Pre-show Support the show by providing some inbound liquidity to our lightning node 02cbf971eb8b827099f3eae47ab2a7d8174fbfaef6a1357115ab7d81a545f6c900@2nkaxx55mc6mh4vdwh3eygtyt2hjyxh3vm7ge5lq5ryy2exvt2hdijyd.onion:9735 Welcome to the Bear Market If bitcoin is dead...why is the federal reserve doubling down on their FedNow (https://www.reuters.com/markets/us/feds-powell-us-digital-dollar-could-help-maintain-international-primacy-2022-06-17/) CBDC bitcoin clone? Hilarious video (https://www.frbservices.org/financial-services/fednow/prepare-for-fednow/watch-get-ready-fednow-video) touting its benefits The US White House is also doubling down on CBDCs (https://www.meritalk.com/articles/white-house-placing-urgency-on-cbdc-research/) Centralized solutions enable MORE monetary policy, not less, delaying the debt crisis (https://www.reuters.com/markets/us/feds-powell-us-digital-dollar-could-help-maintain-international-primacy-2022-06-17/) Reading list for the Bear Market Mastering Bitcoin (https://www.amazon.com/Mastering-Bitcoin-Programming-Open-Blockchain/dp/1491954388/ref=sr_1_1?keywords=mastering+bitcoin+antonopoulos&qid=1655709032&s=books&sprefix=mastering+bit%2Cstripbooks%2C182&sr=1-1) by Andreas Antonopolus Programing Bitcoin (https://www.amazon.com/Programming-Bitcoin-Learn-Program-Scratch/dp/1492031496) by Jimmy Song Grokking Bitcoin (https://www.amazon.com/Grokking-Bitcoin-Kalle-Rosenbaum/dp/1617294640/ref=sr_1_1?keywords=grokking+bitcoin&qid=1655709080&s=books&sprefix=grokking+bit%2Cstripbooks%2C170&sr=1-1) is less technical, more like a comic A hands on course for using a bitcoin node (https://github.com/BlockchainCommons/Learning-Bitcoin-from-the-Command-Line/blob/master/01_0_Introduction.md) from the command line News Congressional Research Service releases a paper describing current stablecoin regulatory frameworks (https://crsreports.congress.gov/product/pdf/LSB/LSB10753) and a followup that outlines the regulatory options (https://crsreports.congress.gov/product/pdf/LSB/LSB10754) Jack Mallers gives a great interview (https://www.youtube.com/watch?v=ZpKa1fzEKr4) with Business Insider and they don't publish it Great response to every piece of FUD thrown at bitcoin, train up for no-coiner debates Economics Lyn Alden details the European Central Bank's monetary trap (https://www.lynalden.com/ecb-trapped/) The Federal Reserve's Plan was a recession all along (https://wolfstreet.com/2022/06/15/fed-stops-dillydallying-so-ok-maybe-no-softish-landing-markets-on-their-own/) Cisco is a tech canary, when they freeze hiring (https://www.theregister.com/2022/06/16/cisco_dials_back_on_hiring/) it's a red flag Tokenomics Celsius network halts withdrawls, appears insolvent (https://bitcoinmagazine.com/markets/celsius-halts-bitcoin-withdrawals-what-went-wrong) and poised to take down other stealth crypto hedgefunds and lenders like 3ac (https://nitter.net/Danny8BC/status/1537224378554806272#m) Who could have known that the NBA would create huge numbers of NFTs (https://www.theverge.com/23153620/nba-top-shot-nft-bored-ape-yacht-club) to satsify demand for Top Shots, tanking their price? Lyn's post-mortem of the vurrent crypto crash (https://www.lynalden.com/digital-alchemy/) is also required reading to undrestand why all the alts go down and how that doesn't affect bitcoin's value proposition Arthur Hayes latest blog post (https://blog.bitmex.com/floaters/) is a mix of failed predictions and an attempt to pump his DEX bags Privacy DuckDuckGo searches seem to be plateauing (https://searchengineland.com/duckduckgo-drops-below-100-million-searches-per-day-385835), might just be a blip but demand for privacy seems to be a persistent issue Bitcoin Education A list of bitcoin privacy proposals (https://sethforprivacy.com/posts/proposed-bitcoin-privacy-improvements/) by Seth for Privacy Certified Bitcoin Professional test (https://cryptoconsortium.org/certifications/) Bolt Hackathon tutorials (https://www.youtube.com/c/bolt-fun) on youtube if you want to get started building on lightning Feedback Remember to get in touch bitcoindadpod@protonmail.com or @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) Corrections None today! Value for Value Podcasting 2.0 to support an indepenent podcasting ecosystem (https://podcastindex.org/) The Fountain (https://www.fountain.fm/) podcast app Sponsors and Acknowledgements Music by Lesfm from Pixabay Self Hosted Show (https://selfhosted.show/) courtesy of Jupiter Broadcasting (https://www.jupiterbroadcasting.com/)