Episode 100

Fortress Not Trustworthy


September 16th, 2023

57 mins 1 sec

Your Hosts

About this Episode


  • 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


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


  • 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


Bitcoin Education


Boosts Notes:

Thank you Boosters

Value for Value

Sponsors and Acknowledgements

Music by Lesfm from Pixabay
Self Hosted Show courtesy of Jupiter Broadcasting