News

• Crypto schadenfreude: yes, most DAOs are just a convenient structure for scamming
• Turkey bans cryptocurrency for transactions
• Matt Levine's breakdown of the Terra-Luna peg and Ponzinomic strategy
  • Last year he broke down the IRON-TITAN stablecoin failure which is illuminating as to the weaknesses of a two coin system

• IMF's Global Financial Stability Report is almost an add for bitcoin

• Ukraine's Central Bank Bans Crypto Purchases in Local Currency

• Israel Adds Yuan to $206 Billion Reserves in ‘Philosophy’ Change

Israel's central bank adds the Chinese yuan and three other currencies to its $206 billion reserves, reducing the allocation for the dollar and the euro.

To accommodate the changes, the euro’s share will fall to 20% -- the lowest in at least a decade -- from just over 30%, while the dollar will account for 61%, down from 66.5%. The pound’s weighting, by contrast, will almost double to 5%, returning to a level last seen in 2011.

• The greenback’s share, by contrast, has fallen to the lowest since 1995

Bitcoin Education

• Taro is the new color coin protocol from lightning labs
• Color coins have existed for a while on bitcoin, but this protocol seems stablecoin focused

Feedback

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

• stacker news

Corrections

• We never actually explain why the mempool cleared in 2021: batching transactions by exchanges, segwit, and lightning

Outro

• Podcasting 2.0 to support an indepenent podcasting ecosystem
• The Fountain podcast app

Sponsors and Acknowledgements

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