Intro SBF, former CEO of crypto Ponzi scheme FTX, stole literally billions (https://www.thenationalnews.com/business/money/2023/03/16/sam-bankman-fried-transferred-22bn-in-ftx-customer-funds-for-personal-use-filings-show/) of customer deposits and investor funds Forbes nails it again (https://twitter.com/nights62/status/1636438392824283136) ## News 🎶 Convert any audio to text 📝 Signature Bank, the 'other' crypto-focused bank, has been nationalized (https://www.cnbc.com/2023/03/13/signature-bank-third-biggest-bank-failure-in-us-history.html) along with Sillicon Valley Bank (SVB) per an FDIC announcement (https://www.fdic.gov/news/press-releases/2023/pr23017.html) The US President was consulted Signature Banks wasn't bankrupt (https://nymag.com/intelligencer/2023/03/barney-frank-says-more-shuttering-signature-bank.html), it was nationalized as part of anti crypto-banking policy Central Banks globally are panicked and announcing (https://www.federalreserve.gov/newsevents/pressreleases/monetary20230319a.htm) policy coordination Economics Can a bank be too safe (https://twitter.com/LynAldenContact/status/1635377628608856064?cxt=HHwWgIDQrbzSg7ItAAAA)? Yes, according to the US Federal Reserve. A history of account insurance limits (https://twitter.com/lynaldencontact/status/1634761951761903618) by the US Federal Deposit Insurance Corporation Lyn Alden's explainer on bank runs (https://www.lynalden.com/march-2023-newsletter/) puts the last week of bank chaos into context Bitcoin Education RoninDojo is selling pixel6 mobile phones (https://ronindojo.io/en/roninmobile) pre-loaded with Graphene or CalyxOS Let's talk macaroons (https://docs.lightning.engineering/lightning-network-tools/lnd/macaroons) per a listener email 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/) Links LN Address (http://lnaddress.me/) can be used to setup a reusable lightning address openai-whisper-cpu: Improving transcription performance of OpenAI Whisper for CPU based deployment (https://github.com/MiscellaneousStuff/openai-whisper-cpu) Thank you Boosters If you get some value from this show, please consider sending a boost. Hearing from you means a lot to us! Send a Boost via the Podcast Index web page. No Podcast app upgrade required. Install Alby (https://getalby.com/) Find the Bitcoin Dad Pod on the Podcast Index (https://podcastindex.org/podcast/5049889) Boost right from the page! 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) Podverse (https://podverse.fm/) (Cross platform and self hostable) + Alby (https://getalby.com/) for boosts Castamatic (https://apps.apple.com/us/app/castamatic-podcast-player/id966632553) (Apple)+ Podcasting 2.0 to support an indepenent podcasting ecosystem (https://podcastindex.org/) Sponsors and Acknowledgements Music by Lesfm from Pixabay Self Hosted Show (https://selfhosted.show/) courtesy of Jupiter Broadcasting (https://www.jupiterbroadcasting.com/)