Following Bitcoin Cash on its rise to global reserve currency.

BITCOINCASHPODCAST.COM

1

Sunday, 26th March 2023

#75:

Operation Chokepoint 2.0 & Balaji’s Bitcoin Bet

feat. Esteban

BITCOINCASHPODCAST.COM

2

RIPPPPPP ATLs

USD $125.52 (down). 1 BTC = 220.3 BCH (down bad).

1 ETH = 14.0 BCH (down).

BITCOINCASHPODCAST.COM

3

Operation Chokepoint 2.0

• Original: 2013 US gov pressuring grey markets like gun shops, poker illegally through banks
• Silvergate, SVB, Signature, Credit Suisse bailout, Deutsches Bank
• Coinbase is being sued again by the SEC, after doing everything to comply with unspecified laws
• Lots of reports of new limits added to people’s ability to buy crypto from banks
• An independent economy must form as crypto gets shut off

https://www.reuters.com/business/finance/swiss-blank-cheque-wins-some-time-credit-suisse-2023-03-16/

BITCOINCASHPODCAST.COM

4

Operation Chokepoint 2.0

• In sum, banks taking deposits from crypto clients, issuing stablecoins, engaging in crypto custody, or seeking to hold crypto as principal have faced nothing short of an onslaught from regulators in recent weeks. Time and again, using the expression “safety and soundness,” they’ve made it clear that for a bank, touching public blockchains in any way is considered unacceptably risky.
• - Nic Carter, Operation Choke Point 2.0 Is Underway, And Crypto Is In Its Crosshairs

https://www.piratewires.com/p/crypto-choke-point

https://www.piratewires.com/p/2023-banking-crisis

BITCOINCASHPODCAST.COM

5

x

https://twitter.com/BTC_Archive/status/1638846750776606721

BITCOINCASHPODCAST.COM

6

x

https://twitter.com/balajis/status/1636797265317867520

BITCOINCASHPODCAST.COM

7

Balaji Bets Big On Bitcoin

• Hyperinflation in 90d - June 17 2023?
• Former A16Z, Coinbase CTO
• Says this is a “public interest” bet, or “ringing the fire alarm on the Internet”
• Unclear if anyone actually has taken the bet?
• Generated huge publicity and interest
• Skeptical response from Bitcoin maximalists
• Split colour laser eyes Twitter profile picture, one of them green…

x

BITCOINCASHPODCAST.COM

8

BTC Mempool Moons

• Time + Ordinals + Price volatility = up to 240+ blocks of backlog
• 10 sat / vMB
• Potential for the first non-bull-peak fee crisis on BTC
• Will this prompt some rethinking about scalability / useability?

https://jochen-hoenicke.de/queue/#BTC,3m,weight

BITCOINCASHPODCAST.COM

9

Update on Lightning Network

• Amid fee pressure, LN success is more important than ever
• Criticism has come out from heavy use of custodial wallets
• Seems LN tips are achieving good usage on Nostr though
• What’s the latest state of Lightning Network? Is it getting good usage, apps etc?
• Not something the BCH Podcast tracks super closely, so we’re in the dark on this

https://twitter.com/TheDesertLynx/status/1638247227620573188

BITCOINCASHPODCAST.COM

10

Community comment of the week

Only 8 years late

https://twitter.com/TheBCHPodcast/status/1638975546553143297

​

BITCOINCASHPODCAST.COM

11

Meme of the week

https://twitter.com/fruitymuncher/status/1638703622560047105

Who really knows what’s going on anyway?

BITCOINCASHPODCAST.COM

12

BITCOINCASHPODCAST.COM

13

That's called obsession

It's something that you live

The only single thing that matters

After your wife and your kids

​

Cos if you can't learn to float

Then you sink or you swim

Patrons!

• Ricky
• HP

Sponsors!

• General Protocols
• Check out bchbull.com

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

Thanks to donators!

Shoutouts for the show

bitcoincash:qp4u3xdgj282j89eyjkvcauednyq6cj4rgj0pqz3vg

BITCOINCASHPODCAST.COM

14

BITCOINCASHPODCAST.COM

15