Bankless ROLLUP: BitBoy Lawsuit | Ethereum Merge Updates | Biden Cancels Debt | Tornado Cash Fallout | Pudgy Penguins
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Aug 26, 2022 The hosts dive into the implications of Biden's student loan relief amidst rampant inflation. They tackle the mysterious fallout from Tornado Cash sanctions and the dilemmas of privacy in crypto. Insights on the Ethereum merge transition from proof of work to proof of stake take center stage, alongside discussions on rising interest in NFTs and competition among major brands. A glimpse into the evolving job market in crypto and the anticipated launch of Arbitrum's Nitro adds excitement, while concerns around integrity in the community raise vital questions.
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UFO Sighting
- David Hoffman saw a series of slow-moving lights in the night sky while camping.
- After much speculation, he discovered they were Starlink satellites.
Crypto Market Cap Growth
- Despite recent price drops, the total crypto market cap remains at $1 trillion.
- This signifies substantial growth and success for the crypto industry.
Student Loan Forgiveness and Inflation
- Student loan forgiveness is a form of fiscal stimulus, which can contribute to inflation.
- Consider the potential impact of such policies on the broader economy and monetary policy.