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Following Bitcoin Cash on its rise to global reserve currency.

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Monday, 14th November 2022

#65:

BCH 2022 Review & CRYPTO POLITICS

feat. MP Rolando Brison

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FTX collapse crashes prices

USD $103.19 (down). 1 BTC = 162.6 BCH (up substantially).

1 ETH = 12.18 BCH (up).

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BCH 2022 conference

  • St Kitts & Nevis hosts 1st BCH conference since 2019
    • Showcasing local adoption
    • Attendees able to operate on the island mostly in BCH
    • 100+ attendees
    • 30 countries represented
  • Lots of community relationships become introduced or solidified in person
  • John Nieri the attendees favourite talk

https://twitter.com/TheBCHPodcast/status/1591401686916112384

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BCH as legal tender

  • BCH 2022: Dr Terrance Drew, PM of St Kitts & Nevis, announces investigation into #BCH mining and legal tender to present by March 2023 once due diligence has been completed
  • BCH competing to be 1 of 2 cryptos as national legal tender
  • St Maarten is also looking into this possibility in 2023, “March sounds early”
  • How would this change things for St Maarten with respect to BCH adoption?

https://youtu.be/1W0-N_0K6jQ?t=27902

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Crypto in St Maarten

  • What is the current state of adoption?
    • How do locals feel?
    • Is this a prominent issue?
  • What is the process, opportunities or roadblocks in the political arena?
  • Is there a strategy for other coins on the island?
    • Have other coins tried to become involved?
    • Does BCH presence make it easier or harder for them to compete there?

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FTX blows up

  • Mere days after calling for increased regulation:
    • FTT token falls 90%+ instantly
    • Alameda research has no backing any more, FTX insolvent
  • SBF tweeting that assets were safe were complete lies, deleted next day
  • FTX has losses of around $10B
  • Customers are scammed
  • Industry contagion is in effect. BlockFi has frozen withdrawals. Likely more to come.

https://www.coindesk.com/business/2022/11/02/divisions-in-sam-bankman-frieds-crypto-empire-blur-on-his-trading-titan-alamedas-balance-sheet/

https://twitter.com/GRDecter/status/1591275418258403331?t=TAYbYkFlgHTDGu1Z4ileUA&s=19

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Meme of the week

https://twitter.com/numba_go_up/status/1591092717093650433

knex.eth @numba_go_up

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In other news

  • Kim Dotcom shows off a demo of long awaited BCH app CashRain, says open beta available in under 30 days
  • Bitcoin Core pushes ahead with “Full RBF” as default in Core v24.0
    • Controversy and pushback from Lightning Network advocates e.g. John Carvalho
  • BSV releases v1.0.13 with “release supports code for the reassignment of digital assets.

https://www.reddit.com/r/btc/comments/ymecz3/my_review_of_the_kim_dotcom_cashrain_demo/

https://twitter.com/BitcoinErrorLog/status/1589287763928813568

https://github.com/bitcoin-sv/bitcoin-sv/releases/tag/v1.0.13

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Community comment

of the week

https://t.me/bchbull/2269

Bitcoincashautist

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MESSAGE TO

THE COMMUNITY

Open platform to speak to the Bitcoin Cash community, with any thoughts, advice, feedback, criticism, encouragement, story or point of view you feel should be more prominent or appreciated.

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Patrons!

  • Ricky
  • HP

Start guide, FAQs, links at www.bitcoincashpodcast.com

Thanks to donators, Podcash streamers, Patrons

Shoutouts for the show

bitcoincash:qqw7pcg9vl6wm3zdvwfr4u5042uunrygjc4s6j8ee5

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Stat of the week

https://twitter.com/GRDecter/status/1586090166716100609

US Federal debt at $750 B for interest payments, same as the annual US military spend. Heading to $1 T.

@GRDecter

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