damonbation

[damonbation]

Our DIY Heat Pump Install – Free Heating and Cooling for Life?

A work of art.

To most of the Internet, Mr. Money Mustache is known as the quirky early retirement financial guy, and this is a blog about Money.

But really, I’m not a finance guy – someone who devotes most of his time to optimizing money. I’m more of a general Life Engineer – someone who tries to optimize everything that is fun and interesting in life, and money is just one of those things.

Optimizing means getting the most good out of something – whether it is money, time, health or happiness, while minimizing waste. This is what allows us to make win/win decisions (for example things that make you richer and healthier and happier), rather than win/lose compromises (giving up something you actually like, just to save or earn more money)

One of these win/win things for me has always been optimizing my own houses and buildings to be more comfortable and stylish, while costing less to own and maintain and heat and cool. After all, out of all possible decisions, your choice of home may have the biggest effect on both your financial and emotional wellbeing. Get a reasonable house that is close to your friends and your work, and you’re off to a great start.

 So anyway, this past summer all my favorite factors of optimizing, learning, effort, saving shit-tons of money and reducing loads of waste and pollution came together in the form of a DIY Heat Pump Installation on our commercial building downtown, the home of MMM HQ Coworking.

Why Are Heat Pumps Super Exciting?

Heat pumps are a technology that has recently jumped into prime time and are about to change everything about houses, just as the iPhone did to the tech industry about twelve years ago and just like electric cars are doing to transportation right now. The reason is that they have these fundamental advantages:

Heat pumps do the double-duty of heating and cooling any building way better than our existing systems do, but with only one machine.

They are super easy to install, and way cheaper to run. They also allow houses and buildings to be constructed more cheaply (less materials and labor).

They eliminate a big part of the world’s pollution that is caused by burning oil or gas for heat (as long as you get your electricity from clean sources).

And yes, nowadays they work in virtually all climates (down to -20F / -29C): tech improvements have shattered the old limitation where they only worked in places without a real winter. 

How Does a Heat Pump Magically Suck Heat Out of Cold Air? 

Heat pumps save money and energy because they aren’t generating heat directly like an old electric baseboard heater. They are mostly just  moving heat around – from inside to outside in the summer, and from outside to inside in winter. 

To many people, that second situation sounds like magic, but that’s just because of our skewed perception as human beings – a creature that evolved in the warm tropics of the planet Earth. Really, there is plenty of heat even in winter air – if you view it from the Eyes of Physics:

Every spot on our life-nourishing Earth has loads of heat energy (Kelvins), which means it’s easy to harvest some of it.

So, a modern heat pump can easily suck loads of heat even out of air that feels cold to your skin. It does it like this:

Summer vs. Winter modes of a heat pump. The key to everything – fridges, A/Cs and heat pumps – is that the refrigerant gas gives off heat (gets hot) when you compress it, and absorbs heat (gets cold) when you expand it.

You know what else does this exact same trick? Your own FREEZER! Those things typically maintain an inside temperature of about -10F, which means that somehow it is sucking heat out of the air even at sub-zero temperatures, pumping it out to the coils underneath with a fan blowing past them. And if you put your hand there to feel that airflow, what do you feel? Warmth! 

Show Me The Money

Here’s our gas bill history – Yuck! Most significant is the fact that the monthly fee-for-nothing ALONE had risen to $40. $480 per year before you even get any heat out of it!

Before we get into the real details, check out the quick numbers for the heat pump I just installed. Note that I live in Colorado, which has lots of heat and a moderate amount of cold – right about what you’d expect from our position halfway between Maine and California.

Cost of the system including all install materials: About $4500

My building’s previous annual gas bill: $951

Our new annual electric bill for heating and cooling (estimated): $275

Annual savings: $676

Annual return on investment (ROI) rate: 15%

.

Even better: That $275 annual figure for our electricity consumption is what we would have paid, if we had to buy all our electricity off the grid at 10 cents per kWh. But since we generate a surplus of power from our DIY solar array, our net cost is much less than that.

You could even say that all of our heating and cooling is “free” on an ongoing basis, although we did spend $5000 to build the 5.5 kW solar setup in the first place.

So Is A Heat Pump Really a Do-It-Yourself Project?

Our installation team celebrates at the end of a successful project. To be fair, Mr. 1500 and I are both pretty experienced tradesmen, but this felt like a relatively easy project to us.

In a word: Yes, if you are a fairly competent do-it-yourselfer, and you choose a DIY-friendly heat pump kit. It is considerably easier than installing a gas furnace or a metal roof, but not as easy as putting together IKEA furniture. 

Our first install took about 16 person-hours of work for the main job (two people working a full day). Plus I spent about another sixteen dusty hours upgrading the duct work and building custom metal shapes to route the air because our coworking building was so old that the original asbestos-and-mouse-shit ducts were just not worth keeping.

Hmm.. Okay yeah I think I’ll go ahead and replace these ducts.

The value of doing it yourself is that furnace work is one of the biggest returns on your time as a homeowner. Where I live, even a gas furnace + air conditioner replacement can cost $10,000. And although a heat pump hardware only costs about the same amount as conventional furnace+AC ($4000), the companies like to charge more for the newer stuff (or even worse, try to convince you that you’re stupid for even asking about it!).

In other words, even conservatively speaking, for a basic installation you are saving about $6000 in exchange for doing that 16 hours of work, which amounts to a solid $375 per hour.

But Wait! Don’t forget about Rebates!

Even if you’re not a tinkerer, there are some good programs out there that will help subsidize the cost of an upgrade like this. The US EPA offers federal tax credits for lots of things including heat pumps, and local agencies have their own programs – for example neighboring Fort Collins will chip in $2200 towards a unit like ours, which could cover most of the cost of a professional installation!

.

So if you are ready to upgrade to a heat pump, you either need an honest HVAC company who will install a reasonably-priced machine for you and charge you a reasonable hourly rate. Or, you need to flex your Money Mustache Muscles on the project and do it yourself.

Of course, I chose the latter approach as always, so let’s get into the details of or install!

Step One: Pick a Heat Pump

There are two things you’re looking for here: physical size and heat output. 

The size and shape of indoor portion (the air handler) of the new system have to be similar to your old furnace, or you need to have a plan for how to adapt the new one to blow into your old pipes. As you’ll see below, I chose to do the adapting.

As for the heat output, old furnace was a “100,000 BTU” unit, which is a measure of the amount of natural gas it can suck in and burn each hour. Since it was only about 75% efficient, the heat output was about 75,000 BTU (the real units here are the archaic “British Thermal Units Per Hour”, but all you really need to know is that this is still more than enough to keep our leaky, sprawling 2400 square foot brick building warm easily through even the coldest winters.)

In the most extreme situation (for us this would be a 24-hour period where the temperature is barely above 0F, and it typically does happen at least once every few years), I measured that our old furnace was running for about 8 hours per day, which means our average heat loss was about 25,000 BTU on a continuous basis (75k multiplied by ⅓ of the total hours in a day)

On the cooling side, we had virtually no air conditioning. Just a few crappy portable units scattered throughout the building, with a total combined cooling power of about 20,000 BTU. This wasn’t quite enough to beat the heat in the event of a fully occupied building on a 100F day.

The solution for me was thus pretty simple: the biggest Mr. Cool “Universal” combined heat/cool system, which I started conveniently seeing Google ads for everywhere once I started my research. This beauty is good for about 60,000 BTU of both heating and cooling, which could also be expressed in the even more archaic form of “5 tons”

So I bought the circled option above. In my case, I placed the order through Home Depot website, with the free “ship to store” option, but you could also try your local Lowe’s, Alpine Home Air is good, and Ingrams now sells this unit (including the required 25 ft lineset) through Amazon.

Step Two: Remove your old furnace

This part was pretty easy – except carrying this old block of iron out of the basement.

Safety tip: Make sure you turn off both the gas and electric supply to your furnace before messing with it, as well as opening some windows and running a fan to clear out any remnants of gas as you disconnect pipes.

But once you have it safely disabled, it is as simple as carefully un-wrenching, unscrewing, and cutting away parts of the old furnace (while carefully preserving your existing ductwork) until you have the old one fully removed. You can sell or give it away on Craigslist, or drop off for free at a metal recycling facility. 

Farewell old furnace, may your steel find a fun new life somewhere else.

Step Two: adapt the ductwork as needed

Top Left: an output air adapter box I made to channel the air out to the right places. Right: A prefab filter/input box I bought off of my neighbor (who is also a builder). Bottom: You can see where the two things fit into place along with the horizontally installed heat pump air handler.

If you’re lucky (the old furnace and new heat pump are almost the same size), this step will be easy. You just connect the return ductwork to the bottom of the machine, and the supply ducts to the top. However, I was not lucky.

Because our basement ceiling is so low, I had to install the heat pump horizontally (it is designed to allow this), and then build some adapters to allow the air to flow the way I needed. On top of that, most of our ducts were falling apart and poorly shaped and useless – so I repaired or replaced a bunch of them while I was in the process. This took a lot of work, but my biggest allies were a huge roll of wide, reinforced silver tape, and simple sheet metal tools like shears, angle grinder, self-piercing screws, a good breathing mask, headlamp and work gloves.

Here’s yet another adapter I made to channel some of the air supply. The curvy box below was salvaged from the old ductwork, but I added the end cap and two 7″ air outputs to break this stream of air off to serve two different parts of the building.

Step Three: Fit in the new heat pump

Duct fitting in progress. Okay, I admit this is looking a bit patchy, but it works great! Work like this is a tradeoff between time, cost, and beauty. Since this is in an old building that is probably going to be demolished and replaced with a luxury mixed-use apartment complex when we sell it, I try to keep things functional but simple. In a high-end, permanent house, you’d take more time to make the ducts pretty.

Aside from the fact that the thing is heavy (ours was around 250 pounds), this connection is surprisingly easy once you have the ducts ready. You just screw and seal the sheet metal boxes to the bottom and the top of the heat pump. And at this point, you should be getting excited because the end is in sight.

Step Four: Place the Outdoor Unit Where You Want It

Since the outdoor unit is another 300 pounds, you’ll want a high quality dolly and some ratcheting straps, as well as a strong friend nearby to help you wrangle it into place. Your goal is to put this thing somewhere beside your house that is out of the way, but also close to wherever you just put the air handler in the basement. Then you need a lineset that is long enough to connect them together – and shorter is generally better for both cost and performance reasons (we used a 35 footer). 

We put our condenser on a couple of sturdy, level concrete pads.

Step Five: Run the Lineset

You need about a 4″ hole in your house in order to feed through the insulated lineset. Since our building is made of brick, I needed this crazy masonry core bit – hopefully yours is easier! NOTE: this is an in-progress pic, later I covered these lines with a protective steel box.

The lineset is a pair of flexible copper tubes that are wrapped in insulation. They are bulky, so even our 35-foot set came in a BIG roll the size of a big-screen television box. You need to carefully unroll and straighten it, and feed it in through a roughly 4” hole you drill in the side of your house so you can connect the condenser outside to the air handler unit inside. 

We had the added challenge of having to punch through an eight-inch-thick BRICK WALL, so I had to spend some good workout time wrestling with this massive concrete core driller, mounted to a high-torque low speed drill.

Wrenching on the lineset before releasing the gas (and then testing for leaks). There are just two nuts at each side of the line.

Once the lineset is in position, the connection is refreshingly easy: you carefully follow the instructions to tighten on the right nuts with a wrench, open some valves with an alan key, and you will hear the refreshing PSSSSssssssshhhhh as the refrigerant is released into the system. (This is the part that an HVAC technician would normally have to do, Mr. Cool gets around the issue by using special valves and having pre-charged linesets. More expensive, but very much worth it for the time and labor savings!)

Final Step: Run the Electrical Wires

Drilling a hole for the electrical wire (which we ran in a conduit, the new 40-amp breaker, inside unit wiring including thermostat, Carl celebrates completion of the outdoor unit wiring.

This will vary depending on the system, but ours called for the following wiring, which I subcontracted out to my partner Mr. 1500:

A 40 amp / 240 volt circuit to the outdoor unit (which simply means running a length of 8 gauge wire and adding a 40 amp breaker to the box).

A 20 amp / 240 volt circuit to the main unit

Standard six conductor thermostat wire between indoor and outdoor units

And finally, a run of the same thermostat wire between the indoor unit and your thermostat. We took the opportunity to upgrade to the super-lovely Ecobee Lite smart wifi thermostat, which I now use (and love) in all my projects.

The Victory Lap: Fire It Up!

It’s Alive!

We cranked through all of these steps carefully and then flipped on the breakers with great fanfare: SUCCESS! – The Ecobee lit up and started guiding us through its setup screens. Once complete, we slid the desired temperature way down in hopes of experiencing some much-needed Air Conditioning on this hot July day.

And nothing happened. We ran out to the outdoor unit and found it was just sitting there, with LEDs illuminated but nothing else happening.

We both started sweating bullets. Had we made a foolish mistake and bought a faulty unit? Did we screw something up in the install?

Nope – it turns out there is simply a three-minute delay between that first activation and the time Mr. Cool starts his cooling. Very slowly and with great grace, the big fan blades began to rotate, graaaaadually speeding up, with the hum of the compressor so quiet in the background that I had to press my ear up to the thing just to verify that it was really working.

But boy was it ever working – we ran inside and found that that icy cold air was just blasting out of each of the seven large vents spread throughout our building, and baking hot air was now shooting out of the outdoor unit. We had instantly beat the summer heat and everybody inside raised a cheer to this new luxury.

Epilogue, Three Months Later: How Well Does It Work?

A scene from The Extraordinary Event, a weekend-long set of talks and classes featuring Rebel Business School founders Alan and Katie Donogan. Videos coming soon on my Youtube Channel!

Throughout the rest of the summer, we have had a lot of fun putting this system through its paces, and it has proven itself to be an incredible cooling machine. We had several events with over fifty hot bodies packed in for some of our entrepreneurship and social gatherings while outdoor temperatures were in the 90s – and we were able to maintain comfort effortlessly.

The next test will of course be the winter. Here in early October, we have just turned the corner where the building has required just a bit of heat to start some mornings. With a few taps on the Ecobee phone app, I was able to flip the system over to heating mode and give it a whirl. It worked great – heating the building quickly and quietly.

But I’ll update this article over time as we move through cooler seasons. I expect it to continue to perform just great – but it will be fun to verify and reassuring to skeptics out there once we see it with our own eyes.

Extra Cool Detail: How Much Electricity Does It Use?

Screenshots from the Emporia energy tracker app

Of course, being MMM I was not content to just sit back and soak in the cool breeze of accomplishment just yet. I needed one final bit of data – a record of just how much energy this heat pump was sucking down in both heating and cooling modes, so we can get a better estimate of how much money it is saving us over the years. 

So I installed a system called the Emporia Energy Monitor into the circuit panel, which is currently the best value on the market for such a well-designed gadget. This allows me to track and record the full details of the energy flow – through every circuit in the house if I choose to do so. For now, I just have it watching over the heat pump.

What I found is that in cooling mode, the Mr. Cool uses about 2600 watts on an ongoing basis (about the same as two large window air conditioners), which translates to 26 cents per hour of electricity. On the hottest days with the most people, I found the system ran about six hours, meaning our peak electricity use was only about $1.50 per day!

To me, this was pretty remarkable – this was a 95 degree day with 50 people in the building, roughly equivalent to trying to cool a mid-sized restaurant in Texas. Yet even if we repeated this extreme situation every day, we’d rack up an air conditioning bill of only about $45.00 per month!

I found that the heating mode was a bit more thirsty, with consumption at 4000 watts, or 40 cents per hour. Based on my earlier estimates of heat loss on the coldest possible days, we could be in for about 18 hours of runtime per day, which would be $7.20 of electricity. So, if the Headquarters were moved to an extremely cold climate and plunged into neverending 0F / -18C conditions for an entire month (which would make it colder than Duluth Minnesota or Ottawa Canada), we’d still face a heating bill no higher than $210 for the month. But in more realistic conditions for Colorado, we would expect about half of that level of energy consumption. And of course this is only for the month or two of our short cold season. For the rest of the year, heating is even easier.

Conclusion: Heat Pumps Are The Bomb

So there you have it: we dreamed about it for years, finally did it, and I could not be happier. It is such a joy to not even have an account with the gas company, and to know that this part of our expenses will be zero, forever.

And of course it’s even better to know that even the electricity cost numbers in this article are just for your own comparison – in reality, we make more than enough solar electricity run this whole thing for free just from the pretty squares of black glass on the roof. Free heating and cooling for life, with no pollution (with free operation of our laptop computers and beer fridges, and free charging of our electric cars to boot) – This truly is the way of the future!

In The Comments: Do you have any questions about heat pumps or other home efficiency products? And if you have a heat pump of your own, what do you think of it?

from Money 101 https://www.mrmoneymustache.com/2021/10/05/diy-heat-pump/ via http://www.rssmix.com/

[damonbation]

Bitcoin Magazine Podcast - Making Panama Compatible with Bitcoin with Gabriel Silva & Felipe Echandi

Have you heard about what's happening in Panama? Hint: It has nothing to do with canals. A new bill has been presented to legalize cryptocurrency and Bitcoin, and we are joined by two important figures in this developing story to learn everything we need to know. Gabriel Silva, a congressman in Panama standing behind this bill, and Felipe Echandi, entrepreneur, seeking to propel the Panamanian economy forward, join us for this fascinating conversation. Our two guests approach the topic with practical discernment and understanding, discussing the basics of crypto legalization in the country, the developing geopolitical factors, and why Panama is becoming an increasingly attractive place for foreign residents. Sharing unique insider insights, Silva and Echandi provide a comprehensive view on Panama's laws, rules around banks and legal tender, comparisons to Singapore, and more. Why this bill specifically? What reality could it espouse to bring positive change for Panama and its people? Catch it all in this exciting episode!

from Money 101 https://letstalkbitcoin.com/blog/post/bitcoin-magazine-podcast-making-panama-compatible-with-bitcoin-gabriel-silva via http://www.rssmix.com/

[damonbation]

Block Crunch - "This is the future of Ethereum scaling" - Starkware, Uri Kolodny & Eli Ben-Sasson, Ep 164

Many crypto industry titans - including Vitalik Buterin - believe ZK Rollups are the key to Ethereum's scalability. With DeFi exchange dYdX generating over $2 BILLION in daily volume on Starkware, a ZK Rollup solution, I'm excited to chat with Starkware founders about:

Why ZK-Rollups are the future vs. other Layer 2sStarkware vs. Optimism vs. Arbitrum: who wins?Can Fast Layer 1s like Solana compete with Starkware?Host: Jason Choi @mrjasonchoi . Not financial advice.

------------ Sponsors -------------

PARASWAP is the best place to trade your tokens and get the best price in DeFi today. Get started on paraswap.io/blockcrunch

SOLANA: The Solana ecosystem is growing at a rapid pace and it's a great place to build your project or get involved with the community. Go to solana.com/blockcrunch to learn more!

------------ Disclosures -------------

Disclaimer: Jason Choi is a General Partner at Spartan Capital, a subsidiary of The Spartan Group. All opinions expressed by Jason and podcast guests are solely their own opinions and do not reflect the opinion of The Spartan Group and any of its subsidiaries

from Money 101 https://letstalkbitcoin.com/blog/post/block-crunch-future-of-ethereum-scaling-starkware-uri-kolodny via http://www.rssmix.com/

[damonbation]

Unhashed Podcast - Boxer Boners and Ayahuasca

Show Notes:

On this episode of the Unhashed Podcast, we talk Solana node troubles, Evergrande instability, Robinhood crypto withdrawals, how to pronounce Erdogan's first name, and how Ryan Selkis hates when you don't buy tickets to his events.

BREAKING NEWS Friend of the show Riccardo 'œFluffy Pony' Spagni is out of Jail! Congrats Fuffy. In a tweet, Fuffy says 'œI am very pleased that the U.S. court has released me. I am actively working with my attorneys on a way to return to South Africa as soon as possible so I can address this matter and get it behind me once and for all. That's what I've always wanted to do.'

On September 14, Solana node operators are coordinating a 'œrestart' of the high-speed blockchain Tuesday in an attempt to bring the stuttering network back online. 'œThe validator community elected to coordinate a restart of the network' and is preparing a 'œnew release' that will right the frozen blockchain, according to an afternoon tweet from the Solana Foundation. In Solana's Discord server, developers distributed restart instructions at 3:21 p.m. Eastern time. The outage began early Tuesday after 'œresource exhaustion' on the network brought blockchain validation to an hours-long halt. On-chain activity froze across Solana's multibillion-dollar ecosystem of trading, staking and lending projects.A source familiar with the matter told CoinDesk that the outage 'œimpacts everything built on Solana, but the issue is the underlying [layer 1].'Tuesday's outage came amid booming interest in Solana, a network seeking to attract Wall Street usage whose token has been on fire since late August. Investors have flocked to Solana as a low-fee platform for decentralized finance (DeFi). The disruption was caused by bot trading of Grape Protocol's Tuesday token offering, founder Anatoly Yakovenko said on Twitter. It is the second time in two weeks that Solana's mainnet cluster experienced 'œinstability,' according to a Messari research note reviewed by CoinDesk. A flood of transactions pushed the network past its limits early Tuesday, Solana's status account tweeted shortly after 3 p.m. Eastern time. The activity triggered a forking that knocked multiple nodes offline. Engineers tried and failed to triage the problem, according to Solana. It's not unheard of for blockchain networks to experience service disruptions. Solana's mainnet is still in beta mode; it last experienced an outage in December, another source said. Last week's hiccup was also related to a resource exhaustion event. 'œIt's good for people to understand that Solana mainnet is still clearly in beta,' said a source building one of Solana's popular DeFi protocols interrupted by the outage. 'œI have faith in the Solana core contributors and validators to resolve this issue promptly.' Engineers were rushing to push a patch to Solana node runners, multiple sources told CoinDesk. Once it's ready and running across 66% of validators (a supermajority on the network) Solana is expected to come back online. Until then, the ecosystem with over $11 billion in total value locked (TVL) is in wait-and-see mode. Activity remains frozen at block #96538485. It is unclear what implications the Tuesday outage may have for Solana. One source in the developer community pointed out that some projects have time-sensitive operations, like liquidations and IDO launches. Those could become thorny the longer the network remains down. Colin put together a price quote sheet if you wanted to run a Solana node here: https://docs.google.com/spreadsheets/d/1rc43ZdM7ocsGmxf7VgLlXubUyVlxyrj_vZpKNiHbuZU/edit?usp=sharing

Evergrande is China's largest property developer and was up until recently one of the most valuable companies in the world. However, most analysts now believe Evergrande is on the verge of insolvency and won't be able to meet its mountainous debt obligations without direct government interventions within the next few weeks as it struggles to pay its 4 million subcontractors and is unable to finish properties it is holding deposits on from 1.5 million properties. The crunch occurred because of changes made by the CCP in August of 2020 to the amount of debt Chinese developers could take on. Evergrande was accepting deposits from buyers and was then leveraging that money to borrow more money to expand ops and grow. But with the new rule change, they lost access to the spigot of money. In China, real estate is almost the only asset people invest in, and sometimes it takes generations to save up enough money to make a down payment. Many Chinese people may not get their money back if they invested and put down payments on properties under development by Evergrande. What does this have to do with Bitcoin? Well, the fallout of that collapse is so large that it is affecting large swathes of investors the world over. As Evergrande's fallout affects debt markets, all other markets are affected, especially risky, speculative markets like Bitcoin and other cryptocurrencies. At least, that's the theory.

Robinhood is finally testing Bitcoin and crypto withdrawals, as well as a new digital hot wallet, Bloomberg reported on Monday. The update comes after the past year of broad criticism of Robinhood for, among other things, not allowing users to control their own Bitcoin private keys. The firm repeatedly hinted at enabling such features without delivering any evidence that such products were being developed. Robinhood's new hot wallet and Bitcoin and crypto transfer feature announcement also comes after a mounting demand by customers. Bloomberg reported that evidence of such features has appeared in a beta version of the trading platform's iPhone app. Rather than providing photos or other evidence of such features, Bloomberg stated that 'œThe software includes a hidden image portraying a waitlist page' for users to sign up, and attributed the discovery of said features to software developer Steve Moser.

Recep Erdogan '" the firebrand Turkish president '" has declared war on Bitcoin. In the aftermath of a sweeping ban on the use of cryptocurrencies back in April, the leader is aiming to assert financial control ahead of launching the digital Lira. While the central bank was not opposed to the utilisation of digital currency, Erdogan believes it faces conflict with cryptocurrencies. 'œWe are in a war against Bitcoin,' he said. 'œBecause we will continue on the road with our money, which is our fundamental identity in this matter.' The president commented during a national youth meeting with representatives from 81 Turkish provinces, following questions about the central bank's perceptions of cryptocurrencies. Many Turks have turned to cryptocurrency as a hedge on the volatility of the Lira in forex markets, and crypto has become a hot topic in Istanbul ahead of the proposal of new legislation aiming to regulate cryptocurrencies. Regulations will pave the way for the full implementation of the digital Lira, which Erdogan's government is aiming to launch by 2023.

From ZeroHedge, 'œChina's War Against Crypto Is Officially Ramping Up (Again). In several Chinese provinces, inspections of companies have "intensified", with an eye toward targeting illegal mining at places like colleges, research institutions and data centers, according to the report. One miner in China told Bloomberg that his operations "remain intact" because he "regularly switches to new facilities to house his equipment" which is made up of "no more than 100 machines at one location". Hebei province has asked companies for a self-compliance check to ensure they are not mining by September 30. China has said that crypto mining would 'œseriously affect economic and social development and directly threaten national security." The statement says it would "disrupt" financial order. This news follows tighter restrictions in China across the board, from ending most visa's of foreign english teachers, limiting time on tiktok to 40 minutes per day and video game playing to three hours a week among teenagers.

Self proclaimed 'œTwoBit Idiot' Ryan Selkis is running for Senate. In a tweet he stated, 'œIf you're wondering when I actually decided to run for Senate, it was when these fuckers came to my event, didn't buy a ticket, and served one of the speakers a subpoena. Enough talk. More war on our out of control regulatory state.

from Money 101 https://letstalkbitcoin.com/blog/post/unhashed-podcast-boxer-boners-ayahuasca via http://www.rssmix.com/

[damonbation]

Bitcoin Audible - Read_561 - The Village and the Strongman [Alex Gladstein]

'œSandwiched between Guatemala and Honduras, El Salvador '" the smallest and most densely populated country in Central America, with an average GDP per capita of around $3,500 '" is a most unlikely ground zero for a financial revolution.' - Alex Gladstein

Gladstein is back with the full story of Bitcoin and El Salvador. What it's like on the ground, the people it all started with, the responsibility we have as a community, & the history that gives much needed perspective to the actions of the political regime. You don't want to miss this one.

Check out the original article and tons of other incredible work by Gladstein & others at Bitcoin Magazine:

https://bitcoinmagazine.com/culture/the-polarity-of-bitcoin-in-el-salvador

Endless thanks to Bitcoin Magazine and the LTB Network for the incredible content they bring to the Bitcoin ecosystem.

Check out our amazing sponsors below that keep this show alive, and all the things made audible for your listening pleasure!

' Get sats back on everything with the Fold Card! Check them out at guyswann.com/fold for 20% off the Spin+ Card!

' And keep those sats SAFE with the BitBox02 hardware wallet. 5% off with discount code "GUY" at guyswann.com/bitbox

from Money 101 https://letstalkbitcoin.com/blog/post/bitcoin-audible-read561-the-village-and-the-strongman-alex-gladstein via http://www.rssmix.com/

[damonbation]

The Anita Posch Show - Jeff Gallas & Rootz: RaspiBlitz and the Speed of Lightning

My guests are Jeff Gallas and Rootz of Fulmo, an open source company dedicated to the research and development of the Lightning Network. They are the organizers of the Lightning Hackdays and the first Lightning Conference that took place in Berlin in 2019 and are supporters of the RaspiBlitz project, a Lightning and Bitcoin full node.

"If you run a Lightning node you're a part of replacing the VISA and Mastercard networks." - Rootz

Topics:Development of the Lightning Network and the RaspiBlitzAdoption rate of the Lightning NetworkAccessibility improvementsHow many payments will be possible on the Lightning NetworkMost exciting Lightning projectsWhy it's important to run your own nodeRaspiBlitz integrations, LND and c-lightningResources and RaspiBlitz communities Shownotes on the episode page

from Money 101 https://letstalkbitcoin.com/blog/post/anita-posch-jeff-gallas-rootz-raspiblitz-speed-of-lightning via http://www.rssmix.com/

[damonbation]

The Anita Posch Show - Adam Back: Future of Bitcoin and Blockstream

My guest is Adam Back the inventor of Hashcash, that was used as the proof-of-work method in Bitcoin. His work is cited in the Bitcoin whitepaper as well as in the Tor Browser whitepaper. Adam is a seasoned cryptographer with a PhD in computer science and distributed systems. As co-founder and CEO of Blockstream he is building the infrastructure for the internet of the future.

Topics:

Blockstream's funding and future plans

Decentralization of mining

Greenlight: Lightning nodes for everyone

how Bitcoin supports green energy

Starlink vs. Blockstream satellites

Bitcoin R & D and innovations in Altcoins

Inflation bug in Bitcoin

Simplicity: Bitcoin smart contracts

Strategies to de-risk ETFs dangers to Bitcoin

How to make more bitcoin out of your bitcoin

DeFi on Bitcoin

What Adam Back is doing in his spare time

The Future of Blockstream and Bitcoin

How Bitcoin has changed Adam Back Shownotes on the episode page

from Money 101 https://letstalkbitcoin.com/blog/post/anita-posch-adam-back-future-of-bitcoin via http://www.rssmix.com/

[damonbation]

Unhashed Podcast - How to Be More Sexy w/ Aella

On this episode of the Unhashed Podcast, Colin and Mario go off our usual content track and interview Aella Girl, notable internet personality, constructor of insightful Twitter polls, and outspoken sex worker. Aella shares with us the experience of working at OnlyFans, dealing with stigma and taboos, and we explore the intersection of sex work and cryptocurrency.

from Money 101 https://letstalkbitcoin.com/blog/post/unhashed-podcast-how-to-be-more-sexy-w-aella via http://www.rssmix.com/

[damonbation]

The Anita Posch Show - Andreas M. Antonopoulos: Lightning Unleashes Bitcoin

My guest is Andreas M. Antonopoulos one of the worlds foremost experts on Bitcoin and open blockchains. Andreas is an educator, author of five books and an excellent speaker. His new co-authored book "Mastering the Lightning Network" will be published at the end of 2021. I was especially excited to be able to speak with him in person while we both visited Berlin.

Our topics:

the state of Bitcoin in 2021

Taproot and why it's important for Bitcoin

the battle between regulators and DeFi

staircase of financial sovereignty

future of the Lightning Network

immutability of Bitcoin

what is sound money? Ethereum or Bitcoin

will he write another Altcoin book? Shownotes on the episode page

from Money 101 https://letstalkbitcoin.com/blog/post/anita-posch-lighting-unleashes-bitcoin via http://www.rssmix.com/

[damonbation]

Block Crunch - Loot: What Is It...And Why Are VCs So Excited About This NFT? - Ep. 163

Would you pay $30-$40,000 for a few lines of text against a black background?

That's precisely what buyers of Loot - the latest NFT to capture the attention of the entire crypto space - are doing.

I'm joined by early Loot adopters and crypto investors Jon Kol (@thePalenimbus) and Angie Dalton (@Daltonan).

We discuss:

Loot's origins and ties to MMORPG games"Meta-games": the new wave of crypto gaming?Will gaming studios contribute to open source games?What's next for Loot------------- Sponsors -------------

PARASWAP is the best place to trade your tokens and get the best price in DeFi today. Get started on paraswap.io/blockcrunch

SOLANA: The Solana ecosystem is growing at a rapid pace and it's a great place to build your project or get involved with the community. Go to solana.com/blockcrunch to learn more!

------------- Disclosures -------------

Musical credits: Underground Stars by Loxbeats https://spoti.fi/34tPBBO Creative Commons '" Attribution 3.0 Unported '" CC BY 3.0 Free Download / Stream: https://bit.ly/underground-stars Music promoted by Audio Library https://youtu.be/vpJDMD2EzkA Disclaimer: Jason Choi is a General Partner at Spartan Capital, a subsidiary of The Spartan Group. All opinions expressed by Jason and podcast guests are solely their own opinions and do not reflect the opinion of The Spartan Group and any of its subsidiaries

from Money 101 https://letstalkbitcoin.com/blog/post/block-crunch-nft-loot-vc via http://www.rssmix.com/

[damonbation]

Bitcoin Spaces - Bitcoin Day in El Salvador

As El Salvador announces Bitcoin as legal tender, and the world looks on in wonder at this amazing example of progress, we host a fascinating roundtable conversation on the important aspects of this news. CK, Aaron Van Wirdum, Alex Gladstein, Mike Peterson, Romero Martinez, and several others talk about the rollout, the public reception, Bukele's role, and first impressions of the Chivo Wallet. The conversation also covers some of the background leading up to this momentous time, and a few surprising experiences from our panel, including the ability to pay for a breakfast at McDonald's already! We look at challenges to wider adoption and acceptance of Bitcoin as the main currency, how integration will work with regard to enterprise business, and how the infrastructure and power grid of the country might be able to support Bitcoin mining as it scales. So, to get the latest on these hugely important shifts, and how a small country is leading the charge for the rest of the world to follow, make sure to tune in!

from Money 101 https://letstalkbitcoin.com/blog/post/bitcoin-spaces-bitcoin-day-in-el-salvador via http://www.rssmix.com/

[damonbation]

Unpacking Fed's Smoke and Mirrors in Jacksonhole - FED 62

Hosts: Christian Keroles and Ansel Lindner

In this episode of Bitcoin Magazine's 'œFed Watch' podcast, we respond to Chairman Powell's comments at Jackson Hole on 27 August. We listen to several important sound bites and discuss it along the way. Powell was expected to announce a Fed taper, where they begin to shrink their monthly purchase of securities in QE.

We have often said that Powell is somewhat of a straight shooter relative to other central banks of the past and present. We also are hesitant to ever agree with a Federal Reserve Chairman, but in this case, we find many points to agree on.

Bitcoin is beginning to naturally fit into every discussion on central banks and the international financial system. We touch on bitcoin throughout this episode.

from Money 101 https://letstalkbitcoin.com/blog/post/unpacking-feds-smoke-and-mirrors-jacksonhole-fed-62 via http://www.rssmix.com/

[damonbation]

Unhashed Podcast - Cardano State Machines

In this week's episode, the tit is moving (again) so Ruben Bryan and Colin walk through the finer points why DeFi insurance DAOs also need insurance, we give another toot to El Sal legal tender law, Tips on Twitter, and, finally, an analysis of the first live Dapp on Cardano testnet! Look out!

From CoinTelegraph, In a candid open letter, the lead contributor of Cover and Ruler Protocol, 'œDeFi Ted,' announced the protocol will close its virtual doors in the near future, citing a mass developer exit as the primary reason for the project's conclusion. Launched earlier this year, the Ethereum-based decentralized finance (DeFi) insurance marketplace enabled users to stake Cover tokens as collateral and receive insurance payouts if their assets in other DeFi protocols are hacked or rug-pulled. In December 2020, the Cover protocol suffered a catastrophic exploit when a hacker minted 40 quintillion tokens, stratospherically increasing the token supply and effectively rendering the project valueless, a hypothesis confirmed with the consequential 97% price plummet. in a drastic turn of events becoming more commonplace in the market, the hacker consciously returned the funds, and attached the stern message, 'œNext time, take care of your own shit.' Despite the compassionate return of funds, serious damage was inflicted on the protocol both in terms of tokenomics value and cultural reputability.

From FastCompany.com, On Sept. 7, 2021, El Salvador will become the first country to make bitcoin legal tender. The government even went a step further in promoting the cryptocurrency's use by giving $30 in free bitcoins to citizens who sign up for its national digital wallet, known as Chivo, or 'œcool' in English. Foreigners who invest three bitcoins in the country'"currently about $140,000'"will be granted residency. Legal tender refers to money'"typically coins and banknotes'"that must be accepted if offered in payment of a debt. The front of every U.S. banknote states, 'œThis note is legal tender for all debts public and private.' This statement has been enshrined in federal law in various forms since the late 1800s.

In celebration of the El Sal law, a grassroots twitter effort has started to gain momentum for a market buy of $30 per person. From Michael Saylor, 'œOn September 7, El Salvador will officially begin using #Bitcoin as its national currency alongside the U.S. dollar. Every cyber hornet I know is planning to buy $30 in BTC tomorrow in solidarity with the people of #ElSalvador and their leader @nayibbukele. Will you join us?

Twitter is now testing the ability to tip users in Bitcoin through Jack Maller's lightning network app Strike, according to The Block and a post on MacRumors. According to The Block, the new lightning service will be Strike enabled and also support Square's forthcoming hardware wallet. The company also lists Blue Wallet and Wallet of Satoshi as examples of custodial wallets and Breez, Muun, Phoenix and Zap as examples of non-custodial wallets. Twitter will also use Strike to produce Bitcoin invoices. For now, Twitter users will need a Strike account to receive tips in Bitcoin. "We use Strike to generate Bitcoin Lightning invoices so you'll need to connect your account to accept Bitcoin tips,' the instructions read. The Bitcoin developments at Twitter follow through with promises by CEO Jack Dorsey made in July. It was implied then that Bitcoin would be enabled in the Tip Jar service. He suggested also that Bitcoin

From @Sassal0X on twitter, The first dapp went live on Cardano today and ADA fanboys are finally discovering that you can't peer review your way out of fundamental issues. From the r/Cardano reddit, 'œLooks good, but when i try to swap things, all im getting is 'œTransaction Fail: UTXOs are being used this block. Please wait 20-40 seconds and try again' Reply : Unfortunately, and I hate to say it because it might be a bit painful, critic have been discussing this for years trying to understand how in the world Cardano is going to implement smart contracts with a UTXO model (which effectively means an app like Uniswap can only handle one TX per block). They've yet to an answer to this question. ' People need to ask such stuff to Charles on his YouTube AMA streams, rather than his thoughts on Afghanistan or something. Reply: They did and he laughed it off. Said people should learn more about eUTXO and it's a non-issue. --- Reply from @LarsBrunjes, the 'œDirector of Education at @InputOutputHK' and PhD in Pure Mathematics 'œYou are right, this is an issue. But our scientists are already thinking of 'œconcurrent state machines' that can address this.

The Securities and Exchange Commission is investigating the startup behind one of the biggest cryptocurrency exchanges, as regulators probe further into parts of the digital-asset market that have resisted oversight, according to people familiar with the matter. Regulators are examining Uniswap Labs, the main developer of the world's largest decentralized exchange, called Uniswap, the people said. Enforcement attorneys are seeking information about how investors use Uniswap and how it is marketed, the people said. A spokesman for Uniswap Labs said the company is 'œcommitted to complying with the laws and regulations governing our industry and to providing information to regulators that will assist them with any inquiry.' An SEC spokeswoman declined to comment, saying the agency doesn't confirm or deny investigations. The developers often say they no longer control the protocols, which could diminish their liability under securities laws. SEC Chairman Gary Gensler has said DeFi projects aren't immune from regulatory scrutiny. They may still be controlled by developers or middlemen that benefit from incentives such as trading fees and digital tokens that give holders governance rights over the program, he has said. '" https://archive.is/ewYN

from Money 101 https://letstalkbitcoin.com/blog/post/unhashed-podcast-cardano-state-machines via http://www.rssmix.com/

[damonbation]

Bitcoin Magazine Podcast - Making Bitcoin Successful in El Salvador with Jose Lemus

Today CK sits down with Jose Lemus, the founder of IBEX Mercado, to talk about the exciting developments in the El Salvadorian Bitcoin space! At the time of this recording, Bitcoin is about to be announced as legal tender in the country, and so by the time you listen to this conversation, that will be official! While this is exciting news for El Salvador, its people, and future, there is still some way to go before Bitcoin and the Lightning Network will be able to truly spread in the country and impact its economy on a massive scale. Jose shares some of his insider perspectives on the El Salvadorian situation and we talk about some of the potential hurdles, Bitcoin's scalability, the vision for IBEX, and the forthcoming months following the big announcement about Bitcoin becoming legal tender. Jose is dedicated and passionate about the spread of this technology and his long-term perspective and big picture mentality are hugely inspiring. For all this, be sure to listen in with us today!

from Money 101 https://letstalkbitcoin.com/blog/post/bitcoin-magazine-podcast-making-bitcoin-successful-el-salvador-jose-lemus via http://www.rssmix.com/

[damonbation]

Meet the Taco Plebs - Bitcoin Doesn't Have to be Complicated with Nameless

Bitcoin can be a daunting thing to learn about. It involves the study of several different fields, from computer science to economics. At Bitcoin Magazine, we always hope to be able to educate our readers on the basics of Bitcoin. We offer a guides section, and have a large selection of books in our store. One of my parts about the magazine are contributor articles designed to simplify complex ideas. Nameless, one of our contributors here at the magazine, has sent in several of these articles, including 'œA Gentle Introduction To The Lightning Network,' 'œSo, What Are Bitcoin Miners Actually Doing?' and 'œAn Overview Of Bitcoin's Cryptography.'

All of these articles are extremely high quality, and they take some of the more difficult to grasp subjects in Bitcoin and simplify them for the reader.

from Money 101 https://letstalkbitcoin.com/blog/post/meet-the-taco-plebs-bitcoin-doesnt-have-to-be-complicated-nameless via http://www.rssmix.com/

[damonbation]

Bitcoin Audible - Read_554 - Finding Financial Freedom in Afghanistan [Alex Gladstein]

'œFarzan and her family traveled by foot, car and train thousands of miles through Iran and Turkey, finally making it to Germany in 2017. Along the way, dishonest middlemen and common thieves stole everything they brought with them, including their jewelry and cash. At one point, their boat crashed, and more belongings sank to the bottom of the Mediterranean. It's a tragic story familiar to so many refugees. But in this case, something was different. Through it all, Farzan was able to keep her bitcoin, because she hid the seed to her Bitcoin wallet on a piece of tiny, innocuous-looking paper. Thieves could not take what they could not find.' - Alex Gladstein

You don't want to miss another excellent piece in the incredible ongoing works by Alex Gladstein. Thanks to Bitcoin Magazine for this incredible work and continuing to put out so much incredible stuff for the Bitcoin space!

Check out the article below for links to dig further and a huge collection of other excellent works at Bitcoin Magazine:

https://bitcoinmagazine.com/culture/bitcoin-financial-freedom-in-afghanistan

Huge thanks to the amazing Bitcoin Magazine & LTBNetwork for the incredible content they produce in the Bitcoin space!

Don't forget to check out our awesome sponsors!

5% off the BitBox02 with code "GUY," your bank grade digital vault for your Bitcoin keys from Shiftcrypto.chAnd secure your Bitcoin future by starting your automatic savings plan at SwanBitcoin.com/guy

from Money 101 https://letstalkbitcoin.com/blog/post/bitcoin-audible-read-554-finding-financial-freedom-in-afghanistan-alex-gladstein via http://www.rssmix.com/

[damonbation]

Unhashed Podcast - No Tendies for BTC in China

On this episode of the Unhashed Podcast, we talk Coinbase 2FA slipups, the normalization of Ethereum consensus failures, anti-bitcoin protests in El Salvador, and IMF & CCP critiques of bitcoin. Lastly, we encourage Colin to stop farting on people on planes.

Customers of leading United States crypto exchange Coinbase have spent the weekend panicking after the exchange mistakenly sent emails to users stating that their two-factor authentication (2FA) settings had been changed. On Friday, Coinbase accidentally sent the email to 125,000 of its customers, resulting in widespread public backlash. Coinbase took to Twitter on Sunday to apologize for the mishap, stating, 'œWe're laser-focused on building trust and security into the crypto community so that the open financial system we all want is a reality. We recognize that issues like this can hurt that trust.' Despite Coinbase's apology, many of its users reported taking significant measures in response to the email while fearing that their accounts were being targeted by hackers, including overhauling security settings and liquidating their crypto holdings. Comments on the exchange's social media also suggest that numerous customers were unable to access the Coinbase app for several days after the incident. 'œWe will continue to work to gain back the trust of every one of our customers who was impacted by those notifications,' Coinbase added. The firm also announced it is reimbursing users with $100 worth of Bitcoin (BTC). '" https://cointelegraph.com/news/users-panic-after-coinbase-mistakenly-sends-2fa-reset-notices-to-customers

Ethereum experienced a chain split due a number of network validators, also called nodes, failing to upgrade their software. On Aug. 24, the developer team behind the popular Ethereum software client Geth released an emergency hotfix to a security vulnerability in its code that would have prevented certain users from producing blocks. The Go Ethereum team had disclosed a vulnerability on Aug. 18, saying they would release a patch, but did not specify the exact nature of the vulnerability in an effort to prevent an attack: 'œThe exact attack vector will be provided at a later date to give node operators and dependent downstream projects time to update their nodes and software,' wrote Ethereum team lead Pƒter Szilƒgyi in Aug. 24 GitHub patch notes. However, it would seem some users identified the exploit that was hotfixed by the Geth team and are currently exploiting older versions of the Geth software. Though the Geth team emphasized that all users should upgrade their software immediately, only about 30% of users upgraded to the latest version, according to data from ethernodes.org. As background, Geth is the most relied-upon software to connect to the Ethereum blockchain, being run by roughly 75% of the users. This is not the first time Ethereum has experienced a chain split due to users running outdated versions of Geth. In November, the Ethereum network saw a similar disturbance after users failed to upgrade to the latest Geth release, version 1.10.X. At the time, Geth developers said the event was due to a lack of communication about the urgency of the upgrade. '" https://www.coindesk.com/tech/2021/08/27/ethereum-faces-chain-split-as-node-operators-fail-to-update-geth-hotfix/

Hundreds of protesters took to the streets of El Salvador to raise their voices against President Nayib Bukele's decision to make Bitcoin (CRYPTO: BTC) legal tender. What Happened: On Sept 7, Bukele will introduce the much-debated Bitcoin Law in the country. According to the text of this Law, all economic agents must accept Bitcoin along with the dollar as a means of payment. Bukele says that the Bitcoin Law will benefit the people and save close to $400 million in remittance commissions. In addition, it will guarantee instant and more secure financial transactions. But the people of El Salvador are not entirely convinced with it. Hundreds of protesters, including workers, veterans, and pensioners, marched through San Salvador to voice their concerns about the use of cryptocurrency. They are worried that with the law, they will be paid in crypto for their pensions and welfare instead of the US dollar. There is also a concern that people don't understand the technology needed to use crypto-currency. "We know this coin fluctuates drastically. Its value changes from one second to another, and we will have no control over it," Stanley Quinteros, a member of the Supreme Court of Justice's workers' union, told Reuters. Protesters are wary that the introduction of Bitcoin may encourage corruption which is already seen within its borders. However, as per the law, it does not mean that everyone has to conduct their transactions in the cryptocurrency.

The International Monetary Fund (IMF) heavily criticized El Salvador's decision to adopt Bitcoin (CRYPTO: BTC) as a legal tender. Alongside a blog post published on Sunday, the IMF tweeted that the risk of "privately issued crypto assets like Bitcoin" makes it so that "making them equivalent to a national currency is an inadvisable shortcut." In its blog post, the IMF admits that digital assets "have the potential to provide cheaper and faster payments, enhance financial inclusion, improve resilience and competition among payment providers, and facilitate cross-border transfers." Still, the institution points out that creating the "requires significant investment as well as difficult policy choices." For this reason, the IMF considers adopting Bitcoin to be a shortcut on El Salvador's part: it adopted a preexistent system instead of creating a custom-made one. The institution admits that many cryptos are secure, easy to access, and cheap to transact but claims that "in most cases risks and costs outweigh potential benefits." For instance, the post claims that crypto's "value is just too volatile and unrelated to the real economy." The IMF also warned that the widespread adoption of a crypto asset such as Bitcoin could hurt macroeconomic stability. The regulator claims that "if goods and services were priced in both a real currency and a crypto asset, households and businesses would spend significant time and resources choosing which money to hold as opposed to engaging in productive activities." Furthermore, adopting crypto exposes exchange rate risk if taxes were quoted in advance in it, while expenditures remained mostly priced in fiat currency or the reverse. Lastly, the IMF raises concern that Bitcoin mining consumes "an enormous amount of electricity" and consequently, "the ecological implications of adopting these crypto assets as a national currency could be dire."

This week, the People's Bank of China said Bitcoin has no value. Bitcoin, and other cryptocurrencies "are not legal tenders and have no actual value support," Deputy Director of the Financial Consumer Rights Protection Bureau of the People's Bank of China, Yin Youping, said in the local Chinese language press on August 27. And China is not the only one. On August 13, Russia's Central Bank called it a 'œtechnological financial pyramid scheme.' First Deputy Governor of the Bank of Russia, Sergey Shvetsov, likened buying Bitcoin to "entering a minefield" and said the local stock exchange should not list any companies that trade in Bitcoin (think the local version of Coinbase). UK central bankers said the same a month earlier, on July 18, when the Bank of England's FinTech Director, Tom Mutton, said 'œBitcoin, given its performance shortcomings and energy inefficiency, is in no way a relevant comparison for the sort of technology we might use in a central bank digital currency,' Coindesk reported him saying. And also...the US - On July 16, Jerome Powell said during testimony to Congress that the Fed's ongoing research into a digital dollar would probably just render Bitcoin obsolete. 'œYou wouldn't need stablecoins, you wouldn't need cryptocurrencies, if you had a digital dollar,' he said. And finally, Japan in late May, Bank of Japan governor Haruhiko Kuroda said Bitcoin was basically a casino chip used for highly speculative gambling - 'œNo one really uses Bitcoin as a means of settlement.'

Market Rebellion '" $DOGE accounted for 17% of Robinhood's transactional revenue in Q2 '" https://twitter.com/MarketRebels/status/1428177769855336449

Tascha '" If you make a NFT of a real diamond, and the diamond itself gets destroyed in a fire tomorrow, you still have the same asset. Because the token still exists and is in limited supply just as before. Nothing has changed. What NFT is doing to the concept of asset, few understand. '" https://twitter.com/RealNatashaChe/status/1429576700346748938

Mikeinspace '" Ethereum has been engineered to thrive in a permissive regulatory environment while Bitcoin has been engineered to thrive in a restrictive regulatory environment. So the "big bet" on the future of crypto hinges on one's perspective on the future of the regulatory environment. '" https://twitter.com/mikeinspace/status/1429986344487591940

a void (leaks) '" Wow. Craig Wright is paying for his litigation by taking out a loan against the 'œTulip Trust' coins, to be paid back to Calvin Ayre. Coins for which Craig has testified (and his lawyer confirmed) he does not have the private keys. '" https://twitter.com/Tak_Horigoshi/status/142985715743289344

from Money 101 https://letstalkbitcoin.com/blog/post/unhashed-podcast-no-tendies-for-btc-in-china via http://www.rssmix.com/