Episode 55: Bad Policy Bad Outcomes

Episode 55: Bad Policy Bad Outcomes

Bitcoin Dad Pod

Pre-show Banter
SBF wasn't just a proponent of Effective Altruism, his career was defined by their philosophy (https://www.semafor.com/article/12/07/2022/charity-money-launched-sam-bankman-frieds-empire)
News
ECB staff threaten to strike over non-inflation adjusted wages (https://archive.ph/EXgSz)
CFTC declares Etherium, Tether, and bitcoin (https://cointelegraph.com/news/cftc-declares-ether-as-a-commodity-again-in-court-filing) commodities in a bizzare aside in a legal complaint against FTX and SBF (Scam Bankrupt Fraud)
This aside is likely necessary to establish CFTC jurisdiction (https://www.courtlistener.com/docket/66631227/1/commodity-futures-trading-commission-v-bankman-fried/)
Belgium has surprising reasonable regulatory guidance (https://cointelegraph.com/news/belgium-says-btc-eth-and-other-decentralized-coins-are-not-securities) regarding crypto assets but fails to identify the obfuscated centralized control of Etherium
U.S. Senator Elizabeth Warren's Digital Asset Anti-Money Laundering Act (warning government PDF) (https://www.warren.senate.gov/imo/media/doc/DAAML%20Act%20of%202022.pdf) seeks to define many individual participants in bitcoin as money transmiters (https://www.coincenter.org/the-digital-asset-anti-money-laundering-act-is-an-opportunistic-unconstitutional-assault-on-cryptocurrency-self-custody-developers-and-node-operators/)
It's a proposterous violation of the U.S. 1st Amendamnt and a sign that the attack on self custodial bitcoin is here (https://twitter.com/LynAldenContact/status/1603084941608341509)
The mainstream coverage of this unsophisticated attack on bitcoin is similarily uncritical and myopic (https://www.cnn.com/2022/12/14/business/elizabeth-warren-bipartisan-crypto-crackdown/index.html)
Lyn's right that fundamental fights about property rights (https://twitter.com/LynAldenContact/status/1603084959769661440?cxt=HHwWgMC8veDRpr8sAAAA) are coming
Economics
US Government interest on debt accelerating (https://twitter.com/charliebilello/status/1602445402657226752) per Lyn Alden's model of a government debt spiral
Privacy
Know Your Customer (KYC) and Anti-Money Laundering (AML) rules are, according to research (https://www.coindesk.com/layer2/sinweek/2022/08/31/the-perverse-impacts-of-the-anti-money-laundering-system/), an exercise in bureacratic 'ass covering' and do nothing to promote lawful economic activity or fair use of the financial system
Bitcoin Education
How does an etherium multisig (https://blog.keys.casa/how-casas-ethereum-wallet-works/) work? And what this tells us about bitcoin
Bitcoin Optech Newsletter #230 (https://bitcoinops.org/en/newsletters/2022/12/14/) has some cool links
Feedback
Remember to get in touch bitcoindadpod@protonmail.com or @bitcoindadpod (https://mobile.twitter.com/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), details here (https://www.jupiterbroadcasting.com/community/matrix/)
Listener Links
Ruling for rulers (https://www.youtube.com/watch?v=rStL7niR7gs), a video
Value for Value
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Sponsors and Acknowledgements
Music by Lesfm from Pixabay
Self Hosted Show (https://selfhosted.show/) courtesy of Jupiter Broadcasting (https://www.jupiterbroadcasting.com/)

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