Bitcoin Dad Pod

Episode 93: FedNot

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News

  • Fednow, the Federal Resrves new payment system for instant payments, has finally launched with '35 early-adopting banks and credit unions, as well as the U.S. Department of the Treasury’s Bureau of the Fiscal Service'

  • The US House of Representatives Fianncial Services Comittee, a House subgroup focusing on financial law, submitted a bipartisan crypto market bill to the Aggriculture Comitte (which oddly is above it)

    • This bill would then be submitted to the house, likely would not pass
    • Contains the language for ICOs to become sufficiently decentralized and graduate into commodities
      • Economics
      • Commodity traders Goehring and Rozencwajg the patterns of commodity bull runs and the relation to shifts in global monetary standards
      • Jesse Myers, aka CroessusBTC, observes the shifting Overton window of bitcoin and how very little interest it needs to get really bullish
      • Dedollarization slowly proceeds with Argentina using Chinese RMB to pay off IMF debt
        • Privacy

        • The Director of Investigations at Chainalysis, a blockchain surveillance and ant-privacy firm, unaware of scientific basis of their surveillance product

          • The actual recorded testimony clarifies that Chainalysis does not validate their results (why would they? Just trust us)

          • The FBI arrested the admin of a Mastadon server on charges unrelated to the server, but seized all his electronic devices (common clause in arrest warrants) wich included a backup of all server data

            • Just getting off twitter doesn't solve the problem of privacy online
              • Energy and Bitcoin
              • Yet another bitcoin argument for mining logically reaching zero emissions
              • But what's the real energy disconnect between Greenpeace/COP21 and bitcoin energy maximalists? Doomberg thinks that the core fallacy is the economic theory of degrowth that associates growth and environmental destruction.
                • Listen to Doomberg, Rozencwag, and Anas Alhaji on energy investing and shfiting ESG narratives
                  • Bitcoin Education
                  • Bitcoin Optech #261 covers lightning protocol discussions on the bitcoin dev mailing list, as well as an interesting stack overflow where Peter Wuille explains why a bitcoin seed should probably have more than 128 bits of entropy, but individual addresses don't
                    • 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

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                              • Sponsors and Acknowledgements

                              Music by Lesfm from Pixabay

                              Self Hosted Show courtesy of Jupiter Broadcasting

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