This week for the Bitcoin Magazine Podcast, Christian sits down with Parker Lewis of Unchained Capital to discuss several key topics in Bitcoin. We open up discussing Parker's Gradually then Suddenly Blog series and how impactful it has been in educating institutions and Bitcoiners a like. We go into depth on what Parker thinks of when it comes to Bitcoin education and how Bitcoin goes from being counter intuitive to hyper intuitive. We go in depth into How to store your bitcoin and how Unchained is making multisig more approachable for Bitcoin holders. Please enjoy this wide ranging conversation with Parker Lewis of Unchained Capital and Gradually then Suddenly. Follow Parker: @parkeralewis Follow Unchained Capital: @unchainedcap Follow Christian: @ck_SNARKs Follow Bitcoin Magazine: @BitcoinMagazine Today Unchained Capital Announced a partnership with NYDIG a key player in institutional services for Bitcoin. https://bitcoinmagazine.com/business/...? This interview was recorded prior to this announcement.
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In this episode of The Van Wirdum Sjorsnado, hosts Aaron van Wirdum and Sjors Provoost discuss activation of the Taproot soft fork upgrade, and more specifically, the lock-in on timeout (LOT) parameter. The LOT parameter can be set to either ?true? (LOT=true) or ?false? (LOT=false).
LOT=false resembles how several previous soft forks were activated. Miners would have one year to coordinate Taproot activation through hash power; if and when a supermajority (probably 90 percent) of miners signal readiness for the upgrade, the soft fork will activate. But if this doesn?t happen within (probably) a year, the upgrade will expire. (After which it could be redeployed.)
LOT=true also lets miners activate the soft fork through hash power, but if they fail to do this within that year, nodes will activate the soft fork regardless.
Aaron and Sjors discuss the benefits and detriments of each option. This also includes some possible scenarios of what could happen if some users set LOT to true, while other users set LOT to false, and the associated risks. Finally, Aaron and Sjors discuss what they think is most likely going to happen with Taproot activation.
For this episode of the Bitcoin Magazine Podcast, Christian Keroles sits down with Bitcoin developer and economist James O?Beirne. James is a Bitcoin core developer with very unique experiences across disciplines being both a bitcoin core contributor as well as a well learnt macro economics scholar. James takes us through his journey from ChainCode Labs in New York to DG Labs back to the states and now to his current project Bitnomial Bitcoin Futures & Options Exchange. James also walks us through his designing of a basic command line interface for ColdCard what he built with no outside dependencies. We close out the conversation discussing James? experiences trading during the depth of the 2020 economic fears and why his experiences with gold solidified his position that bitcoin is an order of magnitude improvement.
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This week, Christian sits down with long time Bitcoin podcaster and advocate Anita Posch. Anita is the host of the fantastic Anita Posch show where she highlights the efforts of bitcoiners around the globe especially bitcoiners in Africa and Latam.
In this episode ck and Anita focus in on new Podcasting technology being built on top of the bitcoin lightning network. Podcasting started as the ultimate way for individuals to broadcast information without corporate influence. It was a medium for the people. Since it's humble beginnings, Podcasting has turned into a cultural phenomena but its has also become corrupted. Current podcasting infrastructure no longer supports the censorship resistant dream of it's origin. Bitcoin looks to be an answer here for creators to cultivate community and monetize directly with p2p cash.
Listen in to learn more about Anita and the cross roads between bitcoin and the future of podcasting.
This week for the Bitcoin Magazine podcast, Bitcoin Magazine advisor, Matt Odell sits down with Anthony Scaramucci the cofounder of Skybridge Capital to discuss his Bitcoin Fund and his thoughts on Bitcoin. Scaramucci's echoing of Bitcoin first principles thinking at the institutional investor class is incredibly validating of the Bitcoin narrative. Anthony explains why he could not invest in Bitcoin at sub $1,000 because the asset was simply not large enough for his funds strategy. According to Scaramucci, Bitcoin is more useful and interesting to him at these levels than they were back then. Scaramucci explains that he stills believes that we are still early in Bitcoins long term trajectory but at the same time feels very confident that Bitcoin will be the category winner in the greater cryptocurrency space. This is an incredibly bullish interview as Anthony demonstrates extreme alignment with the narratives and predictions that hard core Bitcoin enthusiasts have been making for years.
Please enjoy this conversation with Anthony Scaramucci and Matt Odell.
This week, host Christian Keroles sits down with early Bitcoin adopter and entrepreneur Erik Voorhees. Erik has had an enormous impact on Bitcoin's history starting early companies, participating in the scaling wars, and embracing the Ethereum ecosystem.
Erik sees the Bitcoin space in different way than many bitcoiners. Erik describes everything with in the "crypto" ecosystem as part of the same tree and although there are nefarious use cases and scams, that does not invalidate the entire space outside of bitcoin.
While still holding the majority of his value in Bitcoin, Voorhees believes that Bitcoin was just the first building block of a decentralized finance ecosystem that he is excited to build.
This week for the Bitcoin Magazine Podcast, host Christian Keroles sits down with CEO of Quontic Bank Steven Schnall to discuss Quontic's recent move to offer a Bitcoin back debit card. The Bitcoin Back debit card offer users 1.5% cash back in the for of Bitcoin. This represents Quontic's first official cryptocurrency product and a massive step for Bitcoin's financialization as Quontic is firmly a legacy banking institution.
Steven and Christian discuss Quontic's history and mission driven purpose as well as Steven's personal adventures mining cryptocurrency and buying Bitcoin many years ago. Steven believes that Bitcoin is a new economic paradigm and that every financial institution will begin offering Bitcoin related product int he coming decade.
We discuss the following topics:Steven's Bitcoin History Why Quontic was created Quontic Bank's mission oriented business Evolutions in bitcoin custody Bitcoin as a hard money SOV Creating the Bitcoin back debit card product W hat is next for Quontic Bank and Bitcoin.
Joe Rodgers had the opportunity to sit down for an interview with Isaiah Jackson to discuss his upcoming book, Bitcoin and Black America Volume 2. Before the interview I read a copy of his first book which laid the groundwork explaining Bitcoin to noobs, but it was written especially for black people. The book covers monetary history and how black people have gotten little to no support from bankers here in America and goes on to make the case that Bitcoin and black people are a no brainer. Jackson says ?If any group of people should recognize how media can misrepresent you because they feel threatened, it should be the black community. Bitcoin and the black community are a match made in heaven.?
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Do not forget to subscribe to the new Fed Watch: Bitcoin and Macro new feed. It will be separate from Bitcoin Magazine. Exclusively on the new feed, starting on the next interview with the great Max Kaiser. Search for ?Fed Watch - Bitcoin and Macro? on your podcast app.
In this episode of Bitcoin Magazine?s ?Fed Watch,? Christian Keroles and Ansel Lindner ?discuss the broad macroeconomic atmosphere in which bitcoin finds itself. We touch on bitcoin mining, price, the dollar, commodities, and the economy in general. In our bitcoin mining commentary, we focus on the behavior of hash rate over the last few months and the unique market for mining rigs. This is an important aspect of the bitcoin market that largely not understood even by hardcore bitcoiners.
Next, we have a fascinating discussion about social media, community building, and gaming. The Bitcoin & Markets podcast community has built a valuable community on discord and have slowly moved away from Twitter. Smaller communities where you can build relationships instead of followings may be the future trend.
We wrap up the episode talking about macro trends and bitcoin price. That, and so much more is on this episode.
Don?t miss it. This was another great episode to keep you current on central bank issues. Full show notes available: (link back to bitcoin magazine). Do not forget to subscribe to Fed Watch?s new RSS feed, so you don?t miss any of our great guest insights in the future.
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Joe Rodger's had the opportunity to sit down with legendary Bitcoin activist artist cryptograffiti this week to discuss his latest project, Bitcoin vs The Fed. You have probably seen cryptograffiti?s art before.
He's well known for his mosaic pictures of Hal Finney and JP Morgan boss Jamie Dimon but he's most well known for his art piece called United Nodes of Bitcoin which depicts a U.S. $1 bill with a hooded George Washington and subtle nods to bitcoin propaganda all over the bill.
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In this episode of Bitcoin Magazine?s ?Fed Watch,? Christian Keroles and Ansel Lindner look back at the events of the last few weeks and put them into a macro perspective. They also give us an optimistic vision of the next year that only the Bitcoin Space can offer.
Topics coveredCensorship and Bitcoin Twitter Macro cycles like the 4th Turning Assets like gold, the dollar, and commodities Bitcoin price 2021 predictions
We are in dark times, but it is darkest before dawn. Bitcoin is a steady guiding light in this troubled time, and though things might get slightly worse from a political perspective over the next year, history and bitcoin show us the future is still very bright.
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This week on the Bitcoin Magazine Podcast, host ck sits down with Alex Gladstein of the Human rights Foundation and the latest two recipients of the HRF's Bitcoin development grants, Richard Myers and Ben Kaufman.
Richard works with GoTenna and Global Mesh Labs and is focused on relieving Bitcoin's dependency on the current internet infrastructure.
Ben works with the Specter Wallet team to create easy and user friendly ways for Bitcoiners to receive and send bitcoin using their full node to validate and easy multi sig with commodity hardware.
Follow Alex on Twitter @Gladstein
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In this episode of The Van Wirdum Sjorsnado, hosts Aaron van Wirdum and Sjors Provoost discuss the basics of the Lightning Network, Bitcoin?s Layer 2 protocol for cheaper, faster and potentially more private transactions.
This week, host ck sits down with the cofounder and president of Anchorage to talk about the innovative ways that Anchorage is creating better than cold storage conditions for institutional Bitcoin and crypto asset storage.
Anchorage has become a complete turnkey platform for Institutions to leverage in order to build out their Bitcoin and crypto strategies.
Diogo has a deep history in securing private keys and mission critical private information. He lead up security at Square and then and Docker.
Ck and Diogo discuss the following topics:
Anchorage is the qualified custodian
The OCC clarity for commercial banks
Who is using Anchorage?
Anchorage filed for a national banking charter!
How do create better than cold storage?
What is Anchorage seeing from bitcoin custodial demand.
Crypto v Bitcoin? What is the mind set and knowledge of anchorage customers.
In this week?s episode of the Bitcoin Magazine Podcast host ck sits down with Edan Yago of the Soveryn Project to discuss Soveryn and how they are building decentralized infrastructure for Bitcoin.
Soveryn is like a company except that it runs completely on bitcoin and they are not incorporated in any company. It is a fully remote new kind of company that is fluid, distributed, and powered by Bitcoin.
Soveryn has developed an exchange and programmatic USD coin system leveraging the RSK Bitcoin sidechain and they are actively looking at other BTC layer two technology to scale their services.
Soveryn likes RSK?s technology because it is based off of the existing Ethereum technology stack making it interoperable with the entire ethereum defi ecosystem. Eden discusses how the members of the Soveryn team refer to themselves as Bitcoin Mutants rather than Bitcoin Maximalists. According to Yago, the Mutants understand that Bitcoin is key but they are not afraid to leverage the decentralized tech being built elsewhere. They see the Ethereum and altcoin ecosystem as an opportunity for Bitcoin to conquer as the defacto money and trading pair.
The Soveryn team sees Bitcoin as the main building block of the new decentralized economy and think Bitcoiners should not settle for centralized technology solutions.
Follow Edan Yago @EdanYago
Follow Soveryn @SovrynBTC and check out sovryn.app
Fed Watch is moving feeds! Search for ?Fed Watch - Bitcoin and Macro? on your podcast app.
In this episode, Christian and Ansel discuss the monetary policy of the three major central banks, the Federal Reserve, the European Central Bank, and the Bank of Japan. They step through the crisis, from the central banks? position upon entering 2020, through the panic months of March and April, to how they all ended the year in a holding pattern.
The Fed gets blamed for unleashing a flood of liquidity and money printing on the world, but in fact, they were probably the most reserved out of the major central banks. If anyone should suffer inflation of their currency it is the Bank of Japan. Their central bank balance sheet alone is now 126% of their countries GDP, and the ECB?s balance sheet is over 55% of the Eurozone GDP. The Fed looks the tamest of the three in this respect, coming in at only 34%. If QE is money printing, we should expect inflation in these smaller currencies first, but what do we see? They are stuck in deflation and heading for another crash.
Lastly, Christian and Ansel sum up what they think about this year in regards to central banks and bitcoin.
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In this very special episode of the Bitcoin Magazine Podcast ck sits down with Bitcoin core contributor John Newbery to discuss John's new bitcoin development initiative Brink.dev.
Brink is striving to become a 5o1c3 non profit in the united states enabling American's to donate to bitcoin Development via Brink in a tax advantaged way. Brink will be both writing grants to Bitcoin projects as well as training promising Bitcoin Developers in their fellowship program.
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Launching Brink with Mike Schmitt.
Bitcoin op tech
Becoming a 5o1c3 nonprofit
Ho is the donation land scape changing for Bitcoin development?
Compare and contract development in a bull v bear.
Bitcoin and ossification
Reflecting on the taproot process
In this episode of the Bitcoin Magazine podcast, ck is down with Randy Brito the co founder and CEO of the Locha Mesh project.
Randy is a die hard Bitcoiner who has escape the persecution in Venezuela and is working every day with the mission to make Bitcoin more and more censorship resistant. Randy sees the current internet infrastructure as being a huge attack vector that must be addressed immediately. Locha Mesh is an open source mesh networking project and protocol that is designed to be capable of supporting a global decentralized internet.
Ck and Randy discuss why westerners have been lulled into complacence with their stable yet centralized infrastructure and how the majority of the world desperately needs free, open and private internet especially for Bitcoin. Randy believes that Bitcoin in the catalyst for us to rebuild our entire economy in a more decentralized way but fears the next few years in the battle.
Randy encourages all the listeners to do what they can to support the rebuilding on the internet in a way that is respectful to human rights and freedoms. He chants the rally cry " La Lucha Por La Locha Libre, The Fight For The Freedom Money"
Find Randy on Twitter @randybrito
In this episode of The Van Wirdum Sjorsnado, Aaron and Sjors discuss why it matters that Bitcoin software is open source? and why even open source software doesn't necessarily solve all software-specific trust issues.
In theory, the fact that most Bitcoin nodes, wallets and applications are open source should ensure that developers can?t include malicious code in the programs: anyone can inspect the source code for malware. In practice, however, the number of people with enough expertise to do this is limited, while the reliance of some Bitcoin projects on external code libraries (?dependencies?) makes it even harder.
Furthermore, even if the open source code is sound, this doesn?t guarantee that the binaries (computer code) really correspond with the open source code. Aaron and Sjors explain how this risk is largely mitigated in Bitcoin through a process called Gitian building, where several Bitcoin Core developers sign the binaries if, and only if, they all produced the exact same binaries from the same source code. This requires special compiler software.
Finally, Aaron and Sjors discuss Guix, a relatively new project that goes above and beyond the Gitian process, to minimize the level of trust required to turn source code into binaries ? including trust in the compiler itself.
Bitcoin Magazine's very own Joe Rodgers interview Tyler Winklevoss of Gemini and Winklevoss Capital. We discussed how crazy 2020 has been, as well as his passion for Bitcoin, personal life and outlook for 2021.
We started our conversation by digging into an article that he and his brother, Cameron, published in August titled ?The Case For $500K Bitcoin.? In this piece, they lay out a bullish case for Bitcoin and how they arrived at that number for its future price. I asked Winklevoss about this article?s target audience and he told me that ?We wanted this to be for everyone? we wanted it to be technical but approachable.?
This is an article you can print out and leave with your family members over the holidays. If it doesn?t orange-pill them, it will at least get some good conversation out of them.
Later, we touch on The Great Reset. It turns out that Winklevoss hasn?t wasted any cycles thinking about it and was quick to point out the lunacy of the state fixing the problem it created with more intervention. As a former Olympian, he is still focused on his health and we spoke about what works for him regarding physical and mental wellbeing. Spoiler alert: sugar bad, exercise good.
As we wrapped up the recording, we touched on what?s to come in 2021 and beyond. I?ve watched Winklevoss from the sidelines for years and I respect what he?s built. He?s taken on the difficult challenge of developing Bitcoin-friendly regulations in New York and has ambitious plans to bring Gemini to the rest of the world in 2021. I have no doubt he will succeed ? he?s been a competitor his whole life and has a track record of excellence.
Before this podcast, I had only a basic understanding of where Winklevoss?s head is, but now it?s clear to me. He might be a billionaire, but he?s one of us. He?s an ultra bull. He wants the state out of the business of money and he?s a Bitcoin true believer.
In this episode, Christian and Ansel give updates on the Federal Reserve, ECB, and PBOC. Europe is the most exciting because last week they updated their policy, admitting they are fighting deflation, economic contraction, and a strong euro, despite the 1.85 trillion euro stimulus this year alone. It seems the more they do, the worse their situation gets.
The Fed meets Wednesday, December 16th, for their final meeting of the year, in which they are expected to keep everything the same. Next, we cover the PBOC?s recent troubles with defaults throughout their economy, and the increasing amount of stimulus they are providing.
Lastly, what would a bitcoin podcast be without a discussion about MicroStrategy and MassMutual. Bitcoiners have been expecting this type of adoption for years, so it is exciting but expected.
Federal Reserve?s final meeting of 2020 : https://www.marketwatch.com/story/4-things-to-watch-when-fed-meets-wednesday-11607979577
ECB expands and extends its bond buying as coronavirus resurgence weighs on the recovery : https://www.cnbc.com/amp/2020/12/10/ecb-expands-bond-buying-as-coronavirus-resurgence-weighs.html
The ECB's Policy Dilemma: More QE Will Strengthen The Euro : https://seekingalpha.com/article/4394050-ecbs-policy-dilemma-qe-will-strengthen-euro
China has no plan to replace USD with digital yuan, former PBoC head says : https://cointelegraph.com/news/china-has-no-plan-to-replace-usd-with-digital-yuan-former-pboc-head-says
Nov 27 - China?s central bank could intervene after ?glaring? state-firm bond defaults, analyst says : https://www.cnbc.com/2020/11/27/chinas-central-bank-could-intervene-as-state-firm-bond-defaults-rise-analyst.html
Dec 14 - China?s central bank injects 950 billion yuan of medium-term loans, leaves rate unchanged : https://www.cnbc.com/2020/12/15/chinas-central-bank-injects-950-billion-yuan-of-medium-term-loans.html
Nik Bhatia, famous Bitcoin thinker and economist join's Bitcoin Magazine podcast to discuss the recent corporate bond MicroStrategy issued to buy more Bitcoin. Nik has a deep history in the bond world, Nik explained that this is just the beginning for Bond issuance for Bitcoin purposes emphasizing that corporations can issue bonds for whatever purpose they can justify to investors.
Next, we dive into his new book "Layered Money" which is currently available for preorder. Nik explains how the current monetary system has been built in layers and how Bitcoin is the first new asset that lives completely outside of the current system.
Lastly Nik answers some cosmic questions about the future of money and what a Bitcoin based financial system looks like.
Bitcoin is such a unique asset because it is not a liability on someone else's balance sheet. MSTR buying Bitcoin and what that means for the bond market. People call it speculative attack Nik calls it arbitrage. We can see many types of companies issuing bonds to buy Bitcoins and their reasoning will completely very. Atomic swaps that make all crypto assets interoperable. Bitcoin exists outside the system and that is why we can build on it.
Our guest this week is Niall Ferguson. Niall is the Milbank Family Senior Fellow at the Hoover Institution, Stanford University, a senior faculty fellow of the Belfer Center for Science and International Affairs at Harvard, and a visiting professor at Tsinghua University, Beijing. He is the author of 15 books, including The Ascent of Money and has at least two in the works in the upcoming Doom: The Politics of Catastrophe as well as part two of his excellent Henry Kissinger biography.
Niall also writes a regular column for Bloomberg Opinion. In this episode we dig into Niall?s recent Bloomberg piece ?Bitcoin Is Winning the Covid-19 Monetary Revolution? and discuss the history of financial evolution, including how the current iteration of that evolution is playing out between China and the US and how he views Bitcoin in that context. We also discuss the qualities that make Bitcoin a significant advance and the broader importance of decentralization and sovereignty.
In this episode of The Van Wirdum Sjorsnado, hosts Aaron van Wirdum and Sjors Provoost discuss RSK?s shift from a federated sidechain model to the project?s new Powpeg solution. RSK is a merge mined Ethereum-like Bitcoin sidechain developed by IOVlabs. Bitcoin users can effectively move their coins to this blockchain that operates more like Ethereum, and move the coins back to the Bitcoin blockchain when they so choose. Some Bitcoin miners utilize their hashpower to mine bocks on the sidechain, and earn some extra transaction fees by doing so.The tricky part of any sidechain is allowing users to securely move their coins between blockchains. This is technically done by locking coins on the Bitcoin blockchain and issuing corresponding coins on the sidechain, and vice versa: locking coins on the sidechain to unlock the coins on the Bitcoin blockchain.So far, RSK did this by locking the coins into a multi-signature address, for which the private keys were controlled by a group of well-known companies. A majority of them was needed to unlock the coins, which they were to only do if and when the corresponding sidechain coins were locked.RSK is now switching to a Powpeg model where the keys to the multi-signature address are controlled by special tamper-proof hardware modules that are in turn programmed to only unlock coins on the Bitcoin blockchain if and when the corresponding coins on the sidechain are locked, and the transactions to lock these coins up have a significant number of confirmations.Aaron and Sjors explain how this works exactly, and discuss some of Powpeg?s security tradeoffs.
On this episode of the Bitcoin Magazine Podcast, host BranBTC sat down with Kraken?s Bitcoin specialist (and everyone?s favorite Bitcoin maximalist) Pierre Rochard to discuss the STABLE Act that was recently introduced to the public by members of the U.S. Congress.
Rochard initially took a broad view on the topic, insisting that looking too closely at the language and intent of the STABLE Act would miss the bigger picture. Instead, he wanted to focus on the conditions of our society that have allowed preconceived notions of money to grant an elite class unfathomable power over the lives of everyday Americans.For more information on the STABLE bill itself, as well as its vast implications and potentially unintended consequences, read through CoinCenter?s article, which breaks down the bill.
Fed vs ECB - FED 33
In this episode of Fed Watch, Christian and Ansel get into specifics on the plans of the ECB in regard to their digital euro. We are told in the media that central banks are very much going to be releasing a Central Bank Digital Currency (CBDC) and it will have damaging effects. However, on this podcast we get our information directly from the source. First, we must answer is a digital euro likely and why, which is what we do in this episode. In later episodes we will cover the side-effects of CBDCs if there are any.
On November 30, 2020, the President of the ECB, Christine Lagarde released a blog post detailing the ECB?s current thoughts on money and how a digital euro, or CBDC, fits into their plans. I talked about this on my recent episode of Bitcoin & Markets, and Christian wanted to explore the idea of the worries of the ECB specifically, because their thinking seems to be heavily worried about monetary sovereignty.
That term, ?monetary sovereignty? came up several times is Lagarde?s blog post in context to why they feel pursuing a CBDC is necessary. This contrasts Federal Reserve Chairman Jerome Powell?s comments which focus on patience and conservatism instead of worries about monetary sovereignty. Why is this?
Most likely this is because their already are digital stablecoins, similar to how a digital euro would function, in the market. There is a big problem in the free market offerings of these stablecoins, from the ECB vantage point; they are 99% US dollar based. If the ECB were not to act, the market might completely bypass use of the euro in favor of a digital dollar. That is a scary possibility for the ECB, so they must provide that option for the market, and maybe even require its use in some cases to maintain the euro?s global position.
This episode also discusses the recent MicroStrategy ?bonds for bitcoin? proposal. Listen to find out if this is the first signs of the long awaited ?speculative attack? on fiat by bitcoin, and what to watch out for as this move receives the keen attention of regulators.
We also discuss jurisdictional arbitrage at length. How does bitcoin enable jurisdictional arbitrage even within the regions, like between US States or European countries? Of course, as good bitcoiners, this leads us to a cosmic back and forth about citadel locations, and the best place to live in the future from a freedom and economic standpoint.
Fantastic episode, heavy on central bank commentary. Do not forget to subscribe to Fed Watch?s new RSS feed, so you don?t miss any of our great guest insights in the future.
This week on the Bitcoin Magazine Podcast, Christian sits down with macro analyst and thinker Lyn Alden to discuss her recent piece titled 7 misconceptions about Bitcoin. In the piece Lyn breaks down what she would consider are the most common misunderstandings or objections to Bitcoin and explains why these are in fact misconceptions that will not negatively impact Bitcoin or the investment thesis into Bitcoin.
This is an excellent podcast for Bitcoin enthusiasts looking to sharpen up their arguments as well as new entrants into Bitcoin interested in learning why Bitcoin could make sense as a part of a balanced portfolio. This podcast is full of intelligent and articulate ways to defend and explain how and why Bitcoin will continue to increase in usefulness and value.
Lyn's original article: https://www.lynalden.com/misconceptions-about-bitcoin/
We discuss the following topics:Motivations behind writing the article. Lyn address, Bitcoin is a Bubble. Look at it in log and the bubble looks more like a pattern. Lyns Opinion on the Bitcoin Halving. Lyn likes to discuss things in terms of probabilities. Bitcoins intrinsic value is zero Altcoin/fork issue Bitcoin is too Volatile Bitcoin is catching on with Gold investors. Governments will Ban Bitcoin Bitcoin isn?t Scalable Bitcoin wastes Energy Why DCA instead of Trade?
In this episode of The Van Wirdum Sjorsnado, hosts Aaron van Wirdum and Sjors Provoost discussed Bitcoin mempools, Child Pays For Parent (CPFP) and package relay. Package relay is the project that Gloria Zhao will work on as part of her Brink fellowship, which was announced earlier this week, and would make the Lightning Network more robust (among other benefits). Mempools are the collections of unconfirmed transactions stored by nodes, from which they forward transactions to peers. Miners usually select the transactions from their mempools that include the highest fees, to include these in the blocks they mine. Mempools can get full, however, at which point transactions that pay the lowest fees are ejected. This is actually a problem in context of CPFP, a trick that lets users speed up low-fee transactions by spending the coins from that transactions in a new transaction with a high fee to compensate. Tricks like these can be particularly important in the context of time-sensitive protocols like the Lightning Network. In this episode, van Wirdum and Provoost explained how package relay could enable CPFP, even in cases where low-fee transactions are dropped from mempools, by bundling transactions into packets. And they explore why this may be easier said than done.
On this episode of the Bitcoin Magazine Podcast, CK sits down with the team behind the MintGox Lightning-enabled gaming initiatives. Desiree Dickerson of Lightning Labs, plus Simon Cowell and Christian Moss of ZebeDee take turns discussing why Bitcoin and Lightning are such game changers for the future of human commerce in general, and gaming specifically.
One of the key points of the conversation revolves around how it is necessary for folks to onboard onto Bitcoin without permission, and to onboard directly onto the Lightning Network where they can transact with small amounts.
As discussed on this episode, the group thinks that micro payments enabled by Lightning opens up a completely new paradigm in the way value and services will be exchanges.
Lastly, the group covered how the most meaningful activities in the world are being uploaded to the web. It discussed how this really favors both Bitcoin and gaming as the world goes digital.
Follow the guests.
Christian Moss @MandelDuck
Simon Cowell @SECowell
Desiree Dickerson @dickerson_des
In this off the cuff episode of Fed Watch, Christian and I dive more deeply into the technology driven deflation debate we started last week with our guest Jeff Booth. We bring up the chicken or the egg conversation that did not get answered fully last time; is the deflation from technology first or is the inflationary environment first? In other words, which force is primary? We discuss that topic again, and also touch on the problem that not all technology is equally inflationary.
Modern finance preceded the industrial revolution and it is widely accepted that technological advance and economic stimulus are directly correlated. Ansel attempts to make the claim that it is the culture and capital structure that results from debt-based fiat money that incentivizes massive technological advancement.
Without debt-based fiat money the deflationary pressure from innovation will return to the natural and gradual speed we saw throughout the days of the classic gold standard. Don?t forget to subscribe to Fed Watch so you don?t miss any of our great guest insights in the future.
Our guest this week is Lixin Liu head of hardware at Cobo and creator of Cobo Vault out of Shanghai. Lixin?s background in hardware and international product development made him Discus Fish?s choice when F2 Pool decided to get into the hardware and security game. We talk about building out Bitcoin hardware from the ground up, why it is valuable to the Bitcoin network to have increasing competition in the hardware product space, the difference between what Chinese miners and western retail users want in hardware products, trends he is seeing in institutional custody interest in Asia and more.
In this episode of the Bitcoin Magazine podcast ck and Dergigi Bitcoiner and senior developer at Swan Bitcoin take a deep dive the Bitcoin rabbit hole.
Ck and Dergigi discuss Bitcoin circular nature anyhow people often project themself onto Bitcoin. To Gigi, Bitcoin is a mirror and we all see what we want in it.
We go deep into conversation around Bitcoin distributed nature and Gigi explains why trying to kill bitcoin is akin to trying to eradicate the world of ants.
Finally we discuss Bitcoiners? religious zeal towards Bitcoin and why Bitcoin hardliners are in fact good for Bitcoin.
Make sure to follow all of Dergigi?s work at https://dergigi.com/ and keep an eye out for his incredible developments on the Swan Bitcoin product.
In this episode of Fed Watch, Christian and I are joined by Jeff Booth. It results in a show that is unlike any other interview with Jeff you may have seen. Most listeners are familiar with his book, so we spend most of our time discussing what a timeline of events looks like from Jeff?s perspective, and then some possible limitations to the technology driven deflation theory. In usual Fed Watch style, we end with trying to understand how bitcoin affects these arguments and what bitcoin means for the world.
Don?t forget to subscribe to Fed Watch so you don?t miss any of our great guest insights in the future.
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You can find us @BitcoinMagazine on Twitter.
Ansel Lindner on Twitter @AnselLindner
Christian Keroles on Twitter @ck_SNARKs
In this podcast, Saifedean and Nik dive into multiple topics surrounding fiat money such as the underlying technology behind fiat, the debt standard, fiat states, and fiat banking.
Understanding how fiat operates in comparison to Bitcoin can be a difficult task. Since Bitcoin is an open-source protocol, it allows anyone and everyone to check it?s code down to the very last detail to ensure that you can understand how it operates. Fiat, on the other hand, has smokescreens hiding the operational methods of it. With an additional layer of propaganda promoted by people who benefit from it the most.
Follow Nik @Nikcantmine
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Join CK and the CEO and cofounder of Foundation Devices Zach Herbert as they sit down to discuss Foundation Devices' launch and their first product the Passport Hardware Wallet.
In the conversation CK and Zach dive into the design editions for the Passport as well as Zach ideas behind Multisig, hardware wallets, Bitcoin mass adoption, user safety and more.
List of topics form the Interview:
When is the passport coming
Geek out on Bitcoin Multisig
QR code Vs Micro SD card
Why the specific design choices.
What is it going to take to get Grandma comfortable with multisig?
Ledger email hacks
Why Zach hates seed phrases
Our guest this week is Alejandro De Le Torre, Vice President at Poolin. Alejandro and Poolin have launched taprootactivation.com to improve on the communication and transparency of the Taproot activation process. Alejandro has been in Bitcoin since 2014 when he founded SendChat, later acquired by wallet and data service Blocktrail, where Alejandro led BD until it was acquired by Bitmain. Inside of Bitmain, Alejandro cofounded BTC.com, and led their European office during the Segwit upgrade process. Now back with former BTC.com colleagues at Poolin, Alejandro leads their global Business Development. We talk about lessons learned in the Segwit and blocksize debates, bitcoin upgrade activations and taprootaxtivation.com specifically, operating in the mining pool space and more.
In this episode of The Van Wirdum Sjorsnado, Aaron and Sjors discuss the Erebus Attack. The episode is a follow-up from last week?s episode on Eclipse Attacks, a type of attack that isolates a Bitcoin node by occupying all of its connection slots to block the node from receiving any transactions. Erebus Attacks are Eclipse Attacks where an attacker essentially spoofs a whole part of the internet.
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Song Title: Segwit Sounds
By: The NakamoTones
Album: Citadel Music
Produced by: Bitcoin Audio
This episode of Fed Watch is a cosmic ride though the broad topics of money, central banks, and bitcoin. Christian and Ansel start by extending the analogy of a financial hurricane, which Ansel spoke about in another recent podcast. Many people point to certain asset price rises as a sign of inflation, however, Ansel argues that it is a natural evolution of prices due to the malfunctioning financial system. This malfunctioning financial system acts similarly to a physical natural disaster by distorting supply and demand for goods. During a decade-long financial hurricane, changes occur not only to asset allocations of investors but the system itself can evolve. It affects the pipes and infrastructure of the financial system, favoring relatively ?safer? global assets like US Treasuries and US stocks. The economic behavior, products, and relationships that form during a financial hurricane will favor hedging against deflation rather than risk taking or behavior aimed at expansion.
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On November 3, 2020, the Associated Press declared Cynthia Lummis the winner of an open U.S. Senate seat for Wyoming, making her the first woman to ever represent the state in the upper chamber. But this wasn?t the only first marked by her historic win.
As she?s emphasizes in this episode of the Bitcoin Magazine podcast, Lummis is the most outspoken Bitcoin advocate to ever rise to elected office on The Hill.
She discusses her own journey in realizing Bitcoin's unique store-of-value characteristics in 2013, her plans to educate Senate colleagues about the technology and importance of keeping the federal and legislative branches at bay in terms of misguided Bitcoin regulation. Be sure to watch the full interview for those highlights and more.
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We have very special episode this week featuring some of the godfathers of Bitcoin: Nick Szabo, Adam Back and David Chaum. This was recorded as a live panel from Seoul at Korea Blockchain Week and is laid out as a history of the ideas and events that led to Bitcoin from their first person accounts, plus their current thoughts on the experiment and what excites them about the future. From the cryptography and cypherpunk movements to David?s DigiCash, Adam?s Hashcash proof-of-work, Nick?s Bit Gold, and more. Their own contributions were foundational to the development of Bitcoin, and it was fascinating to have them together and playing off of each other in a discussion of that history. A special thanks for fact block for organizing.
In this episode of The Van Wirdum Sjorsnado, Aaron and Sjors discuss Eclipse attacks. More specifically, they discuss the 2015 paper ?Eclipse Attacks on Bitcoin?s Peer-to-Peer Network,? written by Ethan Heilman, Alison Kendler, Aviv Zohar and Sharon Goldberg, from Boston University and Hebrew University/MSR Israel.
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Song Title: Segwit Sounds
By: The NakamoTones
Album: Citadel Music
Produced by: Bitcoin Audio
In this episode of the Bitcoin Magazine Podcast, Bitcoin Magazine's Peter Chawaga interviewed Alex Gladstein of the Human Rights Foundation about this dynamic between governments and encryption backdoors. The pair covered the recent draft resolution, the obstacles that those attempting to circumvent encryption will face, the importance of leveraging tools like Signal and Bitcoin and more.
Bitcoin has an unyielding apolitical nature, which oddly enough, makes it a political statement in today?s rampantly politicized world. In this episode of Fed Watch, Christian and Ansel discuss the recent US election and what it means for bitcoin. Their discussion is wide-ranging from election irregularities, to the rebound in mining hash power, to bitcoin price predictions for the near term.
Politics in the US was front page news
Speculate Biden and the Fed
The Dollar and the Yuan price action during the election.
Bitcoin is global.
Bitcoin price at 15260
Difficulty -16% adjustment followed by a +5 Adjustment