Episode 114: When in Doubt, Break Glass

Bitcoin Dad Pod

Pre-Show

• Chainalysis' global crypto adoption survey demonstrates that grass roots adoption surges in hostile monetary environments

• Financial Distress Leads To Surge In Early 401(k) Withdrawals, Bank Report Shows

• Seattle is a victim of its own success | The Seattle Times

• Study shows $100K is actually worth about $49K in Seattle

• Freight recession will continue in 2024: CNBC Supply Chain Survey

News

• Getting fiat liquidity from bitcoin is getting harder in the US
  • The noose tightens
  • Already happened with Ledn in Cannada
  • Ties in with ETF narrative
• Unchained to Pause Bitcoin Backed Loans to Individuals

• Economics

• The incentives of financial regulation have led to it being a broken system for over 70 years

Hardware Wallet News

• Jack Dorsey's Block Unveils Hardware Wallet Bitkey
  • Bitkey Recovery Features PDF

Bitkey consists of a mobile app, hardware device and a set of recovery tools.

• The app and hardware device form two of the three keys used to secure a customer's bitcoin, with the third stored on the phone OS providers cloud storage. Encyrpted locally before uploaded.
  • Losing your keys without losing your coins

Privacy

• Ocean pool may be incompatible with Samurai whirlpol, a bitcoin coinjoin solution

Bitcoin Education

• Bitcoin Optech Newsletter #280 covers cluster mempool, a new method of grouping dependent transactions into 'chunks' that will make CPFP and other feebumping transactions like RBF work better, with a working group on the Delving Bitcoin forum.

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

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Value for Value

• Podcasting 2.0 to support an indepenent podcasting ecosystem
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Sponsors and Acknowledgements

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