Episode 33: All Roads Lead to Bitcoin

Aug 6 2022 • 1hr 5m

Show Notes

News
Israel bans more cash transactions (https://www.jpost.com/business-and-innovation/banking-and-finance/article-713354)
Consistent with financial surveillance trends
Israel did YYC in the 1980s
Australian police to expand asset seizures to cryptocurrency (https://www.theage.com.au/politics/victoria/police-to-get-sweeping-new-asset-seizure-powers-20220802-p5b6g5.html)
Economics
ECB paper ponders the holy grail (https://www.ecb.europa.eu/pub/pdf/scpwps/ecb.wp2693~8d4e580438.en.pdf?972bbc119868c193467dc86f4a7cf706) of cross-border settlement
Concludes bitcoin is not credible due to volatility and POW
Somehow forgets issues inherent in fiat system
SwissRE concludes that the last 14 years of financial policy have been a tax (https://www.swissre.com/institute/research/topics-and-risk-dialogues/economy-and-insurance-outlook/expertise-publication-financial-repression-here-to-stay.html) on ordinary people
3.5% for housholds which means you lose 67% over 14 years
1.5% for institutional bondholders which means you lose 23% over 14 years
Tokenomics
Major Solana projects were the work of two brothers (https://www.coindesk.com/layer2/2022/08/04/master-of-anons-how-a-crypto-developer-faked-a-defi-ecosystem/) pretending to be 11+ developers
Energy
Recession or not, the US is hitting the limit of available fossil fuel energy (https://www.reuters.com/article/usa-diesel-kemp/column-u-s-diesel-shortage-shows-economy-hitting-capacity-limit-kemp-idUSL1N2ZG19Z)
This is a PSA that we need grown up energy policy worldwide
An idea how gold fits into modern portfolio construction (https://portfoliocharts.com/portfolio/golden-butterfly/), it's scarcity fundamentally comes from energy
Bitcoin Education
Stablesats makes USD to bitcoin (https://bitcoinmagazine.com/technical/galoy-brings-us-dollars-to-bitcoin) accounts
Have we ever actually explained bitcoin? (https://bitcoin.org/en/how-it-works)
Checkout Jameson Lopp's research on metal seed backups (https://jlopp.github.io/metal-bitcoin-storage-reviews/)
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/) 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

@marcel

3,030 sats

Aug 8 2022

I would listen to all three of those podcasts you propose if you're willing to put the time in to make them.

@thorntonmarilyn

2,222 sats

Aug 8 2022

If you aren't careful, bitcoiners are going be slandered as a cult like a certain philosophy show which shall not be named! 😳

@sirlurksalot

1,337 sats

Aug 7 2022

Thanks for yet another great show! I really have been learning a lot from you guys. Especially on the economics. I really appreciate the high signal to noise ratio. 👨‍🎓📻🧠

@sirlurksalot

1,000 sats

Aug 7 2022

I like the holistic approach with a mix of things covered, and your normal sections focusing in on different areas. I could listen to 3 shows but it is nice to have one that has the meat you want on bitcoin, lightning, tech, and economics together. Exposure to the greater scenes and stories around these topics is great. "Well rounded", I would say. I would go for deep dives or periodic special focus shows as "extras" in the feed, or even in their own. But I like what ya got now. Cheers!

@canadasmile

221 sats

Aug 13 2022

Fun to listen to you guys. Thanks much !!

@bitcoindadpod

220 sats

Aug 9 2022

teating this node

@ibuki

210 sats

Aug 7 2022

Little correction: oil is made of dead plants, not dead dinosaurs 😉

@sirlurksalot

100 sats

Aug 7 2022

So turns out I am just a lamer bit-kiddy after all. I've been throwing around all these "leet" boosts like I am actually elite or something, when in truth I 've just been yolo-ing this bitcoin and lightning stuff, only barely understanding what I'm doing. But! This is how we learn and get better. So! Challenge accepted. I shall learn the one true path to the boostagram. I will accept BoostCLI into my heart and be lifted. Then, I will be worthy of boosting leet sats. Only then........

@megavalanche

30 sats

Aug 9 2022

...

@thedude

21 sats

Aug 7 2022

cheers and gratitude from a fellow bitcoin dad. you guys rock.

@tmannotheman

21 sats

Aug 28 2022

Nice show, gents! 🤘