This Week in Bitcoin

Reina is back on the show. Her and I talk about the bitcoin ecosystem and make another trip around the world:

• India bitcoin legislation - what does the future hold?
• A national cryptocurrency in Iran
• DASH adoption in Venezuela
• China update: CSW and a WeChat message
• University students and cryptocurrency/blockchain adoption
• A worthy competitor to Bitmain emerges

Top stories for this week:

Bitconnect aftermath Bitcoin ETFs rejected again by the S.E.C. Was Bitmex victim of a DDoS attack? Research by Bitmex suggests Satoshi owns less coins than we thought The first jackpot winner in ETH ponzi 'Fomo3D' Woz is back and excited about crypto China has updated its crypto rankings China Bans: Shanghai and WeChat

Everyone, tune into Humans of Bitcoin this Monday night (EST) for an exclusive with Cody Wilson that will rock your world.

Lawsuits, internet arguments, they have become a staple. The bear market is in full force, so we bring you some tips to take advantage of it.

• AT&T has been sued by Bitangels Co-Founder
• Another lawsuit, this time by Playboy
• Washington Post journalist failing to understand cryptocurrency basics
• Is Bitcoin illegal in Saudi Arabia?
• The search for Satoshi has turned into an international hunt
• 5 ways to benefit from the Bear Market

China update

• Former Baidu executive Qi Lu joins American start-up incubator Y Combinator
• Rumors that founder of FCoin exchange Zhang Jian has been arrested

Nassim Taleb saw that the financial system was way too complex for any one to understand. He succeeded as a trader by learning how to deal with uncertainty.

His work (check out all of Nassim's books on Amazon - https://www.amazon.com/Nassim-Nicholas-Taleb/e/B000APVZ7W/ref=dbs_p_pbk_rwt_abau)is quite popular within the bitcoin community. Joey and I thought it would be worthwhile to look at some of his ideas through lens of Bitcoin:

- the Turkey problem - Risk taking and iterative action - Mediocristan vs extremistan - Fat Tails and asymmetries - IYIs - Dr. John and Fat Tony - Lindy effect - Antifragility - Learn by doing and iterating

Bitcoin.com developer and contrarian thinker Joey King is in da house. He provides his own spin on the latest news:

CEO Jack Dorsey is attracting criticism from the left for failing to ban figures it disagrees with, such as Infowars' Alex Jones, who was unceremoniously booted from Spotify, Youtube, and Apple's App Store in one fell swoop. Did the market panic because of the delayed ETF? Surprising coins being considered for Coinbase custody: Ripple, Bytecoin, Kik and Monero

• People around the world celebrate Bitcoin Cash Day
• Paul Krugman calls out bitcoin; we respond

• Use crypto and become a citizen of Antigua and Barbuda

• Kim Kardashian gets her first Bitcoin

• McAfee wallet, hackable or unhackable?

• A crypto scammer arrested for SIM jacking

• MacDonald's MacCoin

• Bill Clinton is invited to Ripple's Swell Conf

• NFL Players earning crypto?

• The SEC is overwhelmed by over 90 different letters about the Bitcoin ETF decision
• Altcoins seem to be dying
• Ross Ulbricht on twitter, beating changes, and fighting for his freedom
• Coinbase has formed a political action committee (PAC)
• Cryptosphere leaders dominate fortune's new ledger 40 under 40 list
• Coinbase launches crypto gift card service in Europe and Australia

What is it like running the largest node on the Lightning Network?

Andreas Brekken of Shitcoin.com shares his findings. Halfway through the project, we cover the following aspects of the LN:

• How easy is it to setup a node?
• The economics of opening channels
• Profitability of running a node
• Security from hackers
• Will there be future KYC/AML requirements?

• Bitcoin soaring and the Lightning Network
• An idea why an anti-crypto politician is blasting cryptocurrencies
• Are cryptocurrency exchanges creating fake volume?
• Is the age of Cryptocurrency Banks coming?
• New chairman of The Federal Reserve gave his opinion about cryptocurrencies

• Change.Org fights for Ross Ulbricht's freedom

China update

• Bitmain and BCH Tokens
• Head of Internet Finance Professional Committee Chen Yunfeng said lockchain projects share similarities with pyramid schemes

You may not think it when you glance at its current market value, but bitcoin is eating the world.

Specifically, it's eating a big chunk out of the devalued currencies in nations such as Venezuela, as citizens seek a refuge from the volatility of government issued money.

Reina Nakamoto is back and we cover the latest stories around the world:

• Hyperbitcoinization and a bright (or dim?) future
• The "next bitcoin"
• Have you sold bitcoin in the past? You may have issues with loans and mortgages
• More crypto issues with police in India
• New academic research reveals the short life of ICO projects
• A localbitcoins trader is going to prison
• The private beta of the Opera browser with an easy-to-use and built-in cryptocurrency wallet
• Mr. Stiglitz´s bitcoin prediction