Ep. 96 Death of the Dollar Hegemony?
On this week’s episode of the Unhashed Podcast: Golden Sachs predicts a dollar dump, Ledger let’s customer data slip, and big tech is coming for you!
Weekly News Wrap Up:
This week Goldman Sachs Group Inc. put a spotlight on the suddenly growing concern over inflation in the U.S. by issuing a bold warning Tuesday that the dollar is in danger of losing its status as the world’s reserve currency. “Gold is the currency of last resort, particularly in an environment like the current one where governments are debasing their fiat currencies and pushing real interest rates to all-time lows,” and “[There are now] real concerns around the longevity of the U.S. dollar as a reserve currency.” It’s interesting that we’re seeing this type of commentary from a stalwart (and gold bear) like Goldman.
In an email to customers sent early Wednesday morning, Ledger stated that “On the 14th of July 2020, a computer researcher ... notified us of a potential data breach on the Ledger website.... [W]e discovered an unauthorized third party had gained access to customer information. Contact and order details were involved. This is mostly the email address of our customers. Further to investigating the situation we have also been able to establish that, for a subset of customers were also exposed: first and last name, postal address, phone number and ordered products. Due to the scope of this breach and our commitment to our customers, we have decided to inform all of our customers about this situation. Payment information, credentials (passwords) or crypto funds are not impacted by this data breach. This data breach has no link nor impact on our hardware wallets and the Ledger Live application. Your crypto assets are safe and are not in peril.”
General discussion on censorship in the online world -
First Cloudflare came for the Nazis, but I didn’t care because I’m not a Nazi, then Twitter came for Alex Jones, but I didn’t care cuz I wasn’t a UFO nut, then Squarespace came for the doctors with a different opinion than the WHO...
Squarespace, a leading drag-and-drop website creation service and hosting provider, took down the website of americasfrontlinedoctors.com .
Bitcoin Mailing list - Ruben, what is it that you say you do here?
Bitcoin Optech writes: Bitcoin Core is adding support for witness txid announcements. Prior to this, all Bitcoin nodes announced new unconfirmed transactions to their peers by the transaction’s txid. However, txids don’t commit to the witness data in segwit transactions, so a node that downloads an invalid or unwanted segwit transaction can’t safely assume that any transaction with that same txid is also invalid or unwanted. That means nodes may waste bandwidth by downloading the same bad transaction over and over from each peer announcing that transaction. So far this hasn’t been an issue — honest peers usually don’t announce transactions they wouldn’t accept themselves, so only a disruptive peer that wanted to waste its own upload bandwidth would advertise invalid or unwanted transactions. However, one type of unwanted transaction today are the type that taproot plans to use. Each time a taproot-unaware nodes receives a taproot-spending transaction, it will download it, realize it is unwanted, and throw it away. This could be very wasteful of network bandwidth, both for older taproot-unaware nodes and newer taproot-aware nodes. The implemented solution is to announce transactions by their witness txid — which includes a commitment to the witness data for segwit transactions. A taproot implementation in Bitcoin Core could then only relay transactions by their witness txid to prevent newer nodes from accidentally spamming older nodes.
Price Analysis:
Number go WAY up
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