Intro
If you can shutdown your blockchain (https://www.coindesk.com/business/2023/03/09/hedera-turns-off-services-after-network-irregularities) when 'network irregularities' are detected...it's not a decentralized system
Lido, the centralized staking crypto as a service company, has a an unregistered security LDO that crashed on rumors of a Wells Notice (https://web3isgoinggreat.com/?id=lido-token-price-tanks-after-podcaster-spreads-inaccurate-rumor-of-wells-notice)
News
A B
+ The US treasury has some thoughts on CBDCs (https://home.treasury.gov/news/press-releases/jy1314?utm_source=newsletter&utm_medium=email&utm_campaign=newsletter_axioscryptocurrency&stream=business#_ftnref4), and most have to do with projecting US financial power, not creating great money
Silvergate Bank, an important crypto banking institution, is winding down operations (https://archive.ph/3U6g6) after a bank run and regulatory pressure
Sillicon Valley Bank, a regional California bank that focuses on startup and tech company banking, has been closed by regulators (https://www.coindesk.com/policy/2023/03/10/silicon-valley-bank-shuttered-by-state-regulators/) due to 'solvency and liquidity concerns'
U.S. government takes control of Silicon Valley Bank (https://www.axios.com/2023/03/10/silicon-valley-bank-government-control-fdic)
Reports are circulating that Gemini, a New York based crypto exchange, might be losing their banking access (https://web3isgoinggreat.com/?id=gemini-reportedly-loses-banking-with-jpmorgan) from JP Morgan
The New York Attourney General, a public prosecutor who represents all residents of New York state, is suing KuCoin (https://www.coindesk.com/policy/2023/03/09/new-york-attorney-general-sues-crypto-exchange-kucoin-alleges-ether-is-a-security/) for offering unregistered securities
Etherium is argued to be a security (https://iapps.courts.state.ny.us/nyscef/ViewDocument?docIndex=XDXIUrIw3tVafxqwEqVfKw==) in this lawsuit (PDF Warning)
Erik Voorhees on Twitter (https://twitter.com/ErikVoorhees/status/1633946600891400193)
"So the state will attack BTC for using electricity, and ETH for being a security. Wise people in crypto will defend both, easily. The attack will fail on both counts, and the blocks will keep ticking... and on the horizon you can almost see fiat's arms flailing in desperation."
The energy attack on bitcoin (https://twitter.com/level39/status/1634219832085295112) is pretense, but ETH is still probably a security
Why is Arthur Hayes explaining synthetic dollars (https://blog.bitmex.com/dust-on-crust/) againhttps://h.docs.lol/bViitnHOQFmgjUaruEMUCQ#? Does it have to do with stablecoins achilles heel being banking?
Bitcoin Education
Bitcoin Optech #241 covers new Core Lightning features (https://bitcoinops.org/en/newsletters/2023/03/08/) and the Bitcoin Inqisition (https://bitcoincore.reviews/bitcoin-inquisition-16) soft fork testnet project
FeedbackA B
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/)
Thank you Boosters
If you get some value from this show, please consider sending a boost. Hearing from you means a lot to us!
A B
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 sA Bupport 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/)
If you can shutdown your blockchain (https://www.coindesk.com/business/2023/03/09/hedera-turns-off-services-after-network-irregularities) when 'network irregularities' are detected...it's not a decentralized system
Lido, the centralized staking crypto as a service company, has a an unregistered security LDO that crashed on rumors of a Wells Notice (https://web3isgoinggreat.com/?id=lido-token-price-tanks-after-podcaster-spreads-inaccurate-rumor-of-wells-notice)
News
A B
+ The US treasury has some thoughts on CBDCs (https://home.treasury.gov/news/press-releases/jy1314?utm_source=newsletter&utm_medium=email&utm_campaign=newsletter_axioscryptocurrency&stream=business#_ftnref4), and most have to do with projecting US financial power, not creating great money
Silvergate Bank, an important crypto banking institution, is winding down operations (https://archive.ph/3U6g6) after a bank run and regulatory pressure
Sillicon Valley Bank, a regional California bank that focuses on startup and tech company banking, has been closed by regulators (https://www.coindesk.com/policy/2023/03/10/silicon-valley-bank-shuttered-by-state-regulators/) due to 'solvency and liquidity concerns'
U.S. government takes control of Silicon Valley Bank (https://www.axios.com/2023/03/10/silicon-valley-bank-government-control-fdic)
Reports are circulating that Gemini, a New York based crypto exchange, might be losing their banking access (https://web3isgoinggreat.com/?id=gemini-reportedly-loses-banking-with-jpmorgan) from JP Morgan
The New York Attourney General, a public prosecutor who represents all residents of New York state, is suing KuCoin (https://www.coindesk.com/policy/2023/03/09/new-york-attorney-general-sues-crypto-exchange-kucoin-alleges-ether-is-a-security/) for offering unregistered securities
Etherium is argued to be a security (https://iapps.courts.state.ny.us/nyscef/ViewDocument?docIndex=XDXIUrIw3tVafxqwEqVfKw==) in this lawsuit (PDF Warning)
Erik Voorhees on Twitter (https://twitter.com/ErikVoorhees/status/1633946600891400193)
"So the state will attack BTC for using electricity, and ETH for being a security. Wise people in crypto will defend both, easily. The attack will fail on both counts, and the blocks will keep ticking... and on the horizon you can almost see fiat's arms flailing in desperation."
The energy attack on bitcoin (https://twitter.com/level39/status/1634219832085295112) is pretense, but ETH is still probably a security
Why is Arthur Hayes explaining synthetic dollars (https://blog.bitmex.com/dust-on-crust/) againhttps://h.docs.lol/bViitnHOQFmgjUaruEMUCQ#? Does it have to do with stablecoins achilles heel being banking?
Bitcoin Education
Bitcoin Optech #241 covers new Core Lightning features (https://bitcoinops.org/en/newsletters/2023/03/08/) and the Bitcoin Inqisition (https://bitcoincore.reviews/bitcoin-inquisition-16) soft fork testnet project
FeedbackA B
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/)
Thank you Boosters
If you get some value from this show, please consider sending a boost. Hearing from you means a lot to us!
A B
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 sA Bupport 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/)
Activity