Why More and More Companies are Shilling Proof of Stake
by @chrislas • May 23 2022 • 3m 0s
Episode Show Notes
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/)
Activity
@user7184258083880772
Jan 27 2023
proof of stake is mining and uses the same amount of resources, it’s just stuck on your cpu and network. and difficult to get hardware to accelerate. alt coins are fine. shetcoins are different, but it is needed too. just like in the stock market. there are assets you can buy cheap. sell when it goes up. and you get a better start than trying to buy or mine or faucet for your coins. yes there is a risk it’s a shell company or lieing about its product. but that doesn’t matter if you make money