Show Notes
Wild speculation that @elonmusk killed #terraluna with their #Bitcoin sale at 30k, killed all the degens, What a legend 🤣 (https://twitter.com/julianhosp/status/1549907211975294977)
Crypto skeptic David Gerard has a current list of exchanges with red flags (https://davidgerard.co.uk/blockchain/2022/07/07/crypto-collapse-exchange-troubles-binances-friends-with-machine-guns/)
News
Chinese citizens are emigrating but concerned about taking their wealth (https://www.bloomberg.com/news/articles/2022-07-19/xi-s-strict-covid-zero-policy-in-china-pushes-wealthy-to-leave-country?sref=CV3b9v13) with them while a collapsing real estate bubble (https://www.theguardian.com/world/2022/jul/19/mortgage-strikes-threaten-chinas-economic-and-political-stability) that might take down the financial sector is slowing economic growth
Economics
Russia using dollars as unit of account but UAE dirhams as payment (https://www.reuters.com/business/energy/exclusive-russia-seeking-oil-payments-india-dirhams-sources-document-2022-07-18/)
The real story might be China's compounding economic decline (https://static1.squarespace.com/static/62b9e19d9649156910ed385a/t/62d22f68dd30f9676a685198/1657941865563/EDU+Weekly+Dive+Money+Macro+Pro+2022-07-15+china+gdp+ip+rs+fai+unemployment.pdf) masked by the Zero-Covid policy
ECB hikes rates to 0%, first raise in 10 years, but clearly not enough to tame inflation (https://www.reuters.com/markets/europe/ecb-finally-join-rate-hike-club-with-big-move-agenda-2022-07-20/)
While simultaneously printing money with the Transmission Protection Instrument (TPI) plan, intended to cap the rise in borrowing costs across the currency bloc as policy tightens.
Tokenomics
Scaramuchi's Skybridge Capital gates fund (https://web3isgoinggreat.com/?id=anthony-scaramuccis-skybridge-capital-suspends-redemptions-from-crypto-exposed-fund)
Amy Castor on the Solend Whale story (https://amycastor.com/2022/06/20/the-tale-of-a-whale-who-took-solends-money/), she's a hater but gets this story right
Chainlink God's L1 Rotation Thesis (https://chainlinkgod.medium.com/the-layer-1-chain-rotation-thesis-a-retrospective-analysis-3cbd2dcdc1f8) is a good retrospective on the 2021 mania written by a degenerate altcoiner
Energy
Debunking Digiconomist Bitcoin Energy FUD (https://www.youtube.com/watch?v=lDhCvNFUDvo) by Ben Gagnon Chief Mining Officer of Bitfarms
Privacy
Chainalysis' article on mixers (https://blog.chainalysis.com/reports/cryptocurrency-mixers/), cited in last week's Ars article, conflates coinjoin with mixing and is a load of nonsense
Brother Rabbit, anon of the Samourai Dev Team, describes coinjoin privacy (https://bitcoinmagazine.com/technical/how-bitcoin-anonymity-sets-work)
Bitcoin Education
Bitcoin Optech #208 (https://bitcoinops.org/en/newsletters/2022/07/20/) focuses on discussions of the inflationary (or not) effects of tail emissions (https://lists.linuxfoundation.org/pipermail/bitcoin-dev/2022-July/020665.html) and dealing with fee sniping (https://lists.linuxfoundation.org/pipermail/bitcoin-dev/2022-July/020702.html)
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
Jamal Kashogi, the murdered Saudi journalist, wrote for the Washington Post, not the New York Times
The S in 'PIGS' stands for Spain
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/) November 15, 16 & 17, 2022 in El Salvador, use promo code BITCOINDAD for a 21% discount
Music by Lesfm from Pixabay
Self Hosted Show (https://selfhosted.show/) courtesy of Jupiter Broadcasting (https://www.jupiterbroadcasting.com/)
Activity
@petar
25,000 sats
Jul 25 2022
Interesting opinions, a great mix of topics, entertaining host chemistry and excellent production quality.. top notch show!
@petar
Jul 25 2022
Also, I like this show despite the left wing framing (e.g. women's health clinic vs abortion clinic). It's beneficial in life to be able to listen to and consider ideas you don't necessarily agree with.
@marcel
Jul 27 2022
I think whatever side of the Isle you're on, you should fear invasive tracking and retroactively applying laws. Today, this change comes from the right, but tomorrow it could come from the left. To be clear, I lean left, but I don't think it matters in this context. The point is personal privacy
@petar
Jul 27 2022
100% agree, we must remain ever vigilant against tyrannical goverments and bitcoin can help. Your point is well made.
@marcel
3,000 sats
Jul 27 2022
I was alarmed to learn that one company owns 1/5 the hash rate. I know that decentralised nodes is more important, but aren't there drawbacks to centralised mining? I guess if they did funny business, nodes would throw out their blocks and that would give an opportunity to mine on cheap hardware. I can't think of any reason why its bad, but it leaves me uneasy. I would love your opinion and some more details on this
@marcel
3,000 sats
Jul 27 2022
I like your unlocking the phone privacy argument. I would love the chance to talk to the moronic politicians trying to ban encryption so I can ask them if they really want me seeing their banking login going by in plain text. I hate how privacy is conflated with elicit activity.
@marcel
3,000 sats
Jul 27 2022
I like your unlocking the phone privacy argument. I would love the chance to talk to the moronic politicians trying to ban encryption so I can ask them if they really want me seeing their banking login going by in plain text. I hate how privacy is conflated with elicit activity.
@captain_stacks
1,776 sats
Aug 3 2022
Enjoyed the wide range of topics! 🔥
@sirlurksalot
1,337 sats
Jul 26 2022
You must've missed my boost from June 13th to the first (chapterless) version of "Bitcoin Bill or Altcoin Shills?". I had questions about the number size and effect of the whales. And what if assumptions about Satoshi Nakamoto turn out to be wrong? What if Satoshi's wallet suddenly shows activity? You did read my later boost to the chaptered version thanking you for the chapters. No hard feelings, I know you had issues with boosts. But I am curious as to your thoughts on these questions.
@sirlurksalot
1,337 sats
Jul 26 2022
Question... What happens as people die without leaving their keys to anyone, along with the constant stream of accidentally losing keys and otherwise stranding Bitcoin? Are there models estimating "loss" of Bitcoin over time? I'm thinking of this also in relation to Monero's long tail emission.
@sirlurksalot
1,337 sats
Jul 26 2022
Sometimes we might disappear because we're temporarily out of SATs. Had problems buying Bitcoin; Strike turned me down (!? no explanation given). I've used moon pay but had to call my bank to get the transaction approved because I'm a US debit card holder and they're based out of Ireland, apparently... I need to figure out this Bisq thing, I guess.
@kryptokyle
500 sats
Jul 25 2022
clamav is used, but it is fairly heavy and clumsy scanner, and is mostly used when there is regulation compliance. musmch better approach is zero trust combined with least privilege; if clamav is needed, the game is already lost.
@thisisthefuture
10 sats
Jul 28 2022
interesting views on China
@coryelyykebycyndryke
5 sats
Sep 10 2022
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@coryelyykebycyndryke
5 sats
Sep 10 2022
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@coryelyykebycyndryke
5 sats
Sep 10 2022
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@bdale86
5 sats
Jul 29 2022
Keep up the good work!