Episode 121: Can I get your...GPS cords?

Bitcoin Dad Pod

Pre-Show

• Harvard report on housing in the USA makes the obvious conclusion that homelessness is all about prices, wages are stagnant or falling while housing is getting more expensive due to both constrained supply and the use of real estate as an investment vehicle

• Dashboard | Truflation

• Gavin Newsom Witnesses Shoplifting

• SNL - Debanking Weekend Update

News

• While the U.S. Whitehouse pushes for a new edict to register all bitcoin mining in the USA, including GPS coordinates of miners, power demand from AI companies is keeping coal burning powerplants operation past their intended EOL

Economics

• Arthur Hayes' thinks that Bitcoin will go down and then up ... no duh

• Rember Evergrande? A Hong Kong court has ordered liquidation of the company's assets, which spells trouble for Chinese savers

• The US Federal Reserve's Bank Term Funding Program will stop bailing out US Bank's underwater treasury portfolio's in March while US Regional banks are still under financial pressure

• U.S. regional banking shares tumble for second straight day

Western Alliance Bancorp’s shares fell 4.8%, while those of Valley National Bancorp dropped 5%. Comerica’s (CMA.N), opens new tab shares fell 2.1%.

The S&P 500 Banks index fell roughly 1.2%.

The fall of U.S. regional banks stocks on Wednesday translated into $685 million in paper profits for short sellers, according to data and analytics company Ortex.

• US regional banks tumble for second straight day on NYCB woes | Reuters

• Holger Zschaepitz on X

Borrowing from Fed's emergency lending program rose to a fresh record, just before Fed raised the facility’s interest rate to stop financial institutions from taking advantage and arbitraging on its attractive terms. Demand for Bank Term Funding Program rose $6.3bn to an ATH of $167.8bn.

Borrowing has jumped by $50bn since mid-November after program’s rate increasingly fell below the rate at which institutions could earn money by parking reserves at Fed. Any increase from here is not arbitrage-driven. (BBG)

Privacy

• Has Finnish law enforcement cracked Monero traceability or did a hacker accidentally upload his home folder during an extortion drop?

Bitcoin Education

• Bitcoin Optech #287 covers a new replace by fee model as well as more discussion of 'exogenous fee' incentives

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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Sponsors and Acknowledgements

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