Pre-Show
A personal account of living in Turkiye under soaring inflation, many trends described here are also happening in the US and EuropeNews
The financial incentives of bitcoin are no joke, as Blackrock Names JPMorgan as Authorized Participant for Spot Bitcoin ETFBlackrock’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 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..." / XSBF's political crimes trial is not going to happen likely due to the US Presidential election in 2024Sam Bankman-Fried’s Political Donations: What We Know | TIMEInteractive: Here are the politicians who received money from FTX's Sam Bankman-Fried - MarketWatchSam Bankman-Fried will not face a second trial, U.S. prosecutors decideEconomics
Paying for oil in Indian Rupees is still unattractive as transaction costs are higher than paying in dollars
Lyn Alden's latest piece on divergence in US Monetary and Fiscal Policy predicts government deficits driving monetary policy in the futre
cut + The US Congres has had multiple crypto bills 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
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
More UTXOs, more problems: High fees, signing failures, and how to avoid them - Unchained
UTXOs, addresses, and CoinJoins: Preserving privacy in a bitcoin economy - Unchained
Feedback
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