Episode 11: Side Talk Spectacular

News Crypto schadenfreude: yes, most DAOs are just a convenient structure for scamming (https://www.coindesk.com/business/2022/04/14/olympusdao-co-founder-doxxed-lawsuit-claims-to-unmask-apollo/) Turkey bans cryptocurrency (https://www.bloomberg.com/news/articles/2021-04-16/turkey-bans-cryptocurrency-payments-saying-risks-are-too-great) for transactions Matt Levine's breakdown of the Terra-Luna (https://www.bloomberg.com/opinion/articles/2022-04-19/the-stability-of-algorithmic-stablecoins) peg and Ponzinomic strategy Last year he broke down the IRON-TITAN stablecoin failure (https://www.bloomberg.com/opinion/articles/2021-06-17/titanium-got-crushed?sref=1kJVNqnU) which is illuminating as to the weaknesses of a two coin system IMF's Global Financial Stability Report (https://bitcoinmagazine.com/markets/imf-publishes-global-financial-stability-report-discussing-bitcoin?utm_source=Bitcoin+Magazine&utm_campaign=6197e3f14c-&utm_medium=email&utm_term=0_f7d45fbb67-6197e3f14c-357178061&mc_cid=6197e3f14c&mc_eid=c067dcb913) is almost an add for bitcoin Ukraine's Central Bank Bans Crypto Purchases in Local Currency (https://www.coindesk.com/policy/2022/04/22/ukraines-central-bank-bans-crypto-purchases-in-local-currency/) Israel Adds Yuan to $206 Billion Reserves in ‘Philosophy’ Change (https://www.bloomberg.com/news/articles/2022-04-20/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 (https://lightning.engineering/posts/2022-4-5-taro-launch/) 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 bitcoindadpod@protonmail.com or @bitcoindadpod on twitter stacker news (https://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 (https://podcastindex.org/) The Fountain (https://www.fountain.fm/) podcast app Sponsors and Acknowledgements Music by Lesfm from Pixabay Self Hosted Show (https://selfhosted.show/) courtesy of Jupiter Broadcasting (https://www.jupiterbroadcasting.com/)