Episode 115: Mainstream or Decentralized

Bitcoin Dad Pod

Pre-Show

• At least one person is living on bitcoin in Singapore, all you need is a master's in finance and higher income than expenses

News

• Warren Expands Coalition of Banking Committee Support for Bill Cracking Down on Crypto’s Use in Money Laundering, Drug Trafficking, Sanctions Evasion | U.S. Senator Elizabeth Warren of Massachusetts

• Cosponsors - S.2669 - 118th Congress (2023-2024): Digital Asset Anti-Money Laundering Act of 2023 | Congress.gov | Library of Congress

Economics

• Arthur Hayes thinks that China and the US will coordinate a weak dollar policy to help China grow and the Democratic party win the 2024 election

• Bitcoin And Crypto To Be Measured At Fair Value Under New FASB Rules | Nasdaq

• Bitcoin to be recorded at fair value under new FASB rules issued toda

• Why is the EU supporing a French bank backed Euro stablecoin? It's dollarization fears

Privacy

• US Mass surveillance is increasing House Intel Committee Approves FISA Reform and Reauthorization Act of 2023 | Permanent Select Committee On Intelligence

  • A 'broadening' of the term “electronic service communications provider” means that every wifi network or business in the USA will need to give the government your data without a warrant
  • Even a former FISA judge is alarmed at this overreach
  • The EFF is on alert
  • Even IT industry publications like the Register are reporting on this privacy monstrosity
  • Is late stage liberalism when democratic state become de-facto authoritarian by ignoring the political ramifications of wealth?

• Ledger Wallet is a surveillance application and they have had their fragile cloud infrastructure compromised do not use ledger or their dApp ecosystem

• "FINAL TIMELINE AND UPDATE TO CUSTOMERS"

• Ledger Connect Kit Exploited

Bitcoin Education

• Bitcoin Optech mentions another stratum V2 mining pool launch

• More developments on ecash wallet recovery, interesting technology but difficult legally

  Feedback

• Remember to get in touch [e-mail] or @bitcoindadpod on twitter

• Consider joining the matrix channel using a matrix client like element, details here

Boosts

From: @meremortalspodcast

Through the podcast and I've recently got the opportunity to convert from lightning to onchain. 2 questions. How traceable are these sats from lightning (considering they come via a very identifiable Alby wallet)? And do you know many stories of people having non-KYC BTC who actually needed them? I know theoretically why non-KYC is important, but I'll be more persuaded with real life examples of where they were vital for economic freedom.

• reply on: I'm Kilian, Co-Founder of Boltz. AMA. \ stacker news ~bitcoin

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Sponsors and Acknowledgements

Music by Lesfm from Pixabay
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