Ep. 44 Angering the #XRPArmy

On this episode of the unhashed podcast: Bitcoin rewards platform Lolli was embroiled in a bit of a stink earlier this week. On the advice of their council, they trademarked the phrase “Stacking Sats” in what they called a defensive stance against bad actors using the phrase, which makes me wonder: should I trademark all of the co-hosts nicknames before they are used against us? We pissed off the XRP army by using their blockchain to store podcast soubnd files. What other possible use cases should centralized blockchains not allow its users to do? And...move over Daniel Craig! Is Bitcoin just a giant layer cake?

Weekly News Wrap Up:

  1. Tether launched on Blockstream’s Liquid network this week.  Also announced on twitter, there will be a Lightning Network on top of Liquid, which will allow for the trading of any Liquid asset.  So now users of Blockstream Green and (soon) Trezor hardware wallets will be able to control USDt with Confidential Transactions!  

  2. Bitcoin rewards platform Lolli was embroiled in a bit of a stink earlier this week.   On the advice of their council, they trademarked the phrase “Stacking Sats”. The company says they did it for defensive reasons and to protect the rest of the space from a malicious actor doing the same and trolling people with the trademark.  I personally love Lolli, and believe them. I don’t even care about this particular case, but the question remains, should companies in the space be trademarking these terms?  

  3. There is a new tool which allows you to place large files onto the Ripple blockchain (link in shownotes - https://ndm-inf.github.io/), but don’t think you can do this unscathed. 

  4. Crypto wallet ZenGo now uses your face as your seed, but this might not be all it's cracked up to be!   We’ve talked about a similar setup before, but I think its worth getting into again to talk about the disadvantages to using biometrics for signing transactions.  

  5. The Layer cake that is bitcoin! 

  6. Daily fees on BTC have regularly topped $1M, while BCH and BSV are below $1,000 per day for the last 6 months.  For reference, Ethereum transaction fees were $75,000 over the last 24 hours. See https://coinmetrics.substack.com/p/a-comparative-analysis-of-bitcoin for more cool info and charts!

Listener Questions:

Cameron asks - “Your thoughts on what percent each of you identifies with Austrian Economics?”

Price Analysis:

Number go sideways

One Final Note:

Make sure you are storing your crypto on something secure like a Ledger and backing it up on something sturdy like a Billfodl. If you buy these items through the links above, we do take a cut of the profits but it also helps support the show - a win/win for all involved.

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Colin aulds