The Let's Talk Bitcoin Network
Summary: The main LTB Network feed contains all of the cryptocurrency related podcasts that make it to the front page of Let's Talk Bitcoin! You can expect a new episode or two most days subscribing to this feed.
Many crypto industry titans - including Vitalik Buterin - believe ZK Rollups are the key to Ethereum's scalability. With DeFi exchange dYdX generating over $2 BILLION in daily volume on Starkware, a ZK Rollup solution, I'm excited to chat with Starkware founders about: Why ZK-Rollups are the future vs. other Layer 2sStarkware vs. Optimism vs. Arbitrum: who wins?Can Fast Layer 1s like Solana compete with Starkware?Host: Jason Choi @mrjasonchoi . Not financial advice. ------------ Sponsors ------------- PARASWAP is the best place to trade your tokens and get the best price in DeFi today. Get started on paraswap.io/blockcrunch SOLANA: The Solana ecosystem is growing at a rapid pace and it's a great place to build your project or get involved with the community. Go to solana.com/blockcrunch to learn more! ------------ Disclosures ------------- Disclaimer: Jason Choi is a General Partner at Spartan Capital, a subsidiary of The Spartan Group. All opinions expressed by Jason and podcast guests are solely their own opinions and do not reflect the opinion of The Spartan Group and any of its subsidiaries
Show Notes: On this episode of the Unhashed Podcast, we talk Solana node troubles, Evergrande instability, Robinhood crypto withdrawals, how to pronounce Erdogan's first name, and how Ryan Selkis hates when you don't buy tickets to his events. BREAKING NEWS Friend of the show Riccardo 'œFluffy Pony' Spagni is out of Jail! Congrats Fuffy. In a tweet, Fuffy says 'œI am very pleased that the U.S. court has released me. I am actively working with my attorneys on a way to return to South Africa as soon as possible so I can address this matter and get it behind me once and for all. That's what I've always wanted to do.' On September 14, Solana node operators are coordinating a 'œrestart' of the high-speed blockchain Tuesday in an attempt to bring the stuttering network back online. 'œThe validator community elected to coordinate a restart of the network' and is preparing a 'œnew release' that will right the frozen blockchain, according to an afternoon tweet from the Solana Foundation. In Solana's Discord server, developers distributed restart instructions at 3:21 p.m. Eastern time. The outage began early Tuesday after 'œresource exhaustion' on the network brought blockchain validation to an hours-long halt. On-chain activity froze across Solana's multibillion-dollar ecosystem of trading, staking and lending projects.A source familiar with the matter told CoinDesk that the outage 'œimpacts everything built on Solana, but the issue is the underlying [layer 1].'Tuesday's outage came amid booming interest in Solana, a network seeking to attract Wall Street usage whose token has been on fire since late August. Investors have flocked to Solana as a low-fee platform for decentralized finance (DeFi). The disruption was caused by bot trading of Grape Protocol's Tuesday token offering, founder Anatoly Yakovenko said on Twitter. It is the second time in two weeks that Solana's mainnet cluster experienced 'œinstability,' according to a Messari research note reviewed by CoinDesk. A flood of transactions pushed the network past its limits early Tuesday, Solana's status account tweeted shortly after 3 p.m. Eastern time. The activity triggered a forking that knocked multiple nodes offline. Engineers tried and failed to triage the problem, according to Solana. It's not unheard of for blockchain networks to experience service disruptions. Solana's mainnet is still in beta mode; it last experienced an outage in December, another source said. Last week's hiccup was also related to a resource exhaustion event. 'œIt's good for people to understand that Solana mainnet is still clearly in beta,' said a source building one of Solana's popular DeFi protocols interrupted by the outage. 'œI have faith in the Solana core contributors and validators to resolve this issue promptly.' Engineers were rushing to push a patch to Solana node runners, multiple sources told CoinDesk. Once it's ready and running across 66% of validators (a supermajority on the network) Solana is expected to come back online. Until then, the ecosystem with over $11 billion in total value locked (TVL) is in wait-and-see mode. Activity remains frozen at block #96538485. It is unclear what implications the Tuesday outage may have for Solana. One source in the developer community pointed out that some projects have time-sensitive operations, like liquidations and IDO launches. Those could become thorny the longer the network remains down. Colin put together a price quote sheet if you wanted to run a Solana node here: https://docs.google.com/spreadsheets/d/1rc43ZdM7ocsGmxf7VgLlXubUyVlxyrj_vZpKNiHbuZU/edit?usp=sharing Evergrande is China's largest property developer and was up until recently one of the most valuable companies in the world. However, most analysts now believe Evergrande is on the verge of insolvency and won't be able to meet its mountainous debt obligations without direct government interventions within the next few week
'œSandwiched between Guatemala and Honduras, El Salvador '" the smallest and most densely populated country in Central America, with an average GDP per capita of around $3,500 '" is a most unlikely ground zero for a financial revolution.' - Alex Gladstein Gladstein is back with the full story of Bitcoin and El Salvador. What it's like on the ground, the people it all started with, the responsibility we have as a community, & the history that gives much needed perspective to the actions of the political regime. You don't want to miss this one. Check out the original article and tons of other incredible work by Gladstein & others at Bitcoin Magazine: https://bitcoinmagazine.com/culture/the-polarity-of-bitcoin-in-el-salvador Endless thanks to Bitcoin Magazine and the LTB Network for the incredible content they bring to the Bitcoin ecosystem. Check out our amazing sponsors below that keep this show alive, and all the things made audible for your listening pleasure! ' Get sats back on everything with the Fold Card! Check them out at guyswann.com/fold for 20% off the Spin+ Card! ' And keep those sats SAFE with the BitBox02 hardware wallet. 5% off with discount code "GUY" at guyswann.com/bitbox
My guests are Jeff Gallas and Rootz of Fulmo, an open source company dedicated to the research and development of the Lightning Network. They are the organizers of the Lightning Hackdays and the first Lightning Conference that took place in Berlin in 2019 and are supporters of the RaspiBlitz project, a Lightning and Bitcoin full node. "If you run a Lightning node you're a part of replacing the VISA and Mastercard networks." - Rootz Topics:Development of the Lightning Network and the RaspiBlitzAdoption rate of the Lightning NetworkAccessibility improvementsHow many payments will be possible on the Lightning NetworkMost exciting Lightning projectsWhy it's important to run your own nodeRaspiBlitz integrations, LND and c-lightningResources and RaspiBlitz communities Shownotes on the episode page
My guest is Adam Back the inventor of Hashcash, that was used as the proof-of-work method in Bitcoin. His work is cited in the Bitcoin whitepaper as well as in the Tor Browser whitepaper. Adam is a seasoned cryptographer with a PhD in computer science and distributed systems. As co-founder and CEO of Blockstream he is building the infrastructure for the internet of the future. Topics:Blockstream's funding and future plansDecentralization of miningGreenlight: Lightning nodes for everyonehow Bitcoin supports green energyStarlink vs. Blockstream satellitesBitcoin R & D and innovations in AltcoinsInflation bug in BitcoinSimplicity: Bitcoin smart contractsStrategies to de-risk ETFs dangers to BitcoinHow to make more bitcoin out of your bitcoinDeFi on BitcoinWhat Adam Back is doing in his spare timeThe Future of Blockstream and BitcoinHow Bitcoin has changed Adam Back Shownotes on the episode page
On this episode of the Unhashed Podcast, Colin and Mario go off our usual content track and interview Aella Girl, notable internet personality, constructor of insightful Twitter polls, and outspoken sex worker. Aella shares with us the experience of working at OnlyFans, dealing with stigma and taboos, and we explore the intersection of sex work and cryptocurrency.
My guest is Andreas M. Antonopoulos one of the worlds foremost experts on Bitcoin and open blockchains. Andreas is an educator, author of five books and an excellent speaker. His new co-authored book "Mastering the Lightning Network" will be published at the end of 2021. I was especially excited to be able to speak with him in person while we both visited Berlin. Our topics:the state of Bitcoin in 2021 Taproot and why it's important for Bitcoin the battle between regulators and DeFi staircase of financial sovereignty future of the Lightning Network immutability of Bitcoin what is sound money? Ethereum or Bitcoin will he write another Altcoin book? Shownotes on the episode page
Would you pay $30-$40,000 for a few lines of text against a black background? That's precisely what buyers of Loot - the latest NFT to capture the attention of the entire crypto space - are doing. I'm joined by early Loot adopters and crypto investors Jon Kol (@thePalenimbus) and Angie Dalton (@Daltonan). We discuss: Loot's origins and ties to MMORPG games"Meta-games": the new wave of crypto gaming?Will gaming studios contribute to open source games?What's next for Loot------------- Sponsors ------------- PARASWAP is the best place to trade your tokens and get the best price in DeFi today. Get started on paraswap.io/blockcrunch SOLANA: The Solana ecosystem is growing at a rapid pace and it's a great place to build your project or get involved with the community. Go to solana.com/blockcrunch to learn more! ------------- Disclosures ------------- Musical credits: Underground Stars by Loxbeats https://spoti.fi/34tPBBO Creative Commons '" Attribution 3.0 Unported '" CC BY 3.0 Free Download / Stream: https://bit.ly/underground-stars Music promoted by Audio Library https://youtu.be/vpJDMD2EzkA Disclaimer: Jason Choi is a General Partner at Spartan Capital, a subsidiary of The Spartan Group. All opinions expressed by Jason and podcast guests are solely their own opinions and do not reflect the opinion of The Spartan Group and any of its subsidiaries
As El Salvador announces Bitcoin as legal tender, and the world looks on in wonder at this amazing example of progress, we host a fascinating roundtable conversation on the important aspects of this news. CK, Aaron Van Wirdum, Alex Gladstein, Mike Peterson, Romero Martinez, and several others talk about the rollout, the public reception, Bukele's role, and first impressions of the Chivo Wallet. The conversation also covers some of the background leading up to this momentous time, and a few surprising experiences from our panel, including the ability to pay for a breakfast at McDonald's already! We look at challenges to wider adoption and acceptance of Bitcoin as the main currency, how integration will work with regard to enterprise business, and how the infrastructure and power grid of the country might be able to support Bitcoin mining as it scales. So, to get the latest on these hugely important shifts, and how a small country is leading the charge for the rest of the world to follow, make sure to tune in!
Hosts: Christian Keroles and Ansel Lindner In this episode of Bitcoin Magazine's 'œFed Watch' podcast, we respond to Chairman Powell's comments at Jackson Hole on 27 August. We listen to several important sound bites and discuss it along the way. Powell was expected to announce a Fed taper, where they begin to shrink their monthly purchase of securities in QE. We have often said that Powell is somewhat of a straight shooter relative to other central banks of the past and present. We also are hesitant to ever agree with a Federal Reserve Chairman, but in this case, we find many points to agree on. Bitcoin is beginning to naturally fit into every discussion on central banks and the international financial system. We touch on bitcoin throughout this episode.
In this week's episode, the tit is moving (again) so Ruben Bryan and Colin walk through the finer points why DeFi insurance DAOs also need insurance, we give another toot to El Sal legal tender law, Tips on Twitter, and, finally, an analysis of the first live Dapp on Cardano testnet! Look out! From CoinTelegraph, In a candid open letter, the lead contributor of Cover and Ruler Protocol, 'œDeFi Ted,' announced the protocol will close its virtual doors in the near future, citing a mass developer exit as the primary reason for the project's conclusion. Launched earlier this year, the Ethereum-based decentralized finance (DeFi) insurance marketplace enabled users to stake Cover tokens as collateral and receive insurance payouts if their assets in other DeFi protocols are hacked or rug-pulled. In December 2020, the Cover protocol suffered a catastrophic exploit when a hacker minted 40 quintillion tokens, stratospherically increasing the token supply and effectively rendering the project valueless, a hypothesis confirmed with the consequential 97% price plummet. in a drastic turn of events becoming more commonplace in the market, the hacker consciously returned the funds, and attached the stern message, 'œNext time, take care of your own shit.' Despite the compassionate return of funds, serious damage was inflicted on the protocol both in terms of tokenomics value and cultural reputability. From FastCompany.com, On Sept. 7, 2021, El Salvador will become the first country to make bitcoin legal tender. The government even went a step further in promoting the cryptocurrency's use by giving $30 in free bitcoins to citizens who sign up for its national digital wallet, known as Chivo, or 'œcool' in English. Foreigners who invest three bitcoins in the country'"currently about $140,000'"will be granted residency. Legal tender refers to money'"typically coins and banknotes'"that must be accepted if offered in payment of a debt. The front of every U.S. banknote states, 'œThis note is legal tender for all debts public and private.' This statement has been enshrined in federal law in various forms since the late 1800s. In celebration of the El Sal law, a grassroots twitter effort has started to gain momentum for a market buy of $30 per person. From Michael Saylor, 'œOn September 7, El Salvador will officially begin using #Bitcoin as its national currency alongside the U.S. dollar. Every cyber hornet I know is planning to buy $30 in BTC tomorrow in solidarity with the people of #ElSalvador and their leader @nayibbukele. Will you join us? Twitter is now testing the ability to tip users in Bitcoin through Jack Maller's lightning network app Strike, according to The Block and a post on MacRumors. According to The Block, the new lightning service will be Strike enabled and also support Square's forthcoming hardware wallet. The company also lists Blue Wallet and Wallet of Satoshi as examples of custodial wallets and Breez, Muun, Phoenix and Zap as examples of non-custodial wallets. Twitter will also use Strike to produce Bitcoin invoices. For now, Twitter users will need a Strike account to receive tips in Bitcoin. "We use Strike to generate Bitcoin Lightning invoices so you'll need to connect your account to accept Bitcoin tips,' the instructions read. The Bitcoin developments at Twitter follow through with promises by CEO Jack Dorsey made in July. It was implied then that Bitcoin would be enabled in the Tip Jar service. He suggested also that Bitcoin From @Sassal0X on twitter, The first dapp went live on Cardano today and ADA fanboys are finally discovering that you can't peer review your way out of fundamental issues. From the r/Cardano reddit, 'œLooks good, but when i try to swap things, all im getting is 'œTransaction Fail: UTXOs are being used this block. Please wait 20-40 seconds and try again' Reply : Unfortunately, and I hate to say it because it might be a bit painful, critic have been discussing t
Today CK sits down with Jose Lemus, the founder of IBEX Mercado, to talk about the exciting developments in the El Salvadorian Bitcoin space! At the time of this recording, Bitcoin is about to be announced as legal tender in the country, and so by the time you listen to this conversation, that will be official! While this is exciting news for El Salvador, its people, and future, there is still some way to go before Bitcoin and the Lightning Network will be able to truly spread in the country and impact its economy on a massive scale. Jose shares some of his insider perspectives on the El Salvadorian situation and we talk about some of the potential hurdles, Bitcoin's scalability, the vision for IBEX, and the forthcoming months following the big announcement about Bitcoin becoming legal tender. Jose is dedicated and passionate about the spread of this technology and his long-term perspective and big picture mentality are hugely inspiring. For all this, be sure to listen in with us today!
Bitcoin can be a daunting thing to learn about. It involves the study of several different fields, from computer science to economics. At Bitcoin Magazine, we always hope to be able to educate our readers on the basics of Bitcoin. We offer a guides section, and have a large selection of books in our store. One of my parts about the magazine are contributor articles designed to simplify complex ideas. Nameless, one of our contributors here at the magazine, has sent in several of these articles, including 'œA Gentle Introduction To The Lightning Network,' 'œSo, What Are Bitcoin Miners Actually Doing?' and 'œAn Overview Of Bitcoin's Cryptography.' All of these articles are extremely high quality, and they take some of the more difficult to grasp subjects in Bitcoin and simplify them for the reader.
'œFarzan and her family traveled by foot, car and train thousands of miles through Iran and Turkey, finally making it to Germany in 2017. Along the way, dishonest middlemen and common thieves stole everything they brought with them, including their jewelry and cash. At one point, their boat crashed, and more belongings sank to the bottom of the Mediterranean. It's a tragic story familiar to so many refugees. But in this case, something was different. Through it all, Farzan was able to keep her bitcoin, because she hid the seed to her Bitcoin wallet on a piece of tiny, innocuous-looking paper. Thieves could not take what they could not find.' - Alex Gladstein You don't want to miss another excellent piece in the incredible ongoing works by Alex Gladstein. Thanks to Bitcoin Magazine for this incredible work and continuing to put out so much incredible stuff for the Bitcoin space! Check out the article below for links to dig further and a huge collection of other excellent works at Bitcoin Magazine: https://bitcoinmagazine.com/culture/bitcoin-financial-freedom-in-afghanistan Huge thanks to the amazing Bitcoin Magazine & LTBNetwork for the incredible content they produce in the Bitcoin space! Don't forget to check out our awesome sponsors! 5% off the BitBox02 with code "GUY," your bank grade digital vault for your Bitcoin keys from Shiftcrypto.chAnd secure your Bitcoin future by starting your automatic savings plan at SwanBitcoin.com/guy
On this episode of the Unhashed Podcast, we talk Coinbase 2FA slipups, the normalization of Ethereum consensus failures, anti-bitcoin protests in El Salvador, and IMF & CCP critiques of bitcoin. Lastly, we encourage Colin to stop farting on people on planes. Customers of leading United States crypto exchange Coinbase have spent the weekend panicking after the exchange mistakenly sent emails to users stating that their two-factor authentication (2FA) settings had been changed. On Friday, Coinbase accidentally sent the email to 125,000 of its customers, resulting in widespread public backlash. Coinbase took to Twitter on Sunday to apologize for the mishap, stating, 'œWe're laser-focused on building trust and security into the crypto community so that the open financial system we all want is a reality. We recognize that issues like this can hurt that trust.' Despite Coinbase's apology, many of its users reported taking significant measures in response to the email while fearing that their accounts were being targeted by hackers, including overhauling security settings and liquidating their crypto holdings. Comments on the exchange's social media also suggest that numerous customers were unable to access the Coinbase app for several days after the incident. 'œWe will continue to work to gain back the trust of every one of our customers who was impacted by those notifications,' Coinbase added. The firm also announced it is reimbursing users with $100 worth of Bitcoin (BTC). '" https://cointelegraph.com/news/users-panic-after-coinbase-mistakenly-sends-2fa-reset-notices-to-customers Ethereum experienced a chain split due a number of network validators, also called nodes, failing to upgrade their software. On Aug. 24, the developer team behind the popular Ethereum software client Geth released an emergency hotfix to a security vulnerability in its code that would have prevented certain users from producing blocks. The Go Ethereum team had disclosed a vulnerability on Aug. 18, saying they would release a patch, but did not specify the exact nature of the vulnerability in an effort to prevent an attack: 'œThe exact attack vector will be provided at a later date to give node operators and dependent downstream projects time to update their nodes and software,' wrote Ethereum team lead Pƒter Szilƒgyi in Aug. 24 GitHub patch notes. However, it would seem some users identified the exploit that was hotfixed by the Geth team and are currently exploiting older versions of the Geth software. Though the Geth team emphasized that all users should upgrade their software immediately, only about 30% of users upgraded to the latest version, according to data from ethernodes.org. As background, Geth is the most relied-upon software to connect to the Ethereum blockchain, being run by roughly 75% of the users. This is not the first time Ethereum has experienced a chain split due to users running outdated versions of Geth. In November, the Ethereum network saw a similar disturbance after users failed to upgrade to the latest Geth release, version 1.10.X. At the time, Geth developers said the event was due to a lack of communication about the urgency of the upgrade. '" https://www.coindesk.com/tech/2021/08/27/ethereum-faces-chain-split-as-node-operators-fail-to-update-geth-hotfix/ Hundreds of protesters took to the streets of El Salvador to raise their voices against President Nayib Bukele's decision to make Bitcoin (CRYPTO: BTC) legal tender. What Happened: On Sept 7, Bukele will introduce the much-debated Bitcoin Law in the country. According to the text of this Law, all economic agents must accept Bitcoin along with the dollar as a means of payment. Bukele says that the Bitcoin Law will benefit the people and save close to $400 million in remittance commissions. In addition, it will guarantee instant and more secure financial transactions. But the people of El Salvador are not entirely convinced with it. Hundreds of proteste