Episode 80: Hardware Wallet Web Backup

Episode 80: Hardware Wallet Web Backup

Bitcoin Dad Pod

Pre-Show
Etherium transactions stopped finalizing briefly (https://www.coindesk.com/tech/2023/05/17/ethereums-loss-of-finality-what-happened/) last week but it didn't really cause issues
News
Altcoins
Ledger Recovery is a terrible idea poorly executed (https://stacker.news/items/179721) but its understandable that this model of crypto custody would be tried eventually
How Nunchuk multisig wallet works (https://nunchuk.io/how-it-works), an alternative inheritance strategy
Seth also explains what's wrong (https://nitter.it/sethforprivacy/status/1658544658761277447)
No Grayscal trust for FileCoin (https://www.coindesk.com/policy/2023/05/17/filecoin-price-drops-after-sec-asks-grayscale-to-withdraw-fil-trust-application/) says SEC
Even Justin Sun says FileCoin (https://eng.ambcrypto.com/is-filecoin-an-exit-scam-asks-trons-justin-sun/) is a pump and dump scam
How does Filecoin work? It's complicated. (https://docs.filecoin.io/basics/what-is-filecoin/overview/)
https://fiatjaf.com/d5031e5b.html
Economics and Banking
Arthur's latest blog post The Denominator (https://blog.bitmex.com/the-denominator/) explores the changing risk in the US banking system and the implications for long term growth (bad) (TLDR: nationalize banking system and bitcoin wins or don't but cut rates, bitcoin wins)
Europe has its first Bitcoin ETF (https://bitcoinmagazine.com/markets/jacobi-asset-management-to-launch-spot-bitcoin-etf-europe), how is Europe lapping the US in cyrpto finance (https://www.coindesk.com/policy/2023/05/16/eus-crypto-legal-framework-inches-towards-law-with-finance-ministers-sign-off/)
Bitcoin Education
Fiatjaf's idea to use spacechains and fedimints (https://www.nobsbitcoin.com/using-spacechains-and-fedimint-to-solve-scaling/) to scale bitcoin transcation throughput
Feedback
Remember to get in touch bitcoindadpod@protonmail.com or @bitcoindadpod (https://mobile.twitter.com/bitcoindadpod) on twitter
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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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