Satoshi's Plebs

A recent study has voiced the opinion that reversible transactions on a blockchain are a good idea as a way to combat hacking. Unfortunately, this is a simplistic worldview. The reality is that being able to roll back blockchain activity has unintended side effects that end up harming people not even involved in the hack. Let's discuss! News and Links https://www.bloomberg.com/news/articles/2022-1...

For years I have held the thesis that there would be some point in time when the game of fiat currencies backed by "faith and trust" in government would fall like a badly built house of cards. With the kickoff the of global pandemic and subsequent governmental reactions (including accelerating national debt levels) I reasoned that the time of reckoning was drawing nearer. With the beginnings of th...

The macro environments (inflation, world events, basic commodities and energy, as well as stocks, bonds etc) definitely affect crypto currency pricing. I discuss how these unprecedented times are keeping crypto a "risk on" asset and what it will take to decouple from these traditional financial markets. News and Links Belgium to Shut Down a Nuclear Reactor Github "unbans" Tornado Cash Mixer Podcas...

It's important when investing in cryptocurrencies to understand some of the basic math behind tokens - often called "tokenomics". In this episode we look at bitcoin's total market cap and what it would take to have bitcoin worth REALLY large amounts as well as discuss what the debt to GDP ratio means and what potentially could happen as a number of sovereign nations are at historically high debt t...

The culmination of years of work is occurring tonight with the "merge". The move from Proof of Work to Proof of Stake by the Ethereum developers will shape Ethereum's future in ways that are probably not even known currently. Join the podcast as I cover the background of the merge, the development that will be occurring after the merge and even some "live" commentary during the actually merge itse...

The Hive blockchain has been around for quite a while and I have never discussed it on the GWC podcast. It's not a chain that I know a lot about, but what I do know is intriguing. Recently I contacted Brian of London about coming on the show and he was gracious enough to do so. We had a great conversation about Hive in general and his work developing Podping and the V4V app. News and Links Hive Hi...

Bitcoin miners want the cheapest source of electricity to mine bitcoin. Many climate change activist attempt to make an argument that bitcoin is bad because it uses so much energy. How can we resolve this? On today's episode I dive into innovative ways that Bitcoin can be mined that help the system instead of just "generating more load". Ways of creating and consuming electricity that only benefit...

Any blockchain project has three primary issues to balance - security, speed and decentralization. No project can provide perfectly all three components at the "layer one" blockchain. The compromises made are what determine the characteristics of the blockchain. Understanding the challenges and tradeoffs will allow you to make better long term choices in your crypto assets. News and Links German P...

What is the best way to keep your assets safe? You don't have to depend on any company, defi product or person to manage your assets. You can control your coin and keys. It is the ultimate solution to keeping your future safe. News and Links https://www.theverge.com/2022/4/6/23013420/jack-dorsey-block-hardware-crypto-wallet-bitcoin-rock-preview Podcasting 2.0 Apps available at http://newpodcastapp...

What rights do you have to financial privacy? This week's news of the arrest of the creator of the Tornado Cash anonymizing dapp sent shockwaves through the industry. Regardless of what happens with TC this will ultimately affect everyone. The United States has very clear foundational rights about privacy and in my opinion those rights are being shredded with Tornado Cash being the latest example....

Today's episode covers the news of the week, as well as a market update and how you can become a whale supporting the GWwC podcast through value for value. Support Levels for GWwC humpback whale 5,000,000 sats     whale           3,500,000  sats                   s...

Are we still in a bear market? A bull market? Let's analyze what's going on.. News and Links https://cointelegraph.com/news/ticketmaster-scouts-productization-of-enterprise-nfts-beyond-ticketing 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 @M...

How can you invest enough to buy one bitcoin? The math is pretty simple when you break it down for DCA investing. In this week's episode I look at the really simple math behind what you would need to buy one bitcoin in a specified time period. Want to accumulate a bitcoin in the next ten years? Take a listen and find out what it takes! News and Links https://www.pymnts.com/cryptocurrency/2022/toda...

There is a lot of FUD about Bitcoin being bad for the environment. What is the truth? Should we be "mining" Bitcoin? Let's take a look at some of the current ways that Bitcoin is being mined and the extremely clever ways that Bitcoin mining operations are using "stranded" energy in the form of natural gas and methane to mine bitcoin. News and Links https://www.nature.com/articles/d41586-018-07283-...

This episode I complete the discussion of the CFA and how France uses it to control the monetary policies of the fourteen member countries. This include devaluation of the CFA (multiple times) as well as policies used to tilt import/exports into the favor of France. News and Links https://www.nytimes.com/1994/02/23/world/french-devaluation-of-african-currency-brings-wide-unrest.html https://en.wik...

Time to dust off the history books. France, along with other European nations, has a long history of involvement with Africa. Much of this history is based on exploitation of both the natural resources and the people of Africa. The direct French involvement did not end in many of these countries until 1960. This history, and the subsequent treaties established during independence of the African na...

Today is Independence Day in the United States. Over 200 years ago a document was signed declaring that the colonists where declaring their freedom from the British Empire. Maybe it's time we declare our own independence day from fiat and the Federal Reserve. News and Links https://finance.yahoo.com/news/voyager-digital-provides-market-184400883.html https://cryptopotato.com/3ac-files-for-bankrupt...

Monero is blockchain and token dedicated to privacy. While I would not recommend it as an investment, it may have utility as a way to transact with other people while providing privacy in a digital universe. In this episode I provide a brief overview of Monero, where it might fit into your digital assets and even cover a bit of how to mine for this privacy focused coin. News and Links https://www....

There are at least 87 countries considering digital currencies. There are already nine countries who have official CBDCs (Central Bank Digital Currencies). What does this mean for the average user and how will these CBDC tokens compare to Bitcoin in utility? News and Links https://www.coindesk.com/business/2022/06/24/goldman-sachs-raising-funds-to-buy-celsius-assets-sources/ https://coingape.com/...

Are we heading for hyperinflation? It's possible. I believe the next year will determine what level of recession/depression that we experience. It is certainly possible that the US dollar becomes so destabilized that it both loses status as a world reserve currency and it hyper inflates. Is there anything you can do to prepare? News and Links http://thirdparadigm.org/doc/45060880-When-Money-Dies.p...

Has the market reached the bottom? I don't know. Really no one knows. Maybe..maybe not. How do you prepare for that? There is a way! I'll cover how to prepare as well this week's news and notes. News and Links https://blog.celsius.network/a-note-to-the-celsius-community-e5af1f5a7998 https://www.coindesk.com/tech/2022/06/19/solana-defi-platform-votes-to-control-whale-account-in-bid-to-avoid-liquida...

News and Notes https://blog.celsius.network/a-memo-to-the-celsius-community-59532a06ecc6 https://thehill.com/policy/finance/3521094-crypto-firms-celsius-binance-halt-withdrawals-as-bitcoin-plummets/ https://www.protocol.com/bulletins/crypto-firm-celsius-stops-withdrawals https://www.wsj.com/articles/crypto-lender-celsius-hires-restructuring-lawyers-after-account-freeze-11655250575?mod=markets_lead...

Is it possible to create a legal framework that not only protects your bitcoin but allows it to grow in value? I believe so and on today's podcast I discuss how we can do that. News and Links Stacker News Post https://stacker.news/items/35089 https://bitcoinist.com/exploited-bayc-discord-admin-leads-to-150-eth-heist/ https://cointelegraph.com/news/gillibrand-and-lummis-state-that-most-altcoins-are...

New York State has a bill that is waiting on the Governor to sign that would ban proof of work mining. This would mean that companies would not be allowed to set up new bitcoining mining operations in the state after the bill is passed. Even with the state Assembly and Senate passing the bill, there is no guarantee it will be signed into law. The governor is now saying that the bill will need to b...

In my opinion, one of the most important events of the year will be taking place with the Ethereum 2.0 "merge". The process that will bring together the beacon chain and the main net will create a true deflationary token. It will also be moving from proof of work to proof stake. There are benefits to this this merge that should greatly increase the value of Ethereum in the future. News and Links h...