Episode 7: FUD vs Education

News Latest Attacks on Bitcoin Energy FUD Proof of stake proponents attack Bitcoin's energy usage (https://www.theverge.com/2022/3/29/22999715/climate-change-bitcoin-drop-energy-hungry-software-code-proof-of-work) to justify the existence of their own centralized, self-serving projects Research on bitcoin's energy impact (https://uploads-ssl.webflow.com/61d2416d1d63f07ecbfd010c/61e73cb0ac05f32ed010668a_Key%20Facts%20on%20Bitcoin%20%26%20the%20Environment-03%20(1)%20(1)%20(1)%20(1).pdf) suggests the energy concerns are not credible Claims that bicoin wastes energy (https://uploads-ssl.webflow.com/61d2416d1d63f07ecbfd010c/61e06fd0387be5288a07d9d6_Climate%20Organizaions%20Crypto%20Letter-01-13-01.pdf) are easily dismissed with data #### Attack on Self-Custody EU seems to be planning to ban crypto self-custody (https://www.europarl.europa.eu/doceo/document/CJ12-PR-704888_EN.pdf) It's so bad even Brian Armstrong of Coinbase doesn't like it (https://cointelegraph.com/news/crypto-industry-pushes-back-after-eu-vote-to-block-unhosted-wallets) 5a. In the case of a transfer of crypto- assets to an unhosted wallet, the crypto- asset service provider of the originator or other obliged entity shall obtain and retain the information referred to in paragraphs 1 and 2 from its customer, where available, and make such information available to competent authorities upon request Confusingly Democrats propose bill to create private ecash (https://www.theregister.com/2022/03/28/us_digital_dollar/) instead of a CBD And it's Rohan Grey again Bitcoin Education Take Gary Genslers MIT blockchain class (https://ocw.mit.edu/courses/15-s12-blockchain-and-money-fall-2018/resources/session-24-conclusion/) and become an expert Interesting to learn what the head of the SEC thinks about BTC Very bullish on permissioned blockchains - wrong on that The bitcoin whitepaper (https://bitcoin.org/bitcoin.pdf) is a surprisingly accessible read. Check it out! the bitcoin dad on how to dismiss 99% of altcoins without remorse Understand the BTC vs ETH blockchain size (https://blog.bitmex.com/bitcoin-vs-ethereum-blockchain-size/) as a mental shortcut to understanding most altcoins (and why they don't work) Even Vitalik thinks ETH doesn't really work (https://vitalik.ca/general/2022/03/29/road.html) Feedback Remember to get in touch bitcoindadpod@protonmail.com or @bitcoindadpod on twitter Jupiter Extras: March Boost Battle (https://extras.show/84) Corrections None today! Outro Podcasting 2.0 to support an indepenent podcasting ecosystem (https://podcastindex.org/) Sponsors and Acknowledgements Music by Lesfm from Pixabay Self Hosted Show (https://selfhosted.show/) courtesy of Jupiter Broadcasting (https://www.jupiterbroadcasting.com/)