The Best in Bitcoin made Audible.
Guy Swann makes the knowledge of Bitcoin, the world’s most secure, independent money, accessible to everyone. Exploring Bitcoin from an investment perspective, economic analysis, its philosophical foundations, & technological primitives. Reading and distilling thousands of hours of others’ works on Bitcoin, Guy explains everything you need to know.
The podcast Bitcoin Audible is created by Guy Swann. The podcast and the artwork on this page are embedded on this page using the public podcast feed (RSS).
December brings with it a return to the glory days of FUD. Blackjack has done the unthinkable, and the 21 million limit to Bitcoin is in grave danger. Saylor is running his own personal Ponzi that's absolutely killing it. The Blocksize War is back again and Roger Ver is suddenly relevant thanks to the feds who control Bitcoin being very mad at him for writing a book. All this and a partridge in a pear tree with Mechanic, Steve, Jeff, and myself, for Guy's Roundtable to wrap up the month of December and close out the year. Don't miss it!
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"Ecash got reintroduced with the two open source projects Fedimint and Cashu. In my opinion, the main reason for this revival is the following fact: Unlike an implementation of ecash in the fiat world, that would rely on the permissioned system to "allow" something like ecash to exist, bitcoin does not come with that limitation. The permissionless nature of bitcoin allows for these protocols to exist and interoperate with the existing bitcoin stack."
-Gandlaf21
Can Ecash, a privacy preserving but centralized and custodial system, coexist with the decentralized and permissionless nature of Bitcoin? Does it pose a threat to self-custody, or can it provide a more private and user-friendly experience for those who struggle with the complexities of holding their own coins?
Explore the potential benefits and drawbacks of Ecash and its implications for the future of financial services.
Check out the original article at Ecash on Bitcoin (Link: https://tinyurl.com/ts6f64yt)
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"The payment network has no value if your asset is not desirable. Like this is not, you cannot have this, like I'm just gonna build all of this stuff on top of it. And if none of the assurances of the underlying, those things don't matter because its value is in the quote unquote utility of payments.
Money is its own utility. Money is its own utility because where on earth do you hold value in something that can hold enormous amounts of value that has no counterparty risk, that has nobody in charge, that has nobody that can rug pull you. You do not understand that is a $100 trillion problem.
That is the biggest problem on earth."
~ Guy Swann
In this episode, I sit down with Jack Spirko, host of The Survival Podcast, to dive deep into the world of Bitcoin, the future of stablecoins, and the evolving landscape of digital currency.
How do you separate speculation from real-world value in an ever-changing market? Is Bitcoin destined to become a purely digital store of value, or is there more to its role in everyday life? We explore the limitations of altcoins and whether the rise of stablecoins might reshape the way we think about money itself. And what does it mean for personal sovereignty when the financial system is transitioning to something entirely digital?
Jack shares his insights, challenges some of the prevailing narratives, and offers thought-provoking perspectives on the intersection of Bitcoin, survival, and true independence.
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"There are so many reasons to be interested in peer-to-peer. You can be interested in it for resilience, because there are no middlemen, so it's going to work if any of your devices are online. You can also just be interested in it from this angle, the idea that if you have full control of your data, and the code that you're using, that you're running on that data, then anybody can fork it, modify it, tweak it, and create a whole... That's where the Cambrian explosion comes in, this whole proliferation of apps that give users very different experiences."
~ Andrew Osheroff
In this conversation, I had the privilege of joining Mathias Buus, David Clements, and Andrew Osheroff from Pears.com, Keet, and Holepunch for an engaging fireside chat about the transformative power of peer-to-peer technology. Together, we explored how P2P is reshaping the internet, enabling greater freedom, and redefining how we communicate and collaborate in a decentralized world.
This conversation delved into the intersection of technology and liberty, highlighting the potential of P2P to challenge centralized systems and empower individuals. Whether you’re passionate about Bitcoin, decentralization, or the future of digital freedom, this was an inspiring and valuable discussion that I’m excited to share again.
Original episode on Pears YouTube - How P2P is changing the Internet - A fireside chat with Guy Swann & the Holepunch/ Keet team (Link: https://www.youtube.com/watch?v=InmemKYD6ZM)
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Mathias Buus on X: (Link: https://x.com/mafintosh)
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David Clements on X: (Link: http://twitter.com/davidmarkclem)
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"Ossification is complacency. Yes, we all agree that Bitcoin is great. But _I do not agree_ that Bitcoin has reached its full potential. I think complacency is one of the greatest threats to Bitcoin - we must not rest upon our laurels." — Lopp
Bitcoin crosses a hundred thousand dollars. Your Bitcoin investment has exploded. You're looking at it and all you can see is how much it's worth in dollars. And so you send your buddy guy a message and you say, "When should I sell my Bitcoin?" And from the average person's perspective, I think what is the logical answer to that question is really difficult to understand. Because it requires a shift in the frame of what you think is worth measuring against. The answer could not be simpler. You don't. You never sell a good money to get more of a bad money. But since that requires explicitly an explanation and a shift in framing, I think it's
Time for a guy's take episode.
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“It's a dangerous business, Frodo, going out your door. You step onto the road, and if you don't keep your feet, there's no knowing where you might be swept off to.” ― J.R.R. Tolkien
"Ossification is complacency. Yes, we all agree that Bitcoin is great. But _I do not agree_ that Bitcoin has reached its full potential. I think complacency is one of the greatest threats to Bitcoin - we must not rest upon our laurels." — Lopp
How should we frame the debate between ossification vs continuous development and planning for future soft forks of the Bitcoin protocol? Is there a clear and obvious path that can be argued for, or is there something else at play that limits both sides of the debate, possibly presenting a false dichotomy that can be overcome? We dive into a great article laying out the perspective of bitcoin OG, Jameson Lopp, followed by a short take by Aaron Von Wirdum before Guy's take to pull it all together.
To change Bitcoin, or to not change Bitcoin? Is that really the question?
Check out the original article by Jameson Lopp at "On Ossification" (Link:https://blog.lopp.net/on-ossification/)
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“It's a dangerous business, Frodo, going out your door. You step onto the road, and if you don't keep your feet, there's no knowing where you might be swept off to.” ― J.R.R. Tolkien
"On nostr we have maybe a couple hundred thousand users who are active, but all all those users are holding their keys. We're actually bootstrapping this censorship resistant network. There isn't anything like that out there. Nostr is the only game in town when it comes to truly sovereign presence on the web."
- Miljan
What does it take to create a user-friendly Bitcoin and Nostr experience that balances accessibility with the principles of sovereignty? In this episode, I sit down with Miljan to explore how Primal is pushing the boundaries of social media and micropayments. We dive into the challenges of custodial versus non-custodial wallets, how the zapping economy is transforming online interactions, and why mobile apps might hold the key to mass adoption.
Miljan shares the thinking behind integrating Bitcoin into everyday apps, solving spam with Nostr's web of trust, and designing a product that feels as polished as legacy platforms while staying true to decentralized values. Could this be the path to onboarding millions to Bitcoin without them even realizing it? Tune in for a fascinating look at how the game theory of Bitcoin is playing out in the wild.
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"Imagine a sports game where different players are motivated by distinct incentives, defenders aiming to pull the ball outside the field, midfielders prioritizing maximum passes, attackers focused on scoring the most goals, goalkeepers rewarded for saving the most shots, and coaches for the most words shouted from the bench. You can imagine that will not be an optimal team performance when they step on the field, the team winning should be prioritized over any individual player's performance."
— Ivan Makedonski
Can Bitcoin and the Lightning Network provide a new foundation for aligning incentives and creating a more efficient and harmonious approach to construction and other industries? Join me as I read and discuss an article by Ivan Makedonski, exploring the potential for instant settlement to disrupt traditional industries and create new opportunities for collaboration and innovation.
Check out the original article at Instant Settlement: The Construction Industry by Ivan Makedonski (Link: https://tinyurl.com/yhcw34m5)
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"Nature uses only the longest threads to weave her patterns so that each small piece of her fabric reveals the organization of the entire tapestry."
— Richard P. Feynman
Guy's Roundtable gets together for another awesome breakdown. Covering all the happenings this month: Trump wins the election, new bitcoin innovations, court rulings on privacy and free speech, bitcoin surges through the all time high, and trying to know what it is we know about the things we don't know. Mechanic, Jeff, Steve and Guy assemble to get some OG wisdom and ranting for the month in Bitcoin.
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"This is also an interesting case study in how Bitcoin resists duplication. You can create something which looks cosmetically similar to Bitcoin, but you cannot replicate the settlement assurances which derive from the costliness of the ledger."
— Nic Carter
A correction needs to be made. Thanks to a great thread by Anilsaidso, with a list of fundamental pieces in Bitcoin in order to grasp a deeper understanding, Bitcoin Audible had audio of all of them in the feed, except one. While I'm certain I have the audio somewhere, its time to get it back in the feed with a brilliant piece explaining one of the most misunderstood elements of Bitcoin, the value it provides, and why nothing else competes. There is no second best, and this will help to understand why. It's the Settlement Assurances, Stupid, by Nic Carter.
Check out the original article at It’s the settlement assurances, stupid by Nic Carter (Link: https://tinyurl.com/c38sm5ah)
Anilsaidso's Excellent list of Bitcoin Fundamentals
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"Any fool can know. The point is to understand"
— Albert Einstein
"Panic is rising. Bitcoin, the way out of their giant Ponzi scheme, does not want to die, but the survival of the fiat system depends on the lack of an alternative. The entire system is therefore in danger."
— Alexandre Stachtchenko
The ECB is at is again with a new, 20 page "research" paper on the economic dangers of a possible future in which Bitcoin survives. Yes it's just another pile of drivel from the same authors who have decried Bitcoin as a useless, empty bubble destined for a quick and embarrassing death. Yet the embarrassment seems to turn the other way when the bubble still doesn't pop, and Bitcoin still doesn't die.
Despite the obvious intellectual dishonesty permeated throughout the paper, is there a more fundamental capitulation in their framing? Have they actually conceded something critical despite their careful attempt to show no signs of any possible benefit to Bitcoin whatever? Is there a sense of panic in their words?
Check out the original article at The Great Capitulation by Alexandre Stachtchenko (Link: https://tinyurl.com/3sczkspe)
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"He was giving me enough rope to hang myself with. Apparently he didn't realize that once a noose is tied it will fit one neck as easily as another."
— Patrick Rothfuss
"Never half-ass two things. Whole-ass one thing."
— Ron Swanson
Focus. Easily spoken, hard to live by. There are many lessons that Bitcoin teaches, and one that is more clearly true the older I get, is that every single thing in a trade off. And not just solutions, or tools, or networks, but the very thing that you spend your time thinking about, at the expense of all other things. What dreams you spend your time building, at the expense of all other dreams. What new ideas you begin, at the expense of what you've already started, and not yet finished.
Its time for an overdue change, and today I wanted to share my thoughts, how we got here, and what to expect in the future.
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Want to get into Bitcoin but not ready for self custody? Use custodial multisig for the best way to distribute trust across multiple institutions and even jurisdictions! Check out OnRamp. (Link: BitcoinAudible.com/onramp)
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Get the lesson in real economics that you never got in school, and teach your kids the truth, not the statist insanity that is Keynesianism. Liberty Classroom is the invaluable resource you are looking for! (Link: BitcoinAudible.com/Liberty)
“The original idea of the web was that it should be a collaborative space where you can communicate through sharing information.”
― Tim Berners-Lee
"There is no justice in following unjust laws. It's time to come into the light and in the grand tradition of civil disobedience declare our opposition to this private theft of public culture. We need to take information wherever it is stored make our copies and share them with the world. We need to take stuff that's out of copyright and add it to the archive.
We need to buy secret databases and put them on the web. We need to download scientific journals and upload them to file sharing networks. We need to fight for guerrilla openaccess."
— Aaron Swartz
What happens when the pursuit of knowledge and information is restricted by those in power? Can the free flow of ideas be considered a moral imperative, and what are the consequences for those who dare to challenge the status quo? In this episode, we explore the Guerrilla Open Access Manifesto and the story of Aaron Swartz, a pioneer in the fight for open access to information.
Check out the original article at Guerrilla Open Access Manifesto
by author
(Link: https://tinyurl.com/4vddx5am)
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Want to get into Bitcoin but not ready for self custody? Use custodial multisig for the best way to distribute trust across multiple institutions and even jurisdictions! Check out OnRamp. (Link: BitcoinAudible.com/onramp)
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Get the lesson in real economics that you never got in school, and teach your kids the truth, not the statist insanity that is Keynesianism. Liberty Classroom is the invaluable resource you are looking for! (Link: BitcoinAudible.com/Liberty)
“The original idea of the web was that it should be a collaborative space where you can communicate through sharing information.”
― Tim Berners-Lee
"Once you understand the economic situation of the United States and how they're in a debt spiral, there's only one way out of it and it's to turn the money printer on so that they can inflate.
Once you understand that that's their incentive, their incentive is not to spend money efficiently, it's to pump more dollars into the system, and any excuse they can use to do that, they're gonna take it... and a disaster is the perfect opportunity."
~Jordan
What happens when disaster strikes and the traditional systems of aid and support fail? Can decentralized networks and technologies like Bitcoin and mesh networks fill the gap and provide a more effective response?
Join me as I discuss this and more with my guests, who have been on the ground in North Carolina, responding to the aftermath of Hurricane Helene.
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"How could any financial system avoid being captured by those who already hold the most power and wealth? Won’t it just lead to the same unequal system again, only in a new form?” you might ask. The answer is as simple as it is powerful."
— Petter Englund
Will a Bitcoin-based economy simply perpetuate the same inequalities as our current system with the same elite dominating, or does it offer a fundamentally different paradigm? Can a system based on sound money actually reduce the influence of the wealthy and powerful, and incentivize the creation of real value? Dive into this thought-provoking article and Guy's rant to follow, as we explore the potential of Bitcoin to radically transform our economic landscape.
Check out the original article at Opting In: How Bitcoin Appeals to the Old System’s Deepest Flaw to Radically Transform It by Petter Englund (Link: https://tinyurl.com/3ej7s3zh)
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“All rational action is in the first place individual action. Only the individual thinks. Only the individual reasons. Only the individual acts.”
― Ludwig von Mises
In this previous episode of Final Settlement, I joined the show to tackle custodial threat vectors and the security challenges unique to Bitcoin. We discussed Bitcoin as apolitical money and its role as a digital bearer instrument, which brings with it the complex issue of secure custody. I shared insights from a recent personal security incident when my room was broken into at a Bitcoin conference in Lugano, underscoring the very real risks we face.
We explored the evolution of Bitcoin custody, the importance of multisig setups, and the approach of Onramp’s Multi-Institution Custody in mitigating custodial threats. Raising awareness about these risks is essential, and this conversation offered important takeaways for anyone looking to secure their Bitcoin. It’s a crucial discussion worth revisiting as the industry continues to grow.
Link to original episode: Final Settlement E016: Assessing Custodial Threat Vectors with Guy Swann (Link: https://tinyurl.com/3be22hjw)
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"The server owns your data, owns your account, and owns the cryptographic keys used to secure it.
That last bit is obscure, but important. Cryptographic keys are how we enforce security, privacy, ownership, and control in software. Not your keys, not your data."
— Gordon Brander
What is the key to achieving true freedom and autonomy in our digital lives? We have tried so many times and continue to learn lessons as the natural progression of networks reconsolidates around a central entity or oligopoly that soon turns from providing a service, to exerting its power. Why does this happen and how do we prevent it? Is it inevitable, or are we watching the slow evolution and failing to simply see the clear path it is leading us toward? Today we dive into a fantastic article by Gordon Brander on the evolution of networks, and the emergence of Nostr.
**Check out the original article at Nature's many attempts to evolve a Nostr. (Link: https://tinyurl.com/42xa4t4h)
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How will governments respond to the growing threat of decentralized money, and what are the implications for individual freedom and sovereignty? And can bitcoiners navigate the complexities of scaling and decentralization, or will the allure of convenience and ease of use lead to compromises on core principles?
Join the roundtable discussion as we delve into these questions and more, exploring the latest developments in the world of bitcoin and beyond.
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Was a recent break-in at a luxurious hotel just a coincidence, or a targeted attack on a Bitcoiner? We should expect that bitcoiners will be targeted. If not by governments, then simply by thieves, scammers, and opportunists. This is something that my brother and I learned very acutely with our trip to Lugano and the Plan B conference, where a man broke into our hotel room presumably to get access to our devices or steal any valuables we may have been traveling with, and we caught him in the act. This episode is a lesson in preparedness, complacency, and hopefully a wake up call to those who think things will be smooth sailing. Don't be one who has to learn the truth the hard way.
When did Noah build the ark? Before the storm.
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"One need not destroy one's enemy. One need only destroy his willingness to engage."
— Sun Tzu
"The market of bitcoin holders will ultimately expand to be larger than the size of any single country, and direct exchange will be possible by and between more people than ever before. That itself might be the single largest driving force that will expand the scope of trade and direct exchange–more people holding and being willing to accept bitcoin will create more trade channels than could possibly exist in the fiat world."
— Parker Lewis
Is it paradoxical that bitcoin's value could increase as it becomes easier to spend? In this episode, we explore the idea that bitcoin's value is rooted in its utility as a medium of exchange, and what this might mean for its future adoption and use.
Check out the original article at Bitcoin's Exchange Theory of Value (Link: https://tinyurl.com/3te3s666)
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Quote:
“It is the mark of an educated mind to be able to entertain a thought without accepting it.” ― Aristotle
In a episode of TFTC, I sat down with Marty Bent to break down the reality behind the hurricanes devastating America and the government's inept or even malicious response to these disasters. We explored the absurdity of resource allocation, the overwhelming destruction, and how people on the ground are often 1000x more effective than the bureaucratic systems in place. We also discussed the important work of Bitcoin Veterans, and how disaster and conflict can turn into rackets.
Throughout the conversation, we touched on the lethargy of government in the face of urgent crises and how open-source innovation, including AI, could provide better solutions. This was an important and insightful discussion that cuts through mainstream narratives, revealing truths that need to be heard. It’s a valuable conversation that I’m excited to share again.
Original episode on TFTC - Cleaning Up After Helene. What’s REALLY Happening? Where’s The Government? (Link: https://tinyurl.com/yc5xe4mp)
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"A victory in revolution doesn’t come free or easy. For Bitcoin to really do what many of us hope it can, it’s really necessary at the end of the day to walk a painful path. And that means people have to choose to walk it. Many people in this space think that governments will simply roll over and let Bitcoin win, but that is just a feint to move in and capture it.
We need to push to build around them, build in parallel, and force their hand. If they don’t actively fight it, then there is something else going on. That isn’t good for us." — Shinobi
Will Bitcoin's path forward be one of capitulation to the existing financial system, a revolution against it, or fragmentation into a multitude of smaller, less effective networks? An article by Shinobi, reflecting on the 2013 musings of Mircea Popescu, explores these possibilities and more. Today we get both Shinobi's and Guy's Take on the future of Bitcoin, its potential to reshape the global economy, and which door it will choose.
Check out the original article at The Three Doors (Link: https://tinyurl.com/mwek529z)
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"Never doubt that a small group of thoughtful, committed citizens can change the world; indeed, it's the only thing that ever has."
— Margaret Mead
You've likely been fed the narrative that inflation stimulates spending, benefits the economy, and that government expenditures have a profound 'multiplier effect.' This is often accompanied by an oversimplified explanation of how a money printer somehow magically boosts economic activity. These claims are just a few of the many justifications tied to the inevitable consequences of counterfeiting by government. However, the truth is that inflation has a singular, fundamental effect that's surprisingly straightforward to grasp. Beneath the surface, all the touted benefits of inflation crumble, revealing a far more insidious reality. It's time to cut through the noise and set the record straight, which is why I think it's time for a Guy's Take episode.
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"Think before you speak. Read before you think."
— Fran Lebowitz
In this episode originally on THE Bitcoin Podcast, I had an intense and unfiltered conversation with Walker, where we dove into some hard truths about the nature of government, the fiat system, and the illusion of ownership in modern society. We discussed how true prosperity stems from good money and community-driven trade, while government and fiat act as destructive forces. I likened both to cancer—something that can't just be treated but must be completely removed to allow society to heal.
We also touched on topics like FEMA, Hurricane Helene, and how corruption permeates the system, keeping poverty as the default state for most people. This was a raw and valuable conversation, offering perspectives that challenge the mainstream narrative and are well worth sharing.
Here's the original episode on THE Bitcoin Podcast. (Link: https://www.youtube.com/watch?v=tGoQSt_o2p0)
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"These findings are notable because they demonstrate that even though the strength of the correlation may vary based on the time frame, Bitcoin’s price direction generally aligns with the direction of global liquidity. Furthermore, its price direction more closely mirrors global liquidity than any other traditional asset analyzed."
— Sam Callahan
If Bitcoin was set to become the purest price signal in the global economy, how might that manifest before it became a more widespread medium of exchange, and still played mostly the role of risk asset in global markets? Would it maybe provide the clearest, least affected by other arbitrary supply changes, market conditions, or jurisdictional economic effects than any other asset? Might it already be the best asset in the world for a directional correlation with global liquidity and a mirror for the money supply than every other traditional asset?
What if we had analysis that suggested exactly this? Sam Callahan and Lyn Alden bring us this incredible investigation into Bitcoin's role in the global economy, and how it may already be telling us more than we realize. Don't miss this incredible investigation into global markets.
Check out the original article at Bitcoin: A Global Liquidity Barometer (Link:https://tinyurl.com/yaur4wrb)
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"Education is an admirable thing but it is well to remember from time to time that nothing that is worth knowing can be taught."
— Oscar Wilde.
Today we dive back into the Pear universe and catch up on the many recent changes, updates to apps we've discussed, and explore new ways we are using them. This episode is primarily built for video so if you haven't subscribed to the YouTube or Rumble channels, don't forget to check them out!
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It's here! We are back for the second Roundtable!! What do Coinbase and the Blackrock debacle, paper Bitcoin, the difference between privacy and anonymity, Bitcoin drama, the capitulation of Telegram, the problems of centralized mining pools, and the efforts to re-decentralize it have in common? That's right, Guy's Roundtable!
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"Everybody's acting as nothing happened. And in Germany, it was so brutal. We had two lockdowns. Each was 6 and 8 months. Like there was a curfew. This is why I found nostr so fascinating. This is why this affects me so personally and why I'm so passionate about it. It's like, oh my God, there is hope."
~Tanja Bächle
There is more about Bitcoin and Nostr than merely the tech. More people will be brought in by the energy, the constant building and problem solving, and the feeling of hope that comes with it. Tanja, new to both Bitcoin and Nostr, has gone head first down the rabbit hole. She has taken on a major organizational role in the Nostr Booth Initiative, after being brought in by the potential she felt meeting the volunteers, entrepreneurs, and cypherpunks in the Nostr world.
She joins me to share her journey of how she lost faith in the fiat world, chose to break from it by living in silence with monks, used her writing to empty her mind of the weight of it all, and then her discovery of bitcoin and nostr and finding hope in our decentralized future.
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"Stablecoins are acting in a way where they're bottoms up becoming a country. Countries are trying to reason with it, and the one thing the US is starting to understand is that whatever this thing is, it buys a ton of treasuries.
I think what is gonna end up happening is the Western block, for a lack of a better word, they’re putting their eggs in the stablecoin basket."
- Roger Huang
Today we bring on Roger Huang, author of "Would Mao Hold Bitcoin," in a fascinating conversation that spans the intricacies of China's surveillance state, the role Bitcoin played in resistance struggles around the world, the implications of central bank digital currencies, the stablecoin war, and the potential for bitcoin to become a global reserve currency. This one is not to be missed.
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"Sadly, there has been very little in the way of a clear definition of MEV in the context of Bitcoin. And the standard definition of the term is so broad as to be entirely useless in discussions of protocol risk."
— BlueMatt
As Bitcoin becomes increasingly expressive, does it risk sacrificing its core value of censorship resistance? Can the concept of Miner Extractable Value (MEV) be redefined to distinguish between its broad, unavoidable forms and the more insidious "MEVil" that threatens decentralization? Join us as we delve into Matt Corallo's thought-provoking article "Stop Calling it MEV" and explore the implications of MEV on Bitcoin's future.
Check out the original article at Stop Calling It MEV [BlueMatt's Blog] (Link: https://bluematt.bitcoin.ninja/2024/04/16/stop-calling-it-mev/).
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“It is the obvious which is so difficult to see most of the time. People say 'It's as plain as the nose on your face.' But how much of the nose on your face can you see, unless someone holds a mirror up to you?”
― Isaac Asimov
"I’m not asking you to fight the Beast of Big Politics, Big Tech and Big Media.
Honestly I don’t know how you would. This is the end of an age, the _fin de siecle_, the period of time where the Beast is strongest because it is everywhere and invisible all at once. Big Politics, Big Tech and Big Media _are_ the water in which we swim. We are totally immersed in the common knowledge that the enemy is the Other Party, and until that common knowledge is weakened substantially, any direct challenge to the Beast is a suicide mission. A noble suicide mission, like charging a fascist machine gun nest in the Spanish Civil War, but a suicide mission all the same."
— Ben Hunt
Today we dive into an important and sobering piece. A brilliantly written one that will challenge you to reflect on something we have all been a part of, and that we attempt to be honest and see how we have been pulled into a dangerous feedback loop that will send us to a place we don't want to be.
If you end up only listening to a few episodes of the show that strike interest from the title and description... don't let this be one that gets skipped.
Check out the original article and other links at:
This is the Great Ravine - Epsilon Theory (Link: https://www.epsilontheory.com/this-is-the-great-ravine/)
Epsilon Theory on X (Link: https://x.com/EpsilonTheory)
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"Go, track how many times the word "racism" was mentioned, and around 2012, it shoots up.
Social justice shoots up.
Transgenderism shoots up.
White privilege shoots up.
This was forced on the American people.
Why are we having these conversations now?
The people did not wake up one day and decide we want to have a national conversation about chicks with dicks.
That didn't happen.
This wasn't an organic movement.
It was all of the most powerful people decided this is what we're going to talk about, and why was that?
Look, when you're failing on policy, you pivot to a culture war.
You pit people against each other, so they're fighting each other.
We had, in this country, we had an occupied Wall Street movement where leftists were standing outside of big banks, screaming, "We are the 99 percent."
Right-wingers had a populist movement called the Tea Party, where they were outraged about the bailouts of big banks.
Unsustainable debt, government spending, they don't like that.
That's not what the powers that be like.
Look, they like you fighting about issues like abortion.
Now, I'm not saying abortion isn't a very important issue, it's a very important issue, but us fighting about that issue doesn't scare anyone at the Federal Reserve.
It doesn't scare anyone in the CIA.
They don't care if you fight about that issue.
They love you fighting over transgender bathrooms."
— Dave Smith
"Sometimes your gut feelings lead you astray—particularly in mathematics, in which one constantly comes across results that seem impossible... There are also many scenarios that appear contradictory at first glance (or second or third). These paradoxes can be explained, however. They are not errors but rather reminders that we should not rely too heavily on our intuition in mathematics."
-Manon Bischoff
What if our intuition can trick us when it comes to understanding complex and interactive systems? What happens when our worldview is challenged by seemingly contradictory ideas? In this episode, we explore three mind-bending paradoxes in mathematics and examine how they can help us better understand the nuances of Bitcoin and the world around us.
Check out the original article and other great works of the author at Three of the Strangest Paradoxes in Mathematics (Link: https://tinyurl.com/5n9xk3r6)
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“Avoid negative people. They have a problem with every solution.” —Albert Einstein
"If we leave Bitcoin as it is, it’s a new money for the 1%. The 1% can absolutely hold their own coins in a way that they really couldn’t with gold in the same in the same way. So there’s. But the question is, are we are we building Bitcoin to be a new money for the 1% or the point 1% or are we building Bitcoin to be a new money for the world that fundamentally decentralizes people’s ability to control their own finance. And certainly I’d much rather be building the latter thing fundamentally decentralizing finance, not new money for the wealthy."
- ReardenCode
Have we reached a point where establishing consensus for a change to Bitcoin is even possible? Join me as I chat with ReardonCode to delve into the complexities of Bitcoin governance, try to find common ground on what Bitcoin actually needs, breakdown the various technical proposals, and explore the trade-offs between salesmanship, earnestness, and "pot-stirring" in the pursuit of a brighter future for Bitcoin. Is there a way to balance the need for innovation with the need for caution and prudence in the development of the Bitcoin protocol? Don't miss this chat.
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"Using the COLDCARD Mk4 is pretty straightforward. Yet, what goes on under the hood is far from obvious. Technical documentation, the hardware specifications and code used are available, yet not easily understandable by all. To best understand what’s going on under the hood, we will go through the process of setting up a COLDCARD and using it."
— Tristan Borges Solari
Today we are going to take a bit of a dive into the inner workings of hardware wallets, and the security and thinking around protecting your keys. Working from an article that breaks down how the Coldcard works at a technical level, and then geeking out on the design philosophy, simple strategies for creating and remembering PIN numbers, backup rituals, and writing spy stories. Hope you enjoy this one XD
Check out the original article at Understanding The COLDCARD Mk4 Security Model and Secure Element Use (Link: https://tinyurl.com/4y5m5ure)
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“The man who passes the sentence should swing the sword. If you would take a man's life, you owe it to him to look into his eyes and hear his final words. And if you cannot bear to do that, then perhaps the man does not deserve to die.”
― George R.R. Martin
Sometimes life will make you feel stuck, it will wear you down and gaslight you into believing you have made no progress. Small, persistent progress is hard to see, and its only when you take a big step back that it becomes clear. Today I explore the parallels between life's ups and downs and Bitcoin's market volatility and where we are today. I'll share why Bitcoin's limited supply and steady upward push make it a powerful reminder of the importance of seemingly tiny, but unceasing improvements, and why it's essential to endure through the tough times to still be there for the great times.
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"Yet knowing how way leads on to way, I doubted if I should ever come back. I shall be telling this with a sigh somewhere ages and ages hence: Two roads diverged in a wood, and I took the one less traveled by, and that has made all the difference.”
― Robert Frost
In this episode, Guy Swann hosts Burak for an in-depth conversation on the future of Bitcoin, smart contracts, and the innovative potential of Ark. What if Bitcoin could scale beyond its limits without compromising privacy or decentralization? Burak introduces BroLab, a groundbreaking framework that merges Bitcoin and smart contracts, but also explores Ark—a new P2P transaction model offering enhanced privacy and scalability for both business and personal use. How could Ark outperform lightning in peer-to-peer systems and revolutionize Bitcoin’s future? And what role will stablecoins, Web5, and reputation-based contracts play in transforming global finance and social systems? Dive into this thought-provoking episode as Burak and Guy break down the building blocks of the next generation of decentralized technology.
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"An argument for doing a consensus cleanup soft-fork first, prior to enabling any new opcodes or other features for new types of L2’s, is that we’d learn more about how willing the wider community is to implement what should be a relatively uncontroversial soft-fork that arguably benefits everyone."
— Peter Todd
In this deep dive into Bitcoin's Layer 2 solutions, we explore Peter Todd's comprehensive analysis of soft fork and covenant proposals. What are the trade-offs between different scaling solutions like CTV, OP_CAT, and SIGHASH_ANYPREVOUT? How might these changes impact Bitcoin's future, and what path forward offers the best balance of innovation and security? Join us as we unravel the complexities of Bitcoin's potential upgrades and their implications for the network's scalability and functionality.
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“We are what we pretend to be, so we must be careful about what we pretend to be.”
― Kurt Vonnegut
"Lightning achieved a many-to-one mapping of transactions to transactions... But creating even a single UTXO per user is, arguably, not good enough. So there are many proposals out there to achieve even greater scaling by allowing multiple users to share a single UTXO in a self-sovereign way. Again, collapsing another “space” dimension of scaling users into one UTXO."
— Peter Todd
Today we dive into Peter Todd's recent review of the various Layer 2 covenant proposals and the soft forks associated with them to analyze the core concepts, the costs, and benefits of each. For moving into the next realm of scaling with genuine "L2's," what are the trade-offs and possibilities for Bitcoin's future?
Check out the original report for more info and links to dig further
Soft-Fork/Covenant Dependent Layer 2 Review (Link: https://tinyurl.com/bdey68v4)
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"The bitcoin protocol can encompass the global financial transaction volume in all electronic payment systems today, without a single custodial third party holding funds or requiring participants to have anything more than a computer using a broadband connection."
— The Lightning Network Whitepaper
It's Here! Today I am thrilled to introduce the first episode of Guy's Roundtable. I've assembled a group of OG bitcoiners for a new monthly series where we dissect the latest developments in the bitcoin world. In this inaugural episode, we set the stage for what promises to be an enlightening journey through the ever-evolving Bitcoin landscape. Our mission? To keep you informed, spark thoughtful discussions, insult the right people, apologize to no one, and gain insight from the lunatics who've seen more bear markets and crazy storms in the bitcoin world than anyone else you know.
This is the first episode of Guy's Roundtable.
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Is the Bitcoin-Dollar theory a path to salvation or destruction for the US currency? Stablecoin issuers have become major buyers of US bonds, and political figures have flipped the script to embrace Bitcoin. What does this mean for the future of money, and will Bitocin reinforce dollar dominance or pave the way for a new monetary standard? It's time for a Guy's Take episode.
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“We are all in the gutter, but some of us are looking at the stars.”
― Oscar Wilde
"It’s been amazingly freeing because I don’t worry about my investments, mostly because I don’t have very many. I’m on a Bitcoin standard and I keep my value in my unit of account."
— Jimmy Song
What's the difference between investing in Bitcoin and living on a Bitcoin standard? In this episode, we explore Jimmy Song's insights on how shifting your unit of account to Bitcoin can transform your perspective on money, investing, and economic value. Find out how a Bitcoin standard frees us from the burden of arbitrary investment and the rat race of inflation avoidance in a sea of rent seekers. We aren't investing in Bitcoin, Bitcoin is our money.
Check out the original article at BTC Investing vs. BTC Standard (Link: https://tinyurl.com/asvsvvvp)
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“Sometimes a change of perspective is all it takes to see the light.”
― Dan Brown
"The end result was a historical wealth transfer from regular Americans to a handful of billionaires. This wealth transfer, which was heavily premeditated and provably used the COVID-19 crisis as cover, should be treated as an unprecedented theft from the American taxpayer. Yet few Americans know that it even happened." — Unlimited Hangout
We've always supposed that Bitcoin was going to challenge the dollar and reign in the irresponsible and corrupt monopoly held by the US govt over the global debt markets. But what if we were wrong? What if the embrace of Bitcoin and stablecoins by the US govt is actually a move that lets them not only maintain their levels of debt and degeneracy, but even expand them for generations to come? What if Bitcoin isn't the downfall of the dollar, but instead its savior?
Today we dive into another fantastic exploration of the problem with stablecoins and the political play for dominance being made by establishment powers, with Mark Goodwin's and Whitney Webb's incredible piece, "Trump Embraces the Bitcoin-Dollar."
Check out the original article at Trump Embraces the “Bitcoin-Dollar”, Stablecoins to Entrench US Financial Hegemony (Link: https://tinyurl.com/d692dxkd)
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"It is better to be hated for what you are than to be loved for what you are not." - Andre Gide
"The government is more than half of the economy. They control everything.
What this new battleground is showing is that in the Bitcoin world, within the Bitcoin environment, they're going to have to Samourai Wallet every one of us to get that money, which means it's not going to work. There's either going to be a revolution or society goes from a quiet fraud of 60% of our wealth to guns and whips stealing 60% of our wealth.
That second one is not sustainable."
- Guy Swann
In this episode of the Bitcoin Audible podcast, I’m excited to share my conversation from the Swan Signal podcast. Sam and I dive headfirst into the hidden truths behind money hoarding and the insidious effects of inflation on our society.
We peel back the layers on how these economic forces shape our daily lives, often in ways we don’t even realize. We also discuss why we celebrate Bitcoin Pizza Day - an iconic moment in Bitcoin history that symbolizes so much more than just a couple of pizzas - and much more.
This episode is a deep dive into the forces that drive our financial world and how Bitcoin stands as a beacon of hope in the midst of it all. It’s an episode that will challenge what you think you know about money and inflation.
Link to the original episode on Swan Signal Youtube.
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"The Fed, knowingly or not, is basically in charge of the global financial system. They may shout, “We raise rates in the US to fight inflation, global consequences be damned!!” – But that’s a hell of a lot more difficult to follow when large G7 countries are in the early stages of a full blown currency crisis.The most serious implication is that the Fed is responsible for supplying dollars to everyone. When they raise rates, they trigger a margin call on the entire world."
— Peruvian Bull
What happens when the world's third-largest economy faces the impossible trilemma? As central banks play a dangerous game of monetary policy, will the dominoes fall, triggering a worldwide economic meltdown? We dive into a great exploration from The Dollar Endgame, on what is happening in Japanese markets, why there was such a sharp drop in the Nikkei, and how the situation amounts to a decision between two great disasters: currency collapse, or economic collapse? Which Godzilla will they choose?
Check out the original article at Godzilla Returns (Link: https://tinyurl.com/bdf4se5y)
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“For money as for all other activities of man, “liberty is the mother, not the daughter, of order.”
― Murray N. Rothbard
"The government and the corporate environment so desperately want us to centralize so they can they can have total surveillance and they can have backdoors into everybody's stuff.
They're abusive and everything, but not everything's imploded yet. And that continues on. But we continue in this trajectory until at some point, the some little thing breaks or somebody actually makes a concerted effort to land an attack. And just because it's so clear that we are so vulnerable, and we realize that we have committed suicide.
We have set up all of the tools and all of the environment necessary for someone else to absolutely obliterate us. And we did it because we just wanted to spy on everybody's $600 transactions."
~ Guy Swann
What drives a Bitcoiner to dive deep into the world of decentralized finance and privacy-focused tools? Join me in this episode as I sit down with Daniel Prince to explore the intersections of Bitcoin, privacy, and personal freedom, discussing everything from the power of homeschooling to the future of digital sovereignty. Could these tools and philosophies be the key to unlocking a truly decentralized future?
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"In fact, this is the key feature that re-energized me toward Nostr a second time after my initial experience with it. Bitcoin and Nostr combined together work like an international decentralized open-source Venmo. It’s a method of payment combined with payment discovery."
— Lyn Alden
How might Nostr's open-source protocol transform our digital identities and interactions? What challenges lie ahead for its adoption and sustainability? Join us as we explore the power of Nostr with Lyn Alden's recent piece, and its implications for the future of the internet and Bitcoin ecosystem.
Check out the original article at The Power of Nostr: Decentralized Social Media and More by Lyn Alden.
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"Lenin was certainly right. There is no subtler, no surer means of over- turning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose."
~ John Maynard Keynes
"It would be wrong to think of Cypherpunks as a formal group. It's more a gathering of those who share a predilection for codes, a passion for privacy, and the gumption to do something about it. Anyone who decides to spread personal crypto or its gospel is a traveler in the territory of Cypherpunk."
— Steven Levy
Today we journey back to 1993 to explore a seminal article on the cypherpunk movement and the battle for digital privacy. How have the concerns raised three decades ago evolved in our modern digital landscape? What progress has been made, and what challenges remain? Join us as we examine the roots of the crypto revolution and its implications for our future, asking: Are we any closer to achieving the cypherpunks' vision of a privacy-preserving and sovereign digital world?
Check out the original article at Crypto Rebels (Link: https://tinyurl.com/5bxfrp7v)
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"When making public policy decisions about new technologies for the Government, I think one should ask oneself which technologies would best strengthen the hand of a police state. Then, do not allow the Government to deploy those technologies."
— Phil Zimmermann
"My thinking is always resilience. How did I make Proton resilient? And the conclusion I came to after thinking about it for a long time is actually the best way to be resilient is to enable the entire Proton community of 100 million people to very, very easily adopt Bitcoin, which is a form of money that's outside of centralized control." ~ Andy Yen
In this episode of Bitcoin Audible, we dive into a fascinating conversation with Andy Yen, the CEO of Proton, uncovering the intriguing story of how Proton's origins are deeply intertwined with Bitcoin. Discover how this privacy-focused company is challenging the norms by integrating Bitcoin into its ecosystem and offering a non-custodial wallet service. Could Proton's innovative approach be the key to unlocking a new era of digital privacy and financial freedom?
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"Lightning has already achieved a critical mass. It’s already obvious how a Cashu subnetwork and Fedimint subnetworks will communicate with each other: Lightning. That’s how they were designed, so switching the common language between networks would require rebuilding most of their parts. Like English, whatever language subnetworks use internally, Lightning is the language they use to speak to each other, and it’s already locked in." ~ Roy Sheinfeld
Lightning is emerging as the common protocol, or language, for the entire ecosystem of Bitcoin subnets and payment technologies. Will this standardization accelerate innovation and adoption in the Bitcoin ecosystem? What implications does this have for the future of Bitcoin infrastructure and its competition with traditional financial systems?
Check out the original article at Lightning Is the Common Language of the Bitcoin Economy by Roy Sheinfeld (Link: https://tinyurl.com/4689txvy)
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"Historically, what do nations do when they're on a gold standard and they need to fight a war? They just suspend the gold standard. The difference is that what Bitcoin brings is this decentralization, where if you were truly on a Bitcoin standard, someone in Washington, D.C. couldn't just say, "We're going off the Bitcoin standard now." That's the power that Bitcoin has, that you can actually have a chance at separating money and the state, and that is the most important thing in the world to do."
~ Dave Smith
In this episode of the Bitcoin Audible podcast, I'm releasing an insightful panel discussion from the Bitcoin 2024 event, where I was joined by three brilliant minds - Mark Moss, Luke Gromen, and Dave Smith.We dive deep into a crucial topic: the intersection of government overreach, fiscal irresponsibility, and Bitcoin's transformative potential.
We explore how government control over money has fueled endless wars, cultural manipulation, and economic distortions. Our conversation delves into the ways Bitcoin, and its decentralized nature, might be the key to separating money from state control, leading us toward a future of fiscal responsibility and economic growth.
Join us as we discuss the current landscape of government spending and debt, and how Bitcoin offers a crucial solution to these pressing issues.
Original episode on the Bitcoin Magazine YouTube channel (Link: https://tinyurl.com/3xazeffm)
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Is Trump's speech at Bitcoin 2024 a sign of genuine support or just typical political pandering? Today we explore the implications of politicians courting the Bitcoin community, questions the motives behind their promises, and explores the potential for Bitcoin to reshape the geopolitical landscape. Will the next election cycle mark a turning point for Bitcoin's role in politics, or is this just the newest form of political grifting?
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"Whenever you find yourself on the side of the majority, it is time to reform, or pause and reflect.” ~ Mark Twain
"Something else has to go down in order for something to go up. That's why it is specifically a relative weight between all of these things... You can't just charge $100,000 dollars for something if nobody has that money, and then think that you're gonna sell it. You'll never can't sell it for that. You can't sell something for an amount of money that doesn't exist. Just look at the stock market. You're just looking at money printing going into the financial system before going into everything else. That's all it is."
~ Guy Swann
Original episode on the Meme Factory™ YouTube channel (Link: https://tinyurl.com/ybjvz4f2)
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It's time to accept some hard truths. Today we are going to challenge some common assumptions about Bitcoin's scalability, privacy, and transaction fees. Is Bitcoin really even global peer-to-peer cash for everyone? Is privacy even still in the cards for Bitcoin? Is there anything left in crypto at all? And what will be the future nature of fees when Bitcoin is a global dominant store of value, and is there an analogous market can we explore today for insight into what this market may look like in the coming decades? It's time for a Guy's take episode...
Links to check out
- Bitcoin 2024 conference (Link: https://b.tc/conference/2024)
- Situational Awareness series on AI Unchained (Link: https://tinyurl.com/33rpewj2)
- Ark Labs (Link: https://arklabs.to/)
- Fedimint (Link: https://fedimint.org/)
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“Yesterday I was clever, so I wanted to change the world. Today I am wise, so I am changing myself.” ~ Rumi
"I really wanted to screen share stuff with people and make it as easy as possible and I got fed up. So I was just like, okay, you know, let's throw this up and let's stick on a nostr log in and let's add lightning zaps to it as a starting point. It was pushed out a bit prematurely, but... I think a lot of people want to use it.. they want a way to talk to other people where you're not really getting tracked.
We want to be able to provide a space where people don't feel like there's some Googly eyes watching whatever they're talking about. And I don't want to know either... the way I think about this is if someone comes along and subpoenas penis that server, there's nothing there."
~ BitKarrot
What if the future of the internet lies in decentralized, peer-to-peer technologies? In this wide-ranging conversation with BitKarrot, explore the challenges and opportunities of building open-source projects in the Bitcoin and Nostr ecosystems. From the intricacies of monetization to the potential of AI integration, discover how developers are working to create a more private, sovereign internet experience. But can these grassroots efforts compete with the centralized tech giants, and what hurdles must be overcome to achieve mass adoption?
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"Only the giant corporations are gonna have this and anybody less than a billion dollars, these won't exist. And that was scary, I was like, this can undo what Bitcoin is doing unless we get ahead of this. Luckily I actually now think that despite the fact that there will elements of centralizing forces in AI, this will contribute more to the diseconomies of scale of the giant corporate setup and the government institutions in the sense that the bigger you are, the less it helps you."
~ Guy Swann
I had the pleasure of chatting with Preston Pysh about the fascinating intersection of AI, Bitcoin, and identity. This conversation dives deep into the transformative potential of AI and its implications for the future of decentralized systems. We explore how AI can synthesize vast amounts of information and discuss why AI models might become a decentralizing force. We also delve into the incentives driving data accumulation and why starting AI models from scratch isn't the optimal approach. Additionally, I share my thoughts on Sam Altman's World Coin and the growing connection between identity and AI, including how to navigate this pairing. Finally, we touch on the necessity of immediate settlement for AI advancements. Tune in to explore these compelling topics and more!
Original episode on The Investor's Podcast Network (Link: https://tinyurl.com/yc7anptk)
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"The former Speaker predicts "The dollar will suffer a major confidence shock” and as a result asks, “What can be done?” His immediate answer is to “start by taking stablecoins seriously.” Dollar-backed stablecoins are arriving as “an important net purchaser of U.S. government debt,” with stablecoin issuers now the 18th largest holder of US Debt. Ryan goes on to say that “if fiat-backed dollar stablecoin issuers were a country,” that nation “would sit just outside the top 10 in countries holding Treasurys,” still less than Hong Kong but “larger than Saudi Arabia,” our former partner in the petrodollar system."
~Mark Goodwin & Whitney Webb
In the shadowy world where finance meets technology, a select group of powerful players are shaping the future of money itself. From the founding of Visa to the halls of Harvard and the US Treasury, follow the intricate web connecting Wences Casares' bitcoin vault Xapo to Wall Street giants and former government officials. As regulatory battles loom, will this new financial paradigm strengthen or undermine traditional banking and government control? Find out in Part 2 of Chain of Custody.
Check out the original article at The Chain of Custody: The "Mafia" Holding The Elite's Bitcoin (Link:https://tinyurl.com/29v5tvy3)
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"Much like the World Economic Forum’s Young Global Leaders program has facilitated the placement of its trained, ideological allies in positions of top political power around the world, groups like Endeavor and their equivalents help ensure that similarly controlled business leaders dominate the private sector and become the public face of emerging market monopolies that are, ultimately, part of a broader network." ~ Mark Goodwin & Whitney Webb
What if a network of powerful governments and billionaires were quietly digging their tentacles into emerging markets around the world to hold sway over a publci-private partnership that shaped policies and governance around the world? Today we dive into a complex web of connections linking tech giants, "philanthropists," intelligence agencies and more to a broader network of institutions vying for control over the markets and political systems of developing countries the world over, and who have sunk their teeth into the Bitcoin world as well. A wild investigation by Mark Goodwin and Whitney Webb that is not to be missed.
Check out the original article at The Chain of Custody: The "Mafia" Holding The Elite's Bitcoin (Link: https://tinyurl.com/yu4958p5)
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“Think before you speak. Read before you think.” ~ Fran Lebowitz
"You eliminate 99% of the attack surface to a single moment in time, which is the beginning. And when you do that, would-be attackers are forced to take risks and make mistakes. You know, when someone is planning on doing election fraud, this doesn't mean that it's impossible for them to do it. But it narrows the window so much that they are likely going to mess up. And when they mess up, you catch them." ~ Carlino
When people usually talk about alternative bitcoin "utility" they often mean NFTs, trash tokens, and "jpegs on the blockchain." But what if there really is another utility, one that doesn't suffer the damaging externalities and is closer to the core of what the timechain really is? Could Bitcoin protect the integrity of national elections? Diving into groundbreaking case study from Guatemala, we explore this idea with Carlino. Can this revolutionary approach be applied globally to ensure transparent and tamper-proof democratic processes?
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"Submarine Swaps employ hash time-locked contracts (HTLCs), which in layperson’s terms, enable two transactions (both sides of the swap) to happen simultaneously by linking them together cryptographically inside of a smart contract. Using this technology, there is no way for one exchange to occur without the other occurring at the same moment.
This is the most trustless solution that exists for moving sats between Bitcoin layers." ~ Frank Corva
What role do trustless bridges play in connecting Bitcoin's various layers? Dive into the world of Boltz, a non-custodial exchange service that's quietly revolutionizing how we move Bitcoin between the base chain, Lightning Network, and Liquid. Discover how atomic swaps and submarine swaps are making cross-layer transfers more efficient and seamless. What implications do they hold for the future of Bitcoin's layered ecosystem?
Check out the original article at Between Bitcoin Layers: Boltz Builds Trustless Transfers (Link: https://tinyurl.com/3rv7xuar)
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“The fool doth think he is wise, but the wise man knows himself to be a fool.” ~ William Shakespeare
"Whatever your setup is for storing the majority of your bitcoin - be it hot or cold, online or offline, software or hardware - if you can access and spend it in a matter of minutes, so can a robber armed with a $5 wrench. The _price_ for convenience is risk**. This is not merely a theoretical scenario; I have cataloged over 50 physical attacks against bitcoin users, including myself!" ~ Jameson Lopp
How can you protect your Bitcoin from physical attacks and ensure its safety in a world where even a $5 wrench can be a threat? In this episode, we start our way into Jameson Lopp's comprehensive guide on safeguarding your Bitcoin from coercion, exploring practical strategies and multi-layered security measures. Discover why privacy, multi-sig setups, and geographic separation of keys are crucial in the fight against physical threats to your crypto assets.
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“The supreme art of war is to subdue the enemy without fighting.” ~ Sun Tzu, The Art of War
"When you have a child, you care more than anyone else about that child. You're caring about their long-term success and happiness and their health. If you look at just a first principles basis, what is the school interested in? What is the state interested in? It's more about compliance and conformity. It's not about creativity. It's not about critical thinking. It is conformity and compliance." ~ Tali & Scott
Can a board game teach Bitcoin better than a lecture? Join Tali, Scott, and me as we explore the power of storytelling and games in education, delve into the failures of traditional schooling, and discuss innovative ways to engage and educate about Bitcoin. Discover how a simple game can make complex economic concepts accessible and fun for everyone.
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"Joltz is one company that is actively building the necessary infrastructure to support this interoperability. By developing an SDK that allows wallets to integrate with swap providers easily, Joltz aims to streamline the process of connecting various sidechains with the Lightning Network. Highlighting the efficiency gains from using Lightning as a central hub."
~ Bitcoin Magazine
Can the Lightning Network be the key to Bitcoin's mass adoption and financial innovation? Dive into this episode as we explore the Lightning Alliance's ambitious plans, the revolutionary potential of Taproot assets, and the exciting new tools transforming the Bitcoin ecosystem. Discover how interoperability with lightning as the universal language of bitcoin and cutting-edge protocols are paving the way for a new era in decentralized finance.
Check out the original article at Bitcoin Lightning Alliance to Accelerate Adoption Using New Asset Protocol (Link: https://tinyurl.com/puafvhwr)
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In a world where centralized platforms dominate, can peer-to-peer systems make a comeback? Today we explore the details of P2P technology, as well as the challenges that early P2P systems faced, and how modern technologies might overcome them. Discover how Bitcoin, Lightning, and emerging protocols could revolutionize file sharing, content distribution, and even AI computation. Are we on the brink of a new era of internet freedom and innovation?
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Check out the original article at Peer-to-Peer Systems – Communications of the ACM (Link: https://tinyurl.com/bdeh673x)
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“Technologies that change society are technologies that change interactions between people.” ~ César A. Hidalgo
This chat episode is a riveting conversation which was originally featured on The Staying Free Podcast with my friend jonnyhodl.
I delve deep into libertarian ethics, anarchism, and the necessity (or lack thereof) of the state. This thorough discussion sees Jonny playing devil’s advocate, challenging Guy to articulate and defend the principles of voluntarism and decentralized technology. Whether you're new to these concepts or a seasoned thinker, this episode offers valuable insights into the philosophical foundations that drive my advocacy for Bitcoin and libertarianism.
Tune in for an enlightening dialogue that bridges the worlds of Austrian economics, cypherpunk values, and more.
Original episode on Taxation and the Demise of Ethics. (Link:https://tinyurl.com/4mbzjxxf)
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"China’s current ways to censor the Internet are to block connections from IP servers serving content and block protocol-level attempts, such as Tor, at specific points. China is also incredibly aggressive in requesting Apple to do app store takedowns, which Apple regularly complies with. In 2022, for example, China was responsible for more than 97% of apps taken down by Apple for different countries. [...] Finally, within the country, law enforcement has access to physical surveillance and registered IDs of everybody in China who has purchased a phone, for example. Still, with all of this, and multiple regulatory notices and attempts to ban Bitcoin, China was not able to dent Bitcoin itself – which is humming along at a much better price level and activity level than the level of bans implemented by China."
~ China Bitcoin Book
How did Bitcoin not just survive but thrive despite China's relentless bans and regulatory crackdowns? Join us as we explore Roger Huang's fascinating analysis of Bitcoin's resilience against one of the world's most powerful governments. Discover what this means for the future of decentralized technology and why Bitcoin's robustness continues to defy the odds.
Check out the original article at How Bitcoin Thrived Through China's Bans And Became Much Stronger (Link: https://chinabitcoinbook.com/?p=158)
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"The most powerful thing that Bitcoin did was establish a monetary foundation, a monetary policy that was not alterable through a shallow, short term social consensus. That the protocol determines the rules, and then everyone is only able to fight within those rules, and any changes that are made can only occur within those rules, and anybody who tries to break those rules are necessarily forking off. And if they do not get overwhelming support to do that, the change simply doesn't succeed."
~ Guy Swann
Today, I'm excited to bring you a special episode featuring a marathon conversation I had on the Anarchast podcast, hosted by Patrick Smith. As a "big blocker" and supporter of Bitcoin Cash, Patrick and I delve into the heart of the Bitcoin Civil War, exploring the contentious debates between small and big block proponents.
In this in-depth discussion, we cover the contrasting perspectives of small and big block advocates, discussing "revelations" from Roger Ver's new book. We also discuss the critical implications of block size on Bitcoin's future, decentralization, and security.
This debate is one of my favorites, offering a comprehensive view of the trade-offs and arguments that shaped Bitcoin's history. Whether you're new to the debate or a seasoned Bitcoin enthusiast, this episode is packed with valuable insights.
Tune in and join us as we navigate the complexities of the Blocksize War.
Original episode on Anarchast YouTube Channel. (Link: https://tinyurl.com/mwuftsk7)
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"The last point is crucial — users can withdraw their Ark funds at any time, even if their ASP goes offline or ceases to exist. True self-custody." ~ Ark Labs
Do we finally have a genuine layer two protocol that offers both seamless payments and true self-custody? With frictionless onboarding and unilateral exits, can ARK solve the long-standing challenges of inbound liquidity and custodial risks? Discover the potential of this novel approach that combines elements of payment channels, e-cash, and Bitcoin itself, promising a game-changing layer two solution for the world of digital payments.
Check out the original article at Introducing Ark Labs: A new venture to bring seamless and scalable payments to bitcoin (Link: https://tinyurl.com/22wxnrsb)
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"Rise and rise again, until lambs become lions." ~ Robinhood
Is deflation always a bad thing, or have we misunderstood its true impact on the economy? Join me as I unravel the misconceptions about deflation, explore the different types, and explain why modern economics gets it wrong. Discover how Bitcoin fits into this picture and what it means for real economic growth.
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"It doesn't matter how smart you are, unless you stop and think."
— Thomas Sowell
"Educating the world about bitcoin has succeeded in building a community of knowledgeable, dedicated, enthusiastic people from the fields of tech, economics, politics, and finance, but orange pilling has taken us as far as it can. Like many strategies, the marginal gains of educating the world were remarkable in the early stages, but they’ve flattened... Orange pilling has stopped working." - Roy Sheinfeld
Has Bitcoin's "orange-pilling" strategy reached its limits? Explore why traditional methods of educating the masses about Bitcoin are losing steam and discover the new approaches needed to drive adoption in a changing landscape. Join us as we delve into the future of Bitcoin adoption and the role of technology in creating real-world utility.
Check out the original article at Orange Pilling Has Stopped Working. (Link: https://tinyurl.com/4wvr9j37)
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“We don’t yet know the names of the architects who will build the next upgrade to the secret-killing machine. But we’ll know them by their work” -Andy Greenberg
"...that the lives and efforts of other men are not his property and are not there to serve his wishes. A rational man never holds a desire or pursues a goal which cannot be achieved directly or indirectly by his own effort." ~ Ayn Rand
Is the conflict between individual interests and society a myth? Discover how Ayn Rand's principles of rational self-interest challenge common beliefs about competition and cooperation, and what it means for our understanding of freedom and responsibility. Tune in to explore these thought-provoking ideas!
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“The hardest thing to explain is the glaringly evident which everybody has decided not to see.”
~ Ayn Rand, The Fountainhead
"In NRA, the Court addressed a critical issue impacting not only traditional advocacy groups but any disfavored, but legal, industry. This ruling draws parallels to Operation Choke Point 2.0, where U.S. regulators have allegedly been targeting crypto businesses through financial exclusion. Moreover, the recent _Cantero_ decision sheds light on how this legal framework might impact Custodia Bank's appeal against the denial of their master account by the Federal Reserve."
- Colin Crossman
Multiple verdicts recently came down from the Supreme Court, and they may very well end up being ammunition to fight back against the gross regulatory overreach and extralegal attacks on the Bitcoin and crypto ecosystem. How might they change the fight against Operation Choke Point 2.0, squeezing the crypto market out of financial access, and how could it impact Custodia Bank's rejection and ongoing battle to get an account at the Federal Reserve? Find out what it means, and what we may be able to do about it, in a great article from Colin Crossman.
Check out the original article at NRA & Cantero in the Supreme Court: Implications for Operation Choke Point 2.0 and Custodia Bank (Link: https://tinyurl.com/59u77utn)
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"The normative principle I am suggesting for the law is simply this: No action should be considered illicit or illegal unless it invades, or aggresses against, the person or just property of another."
- Murray Rothbard
What if the future of decentralization lies not just in Bitcoin, but in the convergence of a multitude of different technologies that bring power back to the individual? How can Bitcoin, AI and 3D printing together disrupt the centralized powers of today and redefine our world in the next 30 years? Dive into this episode with an article from Emile Phaneuf on the convergence of Bitcoin, AI, and localized manufacturing, and what it means for our technological and economic future.
Check out the original article at Decentralization and Localized Manufacturing: Bitcoin, AI and 3D Printing (Link: https://tinyurl.com/mr2wrbz6)
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“Mass production keeps the world divided between consumer and producer. Demassification of production may hasten the speed towards an era of prosumers.”
- Michael Petch
"Fedimint is a scalable self-custodial off-chain programmability layer on top of Bitcoin. It allows for use cases that are difficult, time-consuming, and unscalable for general users to do on-chain today. You might think I had a typo calling Fedimint a self-custodial network. Let me explain..." ~ Tony Giorgio
Have we increasingly lost sight of the nuance in the market for trust that lets us dismiss an ocean of novel and highly valuable solutions to our problems? What if the goals we are aimed at with Bitcoin aren't really final conclusions, but a spectrum laid out on a never ending path? Fedimint presents a profound shift in the trust and privacy elements of being a bitcoin user, and breaks down enormous barriers to the problem of providing a service to others. Tony, one of the incredible minds behind Mutiny, brings us an article today to reframe both the problem and the solution to the many challenges of building a Bitcoin world.
Check out the original article at Fedimint (Federated Ecash) is Self-Custodial — Tony Giorgio (Link: https://tonygiorgio.com/fedimint/)
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"You cannot buy the revolution. You cannot make the revolution. You can only be the revolution. It is in your spirit or it is nowhere."
~ Ursula K. Le Guin
People look around and they see a wasteful world. They see endless, mindless consumption. Increasingly, we see people fearing the future rather than hoping for it.
I'm going to make the case today that in order to realign this, money must be the most valuable good in society. And necessarily, it must be the hardest thing to produce and that we actually can know this because of where the value of money comes from and what the money is in relation to the society that uses it. I want you to come away from the end of this episode realizing that not only is it aligned to have a sound money that grows in value, but it is necessary for us to value the future of our society in the first place. So we're going to take this show to go back to our Fiat World Series with Fiat Waste. It's time for a Guy's Take episode.
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"By replacing fear of the unknown with curiosity we open ourselves up to an infinite stream of possibility. We can let fear rule our lives or we can become childlike with curiosity, pushing our boundaries, leaping out of our comfort zones, and accepting what life puts before us."
- Alan Watts
Ideas and ways of thinking are much like paths in the wood. When we explore them often they are well worn and clearly defined. But often we get lost exploring other ideas or focused on something we hope to see in the future, and even the paths we know well get ignored, and the brush starts to creep back in. The noise of the world begins to obscure what was once an obvious truth. This is why its good to refresh important ideas from time to time. To walk those paths again, to remind ourselves of the perspectives that got us here.
Today we dive into a reboot of a very important idea in grasping why Bitcoin works, and how it emerges from the individual enforcement of the Bitcoin rules, and how utterly revolutionary this seemingly simple concept really is. If you haven't heard it, today's episode will fix that terrible tragedy for you. So hit play and enjoy.
Check out the original article at Bitcoin Miners Beware: Invalid Blocks Need Not Apply. (Link: https://tinyurl.com/3aejkjam)
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"Run a Bitcoin node, and use it."
~ Guy Swann
"I believe that hole punch stack can be a really good alternative to static IPs. That way, for example, you want to access your camera from anywhere, you don't really need a static IP. You don't need to pay for that. You don't need to take all those security risks. All you need to do is boot up Holesail or a similar service built on Holepunch to connect peer to peer directly to your computer only to that specific port. That's it. You are connected to it. There are no middle men. And nothing is exposed to the public."
In this episode, Guy Swann interviews Suryaansh Singh AKA Supersu about the transformative potential of peer-to-peer technology in reshaping how we connect and interact online, and how they are working to build towards this with Holesail. They delve into the challenges and innovations in deploying decentralized systems that enhance security and user control, discussing how such technologies can fundamentally alter the internet landscape towards a more user-empowered framework. How can peer-to-peer technology reconfigure our digital interactions and what are the broader implications for internet privacy and connectivity?
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"To have faith is to trust yourself to the water. When you swim you don't grab hold of the water, because if you do you will sink and drown. Instead you relax, and float."
~ Alan Wilson Watts
"This capability ensures that participants can trust the system's integrity without the need for mutual trust among users. It fundamentally alters how trust is brokered globally, extending the reach of reliable transactions beyond traditional, geographic, and institutional boundaries."
~ Adolfo Contreras
In this episode of Bitcoin Audible, Guy Swann delves into an insightful article from Blockstream titled "Scaling Trust: Bitcoin's Role in Bridging the Global Digital Divide" by Adolfo Contreras. How does Bitcoin redefine trust in a globalized digital world, and what potential does it hold for transforming financial systems, especially in developing countries? Join Guy as he explores the fundamental elements of trust, the evolution of financial institutions, and the revolutionary impact of blockchain technology.
Check out the original article at Scaling Trust: Bitcoin’s Role in Bridging the Global Digital Divide (Link: https://tinyurl.com/333rzvkj)
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"To have faith is to trust yourself to the water. When you swim you don't grab hold of the water, because if you do you will sink and drown. Instead you relax, and float."
~ Alan Wilson Watts
"It is like exercising a veto you hold for anything and everything, and yes, vetoes are important in consensus systems. But disrupting conversation is not the veto, the actions of actual transacting economic actors deciding what software to run or not run is the veto. This denial of service on dialogue is not some noble or righteous crusade to save Bitcoin, it is an active attack on those economic actors and their ability to gain a better understanding to make an informed decision on whether to veto something or not."
~ Shinobi
Today we dive into the contentious arena of Bitcoin consensus and the dialogue around it. Reading an insightful piece by Shinobi from Bitcoin Magazine, we explore the alarming trend of "denial of service attacks" on meaningful discussion within the Bitcoin community. Is this a calculated attack to silence new ideas, a necessary friction to maintain the integrity of Bitcoin's foundational principles, or is it an unavoidable consequence of Bitcoin's success? Listen as Guy offers his insights and invites you to judge the merit of open dialogue in the face of technological conservatism.
Check out the original article at A Denial of Service Attack on Bitcoin Consensus. (Link: https://tinyurl.com/32urf3bv)
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“You don’t win a debate by suppressing discussion; you win it with a better argument.”
~ Frank Sonnenberg
"The U.S. Government spends in a budgetary deficit, then issues treasuries to pay for the spending, then, at a bigger rate than anybody else, buys the treasuries to cover the loss. An unbelievable Ponzi scheme. The U.S. Government is the director of the Ponzi scheme, the old investor, and the new investor. A true masterclass."
~ Cole Walmsley
Today we tackle the intricacies of fiscal irresponsibility through a Twitter thread by Cole Walmsley. As the U.S. government’s deficit spending spirals into what can only be accurately described as a “masterclass Ponzi scheme,” listeners are beckoned to question: How long can this last? With the state of national debt, the illusion of monetary stability, and the inevitable downfall of fiat currencies, are we witnessing the death throes of the dollar, and can a new monetary system rise from the chaos?
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"The whole government is a Ponzi scheme."
~ Bernard Madoff
Today we dive into an amazing chat around the complexities and shifts in law enforcement in a world with Bitcoin, as well as breaking down the nuances and difficulties in both the defense and prosecution of the Samourai Wallet case. Travis, previously a detective who found his speciality in cybercrime and fraud, requiring extensive knowledge and interaction with Bitcoin and blockchain analytics, presents a unique insight into how things may develop moving forward and where we should be wary to defend our privacy and independence. Don't miss this incredible discussion!
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In our inaugural episode of The Pear Report, it only felt right to bring Mafintosh and dmc onto the show to explore the transformative potential of the Pear Stack and how it can reshape our digital interactions and the foundational layers of the internet! Delve into discussions on the role of the Pear Stack in enabling more decentralized, secure, and user-empowered digital environments. Do not sleep on what is happening, find out why in our first episode, "The Second Coming of the P2P Web."
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"We have the fork wars, we have a culture that understands the importance of nodes and widespread enforcement of a protocol and its rules. Unlike shitcoins, which couldn't care less about it... So this node orientation in Bitcoin is is critical to it not being a shitcoin. So spam has come in and they start trashing the blockchain and exploding the UTXO set and making every block almost four megabytes, which was supposed to be a theoretical maximum we were never actually supposed to see because no one thought we would just fill it up with witness data... This is a ridiculous guys. It's an attack. They've stated it as an attack when they came out and just went "I want to bloat the UTXO set because it's the worst thing you can do in Bitcoin"."
~ Bitcoin Mechanic
In this episode, I talk with Bitcoin Mechanic about the current state of Bitcoin, focusing on the regulatory environment, the vital role of self-custody, and the challenges facing privacy and autonomy in the digital age. We delve into the complexities of maintaining operational security in the face of increasing regulatory oversight, and consider in what ways we can balance the needs of miners with those of everyday users and node runners to maintain a healthy network ecosystem.
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--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message
"This is a fancy way of saying that you need money to make markets, and you need decentralized, open, digital money to make decentralized, open, digital markets. Furthermore, higher layers require lower layers to exist, but lower layers benefit from the value created at higher layers. However valuable layer one Bitcoin can be as a new global money, it can become significantly more valuable if we recognize it as a crucial technical building block to building markets with the potential to disrupt many other human networks."
~ Dhruv Bansal, Ryan Gentry & Allen Farrington
How can we think differently about what is actually occurring at the base layer of Bitcoin and what it enables, to extend it to the more tangible and understood problems of internet centralization, abusive platforms, censorship, and so many other prevalent problems in our networks today? If we can break each of these problems down into their smallest, and simplest parts, and one-by-one solve each of those problems, can we begin to actually solve the broader concerns of permission-less communication, scalable decentralized payments, service provision, and global openly accessible networks of all kinds? Can we re-decentralize the internet, with Bitcoin? Find out in a fantastic new piece from the crew at AxiomBTC and written by the incredible set of authors, Dhruv Bansal, Ryan Gentry, and Allen Farrington. You'd be a fool to skip this episode.
Check out the original article at The Bitcoin Stack. (Link: https://tinyurl.com/582zh742)
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“The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design. To the naive mind that can conceive of order only as the product of deliberate arrangement, it may seem absurd that in complex conditions order, and adaptation to the unknown, can be achieved more effectively by decentralizing decisions and that a division of authority will actually extend the possibility of overall order. Yet that decentralization actually leads to more information being taken into account.”
~ Friedrich Hayek
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"I think Americans are used to seeing people arrested for bullshit technicalities and thrown in jail for long periods of time. But in the rest of the world, it is quite uncommon. For a non-US Bitcoin entrepreneur, the US is a scary and dangerous place. American authorities seem resourceful, competent, and motivated to destroy your life just to prove a point. This line of thinking is not paranoia, nor is it cowardice." ~ Francis Pouliot
We dive into a piece from Francis Pouliot, the CEO of Bull Bitcoin, today that dives into the toxic waters of U.S. regulations that seem to strangle innovation at every turn. As the US govt tightens their grip and "non-compliance" of an absurdly defined regulatory leviathan threatens decades in prison, how can the Bitcoin community protect what makes Bitcoin important? Join us as Guy, along with a special guest, unravels the complex web of control and compliance reshaping the landscape of digital currency. Could this be the dawn of a new era of resistance within the bitcoin world?
Check out the original article at Bitcoin Drain in the USA. (Link: https://tinyurl.com/5n6raf5d)
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"Change happens when the pain of staying the same is greater than the pain of change." ~ Tony Robbins
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"The Samurai wallet developers have been arrested. The government has responded with their opposition to the motion of dismissal in the tornado cash case. Phoenix wallet has withdrawn from the United States. Does one need to have control over the funds to be a money transmitter? Is the lightning network, is Bitcoin, is even self-custody and your home node illegal?
The past week or so in Bitcoin has seen a flood of new developments, unfortunate events and clarifications and demands from government regulatory agencies. And it has quite clearly spooked a lot of people in the Bitcoin industry. What does it all mean and how should we respond? It's time for a guys take episode."
I took on a whirlwind of pressing issues facing the Bitcoin ecosystem amid a slew of government actions that appear to target privacy and financial sovereignty. What does the arrest of the Samurai wallet developers, the exodus of Phoenix wallet from the U.S., and the broader implications for Bitcoin's legal landscape mean for the future of digital privacy and self-custody? I dissected these developments with a critical eye, questioning the balance between regulatory oversight and the fundamental right to privacy. Tune in for a deep dive into the legal, technical, and societal impacts of these unfolding events.
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"I have to remind myself that some birds aren't meant to be caged. Their feathers are just too bright. And when they fly away, the part of you that knows it was a sin to lock them up does rejoice. But still, the place you live in is that much more drab and empty that they're gone. I guess I just missed my friend."
~ Red, Shawshank Redemption
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message"The internet assumed NOTHING and it won because it had the basic, robust, open building blocks upon which all the innovation actually occurred. The same thing has happened with Bitcoin over the last 15 years and is now starting to happen with Nostr.
And it’s right on time, because the gateways to the internet have centralized to such a degree that the very topography of the web is changing. Access to this open bazaar is being threatened because the applications who were once gateways, have started to become gatekeepers.
To fix this, and to fundamentally fix the internet, we need to upgrade the Internet stack and establish a new suite of superior products, services and applications that compete on value, not on gatekeeper economics.
~ Aleks Svetski
How did we get from the open, decentralized bazaar that was the internet protocol, to the centralized, platform siloed experience we find ourselves in today? And by discovering how we got here, can we begin to see the path to getting out of the trap we have wandered into? Today we have an incredible article and concept brought to us by author, entrepreneur, and regular guest on the show, Alek Svetski on something they discovered in their process of building a Bitcoin LLM (Spirit of Satoshi), and how it uncovered a value case for Nostr that may very well change the nature of what we can build. You do not want to miss this read and my take to follow, I promise. Let's dive in!
Check out the original article at Reviewing Reviews (Link: https://tinyurl.com/4dxmvtes)
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“But I know, somehow, that only when it is dark enough can you see the stars.”
~ Martin Luther King, Jr.
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message"As we discussed in Entering the Bitcoin Renaissance, our last edition, Lightning Labs CEO and Co-Founder Elizabeth Stark told The Block, “a major narrative of the next cycle will be the bitcoin renaissance, and it has already begun in full swing.” Only a few months later, and that is proving to be quite prescient!"
~Ryan Gentry
Today we dive into a piece from Lightning Labs, "The Bitcoin Renaissance: How Lightning Will Connect Everything" that details out the major advances in the ecosystem of layer 2's on Bitcoin, the surge in development excitement, the multitude of projects unveiled in the past few months, the increasing connection between lightning and Ai, and the projects to keep en eye on as we head into another Bitcoin cycle. If you want a picture into the Lightning ecosystem and the many projects solving problems and creating new value, this is the read to queue up.
Check out the original article at The Bitcoin Renaissance Is in Full Swing: How Lightning Will Connect Everything Off-Chain. (Link: https://tinyurl.com/2wzjyc2b)
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“You have no responsibility to live up to what other people think you ought to accomplish. I have no responsibility to be like they expect me to be. It’s their mistake, not my failing.”
~ Richard P. Feynman
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"What are we actually about? It's to an extent an open question. It's not like the Cypherpunks knew at all. It's part of our job to continue to try and figure it out. In a way we've been given this Arthurian sword or something. This very powerful thing. And so it's like, what are we going to do with it? I think that's a big part of our homework."
~ Tuur Demeester
Tuur Demeester joins us to day as we dig into Bitcoin's past halvings and market cycles and how they compare to today. With 12 years of perspective, where are we in reference to the larger trends and what may lie ahead in the coming future? Tuur is deeply knowledgeable on the macro landscape and in seeing how the pieces of the puzzle fit together, explains the differences that allow us to know that Bitcoin's destiny will not end up like gold's, and a worthy note, he is also incredibly bullish. The world is changing, and Bitcoin is changing it. Don't miss this excellent conversation with Tuur Demeester
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"I'm a Bitcoin skeptic. I'm not buying Bitcoin in 2024, even if it goes back to its recent all-time highs, or higher. Here's why."
~ Ben Gran
Ben breaks down his view of Bitcoin and why he cannot see or understand any reason it would go higher. Why he doesn't invest in things that don't produce anything, because this is antithetical to investment. Why he doesn't see how something that has no purpose could possibly continue increasing in value. And how something that people claim will be the most valuable asset in the world, will also be the dominant money, because (obviously) these two ideas are contradictory. It's important to refresh our understanding of the typical person's perspective of Bitcoin, in order to be able to relate to, and hopefully explain where their thinking is wrong. So that is what I hope to do in today's episode, reading "Why I'm Still Not Buying Bitcoin in 2024" from the Motley Fool...
Check out the original article at Why I'm (Still) Not Buying Bitcoin in 2024. (Link: https://tinyurl.com/5xnxbe5x)
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“I believe that a scientist looking at nonscientific problems is just as dumb as the next guy — and when he talks about a nonscientific matter, he will sound as naive as anyone untrained in the matter.”
~ Richard Feynman
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message"If you care about your...country, read Ludwig von Mises and the six lessons of the Austrian economic school."
~ Renato Moicano
With a surge in interest thanks the UFC fighter Renato Moicano, Mises's Six Lessons is suddenly in the popular lexicon. After knocking out his opponent he took to the mic to share his love of freedom, and the critical importance in understanding Austrian economics. Is the tide of freedom and the culture of common sense turning? And what are Mises's six lessons, and what can they teach us? All this and more in today's episode with a read from Jonathan Newman at the Mises Institute.
Check out the original article at What are Mises’s Six Lessons? (Link: https://tinyurl.com/3bkpvxub)
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“He who is unfit to serve his fellow citizens wants to rule them.”
~ Ludwig Von Mises
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/messageMany people make the serious miscalculation, that if the CPI isn't too high, then printing money isn't a problem and doesn't really cost them anything. This couldn't be further from the truth. All it means is that the cost is just that much harder to see. But if you want to look at something that is truly dominated by the fiat culture and incentives of the money, there is no better example, than finance. This is where the money printing begins, and so all of the disastrous effects of monetary inflation and fiat, occur first, and to the greatest degree, in the financial sector. So take a dive, into fiat finance. Its time for a guy's take episode...
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"That dogma was necessary — without it the people who have built this ecosystem into what it is today wouldn’t have had the motivation to do so. Without that dogma, those people would not have had customers and users to build anything for in the first place. It was the foundation of everything we have around us today.
Now the inevitable is happening: the foundation is cracking."
~ Shinobi
Guy Swan delves into an article by Shinobi from Bitcoin Magazine, exploring the complexities of ideological dogmas within the Bitcoin community. The episode questions the sustainability of foundational beliefs that have driven the cryptocurrency's ecosystem thus far. What happens when the dogmatic pillars that supported the growth of Bitcoin begin to crumble? Tune in as Guy Swan offers a deep dive into these evolving controversies, providing insights that challenge the conventional wisdom of Bitcoin's invulnerability to ideological shifts.
Check out the original article at Dogma Kills Brain Cells. (Link: https://tinyurl.com/3ma2pu56)
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"Why do you want to kill me? [Joker Laughs] I don't want to kill you! God what would I do without you? Go back to ripping off mobsters? No. You. You... complete... me."
~ The Dark Knight
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message"On the face of it, Bitcoin’s existence seems to violate Mises’s theorem, unless a preceding non-monetary use can be demonstrated. That is, Bitcoin would have to be first valued for its direct utility before it could hold indirect exchange value. So have the criteria been met, or does Bitcoin violate the theorem?" - Emile Phaneuf
You've inevitably come across the argument that Bitcoin violates Mises's Regression Theorem if you've been in bitcoin long enough, but is this really true? And with the obvious and undeniable emergence of Bitcoin, what can this tell us about Mises's observation, and how it applies with the dynamics of the digital age?"
Check out the original article at: Mises’s Regression Theorem, Bitcoin, and Subjective Value Theory | AIER (Link: https://tinyurl.com/49udz4pp)
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“All rational action is in the first place individual action. Only the individual thinks. Only the individual reasons. Only the individual acts.”
~ Ludwig von Mises
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message"Hedgehog uses relative time locks. So that if they don't have to worry about closing that channel with a relative time lock, it's whenever you do close the channel, now you've got 2016 blocks to sweep the money using the pre-image. Otherwise I can sweep it after those 2016 blocks go by... And because it only uses relative time locks, it's much more delay tolerant... In the Lightning Network today, you've got hours to settle these things. And often if someone sends a zap to somebody and then they turn off their computer or turn off their phone and go to the supermarket or whatever, they come back and their channel's been forced closed because it's not very delay tolerant. It only gives you hours. But the Hedgehog Network can give you months."
~ Super Testnet
In this episode, I dive into the challenging yet fascinating topic of offline payments with my guest, Super Testnet. Super Testnet, a seasoned independent freelance software developer, shares his latest venture into solving some of the Lightning Network's most persistent challenges through a new protocol called Hedgehog. We discuss the technical nitty-gritty of Lightning transactions, the innovative approach of revocable scripts, and how Hedgehog might just change the game for Lightning Network payments.
The conversation covers the mechanics of the Lightning Network, the complexities of conducting seamless transactions without both parties being continuously online, and the promising solutions Hedgehog proposes. Additionally, we touch upon BitVM, delving into its development, functionality, and potential impact on the broader Bitcoin ecosystem.
If you are interested in understanding the technical foundations of Bitcoin's second-layer solutions and the cutting-edge developments aimed at refining digital transactions for enhanced efficiency, security, and ease of use, then this one's for you.
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"It's going up forever, Laura."
~ Michael Saylor
I know to many people that sounds crazy, and I can still see in my mind why it sounds crazy. Today, I'm going to make the argument for why it isn't crazy, but both natural and intuitive. Also, why it *doesn't* mean what you are probably picturing in your head. I'm going to make the case today, and I hope that you walk away realizing that this isn't unrealistic at all, but is the way it's *supposed to work,* that Bitcoin is, in fact, going up forever, Laura.
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"It's the questions we can't answer that teach us the most. They teach us how to think. If you give a man an answer, all he gains is a little fact. But give him a question and he'll look for his own answers."
~ Patrick Rothfuss, The Wise Man's Fear
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message"We know the law is unconstitutional.
FinCEN knows the law is unconstitutional.
FinCEN knows we know the law is unconstitutional.
And yet we're supposed to pretend like nothing happened and comply with an illegal law."
~ Jameson Lopp
What do we do when a regulatory agency continues to enforce an illegal law against a judicial verdict? Jameson Lopp explores the Corporate Transparency Act (CTA), revealing how it mandates extensive reporting to the Financial Crimes Enforcement Network, compromising individual privacy and security under the guise of legal compliance. How does this act, despite being challenged for its constitutionality, reflect broader tensions between privacy rights and government surveillance in the digital age?
Check out the original article at Congress is Unconstitutionally Criminalizing Privacy. (Link: https://tinyurl.com/46h3swp3)
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“People have only as much liberty as they have the intelligence to want and the courage to take.”
~ Emma Goldman
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message"You have to decide how to move forward. You have to decide what game you want to play; how much responsibility you are willing to shoulder. Do you want to stay stuck in the machine? A machine that uses and abuses you? A machine that feeds itself by extracting and devouring your time, attention, and value? Or do you have the courage to take control of your wealth, health, thoughts, and speech?"
~ DerGigi
Free speech is a non-negotiable foundation for society and human progress, as the open exchange of ideas allows us to productively clash perspectives and arrive at truth. Free speech and societal evolution are inextricably linked, our discussion today underscores how critical unrestricted discourse is to confronting humanity's most complex problems. But there is a huge concern in our current era... how can we ensure robust protections for free speech in an era of increasing censorship and centralized control over communication platforms?
Check out the original article at Speaking Freely - On the Oxymoron of Free Speech Platforms. (Link: https://tinyurl.com/4aem73sy)
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"If freedom of speech is taken away, then dumb and silent, we may be led like sheep to the slaughter."
~ George Washington
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/messageGuy Swann and Preston Pysh explore the dramatic shifts in global finance and the pivotal role of Bitcoin amidst rising inflation and the banking sector's vulnerabilities. They discuss how Bitcoin's growing influence could recalibrate financial power dynamics, offering a stark contrast to traditional economic mechanisms prone to manipulation and control.
How might Bitcoin's ascent challenge the existing financial order and catalyze a shift towards more decentralized, resilient economic structures?
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Fiat money has a collection of malincentives and consequences for the degrading and rotting of society. As we covered in the first part of this series, it leads to mindless consumerism and a more materialist culture. As we continue, I want to cover something else that it does by stealing the value of our savings which is our bet on the future health and capacity of society to provide for us. What happens when we are forced to bet against the future. As well as artificially lowering the price to replace things in the economy, until an enormous amount of the economic engine is built around quick financing, low quality products, and then throwing it away to finance the next thing. It's time for a Guy's Take episode, This is The Fiat Replacement Theory.
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"Everywhere I travel, tiny life, single serving sugar, single serving cream, single pad of butter, the microwave, cordon bleu, hobby kit, shampoo conditioner combos, sample packaged mouthwash, tiny bars of soap.
The people I meet on each flight, they're single serving friends.
Between take off and landing we have our time together, that's all we get.
Welcome!"
~ Tyler Durden
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message"The mechanisms enforcing this modern censorship are not confined to private sectors or individual platforms but are significantly directed and influenced by the U.S. government itself. This intertwining of state powers with censorship activities marks a troubling departure from traditional American values, where free speech has been held sacred."
~ Dr. Joseph Mercola
The troubling and dangerous emergence of a modern censorship system has taken hold in the west. A partnership of the governments, the military industrial complex, tech giants, and establishment news media have together subtly transformed the internet from a freedom-promoting platform into a tightly monitored, controlled, and censored environment. Could this be the end of free speech online, and what, if anything, can we do about it? All this and more as we cover Dr. Joseph Mercola's excellent article and expand in the Guy's Take to follow.
Check out the original article at The National Security State Is the Main Driver of Censorship in the US. (Link: https://tinyurl.com/4h6k67zr)
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"The world is not sliding, but galloping into a new transnational dystopia. This development has not been properly recognized outside of national security circles. It has been hidden by secrecy, complexity and scale. The internet, our greatest tool of emancipation, has been transformed into the most dangerous facilitator of totalitarianism we have ever seen."
~ Julian Assange
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message"As far as I'm concerned, there's no obvious increased danger from the CCP having control over our access or our information or even modifying the algorithm, than it is the alphabets of the world or the METAs of the world or the CIA or the FBI's of the world, like these people... as far as I'm concerned, the United States federal government is way more of an existential threat to me than the CCP. I'm domiciled here, they have the ability to fine and tax and sanction and imprison me for wrong think. That's a way more clear and present danger."
~ Clint Russell
The bill to ban Tiktok, the risks of legislative "solutions," blaming technology for cultural decay, the death of personal responsibility, the second wave of the banking crisis, the systemic problems of fractional reserve, and the possibility of a path out of all of this mess. All this and more in our winding chat with Clint Russell of the Liberty Lockdown and The Best Political Show podcasts. Don't miss this one.
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"In a system that depends on irresponsible government spending (especially for perpetual war) and fiat printing to cover that irresponsibility, alarm bells cannot be allowed to work. There must be no pure price signals.
~ MacroScope
In "Bitter Opposition to Bitcoin," the episode delves into the reasons behind policymakers' aversion to Bitcoin, particularly the prospect of a Bitcoin ETF. What if the antagonism has nothing to do with the openly stated claims? Does Warren actually think Bitcoin is used by only criminals, or does she hate it for another reason entirely, one that cannot be admitted? We dive into a great little tweet from MacroScope in today's show to find out.
Check out the original article at MacroScope on X. (Link: https://tinyurl.com/2dnxcvns)
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“The first duty of a man is to think for himself”
~ Jose Marti
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message"Bitcoin will probably crash again but it is neither a Ponzi scheme nor a bubble – it’s something far worse: It is an inherently secure, tightly-controlled asset with a regulated supply, and is therefore a subversion to the whole basis of free-market financial capitalism."
~ Alan Kohler
What if Bitcoin is actually much worse than a Ponzi scheme? What if it's both here to stay, but also a total subversion to the very idea of the system we are currently in? Could this be another insurrectionist attack on this great nation and others? What if the systems that keep us safe and keep our financial system secure and solvent were to be undermined by a new rogue asset, that could threaten the foundations of all we have built? Find out the dangers of Bitcoin in today's read by Alan Kohler...
Check out the original article at Alan Kohler: Bitcoin is not a Ponzi bubble. It’s worse – an insurrection. (Link: https://tinyurl.com/33nnhbjn)
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"Of all measurement instruments, the clock is the most valuable because so many of the things we sacrifice to create are not fungible. The massive clock towers of Europe, with their enormous loud and resonant bells, broadcasting time, fairly across the town and even the countryside, rather than the last relics of the medieval, were the first building block of the wealthy modern world."
~ Nick Szabo
Part 2 of "A Measure of Sacrifice" delves into the profound impact of mechanical clocks on societal structures, emphasizing how the precise measurement of time transformed economic practices and labor relations. By creating a standardized and fungible measure of sacrifice — time — clocks facilitated the shift from serfdom and slavery to wage labor, showcasing the power of technological advancements in reshaping human interactions and values. How does this illuminate the value and role of Bitcoin in creating a new revolution in the measure and exchange of sacrifice, independently and verifiably? Could it end monetary slavery?
Check out the original article at A Measure of Sacrifice (Link: https://tinyurl.com/3j54336p)
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“When you want to help people, you tell them the truth. When you want to help yourself, you tell them what they want to hear.”
~ Thomas Sowell
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message"From an engineering perspective the mechanical clock with its novelty, the escapement, was by far the more important invention. In terms of its impact on contemporary temporal relationships, the mechanical clock and sandglass were of similar importance. The main innovations were the restructurings of the relationships themselves. Chief among these was the time-rate wage, which played a leading role the economic revolution that started in the late Middle Ages. -- During this era physically coerced labor gave way to worker choice; serfdom and slavery succumbed to the time-rate wage." ~ Nick Szabo
In this episode, we dive deep into the fascinating history of timekeeping and its revolutionary impact on society and our economy. Join me, Guy Swan, as we explore "A Measure of Sacrifice" by Nick Szabo, uncovering the profound connection between the evolution of clocks, the concept of proof of work, and our modern understanding of value and fairness. Don't miss this journey through time—right here on Bitcoin Audible.
Check out the original article at A Measure of Sacrifice | Satoshi Nakamoto Institute. (Link: https://tinyurl.com/4dhej9dc)
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"There is no second best" ~ Michael Saylor
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/messageI'm sure you have heard the claim that without inflation and the good people running the counterfeit machine, people would never spend money and it would cause an economic crisis. But have you ever seriously considered what the consequences of encouraging consumption and materialist economic activity might actually be, and whether we really need to subsidize the human desire to use up resources? What if it degrades the very process by which we even determine what our resources are worth to begin with? It's time for a Guy's Take episode.
Listen to the recent read by Hulsmann to understand the foundations of this episode
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"And were an epitaph to be my story I'd have a short one ready for my own. I would have written of me on my stone: I had a lover's quarrel with the world."
~ Robert Frost
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message"Whether you're a rekt crypto bro or a friend of fiat, there is one thing that is especially difficult to accept. The one thing that sets Bitcoin apart: it all works without anyone in charge."
~ Gigi
The crypto and fiat bros of the world are likely in shock as Bitcoin, once again, has not died. Once again, rallies toward all time highs despite the clear "unbacked tulip mania bubble" that it really is if you ask the typical fiat and crypto minded. I think it's valuable to go back to a piece written by the ever-thought provoking mind of DerGigi in the very heart of the bear market. How could it be so clear that we were headed back here? What could lead to such conviction? What do we understand, that others don't? Find out in today's excellent read.
Check out the original article at Dear Crypto & Fiat Bros. (Link: https://tinyurl.com/5n9byjh9)
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“Sometimes the questions are complicated and the answers are simple.”
~ Dr. Seuss
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message"It might feel as if the promised future is perpetually out of reach, but building Lightning is a lot like climbing a mountain. Climbers never really see the summit until they’re standing on top of it. They often can’t even see over the next ridge. Planning the ascent is important, but most of the time you’re simply concentrating on the next foothold. But the steps add up. Just like the view from the top is the reward for all that effort, a brighter monetary future will be our reward for building the network bit by bit."
~ Roy Sheinfeld
Today we dive into a short read covering an interesting technical challenge, but touches on a hint of truth that makes for a fascinating commentary to follow. It is easy to get lost and see where Bitcoin's potential hasn't lived up to impossible promises, but its critical that we not lose sight of where we have come from. To have a perspective rooted in reality weighing our progress from where we actually came, not lost in a foolish expectation and comparing to a falsely remembered past. Let's dive into a great little piece from Roy Sheinfeld, CEO at Breez.
Check out the original article at The Past, Present, and Future of Offline Payments. (Link: http://tinyurl.com/mtmvatbx)
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“We can complain because rose bushes have thorns, or rejoice because thorns have roses.”
~ Alphonse Karr
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message"Izzy said there could be inflation in a hyperbitcoinized world. And she's right. Calm down, maxis, calm down! Explaining why this is true sheds light on yet another of Bitcoin’s quasi-magical properties and paints our hyperbitcoinized future an even rosier shade of orange. This is good for Bitcoin."
~ Allen Farrington
This may seem crazy, heretical even, but inflation can occur in a hyperbitcoinized world. How could that possibly be? When there's only ever 21 million BTC? Is this nothing but fiat nonsense, or does it clarify an important distinction while at the same time revealing the absurdity of a major keynesian economic model? Listen to Allen Farrington's 2021 piece on the topic today to find out.
Check out the original article at Inflation In A Hyperbitcoinized World (Link: http://tinyurl.com/yeyp6mk4)
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"It's the questions we can't answer that teach us the most. They teach us how to think. If you give a man an answer, all he gains is a little fact. But give him a question and he'll look for his own answers."
~ Patrick Rothfuss, The Wise Man's Fear
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message"I'm super confident that lightning is not just the present but also the future of lightning. It is the interoperability layer between all things Bitcoin." ~ Roy Sheinfeld
What is the future of the lightning network and how is it transforming the Bitcoin ecosystem? Today we take a journey with Roy Sheinfeld of Breez, diving into the latest innovations in lightning, exploring the Breeze SDK, liquidity management, and the path and place that lightning will have in an open, permissionless monetary ecosystem. Find out more about Bitcoins' scaling challenges and how we can use the tools today, to build the future we seek.
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"The foregoing considerations are by no means an exhaustive account of the cultural and spiritual legacy of fiat inflation. But they should suffice to substantiate the main point: that fiat inflaiton is a powerhouse of social, economic, cultural, and spiritual destruction."
Fiat inflation is more than a hidden tax on everyday folks—it's the fuel for the worst parts of our system, feeding both the war monster overseas and a creeping police state at home. It fosters a culture where impulsive, harmful choices are rewarded, punishing those who live sensibly and plan for tomorrow. It's a thief that strips us of our wealth, our values, and our spirit. Dive into today's must-read from Jorg Guido Hulsmann at the Mises Institute, and see the society rotting symptoms of the fiat disease.
Check out Jorg Guido Hulsmann's article:
Don't forgot to follow and boost on Fountain (Link: https://www.fountain.com/)
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“Don’t pay attention to ‘authorities’, think for yourself.”
~ Richard P. Feynman
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message"During the peak transaction fee times over the past month, our example transaction would be dust even for .001 BTC. That’s a little less than $50 at current market conditions. This feels incredible. 100,000 sats suddenly turned into dust. Gone. Unusable. This is terrifying."
~ Joe Rodgers
While we have a short respite from the crazy fees that have hit the Bitcoin world recently, there couldn't be a more important time to discuss the cost of moving UTXOs and just how to manage your bitcoin balances so they don't get swallowed by high fees. Have you analyzed your bitcoin balances and transactions to know where you stand? Have you consolidated your weekly purchases? Don't let your bitcoin turn to dust, listen to today's episode to learn how to protect yourself.
Check out the original article at To Dust You Shall Return. (Link: http://tinyurl.com/kmuw7bn9)
Links to other things mentioned in the shownotes
Bitcoin Audible - Read_791 - Rethinking Lightning (Link: http://tinyurl.com/3j8yke2d)
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“The reason most people fail instead of succeed is they trade what they want most for what they want at the moment.”
~ Napoleon Bonaparte
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/messageWe had an awesome chat on Twitter Spaces where we discuss the launch of Pear Runtime, bringing Paolo Arduino, Mathias Buus, David Markclem, Samson Mow, and Giacomo Zucco!
We dig into what this could mean for the future of application development, the impact it will have on the tech industry, how it could disrupt monetization models, how this could be used in gaming, journalism, social media, et al, the control it will shift back to the user, and about ushering in the second coming of the peer to peer web. This is a huge moment for P2P, don't miss this chat!
Don't forget to check out the many links and tools available to explore this incredible tech!
Join the Keet room with the Pear Community (Link: https://pears.com/contact/)
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“Your beliefs become your thoughts, Your thoughts become your words, Your words become your actions, Your actions become your habits, Your habits become your values, Your values become your destiny.”
~ Gandhi
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message"For too long, the world has had to endure the fallout of subpar academic research on bitcoin mining’s energy use and environmental impact. The outcome of this bullshit research has been shocking news headlines that have turned some well-meaning people into angry politicians and deranged activists. So that you never have to endure the brutality of one of these sloppy papers, I’ve sacrificed my soul to the bitcoin mining gods and performed a full-scale analysis of a study from the United Nations University, published recently in the American Geophysical Union’s Earth’s Future. Only the bravest and hardest of all bitcoin autists may proceed to the following paragraphs, the rest of you can go back to watching the price chart."
~ Margot Paez
The battle for common sense in Bitcoin regulation and understanding of its energy use and environmental footprint may not ever be winnable, but in the course of the war on garbage research, if from time to time we get entertaining and scathing articles like this one from Margot Paez that tears apart their research... maybe it'll all be worth it.
A major shout out to btcpolicy.org for their incredible work.
Check out the original article at Mining Misinformation: How The United Nations University Misrepresents Bitcoin's Energy Use (Link: http://tinyurl.com/43f4ubtr)
For the other links and references shared in the angry rant following the read
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“Forming your worldview by relying on the media would be like forming your view about me by looking only at a picture of my foot.”
~ Hans Rosling
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message"NWC is useful for far more than simply integrating Lightning into Nostr applications as well. The entire design philosophy of Nostr itself as a protocol was centered around keeping it simple enough that the entire protocol could be easily implemented correctly by any developer with minimal time and resources. Applications that have nothing to do with Nostr can easily integrate NWC or similar protocols with almost no overhead or complexity to address the underlying issues of how to connect a Bitcoin wallet with their application without having to build it directly into the app."
What if some of the biggest improvements in security, decentralization, and the power of Bitcoin and its app ecosystem, isn't a new OP_CODE or functionality of the bitcoin client, but instead the utilization of something completely separate? What if we can use Nostr, or other decentralized protocols, as identity and coordination layers for Bitcoin apps, so new applications can quickly and easily communicate, and connect to other devices and wallets, without the incredible overhead and complexity that this usually entails? This, is Nostr Wallet Connect.
Check out the original article at Nostr Wallet Connect: A Bitcoin Application Collaboration Layer. (Link: http://tinyurl.com/3w7fe7nf)
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“It occurs to me that our survival may depend upon our talking to one another.”
~ Dan Simmons
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/messageThe main promise of quantum computing is the ability to solve problems far faster than classical computers, but exactly how much faster varies. There are two applications where quantum algorithms appear to provide an exponential speed up, says Troyer. One is factoring large numbers, which could make it possible to break the public key encryption the internet is built on. The other is simulating quantum systems, which could have applications in chemistry and materials science."
~ Edd Gent
Is Bitcoin destined to fall when quantum computers make their debut? Is the encryption that underpins the entire design of the system at risk this year? This decade? This century? What is the real story behind quantum computing and is there anything we can know from looking at the industry today and where it has, or has not succeeded, in living up to its many promises? Find out in today's episode.
Check out the original article at Quantum Computing’s Hard, Cold Reality Check Hype is everywhere, skeptics say, and practical applications are still far away. (Link: http://tinyurl.com/4xsrz2y3)
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There is only one kind of shock worse than the totally unexpected: the expected for which one has refused to prepare.”
~ Mary Renault
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message"One of the amazing things about the internet economy is how different the list of top internet properties today looks from the list ten years ago. It wasn’t as if those former top companies were complacent – most of them acquired and built products like crazy to avoid being displaced.
The reason big new things sneak by incumbents is that the next big thing always starts out being dismissed as a “toy.”
~ Chris Dixon
Why do so many miss the biggest innovations and most revolutionary technologies sitting right in front of their eyes? Sometimes, like Bitcoin, it is such a drastic change, or solves something so fundamental, that many aren't even aware of the problem. It simply doesn't fit in their worldview. But far more often disruptive technologies are dismissed because they find their first footing in a small, obscure, or purely explorative niche... in other words, they get mistaken as a toy, until they change the world.
Check out the original article at The next big thing will start out looking like a toy. (Link: http://tinyurl.com/3av4vk4d)
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“All big things come from small beginnings. The seed of every habit is a single, tiny decision. But as that decision is repeated, a habit sprouts and grows stronger. Roots entrench themselves and branches grow. The task of breaking a bad habit is like uprooting a powerful oak within us. And the task of building a good habit is like cultivating a delicate flower one day at a time.”
~ James Clear, Atomic Habits
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message"Bitcoin wastes energy. You've heard it a million times. But what if its the exact opposite of the truth in every way? What if its actually our energy grid that is wasteful, and Bitcoin can fix it? What if its renewable energy that is unreliable and uneconomical, and bitcoin mining can balance it out. What is its fiat that's wasteful and unfair, and Bitcoin can correct it? And what if the entire premise is built upon the failure to even understand what it is that Bitcoin does? I think it's time for a Guys' Take episode"
Today we follow up Gladstein's incredible read, and delve into the potential of Bitcoin mining to balance renewable energy sources, correct the wastefulness of fiat currencies, and provide an economically sustainable solution to the world's monetary problems. With insights into how Bitcoin not only conserves but optimizes wasted energy, the discussion challenges prevailing narratives about Bitcoin's energy consumption, offering a fresh perspective on its role in environmental sustainability and economic empowerment.
Other Episodes to explore the energy argument
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"Of all tyrannies, a tyranny sincerely exercised for the good of its victims may be the most oppressive. It would be better to live under robber barons than under omnipotent moral busybodies. The robber baron's cruelty may sometimes sleep, his cupidity may at some point be satiated; but those who torment us for our own good will torment us without end for they do so with the approval of their own conscience."
~ CS Lewis
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message"One night during my visit to Bondo, Carl asked me to pause as the sunset was fading, to look at the hills around us: the lights were all turning on, all across the foothills of Mt. Mulanje. It was a powerful sight to see, and staggering to think that Bitcoin is helping to make it happen as it converts wasted energy into human progress."
~ Alex Gladstein
Can you imagine what it may be like to lack access to the most basic necessities like electricity, only to finally have the opportunity to turn your lights on as the sun sets, due to a room of computers, hashing away for the Bitcoin network? Alex Gladstein of the Human Rights Foundation brings us another incredible piece on how Bitcoin is freeing both the persecuted people and the wasted energy on the African continent. Not in some theoretical sense or some future hypothetical scenario, but today for real people. If you listen to any articles this week, this is the one not to miss.
Check out the original article on Bitcoin Magazine: STRANDED - How Bitcoin is Saving Wasted Energy in Africa. (Link: http://tinyurl.com/357c7f3p)
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“Sovereignty is not given, it is taken.”
~ Mustafa Kemal Atatürk
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message"To put it simply, there are now corporations with billions of dollars of investment in not just the asset, but the ecosystem. Mining is a huge economic drain on the system, and all it accomplishes is censorship resistance. If censorship resistance isn’t worth tens or hundred of billions or dollar per year to the corporations; they will find a way to end it. When they do try to end it, they can point to the ETFs enduring appeal and ignore any constitutional brinkmanship from OG Bitcoiners who threaten to reject the new rules or sell their stacks."
~ Achim Warner
Does the approval and potentially massive success of the Bitcoin ETFs in the west change the incentive dynamics of the Bitcoin system? If the BlackRock ETF becomes the dominant form of liquidity for Bitcoin purchasing among the millions of fools who do not understand or care about its value or ethos, does this open a path to remove bitcoin's mining process completely, as censorship resistance becomes nothing more than an arbitrary cost? Is this the inevitable end for Bitcoin given a long enough amount of time for the ideology that protected it to be watered down, until it is unrecognizable?
Find out in today's read and the Guy's Take to follow
Check out the original article at Bitcoin is dead (long live IBIT) by Achim Warner. (Link: http://tinyurl.com/2xresf8y)
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"The first principle is that you must not fool yourself, and you are the easiest person to fool."
~ Richard P Feynman
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/messageIn today's chat we dive into destroying economic myths and unraveling the political divides of our time toward what future they may be leading us to. What can we make of the balkanization of the US, a push for Texas independence, the unraveling of a global reserve currency and what could we see in the dollar's demise? We dive into all this and more with renowned Austrian economist, and author of Choice among many other books, Dr. Robert P. Murphy.
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"Bitcoin enables perhaps the most powerful mode of ownership ever devised; it would be akin to gold inside a safe that can’t be penetrated with all the energy the universe, and with a password that you know but which could not be guessed over the entire lifetime of the universe."
~ Allen Farrington
What if buying an ETF of Bitcoin, is contradictory to the very investment thesis of Bitcoin itself. Knowing the investment thesis for bitcoin, should entail the understanding that bitcoin's value proposition is undermined by the very notion of holding a credit instrument in its place. Farrington breaks down a few of the reasons why in this excellent, short letter to those considering a purchase of the newly approved bitcoin ETFs.
Check out the original article at An Open Letter to Prospective Buyers of a Bitcoin ETF. (Link: http://tinyurl.com/ykktptk4)
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“Freedom is not worth having if it does not include the freedom to make mistakes.”
~ Mahatma Gandhi
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message"Retrospectively, a lot of ex-DigiCash employees understand why Chaum was so paranoid. As a cryptographer you have to assume the whole world is trying to rip you off. A certain amount of paranoia is part of the job. Chaum had also worked for intelligence agencies, and that didn't fortify his faith in the good intentions of humankind. His vision of the privacy of the individual was almost an obsession. In 1996 he said, in the relations magazine of Honeywell-Bull: "The difference between a bad electronic cash system and well-developed digital cash will determine whether we will have a dictatorship or a real democracy."
~ NEXT Magazine, 1999
Today's story unfolds around the rise and fall of DigiCash, a pioneering company in digital currency from the 90s. It delves into the paradox of its founder, David Chaum, a visionary yet paranoid cryptographer, whose brilliance in cryptography was overshadowed by his poor business acumen and inability to delegate. This leads to a compelling question: How did DigiCash, despite its advanced technology and potential to revolutionize digital payments, fail and how would the past have been different if it hadn't?
This is an amazing blast from the past with many lessons to learn, don't miss the article and the Guy's Take to follow!
Check out the original article at How DigiCash Blew Everything. (Link: http://tinyurl.com/2s37ew47)
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“The most effective way to destroy people is to deny and obliterate their own understanding of their history.”
~ George Orwell
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/messageSometimes in life and the course of history, there are moments where simply stating the truth, in a clear and understandable way, can stir a fire in thousands or even millions of people.
Devon Eriksen, author and destroyer of socialist nonsense, joins us today to get to know him and his perspective. We discuss the nature of story, the importance of culture, the power of stating the simple truth, the dangers of being right too early, and what we need to do to turn the tide of a dying moral code and protect our values for future generations.
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"Enjoy the hell out of this one you will."
~ Yoda
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message"I hope Bitcoin sticks around and grows more popular, but in its current form to most in #TradFi it is the opposite of SOUND MONEY, especially if it takes cult-like behavior to make it grow. It needs the STATE to force its use on everyone. That is what makes it MONEY."
~ Samantha LaDuc
Today we dive into the enlightening twitter thread from financial analyst Samantha LaDuc on why Bitcoin cannot be and is not money, one of which is because money is enforced by the state, but that's only just the beginning.
We witness another instance of the unfortunate confidence where people in finance mistakenly think that because they deal with money, and numbers, and charts, and P/E ratios, that this means they understand *money.* A very, very different discipline that is meaningful over far, far larger time horizons. So let's take a peak into this world view, and then in the spirit of debate... tear it apart. I think you'll enjoy this one
Check out the original tweet at Samantha La Duc's profile. (Link: https://twitter.com/SamanthaLaDuc)
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“Facts do not cease to exist because they are ignored.”
~ Aldous Huxley
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message"Part of the problem of Lightning’s shortcoming regarding scalability of Bitcoin ownership is that in order to open a channel, or control a UTXO, you actually have to transact on the base layer. After that Lightning can facilitate a very large number of transactions off-chain but a user must still transact on-chain to onboard themselves to Lightning, It massively increases the number of transactions Bitcoin can process but it does nothing at all to increase the number of people who can own bitcoin.
~ Shinobi
With scaling a hot issue again, and CTV coming back from the dead with concrete proposals, and covenants on the table, its time to dive back in and make sense of the options, and the concept of scaling not just bitcoin payments, as lightning has done, but Bitcoin ownership. From UTXOs to virtual UTXOs, could this primitive be the next major step in bringing Bitcoin sovereignty to the whole world?
Check out the original article at How CTV Helps Scale Bitcoin. (Link: https://bitcoinmagazine.com/technical/how-ctv-can-help-scale-bitcoin)
A great primer for this episode and discussion is
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“The best way to find out if you can trust somebody is to trust them.”
~ Ernest Hemingway
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/messageThere are a lot of speculation, claims, predictions, and accusations around the successes and faults of the Lightning Network. But where do this things fall when we look at the boots on the ground metrics? When we really look at the hard data, what can we know for certain? Today we dig into the past few years of lightning development and growth with Sam Wouters from River, author of the incredible Lightning Report released in August of last year.
If you are interested in the truth of Lightning, this is a conversation not to miss.
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The legacy financial system has arrived. One January 10th, numerous Bitcoin ETFs were approved. But is this even a good thing? What does this signal for the legitimacy of Bitcoin as an asset? What does it mean for the sovereignty of the network? This could both bring trillions of dollars in liquidity into Bitcoin and break through the Overton window of the average person. This may make bitcoin "real" for many who refused to pay attention before. But the big question... the real risk, is if we cannot scale sovereignty in Bitcoin to everyone in the world, what if we just end up with Gold 2.0? In a world of unbacked paper, and no way out?
It's time for a Guy's take episode. Are the ETFs the End of the Bitcoin Dream?
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"No man is brave that has never walked a hundred miles. If you want to know the truth of who you are, walk until not a person knows your name. Travel is the great leveler, the great teacher, bitter as medicine, crueler than mirror-glass. A long stretch of road will teach you more about yourself than a hundred years of quiet."
~ Patrick Rothfuss
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message" Channel liquidity and offline receives, in my opinion, are the two most obvious reasons why self-custodial lightning is not popular. When most users hear about any of these, they just think "screw that" and move to a custodial wallet because it is so much easier. If these were our only two problems, I think self-custodial lightning would be fine. It may never be the predominant way people use lightning, but we could get the UX good enough that we have a significant portion of people using lightning in a sovereign way. However, there are more problems under the surface."
~ BenTheCarmen
Is it time to reframe our image of where lightning's role lies in the Bitcoin stack? There have been problems in the implementation that make the self custodial road a far more difficult UX challenge. While much of it has been mitigated, a few intractable problems remain, and some may be an existential result of how LN enforces security on the main chain. Where will the users be in a world of a billion Bitcoin users? And can the promise of lightning ever be fulfilled?
Check out the original article at Rethinking Lightning. (Link: http://tinyurl.com/mvcmwubk)
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"There are no solutions, there are only trade-offs."
~ Thomas Sowell
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message"The computers used to create valuable new Bitcoin tokens and validate transactions consume around the same amount of energy as a medium-sized country such as Sweden would generate. Hence the stinging critique of how this cryptocurrency wastes the planet’s precious resources." — Ian Birrell
Is it true that Bitcoin only wastes energy and is the sole purview of financial gambling and speculation in the western world, or are there boots on the ground showing the real results of the "pioneer species" thesis we've recently covered? What if Bitcoin is bringing both financial independence, and electricity, those those with no other viable options? This incredible article is not to be missed.
Check out the original article at The African village mining Bitcoin - UnHerd (Link: https://unherd.com/2024/01/the-african-village-mining-bitcoin/)
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“Technological change is not additive; it is ecological. A new technology does not merely add something; it changes everything.”
― Neil Postman
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message"Bitcoin appears to be a decentralized Ponzi scheme not a decentralized currency. People don't spend it because they want it to go up. The dollar works because of inflation. It keeps velocity up like hot potato. If you want to store value silver gold and land. Because it's beautiful useful and valuable. Bitcoin is a Ponzi scheme without an individual attached to it to go to prison. So the media can control swings for profit. That's my opinion about bitcoin. The purpose isn't currency the purpose is to make dollars. The dollars "weakness" is actually why it won't be replaced. Velocity."
— Owen Benjamin
Today we read a great little article from Robert P Murphy that challenges the notion that a currency must be "weak," in order for it to work as money. And while in some sense bitcoin is not yet money when it comes to wide spread acceptance, is it possible, that it one day could be? Don't miss this one.
An open invitation to Robert Murphy to chat on Bitcoin Audible.
Check out the original article at:
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“Production is quite possible without money. There is no need for money either in the isolated household or in the socialized community. Nowhere can we discover a good of the first order of which we could say that the use of money was a necessary condition of its production.”
― Ludwig von Mises
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message"Since 2017, bitcoin has been Stone Ridge’s treasury reserve asset because of my extreme aversion to risk. We run net short USD – which is fancy way of saying we net borrow fiat - to pay bills and make investments. We save in bitcoin. It would be impossible to overstate the corporate advantages of being on the Bitcoin Standard. Since 2017, we’ve doubled our franchises to ten, more than 10x’d our trading profits, and delivered 25% annualized ROE for our shareholders. Our firm compensation, rent, and total expenses are up 89%, 119%, and 69%, respectively, in fiat, and down 36%, 26%, and 43%, respectively, in bitcoin."
~ Ross Stevens
Today we dive into the Stone Ridge Investor Letter for 2023, sharing wisdom on staying grounded and grateful, exploring long term investment perspectives, and dropping bombs regarding the foolishness of being on the fiat standard, and the incredible advantage of having a bitcoin treasury. This is a great read, not to be missed. A shout to Ross Stevens for the incredible work he is doing.
Check out the original article at Stone Ridge 2023 Investor Letter (Link: http://tinyurl.com/j4serp6v)
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“There are only two ways to live your life. One is as though nothing is a miracle. The other is as though everything is a miracle.”
~ Albert Einstein
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message"This decision, which is legally sound, has the effect of declaring all private mortgages on real and personal property, and all U.S. and State bonds held by the Federal Reserve, National, and State banks to be null and void. This amounts to the emancipation of this Nation from personal, national, and state debt purportedly owed to this banking system. Every American owes it to himself to study this decision very carefully, for upon it hangs the question of freedom or slavery."
~ Jerome Daly
Is it an exaggeration to say the financial and banking system of today have re-enslaved the country? Or is there a serious argument to be made, that explains why all those who build and create all the value of the modern, somehow owe it all back to the bankers, to those who contributed nothing to its creation. How can that be? Find out in Daniel Prince's recent piece, "Usury, Your Bank, and You."
Check out the original article at Usury, Your Bank, And You. (Link: http://tinyurl.com/27nwdcyj)
Mentioned in the take
Broken Money: Why Our Financial System Is Failing Us and How We Can Make It Better by Lyn Alden (Link: https://a.co/d/dGnqS4G )
The Fiat Standard: Debt Slavery Alternative to Human Civilization by Saifedean Ammous (Link: https://a.co/d/dXa4HpF)
Layered Money: From Gold and Dollars to Bitcoin and Central Bank Digital Currencies by Nik Bhatia (Link: https://a.co/d/dlxqudX)
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"They muddy the water to make it seem deep"
~ Friedrich Neitzche
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message“This makes Bitcoin miners uniquely symbiotic with energy grids serving as “demand response” partners. If energy is ever in short supply, people get priority over Bitcoin miners. However whenever there is excess energy, it gets monetized. This symbiotic relationship leads to more energy abundance generally.”
~ Brandon Quittem
Another great piece coming at you today from The Bitcoin Times Ed 4, and by returning author Brandon Quittem, who did the incredible Mycelium Series for understanding Bitcoin through the lens of an organic mycelium like organism. Today he tackles Bitcoin mining, and how the altered incentives of Bitcoin make it a pioneer species that will allow us to expand into energy deserts, and spread the scope of civilization in a way not immediately obvious. Don’t miss today’s excellent read, "Bitcoin is a Pioneer Species."
Check out the original article at Bitcoin is a Pioneer Species. (Link: http://tinyurl.com/y9nd764c)
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"We’re less than a year from another halving, awaiting systemic implications from federal regulation and institutional adoption, standing at the precipice of an American primary election into which Bitcoin has irrevocably inserted itself.
Welcome to the big leagues."
~ Mark Goodwin and Alex Bergeron
We are headed into a new era for Bitcoin. The stakes are higher, and the challenges will be even greater. There will be inevitable shifts in how we use and how we think of Bitcoin as a system. And there is a monumental amount of work to be done to secure it's promise for the future to come. Complacency is not an option. Today we read an excellent piece from Bitcoin Magazine by Mark Goodwin and Alex Bergeron, The Difficult Adjustment.
Check out the original article at The difficult adjustment. (Link: http://tinyurl.com/4whtmtb6)
Don't forget to check out my other podcast, AI Unchained (Link: http://tinyurl.com/mryshwb5), as well as the content now available on the Youtube. Tons to explore for the future of money and the future of the digital world.
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"Power concedes nothing without a demand. It never did and it never will."
~ Frederick Douglass
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message"You’re a thirsty bitch. You like to gargle Peter’s balls."
~ DeaterBob
Merry Christmas! In this reboot episode, we revisit the infamous debate between Bitcoin plebs American HODL and DeaterBob. They're on the same mission of pushing Bitcoin adoption, but their principles and who they're willing to buddy up with couldn't be more opposite. This episode is a lighthearted journey into the hilarious underbelly of discussions in the Bitcoin community.
Check out the original article at AH & Deater. (Link: http://tinyurl.com/mswfx84r)
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"There is a Remnant there that you know nothing about. They are obscure, unorganized, inarticulate, each one rubbing along as best he can. They need to be encouraged and braced up because when everything has gone completely to the dogs, they are the ones who will come back and build up a new society; and meanwhile, your preaching will reassure them and keep them hanging on. Your job is to take care of the Remnant, so be off now and set about it."
~ Albert Jay Nock
In this reboot episode, we revisit the profound insights of the article "Isaiah's Job," exploring the timeless messages delivered by the prophet Isaiah over his fifty-year ministry to the southern kingdom of Judah. Against the backdrop of political turmoil and societal sins mirroring those of ancient times, Isaiah emerges as a unique figure, his words resonating with a powerful truth: if His chosen people won't be His, they will be no people at all.
Isaiah's teachings remain relevant, urging reflection on ethical conduct, justice, and the consequences of straying from unwavering principles. His call for obedience to God's laws resonates, emphasizing the enduring importance of spiritual values and moral accountability in modern society.
Check out the original article at Isaiah's Job. (Link: http://tinyurl.com/yt2dry6k)
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"You got to go from proto banking to full service banking and then to central banking and you know interconnected central bank. So now a lot of that is actually a technological story and I don't think it gets covered enough because most people covering it. Historians and economists aren't necessarily looking at the lens of technology and at most they'll give a caveat like oh the telegraph allowed this.
But it's like no, that's actually not like a footnote.That's a core thing that happened, that changed everything.
And so that's why I wanted to focus Broken Money on not just individual decisions but actually how technology dictates the changing money over time."
~ Lyn Alden
Today we have a riveting conversation with Lyn Alden, the acclaimed author of 'Broken Money,' as we delve into the inevitable march of technology and how it has shaped the world of money, ethics, and politics from the gold standard, through the fiat era, and on to Bitcoin. We explore the pitfalls of the fiat system and Bitcoin's transformative role in our monetary future. Lyn's unique blend of engineering and financial expertise offers a fresh perspective on how technology shapes our economic landscape, revealing insights into the future of money and investment.
Check out Lyn Alden's incredible book and blog Broken Money: Why Our Financial System Is Failing Us and How We Can Make It Better (Link: http://tinyurl.com/3fmtja7t) - Lyn Alden Investment Strategy (Link: lynalden.com)
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"Regulators will continue coming down on those custodians, making more demands for information, more demands on restrictions for what users can do with their money, they will not stop. So short of actually activating covenants on Bitcoin, what can we do?"
~ Shinobi
As we move into an era of bitcoin where the surveillance and control apparatus will seek to gain their stranglehold on the industry, but we still don't have a scaling solution for the whole world, how do we mitigate the time during transition? How can we protect ourselves and our family's as we make our way in the Bitcoin future? It's time for uncle Jim to step up.
Check out the original article at Everyone Needs An Uncle Jim. (Link: https://tinyurl.com/3p29ud5y)
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“Not everyone can see a tree within a seed.”
~ Nicky Verd
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/messageIn this episode I dive into the ongoing shift from closed systems to open, permissionless digital realms, drawing parallels to the internet revolution. I discuss the importance of privacy as a fundamental right, and explain why government attempts to regulate and control Bitcoin are contemptible and flawed. With a focus on recent FinCEN rules and Senator Warren's proposed bill, I advocates for a re-evaluation of regulatory approaches, challenging the authorities to understand the true nature of Bitcoin and its global, decentralized nature. Tune in for a thought-provoking "Dear Government" message and a compelling exploration of the technological advancements reshaping our financial future.
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"I’ve done an overall analysis of the proposal by addressing seven different sections of where FinCEN is attempting to infringe on your rights. From violating the sanctity of your personal information and restricting your financial autonomy, to stifling your freedom of speech and association, I’ll unpack each area. This is about shining a light on the fine print, connecting the dots, and equipping you with the knowledge you need to stand up against these intrusive measures. It’s time to draw a line in the sand and protect the liberties that define us."
~ Preston Pysh
FinCEN has taken it upon themselves, by the permission of the PATRIOT ACT, to unilaterally enforce an onerous reporting and surveillance apparatus on all digital currency services and providers, in a vague and burdensome violation of the basic right to privacy and protection against warrantless search in their proposed FINCEN-2023-0016 Rule. Hear Preston Pysh do an incredible breakdown and response to each element to help you make sense of this overreach and how to stand in its way.
The Guy's Take in this episode begins at 2:03:50
Check out the original article at Analysis of FinCEN Policy FINCEN-2023-0016: Overreach and Impact on Individual Rights — #jointheeclipse
Post your comments on the register here
Federal Register :: Proposal of Special Measure Regarding Convertible Virtual Currency Mixing, as a Class of Transactions of Primary Money Laundering Concern (Link: http://tinyurl.com/3zmf8shs)
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"That if you wish to destroy a nation you must first corrupt its currency, thus must sound money be the first bastion of a society's defense."
~ Adam Fergusson
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message"Nothing in the ordinal logic requires inscriptions to be linked to the “first” sat. So why is it the first sat of the first output? Why not the second sat of the first output? Why not the last, or one of the other hundreds, thousands, or millions of other satoshis which were also present in that same transaction? The answer is, well, because we are _pretending_ that it is so. In other words, we say a sat is inscribed _by fiat_."
~ Southern Hands
You may have heard many claims of the innovative and exciting things being built with ordinals, and how the popular new inscription NFTs are inspiring a flurry of activity and pushing fees higher on the Bitcoin chain. What exactly are ordinals that have made this possible? And how does one own a "scarce digital artifact" on the blockchain? Is there any truth to these claims, or is it all smoke and mirrors?
Check out the original article at Ordinals are Fiat. And Inscriptions aren’t Rare by Southern Hands | Medium (Link: https://tinyurl.com/4zvbauhf)
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"It takes considerable knowledge just to realize the extent of your own ignorance."
~ Thomas Sowell
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/messageThe principle that one should help men in an emergency cannot be extended to regard all human suffering as an emergency and to turn the misfortune of some into a first mortgage on the lives of others.”
~ Ayn Rand
Today we are going to turn some concepts on their head. I hope that this challenges many to reflect not on their judgements, but to reflect on *the internal values that push us toward those judgements.* What if our thinking is twisted by a deeply internalized, but absurdly unrealistic expectation?
Why are ethics questions always framed in the context of a life or death emergency? Or framed from the context of who we should sacrifice our life for, painting the universe as persistent chaos and malevolence. How does this help us in our day to day lives? What does this framing imply for moral values for the other 99.9% of the time? Diving back into Ayn Rand's philosophical musings in "The Virtue of Selfishness," today we cover chapter 3, on "The Ethics of Emergencies."
Check out the original article at The Virtue Of Selfishness by Ayn Rand (Link: https://tinyurl.com/4cp4sc2m)
If you haven't listened to the first in this series
Ayn Rand Org Link
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"To get the full value of joy you must have someone to divide it with."
~ Mark Twain
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message"Many people insist that governments aren't involved in censorship, but they are. And now, a whistleblower has come forward with an explosive new trove of documents, rivaling or exceeding the Twitter Files and Facebook Files in scale and importance."
~ Michael Shellenberger
From time we time we get a lucky glimpse into the mindset and tactics of the counterfeit class. Exposing their crimes and systems of manipulation. Today we uncover more, thanks to the help of an anonymous, brave whistleblower, we find a public-private partnership to systematically censor political opposition and deliberate manipulate the narrative and cover up the truth. When you control the flow of information, you control the limits of belief. They not only knew this, but used it as a pillar in a framework to defame, discredit, attack, propagandize, and use fake accounts to openly harass anyone who told "the wrong version" of the truth. A peak inside the Censorship Industrial Complex.
What does this have to do with Bitcoin? Bitcoin is a system that exists at multiple layers of society. The free flow of information is critical to securing the communication and social layers of the system. There is no solution to censorship in centralized platforms. I urge you to explore Nostr, Holepunch, and Bitcoin/Lightning if you haven't. This is a technology problem, and we have the solutions.
Check out the original thread at Bitcoin Audible - CTIL Files #1 (Link: https://tinyurl.com/2hutks8h)
For the other references made in the episode
Bitcoin Audible - Read_681 - The Twitter Files - Part 1 [Matt Taibbi] (Link: https://tinyurl.com/3d92ja6c)
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"Words can light fires in the minds of men. Words can wring tears from the hardest hearts."
~ Patrick Rothfuss
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message"A reality check on the limitations of Lightning Network, and what that means in terms of its long term viability. No, it's not doomed, but it probably won't be used the way you expected it to be."
~ Shinobi
What has happened to lightning? With fees skyrocketing thanks to Ordinals bloating blockspace, tons of payments over lightning are no longer viable, or become entirely trusted. How did we not see this coming and what new issues have arisen as Lightning has matured? Does this spell the end of lightning, or is there more to this story? Find out in today's excellent piece at Bitcoin Magazine from Shinobi.
Check out the original article at Bitcoin Magazine Lightning is Doomed! (Link: https://tinyurl.com/4n54kkms)
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"The fact that so many successful politicians are such shameless liars is not only a reflection on them, it is also a reflection on us. When the people want the impossible, only liars can satisfy."
~ Thomas Sowell
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/messageThe free market works because economic decisions are made by people who have skin in the game. When you spend $100 you have earned, you understand the cost. It was your sweat the created the gain, and no one can understand that cost better than you when you go to spend it. Genuine value information, and real trade offs inform the price in the market. Money is simply a reflection of the resources it is allocating. It is nothing more than a ledger system for allocating resources across time. But when someone can cheat the ledger. When the money can be counterfeited at will. It pours a torrent of noise into the economic signal. The free market is essentially destroyed. Because the allocation of your decisions, of everyone's value judgements being signaled in the market, is overrun by trillions in counterfeit. With no skin in the game, with no thought, without understanding the value that went into it, or having to pay for the cost of their errors. It is a system of economic fraud and disinformation. But the problem isn't merely an economic one. The fiat system, has another, more sinister consequence. One that is tied to the very nature of the human spirit. It's time for a Guy's Take episode.
Link to other great works and episodes referenced in the show
Guy's Take - Bitcoin Audible - Guy's Take #36 - Walking Tall (Link: https://tinyurl.com/3bevnhpx)
Audible Audiobook - Broken Money by Lyn Alden (Link: https://tinyurl.com/2p874rjm)
Audible Audiobook - Atomic Habits: An Easy & Proven Way to Build Good Habits & Break Bad Ones by James Clear (Link: https://a.co/d/63IJQNz)
GG NO RE podcast - Fountain (Link: https://tinyurl.com/mrmjjpuj)
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“It's really a wonder that I haven't dropped all my ideals, because they seem so absurd and impossible to carry out. Yet I keep them, because in spite of everything, I still believe that people are really good at heart.”
~ Anne Frank
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/messageNodeless is dead. Long live Nodeless. Unfortunately the Nodeless payment service has had to shut down, but for anyone who needs to get in touch for any issues then feel free to contact me or UTXO. Nodeless is also open source, so if you wish to setup an instance for yourself, the project is available on github:
https://github.com/nodeless-io/nodeless-monolith
Follow UTXO on Nostr for surely other great things to come:
npub1utx00neqgqln72j22kej3ux7803c2k986henvvha4thuwfkper4s7r50e8
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message"Clients applying this reasoning should remember that, in bitcoin, no one is too big to fail. There is no government or money printer capable of restoring lost coins, so there are no bailouts. Trusting a single company, no matter their qualifications, to protect your bitcoin creates significant counterparty risk."
~ Dhruv Bansal
We come at you with another read today, this one on the maturation and new developments in the collaborative custody industry. Today we are used to thinking of Bitcoin security as either left with a custodian, or kept in personal cold storage, while I think the future will look back on this as the immature beginnings of one of the most vibrant markets in bitcoin finance. Most of the world will exist in the middle, with shared and distributed custody providers, eliminating single points of failure in markets across the globe... and it all begins, with a network of keys...
Check out the original article at Bitcoin needs a network of keys. (Link: https://tinyurl.com/yahv5k3r)
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“Physics is like sex: sure, it may give some practical results, but that’s not why we do it.”
~ Richard P. Feynman
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message"A recent anonymous proposal specifies a system using timelocked Bitcoin transactions and chaumian ecash mints to create an economic incentive for BitTorrent users to seed files."
~ Shinobi
Bittorrent was one of the most important protocols in the world during its day, but it always had one striking drawback, for any content that wasn't very popular, availability was always a problem. Even more so today as the network has found itself a smaller and more fringe part of internet culture. What if there was a way to incentivize seeders to return? To bring the P2P protocol back into its element?
An anonymous proposal called Durabit, seeks to marry bitcoin, ecash, and bittorrent, to potentially breathe new life into the old P2P system. Listen to today's episode to learn more.
Check out the original article at DURABIT: INCENTIVIZING TORRENT SEEDING WITH BITCOIN (Link: https://tinyurl.com/5drhn83u)
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References in the show
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"The universe, our physical universe, has that property that makes it possible for an individual or a group of individuals to reliably, automatically, even without knowing, encipher something, so that all the resources and all the political will of the strongest superpower on earth may not decipher it. And the paths of encipherment between people can mesh together to create regions free from the coercive force of the outer state. Free from mass interception. Free from state control."
~ Julian Assange
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message"The difference between the Linden Dollar, World of Warcraft Gold, Fortnite V-Bucks, the Euro, and the U.S. dollar is in scale, not in nature. While V-Bucks are created and controlled by Epic Games (the company that created Fortnite), the U.S. dollar is created and controlled by the Fed. One impacts millions of people, the other billions. The mechanism that keeps these monies in check--the rules of the game, if you will - is the same in both cases: central decree."
~ DerGigi
For those who are new to the show, there are so many phenomenal pieces we have covered that deserve to be heard. One of those that gave the most approachable arguments for understanding the difference between the multitude of *virtual* monies we experience in the digital age, and Bitcoin, the first truly *digital* money, was absolutely, Gigi's incredible piece, "Bitcoin is Digital Scarcity."
If you haven't heard or read this one, stop what you are doing, and turn this on.
Check out the original article at Bitcoin Is Digital Scarcity | dergigi.com (Link: https://tinyurl.com/bdv8p5n4)
Guest Links
Gigi on X (Link: https://twitter.com/dergigi?lang=en)
Gigi on Nostr (Link: https://tinyurl.com/2jhz4y6t)
Host Links
Guy on Nostr (Link: https://tinyurl.com/yc376bff)
Guy on X (Link: https://twitter.com/theguyswann)
Bitcoin Audible on X (Link: https://twitter.com/BitcoinAudible)
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Have a Happy Thanksgiving everyone!
"I am grateful for what I am and have. My thanksgiving is perpetual. It is surprising how contented one can be with nothing definite - only a sense of existence." —
~ Henry David Thoreau
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/messageThe election of Javier Milei is unlikely the be the next El Salvador, but I don't think it needs to be in order to be significant. There is something deeper going on for Javier to win on the message he is sending. And I think it shows the signs of a shifting tide, and Bitcoin is the island that's coming into view.
References made in the episode for further reading:
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"The only way of determining how a conscious actor values one thing above another, is by observing how they act."
~ Knut Svanholm
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message"The recurring cycle of economic booms followed by inevitable busts has remained a puzzle for generations of observers. While mainstream Keynesian and monetarist theories propose monetary interventions to smooth these fluctuations, the Austrian School offers a compelling and alternative perspective"
~ Michael Matulef
The bust will not be escaped. We cannot print our way out of it, we cannot cover it up with more artificial interest rate controls. We have drunken ourselves into an economic and financial stuper for far too long, we have avoided the hangover with another massive bender decade after decade - so long that we've lost sight entirely of the purpose of investment, the culture of sustainable capital, and the very reason for frugality and sustainable savings. The crash will hurt, but its the *solution*, not the problem.
Find out why in today's excellent article by first time author on Bitcoin Audible, Michael Matulef: The Inevitable Bust: Why Economic Booms Contain the Seeds of Their Own Destruction | Mises Wire. (Link: https://tinyurl.com/3zsw982z)
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"We are all humiliated by the sudden discovery of a fact which has existed very comfortably and perhaps been staring at us in private while we have been making up our world entirely without it.”
~ George Eliot
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message"Ultimately, my goal with Coinos is to make Bitcoin a super simple user interface for "normies" to be able to come on and not have to understand how things are working under the hood... Just get on the website, make your account and you're good to go."
- Adam
Today we bring on the team from Coinos on the developing merchant market, how to build tools and services in an uncertain regulatory environment, and how to onboard your local market into the Bitcoin ecosystem easily and for their benefit. They've built a tool to simplify interfacing with Bitcoin and Lightning, and soon Liquid as well, to make the next era of adoption, the one that finally expands to a global, brick and mortar marketplace. The era of Bitcoin commerce is coming, it's time to prepare accordingly.
Check out our guests and follow the project on Twitter and Nostr below:
A huge thanks to our amazing sponsors:
Is Bitcoin destined to become another fiat system? Where we end up in a world where the dominant instrument isn't Bitcoin at all, but just more IOUs? Where Bitcoin substitutes replace real Bitcoin? Does it not just become another fiat system, or are there fundamental incentives and technological trends that prevent this and push us ever closer to total sovereignty? With smaller and smaller communities and institutions able to organize and exit in an independent way... where a Bitcoin world means a free world?
It's time for a follow-up to Eric Yake's and Axiom BTC's amazing piece, "Banks without bankers."
Get ready for another "Guys Take" episode.
A huge thanks to our sponsors, and don't forget to check out the offers for the listeners of this show!
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"Finish each day and be done with it. You have done what you could. Some blunders and absurdities no doubt crept in; forget them as soon as you can. Tomorrow is a new day. You shall begin it serenely and with too high a spirit to be encumbered with your old nonsense.” ― Ralph Waldo Emerson
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message"Unique to the emergent Bitcoin financial system is the application of cryptography to fundamental financial functions. Novel technologies exist, are being built, and have been theorized that will enable previously unseen functionalities, robustness, and, ultimately, competition amongst Bitcoin financial intermediaries. Key to these novelties is the characteristic of peer-to-peer (“P2P”) exchange; that Bitcoin financial intermediaries will surely exist as commercial options, but that newly possible direct manipulation and exchange will exist as well."
-Eric Yakes
The future of Bitcoin remains uncertain in terms of scalability, privacy, storage, and payment applications. The application of cryptography to financial functions introduces novel technologies and potential competition among intermediaries. Can Bitcoin achieve true decentralization? Or will trusted third parties jeopardize the entire system? How will the balance between custodial and self-custodial options shape the future of Bitcoin? In Eric Yakes’ analysis, he explores the implications of the new financial paradigm we find ourselves in as Bitcoin continues to assert its dominance as an asset enabling true financial sovereignty.
Check out the original article at: Banks Without Bankers
A huge thanks to our sponsors, and don't forget to check out the offers for the listeners of this show!
LIGHTNING IS DEAD! Did you hear about the new exploit discovered that may be the "nail in the coffin" of the broken and defeated Lightning network? I bet you did, but did anyone you heard it from actually know how it worked?... Probably not. That's what we dive into today, trying to make sense of the new Lightning exploit, how it works, the risk, and whether or not the sky is falling. Find out in today's Guy's Take episode.
A shout out to Shinobi, Matt Corallo, John Carvalho, and numerous people on the mailing lists and other platforms who helped to throughly explain this bug so that I could make some sense out of it.
Major thanks to our amazing sponsors who keep this show alive:
Don't forget to check out Prodcast.io and keep an ear out for Lyn Alden's incredible book coming soon to Audible!
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"It is better to be hated for what you are, than to be loved for what you are not." — Andre Gide
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message"We have no interest in causing confusion, mistakes, or deception. That sounds more like a job for those responsible for telling the market they wouldn’t raise rates after a massive monetary expansion, and then went on to raise them faster than at any time in U.S. financial history." — Mark Goodwin
Today we have a very entertaining development thanks to the fools at the Federal Reserve Bank of Chicago. Bitcoin Magazine is being threatened with a lawsuit over t-shirts they are selling that mock the FEDNOW program that the Fed states "has built up substantial goodwill" and that these shirts and merchandise will cause "confusion, mistakes, and deception." No, this is not a parody, it appears to be real. So we pause our regularly scheduled programming today to explore this beautiful little moment in Clown World.
Check out the original article at: Bitcoin Magazine
A huge thanks to our sponsors, and don't forget to check out the offers for the listeners of this show!
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"He knows nothing; and he thinks he knows everything. That points clearly to a political career." — George Bernard Shaw
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/messageIt's often said that Bitcoin is too limited, that you can't build anything interesting on top of the Bitcoin chain... what if that was not only true, but that there were no limits? What if literally anything you could write into code, any program, app, game, theoretically even an entire operating system could be constructed such that its valid execution determined the ownership of Bitcoin? What if there were no limits, and you could build everything on Bitcoin? Today we dive into BitVM with Robin Linus and Super Testnet. A virtual machine built entirely in Bitcoin script, with no soft fork needed. This could change everything.
Links for further exploring:
- Telegram: Contact @bitvm\_chat
- яobin linus (@robin\_linus) / X
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"Will Bitcoin adoption improve the monetary policy behaviors of the Federal Reserve? I submit that it won’t. I do not see the incentive for the Federal Reserve to give into anyone or anything, let alone Bitcoin. Be honest, Bitcoin is surely not big enough to be a threat to the U.S. dollar. The United States is far more concerned with U.S. dollar dominance being threatened by, say, the Chinese yuan. Bitcoin on its own has not destabilized anything." — George Kaloudis
Will the Federal Reserve be "reigned in" thanks to Bitcoin? Will the continued success of Bitcoin's growth and network effect mean that the Federal Reserve capitulates? That they admit the failures of their approach and start appeasing the sound money tropes and calls for austerity? George Kaloudis makes an entertaining case in today's read, that the answer is in fact, "No."
Check out the original article at:
https://bitcoinmagazine.com/markets/bitcoin-wont-fix-the-federal-reserve
If you want to support the show and an awesome new service, check out Prodcast.io to purchase any books (and other products in the future) that i have recommended on the podcast:
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“You only live once, but if you do it right, once is enough.” ― Mae West
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message"Timeout Trees is a very concrete and specific proposal for a channel factory design that actually attempts to address the real issues of use and implementation instead of a half-defined and vague concept. That is massive progress in terms of addressing Lightning's long-term scaling limitations." — Shinobi
Today we dive into a cool proposal that takes advantage of covenants to build the first, practical implementation of a "lightning factory," or in other words, a way to create hundreds, even thousands of lightning channels taht exist entirely off chain and require only the most minimal footprint in the cases where things go wrong. Another great piece by Shinobi breaking down the technical developments that matter.
Check out the original article at: Bitcoin Magazine
If you want to support the show and an awesome new service, check out Prodcast.io to purchase any books (and other products in the future) that i have recommended on the podcast: Bitcoin Audible – Prodcast
Check out our amazing sponsors who make this show possible:
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“To believe in something, and not to live it, is dishonest.” ― Mahatma Gandhi
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/messageWe are diving back into the Bitcoin basics series today! Now that we understand how bitcoin works, what is important, how to stay safe, and how to use it, it's time to answer the most basic question for getting started... How do I get some Bitcoin!? Let's dive in with Bitcoin Basics episode 008.
Wallets: getalby.com | Phoenix Wallet
Nostr: primal.net
Buy Bitcoin:
Sign Up to Buy & Sell Bitcoin | River
Other episodes:
A huge thanks to our sponsors, and don't forget to check out the offers for the listeners of this show!
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"The most beautiful thing we can experience is the mysterious. It is the source of all true art and all science. He to whom this emotion is a stranger, who can no longer pause to wonder and stand rapt in awe, is as good as dead: his eyes are closed." — Albert Einstein
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message"After four years of work, James O'Beirne's assumeutxo option to allow instant UTXO set bootstrapping for your Bitcoin node is merged into Bitcoin Core." — Shinobi
There has always been a gap between the sovereignty, privacy, and security of software, and the usability of it. But thanks to an enormous amount of work and brilliant developers, day by day that gap is getting smaller. Where the most secure tools, the most robust node setups, the non-custodial options, are getting easier, faster, and more responsive. Today we have an article by Shinobi on another seemingly small, but potentially very impactful development on bootstrapping a new node, with assumeutxo finally merged, into Bitcoin Core. If you want to know what that means, then don't miss this episode.
Check out the original article at: Bitcoin Magazine
A huge thanks to our sponsors, and don't forget to check out the offers for the listeners of this show!
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“Be yourself; everyone else is already taken.” ― Oscar Wilde
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message"There used to be tradeoffs between Lightning and fiat: UX vs. sovereignty; UX vs. speed; UX vs. cost; off-the-shelf fiat payment widgets vs. coding a node into an app. With the Breez SDK, Lightning beats fiat across the board. It’s faster to implement (as Ross says, “It’s like one or two API calls to set up a node, one to send a payment and one to receive payment”), cheaper to use, legally less complicated (check your jurisdiction), more private, and the UX is on par with fiat for the user and even better for the developers." — Roy Sheinfeld
If you are curious what the future of lightning is going to look like, or exactly how huge the runway is for adoption and onboarding in the next bull run, then this short article detailing out a simple example will show you just how powerful the Breez SDK + Blockstream Greenlight combo really is. Non-custodial, always online, instant node setup, and zero channel or liquidity management. This is the culmination of everything built in lightning to date, and its going to be a game changer!
Check out the original article at:
Satimoto Is Beating Fiat with the Breez SDK | Breez Technology - https://medium.com/breez-technology/building-on-lightning-how-satimoto-is-beating-fiat-with-the-breez-sdk-88aa8252a994
Check out some of Roy's other great articles covered on the podcast:
Read_701 - Lightning for Everyone in Every App
Read_574 - Lightning & The Internet - Choosing the Right Path
Read_732 - We Need More Apps With Lightning, Not More Lightning Apps
Read_450 - Getting Lightning Ready for Global Takeover
A huge thanks to our sponsors, and don't forget to check out the offers for the listeners of this show!
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"It takes considerable knowledge just to realize the extent of your own ignorance." — Thomas Sowell
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message"It requires no consensus changes to Bitcoin at all. The trick is lifting all of that logic off-chain and being able to challenge a few steps of the computation on-chain if the other party asserts a dishonest outcome. In short, BitVM will bring arbitrary Turing-complete computation, in an enforceable way, to bitcoin itself – today."
What if you could enforce the ownership of Bitcoin, with literally any code you could think of writing? That may just be possible, today, without any changes or soft forks to the underlying network, through a system of abstraction that cleverly, and verifiably, allows execution of completely arbitrary code within the Bitcoin script, which will determine the ultimate owner of any bitcoin balance. This, could be massive. A great piece from Shinobi explains, how and why it works...
Check out the original article at: Bitcoin Magazine
Links:
Spiderchains: A proof of stake second layer for Bitcoin
Read_734 - Introducing Ark [Burak]
A huge thanks to our sponsors, and don't forget to check out the offers for the listeners of this show!
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“Nobody ever figures out what life is all about, and it doesn’t matter. Explore the world. Nearly everything is really interesting if you go into it deeply enough.”
– Richard P. Feynman
I hope you listened to the recent read by Beautyon, Bitcoin and Software Reliability, because today we continue our FUD Relief series. I suspect you have heard the claim that "Bitcoin doesn't innovate" and that newer and shinier blockchains are destined to replace it. I explore this idea today and suggest that the very framing of the claim suggests they have misunderstood Bitcoin's highest value. I break it down in today's Guy's Take episode.
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“The system of private property is the most important guarantee of freedom, not only for those who own property, but scarcely less for those who do not.” — F. A. Hayek
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/messageObi Nwosu, co-founder and CEO of Fedi, joins us today to talk about the new innovations and challenges in decentralising the web and how both Bitcoin and Ai are at the core of making it possible.
This conversation was recorded for the AI Unchained podcast, but I decided to cross post it here since a lot of the conversation is themed around Bitcoin.
Guest Links: Follow Obi on X: https://x.com/obi
Follow Fedi on X: https://twitter.com/fedimint
A huge thanks to our sponsors, and don't forget to check out the offers for the listeners of this show!
"With Bitcoin, lives and money are at stake. Interruption of its service can cause a cascade of losses and unintended consequences for potentially millions of people and billions of fiat dollars. If it is possible to build a Bitcoin that cannot fail, that should be the goal, and no compromise should be acceptable." — Beautyon
Before we get into a Guy'a Take to continue our FUD Relief series - addressing the failures to understand the value and purpose of Bitcoin - it's time to bring a brilliant piece back from the archive, update the audio and give some fresh commentary to set the stage for tackling another common misconception of "progress" when it comes to the bitcoin perspective. If there was a top tier of articles that are must-listens to grasp bitcoin, this would be in it. Let's dive in.
Check out the original article at: Bitcoin and Software Reliability by Beautyon | Medium
Don't forget to check out our amazing sponsors for the show:
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"The only real voyage of discovery consists not in seeking new landscapes, but in having new eyes." — Marcel Proust
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message"Our existing financial system is a mirage of wealth and liquidity, sustained by an ever-expanding money supply. Bitcoin emerges as the ultimate shield against the inevitable reckoning that will shatter this illusion."
— Theo Mogenet
Today, we dive into another great piece from Axiom BTC on the mission to reprice the world in sats. We all understand the incredible benefit of Bitcoin as a long term store of value, and that's its monetary properties give it unique capacity for long term savings. However, too often we hear it is a disaster for short term cash balances. What if this wasn't true? What if there was a possible path to Bitcoin, actually being the *best* short term cash equivalent on a global scale, even *despite* it's volatility? If that intrigues you, don't miss this piece.
Check out the original article at:
Orange Is The New Green — Axiom
Links:
Read_750 - Capital in the 21st Century [Allen Farrington]
Chat_80 - Building the Ark with Burak
A huge thanks to our sponsors, and don't forget to check out the offers for the listeners of this show!
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In this episode, I talked with Zack ₿omsta, the visionary leader behind Pivotal Pleb. Pivotal Pleb is on a mission to level the playing field for decentralized miners.
Zack shares insights into how their technology is driving decentralisation and empowering individual miners, allowing them to play a vital role in the Bitcoin network. Join us as we unravel the importance of accessible mining solutions and their impact on the future of Bitcoin.
A huge thanks to our sponsors, and don't forget to check out the offers for the listeners of this show!
"Today historians focus on the symptoms of Rome’s fall, the consequences: The moral decay, the economic decline, the fall in public safety, the multiplying plagues from dysfunctional public services, the hollowed-out military that ultimately invited barbarian invasions. But we know these well - in fact we're living through many of them. What's a lot more interesting is the why. Because that's how you stop it." — Peter St. Onge
Are we living through the Fall of Rome? There are so many parallels with the United States empire today and the Roman Empire of so long ago that its hard to ignore. It's difficult to not think we will see the same fate when we experience so many of the same symptoms, with all of the same underlying causes. But do we have a way out? Is there an alternative? Peter breaks it down for us in another great piece, don't miss it.
Check out the original article and Peter's amazing newsletter at: Are we Living the Fall of Rome? - Peter St Onge, Ph.D.
Check out the other great episodes and resources discussed in the commentary:
Check out our amazing sponsors below!
"If the merchant wants the bitcoin and you pay in fiat_, that is you shifting the burden of fiat friction on to them. And paying your valued vendors in bitcoin is the opposite of mutually assured destruction–it's mutually assured survival." — Parker Lewis
Ultimately, the decision to accept Bitcoin as payment will be driven by the fact that those merchants understand the value of Bitcoin and why it is expected to store value into the future. What does that mean for how we think about finding our way to a Bitcoin future? Parker Lewis is back with another great piece, on the "Pay Me In Bitcoin Theory."
Check out the original article at: Pay Me in Bitcoin Theory
The playlist to the entire Gradually, Then Suddenly series in audio: Gradually, Then Suddenly Series - playlist by Guy | Spotify
Another great piece suggested in the commentary: Read\_724 - The Virtue of Selfishness - The Objectivist Ethic [Ayn Rand] - Bitcoin Audible | Podcast on Spotify.
Check out our awesome sponsors at the links below:
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"If you want to change the world, start with yourself." — Mahatma Ghandi
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message
"Take the idea of proof-of-stake as a base layer consensus mechanism, and throw the idea away for right now. That's not what this is, and the problems that need to be solved to enable proof-of-stake as a second layer system instead of a stand alone base layer are not the same. #Proof-of-stake is essentially a #federation, but where anyone can join and can't be stopped from doing so, and with a mechanism to punish members for acting malicious. As a base layer that creates all kinds of existential issues, like the objectivity of a slashing penalty. Proof-of-stake as a second layer does not have that problem when the bonds for slashing are on the main chain, governed by proof-of-work."
We have a new addition to the sidechain discussion with the announcement of "Spiderchains," a novel approach to the peg in/out model. Enalbing a proof of stake system that uses the underlying Bitcoin chain as the ultimate source of time and finality. The interesting thing? Not a single change to Bitcoin is necessary to make it work, so one way or the other, it's going to happen. Find out more...
Check out the original article at: Spiderchains, a Proof of Stake L2
Lopp's Spiderchain Article: An Introduction to Spiderchain
Bitcoin Audible: Read 562 - Only the Strong Survive - Part 1 [Allen Farrington & Big Al]
You can support the show by checking out our sponsors!
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"If the doors of perception were cleansed, everything would appear to man as it is - infinite." — William Blake
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message"This has been one of the most effective psychological operations that has ever been conducted on the public in human history. The high priests of central banking started running with this narrative and people have come to believe that it is a law of physics. Economies cannot operate efficiently unless there is a steady flow of new monetary units being created and introduced to the economy. If new monetary units aren't being created people will hoard their money and grind the economy to a halt." — Marty Bent
Today we take another angle of attack against the absurd notion that savers are the ones grifting from society, while the counterfeiters are doing a noble service to save us from the evil, ordinary citizens who have earned money and hope to keep it.
Check out the original article and sub to Marty's Bent at: Higher Savings Rates Are Good for the Economy
Mentioned in the take, you can find the new video Guy's Take series on Youtube or Rumble and by following me on Nostr and Twitter.
A huge thanks to our sponsors, and don't forget to check out the offers for the listeners of this show!
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"I favor the policy of economy, not because I wish to save money, but because I wish to save people. The men and women of this country who toil are the ones who bear the cost of the Government. Every dollar that we carelessly waste means that their life will be so much the more meager. Every dollar that we save means that their life will be so much the more abundant. Economy is idealism in its most practical form." — Calvin Coolidge
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/messageToday we sit down with Utxo, founder of Nodeless, on understanding the design space for Bitcoin services, the challenges of making Bitcoin accessible and streamlined for everyone, and a vision of how the future may unfold. Don't forget to check out Nodeless.io/guy and if you setup your donation page, post it on social, and tag me, I'll be your first 10,000 sat donation! And don't forget to check out our incredible sponsors and their offers for the audience! • The easy, KYC free integration for Bitcoin and Lightning into everything online with https://nodeless.io/guy • 100k FREE sats by simply signing up with my link below: https://bitcoinaudible.com/Fold • And you can get 9% your bitcoin hardware wallet to keep your BTC savings secure with code BITCOINAUDIBLE if you go to: https://bitcoinaudible.com/coldcard
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"There are no solutions. There are only trade offs." — Thomas Sowell
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message"It means that, given an open-source model, this could help bring about the ability to:
— Daniel Hinton & Steve Jeffress
What if we could know, within a 1% precision, what the price of Bitcoin is, by only using your full node, and no other source of data? How useful could that be in protecting you from false data streams, or for building applications and decentralized marketplaces that could hedge and settle capital in BTC, according to its USD value? If you've been excited about potential solutions to the decentralized market problem, UTXOracle is not one to dismiss.
Check out the original article at: The UTXOracle Model
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“No great discovery was ever made without a bold guess.” ― Isaac Newton
A deflationary money is going to destroy the economy! If the value of money keeps going up, then no one will ever spend it! If no one spends it, then the economy will fall into a depression and it will never escape... at least, this is what we are told.
How is it that a sound money system with no special privilege and with no printing machine has been equated with the collapse of the economy? How is it that stuff getting more affordable, has been equated with nobody ever buying anything? How have we been led to believe, that someone else's monopoly privilege to print OUR money, is the SOURCE of our wealth and prosperity?
What if, and hear me out, deflationary money is a boon to the economy, is a huge boost to economic activity, and that a sound money doesn't even go up in value, unless real growth is actually occurring? And what if we could frame this in such a way that it is completely self-evident and sitting right in front of us all the time?
It's time for a Guy's Take episode, the second in the FUD relief series, "But Deflation is Bad…”
Links mentioned in the show:
A huge thanks to our sponsors! Do not forget to check out the offers for the listeners of this show!
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“I would rather be exposed to the inconveniences attending too much liberty than to those attending too small a degree of it.” ― Thomas Jefferson
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message"Everything about the concept of a social network and the incredible potential and beauty of #nostr as a protocol is in controlling your experience, what content you see, and how you see it. This is literally the entire point of having follows, followers, and reposts in the first place. It's at the core of the very notion of what social media is."
— Guy Swann
Should we be running from the dreaded "algorithms" of social media giants, or should we be thinking about them differently? A short article exploring a big opportunity in decentralized social protocols. Subscribe so you don't miss the FUD Series Guy's Take coming up soon.
Check out the original article at: Habla
A huge thanks to our sponsors, and don't forget to check out the offers for the listeners of this show!
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'“Be yourself; everyone else is already taken.”
― Oscar Wilde
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message"When discussing consensus mechanisms for different cryptocurrencies, one issue that often causes arguments is a lack of understanding (and definition) of the security model that they provide for the historical data in the ledger." — Jameson Lopp
Today we have another blast from the past with a deep dive into Bitcoin's security model from Jameson Lopp. The most fascinating thing about this piece is that if understood properly, it gives understanding into why many of the following years in Bitcoin played out the way they did. If you want to truly understand Bitcoin, this needs to be part of your reading list.
Check out the original article at: Bitcoin’s Security Model: A Deep Dive
Links:
Anatomy of Proof of Work [Part 1 - Hugo Nguyen]
A huge thanks to our sponsors, and don't forget to check out the offers for the listeners of this show!
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“I don’t know anything, but I do know that everything is interesting if you go into it deeply enough.” – Richard Feynman
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message"I believe it’s important to go back to what this sovereignty is made of. Bitcoin works because an economic majority is aligning incentives for every constituent of the network. The longer tail of the economic distribution may choose to run a node and validate consensus but ultimately consensus follows the money."
— Alex B.
Today we close out the lengthy back and forth over the evolutionary path of Bitcoin to a billion + users. Alex B brings us a great followup with a less technical and more abstract understanding of the security model of Bitcoin itself and collaborative custody, through the lens of the economic majority enforcing the honesty of all players. Don't miss another great read.
Check out the original article at : A sound Bitcoin financial system. A sound Bitcoin financial system | by Alex B. | Aug, 2023 | Medium
Links to the other articles in this series and those mentioned in the Guy's Take:
Read_760 - Drivechain's Place in Bitcoin's Future - Bitcoin Audible | Podcast on Spotify
Read_758 - Scaling and Consensus Changes [James O'Beirne] - Bitcoin Audible | Podcast on Spotify]
Read_757 - Putting the B in BTC [Anthony Towns] - Bitcoin Audible | Podcast on Spotify
Read_755 - Drivechains - Bitcoin Audible | Podcast on Spotify
Chat_80 - Building the Ark with Burak - Bitcoin Audible | Podcast on Spotify
A huge thanks to our sponsors, and don't forget to check out the offers for the listeners of this show!
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“Man cannot discover new oceans unless he has the courage to lose sight of the shore.”
― Andre Gide
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message"To not die, Bitcoin must become more used. The current thesis accepted by most “maximalists” is that Bitcoin will continue to be thought of as an investment and its price will keep increasing, the price movements will bring more attention to it in a virtuous cycle. Eventually enough people will want to hold it so they will start accepting it as a payment for goods and services and then it can start to be used as money."
Today we dive into Fiatjaf's contribution to the sidechains, drivechains and scaling bitcoin to billions series as a follow up to James Obeirne's piece. Bitcoin can still fail, but what would make bitcoin fail and how can we avoid it? Is there a solution we've been sitting on untapped? Could drivechains prevent the undesirable future where the whole world simply ends up trusting custodians? Let's explore in today's episode.
Check out the original article at:
The place of Drivechain in Bitcoin’s future – Fiatjaf
If you haven't been following this article series, then don't forget to check out last few reads for context at the links below:
James OB - Anthony towns - Blockstream - Drivechains
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"One of the sad signs of our times is that we have demonized those who produce, subsidized those who refuse to produce, and canonized those who complain." — Thomas Sowell
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message"Often overlooked is the importance of interoperability between not only the second-layer protocol and Bitcoin but the layer-2 protocols themselves. A second layer, where end-users can leverage several protocols together and move seamlessly between them, creates a healthier, more resilient financial system and an overall better user experience—both essential for mass adoption."— Chase Smith
Today we shift back to the current layer 2 protocols to take note of the tools and ideas around making the entire ecosystem interoperable. How do we make Fedimint, Liquid, Lightning, and Bitcoin on chain all work seamlessly to give the user the greatest benefits of each without needing the complications
Check out the original article at : Blockstream - Increasing Interoperability Between Bitcoin’s Second-Layer Protocols
Follow Guy and Chase on Nostr.
Find out about the Breez SDK and Making Every App a Lightning App in preparation of our chat with Roy:
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“The worthwhile problems are the ones you can really solve or help solve, the ones you can really contribute something to. No problem is too small or too trivial if we can really do something about it.” – Richard Feynman
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message"When reading a draft of this post, my wife got kind of depressed right around here. Her macabre question, basically, is: “if everyone just winds up interacting with sidechains, and not Real Bitcoin, hasn’t the whole thing failed? At every point you’re dealing with some token that isn’t really bitcoin."
Continuing the thread of discussions in a series of articles on sidechains and trying to frame our thinking for a Bitcoin future where billions can take advantage of its sovereignty, inflation resistance, and security, we dive into James O'Beirne's follow up to Anthony town's article in read 757. If we are all stuck in sidechains and semi-custodial systems, then did we actually fix anything, or was the whole idea a failure from the start?
Check out the original article at : Thoughts on scaling and consensus changes (2023) - Protocol Design - Delving Bitcoin
If you missed the previous episode, it lays important context for today's read: Read 757
Don't forget to check out our amazing sponsors!
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"The chief evil is unlimited government…nobody is qualified to wield unlimited power.” — F.A. Hayek
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message"The headroom there isn’t unlimited — expect it to show up as fee pressure and backlogs and less ability to quickly resolve transaction storms. And that will in turn make it hard and expensive for people with small stacks to continue to do self-custody on the main chain. At that point, acquiring new high value users means pricing out existing low value users." — Anthony Towns
It's officially Sidechain Week! Because today Anthony Towns takes us through an thought experiment that sets our current best understanding of the scaling problem and the best technological path we have to solve it, as a foundation to see what a Bitcoin future with billions of users really looks like, and what we should expect in the transition to that future. A great piece that will be very useful for our continued discussion of the tools we have to conquer this problem.
Check out the original article at : Putting the B in BTC
Links:
- Anthony Towns Twitter
- Want to get a head start on a coming read? Thoughts on scaling and consensus changes (2023) - Protocol Design - Delving Bitcoin
- Towns' piece on what the key values of Bitcoin are: Inamerrata » Blog Archive » Zeitgeist.
A huge thanks to our sponsors, and don't forget to check out the offers for the listeners of this show!
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"Don’t underestimate the power of vision and direction. These are irresistible forces, able to transform what might appear to be unconquerable obstacles into traversable pathways and expanding opportunities. Strengthen the individual. Start with yourself. Take care with yourself. Define who you are. Refine your personality. Choose your destination and articulate your Being. As the great nineteenth-century German philosopher Friedrich Nietzsche so brilliantly noted, “He whose life has a why can bear almost any how."
— Jordan B. Peterson
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message"While bitcoin is still mainly seen as digital currency, it’s essentially a timestamped log with special properties. As such, it can be utilised for far more things than payments and store of value. I presented some of the alternative uses several years ago and the list continues to grow.
Brian Deery, chief scientist at Factom, wrote an excellent history of time-stamping, in which he argues that a secure timestamped record wasn’t feasible before the existence of secure digital value."
Today we dive into another great piece from Jameson Lopp that takes us back to 2016 on understanding the value of Bitcoin's creation of its own sense of time, how it accomplishes it, and why its the most secure blockchain.
Check out the original article at : Bitcoin: The Trust Anchor in a Sea of Blockchains
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"We can only see a short distance ahead, but we can see plenty there that needs to be done." — Alan Turing
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/messageWith so many common misconceptions about money, how can we possibly make sense of Bitcoin for customers who have spent their entire lives using only a single product, and know almost nothing about it? Without even a means to compare one "product" to another, where do we start? Most only understand money from the context of its network utility - ie. How many places can I spend it at - and have no foundational to make a judgement of its *quality,* which must come before its network adoption.
We have quite the uphill battle, but we can address the most common mental blocks by reframing the way to look at it. Today we begin our "FUD Busting" Guy's Take series #69 - "But It's Just Digital Points..."
-Subscribe to the Youtube channel and my other work on Ai Unchained at the link below:
Don't forget to follow me on Nostr, and please provide any comments or feedback for the show. It's highly appreciated!
A huge thanks to our sponsors! Do not forget to check out the offers for the listeners of this show!
• Code BITCOINAUDIBLE gets 9% off the ColdCard! https://bitcoinaudible.com/coldcard
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"A man will be imprisoned in a room with a door that's unlocked and opens inwards; as long as it does not occur to him to pull rather than push." — Ludwig Wittgenstein
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message"A successful blind merge mined sidechain with significant MEV opportunities could offer Bitcoin significant benefits, which could more than offset the disadvantages." - "Blind merge mining works by a third party running the sidechain, building sidechain blocks and receiving the sidechain fees. This entity then creates a Bitcoin transaction, which passes on these fees to the Bitcoin miners in the form of Bitcoin transaction fees."
A trustless, high assurance means of moving Bitcoin into, and out of a side-chain, is essentially the holy grail of Bitcoin scaling. It would change the game and potentially be the last piece of the puzzle for a global, interoperable Bitcoin ecosystem where the entire world could truly and completely "hold their own keys." Are Drivechains the best solution, or is it lacking? The always thorough, Bitmex Research covers a great piece on the ins and outs of Paul Sztorc's Drivechain proposal which he has unrelentingly supported for nearly a decade now. Find out in today's show!
Check out the original article from Bitmex research: Drivechains
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"Visions are worth fighting for. Why spend your life making someone else's dreams?" — Tim Burton
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/messageWe have an incredible chat today with Pablof7z who is on a mission to make Nostr the global, decentralized marketplace. With highlighter for integrated, universal note taking, data vending machines for micro tasks and shared computing, and using Ai to bring new services and coordination to the ecosystem. Pablof7z dedicates all of his time to building the future. Don't miss our chat in diving down the rabbit hole with him. Links for the many things discussed in the show: • An open system for note taking & sharing - https://highlighter.com/ • Obsidian for organizing them - https://obsidian.md/ • IFTTT for nostr publishing - https://ananostr.com/ • Links to his numerous other projects here - https://pablof7z.com/ Follow Pablo on Nostr - gotnostr.com/pablo Follow Guy on Nostr - npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev And don't forget to check out our incredible sponsors and their offers for the audience! • The easy, KYC free integration for Bitcoin and Lightning into everything online with https://nodeless.io/guy • 100k FREE sats by simply signing up with my link below: https://bitcoinaudible.com/Fold • And you can get 9% your bitcoin hardware wallet to keep your BTC savings secure with code BITCOINAUDIBLE if you go to: https://bitcoinaudible.com/coldcard
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"If you hire people just because they can do a job, they’ll work for your money. But if you hire people who believe what you believe, they’ll work for you with blood and sweat and tears." — Simon Sinek
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message"Talk to a bitcoin maximalist – someone who believes that bitcoin is the only digital asset with innate value – and, more likely than not, they’ll tell you the world’s oldest cryptocurrency is, in fact, ‘not crypto’ at all.
The refrain can be confusing: clearly, bitcoin pioneered the use of cryptography – an ultra-secure type of encryption – with the aim of creating a digital currency. Bitcoin is the archetypal crypto.
And yet, in the context of how the digital asset marketplace has evolved since 2009, when bitcoin was created, it’s easy to see why maximalists distance themselves from the more generic term" — Martin Leo Rivers
Today we cover some interesting developments from the regulatory landscape. The SEC has officially made statements suggesting that everything in crypto except Bitcoin, is in fact, a security. What does that mean for the space in general, and why is this refrain so common among bitcoiners? Find out in today's read and Guy's take.
Check out the original article: Bitcoin Is Not Crypto, The SEC Confirms
A huge thanks to our sponsors, and don't forget to check out the offers for the listeners of this show!
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"Life without liberty is like a body without spirit." — Kahlil Gibran
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message"Bitcoin is often referred to as a secure timestamping service. We never had a global record of truth with trustworthy timestamps, so how did this come about? It’s generally due to Proof of Work being combined to a few simple rules by which miners must abide." — Jameson Lopp
Can Bitcoin's sense of time be broken? The security and probabilistic assurances of Bitcoin seem simple on their face, but when you dive a little deeper, there is so often tons of nuance and quiet brilliance to unpack around even a seemingly simple element, like recording what time the block was produced. Jameson Lopp brings us another excellent deep dive into the nature of Bitcoin as a secure timestamp server. What it means, how reliable it truly is, and what it looks like when it breaks.
Check out the original article: Bitcoin Timestamp Security
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“When you want to know how things really work, study them when they're coming apart.” ― William Gibson
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message"Bitcoin represents the explicit encoding of previously implicit values of the tech community. It's not just software — it is a Schelling point and a symbol. As such, it will become widely recognized as the flag of technology over the course of the 2020s." — Balaji S. Srinivasan
Today we cover another read from Anil's Bitcoin Essentials list, this time from Balaji Srinivasan. Balaji has a way with words and always brings a unique, high level mental frame to how the world is unfolding. He seems to have a gift of talking about the current state of the world, as if he is seeing it through the lens of history. With that perspective, he examines the aggressive technological shifts and the Bitcoin system to parse out the values of each, and explain, in his words, why he believes Bitcoin will become the flag for the technological revolution.
Check out the original article: Bitcoin becomes the Flag of Technology
Links:
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--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message"Some networks are “smart.” They offer sophisticated services that can be delivered to very simple end-user devices on the “edge” of the network. Other networks are “dumb” — they offer only a very basic service and require that the end-user devices are intelligent. What’s smart about dumb networks is that they push innovation to the edge, giving end-users control over the pace and direction of innovation. Simplicity at the center allows for complexity at the edge, which fosters the vast decentralization of services.
Surprisingly, then, “dumb” networks are the smart choice for innovation and freedom." — Andreas Antonopolous
Today we read another "Bitcoin classic" that deserves a place on the Bitcoin Audible catalog. Back from 2015, Andreas writes an incredible piece, still fundamental to understanding Bitcoin and the nature of decentralization to this day, why "dumb" networks are better. What does he mean by this, and why would a dumb network foster innovation, where a smart network stifles it? Don't miss this essential piece of Bitcoin history.
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“Liberty is not merely one particular value…it is the source and condition of most moral values. What a free society offers to the individual is much more than what he would be able to do if only he were free.” — F.A. Hayek
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message"The obsession with consumer payments in the Bitcoin community is an unfortunate relic of the fiat money era. Generations that have only known monetary hot potatoes that need to be spent before they devalue have come to view life as a quest of mass consumption." — Saifedean Ammous
Today we hit an historical piece from the one and only Saifedean on the economics of Bitcoin for global settlement. While so many fail to recognize the deeper value of money, rather than the shallow service of payments, Saif breaks down the fundamental value of Bitcoin's incredible settlement assurances, and the economics that will dominate the system's use in the future. A classic from the Nakamoto Institute.
PS. Yes, I know I skipped a number so we are fixing that today. XD
Heck out the original article plus the incredible list of phenomenal knowledge available at the Nakamoto Institute: https://nakamotoinstitute.org/mempool/economics-of-bitcoin-as-a-settlement-network/?ref=teachingbtc.com
Anil's reads list: Essential Bitcoin Essays: A Reading ListA huge thanks to our sponsors, and don't forget to check out the offers for the listeners of this show!
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"Nowadays people know the price of everything and the value of nothing." — Oscar Wilde
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message"To do our best to minimize the economics jargon once again, we might simply ask: what are you going to do with your time? Are you going to create or consume? And how do the characteristics of money, as the salable representation of that time, influence your decision? I sincerely believe that this is the killer app for Bitcoin: pricing capital. If there were ever a time to say that Bitcoin Fixes This, here it is." — Allen Farrington
On the announcement of AxiomBTC, Allen Farrington writes an incredible introductory paper on the concept behind their project and what the true purpose and power of Bitcoin really is. This is how we take Bitcoin into the future, this is how we let Bitcoin allocate resources to fix the problems of our fiat world. And don't miss the intense Guy's Rant that Allen's work always seems to inspire...
Check out the original article at: Capital in the 21st Century — Axiom
A huge thanks to our sponsors, and don't forget to check out the offers for the listeners of this show!
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"Growth for the sake of growth is the ideology of the cancer cell."
— Edward Abbey
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message"While many of the innovations in the space are new, they’re built on decades of work that led to this point. By tracing this history, we can understand the motivations behind the movement that spawned bitcoin and share its vision for the future."
Context matters. If you don't know the history of the cypherpunks and where we are coming from. Then you may not really know where we are today. Listen to Lopp's amazing piece from 2016, Bitcoin & the Rise of the Cypherpunks.
Check out the original article at: Bitcoin and the Rise of the Cypherpunks
A huge thanks to our sponsors, and don't forget to check out the offers for the listeners of this show!
• Code BITCOINAUDIBLE gets 9% off the ColdCard! https://bitcoinaudible.com/coldcard
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“All political theories assume…that most individuals are very ignorant. Those who plead for liberty differ…in that they include among the ignorant themselves as well as the wisest.” — F.A. Hayek
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message"Since 1800, in 51 out of 52 cases where a country’s debt-to-GDP ratio reached 130%, the country eventually defaulted. The only exception is current Japan, who is frankly in the final stages of circling the drain (e.g., central bank asset purchases and yield curve control).
Where is the US now? 129% debt-to-GDP." — Jesse Myers
Don't miss this excellent breakdown and visual analogy for the state of government debt and the promises of the US Treasury and the impossibility of a stable or growing value of the dollar in the future. The debt will be paid, in nominal terms, but the ability to hide the value loss in inflation overseas, is not holding up. Then add to this the BRICS nations establishing an eastern block of economic and monetary power... and you have a recipe for fire. Hope you aren't invested in wood...
Check out the article and the many other great links mentioned in the show:
The Bondholder's Burning Platform - by Jesse Myers:
https://www.onceinaspecies.com/p/the-bondholders-burning-platform
The Capital Strip Mine:
https://open.spotify.com/episode/6ifbWDnYHRGxrhd1NPv4BS?si=4da8844065a74db1
Read_587 - Bitcoin & The American West:
https://open.spotify.com/episode/0yEVCnBkTHT4IL01hEwTGe?si=c131120a77d34283
Read_512 - Why The Yuppie Elite Dismiss Bitcoin:
https://open.spotify.com/episode/0opbypclyNDF1GtwiL6Nbo?si=7d426c81415a43b8
A huge thanks to our sponsors, and don't forget to check out the offers for the listeners of this show!
• Code BITCOINAUDIBLE gets 9% off the ColdCard! https://bitcoinaudible.com/coldcard
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• Buy Bitcoin at https://swanbitcoin.com/guy
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"All that is gold does not glitter, Not all those who wander are lost." — J.R.R. Tolkien
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/messageAi agents are going to be able to seek out, delegate, and pay for micro services from an ecosystem of other agents & services. But the resources being share will be delivered instantly, and irreversibly in the form of compute cycles. Only an instant, bearer, and irreversible payment method that scales massively will be able to meet the demands and provide a backbone for the economy of Ai exchange. In this Guy's Take episode, I argue why I think Lightning is going to eat ALL of this ecosystem, and why fiat is incompatible. This is Guy's Take #68 - Lightning & the Ai Economy...
Definitely don't miss the conversation that got me headed down this rabbit hole on Ai Unchained: https://youtu.be/hI19IaODZPA
Bobby's thread with further links to explore on Twitter:
https://twitter.com/iBobbyShell/status/1671485924218228737?s=20
More resources to explore on this topic:
https://lightning.engineering/posts/2023-07-05-l402-langchain/
A huge thanks to our sponsors, and don't forget to check out the offers for the listeners of this show!
• Code BITCOINAUDIBLE gets 9% off the ColdCard! https://bitcoinaudible.com/coldcard
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• Buy Bitcoin at https://swanbitcoin.com/guy
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"Today Americans celebrate 246 years of independence from the British Empire. On this day in 1776 the Founding Fathers made a declaration. It was a bold and risky action. Never before had a colonial state defeated its overlord, especially at the apex of its global power." — Alex Gladstein
For Independence Day and for all those travelers out there I'm bringing back an absolutely amazing piece by the one and only Alex Gladstein. If you haven't heard it, then you are welcome for bringing it back. If you have heard it already... then you are welcome for bringing it back
Link to the original where you'll also find Gladstein's other great works:
https://bitcoinmagazine.com/culture/bitcoin-and-the-american-idea
HAPPY 4TH!
A huge thanks to our sponsors, and don't forget to check out the offers for the listeners of this show!
• Code BITCOINAUDIBLE gets 9% off the ColdCard! https://bitcoinaudible.com/coldcard
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“The price of freedom is eternal vigilance." — Thomas Jefferson
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message"Your barber or stylist likely has the broadest network of anyone you know. People from every walk of life, including business owners, accountants, teachers, firefighters and politicians, sit in their chairs, sometimes for hours. It is likely that no one else in your sphere of influence has the amount of time and trust to help others learn about and understand Bitcoin." — Hector Alvero
We dive into a great, succinct Bitcoin Magazine article today on a surprisingly ripe, yet untapped resource for orange pilling. By focusing on the cultural mavens, those with the broadest networks and a unique environment for sharing ideas, could there be a shortcut to hyperbitcoinization? Hector makes a decent case that there might jsut be...
• Code BITCOINAUDIBLE gets 9% off the ColdCard! https://bitcoinaudible.com/coldcard
• 100,000 FREE SATS until the end of June for simply trying -- no subscription, no obligation -- the Fold debit card at https://bitcoinaudible.com/fold
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“That is the paradox of the epidemic: that in order to create one contagious movement, you often have to create many small movements first.” ― Malcolm Gladwell
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/messageWe recently had Aleks Svetski back on at Ai Unchained to discuss the project we hinted at in episode 2 that he made public at BTCPrague. The Spirit of Satoshi. A bitcoin centered, custom built LLM intended to encompass the bias, and the perspective of Bitcoin, cypherpunk, Austrian economic point of view. And why this explicit bias is actually a massive feature of Ai that the establishment has misunderstood. Don't miss it.
Don't forget to check out the launch page: https://spiritofsatoshi.ai/ And you can get 9% your bitcoin hardware wallet to keep your BTC savings secure with code BITCOINAUDIBLE if you go to: https://coldcard.com
And don't forget to check out Ai Unchained if you haven't. There will be much more content available on the youtube channel with tutorials and breakdowns of various tools I make use of in the future. Subscribe and stay tuned: https://www.youtube.com/channel/UClG-wqz-OuXfzbpqwJd3fVA
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message"Neither a startup nor a bank will ever be able to cost-effectively compete on a global scale with the Lightning Network." — Graham Krizek
Today we hit a really interesting piece from the founder and CEO of Voltage digging into the recent decades development of every tech company moving to in-house financial instruments and cards. What the problems are that they have sought to get around, why they still get stuck with a plethora of other banking intermediaries, and why lightning not only offers very unique solutions, but also benefits that the fiat alternative can't fundamentally do. Lightning feels like its positioned for another exciting period of growth. Don't miss this short read from Krizek followed by a Guy's Take on why every company, will be a lightning company.
Link to the article on Medium, Every Company Will Be A Lightning Company | by Graham Krizek: https://medium.com/@graham_krizek/every-company-will-be-a-lightning-company-806576920064
Guy's Nostr Pubkey: npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev
• Code BITCOINAUDIBLE gets 9% off the ColdCard! https://bitcoinaudible.com/coldcard
• 100,000 FREE SATS until the end of June for simply trying -- no subscription, no obligation -- the Fold debit card at https://bitcoinaudible.com/fold
• Buy Bitcoin at https://swanbitcoin.com/guy
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"Rather than love, than money, than fame, give me truth." — Henry David Thoreau
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message"Investing in bitcoin, we believe, is like having the ability to buy shares of a general “Internet ETF” back in the early 1990s, or like being able to buy undeveloped land on Manhattan Island at the start of the Industrial Revolution—it’s the opportunity of a lifetime." — Adamant Research
Today we finish yesterday's incredible report on how to think about the market opportunities, risk, and incredible potential rewards as we move forward and how best to secure and protect an investment in the ecosystem. All this and tons more in a lengthy Guy's Take to follow, lol. Don't miss it.
Check out the original report for more details, quotes, and further analysis from its author's at the link below:
https://unchained.com/how-to-position-bitcoin-boom
Guy's Nostr Pubkey: npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev
• Code BITCOINAUDIBLE gets 9% off the ColdCard! https://bitcoinaudible.com/coldcard
• 100,000 FREE SATS until the end of June for simply trying -- no subscription, no obligation -- the Fold debit card at https://bitcoinaudible.com/fold
https://swanbitcoin.com/guy
-------------------------------
"A complex system that works is invariably found to have evolved from a simple system that worked. The inverse proposition also appears to be true: A complex system designed from scratch never works and cannot be made to work. You have to start over, beginning with a working simple system." — John Gall, Systemantics
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message"bitcoin is a protocol stack which we can expect to be expanding for many decades, and its foundation is that lean, simple database defended by the world’s strongest firewall; the bitcoin blockchain. In sum, we recommend to not worry about “diversification” in cryptocurrencies and to focus exclusively on bitcoin. It’s the right tool for the job, so pick it up and add it to your toolbox." — Adamant Research
Today we dive into the amazing report from Adamant Research who have marked the key zones in the bear market of Bitcoin for the better part of a decade. Every time they have grounded, thorough analysis of the state of the market, the on-chain data that supports the longer term position in the cycle, and where the most compelling market position Bitcoin is likely to take moving forward.
Check out the original report with tons of graphics and extra details to explore, plus the amazing library of posts and data available from Adamant and Unchained: https://unchained.com/how-to-position-bitcoin-boom
Guy's Nostr Pubkey: npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev
• Code BITCOINAUDIBLE gets 9% off the ColdCard! https://bitcoinaudible.com/coldcard
• 100,000 FREE SATS until the end of June for simply trying -- no subscription, no obligation -- the Fold debit card at https://bitcoinaudible.com/fold
https://swanbitcoin.com/guy
-------------------------------
“I learned very early the difference between knowing the name of something and knowing something.” – Richard P. Feynman
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message"...At some point the entire financial system becomes a wholly owned subsidiary of the Federal Reserve" — Peter St. Onge
Today we dive into the fiat and banking crisis with Austrian economist Peter St. Onge in exploring the insolvencies of our banking and political institutions, how we got here, and where things are likely heading. What courses of action are available for the US government and the Fed and what can we take away from the historical examples of countries taking this same path to apply to our own? @ProfStOnge brings valuable perspective and insight to making sense of the fall of the US monetary system.
Follow him on Twitter for tons of great writing and regular breakdowns of the financial and monetary policy decisions: https://twitter.com/profstonge
Guy's Nostr Pubkey: npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev
• Code BITCOINAUDIBLE gets 9% off the ColdCard! https://bitcoinaudible.com/coldcard
• 100,000 FREE SATS until the end of June for simply trying -- no subscription, no obligation -- the Fold debit card at https://bitcoinaudible.com/fold
https://swanbitcoin.com/guy
-------------------------------
"I can't change the wind. But I can change the direction of my sail so that I always reach my destination." — Jimmy Dean
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message"Expect BlackRock to turn around and shill this to banks, and in particular big banks, such that JPMorgan, for example, can itself turn around and offer “Bitcoin” to its own clients. Of course, it will be an IOU to the BlackRock Stack O’Sats™ that you can transfer to your friend’s Bank Of America Bitcoin IOU account at your leisure. In other words, in short order, the entirety of the Blue Banks’ asset base becomes a funnel into the matrix of the pseudo-Bitcoin narrative attack vector... on the back of all the previous points, expect BlackRock and Coinbase to dominate flows and hence effectively control pricing." — Allen Farrington
Today we dive into the BlackRock "ETF", what it actually is, what it isn't, and what it means for Bitcoin. It isn't all NgU and sunshine and rainbows.
Check out the article and Allen's other writing at the link: https://allenfarrington.medium.com/trust-me-bro-fb5a25964634
Allen's Nostr Pubkey: npub1sfhflz2msx45rfzjyf5tyj0x35pv4qtq3hh4v2jf8nhrtl79cavsl2ymqt
Guy's Nostr Pubkey: npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev
• Code BITCOINAUDIBLE gets 9% off the ColdCard! https://bitcoinaudible.com/coldcard
• 100,000 FREE SATS until the end of June for signing up and simply trying -- no subscription, no obligation -- just trying the Fold debit card. Check it out at https://bitcoinaudible.com/fold
• https://swanbitcoin.com/guy
-------------------------------
“Once wide coercive powers are given to government agencies…such powers cannot be effectively controlled.” — F.A. Hayek
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message"The more wonderful something is, the more passion it will arouse. Bitcoin is among the greatest wonders of the late-modern world, so Greg Foss is understandably very passionate about it. So passionate in fact, that he dropped 11 f-bombs in 31 seconds. Why is such a stalwart bitcoin proponent so concerned? Because two guys in cheap wizard costumes did a cringey Fortnite dance? Surely the stakes must be higher. According to some, there is a battle underway for the future and soul of Bitcoin." — Roy Sheinfeld
Check out the original article at:
Don't forget that Code BITCOINAUDIBLE gets 9% off the ColdCard! https://bitcoinaudible.com/coldcard
• Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. Lets be 50k Sat buddies by signing up! at https://bitcoinaudible.com/fold
• Buy bitcoin at https://swanbitcoin.com/guy
-------------------------------
"It is unwise to be too sure of one's own wisdom. It is healthy to be reminded that the strongest might weaken and the wisest might err."
— Mahatma Gandhi
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message"What is Bitcoin? Many have attempted to answer this question, but I believe that our quest to do so is doomed to continue in perpetuity. The continuing development of the protocol is where the cutting edge of research into what Bitcoin is and discussion about what it should strive to be actually occurs.
It can be tricky for newcomers to wrap their head around what sort of proposals are more likely to be accepted for Bitcoin because there are plenty of unwritten rules regarding protocol changes. Some of these rules are more on the philosophical side, some are more on the engineering and security side, and some are a blend of the two." — Jameson Lopp
We've done numerous reads on this show trying to break down the principles and characteristics of Bitcoin, but each often brings something unique and new to the discussion. The discovery of what Bitcoin is simply doesn't have a concrete answer or final solution, its a process of observing it and the endless elements that create it. We have a great piece by Lopp today that tries to shed a little more light on that unknowable thing we call Bitcoin.
Check out the original article below plus an incredible catalog of reading material about bitcoin:
https://nakamoto.com/what-are-the-key-properties-of-bitcoin/
Lopp's Pubkey: npub17u5dneh8qjp43ecfxr6u5e9sjamsmxyuekrg2nlxrrk6nj9rsyrqywt4tp
Guy's Nostr Pubkey: npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev
Don't forget that Code BITCOINAUDIBLE gets 9% off the ColdCard! (https://bitcoinaudible.com/coldcard)
• Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. Lets be 50k Sat buddies by signing up! at (https://bitcoinaudible.com/fold)
• The Swan IRA is live! Follow the link to find out how to get your tax free retirement funds, securely allocated to Bitcoin! The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (https://swanbitcoin.com/guy)
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"Look for systems, not heroes" — Hans Rosling
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message"Zapvertising has two forms, and I believe there is a crucial difference between the two. In one version, a company or creator zaps a ton of notes on the Nostr feed. Blockstream has done this for a couple of days at a time, to great success. It is very unobtrusive. Just a gentle reminder that they are there, and it is a way to earn good will that may lead to follows and possibly conversion to sales. This method has already proven itself to be fairly successful, as I think the amount of goodwill towards Blockstream shown in the timeline has shown. There is very little downside to this method..." — The Same Cat
Today we talk about another new entrant into the ideas of monetizing the decentralized web, with Zapvertising. I have limited first hand experience with this but the article caught my eye and I had to explore. Seeing as this is a fresh concept I'm really interested to hear anyone's feedback on my take at the end, and the stance of this article. There's much to explore, so let's get into with an article at telegra.ph, by first time author, "the same cat."
Check out the original article at:
https://telegra.ph/The-State-of-Zapvertising-06-10
TheSameCat Pubkey: npub1wtuh24gpuxjyvnmjwlvxzg8k0elhasagfmmgz0x8vp4ltcy8ples54e7js
Guy's Nostr Pubkey: npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev
Don't forget that Code BITCOINAUDIBLE gets 9% off the ColdCard! (https://bitcoinaudible.com/coldcard)
• Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. Lets be 50k Sat buddies by signing up! at (https://bitcoinaudible.com/fold)
• The Swan IRA is live! Follow the link to find out how to get your tax free retirement funds, securely allocated to Bitcoin! The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (https://swanbitcoin.com/guy)
-------------------------------
“Great minds discuss ideas. Average minds discuss events. Small minds discuss people.”
― Henry Thomas Buckle
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/messageWith the banking crisis just getting started, with the SEC going after Binance and Coinbase, with rumors of Prime Trust declaring bankruptcy, it is no better time than now to take advantage of the most elegant aspect of Bitcoin, that it is a bearer asset that you can own without the permission or liability of anyone else. There is no better time than now, to withdraw. Today's episode will dig into the recent excellent work from Brad Mills, as well as explore the fundamental reasons for our systemic contagion, as well as what we can do to protect ourselves and our families from going down with the ship.
Some of the links and works mentioned in the show that I highly encourage you check out:
The Yield From Money Held - https://open.spotify.com/episode/67dqOHWLX9NRmAs4S0G9XQ?si=03c23b0343a44f2f
The Depression You've Never Heard of - https://open.spotify.com/episode/1IzDtYJdMGZ1R8JO9Rx0EE?si=785f02c791e748e9
Guy's Nostr Pubkey: npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev
Don't forget that Code BITCOINAUDIBLE gets 9% off the ColdCard! (https://bitcoinaudible.com/coldcard)
• Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. Lets be 50k Sat buddies by signing up! at (https://bitcoinaudible.com/fold)
• The Swan IRA is live! Follow the link to find out how to get your tax free retirement funds, securely allocated to Bitcoin! The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (https://swanbitcoin.com/guy)
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"Simple can be harder than complex: You have to work hard to get your thinking clean to make it simple. But it’s worth it in the end because once you get there, you can move mountains." — Steve Jobs
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message"Nostr isn't just a social network, in a similar way that Bitcoin isn't just a transaction network. Both of these things are true, but they each miss the more significant elements of what they accomplish." — Guy Swann
Yesterday I was consumed with a mental thread that I couldn't get out of my head, and so decided to set everything else aside and get this idea out. Today we read my short article posted on blogstack.io, and follow it with a Guy's Take on the possible nuance, where I might be wrong, and where I think there is simple reason to believe that "fixing" the internet is not only possible, but potentially on a near horizon. What if we have everything we need to create the greatest shift in the architecture of the internet that it has seen in it's short lifetime? Allow me to lay out the reasons why I think this, why I have hope that the dream of the cypherpunks is achievable, and why all the tools to accomplish it... may be sitting right in front of us. Don't miss this one, "The Fruit of the Nostr Tree ."
Guy's Nostr Pubkey: npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev
Don't forget that Code BITCOINAUDIBLE gets 9% off the ColdCard! (https://bitcoinaudible.com/coldcard)
• Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. Lets be 50k Sat buddies by signing up! at (https://bitcoinaudible.com/fold)
• The Swan IRA is live! Follow the link to find out how to get your tax free retirement funds, securely allocated to Bitcoin! The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (https://swanbitcoin.com/guy)
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“Because while the truncheon may be used in lieu of conversation, words will always retain their power. Words offer the means to meaning, and for those who will listen, the enunciation of truth. And the truth is, there is something terribly wrong with this country, isn't there? Cruelty and injustice, intolerance and oppression. And where once you had the freedom to object, to think and speak as you saw fit, you now have censors and systems of surveillance coercing your conformity and soliciting your submission. How did this happen? Who's to blame? Well certainly there are those more responsible than others, and they will be held accountable, but again truth be told, if you're looking for the guilty, you need only look into a mirror. I know why you did it. I know you were afraid. Who wouldn't be? War, terror, disease. There were a myriad of problems which conspired to corrupt your reason and rob you of your common sense.”
― Alan Moore, V for Vendetta
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message"Much like how two nuclear bombs ended World War II, capital-crushing central bank policy rate hikes and Russian sanctions were like two nuclear bombs dropped on the economy and the banking system. The shock wave took one year to make its way around the world, and now we're dealing with the fallout.European banks like Deutsche Bank and Credit Suisse were very intertwined with Russia, and tried to resist cutting ties with Russian business lines as this would inevitably lead to their failures, which would spread as contagion to the rest of the global banking system." — Brad Mills
Part 2 today of Brad Mills's excellent breakdown of the state of the banking crisis, the potential risk to the everyday depositor, and the likely paths forward. Will more banks collapse, and will this lead us into hyperinflation, broad default, or will we manage another kicking of the can? How do we, as depositors to these crumbling institutions, protect ourselves from the growing storm? Find out in today's episode...
For the tons of extra data and sources to give the visual comparisons and tell the "story" of all this as it plays out, I highly encourage you to visit the link below to get a sense of what has been happening. Part 2 is coming soon, stay tuned:
https://bitcoinmagazine.com/markets/the-banking-crisis-threatens-your-money
Brad Mills on Nostr: npub1zjx3xe49u3njkyep4hcqxgth37r2ydc6f0d7nyfn72xlpv7n97ss73pvrl
Guy's Nostr Pubkey: npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev
Don't forget that Code BITCOINAUDIBLE gets 9% off the ColdCard! (https://bitcoinaudible.com/coldcard)
• Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. Lets be 50k Sat buddies by signing up! at (https://bitcoinaudible.com/fold)
• The Swan IRA is live! Follow the link to find out how to get your tax free retirement funds, securely allocated to Bitcoin! The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (https://swanbitcoin.com/guy)
-------------------------------
“What are the odds that people will make smart decisions about money if they don't need to make smart decisions--if they can get rich making dumb decisions? The incentives on Wall Street were all wrong; they're still all wrong.”― Michael Lewis, The Big Short
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message"Price inflation is the highest it’s been in decades. Labor participation is the lowest it’s been in decades. Wealth inequality is continually going in the wrong direction since 1971 and has accelerated during the QE period. The bond markets are more volatile now than they have been in decades, and 2022 was the worst year for stocks and bonds since 1920. The ballooning of the money supply and growth of the debt-based monetary system is not a left versus right phenomenon — at least in America — both sides have presided over the destruction of the dollar’s purchasing power and the weakening of the banking system." — Brad Mills
If the entire banking system is insolvent, if the fictional reserve banking means none of our deposits really exist, and we are in the midst of a potentially global banking crisis still unfolding, what does it mean for the money we have in the bank? What does it mean for our access, and for its purchasing power? And of course, what role does Bitcoin play in all of this? Don't miss this incredible breakdown of what is happening to our deposits by Brad Mills. Starting with Part 1...
For the tons of extra data and sources to give the visual comparisons and tell the "story" of all this as it plays out, I highly encourage you to visit the link below to get a sense of what has been happening. Part 2 is coming soon, stay tuned:
https://bitcoinmagazine.com/markets/the-banking-crisis-threatens-your-money
Brad Mills on Nostr: npub1zjx3xe49u3njkyep4hcqxgth37r2ydc6f0d7nyfn72xlpv7n97ss73pvrl
Guy's Nostr Pubkey: npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev
Don't forget that Code BITCOINAUDIBLE gets 9% off the ColdCard! (https://bitcoinaudible.com/coldcard)
• Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. Lets be 50k Sat buddies by signing up! at (https://bitcoinaudible.com/fold)
• The Swan IRA is live! Follow the link to find out how to get your tax free retirement funds, securely allocated to Bitcoin! The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (https://swanbitcoin.com/guy)
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"When the whole world is running towards a cliff, he who is running in the opposite direction appears to have lost his mind." — C.S. Lewis
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message"The idea of a language user interface as the next step from the thumb tapping we’ve become used to over the past decade is fascinating, and what we should be thinking about is how to make these tools new “bicycles for the mind,” as Steve Jobs said about computers. It’s very important we push back against doomer narratives that lean the world toward “approved Ai” in order to avoid such tools becoming yet another appendage of the state." — Aleks Svetski
What are the true power and limitations of AI in a world where it can amplify madness or be a tool for liberation? Will we have to choose between passively accepting woke madness or actively escaping to awakened sanity? Today we read a great piece by Aleks Svetski on what happens when Bitcoin meets AI...
Find the original and tons of other great work at his substack, Authentic Intelligence
Don't forget to check out the second episode of Ai Unchained for a deeper discussion on these ideas with tons more to come, and to understand the promise of self-hosted, sovereign Ai tools:
https://open.spotify.com/episode/479OhNJQHCUytf1WsdEKE0?si=a9ad55d0169946c2
Guy's Nostr Pubkey: npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev
Don't forget that Code BITCOINAUDIBLE gets 9% off the ColdCard! (https://bitcoinaudible.com/coldcard)
• Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. Lets be 50k Sat buddies by signing up! at (https://bitcoinaudible.com/fold)
• The Swan IRA is live! Follow the link to find out how to get your tax free retirement funds, securely allocated to Bitcoin! The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (https://swanbitcoin.com/guy)
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"True ignorance is not the absence of knowledge, it’s the refusal to acquire it.” — Jeff Booth
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/messageWith the Introduction of Ark, the new 2nd layer payments and privacy protocol introduced with Read_734. I left with a lot of excitement, but I still had a ton of questions, so it felt like time for a chat with Burak, the creator of Ark. We dive into the bigger picture, how this is similar to lightning, how it is different, and then in an attempt to piece together the working parts we go through a bunch of edge cases and detail exactly how the ASP, past owners of Ark balances, and current owners of Ark balances all respond to secure the ownership of their coins. Don't miss this one. This is Bitcoin Audible Chat #80 - Building the Ark with Burak.
Don't forget to check out arkpill.me for more details.
Here are a few of the links that Burak sent my way for more exploration. Let me know if you want me to cover one on the show! Shoot me a message on Fountain
https://github.com/fiksn/awesome-ark
https://lists.linuxfoundation.org/pipermail/bitcoin-dev/2023-May/021720.html
Burak's Nostr Pubkey: npub18aq8s3z9xl87e74twfk93mljxq6alv4a79yheadx33t9np4g2wkqrtmask
Guy's Nostr Pubkey: npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev
Don't forget that Code BITCOINAUDIBLE gets 9% off the ColdCard! (https://bitcoinaudible.com/coldcard)
• Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. Lets be 50k Sat buddies by signing up! at (https://bitcoinaudible.com/fold)
• The Swan IRA is live! Follow the link to find out how to get your tax free retirement funds, securely allocated to Bitcoin! The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (https://swanbitcoin.com/guy)
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“If you tell the truth, you don't have to remember anything.” ― Mark Twain
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/messageThis episode will be part review, and part just going over some very practical, step by step ways to think about managing your keys with a hardware wallet. What you always need to do, how to not over complicate things, who you are protecting your keys from, and more. This episode will be good for those who had been considering taking the dive into their first hardware wallet, and still feel a little uncomfortable about exactly what to do to make sure their keys are there when needed.
Guy's Nostr Pubkey: npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev
Don't forget that Code BITCOINAUDIBLE gets 9% off the ColdCard! (https://bitcoinaudible.com/coldcard)
• Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. Lets be 50k Sat buddies by signing up! at (https://bitcoinaudible.com/fold)
• The Swan IRA is live! Follow the link to find out how to get your tax free retirement funds, securely allocated to Bitcoin! The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (https://swanbitcoin.com/guy)
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"Any intelligent fool can make things bigger, more complex, and more violent. It takes a touch of genius, and a lot of courage to move in the opposite direction." — E.F. Schumacher
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message"Ark is a trustless, distinct layer two protocol with unilateral exit. ASPs cannot steal users’ funds or link senders & receivers. Users retain self-custody and can revert their funds to the base layer if something goes wrong on the second layer." — Burak
Today we dive into possibly the most exciting announcement to come out of Bitcoin2023, a genuinely unique layer 2 protocol, for non-custodial, fully anonymous, fast, cheap, off-chain payments. Introducing Ark. We are diving right in and I promise you don't want to miss this one. Let's Go!
Check out the original article at: Introducing Ark. I’m excited to publicly introduce Ark… | by Burak
Guy's Nostr Pubkey: npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev
If you'd like to take your own deep dive, then you may start at https://www.arkpill.me/
Don't forget to check out our amazing sponsors:
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• The Swan IRA is live! Follow the link to find out how to get your tax free retirement funds, securely allocated to Bitcoin! The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (https://swanbitcoin.com/guy)
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"To teach that a comparatively few men are responsible for the greatest forward steps of mankind is the worst sort of nonsense." — Henry Ford
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message"an unbounded number of assets can be minted and/or moved in a single on-chain transaction. This off-chain first design enables asset minters and transactors to enjoy the permissionless nature of the bitcoin blockchain and scale their businesses without running into bitcoin’s scaling constraints. Users will soon be able to integrate their assets into the Lightning Network for instant, high volume, low-fee transactions. This leverages existing network effects and the install base of wallets, exchanges, and merchants, instead of needing to bootstrap a new ecosystem from scratch." — Ryan Gentry
With the issuance of assets on the Bitcoin network seeing a sudden surge, Taproot Assets drops there initial release at a very opportune time. Taproot Assets is a game-changing solution for scalable and efficient asset issuance and transfer on top of the bitcoin ecosystem. Seamlessly integrate with the Lightning Network for instant, low-fee transactions and enjoy developer-friendly tools designed for global accessibility. Don't miss this excellent episode.
Check out the original article plus the other great things built by Lightning Labs at the link below:
Mint the Future with Taproot Assets v0.2 - https://lightning.engineering/posts/2023-05-16-taproot-assets-v0.2/
Guy's Nostr Pubkey: npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev
Don't forget to check out our amazing sponsors:
• Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 20,000 FREE SATS! at (https://bitcoinaudible.com/fold)
• The Swan IRA is live! Follow the link to find out how to get your tax free retirement funds, securely allocated to Bitcoin! The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (https://swanbitcoin.com/guy)
• Dive into the Bitcoin only wallet, the cypherpunk calculator, with the NEW Coldcard Q1! A company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 9% off the ColdCard! (https://bitcoinaudible.com/coldcard)
-------------------------------
"One must acknowledge with cryptography no amount of violence will ever solve a math problem." — Jacob Appelbaum
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/messageWelcome to the first episode of AI Unchained, a new show exploring how AI technology can be a means of empowering the individual, rather than a system of control, and all the tools and perspectives that enlighten that journey.
Our first guest is none other than Jeff Booth, the author of "The Price of Tomorrow" on the incredible deflationary force of technology and why our only choice is to embrace it, not fight it. If you are trying to make sense out of the change that is being unleashed, you do not want to miss this show. Welcome to AI Unchained.
Check out Jeff Booth's incredible book here:
Amazon.com: The Price of Tomorrow: Why Deflation Is the Key to an Abundant Future
Guy's Nostr Pubkey: npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev
Code BITCOINAUDIBLE gets 10% off your Bitcoin2023 tickets!
Don't forget to check out our amazing sponsors:
• The Swan IRA is live! Follow the link to find out how to get your tax free retirement funds, securely allocated to Bitcoin! The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin
• Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and Fold App. 20,000 FREE SATS! at the LINK
• Dive into the Bitcoin only wallet, the cypherpunk calculator, with the NEW Coldcard Q1! A company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 9% off the ColdCard!
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message"As Victor Hugo reminds us: nothing is as powerful as an idea whose time has come. Bitcoin is here to stay; and Bitcoin’s time is now." - DerGigi
Another chapter in Gigi's upcoming book 21 Ways, today's article covers some of the prehistory, the origins, the breakthroughs, and the meaning of the Bitcoin system. Gigi always comes through with excellent work, and this one doesn't disappoint. Check out his patreon to stay up on his other projects and support his content. Plus the incredible body of work on his website at the links below.
https://www.patreon.com/dergigi
https://dergigi.com/2021/06/13/bitcoin-is-an-idea/
Explore the entire library of audio works at BitcoinAudible.com, plus vote for your favorites to be heard on the show!
Our amazing sponsors for today's show, keeping Bitcoin Audible alive!
The BitBox02 hardware wallet for the trifecta of ease of use, security, & open source key storage.
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"A deflationary monetary system of absolute hard money acts as a mirror for value creation. It is a compass to guide us toward a better economic path." - Aaron Segal
From Bitcoin Magazine, we hit a fantastic piece on the nature of money as a tool for reducing informational entropy. Why a finite supply money, is ultimately the most pure form of money able to translate technological innovation into decreased uncertainty in an economic system. Don't miss Segal's "Bitcoin Information Theory"
Check out the original and other great pieces at Bitcoin Magazine:
https://bitcoinmagazine.com/culture/bitcoin-information-theory-bit
The other excellent pieces mentioned that dig further into this topic, the ideas of pricing in an economy, & why our system has been skewed to strip the economic machine of growth and productivity:
"The Capital Strip Mine" by Allen Farringtion:
https://bitcoinaudible.com/the-capital-strip-mine/
"The Use of Knowledge in Society" by F.A. Hayek:
https://bitcoinaudible.com/hayeks-use-of-knowledge-in-society-part-1-2/
And our amazing sponsors for today's show, keeping Bitcoin Audible alive!
The BitBox02 hardware wallet for the trifecta of ease of use, security, & open source key storage.
SwanBitcoin.com for the automatic Bitcoin savings plan, automatic withdrawal, & low fee sat stacking.
"A network effect is an attribute of a company or other system such that as more people use the network, the network becomes exponentially more valuable for each user. It’s one of the strongest economic moats that a system can have against competitors." - Lyn Alden
Another excellent piece today from the newsletter of Lyn Alden, making sense of network effects, what they are & how fundamental they are to success. Breaking down the network effects of Bitcoin and the state of the ecosystem and institutional adoption. And lastly its comparison to the rest of the “Crypto” industry and where we can or cannot compare them.
Analyzing Bitcoin's Network Effect:
https://www.lynalden.com/bitcoins-network-effect/
For the Ray Youssef panel mentioned, Bitcoin 2021: Onboarding One Billion Bitcoiners
https://www.youtube.com/watch?v=MfvLz81EVhI
And our lovely sponsors who make Bitcoin Audible possible:
ShiftCrypto with the BitBox02 hardware wallet for sovereignty, simplicity, & security of your Bitcoin keys. Get 5% off with discount code "GUY"
SwanBitcoin.com for your automatic, no hassle, & low cost Bitcoin savings plan. Set it once and it never stops stacking for your future self! $10 free sats for signing up at my ref link.
“All this to say, there is no optimistic version of the future in which humanity does not use significantly more energy than it does today.” - Hodl’n Caulfield & Selene Lindstrom
What is the connection between Bitcoin, human prosperity, and the fundamental process of commanding energy to solve our problems? Bitcoin isn’t just a monetary and financial solution, its also revolutionary in the simple fact that it replaces a problem of violence and authority, merely through the burning of energy. How could we make the case that not only should we not scorn this amazing feat, but that we should want far more energy used by the system, to protect far more people around the world from systemic corruption of money?
Check out the original and drop some crazy applause on this one on medium:
https://bitcoinandenergy.medium.com/bitcoin-mining-and-the-case-for-more-energy-90094ce25fac
Don’t forget to follow the authors on Twitter for more of their future work:
https://twitter.com/stackerintherye
https://twitter.com/selenelindstr6
And a shout out to our amazing sponsors to the show:
ShiftCrypto with the BitBox02 hardware wallet for sovereignty, simplicity, & security of your Bitcoin keys. Get 5% off with discount code "GUY"
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Completely left the intro and guy's take section out of the publishing for last week's episode, so figured I would drop it just for those who might like to listen. No ads or any breaks for this one since I screwed up, lol.
Enjoy
"For those with the curiosity to look, Bitcoin has emerged as a vast and mysterious space to explore with treasures, dangers, and untold potential." - Tomer Strolight
Going through the incredible short, but profound pieces in the Why Bitcoin series by Tomer Strolight. An incredible walk through the many fundamental characteristics of Bitcoin. Why should we choose it, why is it backed by physics, why does its buying power keep rising, why is it the new frontier, and more in this first episode. Don't miss it!
For more digging into what happened in El Salvador and what the legal tender dstatus means, check out the awesome SSL podcast we did with Tomer, Alex Gladstein, Brady Swenson, & myself earlier today. Careful not to get too bullish:
https://www.youtube.com/watch?v=p_WC-AU8df8
Then for diving deeper into Proof of Work, check out the great pieces by Hugo Nguyen mentioned in the commentary:
Anatomy of Proof of Work:
https://bitcoinaudible.com/anatomy-of-proof-of-work-part-1/
Bitcoin, Chance & Randomness:
https://bitcoinaudible.com/bitcoin-chance-and-randomness-part-2/
ShiftCrypto with the BitBox02 hardware wallet for the secure, safe ship for sailing the open seas to this new frontier!
And SwanBitcoin.com for the strong sails pointed in the right direction. Toward a sovereign future, auto stacking & DCA into Bitcoin
I may have gotten ahead of myself but the vote is happening right now in El Salvador's Congress. It's being discussed and read on the floor & in order to get this out as quickly as possible, we have the reading of the "Bitcoin Law" proposed and soon voted on in El Salvador.
Enjoy.
If you haven't seen it, don't miss out on this moment in history. Jack Mallers' announcement and speech at Bitcoin2021 on the massive moves they are making with Strike, the infrastructure being built in the developing world, & the move by the President of El Salvador to make Bitcoin a legal Tender within the country and make it part of the national strategy to bring financial inclusion, monetary independence, and an infrastructure that will take them into the future with Bitcoin. This is the beginning of some massive.
Don't miss today's episode and the link below to dig more into this incredible development.
Jack Mallers at Bitcoin 2021:
https://www.youtube.com/watch?v=_59hrgTiRJU
Tweets related to this news & read on this episode:
https://twitter.com/WilliamSorianoH/status/1401737638290280452?s=20
https://twitter.com/nayibbukele/status/1401955382533165062?s=20
https://twitter.com/nayibbukele/status/1401622548396314631?s=20
https://twitter.com/nayibbukele/status/1401335885497524226?s=20
https://twitter.com/carlitosrejala/status/1401712725886132224?s=20
https://www.thestreet.com/crypto/bitcoin/panama-may-join-el-salvador-and-paraguay-in-bitcoin-adoption
https://twitter.com/gabrielsilva8_7/status/1401965129051389958?s=20
https://twitter.com/FabioOstermann/status/1401988499893587968?s=20
And a shout out to our amazing sponsors to the show:
ShiftCrypto with the BitBox02 hardware wallet for sovereignty, simplicity, & security of your Bitcoin keys. Get 5% off with discount code "GUY"
SwanBitcoin.com for your automatic, no hassle, & low cost Bitcoin savings plan. Set it once and it never stops stacking for your future self! $10 free sats for signing up at my ref link.
"If there is ever competition for the energy that the Bitcoin miners are buying, the miners turn off their machines, perhaps to turn them back on later in a real-time response to grid loads. This relationship is poorly understood by many, leading to a popular but incorrect assumption that Bitcoin is “wasting” energy that could be used for other projects." - Alex Gladstein
Another amazing piece from Gladstein, this time breaking down the incentives and elements of Bitcoin and Bitcoin mining that has the potential to transform the developing world's capacity for capital accumulation, sustainable economic activity, & bootstrapping of renewable energy production and expansion of the much needed electrification. Don't miss this piece!
Check out the original and Gladstein’s other incredible work below:
https://bitcoinmagazine.com/culture/bitcoin-is-humanitarian-and-environmental
A big thanks to BitcoinMagazine and the LTBNetwork for the invaluable & dedicated resource they have been to the Bitcoin community for so many years.
And a shout out to our amazing sponsors to the show:
ShiftCrypto with the BitBox02 hardware wallet for sovereignty, simplicity, & security of your Bitcoin keys. Get 5% off with discount code "GUY"
SwanBitcoin.com for your automatic, no hassle, & low cost Bitcoin savings plan. Set it once and it never stops stacking for your future self! $10 free sats for signing up at my ref link.
“At the core of economists’ fallacy is the belief that money is money by decree (because the state and its expert economists say so), which means they don’t fully recognise the power held by people’s collective decisions.” - Mick Morucci
A Bitcoin Magazine read today on why it is that the modern anthropologist may actually have a better grasp of Bitcoin and its incredible potential, than the mainstream economist does. A fascinating perspective from Anthropologist & economist Mick Morucci, on the unique insight he brings from 2 different disciplines.
Check out the original at the link below:
https://bitcoinmagazine.com/culture/anthropologists-are-interested-in-bitcoin
Wired For Story:
https://www.amazon.com/Wired-Story-Writers-Science-Sentence/dp/1607742454/ref=pd_rhf_gw_p_t_1_FMXR
Big thanks to our sponsors!
ShiftCrypto for the secure, open source BitBox02 hardware wallet and other great tools for securing your Bitcoin keys and backups
SwanBitcoin.com for the automatic, no hassle, no selling, set it and forget it Bitcoin savings plan.
“Technologies of anonymous communication, anonymous currency, and reputation systems have been invented. They cannot be un-invented. These are all the ingredients needed to build a circular economy with strong privacy in cyber-space” - NoPara73
Today we dive back into some of the most important concepts in Bitcoin, and some of the fundamental goals Bitcoin was created to facilitate. Privacy, Fungibility, & anonymity. What are they, how do they relate to each other, and what can we do to preserve them within the Bitcoin system?
Check out the original article and drop some epic applause on this piece on medium!
https://nopara73.medium.com/privacy-fungibility-anonymity-451d029355f7
Follow nopara73 on Twitter:
https://twitter.com/nopara73
An excellent discussion of the importance of privacy in today’s world with Glenn Greenwald:
https://www.youtube.com/watch?v=pcSlowAhvUk
Big thanks to our sponsors!
ShiftCrypto for the secure, open source BitBox02 hardware wallet and other great tools for securing your Bitcoin keys and backups
SwanBitcoin.com for the automatic, no hassle, no selling, set it and forget it Bitcoin savings plan.
"deflation is the natural order of a productive economy. If we were using a hard money standard like gold, for example, we would expect products to get cheaper over time relative to the value of our golden money, thanks to technological and productivity improvements over time, which make them cheaper relative to the number of labor hours required to produce them.” - Lyn Alden
Concluding the amazing breakdown of the current macroeconomic conditions of the dollar, how much money is actually being injected into the system, and what inflationary/deflationary forces are at play to make sense of what out monetary future holds.
Don't forget to check out the original to dig deeper down the rabbit hole on these topics & follow Lyn's incredible blog:
https://www.lynalden.com/quantitative-easing-mmt-inflation/
Other of Lyn's great work from the show:
7 Misconceptions About Bitcoin:
https://bitcoinaudible.com/7-misconceptions-about-bitcoin/
The Fraying of the Petrodollar System Part 1 & 2:
https://bitcoinaudible.com/the-fraying-of-the-petrodollar-system-part-1/
https://bitcoinaudible.com/the-fraying-of-the-petrodollar-system-part-2/
Big thanks to our sponsors!
ShiftCrypto for the secure, open source BitBox02 hardware wallet and other great tools for securing your Bitcoin keys and backups
SwanBitcoin.com for the automatic, no hassle, no selling, set it and forget it Bitcoin savings plan.
"Quantitative easing (QE) occurs when central banks, such as the U.S. Federal Reserve, create new money to buy government bonds or other securities. Some people fear that it will cause high inflation or even hyper-inflation and that it is essentially money-printing, while others suggest that it has no impact on inflation because the money that is newly-created or “printed” gets locked away... Based on history and math, the inflationary side of the argument is eventually correct, but with a lot of nuance along the way." - Lyn Alden
Another amazing piece from Lyn Alden breaking down & "steel manning" the concepts of QE & MMT. How they claim to work in theory and when they are/are not “money printing” and what their major failures are. This is a great one for making sense of the macroeconomic situation and trying to wrap your head around some of these very vague and often purposefully obscure concepts around monetary policy to get down to the truth behind what’s happening.
Check out the charts and other great links to dig deeper down the rabbit hole on these topics, or get a head start on tomorrows Part 2:
https://www.lynalden.com/quantitative-easing-mmt-inflation/
7 Misconceptions About Bitcoin:
https://bitcoinaudible.com/7-misconceptions-about-bitcoin/
The Fraying of the Petrodollar System Part 1 & 2:
https://bitcoinaudible.com/the-fraying-of-the-petrodollar-system-part-1/
https://bitcoinaudible.com/the-fraying-of-the-petrodollar-system-part-2/
Big thanks to our sponsors!
ShiftCrypto for the secure, open source BitBox02 hardware wallet and other great tools for securing your Bitcoin keys and backups
SwanBitcoin.com for the automatic, no hassle, no selling, set it and forget it Bitcoin savings plan.
"Money condenses energy. Bitcoin is the first and only tool we have for converting electric energy to monetary energy. Now what does this do to the energy market?" - Knut Svanholm
Amidst all the craziness around the Bitcoin & energy debate, its time to visit another great piece by returning author Knut Svnaholm of "Sovereignty Through Mathematics" and the amazing Citadel21 Magazine! A piece not only on the energy dynamic of Bitcoin, but also the waste and economic destruction caused by the central banking system. Listen to find out in today's read.
Check out the original and the other great pieces on Citadel 21 at the link below:
https://www.citadel21.com/orange-is-the-new-green
Mentioned in the show was the amazing piece from Hayek "The Use of Knowledge in Society":
https://bitcoinaudible.com/hayeks-use-of-knowledge-in-society-part-1-2/
Thanks so much to our sponsors who make this show possible:
ShiftCrypto for the secure, open source BitBox02 hardware wallet and other great tools for securing your Bitcoin keys and backups
SwanBitcoin.com for the automatic, no hassle, no selling, set it and forget it Bitcoin savings plan.
The price took a near 30% dump today. So let's talk about it.
A short episode today while I take care of my pup. Have you been distraught with the current price swings? That only means you are doing something wrong, or you don't yet understand what you are buying into. Conviction comes with experience & knowledge. Today you gain experience, Bitcoin Audible will help you with your knowledge
“Their goals were to separate money from governments and corporations, check the growth of the global surveillance state, and preserve human rights in an increasingly digital age. Satoshi Nakamoto’s greatest trick was to animate these aspirations into something that looks like and functions as digital gold.” - Alex Gladstein
Another brilliant piece from Gladstein on why the Number Go Up technology is just the facade on the Freedom Go Up foundation of Bitcoin. As corporations, banks, & even governments adopt Bitcoin out of their own self-interest, they will unknowingly be stripping themselves of the asymmetry of power they currently hold over money. By transforming greed into freedom, Bitcoin will liberate the world.
Bitcoin is a Trojan horse For Freedom:
https://bitcoinmagazine.com/culture/bitcoin-is-a-trojan-horse-for-freedom
A big thanks to our awesome sponsors & partners:
Bitcoin Magazine for their amazing content and sharing Bitcoin Audible on the LTBNetwork
ShiftCrypto for the secure, open source BitBox02 hardware wallet and other great tools for securing your Bitcoin keys and backups
SwanBitcoin.com for the automatic, no hassle, no selling, set it and forget it Bitcoin savings plan.
“In my lifetime I have seen many technologies emerge. The Internet. Pocket super computers. Digital music. And the old guard fought it, tried to capture it, and eventually learned to live in harmony with it in each case. The smart ones have even started to make money again in spite of it. One thing I have seen over and over is technology will find a way.” - cAPSLOCK
How we fail as humans to recognize new patterns, and constantly project old, outdated models onto truly unique things which allows us to so badly misunderstand or hide the best path forward from ourselves. Bitcoin doesn’t care about our narratives, and Bitcoin will do ALL THE THINGS!
Don’t miss an awesome post from cAPSLOCK, link below to explore further:
https://bitcointalk.org/index.php?topic=178336.msg56754513
Check out this awesome tool mentioned in the post:
https://coinos.io/home
Don't forget to get your BitBox02 with discount code "GUY" for 5% off at guyswann.com/bitbox
You should already be stacking, but take the work out of it by do it automatically with Swanbitcoin.com/guy (free sats to start your plan)
"only 13% of our planet’s population is born into the dollar, euro, Japanese yen, British pound, Australian dollar, Canadian dollar or Swiss Franc. The other 87% are born into autocracy or considerably less trustworthy currencies. 4.3 billion people live under authoritarianism, and 1.2 billion people live under double- or triple-digit inflation." - Alex Gladstein
Another brilliant piece from Alex Gladstein and Bitcoin Magazine, this one on the incredible privilege of those inside the dollar bubble, looking out and claiming Bitcoin is useless or is bad for the world. They stand like hypocrites living without any of the problems that Bitcoin is specifically designed to fix, and is fixing. Three stories of those who live and experience the *real* world, give us a very different view of Bitcoin, & why it is critical for all of our futures that we stand behind it and see it succeed.
A thanks to @RD_btc for the donation that boosted this right to the top of the list. I hope I did you proud!
Check Your Financial Privilege:
https://bitcoinmagazine.com/culture/check-your-financial-privilege
A massive thanks to the incredible output and work coming from Bitcoin Magazine. They are a resource like now other for publishing and spread this content as far as possible.
Don't forget to get your BitBox02 with discount code "GUY" for 5% off at guyswann.com/bitbox
You should already be stacking, but take the work out of it by do it automatically with Swanbitcoin.com/guy (free sats to start your plan)
"How does anyone censor something abstract and intangible; something that can consist of an arrangement of numbers and letters, and can be transported via any medium? What do you do? Ban pen and paper? Phone calls and the spoken word? Smoke signals? Morse code? To what end?" - Grubles
Are you hoping to censor Bitcoin? To stop people from transacting, or to prevent Bitcoin from being useable inside your country. Good luck, Bitcoin was built for just such a scenario. You certainly have a task ahead of you.
A great piece today from Grubles on why its not quite the easiest of tasks to censor Bitcoin:
https://notgrubles.medium.com/one-does-not-simply-censor-bitcoin-89dc4a32ba2b
Don't forget to get your BitBox02 with discount code "GUY" for 5% off at guyswann.com/bitbox
You should already be stacking, but take the work out of it by do it automatically with Swanbitcoin.com/guy (free sats to start your plan)
“one of the main reasons for Bitcoin’s success is something that resonates with us as humans on a much deeper level: the primal elements of its brand, which when combined, turn it into a belief system." - Paulo Sacramento
Today we go deeper than the technical aspects of Bitcoin, less about the code and innovation itself, & more about the human element. What is it about Bitcoin that connects it to the primal elements inside us? What makes Bitcoin not a mere technology, but an ideology? And what can it tell us about Bitcoin's long term staying power?
The Seven Primal Elements of the Bitcoin Brand:
https://bitcoinmagazine.com/culture/the-seven-primal-elements-of-bitcoin
Mentioned in the episode to explore the topic further:
Sally Hogshead, Fascinate
The Cryptoconomy Holiday Calendar
Don't forget to get your BitBox02 with discount code "GUY" for 5% off at guyswann.com/bitbox
You should already be stacking, but take the work out of it by do it automatically with Swanbitcoin.com/guy (free sats to start your plan)
No matter how often we cover these ideas, it still seems astonishingly common for new people to fall into the same old fallacies and the same misguided thinking. In this episode I try to cover all the major problems with the "raise the blocksize" mentality, and why its thinking incorrectly about what the system even provides, and most importantly how it provides it.
We cover 7-9 key points and ways to think about scaling, the Bitcoin network, & what the future of it might be given enough time. Bitcoin is the tortoise, not the hare. And the problem isn't about building a VISA competitor, its about building a state-proof monetary base. Lets jump in!
Don't forget to get your BitBox02 with discount code "GUY" for 5% off at guyswann.com/bitbox
You should already be stacking, but take the work out of it by do it automatically with Swanbitcoin.com/guy (free sats to start your plan)
"Bitcoin’s security guarantee comes from the direct conversion of unforgeable energy into a fixed supply unit on an incorruptible monetary network. There is no alternative that exists that is more sound, efficient, effective and rooted in the physical laws of the very universe itself." - Aleks Svetski
What is the true nature of our government systems and what are the consequences of collectivism. These are not only fundamental questions to understanding the problems of society today, but their exploration also enlightens how these very fallacies & failed systems are propped up by the nature of fiat money itself.
For the original article with lots of links and graphics to expand on the discussion, check out the link below:
https://svetski.medium.com/fiat-fascism-and-communism-d185e66733b
Other great works mentioned in this episode to dig further into these ideas:
Anatomy of the State [Rothbard]:
Part 1 - https://bitcoinaudible.com/anatomy-of-the-state-part-1/
Part 2 - https://bitcoinaudible.com/anatomy-of-the-state-part-2/
The Use of Knowledge in Society [Hayek]:
Part 1 - https://bitcoinaudible.com/hayeks-use-of-knowledge-in-society-part-1-2/
Part 2 - https://bitcoinaudible.com/use-of-knowledge-in-society-part-2/
Guy's Take #36 - Walking Tall:
https://bitcoinaudible.com/guys-take-36-walking-tall/
It Starts With Food
Don't forget to get your BitBox02 with discount code "GUY" for 5% off at guyswann.com/bitbox
You should already be stacking, but take the work out of it by do it automatically with Swanbitcoin.com/guy (free sats to start your plan)
"It is truly impossible for the petrodollar system to be green when it is based on black gold." - Alex Gladstein
Today we have another brilliant piece by Alex Galdstein, published on Bitcoin Magazine about the Petrodollar system, how it came about, why it has stuck around, & the horrible costs of maintaining it that so few are willing to acknowledge.
Check out the original at the link below plus so many other great works at Bitcoin Magazine:
https://bitcoinmagazine.com/culture/the-hidden-costs-of-the-petrodollar
Don't forget to get your BitBox02 with discount code "GUY" for 5% off at guyswann.com/bitbox
You should already be stacking, but take the work out of it by do it automatically with Swanbitcoin.com/guy (free sats to start your plan)
Hyperbitcoinization is defined by the Nakamoto institute as “a voluntary transition from an inferior currency to a superior one, and its adoption is a series of individual acts of entrepreneurship rather than a single monopolist that games the system.” - Knut Svanholm
The FOMO is going to be out of this world, & both the knowledge and networks you build prior to the flood, will be endlessly valuable when or if that time comes. Both due to the nature of Bitcoin's supply, & amplified by the disaster & potential collapse of the fiat financial system, hyperbitcoinization could be much closer than we think. Are you prepared?
Check out the amazing Citadel21 publication and all the incredible work they put out at the link below:
https://www.citadel21.com/you-are-not-prepared
Don't forget to get your BitBox02 with discount code "GUY" for 5% off at guyswann.com/bitbox
You should already be stacking, but take the work out of it by do it automatically with Swanbitcoin.com/guy (free sats to start your plan)
"To be sure, by the waning days of 2010, Satoshi Nakamoto was still acknowledged for inventing Bitcoin, and was respected for growing the world's first decentralized digital currency into a $1 million market. But as frustrations with his authority and availability built, it became all too common for users to decry Satoshi the admin[X], Satoshi the bottleneck[X], Satoshi the dictator[X]." - Pete Rizzo
Dont miss another incredible journey through Bitcoin's history by Pete Rizzo, in honor of the anniversary of Satoshi's disappearance in just a few days. What did people think of Satoshi, what really happened in the transition from Satoshi to Gavin, and what critical moments in Bitcoin history, may have led to the disappearance of its mysterious creator? A must read/listen.
Check out the full article and incredible list of citations for further digging at BitcoinMagazine.com below:
https://bitcoinmagazine.com/technical/what-happened-when-bitcoin-creator-satoshi-nakamoto-disappeared
A huge thanks to Bitcoin Magazine for their always amazing content!
Don't forget to get your BitBox02 with discount code "GUY" for 5% off at guyswann.com/bitbox
You should already be stacking, but take the work out of it by do it automatically with Swanbitcoin.com/guy (free sats to start your plan)
"Bitcoin miners are unique energy buyers in that they offer highly flexible and easily interruptible load, provide payout in a globally liquid cryptocurrency, and are completely location agnostic, requiring only an internet connection. These combined qualities constitute an extraordinary asset, an energy buyer of last resort that can be turned on or off at a moment’s notice anywhere in the world." - Square & ARKinvest
The "Bitcoin destroys the environment" argument is over for anyone who hasn't lost the ability to think clearly. A new paper from Square and their clean energy initiative and how Bitcoin mining will change everything.
For the full paper and links to further breakdown and discussion on the topic, check out the source below:
https://assets.ctfassets.net/2d5q1td6cyxq/2D2BnksJjavw4a6SUvAPwZ/c42a9e3a520b0cc3b230cda3b43eead5/BCEI_White_Paper_.pdf
Don't forget to get your keys safely in your own possession, with a secure, open source hardware wallet, the BitBox02!
And stack automatically, withdrawing for free to your BitBox, using the best auto-DCA service in the biz, SwanBitcoin.com/guy
"discussion about Taproot activation turned out to be a long and sometimes heated debate. Now, it has resulted in two different Taproot activation paths, embedded in two main software clients that could in some scenarios even become incompatible with one another." - Aaron Van Wirdum
With a short introduction to taproot and all the mess around the True/False activation dilemma, we cover another great piece from Aaron Van Wirdum at BitcoinMagazine breaking down why we have 2 different clients, what the conflict is exactly and what it might mean for Bitcoin over the next year.
Check out the full article below, with lots of links to other works and source for further digging:
https://bitcoinmagazine.com/technical/there-are-now-two-taproot-activation-clients-heres-why
For the previous episode discussing the True/False dilemma in detail, here is Aaron's previous article covering the debate:
https://bitcoinaudible.com/lot-true-or-false-the-last-hurdle-for-taproot/
Our amazing sponsors below:
In the worst case of a fork, all you need to do is be holding your own keys! Use the BitBox02 hardware wallet, and you'll be protected. (guyswann.com/bitbox discount code GUY for 5% off)
And if you aren't automatically stacking sats, you're doing it wrong. The best, simplest savings plan is with Swan Bitcoin. Automatic, low fees, a no brainer for a real bitcoiner. (swanbitcoin.com/guy gets you some FREE sats to start off)
A huge thank you to Bitcoin Magazine for always being such a reliable and fascinating source of news and thought in this space! They and the LTBnetwork are an unmatched resource.
"Embedded on every single node of the Bitcoin network is an obituary. Hacked into the transaction data, it’s a memorial to Len Sassaman, a man essentially immortalized in the blockchain itself. A fitting tribute in more ways than one.' - Evan h
In the never ending search for Satoshi, there is the opportunity to find the unsung heroes of the cypherpunks. those who are lesser known, but made a monumental impact on the cypherpunk movement and helped in laying the critical pieces that made Bitcoin possible. Who was Len Sassaman? Is there evidence that he could have been the man behind the Satoshi pseudonym? And why did we lose him so early?
All this in more in this amazing piece from Evan h:
Len Sassaman and Satoshi: A Cypherpunk History
https://leung-btc.medium.com/len-sassaman-and-satoshi-e483c85c2b10
Check out our amazing sponsors and their awesome products for getting an entry into Bitcoin and securing your keys:
SwanBitcoin provides not only the automatic Bitcoin savings plan, but an institutional and high-net worth service at Swanbitcoin.com/private to assist with everything around custodying, managing, and getting allocated to Bitcoin.
Then for securing your keys as securely as possible with an intuitive and simple cold storage device, check out the BitBox02 hardware wallet from Shiftcrypto plus other great backup and security tools available on their shop.
Find both of our amazing sponsors at Guyswann.com
A walk through Bitcoin history, the chaos of the early days, the blocksize war, working in film, financial catastrophes, the great reset, the breakdown of collective trust, hyperinflation, & the principles that Bitcoin embodies - all covered in today's chat with the Bitcoin Made Simple podcast host, Cory Tucek. I had a great time with this one and I think you guys will love it. Don't miss Chat #60 - Strong Foundations in an Unstable Era
Check out the Bitcoin Made Simple Podcast for more from Cory at the link below:
https://anchor.fm/bitcoinmadesimple/episodes/BMS-011-Dan-Held-danheld-Interview-eur2h9
And of course don't miss our incredible sponsors! SwanBitcoin.com for your automatic, no hassle savings plan, & ShiftCrypto with the BitBox02 hardware wallet, for simple, secure, open source Bitcoin storage
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message"Human civilization is at an inflection point. Inflationary monetary policy against the backdrop of technological deflation means either that ever more power will become concentrated in the hands of the state, or that one by one, individuals will voluntarily opt into and adopt a superior monetary system, the rules of which cannot be arbitrarily changed." - Dylan Leclair
We are at the precipice of the greatest change in our monetary system in nearly the past century. The long term debt cycle is in its endgame. What has led us here, and what future does Bitcoin make possible with its emergence coinciding with the conclusion of the legacy monetary regime. Taking a deeo dive on this topic with this new article at Bitcoin Magazine, written by Dylan Leclair.
For other great episodes to explore and dig deeper into the relevant ideas, here are a few mentioned during the show:
Utopian Dystopias (by Aleks Svetski)
https://anchor.fm/thecryptoconomy/episodes/Read_515---Utopian-Dystopias-Alek-Svetski-eupes1
Fraying of the Petrodollar System (by Lyn Alden)
Part 1 - https://bitcoinaudible.com/the-fraying-of-the-petrodollar-system-part-1/
Part 2 - https://bitcoinaudible.com/the-fraying-of-the-petrodollar-system-part-2/
Check out the huge set of charts & statistics that demonstrate the massive long term debt cycle, and at what point we find ourselves in:
https://bitcoinmagazine.com/markets/the-conclusion-of-the-long-term-debt-cycle-and-the-rise-of-bitcoin
Becoming a Bitcoiner is a process, one of decisions, and proper incentives:
The first step is to start stacking, your future self will love you for it - Swan Bitcoin (swanbitcoin.com/guy)
The second step is to take responsibility of your keys, simply and securely - BitBox02 (guyswann.com/bitbox)
From there listen to every episode of BitcoinAudible or search the Library for your favorites. Then get back to me
"Bitcoin is the alpha-omega of private property and voluntary exchange. It lowers the cost of defence whilst increasing the cost of attack. As such it is the central tool in helping us get beyond the great filter." - Aleks Svetski
In tying together and expanding on the ideas touched on in yesterday's episode, on responsibility and freedom, we dive deep with Alek's piece from the Bitcoin Times Ed 3 on the nature of decision making, the fundamental truths of the world, & how we can deduce a harmonious path for the future. Bitcoin codifies the critical principles necessary for proper evolution of society. Let's find out why.
Don't forget to check out the original and drop some massive applause, plus the other many great works from The Bitcoin Times:
https://medium.com/the-bitcoin-times/utopian-dystopias-e0a0e9868bdc
Another episode we've done discussing some related concepts and the nature of rights and how Bitcoin defends them is Guy's Take #32:
Rights, Incentives & the Bitcoin System
https://bitcoinaudible.com/?p=4800
Becoming a Bitcoiner is a process, one of decisions, and proper incentives:
The first step is to start stacking, your future self will love you for it - Swan Bitcoin (swanbitcoin.com/guy)
The second step is to take responsibility of your keys, simply and securely - BitBox02 (guyswann.com/bitbox)
From there listen to every episode of BitcoinAudible or search the Library for your favorites. Then get back to me
"The whole idea of Bitcoin is to remove intermediaries from the equation. Trusted third parties are security holes, and unless we want to repeat past mistakes, it is our collective responsibility to eliminate these security holes wherever and whenever we can." - DerGigi
Bitcoin changes us in ways that are hard to articulate. It's a level of personal responsibility, when you make that journey to the great depths of the rabbit hole, that is hard to understand without making the journey yourself. Responsibility isn't merely something that could lead to more freedom, it's axiomatic to freedom & sovereignty itself. It's impossible to have the latter, without conquering the former.
Don't miss today's brief but excellent read from DerGigi, on the nature of responsibility and what it means in Bitcoin!
The Responsibility of Adopting Bitcoin:
https://dergigi.com/2021/03/14/the-responsibility-of-adopting-bitcoin/
The first step is to start stacking, take responsibility of your savings and your future - Swan Bitcoin (swanbitcoin.com/guy)
The second step is to take responsibility of your keys, you own your coins, they aren't someone else's IOU - BitBox02 (guyswann.com/bitbox)
The final step is to run your own node, and define what Bitcoin is for yourself.
• Money is not what you think it is
• Great societies are a result of great money
• Money is more foundational than language
• Prices are not arbitrary
• The nature of time
• Money is a tool of information
• Proof of work in ancient history
...And so much more in today’s Guy’s Take!
The many recommended works to dig deeper:
Wittgenstein’s Money
https://bitcoinaudible.com/?p=5659
I, Pencil
https://bitcoinaudible.com/?p=1668
Applying Economics to American History (Tom Woods)
https://www.youtube.com/watch?v=m-LJ3wZjD4I&t=0s
Shelling Out: The Origins of Money
https://bitcoinaudible.com/?p=3531
The Island of Stone Money
https://bitcoinaudible.com/?p=3069
Bitcoin is Time
https://bitcoinaudible.com/?p=5837
On Network Effects, Shelling Points, & Lindy
https://bitcoinaudible.com/?p=4504
Don't forget our glorious sponsors:
Makes your 401K look like a joke - Swan Bitcoin (swanbitcoin.com/guy)
The "Love your keys" secure, open source hardware wallet - BitBox02 (guyswann.com/bitbox)
"...And we’re just considering two sources of nonrival energy: clean energy curtailment in China, and vented/flared gas in the U.S. There are many other sources of stranded and nonrival energy sources globally. Suffice to say, there’s enough nonrival energy out there to run Bitcoin many times over. It’s just a matter of deploying hashrate in the right locations, which miners are doing — aggressively." - Nic Carter
We have another great piece on the energy debate around Bitcoin, this time responding to a Bloomberg article by Noah Smith, but this time with a little twist. It's not so much about the environmental problem, but the economics and problems of the energy cost of the system, its explosive rise during bull markets, and how this threatens alternative uses, increases costs, and takes precious resources away from chip foundries producing much needed smartphones and computer processors. Is there anything to this criticism? Nic Carter responds in today's article:
Noahbjectivity on Bitcoin Mining:
https://medium.com/@nic__carter/noahbjectivity-on-bitcoin-mining-2052226310cb
The first article in question - "Bitcoin Miners are on a Path to Self-destruction":
https://www.bloomberg.com/opinion/articles/2021-03-24/bitcoin-miners-are-on-a-path-to-self-destruction
And Noah's rebuttal discussed in the Guy's Take:
https://noahpinion.substack.com/p/bitcoin-mining-and-resource-use
Don't forget our glorious sponsors:
The SO much better than your stupid 401K plan - Swan Bitcoin (swanbitcoin.com/guy)
& the "Love your keys like family," secure, open source hardware wallet - BitBox02 (guyswann.com/bitbox)
The Gaming Universe is about to be Struck by Lightning. We have Simon Cowell on the podcast, CEO and Founder of ZeBeDee and their tools for easily integrating Lightning payments directly into the gaming and esports industry. Where the virtual economy meets the virtual world, with Lightning at its center. Don’t miss Bitcoin Audible Chat #59!
Don't forget to follow them and check out the tools they are building by going to their twitter page and website below:
https://twitter.com/zebedeeio
https://zebedee.io/
If you haven't listened to the article mentioned on the podcast, find it here:
https://bitcoinaudible.com/?p=5596
A huge thank you to our amazing sponsors:
SwanBitcoin - The #1 place to setup your automatic Bitcoin savings plan! (SwanBitcoin.com/guy)
BitBox - Minimal, user friendly, secure, Swiss made, open source, hardware wallet (guyswann.com/BitBox)
"When I thought about what is the defining difference between the Bitcoin maximalists and my yuppie elite friends, the surface level distinctions that popped out were political (e.g., libertarianism, Trump support, second-amendment rights, Black Lives Matter). But these stem from a deeper divide: the degree to which a person has trust in the system." - Croesus
Why is it that some of the most intelligent people can both be the first to grasp the astounding benefit and value of Bitcoin, but simultaneously be the ones who dismiss it with the greatest prejudice, and refuse to entertain that there may be anything at all of value? What is the difference between those two groups, can we narrow down where the core problem loves? Find out in today's read by Croesus at the amazing Citadel21 publication. Titled...
Why the Yuppie Elite Dismiss Bitcoin
https://www.citadel21.com/why-the-yuppie-elite-dismiss-bitcoin
Shout out to Preston Pysh for reminding me of this one, and to Citadel21 for their amazing resource and collection of works. They also happen to be today's "Bitcoin Resource" and I highly recommend doing a little exploring over on their page below:
https://www.citadel21.com/
A huge thank you to our amazing sponsors:
SwanBitcoin - The #1 place to setup your automatic Bitcoin savings plan! (SwanBitcoin.com/guy)
BitBox - Minimal, user friendly, secure, Swiss made, open source, hardware wallet (guyswann.com/BitBox)
"The empty block attack is one where a majority of mining power would be directed at mining only empty blocks and rejecting non-empty blocks. These miners would essentially execute a soft-fork where all non-empty blocks would be rejected. Given that they have a majority of hashing power on the network, so the thinking goes, they will eventually get the longer chain even if other miners were to mine non-empty blocks. If only empty blocks are being mined, all activity on the network would stop and so, the thinking goes, Bitcoin would be killed." - Jimmy Song
With another bull market, comes another avalanche of the same old FUD. Today we hit an excellent little article from Jimmy Song taking the time to thoroughly debunk the again popular, "Empty Block Attack" scenario from a potential nation-state adversary. Don't miss today's article if you have been exhausted with answering the twitter flood of new people certain they have the inside secret to killing Bitcoin.
Debunking the Empty Block Attack:
https://jimmysong.medium.com/debunking-the-empty-block-attack-10513858b3f8
A huge thank you to our amazing sponsors:
SwanBitcoin - The #1 place to setup your automatic Bitcoin savings plan! (SwanBitcoin.com/guy)
BitBox - Minimal, user friendly, secure, Swiss made, open source, hardware wallet (guyswann.com/BitBox)
Today's Resource is Jimmy Song's "Programming Bitcoin," for those who really want to get into the dirty details of Bitcoin and how it works, and want to walk through the code and understand it on an entirely new level, this is the resource you are missing. Check it out at the link below:
https://amzn.to/2RSlnTb
For more amazing articles on this topic & all the other incredible works in the Bitcoin space, check out the 100s of great works in the Bitcoin Audible Library:
https://bitcoinaudible.com/?page_id=5764
"Bitcoin is not taking gas from your car or electricity from your house, it is making power production more efficient, utilizing otherwise “stranded” energy sources and helping to fund the development of renewable energy technologies." - Evan Bayless
With the constant flood of ignorance and incredible mental laziness in the conversation of Bitcoin's energy consumption, its always good to have another perspective and more knowledge on not only why its not nearly as simple as portrayed, but that its extremely likely to be the exact opposite of what the detractors claim. A great piece from Evan Bayless on Bitcoin Magazine...
Bitcoin Will Save Our Earth
https://bitcoinmagazine.com/business/bitcoin-will-save-our-earth
A huge thank you to our amazing sponsors:
SwanBitcoin - The #1 place to setup your automatic Bitcoin savings plan! (SwanBitcoin.com/guy)
BitBox - Minimal, user friendly, secure, Swiss made, open source, hardware wallet (guyswann.com/BitBox)
For more amazing articles on this topic and energy in general around Bitcoin ming, check out the hundreds of great piece in the Bitcoin Audible Library:
https://bitcoinaudible.com/?page_id=5764
"Bitcoin is a unique digital asset for an increasingly digital world that requires digging deeper than the surface level to understand its core properties and trade-offs." - Ria Bhutoria
Fidelity writes another great piece this time addressing he persisting and common criticisms of Bitcoin that the new entrants to the ecosystem continue to falsely hold as major, valid concerns. Bitcoin is a complicated and nuanced technology. Unfortunately, this means baseless or clearly erroneous criticisms stick around for far longer than their validity would seem to warrant. So with another great post from Fidelity, let's answer them yet again.
Fidelity Digital Assets
Addressing Persisting Bitcoin Criticisms:
https://www.fidelitydigitalassets.com/articles/addressing-bitcoin-criticisms
Follow Ria on social media:
https://twitter.com/riabhutoria
A huge thank you to our amazing sponsors:
SwanBitcoin - The #1 place to setup your automatic Bitcoin savings plan! (SwanBitcoin.com/guy)
BitBox - Minimal, user friendly, secure, Swiss made, open source, hardware wallet (guyswann.com/BitBox)
Today's Bitcoin Resource:
Sphinx App, Chat & Lightning! Check them out at Sphinx.chat to get started on the encrypted chat and payments app run entirely over the Lightning network.
"To state it plainly: Bitcoin is a momentous monetary innovation enabling a new mode of non-nation-state human organization, a “purified” form of capitalism free of nation-state interference and deserving of its own neologism. Let us call the new mode of socioeconomic organization enabled by encrypted digital money sovereignism." - Robert Breedlove
Today we start an amazing series by Breedlove based on the thesis proposed by the Sovereign Individual. Could the new dynamic brought about by the existence of Bitcoin, potentially destroy the economic cost/reward reality of centralized, violent nation states? And what does such a potentiality mean for the future?
Don’t miss today’s read from Swan Bitcoin blog, by Robert Breedlove:
Sovereignism Part 1 - Digital Creative Destruction
https://www.swanbitcoin.com/sovereignism-part-i-digital-creative-destruction/
A huge thank you to our amazing sponsors:
SwanBitcoin - The #1 place to setup your automatic Bitcoin savings plan! (SwanBitcoin.com/guy)
BitBox - Minimal, user friendly, secure, Swiss made, open source, hardware wallet (guyswann.com/BitBox)
“We can already observe some faint light at the end of the tunnel. Savings have been reintroduced into the hands of society. You can save money and the State is unable to influence your funds on the Bitcoin blockchain. Nobody can take your money away, and this creates economic stability that positively influences mental wellbeing. When you know that you have savings, and that you will be able to pay any and all unexpected expenses that might arise and that you have built the foundations of a prosperous future, things change.” - Karo
Paper money doesn't merely have economic consequences, it has deep impact on the very nature of who we are. Today's read from Bitcoin Magazine delves into what those consequences are. And despite losing a long Guy's rant thanks to some failed software, I would point you to an older episode that had a very similar topic of discussion, Guy's Take #36 - Walking Tall
Check out the original article and the other great stuff at Bitcoin Magazine below:
https://bitcoinmagazine.com/culture/trust-that-we-need-more-of
A huge thank you to our amazing sponsors:
SwanBitcoin - The #1 place to setup your automatic Bitcoin savings plan! (SwanBitcoin.com/guy)
BitBox - Minimal, user friendly, secure, Swiss made, open source, hardware wallet (guyswann.com/BitBox)
“40 years of this back and forth has resulted in almost $20 trillion in zero- or negative-yield government and corporate debt, the lowest interest rates in the last 5,000 years, and the most amount of global debt ever in human civilization." - Arthur Hayes
Our macro situation is teeter between Financial Armageddon on the one hand, if governments and central banks let interest rates rise, and possible war and revolution on the other, if they hyperinflate their currencies to absolve them of their debts. Is there anything that can protect us from this terrible situation? How on earth do you build a portfolio in such an environment?
Today we read, Arthur Hayes's amazing piece from the BitMex blog, "Pumping Iron":
https://blog.bitmex.com/pumping-iron/
Don't forget to read/listen to his other great piece mentioned "Choose Your Fiction":
https://bitcoinaudible.com/?p=3907
A huge thank you to our amazing sponsors:
SwanBitcoin - The #1 place to setup your automatic Bitcoin savings plan! (SwanBitcoin.com/guy)
BitBox - Minimal, user friendly, secure, Swiss made, open source, hardware wallet (guyswann.com/BitBox)
"As long as there are money printers, there can be no freedom of expression. Money is the tool we use to express value to each other. Whoever controls the money supply controls the world." - Knut Svanholm
The world became vastly more free when we separated our religious morals and authority from the apparatus of the state. The separation of church and state is one of the most important developments for freedom in history. But the state retained an unjust, unequal level of control & limitation on the freedom of expression, by monopolizing the very tool we use to express value. Money.
Bitcoin is, The Separation of Money and State. Check out the full article at Bitcoin Magazine below:
https://bitcoinmagazine.com/culture/bitcoin-and-the-separation-of-money-and-state
To dig deeper into the concept of rights and the Bitcoin system, check out Guy's Take #32.
Rights, Incentives & the Bitcoin System:
https://bitcoinaudible.com/?p=4800
A huge thank you to our amazing sponsors:
SwanBitcoin - The #1 place to setup your automatic Bitcoin savings plan! (SwanBitcoin.com/guy)
BitBox - Minimal, user friendly, secure, Swiss made, open source, hardware wallet (guyswann.com/BitBox)
Much love to Bitcoin Magazine and the extraordinary LTBNetwork for the invaluable resource they provide to the Bitcoin ecosystem!
"The World is in Denial" - Preston Pysh
Preston Pysh joins Bitcoin Audible to talk the horrible macro environment, the unraveling of the financial markets, the enormous risk of inflation, & how the maturation of Bitcoin could turn everything upside down. The establishment of real market interest rates & liquid futures markets within the Bitcoin ecosystem isn't merely a sign of growth, it's a fundamentally important step toward a robust, global financial system built atop Bitcoin as the new monetary base.
Don't miss today's excellent interview with the host of the most downloaded investor's podcast, "We Study Billionaires" and founder of the "Investors Podcast Network," Preston Pysh.
Check out Preston Pysh on Twitter and his amazing podcasts at the links below:
https://twitter.com/PrestonPysh
https://www.theinvestorspodcast.com/
A huge thank you to our amazing sponsors:
SwanBitcoin - The #1 place to setup your automatic Bitcoin savings plan! (SwanBitcoin.com/guy)
BitBox - Minimal, user friendly, secure, Swiss made, open source, hardware wallet (guyswann.com/BitBox)
• Why Matt Odell is wrong about the OCC statement
• Bullish review of the SeeTee Shareholder Letter
• Microstrategy & 0% bonds
• Jack Mallers taking over the world
• NYDIG
• MassMutual, Square, Tesla, Marathon, Stone Ridge, & the Bitcoin Treasury Rush
• Next phase of the Bitcoin mining industry
• Lightning everywhere
• New developer grants
• Rewards Cards everywhere!
...and tons more
The flood of 2021 is well underway.
Lightning as a Retail Payment System:
https://medium.com/galoymoney/lightning-as-a-retail-payment-system-part-1-7463c46342ef
A huge thank you to our amazing sponsors:
SwanBitcoin - The #1 place to setup your automatic Bitcoin savings plan! (SwanBitcoin.com/guy)
BitBox - Minimal, user friendly, secure, Swiss made, open source, hardware wallet (guyswann.com/BitBox)
"We are not going to wait for the future - we want to join in building it as well! I encourage entrepreneurs to reach out to Seetee. The bigger the dream, the more we listen."
Kjell Inge Røkke
Covering the recent, incredible announcement that the Norwegian energy giant, Aker has made a strong push into both building for & investing in the Bitcoin ecosystem, we read the SeeTee shareholder letter on their breakdown of their journey into Bitcoin, their thinking on its massive potential, & their vision for the future. Another phenomenal read not to be missed.
The SeeTee Shareholder Letter, check out the original below:
https://www.seetee.io/
A huge thank you to our amazing sponsors:
LVL.co - The first Free, no-fee exchange & Bitcoin banking services! (guyswann.com/lvl)
SwanBitcoin - The #1 place to setup your automatic Bitcoin savings plan! (SwanBitcoin.com/guy)
BitBox - Minimal, user friendly, secure, Swiss made, open source, hardware wallet (guyswann.com/BitBox)
“This problem is precisely why all previous attempts of digital cash required a centralized registry. You always had to trust someone to correctly identify the order of things. A centralized party was required to keep the time. Bitcoin solves this problem by re-inventing time itself. It says no to seconds and yes to blocks.”- DerGigi
DerGigi is back at it with a chapter from his upcoming book 21 Ways, all about the nature of Bitcoin not as new invention in money, or payments, or cryptography… but rather a new invention in the realm of time. Bitcoin doesn’t merely allow an ordering of events, it actually invents its own concept, of time.
Bitcoin is Time:
https://dergigi.com/2021/01/14/bitcoin-is-time/
Don’t forget to check out DerGigi’s other phenomenal work and support him at the link below:
https://dergigi.com/support/
POW is a Decentralized Clock:
https://bitcoinaudible.com/?p=4728
21 Lessons:
Listen on Audible
Today's Bitcoin Resource:
Bo Bullshit Bitcoin
A huge thank you to our amazing sponsors:
LVL.co - The first Free, no-fee exchange & Bitcoin banking services! (guyswann.com/lvl)
SwanBitcoin - The #1 place to setup your automatic Bitcoin savings plan! (SwanBitcoin.com/guy)
BitBox - Minimal, user friendly, secure, Swiss made, open source, hardware wallet (guyswann.com/BitBox)
"As a consensus system without central authority, Bitcoin protocol upgrades can be challenging. If one segment of the network upgrades to a new version of the protocol before another segment does, different nodes might enforce different rules, introducing the risk that the network fractures between them." - Aaron Van Wirdum
Today's read is from Aaron Van Wirdum at Bitcoin Magazine, an excellent writer who has so many brilliant breakdowns of the technical and historical elements of Bitcoin. Taproot is SO close, but there is a final debate, a final hurdle to tackle before we get to see it activated on the network, and that’s over how and when to turn on the switch.
LOT=true or LOT=false? This is the Last Hurdle Before Taproot Activation:
https://bitcoinmagazine.com/technical/lottrue-or-lotfalse-this-is-the-last-hurdle-before-taproot-activation
Check out the Bitcoin Audible Page for Aaron & his collection of amazing work:
https://bitcoinaudible.com/?page_id=5204
Today’s Bitcoin Resource:
mempool.space
A huge thank you to our amazing sponsors:
LVL.co - The first Free, no-fee exchange & Bitcoin banking services! (guyswann.com/lvl)
SwanBitcoin - The #1 place to setup your automatic Bitcoin savings plan! (SwanBitcoin.com/guy)
BitBox - Minimal, user friendly, secure, Swiss made, open source, hardware wallet (guyswann.com/BitBox)
Final thanks to Bitcoin Magazine and the LTBNetwork for being such an incredible source of signal to the Bitcoin ecosystem! letstalkbitcoin.com
"The most egregious falsehood regarding economic health that is nonetheless widely believed is surely that we ought to measure it by the magnitude of goods and services consumed. This is dangerous nonsense." - Allen Farrington
How is it that we found ourselves in such a disastrous and unstable financial situation across the entire country, and even the entire world? How has the economic system been overtaken by exploiters, over consumption, and waste while completely lost touch with sustainable, thoughtful production and value? Laying out the whole picture in today's article, we have the audio version of Allen Farrington's "The Capital Strip Mine."
Check out the original article and drop some applause at the link below:
The Capital Strip Mine:
https://allenfarrington.medium.com/the-capital-strip-mine-ec627e9fe40a
Other articles mentioned in today's Guy's Take:
Bitcoin is the Great Definancialization:
https://bitcoinaudible.com/?p=5554
Today’s Bitcoin Resource:
https://bitcoinerjobs.co/
A huge thank you to our amazing sponsors:
SwanBitcoin - The #1 place to setup your automatic Bitcoin savings plan! (SwanBitcoin.com/guy)
BitBox - Minimal, user friendly, secure, Swiss made, open source, hardware wallet (guyswann.com/BitBox)
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"The Internet’s protocol (transmission control protocol/Internet protocol, or TCP/IP) doesn’t offer “services.” It doesn’t make decisions about content. It doesn’t distinguish between photos and text, video and audio. It doesn’t have a list of approved applications. It doesn’t even distinguish between client and server, user and host, or individual versus corporation. Every IP address is an equal peer." - Andreas M. Antonopolous
Today we hit a great and classic essay by Andreas on the amazing FEE.org that hits on a key way to think about decentralized network, and a critical part of why they will innovate orders of magnitude more quickly than their centralized counterparts. The difference between "smart" networks and "dumb" networks, and why the dumb will also conquer. Bitcoin is the internet of money, and on read #500, hear Andreas explain why.
Check out the original article at the link below:
https://fee.org/articles/decentralization-why-dumb-networks-are-better/
Other great pieces mentioned in today's show, along with the thread that includes numerous others for further journey down the rabbit hole:
Lightning Enables Unicast Transactions in Bitcoin:
https://bitcoinaudible.com/?p=347
On Schelling Points, Network Effects, & Lindy:
https://bitcoinaudible.com/?p=4504
Anil's Amazing thread with 20 fundamental essay for understanding Bitcoin:
https://twitter.com/anilsaidso/status/1290758632238276609?s=20
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"If the US Dollar really was to reach an uncontrollable level of inflation, a last move by the Fed may be to do this same trade on a Federal level by printing dollars to acquire Bitcoins to stack on their balance sheet. Only time will tell." - William Clemente III
Today we read an excellent piece from bitrawr.com by William Clemente on the various feedback loops that could lead not only to the qualitative loss of trust in the fiat system, but a quantitative pull to earn a near risk-free position in the Bitcoin collateralized lending markets. Edited in part by Preston Pysh who has discussed this idea in greater depth, what happens when multiple feedback loops within the Bitcoin markets converge to make it an increasingly liquid, low risk, high yield asset? It creates a Bitcoin Black Hole.
The Bitcoin Black Hole Effect:
https://www.bitrawr.com/the-bitcoin-blackhole-effect
For other great articles and episode mentioned in this show, check out the links below:
Read 489 - The Cantillon Effect 2.0:
https://bitcoinaudible.com/?p=5678
Asset DNA - Speculative Attack:
https://bitcoinaudible.com/?p=5714
Bitcoin is the Great Definancialization:
https://bitcoinaudible.com/?p=5554
The MacroVoices episode on Interest Rates:
https://www.macrovoices.com/946-macrovoices-259-louis-vincent-gave-as-inflationista-as-they-come
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"So far, it seems that when governments try to ban or restrict Bitcoin, it ends up merely accelerating the adoption of the currency inside their countries. Governments that have failed miserably with their Wars on Drugs may find stopping people from holding something that’s invisible, borderless, and teleporting much more difficult." - Alex Gladstein
Today we read an amazing article from Quillette by returning author and brilliant Bitcoiner, Alex Gladstein. Can governments ban Bitcoin? Will they? Will this kill Bitcoin? Find out in an excellent walk through the many different potentialities of a government attack on Bitcoin, and why its likely that they all fail, or backfire in a major. Plus a 50 minute Guy's Take on all the reasons Alex is potentially right, & what we can draw from Bitcoin's history that informs this perspective.
Don't forget to check out the article below, and follow Alex on Twitter:
https://quillette.com/2021/02/21/can-governments-stop-bitcoin/
https://twitter.com/gladstein
For other great episode on this topic and others related to it mentioned in the show:
Bitcoin Cannot be Banned [Parker Lewis]:
https://bitcoinaudible.com/?p=3943
Bitcoin POW is a Decentralized Clock [Grisha]:
https://bitcoinaudible.com/?p=4728
An Unstoppable Force [Guy's Take]:
https://bitcoinaudible.com/?p=5450
The Sovereign Company Thesis [Ck Snarks]:
https://bitcoinaudible.com/?p=5521
A Lovely welcome back to SwanBitcoin as a supporter of BitcoinAudible. Making the best in Bitcoin available to listen while auto-buying Bitcoin at the same time! SwanBitcoin.com/guy
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"Peter Todd, a Bitcoin developer who has been around from the very beginning and even well before Bitcoin was released and Guy Swann who bought his first Bitcoin on Mt. Gox in early 2011, join us to dive into Bitcoin's fascinating history."
Today we get into a recent fun episode on Swan Signal where we take a little walk through Bitcoin's history. For those new to Bitcoin this is a great discussion to get an idea of how we got to where we are, and the reason behind it.
Connect with Peter Todd:
https://twitter.com/peterktodd
https://petertodd.org
Connect with Brady Swenson:
https://twitter.com/CitizenBitcoin
https://citizenbitcoin.world/
Connect with Swan on social media:
Twitter: https://twitter.com/SwanBitcoin
Telegram: https://t.me/swansignal
"Does anybody really believe that, having fully understood the choice they face, any individual would choose to save in a self-referentially mispriced toxic loan rather than a provably sound digital bearer asset? Or, more simply still, that they will think it makes less sense to hold money that is a pure asset than money that is literally defined as a liability? Why not opt into a financial system that is built on trustless verifiability rather than unverifiable trust?" - Allen Farrington
Today's amazing read simply needs to be listened to. Bitcoin is Venice, a continuation of the Wittgenstein's Money series from Allen F. Don't forget to follow Allen on Twitter & Medium.
Check out the original article below to drop applause and check out Allen's other amazing work:
https://allenfarrington.medium.com/bitcoin-is-venice-8414dda42070
Audio for his other recent piece, Wittgenstein's Money (And other article mentioned in the show) can be found below:
https://bitcoinaudible.com/?p=5659
Follow up to Wittgenstein's Money - Guy's Take #40:
https://bitcoinaudible.com/?p=5661
Bitcoin is Worse is Better:
https://bitcoinaudible.com/?p=3491
Walking Tall - Guy's Take #36:
https://bitcoinaudible.com/?p=4933
Hayek's Use of Knowledge in Society:
https://bitcoinaudible.com/?p=2902
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“When we begin to value things in bitcoin, we can find their legitimate value, as bitcoin is the most legitimately-valued money. There are no manipulations of supply, or buybacks, or quantitative easing or laws protecting value — only direct valuation.” - Casey
Bitcoin may appear volatile, but how does it make sense to measure the volatility of an asset with extremely stable & predictable supply, in an asset who’s supply is horrifically volatile & unpredictable? What happens when we turn that image on its head, and start pricing the world in Bitcoin, the hardest monetary asset in the world? Today’s episode is all about it, with Casey’s Bitcoin Magazine article: “Stocks Don’t Truly Discover Price, Bitcoin Fixes This.”
Check out the original article by Casey and so much more at Bitcoin Magazine with the link below:
https://bitcoinmagazine.com/articles/stocks-dont-truly-discover-price-bitcoin-fixes-this
Huge thank you to the LTBNetwork & Bitcoin Magazine for being such an incredible resource for the Bitcoin ecosystem!
letstalkbitcoin.com
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“The annual issuance rate with all those annotations kind of looks like it was drawn by a Bitcoiner making fun of Ethereum, but instead that’s from an Ethereum source. Various Ethereum Improvement Proposals or “EIPs” by developers have changed its monetary policy over time as needed for various reasons.” - Lyn Alden
Lyn Alden always brings a clear, investor centered perspective to the space which I highly value. With no “crypto” or Bitcoin baggage she takes a rational view of digital assets from their long term investment potential. In today’s piece, let’s find out what she sees in “An Economic Analysis of Ethereum.”
Check out the original article below:
https://www.lynalden.com/ethereum-analysis/
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"Supplying liquidity is an investment, and we need to treat it accordingly. Like lending money or buying stock, investors commit capital for a period and expect a return that increases over time." - Roy Sheinfeld
Now that we are entering Chapter 2 of Bitcoin where the free and open network begins to act as a backbone for financial infrastructure made possible by the Lightning network and global Bitcoin liquidity, we dive into the economics of Lightning with the Breez Technology CEO, Roy Sheinfeld. Is inbound liquidity really a "problem," or is it a new market dynamic that will drive an entire industry? Find out in today's awesome article...
Lightning Economics: How I Learned to Stop Worrying and Love Inbound Liquidity
https://medium.com/breez-technology/lightning-economics-how-i-learned-to-stop-worrying-and-love-inbound-liquidity-511d05aa8b8b
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"if the representation of reality in this article is correct, the highest and best use of a dollar of debt may simply be to buy bitcoin. Many more individuals and entities will leverage this asymmetry for personal gain into the future." - Croesus
With increased attention on the Bitcoin price and the speculative attack by Michael Saylor himself having paid off so extraordinarily well, its time to revisit the concept with an article by Croesus_BTC at Bitcoin Magazine. Its not merely something that might occur, or just a fun thought experiment, its in the very DNA of these assets. Borrowing dollars in a manipulated, low interest environment, may find its most productive and valuable use in simply buying Bitcoin.
Check out the great visuals and the many other excellent articles at Bitcoin Magazine below:
https://bitcoinmagazine.com/articles/asset-dna-explaining-bitcoins-speculative-attack-on-the-dollar
Buy Bitcoin using SwanBitcoin.com/guy to start your own automatic savings plan, get your first $10 free after setting it up, AND support the podcast!
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"In Chapter 1 we reached millions. In Chapter 2 we're going to reach billions and we're going to do it quickly. And Chapter 2 starts right now." - Ross Stevens
We are entering a phase of Bitcoin where it becomes accepted as a global store of value asset by large institutions and corporations around the world. Yet simultaneously, we are reaching a point where Bitcoin is also being recognized and utilized as a global, open source, and highly liquid monetary *network.* Chapter 2 isn't merely about Bitcoin being used to store and protect value, but about Lightning, and the ability to instantly send money and swap it with any currency anywhere in the world.
Inspired by a tweet from Ryan Gentry with an excerpt from Ross Stevens conversation with Michael Saylor... find out just how much Bitcoin is about to shake the world in today's guy's take episode! Check out the relevant tweet from Ryan:
https://twitter.com/RyanTheGentry/status/1357487814645067789
The other episode mentioned at the beginning of the show to check out:
Stone Ridge Letter:
https://bitcoinaudible.com/?p=5598
Lightning as a Retail Payment System:
https://bitcoinaudible.com/?p=4567
Buy Bitcoin using SwanBitcoin.com/guy to start your own automatic savings plan, get your first $10 free after setting it up, AND support the podcast!
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"I believe Bitcoin is one hell of an invention. To have invented a new type of money via a system that is programmed into a computer and that has worked for around 10 years and is rapidly gaining popularity as both a type of money and a storehold of wealth is an amazing accomplishment." - Ray Dalio
We read a great piece by Ray Dalio to get his thoughts, concerns, & criticisms of Bitcoin as well as Guy's Take trying to answer those criticisms and making sense of the mental model that will better make sense of these monetary technologies. Rather than trust the sound bites and the tweets, let's hear exactly what Ray has to say.
What I Really Think About Bitcoin:
https://www.linkedin.com/pulse/what-i-really-think-bitcoin-ray-dalio
Dont forget to check out the episode I mentioned in the commentary on Schelling Points, Network Effects, & Lindy:
https://bitcoinaudible.com/?p=4504
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"Perhaps one of the great ironies of the future will be the Solcoin alliance between urbane Terrans and hillbilly belters." - Dhruv Bansal
Continuing our awesome walk through Dhruv's excellent Bitcoin Astronomy series we hit Part 2 today! What does a Type II blockchain look like when we scale to a Type II society? What time scales do they operate on, and what horizons will they enable us to conquer? Can multiple blockchains resonate with each other, or is one doomed to collapse into another? You ahve to listen to find out!
Check out the original article plus the incredible amount of other great writing at the Unchained Capital Blog:
https://unchained-capital.com/blog/bitcoin-astronomy-part-ii/
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Preparing for the Second Part of Dhruv's incredible series, today we have a reboot of Part 1!
Equal parts entertaining & intellectually intriguing, we start with Part 1 of Dhruv Bansal's wonderful piece, Bitcoin Astronomy! The interplanetary center of hash, the Law of Hash Horizons, the Muskcoin Revolution, retaliation of the Bitcoin Empire, and the total economic devastation of the Hash Bomb! How could you not want to know more?
Another one from the excellent content over at the Unchained Capital Blog:
https://www.unchained-capital.com/blog/law-of-hash-horizons/
Stack sats automatically and get $10 free to start with my referral link:
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"People aren’t trading bitcoin, they’re accumulating more and more of it over time and holding it long term (aka, “stacking sats“). This is evident not only through the raw on-chain data and exchange flows, but also through consumer behavior." - Abhay Aluri
We aren't in the same world, nor the same phase of Bitcoin as we were in 2017. This bull run seems not to be fueled by retail speculation and wall street gamblers, but instead its entering a phase where its a truly legitimized, investment grade asset that is being used as a first layer money to hedge against the infrastructure of the financial system, as well as against the increasing volatility and devaluation seen across all fiat currency. Another great article from Bitcoin Magazine, by author Abhay Aluri, "Bitcoin 2017 v 2021: How This Bull Run is Different."
Check out the original article at the length below:
https://bitcoinmagazine.com/articles/bitcoin-2017-vs-2021-how-this-bull-run-is-different
Don't forget to check out the other articles by Abhay linked in this piece:
https://ryze.substack.com/p/bitcoin-as-the-ultimate-insurance
https://ryze.substack.com/p/money-printing-inflation-and-the
Stack sats automatically and get $10 free to start with my referral link:
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Thanks to the amazing team over at BTCMedia and the LTBNetwork for sharing this show and don't forget to check out the Bitcoin2021 Conference and get your tickets if you haven't yet!! It's gonna be LiT!
https://b.tc/conference
Curious to know what the recent clown show of GameStop and r/WallStreetBets was all about? Well we get into it in today's rant about the phenomenal arrogance and outright manipulation of the major players in Wall Street after retail investors made them cry. There is nothing that could more perfectly demonstrate the reality that average Joe's only have freedom when they are losing, but when they make a win at the expense of billionaire hedge funds, you can bet your ass the stocks will be delisted, accounts will be frozen, positions will be closed for no reason, the SEC will investigate "manipulation" from the retail investors, & the big dogs will do everything they can to prevent from paying the bill.
GameStop was just the battle, Bitcoin is the War. This shit has got to stop.
Links related to discussion in the show:
Naked Shorting:
https://www.investopedia.com/terms/n/nakedshorting.asp
The "In a Nutshell" Explanation:
https://twitter.com/GarbyJooman3/status/1354617711914061827
https://twitter.com/_jimmykelly/status/1354600999835607041/photo/1
SEC Investigating *Reddit Users*:
https://pbs.twimg.com/media/Es2aHJbUYAMgvTy?format=jpg&name=4096x4096
The Passion of WallStreetBets:
https://twitter.com/denverbitcoin/status/1354227501304852492
Ja Rule:
https://twitter.com/jarule/status/1354812123080138759
Robinhood ClassAction Lawsuit:
https://lawandcrime.com/lawsuit/robinhood-trading-app-has-already-been-sued-for-manipulating-the-open-market-by-restricting-trades-on-reddit-driven-stocks/
Insider Trading is Legal, Outsider Trading will be Punished:
https://twitter.com/AgoristView/status/1354277645324869633
https://www.reddit.com/r/wallstreetbets/comments/l79x17/it_runs_very_deep_my_friends/
Big Guys need to "Recalibrate":
https://www.reddit.com/r/wallstreetbets/comments/l747eg/citadel_reloaded_their_shorts_before_they_told/
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“Because of Nakamoto’s deliberate actions and Bitcoin’s permissionless, free & open-source nature, bitcoin is the first truly neutral money. Bitcoin eliminates the inherent unfairness that comes with all previous monies as well as any need to trust a third party in order to use Bitcoin.” - CK & Deniz Saat
The inherent problem with our monetary system is a systemic & inescapable unfairness. Bitcoin is provably, the fairest money that has ever existed. If you actually believe in equality, that everyone should play by the same rules, then there is no defensibility of our current money. For justice & equality, Bitcoin isn’t just a better option, its the only option.
Today’s amazing read from Christian Keroles & Deniz Saat, another amazing Bitcoin Magazine piece:
“The Cantillon Effect 2.0 - Bitcoin is the World’s First Truly Fair Money”
https://bitcoinmagazine.com/articles/cantillon-effect-2-0-bitcoin-is-the-worlds-first-truly-fair-money
Another great episode was our recent reads, both from Bitcoin Magazine, first on “Winning Hearts and Minds for Bitcoin,” by Andy Edstrom & Peter McCormack:
https://anchor.fm/thecryptoconomy/episodes/Read_487---Winning-Hearts--Minds-for-Bitcoin-Andy-Edstrom--Peter-McCormack-ep6s5k
And then CK’s previous piece on the podcast, “The Sovereign Company Thesis”:
https://anchor.fm/thecryptoconomy/episodes/Read_475---The-Sovereign-Company-Thesis-Christian-Keroles-env68o
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And a final thanks to the amazing Bitcoin Magazine and LTBNetwork. The service these guys are doing for the Bitcoin space is incalculable!
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message"Any solution to the oracle problem, makes Bitcoin able to do anything that any other protocol out there can do." - Nadav Kohen
So much cool technology coming to Bitcoin! We dive into some of the most amazing new tools with Nadav Kohen of SuredBits. DLCs, Turing completeness, PTLCs, The future of Lightning and so much more! Don't miss this incredible Bitcoin Audible Chat
Follow Nadav on Social media:
https://twitter.com/nadav_kohen
Check out the SuredBits blog for breakdowns of all this incredible tech:
https://suredbits.com/
Specs on DLCs, dig in and check out all the possibilities:
https://zmnscpxj.github.io/bitcoin/unchained.html
Video diving into all the cool details & features behind PTLCs:
https://www.youtube.com/watch?v=w9o4v7Idjno&feature=youtu.be
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What the hell is everyone squealing about regarding this “critical flaw” and “confirmed double spend” on the Bitcoin network? Is this another 2013 bug, or a giant nothing burger? Guy dives into it on today’s episode and then gets into the follow-up to Wittgenstein’s Money, the amazing piece by Allen Farrington that we covered in the previous episode on the show. What is value, what is money, & what would it seem like if it did seem like a money was emerging from zero?
Don’t miss today’s Guy’s Take episode! Other great must watch/listen pieces discussed in this episode:
How I made a Toaster from Scratch
https://www.youtube.com/watch?v=5ODzO7Lz_pw
I, Pencil
https://bitcoinaudible.com/?p=1668
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"What would it seem like if it did seem like a global, digital, sound, open source, programmable money was monetizing from absolute zero?" - Allenf32
Today's piece is a remarkable and just fun article that dismisses defending Bitcoin against the static arguments that can't be money because it is too volatile to "store value," isn't a widely used "unit of account," & isn't used as a "medium of exchange," but rather it flips the perspective on its head. Instead of trying to prove that Bitcoin is or will be money, why don't we go back to the beginning and ask what it *would* look like, if a new digital money was being monetized from zero?
This is one of my favorite of recent episodes, and we will have an awesome Guy's Take on this soon, so don't forget to subscribe! Check out the original article and drop massive applause on this piece at Allen's medium page:
https://allenfarrington.medium.com/wittgensteins-money-7cac8d0635cf
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"In a world in which governments and companies continually encroach on personal liberties via surveillance and outright control, Bitcoin shines like a beacon of freedom." - Andy Edstrom & Peter McCormack
The anti-bitcoin narratives are going to flood in and have already started. We need to be ready for it, and that’s why this piece by Andy Edstrom & Peter McCormack is a required listen/read. How do we answer the Fed, how do we respond to the propaganda and the ignorance? Find out in another of Bitcoin Magazine’s incredible recent pieces title, “Winning Hearts & Minds for Bitcoin”
Check out the original at the link below, plus the incredible library of articles dropping every day at the link below:
https://bitcoinmagazine.com/articles/winning-hearts-and-minds-for-bitcoin
Mentioned at the beginning of the show is BtcMag’s page dedicated to everything busting the Energy FUD, keep it for quick reference:
https://bitcoinmagazine.com/tags/energy-consumption
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And a final thanks to the amazing Bitcoin Magazine and LTBNetwork. The service these guys are doing for the Bitcoin space is incalculable!
“Fiat money is a positivist money, a tool of governments pursuing a utopian vision. Bitcoin is a Natural Law money, a tool to protect individual liberty. Bitcoin is therefore the more moral money.” - Jimmy Song
There is the economic case, there is the individual sovereignty case, & there is an investment case for Bitcoin. But the deepest case to be made, & the one with the strongest argument, is the moral case. It’s not merely profits, sound economics, or the potential of future growth that make Bitcoin the proper investment, but the moral truths that make Bitcoin the only real option for a better future. Today we read Jimmy Song’s excellent piece from The Bitcoin Time Vol 3, “The Moral Case for Bitcoin.”
Don’t forget to check out and drop some applause on the article at Jimmy’s medium page below:
https://medium.com/the-bitcoin-times/the-moral-case-for-bitcoin-561ed592a464
A huge thanks as always to Aleks Svetski for putting together such an awesome publication & resource for the Bitcoin community.
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“From the beginning, Bitcoin has remained an open source and fully transparent project, and has the most organic growth trajectory of the industry. Given available information, the market has priced it as it sees fit, out in the open.” - Lyn Alden
Bitcoin is a Ponzi, say the detractors. Their arguments never seem anymore sophisticated, and sound increasingly desperate as Bitcoin continues to defy their view. Is there any truth to this? Well Lyn Alden decides to break it down for us, using a range from the most narrow, to the most broad view of a Ponzi, and lays out Bitcoin’s history, network effects, & open nature against it, to make the rather obvious case in hindsight, that Bitcoin, is indeed, Not a Ponzi scheme.
Check out the original for a few great graphics and charts to better visualize the argument, and to support/follow the work both of LynAlden, and the excellent Swan Bitcoin blog:
https://www.swanbitcoin.com/why-bitcoin-is-not-a-ponzi-scheme-point-by-point/
Support the show at GuySwann.com and start auto-buying your Bitcoin stack using the best service in the space! Get $10 FREE for signing up with my link and support the podcast at the same time:
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“As books became more accessible and affordable, individuals were now personally consuming, reflecting upon and critiquing written texts. It was an idea meritocracy. No longer was “truth” conferred solely by the ordained to the illiterate masses inside of churches.” - Anil
The Printing press was a revolution in the spread of information and communication, leading to the Renaissance and the age of Science & Reason. Bitcoin is a revolution in the dissemination & spread of real economic value. It will create a Renaissance that will dwarf that of the printing press.
Check out the original and follow the author at the links below:
https://bitcoinmagazine.com/articles/bitcoin-and-the-printing-press
https://twitter.com/anilsaidso
A huge thank you to the LTBNetwork for supporting this podcast and sharing it out with their amazing audience! And to Bitcoin Magazine for the incredible work they do in furthering education and new in the Bitcoin space.
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An excellent chat today with 2 brilliant, bullish, & amazing writers in the Bitcoin space. Andy Edstrom, author of "Why Buy Bitcoin," and Knut Svnaholm of "Sovereignty Through Mathematics" and "Independence Reimagined" join us today for a discussion on everything important with catching the new people coming to Bitcoin, the complications with solidifying ideas out and making them accessible, the feedback loops that will make Bitcoin a dominant macro-political force, & what we can expect from 2021. Dont miss Chat #55 with Knut & Andy.
FOLLOW Knut & Andy on Twitter so you don't miss their awesome content!
Knut Svanholm - https://twitter.com/knutsvanholm
Andy Edstrom - https://twitter.com/edstromandrew
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“Hard times make strong men, strong men create good times, good times create weak men, and weak men create hard times.” - Giacomo Zucco
Today's read is another amazing article from Vol 3 of The Bitcoin Times. This is such a cool concept taking an evolutionary and social pattern and applying it to technology and the history of the internet. Another brilliant piece for the archive and I had a blast with Guy’s Take section on this one, so don’t miss it.
Check out the original and the other amazing pieces from the Bitcoin Time Vols at the link below:
https://medium.com/the-bitcoin-times/bitcoin-and-the-hopf-cycle-of-the-internet-f351f1b7c1e3
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"Perhaps just in time, each U.S. citizen now has a choice. You can stay on the Fiat Standard, in which some people get to produce unlimited new units of money for free, just not you. Or opt in to the Bitcoin Standard, in which no one gets to do that, including you. With the option, now, of a monetary system governed by rules instead of rulers, on behalf of myself, my family, and the firms I’m responsible for leading, I’ve made my choice." - Ross L. Stevens
After about 100 requests to get it done and 2 days of recording, it's here. The Stone Ridge 2020 Shareholder Letter, that is a brilliantly thorough yet succinct breakdown of the value case for Bitcoin and how it fits into our highly volatile political and financial environments. Looking back on 2020 and what it may tell us about the years ahead.
Check out the original posted by Michael Saylor on the Microstrategy website below:
https://www.microstrategy.com/en/bitcoin/documents/stone-ridge-2020-shareholder-letter
Also great, which I listened to just before recording this piece, is the "What is water" speech by David Foster Wallace. Its a must listen:
https://www.youtube.com/watch?v=8CrOL-ydFMI
And of course our lovely sponsors for Bitcoin Audible:
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"We don’t need to reinvent the wheel. People play games because they are fun, not because they are on a blockchain." - Simon Cowell
As Bitcoin established a universal value transfer protocol for the internet, we are going to begin to see unique monetization, and also incentive models that simply weren't possible before. One area, that historically has had deep ties to monetary incentive, but lost it in the digital age... was gaming. Listen to today's excellent article from Bitcoin Magazine and author Simon Cowell for a fascinating look at a Lightning tool built by ZebeDee, and what it may mean for the future of gaming.
Check out the original article below:
https://bitcoinmagazine.com/articles/bitcoins-killer-application-skin-in-the-game
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Closing out our recent chat with Jim & Hari from the "What Do We Know" podcast we have Part 2 of the show digging all into wallets, keys, how to buy Bitcoin, the future potential, & why we are still so early!
Check out the What do We Know podcast with Jim & Hari and their other crazy topics they dig into by visiting the link below:
guyswann.com/wdwk
Check them out on Instagram at @podcastwdwk
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“Learn about Bitcoin. Learn why its importance is so much greater than the wealth it might create for you and your family. When you do, teach others. Their futures may depend on it.” - Jeff Booth
Finishing the amazing piece from the Bitcoin Times, Vol 3, Jeff Booth’s excellent article on the game theory when technological deflation meets the fiat inflationary machine. Don’t miss the awesome conclusion with Part 2 of “The Greatest Game.”
Check out the original article below, plus the other great works with The Bitcoin Times vol 3:
https://medium.com/the-bitcoin-times/the-greatest-game-b787ac3242b2
Check out Jeff Booth's excellent book if you haven't read it, The Price of Tomorrow:
The Price of Tomorrow
A huge Thank You to the Bitcoin Audible Sponsors:
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“You never change things by fighting the existing reality. To change something, build a new model that makes the existing model obsolete” - Buckminster Fuller
Today we are digging back into The Bitcoin Times Vol 3! Our read is a brilliant piece by Jeff Booth, author of The Price of Tomorrow, titled “The Greatest Game.” Paradigm shifts, why they are so hard to see, why capitalistic failure is a critical component, and how the old system compounds its own imbalances that make it unable to compete with the new challenger. A lens to view our changing world, this is not to be missed.
Don't forget to check out the original with that hilarious graph showing just how horribly off mark the CBO yield estimates have been for the past decade, plus the other great work from the author & The Bitcoin Times:
https://medium.com/the-bitcoin-times/the-greatest-game-b787ac3242b2
Check out Jeff Booth's excellent book if you haven't read it, The Price of Tomorrow:
The Price of Tomorrow
A huge Thank You to the Bitcoin Audible Sponsors:
Hexa Wallet - Mobile wallet, seedless, batching, custom fees, multiple accounts & more (guyswann.com/Hexa)
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Just after the announcement of the SEC lawsuit, a filing that is just full of scammy goodness, the ongoing delistings of XRP, & a massive crash in the price... what better time is there to dedicate a full episode of Shitcoin Insider to the glorious XRP?
Is Ripple a security? Is it a scam? Can it do anything it claims to do? Does anyone even use their product? Find out all this and more with Guy and his co-host, THE Shitcoin Insider returning for our conversation. The duo are joined today with yet another Insider, this one working in the industry and with a trove of Ripple knowledge. Find out everything you never knew you needed to know about Ripple, in today's Shitcoin Insider!
"After all, Bitcoin is just a tool, and it’s only revolutionary in so far as its unique attributes generate novel possibilities for action — that is to say, new behaviors." - John Vallis
Before continuing our ride through The Bitcoin Times, we have a fantastic piece from John Vallis as part of the End of Year 2020 series with Bitcoin Magazine. One of numerous excellent articles looking back on 2020 and what it brought to Bitcoin, and what Bitcoin brought to it. John Vallis gives us a perspective of the change that Bitcoin instills, after all its just a tool, what really makes a difference, and where the change truly lies, is in us.
Don't miss a wonderful piece on the human element of Bitcoin's societal revolution. Bullish on Bitcoiners:
https://bitcoinmagazine.com/articles/after-an-unforgettable-year-im-most-bullish-on-bitcoiners
A huge Thank You to the Bitcoin Audible Sponsors:
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We are in the midst of one of history's greatest financial bubbles, represented both in a global debt crisis, as well as a bloated, subsidized financial sector that is many times greater in size than it naturally should be. Rather than Bitcoin being the bubble that everyone claims it is, on the contrary, the financial system is a "greater fool" bubble, and Bitcoin is the pin.
Don't forget to check out the great reads that were mentioned and shed tons of light on today's take:
The Use of Knowledge in Society:
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_250---Use-of-Knowledge-in-Society-Part-1---F--A--Hayek-e43pfj/a-afr12i
The Fraying of the Petrodollar System:
Part 1 - https://anchor.fm/thecryptoconomy/episodes/Read_473---The-Fraying-of-the-Petrodollar-System---Part-1-Lyn-Alden-enrte3/a-a44sscd
Part 2 - https://anchor.fm/thecryptoconomy/episodes/Read_474---The-Fraying-of-the-Petrodollar-System---Part-2-Lyn-Alden-ente7q/a-a457ib8
Bitcoin is the Great Financialization:
https://anchor.fm/thecryptoconomy/episodes/Read_477---Bitcoin-is-the-Great-Definancialization-Parker-Lewis-eo62fl
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"The greatest trick that central banks ever pulled was convincing the world that individuals must perpetually take risk just to preserve value already created (and saved). It is insane, and the only practical solution is to find a better form of money which eliminates the negative asymmetry inherent to systemic currency debasement." - Parker Lewis
Let the Gradually, Then Suddenly series never die! Installment #17 comes to us in the 2020 edition of The Bitcoin Times. Parker Lewis hits it out of the park again with a piece detailing the process by which our monetary system has led to a massive, bloated, and over-financialized economy, forcing people to fight just to keep the value they already earned.
"Bitcoin is the Great Definancialization"
https://medium.com/the-bitcoin-times/bitcoin-is-the-great-definancialization-65b4c27a8371
Don't forget to check out the graphics in the piece above and drop some massive applause, also explore the other brilliant pieces in the newest edition of The Bitcoin Times.
https://sites.google.com/getamber.io/thebitcointimes/
A huge Thank You to the Bitcoin Audible Sponsors:
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"we should all take a moment to be deeply grateful for the introduction of an ark upon which we can board, and from which we can later rebuild.” - Aleks Svetski
The Bitcoin Times vol 3 has LANDED! We are getting into it with 7 incredible pieces, starting today with the froward from Aleks Svetski, "Bitcoin & the Legend of Prometheus." You aren't going to want to miss this week as we dive into tons of other great works by Parker Lewis, Jeff Booth, Giacomo Zucco, Erik Cason, & Jimmy Song.
Check out the original by Aleks Svetski at the link below to drop some applause:
https://medium.com/the-bitcoin-times/bitcoin-the-legend-of-prometheus-13170ca65ce0
A huge Thank You to the Bitcoin Audible Sponsors:
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Today we have a crazy fun show after getting to hang with Jim & Hari (and James)from the What Do We Know podcast! A couple of guys who just wanted to know WTF a Bitcoin was, and we get into all of it in a 2 hour marathon. This is part 1, with part 2 on the way.
Check out the What do We Know podcast with Jim & Hari and their other crazy topics they dig into by visiting the link below:
guyswann.com/wdwk
Check them out on Instagram at @podcastwdwk
A huge Thank You to the Bitcoin Audible Sponsors:
Hexa Wallet - Mobile wallet, seedless, batching, custom fees, multiple accounts & more (guyswann.com/Hexa)
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“GF’s out at a lesbian bar, BTC crashing WHY AM I HOLDING? I’LL TELL YOU WHY…” - GameKyuubi
The origins of the greatest meme in Bitcoin history.
For all the rest of the Bitcoin holidays, check out the calendar over at thecryptoconomy.com:
https://thecryptoconomy.com/calendar/
“Today, bitcoin is still an alternative treasury asset, but as larger and more powerful organizations begin to use Bitcoin directly, they will begin to tear away from the overreach of governments. This in and of itself will challenge the dynamics of governance and the nature of nation states as we currently know them." - Ck_snarks
We all know that Bitcoin creates sovereignty and protects the individual's right to own and use money without the permission of government. But everything it provides to the individual, it can provide to a company as well. With the BitMEX example giving us a taste of what could be, Christian Keroles takes us through a great, quick read on the sovereignty of business enterprise in a Bitcoin world, and how it fundamentally changes the dynamics of governance, and removes the power to shut down the capital of the world.
Check out the full article plus the tons of other great works at Bitcoin Magazine:
https://bitcoinmagazine.com/articles/the-sovereign-company-thesis
A huge Thank You to the Bitcoin Audible Sponsors:
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"As a decentralized and open source project, adopted by many programmers and proponents around the world, many intelligent people have dedicated their careers to Bitcoin. It’s hard to find a more voracious group of people than those in the Bitcoin community, and increasingly over time, Wall Street money has poured in as well." - Lyn Alden
Today we conclude the awesome piece from Lyn Alden breaking down the petrodollar system and get some time to explore just how entering Bitcoin into the field could change the path going forward. Does it become a niche asset that serves a small market for specific use cases, or does it become something much bigger? Listen to find out, we have got a marathon of one today, and you don't want to miss it.
Don't forget to explore the absolute treasure trove of graphs and data to accompany this piece, and obviously the other amazing work from Lyn Alden as well:
https://www.lynalden.com/fraying-petrodollar-system/#next
A huge Thank You to the Bitcoin Audible Sponsors:
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"Taking my view a step further, evidence shows that the global monetary system as currently structured is gradually re-aligning itself, and this fact will have important ramifications for investments over the long run." - Lyn Alden
We start today into another amazing piece from Lyn Alden that digs into the history, the cycles, the problems, the half solutions, and the long term consequences of our dollar based global monetary system. What led to its creation, how does it move in the macro environment, and are crack beginning to show that may have the world re-align to an entirely new system? Don't miss the first part of this amazing piece, "The Fraying of the Petrodollar System."
Find the plethora of charts and data to go along with it at the link below, plus the other amazing work from Lyn:
https://www.lynalden.com/fraying-petrodollar-system/#fraying
A huge Thank You to the Bitcoin Audible Sponsors:
Hexa Wallet - Mobile wallet, seedless, batching, custom fees, multiple accounts & more (guyswann.com/Hexa)
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LVL.co - The first Free, no-fee exchange & Bitcoin banking services!
"It's not that a government has the ability to ban Bitcoin from their country, I think it's closer to the opposite: A country only has the ability to ban itself from Bitcoin." - Guy Swann
Today we've got my speech from BitBlockBoom to close out the week. One I've been meaning to share for some time, and I think you guys will really enjoy it. If you prefer the video version, you can check it out at the link below.
Don't forget to check out our sponsors who make Bitcoin Audible possible:
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"For the reader who has become familiar with the operation of bitcoin, a good way to understand the operation of fiat is by drawing analogy to the operation of bitcoin using concepts like mining, nodes, balances, and proof of work. My aim is to explain the operation and engineering structure of the fiat monetary system and how it operates, in reality, away from the naive romanticism of governments and banks who have benefited from this system for a century." - Saifedean Ammous
Today we dig into Chapter 1 of the sequel to the seminal work in the Bitcoin ecosystem, The Fiat Standard. The book is being published on Saifedean.com chapter by chapter before its final release, and you can subscribe to get his courses and the other chapters as they release. But today we dig into the first chapter, the ideas, and a new mindset for examining the failures and successes of fiat money. This is not to be missed.
The Fiat Standard - Chapter 1:
https://saifedean.com/the-fiat-standard-chapter-1/
A huge Thank You to the Bitcoin Audible Sponsors:
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"My own prediction is that slow bleed has been accelerating and is only the first step. The second step will be speculative attacks that use bitcoins as a platform. The third and final step will be hyper-bitcoinization." - Pierre Rochard
We are entering a new phase of the Bitcoin game theory. What really happens when the hardest money in the world, encounters hundreds of weak, fiat currencies? What unfolds is a series of feedback loops that drive the bad money out of circulation, and leads to eventual "speculative attacks" on the weaker currencies particularly in conditions with high capital controls, falling reserves, and manipulated interest rates. All conditions that the modern world finds every way they look. Don't miss this amazing blast from the past by Pierre Rochard, predicting the very environment of 2020, back in 2014.
From the ever amazing Nakamoto Institute, Pierre's "Speculative Attack":
https://nakamotoinstitute.org/mempool/speculative-attack/
A huge thank you to the Bitcoin Audible Sponsors:
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“What Bitcoin is depends on its use as a means of storing and porting value, which in turn rests on secure titles to ownership of a scarce good.” - Jeffrey Tucker
It can be incredibly difficult to make sense of, and imagine the immense amount of value provided by the Bitcoin system. And so often we conflate the token itself, with the assurances it provides. Clearly they cannot be detached from one another, but what else is there that could explain how, after 10 months at a price of zero, Bitcoin finally achieved a positive valuation? What led to this moment, and does this break Mises's Regression Theorem, or does it actually meet the criteria laid out by the brilliant economist, almost a century later?
Find out in today's awesome read from author and editorial Director of Aier.org, Jeffrey Tucker:
https://www.aier.org/article/why-does-bitcoin-have-value/
A huge thank you to the Bitcoin Audible Sponsors:
Hexa Wallet - Mobile wallet, seedless, batching, custom fees, multiple accounts & more (guyswann.com/Hexa)
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"With his choice of words, Taaki had outed an elephant in the room. It was true, Nakamoto had enacted soft forks, but by late 2011, the network no longer operated as it did in those early days." - Aaron & Pete
Before the great block size wars of 2017, there was the first war of the Bitcoin protocol, that established the ideological divide, and ask the question that would infamy get its answer on Bitcoin’s Independence Day in 2017. Another excellent Bitcoin Magazine piece from authors, Pete Rizzo & Aaron Van Wirdum: “The Untold Story of the First Bitcoin War”
Check out the Original article for tons of referenced conversations and sources, plus the other excellent stuff by both articles and Bitcoin Magazine:
https://bitcoinmagazine.com/articles/the-battle-for-p2sh-the-untold-story-of-the-first-bitcoin-war
A huge thank you to the Bitcoin Audible Sponsors:
Hexa Wallet - Mobile wallet, seedless, batching, custom fees, multiple accounts & more (guyswann.com/Hexa)
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LVL.co - The first Free, no-fee exchange & Bitcoin banking services!
And lastly a huge thank you to BTCMedia and the LTBNetwork for the amazing resource they've been to the Bitcoin space!
“Bitcoin is a battle ground to restore freedom, truth, and virtue in the world.” - Robert Breedlove
Another excellent piece from Breedlove, this time on the SwanBitcoin blog. The very purpose of money and civilization is to abate the entropy and chaos of the natural world. It is to protect ourselves from an uncertain future. Central banks are institutions that confiscate that production and safety for themselves and the political apparatus, and pour entropy into our lives and economic realities.
Bitcoin will realign the incentives, it will protect the people and entrepreneurs from the evils of inflation, and it will finally right the ship. Today’s read by Robert Breedlove, “Bitcoin is Hope.”
Check out the tons of additional links and ways to follow Breedlove and support his work by going to the link, as well as some great quotes and artwork that accompany this piece:
https://www.swanbitcoin.com/bitcoin-is-hope
Thank you sponsors!
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The Cosmic Deep Dive Course! 21% off with code "guyswann"! This is not a sponsorship, just a great way to learn about Bitcoin from incredibly knowledgable people in this space.
"But there is something even more interesting that happens with mining and electricity. Not only does Bitcoin mining add revenue to existing locations of energy production, but it also makes other previously unprofitable energy sources profitable." - Rollo McFloogle
A Guest post from both a patron to the show and host of the Rollo & Slappy Show, we dive into a Bitcoin Magazine piece by Rollo McFloogle. Often when you talk about Bitcoin as a future money, people attack back with the claim that it "doesn't work without electricity!" This is obviously true, but exactly how much should this matter to us, and what is the risk to the Bitcoin network really? Maybe they are just an idiot, like Grum... hear all about it in today's article, "Bitcoin Does Not Rely on Utilities."
Full article and other great stuff at Bitcoin Magazine:
https://bitcoinmagazine.com/articles/you-dont-have-to-worry-about-bitcoins-reliance-on-utilities
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The Cosmic Deep Dive Course! 21% off with code "guyswann"! This is not a sponsorship, but just a great way to learn about Bitcoin from incredibly knowledgable people in this space.
Had an excellent chat with the CEO of ShiftCrypto yesterday all about building Bitcoin hardware, the security trade offs, and creating secure tools for a world where security is both foreign and a distant after thought. How does Bitcoin change our digital environment, and the way we think about security? Dont miss this and much more in today's chat!
Follow the founders, Douglas Bakkum & Jonas Schnelli on Twitter. And stay up on the company and what they are building at the link below:
https://twitter.com/ShiftCryptoHQ
If you want to get your BitBox hardware wallet, check them out at guyswann.com/bitbox
And a huge thanks to both of our sponsors, ShiftCrypto for today's awesome conversation, and Hexa Wallet for supporting the podcast and bringing the best in Bitcoin to everyone who doesn't have the time to read!
"And replacing gold is just the start. Bitcoin isn’t just a better gold; because of its programmability, it’s a platform that will host the future of money. It will disintermediate many core functions in finance." - James O'Beirne
For those new to Bitcoin, this is a great, short introduction to why the next year could be a massive shift, and why we don't want friends and family to miss it, for not having heard from those in the space. Unsolicited financial advise is always uncomfortable, but saying nothing at all might be even more so. Check out James O'Beirne's excellent piece to friends & family... "A Note on Bitcoin"
The original has many links to other works and content, services mentioned, charts showing the relationships, & lots of other useful info below:
https://docs.google.com/document/d/1Vx8EMBrOE7hkXKeyQBiIyCKb7TOzn1AEUaxn4dfuU1I/
Other great content:
Bitcoin For Safety:
https://jameso.be/2019/08/24/bitcoin-is-for-this.html
7 Misconceptions of Bitcoin (by Lyn Alden):
https://anchor.fm/thecryptoconomy/episodes/Read_462---7-Misconceptions-About-Bitcoin-Lyn-Alden-emdgou
Inventing Bitcoin (book by Yan Pritzker):
https://www.audible.com/pd/B087C59TS7/?source_code=AUDFPWS0223189MWU-BK-ACX0-192596&ref=acx_bty_BK_ACX0_192596_pd_us
Chat with Michael Saylor:
https://anchor.fm/thecryptoconomy/episodes/Chat-47---Magic-Gold-with-Michael-Saylor-ejrbld
Thank you sponsors!
Hexa Wallet - Mobile wallet, seedless, batching, custom fees, multiple accounts & more (guyswann.com/Hexa)
BitBox - Minimal, user friendly, secure, Swiss made, open source, hardware wallet (guyswann.com/BitBox)
The Cosmic Deep Dive Course! 21% off with code "guyswann"! This is not a sponsorship, just a great way to learn about Bitcoin from incredibly knowledgable people in this space.
Other great wallets & Services that Guy uses:
SwanBitcoin.com/guy - for buying & holding Bitcoin long term ($10 in BTC for FREE)
Green Wallet (by Blockstream) - Another simple mobile wallet
Breez Wallet - Lightning wallet for Android + iOS, cheap & instant transactions
Sphinx Chat - Encrypted chat and streaming sats! Join the Bitcoin Audionauts Tribe!
Cash App - Great place to buy Bitcoin easily on mobile
Fold App - Great way to get % Bitcoin back on all the things you already buy!
Want to hear all of the bullish cases for Bitcoin? Protection for pensions, the fiscal cliff we are speeding toward, capital movement for the wealthy, a safe haven for corporate treasuries, a dominant millennial investment vehicle, & so much more. Bitcoin has so many feedback mechanisms to increase its value, to make it a globally significant asset for every demographic, & potentially to fulfill the role as a new global reserve. All while having a perfectly inelastic supply. The only thing that can adjust, is the price.
Today's episode is a fantastic thread from Brandon Quittem for some Thanksgiving Day moon juice!
https://twitter.com/Bquittem/status/1327732566191976452
Other episodes & article mentioned in today's Guy's Take section:
A Bold American Future:
https://bitcoinaudible.com/?p=3901
The Promise of Independent Property Rights:
https://bitcoinaudible.com/?p=2556
Guy's Take - The Dominos are Falling:
https://bitcoinaudible.com/?p=4634
Guy's Take - The Next Domino...
https://bitcoinaudible.com/?p=4883
Magic Gold with Michael Saylor:
https://bitcoinaudible.com/?p=4758
Check out our amazing sponsors below for a veritable suite of Bitcoin storage solutions: Hexa wallet is an excellent and versatile mobile storage, with a clever seedless backup, multiple accounts, batching & more. Find out more at GuySwann.com/hexa. Then for a simple, sleek, swiss made, & secure hardware wallet solution for your cold storage, check out the BitBox02! GuySwann.com/BitBox
The inventor of podcasting, the Podfather himself Adam Curry, joins us today for an incredible chat about Bitcoin and re-decentralizing cyberspace. The Great Reset, centralized platforms, censorship, surveillance, a destruction of freedoms, a new technology, fixing the money, a rebirth of purpose, and the Great Awakening.
Check out the amazing things they are building at the links below:
https://podcastindex.org
https://podcasterwallet.com/
https://newpodcastapps.com/
And be sure to join his Tribe, my own at the Bitcoin Audionauts, and the other on the Sphinx Chat app.
tribes.sphinx.chat
A huge thanks to our awesome sponsors! Hexa Wallet for an excellent, feature-rich mobile Bitcoin wallet. It brings multiple accounts and built in transaction batching so you can send Bitcoin to your lightning wallet, a friend, and to your cold storage all at once to save on fees! guyswann.com/hexa
...And for your cold storage we have the excellent BitBox02 from ShiftCrypto. A simple, Swiss made, open source, secure hardware wallet that makes it super easy to have secure, reliable cold storage savings for the long term Bitcoin holder. guyswann.com/bitbox
"All you can do with Bitcoin once you buy it is sell it, but you need somebody else to buy it from you." - Peter Schiff
James Woods shared a tweet with what is, in the end, a generally rational skepticism and common initial impression of Bitcoin. From an article at Fox Business, that based its argument on a few quotes from the king and queen of Bitcoin trolls, Peter Schiff and Nouriel Roubini. "You can't do anything with it but sell it," they claim, "its a huge scam and pump and dump" they added. As a Bitcoiner I would obviously argue this is completely false, but its not easy at first to see why, and it takes a huge amount of history, and close scrutiny to see the bigger picture.
That's why in this episode, I hope to answer the article, and maybe shed some light on why its views are wrong. Maybe James will listen to it, maybe not, but hopefully some skeptic out there can find value in hearing answers to very common, but ultimately very wrong views as to what Bitcoin is.
Todays episode, I get into all of it, with "Dear James Woods."
The tweet and article in question:
https://twitter.com/RealJamesWoods/status/1329513077654528002?s=20
As mentioned, a brilliant and extensive series hitting so many of these concepts in far greater detail, by the amazing author Parker Lewis, is the Gradually, Then Suddenly, series. The playlist of the full series can be found at the link below:
https://open.spotify.com/playlist/4NRn7e8FbNtoCLSigf8GV4?si=0ezq3gTvS8CAKMmxYdhA1w
A huge thanks to our awesome sponsors! Hexa Wallet for an excellent, feature-rich mobile Bitcoin wallet. It brings multiple accounts and built in transaction batching so you can send Bitcoin to your lightning wallet, a friend, and to your cold storage all at once to save on fees! Hexawallet.io
...And for your cold storage we have the excellent BitBox02 from ShiftCrypto. A simple, Swiss made, open source, secure hardware wallet that makes it super easy to have secure, reliable cold storage savings for the long term Bitcoin holder. guyswann.com/bitbox
Check them out and let them know I sent you!
“Taproot will unlock a new range of possibilities for Bitcoin, improving privacy and expanding smart contract possibilities”
The code has been merged, the client is on the way, and it's time for the miners and community to bring this to the next step. Led by the mining pool "Poolin," they and others are reaching out to other major pools to get confirmation on support for the soft fork upgrade, and how they would like to see it activated. With various options, risks, and time horizons, this is the beginning of finding a standard for the client release where taproot is finally brought to the Bitcoin network. Today's read is another great piece from Bitcoin Magazine author Aaron Van Wirdum breaking it all down. Listen to find out.
Check out the original and stay up to date with the remarkable resource over at BitcoinMagazine.com:
https://bitcoinmagazine.com/articles/poolin-launches-initiative-to-activate-taproot-encouraging-other-mining-pools-to-join
To dive deeper into Taproot, what it is, and what it enables, check out a previous article from Aaron explaining the whole picture:
Taproot is Coming:
https://bitcoinaudible.com/?p=3435
And thank you to our amazing sponsors for Bitcoin Audible!
• For an awesome mobile wallet be sure to check out our sponsor, Hexa Wallet at guyswann.com/hexa
• And for a simple, secure, open source hardware wallet, BitBox is the way to go by ShiftCrypto. Check it at guyswann.com/bitbox
Satoshi Bless the incredible LTBNetwork and the resource they've built for Bitcoiners for so many years!
letstalkbitcoin.com
"It takes two nudges to convert a nocoiner. The vast majority of people got their very first nudge in 2017. These people are now primed for that second nudge, which is coming in roaring." - Eric Wall
The new bull market is coming in hot, but it feels very different from previous cycles. What is it exactly? Can we see it in the data? Is this another FOMO, retail speculative buy in? Or is this something bigger? Listen to today's read from the Arcane Research blog of "Eric's November Thoughts" about what the foundations of this bull run are, and why this time, might actually be a little different.
Check out the original and follow Eric at the links below:
https://research.arcane.no/blog/erics-november-thoughts
https://twitter.com/ercwl
And for the excellently bullish thread covered during the Guy's Take section, check it out below:
https://twitter.com/AnthonyDessauer/status/1328552929083621377?s=20
• For an awesome mobile wallet be sure to check out our sponsor, Hexa Wallet at guyswann.com/hexa
• And for a simple, secure, open source hardware wallet, BitBox is the way to go by ShiftCrypto. Check it at guyswann.com/bitbox
Today's chat is with the brilliant and always entertaining Aleks Svetski (https://twitter.com/AleksSvetski). On the state of the world, our turbulent future ahead, and getting trapped in the empty pursuit of happiness while losing sight of the deeper search for meaning. We had no agenda for this show and just went deep into whatever felt right with this one. Not to be missed.
Check out Aleks, his incredible writing, his great service for purchasing Bitcoin, and his no-nonsense tweets:
https://twitter.com/AleksSvetski
https://twitter.com/TheAmberApp
And a huge thanks to our awesome sponsors! Hexa Wallet for an excellent, feature-rich mobile Bitcoin wallet. It brings multiple accounts and built in transaction batching so you can send Bitcoin to your lightning wallet, a friend, and to your cold storage all at once to save on fees! Hexawallet.io
...And for your cold storage we have the excellent BitBox02 from ShiftCrypto. A simple, swiss made, open source, secure hardware wallet that makes it super easy to have secure, reliable cold storage savings for the long term Bitcoin holder. guyswann.com/bitbox
Check them out and let them know I sent you!
"Bitcoin is more easily verifiable than gold, in terms of being a reserve asset and being used as collateral. It’s more frictionless to transfer than gold, and has a hard-capped supply. And I like gold too; I’ve been long it since 2018, and still am." - Lyn Alden
With so many new eyes on Bitcoin, there are a large number of questions that the typical outsider has. Lyn Alden, in this excellent piece, breaks down the major misconceptions around Bitcoin and why she is bullish for 2021.
For the many charts and graphics that accompany the arguments laid out in this piece, check out the original, plus the tons of other great analysis on her blog at the link: https://www.lynalden.com/misconceptions-about-bitcoin/
Places to Buy Bitcoin:
SwanBitcoin.com/Guy
SwanBitcoin.com/Alden
Cash App
River Financial
Bull Bitcoin
Coinfloor
And a big thanks to our sponsor Hexa Wallet for supporting the Audible of the Bitcoin space!
What does having savings, & the incentives reestablished by sound money, do to a person's *character?* How does it change who we are when we have something that we know is ours, and frees us of dependence on another human being? With a short read of a Bank Ad from many decades ago that shows an entirely different view of money and savings, we dig into how money affects us on a different level.
Shout out to Marty Bent who I think is responsible for sharing out this ad and therefore my stumbling upon it.
A huge thank you to our sponsor for the show, Hexa Wallet! Bringing an excellent mobile wallet packed with features to the everyday user. Check them out at Hexawallet.io or on Twitter at twitter.com/hexawallet
And if you aren't auto-stacking sats yet then you HAVE to get started! We are entering into a serious bull run and the only and best way to save in Bitcoin is to stack every single day, week, month etc that you can to eliminate all the noise and grow your savings reliably and automatically. Get $10 free at Swanbitcoin.com/guy
"The logical construct behind the dissection of today’s evils is actually very simple: money is broken; fix the money, fix the world." - Thibaud Marechal
The systemic imbalances of our monetary system are far deeper than most realize. It is the very foundation of our consumerist culture, its the course of our bloated, corrupt financial industry, it props up the impossible size of the advertising giants and surveillance capitalism, it creates a monetary premium on goods that should be valued by their productive capacity or actual use, & it betrays the very people who need money most to be a stable, wealth preserving tool. Fix the Money; Fix the world. Another brilliant article at BitcoinMagazine.com and by returning author Thibaud Marechal on the poisonous consequences of a broken money system.
Check out the original below as well as his many other excellent pieces available to read:
https://bitcoinmagazine.com/articles/when-bitcoin-melts-the-system-prosperity-steps-in
A huge thank you to our sponsor for the show, Hexa Wallet! Bringing an excellent mobile wallet packed with features to the everyday user. Check them out at Hexawallet.io or on Twitter at twitter.com/hexawallet
A thanks to the LTBNetwork for sharing out this show to their amazing audience and bringing so much quality content to the Bitcoin space!
"If any of these forks had meaningfully gained ground relative to Bitcoin, the critics would have had a point. What’s the point of a monetary network which is undergoing a constant state of fragmentation?" - Nic Carter
Another great article from Nic and this one is right in line with the second episode of Shitcoin Insider, also now available for a deep dive into the sad state of Bitcoin forks! They said it would dilute Bitcoin, they claimed it would prove Bitcoin was, in fact, not scarce, but as infinite as any digital database that can be replicated over and over again. But what came of the forks? Did they really dilute the value and core attributes of the Bitocin network? Nic lays it all out in another excellent article at Coindesk.com. Don't miss it!
Check out the original to find Nic's other works and numerous great graphics and charts to illustrate his argument:
https://www.coindesk.com/bitcoin-trounces-bch-bsv-fork-wannabes
The mempool is nearly empty again! Now is the perfect time to explore a new wallet, find the best software to hold your own keys, and begin experimenting with Lightning! Start with an excellent mobile wallet with built in batching to save yourself a lot of future headache. Hexa Wallet is the only one out there, and has so many great features to explore. Check it out at hexawallet.io
"One can use a “brainwallet”. Refugees need to carry nothing with them, all they would need to do is remember a Bitcoin wallet passphrase. Funds, potentially millions of US dollars, can therefore be effectively stored inside of one’s mind." - Bitmex research
What is a bran wallet and what exactly are the risks and benefits of trying to store Bitcoin in your mind? Is it so simple as generating a key from your favorite quote? Or could this just be a recipe for disaster? In a time where it is more important than ever to hold your own keys and prepare yourself for the raging bull, Bitmex Research brings us a timely article about the security and concerns of storing Bitcoin in your brain?
Check out the phenomenal amount of research at the Bitmex blog:
https://blog.bitmex.com/call-me-ishmael/
Don't forget to check out the awesome wallet by our sponsor Hexa Wallet! So many great features available to hold your own keys and protect yourself from loss in the case of disaster. Find them at Hexawallet.io
“Lightning Labs is positioning this release as a step toward an ecosystem of Lightning-based financial products, which it called “LiFi.” - Peter Chawaga
A new ecosystem has just begun. With Bitcoin native financial markets, Lightning Labs has released the beginning of an entirely new structure of Bitcoin finance with Lightning Pool Marketplace. An open, global, noncustodial auction for liquidity on the lightning network, and a novel way to execute contracts off-chain. This is the beginning of something big. Don’t miss this excellent article from Bitcoin Magazine and author Peter Chawaga. The future of lightning is coming into focus.
Check out the original at Bitcoin Magazine, and follow Peter Chawaga at the links below:
https://bitcoinmagazine.com/lightning-network
https://twitter.com/PeterChawaga
Much love to our sponsor, Hexa Wallet for supporting Bitcoin Audible and bringing the best in Bitcoin to audio for all those who don’t have the time to read it. Check them out at Hexawallet.io
"When governments play God, civilizations burn in Hell."
- Robert Breedlove
The 3 pillars of free markets all hinge on fair, honest, reliable money. Without it, monumental errors within the markets are unable to be corrected. By enforcing reliable, incorruptible rule of law, undeniable private property, through a system of verifiable sound money... Bitcoin is the capstone of free market innovation. Don't miss this incredible piece by Breedlove.
Check out the original article here and drop some massive applause:
https://breedlove22.medium.com/our-most-brilliant-idea-aced329f8941
If you want to support Breedlove's work, check out the many links below:
• Subscribe to my YouTube Channel: bit.ly/321Lzm0
• Follow me on Twitter: https://twitter.com/Breedlove22
• Stack sats with me, get $10 in free Bitcoin through this link: https://www.swanbitcoin.com/breedlove
• Journey with me as I write my first book: https://bit.ly/3aWITZ
• If you enjoyed this, please send sats: https://tippin.me/@Breedlove22
• Or, send sats via Lightning Network with Strike: https://strike.me/breedlove22
And Don't forget to check out our awesome sponsor, Hexa Wallet! A non-custodial, mobile wallet packed with great features. Check them out at the link below:
hexawallet.io
"I believe Bitcoiners have this in common. They recognize that they have undertaken a near-hopeless task. Creating a global, neutral, apolitical settlement medium and standard of value will not happen overnight. We have barely begun the project." - Nic Carter
Bitcoin represents a hope for a better future, and the longest time horizon in building a sustainable solution for the generations to come after us. Like the cathedrals that took centuries to build, those who labored placed bricks into the structure and toiled their lives knowing they they may never see the completion of their project, but that they were building something far bigger than themselves, that would last for centuries to come. Another brilliant piece from Nic Carter, Bitcoin at 12 years.
Hit the original below and drop some incredible applause on the article:
https://medium.com/@nic__carter/bitcoin-at-12-f6fce39cb9bb
Kudos to Hexa Wallet for the amazing update & as always a major thanks for supporting the show! Check out their amazing mobile wallet packed with features at Hexawallet.io
We may have just seen the beginnings of central banks entering the Bitcoin game theory. The game is about to get real.
Bitcoin has suddenly broken onto the political stage with the announcement that the Iranian Central Bank is officially purchasing Bitcoin from its licensed miners in order to use it to increase imports and get around the destructive US sanctions. Don't miss this Guy's take where we dig into this major development and exactly what it could mean.
Now is the time to hold your own keys! Get a hardware wallet, look into multisig, and get yourself a non-custodial mobile wallet. Our sponsor has a great one to check out, that's Hexa Wallet! A huge thanks to them for supporting Bitcoin Audible and keeping this show bringing the best in Bitcoin to your ears. Check them out at Hexawallet.io
Links to a few articles discussing this development:
https://elexonic.com/2020/10/30/bitcoin-miners-in-iran-have-a-new-buyer-the-central-bank/
https://www.trustnodes.com/2020/10/29/iran-changes-law-to-use-bitcoin-for-imports
"Individuals can opt-out of their local currency by joining the Bitcoin life raft. Protect purchasing power, rather than go down with the sinking ship that is their state." - Brandon Quittem
A fascinating journey through the concept of the Fourth Turning and analysis of the incredible times we live in. More will change in the next decade than in the previous 8 combined. We are entering a time where our old institutions are torn down and built anew. Do we devolve into collectivism and totalitarian rule? Or can we find a way to protect and fan the flames of individual liberty and sustain a prosperous future for the next generation. Listen to this excellent piece to find out!
Follow Brandon on Twitter if you haven't yet! And check out his page, the many great graphics on the article, & all the other great writing available on his site: https://www.brandonquittem.com/
Thanks Hexa Wallet for supporting the Audible of the Bitcoin space! Making all the best in Bitcoin accessible to everyone! https://twitter.com/HexaWallet
"If your local energy cost is effectively zero but you cannot sell your energy anywhere, the existence of a global buyer for energy is a godsend." - Nic Carter
What do all the "boiling oceans" alarmist miss about the nature & incentives of Bitcoin's energy consumption? Can we determine anything meaningful about Bitcoin's energy use by looking at the state of mining today, and the trends leading us into the future? Today we read a great piece from CoinDesk by the many times Bitcoin Audible author Nic Carter, on the fallacies of the general thinking, why Bitcoin gets picked on, & the simple thing the complainers could do to solve it.
Nic Carter's "The Last Word on Bitcoin's Energy Consumption":
https://www.coindesk.com/the-last-word-on-bitcoins-energy-consumption?amp=1
Other excellent pieces by Nic Carter available in audio:
A Most Peaceful Revolution:
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_293---A-Most-Peaceful-Revolution-Nic-Carter-e5bfpm
The Cat is Out of the Bag:
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_340---The-Cat-is-Out-of-the-Bag-Nic-Carter-ea6ffl
Don't Fear the Reaper:
https://anchor.fm/thecryptoconomy/episodes/Read_436---Dont-Fear-the-Reaper-Nic-Carter-ej3h3l
Unpacking Bitcoin's Assurances:
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_281---Unpacking-Bitcoins-Assurances-Nic-Carter-e4sn3r
If you would like to support the show & be a part of the anointed Satoshi's Audionauts, become a patron at Patreon.com/thecryptoconomy!
This show wouldn't be possible without all the incredible supporters of my work, and I cannot thank you guys enough!
And a thanks to Hexa Wallet for a great, non-custodial, seedless, multi-factor and multi-account mobile wallet that's great for a whole range of users, experienced and new to the space! Check them out at Hexawallet.io
"money printing only “works” if the majority of people don’t even realize that it is steadily devaluing their earnings and savings. People must be deceived into believing a false ideology about this practice, but that can only work for so long; as we’ve seen throughout history, bad money doesn’t last forever." - Nik Hoffman
What determines a good money and a bad money, and what exactly does it mean for a money to have value? A brief journey through the concepts that define a money, and the history that informs how and why money becomes a tool for lies and deception to the ultimate detriment of society. Are we doomed to forever repeat the past, or can Bitcoin solve this problem and close the book on monetary manipulation? Find out in today's Bitcoin Magazine article from author Nik Hoffman.
Check out the original at the link below to explore his other works, his monthly roundups, and of course follow Nik on Twitter:
https://bitcoinmagazine.com/articles/lies-deception-and-unnatural-money
Thanks to Hexa wallet for supporting Bitcoin Audible. If you want an great, noncustodial wallet to hold your on keys, don't forget to check them out at hexawallet.io
"It had a big impact on May, who melded the "Other Plane" with "Galt's Gulch" from Ayn Rand's Atlas Shrugged, which was a safe haven for rational and productive people protected from government coercion and taxation by an invisible shield. Instead of the Colorado mountains, May's cyberspace Galt's Gulch would exist on the internet, with cryptography providing protective cover." - Jim Epstein
The argument between the "blockchain technology" and the "Bitcoin anarchists" happens to be a lot older than most know. Whether this is a technology that's outside the system, built to replace it, or one that is supposed to work within the system to make it faster and cheaper, can be traced all the way back to a debate between Eric Salin and crypto-anarchist Timothy C. May. What can the origins of the cypherpunk movement tell us about teh direction of Bitcoin today? Hear this amazing piece from Jim Epstein at Reason Magazine to find out!
Other great pieces to accompany this read:
The Truth About Smart Contracts by Jimmy Song
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_092---The-Truth-About-Smart-Contracts-e2ndrq
Bit Gold by Nick Szabo
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_275---Bit-Gold-Nick-Szabo-e4o0vp
Securing Property with Owner Authority by Nick Szabo
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_118---Securing-Property-with-Owner-Authority-e2ndqs
The Crypto Anarchist Manifesto by Tim May
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_300-----The-Crypto-Anarchist-Manifesto-Timothy-C--May-e5p7j4
For a great and feature rich mobile, non-custodial Bitcoin wallet, our awesome supporter of Bitcoin Audible HexaWallet is where its at! Now in beta, you can get the wallet on the app store or at the link below. Fell free to ask any questions and feedback is hugely appreciated.
hexawallet.io
Bitcoin and the cryptographic systems that empower it, are not merely another new tech to make use of. They are a fundamental shift in the ability to defend value from organized violence. The impact on the world will be impossible to measure. We go deep down the rabbit hole in this excellent chat with Erik Cason, author of the cryptosovereignty.org blog.
Follow Erik on twitter, and check out his amazing pieces we've read on the podcast below:
https://twitter.com/Erikcason
The Political Theology of Bitcoin:
https://anchor.fm/thecryptoconomy/episodes/Read_398---The-Political-Theology-of-Bitcoin-Erik-Cason-eemvs1
Crypto, Truth, & Power:
https://anchor.fm/thecryptoconomy/episodes/Read_448---Crypto--Truth--Power-Erik-Cason-ekv73s
And don't forget to add me as a contact in your Hexa Wallet! Shoot me a DM on twitter or an email and I'll be happy to add you
A huge thank you to Hexa for supporting the podcast:
Hexawallet.io
"When compared to gold, real estate, stocks, bonds or "fine art" that act as stores of value for many individuals, bitcoin that is held in a multisig wallet is an obvious step-function improvement in many regards." - Marty Bent
Reading another short Bent from Marty on multisig and how its fundamentally a powerful tool for Bitcoin that isn't shared with any physical store of value. Guy gets into the concept of "deep" vs "shallow" protection in his take following the piece and how Bitcoin represents an order of magnitude improvement over the security & preservation of value. We should remember to tout multisig with more enthusiasm, its not "just another feature."
Check out the original and subscribe to Marty's Bent at the link below:
https://tftc.io/martys-bent/issue-848/
The tweet that inspired it all:
https://twitter.com/AdamTzag/status/1318244929592807425
For a multisig savings, don't forget to check out HexaWallet and their Savings account, multi-key setup, and clever key splitting backup system. Check out the beta wallet and feel free to ask any questions & add me as a contact!
hexawallet.io
Breez wallet makes some major announcements today with their first release candidate of the wallet into the wild. Bringing the dream of a fully non-custodial, user-friendly, super easy to use Lightning wallet for anyone coming into Bitcoin. So many new features to go over in this one and talking about the future of lightning and how we can close the UX hurdle. This is not to be missed. Follow Roy Sheinfeld and Breez on Twitter so you dont miss future announcements!
Check out the official announcement here, and of course download and start playing with the Breez Lightning wallet if you haven't yet!
https://medium.com/breez-technology/the-breez-release-candidate-getting-lightning-ready-for-the-global-takeover-b5d1f9756229
(for those who wanted to get the details on closing and reopening your channels - https://github.com/breez/breezmobile/wiki/How-to-close-Breez's-channels%3F)
Learn more about the Hodl HTLCs discussed in the commentary at the link below:
https://github.com/lightningnetwork/lnd/pull/4018
And don't forget to add me as a contact in your Hexa Wallet! Shoot me a DM on twitter or an email and I'll be happy to add you
A huge thank you to Hexa for supporting the podcast:
Hexawallet.io
A major step toward the next era of Bitcoin was made today. The code is final, and it is now in the Bitcoin codebase as of today. The next steps are an activation method, and a full client release for the network to begin the process of adding it to the global consensus.
But before that happens, let's talk about where we are today, what advantages Taproot can give us again, & what the future of Bitcoin, privacy, & Lightning are with this new tool at our disposal. Today's Guy's Take is all about Taproot, so let's get into it!
Want to check it out on Github and be a nerd?
https://github.com/bitcoin/bitcoin/pull/19953
For a deeper dive into Taproot check out Aaron Van Wirdum's piece digging into it on Bitcoin Magazine:
Taproot is Coming:
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_318---Taproot-is-Coming-Aaron-van-Wirdum-e8um0c
Much love to our many patrons making this show possible! If you want to join in with the crew, go to Patreon.com/thecryptoconomy and become a patron!
And another thank you to our sponsor, Hexa Wallet for keeping this show alaive, and for building one of the best mobile wallets out there. With tons of features to come, check it out at HexaWallet.io
"Value is a strange concept because while it is arguably very real, it is entirely subjective, and because of this there is no yardstick or kilogram to measure it against." - Knut Svanholm
Another from the amazing collection over at Citadel21.com, we dive even deeper down the rabbit hole with Knut's piece. What does it even mean to measure value with Bitcoin as our totem? What happens to prices in a perfectly finite monetary good? What would a future where the growth and productivity of the economy were captured by the money, rather than stolen by our money masters?
The world is going to be a very different place in a Bitcoin future. The right questions can help us see it, and it's something that we cannot unsee. So lets dig into Knut's work, "Deeper Down the Rabbit Hole"
https://www.citadel21.com/deeper-down-the-rabbit-hole
Check out the Hexa Wallet donation account at GuySwann.com/donate, and download the Hexa mobile wallet on the Google Play or Apple App store to start exploring the many awesome features. A huge thanks to them for supporting the podcast!
hexawallet.io
As the dominoes continue to fall, we chat with the owner of the amazing Tahini's restaurant on their journey to a Bitcoin Standard. Why Bitcoin? What led them to such a decision? How do they see the future risks and rewards going forward? What events of the past allowed them to see the true potential of this revolutionary new monetary system? All this and more in today's phenomenal chat with the man behind @TheRealTahinis
Follow them on twitter at the link below and if you are in the area, what the hell are you eating shite food for!? Go to Tahini's, get some real food, and talk about Bitcoin.
https://twitter.com/TheRealTahinis
Love to all of our amazing supporters, the patrons who always keep this show going, and our awesome sponsor @Hexawallet! Follow them on Twitter and check out their awesome mobile wallet with tons of great features. Find my Hexa Donation Account at GuySwann.com/Donate or setup your own right in the wallet in barely a few seconds!
Check them out on the app store or at the link below:
hexawallet.io
“I believe that Satoshi Nakamoto, Whoever he/she/it/them is/was, was first and foremost a strategist of the cypherpunk traditions. This is extremely important because we need to understand the motivational ideology was not one of any sort of state capitalist nature, or idiotic wealth fantasies of lambos and other childish bullshit, but an explicit crypto-anarchist one.” - Erik Cason
Cryptography was, before anything else, a weapon of war.
How can this perspective inform the type of revolution Bitcoin truly enables? As a re-codification of the relations of power between the state and the individual, what does a system like Bitcoin do to the world? When authority is replaced by truth, as the source of legitimacy, nothing in the world will remain unchanged.
The original article by Erik Cason and the fascinating blog where he covers tons of other topics just like this:
http://cryptosovereignty.org/crypto-truth-power/
https://twitter.com/Erikcason
Cypherpunks Write Code (part 1):
https://www.youtube.com/watch?v=YWh6Yzr12iQ&t=0s
Check out Hexa Wallet's new feature, the "Donation Account" with a web front end to share with others! Check out what it looks like at GuySwann.com/donate and of course feel free to donate if you want to support the show. But setup your own to take donations for your project/content/mission or whatever! Get the wallet at HexaWallet.io
There's been a bit of Bad News. The canary doesn't seem to be moving, and its time that we take our situation seriously. As Bitcoin becomes both more mature and finds its way back into a bull market, we can also expect a sharp increase in regulatory and governmental attention. The powers that be, the surveillance state, and the control that the financial institutions have acquired will not be lost without a fight.
Bitcoin is disrupting some of the most influential institutions on the planet. They are unlikely to sit by while we divest from their control & take back our sovereignty and privacy. Today's Guy's Take is inspired by Marty's Bent #839 and recent developments in the regulatory & legal worlds around the treatment of Bitcoin. It could be very important to not miss this one.
Read Marty's Bent below, as well as the ocean of clever, funny, insightful, & cosmic thoughts that Marty drops every day:
https://tftc.io/martys-bent/issue-839/
Check out Pseu's Conversation with Ben Carman on privacy and his favorite mobile wallet mentioned in the show:
https://open.spotify.com/episode/6duVzPWqeMorpuBhXdkWPW?si=GW-jL260Sru2lxUaiGQpCA
Dig into the details of the Travel Rule yourself starting with the link below:
https://www.fincen.gov/resources/statutes-regulations/guidance/funds-travel-regulations-questions-answers
And definitely follow NoBullshitBitcoin for a Bitcoin feed with only solid news, development, and new tools and no BS!
https://twitter.com/nobsbitcoin
Thanks to everyone who supports the podcast and of course the awesome team over at Hexa Wallet! Don't forget to download Hexa either from your favorite App Store or by visiting their site below:
Hexawallet.io
And for an awesome resource I have used for years, to learn everything about the history, the logic, the principles, & the Austrian economics that you can't learn in public school, check out Liberty Classroom from Tom Wood's! An excellent resource that I can't recommend enough.
https://libertyclassroom.com/dap/a/?a=32379
"So the next time somebody says that “shitcoin X” is faster than Bitcoin or claims that Bitcoin is slow, show them the criteria that truly count in a decentralized network." - Vlad Costea
Did you hear that any 1 of 1000s of altcoins was "way faster" than Bitcoin? Have you ever wondered what that means or what exactly they are faster at? Vlad breaks it all down. How shitcoins aren't fast, even close to as fast actually as Bitcoin. Bitcoin isn't slow, its highly secure!
Check out the original post at Bitcoin-Takeover.com and check out Vlad's Bitcoin Takeover podcast for many other great takes like this:
https://bitcoin-takeover.com/bitcoin-is-not-slow-its-highly-secure/
Much love to Hexa Wallet for supporting the show as well as my lovely patrons!
Hexawallet.io
"Battles in the money market aren’t about incremental technology features, but fundamental monetary properties. Bitcoin is a pragmatic monetary evolution, which contrasts with shitcoin issuers misrepresenting a delusional technology revolution." - Thibaud Marechal
Another great piece on the incentives and misunderstanding of the shitcoin mindset. It isn't a technological revolution, it is fundamentally a monetary one! Thibaud breaks it down amazingly in this piece and Guy gets into some history of the shitcoin term and how so many projects have the entirely wrong understanding of the value in this revolution. Don't miss another excellent one from Bitcoin Magazine
Original Article: https://bitcoinmagazine.com/articles/the-great-plague-of-shitcoinery
A huge thanks as always to Hexa Wallet! Don't forget to shoot me a message if you want to add me as a contact or use me as a part of your backup. Happy to assist! Check them out at Hexawallet.io
Some of the great articles mentioned in this episode to expand on these ideas:
Bitcoin is Worse is Better - https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_327---Bitcoin-is-Worse-is-Better-gwern-e9e9iv
Bitcoin & Software Reliability - https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_254---Bitcoin--Software-Reliability-beautyon_-e46lnu
On Schelling Points, Network Effects, & Lindy - https://anchor.fm/thecryptoconomy/episodes/Read_417---On-Schelling-Points--Network-Effects---Lindy-Willem-Van-Den-Bergh-eghjp4
And dont forget to check out our new show all about Shitcoinery! Shitcoin Insider is where we dig through all the crap so that you don't have to! XD
What are rights and can Bitcoin enable us to make better sense of them?
It is very common to hear that education is a "right," that healthcare, a fair salary, etc are all "rights" that we can demand of others and are entitled to. Can this be the case? How do they conflict with the more basic rights of the control over our own lives, our right to choose, and the rights to our bodies? Can we simply declare that the things we want or need are rights and this means we can have as much of it as we would like?
We get into all of it in today's Guy' Take on human rights and how Bitcoin provides an excellent test case for why universal rights are necessary for both a communications and political network to succeed.
A great piece mentioned on the show to dig further into these ideas:
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_225---Bitcoin--the-Promise-of-Independent-Property-Rights-Hasu--Su-Zhu-e3j6b8
Were you ever just deathly curious about what Defi really is? What is going on behind the scenes of the token wrapped token printing yield machines? Or what the mindset of the shitcoiner really is, and what they think they are building? Don't miss the flagship episode of our new show SHITCOIN INSIDER!
Don't forget to subscribe to Shitcoin Insider if you want more and let me know on Twitter is you enjoyed it and want us to dig further.
And to support my work and learn all about the history and economics that you couldn't learn in school, check out the amazing Liberty Classroom! Find it at GuySwann.com/liberty
Are we on the verge of a new revolution in personal computing? Matt Hill and the team at Start9Labs believes we are, and are helping to build our path through it to a brighter future. How do we re-decentralize the internet? By what means can we break the censored, centralized, surveilled "cloud" into a thousand encrypted, distributed, and private pieces? That is the mission at the heart of Start9Labs. Don't miss this awesome discussion to learn more.
If you want to explore what Matt and the team are building, go to Start9Labs.com and/or follow them on Twitter to stay up to date on the project
https://twitter.com/start9labs
https://start9labs.com/
Don't forget about the discount code "BitcoinAudible" for the 7th Annual Hackers Congress! Visit https://digital-totality.hcpp.cz/ to learn all about the awesome speakers and fascinating workshops and topics covered for a full weekend at the true cypherpunk conference.
A huge thank you to our supporters! Our patrons for being awesome and keeping this project alive, and of course HexaWallet for supporting the show and helping to build excellent tools for our Bitcoin future. Don't forget to check out the Hexa wallet on the App store or find out more at HexaWallet.io
"Contrary to what the critics would have you believe with all of their scary language about fraud and risk, when I send an on-chain Bitcoin transaction to you, it will get to you, no matter what. There is no point of censorship, seizure, or control." - Alex Gladstein
A great throw back from Alex Gladstein where he makes a response to the old and tired criticisms of Bitcoin. Is it stupid to think we would want to hold our own passwords to our money, or it is a revolutionary new tool in the global quest for human rights and individual freedom? A great response for the next time you come across and ignorant critic, who needs a dose of truth.
Check out the original below! Drop some applause and see his other articles on Medium:
https://medium.com/@alexgladstein/a-human-rights-activists-response-to-bitcoin-critics-d50e6760ee80
You can always his the book he helped author all about Bitcoin and the impact it could have on the world, available in paperback and in audiobook read by yours truly at the link below:
https://www.amazon.com/Little-Bitcoin-Book-Matters-Finances/dp/1641990503/ref=sr_1_3?dchild=1&keywords=little+Bitcoin+book&qid=1601337759&sr=8-3
And of course a huge thanks to Hexa for supporting the podcast, and our wonderful patrons! Check out Hexa below:
Hexawallet.io
"I am talking about the inability to confront shortcomings with layers of the system. The inability to confront substantial threats or attack surfaces that are not being worked on in terms of creating solutions and defenses." - Shinobi
Being bullish is tons of fun, and getting cosmic about the impact & world shattering implications of Bitcoin is even more so... but sometimes we need to take a sober step back, and remember that this is just code at the end of the day. It is a network, with trade offs, limitations, and many problems to overcome. A great piece from Shinobi (@brian_trollz) taking a hard look at Lightning, mining, and Bitcoin's censorship resistance as it stands today, and reminding us to stay focused on the problems, not get lost in our dreams of the future.
Check out the original and drop some applause at the link below:
https://medium.com/block-digest-mempool/things-bitcoiners-dont-want-to-hear-33823c2e984
A huge thank you to my Patrons, and of course Hexa Wallet for supporting the podcast! This is only possible with your support, and it is massively appreciated. Don't forget to download and check out Hexa if you haven't yet. A Bitcoin-only, non-custodial, seedless, mobile wallet with tons of cool features. Find them at Hexawallet.io or on Twitter at @HexaWallet
“Some concepts are essential, removing them because you want a better UX might turn out to be fatal.” - Gigi
En excellent piece from SwanBitcoin blog today by the one and only Gigi. Thoughts on the trade-offs, the previous leaps that have been made, and the distance still to go on the problem of Bitcoin’s user experience. Plus, Guy talks about what it was like using Bitcoin in the “good ol’ days” before seed phrases and deterministic wallets.
Check out the crazy images of the early internet and links to check out more in the original article below:
https://www.swanbitcoin.com/on-bitcoins-ux
Don’t forget to follow Gigi on social media for more awesome work:
https://twitter.com/dergigi
Check out today’s sponsor! Download the Hexa Wallet at the link below or on the Google or Apple App stores.
Hexawallet.io
Other great tools mentioned in this episode to check out for the tinkerers out there!
Hexa Wallet
Casa Multisig wallet
Green Wallet
Strike
Breez Lightning
Pheonix Lightning
Caravan Multisig by Unchained
Lily Wallet
Umbrel
Lunanode
Cobo Vault
Foundation Passport
"DLCs are uniquely positioned to bring smart contracting to Bitcoin using oracle contracts that are much more private and scalable than previously thought possible." - Ben Carman
Ben Carman, a developer with the awesome team at SuredBits, drops a BitcoinMagazine article today laying out Discreet Log Contracts and how they can be an exciting new addition to the functionality and power of the Bitcoin system. Privacy, cost savings, and non participating oracles to real world events; DLCs bring a new layer to both decentralizing markets on Bitcoin & the Lightning network. Listen to today's episode to find out more!
Check out the SuredBits blog for tons of awesome work about DLCs and so many other great technologies being built on Bitcoin:
https://suredbits.com/category/discreet-log-contracts/
Find the original article and tons of other great works at BitcoinMagazine below. Stay up on new events and learn tons about Bitcoin!
https://bitcoinmagazine.com/articles/dlcs-are-on-bitcoin-bringing-new-functionality-and-major-potential
A thanks to today's sponsor Hexa Wallet and the killer wallet they are building! Seedless backups, built in batching, multisig savings, & more! Hit me up if you want to be one of my contacts!
http://hexawallet.io/
Lastly a big thanks to the LTBNetwork for sharing this out with their amazing audience! Check out the other awesome shows at LetsTalkBitcoin.com
Today we bring on Michael Saylor, CEO of MicroStrategy after they have announced a $425 million investment into Bitcoin. With a move to making Bitcoin their dominant treasury reserve asset, we talk all about fundamental shifts in technology, the innovation of Bitcoin as a monetary asset, the dematerialization of money, and the impact it will have on the future.
Don't forget to follow Michael on social media and check out his excellent book "The Mobile Wave" for some interesting thoughts on past technological shifts:
https://twitter.com/michael_saylor
https://www.amazon.com/Mobile-Wave-Intelligence-Change-Everything/dp/1593157207/ref=sr_1_1?dchild=1&keywords=the+mobile+wave&qid=1600459046&sr=8-1
Check out our sponsor for today's show and their awesome, new, feature-rich Bitcoin wallet
Website: Hexawallet.io
App Store: https://apps.apple.com/us/app/hexa-simple-bitcoin-wallet/id1490205837
Google Play: https://play.google.com/store/apps/details?id=io.hexawallet.hexa
"Instead of relying on accountants, regulators, and the government, Bitcoin relies on a global network of peers to enforce rules, shifting enforcement from manual, local, and inconsistent to automated, global, and predictable." - Yassine Elmandjra
Finishing out the great investment thesis on Bitcoin by Yassine from ARKinvest. Now the we have broken down the 4 critical economic assurances for prosperity and how the trust-based model has failed to deliver them... how does Bitcoin compare as a financial institution? Does it truly provide these assurances in a unique way, and how strong are they?
Today's read is the second half of Bitcoin: A Novel Economic Institution:
Link to the full paper - https://ark-invest.com/white-papers/bitcoin-part-one/
Get a head start on Part 2 by going to the ARKinvest site below:
https://ark-invest.com/white-papers/
Another great piece by Yassine covered on the show,
Winner Takes All, or Winner Takes Most? - https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_204---Winner-Takes-All--or-Winner-Takes-Most--Misir-Mahmudov--Yassine-Elmandjra-e30vht
"If one transaction can be censored and controlled, can’t all transactions be censored and controlled? Can’t the powers-that-be deprive participants of the ability to exchange value globally and freely?" - Yassine Elmandjra
Starting into the first half of a great investment thesis on Bitcoin by Yassine from ARKinvest. Digging into the core economic assurances of the financial system and how the legacy, trust based model of financial authority has failed in providing them. Where have they broken down, and what has fundamentally caused it? And how does it compare to the unique economic tool of Bitcoin?
Today's read, Bitcoin: A Novel Economic Institution [Part 1]
Link to the full paper - https://ark-invest.com/white-papers/bitcoin-part-one/
Another great piece by Yassine covered on the show,
Winner Takes All, or Winner Takes Most? - https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_204---Winner-Takes-All--or-Winner-Takes-Most--Misir-Mahmudov--Yassine-Elmandjra-e30vht
And Hasu's excellent piece,
Promise of Independent Property Rights - https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_225---Bitcoin--the-Promise-of-Independent-Property-Rights-Hasu--Su-Zhu-e3j6b8
"Most Cypherpunk veterans on the Cryptography mailing list had by then seen one too many electronic cash experiments come and go, without any real successes to account for..."
"But Hal Finney, ever the optimist, wasn’t ready to give up." - Aaron Van Wirdum
Another in the amazing "Genesis Files" series from Bitcoin Magazine, Aaron walks us through the history and the legacy of Hal Finney. From the introduction to the cypherpunks list, to the implementation of RPOW, all the way to Hal "running Bitcoin." Another excellent installment. If you want to learn more about the history of the cypherpunks and the forefathers of the Bitcoin system, the Genesis files is not to be missed.
Link to the original, with the other installments linked below:
https://bitcoinmagazine.com/articles/the-genesis-files-how-hal-finneys-quest-for-digital-cash-led-to-rpow-and-more
Genesis Files: Chaum's eCash
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_058---The-Genesis-Files-How-David-Chaum-Spawned-a-Cypherpunk-Dream-e2ndsp
Genesis Files: Wei Dai's B-Money
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_107---If-Bitcoin-Had-a-First-Draft--Wei-Dais-B-Money-Was-It-Aaron-Van-Wirdum-e2ndra
Genesis Files: Adam Back's Hashcash
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_095---The-Genesis-Files-Hashcash-or-How-Adam-Back-Designed-Bitcoins-Motor-Block-e2ndrl
Genesis Files: Szabo's BitGold
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_111---Genesis-Files---With-Bit-Gold--Nick-Szabo-Was-Inches-From-BTC--Aaron-Van-Wirdum-e2ndr5
Hal's Bitcoin & Me:
https://anchor.fm/thecryptoconomy/episodes/Hals-Day---Bitcoin--Me-reboot-eiq0gl
A huge thanks to Bitcoin Magazine and the Let's Talk Bitcoin Network!
In a world drowning in patent trolls, insane intellectual property restrictions, and a reality where someone who neither can build a product, nor came up with the idea, could make millions by suing those who wish to use it... how can we protect an open source ethos in the Bitcoin and cryptocurrency space? How do we defend an alternative financial system from the intellectual prisons of the legacy system it is replacing?
Another major initiative is bringing us one step closer to that future thanks to Square, the owner of Cash App. Behind major donations to developers, even those who are anonymous, a new move to protect individual developers, projects, and even major companies from the turbulent environment of patent aggressors has been launched. We dig into COPA and the need for continuing the open source ethos of Bitcoin in today's Guy's Take episode!
What are the morality & ethics of Intellectual Property? Check out my recent conversation with the one and only Stephan Kinsella:
https://anchor.fm/thecryptoconomy/episodes/Chat-46---Stephan-Kinsella-on-Intellectual-Property-in-the-age-of-Bitcoin-ej9fto
An old, but great article from Bitcoin Magazine about previous troubles in the patent arena & Blockstream's previous work in defending the market:
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_020---There-is-a-Bitcoin-Patent-War-Going-On-e2ndu8
And of course learn about or join the "Crypto Open Patent Alliance" if you are building a project or want to know more at the link below:
open-patent.org
"This explanation rests on illustrating a few interesting properties of how Proof-of-Work is used in the blockchain that are not immediately obvious and sometimes are rather counter-intuitive, for example how participants collectively solve a problem without ever communicating." - grisha
While we incessantly focus on the side-effects of the proof-of-work system in Bitcoin, the security it attributes to the Bitcoin history, the incentive structure it enables, etc, we can often forget the reason Satoshi himself stated for its use: to enable a distributed timestamp server. i.e. a decentralized clock.
An epic piece from @humblehack posted back in January 2018 on his blog at grisha.org. Check out the original and many other works at the link below:
https://grisha.org/blog/2018/01/23/explaining-proof-of-work/
Other great reads to dig further into the concepts:
The Drunkard's Walk: https://amzn.to/2Mzzr2K
Fooled By Randomness: https://www.amazon.com/Fooled-Randomness-Hidden-Markets-Incerto/dp/0812975219/ref=sr_1_1?dchild=1&keywords=fooled+by+randomness&qid=1599781258&s=books&sr=1-1
Bitcoin Astronomy: https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_303---Bitcoin-Astronomy-Part-1---Dhruv-Bansal-e6eqo5
Thanks to Marty & Chris from TFTC for bringing this to my attention again:
Episode 188: https://anchor.fm/tales-from-the-crypt/episodes/188-Chris-Bendiksen-ein7nj
"The project was initially understood as yet another doomed attempt to construct a digital currency by the disillusioned cypherpunk community. And without anyone’s permission, Bitcoin slowly emerged and diligently grew to become adopted by a small group of computer researchers, cryptographers and engineers curious to decipher the technology." - Thibaud Marechal
Another great article at Bitcoin Magazine on the history of the internet, and how Bitcoin finally fulfills the ultimate vision of a monetary protocol native to the world wide web. After decades of failed attempts, we finally have an independent, decentralized, native language for communicating, verifying, and exchanging value in cyberspace. A new world is born.
The original article and a bunch of other great piece can be found at Bitcoin Magazine below:
https://bitcoinmagazine.com/articles/a-monetary-layer-for-the-internet
Links to other episodes and works mentioned in today's show:
Guy's Take - The Internet is Too Complex to Work
https://anchor.fm/thecryptoconomy/episodes/GuysTake_008---The-Lightning-of-my-TCP--or-How-the-Internet-is-Too-Complex-to-Work-e32omd
The Bitcoin Survivor's Book List:
https://thecryptoconomy.com/bitcoin-survivors-book-list/
Stack sats automatically in your DCA Bitcoin savings plan at SwanBitcoin.com/Guy and get $10 for FREE to start off!
Much love to the Let's Talk Bitcoin Network for sharing this show out with their audience, and the other excellent shows they produce for the Bitcoin space!
Unabridged, Uninterrupted, & unmatched. Parker Lewis's most recent installment of the "Gradually, Then Suddenly" series.
Read the original and check out the data accompanying the piece at the Unchained Capital Blog below:
https://unchained-capital.com/blog/bitcoin-is-one-for-all/
Check out the entire Gradually, Then Suddenly playlist on Spotify here:
https://open.spotify.com/playlist/4NRn7e8FbNtoCLSigf8GV4?si=RnrAdkrSTmmMrh6rECxrbg
If you would like to sponsor or support this podcast and the work of Guy Swann, contact us at [email protected] or become a patron at Patreon.com/thecryptoconomy!
"I was just amazed when Bitcoin emerged, and I'm like 'I think someone finally cracked this and figured it out,' it's ingenious right?" - @NKinsella
Stephan Kinsella joins us today for a fascinating discussion on the morality and concept of property in the digital age. Is it possible to own Bitcoin? Do we legally own it, or are we simply the ones in control via the rules of the Bitcoin system?
Follow Stephan Kinsella for more excellent Austrian knowledge and brilliant takes on social media by his twitter profile (https://twitter.com/NSKinsella) and/or check out some of his other amazing work and appearances at Stephankinsella.com
Check out the extraordinary book that inspired this discussion available for free by the Mises Institute!
Against Intellectual Property: https://mises.org/library/against-intellectual-property-0
"Bitcoin’s supply schedule cannot change, because Bitcoin is the supply schedule. Any alteration produces something that is decidedly non-Bitcoin." - Nic Carter
Nic does it again with a great piece on the potential future where inflation is needed to "secure" Bitcoin in the post reward era. Will it still be Bitcoin? Can it be secured? Does it mean a change it baked in already? Find out in this excellent piece from Nic, "Don't Fear the Reaper!"
Drop some hella applause on the original at his medium page below:
https://medium.com/@nic__carter/dont-fear-the-reaper-8bbb42358efb
For some other great works mentioned in this episode, these are great further "readings" on the topic:
21 Million is Non-Negotiable:
https://anchor.fm/thecryptoconomy/episodes/Read_411---21-Million-is-Non-Negotiable-Phil-Geiger-eg6fbd
Unpacking Bitcoin's Social Contract:
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_198---Unpacking-Bitcoins-Social-Contract-Hasu-e2oct5
A Most Peaceful Revolution:
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_293---A-Most-Peaceful-Revolution-Nic-Carter-e5bfpm
If you want to support the show you can share it out with your friends, subscribe so you don't miss any of these amazing works and conversations, & of course become a Patron at Patreon.com/thecryptoconomy
"As we conclude our “Discovering Bitcoin” series, we will build on the use of digital signatures and of the CoinJoin paradigm to explore concepts of unique chronology, mining fees and off-chain transactions." - Giacomo Zucco
The conclusion of the amazing "Discovering Bitcoin" series, starting from cavemen and the very concept of hardness all the way to off-chain payments and the Lightning network! Listen to the entire series for the conceptual history of money, its virtualization, its corruption, its redesign, and the new paradigm we are now entering. A huge thanks to Giacomo for putting this together and to Bitcoin Magazine for having such awesome content to cover!
Check out the previous parts if you haven't yet!
Part 1 - About Time: https://anchor.fm/thecryptoconomy/episodes/Read_422---Discovering-Bitcoin---From-Cavemen-to-Lightning--Part-1-Giacomo-Zucco-ehdkrb
Part 2 - About People: https://anchor.fm/thecryptoconomy/episodes/Read_424---Discovering-Bitcoin-2---About-People-Giacomo-Zucco-ehgquv
Part 3 - Introducing Money: https://anchor.fm/thecryptoconomy/episodes/Read_426---Discovering-Bitcoin-3-Introducing-Money-Giacomo-Zucco-ehphre
Part 4 - A Wrong Turn: https://anchor.fm/thecryptoconomy/episodes/Read_428---Discovering-Bitcoin-4---A-Wrong-Turn--A-New-Plan-Giacomo-Zucco-ei2k64
Part 5 - Digital Scarcity: https://anchor.fm/thecryptoconomy/episodes/Read_429---Discovering-Bitcoin-5---Digital-Scarcity-Giacomo-Zucco-ei9ln3
Part 6 - Digital Contracts: https://anchor.fm/thecryptoconomy/episodes/Read_432---Discovering-Bitcoin-6---Digital-Contracts-Giacomo-Zucco-eil37c
Stack sats automatically in your DCA Bitcoin savings plan at SwanBitcoin.com/Guy and get $10 for FREE to start off!
Much love to the Let's Talk Bitcoin Network for sharing this show out with their audience, and the other excellent shows they produce for the Bitcoin space!
"The same is not true of the current monetary system. In the current structure, dollars can either be earned by delivering value to others within the economy, or conversely, if the Fed decides to hand out more money. And this happens quite frequently. Of all the dollars that exist today, over 80% have been created and allocated by the Fed since 2008" - Parker Lewis
The conclusion of Bitcoin is One for All, the latest installment of the Gradually, then Suddenly series by Parker Lewis. What is the true price setter in the economy? How is imbalance sustained for so long? What does the alternative look like? And will Bitcoin only benefit the rich, or is it one for all? Don't miss the rest of this amazing piece at Unchained-capital.com
Read the original and check out the data to visualize these effects and arguments at the link below:
https://unchained-capital.com/blog/bitcoin-is-one-for-all/
Check out the entire Gradually, Then Suddenly playlist on Spotify here:
https://open.spotify.com/playlist/4NRn7e8FbNtoCLSigf8GV4?si=RnrAdkrSTmmMrh6rECxrbg
And don't forget to secure your future with the lowest cost, automatic Bitcoin purchase savings plan at SwanBitcoin.com/guy - Plus get $10 in sats for FREE! Support the show, secure your future, and stack sats at Swanbitcoin.com
"By manipulating price levels, the Fed isn’t just preventing smaller intermittent fires from naturally running their course while creating larger fires down the road. Instead, think of the Fed’s actions as the arsonist that lights a fire, leaves through the back door in the middle of the night, and then is celebrated as the hero when it arrives through the front door to fight the fire with gasoline." - Parker Lewis
May the "Gradually, then Suddenly" series never stop!! Another fantastic piece from returning author Parker Lewis and the amazing Unchained Capital Blog. We read the first half of the latest in the series, "Bitcoin is One for All." The nature of prices, the nature of the Fed, the imbalances in the economy, the arsonist starting the fire, and the gasoline that makes the burn hot, fast, and impossible to stop. The very mandate of the Fed is antithetical to the nature of money. Find out why in this excellent new installment.
Read the original and check out the data to visualize these effects and arguments at the link below:
https://unchained-capital.com/blog/bitcoin-is-one-for-all/
Check out the entire Gradually, Then Suddenly playlist on Spotify here:
https://open.spotify.com/playlist/4NRn7e8FbNtoCLSigf8GV4?si=RnrAdkrSTmmMrh6rECxrbg
And don't forget to secure your future with the lowest cost, automatic Bitcoin purchase savings plan at SwanBitcoin.com/guy - Plus get $10 in sats for FREE! Support the show, secure your future, and stack sats at Swanbitcoin.com
"In Part 6 of this “Discovering Bitcoin” series, we will build on the idea of using digital puzzles as a way to reproduce scarcity, and on the importance of a supply-control mechanism to grant some hardness to digital money, to explore concepts of proving ownership through signatures and scripts, and the technique known as CoinJoin." - Giacomo Zucco
Find the original article and links to the other great reads in this series at Bitcoin Magazine:
https://bitcoinmagazine.com/articles/discovering-bitcoin-part-6-digital-contracts
Check out the previous parts if you haven't yet!
Part 1 - About Time: https://anchor.fm/thecryptoconomy/episodes/Read_422---Discovering-Bitcoin---From-Cavemen-to-Lightning--Part-1-Giacomo-Zucco-ehdkrb
Part 2 - About People: https://anchor.fm/thecryptoconomy/episodes/Read_424---Discovering-Bitcoin-2---About-People-Giacomo-Zucco-ehgquv
Part 3 - Introducing Money: https://anchor.fm/thecryptoconomy/episodes/Read_426---Discovering-Bitcoin-3-Introducing-Money-Giacomo-Zucco-ehphre
Part 4 - A Wrong Turn: https://anchor.fm/thecryptoconomy/episodes/Read_428---Discovering-Bitcoin-4---A-Wrong-Turn--A-New-Plan-Giacomo-Zucco-ei2k64
Part 5 - Digital Scarcity: https://anchor.fm/thecryptoconomy/episodes/Read_429---Discovering-Bitcoin-5---Digital-Scarcity-Giacomo-Zucco-ei9ln3
Stack sats automatically in your DCA Bitcoin savings plan at SwanBitcoin.com/Guy and get $10 for FREE to start off!
Much love to the Let's Talk Bitcoin Network for sharing this show out with their audience, and the other excellent shows they produce for the Bitcoin space!
"Money is a tool for trading human time. Central banks, the modern-era masters of money, wield this tool as a weapon to steal time and inflict wealth inequality. History shows us that the corruption of monetary systems leads to moral decay, social collapse, and slavery. As the temptation to manipulate money has always proven to be too strong for mankind to resist, the only antidote for this poison is an incorruptible money — Bitcoin."
- Robert Breedlove
This is the full, no commentary version of Breedlove's epic piece, "Masters & Slaves of Money." Find the link to his medium page and the original publication below:
https://medium.com/@breedlove22/masters-and-slaves-of-money-255ecc93404f
"We need to be able to disassociate from our identities to protect ourselves. We need the freedom to selectively reveal ourselves. We need the possibility to rally behind names, symbols, masks, and the ideas they represent — using transient identities and wearing masks ourselves if we have to. If identities are permanent and transparent, rebellion and revolution are impossible." - Gigi
A great piece from the epic blog over at Citadel21.com, by none other than Gigi, author of 21 Lessons. What is importance and impact of pseudonymity? Why should we be vigilant about the preservation of privacy in cyberspace? Find out in today's excellent read, "True Names Not Required"
Read the original and so many other great posts at Citadel21.com
No sponsor for today's show but you can always support the podcast by supporting your future with a Swan Bitcoin savings plan and using swanbitcoin.com/guy to start auto-buying Bitcoin every day, week, or month and stacking sats for your future.
You can always share the show out or drop some tips at Tippin.me/@thecryptoconomy
“ignorance or delusion is one of the three causes of our suffering (the other two are attachment and aversion). So when we are deluded about reality, we perpetuate suffering. When we are aware of reality as it is, we avoid suffering." - Reed Wommack
We read a piece today from the Swan Bitcoin blog that explores the very conceptual limits of infinity and how scarcity is integral to the very concept of reality. What doest his mean for our lives, for our happiness, and for the value we create? A Bitcoin Meditation.
Check out the original article and other great work and videos available at the Swan Signal blog:
https://www.swanbitcoin.com/accepting-scarcity-a-bitcoin-meditation
For another trip down the concepts of scarcity and time, a fantastic read is Misir Mahmudov's "This Book Will Save You Time" which you can find at the link below:
https://www.audible.com/pd/B08B77MR7F/?source_code=AUDFPWS0223189MWT-BK-ACX0-201657&ref=acx_bty_BK_ACX0_201657_rh_us
Stack sats automatically in your DCA Bitcoin savings plan at SwanBitcoin.com/Guy and get $10 for FREE to start off!
Continuing the excellent series of Discovering Bitcoin, moving into the digital age, we have lost the most fundamental element of our money, it's "hardness." By what means can we get it back? Can we make a scarce money in the digital world, that has no authority, no ruler? Can we restore the freedom of decentralized money? Find out about the brilliant use of difficult puzzles, to achieve digital hardness, in part #5 of Giacomo's excellent series, "Digital Scarcity."
Find the original article and links to the other great reads in this series at Bitcoin Magazine:
https://bitcoinmagazine.com/articles/discovering-bitcoin-part-5-digital-scarcity
Check out the previous parts if you haven't yet!
Part 1 - About Time: https://anchor.fm/thecryptoconomy/episodes/Read_422---Discovering-Bitcoin---From-Cavemen-to-Lightning--Part-1-Giacomo-Zucco-ehdkrb
Part 2 - About People: https://anchor.fm/thecryptoconomy/episodes/Read_424---Discovering-Bitcoin-2---About-People-Giacomo-Zucco-ehgquv
Part 3 - Introducing Money: https://anchor.fm/thecryptoconomy/episodes/Read_426---Discovering-Bitcoin-3-Introducing-Money-Giacomo-Zucco-ehphre
Part 4 - A Wrong Turn: https://anchor.fm/thecryptoconomy/episodes/Read_428---Discovering-Bitcoin-4---A-Wrong-Turn--A-New-Plan-Giacomo-Zucco-ei2k64
Stack sats automatically in your DCA Bitcoin savings plan at SwanBitcoin.com/Guy and get $10 for FREE to start off!
Much love to the Let's Talk Bitcoin Network for sharing this show out with their audience, and the other excellent shows they produce for the Bitcoin space!
“We find the global acceptance, brand recognition, ecosystem vitality, network dominance, architectural resilience, technical utility, and community ethos of Bitcoin to be persuasive evidence of its superiority as an asset class for those seeking a long-term store of value." - Michael Saylor
These are the words of the CEO of MicroStrategy, an enterprise analytics firm that has made a huge investment into Bitcoin, not truly as a speculative avenue, not as a small allocation in order to gain exposure to its potential upside, and protect from downside risk, and not as a means to provide a service for the industry or change their business strategy. They have purchased 21,424 bitcoins after an analysis of the global macro environment, the failing faith in the fiat financial system, and in seeking a long term store of value with significant growth potential.
They have looked at their treasury and compared their options, to either hold the mighty US dollar (the current global reserve currency) or Bitcoin (the most secure, independent digital currency) and have decided that the principal holding of their treasury reserves, would be safer in Bitcoin.
The Dominos are beginning to Fall
Check out the Fidelity article mentioned in this episode to dig further:
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_183---Custody-in-the-Age-of-Digital-Assets-Fidelity-Digital-e2ndoi
"While it was pretty difficult for him to take over the very decentralized process of people exchanging gold nuggets, there are now a few big, public, trusted, vulnerable entities he can easily seize control of." - Giacomo Zucco
Continuing the excellent series of Discovering Bitcoin, this is an awesome set of articles covering thousands of years of monetary history and evolution all the way to The Lightning Network. Today's part is "A Wrong Turn," breaking down the process of innovating money to solve the "scaleness" problem, that ended up putting at huge risk of control and corruption, the "hardness" and "darkness" of our money. Into the age of full virtualization, what could possibly solve this? Do we need a New Plan?
Check out the previous parts if you haven't!
Part 1 - About Time: https://anchor.fm/thecryptoconomy/episodes/Read_422---Discovering-Bitcoin---From-Cavemen-to-Lightning--Part-1-Giacomo-Zucco-ehdkrb
Part 2 - About People: https://anchor.fm/thecryptoconomy/episodes/Read_424---Discovering-Bitcoin-2---About-People-Giacomo-Zucco-ehgquv
PArt 3 - Introducing Money: https://anchor.fm/thecryptoconomy/episodes/Read_426---Discovering-Bitcoin-3-Introducing-Money-Giacomo-Zucco-ehphre
Stack sats automatically in your DCA Bitcoin savings plan at SwanBitcoin.com/Guy and get $10 for FREE to start off!
If you haven't gotten your collectors copy of the Bitcoin Magazine, you can check it out at the store below!
https://store.bitcoinmagazine.com/
"The Jevons paradox is a staple of environmental economics used to describe how the introduction of more efficient technologies tends to increase the consumption of resources rather than decrease it." - Alex B.
Will Lightning steal fees from Bitcoin miners and threaten the security of Bitcoin into the future? Or will is be the aggregation layer that enables so many additional and higher value use cases for Bitcoin block space, that it may be the very thing necessary to enable the fee growth needed to sustain Bitcoin indefinitely? An excellent piece read today from Alex B...
The Lightning Paradox:
https://medium.com/@bergealex4/the-lightning-paradox-f15ce0e8e374
Don't let your grandchildren hate you! Stack sats for the long term with a reliable, auto buy savings plan, and get $10 FREE to start at SwanBitcoin.com/guy
The other thing to immunize yourself against your future grandchildrens' menacing hatred is to tell everyone you know about Bitcoin Audible, and send them on their journey down the rabbit hole!
"The goods that fare better in hardness, scaleness and darkness will compete, and the first one to reach a critical mass will start swallowing the others, as far as monetary uses are concerned." - Giacomo Zucco
Continuing with the excellent series from Giacomo and Bitcoin Magazine, "Discovering Bitcoin: From Cavemen to the Lightning Network," we dive into Part 3 - Introducing Money. Building of the base concepts of savings in order to acquire time, of durability in a good to store that time, to investment in order to create greater productivity, and then to exchange and specialization, we finally introduce the ultimate good enabling cooperation on a massive scale, Money.
Listen to Parts 1-2 if you haven't yet to get a foundation for this piece:
Part 1 - About Time: https://anchor.fm/thecryptoconomy/episodes/Read_422---Discovering-Bitcoin---From-Cavemen-to-Lightning--Part-1-Giacomo-Zucco-ehdkrb
Part 2 - About People: https://anchor.fm/thecryptoconomy/episodes/Read_424---Discovering-Bitcoin-2---About-People-Giacomo-Zucco-ehgquv
Other essential reads mentioned in the Guy's Take section for going deeper down the rabbit hole on the nature & origins of money:
Shelling Out: The Origins of Money [Nick Szabo]
Money, Blockchains, & Social Scalability [Nick Szabo]
Stack sats automatically in your DCA Bitcoin savings plan at SwanBitcoin.com/Guy and get $10 for FREE to start off!
A huge thank you to BitcoinMagazine for making these available and to the Let's Talk Bitcoin Network for sharing this out to Bitcoiners everywhere!
We have got a great chat that I have been unable to share until now! What is the present and future of Bitcoin mining and the consumption of energy. Is it a terrible reality that could have huge secondary negative effects, or could it ignite an energy revolution? Join Myself, Christian Stoll, Tone Vays, Christopher Bendikson, Jesse Peltan, and Phillip Sandner for an excellent chat!
And stack those sats! Use SwanBitcoin.com/guy to get started with $10 free and start your automatic, sleep like a baby, savings plan now! Don't be the one who missed out or got stuck starting at charts and ended up with half the Bitcoin trying to outsmart the markets. Save responsibly!
"By buying Bitcoin, you are not making a mistake. But if you buy Bitcoin and stop there after your first purchase, you’re making a mistake." - Sylvain Saurel
A great introduction into Bitcoin by Sylvain that hits the most important rules you need to know before opening the door to the rabbit hole. The monetary system we know is a system the induces inequality and poverty, greed is your enemy, altcoins miss the entire point, not your keys - not your bitcoins, & this will change your life. Today we read, "If You Only Read One Thing Before Buying Bitcoin, Read These Few Lines."
Link to the original article below! Don't forget to drop some applause:
https://medium.com/in-bitcoin-we-trust/if-you-only-read-one-thing-before-buying-bitcoin-read-these-few-lines-221cd66235b
Mentioned in the read as another essential piece to explore is Breedlove's "Masters & Slaves of Money":
Part 1 - https://anchor.fm/thecryptoconomy/episodes/Read_414---Masters--Slaves-of-Money---Part-1-Robert-Breedlove-egd95h
Part 2 - https://anchor.fm/thecryptoconomy/episodes/Read_415---Masters--Slaves-of-Money---Part-2-Robert-Breedlove-egelgs
And the best way to stack sats is safely and automatically with SwanBitcoin.com/guy (get $10 for free and support the pod with this link!)
Is there anything more to say? Feeling insanely bullish in a chat with Brady of Citizen Bitcoin and SwanBitcoin fame. Don't miss a great chat with 2 hardcore Bitcoiners talking Bitcoin.
Start your savings plan with swanbitcoin.com/guy - otherwise you are literally dead to me.
Tickets for the greatest Bitcoin conference of 2020!
"it clearly involves moral, political and ethical aspects, like the importance of privacy as a human right. I will use the term “darkness” to address this attribute." - Giacomo Zucco
Continuing the series from Giacomo and Bitcoin Magazine on Discovering Bitcoin: From Cavemen to the Lightning Network. An excellent series with Part 2 working into the concept of specialization and finding those goods that can securely hold value and enable exchange at a new level. If you are new to Bitcoin, this series is a great place to start!
Part 1:
https://anchor.fm/thecryptoconomy/episodes/Read_422---Discovering-Bitcoin---From-Cavemen-to-Lightning--Part-1-Giacomo-Zucco-ehdkrb
I, Pencil - by Leonard Reed
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_123---I--Pencil-Leonard-E--Read-e2ndqm
Don't forget to start your savings plan with SwanBitcoin.com/guy! Support the show and get $10 for doing it!
Much love to the Let's Talk Bitcoin Network! Don't forget to follow them on Twitter and check out the other great shows on the network.
"If a few percentage points of a portfolio are allocated to it, there is a limited risk of loss... On the other hand, it’s not out of the question for Bitcoin to triple, quadruple, or have a potential moonshot price action from current levels" - Lyn Alden
An excellent article from investment advisor Lyn Alden who has recently become bullish on Bitcoin, both in the immediate future, and possibly for the long term. Breaking down the nature of Bitcoin's scarcity, the strengthening network effect, the growing security and trust, and the macro environment that could make it an important part of the global financial sphere, we read Alden's excellent post title "3 Reasons I'm Investing in Bitcoin."
Check out the original and the numerous charts that reinforce her position, not to mention tons of other great reading at her blog blow:
https://www.lynalden.com/invest-in-bitcoin/
For a popular and interactive view of the Stock-to-Flow price model visit:
digitalik.net/btc
And of course start your long term positioning into Bitcoin today at SwanBitcoin.com/Guy and get $10 free to start off. Dollar cost average and stack sats the best way out there.
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message“In order to be useful for this kind of process, a good must possess a good “hardness”: Any unit of said good should not significantly lose its ability to provide utility if stored over some period of time.” - Giacomo Zucco
Beginning an excellent introductory series into the ideas behind Bitcoin from the broadest spectrum available, taking us through the history of value from Cavemen all the way to the Lightning Network. Today we cover the introduction and part 1 of Discovering Bitcoin by Giacomo Zucco
Check out the original articles at Bitcoin Magazine:
https://bitcoinmagazine.com/articles/discovering-bitcoin-a-brief-overview-from-cavemen-to-the-lightning-network
https://bitcoinmagazine.com/articles/discovering-bitcoin-part-1-time
Don’t forget to start your long term Bitcoin savings at SwanBitcoin.com/Guy
For more great shows from the Let’s Talk Bitcoin Network, check it out below:
https://letstalkbitcoin.com/
A long and intense discussion on the vast chasms between the normal view of the world, and that which Bitcoin instills and requires of people. In the age of contradict and finger pointing, there is nothing so disruptive as radical personal responsibility.
Don't miss an awesome chat with Keyvan Davani, host of The Total Bitcoin and The Total Connecter podcasts! So much to unpack, so get ready for a great one.
Check out & follow Keyvan at the links below:
https://twitter.com/keyvandavani
https://www.keyvandavani.com/
Get the best nights sleep in the world with an auto-purchase Bitcoin savings plan at SwanBitcoin.com/guy. It will revolutionize the way you sleep!
"Privacy is at the root of Lightning which is a requirement for a retail payment network to succeed. It builds on Bitcoin which does not optimize for privacy⁵ but transparency and robustness." - Nicolas Burtey & Chris Hunter
As excellent piece today from the Galoy Money team that compares the current world of retail payment infrastructure with the incredible potential of a similarly architected, but fundamentally more open, permissionless, private, and censorship resistant payments system built with the Bitcoin & Lightning protocol stack. An excellent piece with a sobering, but hugely bullish vision of a Bitcoin future.
Check out the original and drop some massive applause for this piece at the link below:
https://medium.com/galoymoney/lightning-as-a-retail-payment-system-part-1-7463c46342ef
Start your stacking if you haven't! The train is leaving the station! swanbitcoin.com/guy will get you $10 free to start, and set your auto-purchase Bitcoin savings plan in motion. Set it and forget it.
Today's Guy's Take is a response to the Bill Bert podcast with Anthony Pompliano! What did Pomp miss? What did he get wrong? Lets do something a little different with this episode, and feel free to check out the video by finding it on YouTube with links and other things provided in the shownotes. Let me know what you think, and don't forget to subscribe!
Watch Episode 20 of the Bill Bert Podcast on youtube below:
https://youtu.be/UbMaPYX52go
Start your long term, auto purchase, super simple Bitcoin savings plan below and get $10 to start off for free!
SwanBitcoin.com/Guy
"This risk is probably best countered by offering enough time to upgrade. Unfortunately, not everyone agrees on how much time is enough; some think forced signaling could start within a year, others believe it should take several years." - Aaron Van Wirdum
Taproot is here! Now just how the hell do we decide to do the upgrade? Aaron Van Wirdum brings us another great piece at Bitcoin Magazine on the varied discussions on how to implement a Bitcoin soft fork in the post-SegWit days. Do we have PTSD, or are we ready for another leap in the Bitcoin protocol?
Check out the original at Bitcoin Magazine:
https://bitcoinmagazine.com/articles/taproot-coming-what-it-and-how-it-will-benefit-bitcoin
For further reading/listening on Segwit, Taproot, Schnorr, & more, check out these other awesome articles below:
Taproot is Coming
• https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_318---Taproot-is-Coming-Aaron-van-Wirdum-e8um0c
The Long Road to Segwit
• https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_054---The-Long-Road-To-Segwit-e2ndsv
Schnorr Signatures & The Inevitability of Privacy
• https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_226---Schnorr-Signatures--The-Inevitability-of-Privacy-in-Bitcoin-Lucas-Nuzzi-e3jfhi
Paying Yourself for Privacy on Lightning
• https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_352---Paying-Yourself-for-Privacy-on-Lightning---Aaron-Van-Wirdum-eaq2go
Simplifying Lightning with the "No Input" Class
• https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_297---Simplifying-Lightning--The-Noinput-Class-Aaron-Van-Wirdum-e5fhoa
-----------------------------
Start your Bitcoin savings plan at SwanBitcoin.com/guy! Don't hate yourself for having delayed weeks and missed a prime, sat stacking opportunity before the next bull market. Today is it!
“Trusted third parties are security holes” isn’t just a slogan; it’s a concept that millions of people will have intuitively grasped for the first time yesterday." - Nic Carter
I'm sure you've heard about the insane social media takeover by a hacker looking to make a little Bitcoin by now. Nic Carter writes an op-ed on Coindesk breaking down his take on the event and how it calls attention to the huge problems of centralization on the web and social media, and what the possible solutions might look like. Will this finally push massive change in online security, or will it be quickly forgotten like the many hacks before it?
Original article as well as links to some other fascinating reads by Nic below:
https://www.coindesk.com/after-twitter-hack-we-need-user-owned-internet-more-than-ever
Support the show by starting your Bitcoin savings plan at SwanBitcoin.com/Guy and get $10 free to start off!
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message"Bitcoin’s capped supply is one of its most well-known features, and it is regularly cited as a hedge against inflation caused by government money printing.
Most people don’t know that Bitcoin has another attribute that acts as a hedge against a far larger risk." - Nick Neuman
Today we read a short article on BitcoinMagazine that shines light an incredible benefit of the Bitcoin system that isn't so widely understood. It isn't simply an independent monetary policy, its an independent monetary *system,* and by that fact a hedge against the instability of much more than merely inflation. Listen to today's episode to find out more!
Link to the original with tons more to explore from the author and recent articles at Bitcoin Magazine:
https://bitcoinmagazine.com/articles/bitcoin-more-than-an-inflation-hedge
Mentioned, The Yield from Money Held by Hans Hoppe:
Read: https://mises.org/library/yield-money-held-reconsidered#:~:text=According%20to%20Keynes%2C%20the%20government,stimulate%20both%20consumption%20and%20investment.
Listen: https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_122---The-Yield-From-Money-Held-Reconsidered-e2ndqn
A huge thanks to LTBN, Bitcoin Magazine, and of course Swan Bitcoin! Start your auto stacking of sats and get $10 free at SwanBitcoin.com/Guy
• DeFi
• Prices & Markets
• Bitcoin & the global power struggle
• Political insanity
• Apolitical? Super-Political? Omni-Political?
• Hard Money Film
• Lightning Attacks
• Minimum wage
& tons more!
Another awesome episode with the Raleigh crew digging into so many topics on Bitcoin & and the state of the world.
"This rationale also completely demolishes the “blockchain not Bitcoin” mantra as the Schelling point is purely based on bitcoin the money, not blockchain the technology." - Willem Van Den Bergh
Why do communication protocols tend towards monopoly? What is it in the nature of networks that lends dominance in a single medium, in the way VHS killed the very existence of BetaMax, how Blu-ray pushed HD-DVD into obscurity? What can Schelling Points, the Lindy Effects, and what we know about networks inform us about these unique systems, and do they demonstrate the limits of free markets? Don't miss this incredible piece from Willem "On Schelling Points, Network Effects, & Lindy."
https://medium.com/@willemvandenbergh_85885/on-schelling-points-network-effects-and-lindy-inherent-properties-of-communication-c4eb69b55c60
A great listen to accompany this one is Nick Szabo's "Shelling Out":
https://anchor.fm/thecryptoconomy/episodes/Reboot---Shelling-Out-The-Origins-of-Money-Nick-Szabo-e9omme
Sleep comfortably tonight, stack sats automatically with the lowest hassle, lowest cost Bitcoin savings plan. SwanBitcoin.com/guy
"Rearden heard Bertram Scudder, outside the group, say to a girl who made some sound of indignation, “Don’t let him disturb you. You know, money is the root of all evil – and he’s the typical product of money.”
Rearden did not think that Francisco could have heard it, but he saw Francisco turning to them with a gravely courteous smile..." - Ayn Rand
Reading the famous speech by character Francisco D'Anconia in the novel "Atlas Shrugged" on the root of all money. This one had a profound effect on my understanding of economics and money in the beginning of my journey down the rabbit hole, that ultimately led me to Bitcoin. Enjoy.
Use swanbitcoin.com/guy for sound money.
“When we stop conceiving of central banking as an economics story, and start to see it as a crime story, we are beginning to get the true picture.” - Robert Breedlove
The epic conclusion of Breedlove’s “Masters and Slaves of money,” and the inevitable Guy’s Rant further exploring just how poisonous the corruption of our money is on the sustainability and moral fabric of society.
Click the crap out of the applause button on the medium article below, and don’t forget the many links for exploring tons of other great works:
https://medium.com/@breedlove22/masters-and-slaves-of-money-255ecc93404f
What Does 1 Trillion Dollars Look Like?
https://www.youtube.com/watch?v=g4Rva4KmtmQ
Secure your Bitcoin savings with the best and lowest cost auto-buy service in the ecosystem at SwanBitcoin.com/guy
Thanks to the Let’s Talk Bitcoin Network & Bitcoin Magazine for including Bitcoin Audible and spreading these incredible works to everyone in the Bitcoin space!
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message"Money is a tool for trading human time. Central banks, the modern-era masters of money, wield this tool as a weapon to steal time and inflict wealth inequality." - Robert Breedlove
Breedlove brings us another excellent write up, this time on the nature of monetary masters and the power dynamic they embody. Exploring the Trans-Atlantic slave trade, the monetary origins of the decline of Western Africa, the logos, and the free speech of human value and time, "Masters & Slaves of Money" is a brilliant investigation to the monetary hierarchy of our world, and how its control has shaped history.
We will break through this piece in 2 parts, starting with today, Part 1 of "Masters & Slaves of Money" by Robert Breedlove.
https://medium.com/@breedlove22/masters-and-slaves-of-money-255ecc93404f
Secure your Bitcoin savings with the best and lowest cost auto-buy service in the ecosystem at SwanBitcoin.com/guy
Thanks to the Let’s Talk Bitcoin Network & Bitcoin Magazine for including Bitcoin Audible and spreading these incredible works to everyone in the Bitcoin space!
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message"The system is rigged." - Jimmy Song
How does out monetary system work and what does it even mean for the government and central bank to have printed trillions of dollars to hand out to everyone, as if we could all just print our way to infinite riches? Is that possible? Does that even make sense? Or is there a better and more fair monetary system at our disposal that reveals the injustices of the current system, and presents a grain of hope for our future?
Bitcoin: A Declaration of Monetary Independence from Jimmy Song!
https://medium.com/@jimmysong/bitcoin-a-declaration-of-monetary-independence-63dee34bdff9
For another great piece to get jacked about taking back our sovereignty on Independence Day, listen to Brady Swenson's article of the same title, "A Declaration of Monetary Independence"!
https://anchor.fm/thecryptoconomy/episodes/Read_384---A-Declaration-of-Monetary-Independence-Brady-Swenson-ed66jv
Start saving in sound independent money today, don't contribute to the corrupt fiat monster any longer, by auto-buying Bitcoin on a regular basis at SwanBitcoin.com/guy. You'll get $10 free to start you off, and you'll always have a hedge against the money printer.
"Mempools are the centerpiece of the entire Bitcoin economy. And they are totally underrated." - Zane Pocock
Today we dig into a unique mental framework of the Bitcoin mempool and how to understand its significance and the fascinating role it plays in the global bidding war for Bitcoin block space. A work by first time author Zane Pocock at MempoolReview.com, Guy reads "Bitcoin's Town Square" & expands on exactly how he views the open information market working tirelessly to find the right price for a Bitcoin confirmation.
The original article with numerous other great links in the read:
https://www.mempoolreview.com/bitcoins-town-square/
An essential piece mentioned in the read is Hayek's essential work:
The Use of Knowledge in Society Part 1
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_250---Use-of-Knowledge-in-Society-Part-1---F--A--Hayek-e43pfj
The Use of Knowledge in Society Part 2
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_251---Use-of-Knowledge-in-Society-Part-2---F--A--Hayek-e444k0
For $10 free in Bitcoin, start your auto purchase Bitcoin savings plan with the lowest fees available at swanbitcoin.com/guy. There is no better sleep on the market than knowing you are always stacking sats!
"Distorting supply only serves to distort a currency’s ability to perform its job of storing and communicating value; it can’t make a currency more valuable or secure." - Phil Geiger
Digging back into the Unchained Capital Blog we find a fascinating framing of the problem of Bitcoin's security at the end of the block subsidy era, where costs will be paid directly by those making transactions. Will the network be secure, or will we need more inflation, breaking the ultimate value of the system itself, in order to subsidize the hashes protecting the timechain? Find out in today's article, "21 Million is Non-Negotiable" by Phil Geiger.
The full article is found below, plus the incredible list of other work at the Unchained Blog:
https://unchained-capital.com/blog/21-million-is-non-negotiable/
Get your slice of the 21 million today while you can still easily buy millions of sats for very little! The best way is to auto-purchase at a regular interval so you are always saving your money in the scarcest good in the world. For $10 free to start off, go to SwanBitcoin.com/guy!
"#Bitcoin as protocol has huge potential: it's like the TCP layer, but no one has built the HTTP layer yet." - Elizabeth Stark
Today we read an article from earlier this year on the massive advances we have seen in Lightning since its inception, and the awesome potential it has for the future. Written by Elizabeth Stark, co-founder of Lightning Labs, and followed by a long rant about all of the tools I’ve been using and the amazing things that are made possible with them!
Entering the Decade of Lightning, by Elizabeth Stark
https://medium.com/@lightning_labs/entering-the-decade-of-lightning-8c4a4d31167f
Links Below of all the incredible services and wallets available to begin experimenting with:
Breez Wallet:
https://breez.technology
Zap Wallet:
https://zap.jackmallers.com
Strike:
https://twitter.com/ln_strike
Blue Wallet:
https://bluewallet.io
Muun Wallet:
https://muun.com
Wallet of Satoshi:
https://www.walletofsatoshi.com
BTCPayServer:
https://btcpayserver.org/
Fold App:
https://foldapp.com
And don't forget SwanBitcoin for the best damn sleep in the world, regard of which stupid mattress you bought. Auto buying Bitcoin every week and waking up to that sweet notification that you have safely and securely stacked more bitcoins. SwanBitcoin.com/guy
"Guy Swann returns to the show to discuss Bitcoin scaling, privacy, lightning, state chains, institutional solutions, owning your keys, and much more."
Pseu and I go down the rabbit hole of Bitcoin's future and what the road there may look like in this episode of his show, "A Boy Named Pseu." If you haven't checked out his podcast yet, it's a great one to explore on the principles of liberty and deep dives into all sort of conversations around Bitcoin. It's definitely one not to miss!
https://podcasts.apple.com/us/podcast/a-boy-named-pseu/id1477843916
Looking for that Bitcoin only, no noise, long term place to send your friends to buy Bitcoin? SwanBitcoin.com/guy will get them $10 free to start off, and not even once try to convince them to buy XRP.
DISCOUNT CODE "CC" will get you 30% off tickets to BitBlockBoom! Don't forget to grab them before they sell out! We are getting close and you don't want to miss the ultimate Bitcoin Maximalist conference
"Incentives have driven exchanges to become casinos, and they’re doing exactly what you’d expect unregulated casinos to do. This is no place you ever want to send anyone." - Rusty Russell
A sobering and important reminder of the dangers that exchanges have come to pose for people new to the Bitcoin space. Rusty Russell writes a concise piece breaking down the incentives of the exchange market and the increasing risks they pose in hooking people with the promise they can buy Bitcoin, and trapping them in the cycle of chasing green candles on 57 varieties of crap.
From Rusty's excellent blog with many other great little thoughts, check out below for tons of other great insight and discussion:
https://rusty.ozlabs.org/
Looking for that Bitcoin only, no noise, long term place to send your friends to buy Bitcoin? SwanBitcoin.com/guy will get them $10 free to start off, and not even once try to convince them to buy XRP.
“Years before the U.S. government’s assault on free speech escalated into the indictment against the WikiLeaks founder, the mysterious creator of Bitcoin recognized the potential fate that would befall the world’s first global Fourth Estate. “ - Nozomi Hayase
Another excellent write up from Nozomi Hayase & Bitcoin Magazine, on the plight of Wikileaks founder Julian Assange & the injustice of his extradition. It is an astonishing thing to see how many world changing systems, technologies, and institutions found their beginnings in a tiny group of mathematicians & activists who found a commonality on the internet around the principle of free speech, sharing ideas on a virtually unknown mailing list of self-proclaimed “cypherpunks.” Who knew how much it would shape our world?
Check out the original article and link sot donate to the Wikileaks Defense Fund below:
https://bitcoinmagazine.com/articles/julian-assanges-u-s-extradition-and-bitcoins-battle-for-freedom-of-the-internet
https://defend.wikileaks.org/donate/
Check out the other amazing books mentioned on the Survivor’s Book List:
https://thecryptoconomy.com/bitcoin-survivors-book-list/
Auto-buy Bitcoin in a secure, low cost savings plan at SwanBitcoin.com/guy and get $10 of free bitcoins right out the gate, and also help support the longevity of Bitcoin Audible!
Don't forget offer code CC for 30% off tickets to BitBlockBoom! Come to the true Bitcoin Maximalist conference and let's hang out and talk about the new digital revolution!
"the adoption of a superior form of money has tremendous multiplicative benefits to wealth creation for all members of a society." - Vijay Boyapati
Rebooting one of the most essential Bitcoin works out there. If you are either new to Bitcoin, or if you have simply not listened or read this one in some time, there is no better time than now to listen to Vijay Boyapati’s excellent work, “The Bullish Case for Bitcoin.”
Drop some applause and check out the original below with links to numerous other languages and platforms at the bottom of the piece. Drop some applause while you are visiting!
https://medium.com/@vijayboyapati/the-bullish-case-for-bitcoin-6ecc8bdecc1
Mentioned in this work for more incredible digging into the history and origins of money, here is Nick Szabo’s “Shelling Out, The Origins of Money”
https://anchor.fm/thecryptoconomy/episodes/Reboot---Shelling-Out-The-Origins-of-Money-Nick-Szabo-e9omme
Follow Vijay on social media so you don't miss his other incredible work and insights:
https://twitter.com/real_vijay
--------------------------------------------
Auto-buy Bitcoin in a secure, low cost savings plan at SwanBitcoin.com/guy and get $10 of free bitcoins right out the gate, and also help support the longevity of Bitcoin Audible!
Don't forget offer code CC for 30% off tickets to BitBlockBoom! Come to the true Bitcoin Maximalist conference and lets hang out and talk about the new digital revolution!
"We have JCR Licklider to thank for the first articulation of the Internet, which he dubbed the “Intergalactic Computer Network” in 1962" - Roy Sheinfeld
If we look at the history of the most influential network in the world, the mother of them all, the internet; what might it be able to tell us about Bitcoin and Lightning? What might it be able to inform us about where we are going in the future of this ecosystem? And can it assist in helping us to find a direction for the enormous amount of work to come? Find out in this great piece from Roy Sheinfeld, CEO of Breez Technology.
Don't forget to check out the original plus a number of other great recent articles at the medium page below:
https://medium.com/breez-technology/comparing-two-revolutionary-networks-lightning-and-the-internet-d6043768e217
An excellent TEDx talk on the influence of the internet and potential change it may inspire for the future of governance, and how we may help to get it there, with the help of Bitcoin:
https://www.youtube.com/watch?time_continue=448&v=FNL22RvFwn0&feature=emb_logo
Starting your Bitcoin auto-buy savings plan at SwanBitcoin.com/guy will get you $10 of free sats right out the gate, and also help support the longevity of Bitcoin Audible!
Don't forget offer code CC for 30% off tickets to BitBlockBoom! Come to the true Bitcoin Maximalist conference and lets hang out and talk about Bitcoin
"While Bitcoin can control the number of users inside the network, it has no control over the number of users accessing the network through custodial banks. The growth of this banking layer is outside of the protocol’s control and could grow into a systemic risk for Bitcoin." - Hasu
A very interesting thought experiment from returning author Hasu, on the potential risks of a Bitcoin future without a trustless means of transacting. If most Bitcoin traded is a custodial IOU, could Bitcoin fall victim to the same fate as Gold? Find out more in today's read!
Check out the original and other great insights at Deribit.com:
https://insights.deribit.com/market-research/why-bitcoin-might-not-survive-a-bitcoin-standard/
Don't forget to setup your auto-buy Bitcoin Savings Plan at the lowest cost, and simplest service of Swan Bitcoin! SwanBitcoin.com/guy will get you some free sats for signing up, and also help support the longevity of Bitcoin Audible!
Don't forget offer code CC for 30% off tickets to BitBlockBoom! Come to the true Bitcoin Maximalist conference and lets hang out and talk about Bitcoin
"ION will decentralize the way that messages and application data is encrypted and exchanged." - ION Announcement
With the help of Casa and a number of other partners, Microsoft finally releases the beta of their new decentralized ID system, anchored to the Bitcoin mainnet. A potential solution to security and privacy in our increasingly digital future. By Peter Chawaga, and published at the amazing resource that is Bitcoin Magazine, we read and discuss "ION, Microsoft’s Decentralized Identity System, Launches Beta On Bitcoin Mainnet."
The days of usernames and passwords may be behind us.
Check out the original article at the link below, plus a number of other great recent articles at Bitcoin Magazine:
https://bitcoinmagazine.com/articles/ion-microsofts-decentralized-identity-system-launches-beta-on-bitcoin-mainnet
A huge thanks to The Let's Talk Bitcoin Network and the amazing shows they produce for the Bitcoin space!
Don't forget to setup your auto-buy Bitcoin Savings Plan at the lowest cost, and simplest service of Swan Bitcoin! SwanBitcoin.com/guy will get you some free sats for signing up, and also help support the longevity of Bitcoin Audible!
IF YOUR ARE GOING TO BITBLOCKBOOM!! Don't forget offer code CC for 30% off! Come to the true Bitcoin Maximalist conference and lets hang out and talk about Bitcoin
“What doesn’t kill the legacy monetary system only makes it weaker. What doesn’t kill bitcoin only makes it stronger. “ - Parker Lewis
If you were hoping for another installment of the incredible Gradually, then Suddenly Series by Parker Lewis, then the wait is over. From the Unchained Capital Blog, today’s read is the 15th installment, “Bitcoin is Antifragile.”
Link to the original and the Unchained Capital Blog for tons of other great writings:
https://unchained-capital.com/blog/bitcoin-is-antifragile/
Follow Parker Lewis on Twitter to not miss any of the other great works and commentary on Bitcoin:
https://twitter.com/parkeralewis
Don't forget to setup the best and lowest cost auto-buy Bitcoin savings plan at SwanBitcoin.com/guy
And for those fo you joining me at the ultimate Bitcoin Maximalist Conference in TX, remember the discount code 'CC' for 30% off at BitBlockBoom.com
“At the moment, the Bitcoin network is improving but is far from as usable and private as it needs to be with authoritarianism and surveillance on the rise in many countries,” - Alex Gladstein
Another great piece by Aaron Van Wirdum made available at BitcoinMagazine.com, today it was announced that the Human Rights Foundation, a great force for liberty and privacy across the globe, has turned its focus toward directly funding Bitcoin privacy projects thanks to a generous gift from an anonymous donor. Starting with funding an implementation of an awesome privacy development called coinswap, and with another grant soon to be announced, the future of Bitcoin privacy is yet again, just a little bit brighter!
Check out the original at Bitcoin Magazine for more links to explore this privacy technique as well as others:
https://bitcoinmagazine.com/articles/the-human-rights-foundation-is-now-funding-bitcoin-privacy-development-starting-with-coinswap
To make a donation yourself to the CoinSwap project, check out the link below:
https://bitcoinprivacy.me/coinswap-donations
Dont forget discount code CC when getting your BitBlockBoom tickets!
https://bitblockboom.com/
And support an awesome Bitcoin company, plus the BitcoinAudible show, by setting up your Bitcoin Savings plan, auto-buy at the lowest prices using SwanBitcoin.com/guy
A follow-up to yesterday's incredible read from The Nakamoto Institute by Ian Grigg, The 7 Layers of Financial Cryptography. Today we dig into what the reality of financial cryptographic systems as they have been developed & secured through Bitcoin. What philosophy and mentality informed it all, and where did it differ from Ian's vision, and where was he able to see what would come about?
Mentioned in the show for further exploration:
Bittorrent Lessons Part 1 - https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_219---Why-BitTorrent-Mattered-Lesson-1-Simon-Morris-e3ghrs
Bittorrent Lessons Part 2 - https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_220---Not-Breaking-Rules--Youre-Doing-it-Wrong-BitTorrent-Lesson-2-Simon-Morris-e3grft
Bittorrent Lessons Part 3 - https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_221---Intent--Complexity---Governance-Paradox-BitTorrent-Lesson-3-Simon-Morris-e3h2uj
Bittorrent Lessons Part 4 - https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_222---Decentralized-Disruption--Who-Dares-Wins-BitTorrent-Lesson-4-Simon-Morris-e3hek4
Inventing Bitcoin by Yan Pritzker:
https://www.audible.com/pd/B087C59TS7/?source_code=AUDFPWS0223189MWU-BK-ACX0-192596&ref=acx_bty_BK_ACX0_192596_pd_us
Dont forget to start your Bitocin savings plan, auto buy with the simplest set it and forget service out there at SwanBitcoin.com/guy
"Financial Cryptography is substantially complex, requiring skills drawn from diverse and incompatible, or at least, unfriendly, disciplines. Caught between Central Banking and Cryptography, or between accountants and programmers, there is a grave danger that efforts to construct Financial Cryptography systems will simplify or omit critical disciplines." - Ian Grigg
Another blast from the past of 1998, written by Ian Grigg, made available at the NakamotoInstitute.org. An awesome attempt at looking forward to the possible layers and roles within a financial cryptography system, providing a fascinating comparison to Bitcoin and the reality of that system today.
Don’t miss tomorrow’s episode where we dig into the comparisons and expand on the many incredible foresights that Ian designed in his own model of our cryptographic future.
Explore the incredible library of works at the Nakamoto Institute and the original with a long list of references to dig further into these Ideas at the link below:
https://nakamotoinstitute.org/financial-cryptography-in-7-layers/
If you want the cheapest and simplest way to get a Bitcoin savings plan that will work indefinitely into the future, Swan Bitcoin is that place. Plus get $10 free for setting up through the link below!
SwanBitcoin.com/Guy
"Users can now create a transaction without a signature in the Bitcoin Core GUI using the partially signed bitcoin transaction (PSBT) format" - Aaron Van Wirdum
A great piece by Aaron & the Bitcoin Magazine team, detailing the new release of the Bitcoin reference client that explains multiple great improvements, simplifications, cleanup of the codebase, & hardening of client security. Removing the unnecessary, and building out new standards, another great release showing the promising direction of Bitcoin's unmatched reliability & independence continuing into the future.
Check out the original below for other great links to explore deeper:
https://bitcoinmagazine.com/articles/bitcoin-core-0-20-0-released-whats-new
The Maxwell Reddit post mentioned in the commentary:
https://old.reddit.com/r/Bitcoin/comments/d87h71/why_dont_i_get_to_choose_bip_70_removed_by_default/f1cedy9/
Don't forget to check out my new personalized page at SwanBitcoin.com/guy and start your Bitcoin savings plan today!
"As it turns out, we had money, we just weren't allowed to take it out of the country. When we left the Soviet Union we were allowed to exchange our rubles for dollars at the official rate (not the real rate)... so they gave us $100 worth and sent us on our way." - Yan Pritzker
Bitcoin isn't simply an application that can be used for finance. Less a technological breakthrough & more a monetary revolution. Today we chat with the exceptional author of "Inventing Bitcoin," CTO and co-founder of Swan Bitcoin & GiveBitcoin, and a Bitcoiner who has risked it all to be a part of the most important monetary revolution in a century. This chat is not to be missed!
Shout out in the episode to Cory Klippsten, CEO of Swan Bitcoin, and Phil Geiger of Unchained Capital!
If you haven't read or listened to Inventing Bitcoin, it is a brilliant overview of the logical architecture that sustains the Bitcoin system. Find it at the link below on Amazon and/or Audible.com
https://bit.ly/inventing_btc
Automatic savings in the most secure and sound monetary good, using the easiest and lowest cost service out there. Swan Bitcoin is a no brainer, support the show by setting it up at Swanbitcoin.com/guy
"VCs are a group of people demonized in the Bitcoin industry for not understanding Bitcoin’s value proposition. Well, how do you expect a VC to value Bitcoin if they’re only used to valuing startups?" - Hass McCook
A really fun article, followed by a walk down Bitcoin memory lane with Guy, giving a fresh analogy (you know how I love those) of Bitcoin as a startup moving through funding rounds. Where are we in the maturing cycle, and what will the focus of this and future eras be? Looking at Bitcoin's history and future through the lens of a startup!
Check out the original article and drop some applause below:
https://medium.com/@hassmccook/bitcoin-as-a-startup-769c387c97ca
Join in the Series B Funding Round by starting your Bitcoin Savings Plan at
SwanBitcoin.com/guy
“authority, not truth makes legitimacy... it is truth, not authority that makes legitimacy with Bitcoin.” - Erik Cason
Today we dive into a fascinating piece at cryptosovereignty.org by Erik Cason diving into the very concept of sovereignty, and how Bitcoin, in comparison to the legacy system, is not merely revolutionary, but messianic. Truth, not authority, is the only source of legitimacy.
Check out the original article with tons of other stuff to explore at the link below:
https://cryptosovereignty.org/the-political-theology-of-bitcoin/
For another few hours diving into this idea, listen to the most recent Raleigh Bitcoin Podcast where we talk all about it:
https://anchor.fm/raleigh-bitcoin-meetup/episodes/Novus-Ordo-eemr9t
Will you be sovereign in the future? The simplest and surest way to take back that sovereignty is to auto-buy and auto-withdraw your Bitcoin at Swan Bitcoin: Swanbitcoin.com/guy
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message“It’s going to be really interesting to replicate some of the token-based authentication schemes that we already have with centralized providers but do it with self-sovereign identity, which is pseudonymous and which is persistent across the network.” - Chris Dannen
An article by Peter Chawaga at BitcoinMagazine.com that touches on the many topics discussed during the Bitcoin Halving Livestream with many of the Lightning pioneers. With LSATs, keysend, LN messaging apps, and the new infrastructure layer for monetary applications. The future is bright, and today's episode is a great little morsel about what it to come.
Check out the original article and the 2 great videos exploring all of this stuff further at the links below:
https://bitcoinmagazine.com/articles/how-the-lightning-network-will-grow-following-bitcoins-third-halving
Elizabeth Stark on BitcoinHalving - https://www.youtube.com/watch?v=CEim0y0Vw68
Jack Mallers, Will Reeves, Chris Dannen, & Alex Leishman - https://www.youtube.com/watch?v=z1mpftgg2Ls
Auto-Fund with USD, Auto-Stack your BTC, & Auto-Withdraw to your keys. The simplest, lowest cost way to secure your future.
SwanBitcoin.com/guy
We had a fascinating panel discussion hosted by John Vallis with an amazing group at the Value of Bitcoin Conference. All about the Global Renaissance that Bitcoin could ignite. What incentives will most change our world, what is the future of debt in a sound money economy, what will governments look like, what happens when everyone's wealth exists everywhere at once and borders become meaningless? All this and more with Marty Bent, John Vallis, Alex Gladstein, Elizabeth Prefontaine, & Brady Swenson!
Check out the other great talks fro the Value of Bitcoin conference. The team put on an incredible show and there is hours of exploring to do at:
https://vob-conference.com/
Secure your future place in society with the easiest, lowest cost, automated Bitcoin Savings Plan at SwanBitcoin.com/guy
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message"Early alchemy was concerned with purifying and perfecting certain materials, such as transmuting base metals like lead into noble metals like gold, creating an elixir of immortality, or creating panaceas to cure any disease." - Meltem Demirors
How should we observe the "crypto" industry as a whole, and what, if anything, can we learn from the enormous ocean of altcoins that could find a useful application in the future of cryptography and networking systems? Meltem gives a very interesting analogy on how to look at the results of the "crypto" industry and a useful perspective in considering what we to bring with us, and what to leave behind.
Check the original plus a ton of other great writing from Meltem at her blog "Meltem's Musings":
https://meltdem.substack.com/p/crypto-is-modern-alchemy
Bitcoin Audible is supported by an amazing group of Bitcoiners on the team with Swan Bitcoin. Providing the best way to auto-buy & auto-withdraw your bitcoin with the lowest DCA fees in the business. Go to Swanbitcoin.com/guy today to start your savings plan.
"The world’s national currencies will offer Bitcoin only a sputtering resistance — more in word than deed — and they’ll dwindle into irrelevance as their defenders fail to defend, their battlements go unmanned, and the central banks’ centers will not hold." - Jesse Lawler
Are we doomed for a massive battle between the monetary giants. The Federal Reserve and global powers pitted against the decentralized Bitcoin system? Or will Goliath simply fizzle out as the central banks fail to organize, find their personal interest at odds with institutional interest, and Bitcoin proves to be too distributed to even fight?
Sci-Fi dystopia and a cypherpunk war, or no? A great, fun piece by Jesse Lawler, host of the Smart Drugs Smart podcast and fellow Crew member of the show, writes a really interesting piece on the potential conflicts, or lack thereof, in Bitcoin's future.
Check him out on twitter with the tag @Lawlerpalooza and drop some applause on this article below:
https://medium.com/@Lawlerpalooza/bitcoin-vs-government-b324fefd3e1a
Start your Bitcoin savings at Swanbitcoin.com/guy to support your own future, and support this podcast! Keeping the Bitcoin Audible project alive!
Statechains, the Atomic Swap Halving, Perpetual One Way Swaps, and more with co-host of the Unhashed Podcast! Ruben Somsen joins us to dive into a ton of awesome technical exploration & how they can be directed toward a scalable and efficient future for Bitcoin.
Check out Ruben on Twitter:
https://twitter.com/SomsenRuben
Explore his various proposals further:
https://gist.github.com/RubenSomsen/c9f0a92493e06b0e29acced61ca9f49a
Listen to him and the gang talk Bitcoin on the Unhashed Podcast:
https://www.unhashedpodcast.com/
Get your Bitcoin Savings Plan set in now! Use the simplest and lowest cost way to auto-buy Bitcoin and auto-withdraw to your own wallet at Swanbitcoin.com/guy
Full nodes without even needing the internet? That's right. A massive improvement to the decentralization & alternatives for securing Bitcoin validation infrastructure just dropped from the team at Blockstream.
Announcing Blockstream Satellite 2.0! Check out the original with links to pre-order the kits if interested:
https://blockstream.com/2020/05/04/en-announcing-blockstream-satellite-2/
Follow Adam Back, Chris Cook, & the team on Twitter:
https://twitter.com/adam3us
https://twitter.com/Blockstream
Stack sats automatically and effortlessly at SwanBitcoin.com/guy! Plus show them some love for their support in making the best Bitcoin works Audible!
"Encryption reduces the cost of protection and decreases the leverage of violence at scale. This leads to the rise of dissident technology." - Phil Bonello
With the foundations of the our societal structures shifting, and the core dynamics of violent organization under flux, how do we anticipate the changes in the future? Looking at the investment thesis through the lens of “The Sovereign Individual” with an incredible article from Phil Bonello.
Check out the original article at the link below, plus a lot of other great work on his blog:
https://philjbonello.substack.com/p/the-sovereign-individual-investment
A huge thanks to Swan Bitcoin for supporting Bitcoin Audible & making these works accessible to everyone. Start your Bitcoin savings plan with the lowest cost, best auto-buy service available, at SwanBitcoin.com/guy
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message"A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution." - Satoshi Nakamoto
To kick off the Third epoch in Bitcoin we are officially rebranding to Bitcoin Audible, and beginning with the historic Whitepaper by Satoshi himself, revealing this incredible system to the world. Solving the Byzantine General's problem, a breakthrough in consensus, a structureless, distributed monetary system incentivizing cooperation and truth. The Whitepaper is the earliest window into a groundbreaking network that already has, and will continue, to change the world.
Bitcoin: A Peer-to-Peer Electronic Cash System
Original is found here: https://bitcoin.org/en/bitcoin-paper
A huge thanks to Swan Bitcoin for supporting Bitcoin Audible & making these works accessible to everyone. Start your Bitcoin savings plan with the lowest cost, best auto-buy service available, at SwanBitcoin.com/guy
Finally got the incredible author of the "Gradually, Then Suddenly" series on the show to have a chat about the nature of Bitcoin, how it so widely misunderstood, and the most important change it will bring about. Parker Lewis and I had an awesome chat and you don't want to miss it.
Happy Halving guys!!
SwanBitcoin.com/guy
"In other words, Bitcoin already has little monetary inflation, which will drop even further." - Dominik Stroukal
Because I love discussion of markets, prices, and the EMH, I couldn't avoid one last article before the halving arrives. With another interesting take from the SatoshiLabs blog from first time on the show author, Diminik Stroukal, we get a breakdown of how to think about the halving, the stock to flow model, and predicting the future of Bitcoin.
Plus, an unavoidable Guy's Rant to follow - Don't miss it!
Check out the original and drop some applause below:
https://blog.trezor.io/the-economics-of-halving-what-will-happen-to-the-price-dab6df11755a
Efficient Market Hypothesis [Nic Carter]
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_343---Introduction-to-the-Efficient-Market-Hypothesis-for-Bitcoiners-Nic-Carter-eac03b
Stock to Flow and the EMH [PlanB]
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_344---Efficient-Markets--Bitcoins-Stock-to-Flow-PlanB-eaco0i
The Halving is NOT priced in [Guy's Take]
https://anchor.fm/thecryptoconomy/episodes/GuysTake_026---The-Halving-is-Not-Priced-in--Heres-Why-eagkrd
Don't miss your position in the scarcest money to ever exist, the longer you wait, the more scarce it becomes. Start your Bitcoin savings plan at SwanBitcoin.com/guy
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message"In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value. If there were, the government would have to make its holding illegal, as was done in the case of gold." - Alan Greenspan
Who would've guessed that the most succinct explanation of exactly how Greenspan caused an unsustainable credit bubble in the 90s, resulting in an inevitable economic collapse, would've come from Greenspan himself, almost 30 years earlier? Today we read a piece that was a major factor during my early years of discovering the Austrian theory and the importance of sound money. Greenspan's "Gold and Economic Freedom."
Check out the original at constitution.org:
https://www.constitution.org/mon/greenspan_gold.htm
The best place to buy Bitcoin, regularly, and automatically, is with Swan Bitcoin. The lowest cost, and the simplest setup, built by true Bitcoiners, for Bitcoiners.
swanbitcoin.com/guy
"It is axiomatic that printing money (or creating digital dollars) does nothing to generate economic activity; it only shifts the balance of powers as to who allocates the money and prices risk. It strips power from the people and centralizes it to the government." - Parker Lewis
If you were worried that the previous installment of the Gradually, Then Suddenly Series was its conclusion, then you will not want to miss today’s read. Parker is back with another bomb to drop on the unavoidable reality of our times. It is a simple and irrefutable common sense, that money which one individual must fight and labor to obtain voluntarily, and which is simultaneously created at zero cost by any other institution or person, grants no advantage to the former.
Bitcoin is 21 million, and the realization that a scarce money is a better money for every individual, and more fair for society, will be self-actualizing. It requires nothing more than the persistence of the human desire for self-preservation. A huge thanks to Parker Lewis and Unchained Capital for this piece.
The original, with links and charts demonstrating his argument, plus the entire incredible series is available at the link below:
https://unchained-capital.com/blog/bitcoin-is-common-sense/
Mentioned in the commentary:
https://chapwoodindex.com/
Don’t forget to start your Bitcoin savings plan at Swan Bitcoin and thank them for making the Audible of the Bitcoin space available for you to listen to these incredible works!
Swanbitcoin.com/guy
"As a friend of mine likes to say: Bitcoin is pieces of super-gold flying inside an unstoppable PayPal. It is the best money we ever had." - Gigi
Another great piece by Gigi (@Dergigi on twitter) that takes a step back and just tells the message of Bitcoin without all the usual over-complication. Ignore the monetary history, don't explain the underlying technology, lets not cover the crucial cryptographic imperatives or the game theory, and lets address the common sense reasons that Bitcoin exists, and how we should be think of it as we move into the future.
A brilliant piece as usual from Gigi, check out the original below, "Dear Family, Dear Friends" and drop some applause on Medium
ALSO don't forget to check out the additional resources I forgot to talk about at the bottom of the article:
https://medium.com/@dergigi/dear-family-dear-friends-6ef7ee7a1a2b
Gigi's comprehensive resources to explore further down the Bitcoin Rabbit Hole:
https://bitcoin-resources.com
Much love to our amazing sponsor and the incredible team over at Swan Bitcoin. Making the Audible of the Bitcoin space available to all
Invest in sound money, automatically, easily, and responsibly at Swan Bitcoin. - https://www.swanbitcoin.com/guy
"Mycelial networks act as a resource transport layer and communications network connecting organisms in the biosphere. This enables organisms to voluntarily trade resources and knowledge across species lines. Increasing trade leads to increased specialization (division of labor), further increasing biodiversity (wealth and resilience) in the ecosystem."
- Brandon Quittem
After the long wait, we are finally covering Part 4, the conclusion, of Quittem's incredible "Mycelial Money" series, exploring Bitcoin as a catalyst for the evolution of our species. Drop some applause here -> https://medium.com/@BrandonQuittem/bitcoin-is-a-catalyst-for-human-evolution-symbiosis-part-4-4-4c6563cb9254
Listen/Read parts 1-3 below:
Bitcoin is a Decentralized Organism 1/4:
• Audio: https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_201---Bitcoin-is-a-Decentralized-Organism---Mycelium-Part-1-e2sarg
Bitcoin is a Social Creature 2/4
• Audio: https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_224---Bitcoin-is-a-Social-Creature--Mycelium-Part-2-e3iq3u
Bitcoin is the Antivirus 3/4
• Audio: https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_284---Bitcoin-is-the-Antivirus-Brandon-Quittem-e4vmac
Danny Hillis - Back to the Future of 1994:
https://www.youtube.com/watch?v=gdg4mU-wuhI&t=
Use of Knowledge in Society:
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_250---Use-of-Knowledge-in-Society-Part-1---F--A--Hayek-e43pfj
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_251---Use-of-Knowledge-in-Society-Part-2---F--A--Hayek-e444k0
Money, Blockchains, and Social Scalability:
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_066---Money--Blockchains--and-Social-Scalability-e2ndsj
Don't forget to start your Bitcoin saving plan. Don't let the future pull the rug out from under you. Invest in sound money, automatically, easily, and responsibly at Swan Bitcoin. - https://www.swanbitcoin.com?grsf=yg8ftt
"What the State fears above all, of course, is any
fundamental threat to its own power and its own existence"
- Murray N. Rothbard
The epic conclusion to Murray Rothbard's Anatomy of the State. What is the ultimate end of state power? Can we test to see if the State is in fact interested in its own survival, or if its interested in the protection of its citizens? And how does Bitcoin alter this ancient dynamic? This and more in todays read.
Check out Mises.org for the amazing library of work made available for free!
https://mises.org/library/anatomy-state
Don't forget to start your Bitcoin saving plan. Don't let the future pull the rug out from under you. Invest in sound money, automatically, easily, and responsibly at Swan Bitcoin. - https://www.swanbitcoin.com?grsf=yg8ftt
Don't forget you can support the show by becoming a patron, or find out sponsorship details at [email protected].
patreon.com/thecryptoconomy
"The greatest danger to the State
is independent intellectual criticism."
-Murray N. Rothbard
Another piece made available thanks to the amazing team over at the Mises Institute, we dive into the first half of the essential work by Murray N. Rothbard, Anatomy of the State. A critical and objective view of what the tools and means of the state are, and how they differ from the average man. Trigger warning, some of it might be hard to hear.
Check out Mises.org for the amazing library of work made available for free!
Don't forget to start your Bitcoin saving plan. Don't let the future pull the rug out from under you. Invest in sound money, automatically, easily, and responsibly at Swan Bitcoin. - https://www.swanbitcoin.com?grsf=yg8ftt
Don't forget you can support the show by becoming a patron, or find out sponsorship details at [email protected].
patreon.com/thecryptoconomy
"I think of Bitcoin as a conservative investment because it’s so superior to gold. The value of it should wind up at least equal to gold’s..." - BitcoinTINA
Reading a piece by BitcoinTINA summarized from the BitcoinMagazine series on how Bitcoin is a fundamental shift in the nature of money, and how quickly everything could change despite how difficult to imagine it may be. Posted with other great work on the Swan Signal blog, we read "Bitcoin and the Technological Evolution of the Finanical System."
Link to the Blog, plus the other great reading mentioned in the article:
https://www.swanbitcoin.com/bitcoin-and-the-technological-evolution-of-the-financial-system
The 4 part Bitcoin Magazine series where TINA dives deeper into these ideas:
https://bitcoinmagazine.com/articles/listen-bitcointina-on-bitcoin-podcast-series
Don't forget to start your Bitcoin saving plan. Don't let the future pull the rug out from under you. Invest in sound money, automatically, easily, and responsibly at Swan Bitcoin. - https://www.swanbitcoin.com?grsf=yg8ftt
Don't forget you can support the show by becoming a patron, or find out sponsorship details at [email protected].
patreon.com/thecryptoconomy
"We Hodl these truths to be self evident" - Brady
A Declaration of Independence for the age of the separation of money and state. When a monetary system becomes a burden, a means not to help the public good, but to sicken and destroy it, it is the right, and the duty of the people to throw off such system. This is why we are here, and this is why we run our nodes, defending the network from those that would alter the money for their benefit, and our expense.
The original is below so that applause may be given
https://medium.com/@citizenbitcoin/a-declaration-of-monetary-independence-4da96af54e62
Leave you signature on the Twitter thread below:
https://twitter.com/CitizenBitcoin/status/1251396546333159424
Support the companies that build for a Bitcoin future, and do so knowing the reasons why. Swan Bitcoin is the best place to buy Bitcoin, from true Bitcoiners. https://www.swanbitcoin.com?grsf=yg8ftt
If finding out how the banking system is systematically ripping you off doesn't make your angry, then you're already dead.
Had an awesome discussion with Josh of Bottomshelf Bitcoin fame! Going through the incredible theft and engineered fragility of our monetary system. How it induces the boom and bust cycle, builds unsustainable imbalances, fuels irresponsible behavior, rewards those who waste resources, lies to us about our wealth, and manages to have us owing all of our life's work to a banking elite that never earned any of it.
Josh and I have an awesome chat, and you don't want to miss it!
If you haven't heard it yet, Ep. 53 with Carlos from Satoshi's Games is excellent:
https://anchor.fm/bottomshelfbtc/episodes/Lightnite-with-Carlos-from-Satoshis-Games-Episode-53-e8fstc
A huge thanks to Swan Bitcoin for supporting the Audible of Bitcoin, supporting the education on the principles and philosophy behind Bitcoin, and making it accessible to all! Show some love, and get the best Bitcoin Savings Plan out there!
https://www.swanbitcoin.com?grsf=yg8ftt
"As the crypto industry makes progress toward Web 3.0, we’ll come to realize that it’s hard to beat the security and network effects of Bitcoin." - Muneeb Ali
Another great article from Bitcoin Magazine, this one by the founder of Blockstack, Muneeb Ali, on the superior security and foundation that Bitcoin can provide to Web 3.0. How its perceived "limitations," may be what makes it the best foundation we could have.
It also sparks a long Guy's Rant on the value of on-chain vs off-chain contracts, the doubts on the "tokenization of everything," & why smart contracts are only as good as the token they contract in (not the other way round).
This isn't to be missed. Check out the other great stuff at Bitcoin Magazine that I won't be able to cover, plus the original articlewith links to dig further in at the link below:
https://bitcoinmagazine.com/articles/the-king-of-blockchains-bitcoin-can-become-the-foundation-for-web-3-0
Mentioned in the episode for further Rabbit Hole Research:
Szabo's "The Dawn of Trustworthy Computing"
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_113---The-Dawn-of-Trustworthy-Computing-Nick-Szabo-e2ndr3
BitcoinHalving.com 21 Hour Live Stream:
https://www.bitcoinhalving.com/
Don't forget to check out Swan Bitcoin! Start your Bitcoin savings plan by clicking here
https://www.swanbitcoin.com?grsf=yg8ftt
You are not going to want to miss this incredible piece on exactly how far we have strayed from anything resembling "capitalism," or even the goal of accumulating and growing the capital that improves our lives.
"This is your brain on central banking, regulatory capture, and financialization." - Sacha & Allen
Check out the original and hit that clap button excessively on both Allen and Sacha's pages below
• https://medium.com/@allenfarrington/this-is-not-capitalism-5ed0a9d5dfa9
• https://medium.com/@sachameyers/this-is-not-capitalism-7d5ab7b31f90
Don't forget to check out Swan Bitcoin and start your Bitcoin savings plan by clicking here
https://www.swanbitcoin.com?grsf=yg8ftt
"You can't dictate how people should use bitcoin. Bitcoin has certain properties that enable different use cases. The predominant use case will fluctuate over time. Get over it." - Marty Bent
An Important reminder from Uncle Marty: Bitcoin has value because of what it enables. It is the market that will find its highest value purpose, and it will be used in all the ways it will best serve the economy. Neither you nor I, fortunately, get to decide how Bitcoin will be used or valued.
Don't forget to check out Marty's Bent, a daily newsletter with tons of incredible insight and fun ideas:
https://tftc.io/martys-bent/
If you haven't heard it, The Use of Knowledge in Society is one of the most important pieces I've covered on this show. Listen at the links below:
Part 1 - https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_250---Use-of-Knowledge-in-Society-Part-1---F--A--Hayek-e43pfj
Part 2 - https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_251---Use-of-Knowledge-in-Society-Part-2---F--A--Hayek-e444k0
Don't forget to start your Bitcoin savings plan at the link below. The value of a sound digital asset in these uncertain monetary times cannot be overstated. Start your investment in the future today:
https://www.swanbitcoin.com?grsf=yg8ftt
"All I know is the setup for bitcoin, the hardest form of digital money, could not be better. All manners of trust have evaporated. In order to solve for demand and supply destruction, governments will embark on the greatest fiscal stimulus binge the world has ever seen." - Arthur Hayes
The time has come to put our cards on the table and place our bets. Where do you stand?
Check out this article plus tons of other great research on any Bitcoin topic you could dream up at the Bitmex Blog:
https://blog.bitmex.com/choose-your-fiction/
Start your Bitcoin Savings Plan at the Swan Bitcoin link below!
https://www.swanbitcoin.com?grsf=xngc0c
You’re in for a marathon of a meetup today! The Raleigh Bitcoin Crew goes down the rabbit hole with…
Infinite money printing
Who really runs things?
Inflation and the Fed’s Great Scam
How trustless money leads to greater trust
Price “gouging” or price “discovery”?
Monopolies & the Govt
Anti-trust laws and predatory pricing
The last halving & the Bitcoin price
Quantitative Hardening
& more!
Don't forget to subscribe and check out the Raleigh Bitcoin Meetup Pod so you don't miss the rabbit holes we travel every week.
anchor.fm/raleigh-bitcoin-meetup
"It is the digital equivalent of your physical bank sending private investigators to follow your every move for days after you withdraw cash at the ATM, and then freezing or confiscating your bank account entirely if that PI comes back with a report that says that “you may have,” with some probability, engaged in controversial actions with that cash." - Giacomo Zucco
A great closing the Giacomo's Treatise on Bitcoin and Privacy at Bitcoin Magazine. What are the Red herrings we have to navigate to determine the truth of privacy on Bitcoin, and the many (non)alternatives. Is there a perfect privacy option, or do they all come with numerous costs and explicit trade-offs?
Check out the original article over at Bitcoin Magazine, plus the thousands of other great pieces on everything you could ever want to know about Bitcoin and the history of this space:
https://bitcoinmagazine.com/articles/a-treatise-on-bitcoin-and-privacy-part-2-dont-be-misled-by-red-herrings
Listen to Part 1 if you haven't yet: https://anchor.fm/thecryptoconomy/episodes/Read_375---A-Match-Made-in-the-Whitepaper---Treatise-on-Bitcoin--Privacy--Part-1-Giacomo-Zucco-ech00u
Here is the video thrown together by myself and a few other great Raleigh Bitcoiners, Living on Bitcoin in 2020 - What its REALLY like: https://www.youtube.com/watch?v=cOmUpp3J9Ck
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message"Despite unprecedented fiscal and monetary intervention after the financial crisis, results have been disappointing. The American people do not need accounting tricks or more debt, but true innovation. Thankfully, Bitcoin provides a way forward." - Conner Brown
An excellent article found over at the Bitcoin Reserve Journal on how Bitcoin could lead us into an explosion of innovation and efficiency, and has the potential to right so many imbalances and decades of stagnation in the American economy. A new Gold Rush, in the Digital Age.
Check out the Blog below for a number of other great recent articles:
https://journal.bitcoinreserve.com/bitcoin-a-bold-american-future/
Start your Bitcoin Savings Plan at the Swan Bitcoin link below! Added is the link to the Swan Signal podcast to check out a couple of recent great episodes, specifically with today's author Conner Brown and also Marty Bent:
https://www.swanbitcoin.com?grsf=xngc0c
Swan Signal: https://swansignalpodcast.com/episodes/bitcoin-in-uncertain-times-e3
"Although I mostly agree with their reasoning and share the enthusiasm for such a free market, I cannot stop being astonished by the naivety of the idea." - Sven Schneiders
If a "good" money cannot survive without a helpful and easy environment... then is it even a good money at all?
Sven makes an excellent case for abandoning the sentiment that we should desire a friendly environment for the one market good which is the bedrock for all other economic activity.
Check out the original and the many other posts on the LimitlessCuriosity.com Blog:
https://limitlesscuriosity.com/essays/stop-calling-for-a-free-market-in-money
Choosing your money, is to choose the future you want. If that future has powerful central banks, economic micromanagement by authorities, & third parties in every transaction, then don't buy #Bitcoin. But, if that doesn't sound appealing, you should start your Bitcoin Savings Account. Swan Bitcoin makes that easier than ever:
https://www.swanbitcoin.com?grsf=xngc0c
And speaking of the future of The Cryptoconomy... look out for "Bitcoin Audible!"
“Beware of what I call Pascal's scams: movements or belief systems that ask you to hope for or worry about very improbable outcomes that could have very large positive or negative consequences.” - Nick Szabo
Another amazing piece from the Unenumerated blog by Nick Szabo that explains a class of doomsday and utopia predictions he refers to as “Pascal’s Scams.” How it can appear rational to worry or hope for extremely improbable outcomes. We read part 1 & 2 together and then talk about how this perspective could change our view of these crazy times. Don’t miss it.
Here are the original blog posts, in addition to the incredible body of work available on the Unenumerated Blog:
Part 1: https://unenumerated.blogspot.com/2012/07/pascals-scams.html
Part 2: https://unenumerated.blogspot.com/2012/07/pascals-scams-ii.html
Some of the previous works by Szabo we have read on the show:
Shelling Out: The Origins of Money
• https://anchor.fm/thecryptoconomy/episodes/Reboot---Shelling-Out-The-Origins-of-Money-Nick-Szabo-e9omme
Money, Blockchains, & Social Scalability
• https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_066---Money--Blockchains--and-Social-Scalability-e2ndsj
Exit and Freedom
• https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_233---Exit--Freedom-Nick-Szabo-e3nleo
The God Protocols
• https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_261---The-God-Protocols-Nick-Szabo-e4cstb
The Dawn of Trustworthy Computing:
• https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_113---The-Dawn-of-Trustworthy-Computing-Nick-Szabo-e2ndr3
Drop the fiat money printer tokens and start saving in sound money? Start your Bitcoin Savings Plan today at SwanBitcoin.com.
https://www.swanbitcoin.com?grsf=xngc0c
"Satoshi Nakamoto created Bitcoin as a tool for privacy. The entire cypherpunk quest, which Satoshi was an active part of and which the Bitcoin experiment is the coronation of, was all about personal and financial privacy." - Giacomo Zucco
A great piece from Giacomo, published with Bitcoin Magazine, on the concepts and origins of privacy behind Bitcoin. Why it's needed, what it means, and all the ways we will secure it. A Treatise on Bitcoin & Privacy Part 1. Let's dive in!
Check out the original and get a head start on Part 2 with the links below:
Part 1: https://bitcoinmagazine.com/articles/a-treatise-on-bitcoin-and-privacy-part-1-a-match-made-in-the-whitepaper
Part 2: https://bitcoinmagazine.com/articles/a-treatise-on-bitcoin-and-privacy-part-2-dont-be-misled-by-red-herrings
We have a choice about our future, are you securing yours? Start a bitcoin savings account at SwanBitcoin.com for the no hassle solution to a long term Bitcoin Savings Plan. Missing out on the technological revolution of the century is not an option.
https://www.swanbitcoin.com?grsf=xngc0c
If you want to support the show and hang out with the Cryptoconomy Crew, you can do so over at Patreon.com/thecryptoconomy, or by donating at TheCryptoconomy.com. Support the Audible of the Bitcoin space and share with everyone you know! 10 million Bitcoiners is our target, our mission toward a better future.
"A distant digital descendent of zero, the invention of Bitcoin represents the discovery of absolute scarcity for money: an idea as equally unstoppable." - Robert Breedlove
A new piece by Breedlove exploring the discovery and impact of the concept of "zero," both as an abstraction of the nature of the universe, & a numerical tool for better defining and making sense of the world. And how the discovery of absolute scarcity in a monetary system, Bitcoin, will change our current view of the world. Not to be missed.
Check out the original for tons of great links and graphics to help illustrate the underlying ideas:
https://medium.com/@breedlove22/the-number-zero-and-bitcoin-4c193336db5b
IF you haven't taken the time to solidify your Bitcoin Savings Plan over at SwanBitcoin.com, now is the time! The only way out of our current mess is with sound money, and financial responsibility, Swan Bitcoin is where you'll find both. https://www.swanbitcoin.com?grsf=xngc0c
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message"One of the biggest lies in recent times is that inflation is good and necessary for a healthy economy." - Mcfloogle
It was once understood that money was owned by the individual. Merely an extension of the value created in the past, the soundness of money could not be disconnected from the very right to life and property itself. A short but excellent blog post on this nature, and the consequences when it is lost to our society.
Check out mcfloogle.com to check out the other great blog posts as well as the Rollo & Slappy podcast!
https://www.mcfloogle.com/2020/03/12/bitcoin-fulfills-the-promise-that-money-is-owned-by-everyone/
Support our awesome sponsor who makes this show possible!
SwanBitcoin.com, the best place in the world to start stacking sats. Auto DCA your Bitcoin savings and stack every week, paycheck, or month.
The team over at Kraken just dropped a fascinating report on “The Great Wealth Transfer” and what it means for Bitcoin. How, even holding all other things constant, we could see on the order of $1 Trillion move into the Bitcoin ecosystem. We bring Pete Rizzo on the show to talk all about it.
Follow Pete Rizzo below and check out the Kraken blog for more interesting research and posts on the Bitcoin ecosystem:
https://twitter.com/pete_rizzo_
https://blog.kraken.com/
Read the full report for the many amazing details, charts and metrics pulled together for establishing the argument.
https://blog.kraken.com/post/4313/how-the-great-wealth-transfer-could-give-bitcoin-a-1-trillion-boost/
A huge thanks to Swan Bitcoin for making it easy as to auto-stack your sats! The best place to get your share of the 21 million, without having to stress about the price. SwanBitcoin.com!
"It was a plea to all those that valued the fight for liberty and freedom. Outnumbered ten-to-one, Travis responded to a demand for surrender with a cannon shot." - Parker Lewis
The 13th installment in the excellent Gradually, Then Suddenly series, from Parker Lewis and the Unchained Capital team. Bitcoin is a Rally Cry.
https://unchained-capital.com/blog/bitcoin-is-a-rally-cry/
There is no better time to start responsibly saving in Bitcoin than these volatile and uncertain times. And the best, and simplest way to do that is with SwanBitcoin.com!
https://www.swanbitcoin.com?grsf=fijswv
Other works you must explore:
Ethics of Money Production
The Road to Serfdom
The Use of Knowledge in Society [part 1]
The Use of Knowledge in Society [part 2]
Bitcoin Does Not Waste Energy
"The Federal Reserve’s market operations are ramping up by the day, and it’s using more tools simultaneously to “fix” markets than ever before. So what are these tools and how is the Fed using them?" - Colin Harper
Wondering what is happening in the hurricane that is finance and finding it difficult to piece together all of the puzzle. You aren't alone. Colin Harper has a great new addition to Bitcoin Magazine to help make sense of all the jargon of Repo markets, interest rates, zero reserve, QE4 to infinity, and the rest. Don't miss it!
Link to the original article:
https://bitcoinmagazine.com/articles/zero-interest-limitless-repo-and-qe4-the-federal-reserves-market-operations-explained
Don't forget that SwanBitcoin.com is now live! Start stacking your sats now! Set a weekly, every paycheck, or every month purchase and even auto-withdrawal to your own keys! With Swan Bitcoin you'll never have to wonder again if you are stacking for the future, set it once and forget it.
Other great content I've enjoyed recently to dig further:
• Tales from the Crypt with Charles Marohn:
https://open.spotify.com/episode/3VE9cgPq32Ynd78rYDvfeA
• Swan Signal with Parker Lewis & Giacomo Zucco:
https://citizenbitcoin.world/episodes/giacomo-zucco-and-parker-lewis-on-swan-signal-live-By5ZBPnv
• Hayek's Use of Knowledge in Society:
Part 1: https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_250---Use-of-Knowledge-in-Society-Part-1---F--A--Hayek-e43pfj
Part 2: https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_251---Use-of-Knowledge-in-Society-Part-2---F--A--Hayek-e444k0
• On The Brink:
https://podcasts.apple.com/us/podcast/jurrien-timmer-fidelity-on-the-global-macro-landscape-ep-58/id1480586463?i=1000469486863
COVID-19
Citadel Preparations
The Great Financial Unraveling
Scared of the virus or government?
Kill Your Heroes
Business as usual?
With a special social distancing edition of the Raleigh Meetup Podcast, we get a big crew together talking all about the current state of the world, our own adjustments to this new reality, and if Bitcoin ready for this!
Don't forget to subscribe to the Raleigh Bitcoin Meetup Podcast for the crazy shit we talk about every week!
https://anchor.fm/raleigh-bitcoin-meetup
"I didn’t believe it when I first heard people saying that most crypto projects will fail.
Boy was I wrong." - @Vanalli
Take it from someone who has seen "Crypto" from the inside, searching for something of value, and coming up short. An excellent write up of an honest, unapologetic look at the sea of crypto crap, utility tokens, and pointless blockchain projects. A clear demonstration of the "Everyone's a Scammer" rule in the Bitcoin space, Vanalli tells us what it was like working in Crypto for 2 years, and why he had to finally take the exit.
Dropped some applause for Matt at the original link below!
I Worked Full Time in Crypto for 2 Years, and Didn't Like What I Saw
A huge thanks to Swan Bitcoin, the best Bitcoin savings service out there, for supporting the Audible of the Bitcoin space! If you would like to support the show as well and hang out with the Crew in the Cryptoconomy Telegram, consider becoming a patron at:
patreon.com/thecryptoconomy
"Make no mistake: the EARN IT Act is a vehicle to undermine end-to-end encryption." - Elliot Harmon
A very important episode on a topic that people need to be aware of. There is a bill in Congress, one of the continuous attempts for the past 25 or so years, that will create enormous collateral damage to our freedom of speech, and privacy online. Not to mention putting the many abuses of surveillances capitalism on steroids. An excellent article from the EFF breaks it all down.
"The price of liberty is eternal vigilance." - Thomas Jefferson
Please take just a moment and visit the original article to send a message to your representative. Ot might not make an enormous difference, but what do they do if they hear from no one? Support the EFF for fighting the good fight for online security and free speech!
https://www.eff.org/deeplinks/2020/03/graham-blumenthal-bill-attack-online-speech-and-security
Take Action: https://act.eff.org/action/protect-our-speech-and-security-online-reject-the-graham-blumenthal-bill
Another great article from BitcoinMagazine giving more insight into the problem written by Dave Hollerith:
https://bitcoinmagazine.com/articles/earn-it-the-us-anti-encryption-bill-that-threatens-private-speech-online
Swan Bitcoin is almost live! They are the best place to DCA your sat stacking! A Bitcoin-only company built by true Bitcoiners. You'll get $5 free sats by using the referral below as well as sending $5 to the show!
https://www.swanbitcoin.com?grsf=fijswv
"Keeping the Bitcoin network private can be thought of as an act of unity by Bitcoiners in America to help keep the network useful for Bitcoiners in Venezuela and Hong Kong — indeed, around the world." - Sasha Hodder & Rafael Yakobi
An article from Bitcoin Magazine diving into the difficult and often onerous regulations around money transmission and the consequences for both the entire industry, and the dangers it presents for individual privacy. An excellent op-ed from Sasha Hodder, and Rafael Yakobi.
Link to the original article on BitcoinMagazine.com:
https://bitcoinmagazine.com/articles/bitcoin-fungibility-mixing-and-the-legal-limits-on-maintaining-privacy
Mentioned in the commentary to explore the ideas further:
https://www.youtube.com/watch?v=msQ_khFmKtU
A huge thanks to both Swan Bitcoin, the best place for an easy DCA bitcoin savings plan, and the LTB Network for supporting the Audible of the Bitcoin space.
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message"Every single co in the industry invested badly at the same time... every single competitor made the exact same mistake, in the same direction." - Caitlin Long
If you missed the epic Twitter Thread from Caitlin Long on the state of the global financial markets, and how we managed to find ourselves in such a disastrous, then worry no longer. Now Audible, followed by Guy's commentary on the concepts she outlines, her excellent episode on Pompliano's show, and on the fundamental economics that had gone awry to bring us to this ultimate end.
Link to the original thread below:
https://twitter.com/CaitlinLong_/status/1238915150368792576
Don't forget to follow Caitlin on Twitter as well as Avanti Bank & Trust so you don't miss the incredible work toward building a foundation to replace the old, broken system:
https://twitter.com/AvantiBT
Check out the episode with Pomp to hear her expand on these ideas:
https://open.spotify.com/episode/2SHS4ZaPoBRK3tYuxRS56U
Previous reads mentioned in the commentary that will help shine a light on the fundamental economics being violated by our central banking system.
• Use of Knowledge in Society by Hayek
Part 1: https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_250---Use-of-Knowledge-in-Society-Part-1---F--A--Hayek-e43pfj
Part 2: https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_251---Use-of-Knowledge-in-Society-Part-2---F--A--Hayek-e444k0
• Distrust in Lebanese Banks Spurs Bitcoin Boom by Timour Azhari
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_360---Distrust-in-Lebanese-Banks-Spurs-Bitcoin-Boom-Timour-Azhari-eb6val
A huge thank you to Swan Bitcoin ❤️for supporting the Audible of the Bitcoin space!
What happens when you get Swan Signal hosting a conversation with Brady Swenson, myself, DerGigi, Yan Pritzker, Friar Hass, John Vallis, & Cory Klippsten on the state of the legacy & Bitcoin markets, corona virus, remote work, education, the halving, and where we might go from here?
This episode is what happens. A great chat you don't want to miss!
Check out Swan Signal for other great Bitcoin focused content!
https://www.swanbitcoin.com/signal
@CitizenBitcoin
@dergigi
@FriarHass
@johnkvallis
@skwp
@coryklippsten
I feel like we just got to live through an old piece of history all over again ... so I'll share my rendition of it.
https://bitcointalk.org/index.php?topic=375643.0
"Not too many years from now, the number of Bitcoiners in the United States of America will cross ten million. When we hit that milestone, it’s game over: Bitcoin wins..." - Cory Klippsten
Diving into our first read from the Swan Bitcoin blog by their CEO Cory Klippsten, we explore the simple, but powerful idea of the Intransigent Minority. Laid out in Nassim Taleb's book "Skin in the Game" the intransigent minority is the target for the number of Bitcoiners that would be needed to reach the point of no return. What might that number be, and how do we get there? Listen to a short, fun read on building the intransigent minority.
This episode is actually sponsored by none other than Swan Bitcoin! (fyi, this was already in my reading list & they didn't know )
If you want to show thanks for their support of the Audible of the Bitcoin space, plus get $5 free of the hardest money on earth, use my referral link to sign up at SwanBitcoin.com! Show them that Swann comes with 2 n's baby!
https://www.swanbitcoin.com?grsf=fijswv
"We, Bitcoiners, are all dissidents in the Old World of trusted third parties. [...] Laws of nature that are higher than man-made laws, being enforced by mathematics, have begun to reorganize a society." - Nozomi Hayase
Bitcoin isn't merely a new money, it's a radical departure from the systems of trust. It founds a new system where incentives align in a beautiful design to enforce cooperation through the independent self-interest of opposing parties. As a technology of dissent, it doesn't allow us merely to protest the old system's of control, but instead gives us an avenue to opt out altogether.
Bitcoin Is The Technology Of Dissent That Secures Individual Liberties:
https://bitcoinmagazine.com/articles/bitcoin-is-the-technology-of-dissent-that-secures-individual-liberties
Check out the other work produced by Nozomi, and follow her on social media:
https://bitcoinmagazine.com/authors/nozomi-hayase
Previous episodes mentioned in the commentary:
• The Crypto Anarchist Manifesto - https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_300-----The-Crypto-Anarchist-Manifesto-Timothy-C--May-e5p7j4
1 • Why has the Corona Virus been upgraded from a significant healthcare problem, to a global economic catastrophe?
2 • What would be Guy's strategy as a Destroyer of Economies?
3 • Bitcoin Fixes this
What I hope to be a fun Guy's rant on why Corona is a huge problem not because of the virus itself, but because of a terribly unprepared economy, and how I might go about laying the groundwork for any natural disaster to cause the most damage and lay waste to as much economic activity as possible. Find out how in today's Guy's Take.
Francisco D'Anconia's Money Speech from Atlas Shrugged:
https://www.youtube.com/watch?v=u-T0ey0IKDA
Don't forget to get your Bitcoin2020 Tickets! See you guys at the biggest Bitcoin conference of the year!
Bitcoin2020conference.com
"devising a scheme that handles both messaging and payments under one roof could be a killer app" - Colin Harper
As part of Bitcoin Magazine's excellent set of articles on "The Technology of Dissent," we get a great piece by Colin Harper on the state of encrypted messaging over the Lightning Network. With both Shpinx and Whatsat using separate mechanisms for establishing a private, censorship resistant, decentralized messaging platform, could the combination of encrypted messaging and payments be a killer app for Lightning? Listen to today's episode to find out!
The original article here!
https://bitcoinmagazine.com/articles/how-the-lighting-network-could-improve-encrypted-messaging
The other great recent selection from Bitcoin Magazine:
https://bitcoinmagazine.com/issue/bitcoin-through-dissident-technology
The Guy's Take where I dive into the encrypted messaging App I want to use:
https://anchor.fm/thecryptoconomy/episodes/GuysTake_002---The-Lightning-App-I-Want-to-Use-e2ndp6
Don't forget to subscribe and share the show out with all of your friends in Bitcoin!
https://anchor.fm/thecryptoconomy/
"To fully understand any organism, we must not only look at the organism itself, but examine the organism-environment holistically." - Gigi
If Bitcoin is a new organism, then where exactly does it live? Is it in cyberspace, the human realm, in financial markets and value… or all 3? Find out in Gigi’s excellent new piece on the Habitats of Bitcoin.
Bitcoin Habitats by @Dergigi:
https://medium.com/@dergigi/bitcoins-habitats-9ce3064bd3a7
Recommended Further Reading:
Proof of Life - Why Bitcoin is a Living Organism by Gigi
• https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_285---Proof-of-Life-dergigi-e51lt1
The Sovereign Individual by James Dale Davidson and William Rees-Mogg
• https://www.audible.com/pd/The-Sovereign-Individual-Audiobook/1797103385?qid=1583275273&sr=1-1&ref=a_search_c3_lProduct_1_1&pf_rd_p=e81b7c27-6880-467a-b5a7-13cef5d729fe&pf_rd_r=3VY4T21FG3XNYQ1RGENK
Become a patron below to support the project of making all the best in Bitcoin Audible! Plus get access to the Cryptoconomy Telegram and hang out with a bunch of veteran Bitcoiners!
patreon.com/thecryptoconomy
"A volatile currency for volatile times" - Timour Azhari
When the banks become the volatile alternative, when your rights and control over what's in "your" bank account are a fleeting daydream, when the banks abuse your trust, take your money, and then try to sell it back to you; a volatile, independent, decentralized digital money, becomes that very thing that "puts your mind at ease." Everything is relative, and the world is an increasingly volatile place. Don't miss this one!
Link to the original article by Timour, plus don't forget to check out the author on Twitter for more great stuff like this one!
https://www.aljazeera.com/ajimpact/distrust-lebanese-banks-spurs-bitcoin-boom-200224202742678.html
And don't forget to get one of the best journeys through understanding and exploring the Bitcoin life form, in Knut Svanholm's "Sovereignty Through Mathematics." It starts on Read_308 and continues in 5 parts, thanks to Knut for making it free to everyone who listens to this show!
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_308---Sovereignty-Through-Mathematics---Part-1-Knut-Svanholm-e7tak7
And you can also support the show by purchasing it on Audible.com in the full unabridged, uninterrupted audiobook!
https://www.audible.com/pd/Bitcoin-Audiobook/B083SMKYVC?qid=1583178204&sr=1-1&ref=a_search_c3_lProduct_1_1&pf_rd_p=e81b7c27-6880-467a-b5a7-13cef5d729fe&pf_rd_r=T0P5FPPGE8JX6NMPH5YX
Microsoft has a history of funding and developing with open source systems, and has started a new project called ION, trying to make a universal, decentralized system secured by Bitcoin, for managing and proving identities available to the globe. What are the goals and mindset behind this project, and how is Microsoft planning for its future, and the future of the Bitcoin ecosystem? Find out in today's article by Colin Harper discussing the ION system with Daniel Buchner, the project lead!
Another of the constantly amazing content available thanks to the team at Bitcoin Magazine! Check out Colin's previous article getting into details of how the ION system will work.
https://bitcoinmagazine.com/articles/microsoft-building-id-verification-platform-bitcoin
A huge thanks to the LTB Network for partnering with the show and helping to get the Audible of Bitcoin to everyone!
https://letstalkbitcoin.com/
Support the show by becoming a patron and get access to the Cryptoconomy Telegram Crew!
patreon.com/thecryptconomy
Is the blockchain a critical tool that creates the power behind Bitcoin, or is it a wasteful and unavoidable byproduct, an exhaust, of the system that secures the most sound money in the world?
This was a fascinating Twitter thread by Udi Wertheimer that explores what I find to be an interesting perspective on the role that "the blockchain" plays in the Bitcoin network. With added input and contrarian opinions from Eric Wall, Meni Rosenfeld, Adam Back, & Justin Moon, we take a short episode to expand on a unique idea.
The Original Thread:
https://twitter.com/udiWertheimer/status/1087142827346354177
https://twitter.com/adam3us/status/1087315014812348417?s=20
https://twitter.com/MeniRosenfeld/status/1087663298944864256?s=20
Other works mentioned that will shed light on these ideas:
Parker Lewis's "Bitcoin Cannot be Copied":
• https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_291---Bitcoin-Cant-Be-Copied-Parker-Lewis-e58g11
Nick Szabo's "Money, Blockchains, and Social Scalability":
• https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_066---Money--Blockchains--and-Social-Scalability-e2ndsj
Help keep the project alive by becoming a patron! Plus join the Cryptoconomy Telelgram Crew!
patreon.com/thecryptoconomy
thecryptoconomy.com
"If you ask me how much trust is right for the Lightning economy, the answer will always be less." - Roy Sheinfeld
Today we dig into the recently implemented reverse submarine swaps in the breez lightning service. One of the many tools we have for both mitigating, and also building trust in the new economy. How exactly do submarine swaps work, what's a HODL invoice, what might they mean for the future of Lightning, and how is Breez using them? All this any more in today's article by Roy Sheinfeld!
Check out the original below and be sure to drop some claps over at Medium:
https://medium.com/breez-technology/reverse-submarine-swaps-another-step-towards-a-p2p-lightning-economy-bacb040fdca7
Today I get hyped with ck_SNARKs of BTCMedia and have the opportunity to pick his brain for all the exciting stuff happening at the Bitcoin2020 conference in San Fran! With only a month left its time to get serious about it. Stay to the end if you want to hear how you might save some sats on your tickets!
Follow CK on Twitter so you don't miss the announcements and incredible things happening with the BTCMedia gang!
https://twitter.com/ck_SNARKs
Don't forget to check out the episodes with BitcoinTINA for "How to Think About Investing in Bitcoin"
Part 1: https://podcasts.apple.com/us/podcast/bitcoin-magazine/id1459884105?i=1000464887385
Part 2: https://podcasts.apple.com/us/podcast/bitcoin-magazine/id1459884105?i=1000465558525
Part 3: https://podcasts.apple.com/us/podcast/bitcoin-magazine/id1459884105?i=1000466261125
"By design, Bitcoin exists beyond governments. [...] The architecture of bitcoin is practically purpose-built to resist and immunize any attempts by governments to ban it." - @parkeralewis
The next in the Gradually, Then Suddenly series not to be missed. Governments will not ban Bitcoin until it's apparent that it actually presents a threat to their own currencies, when that happens and under that pretense, they will face the ultimate Prisoner's Dilemma, & the only winning move is to play.
Link to the original article at Unchained Capital along with the rest in this incredible series by Parker Lewis!
https://unchained-capital.com/blog/bitcoin-cannot-be-banned/
Don't forget to subscribe and support the Audible of the Bitcoin space! You can do so through tippin.me on Twitter, or becoming a patron below!
patreon.com/thecryptoconomy
"Decentralization has [...] been a vessel for achieving a concession from a centralized body it is protesting. Every decentralization play has followed a simple pattern: protest a market inefficiency, win that protest via a major concession, and then disappear back to fringes of society." - Brandon Arvanaghi
What can we learn from the history of decentralized protocols and the huge battles of history during the disruption of the internet, versus the corporate and media giants of the day? Does it spell doom for Bitcoin and decentralized systems as the central banks & financial giants concede to give control back to the customer? Or is there something else entirely at play? Don't miss this great read and then Guy's Take on how Decentralization Dies!
Don't forget to drop some applause on the original article and follow Brandon on twitter for more insights like this one!
https://medium.com/@brandonarvanaghi/how-decentralization-dies-the-killer-concessions-86dd1ca86da3
https://twitter.com/arvanaghi
A huge thank you to all of my patrons for contributing to this project and helping to promote this show! I couldn't do it without you. A special thanks to SovereignFinancials for such a generous donation!
Join the crew and become a patron at Patreon.com/thecryptoconomy
"Bitcoin is a movement founded on individual monetary sovereignty, transparency and peer-to-peer auditability enabled by a breakthrough in technology. [...] The technology to provide auditability and transparency for bitcoin held in custody has been inherent to the protocol from its inception. However, the industry has been slow to incorporate" -Mauricio Di Bartolomeo
Bitcoin, as a new asset class, provides us with one of the most powerful tools for financial security in a custodial context: cryptographic proofs of reserve. We would be foolish to not make use of it. Let us not repeat the mistakes of the past.
Another great piece from Bitcoin Magazine to shine light on a critical issue for a future with sustainable sound money. Don't miss the short article and Guy's take to follow! Link to the original below:
https://bitcoinmagazine.com/articles/why-proof-of-reserves-is-important-to-bitcoin
A huge thanks to the LTBNetwork. Don't forget to check out the tons of other great shows on their platform!
Other's mentioned in the show:
2019 Saw the Most Exchange Hacks Ever:
https://bitcoinmagazine.com/articles/2019-saw-most-exchange-attacks-ever-with-hackers-becoming-more-savvy
Nic Carter's Tweets on PoR
https://twitter.com/nic__carter/status/1229599601440829440?s=20
I had an awesome time the other day with Daniel Prince on the new Once BITten Podcast. Diving into some of my own personal history with Bitcoin, what led me here, and the major changes I think we will see in the world over the next couple of decades. This was a really fun conversation and I think you guys will enjoy it. I was Once BITten, & here's my story.
Don't forget to check out Daniel's new podcast, and the episode we mentioned where he spoke with Bruce about the best podcasts in the space, and the always bullish and existential DerGigi!
https://anchor.fm/daniel-prince6/episodes/Forget-The-Oscars---Bitcoinwalking-Steps-Up-To-Award-The-Best-Bitcoin-Podcasts-eaodip
https://anchor.fm/daniel-prince6/episodes/Bitcoin-Is-A-Harsh-Mistress-eapg7e
"Unless you began your Austrian economic education at birth in some unknown Austrian paradise, on this planet at this particular time in human history, I think we can safely say we’re all Keynesians by default." - Brady Swenson @citizenbitcoin
Today we read a great little piece on how our economic understandings have become so skewed, why the default has become one of centralized, top down control over money, and how Bitcoin is set to right the world of our economic foundations. We've got a fun rant after this one too, so don't miss it!
Check out the original article and drop some major applause. Don't forget to follow Brady on Twitter and check out his show as well!
https://medium.com/@citizenbitcoin/were-all-default-keynesians-now-and-how-bitcoin-is-changing-that-886ed2096b76
Get your "Default Keynesian" shirt here:
https://layeronebtc.com/collections/citizen-bitcoin-podcast/products/default-keynesian-short-sleeve-unisex-t-shirt
Saif's Beginner's Guide to Austrian Econ:
https://saifedean.com/2018/07/22/a-beginners-guide-to-austrian-economics/
Stephan Livera's Intro to Bitcoin Austrian Thought:
https://stephanlivera.com/episode/71/
And the huge collection of works at Gigi's Bitcoin Resources:
https://bitcoin-resources.com/
"The Lightning Network is best known for its fast and cheap payments. But the Layer 2 protocol could also offer more privacy than on-chain payments [...] the developer thinks that “self-payments” could be an important part of the privacy puzzle." - Aaron Van Wirdum
Despite its focus on payments and scaling the Bitcoin system, Lightning may have incredible potential for privacy opportunities and improvements. Pseudonymous developer ZmnSCPxj has been detailing and expanding on these concepts in recent months, and who better to lay it all out for us than BitcoinMagazine, and Aaron Van Wirdum? Don't miss today's article on a new trick of payment privacy for Lightning...
Paying Yourself? Self-Payments Could Be a Key to Lightning Privacy
https://bitcoinmagazine.com/articles/paying-yourself-self-payments-could-be-a-key-to-lightning-privacy
A big thanks to Bitcoin Magazine and the Let's Talk Bitcoin Network for making this content available!
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message"Not everyone understands what a pyramid scheme actually is, what the warning signs may be, or why such schemes always fail [...] The distinctions should be glaringly obvious, but because bitcoin is complex and the very idea of money is not well understood, it can easily be confused." - Parker Lewis
Today we are diving back into the Gradually, Then Suddenly series from Unchained Capital with an excellent breakdown of what Bitcoin is, and what it isn't. Starting with the both obvious, yet not so obvious truth, that it is certainly not a pyramid scheme! Don't miss another incredible installments by Parker Lewis.
Original Article and the rest of the series below:
https://unchained-capital.com/blog/bitcoin-is-not-a-pyramid-scheme/
Other great pieces mentioned both in the article, and in the commentary:
• Everyone's a Scammer:
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_267---Everyones-a-Scammer-Michael-Goldstein-e4ihq8
• Bitcoin Has No Intrinsic Value:
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_249---Bitcoin-Has-No-Intrinsic-Value---Thats-Great--Conner-Brown-e43bcm
• Use of Knowledge in Society
Part 1 - https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_250---Use-of-Knowledge-in-Society-Part-1---F--A--Hayek-e43pfj
Part 2 - https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_251---Use-of-Knowledge-in-Society-Part-2---F--A--Hayek-e444k0
• A Story of Booms & Busts
https://anchor.fm/thecryptoconomy/episodes/GuysTake_18---A-Story-About-Booms--Busts-e4aflh
If you'd like to support this show and become a patron, click the link below!
www.patreon.com/thecryptoconomy
Can you really own Bitcoins? Or do you merely have possession of keys that grant a high probability of exclusive control?
A fun short read to close out the week, from the Bitcoin Rabbi on defining what it means to own or possess bitcoin. Check out the original article below on medium and drop some applause, and follow The Bitcoin Rabbi on Twitter!
https://medium.com/@thebitcoinrabbi/of-course-you-can-own-bitcoins-dedcfc0c2e49
"For the better part of the last decade, the combination of these two practices has given rise to an increasing number of SIM swap attacks ending in the theft of bitcoin and other cryptocurrencies." - David Hollerith
Another piece from BitcoinMagazine.com, this one by author and podcast host David Hollerith, that breaks down the risks and details of SIM swap attacks and how you may be vulnerable to losing your bitcoins, simply by revealing your phone number. Don't miss this piece detailing out the attack, and listing out the Do's and Don'ts of Bitcoin security.
Check out the original plus a ton of other great recent articles over at BitocinMagazine.com:
https://bitcoinmagazine.com/articles/the-rise-of-sim-swapping-how-and-why-bitcoiners-need-to-protect-themselves
Also recommended is Michael Perklin's article to go along with this one:
https://bitcoinmagazine.com/articles/keep-your-bitcoin-safe-by-making-security-a-habit
I also mentioned Jameson Lopp's extreme testing of the bitcoin steel wallets, a great read below:
Part 1: https://blog.lopp.net/metal-bitcoin-seed-storage-stress-test/
Part 2: https://blog.lopp.net/metal-bitcoin-seed-storage-stress-test--part-ii-/
And don't forget to subscribe and share this show with everyone you know in Bitcoin. If you would like to join the Telegram group, become a patron below!
www.patreon.com/thecryptoconomy
Lastly, a big thank you to Dave, Bitcoin Magazine, and the LTBNetwork for the incredible work and spreading the show!
"we have nearly 11 years of empirical evidence that the network itself has been holding and transacting bitcoin, but instead of with private key signatures, it’s in exchange for hashed electricity." - Phil Geiger
Framing the scarcity of Bitcoin at first seems obvious, but with a closer look, is far more difficult than it would seem. Does the supply actually inflate at all? Does the market price in all future halvings? Do the Bitcoin exist when they are mined, or do they exist today, sold to the miners in exchange for hashes? Phil presents a very interesting perspective and way of framing the supply of Bitcoin, in this great piece from the Unchained Capital Blog.
Check out the original below, and don't forget to follow Phil on Twitter:
https://unchained-capital.com/blog/all-21-million-bitcoin-already-exist/
Support the audio for all things Bitcoin by becoming a patron below!
patreon.com/thecryptoconomy
An exciting development form the extraordinary team over at Zap and the Mallers Fam! The seed of the infrastructure inversion has landed, and its' called Strike!
Don't miss the details on this incredible development and join the beta if you want to test out and provide feedback for this product over at strike.zaphq.io. This is a project to keep a very close eye on. Follow @jackmallers on Twitter so you don't miss the revolution ;)
Drop some hella applause on the article below:
https://medium.com/@JimmyMow/announcing-strike-by-zap-4f578c7c8984
"What’s noteworthy about this point is that, upon this particular halving, Bitcoin “inflating” at a roughly 1.8 percent rate annually will nominally — and by then, quite possibly in real terms — be “inflating” at a rate lower than both the Federal Reserve target of 2 percent per year and current, CPI-based estimates of real U.S. inflation of 1.9 percent annually." - Peter C Earle
Another great piece from Bitcoin Magazine written by Peter C. Earle, detailing the reasons why this next halving will make Bitcoin a true contender in the world of monetary policy. In a very short span, Bitcoin will become the most scarce & strictly defined financial asset on Earth... are you ready?
Check out the original article and follow Peter at the links below:
https://bitcoinmagazine.com/articles/the-kindest-cut-why-the-2020-bitcoin-halvening-is-the-most-important-yet
https://twitter.com/L1KNB
Other episodes & links to dive deeper into the discussion from the show:
• Stop Calling Bitcoin Deflationary [Conner Brown]
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_314---Stop-Calling-Bitcoin-Deflationary-Conner-Brown-e8p1o3
• Bitcoin Obsoletes All Other Money [Parker Lewis]
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_345---Bitcoin-Obsoletes-All-Other-Money--Parker-Lewis-eahce1
• Efficient Markets & Bitcoin's Stock-to-Flow [PlanB]
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_344---Efficient-Markets--Bitcoins-Stock-to-Flow-PlanB-eaco0i
• Guy's Take 26 - The Halving Is Not Priced In
https://anchor.fm/thecryptoconomy/episodes/GuysTake_026---The-Halving-is-Not-Priced-in--Heres-Why-eagkrd
• Article - The Illusions of Hedonics [Antony P. Mueller]
https://mises.org/library/illusions-hedonics
"Money is an intersubjective problem, and a choice to opt into one monetary medium is an explicit opt out of the other, which in turn causes one network to gain value (and utility) at the direct expense of another." - Parker Lewis
Skipping around a little bit in the "Gradually, Then Suddenly" series, we read the most recent (#12) published on the Unchained Capital Blog. No, Bitcoin isn't a startup. No, there will not be many currencies. No, you can't create an alternative that doesn't compete with Bitcoin's monetary properties. The very problem of money is one of intersubjectivity, which can only be solved through convergence on a single monetary medium. Bitcoin.
Listen to this excellent installment from Parker Lewis and the Unchained Team. "Bitcoin Obsoletes All Other Money."
https://unchained-capital.com/blog/bitcoin-obsoletes-all-other-money/
To check out the rest of the audio collection for the Unchained Blog, check out the site:
https://thecryptoconomy.com/collections-new/
Also mentioned on the show was Nick Szabo's excellent piece, "Money, Blockchains, & Social Scalability."
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_066---Money--Blockchains--and-Social-Scalability-e2ndsj
As a follow up to Nic Carter's excellent breakdown of the efficient market hypothesis, and PlanB's piece addressing the market's evaluation of the risks in Bitcoin, I go through the reasons I feel the market both is very unwilling and unconfident about the consequences of the halving, and therefore sees it not as "known information," but more a blind gamble.
For diving deeper into the many topics and works that I brought up, here are the links of all those I remembered:
• Nic Carter's "Introduction to the Efficient Market Hypothesis"
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_343---Introduction-to-the-Efficient-Market-Hypothesis-for-Bitcoiners-Nic-Carter-eac03b
• PlanB's "Efficient Markets and Bitcoin's Stock-to-Flow"
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_344---Efficient-Markets--Bitcoins-Stock-to-Flow-PlanB-eaco0i
• Hayek's "Use of Knowledge in Society" [Part 1 & 2]
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_250---Use-of-Knowledge-in-Society-Part-1---F--A--Hayek-e43pfj
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_251---Use-of-Knowledge-in-Society-Part-2---F--A--Hayek-e444k0
• Parker Lewis's "Bitcoin is Not Backed by Nothing"
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_335---Bitcoin-is-Not-Backed-by-Nothing-Parker-Lewis-e9v1rs
• Hoppe's "Yield From Money Held Reconsidered"
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_122---The-Yield-From-Money-Held-Reconsidered-e2ndqn
• Conner Brown's "Bitcoin Has No Intrinsic Value, & That's Great!"
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_249---Bitcoin-Has-No-Intrinsic-Value---Thats-Great--Conner-Brown-e43bcm
Don't forget to grab your tickets to BitBlockBoom and use the offer code CC for a 30% discount!
https://bitblockboom.com/
"A first reaction could be that it is a great investment opportunity. A better reaction (from an EMH and non arbitrage point of view) would be that it is too good to be true." - PlanB
If the efficient market hypothesis requires that known events be priced in, then how could the S2F be a model for Bitcoin's price? When such an obvious and unchanging piece of information is available, shouldn't the market price it in? Continuing with the foundation laid from yesterday's article, we read Plan B's piece on what a risk & return model might tell us about the market's pricing of Bitcoin ahead of the halving.
Drop some applause on the original article at the link below and don't forget to follow @100TrillionUSD (PlanB) if you haven't already!
https://medium.com/@100trillionUSD/efficient-market-hypothesis-and-bitcoin-stock-to-flow-model-db17f40e6107
"So is the halving “priced in” or will it be a catalyst for appreciation? [...] I consider it patently absurd that a change in issuance would have been overlooked by the price-setting entities." - Nic Carter
You are definitely gonna want to hear Nic's incredibly thorough argument as to why in this article! Breaking down the EMH, its origins, the many different iterations of the concept, & how best to frame it in the context of a real world market; Nic gives us another excellent work that is a must listen for all Bitcoiners.
Don't forget to drop some applause on the original article below, and follow Nic on Twitter!
https://medium.com/@nic__carter/an-introduction-to-the-efficient-market-hypothesis-for-bitcoiners-ed7e90be7c0d
"Because of their digital nature, many people still object to bitcoin, refuse to take it seriously or consider it altogether too scary. [...] It’s the perfect combination of the advantages from the analog as well as the digital world." - Pascal Hugli
Don't miss another great article from Bitcoin Magazine on the incredible change that the digital world is unleashing on our society and where we may find a drop of truth in an ocean of uncertainty. Check out the full article plus tons of other great reads at the links below.
https://bitcoinmagazine.com/articles/bitcoin-and-the-primacy-of-the-digital-world
Don't forget to follow the author and BitcoinMagazine on Twitter for the very best bitcoin content!
https://twitter.com/pahueg
https://twitter.com/BitcoinMagazine
A special thanks to both the LTB Network for sharing this out among some of the best podcasts in the space & of course my lovely patrons who support turning all of the best works in Bitcoin into the audio versions they deserve!
www.patreon.com/thecryptoconomy
"Not since the gunpowder revolution were ordinary men & women able to stand up to those who chose to oppress or rule them unjustly. Only this time, it can be done in a non-violent method, whereby one can peacefully opt out" - Aleks Svetski
Today we read the epic conclusion to our walk through The Bitcoin Times Ed 2 with a piece from the founder, Aleks Svetski, "The Rise of the Individual." For the revolutionaries, the visionaries, and the dissidents, this article is not to be missed.
Drop some applause on this and all the excellent articles made available in The Bitcoin Times publication. Visit the Medium page below to show your appreciation!
https://medium.com/the-bitcoin-times/the-rise-of-the-individual-ba286eb6951f
https://medium.com/the-bitcoin-times
"Unlike Paypal, Venmo, or traditional payment processors, it cannot deplatform you for wrongthink, holding subversive political views, being a sex worker, or legally selling cannabis. Ours is the biggest possible tent. Don’t be distracted by the online discourse. Bitcoin is utterly indifferent to the political views of its users." - Nic Carter
Getting close to finishing the amazing collection of articles in The Bitcoin Times Ed 2, and today we need another great one, by returning author Nic Carter, titled - The Cat is Out of the Bag. This one is not to be missed.
Check out and drop some applause on this piece by following the link below. Follow Nic Carter, TimelessBitcoin, & Alek Svetski on Twitter for more work like this!
https://medium.com/the-bitcoin-times/the-cat-is-out-of-the-bag-fc1344c46bc1
And of course if you'd like to support the show as well as join in the fun over in the Cryptoconomy Telegram Group, become a Patron!
patreon.com/thecryptoconomy
"It is therefore a universal truth that all work has a measurable cost of energy transformation due to the very nature of the universe, and the laws of thermodynamics. It is with these laws that we underpin Bitcoin’s Proof-of-Work." - Rory Highside
Don't miss the next piece in The Bitcoin Times 2nd Ed about how the Bitcoin system is both constrained and forces cooperation by leveraging the fundamental laws of the universe!
Check out and drop some applause on this piece by following the link below, don't forget to follow Rory and TimelessBitcoin on Twitter for more work like this!
https://medium.com/the-bitcoin-times/proof-of-work-the-fundamental-laws-of-physics-and-nature-33d95167c57a
"Prices are the coordinating force of a free market system. Each individual decision-maker can rely on the prices of goods and services to help with their decision making, as the prices themselves are a distillation of all known market information into a single metric." - Dan Held
This is one of those articles that just explores the emergent brilliance of the free market system & easily got me into a near 40 minute rant afterward. Prices are not arbitrary, and a market price is quite possibly the most information dense piece of actionable data you can find anywhere. Learn all about it, in this piece from The Bitcoin Times Ed 2, "The Information Theory of Money."
Below are the links to follow Dan Held for more great work, drop some applause on this article, and follow @timelessbitcoin so you don't miss anything from this publication:
https://twitter.com/danheld
https://medium.com/the-bitcoin-times/information-theory-of-money-36247aebdfe1
https://twitter.com/TimelessBitcoin
Things you must also listen to because I told you to!
• Hayek's "Use of Knowledge in Society"
Part 1 - https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_250---Use-of-Knowledge-in-Society-Part-1---F--A--Hayek-e43pfj
Part 2 - https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_251---Use-of-Knowledge-in-Society-Part-2---F--A--Hayek-e444k0
• Leonard Reed's "I, Pencil"
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_123---I--Pencil-Leonard-E--Read-e2ndqm
• TEDtalk "How I Built a Toaster... from Scratch"
https://www.ted.com/talks/thomas_thwaites_how_i_built_a_toaster_from_scratch#t-12942
If you are enjoying the show & would like to support my work in turning all of the most fascinating and profound works in the Bitcoin space into the audio versions they deserve, become a patron! Not to mention you will get access to the Crpytoconomy Telegram Crew where we hang out and worship the Light of Nakamoto! XD
www.patreon.com/thecryptoconomy
“Gold, the ancient and prevailing monetary sovereignty layer (representing an unmanipulable money supply), and the internet, the ultimate engine of exchange (representing global interconnectivity or liquidity). By combining and building upon the economic properties of both, Bitcoin is a momentous monetary innovation that has achieved the divisibility, portability, durability, and recognizability of pure information infused with the absolute scarcity of time.” - Robert Breedlove
Don’t miss the continuing journey through The Bitcoin Times 2nd Ed, with Breedlove’s excellent piece, “Bitcoin & the Tyranny of Time Scarcity”
Drop some applause on this article by following the link below, and don’t forget to check out @timelessBitcoin and @breedlove22 on Twitter for more work like this one.
https://medium.com/the-bitcoin-times/bitcoin-and-the-tyranny-of-time-scarcity-1d1550dfd8b0
Other works discussed in the commentary:
• Knut Svanholm's "Sovereignty Through Mathematics"
Part 1 - https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_308---Sovereignty-Through-Mathematics---Part-1-Knut-Svanholm-e7tak7
Part 2 - https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_309---Sovereignty-Through-Mathematics---Part-2-Knut-Svanholm-e7vgr1
Part 3 - https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_310---Sovereignty-Through-Mathematics---Part-3-Knut-Svanholm-e8198t
Part 4 - https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_311---Sovereignty-Through-Mathematics---Part-4-Knut-Svanholm-e851te
Part 5 - https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_312---Sovereignty-Through-Mathematics---Part-5-Knut-Svanholm-e86lbt
• Parker Lewis's "Bitcoin Can't Be Copied"
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_291---Bitcoin-Cant-Be-Copied-Parker-Lewis-e58g11
• Hayek's "Use of Knowledge in Society"
Part 1 - https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_250---Use-of-Knowledge-in-Society-Part-1---F--A--Hayek-e43pfj
Part 2 - https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_251---Use-of-Knowledge-in-Society-Part-2---F--A--Hayek-e444k0
Diving into the many incredible works made available in The Bitcoin Times Ed 2! Today we read Gigi's great piece "Bitcoin's Eternal Struggle" on the intricate dance between that which is built in randomness & entropy, and that which is created with complete unambiguity, with strict universal validation. This week is not to be missed.
Check out and drop some applause on the original at the link below. Don't forget to follow Gigi, and TimelessBitcoin on Twitter so you don't miss the incredible work made available for everyone.
https://medium.com/the-bitcoin-times/bitcoins-eternal-struggle-2c197f1bafd8
https://sites.google.com/getamber.io/thebitcointimes/
https://twitter.com/dergigi
Don't forget that if you are enjoying the show & would like to support my work in turning all of the most fascinating and profound works in the Bitcoin space into the audio versions they deserve, become a patron! Not to mention you will get access to the Crpytoconomy Telegram Crew where we hang out and worship the Light of Nakamoto! XD
www.patreon.com/thecryptoconomy
"To provide broader context, the Federal Reserve, the Bank of Japan and the European Central bank have collectively created $10 trillion dollars-worth of new money since the financial crisis, the equivalent of approximately $500,000 per bitcoin. Despite dollars, euro, yen and bitcoin all being digital, bitcoin is the only medium that is tangibly scarce and the only one with inherent monetary properties." - Parker Lewis
Continuing the awesome Gradually, then Suddenly series on the Unchained Capital Blog, we hit today's read, Bitcoin is Not Backed by Nothing. An amazing journey through the nature of our current monetary insanity, & the profound immutability of Bitcoin it must now compete with. TL;DR there is no comparison.
https://www.unchained-capital.com/blog/bitcoin-is-not-backed-by-nothing/
Don't forget to check out the Unchained Capital Blog and the other amazing parts of this Series by checking out the Uchained Collection Below:
(check back soon)
https://www.unchained-capital.com/blog/
Don't forget that if you are enjoying the show & would like to support my work in turning all of the most fascinating and profound works in the Bitcoin space into the audio versions they deserve, become a patron! Not to mention you will get access to the Crpytoconomy Telegram Crew where we hang out and worship the Light of Nakamoto! XD
www.patreon.com/thecryptoconomy
A most profound aspect of Bitcoin is that we know, with certainty, what the monetary policy will be no matter how far we look into the future. If we choose to secure sound money for the world, then we have to establish the important markets, build the tools and protocols, and most importantly make the tough decisions *now, * instead of kicking the can down the road. Following the first era, this required a change with how we used this incredible resource. And just like last time, we will have to change again. The Third Era will come with yet another Bitcoin civil war. Are we preparing for that future, or are we complacent in the present?
A new recording with some fresh commentary, we read a great piece that I totally forgot I had already covered on the show, but that deserves a second round anyway, Rusty Russell's "The Three Economic Eras of Bitcoin"
https://medium.com/@rusty_lightning/the-three-economic-eras-of-bitcoin-d43bf0cf058a
https://twitter.com/rusty_twit
Carcampit from the Friends Against Government Podcast joins me to close out 2019 with a discussion on the crazy changes we have seen this year, both in Bitcoin and in so many other areas. We discuss...
• The Stock-to-Flow model
• Binance & Censoring Coinjoins
• The Eurochain
• Strip Searching your Devices
• The Year of Lightning
• New Media
• A Bright Future for Privacy
& much more!
Closing out an extraordinary year in 2019 has us looking forward at 2020 & Beyond. What will we bring to Bitcoin, and what could Bitcoin bring to us? Today we read an amazing thread by John Newbery on the exceptional list of tools and technologies making their debut on the Bitcoin and Lightning protocol stack that will change everything about how we interact with and use this incredible technology. So much exciting stuff to go over, don’t miss “A Bitcoin Roadmap” twitter thread by John Newbery.
Link to John's thread and thorough list of links included to explore the tons of improvements on the horizon, or already available to be built with. I highly encourage a dive down this rabbit hole!
https://twitter.com/jfnewbery/status/1208559196465184768
• Jack Mallers & Announcing Olympus (fiat-to lightning in seconds)
https://twitter.com/JackMallers
[audio] https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_299---Announcing-Olympus--From-Fiat-to-Lightning-in-Seconds-Jack-Mallers-e5j7ko
• Schnorr & Privacy by Lucas Nuzzi
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_226---Schnorr-Signatures--The-Inevitability-of-Privacy-in-Bitcoin-Lucas-Nuzzi-e3jfhi
• Taproot is Coming by Aaron Van Wirdum
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_318---Taproot-is-Coming-Aaron-van-Wirdum-e8um0c
• Lightning & the "Noinput Class" by Aaron Van Wirdum
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_297---Simplifying-Lightning--The-Noinput-Class-Aaron-Van-Wirdum-e5fhoa
If you want to support the show and join the Cryptoconomy Telegram crew, become a patron below!
https://www.patreon.com/thecryptoconomy
"The precursors of money, along with language, enabled early modern humans to solve problems of cooperation that other animals cannot – including problems of reciprocal altruism, kin altruism, and the mitigation of aggression. These precursors shared with non-fiat currencies very specific characteristics – they were not merely symbolic or decorative objects." - Nick Szabo
If you haven't listened to it yet, the time is now. If you have listened to it, then it can't hurt to listen to it again. One of the most essential prerequisites in the Bitcoin space to shine a light on the foundations of money, its history, and the nature of its origins. Today we reboot Nick Szabo's incredible piece, "Shelling Out: The Origins of Money."
Check out the original piece hosted on the Nakamoto Institute, and of course the unenumerate blog where you can find hundreds of other excellent posts and works by Nick Szabo.
https://nakamotoinstitute.org/shelling-out/
https://unenumerated.blogspot.com/
"At the end of the day, everyone has to believe in something; might as well believe in something verifiable and unforgeable." - Hass McCook
As I walk in the valley of fiat, I shall not fear the Economic Reckoning! You don't want to miss this awesome piece by @FriarHass on the "True Believers" of Bitcoin, and why it is not only a religion, but the one True Way. One of the many great articles in the recently released edition 2 of The Bitcoin Times. Check out the amazing links below for more great work and to drop some applause on this wonderful piece!
Original Article:
https://medium.com/the-bitcoin-times/the-passion-of-the-believers-bf26f3b46315
The Bitcoin Times Editions 1 & 2
https://sites.google.com/getamber.io/thebitcointimes/
If you want to support the tons of work in making audio versions and expanding on all the best written works around Bitcoin and the Cryptoconomy, become a patron below!
https://patreon.com/thecryptoconomy
Is there a single key factor in the difference between the assurances in PoS vs PoW? The knowledge and proof that there is a real world, inescapable cost to both producing the currency, & editing the chain history - unforgeable costliness. Learn about this, the private keys attacks that risk entire contesting histories in PoS systems, and to the nothing-at-stake problem. This and more in today's read!
Check out the original (hit that applause button) plus the other great pieces Hugo has on his Medium page!
https://medium.com/@hugonguyen/proof-of-stake-private-keys-attacks-and-unforgeable-costliness-the-unsung-hero-5caca70b01cb
For a deeper dive into unforgeable costliness, listen to the absolute essential read, by Nick Szabo, "Shelling Out, The Origins of Money."
https://anchor.fm/thecryptoconomy/episodes/Shelling-Out---The-Origins-of-Money-Nick-Szabo-e2ndom
If you want to support the tons of work in making audio versions and expanding on all the best written works around Bitcoin and the Cryptoconomy, become a patron below!
https://patreon.com/thecryptoconomy
What is the true set of differences between Proof of Work, and Proof of Stake? What are the engineering mindsets behind them both, and which is built explicitly to survive in the worst-case scenarios?
Find out this and more in today’s read of Hugo Nguyen’s excellent piece “Proof of Stake & the Wrong Engineering Mindset.” This will be the beginning of a short series that will finish out our week attacking the PoS design from all angles. Subscribe so you don’t miss it.
Follow Hugo on Twitter and Medium to explore his other great work and so you don't miss his next one!
https://twitter.com/hugohanoi
https://medium.com/@hugonguyen/proof-of-stake-the-wrong-engineering-mindset-15e641ab65a2
Other great Episodes and works mentioned in today’s commentary:
Nassim Taleb's "Block Swan"
https://www.amazon.com/Black-Swan-Improbable-Robustness-Fragility/dp/081297381X/ref=sr_1_1?keywords=black+swan+nassim&qid=1576710842&s=books&sr=1-1
CarCampit's "Bitcoin Blockade runner"
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_160---Bitcoin--Blockade-Runner-of-the-Information-Age-CarCampit-e2ndpf
The Drunkard's Walk
https://amzn.to/2Mzzr2K
The Bitcoin Survivor's Book List
https://thecryptoconomy.com/bitcoin-survivors-book-list/
Hugo Nguyen's other great articles in audio:
Ethereum Architecture is Flawed
• https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_223---Ethereum-Architecture-is-Flawed-Hugo-Nguyen-e3i5k1
Anatomy of Proof of Work
• https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_158---Anatomy-of-Proof-of-Work-Part-1---Hugo-Nguyen-e2ndpg
Bitcoin, Chance, and Randomness
• https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_159---Bitcoin--Chance--and-Randomness-Part-2---Hugo-Nguyen-e2ndpi
If you want to support the show and join the Cryptoconomy Telegram crew, become a patron below!
https://www.patreon.com/thecryptoconomy
Don't forget to check out the Bitcoin Magazine Podcast and follow Dave on Twitter!
https://twitter.com/DsHollers
https://twitter.com/BitcoinMagazine
Additional resources from the chat:
• Does Bitcoin Need Accountants? (audio)
• A Most Peaceful Revolution (audio)
• Cryptoconomy website
• Bitcoin Time Traveller (audio)
• Bitcoin Is Worse Is Better (audio)
• The Sovereign Individual
Another clever & censorship resistant system for identity within the Bitcoin system is being proposed. Called "Easypaysy," developer Jose Femenias Canuelo has created a system to safely & independently create a static on-chain account system, that would solve the need both of having to reuse Bitcoin addresses, & having to constantly generate new ones for every payment. Today we read the Bitcoin Magazine article by none other than Aaron Van Wirdum breaking down exactly what it is, how it works, and what it might mean for the future of interfacing with the Bitcoin system.
A huge thank you to the Let's Talk Bitcoin Network and the crew over at Bitcoin Magazine for letting me cover all of their incredible content! Its exciting to join the many great shows on the LTBnetwork and get the best written works in Bitcoin to all those who don't have the time to read them. Don't forget to check out the full article plus other links to the white paper for further exploring this new tool:
https://bitcoinmagazine.com/articles/bitcoin-need-accounts-one-developer-thinks-figured
https://twitter.com/BitcoinMagazine
https://twitter.com/AaronvanW
Do NOT miss out on Aaron's other works, here's a list of a handful of his other great articles we've covered in audio:
• Taproot is Coming
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_318---Taproot-is-Coming-Aaron-van-Wirdum-e8um0c
• Simplifying Lightning, The "No Input" Class
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_297---Simplifying-Lightning--The-Noinput-Class-Aaron-Van-Wirdum-e5fhoa
• A Cryptoconomy Chat with Aaron VW!
https://anchor.fm/thecryptoconomy/episodes/CryptoChat_018---Investigating-Bitcoin-with-Aaron-Van-Wirdum-e4rt9e
• Statechains - Sending Keys, Not Coins
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_272---Statechains--Sending-Keys-Not-Coins-Aaron-Van-Wirdum-e4mue1
• Understanding the Lightning Network Parts 1-3
Part 1 - https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_047---Understanding-The-Lightning-Network-Part-1-e2ndtd
Part 2 - https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_048---Understanding-The-Lightning-Network-Part-2-e2ndt4
Part 3 - https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_049---Understanding-The-Lightning-Network-Part-3-e2ndtc
Next up in the Gradually, Then Suddenly series by Parker Lewis and available on the incredible blog over at unchained-capital.com is "Bitcoin, Not Blockchain."
There is nothing about blockchain that makes it inherently immutable. Immutability emerges over time as the consequence of economic incentives and a native monetary unit that secures those incentives. It is hard won in the battle of monetary competition, something that cannot be copied or challenged with frivolous features, or arbitrary "utility." Parker breaks it all down in his great article, "Bitcoin, Not Blockchain."
Don't forget to check out the Unchained Capital Blog for tons of great written works by Parker and others:
https://www.unchained-capital.com/blog/bitcoin-not-blockchain/
Check out all the other great pieces we've covered recently in the Gradually, Then Suddenly series:
Gradually, then Suddenly [the series so far]
1 - https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_290---Gradually--Then-Suddenly-Parker-Lewis-e55nu4
2 - https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_291---Bitcoin-Cant-Be-Copied-Parker-Lewis-e58g11
3 - https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_302---Bitcoin-is-Not-Too-Volatile-Parker-Lewis-e6diss
4 - https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_306---Bitcoin-Does-Not-Waste-Energy-Parker-Lewis-e7ojph
5 - https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_321---Bitcoin-is-Not-Too-Slow-Parker-Lewis-e93sbj
6 - https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_324---Bitcoin-Fixes-This-Parker-Lewis-e97cia
If you want to support the show and join the Cryptoconomy Telegram crew, become a patron below!
https://www.patreon.com/thecryptoconomy
The scams in the Bitcoin & crypto space are, unfortunately, not low in number. Sometimes the only safe option is to ignore them, but there are the few occasions that require a thorough breakdown of just how the scam works, in hopes of protecting the often naive and uninformed noobs that enter this space. Today we read a piece by Goldman Sats breaking down the inner workings of the HEX scam, and how it is designed for one thing, and one thing only, to take your money.
Listen to find out more!
Don’t forget to drop the max applause on this article and for @TooWumboToFail’s excellent research into how this works and making it available to everyone. And if you ever hear word of someone thinking of participating, don’t forget to send them to this article or episode before they do.
https://medium.com/@TooWumboToFail/under-a-hex-396847b86e57
Here is the "advanced analysis of how HEX works" link buried in the website so anyone who wants to explore further can do so.
https://docs.google.com/document/d/1P0ZDaBQx4ghkdX5IUwZb1n8ThvYf7i22MSt9Gm00JRU/edit
If you want to support the show and join the Cryptoconomy Telegram crew, become a patron below!
https://www.patreon.com/thecryptoconomy
Is Bitcoin really a religion?
Is all money some form of religious institution?
What happened to Virgil Griffith?
Are juries the best or worst idea for finding justice?
These are the important questions that we answer at the Raleigh Meetup Podcast! Listen to today's episode and dont forget to check out the Raleigh Meetup podcast for an awesome chat every week!
Is Bitcoin the perfect money, or is it the worst money that solves the most essential problem, as simply and reliably as possible? In true "New Jersey” style, Bitcoin doesn’t attempt to be everything, it attempts to do ONE thing as beautifully, & as unambiguously as possible.
Today we read a fascinating piece from Bitcoin’s rich history, originally published in 2011, and edited, added to, and updated for years since. At Gwern.net, Bitcoin is Worse is Better:
https://www.gwern.net/Bitcoin-is-Worse-is-Better
Don’t forget to check out the original piece with a literal ocean of links and further exploration. If you want to waste 15 minutes, or half a day, there’s more than enough to explore.
As a great (& short) read to accompany this on the “Rise of Worse is Better” philosophy, check out the original post by Richard P. Gabriel below:
https://dreamsongs.com/RiseOfWorseIsBetter.html
For more on the history of Bitcoin, the open source movement, and the “worse is better” design philosophy, I highly recommend the Iterative Capital Thesis on The Cryptocurrency Phenomenon:
https://anchor.fm/thecryptoconomy/episodes/Whats-Really-Driving-the-Cryptocurrency-Phenomenon----The-Iterative-Capital-Thesis-e2u7qq
If you want to support the show and join the Cryptoconomy Telegram crew, become a patron below!
https://www.patreon.com/thecryptoconomy
For everyone that tells you Bitcoin is a stagnant technology going nowhere, this is the article to point them to. Another be returning author Lucas Nuzzi, we cover a piece that touches on the plethora of developments happening across all fronts in the Bitcoin ecosystem. Much like the development of the internet, Bitcoin has the benefit of building a modular protocol stack to solve a vast array of problems without compromising the underlying network. A great read to close the week.
Follow Lucas Nuzzi on Twitter, be sure to drop some applause on the article, check out the link to explore all the crazy stuff discussed in this piece, and lastly check out Digital Assets Research for more great work:
https://medium.com/digitalassetresearch/a-look-at-innovation-in-bitcoins-technology-stack-7edf877eab14
Check out the other great reads we have by Lucas!
Schnorr Signatures & the Inevitability of Privacy
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_226---Schnorr-Signatures--The-Inevitability-of-Privacy-in-Bitcoin-Lucas-Nuzzi-e3jfhi
The Resolution of the Big Block Experiment
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_218---The-Resolution-of-the-Big-Block-Experiment-Lucas-Nuzzi-e3g7ms
The Liquid Network w/ Thoughts from Lucas Nuzzi
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_166---Liquid-Network-Launch-and-Thoughts-from-Lucas-Nuzzi-e2ndp8
If you want to support the show and join the Cryptoconomy Telegram crew, become a patron below!
https://www.patreon.com/thecryptoconomy
Money is the tool that enables human exchange and prosperity...
Bitcoin is a sovereign, sound, digital form of money...
Time is the only true scarcity that exists for humanity...
Listen to a walk through the Bitcoin perspective and the rich history that enlightens the story for Bitcoin's immense monetary potential. Reading the unabridged audiobook of Money, Bitcoin & Time, written by Robert Breedlove. Link below to the original PDF to explore the data and graphics or the extraordinary list of reads in the sources on pages 89-90.
https://www.parallaxdigital.io/blog
Another of the many great pieces from Nik Bhatia getting into the impact and scope of the system that the Lightning Network could become. Bitcoin is neither just a store of value, nor just a medium of exchange, it's both. The LNP/BP protocol stack is taking us into the future, hear all about it in today's read from Nik Bhatia, now part the OpenNode team, titled "The Lightning Network: Why I Quit the Bond Market for Bitcoin."
Link to Nik's Twitter and the original article on his Medium page:
https://twitter.com/timevalueofbtc
https://medium.com/@timevalueofbtc/the-lightning-network-why-i-quit-the-bond-market-for-bitcoin-12693120039f
The other great pieces by Nik we have covered on the show:
The Triumvirate of Liquidity
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_317---The-Triumvirate-of-Liquidity-Nik-Bhatia-e8t41e
Bitcoin is a Human Right
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_269---Bitcoin-is-a-Human-Right-Nik-Bhatia-e4jtga
The Business of Bitcoin Cold Storage
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_182---The-Business-of-Bitcoin-Cold-Storage-Nik-Bhatia-e2ndoj
Our 3rd ever Interview with Nik Bhatia all about the future of Capital Markets
https://anchor.fm/thecryptoconomy/episodes/CryptoChat_003---Nik-Bhatia-on-The-Future-of-Bitcoin-Financial-Markets-e2ndqv
The Bitcoin Second Layer
https://cryptoconomy.podbean.com/e/cryptoquikread_132-the-bitcoin-second-layer/LNRR
The Time Value of Bitcoin
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_143---The-Time-Value-of-Bitcoin-e2ndq2
The Bitcoin Risk Spectrum
https://cryptoconomy.podbean.com/e/cryptoquikread_109-the-bitcoin-risk-spectrum/
Grab your copy of the Little Bitcoin Book or listen to the audiobook read by me!
https://www.amazon.com/Little-Bitcoin-Book-Matters-Finances/dp/1641990503/ref=sr_1_1?crid=2K1ZY3IJWOWZE&keywords=the+little+bitcoin+book&qid=1575326799&sprefix=the+littel+bitcoin%2Caps%2C156&sr=8-1
Join me at the Bitcoin maximalist conference next year! Get tickets for BitBlockBoom2020 at the link below - offer code CC for 30% off! BitBlockBoom.com
Don't be the oblivious boomer who lets their hard work get sucked away by that garbage Boomer Bucks currency. Be a part of the future, and Buy Bitcoin!
Another fun chat with the Raleigh Bitcoin Meetup!
Check out the Raleigh Meetup Podcast and subscribe so you don't miss them:
https://anchor.fm/raleigh-bitcoin-meetup
Get your copy of "The Little Bitcoin Book" in print or audio (read by your truly) for those long holiday drives:
https://www.amazon.com/Little-Bitcoin-Book-Matters-Finances-ebook/dp/B07W957N7T
Join me at BitBlockBoom2020 for an awesome time with the best of the Bitcoin maximalists!
https://bitblockboom.com/
And of course, if you want to join the Cryptoconomy Telegram and hang out with the crew, become a patron below:
https://www.patreon.com/thecryptoconomy
An economy leveraged 150:1
A spiraling tower of debts to pay for our previous debts
Central Banks repeating the same policies that caused our problems as their solutions
The confiscation through counterfeit of $Trillions in economic production
Massive distortions of the price mechanism
& monetary authorities who argue over not whether they should, but by how much they will debase our hard earned money
Bitcoin Fixes This.
Part 6 in the Gradually, Then Suddenly series by Parker Lewis from the Unchained Capital blog.
Unchained just dropped the "greatest hits" collection of their blog, tons of great content to explore below:
https://unchainedcap.wpengine.com/greatest-hits/
Mentioned in the show:
Use of Knowledge in Society - Parts 1 & 2
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_250---Use-of-Knowledge-in-Society-Part-1---F--A--Hayek-e43pfj
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_251---Use-of-Knowledge-in-Society-Part-2---F--A--Hayek-e444k0
If you want to support the show and join the Cryptoconomy Telegram crew, become a patron below!
https://www.patreon.com/thecryptoconomy
To think of the value of a global, jurisdiction-less, "money-for-enemies" network as nothing more than the result of how many transactions it can do on the base layer, is to miss the point entirely. The difference between the payments systems and settlement systems of the world, their degree of assurances, and the desirable characteristics of their operation are often diametrically opposed. Listen to another of Nic Carter's excellent pieces to learn all about how "Transaction Count is an Inferior Measure."
Check out the original post (great charts illustrating his argument) on Nic's Medium page, plus the tons of other great written content he publishes regularly:
https://medium.com/@nic__carter/transaction-count-is-an-inferior-measure-fba2d5ac97f1
Another great tool to show the relative "speed" of competing networks:
https://howmanyconfs.com/
Other great work in audio from Nic Carter:
• A Most Peaceful Revolution
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_293---A-Most-Peaceful-Revolution-Nic-Carter-e5bfpm
• A Most Peaceful Revolution (Guy's Follow Up)
https://anchor.fm/thecryptoconomy/episodes/GuysTake_23---Revolution-in-the-Protocol-on-Nic-Carters-Peaceful-Revolution-e5cap9
• Unpacking Bitcoin's Assurances
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_281---Unpacking-Bitcoins-Assurances-Nic-Carter-e4sn3r
• How to Scale Bitcoin Without Changing a Thing [parts 1 & 2]
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_238---How-to-Scale-Bitcoin-Without-Changing-a-Thing-Part-1---Nic-Carter-e3qgfg
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_239---How-to-Scale-Bitcoin-Without-Changing-a-Thing-Part-2---Nic-Carter-e3qsvi
• Bitcoin's Existential Crisis
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_181---Bitcoins-Existential-Crisis-Nic-Carter-e2ndok
INTRODUCTION
At the end of the 16th century, a rag tag group of rebel intellectuals and entrepreneurs founded a country on some of the least desirable land in Europe—so often flooded that it needed hundreds of miles of moats - while fighting an eighty year long war against the largest empire in the world.
From this struggle and melting pot of ideas emerged the Dutch and British golden ages, innovative economic institutions that changed the world, as well as one of America’s most successful socio-economic experiments: New York City.
This report makes the case that the 21st century emergence of bitcoin, encryption, the internet, and millennials are more than just trends; they herald a wave of change that exhibits similar dynamics as the 16-17th century revolution that took place in Europe.
...
Author - Tuur Demeester
The World Has Gone Mad, & the System is Broken. Ray Dalio drops a bomb recently with his post showing the sorry state of our money, the cracks in our world monetary system, and the coming paradigm shift. A short piece that requires much ranting, don't miss it.
Link to the original post and Ray Dalio's twitter page:
https://www.linkedin.com/pulse/world-has-gone-mad-system-broken-ray-dalio/
https://twitter.com/RayDalio
Other great works mentioned in this show:
The Case for Electronic Cash
https://anchor.fm/thecryptoconomy/episodes/The-Case-for-Electronic-Cash-Jerry-Brito-e3rhj6
Use of Knowledge in Society - Parts 1 & 2
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_250---Use-of-Knowledge-in-Society-Part-1---F--A--Hayek-e43pfj
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_251---Use-of-Knowledge-in-Society-Part-2---F--A--Hayek-e444k0
How is Fiat Money Possible - Parts 1-3
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_234---How-is-Fiat-Money-Possible-Part-1---Hans-Hermann-Hoppe-e3odu1
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_235---How-Is-Fiat-Money-Possible-Part-2---Hans-Hermann-Hoppe-e3oon2
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_236---How-Is-Fiat-Money-Possible-Part-3---Hans-Hermann-Hoppe-e3p2k1
And if you want to start down a rabbit hole...
WTFHappenedin1971.com
The 5th installment of the always fascinating "Gradually, then Suddenly" series from Parker Lewis and Unchained Capital. What is the real problem that Bitcoin solves, and how does it compare to the alternatives? Are mass payments an impossible problem, and isn't Bitcoin too slow to be global money? This piece is packed with digital gold, so don't miss it!
Link the the original article so you can get a head start and check out all the other incredible writing at Unchained-capital.com. Don't forget to follow Parker on Twitter for more of his work:
https://www.unchained-capital.com/blog/bitcoin-is-not-too-slow/
https://twitter.com/parkeralewis
Other great episodes and content to go down the rabbit hole on this one!
• Use of Knowledge in Society Parts 1 & 2
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_250---Use-of-Knowledge-in-Society-Part-1---F--A--Hayek-e43pfj
• 7 Misunderstandings of Bitcoin's Scaling Problem (this is old, forgive me)
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_038---7-Misunderstandings-of-Bitcoins-Scaling-Problem-e2ndtf
• Bitcoin & Software Reliability
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_254---Bitcoin--Software-Reliability-beautyon_-e46lnu
• Gradually, then Suddenly [the series so far]
1 - https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_290---Gradually--Then-Suddenly-Parker-Lewis-e55nu4
2 - https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_291---Bitcoin-Cant-Be-Copied-Parker-Lewis-e58g11
3 - https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_302---Bitcoin-is-Not-Too-Volatile-Parker-Lewis-e6diss
4 - https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_306---Bitcoin-Does-Not-Waste-Energy-Parker-Lewis-e7ojph
You can support this show, ensuring all the best work in Bitcoin gets the audio version it deserves, AND get access to the Cryptoconomy Crew Telegram by becoming a patron below!
https://www.patreon.com/thecryptoconomy
Today we conclude the report from Adamant Capital written by Tuur Demeester on a fascinating parallel between Bitcoin and the Protestant Reformation of the 16th and 17th centuries. A plethora of new financial tools and the flight to find security in uncertain times, and the many parallels with the role Bitcoin could play in finding a haven from the over-leveraged, over-regulated, and corrupt IMFS. Don't miss a great piece.
Links to the original works below. Again, don't forget to follow Tuur on Twitter for tons of amazing content and thoughts on the impact of this new economy.
https://docsend.com/view/ijd8qrs
https://twitter.com/TuurDemeester
Other great episodes for more details and expanding on these themes:
• Bitcoin, An Accounting Revolution
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_255---Bitcoin-An-Accounting-Revolution-Permabull-Nio-e473tj
• What's Driving the Cryptocurrency Phenomenon? An Iterative Capital Thesis
https://anchor.fm/thecryptoconomy/episodes/Whats-Really-Driving-the-Cryptocurrency-Phenomenon----The-Iterative-Capital-Thesis-e2u7qq
• A Most Peaceful Revolution [Nic Carter]
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_293---A-Most-Peaceful-Revolution-Nic-Carter-e5bfpm
• Guy's Take - Revolution in the Protocol
https://anchor.fm/thecryptoconomy/episodes/GuysTake_23---Revolution-in-the-Protocol-on-Nic-Carters-Peaceful-Revolution-e5cap9
• Bitcoin in Heavy Accumulation Part 1 & 2
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_243---Bitcoin-in-Heavy-Accumulation-Part-1---Tuur-Demeester--Michiel-Lescrauwaet-e3tnic
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_243---Bitcoin-in-Heavy-Accumulation-Part-2---Tuur-Demeester--Michiel-Lescrauwaet-e3u1gb
If you want to support the show and join the Cryptoconomy Telegram crew, become a patron below!
https://www.patreon.com/thecryptoconomy
Today we start our journey through the new report from Adamant Capital written by Tuur Demeester on a fascinating parallel between Bitcoin and the Protestant Reformation of the 16th and 17th centuries. The monopoly being undermined, the technology that catalyzes the paradigm shift, the new economic class, and the new tools of self defense. Can these shed light on our own uncertain future? Find out in...
The Bitcoin Reformation - Part 1
Links to the original works below. Don't forget to follow Tuur on Twitter as well for tons of amazing content and thoughts on the impact of this new economy.
https://docsend.com/view/ijd8qrs
https://twitter.com/TuurDemeester
Plus the other great episodes mentioned in the commentary for more details on similar concepts:
• Bitcoin, An Accounting Revolution
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_255---Bitcoin-An-Accounting-Revolution-Permabull-Nio-e473tj
• What's Driving the Cryptocurrency Phenomenon? An Iterative Capital Thesis
https://anchor.fm/thecryptoconomy/episodes/Whats-Really-Driving-the-Cryptocurrency-Phenomenon----The-Iterative-Capital-Thesis-e2u7qq
• A Most Peaceful Revolution [Nic Carter]
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_293---A-Most-Peaceful-Revolution-Nic-Carter-e5bfpm
• Guy's Take - Revolution in the Protocol
https://anchor.fm/thecryptoconomy/episodes/GuysTake_23---Revolution-in-the-Protocol-on-Nic-Carters-Peaceful-Revolution-e5cap9
• Bitcoin in Heavy Accumulation Part 1 & 2
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_243---Bitcoin-in-Heavy-Accumulation-Part-1---Tuur-Demeester--Michiel-Lescrauwaet-e3tnic
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_243---Bitcoin-in-Heavy-Accumulation-Part-2---Tuur-Demeester--Michiel-Lescrauwaet-e3u1gb
If you want to support the show and join the Cryptoconomy Telegram crew, become a patron below!
https://www.patreon.com/thecryptoconomy
Diving down the rabbit hole on the amazing privacy technologies in Bitcoin, what they are, how they can be used, and how it might change our interactions with the Bitcoin timechain in the future. Don't miss an awesome chat with Max Hillebrand!
The many links discussed in this episode for tons of awesome tech to explore further.:
Max Hillebrand's website and huge body of work:
http://towardsliberty.com/
BitcoinOps Taproot Workshop
https://github.com/bitcoinops/taproot-workshop/
Schnorr BIP
https://github.com/sipa/bips/blob/bip-schnorr/bip-schnorr.mediawiki
Taproot BIP
https://github.com/sipa/bips/blob/bip-schnorr/bip-taproot.mediawiki
Tapscript BIP
https://github.com/sipa/bips/blob/bip-schnorr/bip-tapscript.mediawiki
One of the many amazing technologies coming to Bitcoin, Taproot is one of the most promising improvements to the privacy, efficiency, & capabilities of the Bitcoin system. Another excellent article breaking it all down by Aaron Van Wirdum, published at BitcoinMagazine.com, today we read & discuss:
"Taproot Is Coming: What It Is, and How It Will Benefit Bitcoin"
https://bitcoinmagazine.com/articles/taproot-coming-what-it-and-how-it-will-benefit-bitcoin
For a deeper dive into Taproot, check out the links provided at the bottom of the article.
For more of Aaron Van Wirdum's excellent work in audio:
• Our Chat with Aaron:
https://anchor.fm/thecryptoconomy/episodes/CryptoChat_018---Investigating-Bitcoin-with-Aaron-Van-Wirdum-e4rt9e
• The "No Input Class" & Eltoo
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_297---Simplifying-Lightning--The-Noinput-Class-Aaron-Van-Wirdum-e5fhoa
• Statechains: Sending Keys, Not Coins
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_272---Statechains--Sending-Keys-Not-Coins-Aaron-Van-Wirdum-e4mue1
• Understanding Lightning Part 1
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_047---Understanding-The-Lightning-Network-Part-1-e2ndtd
• Understanding Lightning Part 2
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_048---Understanding-The-Lightning-Network-Part-2-e2ndt4
• Understanding Lightning Part 3
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_049---Understanding-The-Lightning-Network-Part-3-e2ndtc
Grab a hard copy of the latest Bitcoin Magazine edition at their store below:
https://store.b.tc/
Today, Nik Bhatia takes us through a compressed history of the Dollar, Us Treasuries, and how we found ourselves in the current global financial mess. What are the safe-haven assets of the future, what will happen to the demand during these uncertain times, & what will be Bitcoin’s role?
US Treasuries, Gold, & Bitcoin… The Triumvirate of Liquidity!
Don't forget to drop some applause on the article below, check out the Tantra Labs blog, and of course, follow Bhatia on Twitter:
https://medium.com/@TantraLabs/the-triumvirate-of-liquidity-4fe4ab48d120
https://twitter.com/timevalueofbtc
Other episodes suggested from the discussion after the read, covering and going more in depth into topics previously on the show:
• Lightning Tech in 2019 (Channel Factories)
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_248---Bitrefills-Hottest-Lightning-Tech-of-2019-e426ph
• Stop Calling Bitcoin Deflationary [Conner Brown]
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_314---Stop-Calling-Bitcoin-Deflationary-Conner-Brown-e8p1o3
• Deflation & Liberty [Hulsmann]
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_278---Deflation--Liberty-Part-1---Jrg-Guido-Hlsmann-e4q6gc
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_279---Deflation--Liberty-Part-2---Jrg-Guido-Hlsmann-e4qpvp
• World War B [Raleigh Meetup]
https://anchor.fm/thecryptoconomy/episodes/CryptoChat_024---World-War-B-The-Raleigh-Bitcoin-Podcast-e8ci9m
The much deserved Guy’s Take episode as a dedicated follow-up to the amazing work of "The Bitcoin Time Vol 1." There just wasn’t enough time to do it justice during the read, so today I give my take on the plethora of ideas conveyed in Alek Svetski’s awesome work!
Don’t forget to listen to the audio if you haven’t yet! Part 1 and 2 linked below:
Part 1 - https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_315---Blockchain-is-Dead---The-Bitcoin-Times-Vol-1---Part-1-Aleksandar-Svetski-e8r9ar
Part 2 - https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_316---A-New-Monetary-Network---The-Bitcoin-Times-Vol-1---Part-2-Aleksandar-Svetski-e8rqi1
As I said, the ideas in this piece are many & very dense. We've had entire episodes expanding on these topics that are great for a deeper journey down the rabbit hole. Here are some links to those past works that will elaborate on the many topics.
• Money blockchains social scalability
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_066---Money--Blockchains--and-Social-Scalability-e2ndsj
• Bitcoin can’t be copied
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_291---Bitcoin-Cant-Be-Copied-Parker-Lewis-e58g11
• Independent property rights
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_225---Bitcoin--the-Promise-of-Independent-Property-Rights-Hasu--Su-Zhu-e3j6b8
• I, pencil
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_123---I--Pencil-Leonard-E--Read-e2ndqm
• How The Internet is Too Complex to Work
https://anchor.fm/thecryptoconomy/episodes/GuysTake_008---The-Lightning-of-my-TCP--or-How-the-Internet-is-Too-Complex-to-Work-e32omd
• Reckless to Wumbology - The Lightning Build Out
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_206---Reckless-to-Wumbology--The-Lightning-Network-Build-Out-Arjun-Balaji-e3235m
• Origins of Money
https://anchor.fm/thecryptoconomy/episodes/Shelling-Out---The-Origins-of-Money-Nick-Szabo-e2ndom
• 7 Misunderstandings of Bitcoin’s Scaling Problem
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_038---7-Misunderstandings-of-Bitcoins-Scaling-Problem-e2ndtf
"Bitcoin is the first time we’ve combined Money as a unit, with Money as a Network, into one thing."
- Alexsandar Svetski
Dont miss part 2, the conclusion, of Aleks Svetski's excellent volume of "The Bitcoin Times." A new global monetary network, the future & potential of Lightning, the difference between money & payments, Bitcoin & the internet, investing in networks, "dumb" vs "smart," and so much more!
Check out volume 1, and be sure to not miss out on the coming editions at the link below:
https://bitcointimes.news/
For further reading and exploration of these ideas, check out the other links mentioned in today's read:
https://hackernoon.com/why-bitcoin-matters-c8bf733b9fad
https://hackernoon.com/homo-sapiens-evolution-money-bitcoin-33f69701de
If you want to support the show AND join the Cryptoconomy Telegram crew, become a patron below!
https://www.patreon.com/thecryptoconomy
"When people get up and begin to talk to me about how they’re going to use the blockchain to solve supply chain, or whatever other (mostly ridiculous) idea they have, it reminds of someone who just discovered that limestone aggregate in concrete makes for better strength and better overall properties in concrete; so they then apply it to everything else:
• They put some limestone in their green smoothie
• On their avocado and toast
• In their latte
• As a back rub on their partner’s skin
• And even as fuel in their car"
- The Bitcoin Times, Vol 1
Jumping into a 2 part covering of the first edition of The Bitcoin Times by Aleksandar Svetski and the team over at Amber. "Blockchain is Dead!" - but what is blockchain? Isn't it a breakthrough innovation that can be applied to a plethora of important data sources all around the world? Listen to find out more!
For more awesome content, be sure to follow Aleksandar on Twitter, check out the Amber app for simple Bitcoin buying, & see the awesome visual setup of "The Bitcoin Times" over at https://bitcointimes.news/
Don't forget to listen to the hilarious conversation we had with Aleks & the awesome guys from the Citizen Bitcoin Podcast at Bitcoin2019!
https://anchor.fm/thecryptoconomy/episodes/CryptoChat_014---Aleks-Svetski-on-the-Death-of-Blockchain-e4gi7h
And lastly, Conner Brown, the author of yesterday's piece "Stop Calling Bitcoin Deflationary" will be featured in the next volume of Bitcoin Times, so follow him as well so you don't miss the next edition.
If you want to support the show AND join the Cryptoconomy Telegram crew, become a patron below!
https://www.patreon.com/thecryptoconomy
Another great piece from returning author Conner Brown on the false narrative of Bitcoin's "deflationary" problems. Not only does it not result in the many naive claims of the critics, its actually our best defense against those very concerns. An article & discussion full of digital gold, so don't miss it!
Follow Conner Brown on Twitter and Medium so you don't miss his awesome insights, and if you enjoyed it, please drop some applause on the article below:
https://medium.com/@Conner_/stop-calling-bitcoin-deflationary-84462cb90345
https://twitter.com/_ConnerBrown_
Mentioned multiple times in the show and a rabbit hole unto itself, don't forget to check out WTFHappenedIn1971.com
If you want to support the show AND join the Cryptoconomy Telegram crew, become a patron below!
https://www.patreon.com/thecryptoconomy
The author of the incredible work we covered last week, Bitcoin: Sovereignty Through Mathematics, joins us on the show today to talk all about the foundations of his thinking, what sovereignty really means, why we should question our monetary priests, whether we are living in an Orwellian nightmare, or the new renaissance, human inability to understand complex systems, the gullible collective, & why we should all be more "posimistic."
Don't miss a great chat with Knut Svanholm!
Links to the tons of other content mentioned in this episode.
• Nicosia Masters Program Q&A
https://www.youtube.com/user/MScDigitalCurrency
• Article: We Are All Venezuelans
https://hackernoon.com/were-all-venezuelans-c3ac98354f52
• Hans Rosling's - 200 countries, 200 Years, in 4 Minutes
https://www.youtube.com/watch?v=jbkSRLYSojo
• TEDtalk: Building a Toaster From Scratch
https://www.youtube.com/watch?v=5ODzO7Lz_pw
• TBPAFK
https://www.youtube.com/watch?v=eTOKXCEwo_8
• You Need to Know About August 1st
https://medium.com/hackernoon/casual-bitcoin-users-you-need-to-know-about-aug-1st-d568e07418cb
• Lure Out The Beast - Driven
https://www.youtube.com/watch?v=ByTdQqVYUGM
• Grokking Bitcoin - Kalle Rosenbaum
Amazon.com...
• Sovereignty Through Mathematics - Knut Svanholm
Amazon.com...
Another great chat with the Raleigh Meetup gang about the sorry state of US and global finances, the fall of the dollar empire, prices in the real and fake economies, and what a world war in the era of Bitcoin might look like!
Don't miss the other great & many Bitcoin conversations had with the Raleigh Bitcoin gang. The link to check out the Meetup show and subscribe is below:
https://anchor.fm/raleigh-bitcoin-meetup
If you want to support this show & in addition, get access to the Cryptoconomy Telegram crew, become a patron below!
https://www.patreon.com/thecryptoconomy
Is it the miners? The developers? The nodes? Who really defines Bitcoin, who establishes the rules that make it immutable, secures it against unwanted change, and determines the protocol that distinguish a random integer, from a true Bitcoin integer?
A great piece by John Carvalho. One of the most succinct explanations on defining Bitcoin without any unnecessary technical confusion. A necessity for the Cryptoconomy Audio Library, and a wonderful follow up to the recent BTC vs BSV debate on the Hotep Jesus show.
Don't forget to drop some applause on the original article below, and follow the author, @BitcoinErrorLog, on Twitter:
https://medium.com/@BitcoinErrorLog/who-secures-bitcoin-95b19bbcda3c
https://twitter.com/BitcoinErrorLog
If you want to support the show AND join the Cryptoconomy Telegram crew, become a patron below!
https://www.patreon.com/thecryptoconomy
Closing the week with the incredible conclusion of Knut Svanholm's work! Don't forget to thank him for making this available to us and everyone for free, so we can all discover Bitcoin together. Another great addition to the Cryptoconomy Audio Library!
• A new form of life
• Is the blockchain the body of the organism?
• The necessity of privacy
• Why you should learn to surf
• The long road ahead!
Don't miss this amazing work! If you haven't listened yet, here is the full audio below:
Part 1 - https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_308---Sovereignty-Through-Mathematics---Part-1-Knut-Svanholm-e7tak7
Part 2 - https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_309---Sovereignty-Through-Mathematics---Part-2-Knut-Svanholm-e7vgr1
Part 3 - https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_310---Sovereignty-Through-Mathematics---Part-3-Knut-Svanholm-e8198t
Part 4 - https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_311---Sovereignty-Through-Mathematics---Part-4-Knut-Svanholm-e851te
If you want your own hard copy of the book don't forget it is available on Amazon:
https://www.amazon.com/Bitcoin-Sovereignty-mathematics-Knut-Svanholm/dp/1090109911/ref=sr_1_1?keywords=sovereignty+through+mathematics&qid=1571692865&sr=8-1
If you want to support the show and join the Cryptoconomy Telegram crew, become a patron below!
https://www.patreon.com/thecryptoconomy
Chapters 8 through 11 continuing our unabridged audio of Knut Svanholm's excellent book on the Bitcoin phenomenon titled, "Sovereignty Through Mathematics."
• Anyone can change Bitcoin's rules, but know one has been able to change Bitcoin
• Bitcoin is the underlying invention behind blockchain, not vice versa
• Money amplifies who we are
• Is Bitcoin an environmental disaster, or its remedy?
Subscribe to the show so you don't miss the rest of this amazing work as we read it this week. And if you want to support the show and join the Cryptoconomy Telegram crew, become a patron below!
https://www.patreon.com/thecryptoconomy
Another awesome read as we continue through Knut Svanholm's excellent book, "Sovereignty Through Mathematics." Part 3 goes into so many fascinating concepts on the nature of proof of work, and the zero-to-one invention of absolute digital scarcity.
• Proof of Work in nature
• Unforgeable Costliness
• Absolute scarcity
• Bitcoin's & marshmallows
& much more!
Don't forget to follow and give a shout out to the author for making this available for free to the Cryptoconomy crew!
https://twitter.com/knutsvanholm
Mentioned in the commentary:
• Money, Blockchains, & Social Scalability
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_066---Money--Blockchains--and-Social-Scalability-e2ndsj
Subscribe to the show so you don't miss the rest of this amazing work as we read it this week. And if you want to support the show and join the Cryptoconomy Telegram crew, become a patron below!
https://www.patreon.com/thecryptoconomy
Continuing through our unabridged reading of Knut Svanholm's excellent book available on Amazon, "Bitcoin: Sovereignty Through Mathematics."
• The inevitability of human bias
• The absurdity of fractional reserve
• Dangers of collectivism
• Bitcoin is Speech
• The Immaculate Conception
• And why decentralization is so damn hard!
https://www.amazon.com/Bitcoin-Sovereignty-mathematics-Knut-Svanholm/dp/1090109911/ref=sr_1_1?keywords=sovereignty+through+mathematics&qid=1571692865&sr=8-1
Other episodes and works mentioned in the show to dive deeper into some of the fascinating ideas discussed in today's read & commentary:
Why America Can't Regulate Bitcoin [beautyon_]
- https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_260---Why-America-Cant-Regulate-Bitcoin-beautyon_-e4b4s8
I, Pencil [Leonard Reed]
- https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_123---I--Pencil-e2ndqm
Use of Knowledge in Society [F.A. Hayek]
- https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_250---Use-of-Knowledge-in-Society-Part-1---F--A--Hayek-e43pfj
Subscribe to the show so you don't miss the rest of this amazing work as we read it this week. And if you want to support the show and join the Cryptoconomy Telegram crew, become a patron below!
https://www.patreon.com/thecryptoconomy
Today we begin through this weeks complete unabridged reading of Knut Svanholm's recent book available on Amazon, "Bitcoin: Sovereignty Through Mathematics." Another great piece to add to our audio library.
• Everything we do is a trade
• What is the impact of absolute scarcity, an idea we have never before seen manifested in society?
• And are we all now financial atheists?
Don't miss Chapters 1 & 2 today followed by a fun discussion of the ideas covered.
https://www.amazon.com/Bitcoin-Sovereignty-mathematics-Knut-Svanholm/dp/1090109911/ref=sr_1_1?keywords=sovereignty+through+mathematics&qid=1571692865&sr=8-1
Subscribe to the show so you don't miss the rest of this amazing work as we read it this week. And if you want to support the show and join the Cryptoconomy Telegram crew, become a patron below!
https://www.patreon.com/thecryptoconomy
Does Bitcoin maximalism fail the test against the economics of Ludwig Von Mises & Charles Menger, both giants of the Austrian school? Have we sacrificed sound money by limiting block space?
For a change of pace, today's read & discussion is on @SallyMayweather's article arguing the inevitable failure of BTC.
http://saltheagorist.blogspot.com/2019/08/the-economics-of-btc-maximalism.html
Don't forget to check out the amazing works of Menger & Mises to learn more:
https://mises.org/library/origins-money-0
https://mises.org/library/principles-economics
https://mises.org/library/theory-money-and-credit
Let me know what you think, and join us in the Cryptoconomy Telegram to discuss with the rest of the crew! Become a supporter on Patreon to get access and also support turning all of the best articles in Bitcoin into audio!
www.patreon.com/thecryptoconomy
"There is no more important long-term use of energy than securing the bitcoin network." Parker Lewis
Want to know why? Then you will have to listen to this amazing continuation of the "Gradually, Then Suddenly" series by Parker Lewis on the Unchained Capital blog. With endless FUD about Bitcoin's energy consumption & a total ignorance of the most critical & herculean problem Bitcoin is attempting to solve, this article could not be more on point.
Check out the blog for other great work, and follow Parker & Unchained Capital on Twitter so you don't miss their other great content!
https://www.unchained-capital.com/blog/bitcoin-does-not-waste-energy/
https://twitter.com/parkeralewis
https://twitter.com/unchainedcap
You can support this show, ensuring all the best work in Bitcoin gets the audio version it deserves, AND get access to the Cryptoconomy Crew Telegram by becoming a patron below!
https://www.patreon.com/thecryptoconomy
Recently, a bit of Twitter drama has arisen from a post that started with @JWWeatherman_'s disclosure of a perceived critical bug in the Casa Node device. Today, to start off a discussion of home network security, what self-signed certificates do/don't guarantee, and the general trade-offs between security and usability, we read CasaHODL's blog post responding to JW's concerns, and then we get Guy's take on this as a Casa Node user.
Decide for yourself and let me know what you think. Below is a link to the Casa Blog post, as well as JW's thread where he lays out his concerns:
https://twitter.com/CasaHODL/status/1183491711328276480?s=20
https://twitter.com/JWWeatherman_/status/1183510441844195329?s=20
To stay up on all the crazy developments in the space, don't forget to subscribe to show!
Disclaimer: Casa does not sponsor this show and has not contacted me about reading this post.
Continuing the wonderfully fascinating piece from yesterday's episode, all about the dynamics & game theory at play in a hash war between Mars' Muskcoin, and Earth's Bitcoin; as well as the gold rush to colonize the galaxy and establish a new blockchain (or timechain), outside the pull of Earth's center of hash.
Reading Part 2 of Dhruv Bansal's: Bitcoin Astronomy
If you missed part one, listen to it here before diving into today's show:
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_303---Bitcoin-Astronomy-Part-1---Dhruv-Bansal-e6eqo5
You can support this show, ensuring all the best work in Bitcoin gets the audio version it deserves, AND get access to the Cryptoconomy Crew Telegram by becoming a patron below!
https://www.patreon.com/thecryptoconomy
Equal parts entertaining & intellectually intriguing, we start with Part 1 of Dhruv Bansal's wonderful piece, Bitcoin Astronomy! The interplanetary center of hash, the Law of Hash Horizons, the Muskcoin Revolution, retaliation of the Bitcoin Empire, and the total economic devastation of the Hash Bomb! How could you not want to know more?
Another one from the excellent content over at the Unchained Capital Blog:
https://www.unchained-capital.com/blog/law-of-hash-horizons/
You can support this show, ensuring all the best work in Bitcoin gets the audio version it deserves, AND get access to the Cryptoconomy Crew Telegram by becoming a patron below!
https://www.patreon.com/thecryptoconomy
To think that a hard monetary asset, with a perfectly inelastic supply, could go from a $0 market with no infrastructure, liquidity, or demand, to a global monetary instrument with vast infrastructure, the highest market liquidity, demanded by billions, but that this could somehow occur *without* volatility in the price, is an absurd & deeply ignorant claim. Thoroughly debunked by Parker Lewis in the continuation of his amazing "gradually, then suddenly" series at Unchained Capital.
Bitcoin is Not Too Volatile:
https://www.unchained-capital.com/blog/bitcoin-is-not-too-volatile/
You can support this show, ensuring all the best work in Bitcoin gets the audio version it deserves, AND get access to the Cryptoconomy Crew Telegram by becoming a patron below!
https://www.patreon.com/thecryptoconomy
Following the anniversary of Ross Ulbricht's arrest, and the fall of the Silk Road experiment, we read a short but extraordinary piece, hand written in a cell by Ross, on Bitcoin's promise of freedom. What did those first adopters, when Bitcoin had no price and no market, what did they see in those digital bits? How did Bitcoin achieve its first value, and what did it mean for our world?
Don't forget to go to FreeRoss.org and sign the petition to bring attention to his injustice.
https://freeross.org
And check out the amazing (and infuriating) series, Railroaded: The Targeting & Caging of Ross Ulbricht
https://freeross.org/railroaded/
If you would like to support this show, become a patron & you will not only ensure I can keep making all of this content available, but you’ll also get to join the Cryptoconomy Crew in our Telegram group where we talk about all sorts of crazy stuff and get to share in this new world we get see grow.
https://www.patreon.com/thecryptoconomy
Quick Read #300!!! Hard to believe we have come this far withou the show. For this milestone it's time to take it back to the philosophical roots of the movement that lead to the community, the ideas, and the drive to create Bitcoin and the other tools enabling a future with a free, open, & global cryptoconomy!
From the father of the crypto anarchist movement and from its very beginnings in 1988, today we read: The Crypto Anarchist Manifesto
https://www.activism.net/cypherpunk/crypto-anarchy.html
This isn't just a technology, it's a revolution. Tim May could see that truth from the very beginning.
If you want to join in the Cryptoconomy Telegram and help support turning all of the best Bitcoin literature into audio, become a patron below!
www.patreon.com/thecryptoconomy
An awesome discussion with the squad over at the Raleigh Bitcoin Podcast. Can anyone sensibly be both pro Bitcoin & pro big government? When, if ever, do we actually sell Bitcoin? And what's the price as the stock-to-flow approaches infinity?
All this and so much more in a marathon chat with the Raleigh Bitcoin Meetup!
Don't forget to subscribe to the meetup podcast at the link below:
https://anchor.fm/raleigh-bitcoin-meetup
If you want to join in the Cryptoconomy Telegram, chat with all the gang you can hear in this episode, & help support turning all of the best Bitcoin literature into audio, become a patron below!
www.patreon.com/thecryptoconomy
Finishing up our Lightning week on the show, I've got a Guy's Take on all the different applications I think are viable here in the early days of Lightning, and also what decentralized projects may make sense on Lightning, but are pointless as "utility tokens."
• Sat4Ads (The real BAT)
• Why utility tokens are backwards economics
• Fold, BitRefill, & Lolli
• Making Bitcoin bills make sense
• Watchtowers for decentralized backups
• A new e-commerce?
& tons more!
Here's some more great listens to go deeper down the rabbit hole with today's discussion:
• Minimum Viable Decentralization [Simon Morris]
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_228---Minimum-Viable-Decentralization-e3lfo9
• Estimating and Minimizing Consumer Worry [Nick Szabo]
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_195---Estimating-and-Minimizing-Consumer-Worry-e2ndo7
• Richard Myers on a Lightning Powered Global Mesh
https://anchor.fm/thecryptoconomy/episodes/CryptoChat_013---Richard-Myers-and-a-Lightning-Powered-Global-Mesh-e4e6ga
If you want to join in the Cryptoconomy Telegram and help support turning all of the best Bitcoin literature into audio, become a patron below!
www.patreon.com/thecryptoconomy
Every so often a major development comes along that combines the available tools and you suddenly see a sharp image of what the future could look like. With Olympus, a new service from Jack Mallers & fam, getting a lightning balance and immediately spending it is as simple as the swipe of your debit card. Lightning is striking, and big things are brewing on the horizon.
Check out the original article to see the video of Jack demonstrating the service & drop some major applause while you're there!
https://medium.com/@JimmyMow/announcing-olympus-lightning-enabled-fiat-ramps-by-zap-1f5349a96ee9
Check out the new site & sign up for the Beta at the links below:
https://www.zaphq.io
https://fiattolightning.com
If you'd like to support the Cryptoconomy Project and also join in on the fun in our Telegram group, become a patron below!
https://www.patreon.com/thecryptoconomy
With another great piece from the Breez-Tech CEO we read and explore the fascinating concept of the Lightning Service Providers. What is their role? How will the market develop? Doesn't this mean Lightning is centralized? All this and so much more in a great piece from Roy Sheinfeld.
Don't forget to drop applause on the original article, catch our interview with the author, & check out the awesome Breez Lightning Wallet at the links below:
• Introducing Lightning Service Providers (medium article)
https://medium.com/breez-technology/introducing-lightning-service-providers-fe9fb1665d5f
• CryptoChat with Roy Sheinfeld
https://anchor.fm/thecryptoconomy/episodes/CryptoChat_016---Lightning-is-a-Breez-with-Roy-Sheinfeld-e4j7i3
• Breez Lightning Service
https://breez.technology
• Other Articles by Roy on the show
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_259---Lightning-at-the-End-of-the-Tunnel-Roy-Sheinfeld-e4a35k
• To explore the other amazing tech coming to Lightning
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_248---Bitrefills-Hottest-Lightning-Tech-of-2019-e426ph
And because it was that good. Don't miss the episode of Tales From the Crypt with Jack Mallers:
https://talesfromthecrypt.libsyn.com/tales-from-the-crypt-47-jack-mallers
John Vallis from the Bitcoin Rapid Fire Podcast and I have a lengthy chat all about our roads to Bitcoin, and how it has changed our view of the world. Don't miss a really fun show and be sure to check out the Rapid Fire section available at the link below.
https://anchor.fm/john-vallis/episodes/Guy-Swann-The-Audible-of-Bitcoin-e5d5j3/a-anlnf4
Today we take a dive into the future of Lightning and one of the amazing developments to make it simpler and more reliable, the new sighash flags referred to as the "Noinput Class." Who better to take us through it than Aaron Van Wirdum & Bitcoin Magazine?
Our recent interview with Aaron Van Wirdum, the extraordinary author of this work and 100s more:
https://anchor.fm/thecryptoconomy/episodes/CryptoChat_018---Investigating-Bitcoin-with-Aaron-Van-Wirdum-e4rt9e
Don't forget to check out the original article for extra clarity on how it works, and of course for the many other great articles at BitcoinMagazine.com:
The “Noinput Class”: How a Bitcoin Soft Fork Could Simplify Lightning
https://bitcoinmagazine.com/articles/noinput-class-bitcoin-soft-fork-simplify-lightning
Miniscript: How Blockstream Engineers Are Making Bitcoin Programming Easy(er)
https://bitcoinmagazine.com/articles/miniscript-how-blockstream-engineers-are-making-bitcoin-programming-easyer
Other great reading for SigHash Flags and other Bitcoin scripting details:
Raghov Sood's Blog post on signature types
https://raghavsood.com/blog/2018/06/10/bitcoin-signature-types-sighash
Bitcoin.org's Extensive Guide to Transactions
https://bitcoin.org/en/transactions-guide#introduction
And Lastly don't forget to check out the cool stuff at the Bitcoin Magazine Store:
https://store.b.tc/
Thank you so much to our recent patrons! Kirk, Jake, & Crypto Dread!! If you would like to join them and the rest of the awesome crew in the Cryptoconomy telegram, become a patron and support my turning every great piece of Bitcoin & Cryptoconomy literature into the audio version it deserves.
patreon.com/thecryptoconomy
The only thing as scarce as Bitcoin, is Time. Do you value it accordingly?
For today's read we are diving into our first piece from the awesome collection over at Epsilon Theory by Ben Hunt.
The Long Now Pt. 1 - Tick Tock
Don't forget to check out the other incredible content over at EpsilonTheory.com
Other great content mentioned in this Episode:
The Bitcoin Survivor's Book List
http://thecryptoconomy.com/bitcoin-survivors-book-list/
Rational Optimist (affiliate link)
https://www.amazon.com/gp/product/0061452068/ref=as_li_qf_asin_il_tl?ie=UTF8&tag=cryptoconomyl-20&creative=9325&linkCode=as2&creativeASIN=0061452068&linkId=3dc9331a46a005a948035d919adf933c
Your Life in Weeks (waitbutwhy.com)
https://waitbutwhy.com/2014/05/life-weeks.html
Click the link below if you want to help support my work in turning all the best written works in the Cryptoconomy into audio!
patreon.com/thecryptoconomy
Concluding the “Bitcoin” section of Money, Bitcoin & Time. So many fascinating aspects of Bitcoin covered by author Robert Breedlove in this section including:
• A new form of life
• The many-sided network effects of Bitcoin
• Positive feedback loops
• The Minority Rule
• The TrustNet
& more!
“It removes the central banks, macroeconomists, politicians, presidents, dictators and military leaders from monetary policy and payments authorization once and for all.”
If you haven't listened to the previous parts of this incredible piece, visit the links below:
Part 1 - https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_286---Money--Bitcoin--Time-Part-1---Robert-Breedlove-e52gih
Part 2 - https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_287---Money-is-a-Social-Network---Money--Bitcoin--Time-Part-2---Robert-Breedlove-e53ug5
Part 3 - https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_288---The-Economic-Nervous-System---Money--Bitcoin---Time-Part-3---Robert-Breedlove-e54u2e
Part 4 - https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_294---The-Simple-Truth-About-Bitcoin---Money--Bitcoin--Time-Part-4---Robert-Breedlove-e5djsh
Jumping back into Robert Breedlove's great piece with a thorough exploration of Bitcoin as a money, a technology, a network, and a measure of time.
• The Cost and Reward of Proof-of-Work
• A Vault Built of Energy
• The infinite Hardness of Bitcoin
• The Internet of Value
• The Bitcoin Social Contract
& more!
Don't miss the continuation of this excellent piece available on the blog or in PDF at parallaxdigital.io -
https://www.parallaxdigital.io/blog
If You haven't yet, don't forget to check out the first 3 parts of this incredible piece on the episodes linked below:
Part 1 - https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_286---Money--Bitcoin--Time-Part-1---Robert-Breedlove-e52gih
Part 2 - https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_287---Money-is-a-Social-Network---Money--Bitcoin--Time-Part-2---Robert-Breedlove-e53ug5
Part 3 - https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_288---The-Economic-Nervous-System---Money--Bitcoin---Time-Part-3---Robert-Breedlove-e54u2e
Other Great works mentioned on the show for further diving into related topics and exploring Bitcoin:
21 Lessons of the Bitcoin Rabbit Hole [DerGigi]
Part 1 - https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_256---21-Lessons-of-the-Bitcoin-Rabbit-Hole---Chapter-1-e47u83
Part 2 - https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_257---21-Lessons-of-the-Bitcoin-Rabbit-Hole---Chapter-2-e489f9
Part 3 - https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_258---21-Lessons-of-the-Bitcoin-Rabbit-Hole---Chapter-3-e48kao
More on the Fascinating Nature of Proof-of-Work:
Proof of Work is Efficient
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_155---POW-is-Efficient-Dan-Held-e2ndpk
Bitcoin & the 7th Great Disruption of the Digital Age
https://anchor.fm/thecryptoconomy/episodes/GuysTake_021---Bitcoin--the-7th-Great-Disruption-of-the-Digital-Age-e57p9m
Anatomy of Proof of Work
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_158---Anatomy-of-Proof-of-Work-Part-1---Hugo-Nguyen-e2ndpg
Bitcoin, Chance, and Randomness
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_159---Bitcoin--Chance--and-Randomness-Part-2---Hugo-Nguyen-e2ndpi
Today we have a follow up to Nic Carter's excellent piece on Medium, A Most Peaceful Revolution. An incredible article that deserves an exhaustive discussion and easily earns a few ridiculous rants. What could be better for Guy's Take 23?
Other episodes and works mentioned in the show for a deeper dive:
A Most Peaceful Revolution
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_293---A-Most-Peaceful-Revolution-Nic-Carter-e5bfpm
Anatomy of the State
https://mises.org/library/anatomy-state
A Cypherpunk's Manifesto
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_163---A-Cypherpunks-Manifesto-e2ndpc
The Crypto Anarchist Manifesto
https://www.activism.net/cypherpunk/crypto-anarchy.html
The Bitcoin Survivor's Book List
https://cryptoconomy.life/bitcoin-survivors-book-list/
Bitcoin and the Promise of Independent Property Rights
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_225---Bitcoin--the-Promise-of-Independent-Property-Rights-e3j6b8
Bitcoin Can't Be Copied
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_291---Bitcoin-Cant-Be-Copied-Parker-Lewis-e58g11
Today we read a veritable Bitcoin Manifesto on a fundamental truth of Bitcoin's nature, the challenge it proposes to the state, the atrocities it seeks to dismantle, the hubris of alternatives, its promethean origins, the values it codifies, the role its already playing, and its patient unstoppable advancement.
Do not miss the audio, followed by tomorrow's commentary (there's simply too much to say in one show), of Nic Carter's,
A Most Peaceful Revolution
Drop some highly due applause over at his Medium page and check out the other amazing work he has been putting out:
https://medium.com/@nic__carter/a-most-peaceful-revolution-8b63b64c203e
Previous episodes of Nic's amazing work:
• Media Coverage of Bitcoin is Still a Total Disaster
(https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_130---Media-Coverage-of-Bitcoin-is-Still-a-Total-Disaster-e2ndqf)
• How to Scale Bitcoin Without Changing a thing [Part 1 & 2]
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_238---How-to-Scale-Bitcoin-Without-Changing-a-Thing-Part-1-e3qgfg
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_239---How-to-Scale-Bitcoin-Without-Changing-a-Thing-Part-2-e3qsvi
• Unpacking Bitcoin's Assurances
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_281---Unpacking-Bitcoins-Assurances-e4sn3r
• Bitcoin's Existential Crisis
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_181---Bitcoins-Existential-Crisis-e2ndok
• How to Critique Bitcoin: A Guide
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_147---How-to-Critique-Bitcoin--A-Guide-e2ndpt
• Visions of Bitcoin
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_120---Visions-of-Bitcoin-e2ndqq
Become a Patron to support my work and join the Cryptoconomy Telegram Crew! Every donation helps in turning all of the best writings in Bitcoin and the Cryptoconomy into the audio version they deserve! www.patreon.com/thecryptoconomy
• Keys are being abstracted away.
• Users will call customer support to restore their coins, but never give up control.
• Ownership of a single UTXO will become rare.
• On-chain transactions will be used to build networks, more than transfer coins.
• Lightning, sidechains, statechains & more will work invisibly behind the curtain.
Things are changing fast, and we go through all sorts of great stuff in this show and I attempt to explain some of the technical elements with analogies using cookies. Gonna be a fun one, so don't miss it!
Thank you to our newest patron, Maximilian Schmitz!! Join Max in supporting the show & help make every great work about Bitcoin and the Cryptoconomy into the audio version it deserves! Plus, get access to the exclusive Cryptoconomy Crew Telegram!✊
https://www.patreon.com/thecryptoconomy
If you were looking for a succinct summation of the philosophy and to understand why we are so avid about using Bitcoin, encrypting our communication, and why we think these things are critical for a better future, this is the episode you're looking for.
Beginning with a read of @Dergigi's great piece on the Bull Bitcoin Medium page, "Rise of the Sovereign Individual." Followed by a discussion about what liberty is, why we should be defending it, and what tools we have to truly "install" it on our future.
Check out the original article to drop some applause & check out the new Cyphernode project!
https://medium.com/bull-bitcoin/the-rise-of-the-sovereign-individual-2201eee82f00
Other works by Der Gigi can be found below:
https://dergigi.com/
21 Lessons of the Bitcoin Rabbit Hole
Part 1 - https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_256---21-Lessons-of-the-Bitcoin-Rabbit-Hole---Chapter-1-e47u83
Part 2 - https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_257---21-Lessons-of-the-Bitcoin-Rabbit-Hole---Chapter-2-e489f9
Part 3 - https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_258---21-Lessons-of-the-Bitcoin-Rabbit-Hole---Chapter-3-e48kao
Proof of Life
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_285---Proof-of-Life-e51lt1
Support the show and help make every great work on Bitcoin and the Cryptoconomy into the audio version it deserves! Plus, become a patron and get access to the exclusive Cryptoconomy Crew Telegram!✊
https://www.patreon.com/thecryptoconomy
Today we start into the second piece of the "Gradually, Then Suddenly" series by Parker Lewis. Why altcoiners can claim their coin is for something other than money, but it must compete with Bitcoin as money regardless. Why money will only tend to one. Why copies of Bitcoin are just modern day alchemy. And why toxic maximalism is Bitcoin's greatest strength. Don't miss a great piece and fun discussion to follow!
Bitcoin Can't Be Copied!
Check out the original article plus the other great stuff on the blog over at the Unchained Capital blog:
https://www.unchained-capital.com/blog/bitcoin-cant-be-copied/
Support the show and help make every great piece shedding light on the incredible impact, the concepts, & the technology of Bitcoin and the Cryptoconomy into the audio version it deserves! Plus, become a patron and get access to the exclusive Cryptoconomy Crew Telegram group!✊
https://www.patreon.com/thecryptoconomy
Bitcoin isn't just a token you can send and receive online, it isn't just a digital money, its a complete inversion of the idea of money in the same way that the internet changed the nature of information. To understand exactly why, we need to look at the previous major societal disruptions brought about by the Digital age, and we can begin to see where Bitcoin will fit into the big picture.
1) Mail & Connecting
2) Publishing & The Web
3) The Infrastructure Inversion
4) Ecommerce
5) The New Media
6) Collaboration & Crowd Sourcing
7) New Money & Permissionless Finance
Don't miss a fun exploration through the history of the internet and the role that Bitcoin will play in establishing ground for a second chapter in the Digital Age!
Further Reading/Listening mentioned in the episode:
Szabo's essential work, Shelling Out: The Origins of Money (no commentary)
https://anchor.fm/thecryptoconomy/episodes/Shelling-Out---The-Origins-of-Money-e2ndom
(with commentary)
Part 1
Part 2
Part 3
Part 4
The Incredible Iterative Capital Thesis: What's Really Driving the Cryptocurrency Phenomenon
https://anchor.fm/thecryptoconomy/episodes/Whats-Really-Driving-the-Cryptocurrency-Phenomenon----The-Iterative-Capital-Thesis-e2u7qq
And numerous excellent books that I've pulled together on the Bitcoin Survivor's Book List:
https://cryptoconomy.life/bitcoin-survivors-book-list/
The Bitcoin community needs more Jason Stapleton, so I'm doing my part. Super excited to have had the opportunity to join Jason Stapleton and Matt Erickson on a favorite show of mine, Wealth, Power & Influence! Don't miss this great episode plus tomorrow's follow-up where I go further down the rabbit hole on many topics we touched on in this interview.
Don't forget to follow Jason Stapleton (and Matt Erickson) for more of the endlessly entertaining, Wealth Power & Influence podcast.
https://jasonstapleton.com/podcast/
If you want to support the work I'm doing to bring all the most incredible Bitcoin content and their fascinating ideas straight to your ears, then become a patron! Plus get access to the exclusive Cryptoconomy Telegram Group!
patreon.com/thecryptoconomy
"What is money? That is the beginning of the real rabbit hole.”
Like the process of going bankrupt, how fiat money inflates, and what it feels like to learn Bitcoin... it happens gradually, then suddenly.
We take a break today before getting back into Money, bitcoin & Time, by beginning the awesome series at unchained-captial.com by Parker Lewis that is hitting major topics around Bitcoin and its supposed "failures" one at a time. A really fun and well written series that's going to inspire great discussion for the show!
Today we start with his introductory piece, Gradually, Then Suddenly.
https://www.unchained-capital.com/blog/dollar-crisis-to-bitcoin/
Don't forget to follow both Unchained Capital and Parker Lewis so you don't miss the tons of other great stuff they are working on and some really great reading on Bitcoin and the financial markets.
https://twitter.com/parkeralewis
https://twitter.com/unchainedcap
Become a patron and help support my work at turning every brilliant piece of literature around Bitcoin and the Cryptoconomy into the audiobook version it deserves!! Love you guys!
https://www.patreon.com/thecryptoconomy
Today we continue our journey through Robert Breedlove's thorough work by completing section 1 on the incredible history & profound nature of money.
• How prices are the economic nervous system
• Histories of failed monies
• When gold lost its soundness
• The Gilded Age
• The Century of War
• Skin in the game
• Free Markets vs Socialism
You'll find this amazing work plus much more at parallaxdigital.io/blog
Further reading, listening, & exploration mentioned in today's show:
Use of Knowledge in Society
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_250---Use-of-Knowledge-in-Society-Part-1-e43pfj
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_251---Use-of-Knowledge-in-Society-Part-2-e444k0
The Island of Stone Money
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_262---The-Island-of-Stone-Money-e4d6m0
All Wars are Bankers Wars
https://www.youtube.com/watch?v=5hfEBupAeo4
Nassim Taleb's "Skin in the Game"
https://www.amazon.com/Skin-Game-Hidden-Asymmetries-Daily/dp/042528462X/ref=sr_1_1?keywords=skin+in+the+game&qid=1567028769&s=gateway&sr=8-1
If you want to support the tons of work in making audio versions and expanding on all the best written works around Bitcoin and the Cryptoconomy, become a patron below!
https://patreon.com/thecryptoconomy
The network effects that tie society together through its community, language, and money are both incredibly powerful, and very difficult to measure. We continue with Robert Breedlove's broad piece covering all of the core ideas that make Bitcoin the powerful innovation it is, and detailing exactly what it is changing, with a deep historical context.
• Money is a social network
• "Hardness" is #1
• The 7 characteristics of a monetary good
• The nature of prosperity
• How economies grow
So many fascinating concepts and related stories to share on this one. In the next section we will start back with "The Economic Nervous System" and how the natural emergence of prices creates the incentives to organize and direct our actions. So much more to come, don't forget to subscribe!
Don't forget that you can find this incredible work and much more at parallaxdigital.io/blog
Today we start into an amazing and broad work that tackles the entire argument for Bitcoin, from the origins and nature of money, to the cost and value of time, by Robert Breedlove titled, "Money, Bitcoin and Time."
• How does an economy grow?
• Why do we even need money?
• How extraordinary are the benefits of indirect exchange?
• What makes a money sound?
Check out the original piece, and read along for a better understanding by following the link below. You'll find this piece plus tons of other great reading.
https://www.parallaxdigital.io/blog
Don't forget to follow @breedlove22 on Twitter so you don't miss some awesome threads!
https://twitter.com/Breedlove22
Mentioned on the Show:
A must listen if you haven't heard it, "I, Pencil" - https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_123---I--Pencil-e2ndqm
My everyday mission now is to turn every piece of incredible work that sheds light on the understanding of Bitcoin & makes more clear the future of the Cryptoconomy that we seek to build, into the audio version it deserves! Become a patron to help me get that done! Plus, you'll get to join us in the Cryptoconomy Crew Telegram!
https://www.patreon.com/thecryptoconomy
“Life is like fire, not water; it is a process, not a pure substance. […] The simplest, but not the only, proof of life is to find something that is alive.”
— Christopher McKay
The author of the incredible Bitcoin Mycelium series, Brandon Quittem, & the author of the 21 Lessons of the Bitcoin Rabbit Hole, Der Gigi, join me today for a 2 hour marathon exploring all aspects of this crazy beast we call Bitcoin. What does it mean to be alive? What exactly is Bitcoin? Does it work for us, or do we work for it? And if this is a new form of life, how will it change the world? Don't miss this awesome Cryptoconomy Chat.
Brandon Quittem
Bitcoin Mycelium Series:
https://medium.com/@BrandonQuittem
Der Gigi
Proof of Life
21 Lessons of the Rabbit Hole & more:
https://dergigi.com/
Other Things to Explore:
Schrodinger's "What is Life" - http://whatislife.ie/schrodinger.htm
Conway's "Game of Life" - https://en.m.wikipedia.org/wiki/Conway%27s_Game_of_Life
"Evolution of Trust" (game theory) - https://ncase.me/trust/
Scale of the Universe - https://htwins.net/scale2/
Philosophy of Mathematics - https://en.wikipedia.org/wiki/Philosophy_of_mathematics
If you would like to join us in the Cryptoconomy Telegram Group, become a patron! Help me make every brilliant piece of literature around Bitcoin and the Cryptoconomy into the audiobook version it deserves!!
https://www.patreon.com/thecryptoconomy
"Ralph Merkle... made the argument that Bitcoin is the first example of a new form of life. In this article series, I intend to take this claim seriously, explore it further, and see what can be gleaned from viewing Bitcoin as a living organism."
Today we read and discuss the first part of a promising new series from Bitcoin enthusiast and author @DerGigi, titled "Proof of Life." It will be the perfect precursor to tomorrow's interview with @Dergigi and @bquittem all about the nature of Bitcoin's decentralized organism! You will hate yourself if you miss this one!
Drop some serious applause on the article over at Gigi's Medium page, and don't forget to follow him on Twitter as well:
https://medium.com/@dergigi/proof-of-life-fa28fdc002fe
For more great content on this same line of thought, Quittem's Mycelium series provides brilliant accompaniment, start with Part 1 below:
Original:
https://medium.com/@BrandonQuittem/bitcoin-is-a-decentralized-organism-mycelium-part-1-3-6ec58cdcfaa6
Audio:
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_201---Bitcoin-is-a-Decentralized-Organism---Mycelium-Part-1-e2sarg
A shout out to our newest patron, Coley Wommack!! If you would like to join us in the Cryptoconomy Crew Telegram Group, become a patron and help support my work at turning every brilliant piece of literature around Bitcoin and the Cryptoconomy into the audiobook version it deserves!! Love you guys!
https://www.patreon.com/thecryptoconomy
Our monetary system has confiscated trillions in resources and value by corrupting the very incentives that keep our economy healthy and resilient… in that world, what role does Bitcoin play?
Today we read and discuss the fascinating metaphors in Part 3 of Brandon Quittem’s excellent series on the Bitcoin Organism - “Bitcoin is the Antivirus to Uncertainty”
https://medium.com/@BrandonQuittem/bitcoin-is-the-antivirus-mushroom-medicine-part-3-4-fd1e6606a3f8
Don’t forget to check out Parts 1 & 2 below, links to the audio as well as the original articles.
Bitcoin is a Decentralized Organism: https://medium.com/@BrandonQuittem/bitcoin-is-a-decentralized-organism-mycelium-part-1-3-6ec58cdcfaa6
Part 1 Audio: https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_201---Bitcoin-is-a-Decentralized-Organism---Mycelium-Part-1-e2sarg
Bitcoin is a Social Creature: https://medium.com/@BrandonQuittem/bitcoin-is-a-social-creature-mushroom-part-2-3-6a05c3abe8f0
Part 2 Audio: https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_224---Bitcoin-is-a-Social-Creature--Mycelium-Part-2-e3iq3u
Follow Brandon Quittem so you don’t miss the incredible work and perspective he contributes to the space:
https://twitter.com/bquittem
Support the show and help me turn every amazing work of written content on Bitcoin and the Cryptoconomy into audio by becoming a patron!
https://www.patreon.com/thecryptoconomy
Everything that defines the Bitcoin network is in the validation rules, and the nodes are its enforcers. An impenetrable fortress of validation.
Because it deserves an episode of its own, today we read @StopandDecrypt's excellent breakdown of the Bitcoin network and the critical importance of fully validating nodes. Originally an excerpt from a much longer article covered on the show, "Sharding Centralizes Ethereum."
Drop some major applause on the original article below and don't forget to explore the graphics for some amazing visualizations of the concepts discussed:
https://medium.com/hackernoon/bitcoin-miners-beware-invalid-blocks-need-not-apply-51c293ee278b
Support the show and help me turn every amazing work of written content on Bitcoin and the Cryptoconomy into audio by becoming a patron!
https://www.patreon.com/thecryptoconomy
The crew from the Lightning Hood website and weekly wrap-up are back for another episode chatting all about the developments in Lightning & Bitcoin throughout the last year. What's new, what's the same, and what are the next steps.
Bitcoin is back in the spotlight, how long and winding is the road to good privacy, how Bitcoin & Lightning returns power to personal hardware, developing a protocol stack for sovereignty, how Lightning is disappearing into the background, and the coming wave of new Bitcoiners. Don't miss another fun episode, hanging with the Lightning Hood crew.
Don't forget to check out the guests on today's show and follow them on social media!
@Pura_Vlda, @PetoVeritas, @CoinBeezy, and the silent, but always present @curlydream60e
A shout out to our newest patron, David Parrish for supporting the work of turning all the greatest written work in the Bitcoin space into audio!
IF you would like to support my work and join the exclusive telegram group for the Cryptoconomy Crew, become a patron below:
https://www.patreon.com/thecryptoconomy
Do we live in an age of liberty, where information is freely accessible, or an age of heavy-handed copyright restrictions where we are losing the ownership of the very devices we hold in our hands? If I had to judge, it's probably a bit of both.
Today we read a fascinating short story that I just recently ran across at the NakamotoInstitute.org by Richard Stallman, a dystopian tale of a future where we have to fight, for our "Right to Read." Thanks to SNI for making the work available, I wouldn't have found it otherwise. And a thanks to Richard Stallman for the incredible decades long fight he has put up for a Free & Open Source Society!
Check out the Nakamoto Institute for this and an incredible list of other literature to explore.
https://nakamotoinstitute.org/right-to-read/
Shout out to our first Patron, Jesse Lawler! Thanks so much for supporting the show, plus all the help you've been over the last year, and of course, welcome to the Cryptoconomy Telegram Crew! If anyone else wants to support the audification of all brilliant things written about Bitcoin, become a patron and help make it happen.
https://www.patreon.com/thecryptoconomy
We make claims about Bitcoin's assurances all the time. It is censorship resistant, it's open and permissionless, it's counterfeit proof, etc. But are these things entirely true? When someone wants to acquire, use, or validate Bitcoin, how well do the claims match reality?
Today we cover another great article from @nic_carter titled: "Unpacking Bitcoin's Assurances." Don't forget to follow Nic on Twitter and Medium, and drop some applause on the original article at the link below:
https://medium.com/@nic__carter/unpacking-bitcoins-assurances-a3c98824d3f0
Mentioned again because it always seems to come up in discussion, the great piece by @hasufl and @zhusu about Bitcoin as an independent system for property rights:
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_225---Bitcoin--the-Promise-of-Independent-Property-Rights-e3j6b8
If you love the show and would like to support and get access to the exclusive Cryptoconomy telegram group, become a patron below!
https://www.patreon.com/thecryptoconomy
Today we read an excellent article by Ben Perrin (@Btcsessions) laying out an excellent argument that reveals #BitcoinMaximalism as the meticulous and thoughtful position it actually is. Rather than the arbitrary, religious, & closed-minded position many altcoiners would want you to believe.
Drop some applause on the Medium article for the great work!
https://medium.com/bull-bitcoin/my-path-to-bitcoin-maximalism-c77c53466cb5
Follow @BTCsessions on Twitter and Youtube for tons of great content!
https://www.youtube.com/c/btcsessions
https://twitter.com/BTCsessions
To dig a little deeper into topics mentioned in this episode, here are a few other works I recommend:
Unpacking Bitcoin's Social Contract by Hasu
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_198---Unpacking-Bitcoins-Social-Contract-e2oct5
BetterHash - Decentralizing Bitcoin Mining... by StopAndDecrypt
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_274---BetterHash--Decentralizing-Bitcoin-Mining-with-new-Hashing-Protocols-e4nn6i
Bit Gold by Nick Szabo
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_275---Bit-Gold-e4o0vp
If you love the show and would like to support and get access to the exclusive Cryptoconomy telegram group, become a patron below!
https://www.patreon.com/thecryptoconomy
Today we have on the show one of the best journalists in the Bitcoin ecosystem, Aaron Van Wirdum! We chat about his path to finding Bitcoin, his process in investigating protocol developments, social impacts of paradigm shifting technology, the growing need and coming battle for privacy, his most anticipated new tech, and much more!
You'll find over 300! amazing articles by Aaron at https://bitcoinmagazine.com/authors/aaron-van-wirdum. And don't forget the great pieces available in the new 10th Anniversary Print Edition of the magazine! Get your copy = https://store.b.tc/
Here are a number of the previous articles of Aaron's that we've now got in audio + commentary:
Statechains: Sending Keys Not Coins
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_272---Statechains--Sending-Keys-Not-Coins-e4mue1
Bitcoin as a Privacy Coin
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_149---Bitcoin-as-a-PrivacyCoin-e2ndpr
Understanding Lightning Parts 1-3
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_047---Understanding-The-Lightning-Network-Part-1-e2ndtd
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_048---Understanding-The-Lightning-Network-Part-2-e2ndt4
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_049---Understanding-The-Lightning-Network-Part-3-e2ndtc
Genesis Files:
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_111---Genesis-Files---With-Bit-Gold--Nick-Szabo-Was-Inches-From-Inventing-Bitcoin-e2ndr5
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_095---The-Genesis-Files-Hashcash-or-How-Adam-Back-Designed-Bitcoins-Motor-Block-e2ndrl
Atomic Swaps: How Lightning Extends to Altcoins
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_063---Atomic-Swaps--How-the-Lightning-Network-Extends-to-Altcoins-e2ndsm
If you are appreciating the show and would like to support and become a part of the exclusive Cryptoconomy telegram group, become a patron below!
https://www.patreon.com/thecryptoconomy
Inflation, or manipulation of the money supply to the benefit of the politically well connected, is quite possibly the most pervasive frauds of modern society. It creates multiple layers of compounded resource misallocation, it benefits the debtors and manipulators at the expense of savers, it puts a constant downward pressure on living standards, and it enables more unchecked corruption and abuse of power than any other aspect of our political systems.
Following Hulsmann's work, Deflation & Liberty, we have a foundation to understand how deflation, and sound money, strips the false elites of this power. Bitcoin isn't a new player, Bitcoin is a whole new game. Today we have a Guy's Take follow-up to Hulsmann's great work, and a conversation on how Bitcoin could bring down the state.
Other Episodes & Works mentioned in today's show:
Jorg Guido Hulsmann's, Deflation & Liberty
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_278---Deflation--Liberty-Part-1-e4q6gc
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_279---Deflation--Liberty-Part-2-e4qpvp
Conner Brown's, Bitcoin Has No Intrinsic Value
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_249---Bitcoin-Has-No-Intrinsic-Value---Thats-Great-e43bcm
Simon Lutz's, Keynesian Errors on Time and Demand
https://medium.com/coinmonks/bitcoin-has-no-intrinsic-value-and-thats-great-e6994adbfe0f
Thomas Sowell's, Applied Economics: Thinking Beyond Stage One
https://www.amazon.com/Applied-Economics-Thinking-Beyond-Stage/dp/0465003451
"If Bitcoin's supply is expected to be endlessly deflationary, doesn't this ensure a never ending, economy destroying downward spiral?"
Today we conclude with Part 2, Hulsmann's incredible work on the consequences and nature of deflation and what it means for liberty.
Continuing a 3 episode answer to this critically important question we finish Jörg Guido Hülsmann's amazing piece, available thanks to the Mises Institute:
Deflation & Liberty
https://mises.org/library/deflation-and-liberty-1
We will conclude the argument for the liberating powers of deflationary money with a Guy's Take episode breaking it all down. Subscribe and stay tuned so you don't miss it!
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/messageWhen we think about the unmatched scarcity of Bitcoin as a monetary good (particularly after looking at @100trillionUSD's stock-to-flow model), it inevitably leads to an important question. If Bitcoin's supply is expected to be endlessly deflationary, doesn't this ensure a never ending, economy destroying downward spiral? Doesn't deflation halt economic growth and investment?
Beginning a 3 episode answer to this critically important question we start by reading Jörg Guido Hülsmann's amazing piece, available thanks to the Mises Institute:
Deflation & Liberty
https://mises.org/library/deflation-and-liberty-1
We will conclude the argument for the liberating powers of deflationary money with a Guy's Take episode breaking it all down. Subscribe and stay tuned so you don't miss it!
And to get started with eToro, our awesome sponsor for the show, click the link below:
http://go.thoughtleaders.io/1195920190731
The incredible model for predicting and assessing the value of the Bitcoin network by @100trillionUSD is analyzed in his exceptional article that we read on today's show, "Modeling Bitcoin's Value with Scarcity." With an R^2 above 95%, if you plan for a bitcoin future without closely assessing this model, you are ignoring a powerful indicator. Hear all about what it means for "orange coin number" in today's episode!
Don't forget to drop some major applause for the excellent work at the original article:
https://medium.com/@100trillionUSD/modeling-bitcoins-value-with-scarcity-91fa0fc03e25
Be sure to follow @100trillionUSD on Twitter so you don't miss out on his continuous amazing work:
https://twitter.com/100trillionUSD
Other episodes mentioned in the show to dive deeper:
Conner Brown's - Bitcoin has no Intrinsic Value, & that's Great!
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_249---Bitcoin-Has-No-Intrinsic-Value---Thats-Great-e43bcm
Money, Blockchains, & Social Scalability
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_066---Money--Blockchains--and-Social-Scalability-e2ndsj
Shelling Out: The Origin of Money
https://anchor.fm/thecryptoconomy/episodes/Shelling-Out---The-Origins-of-Money-e2ndom
If you want to support my work and be a part of the exclusive Cryptoconomy Telegram group to get the inside scoop on the show and what other things I'm working on, become a patron!
https://www.patreon.com/thecryptoconomy
If you haven't listened to the earlier episode where I went on the Friends Against Government Podcast, then you no longer have to miss out! A year later, we get back together & talk about what a crazy year it has been in Bitcoin, podcasting, & the increasingly confused world. Just an awesomely fun time!
Check out the Friends Against Government Podcast. Entertaining, informative, & just the right amount of absurd!
https://open.spotify.com/show/2TqT6kcwVFRSAQP8BUlH58?si=0aws7YRVRJ2NXTuB9g41EA
And follow the guys of twitter for some Grade-A, Anti-Govt trolling:
https://twitter.com/FAGCAST
https://twitter.com/CarCampIt
https://twitter.com/birdarchist
And don't forget to start playing around with the awesome platform + app of our newest sponsor, eToro:
http://go.thoughtleaders.io/1195820190729
We start today's show reading a short Twitter thread by @simonlutz21 which sparks a fun discussion about the presence of Proof-of-Work in nature, the awesome utility of immutability, and the power of Bitcoin's inalterable ledger.
Like the original thread by Simon by following the link below:
https://twitter.com/simonlutz21/status/1145009553874010112
Don't forget to check out the presentation by Andreas on "immutability and proof of work":
https://www.youtube.com/watch?v=rsLrJp6cLf4
And if you would like to support the show, become a patron!
https://www.patreon.com/thecryptoconomy
There were many precursors to the Bitcoin system, but IMO, none came as close to correctly defining the problem, & solving the key issues of trust as Nick Szabo's Bit Gold concept. Reading another great piece made available by the Nakamoto Institute, we read and discuss the incredible prescience of Szabo through one of Bitcoin's forefathers, Bit Gold.
Check out the amazing collection of literature at the Nakamoto Institute and see the original piece at the link below:
https://nakamotoinstitute.org/bit-gold/
Other great work from Nick Szabo includes the #1 must read of anyone who wants to understand Bitcoin, "Shelling Out, The Origins of Money"
https://anchor.fm/thecryptoconomy/episodes/Shelling-Out---The-Origins-of-Money-e2ndom
Securing Property with Owner Authority:
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_118---Securing-Property-with-Owner-Authority-e2ndqs
Another I forgot to mention that pairs well with today's episode, "Formalizing Network Realtionships"
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_214---Szabos-Formalizing--Securing-Network-Relationships-Part-1-e3953d
And Lastly @Hasufl and @zhusu's piece "Bitcoin and the promise of Independent Property Rights"
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_225---Bitcoin--the-Promise-of-Independent-Property-Rights-e3j6b8
Don't forget to download and check out the eToro Bitcoin exchange and app at the link below:
http://go.thoughtleaders.io/1195720190725
What if we already had a solution to one of the biggest threats to the Bitcoin network, but simply weren't implementing it? Today we read another great piece by @stopanddecrypt breaking down the numerous vulnerabilities of centralized mining pools, that simply wouldn't exist, with the implementation of a @TheBlueMatt's new hashing protocol, #BetterHash.
Drop some applause on the original article & check out the library of work on StopAndDecrypt's Medium page:
https://medium.com/hackernoon/betterhash-decentralizing-bitcoin-mining-with-new-hashing-protocols-291de178e3e0
https://medium.com/@StopAndDecrypt
Other resources & media mentioned on the show:
https://bitflash.club/
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_091---BetterHash-Aims-to-Increase-Bitcoin-Mining-Decentralization-e2ndro
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_077---Ethereum-Blockchain-Exceeds-1TB-e2nds8
Support my work and join the official #CryptoconomyCrew telegram group by becoming a patron:
https://www.patreon.com/thecryptoconomy
What if there was a single, fundamental flaw in Keynesian economic theory that could shed light on the major imbalances and debts that have resulted from our monetary system? Does "spending" and consumption of resources truly make us wealthier? Ben Kaufman lays out the argument for how "Time" is the missing piece in the failed Keynesian puzzle.
Drop some applause on the original article at the link below, and don't forget to check out and follow Ben for his future work:
https://medium.com/@ben_kaufman/keynesian-errors-on-time-and-demand-80eeae2c7110
https://twitter.com/_benkaufman
I also mentioned in the show a comic book that excellently explains the process of economic growth, spending, and savings. If you haven't read it, its not to be missed:
http://themisescircle.org/blog/2012/11/06/how-an-economy-grows-and-why-it-doesnt/
Another big thanks to our sponsor eToro! Setup your account and start using their platform in just a few minutes at the link below: http://go.thoughtleaders.io/1195620190723
From Bitcoin Magazine, today we read Aaron's piece on the recently conceptualized "Statechains" from the mind of Ruben Somsen. An entirely different way to think of exchanging Bitcoin, by handing keys to the receiver, rather than sending coins. Don't miss the read & a really fun discussion about the tech to follow.
Check out BitcoinMagazine.com for the full article and the best place for Bitcoin news and information! Dropping a link to Aaron's main page because he has a number of recent articles that are also wonderful (specifically recommend "The 'Noinput Class'")
https://bitcoinmagazine.com/articles/statechains-sending-keys-not-coins-to-scale-bitcoin-off-chain
https://bitcoinmagazine.com/authors/aaron-van-wirdum
https://twitter.com/AaronvanW
If you enjoy this show and would like to support my work, become a Patron!
https://www.patreon.com/thecryptoconomy
The Lightning Network does, in fact, have scaling problems of its own. When the network grows to millions of channels we obviously won't be able to run it on a Raspberry Pi. Don’t tell Rusty Russell or Joe Netti that, because they'll just build their own network and do it. Another major milestone in Lightning development, the release of the Million Channels Project!
Today we are reading & discussing, from the Blockstream blog, “Letting a Million Channels Bloom.”
Check out the official post for the network data, charts and optimization benchmarks. Follow the blog and developers involved to stay up on the incredible work they are doing to bring Lightning to the world.
https://medium.com/blockstream/letting-a-million-channels-bloom-985bdb28660b
https://twitter.com/rusty_twit
https://twitter.com/JoeNetti
Lastly a huge thanks to our new sponsor, eToro! Don't forget to check out the exchange and let me know if you went long or short Bitcoin
eToro - http://go.thoughtleaders.io/1026120190630
... And one of the greatest natural subsidies for renewable energy we could've asked for.
Today we hit a piece by Daniel Wingen. A thorough breakdown of the essence of mining, the necessity of its energy expenditure, the incentives for efficiency and renewable sources, and the unbelievable cost that is being rescued from wasteful alternatives. Not only is Bitcoin's energy consumption not a problem, it could be exactly what we need for a brighter future.
Check out the full article and many links to other great works. A number of great charts and tables illustrating the argument to explore as well:
https://medium.com/blockkeeper/bitcoins-energy-consumption-is-a-necessity-and-has-positive-impact-on-the-environment-752502288082
Don't forget to check out Daniel's other works and follow him on Twitter and Medium:
https://medium.com/@danielwingen
https://twitter.com/danielwingen
Today we read yet another great piece by @hasufl and @suzhu available on uncommoncore.co on the core value offered by Bitcoin as a system and the high level trends in macroeconomics and technology that could lead to enormous future demand for just such an asset.
A big thanks as always to the amazing work produced by Hasu and Su Zhu. You must check out their blog over at uncommoncore.co where you can find many other great works for understanding Bitcoin's nature. Below I've linked to the ones we have covered previously on this show:
An Honest Account of Fiat Money:
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_197---An-Honest-Account-of-Fiat-Money-e2ndo3
Unpacking Bitcoin's Social Contract:
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_198---Unpacking-Bitcoins-Social-Contract-e2oct5
Bitcoin and the Promise of Independent Property Rights:
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_225---Bitcoin--the-Promise-of-Independent-Property-Rights-e3j6b8
Bitcoin As a Hedge Against the Cashless Society:
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_227---Bitcoin-is-a-Hedge-Against-the-Cashless-Society-e3l5ne
Finishing this week out with a short but wonderful introductory article by Nik Bhatia. Bitcoin is a money, a game, a land grab, works like email, and ultimately, Bitcoin is a human right. My discussion afterward may have gotten a little out of hand with a 40 minute follow-up to a 5 minute article. But when a good article sparks great ideas, sometimes its just hard to stop. ;)
Today we read and discuss Nik’s excellent piece, “Bitcoin is a Human Right”
https://medium.com/@timevalueofbtc/bitcoin-is-a-human-right-ff48c0b31134
Don’t forget to follow Nik Bhatia on twitter and medium and check out his other great work:
https://twitter.com/timevalueofbtc
Check out the other great pieces of Nik's we have covered on the show in the past:
The Time Value of Bitcoin:
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_143---The-Time-Value-of-Bitcoin-e2ndq2
The Bitcoin Second Layer:
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_132---The-Bitcoin-Second-Layer-e2ndqd
The Business of Bitcoin Cold Storage:
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_182---The-Business-of-Bitcoin-Cold-Storage-e2ndoj
The Bitcoin Risk Spectrum:
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_109---The-Bitcoin-Risk-Spectrum-e2ndr7
The Lightning protocol has made some major leaps in the last few months, and the software landscape has changed massively in the same span! Here to talk all about the Breez lightning service that has been an absolute pleasure to play with, we have the CEO, Roy Sheinfeld, joining us on the show! If you wanted to hear how their team is creating a seamless experience in Lightning & what it will take to bring it to the everyday user, don't miss this chat!
Dont' forget to follow @breez_tech on Twitter!
https://twitter.com/Breez_Tech
Join their telegram to talk with the community and share your ideas:
https://t.me/breez_lightning
Check out the website to download the app and learn more about the company:
https://breez.technology/
Tomorrow we have an awesome interview with Roy Sheinfeld all about the Breez Lightning service!
To set the stage, today we dive into the recent Lightning Labs Blog post on the incredible improvements in the 0.7-beta release. Followed with a fun discussion on the major developments and what it will mean for the UX, reliability, and further improvements of the Lightning ecosystem. If you need you Lightning Fix, this is where you'll find it.
Don't forget to follow the blog and Twitter handles to stay up on what the Lightning Labs team is building! Development is happening at a lightning fast pace and the team is straight fire!
https://blog.lightning.engineering/announcement/2019/07/01/lnd-v0.7.html
https://twitter.com/lightning
The amazing team (twitter links included): https://lightning.engineering/team.html
Check out the interview that Stephan Livera did with Conner Fromkneckt for a more in depth discussion of Wathctowers:
https://stephanlivera.com/episode/83
And the earlier episode mentioned on "Lightning Wumbology!"
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_206---Reckless-to-Wumbology--The-Lightning-Network-Infrastructural-Build-Out-e3235m
Merchants are scammers, Keynesians are scammers, altcoins are scammers, Bitcoin "investments" are scammers, scammers are scammers, and even Bitcoin hoarders are scammers. Everyone's a scammer.
There is a key list of works that are simply the "must reads" of the Bitcoin space if you want to understand the true nature of the new economic incentives and the technology behind it. "Everyone's a Scammer" by Michael Goldstein, is one of those works. Another piece that stood the test of time made available by the Nakamoto Institute, not to be missed by any serious Bitcoiner out there.
Don't forget to check out Goldstein's amazing work and the enormous collection of quintessential Bitcoin writings over at the Nakamoto Institute:
https://nakamotoinstitute.org
https://nakamotoinstitute.org/mempool/everyones-a-scammer/
I was lucky enough to get the opportunity at the Bitcoin 2019 Conference to sit down with Alex Adelman, the CEO of Lolli, and talk all about how he got into Bitcoin and their crazy experience bursting into the Bitcoin scene! This is definitely a crew to be watching closely as they continue to expand their service and grow with the Bitcoin ecosystem.
Shout out to Matt Senter! It was great meeting you & if you ever get the time we would love to have you out at the Raleigh Bitcoin Meetup!
Don't forget to grab the extension and visit the website to start staking sats immediately!
https://www.lolli.com/
Today we finish the amazing journey through Jameson Lopp's thorough compilation of Craig Wright's extensive efforts and complications in trying to convince the world he is Satoshi Nakamoto, the creator of Bitcoin. A huge thank you to Lopp and Bitcoin Magazine for making this extraordinary work available. Don't miss today's conclusion of "How Many Wrongs Make a Wright?"
The culprits responsible for this work:
www.bitcoinmagazine.com
twitter.com/lopp // Lopp.net
Check out the article for the video clips, graphics, screenshots, documents, & tons of links that accompany this article:
https://bitcoinmagazine.com/articles/op-ed-how-many-wrongs-make-wright
Get your copy of the latest issue of the Bitcoin Magazine, back in print!
https://store.b.tc/
Don't forget to listen to Dave & Grahm's interview of Lopp on his perspective of the whole fiasco, and journey in putting this work together.
https://letstalkbitcoin.com/blog/post/proof-of-wrongs-debunking-faketoshi-feat-jameson-lopp
Did you hear about the guy who tried for years to convince the world he was Satoshi?
If you ever wanted to explore the evidence against Craig Wright's dubious claims but simply didn't have the time to sit down and read it, this is the QuikRead for you. Today we begin our journey through Jameson Lopp's thorough compilation of Faketoshi's failed efforts at convincing the world he is Satoshi Nakamoto, the creator of Bitcoin. Published at Bitcoin Magazine, don't miss today's audio of "How Many Wrongs Make a Wright?"
The culprits responsible for making this awesome content available:
www.bitcoinmagazine.com
twitter.com/lopp // Lopp.net
Check out the article for the video clips, graphics, screenshots, documents, & tons of links that accompany this article:
https://bitcoinmagazine.com/articles/op-ed-how-many-wrongs-make-wright
Get your copy of the latest issue of the Bitcoin Magazine, back in print!
https://store.b.tc/
Don't forget to listen to Dave & Grahm's interview of Lopp on his perspective of the whole fiasco, and journey in putting this work together.
https://letstalkbitcoin.com/blog/post/proof-of-wrongs-debunking-faketoshi-feat-jameson-lopp
I got a chance to sit down with Aleks Svetski of the Amber App & blockchain bashing fame at the Bitcoin2019 conference. The Citizen Bitcoin crew joins us to hear his story of bashing ICOs at an ICO conference, and speaking about the Death of Blockchain at a blockchain conference. Don't miss this one.
Aleks other great articles mentioned on the show:
https://bitcointimes.news/ ("Blockchain is Dead")
https://hackernoon.com/why-bitcoin-matters-c8bf733b9fad
https://hackernoon.com/homo-sapiens-evolution-money-bitcoin-33f69701de
(in audio)
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_075---Homo-Sapiens--Evolution--Money--Bitcoin-e2nds7
Follow Aleks on Twitter below:
https://twitter.com/AleksSvetski
Check out his interview on Citizen Bitcoin for more:
https://citizenbitcoin.world/episodes/aleks-svetski-why-bitcoin-matters-why-i
And don't forget to check out the Amber App:
https://getamber.io/
Another excellent piece by @beautyon_ and discussion on the nature of Bitcoin's uncontestable monetary standard and what it means for our future. Its not volatility or the risks of a scarce monetary supply, "The danger is being left out of Bitcoin." You have been warned.
Plus I do a short follow-up and general thanks to the BTCMedia and BitcoinMagazine crew for such an awesome Bitcoin2019 conference! Had more fun than should be allowed, lol!
"A Man Warned is Half Saved":
https://hackernoon.com/a-man-warned-is-half-saved-f26ff3e9ab38
Follow @Beautyon_ on Twitter for other excellent work and insight, plus check out the Hackernoon publication for all things nerd & tech:
https://twitter.com/Beautyon_
https://hackernoon.com/
Also! BitcoinMagazine is back in print! Don't forget to grab the 10 Year Anniversary Edition below before they stop printing:
https://store.b.tc/products/bitcoin-magazine-10th-anniversary-edition
Today we have a great chat with Richard Myers all about the recently unveiled Lot49 protocol and how Global Mesh Labs intends to incentivize and help build a global, decentralized meshnet powered by Lightning!
Check out the website and read the whitepaper for a deep dive into the project:
https://globalmeshlabs.org/
Don’t forget to join the telegram for any questions or to join the community:
https://t.me/joinchat/HvhpZhT_q4VYUgXm5hOFGA
Follow Richard Myers & Global Mesh Labs on Twitter to stay up on new developments and applications:
https://twitter.com/remyers_
https://twitter.com/GlobalMeshLabs
I forgot to mention on the show, but don't miss out on following the amazing GoTenna project & Daniela Perdomo, the CEO/co-founder working to make this a reality (check out her 2017 talk that inspired Lot49):
https://twitter.com/goTenna
https://twitter.com/danielaperdomo
https://www.youtube.com/watch?v=SWl2HBNyK48
And if, like me, you now feel you have no choice but to start working on your satellite node, you can find the details of that project below:
https://blockstream.com/satellite/
A message from the future... from 2013. Just one of those memes that made its place in Bitcoin's cultural history, we read the infamous Reddit post that laid out the bleak, Bitcoin-only future that lies ahead of us. Can we stop it, before its too late?
Link to the OP:
https://www.reddit.com/r/Bitcoin/comments/1lfobc/i_am_a_timetraveler_from_the_future_here_to_beg/
Donate below if you would like to support this show:
31sBReBuAA9QznVRRrcsjdGp9oc4ajnS4t
Does money need some alternative utility? Is there an example of virtual money that could be hundreds of years old? Today we read about one of the most interesting analogies to the nature and value of Bitcoin in the piece, "The Island of Stone Money" by Milton Friedman. Made available by the Hoover institute and published in 1991.
Don't forget to check out the huge collection available at the Hoover Institute, including numerous works by Milton Friedman.
https://www.hoover.org/publications/economics-working-papers
https://miltonfriedman.hoover.org/friedman_images/Collections/2016c21/Stanford_02_01_1991.pdf
Other episodes and content mentioned in the show:
Friedman's "Free to Choose" Series - https://www.youtube.com/watch?v=D3N2sNnGwa4
The Triple-Entry Revolution of Bitcoin - https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_255---Bitcoin-An-Accounting-Revolution-e473tj
There is no sponsor due to the licensing with this work, if you value what I do with this show, please donate to help keep this project alive! Thanks!
"Imagine the ideal protocol. It would have the most trustworthy third party imaginable — a deity who is on everybody's side. All the parties would send their input to this god. God would reliably determine the results and return the output. In addition, God, being the ultimate in confessional discretion, would ensure that no party would learn anything more about the other party's input than they could learn from their own input and the output." - Nick Szabo
Another great piece by Szabo about the implications of a multi-party virtual computer and the incredible possibilities that such a protocol could open up. With amazing foresight, Szabo wrote this piece in 1997, detailing many of the trade-offs and complications in creating a shared system just like Satoshi's. Is Bitcoin The God Protocol he hoped to see?
Don't forget to check out the collection at the Nakamoto Institute & Szabo's Unenumerated blog:
https://nakamotoinstitute.org/the-god-protocols/
https://unenumerated.blogspot.com/2007/08/mutually-private-computation.html
Be sure to follow @nickszabo4 and the @NakamotoInst on twitter!
All the buzz is about FacebookCoin, I mean FacePalmCoin, I mean Libra today with the release of the testnet and Libra.org giving much sought after details on the new protocol and what they seek to accomplish with it. The big question, can it do any of what it says, and what other projects does it compete with really? We read numerous twitter posts, including a great thread by Caitlin Long, tweets from Andreas, details sourced by Jameson Lopp, and more in today's Guy's Take episode.
More Links to check out for further exploration:
libra.org
https://medium.com/@lopp/thoughts-on-libra-blockchain-49b8f6c26372
https://www.forbes.com/sites/caitlinlong/2019/06/09/what-facebooks-cryptocurrency-means-6-predictions/#1ac25ac57022
Twitter threads and posts mentioned in the show:
https://twitter.com/aantonop/status/1140939860997562368
https://twitter.com/CaitlinLong_/status/1140963988546547713
https://twitter.com/lopp/status/1140936932203126784
https://twitter.com/aantonop/status/1140937902081417216
This one should not be skipped!
There is a fascinating precedent set by case law and the long battles over PGP and US "munitions" laws, that gives us a rather clear conclusion on how Bitcoin should be treated by the US government. The short version? Bitcoin is speech, plain and simple, and should be subject to a total of *0* federal or state laws on money transmission, KYC/AML, financial regulations, etc. This is not an opinion, but an objective and clear truth. Listen to a thorough argument from @beautyon_ explaining exactly why.
Don't forget to drop some applause on the original article over at the HackerNoon Medium page:
https://hackernoon.com/why-america-cant-regulate-bitcoin-8c77cee8d794
Below is another excellent article by @beautyon_ we covered recently about Bitcoin, and the nature of system critical software:
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_254---Bitcoin--Software-Reliability-e46lnu
At the recent Raleigh Bitcoin meetup we had an awesome discussion all about privacy and bitcoin, and the intertwined destinies of both. Hanging out with some drinks and talking all about Bitcoin, what could be better? Thanks to all the crew who helped out and participated!
Be sure to check out:
https://cryptoconomy.life/
The BitANN.io project
Paywall.link
https://www.meetup.com/The-Raleigh-Bitcoin-Meetup
https://www.meetup.com/Triangle-Bitcoin-Meetup
Today I wanted to cover an analogy I have hit in the past to explain what's happening in the boom/bust cycle. One that sheds light on the fact that the imbalance is a fundamental element of the fractional reserve system, rather than an unexplainable flaw of humanity shrugged away by "animal spirits."
What do cars, tickets, and vacation plans have to do with the boom/bust cycle? Listen to find out!
This is an episode not to be missed. With a beta project focused entirely on the user experience, the @Breez_tech wallet is making a huge leap in the UX of Lightning that I thought was still months or even a year away. Very excited to discuss it and read an excellent article about all the challenges in the Bitcoin/Lightning user experience, and how they will be overcome. By Roy Sheinfeld, co-Founder of Breez Technology, today we read:
Lightning at the End of the Tunnel: Overcoming Bitcoin's UX Challenges
https://medium.com/breez-technology/lightning-at-the-end-of-the-tunnel-overcoming-bitcoins-ux-challenges-5738171c759e
Check out the project on Twitter, check out their website, & Sheinfeld's Medium page to stay up to date on developments:
https://twitter.com/Breez_Tech
https://breez.technology/
https://medium.com/breez-technology/lightning-at-the-end-of-the-tunnel-overcoming-bitcoins-ux-challenges-5738171c759e
Don't forget to support the show if you are enjoying my work! =D
With help from the Bitcoin Optech newsletter we cover details and implications of the newly proposed Erlay protocol for spreading transactions quickly and efficiently across the network. An 84% reduction in bandwidth for getting transactions to every node, is certainly nothing to scoff at. With effects on network efficiency and privacy, let's talk Erlay, Dandelion, & BitcoinOps!
Don't forget to check out and follow the completely free BitcoinOptech Newsletter to stay up on all the new developments in Bitcoin and lightning:
https://bitcoinops.org/en/newsletters/2019/06/05/
A link to the official Erlay research paper with tons more data and analysis for a deep dive into this P2P improvement:
https://arxiv.org/pdf/1905.10518.pdf
In the epic conclusion of the 21 lessons of the Bitcoin Rabbit hole, we talk about the technology, the network, and how Bitcoin is set to change the world. "The future is here, its just not evenly distributed."
Don’t miss the 3rd & final Chapter of @Dergigi’s excellent piece!
Check out the full site with tons of other work below:
https://dergigi.com/bitcoin/lessons/
Continuing our expedition through the lessons of the Bitcoin Rabbit Hole, we explore the realities of economics & the truth of money that is revealed by Bitcoin’s nature. Don’t miss the next 7 lessons on the economics that bitcoin teaches in our tumble down the rabbit hole.
Explore the many other links, graphics, and charts throughout this amazing section, plus the tons of other works available over at dergigi.com
https://dergigi.com/bitcoin/lessons/ch2-00-economics/
Follow dergigi on twitter below:
https://twitter.com/dergigi
An epic journey with author @dergigi on the unexpected lessons he learned tumbling down the Bitcoin rabbit hole. One can always take a closer look at Bitcoin and the strange, new phenomenon that it is. Don't miss this excellent 3 part series found at dergigi.com!
Explore the other work and incredible list of further reading and discussion on each lesson in the "Further down the Rabbit Hole" sections:
https://dergigi.com/bitcoin/lessons/ch0-02-introduction/
“Those who argue “high fees will kill adoption” fail to understand the intensity of assurances Bitcoin offers, and the ease at which it does this. Put lightly — Bitcoin is insanely cheap compared to alternative options for obtaining high degrees of assurance. Bitcoin is a vehicle built for moon missions, but we are giving it similar treatment to a scooter.” @imacallyoujawdy
Don't miss an excellent piece exploring the revolution of money and accounting assurances represented in the Bitcoin system. Plus my own commentary on why gold acted as a check to the accounting limitations of the past & why Bitcoin has changed the entire game all over again. From @imacallyoujawdy, we read "Bitcoin: An Accounting Revolution."
Don't forget to check out the full article and follow the author on Twitter:
https://twitter.com/ImacallyouJawdy
https://medium.com/@permabullnino/bitcoin-an-accounting-revolution-40efcb903d7b
" 'Break stuff' in that context means 'Kill People.' The software simply must work every time, no compromise, no guesswork, no exceptions. There are no 'do overs' or roll-backs."
The "To the Moon!" Bitcoin meme is far more relevant than many realize. Bitcoin is mission critical software. It requires a vastly different engineering philosophy and design. With a short, but fun piece by @Beautyon_, we break down the conceptual reasons why the development mentality of Bitcoin should be mirror the mentality of those designing software that carries men & woman to the moon.
Check out, and drop some applause on the original at the link below. Don't forget if you like this work that you can send a donation ot the posted address, along with exploring the many other articles from @beautyon_:
https://hackernoon.com/bitcoin-and-software-reliability-d681367a49b2?source=---------13------------------
Curious about all the #BitcoinTwitter buzz recently? I went digging to find the associated twitter threads & comments to read, and then discuss my own take on all the drama.
Too long; Didn't Listen -
• Don't be a jerk.
• We aren't responsible for other people's feelings.
• If you have to choose between making someone uncomfortable & telling them what you believe to be true, speak the truth.
• Open discourse, no matter how "toxic," is preferable to back room political fighting.
• These are the consequences of freedom of speech.
The threads in question, plus one I only found after recording the episode (unfortunately) by @TheBlueMatt that's related to the discussion.
@soonaorlater (Soona)
https://twitter.com/soonaorlater/status/1131985122238971904
@nwoodfine (Neil Woodfine)
https://twitter.com/nwoodfine/status/1132138203769581568
@TheBlueMatt (Matt Corallo)
https://twitter.com/TheBlueMatt/status/1133040768531214338
https://twitter.com/TheBlueMatt/status/988835275605504000
@Excellion (Samson Mow)
https://twitter.com/Excellion/status/1133656769538904065
Exploring the magic of cryptography using a magic hammer, gray dust, a magic potion, & a pair of very special pajama pants.
Don't miss another read from @Dergigi on the absolute magic of cryptography and how it will utterly change everything we think we know about the world. We are entering a new era of human civilization. Pay close attention, the world will never be the same again.
Check out the other work (plus fun graphics & comics) & amazing collection of work we will be revisiting soon on the show, over at dergigi.com:
https://dergigi.com/2018/08/17/the-magic-dust-of-cryptography/
If you prefer Medium, be sure to drop some applause on this article:
https://medium.com/@dergigi/the-magic-dust-of-cryptography-c8ecd79ae13a
The episode of @CitizenBitcoin mentioned in the show interviewing @dergigi:
https://citizenbitcoin.world/episodes/gigi-21-lessons-from-down-the-bitcoin
In a crazy conversation from last night's meet-up, I learned of discussion of a purposeful re-org, a 51% attack, on the #BCH chain by 2 miners. After a few hours scrambling to pull details together this morning, this is what I've discovered so far. Don't miss this Guy's Take episode all about the #Bcash 51% attack!
These are the links to the conversations and posts that I found relevant information at:
https://honest.cash/kiarahpromise/sigop-counting-4528
Article on hash power dominance of BTC.TOP:
https://bitcoinexchangeguide.com/is-bitcoin-cash-under-a-51-percent-attack-as-one-bch-mining-pool-nears-over-half-control/
Reddit Threads:
https://www.reddit.com/r/btc/comments/bpwlgx/got_this_in_my_inbox_a_couple_of_minutes_back/
https://www.reddit.com/r/btc/comments/bq6g5h/so_does_this_mean_that_we_unintentionally_killed/
https://www.reddit.com/r/btc/comments/boysr1/bch_upgrade_postmortem/
https://www.reddit.com/r/btc/comments/bqah5p/psa_everybody_stay_alert_im_getting_a_bch/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+reddit%2Fpreh+%28Bitcoin+-+The+Internet+of+Money%29
Found after I finished recording the episode (will update with details in the next show):
https://honest.cash/Cheshire_Cat/bitcoin-cash-guardians-and-pirates-in-sight-3334
Is Bitcoin's security going to be unreliable, volatile, or could it even fail entirely when we lose the block subsidy? Or is #Bitcoin set to operate smoothly with a natural transition from newly minted bitcoin, to transaction fees? Exploring the security of Bitcoin in the next economic era, with Dan Held's amazing piece, "Bitcoin's Security is Fine."
Don't forget to check out Dan Held's other work, the amazing set of links throughout the article, and drop some applause below:
https://blog.picks.co/bitcoins-security-is-fine-93391d9b61a8
Don't forget to check out Dan's Held's asset management company, Interchange.
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/messageThe brilliance of the price system is in coordinating the values, deeply limited knowledge and scarce resources precisely to their highest value need without having to understand or be aware of every single change in supply, alternatives, and uses of those resources among the economic participants. It is specifically because we only receive the most important piece of information, its new value in relation to other things (the price), that we can so quickly align ourselves with the new state of the world. Don't miss the conclusion of Hayek's work, "The Use of Knowledge in Society."
Visit the full piece, and the collection of other great work, economic analysis, news, & more over at fee.org.
https://fee.org/articles/the-use-of-knowledge-in-society/#0
Is the idea of a central decision maker for the economy just a problem of gathering all the right information and having the most intelligent in control? Or is there a far more fundamental problem with the entire notion?
Continuing our #Bitcoin economics week, today we dive into a piece on a concept we haven't yet covered. What is the true nature of the knowledge involved in economic activity, and how do we utilize that knowledge to solve the problem of economic organization? A brilliant work by F.A. Hayek and made available by the amazing team over at FEE.org, we cover and expand on Hayek's "Use of Knowledge in Society."
Visit the full piece, and the collection of other great work, economic analysis, news, & more over at fee.org.
https://fee.org/articles/the-use-of-knowledge-in-society/#0
Today we cover all the incredible new developments coming to Lightning and what they will mean for the future the protocol! First we tackle the blog post from @Bitrefill introducing the entire list, from AMPs & submarine swaps to trampoline payments & rendezvous routing. Then I discuss at length further details about each and how these tools together may blur the gap between Bitcoin & Lightning, and turn it into a singular experience. Don't miss today's show!
If you don't know much about how Lighting works, I encourage you to listen to yesterday's episode where I talk more specifically about what it is, why it will benefit the network, and how we know we can trust it.
https://anchor.fm/thecryptoconomy/episodes/GuysTake_014---The-What--Why---How-of-Lightning-e41pbe
Don't forget to check out Bitrefill.com for an awesome service where you can buy mobile minutes, gift cards, games, LN liquidity, & tons of other stuff with Bitcoin, Lightning & other cryptocurrencies. Check out the original post on their blog below to find links on each of these for further exploration.
https://blog.bitrefill.com/the-hottest-lightning-network-tech-features-for-2019-and-beyond-dbaaac6ddfa4
Today, in preparation of & to understand the significance of the vast array of new features and developments coming to lightning, we cover a full overview of the What, Why, & How of the Lightning Network.
What exactly is it, why do we need it, and how exactly does it work? A huge thank you to Aaron Van Wirdum, Pierre Rochard, and Rusty Russell for making this understandable for me, we dive into a high level approach to understanding what’s happening in lightning. In addition, despite forgetting to mention them in the podcast, a shout out to Christian Decker, Andreas Antonopoulos & Bryan Vu who have also produced great great content that helped in my understanding of lightning as well.
Today we cover more specifically the consequences and risks of a divorce between miners & the network of nodes. What could the miners do, are sybil attacks proof that nodes worthless, what exactly are the incentives that keep the different players in this ecosystem working together? Don't miss another fun discussion on what defines Bitcoin, and the role that proof-of-work & validation play in this revolutionary technology.
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/messageWhen we dig to the very base elements of Bitcoin, we find it is merely digital points. What make these integers different from identical ones on billions of other computers? It is the rules that restrict the editing of those specific integers we call Bitcoin, in other words, it is the network of validating nodes that define it. In this episode you will hear Part 1 of my argument as to why.
Don't forget to check out @StopAndDecrypt's relevant article series and the amazing graphics for visualizing the relationship between nodes, miners, and the network by visiting the page below:
https://medium.com/@StopAndDecrypt
Today we bring Tim K (@bootstrapbandit) on the show to talk all about the Lightning Network & a new tool he built at Paywall.Link. Don't miss this fun conversation about the positives and negatives of lightning, how easy it is to build for, and what the potential for this network is going forward. Enjoy!
Don't forget to follow @BootstrapBandit on Twitter and check out what he is building over at Paywall.link.
Lightning is complicated, difficult to use, sometimes doesn't work properly, requires a lot of learning and experimentation, and is still a risky place to hold Bitcoin funds. Doesn't this make it a protocol destined to obscurity and disuse? Doesn't it mean that better, simpler options will simply replace it, and Bitcoin is to fail from its extensive limitations? Find out all the ways I find Lightning *doesn't* do its job well, & what I think it means for the future in today's Guy's Take episode!
Mentioned in the show:
paywall.link
pollofeed.com
schnorr signatures
previous Guy's take on the complexity of the internet
Today we have another great chat with Scott from The PayPod discussing the impact and philosophy of Bitcoin! Check out Soarpay.com, the sponsor for The PayPod and where the are hosted to find many other episodes of their show discussing new technology in the world of digital payments. And don't forget to follow them on Twitter.
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/messageToday we go on an extended walk through some of the most epic days of Bitcoin's and the Cryptoconomy's history! Telling some of my personal experiences and the crazy times that were had. Do you know about the origins of some of Bitcoin's biggest memes? Do you know what started the Blocksize Wars? Do you know when the first shitcoin was born? All this and much more in our discussion of my Cryptoconomy Holiday Calendar.
If you want to celebrate these holidays with me, and want this on your own calendar, feel free to grab the info off of the website. It is obviously free to use and share around. If you would like to save yourself the work, then I have made a calendar you can easily download and import to your own so you can be notified of every one! Find it on Cryptoconomy.life below:
https://cryptoconomy.life/calendar/
Mentioned at the beginning of the podcast were Ansel Linder with the Bitcoin & Markets podcast, and the guys over at the Citizen Bitcoin podcast. If you haven't explored their work they have some awesome stuff to check out. Not to be missed!
https://twitter.com/btcmrkts
https://twitter.com/CitizenBitcoin
Disclaimer: If you are an ardent supporter of government projects, believe in the moral fiber of politicians, and in the power of voting to produce the greater good, then you will likely not enjoy this episode. You were warned ;)
It feels like a good day for a long discussion comparing the trust model of government money, and the trust model of a decentralized, proof-of-work blockchain. Aka - Bitcoin vs. The Dollar. So lets take a dive into the various systems, their consequences, and the incentives that envelop both the rules and monetary policy that govern the Bitcoin system, and those that govern our political and banking institutions. Don't forget to check out Cryptoconomy.life to explore more episodes like this plus hundreds of Bitcoin articles made available in audio format.
Spoiler alert: The dollar doesn't fair so well.
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/messageIf you haven't heard it yet, don't miss an awesome discussion all about Lightning and holding the Torch with the guys from the Rollo and Slappy Show! Check out @RolloMcFloogle and @Slappy_Jones_2 for more awesome content & definitely check out the amazing playlist for a deep understanding of Bitcoin over at 10HoursOfBitcoin.com
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/messageA follow-up to our previous episode "#Reckless to Wumbology" discussing the incredible development and new tools coming to the Lightning Network. As well as an exploration of the vast complexity of the internet and how, surely, it could never work. Get ready for a long rant in this Guy's Take episode XD
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/messageThe complete reading of Iterative.Capital's incredible and thorough thesis, "What's Really Driving the Cryptocurrency Phenomenon?"
For more excellent research and news in the Bitcoin/Cryptocurrency space, visit and subscribe at https://iterative.capital/
For OTC trading at industry low prices, visit https://i2trading.com/
And for an extensive collection of Bitcoin related educational and written content available in audio, visit http://Cryptoconomy.Life
A look at the crazy past, the present, and the future of Bitcoin and where I think things are headed. Bitcoin is here to stay and there are 10 amazing years of Proof-of-Survival I can point to as evidence. Happy Birthday Bitcoin, may the next 10 years be just as crazy!
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/messageIn closing out the week we have one last piece on the economics behind Bitcoin and the natural market economy. We read the classic piece “I, Pencil” by Leonard E. Read posted on Fee.org.
Check out the post itself to read the Foreward & Afterward, plus don't miss the excellent collection of work at Fee.org:
https://fee.org/resources/i-pencil/
Support the show:
Donate To: 3Nn8jJSfK2oFherVWQUGXgesvHpzbMckz5
The SEC has disapproved the Winklevoss twin's second attempt at a Bitcoin ETP for traditional markets. Rife with contradictions & misunderstandings, a thorough rebuttal comes in a "Letter of Dissent" from none other than the SEC Commissioner herself! Don't miss today's episode!
Links to content referenced and sourced to bring together the information for today’s episode:
https://bitcoinmagazine.com/articles/winklevoss-bitcoin-etf-proposal-denied-us-sec/
https://www.coindesk.com/winklevoss-brothers-bitcoin-etf-rejected-by-sec-for-second-time/
https://www.sec.gov/rules/other/2018/34-83723.pdf
https://www.sec.gov/news/public-statement/peirce-dissent-34-83723#.W1o-36vBMDU.twitter
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The Lightning Reference Rate, Changes in Lightning Tech #eltoo, Returns without Counterparty Risk, CFA Institute Enters Crypto, ETFs on the horizon, Futures, and a revolution in Financial Markets.
Listen to this CryptoChat with Nik Bhatia for all this and more!
Previous episode covering @timevalueofbtc's article "The Bitcoin Risk Spectrum":
https://cryptoconomy.podbean.com/e/cryptoquikread_109-the-bitcoin-risk-spectrum/
Links to the full article and Bhatia's (@timevalueofbtc) Medium page. Don't forget to clap for his article on Medium if you enjoyed the episode!
https://medium.com/@timevalueofbtc/the-bitcoin-risk-spectrum-949f6abec290
“We’re as excited about Lightning, Schnorr signatures, Taproot/Graftroot and scriptless scripts as any other Bitcoin engineers, but the project’s focus is on technology that can be deployed by companies today.” - @bitcoinoptech
Those mentioned in the commentary:
@jfnewbery
@starkness
@Melt_Dem
@BtcpayServer
Check out the official announcement from @bitcoinoptech and check out their newsletter below:
https://bitcoinops.org/en/announcing-bitcoin-optech
Thanks to the incredible work by Pieter Wuille (@pwuille) and others, #Schnorr signature scheme has an official proposal. Despite still much work and testing to be done, schnorr is poised to grant #Bitcoin a plethora of amazing improvements.
Listen to @AlyssaHertig’s article from @coindesk to learn more! Check out the article and other news and developments throughout the Cryptoconomy at:
https://www.coindesk.com/schnorr-is-looking-poised-to-become-bitcoins-biggest-change-since-segwit/
The future of #Crypto, Bitcoin, New Developments, Shitcoins?, and really really Bad Movies! Don't miss a great time with the FAGcast crew! Follow them on Twitter! @CarCampIt @birdarchist
Check out their Awesome Podcast! https://friendsagainstgovernment.podbean.com/
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“It's actually the protocol (Nakamoto consensus, which is highly distributed) combined with strong cryptography, rather than just decentralization per se, that is the source of the far higher reliability and and much lower vulnerability of block chains.” - @NickSzabo4
Check out Szabo’s incredible blog, Unenumerated, at:
https://unenumerated.blogspot.com/2014/12/the-dawn-of-trustworthy-computing.html
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“We are soon going to be able to use Bitcoin in an end-to-end, fully anonymous way.” - @nopara73
Check out the article and other links at:
https://medium.com/@nopara73/wasabi-privacy-focused-bitcoin-wallet-for-desktop-3962d567045a
Check out his talk from Building on Bitcoin starting at 17min:
https://youtu.be/XORDEX-RrAI?t=17m
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The 4th in the excellent Genesis Files Series from Aaron Van Wirdum (@AaronvanW) and Bitcoin Magazine (@BitcoinMagazine). Today we read about BitGold and How Nick Szabo (@NickSzabo4) was "Inches From Inventing Bitcoin."
Check out the full article, the previous of the Genesis Files series, and other excellent work from Aaron Van Wirdum and the crew at Bitcoin Magazine:
https://bitcoinmagazine.com/articles/genesis-files-bit-gold-szabo-was-inches-away-inventing-bitcoin/
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“Given an adversarial environment I don’t believe you can maintain secure decentralized consensus AND have timely confirmation between arbitrary parties AND scale up to a large number of nodes/transactions." - @SarahJamieLewis
Check out her article and other work at:
https://fieldnotes.resistant.tech/dags-and-decentralization/
And don’t forget to follow her on Twitter @SarahJamieLewis
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"Bitcoin staked to Lightning is the most unique income producing asset in all of monetary history: income with zero counterparty risk. The historical implications of this on capital markets are tremendous." - Nik Bhatia
Check out the article and follow @timevalueofbtc for other great stuff:
https://medium.com/@timevalueofbtc/the-bitcoin-risk-spectrum-949f6abec290
"Compromising on trustlessness could help the Bitcoin price find a local maximum, at the expense of finding a much higher global maximum." - Pierre Rochard
Don't forget to drop some applause on the great article and explore other works by Pierre Rochard:
https://medium.com/@pierre_rochard/bitcoin-governance-37e86299470f
Mentioned in the Episode:
The Noded Podcast with Pierre Rochard & Micheal Goldstein
The Long Road to SegWit @BitcoinMagazine by Aaron Van Wirdum
Support the show & donate to: 3Nn8jJSfK2oFherVWQUGXgesvHpzbMckz5
Challenges with Verge, thoughts on Bitcoin maximalism, the inevitability of forks and altcoins, and our first trips down the rabbit hole. All this and more with Daniel Goldman [@dzack23].
• Find his articles at https://blog.theabacus.io/@dzack23
• You can also listen to the two on The Verge Hack on episodes 76 and 94 of this podcastMentioned on the Show:
The Blockchain Man - (@TaylorPearsonMe)
Money, Blockchains, and Social Scalability - (@NickSzabo4)
Sharding Centralizes Ethereum By Selling you Scaling In Disguised as Scaling Out - (@StopAndDecrypt)
About My Tweet From Yesterday - (@VladZamfir)
The Verge Hack Explained - (@DZack23)
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"Dai would become best known for an idea he casually announced in November 1998… 'I hope this is a step toward making crypto-anarchy a practical as well as theoretical possibility.' He called his proposal B-Money." - Aaron Van Wirdum
Be sure to check out Aaron’s extensive work and the always excellent journalism from the Bitcoin Magazine team:
https://bitcoinmagazine.com/articles/genesis-files-if-bitcoin-had-first-draft-wei-dais-b-money-was-it/
“You have to remember that you chose this path not because you didn’t have any options, but because you knew you could create even more options for yourself.” - Jill Carlson
Check out the article in full as well as Jill’s other works on her medium page:
https://medium.com/@jillcarlson/working-alone-165ababeafc2
"A Statist is a man or woman who believes that only the State should be the final arbiter of every activity man can engage in. In Bitcoin, Statists are a constant irritant and lethal toxin." @Beautyon_
Check out the full article, other fun works by Beautyon_, and the great publication at HackerNoon:
https://hackernoon.com/why-you-cant-understand-bitcoin-98a5e5f86241
“Crypto-incrementalists and the crypto-anarchists share strong convictions in the power of decentralization… However, these groups diverge quickly as we move from the abstract to the material.” -Tony Sheng
Check out Tony Sheng’s article and other work at:
https://www.tonysheng.com/incremental-vs-anarchy
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“Just like a stock market was a financial platform for creating the scalable corporation, blockchains can be governance platforms for enabling the scalable commons.” -@m2jr
Check out the medium article and other interesting work by Mike Maples Jr:
https://blog.usejournal.com/crypto-commons-da602fb98138
“He eventually offered us six more ratings at the price of 300 US dollars a piece.” -Markus Hartmann
Check out the full article and chat logs along with other articles and ICO discussion at:
https://medium.com/alethena/this-is-how-easy-it-is-to-buy-ico-ratings-an-investigation-13d07e987394
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“All three of the Lightning implementations (Eclair, lnd, & c-lightning) are now in beta!" - Christian Decker & Rusty Russell
Check out the other great work and full article with links at the Blockstream Blog:
https://blockstream.com/2018/06/25/c-lightning-06.html
Support the show:3Nn8jJSfK2oFherVWQUGXgesvHpzbMckz5
Today we read @StopAndDecrypt’s thorough breakdown of the Ethereum scaling and validation trade-off. Is ETH an inherently centralizing system? Find out in today’s Quik Read.
Don't forget to check the plethora of graphics and charts as well as the other great work from @StopAndDecrypt:
https://hackernoon.com/sharding-centralizes-ethereum-by-selling-you-scaling-in-disguised-as-scaling-out-266c136fc55d
Support the Show:
3CHTvvAhrzUs3QWN5DsyGXbM2W1SvL2bi5
Final release for Bitcoin 0.16.0 has hit mainnet! Find out what's inside.
If you are looking for the most knowledgable and reasoned news and coverage of events in the Bitcoin space, BitcoinMagazine.com is the uncontested winner. Check out this article written by the invaluable Aaron van Wirdum and subscribe to Bitcoin Magazine to stay up on their work over at:
https://bitcoinmagazine.com/articles/bitcoin-core-0160-released-heres-whats-new/
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/messageCypherpunks write code. Learn what new innovations in cryptography are being built to power the future of cryptocurrency.
Check out the incredible developments always coming from Blockstream as well as this article and the rest of their blog over at:
https://blockstream.com/2018/02/21/bulletproofs-faster-rangeproofs-and-much-more/
What are the consequences of America's monetary policy? Listen to find out.
Link to the article by David L. Veksler at Fee.org:
https://fee.org/articles/how-easy-money-is-rotting-america-from-the-inside-out/
Did Bitcoin ever give us privacy, or will we get the opposite? Our article today is from TheMerkle.com and is titled:
BitFury Group Officially Unveils Crystal, a Blockchain Analysis Tool
https://themerkle.com/bitfury-group-officially-unveils-crystal-a-blockchain-analysis-tool/
How could the Weiss Cryptocurrency ratings get it so wrong? Our flagship Quick read from @Bitcoinmagazine!
"The Weiss Cryptocurrency Ratings are Laughably Bad," an op-ed by Kyle Torpey giving us his take on the astounding ignornance of the recently released Weiss Ratings. Available on one of the best publications in this space, BitcoinMagazine.com
https://bitcoinmagazine.com/articles/op-ed-weiss-cryptocurrency-ratings-are-laughably-bad
https://bitcoinmagazine.com/authors/kyle-torpey
En liten tjänst av I'm With Friends. Finns även på engelska.