The Sat Standard - January 25th, 2020
The “China controls Bitcoin via mining” narrative is already pretty weak. It will be dead in two years.
Thought of the week from Marty Bent:
Do you hear that, freaks? That’s the sound of ASICs getting turned on across North America. The “China controls Bitcoin via mining” narrative is already pretty weak. It will be dead in two years.
Thought of the week from Matt Odell:
Major corporations have little choice when it comes to government compliance - comply or shutdown - they have essentially become extensions of the governments they serve. Responsible companies intentionally reduce data collection so they have less to hand over when forced to comply. Companies that obscure their data collection practices put their users at risk and should be considered complicit. Long term the only real solution is free and open source alternatives. This is why decentralization is crucial - we need tools that can't track or censor users by design.
On a happier note, today I join friends and family to celebrate an underappreciated holiday - Burns Night. In honor of the late Scottish poet Robert Burns we shall consume copious amounts of haggis and scotch.
TOP STORIES
Whiskey fueled discussion of the topics every week on Rabbit Hole Recap
- Bitcoin Optech #81
- Ronin Dojo v1.2
- txCast: Randomised Bitcoin (testnet) transaction broadcasting to break timing analysis
- MyNode v0.1.80
- lnd v0.9-beta
- Zeus v0.2.0
- BTCPay Vault
- Liquid support coming to Bisq with next update
- Exchange cold storage analysis
- Square Crypto announces lightning development kit
- Square files bitcoin related US Patent
- LightNite game map and other details released
- Apple iCloud backups are essentially a backdoor to phone data
- ECB paper on central bank digital currencies highlights negative interest rates, helicopter money, and more seignorage
- Clearview app face recognition app uses 3B+ photos scraped from millions of public facing websites
- Pentagon accounting debacle
PODCASTS
- Why Donnie decided to move to Shanghai
- What life in China is like
- Why he started creating content
- Alipay + WeChat
- Social Credit
- Life of the Chinese middle class
- MIT Digital Currency Initiative
- Airdrops
- OP_CHECKTEMPLATEVERIFY (BIP 119)
- POWSWAP
- Dev funding
- Scaling
Wringing Of The Rag
- Monday - Issue #655: In defense of assholes
- Tuesday - Issue #656: Don't let them control you
- Wednesday - Issue #657: Bitcoin, The Real Green New Deal
- Thursday - Issue #658: That's a lot of bitcoin
- Friday - Issue #659: BIP BIP HOORAY!
