Pre-Show A personal account of living in Turkiye under soaring inflation, many trends described here are also happening in the US and Europe News The financial incentives of bitcoin are no joke, as Blackrock Names JPMorgan as Authorized Participant for Spot Bitcoin ETF Blackrock’s latest amended filing shows that it has named JPMorgan and Jane Street as the authorized participants for its spot bitcoin ETF. However, JPMorgan CEO Jamie Dimon recently said at a Senate hearing in reply to a question by Senator Elizabeth Warren (D-MA) that he would shut down cryptocurrency if he were the government, emphasizing that bitcoin and crypto are mainly used for criminal purposes. Bitwise on X: "The findings are in. We surveyed 437 financial advisors across the nation to gauge their views on crypto assets. Here's what they had to say..." / X SBF's political crimes trial is not going to happen likely due to the US Presidential election in 2024 Sam Bankman-Fried’s Political Donations: What We Know | TIME Interactive: Here are the politicians who received money from FTX's Sam Bankman-Fried - MarketWatch Sam Bankman-Fried will not face a second trial, U.S. prosecutors decide Economics Paying for oil in Indian Rupees is still unattractive as transaction costs are higher than paying in dollars Lyn Alden's latest piece on divergence in US Monetary and Fiscal Policy predicts government deficits driving monetary policy in the futre cut + The US Congres has had multiple crypto bills but little movement and none likely in 2024 Privacy and Bitcoin Education We've been seeing more questions about UTXO consolidation. There are privacy ramifications and things to consider about UTXO consolidation. Pre-ETF buy/sell could be a good time to address this. Fees are "lower" right now. Weekends also tend to be better. The first recommendation is to check out a recent episode: Bitcoin Dad Pod Episode 116: Liquid Courage We do a bit of a primer in there and chat some solutions. The second recommendation is to check out a very well-done multi-part series by Unchained Captial: What is a bitcoin UTXO and why do they matter? - Unchained More UTXOs, more problems: High fees, signing failures, and how to avoid them - Unchained UTXOs, addresses, and CoinJoins: Preserving privacy in a bitcoin economy - Unchained Feedback Remember to get in touch [email protected] or @bitcoindadpod on twitter Consider joining the matrix channel using a matrix client like element, details here Thank you Boosters If you get some value from this show, please consider sending a boost. Hearing from you means a lot to us! Send a Boost via the Podcast Index web page. No Podcast app upgrade required. Install Alby Find the Bitcoin Dad Pod on the Podcast Index Boost right from the page! Send a re-ocurring or one-off lightning boost to the show with no message at [email protected] or directly to Chris at [email protected] 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

News Institutional adoption is changing bitcoin's role in finance, is that good or bad? The Fragility of Bitcoin: Potential Challenges and Resilience Despite these challenges, there is reason to believe Bitcoin’s resilience shown to date will allow it to continue to push ahead into the future Nigeria removes bitcoin banking ban in favor of trying to regulate crypto companies Ocean pool is adding block template options that do not filter transactions per bitcoin knots policy, but you need to pay more to use them Economics Arthur Hayes lays out the fiat debasement hedge that is bitcoin and why other crypto value traps do not provide this fundamental value Altcoins Vitalik Buterin, one of the Etherium creators, thinks that ETH's technical complexity is undermining its functionality and proposes limiting the number of validators and/or making them trusted parties Bitcoin Education BTC Payserver LNbank plugin is discontinued after two serious vulnerabilies have Seth for Privacy has an awesome and actionable guide to build your own bitcoin mining pool, docker, ubuntu, shell commands, a great way to get some linux experience as well Feedback Remember to get in touch [email protected] or @bitcoindadpod on twitter Consider joining the matrix channel using a matrix client like element, details here Thank you Boosters If you get some value from this show, please consider sending a boost. Hearing from you means a lot to us! Send a Boost via the Podcast Index web page. No Podcast app upgrade required. Install Alby Find the Bitcoin Dad Pod on the Podcast Index Boost right from the page! Send a re-ocurring or one-off lightning boost to the show with no message at [email protected] or directly to Chris at [email protected] 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

Pre-Show The bitcointalk.org original hodl post is 9 years old and expresses many of the sentiments of the Game Stop Apes of January 2021 News Stacker news, a reddit clone that upvotes via lightning, has started OFAC complicance due to fears about US Financial regulation This might tie in with the politics of US Payroll taxes and maximizing tax collection NTA Blog: Heard Loud and Clear: IRS Postpones Implementation of $600 Form 1099-K Reporting by a Year - TAS As bitcoin transaction costs have risen, activity on the Liquid sidechain remains low while Alby, a popular bitcoin web payments plugin, is advertising a bounty to include Liquid support A high level critique of the Blockstream Liquid Sidechain, that is basically correct Liquid Network 🌊 on X "Under the high-fee market, there has been a renewed interest in second layers, resulting in an increased usage and adoption of Liquid 🌊. Marina - Liquid Wallet on X: "Pay and get paid via ⚡️ #LightningNetwork directly with your @Liquid_BTC balance. No channels, no routing errors, and no force close fees. 👀 Coming soon to your @MarinaWallet https://t.co/fl9Rs1qFcl" / X Introducing Liquid Network to the Alby Browser Extension Managing Liquidity on the Lightning Network - Builder's Guide Ronin Dojo, the backend for Samurai Wallet, removes BISQ and bitcoin knots support Economics US mainstream news declares inflation dead, just in time for Christmas but it conflates inflation with prices The U.S. Federal Reserve, a central bank, has changed their messaging from "higher interest rates for longer" at the begining of December to "thinking about cutting", but no one actually knows what data point has changed this perspective Bitcoin Education Bitcoin Optech Year in Review, highlights the developments and controversies of the last year of bitcoin development Feedback Remember to get in touch [email protected] or @bitcoindadpod on twitter Consider joining the matrix channel using a matrix client like element, details here Thank you Boosters If you get some value from this show, please consider sending a boost. Hearing from you means a lot to us! Send a Boost via the Podcast Index web page. No Podcast app upgrade required. Install Alby Find the Bitcoin Dad Pod on the Podcast Index Boost right from the page! Send a re-ocurring or one-off lightning boost to the show with no message at [email protected] or directly to Chris at [email protected] 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

Pre-Show At least one person is living on bitcoin in Singapore, all you need is a master's in finance and higher income than expenses News Warren Expands Coalition of Banking Committee Support for Bill Cracking Down on Crypto’s Use in Money Laundering, Drug Trafficking, Sanctions Evasion | U.S. Senator Elizabeth Warren of Massachusetts Cosponsors - S.2669 - 118th Congress (2023-2024): Digital Asset Anti-Money Laundering Act of 2023 | Congress.gov | Library of Congress Economics Arthur Hayes thinks that China and the US will coordinate a weak dollar policy to help China grow and the Democratic party win the 2024 election Bitcoin And Crypto To Be Measured At Fair Value Under New FASB Rules | Nasdaq Bitcoin to be recorded at fair value under new FASB rules issued toda Why is the EU supporing a French bank backed Euro stablecoin? It's dollarization fears Privacy US Mass surveillance is increasing House Intel Committee Approves FISA Reform and Reauthorization Act of 2023 | Permanent Select Committee On Intelligence A 'broadening' of the term “electronic service communications provider” means that every wifi network or business in the USA will need to give the government your data without a warrant Even a former FISA judge is alarmed at this overreach The EFF is on alert Even IT industry publications like the Register are reporting on this privacy monstrosity Is late stage liberalism when democratic state become de-facto authoritarian by ignoring the political ramifications of wealth? Ledger Wallet is a surveillance application and they have had their fragile cloud infrastructure compromised do not use ledger or their dApp ecosystem "FINAL TIMELINE AND UPDATE TO CUSTOMERS" Ledger Connect Kit Exploited Bitcoin Education Bitcoin Optech mentions another stratum V2 mining pool launch More developments on ecash wallet recovery, interesting technology but difficult legally Feedback Remember to get in touch [email protected] or @bitcoindadpod on twitter Consider joining the matrix channel using a matrix client like element, details here Boosts From: @meremortalspodcast Through the podcast and I've recently got the opportunity to convert from lightning to onchain. 2 questions. How traceable are these sats from lightning (considering they come via a very identifiable Alby wallet)? And do you know many stories of people having non-KYC BTC who actually needed them? I know theoretically why non-KYC is important, but I'll be more persuaded with real life examples of where they were vital for economic freedom. reply on: I'm Kilian, Co-Founder of Boltz. AMA. \ stacker news ~bitcoin Thank you Boosters If you get some value from this show, please consider sending a boost. Hearing from you means a lot to us! Send a Boost via the Podcast Index web page. No Podcast app upgrade required. Install Alby Find the Bitcoin Dad Pod on the Podcast Index Boost right from the page! Send a re-ocurring or one-off lightning boost to the show with no message at [email protected] or directly to Chris at [email protected] 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

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 [email protected] or @bitcoindadpod on twitter Consider joining the matrix channel using a matrix client like element, details here Thank you Boosters If you get some value from this show, please consider sending a boost. Hearing from you means a lot to us! Send a Boost via the Podcast Index web page. No Podcast app upgrade required. Install Alby Find the Bitcoin Dad Pod on the Podcast Index Boost right from the page! Send a re-ocurring or one-off lightning boost to the show with no message at [email protected] or directly to Chris at [email protected] 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

Pre-Show Bad entropy will get your bitcoins stolen News This cycle's bitcoin environmental FUD is probably going to be water usage Shiny new FUD ammo takes media by storm! Rebuttal of BBCNews article, and the Underlying Study, on Bitcoin Water Usage – Batcoinz Unchained surveyed US investors and sentiment is very bullish on bitcoin Economics What is Global R*? And why is it still falling? A Mechanistic model based view of society, humans, and economics is wrong It's not good enough to centrally manage human existence Privacy The US Treasury wants to expand warrantless mass surveillance and sanction free speach via software in order to strengthen its ability to sanction Bitcoin Education Bitcoin Optech covers liquidity advertisements, a feature of dual-funded channels on lightning offered by Core lightning from Blockstream both parties contribute a utxo to a lightning channel liquidity on both sides of the channel at opening Feedback Remember to get in touch [email protected] or @bitcoindadpod on twitter Consider joining the matrix channel using a matrix client like element, details here Bitcoin Dad Pod - Pay with you Fav App I sent a boost via Fountain.fm's website Scanned the QR code with my Strike app No Alby or new Podcasting app required! Thank you Boosters If you get some value from this show, please consider sending a boost. Hearing from you means a lot to us! Send a Boost via the Podcast Index web page. No Podcast app upgrade required. Install Alby Find the Bitcoin Dad Pod on the Podcast Index Boost right from the page! Send a re-ocurring or one-off lightning boost to the show with no message at [email protected] or directly to Chris at [email protected] 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

Interview: Peter Todd Critiquing Drivechains Peter's technical critique document Peter's blog OpenTimestamps website Previous Interviews with Paul Storcz (on Drivechains) TickTok Activated Softforks with Paul Sztorc Interview: Scaling, Development, and Drivechains with Paul Sztorc Feedback Remember to get in touch [email protected] or @bitcoindadpod on twitter Consider joining the matrix channel using a matrix client like element, details here Thank you Boosters If you get some value from this show, please consider sending a boost. Hearing from you means a lot to us! Send a Boost via the Podcast Index web page. No Podcast app upgrade required. Install Alby Find the Bitcoin Dad Pod on the Podcast Index Boost right from the page! Send a re-ocurring or one-off lightning boost to the show with no message at [email protected] or directly to Chris at [email protected] 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

Pre-Show Mempool Observer seems to have caught bitcoin mining pool F2pool not mining OFAC sanctioned bitcoin addresses The SEC thinks polygon and solana are securities but this is likely insurance against losing an identical lawsuit against Coinbase News Binance's CEO CZ will plead guilty to U.S. money laundering charges, and the exchange will pay a $4.3bn fine to settle some US allegations of ciminality though SEC and CTFC lawsuits are still pending Bitrex, another non-US crypto exchange, is shutting down Dec 4th Bhutan's bitcoin mining operation has been identified by Forbes Wallet of Satoshi, a popular custodial bitcoin lightning wallet, is removing its app from US app stores, as it is a not compliant with US regulations around financial custody Apple Deactivates Zeus Developer Account Following Antitrust Lawsuit by Cash App & Venmo Users EVAN KALOUDIS on X "Apparently, if you get cited in someone else's anti-trust lawsuit, Apple will deactivate your developer account without notice. Economics The Monetary Gates Are Open - Lyn Alden the killer app for this technology is money: savings and payments. Bitcoin is a powerful innovation with long-term potential. Stablecoins have been a powerful bridging tool as well. Argentina's new president is a symptom of this trend towards dollarization and stablecoins are popular in Argential Is bitcoin entering it's epoch of diminishing returns? I guess we'll find out soon Privacy Cloudflare seems to be filtering for OFAC listed etherium addresses via its Etherium gateway service Coincenter, a crypto lobbying group, asks is the U.S. Bank Secrecy Act constitutional? obviously not but that doesn't matter Altcoins Bitcoin Education Bitcoin Optech covers lightning offer addresses Feedback Remember to get in touch [email protected] or @bitcoindadpod on twitter Consider joining the matrix channel using a matrix client like element, details here Thank you Boosters If you get some value from this show, please consider sending a boost. Hearing from you means a lot to us! Send a Boost via the Podcast Index web page. No Podcast app upgrade required. Install Alby Find the Bitcoin Dad Pod on the Podcast Index Boost right from the page! Send a re-ocurring or one-off lightning boost to the show with no message at [email protected] or directly to Chris at [email protected] 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

Waxwing's blog JoinMarket, WaxWing's coinjoin software, link to the github repo Previous interview on coinjoin His PathCoin presentation from Adopting Bitcoin 2023 Feedback Remember to get in touch [email protected] or @bitcoindadpod on twitter Outro Podcasting 2.0 to support an indepenent podcasting ecosystem The Fountain podcast app ## Sponsors and Acknowledgements Music by Lesfm from Pixabay Self Hosted Show courtesy of Jupiter Broadcasting

Pre-Show ETF hype fading? End of an 8 day approval window Bloomberg's James Seyffart says still a 90% chance approval by Jan 10th 2024. James Seyffart on X "Okay, we're nearing in on deadline dates for 3 spot #Bitcoin ETF applications. I want to get ahead of it because there's a pretty good chance we'll see delay orders from the SEC. Delays WOULD NOT change anything about our views & 90% odds for 19b-4 approval by Jan 10, 2024 Bitcoin News on X JUST IN: @EricBalchunas of Bloomberg reports that the 🇺🇸 SEC is advising spot #Bitcoin ETF issuers that they prefer cash creations over in-kind creations for these ETFs. Cash "creates" mean the issuer would transact in cash instead of using #Bitcoin directly. The SEC prefers cash creates because broker-dealers can't directly handle Bitcoin. This move is seen as a positive step indicating progress in the approval process, despite the potential need for adjustments by the ETF filers. Bitcoin Archive on X "CNBC host questions why the SEC hasn't approved a spot #Bitcoin ETF because Chairman Gary Gensler certainly understands Bitcoin. “He taught Bitcoin at MIT, he understands it…there has to be something else." I wonder… 🧐 News Economics Consumer inflation in the US is moderating as consumers get poorer, but the monetary base continues to rise due to government spending Car Insurance Inflation: 19.2% Car Repair Inflation: 9.6% Transportation Inflation: 9.2% Rent Inflation: 7.2% Homeowner Inflation: 6.8% Food Away From Home Inflation: 5.4% Cereals & Bakery Products Inflation: 4.2% While CPI inflation is at 3.2%, inflation is much higher in many basic necessities Crypto Tea on X: The problem with bitcoin. I bull post often but I want you to be aware of the problems with decentralization people have found a way around bitcoins rules to post pictures and memecoins on the blockchain there are currently 300,000 pending transactions, fees are spiking to $12 Bitcoin Average Transaction Fee Bitcoin Average Transaction Fee is at a current level of 18.69, up from 8.776 yesterday and up from 2.207 one year ago. This is a change of 113.0% from yesterday and 746.9% from one year ago. Privacy Swan Bitcoin to Limit Customers Interacting with Privacy Services Due to Partner Policy "Please be advised that depositing directly from, or withdrawing directly to, a mixing wallet may result in the termination of your account with our banking and custodial partners," the company added. FinCEN Seeks to Impose Strict Surveillance Requirements onto Broadly Defined Class of 'Bitcoin Mixers' FinCEN emphasizes that Convertible Virtual Currency [CVC] mixing does not fully rely on the use of CVC mixers and include the following methods: Pooling or aggregating CVC from multiple persons, wallets, addresses, or accounts. Splitting CVC for transmittal and transmitting the CVC through a series of independent transactions. Using programmatic or algorithmic code to coordinate, manage, or manipulate the structure of a transaction. Creating and using single-use wallets, addresses, or accounts and sending CVC through these wallets, addresses, or accounts in a series of transactions. Exchanging between types of CVC, or other digital assets. Facilitating user-initiated delays in transactional activity. Open source journalist Jameson Lopp (among other things) has been tracking physical attacks on bitcoiners, in case you need more incentive to work on your privacy online 810 million Indian citizens have been completely doxed in a database hack HRF, a human rights foundation focusing on economic freedom, has launched a global CBDC tracker Evaluates projects by launched, pilot, or research Quantifies rule of law and other variables (not sure how) of respective countries Altcoins And the prize for most hypocritical altcoiner goes to Nouriel Roubini, a rabid bitcoin critic and well known mainstream economist, with his announcement of an AI and 'green tech' powered crypto token, it's a terrible idea but the takeaway is that EVERYONE is getting into 'stable' coins Bitcoin Education A new opensource website for developers to document knowledge of bitcoin opcodes is a resource to better understand bitcoin script and proposed opcode changes Bitcoin optech #277 covers transaction malleability Feedback Remember to get in touch [email protected] or @bitcoindadpod on twitter Consider joining the matrix channel using a matrix client like element, details here Boost links Energy Transition Crisis a documentary about the necessity of nuclear for carbon free energy Thank you Boosters If you get some value from this show, please consider sending a boost. Hearing from you means a lot to us! Send a Boost via the Podcast Index web page. No Podcast app upgrade required. Install Alby Find the Bitcoin Dad Pod on the Podcast Index Boost right from the page! Send a re-ocurring or one-off lightning boost to the show with no message at [email protected] or directly to Chris at [email protected] 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