiter Broadcasting (https://www.jupiterbroadcasting.com/)
Guest: Jill Williamson aka Crypto Mom Get in touch with Jill via her website (https://gravislaw.com/attorney/jill-m-williamson/) or linkedin (https://www.linkedin.com/in/jill-williamson-6409a8/) The SEC vs Ripple Ripple Case Jake Chevinsky on SEC motion denial (https://twitter.com/jchervinsky/status/1547392864962977792) re this speach (https://www.sec.gov/news/speech/speech-hinman-061418) by SEC Director William Hinman The Court Opinion (https://www.dropbox.com/s/c3mfvibgxig0vrx/Decision%20Denying%20SEC%20AC%20Privilege%20Claims.pdf?dl=0) A non-family friendly podcast has the best rundown on the ripple story (https://podcasts.apple.com/us/podcast/004-the-ripple-effect/id1534368618?i=1000503876799) Treasury Sanctions Tornado Cash Protocol Jake again (https://twitter.com/jchervinsky/status/1556709327121129474) The Tornado Cash entity has been added to OFAC's SDN list (https://coincenter.substack.com/p/us-sanction-of-tornado-cash-curtails?utm_source=substack&utm_medium=email) Coin Center rebuttal (https://www.coincenter.org/analysis-what-is-and-what-is-not-a-sanctionable-entity-in-the-tornado-cash-case/) Feedback Remember to get in touch bitcoindadpod@protonmail.com or @bitcoindadpod on twitter Consider joining the matrix channel (https://matrix.to/#/#bitcoin:jupiterbroadcasting.com) using a matrix client like element (https://element.io/get-started) Value for Value Podcasting 2.0 to support an indepenent podcasting ecosystem (https://podcastindex.org/) Recomended Podcasting2.0 apps: Fountain (https://www.fountain.fm/) podcast app (Android) Podverse (https://podverse.fm/) (Cross platform and self hostable) Castamatic (https://apps.apple.com/us/app/castamatic-podcast-player/id966632553) (Apple)+ Podcasting 2.0 to support an indepenent podcasting ecosystem (https://podcastindex.org/) Sponsors and Acknowledgements Music by Lesfm from Pixabay Self Hosted Show (https://selfhosted.show/) courtesy of Jupiter Broadcasting (https://www.jupiterbroadcasting.com/)
News Iran is now trading using cryptocurrency (https://www.reuters.com/business/finance/iran-makes-first-import-order-using-cryptocurrency-tasnim-2022-08-09/) it's not known which one, but likely bitcoin UN warns about cryptoization risks (https://unctad.org/news/unctad-spells-out-actions-curb-cryptocurrencies-developing-countries) for developing countries Privacy SEC and CTFC proposes more self reporting for crypto hedge funds (https://archive.ph/BvxlW) OFAC sanctions Tornado Cash (https://archive.ph/jVGAd) protocol on Etherium Massive withdrawls (https://nitter.net/TheBlockRes/status/1558093591662280707) from TC despite/because of sanctions Tornado Cash Developer arrested in Amsterdam (https://archive.ph/u2Sv5) Possibly due to involvement with TC DAO Targeting developers happened faster than we thought MakerDAO Founder Calls on DAI to Drop Dollar Peg Amid Tornado Cash Fallout (https://decrypt.co/107273/makerdao-founder-dai-drop-dollar-peg-tornado-cash-usdc) Economics An explainer of Private Equity (https://www.propublica.org/article/what-is-private-equity) and inadvertently how it is a feature of peak fiat Thoughts on BlackRock? BlackRock Launches Spot Bitcoin Private Trust (https://bitcoinmagazine.com/markets/blackrock-launches-spot-bitcoin-private-trust) One wonders how this squares with all the ESG noise they have made? BlackRock CEO Stands Firm on ESG Investing (https://www.barrons.com/articles/blackrock-ceo-fink-esg-investing-51649868290) BlackRock often credited as the "mother of ESG" How BlackRock Made ESG the Hottest Ticket on Wall Street - Bloomberg (https://www.bloomberg.com/news/articles/2021-12-31/how-blackrock-s-invisible-hand-helped-make-esg-a-hot-ticket) Tokenomics Insiders Always Dump (https://thebitcoinlayer.substack.com/p/insiders-always-dump) by Nik Bhatia Bitcoin Education Bitcoin Optech #212 (https://bitcoinops.org/en/newsletters/2022/08/10/) considers raising the dust limit (https://lists.linuxfoundation.org/pipermail/bitcoin-dev/2022-July/020784.html) Chris happy to see: ● Core Lightning #5071 adds a bookkeeper plugin that provides an accounting record of movements of bitcoins by the node running the plugin, including the ability to track the amount spent on fees. The merged PR includes several new RPC commands. Feedback Remember to get in touch bitcoindadpod@protonmail.com or @bitcoindadpod on twitter Consider joining the matrix channel (https://matrix.to/#/#bitcoin:jupiterbroadcasting.com) using a matrix client like element (https://element.io/get-started) Corrections None today! Value for Value Podcasting 2.0 to support an indepenent podcasting ecosystem (https://podcastindex.org/) Recomended Podcasting2.0 apps: Fountain (https://www.fountain.fm/) podcast app (Android) Podverse (https://podverse.fm/) (Cross platform and self hostable) Castamatic (https://apps.apple.com/us/app/castamatic-podcast-player/id966632553) (Apple)+ Podcasting 2.0 to support an indepenent podcasting ecosystem (https://podcastindex.org/) Sponsors and Acknowledgements The Adopting Bitcoin Conference (https://adoptingbitcoin.org/2022/) Novem ber 15, 16 & 17, 2022 in El Salvador, use promo code BITCOINDAD for a 21% di scount Music by Lesfm from Pixabay Self Hosted Show (https://selfhosted.show/) courtesy of Jupiter Broadcasting (https://www.jupiterbroadcasting.com/)
News Israel bans more cash transactions (https://www.jpost.com/business-and-innovation/banking-and-finance/article-713354) Consistent with financial surveillance trends Israel did YYC in the 1980s Australian police to expand asset seizures to cryptocurrency (https://www.theage.com.au/politics/victoria/police-to-get-sweeping-new-asset-seizure-powers-20220802-p5b6g5.html) Economics ECB paper ponders the holy grail (https://www.ecb.europa.eu/pub/pdf/scpwps/ecb.wp2693~8d4e580438.en.pdf?972bbc119868c193467dc86f4a7cf706) of cross-border settlement Concludes bitcoin is not credible due to volatility and POW Somehow forgets issues inherent in fiat system SwissRE concludes that the last 14 years of financial policy have been a tax (https://www.swissre.com/institute/research/topics-and-risk-dialogues/economy-and-insurance-outlook/expertise-publication-financial-repression-here-to-stay.html) on ordinary people 3.5% for housholds which means you lose 67% over 14 years 1.5% for institutional bondholders which means you lose 23% over 14 years Tokenomics Major Solana projects were the work of two brothers (https://www.coindesk.com/layer2/2022/08/04/master-of-anons-how-a-crypto-developer-faked-a-defi-ecosystem/) pretending to be 11+ developers Energy Recession or not, the US is hitting the limit of available fossil fuel energy (https://www.reuters.com/article/usa-diesel-kemp/column-u-s-diesel-shortage-shows-economy-hitting-capacity-limit-kemp-idUSL1N2ZG19Z) This is a PSA that we need grown up energy policy worldwide An idea how gold fits into modern portfolio construction (https://portfoliocharts.com/portfolio/golden-butterfly/), it's scarcity fundamentally comes from energy Bitcoin Education Stablesats makes USD to bitcoin (https://bitcoinmagazine.com/technical/galoy-brings-us-dollars-to-bitcoin) accounts Have we ever actually explained bitcoin? (https://bitcoin.org/en/how-it-works) Checkout Jameson Lopp's research on metal seed backups (https://jlopp.github.io/metal-bitcoin-storage-reviews/) Feedback Remember to get in touch bitcoindadpod@protonmail.com or @bitcoindadpod on twitter Consider joining the matrix channel (https://matrix.to/#/#bitcoin:jupiterbroadcasting.com) using a matrix client like element (https://element.io/get-started) Corrections None today! Value for Value Podcasting 2.0 to support an indepenent podcasting ecosystem (https://podcastindex.org/) Recomended Podcasting2.0 apps: Fountain (https://www.fountain.fm/) podcast app (Android) Podverse (https://podverse.fm/) (Cross platform and self hostable) Castamatic (https://apps.apple.com/us/app/castamatic-podcast-player/id966632553) (Apple)+ Podcasting 2.0 to support an indepenent podcasting ecosystem (https://podcastindex.org/) Sponsors and Acknowledgements The Adopting Bitcoin Conference (https://adoptingbitcoin.org/2022/) November 15, 16 & 17, 2022 in El Salvador, use promo code BITCOINDAD for a 21% discount Music by Lesfm from Pixabay Self Hosted Show (https://selfhosted.show/) courtesy of Jupiter Broadcasting (https://www.jupiterbroadcasting.com/)
News Italy's government descends into chaos (https://www.theguardian.com/world/commentisfree/2022/jul/24/italy-mario-draghi-europe-eu-far-right) with the failure of a confidence vote for Mario Drahgi Economics Excalibur (https://blog.bitmex.com/excalibur/) is Arthur's follow up to A Samurai, A Knight, And A Yankee (https://blog.bitmex.com/samurai-knight-yankee/) El Salvador announces a debt buyback scheme (https://www.reuters.com/world/americas/el-salvador-says-it-has-560-mln-partial-debt-buyback-2022-07-27/) Seems designed to reduce fears of defaul El Salvador's bitcoin buys in 2021 were less than 0.5% of the national budget (https://www.cnbc.com/2022/06/25/el-salvador-bitcoin-experiment-not-saving-countrys-finances.html) Tokenomics The SpiceDAO saga ends with a surprise privatization (https://twitter.com/KathrynTewson/status/1552117295605956608) and they might literally also be child predators (https://twitter.com/JuneSunnydale/status/1552124869260738560) Bitcoin Education Offline seed generation for lazies (https://bitcoindadpod.com/posts/offline-seedgen-for-lazies/) Learn more about seeds and key generation from lunaticoin (https://estudiobitcoin.com/do-you-trust-your-seed-dont-generate-it-yourself/) Feedback Remember to get in touch bitcoindadpod@protonmail.com or @bitcoindadpod on twitter Consider joining the matrix channel (https://matrix.to/#/#bitcoin:jupiterbroadcasting.com) using a matrix client like element (https://element.io/get-started) Corrections None today! Value for Value Podcasting 2.0 to support an indepenent podcasting ecosystem (https://podcastindex.org/) Recomended Podcasting2.0 apps: Fountain (https://www.fountain.fm/) podcast app (Android) Podverse (https://podverse.fm/) (Cross platform and self hostable) Castamatic (https://apps.apple.com/us/app/castamatic-podcast-player/id966632553) (Apple)+ Podcasting 2.0 to support an indepenent podcasting ecosystem (https://podcastindex.org/) Sponsors and Acknowledgements Self Hosted Show (https://selfhosted.show/) courtesy of Jupiter Broadcasting (https://www.jupiterbroadcasting.com/) The Adopting Bitcoin Conference (https://adoptingbitcoin.org/2022/) November 15, 16 & 17, 2022 in El Salvador, use promo code BITCOINDAD for a 21% discount Music by Lesfm from Pixabay
Guest Kemal Learn more about Galoy (https://galoy.io/) and their Bitcoin Banking stack (https://github.com/GaloyMoney) The Raspibolt guide (https://raspibolt.org/) that Kemal used to understand lightning and bitcoin's value proposition The Raspibolt is a 'one click option' (https://github.com/rootzoll/raspiblitz) that achieves similar funcitonality The Galoy 'Liquidity Paper' (https://galoy.io/research-self-balancing-fee-structures-for-inbound-liquidity/) The Arthur Hayes piece on Bitmex synthetic dollars (https://blog.bitmex.com/in-depth-creating-synthetic-usd/) Say hi to Kemal on twitter @_pretyflaco (https://twitter.com/_pretyflaco) Feedback Remember to get in touch bitcoindadpod@protonmail.com or @bitcoindadpod on twitter Consider joining the matrix channel (https://matrix.to/#/#bitcoin:jupiterbroadcasting.com) using a matrix client like element (https://element.io/get-started) Value for Value Podcasting 2.0 to support an indepenent podcasting ecosystem (https://podcastindex.org/) Recomended Podcasting2.0 apps: Fountain (https://www.fountain.fm/) podcast app (Android) Podverse (https://podverse.fm/) (Cross platform and self hostable) Castamatic (https://apps.apple.com/us/app/castamatic-podcast-player/id966632553) (Apple)+ Podcasting 2.0 to support an indepenent podcasting ecosystem (https://podcastindex.org/) Sponsors and Acknowledgements The Adopting Bitcoin Conference (https://adoptingbitcoin.org/2022/) November 15, 16 & 17, 2022 in El Salvador, use promo code BITCOINDAD for a 21% discount Music by Lesfm from Pixabay Self Hosted Show (https://selfhosted.show/) courtesy of Jupiter Broadcasting (https://www.jupiterbroadcasting.com/)
Intro Wild speculation that @elonmusk killed #terraluna with their #Bitcoin sale at 30k, killed all the degens, What a legend 🤣 (https://twitter.com/julianhosp/status/1549907211975294977) Crypto skeptic David Gerard has a current list of exchanges with red flags (https://davidgerard.co.uk/blockchain/2022/07/07/crypto-collapse-exchange-troubles-binances-friends-with-machine-guns/) News Chinese citizens are emigrating but concerned about taking their wealth (https://www.bloomberg.com/news/articles/2022-07-19/xi-s-strict-covid-zero-policy-in-china-pushes-wealthy-to-leave-country?sref=CV3b9v13) with them while a collapsing real estate bubble (https://www.theguardian.com/world/2022/jul/19/mortgage-strikes-threaten-chinas-economic-and-political-stability) that might take down the financial sector is slowing economic growth Economics Russia using dollars as unit of account but UAE dirhams as payment (https://www.reuters.com/business/energy/exclusive-russia-seeking-oil-payments-india-dirhams-sources-document-2022-07-18/) The real story might be China's compounding economic decline (https://static1.squarespace.com/static/62b9e19d9649156910ed385a/t/62d22f68dd30f9676a685198/1657941865563/EDU+Weekly+Dive+Money+Macro+Pro+2022-07-15+china+gdp+ip+rs+fai+unemployment.pdf) masked by the Zero-Covid policy ECB hikes rates to 0%, first raise in 10 years, but clearly not enough to tame inflation (https://www.reuters.com/markets/europe/ecb-finally-join-rate-hike-club-with-big-move-agenda-2022-07-20/) While simultaneously printing money with the Transmission Protection Instrument (TPI) plan, intended to cap the rise in borrowing costs across the currency bloc as policy tightens. Tokenomics Scaramuchi's Skybridge Capital gates fund (https://web3isgoinggreat.com/?id=anthony-scaramuccis-skybridge-capital-suspends-redemptions-from-crypto-exposed-fund) Amy Castor on the Solend Whale story (https://amycastor.com/2022/06/20/the-tale-of-a-whale-who-took-solends-money/), she's a hater but gets this story right Chainlink God's L1 Rotation Thesis (https://chainlinkgod.medium.com/the-layer-1-chain-rotation-thesis-a-retrospective-analysis-3cbd2dcdc1f8) is a good retrospective on the 2021 mania written by a degenerate altcoiner Energy Debunking Digiconomist Bitcoin Energy FUD (https://www.youtube.com/watch?v=lDhCvNFUDvo) by Ben Gagnon Chief Mining Officer of Bitfarms Privacy Chainalysis' article on mixers (https://blog.chainalysis.com/reports/cryptocurrency-mixers/), cited in last week's Ars article, conflates coinjoin with mixing and is a load of nonsense Brother Rabbit, anon of the Samourai Dev Team, describes coinjoin privacy (https://bitcoinmagazine.com/technical/how-bitcoin-anonymity-sets-work) Bitcoin Education Bitcoin Optech #208 (https://bitcoinops.org/en/newsletters/2022/07/20/) focuses on discussions of the inflationary (or not) effects of tail emissions (https://lists.linuxfoundation.org/pipermail/bitcoin-dev/2022-July/020665.html) and dealing with fee sniping (https://lists.linuxfoundation.org/pipermail/bitcoin-dev/2022-July/020702.html) Feedback Remember to get in touch bitcoindadpod@protonmail.com or @bitcoindadpod on twitter Consider joining the matrix channel (https://matrix.to/#/#bitcoin:jupiterbroadcasting.com) using a matrix client like element (https://element.io/get-started) Corrections Jamal Kashogi, the murdered Saudi journalist, wrote for the Washington Post, not the New York Times The S in 'PIGS' stands for Spain Value for Value Podcasting 2.0 to support an indepenent podcasting ecosystem (https://podcastindex.org/) Recomended Podcasting2.0 apps: Fountain (https://www.fountain.fm/) podcast app (Android) Podverse (https://podverse.fm/) (Cross platform and self hostable) Castamatic (https://apps.apple.com/us/app/castamatic-podcast-player/id966632553) (Apple)+ Podcasting 2.0 to support an indepenent podcasting ecosystem (https://podcastindex.org/) Sponsors and Acknowledgements The Adopting Bitcoin Conference (https://adoptingbitcoin.org/2022/) November 15, 16 & 17, 2022 in El Salvador, use promo code BITCOINDAD for a 21% discount Music by Lesfm from Pixabay Self Hosted Show (https://selfhosted.show/) courtesy of Jupiter Broadcasting (https://www.jupiterbroadcasting.com/)
News French wholesale CBDC iminnent (https://www.coindesk.com/policy/2022/07/12/france-starts-second-stage-of-wholesale-cbdc-experiments-central-bank-governor-says/) Bank of Int'l Settlement's Project Jura (https://www.bis.org/publ/othp44.pdf) shows development of multinational CBDC settlement systems Conversations about the language of bitcoin (https://dergigi.com/2022/06/27/the-words-we-use-in-bitcoin/) in the context of European regulation (https://en.cryptonomist.ch/2021/07/21/eu-clampdown-on-bitcoin-wallets-with-new-aml-and-cft-rules/) Ars Technica doesn't understand why financial privacy is important (https://arstechnica.com/information-technology/2022/07/usage-of-crypto-mixers-for-stymying-blockchain-investigations-hits-all-time-high/) Increased KYC/AML, 10k Euro cash limits, unhosted wallet reguations (https://www.finextra.com/blogposting/22579/eu-crypto-regulation-global-cooperation-or-competition) What bitcoin is actually doing (https://bitcoinmagazine.com/culture/the-eu-attacks-bitcoin-due-to-a-comprehension-problem) is signing messages Should U.S. Government Employees who work on crypto policy be allowed to own crypto (https://www.theblock.co/post/156422/us-federal-employees-with-digital-assets-shouldnt-work-on-crypto-policy-ethics-office-warns)? Economics Exploding (https://www.bloomberg.com/news/articles/2022-05-30/yuan-ruble-trading-explodes-as-america-s-rivals-rebuff-dollar) Ruble-Yuan direct exchange volumes are another nail in the coffin of the Petrodollar The Federal Reserve, the US Central Bank, is researching the effects of the bitcoin lightning network (https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4142590) on blockspace demand and liquidity Tokenomics Celcius finally files for bankruptcy (https://web3isgoinggreat.com/?id=celsius-files-for-bankruptcy), and it's a chapter 11 (https://www.theblock.co/post/157491/crypto-lender-celsius-declares-chapter-11-bankruptcy-in-new-york) meaning all depositors are getting wiped out Voyager, a bankrupt cypto lender, lent 3ac, a bankrupt degen crypto hedgefund, ~$700M and they bought a dickbutt NFT (https://twitter.com/softsimon_/status/1547341962214260736) with some of the money Also 3ac has abandoned their offices (https://decrypt.co/104871/three-arrows-capitals-headquarters-is-abandoned-and-its-founders-are-missing), looks like they're pulling a runner! Loans were used to buy stupid NFTs (https://www.reddit.com/r/CryptoCurrency/comments/vy84rw/3ac_borrowed_millions_from_voyagerblockfi_user/) Energy Lyn Alden, a Financial Analyst, outlines a case for structurally higher energy prices (https://www.lynalden.com/the-area-under-the-curve/) for the 2020s Expensive Gasoline Keeps More Summer Drivers Off Road Than at Height of Pandemic (https://news.yahoo.com/expensive-gasoline-keeps-more-summer-181703273.html) Latest EU report on bitcoin compares bitcoin to ICE cars (https://www.ecb.europa.eu/pub/financial-stability/macroprudential-bulletin/html/ecb.mpbu202207_3~d9614ea8e6.en.html), it's pretty bad research Bitcoin Education The OP_RETURN war (https://blog.bitmex.com/dapps-or-only-bitcoin-transactions-the-2014-debate/) of 2014 pushed DAP development off bitcoin No concept of a neutral bitcoin network Idea of 'miss-using' transactions Bitcoin Optech #208 (https://bitcoinops.org/en/newsletters/2022/07/13/) is either really interesting or we're nerds Tunnel your home node through a VPS (https://blog.bitcoinlizard.net/2022/04/02/vps-passthrough-hosting/#more-122) courtesy of bitcoinlizard Feedback Remember to get in touch bitcoindadpod@protonmail.com or @bitcoindadpod on twitter Consider joining the matrix channel (https://matrix.to/#/#bitcoin:jupiterbroadcasting.com) using a matrix client like element (https://element.io/get-started) Value for Value Podcasting 2.0 to support an indepenent podcasting ecosystem (https://podcastindex.org/) Recomended Podcasting2.0 apps: Fountain (https://www.fountain.fm/) podcast app (Android) Podverse (https://podverse.fm/) (Cross platform and self hostable) Castamatic (https://apps.apple.com/us/app/castamatic-podcast-player/id966632553) (Apple)+ Podcasting 2.0 to support an indepenent podcasting ecosystem (https://podcastindex.org/) Sponsors and Acknowledgements Music by Lesfm from Pixabay Self Hosted Show (https://selfhosted.show/) courtesy of Jupiter Broadcasting (https://www.jupiterbroadcasting.com/)
Jameson Lopp Bitcoin as a trust anchor (https://blog.lopp.net/bitcoin-the-trust-anchor-in-a-sea-of-blockchains/) Jameson's views on IPOs, ICOs, and STOs (https://blog.lopp.net/shitcoins-stos/) Jameson's bitcoin educational resources (https://www.lopp.net/bitcoin-information.html) Feedback Remember to get in touch bitcoindadpod@protonmail.com or @bitcoindadpod on twitter Consider joining the matrix channel (https://matrix.to/#/#bitcoin:jupiterbroadcasting.com) using a matrix client like element (https://element.io/get-started) Value for Value Podcasting 2.0 to support an indepenent podcasting ecosystem (https://podcastindex.org/) Recomended Podcasting2.0 apps: Fountain (https://www.fountain.fm/) podcast app (Android) Podverse (https://podverse.fm/) (Cross platform and self hostable) Castamatic (https://apps.apple.com/us/app/castamatic-podcast-player/id966632553) (Apple)+ Podcasting 2.0 to support an indepenent podcasting ecosystem (https://podcastindex.org/) Sponsors and Acknowledgements Music by Lesfm from Pixabay Self Hosted Show (https://selfhosted.show/) courtesy of Jupiter Broadcasting (https://www.jupiterbroadcasting.com/)
News Debunking the bitcoin stock-to-flow (S2F) model (https://bitcoinmagazine.com/markets/why-bitcoin-stock-to-flow-is-not-useful) Embarassed to say that I didn't question it more Confirmation bias/group think is real Let's wade into Nic Carter's critique of bitcoin maximalism (https://medium.com/@nic__carter/setting-the-record-straight-b4e1b415e7d9) and Pete Rizzo's rebuttal (https://www.forbes.com/sites/peterizzo/2022/07/04/bitcoin-maximalism-is-dead-long-live-bitcoin-maximalism/) Revisiting Rizzo's early piece on bitcoin maximalism (https://www.forbes.com/sites/peterizzo/2022/03/28/bitcoin-after-2140-differing-views-on-the-future-of-the-future-of-money/) provides context Nic has serious bitcoin chops as evidenced by his website (https://niccarter.info/) Economics Arthur's breadown of the crypto lending crash (https://blog.bitmex.com/number-three/) Doesn't dwell on the alleged fraud at 3ac Economic research paper linking ETFs to lower wages (https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4113449) Tokenomics CAR is creating their own altcoin (https://www.theblock.co/post/155665/central-african-republic-launches-national-cryptocurrency-called-sango-coin?utm_source=cashapp&utm_medium=rss) based on 'tokenized natural resources', just like Venezuela Report on CAR paints a bleak picture of the country (https://bdatacenter.fr/wp-content/uploads/Report-from-the-Bitcoin-Delegation-in-the-Central-African-Republic.pdf) Privacy Hacked exchange accounts are cheaper than expected (https://www.privacyaffairs.com/dark-web-price-index-2021/) on the dark web Chinese total surveillance police state apparently doesn't protect citizen data (https://twitter.com/ZeyiYang/status/1543409345815355399) particularily well Similar leak detailed how China uses surveillance to commit genocide on the Uighers (https://theintercept.com/2021/01/29/china-uyghur-muslim-surveillance-police/) The libertarian CATO Institute report on how inflation reduces financial privacy (https://www.cato.org/blog/how-inflation-erodes-financial-privacy) CATO's 1998 newsletter (https://www.cato.org/sites/cato.org/files/serials/files/policy-report/1998/1/cpr-20n1.pdf) supporting Adam Back and the cypherpunks drive for encryption and privacy Rember the clipper chip (https://en.wikipedia.org/wiki/Clipper_chip)? Energy IAE report on nuclear energy (https://www.iea.org/reports/nuclear-power-and-secure-energy-transitions/executive-summary) suggests that momentum for new nuclear power options is building, but sufficient nuclear to meaningfully impact climate change is still far away Bitcoin Education Lopp's excellent page of lightning resources (https://www.lopp.net/lightning-information.html) Elizabeth's Stark's lightning network primer (https://www.coincenter.org/education/key-concepts/lightning-network/) is a good start Blockstream has a schnorr half aggregation (https://blog.blockstream.com/half-aggregation-of-bip-340-signatures/) proposal You can view it in their cross input signature aggregation (CISA) (https://github.com/ElementsProject/cross-input-aggregation) repo Feedback Remember to get in touch bitcoindadpod@protonmail.com or @bitcoindadpod on twitter Consider joining the matrix channel (https://matrix.to/#/#bitcoin:jupiterbroadcasting.com) using a matrix client like element (https://element.io/get-started) Value for Value Podcasting 2.0 to support an indepenent podcasting ecosystem (https://podcastindex.org/) Recomended Podcasting2.0 apps: Fountain (https://www.fountain.fm/) podcast app (Android & Apple) Podverse (https://podverse.fm/) (Cross platform and self hostable) Castamatic (https://apps.apple.com/us/app/castamatic-podcast-player/id966632553) (Apple) Sponsors and Acknowledgements Music by Lesfm from Pixabay Self Hosted Show (https://selfhosted.show/) courtesy of Jupiter Broadcasting (https://www.jupiterbroadcasting.com/)
Pre-show Tease A fancy blog post (https://medium.com/@0xluminous/the-future-of-open-source-software-7c77592f8f24) affinity scamming with Open Source Software and bitcoin to promote a valueless project that has crashed to nothing (https://coinmarketcap.com/currencies/saito/) News Compass Mining CEO and CFO (https://www.coindesk.com/business/2022/06/28/compass-mining-ceo-and-cfo-resign-amid-setbacks-and-disappointments/) resign - hosted mining has always been a sh*tshow Previously lost control of customer ASICs (https://news.bitcoin.com/report-compass-to-sell-30-million-in-crypto-mining-equipment-located-in-russia/) in Russia Ruben Smonsen receives a grant (https://twitter.com/SomsenRuben/status/1542560845917462534?s=20&t=rubEinsCnq_GiznfIYOk1Q) to work on spacechains (https://bitcoinmagazine.com/technical/how-bitcoin-spacechains-work) Gillebrand-Loomis Github Bill Feedback is both perceptive (https://github.com/responsible-financial-innovation-act22/RFIA-bill/issues/156) and ridiculous (https://github.com/responsible-financial-innovation-act22/RFIA-bill/issues/72) Solana labs is making a web3 mobile phone (https://solana.com/news/saga-reveal): is this a bottom or top signal? Economics A doom filled twitter thread (https://twitter.com/mattcsnow/status/1542787785832206337) sums up generally negative macro conditions Where 80% of Global Energy (https://twitter.com/JoanneNova/status/1537311144360038400) Comes From
Tokenomics
3ac ordered to liquidate (https://web3isgoinggreat.com/?id=three-arrows-capital-ordered-to-liquidate) by a BVI judge FTX rumored to be aquiring BlockFI for $25m (https://www.cnbc.com/2022/06/30/ftx-closes-in-on-a-deal-to-buy-embattled-crypto-lender-blockfi-for-25-million-in-a-fire-sale.html) but Zac Prince, BlockFI CEO denies this (https://twitter.com/BlockFiZac/status/1542582904110317568) Ledger adds rehypothication (https://www.coindesk.com/business/2022/06/28/ledger-live-adds-yield-earning-capability-via-alkemi-earn/) via Alchemy Earn Privacy European custodial crypto transfers (https://www.coindesk.com/policy/2022/06/29/eu-finalizes-crypto-money-laundering-rules/) will be completely surveilled, but self-custody carveout remains for now Coinbase is a surveillance company helping ICE and other 3 letter agencies (https://theintercept.com/2022/06/29/crypto-coinbase-tracer-ice/) perform warrentless surveillance on all their customers nokyc: A script that lists all current Bisq offers in the terminal (https://github.com/j4imefoo/nokyc) Bitcoin Education The oracle problem as shown by the Chainlink 2.0 (https://ercwl.medium.com/whats-wrong-with-the-chainlink-2-0-whitepaper-for-simpletons-d50f27049464) white paper Bitcoin Optech #206 (https://bitcoinops.org/en/newsletters/2022/06/29/) is mostly education links The largest multisig quorums (https://bitcoin.stackexchange.com/questions/114048/what-is-the-largest-multisig-quorum-currently-possible) per address type Bitcoin Core node block relay options (https://bitcoin.stackexchange.com/questions/114081/what-is-the-difference-between-blocksonly-and-block-relay-only-in-bitcoin-core) Feedback Remember to get in touch bitcoindadpod@protonmail.com or @bitcoindadpod on twitter Consider joining the matrix channel (https://matrix.to/#/#bitcoin:jupiterbroadcasting.com) using a matrix client like element (https://element.io/get-started) Corrections Mischaracterizaiton of the FTX credit line/aquisition of BlockFI Panic of 1907 callback Value for Value Podcasting 2.0 to support an indepenent podcasting ecosystem (https://podcastindex.org/) Recomended Podcasting2.0 apps: Fountain (https://www.fountain.fm/) podcast app (Android & Apple) Podverse (https://podverse.fm/) (Cross platform and self hostable) Castamatic (https://apps.apple.com/us/app/castamatic-podcast-player/id966632553) (Apple) Sponsors and Acknowledgements Music by Lesfm from Pixabay Self Hosted Show (https://selfhosted.show/) courtesy of Jupiter Broadcasting (https://www.jupiterbroadcasting.com/)
News Economics Lyn Alden's June newsletter is all about Demand Destruction (https://www.lynalden.com/june-2022-newsletter/) El Salvador’s government is gambling on bitcoin (https://www.economist.com/the-americas/2022/06/16/el-salvadors-government-is-gambling-on-bitcoin): The Economist magazine on the problems of the Bukele Regime SBF the founder of FTX wants to be an altcoin central bank (https://decrypt.co/103319/sam-bankman-fried-ftx-has-responsibility-to-step-in-and-stem-crypto-contagion) except not really Aaaand he's providing $250m of revolving credit (https://nitter.net/BlockFiZac/status/1539216594383028224) to Blockfi Tokenomics Solend, Solana based lending protocol, wanted to steal a whale's $120m deposit, got backlash, so now want to rugpull liquidate in a different way (https://blog.solend.fi/slnd3-introduce-account-borrow-limit-19030792eb8c) Privacy DuckDuckGo searches seem to be plateauing (https://searchengineland.com/duckduckgo-drops-below-100-million-searches-per-day-385835), might just be a blip but demand for privacy seems to be a persistent issue Former lead dev of Wasabi 2.0 Wallet thinks the latest release is not safe to use (https://nitter.net/mHaGqnOACyFm0h5/status/1536442355003293700) Wasabi says it's not being reckless, the release is just so great it doesn't need testing (https://nitter.net/wasabiwallet/status/1536300778461310976) We mention Bloom Filters (https://iq.opengenus.org/spvs-and-bloom-filters-in-bitcoin-protocol/), a fascinating bit of bitcoin engineering China weaponizing health screening codes (https://archive.ph/rInEJ) to crush protestors against bank account confiscations A CBDC would cut out several steps in this problem Bitcoin Education Bolt Hackathon tutorials (https://www.youtube.com/c/bolt-fun) on youtube if you want to get started building on lightning Certified Bitcoin Professional test (https://cryptoconsortium.org/certifications/) Feedback Remember to get in touch bitcoindadpod@protonmail.com or @bitcoindadpod on twitter Consider joining the matrix channel (https://matrix.to/#/#bitcoin:jupiterbroadcasting.com) using a matrix client like element (https://element.io/get-started) Corrections None today! Value for Value Podcasting 2.0 to support an indepenent podcasting ecosystem (https://podcastindex.org/) Recomended Podcasting2.0 apps: Fountain (https://www.fountain.fm/) podcast app (Android) Podverse (https://podverse.fm/) (Cross platform and self hostable) Castamatic (https://apps.apple.com/us/app/castamatic-podcast-player/id966632553) (Apple) Sponsors and Acknowledgements Music by Lesfm from Pixabay Self Hosted Show (https://selfhosted.show/) courtesy of Jupiter Broadcasting (https://www.jupiterbroadcasting.com/)
Interview: Bryan Solstin Bryan's campaign website (https://solstin.org/) Follow Bryan on twitter (https://twitter.com/BryanBSolstin/) @BryanBSolstin Bryan's podcast (https://podcasts.apple.com/us/podcast/solstin-org-podcasts/id1624295120) Feedback Remember to get in touch bitcoindadpod@protonmail.com or @bitcoindadpod on twitter Consider joining the matrix channel (https://matrix.to/#/#bitcoin:jupiterbroadcasting.com) using a matrix client like element (https://element.io/get-started) Value for Value Podcasting 2.0 to support an indepenent podcasting ecosystem (https://podcastindex.org/) The Fountain (https://www.fountain.fm/) podcast app Sponsors and Acknowledgements Music by Lesfm from Pixabay Self Hosted Show (https://selfhosted.show/) courtesy of Jupiter Broadcasting (https://www.jupiterbroadcasting.com/)
Pre-show Support the show by providing some inbound liquidity to our lightning node 02cbf971eb8b827099f3eae47ab2a7d8174fbfaef6a1357115ab7d81a545f6c900@2nkaxx55mc6mh4vdwh3eygtyt2hjyxh3vm7ge5lq5ryy2exvt2hdijyd.onion:9735 Welcome to the Bear Market If bitcoin is dead...why is the federal reserve doubling down on their FedNow (https://www.reuters.com/markets/us/feds-powell-us-digital-dollar-could-help-maintain-international-primacy-2022-06-17/) CBDC bitcoin clone? Hilarious video (https://www.frbservices.org/financial-services/fednow/prepare-for-fednow/watch-get-ready-fednow-video) touting its benefits The US White House is also doubling down on CBDCs (https://www.meritalk.com/articles/white-house-placing-urgency-on-cbdc-research/) Centralized solutions enable MORE monetary policy, not less, delaying the debt crisis (https://www.reuters.com/markets/us/feds-powell-us-digital-dollar-could-help-maintain-international-primacy-2022-06-17/) Reading list for the Bear Market Mastering Bitcoin (https://www.amazon.com/Mastering-Bitcoin-Programming-Open-Blockchain/dp/1491954388/ref=sr_1_1?keywords=mastering+bitcoin+antonopoulos&qid=1655709032&s=books&sprefix=mastering+bit%2Cstripbooks%2C182&sr=1-1) by Andreas Antonopolus Programing Bitcoin (https://www.amazon.com/Programming-Bitcoin-Learn-Program-Scratch/dp/1492031496) by Jimmy Song Grokking Bitcoin (https://www.amazon.com/Grokking-Bitcoin-Kalle-Rosenbaum/dp/1617294640/ref=sr_1_1?keywords=grokking+bitcoin&qid=1655709080&s=books&sprefix=grokking+bit%2Cstripbooks%2C170&sr=1-1) is less technical, more like a comic A hands on course for using a bitcoin node (https://github.com/BlockchainCommons/Learning-Bitcoin-from-the-Command-Line/blob/master/01_0_Introduction.md) from the command line News Congressional Research Service releases a paper describing current stablecoin regulatory frameworks (https://crsreports.congress.gov/product/pdf/LSB/LSB10753) and a followup that outlines the regulatory options (https://crsreports.congress.gov/product/pdf/LSB/LSB10754) Jack Mallers gives a great interview (https://www.youtube.com/watch?v=ZpKa1fzEKr4) with Business Insider and they don't publish it Great response to every piece of FUD thrown at bitcoin, train up for no-coiner debates Economics Lyn Alden details the European Central Bank's monetary trap (https://www.lynalden.com/ecb-trapped/) The Federal Reserve's Plan was a recession all along (https://wolfstreet.com/2022/06/15/fed-stops-dillydallying-so-ok-maybe-no-softish-landing-markets-on-their-own/) Cisco is a tech canary, when they freeze hiring (https://www.theregister.com/2022/06/16/cisco_dials_back_on_hiring/) it's a red flag Tokenomics Celsius network halts withdrawls, appears insolvent (https://bitcoinmagazine.com/markets/celsius-halts-bitcoin-withdrawals-what-went-wrong) and poised to take down other stealth crypto hedgefunds and lenders like 3ac (https://nitter.net/Danny8BC/status/1537224378554806272#m) Who could have known that the NBA would create huge numbers of NFTs (https://www.theverge.com/23153620/nba-top-shot-nft-bored-ape-yacht-club) to satsify demand for Top Shots, tanking their price? Lyn's post-mortem of the vurrent crypto crash (https://www.lynalden.com/digital-alchemy/) is also required reading to undrestand why all the alts go down and how that doesn't affect bitcoin's value proposition Arthur Hayes latest blog post (https://blog.bitmex.com/floaters/) is a mix of failed predictions and an attempt to pump his DEX bags Privacy DuckDuckGo searches seem to be plateauing (https://searchengineland.com/duckduckgo-drops-below-100-million-searches-per-day-385835), might just be a blip but demand for privacy seems to be a persistent issue Bitcoin Education A list of bitcoin privacy proposals (https://sethforprivacy.com/posts/proposed-bitcoin-privacy-improvements/) by Seth for Privacy Certified Bitcoin Professional test (https://cryptoconsortium.org/certifications/) Bolt Hackathon tutorials (https://www.youtube.com/c/bolt-fun) on youtube if you want to get started building on lightning Feedback Remember to get in touch bitcoindadpod@protonmail.com or @bitcoindadpod on twitter Consider joining the matrix channel (https://matrix.to/#/#bitcoin:jupiterbroadcasting.com) using a matrix client like element (https://element.io/get-started) Corrections None today! Value for Value Podcasting 2.0 to support an indepenent podcasting ecosystem (https://podcastindex.org/) The Fountain (https://www.fountain.fm/) podcast app Sponsors and Acknowledgements Music by Lesfm from Pixabay Self Hosted Show (https://selfhosted.show/) courtesy of Jupiter Broadcasting (https://www.jupiterbroadcasting.com/)
Crypto didn't, for reasons we all understand, crypto didn't act like a traditional industry, so instead of taking that time to come into compliance, crypto said 'hold my bear, watch me DeFi' - Jill H. Williamson, a.k.a Crypto Mom Shownotes Get in touch with Jill via her website (https://gravislaw.com/attorney/jill-m-williamson/) or linkedin (https://www.linkedin.com/in/jill-williamson-6409a8/) Sec charges (https://www.sec.gov/news/press-release/2021-147) Poloniex Exchange for unregistered asset trading Washington State charges Celsius for operating an unregistered money service (https://dfi.wa.gov/enforcement-actions?combine=celsius&field_cs_enforcement_act_tid=All&field_date_entered_value%5Bvalue%5D%5Byear%5D=) business Celsius' Terms of Use (https://celsius.network/terms-of-use) indicate they are aware that their products are likely notes or securities There is ample legal precedent (https://digitalcommons.law.umaryland.edu/cgi/viewcontent.cgi?referer=&httpsredir=1&article=2349&context=mlr) to define notes, or lending, as securities The DAO Report (https://www.sec.gov/news/press-release/2017-131) is required reading for understanding the SEC's view on digital assets as securities Value for Value Podcasting 2.0 to support an indepenent podcasting ecosystem (https://podcastindex.org/) The Fountain (https://www.fountain.fm/) podcast app Sponsors and Acknowledgements Music by Lesfm from Pixabay Self Hosted Show (https://selfhosted.show/) courtesy of Jupiter Broadcasting (https://www.jupiterbroadcasting.com/)
News Lumis & Gillibrand's massive crypto bill (https://bitcoinmagazine.com/business/heres-whats-in-senator-lummis-bitcoin-bill) is probably not going anywhere soon but interesting: Definite Altcoin carvouts: allows altcoins to register as 'ancillary assets' (https://www.coindesk.com/policy/2022/06/07/key-us-senators-introduce-bill-outlining-sweeping-plan-for-future-crypto-rules/) CFTC Chair wants BTC to become POS (https://bitcoinmagazine.com/legal/climate-advocate-cftc-chair-wants-to-change-bitcoin) Human rights activists pen letter to congress (https://www.financialinclusion.tech/) in epic response/troll to last weeks 'concerned technologist's' letter (https://concerned.tech/) Gary Kasparov, Navalny's org, Nigerian feminists and Gladstein PayPal enables crypto payments (https://newsroom.paypal-corp.com/2022-06-07-PayPal-Users-Can-Now-Transfer-Send-and-Receive-Bitcoin-Ethereum-Bitcoin-Cash-and-Litecoin) Their explanations of 'crypto' are not terrible Head of MIT digital currency initiate (https://www.ted.com/talks/neha_narula_the_future_of_money?subtitle=en) consulted How did they decide on BTC, BCH, LTC, and ETH? BCH and LTC are not top 10 coins New York Times article questions bitcoin's decentralization (https://nyti.ms/3PX8juC) Non-peer reviewed paper makes pretty benign claims (https://arxiv.org/pdf/2206.02871.pdf) Takes simple facts about bitcoin out of context Comment section is heartening, much more sophisticated than in the past PSA: CryptoKyle identifies Cold Card bag problem/potential avenue for supplychain attack Economics US Treasury Secretary Yellen denies that fiscal policy (https://www.business-standard.com/article/international/us-faces-unacceptable-levels-of-inflation-yellen-tells-senators-122060701239_1.html?utm_source=SEO&utm_medium=SP) has driven inflation up Argument that inflation is everywhere so it couldn't be US fiscal policy alone Energy Chelan County creates rate 36 (https://decrypt.co/102420/bitcoin-miners-will-see-29-rate-hike-hydroelectric-power-washington) for cryptominers but it's not clear why (https://www.kpq.com/bitcoin-miners-to-start-paying-higher-cost-for-energy-use-in-chelan-county-in-july/) Chelan County PUD Commissioner Garry Arseneault is the new President of the Washington Public Utility Districts Association. Washington state accounted for 4% of the whole U.S. hashrate in December close by Douglas County has stopped permitting new Bitcoin miners to arrange operations there as a result of they already eat 25% of the county’s obtainable vitality. Salcido can maintain his Chelan facility on the decrease, high-density vitality fee if he processes information as a substitute of mining crypto. The info processing makes use of the identical quantity of energy as crypto mining, he instructed the Wenatchee World. "Do you really want to be in the business of regulating what kind of processing happens on servers in your territory," Salcido said. Privacy Norwegian statistics burea wants to track all supermarket purchases (https://www.lifeinnorway.net/norway-to-track-all-supermarket-purchases/) Bitcoin Education A list of bitcoin privacy proposals (https://sethforprivacy.com/posts/proposed-bitcoin-privacy-improvements/) by Seth for Privacy Output descriptors (https://outputdescriptors.org/) as recomended by bitcoinlizard Feedback Remember to get in touch bitcoindadpod@protonmail.com or @bitcoindadpod on twitter Corrections None today! Value for Value Podcasting 2.0 to support an indepenent podcasting ecosystem (https://podcastindex.org/) The Fountain (https://www.fountain.fm/) podcast app Sponsors and Acknowledgements Music by Lesfm from Pixabay Self Hosted Show (https://selfhosted.show/) courtesy of Jupiter Broadcasting (https://www.jupiterbroadcasting.com/)
News Anti-bitcoin personality promotes anti-crypto lobbying letter (https://twitter.com/smdiehl/status/1531920908696358912): “The computational power is equivalent to what you could do in a centralised way with a $100 computer,” said de Icaza. “We’re essentially wasting millions of dollars’ worth of equipment because we’ve decided that we don’t trust the banking system.” Turns out he works for a private blockchain (https://twitter.com/dystopiabreaker/status/1470126927818067969) company that ripped off its name (https://web.archive.org/web/20180213200210/https://www.adjoint.io/) from the best hacking game of the 2000s (https://store.steampowered.com/app/1510/Uplink/) That said, most crypto lobbying is for altcoins Why many successful people dismiss bitcoin (https://www.citadel21.com/why-the-yuppie-elite-dismiss-bitcoin) Ubuntu-Mate is still taking bitcoin donations (https://ubuntu-mate.org/funding/) New York State prepares legislation to ban bitcoin mining (https://archive.ph/zuF4E) and it sort of matters Economics Arthur's latest article (https://blog.bitmex.com/shut-it-down/) ties together inflation, FED policy, and market's appetite for risk assets The In Gold We Trust Report (https://ingoldwetrust.report/igwt/?lang=en) SEC goes after NFT insider trading (https://www.bloomberg.com/opinion/authors/ARbTQlRLRjE/matthew-s-levine?cmpid=BBD060222_MONEYSTUFF&utm_medium=email&utm_source=newsletter&utm_term=220602&utm_campaign=moneystuff) Tokenomics The Hex Spam King (https://bitcoinnews.com/richard-heart-spam-king/) is offering 40% APY on your investments 1.3M Etherium transactions failed in May (https://cryptopotato.com/over-1-2-million-ethereum-transactions-failed-in-may/) and this is expensive (https://blockchair.com/ethereum/transactions?s=fee(desc)&q=failed(true),time(2022-05-01..2022-05-31)#f=failed,gas_used,block_id,fee,fee_usd,gas_price,time,internal_value) Weird video of a video of Vinay Gupta claiming Etherium exists to monetize (https://twitter.com/NerdNationUnbox/status/1478826236432560134?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1480303037973364736%7Ctwgr%5E%7Ctwcon%5Es3_&ref_url=https%3A%2F%2Fbitcoinnews.com%2Fwhen-it-comes-to-crushing-shitcoiners-cory-klippsten-is-king%2F) the presale whale's holdings Vinay has an odd "physical blockchain" product called matterum (https://mattereum.com/) Privacy Seth's list of bitcoin privacy improvement technologies (https://sethforprivacy.com/posts/proposed-bitcoin-privacy-improvements/) Ledger no longer supports (https://support.ledger.com/hc/en-us/articles/360017551659?docs=true) running your own bitcoin node Bitcoin Education This week's bitcoin optech (https://bitcoinops.org/en/newsletters/2022/06/01/) Thinking about the progressive case for bitcoin (https://theprogressivecaseforbitcoin.medium.com/bitcoin-the-network-is-neutral-its-network-effect-must-not-be-39804881a272) Block [report](https://www.theblockcrypto.com/post/127723/the-block-research-2021-digital-asset-outlook-report on global bitcoin adoption Feedback Remember to get in touch bitcoindadpod@protonmail.com or @bitcoindadpod on twitter Consider joining the Jupiter Broadcasting Bitcoin Room (https://matrix.to/#/#bitcoin:jupiterbroadcasting.com) for general discussion or the questions room (https://matrix.to/#/#bitcoin-questions:jupiterbroadcasting.com) if you have pressing questions that need answering Corrections None today! Value for Value Podcasting 2.0 to support an indepenent podcasting ecosystem (https://podcastindex.org/) The Fountain (https://www.fountain.fm/) podcast app Sponsors and Acknowledgements Music by Lesfm from Pixabay Self Hosted Show (https://selfhosted.show/) courtesy of Jupiter Broadcasting (https://www.jupiterbroadcasting.com/)
News Economics Circle doesn't want (https://www.coindesk.com/policy/2022/05/25/circle-asks-us-fed-not-to-step-on-its-toes-by-launching-a-digital-dollar/?utm_medium=referral&utm_source=rss&utm_campaign=headlines) CBDC competition The American Banking Association recognizes that a CBDC would kill the current banking system (https://www.aba.com/advocacy/policy-analysis/aba-comments-on-fed-discussion-paper-money-and-payments) Savings rates fall in the USA (https://fred.stlouisfed.org/series/PSAVERT) amid increasing economic uncertainty Russia is already thinking about cryptocurrency (https://www.reuters.com/article/idUSL5N2XJ35C) for international transfers CryptoVoices global monetary base (https://nitter.net/crypto_voices/status/1527572272613142528) report is out! Tokenomics High speed blockchains economically centralize (https://bitcoin.stackexchange.com/questions/113505/how-would-faster-blocks-cause-mining-centralization) according to Murch Energy US Power grid may fail (https://www.vice.com/en/article/dypnja/majority-of-us-power-grid-at-risk-of-failure-this-summer-report-warns) this summer California Warning Alarms since 2018 about hydro (https://link.springer.com/article/10.1007/s10584-018-2329-5) 58% of the state's natural gas units have been retired since 2015, amounting to 6,500 megawatts of generating capacity. California and the West face likely power outages this summer (https://www.axios.com/2022/05/27/california-west-drought-electricity-grid-outages) NERC sounds alarm on solar tripping in 'sobering' summer reliability report (https://www.utilitydive.com/news/nerc-summer-reliability-report-west-miso-ercot/624043/) California Water Usage in Crops, and the Water Value of Almonds (https://sites.uci.edu/energyobserver/2015/04/21/california-water-usage-in-crops-and-the-water-value-of-almonds/) Privacy German officials agitating to ban telegram (https://www.reuters.com/world/europe/politician-says-germany-should-ban-telegram-unless-it-tackles-extremist-content-2021-12-14/) Guide to P2P bitcoin (https://thebitcoinmanual.com/buying-btc/dex/) exchanges Bitcoin Education Bitcoin Optech focuses on package relay (https://bitcoinops.org/en/newsletters/2022/05/25/) ... which might be the perfect BIP Feedback Remember to get in touch bitcoindadpod@protonmail.com or @bitcoindadpod on twitter Boosts Wallets Recovery (https://walletsrecovery.org/) for help recovering wallets from seed phrase Corrections None today! Value for Value Podcasting 2.0 to support an indepenent podcasting ecosystem (https://podcastindex.org/) The Fountain (https://www.fountain.fm/) podcast app Sponsors and Acknowledgements Music by Lesfm from Pixabay Self Hosted Show (https://selfhosted.show/) courtesy of Jupiter Broadcasting (https://www.jupiterbroadcasting.com/)
News Sweet infographic shows who funds (https://whofundsbitcoin.com/) bitcoin development Tokenomics The Problem of Etherium (https://tomerstrolight.medium.com/the-problem-with-ethereum-af9692f4af95) explains the changing promises of Etherium in the context of a society with class structure Ties in nicely with Vitalik's latest cry for help (https://twitter.com/VitalikButerin/status/1526378787855736832) How sweet (and brief) it is to be a top 10 coin (https://twitter.com/ChartsBtc/status/1527785631643865088) Energy New CCAF report on bitcoin mining (https://www.jbs.cam.ac.uk/insight/2022/bitcoin-mining-new-data-reveal-a-surprising-resurgence/) has some surprising(?) opinions Cambridge Bitcoin Electricity Consumption Index Change Log (https://ccaf.io/cbeci/change_log) Tesla Asking Owners to Limit Charging During Texas Heatwave Isn’t a Good Sign | The Drive (https://www.thedrive.com/news/tesla-asks-texan-owners-to-limit-charging-due-to-heat-wave) Privacy This Month in Bitcoin Privacy (https://enegnei.github.io/This-Month-In-Bitcoin-Privacy/April_2022/) is back! Powerfull edition, great discussion of financial surveillance Details CBDC incentives are completely anti-privacy Start your own local trading group (https://juraj.bednar.io/en/blog-en/2022/03/14/how-to-create-your-own-crypto-trading-group/) EU plans to 'save the children' by abolishing online privacy (https://tutanota.com/blog/posts/eu-surveillance-csam/) Seattle Bitcoin (Seattle, WA) | Meetup (https://www.meetup.com/seabtc) Bitcoin Education 200th edition of bitcoin optech is out! (https://bitcoinops.org/en/newsletters/2022/05/18/) OP_CAT could enable recursive bitcoin covenants - protocol work is really hard! Rusty Russell proposed an OPTX opcode to replace Jeremey Rubin's OPCTV. His proposal is more extensible and has all of the benefits of OP_CTV Corrections Gary Gensler: crypto exchanges trading against (https://news.yahoo.com/sec-chair-gary-gensler-takes-184814025.html) their customers, also, water still wet -> this was a broad characterization is probably wrong for some exchanges like Kraken PSA - Umbrel is insecure (https://hideme.software/) Feedback Remember to get in touch bitcoindadpod@protonmail.com or @bitcoindadpod on twitter Some tips on running a full node: Lopp's guide to bitcoin and tor (https://blog.lopp.net/how-to-run-bitcoin-as-a-tor-hidden-service-on-ubuntu/) setup K3tan's excellent ubuntu nodebox guide (https://www.youtube.com/watch?v=fx_mLXISrfM) A docker node option I haven't tried (https://ezno.de/) Value for Value Podcasting 2.0 to support an indepenent podcasting ecosystem (https://podcastindex.org/) The Fountain (https://www.fountain.fm/) podcast app Sponsors and Acknowledgements Music by Lesfm from Pixabay Self Hosted Show (https://selfhosted.show/) courtesy of Jupiter Broadcasting (https://www.jupiterbroadcasting.com/)
Economics Why are all financial markets down? Tokenomics How to make $800 million (https://onchainwizard.substack.com/p/how-to-make-800m-in-crypto-soros?s=r) breaking LUNA Surprise, surprise! Do Kwon the Terra founder is a serial altcoiner (https://www.coindesk.com/tech/2022/05/11/usts-do-kwon-was-behind-earlier-failed-stablecoin-ex-terra-colleagues-say/) involved in several failed projects Other alt-coin/algo-coin constructions like neutrino (https://www.coindesk.com/markets/2022/05/11/crisis-in-terras-ust-stablecoin-spreads-to-neutrino-usd-on-waves-protocol/) are also crashing based on this broad panic Arthur's take on stablecoins (https://blog.bitmex.com/luna-brothers-inc/) Bitmex's history of stablecoins (https://blog.bitmex.com/a-brief-history-of-stablecoins-part-1/) Energy Norwegian mining ban is reversed (https://bitcoinmagazine.com/markets/norway-votes-against-bitcoin-mining-ban) Sponsored by the Norwegian Communist party, wants non-market energy policy
Ordinary households, companies and the public sector pay an electricity tax of $2.51 per kilowatt hour, the industry has a reduced electricity tax of around $0.07 per kilowatt hour. Bitcoin Education See Episode 16: Stablecoin Alchemy (https://bitcoindadpod.fireside.fm/16) Corrections We were wrong about mining pool decentralization: it's more centralized and it's ok (https://mempool.space/mining) Cut off Bullish-on-sats boost from last week: The lightning.video discussion got me thinking. What if my cloud provider, e.g., Linode, could present me with a Lightning invoice daily or weekly, instead of charging a credit card monthly? I’m not sure it’s as compelling a use case as paying for bits of media content, but I’m interested in your thoughts. Feedback Remember to get in touch bitcoindadpod@protonmail.com or @bitcoindadpod on twitter Boosts Mentioned CoinOS (https://github.com/coinos/coinos-server) as a potential solution to hosting wallets for the family Tourquoise Fox mentioned bitcoin optech (https://bitcoinops.org/en/newsletters/) to keep track of bitcoin development Value for Value Podcasting 2.0 to support an indepenent podcasting ecosystem (https://podcastindex.org/) The Fountain (https://www.fountain.fm/) podcast app Sponsors and Acknowledgements Music by Lesfm from Pixabay Self Hosted Show (https://selfhosted.show/) courtesy of Jupiter Broadcasting (https://www.jupiterbroadcasting.com/)
Getting bitcoin off Exchanges Habits Fast off exchange Rehypothification Custody risk (https://www.businessinsider.com/coinbase-users-transfer-crypto-cold-hardware-wallets-2022-5) Slow on cold storage Wallets Bitcoin.orgs wallet selector (https://bitcoin.org/en/choose-your-wallet) Another pretty good guide to mobile bitcoin wallets (https://bitcoiner.guide/wallet/mobile/) Guide to desktop wallets (https://bitcoiner.guide/wallet/desktop/) The Exodus Wallet (https://www.exodus.com/) for those of you who are doing bitcoin + altcoins Printable sheets for writing out your wallet seed (https://bitcoiner.guide/backup.pdf) Feedback Remember to get in touch bitcoindadpod@protonmail.com or @bitcoindadpod on twitter Join the Jupiter Broadcasting bitcoin (https://matrix.to/#/#bitcoin:jupiterbroadcasting.com) channel using element messenger (https://element.io/get-started) Value for Value Podcasting 2.0 to support an indepenent podcasting ecosystem (https://podcastindex.org/) The Fountain (https://www.fountain.fm/) podcast app Sponsors and Acknowledgements Music by Lesfm from Pixabay Self Hosted Show (https://selfhosted.show/) courtesy of Jupiter Broadcasting (https://www.jupiterbroadcasting.com/)
Pre-Show Thoughts Seth's recommended tools (https://optoutpod.com/posts/recommended-tools/) page is quite brilliant Notes from interview A history of cryptonote (https://monero.stackexchange.com/questions/90/what-is-known-about-the-creation-and-history-of-the-cryptonote-protocol) by Murch! Monero's stealth address (https://www.getmonero.org/resources/moneropedia/stealthaddress.html) technology explained Paynyms (https://samouraiwallet.com/paynym), a private public bitoin address courtesy of the Samourai Devs (https://blog.samouraiwallet.com/) Seth says 'silent addresses' but he means 'silent payments', a bitcoin privacy proposal (https://gist.github.com/RubenSomsen/c43b79517e7cb701ebf77eec6dbb46b8) by our favourite Bitcoin Sourcer, Ruben Somsen! Nymnet with Harry Halpin was one of my favorite OptOutPod interviews (https://optoutpod.com/episodes/s2e05-nym/) Feedback Remember to get in touch bitcoindadpod@protonmail.com or @bitcoindadpod on twitter Outro Podcasting 2.0 to support an indepenent podcasting ecosystem (https://podcastindex.org/) The Fountain (https://www.fountain.fm/) podcast app Sponsors and Acknowledgements Music by Lesfm from Pixabay Self Hosted Show (https://selfhosted.show/) courtesy of Jupiter Broadcasting (https://www.jupiterbroadcasting.com/)
Pre-show Tease The Roblox saga continues News Mainstream Funny Verge article laughs at various flavors of bitcolin maximalism (https://www.theverge.com/2022/4/28/23042819/bitcoin-2022-miami-beach-conference-maxis) at Bitcoin 2022 Warren attacks Fidelity plan to add bitcoin to 401k(k) plans (https://archive.ph/zCH9N) Economics Economics Mini-Series: Three articles to grok the current monetary and energy transition Lyn Alden's epic What is money? (https://www.lynalden.com/what-is-money/) condenses 5000 years of monetary history into a half hour read Understand previous monetary transitions so the current one doesn't surprise you
The Swiss dropped their gold standard when I was twelve years old, which was six years after Amazon was founded, and three years before Tesla was founded. The fiat/petrodollar standard is only four times older than bitcoin, and only two times older than the first internet browser. That’s pretty recent when you think about it like that. Lyn Alden's Investing during stagflation (https://www.lynalden.com/investing-during-stagflation/) The last 20 years of low interest rates are bad experience for understanding high interest rate/high inflation investing Arthur Hayes' Doom Loop (https://entrepreneurshandbook.co/the-doom-loop-161a42bbcd50) is worth a second read, plays out the trades that lead to million dollar bitcoin Government Debt Spiral + energy crisis = YCC High inflation US, Breakup of EU, China divests dollars into energy, gold, btc? China's savings is a big problem Energy Chris can finally stop caring about energy misinformation and just hand out Lyn's bullish energy market forecast (https://www.lynalden.com/oil-and-gas/) Febuary story about the failure (https://www.youtube.com/watch?v=-0gbisTsj2w) of Spain's solar subsidy program Tokenomics Lyn Alden took the time to quantify how much volatility it will take to break the TERRA-LUNA peg (https://twitter.com/LynAldenContact/status/1520752169623998468) and how selling bitcoin reserves could trigger a market crash Solana needs another restart (https://twitter.com/SolanaStatus/status/1520508697100926977), POS is going great! NFT activity is flatlining (https://www.videogameschronicle.com/news/nft-sales-have-declined-92-since-their-peak/) surprising no one who took 10 minutes to think about the fundamentals of 'non-fungible tokens' HINT: the key is 'non-fungible' See the raw data here (https://nonfungible.com/market-tracker?days=7) Bitcoin Education A boost suggest we look into open timestamps (https://opentimestamps.org/) Feedback Remember to get in touch bitcoindadpod@protonmail.com or @bitcoindadpod on twitter See on-chain bitcoin activity using Glassnode (https://studio.glassnode.com/metrics?a=BTC&category=Entities&m=entities.NewCount) Sell files on lighting with agora (https://agora-org.github.io/agora/) Bitcoin KPIs (https://www.bitcoinkpis.com/) provides free on chain data about the bitcoin network See up to date mining pool data with the mempool.space (https://mempool.space/mining) mining dashboard Corrections None today! Outro Podcasting 2.0 to support an indepenent podcasting ecosystem (https://podcastindex.org/) The Fountain (https://www.fountain.fm/) podcast app Sponsors and Acknowledgements Music by Lesfm from Pixabay Self Hosted Show (https://selfhosted.show/) courtesy of Jupiter Broadcasting (https://www.jupiterbroadcasting.com/)
Links Hosting video (https://lightning.video/) on the bitcoin lightning network The demo lightning.page (https://lightning.page/tcUUzRkyzXYhIZQbmopiCLREyZ_kQJqQ-C4XesecOm4.GX1Dv-eGcfKuOPobBK9Q-Sc-o697XgVCQzOCfqfimIo) social layer built on lightning The project mainpage and resources (https://shockwallet.app/) Feedback Remember to get in touch bitcoindadpod@protonmail.com or @bitcoindadpod on twitter Outro Podcasting 2.0 to support an indepenent podcasting ecosystem (https://podcastindex.org/) The Fountain (https://www.fountain.fm/) podcast app Sponsors and Acknowledgements Music by Lesfm from Pixabay Self Hosted Show (https://selfhosted.show/) courtesy of Jupiter Broadcasting (https://www.jupiterbroadcasting.com/)
News New version of Bitcoin Core (https://lists.linuxfoundation.org/pipermail/bitcoin-core-dev/2022-April/000111.html) has been released Proof of Stake has already centralized (https://www.suresats.com/post/ethereum-s-centralization-dilemma-through-lido-staking) Etherium 2.0 validation Bitcoin is not a store of value (https://www.suresats.com/post/bitcoin-is-not-a-store-of-value)...yet CAR adopts bitcoin (https://bitcoinmagazine.com/business/the-central-african-republic-adopts-bitcoin-as-legal-tender) but it's not super clear what that means Jeremey Rubin shakes the tree with a speedy trial soft fork (https://rubin.io/bitcoin/2022/04/17/next-steps-bip119/) proposal for OPCHECKTEMPLATE_VERIFY 7 Theses on a next step for BIP-119 · Jeremy Rubin (https://rubin.io/bitcoin/2022/04/17/next-steps-bip119/) BIP-119 bproposes adding covenants (https://utxos.org/) to bitcoin Bitmex has a great explanation (https://blog.bitmex.com/op_ctv-summer-softfork-shenanigans/) of the poposal Andreas made a video critical of the activation method (https://www.youtube.com/watch?v=yO5BwXFyCIQ) The creator, Jeremy Rubin, describes some potential use cases (https://podcast.chaincode.com/2020/01/30/jeremy-rubin-3.html) in detail on the ChainCode podcast Jeremy explains his thoughts on bitcoin development in a blog post (https://www.vice.com/en/article/epx3q7/fort-worth-texas-to-mine-bitcoin-in-city-hall-after-trade-group-donation) Forth worth to mine bitcoin (https://www.vice.com/en/article/epx3q7/fort-worth-texas-to-mine-bitcoin-in-city-hall-after-trade-group-donation) in the city hall after a donation Paper on the El Salvador bitcoin experiment (https://www.davidargente.com/_files/ugd/b05023_7825615207654784864b4c4cc4ec6550.pdf) from Stacker.news (https://stacker.news/items/23418) Add read This episode of the Bitcoin Dad Pod is brought to you by the Self-Hosted Show from Jupiter broadcasting. The self hosted show is a podcast about running your own digital infrastructure and having fun while doing it! Host your own media server, control your home iot devices with a rasberry pi, and get endless excuses to buy more electronic toys!The self hosted show will give you ideas, guidance and a fun community to experiment with running way too many computers at home! Check it out at selfhosted.show or search for self hosted show in your podcast app. Bitcoin Education Next Bitcoin Core PR Review Club is scheduled (https://bitcoincore.reviews/24584) Upstream data home mining with a sound dampening box guide (https://blog.upstreamdata.ca/coldcard-blackbox/) Feedback Remember to get in touch bitcoindadpod@protonmail.com or @bitcoindadpod on twitter Corrections None today! Outro Podcasting 2.0 to support an indepenent podcasting ecosystem (https://podcastindex.org/) The Fountain (https://www.fountain.fm/) podcast app Sponsors and Acknowledgements Music by Lesfm from Pixabay Self Hosted Show (https://selfhosted.show/) courtesy of Jupiter Broadcasting (https://www.jupiterbroadcasting.com/)
News Crypto schadenfreude: yes, most DAOs are just a convenient structure for scamming (https://www.coindesk.com/business/2022/04/14/olympusdao-co-founder-doxxed-lawsuit-claims-to-unmask-apollo/) Turkey bans cryptocurrency (https://www.bloomberg.com/news/articles/2021-04-16/turkey-bans-cryptocurrency-payments-saying-risks-are-too-great) for transactions Matt Levine's breakdown of the Terra-Luna (https://www.bloomberg.com/opinion/articles/2022-04-19/the-stability-of-algorithmic-stablecoins) peg and Ponzinomic strategy Last year he broke down the IRON-TITAN stablecoin failure (https://www.bloomberg.com/opinion/articles/2021-06-17/titanium-got-crushed?sref=1kJVNqnU) which is illuminating as to the weaknesses of a two coin system IMF's Global Financial Stability Report (https://bitcoinmagazine.com/markets/imf-publishes-global-financial-stability-report-discussing-bitcoin?utm_source=Bitcoin+Magazine&utm_campaign=6197e3f14c-&utm_medium=email&utm_term=0_f7d45fbb67-6197e3f14c-357178061&mc_cid=6197e3f14c&mc_eid=c067dcb913) is almost an add for bitcoin Ukraine's Central Bank Bans Crypto Purchases in Local Currency (https://www.coindesk.com/policy/2022/04/22/ukraines-central-bank-bans-crypto-purchases-in-local-currency/) Israel Adds Yuan to $206 Billion Reserves in ‘Philosophy’ Change (https://www.bloomberg.com/news/articles/2022-04-20/israel-adds-yuan-to-206-billion-reserves-in-philosophy-change) Israel's central bank adds the Chinese yuan and three other currencies to its $206 billion reserves, reducing the allocation for the dollar and the euro. To accommodate the changes, the euro’s share will fall to 20% -- the lowest in at least a decade -- from just over 30%, while the dollar will account for 61%, down from 66.5%. The pound’s weighting, by contrast, will almost double to 5%, returning to a level last seen in 2011. The greenback’s share, by contrast, has fallen to the lowest since 1995 Bitcoin Education Taro is the new color coin (https://lightning.engineering/posts/2022-4-5-taro-launch/) protocol from lightning labs Color coins have existed for a while on bitcoin, but this protocol seems stablecoin focused Feedback Remember to get in touch bitcoindadpod@protonmail.com or @bitcoindadpod on twitter stacker news (https://stacker.news/) Corrections We never actually explain why the mempool cleared in 2021: batching transactions by exchanges, segwit, and lightning Outro Podcasting 2.0 to support an indepenent podcasting ecosystem (https://podcastindex.org/) The Fountain (https://www.fountain.fm/) podcast app Sponsors and Acknowledgements Music by Lesfm from Pixabay Self Hosted Show (https://selfhosted.show/) courtesy of Jupiter Broadcasting (https://www.jupiterbroadcasting.com/)
Intro The Classic GM Motorhome (https://www.sirumvintagegmc.com/the-story-of-the-classic-gmc-motorhome) comes up News Submit a comment on bitcoin's energy usage (https://www.federalregister.gov/documents/2022/03/25/2022-06284/request-for-information-on-the-energy-and-climate-implications-of-digital-assets) to the Biden administration Fascinating infographic on how Americans have weird preceptions (https://today.yougov.com/topics/politics/articles-reports/2022/03/15/americans-misestimate-small-subgroups-population) about reality Bitcoin ownership is surprisingly less centralized (https://www.buybitcoinworldwide.com/treasuries/) than the ownership of the US stock market (https://ritholtz.com/2020/01/stock-ownership/) The prize for worst FED vice-chair nomination (https://www.coindesk.com/policy/2022/04/15/biden-nominates-former-ripple-adviser-barr-as-top-us-fed-regulator/) ever goes to Michael Barr, formerly of Ripple Blackrock goes from bitcoin is a 'money laundering index' to all in-ish (https://www.forbes.com/sites/ninabambysheva/2022/04/13/blackrocks-newest-investment-paves-the-way-for-digital-assets-on-wall-street/?sh=60767cb85b6d) Lebanon confiscates foreign currency accounts (https://cryptonews.com/news/another-case-for-bitcoin-as-lebanon-reportedly-targets-depositors-fiat.htm) surprising no one Unfortunately, things in El Salvador aren't going great (https://www.aljazeera.com/news/2022/3/28/el-salvador-invokes-state-of-emergency-after-62-killings-in-a-day) Bukele didn't show up (https://twitter.com/TheBitcoinConf/status/1511751005377073154) at Bitcoin2022 The Bitcoin Bond issue has been postponed till September (https://www.reuters.com/technology/el-salvador-postpones-bitcoin-bond-issue-expects-better-conditions-2022-03-22/) but Bukele call's conerns FUD (https://www.coindesk.com/business/2022/03/24/el-salvadors-bukele-shoots-down-fud-on-bitcoin-bond-takes-issue-with-us-lawmakers/) A skeptical podcast talks to two El Salvadorians (https://anchor.fm/cryptocriticscorner/episodes/We-Need-to-talk-about-El-Salvador-Feat--Mario-Gmez-and-Oscar-Salguero-e1gbomt) on the wrong side of Bukele Perhaps the US Seneate report of El Salvador (https://www.coindesk.com/policy/2022/03/23/us-senate-to-consider-bill-examining-el-salvadors-bitcoin-experiment/) will provide better data on the state of bitcoin in the country Strike Partners With Shopify, Blackhawk, and NCR (https://medium.com/coinmonks/strike-partners-with-shopify-blackhawk-and-ncr-to-bring-bitcoin-lightning-payments-to-merchants-a05a1ff3236f) to Bring Bitcoin Lightning Payments to Merchants Add read This episode of the Bitcoin Dad Pod is brought to you by the Self-Hosted Show from Jupiter broadcasting. The self hosted show is a podcast about running your own digital infrastructure and having fun while doing it! Host your own media server, control your home iot devices with a rasberry pi, and get endless excuses to buy more electronic toys!The self hosted show will give you ideas, guidance and a fun community to experiment with running way too many computers at home! Check it out at selfhosted.show or search for self hosted show in your podcast app. Bitcoin Education Murch musing on the blockspace savings of Cross Input Signature Aggregation (https://twitter.com/murchandamus/status/1513525429994409999?cxt=HHwWnsCy1YHXj4EqAAAA) What is CISA (https://bitcoin.stackexchange.com/questions/106241/what-is-cross-input-signature-aggregation-and-how-would-it-work/107068#107068)? Good question, lol :P Feedback Remember to get in touch bitcoindadpod@protonmail.com or @bitcoindadpod on twitter For help re-creating a wallet try walletsrecovery.org (https://walletsrecovery.org/) Don't be the guy who runs an unregistered money transmitters service (https://www.marketwatch.com/story/new-york-man-charged-with-running-illegal-bitcoin-atms-in-laundromats-to-help-criminals-launder-money-11649866635) Corrections None today! Outro Podcasting 2.0 to support an indepenent podcasting ecosystem (https://podcastindex.org/) The Fountain (https://www.fountain.fm/) podcast app Sponsors and Acknowledgements Music by Lesfm from Pixabay Self Hosted Show (https://selfhosted.show/) courtesy of Jupiter Broadcasting (https://www.jupiterbroadcasting.com/)
News Criticism: Internal and External Pete Rizzo's latest article (https://www.forbes.com/sites/peterizzo/2022/03/28/bitcoin-after-2140-differing-views-on-the-future-of-the-future-of-money/) is a thoughtful summary of the three main narratives of bitcoin maximalism Currently tether is an important humanitarian tool (https://twitter.com/gladstein/status/1473409024540360705) which challenges the 'bitcoin fixes this' narrative of 3rd world finance The Cannadian government's sanctions of the Ottowa truckers (https://www.politico.com/news/2022/02/28/trucker-crypto-crackdown-in-canada-fuels-gop-backlash-in-u-s-00011401) suggest that 1st world surviellance states may be able to supress some aspects of subversive bitcoin usage A critique on NFTs that begins with a somewhat lazy (https://www.youtube.com/watch?v=YQ_xWvX1n9g) attack on bitcoin but is generally correct in it's critique of financial grifters pushing DeFi, WEB3, and NFTs Why do narratives like this appeal to no-coiners like Ezra Klein (https://www.nytimes.com/2022/04/05/opinion/ezra-klein-podcast-dan-olson.html)? Privacy News A deeper look at Rohan's ECASH act (https://ecashact.us/#hardware) and why the Bitcoin Dad supports it, but is concerned about its limitations The act has a fascinating research section (https://ecashact.us/#privacylinks) Coincenter has researched the necessity of anonymous cash for an open society (https://www.coincenter.org/the-case-for-electronic-cash/) as well Cash App gets hacked (https://techcrunch.com/2022/04/05/block-cash-app-data-breach) and containg ~8 million customers, inside job Moxie (rightly) takes down the false privacy assumptions of Telegram (https://twitter3e4tixl4xyajtrzo62zg5vztmjuricljdp2c5kshju4avyoid.onion/moxie/status/1474067549574688768) But what are the trade offs of Signal? Protonmail + Simplelogin? *Chef's kiss Bitcoin Education Even Vitalik thinks ETH doesn't really work (https://vitalik.ca/general/2022/03/29/road.html) Bitcoin 2022 Conference Open Source Stage (https://noderunners.network/en/media/podcasts/bitcoin-magazine/open-source-stage-day-2-bitcoin-2022-in-miami/46140) has great technical discussion The Bitcoin Core PR Review Club (https://bitcoincore.reviews/) is a way to learn about bitcoin and software development in a hands on manner Feedback Remember to get in touch bitcoindadpod@protonmail.com or @bitcoindadpod on twitter On MMT, Stephanie Kelton is inspirational (https://www.ted.com/talks/stephanie_kelton_the_big_myth_of_government_deficits) not stupid, but I think her strategy is likely to be highly inflationary MMT tries to describe the complex financial systems that regulate money production in an economy It also debunks the "how will you pay for it?" argument to redistributive social policies On the darker side, it likely requires capital controls and financial surveillance to work Corrections No one has raised anything lately... Podcasting 2.0 to support an indepenent podcasting ecosystem (https://podcastindex.org/) The Fountain (https://www.fountain.fm/) podcast app Sponsors and Acknowledgements Music by Lesfm from Pixabay Self Hosted Show (https://selfhosted.show/) courtesy of Jupiter Broadcasting (https://www.jupiterbroadcasting.com/)
Hodlhodl (https://hodlhodl.com/) does what it says on the tin, not much instruction required, not availible in USA Intro to Bisq (https://bisq.network/getting-started/) Great Bisq intro video (https://www.youtube.com/watch?v=slhHF1zoLd4) by High Level Bitcoin (https://www.youtube.com/channel/UCQx8FNjPZ8JO9y21K3bYg0g/featured)
News Latest Attacks on Bitcoin Energy FUD Proof of stake proponents attack Bitcoin's energy usage (https://www.theverge.com/2022/3/29/22999715/climate-change-bitcoin-drop-energy-hungry-software-code-proof-of-work) to justify the existence of their own centralized, self-serving projects Research on bitcoin's energy impact (https://uploads-ssl.webflow.com/61d2416d1d63f07ecbfd010c/61e73cb0ac05f32ed010668a_Key%20Facts%20on%20Bitcoin%20%26%20the%20Environment-03%20(1)%20(1)%20(1)%20(1).pdf) suggests the energy concerns are not credible Claims that bicoin wastes energy (https://uploads-ssl.webflow.com/61d2416d1d63f07ecbfd010c/61e06fd0387be5288a07d9d6_Climate%20Organizaions%20Crypto%20Letter-01-13-01.pdf) are easily dismissed with data
Attack on Self-Custody
EU seems to be planning to ban crypto self-custody (https://www.europarl.europa.eu/doceo/document/CJ12-PR-704888_EN.pdf) It's so bad even Brian Armstrong of Coinbase doesn't like it (https://cointelegraph.com/news/crypto-industry-pushes-back-after-eu-vote-to-block-unhosted-wallets) 5a. In the case of a transfer of crypto- assets to an unhosted wallet, the crypto- asset service provider of the originator or other obliged entity shall obtain and retain the information referred to in paragraphs 1 and 2 from its customer, where available, and make such information available to competent authorities upon request Confusingly Democrats propose bill to create private ecash (https://www.theregister.com/2022/03/28/us_digital_dollar/) instead of a CBD And it's Rohan Grey again Bitcoin Education Take Gary Genslers MIT blockchain class (https://ocw.mit.edu/courses/15-s12-blockchain-and-money-fall-2018/resources/session-24-conclusion/) and become an expert Interesting to learn what the head of the SEC thinks about BTC Very bullish on permissioned blockchains - wrong on that The bitcoin whitepaper (https://bitcoin.org/bitcoin.pdf) is a surprisingly accessible read. Check it out! the bitcoin dad on how to dismiss 99% of altcoins without remorse Understand the BTC vs ETH blockchain size (https://blog.bitmex.com/bitcoin-vs-ethereum-blockchain-size/) as a mental shortcut to understanding most altcoins (and why they don't work) Even Vitalik thinks ETH doesn't really work (https://vitalik.ca/general/2022/03/29/road.html) Feedback Remember to get in touch bitcoindadpod@protonmail.com or @bitcoindadpod on twitter Jupiter Extras: March Boost Battle (https://extras.show/84) Corrections None today! Outro Podcasting 2.0 to support an indepenent podcasting ecosystem (https://podcastindex.org/) Sponsors and Acknowledgements Music by Lesfm from Pixabay Self Hosted Show (https://selfhosted.show/) courtesy of Jupiter Broadcasting (https://www.jupiterbroadcasting.com/)
Podcasting2.0 is here! Try listening on a podcasting2.0 compatible app and interact with the show with lightning! Fountain Podcast (https://www.fountain.fm/) is a slick podcast app with a built in lightning wallet Breeze Wallet (https://breez.technology/) is heavier on the lightning wallet, but also has podcasting capabilities News Algo-stablecoin Terra/Luna buying bitcoin with tether(?) (https://news.bitcoin.com/terras-founder-do-kwon-looks-forward-to-building-with-bitcoin-project-reportedly-acquires-125m-in-btc/) to provide reserves against it's algo-stablecoin Some explanation of the Terra/Luna ecosystem (https://www.publish0x.com/cryptoeq/an-honest-criticism-of-terra-ust-and-luna-as-they-stand-toda-xknlxvw) Understanding algo-coins (like MakerDAO) is complicated (https://blog.makerdao.com/a-guide-to-dai-stats/) Just a touch of geo-politics Lyn Alden's latest newsletter summarizes the macroeconomic changes (https://www.lynalden.com/march-2022-newsletter/) brought by Covid,inflation, and bitoin Apparently Russia is open to selling gas for bitcoin (https://bitcoinmagazine.com/markets/russia-open-to-sell-gas-for-bitcoin) Russian Central Banker's resignation results in another 5 year term (https://www.bloomberg.com/news/articles/2022-03-23/russia-central-banker-wanted-out-over-ukraine-but-putin-said-no?utm_source=twitter&utm_content=politics&utm_campaign=socialflow-organic&utm_medium=social&cmpid=socialflow-twitter-business&cmpid%3D=socialflow-twitter-politics) And a little economic history Cigarettes as commodity money (https://oak.ucc.nau.edu/dlf/ECO_473_Money/Money_material/The%20Economic%20Organization%20of%20a%20POW%20Camp%20-%20edit%20version.pdf) Self Custody Security Hubspot data leak (https://archive.ph/EChln) affects up to 30 bitcoin companies Coinbase requires address verification for withdrawls (https://www.coindesk.com/business/2022/03/25/coinbase-to-require-recipient-information-for-crypto-transfers-from-users-in-canada-singapore-and-japan/) for 3 countries Hackers are compromising crypto exchange security (https://darknetdiaries.com/transcript/112/) by sim swaping and spearfishing crypto holders using leaked customer databases Awesome Bitcoin Recomendations The best bitcoin dashboard (https://bitcoin.clarkmoody.com/dashboard/) online Feedback Remember to get in touch bitcoindadpod@protonmail.com or @bitcoindadpod on twitter
A listener wrote in to ask about mistakes we've made and how to avoid them We suggest self custody with lots of testing and documentation Corrections None today! Outro Podcasting 2.0 to support an indepenent podcasting ecosystem (https://podcastindex.org/) The Fountain (https://www.fountain.fm/) podcast app Breeze Wallet (https://breez.technology/) is also an option Sponsors and Acknowledgements Music by Lesfm from Pixabay Self Hosted Show (https://selfhosted.show/) courtesy of Jupiter Broadcasting (https://www.jupiterbroadcasting.com/)
Good News Everyone Bill From 'Bitcoin Senator' Lummis (https://decrypt.co/94834/bill-bitcoin-senator-lummis-alter-capital-gains-landscape-crypto?amp=1) Would Alter Capital Gains Landscape for Crypto End of the Dollar - Weirdly, not alarmist The petrodollar system is crumbling faster than expected (https://www.wsj.com/articles/saudi-arabia-considers-accepting-yuan-instead-of-dollars-for-chinese-oil-sales-11647351541) as Saudia Arabia considers Yuan options for oil pricing Sanctions are blowing up the dollar system because experts explain they only work when used well (https://www.banking.senate.gov/imo/media/doc/Singh%20Testimony%209-12-18.pdf), i.e. in our current disfunctional world, they will not work Somewhat desperate US negotiaions for oil with Iran (https://www.politico.com/news/2022/03/07/white-house-oil-deals-saudi-arabia-venezuela-iran-00014803) Bitmex founder Arthur Hayes (https://blog.bitmex.com/energy-cancelled/) appears to be a listener as he stole our third episode for his latest article :D, tldr Petrodollar system is toast Lyn Alden describes the petrodollar system (https://www.lynalden.com/fraying-petrodollar-system/) Bad News Warren tries to destroy open source (https://www.coincenter.org/new-crypto-sanctions-bill-targets-publishing-code-facilitating-transactions/) with anti-crypto bill with language so vague microsoft might be able to finally kill linux Share Your Opinion Contact U.S. Senator Elizabeth Warren of Massachusetts (https://www.warren.senate.gov/contact/shareyouropinion) U.S. Treasury: Bitcoin Not Illicit (https://bitcoinmagazine.com/culture/us-treasury-bitcoin-not-illicit) Wasabi wallet adds ban-list (https://archive.ph/myERy) and it's worse than you'd think (https://bitcoinmagazine.com/business/wasabi-wallet-explains-new-bitcoin-censorship) because they did it voluntarily. Use JoinMarket and Samourai (via Sparrow) Recomended Tools Samourai Wallet (https://samouraiwallet.com/) an android mobile wallet with privacy features Hodlhodl (https://hodlhodl.com/) a peer-to-peer exchange for non-KYC purchase of bitcoin Sponsors and Acknowledgements Music by Lesfm from Pixabay Self Hosted Show (https://selfhosted.show/) courtesy of Jupiter Broadcasting (https://www.jupiterbroadcasting.com/)
News Twitter adds the ability to access the platform natively through Tor (https://twitter3e4tixl4xyajtrzo62zg5vztmjuricljdp2c5kshju4avyoid.onion/) Beware Bitcoin's eternal September (https://archive.ph/ce4vk) - privacy is fundamental to bitcoin counterbalacing centralized financial control US Senators want to lock down (https://archive.ph/jW7Ve) Russia's gold reserves Gladstein's Petrodollar (https://bitcoinmagazine.com/markets/petrodollar-deep-dive-with-alex-gladstein) history Are Russian sanctions the begining of the end of the petrodollar (https://www.coindesk.com/layer2/2022/03/09/americas-quiet-default/) How the U.S. dollar became the world's reserve currency : Planet Money (https://www.npr.org/2022/03/09/1085605288/the-dollar-at-the-center-of-the-world-classic) ICO History The story of Justin Sun (https://www.theverge.com/c/22947663/justin-sun-tron-cryptocurrency-poloniex) and the Tron ICO Feedback Remember to ask for feedback bitcoindadpod@protonmail.com or @bitcoindadpod on twitter Corrections None today! Outro Podcasting 2.0 to support an indepenent podcasting ecosystem (https://podcastindex.org/) The Fountain (https://www.fountain.fm/) podcast app Sponsors and Acknowledgements Music by Lesfm from Pixabay Self Hosted Show (https://selfhosted.show/) courtesy of Jupiter Broadcasting (https://www.jupiterbroadcasting.com/)
Feedback Remember to share feedback at bitcoindadpod@protonmail.com or @bdadpod on twitter Advice for LostFaithinPaperMoney Helpful links for begining to self-custody your bitcoin Intro (https://bitcoin-intro.com/) to holding bitcoin Sparrow Wallet (https://sparrowwallet.com/docs/quick-start.html) quick start guide Wallet Software and a good Hardware Wallet Sparrow Bitcoin Wallet - Sparrow Wallet (https://sparrowwallet.com/) COLDCARD Wallet – Hardware Wallet - The Most Trusted and Secure Hardware Wallet (https://coldcard.com/) Exodus (https://www.exodus.com/) News Finally some good privacy news (https://lists.linuxfoundation.org/pipermail/bitcoin-dev/2022-February/020026.html) from Chris Belcher about his new coinswap protocol This Month in Bitcoin Privacy is back! (https://enegnei.github.io/This-Month-In-Bitcoin-Privacy/February_2022/) Awesome newsletter by the pseudonymous opensource journalist Janine More challenges with Wasabi v2, incredibly privacy info NFT marketplace OpenSEE is not decentralized and subject to sanctions policy (https://www.coindesk.com/policy/2022/03/03/opensea-bars-iranian-users-as-us-sanctions-talk-ramps-up/) Etherium infrastructure providers will block certain areas (https://www.coindesk.com/policy/2022/03/03/metamask-infura-block-certain-areas-amid-crypto-sanctions-fury/) from using their "decentralized" blockchain Sanctions on the Russian Central Bank (https://www.bloomberg.com/news/articles/2022-02-28/central-bank-sanctions-breach-fortress-russia-halt-intervention) may have frozen 30-50% of Russian FX reserves History - Payments vs Global Money Chris is so right about bitcoin 10 years ago (https://www.youtube.com/watch?v=XgShbj-8c28&t=1588s) but the narrative was mostly about transactions, not investment/value transfer into the future Nick Szabo's Shelling Out (https://nakamotoinstitute.org/shelling-out/) describes a theoritcal framework to analyze a commodity gradually becoming money Paper is hosted by the Nakamoto Institute (https://nakamotoinstitute.org/) which has some great bitcoin research The narrative between transactional money and gold/value money changed during the Block Size War (https://blog.bitmex.com/the-blocksize-war-chapter-1-first-strike/) Mike Hearn of Bitcoin XT analyzes the death of the bitcoin network (https://blog.plan99.net/the-resolution-of-the-bitcoin-experiment-dabb30201f7#.5jvqjf9lg) in 2016 Early video defending bitcoin's small block (https://www.youtube.com/watch?v=cZp7UGgBR0I) decentralization, look at the comments for a sense of how loud the big block argument was An early podcast debate on block size Increases (https://www.bitcoin.kn/2015/09/adam-back-gavin-andresen-block-size-increase/) between Gavin Andreeson and Adam Back Corrections Proof of Stake is great for pump and dumps Tuur Dem has a concise piece (https://tuurdemeester.medium.com/critique-of-buterins-a-proof-of-stake-design-philosophy-49fc9ebb36c6) outlining some logical fallacies in POS security Sponsors and Acknowledgements Music by Lesfm from Pixabay Self Hosted Show (https://selfhosted.show/) courtesy of Jupiter Broadcasting (https://www.jupiterbroadcasting.com/)
Feedback Email us at bitcoindadpod@protonmail.com or @bitcoindadpod (https://twitter.com/bitcoindadpod) Intro Wasabi Wallet de-anonimized? (https://twitter.com/LaurentMT/status/1496252516702605318) A Brief explanation of Coinjoin Samourai Wallet - Whirlpool (https://samouraiwallet.com/whirlpool) JoinMarket - Bitcoin Wiki (https://en.bitcoin.it/wiki/JoinMarket) Thanks to Coder Radio (https://coder.show): Coinbase CEO admis that apple calls the shots (https://www.theverge.com/22939290/web3-coinbase-apple-moderation-nfts) The ETH DAO hacker found? (https://t.co/sZpqmU7pdl) Apparently found due to a flaw in the wasabi coinjoin protocol How do you know that DAOs are probably all hype? The Nation (https://www.thenation.com/article/society/dao-crypto-union/) is talking about them. A few more thoughts (https://www.coindesk.com/business/2021/09/26/daos-may-be-the-future-of-work-but-dont-bet-on-them-being-the-next-big-asset-class/) on DAOs On the subject of businesses not sticking their necks out (https://www.coindesk.com/business/2022/02/22/canadas-osc-warns-crypto-exchanges-not-to-promote-self-custodial-wallets-report/) for users, Cannada scolds exchanges Ukranians are running to the dollar (https://www.coindesk.com/markets/2022/02/24/tethers-usdt-stablecoin-well-over-1-on-ukrainian-crypto-exchange/) stablecoins Xpub, Master Public Key, Private Key explained (https://www.swanbitcoin.com/whats-in-an-xpub/) Caitlyn Long shares some economic history (https://twitter.com/CaitlinLong_/status/1496836080238481408) Corrections Unbanked/Underbanked (https://www.census.gov/data/datasets/time-series/demo/cps/cps-supp_cps-repwgt/cps-banked.html) population in the USA is much more complicated than we thought and probably less than 30 million Russia's GDP is not $4 Trillion, it's much much less (https://statisticstimes.com/economy/country/russia-gdp.php) Sponsors and Acknowledgements Music by Lesfm from Pixabay Self Hosted Show (https://selfhosted.show/) courtesy of Jupiter Broadcasting (https://www.jupiterbroadcasting.com/)
News and Refences Crypto bill incoming: Russia’s finance ministry kicks off public comment period (https://cointelegraph.com/news/russian-finance-ministry-opens-public-comment-period-for-the-crypto-bill) | Palley on Twitter: (https://twitter.com/stephendpalley/status/1494775036254859265) "11th Circuit Court of Appeals reverses trial court decision in Bitconnect case and holds that peddling shitcoins in a non-targeted way on the interwebs (YouTube, Twitter etc) exposes promoters to liability from purchasers of unregistered securities. https://t.co/Oh7BA4GGo2" / Twitter United States Court of Appeals for the Eleventh Circuit - Wikipedia (https://en.wikipedia.org/wiki/United_States_Court_of_Appeals_for_the_Eleventh_Circuit) Wyoming lawmakers introduce legislation for state-issued stablecoin (https://cointelegraph.com/news/wyoming-lawmakers-introduce-legislation-for-state-issued-stablecoin) Coinkite Store – Get your Coinkite, Opendime and Coldcard product here! (https://store.coinkite.com/store/opendime) Russian Supreme Court Classifies Illicit Crypto Use Under Money Laundering Laws (https://cointelegraph.com/news/russian-supreme-court-classifies-illicit-crypto-use-under-money-laundering-laws) American Nations (https://colinwoodard.com/books/american-nations/): Looking at the United States as a conglomeration of different countries and societies with different values and incentives. Digital ruble trial goes live as Bank of Russia insists on Bitcoin ban (https://cointelegraph.com/news/digital-ruble-trial-goes-live-as-bank-of-russia-insists-on-bitcoin-ban) Palley on Twitter: "11th Circuit Court of Appeals reverses trial court decision in Bitconnect case and holds that peddling shitcoins in a non-targeted way on the interwebs (YouTube, Twitter etc) exposes promoters to liability from purchasers of unregistered securities. https://t.co/Oh7BA4GGo2" / Twitter (https://twitter.com/stephendpalley/status/1494775036254859265) Specter Desktop Wallet (https://specter.solutions/) and the specter wallet github (https://github.com/cryptoadvance/specter-desktop) Sponsors and Acknowledgements Self Hosted Show (https://selfhosted.show/) courtesy of Jupiter Broadcasting (https://www.jupiterbroadcasting.com/) Music by Lesfm from Pixabay