Satoshi's Plebs

Join me in a great discussion with the lead of the SeedSigner Project, a DIY hardware wallet for the masses. We dive deep into the project with our guest, @SeedSigner who brings extensive security and forensics experience and he shares the details of the wallet the project has developed. We examine the potential risks associated with the supply chain and the personal identity associated with purch...

In today's episode we cover some of the ongoing technical projects to build a better listener experience and some good news that is unfolding in the new few weeks. So let's dive in! BTC  Daily Close: $25,950.88 Block height at time of recording 805,674 News and Links Court Rules in Favor of Greyscale Bitcoin Spot ETF Podcasting 2.0 Apps Available at http://newpodcastapps.com/ and Value4Value...

This week the IRS released a draft version of a proposed new regulation. Of course this immediately created an uproar. In this episode we will discuss how this regulation might affect the US landscape as well as how other countries are (and might) proceed with digital asset regulation. Weekly Close BTC August the 27rd: $26,069.41 Block Height at time of recording: 805,094 News and Links India Buys...

The bad news with the Argentine economy has a long history. This episode explores the back story to the current situation. Where can Argentina go from here? How are people coping? What (if anything) is being done to create a better future? Daily Close BTC August the 23rd: $26,431.80 Block Height at time of recording: 804,597 News and Links Tornado Cash Developers Arrested Russia Makes Call for BRI...

The bad news with the Argentine economy has a long history. This episode explores the back story to the current situation. Where can Argentina go from here? How are people coping? What (if anything) is being done to create a better future? Weekly Close BTC August the 20th: $26,189.18 Block Height at time of recording: 804,089 News and Links How Money Printing Destroyed Argentina The Argentina "Blu...

Changes are afoot at Generation Bitcoin. This week's episode cover our new schedule, a bit of a health scare for your beloved host, and a potential new project for next year. News and notes, as well shoutouts to the supporters. Weekly Close BTC August the 13th: $29,282.91 Block Height at time of recording: 803,546 BTC Price at time of recording: $28,571 News and Links Argentinian Money Printing Pa...

The fiat world creates many issues for both citizens and nations. Debt and inflation, censorship and financial control, a global reserve currency that creates unfair advantages among others. In this episode we explore eight ways that Bitcoin cuts the Gordian Knot created by fiat to free both the individual and potentially even nations. Weekly Close BTC July the 23rd: $29,040.88 Block Height at tim...

Being a bitcoiner can mean a number of things. In this weeks episode I explore nine different ways, plus a bonus, that you can participate in our great monetary experiment to create the world's best medium of exchange. So let's jump right in! Weekly Close BTC July the 23rd: $29,282.33 Block Height at time of recording: 800,975 News and Links https://mempool.space/ https://timechaincalendar.com/ He...

We have begun to see nation-state adoption of Bitcoin. El Salvador may have been the first, but they will not be the last to move from a fiat standard to a sound-money Bitcoin standard. This week we will explore how countries might make that leap, when they might make it and even discuss a bit of everyone's (least) favorite subject -- how will taxes work on a Bitcoin standard! Weekly Close BTC Jul...

There is a saying in Bitcoin circles - Rules not rulers. Unfortunately, this is the opposite of what we see in both countries monetary and how nation-states are even run. What does "rules not rulers" mean and why is it so important for Bitcoin? Let's discuss! Weekly Close BTC July the 16th: $30,237.21 Block Height at time of recording: 799,018 News and Links Ruling in SEC vs  XRP Mere Mortals...

In August the BRICS nations (Brazil, Russia, India, China and South Africa) are meeting. This trading partnership has at least two items on the agenda -- supposedly forty-one countries are looking to join the BRICS league. And Russia appears to be saying that a gold backed currency will be introduced for trading. If this proves true, it could impact the use of the US dollar as a reserve currency i...

There is a silent injustice that is being perpetrated on the world. Many people don't even realize that it is happening. There are a few beneficiaries of this system but the vast majority of the world is being kept in financial bondage. This insidious problem is what saps our saving's value and means that by the time someone is ready to pass on their wealth there is nothing substantial after a lif...

How do we get to the point where "everything is based on bitcoin"? People talk about Bitcoin hyperbitcoinization all the time on crypto twitter. But what does it take to get there? What happens to get to the point where everything is valued in sats and Bitcoin is the medium of exchange between people, governments and countries. Is it possible that Blackrock leads the Wall Street crowd into serious...

Fedimints could be a way to continue to scale Bitcoin to meet the needs of the world. The reality is that not everyone will be able to self-custody. For those who can not - what are the solutions? While Fedimints are not fully developed but they show great promise as a way to help meet the needs of a population that is unplugging from the fiat system. Let's discuss. News and Links IMF Working on G...

As we approach the two year mark, it's time to talk about the state of the podcast. How are we doing? Where are we going? What ways can the podcast be improved and how can the listener help out? Let's discuss. News and Links Two People Charged in Mt Gox Hack Tether Investing the Volcano Energy for El Salvador Robin Hood Ending Support SEC Named Token The Inevitability of Fedcoin US Court Issues Su...

"Crypto Twitter" has been in an uproar today. The SEC (Security and Exchange Commission) has announced its intent to sue both Coinbase and Binance. These court cases will probably decide the future of "crypto". It's important to understand what is going .. the timeframe for action (by the SEC) and how it might affect you and your investments. News and Links Why Bitcoin Isn't a Security SEC Sues Bi...

The crypto community is quick to tout #wagmi -- We are all going to make it. Bear markets don't matter! The latest grift doesn't matter! The latest exploit doesn't matter!! WAGMI forever!!! I have bad news ... no .. we aren't all going to make. But there are ways of helping to insure that you do make it. Let's talk about it. News and Links https://web3isgoinggreat.com/ https://cointelegraph.com/ne...

We all know the Bitcoin Blockchain is open. Being open provides a number of benefits. But is being an open blockchain a direct contradiction to privacy? Is privacy more important? Let's talk about it. News and Links Germany Officially Enters Recession Strike Expands to 65 Countries (and Moves to El Salvador) Ledger Hardware Wallet Issue EU Requiring Identification for All Crypto Purchases Weekly C...

News and Links Block Height at Time of Recording: 789,468 Podcasting 2.0 Apps Available at http://newpodcastapps.com/ and Value4Value information page available here:  https://value4value.info/ I can be reached by email at mcintosh@gen-btc.com and on twitter at @McIntoshFinTech. My mastodon handle is @mcintosh@podcastindex.social. I'm also on matrix at @mcintosh1775:matrix.org. Looking f...

We know (and have seen) that having our bitcoin on centralized exchanges like Coinbase and Kraken is a bad idea. And in some jurisdictions it is becoming difficult to even purchase your bitcoin from these exchanges. So what is the solution? There is a group of exchanges called either "decentralized"or "peer to peer" that will always be available no matter where you live. Even though you might not...

What REALLY happens in the bitcoin mining process? How does a miner find a bitcoin block? What IS a hash? The bitcoin miners provide security for the blockchain and understanding how they work is a fundamental part of the understanding Bitcoin. So let's dig in ... News and Links The Treasury to Launch Bond Buyback Program BRICS Expanding White House Proposes Thirty Percent Tax on Electricity for B...

One of this weeks news items is that the bitcoin wallets holding less than one bitcoin ("shrimps") are actually stacking more sats than the entire output of Bitcoin Miners. That is terrific news!!!! It turns out, despite what the press might imply, we don't need corporate funding in order to keep bitcoin adoption moving. The businesses and corporation will come.. nation states will adopt bitcoin a...

News and Notes Argentina Inflation Tops 104% Argentina and Brazil - Common Currency Binance to Expand into Argentina Argentina National Security Commission to Set Requirements and Rules for Crypto Block Height at Time of Recording: 786,757 Podcasting 2.0 Apps Available at http://newpodcastapps.com/ and Value4Value information page available here:  https://value4value.info/ I can be reached by...

This week we cover the remaining reasons I personally am involved in bitcoin. Maybe some of them will resonate with you. Determining your "why" will go a long way towards determining your future. Of course we will cover the weeks news as well. News and Notes The World Bank and Suppression of Poor Countries Sweden and Bitcoin Mining Civ Kit - Peer to Peer Market Hong Kong Banks Netting New Crypto C...

Why do I bitcoin? There are a number of reasons. Maybe some of them will resonate with you. Determining your "why" will go a long way towards determining your future. Of course we will cover the weeks news as well. News and notes China Continues to Boost Gold Reserves Bank of England Looks to Cut Rates Social Security Fund Being Depleted US Government Selling Seized Bitcoin Podcasting 2.0 Apps Ava...