Episode 33: All Roads Lead to Bitcoin

Episode 33: All Roads Lead to Bitcoin

Bitcoin Dad Pod

News
Israel bans more cash transactions (https://www.jpost.com/business-and-innovation/banking-and-finance/article-713354)
Consistent with financial surveillance trends
Israel did YYC in the 1980s
Australian police to expand asset seizures to cryptocurrency (https://www.theage.com.au/politics/victoria/police-to-get-sweeping-new-asset-seizure-powers-20220802-p5b6g5.html)
Economics
ECB paper ponders the holy grail (https://www.ecb.europa.eu/pub/pdf/scpwps/ecb.wp2693~8d4e580438.en.pdf?972bbc119868c193467dc86f4a7cf706) of cross-border settlement
Concludes bitcoin is not credible due to volatility and POW
Somehow forgets issues inherent in fiat system
SwissRE concludes that the last 14 years of financial policy have been a tax (https://www.swissre.com/institute/research/topics-and-risk-dialogues/economy-and-insurance-outlook/expertise-publication-financial-repression-here-to-stay.html) on ordinary people
3.5% for housholds which means you lose 67% over 14 years
1.5% for institutional bondholders which means you lose 23% over 14 years
Tokenomics
Major Solana projects were the work of two brothers (https://www.coindesk.com/layer2/2022/08/04/master-of-anons-how-a-crypto-developer-faked-a-defi-ecosystem/) pretending to be 11+ developers
Energy
Recession or not, the US is hitting the limit of available fossil fuel energy (https://www.reuters.com/article/usa-diesel-kemp/column-u-s-diesel-shortage-shows-economy-hitting-capacity-limit-kemp-idUSL1N2ZG19Z)
This is a PSA that we need grown up energy policy worldwide
An idea how gold fits into modern portfolio construction (https://portfoliocharts.com/portfolio/golden-butterfly/), it's scarcity fundamentally comes from energy
Bitcoin Education
Stablesats makes USD to bitcoin (https://bitcoinmagazine.com/technical/galoy-brings-us-dollars-to-bitcoin) accounts
Have we ever actually explained bitcoin? (https://bitcoin.org/en/how-it-works)
Checkout Jameson Lopp's research on metal seed backups (https://jlopp.github.io/metal-bitcoin-storage-reviews/)
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/)
Recomended Podcasting2.0 apps:
Fountain (https://www.fountain.fm/) podcast app (Android)
Podverse (https://podverse.fm/) (Cross platform and self hostable)
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
The Adopting Bitcoin Conference (https://adoptingbitcoin.org/2022/) November 15, 16 & 17, 2022 in El Salvador, use promo code BITCOINDAD for a 21% discount
Music by Lesfm from Pixabay
Self Hosted Show (https://selfhosted.show/) courtesy of Jupiter Broadcasting (https://www.jupiterbroadcasting.com/)

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