Announcements

• Respect people’s privacy
• Chatham House rules
• Join our telegram group
• Follow us on Twitter (@HonoluluBitcoin)
• Donate sats
• Sponsor shoutout
  • Hawaii Technology Development Corporation
  • Entrepreneurs Sandbox

Geopolitics

• US government announces seizure of 50676.17 bitcoin that was stolen from Silk Road
• El Salvador presents bill to Congress that paves way for bitcoin-backed volcano bonds

Market/Adoption

• FTX collapse and contagion
  • Deep dive into Sam Bankman-fried (SBF) and the FTX / Alameda fraud
  • FTX Collapse And Humility Of Bitcoin
  • The FTX Fiasco and the Fallout to Come
  • FTX’s downfall and crypto’s Bitcoin betrayal
  • BlockFi files for bankruptcy as FTX contagion spreads
  • Gemini Earn and Genesis Global Capital halt withdrawals/redemptions amid Genesis solvency concerns
  • Stay humble. Stack sats. Practice self-custody.
• Bitcoin Policy Institute releases new report on Proof of Reserves

Technology

• LND v0.15.4-beta: hotfix release to fix another critical chain sync bug
  • Second critical bug in less than a month causing LND nodes to fall out of sync with the blockchain
  • Bug intentionally triggered by the same developer that caused last month’s LN bug
  • Specifically targeted LND nodes - OP_RETURN message said “you’ll run cln. and you’ll be happy.”
  • Lots of debate on whether publicly exploiting the bug was the ethical choice
• Full replace-by-fee (RBF) debate
  • Bitcoin Core 24.0 release candidate includes controversial mempoolfullrbf configuration option
  • Pros and cons of merging full RBF into Bitcoin Core
  • John Carvalho’s argument against changing the default RBF behavior in Bitcoin Core
• Cash App now allows sending and receiving bitcoin payments via Lightning
• Trezor enables KYC-free P2P bitcoin trading via Hodl Hodl integration
• Synonym launches Bitkit mobile wallet to showcase Slashtag technology
• Perth Heat baseball fans can now ‘boost’ players with bitcoin over the Lightning Network

Mining

• Margin Squeeze - How bitcoin mining revenues evaporated over the past months

Optional Topics

• Bitcoin White Paper Day was on 10/31
  • Anniversary of when Satoshi released the whitepaper to a cryptography mailing list on October 31, 2008
• Biden administration wants to make it easier to seize bitcoin without criminal charges
• Lugano and El Salvador sign economic agreement to foster bitcoin adoption
• BitMEX renews Rene Pickhardt’s, Gleb Naumenko’s, and Chris Coverdale’s Bitcoin Developer Grants
• Vinteum nonprofit announces bitcoin Utreexo grant for Davidson Souza
• Popular Lightning analytics company ‘Amboss’ launches controversial data sharing feature that threatens Lightning privacy
• Bitcoin miner Core Scientific warns it might go bankrupt; stock plunges
• Bitcoin miner Stronghold Digital gave NYDIG 26200 ASICs in exchange for relief from $67.4 million of debt
• Blockstream launches Build On L2 (BOL2) community for bitcoin development
• BLIP: encrypted chat powered by Lightning
• How Lightning revolutionizes crowdfunding
• Tor Project releases annual financial statements
  • ~38% of revenue came from US government funds