Episode 76: Banks Fail and Nobody Cares

Episode 76: Banks Fail and Nobody Cares

Bitcoin Dad Pod

Pre-Show
The AdoptingBTC conference (https://pretix.eu/galoy/ab23/) in El Salvador on November 7th
News
The U.S. Whitehouse is proposing a new tax (https://www.nobsbitcoin.com/biden-admin-bitcoin-mining-tax/) on electricity used by bitcoin miners
Jen W, a journalist at NYMAG, has a great expose (https://nymag.com/intelligencer/2023/05/is-the-federal-government-trying-to-kill-off-crypto.html) on the regulatory hurdles being used to drive "Crypto" businesses out of the United States
Glassnode, a blockchain data providor, reviews what moved on the bitcoin blockchain (https://insights.glassnode.com/the-week-onchain-week-18-2023/) this week
Lyn Alden on the structure and implications of open monetary networks (https://www.lynalden.com/open-networks/) .i.e. the very structure and rules of money create the current state of society
Altcoins
Coinmetrics on MakerDAO (https://archive.is/wip/n9kLQ), a decentralized collateralized stablecoin, that is struggling to remain decentralized and stable
Economics and Banking
First Republic bank is has been sold to JP Morgan (https://wolfstreet.com/2023/05/01/first-republic-zombie-bank-dismembered-pieces-handed-to-jp-morgan-uninsured-depositors-bailed-out-stockholders-some-bondholders-bailed-in/) as the U.S. Banking crisis accelerates
Though some regional banks dispute claims (https://www.businesswire.com/news/home/20230504005831/en/Western-Alliance-Bancorporation-Issues-Statement-Disputing-Recent-Financial-Times-Article) of their financial distress
Even the IMF's own research (https://www.imf.org/en/Publications/WP/Issues/2022/11/11/Wage-Price-Spirals-What-is-the-Historical-Evidence-525073) don't support the wage-price spiral argument that justifies current central bank anti-employment policy
Privacy
Lets talk payjoins (https://www.nobsbitcoin.com/tracking-payjoin-adoption/) and other
Bitcoin Education
Bitcoin Optech #249 covers another proposal for bitcoin vaults (https://bitcoinops.org/en/newsletters/2023/05/03/) and waxwing's thoughts on adapter signatures which are necessary for new taproot multisig constructions
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/)
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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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