Episode 86: Accidental Orange Pill

Bitcoin Dad Pod

Pre-Show

• Coinmetrics can accurately predict bitcoin global energy use by fingerprinting ASIC chips through their nonce values
  • The worst data scientist RE bitcoin energy debates his model with bitcoiners, give it a listen

News

• The NYT laments the end of the hallucination of a sustainable globalized economy and begins to orangepill its' readers

“Financial globalization was supposed to usher in an era of robust growth and fiscal stability in the developing world,” said Jayati Ghosh, an economist at the University of Massachusetts Amherst. But “it ended up doing the opposite.”

Economics

• Arthur Hayes on the fungible nature of capital and why U.S. anti-crypto moves are irrelevant

Bitcoin Education

• Bitcoin Optech Newsletter #256 discusses the dry but consensus shaping implications of different transaction relay policies, which helps illustrate the hot mess of decentralized consensus and how this really is a huge experiment

On the other end of the spectrum, identical policies across the network help converge mempool contents. A network with matching mempools relays transactions the most smoothly, and is also ideal for fee estimation and compact block relay as mentioned in previous posts.

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Sponsors and Acknowledgements

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