Episode 27: Stock to Seagulls

Jul 10 2022 • 58m

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Show Notes

News
Debunking the bitcoin stock-to-flow (S2F) model (https://bitcoinmagazine.com/markets/why-bitcoin-stock-to-flow-is-not-useful)
Embarassed to say that I didn't question it more
Confirmation bias/group think is real
Let's wade into Nic Carter's critique of bitcoin maximalism (https://medium.com/@nic__carter/setting-the-record-straight-b4e1b415e7d9) and Pete Rizzo's rebuttal (https://www.forbes.com/sites/peterizzo/2022/07/04/bitcoin-maximalism-is-dead-long-live-bitcoin-maximalism/)
Revisiting Rizzo's early piece on bitcoin maximalism (https://www.forbes.com/sites/peterizzo/2022/03/28/bitcoin-after-2140-differing-views-on-the-future-of-the-future-of-money/) provides context
Nic has serious bitcoin chops as evidenced by his website (https://niccarter.info/)
Economics
Arthur's breadown of the crypto lending crash (https://blog.bitmex.com/number-three/)
Doesn't dwell on the alleged fraud at 3ac
Economic research paper linking ETFs to lower wages (https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4113449)
Tokenomics
CAR is creating their own altcoin (https://www.theblock.co/post/155665/central-african-republic-launches-national-cryptocurrency-called-sango-coin?utm_source=cashapp&utm_medium=rss) based on 'tokenized natural resources', just like Venezuela
Report on CAR paints a bleak picture of the country (https://bdatacenter.fr/wp-content/uploads/Report-from-the-Bitcoin-Delegation-in-the-Central-African-Republic.pdf)
Privacy
Hacked exchange accounts are cheaper than expected (https://www.privacyaffairs.com/dark-web-price-index-2021/) on the dark web
Chinese total surveillance police state apparently doesn't protect citizen data (https://twitter.com/ZeyiYang/status/1543409345815355399) particularily well
Similar leak detailed how China uses surveillance to commit genocide on the Uighers (https://theintercept.com/2021/01/29/china-uyghur-muslim-surveillance-police/)
The libertarian CATO Institute report on how inflation reduces financial privacy (https://www.cato.org/blog/how-inflation-erodes-financial-privacy)
CATO's 1998 newsletter (https://www.cato.org/sites/cato.org/files/serials/files/policy-report/1998/1/cpr-20n1.pdf) supporting Adam Back and the cypherpunks drive for encryption and privacy
Rember the clipper chip (https://en.wikipedia.org/wiki/Clipper_chip)?
Energy
IAE report on nuclear energy (https://www.iea.org/reports/nuclear-power-and-secure-energy-transitions/executive-summary) suggests that momentum for new nuclear power options is building, but sufficient nuclear to meaningfully impact climate change is still far away
Bitcoin Education
Lopp's excellent page of lightning resources (https://www.lopp.net/lightning-information.html)
Elizabeth's Stark's lightning network primer (https://www.coincenter.org/education/key-concepts/lightning-network/) is a good start
Blockstream has a schnorr half aggregation (https://blog.blockstream.com/half-aggregation-of-bip-340-signatures/) proposal
You can view it in their cross input signature aggregation (CISA) (https://github.com/ElementsProject/cross-input-aggregation) repo
Feedback
Remember to get in touch bitcoindadpod@protonmail.com or @bitcoindadpod on twitter
Consider joining the matrix channel (https://matrix.to/#/#bitcoin:jupiterbroadcasting.com) using a matrix client like element (https://element.io/get-started)
Value for Value
Podcasting 2.0 to support an indepenent podcasting ecosystem (https://podcastindex.org/)
Recomended Podcasting2.0 apps:
Fountain (https://www.fountain.fm/) podcast app (Android & Apple)
Podverse (https://podverse.fm/) (Cross platform and self hostable)
Castamatic (https://apps.apple.com/us/app/castamatic-podcast-player/id966632553) (Apple)
Sponsors and Acknowledgements
Music by Lesfm from Pixabay
Self Hosted Show (https://selfhosted.show/) courtesy of Jupiter Broadcasting (https://www.jupiterbroadcasting.com/)