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.
Reboot - Read_773 - A Solution to Scaling Lightning
In this episode of Bitcoin Audible, I revisit an important concept that deserves more attention: timeout trees and their potential to revolutionize scaling for the Lightning Network.
Based on Shinobi's article, "A Solution to Scaling Lightning," we explore how this innovative proposal leverages CheckTemplateVerify (CTV) to create a simple yet powerful scaling primitive. Could timeout trees be the key to unlocking the next order of magnitude in Lightning's efficiency?
I break down the mechani
Chat_129 - Building the UX Last Mile with UTXO
The irony of posting on Twitter, how Nostr isn't decentralized enough, is not lost on UTXO. He's back! UTXO and I have a much needed catch up on the many projects he has been building and explore the ups and down of Nostr, why its so misunderstood, the state of Ai and how it is changing the market, and how to build the UX that Bitcoin and Lightning deserve. Also... the SBR is stupid. Enjoy!
Guest Links
utxo on nostr (Link: https://tinyurl.com/ycymfms2)
Jumble (Link: https://jumble.social/)
Bitv
Read_874 - A Heatpunk's Manifesto
What if your heating system could pay you in Bitcoin? In this episode, I read an article exploring the concept of "heat punks"—Bitcoin miners who use their rigs not just to earn sats, but to heat their homes. The article breaks down the economics of mining-as-heating, from upfront costs to the surprising efficiencies that make it viable. Along the way, I add my own thoughts on the practicality of this approach, the trade-offs involved, and what it could mean for the future of energy use. Cou
Reboot - Take_044 - Bitcoin is Not What you Think it is
Life has been hectic lately, but I didn't want to leave you hanging! I'm bringing back a classic, Take_044 - "Bitcoin is Not What you Think it is", to keep the content flowing while I navigate the joys of parenthood. This episode is a great primer, and many new listeners may have missed it the first time around. What if your understanding of Bitcoin is only scratching the surface? Give it a listen and discover what Bitcoin really is.
Host Links
Guy on Nostr (Link: http://tinyurl.com/2xc96ne
Roundtable_007 - Bitcoin, Babies, and the Bitcoin Dollar
Bitcoiners having babies, P2P protocols, Bitcoin price without third parties, mining problems and solutions, stable coins coming back to Bitcoin, massive hacks, shitcoin quacks, and a partridge in a pear tree. Wrapping up February and all the major news with some Bitcoin OGs.Guest Links
Steve Simple Nostr (Link: https://tinyurl.com/3s6a8yn8)
Steve Simple on X (Link: https://x.com/stevesimple)
Bitcoin Mechanic Nostr (Link: https://tinyurl.com/2tm827ut)
Bitcoin Mechanic on X (Link: https://x.com/
Read_872 - Erosion of the Meaning of Custody
Nicholas Dorier brings us a short piece that is very relevant to many of our challenges today, being clear and precise about the definition of the word custody. As we have seen for decades, the political sphere is almost designed to destroy and confuse the definition of words for the explicit purpose of broadening power, and creating enemies and criminals of anyone who gets in their way. But an even greater dilution of the term has come from within, as new "layer 2" systems compete to be seen as
Read_871 - Hodlers: an apology
Did you know that the value and utility of Bitcoin can be trivially duplicated? At least this is what the increasingly bitter buttoners of the world seem to espouse, even when proven wrong over and over again, and seeing a million copy cats fail at this very challenge. At least the capitulation is fun to watch. A short one from FT with a Guy's Take to follow. An "apology" to bitcoiners.
Check out the original article Hodlers: an apology by Financial Times (Link: https://tinyurl.com/3byu5hnd)
H
Read_870 - Can Nostr fix app distribution?
Tired of app stores controlling what you download and who gets paid? What if there was a way to directly connect with developers, verify the authenticity of their apps, and support them directly using Bitcoin? Could Nostr, the decentralized social network, be the key to unlocking a new era of app distribution, giving users more control and fostering a more trustworthy ecosystem?
Check out the original article Can Nostr fix app distribution? by Franzap. (Link: https://tinyurl.com/yc3cvx8x)
Host
Chat_128 - The Voice of Bitcoin [Bitcoin Infinity Show]
I joined Knut Svanholm and Luke de Wolf on the Bitcoin Infinity Show to explore the fundamental role of money, incentives, and sound economics in shaping society. We dug into the "Give-a-Shit Matrix", a powerful framework for understanding how people allocate resources—and how broken incentives lead to systemic waste.
We also unpacked why Bitcoin is the apex of financial responsibility, how fiat incentivizes inefficiency, and why Ethereum’s staking model is fundamentally flawed. Along the way, w
Take_098 - Taking Stock of Our Wins
It's easy to complain about what hasn't happened yet or what problems are still to be solved. And it's also hard to have humility, recognizing that maybe how and when we imagined a problem would be solved, may not be how reality plays out.
Without getting complacent, it is prudent to also have perspective and compare where we are to its alternatives, rather than an assumed perfect solution that doesn't yet exist. So today we take a break from the technical dives, and the challenges ahead, and ta
Read_869 - Mainline DHT — Censorship-Resistance Explained
I've wanted for a long time to understand how a DHT works, and how a P2P network is able to establish connections in a resilient, scalable, and decentralized way. So diving into it on the show and having to explain it, seemed the easy way to force me to figure it out. With the help of a fantastic article from the Pubky team, let's make sense of the censorship resistance of P2P networks.
Check out the original article Mainline DHT — Censorship-Resistance Explained by Severin Alexander Bühler. (Li
Chat_127 - The Hijacking Bitcoin Debate [Liberty Lockdown]
In a past episode, I joined Steve Patterson and the host for what was supposed to be a discussion but quickly turned into one of the most heated debates I've had on the show. Along with Steve, who co-authored Hijacking Bitcoin with Roger Ver, we dove into a fiery debate about Michael Saylor—his influence, his ideas, and whether Bitcoin has been hijacked.
While we all agreed it wouldn’t be a debate, the conversation sparked intense back-and-forths about Bitcoin’s direction and the potential dange
Read_868 - The Digit Addiction Pandemic
We are all addicted to digits. Fiat digits, loyalty points, social media likes, stock prices—everywhere we turn, someone is trying to hook us. But what if the biggest addiction of all is the illusion of control over numbers that don’t belong to us? In this episode, I dive into a thought-provoking article that exposes how fiat, real estate, gold, stocks, and even Bitcoin itself have become part of a global digit addiction. Who are the digit lords keeping us hooked? How do they manipulate our
Chat_126 - Bitcoin In Real Life with Wyatt O'Rourke
"We've planted our orange flag in the ground. We've made it known this is a space where we will try to propagate and spread the mission, values and ethos of Bitcoin. And we hope that not only spreads to other cities around the country or the world, but we really view this as a greater movement of how we can really take back our cities.
We do need to organize and align ourselves. You know, online, but when it actually comes time to take action, the in real life aspect can't be understated. And, y
Read_867 - The danger of the collective "we"
"We owe it to ourselves."
I truly hope you aren't so stupid as to believe this statement when it is uttered by the frauds running the financial and political establishment. But if you never had the time to breakdown why the notion was so stupid, or never thought to question it, don't worry, Marty Bent and I have it taken care of for you. Enjoy.
Check out the original article Issue #754: The danger of the collective "we" by Marty Bent. (Link: https://tinyurl.com/y59whawa)
Host Links
Guy on Nost
Roundtable_006 - Store of Bitcoin, Medium of Credit
Bitcoin adoption, political shifts, and the future of money - this roundtable gets into it all. How will stablecoins impact the global financial system? Can Bitcoin truly function as a medium of exchange, or is it destined to remain a store of value? What happens when governments and banks start stockpiling BTC? And, in a world where the rules of money are shifting, is the U.S. setting up a strategic Bitcoin reserve? Join me, Bitcoin Mechanic, Steve, and Jeff as we break it all down - no filters
Read_866 - Island Economics: Why Exploitation & Perpetual Wars are Rational Under FIAT
What if exploitation and war weren't merely anomalies of human society, but there was something inherent to the incentives of the fiat system, that made them inevitable?
In today's Read we dive into Petter Englund's, "Island Economics: Why Perpetual War is Rational Under Fiat", and expand on its core ideas. Is a world free from the zero-sum game of fiat possible? Can Bitcoin get us there?Check out the original article Island Economics: Why Exploitation & Perpetual Wars are Rational Under FIATby
Guy's Take_097 - Ross Ulbricht Breathes Free Air Again
Today, Ross Ulbricht breathes the free air again. What does the story of Ross Ulbricht reveal about justice, freedom, and the early ethos of Bitcoin? I thought I would take a little time to delve into the inconsistencies and controversies surrounding the trial, the principles of voluntary trade, and the deeper values of the Bitcoin revolution. Was justice truly served, or did systemic corruption shape the narrative? It's time for a Guy's Take episode.
Links mentioned:
Donald Trump Did the Rig
Read_865 - The Hard Path
"The Bitcoin community possesses a unique advantage that will ultimately allow us to prevail: not only do we have skin in the game, we have soul in the game.Our tribe of a few thousand cypherpunk Bitcoin maximalist fanatics stand against an empire of fiat clones, millions of faceless cogs in a soulless machine. I like our odds." — Francis, Bull Bitcoin
In this episode I dive into Francis Pouliot's thought-provoking article, "The Hard Path", exploring the philosophy and challenges of building sus
Chat_125 - Distributing Hosting in Bloom with Blossom
"That's a really cool aspect of the Bitcoin community and the nostr community as things are right now is most of our users are not your typical what you consider like dumb TikTok users. most of them are like borderline developers. And when people bring up the typical conversation of like we need slicker apps that have easier user interfaces and don't make me think kind of stuff We don't have those users. We have a user base that is like Exponentially more curious than any any other user base out
Read_864 - Bitcoin Core’s Loss of Focus
In this episode of Bitcoin Audible, I read James O'Beirne's "Bitcoin Core’s Loss of Focus" and offer my perspective on its critical arguments.Has Bitcoin’s development strayed from its core mission of empowering trustless self-custody for all? Let's unpack the challenges, potential solutions like CTV, and the broader implications for Bitcoin's future scalability.Is the community prepared to face these fundamental issues—or are we losing sight of what truly matters?
Check out the original article
Read_863 - How does Blockstream Jade's oracle-enforced PIN protection work?
While impatiently waiting for my Jade Plus I started digging into the Jade docs and found a unique idea for securing a hardware wallet using a blind oracle. In the theme of our adventures breaking down various security models and leveraging servers or secondary devices for added protection and convenience, this presents a really interesting new too. And of course its open source, so you can run one yourself!
Ever innovating and ever exploring, let's dive into the blind oracle design of the Jade.
Chat_124 - The Next Web with John Carvalho
"Our philosophy with building Pubky was, all right, we're not going to say never on a server. We're going to say, use a server if you want. Don't use a server if you don't want.Either way, it's fine because no matter what happens to you, you can redefine it later.So it's just basically adding the censorship resistance, this credible exit to using servers. And that's a big part of what pub key enables that other alternatives don't really enable in quite the same way or at all."- John CarvalhoWhat
Read_862 - Full Steam Ahead: All Aboard Fiscal Dominance
What happens when the Fed's one tool for controlling inflation, stops working? The conditions in the market and in our political institutions is such that this may be where we find ourselves. If they lower interest rates, then inflation will run hot and new money will flood into the economy. But if they raise interest rates, then the massive govt debt and ongoing deficit will require trillions in new money just to keep it afloat. Inflation if you do, inflation if you don't.Where we're going, you
Take_096 - Hijacking Bitcoin
Roger Ver went on tucker carlson recently to discuss how the government infiltrated Bitcoin development, took over the protocol, and killed its potential to ever be electronic cash. He wrote a book titled Hijacking Bitcoin to lay out this story.But there's actually another story of a small group who tried to hijack Bitcoin, who sought to force out the developers who wouldn't go along with what they wanted, who used leverage over miners to keep them in line, who tried to hold bug fixes hostage to
Chat_123 - Aliens, Demons, and Quantum Cryptography with Hunter Beast
"Bitcoin is anti-fragile it secures $2 trillion worth of value currently and there's a huge monetary incentive to maintain that security and there's a number of very intelligent people who are working on that problem of just making sure that is quantum resistant.There might be a period of time where there's like you know a transitionary period that could be quite you know stressful but once that's done then we've hardened Bitcoin you know for the foreseeable future."- Hunter Beast
In this episod
Read_861 - Pubky: The Next Web
"Imagine waking up in a world where every piece of information you encounter is carefully filtered by faceless algorithms. Your online interactions are curated not by your preferences, but by the agendas of corporations and governments. You can only speak within the walls of platforms that commodify your every word, every click. This isn’t a dystopian novel — it’s the current reality of the internet."— John CarvalhoThere is something very wrong with the internet today. There are increasingly mor
Read_860 - Stone Ridge 2024 Investor Letter
"Bitcoin is the most potent device ever invented for transferring wealth from the impatient to the patient. Be patient." — Ross StevensRoss Stevens brings us back another brilliant piece in the Stone Ridge investment letter breaking down new models for finding stability in volatile markets, finding the third side of a page, sailors lost at sea, the greatest source of life inequality, and how bitcoin establishes a connection to real world time in the digital world... with the expected combination
Chat_122 - A Cypherpunk World for Everyone with Future Paul
"This was one of my early objections to Bitcoin is that "Well, everything gets hacked eventually", right? Everything has some security flaw, so we're still looking for the security flaw, but we'll eventually find the security flaw in Bitcoin.But I didn't have that heuristic but for the fact that Bitcoin is secured at the edges, right? It's secured by each user's public/private key pair. That's such a revolution, and it needs to reach the rest of computing."
~ Future Paul
Roundtable_005 - 21 MIL NOT GUARANTEED!, Blackrock, Saylor, El Salvador, SBR, and more
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 Decem
Read_859 - Ecash on Bitcoin
"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 bu
Chat_121 - Surviving Bitcoin Adoption with Jack Spirko
"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 cha
Chat_120 - How P2P is changing the Internet [Pears]
"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 prolif
Take_095 - When Should I Sell Bitcoin?
"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 th
Read_858 - On Ossification by Jameson Lopp
"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
Chat_119 - Why Nostr Will Win with Miljan
"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
Read_857 - Instant Settlement: The Construction Industry
"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." —
Roundtable_004 - Nov 2024 - Trump, Hash Collisions, Court Rulings, Covenants, All Time Highs, and What We Don't Know
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.
Thanks to the guests for joining:
Steve Simple Nostr (Link: https://tinyurl.com/3s6a8yn8)
St
Read_856 - It's the Settlement Assurances Stupid
"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
Read_855 - The Great Capitulation
"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
Take_094 - Focus
"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 expen
Read_854 - Guerilla Open Access Manifesto
"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
Chat_118 - Reviving Resiliency, Autonomy, and Masculinity with the Bitcoin Vets
"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 trad
Read_854 - Bitcoin Appeals to the Old System's Deepest Flaw
"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 th
Chat_117-Bitcoin Threat Vectors on Final Settlement
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,
Read_852 - Nature's Many Attempts to Evolve a Nostr
"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 oligo
Roundtable_003 - Oct 2024 - Elections, Faketoshi Sues Again, Taxess, and ECB Concerned about FaiRNeSs
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.
Thanks to the guests for joining:
Steve Si
Guy's Take_093 - The Guy Who Broke into Our Room in Lugano
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
Read_851 - Bitcoin's Exchange Theory of Value
"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
Chat_116 - Bitcoin Is Money For Heroes [TFTC]
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 con
Read_850 - Three Doors, Which Will Bitcoin Choose?
"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 somethi
Guy's Take_092 - Inflation Does One Thing
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 surpri
Chat_115 - FEMA, Fiat, & The Cancer of Government - RANDOM RANT [THE Bitcoin Podcast]
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
Read_849 - A Global Liquidity Barometer
"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 exchan
TPR_005 - Updates from the Pear World
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!
Links to check out
Keet News (Link: https://tinyurl.com/mr2jykku)
holesail.io (Link: https://holesail.io/)
pears.com (Link: https://pears.com/)
keet.io (Link: keet.io)
Pinokio (Link: https://tinyurl.com/4
Guy's Roundtable_002 - Conbase, Control, The Nature of Privacy, and Decentralized Mining
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!
Links mentioned for further exploring from the show:
Pavel Durov criminal charges (Link: https://tinyurl.com/232razkc)
Signal messenger blocked in Russia (Link: https://
Chat_114 - Breaking Out of the Fiat Mind with Tanja Bänchle
"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 Bänchle
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 com
Chat_113 - China's Surveillance State, CBDC's, Shifting Paradigms, and the Bitcoin Wildcard with Roger Huang
"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 in
Read_848 - Stop Calling it MEV
"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 thre
Read_847 - This is the Great Ravine
"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 substan
Read_846 - Three Strangest Paradoxes of Mathematics
"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 inter
Chat_112 - Consensus Problems with ReardenCode
"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
Read_845 - Understanding The COLDCARD Mk4 Security Model
"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
Guy's Take_091 - The Path of Greatest Pain
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
Chat_111 - Brollups, Ark 2.0, and 1000 tps with Burak
"Dark merchants would never use Lightning, right? Because well, you need a node ID, an entity... Versus Ark, you're not a node or entity. All you are is entropy. You're just a public key with silent payment style tweaking. That means no address reuse. By default, coins gets mixed in each round. In a scalable and convenient way. And so it's all private. You can't tell who pays what and when and what amount really. It is great and appealing for privacy people, and I can see Ark dominating Dark we
Read_844 - Soft Fork, Covenant Review - Part 2
"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
Read_843 - Soft Fork, Covenant Review - Part 1
"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 a
Guy's Roundtable_001 - 85% Bitcoin Tax, Bitaxe, Big Banks, and a Shitcoin Trojan Horse
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
Guy's Take_090 - What if Bitcoin Saves the Dollar?
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.
Links to check out
Whitney Webb & Mark Goodwin's research on the Bitcoin Dollar theory
The Bitcoin Reformation by Tuu
Read_842 - BTC investing vs BTC Standard
"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 SongWhat'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 Bitcoi
Read_841 - Trump Embraces the “Bitcoin-Dollar”
"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 gl
Chat_110 - The Global Monetary Rebellion [Swan Signal]
"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 o
Read_840 - Godzilla Returns
"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
Chat_109 - Bitcoin, Privacy, Sovereignty and the Future with Daniel Prince [Once Bitten!]
"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
Read_839 - The Power of Nostr
"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
Read_838 - Crypto Rebels
"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
Chat_108 - Private Email & Unstoppable Money with Andy from Protonmail
"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 ho
Read_836 - Lightning is the Common Language of Bitcoin
"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 a
Chat_107 - Government Out of Control w/ Dave Smith, Luke Gromen & Mark Moss [BTC24]
"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 d
Guy's Take_089 - Trump Speaks at Bitcoin2024
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?
Links to check out
The Chain of Custody: The “Maf
Chat_106 - Bitcoin Stream Test #133 [Meme Factory™]
"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 e
Guy's Take_088 - The Hard Truth
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
TPR_004 - Monetizing Freedom - Ostriches, Pears, and Open Source Challenges with BitKarrot
"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 e
Chat_105 - Bitcoin and AI [The Investor's Podcast Network]
"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
Read_835 - Chain of Custody Part 2 - X Marks the Spot
"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,” tha
Read_834 - Chain of Custody - The Mafia Holding the Elite's Bitcoin
"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
Chat_104 - Immutable Democracy with Carlino
"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." ~ CarlinoWhen people usually talk about alternative bitcoin "utility" they often mean
Read_833 - Between Bitcoin Layers - Boltz Builds Trustless Transfers
"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 connec
Read_832 - Protect Your Bitcoin From $5 Wrench Attacks
"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
Chat_103 - Rethinking Bitcoin Education and Self-Custody Parenting
"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
Read_831 - Lightning Alliance to Accelerate Adoption
"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 w
TPR Read_001 - Pear Updates and P2P Systems
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?
Links to check out
Keet - A peer-to-peer chat app
Chat_102 - The Ethics of Libertarianism [The Staying Free Podcast]
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 t
Read_830 - How Bitcoin Thrived Through the China Ban
"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 an
Chat_101 - The Bitcoin Civil War is Over! with Guy Swann [Anarchast]
"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.
Read_829 - Seamless and Scalable Bitcoin Payments
"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 cha
Guy's Take_087 - Credit, Burning Cash, and Real Growth
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.
Links to check out
2 Sats Video on Deflation (Link: https://youtu.be/vknNY3oTABc)
Guy's Take - Fiat Waste (Link: https://fountain.fm/episode/1gcvdjEf8b3FB1D48jjX)
Gu
Read_828 - Orange Pilling Has Stopped Working
"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 traditi
Read_827 - The Conflict of Men's Interests
"...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 i
Read_826 - The Supreme Court Ruling and Implications for Operation Choke Point
"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 Crossma
Read_825 - Decentralization and Localized Manufacturing, Bitcoin, Ai, and 3D Printing
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 orig
Read_824 - Ecash is Self-Custodial
"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 aim
Guy's Take_086 - Fiat Waste
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 aw
Reboot - Invalid Blocks Need Not Apply
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 t
TPR_002 - From Local to Global with Holesail
"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 m
Read_823 - Scaling Trust
"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 Contre
Read_822 - Denial of Service Attack on Consensus
"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
Read_822 - Denial of Service Attack on Consensus
"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 whethe
Read_821 - The Most Important Thing You'll Read This Year
"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
Read_821 - The Most Important Thing You'll Read This Year
"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 s
Chat_100 - Privacy is a Crime with Travis West
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 d
Chat_100 - Privacy is a Crime with Travis West
"I'm pretty blackpilled on politics, but I'm definitely optimistic still because I think that there will be a lot of freedom technology that just allows you to opt out or that just allows you to not comply in a way that allows you to get away with it. I think that's the way to go. Freedom technology is the is definitely the way to go." ~ Travis West
Today we dive into an amazing chat around the complexities and shifts in law enforcement in a world with Bitcoin, as well as
TPR_01 - Return of the P2P Web
"We've been working in the peer-to-peer space for a long time, also me and David and most of the core team, and we've been dabbling and in unstoppable protocols and crazy distributed systems infrastructure for quite a bit. And we made this decision a couple years ago to take all this technology we've built that's pretty complex and does some crazy stuff, package it up, open source make it simple to use, and then just unlock people to build really powerful apps on top of it.&
TPR_001 - Return of the P2P Web
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."
Link
Chat_099 - Failure, Hope and the Purpose of Bitcoin with Bitcoin Mechanic
"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 n
Read_820 - The Bitcoin Stack
"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
Read_819 - Bitcoin Drain in the USA
"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
Guy's Take_085 - They Are Coming
"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 gov
Read_818 - Reviewing Reviews
"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
Read_817 - The Bitcoin Renaissance: How Lightning Will Connect Everything
"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 m
Chat_098 - Replacing Gold with Tuur Demeester
"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 ho
Read_816 - Why I'm Still Not Buying Bitcoin
"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
Read_815 - What are Mises’s Six Lessons
"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 si
Guy's Take_084 - Fiat Finance
Many 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 effect
Read_814 - Dogma Kills Brain Cells
"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 i
Read_813 - Mises's Regression Theorem, Bitcoin, and Subjective Value
"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 re
Chat_097 - Lightning Offline with Super Testnet
"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
Guy's Take_083 - It's Going Up Forever, Laura
"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,* t
Chat_096 - Surviving the Shift to a Bitcoin World with Jack Spirko
"People that are in the Western world and specifically in the United States, what they're realizing, whether they can say it this way or not, is you're watching the end of an empire. I said this for a long time, and it's not the empire is going to collapse. The empire is collapsing right now. We are in the midst of, and people say economic collapse, it's empire collapse, which means economic is part of it."
~ Jack Spirko
In this episode I interview Jack Spirko, host of The Survival Podcast, del
Read_812 - Congress is Criminalizing Privacy
"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 Net
Read_811 - Speaking Freely
"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
Chat_095 - The Fall of the Fiat Empires with Preston Pysh
Guy 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 economi
Guy's Take_082 - Fiat Replacement Theory
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
Read_810 - Censorship in America
"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 g
Chat_094 - Pessimism, Optimism, & Rationally Passionate Ranting with Clint Russell
"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
Read_809 - Bitter Opposition to Bitcoin
"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 actual
Read_808 - Bitcoin is Worse than a Ponzi, It's An Insurrection
"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 ins
Read_807 - A Measure of Sacrifice, Part 2
"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 mechani
Read_806 - A Measure of Sacrifice, Part 1
"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
Guy's Take_081 - Fiat Materialism
I'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 b
Read_805 - Dear Crypto & Fiat Bros
"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 valuabl
Read_804 - The Past, Present, & Future of Offline Payments
"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 bu
Read_803 - Inflation in a HyperBitcoinized World
"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
Chat_093 - P2P Payments for the World with Roy Sheinfeld
"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, permissio
Read_802 - How Inflation Destroys Civilization
"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
Read_801 - To Dust You Shall Return
"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 you
Chat_092 - Second Coming of the P2P Web
We 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
Read_800 - Mining Misinformation - How the UN Misrepresents Bitcoin Mining
"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 Nat
Read_799 - Nostr Wallet Connect - Bitcoin App Collaboration
"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
Read_798 - Quantum Computing's Reality Check
The 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
I
Read_797 - The Next Big Thing Will Look Like a Toy
"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 techno
Guy's Take_080 - But Bitcoin Wastes Energy
"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 thi
Read_796 - Stranded - How Bitcoin is Saving Wasted Energy
"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 opportun
Read_795 - Bitcoin is Dead (Long Live IBIT)
"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 w
Chat_091 - Economic Myths & The Dollar's Destiny with Dr. Robert Murphy
In 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.
References from the show
Bitcoin Aud
Read_794 - Open Letter To Prospective ETF Buyers
"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&#
Read_793 - How DigiCash Blew Everything
"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
Chat_090 - The Danger of Being Right Too Early with Devon Eriksen
Sometimes 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
Guy's Take_079 - BITCOIN IS NOT MONEY
"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
Read_792 - How CTV Helps Scale Bitcoin
"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
Chat_089 - Lightning's Next Era with Sam Wouters
There 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,
Guy's Take_078 - Are the ETFs the End of the Bitcoin Dream?
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, i
Read_791 - Rethinking Lightning
" 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 pe
Read_790 - The African Village Mining Bitcoin
"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 "
Read_789 - Can Appreciating Bitcoin Be a Good Money?
"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
Read_788 - Stone Ridge 2023 Investor Letter
"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, r
Read_787 - Usury, Your Bank, and You
"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."
~ Jerom
Reboot - Bitcoin is a Pioneer Species
“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 Bitc
Read_786 - The Difficult Adjustment
"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 sys
Reboot - The HODL vs DeaterBob Debate
"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 a
Reboot - Isaiahs Job
"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 episo
Chat_88 - Broken Money, Broken World with Lyn Alden
"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 cor
Read_785 - Everyone Needs an Uncle Jim
"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
Guy's Take_077 - Dear Government...
In 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
Read_784 - How FinCEN May Be Violating your Rights
"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 dra
Read_783 - Ordinals Are Fiat, Inscriptions Aren't Rare
"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
Read_782 - The Ethics of Emergencies
The 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
Read_781 - The Censorship Industrial Complex, CTIL Files 01
"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, brav
Read_780 - Lightning is Doomed!
"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 th
Guy's Take_076 - Fiat Money's Dark Secret
The 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 w
PSA - Farewell Nodeless
Nodeless 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 i
Read_779 - A Network of Keys
"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 o
Read_778 - Durabit, Incentivizing Torrent Seeders
"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 cu
Reboot - Bitcoin is Digital Scarcity
"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
Guy's Take_075 - A Global Monetary Rebellion
The 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:
Find the many books and products recommended on this show at prodcast.io (Link: https://prodcast.io/collections/bitcoin-a
Read_777 - The Inevitable Bust
"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 econ
Chat_87 - Coinos & Merchant Onboarding with Adam & Cole
"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 easi
Guy's Take_074 - Banks Without Bankers
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 m
Read_776 - Banks Without Bankers
"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
Guy's Take_073 - Lightning is Dead, Long Live Lightning!
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 Carval
Read_775 - The Fed Threatens to Sue Bitcoin Magazine
"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 t
Chat_86 - Everything on Bitcoin with Robin Linus & Super Testnet
It'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 w
Chat_86 Everything on Bitcoin with Robin Linus & Super Testnet
It'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
Read_774 - Bitcoin Won't Fix the Federal Reserve
"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 R
Read_773 - A Solution to Scaling Lightning
"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
Basics_008 - How to Buy Bitcoin
We 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
SwanBitcoin
Strike
FoldApp
CashApp
Other episodes:
Basics_06
A huge thanks t
Read_772 - Easier Way to Bootstrap the UTXO Set
"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 e
Read_771 - Beating Fiat with the Breez SDK
"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
Read_770 - The Big Deal with BitVM
"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 chang
Guy's Take_071 - But Bitcoin Doesn't Innovate
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.
Check out our amazing spon
FEATURING AI Unchained #008 - Ecash and Ai with Obi Nwosu
Obi 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 forge
Reboot - Bitcoin & Software Reliability
"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
Read_769 - Orange is the New Green
"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
Chat_85 - Bitcoin HyperDecentralization with Zack Bomsta
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
Read_768 - Living Through the Fall of Rome
"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
Read_767 - Pay Me in Bitcoin Theory
"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 abou
Read_766 - Spiderchains, Proof of Stake L2
"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 o
Read_765 - "Hoarding" is a Keynesian Slur
"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
Chat_84 - Layers, Payments, and Relays with Utxo
Today 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 i
Read_764 - UTXOracle, Decentralizing the Oracle Problem
"It means that, given an open-source model, this could help bring about the ability to:
Independently calculate the price of bitcoin using only your full node at any block height
Develop genuine DeFi applications without the need for (or without sole reliance upon) trusted third-party price oracles"
— 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
Guy's Take #70 - But Deflation is Bad
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 hav
Read_763 - Evils of THE ALGORITHM
"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 dif
Read_762 - Bitcoin's Security Model Deep Dive
"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 y
Read_761 - A Sound Bitcoin Financial System [Alex B]
"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
Read_760 - Drivechain's Place in Bitcoin's Future
"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,
Read_759 - Increasing Interoperability in Second Layer Protocols [Chase Smith]
"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 aroun
Read_758 - Scaling and Consensus Changes [James O'Beirne]
"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."
— James O'Beirne
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
Read_757 - Putting the B in BTC [Anthony Towns]
"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 se
Read_756 - Bitcoin, The Trust Anchor in a Sea of Blockchains [Jameson Lopp]
"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."
Guys Take #69 - But It's Just Digital Points...
With 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 adopt
Read_755 - Drivechains
"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."
— Bitmex research
A trustless, high assuran
Chat_83 - Decentralizing Global Markets with Nostr, Pablof7z
We 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 f
Read_754 - Bitcoin Is Not Crypto, The SEC Confirms
"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
Read_753 - Bitcoin Timestamp Security [Jameson Lopp]
"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 t
Read_752 - Bitcoin Becomes the Flag of Technology [Balaji S. Srinivasan]
"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 u
Read_751 - Decentralization: Why Dumb Networks Are Better [Andreas Antonopolous]
"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 dec
Read_749 - Economics of Bitcoin as a Settlement Network [Saifedean]
"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
Read_750 - Capital in the 21st Century [Allen Farrington]
"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 wr
Read_748 - Bitcoin & the Rise of the Cypherpunks [Lopp]
"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.
Ch
Read_747 - The Bondholder's Burning Platform [Croesus]
"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 stabl
Guy's Take #68 - Lightning & the Ai Economy
Ai 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 ecosy
Reboot - Bitcoin and The American Idea [Alex Gladstein]
"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
Read_746 - Orange Pilling Your Barber [Hector Alvero]
"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 r
Chat_82 - The Spirit of Satoshi
We 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://spiritofsatosh
Read_745 - Every Company Will Be A Lightning Company [Graham Krizek]
"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 o
Read_744 - How To Position for the Bitcoin Boom, Part 2 [Adamant Research]
"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 inves
Read_743 - How to Position for the Bitcoin Boom, Part 1 [Adamant Research]
"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
Chat_81 - An Austrian View of US Collapse with Peter St. Onge
"...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
Read_742 - Trust Me Bro [Allen Farrington]
"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
Read_741 - Much Ado About Ordinals, Inscriptions, and BRC20 [Roy Sheinfeld]
"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.
Read_740 - What Are the Key Properties of Bitcoin [Jameson Lopp]
"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 cha
Read_739 - The State of Zapvertising [The Same Cat]
"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 good
Guy's Take #67 - Withdraw Everything
With 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 s
Read_738 - The Fruit of the Nostr Tree [Guy Swann]
"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 nua
Read_737 - Is Your Money Safe During the Banking Crisis, Part 2 [Brad Mills]
"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 fail
Read_736 - Is Your Money Safe during the Banking Crisis, Part 1 [Brad Mills]
"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 Ame
Read_735 - When Bitcoin Meets AI [Svetski]
"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 limi
Chat_80 - Building the Ark with Burak
With 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
Basics_07 - The Basics of Key Management
This 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
Read_734 - Introducing Ark [Burak]
"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
Read_733 - Mint the Future With Taproot Assets [Ryan Gentry]
"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,
FEATURING - AI Unchained_001 - A New Frontier, with Jeff Booth
Welcome 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 unleas
Read_732 - We Need More Apps With Lightning, Not More Lightning Apps [Roy Sheinfeld]
"Permission can only be denied if it is requested. Direct, peer-to-peer interaction obviates permission and equalizes market power. Don’t request permission to transact; transact. Don’t tinker with the system; supersede it." — Roy Sheinfeld
Today we dive into a great piece just dropped from Roy Shienfeld with a great way to think both about Bitcoin and lightning adoption by the mainstream, and also about the path and direction forward to bring the most utility to the most people. Don't build an
Read_731 - Let's Grow Nostr [Jack Spirko]
"The biggest complaint members of my audience make about Nostr is the sheer dominance of Bitcoin content. This is understandable. Nostr uses a means of identification and account management very similar to Bitcoin, it has Bitcoin Lightning integration and Bitcoiners tend to be somewhat techy nerds and early adopters. Hence mostly Bitcoin type folks were the first to see Nostr’s potential and get on it.
There is a finite limit to growth though with any topic on social media and instead of complai
Read_730 - High Fees? Bitcoin is Working as Designed [Matt Odell]
"Bitcoin transaction fees limit network abuse by making usage expensive. There is a cost to every transaction, set by a dynamic free market based on demand." — Matt Odell
Is Bitcoin broken, are the high fees the end of Bitcoin as money? Are the fees themselves even the problem? How does this relate to not wanting people to be pooping in the park? Today we dive into a short, but solid post by Matt Odell to make sense of what is going on with fees, and then a Guy's Take to clear up some previous
Read_729 - BRICS, USD, and a Multipolar World [James Lavish]
"This very dominance is causing certain countries to seek a way to be less dependent on the USD and the UST. To extract themselves from the whims and needs of a central bank that lives a world away from their own economy. Yet still finds a way to dominate it." — James Lavish
Today we take a ride through a twitter thread by James Lavish, exploring the major developments in the splintering of the world monetary and banking system. While the dollar remains dominant through sheer inertia, the trend
Read_728 - Who Controls Bitcoin Core [Jameson Lopp]
"The question of who controls the ability to merge code changes into Bitcoin Core’s GitHub repository tends to come up on a recurring basis. This has been cited as a “central point of control” of the Bitcoin protocol by various parties over the years, but I argue that the question itself is a red herring that stems from an authoritarian perspective — this model does not apply to Bitcoin. It’s certainly not obvious to a layman as to why that is the case, thus the goal of this article is to explai
Guy's Take #66 - Pooping in the Park
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 ther
Read_727 - The Banking Crisis Stays, & the Treasury is Broke [Nik Bhatia, Joe Consorti]
"The fall of First Republic Bank was the second-largest bank failure by assets in US history, putting us in the 2008 conversation. Times are different, but the bank failures are relatable in size. The total assets of three 2023 failures have already eclipsed the total assets of all the banks that failed during the Great Financial Crisis" — Nik Bhatia, Joe Consorti
Today we dive into a short breakdown of the breakdown of the banking system with The Bitcoin Layer. The banking crisis is here to st
Read_726 - The Nostr Privacy Paradox [L0LA L33TZ]
"If Tor is an anonymous remailer, meaning a protocol facilitating the anonymous forwarding and receiving of messages between peers, Nostr can function as an anonymous bulletin board. CoinJoin coordinators can publish their services via a Nostr event type, and CoinJoin wallets can be enabled to automatically pull from those relays to display within their clients." — L0LA L33TZ
Today we dive into a really cool topic on how major privacy concerns can be thought of in relation to our interactions w
Read_725 - Operation Choke Point 2.0 is Underway [Nic Carter]
"Banks are highly regulated public-private partnerships in an environment where new charters are excruciatingly hard to obtain, and as such remain de facto arms of the state. It has been and remains trivial to deputize them to carry out political objectives. If there was any doubt, it’s now evident that the Obama administration and its successor in Biden’s regime are comfortable circumventing the First Amendment by engaging nominally private companies to do their dirty work." — Nic Carter
Today
Read_724 - The Virtue of Selfishness - The Objectivist Ethic [Ayn Rand]
"The title of this book may evoke the kind of question that i hear once in a while: "Why do you use the word 'selfishness' to denote virtuous qualities of character, when that word antagonizes so many people to whom it does not mean the things you mean?" To those who ask it, my answer is: "For the reason that makes you afraid of it."
But there are others, who would not ask that question, sensing the moral cowardice it implies, yet who are unable to formulate my actual reason or to identify the p
Read_723 - Alchemy - Everything Divided By 21 Million [Knut Svanholm]
"Central Banking is successful alchemy in this sense. The money- issuing institutions of the world have found a way to create new money with no cost. No mining is required. They are the alchemists of our era. The Central Banks’ promise of stable prices is as absurd as the alchemists’ promise of cheap gold. The whole point of a value- measurement tool, or a type of money, is in its costliness. It has to somehow connect to reality because of the subjective nature of value. Money created without co
Read_722 - Purple Text, Orange Highlights [Dergigi]
"I believe that in the open /attention/ information economy we find ourselves in, value will mostly derive from effective curation, dissemination, and transmission of information, not the exclusive ownership of it." — Dergigi
Today we dive into another great piece from Gigi exploring more possibilities and incredible shifts in the dynamics of information, censorship, and control with the addition of Nostr and open social protocols in tandem with Bitcoin and Lightning. Piece by piece, the revolu
Read_721 - IMF Unveils New Global Currency "Universal Monetary Unit" [Tyler Durden]
"Can you imagine a world in which you are restricted from buying meat for a while because you have already used your “carbon credits” for the month? Your “financial privileges” could potentially be restricted at any time at the whim of a government bureaucrat, and if you are a big enough troublemaker you could be “de-platformed” from the system permanently." - Tyler Durden
Check out the original article at:
IMF Unveils New Global Currency Known As The "Universal Monetary Unit" To "Transform" W
Basics_06 - The Lightning Network
The Lightning Network finally strikes in this Bitcoin Basics episode! Now that we understand the fundamentals of keys, wallets, transactions, and the node, we can finally take a dive into Lightning. What is it, what makes it tick, how do you own something that isn't "on chain," and what are the best tools to start exploring? All this and much more in today's show.
Here are the many links for further exploration and learning to dive into:
Wallets and Apps to check out:
Phoenix Wallet: https://ph
Read_720 - A History of Bitcoin Maximalism [Jameson Lopp]
"This was how more mainstream Bitcoin culture degraded from intellectual expressions of ideas (2017-era debates) to tribal recreations of the past. The old enemies were replaced with new enemies who were more convenient for the times, but we retained the "Bitcoiners against the world" ethos of the scaling era, which led to many newbies being overly defensive of their beliefs. It’s worth noting that this is a recurring cycle (and of course, a general trope of “the good ol’ days”) because in 2017
Read_719 - All You Can Hold for Five Bucks [Joseph Mitchell]
"“In the old days they didn’t even use tables and chairs. They sat on beer crates and ate off the tops of beer barrels. You’d be surprised how much fun that was. Somehow it made old men feel young again. And they’d drink beer out of cans or growlers. Those beefsteaks were run in halls or the cellars or back rooms of big saloons. There was always sawdust on the floor. Sometimes they had one in a bowling alley. They would cover the alleys with tarpaulin and set the boxes and barrels in the aisles.
Read_718 - Bitcoin Does Not Waste Electricity [Beautyon_}
"Of all the objections to Bitcoin, the objection that it “wastes” electricity is the most absurd. This thinking betrays a fundamental misunderstanding of how electricity works, how markets work, and what waste is." – Beautyon
Today we take a break from all the discussion of doom and impending economic obliteration to hit a favorite topic of mine, from a simple, but important angle. This article came back across my view and I realized it was one I had never covered and thought it would make for
Read_717 - How To Wreck a Big Old GSIB [DeepThroatIPO]
"Generally, what we’re talking about here is unregulated (or lightly regulated), uninsured investors, LLCs, Funds and privately controlled “Shadow Banking” assets. In 2021, these OFI Assets scattered around the planet amounted to $152.0 Trillion (Again, not including China’s non reported OFI) or roughly 172 x JP Morgan’s relatively miniscule $884 Billion of Cash and Equivalents immediately available to liquidate/sell/wire-out without generating a FASB 115 loss.
I hope this simple calculation put
Guy's Take #65 - Banks, Digital Money, and a Cat
Prices are relative, Bitcoin is infinitely scalable, stability for the sake of stability is undesirable, maximal instability in prices maximizes resilience in the markets, and so much more. Today we dive into a bit of a wandering Guy's Take to follow El Gato's piece on the idea of a free banking system and what it might look like in a future with PBDCs, instead of CBDCs. I break down where he has some wonderful ideas, but fundamentally misses the foundation necessary to get us there.
Guy's Nos
Read_716 - How to Fix Banking & Money - PBDC vs CBDC [El Gato]
"and the uniparty is in strong agreement here. both know that losing control of the money and the banks is an existential threat to their aristocratic and unaccountable powers.
sure, this all sounds like a lot of change and a lot of risk and a wildly new set of systems, but you’re not going to fix that which has become this broken without change. the mal and mis-incentives are far too great and the entrenched interests like it this way. and it’s going to break." - El Gato
Today we dive into a p
Read_715 - Clear and Present Danger [Joel Bowman]
"Thus was the dubious “clear and present danger” standard born. Holmes himself sought to redefine the standard later that same year when he dissented in Abrams v. United States (1919). The Justice felt that the court was not applying his own standard appropriately and openly questioned the government’s ability to limit free speech. But by then, the slippery standard was off and racing. It would fly for another half century..." – Joel Bowman
Ever wondered where the oft used, infuriating excuse f
Basics_05 - The Node
Bitcoin is ultimately just a piece of software, the network – the global, censorship resistant, immutable system – is ultimately just a collection of millions of people individually confirming and agreeing on what Bitcoin is. And to be truly sovereign as a bitcoiner, to confirm the truth of Bitcoin for yourself, & to participate in that global network, is to run a Bitcoin Node. This is Bitcoin Basics Episode 5: The Node.
The Blocksize War: https://www.amazon.com/Blocksize-War-controls-Bitcoins-
Read_714 - Bitcoin's Meme Wars [DerGigi]
"The question that the fiat system answers is the following: who is allowed to counterfeit currency, and how much? Further, who is allowed to have access to money, and who isn't? The answer is political and enforced by violence.
The Bitcoin system is answering the same questions, and the answers are as simple as they are ethical: nobody is allowed to counterfeit money, and anyone can access it. No exceptions." – Gigi
Today we dive into an amazing piece published at Citadel21, and by the one and
Read_713 - How the Fed "Went Broke" [Lyn Alden]
"The financial system in the United States, and for most of the rest of the world for that matter, can basically be thought of as an Excel spreadsheet managed by the Federal Reserve. That’s all it really is. Some of the cells on the spreadsheet are assets, and some of the cells are liabilities. It’s just a ledger that they administrate, and that we all use." – Lyn Alden
A subtle but important shift has occurred recently... the Fed became, for the first time in modern history, unprofitable. Lyn
Chat_79 - The Spirit of Bitcoin with John Vallis
I joined John today for an over 2 hour rip on the nature of Bitcoin, numerous technical developments, the trade offs of those in the past, the consequences of changes - even those considered well analyzed and understood, the chaos of consensus around altering consensus, the spirit of Bitcoin vs the letter of the law, and SO much more! This was such an awesome discussion on the nuance and complexity of Bitcoin that I felt I had to share it with the Audionauts. Hope you guys enjoy
Don't forget t
Guy's Take #64 - No Way Back, Only a Way Out
There is no magic wand. There is no such thing as a free lunch. When we bail out an institution, a bank, or "depositors" for billions of dollars, someone else LOSES billions of dollars worth of wealth. Their life got harder, their job got cut, the car they needed became less affordable, the house they hoped for their family stays out of reach, they PAID for it. Unfortunately, our government and central bank is either not mature enough to realize that magic is for children, or they are robbing fr
Read_712 - Lightning Prisms [DerGigi]
"One aspect that is still massively under-utilized is the programmability of Bitcoin. While simple things like scheduled payments and automated payment splits do exist, we are undoubtedly still trapped in conventional thinking when it comes to the flow of sats.
I’d like to share a simple idea that was shared with me a couple of months ago in the hopes that it will spread far and wide and, in the best case, that someone will just go ahead and implement it. (Or a better version of it.)
Here is the
Read_711 - The Future Geopolitical Order and Bitcoin, Part 2 [Matthew Pines]
"One immediate lesson many drew from this event was a reconsideration of the risk of fiat liabilities in an environment where trust is lacking (including the trust not to violate territorial integrity and Westphalian sovereignty). This event reinforced the nature of fiat money as a system of centrally maintained ledger entries denominating a unit of account corresponding to a sovereign authority's sphere of power. As such, the use of such a liability as a medium of exchange (or store of value) i
Read_710 - The Future Geopolitical Order and Bitcoin, Part 1 [Matthew Pines]
"The 20th century was the first where technology enabled forms of violent state competition, as well as peaceful globalization, across the full scale of the Earth. Moreover, the same technology made possible the organization of massive state systems to project power and maintain integrated, centralized control over large, diverse populations and cultures." - Matthew Pines
Bitcoin Audible is officially 5 years old today! And what a time to be celebrating an anniversary for the show than with a b
Read_709 - The Breez Open LSP Model
"Lightning is the way to make bitcoin the universal mainstream currency it was designed to be. This is how we’re going to bring open financial services to everyone. And we’re scaling Lightning by inviting people to participate and share in the gains." – Roy Sheinfeld
As a loose follow up to a recent article on bringing lightning to every user in any app, Roy, from the Breez team, brings us another article laying out their plans to take the LSP model to anyone, by providing an automatic LSP soft
Read_708 - Implications of Open Monetary & Information Networks, Part 2 [Lyn Alden]
"Over the long run, I view the outcome, one way or the other, more as a matter of technology than politics. From the top-down side, there is the development of Big Data and automated data surveillance capabilities. From the bottom-up side, there is the development of encryption tools and open monetary/information networks. Whichever direction proves more powerful will play a major role in how all sorts of things operate in the decades ahead" – Lyn Alden
Concluding the incredible piece by Lyn Al
Read_707 - Implications of Open Monetary and Information Networks, Part 1 [Lyn Alden]
"For proponents of privacy and open networks to win becomes a matter of making the technology easy to use, too costly to stamp out, and well-understood by the public." – Lyn Alden
Today Lyn Alden brings us another great piece that breaks down the old structure of our monetary and information systems, the consequences that have arisen from them, and ultimately what solutions have be borne of their abuses and frictions. With an exploration of what is needed. and not in this new systems, and what
Read_706 - The Depression You've Never Heard of, 1920-21 [Robert P Murphy]
"This context highlights the importance of the 1920–1921 depression. Here the government and Fed did the exact opposite of what the experts now recommend. We have just about the closest thing to a controlled experiment in macroeconomics that one could desire. To repeat, it’s not that the government boosted the budget at a slower rate, or that the Fed provided a tad less liquidity. On the contrary, the government slashed its budget tremendously, and the Fed hiked rates to record highs. We thus ha
Read_705 - Bitcoin's Full Potential Valuation [Croesus]
"But for me, when I think about what Bitcoin’s properties are as a store-of-value asset and then compare those properties to the existing store-of-value assets out there… Bitcoin is by far the best.
For that matter, if Bitcoin continues to outperform because of its unparalleled properties (and the world begins to come to terms with the reasons for that performance), it is a real stretch to say that Bitcoin will only convince 30% of the money stored in bonds and fiat money to re-allocate to Bitc
Read_704 - The Three Generations Theory [Aleks Svetski]
"People are very quick to project technology adoption curves onto Bitcoin. But the problem is that Bitcoin is not just a technology. It’s not just a smartphone, or a computer, or a social network, or a new stock or security, or a new payment method, or a search engine, or a messaging platform, or any other new product, app or service. Bitcoin is an entire techno-socio-economic transformation. It’s a reinvention of money from the ground up, incompatible with any prior primitives. So, it’s not onl
Chat_78 - To Nostropolis & Beyond! with BitKarrot
I recently had an awesome two-hour marathon chat about P2P social media with BitKarrot from the Nostrovia podcast. We chatted about the challenges and future of decentralized social media, touched on other developments in the space, and sprinkling in some extra chaos and uncertainty on the future of AI. This was a crazy ride through today's tech and the future its taking us to. Don't miss this one.
Check out the Nostrovia Podcast to take a deep dive into all things Nostr!
https://fountain.fm/sh
Basics_04 - Wallets & Transactions
Hot wallets, cold wallets, hardware wallets, custodial wallets, lightning wallets, holy crap! What does all of this mean and how do they relate to your keys and your bitcoin? That is what we are covering in today's episode, Bitcoin Basics episode 4, all about wallets and transactions.
Here is a reference to all of the wallets I use most often and for you to explore when setting up your own. I will also have this available on bitcoinaudible.com so it is easy to find down the road.
Wallets Guy u
Chat_77 - NVK on Stone Cold Storage in a Fiat World
Nostr, OP_VAULT, decentralized media, privacy, the incredible progress of the past few years, the challenges of making Bitcoin hardware, why bear markets are the best time in Bitcoin, and of course, the new Coldcard Q1. NVK and I catch up on everything happening in the Bitcoin space and what has us excited to build to faster. Don't miss an awesome 2 hour marathon with the founder of Coinkite and creator of the Coldcard.
NVK's Nostr Pubkey: npub1az9xj85cmxv8e9j9y80lvqp97crsqdu2fpu3srwthd99qfu9qs
Read_703 - The Banks Are So F**ked – [Callebtc]
"Here is a little story of how I built a #Bitcoin Lightning payments app used by more than 10,000 users at the time running on two Raspberry Pi's from my bedroom... My conclusion: The banks are so f**kd" - CalleBTC
Check out the original thread for more projects Callebtc is involved in, and follow Calle on Nostr at the links below:
Thread = https://twitter.com/callebtc/status/1618332559175450626?s=46&t=7-IMl_MRDoUK3LABiP2KYw
Nostr = npub12rv5lskctqxxs2c8rf2zlzc7xx3qpvzs3w4etgemauy9thegr43sf485
Basics_03 - Keys, Everything You Need to Know
Not your keys, not your coins. What does this mean? Your Bitcoin keys are literally the keys to the kingdom. They are everything, they are the sole arbiter of ownership of the bitcoins behind them if you have your keys, and they are the impenetrable fortress for the bitcoins behind keys you do not have. They are the judge, the jury, and the verdict.
If you can grasp and internalize the relationship between you, your keys, and your bitcoin, then you can safely and confidently use bitcoin. And th
Read_702 - FediPools as a Solution to Centralization Risk [Marty Bent]
"If Fedipools prove to be viable we could find ourselves in a world where bitcoin mining pool centralization risk is significantly reduced and the worries that many have today cease to exist. By creating a federation of different miners who act as guardians of a mint dedicated to producing blocks and distributing rewards you create a completely new and more robust incentive model at the pool layer." - Marty Bent
Today we dig into another Bent by good ol' uncle Marty on a potential and exciting
Read_701 - Lightning for Everyone in Every App [Roy Sheinfeld]
"This is the end of Lightning as a niche technology and the beginning of Lightning as a (ubiquitous) Service. In a few years, Lightning functionality will be so universal that nobody will even notice it any more, and it will be so useful that nobody will want to live without it. Like phones. Like shoes. Like concrete. Like the alphabet." - Roy Sheinfeld
Today we dive into an incredible announcement that will change the way we think of and interact with lightning. Destroying the barriers to entr
Read_700 - The Race to Avoid the War [Cory Klippsten]
"Furthermore, when Bitcoiners develop privacy and scaling technology for Bitcoin, we make it substantially more challenging for anti-coiners to make the case that a war on Bitcoin is winnable. When more of us demonstrate the unmatched power of Lightning Network payments in small nations, influential legislators and bankers in the U.S. take note and are far less likely to support an adversarial strategy towards Bitcoin." - Cory Klippsten
For read 700 we take ourselves to the Swan Bitcoin blog wi
Read_699 - What is Nostr? How Does it Work? And Why Does it Matter? [BTCtimes}
One thing to make abundantly clear: Nostr is a protocol. It’s a set of rules that servers and clients use to communicate (just like Bitcoin, email or Bittorrent). Nostr is not an app nor a “platform” (like Twitter, Facebook, etc.), but many applications can be built on top of Nostr. In the words of Edward Snowden, “If a platform is a silo, a protocol is a river: no one owns it, and everyone is free to swim.” – Walker V.
If you have been hearing about this Nostr thing, and wanted to know what it
Basics_02 - Hashes & Proofs of Work
In order to truly understand why Bitcoin works, we must understand a fundamental tool that operates at basically every level of the system. The hash function. And using the hash function, we can build one of the most important elements of the game theory that keeps the system honest, Proof of work. This is the second episode of the Bitcoin Basics series: Hashes & Proofs of Work
To play around yourself with the hashing tools discussed you can:
- open a Terminal window on your Mac or Linux comput
Read_698 - An Orange Pill for Bitcoiners [Austin Herbert]
"But, I keep coming to the same conclusion: We are here for this movement. We are here to build a parallel economy that will eventually take over the old fiat system.
I’m not a dev, I don’t have a large audience, I don’t have meetings with Jeff Bezos or presidents like Jack Ballers (no, that is not a typo).
One day, I came to this realization: I’m not the only one struggling transporting people into the new world. Cough, cough... .01%. We are all struggling to unplug people from the matrix. Henc
Read_697 - The Trillion Dollar Coin, Genius or a Joke? [James Lavish]
"To wit, we have raised the debt limit 22 times from 1997 to 2022. Yep, we’ve raised the limit 22 times in 25 years. Let that sink in for a moment. OK, so now that we’re all on the same you’ve-got-to-be-kidding-me-with-the-endless-and-reckless-spending-of-the-US-Government page, let’s dig into the mechanics a bit." – James Lavish
We've hit the awful, shocking, totally unexpected debt ceiling again! OH MY! What ever will we do this time? Wait... I've got a brilliant plan. The Treasury can mint
Keet AMA - Twitter Spaces on January 30th
Mathias and Paolo join us for a Twitter Spaces AMA to answer all of your questions about this cutting-edge technology. Plus, don't forget to check out KEET's mobile release! The app is available on both the Apple App Store and Google Play Store. Tune in now for a thrilling Q&A on the future of privacy, secure communication, data sovereignty, & the nascent P2P economy.
Everything to check out to dive into the P2P revolution:
keet.io
holepunch.to
synonym.to
slashtags.to
Don't forget to leave any
Chat_76 - Keet, The Next Level
WEN MOBILE!? No more do we have to ask because Keet mobile has finally arrived! Download from the App Store or Google Play to check it out and join us in the P2P revolution. This is only the beginning, a foundation for an entirely new way to interact on the internet and we dive into all of it with many questions you sent to me to ask Mathias and Paolo who are breathing life into new P2P, fully encrypted applications. You don't want to miss it.
Everything to check out to dive into the P2P revolu
Read_696 - Currencies Today are "IOU Nothings" [John Exter]
"Today no money in the world fully performs all three services. National currencies are being used as means-of-payment and standard-of-value money, b u t none in this inflationary age is an assured store-of-value money. In fact, a foremost concern to voters and politicians everywhere is that so many currencies are so rapidly losing their value in terms of commodities and services. Commodities like gold and silver, which are being used as store-of-value money, are not being used as either means-o
Basics_01 - Bitcoin... What is it?
Sure, everyone tells me that bitcoin is a new technology. That it's magic money for the internet and tokens you can buy and stick in an app that will probably be worth more later. But seriously... what the hell does all of that mean? I get that Bitcoin is a thing, but 'What is it?'
Well let's get into it, with the first episode of Bitcoin Basics.
Other episodes & works mentioned to dive deeper into these ideas are linked below:
Guy's Take #44 - Bitcoin is Not What you Think it is
Read_000 - The
Read_695 - Central Banks are Inflation Creators, Not Inflation Fighters [Josh Hendrikson]
"All of this is important because there has been a resurrection of Burns-type positions in the current debate about the cause of higher inflation rates. Senator Elizabeth Warren blames the rising inflation on greedy corporations raising their prices. Others have blamed rising prices on the greater prevalence of monopolies. Antitrust is apparently an anti-inflation tool. Make no mistake, these ideas are wrong. A belief that greed is responsible for inflation requires a belief that firms waited 40
Read_694 - Locked Out of My Digital Life [edent]
"Last night, lightning struck our house and burned it down. I escaped wearing only my nightclothes. In an instant, everything was vaporised. Laptop? Cinders. Phone? Ashes. Home server? A smouldering wreck. Yubikey? A charred chunk of gristle. This presents something of a problem." – Edent
Today we read a story told from the perspective of someone who's entire life changed by the strike of lightning, and suddenly they were locked out of everything. A great short read to start thinking about the f
Read_693 - Lightning & The Airport Analogy [Danny Scott]
"But as with all new technology, it can be incredibly hard to explain what’s actually happening, without getting too complex. This got me thinking about Bitcoin education and how to ELI5 (Explain Like I’m 5) with Bitcoin Lightning, enter… Bitcoin Lightning: The Airport Analogy" - Danny Scott
Today we hit a short piece but a really great analogy in order to make sense of the lightning network. Since I've recently had a few people ask me about this and a fellow audionaut made a great suggestion f
Guy's Take #63 - Anatomy of a Scam, The IMF and World Bank Empire
Today we break into the racket that is the IMF and World Bank monetary imperialism. Piggy backing off Gladstein's remarkable piece detailing the horrific consequences of this system and the clear intent and disregard for human life and basic freedoms, we discuss the fundamental principles of sound money that would be a basis to prevent this, how the fiat system gets around this balancing forces and corrupts the incentives, and how Bitcoin and a global neutral standard may finally bring about its
Shitcoin Insider #009 - Craig Wrong
Bad forgeries, fake signatures, backdated emails, more money than your country, & a lawsuit for everyone! This is the story of Faketoshi, explored through the extensive investigations of Arthur Van Pelt on the Craig Wrong debacle. He will have the biggest footnote in the Bitcoin history books under "people who pretended to be Satoshi." An achievement to be celebrated!
Follow Arthur Van Pelt on twitter to stay in the Faketoshi loop & explore his many great articles and breakdowns of the entire de
Read_692 - A Quick & Dirty Explanation [DerGigi]
"Bitcoin is paradoxical. It is simple yet complicated, ever-changing yet unchangeable. A novel machine without any novel parts; a technological innovation that isn't really about technology. You can't touch it, yet it is hard money. You can't see it, yet it will show you a vision of the future. You can't possess it, yet thousands of people seem to be possessed by it." - Dergigi
In the spirit of getting back to some of the basics, I want to open up a series of hitting basic concepts around bitco
Read_691 - A Native Protocol for Social Media [Jack Dorsey]
The problem today is that we have companies who own both the protocol and discovery of content. Which ultimately puts one person in charge of what’s available and seen, or not. This is by definition a single point of failure, no matter how great the person, and over time will fracture the public conversation, and may lead to more control by governments and corporations around the world." - Jack Dorsey
Jack Dorsey makes the case for a native social media protocol in this short, but important pie
Reboot - The Use of Knowledge in Society [F.A. Hayek]
Bringing back one of my favorites today that I mention often but we haven't covered in a very long time. This is an essential piece diving into the complexities and profound depth in the market establishment of a price. And why the very notion of the price being "wrong" or fixing it, is self-evidently impossible, as the only information we have to make a comparison, is given to us by emerging prices in the market. Hayek takes us on a journey in this incredible piece that is not to be skipped.
T
Guy's Take #62 - Dear Peter Zeihan...
How much economic ignorance can you fit into 1 minute and 54 seconds? Well apparently its quite a lot. Peter Zeihan confidently embarrassed himself on Joe Rogan's podcast recently by going on a short rip regarding Bitcoin's negative value and how a reliable, fixed money causes economic disaster but the inflated, debt drowned political currency is more valuable. And how counterfeiters have rightfully earned the wealth they steal, but savers gaining some purchasing power as the economy grows is "u
Read_690 - Bitcoin is Not a Hedge [Parker Lewis]
"Bitcoin is not a hedge against inflation; it is the permanent solution to inflation, and those are two very different things." - Parker Lewis
Parker Lewis is back in action with the 18th installment of the Gradually, Then Suddenly series on its way to becoming a phenomenal book. Check out the many other articles in this series at the link below, but you don't want to miss this one. Bitcoin isn't a hedge against inflation, its the solution to it.
Find the article and Parker's other works, plus
Read_689 - The Rediscovery of Money [dergigi]
"If your money requires permission to be spent, it is not your money. If your money has counterparty risk, it is not money—but credit. If your money steals from you, it is not your money—but a control and financing mechanism of your government. If your money requires identity, it is not money but a social credit score system." - Dergigi
Today we dive into a short but excellent piece by Gigi in his new collection of recent articles and works around his new book, 21 Ways. Don't miss the original
Read_688 - The Chaffening [Aristophanes]
"So they fire out digital chaff frantically in every direction, they play whack-a-mole with high-engagement nodes that are or could be threats. The enemy is now reactively defending themselves, not proactively steering the course. This is the Titanic and we are the iceberg." - Aristophanes
We start the year off with a very interesting piece about the state of the ideological world and how the speed and connectivity of our ideas and information has massively changed the world already and fundame
Green Eggs and Ham - Decentralized Finance, the Good, the Bad, & the Ugly
"This is the root of our cultural concern for crypto DeFi. The cultural, and arguably even structural, commitment to financialization is extremely difficult to reconcile with this core purpose of securities. In a sense, none of this is surprising given the foundations of crypto DeFi. If you jump straight to “decentralized securities” without first nailing down decentralized money and peer-to-peer technology, the urge to financialize is obvious, because what other value or utility can you even at
Structural Adjustment: How the IMF and World Bank Repress Poor Countries [Alex Gladstein]
This is the full, unabridged reading of Alex Gladstein's work, "STRUCTURAL ADJUSTMENT: HOW THE IMF AND WORLD BANK REPRESS POOR COUNTRIES AND FUNNEL THEIR RESOURCES TO RICH ONES" published with Bitcoin Magazine.
Link to the original read for the plethora of links and references to dig further into this incredible story.
https://bitcoinmagazine.com/culture/imf-world-bank-repress-poor-countries
Don't forget to check out our amazing sponsors:
• Dive into the Bitcoin only wallet, the cypherpunk ca
Read_687 - How the IMF and World Bank Repress Poor Countries, Part 5 [Alex Gladstein]
"Research from Mexico — a typical country in terms of consistent involvement historically from the Bank and Fund — shows that for every 2% decrease in GDP, the mortality rate increased by 1%.
Now consider that as a result of structural adjustment, the GDP of dozens of countries in the Third World between the 1960s and 1990s suffered double-digit contractions. Despite massive population growth, many of these economies stagnated or shrank over 15-25 year periods. Meaning: the Bank and the Fund’s p
Read_686 - How the IMF and World Bank Repress Poor Countries, Part 4 [Alex Gladstein]
"The “generosity” of the West enabled unaccountable leaders to plunge their nations into debt deeper than ever before. The system was, as Payer writes in “Lent And Lost,” a straightforward Ponzi scheme: the new loans went straight to paying for the old loans. The system needed to grow to avoid collapse." - Alex Gladstein
WERE BACK! We've got a bit of a lengthy introduction today while I mostly apologize and ramble about why I missed more than a weeks worth of episodes, but we are getting back i
Read_685 - How the IMF and World Bank Repress Poor Countries, Part 3 [Alex Gladstein]
"Far from playing the role of good samaritan, the Fund does not even follow the timeless human tradition, established more than 4,000 years ago by Hammurabi in ancient Babylon, of forgiving interest after natural disasters. In 1985, a devastating earthquake hit Mexico City, killing more than 5,000 people and causing $5 billion of damage. Fund staff — who claim to be saviors, helping to end poverty and save countries in crisis — arrived a few days later, demanding to be repaid." - Alex Gladstein
Read_684 - How the IMF and World Bank Repress Poor Countries, Part 2 [Alex Gladstein]
"To give an example of what this might look like in a given year, in 2012 developing countries received $1.3 trillion, including all income, aid and investment. But that same year, more than $3.3 trillion flowed out. In other words, according to anthropologist Jason Hickel, “developing countries sent $2 trillion more to the rest of the world than they received.”
When all the flows were added up from 1960 to 2017, a grim truth emerged: $62 trillion was drained out of the developing world" - Alex
Read_683 - How the IMF and World Bank Repress Poor Countries, Part 1 [Alex Gladstein]
"A 2014 analysis showed that the IMF had attached, on average, 20 conditions to each loan it gave out in the previous two years, a historic increase. Countries like Jamaica, Greece and Cyprus have borrowed in recent years with an average of 35 conditions each. It is worth noting that Bank and Fund conditions have never included protections on free speech or human rights, or restrictions on military spending or police violence." - Alex Gladstein
Today we dive into the first part of another incre
Guy's Take #61 - Blockchains, A Square Peg for Round Holes
There are about a million claims out there as to what blockchains are going to fix, and how NFTs are going to be used to unlock your house, and how DAOs will be used to enforce and decide laws, but what truth is there to this really? And more importantly, does a blockchain really solve these problems? What are the inherent trust issues, and where are the vulnerabilities? Today we dive into this concept and cover many of the most touted "use cases" for blockchain and talk about what could be need
Read_682 - Data Shows That Lightning Solves Scaling [Kozlovski]
"A data-driven exploration proving that Lightning scales bitcoin payments beyond Visa and that second-layer innovation is the way." - Stanislov Kozlovski
Check out the original article at:
https://bitcoinmagazine.com/technical/lighting-network-makes-bitcoin-scalable
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• Dive into the Bitcoin only wallet, the cypherpunk calculator, and a company that h
Read_681 - The Twitter Files - Part 1 [Matt Taibbi]
“They just freelanced it,” is how one former employee characterized the decision. “Hacking was the excuse, but within a few hours, pretty much everyone realized that wasn’t going to hold. But no one had the guts to reverse it.” - Matt Taibbi
Didn't have time to read that whole thread on the censorship of Twitter and the obvious politicization of all of our social networks and big tech platforms? Well I'm happy to dive it. We read Part 1 of The Twitter Files today with a bit of a heated Guy's Ta
Read_680 - Green Eggs and Ham, Part 2 [Farrington & Big Al]
"We believe the core of the cultural fissure between crypto and bitcoin comes down to financialization. While the ethos of bitcoin is to definancialize, the ethos of crypto is to financialize. We repeat our characterization of this tendency from above: DeFi engages in arbitrary and automatable combinations of seigniorage, securitization, rehypothecation, and leverage. It is the purest form of financialization ever conceived: the financialization of ... nothing at all." - Allen Farrington, & Ande
Read_679 - Green Eggs and Ham, Part 1 [Farrington & Larson]
"One counterargument might be that the de facto state capture of Ethereum in gradually becoming more and more OFAC compliant could, at the same time, be said to give it practical grounds to become more accepted as money via state enforcement, and more transparent than fiat currencies in traditional finance also. However, the cost is, once again, explicitly the loss of decentralization, so whatever kind of money it is, it is not decentralized and therefore cannot contribute to credibly decentrali
Read_678 - Toward a Node World Order [Micheal Goldstein]
"A bitcoin full node is a certainty machine. When a user runs a full node, they are granted a level of certainty about a monetary network that no human had prior to bitcoin’s existence. Every other monetary technology is riddled with uncertainties. Bitcoin fixes this." - Micheal Goldstein
Bitstein is back with another banger of a piece. Toward a Node World Order! Another from the Bitcoin Times publication with an absolute ton of other great writing and a full print magazine to check out. So man
Chat_75 - Opting Out with Matt Hill
On the nature of sovereignty, the challenges of the world we live in, the fog of war that has descended upon our lives, and on the tools and systems we need (and are building) in order to ensure we will find ourselves in a future of sovereign individuals. Opting Out with Matt Hill is a conversation you don't want to miss.
Follow Matt and check out the new hardware and OS advancements coming from Start9 at the links below:
https://twitter.com/_MattHill_
https://twitter.com/start9labs
Boost Bitc
Read_677 - Maturation of Lightning, Growing Up By Going Vertical [Roy Sheinfeld]
"As the Web became much more complex, we now engage with multiple companies for each of those functions. Including all the writing, editing, commenting, revising, and so on, even a simple post like this one will involve the services of a few ISPs, a few email providers, a few cloud storage platforms, a few cloud text editors, a few image repositories, and who knows how many background services.
And now it’s happening to Lightning. Like any social system, our network is constantly evolving, and i
Read_676 - The State of Man - Proclaim Your Bitcoin, Part 2 [Simply Bitcoin]
"The primary work undertaken by thieves to maintain their systems of thievery is manipulation. Deceit and lies are the tools of the trade for the thief. And there is no grander system of theft than the debt based monetary system of the US dollar, enforced under deadly monopoly powers and perverse amounts of public manipulation." - Simply Bitcoin
Part 1 = https://open.spotify.com/episode/1m87ZXaFbZ5nRf0kipix2t?si=420093ff62ad46e1
Listen to Part 1 of the "Proclaim Your Bitcoin" Series if you haven
Read_675 - Stop Drinking the Elite's Kool-aid [Nayib Bukele]
"They used to own everything, and in a way they still do; the media, the banks, the NGOs, the international organizations, and almost all the governments and corporations in the world.
And with that, of course, they also own the armies, the loans, the money supply, the credit ratings, the narrative, the propaganda, the factories, the food supply; they control international trade and international law. But their most powerful weapon is the control of the “truth”." - Nayib Bukele
Today we read an
Read_674 - FTX & Alameda, Through the Looking Glass [NYDIG]
"I will start with the conclusion: my piece failed. Nothing has changed. DeFi-driven blowups have continued. Therefore, in the strongest possible terms, I repeat, with humility: do not invest in non-Bitcoin crypto. Do not invest in non-Bitcoin DeFi. This is why NYDIG is a bitcoin company. Always has been, always will be." - Ross Stevens
Today we take a short dive down the FTX and Alameda rabbit hole with an article put out from NYDIG and Stone Ridge that prefaces the situation with a call to ac
Read_673 - Crypto is Peak Silicon Valley [Allen Farrington]
"My learned opinion is that although your average toxic Bitcoin maximalist might be able to sniff out this bullshit a mile away, Silicon Valley cannot, because Crypto is peak Silicon Valley, and Silicon Valley has sadly become peak fiat." - Allen Farrington
We bring another great piece by Allen just after our last great piece from Allen, but this time diving into the FTX insanity and how to understand why this and the other recent disasters are obvious consequences of the fiat mentality pervasi
Read_672 - No, Let's Not: Perpetrators of Pandemic Authoritarianism Cannot Be Forgiven [Allen Farrington]
“It must become embarrassing to admit one ever supported uninformed and nonconsensual participation in a medical experiment or mass house arrest and coerced isolation.” - Allen Farrington
Amnesty for the tyrants who pushed for the destructive policies and gross abuses of power we witnessed over the past few years, is acceptance that these abuses and lies will happen again. There will be no amnesty. Farrington explains why in no uncertain terms.
Check out the original article and the onslaught
Chat_74 - Synonymous with Sovereignty, with John Carvalho
Today we bring John Carvalho back on to talk about Bitkit and the release of Synonym's first major product in the BitKit wallet and Slashtags. Re-Decentralizing the internet with serverless identities, default encryption, and where your Bitcoin seed is the key to your online kingdom. The first lego blocks of a potentially massive ecosystem. Download the Bitkit wallet in beta to check out slashtags & their intuitive wallet experience, as well as the other links below to explore more of what is po
Read_671 - Greenpeace Attacks Only Galvanize Bitcoiners [Daniel Batten]
"They will come to understand that Bitcoin is hope for non-violent revolutionaries in the environmental movement who seek to end the petrodollar, usher in a world that is not based on the excessive consumption that inflationary (fiat) currencies incentivize, stabilize the intermittency of renewable energy, find a home for new solar and wind on the grid and mitigate methane that would otherwise have become atmosphere-borne and contributed to climate change." - Daniel Batten
Today we dive into a
Read_670 - Capital Misallocation, Bitcoin Fixes this - Part 2 [Steven Lubka]
"The creation of new money by insiders debases the savings ability of the existing money. It is critically important for money to maintain value, as it reflects work which was performed but not redeemed for goods and services. Is the value of your forty hour work week last month suddenly not worth as much because some feckless bureaucrat decided to fire up the money printer? Not in a system that has any integrity. It is important for work to be redeemable at the value that was assigned to it whe
Read_669 - Capital Misallocation, Bitcoin Fixes this - Part 1 [Steven Lubka]
"Money facilities a system — the economy — that is too complex, too unpredictable and too uncertain to be modeled or reduced to neat quantifiable units. Expanding humanity’s productive resources — capital — requires the acceptance of complexity, uncertainty, unknowns and risk. It’s not a neat or tame process. It’s a wild one. It’s a gang of risk takers spelunking the caverns of the unknown with nothing except their intuitions about future preferences and knowledge of current problems to guide th
Read_668 - Why Proof of Stake Wont be Used for Intergalactic First Contact [Buck Perley]
"A universal law can be understood to be an objective, observable, and eternal description of some facet of the universe. As such, they can be independently discovered by disparate societies living within the same universe as long as both societies are able to observe the same facets of that universe. It may not be known as Newton’s Law to the Nakamotans, but they will likely have discovered that “every particle attracts every other particle in the universe with a force that is directly proporti
Read_667 - The Final Bubble is Bursting [Myrmikan Research]
"One might ask: if much of the U.K. pension money was about to vanish, where was it going? Partly to the bankers, of course, but mostly, as with any bubble, the value was simply illusory. In 2001, Argentina forced private pension funds to purchase $2.3 billion in government bonds so that the government could meet external debt Payments. The following day, the funds listed the bonds as an asset, but the value was already gone (Argentina would later confiscate the whole pension system officially).
Reboot - Wittgenstein's Money [Allen Farrington]
"Imagine if all respectable business knowledge had been derived from studying large, established companies because there had never been a start-up in living memory. If a start-up then came along, people might well say, “that’s not a business because it doesn’t make a profit,” or, “that’s not a business because it doesn’t have a defined business plan.” Clearly, this would be ill-advised. That is not to say that their models and definitions would be perfectly wrong instead of perfectly right, but
Read_666 - Debunking the ESG Attacks on Bitcoin [Spencer Nichols]
"While Bitcoin does not litigate the ethics of hydrocarbon production, it is not controversial to point out that the dollar, in that it is sustained by the continuation of the US military-industrial complex (the single largest consumer of oil in the world), carries an incomparably greater carbon footprint than the Bitcoin network will ever begin to approach. All this, while generating abhorrent negative externalities, among which are the countless lives lost to conflict and the inherently politi
Read_665 - The Nature of Man, Proclaim Your Bitcoin Part 1 [Simply Bitcoin]
"to survive and prosper in this world, man can either make the things he needs and wants, or he can take them. This was true thousands of years ago and it is true today. To use a modern linguistic framing of this notion; man can either perform work to satisfy his wants and needs, or perform theft to satisfy his wants and needs. There are no two ways about this. Either put in the work to build something, or figure out a way to steal someone's work." - Simply Bitcoin
From the Simply Bitcoin subst
Read_664 - Bitcoin Astronomy, The Third Law - Part 2 [Dhruv Bansal]
"But if technological civilizations are more common, then we must resolve the Fermi Paradox in a different way. We know that any “solution” is really an a reflection in the mirror of universality, an interpretation of humanity’s future based on what one believes about the present. With this understanding, and with many speculations about the Laws of Bitcoin Astronomy and alien blockchains behind us, we propose a new solution to the Fermi Paradox (a member of the “they’re waiting for our signal”
Read_663 - Bitcoin Astronomy, The Third Law - Part 1 [Dhruv Bansal]
"Astrobiologists increasingly believe that conditions are frequently right for life. Hydrogen, oxygen, carbon and the life-sustaining molecules they form are the most common substances in the universe and we know there are millions, potentially billions, of rocky planets just like Earth orbiting stars just like our Sun in our galaxy alone." - Dhruv Bansal
Today we dive into an often requested series that I have been waiting to get back into for some time, the Bitcoin Astronomy Series! Today we
Guy's Take #60 - Digital Money
Today we explore a highly earned Guy's Take for Dergigi's "Bitcoin is Digital Scarcity" as well as using a core part of his framing to make sense of a few fundamental ideas behind Bitcoin. Recently as well I continue to run into the question, what is Bitcoin backed by? And I think this misses the entire point of why our virtual monies today need to be "backed" by something else, and why Bitcoin is different. So let's dive in...
Don't forget to check out the episodes and reads mentioned in this
Read_662 - Wrestling With the Truth [Allen Farrington & Sacha Meyers]
"The power of prices is the process of dynamic discovery that underpins their emergence, not the fleeting consensus of a specific moment in time. The price is never right, but prices are as right as can be hoped for at that moment. Attempts to coerce prices without the ability to change the reality they communicate are, therefore, bound to run into trouble. And yet we do not seem capable of accepting the truth of prices whenever it is inconvenient. To ensure that consensus can arrive at valid so
Read_661 - Five Examples of Bitcoin's Real World Utility [Trent Dudenhoeffer]
"Today, it’s a trucker protest. What if it’s a women’s rights protest next? A protest against abuses by a country you’re allied with? Who decides?
Bitcoin sure as heck doesn’t. Bitcoin doesn’t care about the color of your skin, your political affiliation, the country you’re in, what videos you watch on YouTube, etc. If you play by the same rules that everyone else plays by, you can use bitcoin." - Trent Dudenhoeffer
Another Bitcoin Magazine article to start off the week, this one by first time
Chat_73 - WTF is Happening in 2022? With Greg Foss, Clint Russell, & Guy Swann
We dive into the chaotic world of 2022 with the insanity of the financial markets, the bond markets cracking apart, the political sphere going nuclear, & the steady tick tock next block of Bitcoin as a totem of reliability & sanity in an insane world. Greg Foss and I joined Clint Russell on his excellent podcast Liberty Lockdown to dive into it all in a 2 hour rampage on the sate of the world today. Don't miss this one!
Check out Clint and his podcast, Liberty Lockdown if you haven't. Its an ex
Read_660 - Bitcoin is Digital Scarcity [Dergigi]
"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
You don't want to miss
Read_659 - Adoption & Digital Freedom Will Happen Through Lightning [Paolo Ardoino]
"Lighting Network adoption is scaling Bitcoin around the world. And it will be key to protecting our freedoms in the digital age as well." - Paolo Ardoino
Today we hit another awesome Bitcoin Magazine article on how Bitcoin is separating monetary value from the state, but that it is ultimately Lightning and its ability to fulfill the vision of P2P payments and entirely unique monetization systems that will protect the freedom of speech and allow global adoption of sound, neutral money. A great
Read_658 - Bitcoin Will Replace SWIFT Before VISA [Shinobi]
"Bitcoin is ripe for a massive disruption of systems like SWIFT, and at the rate the world is becoming both politically and economically unstable, I think that time is going to come sooner rather than later." - Shinobi
In the vision of consumers using Bitcoin to buy everyday goods and services, have we lost sight of the most valuable use of Bitcoin as a broad, global settlement system? Have we been distracted from the most valuable and even crucial utility of the Bitcoin system in a politically
Read_657 - Price Deflation & The Horrors of Falling TV Prices [Kyle Ward]
"Given two competing views of the world, the state will always promote the one that increases its power to extract wealth from its citizens. The choice between inflation and deflation is an easy one. Deflation empowers the citizen by allowing her modest savings to purchase more goods over time. Calling for inflation empowers the state by allowing it to print more money and by reducing the size of its enormous debts in real terms. It should be no surprise that state-funded academic institutions p
Read_656 - No, We Are Not Going to "Tokenize Everything" [Niko Jilch]
"The whole tokenize-everything-thing so far is one fast hype train. It is exciting not for the technical efficiencies it may provide but for the exact opposite: rent seekers seeking rent. Actually, between the lines, some projects seem to suggest to everyone: “You, too, can be a rent seeker.” - Niko Jilch
Wouldn't you want to own 1/1000th of a London apartment? Or maybe a famous work of art? Wouldn't this make ownership of these things far more efficient and be a major shift in the access of th
Read_655 - The Legendary Treasure of Satoshi Nakamoto [Tomer Strolight]
"Everyone loves a good origin story. Some are true, some made-up, and some a mix of the two.
The true origin story of Bitcoin’s appearance in the world is one of the most fascinating mysteries ever told. Yet these events all took place in the 21st century, a time when everything is recorded, and can be recalled, investigated — and verified." - Tomer Strolight
Bitcoin isn't merely a tool, but something so unique and fundamental, that it challenges widely held beliefs of the world & inspires ques
Guy's Take #59 - We're Not Going Anywhere
"Bitcoin is not merely a network, it's a foundation for an anti-authoritarian political movement in an increasingly authoritarian world. If you're looking for why so many people are deeply passionate about Bitcoin & nothing else, start there." - Guy Swann
Today I decide to rant about what Bitcoin maximalism means to me, why I am totally and completely focused on Bitcoin and nothing else, and why I think "crypto" has lost the plot. Crypto is interested in building a bunch of toys to be accepted
Read_654 - A Bitcoiner's Guide to Proof of Stake [Scott Sullivan]
"This brings us to our fourth principle behind PoS, which is that **PoS relies on subjective truth**. There is simply no objective way to pick between two competing blockchains, and any new nodes to the network must ultimately trust some existing source of truth to resolve any ambiguity. This contrasts significantly with Bitcoin, where the “true” chain is always the one with the most work. It doesn’t matter if a thousand nodes are telling you chain X, if a single node broadcasts chain Y and it c
Read_653 - Finding Signal in a Noisy World [Jeff Booth]
"That misinformation in the form of money wouldn’t just create polarization. Because money connects value between people and nations, it would drive a tremendous misallocation of capital and resources as individual actors in the system all made the system worse with their actions to make enough money to escape the system." - Jeff Booth
Today we take another brief pause from the Maximalism discussion to hit an awesome "back to the fundamentals" piece from Jeff Booth that dropped just last week.
Read_652 - Setting the Record Straight [Nic Carter]
"I’m going to clear things up here because most of the people piling on were deeply confused about me, my firm, and what I do. And yes, I’m including some choice words for the self-described Bitcoin maximalists. You asked for it. You got it." - Nic Carter
Nic takes to his medium page to denounce Bitcoin maximalism after getting bombarded over an investment by his VC fund. Was there a grain of truth to the criticism, is Bitcoin maximalism to blame, and what's the difference between the Bitcoin ma
Read_651 - The Path to a Bitcoin Standard in Africa [Charlene Fadirepo]
"I believe Africa represents the most elegant use case for a Bitcoin standard in existence. In the paragraphs that follow I will explain why." - Charlene Fadirepo
Africa is a hugely under-appreciated, yet massive part of the Bitcoin universe that is growing into its own, due to multiple factors, the case for a Bitcoin standard in Africa holds incredible potential. With a young vibrant demographic, political variety, entrepreneurial spirit, & a constant state of monetary pain, there are few plac
Read_650 - How to Be a Bitcoin Maximalist [Pete Rizzo]
"Cryptocurrency market-isms are built on claims about the economic and computer science advances Bitcoin and cryptocurrencies have achieved, and thus have a direct relationship to those claims.
While some are the product entirely of fandom, others are more complex, attempting to both define a scientific position, and then encourage beliefs and conduct based on those claims." - Pete Rizzo
Today we start a dive into Bitcoin Maximalism that we will expand on during this week. What is maximalism, i
Read_649 - The Continual Power of Intermittent Mining [Zack Voell]
"Many aspects of the Bitcoin mining industry are poorly understood and often misrepresented. But one practice in this sector stands apart for the misunderstandings and under-appreciation that surround it: intermittent mining." - Zack Voell
One of the most under appreciated aspects of Bitcoin mining is its ability to be interrupted. As a buyer of last resort for energy that is curtailed or produced when it can't be consumed, and also able to turn off without losing its purchaser (i.e. the Bitcoi
Read_648 - Bitcoin is the Hills [Captain Sidd]
"A study of the hill tribes of Southeast Asia titled “The Art Of Not Being Governed” provided a fresh take. The author, James C. Scott, posits that the hill tribes were not “left behind” by the valley states but instead composed of refugees from the negative consequences of state-making down in the valleys: bondage, tribute, slavery, war epidemics and more. The rough terrain in the hills served as a natural impediment to absorption by the state." - Captain Sidd
Today's article brings a unique p
Shitcoin Insider #008 - Maximum Maximalism with the Shitcoin Insider
We have got a great episode of Shitcoin Insider today, we bring the Insider himself back to the show today to discuss what Bitcoin maximalism even means, is it a "dying breed?" Is it just a bunch of meanies on Twitter? Or have we found ourselves fighting over a caricature that's equated to the lowest common denominator of the Twitterverse, while ignoring the actual set of principles behind the Bitcoin-only philosophy and what it truly means?
You don't want to miss today's excellent conversation
Read_647 - Understanding Decentralization in Bitcoin [Arman the Parman]
"The answer that matters depends on the context. The context you need to have is that cryptocurrency, i.e. Bitcoin, was invented/discovered initially to allow a money by the people that cannot be shut down by government. In that context, the most important element to be decentralized is the network of Nodes. -- If the nodes are not decentralized, nothing else decentralized matters. -- If the nodes are decentralized, then the other things kind of matter, but not as much." - Arman the Parman
Toda
A Look at the Lightning Network [Lyn Alden]
"I think too many people in those early years interpreted “e-cash” to mean quick-and-easy payments for everyday goods using the base layer, when a better way to think of cash today is as a private censorship-resistant final settlement transaction method. Physical cash, after all, is not necessarily the easiest payment type, or a medium of exchange that we need to use for everything, but it’s the most private and the hardest to prevent from occurring." - Lyn Alden
The full, uninterrupted reading
Chat_72 - The UnCommunist Manifesto, The Swann Brothers chatting with Mark Moss and Aleks Svetski
Tearing down the fallacies of the collective, and digging through the principles of liberty and personal responsibility with the one and only Aleks Svetski and co-author Mark Moss. My brother also joins us today to dig into this topic with a really fun chat on the powerful, but ultimately broken ideas of communism, and why Moss and Svetski's book, The UnCommunist Manifesto, is a short, succinct breakdown of the principles that align us with truth and personal responsibility. You don't want to mi
Read_646 - A Look at the Lightning Network - Part 3 [Lyn Alden]
"Back when the iPhone was introduced in 2007, few people thought, “wow this could really disrupt the taxi industry a decade from now.” A few technologies had converged by that the point to where everyday people could have a pocket supercomputer with a big touchscreen and a high-bandwidth mobile internet connection, and this served as a set of building blocks that could exponentially eat into many other industries, including allowing Uber to come along and change how we move across cities. All ma
Read_645 - A Look at the Lightning Network - Part 2 [Lyn Alden]
"But more broadly, one must ask, “at what point would someone want to permanently exchange their self-custodial scarce money (bitcoin) that has a 1.8% annual supply inflation rate that is exponentially shrinking, for a soft money (fiat currency) that typically has a 7% annual supply inflation rate or higher?”
The answer for many people, is never, as long as the Bitcoin network is still working." - Lyn Alden
What is up we are digging into Part 2 of Lyn Alden's amazing piece "A Look at the Lightn
Read_644 - A Look at the Lightning Network - Part 1 [Lyn Alden]
"Simple “bubbles” don’t survive through several 70%+ drawdowns over a period lasting thirteen years and counting; it looks more like Metcalfe’s law of network adoption at this point. That doesn’t mean it is without risks, but it means it should be studied and understood rather than dismissed, to see what it is about this network that allows it to keep growing through resistance." - Lyn Alden
After about 20 requests we are finally diving into Lyn Alden's incredible piece on Bitcoin's evolution f
Read_643 - Bitcoin and the True Meaning of Inflation [Steven Lubka]
"Today, people use inflation to refer to two separate things, and whenever you hear someone saying inflation it’s not always clear which definition they are referring to. One definition is “the prices of consumer goods increasing” and the other is “dilution of the money supply”. So which is it?" - Steven Lubka
Steven brings an excellent piece today from the Swan Bitcoin Blog about the nature of Bitcoin as an inflation hedge. Does that mean Bitcoin will stay perfectly in line with the general pr
BONUS - Shitcoin Insider #7 - How Many Degrees Celsius is a Lunatic? with Cory Klippsten
WE ARE BACK! Were you wondering about everything that happened in the collapse of TerraUSD, the algorithmic stablecoin that got algonniahilated? And how exactly did one project's failure create such a cascading shitstorm of Defi defaulting? Cory Klippsten, CEO of SwanBitcoin, and outspoken critic who warned everyone of these projects long before they collapsed, breaks down what he saw in these [rojects and companies that brought them to their inevitable conclusion. Dont miss the return, of Shitc
Shitcoin Insider #007 - How Many Degrees Celsius is a Lunatic? with Cory Klippsten
WE ARE BACK! Were you wondering about everything that happened in the collapse of TerraUSD, the algorithmic stablecoin that got algonniahilated? And how exactly did one project's failure create such a cascading shitstorm of Defi defaulting?
Cory Klippsten, CEO of SwanBitcoin, and outspoken critic who warned everyone of these projects long before they collapsed, breaks down what he saw in these [rojects and companies that brought them to their inevitable conclusion. Follow Cory here. (Link: https
Guy's Take #58 - "Rent-Seeking Savers!" Misconceptions in Noahpinion's Crypto Misconceptions
"I think there are some important economic errors in the stories I see people telling about crypto, on Twitter and elsewhere — errors that have important implications for how we should think about the value of Bitcoin and other blockchain assets." - Noahpinion
Unfortunately I think there are quite the few economic errors in Noahpinion's article titled, "Economic misconceptions of the crypto world." While he may actually have some fundamental points to add around much of the "crypto" space and t
Read_642 - Losing Your Keys Without Losing Your Coins [Block]
"These two jobs are almost always in tension. Any added protection to keep a bad actor out adds a risk that it may also trip up the owner, and any new backup or alternative way to access creates a new potential security hole." - @max_guise
Today we dive into a practical piece on how to build a unique self custody model that allows the user room to make mistakes, but still retain control, or the ability to recover their funds. Safely storing Bitcoin keys can be incredibly challenging and the unf
Chat_71 - Redesigning the Internet for Fun & for the Revolution, with Mathias Buus and Paolo Ardoino
Following up on the release of Keet.io and a simple to use, responsive, encrypted, & scalable P2P data sharing protocol in Holepunch, its network backend, we bring the CEO of Holepunch Mathias Buus, and the CSO of Holepunch and CTO of Bitfinex, Paolo Ardoino on the show to talk about what the long term vision of this project truly is. This isn't just a better video chat app, this is the first building block in a plan to rebuild the internet & potentially break down the walls of the internet's ma
Read_641 - Bitcoiners Are Not Utopians [Aleks Svetski]
"It’s not and never was about equality or perfection. It’s about fairness and consequence. Bitcoin is “Responsibility go Up” technology." - Aleks Svetski
The principles and rules of Bitcoin do not establish utopia, they do not create a perfect equality for all participants, instead it creates fairness and enforces equal responsibility on all who use the Bitcoin system. It is rules without rulers, it is a form of natural, incorruptible law, and all the consequences that come with that. Svetski b
Chat_70 - Mashing it with Magic Internet Money, Jesse Berger & Jared Nusinoff
Orange pilling the everyday user with Mash. Combining simple, fast onboarding into the Lightning ecosystem and enabling a unique monetizing experience with micropayments and payment flows to any content imaginable. Author Jesse Berger joins to announce the experience available for exploring his book, Magic Internet Money. Pay for the book, or by the chapter, or the page. Pay only for what you want to read, and not a sat more.
Find out more in today's chat, Mashing it with Magic Internet Money.
Read_640 - Keet, P2P Encrypted Communications To Integrate Lightning [Namcios]
"Holepunch makes Hypercore more accessible by abstracting away low-level technical details of the protocol. It takes Hypercore one step further by simplifying the architecture and enabling more people to build apps with it — which enabled a single frontend developer to build Keet in under four months" - Namcios
Keet is going to change the game. P2P encrypted and decentralized, video, audio, and file sharing. Built on Holepunch and Hypercore, a technology stack that has the potential to drastica
What is Money, Anyway? [Lyn Alden]
"If a money (the most salable good) is easy to create more of, then any rational economic actor would just go out and create more money for herself, diluting the whole supply of it. If an asset has a monetary premium on top of its pure utility value, then it’s strongly incentivizing market participants to try to make more of it, and so only the forms of money that are the most resistant to debasement can withstand this challenge." - Lyn Alden
The full, unabridged reading of Lyn Alden's excellen
Read_639 - How Fedimint Scales Bitcoin Custody [Namcios]
“Fedi and Fedimint will help put monetary power back into the hands of everyone, everywhere,” said Fedi Inc. co-founder and CEO, Obi Nwosu, in a statement. “This creates brighter futures for billions and especially for those struggling under oppressive regimes, which ultimately makes the world a better place.” - Namcios
The cypherpunk mission of Chaumian Ecash may finally be realized, as a federated payment model on top of Bitcoin. Fedi, the company implmenting a user-friendly, community custod
Read_638 - What is Money Anyway? Part 3 [Lyn Alden]
"Like any powerful technology, bitcoin can be used for good or ill. As proponents of the technology like to say, bitcoin is “money for enemies” because it’s a bearer asset that can be verified rather than trusted, and it’s hard to block payments for anyone. It’s like a commodity; something that can be partially regulated within certain jurisdictions but that in the holistic sense, exists outside of anyone’s control." - Lyn Alden
Today we hit the third and final part of Lyn Alden's incredible br
Read_637 - What is Money Anyway? Part 2 [Lyn Alden]
"To put it into perspective, this international monetary system based around centrally-managed fiat currency is only 16 years older than me. My father was 36 when the US went off the gold standard. When I grew up, after a period of financial hardship, I began collecting gold and silver coins as a kid; my father gave me silver coins as savings each year.
The Swiss dropped their gold standard when I was twelve years old, which was six years after Amazon was founded, and three years before Tesla wa
Read_636 - What is Money Anyway? Part 1 [Lyn Alden]
"If a money (the most salable good) is easy to create more of, then any rational economic actor would just go out and create more money for herself, diluting the whole supply of it. If an asset has a monetary premium on top of its pure utility value, then it’s strongly incentivizing market participants to try to make more of it, and so only the forms of money that are the most resistant to debasement can withstand this challenge." - Lyn Alden
The true rabbit hole of Bitcoin begins at the questi
Read_635 - 21 Million is Non-Negotiable [Zach_of_Earth]
"Imposing limitations on monetary goods has always required tremendous amounts of time and energy, and trust. And yet, with all our efforts, we still have been unable to fix the supply of any of the modern monetary assets of the world. Someone, somewhere, has always found a way to increase the supply. Whether because of some emergency reason to protect the greater good, or out of sheer greed, or out of complete ignorance, humans have succeeded 100% of the time in debasing the monetary premiums o
Read_634 - The Words we Use in Bitcoin [DerGigi]
"In a world awash in euphemisms and blatant lies, calling something by its proper name is rebellious in itself. Bitcoin is about freedom and self-sovereignty, not about asking for permission. It is about independence and verifiable truth; extreme ownership and responsibility; hope and human rights.
The best way to fight bad ideas and bad terminology is with good ideas and good terminology. Thus, we should all make an effort to call things by their proper names, try to understand their inner work
Read_633 - The Utility of Saving [Pierre Rochard]
"People hold money to hedge against future uncertainty. This is why it is so crucial for a monetary system to optimize for minimizing its own uncertainty. Bitcoin’s purchasing power is an external quantitative risk that can be insured against, not an internal qualitative uncertainty." - Pierre Rochard
Link to the read:
https://pierre-rochard.medium.com/the-utility-of-saving-c56f7c170fc1
Check out Pierre on Twitter:
twitter.com/bitcoinpierre
Dig deeper into these ideas with an excellent piece
Guy's Take #57 - Bitcoin Domino Theory
What if, sitting in the middle of a chaotic monetary environment, increasing capital controls, balkanizing political regimes, a failing petrodollar hegemony, collapsing institutional trust, increased sanctions & weaponized infrastructure, & aggressive, widespread inflation... there sat a global, neutral, decentralized, robust, & incorruptible network to store and transfer value? What would it look like if that network was infiltrating the global monetary order, in a sly round about way? Listen t
Guy's Take #56 - The Cascading Dominoes - Part 1
I promised, and it's finally here. It's time to get a little perspective, with the price at all time lows, exchanges and lending platforms imploding, a massive crypto deleveraging event, the Fed tightening, and the market heading into deep recession... HOW could you be bullish? Because I'm paying attention. It's time to zoom out, focus our lens past all the noise, take a serious look at the past year in Bitcoin, to get a clearer picture of the cascading dominoes... This will be part 1 of a serie
Read_632 - Can Governments Stop Bitcoin? [Alex Gladstein]
"Coding, mining, infrastructure, and markets are all independent, happening in competing jurisdictions and geopolitical rivals, often done by anonymous or pseudonymous actors, all with different philosophies and goals, but with one uniting motivation: to keep Bitcoin going." - Alex Gladstein
Bringing back an article from a year ago from the always fascinating Alex Gladstein. "Can Governments Stop Bitcoin" is a short exploration of the potential attack vectors via government bodies and how Bitco
Read_631 - The ECB is Trapped, Here's Why [Lyn Alden]
"Base money is a liability of the central bank, and it’s used as a reserve asset by commercial banks. Broad money is the liability of commercial banks, and it’s used as a savings asset by the public. Treasuries are liabilities of the federal government, and they’re used as collateral by the central bank and commercial banks.
In other words, liabilities are collateralized by other liabilities, all the way down." - Lyn Alden
Today we dive into another great piece from Lyn Alden's newsletter on th
Reboot - Everyone's A Scammer [Michael Goldstein]
With the markets in chaos, with services halting withdraws, & 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
Mentioned in the Guy's Take, check out Marty's Bent on t
Read_630 - Cry Harder [Francis Pouliot]
"Bitcoin is a lifeboat on the sinking fiat ship. Lifeboats on a sinking ship don’t need a marketing department." - Francis P.
As New York puts a ban on Bitcoin mining in the state, as the white house decides it's going to come up with "Bitcoin mining policy guidance," it seems like a good time to prepare our response. Cry Harder. Francis Pouliot brings us a fun and short exploration of Brandolini's law, the problem of arguing with idiots, & why Bitcoin isn't changing, no matter how much the hat
Read_629 - On Impossible Things Before Breakfast [NYDIG]
"The reverse of that process – a so-called “death spiral” – was inevitable. Any time the immeasurably over-levered global fiat monetary system, for whatever reason, experienced one of its periodic external shocks that skyrockets immediate demand for actual US dollar liquidity, UST investors would demand USD liquidity faster than the brittle and fundamentally flawed Terra ecosystem could provide. At some point, one UST would be worth materially less than one USD, further rattling investors and ki
Chat_69 - An Energy Revolution with Nathaniel Harmon
This episode is partly a follow up from Read_628 on reviving a promising renewable energy technology. Partly a discussion of the incredible economic subsidy that Bitcoin mining provides to bridge the Innovation Valley of Death for numerous energy resources. And partly a discussion of how Bitcoin so greatly changes the economics of stranded energy, that it could be the final piece in pushing us into the Third Industrial Revolution. You don't want to miss this conversation with Nathaniel Harmon, o
Read_628 - How Bitcoin Can Unlock the Energy of the Ocean [Level39]
"A typical Bitcoin mining operation will spend considerable amounts of time, energy and money cooling their ASIC miners with air conditioning or liquid immersion cooling, and these costs eat into profitability. However, the main waste product of OTEC is a nearly-infinite and continuous supply of 5ºC cold water. Not only does OTEC produce free cooling, it provides a level of cooling that almost no one else in the mining industry has access to — enough to overclock mining rigs by 30% to 40%, accor
Read_627 - Why and How to Get a Bitcoin Job [Stephan Livera]
"Coming off the Bitcoin 2022 conference, you might feel a little down from the high of meeting and spending time with Bitcoiners. I've also found that going to these events leaves you with an additional sense of urgency to do something more, or to become more involved somehow. One way to do that is to participate in Bitcoin projects or work in a Bitcoin job." - Stephan Livera
For as many times as I've been asked about how best to get a Bitcoin job, its hard to admit that I have never done an ep
Reboot - Why the Yuppie Elite Dismiss Bitcoin [Croesus]
"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
Today we bring back an oldie but a goodie while Rad, the wife & myself are chillin int he hospital recovering from Rad's journey into th
Read_626 - Digital Alchemy, A Post-Mortem of the Crypto Crash [Lyn Alden]
"Several exchanges in the industry fuel bubbles for a quick buck as well. If something starts to get momentum, including meme coins like DOGE or SHIB that don’t realistically have a substantial future, they promote those coins to their users, which can suck retail investors into buying the bubble top. Plus, a lot of Youtube and TikTok influencers pump small coins, and use their audience as exit liquidity." - Lyn Alden
For those of you who may be unaware, there was a recent blow up of a deca-bil
Read_625 - The Cascading of Interconnected Risk [Marty Bent]
"This created a ticking time bomb with a very short timer. That money was going to "work" in completely artificial markets that were being driven by pure central planning insanity instead of actual fundamentals. As everyone and their mother who had excess cash was shoveling it into financial and real estate assets, global supply chains were quickly breaking down." - Marty Bent
Today we dig into what exactly is going on in the financial markets, why equities are crashing over a tiny increase in
Guy's Take #55 - On the Economics of CTV Batching, & Where I was Wrong
So what exactly did I get wrong in Guy's Take #54, and why? Let's dig back into the economic of CTV and transaction commitments, to clear up what I was misunderstanding around unrolling large batch transactions and who pays the cost of doing so. Are the incentives aligned or not? We discuss in today's Guy's Take episode.
Here is a link to the article we will be covering soon by Shinobi on the real controversy regarding CTV and its activation method if you want to get a head start:
https://bitco
Read_624 - Riding the Lightning Network [Sam Callahan]
"Despite all of these constraints, the free market finally provided the competition these incumbent banks so desperately needed. Bitcoin and the Lightning Network have arrived to show the world that we finally have the technology available to bring cheap global payments to everyone in the world." - Sam Callahan
Today we dig into the absolute mess of differing standards, wall gardens, high fees, jurisdictional conflict, & liability risks that abound in our global financial and payments infrastru
PSA - Price Be Crashin 2022!
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Guy's Take #54 - CTV, Blockspace Debt, & TX Grenades
[Caveat - A critical piece of the puzzle I lay out in this episode was something I incorrectly understood, which makes this entire thought experiment moot. I explain further in Guy's Take #55]
Today I want to isolate the problem I brought up briefly in the previous CTV episode and expand on how I've been exploring the concept and how it might be a problem to the economics of transaction fees and how it alters the liability of who pays for the cost of the data. I think this relates to issues fro
Read_623 - Response to the Huffman Letter to the EPA [Bitcoin Mining Council]
"It is imperative that elected officials in the United States recognize that bitcoin, and the innovation of Proof of Work, is the most important financial, economic, and accounting innovation in the history of humanity." - Bitcoin Mining Council
Today we read & discuss a thorough and well argued response to the unfortunate nonsense in the Huffman letter to the EPA written by 22 elected politicians. With numerous old, tired claims that are easily debunked with any search for real data or facts,
Guy's Take_53 - Let's Talk CTV
Everybody take a deep breath! Right now all the drama on Twitter and the Bitcoin community is all about CTV. What is it? Is this an attack on Bitcoin? Is it going to destroy Bitcoin fungibility? Are we firing the devs again? Well luckily I've been digging around through things the past 3-4 days and can at least give you an introduction on the idea and begin our journey to figuring out if this a new benefit or risk. There happens to be a lot of FUD both for and against the CTV/BIP119 proposal in
Read_622 - Silent Payments & Secret Blinding Keys [Shinobi]
"One issue with Bitcoin’s privacy, the ability to receive funds without giving up valuable information, is addressed with 'silent payments.'" - Shinobi
Today we dive back into privacy with payment codes, BIP47, how exactly it works, and then the recent proposal from Somsen on "silent payments" that takes this even a step further to limit the data load on the chain itself. Some really fun tricks here that help give much needed privacy to those who need it most. Listen to find out more.
Link to
Read_621 - I Finance the Current Thing [Allen Farrington]
"Even if you knew this was complete and utter bullshit, and that being an agent and not a principal ethically and legally precludes you from pretending your politics is your job, can you imagine, dearest of readers, your absolute priority at all times being to appear minimally different to all your competitors and hence to mimic whatever stupid bullshit they are spouting, regardless of whether even a single such spouter is making one iota of sense?
You’ve just imagined ESG." - Allen Farrington
Read_620 - Reading of the Transcription of the Recording of the HODL vs DeaterBob "Debate" [Stephen Chow]
"You’re a thirsty bitch. You like to gargle Peter’s balls." - DeaterBob
This is happening and there is nothing I can do about it at this point. Enjoy.
You can earn Bitcoin by Donating Plasma in a new pilot program. I've put the details for you at the link below:
guyswann.com/blood
For the best products and services to get you started in Bitcoin, our sponsors are literally a handful of those that I use most in this space:
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Read_619 - Bitcoin Mining & The Gird, Part 1 - Generators [Blake King]
"Bitcoin miners are unique because of how fast, transparent, and flexible their response can be to pricing fluctuations.
Riot’s Whinstone mining farm in Texas is a perfect example of miners powering down during tight conditions in ERCOT. During winter storms in February 2022, the site powered down 99% of its operations to reduce load. This flexibility made headlines.
Now imagine if ERCOT has visibility of every miner over 10 MW that’s connected to the transmission network. The price at which t
Read_618 - Expanding Functionality in Lightning Implementations [Shinobi]
"There are still many extensions to build out in the protocol and areas with unsolved scaling issues. In general, the Lightning protocol itself still has a long way to go in terms of solving existing issues and becoming robust and scalable enough to serve as a global transactional network on top of Bitcoin." - Shinobi
Following up some of the incredible announcements and discussions at Bitcoin2022, Shinobi breaks down what is happening in the major Lightning implementations, the directions they
Read_617 - Announcing Taro, Multi-Asset Bitcoin & Lightning [Ryan Gentry]
"Taro enables bitcoin to serve as a protocol of value by allowing app developers to integrate assets alongside BTC in apps both on-chain and over Lightning. This expands the reach of Lightning Network as a whole, bringing more users to the network who will drive more volume and liquidity in bitcoin, and allowing people to easily transfer fiat for bitcoin in their apps. More network volume means more routing fees for node operators, who will see the benefits of a multi-asset Lightning Network wit
Chat_68 - Keysend Maximalism & LNpay with Bootstrap Bandit
LNpay, LNURL, LNauth, streaming sats, Bolt12, the past and future of Lightning. We dig into tons of great stuff around Lightning and discuss Keysend Maximalism with my good friend and the creator of LNpay, Bootstrap Bandit. We are getting back into it after the Bitcoin2022 conference, and you don't want to miss it. So stay tuned, much more on the way!
Dont forget to follow Bootstrap on Twitter, and explore the incredibly useful tools and services built over at LNpay.co.
You can earn Bitcoin by
Read_616 - Current State of Lightning Privacy [Tony]
"Besides the advantage of near-instant payments, there can be privacy improvements to Lightning as well. Unfortunately, there are scenarios where Lightning is not great for privacy. I’d like to unearth some of these. Not as FUD about the network, but to keep people as informed as possible so they may privately use Lightning. Everything in this article is public knowledge and known to the industry to some degree. This is my attempt at aggregating the topic of Lightning privacy from a higher level
Guy's Take #52 - Follow up to Read 615 - The State vs Bitcoin
This episode is because the previous read by Steve Barbour deserved a Guy's Take. Before we change topics to privacy in the episode coming later this week, "The State vs Bitcoin" deserves a solid shake down. A Guy's Take episode on Read 615.
Link to the original article by Steve Barbour:
https://sgbarbour.medium.com/the-state-vs-bitcoin-dbc044f23ea6
You can earn Bitcoin by Donating Plasma in a new pilot program. I've put the details for you at the link below:
guyswann.com/blood
Check out the
Read_615 - The State vs Bitcoin [Steve Barbour]
"As with freedom and oppression, Bitcoin and State money may exist in a perpetual tug of war between ideals. Where State money relies on compulsory participation, Bitcoin offers completely voluntary entry and exit and thus represents the antithesis of State money. In this essay I will explore the mechanisms in which Bitcoin may resist State attack." - SGBarbour
Today we explore the feasibility and the correcting mechanisms in the Bitcoin system for resisting sustained censorship of the network.
Read_614 - ...and Then They Fight You [SovrynMindset]
"Much more to say. This is just a starting point, but I'm interested in Bitcoin for its potential to reorient civilization to an existence rooted in truth. If adoption comes at the cost of that, all the NGU euphoria means nothing and most of what gives Bitcoin value will be lost." - SovrynMindset
Michael brings us an excellent thread on the attack vectors likely to come in the not-too-distant future as we have clearly entered the "then they fight you" stage. Now is not the time to rest on our l
Read_613 - Against the Inevitability of Bitcoin [Ariel Deschapell]
"...This purpose flounders, however, if their own evangelists and the community at large fails to lay the groundwork and impetus to push ever deeper.
As a community, we fail when, in chasing the mainstream, we lose sight of the original spirit in which Bitcoin was created and bootstrapped." - Ariel Deschapell
To kick off adversarial week, we are covering a great piece that brings us back down to earth so we can see where we are, the reality of our situation, & the true challenges that lay befor
Read_612 - Energy Cancelled [Arthur Hayes]
"On a medium-term basis, it is time to back up the John Deere excavator and scoop up as much gold and Bitcoin as you can afford. This is it, the start of a monetary regime change. Nothing lasts forever, and the days of Petro / Eurodollar supremacy are over. The phase shift will be chaotic, it will be volatile, it will morph, but it will 100% be MASSIVELY inflationary in fiat currency terms.
There is no government, ever, that resisted the temptation to print money in order to pay its bills and pl
Read_611 - The Freedom of Value [Dergig]
"Thus, given enough time and popularity, every movie, every song, and every document will be available to the general public for free. The nature of information does not allow for another outcome. Hence the saying: information wants to be free.
Although trying to create something that can't exist—information that can't be copied—is paradoxical in itself, this isn't what I mean by the DRM paradox. What I mean is something more hilarious. It is again psychological, not technical in nature. The par
Read_610 - The Invisible Cost of War - Part 2 [Alex Gladstein]
"In sum, the U.S. government has shown that — through the GFC, repo spike crisis in 2019 and pandemic crisis in 2020 — it is willing to do anything to keep interest rates down: start an experimental QE program to buy long-dated treasuries and subprime mortgages; nationalize the repo markets; and even nationalize the corporate debt markets." - Alex Gladstein
Today we conclude Alex Gladstein's incredible new article on the invisible costs of war, and how our monetary policy disconnects the unbeli
Read_609 - The Invisible Cost of War - Part 1 [Alex Gladstein]
"As detailed in Saifedean Ammous’s “The Fiat Standard,” in November 1914 the British government “issued the first war bond, aiming to raise 350 million pounds from private investors at an interest rate of 4.1% and a maturity of ten years. Surprisingly, the bond issue was undersubscribed, and the British public purchased less than a third of the targeted sum. To avoid publicizing this failure, the Bank of England granted funds to its chief cashier and his deputy to purchase the bonds under their
Read_608 - Want to Stick it to the Elites? Use Bitcoin [Avik Roy]
"Aspiring Republican politicians and conservative opinionators love talking in darkened tones about the malevolence of elites. And yet, for all the fingers wagged and pixels rendered, conservatives have largely ignored the most economically significant way in which elites actually _have_ rigged the game in their favor. The widening gap between elites and the rest of us comes down in large part to the highly abnormal way in which the United States has defined money for the last 50 years." - Avik
Read_607 - Implications of Outlawing Bitcoin [Dergigi]
"If having 12 words in your head is illegal, something is terribly wrong with the law. If the police storm your building because you are finding or creating a random number in the privacy of your own home, something is terribly wrong with the police. If the peaceful exchange of messages is seen as dangerous or immoral by society, something is terribly wrong with society. If speaking or knowing numbers becomes a criminal act, I don’t want to be a law-abiding citizen in the first place." - Dergigi
Read_606 - Lightning is a Liquidity Network [Roy Sheinfeld]
"Only liquid, flowing capital generates a return. Unlike a bank account, capital on Lightning is productive when it is mobile, not at rest. That’s why flow is so essential. The more capital flows, the more liquid it is, the more incremental returns it generates." - Roy Sheinfeld
Roy Sheinfeld of Breez Technology does some of the best conceptualizing of the Lightning network, its direction, & its challenges. He brings us another article today attempting to reconceptualize Lightning around the pr
Read_605 - Bitcoin Behind the Veil [Craig Warmke]
"People tend to favor proposals that would benefit themselves and reject proposals that, at their own expense, would benefit others. If you were wealthy, you’d probably reject calls for higher taxes and more welfare programs. If you were poor, you’d probably call for higher taxes and more welfare programs. I don’t just mean that the currently wealthy tend to endorse proposals thought to benefit the wealthy and that the currently poor tend to endorse proposals thought to benefit the poor. I mean
Read_604 - I Was Wrong, We Need Crypto [David Hansson]
"Now what's that saying again. Just because you're paranoid doesn't mean they aren't after you. It's starting to smell like that. Just because Bitcoin's most virtuous argument was presented – in if not bad-faith then in fig-leaf-faith – by get-rich-quick boosters, doesn't mean it isn't true!
Enter the trucker protests in Canada. In just three weeks of honking, blocked streets and bridges, bouncy castles and flag waving, this peaceful protest movement managed to provoke the most shockingly author
Read_603 - If Russia Invites Bitcoin Adoption, The Global Arms Race Begins [Mike Hobart]
"The U.S. and its allies are now effectively backed into a series of corners. Can the U.S. attempt to ban Bitcoin and its transactions? It can try, but will fail. China has already tried to do so, multiple times, and the same goes for India. Not to mention, the U.S. now has a multitude of politicians advocating for Bitcoin adoption, like U.S. Senator Cynthia Lummis and state governors showing political support for the asset and network." - Mike Hobart
Bitcoin has suddenly and aggressively enter
Read_602 - Bitcoin's Peaceful Revolution, A New Hope for Humanity [Peter St Onge]
"By taking away their printing presses, Bitcoin stops the creeping totalitarianism that weaponizes our own blood, sweat and tears against us. It stops governments’ escalating ability to control all person-to-person exchange, their efforts to build a financial panopticon of Big Brother control. And, finally, by getting governments out of the business of manipulating money, Bitcoin brings us a world without permanent crisis, without the boom- bust business cycles, without the inflation that ravage
Read_601 - Bitcoin First [Fidelity]
“Bitcoin as a superior monetary good is more valuable than a better payment network . This leads us to another point as to why we believe bitcoin should be considered primarily as a monetary good rather than a payment network. The fact the market has shown a preference towards bitcoin, which is slower as a payment system compared to other digital assets and blockchains, signals the market currently values a highly secure and decentralized store of value rather than another payment network. As we
Read_600 - The Separation of Money and State [Allen Farrington]
"That is not to say that Bitcoin will lead us to a pacifist utopia in which any attempt at violence suffers metaphysical intervention by the spirit of Satoshi. That money can grant power is clear enough as there will always be a clearing price for violent thuggery. But what will distinguish a Bitcoin standard is that power will not grant money." - Allen Farrington
Today we dig into another great piece from The Bitcoin Times Ed 4. What are the characteristics of Bitcoin, that truly make the sepa
Chat #67 - Pioneer Species with Brandon Quittem
Today we have an incredible chat as a followup to the recent piece Read_596 - Bitcoin is a Pioneer Species. We have author Brandon Quittem joining us today to dive deeper into the concept he lays out in the article, further into the consequences of what it means for energy production, and ultimately, where our species is likely to spread out and inhabit on the planet with such a powerful new set of incentives.
You can either read or listen to the article at the links below, and don't forget to
Read_599 - Why Every Fixed Income Investor Should Consider Bitcoin - Part 3 & 4 [Greg Foss]
“And finally, given its asymmetric return distribution I believe It is more risky to have zero exposure to bitcoin than it is to have a 5% portfolio weight. If you are not long bitcoin, you are irresponsibly short. Don’t overthink this. Lower your time preference. Bitcoin is the purest form of monetary energy and is portfolio insurance for all fixed-income investors.” - Greg Foss
Concluding today with some insane bullishness on price evaluations & a model for Bitcoin attempting to account for i
Read_598 - Why Every Fixed Income Investor Should Consider Bitcoin - Part 1 & 2 [Greg Foss]
“General Motors, Ford, AT&T and GE have cumulative debt that is larger than the entire HY market. Downgrades of any one of these names likely imply a downgrade of the others. The forced selling would rock the HY market, which would start a domino effect and a negative feedback loop that would reach to all credit and equity markets globally. Pretty scary stuff. Follow inefficient investment guidelines, win stupid prizes.” - Greg Foss
Today we hit Parts 1 & 2 of Greg Foss’s incredible 4 part repo
Guy's Take #51 - AOPP & the Travel Rule
With Twitter up in arms about a potentially invasive privacy measure and compliance for an invasive regulatory requirement, it's time to break down exactly what is going on, and what we should or should not be concerned about. What is the Travel Rule, what is AOPP, and what should I do with my hardware wallets? That's what this episode is about. There will be no ads on this show as I just want to talk about this issue and share my own conclusions after digging into what the reality of this situa
Read_597 - The 7th Property Ch1 - The Dimensions of Money [Eric Yakes]
"What is money? Why is it used? Which type of money is best? And why?" - Eric Yakes
Today we are diving into the foundational chapter of Eric Yakes' book The 7th Property. What are the characteristics of money, and how can we use them to understand the security and comparative value of competing monetary goods?
The full book as well as the audiobook (by yours truly) can be found at amazon if you want to dig in further:
Paperback: https://www.amazon.com/7th-Property-Bitcoin-Monetary-Revolution
Read_596 - Bitcoin is a Pioneer Species [Brandon Quittem]
“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 Bitc
Read_595 - Money Messiah: Part 2 [John Vallis]
"Money, in the ideal (which we’ll likely always only ever strive for, and not achieve), turns a portion of ‘our work, here and now’, into a portion of ‘everyone’s work, anywhere and forever’." - John Vallis
Continuing the incredible piece from yesterday by John Vallis around how the human consciousness even creates value and meaning, and how deeply tied to that process and our ability to peacefully coexist is to the nature of our money. And through that lens, what is Bitcoin?
Check out the o
Read_594 - Money Messiah: Part 1 [John Vallis]
“Sacrifice is thus a critical component of value, as it is the use of one’s own limited resources, as that against which all action is measured and justified.” - John Vallis
Why does it always seem that the Bitcoin rabbit hole inevitably leads to the questions of "what is money" & "what is value?" How do we always find ourselves at such fundamental question when exploring Bitcoin? Today we dive into Vallis's "Money Messiah" on the very nature of value and meaning, how it relates to our religiou
Read_593 - Bitcoin Heading to $30k? [Nik Bhatia]
"This confluence of Fed hikes and investor naivety “presents the setup for a severe washout” as the “pernicious effects of rising interest rates on future cash flows will likely prompt speculators and investors at the margin to dump or severely reduce their crypto holdings.” - Nik Bhatia
We take a little break to discuss the crazy state of the markets right now, and how this could affect the Bitcoin price in the short term. Nik Bhatia summarizes the bearish warning from Arthur Hayes and digs in
Read_592 - First Impressions of Web3 [Moxie Marlinspike]
“The people at the end of the line who are flipping NFTs do not fundamentally care about distributed trust models or payment mechanics, but they care about where the money is.” - Moxie Marlinspike
As a follow up to the model and concept of web3 built on top of Bitcoin and Lightning, it seems prudent to have an exploration of web3 built on top of crypto. Moxie Marlinspike brings us an excellent piece with a bit of experimentation of his own to get at the core of what NFTs, Dapps, and the “Crypt
Chat #66 - Will the Real Web3 Please Stand Up, with John Carvalho
"Our goal is basically to realize this concept we have created called the atomic economy. This is just my way to create a narrative and mental model to represent hyperbitcoinization, or a future world where we actually broke free from having government regulations control the economy, having big tech control our data, and having big banks control our assets. If we actually ended up in that world, what would it actually look like?" - John Carvalho
Today we dive into an amazing conversation with
Guy's Take #50 - Lightning and the Web
In a follow up to the State of Lightning Report from Arcane Research and OpenNode, we dive into the possibilities for how Lightning will change the global market, the potential for truly on-demand services, streaming money, the access it could bring to billions with no banking, & why I think it will change how we interact with the web itself. Lightning is the beginnings of a new frontier and we take time in today's show to talk about where that frontier will take us.
Don't forget to check out t
Read_591 - The State of Lightning - Part 2
"What the Internet has done for information, Bitcoin and the Lightning Network will do for money. " - Elizabeth Stark
Finishing the amazing report from Arcane Research on the state of the lightning network and development ecosystem. Covering the development path, the major players in the space, and the nation states beginning to pay attention and their role in Bitcoin's future. Don't miss part 2 oif the State of Lightning report.
Check out the many graphics and data that helps show the compari
Read_590 - The State of Lightning - Part 1
“The Lightning Network, and the possibility to perform micropayments instantaneously, will most likely change how we pay for certain services. We already see the first steps, but the alternative to stream money will revolutionize many popular services in the future.“ - Arcane Research
Today we are diving into Part 1 of The State of Lightning Report from Arcane Research. What it is, its early life, how its evolved, the state and direction of development, what we are predict about its future, and
Read_589 - Proof of Stake & Stablecoins - Part 2 [Lyn Alden]
“Crypto exchanges with numerous coins have an incentive to get you excited about new coins, because they make money from trading volumes. Even if it’s just meme-coins like Doge or Shiba Inu with briefly-lived spikes, they want to get you in on the action, especially near the top of the spike when enthusiasm is high. Their financial incentive is for their users to hold a large number of coins, and trade those coins frequently, and are happy to highlight whatever coins happen to be popular at the
Read_588 - Proof of Stake & Stablecoins - Part 1: A Centralization Dilemma [Lyn Alden]
"If Bitcoin were built on a proof-of-stake model, where the more coins you have the more votes you have on how the network functions, the large exchanges and custodians could have used the millions of coins they held on behalf of clients to vote in their own favor. This is similar to how Vanguard and BlackRock hold trillions of dollars of indexed equity assets for their users and maintain the voting rights on those assets." - Lyn Alden
Man have we got a great one today! From Lyn Alden we have p
Read_587 - Bitcoin & The American West [Croesus]
"These pioneers are akin to the Bitcoiners who showed up post-Mt. Gox, through to the Class of 2020. These are the individuals who saw the promise and opportunity of Bitcoin and seized it, despite the dangers that mainstream society warned us of. In the same way that the Oregon Trail was fraught with perils, so too is the journey from precoiner to Bitcoin maximalism. A greenhorn in digital assets has to navigate the treacherous landscape of cryptocurrency information available online, fending of
Read_586 - Bitcoin & Tesla's Peaceful Energy Vision [Level39]
"If Bitcoin had existed in Tesla’s time, it would have removed the need for a corrupted monetary arrangement. Bitcoin mining is a permissionless and censor-resistant reward mechanism that incentivizes the cheapest and most reliable sources of energy. Tesla could have, hypothetically, self-funded his experimentation with mining rewards. The more successful and efficient his prototypes were, the more successful his mining would become, and the more funding he would secure to scale up his operation
Read_585 - Your Money AND Your Life [Edward Snowden]
"Neither is a Central Bank Digital Currency a State-level embrace of cryptocurrency—at least not of cryptocurrency as pretty much everyone in the world who uses it currently understands it.
Instead, a CBDC is something closer to being a perversion of cryptocurrency, or at least of the founding principles and protocols of cryptocurrency—a cryptofascist currency, an evil twin entered into the ledgers on Opposite Day, expressly designed to deny its users the basic ownership of their money and to in
Chat #65 - To Airgap, Or Not to Airgap? ...& Other Hardware Challenges with Lixin Liu & Douglas Bakkum
If you missed the awesome Twitter spaces we had with Lixin Liu from Keystone and Douglas Bakkum from Shift Crypto, you can't stop crying because we have it here on Bitcoin Audible for your listening pleasure. What are the security benefits or trade offs with airgapped hardware wallets, what are the general challenges of Bitcoin hardware security, and why and how do most people lose their Bitcoin and what can we do to fix it? All this and more in today's chat with some amazing minds building Bitc
Read_584 - Yes, Bitcoin is a Smart Contract Platform [Shinobi]
“'Smart contracts' as a term was coined by Nick Szabo back in 1996 before the idea of a blockchain was even a twinkling in Satoshi’s eye. They had nothing to do with DAOs, or decentralized exchanges or any of these types of constructs that people tend to think of when they hear the term.” - Shinobi
Throwing out the hype, the shitcoin buzzwords, the DAOs, and all the obscure claims about smart contracts on the various "crypto" platforms out there, and let's get down to the origins and true meani
Read_583 - Libertarianism & the Bitcoin Strategy [Stephan Livera]
"Even if we could somehow convince the world or the U.S. government to adopt a gold standard, there’s not really anything stopping them from claiming “it’s an emergency” and that we need to drop the gold standard and “temporarily” close the gold window. In this way, Bitcoin provides stronger assurances about our money than gold ever could.” - Stephan Livera
Is libertarianism without Bitcoin a lost cause? How does Bitcoin change the game in the fight for sustainable liberty, and what is the argu
Read_582 - The World Bitcoin Will Build [Cory Klippsten]
“Money appreciates in value over time so that individuals can plan their future knowing their wealth will be protected. This leads to market participants’ time horizons lengthening, creating more investment, more entrepreneurship, more productivity and increased living standards.
This boom in entrepreneurship is what ultimately drives humanity forward.” - Cory Klippsten
Bitcoin is going to change things. If we fix the money, we fix the world. But if we can truly pull this off, what does that fu
Read_581 - The Vaccine Moment, Part 1 [Paul Kingsnorth]
“Often, in an argument, what people think they are arguing about is not the real subject of disagreement, which is deeper and often unspoken, if it is even understood. So it is here. The divisions that have opened up in society about the covid vaccines are not really about the covid vaccines at all: they are about what vaccination symbolizes in this moment. What it means to be 'vaxxed' or 'unvaxxed', safe or dangerous, clean or dirty, sensible or irresponsible, compliant or independent: these ar
Read_580 - Bitcoin and Crypto Aren't the Same [Nik Bhatia]
“If price is truth, then a market capitalization of over $1 billion for over 100 different cryptocurrencies tells a story: we live in a multicoin world. But does that mean that bitcoin has competitors on its path to world reserve currency? No.” - Nik Bhatia
“Which crypto should I buy?” I’m sure you’ve heard it a thousand times if you’ve been in this space for even a few months. Are Bitcoin and crypto really in the same space, fighting for the same markets? Or is there a more fundamental differe
Read_579 - Our Best Shot at Liberty [Dr. Wolf Von Laer]
"The Bitcoin network itself and the personal owning of bitcoin is an act of peaceful rebellion against the fiat money system." - Dr. Wolf Von Laer
There are a million different ways to discuss the benefits and attributes of Bitcoin, how it will influence the world, how it will change economic calculation. But what is most important for us and our hopes for the future, is the freedom it enables. And this isn't in some esoteric, vague sense, but in a real sense, for both the collective, and the i
Read_578 - The Irrelevance of Experts [Willem Van Den Bergh]
“as the internet has slowly but surely eroded the obstacle of restricted information access in the past decades, the limiting factor for an individual to make intellectual progress merely shifted from an accessibility problem to a filtering problem (filtering the information that is relevant from the information that is not).” - Willem Van Den Bergh
Another excellent piece from Willem on the core issue of information flow in the modern age. What is the difference between systemic versus regiona
Read_577 - The End of Super Imperialism [Alex Gladstein]
"Hudson’s thesis was that America had forced other countries to pay for its wars regardless of whether they wanted to or not. Like a tribute system, but enforced without military occupation. “This was,” he writes, “something never before accomplished by any nation in history.” - Alex Gladstein
Another banger from Gladstein this week that follows Michael Hudson's work, Super Imperialism from the 1970s, critiquing and laying out the framework of power resulting from a global reserve system backed
Chat #64 - Greg Foss & Preston Pysh on Bitcoin & the Bond Blowup
Today we have an incredible conversation with Preston Pysh and Greg Foss on the Bond markets, the shifting sands of the global financial world, and the incredible impact that Bitcoin will have on our future direction and the outcome of these crazy times. You don’t want to miss this one guys, so dive right in.
Don’t forget to check out Preston and Greg on twitter if you haven’t. They are must follows in this space, all signal:
https://twitter.com/FossGregfoss
https://twitter.com/PrestonPysh
For
Read_576 - Bitcoin Changes Our Perception of Money [Mike Hobart]
"The passage of time is one thing that we can never get back. Once it has been spent, there’s no refund. Time is the ultimate currency, forever passing without the ability to return to a prior moment: ever passing, ever spent, ultimately and unequivocally finite." - Mike Hobart
The mainstream ignorance of money is ubiquitous. But Bitcoin forces one to rethink everything they thought they knew. By Making a pure, independent monetary medium, we are forced to question all the fallacies and loosely
Read_575 - Wonder if Bitcoin is Alien Technology? [Tomer Strolight]
“I wish people engineered things to be self-replicating, self adjusting, self-governing, and ever-lasting. But nobody has engineered anything to do even one of these, and then along comes Bitcoin and does them all” - Tomer Strolight
Bitcoin isn't merely a new innovation in the world of tech, its a wholly unique system that behaves so differently from everything today, the social, the engineering, and the organic systems that we are accustomed to, that one could easily find themselves wondering
Read_574 - Lightning & The Internet - Choosing the Right Path [Roy Sheinfeld]
"We’re revolutionaries. There’s no reason to be coy about it. Our goal is to replace fiat with bitcoin. “Disruption” is almost a quaint term for a change of the magnitude we’re bringing about. We’re taking power from institutions and transferring it to individuals by giving them control of the value they generate in their lives.” - Roy Sheinfeld
We are at a crossroads and Lightning has an extremely difficult and important task. Do we go with the Lightning expansionists, using this decentralized
Read_573 - Why You Cant Have a PPE Curriculum Without Bitcoin [Hass McCook]
“Freedom, transparency, honesty, meritocracy, fairness, voluntaryism and hard work are great things one should strive toward, whether it is in developing money or living life and setting a good example for others.”
- Hass McCook
Today we dive into another great piece from Hass on the show, posted with Bitcoin Magazine on the broad disciplines around the Bitcoin technology. And how deeply tied it is to the understanding and study of social phenomena. How could one pretend to understand the socia
Read_572 - Bitcoin & the US Fiscal Reckoning [Avik Roy]
"It is understandably difficult for most of us to imagine a monetary world aside from the one in which we've lived for generations. After all, the U.S. dollar has served as the world's leading reserve currency since 1919, when Britain was forced off the gold standard. There are only a handful of people living who might recall what the world was like before then.
Nevertheless, change is coming." - Avik Roy
The fiscal promiscuity of the United States is reaching its end. The bill for the 50 yea
Read_571 - The Quest For Digital Cash [Alex Gladstein]
"The fight that the cypherpunks mounted was one of the main reasons that the U.S. government lost the Crypto Wars. The authorities tried to stop the code and failed.
This realization would loom large in Back’s mind 15 years later, in the summer of 2008, as he worked through that first email from Nakamoto." - Alex Gladstein
Today we are reading an incredible article about the decades long quest of the cypherpunks, and the enormous contributions from Adam Back in that journey, to create digital c
Chat #63 - Hashing it Out with Harry Sudock
"Nodes are the law, and miners are the muscle."
- Harry Sudock
Harry Sudock, Vice President of Strategy at Griid, and I have a chat about the challenges of energy production, grid capacity, and the energy infrastructure and how so many can be addressed by the incredible opportunity of Bitcoin mining. How and why are energy production and the Bitcoin network merging together, and what does this mean for the future?
Don't forget to check out Harry on twitter, and explore the other shows he has
Read_570 - Unpacking the Great Hashrate Migration [Nic Carter]
"The precise magnitude and schedule for the westward move is currently unknown, but all signals seem to be indicating the greatest shakeup in the geographic makeup of bitcoin mining since the start of the industrial mining era.” - Nic Carter
Today we cover an article about the largest shift in mining infrastructure the Bitcoin network has ever seen. What does it mean for Bitcoin, for the Us, and for China, and what might be the reasons for this blanket move by the CCP? Find out in today's read
Read_569 - Calculating the Intrinsic Value of Bitcoin [Greg Foss]
"Wake up people, this is not a drill. Contagion risks are increasing due to potential global stagflation... The intrinsic value of BTC has increased from the beginning of this year when I originally calculated the value to be over $150,000 per coin." - Greg Foss
If we removed the global payments network, we removed the hardest monetary unit in the world, we took out the programmability, and wanted to focus entirely on a key value proposition of Bitcoin - that it is a money external to the fiat
Read_568 - The Rich Get Richer, The Poor Get Bitcoin [Bradley Rettler]
“Using Bitcoin can level the playing field for the world’s poor as we work toward economic justice.”
- Bradley Rettler
Author Bradley Rettler returns in today’s read with a concise piece on the nature of our systemic problems of economic inequality, their unjust cause, and why Bitcoin is the key to leveling the playing field.
Check out the original article at the link below:
https://iai.tv/articles/the-rich-get-richer-the-poor-get-bitcoin-auid-1766
And for Rettler's other work in audio on the
Read_567 - Revenge of the Nodes - Part 2 - 21st Century Autonomy [Aaron Segal]
"Not only is the world experiencing greater dispersion of outcomes, it is also changing at an increasingly faster pace. Raw data is pouring torrentially down upon us, overwhelming our neural capacity more each day. We are confused, overwhelmed and looking for anchors, answers, and authority.” - Aaron Segal
Continuing with Part 2 of yesterday's amazing Bitcoin Magazine piece on the major trends of today, the inevitably of the race to zero volatility, the incentives that will lead to infinite fra
Read_566 - Revenge of the Nodes - Part 1 - 20th Century Authoritarianism... [Aaron Segal]
"The individual investor is professionalizing at the end of one of the biggest, most Homeric blow-out parties of all time. Forgive the cliched baseball metaphor, but this is like a player being called up from the minor leagues right before the off-season, after a seven-game dramatic World Series finale." - Aaron Segal
An incredible piece today from Bitcoin Magazine on the major trends of today, the growing and centralization of all markets, and the fall of freed markets to the 20th century inst
Only the Strong Survive - Full Audio
"In this piece we discuss our concerns around the broader “crypto” space beyond Bitcoin. Our arguments revolve around three primary themes: Philosophical, Technical, and Economic. From a philosophical perspective, we discuss the core properties that make Bitcoin work and that make it unique, in our view. From a technical perspective, we evaluate how these properties are lacking to a greater or lesser extent in alternative “cryptoassets,” having been designed out again on questionable philosophic
Read_565 - Isaiah's Job [Albert Jay Nock]
"The line of differentiation between the masses and the Remnant is set invariably by quality, not by circumstance. The Remnant are those who by force of intellect are able to apprehend these principles, and by force of character are able, at least measurably, to cleave to them. The masses are those who are unable to do either." - Albert Jay Nock
Today we read an incredible piece posted in the Atlantic Monthly nearly a century ago, in 1936. Libertarian author Albert Jay Nock explains the nature
Read_564 - Only the Strong Survive - Part 3 [Allen Farrington & Big Al]
“As Gall’s Law suggests, we believe the general principle favoring Bitcoin’s layered architecture is not one of software engineering so much as engineering entirely in general, yet as elegantly applied to software.” - Only the Strong Survive
Listen to Part 1 if you haven't yet! https://traffic.megaphone.fm/CSN7556187630.mp3?updated=1632359979
Part 2 https://traffic.megaphone.fm/CSN8589484720.mp3?updated=1632533362
Completing our journey through the incredible piece from Allen Farrington & Big
Read_563 - Only the Strong Survive - Part 2 [Allen Farrington & Big Al]
"Lyn Alden captured this well in her excellent piece, An Economic Analysis of Ethereum, which we highly recommend in addition to our own. Similarly observing that there does seem to be a lot of “financial” activity on Ethereum, specifically: it’s what you would build if you were trying to replicate finance just by looking at it but not really understanding what the point of it all was"
Listen to Part 1 if you haven't yet! https://traffic.megaphone.fm/CSN7556187630.mp3?updated=1632359979
Today
Read_562 - Only the Strong Survive - Part 1 [Allen Farrington & Big Al]
"The consensus is what matters. The breakthrough of proof-of-work and the difficulty adjustment is far more about harnessing energy and existing communications infrastructure to calibrate incentives than it has to do with computation. Computation is a tool that makes the process more efficient and reliable, but Bitcoin is not itself a 'computer.'"
We start our dive into the incredible piece from Allen Farrington & Big Al, on the complete philosophical, technical, & social case for the uncertain
Read_561 - The Village and the Strongman [Alex Gladstein]
“Sandwiched between Guatemala and Honduras, El Salvador — the smallest and most densely populated country in Central America, with an average GDP per capita of around $3,500 — is a most unlikely ground zero for a financial revolution.” - Alex Gladstein
Gladstein is back with the full story of Bitcoin and El Salvador. What it's like on the ground, the people it all started with, the responsibility we have as a community, & the history that gives much needed perspective to the actions of the poli
Read_560 - The Schumpeterian Bitcoin Cycle [Prateek Goorha]
"Schumpeter would have loved Bitcoin. He would have seen in Bitcoin a living representation of his theory of capitalism, so often quoted but rarely understood. Creative destruction is the process by which capitalism continually rejuvenates itself. It is what drives markets forwards, constantly being refreshed with new ideas that destroy extant structures and erect better ones in their stead.” - Prateek Goorha & Andy Edstrom
Today we are digging into the evolution of the economy and the cycles o
Read_559 - The Dollar Burden & Why the US Will Adopt Bitcoin [Ansel Lindner]
"we often hear the U.S. dollar called an “exorbitant privilege.” Namely, that the U.S. benefits disproportionately from the dollar’s reserve currency status. This article will detail why the current financial system has, in fact, been a burden on the United States, why the fiat dollar system is ending and what that means for the future of Bitcoin." - Ansel Lindner
What if the dollar fiat reserve system isn't actually a great privilege, but is actually a burden that wears on the US success and g
Read_558 - Why Bitcoin, The Full Series Audiobook [Tomer Strolight]
"For those with the curiosity to look, Bitcoin has emerged as a vast and mysterious space to explore, with treasures, dangers and untold potential. And similar to the Statue of Liberty’s beautiful but no longer true invitation, bitcoin beckons those who are tired, poor and yearning to breathe free to enter its realm and bask in the light of its gifts." - Tomer Strolight
Why choose Bitcoin? Why Bitcoin is the new frontier. Why and how Bitcoin uses energy. Why everything that should hurt Bitcoin,
Read_557 - The Stairway to Omnipresence [DerGigi]
"the fact that bitcoin is now legal tender in a country is absolutely astonishing. Yesterday, some nerds discovered a system that allows magic internet money to emerge by sending messages back and forth. Today, a country decided to adopt this system as their currency" - DerGigi
Today we cover an excellent little piece from DerGigi that takes a step back and puts the news of legal tender in El Salvador into perspective. This isn't just another bullet point, this is a key step in the realization
Read_556 - Bitcoin Has Already Won [Akarsh Nalawade]
"There has never been a more secure, scarce, valuable, transportable, decentralized and networked asset in all of humanity’s history. It’s more mobile than gold. It appreciates faster than property. It’s supply is fixed unlike stocks and bonds. It’s payment network is faster and cheaper than Visa’s" - Akarsh Nalawade
With Lightning exploding on the scene and becoming the default means of interaction with the Bitcoin system, legal tender going live in El Salvador, the massive hash rate migration
Shitcoin Insider #006 - Proof of What?
Proof of stake, versus proof of work. Isn’t POW super wasteful, while POS is the cost free alternative that obviously is as equally secure? Are we throwing hashes into the wind for no reason, or is there something fundamentally wrong with this comparison? Find out in Episode #6 of Shitcoin Insider.
Subscribe to the show, don't forget to check out Bitcoin Audible for tons of other deep dives into the nature of Bitcoin and Proof of work vs Proof of Stake, and check us out on Twitter here. (Link: h
Read_555 - The Bitcoin Energy Debate & the Gold Resource Cost Debate [Nic Carter]
"Long before we had the Bitcoin energy debate, we had the gold resource cost debate. The contours were similar: the costs associated with gold refining and extraction were a waste; they were too great relative to a mere fiat standard in which notes could be printed for virtually nothing." - Nic Carter
Great piece today from Nic Carter published on Bitcoin Magazine. The energy cost debate of Bitcoin might not be quite what it seems to be. And we can take a lesson from history by understanding th
Read_554 - Finding Financial Freedom in Afghanistan [Alex Gladstein]
“Farzan and her family traveled by foot, car and train thousands of miles through Iran and Turkey, finally making it to Germany in 2017. Along the way, dishonest middlemen and common thieves stole everything they brought with them, including their jewelry and cash. At one point, their boat crashed, and more belongings sank to the bottom of the Mediterranean. It’s a tragic story familiar to so many refugees. But in this case, something was different. Through it all, Farzan was able to keep her bi
Chat #62 - Dave Smith & Part of the Solution
Dave Smith has finally done a Bitcoin episode! For those of you who missed this, I am making it available on my own feed and for those of you who do not know Dave Smith, he has the best podcast on libertarianism out there. It is absolutely one to check out if you haven't yet. Check out the links below to watch this episode on youtube, or explore the other great content on Part of the Problem.
Part of the Problem with Dave Smith:
https://www.youtube.com/watch?v=ZAqs3DOXqCc
https://podcasts.appl
Read_553 - Bitcoin's "Naive" Monetary Policy [Natasha Che]
"Bitcoin fails as a money b/c of its naive monetary policy. Many people think government printing too much is evil, so a fixed money supply must be good. The reality: a money that cannot expand would crush the economy and put us all in poverty. Here’s why and how to fix it." - Natasha Che
Today we have a fun one to go through. A twitter thread by Natasha Che who was eager to explain why Bitcoin's monetary policy would ultimately lead to economic destitution and poverty. A prime example of "I'v
Read_552 - Inside Cuba's Bitcoin Revolution [Alex Gladstein]
“This technology goes around blockades and government restrictions, it allows you to move value without trusting anyone, it connects you to the world, and it allows you to empower yourself and do things that are otherwise impossible,” he said. “It has created hope for those who want change.”
Today Alex Gladstein takes us on another Bitcoin journey around the world, this time to Cuba. A communist regime where dissent is illegal, where 70% of the value of the currency is stolen by the government
Read_551 - I Tried Hacking Bitcoin, and I Failed [Dan Kaminsky]
"By all extant metrics in security system review, this system should have failed instantaneously, at every possible layer.
And, to be fair, it has failed at other layers – BitCoin thefts have occurred, in the meta-code that surrounds the core technology itself.
But the core technology actually works, and has continued to work, to a degree not everyone predicted. Time to enjoy being wrong. What the heck is going on here?" - Dan Kaminsky
Today we read an excellent blast from the past by legend D
Read_550 - Bitcoin's Energy Use isn't a Problem, Here's Why [Lyn Alden]
"And it’s easier to sensationalize things for pageviews or political gain. For example, it’s commonly said that the Bitcoin network uses more energy than some countries. That’s true, but then so does Google, Youtube, Netflix, Facebook, Amazon, the cruise industry, Christmas lights, household drying machines, private jets, the zinc industry, and basically any other sizable platform or industry. From that list, Bitcoin’s energy usage is the closest to that of the cruise industry’s energy usag
Guy's Take #49 - Backed by Truth
"Bitcoin is a network, a money, a language, a system of rules, & a clock. Bitcoin is backed by Truth"
- Guy Swann
Links to other works mentioned in the show today for further digging and study of these concepts in detail. Plus a really funny clip on the ridiculousness of the English language:
Dergigi's "Bitcoin is Time"
https://bitcoinaudible.com/bitcoin-is-time/
Gallagher on the English Language:
https://www.youtube.com/watch?v=Mfz3kFNVopk
Shelling Out: The Origins of Money:
https://bitcoinau
Read_549 - Fiat Lux: The Origins of Modern Money [HeavilyArmedClown]
The word “fiat” is growing more aggrandized in the modern lexicon, however, despite its increasing popularity it is often ill defined or misused. I regularly observe people falsely call Bitcoin a fiat currency. This is thanks, not least of all, to the layman’s poor grasp of history and money. Fiat is of Latin origin, meaning authoritative sanction; a decree, command or order. Fiat does not mean “backed by nothing” or “redeemable for nothing” or “pegged to nothing.” - HAC
A walk through the histo
Read_548 - This is Not a Drill! [Jake Chervinsky]
"Here's the deal with the US infrastructure bill: A new provision has been added that expands the Tax Code's definition of "broker" to capture nearly everyone in crypto, including non-custodial actors like miners, forcing them all to KYC users.
This is not a drill" - Jake Chervinsky
The government is trying to sneak in an incredibly arduous and expansive redefinition of the tax code that could be interpreted as so broad to essentially encompass every computer and piece of software running in th
Read_547 - Scaling Lightning: To El Zonte... and Beyond! [Roy Sheinfeld]
"Many tellings of El Salvador’s story have largely overlooked and understated the role of the Lightning Network. But make no mistake: any country could have adopted bitcoin five or eight years ago. The base layer hasn’t changed much. The new ingredient, the innovation that has made this possible and is opening up all kinds of possibilities for the future, is Lightning.” - Roy Sheinfeld
Today we dive back into Lightning in another excellent article from Breez Tech founder Roy Sheinfeld exploring
Read_546 - Could Bitcoin Be Palestine's Currency of Freedom? [Alex Gladstein]
“Independence is financial,” Abukhdeir told me. “If we don’t have financial freedom, nothing is going to change.” - Alex Gladstein
Another brilliant addition to the Gladstein series from Bitcoin Magazine. Gladstein has been investigating Bitcoin's benefits for people all over the globe, those in the first world, the third, connected to the modern banking system, the entirely unbanked, those stuck under oppressive regimes, monetary colonialization, & behind walls of political tyranny. Today he t
Read_545 - The Ultimate Guide to Inflation [Lyn Alden]
A great piece today detailing out the different kinds, the nuances & the long history of inflation. What misconceptions do we still have about inflation? What are the major correlating factors? And what can we do to protect ourselves in different environments? All this and more in another of Lyn Alden's incredible pieces from her investment newsletter.
The Ultimate Guide to Inflation:
https://www.lynalden.com/inflation/#investing
Check out tons of other great works & discussion at BitcoinAudib
Read_544 - Another Way to Think About Bitcoin's Value [Bradley Rettler]
"Owning bitcoin is often put in contrast to owning stock in a company that produces a good or service. In virtue of the company producing a good or service and receiving money for the good or service, stock in that company is said to have intrinsic value. Methods of calculation of the intrinsic value of a stock usually involve calculating the value of the assets the company has and/or the expected future earnings. Bitcoin is not a company and produces no goods or services — so it lacks intrinsic
Read_543 - There Never Was a Real Tulip Fever [Smithsonian Magazine]
"For decades, economists have pointed to 17th-century tulipmania as a warning about the perils of the free market. Writers and historians have reveled in the absurdity of the event. The incident even provides the backdrop for the new film Tulip Fever, based on a novel of the same name by Deborah Moggach.
The only problem: none of these stories are true." - Lorraine Boissoneault
What if every single time Bitcoin critics derided the Bitcoin phenomenon as nothing but market madness, a mirror of th
Read_542 - Sidechains for Scaling, Thunder Network [Paul Sztorc]
"Bitcoin (BTC, the currency) in its current form can scale – enough to process every txn in the world! It just needs the right combination of layer2s." - Paul Sztorc
What would it look like if we could use sidechains today to scale Bitcoin to the worldwide payments capacity? Paul Sztorc, proponent and developer for Drivechains & BIP300 to bring this model to the Bitcoin ecosystem, lays out his vision for a future with the Thunder Network; sidechains with heavier data throughput to bridge to act
Read_541 - A Treatise on Altcoins [Andrew Poelstra]
"Of course, “developing your own cryptosystem” is the purview of only cranks and researchers, so it was reasonably assumed that none of these “altcoins”, as they were called, could ever be plausibly presented for public use.
Boy, were we ever wrong on that one" - Andrew Poelstra
How did we find ourselves in an environment where people copy/paste "crypto tokens" on a daily basis, and foundational cryptographic infrastructure is tossed around like casino chips? Prior to the days of Bitcoin, no o
Read_540 - Bitcoin & the American Idea [Alex Gladstein]
"Perhaps Bitcoin can help Americans reflect on our history and remember that our true glory, in Adams’s words, is “not dominion, but liberty,” and that our true march is “of the mind” and not the sword." - Alex Galdstein
Happy Independence Day fellow Audionauts! This is the day to celebrate the American experiment and the ideals which it sought to achieve. An ideal of "all men created equal," individual liberties, freedom of speech, freedom of religion, and so many more revolutionary principles
Chat #61 - Libertarians & Bitcoiners Sitting in a Tree...
We had an awesome discussion on Twitter spaces, getting some major Bitcoiners and Libertarians together to talk about the tools available to us in the endless fight for liberty, & why Bitcoin should be at the center of it all. Hope you guys enjoy this discussion as much as I did, and sorry for the minor audio hiccups and lack of censoring. As an open discussion there is some language so don't have your kids around if you don't want them to hear.
Thanks to @BranchFloridian for putting this toget
Read_539 - The Theological Conquest of Money [Erik Cason]
"Bitcoin over the last ten years has create a single global movement that is loyal to no nation-state, no government, no military anywhere on the planet; but towards an ethics of a commonality of wealth. Through the radical protection cryptography offers to this new form of property found within bitcoin, the bonds of a new commonwealth have been formed." - Erik Cason
Another great piece from cypherpunk extraordinaire, Erik Cason. On the theological idea of money, the manifestation & understandi
Guy's Take #48 - But Hoarding Money Destroys the Economy!...
We've all heard the criticism, sound money can't work because people will simply "hoard it." Obviously, per the Keynesians' demands, it is critical that we incentivize consumption and investment or the economy will fall into chaos and poverty. But how sound is this idea really? Does a money that keeps its value and isn't debased REALLY destroy the economy? What if this statement is simply.... wrong?
All this and more in today's Guy's Take to break down the concepts of natural deflation, its dif
Read_537 - Bitcoin is An Idea [DerGigi]
"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 o
Read_538 - Fighting Monetary Colonialism with Open Source Code [Alex Gladstein]
"Monetary repression continues to be hidden, and not spoken of in polite circles. The reality today for the 182 million people living in CFA nations is that while they may be politically independent in name, their economies and money are still under colonial rule, and foreign powers still abuse and prolong that relationship to squeeze and exploit as much value from their societies and geographies as possible." - Alex Gladstein
Another tour de force from Gladstein, this time breaking down the di
Read_538 - Fighting Monetary Colonialism with Open Source Code [Alex Gladstein]
"Monetary repression continues to be hidden, and not spoken of in polite circles. The reality today for the 182 million people living in CFA nations is that while they may be politically independent in name, their economies and money are still under colonial rule, and foreign powers still abuse and prolong that relationship to squeeze and exploit as much value from their societies and geographies as possible." - Alex Gladstein
Another tour de force from Gladstein, this time breaking down the di
Read_537 - Bitcoin is An Idea [DerGigi]
"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 o
Read_536 - Bitcoin Information Theory B.I.T [Aaron Segal]
"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
Read_536 - Bitcoin Information Theory B.I.T [Aaron Segal]
"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 SegalFrom 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
Read_535 - Analyzing Bitcoin's Network Effect [Lyn Alden]
"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
Read_535 - Analyzing Bitcoin's Network Effect [Lyn Alden]
"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 AldenAnother 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 insti
Read_534 - Bitcoin Mining & the Case for More Energy [Caulfield & Lindstrom]
“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
Read_533 - Guy's Take on the "Why Bitcoin Series, Part 1"
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
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Read_533 - Why Bitcoin, The Series - Part 1 [Tomer Strolight]
"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. D
Bitcoin Law - The El Salvador Legal Tender Bill
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.
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Guy's Take #47 - Legal Tender... And So It Begins
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
Read_532 - The Humanitarian & Environmental Case for Bitcoin [Alex Gladstein]
"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
Read_531 - Why Anthropologists are More Interested in Bitcoin than Economists [Mick Morucci]
“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
Read_530 - Privacy, Fungibility, Anonymity [nopara73]
“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 oth
Read_529 - PART 2: The Inflation/Deflation Debate [Lyn Alden]
"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
Read_529 - QE, MMT, Inflation & Deflation - Part 1 [Lyn Alden]
"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 o
Read_529 - Orange is the New Green [Knut Svanholm]
"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
Guy's Take #46 - Bitcoin is Dead... Again
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
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Read_528 - Bitcoin is a Trojan Horse for Freedom [Alex Gladstein]
“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 g
Read_527 - Why Layer 2 & Sidechains Will Do All the Things!! [cAPSLOCK]
“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 ont
Read_526 - Check Your Financial Privilege [Alex Gladstein]
"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 bub
Read_525 - One Does Not Simply Censor Bitcoin [Grubles]
"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 ahea
Read_524 - The 7 Primal Elements of Bitcoin [Paulo Sacramento]
“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 wh
Guy's Take #45 - A Mental Framework for Scaling
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 t
Read_523 - Fiat, Fascism, & Communism [Aleks Svetski]
"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
Read_522 - The Hidden Costs of the Petrodollar System [Alex Gladstein]
"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-c
Read_521 - You Are Not Prepared [Knut Svanholm]
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 t
Read_520 - The Last Days of Satoshi [Pete Rizzo]
"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 a
Read_519 - The Key to an Abundant, Clean Energy Future [Square & ARKinvest]
"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 ha
Read_518 - Two Taproot Activation Clients! [Aaron Van Wirdum]
"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, wh
Read_517 - Len Sassaman & Satoshi, A Cypherpunk History [Evan h]
"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
Chat #60 - Strong Foundations in an Unstable Era, with Cory Tucek
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 fro
Read_516 - Conclusion of the Long-Term Debt Cycle [Dylan Leclair]
"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
Read_515 - Utopian Dystopias [Alek Svetski]
"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 h
Read_514 - The Responsibility of Adopting Bitcoin [DerGigi]
"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.
Guy's Take #44 - Bitcoin is Not What you Think it is
• 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.co
Read_513 - Noahbjectivity on Bitcoin Mining [Nic Carter]
"...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 respon
Chat #59 - Skin in the Lightning Game with ZeBeDee Founder
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:
Read_512 - Why The Yuppie Elite Dismiss Bitcoin [Croesus]
"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
Read_511 - Debunking the Empty Block Attack [Jimmy Song]
"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
Read_510 - Bitcoin Will Save Our Earth [Evan Bayless]
"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
Read_509 - Fidelity: Addressing Persisting Bitcoin Criticisms [Ria Bhutoria]
"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 clearl
Read_508 - Sovereignism Part 1 - Digital Creative Destruction [Robert Breedlove]
"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 dyna
Read_507 - Trust, That we Need More of [Karo Zarogus]
“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 pro
Read_506 - Pumping Iron [Arthur Hayes]
“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
Shitcoin Insider #005 - Why Your Altcoin is Worthless - The Clubhouse Debate
Back from the dead! Shitcoin Insider returns with a lengthy discussion of money, networks, altcoins, their merits, the lack of, & everything else in a marathon discussion on Clubhouse. Don't forget to subscribe, drop your criticisms, questions, & insults to the @ShitcoinInsider Twitter handle. And in the meantime, enjoy Episode #005.
Host Links
Guy on Nostr (Link: http://tinyurl.com/2xc96ney)
Guy on X (Link: https://twitter.com/theguyswann)
Guy on Instagram (Link: https://www.instagram.co
Read_505 - The Separation of Money & State [Knut Svanholm]
"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 & limitati
Chat #58 - Preston Pysh on Monetary Revolutions
"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
Guy's Take #43 - The Sound of Inevitability
• 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
Read_504 - SeeTee Shareholder Letter [Kjell Inge Røkke]
"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, &
Read_503 - Bitcoin is Time [DerGigi]
“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 payment
Read_502 - LOT true or false? The Last Hurdle for Taproot [Aaron Van Wirdum]
"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. Tapr
Read_501 - The Capital Strip Mine [Allen Farrington]
"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 sustai
Read_500 - Decentralization, Why Dumb Networks are Better [Andreas Antonopolous]
"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 amaz
Read_499 - The Bitcoin Black Hole Effect [William Clemente]
"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 positio
Read_498 - Can Governments Stop Bitcoin? [Alex Gladstein]
"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 the
Chat #57 - Bitcoin History with Peter Todd, Brady Swenson, & Guy Swann on Swan Signal Live
"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
Read_497 - Bitcoin is Venice [Allen Farrington]
"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 Fa
Read_496 - Stocks Don’t Truly Discover Price, Bitcoin Fixes This [Casey]
“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
Read_495 - An Economic Analysis of Ethereum [Lyn Alden]
“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
Read_494 - Lightning Economics: Learning to Love Inbound Liquidity [Roy Sheinfeld]
"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 Sheinfe
Read_493 - Asset DNA, Explaining Bitcoin's Speculative Attack [Croesus]
"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 tha
Guy's Take #42 - Bitcoin's Second Chapter Begins
"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
Read_492 - What I Really Think of Bitcoin [Ray Dalio]
"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 be
Read_491 - Bitcoin Astronomy - The Second Law [Dhruv Bansal]
"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? Yo
Reboot - Bitcoin Astronomy #1 [Dhruv Bansal]
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 t
Read_490 - How this Bull Run is Different [Abhay Aluri]
"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 gr
Guy's Take #41 - Gamestop is the Battle, Bitcoin is the War
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
Read_489 - The Cantillon Effect 2.0 - Bitcoin is the First Truly Fair Money [CK_snarks & Deniz Saat]
“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 equali
Chat #56 - DLCs, PTLCs, the Oracle Problem & More with SuredBits' Nadav
"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 incre
Guy’s Take #40 - Double Spends & Wittgenstein’s Money
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’
Read_488 - Wittgenstein's Money [Allen]
"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
Read_487 - Winning Hearts & Minds for Bitcoin [Andy Edstrom & Peter McCormack]
"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 ano
Read_486 - The Moral Case for Bitcoin [Jimmy Song]
“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 t
Read_485 - Why Bitcoin Is Not a Ponzi Scheme [Lyn Alden]
“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
Read_484 - Bitcoin & the Printing Press [Anil]
“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 val
Chat #55 - Knut Svanholm & Andy Edstrom on Writing, Feedback Loops, & Bitcoin Haters in 2021
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 e
Read_483 - Bitcoin & the Hopf Cycle of the Internet [Giacomo Zucco]
“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
Read_482 - The Stone Ridge Letter [Ross Stevens]
"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 don
Read_481 - Bitcoin's Killer App, Skin in the Game [Simon Cowell]
"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
Chat #54 - Part 2 of WTF is Bitcoin Anyway? With Jim & Hari
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
A Huge Thank You to the Bitcoin Audible Sponsors:
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Read_480 - The Greatest Game, Part 2 [Jeff Booth]
“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
Read_479 - The Greatest Game, Part 1 [Jeff Booth]
“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 c
FEATURING Shitcoin Insider #4 - The Ripple Effect
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 wi
Shitcoin Insider #004 - The Ripple Effect
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 ye
Read_478 - Bullish on Bitcoiners [John Vallis]
"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 perspectiv
Guy's Take #39 - Bitcoin is the Pin
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 Knowled
Read_477 - Bitcoin is the Great Definancialization [Parker Lewis]
"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
Read_476 - The Legend of Prometheus [Aleks Svetski]
"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, & Ji
Chat #54 - WTF is Bitcoin Anyway? With Jim & Hari
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
Happy HODL Day!
“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/
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Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message
Read_475 - The Sovereign Company Thesis [Christian Keroles]
“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
Read_474 - The Fraying of the Petrodollar System - Part 2 [Lyn Alden]
"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
Read_473 - The Fraying of the Petrodollar System - Part 1 [Lyn Alden]
"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 envir
Guy's Take #38 - An Unstoppable Force
"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:
Hexa Wa
Read_472 - The Fiat Standard - Chapter 1 [Saifedean Ammous]
"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
Read_471 - The Speculative Attack [Pierre Rochard]
"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 e
Read_470 - Why Does Bitcoin Have Value? [Jeffrey Tucker]
“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, Bitcoi
Read_469 - The Untold Story of the First Bitcoin War [Wirdum & Rizzo]
"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,
Read_468 - Bitcoin is Hope [Robert Breedlove]
“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 reali
Read_467 - Bitcoin Doesn't Rely on Utilities [Rollo McFloogle]
"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 th
Chat #53 - Bitcoin Security in the Age of Surveillance with Douglas Bakkum
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
Read_466 - A Note on Bitcoin [James O'Beirne]
"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 sa
Read_465 - All the Bullish Cases for Bitcoin [Brandon Quittem]
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 thi
Chat #52 - The Great Reset vs The Great Awakening with Adam Curry
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 T
Guy's Take #37 - Dear James Woods, Sincerely Guy Swann
"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 adde
Shitcoin Insider #003 - Move Fast & Break Ethereum with Udi Wertheimer
Just in time for one of the various ETH hard forks, both intentional and unintentional, we dig into the dirty details with Udi Wertheimer in this episode of Shitcoin Insider. What even is ETH, what is the perspective of the developers and community around these sorts of problems, and what future does it have?
Don't miss a fun conversation. And follow Udi and his escapades here. (Link: https://x.com/udiWertheimer)
Host Links
Guy on Nostr (Link: http://tinyurl.com/2xc96ney)
Guy on X (Link:
Read_464 - Poolin's Initiative to Activate Taproot [Aaron Van Wirdum]
“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 t
Read_463 - A Symphony of Positivity [Eric Wall]
"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" abo
Chat #51 - The Death of Nuance with Aleks Svetski
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://t
Read_462 - 7 Misconceptions About Bitcoin [Lyn Alden]
"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 ma
Guy's Take #36 - Walking Tall
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 therefo
Read_461 - When Bitcoin Melts The System, Prosperity Steps In [Thibaud Marechal]
"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
Read_460 - The Hard Forks that Didn't Dilute Bitcoin [Nic Carter]
"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 a
Shitcoin Insider #002 - The Pungent Smells of a Bitcoin Fork
Back with another episode! In #2 we dive into the increasingly irrelevant fork of Bitcoin. What are they, where did they come from, and what exactly is going on in the delusional world of those who who forked consensus, and created a centralized political mess in a backwards attempt to chase the ghost of Satoshi's vision.
More hard forks on the horizon, bugs abound, no transactions, and the conclusion of the large block experiment. All this and more in Episode 2 of Shitcoin Insider!
To check out
Read_459 - Call me Ishmael [BitMex]
"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 i
Read_458- The Lightning Liquidity Marketplace [Peter Chawaga]
“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 so
Read_457 - Our Most Brilliant Idea [Robert Breedlove]
"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 dro
Read_456 - Bitcoin at 12 [Nic Carter]
"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
Guy's Take #35 - The Next Domino...
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
Read_455 - Bitcoin and the Rhythms of History [Brandon Quittem]
"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 totalitari
Read_454 - The Last Word on Bitcoin's Energy Consumption [Nic Carter]
"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 a
Read_453 - Lies, Deception, & Unnatural Money [Nik Hoffman]
"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 hist
Read_452 - How Will Bitcoin Lead to More Freedom [Jim Epstein]
"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
Chat #50 - Dawn of the Age of Bitcoin with Erik Cason
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
Read_451 - Multisig Appreciation Day [Marty Bent]
"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 represe
Read_450 - Getting Lightning Ready for Global Takeover [Roy Sheinfeld]
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 announ
Guy's Take #34 - TAPROOT IS MERGED!!
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 a
Read_449 - Deeper Down the Rabbit Hole [Knut Svanholm]
"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 eco
Chat #49 - The Tahini's Bitcoin Standard
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
Read_448 - Crypto, Truth & Power [Erik Cason]
“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 revoluti
Guy's Take #33 - The Canary in the Coal Mine [On Marty's 839th Bent]
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. Th
Read_447 - Bitcoin Isn't Slow, Its Highly Secure [Vlad Costea]
"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 po
Read_446 - The Great Plague of Shitcoinery [Thibaud Marechal]
"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
Guy's Take #32 - Rights, Incentives & the Bitcoin System
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 w
FEATURING Shitcoin Insider #1 - DeFi & Ponzinomics
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
Shitcoin Insider #001 - DeFi & Ponzinomics
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.
Host Links
Guy on Nostr (Link: http://tinyurl.com/2xc96n
Chat #48 - Sovereignty in a Box with Matt Hill
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 tea
Read_445 - A Human Rights Response to Bitcoin Critics [Alex Gladstein]
"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 globa
Read_444 - Things Bitcoiners Don't Want to Hear [Shinobi]
"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 t
Read_443 - On Bitcoin's User Experience [DerGigi]
“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 interne
Read_442 - DLCs are on Bitcoin! New Functionality & Potential [Ben Carman]
"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 n
Chat #47 - Magic Gold with Michael Saylor
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
Read_441 - Bitcoin, A Novel Economic Institution by ARKinvest [Part 2]
"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 fin
Read_440 - Bitcoin, A Novel Economic Institution by ARKinvest [Part 1]
"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
Read_439 - Genesis Files: Hal's Quest for Digital Cash [Aaron van Wirdum]
"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 B
Guy's Take - Open Source Society in a Patented World [#31]
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 than
Read_438 - Blockchain Proof of Work is a Decentralized Clock [grisha]
"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
Read_437 - A Monetary Layer for the Internet [Thibaud Marechal]
"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
Bitcoin is One for All - By Parker Lewis
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
Chat #46 - Stephan Kinsella on Intellectual Property in the age of Bitcoin
"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
Read_436 - Don't Fear the Reaper [Nic Carter]
"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 me
Read_435 - Discovering Bitcoin #7 - Missing Pieces [Giacomo Zucco]
"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 corruptio
Read_434 - Bitcoin is One for All - Part 2 [Parker Lewis]
"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
Read_433 - Bitcoin is One for All - Part 1 [Parker Lewis]
"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 f
Hal’s Day - Bitcoin & Me [reboot]
Bringing back an old post for Hal’s Day. 6 years ago today we lost Hal Finney. This post was one of his last on the BitcoinTalkForums, knowing he would leave us soon, and how he saw his legacy. RIP Hal, we will see you again.
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Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message
Read_432 - Discovering Bitcoin #6 - Digital Contracts [Giacomo Zucco]
"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/discove
Masters & Slaves of Money - By Robert Breedlove
"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 o
Read_431 - True Names Not Required [Gigi]
"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
Read_430 - Accepting Scarcity, A Bitcoin Meditation [Reed Wommack]
“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 crea
Read_429 - Discovering Bitcoin #5 - Digital Scarcity [Giacomo Zucco]
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 an
Guy's Take - The Dominoes are Falling [#30]
“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 expo
Read_428 - Discovering Bitcoin #4 - A Wrong Turn & A New Plan [Giacomo Zucco]
"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 t
Read_427 - The Lightning Paradox [Alex B]
"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 nee
Read_426 - Discovering Bitcoin #3 Introducing Money [Giacomo Zucco]
"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
Chat_45 - Bitcoin & an Energy Revolution, A panel at the VOB Conf
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
Read_425 - If You Only Read One Thing Before Buying Bitcoin... [Sylvain Saurel]
"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. To
Chat_44 - 2 Bitcoiners Talking Bitcoin with Citizen Bitcoin
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!
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Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message
Read_424 - Discovering Bitcoin #2 - About People [Giacomo Zucco]
"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
Read_423 - 3 Reasons I'm Investing in Bitcoin [Lyn Alden]
"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,
Read_422 - Discovering Bitcoin - From Cavemen to Lightning, Part #1 [Giacomo Zucco]
“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 Giacom
Chat_43 - Totally Bitcoin & Changing Minds with Keyvan Davani
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
htt
Read_421 - Lightning as a Retail Payment System [Nicolas Burtey]
"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 b
Guy's Take on the Bill Bert Podcast with Anthony Pompliano [#29]
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 Bi
Read_420 - BIP 9, 8, or MSFA, How Bitcoin Could Upgrade Next [Aaron Van Wirdum]
"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 PT
Read_419 - Twitter Hack & The Need for a User-Owned Internet [Nic Carter]
“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
Read_418 - Bitcoin, More Than An Inflation Hedge [Nick Neuman]
"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 mone
Chat_42 - Project Snow White & the Raleigh Bitcoin Meetup
• 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.
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Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message
Read_417 - On Schelling Points, Network Effects, & Lindy [Willem Van Den Bergh]
"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
Read_416 - The Root of Money? [Atlas Shrugged]
"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 o
Read_415 - Masters & Slaves of Money - Part 2 [Robert Breedlove]
“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 t
Read_414 - Masters & Slaves of Money - Part 1 [Robert Breedlove]
"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 Mo
Read_413 - Bitcoin, A Declaration of Monetary Independence [Jimmy Song]
"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
Read_412 - Bitcoin's Town Square [Zane Pocock]
"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
Read_411 - 21 Million is Non-Negotiable [Phil Geiger]
"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 i
Read_410 - Entering the Decade of Lightning [Elizabeth Stark]
"#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
Chat_42 - Pseu, Guy, & the Future of Bitcoin
"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://p
Read_409 - 57 Varieties of Pyrite [Rusty Russell]
"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 t
Read_408 - Assange's Extradition & Bitcoin's Battle for Freedom [Nozomi Hayase]
“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, technolo
Read_407 - The Bullish Case for Bitcoin [Vijay Boyapati]
"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 othe
Read_406 - Two Revolutionary Networks, Lightning & the Internet [Roy sheinfeld]
"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 w
Read_405 - Bitcoin May Not Survive a Bitcoin Standard [Hasu]
"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 f
Read_404 - ION Beta Launches on Bitcoin Mainnet [Peter Chawaga]
"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
Read_403 - Bitcoin is Antifragile [Parker Lewis]
“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-i
Read_402 - Human Rights Foundation Funds Bitcoin Privacy [Aaron Van Wirdum]
“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 d
GuysTake_28 - Bitcoin & The Layers of Financial Cryptography
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/thec
Read_401 - Financial Cryptography in 7 Layers [Ian Grigg]
"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 look
Chat_41 - Does Stability Exist? With David & CK from POV Crypto
Joined the guys over at POV Crpyto to talk about the nature of stability and prices. Does price stability even exist, is it something to strive for, or is it the antithesis to a stable economy? Had an awesome convo with CK & David, I think you guys will enjoy it.
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Read_400 - Bitcoin Core 0.20 Released! [Aaron Van Wirdum]
"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 d
Chat_40 - ReInventing Bitcoin with Yan Pritzker
"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-fou
Read_399 - Bitcoin as a Startup [Hass McCook]
"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 a
Read_398 - The Political Theology of Bitcoin [Erik Cason]
“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://cryptosover
Read_397 - How Lightning Will Grow Following BTC's 3rd Halving [Peter Chawaga]
“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 infrastructur
Chat_39 - Bitcoin Renaissance - with Marty Bent, John Vallis, Alex Gladstein, Elizabeth Prefontaine, & Brady Swenson
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
Read_396 - Crypto is Modern Alchemy [Meltem Demirors]
"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 anal
Read_395 - The Bitcoin v Govt War is Vaporware [Jesse Lawler]
"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, fi
Chat_38 - Unhashing New Tech with Ruben Somsen
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 Pod
Read_394 - Blockstream Satellite 2.0 [Adam Back, Chris Cook]
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
Read_393 - The Sovereign Individual Investment Thesis [Phil Bonello]
"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 l
Read_000 - The Bitcoin Whitepaper [Satoshi Nakamoto]
"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 sys
Chat_37 - Inevitability of Bitcoin with Parker Lewis
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
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Read_392 - Economics of the Bitcoin Halving [Dominik Stroukal]
"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 Ran
Read_391 - Gold & Economic Freedom [Greenspan]
"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 year
Read_390 - Bitcoin is Common Sense [Parker Lewis]
"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 unavo
Read_389 - Dear Family, Dear Friends [DerGigi]
"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 Bitco
Read_388 - Bitcoin is a Catalyst for Human Evolution [Brandon Quittem]
"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 i
Read_387 - Anatomy of the State - Part 2 [Murray N. Rothbard]
"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 cit
Read_386 - Anatomy of the State - Part 1 [Murray Rothbard]
"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 t
Read_385 - Bitcoin & the Technological Evolution of the Financial System [BitcoinTINA]
"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 Sy
Read_384 - A Declaration of Monetary Independence [Brady Swenson]
"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 appla
Chat_36 - How the Dollar Destroys Society with Bottomshelf Bitcoin
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 ban
Read_383 - The King of Blockchains, How Bitcoin Can Become the Foundation of Web 3.0 [Muneeb Ali]
"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-c
Read_382 - This is Not Capitalism [Allen F. & Sacha M.]
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
• htt
Read_381 - An Important Reminder... [Marty Bent]
"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
Read_380 - Choose Your Fiction [Arthur Hayes]
"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:
Chat_35 - Catch-22 Trillion with the Raleigh Bitcoiners
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 r
Read_379 - Dont be Misled by Red Herrings - Treatise on Bitcoin & Privacy Part 2 [Giacomo Zucco]
"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 navi
Read_378 - Bitcoin: A Bold American Future [Conner Brown]
"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
Read_377 - Stop Calling for a Free Market in Money [Sven Schnieders]
"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
Read_376 - Pascal’s Scams [Nick Szabo]
“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 thi
Read_375 - A Match Made in the Whitepaper - Treatise on Bitcoin & Privacy, Part 1 [Giacomo Zucco]
"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 o
Read_374 - The Number Zero & Bitcoin [Robert Breedlove]
"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
Read_373 - What is Happening to Money [Pascal Hügli]
“In the wake of the enormous money tsunami unleashed onto economies and societies, people have begun (rightfully) to start asking the question: What has become of money? Is money even worth anything any longer?” - Pascal
Another great op-ed from Pascal Hugli over at BitcoinMagazine.com. With a deca-trillion dollar imbalance & trillion in newly printed currency now a daily reality… how exactly did we get here? What is Happening to Money?
https://bitcoinmagazine.com/articles/what-is-happening-to-m
Read_372 - Money is Owned By Everyone [Mcfloogle]
"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
Chat_034 - The Great Wealth Transfer with Pete Rizzo
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
Read_371 - Bitcoin is a Rally Cry [Parker Lewis]
"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 th
Read_370 - Explained; 0% interest, Limitless Repo, QE4 [Colin Harper]
"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, interes
Chat_033 - Is Bitcoin Ready for This? [Raleigh Meetup]
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-me
CryptoQuikRead_369 - I Worked in Crypto for 2 Years... [Matt Vanalli]
"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 Cr
CryptoQuikRead_368 - EARN IT Attacks Online Security & Privacy [EFF, Elliot Harmon]
"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 li
CryptoQuikRead_367 - Bitcoin, Fungibility, & Limits of Privacy [Sasha H. & Rafael Y.]
"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 Raf
CryptoQuikRead_366 - What's Happening in Financial Markets? [Caitlin Long]
"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
CryptoChat_032 - State of Bitcoin Address with Swan Signal
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
@john
I AM HODLING!!
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
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CryptoQuikRead_365 - Ten Million Bitcoiners, The Intransigent Minority [Cory Klippsten]
"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
CryptoQuikRead_364 - Bitcoin, The Technology of Dissent [Nozomi Hayase]
"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
CryptoQuikRead_363 - Bitcoin is Not for Criminals [Parker Lewis]
“Bitcoin can’t be a little bit censorship resistant in the same way that you can’t be a little bit pregnant.” - Parker Lewis.
Continuing the Gradually then Suddenly series from Parker Lewis with another excellent installment: Bitcoin is Not for Criminals.
Check out the original at the amazing blog provided by Unchained Capital:
https://unchained-capital.com/blog/bitcoin-is-not-for-criminals/
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GuysTake_027 - Corona Virus... Bitcoin Fixes This
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.
CryptoQuikRead_362 - How Lightning Can Improve Encrypted Messaging [Colin Harper]
"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
CryptoQuikRead_361 - Bitcoin's Habitats [DerGigi]
"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
CryptoQuikRead_360 - Distrust in Lebanese Banks Spurs Bitcoin Boom [Timour Azhari]
"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
CryptoQuikRead_359 - Microsoft's ION Bets on Bitcoin [Colin Harper]
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!
Anot
CryptoQuikRead_358 - The Blockchain is Exhaust [Udi Wertheimer]
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
CryptoQuikRead_357 - Another Step Towards a P2P Lightning Economy [Roy Sheinfeld]
"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
CryptoChat_31 - Bitcoin2020 with CK_Snarks!
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 Bit
CryptoQuikRead_356 - Bitcoin Cannot be Banned [Parker Lewis]
"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.
CryptoQuikRead_355 - How Decentralization Dies [Brandon Arvanaghi]
"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
CryptoQuikRead_354 - Why Proof of Reserves is Important to Bitcoin [Mauricio Di Bartolomeo]
"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 conte
CryptoChat_30 - Once BITten, down the Bitcoin Rabbit Hole with Daniel Prince
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 s
CryptoQuikRead_353 - We're All Default Keynesians Now [Brady Swenson]
"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
CryptoQuikRead_352 - Paying Yourself for Privacy on Lightning? [Aaron Van Wirdum]
"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
CryptoQuikRead_351 - Bitcoin is Not a Pyramid Scheme [Parker Lewis]
"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
CryptoQuikRead_350 - Of Course You Can Own Bitcoins [Bitcoin Rabbi]
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
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CryptoQuikRead_349 - The Rise of SIM Swapping [David Hollerith]
"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 detailin
CryptoQuikRead_348 - All 21M Bitcoin Already Exist [Phil Geiger]
"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
CryptoQuikRead_347 - Strike! By Zap [Jack Mallers]
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.c
CryptoQuikRead_346 - The Kindest Cut; Why The 2020 Bitcoin Halving... [Peter C. Earle]
"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 halvi
CryptoQuikRead_345 - Bitcoin Obsoletes All Other Money [Parker Lewis]
"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 w
GuysTake_026 - The Halving is Not Priced in, Here's Why
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 "Introduc
CryptoQuikRead_344 - Efficient Markets & Bitcoin's Stock to Flow [PlanB]
"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
CryptoQuikRead_343 - Introduction to the Efficient Market Hypothesis for Bitcoiners [Nic Carter]
"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 t
CryptoQuikRead_342 - Bitcoin & the Primacy of the Digital World [Pascal Hugli]
"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 grea
CryptoQuikRead_341 - The Rise of the Individual [Aleks Svetski]
"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
CryptoQuikRead_340 - The Cat is Out of the Bag [Nic Carter]
"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 N
CryptoQuikRead_339 - Proof-of-Work, The Fundamental Laws [Rory Highside]
"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 l
CryptoQuikRead_338 - The Information Theory of Money [Dan Held]
"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
CryptoQuikRead_337 - The Tyranny of Time Scarcity - Bitcoin Times Ed 2 - [Robert Breedlove]
“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 co
CryptoQuikRead_336 - Bitcoin's Eternal Struggle - Bitcoin Times Ed 2 [DerGigi]
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 incredibl
CryptoQuikRead_335 - Bitcoin is Not Backed by Nothing [Parker Lewis]
"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 Unchain
Reboot - The Three Economic Eras of Bitcoin [Rusty Russell]
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 h
Guy & Car - Bitcoin, Unmentionables, & an Insane 2019
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!
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CryptoQuikRead_334 - A Bitcoin Roadmap 2020 & Beyond [John Newbery Tweet Thread]
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 Newbe
Reboot - Shelling Out: The Origins of Money [Nick Szabo]
"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 i
CryptoQuikRead_333 - The Passion of the Believers [Hass McCook]
"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
CryptoQuikRead_332 - Proof of Stake, Private Keys Attacks & Unforgeable Costliness [Hugo Nguyen]
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 h
CryptoQuikRead_331 - Proof of Stake & The Wrong Engineering Mindset [Hugo Nguyen]
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
CryptoChat_029 - With David Hollerith & the Bitcoin Magazine Podcast
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
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CryptoQuikRead_330 - Does Bitcoin Need Accounts? [Aaron Van Wirdum]
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
CryptoQuikRead_329 - Bitcoin, Not Blockchain [Parker Lewis]
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
CryptoQuikRead_328 - Under a HEX [Goldman Sats]
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!
CryptoChat_028 - Horny for Justice at the Raleigh Meetup
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!
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CryptoQuikRead_327 - Bitcoin is Worse is Better [gwern]
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-i
CryptoQuikRead_326 - Innovations in Bitcoin's Technology Stack [Lucas Nuzzi]
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.
F
Money, Bitcoin, & Time - by Robert Breedlove
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
CryptoQuikRead_325 - Lightning, Why I Quit the Bond Market for Bitcoin [Nik Bhatia]
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:
htt
CryptoChat_027 - Boomer Bucks & the Raleigh Meetup
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/d
CryptoQuikRead_324 - Bitcoin Fixes This [Parker Lewis]
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 t
CryptoQuikRead_323 - Transaction Count is an Inferior Measure [Nic Carter]
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 I
The Bitcoin Reformation - by Tuur Demeester
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 s
CryptoQuikRead_322 - The World Has Gone Mad... [Ray Dalio]
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 C
CryptoQuikRead_321 - Bitcoin is Not Too Slow [Parker Lewis]
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
CryptoQuikRead_320 - The Bitcoin Reformation - Part 2 [Tuur Demeester]
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
CryptoQuikRead_319 - The Bitcoin Reformation - Part 1 [Tuur Demeester]
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 forge
CryptoChat_026 - Bitcoin for Self Defense with Max Hillebrand
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
CryptoQuikRead_318 - Taproot is Coming [Aaron van Wirdum]
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, che
CryptoQuikRead_317 - The Triumvirate of Liquidity [Nik Bhatia]
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://me
GuysTake_025 - Money, Networks, Blockchains, & Bitcoin
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
CryptoQuikRead_316 - A New Monetary Network - The Bitcoin Times Vol 1 - Part 2 [Aleksandar Svetski]
"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
CryptoQuikRead_315 - Blockchain is Dead - The Bitcoin Times Vol 1 - Part 1 [Aleksandar Svetski]
"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 e
CryptoQuikRead_314 - Stop Calling Bitcoin Deflationary [Conner Brown]
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-c
CryptoChat_025 - On Sovereignty with Knut Svanholm
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 t
CryptoChat_024 - World War B [The Raleigh Bitcoin Podcast]
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 Cry
CryptoQuikRead_313 - Who Secures Bitcoin? [John Carvalho]
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
CryptoQuikRead_312 - Sovereignty Through Mathematics - Part 5 [Knut Svanholm]
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 -
CryptoQuikRead_311 - Sovereignty Through Mathematics - Part 4 [Knut Svanholm]
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 y
CryptoQuikRead_310 - Sovereignty Through Mathematics - Part 3 [Knut Svanholm]
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://tw
CryptoQuikRead_309 - Sovereignty Through Mathematics - Part 2 [Knut Svanholm]
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
O
CryptoQuikRead_308 - Sovereignty Through Mathematics - Part 1 [Knut Svanholm]
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/Bitcoi
CryptoQuikRead_307 - The (flawed) Economics of Bitcoin Maximalism
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/lib
CryptoQuikRead_306 - Bitcoin Does Not Waste Energy [Parker Lewis]
"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 othe
CryptoQuikRead_305 - Addressing Security Concerns with the Casa Node [Jameson Lopp & Brian Lockhart]
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. Belo
CryptoQuikRead_304 - Bitcoin Astronomy [Part 2 - Dhruv Bansal]
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/CryptoQu
CryptoQuikRead_303 - Bitcoin Astronomy [Part 1 - Dhruv Bansal]
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 ca
CryptoQuikRead_302 - Bitcoin is Not Too Volatile [Parker Lewis]
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.
B
Bonus - Who Deserves This? [Ross Ulbricht]
freeross.org
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CryptoQuikRead_301 - Bitcoin Equals Freedom [Ross Ulbricht]
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://
CryptoQuikRead_300!! - The Crypto Anarchist Manifesto [Timothy C. May]
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-anarch
CryptoChat_023 - Small State, Big Bitcoin [The Raleigh Bitcoin Podcast]
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 th
GuysTake_024 - But Lightning Enables...
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 l
CryptoQuikRead_299 - Announcing Olympus! From Fiat to Lightning in Seconds [Jack Mallers]
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 whi
CryptoQuikRead_298 - Lightning Service Providers [Roy Sheinfeld]
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 P
CryptoChat_022 - All Roads Lead to Bitcoin w/ John Vallis
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
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Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message
CryptoQuikRead_297 - Simplifying Lightning, The "Noinput Class" [Aaron Van Wirdum]
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
CryptoQuikRead_296 - The Long Now [Ben Hunt - Epsilon Theory]
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://w
CryptoQuikRead_295 - A New Form of Life - Money, Bitcoin & Time [Part 5 - Robert Breedlove]
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
CryptoQuikRead_294 - The Simple Truth About Bitcoin - Money, Bitcoin & Time [Part 4 - Robert Breedlove]
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
GuysTake_23 - Revolution in the Protocol [on Nic Carter's "Peaceful Revolution"]
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/
CryptoQuikRead_293 - A Most Peaceful Revolution [Nic Carter]
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 hi
GuysTake_022 - But Bitcoin Isn't User Friendly...
• 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 co
CryptoQuikRead_292 - Rise of the Sovereign Individual [dergigi]
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
CryptoQuikRead_291 - Bitcoin Can't Be Copied [Parker Lewis]
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
GuysTake_021 - Bitcoin & the 7th Great Disruption of the Digital Age
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
CryptoChat_021 - Wealth Power & Influence, Bitcoin talk with Jason & Matt
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 & Inf
CryptoQuikRead_290 - Gradually, Then Suddenly [Parker Lewis]
"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 in
CryptoQuikRead_289 - Bitcoin & Me [Hal Finney]
Harold Thomas Finney (May 4, 1956 – August 28, 2014)
In one of his last posts on the BitcoinTalk forums, Hal Finney posted a short message about his past, finding Bitcoin, working with Satoshi, coming to terms with his disease, and the legacy he was leaving behind. On this day in 2014 we lost a true cypherpunk. Hal's, Bitcoin and Me
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Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message
CryptoQuikRead_288 - The Economic Nervous System - Money, Bitcoin, & Time [Part 3 - Robert Breedlove]
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 Kn
CryptoQuikRead_287 - Money is a Social Network - Money, Bitcoin & Time [Part 2 - Robert Breedlove]
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
CryptoQuikRead_286 - Money, Bitcoin & Time [Part 1 - Robert Breedlove]
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 o
CryptoChat_020 - ITS ALIVE!! Brandon Quittem & Der Gigi on the Bitcoin Organism
“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,
CryptoQuikRead_285 - Proof of Life [dergigi]
"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 B
CryptoQuikRead_284 - Bitcoin is the Antivirus [Brandon Quittem]
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 &
CryptoQuikRead_283 - Invalid Blocks Need Not Apply [StopAndDecrypt]
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
CryptoChat_019 - Under The Lightning Hood: Resurrection
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 comin
CryptoQuikRead_282 - The Right to Read [Richard Stallman]
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
CryptoQuikRead_281 - Unpacking Bitcoin's Assurances [Nic Carter]
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 be
CryptoQuikRead_280 - My Path to Bitcoin Maximalism [Ben Perrin]
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
CryptoChat_018 - Investigating Bitcoin with Aaron Van Wirdum
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
GuysTake_020 - How Bitcoin Could Bring Down the State
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, D
CryptoQuikRead_279 - Deflation & Liberty [Part 2 - Jörg Guido Hülsmann]
"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
CryptoQuikRead_278 - Deflation & Liberty [Part 1 - Jörg Guido Hülsmann]
When 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
CryptoQuikRead_277 - Modeling Bitcoin's Value with Scarcity [100trillionUSD]
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 or
CryptoChat_017 - Reminiscing with Car & Bird on a Crazy Year & a Changing World
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=0a
CryptoQuikRead_276 - More Immutable than Stone [Simon Lutz]
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
CryptoQuikRead_275 - Bit Gold [Nick Szabo]
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://nakamoto
CryptoQuikRead_274 - BetterHash, Decentralizing Bitcoin Mining with new Hashing Protocols [StopAndDecrypt]
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/hacker
CryptoQuikRead_272 - Keynesian Errors on Time and Demand [Ben Kaufman]
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_
CryptoQuikRead_272 - Statechains, Sending Keys Not Coins [Aaron Van Wirdum]
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 rece
CryptoQuikRead_272 - Letting a Million Channels Bloom [Rusty Russell & Joe Netti]
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 of
CryptoQuikRead_271 - Bitcoin's Energy Consumption is a Necessity [Daniel Wingen]
... 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 man
CryptoQuikRead_270 - Investing in Bitcoin [Hasu & Su Zhu]
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
CryptoQuikRead_269 - Bitcoin is a Human Right [Nik Bhatia]
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-i
CryptoChat_016 - Lightning is a Breez with Roy Sheinfeld
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_tec
CryptoQuikRead_268 - Major Developments in LND 0.7
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
CryptoQuikRead_267 - Everyone's a Scammer [Michael Goldstein]
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
CryptoChat_015 - Alex Adelman on Stacking Sats & Saving Money with Lolli
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
CryptoQuikRead_266 - How Many Wrongs Make A Wright [Part 2 - Jameson Lopp]
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 t
CryptoQuikRead_265 - How Many Wrongs Make a Wright [Part 1 - 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 "
CryptoChat_014 - Aleks Svetski on the Death of Blockchain
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-sap
CryptoQuikRead_264 - A Man Warned is Half Saved [beautyon_]
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://ha
CryptoChat_013 - Richard Myers and a Lightning Powered Global Mesh
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 Twi
CryptoQuikRead_262 - The Bitcoin Time Traveler [Luka_Magnotta]
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
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CryptoQuikRead_262 - The Island of Stone Money [Milton Friedman]
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.hoo
CryptoQuikRead_261 - The God Protocols [Nick Szabo]
"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 abo
GuysTake_019 - Libra Doesn't Compete with Bitcoin, But it Might Kill Ripple
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.
CryptoQuikRead_260 - Why America Can't Regulate Bitcoin [beautyon_]
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
CryptoChat_12 - Talking Privacy, Bitcoin & the New Economy with the Raleigh Bitcoin Meetup
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
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GuysTake_18 - A Story About Booms & Busts
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!
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CryptoQuikRead_259 - Lightning at the End of the Tunnel [Roy Sheinfeld]
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 B
GuysTake_017 - Erlay, Dandelion, & BitcoinOps
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 t
CryptoQuikRead_258 - 21 Lessons of the Bitcoin Rabbit Hole - Chapter 3 [dergigi]
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/
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CryptoQuikRead_257 - 21 Lessons of the Bitcoin Rabbit Hole - Chapter 2 [dergigi]
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 twitt
CryptoQuikRead_256 - 21 Lessons of the Bitcoin Rabbit Hole - Chapter 1 [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/
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CryptoQuikRead_255 - Bitcoin An Accounting Revolution [Permabull Niño]
“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 syste
CryptoQuikRead_254 - Bitcoin & Software Reliability [beautyon_]
" '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
Guystake_016 - Drama, Drama, Toxic Drama
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 fighti
CryptoQuikRead_253 - The Magic Dust of Cryptography [dergigi]
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 wi
GuysTake_015 - The Bcash 51% Attack
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 domi
CryptoQuikRead_252 - Bitcoin's Security is Fine [Dan Held]
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
CryptoQuikRead_251 - Use of Knowledge in Society [Part 2 - F. A. Hayek]
The 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 sta
CryptoQuikRead_250 - Use of Knowledge in Society [Part 1 - F. A. Hayek]
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
CryptoQuikRead_249 - Bitcoin Has No Intrinsic Value, & That's Great! [Conner Brown]
Diving into a great piece by Conner Brown exploring the subjectivity of value, and why Bitcoin's lack of "intrinsic value" is a benefit, not a hinderance. Does this aspect of Bitcoin, and the nature of money align with history? Does it challenge great economic thinkers & their theories? Or is it a natural next step in the growing possibilities of the digital world? Don't miss a fun episode starting off another week on Bitcoin economics!
Dont forget to follow Conner Brown on Twitter and explore
CryptoQuikRead_248 - Bitrefill's Hottest Lightning Tech of 2019!
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!
GuysTake_014 - The What, Why, & How of Lightning
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, desp
CryptoQuikRead_247 - The Ancient Sin of Debt; How Bitcoin Can Make Amends [Darren Kleine]
With a really cool and succinct article from Darren Kleine (@_DKleine), today's read is on the "sins" of debt and usury, and how a good or bad monetary system will either encourage its corruption, or protect society from its abuse. Don't miss a great little read and fun discussion all about the nature of debt, money, and a new financial world built on Bitcoin.
The Ancient Sin of Debt: How Bitcoin Can Make Amends
Don't forget to follow Darren and explore the many other great pieces he has writt
GuysTake_013 - Nodes vs Miners, Who Defines Bitcoin?
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.
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GuysTake_012 - Full Nodes or Nothing, The Story of Validation [Part 1]
When 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 f
CryptoQuikRead_246 - Errors in Satoshi's Whitepaper [David A. Harding]
Today we take a stroll through a collection of known errors, clarification, and terminology changes from the original whitepaper made available thanks to David A. Harding. The chain of signatures, "one-CPU-one-vote," the distinction between nodes and miners, and much more. This will have some important details we will reference later in the week while exploring validation and nodes on the Bitcoin network, and what it means to "define" the Bitcoin system.
Check out Harding's Github page for the
CryptoQuikRead_245 - Bitcoin's Gravity [dergigi]
A great piece just full of fun analogies on how to imagine the force of nature that is #Bitcoin. Don't miss our first piece by @dergigi on the show today, exploring Bitcoin as a force of ideological gravity, and how the network codifies a concept into an explicit set of rules to define the game we play. Today's read, Bitcoin's Gravity!
Check out the other work by @dergigi on his personal page below, and also drop some applause on this article and go through the tons of links to the other grea
CryptoQuikRead_243 - Bitcoin in Heavy Accumulation [Part 2 - Tuur Demeester, Michiel Lescrauwaet]
The conclusion of the Adamant Capital report from Tuur Demeester & Michiel Lescrauwaet on the current state & sentiment of the Bitcoin markets. What could send the price lower? Where are we in the financialization process of the Bitcoin market? Is there still a possibility that Bitcoin becomes a globally recognized reserve asset? Find out in Adamant Capital report:
Bitcoin in Heavy Accumulation
Don't forget to check out the Adamant Capital website & Blog for more data, and download the full r
CryptoQuikRead_243 - Bitcoin in Heavy Accumulation [Part 1 - Tuur Demeester, Michiel Lescrauwaet]
Today & tomorrow we will be going through the Adamant Capital report by Tuur Demeester & Michiel Lescrauwaet on the current state and sentiment of the Bitcoin markets, and the data that backs up their analysis. Is the bear market over? Should we be searching for bull horns breaking the horizon? Find out in Adamant Capital report:
Bitcoin in Heavy Accumulation
Don't forget to check out the Adamant Capital website & Blog for more data, and download the full report to see the numerous charts an
CryptoQuikRead_242 - Neutrino is Dangerous to my Self-Sovereignty [Nicholas Dorier]
In the follow-up to yesterday's article, we are covering Nicolas Dorier's second article on Neutrino, detailing the systemic risks of widespread SPV, and breaking down the different types and specific consequences of various node setups on the network. With the controversial stance that SPV threatens self-sovereignty more than even custodial wallets, Nicolas cedes no ground. Don't miss another great article!
A brief shout out to the Casa suite in the commentary as well.
Don't forget to head
CryptoQuikRead_241 - Why I Don't Celebrate Neutrino [Nicholas Dorier]
Today we read an article from developer @nicolasdorier that illustrates why Neutrino might not be the panacea some seem to treat it as. It certainly has its benefits, but its important to look critically at every proposal, to ensure we understand what is, not what we wish to be.
Why I Don't Celebrate Neutrino
Don't forget to thank Nicolas for letting me cover his work and head over to his Medium page and drop some applause on this article, or get a head start on his follow-up that we will rea
CryptoChat_011 - Lightning, Paywall.Link, & the Bootstrap Bandit
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.
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CryptoQuikRead_240 - Rothbard on Utility Theory [Mises.org]
Today we grab a section out of one of the many incredible works by Murray N. Rothbard to discuss the idea of marginal utility and why money must be a good, and actually is not a unit of measure. As value can only be measured as relational to another good, money follows the same law of diminishing marginal utility. Find out why with our read & discussion of Rothbard's "Toward a Reconstruction of Utility and Welfare Economics" from the incredible library at the Mises Institute.
Check out the fu
The Case for Electronic Cash [Jerry Brito]
The full audio version of "The Case for Electronic Cash" by Jerry Brito.
Abstract
Cash is more than a method of payment. It is a fundamental tool for individual privacy and autonomy, and it is necessary for an open society. This paper shows that a cashless economy is a surveillance economy. It also argues that removing the option to freely transact without intermediation greatly limits our economic self-determination, placing our economic lives in the hands of financial institutions and governm
GuysTake_011 - Why Lightning Sucks
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
CryptoQuikRead_239 - How to Scale Bitcoin Without Changing a Thing [Part 2 - Nic Carter]
Even with #Bitcoin, are we destined for a future with intermediated payments? Will that give us a different color of the same system we're stuck with today, or will Bitcoin still prove to be a revolution in financial trust? Lets dig deeper into the objections to Bitcoin Banks in Part 2 of @nic__carter's "How to Scale Bitcoin (without changing a thing)."
Another huge thank you to Nic for this work and sparking an important discussion! Drop some major applause on this work and share it with othe
CryptoQuikRead_238 - How to Scale Bitcoin Without Changing a Thing [Part 1 - Nic Carter]
"I believe that institutional scaling presents an under-appreciated scaling vector, and it is quite possible to employ it without significantly compromising Bitcoin’s assurances."
Don't miss today's article, another fantastic read by Nic Carter (@nic__carter), on the Finneyan view of scaling Bitcoin for its highest value proposition; creating a settlement network with the potential of correcting our far-too-frequent problems of monetary inflation & systemic insolvency. "How to Scale Bitcoin (w
CryptoQuikRead_237 - Casa Keymaster Security - Mobile Key Overview [Jameson Lopp]
Today we go through a recent blog post by Jameson Lopp and the Casa team that goes into the clever, meticulous design used to ensure the security and recoverability of the mobile key for their Keymaster app. Don't forget to check out the Casa blog to see the other exciting announcements and ongoing developments from the Casa team.
https://blog.keys.casa/casa-keymaster-security-mobile-key-overview/
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CryptoQuikRead_236 - How Is Fiat Money Possible [Part 3 - Hans Hermann Hoppe]
Today we reach the conclusion of Hoppe's incredible piece on the nature of fractional reserve banking and the contradictions of fiat money. With the final section, "From Deposit & Loan Banking to Fractional Reserve: The Devolution of Credit." Plus a really fun discussion as a follow-up to the entire, 3 part work.
"How is Fiat Money Possible." There is no place like Mises.org. Don't forget to check out the vast collection of knowledge and information made available for free over at the Mises In
CryptoQuikRead_235 - How Is Fiat Money Possible [Part 2 - Hans Hermann Hoppe]
Continuing from yesterday's episode with Part 2 of our journey through Hoppe's amazing piece on the nature and origins of the fiat money system. Could such a system ever work in a competitive market, or are there extremely specific conditions and legal restrictions which make the contradiction of irredeemable paper money, temporarily sustainable? Listen to find out.
"How is Fiat Money Possible." Don't forget to check out the vast collection of knowledge at Mises.org for this work and many more
CryptoQuikRead_234 - How is Fiat Money Possible [Part 1 - Hans Hermann Hoppe]
"Fiat money is the term for a medium of exchange which is neither a commercial commodity, a consumer, or a producer good, nor title to any such commodity: i.e., irredeemable paper money."
Another great suggestion by @stephanlivera, we begin our dive into Hans-Hermann Hoppe's extended piece on the Devolution of money and credit, "How is Fiat Money Possible." Don't miss an incredible read and fun discussion that follows.
Don't forget to check out the vast collection of knowledge at Mises.org fo
CryptoQuikRead_233 - Exit & Freedom [Nick Szabo]
Building on the principles discussed in our exploration of the consequences of a society without cash, we apply it to a broader principle of how the power to exit acts as a check on abuse and centralization. And who better to cover this topic with, than Nick Szabo? Today we read and discuss Szabo's blog post from 2007 titled, Exit and Freedom.
Don't forget to follow Nick on Twitter and explore the enormous body of work he has contributed over decades at his blog:
http://unenumerated.blogspot.c
CryptoQuikRead_232 - The Case for Electronic Cash [Part 3 - Jerry Brito]
The conclusion of The Case for Electronic Cash by Jerry Brito. Today we close out this amazing piece with the moral case for why we should not only refrain from demonizing and restricting digital cash, but we should foster and celebrate it! A huge thank you to Coin Center for this work, and don't forget to check out the incredible work they do.
The original work can be downloaded here: https://coincenter.org/files/2019-02/the-case-for-electronic-cash-coin-center.pdf
Also, don't forget that th
CryptoQuikRead_231 - The Case for Electronic Cash [Part 2 - Jerry Brito]
Continuing with Part 2 of "The Case for Electronic Cash" from Jerry Brito and CoinCenter.org. The consequences of total dependence upon financial intermediaries and how it is already affecting people today.
Don't forget to check out CoinCenter.org for tons of information on all topics around Bitcoin and cryptocurrency technologies. The original work can be downloaded here: https://coincenter.org/files/2019-02/the-case-for-electronic-cash-coin-center.pdf
Also, don't forget that there are tons
CryptoQuikRead_230 - The Case for Electronic Cash [Part 1 - Jerry Brito]
Today we begin the long, and rewarding journey through Jerry Brito's & Coin Center's Report on "The Case for Electronic Cash." This is an incredible work present several case studies to explore the trade offs of privacy and individual autonomy, the nature of an open society, the consequences of a fully intermediated society, and how cash plays a critical role in it all. This will be a multi-part series that is not to be missed! Begin Part 1...
Don't forget to check out CoinCenter.org for tons o
CryptoQuikRead_229 - Why the State Demands Control of Money [Hans Hermann Hoppe]
What if there was a clear and obvious reason that the state monopolizes the production of money, that after understanding, you simply cannot unsee? What if the story we are all told of governments and central banks protecting the economy from crises, is actually the perfect opposite of what's really happening? Another great piece from Mises.org, by Hans Herman Hoppe; "Why the State Demands Control of Money."
Don't forget to check out the invaluable work made available by the Mises Institute ov
CryptoQuikRead_228 - Minimum Viable Decentralization [John Backus]
Today we cover another great piece on the topic of what can be learned from the history of P2P protocols and their successes & failures. Written by John Backus @backus, his article "Minimum Viable Decentralization," lays out a concept that may have been the deciding factor that separated the winners and losers in the file sharing revolution. Why did BitTorrent succeed even without a discovery mechanism and its lack of privacy, when technology like Freenet, or iMule offered vastly better privac
CryptoQuikRead_227 - Bitcoin is a Hedge Against the Cashless Society [Hasu & Su Zhu]
Another excellent piece from Su Zhu and Hasu at uncommoncore.co and a great introduction to the dynamics and risks at stake in the cashless society. Is the cashless society the frictionless future we want? Or is it frictionless mass surveillance and frictionless negative interest rates? Cash may serve a far more important role than merely a means of payment. Find out more in today's episode, reading:
Bitcoin is a Hedge Against the Cashless Society
Don't forget to follow and check out the ma
CryptoChat_010 - Guy & the PayPod on How Bitcoin Will Change the World
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.
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My Favorite Bitcoin Holidays? A Walk with Guy Through Bitcoin History
Today 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
CryptoQuikRead_226 - Schnorr Signatures & The Inevitability of Privacy in Bitcoin [Lucas Nuzzi]
"The need for privacy and the long-term sustainability of Bitcoin without block rewards are perhaps two of the most most alarming issues surrounding Bitcoin today." - Lucas Nuzzi
Could Schnorr signatures be the puzzle piece that eliminates a major limitation on the costs and ease of privacy at Bitcoin's base layer, while at the same time, incentivizing a robust fee market, and enabling a wide range of more dynamic smart contracts? The next soft fork in Bitcoin could be the most exciting and sign
CryptoQuikRead_225 - Bitcoin & the Promise of Independent Property Rights [Hasu & Su Zhu]
"That is the key innovation of Bitcoin: It detaches property rights from the legal system and the monopoly on violence. For the first time, we can have property that does not rely on a local authority to enforce and protect. It is easy to conceal, defend, divide, move, and verify — all by yourself, granting you the highest level of personal sovereignty." @Hasu & @suzhu
Don't miss Part 3 of the "Skeptics Guide to Bitcoin" breaking down how Bitcoin enables property rights under an entirely new pa
CryptoQuikRead_224 - Bitcoin is a Social Creature, Mycelium Part 2 [Brandon Quittem]
"To the casual observer, most of bitcoin’s life is boring — months go by with relatively little action. Then when conditions are just right, bitcoin explodes into life, growing massively in size, and hijacking the consciousness of observers." - Brandon Quittem
Today we're diving back into the series by Brandon Quittem that peers from a bird's eye view at the nature of Bitcoin, and explores its patterns and growth through the framework of a mycelial network. Can fungi teach us something about B
GuysTake_009 - A Trust Model Comparison: Bitcoin vs. the Mighty Dollar
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 consequen
CryptoQuikRead_223 - Ethereum Architecture is Flawed [Hugo Nguyen]
"Ethereum’s #1 problem is not a problem of product-market-fit but one of engineering soundness. Ethereum architecture is based on a flawed and unscalable idea: it assumes that “smart contracts” need computations to be replicated on thousands and thousands of machines."
Today we cover Hugo Nguyen's Twitter-thread-turned-blog-post on the flawed fundamental philosophy of the Ethereum system and what the core value provided by a public blockchain network really is.
Drop some applause and explore t
CryptoQuikRead_222 - Decentralized Disruption, Who Dares Wins: BitTorrent Lesson 4 [Simon Morris]
So what is the outcome of decentralized disruption? Who are the winners when there is a shift to an entirely new paradigm? Don't miss the conclusion of Simon Morris's excellent series on the lessons #Bitcoin & Crypto can learn from the history and challenges of the BitTorrent ecosystem.
Somehow I managed to entirely miss the Post Script at the end of the article which deserves a nod! So when you head over to follow @Simonhmorris on Medium and applaud this series don't forget to check out th
CryptoQuikRead_221 - Intent, Complexity, & Governance Paradox: BitTorrent Lesson 3 [Simon Morris]
In the context of Part 2, knowing that the true value of decentralization is in breaking rules, Simon Morris now explores the consequences of a systems "intent," the incredible complexity and balance it requires to sustain them, & the paradox of making changes to a system whose power resides in its capacity to resist change. Listen to Part 3 of Simon's series on the lessons we can learn from BitTorrent.
Lets see if we can't add 300 claps to Simon's series by heading over to the original articl
CryptoQuikRead_220 - Not Breaking Rules? You’re Doing it Wrong: BitTorrent Lesson 2 [Simon Morris]
Today we cover Part 2 of Simon Morris's excellent series on the lessons we can take from BitTorrent to better understand the goals and value of Bitcoin and Crypto. If it doesn't break the rules, then why does decentralization even matter? Don't miss the excellent article, with a few exciting updates from today about Lightning Network development, and followed by my commentary on all the different ways I think #Bitcoin is "Breaking the Rules."
Click that applause button like crazy to throw so
CryptoQuikRead_219 - Why BitTorrent Mattered: Lesson 1 [Simon Morris]
Bitcoin is an incredibly novel technology, there are few technologies that can boast the revolutionary impact that Bitcoin potentially has. However, there is still much to be learned from its predecessors and benefactors. One of those being the resilient and disruptive ecosystem of the BitTorrent protocol. Simon Morris, a 10 year veteran of the company, BitTorrent Inc., brings us a 4 part series exploring exactly what we can learn from our Peer-2-Peer history, and the challenges that faced an i
CryptoQuikRead_218 - The Resolution of the Big Block Experiment [Lucas Nuzzi]
If you missed the insanity that happened during the "Block Wars" that extended from 2014 all the way to late 2017 with the split of Bitcoin Cash, then you aren't going to want to miss this article. With a thorough overview of both the history and core ideas behind the numerous ideas and personalities wrapped into the blocksize debate, Lucas Nuzzi lays out the full picture with his article "The Resolution of the Big Block Experiment."
Drop some applause on this excellent write-up by heading ove
CryptoQuikRead_217 - Sovereignty as a Service [Jeremy Welch]
Another short but excellent blog post covering the incredible work being done by the team over at @CasaHODL. For the first time we are seeing a user friendly application of one of Bitcoin's core differentiators. Sovereignty as a service is a beautifully simple idea with huge implications. Don't miss this great piece by Jeremy Welch on the philosophy behind the Casa service, & check out the other awesome tools and products at https://blog.keys.casa/
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CryptoQuikRead_216 - Formalizing & Securing Network Relationships [Part 3 - Nick Szabo]
The risks and benefits of chargebacks, the nature of the trade-off between contract enforcement & ensuring privacy, the elements of splitting contractual elements (the ripped dollar bill) to minimize trust, pseudonymous credit ratings, and so much more in our completion of Szabo's essay, “Formalizing and Securing Relationships on Public Networks.” More amazing foresight into the problems of smart contract design, detailed more than a decade before Bitcoin even existed.
Link to the Nakamoto Inst
CryptoQuikRead_215 - Formalizing & Securing Network Relationships [Part 2 - Nick Szabo]
Listening to an essay from 1997 that details specific challenges of something as distant as the smart contract embedded into the Lightning Network shows the unbelievable foresight of the cypherpunks. As well as the dedication to seeing their vision become a reality. Don’t miss the continuation of Szabo’s amazing piece, “Formalizing and Securing Relationships on Public Networks.”
Link to the Nakamoto Institute for hosting this incredible work:
https://nakamotoinstitute.org/formalizing-securing-r
CryptoQuikRead_214 - Formalizing & Securing Network Relationships [Part 1 - Nick Szabo]
"... The movement from static to dynamic media promises to bring about a fourth cost revolution in the related areas of jurisdiction, trust, and security. Impacts on business will be felt in law, accounting, auditing, billing, collections, contracts, confidentiality, and so on: in short, the entire nature of our business relationships will be altered in ways only partially foreseeable."
- Nick Szabo
Diving into another excellent piece from Szabo on establishing and updating how we create, enfor
CryptoQuikRead_213 - MuSig, A New MultiSignature Standard [Andrew Poelstra]
Cypherpunks write code!
Last year we received a published paper detailing the advantages of the new MuSig Multisignature Scheme, this year we get the code. From the incredible minds at Blockstream, don't miss an exciting development in cryptographically securing and verifying ownership among increasingly complex & private groups of individuals.
To explore numerous links and further reading, as well as the other amazing work from Blockstream, check out the full article below:
https://blockstr
CryptoChat_009 - Holding the Lightning Torch on the Rollo & Slappy Show
If 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
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CryptoQuikRead_212 - 5 Things I've Learned After a Year in Bitcoin [Jason Smith]
Another great Twitter thread to cover, this time from Jason Smith (@iwearahoodie) covering 5 incredible lessons learned after a year of being seriously into #Bitcoin. Are they the same things you've learned?
Follow Jason and read the full thread here.
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The Human Threat Model [JW Weatherman]
"The human threat model is intended to help humans better understand the threats to that they face and the tools available, and in active development, for defense. Threats are assumed to be any activity designed to prevent humanity from accomplishing it's mission to make the world delightful." @jwweatherman
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The Bitcoin Threat Model [JW Weatherman]
"The Bitcoin Threat Model is intended to help developers, investors and users better understand the security of Bitcoin. Threats are assumed to be any activity designed to prevent Bitcoin from accomplishing its mission to become cash (including a unit of account)." @jwweatherman
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CryptoQuikRead_211 - Human Threat Model [Part 2 - JW Weatherman]
The conclusion of the epic "Human Threat Model," by @jwweatherman. An exploration of the attack surface that exists in the very nature of being human, and how #Bitcoin could both change the fundamental relationship that we have with thieves and governments, as well as open up avenues to actually exploit the selfishness of corruption to take actions against itself. Another exciting read from JW!
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CryptoQuikRead_210 - Human Threat Model [Part 1 - JW Weatherman]
Today we begin the "Human Threat Model," by @jwweatherman. An exploration of the attack surface that exists in the very nature of being human, and how #Bitcoin could both change the fundamental relationship that we have with thieves and governments, as well as open up avenues to actually exploit the selfishness of corruption to take actions against itself. Another exciting read from JW!
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CryptoQuikRead_209 - The Bitcoin Threat Model [Part 2 - JW Weatherman]
Continuing with Part 2 of the journey through the "Bitcoin Threat Model" to be followed by the "Human Threat Model," both by @jwweatherman. An exploration and extensively sourced work on the many different attack vectors and adversarial conditions within the Bitcoin system, their likely effect, and the security measures in place to mitigate them.
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CryptoQuikRead_208 - The Bitcoin Threat Model [Part 1 - JW Weatherman]
Beginning the journey through the "Bitcoin Threat Model" and the "Human Threat Model," both by @jwweatherman. An exploration and extensively sourced work on the many different attack vectors and adversarial conditions within the Bitcoin system, their likely effect, and the security measures in place to mitigate them.
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CryptoQuikRead_207 - Announcing the Casa Browser Extension [Nick Neuman]
A lot of announcements and tons of exciting stuff to talk about in this episode! Plus our read of the just released Casa Browser Extension, inspired by the Lightning Joule extension, which is one of the coolest additions to the Casa suite yet, plus they are now Open Source!! Don't miss an exciting episode with today's QuikRead!
Check out the official announcement article & other posts over at blog.keys.casa. And follow Nick Neuman, Jameson Lopp, Jeremy Welch, Alena Vranova, Blake Neuman and
GuysTake_008 - The Lightning of my TCP, or How the Internet is Too Complex to Work
A 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
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CryptoQuikRead_206 - #Reckless to Wumbology, The Lightning Network Build-Out [Arjun Balaji]
Want to know more about Neutrino, Submarine Swaps, Dual Funded Channels, Atomic Multi-Path Payments, Splicing, Sphinx Send, Eltoo, Channel Factories, Watchtowers, and the incredible list of new products coming for the Lightning Network? Look no further, Arjun Balaji (@arjunblj) & TheBlockCrypto (@theblock__ + @mdudas) brings us a walk through the major developments in Lightning with "From #Reckless to Wumbology."
Don't forget to check out TheBlockCrypto.com and the tons of links to explore in
CryptoQuikRead_205 - Seven Guiding Principles at Casa [Jeremy Welch]
Today we go through a short but awesome run down of the guiding principles at Casa. This company is one to watch very closely over the coming years, and a few things from their recent post make this very clear.
Check out the full article and follow Casa on Medium Here.
Don't forget to grab your Casa BTC/LN Node if you haven't yet, and of course, be sure to follow them on Twitter.
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CryptoQuikRead_204 - Winner Takes All, or Winner Takes Most? [Misir Mahmudov & Yassine Elmandjra]
"Today, there exists over 180 currencies across 195 countries. The reason for such an anomaly is simple: there is no free market for currencies. Currency markets have been restricted by governments in order to maintain financial control."
A great start to a 3 part series by Misir Mahmudov and Yassine Elmandjra. View the full article here, and don't forget to follow the authors on Twitter at @misir_mahmudov & @yassineARK.
Bitcoin: Winner Takes All, Or Winner Takes Most? Listen to find out.
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CryptoQuikRead_203 - Dont Trust, Verify, A Bitcoin Private Case Study [CoinMetrics]
An amazing piece of work from the Coinmetrics.io team using the full node data and some serious digging to uncover the fraudulent minting of over 2 Million BTCP coins! A detailed analysis of how and when the coins were created, and how it managed to go unnoticed for such a long time.
See the article in full plus the accompanying charts and data proving their findings at:
https://coinmetrics.io/bitcoin-private/
Check out the incredible research by the CoinMetrics team at their website and foll
CryptoQuikRead_202 - Satoshi's Vision is a Silly Endeavor [Dan Held]
Taking a dive into an awesome tweetstorm from @danheld about the context, purpose, and beginnings of Bitcoin and whether it meets "Satoshi's Vision," or if it even matters.
Follow Dan on Twitter and check out the full thread below:
https://twitter.com/danheld/status/1084848063947071488
For some more fun regarding Satoshi's Vision and whether BCH is any nearer or further from that ambiguous idea, check out my own article -
How Many Forks Does it Take to Get to the Center of Satoshi's Vision?
What's Really Driving the Cryptocurrency Phenomenon? - The Iterative Capital Thesis
The 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
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GuysTake_007 - Happy Birthday Bitcoin, Looking Back on 10 Insane Years
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!
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CryptoQuikRead_201 - Bitcoin is a Decentralized Organism - Mycelium [Part 1 - Brandon Quittem]
"Bitcoin is a living system constantly changing based on environmental stimuli. True understanding is a moving target unlikely to ever be hit.
Attempting to answer the question “what is bitcoin,” I found exploring parallels to the natural world to be particularly illuminating." - Brandon Quittem
Don't miss this dive into understanding Bitcoin by exploring some of the most powerful systems in the natural world that evolve and survive against all odds. Bitcoin Is A Decentralized Organism by @bquit
CryptoChat_008 - Under the Lightning Hood with @petoveritas, @Crypt0PuraVida, & @CoinBeezy
After setting up and experiencing The Lightning Network firsthand as part of the Casa Node crew and our own little pool of channel liquidity and management, we bring 3 guests on the show to talk all about Lightning, what they are working on, and what they hope for the future. Don't miss this one!
And don't forget to bookmark LightningHood.com (@lightning_hood) for all your Bitcoin & Lightning resources!
Our Guests:
https://twitter.com/Crpt0PuraVida
https://twitter.com/petoveritas
https://twitt
CryptoQuikRead_200 - Why Bitcoin's Lightning Network is Ingenious [Todd Kronenberg]
“by having the double accounting system rely on and be backed up by the triple accounting system you get the throughput of the double with the security and trustlessness of the triple.” -Todd Kronenberg
Don't forget to check out the original article and follow @TK_CodeBear on Twitter and Medium:
https://medium.com/coinmonks/why-bitcoins-lightning-network-is-the-ingenious-10dc1ad9ccae
https://twitter.com/TK_CodeBear
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CryptoQuikRead_199 - Confidential Auditing [Nick Szabo]
"Auditing controls might fairly be called the security protocols of capitalism… [but] auditing is in deep conflict with efforts towards greater privacy." -Nick Szabo
Don't miss a great read and conversation on auditing, confidentiality, privacy, and how Bitcoin has changed the game. Another great piece by @nickszabo4.
This article can be found on Szabo's Blog unenumerated.blogspot.com or at the Nakamoto Institute's website at:
https://nakamotoinstitute.org/confidential-auditing/
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Send in
CryptoQuikRead_198 - Unpacking Bitcoin's Social Contract [Hasu]
"When Satoshi Nakamoto invented bitcoin, he did not invent a new social contract. Satoshi did something else—he leveraged technology to solve many problems of past implementations and implemented the old contract in a new and better way." - @hasufly
Hasu brings us another great article with Part 2 of "The Skeptics Guide to Bitcoin." What becomes clear when we understand both Bitcoin and money as a social contract? Can it answer some of the more complex philosophical debates within the Bitcoin e
GUYSTAKE_006 - 100,000! ANCHOR.FM & MASTERING BITCOIN
We hit a major milestone in the show! Thank you to everyone who has stayed with us and contributed to the show! Today I'm covering the past & future of the show and new things coming to Cryptoconomy.Life!
Feel free to send some satoshis or open a channel with the official Cryptoconomy.Life Lightning Node:
03609e92ab6dff378b6a7aca6f856bf5e9d56cadd622bd402a9b03d9a583c817b5@45.37.168.76
Donate Bitcoin to help the show & provide Liquidity for my #Lightning Node:
31sBReBuAA9QznVRRrcsjdGp9oc4ajnS4t
CryptoQuikRead_197 - An Honest Account of Fiat Money [Hasu & Su Zhu]
"While sovereign money has undeniably led to a lot of abuse, as evidenced by instances of hyperinflation, seizures or capital controls, the absence of all control brings problems of its own."
Today we begin an excellent short series by @zhusu and @hasufl with their article "An Honest Account of Fiat Money." Join us today for a great read followed by my lengthy rant about the ethics of a money susceptible to political inflation. XD
Drop some applause on the article and get a heads up on tomorrow'
CryptoQuikRead_196 - Understanding the Technical Side of Bitcoin [Pierre Rochard]
Curious about where to start or what to possibly focus on when learning Bitcoin, Lightning, and the fundamentals of the most important tools in this ecosystem? Look no further, today we read and discuss Pierre Rochard's excellent piece that breaks it all down.
Don't forget to save the article in your bookmarks for later reference and drop some mad Medium applause for the awesome collection of links: https://medium.com/@pierre_rochard/understanding-the-technical-side-of-bitcoin-2c212dd65c09
Feel
CryptoQuikRead_195 - Estimating and Minimizing Consumer Worry [Nick Szabo]
What are the mental barriers that cause prospective consumers to drop off from interacting with an e-commerce business? How can we measure or estimate the worry caused by excessive forms, ads, and barriers to the content being sought. Another piece by @NickSzabo4 to add to our collection. Don't miss "Estimating and Minimizing Consumer Worry."
Check out this work and many more on Szabo's Blog:https://unenumerated.blogspot.com/2015/10/minimizing-consumer-worry.html
Feel free to send some satoshis
CryptoQuikRead_194 - The Cryptocurrency Phenomenon [Part 9]
"Far from being a novelty or prototype, Bitcoin has shown itself to be a threatening alternative to present-day organizational conventions and to the large commercial businesses that rely on them."
The Epic finale of the piece by the team at Iterative.Capital. Investigating the investment outlook and consequences of a world with Bitcoin. Don't miss the conclusion of "The Cryptocurrency Phenomenon."
Feel free to send some satoshis or open a channel with the official Cryptoconomy.Life Lightning N
CryptoQuikRead_193 - The Cryptocurrency Phenomenon [Part 8]
"Thus, Bitcoin is the first free, non-commercial software project with the intensity of a commercial product."
Today we hit Section 6 of the Iterative.Capital Thesis exploring the incentives and feedback loops that allow the Bitcoin network to accrue value, bring in developers, and expand its hardware environment. Don't miss this one as we approach the conclusion of this thorough work!
Feel free to send some satoshis or open a channel with the official Cryptoconomy.Life Lightning Node:03609e92ab
CryptoQuikRead_192 - The Cryptocurrency Phenomenon [Part 7]
"In practice, the Proof-of-Stake approach proves to be problematic in systems where the coins “at stake” were not created through Proof-of-Work."
Today we explore how Proof-of-Work enables the Bitcoin system to achieve consensus without any central point of control. Concluding Section 5 of the incredible Thesis by iterative.capital, "Machine Consensus Via Proof-of-Work."
Feel free to send some satoshis or open a channel with the official Cryptoconomy.Life Lightning Node:03609e92ab6dff378b6a7aca
CryptoQuikRead_191 - The Cryptocurrency Phenomenon [Part 6]
"How does Bitcoin use a peer-to-peer network of computers to enforce the rules agreed upon by human participants?"
Today we explore how Proof-of-Work enables the Bitcoin system to achieve consensus without any central point of control. Section 5 of the incredible Thesis by iterative.capital, "Machine Consensus Via Proof-of-Work."
Feel free to send some satoshis or open a channel with the official Cryptoconomy.Life Lightning Node:03609e92ab6dff378b6a7aca6f856bf5e9d56cadd622bd402a9b03d9a583c817b5
CryptoQuikRead_190 - The Cryptocurrency Phenomenon [Part 5]
Today we explore how the Bitcoin incentives bring together disparate groups of developers, technical operators, and users to maintain and expand the Bitcoin system in a free and collaborative environment. Continuing with Section 4 of the iterative.capital Thesis on The Cryptocurrency Phenomenon.
Feel free to send some satoshis or open a channel with the official Cryptoconomy.Life Lightning Node:03609e92ab6dff378b6a7aca6f856bf5e9d56cadd622bd402a9b03d9a583c817b5@45.37.168.76
Donate Bitcoin to he
GuysTake_005 - New Video - Casa Node Setup & Router Configuration
A short episode today introducing the video walkthrough of the Initial Setup of the Casa Bitcoin & Lightning Node, and configuring your router to be both accepting requests for blockchain data for Bitcoin & routing payments for Lightning! A must for any Node Operators out there.
Feel free to send some satoshis or open a channel with the official Cryptoconomy.Life Lightning Node:03609e92ab6dff378b6a7aca6f856bf5e9d56cadd622bd402a9b03d9a583c817b5@45.37.168.76
Donate Bitcoin to help the show & provi
CryptoQuikRead_189 - The Cryptocurrency Phenomenon [Part 4]
Today we continue through Section 3 of the Iterative.Capital Thesis on the Cryptocurrency Phenomenon exploring the Open Source process, how free software dominated the internet, and how the hacker movement effectively destroyed the institutional monopoly on research and development.
Check out the other awesome work and subscribe to their newsletter by heading over to iterative.capital
Feel free to send some satoshis or open a channel with the official Cryptoconomy.Life Lightning Node:03609e92ab6
CryptoQuikRead_188 - The Cryptocurrency Phenomenon [Part 3]
Continuing our journey through the incredibly thorough and knowledgeable work by iterative.capital that focuses and clarifies the highly misunderstood narrative around the Cryptocurrency Phenomenon. Don't miss Part 3!
Check out the other awesome work and subscribe to their newsletter by heading over to iterative.capital
Feel free to send some satoshis or open a channel with the official Cryptoconomy.Life Lightning Node:03609e92ab6dff378b6a7aca6f856bf5e9d56cadd622bd402a9b03d9a583c817b5@45.37.168.
CryptoQuikRead_187 - The Cryptocurrency Phenomenon [Part 2]
Continuing our journey through the incredibly thorough and knowledgeable work by iterative.capital that focuses and clarifies the highly misunderstood narrative around the Cryptocurrency Phenomenon. Don't miss Part 2!
Check out the other awesome work and subscribe to their newsletter by heading over to iterative.capital
Feel free to send some satoshis or open a channel with the official Cryptoconomy.Life Lightning Node:03609e92ab6dff378b6a7aca6f856bf5e9d56cadd622bd402a9b03d9a583c817b5@45.37.16
CryptoQuikRead_186 - The Cryptocurrency Phenomenon [Part 1]
Today we start our journey through the incredibly thorough and knowledgeable work by iterative.capital that focuses and clarifies the highly misunderstood narrative around the Cryptocurrency Phenomenon. Don't miss this one!
Check out the other awesome work and subscribe to their newsletter by heading over to iterative.capital
Feel free to send some satoshis or open a channel with the official Cryptoconomy.Life Lightning Node:03609e92ab6dff378b6a7aca6f856bf5e9d56cadd622bd402a9b03d9a583c817b5@45
CryptoQuikRead_185 - Sorry Bitcoin is Still Anarchist [Zack Voell]
"Government involvement is usually limited to mediating the clash between incumbents and innovators. Rarely is government the incumbent." -Zack Voell
Think Bitcoin is apolitical? Think again. You don't want to miss this one by Zack Voell: Sorry, Bitcoin is Still Anarchist
Don't forget to follow Zack and drop some applause on the article over on Medium.
Feel free to send some satoshis or open a channel with the official Cryptoconomy.Life Lightning Node:03609e92ab6dff378b6a7aca6f856bf5e9d56cadd622
CryptoQuikRead_184 - How Many Forks Does it Take to Get to the Center of Satoshi's Vision [Guy Swann
There is this wonderfully vague idea that I endlessly hear about called “Satoshi’s Vision.” I’ve read many differing supposed “visions” of Satoshi’s and the only constant between them is that it was also the opinion of the person explaining it to me.Taking a stroll through the history and development of Bitcoin Cash in my article: How Many Forks Does it Take to Get to the Center of Satoshi's Vision?
Feel free to send some satoshis or open a channel with the official Cryptoconomy.Life Lightning N
CryptoQuikRead_183 - Custody in the Age of Digital Assets [Fidelity Digital]
"What we’re witnessing with digital assets is a move back toward bearer assets — now that users of these protocols have figured out how to trade them quickly, digitally, and without any possibility for the types of errors that lead to costly reconciliation processes." - Fidelity Digital Assets
Plus a few updates regarding the release of our first QuikRead Collection and more fun with the awesome Casa Lightning Node!
Don't forget to drop some major applause on the medium article and follow Fidel
CryptoQuikRead_182 - The Business of Bitcoin Cold Storage [Nik Bhatia]
"As investors reallocate their current investment portfolios to include bitcoin, trillions of dollars in market capitalization appreciation becomes an inevitable result" -Nik Bhatia
Another excellent piece from Nik Bhatia exploring the major developments in the Bitcoin and Digital Assets Management industry. If you aren't bullish yet, you might be after listening to this one.
Drop some applause on the article and follow Nik Bhatia for more great work below:https://medium.com/@timevalueofbtc/t
CryptoQuikRead_181 - Bitcoin's Existential Crisis [Nic Carter]
"If you build a system meant by its very nature to dis-intermediate third parties and exist independent of governments and legal systems, you have an identity problem." -Nic Carter
Another excellent piece by Nic Carter exploring the very idea of identity in a decentralized system and the ongoing battles for the vision of Bitcoin. Don't miss it!Let's see if we can drop another 1,000 claps on his article! Follow the link below and don't forget to follow @nic_carter on Twitter:https://medium.com/s
GuysTake_004 - The First Long Read & Coming Reading List
Another short update episode releasing the very first long read in full! Visit the website to listen, download, or read Szabo's Shelling Out! Plus the upcoming works I'm tackling, and more updates on the way to Cryptoconomy.life
Now Available in Long Form: Shelling Out - The Origins of Money
Support the show:Shop.Trezor.io Affiliate LinkThe Drunkard’s Walk: How Randomness Rules Our LivesMastering Bitcoin
Or Donate To:3Nn8jJSfK2oFherVWQUGXgesvHpzbMckz5
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Send in a voice message: https://podc
Shelling Out - The Origins of Money [Nick Szabo]
"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
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Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message
GuysTake_003 - Casa Node First Impressions & A Few Updates
First impressions of the Casa Node and first issues standing in the way of my Lightning playtime. The pain is real. Plus, a few updates and what we have in the works for Cryptoconomy.Life in this brief GuysTake episode!
Support the show:Shop.Trezor.io Affiliate LinkThe Drunkard’s Walk: How Randomness Rules Our LivesMastering Bitcoin
Or Donate To:3Nn8jJSfK2oFherVWQUGXgesvHpzbMckz5
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Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message
CryptoQuikRead_180 - Bitcoin at 10 [beautyon_]
@Beautyon_ takes us through the realizations & predecessors that set the stage for Bitcoin and the incredible impact this technology has had, and will continue to have on the entire world. #Bitcoin, the revolution, 10 years and running!
Don't forget to check out Beautyon's other work, drop some applause on the article, and follow @Beautyon_ on Twitter:Bitcoin at 10Twitter.com/Beautyon_Youtube.com | Bitcoin Matters Podcast
Support the show:Shop.Trezor.io Affiliate LinkThe Drunkard’s Walk: How Ra
CryptoQuikRead_179 - Shelling Out - The Origins of Money [Part 4 - Nick Szabo]
Part 4! Today we finally conclude Nick Szabo's essential work, Shelling Out: The Origins of Money! A critical piece to understanding money, its rich history, and key properties through the eyes of the cypherpunks who revolutionized it.
Before you do anything else, drop everything a follow @NickSzabo4 on Twitter. And don't forget to check out his other amazing work on his blog:https://unenumerated.blogspot.com/
Also check out the Nakamoto Institute for a collection of reading that provides a sol
CryptoQuikRead_178 - Shelling Out - The Origins of Money [Part 3 - Nick Szabo]
Part 3! of our journey through Nick Szabo's incredible work, Shelling Out: The Origins of Money. A critical piece to understanding money, its rich history, and key properties through the eyes of the cypherpunks who revolutionized it.
Before you do anything else, drop everything a follow @NickSzabo4 on Twitter. And don't forget to check out his other amazing work on his blog:https://unenumerated.blogspot.com/
Also check out the Nakamoto Institute for a collection of reading that provides a solid
CryptoQuikRead_177 - Shelling Out - The Origins of Money [Part 2 - Nick Szabo]
Part 2! of our journey through Nick Szabo's incredible work, Shelling Out: The Origins of Money. A critical piece to understanding money, its rich history, and key properties through the eyes of the cypherpunks who revolutionized it.
Before you do anything else, drop everything a follow @NickSzabo4 on Twitter. And don't forget to check out his other amazing work on his blog:https://unenumerated.blogspot.com/
Also check out the Nakamoto Institute for a collection of reading that provides a solid
CryptoQuikRead_176 - Shelling Out - The Origins of Money [Part 1 - Nick Szabo]
Today we begin our journey through Nick Szabo's incredible work, Shelling Out: The Origins of Money. A critical piece to understanding money, its rich history, and key properties through the eyes of the cypherpunks who revolutionized it.
Before you do anything else, drop everything a follow @NickSzabo4 on Twitter. And don't forget to check out his other amazing work on his blog:https://unenumerated.blogspot.com/
Also check out the Nakamoto Institute for a collection of reading that provides a s
CryptoQuikRead_175 - Open Sourcing Subzero [Alok Menghrajani @CashApp]
Alok Menghrajani, security engineer at Square, details their Multisig & Hardware key management system for the cold storage of customer's Cash app Bitcoin balances. Plus their decision to embrace the principles of the Bitcoin culture and open source their efforts to the benefit of the whole industry.
Check out the blog to applaud the article and see the author's other work, and don't forget to follow @Alokmenghrajani & @CashApp on Twitter:https://medium.com/square-corner-blog/open-sourcing-su
CryptoQuikRead_174 - How Cypherpunks Changed Economics for the Digital Age [Vijay Boyapati]
Vijay Boyapati details in a Twitter thread, the brilliant but subtle shift that cypherpunks discovered in the economic concept of scarcity that made the revolutionary technology of #Bitcoin possible.
Follow Vijay on Twitter and share this thread below:Twitter.com/real_vijayTwitter.com/real_vijay/scarcity_seems_like_a_simple...
Support the show:Shop.Trezor.io Affiliate LinkThe Drunkard’s Walk: How Randomness Rules Our LivesMastering Bitcoin
Or Donate To:3Nn8jJSfK2oFherVWQUGXgesvHpzbMckz5
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CryptoQuikRead_173 - Reimagining Trusted Intermediaries [Avichal Garg]
We are in the midst of a global collapse in trusted institutions. #Bitcoin and blockchain tech enable networks & economies that mitigate dependence on these intermediaries in the world's largest market for trust: Money.
In today’s episode, hear @avichal’s great piece detailing the trends and cultural shifts that have primed the world for a technological revolution.
Twitter.com @avichalReimagining Trusted Intermediaries - @ElectricCapital
Support the show:Looking to Secure your Bitcoin with TREZO
CryptoQuikRead_172 - Bitcoin's Distribution Was Fair [Dan Held]
As Bitcoin continues to succeed against all odds, there are more and more claims of how its “unfair” that early investors have profited. Dan Held argues in an excellent summary that Bitcoin was, and still is, the fairest distribution possible. Today’s CryptoQuikRead!
Don't forget to check out Dan Held on Twitter and his other work:Twitter - @DanHeldArticle: Bitcoin's Distribution Was Fair
Support the show:Looking to Secure your Bitcoin with TREZOR?Shop.Trezor.io Affiliate Link
Or Donate To:3Nn8
CryptoChat_007 - The One and Only @Real_Vijay
Today we chat with @Real_Vijay about Bitcoin maximalism, growing internet censorship, standing up to Google, the troubles of BCH, the fall of Bitmain, and much more!
Don’t miss today's chat with Vijay Boyapati!
Follow him on Twitter so you don't miss the epic Tweet threads and check out his other work:Twitter @real_vijayMedium.com/@vijayboyapatiMises.org Vijay Boyapati
Support the show:Looking to Secure your Bitcoin with TREZOR?Shop.Trezor.io Affiliate Link
Or Donate To:3Nn8jJSfK2oFherVWQUGXgesv
CryptoQuikRead_171 - Mr Fantastic, A Response to Nouriel Roubini’s Senate Testimony [Daniel Goldman]
“It’s a shame, then, given all the things he was saying that indeed needed saying, that the useful shade Roubini throws is sullied by a number of misrepresentations, exaggerations, and outright falsehoods” -Daniel Goldman
Don't miss the awesome work by @DZack23 and others at the Abacus Crypto Journal:The Abacus Crypto Journal
The other episodes/work mentioned within for digging a little deeper:How To Critique bitcoin - A Guide (Nic Carter's FUD dice)CryptoChat_001 With Daniel GoldmanThe Verg Ha
CryptoQuikRead_170 - If Games Drive Crypto Mass Adoption, Then it Will be Grassroots [Tony Sheng]
There seems to be something inherently complementary between scarce digital goods in the video game world, and the systems that ensure the scarcity of cryptocurrency tokens. But do games like Fortnite and other incumbents have any incentive to adopt a crypto model? Today we read Tony Sheng’s article exploring the ins and outs of scarce digital goods, and why if crypto does ever make waves in the gaming world, it will have to start from the ground up.
Don't forget to check out Tony Sheng's other
CryptoQuikRead_169 - Neutrino: The Lighter Side of Lightning [Bryan Vu]
Another awesome post on the Lightning Labs blog, this time breaking down Alice’s search for privacy and a great mobile user experience with Bitcoin. Neutrino might be the solution she has been waiting for! Listen to find out more.
Check out the blog for other information and details on the lnd and desktop wallets! Plus if you aren't following the accounts below on Twitter you are missing out:Neutrino: The Lighter Side of LightningBryan Vu @bvuLightning LabsOlaoluwa Osuntokun @roasbeef
Support
GuysTake_002 - The Lightning App I Want to Use
Lightning is slowly coming into its own. With simple working wallets, and dedicated plug-and-play nodes around the corner, its time to talk about the #LightningNetwork apps that I think could make waves in the early days. Listen to this "Guy's Take" episode to find out more!
Support the show:Looking to Secure your Bitcoin with TREZOR?Shop.Trezor.io Affiliate Link
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Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudib
CryptoQuikRead_168 - Prices Keep us From Squandering Resources [Jacob Dowell]
“this system of prices is not an organized institution or structure that was created by any single person’s design. It was simply a natural consequence of trade between people even before money in a barter economy.” - Hayek
A short article from FEE.org introducing the workings of the market price system by Jacob Dowell.
Links to the article and other great works to dig deeper into this topic of study:How Prices Keep Us From Squandering ResourcesJacob Dowell's pageHuman Action on Mises.orgRober
CryptoQuikRead_167 - Strong Federations & Foundations of Liquid [Johnny Dilley]
Today we read “Strong Federations, Foundation of Liquid, Whitepaper Release,” on Blockstream.com & take a deep dive all about the system that secures the operation of @Blockstream’s Liquid Sidechain. If you want to know more about Liquid, don’t miss this episode!
Check out the official @Blockstream page for more details and the Whitepaper on Strong Federations to dig even deeper into the processes involved in securing the first production #Bitcoin sidechain:https://blockstream.com/2017/01/16/str
CryptoQuikRead_166 - Liquid Network Launch and Thoughts from Lucas Nuzzi
Blockstream's Liquid, a federated, production sidechain, has officially launched with exchanges accounting for more than half of the global Bitcoin exchange volume! In today's episode we read and expand on the official announcement from the Blockstream Blog, as well as dive into what it could mean with a short Twitter thread from @LucasNuzzi. Don't miss a fun episode.
Check out and follow the official @Blockstream Blog and @Excellion to stay up on their incredible work:https://blockstream.com/2
CryptoQuikRead_165 - Why Privacy Matters [Alex Hardy]
Privacy isn’t just about being safe and keeping our data secure, its also a deeply fundamental aspect of being human. The unconscious pressures from being endlessly surveilled create a cage for our minds, killing creativity and expression in place of social conformity and obedience.
Today we read Alex Hardy’s article “Why Privacy Matters"https://proofoftake.substack.com/p/why-privacy-matters-proof-of-take-006https://twitter.com/CantHardyWait
Support the show:Looking to Secure your Bitcoin with
CryptoQuikRead_164 - Bitcoin Optech's Scaling Bitcoin Special
The Bitcoin Optech Newsletter takes a break from their usual technical foray to summarize and discuss the amazing new proposals and technology at the Scaling Bitcoin Conference in Tokyo. Don't miss the awesome stuff in today's episode.
Don't forget to join the Newsletter to stay up to date on the awesome work Bitcoin Optech is doing, and follow them on Twitter:https://bitcoinops.org/en/newsletters/2018/10/09/https://twitter.com/bitcoinoptech
Support the show:Looking to Secure your Bitcoin with
Guy'sTake_001 - Poor in a World with Bitcoin, or Rich in a World Without It?
Would you give up $1,000,000 in Bitcoin today, to guarantee its success and that our future was one of sound, decentralized money? My answer would have to be 'yes,' and here's why.
Support the show:Looking to Secure your Bitcoin with TREZOR?Shop.Trezor.io Affiliate Link
Or Donate To:3Nn8jJSfK2oFherVWQUGXgesvHpzbMckz5
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Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message
CryptoQuikRead_163 - A Cypherpunk's Manifesto [Eric Hughes]
“Privacy is not secrecy. A private matter is something one doesn't want the whole world to know, but a secret matter is something one doesn't want anybody to know. Privacy is the power to selectively reveal oneself to the world.” - Eric Hughes
Required reading for anyone entering and exploring the Cryptoconomy. If you are looking for the ideas that brought this technology to life and started a movement, and now a technological revolution. Here is Eric Hughes' declaration of intent, A Cypherpun
CryptoQuikRead_162 - The Untold History of Bitcoin, Enter The Cypherpunks [Petri Basson]
“Although there was never complete agreement on any one thing, this was an open forum where personal privacy and personal liberty were ultimately placed above all other considerations.” -@PetriB2
Check out Petri's work and follow him on Medium and Twitter (and drop some appluase for this article) at the links below:https://medium.com/swlh/the-untold-history-of-bitcoin-enter-the-cypherpunks-f764dee962a1https://medium.com/@Petri.basson/https://twitter.com/PetriB2
Support the show:Looking to Secure
CryptoQuikRead_161 - Bitcoin, The Untold History [Petri Basson]
“I have always believed that to really understand something and where it is going, you have to understand where it came from.” -@PetriB2
Today we read the first of Petri's short series on the untold history of Bitcoin and the blockchain. Plus, my experiences with Bittorrent and first discovering Bitcoin.
Check out the full article and his other work on his LinkedIn and/or his medium page:https://www.linkedin.com/pulse/untold-history-blockchain-petri-basson/https://medium.com/@Petri.basson/the-un
CryptoQuikRead_160 - Bitcoin, Blockade Runner of the Information Age [CarCampit]
“The dissent did not come in the form of a parchment scrawled with a feathery pen or an assembly of diplomats, but in the form of the Blockade Runner. These ships were built for two things: speed and capacity, in that order.” -@CarCampIt
Check out the full article here:https://www.blockdelta.io/bitcoin-blockade-runner-of-the-information-age/
Follow him on Twitter and don't forget to check out the Friends Against Government Podcast:https://twitter.com/CarCampIthttps://friendsagainstgovernment.po
CryptoQuikRead_159 - Bitcoin, Chance, and Randomness [Part 2 - Hugo Nguyen]
"Numbers generated by such a process are deterministic, but they pass statistical tests of what is considered “random”. Pseudorandomness, in turn, became one of the building blocks of a brand new field — also a child of the computer age: modern cryptography.” - Hugo Nguyen
Check out Part 2 on Hugo's article series and drop some appluase for the excellent work:https://medium.com/@hugonguyen/bitcoin-chance-and-randomness-ba49a6edf933
Follow him on Twitter and Medium:https://twitter.com/hugohanoih
CryptoQuikRead_158 - Anatomy of Proof of Work [Part 1 - Hugo Nguyen]
“By attaching energy to a block, we give it “form”, allowing it to have real weight & consequences in the physical world… In other words, PoW is the bridge between the digital & the physical.” - Hugo Nguyen
Today we read Part 1 of Hugo Nguyen's series on Bitcoin's Fundamentals.Drop some applause on the full article and follow Hugo on Medium and Twitter:https://bitcointechtalk.com/the-anatomy-of-proof-of-work-98c85b6f6667https://twitter.com/hugohanoi
Support the show:Looking to Secure your Bitco
CryptoQuikRead_157 - The Bitcoin Central Bank's Perfect Monetary Policy [Pierre Rochard]
“The BCB enforces the strictest deposit regulations in the world by requiring full reserves for all accounts. This is the digital equivalent of the Chicago Plan or the Austrian 100% reserve gold standard.” -Pierre Rochard
Looking for every significant piece of literature on Bitcoin, Cryptography, and the Cypherpunks? You can find pretty much all of it at the Nakamoto Institute:https://nakamotoinstitute.org/mempool/the-bitcoin-central-banks-perfect-monetary-policy/
Follow Pierre Rochard on Twitte
CryptoQuikRead_156 - Features of the Casa Node [Michael Borglin]
Autopilot, Channel Names, Verify from Scratch, Node Nicknames and more. Hear about the features in the new Casa Bitcoin and Lightning node!
Check out the full article and follow @CasaHODL on Medium and Twitter so you don't miss the other incredible things the team is building:https://medium.com/casa/features-of-the-casa-node-884f702e2164
Check out the Cases Store and get your own Lightning Node!https://store.casa/
Support the show:Looking to Secure your Bitcoin with TREZOR?Shop.Trezor.io Affili
CryptoQuikRead_155 - POW is Efficient [Dan Held]
"The Cryptopocalypse is coming — Bitcoin’s (PoW) is so bad that it’s going to destroy the world in 2020!" -DanHeld
Is Bitcoin's energy consumption going to destroy the world... or not?Clap for the article on Den Held's Medium page:https://medium.com/@danhedl/pow-is-efficient-aa3d442754d3
Check him out on Twitter:https://twitter.com/danheld
Support the show:Looking to Secure your Bitcoin with TREZOR?Shop.Trezor.io Affiliate Link
Or Donate To:3Nn8jJSfK2oFherVWQUGXgesvHpzbMckz5
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CryptoQuikRead_154 - Electric Money [Bitcoin's POW #4 - LaurentMT]
“No equation, no chart in this fourth part. Just a short discussion about the total cost of Bitcoin’s PoW. It will offer us the opportunity to introduce another fundamental property of PoW which makes it truly unique.” -LaurentMT
Check out the full series (and drop some applause) plus other amazing work from @LaurentMT on his Medium page:https://medium.com/@laurentmt/electric-money-e2cd34f78f56
Follow @LaurentMT on Twitter:https://twitter.com/LaurentMT
Support the show:Looking to Secure your Bit
CryptoQuikRead_153 - Cliffhangers [Bitcoin's POW #3 - LaurentMT]
“In this third part, we’re going to focus on a slightly different question: “Is the system running at its optimum?” -LaurentMT
Check out the full article to explore the charts and graphics illustrating his arguments and metrics (and don't forget to drop applause for the excellent work):https://medium.com/@laurentmt/cliffhangers-cb87ed47124e
Follow @LaurentMT on Twitter:https://twitter.com/LaurentMT
Support the show:Looking to Secure your Bitcoin with TREZOR?Shop.Trezor.io Affiliate Link
Or Don
CryptoQuikRead_152 - Yin and Yang of Bitcoin [Bitcoin's POW #2 - LaurentMT]
Listen to @Laurentmt's article explaining how the Yin and Yang of Bitcoin, Hodling & Mining, affect the efficiency of the system and how they drive the system's dynamics.
Don't forget to drop some applause on the article and check out the author's other awesome work here:https://medium.com/@laurentmt/the-yin-and-yang-of-bitcoin-bf056f3fd58c
Support the show:Looking to Secure your Bitcoin with TREZOR?Shop.Trezor.io Affiliate Link
Or Donate To:3Nn8jJSfK2oFherVWQUGXgesvHpzbMckz5
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CryptoQuikRead_151 - Gravity [Bitcoin's POW #1 - LaurentMT]
“At last, we have derived two metrics which both suggest that contrary to a widespread opinion, Bitcoin’s PoW is actually becoming more and more efficient.” -@Laurentmt
Listen to Part 1 of @Laurentmt’s excellent series introducing the fundamental characteristics and value proposition of Bitcoin’s POW function.
Don't forget to drop some applause on the article and check out the author;s other awesome work here:https://medium.com/@laurentmt/gravity-10e1a25d2ab2
Support the show:Looking to Secure
CryptoQuikRead_150 - Why I wrote PGP [Phil Zimmerman]
“If we do nothing, new technologies will give the government new automatic surveillance capabilities that Stalin could never have dreamed of. The only way to hold the line on privacy in the information age is strong cryptography.” -Phil Zimmerman
Explore this article & the immense collection of other works at the Nakamoto Institute:https://nakamotoinstitute.org/why-i-wrote-pgp/
Support the show:Looking to Secure your Bitcoin with TREZOR?Shop.Trezor.io Affiliate Link
Or Donate To:3Nn8jJSfK2oFher
CryptoChat_006 - TheOneVortex on Building for Bitcoin
Building applications, expanding alternative media, software is eating the world, what's inside the ICOs & altcoins, the future of Bitcoin, the Lightning Network, and the revolution this technology could bring!
Don’t miss our chat with @TheOneVortex!Check out the incredible work he & others are doing to expand access and development in the #Bitcoin space:http://theonevortex.com/https://programmingwithbitcoin.com/http://www.cryptocast.network/
Support the show:Looking to Secure your Bitcoin with
CryptoQuikRead_149 - Bitcoin as a PrivacyCoin
“Ever since its inception Bitcoin has never really been private…. Fortunately, spying on Bitcoin users is becoming increasingly difficult.” - Aaron Van Wirdum
Listen to another great read on Bitcoin Magazine about the amazing tech available today, and yet to come that will make #Bitcoin the true PrivacyCoin of the future.
Check out the article and explore the many links on Bitcoin Magazine here:https://bitcoinmagazine.com/articles/bitcoin-privacycoin-tech-making-bitcoin-more-private/
Don't forge
CryptoQuikRead_148 - Bitcoin as a Conflict Prevention Protocol
“To borrow from Nick Szabo, Bitcoin is a socially scalable, conflict preventing protocol.” - Tuur Demeester
Today we read an excellent Tweet Storm from Tuur Demeester about #Bitcoin and what makes it a true monetary revolution.
Check out the full post here:https://twitter.com/TuurDemeester/status/1009825254024335361
Don't forget to also follow:https://twitter.com/real_vijayhttps://twitter.com/KoenSwinkels
Support the show:Looking to Secure your Bitcoin with TREZOR?Shop.Trezor.io Affiliate L
CryptoQuikRead_147 - How to Critique Bitcoin, A Guide
"You’ve heard of Bitcoin. You do not like it... It relies on curious, antiquated ideas like sound money, peer-to-peer networking, the abolition of seignorage, and censorship-resistance. It is profoundly distasteful." -nic carter
Don't waste anymore time trying to decide which criticism of Bitcoin to write about and outsource it with the Bitcoin FUD dice! A fun piece from Nic that holds a painful degree of truth. Check out the shop to buy your own FUD dice using #Lightning payments:FUDdice.shop
CryptoQuikRead_146 - The Three Economic Eras of Bitcoin
"The Third Era will start with civil war" -Rusty Russell
The future economic reality of the Bitcoin ecosystem has been hard-coded into the consensus since the very first block. The inevitable pains that the future will bring should not surprise us. Listen to Rusty Russell's discussion of Bitcoin's three economic eras.
Check out the full article and lengthy list of footnotes for clarifications and further reading:https://medium.com/@rusty_lightning/the-three-economic-eras-of-bitcoin-d43bf0cf058
CryptoQuikRead_145 - Giacomo on SPV and Digital Coinage
“We shouldn't make full nodes harder to run, EVER” -@giacomozucco
Listen to the tweet storm laying out exactly why a responsible #Bitcoin maximalist should hold this view in today’s #CryptoQuikRead!
See the original Tweet storm and Follow Giacomo Zucco below:https://twitter.com/giacomozucco/status/1009281116837175296
Support the show:Looking to Secure your Bitcoin with TREZOR?Shop.Trezor.io Affiliate Link
Or Donate To:3Nn8jJSfK2oFherVWQUGXgesvHpzbMckz5
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Send in a voice message: https://po
CryptoQuikRead_144 - SegWit2x Bugs Explained
The infrastructure and businesses in the Cryptoconomy are set to have a massive shift in the coming months. The #Bitcoin ecosystem may be difficult to recognize in the near future. that makes it critical not to forget the lessons our short but eventful history has taught us so far. Today we read Jimmy Song’s article on Segwit2x, and how industry leaders almost killed Bitcoin.Drop applause on the original article and explore further reading on this by checking it out on Medium:https://bitcoint
CryptoChat_005 - Brady Swenson on Being an Informed Bitcoin Citizen
Hashing out all the major pain points, who to trust, building your filter, and where to start when it comes to learning everything about Bitcoin today! Don't miss a fun chat with @CitizenBitcoin.
Check out the podcast over at:https://citizenbitcoin.world/
The exciting developments I shared from the intro can be found here:https://medium.com/casa/announcing-the-casa-lightning-node-596df7a7427https://store.casa/lightning-node [Store]https://t.me/SamouraiWallet [Telegram]https://samouraiwallet.com
CryptoQuikRead_143 - The Time Value of Bitcoin
“Lightning Network provides a framework to measure the time-value of bitcoin, a precursor for a capital market and reserve currency status.” -Nik Bhatia
Today we jump back into @timevalueofbtc’s 4 part series with Part 2, ”The Time Value of Bitcoin.”
Don't forget to check out his many other articles and discussion on building financial markets in the Bitcoin ecosystem. Applaud the original article here:https://medium.com/@timevalueofbtc/the-time-value-of-bitcoin-3807b91f02d2
Don't miss the ot
CryptoQuikRead_142 - Chaincode’s Residency Program Is Back, This Time With Lightning
-- “Lightning is a promising technology, but right now, very few people are fluent with it,” Chaincode Labs engineer James O’Beirne told Bitcoin Magazine.--
Another great piece form Amy Castor at Bitcoin Magazine. Today we read “Chaincode’s Residency Program is Back, This Time with Lightning”
Check out the article and the incredible work happening over at @BitcoinMagazine:https://bitcoinmagazine.com/articles/chaincodes-residency-program-back-time-lightning-app-classes/Explore the long list of Am
CryptoQuikRead_141 - Fat Protocols Aren't New
“People have speculated on what a future with fat protocols will look like. File sharing protocols aren’t exactly the same, but they have a lot of similarities we can learn from.” @backus
Today we read one from John Backus about the history of P2P file sharing protocols and what the #Bitcoin and #Crypto communities could learn from it.Appluad the article on Medium and follow the enormous number of links for further exploration:https://medium.com/@jbackus/fat-protocols-arent-new-42d2c538db41
Su
CryptoQuikRead_140 - Lightning Network 2.0 [Part 2]
“That’s right: while we’re here still trying to wrap our minds around Layer 2 solutions, these mad scientists are already proposing a system with three layers” @DZack23
Today we conclude the incredible piece by Daniel Goldman on the new tools of "The Lightning Network 2.0" [Part 2].
Check out the full article, @DZack23's other work, and tons more at The Abacus Crypto Journal:https://blog.theabacus.io/lightning-network-2-0-b878b9bb356ehttps://blog.theabacus.io/
Mentioned in the Episode:https://t
CryptoQuikRead_139 - Lightning Network 2.0 [Part1]
“Thing is, as these debates rage on, there’s a community of developers coming up with new ideas and, ya know, actually building stuff.” @DZack23
Today we explore a breakdown of the specific limitations of Lightning, and technologies being built to break through them, with Part 1 of The Lightning Network 2.0 by Daniel Goldman.
Check out the full article, @DZack23's other work, and tons more at The Abacus Crypto Journal:https://blog.theabacus.io/lightning-network-2-0-b878b9bb356ehttps://blog.th
CryptoQuikRead_138 - Traditional Bitcoin Mixers
"Thinking about it, isn’t it ironic that, over the past years I wrote about every Bitcoin privacy technique in existence, except the one that 99% of all users use?" @nopara73
Today we dive into a great short article on traditional Bitcoin mixing servies from the ultimate in Privacy development @nopara73! Don't miss this one to close out the week :)
Check out the full article and his other work on Medium:https://medium.com/@nopara73/traditional-bitcoin-mixers-6a092e59d8c2
Wasabi Wallet (Zerolin
CryptoQuikRead_137 - Half of the Remaining Bitcoin Supply is 'Spoken For'
"At least 99M People intend to own crypto, but don’t yet." @RyanRadloff
A fun exploration by Ryan Radloff on the different demographics who intend to invest in Bitcoin & Crypto, and what might drive the next Bitcoin adoption cycle.Drop some applause on the medium article and check out the CoinShares Blog:https://medium.com/coinshares/half-of-the-remaining-non-minted-bitcoin-supply-is-spoken-for-10df2a45e45d
Support the show:Looking to Secure your Bitcoin with TREZOR?Shop.Trezor.io Affiliate Li
CryptoQuikRead_136 - The Panama Canal and The Bitcoin Lightning Network
"So instead, I'm going to tell a story that makes the function of the Lightning Network less abstract and hopefully, easier to picture in your mind. We will do this by explanation of the system that runs The Panama Canal." @TheCryptoconomy
Dont forget to drops some applause on my article if you enjoyed this episode and feel free to support my work by donating below!https://medium.com/@thecryptoconomy
Support the show:Looking to Secure your Bitcoin with TREZOR?Shop.Trezor.io Affiliate Link
CryptoQuikRead_135 - The Hard Thing About Learning Hard Things
“In the end, learning is both science and art. It is science when your domain is structured, and art when it is not.” @Hosseeb
Don’t miss today’s episode about learning the things that no one can teach you. Reading “The Hard Thing About Learning Hard Things” by Haseeb Qureshi.
Drop some Applause at the full article on the freecodecamp.org Medium publication:https://medium.freecodecamp.org/the-hard-thing-about-learning-hard-things-168e655ac7f2
Explore a ton of other awesome work by Haseeb Qureshi
CryptoQuikRead_134 - Welcome to Bitcoin Island
"Forget currencies and commodities… perhaps the right analogy for Bitcoin is LAND!" Flashback from 2014 with @gendal in an analogy that presents a unique and interesting perspective of what it means to own a Bitcoin. Today's QuikRead, "Welcome to Bitcoin Island!"Check out @gendal's blog for other great work and see the original article:https://gendal.me/2014/03/29/welcome-to-bitcoin-island/
Support the show:Looking to Secure your Bitcoin with TREZOR?Shop.Trezor.io Affiliate Link
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CryptoQuikRead_133 - Governments and Central Banks Should Look to Gold not Crypto
"...The age of controlled money had arrived — and with it, world wars, depression and inflation, enormous government indebtedness, and the rise of leviathan states that learned to print their way to power and riches." -Jeffrey Tucker
Check out the article plus other great work at the American Institue for Economic Research:https://www.aier.org/article/governments-and-central-banks-should-look-gold-not-crypto#.W2mLSFKB_D8.twitter
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CryptoQuikRead_132 - The Bitcoin Second Layer
“This makes Lightning Network an absolute game changer for the entire concept of capital markets: income without explicit counterparty default risk.” @timevalueofbtc
Don't miss Nik Bhatia's other excellent work on his Medium page, and give a round of applause for today's article:https://medium.com/@timevalueofbtc/the-bitcoin-second-layer-d503949d0a06
Support the show:Looking to Secure your Bitcoin with TREZOR?Shop.Trezor.io Affiliate Link
Or Donate To:3Nn8jJSfK2oFherVWQUGXgesvHpzbMckz5
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CryptoQuikRead_131 - BCH Update: Bitmain, BCH, the IPO & What it All Actually Means
“It is impossible for Bitmain to divest their BCH holdings onmarket. Full stop. The BCH markets are not liquid enough to absorb the amount of coins Bitmain is still holding” -@CryptoHerpesCat
Follow Crypto Herpes Cat on Twitter:https://twitter.com/CryptoHerpesCat
Check out the full article and @CryptoHerpesCat Medium page for more excellent work:https://medium.com/@btcWolves/a-bch-update-bitmain-bch-the-ipo-what-it-all-actually-means-354220b86ac3
Support the show:Looking to Secure your Bitcoin
CryptoQuikRead_130 - Media Coverage of Bitcoin is Still a Total Disaster
“I’m going to expose the Washington Post/Wonkblog piece for the nonsensical ramble that it is… in short, it relies on mistaken assumptions to paint a misleading picture of the world.” -Nic Carter
Read the full article and explore the many great links and resources:https://medium.com/@nic__carter/media-coverage-of-bitcoin-is-still-a-total-disaster-7d0d34d98971
Check out Nic's full medium page of other work:https://medium.com/@nic__carter
Support the show:Looking to Secure your Bitcoin with TREZ
CryptoQuikRead_129 - Responsible Disclosure in the Era of Cryptocurrencies
“On April 25, 2018, I anonymously and privately disclosed a critical vulnerability in Bitcoin Cash, one of the world’s most valuable cryptocurrencies…” - Cory Fields
Hear the full story in today’s read of Core dev Cory Fields' recount of the events.
Check out the full article here:https://medium.com/mit-media-lab-digital-currency-initiative/http-coryfields-com-cash-48a99b85aad4
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Or Donate To:3Nn8jJSfK2oFhe
CryptoQuikRead_128 - What Will Bitcoin Look Like in 20 Years? [Part 2]
Will hundreds of coins flourish? Will economic thought change completely? Will it be a force for good or evil? And will Bitcoin even survive? All this and more in the second half of Daniel Jeffries great piece on the Future of Bitcoin!
Don't miss his other great article on Hacker Noon, plus the many links and further reading in today's article:https://hackernoon.com/what-will-bitcoin-look-like-in-twenty-years-7e75481a798c
Support the show:Looking to Secure your Bitcoin with TREZOR?Shop.Trezo
CryptoQuikRead_127 - What Will Bitcoin Look Like in 20 Years? [Part 1]
Will the price increase forever? Will government currencies be a thing of the past? Will there be a singular, global economy? And how do we make interesting predictions in the first place? All this and more in the first half of Daniel Jeffries great piece on the Future of Bitcoin.
Don't miss his other great article on Hacker Noon, plus the many links and further reading in today's article:https://hackernoon.com/what-will-bitcoin-look-like-in-twenty-years-7e75481a798c
Support the show:Looking
CryptoQuikRead_126 - Bitcoin, We Don't Expect New Highs in 2018
Price prediction is a tricky game, but there is some fundamental analysis that may tell us more about the broad trends. Tuur Demeester looks at retail interest, institutional hesitancy, and Metcalf's law for a current perspective in: "Bitcoin: We Don't Expect New Highs in 2018."
Don't forget to applaud+follow+check out the charts and data with the full article:https://medium.com/@tuurdemeester/bitcoin-we-dont-expect-new-highs-in-2018-97e6a7a385f7
Support the show:Looking to Secure your Bitcoin
CryptoQuikRead_125 - Why Money Has Value & Spending Bitcoin is Senseless
Mises' and Menger’s theories of money provide deep insight, but invariably never attempted to rank the functions of money during its period of establishment. To fill the gap, Fernando Ulrich explains why he believes a Store of Value must arise before a money becomes a Medium of Exchange.Don't forget to clap for the article on Medium and check out the rest of this series:https://medium.com/@Ulrich_98986/why-money-has-value-and-spending-bitcoin-is-senseless-d2390127dc34
Support the show:Looking
CryptoQuikRead_124 - ASIC Resistance is Nothing but a Blockchain Buzzword
Is ASIC resistance really the panacea that some claim it is? Will it solve the never ending challenges of a decentralized network? Or is it just a buzzword used to sell Bitcoin alternatives? Find out in @StopAndDecrypt's thorough piece on ASIC resistance.
Check out the medium page for the links and graphics, plus drop some applause for the excellent work:https://medium.com/@StopAndDecrypt/asic-resistance-is-nothing-but-a-blockchain-buzzword-b91d3d770366
If you would like to hear the reference
CryptoQuikRead_123 - I, Pencil [Leonard E. Read]
In 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:
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CryptoQuikRead_122 - "The Yield From Money Held" Reconsidered
What if “hoarding” money is both realizing its most important utility, and stabilizing in an uncertain economy? If true, how could the exact opposite belief be so widespread? Don’t miss our read from Hans Hermann Hoppe on Mises.org to find out more!
Check out the full article plus an exhaustive collection of economic theory at Mises.org:https://mises.org/library/yield-money-held-reconsidered
Support the show:Looking to Secure your Bitcoin with TREZOR?Shop.Trezor.io Affiliate Link
Or Donate T
CryptoChat_004 - John Wolpert on Blockchain, Identity, Trust, and a New Internet
Taking a break from Bitcoin maximalism to have a chat with John Wolpert (@Consensys, @IBMblockchain, @Hyperledger) for what consensus protocols and blockchain can do for the future of decentralization, trust, and privacy! Don’t miss today’s episode!
Don't forget to check him out on Twitter and Medium:https://twitter.com/jwolperthttps://medium.com/@jwolpert
Support the show:Looking to Secure your Bitcoin with TREZOR?Shop.Trezor.io Affiliate Link
Or Donate To:3Nn8jJSfK2oFherVWQUGXgesvHpzbMckz5
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CryptoQuikRead_121 - Ethereum, Fomo3D, and Dangerous Game Theory
“This game, underlying FOMO3D (F3D), is called “The War of Attrition” and it can produce some insanely irrational outcomes… Human beings tend to play terribly and lose.” Don't miss Matt Stephenson's great piece on how FOMO3D exploits "dangerous game theory."
Dont forget to applaud the article on medium and dig a little deeper with part 2:https://hackernoon.com/fomo3d-and-dangerous-game-theory-97bd5f47ab3b
Part 2:https://blog.coinfund.io/can-a-good-smart-contract-beat-blockchains-new-12m-ponzi-y
CryptoQuikRead_120 - Visions of Bitcoin
Many different and often conflicting ideas of what Bitcoin is, and what it's future should be, have emerged throughout the years. Here @nic_carter's and @hasufl's exploration of past, present, and future narratives that molded Bitcoin into what it is today.
Don't forget to clap for the article on Medium and check out the graphs and timeline visualizing the Bitcoin narrative history:https://medium.com/@nic__carter/visions-of-bitcoin-4b7b7cbcd24c
Check out both of their Medium pages for more grea
CryptoQuikRead_119 - Deep Dive into ETF Disapproval and SEC Commissioner's Dissent
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
CryptoQuikRead_118 - Securing Property with Owner Authority
Bitcoin is the first truly decentralized registry for property ownership. The first application of which is value in its most abstract form, money. But how can we extend this to physical property and titles outside of political institutions? Who better to explore the topic with than Nick Szabo (@nickszabo4)? “Securing Property Titles with Owner Authority.”
Check out other detailed work on this concept and more with the excellent collection of literature at the Nakamoto Institute:https://nakamo
CryptoQuikRead_117 - How Central Banking Increased Inequality
With the huge number of conversations and claims of income inequality, the central banking monetary policy, which directly benefits the wealthy and financial sector, is almost entirely ignored. What if it's the largest piece of the inequality puzzle? Listen to Louis Rouanet’s piece from Mises.org.
Check out the full article and other amazing content from Mises.org:https://mises.org/library/how-central-banking-increased-inequality
Support the show:Looking to Secure your Bitcoin with TREZOR?Sh
CryptoQuikRead_116 - Coindesk & Jake Chervinsky on the Bitcoin ETFs
Today we have a dual QuikRead with Nikhilesh De's Coindesk article regarding the Direxion ETF and the SEC's decision to postpone until September. Plus Jake Chervinsky's comments and clarification on SEC processes in his informative Twitter thread. Listen for more details!
Check out the full @Coindesk article by @nikhileshde:https://www.coindesk.com/sec-delays-decision-on-direxions-bitcoin-etfs-until-september/
Link to @jchervinsky's Twitter thread:https://twitter.com/jchervinsky/status/102179522
CryptoChat_003 - Nik Bhatia on The Future of Bitcoin Financial Markets
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) Me
CryptoQuikRead_115 - Announcing Bitcoin OpTech
“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
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CryptoQuikRead_114 - Schnorr Poised to Become Bitcoin's Biggest Change Since SegWit [Alyssa Hertig]
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-bigg
CryptoChat_002 with The Friends Against Government Podcast [CarCampit]
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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CryptoQuikRead_113 - The Dawn of Trustworthy Computing [Nick Szabo]
“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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CryptoQuikRead_112 - Wasabi Privacy Focused Bitcoin Wallet [@nopara73]
“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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CryptoQuikRead_111 - Genesis Files - With Bit Gold, Nick Szabo Was Inches From BTC [Aaron Van Wirdum]
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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CryptoQuikRead_110 - Adversaries, Distributed Ledgers, and Decentralization [Sarah Jamie Lewis]
“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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CryptoQuikRead_109 - The Bitcoin Risk Spectrum [Nik Bhatia]
"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
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CryptoQuikRead_108 - Bitcoin Governance [Pierre Rochard]
"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
CryptoChat_001 with Daniel Goldman - Verge, Digital Gold, Forks, and Going Down the Rabbit Hole
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 - (@NickSza
CryptoQuikRead_107 - If Bitcoin Had a First Draft, Wei Dai's B-Money Was It [Aaron Van Wirdum]
"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/
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CryptoQuikRead_106 - Working Alone [Jill Carlson]
“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
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CryptoQuikRead_105 - Why You Can’t Understand Bitcoin [@Beautyon_]
"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
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CryptoQuikRead_104 - Crypto-Incrementalism vs Crypto-Anarchy [Tony Sheng]
“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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CryptoQuikRead_103 - Crypto Commons [Mike Maples]
“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
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CryptoQuikRead_102 - Casa's Privacy Model
“While we have no intention of providing custodial services to our users, we do wish to provide financial software and services that help facilitate our users in their quest for financial sovereignty.” @lopp
@lopp@jeremyrwelch@CasaHODL
Check out the article and the Casa Blog on Medium:
https://medium.com/casa/casa-privacy-model-ee6d1a08fd82
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CryptoQuikRead_101 - How Easy it is to Buy ICO Ratings [Markus Hartmann]
“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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CryptoQuikRead_100 - Dandelions and a Bright Future for Bitcoin Privacy
Episode 100!!“I think we will soon witness the flood of innovation that Andreas Antonopolous said would be a natural result of this permission-less network.” -@TheCryptoconomy
Check out my medium page and the full article here:
https://medium.com/@thecryptoconomy/dandelions-and-a-bright-future-for-bitcoin-privacy-712dbc4b1ec5
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CryptoQuikRead_099 - Announcing C-Lightning 0.6 [Christian Decker]
“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
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CryptoQuikRead_098 - The Challenges of Building Ethereum Infrastructure
“This week I learned you can start syncing an archival Ethereum node, travel completely around the world, and it still won’t be finished.” -@lopp
Today’s Quik Read is from Jameson Lopp on his experiences with Ethereum infrastructure.
Link to the full article and Lopp's Medium page:
https://medium.com/@lopp/the-challenges-of-building-ethereum-infrastructure-87e443e47a4b
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CryptoQuikRead_097 - I HODL
Price got you down? Don’t forget why we are here. From @davidcbennett, we read ”I Hodl.”
Link to the article on Steemit:
https://steemit.com/bitcoin/@davidcbennett/i-hodl
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CryptoQuikRead_096 - Giacomo's Tweetstorm, Coinage in the Age of Bitcoin
"So, what people call "SPV" today, is actually the practice of trusting the hashrate majority not JUST to prevent doublespending, but to properly verify and enforce Bitcoin rules." @giacomozucco
The Twitter Thread:
https://twitter.com/giacomozucco/status/1009281116837175296
Thread Reader Unrolled:
https://threadreaderapp.com/thread/1009281116837175296.html
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CryptoQuikRead_095 - The Genesis Files: Hashcash or How Adam Back Designed Bitcoin's Motor Block
"It was around this time — 1997, close to the [cypherpunk mailing] list’s peak popularity — that Back submitted his Hashcash proposal." @AaronvanW @BitcoinMagazine
Today we read the second in Aaron Von Wirdum's "Genesis Files" series titled "Hashcash or How Adam Back Designed Bitcoin's Motor Block." Another excellent dive into the critical components and contributions that made Bitcoin possible.Check out the full article at Bitcoin Magazine:https://bitcoinmagazine.com/articles/genesis-files-hash
CryptoQuikRead_094 - Let's Do the Time Warp Again, Verge Hack Part Deux
“While patching the first hack, they seem to have initially wanted to decrease the time drift to 15 minutes, but things kept… going wrong.”
Listen to the next installment in the Verge Hack fiasco from Daniel Goldman + Abacus Crypto Journal
Link to the full article:https://blog.theabacus.io/lets-do-the-time-warp-again-the-verge-hack-part-deux-c6396ab36ecb
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CryptoQuikRead_093 - The Importance of Layer 2
"the most pressing issue in cryptocurrency and blockchain technology right now is, how are we going to achieve the original vision of blockchains as open, decentralized networks while scaling to reach a billion people?" @neha
Today we read @neha’s The Importance of Layer 2:
https://medium.com/mit-media-lab-digital-currency-initiative/the-importance-of-layer-2-105189f72102
Video of full L2 Summit presentations and discussion:
https://www.youtube.com/watch?v=jzoS0tPUAiQ
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CryptoQuikRead_092 - The Truth About Smart Contracts
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Are smart contracts really the trustless panacea that we all dream they are? Or are there serious and often insurmountable challenges that too many ignore? Find out more in @JimmySong’s excellent article on the Truth About Smart Contracts.
Don't forget to check ou the full article, multiple funny comic strips included, as well as Jimmy Song's other great work:https://medium.com/@jimmysong/the-truth-about-smart-contracts-ae825271811f
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CryptoQuikRead_091 - BetterHash Aims to Increase Bitcoin Mining Decentralization
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@TheBlueMatt has introduced a new protocol to re-decentralize the vulnerability of mining pools. Listen to @dantwany’s article breaking down what this could mean for the future of Bitcoin.
Check out the website for further links and other articles on Bitcoin news and development:
https://news.buybitcoinworldwide.com/betterhash-aims-to-increase-bitcoin-mining-decentralization/
Tales From the Crypto #31 with @TheBlueMatt:https://talesfro
CryptoQuikRead_090 - Sharding Centralizes Ethereum [StopAndDecrypt]
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
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CryptoQuikRead_089 - Bitcoin Magazine’s Week in Review: Looking to the Past and the Future
Covering the weeks top stories with Bitcoin Magazine’s Week in Review - Looking to the Past and the Future. Listen to today’s episode from Shawn Gordon and subscribe to hear all the best articles in the Cryptoconomy space.Don't forget to click the link for the other great work from @bitcoinmagazine and Shawn Gordon:https://bitcoinmagazine.com/articles/bitcoin-magazines-week-review-looking-past-and-future/
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CryptoQuikRead_088 - Feared 51% Attacks Are Now Becoming Regular
The once-feared 51% attack of POW security has recently moved from a theoretical vulnerability to a common occurrence. Today we read and discuss an article from @AlyssaHertig with @coindesk exploring recent events and what they might mean for the cryptoconomy at large. Listen for more.
Links to the article and relevant resources:https://www.coindesk.com/blockchains-feared-51-attack-now-becoming-regular/https://www.crypto51.app/Mentioned in the commentary: @DZack23@parabolictrav@goorha
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CryptoQuikRead_087 - Introducing Bitcoin Contract Governance
Another from @goorha and @parabolictrav detailing the application and incredible potential of Bitcoin's contractual governance. A truly global and open platform for economic organization. Don't miss this one!
Link to the full article and @parabolictrav's medium page:https://medium.com/@parabolicinvestor/introducing-bitcoin-contract-governance-d28eb046ce8b
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CryptoQuikRead_086 - Build the Bitcoin Economy, The Complete Contract Governance Platform
Is Bitcoin a new asset class, a fancy way to buy coffee, digital sound money, or something entirely different and more fundamental? Listen to the article by Prateek Goorha (@goorha) and Parabolic Trav to dive into the future of contracts.
Be sure to check out the full article for the links and other work by the author:https://medium.com/coinmonks/building-the-bitcoin-economy-the-complete-contract-governance-platform-54f723e88ccf
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CryptoQuikRead_085 - Increasing Bitcoin Privacy Using the Lightning Network
One of the features of the Lightning network is its innate benefits to privacy. Listen to a short exploration of privacy in Lightning with Toronex (@scidexer) plus commentary.Check out the full article at:https://medium.com/@scidexer/increasing-bitcoin-privacy-using-the-lightning-network-or-how-to-delete-the-origin-of-your-bitcoins-3c611d072e40
Also check out the LN visualizer used:https://rompert.com/recksplorer/
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CryptoQuikRead_084 - Analysis of Batching in Bitcoin
Has transaction count become an unreliable measure of Bitcoin’s usage because of batching? Find out the answer to this and more thanks to the detailed analysis by coinmetrics.io and hasufly.
Check out the full article for the large number of excellent visuals and graphs included:https://medium.com/hasufl/an-analysis-of-batching-in-bitcoin-9bdf81a394e0
Be sure to follow Coinmetrics.io and keep them as a reference for the excellent data they make available:https://coinmetrics.io/
And a few other
CryptoQuikRead_083 - Trusted Third Parties are Security Holes
If you are curious of the foundations of thought that ultimately led to the creation of the Bitcoin system, Nick Szabo is absolutely the one to read. Listen to Szabo’s “Trusted Third Parties and Security Holes” from 2001 @nakamotoinstitute
Check out the full article and other works at the nakamoto institute as well as to explore the links to dig deeper into the discussion:
https://nakamotoinstitute.org/trusted-third-parties/
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CryptoQuikRead_082 - Exploring Lightning Network Routing
Channel balances, gateway routing nodes, non-advertised channels, buffer capital, source routing, onion routing, bridge channels, and atomic multi-path payments. Take a dive into the tech behind Lightning routing with Bryan Vu and the Lightning Labs Blog.
Don't forget to check out the full article to see the graphics and explore other great work over at the Lightning Labs Blog:https://blog.lightning.engineering/posts/2018/05/30/routing.html
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CryptoQuikRead_081 - What we Talk About When We Talk About Blockchain
"the supposedly naive crypto-anarchists types may be the only ones actually grounded in reality, while the supposedly pragmatic, business-oriented, “it’s about the technology, stupid” crowd may prove to be hopelessly confused."
Another great article brought to us by Daniel Goldman on the Abacus Crypto Journal exploring the real value of blockchains:https://blog.theabacus.io/what-we-talk-about-when-we-talk-about-blockchain-technology-4f7a6a0dc03?token=DmDDUIsWZVtMBI7Q
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CryptoQuikRead_080 - Amid Chaos, Our Decentralized Future is Being Built
“These prospects have stirred a hive mind of dreamers and fueled an unprecedented bout of economic speculation. We don't know where it's headed. But we sense something profound is afoot…”
Don't forget to check out the full article at CoinDesk as well as @mikejcasey's other works:https://www.coindesk.com/amid-chaos-decentralized-future-built/
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CryptoQuikRead_079 - The Security Token Thesis
Is the future of finance an internet of interoperable and programmable tokens? Stephen McKeon covers the possibilities in his Security Token thesis. Listen to learn more about the advantages and drawbacks of tokenizing the world.
Link to the full article, and many other excellent works by Stephen McKeon and others:https://hackernoon.com/the-security-token-thesis-4c5904761063
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CryptoQuikRead_078 - Tari Blockchain for Digital Assets on Monero
Eric Kuebler at Bitcoin magazine gives us an introduction into Tari, the sidechain for digital assets and the Lightning Network built on top of Monero. Learn more in today’s Quik Read!
Check out the full article and Eric's other works at Bitcoin Magazine:https://bitcoinmagazine.com/articles/tari-introduces-blockchain-protocol-digital-assets-built-monero/
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CryptoQuikRead_077 - Ethereum Blockchain Exceeds 1TB!
@StopAndDecrypt gives us an excellent breakdown of the state of the over-stressed Ethereum blockchain. Do the trends spell disaster for the smart contract platform, or is there a way out? Listen to find out and be prepared to learn!
Check out the full article for all the links and graphics and dont forget to follow @StopAndDecrypt:https://medium.com/@StopAndDecrypt/the-ethereum-blockchain-size-has-exceeded-1tb-and-yes-its-an-issue-2b650b5f4f62
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CryptoQuikRead_076 - The Verge Hack, Explained
An excellent breakdown of the recent attacks and corresponding vulnerabilities in the Verge cryptocurrency. From Daniel Goldman and The Abacus Crypto Journal, listen to learn all about the time-warp vulnerability and the ongoing attack. Enjoy!
Don't forget to check out Daniel Goldman's other works and follow him for his future articles:https://blog.theabacus.io/@dzack23
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CryptoQuikRead_075 - Homo Sapiens, Evolution, Money & Bitcoin
An exploration of history, anthropology, communication and evolution searching for the answers to what money is, what Bitcoin is, and why this innovation is so important. From Aleksandar Svetski, enjoy a journey through human and bitcoin nature.
Link to the article, check out the graphics and many links included to dig deeper into the topic:https://hackernoon.com/homo-sapiens-evolution-money-bitcoin-33f69701deAnd The list of those to follow and subscribe to presented in the article. Looking f
CryptoQuikRead_074 - Securing Your Financial Sovereignty
The true disruptive potential of Bitcoin is that we can guarantee our own financial sovereignty without trusting anyone else. Don’t be a second class Bitcoin citizen, listen to Jameson Lopp’s article explaining how to be Bitcoin sovereign!
Don't forget to check out the links and information for setting up your own full node:https://medium.com/@lopp/securing-your-financial-sovereignty-3af6fe834603
And of course check out the massive collection of resources and great info at Lopp.net!
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CryptoQuikRead_073 - Introducing TxTenna: Decentralizing the Last Mile in Bitcoin
Building a robust, censorship resistant, and globally available financial network, reliance on centralized networking infrastructure becomes one of the most significant points of failure. GoTenna and Samurai Wallet are building the tools to make this a problem of the past. Listen to the great article by richard myers introducing TxTenna!
Check out the other links and the full article at:https://inthemesh.com/archive/txtenna-decentralizing-last-mile-bitcoin/
And don't forget to check out Samou
CryptoQuikRead_072 - Another Game Changer | Blockstream's Liquid
Liquid is finally arriving! The sidechain that could be a game changer for scalability, custodial trust, exchange privacy, and overall speed and liquidity throughout the crypto industry. Listen to the introduction from @Billfodl_Wallet written by its founder @Colin_Aulds!
Dont forget to check out the full article and the awesome products at billfodl.com!https://billfodl.com/blogs/fodl-blog/gamechanger-blockstream-liquid
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CryptoQuikRead_071 - Why Blockchain is Hard
Are Bitcoin maximalists just cultist fools? Or are they realists who have yet to see a solid case for alternative blockchains? Hitting Jimmy Song's article "Why Blockchain Is Hard" we find out what blockchain is, and what it isn't. Listen for more!
Dont forget to check out the full article on Cong's Medium page for numerous funny comic strips:https://medium.com/@jimmysong/why-blockchain-is-hard-60416ea4c5c
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CryptoQuikRead_070 - Joe Lubin & Jimmy Song Bet Over Blockchain 'Magic Dust'
The most entertaining panel discussion so far @Consensus2018 was between Joe Lubin, Amber Baldet, and Jimmy Song. Song met the panel with uninhibited skepticism over the "blockchain hype." We read David Floyd's article for details on what happened as a lead into the next quick read.
Link to David Floyd's article at Coindesk:https://www.coindesk.com/lubin-song-wager-bitcoin-blockchain-consensus/?utm_content=buffer432a3&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer
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CryptoQuikRead_069 - The State of Cryptocurrency Mining
This may be one of the most important articles I’ve read to date. If you think you know about the intricacies, costs, and dynamics of ASIC manufacturing and Cryptocurrency mining, this quick read might prove you wrong. David Vorick brings us this excellent piece that I consider “need-to-know” for anyone invested in POW coins. Listen for more!
Link to the blog and full article:https://blog.sia.tech/the-state-of-cryptocurrency-mining-538004a37f9b?token=JSQXnyGCLkSJhiRx
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CryptoQuikRead_068 - New Ideas Energize Ethereum, True Signaling Solution Still Elusive
New ideas take the stage at the EIP:0 meeting. Governance, Inflation, Social Consensus, funds recovery and more. Reading one of Rachel O’Leary’s great articles on Ethereum development, we explore a major turning point in Ethereum’s world. Is it good, or could this spell disaster? Listen to find out more!
The full article, links to Rachel's other works and the great content at Coindesk:https://www.coindesk.com/new-ideas-energize-ethereum-though-true-signaling-solution-still-elusive/
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CryptoQuikRead_067 - Giacomo Zucco's Epic Twitter Thread
[Trigger Warning!] Giacomo Zucco recently delivered an epic Twitter thread detailing why he thought bcash supporters were stupid. He may not be the most diplomatic ambassador, but he certainly made some excellent arguments! Listen to find out more.
Link to the unrolled Thread:https://threadreaderapp.com/thread/991438132812943369.html
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CryptoQuikRead_066 - Money, Blockchains, and Social Scalability
Szabo's excellent essay on the specific trade-offs that empower Satoshi's brilliant solution to the scaling of trust across human institutions. Listen if you are ready to learn.Link to his blog and the full article with lfurther links to explore the topics discussed:https://unenumerated.blogspot.com/2017/02/money-blockchains-and-social-scalability.html
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CryptoQuikRead_065 - Lightning User Experience, A Day in the Life of Carol
With so many new features, tricks, and protocol changes, what will it be like to use lightning? What will Carol, the user, need to know? Listen to Bryan Vu's story of Carol's first day with Lightning from the Lightning Labs Blog.
Link to the blog and full article:https://blog.lightning.engineering/posts/2018/05/02/lightning-ux.html
Don't forget to check out their other links in the article and stay tuned for future posts expanding the details of the awesome work being done by Lightning Labs!
CryptoQuikRead_064 - The Future of Bitcoin - What Lightning Could Look Like
Splicing Payments, Submarine Swaps, Atomic Swaps, Dual-Funded Channels, Eltoo, Channel Factories, AMPS, and More! Listen to Aaron's recent article to hear more of the awesome potential and the future of the Lightning Network. Listen to the end for a special thank you for all the increxible work at Bitcoin Magazine and the always reliable Aaron Van Wirdum!Link to read it at Bitcoin Magazine:https://bitcoinmagazine.com/articles/future-bitcoin-what-lightning-could-look/
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CryptoQuikRead_063 - Atomic Swaps, How the Lightning Network Extends to Altcoins
The Lightning network is a new protocol layer that not only has implications for Bitcoin payments, but could hugely impact many altcoins, decentralized exchanges, and the nature of crypto payments for the entire ecosystem. Learn more about its benefits from another of Aaron van Wirdum's excellent articles with Bitcoin Magazine.Link to the article on Bitcoin Magazine:https://bitcoinmagazine.com/articles/atomic-swaps-how-the-lightning-network-extends-to-altcoins-1484157052/
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CryptoQuikRead_062 - This New Scaling Layer Could Make Lightning More Effective
An introduction to Channel Factories and the concept of a new Layer 2 protocol that could shift the Lightning Network into Layer 3. Is this another piece of the puzzle to building a global payment system? From Michiel Mulders with Bitcoin Magazine, listen to learn more details.
Link to the article @BitcoinMagazine:https://bitcoinmagazine.com/articles/new-scaling-layer-could-make-payment-channels-ten-times-more-effective/
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CryptoQuikRead_061 - Eltoo - A Simplified Update Mechanism for Lightning
Lightning is a fascinating protocol with enormous potential, but also many challenges. A nee mechanism for updating channel states may work to solve some of Lightning’s biggest challenges. Learn more from the announcement by Cristian decker on Blockstream.comLink to the article:https://blockstream.com/2018/04/30/eltoo-next-lightning.htmlLink to the eltoo paper:https://blockstream.com/eltoo.pdfLink to the paper describing channel factories:https://www.tik.ee.ethz.ch/file/a20a865ce40d40c8f942cf2
CryptoQuikRead_060 - Nick Szabo The Mysterious Blockchain Titan
Nick Szabo is undeniably one of the most influential thinkers and pioneers in the Cryptoconomy. Learn more of his history and his works in this article from unblock.netLink to the article and others on unblock.net:https://unblock.net/nick-szabo/
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CryptoQuikRead_059 - Hashing Last Weeks Big Topics April 22-28
ERC20 bugs, Forking the forked BCH fork, Will we ever get Parity coins back, and Does France want you to move your ICO to their country? This and more as we hash all the topics I couldn't get to last week. Link to the shownotes and the links to all the relevant articles on medium.com:https://medium.com/@thecryptoconomy/cryptoconomy-weekly-hash-april-22-28-e450497a53e9
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CryptoQuikRead_058 - The Genesis Files: How David Chaum Spawned a Cypherpunk Dream
"Chaum’s work would inspire a group of cryptographers, hackers and activists, connected through a mailing list. It was this group — which included DigiCash contributors like Nick Szabo and Zooko Wilcox-O’Hearn — that would come to be known as the cypherpunks."Link to the Bitcoin Magazine article by Aaron Van Wirdum:https://bitcoinmagazine.com/articles/genesis-files-how-david-chaums-ecash-spawned-cypherpunk-dream/
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CryptoQuikRead_057 - The 17 Millionth Bitcoin is about to be Mined
What does it mean that we are crossing the 17 millionth Bitcoin in existence? In a world where sound money has gone extinct, Bitcoin stands alone as a provable and transparent monetary guarantee. Listen to today’s episode reading David Floyd’s article on Coindesk.com to learn more.
Link to the article on Coindesk:https://www.coindesk.com/17-millionth-bitcoin-mined-means-matters/
Link to Flyod’s other articles:https://www.coindesk.com/author/dfloyd/
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CryptoQuikRead_056 - Five Myths About Bitcoin’s Energy Use
Bitcoin mining is useless, it unnecessarily pollutes, its worse than credit cards, and its going to boil the oceans!! Are these inspired revelations, or inspired by ignorance? Listen to Peter van Valkenburgh’s article breaking apart the common myths around Bitcoin mining to learn more! From concenter.orgLink to the article:https://coincenter.org/entry/five-myths-about-bitcoin-s-energy-use
Also check out another article explaining Mining in more detail:ttps://coincenter.org/entry/what-is-bitcoi
CryptoQuikRead_055 - Bullish: The Return of the South Korean Premium
Are we likely to see another 2014 extended bear market, or have the bulls returned? Listen to the article from UnBlock.net, “Bullish Signal: The Return of the South Korean Kimchi Premium” to find out more.Link to read the article at Unblock.net:https://unblock.net/south-korean-kimchi-premium/
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CryptoQuikRead_054 - The Long Road To Segwit
The segwit protocol upgrade was the biggest and most controversial software change in Bitcoin's history. Listne to Aaron Van Wirdum's article at BitcoinMagazine.com to learn why it was needed, and the many twists and turns it took to get the code live on Bitcoin's mainnet.Link to the article at Bitcoin Magazine:https://bitcoinmagazine.com/articles/long-road-segwit-how-bitcoins-biggest-protocol-upgrade-became-reality/Link to further details on SegWit's many benefits:https://bitcoincore.org/en/20
CryptoQuikRead_053 - Pieter Wuille Chapioning Bitcoin Development
So who are the people behind Bitcoin's past improvements and who are building its future? Today we have an article from CryptoCoreMedia.com introducing the "Chuck Norris of coders," Pieter Wuille, and his enormous contributions to the bitcoin protocol. Listen to learn more!Don't forget to check out CryptoCoreMedia.com:
https://cryptocoremedia.com/pieter-wuille-leading-innovate-bitcoin/Also Other works by Nuno Menezes:
https://cryptocoremedia.com/author/nuno-menezes/
And of course Pieter Wuille
CryptoQuikRead_052 - Mining Centralization Scenarios
Is Bitcoin really decentralized if we consider the enormous market dominance and hash power of Bitmain and the largest mining pools? Listen to Jimmy Song's argument about the elements and consequences of centralized mining scenarios to find out.Don't forget to check out @jimmysong's other works on Medium:
https://medium.com/@jimmysong/mining-centralization-scenarios-b74102adbd36
Also check out Jimmy's podcast:https://www.youtube.com/channel/UCEFJVYNiPp8xeIUyfaPCPQw
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CryptoQuikRead_051 - Its Too Late - Nothing Can Stop the Bitcoin Protocol
"In 3 years no one will be talking about Bitcoin." Miguel Cuneta has something to say about that claim. Listen to find out!Don't forget to check out Miguel's other works and the other writers with Decentralize.today:
https://medium.com/@MiguelCuneta_21450
https://decentralize.today/
https://decentralize.today/its-too-late-nothing-can-stop-the-bitcoin-protocol-738047bb5201
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CryptoQuikRead_050 - Don’t Count Your FUD Before Lightning Strikes
We're back in action! In the follow-up to Aaron van Wirdum's excellent explanatory series, I decided to tackle 15 common claims against the Lightning Network, one by one. Only listen if you're ready to learn!Want to see all the fun memes, the other linked graphics, and links to related works? Check out my article on Medium.com:https://medium.com/@thecryptoconomy/dont-count-your-fud-before-the-lightning-strikes-15-claims-against-lightning-answered-9671d4a663a9Don't forget Aaron's explainer ser
CryptoQuikRead_049 - Understanding The Lightning Network Part 3
Completing the Lightning Puzzle with Part 3 of Understanding the Lightning Network. The riveting conclusion of Aaron van Wirdum's series on the Lightning protocol from Bitcoin Magazine. Listen if you're ready to learn.Don't forget to check out Aaron's other works as well as the wealth of information at Bitcoin Magazine.com:https://bitcoinmagazine.com/articles/understanding-the-lightning-network-part-completing-the-puzzle-and-closing-the-channel-1466178980/
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CryptoQuikRead_048 - Understanding The Lightning Network Part 2
Diving deeper down the Lightning rabbit hole with Part 2! How do we turn payment channels into a secure and trustless network? Listen to hear more from Aaron van Wirdum's article series on Bitcoin magazine.Link to Aaron's article on BitcoinMagazine.com:https://bitcoinmagazine.com/articles/understanding-the-lightning-network-part-creating-the-network-1465326903/
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CryptoQuikRead_047 - Understanding The Lightning Network Part 1
Take a dive down the Lightning Rabbit hole with Part 1 of Aaron Van Wirdum's 3 part series at Bitcoin Magazine to understand how a smart contract network accomplishes instant, secure, and trustless payments. Listen to learn more!Link to the article at BitcoinMagazine:
https://bitcoinmagazine.com/articles/understanding-the-lightning-network-part-building-a-bidirectional-payment-channel-1464710791/
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CryptoQuikRead_046 - Privacy and Schnorr Signatures
Schnorr Signatures could result in a significant change in the Bitcoin network efficiency and the size and types of transactions, but what will it mean for privacy? Listen to @nopara73's article to learn more.
Link to nopara73's article and other works:https://medium.com/@nopara73/privacy-and-schnorr-signatures-e2175d27f022
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CryptoQuikRead_045 - Why Schnorr Signatures will Solve 2 of Bitcoin's Biggest Problems
Schnorr signatures could be a boon to the efficiency of the Bitcoin system and a hinderance to its spammers. Listen to the article from Sam Wouters to learn more.
Dont forget to check out Sam Wouter's Medium page to explore the links, graphics, and his many other works:https://medium.com/@SDWouters/why-schnorr-signatures-will-help-solve-2-of-bitcoins-biggest-problems-today-9b7718e7861c
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CryptoQuikRead_044 - Monero has Hard Forked - Resulting in Four New Projects
Monero's hard fork has been successfully executed as planned... or has it? Like many hard forks in the past, the consequences are rarely a simple matter. Listen to learn more.Link to the article from Bitcoin Magazine:https://bitcoinmagazine.com/articles/monero-just-hard-forked-and-it-resulted-four-new-projects/
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CryptoQuikRead_043 - A History of Lightning: From Brainstorm to Beta
Listen to the extraordinary history of the Lightning Network stretching back to the beginnings of Bitcoin itself. Link to the article on Bitcoin Magazine:https://bitcoinmagazine.com/articles/history-lightning-brainstorm-beta/
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CryptoQuikRead_042 - Critique of Buterin's Proof of Stake Design Philosophy
Tuur Demeester lays out his arguments against Vitalik's Proof of Stake Design Philosophy. Guess what he has to say. Listen to today's quick read to find out.Link to Tuur's article and Medium page:
https://medium.com/@tuurdemeester/critique-of-buterins-a-proof-of-stake-design-philosophy-49fc9ebb36c6
Link to Vitalik's original article and Medium page:
https://medium.com/@VitalikButerin/a-proof-of-stake-design-philosophy-506585978d51
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CryptoQuikRead_041 - A Proof of Stake Design Philosophy
Decentralized blockchains are an entirely new organism in the realm of economics, cryptography, and social consensus. Is Proof-of-work still the king of the show? Or will the years of development and discussion reveal a more efficient and effective security philosophy? Listen to Vitalik Buterin's article to learn more!Link to the article and Vitalik's Medium page:
https://medium.com/@VitalikButerin/a-proof-of-stake-design-philosophy-506585978d51
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CryptoQuikRead_040 - Why Bitcoin is Different
With thousands of ICOs and altcoins out there, how on earth can we tell a difference? And are they all better and faster versions, or is there something that makes Bitcoin different? Listen to @jimmysong’s article to find out.
Link to the article:
https://medium.com/@jimmysong/why-bitcoin-is-different-e17b813fd947
Link to "Off Chain with Jimmy Song" on YT:
https://www.youtube.com/channel/UCEFJVYNiPp8xeIUyfaPCPQw
And a link to Laura Shin's podcast "Unchained" to cover my mistake:
http://uncha
CryptoQuikRead_039 - The Central Banking Bubble
Not only can Bitcoin not be separated from the macro economic movements of the world, it may represent one of the few assets to hedge against a meltdown in the global financial system. So how is the central banking economy fairing? Listen to find out.
Link to read the article:
http://www.goldtelegraph.com/the-central-bank-bubble
Link to Alex Deluce on Twitter:https://twitter.com/AlexDeluce
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CryptoQuikRead_038 - 7 Misunderstandings of Bitcoin's Scaling Problem
So many of us misunderstand the underlying implications or consequences of the scaling debate when first introduced. Listen to hear the critical realizations I had in my Bitcoin scaling journey.
Link to the medium article:https://medium.com/@thecryptoconomy/7-misunderstandings-of-bitcoins-scaling-problem-c5142e938a68
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CryptoQuikRead_037.5 - Lapp 7 - The Lightning Jukebox
The final lightning app has arrived to finish out the Week of Lapps! Listen to the announcement from @Blockstream.Link to the blog post:https://blockstream.com/2018/03/28/lightning-jukebox-offers-a-fun-end-to-our-week-of-lapps.html
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CryptoQuikRead_037 - 81 Percent of ICOs Become Scams
With data from the Satis Group, The Merkle gives us a breakdown of the successes and failures of the current ICO market. Is this a nail in the Appcoin coffin? Listen to hear more.
The article from The Merkle:
https://themerkle.com/statistics-show-nearly-81-of-all-icos-eventually-become-scams/The Satis Group Medium page where you can find their CryptoAsset analysis:
https://medium.com/satis-group/ico-quality-development-trading-e4fef28df04f
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CryptoQuikRead_036.5 - LApp 6 - Ifpaytt Brings Lightning Payments to IFTTT
LApp #6 called IfpayTTT allows non-programmers to create Lightning-powered services using the IFTTT methodology. Listen to the announcement from @Blockstream to learn more.Link to the blog post:https://blockstream.com/2018/03/27/ifpaytt-brings-lightning-micropayments-to-ifttt.html
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CryptoQuikRead_036 - Appcoins are Snake Oil
Daniel Krawisz gives us a solid argument to why appcoins are all snake oil. A failed application of economics in an immature market. But is he right? Listen to hear more.
Link to the article:
http://nakamotoinstitute.org/mempool/appcoins-are-snake-oil/
Link to the Crypto-mises episode on the topic:
http://nakamotoinstitute.org/podcast/12-22-14-appcoins-and-bitcoin-maximalism/
And thanks to @tril0byte for linking to the information!
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CryptoQuikRead_035.5 - LApp 5 - Nanopos for Simple Point-of-Sale
LApp #5 is Nanopos, a simple to use point-of-sale system for in-person merchants. Listen for further details from @Blockstream
Link to the Blockstream blog:
https://blockstream.com/2018/03/26/streamlined-nanopos-lapp-offers-point-of-sale-simplicity.html
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CryptoQuickRead_035 - The Digital Age of Securities
Moving from the Electronic Age of Securities into the Digital Age. Anthony Pompliano lays out a vision of what the future may hold. Listen to the article to learn more.Link to read the article and @apompliano's blog:
https://medium.com/@apompliano/the-digital-age-of-securities-e78950fd1b5d
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CryptoQuikRead_034.5 - LApp 4 - PayPerCall
LApp #4 brings us Paypercall, a powerful tool to enable micropayments for API calls and micro services across the web. Setting the stage, for a new era in the internet.
Link to read it or explore links and references on the Blockstream blog:
https://blockstream.com/2018/03/25/paypercall-shows-the-full-power-of-lightning-charge.html
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CryptoQuikRead_034 - Bitcoin and the Rise of the Cypherpunks
Bitcoin's ancestry comes from decades of cypherpunk principles and the work of dedicated and principled thinkers. Learn more from Jameson Lopp's piece about the history and ideology of the Cypherpunks that made Bitcoin into reality.
View the article and explore the available links and videos at:https://www.coindesk.com/the-rise-of-the-cypherpunks/
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CryptoQuikRead_033.5 - LApp 3 - NanoTip
LApp #3 from Blockstream and @shesek is Nanotip, bringing micropayments back to bitcoin one strike at a time. Listen to learn more.
Link to the Blockstream blog and further details on how to setup your own node and begin experimenting with these new additions to the crypto world:https://blockstream.com/2018/03/24/tipping-on-lightning-with-nanotip-lapp.html
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CryptoQuikRead_033 - Binance Seeks New Home in Malta
Quick and decisive action by Binance has seen them seek out a new, crypto-friendly home in Malta to accomodate their explosive growth in the cryptoconomy. Listen to hear Amy Castor's update at Bitcoin Magazine.
Link to the article: https://bitcoinmagazine.com/articles/binance-seeks-new-home-maltas-fintech-friendly-environment/
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CryptoQuikRead_032.5 - Lapp 2 - Lightning Publisher
7 LApps for Lightning Charge on the way! LApp #2 is Lightning Publisher, a Wordpress plug-in that allows publishers to monetize their own content, no third parties needed.
Read more and check out the links to the software at Blockstream:
https://www.blockstream.com/2018/03/23/lightning-publisher.html
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CryptoQuikRead_032 - Bitcoin Could Revolutionize Property Rights
Could Bitcoin be a new and revolutionary tool in the quest for individuals to secure their property rights from both thieves and authoritative regimes across the globe? Listen to find out more.
The article by Muchael Dubrovsky published on Fee.org is titled "Bitcoin, Despite All its Problems, Could Revolutionize Property Rights":https://fee.org/articles/bitcoin-despite-all-its-problems-could-revolutionize-property-rights/
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CryptoQuickRead_031.5 - Lapp 1 - FileBazaar
7 LApps coming for Lightning Charge integration. LApp #1 is FileBazaar, integrating lightning payments for photos, videos, and documents.From the Blockstream Blog:
https://www.blockstream.com/2018/03/22/filebazaar-joins-the-lightning-charge-lapps.html
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CryptoQuikRead_031 - Nobody Understands Bitcoin (and that's ok)
Plenty of personalities and confident fools in the crypto space will tell you they know exactly what bitcoin is, and what the future holds. A long time Bitcoiner lays out a different perspective.
The article by @lopp from Coindesk:https://www.coindesk.com/nobody-understands-bitcoin-thats-ok/
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CryptoQuikRead_030 - The NSA Tracks Down Bitcoin Users
As per the usual activities of the NSA, they seem seriously focused on destroying software security, hacking into networks all over the world, installing backdoors, and building massive central points of failure. Listen to hear more details revealed in the Snowden documents.
Link to the article by @samfbiddlehttps://theintercept.com/2018/03/20/the-nsa-worked-to-track-down-bitcoin-users-snowden-documents-reveal/
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CryptoQuikRead_029 - Szabo's Towards a Digital and Private Common Law
Does Digital code present the possibility of augmenting, or even replacing, the functions of traditional private law? Nick Szabo explores the concept in his 2007 blog post.
For the full article and to explore the many other links of Szabo's investigations of the topic: https://unenumerated.blogspot.co.il/2007/05/towards-digital-and-private-common-law.html
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CryptoQuikRead_028 - Congress Releases Report Praising Cryptocurrency and Blockchain Technology
The US Congress released an economic report that discussed many of the advantages and concerns with cryptocurrencies and blockchain technology. Listen to find out what they had to say.The article from Dailyhodl.com:https://dailyhodl.com/2018/03/19/us-congress-releases-extraordinary-report-praising-cryptocurrency-and-blockchain-technology/
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CryptoQuikRead_027 - The Barely Discussed, Incredible Benefit of the Lightning Network
With the Lightning Network finally being realized in the wild, its time to revisit some of the incredible benefits that get lost in the debate. The trustless financial future is being realized.
Link to read the article:https://medium.com/@thecryptoconomy/the-barely-discussed-incredible-benefit-of-the-lightning-network-4ce82c75eb58
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CryptoQuikRead_026 - Announcing Lightning-beta Mainnet Release
The next layer of the global Bitcoin payment and monetary system has arrived! Lnd 0.4-beta has hit mainnet! I'll be reading the lnd blog for all the improvements and exciting new things to come!
Check out their blog to read the article:https://blog.lightning.engineering/announcement/2018/03/15/lnd-beta.html
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CryptoQuikRead_025 - Bitcoin's Anarchy is a Feature, Not a Bug
Bitcoin's governance model is often touted as a major reason it is likely to be replaced, due to its resistance to being altered. Is it really a bug, or is it a critical feature? Listen to Elaine Ou's article to find out more!
Link to the article:https://www.bloomberg.com/view/articles/2018-03-13/trump-s-chaotic-reboot-will-have-real-consequences
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CryptoQuikRead_024 - NY Legislator Proposes BitLicense Alternative for Cryptocurrency Users
Is it possible that the disasterous bitlicense could finally be replaced by sensible regulation? Learn more details in today's Quick Read!The article:https://bitcoinmagazine.com/articles/new-york-legislator-proposes-bitlicense-alternative-cryptocurrency-users/
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CryptoQuikRead_023 - CFTC Moves to Cement Authority Over Crypto Fraud Cases
As the guidelines and regulatory precedent begin to be set within the industry, the CFTC moves to take tha tuhority over cases of crypto fruad. Listen to learn more.
Link to the article:https://www.coindesk.com/cftc-moves-cement-authority-crypto-fraud-cases/
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CryptoQuikRead_022 - Sidechains - Why These Researchers Think They Solved a Key Piece of the Puzzle
Sidechains have always been considered a critical part of the future of cryptocurrencies. What has been holding it back, and is there finally a solution? Listen to find out!https://bitcoinmagazine.com/articles/sidechains-why-these-researchers-think-they-solved-key-piece-puzzle/
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CryptoQuickRead_021 - The Bullish case For Bitcoin
Is this crash the end of Bitcoin? Or is this an inevitable blip that comes when shifting the foundations of society? Listen to find out in Vijay's thought provoking article, "The Bullish Case For Bitcoin."
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CryptoQuikRead_020 - There is a Bitcoin Patent War Going On
There is a Bitcoin Patent war going on that could have serious consequences for the entire industry and security assumptions of blockchain as a technology. However, there may be a solution! Listen to the quick read from @BitcoinMagazine to find out more.
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CryptoQuikRead_019 - The Future of Ethereum Doesn't Have Wallets
Wallets may be integral to the Crypto economy today, but will the frictionless and user-friendly future we all seek may make them a thing of the past.
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CryptoQuikRead_018 - Why Decentralization Matters
If we can often build our solutions faster and cleaner with a centralized construct, then why bother seeking a decentralized solution at all? Learn more in today's quick read, an article from Chris Dixon.
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CryptoQuikRead_017 - Natural v. Artifical Money Why Bitcoin is the Greatest Thing to Happen for Alternative Energy
What if Bitcoin's energy consumption is actually the greatest natural incentive we could've hoped for in our alternative energy revolution? Find out how in today's Quick Read by Melik Manukyan. @realLudvigArt
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CryptoQuikRead_016 - Bitcoin 0.16.0 is Released: Here's What's New
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/
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CryptoQuikRead_015 - Venezuala Launches "Petros" Cryptocurrency Amid Growing Skepticism
Venezuela is taking a deep dive into the crypto world in a last ditch effort to save its failing economy. Find out more in today's quick read.
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CryptoQuikRead_014 - Bulletproofs, Faster Rangeproofs, & More [Andrew Poelstra]
Cypherpunks 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/
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CryptoQuikRead_013 - Bitcoiner Faces Charges After Selling BTC to an Undercover Cop
Selling Bitcoin to an undercover cop landed @NODEfather in prison. Find out why in today's Crypto Quick Read!
Read the article at:bitcoinmagazine.com/articles/bitcoi…undercover-cop/
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CryptoQuikRead_012 - Wyoming House Unanimously Approves Two Pro-Blockchain Bills
Is Wyoming set to become the nation's most Bitcoin friendly state? Listen to learn more! From Bitcoinmagazine.com and written by Erik Kuebler
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CryptoQuikRead_011 - Lightning Enables Unicast Transactions in Bitcoin
Is Lightning the TCP/IP of Bitcoin? An analogy that breakdowns the scaling implications and understanding of how layers will build the future we envision today. By Melik Manukyan
melik_87377/lightning-network-enables-unicast-transactions-in-bitcoin-lightning-is-bitcoins-tcp-ip-stack-8ec1d42c14f5">medium.com/@melik_87377/lightn…-stack-8ec1d42c14f5
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CryptoQuikRead_009 - How Easy Money is Rotting America from the Inside-Out
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/
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CryptoQuikRead_008 - Bitcoin Turning into a Multi Layered System
Ber Kessels discusses the value of Bitcoin becoming a secure and reliable transport layer for a new protocol stack for transferring value. The most exciting advancement for crypto in 2018.
Link to the article:berk.es/2018/02/09/bitcoin-tu…ng-in-crypto-in-2018/
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CryptoQuikRead_007 - A Declaration of the Independence of Cyberspace
RIP John Perry Barlow
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CryptoQuikRead_006 - What You May Not Understand About Crypto Millionaires
What is the mission and the prupose of Bitcoin? Get a glimpse into the crypto millionaires who have built, and continue to build, Bitcoin into the open and decentralized financial foundation for a new world.
By Jeremy Epstein on Venturebeat.comventurebeat.com/2018/02/10/what-y…tos-millionaires/
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CryptoQuikRead_005 - SEC Chair's Written Testimony
Another article from Bitcoin Magazine detailing the SEC Chair's testimony and what regulation for Bitcoin, Cryptocurrencies, and ICOs will likely be moving forward. Things are changing quickly, staying informed will be crucial. Share this podcast with a friend if you agree :)
Read it here:bitcoinmagazine.com/articles/sec-ch…icos-be-warned/
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CryptoQuikRead_004 - Darkest Before the Dawn
With the Bitcoin prices heavily depressed comes an enormous number of depressed bitcoiners. Time to take a step back and look at some of the exciting and bullish developments that have been happening in our current bear market.
From Coindaily.co, written by Kal SaberDarkest Before the Dawn - Reasons to be Bullish on Bitcoin
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CryptoQuikRead_003 - Bitfury Group Unveils Crystal [JP Buntinx]
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/
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CryptoQuikRead_002 - Keep an eye out for New Bitcoin Tech in 2018
Tons of exciting developments on the horizon for 2018, listen to hear why this year is going to be another big one for Bitcoin.
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Weiss Crypto Ratings
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
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