Episode 4: Petrodollars, ICOs, and Podcasting 2.0

Pre-Show CSW is bombing his cross-examination (https://blog.bitmex.com/copa-vs-csw-day-2-thoughts/) in the COPA case, trying to explain the miraculous circumstances that created the hundreds of a News FTX customers are being paid back in full (https://www.msn.com/en-us/money/companies/ftx-may-be-able-to-repay-all-crypto-customers-and-creditors/ar-BB1hRXKx)! ...at the bitcoin price of $16k Citrea claims to be a prototype zero knowledge Etherium Virtual Machine (zk-EVM) built on bitcoin (https://www.nobsbitcoin.com/introducing-citrea/) but its not working and might never work (https://stacker.news/items/415012?ref=nobsbitcoin.com) Seth is exited about Citrea (https://twitter.com/sethforprivacy/status/1754908226645025064) Economics Chinese stock market drops prompt sudden replacement (https://archive.ph/EzGbf) of a chief regulator, further attempts at bank stimulus (https://tradingeconomics.com/china/central-bank-balance-sheet#:~:text=Central%20Bank%20Balance%20Sheet%20in%20China%20averaged%20241632.09%20CNY%20Hundred,source%3A%20People's%20Bank%20of%20China) MacroEdge on X: "Nvidia’s now worth as much as the entire Chinese stock market" / X (https://twitter.com/MacroEdgeRes/status/1755978530469331220) OpenAI founder Sam Altman is 'seeking $7 trillion investment' - ReadWrite (https://readwrite.com/sam-altman-is-seeking-7-trillion-investment/) But it won't work because China has been battling monetary contraction since 2014 (https://fred.stlouisfed.org/series/TRESEGCNM052N) This forecasts US Fed stimulus in the near to medium future Canada seems jealous of the US' attempt to politicize energy policy (https://twitter.com/Dennis_Porter_/status/1754334381844369436) with a bill that makes promotion of fossil fuels (https://www.parl.ca/DocumentViewer/en/44-1/bill/C-372/first-reading) a crime Privacy Nitter, our favorite private twitter viewing frontend, is dead (https://nobsbitcoin.com/nitter-is-shutting-down-following-x-changes-to-guest-accounts/) Chris on Nostr (https://chrislas.com) Altcoins Crypto is preparing for a bull run with Arthur pumping a new altcoin airdrop model (https://blog.bitmex.com/points-guard/) that's less similar to an IPO and likely informed by the Ripple win against the SEC (https://www.reuters.com/legal/legalindustry/ripple-effects-developments-following-groundbreaking-decision-sec-v-ripple-labs-2023-12-05/) Bitcoin Education What are rollups? Glad you asked.. (https://bitcoinrollups.org/) Originally described by Goldwasser, Micali, and Rackoff in their 1985 paper "The Knowledge Complexity Of Interactive Proof Systems", zk proofs are a type of cryptographic proof defined as "those proofs that contain no additional knowledge other than the correctness of the proposition in question". Greg Maxwell, who wrote about "zero knowledge contingent payments" in the Bitcoin Wiki in 2011. Maxwell later worked with Sean Bowe, Pieter Wuille, and Madars Virza to implement the protocol in 2016.34 In May 2013, Miers et al published the Zerocoin paper, showing how zk proofs could be integrated directly into the bitcoin protocol to hide the addresses involved in a bitcoin transaction 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/) Thank you Boosters If you get some value from this show, please consider sending a boost. Hearing from you means a lot to us! Send a Boost via the Podcast Index web page. No Podcast app upgrade required. Install Alby (https://getalby.com/) Find the Bitcoin Dad Pod on the Podcast Index (https://podcastindex.org/podcast/5049889) Boost right from the page! Send a re-ocurring or one-off lightning boost to the show with no message at bdadpod@getalby.com or directly to Chris at chrislas@getalby.com 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) + Alby (https://getalby.com/) for boosts 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/)

Pre-Show Harvard report on housing in the USA (https://www.jchs.harvard.edu/sites/default/files/reports/files/Harvard_JCHS_Americas_Rental_Housing_2024.pdf) makes the obvious conclusion that homelessness is all about prices, wages are stagnant or falling while housing is getting more expensive due to both constrained supply and the use of real estate as an investment vehicle Dashboard | Truflation (https://truflation.com/dashboard) Gavin Newsom Witnesses Shoplifting (https://www.youtube.com/shorts/PxjySys6qM0) SNL - Debanking Weekend Update (https://www.youtube.com/watch?v=QLt6xK33mUc) News While the U.S. Whitehouse pushes for a new edict to register all bitcoin mining (https://tftc.io/eia-bitcoin-mining-survey/) in the USA, including GPS coordinates of miners, power demand from AI companies is keeping coal burning powerplants operation (https://archive.ph/spRaU) past their intended EOL Economics Arthur Hayes' thinks that Bitcoin will go down and then up (https://blog.bitmex.com/yellen-or-talkin/) ... no duh Rember Evergrande? A Hong Kong court has ordered liquidation (https://www.reuters.com/business/embattled-china-evergrande-back-court-liquidation-hearing-2024-01-28/) of the company's assets, which spells trouble for Chinese savers The US Federal Reserve's Bank Term Funding Program will stop bailing out US Bank (https://www.frbdiscountwindow.org/GeneralPages/bank_term_funding_program#:~:text=What's%20New%3A%20On%20January%2024,scheduled%20on%20March%2011%2C%202024.)'s underwater treasury portfolio's in March while US Regional banks are still under financial pressure (https://www.reuters.com/markets/us/us-regional-bank-sell-off-cautionary-sign-more-pain-come-2024-02-02/) U.S. regional banking shares tumble for second straight day (https://www.cnbc.com/2024/02/01/us-regional-banking-shares-tumble-for-second-straight-day.html) Western Alliance Bancorp’s shares fell 4.8%, while those of Valley National Bancorp dropped 5%. Comerica’s (CMA.N), opens new tab shares fell 2.1%. The S&P 500 Banks index fell roughly 1.2%. The fall of U.S. regional banks stocks on Wednesday translated into $685 million in paper profits for short sellers, according to data and analytics company Ortex. US regional banks tumble for second straight day on NYCB woes | Reuters (https://www.reuters.com/business/finance/us-regional-banking-shares-under-lens-after-nycb-slide-2024-02-01/) Holger Zschaepitz on X (https://twitter.com/Schuldensuehner/status/1750635611592020171) Borrowing from Fed's emergency lending program rose to a fresh record, just before Fed raised the facility’s interest rate to stop financial institutions from taking advantage and arbitraging on its attractive terms. Demand for Bank Term Funding Program rose $6.3bn to an ATH of $167.8bn. Borrowing has jumped by $50bn since mid-November after program’s rate increasingly fell below the rate at which institutions could earn money by parking reserves at Fed. Any increase from here is not arbitrage-driven. (BBG) Image https://pbs.twimg.com/media/GEuBrOUWUAA_5E7?format=png&name=small Privacy Has Finnish law enforcement cracked Monero traceability (https://protos.com/did-law-enforcement-in-finland-crack-moneros-privacy-technologies/) or did a hacker accidentally upload his home folder (https://krebsonsecurity.com/2022/11/hacker-charged-with-extorting-online-psychotherapy-service/) during an extortion drop? Bitcoin Education Bitcoin Optech #287 covers a new replace by fee model (https://bitcoinops.org/en/newsletters/2024/01/31/) as well as more discussion of 'exogenous fee' incentives 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/) Thank you Boosters If you get some value from this show, please consider sending a boost. Hearing from you means a lot to us! Send a Boost via the Podcast Index web page. No Podcast app upgrade required. Install Alby (https://getalby.com/) Find the Bitcoin Dad Pod on the Podcast Index (https://podcastindex.org/podcast/5049889) Boost right from the page! Send a re-ocurring or one-off lightning boost to the show with no message at bdadpod@getalby.com or directly to Chris at chrislas@getalby.com 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) + Alby (https://getalby.com/) for boosts 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/)

Pre-Show Swan Bitcoin Launches Swan Mining Out of Stealth Mode (https://www.nobsbitcoin.com/swan-mining-announced/) "We're mining around 4.5 EH - closing in on 1% of the network- with equipment in hand to ramp quickly to 8 EH," announced the company. News Blink plugin (https://www.nobsbitcoin.com/blink-plugin-for-btcpay-server/) for BTC Payserver gives custodial lightning payments/receipts to anyone running a BTC Payserver The COPA lawsuit, that will determine if CSW can call himself Satoshi, has discovered that CSW's 'newly found' Satoshi evidence is overwhelmingly fake (https://www.opencrypto.org/2024-01-24-COPAvCraigWright/) and COPA has decilined a desperate last minute settlment offer from CSW CSW Forgeries-COPAvWright.pdf (https://www.opencrypto.org/2024-01-23_Schedule_of_Dr_Wrights_Further_Forgeries-COPAvWright.pdf) Economics Chinese stocks suffer (https://archive.ph/1BiJL), likely due to reduced bank lending, another sign of tightening global monetary conditions Fed Unexpectedly Kills Bank "Free Money" Bailout-Fund Arbitrage Scheme As It Ends BTFP Program | ZeroHedge (https://www.zerohedge.com/markets/fed-suddenly-kills-banks-free-money-bailout-fund-arbitrage-scheme) ETF: FTX Still Haunting BTC Users FTX sold about $1 bln of Grayscale's bitcoin ETF since its approval (https://www.coindesk.com/business/2024/01/22/ftx-sold-about-1b-of-grayscales-bitcoin-etf-explaining-much-of-outflow-sources/) Vijay Boyapati 🦢 on X: "1/ There was a much more important fraud than SBF's embezzlement that took place in 2022. It was a fraud (allegedly) perpetrated by one of the oldest companies in the space, @DCGco and its CEO, @BarrySilbert. Time for a thread 👇" / X (https://twitter.com/real_vijay/status/1721385528510251182?s=20) James Seyffart on X (https://twitter.com/JSeyff/status/1750873552306254314) Update for day 10 of the #Bitcoin ETF Cointucky derby. Volumes and flows are both slowing down a bit. Another slight negative day on flows. Total net flows stand at +$744 million. $IBIT likely crosses 2 billion in assets today Bitwise Becomes First U.S. Spot Bitcoin ETF to Disclose BTC Holding Addresses (https://www.nobsbitcoin.com/bitwise-becomes-first-u-s-spot-bitcoin-etf-to-disclose-btc-holding-addresses/) Following the disclosure of the address, Bitwise also started receiving random donations and even inscriptions. Eric Balchunas on X (https://twitter.com/EricBalchunas/status/1750303492521206038) Privacy Trezor Warns of Unauthorized Email Impersonating Trezor Sent via Its Third-Party Email Provider (https://www.nobsbitcoin.com/trezor-warns-of-emails-impersonating-trezor-sent-from-a-its-third-party-email-provider/) Altcoins A series of articles give a high level overview (https://blog.dshr.org/2024/01/good-news-for-tether.html#more) of the patchwork of red flags that Tether is made of A Tether insider, whose Thai alias is a 'principle' on Bitfinex's Bahamanian registration, is alleged to have largely funded the Brexit campaign (https://www.dirtybubblemedia.com/p/tethers-secret-agent) A December article that analyses Tether's on-chain activity (https://www.dirtybubblemedia.com/p/examining-tethers-secret-loan-portfolio) and money printing via loans Bitcoin Education Bitcoin Optech covers a consensus failure (https://bitcoinops.org/en/newsletters/2024/01/24/) in btcd with limited risk vs a recent Etherium consensus failure (https://unchainedcrypto.com/most-ethereum-staking-pools-are-using-just-one-execution-client-potentially-increasing-risks-to-the-network/) reveal 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/) Thank you Boosters If you get some value from this show, please consider sending a boost. Hearing from you means a lot to us! Send a Boost via the Podcast Index web page. No Podcast app upgrade required. Install Alby (https://getalby.com/) Find the Bitcoin Dad Pod on the Podcast Index (https://podcastindex.org/podcast/5049889) Boost right from the page! Send a re-ocurring or one-off lightning boost to the show with no message at bdadpod@getalby.com or directly to Chris at chrislas@getalby.com 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) + Alby (https://getalby.com/) for boosts 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/)

Halving the next hype cycle 101 days and 14512 blocks left News ETF? SEC’s bitcoin ETF tweet fiasco may end in fraud charges, lawyers say - Blockworks (https://blockworks.co/news/sec-x-hack-legal-action) Day 1 Trade data: Grayscale: $2.3 billion BlackRock: $1 billion Fidelity: $700 million ARK 21Shares: $288 million Bitwise: $125 million Coinbase did $7B in Bitcoin transfers OTC during the day. (https://twitter.com/BTC_Archive/status/1745565435758559460) Wally Street seems happy with the results (https://twitter.com/EricBalchunas/status/1745786738549612749) $200M of folks finally getting out (https://twitter.com/akibablade/status/1745814139820294352) Eric Balchunas on XX (https://twitter.com/EricBalchunas/status/1745869555660881999) James Seyffart on X (https://twitter.com/JSeyff/status/1745868782273245196) "UPDATE: We don't have to wait till tonight for $GBTC Flows. Just -$95 million. A fraction of what I and many were thinking. This means yesterday was a huge success in my opinion. Likely going to see an inflow number for $BRRR from Valkyrie too! Day 1 Net flows sit at $625 mln The FCA, Britain's consumer financial regulator, guidelines discriminate against certain customers (https://www.nobsbitcoin.com/fcas-consumer-protection-regulations-make-uk-centralized-exchanges-unusable-for-retail-investors/) as unsuitable to buy bitcoin Economics Arthur Hayes on the confluence of financial system, banking, and economic stress, which means bitcoin might dump (https://cryptohayes.medium.com/signposts-693ba565cd3e) This relates to the U.S. central bank's BTFP expiring in March (https://wolfstreet.com/2024/01/09/the-fed-will-let-the-btfp-expire-in-march-fed-vice-chair-for-supervision-michael-barr/) Shinobi on Bitcoin Magazine explains the economic rational for layered scaling in terms of Jevons Paradox (https://bitcoinmagazine.com/markets/jevons-paradox-what-it-actually-means-for-bitcoin), the observation that increasing efficency can also increase demand, which increases price Privacy GrapheneOS discloses vulnerabilities actively exploited by forensic companies \ stacker news ~security (https://stacker.news/items/385351) The team and users at GrapheneOS have uncovered a vulnerability in smartphones being actively used by digital forensics companies / exploit brokers to facilitate extractions in the after-first unlock (AFU) phase. Bitcoin Education Bitcoin Optech #238 covers lightning anchors and LN Symetry, as well as reviwing some bitcoin core review club (https://bitcoinops.org/en/newsletters/2024/01/10/) questions 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/) Thank you Boosters If you get some value from this show, please consider sending a boost. Hearing from you means a lot to us! Send a Boost via the Podcast Index web page. No Podcast app upgrade required. Install Alby (https://getalby.com/) Find the Bitcoin Dad Pod on the Podcast Index (https://podcastindex.org/podcast/5049889) Boost right from the page! Send a re-ocurring or one-off lightning boost to the show with no message at bdadpod@getalby.com or directly to Chris at chrislas@getalby.com 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) + Alby (https://getalby.com/) for boosts 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/)

Pre-Show A personal account of living in Turkiye under soaring inflation (https://stacker.news/items/376570), many trends described here are also happening in the US and Europe News The financial incentives of bitcoin are no joke, as Blackrock Names JPMorgan as Authorized Participant for Spot Bitcoin ETF (https://news.bitcoin.com/blackrock-names-jpmorgan-as-authorized-participant-for-spot-bitcoin-etf-despite-jamie-dimon-wanting-to-ban-crypto/) Blackrock’s latest amended filing shows that it has named JPMorgan and Jane Street as the authorized participants for its spot bitcoin ETF. However, JPMorgan CEO Jamie Dimon recently said at a Senate hearing in reply to a question by Senator Elizabeth Warren (D-MA) that he would shut down cryptocurrency (https://news.bitcoin.com/jpmorgan-ceo-jamie-dimon-says-hed-close-crypto-down-if-he-were-the-government/) if he were the government, emphasizing that bitcoin and crypto are mainly used for criminal purposes. + Bitwise on X: "The findings are in. We surveyed 437 financial advisors across the nation to gauge their views on crypto assets. Here's what they had to say..." / X (https://twitter.com/BitwiseInvest/status/1742948461387866399) SBF's political crimes trial is not going to happen (https://archive.is/xTVXX) likely due to the US Presidential election in 2024 Sam Bankman-Fried’s Political Donations: What We Know | TIME (https://time.com/6241262/sam-bankman-fried-political-donations/) Interactive: Here are the politicians who received money from FTX's Sam Bankman-Fried - MarketWatch (https://www.marketwatch.com/story/here-are-the-politicians-who-received-money-from-ftxs-sam-bankman-fried-11670359945) Sam Bankman-Fried will not face a second trial, U.S. prosecutors decide (https://www.foxbusiness.com/business-leaders/sam-bankman-fried-face-second-trial-u-s-prosecutors-decide) Economics Paying for oil in Indian Rupees is still unattractive (https://economictimes.indiatimes.com/industry/energy/oil-gas/no-takers-for-rupee-payment-for-oil-imports/articleshow/106255276.cms) as transaction costs are higher than paying in dollars Lyn Alden's latest piece on divergence in US Monetary and Fiscal Policy (https://www.lynalden.com/january-2024-newsletter/) predicts government deficits driving monetary policy in the futre cut + The US Congres has had multiple crypto bills (https://blockworks.co/news/congress-2023-midsession-update) but little movement and none likely in 2024 Privacy and Bitcoin Education We've been seeing more questions about UTXO consolidation. There are privacy ramifications and things to consider about UTXO consolidation. Pre-ETF buy/sell could be a good time to address this. Fees are "lower" right now. Weekends also tend to be better. The first recommendation is to check out a recent episode: Bitcoin Dad Pod Episode 116: Liquid Courage (https://bitcoindadpod.fireside.fm/116) We do a bit of a primer in there and chat some solutions. The second recommendation is to check out a very well-done multi-part series by Unchained Captial: What is a bitcoin UTXO and why do they matter? - Unchained (https://unchained.com/blog/what-is-a-utxo-bitcoin/) More UTXOs, more problems: High fees, signing failures, and how to avoid them - Unchained (https://unchained.com/blog/too-many-bitcoin-utxos/) UTXOs, addresses, and CoinJoins: Preserving privacy in a bitcoin economy - Unchained (https://unchained.com/blog/bitcoin-utxo-privacy/) 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/) Thank you Boosters If you get some value from this show, please consider sending a boost. Hearing from you means a lot to us! Send a Boost via the Podcast Index web page. No Podcast app upgrade required. Install Alby (https://getalby.com/) Find the Bitcoin Dad Pod on the Podcast Index (https://podcastindex.org/podcast/5049889) Boost right from the page! Send a re-ocurring or one-off lightning boost to the show with no message at bdadpod@getalby.com or directly to Chris at chrislas@getalby.com 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) + Alby (https://getalby.com/) for boosts 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/)

News Institutional adoption is changing bitcoin's role in finance, is that good or bad? The Fragility of Bitcoin: Potential Challenges and Resilience (https://bitcoinfortress.substack.com/p/the-fragility-of-bitcoin-potential) Despite these challenges, there is reason to believe Bitcoin’s resilience shown to date will allow it to continue to push ahead into the future Nigeria removes bitcoin banking ban (https://news.bitcoin.com/nigerian-central-bank-lifts-february-2021-crypto-prohibition-order/) in favor of trying to regulate crypto companies Ocean pool is adding block template options (https://bitcoinmagazine.com/technical/ocean-adds-block-template-selection-option) that do not filter transactions per bitcoin knots policy, but you need to pay more to use them Economics Arthur Hayes lays out the fiat debasement hedge (https://cryptohayes.substack.com/p/expression) that is bitcoin and why other crypto value traps do not provide this fundamental value Altcoins Vitalik Buterin, one of the Etherium creators, thinks that ETH's technical complexity is undermining its functionality (https://nitter.net/techleadhd/status/1740415339312345256#m) and proposes limiting the number of validators and/or making them trusted parties (https://ethresear.ch/t/sticking-to-8192-signatures-per-slot-post-ssf-how-and-why/17989) Bitcoin Education BTC Payserver LNbank plugin is discontinued (https://www.nobsbitcoin.com/btcpay-server-ln-bank-plugin-2nd-cve/) after two serious vulnerabilies have Seth for Privacy has an awesome and actionable guide to build your own bitcoin mining pool (https://sethforprivacy.com/guides/run-your-own-bitcoin-pool), docker, ubuntu, shell commands, a great way to get some linux experience as well 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/) Thank you Boosters If you get some value from this show, please consider sending a boost. Hearing from you means a lot to us! Send a Boost via the Podcast Index web page. No Podcast app upgrade required. Install Alby (https://getalby.com/) Find the Bitcoin Dad Pod on the Podcast Index (https://podcastindex.org/podcast/5049889) Boost right from the page! Send a re-ocurring or one-off lightning boost to the show with no message at bdadpod@getalby.com or directly to Chris at chrislas@getalby.com 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) + Alby (https://getalby.com/) for boosts 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/)

Pre-Show The bitcointalk.org original hodl post is 9 years old (https://bitcointalk.org/index.php?topic=375643.0) and expresses many of the sentiments of the Game Stop Apes of January 2021 News Stacker news, a reddit clone that upvotes via lightning, has started OFAC complicance (https://stacker.news/items/354028?ref=nobsbitcoin.com) due to fears about US Financial regulation This might tie in with the politics of US Payroll (https://www.bitsaboutmoney.com/archive/payroll-providers-power-respect/) taxes and maximizing tax collection NTA Blog: Heard Loud and Clear: IRS Postpones Implementation of $600 Form 1099-K Reporting by a Year - TAS (https://www.taxpayeradvocate.irs.gov/news/nta-blog-heard-loud-and-clear-irs-postpones-implementation-of-600-form-1099-k-reporting-by-a-year/) As bitcoin transaction costs have risen, activity on the Liquid sidechain remains low (https://liquid.network/) while Alby, a popular bitcoin web payments plugin, is advertising a bounty to include Liquid (https://www.nobsbitcoin.com/alby-extension-v3-5-0/) support A high level critique of the Blockstream Liquid Sidechain (https://protos.com/blockstreams-pricey-liquid-sidechain-is-flawed-and-underused/), that is basically correct Liquid Network 🌊 on X (https://twitter.com/Liquid_BTC/status/1735072205975724344) "Under the high-fee market, there has been a renewed interest in second layers, resulting in an increased usage and adoption of Liquid 🌊. Marina - Liquid Wallet on X: "Pay and get paid via ⚡️ #LightningNetwork directly with your @Liquid_BTC balance. No channels, no routing errors, and no force close fees. 👀 Coming soon to your @MarinaWallet https://t.co/fl9Rs1qFcl" / X (https://twitter.com/MarinaWallet/status/1737478488330797182) Introducing Liquid Network to the Alby Browser Extension (https://blog.getalby.com/liquid/) Managing Liquidity on the Lightning Network - Builder's Guide (https://docs.lightning.engineering/the-lightning-network/liquidity/manage-liquidity) Ronin Dojo, the backend for Samurai Wallet, removes BISQ and bitcoin knots (https://blog.ronindojo.io/ronindojo-update-v2-1-2/?ref=nobsbitcoin.com) support Economics US mainstream news declares inflation dead (https://www.cbsnews.com/news/inflation-down-first-time-since-2020-pce/), just in time for Christmas but it conflates inflation with prices The U.S. Federal Reserve, a central bank, has changed their messaging from "higher interest rates for longer" at the begining of December to "thinking about cutting", but no one actually knows what data point (https://archive.is/Noaav) has changed this perspective Bitcoin Education Bitcoin Optech Year in Review (https://bitcoinops.org/en/newsletters/2023/12/20/), highlights the developments and controversies of the last year of bitcoin development 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/) Thank you Boosters If you get some value from this show, please consider sending a boost. Hearing from you means a lot to us! Send a Boost via the Podcast Index web page. No Podcast app upgrade required. Install Alby (https://getalby.com/) Find the Bitcoin Dad Pod on the Podcast Index (https://podcastindex.org/podcast/5049889) Boost right from the page! Send a re-ocurring or one-off lightning boost to the show with no message at bdadpod@getalby.com or directly to Chris at chrislas@getalby.com 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) + Alby (https://getalby.com/) for boosts 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/)

Pre-Show At least one person is living on bitcoin (https://blog.bitmex.com/getting-paid-in-btc-in-sin/) in Singapore, all you need is a master's in finance and higher income than expenses News Warren Expands Coalition of Banking Committee Support for Bill Cracking Down on Crypto’s Use in Money Laundering, Drug Trafficking, Sanctions Evasion | U.S. Senator Elizabeth Warren of Massachusetts (https://www.warren.senate.gov/newsroom/press-releases/warren-expands-coalition-of-banking-committee-support-for-bill-cracking-down-on-cryptos-use-in-money-laundering-drug-trafficking-sanctions-evasion) Cosponsors - S.2669 - 118th Congress (2023-2024): Digital Asset Anti-Money Laundering Act of 2023 | Congress.gov | Library of Congress (https://www.congress.gov/bill/118th-congress/senate-bill/2669/cosponsors?s=1&r=19&overview=closed) Economics Arthur Hayes thinks that China and the US (https://cryptohayes.substack.com/p/panda-power) will coordinate a weak dollar policy to help China grow and the Democratic party win the 2024 election Bitcoin And Crypto To Be Measured At Fair Value Under New FASB Rules | Nasdaq (https://www.nasdaq.com/articles/bitcoin-and-crypto-to-be-measured-at-fair-value-under-new-fasb-rules) Bitcoin to be recorded at fair value under new FASB rules issued toda (https://twitter.com/BTC_Archive/status/1734954990165275103) Why is the EU supporing a French bank backed Euro stablecoin (https://amycastor.com/2023/12/09/societe-generales-useless-euro-stablecoin-when-bank-blockchain-units-go-feral/)? It's dollarization fears Privacy US Mass surveillance is increasing House Intel Committee Approves FISA Reform and Reauthorization Act of 2023 | Permanent Select Committee On Intelligence (https://archive.ph/n1vSs#selection-412.0-412.1) A 'broadening' of the term “electronic service communications provider” means that every wifi network (https://threadreaderapp.com/thread/1734249938333167889.html?ref=nobsbitcoin.com) or business in the USA will need to give the government your data without a warrant (https://www.nobsbitcoin.com/house-intelligence-committees-section-702-reform-bill-marks-the-biggest-expansion-of-surveillance-in-united-states-since-the-patriot-act/) Even a former FISA judge is alarmed at this overreach (https://www.zwillgen.com/law-enforcement/fisa-reform-bill-702-surveillance/) The EFF is on alert (https://www.eff.org/deeplinks/2023/12/section-702-needs-reform-and-oversight-not-expansion-congress-should-oppose-hpsci?ref=nobsbitcoin.com) Even IT industry publications like the Register (https://www.theregister.com/2023/12/14/congress_renews_fisa_section_702/) are reporting on this privacy monstrosity Is late stage liberalism when democratic state become de-facto authoritarian (https://podverse.fm/episode/loEoeZR1R) by ignoring the political ramifications of wealth? Ledger Wallet is a surveillance application (https://www.nobsbitcoin.com/ledger-live-tracks-and-sends-out-all-user-information-by-default/) and they have had their fragile cloud infrastructure compromised do not use ledger or their dApp ecosystem (https://twitter.com/MatthewLilley/status/1735285684070461534?t=Dn4QkFt9jP0QOTc0VW2S2A) "FINAL TIMELINE AND UPDATE TO CUSTOMERS" (https://twitter.com/Ledger/status/1735326240658100414) Ledger Connect Kit Exploited (https://www.nobsbitcoin.com/ledger-connect-kit-exploited/) Bitcoin Education Bitcoin Optech mentions another stratum V2 mining pool (https://bitcoinops.org/en/newsletters/2023/12/13/) launch More developments on ecash wallet recovery (https://www.nobsbitcoin.com/minibits-v0-1-5-beta/), interesting technology but difficult legally 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/) Boosts From: @meremortalspodcast Through the podcast and I've recently got the opportunity to convert from lightning to onchain. 2 questions. How traceable are these sats from lightning (considering they come via a very identifiable Alby wallet)? And do you know many stories of people having non-KYC BTC who actually needed them? I know theoretically why non-KYC is important, but I'll be more persuaded with real life examples of where they were vital for economic freedom. reply on: I'm Kilian, Co-Founder of Boltz. AMA. \ stacker news ~bitcoin (https://stacker.news/items/339218) Thank you Boosters If you get some value from this show, please consider sending a boost. Hearing from you means a lot to us! Send a Boost via the Podcast Index web page. No Podcast app upgrade required. Install Alby (https://getalby.com/) Find the Bitcoin Dad Pod on the Podcast Index (https://podcastindex.org/podcast/5049889) Boost right from the page! Send a re-ocurring or one-off lightning boost to the show with no message at bdadpod@getalby.com or directly to Chris at chrislas@getalby.com 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) + Alby (https://getalby.com/) for boosts 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/)

Pre-Show Chainalysis' global crypto adoption survey demonstrates that grass roots adoption surges in hostile monetary environments (https://archive.ph/wIkRQ) Financial Distress Leads To Surge In Early 401(k) Withdrawals, Bank Report Shows (https://www.forbes.com/sites/brianmenickella/2023/11/01/financial-distress-leads-to-surge-in-early-401k-withdrawals-bank-report-shows/?sh=30632d8f7fdc) Seattle is a victim of its own success | The Seattle Times (https://www.seattletimes.com/opinion/seattle-is-a-victim-of-its-own-success/) Study shows $100K is actually worth about $49K in Seattle (https://www.fox13seattle.com/news/study-shows-100k-is-actually-worth-about-49k-in-seattle) Freight recession will continue in 2024: CNBC Supply Chain Survey (https://www.cnbc.com/2023/11/07/freight-recession-will-continue-in-2024-cnbc-supply-chain-survey.html) News Getting fiat liquidity from bitcoin is getting harder in the US (https://stacker.news/items/336350) The noose tightens Already happened with Ledn in Cannada Ties in with ETF narrative Unchained to Pause Bitcoin Backed Loans to Individuals (https://www.nobsbitcoin.com/unchained-to-stop-offering-bitcoin-backed-loans-to-individuals/) Economics The incentives of financial regulation have led to it being a broken system (https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4517659) for over 70 years Hardware Wallet News Jack Dorsey's Block Unveils Hardware Wallet Bitkey (https://bitkey.build/) Bitkey Recovery Features PDF (https://bitkey.build/content/files/2023/11/Bitkey-Recovery-Features.pdf) Bitkey consists of a mobile app, hardware device and a set of recovery tools. The app and hardware device form two of the three keys used to secure a customer's bitcoin, with the third stored on the phone OS providers cloud storage. Encyrpted locally before uploaded. Losing your keys without losing your coins (https://bitkey.build/losing-your-keys-without-losing-your-coins/) Privacy Ocean pool may be incompatible with Samurai whirlpol (https://news.bitcoin.com/samourai-wallet-calls-out-ocean-pool-for-censoring-whirlpool-privacy-transactions), a bitcoin coinjoin solution Bitcoin Education Bitcoin Optech Newsletter #280 (https://bitcoinops.org/en/newsletters/2023/12/06/?ref=nobsbitcoin.com) covers cluster mempool (https://bitcoinops.org/en/topics/cluster-mempool/), a new method of grouping dependent transactions into 'chunks' that will make CPFP and other feebumping transactions like RBF work better, with a working group (https://delvingbitcoin.org/c/implementation/wg-cluster-mempool/9) on the Delving Bitcoin forum. 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/) Thank you Boosters If you get some value from this show, please consider sending a boost. Hearing from you means a lot to us! Send a Boost via the Podcast Index web page. No Podcast app upgrade required. Install Alby (https://getalby.com/) Find the Bitcoin Dad Pod on the Podcast Index (https://podcastindex.org/podcast/5049889) Boost right from the page! Send a re-ocurring or one-off lightning boost to the show with no message at bdadpod@getalby.com or directly to Chris at chrislas@getalby.com 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) + Alby (https://getalby.com/) for boosts 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/)