A Lot Has Happened This Week With DCG

It's just a YouTube issue. Feel bad for Luke. He's done a lot for Bitcoin. We want to go over at rabbit hole recap. It'll be live streaming there. Maybe check out the Twitch stream. The podcast feed should be solid audio as well. Susan. God is speaking.

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Episode notes

This week Marty and Matt discuss:

- winklevoss blast silbert https://www.nobsbitcoin.com/gemini-cofounder-cameron-public-letter/

- dcg fires 30% of employees at genesis https://www.wsj.com/articles/crypto-lender-genesis-lays-off-30-of-staff-11672939434

- dcg shutters wealth management division https://www.theinformation.com/articles/genesis-parent-company-dcg-shutters-its-wealth-management-division

- silvergate lost $700m during ftx panic bank run https://www.wsj.com/articles/silvergate-raced-to-cover-8-1-billion-in-withdrawals-during-crypto-meltdown-11672895207

- coinbase pays NY Gov $50M implements stricter KYC https://www.nytimes.com/2023/01/04/business/coinbase-settlement-anti-money-laundering.html

- electrum v4.3.3 https://github.com/spesmilo/electrum/blob/master/RELEASE-NOTES

- zeus v0.7.1 https://github.com/ZeusLN/zeus/releases/tag/v0.7.1

- bdk v0.26.0 https://github.com/bitcoindevkit/bdk/releases/tag/v0.26.0

- rust whirlpool implementation https://github.com/straylight-orbit/whirlpool-client-rs

- nunchuk adds collaborative custody subscriptions https://nunchuk.io/blog/introducing-the-honey-badger-wallet

- fedimint hackathon https://www.fedi.xyz/fedimint-hackathon

- new zoltan https://www.nobsbitcoin.com/content/files/2022/12/ZoltanPozsar-CreditSuisse-WarandCommodity-Encumbrance.pdf

10:30 - Opening riff
14:18 - Dashboard fakeout
16:12 - You could ski down the Dow Jones chart
19:50 - Dashboard for real
24:08 - Recession
31:53 - DCG
34:36 - Cameron Winklevoss's letter
36:11 - More DCG
40:19 - What's Gemini Earn?
47:24 - Cognitive dissonance of finance and crypto
50:25 - Humble stackers win out
52:32 - Luke Dashjr lost his coins
58:09 - Matt's new Coldcard guide
1:01:05 - Genesis cascade effect and Silvergate bank run
1:05:21 - IndyMac clip, volume warning
1:10:22 - Back to Silvergate
1:12:57 - Bitcoin over gold
1:18:52 - Bitcoin's marshmallow test
1:25:36 - Coinbase pays NY, gets stronger KYC
1:27:38 - Software updates lightning round
1:28:35 - Straylight Orbit
1:29:22 - Nunchuck
1:34:58 - The Coinbase ad
1:37:37 - Fedi hackathon
1:38:45 - Boostagrams
1:40:43 - Zoltan's back
1:45:25 - Closing riff