Episode 100: Fortress Not Trustworthy

Bitcoin Dad Pod

Pre-Show

• A very reasonable discussion on HN around the WTF Happened in 1971 website, the world is complicated, there are many ways to interpret history and the present, none are particularly satisfying

News

• Binance.US cuts third of staff as CEO Brian Shroder leaves

Binance.US, the United States arm of the crypto exchange, has cut around a third of its staff — or 100 positions — with its president and CEO Brian Shroder also departing the firm.

Binance.US Statment to CoinTelegraph:

“The [Securities and Exchange Commission’s] aggressive attempts to cripple our industry and the resulting impacts on our business have real-world consequences for American jobs and innovation, and this is an unfortunate example of that.”

They also say "not dead yet!"

“more than seven years of financial runway” amid its move to becoming a crypto-only exchange.

Cool post on the Japanese bitcoin community, I knew wiz and Arthur Hayes hang out in Japan, but would love to incorporate the bitcoin scene into a trip there

Fortress Lost Customer Funds Prior to Acquisition by Ripple

• The Fortress Trust security breach is a fiat story, its not scary or exciting, just predictable with the ancient messy tech stack that U.S. corporate financial IT demands

Economics

• Is an introduction to U.S. debt collection economics? It's certainly historical, and it speaks to the fragility of legacy financial agreements when compared to the on chain assurances of bitcoin

Altcoins

• 1 of the 2 'OneCoin' founders has been sentenced for his role in a crypto themed Multi-level marketing ponzi scheme

  • There is a podcast

• Brian Armstrong 🛡️ on X

Bitcoin Education

• Bitcoin optech includes movement on tarot assets on lightning, another client side validated protocol

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 Notes:

• https://Tokyocitadel.com
  • https://hardblock.com.au

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