Bitcoin Dad Pod

Bitcoin Dad Pod

By The Bitcoin DadTechnology
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Bitcoin Dad Pod episodes

  • Episode 103: Macro Eruptions
    Pre-Show
    • Volcano Energy Bitcoin Mining Pool Goes Live - Bitcoin Magazine - Bitcoin News, Articles and Expert Insights
    • El Salv launched the volcano powered bitcoin mining pool
    • News
      • Chainalysis lays off 150 Employees As Chill Of Crypto Winter Persists

      • The US Prosecutor also wants to prevent discovery of chainalysis heuristics in the Bitcoin Fog Mixer case

        • There is a progression of mass surveillance encroachment on US Civil Liberties
        • Economics
          • Arthur is back talking maco Monetary setups and pumping Filecoin
          • Privacy
            • Dutch tax office used privately purchased data to target tax audits and the metrics in their models targeted immigrants and people with foreign family
            • Altcoins
              • ETH futures ETF has been approved by the SEC and it may signal a bitcoin spot etf in the next 6 months
              • Bitcoin Education
                • Optech #271 covers multiple lightning improvements
                • An anonymous bitcoin dev has been watching the bitcoin network and monitoring odd intelligent
                • Feedback
                  • Remember to get in touch [email protected] or @bitcoindadpod on twitter

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                      • Value for Value
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                          • Sponsors and Acknowledgements

                            Music by Lesfm from Pixabay

                            Self Hosted Show courtesy of Jupiter Broadcasting

                            58 min
                          • Episode 102: Financial Repression is Literally Here
                            Pre-Show
                            • Three Arrows Capital co-founder Zhu arrested in Singapore airport, sentenced four months in prison | TechCrunch
                            • News
                              • Ripple bails out Fortress Trust after hackers steal customer assets

                                • Mike Belshe on X: I really don’t want to talk about it at all, because it actually has nothing to do with BitGo. But because Fortress was not forthcoming about what actually did happen, we are now indirectly affected -…" / X
                                • Fortress CEO Responds to Ripple Backing Out of Acquisition - Decrypt
                                • Interesting analysis of bitcoin mining pool F2Pool's miner extracatble value (MEV) attacks on the STACKS protocol

                                • Economics
                                  • The Lagged Impact Of Higher Rates | BitMEX Blog, Bitmex explains why monetary policy likely will take time to fail spectacularly

                                    • part of a series on the next global financial crisis
                                    • Arthur had a blog post that observes that at high levels of government deficits economic logic breaks down, the US gov't deficit is 8% of GDP, and nominal gdp growth is at 9%

                                    • Privacy
                                      • Interesting thoughts on bitcoin contributions, privacy, and the challenges of designing the bitcoin protocol with Miner Extractable Value problems in mind
                                      • Bitcoin Education
                                        • Bitcoin optech focus on covenants and lightning
                                        • Feedback
                                          • Remember to get in touch [email protected] or @bitcoindadpod on twitter

                                          • Consider joining the matrix channel using a matrix client like element, details here

                                          • Boosts
                                            • Bitcoin art from a listener: caroleanndanner.com
                                            • Thank you Boosters
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                                                • Send a re-ocurring or one-off lightning boost to the show with no message at [email protected] or directly to Chris at [email protected]

                                                • Value for Value
                                                  • Podcasting 2.0 to support an indepenent podcasting ecosystem
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                                                    • Fountain podcast app (Android)
                                                    • Podverse (Cross platform and self hostable) + Alby for boosts
                                                    • Castamatic (Apple)
                                                    • Sponsors and Acknowledgements

                                                      Music by Lesfm from Pixabay

                                                      Self Hosted Show courtesy of Jupiter Broadcasting

                                                      1 hr 3 min
                                                    • Episode 101: Trustee Me
                                                      Pre-Show
                                                      • Optimism foundation is dumping tokens, they are the technological provider of Coinbase's 'base' protocol
                                                      • News
                                                        • Amboss.space has a new lightning node liquidity provisioning system. Must trade sats for 'ambucks'

                                                        • The Mt Gox, an early crypto exchange that failed spectacularly, trustee Nobuaki Kobayashi hs delayed repayments another year PDF

                                                          • The Gox story is an early bitcoin parable on the danger and general incopetence of custodians in what became the bitcoin space
                                                          • The former exchange website lists official bankruptcy documents and won't redirect from http to https
                                                          • The bankruptcy proceedings have revealed the inaddequacy of the Japanese bankruptcy system
                                                          • The one individual charged relating to the Mt. Gox hack Alexander Vinnik was extradited to the US in 2022
                                                          • Economics
                                                            • The US Fed remains hawkish in its latest press conference holding at a 5.50% interest rate but the US Treasury yield curve predicts rates falling, so the FED is likely wrong again (Eurodollar futures are also falling)
                                                            • Capital outflows from China are increasing, not a good sign
                                                            • Privacy
                                                              • The COBRA bitcoin case demonstrates how pseudonomity can be attacked through legal shennanigans

                                                              • The Privacy Dad has some interesting thoughts on privacy in schools as a place to fight the privacy war

                                                              • Bitcoin Education
                                                                • Inscriptions are not going away and they have changed the bitcoin fee market (perhaps forever?)
                                                                • A python script can sort of predict the USD price of bitcoin using your nodes sats data and a template that predicts USD price relationships accross satoshis
                                                                • Feedback
                                                                  • Remember to get in touch [email protected] or @bitcoindadpod on twitter

                                                                  • Consider joining the matrix channel using a matrix client like element, details here

                                                                  • 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
                                                                      • Find the Bitcoin Dad Pod on the Podcast Index
                                                                      • Boost right from the page!
                                                                      • Send a re-ocurring or one-off lightning boost to the show with no message at [email protected] or directly to Chris at [email protected]

                                                                      • Value for Value
                                                                        • Podcasting 2.0 to support an indepenent podcasting ecosystem
                                                                        • Recomended Podcasting2.0 apps:
                                                                          • Fountain podcast app (Android)
                                                                          • Podverse (Cross platform and self hostable) + Alby for boosts
                                                                          • Castamatic (Apple)
                                                                          • Sponsors and Acknowledgements

                                                                            Music by Lesfm from Pixabay

                                                                            Self Hosted Show courtesy of Jupiter Broadcasting

                                                                            1 hr 21 min
                                                                          • Episode 100: Fortress Not Trustworthy
                                                                            Pre-Show
                                                                            • A very reasonable discussion on HN around the WTF Happened in 1971 website, the world is complicated, there are many ways to interpret history and the present, none are particularly satisfying
                                                                            • News
                                                                              • Binance.US cuts third of staff as CEO Brian Shroder leaves
                                                                              • Binance.US, the United States arm of the crypto exchange, has cut around a third of its staff — or 100 positions — with its president and CEO Brian Shroder also departing the firm.

                                                                                Binance.US Statment to CoinTelegraph:

                                                                                “The [Securities and Exchange Commission’s] aggressive attempts to cripple our industry and the resulting impacts on our business have real-world consequences for American jobs and innovation, and this is an unfortunate example of that.”

                                                                                They also say "not dead yet!"

                                                                                “more than seven years of financial runway” amid its move to becoming a crypto-only exchange.

                                                                                Cool post on the Japanese bitcoin community, I knew wiz and Arthur Hayes hang out in Japan, but would love to incorporate the bitcoin scene into a trip there
                                                                                Fortress Lost Customer Funds Prior to Acquisition by Ripple
                                                                                • The Fortress Trust security breach is a fiat story, its not scary or exciting, just predictable with the ancient messy tech stack that U.S. corporate financial IT demands
                                                                                • Economics
                                                                                  • Is an introduction to U.S. debt collection economics? It's certainly historical, and it speaks to the fragility of legacy financial agreements when compared to the on chain assurances of bitcoin
                                                                                  • Altcoins
                                                                                    • 1 of the 2 'OneCoin' founders has been sentenced for his role in a crypto themed Multi-level marketing ponzi scheme

                                                                                      • There is a podcast
                                                                                      • Brian Armstrong 🛡️ on X

                                                                                      • Bitcoin Education
                                                                                        • Bitcoin optech includes movement on tarot assets on lightning, another client side validated protocol
                                                                                        • Feedback
                                                                                          • Remember to get in touch [email protected] or @bitcoindadpod on twitter

                                                                                          • Consider joining the matrix channel using a matrix client like element, details here

                                                                                          • Boosts Notes:
                                                                                            • https://Tokyocitadel.com
                                                                                              • https://hardblock.com.au
                                                                                              • 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
                                                                                                  • Find the Bitcoin Dad Pod on the Podcast Index
                                                                                                  • Boost right from the page!
                                                                                                  • Send a re-ocurring or one-off lightning boost to the show with no message at [email protected] or directly to Chris at [email protected]

                                                                                                  • Value for Value
                                                                                                    • Podcasting 2.0 to support an indepenent podcasting ecosystem
                                                                                                    • Recomended Podcasting2.0 apps:
                                                                                                      • Fountain podcast app (Android)
                                                                                                      • Podverse (Cross platform and self hostable) + Alby for boosts
                                                                                                      • Castamatic (Apple)
                                                                                                      • Sponsors and Acknowledgements

                                                                                                        Music by Lesfm from Pixabay

                                                                                                        Self Hosted Show courtesy of Jupiter Broadcasting

                                                                                                        58 min
                                                                                                      • Episode 99: Accounting for Privacy
                                                                                                        Pre-Show
                                                                                                        • Rumor? Ledger co-founder Nicolas Bacca to leave the company after "Recover feature" scandal 👀

                                                                                                        • Alex Mashinsky's assets frozen by US court as part of criminal case

                                                                                                        • News
                                                                                                          • Long-Awaited Bitcoin Accounting Rules to Capture Rises, Dips
                                                                                                          • 🚨 EXPLAINED: Bitcoin Accounting Rule Change
                                                                                                          • Privacy
                                                                                                            • JoinStr: Decentralized CoinJoin Implementation Using Nostr

                                                                                                            • Introducing: JoinStr 🦃 A Decentralized CoinJoin Implementation using NOSTR \ stacker news ~nostr

                                                                                                            • Altcoins
                                                                                                              • Blockchain Privacy and Regulatory Compliance: Towards a Practical Equilibrium by Vitalik Buterin, Jacob Illum, Matthias Nadler, Fabian Schär, Ameen Soleimani, Vitalik and Chainalysis employee(s) collaborate on a privacy proposal?
                                                                                                              • Bitcoin Education
                                                                                                                • Bitcoin Optech Newsletter #267 | Bitcoin Optech
                                                                                                                • a draft specification and proposed implementation of compressed Bitcoin transactions

                                                                                                                  Feedback
                                                                                                                  • Remember to get in touch [email protected] or @bitcoindadpod on twitter

                                                                                                                  • Consider joining the matrix channel using a matrix client like element, details here

                                                                                                                  • 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
                                                                                                                      • Find the Bitcoin Dad Pod on the Podcast Index
                                                                                                                      • Boost right from the page!
                                                                                                                      • Send a re-ocurring or one-off lightning boost to the show with no message at [email protected] or directly to Chris at [email protected]

                                                                                                                      • Value for Value
                                                                                                                        • Podcasting 2.0 to support an indepenent podcasting ecosystem
                                                                                                                        • Recomended Podcasting2.0 apps:
                                                                                                                          • Fountain podcast app (Android)
                                                                                                                          • Podverse (Cross platform and self hostable) + Alby for boosts
                                                                                                                          • Castamatic (Apple)
                                                                                                                          • Sponsors and Acknowledgements

                                                                                                                            Music by Lesfm from Pixabay

                                                                                                                            Self Hosted Show courtesy of Jupiter Broadcasting

                                                                                                                            51 min
                                                                                                                          • Episode 98: Working on Privacy
                                                                                                                            Pre-Show
                                                                                                                            • Sparrow turns 3 today.
                                                                                                                              • Public rls - Sep 1st 2020
                                                                                                                              • Sparrow Wallet v1.7.9: Wallet Accounts Summary Dialog & More
                                                                                                                              • News
                                                                                                                                Drivechain Drama
                                                                                                                                • Michael Tidwell on X: "10 days ago, I tweeted on Drivechain's (DC) purpose and sidechains (SC). I've gained insights and I'll detail the 8 reasons I've seen that are against it. I will playfully denote people's names to various arguments even though these people are likely not the originators of the…" / X

                                                                                                                                • NVK GM 🌞⚡️: Shitcoin "new chains" are part of the scam marketi...

                                                                                                                                • People Pointing out Liquid has gone almost nowhere, still has issues

                                                                                                                                • What's a Bitcoin Drivechain and Why Are Devs At Odds Over Its Proposal? - Decrypt

                                                                                                                                • 💡 Drivechains, proposed by Paul Sztorc as BIP 300 and BIP 301, introduce native sidechains to Bitcoin, enabling additional features.

                                                                                                                                • 🔒 Sidechains are secured through blind merge mining, using Bitcoin's existing miners to secure other blockchains.

                                                                                                                                • 🛡️ Critics worry that drivechains may introduce complexity, security risks, and unwanted tokens (referred to as "shitcoins") into the Bitcoin ecosystem.

                                                                                                                                • 🔄 Drivechains do not require new assets; they can be used for Bitcoin-related purposes like private and scalable transactions.

                                                                                                                                • ⚙️ Some developers express concerns about the peg-out mechanism, which relies on users trusting 51% of Bitcoin's hashrate for an extended period.

                                                                                                                                • 💰 Miners are incentivized to keep drivechains active due to fee collection, but concerns remain about potential economic complications and trust issues.

                                                                                                                                • 🌐 Advocates believe that drivechains could enhance Bitcoin's competitiveness and eliminate the possibility of other cryptocurrencies surpassing it in the future.

                                                                                                                                • Economics
                                                                                                                                  • Arthur Hayes is back with a macro article on U.S. Federal Reserve policy errors
                                                                                                                                  • Privacy
                                                                                                                                    • The actual U.S. Justice Department Tornado Cash indictment is amazing, it explains how ETH sort of works (WARNING USG PDF)
                                                                                                                                      • Roman and co raised money
                                                                                                                                        • maintained and hosted the TC UI
                                                                                                                                        • because the UI increases usage/anon set, its not just a small thing according to JD
                                                                                                                                        • TC had a relayer model to allow additoinal privacy and relayers earn fees
                                                                                                                                        • In August 2019 Roman and Co had control of the TC smart contract but removed their keys in May 2020
                                                                                                                                        • THe DAO they created in December 2020 created the TORN token and gave 30% to the TC founders and investors
                                                                                                                                        • The DAO token incentivized relayers to hold at least 300 tokens to get preferential access to fees
                                                                                                                                        • By blocking OFAC addresses from the UI they demonstrated they could have been compliant the entire time, thus were culpable (they were either way since they controlled the UI)
                                                                                                                                        • There's also a lot of internal communication about how they knew this would not be effective KYC/AML etc
                                                                                                                                        • The indicment is still broad and bad...were they really opperating an unlicensed money transmitter? More like they were charging people to walk through a nice lobby to the MT rather than the complicated maze in the back
                                                                                                                                        • Tor is adopting Proof of Work

                                                                                                                                          As an anti-DOS, denial of service feature, they have thought a long time about solutions to spam and are now using a solution shared by bitcoin

                                                                                                                                          Energy
                                                                                                                                          • The cambridge has been overestimating bitcoin carbon intensity by a lot
                                                                                                                                          • Turns out they were overestimating things by a noteable amount. They have updated their numbers downward.

                                                                                                                                            • CCAF model overestimated by 16.8% in 2021, and 10.2% in 2022. This is in alignment with my previous research where I suggested earlier this year that their model was overestimating by 20.6%
                                                                                                                                            • https://batcoinz.com/improving-our-estimate-of-bitcoin-energy-consumption/
                                                                                                                                            • Clear evidence that GreenpeaceUSA's claim that Bitcoin used "as much energy as Sweden" was incorrect, and was based on CCAF historical overstatements
                                                                                                                                            • CCAF say explicitly that based on new estimates: Bitcoin energy use is "comparable to ... tumble dryers in the US"
                                                                                                                                            • CCAF have not yet revised their emissions estimates beyond the direct impact of revised energy consumption.
                                                                                                                                            • They are still overestimating emissions by 67.6% due to emission intensity calculations that are both overestimated, and out-of-date (have not been updated since Jan 2022). This is an improvement upon the previous estimates which were out 106% (https://batcoinz.com/accurately-dynamically-calculating-bitcoin-network-emissions/)

                                                                                                                                            • Bitcoin Mining In the Land of Fire and Ice - YouTube

                                                                                                                                            • Not only does Iceland run almost entirely on renewable energy, it has historically operated at a surplus. Bitcoin miners and other digital asset generators have been buying up that extra energy to power data centers across the island nation. But some environmentalists worry the exponential electricity demands of the controversial asset class will inevitably result in more power plants, which could damage Iceland’s unique ecosystems.

                                                                                                                                              Bitcoin Education
                                                                                                                                              • Bitcoin Optech reveals a lightning network vulnerability that drives home how experimental it is
                                                                                                                                              • Feedback
                                                                                                                                                • Remember to get in touch [email protected] or @bitcoindadpod on twitter

                                                                                                                                                • Consider joining the matrix channel using a matrix client like element, details here

                                                                                                                                                • Thank you Boosters
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                                                                                                                                                  • Send a Boost via the Podcast Index web page. No Podcast app upgrade required.

                                                                                                                                                    • Install Alby
                                                                                                                                                    • Find the Bitcoin Dad Pod on the Podcast Index
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                                                                                                                                                    • Send a re-ocurring or one-off lightning boost to the show with no message at [email protected] or directly to Chris at [email protected]

                                                                                                                                                    • Value for Value
                                                                                                                                                      • Podcasting 2.0 to support an indepenent podcasting ecosystem
                                                                                                                                                      • Recomended Podcasting2.0 apps:
                                                                                                                                                        • Fountain podcast app (Android)
                                                                                                                                                        • Podverse (Cross platform and self hostable) + Alby for boosts
                                                                                                                                                        • Castamatic (Apple)
                                                                                                                                                        • Sponsors and Acknowledgements

                                                                                                                                                          Music by Lesfm from Pixabay

                                                                                                                                                          Self Hosted Show courtesy of Jupiter Broadcasting

                                                                                                                                                          1 hr 21 min
                                                                                                                                                        • Episode 97: Artificial Targets
                                                                                                                                                          Pre-Show
                                                                                                                                                          • So, That's the End of Bitcoin Then, pack it up everyone, let's go home 14 years ago

                                                                                                                                                          • “Bitcoin Is Dead” - The #1 Database of Notable Bitcoin Skeptics

                                                                                                                                                          • News
                                                                                                                                                            Economics
                                                                                                                                                            • The discussion around the Federal Reserve raising their inflation target to 3% assumes many things:

                                                                                                                                                              • Strong relationship between FFs and Inflation
                                                                                                                                                              • Philips curve relationship between Employment and Inflation
                                                                                                                                                              • These are not small assumptions!
                                                                                                                                                              • Six AI Themes to Consider - Lyn Alden discusses expectations around AI and bitcoin in the context of scarce assets in a world of increasing money supply

                                                                                                                                                              • Privacy
                                                                                                                                                                • Southern District of New York | Tornado Cash Founders Charged With Money Laundering And Sanctions Violations | United States Department of Justice
                                                                                                                                                                  • Accusation seems to be based more on activities surrounding the TC protocol, not necessarily the actual software development
                                                                                                                                                                  • Roman Storm and Roman Semenov allegedly operated Tornado Cash and knowingly facilitated this money laundering. While publicly claiming to offer a technically sophisticated privacy service, Storm and Semenov in fact knew that they were helping hackers and fraudsters conceal the fruits of their crimes

                                                                                                                                                                    • Coin center alleges that the Tornado Cash indictments run counter to FinCEN guidance
                                                                                                                                                                    • The allegations include that the defendants: (a) paid for web hosting services for a user interface that allowed users to send transaction messages to the underlying smart contracts, (b) paid for a software repository (Github) where smart contract and user interface software and documentation was hosted, and (c) had (for a time before May 2020) “complete control” over the Tornado Cash smart contracts.

                                                                                                                                                                      Altcoins
                                                                                                                                                                      • Prime Trust Crypto Custodian Lost $8M in Doomed Terra-LUNA Stablecoin Investment, CEO Says
                                                                                                                                                                      • Bitcoin Education
                                                                                                                                                                        • Let's talk chainstate size vs blockchain size and how that is an technical important scaling limit
                                                                                                                                                                        • Latest bitcoin optech #263 is all about software updates
                                                                                                                                                                        • Feedback
                                                                                                                                                                          • Remember to get in touch [email protected] or @bitcoindadpod on twitter

                                                                                                                                                                          • Consider joining the matrix channel using a matrix client like element, details here

                                                                                                                                                                          • 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
                                                                                                                                                                              • Find the Bitcoin Dad Pod on the Podcast Index
                                                                                                                                                                              • Boost right from the page!
                                                                                                                                                                              • Send a re-ocurring or one-off lightning boost to the show with no message at [email protected] or directly to Chris at [email protected]

                                                                                                                                                                              • Value for Value
                                                                                                                                                                                • Podcasting 2.0 to support an indepenent podcasting ecosystem
                                                                                                                                                                                • Recomended Podcasting2.0 apps:
                                                                                                                                                                                  • Fountain podcast app (Android)
                                                                                                                                                                                  • Podverse (Cross platform and self hostable) + Alby for boosts
                                                                                                                                                                                  • Castamatic (Apple)
                                                                                                                                                                                  • Sponsors and Acknowledgements

                                                                                                                                                                                    Music by Lesfm from Pixabay

                                                                                                                                                                                    Self Hosted Show courtesy of Jupiter Broadcasting

                                                                                                                                                                                    1 hr 21 min
                                                                                                                                                                                  • Episode 96: Paypal is a Crypto Company
                                                                                                                                                                                    Pre-Show
                                                                                                                                                                                    • Sam is back in jail, it only took a few months of witness tampering to revoke his bail
                                                                                                                                                                                      • FTX's Sam Bankman-Fried sent to jail over witness tampering
                                                                                                                                                                                      • News
                                                                                                                                                                                        • The bitcoin wallet, only affects seeds generated by libbitcoin library, MilkSad vulnerability is fascinating and ties into the history of bitcoin, some amazing personalities, the changes in bitcoin's culture over time

                                                                                                                                                                                          • Andreas is no longer updateing his books, not that its his fault, just part of the CF
                                                                                                                                                                                          • Bank of Ireland IT blunder allows customers to withdraw more than account balances

                                                                                                                                                                                          • An etherium based ERC-20 USD stablecoin from PayPal? This is the future of finance

                                                                                                                                                                                            • Watch PayPal Expects New PYUSD Stablecoin Use Throughout DeFi Ecosystem - Bloomberg
                                                                                                                                                                                            • Economics
                                                                                                                                                                                              • Zoltan Poszar has thought that our banking crisis would end up on the government's balance sheet for a decade

                                                                                                                                                                                              • China Evergrand, a massive residential property developer, has filed for bankruptcy, and it might be China's Lehman moment

                                                                                                                                                                                              • Altcoins
                                                                                                                                                                                                • Some NFT schadenfreude at OpenSea, an altcoin NFT marketplace, strips NFT creators of 'royalty' payments they likely thought were consensus enforced
                                                                                                                                                                                                • Bitcoin Education
                                                                                                                                                                                                  • This bitcoin optech is FIRE, might be an entire epsisode
                                                                                                                                                                                                  • Yes, there is a bitcoin trained LLM to answer your bitcoin questions, epic
                                                                                                                                                                                                  • Feedback
                                                                                                                                                                                                    • Remember to get in touch [email protected] or @bitcoindadpod on twitter

                                                                                                                                                                                                    • Consider joining the matrix channel using a matrix client like element, details here

                                                                                                                                                                                                    • 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
                                                                                                                                                                                                        • Find the Bitcoin Dad Pod on the Podcast Index
                                                                                                                                                                                                        • Boost right from the page!
                                                                                                                                                                                                        • Send a re-ocurring or one-off lightning boost to the show with no message at [email protected] or directly to Chris at [email protected]

                                                                                                                                                                                                        • Value for Value
                                                                                                                                                                                                          • Podcasting 2.0 to support an indepenent podcasting ecosystem
                                                                                                                                                                                                          • Recomended Podcasting2.0 apps:
                                                                                                                                                                                                            • Fountain podcast app (Android)
                                                                                                                                                                                                            • Podverse (Cross platform and self hostable) + Alby for boosts
                                                                                                                                                                                                            • Castamatic (Apple)
                                                                                                                                                                                                            • Sponsors and Acknowledgements

                                                                                                                                                                                                              Music by Lesfm from Pixabay

                                                                                                                                                                                                              Self Hosted Show courtesy of Jupiter Broadcasting

                                                                                                                                                                                                              1 hr 3 min
                                                                                                                                                                                                            • Episode 95: Where's my ETF SEC-ski?
                                                                                                                                                                                                              Pre-Show
                                                                                                                                                                                                              • Ark 21Shares Spot Bitcoin (BTC) ETF Application Decision Delayed by SEC
                                                                                                                                                                                                              • The SEC has a total of 240 days to make a final decision on an application after it starts reviewing one. The SEC is giving the general public three weeks to weigh in on the proposal itself, and an additional five weeks to respond to those initial slate of comments.

                                                                                                                                                                                                                SEC Sounds Kinda Bullish...
                                                                                                                                                                                                                • Bitcoin Magazine on Twitter: "NEW - 🇺🇸 SEC on ARK Invest's spot #Bitcoin ETF: "The regulated market of significant size test does not require that the spot bitcoin market be regulated in order for the Commission to approve this proposal."
                                                                                                                                                                                                                • "In sum, the Exchange believes that this proposal is consistent with the requirements of Section 6(b)(5) of the Act, that this filing sufficiently demonstrates that the CME Bitcoin Futures market represents a regulated market of significant size, and that on the whole the manipulation concerns previously articulated by the Commission are sufficiently mitigated to the point that they are outweighed by investor protection issues that would be resolved by approving this proposal

                                                                                                                                                                                                                  • Bettermarkets, an anti-bitcoin advocacy group, Released a statement saying the surveillance-sharing agreements set up in proposals were "wholly inadequate."

                                                                                                                                                                                                                  • The next decision should come on November 11 with the final day for a decision on January 10, 2024.

                                                                                                                                                                                                                  • News
                                                                                                                                                                                                                    • The Bitcoin Lightning network, a series of stateful payment channels, is getting better with anchor outputs shipping in LDK (Lightning Development Kit), a dev kit that many popular wallets are built around
                                                                                                                                                                                                                    • Economics
                                                                                                                                                                                                                      Inflation Snapshot
                                                                                                                                                                                                                      • July PPI inflation rises to 0.8%, above expectations of 0.7%.
                                                                                                                                                                                                                      • Core PPI inflation remained unchanged at 2.4%, above expectations of 2.3%.
                                                                                                                                                                                                                      • Renter Inflation 8%
                                                                                                                                                                                                                      • Shelter Inflation 7.7%
                                                                                                                                                                                                                      • Average interest rates
                                                                                                                                                                                                                        • Credit Card: 25%
                                                                                                                                                                                                                        • Used Cars: 14%
                                                                                                                                                                                                                        • New Cars: 9%

                                                                                                                                                                                                                        • Total credit card debt in the US is up nearly $250 billion since 2020.

                                                                                                                                                                                                                        • There is a record $3.5 TRILLION of untapped credit card debt.

                                                                                                                                                                                                                          • Americans have only used ~22% of their credit card debt limit.
                                                                                                                                                                                                                          • Record levels of debt:

                                                                                                                                                                                                                            • Total Household Debt: $17.1 trillio
                                                                                                                                                                                                                            • This is the first monthly increase in PPI inflation since July 2022.
                                                                                                                                                                                                                            • n
                                                                                                                                                                                                                            • Auto Loans: $1.6 trillion
                                                                                                                                                                                                                            • Credit Card Debt: $1.0 trillion
                                                                                                                                                                                                                            • Student loans just hit a record $1.6 trillion.

                                                                                                                                                                                                                              • Interest on student loans has been suspended since 2020, but it set to resume next month.
                                                                                                                                                                                                                              • The Hidden Costs of Reshoring - Lyn Alden

                                                                                                                                                                                                                              • Newly discovered Bitcoin wallet loophole let hackers steal $900K

                                                                                                                                                                                                                              • A newly discovered vulnerability in the Libbitcoin Explorer 3.x library has allowed over $900,000 to be stolen from Bitcoin users, according to a report from blockchain security firm SlowMist.

                                                                                                                                                                                                                                Libbitcoin is a Bitcoin wallet implementation used by various applications, including Airbitz, Bitprim, Blockchain Commons, and Cancoin. SlowMist did not specify which applications are affected by the vulnerability.

                                                                                                                                                                                                                                The vulnerability, known as the “Milk Sad,” was first discovered by the cybersecurity team “Distrust” and reported to the CEV cybersecurity vulnerability database on Aug. 7. It involves a faulty key generation mechanism in the Libbitcoin Explorer, which allows attackers to guess private keys.

                                                                                                                                                                                                                                Altcoins
                                                                                                                                                                                                                                • MPC vulnerability found by Fireblocks affected many institutional crypto wallets
                                                                                                                                                                                                                                • In an Aug. 9 press release, Fireblocks said the series of vulnerabilities, dubbed BitForge, are affecting wallets using multi-party computation (MPC) technology, which allows for multiple parties to control and manage cryptocurrency holdings.

                                                                                                                                                                                                                                  • Bitgo, a bitcoin custodian, has expressed cautious interest in MPC wallet security while Fireblocks has embraced MPC as a cross platform universal security solution (of course FB has to since there's no native Etherium multisig)

                                                                                                                                                                                                                                  • XRP Price Temporarily Spiked to $50 on Gemini

                                                                                                                                                                                                                                  • Some market observers opined a seller placed a spoof order at $50 per XRP, which was unintendedly filled by a buyer who may have “fat-fingered” the trade.

                                                                                                                                                                                                                                  • Market depth data shows XRP liquidity on Gemini remains relatively low, with only a $37,000 order required to move prices by 2% on the exchange. In contrast, the same price move on Binance would require at least $2.2 million.

                                                                                                                                                                                                                                  • Gemini makes meme video about XRP kicking SEC's ass in annoucment of XRP now avaible for trading: https://twitter.com/Gemini/status/1689735727850938368

                                                                                                                                                                                                                                  • Tyler Pumps XPR: https://twitter.com/tyler/status/1690033448017113088

                                                                                                                                                                                                                                  • Bitcoin Education
                                                                                                                                                                                                                                    • Bitmex has a new research summary on DriveChains that covers some of the complexities of their security model
                                                                                                                                                                                                                                      • Some references on drivechain on stacker news
                                                                                                                                                                                                                                      • Including a Lyn Alden comment on supermajority changes and over engineering that implies she doesn't support drivechains
                                                                                                                                                                                                                                      • Cobo, a hardware wallet maker, has a breakdown on multi-party computation (MPC) that's a good introduction to the concept

                                                                                                                                                                                                                                      • Feedback
                                                                                                                                                                                                                                      • Remember to get in touch [email protected] or @bitcoindadpod on twitter

                                                                                                                                                                                                                                      • Consider joining the matrix channel using a matrix client like element, details here

                                                                                                                                                                                                                                      • Boosts
                                                                                                                                                                                                                                        • @halleck wanted some lightning node management ideas:

                                                                                                                                                                                                                                          • lightninglabs/lightning-terminal: Lightning Terminal: Your Home for Lightning Liquidity
                                                                                                                                                                                                                                          • Lightning Terminal | Umbrel App Store
                                                                                                                                                                                                                                          • @mermortalspodcast recomends watching The Big Lebowski

                                                                                                                                                                                                                                          • @jcxfnt recomends the documentary Nuclear Now

                                                                                                                                                                                                                                          • Thank you Boosters
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                                                                                                                                                                                                                                              • Value for Value
                                                                                                                                                                                                                                                • Podcasting 2.0 to support an indepenent podcasting ecosystem
                                                                                                                                                                                                                                                • Recomended Podcasting2.0 apps:
                                                                                                                                                                                                                                                  • Fountain podcast app (Android)
                                                                                                                                                                                                                                                  • Podverse (Cross platform and self hostable) + Alby for boosts
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                                                                                                                                                                                                                                                  • Sponsors and Acknowledgements

                                                                                                                                                                                                                                                    Music by Lesfm from Pixabay

                                                                                                                                                                                                                                                    Self Hosted Show courtesy of Jupiter Broadcasting

                                                                                                                                                                                                                                                    35 min
                                                                                                                                                                                                                                                  • Episode 94: Fitch Better Have My Money
                                                                                                                                                                                                                                                    Pre-Show
                                                                                                                                                                                                                                                    • Thank you Amy for a wonderful summary of the last week's crypto screwups and absurdities

                                                                                                                                                                                                                                                    • Payment problems are affecting our friends on Etsy, the online marketplace's payments system is holding up to 75% of sellers funds due to being garbage, as well as crypto journalist Amy Castor as patreon has had some bounced payments

                                                                                                                                                                                                                                                    • News
                                                                                                                                                                                                                                                      • At the same time as Fitch's downgrade: Tether Bought 1529 BTC in Q2, Holds More US Treasuries Than Australia
                                                                                                                                                                                                                                                      • Economics
                                                                                                                                                                                                                                                        • Fitch’s Debt Downgrade Is Unlikely to Deter Borrowing, Investors Say - The New York Times

                                                                                                                                                                                                                                                        • both Democrats and Republicans unmovable on policies that could improve the country’s fiscal position. These include, he added, changes to taxes, military spending, and Social Security and Medicare, which are expected to face ballooning costs as more baby boomers retire.

                                                                                                                                                                                                                                                        • Fitch's US Rating Downgrade Spotlights Debt Worry as Recession Fear Fades

                                                                                                                                                                                                                                                        • Treasury Secretary Janet Yellen called the downgrade “arbitrary” and “outdated.” Yellen has argued that rather than looking at debt-to-GDP, a better measure of sustainability is inflation-adjusted interest payments as a share of the economy — and that metric hasn’t been flashing warning lights.

                                                                                                                                                                                                                                                          Privacy
                                                                                                                                                                                                                                                          • Privacy and paypal are non compatible. GrapheneOS, a private mobile android operating system: "Unfortunately, PayPal permanently locked our GrapheneOS Foundation account today. No reason has been provided for the account being locked. All we've done is accept donations
                                                                                                                                                                                                                                                          • Altcoins
                                                                                                                                                                                                                                                            • Worldcoin Says It Will Let Interested 3rd Parties Use Its ID System
                                                                                                                                                                                                                                                            • the project also has fallen under investigation in France, UK, and Germany

                                                                                                                                                                                                                                                              • It also has typical altcoin tokenomics, i.e. low float and majority of coins in early investor hands

                                                                                                                                                                                                                                                              • Uniswap Delists HEX Token After SEC Deems It An “Unregistered Security”

                                                                                                                                                                                                                                                              • Bitcoin Education
                                                                                                                                                                                                                                                                • Bitcoin Optech #262 is heavy on the software updates and includes discussions of the pitfalls of blind signature signing
                                                                                                                                                                                                                                                                • Feedback
                                                                                                                                                                                                                                                                  • Remember to get in touch [email protected] or @bitcoindadpod on twitter

                                                                                                                                                                                                                                                                  • Consider joining the matrix channel using a matrix client like element, details here

                                                                                                                                                                                                                                                                  • 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
                                                                                                                                                                                                                                                                      • Find the Bitcoin Dad Pod on the Podcast Index
                                                                                                                                                                                                                                                                      • Boost right from the page!
                                                                                                                                                                                                                                                                      • Send a re-ocurring or one-off lightning boost to the show with no message at [email protected] or directly to Chris at [email protected]

                                                                                                                                                                                                                                                                      • Value for Value
                                                                                                                                                                                                                                                                        • Podcasting 2.0 to support an indepenent podcasting ecosystem
                                                                                                                                                                                                                                                                        • Recomended Podcasting2.0 apps:
                                                                                                                                                                                                                                                                          • Fountain podcast app (Android)
                                                                                                                                                                                                                                                                          • Podverse (Cross platform and self hostable) + Alby for boosts
                                                                                                                                                                                                                                                                          • Castamatic (Apple)
                                                                                                                                                                                                                                                                          • Sponsors and Acknowledgements

                                                                                                                                                                                                                                                                            Music by Lesfm from Pixabay

                                                                                                                                                                                                                                                                            Self Hosted Show courtesy of Jupiter Broadcasting

                                                                                                                                                                                                                                                                            59 min

                                                                                                                                                                                                                                                                          About Bitcoin Dad Pod

                                                                                                                                                                                                                                                                          From the publisher's feed

                                                                                                                                                                                                                                                                          The Bitcoin Dad is here to explain the context around the monetary revolution that is Bitcoin. The technological, social, and financial complexities of Bitcoin are hard to understand and your Bitcoin…