Rabbit Hole Recap #251: $10,000,000 for Open Source Projects
Rabbit Hole Recap
The Dominance Mismatch in the Banks
All the banks are insolvent because of a duration mismatch. The value of those treasuries has gone down significantly over the last year. This is the problem with central planning, particularly with monetary policy and banking. It's not going to be like 2008 in the line that they put out there.
$10M for free and open source software https://opensats.org/blog Kingdom of Bhutan has been mining bitcoin since 2020, announces $500M mining fund to expand operations https://www.globenewswire.com/news-release/2023/05/03/2659973/0/en/Bitdeer-and-Druk-Holding-Investments-to-Jointly-Develop-Green-Digital-Asset-Mining-Operations-in-the-Kingdom-of-Bhutan.html?ref=nobsbitcoin.com Biden admin proposes 30% bitcoin mining tax https://www.whitehouse.gov/cea/written-materials/2023/05/02/cost-of-cryptomining-dame-tax/?ref=nobsbitcoin.com First Republic Bank fails, sold to JP Morgan https://www.fdic.gov/news/press-releases/2023/pr23034.html?ref=nobsbitcoin.com Venmo to finally enable self custody transfers https://newsroom.paypal-corp.com/2023-04-28-Introducing-Crypto-Transfers-for-Venmo-Customers?ref=nobsbitcoin.com Balaji capitulates on million dollar price call, donates an additional million https://balajis.com/fiat/ LND v0.16.2 https://github.com/lightningnetwork/lnd/releases/tag/v0.16.2-beta?ref=nobsbitcoin.com Lightning Terminal v0.9.2-alpha https://github.com/lightninglabs/lightning-terminal/releases/tag/v0.9.2-alpha?ref=nobsbitcoin.com Blixt Wallet v0.6.7 https://github.com/hsjoberg/blixt-wallet/releases/tag/v0.6.7?ref=nobsbitcoin.com Sphinx Relay v2.3.1 https://github.com/stakwork/sphinx-relay/releases/tag/v2.3.1?ref=nobsbitcoin.com Parmanode v2.3.4 https://github.com/ArmanTheParman/Parmanode/releases/tag/v2.3.4?ref=nobsbitcoin.com Alby Launches Nostr Wallet Connect https://blog.getalby.com/introducing-nostr-wallet-connect/?ref=nobsbitcoin.com Feni v0.1.8: Cashu Wallet & Mint Implementation in Golang https://github.com/cashubtc/cashu-feni/releases/tag/v0.1.8?ref=nobsbitcoin.com AgoraDesk App v1.1.1 https://github.com/AgoraDesk-LocalMonero/agoradesk-app-foss/releases/tag/v1.1.1?ref=nobsbitcoin.com MyNode v0.3.16 https://nitter.at/mynodebtc/status/1653150968454717442?ref=nobsbitcoin.com Zeus v0.7.5 https://github.com/ZeusLN/zeus/releases/tag/v0.7.5?ref=nobsbitcoin.com Nayuta Wallet v.0.1.7 https://medium.com/nayuta-en/nayuta-wallet-v0-1-7-released-e544e5159d5d?ref=nobsbitcoin.com Stack Duo v1.0.5 https://github.com/cypherstack/stack_duo/releases/tag/build_008?ref=nobsbitcoin.com Bisq v1.9.10 https://github.com/bisq-network/bisq/releases/tag/v1.9.10?ref=nobsbitcoin.com Munstr: MuSig + Nostr https://github.com/0xBEEFCAF3/munstr?ref=nobsbitcoin.com Electrum v4.4.1 https://github.com/spesmilo/electrum/releases/tag/4.4.1?ref=nobsbitcoin.com Galoy v0.6.48 https://github.com/GaloyMoney/galoy/releases/tag/0.6.48?ref=nobsbitcoin.com tracking growth in payjoin adoption https://payjoin.substack.com/p/tracking-growth-in-payjoin-adoption?sd=pf&ref=nobsbitcoin.com LNMesh: Offline Lightning Network Payments Using Community Wireless Mesh Networks https://arxiv.org/abs/2304.14559?ref=nobsbitcoin.com
3:16 - OpenSats $10 mil
15:59 - Dashboard, mempool bets
33:06 - Bhutan mining
49:19- Biden wants to ban mining
56:48 - Banking crisis
1:14:03 - Debt crisis
1:24:18 - Venmo has bitcoin
1:27:33 - Balaji pays up
1:32:58 - Debt ceiling shutdown
1:36:29 - Whitney Webb TFTC episode
1:40:13 - Lnd update
1:42:21 - Boostagrams
1:47:02 - Software updates
1:52:23 - Payjoin adoption
1:55:09 - LNMesh
1:59:19 - Shoutout to Fedi
2:01:54 - Wrapping up
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