Episode 3

Sanctions vs Self Custody


March 7th, 2022

1 hr 32 mins 3 secs

Your Hosts

About this Episode


  • Remember to share feedback at [email protected] or @bdadpod on twitter
  • Advice for LostFaithinPaperMoney

Helpful links for begining to self-custody your bitcoin

Wallet Software and a good Hardware Wallet


  • Finally some good privacy news from Chris Belcher about his new coinswap protocol
  • This Month in Bitcoin Privacy is back!
    • Awesome newsletter by the pseudonymous opensource journalist Janine
    • More challenges with Wasabi v2, incredibly privacy info
  • NFT marketplace OpenSEE is not decentralized and subject to sanctions policy
  • Etherium infrastructure providers will block certain areas from using their "decentralized" blockchain
  • Sanctions on the Russian Central Bank may have frozen 30-50% of Russian FX reserves

History - Payments vs Global Money

  • Chris is so right about bitcoin 10 years ago but the narrative was mostly about transactions, not investment/value transfer into the future
    • Nick Szabo's Shelling Out describes a theoritcal framework to analyze a commodity gradually becoming money
    • Paper is hosted by the Nakamoto Institute which has some great bitcoin research
  • The narrative between transactional money and gold/value money changed during the Block Size War
    • Mike Hearn of Bitcoin XT analyzes the death of the bitcoin network in 2016
    • Early video defending bitcoin's small block decentralization, look at the comments for a sense of how loud the big block argument was
    • An early podcast debate on block size Increases between Gavin Andreeson and Adam Back


  • Proof of Stake is great for pump and dumps
  • Tuur Dem has a concise piece outlining some logical fallacies in POS security

Sponsors and Acknowledgements

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