Trial Gate

Pre-Show

A busy week for Bitcoin Hardware

• Trezor's bitcoin only firmware anniversery hardware signing device is very orange

• Swan Partners with Blockstream to Launch Swan Vault

"Integrating Blockstream Jade's multi-signature and hardware-based authentication into Swan Vault elevates the standards of Bitcoin collaborative custody," said Swan Bitcoin CEO Cory Klippsten.

• Coldcard Mk4 v5.2.0: Seed Vault, PSBTv2 & More

"TL;DR: First Bitcoin Singing-Device to store MULTIPLE seeds. Switch between them effortlessly. Ideal for custodians (think Grandma's stash), devs, experiments, and secure key handling (e.g., TAPSIGNER backups)."

News

FTX is Crazier than we Knew

• FTX did bribes and identity theft to try to unfreeze stuck funds in China

• Alameda’s paper trail leads straight to Sam Bankman-Fried - The Verge

• Molly White on X: "Caroline Ellison's infamous "Things Sam [Bankman-Fried] is freaking out about" list

• Molly White on X: Things Same is Excited About list

Other Deets

• Took Caroline 45 secs to point SBF out in the court room when asked.

• during a sidebar today the lawyers were arguing over whether SBF was trying to intimidate Caroline by laughing and scoffing at her testimony. BF's lawyer spat back and said she couldn't even point him out in the courtroom yesterday

• Teddy Schleifer on X: "One gem from today’s Caroline Ellison testimony is SBF’s belief that he got “bigger bonuses” at Jane Street because of his … hair." / X

BitVM

• What are the implications of turing complete contracts on bitcoin?

  • Nothing at the moment, it demonstrates the creation of basic logic gates on bitcoin but requires massive amounts of off-chain data the cost to 'enforce' such a contract onchain would be prohibitively large
  • And there can only be two participants
  • BitVM: Limitations and Moving Forward

• BitVM explained in 4 slides

• Blockstream Greenlight is a LAS lightning as a service offering that turns lightning node operation into an business ready service ala the software as a service model

  • It seperates the node's network operations and signing/security operations using the validated lightning signer project that can run on a hardware security module

Economics

• Folks betting on rate drops in a few years? Risky Mortgages Could Lead to Foreclosure Spike
  • The year-over-year uptick in headline CPI has been occurring for three months now.
  • Official price levels are cumulatively about 19% higher than the start of 2020. tcoin Education

Feedback

• Remember to get in touch [email protected] or @bitcoindadpod on twitter

• Consider joining the matrix channel using a matrix client like element, details here

Thank you Boosters

• If you get some value from this show, please consider sending a boost. Hearing from you means a lot to us!

• Send a Boost via the Podcast Index web page. No Podcast app upgrade required.

  • Install Alby
  • Find the Bitcoin Dad Pod on the Podcast Index
  • Boost right from the page!

• Send a re-ocurring or one-off lightning boost to the show with no message at [email protected] or directly to Chris at [email protected]

Value for Value

• Podcasting 2.0 to support an indepenent podcasting ecosystem
• Recomended Podcasting2.0 apps:
  • Fountain podcast app (Android)
  • Podverse (Cross platform and self hostable) + Alby for boosts
  • Castamatic (Apple)

Sponsors and Acknowledgements

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