Show Notes
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/)
Activity
@thorntonmarilyn
1,000 sats
Apr 25 2022
Liquid and RSK can already do tokens as a side chain to Bitcoin. Spacechains are another way to build almost any blockchain you want from Bitcoin mining fees. Taro is just the newest idea to do tokens on Bitcoin.
@aguynamedryan
1,000 sats
Apr 25 2022
Hey Chris, you know when you make a joke and it sounds good in your head then sounds like a hateful slight directed at your favorite podcaster when it’s read aloud? Well, that’s what I experienced this week when you guys read my last boost. Sorry for mocking you about pronouncing usernames. You handled it with class. Oh, and I called them Brave Attention Tokens and the proper name is actually Basic Attention Token. I’m an idiot all around. AGuyNamedRyan
@coryelyykebycyndryke
25 sats
Sep 20 2022
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