Episode 106: The Trust is Bust

Bitcoin Dad Pod

Pre-Show

• Main stream financial blogger Rich Dad Poor Dad views bitcoin as a hedge against Central Bank Risk
  • Actually Kiyosaki is quite shady despite his financial success, typical bitcoin tout amiright?

Economics

• The US Social Security Trust Fund is still drawing down which may affect US Treasury Market liquidity as the world enters a decade of Fiscal Dominance
• The latest FED working paper on fiscal dominance identifies the banking sector as the future warehouse of large US debt issuances

Privacy

• FinCen is coming for coinjoin on bitcoin a year after sanctioning privacy on Etherium via the Tornado Cash blacklist

  • Request for comment coincides with Elizabeth Warren's latest hyperbolic attack on crypto and misrepresentation of the role of digital currency in funding Hamas
  • Good analysis of the story from shinobi

• Coin Center, a crypto advocacy group, filed a motion to halt (PDF WARNING) the US tax authority's John Doe Summons against crypto exchanges that suck up personal financial information

  Altcoins

  • Is there an alternative to 'layered scaling' when it come to increasing blockchain throughput? Galaxy would like you to think so.

Bitcoin Education

• Optech #274 focuses on the lightning HTLC recycling attack and mitigations that can't fully address the protocol level vulnerability
  • It brings to mind the recent HTTP/2 Rapid Reset attack, the vulnerability is at the protocol level, there's no 'fix', only mitigation

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: Withers

Hey guys, I've really been enjoying the show. I guess Jupiter Broadcasting wasn't sending me down enough rabbit holes, so now I have bitcoin!
Do either of you use metal plates to save your seed phrases? Any suggestions?

• Check out https://jlopp.github.io/metal-bitcoin-storage-reviews/

From: Hal was right

Dhruv Bansal has a three part article on what bitcoin would look like if expanded to the entire solar system. Highly recommended!
https://unchained.com/blog/law-of-hash-horizons/

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Sponsors and Acknowledgements

Music by Lesfm from Pixabay
Self Hosted Show courtesy of Jupiter Broadcasting