Rabbit Hole Recap: Bitcoin Week of 2021.06.07

TFTC: A Bitcoin Podcast

Marty Bent

Technology

4.8 • 764 Ratings

🗓️ 11 June 2021

⏱️ 156 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

This week Marty and Matt discuss:

- El Salvador declares bitcoin legal tender

- Legal tender move pissed off IMF

- VOLCANO MINING

- DOJ seizes 63.7 bitcoin connected to Colonial Pipeline ransomware attack

- Global bank regulators propose burdensome bitcoin capital rule

- White House advisor disclosures million dollar bitcoin position

- Blockstream and Square announce solar mining initiative

- Square announces $5M bitcoin endowment

- Rumors that Indian Government will be more positive toward bitcoin going forward

- Bitmex extends Gleb Naumenko grant

- Microstrategy announces new private offering

- Bitfinex invests in HodlHodl

- Ledger raises $380 million

- FBI ran an encrypted phone network 'Anom' with a backdoor

- Apple announces new 'private relay' trust minimized VPN

Shoutout to this week's sponsors.

Cash App. Start #stackingsats today. Use the promo code: "stackingsats" to receive $10 and contribute $10 to OWLS Lacrosse when you download the app.

Unchained Capital. Check out their white glove vault concierge service that will take you from zero to secure multisig setup in no time. Use the code TFTC and receive $50 off that package that includes 2 Trezor Model Ts and $1,000 in your vault.

HodlHodl. Lend at Hodl Hodl is a new non-custodial bitcoin backed lending platform, that allows peer to peer lending and borrowing between users, globally, anonymously & on your own terms. Create you offers & set your own terms on lend.hodlhodl.com

Braiins. Braiins are leaders in the mining industry; running Slush Pool, creating firmware to make miners more profitable (Braiins OS+), and building out Stratum V2 to help further decentralize mining and make Bitcoin more robust. Check out their mining profitability calculator.

Transcript

Click on a timestamp to play from that location

0:00.0	So, freaks, it's your boy Marty Bent with the sirens going off in the background.
0:03.5	Got the IMF head in my way, as I called them out too hard.
0:06.6	In this rip with Matt O'Dell, first rip since the live Miami show.
0:11.5	A lot has gone on since that show and this one.
0:17.4	Bitcoin has entered the geopolitical realm.
0:20.1	It was already there, but it has really made itself. It was already there, but it has really made itself.
0:23.5	It was already there, but now we have a nation state officially accepting Bitcoin as legal tender,
0:29.3	or recognizing Bitcoin as legal tender. It will be interesting to see who falls after El Salvador.
0:34.9	As you can tell, we talk about this at length within the episode.
0:39.3	Without further ado, let me get to the sponsors.
0:41.9	Brought to you by friends at the motherfucking cash up.
0:46.8	Cash up.
0:47.4	Help me stack sets, send, sats, receive sats, sell sats.
0:49.7	If you so, please.
0:50.8	We're saying sats, sets, sets, sets, sets, SAT, SAT, SAT, SAT, SATs.
0:55.0	Sat, SATs, SATs.
0:56.0	Because SATs are the standard.
0:57.0	You're not buying a whole Bitcoin, a fraction of a Bitcoin.
1:00.0	You're stacking whole sats instead.
1:02.0	You can buy as little as $1 on the cash app.
1:04.0	You can DCA into Sats by daily, weekly, biweekly,
1:08.0	biweekly, Matt O'Dell every two weeks.
	...

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