Bitcoin Dad Pod
Episode 19: The birds and the CBDCs
May 29 2022 • 1hr 40m
Circle doesn't want (https://www.coindesk.com/policy/2022/05/25/circle-asks-us-fed-not-to-step-on-its-toes-by-launching-a-digital-dollar/?utm_medium=referral&utm_source=rss&utm_campaign=headlines) CBDC competition
The American Banking Association recognizes that a CBDC would kill the current banking system (https://www.aba.com/advocacy/policy-analysis/aba-comments-on-fed-discussion-paper-money-and-payments)
Savings rates fall in the USA (https://fred.stlouisfed.org/series/PSAVERT) amid increasing economic uncertainty
Russia is already thinking about cryptocurrency (https://www.reuters.com/article/idUSL5N2XJ35C) for international transfers
CryptoVoices global monetary base (https://nitter.net/crypto_voices/status/1527572272613142528) report is out!
High speed blockchains economically centralize (https://bitcoin.stackexchange.com/questions/113505/how-would-faster-blocks-cause-mining-centralization) according to Murch
US Power grid may fail (https://www.vice.com/en/article/dypnja/majority-of-us-power-grid-at-risk-of-failure-this-summer-report-warns) this summer
California Warning Alarms since 2018 about hydro (https://link.springer.com/article/10.1007/s10584-018-2329-5)
58% of the state's natural gas units have been retired since 2015, amounting to 6,500 megawatts of generating capacity.
California and the West face likely power outages this summer (https://www.axios.com/2022/05/27/california-west-drought-electricity-grid-outages)
NERC sounds alarm on solar tripping in 'sobering' summer reliability report (https://www.utilitydive.com/news/nerc-summer-reliability-report-west-miso-ercot/624043/)
California Water Usage in Crops, and the Water Value of Almonds (https://sites.uci.edu/energyobserver/2015/04/21/california-water-usage-in-crops-and-the-water-value-of-almonds/)
German officials agitating to ban telegram (https://www.reuters.com/world/europe/politician-says-germany-should-ban-telegram-unless-it-tackles-extremist-content-2021-12-14/)
Guide to P2P bitcoin (https://thebitcoinmanual.com/buying-btc/dex/) exchanges
Bitcoin Optech focuses on package relay (https://bitcoinops.org/en/newsletters/2022/05/25/) ... which might be the perfect BIP
Remember to get in touch firstname.lastname@example.org or @bitcoindadpod on twitter
Wallets Recovery (https://walletsrecovery.org/) for help recovering wallets from seed phrase
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/)
I should have listened to the latest episode before boosting! You explained Bip39 perfectly in episode 19. In a second attempt to drop some knowledge I'll direct you to output descriptors. Output descriptors are an attempt to solve the Bip39 issue of missing derivation information in wallet backups. Output descriptors are most prominently implemented in the popular Muun Wallet although a number of other wallets support them: outputdescriptors.org. I love the show, keep up the good work!
Forget about Telegram, get an XMPP server and use OMEMO. There's modern XMPP apps out there like Dino on desktop and Conversations on Android. Works great my family uses it everyday!
I've listened to every episode and I still can't figure out why y'all are talking about Italian cars all the time.
Love the table of contents in the intro! Great to get a tldr of whats in the episode
the earlier you started with Bitcoin the more regrets you have makes sense with all that has happened… Goal is to stack sats hard but also spend occasionally so the adaptation takes effect simply holding and not spending is great but not for the growth of adaptation or hyperbitcoinization!!!!
hey from jon
But but TPS!!! 🤪😜🤪😜🤪😜🤪😜😜