Episode 100
Fortress Not Trustworthy
September 16th, 2023
57 mins 1 sec
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About this Episode
Pre-Show
- A very reasonable discussion on HN around the WTF Happened in 1971 website, the world is complicated, there are many ways to interpret history and the present, none are particularly satisfying
News
Binance.US, the United States arm of the crypto exchange, has cut around a third of its staff — or 100 positions — with its president and CEO Brian Shroder also departing the firm.
Binance.US Statment to CoinTelegraph:
“The [Securities and Exchange Commission’s] aggressive attempts to cripple our industry and the resulting impacts on our business have real-world consequences for American jobs and innovation, and this is an unfortunate example of that.”
They also say "not dead yet!"
“more than seven years of financial runway” amid its move to becoming a crypto-only exchange.
Cool post on the Japanese bitcoin community, I knew wiz and Arthur Hayes hang out in Japan, but would love to incorporate the bitcoin scene into a trip there
Fortress Lost Customer Funds Prior to Acquisition by Ripple
- The Fortress Trust security breach is a fiat story, its not scary or exciting, just predictable with the ancient messy tech stack that U.S. corporate financial IT demands
Economics
- Is an introduction to U.S. debt collection economics? It's certainly historical, and it speaks to the fragility of legacy financial agreements when compared to the on chain assurances of bitcoin
Altcoins
1 of the 2 'OneCoin' founders has been sentenced for his role in a crypto themed Multi-level marketing ponzi scheme
- There is a podcast
Bitcoin Education
- Bitcoin optech includes movement on tarot assets on lightning, another client side validated protocol
Feedback
Remember to get in touch [email protected] or @bitcoindadpod on twitter
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Sponsors and Acknowledgements
Music by Lesfm from Pixabay
Self Hosted Show courtesy of Jupiter Broadcasting