Citadel Dispatch

support dispatch: https://citadeldispatch.com/donate  ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ EPISODE: 103BLOCK: 792140PRICE: 3600 sats per dollar TOPICS: Fenix Ammunition is a Michigan Based Ammo Manufacturer that Accepts Bitcoin Using BTCPayServer, Grassroots Movements, Regulatory Capture, Corrupt PoliticiansFenix on Twitter: ⁠https://twitter.com/FenixAmmunitionBitcoin for Gun Shops Guide: https://voltage.cloud/blog/btcpay-server/bitcoin-for-gun-shops/nostr live chat: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://citadeldispatch.com/stream⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠nostr account: ⁠https://primal.net/odell⁠youtube: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.youtube.com/@citadeldispatch⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠podcast: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.podpage.com/citadeldispatch⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠stream sats to the show: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.fountain.fm/(00:03:36) Guns and firearm culture in America(00:08:26) Building a brand and brand loyalty(00:31:51) Bitcoin and its integration into the business(00:39:16) Discussion about the confusion around the term 'mining' in relation to Bitcoin(00:39:28) Exploration of the topics of KYC and running your own node(00:43:36) Conversation about the importance of saying 'no' and the connection to martial arts and firearms ownership(01:18:22) Resistance to accepting gun control laws(01:19:25) Preparing to resist gun control measures(01:26:10) Balancing lobbying efforts and grassroots activism

support dispatch: ⁠⁠⁠⁠⁠⁠⁠⁠https://citadeldispatch.com/donate⁠⁠⁠⁠⁠⁠⁠⁠ EPISODE: 102BLOCK: 791518PRICE: 3734 sats per dollar TOPICS: Good Money vs Bad Money, Early Bitcoin History, Onboarding the Next Billion People, Silk Road, Anti Fragility, EnergyThis chat was a continuation of our conversation on stage at Bitcoin 2023 to end the conference: https://youtu.be/kAdPCHY_RzYAdam on Twitter: https://twitter.com/adam3usJack on Twitter: ⁠https://twitter.com/jackmallersnostr live chat: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://citadeldispatch.com/stream⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠nostr account: ⁠https://primal.net/odell⁠youtube: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.youtube.com/@citadeldispatch⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠podcast: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.podpage.com/citadeldispatch⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠stream sats to the show: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.fountain.fm/(00:00:37) Introduction and bitcoin events(00:02:11) Thanks to supporters and donation options(00:04:20) Introduction of guests(00:05:47) Discussion on the value of bitcoin(00:19:30) Bitcoin as a savings technology(00:27:17) Volatility and challenges in emerging markets(00:38:14) Why bitcoin has been successful compared to previous attempts(01:08:12) Volatility of bitcoin and its potential stability in the long term(01:22:53) Onboarding the next billion users to bitcoin(01:27:14) Different trade-offs in using exchanges and custodial lightning(01:28:10) Liquid as a trade-off between centralized exchanges and noncustodial options(01:29:44) Advantages and risks of using Liquid for trading and rebalancing Lightning channels(02:09:29) Bitcoin's future and scalability(02:10:26) The value of free markets and the maturity of bitcoin(02:11:24) Disappointment in backtracking on bold predictions

support dispatch: https://citadeldispatch.com/donate  ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ EPISODE: 101BLOCK: 789547PRICE: 3733 sats per dollar TOPICS: Mempools, Transaction Fees, Scaling in Layers, Mining Pools, Block Size Limit, IncentivesRead More: High Fees? Bitcoin is Working As Designed + Bitcoin Transaction Fees and UTXO ManagementWiz on Twitter: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://twitter.com/wizSimon on Twitter: ⁠⁠⁠⁠⁠⁠https://twitter.com/softsimon_Steve on Twitter: https://twitter.com/hunicusnostr live chat: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://citadeldispatch.com/stream⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠nostr account: ⁠https://primal.net/odell⁠youtube: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.youtube.com/@citadeldispatch⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠podcast: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.podpage.com/citadeldispatch⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠stream sats to the show: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.fountain.fm/(00:23:29) Pain points and improvements in the high fee market(00:35:56) Transactions being purged from mempools(00:41:19) Importance of wallets with RBF and CPFP features(00:41:39) RBF (Replace-By-Fee) feature(00:42:19) Limits and use cases of RBF and CPFP(00:46:06) Efficiency of RBF in high fee markets(01:18:39) Comparison between Bitcoin, Lightning, and Liquid(01:19:30) The potential of Fedimint and its advantages(01:26:11) Discussion on the reasons for stale blocks(01:33:07) The possibility of mempools never clearing again(01:37:08) The rise of out-of-band transactions and its implications(01:43:56) Announcement of a big event on May 19th

support dispatch: https://citadeldispatch.com/donate  ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠EPISODE: 100BLOCK: 785120PRICE: 3342 sats per dollar TOPICS: Roman Sterlingov has been held in jail for the last two years accused of operating the custodial bitcoin mixer Bitcoin Fog, evidence being used against him is questionable Chainalysis data, he admits to using the service but claims he was not the operator, Chainalysis refuses to provide background to the defense on their data, broken probability analysis could be used to falsely incriminate any bitcoiner at willMike Hassard on Twitter: ⁠⁠⁠⁠⁠⁠⁠⁠https://twitter.com/mikehassardTor Ekeland on Twitter: ⁠⁠⁠https://twitter.com/TorEkelandPLLCDonate: https://www.torekeland.comnostr live chat: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://citadeldispatch.com/stream⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠nostr account: ⁠https://primal.net/odell⁠youtube: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.youtube.com/@citadeldispatch⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠podcast: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.podpage.com/citadeldispatch⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠stream sats to the show: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.fountain.fm/(00:00:32) Introduction and gratitude for listener support(00:01:00) Ways to support the show(00:02:22) Other ways to support the show(00:03:08) Boostograms from last week's episode(00:04:34) Introduction of guests and background on the case(00:06:36) Background on the case and the defense's perspective(00:10:36) Overview of the evidence against Roman(00:19:51) Issues with the investigation and prosecution(00:32:48) Concerns about blockchain forensics and surveillance companies(00:46:38) Lack of depth in analysis and presentation of data(00:47:45) Lack of access to Chainalysis Reactor software(00:50:13) Importance of establishing the legality of using bitcoin mixers(00:54:07) Questioning the scientific legitimacy of blockchain forensics(01:00:23) Concerns about the profit motive and lack of transparency in the case(01:06:56) Request for support and donations

support dispatch: https://citadeldispatch.com/donate  ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ EPISODE: 99BLOCK: 784070PRICE: 3578 sats per dollar TOPICS: paxful was a leading peer to peer exchange for the last eight years before it shut down this weekRay Youssef on Twitter: ⁠⁠⁠⁠⁠https://twitter.com/raypaxful⁠nostr live chat: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://citadeldispatch.com/stream⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠nostr account: ⁠https://primal.net/odell⁠youtube: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.youtube.com/@citadeldispatch⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠podcast: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.podpage.com/citadeldispatch⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠stream sats to the show: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.fountain.fm/(00:03:21) Introduction and shout out to supporters(00:16:55) Shutting down Paxful and the reasons behind it(00:26:53) The Noone's app and the decentralized toolkit(00:42:21) Audit responses from support and compliance decisions(00:43:21) Freezing funds and inability to provide explanations(00:44:39) Challenges with gift card programs and reputation systems(00:49:30) Dealing with accusations and maintaining reputation(00:52:59) The potential of reputation systems and credit scores(00:56:07) The importance of Bitcoin in developing economies(01:09:30) The challenges of frozen accounts and the need for custodians(01:14:31) The importance of unstoppable free markets and the urgency to act

David Bailey, a cryptocurrency expert and prominent figure in the Bitcoin community, dives into the future of podcasting and financial models using Bitcoin. He discusses the evolving landscape of Podcasting 2.0 and the use of the Value for Value model. The interplay of Bitcoin and AI is examined, with insights on potential job displacement and innovation. Bailey also addresses the fallout from Barry Silbert's mismanaged investments, detailing the emotional toll on investors and the need for self-custody in the cryptocurrency realm.

support dispatch: https://citadeldispatch.com/donate  ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ EPISODE: 97BLOCK: 782790PRICE: 3709 sats per dollar TOPICS: Early Bitcoin, Founding Bull Bitcoin, Physical Spaces, Building The Bitcoin Well, Canadian Trucker Protest, Citadel Theory, LocalismDave Bradley on Twitter: ⁠⁠https://twitter.com/bitcoinbrainsnostr live chat: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://citadeldispatch.com/stream⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠nostr account: ⁠https://primal.net/odell⁠youtube: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.youtube.com/@citadeldispatch⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠podcast: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.podpage.com/citadeldispatch⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠stream sats to the show: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.fountain.fm/(00:06:10) Formation of Bull Bitcoin and Bitcoin Well(00:26:33) Comparison between Bull Bitcoin and Bitcoin Well(00:38:48) Collaborative custody and the importance of self-custody(00:43:24) Issues with Prime Trust(00:44:36) Importance of self-custody and regulated trust companies(00:45:50) Rollout of Bitcoin Well in America(01:26:13) The shift away from large-scale nation states(01:28:30) The need for self-sustainable micro communities(01:30:13) The importance of defensive tools for individual empowerment

The podcast discusses hyper-bitcoinization and the importance of strong communities. They explore the value of SATs and its correlation to block rewards. The concept of humility during hyperbitcoinization is emphasized. Acquiring Bitcoin and building strong communities is emphasized. The challenges of organizing Bitcoin conferences and the importance of policy advocacy are discussed.

Nick Hansen and BitMEX Research discuss topics such as mempool clearance, miner incentives, out-of-band payments, mining centralization, and miner extractable value. They explore the challenges faced in the cryptocurrency mining industry, the impact of inscriptions on miner incentives, and the concept of out-of-band transactions. They also delve into Miner Extractable Value (MEV) in Ethereum, minor extracted value in Bitcoin, proposed changes in Stratum V2, selfish mining, spy mining, empty blocks, and the dynamics of Bitcoin mining pools.

support dispatch: https://citadeldispatch.com/donate  ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ EPISODE: 94 BLOCK: 780957 PRICE: 4100 sats per dollar TOPICS: Bank Failures, Bailouts, Contagion, Fractional Reserve Ponzi Banks, Inflation, Money Without Trust, Corporate Treasuries, Stay Humble and Stack Sats  nostr live chat: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://citadeldispatch.com/stream⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠nostr account: ⁠https://primal.net/odell⁠youtube: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.youtube.com/@citadeldispatch⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠podcast: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.podpage.com/citadeldispatch⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠stream sats to the show: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.fountain.fm/(00:03:41) Supporting the show through donations and subscriptions(00:04:31) Discussion on the current global bank crisis(00:19:53) The impact of the crisis on Bitcoin and the importance of holding your own keys(00:37:29) The role of social media in spreading information and panic during a crisis(00:43:56) The lessons learned from the crypto market and the advantages of Bitcoin(00:45:31) The current state of the global banking crisis and the risks involved(00:46:02) The impact of interest rates on asset valuations(00:49:31) The historical trend of interest rates and its effect on asset prices(00:51:57) The changing economic climate and its impact on asset classes(01:29:24) Michael Sailors and the risk of holding the entire treasury in Bitcoin(01:29:57) Institutions and corporate accounts adopting Bitcoin(01:31:11) The flip side of the treasury strategy and the argument for constant liquidity(01:31:27) VCs and the potential for Bitcoin adoption(01:33:18) The impact of permissionless finance on Bitcoin adoption(01:33:59) The shift in Bitcoin's reputation over time(01:34:47) The Fed's upcoming meeting and the expectation of a pivot(01:39:06) The potential for hyperinflation and the role of Bitcoin