Weekly Roundup 01/22/21 (Bitcoin's 'double spend', our Tether perspective, Bitcoin as an escape valve) (EP.170)
Play • 40 min

Nic and Matt cover an insane week of deals and market turmoil. In this episode: 

  • The Biden admin freezes the Treasury guidance on unhosted wallets
  • Treasury Secretary Janet Yellen expresses her concern about cryptocurrency for terrorist financing
  • Bitcoin as a monetary escape valve
  • The real reasons behind Treasury's concern about Bitcoin
  • The prospects for monetary repression in the US
  • Prospects for Chris Brummer as the new head of the CFTC
  • Blackrock warms to Bitcoin
  • Our point by point 'debunking' of the anonymous blog post on Tether
  • Why Tether critiques are so popular
  • Why a Tether implosion would emphasize Bitcoin's value proposition
  • We explain the Bitcoin 'double spend'
  • How Bitcoin settlement is probabilistic

Content mentioned in this episode: 

The "What is Money?" Show
The "What is Money?" Show
Robert Breedlove
The Saylor Series | Episode 9 | Economics, Inflation, Interest Rates, and Natural Competition
Michael Saylor joins me to discuss anthropology, energy, and technology from first principles as we build the intellectual foundation necessary to truly grasp the historic significance of Bitcoin. 00:00:00​ - Episode Trailer 00:01:06​ - Swan Bitcoin 00:03:22​ - Robert’s Intro Economics 00:06:46​ Science of Infectious Disease, Sterilization, & Antibiotics 00:08:33​ Economics with Dirty Money Defective Money is Toxic 00:09:33​ Meditations on Toxicity as a threat to life 00:11:33​ Inflation Myths & Misconceptions 00:12:33​ Jedi Mind Tricks in Economics –“No Inflation Here” 00:13:33​ Early Retirement in your Consumer Basket 00:15:06​ Questioning Basic Premises of Economics 00:15:23​ “We can’t tell people what to think, but we can tell them what to think about” 00:15:33​ 30 year Bond calc – Mistake Inflation & Interest Rates 00:17:09​ Inflation Coefficients & Drivers 00:18:49​ Scarcity in Real Estate & Goods 00:19:59​ Agreement on bleeding George Washington to death 00:20:33​ Energy content in products, services, & assets 00:23:33​ Cherry Picking the Inflation Bucket for CPI 00:25:02​ Obscene Asset Inflation 00:26:33​ Scarce= High Energy Value 00:27:07​ Inflation is Theft, but most don’t realize this 00:28:26​ Inflation is Freezing to Death 00:31:00​ Real Yields vs. Asset Inflation Rates 00:31:52​ Storing Value in Equity & Debt 00:34:47​ Why do Stocks always go up? 00:37:27​ Big Tech vs. the entire Equity market 00:38:14​ Darwinian Competition 00:40:04​ Humility & Stoicism 00:41:54​ Challenges of Competing & Commercializing Acquisitions 00:43:52​ The Law of Decimation & Murphy’s Law 00:45:14​ Underestimating the cost of maintenance on assets 00:45:47​ Dangers of Youthful Ambition & Empire Building 00:47:33​ 10% tithe as a continuing theme 00:49:11​ Words don’t matter – Actions matter 00:49:31​ Paradox of Marcus Aurelius & Imperial Virtue 00:52:03​ Marcus Aurelius & the Crypto Keys to Empire 00:53:53​ There is always time to snatch defeat from the jaws of victory Natural Competition 00:54:50​ Darwinian Vitality & Antifragilty 00:55:29​ Terrifying Natural Beauty 00:56:11​ Everything is at its finest when tomorrow is uncertain. 00:56:23​ Ants at War on a Sunny Day 00:57:52​ Lions & Antelope on Television 00:59:18​ Dynamic Equilibrium & Ecosystem Health 01:00:53​ Paradox of the Engineer vs. Zookeeper 01:01:30​ Easter Island Ecosystem Collapse 01:02:10​ Free Market is Economic Expression of Darwinian Equilibrium 01:03:33​ - Robert's Outro 01:42:27​ - End -- See My Work: https://linktr.ee/breedlove22​ Contribute Bitcoin: 3D1gfxKZKMtfWaD1bkwiR6JsDzu6e9bZQ7 Stack sats: https://www.swanbitcoin.com/breedlove/​ Twitter: https://twitter.com/Breedlove22​
1 hr 43 min
Bitcoin Rapid-Fire
Bitcoin Rapid-Fire
John Vallis
Greg Foss on Canada's Bitcoin ETF, Valuing Bitcoin, and Where to Look for the Looming Global Debt Crises
Gregg Foss has 32 years experience in high-yield credit markets and has been heavily involved in the Canadian bitcoin scene since 2016.   In this show we discuss what the credit default swap market is saying about creditworthiness and default risk for governments around the world today, and how to interpret this market to come to a unique valuation for bitcoin.   We then move on to the recent launch of the bitcoin ETF in Canada, where the massive demand is coming from, what it means for the 'closed-end' funds, and what opportunities the market is throwing up as a result.   Finally, we discuss his involvement in innovative power generation and distribution solutions through Validus Power, with fascinating implications for the bitcoin mining industry.   Enjoy!   --   More from Greg:  TWITTER: https://twitter.com/FossGregfoss  WEBSITE: https://www.validuspower.com/   More from me:        TWITTER: http://bit.ly/2P7PUjA         YOUTUBE: https://bit.ly/3aBbZxg         MEDIUM: http://bit.ly/2Zk0Dex         INSTAGRAM: http://bit.ly/30r7IqY             If you’re in Canada, and looking to buy bitcoin, Shakepay is an excellent option. They have the fastest sign up, funding and withdrawals I’ve ever seen. They also have really great rates. Use this affiliate link to buy $100+ of bitcoin and we both get $30 for free!: https://shakepay.me/r/FEW1DR0
1 hr 44 min
The Blockchain Debate Podcast
The Blockchain Debate Podcast
Richard Yan
Motion: Ethereum is too early for institutional money (Lyn Alden vs. Qiao Wang)
Guests: *Lyn Alden (**twitter.com/lynaldencontact**)* *Qiao Wang (**twitter.com/qwqiao**)* Host: *Richard Yan (**twitter.com/gentso09**) * Today’s motion is “Ethereum is too early for institutional money.” Quite a few institutions have voted with their feet on Bitcoin. This ranges from corporate treasuries to money managers. At what point will Ethereum catch the attention of non-crypto native capital allocators? Our debaters today are Lyn Alden and Qiao Wang, both well known in crypto circles. Lyn wrote a well-researched article arguing that from an institutional perspective, Ethereum feels like an unfinished product and isn’t likely to pick up significant interest in the short run. Qiao has been looking at Ethereum as an investment in its early days, and it’s fair to say he has been a perma-bull.  If you’re into crypto and like to hear two sides of the story, be sure to also check out our previous episodes. We’ve featured some of the best known thinkers in the crypto space. By the way, we're planning episodes on CBDC, centralized lending versus de-centralized lending, the fad of NFT or non-fungible tokens, whether Bitcoin is good for America and whether Bitcoin is good for the environment. So if you're interested or know someone that would be interested in debating, please feel free to DM me at @blockdebate on Twitter.  Please note that nothing in our podcast should be construed as financial advice. Source of select items discussed in the debate (and supplemental material): * Lyn's investment strategy website: https://lynalden.com * DeFi alliance: https://defialliance.co/ * Grayscale ETHE trust: https://grayscale.co/ethereum-trust/ * John Pfeffer paper on crypto value accrual: https://medium.com/john-pfeffer/an-institutional-investors-take-on-cryptoassets-690421158904 Guest bios: Lyn Alden runs an investment research service for both retail and institutional investors at LynAlden.com. Her focus is on fundamental investing with a global macro overlay, with a specialization in currency differentials and equity valuations. She also manages financial operation of an aviation simulation research facility. Qiao Wang is a macro and crypto investor. He is one of the founders for DeFi Alliance, an accelerator for decentralized finance projects. Previously, Qiao Wang helped build Messari, a startup aiming to create Bloomberg for the crypto markets. Prior to that, Qiao was a quantitative trader. He ran R&D teams and helped build two trading businesses at IMC and Tower Research.
1 hr 6 min
Tales from the Crypt: A Bitcoin Podcast
Tales from the Crypt: A Bitcoin Podcast
Marty Bent
Rabbit Hole Recap: Bitcoin Week of 2021.02.22
This week Marty and Matt discuss: - Taproot LOT OF LOTS  - BitPay Sanctions Violations  - Bitfinex and Tether settle with NY AG without admitting fault  - MicroStrategy bought another ~19.5k bitcoin for a ~$1.03B, they now hold 90.5k bitcoin  - Square quarterly earnings  - Coinbase discloses number ahead of Nasdaq listing  - Teleport Transactions CoinSwap implementation  - Arthur Hayes emerges  - Specter v1.2.0  - Onion Share v2.3  - RTL v0.10.1  - Hexa Wallet v1.4.5  - Samourai Dojo v1.9.0  - MyNode v0.2.27  - Sparrow Wallet v1.2.0  - Blockstream Green adds encryption to wallet metadata  - River raised $17.3M  - BottlePay raised $15.5M  - Can Governments Stop Bitcoin?  - BitMEX provides third grant for Michael Ford Shoutout to this week's sponsors. Cash App. Start #stackingsats today. Use the promo code: "stackingsats" to receive $10 and contribute $10 to OWLS Lacrosse when you download the app. Unchained Capital. Check out their white glove vault concierge service that will take you from zero to secure multisig setup in no time. Use the code TFTC and receive $50 off that package that includes 2 Trezor Model Ts and $1,000 in your vault. HodlHodl. Lend at Hodl Hodl is a new non-custodial bitcoin backed lending platform, that allows peer to peer lending and borrowing between users, globally, anonymously & on your own terms. Create you offers & set your own terms on lend.hodlhodl.com
1 hr 52 min
Magic Internet Money
Magic Internet Money
Brad Mills
Occupy Wall Street 2.0
On this episode of Magic Internet Money, host Brad Mills invites fellow podcasters Max Keiser and Stacy Herbert onto the show to discuss the stock market fiasco caused by r/WallStreetBets. The group discusses how it resembles the 2008 housing bubble and other stock market crashes. Max passionately defends Millennials and Generation Z’s “right to compete”. Brad discussed the history of fraud that Wall Street bankers have dabbled in over the years and the fallout of those controversies and how they related to the Gamestop Short. Time Stamps 00:00:19 - Intro 00:02:21 - Show start 00:04:10 - What is shorting? 00:11:20 - Why did Millennials buy GME? 00:16:18 - How GME resembles 2008 00:19:45 - The Bailout Chain 00:21:14 - Citadel, RobinHood, and how dominoes fall 00:24:00 - Occupy Wall Street in cyberspace 00:28:48 - Market rigging software 00:31:40 - London: the capital of fraud 00:35:18 - What could crash markets? 00:42:00 - Banking crisis 00:47:55 - How banks “killed Greece” 00:50:51 - “Bitcoin is the best way to do battle against crooks” 00:53:03 - Bitcoin vs “Shitcoins” 00:57:53 - “Attack on the Capital in cyberspace” and closing remarks Links to Mentions in the Show The r/WallStreetBets Short Citadel Melvin Capital Naked Shorting Regulation SHO (Reg Sho) Patrick Byrne History of US Bailouts Asymmetric Warfare How are Melvin, Citadel, and RobinHood Related? Occupy Wall Street Find Max Keiser Max Keiser LinkedIn Max Keiser Twitter Orange Pill Podcast   Find Stacy Herbert Stacy Herbery Twitter Stacy Herbert LinkedIn Find Brad Mills: Brad Mills Twitter Magic Internet Money Twitter Magic Internet Money Facebook Magic Internet Money Instagram Produced by Brad Mills - Twitter, Hamilton - YouTube, Jason Sanderson - Podcast Tech Other Credits: bitconnect theme by schmoyoho, graphics by CryptoScamHub, Magic Internet Money inspired by u/mavensbot, invention of Bitcoin & all cryptocurrencies by Satoshi Nakamoto.
1 hr 1 min
Bitcoin Audible
Bitcoin Audible
Guy Swann
Read_498 - Can Governments Stop Bitcoin? [Alex Gladstein]
"So far, it seems that when governments try to ban or restrict Bitcoin, it ends up merely accelerating the adoption of the currency inside their countries. Governments that have failed miserably with their Wars on Drugs may find stopping people from holding something that’s invisible, borderless, and teleporting much more difficult." - Alex Gladstein Today we read an amazing article from Quillette by returning author and brilliant Bitcoiner, Alex Gladstein. Can governments ban Bitcoin? Will they? Will this kill Bitcoin? Find out in an excellent walk through the many different potentialities of a government attack on Bitcoin, and why its likely that they all fail, or backfire in a major. Plus a 50 minute Guy's Take on all the reasons Alex is potentially right, & what we can draw from Bitcoin's history that informs this perspective. Don't forget to check out the article below, and follow Alex on Twitter: https://quillette.com/2021/02/21/can-governments-stop-bitcoin/ https://twitter.com/gladstein For other great episode on this topic and others related to it mentioned in the show: Bitcoin Cannot be Banned [Parker Lewis]: https://bitcoinaudible.com/?p=3943 Bitcoin POW is a Decentralized Clock [Grisha]: https://bitcoinaudible.com/?p=4728 An Unstoppable Force [Guy's Take]: https://bitcoinaudible.com/?p=5450 The Sovereign Company Thesis [Ck Snarks]: https://bitcoinaudible.com/?p=5521 A Lovely welcome back to SwanBitcoin as a supporter of BitcoinAudible. Making the best in Bitcoin available to listen while auto-buying Bitcoin at the same time! SwanBitcoin.com/guy And to our 2 other wonderful sponsors: BitBox - Minimal, user friendly, secure, Swiss made, open source, hardware wallet (guyswann.com/BitBox) LVL.co - The first Free, no-fee exchange & Bitcoin banking services! (guyswann.com/lvl) --- Send in a voice message: https://anchor.fm/thecryptoconomy/message
1 hr 25 min
Wake Up Podcast by Aleks Svetski
Wake Up Podcast by Aleks Svetski
Aleks Svetski
Ep 34 - The Revolutionary Phenotype & Emergence of Life on Earth with Jean-François Gariépy (JFG).
Ep 34 of Wake Up is probably the most educational I've done to date, at least in relation to biological evolution, how humanity came to be, and where it may be headed if we're not careful.  Jean-François Gariépy, YouTuber, biologist and author of the revolutionary phenotype joins me to discuss his new book, alongside the biological evolution of humanity and life on earth. We look at his elegant theory of how DNA has become the dominant life form on earth, and his extremely sound challenge to Dawkin's and others claims that Memes are actually a "real" replicator life form. We also discuss: - Quantum Darwinism and how that may be the base state - What a Zombie apocalypse would look like, and why it would fail. There was soooo much more in here too, including: Definitions of: - Phenotype VS replicator - General VS revolutionary phenotypes - Genes - Memes - Tremes - Qenes - Cremes Why Not all Qenes are made equal Problems for revolutionary phenotypes - Forgetfulness - Naked Warrior Problem - Trickster printer & fool replicators How 1 & 2 are Both solved with the Replicator Tango, and if a draw emerges in #3, then it leads to problem #4.  In this model, we discover where Memes fail.  - Replicator tango’s are a form of delegation. - Memes work with problem 1 & 2 - Memes fail on #3. - This is because Memes are Fool replicators & fail if they compete with the trickster printers. Cancer is a great example.  JFG calls this the "Principle of mutational servitude". Our genes are the trickster printer for the fool replicators that are memes.  Problem 4: The printer replacement problem. DNA won this battle (clearly).  It's proven by: “The principle of everlasting fingerprints”  Adding layers to the genetic code. The upper layer encodes the lower layer. Each genetic code layer is the remnant or evidence of a prior phenotypic revolution. We also dig into the idea of Quantum Darwinism (fascinating stuff). The idea of proteins encoding quantum states.  Abiogenesis VS Proteins & Quantum Evolution Phenotypic Revolutions all the way down. We discuss the The Phenotypic Separation Theory of Sex - The origins of sex - The 2 step process of Meiosis, and how it emerged despite it's unlikelihood. - How through separation it somehow solved problem 1, but done away with problems 2 - 4. Toward the end we discuss the warning of the book, ie; "The End of DNA", and teh story of the Natural's VS the Chosen's. The Path to QNA I pose some challenges to JFG, ie; - Problems with genetic adjustment. - Could the geneticists just fuck themselves up more? - Is the complexity too great? Where does it lead? Quantum World?? -- Proteins — RNA — DNA -- ??? Lastly, we cap it off with discussions on: Where does the idea of “god” or the “divine” fit and the idea of humans being of the divine ? So are proteins created in the image of God? Rebuttal against the guys who think Darwinism & natural selection is mathematically impossible  What is Consciousness? Soooooo much to digest in this one. Listen, enjoy, learn & share. Follow Jean-François at: @JFGariepy https://jfg.world https://www.youtube.com/channel/UC4bVl8YKrVKAr6hZlvzkakQ Buy his book on Amazon or Audible at: https://www.amazon.com/Revolutionary-Phenotype-amazing-story-begins/dp/1729861563/ ________________________________________ Thanks again for listening. Subscribe on YouTube, Anchor, Spotify: https://anchor.fm/wakeuppod https://YouTube.com/c/WakeUpPod
2 hr 41 min
Blockcrunch: For Global Crypto Investors | Investment Theses | Project Breakdowns  | Industry Trends
Blockcrunch: For Global Crypto Investors | Investment Theses | Project Breakdowns | Industry Trends
Jason Choi
NFTs for Skeptics: Bubble or New Paradigm? - Nick Tomaino, Ep. 134
I've been a vocal skeptic of NFTs as investments in the long term. To challenge my view, veteran crypto VC and ex-Coinbase early employee, Nick Tomaino (@NTMoney), joins us to debate: * How do you value digital collectibles? * The enforceability of moats in NFTs * Are NFTs in a bubble? * How large is the NFT opportunity? * NFT projects Nick is most excited about Host: Jason Choi (@MrJasonChoi). This show is not financial advice; show host and guest may hold some of the assets discussed. ------------- Sponsors ------------- CRYPTO.COM: Crypto.com serves 10M+ customers, providing them with a powerful alternative to traditional financial services through their App, Visa Card, Exchange and DeFi offerings. On the Crypto.com Exchange, you can buy coins at up to 50% off and mine the hottest DeFi tokens in one-click. Plus, you get paid a 2% deposit bonus, and up to 10% APR of interest by staking CRO! Sign up for the Crypto.com Exchange. BITTREX GLOBAL: You can now trade tokenized stocks like Google, Netflix, Amazon and Alibaba on Bittrex Global. Users can trade 24/7 globally, even purchase fractions of a share. Sign up now: https://global.bittrex.com/discover/tokenized-stocks. ------------- Disclosures ------------- Musical credits: Underground Stars by Loxbeats https://spoti.fi/34tPBBO Creative Commons — Attribution 3.0 Unported — CC BY 3.0 Free Download / Stream: https://bit.ly/underground-stars Music promoted by Audio Library https://youtu.be/vpJDMD2EzkA Disclaimer: Jason Choi is an investor at Spartan Capital, the hedge fund arm of The Spartan Group. All opinions expressed by Jason and podcast guests are solely their own opinions and do not reflect the opinion of The Spartan Group and any of its subsidiaries and personnel. This podcast is for information purposes only and should not be relied upon as a basis for investment decisions.
51 min
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