Episode 88: ETF Prime Time

Bitcoin Dad Pod

Pre-Show

• Crypto Firm Prime Trust Placed Into Receivership, affecting many bitcoin businesses

  • Crypto Firms Swan, Coinbits Disclose Prime Trust Ties as Fallout Continues - Decrypt

• Alistair Milne on Twitter:

"This address: bc1ql49ydapnjafl5t2cp9zqpjwe6pdgmxy98859v2 ... has accumulated $3.5billion of #BTC in just 44 days @saylor needs to up his game @Tether_to is doing rookie numbers by comparison https://t.co/q5KHRUtoTZ" / Twitter

News

• Apple is removing damus, a popular nostr client
• jack on Twitter: "Removed from the App Storer for enabling tipping to everyone in the world without the need for a bank, payment card, or government permission. https://t.co/kfeQNfal8Q"

Economics

• The Bank of England is aware of liquidity problems, but creates arbitrary research instead of lowering interest rates

• Where is the recession we've all been waiting for?

• OPEC oil output posts small drop in June ahead of Saudi cut

• OPEC Forecasts 23% Rise in Global Oil Demand Through 2045

Bitcoin Education

• A beginner's guide to creating a wallet using Sparrow
• How to get started with RoboSats, another guide
  • You can Self-Host RoboSats
  • Boltz
  • Also an Umbrel app

• A lean bitcoin optech

  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: adriatic_dany

• 99,999 Sats

There's been some moderate hype (with the inevitable price speculation/manipulation aka p'n'd) last year around a proof of work project called Kaspa. I'm not invested (yet) because I'd love first to know your opinion, my technological analysis skills are lacking. I understand all the buzz is about their GhostDAG protocol posed to solve the historical dilemma way more efficiently than Lightning and the fact that they fair launched with no premined/presold coins and no company behind the project

• Home - Kaspa
• What is Kaspa (KAS), and How Does it Work? | CoinGecko
• The Kaspa Founding Contributors. The Architects Behind Kaspa’s Success

Kaspa is the fastest, open-source, decentralized & fully scalable Layer-1 in the world.
The world’s first blockDAG – a digital ledger enabling parallel blocks and instant transaction confirmation – built on a robust proof-of-work engine with rapid
single-second block intervals.

Built by industry pioneers, led by the people.

• "completely open source with no central governance – following in the ethos of coins like Bitcoin, Litecoin, or Monero."

• 💰 Initial funding from Polychain Capital supported Kaspa's launch, and the project forgoes allocations or premine to ensure transparency and fairness.

• 👥 Yonatan Sompolinsky, Michael Sutton, Shai Wyborski, Elichai Turkel, Ori Newman, and Mike Zak are key contributors and core developers of Kaspa.

Launch Date

November 7, 2021
(no premine, no allocated coins)

• Uses lots of Rust, Go, and others

• KAS has a circulating supply of 12.4B and maximum supply of 28.7B. It was launched with no re-mine, 0 pre-sales, and no token allocations.

• It has an emission program that halves yearly through seamless monthly reductions by a factor of (1/2)^1/12.

Hashing Algorithm

kHeavyHash

Consensus

Proof of Work
BlockDAG

How they solve the Blockchain Trilemma

To solve this tradeoff, Kaspa’s consensus layer uses GhostDAG, a proof-of-work consensus protocol that generalizes Nakamoto’s chain into a directed acyclic graph of blocks ( blockDAG). GhostDAG incorporates”orphan” blocks into the chain to form a blockDAG, and then uses a novel greedy algorithm to order the blocks such that well-connected, honest blocks are favored, quickly and with high probability. GhostDAG allows Kaspa to circumvent the traditional tradeoff of blockchains, improving on block rate by orders of magnitude while maintaining the theoretical security guarantees of Bitcoin.

Block time

1 second

Circulating Supply

19.39B KAS

MAX SUPPLY

~28.7B

Market Cap

$501.8M

• Kaspa Forum Filled with Problems

Thank you Boosters

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Value for Value

• Podcasting 2.0 to support an indepenent podcasting ecosystem
• Recomended Podcasting2.0 apps:
  • Fountain podcast app (Android)
  • Podverse (Cross platform and self hostable) + Alby for boosts
  • Castamatic (Apple)

Sponsors and Acknowledgements

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