Podcasts about ecash

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Best podcasts about ecash

Latest podcast episodes about ecash

The Bitcoin Matrix
Uncle Rockstar Developer - Do You Own Real Bitcoin?

The Bitcoin Matrix

Play Episode Listen Later May 5, 2025 105:25


In this episode, I chat with Rockstar Dev, a legendary shadowy super coder, core contributor, and cypherpunk. We explore what Lightning and eCash mean for Bitcoin's future, what it's like to live a masked identity, and how to build better systems that empower individuals. ––– Offers & Discounts –––

Stephan Livera Podcast
Fedimint 0.7 - eCash, Iroh, LNURL and easy setup with Eric & Joschi | SLP651

Stephan Livera Podcast

Play Episode Listen Later Apr 24, 2025 73:28


In this episode, Stephan discusses the latest updates on Fedimint with its founders Eric Sirion and Joschi. They delve into the concept of eCash, its significance in the Bitcoin ecosystem, and the differences between Fedimint and other systems like Cashu. The conversation highlights the real-world applications of Fedimint, recent updates including version 0.7, and the introduction of IROH, which simplifies the setup process. They also explore the importance of client agnosticism, the integration of LN URL and BOLT 12 for enhanced user experience, and the role of Lightning Gateways in facilitating transactions. The conversation also dives into the intricacies of Fedimint - a decentralized solution for Bitcoin custody and management. The speakers discuss the roles of clients and guardians, the ease of setting up a Fedimint, and the future of community adoption. They explore the comparative advantages of Fedimint over other Bitcoin solutions, including Liquid and custodial wallets, emphasizing the importance of privacy, trust, and decentralization in the Bitcoin ecosystem. Takeaways

Stephan Livera Podcast
Ark: Scaling Bitcoin Payments with Steven Roose | SLP645

Stephan Livera Podcast

Play Episode Listen Later Mar 21, 2025 77:08


Stephan chats with Steven Roose, CEO of SecondBTC, about Ark, a new Layer 2 solution for Bitcoin that aims to simplify self-custodial payments. They discuss the challenges of onboarding new users to Bitcoin, the unique features of Ark compared to other solutions like Liquid and Cashu, and the importance of maintaining user control over funds. The conversation also touches on the recent Signet launch, scalability concerns, and practical use cases for Ark in facilitating Bitcoin transactions. Steven also explores future plans for the Mainnet launch, the possibility of competing ARC servers, and the implications of CTV and CheckSig from Stack on efficiency gains in the Bitcoin ecosystem.Takeaways

Stansberry Investor Hour
Inflation and Debt Are Looming Over the U.S. Economy

Stansberry Investor Hour

Play Episode Listen Later Feb 10, 2025 63:12


On this week's Stansberry Investor Hour, Dan and Corey welcome Frank Trotter to the show. Frank is the president of Battle Bank, which is looking to revolutionize the digital-banking industry. Frank kicks off the show by sharing how he got his start in banking and how interest rates have changed over the decades due to various crises and bear markets. That leads to a discussion about the U.S.'s 10-year Treasury yield and why it has soared since the Federal Reserve cut rates. Frank also dives into EverBank, the direct-to-consumer online bank he co- founded in 1998 that amassed $28 billion in total assets. (1:40) Next, Frank explains what the current regulatory environment is like and how EverBank survived the dot-com bust. He then goes in depth on Battle Bank, which is focusing on the national direct-to-consumer branchless market. Frank covers Battle Bank's conservative strategy for lending money, whether environmentalism and politics have had any impact on lending to natural resource companies, and the specific advantages Battle Bank has over larger banks. (19:14) Finally, Frank talks about crypto acceptance at Battle Bank, "eCash" being ahead of its time in the 1990s, and the larger limitations of bitcoin that will impede it from becoming a reserve currency. He also gives his thoughts on Elon Musk's Department of Government Efficiency and its lofty goal of cutting $2 trillion in federal spending. And he closes the episode out by urging listeners to think about the future and ask themselves some tough questions. (37:25)

Stansberry Investor Hour
Inflation and Debt Are Looming Over the U.S. Economy

Stansberry Investor Hour

Play Episode Listen Later Feb 10, 2025 63:12


On this week's Stansberry Investor Hour, Dan and Corey welcome Frank Trotter to the show. Frank is the president of Battle Bank, which is looking to revolutionize the digital-banking industry. Frank kicks off the show by sharing how he got his start in banking and how interest rates have changed over the decades due to various crises and bear markets. That leads to a discussion about the U.S.'s 10-year Treasury yield and why it has soared since the Federal Reserve cut rates. Frank also dives into EverBank, the direct-to-consumer online bank he co- founded in 1998 that amassed $28 billion in total assets. (1:40) Next, Frank explains what the current regulatory environment is like and how EverBank survived the dot-com bust. He then goes in depth on Battle Bank, which is focusing on the national direct-to-consumer branchless market. Frank covers Battle Bank's conservative strategy for lending money, whether environmentalism and politics have had any impact on lending to natural resource companies, and the specific advantages Battle Bank has over larger banks. (19:14) Finally, Frank talks about crypto acceptance at Battle Bank, "eCash" being ahead of its time in the 1990s, and the larger limitations of bitcoin that will impede it from becoming a reserve currency. He also gives his thoughts on Elon Musk's Department of Government Efficiency and its lofty goal of cutting $2 trillion in federal spending. And he closes the episode out by urging listeners to think about the future and ask themselves some tough questions. (37:25)

Blockchain DXB

Date: January 21, 2025Time: 7:00 PM GSTPlatform: LinkedIn Live watch here Hosts: DEE A & RA George LinkedIn profile for Dee A - https://www.linkedin.com/in/deeallan/ LinkedIn Profile for RA George - https://www.linkedin.com/in/ra-george-19b102104/ Watch LinkedIn video here https://shorturl.at/JsSnR This special beginner-level session of Bitcoin DXB focuses on introducing Bitcoin in a way that's easy to understand for politicians, high-net-worth individuals (HNWIs), educational institutions, lawyers, and government agencies. We break down the basics of Bitcoin, discuss its history, and explain key concepts, providing a solid foundation for anyone new to the world of cryptocurrency. What is Bitcoin? Definition: General public perception: Is Bitcoin a scam, internet money, or crypto? Hosts' definitions: Insights from DEE A & RA George. Whitepaper Definition: Peer-to-peer electronic cash system, as defined by Satoshi Nakamoto. Why it Matters: Challenges with the current banking system vs. Bitcoin's peer-to-peer model. A personal perspective on the inefficiencies of traditional systems like KYC and large-sum transactions. The Basics of Bitcoin 21 Million Limit: Exploring the concept of demand vs. supply. Bitcoin Halving: An easy breakdown of how and why Bitcoin rewards are halved every 4 years: History of Bitcoin Bitcoin wasn't the first cryptocurrency; others like eCash, B-Money, BitGold, and Hashcash came before. The Double-Spending Problem and how Bitcoin solved it using cryptography, hashing algorithms, and mathematics (SHA-256). Key Concepts of Bitcoin Peer-to-Peer: A comparison with fiat systems and real-world examples (e.g., Dubizzle, Facebook Marketplace). Electronic Cash System: Bitcoin Mining Simplified explanation: Miners solve puzzles to verify transactions, using energy in a process called Proof of Work (PoW). Pillars of Bitcoin (Open Blockchain) Open Source: Transparent source code available on GitHub. Permissionless: No age or location restrictions for users. Borderless: Seamless transactions worldwide. Censorship-Resistant: Miners update transactions without validating their purposes. Publicly Verifiable: Bitcoin transactions are traceable via Blockchain Explorer, making illicit activities detectable. Comparison to CBDCs CBDCs are not peer-to-peer and are controlled by central banks. Bitcoin provides transparency, while CBDCs allow selective verification and potential double-spending. This session breaks down the barriers to understanding Bitcoin, helping beginners grasp why it's often called the future of money. Join us for future episodes of Bitcoin DXB as we dive deeper into advanced topics like Bitcoin mining, halving, and the future of blockchain. Follow RA George and DEE A for updates and insights! Follow Us:Stay updated on the latest in crypto by subscribing to our channels and joining the discussion on LinkedIn.

Tales from the Crypt
#573: A Free World Needs Private Money with Calle

Tales from the Crypt

Play Episode Listen Later Jan 17, 2025 79:14


Marty sits down with Calle to discuss Cashu. Cashu: https://cashu.space/ Calle on Nostr: https://primal.net/calle 0:00 - Intro 0:36 - Programming is art 5:36 - Zooming out on the struggle for freedom 10:23 - Dealing with the pace of change 14:20 - Unchained & Fold 16:13 - Financial privacy 20:43 - Chaumian ecash history 33:34 - Zaprite & SOTE 35:06 - Ecash on bitcoin 42:55 - Hash pools 48:45 - Interoperable systems 52:11 - We need more privacy and more devs 55:24 - Narrative and communication 1:00:45 - Magic stuff that just works 1:10:19 - Nostr as a gateway to bitcoin 1:17:21 - Wrap up Shoutout to our sponsors: Unchained https://unchained.com/tftc/ Fold https://foldapp.com/marty Zaprite https://zaprite.com/tftc Salt of the Earth https://drinksote.com/tftc Join the TFTC Movement: Main YT Channel https://www.youtube.com/c/TFTC21/videos Clips YT Channel https://www.youtube.com/channel/UCUQcW3jxfQfEUS8kqR5pJtQ Website https://tftc.io/ Twitter https://twitter.com/tftc21 Instagram https://www.instagram.com/tftc.io/ Nostr https://primal.net/tftc Follow Marty Bent: Twitter https://twitter.com/martybent Nostr https://primal.net/martybent Newsletter https://tftc.io/martys-bent/ Podcast https://www.tftc.io/tag/podcasts/

Bitcoin Optech Podcast
Bitcoin Optech: Newsletter #334: 2024 Year-in-Review Special Recap

Bitcoin Optech Podcast

Play Episode Listen Later Dec 23, 2024 119:40


Mark “Murch” Erhardt and Mike Schmidt are joined by Dave Harding, Niklas Gögge, Gloria Zhao, and Rearden to discuss ⁠Newsletter #334: 2024 Year-in-Review Special⁠. January Fee-dependent timelocks (16:18) Optimized contract protocol exits (17:20) LN-Symmetry proof-of-concept implementation (18:22) February Replace by feerate (22:32) Human-readable payment instructions (27:25) Improved ASMap generation (28:09) LN dual funding (32:33) Trustless betting on future feerates (32:56) Summary 2024: Vulnerability disclosures (7:05) March BINANAs and BIPs (33:33) Enhanced feerate estimation (34:41) More efficient transaction sponsorship (46:08) April Consensus cleanup (50:06) Reforming the BIPs process (51:08) Inbound routing fees (53:10) Weak blocks (54:01) Restarting testnet (57:43) Developers arrested (1:00:06) Summary 2024: Cluster mempool (1:01:10) May Silent payments (1:06:51) BitVMX (1:07:37) Anonymous usage tokens (1:09:50) LN channel upgrades (1:12:00) Ecash for pool miners (1:13:33) Miniscript specification (1:14:54) Utreexo beta (1:16:16) June LN payment feasibility and channel depletion (1:18:17) Quantum-resistant transaction signing (1:20:02) Summary 2024: P2P transaction relay (1:20:39) July Blinded paths for BOLT11 invoices (1:31:07) ChillDKG key generation for threshold signatures (1:31:47) BIPs for MuSig and threshold signatures (1:32:18) August Hyperion network simulator (1:33:00) Full RBF (1:33:56) Summary 2024: Covenants and script upgrades (2:08) September Hybrid jamming mitigation tests and tweaks (1:35:10) Shielded CSV (1:38:40) LN offline payments (1:41:22) October BOLT12 offers (1:42:34) Mining interfaces, block withholding, and share validation cost (1:43:13) Summary 2024: Major releases of popular infrastructure projects (1:50:41) November SuperScalar timeout tree channel factories (1:51:19) Fast and cheap low-value offchain payment resolution (1:53:29) Summary 2024: Bitcoin Optech (1:55:17)

Bitcoin Audible
Read_859 - Ecash on Bitcoin

Bitcoin Audible

Play Episode Listen Later Dec 20, 2024 55:56


"Ecash got reintroduced with the two open source projects Fedimint and Cashu. In my opinion, the main reason for this revival is the following fact: Unlike an implementation of ecash in the fiat world, that would rely on the permissioned system to "allow" something like ecash to exist, bitcoin does not come with that limitation. The permissionless nature of bitcoin allows for these protocols to exist and interoperate with the existing bitcoin stack." -Gandlaf21 Can Ecash, a privacy preserving but centralized and custodial system, coexist with the decentralized and permissionless nature of Bitcoin? Does it pose a threat to self-custody, or can it provide a more private and user-friendly experience for those who struggle with the complexities of holding their own coins? Explore the potential benefits and drawbacks of Ecash and its implications for the future of financial services. Check out the original article at Ecash on Bitcoin (Link: https://tinyurl.com/ts6f64yt) Host Links ⁠Guy on Nostr ⁠(Link: http://tinyurl.com/2xc96ney) ⁠Guy on X ⁠(Link: https://twitter.com/theguyswann) Guy on Instagram (Link: https://www.instagram.com/theguyswann) Guy on TikTok (Link: https://www.tiktok.com/@theguyswann) Guy on YouTube (Link: https://www.youtube.com/@theguyswann) ⁠Bitcoin Audible on X⁠ (Link: https://twitter.com/BitcoinAudible) The Guy Swann Network Broadcast Room on Keet (Link: https://tinyurl.com/3na6v839) Check out our awesome sponsors! Fold: The best way to buy, use, and earn #Bitcoin on everything you do! Sats back on your debit card, gift cards, auto-buys, round-ups, you name it. Fold is the true bitcoiner's banking. Get 20K sats for FREE using referral code bitcoinaudible.com/fold Ready for best-in-class self custody? Get ⁠5% off the COLDCARD⁠ with code BITCOINAUDIBLE ⁠⁠⁠⁠⁠⁠(Link: https://bitcoinaudible.com/coldcard) Trying to BUY BITCOIN? River, secure, trusted, bitcoin only, lightning enabled, simple. (Link: https://bitcoinaudible.com/river) Bitcoin Games! Get 10% off the best Bitcoin board game in the world, HODLUP! Or any of the other great games from the Free Market Kids! Use code GUY10 at checkout for 10% off your cart! (Link: https://www.freemarketkids.com/collections/games-1) Bitcoin Custodial Multisig Want to get into Bitcoin but not ready for self custody? Use custodial multisig for the best way to distribute trust across multiple institutions and even jurisdictions! Check out OnRamp. (Link: BitcoinAudible.com/onramp) Education & HomeSchooling Get the lesson in real economics that you never got in school, and teach your kids the truth, not the statist i...

Thriller Bitcoin
Stacker News Live #149: Ecash on Bitcoin

Thriller Bitcoin

Play Episode Listen Later Dec 8, 2024 121:19


Join Car and Keyan to discuss Stacker News' top posts of the week, Car & Keyan's favorite posts of the week, and top stackers for the week of Dec 6th, 2024.Follow the conversation of the episode on SN.Time Stamps:00:03:10-Trying to gain rough technical consensus on covenant proposals00:16:13-Cobra says developers are working to activate CTV00:22:53-Turning Tires into Bitcoin00:27:49-Legend of the Snail | Winner Announcement | $103,12900:37:45-Ecash on Bitcoin - Gandlaf thoughts on ecash, after working on cashu for 2 years01:06:45-The fascinating security model of dark web marketplaces01:11:21-SN release: direct payments to attached wallets, send fallbacks, lots of smalls01:17:37-Bitcoin Breaks 100K!01:20:46-Why do geniuses like Elon Musk and Sam Altman overlook Bitcoin?01:25:02-Sunday Survey: Do you believe in Aliens?01:30:47-Hackalajara Mixtape Vol 1 - Thriller ep01:32:12-Learning Resilience - Thriller post01:33:25-Top Stackers01:50:55-review - No More Inflation01:53:45-Silo - Season 2 | very interesting new seasonShoutout @Wumbo for Co-Producing SNL this week. Zap'em!We love the Fountain app for Lightning 2.0 podcasting, Send us a Boost, and we will read it on the next SNL.Find Car on NostrFollow Car on SNRead Thriller BitcoinFollow Thriller on NostrFollow Thriller on YouTubeContribute to ~buildersLearn more about PlebLabFollow Keyan on TwitterFollow Keyan on NostrFollow Keyan on SNFollow Stacker News on NostrLearn more about Stacker News

Rabbit Hole Recap
THE $100K BITCOIN JINX | RABBIT HOLE RECAP #333

Rabbit Hole Recap

Play Episode Listen Later Nov 29, 2024 68:15


- AnchorWatch Becomes Lloyd's of London Coverholder https://finance.yahoo.com/news/anchorwatch-becomes-lloyds-london-coverholder-202100569.html - U.S. Appeals Court Overturns Sanctions Against Tornado Cash https://www.nobsbitcoin.com/u-s-appeals-court-overturns-sanctions-against-tornado-cash/ - Samourai Wallet & Tornado Cash Prosecutor Damian Williams to Step Down in December https://www.nobsbitcoin.com/samourai-wallet-tornado-cash-prosecutor-damian-williams-to-step-down-in-december/ - Donate: https://p2prights.org or https://primal.net/e/note1a2z4xhmyfkvtusdcswgck64lqew6puld77lwdnrumpgyvxh2srns7h2fmn - Bitmain Antminer Units Halted at U.S. Customs for Months https://www.nobsbitcoin.com/bitmain-antminer-units-halted-at-u-s-customs-for-months-report/ - Swan customers charged up to $125 Fortress 'Admin Fee' https://x.com/SwanBitcoin/status/1861566511011221754 https://x.com/Pledditor/status/1862318521239445779 - Ecash mints funded with Spillman channels: The ultimate nodeless Lightning wallet https://gist.github.com/lukechilds/307341239beac72c9d8cfe3198f9bfff https://arkdev.info/blog/bitcoin-virtual-channels/ https://dcgco.medium.com/bitcoin-scaling-agreement-at-consensus-2017-133521fe9a77 - Human Rights Foundation Story of the Week Nicaragua | Journalist Arrested for Criticizing Rising Cost of Living The National Police arrested Nicaraguan journalist Elsbeth D'Anda last month for criticizing the rising cost of living on his television program La Cobertura. The regime loyalists deployed 20 officers and detained D'Anda at his home, confiscating his equipment before taking him to the notorious El Chipote prison. Several press freedom organizations have condemned the arbitrary detention as an attack on free expression. This arrest is the latest addition to a series of repressive measures by the Sandinista regime, which has crushed independent media through shutdowns, exiles, intimidations, and persecutions. FinancialFreedomReport.org - BlueWallet v7.0.5 is out. It comes with a variety of new goodies, including offline import support, CoinControl sorting, notification shortcuts, and more https://github.com/BlueWallet/BlueWallet/releases/tag/v7.0.5 - Olas v0.1.4: Instagram-like Nostr Client https://www.nobsbitcoin.com/olas-v0-1-4/ - Flotilla: Discord-like Nostr Client for Relay-based Communities https://www.nobsbitcoin.com/flotilla-v0-1/ - zapstore v0.1.6 improves background loading, fixes themed icons, allows sending error reports, and more. https://github.com/zapstore/zapstore/releases/tag/0.1.6 - Tor Browser v14.0.3 includes important security updates from Firefox https://blog.torproject.org/new-release-tor-browser-1403/ 0:00 - Intro 3:52 - Thanksgiving & message from Sahil 9:18 - Dashboard 10:34 - AnchorWatch Lloyd's Coverholder 15:48 - Tornado Cash sanctions overturned 19:03 - Tornado Cash/Samurai prosecutor stepping down 23:57 - Antminers halted at customs 27:48 - Swan customers charged $125 Fortress fee 31:27 - Ecash Spillman channels and scaling discussion 50:02 - HRF Story of the Week 52:31 - Boosts 57:22 - Software updates Shoutout to our sponsors: Unchained https://unchained.com/concierge/ Coinkite https://coinkite.com/ Stakwork https://stakwork.ai/ TFTC Merch is Available: Shop Now https://merch.tftc.io/ Join the TFTC Movement: Main YT Channel https://www.youtube.com/c/TFTC21/videos Clips YT Channel https://www.youtube.com/channel/UCUQcW3jxfQfEUS8kqR5pJtQ Website https://tftc.io/ Twitter https://twitter.com/tftc21 Instagram https://www.instagram.com/tftc.io/ Follow Marty Bent: Twitter https://twitter.com/martybent Newsletter https://tftc.io/martys-bent/ Podcast https://tftc.io/podcasts/ Follow Odell: Nostr https://primal.net/odell Newsletter https://discreetlog.com/ Podcast https://citadeldispatch.com/

Rabbit Hole Recap
THE GREATEST BITCOIN BULL RUN OF ALL TIME | RABBIT HOLE RECAP #331

Rabbit Hole Recap

Play Episode Listen Later Nov 14, 2024 105:17


- Bitcoin surpassed silver as the 8th largest asset in the world. Its market capitalization has reached $1.752 trillion, surpassing silver's $1.726 trillion. - Bitcoin Fog User Roman Sterlingov Gets 12.5 Years for Allegedly Running It Based on 'Junk Science' https://www.nobsbitcoin.com/bitcoin-fog-user-roman-sterlingov-gets-12-5-years-for-allegedly-running-it-based-on-junk-science/ - OpenSats Long-Term Support For m1sterc001guy https://opensats.org/blog/m1sterc001guy-receives-lts-grant - Mutiny Team: Introducing OpenSecret - the encrypted backend https://blog.opensecret.cloud/introducing-opensecret/ - Block announces Proto Mining division https://proto.xyz - Italy to water down its 42% cryptocurrency capital gains tax proposal https://www.nobsbitcoin.com/gm-2024-11-13/ - Bitkey partners with Blockchain.com and Azteco https://bitkey.build/welcoming-blockchain-com-and-azteco-as-bitkey-partners/ - Human Rights Foundation Story of the Week Burma | International Payment Services Suspended for Citizens https://financialfreedomreport.org - Bitcoin Dev Kit team Q3 update https://bitcoindevkit.org/blog/_2024-q3-update/ - Tether unveils Tether Wallet Development Kit (WDK) https://wallet.tether.io - Nunchuk Android v1.9.54, iOS v1.9.58, and Desktop v1.9.40 now support COLDCARD as an inheritance key, add the option to 'send all remaining' for batch transactions, along with various fixes and improvements. - cashu.me improvements https://primal.net/e/note142j2cm47j75kjywdp5f9jkgr6gesu6d4mgsdx760a46aj9r7c63swljwl2 - ZEUS v0.9.2: Export Transaction History, BIP-353, BOLT 12 & Hardware Signer Improvements https://www.nobsbitcoin.com/zeus-v0-9-2/ - Krux v24.11.0: Experimental Tamper Detection Tool & Other Improvements https://www.nobsbitcoin.com/krux-v24-11-0/ - Liana v8.0: Improved Setup Process, New Templates, BitBox02 Support https://www.nobsbitcoin.com/liana-v8-0/ - RoboSats v0.7.2-alpha lets users test Nostr global order books by enabling the option in the configuration tab https://www.nobsbitcoin.com/robosats-v0-7-2-alpha/ - LocalSend is a free and open-source, cross-platform tool for sharing files over the local WiFi network with secure end-to-end encryption https://www.nobsbitcoin.com/gm-2024-10-12/ - Improving Private Signal Calls: Call Links & More https://signal.org/blog/call-links/ - Mullvad VPN cancels remaining PayPal subscriptions to collect less user data https://mullvad.net/en/blog/remaining-paypal-subscriptions-are-being-canceled 0:00 - Intro 3:44- Don Lemon quitting Twitter 7:18 - Supercycle debate 25:39 - Dashboard 28:56 - Bitcoin passes silver 31:47 - Roman Sterlingov gets 12.5 years 38:36 - OpenSats 39:38 - OpenSecret 42:34 - Block Proto 44:29 - Gary might leave SEC 48:29 - Italy waters down cap gains 51:46 - Bitkey partnerships 56:49 - HRF Story of the Week 1:04:50 - BDK Q3 update 1:06:59 - Tether wallet dev kit 1:12:42 - Nunchuck and Cashu 1:16:39 - Ecash and consensus 1:27:23 - Boosts 1:31:10 - Software updates 1:38:19 - Trump and Polymarket 1:43:55 - Onion InfoWars Shoutout to our sponsors: Unchained https://unchained.com/concierge/ Coinkite https://coinkite.com/ Stakwork https://stakwork.ai/ TFTC Merch is Available: Shop Now https://merch.tftc.io/ Join the TFTC Movement: Main YT Channel https://www.youtube.com/c/TFTC21/videos Clips YT Channel https://www.youtube.com/channel/UCUQcW3jxfQfEUS8kqR5pJtQ Website https://tftc.io/ Twitter https://twitter.com/tftc21 Instagram https://www.instagram.com/tftc.io/ Follow Marty Bent: Twitter https://twitter.com/martybent Newsletter https://tftc.io/martys-bent/ Podcast https://tftc.io/podcasts/ Follow Odell: Nostr https://primal.net/odell Newsletter https://discreetlog.com/ Podcast https://citadeldispatch.com/

What Bitcoin Did
Technology Powered Freedom with Alex Gladstein - MOB014

What Bitcoin Did

Play Episode Listen Later Oct 18, 2024 95:57


Alex Gladstein is the Chief Strategy Officer at the Human Rights Foundation and a leading advocate for Bitcoin's role in promoting freedom. In this episode, we discuss his work empowering activists under authoritarian regimes, the structural issues facing human rights funding, and how technology like Bitcoin are transforming the fight for liberty. We also get into the impact of peer-to-peer networks like Nostr, the evolution of Ecash, and the digital arms race between oppressive governments and freedom technologies. We cover forgotten global conflicts, the role of Western democracies, and how Bitcoin helps people survive hyperinflation and financial oppression.

We Study Billionaires - The Investor’s Podcast Network
BTC201: eCash on Bitcoin & Nostr w/ Calle from Cashu (Bitcoin Podcast)

We Study Billionaires - The Investor’s Podcast Network

Play Episode Listen Later Sep 25, 2024 75:47


Join us as Calle, the creator of Cashu Protocol, explores how Cashu enhances the Bitcoin Lightning Network by offering a privacy-focused solution for micropayments. We delve into key topics such as custodial vs. non-custodial Bitcoin solutions, Cashu's impact on network growth, and the future of Nostr integration with Bitcoin. Calle also explains how Cashu balances security with usability while aiming to promote global scalability and decentralization. IN THIS EPISODE YOU'LL LEARN: 00:00 - Intro 05:04 - What motivated the creation of Cashu and its core value to the Bitcoin Lightning Network. 08:22 - How Cashu works on a basic level and its role in simplifying micropayments. 15:11 - How Cashu enhances privacy compared to other solutions within the Lightning Network. 22:26 - The challenges Cashu faces in driving user adoption and how they might be overcome. 22:49 - The difference between custodial and non-custodial Bitcoin solutions and why this matters. 30:13 - Why micropayments are more scalable with custodial solutions due to technical limitations. 32:31 - The role of decentralization in Cashu's future, especially given the involvement of custodians. 37:11 - How Cashu integrates with the Lightning Network to facilitate secure, private transactions. 48:40 - How Nostr can be used to prevent the centralization of DNS and what this means for Bitcoin. 54:17 - Technological innovations like atomic multi-hop payments and their significance. BOOKS AND RESOURCES Calle's X (Twitter) Account. Calle's Github. Calle's Nostr. Calle's Website. Check out all the books mentioned and discussed in our podcast episodes here. Enjoy ad-free episodes when you subscribe to our Premium Feed. NEW TO THE SHOW? Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members. Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok. Check out our We Study Billionaires Starter Packs. Browse through all our episodes (complete with transcripts) here. Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: River Toyota Range Rover SimpleMining TastyTrade Daloopa American Express The Bitcoin Way Fundrise USPS Found Onramp Facet Public Shopify Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Stephan Livera Podcast
Full Reserve vs "Real Bills" with Philipp Bagus - SLP600

Stephan Livera Podcast

Play Episode Listen Later Aug 29, 2024 88:34


Philipp Bagus rejoins me to discuss his newest book, ‘Full Reserve Banking versus The Real Bills Doctrine'. This is his response to Juan Ramón Rallo, and in it we discuss:

Bitcoin Takeover Podcast
S15 E52: Ben Arc on the Future of Lightning, Bitcoin & Nostr

Bitcoin Takeover Podcast

Play Episode Listen Later Aug 29, 2024 45:58


Ben Arc is the creator of LNBits, as well as one of the founding fathers of the Nostr social media protocol. In this episode, he reflects on the state of development in Bitcoin and why he is still bullish on the Lightning Network! Time stamps: Introducing Ben (00:00:23) LNBits Contributors and Collaborators (00:01:41) Scaling Challenges of Lightning Network (00:05:01) Bidirectional Payment Channels (00:06:06) Need for Development in Lightning Network (00:07:22) Skepticism Towards Trusted Third Parties (00:09:32) Importance of Swapping Services (00:12:20) Innovating Lightning (00:17:40) ZK Rollups and Future of Bitcoin (00:18:15)
Covenants and Computer Science (00:19:49)
ZK Proofs and Mobile Wallets (00:20:21)
Drivechains (00:20:51)
Litecoin's Influence on Bitcoin (00:22:10) Centralized Mining Concerns (00:23:06)
Community Contributions and Tribalism (00:24:13)
Self-Custody Consulting (00:25:04)
Cashu and Its Implications (00:26:08) Game Theory and Custodial Solutions (00:27:08)
Mints and Trust Issues (00:29:58)
Ecash and Its Future (00:33:37)
Regulatory Environment for Cryptocurrencies (00:34:12)
Alternative Cryptocurrencies (00:35:02)
Bitcoin's Payment Technology (00:36:50)
Pursuing the Right Focus (00:38:58)
Getting Started with LNBits and Nostr (00:39:23)
Disclaimer on Personal Views (00:39:37)
Exploring LNBits (00:40:03) Ben's Current Projects (00:41:18)
Acknowledging Team Contributions (00:41:47)
Future Aspirations for Lightning Payments (00:42:00)
Thematic Nostr Clients (00:43:00)
Closing Remarks (00:43:47)
Mutual Appreciation (00:44:18)
Acknowledging Hard Work (00:45:09)


Built on Bitcoin
What is "Good" Bitcoin Design? with Erik (Lead Designer - Hoseki) and Skyler (Founder - Finite Supply)

Built on Bitcoin

Play Episode Listen Later Aug 16, 2024 60:45


Today we're talking about Bitcoin design and how to make products people love. In this conversation, Erik and Skyler discuss the concept of design and its application in the Bitcoin space. They explore the misconception that design is solely about aesthetics and highlight its utilitarian nature. They also delve into the psychology behind design and the importance of creating pleasant and intuitive user experiences. The conversation then shifts to the role of designers in the Bitcoin space and the challenges they face, such as the tendency to prioritize technology over people. They emphasize the need for designers to put the user first and iterate quickly based on user feedback. In this conversation, Jacob, Skyler, and Erik discuss the importance of user feedback and iteration in the design process. They highlight the value of creating working mock-ups in tools like Figma and gathering user feedback before investing in development. They emphasize the need for designers to be open to user insights and to constantly learn from how people interact with their designs. The conversation also touches on the challenges of building businesses in the Bitcoin space and the importance of understanding the limitations and potential use cases of the technology. They also express excitement about the potential of AI in design and the organic growth of the eCash protocol. Follow Erik on Twitter: @uxerik_ Follow Skyler on Twitter: @skyler_fs

THE Bitcoin Podcast
Lyn Alden: Freedom Technology White Pill (Bitcoin Talk on THE Bitcoin Podcast)

THE Bitcoin Podcast

Play Episode Listen Later Aug 7, 2024 104:20


“What gives me hope is that we have some degree of control of our future. That we can build things rather than just ask for things to change around us.”On this Bitcoin Talk episode of THE Bitcoin Podcast, Walker talks with Lyn Alden.They discuss open-source freedom technologies like Bitcoin, Nostr, the Lightning Network, Ecash, fedimint, and Fedi, explore the idea of a Bitcoin Strategic Reserve, why corporations should put Bitcoin on their balance sheet, what the Federal Reserve will do next, and reasons to be hopeful about the future.LYN'S LINKS:X: https://x.com/LynAldenContactNostr: https://primal.net/lynWeb: https://www.lynalden.comHow Money & Banking Work (& why they're broken): https://www.youtube.com/watch?v=jk_HWmmwiAsTHE Bitcoin Podcast Partners -- use promo code WALKER for...> bitbox.swiss/walker -- 5% off the Bitcoin-only Bitbox02 hardware wallet.> EFANI: Protect yourself from SIM swap attacks – go to https://www.efani.com/walker and it'll automatically apply the promo code WALKER getting you $99 OFF.> Cloaked Wireless: 25% OFF eSIM or physical SIM cards and protect yourself from SIM swap attacks.*****If you enjoy THE Bitcoin Podcast you can help support the show by doing the following:Subscribe to THE Bitcoin Podcast (and leave a review) on Fountain | Apple Podcasts | YouTube | Spotify | PodLink (to all platforms) | HIGHLIGHTERFollow me (Walker) on Twitter Personal (@WalkerAmerica) | Twitter Podcast (@TitcoinPodcast) | Nostr Personal (walker) | Nostr Podcast (Titcoin)

THE Bitcoin Podcast
FEDI: Open-Source Freedom Technology, Community & Trust - Obi Nwosu (Bitcoin Talk on THE Bitcoin Podcast)

THE Bitcoin Podcast

Play Episode Listen Later Aug 6, 2024 100:45


“Over the coming months, [Fedi] will eventually become fully AGPL open source, so that we don't just use the best freedom technologies. The Fedi app itself becomes a freedom technology.”On this episode of THE Bitcoin Podcast, Walker talks with Obi Nwosu, the CEO of Fedi. Today, Fedi just officially launched globally – you can head to fedi.xyz and download their app right now. Fedi is a decentralized, all-in-one freedom-tool super app that allows you to connect with your community, chat privately with friends, send money, and share information all in one place, using the best freedom technologies available: Bitcoin, the Lightning Network, the fedimint protocol, Ecash, Nostr, and Matrix.OBI & FEDI LINKSX: @obi & @fedibtcNostr: Obi & Fedi*****THE Bitcoin Podcast Partners -- use promo code WALKER for...> bitbox.swiss/walker -- 5% off the Bitcoin-only Bitbox02 hardware wallet.> EFANI: Protect yourself from SIM swap attacks – go to https://www.efani.com/walker and it'll automatically apply the promo code WALKER getting you $99 OFF.> Cloaked Wireless: 25% OFF eSIM or physical SIM cards and protect yourself from SIM swap attacks.*****If you enjoy THE Bitcoin Podcast you can help support the show by doing the following:Subscribe to THE Bitcoin Podcast (and leave a review) on Fountain | Apple Podcasts | YouTube | Spotify | PodLink (to all platforms) | HIGHLIGHTERFollow me (Walker) on Twitter Personal (@WalkerAmerica) | Twitter Podcast (@TitcoinPodcast) | Nostr Personal (walker) | Nostr Podcast (Titcoin)

BIT-BUY-BIT's podcast
Seduced by Nostr? | BITCOIN MONTHLY 38

BIT-BUY-BIT's podcast

Play Episode Play 35 sec Highlight Listen Later Jul 24, 2024 82:24 Transcription Available


WHAT'S THIS SHOW ALL ABOUT?Bitcoin monthly is a show hosted by Max, Bitcoin QnA and Antomous Brother Rabbit. We cover important updates in the world of bitcoin and open source software. It is our imperative to provide some education along the way too, so that the misfits can expand their knowledge base and become more sovereign as a result.We do this monthly to keep listeners informed without having to dedicate hours every day to keep on top of developments. We break things down in a simple and fun way and we welcome questions or topic suggestions via Podcasting 2.0 boosts.Thanks for listening you Ungovernable Misfits, we appreciate your continued support and hope you enjoy the shows.You can support this episode using your time, talent or treasure. TIME:- create fountain clips for the show- create a meetup- help boost the signal on social mediaTALENT:- create ungovernable misfit inspired art, animation or music- design or implement some software that can make the podcast better- use whatever talents you have to make a contribution to the show!TREASURE:- BOOST IT on the Podcasting 2.0 apps (https://podcastapps.com)- STREAM SATS- DONATE via Paynym @ https://paynym.is/+maxbuybit- BUY SOME CLOTHING @ https://ungovernablemisfits.com/store/OR - MONERO 83H2AcSXfJv69K7SqPkBAcTVsEXXB84ppXviMmhHydyoXJxEyfavH3qRg3X6GufTRfYW4LF233w8bPbbDfqYeJdLC8vBv1DAOBMax Lightning nodeSignal desktopP2P rights reminderNashville coming upBoostsNEWShttps://www.nobsbitcoin.com/julian-assange-to-end-12-year-us-prosecution-with-a-guilty-plea-in-exchange-for-freedom/https://www.nobsbitcoin.com/mt-gox-starts-bitcoin-repayments-after-decade-long-wait/https://www.nobsbitcoin.com/tdev-permitted-to-live-in-portugal-as-doj-vs-samourai-case-proceeds/https://www.nobsbitcoin.com/mempool-accelerator-is-now-live/https://www.nobsbitcoin.com/craig-wright-is-a-fraud-always-has-been/SOFTWARE & UPDATEShttps://www.nobsbitcoin.com/bluewallet-v6-6-8/https://www.nobsbitcoin.com/stack-duo-v1-2-0/https://www.nobsbitcoin.com/phoenix-wallet-v2-3-1-phoenixd-v0-2-0/https://www.nobsbitcoin.com/phoenix-wallet-v2-3-3-and-server-v0-3-0/https://www.nobsbitcoin.com/phoenix-android-v2-3-4/https://www.nobsbitcoin.com/satonomics-foss-on-chain-data-suite/https://www.nobsbitcoin.com/robosats-v0-6-3-alpha/https://www.nobsbitcoin.com/nunchuk-mobile-v1-9-47-desktop-1-9-35/https://www.nobsbitcoin.com/fully-noded-v1-1-1/https://www.nobsbitcoin.com/zeus-wallet-v0-8-5-and-v0-9-0-beta-released/https://www.nobsbitcoin.com/bitcoin-keeper-v1-2-10/SHOW SPONSORSFOUNDATION (https://foundationdevices.com/ungovernable) Foundation builds Bitcoin-centric tools that empower you to reclaim your digital sovereignty. As a sovereign computing company, Foundation is the antithesis of today's tech conglomerates. Returning to cypherpunk principles, they build open source technology that “can't be evil,” Thank you Foundation Devices for sponsoring the show. Use code: Ungovernable for $10 off of your purchase(00:00:00) INTRO(00:01:42) Podcasting 2.0(00:02:30) THANK YOU FOUNDATION DEVICES(00:03:53) How You Doing Mate?(00:11:51) QnA In The Music City(00:14:56) Signal Desktop Exploit(00:18:33) BOOSTS (00:34:58) Let The Clicking Begin...(00:35:11) Blue Wallet: Silent Payments & Full BIP 47 Support(00:36:32) Stack Wallet: Duo Updates(00:37:01) Big Releases from Phoenix(00:42:40) Robosats 0.6.3 Alpha(00:44:09) New Multisig Assistance from Nunchuk(00:46:16) Fully Noded Adds QR Based Signer Support(00:47:12) Zeus: The Swiss Army Knife Wallet of Lightning(00:48:33) Bitcoin Keeper Adds Desktop Companion(00:49:22) NEWS(00:49:31) Assange is Out(00:50:18) Mt. Gox is Finally Paying Out(00:50:44) Details on TDev(00:51:16) Mempool Accelerator is Live(00:52:12) Craig Wright: The Lying Little Cunt(00:53:17) MORE BOOSTS(00:54:08) QUESTIONS(00:54:16) Tradeoffs Between Node Implementations(00:59:05) Silent Payments State of Play(01:00:21) Cake Wallet and Stack Duo: Big Timers?(01:01:17) Why's Graphene Always Getting FUD'ed?(01:04:39) Advocating for BTC and XMR(01:07:55) Orbot is Shit(01:08:58) ECash? I Hope Not.(01:09:26) Octojoin Opinions(01:10:24) Best Self-Built OS BTC Node(01:13:37) Connecting to Your Node Without Waiting a Lifetime(01:14:22) Multisig Signer Storage(01:16:41) Running a Nostr Relay(01:16:59) What's Max's Problem?(01:17:15) Where TF is BlackCoffee?(01:18:03) HELOC to B-LOCK(01:21:04) I Have to Get a Haircut

Thriller Bitcoin
Stacker News Live #128: A Definitive Explanation

Thriller Bitcoin

Play Episode Listen Later Jul 13, 2024 60:15


Join Car and Keyan to discuss Stacker News' top posts of the week, Car & Keyan's favorite posts of the week, and top stackers for the week of July 12th, 2024.Follow the conversation of the episode on SN.Time Stamps:04:50 - Definitive explanation of my weird Bitcoin transaction10:32 - Bitcoin Accepted - PoS systems13:03 - Hedge against Inflation16:06 - Ecash ecosystem map30:42 - Looking back at a year of routing32:49 - MicroStrategy Announces 10-for-1 Stock Split34:20 - Not Really An Orange Pill Story, But It Feels Significant35:44 - a pleb's expectations of Bitcoin Nashville 202441:53 - Fountain Nostr Beta Testing44:45 - CASCDR Update: Word Level Transcripts API & More!45:30 - Is Joe Biden Even Making Top White House Decisions?49:34 - SN release: new referral system part 151:30 - SN release: new referral system part 2Shoutout @Wumbo for time stamps. Zap em!We love the Fountain app for Lightning 2.0 podcasting, Send us a Boost, and we will read it on the next SNL.Find Car on NostrFollow Car on SNRead Thriller BitcoinFollow Thriller on NostrFollow Thriller on Zap.StreamFollow Thriller on YouTubeContribute to ~buildersLearn more about PlebLabFollow Keyan on TwitterFollow Keyan on NostrFollow Keyan on SNFollow Stacker News on NostrLearn more about Stacker News

Bitcoin Audible
Read_831 - Lightning Alliance to Accelerate Adoption

Bitcoin Audible

Play Episode Listen Later Jul 2, 2024 49:56


"Joltz is one company that is actively building the necessary infrastructure to support this interoperability. By developing an SDK that allows wallets to integrate with swap providers easily, Joltz aims to streamline the process of connecting various sidechains with the Lightning Network. Highlighting the efficiency gains from using Lightning as a central hub."~ Bitcoin Magazine Can the Lightning Network be the key to Bitcoin's mass adoption and financial innovation? Dive into this episode as we explore the Lightning Alliance's ambitious plans, the revolutionary potential of Taproot assets, and the exciting new tools transforming the Bitcoin ecosystem. Discover how interoperability with lightning as the universal language of bitcoin and cutting-edge protocols are paving the way for a new era in decentralized finance. Check out the original article at Bitcoin Lightning Alliance to Accelerate Adoption Using New Asset Protocol (Link: https://tinyurl.com/puafvhwr) Links to check out: Chat_093 - P2P Payments for the World with Roy Sheinfeld (Link: https://tinyurl.com/mrxbk6xc) Mutiny Wallet (Link: https://www.mutinywallet.com/) Read_824 - Ecash is Self-Custodial (Link: https://tinyurl.com/4m5ahf7b) Host Links ⁠Guy on Nostr ⁠(Link: http://tinyurl.com/2xc96ney) ⁠Guy on X ⁠(Link: https://twitter.com/theguyswann) Guy on Instagram (Link: https://www.instagram.com/theguyswann) Guy on TikTok (Link: https://www.tiktok.com/@theguyswann) Guy on YouTube (Link: https://www.youtube.com/@theguyswann) ⁠Bitcoin Audible on X⁠ (Link: https://twitter.com/BitcoinAudible) The Guy Swann Network Broadcast Room on Keet (Link: https://tinyurl.com/3na6v839) Check out our awesome sponsors! Get ⁠10% off the COLDCARD⁠ with code BITCOINAUDIBLE ⁠⁠⁠⁠⁠⁠(Link: bitcoinaudible.com/coldcard⁠⁠⁠⁠⁠⁠) Swan⁠: The best way to buy, learn, and earn #Bitcoin (Link: https://swanbitcoin.com)

BIT-BUY-BIT's podcast

WHAT'S THIS SHOW ALL ABOUT?Bitcoin monthly is a show hosted by Max, Bitcoin QnA and Antomous Brother Rabbit. We cover important updates in the world of bitcoin and open source software. It is our imperative to provide some education along the way too, so that the misfits can expand their knowledge base and become more sovereign as a result.We do this monthly to keep listeners informed without having to dedicate hours every day to keep on top of developments. We break things down in a simple and fun way and we welcome questions or topic suggestions via Podcasting 2.0 boosts.Thanks for listening you Ungovernable Misfits, we appreciate your continued support and hope you enjoy the shows.You can support this episode using your time, talent or treasure. TIME:- create fountain clips for the show- create a meetup- help boost the signal on social mediaTALENT:- create ungovernable misfit inspired art, animation or music- design or implement some software that can make the podcast better- use whatever talents you have to make a contribution to the show!TREASURE:- BOOST IT on the Podcasting 2.0 apps (https://podcastapps.com)- STREAM SATS- DONATE via Paynym @ https://paynym.is/+maxbuybit- BUY SOME CLOTHING @ https://ungovernablemisfits.com/store/OR - MONERO 83H2AcSXfJv69K7SqPkBAcTVsEXXB84ppXviMmhHydyoXJxEyfavH3qRg3X6GufTRfYW4LF233w8bPbbDfqYeJdLC8vBv1DAOBQnA trip to OsloPassport 2.3.1 - https://t.me/nobullshitbitcoin/5559Envoy v1.7 - https://www.nobsbitcoin.com/envoy-v1-7-0/2x multisig videos releasedNew docs site launchedP2P rights donation - https://x.com/FOUNDATIONdvcs/status/1800166090351301057NEWShttps://www.nobsbitcoin.com/peer-to-peer-legal-defense-fund-to-defend-samourai/https://www.nobsbitcoin.com/samourai-developers-first-court-hearing/https://www.nobsbitcoin.com/eu-council-withdraws-vote-on-chat-control/SOFTWARE & UPDATEShttps://www.nobsbitcoin.com/stack-wallet-v2-0-0/https://www.nobsbitcoin.com/cake-wallet-v4-18-0/https://www.nobsbitcoin.com/cake-wallet-to-integrate-lightning-network-support/https://www.nobsbitcoin.com/bitcoin-keeper-v1-2-7/https://www.nobsbitcoin.com/btcpay-server-v1-13-2/https://www.nobsbitcoin.com/zeus-v0-9-0-alpha8/https://www.nobsbitcoin.com/peach-bitcoin-v0-5-0/https://www.nobsbitcoin.com/phoenix-wallet-android-v2-2-3-ios-v2-2-5/https://www.nobsbitcoin.com/bitkit-wallet-v1-0-0-beta-120/https://www.nobsbitcoin.com/civkit-v1-alpha-released/https://www.nobsbitcoin.com/umbrelos-v1-2/https://www.nobsbitcoin.com/bisq-v1-9-16/SHOW SPONSORSFOUNDATION (https://foundationdevices.com/ungovernable) Foundation builds Bitcoin-centric tools that empower you to reclaim your digital sovereignty. As a sovereign computing company, Foundation is the antithesis of today's tech conglomerates. Returning to cypherpunk principles, they build open source technology that “can't be evil,” Thank you Foundation Devices for sponsoring the show. Use code: Ungovernable for $10 off of your purchase(00:00:00) INTRO

Thriller Bitcoin
Stacker News Live #125: My Project Got Hacked with Austin Kelsay & Super Testnet

Thriller Bitcoin

Play Episode Listen Later Jun 23, 2024 79:13


Join Car and Keyan to discuss Stacker News' top posts of the week, Car & Keyan's favorite posts of the week, and top stackers for the week of June 21st, 2024.Follow the conversation of the episode on SN.Time Stamps:02:24 - My project got hacked and user funds were stolen29:11 - PlebDevs Beginner Backend Series32:36 - Doom is not a strategy41:19 - Bitcoin Circular Economy - a hard to achieve goal for many people46:44 - Ecash on Bitcoin Educational Resources48:17 - Long-Term Support For Calle50:02 - Ramifications Of A Samourai Plea Bargain57:14 - What are your thoughts on Bitcoin losing the Darknet59:26 - DoS Disclosure: LND Onion Bomb1:02:29 - Lugano Trip Report1:03:32 - Ideas and Implementations of Bounties1:06:06 - Ego Death Capital?1:08:12 - Some Thoughts on My Failed SN Recruitment EffortShoutout @Wumbo for time stamps. Zap em!We love the Fountain app for Lightning 2.0 podcasting, Send us a Boost, and we will read it on the next SNL.Find Car on NostrFollow Car on SNRead Thriller BitcoinFollow Thriller on NostrFollow Thriller on Zap.StreamFollow Thriller on YouTubeContribute to ~buildersLearn more about PlebLabFollow Keyan on TwitterFollow Keyan on NostrFollow Keyan on SNFollow Stacker News on NostrLearn more about Stacker News

Thriller Bitcoin
PlebDevs with Austin Kelsay

Thriller Bitcoin

Play Episode Listen Later Jun 14, 2024 85:25


Car talks with Austin Kelsay from PlebDevs and Voltage about the development of Bitcoin and Lightning Network. They delved into how PlebDevs is a vibrant online community dedicated to education and enhancing app development skills and how Voltage offers the fastest and most scalable Lightning solution. They discuss key topics such as the influence of developer influencers, the Nostr, phased app development, and the "10,000-hour rule" for mastering anything. The discussion also touches on startup life, navigating trade-offs in development, and the power of narratives in technology adoption, covering consensus mechanisms, eCash, innovative projects like Mutiny, and philosophical reflections on humanity.Topics discussed:dev-fluencerplebdevsnostrlightningapp developmentmutinyprogrammingcourse10,000-hour rulefoldbuilding in phasesstartup lifevoltagebitcoin developmentconsensusecashtradeoffsnarrativesflying carsthe screwtape lettersthe toothhumanityFollow the conversation for the ep on Stacker NewsZap Austin on NostrFollow Austin on TwitterFollow PlebDevs on NostrFollow PlebDevs on YouTubeLearn more about PlebDevsLearn more about VoltageFind Car on NostrFollow Car on SNZap Thriller on FountainThriller links:Subscribe to ThrillerSubscribe to Thriller podFollow Thriller Bitcoin on NostrFollow Thriller Bitcoin on YouTube & Zap.StreamAdvertise with Thriller

Thriller Bitcoin
Stacker News Live #123: My Opening Remarks with PlebPoet

Thriller Bitcoin

Play Episode Listen Later Jun 8, 2024 75:29


Join Car and Keyan to discuss Stacker News' top posts of the week, Car & Keyan's favorite posts of the week, and top stackers for the week of June 7th, 2024.Follow the conversation of the episode on SN.Time Stamps:00:49 - What is a plebpoet? My Opening Remarks10:08 - Ecash mints are just like the Fed's Repo Window20:44 - Announcing Super Testnet Workshops23:39 - How Bitcoin Can Play into the Minimalism Movement?32:04 - Gold confiscation in Shanghai, 194839:12 - People who bought Berkshire cheap have their trades undone.44:34 - How I spend my coins privately with Coinjoin and Lightning46:35 - How much bitcoin owned by ETFs is too much?51:19 - Ark Labs launches to develop new Bitcoin Layer 2 payments network52:51 - Tucker Carlson Interview With Bukele59:31 - BlackRock, Citadel Securities-backed TXSE Group to start Texas Stock Exchange1:06:20 - Ditching the PhoneShoutout @Wumbo for time stamps. Zap em!We love the Fountain app for Lightning 2.0 podcasting, Send us a Boost, and we will read it on the next SNL.Follow PlebPoet on SNLearn more about PlebPoetFind Car on NostrFollow Car on SNFollow Thriller on NostrFollow Thriller on TwitterFollow Thriller on YouTubeContribute to ~buildersLearn more about PlebLabFollow Keyan on TwitterFollow Keyan on NostrFollow Keyan on SNFollow Stacker News on NostrLearn more about Stacker News

Bitcoin Audible
Read_825 - Decentralization and Localized Manufacturing, Bitcoin, Ai, and 3D Printing

Bitcoin Audible

Play Episode Listen Later Jun 4, 2024 48:04


What if the future of decentralization lies not just in Bitcoin, but in the convergence of a multitude of different technologies that bring power back to the individual? How can Bitcoin, AI and 3D printing together disrupt the centralized powers of today and redefine our world in the next 30 years? Dive into this episode with an article from Emile Phaneuf on the convergence of Bitcoin, AI, and localized manufacturing, and what it means for our technological and economic future.Check out the original article at Decentralization and Localized Manufacturing: Bitcoin, AI and 3D Printing (Link: https://tinyurl.com/mr2wrbz6) Links to check out Read_813 - Mises's Regression Theorem, Bitcoin, and Subjective Value (Link:https://tinyurl.com/2bjebsw4) #008 - Ecash and Ai with Obi Nwosu (Link: https://tinyurl.com/dwekuuuu) The Sovereign Individual: Mastering the Transition to the Information Age by James Dale Davidson William Rees-Mogg (Link: https://tinyurl.com/4yx9dj3a) Guest Links Emile Phaneuf III on X ⁠(Link: https://twitter.com/EconEmile) ⁠Emile Phaneuf III Website ⁠(Link: http://tinyurl.com/2xc96ney) Host Links ⁠Guy on Nostr ⁠(Link: http://tinyurl.com/2xc96ney) ⁠Guy on X ⁠(Link: https://twitter.com/theguyswann) Guy on Instagram (Link: https://www.instagram.com/theguyswann) Guy on TikTok (Link: https://www.tiktok.com/@theguyswann) Guy on YouTube (Link: https://www.youtube.com/@theguyswann) ⁠Bitcoin Audible on X⁠ (Link: https://twitter.com/BitcoinAudible) The Guy Swann Network Broadcast Room on Keet (Link: https://tinyurl.com/3na6v839) Check out our awesome sponsors! Get ⁠10% off the COLDCARD⁠ with code BITCOINAUDIBLE ⁠⁠⁠⁠⁠⁠(Link: bitcoinaudible.com/coldcard⁠⁠⁠⁠⁠⁠) Swan⁠: The best way to buy, learn, and earn #Bitcoin (Link: https://swanbitcoin.com) “Mass production keeps the world divided between consumer and producer. Demassification of production may hasten the speed towards an era of prosumers.” - Michael Petch

Bitcoin Audible
Read_824 - Ecash is Self-Custodial

Bitcoin Audible

Play Episode Listen Later Jun 2, 2024 73:34


"Fedimint is a scalable self-custodial off-chain programmability layer on top of Bitcoin. It allows for use cases that are difficult, time-consuming, and unscalable for general users to do on-chain today. You might think I had a typo calling Fedimint a self-custodial network. Let me explain..." ~ Tony Giorgio Have we increasingly lost sight of the nuance in the market for trust that lets us dismiss an ocean of novel and highly valuable solutions to our problems? What if the goals we are aimed at with Bitcoin aren't really final conclusions, but a spectrum laid out on a never ending path? Fedimint presents a profound shift in the trust and privacy elements of being a bitcoin user, and breaks down enormous barriers to the problem of providing a service to others. Tony, one of the incredible minds behind Mutiny, brings us an article today to reframe both the problem and the solution to the many challenges of building a Bitcoin world. Check out the original article at Fedimint (Federated Ecash) is Self-Custodial — Tony Giorgio (Link: https://tonygiorgio.com/fedimint/) Links to check out Mutiny Wallet (Link: https://www.mutinywallet.com/) Ai Unchained with Obi Nwosu (Link: https://youtu.be/vdFZ9cB_2n0?si=6cfzepQhUekUiKNz) The Pear Report 01 - Return of the P2P Web (Link: https://www.youtube.com/watch?v=Qqmdbv01PEk) Fedi Bravo (Link: https://www.fedi.xyz/builders_ Holesail Pear based tunnels Reverse tunneling software (Link: https://holesail.io/) Host Links ⁠Guy on Nostr ⁠(Link: http://tinyurl.com/2xc96ney) ⁠Guy on X ⁠(Link: https://twitter.com/theguyswann) Guy on Instagram (Link: https://www.instagram.com/theguyswann) Guy on TikTok (Link: https://www.tiktok.com/@theguyswann) Guy on YouTube (Link: https://www.youtube.com/@theguyswann) ⁠Bitcoin Audible on X⁠ (Link: https://twitter.com/BitcoinAudible) The Guy Swann Network Broadcast Room on Keet (Link: https://tinyurl.com/3na6v839) Check out our awesome sponsors! Get ⁠10% off the COLDCARD⁠ with code BITCOINAUDIBLE ⁠⁠⁠⁠⁠⁠(Link: bitcoinaudible.com/coldcard⁠⁠⁠⁠⁠⁠) Swan⁠: The best way to buy, learn, and earn #Bitcoin (Link: https://swanbitcoin.com) "You cannot buy the revolution. You cannot make the revolution. You can only be the revolution. It is in your spirit or it is nowhere." ~ Ursula K. Le Guin

Bitcoin.Review
BR067 - Primal, Spectre, Boardwalk Cash, Silent Payments, ecash regulatory risks, nostr bootstrapping + MORE ft. Fiatjaf, Miljan & Odell

Bitcoin.Review

Play Episode Listen Later May 23, 2024 116:49


I'm joined by guests Fiatjaf, Miljan, & Odell to go through the list. Vulnerability Disclosures 00:02:34 Ebury 00:03:55 Zero-day in D-Link router 00:05:07 LLMjacking 00:10:43 Bluetooth as a border surveillance technology 00:31:38 Google patches Chrome vulnerability Bitcoin • Software Releases & Project Updates 00:33:28 Sparrow Wallet 00:35:11 electrs 00:35:24 Specter Desktop 00:38:54 BlueWallet 00:39:12 Blockstream 00:39:52 Robosats 00:39:59 BoltzExchange 00:40:13 Wasabi Wallet 00:44:32 Stack Wallet 00:44:40 GroupHug • Project Spotlight 00:47:13 Penlock 00:47:33 utreexod 00:47:51 Meshtastic BitcoinCore Bridge 00:48:39 silentpayments.xyz 00:49:02 blindbitd 00:49:10 Silentium 00:51:50 BlueWallet Silent Payments 00:51:53 BitEscrow Developer Playground 00:51:58 BitVMX Privacy & Other Related Bitcoin Projects • Software Releases & Project Updates 00:55:07 Unleashed.Chat 00:58:28 SimpleX • Project Spotlight 00:58:52 OpenXrypt Lightning & L2(+) • Software Releases & Project Updates 1:01:58 Mutiny 1:02:02 LDK 1:02:11 scaling-lightning 1:02:16 Phoenixd 1:02:20 Breez SDK 1:02:24 minibits-wallet 1:02:44 Bull Bitcoin bullbitcoin-mobile 1:04:01 nutstash-wallet 1:04:02 Fedimint 1:04:06 Aqua Wallet 1:04:11 LNp2p Bot • Project Spotlight 1:04:18 Cashu.Me 1:04:34 Alby releases AdBlockPlus and uBlock 1:07:36 Prism introduces Boardwalk Cash Nostr • Software Releases & Project Updates 1:20:45 Primal android-app Boosts 1:46:45 Shoutout to top boosters: @garykrause_, @vake, @dubravko, @pippellia, @marinaspin, & @righthandson Tech Tip of the Day 1:48:28 How to turn on Advanced Data Protection for iCloud Links & Contacts ⁠Website⁠: https://bitcoin.review/Podcast ⁠Substack⁠: https://substack.bitcoin.review/ ⁠Twitter⁠: https://twitter.com/bitcoinreviewhq ⁠NVK Twitter⁠: https://twitter.com/nvk ⁠Telegram⁠: https://t.me/BitcoinReviewPod ⁠Email⁠: producer@coinkite.com Nostr & LN:⚡nvk@nvk.org (not an email!) Full show notes: https://bitcoin.review/podcast/episode-67

Rabbit Hole Recap
BITAXE IN THE HOUSE | Rabbit Hole Recap #305

Rabbit Hole Recap

Play Episode Listen Later May 16, 2024 118:12


3:41 - Nashville mining event 7:42 - Bitaxe 13:00 - OpenSats shill 15:00 - MineOne 21:52 - Decentralizing hardware 29:55 - Bitaxe future plans 42:01 - How many Bitaxes make a difference 46:41 - 9 quid for 2 bloody ices 48:32 - Government attacks 59:31 - Ecash stablecoins 1:16:40 - Memes and mempools 1:19:30 - IBEX drops US 1:21:21 - Miners offering additional products 1:30:16 - Charles, lord of Blood 1:35:29 - Nostr news 1:38:42 - Silent payments 1:41:48 - Canada 1:48:09 - KYC for :hot_pepper: websites 1:50:20 - Boosts 1:50:35 - Wrap up fakeout (Paul Ryan)

Citadel Dispatch
CD133: BITWISE BITCOIN ETF WITH HONG KIM - COFOUNDER AND CTO

Citadel Dispatch

Play Episode Play 30 sec Highlight Listen Later May 15, 2024 110:38 Transcription Available


support dispatch: https://citadeldispatch.com/donate ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠EPISODE: 133BLOCK: 843588PRICE: 1540 sats per dollarTOPICS: exchange traded funds changed the paradigm, supporting open source, embracing transparencyproject website: https://bitwiseinvestments.com/crypto-funds/bitcoin new to nostr? check out https://primal.net website: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://citadeldispatch.comnostr live chat: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://citadeldispatch.com/stream⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠nostr account: ⁠https://primal.net/odell⁠youtube: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.youtube.com/@citadeldispatch⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠stream sats to the show: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.fountain.fm/(00:00:04) WBD Intro(00:02:27) Introduction to Citadel Dispatch(00:03:01) Introduction of Hong Kim, cofounder and CTO of Bitwise, and discussion on Bitcoin ETFs(00:04:28) Challenges faced during the 6-year process of working on the Bitcoin ETF(00:07:35) Discussion on the approval process and timeline of Bitcoin ETFs by the SEC(00:15:16) Reflections on the significance of having a Bitcoin ETF and the impact on the community(00:22:36) Comparison of assets under management in the Bitcoin ETF market(00:28:26) Discussion on the model of funding open source contributors through profits from the Bitcoin ETF(00:34:41) Explanation of the long-term commitment and financial implications of funding open source contributors(00:38:04) Discussion on the success of a debut and comparison to an IPO moment(00:39:10) Comparison of the ETF moment to a state change rather than a singular event(00:40:01) Challenges faced by financial advisors in including a Bitcoin ETF in portfolios(01:18:56) Bitcoin ETFs in kind redemptions(01:19:30) Importance of Self-Custody for Bitcoiners(01:21:08) Advantages of Bitcoin ETFs and In-Kind Possibility(01:30:52) Discussion on eCash and Financial Privacy(01:46:39) Progress and Urgency in Financial Privacy

bitcoinheiros
Privacidade com Cashu - Convidado Jão Noctus

bitcoinheiros

Play Episode Listen Later May 8, 2024 51:00


Cashu é um sistema de eCash livre e de código aberto para o Bitcoin. Cashu oferece privacidade quase perfeita para usuários de Bitcoin com custodiantes. Ninguém precisa saber quem é você, qual é o seu saldo e com quem você transaciona. Conversamos com o jaonoctus para entender melhor como funciona esse sistema e quais são suas vantagens e desvantagens. "Blind Signatures for Untraceable Payments" - David Chaum, 1982 https://chaum.com/wp-content/uploads/2022/01/Chaum-blind-signatures.pdf "Chaumian ecash without RSA" - David Wagner, 1996 https://cypherpunks.venona.com/date/1996/03/msg01848.html Cashu https://cashu.space/ Dr. Calle https://twitter.com/callebtc Vinteum https://vinteum.org/ Casa21 https://twitter.com/casavinteum Meetups SP Bitdevs https://www.meetup.com/pt-BR/clubebitcoinsp/events/ https://saopaulobitdevs.org/ JãoNoctus no bitcoinheiros https://www.youtube.com/playlist?list=PLgcVYwONyxmjpxzY2pxuTfOPHoxI5VUhC Gravado no bloco 838648 00:00 Introdução - Bloco 838648 00:49 Casa21: Espaço para desenvolvedores de Bitcoin em São Paulo 02:30 Workshops semanais na Casa21 para desenvolvedores interessados em Bitcoin 03:31 Cashu: ecash rodando em cima da Lightning? 06:16 O que é uma custódia clássica, seus problemas e como Cashu resolve? 12:07 Assinaturas Cegas: O funcionamento do Cashu e as diferentes assinaturas para cada quantidade de tokens 18:11 Quem é o público alvo do Cashu e em quais situações é útil utilizar? 20:17 O que acontece se eu não confiar no mint? 21:57 Teste do Cashu: Criação, adição e envio de satoshis para um mint 25:10 Teste do Cashu: Contrato entre dois usuários e um mint 29:07 Teste do Cashu: Troca de um mint para outro de confiança 32:51 De quem é o interesse em ter mints? 34:09 Os benefícios do Cashu: A volta de uma economia circular e comunitária? 36:02 Cashu pode ser usado na criação de stablecoin atrelado ao dólar e com reserva em bitcoin? 37:27 Cashu resolve o problema da custódia ou apenas da privacidade? 39:55 Qual é a diferença do Cashu para o Fedimint? 43:35 Cashu é uma solução de escalabilidade por causa do mint? 46:35 Cashu diminui o custo de transação e pode ser usado em um cenário de satoshis cada vez mais caros para transacionar 48:10 Cashu será mais um experimento ou tem potência de escalar e ser usado por milhões de pessoas? 49:34 Links das ferramentas e da Vinteum na descrição do vídeo! ________________ APOIE O CANAL https://bitcoinheiros.com/apoie/ ⚡ln@pay.bitcoinheiros.com Para agendar uma CONSULTA PRIVADA com o Dov: https://consultorio.bitcoinheiros.com/ Escute no Fountain Podcasts (https://fountain.fm/join-fountain) para receber e enviar satoshinhos no modelo Value4Value SIGA OS BITCOINHEIROS: Site: https://www.bitcoinheiros.com Twitter: https://www.twitter.com/bitcoinheiros Allan - https://www.twitter.com/allanraicher Dov - https://twitter.com/bitdov Becas - https://twitter.com/bksbk6 Ivan - https://twitter.com/bitofsilence Instagram: https://www.instagram.com/bitcoinheiros Facebook: https://www.fb.com/bitcoinheiros Podcast: https://anchor.fm/bitcoinheiros Medium: https://medium.com/@bitcoinheiros COMO GUARDAR SEUS BITCOINS? Bitcoinheiros recomendam o uso de carteiras Multisig com Hardware Wallets de diferentes fabricantes ou próprias. Para ver as carteiras de hardware que recomendamos, acesse https://www.bitcoinheiros.com/carteiras Veja os descontos e clique nos links de afiliados para ajudar o canal Por exemplo, para a COLDCARD - https://store.coinkite.com/promo/bitcoinheiros Com o código "bitcoinheiros" você ganha 5% de desconto na ColdCard Playlist "Canivete Suíço Bitcoinheiro" https://www.youtube.com/playlist?list=PLgcVYwONyxmg-KH5bwzMU4sdyMbVMPqwb Playlist "Carteiras Multisig de Bitcoin" https://www.youtube.com/playlist?list=PLgcVYwONyxmi74PiIUSnGieNIPqmtmdjW ISENÇÃO DE RESPONSABILIDADE: Não nos responsabilizamos por qualquer decisão de investimento que você tomar ou ação que você executar inspirada em nossos vídeos. --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinheiros/message

What Bitcoin Did
A CheatCode for Payments with Natalie Brunell, Ben Arc, Calle, & Obi Nwosu - WBD802

What Bitcoin Did

Play Episode Listen Later Apr 20, 2024 46:18


In this episode, we have a panel from the recent CheatCode conference. This panel was titled A CheatCode for Payments, and was hosted by Natalie Brunell, with Calle (Cashu), Obi Nwosu (Fedi) & Ben Arc (LNBits). They discussed the past & present of Ecash, the power of lightning and the future of payments.  – Show notes: https://www.whatbitcoindid.com/podcast/a-cheatcode-for-payments This episode's sponsors: IREN - Bitcoin Mining. Done Sustainably. Swan Bitcoin - Invest in Bitcoin with Swan Ledger - State of the art Bitcoin hardware wallet Bitcasino - The Future of Gaming is here Casa - Take control of your digital wealth

What Bitcoin Did
A CheatCode for Payments with Natalie Brunell, Ben Arc, Calle, & Obi Nwosu

What Bitcoin Did

Play Episode Listen Later Apr 20, 2024 46:17


“Right now, Lightning is not able to support billions of users around the world…when you add the 3 technologies together: Bitcoin, Lighting, and ecash, you have a solution that can give you incredible levels of privacy and scale to billions of users.”— Obi NwosuIn this episode, we have a panel from the recent CheatCode conference. This panel was titled A CheatCode for Payments, and was hosted by Natalie Brunell, with Calle (Cashu), Obi Nwosu (Fedi) & Ben Arc (LNBits). They discussed the past & present of Ecash, the power of lightning and the future of payments.- - - - This episode's sponsors:IREN - Bitcoin Mining. Done Sustainably Swan Bitcoin - Invest in Bitcoin with SwanBitcasino - The Future of Gaming is hereLedger - State of the art Bitcoin hardware walletCasa - Take control of your digital wealth-----WBD802 - Show Notes-----If you enjoy The What Bitcoin Did Podcast you can help support the show by doing the following:Become a Patron and get access to shows early or help contributeMake a tip:Bitcoin: 3FiC6w7eb3dkcaNHMAnj39ANTAkv8Ufi2SQR Codes: BitcoinIf you do send a tip then please email me so that I can say thank youSubscribe on iTunes | Spotify | Stitcher | SoundCloud | YouTube | Deezer | TuneIn | RSS FeedLeave a review on iTunesShare the show and episodes with your friends and familySubscribe to the newsletter on my websiteFollow me on Twitter Personal | Twitter Podcast | Instagram | Medium | YouTubeIf you are interested in sponsoring the show, you can read more about that here or please feel free to drop me an email to discuss options.

Bitcoin Takeover Podcast
S15 E28: Deadalnix (Amoury Séchet) on Forking Bitcoin, Big Blocks & Scaling

Bitcoin Takeover Podcast

Play Episode Listen Later Apr 5, 2024 163:06


Amaury Séchet is the developer who forked Bitcoin to create Bitcoin Cash in August 2017. A year later, he became one of the first people to find out about the inflation bug in Bitcoin – yet he chose to not exploit it and collaborate with the Bitcoin Core devs instead. Deadalnix was also one of the first large blockers to figure out that Craig Wright is not Satoshi. On the other hand, he appears to be a fan of dev taxes. Why did he not destroy Bitcoin? Why do large blockers keep on creating forks? How was Craig Wright exposed among the big blocker circles? In this episode, we learn more about this lesser known part of Bitcoin history.

The Bitcoin Cash Podcast
#110: Chaumian eCash & COPA Verdict feat. moonsettler

The Bitcoin Cash Podcast

Play Episode Listen Later Mar 25, 2024 185:52


In Moonsettler's second landing on the show, we spend first half with a deep dive on Chaumian eCash (NOT XEC!), ZK rollups on BTC, with second half switching to collapse of BSV post COPA verdict, latest Blockstream propaganda, and other topics.Moonsettler is a BTC developer and a self-described “stubborn self-sovereign money maximalist and aspiring cypherpunk”.Enjoy the discussion!Links:Moonsettler on Twitter: https://twitter.com/4moonsettlerHis previous appearance on the podcast: https://www.youtube.com/watch?v=n-mgxFmC_g0Presentation slides of this episode: https://docs.google.com/presentation/d/1HVscrdL9wgmk4iV35dldZu05J4q9eWM8/edit#slide=id.g1001e085589_0_4Donations:bitcoincash:qzgt2lnv7h9u70k7xvc8shy343zfc4grjudv6jlusaSponsors:Thank you very much to our flipstarter contributors: https://flipstarter.bitcoincashpodcast.com/enGeneral Protocols: https://generalprotocols.com and https://bchbull.comSocials:Website: https://www.bitcoincashpodcast.comTimestamps:00:00 Podcast starts00:38 Intro01:18 Moonsettler's intro07:15 Uneuphoric fail on BTC ATHs19:01 Chaumian eCash47:02 Its value proposition1:03:14 Is Moonsettler bullish on it being a scaling solution?1:18:25 Is it an alternative to LN? Can it handle billions of users?1:29:19 ZK Rollups and BitVM1:38:20 Fraudtoshi1:41:48 Calvin flees the scene1:58:04 Ryan X. Charles: "Craig Wright is a scammer"2:05:42 Community comment of the week2:14:32 Nexa2:24:36 Bitcoin community consolidating?2:27:30 BTC ossifiers2:33:17 “Ministry Of Truth” broadcast2:48:43 Samson's prediction and Blockstream psyops2:58:36 Moonsettler's message to the community3:00:42 Podcast supporter appreciation3:01:37 Shoutouts and outro

The Payments Show Podcast
Cash in the Cloud: Paysafe's Secure E-Money Services

The Payments Show Podcast

Play Episode Listen Later Mar 24, 2024 30:43


In episode 88 of The Payments Show Podcast, I spoke to Megan Oxman who is SVP of Product and Experience at Paysafe.  Paysafe offers capabilities in payment processing, digital wallets, and online cash solutions.VIDEO and PDF Transcript: - click here https://thepaymentsshow.substack.com/p/88 Summary of topics discussed:(00:29) - Start(00:56) - Paysafe Overview(01:57) - Stats: The Importance of Offering Diverse Payment Options(03:04) - Exploring PaySafe's Digital Wallets and eCash Solutions(04:56) - The Global Reach of PaySafe's Payment Methods(05:33) - Enhancing Sales Conversion with Diverse Payment Systems(07:24) - Merchant Engagement and Solutions with PaySafe(09:08) - The Evolution of PaySafe's Offerings and Customer Focus(11:23) - Innovations in PaySafe's Product Line(12:58) - The Impact of User Experience (UX) on Payment Solutions(14:20) - The Role of UX Design in Payment Platforms(15:30) - Addressing Fraud and Security in Payment Solutions(18:59) - Understanding PaySafe's Brand Ecosystem(19:51) - The Advantages of PaySafe's Digital Wallet for Merchants(26:07) - Future Predictions and Trends in the Payment Space(26:29) - Frictionless, Intuitive Journeys(27:13) - Consumers Trusting Fewer Providers(27:42) - Growth of Cash(30:26) - CloseDetails:- Recorded on 18 Mar 2024- Host: Satwant Phull- Guest: Megan Oxman, SVP of Product and Experience, Paysafe[Next Steps]- Get in touch with Satwant: digitalmoneylab.com - Paysafe: paysafe.com | @Paysafe

Citadel Dispatch

support dispatch: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://citadeldispatch.com/donate⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠EPISODE: 120BLOCK: 835247PRICE: 1485 sats per dollar TOPICS: history of ecash, future of ecash, better bitcoin custodians, potential for ecash in corporate infrastructure, lightning network as an interoperable payment protocol, soft forks, scaling solutions, vc conspiraciescalle github: https://github.com/callebtc calle nostr: https://primal.net/calle new to nostr? try ⁠https://primal.net⁠nostr live chat: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://citadeldispatch.com/stream⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠nostr account: ⁠https://primal.net/odell⁠youtube: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.youtube.com/@citadeldispatch⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠podcast: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.podpage.com/citadeldispatch⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠stream sats to the show: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.fountain.fm/(00:00:20) Intro Fox Business Clip(00:05:29) Introduction of Chaumian eCash(00:51:02) Benefits of Lightning Network for eCash(00:52:07) Interoperability and multiple balances on multiple mints(00:53:44) Multipath payments and partial lightning payments(01:37:46) Permission and trust(01:38:11) ETFs and scaling solutions(01:38:58) Layers and scams

THE Bitcoin Podcast
DEEZ eNUTS: Everything You Need to Know About Ecash - Calle (Bitcoin Talk on THE Bitcoin Podcast)

THE Bitcoin Podcast

Play Episode Listen Later Feb 26, 2024 101:59


On this Bitcoin Talk episode of THE Bitcoin Podcast, Walker talks with Calle, an open-source developer currently building Cashu, an open-source Ecash protocol for Bitcoin*****Go to bitbox.swiss/walker and use promo code WALKER for 5% off the Bitbox02 Bitcoin-only hardware wallet.*****CALLE & ECASH LINKS:Calle on Nostr: https://primal.net/calleCalle on X: https://twitter.com/callebtcCashu: https://cashu.spaceCashu wallets: https://docs.cashu.space/walletsDONATE TO CASHU DEVELOPMENT: https://docs.cashu.space/contribute*****eNuts (developed by Agron): https://www.enuts.cash/Agron on Nostr: https://primal.net/p/npub1pp355axf69z8ndrz8zdnqa54s90e5xy737mwqk9e9cvt606nwszsdx8nu7Agron on X: https://twitter.com/kadrigron*****npub.cash (devloped by Egge): https://npub.cashEgge on Nostr: https://primal.net/p/npub1mhcr4j594hsrnen594d7700n2t03n8gdx83zhxzculk6sh9nhwlq7uc226Egge on X: https://twitter.com/Egge21M*****WALKER'S LINKS:NOSTR: https://primal.net/walkerX/TWITTER:https://twitter.com/walkeramericahttps://twitter.com/titcoinpodcastWATCH ON YOUTUBE or RUMBLE

Thriller Bitcoin
Stacker News Live #107: Found Out My Wife Has Cancer

Thriller Bitcoin

Play Episode Listen Later Feb 17, 2024 45:48


Join Car and Keyan to discuss Stacker News' top posts of the week, Car & Keyan's favorite posts of the week, and top stackers for the week of Feb 16th, 2024.Time Stamps:05:49 - Found out my wife has cancer. Been holding it together all day.08:50 - Value for Value News Journalism Discussion Using Entirely Bitcoin12:14 - Dual-funding BOLT Merged!16:51 - Ecash is just digital fiat. Change my mind29:01 - Human Readable Bitcoin Payment Instructions31:52 - SN release: NWC & LNBits for sending, LND for autowithdraw, NSFW labels, & more36:23 - Top Builder Competition Enters Round 2 - My Framer SiteShoutout @Wumbo for time stamps. Zap em!We love the Fountain app for Lightning 2.0 podcastingSend us a Boost, and we will read it on the next SNLFind Car on NostrFollow Car on SNFollow Thriller on NostrFollow Thriller on TwitterFollow Thriller on YouTubeContribute to ~buildersLearn more about PlebLabFollow Keyan on TwitterFollow Keyan on NostrFollow Keyan on SNFollow Stacker News on NostrLearn more about Stacker News

Couchonomics with Arjun
EP 69: Better Than Money: David Chaum On Architecting The Financial System Of The Future

Couchonomics with Arjun

Play Episode Listen Later Dec 20, 2023 67:35


In the season finale of Couchonomics S02, Arjun was joined by David Chaum, inventor of electronic money and privacy technology. As Arjun puts it, David is a “living legend” and one of the most influential architects of our present-day financial systems.David's work in cryptography and every other he has touched has had a massive impact across the world. So far, his achievements and impact have been covered predominantly in Western Media, so we're truly excited to bring this conversation to our mostly MENA-based audience.David is currently leading xx network, a completely private, quantum-secure decentralized messaging and payment platform. He is also known for other fundamental innovations in cryptography, including privacy technologies such as mix nets and secure voting systems. With a PhD in Computer Science from UC Berkeley, he has taught at NYU Graduate School of Business and the University of California. David is the founder of the International Association for Cryptologic Research, the Cryptography Group at the Center for Mathematics and Computer Science in Amsterdam, and DigiCash. Among his breakthrough projects are digital blind signatures, multiparty computation, and random sample voting.In the episode, Arjun and David discussed: Why David invented eCash, and how his work pioneered the way for cryptocurrency to be developed in its present formDavid's involvement in exposing cryptographic weaknesses in payment systemsHis latest work: “Better Than Money”, inspired by the shortfallings of the current financial systemHow “Better Than Money” could address global financial inequityBarriers to financial improvement, and how blockchain-driven solutions could benefit the unbankedThe role of both commercial and central banks in the evolving financial landscapeHow “Better Than Money” could coexist with CBDCs and stablecoinsThe potential of “Better Than Money” to address inefficiencies in cross-border payments To learn more about “Better Than Money” and David's ongoing work, visit his website: https://chaum.com/Our website

Congressional Dish
CD283: A Federal Reserve Digital Dollar (CBDC)

Congressional Dish

Play Episode Listen Later Oct 23, 2023 73:56


The House Financial Services Committee has been investigating the possibility of the Federal Reserve creating a Central Bank Digital Currency. In this episode, hear experts unpack the nuances and implications of this idea during three hearings, and discover how you can play a part in shaping the future of American currency. Please Support Congressional Dish – Quick Links Contribute monthly or a lump sum via Support Congressional Dish via (donations per episode) Send Zelle payments to: Donation@congressionaldish.com Send Venmo payments to: @Jennifer-Briney Send Cash App payments to: $CongressionalDish or Donation@congressionaldish.com Use your bank's online bill pay function to mail contributions to: Please make checks payable to Congressional Dish Thank you for supporting truly independent media! Background Sources Recommended Congressional Dish Episodes Operation Choke Point Frank Keating. November 7, 2018. The Hill. House Committee on Oversight and Government Reform Staff. May 29, 2014. U.S. House of Representatives. Digital Asset Glass-Steagall James Rickards. August 27, 2012. U.S. News & World Report. Audio Sources September 14, 2023 Committee on Financial Services, Subcommittee on Digital Assets, Financial Technology and Inclusion Witnesses: Yuval Rooz, Co-Founder and Chief Executive Officer, Digital Asset Paige Paridon, Senior Vice President and Senior Associate General Counsel, Bank Policy Institute Christina Parajon Skinner, Assistant Professor, The Wharton School of the University of Pennsylvania Dr. Norbert Michel, Vice President and Director, Center for Monetary and Financial Alternatives, Cato Institute Raúl Carrillo, Academic Fellow, Lecturer in Law, Columbia Law School Clips 27:35 Rep. French Hill (R-AK): Look, the Constitution is clear. Only Congress has the authority to coin money and regulate the value of such money. And we've heard the same from Fed officials, right before this committee, and most recently from Vice Chair for Supervision, Michael Barr, who last week told an audience in Philadelphia and I quote, "The Federal Reserve would only proceed with the issuance of a CBDC with clear support from the executive branch and authorizing legislation from Congress." The Biden Department of Justice agrees, saying, quote, "there would be substantial legal risks to issuing a CBDC without such legislation." 32:05 Rep. Stephen Lynch (D-MA): CBDC is just one type of publicly issued digital dollar and would be issued, backed, and regulated by the Federal Reserve and have the full faith and backing of the US government. This could serve as an alternative to existing forms of payments and have a benefit, including instant payment settlement, provide a medium for cross border transactions, and foster greater financial inclusion. More than 130 countries have begun to explore their own government backed digital currencies. China, Russia, Saudi Arabia and India have already commenced pilot programs, and a digital Euro pilot could be launched as early as 2028. Meanwhile, the US remains far behind amid increasing and blatant information about features of digital currency. While concerns about data privacy and government surveillance are real, especially in countries that do not respect human rights and privacy, a CBDC does not have to be designed that way. We could employ an architecture that would protect personal data while including anti-money laundering and terrorist financing features. 33:15 Rep. Stephen Lynch (D-MA): It is counterintuitive that my colleagues should be raising concerns about data privacy while thousands of private companies, domestic and foreign, are surveilling, aggregating, and selling consumer data each and every day. 33:45 Rep. Stephen Lynch (D-MA): I'm announcing and inviting my colleagues to join the Congressional Digital Dollar Caucus. This forum will educate members on critical issues relating to the development, design, and potential implementation of a government issued digital dollar. I plan to invite innovators, technologists, academics, and other experts to share their findings and development. I hope my colleagues will join me in this exploration. 34:15 Rep. Stephen Lynch (D-MA): The use of anonymous cash has plummeted and more of our transactions are occurring online and under surveillance, tracked and aggregated by financial services companies. Indeed China has turned that fact into a tool of full spectrum surveillance of its citizens. This is why I've introduced the Ecash Act. This bill directs the Treasury to design and pilot a digital version of cash and would complement the Fed-issued CBDC. It would allow individuals to make instant peer to peer payments with no consumer data or transaction tracking and without the use of a bank account. 36:10 Rep. Tom Emmer (R-MN): The need to protect Americans' right to financial product privacy is at an all time high. That's why I introduced the CBDC Anti-Surveillance State Act with over 50 of my colleagues. This bill prevents unelected bureaucrats from creating a tool for financial surveillance if not open, permissionless, and private, like cash, a CBDC is nothing more than a CCP-style surveillance tool that will oppress the American way of life and we're not going to allow that to happen. 38:20 Dr. Norbert Michel: In my testimony, I argue that the United States should not launch a Central Bank Digital Currency, a CBDC. Advocates for a CBDC tout many potential benefits, but there's nothing unique about the technology that would provide those supposed benefits. 39:00 Dr. Norbert Michel: A CBDC in any form would be a direct liability of the central government, a digital tether to its citizens such that it would radically alter the existing public-private relationship that already exists in our monetary arrangement. 39:25 Dr. Norbert Michel: First, issuing a CBDC would not help preserve the status of the United States dollar, it would likely damage it. Proponents argue that because China has launched a CBDC, the United States must keep up by launching its own. Others make the narrower claim that the US must launch a CBDC to keep up with broader technological changes in the payment sector. But anyone who chooses to do so can transact digitally in U.S. dollars right now. The CBDC does not take us from a world with zero or a few digital transactions to one filled with digital transactions. Moreover, the dollar's renowned status is owed to the strength of the American economy and its legal protections for private citizens relative to many other countries. Unlike in many other places, Americans do not have to live in constant fear that the government will take their money. However, if the US creates a CBDC, anyone who wants to use the dollar would lose a layer of protection from that type of government abuse. 40:30 Dr. Norbert Michel: The second myth is that a CBDC would expand financial inclusion by providing a new source of financial services for America's unbanked and underbanked populations. Again, though, this is not a technological problem. In other words, the CBDC itself does not accomplish this goal. The private sector already enables us to transact digitally, and it has been steadily shrinking the number of Americans without financial services for years. We also know, because the FDIC asked them, that unbanked and underbanked Americans primarily are in that situation because either they don't have enough money to have an account, or they don't want to give their personal information to a bank or the government. And what should be obvious is that a lack of sufficient income is a much broader economic problem than a CBDC or financial service technology. While some proponents argue that a CBDC lowers the cost of providing financial services, that's true only if the government subsidizes those costs or chooses to waive the same level of regulatory scrutiny it requires of private firms. And that level of scrutiny, it turns out is more than just a costly mandate that the government has placed on private firms. It's also the one that causes those unbanked Americans to say they don't trust banks. It's also the same one that requires people to hand over their personal information to private companies, and as a result potentially to the government. If the government removes that mandate for all financial service providers, there would be no cost advantage to a CBDC. 42:05 Dr. Norbert Michel: That brings me to my last myth, the idea that a CBDC could somehow enhance financial privacy. Currently, Americans are forced to hand over personal information to financial institutions. Those institutions are required to track transactions, and the government can access that information without a warrant. The fourth amendment is supposed to protect Americans from the government gaining access to this kind of information, unless they show probable cause and obtain a warrant. But it no longer protects Americans when it comes to financial information. And the only buffer left is that the government must go through the financial institution to obtain that information. Introducing a CBDC would remove this last layer of protection. It would place all financial transactions either in a government database or leave them a keystroke away. 44:15 Paige Paridon: We believe that at this point there is little evidence that a CBDC would bring measurable benefits to the US economy or consumers. Furthermore, a CBDC could upend the commercial banking system and create financial instability. 44:30 Paige Paridon: CBDC can take one of two general forms: a wholesale CBDC, which would be used only by financial intermediaries, and a retail CBDC, which could be used by consumers and businesses. To date, most research and attention has been focused on a retail, intermediated, account-based model in which consumer's CBDCs would be held in an account at a bank or another financial intermediary, like an asset held in custody. The CBDC could not be used by the bank to make loans in the way that dollar deposits are used today. Any transfer of $1 deposit from a bank to a CBDC is $1 unavailable for lending to businesses or consumers. By attracting deposits away from banks, a CBDC likely would undermine the commercial banking system in the United States and severely constrict the availability and increase the cost of credit to the economy. 46:30 Paige Paridon: With respect to financial inclusion, a review of the reasons why certain individuals are unbanked makes it clear that a CBDC would be unlikely to meaningfully increase financial inclusion. For example, FDIC data reveals that many respondents are unbanked because of privacy concerns, and intermediated CBDC is unlikely to mitigate those concerns, given that it would presumably come with the same know-your-customer requirements that currently apply to banks. 54:35 Christina Parajon Skinner: So privacy rights are the clearest place to start. Today, individuals can enjoy comprehensive privacy in their payments transactions by using cash. Now, although most central banks have suggested that CBDC is not going to replace cash, that near-term promise can't be guaranteed over the longer term, and the insinuation that CBDC is necessary or inevitable seems motivated by a view that cash will eventually become obsolete. But because central banks don't have the technology presently to offer cash-like privacy, a digital currency -- unless it's radically redesigned -- will bring with it the ability for the state to monitor or surveil its citizens' payments activity. 55:20 Christina Parajon Skinner: I'd like to focus on the impact of a CBDC on the Federal Reserve. Certainly since 2010, the power and authority of the Fed has grown considerably, and Congress's responsibility to oversee the Fed requires it to understand how a CBDC could further empower the central bank but also how it might weaken it. On the one hand, CBDC could result in a larger central bank balance sheet. Issuing CBDC would increase the liability side of the Fed's balance sheet if the total of bank reserves, repos, and cash balances largely remained unchanged. So if the liabilities with CBDC increase, so too much the Fed's assets. The Fed could buy more Treasury securities to match CBDC, but that could possibly invite pressure on the Fed to issue more CBDCs to in turn absorb more government debt. And overall, that dynamic could further erode the limited fiscal discipline that we have remaining. A CBDC could also affect the Fed's independence in the way that it would establish a direct relationship between the central bank and the real economy for the first time in history. One result of that relationship would almost certainly be the further erosion of the line between monetary and fiscal policy. When central banks begin to issue liabilities directly to the people, it will become much more difficult for the central bank to justify their provision of liquidity to banks and the financial system, as opposed to households, especially during a crisis. And effectively this could open the door to political pressure on the Fed to provide liquidity assistance to households during turbulent economic times. But these sorts of household level interventions would radically transform the central bank and its purpose and role within society. 57:40 Christina Parajon Skinner: So it does not inherently improve financial inclusion unless it's paired with accounts for all citizens, which the central bank itself has already recognized as infeasible. 59:15 Raúl Carrillo: Today, I support the call for a digital dollar system, including CBDC, Fed accounts, and Ecash. 1:02:15 Raúl Carrillo: Indeed, the only way to evolve beyond the surveillance status quo is to establish a direct digital dollar interface with consumers where the Fourth Amendment and other protections may actually apply. If we truly care about privacy, we should treat the banking and blockchain industries' appeals to partnership as suspect, based on legal and technological grounds alone. We can build a retail CBDC and Fed account system with superior protections compared to what exists now and superior protections to the systems that are being built around the world currently. 1:02:50 Raúl Carrillo: So today I also advocate for the inclusion of digital cash, as detailed in the Electronic Cash and Hardware Security and Secured Hardware Act, the Ecash Act, re-introduced by Representative Lynch. Today, Ecash devices available on a smart card or a phone card would serve as digital counterparts to cold hard American cash. These devices would not make payments over the internet. Instead, they would store Treasury issued digital dollars on card hardware to enable everyday small dollar transactions for everyday people. These transactions would be subject to the BSA/AML regime, and as a boon to law enforcement, we can set privacy-sensitive security controls and caps on transactions and usage. However, the cards would in no instance be capable of generating data that companies and agencies can abuse. We preserve a place for privacy within public infrastructure. The Ecash Act harkens back to the past to the days when President Lincoln established the banking and cash system that we still use today. And it also harkens to an exciting, inclusive, safe digital future. 1:08:05 Paige Paridon: CBDC, because it would be a direct liability of the central bank, it would be perceived as the ultimate safe asset. So from that perspective, particularly during times of economic stress, it could attract depositors to pull their money out of the banking system to flee or run to a CBDC if there was perceived concern about the banking system or the financial system overall. So every dollar that currently resides in a bank account can be deployed for useful purposes in the economy, primarily through lending. Every dollar that is pulled out from the banking system and put into a CBDC is one less dollar that could be put to good economic use. And that is why we have a fundamental concern with a retail CBDC, given the flight-to-quality risks. 1:09:35 Rep. Maxine Waters (D-CA): 130 countries, representing 98% of the global economy, are now exploring digital versions of their currencies, including the United States. Almost half of these countries are in advanced development pilot or launch stages of their CBDCs. Can you discuss how CBDCs may shape the future global financial landscape? What would it mean for the United States if we instead chose to stay on the sidelines of this race? Raúl Carrillo: Thank you very much for the question, Representative Waters. My opinion is that it is incumbent upon the United States to provide leadership with respect to an inevitable process that is going to occur across the world. It is clear that we're all moving to digital fiat currency. The question is what sort of protections are going to attend digital fiat currency? 1:12:35 Raúl Carrillo: I hear a lot of concern across the political spectrum in this committee about the power of Silicon Valley. And if you do not create an alternative to the corporate systems that collect data, or promise to protect it and then collect it en mass, which is even worse and common in the blockchain industry, then what is going to happen is that Silicon Valley is going to win. And frankly, I don't think anybody here wants that. But in order to preserve the space that we have for public money and not make it a big tech enterprise, we, in fact, have to move forward with digital fiat currency. 1:13:50 Rep. Warren Davidson (R-OH): One of the key characteristics of sound money is that it facilitates permissionless, peer-to-peer transactions like cash. Currently, of the 100+ countries developing a central bank digital currency, none of them are developing a permissionless system. Every one of them is developing a permission system, including the United States Federal Reserve. So when we talk about permissions, we can kind of get something from the Federal Reserve's own report of that. They said in their report that it should be privacy-protected, intermediated, widely transferable, and identity-verified. Mr. Michel, Professor Skinner, in your view, is it possible to be both privacy-protected and identity-verified? Dr. Norbert Michel: No, in my view, it's not. Once the information is in a system, it's in a system and somebody is going to get it and it's going to get out. And I just quickly really want to say I'm very happy to hear everybody here on the panel is pro-Fourth Amendment. The problem, of course, as you know, is that the Bank Secrecy Act, and the anti money laundering regime runs right over the Fourth Amendment. So that's what needs to be fixed. Rep. Warren Davidson (R-OH): It's already a problem in third party hands, but this wouldn't even be in third party hands. But, you know, Professor Skinner, what's your view? Christina Parajon Skinner: My view is no, that that's not possible right now, and central banks have essentially admitted as much. And to the extent such technology is or could be under development, it's extremely immature. And I think the point to emphasize here is that inherently there will be a tradeoff to the extent central banks create CBDC, between identity verification and privacy. And more than likely central banks will always choose identity verification because they will never feel comfortable sacrificing the national security goals that they see as accompanying robust identity verification. 1:24:35 Rep. John Rose (R-TN): Decisions in United States v. Miller and Maryland v. Smith gave us the third party doctrine. Under that doctrine. if you voluntarily provide information to a third party, the Fourth Amendment does not preclude the government from accessing it without a warrant. Dr. Michelle, can you explain how the third party doctrine has impacted Americans' financial privacy? Dr. Norbert Michel: Yes, they practically have none at the moment partly because of this. But I also want to clarify, because of something that was just said on the panel. The Fourth Amendment is the one that amends the Constitution to the United States, which protects American citizens from the government. So this is exactly the issue and it was brought up in the cases in the 70s, when the Bank Secrecy Act was challenged. If the Bank Secrecy Act were not there, the banks and financial institutions that we have would not be required by the government to collect the data that they are, that is a requirement in the Bank Secrecy Act. And everybody can go back and look at those cases, that was always an issue as to whether this was constitutional and in violation of possibly the Fourth Amendment. So between the combination of the Bank Secrecy Act, the Fourth Amendment issues, and the third party doctrine, Americans, although many of them don't realize it, have very little financial privacy at the moment. 1:26:05 Rep. John Rose (R-TN): How would the adoption of a CBDC further erode Americans' reasonable expectation of financial privacy? Dr. Norbert Michel: I believe it would remove the last layer that we have, quite simply, instead of having to go through the financial institution, the government would have that information either in a central database or a keystroke away. 1:31:05 Raúl Carrillo: We envision hardware devices. So those can be cards, similar in size to an existing debit or credit card, or they can be secured SIM cards, or something like it, on a phone that would enable hardware based transactions and for people to make payments as they do today with paper cash for everyday things without fear of government or corporate surveillance, which occurs in tandem when we use digital payments today. 1:32:20 Raúl Carrillo: I would clarify that the point of Ecash is that it does not operate online. It is actually open, permissionless, and private, in the sense that you don't need a blockchain or a banking intermediary. 1:35:45 Rep. Bryan Steil (R-WI): In your testimony you wrote, "any transfer of $1 deposit from a commercial bank or credit union to a CBDC is $1 unavailable for lending to businesses or consumers." Can you expand a little bit on that statement about how an adoption of an intermediated CBDC would impact credit availability and the cost of banking services? Paige Paridon: Sure. Happy to, thank you. So I think there's a misconception generally, that $1 transferred from a deposit account to a CBDC would mean that CBDC would still be able to be used for lending and investment in the economy the way that dollar deposits currently are now. And that is not the case of CBDC, even if intermediated. In other words, even if the services including onboarding and other services that commercial banks currently provide, even if those services were provided by banks with respect to a consumer's CBDC, the fact is the bank would really only hold that CBDC in the same manner it holds an asset in custody. So it would have to essentially keep that CBDC under the proverbial mattress and it would not be able to be redeployed in the form of loans. 1:41:20 Paige Paridon: If it was an intermediated CBDC, banks would essentially hold CBDC as a custodian. That's right, they wouldn't be able to lend out some portion of the CBDC as they do deposits. 1:42:10 Rep. Sean Casten (D-IL): If you had 100%, CBDCs was all the money supply, you'd have no lending, right? So doesn't any proportional increase in the amount of a CBDC in an economy shrink the economy? Paige Paridon: Well, there could be shifts to other forms of ways to fund lending. Banks could borrow in the wholesale markets, they could potentially borrow from the Federal Reserve. So I'm not necessarily sure it's a one-to-one relationship. 1:46:25 Rep. Mike Flood (R-NE): Ms. Skinner, in your testimony, you mentioned how a CBDC could lead to the Federal Reserve's independence being threatened. Can you speak more on that? Christina Parajon Skinner: Yes, certainly. Thank you for the question. So in the first instance, to the extent the Federal Reserve doesn't change the composition of its balance sheet otherwise, issuing a CBDC will increase its liabilities, which means that it has to match that increase in liabilities by purchasing more assets. So the first thing that we would think about when the Fed would purchase more assets would be buying more Treasury securities. That being said, with the potential for the Fed to issue more CBDC, thereby giving it more headroom to buy more Treasury securities, would be likely to put some pressure on the Fed at some point down the line from the Treasury to issue that CBDC to absorb more government debt, which we call monetary finance or monetizing the deficit. Before World War Two, the Fed essentially operated under the thumb of the Treasury so that during wartime and otherwise, the Fed could effectively monetize the deficit. And really today, that's anathema to an independent central bank. There were other things that the Fed could also be pressured to buy to match an increase in CBDC, like corporate bonds. Now our recent experimentation in corporate bonds has put some question around whether this too could politicize a central bank because inevitably if central banks buy corporate bonds, they are picking winners and losers in the economy. Now, the Fed has been pretty neutral in its approach, but there has been a lot of pressure on the central bank to, for example, buy green bonds in order to facilitate a transition to a low carbon economy and certainly other central banks do actively green their corporate bond portfolios. 2:23:05 Dr. Norbert Michel: I believe this is a question of centralization versus decentralization. And if you have a CBDC, you ultimately have one major point of failure. One way of doing this would be to have the Fed have a database. Well, we know the Fed's been hacked. Even if the Fed has multiple databases, it's the Fed being hacked, as opposed to having multiple private companies all across the country. If Capital One, for example, has a hack or a cybersecurity problem, everybody in the country is not immediately at risk, only their customers, and that's a problem for them. 2:25:25 Rep. William Timmons (R-SC): Based on your research, can you explain what, if any, technological advantage a CBDC has over the private sector? Dr. Norbert Michel: None. And this should be this is properly viewed as a government reaction to a private innovation. We can call it Bitcoin or you could just call it distributed ledger technology in general. That's what this is about. This is about the government seeing an innovation that possibly threatens their control over the payment system and it is a movement to come up with something that takes that back and it just so happens that what they're coming up with here is something that goes even further than where we are without the CBDC. 2:26:45 Christina Parajon Skinner: The status of the dollar is undergirded by our commitment to the rule of law, democratic institutions, having a judiciary that enforces property rights, and perhaps most importantly, maintaining the dollar as a stable store of value. So for there, it's important that the Fed maintain its fight against inflation and with the issuance of the CBDC, there will absolutely be a propensity to over-issue, to for example, monetize the deficit and if that were to happen that would undermine the status of the dollar. 2:29:45 Paige Paridon: A so-called flight to quality is something that we fear would be almost inevitable. Were a retail CBDC to be issued by the Federal Reserve, in times particularly of financial stress or instability, a CBDC would be viewed likely as the ultimate safe asset and depositors would likely be incentivized to pull the deposits out of the banking system and put them into CBDCs as a safe asset, which would reduce the availability of deposits available to lend out, and moreover, increase the cost of credit. 2:31:10 Raúl Carrillo: President Lincoln created cash after the Civil War in order to help everybody have day to day transactions throughout our economy. Today we have cutting edge technology in various other sectors in the government, including in the US military where they use stored value cards known as Eagle Cash in order to make offline payments. 2:33:15 Yuval Rooz: If the US government were to decide to issue a retail CBDC, unlike wholesaled CBDC, I think that it is going to be critical for the government to show an evidence that there is no ability for the government to see transactions of citizens. I personally would be against such an act. 2:35:05 Yuval Rooz: If we wanted to have privacy included in the smart contract of the money, it would state that any movement of money would only be visible to the sender of money and the receiver of money for example, and the issuer of money would be blinded. So all that the issuer would see is the overall balance, but would not see any underlying movements of the money, for example. March 8, 2023 House Financial Services Committee Witnesses: Jerome Powell, Chair, Board of Governors of the Federal Reserve System Clips 53:50 Rep. French Hill (R-AK): Turning to a topic that's been a subject here for nearly four years: Central Bank Digital Currencies. Article One of the Constitution, reserves coins and money issuance to the Congress and we've in turn delegated that to the US Treasury, which has since 1912 engaged the Federal Reserve as their fiscal agent. You've testified here many times before that to issue a Central Bank Digital Currency that would be have to be authorized by statute by Congress. Is that still your testimony? Jerome Powell: So that is absolutely the case as it relates to a retail CBDC. There are potential forms of a wholesale CBDC that you would need to look at, it's less clear. But we've always been talking about retail CBDC and that's something we would certainly need Congressional approval for. Rep. French Hill (R-AK): What would be a parameter on something that's not a retail CBDC where you think that could be issued in some form or fashion without Congress's direct statutory authorization? Jerome Powell: It would be, for example, something between banks, so it would look an awful lot like a bank reserve. And you might ask, Well, why would we need it? And that's a really good question, too. But just something that's literally within a wholesale market. Rep. French Hill (R-AK): But that speaks that you might have a blockchain between banks and the Fed using a Central Bank Digital Currency token to settle transactions institutionally inside the US. 1:15:40 Jerome Powell: We did go out for comment in general on a CBDC a year or so ago and I do expect that we'll go out, I can't give you a date, but we'll certainly go out and we engage with the public on an ongoing basis. We're also doing research on policy and also on technology. That's what we're up to. Rep. Stephen Lynch (D-MA): The Boston Fed has a partnership over there with the folks from MIT Media Lab, they're doing a great job, but it says here that the discussions would include technical experimentation. I was just wondering, at what level are you talking about making decisions on architecture for a retail CBDC? Jerome Powell: We're not at the stage of making any real decisions. What we're doing is experimenting, in kind of early stage experimentation. How would this work? Does it work? What's the best technology? What's the most efficient? We're really at an early stage but we're making progress on sort of technological issues. The policy issues are equally important though. You know, we haven't decided that this is something that the financial systems in the country want or need. So that's going to be very important. 1:18:15 Jerome Powell: A CBDC is going to be years in evaluation. 1:18:30 Rep. Stephen Lynch (D-MA): You know, before the greenback, everybody had their own currency. You know, you had rail rail companies, you had coal companies, you had, you know, state banks that were authorized to issue their own currency. But when the greenback came out, all of those various currencies went to zero, because the greenback had the full faith and credit of the United States behind it. I'm worried about a lot of these Stablecoins and other cryptocurrencies. Do they go to zero when we come up with a CBDC that has the full faith and credit of the United States behind it? We've got 1000s of these out there, and you've got people investing millions and millions of dollars, well trillions right now. And I'm just thinking if we had those advantages built into a CBDC? Wouldn't those alternatives go to zero, if they did not have the transparency and the full faith and credit that we enjoy? Jerome Powell: So certainly, unbacked cryptocurrencies that don't have any intrinsic value, but nonetheless, trade for a positive number, I've never understood the valuation of those. Stablecoins, many of them are really drawing on the credibility of the dollar. They're dollar denominated mainly, dollar-based reserves, although we don't know what's in the reserves because there's no regulation. 2:16:05 Jerome Powell: What we say about permissionless blockchains is that they have been vehicles for fraud -- Rep. Warren Davidson (R-OH): 0.24% if you follow your own report on fraud. It's a fraction of what it is with the US dollar. May 26, 2022 House Financial Services Committee Witness: Lael Brainard, Vice Chair of the Board of Governors of the Federal Reserve System Clips 2:08:30 Rep. John Rose (R-TN): Vice Chair Brainard, we saw how dangerous it can be when the government weaponizes the financial system for political purposes under the Obama administration's Operation Choke Point. More recently, the Canadian government instructed banks to freeze accounts linked to the trucker protests over vaccine mandates. Vice Chair Brainard, without appropriate safeguards, would a CBDC make it easier for the federal government to block individuals it disagrees with from accessing the financial system? Lael Brainard: So I really don't see CBDC as raising questions that are different from deposits and bank accounts, for instance. And the paper that was released in January, in particular, talks about an intermediary model, akin to what we see with commercial bank deposits, where the central bank doesn't have any direct interaction with consumers, doesn't see transactions by consumers, but there are intermediaries and, very importantly, including banks that would be responsible for both identity verification and for keeping that transaction data private. So in that sense, I don't see it it's as really any different than the issues that are raised with commercial bank deposits. June 16, 2021 Committee on Financial Services, Subcommittee on National Security, International Development, and Monetary Policy Witnesses: Eric B. Lorber, Senior Director, Foundation for Defense of Democracies Clips 43:33 Eric Lorber: The number of transactions which are elicit that use Bitcoin or blockchain technology is actually fairly low percentage wise it's in I believe, below 1% or somewhere around there. So it's fairly small. Music by Editing Production Assistance

Bitcoin Audible (previously the cryptoconomy)
FEATURING AI Unchained #008 - Ecash and Ai with Obi Nwosu

Bitcoin Audible (previously the cryptoconomy)

Play Episode Listen Later Oct 9, 2023 80:02


Obi Nwosu, co-founder and CEO of Fedi, joins us today to talk about the new innovations and challenges in decentralising the web and how both Bitcoin and Ai are at the core of making it possible. This conversation was recorded for the AI Unchained podcast, but I decided to cross post it here since a lot of the conversation is themed around Bitcoin. Guest Links: Follow Obi on X: ⁠https://x.com/obi ⁠Follow Fedi on X: ⁠https://twitter.com/fedimint A huge thanks to our sponsors, and don't forget to check out the offers for the listeners of this show! 9% off the Coldcard with code BITCOINAUDIBLE, ⁠⁠⁠⁠⁠⁠⁠bitcoinaudible.com/coldcard⁠⁠⁠⁠⁠⁠⁠ Check out the KYC Free, simple, no management, Bitcoin merchant solution, ⁠⁠⁠⁠⁠⁠⁠Nodeless.io/guy⁠⁠⁠⁠⁠⁠⁠. Use my link to go to ⁠⁠⁠bitcoinaudible.com/nodeless⁠⁠⁠ and setup your donation page for free, then share it out on Nostr or Twitter and tag me, and I'll throw 10,000 sats your way! Get 50,000 free sats, plus sats back on everything you buy by signing up with Fold and the Spin+ Debit Card. ⁠⁠⁠⁠⁠⁠⁠bitcoinaudible.com/fold⁠⁠ --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

AI Unchained
#008 - Ecash and Ai with Obi Nwosu

AI Unchained

Play Episode Listen Later Oct 9, 2023 80:02


Get 50,000 free sats, plus sats back on everything you buy by signing up with Fold and the Spin+ Debit Card. ⁠⁠⁠⁠⁠⁠bitcoinaudible.com/fold⁠ Obi Nwosu, co-founder and CEO of Fedi, joins us today to talk about the new innovations and challenges in re-decentralizing the web and how both Bitcoin and Ai are at the core of making it possible. Guest Links Follow Obi on X (Link: https://x.com/obi) Follow Fedi on X (Link: https://twitter.com/fedimint) Fedi Website (Link: https://www.fedi.xyz/) Host Links Guy on Nostr (Link: https://tinyurl.com/yc376bff) Guy on X (Link: https://twitter.com/theguyswann) Bitcoin Audible on X (Link: https://twitter.com/BitcoinAudible) Check out our awesome sponsors! Get 9% off the COLDCARD with code BITCOINAUDIBLE ⁠⁠⁠⁠⁠⁠(Link: bitcoinaudible.com/coldcard⁠⁠⁠⁠⁠⁠) Swan: The best way to buy, learn, and earn #Bitcoin (Link: https://swanbitcoin.com)

Tech Path Podcast
1255. CBDC's vs Stablecoins U.S. Hearing | FULL BREAKDOWN

Tech Path Podcast

Play Episode Listen Later Sep 18, 2023 27:41


The U.S. Hearing Entitled: Digital Dollar Dilemma: The Implications of a Central Bank Digital Currency and Private Sector Alternatives is a hearing held by the House Financial Services Committee to discuss the potential implications of a central bank digital currency (CBDC) and private sector alternatives, such as blockchain-based stablecoins.Government-controlled and issued CBDCs have a number of potential advantages, including:Increased financial inclusion for underserved communitiesMore efficient and faster paymentsReduced reliance on cashEnhanced financial stabilityHowever, there are also some potential risks associated with CBDCs, including:Privacy concerns: A CBDC could be used by the government to track and monitor all financial transactionsCentralization risk: A CBDC would give the government a great deal of control over the financial systemFinancial repression: The government could use a CBDC to restrict access to funds or implement negative interest ratesBlockchain-based stablecoins are another type of digital currency that is pegged to the value of a fiat currency, such as the US dollar. Stablecoins offer some of the same advantages as CBDCs, such as faster and cheaper payments and increased financial inclusion. However, stablecoins are also more decentralized than CBDCs, meaning that they are not subject to government control.ECash is a proposed digital dollar pilot program that was introduced by Congressman Stephen Lynch. ECash would be a government-issued CBDC that would be distributed to low-income Americans through prepaid cards. Proponents of ECash argue that it would help to reduce financial inequality and promote financial inclusion. However, critics of ECash argue that it is a surveillance tool that would give the government too much control over people's finances.The debate over CBDCs and private sector alternatives is largely about the issue of how far we are willing to give up our privacy in order to gain the benefits of a digital currency. Proponents of CBDCs argue that the government can be trusted to protect our privacy. However, critics of CBDCs point to the government's history of surveillance and financial repression as evidence that we should not trust the government with this level of control over our financial lives.The outcome of the debate over CBDCs and private sector alternatives is likely to have a significant impact on the future of the financial system. It is important to have a well-informed debate about this issue so that we can make the best decision for the future of our economy and our democracy.In addition to the above, here are some other points to consider:The 4th Amendment to the US Constitution protects people from unreasonable searches and seizures. Some people argue that a government-issued CBDC would violate the 4th Amendment, as the government would be able to track all financial transactions made with a CBDC.Proponents of CBDCs argue that they can be designed to protect privacy. For example, a CBDC could be designed so that users can choose to make anonymous transactions. However, critics of CBDCs argue that it would be difficult to design a CBDC that truly protects privacy, as the government would always have the ability to track transactions if it wanted to.The debate over CBDCs is also about the issue of financial inclusion. Some people argue that a government-issued CBDC could help to reduce financial inequality and promote financial inclusion by making it easier for people to access financial services. However, critics of CBDCs argue that a CBDC could actually lead to more financial exclusion, as the government could use a CBDC to restrict access to funds or implement negative interest rates.The debate over CBDCs and private sector alternatives is complex and there are no easy answers. It is important to weigh the potential benefits and risks of both options carefully before making a decision about the future of the financial system.

Bitcoin Park
The Power of Lightning Summit 2023: Fedimints - Chaumian ECash

Bitcoin Park

Play Episode Listen Later Aug 25, 2023 32:47


The Power of Lightning Summit 2023 was an intimate two-day summit focused on bitcoin and lightning held at Bitcoin Park in Nashville, TN on July 13-14, 2023. The Power of Lightning Summit 2023: Fedimints - Chaumian ECash featuring: Jay Beddict, VP of Research - Foundry Kody Low, Head of Developer & Product Support - Fedi Paul Miller - Mutiny Bitcoin Park is a community supported campus in Nashville, TN focused on grassroots bitcoin adoption and a home for bitcoiners to work, learn, collaborate, and build. Our aim is to produce and publish conversations from future events, so please like and subscribe on your favorite podcasting app to stay up to date. To learn more, please visit and join: ⁠⁠⁠⁠⁠⁠https://bitcoinpark.com⁠⁠ and/or join our Discord where we are most active: ⁠⁠⁠⁠https://bitcoinpark.com/discord⁠⁠  Bitcoin Park on Twitter: ⁠⁠⁠⁠https://twitter.com/bitcoinpark_⁠⁠ Odell on Twitter: ⁠⁠⁠⁠https://twitter.com/ODELL⁠⁠ Rod @bitkite on Twitter: ⁠⁠⁠⁠https://twitter.com/bitkite Bitcoin Park Telegram: ⁠⁠https://bitcoinpark.com/telegram⁠⁠ Bitcoin Park on nostr: ⁠⁠https://bitcoinpark.com/nostr

What Bitcoin Did
Scaling Bitcoin Privacy with Calle

What Bitcoin Did

Play Episode Listen Later Apr 19, 2023 88:41


“This was the reason why I think ecash is coming back now: because it needed Bitcoin. Ecash is almost worth nothing if you don't have a free sovereign monetary layer below it… and we found the base money of the internet.”— CalleCalle is a Bitcoin and Lightning developer contributing to LNBits and the Cashu ecash system. In this interview, we discuss Cashu's mission and development, undertake a live demonstration of it in action, the importance of privacy, removing ideology from Bitcoin, and the future of AI and robots. - - - - “By providing a high degree of privacy in payments, cash helps to slow the growing information asymmetry between consumers and companies… between citizens and public authorities… privacy is crucial for individuals to safeguard their position when dealing with organisations which are more powerful than a single person.” Not the words of an anarcho-capitalist, but a prominent Deutsche Bank economist from 2019. It is a truism that privacy is the bedrock of democracy. The problem is we're sleepwalking into a cashless society where digital payments are tracked, recorded and stored. You can learn everything about someone through their transactions. Privacy in other areas means nothing in this environment. The issue has been how to replicate the utility of cash in the digital world.David Chaum solved this problem in 1982: his dissertation “Computer Systems Established, Maintained and Trusted By Mutually Suspicious Groups” was the original blueprint for blockchains (excluding the proof of work consensus mechanism). His company Digicash launched ecash in 1995, predicated on Chaum's blind signature innovation. For various reasons, ecash did not take root. Until now.Amongst a small number of initiatives aiming to revive ecash under the Bitcoin umbrella, is Cashu, which allows for private ecash payments over the Lightning Network. It is essentially digital cash, backed by Bitcoin. It requires no accounts or personal information, and everyone involved in the system is blind to other users' transactions. There are tradeoffs: it's a custodial system where sats are deposited in ‘mints' to create ecash. The creator Calle, a respected Bitcoin and Lightning Network developer, is working on technical solutions to overcome concerns. Even so, given how well the test version of Cashu is working, Cashu could be the go-to digital cash feature we're all using very soon, and the feature that enables the next cycle of adoption. - - - - This episode's sponsors:Iris Energy - Bitcoin Mining. Done Sustainably Gemini - Buy Bitcoin instantlyLedn - Financial services for Bitcoin hodlersBitcasino - The Future of Gaming is hereLedger - State of the art Bitcoin hardware walletWasabi Wallet - Privacy by default-----WBD647 - Show Notes-----If you enjoy The What Bitcoin Did Podcast you can help support the show by doing the following:Become a Patron and get access to shows early or help contributeMake a tip:Bitcoin: 3FiC6w7eb3dkcaNHMAnj39ANTAkv8Ufi2SQR Codes: BitcoinIf you do send a tip then please email me so that I can say thank youSubscribe on iTunes | Spotify | Stitcher | SoundCloud | YouTube | Deezer | TuneIn | RSS FeedLeave a review on iTunesShare the show and episodes with your friends and familySubscribe to the newsletter on my websiteFollow me on Twitter Personal | Twitter Podcast | Instagram | Medium | YouTubeIf you are interested in sponsoring the show, you can read more about that here or please feel free to drop me an email to discuss options.

What Bitcoin Did
The Future of Bitcoin Banking with Eric Yakes - WBD625

What Bitcoin Did

Play Episode Listen Later Mar 1, 2023 102:24


Eric Yakes is the author of ‘The 7th Property'. In this interview, we discuss how a Bitcoin native banking system could evolve, predicated on a practical vision where not everyone will be able or willing to self-custody. Eric has theorised how Fedimints may form the basis for a new digital age of free banking, and the risks and opportunities this would present. - - - - As Bitcoin is a new form of money, then it stands to reason that it could become the basis for a new global monetary system. Yet, it is not a certainty that this will happen. And how it may manifest is far from settled. Eric Yakes is one of the leading thinkers on this topic. His ideas around how Bitcoin banking may develop are evolving to respect the central tenets of Bitcoin's ideology, whilst making pragmatic allowances for real-world constraints. The principal issue for Bitcoin banking is the provision of custody. 2022 gave everyone clear grounds to promote cold storage. However, with widescale adoption, there will still be significant demand for third-party custody solutions. Therefore, one must consider which custody solutions maximise trust. Fedimint provides such an alternative where trust is federated, with the intention that this federation is a known community. Fedimint is not only a custody solution, it is also a means for issuing value. A Fedimint can issue Ecash against the held Bitcoin. This Ecash acts as a bearer instrument that can be stored on mobile phones, with the privacy characteristics of physical cash. Ecash could also be transferred via the Lightning Network. This opens up the possibility of a quantum of decentralized federations developing and operating akin to the free banking era of the 19th century. There are issues. Third-party custody in any form involves risk. There will be occasions when trust is broken, Bitcoin is lost and innocent people are affected. There are also risks associated with a rise in fractional reserve banking, and questions over the issuance of credit through such systems. However, as Eric Yakes asserts, if Bitcoin is to be more than Gold 2.0 and become the basis for a global monetary system, then these are risks that need to be faced.

What Bitcoin Did
The Future of Bitcoin Banking with Eric Yakes

What Bitcoin Did

Play Episode Listen Later Mar 1, 2023 102:23


“The whole point is that we have enough self-custody to where the system remains permissionless so that we don't turn into digital gold 2.0. That's the whole point. Maybe that's 20% of all Bitcoin, maybe that's 30%. I have no idea. But it needs to be as much as we could possibly make it based on the consumer utility trade-offs.”— Eric YakesEric Yakes is the author of ‘The 7th Property'. In this interview, we discuss how a Bitcoin native banking system could evolve, predicated on a practical vision where not everyone will be able or willing to self-custody. Eric has theorised how Fedimints may form the basis for a new digital age of free banking, and the risks and opportunities this would present. - - - - As Bitcoin is a new form of money, then it stands to reason that it could become the basis for a new global monetary system. Yet, it is not a certainty that this will happen. And how it may manifest is far from settled. Eric Yakes is one of the leading thinkers on this topic. His ideas around how Bitcoin banking may develop are evolving to respect the central tenets of Bitcoin's ideology, whilst making pragmatic allowances for real-world constraints.The principal issue for Bitcoin banking is the provision of custody. 2022 gave everyone clear grounds to promote cold storage. However, with widescale adoption, there will still be significant demand for third-party custody solutions. Therefore, one must consider which custody solutions maximise trust. Fedimint provides such an alternative where trust is federated, with the intention that this federation is a known community. Fedimint is not only a custody solution, it is also a means for issuing value. A Fedimint can issue Ecash against the held Bitcoin. This Ecash acts as a bearer instrument that can be stored on mobile phones, with the privacy characteristics of physical cash. Ecash could also be transferred via the Lightning Network. This opens up the possibility of a quantum of decentralized federations developing and operating akin to the free banking era of the 19th century.There are issues. Third-party custody in any form involves risk. There will be occasions when trust is broken, Bitcoin is lost and innocent people are affected. There are also risks associated with a rise in fractional reserve banking, and questions over the issuance of credit through such systems. However, as Eric Yakes asserts, if Bitcoin is to be more than Gold 2.0 and become the basis for a global monetary system, then these are risks that need to be faced. - - - - This episode's sponsors:Gemini - Buy Bitcoin instantlyIris Energy - Bitcoin Mining. Done Sustainably Ledn - Financial services for Bitcoin hodlersBitcasino - The Future of Gaming is hereLedger - State of the art Bitcoin hardware walletFortris - Digital asset treasury operationsWasabi Wallet - Privacy by default-----WBD625 - Show Notes-----If you enjoy The What Bitcoin Did Podcast you can help support the show by doing the following:Become a Patron and get access to shows early or help contributeMake a tip:Bitcoin: 3FiC6w7eb3dkcaNHMAnj39ANTAkv8Ufi2SQR Codes: BitcoinIf you do send a tip then please email me so that I can say thank youSubscribe on iTunes | Spotify | Stitcher | SoundCloud | YouTube | Deezer | TuneIn | RSS FeedLeave a review on iTunesShare the show and episodes with your friends and familySubscribe to the newsletter on my websiteFollow me on Twitter Personal | Twitter Podcast | Instagram | Medium | YouTubeIf you are interested in sponsoring the show, you can read more about that here or please feel free to drop me an email to discuss options.