Rabbit Hole Recap RABBIT HOLE RECAP #376: ALL IN BITCOIN
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Sep 25, 2025 Discover the intriguing implications of Bitcoin in a world of unstable currencies as the hosts dive into recent financial developments. They discuss the security flaws found in Tangem wallets and how that impacts custody. The conversation shifts to the Bank of Thailand's freeze on millions of accounts, revealing the unintended consequences of combating online scams. Get insights on innovative tools like Peach's P2P marketplace and the evolving landscape of open-source Bitcoin initiatives. Plus, explore the balance between privacy and usability in cryptocurrency.
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Bitcoin As Safe Haven Amid Central Bank Excess
- Marty and Odell argue Bitcoin benefits when central banks devalue fiat and act as a safe haven.
- They see current monetary policy as a structural tailwind for Bitcoin adoption.
Reversible Stablecoins Reflect Centralized Control
- Stablecoins are centralized USD tokens that can censor and freeze funds due to trust models.
- Circle packaging reversible transactions formalizes power custodians already exercise.
Card Wallets' Design Trade-Offs Exposed
- Tangem's card-style wallets were cracked by Ledger's security team via PIN brute-force bypass.
- Lack of a screen plus weak brute-force protections makes some convenient wallets risky.