Fountain
Episode 26: Sidechains for Sandwiches v2
Bitcoin Dad Pod

Episode 26: Sidechains for Sandwiches v2

Jul 4 2022 • 1hr 25m

Show Notes

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/)
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@trugrytz
3,000 sats
Jul 8 2022
I would live to come see you two sometime! I rarely make it to Seattle (I'm a Spokanite) but I occasionally make it out for a concert or something. I enjoy my Monero node/mining, and am looking forward to my 2.0 setup I'm planning right now. currently I run it on my main rig, so anytime I want to use it I have to turn off the mining. However 2.0 will be a dedicated node rig, that I'll always have running, with mining also set up on that. I love randomly checking on it throughout the day :)
@marcel
2,223 sats
Jul 10 2022
After yesterday's Rogers outage here in Canada, very happy to be a self-hoster watching stuff on jellyfin from my LAN and to not rely on debit for my banking. That a single ISP could take down the debit network really reminded me of your show and your discussions about centralised banking.
@pltrent
2,100 sats
Jul 5 2022
Enjoy the show.
@ibuki
2,100 sats
Jul 8 2022
Thanks for the show! I would like to see more sources cited in the show notes and on air, especially for controversial topics like energy.
@ltguy005
706 sats
Jul 5 2022
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@kryptokyle
500 sats
Jul 10 2022
So when is bitcoindad going to guest host on self hosted or be a guest on unplugged? He runs/ran quite a lab!
@trugrytz
300 sats
Jul 8 2022
Oh, also I love how the show notes look better now. Don't know if that was changes on your end, or Fountain's, but it looks good!
@scottwolfe
100 sats
Jul 5 2022
Love the show. One of my new “go to” resources for reliable info and analysis regarding Bitcoin and macro economic/social commentary.
@coryelyykebycyndryke
5 sats
Sep 12 2022
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@coryelyykebycyndryke
5 sats
Sep 12 2022
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@coryelyykebycyndryke
5 sats
Sep 12 2022
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