Fountain
Episode 53: Scams and Spirals
Bitcoin Dad Pod

Episode 53: Scams and Spirals

Dec 4 2022 • 1hr 32m

Show Notes

Pre-show Banter
Alameda 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
News
Another 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 Bitcoin
Revealed: The $14M mystery behind a new crypto super PAC (https://www.politico.com/news/2022/04/19/crypto-super-pac-campaign-finance-00026146)
Economics
Arthur Hayes writes the American history of racial politics (https://blog.bitmex.com/white-boy/) that contextualizes the rise of SBF
Lyn Alden's November Newsletter (https://www.lynalden.com/november-2022-newsletter/) details the US Long Term Debte spiral
CBDCs Sputnik Moment (https://www.lawfareblog.com/mbridge-somewhere-central-banking-having-its-sputnik-moment) leading to experiments in the wild
Energy
Switzerland might put bans on EVs (https://twitter.com/eadatt/status/1598401789526933504) in the midst of energy scarcity this winter
Tokenomics
Ankr 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/)
Technology
Coinbase Removed NFTs from iOS App (https://twitter.com/coinbasewallet/status/1598354820905197576) because apple is a platform monopoly
Bitcoin Education
Bitcoin Optech Newsletter #228 (https://bitcoinops.org/en/newsletters/2022/11/30/)
Channel jamming attacks (https://bitcoinops.org/en/topics/channel-jamming-attacks/) explained on bitcoinops
Hash Time Locked Contracts (https://en.bitcoin.it/wiki/Hash_Time_Locked_Contracts) explained on the Bitcoin Wiki
HTLCs 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 attacks
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/)
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/)
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@kryptokyle
22,223 sats
Dec 9 2022
Sat support incoming! Great episode and keep it up.
@mrbadgermustard
5,789 sats
Dec 5 2022
great show as always. what do you guys think about the futurebit Apollo node and miner? looks cool but a little pricey
@emcot3d
4,411 sats
Dec 5 2022
Acquiring bitcoin thru peer-to-peer exchanges like Bisq, RoboSats, Peach, etc. is the way to go. Unfortunately I have a dirty KYC stack. Should I prioritize exchanging my KYC sats for dollars via P2P to help provide btc liquidity on these marketplaces? Or am I creating an accounting/tax reporting nightmare? Looking for a small way to contribute to the global KYC-free movement. I would then exchange my new fiat back into bitcoin but in a privacy preserving way OBVS! Love the show!
@kaas_peeland
3,690 sats
Dec 5 2022
thanks for your work
@rastacalavera
1,000 sats
Dec 5 2022
is there some dirty Linux academy/ cloud guru laundry that needs to be aired? when does the NDA expire?
@tyr
1,000 sats
Dec 21 2022
If you have not read it yet, take a look at The Creature from Jekyll Island by G. Edward Griffin. The book is about the founding of the federal reserve.
@tepulous
100 sats
Dec 7 2022
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@user1323932174092960
100 sats
Dec 7 2022
great episode!! re-listen for sure!
@risco
100 sats
Dec 4 2022
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