Bitcoin is a public good. The maintenance and stewardship of the network rests on the conviction and work of 10s or 100s of thousands of node operators who work to validate and ensure consistency among the rules and the truth of the data propagated throughout. NFTs and BRC tokens have come to the Bitcoin timechain, stamping large amounts of data to the chain, and causing bloat in the UTXO set, as well as validation and bandwidth costs. Is the sky falling? Is this totally unimportant? Or is there a meaningful conversation to have about the incentives that led us here, and what, if anything could be done about it? Today's show is an introduction to the problem, a brief assessment of what responses could be made, and an argument on why to be good stewards of our public good, we shouldn't poop in the park. This is Guy's Take #66.
Guy's Nostr Pubkey: npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev
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"Money is one of the greatest instruments of freedom ever invented by man. It is money which in existing society opens an astounding range of choice to the poor man, a range greater than that which not many generations ago was open to the wealthy" — F.A. Hayek
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Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message
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. (https://swanbitcoin.com/guy)
• 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)
• 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)
------------------------
"Money is one of the greatest instruments of freedom ever invented by man. It is money which in existing society opens an astounding range of choice to the poor man, a range greater than that which not many generations ago was open to the wealthy" — F.A. Hayek
Learn more about your ad choices. Visit megaphone.fm/adchoices
---
Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message
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