Fountain
Episode 34: Insiders Always Dump
Bitcoin Dad Pod

Episode 34: Insiders Always Dump

Aug 16 2022 • 1hr 10m

Show Notes

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/)
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@petar
10,000 sats
Aug 16 2022
Proving fiatjaf wrong one boost at a time. ✌️
@cpt_wiggles
2,222 sats
Aug 16 2022
i am very selective with any sats i part with but for the fact you are willing to return accidental boosts , i happily give you my ducks , you two do an amazing job !
@mrquackers
2,222 sats
Aug 18 2022
if you play wordle before you boost, it is very easy to double boost.
@mrquackers
2,222 sats
Aug 18 2022
trust me. I know. You guys might have talked about it on an episode I missed, but I am so confused about how fees work, or what a vbyte is, or how bitcoin has changed since 2010. Maybe in a future boost I will talk about how I bought bitcoin early, and then reformatted my computer forgetting about it.
@trugrytz
1,701 sats
Aug 25 2022
Hello! I've been having a very busy and packed summer, so I haven't been able to boost in as often. Been recently catching up on my podcasts, since I've gotten a bit behind. If you were to do separate shows, I would prefer it to be a slow rollout, with certain topics eventually separating into their own shows. However, I still prefer the one show to rule them all monolith currently!
@adoptingbitcoin
1,337 sats
Aug 21 2022
we love fiatjaf
@ibuki
1,000 sats
Aug 16 2022
Being sanctions counterproductive, what do you think are better alternatives?
@adoptingbitcoin
500 sats
Aug 21 2022
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@kryptokyle
500 sats
Aug 16 2022
I just mentally associate ETH with btc 'What IF' testing environment, ie "lets make all the mistakes and bad decisions here, so Bitcoin can see the results of those bad decisions"
@texasguy72
33 sats
Aug 16 2022
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@newsflashgordon
20 sats
Aug 16 2022
Great insights on the problems with ETH. Makes me want to buy more BTC 💥💪
@afcardoso
10 sats
Sep 5 2022
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@coryelyykebycyndryke
5 sats
Sep 8 2022
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@coryelyykebycyndryke
5 sats
Sep 8 2022
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@coryelyykebycyndryke
5 sats
Sep 8 2022
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