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Episode 23: Bulls, Bears, and Pigs
Bitcoin Dad Pod

Episode 23: Bulls, Bears, and Pigs

Jun 20 2022 • 1hr 58m
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Show Notes

Pre-show
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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/)
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@jt
5,000 sats
Jun 22 2022
Liquidity Check
@kaas_peeland
3,690 sats
Jun 21 2022
great show like the thechmical details
@trugrytz
3,000 sats
Jun 22 2022
I loved the list of privacy proposal's. Always love me some Seth for Privacy too, so good episodes IMHO! Only thing that could make it better is Chris! Hope you had a good trip, Chris! Thank you Dad!
@isatoshiwithyou
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Jun 22 2022
I sm glad I found your podcast 🙏🏼
@321040527
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@afcardoso
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Sep 5 2022
@fiat_is_slavery
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Jun 22 2022
Well done, clearly you are well versed on the technical side
@coryelyykebycyndryke
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@coryelyykebycyndryke
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Sep 13 2022