Bitcoin Audible: Recent Episodes

Guy Swann

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.

"An argument for doing a consensus cleanup soft-fork first, prior to enabling any new opcodes or other features for new types of L2’s, is that we’d learn more about how willing the wider community is to implement what should be a relatively uncontroversial soft-fork that arguably benefits everyone."
— Peter Todd

In this deep dive into Bitcoin's Layer 2 solutions, we explore Peter Todd's comprehensive analysis of soft fork and covenant proposals. What are the trade-offs between different scaling solutions like CTV, OP_CAT, and SIGHASH_ANYPREVOUT? How might these changes impact Bitcoin's future, and what path forward offers the best balance of innovation and security? Join us as we unravel the complexities of Bitcoin's potential upgrades and their implications for the network's scalability and functionality.

Links to check out

Soft-Fork/Covenant Dependent Layer 2 Review (Link: https://tinyurl.com/bdey68v4)
Peter Todd on Nostr (Link: https://tinyurl.com/y5py725j)

“We are what we pretend to be, so we must be careful about what we pretend to be.”
― Kurt Vonnegut

"Lightning achieved a many-to-one mapping of transactions to transactions... But creating even a single UTXO per user is, arguably, not good enough. So there are many proposals out there to achieve even greater scaling by allowing multiple users to share a single UTXO in a self-sovereign way. Again, collapsing another “space” dimension of scaling users into one UTXO."
— Peter Todd

Today we dive into Peter Todd's recent review of the various Layer 2 covenant proposals and the soft forks associated with them to analyze the core concepts, the costs, and benefits of each. For moving into the next realm of scaling with genuine "L2's," what are the trade-offs and possibilities for Bitcoin's future?

Check out the original report for more info and links to dig further
Soft-Fork/Covenant Dependent Layer 2 Review (Link: https://tinyurl.com/bdey68v4)

"The bitcoin protocol can encompass the global financial transaction volume in all electronic payment systems today, without a single custodial third party holding funds or requiring participants to have anything more than a computer using a broadband connection."
— The Lightning Network Whitepaper

It's Here! Today I am thrilled to introduce the first episode of Guy's Roundtable. I've assembled a group of OG bitcoiners for a new monthly series where we dissect the latest developments in the bitcoin world. In this inaugural episode, we set the stage for what promises to be an enlightening journey through the ever-evolving Bitcoin landscape. Our mission? To keep you informed, spark thoughtful discussions, insult the right people, apologize to no one, and gain insight from the lunatics who've seen more bear markets and crazy storms in the bitcoin world than anyone else you know.

This is the first episode of Guy's Roundtable.

Thanks to the guests for joining:

Steve Simple Nostr (Link: https://njump.me/npub1pldgrydvu3902v2sdy227ehfjuxqu7pkxufqklga0f0jvmccchtsw05nc9)
Steve Simple Twitter (Link: https://twitter.com/stevesimple)
Bitcoin Mechanic Nostr (Link: https://njump.me/npub1wnlu28xrq9gv77dkevck6ws4euej4v568rlvn66gf2c428tdrptqq3n3wr)
Bitcoin Mechanic Twitter (Link: https://twitter.com/GrassFedBitcoin)
Jeff Swann Nostr (Link: https://njump.me/npub1ajv7m32k0cpgzha32qszsh304qusjvwwmavus0ttktzldms4xzusuftppj)

Links mentioned for further exploring from the show:

⁠Dark Skippy (Link: https://darkskippy.com/)
ProtonWallet (Link: https://proton.me/wallet)
Mutiny Wallet to Shut Down at the End of the Year (Link: https://www.nobsbitcoin.com/mutiny-wallet-to-shut-down-at-the-end-of-the-year/)
Fedi Launch (Link: https://www.fedi.xyz/blog/fedi-announces-launch-of-world-s-first-community-superapp)
bitaxe mines a block! (Link: https://twitter.com/altair_tech/status/1816176460656243146)
Swan Cancels Public Listing Plans (Link: https://www.nobsbitcoin.com/swan-cancels-public-listing-plans-rolls-back-mining-business-cuts-staff/)
Swan cancels Pacific Bitcoin 2024 (Link: https://www.pacificbitcoin.com/)
Taproot Assets first mainnet release of multi-asset Lightning (Link: https://twitter.com/lightning/status/1815768786752164213)
Fold to go public (Link: https://blog.foldapp.com/fold-to-go-public/)
Xapo introduces Bitcoin banking in the UK (Link: https://www.xapobank.com/en/blog/xapo-bank-expands-into-the-uk)
The UW Bitcoin Research Institute (Link: https://www.uwyo.edu/philrelig/bitcoin/index.html)
Russia to allow crypto payments in international trade to counter sanctions (Link: https://www.reuters.com/technology/russia-launch-international-payments-crypto-before-end-2024-2024-07-30/)
Senator Lummis Unveils Strategic Bitcoin Reserve Legislation: The BITCOIN Act
(Link: https://www.nobsbitcoin.com/the-bitcoin-act-introduced/)
Robinhood suspends trading (Link: https://cointelegraph.com/news/robinhood-24-hour-trade-suspend-8-hours)
EU Asset Registry idea being investigated by the European Commission (Link: https://www.brusselsreport.eu/2021/08/30/european-commission-investigates-the-idea-of-an-eu-asset-registry/)

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.com/theguyswann)
Guy on TikTok (Link: https://www.tiktok.com/@theguyswann)
Guy on YouTube (Link: https://www.youtube.com/@theguyswann)
⁠Bitcoin Audible on X⁠ (Link: https://twitter.com/BitcoinAudible)
The Guy Swann Network Broadcast Room on Keet (Link: https://tinyurl.com/3na6v839)

Check out our awesome sponsors!

Get ⁠10% off the COLDCARD⁠ with code BITCOINAUDIBLE ⁠⁠⁠⁠⁠⁠(Link: https://bitcoinaudible.com/coldcard)
Swan⁠: The best way to buy, learn, and earn #Bitcoin (Link: https://swanbitcoin.com)

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 Tuur Demeester
Lyn Alden's work on banking crises and global financial systems
Preston Pysh's interview with Paolo Ardoino (Tether CTO)
Guy's previous episode: "The Hard Truth"
AI Unchained - Guy's other podcast on AI and technology
Nostr - decentralized social media platform
Pears.com

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.com/theguyswann)
Guy on TikTok (Link: https://www.tiktok.com/@theguyswann)
Guy on YouTube (Link: https://www.youtube.com/@theguyswann)
⁠Bitcoin Audible on X⁠ (Link: https://twitter.com/BitcoinAudible)
The Guy Swann Network Broadcast Room on Keet (Link: https://tinyurl.com/3na6v839)

Check out our awesome sponsors!

Get ⁠5% off the COLDCARD⁠ with code BITCOINAUDIBLE ⁠⁠⁠⁠⁠⁠(Link: https://bitcoinaudible.com/coldcard)
Swan⁠: The best way to buy, learn, and earn #Bitcoin (Link: https://swanbitcoin.com)

“We are all in the gutter, but some of us are looking at the stars.”
― Oscar Wilde

"It’s been amazingly freeing because I don’t worry about my investments, mostly because I don’t have very many. I’m on a Bitcoin standard and I keep my value in my unit of account."
— Jimmy Song
What's the difference between investing in Bitcoin and living on a Bitcoin standard? In this episode, we explore Jimmy Song's insights on how shifting your unit of account to Bitcoin can transform your perspective on money, investing, and economic value. Find out how a Bitcoin standard frees us from the burden of arbitrary investment and the rat race of inflation avoidance in a sea of rent seekers. We aren't investing in Bitcoin, Bitcoin is our money.

Check out the original article at BTC Investing vs. BTC Standard (Link: https://tinyurl.com/asvsvvvp)

Links to check out

The Bitcoin Standard: The Decentralized Alternative to Central Banking (Link: https://saifedean.com/tbs)
Pears.com (Link: https://pears.com/)

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.com/theguyswann)
Guy on TikTok (Link: https://www.tiktok.com/@theguyswann)
Guy on YouTube (Link: https://www.youtube.com/@theguyswann)
⁠Bitcoin Audible on X⁠ (Link: https://twitter.com/BitcoinAudible)
The Guy Swann Network Broadcast Room on Keet (Link: https://tinyurl.com/3na6v839)

Check out our awesome sponsors!

Get ⁠10% off the COLDCARD⁠ with code BITCOINAUDIBLE ⁠⁠⁠⁠⁠⁠(Link: https://bitcoinaudible.com/coldcard)
Swan⁠: The best way to buy, learn, and earn #Bitcoin (Link: https://swanbitcoin.com)

“Sometimes a change of perspective is all it takes to see the light.”
― Dan Brown

"The end result was a historical wealth transfer from regular Americans to a handful of billionaires. This wealth transfer, which was heavily premeditated and provably used the COVID-19 crisis as cover, should be treated as an unprecedented theft from the American taxpayer. Yet few Americans know that it even happened." — Unlimited Hangout

We've always supposed that Bitcoin was going to challenge the dollar and reign in the irresponsible and corrupt monopoly held by the US govt over the global debt markets. But what if we were wrong? What if the embrace of Bitcoin and stablecoins by the US govt is actually a move that lets them not only maintain their levels of debt and degeneracy, but even expand them for generations to come? What if Bitcoin isn't the downfall of the dollar, but instead its savior?

Today we dive into another fantastic exploration of the problem with stablecoins and the political play for dominance being made by establishment powers, with Mark Goodwin's and Whitney Webb's incredible piece, "Trump Embraces the Bitcoin-Dollar."

Check out the original article at Trump Embraces the “Bitcoin-Dollar”, Stablecoins to Entrench US Financial Hegemony (Link: https://tinyurl.com/d692dxkd)

Links to check out

Chain of Custody by Whitney Webb and Mark Goodwin (Link: https://tinyurl.com/3b26br9u)
UnlimitedHangout.com (Link: https://unlimitedhangout.com/)
Tether's Backing & Pear w/ Paolo Ardoino & Mathias Buus [BTC194] (Link: https://tinyurl.com/nwmk2wd3)
The Death of the Eurodollar System | QPOL Issue #39 by Phil Gibson (Link: https://tinyurl.com/yc4ywxkd)
Robert F. Kennedy Jr. Bitcoin 2024 Keynote Speech (Link: https://tinyurl.com/cer8v6bh)
Donald Trump Bitcoin 2024 Keynote Speech (Link: https://tinyurl.com/hrwpeau5)

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.com/theguyswann)
Guy on TikTok (Link: https://www.tiktok.com/@theguyswann)
Guy on YouTube (Link: https://www.youtube.com/@theguyswann)
⁠Bitcoin Audible on X⁠ (Link: https://twitter.com/BitcoinAudible)
The Guy Swann Network Broadcast Room on Keet (Link: https://tinyurl.com/3na6v839)

Check out our awesome sponsors!

Get ⁠10% off the COLDCARD⁠ with code BITCOINAUDIBLE ⁠⁠⁠⁠⁠⁠(Link: https://bitcoinaudible.com/coldcard)
Swan⁠: The best way to buy, learn, and earn #Bitcoin (Link: https://swanbitcoin.com)

"It is better to be hated for what you are than to be loved for what you are not." - Andre Gide

**"The government is more than half of the economy. They control everything.

What this new battleground is showing is that in the Bitcoin world, within the Bitcoin environment, they're going to have to Samourai Wallet every one of us to get that money, which means it's not going to work. There's either going to be a revolution or society goes from a quiet fraud of 60% of our wealth to guns and whips stealing 60% of our wealth.

That second one is not sustainable."
- Guy Swann**

In this episode of the Bitcoin Audible podcast, I’m excited to share my conversation from the Swan Signal podcast. Sam and I dive headfirst into the hidden truths behind money hoarding and the insidious effects of inflation on our society.

We peel back the layers on how these economic forces shape our daily lives, often in ways we don’t even realize. We also discuss why we celebrate Bitcoin Pizza Day - an iconic moment in Bitcoin history that symbolizes so much more than just a couple of pizzas - and much more.

This episode is a deep dive into the forces that drive our financial world and how Bitcoin stands as a beacon of hope in the midst of it all. It’s an episode that will challenge what you think you know about money and inflation.

Link to the original episode on Swan Signal Youtube.

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.com/theguyswann)
Guy on TikTok (Link: https://www.tiktok.com/@theguyswann)
Guy on YouTube (Link: https://www.youtube.com/@theguyswann)
⁠Bitcoin Audible on X⁠ (Link: https://twitter.com/BitcoinAudible)
The Guy Swann Network Broadcast Room on Keet (Link: https://tinyurl.com/3na6v839)

Check out our awesome sponsors!

Get ⁠10% off the COLDCARD⁠ with code BITCOINAUDIBLE ⁠⁠⁠⁠⁠⁠(Link: https://bitcoinaudible.com/coldcard)
Swan⁠: The best way to buy, learn, and earn #Bitcoin (Link: https://swanbitcoin.com)

"The Fed, knowingly or not, is basically in charge of the global financial system. They may shout, “We raise rates in the US to fight inflation, global consequences be damned!!” – But that’s a hell of a lot more difficult to follow when large G7 countries are in the early stages of a full blown currency crisis.The most serious implication is that the Fed is responsible for supplying dollars to everyone. When they raise rates, they trigger a margin call on the entire world."
— Peruvian Bull

What happens when the world's third-largest economy faces the impossible trilemma? As central banks play a dangerous game of monetary policy, will the dominoes fall, triggering a worldwide economic meltdown? We dive into a great exploration from The Dollar Endgame, on what is happening in Japanese markets, why there was such a sharp drop in the Nikkei, and how the situation amounts to a decision between two great disasters: currency collapse, or economic collapse? Which Godzilla will they choose?

Check out the original article at Godzilla Returns (Link: https://tinyurl.com/bdf4se5y)

Links to check out

Strong Towns: A Bottom-Up Revolution to Rebuild American Prosperity (Link: https://www.strongtowns.org/strong-towns-book)
China's Hidden Banking Crisis (Link: https://tinyurl.com/yc6wp386)

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.com/theguyswann)
Guy on TikTok (Link: https://www.tiktok.com/@theguyswann)
Guy on YouTube (Link: https://www.youtube.com/@theguyswann)
⁠Bitcoin Audible on X⁠ (Link: https://twitter.com/BitcoinAudible)
The Guy Swann Network Broadcast Room on Keet (Link: https://tinyurl.com/3na6v839)

Check out our awesome sponsors!

Get ⁠10% off the COLDCARD⁠ with code BITCOINAUDIBLE ⁠⁠⁠⁠⁠⁠(Link: https://bitcoinaudible.com/coldcard)
Swan⁠: The best way to buy, learn, and earn #Bitcoin (Link: https://swanbitcoin.com)

“For money as for all other activities of man, “liberty is the mother, not the daughter, of order.”
― Murray N. Rothbard

"The government and the corporate environment so desperately want us to centralize so they can they can have total surveillance and they can have backdoors into everybody's stuff.
They're abusive and everything, but not everything's imploded yet. And that continues on. But we continue in this trajectory until at some point, the some little thing breaks or somebody actually makes a concerted effort to land an attack. And just because it's so clear that we are so vulnerable, and we realize that we have committed suicide.
We have set up all of the tools and all of the environment necessary for someone else to absolutely obliterate us. And we did it because we just wanted to spy on everybody's $600 transactions."
~ Guy Swann

What drives a Bitcoiner to dive deep into the world of decentralized finance and privacy-focused tools? Join me in this episode as I sit down with Daniel Prince to explore the intersections of Bitcoin, privacy, and personal freedom, discussing everything from the power of homeschooling to the future of digital sovereignty. Could these tools and philosophies be the key to unlocking a truly decentralized future?

Links to check out

Codebreakers by David Kahn (Link: https://tinyurl.com/32r2ncvw)
Read_788 - Stone Ridge 2023 Investor Letter (Link: https://tinyurl.com/pkyf3b45)

Guest Links

Daniel Prince on Twitter (Link: https://x.com/Princey21M)
Daniel Prince on The Orange Pill App (Link: https://tinyurl.com/ys995vdk)
Konsensus Network on YouTube (Link: https://www.youtube.com/@KonsensusNetwork)
Daniel Prince on YouTube (Link: https://www.youtube.com/@danielprince1038)
Once Bitten on Spotify (Link: https://open.spotify.com/show/4wWzXFEyAJtM6aOLA6c4Q2?si=73ec8d7b173b44b2)

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.com/theguyswann)
Guy on TikTok (Link: https://www.tiktok.com/@theguyswann)
Guy on YouTube (Link: https://www.youtube.com/@theguyswann)
⁠Bitcoin Audible on X⁠ (Link: https://twitter.com/BitcoinAudible)
The Guy Swann Network Broadcast Room on Keet (Link: https://tinyurl.com/3na6v839)

Check out our awesome sponsors!

Get ⁠10% off the COLDCARD⁠ with code BITCOINAUDIBLE ⁠⁠⁠⁠⁠⁠(Link: https://bitcoinaudible.com/coldcard)
Swan⁠: The best way to buy, learn, and earn #Bitcoin (Link: https://swanbitcoin.com)

"In fact, this is the key feature that re-energized me toward Nostr a second time after my initial experience with it. Bitcoin and Nostr combined together work like an international decentralized open-source Venmo. It’s a method of payment combined with payment discovery."
— Lyn Alden

How might Nostr's open-source protocol transform our digital identities and interactions? What challenges lie ahead for its adoption and sustainability? Join us as we explore the power of Nostr with Lyn Alden's recent piece, and its implications for the future of the internet and Bitcoin ecosystem.

Check out the original article at The Power of Nostr: Decentralized Social Media and More by Lyn Alden.

Mentioned in the article

The Power of Open Source by Jack Dorsey & Lyn Alden (Link: https://tinyurl.com/mpv5sxn5)

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.com/theguyswann)
Guy on TikTok (Link: https://www.tiktok.com/@theguyswann)
Guy on YouTube (Link: https://www.youtube.com/@theguyswann)
⁠Bitcoin Audible on X⁠ (Link: https://twitter.com/BitcoinAudible)
The Guy Swann Network Broadcast Room on Keet (Link: https://tinyurl.com/3na6v839)

Check out our awesome sponsors!

Get ⁠10% off the COLDCARD⁠ with code BITCOINAUDIBLE ⁠⁠⁠⁠⁠⁠(Link: https://bitcoinaudible.com/coldcard)
Swan⁠: The best way to buy, learn, and earn #Bitcoin (Link: https://swanbitcoin.com)

"Lenin was certainly right. There is no subtler, no surer means of over- turning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose."
~ John Maynard Keynes

"It would be wrong to think of Cypherpunks as a formal group. It's more a gathering of those who share a predilection for codes, a passion for privacy, and the gumption to do something about it. Anyone who decides to spread personal crypto or its gospel is a traveler in the territory of Cypherpunk."
— Steven Levy

Today we journey back to 1993 to explore a seminal article on the cypherpunk movement and the battle for digital privacy. How have the concerns raised three decades ago evolved in our modern digital landscape? What progress has been made, and what challenges remain? Join us as we examine the roots of the crypto revolution and its implications for our future, asking: Are we any closer to achieving the cypherpunks' vision of a privacy-preserving and sovereign digital world?

Check out the original article at Crypto Rebels (Link: https://tinyurl.com/5bxfrp7v)

Guest Links

Steven Levy on Twitter(Link: https://x.com/StevenLevy)
Steven Levy Website (Link: https://www.stevenlevy.com/)

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.com/theguyswann)
Guy on TikTok (Link: https://www.tiktok.com/@theguyswann)
Guy on YouTube (Link: https://www.youtube.com/@theguyswann)
⁠Bitcoin Audible on X⁠ (Link: https://twitter.com/BitcoinAudible)
The Guy Swann Network Broadcast Room on Keet (Link: https://tinyurl.com/3na6v839)

Check out our awesome sponsors!

Get ⁠10% off the COLDCARD⁠ with code BITCOINAUDIBLE ⁠⁠⁠⁠⁠⁠(Link: https://bitcoinaudible.com/coldcard)
Swan⁠: The best way to buy, learn, and earn #Bitcoin (Link: https://swanbitcoin.com)

"When making public policy decisions about new technologies for the Government, I think one should ask oneself which technologies would best strengthen the hand of a police state. Then, do not allow the Government to deploy those technologies."
— Phil Zimmermann

"My thinking is always resilience. How did I make Proton resilient? And the conclusion I came to after thinking about it for a long time is actually the best way to be resilient is to enable the entire Proton community of 100 million people to very, very easily adopt Bitcoin, which is a form of money that's outside of centralized control." ~ Andy Yen

In this episode of Bitcoin Audible, we dive into a fascinating conversation with Andy Yen, the CEO of Proton, uncovering the intriguing story of how Proton's origins are deeply intertwined with Bitcoin. Discover how this privacy-focused company is challenging the norms by integrating Bitcoin into its ecosystem and offering a non-custodial wallet service. Could Proton's innovative approach be the key to unlocking a new era of digital privacy and financial freedom?

Links to check out

ProtonMail (Link: https://mail.proton.me/)
Proton VPN (Link: https://protonvpn.com/)
Proton Wallet (Link: https://proton.me/wallet)
Proton Wallet on Twitter (Link: https://twitter.com/ProtonWallet)
Phoenix Wallet (Link: https://phoenix.acinq.co/)
Breeze SDK (Link: https://breez.technology/sdk/)
Nunchuk Wallet (Link: https://nunchuk.io/)
LightSpark (Link: https://www.lightspark.com/)

Guest Links

Andy Yen on Twitter (Link: https://twitter.com/andyyen)

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.com/theguyswann)
Guy on TikTok (Link: https://www.tiktok.com/@theguyswann)
Guy on YouTube (Link: https://www.youtube.com/@theguyswann)
⁠Bitcoin Audible on X⁠ (Link: https://twitter.com/BitcoinAudible)
The Guy Swann Network Broadcast Room on Keet (Link: https://tinyurl.com/3na6v839)

Check out our awesome sponsors!

Get ⁠10% off the COLDCARD⁠ with code BITCOINAUDIBLE ⁠⁠⁠⁠⁠⁠(Link: https://bitcoinaudible.com/coldcard)
Swan⁠: The best way to buy, learn, and earn #Bitcoin (Link: https://swanbitcoin.com)

"Lightning has already achieved a critical mass. It’s already obvious how a Cashu subnetwork and Fedimint subnetworks will communicate with each other: Lightning. That’s how they were designed, so switching the common language between networks would require rebuilding most of their parts. Like English, whatever language subnetworks use internally, Lightning is the language they use to speak to each other, and it’s already locked in." ~ Roy Sheinfeld

Lightning is emerging as the common protocol, or language, for the entire ecosystem of Bitcoin subnets and payment technologies. Will this standardization accelerate innovation and adoption in the Bitcoin ecosystem? What implications does this have for the future of Bitcoin infrastructure and its competition with traditional financial systems?

Check out the original article at Lightning Is the Common Language of the Bitcoin Economy by Roy Sheinfeld (Link: https://tinyurl.com/4689txvy)

Links to check out

Breeze Technology Blog (Link: https://tinyurl.com/y7349x3r)
CASHU (Link: https://cashu.space/)
Fedimint (Link: https://fedimint.org/)
Ark Labs (Link: https://arklabs.to/)
The Power of Nostr: Decentralized Social Media and More by Lyn Alden (Link: https://tinyurl.com/3u47w3xz)
Aqua Wallet Liquid & Lightning (Link: https://aquawallet.io/)

Guest Links

Roy on Twitter⁠ (Link: https://twitter.com/therealkingonly)
⁠Roy on nostr⁠ (Link: http://tinyurl.com/8vzr4zdn)

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.com/theguyswann)
Guy on TikTok (Link: https://www.tiktok.com/@theguyswann)
Guy on YouTube (Link: https://www.youtube.com/@theguyswann)
⁠Bitcoin Audible on X⁠ (Link: https://twitter.com/BitcoinAudible)
The Guy Swann Network Broadcast Room on Keet (Link: https://tinyurl.com/3na6v839)

Check out our awesome sponsors!

Get ⁠10% off the COLDCARD⁠ with code BITCOINAUDIBLE ⁠⁠⁠⁠⁠⁠(Link: https://bitcoinaudible.com/coldcard)
Swan⁠: The best way to buy, learn, and earn #Bitcoin (Link: https://swanbitcoin.com)

"Historically, what do nations do when they're on a gold standard and they need to fight a war? They just suspend the gold standard. The difference is that what Bitcoin brings is this decentralization, where if you were truly on a Bitcoin standard, someone in Washington, D.C. couldn't just say, "We're going off the Bitcoin standard now." That's the power that Bitcoin has, that you can actually have a chance at separating money and the state, and that is the most important thing in the world to do."~ Dave Smith

In this episode of the Bitcoin Audible podcast, I'm releasing an insightful panel discussion from the Bitcoin 2024 event, where I was joined by three brilliant minds - Mark Moss, Luke Gromen, and Dave Smith.We dive deep into a crucial topic: the intersection of government overreach, fiscal irresponsibility, and Bitcoin's transformative potential.
We explore how government control over money has fueled endless wars, cultural manipulation, and economic distortions. Our conversation delves into the ways Bitcoin, and its decentralized nature, might be the key to separating money from state control, leading us toward a future of fiscal responsibility and economic growth.
Join us as we discuss the current landscape of government spending and debt, and how Bitcoin offers a crucial solution to these pressing issues.

Original episode on the Bitcoin Magazine YouTube channel (Link: https://tinyurl.com/3xazeffm)

Bitcoin Magazine Links

BTC24 playlist on Youtube (Link: https://tinyurl.com/hrwpeau5)
Bitcoin Magazine Website (Link: https://bitcoinmagazine.com/)
BTC24 Website (Link: https://b.tc/conference/2024)

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.com/theguyswann)
Guy on TikTok (Link: https://www.tiktok.com/@theguyswann)
Guy on YouTube (Link: https://www.youtube.com/@theguyswann)
⁠Bitcoin Audible on X⁠ (Link: https://twitter.com/BitcoinAudible)
The Guy Swann Network Broadcast Room on Keet (Link: https://tinyurl.com/3na6v839)

Check out our awesome sponsors!

Get ⁠10% off the COLDCARD⁠ with code BITCOINAUDIBLE ⁠⁠⁠⁠⁠⁠(Link: https://bitcoinaudible.com/coldcard)
Swan⁠: The best way to buy, learn, and earn #Bitcoin (Link: https://swanbitcoin.com)

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 “Mafia” Holding The Elite’s Bitcoin by Mark Goodwin and Whitney Webb (Link: https://tinyurl.com/2hkzykrv)
The Bitcoin-Dollar: An Economic Monomyth by Mark Goodwin (Link: https://tinyurl.com/4rr8a6c5)
Donald Trump Bitcoin 2024 Keynote Speech - Bitcoin Magazine YouTube (Link: https://tinyurl.com/3xz4cpbn)
Robert F. Kennedy Jr. Bitcoin 2024 Keynote Speech - Bitcoin Magazine YouTube (Link: https://tinyurl.com/39nd3zap)
Strap In For The Bitcoin Dollar by L0la L33tz on The Rage (Link: https://tinyurl.com/3k6amk5r)
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.com/theguyswann)
Guy on TikTok (Link: https://www.tiktok.com/@theguyswann)
Guy on YouTube (Link: https://www.youtube.com/@theguyswann)
⁠Bitcoin Audible on X⁠ (Link: https://twitter.com/BitcoinAudible)
The Guy Swann Network Broadcast Room on Keet (Link: https://tinyurl.com/3na6v839)

Check out our awesome sponsors!

Get ⁠10% off the COLDCARD⁠ with code BITCOINAUDIBLE ⁠⁠⁠⁠⁠⁠(Link: https://bitcoinaudible.com/coldcard)
Swan⁠: The best way to buy, learn, and earn #Bitcoin (Link: https://swanbitcoin.com)

"Whenever you find yourself on the side of the majority, it is time to reform, or pause and reflect.” ~ Mark Twain

None

"Something else has to go down in order for something to go up. That's why it is specifically a relative weight between all of these things... You can't just charge $100,000 dollars for something if nobody has that money, and then think that you're gonna sell it. You'll never can't sell it for that. You can't sell something for an amount of money that doesn't exist. Just look at the stock market. You're just looking at money printing going into the financial system before going into everything else. That's all it is."
~ Guy SwannOriginal episode on the Meme Factory™ YouTube channel (Link: https://tinyurl.com/ybjvz4f2)

Meme Factory™ Links

Meme Factory™ Website: (Link: https://www.memefactorytm.com)
Meme Factory™ Twitter: (Link: https://twitter.com/MemeFactoryTM)
Meme Factory™ Merch: (Link: https://mfmerch.com/)

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.com/theguyswann)
Guy on TikTok (Link: https://www.tiktok.com/@theguyswann)
Guy on YouTube (Link: https://www.youtube.com/@theguyswann)
⁠Bitcoin Audible on X⁠ (Link: https://twitter.com/BitcoinAudible)
The Guy Swann Network Broadcast Room on Keet (Link: https://tinyurl.com/3na6v839)

Check out our awesome sponsors!

Get ⁠10% off the COLDCARD⁠ with code BITCOINAUDIBLE ⁠⁠⁠⁠⁠⁠(Link: https://bitcoinaudible.com/coldcard)
Swan⁠: The best way to buy, learn, and earn #Bitcoin (Link: https://swanbitcoin.com)

It's time to accept some hard truths. Today we are going to challenge some common assumptions about Bitcoin's scalability, privacy, and transaction fees. Is Bitcoin really even global peer-to-peer cash for everyone? Is privacy even still in the cards for Bitcoin? Is there anything left in crypto at all? And what will be the future nature of fees when Bitcoin is a global dominant store of value, and is there an analogous market can we explore today for insight into what this market may look like in the coming decades? It's time for a Guy's take episode... Links to check out- Bitcoin 2024 conference (Link: https://b.tc/conference/2024)
- Situational Awareness series on AI Unchained (Link: https://tinyurl.com/33rpewj2)
- Ark Labs (Link: https://arklabs.to/)
- Fedimint (Link: https://fedimint.org/) 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.com/theguyswann)
Guy on TikTok (Link: https://www.tiktok.com/@theguyswann)
Guy on YouTube (Link: https://www.youtube.com/@theguyswann)
⁠Bitcoin Audible on X⁠ (Link: https://twitter.com/BitcoinAudible)
The Guy Swann Network Broadcast Room on Keet (Link: https://tinyurl.com/3na6v839)

Check out our awesome sponsors!

Get ⁠10% off the COLDCARD⁠ with code BITCOINAUDIBLE ⁠⁠⁠⁠⁠⁠(Link: https://bitcoinaudible.com/coldcard)
Swan⁠: The best way to buy, learn, and earn #Bitcoin (Link: https://swanbitcoin.com)

“Yesterday I was clever, so I wanted to change the world. Today I am wise, so I am changing myself.” ~ Rumi

"I really wanted to screen share stuff with people and make it as easy as possible and I got fed up. So I was just like, okay, you know, let's throw this up and let's stick on a nostr log in and let's add lightning zaps to it as a starting point. It was pushed out a bit prematurely, but... I think a lot of people want to use it.. they want a way to talk to other people where you're not really getting tracked.
We want to be able to provide a space where people don't feel like there's some Googly eyes watching whatever they're talking about. And I don't want to know either... the way I think about this is if someone comes along and subpoenas penis that server, there's nothing there."
~ BitKarrot

What if the future of the internet lies in decentralized, peer-to-peer technologies? In this wide-ranging conversation with BitKarrot, explore the challenges and opportunities of building open-source projects in the Bitcoin and Nostr ecosystems. From the intricacies of monetization to the potential of AI integration, discover how developers are working to create a more private, sovereign internet experience. But can these grassroots efforts compete with the centralized tech giants, and what hurdles must be overcome to achieve mass adoption?

Links to check out

Donate (Link: https://invincible-privacy.github.io/donate/projects/)
Plabnet.dev (Link: https://plebnet.dev)
Sovbiz (Link: https://sov.biz/)
Coinos (Link: https://coinos.io/)
LNBits.com (Link: https://lnbits.com/)

Guest Links

Bitkarrot on Twitter (Link: https://twitter.com/BITKARROT)
Bitkarrot on Nostree (Link: https://nostree.me/bitkarrot@lnaddy.com)
Bitkarrot on Primal (Link: https://primal.net/bitkarrot)

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.com/theguyswann)
Guy on TikTok (Link: https://www.tiktok.com/@theguyswann)
Guy on YouTube (Link: https://www.youtube.com/@theguyswann)
⁠Bitcoin Audible on X⁠ (Link: https://twitter.com/BitcoinAudible)
The Guy Swann Network Broadcast Room on Keet (Link: https://tinyurl.com/3na6v839)

Check out our awesome sponsors!

Get ⁠10% off the COLDCARD⁠ with code BITCOINAUDIBLE ⁠⁠⁠⁠⁠⁠(Link: https://bitcoinaudible.com/coldcard)
Swan⁠: The best way to buy, learn, and earn #Bitcoin (Link: https://swanbitcoin.com)

"Only the giant corporations are gonna have this and anybody less than a billion dollars, these won't exist. And that was scary, I was like, this can undo what Bitcoin is doing unless we get ahead of this. Luckily I actually now think that despite the fact that there will elements of centralizing forces in AI, this will contribute more to the diseconomies of scale of the giant corporate setup and the government institutions in the sense that the bigger you are, the less it helps you."
~ Guy Swann

I had the pleasure of chatting with Preston Pysh about the fascinating intersection of AI, Bitcoin, and identity. This conversation dives deep into the transformative potential of AI and its implications for the future of decentralized systems. We explore how AI can synthesize vast amounts of information and discuss why AI models might become a decentralizing force. We also delve into the incentives driving data accumulation and why starting AI models from scratch isn't the optimal approach. Additionally, I share my thoughts on Sam Altman's World Coin and the growing connection between identity and AI, including how to navigate this pairing. Finally, we touch on the necessity of immediate settlement for AI advancements. Tune in to explore these compelling topics and more!

Original episode on The Investor's Podcast Network (Link: https://tinyurl.com/yc7anptk)

The Investor's Podcast Network Links

Preston Pysh on X (Link: https://twitter.com/markgoodw_in)
Preston Pysh's Podcast (Link: https://link.chtbl.com/TIP-BTC)
Preston Pysh Website (Link: https://linktr.ee/whitneywebb)

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.com/theguyswann)
Guy on TikTok (Link: https://www.tiktok.com/@theguyswann)
Guy on YouTube (Link: https://www.youtube.com/@theguyswann)
⁠Bitcoin Audible on X⁠ (Link: https://twitter.com/BitcoinAudible)
The Guy Swann Network Broadcast Room on Keet (Link: https://tinyurl.com/3na6v839)

Check out our awesome sponsors!

Get ⁠10% off the COLDCARD⁠ with code BITCOINAUDIBLE ⁠⁠⁠⁠⁠⁠(Link: https://bitcoinaudible.com/coldcard)
Swan⁠: The best way to buy, learn, and earn #Bitcoin (Link: https://swanbitcoin.com)

"The former Speaker predicts "The dollar will suffer a major confidence shock” and as a result asks, “What can be done?” His immediate answer is to “start by taking stablecoins seriously.” Dollar-backed stablecoins are arriving as “an important net purchaser of U.S. government debt,” with stablecoin issuers now the 18th largest holder of US Debt. Ryan goes on to say that “if fiat-backed dollar stablecoin issuers were a country,” that nation “would sit just outside the top 10 in countries holding Treasurys,” still less than Hong Kong but “larger than Saudi Arabia,” our former partner in the petrodollar system."
~Mark Goodwin & Whitney Webb

In the shadowy world where finance meets technology, a select group of powerful players are shaping the future of money itself. From the founding of Visa to the halls of Harvard and the US Treasury, follow the intricate web connecting Wences Casares' bitcoin vault Xapo to Wall Street giants and former government officials. As regulatory battles loom, will this new financial paradigm strengthen or undermine traditional banking and government control? Find out in Part 2 of Chain of Custody.

Check out the original article at The Chain of Custody: The "Mafia" Holding The Elite's Bitcoin (Link:https://tinyurl.com/29v5tvy3)

Link to check out:

"The Bitcoin-Dollar: An Economic Monomyth" by Mark Goodwin (Link: https://tinyurl.com/49sufj7t)

Guest Links

Mark Goodwin on X (Link: https://twitter.com/markgoodw_in)
The Bitcoin Dollar by Mark Goodwin (Link: https://tinyurl.com/5xvud4d8)
Whitney Webb Linktree (Link: https://linktr.ee/whitneywebb)
Whitney Webb Twitter (Link: https://twitter.com/_whitneywebb)

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.com/theguyswann)
Guy on TikTok (Link: https://www.tiktok.com/@theguyswann)
Guy on YouTube (Link: https://www.youtube.com/@theguyswann)
⁠Bitcoin Audible on X⁠ (Link: https://twitter.com/BitcoinAudible)
The Guy Swann Network Broadcast Room on Keet (Link: https://tinyurl.com/3na6v839)

Check out our awesome sponsors!

Get ⁠10% off the COLDCARD⁠ with code BITCOINAUDIBLE ⁠⁠⁠⁠⁠⁠(Link: https://bitcoinaudible.com/coldcard)
Swan⁠: The best way to buy, learn, and earn #Bitcoin (Link: https://swanbitcoin.com)

None

"Much like the World Economic Forum’s Young Global Leaders program has facilitated the placement of its trained, ideological allies in positions of top political power around the world, groups like Endeavor and their equivalents help ensure that similarly controlled business leaders dominate the private sector and become the public face of emerging market monopolies that are, ultimately, part of a broader network." ~ Mark Goodwin & Whitney Webb

What if a network of powerful governments and billionaires were quietly digging their tentacles into emerging markets around the world to hold sway over a publci-private partnership that shaped policies and governance around the world? Today we dive into a complex web of connections linking tech giants, "philanthropists," intelligence agencies and more to a broader network of institutions vying for control over the markets and political systems of developing countries the world over, and who have sunk their teeth into the Bitcoin world as well. A wild investigation by Mark Goodwin and Whitney Webb that is not to be missed.

Check out the original article at The Chain of Custody: The "Mafia" Holding The Elite's Bitcoin (Link: https://tinyurl.com/yu4958p5)

Links:

One Nation Under Blackmail, Vol. 1 (Link: https://tinyurl.com/ybrktuy4)
One Nation Under Blackmail, Vol. 2 (Link: https://tinyurl.com/44j9zybd)
AI Unchained Podcast on Fountain (Link: https://tinyurl.com/mwp98a7b)
Nostr (Link: https://nostr.com/)

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.com/theguyswann)
Guy on TikTok (Link: https://www.tiktok.com/@theguyswann)
Guy on YouTube (Link: https://www.youtube.com/@theguyswann)
⁠Bitcoin Audible on X⁠ (Link: https://twitter.com/BitcoinAudible)
The Guy Swann Network Broadcast Room on Keet (Link: https://tinyurl.com/3na6v839)

Check out our awesome sponsors!

Get ⁠10% off the COLDCARD⁠ with code BITCOINAUDIBLE ⁠⁠⁠⁠⁠⁠(Link: https://bitcoinaudible.com/coldcard)
Swan⁠: The best way to buy, learn, and earn #Bitcoin (Link: https://swanbitcoin.com)

“Think before you speak. Read before you think.” ~ Fran Lebowitz

None

"You eliminate 99% of the attack surface to a single moment in time, which is the beginning. And when you do that, would-be attackers are forced to take risks and make mistakes. You know, when someone is planning on doing election fraud, this doesn't mean that it's impossible for them to do it. But it narrows the window so much that they are likely going to mess up. And when they mess up, you catch them." ~ Carlino

When people usually talk about alternative bitcoin "utility" they often mean NFTs, trash tokens, and "jpegs on the blockchain." But what if there really is another utility, one that doesn't suffer the damaging externalities and is closer to the core of what the timechain really is? Could Bitcoin protect the integrity of national elections? Diving into groundbreaking case study from Guatemala, we explore this idea with Carlino. Can this revolutionary approach be applied globally to ensure transparent and tamper-proof democratic processes?

Links to check out

Documentary "Immutable Democracy": Watch a 15-minute film on how Bitcoin was used to secure Guatemala's elections - Fiscal Digital. (Link: https://fiscaldigital.net/english)
Simple Proof (Link: https://simpleproof.com)
Digital Witness (Link: https://fiscaldigital.net/english)

Guest Links

Carlos Toriello on Twitter (Link: https://twitter.com/carlostoriello)

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.com/theguyswann)
Guy on TikTok (Link: https://www.tiktok.com/@theguyswann)
Guy on YouTube (Link: https://www.youtube.com/@theguyswann)
⁠Bitcoin Audible on X⁠ (Link: https://twitter.com/BitcoinAudible)
The Guy Swann Network Broadcast Room on Keet (Link: https://tinyurl.com/3na6v839)

Check out our awesome sponsors!

Get ⁠10% off the COLDCARD⁠ with code BITCOINAUDIBLE ⁠⁠⁠⁠⁠⁠(Link: https://bitcoinaudible.com/coldcard)
Swan⁠: The best way to buy, learn, and earn #Bitcoin (Link: https://swanbitcoin.com)

"Submarine Swaps employ hash time-locked contracts (HTLCs), which in layperson’s terms, enable two transactions (both sides of the swap) to happen simultaneously by linking them together cryptographically inside of a smart contract. Using this technology, there is no way for one exchange to occur without the other occurring at the same moment.

This is the most trustless solution that exists for moving sats between Bitcoin layers." ~ Frank Corva

What role do trustless bridges play in connecting Bitcoin's various layers? Dive into the world of Boltz, a non-custodial exchange service that's quietly revolutionizing how we move Bitcoin between the base chain, Lightning Network, and Liquid. Discover how atomic swaps and submarine swaps are making cross-layer transfers more efficient and seamless. What implications do they hold for the future of Bitcoin's layered ecosystem?

Check out the original article at Between Bitcoin Layers: Boltz Builds Trustless Transfers (Link: https://tinyurl.com/3rv7xuar)

Links to check out:

Boltz (Link: boltz.exchange)
What Are Taproot Swaps? by Che Kohler (Link: https://tinyurl.com/4kwekbar)
Breeze Wallet [iOS (Link: https://tinyurl.com/3yyfeh6d) / Android (Link: https://tinyurl.com/mr2xdatd)]
Aqua Wallet [iOS (Link: https://tinyurl.com/3uekhxhu)/ Android (Link: https://tinyurl.com/358wjk8x)]
Phoenix Wallet [iOS (Link: https://tinyurl.com/4np9k8me) / Android (Link: https://tinyurl.com/2hkwbrer)]
Pears (Link: https://pears.com/)
Keet (Link: https://keet.io/)
Nostr.com (Link: https://nostr.com/)
Nostr.how (Link: https://nostr.how/)
Hedgehog: A protocol for improved layer two bitcoin payments (Link: https://github.com/supertestnet/hedgehog)

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.com/theguyswann)
Guy on TikTok (Link: https://www.tiktok.com/@theguyswann)
Guy on YouTube (Link: https://www.youtube.com/@theguyswann)
⁠Bitcoin Audible on X⁠ (Link: https://twitter.com/BitcoinAudible)
The Guy Swann Network Broadcast Room on Keet (Link: https://tinyurl.com/3na6v839)

Check out our awesome sponsors!

Get ⁠10% off the COLDCARD⁠ with code BITCOINAUDIBLE ⁠⁠⁠⁠⁠⁠(Link: https://bitcoinaudible.com/coldcard)
Swan⁠: The best way to buy, learn, and earn #Bitcoin (Link: https://swanbitcoin.com)

“The fool doth think he is wise, but the wise man knows himself to be a fool.” ~ William Shakespeare

"Whatever your setup is for storing the majority of your bitcoin - be it hot or cold, online or offline, software or hardware - if you can access and spend it in a matter of minutes, so can a robber armed with a $5 wrench. The _price_ for convenience is risk. This is not merely a theoretical scenario; I have cataloged over 50 physical attacks against bitcoin users, including myself!" ~ Jameson Lopp**

How can you protect your Bitcoin from physical attacks and ensure its safety in a world where even a $5 wrench can be a threat? In this episode, we start our way into Jameson Lopp's comprehensive guide on safeguarding your Bitcoin from coercion, exploring practical strategies and multi-layered security measures. Discover why privacy, multi-sig setups, and geographic separation of keys are crucial in the fight against physical threats to your crypto assets.

Check out the original article at:

How to protect your bitcoin from $5 wrench attacks (Link: https://tinyurl.com/4y8kmbtd)

Links to check out:

Office of Public Affairs | Man Convicted of Violent Home Invasion Robberies to Steal Cryptocurrency | United States Department of Justice (Link:https://tinyurl.com/3kdbb598)
physical-bitcoin-attacks/README.md on GitHub (Link: https://tinyurl.com/yc88nehu)
A Modest Privacy Protection Proposal (Link: https://tinyurl.com/4jrdscmu)
A home defense primer] (Link: Link: https://tinyurl.com/4a8h2ce4)
Bitcoin multisig time locking challenges | Casa (Link: https://tinyurl.com/3hefcx5f)

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.com/theguyswann)
Guy on TikTok (Link: https://www.tiktok.com/@theguyswann)
Guy on YouTube (Link: https://www.youtube.com/@theguyswann)
⁠Bitcoin Audible on X⁠ (Link: https://twitter.com/BitcoinAudible)
The Guy Swann Network Broadcast Room on Keet (Link: https://tinyurl.com/3na6v839)

Check out our awesome sponsors!

Get ⁠10% off the COLDCARD⁠ with code BITCOINAUDIBLE ⁠⁠⁠⁠⁠⁠(Link: https://bitcoinaudible.com/coldcard)
Swan⁠: The best way to buy, learn, and earn #Bitcoin (Link: https://swanbitcoin.com)

“The supreme art of war is to subdue the enemy without fighting.” ~ Sun Tzu, The Art of War

"When you have a child, you care more than anyone else about that child. You're caring about their long-term success and happiness and their health. If you look at just a first principles basis, what is the school interested in? What is the state interested in? It's more about compliance and conformity. It's not about creativity. It's not about critical thinking. It is conformity and compliance." ~ Tali & Scott

Can a board game teach Bitcoin better than a lecture? Join Tali, Scott, and me as we explore the power of storytelling and games in education, delve into the failures of traditional schooling, and discuss innovative ways to engage and educate about Bitcoin. Discover how a simple game can make complex economic concepts accessible and fun for everyone.

Links to check out

Dumbing Us Down: The Hidden Curriculum of Compulsory Schooling by John Taylor Gatto: (Link: https://tinyurl.com/hyuh97wr)
-Weapons of Mass Instruction: A Schoolteacher's Journey Through the Dark World of Compulsory Schooling by John Taylor Gatto (Link: https://tinyurl.com/4ceer95t)
The Life of Fred Elementary Set #1: Apples, Butterflies, Cats, Dogs by Dr Stanley Schmidt (Link: https://tinyurl.com/t8a5k3zn)
Singapore Math (Link: https://www.singaporemath.com)
Saxon Math Homeschool Curriculum (Link: https://tinyurl.com/ym759dx4)
Great Homeschool Conventions (Link: https://greathomeschoolconventions.com)
Learning How to Learn | Jim Kwik (Link: https://www.youtube.com/watch?v=AKJNdLMwa8A)
The Boy With the Broken Brain | Jim Kwik (Link: https://www.youtube.com/watch?v=-S9oUcqIj5k)
Limitless Expanded Edition: Upgrade Your Brain, Learn Anything Faster, and Unlock Your Exceptional Life by Jim Kwik (Link: https://www.amazon.com/Limitless-Expanded-Upgrade-Anything-Exceptional/dp/B0CQ5KQHHK/)
The Art of Learning: An Inner Journey to Optimal Performance by Josh Waitzkin & Tim Ferriss (Link: https://tinyurl.com/wznjz5b4)
Free Market Kids (Link: https://www.freemarketkids.com/)
Orange Hatter (Link: https://orangehatter.com)
Bitcoin Homeschoolers Podcast (Link: https://www.bitcoinhomeschoolers.com)
Homeschoolers Are Bitcoiners Who Don’t Know It Yet by Bitcoin Magazine (Link: https://bitcoinmagazine.com/culture/parallels-between-homeschool-and-bitcoin)
The best kindergarten you’ve ever seen - TED (Link: https://tinyurl.com/yc6cssm4)
What playing Monopoly with real money taught me about my kids--and humanity - TED (Link: https://tinyurl.com/2v4hsc6v)
Outliers: The Story of Success by Malcolm Gladwell on Amazon (Link: https://tinyurl.com/y986c52n)
Win Bigly: Persuasion in a World Where Facts Don't Matter by Scott Adams (Link: https://tinyurl.com/5y36dxa5)
Influence, New and Expanded: The Psychology of Persuasion by Robert B. Cialdini Amazon (Link: https://tinyurl.com/4dzr6skn)
GenCon Indy (Link: https://www.gencon.com/indy)
Origins Game Fair (Link: https://www.originsgamefair.com)

Guest Links

Free Market Kids Website (Link:https://www.originsgamefair.com)
Free Market Kids on Twitter (Link: https://twitter.com/freemarketkids)
Free Market Kids on Youtube (Link:https://www.youtube.com/@freemarketkids/videos)

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.com/theguyswann)
Guy on TikTok (Link: https://www.tiktok.com/@theguyswann)
Guy on YouTube (Link: https://www.youtube.com/@theguyswann)
⁠Bitcoin Audible on X⁠ (Link: https://twitter.com/BitcoinAudible)
The Guy Swann Network Broadcast Room on Keet (Link: https://tinyurl.com/3na6v839)

Check out our awesome sponsors!

Get ⁠10% off the COLDCARD⁠ with code BITCOINAUDIBLE ⁠⁠⁠⁠⁠⁠(Link: https://bitcoinaudible.com/coldcard)
Swan⁠: The best way to buy, learn, and earn #Bitcoin (Link: https://swanbitcoin.com)

Win Bigly: Persuasion in a World Where Facts Don't Matter

Influence, New and Expanded: The Psychology of Persuasion

Outliers: The Story of Success

"Joltz is one company that is actively building the necessary infrastructure to support this interoperability. By developing an SDK that allows wallets to integrate with swap providers easily, Joltz aims to streamline the process of connecting various sidechains with the Lightning Network. Highlighting the efficiency gains from using Lightning as a central hub."
~ Bitcoin Magazine

Can the Lightning Network be the key to Bitcoin's mass adoption and financial innovation? Dive into this episode as we explore the Lightning Alliance's ambitious plans, the revolutionary potential of Taproot assets, and the exciting new tools transforming the Bitcoin ecosystem. Discover how interoperability with lightning as the universal language of bitcoin and cutting-edge protocols are paving the way for a new era in decentralized finance.

Check out the original article at Bitcoin Lightning Alliance to Accelerate Adoption Using New Asset Protocol (Link: https://tinyurl.com/puafvhwr)

Links to check out:

Chat_093 - P2P Payments for the World with Roy Sheinfeld (Link: https://tinyurl.com/mrxbk6xc)
Mutiny Wallet (Link: https://www.mutinywallet.com/)
Read_824 - Ecash is Self-Custodial (Link: https://tinyurl.com/4m5ahf7b)

Host Links

⁠Guy on Nostr ⁠(Link: http://tinyurl.com/2xc96ney)
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Guy on TikTok (Link: https://www.tiktok.com/@theguyswann)
Guy on YouTube (Link: https://www.youtube.com/@theguyswann)
⁠Bitcoin Audible on X⁠ (Link: https://twitter.com/BitcoinAudible)
The Guy Swann Network Broadcast Room on Keet (Link: https://tinyurl.com/3na6v839)

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In a world where centralized platforms dominate, can peer-to-peer systems make a comeback? Today we explore the details of P2P technology, as well as the challenges that early P2P systems faced, and how modern technologies might overcome them. Discover how Bitcoin, Lightning, and emerging protocols could revolutionize file sharing, content distribution, and even AI computation. Are we on the brink of a new era of internet freedom and innovation?

Links to check out

Keet - A peer-to-peer chat application built on the Pear runtime (Link: https://keet.io/)
Holepunch - The company behind the Pear stack protocol (Link: https://holepunch.to/)
Holesail - A peer-to-peer file sharing and remote access tool (Link: https://holesail.io/)
PeerViewer - A peer-to-peer remote desktop application (Link: https://peerviewer.org/)
Nostr - A decentralized social networking protocol (Link: https://nostr.com/)
AI Unchained on Fountain (Link: https://tinyurl.com/mwp98a7b)
Access Your AI From ANYWHERE with Holesail (Link: https://www.youtube.com/watch?v=Ajxg-rX2Lao)

Check out the original article at Peer-to-Peer Systems – Communications of the ACM (Link: https://tinyurl.com/bdeh673x)

Guest Links

JonnyHodl on Twitter (Link: https://twitter.com/jonnyhodl)
jonnyhodl on Nostr (Link: https://tinyurl.com/9jdumj5h)
The Staying Free Podcast Linktree (Link: https://linktr.ee/stayingfreepod)
The Staying Free Podcast Website (Link: https://www.stayingfreepod.com/)
The Staying Free Podcast on Twitter (Link: https://twitter.com/stayingfreepod/)

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.com/theguyswann)
Guy on TikTok (Link: https://www.tiktok.com/@theguyswann)
Guy on YouTube (Link: https://www.youtube.com/@theguyswann)
⁠Bitcoin Audible on X⁠ (Link: https://twitter.com/BitcoinAudible)
The Guy Swann Network Broadcast Room on Keet (Link: https://tinyurl.com/3na6v839)

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Swan⁠: The best way to buy, learn, and earn #Bitcoin (Link: https://swanbitcoin.com)

“Technologies that change society are technologies that change interactions between people.” ~ César A. Hidalgo

This chat episode is a riveting conversation which was originally featured on The Staying Free Podcast with my friend jonnyhodl.
I delve deep into libertarian ethics, anarchism, and the necessity (or lack thereof) of the state. This thorough discussion sees Jonny playing devil’s advocate, challenging Guy to articulate and defend the principles of voluntarism and decentralized technology. Whether you're new to these concepts or a seasoned thinker, this episode offers valuable insights into the philosophical foundations that drive my advocacy for Bitcoin and libertarianism.
Tune in for an enlightening dialogue that bridges the worlds of Austrian economics, cypherpunk values, and more.

Original episode on Taxation and the Demise of Ethics. (Link:https://tinyurl.com/4mbzjxxf)

Guest Links

JonnyHodl on Twitter (Link: https://twitter.com/jonnyhodl)
jonnyhodl on Nostr (Link: https://tinyurl.com/9jdumj5h)
The Staying Free Podcast Linktree (Link: https://linktr.ee/stayingfreepod)
The Staying Free Podcast Website (Link: https://www.stayingfreepod.com/)
The Staying Free Podcast on Twitter (Link: https://twitter.com/stayingfreepod/)

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.com/theguyswann)
Guy on TikTok (Link: https://www.tiktok.com/@theguyswann)
Guy on YouTube (Link: https://www.youtube.com/@theguyswann)
⁠Bitcoin Audible on X⁠ (Link: https://twitter.com/BitcoinAudible)
The Guy Swann Network Broadcast Room on Keet (Link: https://tinyurl.com/3na6v839)

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Swan⁠: The best way to buy, learn, and earn #Bitcoin (Link: https://swanbitcoin.com)

"China’s current ways to censor the Internet are to block connections from IP servers serving content and block protocol-level attempts, such as Tor, at specific points. China is also incredibly aggressive in requesting Apple to do app store takedowns, which Apple regularly complies with. In 2022, for example, China was responsible for more than 97% of apps taken down by Apple for different countries. [...] Finally, within the country, law enforcement has access to physical surveillance and registered IDs of everybody in China who has purchased a phone, for example. Still, with all of this, and multiple regulatory notices and attempts to ban Bitcoin, China was not able to dent Bitcoin itself – which is humming along at a much better price level and activity level than the level of bans implemented by China."
~ China Bitcoin Book

How did Bitcoin not just survive but thrive despite China's relentless bans and regulatory crackdowns? Join us as we explore Roger Huang's fascinating analysis of Bitcoin's resilience against one of the world's most powerful governments. Discover what this means for the future of decentralized technology and why Bitcoin's robustness continues to defy the odds.

Check out the original article at How Bitcoin Thrived Through China's Bans And Became Much Stronger (Link: https://chinabitcoinbook.com/?p=158)

Links to check out

Would Mao Hold Bitcoin? by Roger Huang (Link: https://tinyurl.com/yck3t29u)
The Blocksize War: The battle over who controls Bitcoin’s protocol rules (Link: https://tinyurl.com/2wf25fse)
Read #829 - Seamless and Scalable Bitcoin Payments (Link: https://tinyurl.com/3j9wzsss)

What I'm reading right now

The Mistborn Saga by Brandon Sanderson (Link: https://tinyurl.com/yckmh4c3)
The Alloy of Law by Brandon Sanderson - (Link: https://tinyurl.com/2dh3f4ns)

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.com/theguyswann)
Guy on TikTok (Link: https://www.tiktok.com/@theguyswann)
Guy on YouTube (Link: https://www.youtube.com/@theguyswann)
⁠Bitcoin Audible on X⁠ (Link: https://twitter.com/BitcoinAudible)
The Guy Swann Network Broadcast Room on Keet (Link: https://tinyurl.com/3na6v839)

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Swan⁠: The best way to buy, learn, and earn #Bitcoin (Link: https://swanbitcoin.com)

"The most powerful thing that Bitcoin did was establish a monetary foundation, a monetary policy that was not alterable
through a shallow, short term social consensus. That the protocol determines the rules, and then everyone is only able to fight within those rules, and any changes that are made can only occur within those rules, and anybody who tries to break those rules are necessarily forking off. And if they do not get overwhelming support to do that, the change simply doesn't succeed."-Guy Swann

Today, I'm excited to bring you a special episode featuring a marathon conversation I had on the Anarchast podcast,hosted by Patrick Smith. As a "big blocker" and supporter of Bitcoin Cash, Patrick and I delve into the heart of the Bitcoin Civil War, exploring the contentious debates between small and big block proponents.
In this in-depth discussion, we cover the contrasting perspectives of small and big block advocates, discussing "revelations" from Roger Ver's new book. We also discuss the critical implications of block size on Bitcoin's future, decentralization, and security.
This debate is one of my favorites, offering a comprehensive view of the trade-offs and arguments that shaped Bitcoin's history. Whether you're new to the debate or a seasoned Bitcoin enthusiast, this episode is packed with valuable insights.
Tune in and join us as we navigate the complexities of the Blocksize War.

Original episode on Anarchast YouTube Channel. (Link: https://tinyurl.com/mwuftsk7)

Host Links

Superchats (Link: https://streamlabs.com/TheAnarchast/tip)
Supporters (Link: https://Disenthrall.me/support)
Discord Link (Link: https://Disenthrall.me/Discord)
Platforms List (Link: https://Disenthrall.me/platforms)

Guest Links

⁠Guy on Nostr ⁠(Link: http://tinyurl.com/2xc96ney)
⁠Guy on X ⁠(Link: https://twitter.com/theguyswann)
Guy on Instagram (Link: https://www.instagram.com/theguyswann)
Guy on TikTok (Link: https://www.tiktok.com/@theguyswann)
Guy on YouTube (Link: https://www.youtube.com/@theguyswann)
⁠Bitcoin Audible on X⁠ (Link: https://twitter.com/BitcoinAudible)
The Guy Swann Network Broadcast Room on Keet (Link: https://tinyurl.com/3na6v839)

Check out our awesome sponsors!

Get ⁠10% off the COLDCARD⁠ with code BITCOINAUDIBLE ⁠⁠⁠⁠⁠⁠(Link: bitcoinaudible.com/coldcard⁠⁠⁠⁠⁠⁠)
Swan⁠: The best way to buy, learn, and earn #Bitcoin (Link: https://swanbitcoin.com)

"The last point is crucial — users can withdraw their Ark funds at any time, even if their ASP goes offline or ceases to exist. True self-custody." ~ Ark Labs

Do we finally have a genuine layer two protocol that offers both seamless payments and true self-custody? With frictionless onboarding and unilateral exits, can ARK solve the long-standing challenges of inbound liquidity and custodial risks? Discover the potential of this novel approach that combines elements of payment channels, e-cash, and Bitcoin itself, promising a game-changing layer two solution for the world of digital payments.

Check out the original article at Introducing Ark Labs: A new venture to bring seamless and scalable payments to bitcoin (Link: https://tinyurl.com/22wxnrsb)

Links to check out

Chat_097 - Lightning Offline with Super Testnet (Link: https://tinyurl.com/54yp5p94)
Read_734 - Introducing Ark [Burak] (Link: https://tinyurl.com/2v3fp2fh)
ARK Developer Hub (Link: https://github.com/ark-network)

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.com/theguyswann)
Guy on TikTok (Link: https://www.tiktok.com/@theguyswann)
Guy on YouTube (Link: https://www.youtube.com/@theguyswann)
⁠Bitcoin Audible on X⁠ (Link: https://twitter.com/BitcoinAudible)
The Guy Swann Network Broadcast Room on Keet (Link: https://tinyurl.com/3na6v839)

Check out our awesome sponsors!

Get ⁠10% off the COLDCARD⁠ with code BITCOINAUDIBLE ⁠⁠⁠⁠⁠⁠(Link: bitcoinaudible.com/coldcard⁠⁠⁠⁠⁠⁠)
Swan⁠: The best way to buy, learn, and earn #Bitcoin (Link: https://swanbitcoin.com)

"Rise and rise again, until lambs become lions." ~ Robinhood

Is deflation always a bad thing, or have we misunderstood its true impact on the economy? Join me as I unravel the misconceptions about deflation, explore the different types, and explain why modern economics gets it wrong. Discover how Bitcoin fits into this picture and what it means for real economic growth.

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)
Guy's Take - Fiat Finance (Link: https://fountain.fm/episode/0mPe87a9FOWQoHIPFytU)

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.com/theguyswann)
Guy on TikTok (Link: https://www.tiktok.com/@theguyswann)
Guy on YouTube (Link: https://www.youtube.com/@theguyswann)
⁠Bitcoin Audible on X⁠ (Link: https://twitter.com/BitcoinAudible)
The Guy Swann Network Broadcast Room on Keet (Link: https://tinyurl.com/3na6v839)

Check out our awesome sponsors!

Get ⁠10% off the COLDCARD⁠ with code BITCOINAUDIBLE ⁠⁠⁠⁠⁠⁠(Link: bitcoinaudible.com/coldcard⁠⁠⁠⁠⁠⁠)
Swan⁠: The best way to buy, learn, and earn #Bitcoin (Link: https://swanbitcoin.com/guy)

"It doesn't matter how smart you are, unless you stop and think."— Thomas Sowell

"Educating the world about bitcoin has succeeded in building a community of knowledgeable, dedicated, enthusiastic people from the fields of tech, economics, politics, and finance, but orange pilling has taken us as far as it can. Like many strategies, the marginal gains of educating the world were remarkable in the early stages, but they’ve flattened... Orange pilling has stopped working." - Roy Sheinfeld

Has Bitcoin's "orange-pilling" strategy reached its limits? Explore why traditional methods of educating the masses about Bitcoin are losing steam and discover the new approaches needed to drive adoption in a changing landscape. Join us as we delve into the future of Bitcoin adoption and the role of technology in creating real-world utility.

Check out the original article at Orange Pilling Has Stopped Working. (Link: https://tinyurl.com/4wvr9j37)

Links to check out

Breez SDK (Link: https://breez.technology/sdk/)
Arc Labs (Link: https://www.arclabs.co/)

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.com/theguyswann)
Guy on TikTok (Link: https://www.tiktok.com/@theguyswann)
Guy on YouTube (Link: https://www.youtube.com/@theguyswann)
⁠Bitcoin Audible on X⁠ (Link: https://twitter.com/BitcoinAudible)
The Guy Swann Network Broadcast Room on Keet (Link: https://tinyurl.com/3na6v839)

Check out our awesome sponsors!

Get ⁠10% off the COLDCARD⁠ with code BITCOINAUDIBLE ⁠⁠⁠⁠⁠⁠(Link: bitcoinaudible.com/coldcard⁠⁠⁠⁠⁠⁠)
Swan⁠: The best way to buy, learn, and earn #Bitcoin (Link: https://swanbitcoin.com)

“We don’t yet know the names of the architects who will build the next upgrade to the secret-killing machine. But we’ll know them by their work” -Andy Greenberg

"...that the lives and efforts of other men are not his property and are not there to serve his wishes. A rational man never holds a desire or pursues a goal which cannot be achieved directly or indirectly by his own effort." ~ Ayn Rand

Is the conflict between individual interests and society a myth? Discover how Ayn Rand's principles of rational self-interest challenge common beliefs about competition and cooperation, and what it means for our understanding of freedom and responsibility. Tune in to explore these thought-provoking ideas!

Check out the original article and other links mentioned in the commentary at:

The Virtue of Selfishness Series by Ayn Rand (Link: https://tinyurl.com/pf6sps6k)
Read_724 - The Virtue of Selfishness - The Objectivist Ethic [Ayn Rand] (Link: https://tinyurl.com/3xudvuak)
Guy's Take_086 - Fiat Waste (Link: https://tinyurl.com/ajetxy8z)

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.com/theguyswann)
Guy on TikTok (Link: https://www.tiktok.com/@theguyswann)
Guy on YouTube (Link: https://www.youtube.com/@theguyswann)
⁠Bitcoin Audible on X⁠ (Link: https://twitter.com/BitcoinAudible)
The Guy Swann Network Broadcast Room on Keet (Link: https://tinyurl.com/3na6v839)

Check out our awesome sponsors!

Get ⁠10% off the COLDCARD⁠ with code BITCOINAUDIBLE ⁠⁠⁠⁠⁠⁠(Link: bitcoinaudible.com/coldcard⁠⁠⁠⁠⁠⁠)
Swan⁠: The best way to buy, learn, and earn #Bitcoin (Link: https://swanbitcoin.com)

“The hardest thing to explain is the glaringly evident which everybody has decided not to see.”
~ Ayn Rand, The Fountainhead

"In _NRA_, the Court addressed a critical issue impacting not only traditional advocacy groups but any disfavored, but legal, industry. This ruling draws parallels to Operation Choke Point 2.0, where U.S. regulators have allegedly been targeting crypto businesses through financial exclusion. Moreover, the recent _Cantero_ decision sheds light on how this legal framework might impact Custodia Bank's appeal against the denial of their master account by the Federal Reserve."- Colin Crossman**

Multiple verdicts recently came down from the Supreme Court, and they may very well end up being ammunition to fight back against the gross regulatory overreach and extralegal attacks on the Bitcoin and crypto ecosystem. How might they change the fight against Operation Choke Point 2.0, squeezing the crypto market out of financial access, and how could it impact Custodia Bank's rejection and ongoing battle to get an account at the Federal Reserve? Find out what it means, and what we may be able to do about it, in a great article from Colin Crossman.

Check out the original article at NRA & Cantero in the Supreme Court: Implications for Operation Choke Point 2.0 and Custodia Bank (Link: https://tinyurl.com/59u77utn)

Guest Links

Colin Crossman on X (Link: https://twitter.com/Arceris_btc)
Colin Crossman on Nostr (Link: https://tinyurl.com/5n859u8z)

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.com/theguyswann)
Guy on TikTok (Link: https://www.tiktok.com/@theguyswann)
Guy on YouTube (Link: https://www.youtube.com/@theguyswann)
⁠Bitcoin Audible on X⁠ (Link: https://twitter.com/BitcoinAudible)
The Guy Swann Network Broadcast Room on Keet (Link: https://tinyurl.com/3na6v839)

Check out our awesome sponsors!

Get ⁠10% off the COLDCARD⁠ with code BITCOINAUDIBLE ⁠⁠⁠⁠⁠⁠(Link: bitcoinaudible.com/coldcard⁠⁠⁠⁠⁠⁠)
Swan⁠: The best way to buy, learn, and earn #Bitcoin (Link: https://swanbitcoin.com)

"The normative principle I am suggesting for the law is simply this: No action should be considered illicit or illegal unless it invades, or aggresses against, the person or just property of another."
- Murray Rothbard

What if the future of decentralization lies not just in Bitcoin, but in the convergence of a multitude of different technologies that bring power back to the individual? How can Bitcoin, AI and 3D printing together disrupt the centralized powers of today and redefine our world in the next 30 years? Dive into this episode with an article from Emile Phaneuf on the convergence of Bitcoin, AI, and localized manufacturing, and what it means for our technological and economic future.

Check out the original article at Decentralization and Localized Manufacturing: Bitcoin, AI and 3D Printing (Link: https://tinyurl.com/mr2wrbz6)

Links to check out

Read_813 - Mises's Regression Theorem, Bitcoin, and Subjective Value (Link:https://tinyurl.com/2bjebsw4)
008 - Ecash and Ai with Obi Nwosu (Link: https://tinyurl.com/dwekuuuu)
The Sovereign Individual: Mastering the Transition to the Information Age by James Dale Davidson William Rees-Mogg (Link: https://tinyurl.com/4yx9dj3a)

Guest Links

Emile Phaneuf III on X ⁠(Link: https://twitter.com/EconEmile)
⁠Emile Phaneuf III Website ⁠(Link: http://tinyurl.com/2xc96ney)

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.com/theguyswann)
Guy on TikTok (Link: https://www.tiktok.com/@theguyswann)
Guy on YouTube (Link: https://www.youtube.com/@theguyswann)
⁠Bitcoin Audible on X⁠ (Link: https://twitter.com/BitcoinAudible)
The Guy Swann Network Broadcast Room on Keet (Link: https://tinyurl.com/3na6v839)

Check out our awesome sponsors!

Get ⁠10% off the COLDCARD⁠ with code BITCOINAUDIBLE ⁠⁠⁠⁠⁠⁠(Link: bitcoinaudible.com/coldcard⁠⁠⁠⁠⁠⁠)
Swan⁠: The best way to buy, learn, and earn #Bitcoin (Link: https://swanbitcoin.com)

“Mass production keeps the world divided between consumer and producer. Demassification of production may hasten the speed towards an era of prosumers.”
- Michael Petch

"Fedimint is a scalable self-custodial off-chain programmability layer on top of Bitcoin. It allows for use cases that are difficult, time-consuming, and unscalable for general users to do on-chain today. You might think I had a typo calling Fedimint a self-custodial network. Let me explain..." ~ Tony Giorgio

Have we increasingly lost sight of the nuance in the market for trust that lets us dismiss an ocean of novel and highly valuable solutions to our problems? What if the goals we are aimed at with Bitcoin aren't really final conclusions, but a spectrum laid out on a never ending path? Fedimint presents a profound shift in the trust and privacy elements of being a bitcoin user, and breaks down enormous barriers to the problem of providing a service to others. Tony, one of the incredible minds behind Mutiny, brings us an article today to reframe both the problem and the solution to the many challenges of building a Bitcoin world.

Check out the original article at Fedimint (Federated Ecash) is Self-Custodial — Tony Giorgio (Link: https://tonygiorgio.com/fedimint/)

Links to check out

Mutiny Wallet (Link: https://www.mutinywallet.com/)
Ai Unchained with Obi Nwosu (Link: https://youtu.be/vdFZ9cB_2n0?si=6cfzepQhUekUiKNz)
The Pear Report 01 - Return of the P2P Web (Link: https://www.youtube.com/watch?v=Qqmdbv01PEk)
Fedi Bravo (Link: https://www.fedi.xyz/builders_
Holesail Pear based tunnels Reverse tunneling software (Link: https://holesail.io/)

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.com/theguyswann)
Guy on TikTok (Link: https://www.tiktok.com/@theguyswann)
Guy on YouTube (Link: https://www.youtube.com/@theguyswann)
⁠Bitcoin Audible on X⁠ (Link: https://twitter.com/BitcoinAudible)
The Guy Swann Network Broadcast Room on Keet (Link: https://tinyurl.com/3na6v839)

Check out our awesome sponsors!

Get ⁠10% off the COLDCARD⁠ with code BITCOINAUDIBLE ⁠⁠⁠⁠⁠⁠(Link: bitcoinaudible.com/coldcard⁠⁠⁠⁠⁠⁠)
Swan⁠: The best way to buy, learn, and earn #Bitcoin (Link: https://swanbitcoin.com)

"You cannot buy the revolution. You cannot make the revolution. You can only be the revolution. It is in your spirit or it is nowhere."
~ Ursula K. Le Guin

People look around and they see a wasteful world. They see endless, mindless consumption. Increasingly, we see people fearing the future rather than hoping for it.

I'm going to make the case today that in order to realign this, money must be the most valuable good in society. And necessarily, it must be the hardest thing to produce and that we actually can know this because of where the value of money comes from and what the money is in relation to the society that uses it. I want you to come away from the end of this episode realizing that not only is it aligned to have a sound money that grows in value, but it is necessary for us to value the future of our society in the first place. So we're going to take this show to go back to our Fiat World Series with Fiat Waste. It's time for a Guy's Take episode.

Links to check out

The Selfish Gene by Richard Dawkins (Link:https://tinyurl.com/bdzy7bfz)
The Deflation Boogie Man (Link:https://tinyurl.com/4t2d5kj5)
Guy’s Take_082 – Fiat Replacement Theory (Link: https://fountain.fm/episode/YXHrvdYuGct6zmpfGZkF)

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.com/theguyswann)
Guy on TikTok (Link: https://www.tiktok.com/@theguyswann)
Guy on YouTube (Link: https://www.youtube.com/@theguyswann)
⁠Bitcoin Audible on X⁠ (Link: https://twitter.com/BitcoinAudible)
The Guy Swann Network Broadcast Room on Keet (Link: https://tinyurl.com/3na6v839)

Check out our awesome sponsors!

Get ⁠10% off the COLDCARD⁠ with code BITCOINAUDIBLE ⁠⁠⁠⁠⁠⁠(Link: bitcoinaudible.com/coldcard⁠⁠⁠⁠⁠⁠)
Swan⁠: The best way to buy, learn, and earn #Bitcoin (Link: https://swanbitcoin.com)

"By replacing fear of the unknown with curiosity we open ourselves up to an infinite stream of possibility. We can let fear rule our lives or we can become childlike with curiosity, pushing our boundaries, leaping out of our comfort zones, and accepting what life puts before us."
- Alan Watts

Ideas and ways of thinking are much like paths in the wood. When we explore them often they are well worn and clearly defined. But often we get lost exploring other ideas or focused on something we hope to see in the future, and even the paths we know well get ignored, and the brush starts to creep back in. The noise of the world begins to obscure what was once an obvious truth. This is why its good to refresh important ideas from time to time. To walk those paths again, to remind ourselves of the perspectives that got us here.

Today we dive into a reboot of a very important idea in grasping why Bitcoin works, and how it emerges from the individual enforcement of the Bitcoin rules, and how utterly revolutionary this seemingly simple concept really is. If you haven't heard it, today's episode will fix that terrible tragedy for you. So hit play and enjoy.

Check out the original article at Bitcoin Miners Beware: Invalid Blocks Need Not Apply. (Link: https://tinyurl.com/3aejkjam)

Guest Links

Stop And Decrypt on X⁠ (Link: https://twitter.com/StopAndDecrypt)

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.com/theguyswann)
Guy on TikTok (Link: https://www.tiktok.com/@theguyswann)
Guy on YouTube (Link: https://www.youtube.com/@theguyswann)
⁠Bitcoin Audible on X⁠ (Link: https://twitter.com/BitcoinAudible)
The Guy Swann Network Broadcast Room on Keet (Link: https://tinyurl.com/3na6v839)

Check out our awesome sponsors!

Get ⁠10% off the COLDCARD⁠ with code BITCOINAUDIBLE ⁠⁠⁠⁠⁠⁠(Link: bitcoinaudible.com/coldcard⁠⁠⁠⁠⁠⁠)
Swan⁠: The best way to buy, learn, and earn #Bitcoin (Link: https://swanbitcoin.com)

"Run a Bitcoin node, and use it."
~ Guy Swann

"I believe that hole punch stack can be a really good alternative to static IPs. That way, for example, you want to access your camera from anywhere, you don't really need a static IP. You don't need to pay for that. You don't need to take all those security risks. All you need to do is boot up Holesail or a similar service built on Holepunch to connect peer to peer directly to your computer only to that specific port. That's it. You are connected to it. There are no middle men. And nothing is exposed to the public."

In this episode, Guy Swann interviews Suryaansh Singh AKA Supersu about the transformative potential of peer-to-peer technology in reshaping how we connect and interact online, and how they are working to build towards this with Holesail. They delve into the challenges and innovations in deploying decentralized systems that enhance security and user control, discussing how such technologies can fundamentally alter the internet landscape towards a more user-empowered framework. How can peer-to-peer technology reconfigure our digital interactions and what are the broader implications for internet privacy and connectivity?

Guest Links

Supersu on Github (Link: https://github.com/supersuryaansh)
Holesail Website (Link: https://holesail.io/)
Holesail Discord (Link:https://discord.gg/ShabRe9sVr)
Holesail on LinkedIn (Link: https://www.linkedin.com/company/holesail/)

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.com/theguyswann)
Guy on TikTok (Link: https://www.tiktok.com/@theguyswann)
Guy on YouTube (Link: https://www.youtube.com/@theguyswann)
⁠Bitcoin Audible on X⁠ (Link: https://twitter.com/BitcoinAudible)
The Guy Swann Network Broadcast Room on Keet (Link: https://tinyurl.com/3na6v839)

Check out our awesome sponsors!

Get ⁠10% off the COLDCARD⁠ with code BITCOINAUDIBLE ⁠⁠⁠⁠⁠⁠(Link: bitcoinaudible.com/coldcard⁠⁠⁠⁠⁠⁠)
Swan⁠: The best way to buy, learn, and earn #Bitcoin (Link: https://swanbitcoin.com)

"To have faith is to trust yourself to the water. When you swim you don't grab hold of the water, because if you do you will sink and drown. Instead you relax, and float."
~ Alan Wilson Watts

"This capability ensures that participants can trust the system's integrity without the need for mutual trust among users. It fundamentally alters how trust is brokered globally, extending the reach of reliable transactions beyond traditional, geographic, and institutional boundaries."
~ Adolfo Contreras

In this episode of Bitcoin Audible, Guy Swann delves into an insightful article from Blockstream titled "Scaling Trust: Bitcoin's Role in Bridging the Global Digital Divide" by Adolfo Contreras. How does Bitcoin redefine trust in a globalized digital world, and what potential does it hold for transforming financial systems, especially in developing countries? Join Guy as he explores the fundamental elements of trust, the evolution of financial institutions, and the revolutionary impact of blockchain technology.

Check out the original article at Scaling Trust: Bitcoin’s Role in Bridging the Global Digital Divide (Link: https://tinyurl.com/333rzvkj)

Links to check out

Layered Money: From Gold and Dollars to Bitcoin and Central Bank Digital Currencies by Nik Bhatia (Link: https://tinyurl.com/5n6kxyze)

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.com/theguyswann)
Guy on TikTok (Link: https://www.tiktok.com/@theguyswann)
Guy on YouTube (Link: https://www.youtube.com/@theguyswann)
⁠Bitcoin Audible on X⁠ (Link: https://twitter.com/BitcoinAudible)
The Guy Swann Network Broadcast Room on Keet (Link: https://tinyurl.com/3na6v839)

Check out our awesome sponsors!

Get ⁠10% off the COLDCARD⁠ with code BITCOINAUDIBLE ⁠⁠⁠⁠⁠⁠(Link: bitcoinaudible.com/coldcard⁠⁠⁠⁠⁠⁠)
Swan⁠: The best way to buy, learn, and earn #Bitcoin (Link: https://swanbitcoin.com)

"To have faith is to trust yourself to the water. When you swim you don't grab hold of the water, because if you do you will sink and drown. Instead you relax, and float."
~ Alan Wilson Watts

Layered Money: From Gold and Dollars to Bitcoin and Central Bank Digital Currencies

Apologies for the repost, had some technical difficulties migrating the podcast to a new host.

"It is like exercising a veto you hold for anything and everything, and yes, vetoes are important in consensus systems. But disrupting conversation is not the veto, the actions of actual transacting economic actors deciding what software to run or not run is the veto. This denial of service on dialogue is not some noble or righteous crusade to save Bitcoin, it is an active attack on those economic actors and their ability to gain a better understanding to make an informed decision on whether to veto something or not."
~ Shinobi

Today we dive into the contentious arena of Bitcoin consensus and the dialogue around it. Reading an insightful piece by Shinobi from Bitcoin Magazine, we explore the alarming trend of "denial of service attacks" on meaningful discussion within the Bitcoin community. Is this a calculated attack to silence new ideas, a necessary friction to maintain the integrity of Bitcoin's foundational principles, or is it an unavoidable consequence of Bitcoin's success? Listen as Guy offers his insights and invites you to judge the merit of open dialogue in the face of technological conservatism.

Check out the original article at A Denial of Service Attack on Bitcoin Consensus. (Link: https://tinyurl.com/32urf3bv)

Links to check out

What is money??? Guy Swann and the Give-A-Shit Matrix (Link: https://tinyurl.com/yxjba3bp)

Guest Links

⁠Brian Trollz on X⁠ (Link: https://twitter.com/Brian_trollz)
⁠Brian Trollz on Bitcoin Magazine (Link: https://tinyurl.com/bded6sw8/)

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.com/theguyswann)
Guy on TikTok (Link: https://www.tiktok.com/@theguyswann)
Guy on YouTube (Link: https://www.youtube.com/@theguyswann)
⁠Bitcoin Audible on X⁠ (Link: https://twitter.com/BitcoinAudible)
The Guy Swann Network Broadcast Room on Keet (Link: https://tinyurl.com/3na6v839)

Check out our awesome sponsors!

Get ⁠10% off the COLDCARD⁠ with code BITCOINAUDIBLE ⁠⁠⁠⁠⁠⁠(Link: bitcoinaudible.com/coldcard⁠⁠⁠⁠⁠⁠)
Swan⁠: The best way to buy, learn, and earn #Bitcoin (Link: https://swanbitcoin.com)

“You don’t win a debate by suppressing discussion; you win it with a better argument.”
~ Frank Sonnenberg

Apologies for the repost, I had some technical difficulties migrating the podcast to a new host.

"The U.S. Government spends in a budgetary deficit, then issues treasuries to pay for the spending, then, at a bigger rate than anybody else, buys the treasuries to cover the loss. An unbelievable Ponzi scheme. The U.S. Government is the director of the Ponzi scheme, the old investor, and the new investor. A true masterclass."~ Cole Walmsley

Today we tackle the intricacies of fiscal irresponsibility through a Twitter thread by Cole Walmsley. As the U.S. government’s deficit spending spirals into what can only be accurately described as a “masterclass Ponzi scheme,” listeners are beckoned to question: How long can this last? With the state of national debt, the illusion of monetary stability, and the inevitable downfall of fiat currencies, are we witnessing the death throes of the dollar, and can a new monetary system rise from the chaos?

Guest Links

Cole Walmsley on X⁠ (Link: https://twitter.com/Cole_Walmsley)
Gaiter Capital Website⁠ (Link: https://www.gaitercapital.com/)

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.com/theguyswann)
Guy on TikTok (Link: https://www.tiktok.com/@theguyswann)
Guy on YouTube (Link: https://www.youtube.com/@theguyswann)
⁠Bitcoin Audible on X⁠ (Link: https://twitter.com/BitcoinAudible)
The Guy Swann Network Broadcast Room on Keet (Link: https://tinyurl.com/3na6v839)

Check out our awesome sponsors!

Get ⁠10% off the COLDCARD⁠ with code BITCOINAUDIBLE ⁠⁠⁠⁠⁠⁠(Link: bitcoinaudible.com/coldcard⁠⁠⁠⁠⁠⁠)
Swan⁠: The best way to buy, learn, and earn #Bitcoin (Link: https://swanbitcoin.com)

"The whole government is a Ponzi scheme."
~ Bernard Madoff

Apologies for the repost, had some technical difficulties migrating the podcast to a new host.

Today we dive into an amazing chat around the complexities and shifts in law enforcement in a world with Bitcoin, as well as breaking down the nuances and difficulties in both the defense and prosecution of the Samourai Wallet case. Travis, previously a detective who found his speciality in cybercrime and fraud, requiring extensive knowledge and interaction with Bitcoin and blockchain analytics, presents a unique insight into how things may develop moving forward and where we should be wary to defend our privacy and independence. Don't miss this incredible discussion!

Links to check out

Travis West Nostr Post #1 (Link: https://tinyurl.com/2jzfadtr)
Travis West Nostr Post #2 (Link: https://tinyurl.com/54b89bme)

Guest Links

Travis West Website⁠ (Link: https://west.report/)

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.com/theguyswann)
Guy on TikTok (Link: https://www.tiktok.com/@theguyswann)
Guy on YouTube (Link: https://www.youtube.com/@theguyswann)
⁠Bitcoin Audible on X⁠ (Link: https://twitter.com/BitcoinAudible)
The Guy Swann Network Broadcast Room on Keet (Link: https://tinyurl.com/3na6v839)

Check out our awesome sponsors!

Get ⁠10% off the COLDCARD⁠ with code BITCOINAUDIBLE ⁠⁠⁠⁠⁠⁠(Link: bitcoinaudible.com/coldcard⁠⁠⁠⁠⁠⁠)
Swan⁠: The best way to buy, learn, and earn #Bitcoin (Link: https://swanbitcoin.com)

Apologies for the repost, had some technical difficulties migrating the podcast to a new host.

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."

Links to check out

Pears.com (Link: pears.com)
The Guy Swann Network Broadcast Room (Link: https://tinyurl.com/yckjrcrr)
Pear Portal Keet Room (Link: https://tinyurl.com/45feujz5)
Keet.io (Link: Keet.io)
Holepunch.to (Link: Holepunch.to)

Guest Links

⁠Mathias Buus on X⁠ (Link: https://twitter.com/guest)

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.com/theguyswann)
Guy on TikTok (Link: https://www.tiktok.com/@theguyswann)
Guy on YouTube (Link: https://www.youtube.com/@theguyswann)
⁠Bitcoin Audible on X⁠ (Link: https://twitter.com/BitcoinAudible)
The Guy Swann Network Broadcast Room on Keet (Link: https://tinyurl.com/3na6v839)

Check out our awesome sponsors!

Get ⁠10% off the COLDCARD⁠ with code BITCOINAUDIBLE ⁠⁠⁠⁠⁠⁠(Link: bitcoinaudible.com/coldcard⁠⁠⁠⁠⁠⁠)
Swan⁠: The best way to buy, learn, and earn #Bitcoin (Link: https://swanbitcoin.com)

"We have the fork wars, we have a culture that understands the importance of nodes and widespread enforcement of a protocol and its rules. Unlike shitcoins, which couldn't care less about it... So this node orientation in Bitcoin is is critical to it not being a shitcoin. So spam has come in and they start trashing the blockchain and exploding the UTXO set and making every block almost four megabytes, which was supposed to be a theoretical maximum we were never actually supposed to see because no one thought we would just fill it up with witness data... This is a ridiculous guys. It's an attack. They've stated it as an attack when they came out and just went "I want to bloat the UTXO set because it's the worst thing you can do in Bitcoin"."

~ Bitcoin Mechanic

In this episode, I talk with Bitcoin Mechanic about the current state of Bitcoin, focusing on the regulatory environment, the vital role of self-custody, and the challenges facing privacy and autonomy in the digital age. We delve into the complexities of maintaining operational security in the face of increasing regulatory oversight, and consider in what ways we can balance the needs of miners with those of everyday users and node runners to maintain a healthy network ecosystem.

Guest Links

Bitcoin Mechanic on X (Link: https://twitter.com/GrassFedBitcoin)
Bitcoin Mechanic on Youtube (Link: https://www.youtube.com/@bitcoinmechanic)
Ocean Mining (Link: https://ocean.xyz/)

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.com/theguyswann/)
Guy on TikTok (Link: https://www.tiktok.com/@theguyswann)
Guy on YouTube (Link: https://www.youtube.com/@theguyswann)
⁠Bitcoin Audible on X⁠ (Link: https://twitter.com/BitcoinAudible)

Check out our awesome sponsors!

Get 10% off the COLDCARD with code BITCOINAUDIBLE ⁠⁠⁠⁠⁠⁠(Link: bitcoinaudible.com/coldcard⁠⁠⁠⁠⁠⁠)
Swan: The best way to buy, learn, and earn #Bitcoin (Link: https://swanbitcoin.com)

--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

"This is a fancy way of saying that you need money to make markets, and you need decentralized, open, digital money to make decentralized, open, digital markets. Furthermore, higher layers require lower layers to exist, but lower layers benefit from the value created at higher layers. However valuable layer one Bitcoin can be as a new global money, it can become significantly more valuable if we recognize it as a crucial technical building block to building markets with the potential to disrupt many other human networks."

~ Dhruv Bansal, Ryan Gentry & Allen Farrington

How can we think differently about what is actually occurring at the base layer of Bitcoin and what it enables, to extend it to the more tangible and understood problems of internet centralization, abusive platforms, censorship, and so many other prevalent problems in our networks today? If we can break each of these problems down into their smallest, and simplest parts, and one-by-one solve each of those problems, can we begin to actually solve the broader concerns of permission-less communication, scalable decentralized payments, service provision, and global openly accessible networks of all kinds? Can we re-decentralize the internet, with Bitcoin? Find out in a fantastic new piece from the crew at AxiomBTC and written by the incredible set of authors, Dhruv Bansal, Ryan Gentry, and Allen Farrington. You'd be a fool to skip this episode.

Check out the original article at The Bitcoin Stack. (Link: https://tinyurl.com/582zh742)

Guest Links

Dhruv Bansal, on X (Link: https://twitter.com/dhruvbansal)
Ryan Gentry⁠ on X(Link: https://twitter.com/RyanTheGentry)
Allen Farrington⁠ on X (Link: https://twitter.com/allenf312)

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.com/theguyswann/)
Guy on TikTok (Link: https://www.tiktok.com/@theguyswann)
Guy on YouTube (Link: https://www.youtube.com/@theguyswann)
⁠Bitcoin Audible on X⁠ (Link: https://twitter.com/BitcoinAudible)

Check out our awesome sponsors!

Get 10% off the COLDCARD with code BITCOINAUDIBLE ⁠⁠⁠⁠⁠⁠(Link: bitcoinaudible.com/coldcard⁠⁠⁠⁠⁠⁠)
Swan: The best way to buy, learn, and earn #Bitcoin (Link: https://swanbitcoin.com)

“The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design. To the naive mind that can conceive of order only as the product of deliberate arrangement, it may seem absurd that in complex conditions order, and adaptation to the unknown, can be achieved more effectively by decentralizing decisions and that a division of authority will actually extend the possibility of overall order. Yet that decentralization actually leads to more information being taken into account.”

~ Friedrich Hayek

--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

"I think Americans are used to seeing people arrested for bullshit technicalities and thrown in jail for long periods of time. But in the rest of the world, it is quite uncommon. For a non-US Bitcoin entrepreneur, the US is a scary and dangerous place. American authorities seem resourceful, competent, and motivated to destroy your life just to prove a point. This line of thinking is not paranoia, nor is it cowardice." ~ Francis Pouliot

We dive into a piece from Francis Pouliot, the CEO of Bull Bitcoin, today that dives into the toxic waters of U.S. regulations that seem to strangle innovation at every turn. As the US govt tightens their grip and "non-compliance" of an absurdly defined regulatory leviathan threatens decades in prison, how can the Bitcoin community protect what makes Bitcoin important? Join us as Guy, along with a special guest, unravels the complex web of control and compliance reshaping the landscape of digital currency. Could this be the dawn of a new era of resistance within the bitcoin world?

Check out the original article at ⁠Bitcoin Drain in the USA⁠. (Link: https://tinyurl.com/5n6raf5d)

Links from the show:

Atomic Habits by James Clear (Link: https://jamesclear.com/atomic-habits)

Guest Links

[Guest Name] on X (Link: https://twitter.com/guest)
[Guest Name] on Nostr (Link: https://tinyurl.com/XXX)
[Guest/Company Website] (Link: https://example.com/)

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.com/theguyswann/)
Guy on TikTok (Link: https://www.tiktok.com/@theguyswann)
Guy on YouTube (Link: https://www.youtube.com/@theguyswann)
⁠Bitcoin Audible on X⁠ (Link: https://twitter.com/BitcoinAudible)

Check out our awesome sponsors!

Get 10% off the COLDCARD with code BITCOINAUDIBLE ⁠⁠⁠⁠⁠⁠(Link: bitcoinaudible.com/coldcard⁠⁠⁠⁠⁠⁠)
Swan: The best way to buy, learn, and earn #Bitcoin (Link: https://swanbitcoin.com)
Get 50,000 free sats, plus sats back on everything you buy by signing up with Fold and the Spin+ Debit Card. ⁠⁠⁠⁠⁠⁠(Link: bitcoinaudible.com/fold⁠)
Check out the KYC Free, simple, no management, Bitcoin merchant solution - ⁠⁠⁠⁠⁠Nodeless.io⁠⁠⁠⁠⁠⁠. Use my link to go to nodeless.io/guy⁠⁠⁠⁠⁠ and setup your donation page for free, then share it out on nostr/Twitter and tag me, and I'll throw 10,000 sats your way!

"Change happens when the pain of staying the same is greater than the pain of change." ~ Tony Robbins

--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

"The Samurai wallet developers have been arrested. The government has responded with their opposition to the motion of dismissal in the tornado cash case. Phoenix wallet has withdrawn from the United States. Does one need to have control over the funds to be a money transmitter? Is the lightning network, is Bitcoin, is even self-custody and your home node illegal?

The past week or so in Bitcoin has seen a flood of new developments, unfortunate events and clarifications and demands from government regulatory agencies. And it has quite clearly spooked a lot of people in the Bitcoin industry. What does it all mean and how should we respond? It's time for a guys take episode."

I took on a whirlwind of pressing issues facing the Bitcoin ecosystem amid a slew of government actions that appear to target privacy and financial sovereignty. What does the arrest of the Samurai wallet developers, the exodus of Phoenix wallet from the U.S., and the broader implications for Bitcoin's legal landscape mean for the future of digital privacy and self-custody? I dissected these developments with a critical eye, questioning the balance between regulatory oversight and the fundamental right to privacy. Tune in for a deep dive into the legal, technical, and societal impacts of these unfolding events.

References from the episode:

David Zell's tweet (Link: https://tinyurl.com/22ppa7yt)

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.com/theguyswann/)
Guy on TikTok (Link: https://www.tiktok.com/@theguyswann)
Guy on YouTube (Link: https://www.youtube.com/@theguyswann)
⁠Bitcoin Audible on X⁠ (Link: https://twitter.com/BitcoinAudible)

Check out our awesome sponsors!

Get 10% off the COLDCARD with code BITCOINAUDIBLE ⁠⁠⁠⁠⁠⁠(Link: bitcoinaudible.com/coldcard⁠⁠⁠⁠⁠⁠)
Swan: The best way to buy, learn, and earn #Bitcoin (Link: https://swanbitcoin.com)

"I have to remind myself that some birds aren't meant to be caged. Their feathers are just too bright. And when they fly away, the part of you that knows it was a sin to lock them up does rejoice. But still, the place you live in is that much more drab and empty that they're gone. I guess I just missed my friend."

~ Red, Shawshank Redemption

--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

"The internet assumed NOTHING and it won because it had the basic, robust, open building blocks upon which all the innovation actually occurred. The same thing has happened with Bitcoin over the last 15 years and is now starting to happen with Nostr.

And it’s right on time, because the gateways to the internet have centralized to such a degree that the very topography of the web is changing. Access to this open bazaar is being threatened because the applications who were once gateways, have started to become gatekeepers.

To fix this, and to fundamentally fix the internet, we need to upgrade the Internet stack and establish a new suite of superior products, services and applications that compete on value, not on gatekeeper economics.

~ Aleks Svetski

How did we get from the open, decentralized bazaar that was the internet protocol, to the centralized, platform siloed experience we find ourselves in today? And by discovering how we got here, can we begin to see the path to getting out of the trap we have wandered into? Today we have an incredible article and concept brought to us by author, entrepreneur, and regular guest on the show, Alek Svetski on something they discovered in their process of building a Bitcoin LLM (Spirit of Satoshi), and how it uncovered a value case for Nostr that may very well change the nature of what we can build. You do not want to miss this read and my take to follow, I promise. Let's dive in!

Check out the original article at Reviewing Reviews (Link: https://tinyurl.com/4dxmvtes)

References from the show:

Spirit of Satoshi (Link: https://www.spiritofsatoshi.ai/)
010 - Tools for Running Local LLMs (Link: https://fountain.fm/episode/x3kYiyPzYsCA2nOLoh0O)
012 - A Big Leap Forward for Local LLMs (Link: https://fountain.fm/episode/X7FwvJWqXDaQA4E2MUgV)
Amber App (Link: https://amber.app/)

Guest Links

Aleks Svetski on X (Link: https://twitter.com/svetskiwrites)
Aleks Svetski on Nostr (Link: https://tinyurl.com/3y992h32)
Aleks Svetski Website (Link: https://svetski.info/)

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.com/theguyswann/)
Guy on TikTok (Link: https://www.tiktok.com/@theguyswann)
Guy on YouTube (Link: https://www.youtube.com/@theguyswann)
⁠Bitcoin Audible on X⁠ (Link: https://twitter.com/BitcoinAudible)

Check out our awesome sponsors!

Get 10% off the COLDCARD with code BITCOINAUDIBLE ⁠⁠⁠⁠⁠⁠(Link: bitcoinaudible.com/coldcard⁠⁠⁠⁠⁠⁠)
Swan: The best way to buy, learn, and earn #Bitcoin (Link: https://swanbitcoin.com)
Get 50,000 free sats, plus sats back on everything you buy by signing up with Fold and the Spin+ Debit Card. ⁠⁠⁠⁠⁠⁠(Link: bitcoinaudible.com/fold⁠)
Check out the KYC Free, simple, no management, Bitcoin merchant solution - ⁠⁠⁠⁠⁠Nodeless.io⁠⁠⁠⁠⁠⁠. Use my link to go to nodeless.io/guy⁠⁠⁠⁠⁠ and setup your donation page for free, then share it out on nostr/Twitter and tag me, and I'll throw 10,000 sats your way!

“But I know, somehow, that only when it is dark enough can you see the stars.”

~ Martin Luther King, Jr.

--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

"As we discussed in Entering the Bitcoin Renaissance, our last edition, Lightning Labs CEO and Co-Founder Elizabeth Stark told The Block, “a major narrative of the next cycle will be the bitcoin renaissance, and it has already begun in full swing.” Only a few months later, and that is proving to be quite prescient!"

~Ryan Gentry

Today we dive into a piece from Lightning Labs, "The Bitcoin Renaissance: How Lightning Will Connect Everything" that details out the major advances in the ecosystem of layer 2's on Bitcoin, the surge in development excitement, the multitude of projects unveiled in the past few months, the increasing connection between lightning and Ai, and the projects to keep en eye on as we head into another Bitcoin cycle. If you want a picture into the Lightning ecosystem and the many projects solving problems and creating new value, this is the read to queue up.

Check out the original article at The Bitcoin Renaissance Is in Full Swing: How Lightning Will Connect Everything Off-Chain. (Link: https://tinyurl.com/2wzjyc2b)

Guest Links

Ryan Gentry on X (Link: https://twitter.com/RyanTheGentry)
Ryan Gentry on Nostr (Link: https://tinyurl.com/yrch2yvy)

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.com/theguyswann/)
Guy on TikTok (Link: https://www.tiktok.com/@theguyswann)
Guy on YouTube (Link: https://www.youtube.com/@theguyswann)
⁠Bitcoin Audible on X⁠ (Link: https://twitter.com/BitcoinAudible)

Check out our awesome sponsors!

Get 10% off the COLDCARD with code BITCOINAUDIBLE ⁠⁠⁠⁠⁠⁠(Link: bitcoinaudible.com/coldcard⁠⁠⁠⁠⁠⁠)
Swan: The best way to buy, learn, and earn #Bitcoin (Link: https://swanbitcoin.com)

“You have no responsibility to live up to what other people think you ought to accomplish. I have no responsibility to be like they expect me to be. It’s their mistake, not my failing.”

~ Richard P. Feynman

--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

"What are we actually about? It's to an extent an open question. It's not like the Cypherpunks knew at all. It's part of our job to continue to try and figure it out. In a way we've been given this Arthurian sword or something. This very powerful thing. And so it's like, what are we going to do with it? I think that's a big part of our homework."

~ Tuur Demeester

Tuur Demeester joins us to day as we dig into Bitcoin's past halvings and market cycles and how they compare to today. With 12 years of perspective, where are we in reference to the larger trends and what may lie ahead in the coming future? Tuur is deeply knowledgeable on the macro landscape and in seeing how the pieces of the puzzle fit together, explains the differences that allow us to know that Bitcoin's destiny will not end up like gold's, and a worthy note, he is also incredibly bullish. The world is changing, and Bitcoin is changing it. Don't miss this excellent conversation with Tuur Demeester

Links to check out:

The Bitcoin Reformation - by Tuur Demeester (Link: https://tinyurl.com/yc6n8scc)
CryptoQuikRead_243 - Bitcoin in Heavy Accumulation (Link: https://tinyurl.com/avna4j89)
How Buildings Learn by Stewart Brand (Link: https://tinyurl.com/3f2u2rev)
Strong Towns Website by Charles Marohn (Link: https://www.strongtowns.org/)
Bullshit Jobs by David Graeber (Link: https://t.ly/dejM2)
The Unsettling of America by Wendell Berry (Link: https://tinyurl.com/ymzrk7z8)
The Capital Strip Mine by Allen Farrington (Link: https://tinyurl.com/m48ueuzk)

Guest Links

Tuur Demeester on X (Link: https://tinyurl.com/5dk93w6m)

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.com/theguyswann/)
Guy on TikTok (Link: https://www.tiktok.com/@theguyswann)
Guy on YouTube (Link: https://www.youtube.com/@theguyswann)
⁠Bitcoin Audible on X⁠ (Link: https://twitter.com/BitcoinAudible)

Check out our awesome sponsors!

Get 10% off the COLDCARD with code BITCOINAUDIBLE ⁠⁠⁠⁠⁠⁠(Link: bitcoinaudible.com/coldcard⁠⁠⁠⁠⁠⁠)
Swan: The best way to buy, learn, and earn #Bitcoin (Link: https://swanbitcoin.com)

--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

"I'm a Bitcoin skeptic. I'm not buying Bitcoin in 2024, even if it goes back to its recent all-time highs, or higher. Here's why."

~ Ben Gran

Ben breaks down his view of Bitcoin and why he cannot see or understand any reason it would go higher. Why he doesn't invest in things that don't produce anything, because this is antithetical to investment. Why he doesn't see how something that has no purpose could possibly continue increasing in value. And how something that people claim will be the most valuable asset in the world, will also be the dominant money, because (obviously) these two ideas are contradictory. It's important to refresh our understanding of the typical person's perspective of Bitcoin, in order to be able to relate to, and hopefully explain where their thinking is wrong. So that is what I hope to do in today's episode, reading "Why I'm Still Not Buying Bitcoin in 2024" from the Motley Fool...

Check out the original article at Why I'm (Still) Not Buying Bitcoin in 2024. (Link: https://tinyurl.com/5xnxbe5x)

Links to check out

Book "When Money Dies" by Adam Ferguson for a historical perspective on economic collapses. (Link: https://a.co/d/8E8AVpZ)

Guest Links

Ben Gran on X (Link: https://twitter.com/kcryptoinvest)
Ben Gran Website (Link: https://www.asx.capital/)

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.com/theguyswann/)
Guy on TikTok (Link: https://www.tiktok.com/@theguyswann)
Guy on YouTube (Link: https://www.youtube.com/@theguyswann)
⁠Bitcoin Audible on X⁠ (Link: https://twitter.com/BitcoinAudible)

Check out our awesome sponsors!

Get 10% off the COLDCARD with code BITCOINAUDIBLE ⁠⁠⁠⁠⁠⁠(Link: bitcoinaudible.com/coldcard⁠⁠⁠⁠⁠⁠)
Swan: The best way to buy, learn, and earn #Bitcoin (Link: https://swanbitcoin.com)

“I believe that a scientist looking at nonscientific problems is just as dumb as the next guy — and when he talks about a nonscientific matter, he will sound as naive as anyone untrained in the matter.”

~ Richard Feynman

--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

"If you care about your...country, read Ludwig von Mises and the six lessons of the Austrian economic school."

~ Renato Moicano

With a surge in interest thanks the UFC fighter Renato Moicano, Mises's Six Lessons is suddenly in the popular lexicon. After knocking out his opponent he took to the mic to share his love of freedom, and the critical importance in understanding Austrian economics. Is the tide of freedom and the culture of common sense turning? And what are Mises's six lessons, and what can they teach us? All this and more in today's episode with a read from Jonathan Newman at the Mises Institute.

Check out the original article at What are Mises’s Six Lessons? (Link: https://tinyurl.com/3bkpvxub)

Link to check out

Chat_090 - The Danger of Being Right Too Early with Devon Eriksen (Link: https://tinyurl.com/57akzped)

Guest Links

Renato Moicano on X (Link: https://tinyurl.com/mt9wweyh)
Renato Moicano Website (Link: https://moneymoicano.com/)

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.com/theguyswann/)
Guy on TikTok (Link: https://www.tiktok.com/@theguyswann)
Guy on YouTube (Link: https://www.youtube.com/@theguyswann)
⁠Bitcoin Audible on X⁠ (Link: https://twitter.com/BitcoinAudible)

Check out our awesome sponsors!

Get 10% off the COLDCARD with code BITCOINAUDIBLE ⁠⁠⁠⁠⁠⁠(Link: bitcoinaudible.com/coldcard⁠⁠⁠⁠⁠⁠)
Swan: The best way to buy, learn, and earn #Bitcoin (Link: https://swanbitcoin.com)

“He who is unfit to serve his fellow citizens wants to rule them.”

~ Ludwig Von Mises

--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

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 effects of monetary inflation and fiat, occur first, and to the greatest degree, in the financial sector. So take a dive, into fiat finance. Its time for a guy's take episode...

Links to check out

AI Unchained Podcast: Another podcast by Guy Swan. (Link: https://tinyurl.com/fjt7satz)
Devs Who Can't code: You don't need to be a coding wizard to build apps (Link: https://tinyurl.com/35rsnm7j)
Bit Block Boom Talk: Guy Swan's speech on the consequences of fiat money [7:27:22 - 8:04:22] (Link: https://tinyurl.com/29pvevc7)
Alan Farrington’s Article: "Only the Strong Survive" (Link: https://tinyurl.com/krzbu87p)
Alan Farrington’s Article: "Green Eggs and Ham" (Link: https://tinyurl.com/yne2az8y)

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.com/theguyswann/)
Guy on TikTok (Link: https://www.tiktok.com/@theguyswann)
Guy on YouTube (Link: https://www.youtube.com/@theguyswann)
⁠Bitcoin Audible on X⁠ (Link: https://twitter.com/BitcoinAudible)

Check out our awesome sponsors!

Get 10% off the COLDCARD with code BITCOINAUDIBLE ⁠⁠⁠⁠⁠⁠(Link: bitcoinaudible.com/coldcard⁠⁠⁠⁠⁠⁠)
Swan: The best way to buy, learn, and earn #Bitcoin (Link: https://swanbitcoin.com)

--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

"That dogma was necessary — without it the people who have built this ecosystem into what it is today wouldn’t have had the motivation to do so. Without that dogma, those people would not have had customers and users to build anything for in the first place. It was the foundation of everything we have around us today.

Now the inevitable is happening: the foundation is cracking."

~ Shinobi

Guy Swan delves into an article by Shinobi from Bitcoin Magazine, exploring the complexities of ideological dogmas within the Bitcoin community. The episode questions the sustainability of foundational beliefs that have driven the cryptocurrency's ecosystem thus far. What happens when the dogmatic pillars that supported the growth of Bitcoin begin to crumble? Tune in as Guy Swan offers a deep dive into these evolving controversies, providing insights that challenge the conventional wisdom of Bitcoin's invulnerability to ideological shifts.

Check out the original article at Dogma Kills Brain Cells. (Link: https://tinyurl.com/3ma2pu56)

References from the show

Devs Who Can't Code #1 (Link: https://tinyurl.com/35rsnm7j)
Devs Who Can't Code #2 (Link: https://tinyurl.com/25juuzbt)
Read_783 - Ordinals Are Fiat, Inscriptions Aren't Rare (Link: https://tinyurl.com/yu8aurbw)
Guy's Take #66 - Pooping in the Park (Link: https://tinyurl.com/38xkkfrs)

Guest Links

Brian Trollz on X (Link: https://twitter.com/Brian_trollz)
Brian Trollz on Bitcoin Magazine (Link: https://tinyurl.com/bded6sw8)

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.com/theguyswann/)
Guy on TikTok (Link: https://www.tiktok.com/@theguyswann)
Guy on YouTube (Link: https://www.youtube.com/@theguyswann)
⁠Bitcoin Audible on X⁠ (Link: https://twitter.com/BitcoinAudible)

Check out our awesome sponsors!

Get 10% off the COLDCARD with code BITCOINAUDIBLE ⁠⁠⁠⁠⁠⁠(Link: bitcoinaudible.com/coldcard⁠⁠⁠⁠⁠⁠)
Swan: The best way to buy, learn, and earn #Bitcoin (Link: https://swanbitcoin.com)

"Why do you want to kill me? [Joker Laughs] I don't want to kill you! God what would I do without you? Go back to ripping off mobsters? No. You. You... complete... me."

~ The Dark Knight

--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

"On the face of it, Bitcoin’s existence seems to violate Mises’s theorem, unless a preceding non-monetary use can be demonstrated. That is, Bitcoin would have to be first valued for its direct utility before it could hold indirect exchange value. So have the criteria been met, or does Bitcoin violate the theorem?" - Emile Phaneuf

You've inevitably come across the argument that Bitcoin violates Mises's Regression Theorem if you've been in bitcoin long enough, but is this really true? And with the obvious and undeniable emergence of Bitcoin, what can this tell us about Mises's observation, and how it applies with the dynamics of the digital age?"

Check out the original article at: Mises’s Regression Theorem, Bitcoin, and Subjective Value Theory | AIER (Link: https://tinyurl.com/49udz4pp)

Guest Links

Emile Phaneuf on X⁠ (Link: https://tinyurl.com/3c87c2tt)
⁠Emile Phaneuf on AIER⁠ (Link: https://tinyurl.com/4w9b5an9)
⁠Emilie Phaneuf Website⁠ (Link: emilephaneuf.com)

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.com/theguyswann/)
Guy on TikTok (Link: https://www.tiktok.com/@theguyswann)
Guy on YouTube (Link: https://www.youtube.com/@theguyswann)
⁠Bitcoin Audible on X⁠ (Link: https://twitter.com/BitcoinAudible)

Check out our awesome sponsors!

Get 10% off the COLDCARD with code BITCOINAUDIBLE ⁠⁠⁠⁠⁠⁠(Link: bitcoinaudible.com/coldcard⁠⁠⁠⁠⁠⁠)
Swan: The best way to buy, learn, and earn #Bitcoin (Link: https://swanbitcoin.com)

“All rational action is in the first place individual action. Only the individual thinks. Only the individual reasons. Only the individual acts.”

~ Ludwig von Mises

--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

"Hedgehog uses relative time locks. So that if they don't have to worry about closing that channel with a relative time lock, it's whenever you do close the channel, now you've got 2016 blocks to sweep the money using the pre-image. Otherwise I can sweep it after those 2016 blocks go by... And because it only uses relative time locks, it's much more delay tolerant... In the Lightning Network today, you've got hours to settle these things. And often if someone sends a zap to somebody and then they turn off their computer or turn off their phone and go to the supermarket or whatever, they come back and their channel's been forced closed because it's not very delay tolerant. It only gives you hours. But the Hedgehog Network can give you months."

~ Super Testnet

In this episode, I dive into the challenging yet fascinating topic of offline payments with my guest, Super Testnet. Super Testnet, a seasoned independent freelance software developer, shares his latest venture into solving some of the Lightning Network's most persistent challenges through a new protocol called Hedgehog. We discuss the technical nitty-gritty of Lightning transactions, the innovative approach of revocable scripts, and how Hedgehog might just change the game for Lightning Network payments.
The conversation covers the mechanics of the Lightning Network, the complexities of conducting seamless transactions without both parties being continuously online, and the promising solutions Hedgehog proposes. Additionally, we touch upon BitVM, delving into its development, functionality, and potential impact on the broader Bitcoin ecosystem.
If you are interested in understanding the technical foundations of Bitcoin's second-layer solutions and the cutting-edge developments aimed at refining digital transactions for enhanced efficiency, security, and ease of use, then this one's for you.

Guest Links

Super Testnet on X (Link: https://twitter.com/super_testnet)
Super Testnet on Nostr (Link: https://tinyurl.com/3454693p)

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.com/theguyswann/)
Guy on TikTok (Link: https://www.tiktok.com/@theguyswann)
Guy on YouTube (Link: https://www.youtube.com/@theguyswann)
⁠Bitcoin Audible on X⁠ (Link: https://twitter.com/BitcoinAudible)

Check out our awesome sponsors!

Get 10% off the COLDCARD with code BITCOINAUDIBLE ⁠⁠⁠⁠⁠⁠(Link: bitcoinaudible.com/coldcard⁠⁠⁠⁠⁠⁠)
Swan: The best way to buy, learn, and earn #Bitcoin (Link: https://swanbitcoin.com)

--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

"It's going up forever, Laura."

~ Michael Saylor

I know to many people that sounds crazy, and I can still see in my mind why it sounds crazy. Today, I'm going to make the argument for why it isn't crazy, but both natural and intuitive. Also, why it doesn't mean what you are probably picturing in your head. I'm going to make the case today, and I hope that you walk away realizing that this isn't unrealistic at all, but is the way it's supposed to work, that Bitcoin is, in fact, going up forever, Laura.

Links to check out

Fountain App (Link: https://www.fountain.fm/)
Mises Caucus (Link: https://lpmisescaucus.com/)
TAPSIGNER (Link: https://tapsigner.com/)
Bitcoin Canon (Link: https://www.swanbitcoin.com/canon/)

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.com/theguyswann/)
Guy on TikTok (Link: https://www.tiktok.com/@theguyswann)
Guy on YouTube (Link: https://www.youtube.com/@theguyswann)
⁠Bitcoin Audible on X⁠ (Link: https://twitter.com/BitcoinAudible)

Check out our awesome sponsors!

Get 10% off the COLDCARD with code BITCOINAUDIBLE ⁠⁠⁠⁠⁠⁠(Link: bitcoinaudible.com/coldcard⁠⁠⁠⁠⁠⁠)
Swan: The best way to buy, learn, and earn #Bitcoin (Link: https://swanbitcoin.com)

"It's the questions we can't answer that teach us the most. They teach us how to think. If you give a man an answer, all he gains is a little fact. But give him a question and he'll look for his own answers."

~ Patrick Rothfuss, The Wise Man's Fear

--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

"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 SpirkoIn this episode I interview Jack Spirko, host of The Survival Podcast, delving into the intersection of self-reliance, Bitcoin, and navigating the complexities of modern society.We explore the significance of preparedness in the digital age, the evolution of Bitcoin and its role in fostering financial autonomy, and discuss practical strategies for building a self-sufficient lifestyle amidst the challenges of a rapidly changing world.Guest Links Jack Spirko on X (Link: https://twitter.com/TheSurvivalPodc) Jack Spirko on Nostr (Link: https://tinyurl.com/axmfppx5) Jack Spirko Podcast (Link: https://www.thesurvivalpodcast.com/)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.com/theguyswann/) Guy on TikTok (Link: https://www.tiktok.com/@theguyswann) Guy on YouTube (Link: https://www.youtube.com/@theguyswann) ⁠Bitcoin Audible on X⁠ (Link: https://twitter.com/BitcoinAudible)Check out our awesome sponsors! Get 10% off the COLDCARD with code BITCOINAUDIBLE ⁠⁠⁠⁠⁠⁠(Link: bitcoinaudible.com/coldcard⁠⁠⁠⁠⁠⁠) Swan: The best way to buy, learn, and earn #Bitcoin (Link: https://swanbitcoin.com)--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

"We know the law is unconstitutional.

FinCEN knows the law is unconstitutional.

FinCEN knows we know the law is unconstitutional.

And yet we're supposed to pretend like nothing happened and comply with an illegal law."

~ Jameson Lopp

What do we do when a regulatory agency continues to enforce an illegal law against a judicial verdict? Jameson Lopp explores the Corporate Transparency Act (CTA), revealing how it mandates extensive reporting to the Financial Crimes Enforcement Network, compromising individual privacy and security under the guise of legal compliance. How does this act, despite being challenged for its constitutionality, reflect broader tensions between privacy rights and government surveillance in the digital age?

Check out the original article at Congress is Unconstitutionally Criminalizing Privacy. (Link: https://tinyurl.com/46h3swp3)

Guest Links

Jameson Lopp on X (Link: https://twitter.com/lopp)
Casa (Link: https://casa.io/)
Jameson Loop Website (Link: https://tinyurl.com/5n863ah7)

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.com/theguyswann/)
Guy on TikTok (Link: https://www.tiktok.com/@theguyswann)
Guy on YouTube (Link: https://www.youtube.com/@theguyswann)
⁠Bitcoin Audible on X⁠ (Link: https://twitter.com/BitcoinAudible)

Check out our awesome sponsors!

Get 10% off the COLDCARD with code BITCOINAUDIBLE ⁠⁠⁠⁠⁠⁠(Link: bitcoinaudible.com/coldcard⁠⁠⁠⁠⁠⁠)
Swan: The best way to buy, learn, and earn #Bitcoin (Link: https://swanbitcoin.com)

“People have only as much liberty as they have the intelligence to want and the courage to take.”

~ Emma Goldman

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"You have to decide how to move forward. You have to decide what game you want to play; how much responsibility you are willing to shoulder. Do you want to stay stuck in the machine? A machine that uses and abuses you? A machine that feeds itself by extracting and devouring your time, attention, and value? Or do you have the courage to take control of your wealth, health, thoughts, and speech?"

~ DerGigi

Free speech is a non-negotiable foundation for society and human progress, as the open exchange of ideas allows us to productively clash perspectives and arrive at truth. Free speech and societal evolution are inextricably linked, our discussion today underscores how critical unrestricted discourse is to confronting humanity's most complex problems. But there is a huge concern in our current era... how can we ensure robust protections for free speech in an era of increasing censorship and centralized control over communication platforms?

Check out the original article at Speaking Freely - On the Oxymoron of Free Speech Platforms. (Link: https://tinyurl.com/4aem73sy)

Guest Links

Gigi on X (Link: https://twitter.com/dergigi)
Gigi on Nostr (Link: hhttps://tinyurl.com/2jhz4y6t)
Gigi Website (Link: https://dergigi.com/)

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.com/theguyswann/)
Guy on TikTok (Link: https://www.tiktok.com/@theguyswann)
Guy on YouTube (Link: https://www.youtube.com/@theguyswann)
⁠Bitcoin Audible on X⁠ (Link: https://twitter.com/BitcoinAudible)

Check out our awesome sponsors!

Get 10% off the COLDCARD with code BITCOINAUDIBLE ⁠⁠⁠⁠⁠⁠(Link: bitcoinaudible.com/coldcard⁠⁠⁠⁠⁠⁠)
Swan: The best way to buy, learn, and earn #Bitcoin (Link: https://swanbitcoin.com)

"If freedom of speech is taken away, then dumb and silent, we may be led like sheep to the slaughter."

~ George Washington

--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

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 economic structures?

Guest Links

Preston Pysh on X (Link: https://tinyurl.com/mru7sfrk)
Preston Pysh on Nostr (Link: https://primal.net/preston)

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.com/theguyswann/)
Guy on TikTok (Link: https://www.tiktok.com/@theguyswann)
Guy on YouTube (Link: https://www.youtube.com/@theguyswann)
⁠Bitcoin Audible on X⁠ (Link: https://twitter.com/BitcoinAudible)

Check out our awesome sponsors!

Get 10% off the COLDCARD with code BITCOINAUDIBLE ⁠⁠⁠⁠⁠⁠(Link: bitcoinaudible.com/coldcard⁠⁠⁠⁠⁠⁠)
Swan: The best way to buy, learn, and earn #Bitcoin (Link: https://swanbitcoin.com)

--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

Fiat money has a collection of malincentives and consequences for the degrading and rotting of society. As we covered in the first part of this series, it leads to mindless consumerism and a more materialist culture. As we continue, I want to cover something else that it does by stealing the value of our savings which is our bet on the future health and capacity of society to provide for us. What happens when we are forced to bet against the future. As well as artificially lowering the price to replace things in the economy, until an enormous amount of the economic engine is built around quick financing, low quality products, and then throwing it away to finance the next thing. It's time for a Guy's Take episode, This is The Fiat Replacement Theory.

Link to check out

Guy's Take_081 - Fiat Materialism (Link: https://tinyurl.com/2hesat23)

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.com/theguyswann/)
Guy on TikTok (Link: https://www.tiktok.com/@theguyswann)
Guy on YouTube (Link: https://www.youtube.com/@theguyswann)
⁠Bitcoin Audible on X⁠ (Link: https://twitter.com/BitcoinAudible)

Check out our awesome sponsors!

Get 10% off the COLDCARD with code BITCOINAUDIBLE ⁠⁠⁠⁠⁠⁠(Link: bitcoinaudible.com/coldcard⁠⁠⁠⁠⁠⁠)
Swan: The best way to buy, learn, and earn #Bitcoin (Link: https://swanbitcoin.com)

"Everywhere I travel, tiny life, single serving sugar, single serving cream, single pad of butter, the microwave, cordon bleu, hobby kit, shampoo conditioner combos, sample packaged mouthwash, tiny bars of soap.

The people I meet on each flight, they're single serving friends.

Between take off and landing we have our time together, that's all we get.

Welcome!"

~ Tyler Durden

--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

"The mechanisms enforcing this modern censorship are not confined to private sectors or individual platforms but are significantly directed and influenced by the U.S. government itself. This intertwining of state powers with censorship activities marks a troubling departure from traditional American values, where free speech has been held sacred."

~ Dr. Joseph Mercola

The troubling and dangerous emergence of a modern censorship system has taken hold in the west. A partnership of the governments, the military industrial complex, tech giants, and establishment news media have together subtly transformed the internet from a freedom-promoting platform into a tightly monitored, controlled, and censored environment. Could this be the end of free speech online, and what, if anything, can we do about it? All this and more as we cover Dr. Joseph Mercola's excellent article and expand in the Guy's Take to follow.

Check out the original article at The National Security State Is the Main Driver of Censorship in the US. (Link: https://tinyurl.com/4h6k67zr)

Links to check out

Read_781 - The Censorship Industrial Complex, CTIL Files 01 (Link: https://tinyurl.com/45rz53yw)
Read_681 - The Twitter Files - Part 1 [Matt Taibbi] (Link: https://tinyurl.com/mryhtmaz)

Guest Links

Dr. Joseph Mercola X (Link: https://tinyurl.com/3ajtjdu5)
Mercola Website (Link: https://tinyurl.com/35v6z8n6)

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.com/theguyswann/)
Guy on TikTok (Link: https://www.tiktok.com/@theguyswann)
Guy on YouTube (Link: https://www.youtube.com/@theguyswann)
⁠Bitcoin Audible on X⁠ (Link: https://twitter.com/BitcoinAudible)

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Swan: The best way to buy, learn, and earn #Bitcoin (Link: https://swanbitcoin.com)

"The world is not sliding, but galloping into a new transnational dystopia. This development has not been properly recognized outside of national security circles. It has been hidden by secrecy, complexity and scale. The internet, our greatest tool of emancipation, has been transformed into the most dangerous facilitator of totalitarianism we have ever seen."

~ Julian Assange

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"As far as I'm concerned, there's no obvious increased danger from the CCP having control over our access or our information or even modifying the algorithm, than it is the alphabets of the world or the METAs of the world or the CIA or the FBI's of the world, like these people... as far as I'm concerned, the United States federal government is way more of an existential threat to me than the CCP. I'm domiciled here, they have the ability to fine and tax and sanction and imprison me for wrong think. That's a way more clear and present danger."

~ Clint Russell

The bill to ban Tiktok, the risks of legislative "solutions," blaming technology for cultural decay, the death of personal responsibility, the second wave of the banking crisis, the systemic problems of fractional reserve, and the possibility of a path out of all of this mess. All this and more in our winding chat with Clint Russell of the Liberty Lockdown and The Best Political Show podcasts. Don't miss this one.

Guest Links

Clint Russell on X (Link: https://twitter.com/LibertyLockPod)
WeAreChange on Rumble (Link: https://rumble.com/WeAreChange)

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.com/theguyswann/)
Guy on TikTok (Link: https://www.tiktok.com/@theguyswann)
Guy on YouTube (Link: https://www.youtube.com/@theguyswann)
⁠Bitcoin Audible on X⁠ (Link: https://twitter.com/BitcoinAudible)

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Swan: The best way to buy, learn, and earn #Bitcoin (Link: https://swanbitcoin.com)

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"In a system that depends on irresponsible government spending (especially for perpetual war) and fiat printing to cover that irresponsibility, alarm bells cannot be allowed to work. There must be no pure price signals.

~ MacroScope

In "Bitter Opposition to Bitcoin," the episode delves into the reasons behind policymakers' aversion to Bitcoin, particularly the prospect of a Bitcoin ETF. What if the antagonism has nothing to do with the openly stated claims? Does Warren actually think Bitcoin is used by only criminals, or does she hate it for another reason entirely, one that cannot be admitted? We dive into a great little tweet from MacroScope in today's show to find out.

Check out the original article at MacroScope on X. (Link: https://tinyurl.com/2dnxcvns)

Links to check out

Read_808 - Alan Kohler: Bitcoin is not a Ponzi bubble. It’s worse – an insurrection (Link: https://tinyurl.com/msvwx3fn)
Read_795 - Bitcoin is Dead (Long Live IBIT) (Link: https://tinyurl.com/hdma3hb5)
Atlas Shrugged by Ayn Rand (Link: https://tinyurl.com/yn3f6myd)

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.com/theguyswann/)
Guy on TikTok (Link: https://www.tiktok.com/@theguyswann)
Guy on YouTube (Link: https://www.youtube.com/@theguyswann)
⁠Bitcoin Audible on X⁠ (Link: https://twitter.com/BitcoinAudible)

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Swan: The best way to buy, learn, and earn #Bitcoin (Link: https://swanbitcoin.com)

“The first duty of a man is to think for himself”

~ Jose Marti

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Atlas Shrugged (Centennial Ed.)

"Bitcoin will probably crash again but it is neither a Ponzi scheme nor a bubble – it’s something far worse: It is an inherently secure, tightly-controlled asset with a regulated supply, and is therefore a subversion to the whole basis of free-market financial capitalism."

~ Alan Kohler

What if Bitcoin is actually much worse than a Ponzi scheme? What if it's both here to stay, but also a total subversion to the very idea of the system we are currently in? Could this be another insurrectionist attack on this great nation and others? What if the systems that keep us safe and keep our financial system secure and solvent were to be undermined by a new rogue asset, that could threaten the foundations of all we have built? Find out the dangers of Bitcoin in today's read by Alan Kohler...

Check out the original article at Alan Kohler: Bitcoin is not a Ponzi bubble. It’s worse – an insurrection. (Link: https://tinyurl.com/33nnhbjn)

References from the show

Read_794 - Open Letter To Prospective ETF Buyers (Link: https://tinyurl.com/5d5fv93d)
"What does $6 trillion mean?" available on YouTube. (Link: https://www.youtube.com/watch?v=ojXxuibPLp4)

Guest Links

Alan Kohler on X (Link: https://twitter.com/AlanKohler)
Alan Kohler on The New Daily (Link: https://tinyurl.com/4z43zusc)

Host Links

Guy on Nostr (Link: http://tinyurl.com/2xc96ney)
Guy on X (Link: https://twitter.com/theguyswann)
Bitcoin Audible on X (Link: https://twitter.com/BitcoinAudible)

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Get 10% off the COLDCARD with code BITCOINAUDIBLE ⁠⁠⁠⁠⁠⁠(Link: bitcoinaudible.com/coldcard⁠⁠⁠⁠⁠⁠)
Swan: The best way to buy, learn, and earn #Bitcoin (Link: https://swanbitcoin.com)

--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

"Of all measurement instruments, the clock is the most valuable because so many of the things we sacrifice to create are not fungible. The massive clock towers of Europe, with their enormous loud and resonant bells, broadcasting time, fairly across the town and even the countryside, rather than the last relics of the medieval, were the first building block of the wealthy modern world."

~ Nick Szabo

Part 2 of "A Measure of Sacrifice" delves into the profound impact of mechanical clocks on societal structures, emphasizing how the precise measurement of time transformed economic practices and labor relations. By creating a standardized and fungible measure of sacrifice — time — clocks facilitated the shift from serfdom and slavery to wage labor, showcasing the power of technological advancements in reshaping human interactions and values. How does this illuminate the value and role of Bitcoin in creating a new revolution in the measure and exchange of sacrifice, independently and verifiably? Could it end monetary slavery?

Check out the original article at ⁠A Measure of Sacrifice ⁠(Link: https://tinyurl.com/3j54336p)

Links from the commentary

⁠What Does $6 Trillion Mean on Youtube⁠ (Link: https://tinyurl.com/2uf5rppp)

Guest Links

⁠Nick Szabo on Twitter (Link: https://twitter.com/NickSzabo4)
⁠Nick Szabo Website (Link: https://tinyurl.com/mw9dcysa)

Host Links

⁠Guy on Nostr ⁠(Link: http://tinyurl.com/2xc96ney)
⁠Guy on X ⁠(Link: https://twitter.com/theguyswann)
⁠Bitcoin Audible on X⁠ (Link: https://twitter.com/BitcoinAudible)

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⁠Swan⁠: The best way to buy, learn, and earn #Bitcoin (Link: https://swanbitcoin.com)

“When you want to help people, you tell them the truth. When you want to help yourself, you tell them what they want to hear.”

~ Thomas Sowell

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"From an engineering perspective the mechanical clock with its novelty, the escapement, was by far the more important invention. In terms of its impact on contemporary temporal relationships, the mechanical clock and sandglass were of similar importance. The main innovations were the restructurings of the relationships themselves. Chief among these was the time-rate wage, which played a leading role the economic revolution that started in the late Middle Ages. -- During this era physically coerced labor gave way to worker choice; serfdom and slavery succumbed to the time-rate wage." ~ Nick Szabo

In this episode, we dive deep into the fascinating history of timekeeping and its revolutionary impact on society and our economy. Join me, Guy Swan, as we explore "A Measure of Sacrifice" by Nick Szabo, uncovering the profound connection between the evolution of clocks, the concept of proof of work, and our modern understanding of value and fairness. Don't miss this journey through time—right here on Bitcoin Audible.

Check out the original article at A Measure of Sacrifice | Satoshi Nakamoto Institute. (Link: https://tinyurl.com/4dhej9dc)

Guest Links

[Guest Name] on X (Link: https://twitter.com/guest)
[Guest Name] on Nostr (Link: https://tinyurl.com/XXX)
[Guest/Company Website] (Link: https://example.com/)

Host Links

Guy on Nostr (Link: http://tinyurl.com/2xc96ney)
Guy on X (Link: https://twitter.com/theguyswann)
Bitcoin Audible on X (Link: https://twitter.com/BitcoinAudible)

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Swan: The best way to buy, learn, and earn #Bitcoin (Link: https://swanbitcoin.com)

"There is no second best" ~ Michael Saylor

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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 begin with? It's time for a Guy's Take episode.

Listen to the recent read by Hulsmann to understand the foundations of this episode

Bitcoin Audible - Read_805 - Dear Crypto & Fiat Bros (Link: https://tinyurl.com/y5n5fp9h)

Host Links

Guy on Nostr (Link: http://tinyurl.com/2xc96ney)
Guy on X (Link: https://twitter.com/theguyswann)
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Swan: The best way to buy, learn, and earn #Bitcoin (Link: https://swanbitcoin.com)

"And were an epitaph to be my story I'd have a short one ready for my own. I would have written of me on my stone: I had a lover's quarrel with the world."

~ Robert Frost

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"Whether you're a rekt crypto bro or a friend of fiat, there is one thing that is especially difficult to accept. The one thing that sets Bitcoin apart: it all works without anyone in charge."

~ Gigi

The crypto and fiat bros of the world are likely in shock as Bitcoin, once again, has not died. Once again, rallies toward all time highs despite the clear "unbacked tulip mania bubble" that it really is if you ask the typical fiat and crypto minded. I think it's valuable to go back to a piece written by the ever-thought provoking mind of DerGigi in the very heart of the bear market. How could it be so clear that we were headed back here? What could lead to such conviction? What do we understand, that others don't? Find out in today's excellent read.

Check out the original article at Dear Crypto & Fiat Bros. (Link: https://tinyurl.com/5n9byjh9)

Guest Links

Gigi on X (Link: https://twitter.com/dergigi)
Gigi on Nostr (Link: https://tinyurl.com/4fstytkn)
Gigi's Website (Link: https://dergigi.com/)

Host Links

Guy on Nostr (Link: http://tinyurl.com/2xc96ney)
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Swan: The best way to buy, learn, and earn #Bitcoin (Link: https://swanbitcoin.com)

“Sometimes the questions are complicated and the answers are simple.”

~ Dr. Seuss

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"It might feel as if the promised future is perpetually out of reach, but building Lightning is a lot like climbing a mountain. Climbers never really see the summit until they’re standing on top of it. They often can’t even see over the next ridge. Planning the ascent is important, but most of the time you’re simply concentrating on the next foothold. But the steps add up. Just like the view from the top is the reward for all that effort, a brighter monetary future will be our reward for building the network bit by bit."

~ Roy Sheinfeld

Today we dive into a short read covering an interesting technical challenge, but touches on a hint of truth that makes for a fascinating commentary to follow. It is easy to get lost and see where Bitcoin's potential hasn't lived up to impossible promises, but its critical that we not lose sight of where we have come from. To have a perspective rooted in reality weighing our progress from where we actually came, not lost in a foolish expectation and comparing to a falsely remembered past. Let's dive into a great little piece from Roy Sheinfeld, CEO at Breez.

Check out the original article at The Past, Present, and Future of Offline Payments. (Link: http://tinyurl.com/mtmvatbx)

Mentioned in the episode

Chat_093 - P2P Payments for the World with Roy Sheinfeld (Link: http://tinyurl.com/3cv2ux2x)
Read_793 - How DigiCash Blew Everything (Link: http://tinyurl.com/2s49yer8)
Read_766 - Spiderchains, Proof of Stake L2. (Link: http://tinyurl.com/2vybksr8)
Chat_092 - Second Coming of the P2P Web (Link: http://tinyurl.com/37n6426t)

Guest Links

Roy Sheinfeld on X (Link: https://twitter.com/therealkingonly)

Host Links

Guy on Nostr (Link: http://tinyurl.com/2xc96ney)
Guy on X (Link: https://twitter.com/theguyswann)
Bitcoin Audible on X (Link: https://twitter.com/BitcoinAudible)

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Swan: The best way to buy, learn, and earn #Bitcoin (Link: https://swanbitcoin.com)

“We can complain because rose bushes have thorns, or rejoice because thorns have roses.”

~ Alphonse Karr

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"Izzy said there could be inflation in a hyperbitcoinized world. And she's right. Calm down, maxis, calm down! Explaining why this is true sheds light on yet another of Bitcoin’s quasi-magical properties and paints our hyperbitcoinized future an even rosier shade of orange. This is good for Bitcoin."

~ Allen Farrington

This may seem crazy, heretical even, but inflation can occur in a hyperbitcoinized world. How could that possibly be? When there's only ever 21 million BTC? Is this nothing but fiat nonsense, or does it clarify an important distinction while at the same time revealing the absurdity of a major keynesian economic model? Listen to Allen Farrington's 2021 piece on the topic today to find out.

Check out the original article at Inflation In A Hyperbitcoinized World (Link: http://tinyurl.com/yeyp6mk4)

Guest Links

Allen Farrington on X (Link: https://twitter.com/allenf32)
Allen Farrington Website (Link: https://www.uncerto.com/)

Host Links

Guy on Nostr (Link: http://tinyurl.com/2xc96ney)
Guy on X (Link: https://twitter.com/theguyswann)
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Swan: The best way to buy, learn, and earn #Bitcoin (Link: https://swanbitcoin.com)

"It's the questions we can't answer that teach us the most. They teach us how to think. If you give a man an answer, all he gains is a little fact. But give him a question and he'll look for his own answers."

~ Patrick Rothfuss, The Wise Man's Fear

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"I'm super confident that lightning is not just the present but also the future of lightning. It is the interoperability layer between all things Bitcoin." ~ Roy Sheinfeld

What is the future of the lightning network and how is it transforming the Bitcoin ecosystem? Today we take a journey with Roy Sheinfeld of Breez, diving into the latest innovations in lightning, exploring the Breeze SDK, liquidity management, and the path and place that lightning will have in an open, permissionless monetary ecosystem. Find out more about Bitcoins' scaling challenges and how we can use the tools today, to build the future we seek.

Guest Links

Roy on Twitter⁠ (Link: https://twitter.com/therealkingonly)
⁠Roy on nostr⁠ (Link: http://tinyurl.com/8vzr4zdn)
Breez Medium⁠ (Link: https://medium.com/breez-technology)
⁠Breez Telegram⁠ (Link: tg://resolve?domain=breez_lightning)

Host Links

Guy on Nostr (Link: http://tinyurl.com/2xc96ney)
Guy on X (Link: https://twitter.com/theguyswann)
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Swan: The best way to buy, learn, and earn #Bitcoin (Link: https://swanbitcoin.com)

--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

"The foregoing considerations are by no means an exhaustive account of the cultural and spiritual legacy of fiat inflation. But they should suffice to substantiate the main point: that fiat inflaiton is a powerhouse of social, economic, cultural, and spiritual destruction."

Fiat inflation is more than a hidden tax on everyday folks—it's the fuel for the worst parts of our system, feeding both the war monster overseas and a creeping police state at home. It fosters a culture where impulsive, harmful choices are rewarded, punishing those who live sensibly and plan for tomorrow. It's a thief that strips us of our wealth, our values, and our spirit. Dive into today's must-read from Jorg Guido Hulsmann at the Mises Institute, and see the society rotting symptoms of the fiat disease.

Check out Jorg Guido Hulsmann's article:

How Inflation Destroys Civilization (Link: http://tinyurl.com/3xbzx6r5)

Don't forgot to follow and boost on Fountain (Link: https://www.fountain.com/)

Host Links

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Swan: The best way to buy, learn, and earn #Bitcoin (Link: https://swanbitcoin.com)

“Don’t pay attention to ‘authorities’, think for yourself.”

~ Richard P. Feynman

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"During the peak transaction fee times over the past month, our example transaction would be dust even for .001 BTC. That’s a little less than $50 at current market conditions. This feels incredible. 100,000 sats suddenly turned into dust. Gone. Unusable. This is terrifying."

~ Joe Rodgers

While we have a short respite from the crazy fees that have hit the Bitcoin world recently, there couldn't be a more important time to discuss the cost of moving UTXOs and just how to manage your bitcoin balances so they don't get swallowed by high fees. Have you analyzed your bitcoin balances and transactions to know where you stand? Have you consolidated your weekly purchases? Don't let your bitcoin turn to dust, listen to today's episode to learn how to protect yourself.

Check out the original article at To Dust You Shall Return. (Link: http://tinyurl.com/kmuw7bn9)

Links to other things mentioned in the shownotes

Bitcoin Audible - Read_791 - Rethinking Lightning (Link: http://tinyurl.com/3j8yke2d)

Guest Links

Joe Rodgers on X (Link: https://twitter.com/_joerodgers)
Joe Rodgers Website (Link: https://jrjr.meme/)

Host Links

Guy on Nostr (Link: https://tinyurl.com/yc376bff)
Guy on X (Link: https://twitter.com/theguyswann)
Bitcoin Audible on X (Link: https://twitter.com/BitcoinAudible)

Check out our awesome sponsors!

Get 9% off the COLDCARD with code BITCOINAUDIBLE ⁠⁠⁠⁠⁠⁠(Link: bitcoinaudible.com/coldcard⁠⁠⁠⁠⁠⁠)
Swan: The best way to buy, learn, and earn #Bitcoin (Link: https://swanbitcoin.com)

“The reason most people fail instead of succeed is they trade what they want most for what they want at the moment.”

~ Napoleon Bonaparte

--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

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 peer web. This is a huge moment for P2P, don't miss this chat!

Don't forget to check out the many links and tools available to explore this incredible tech!

Pears | Unleash the Power of P2P (Link: https://pears.com/)
🍐 Pears - YouTube (Link: http://tinyurl.com/5x5kfd7v)
Pears_com - Twitter (Link: https://twitter.com/Pears_p2p)
Keet by 🕳🥊 - Twitter (Link: https://twitter.com/keet_io)
Keet by Holepunch

Join the Keet room with the Pear Community (Link: https://pears.com/contact/)

Host Links

Guy on Nostr (Link: https://tinyurl.com/yc376bff)
Guy on X (Link: https://twitter.com/theguyswann)
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Get 9% off the COLDCARD with code BITCOINAUDIBLE ⁠⁠⁠⁠⁠⁠(Link: bitcoinaudible.com/coldcard⁠⁠⁠⁠⁠⁠)
Swan: The best way to buy, learn, and earn #Bitcoin (Link: https://swanbitcoin.com)

“Your beliefs become your thoughts, Your thoughts become your words, Your words become your actions, Your actions become your habits, Your habits become your values, Your values become your destiny.”

~ Gandhi

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"For too long, the world has had to endure the fallout of subpar academic research on bitcoin mining’s energy use and environmental impact. The outcome of this bullshit research has been shocking news headlines that have turned some well-meaning people into angry politicians and deranged activists. So that you never have to endure the brutality of one of these sloppy papers, I’ve sacrificed my soul to the bitcoin mining gods and performed a full-scale analysis of a study from the United Nations University, published recently in the American Geophysical Union’s Earth’s Future. Only the bravest and hardest of all bitcoin autists may proceed to the following paragraphs, the rest of you can go back to watching the price chart."

~ Margot Paez

The battle for common sense in Bitcoin regulation and understanding of its energy use and environmental footprint may not ever be winnable, but in the course of the war on garbage research, if from time to time we get entertaining and scathing articles like this one from Margot Paez that tears apart their research... maybe it'll all be worth it.

A major shout out to btcpolicy.org for their incredible work.

Check out the original article at Mining Misinformation: How The United Nations University Misrepresents Bitcoin's Energy Use (Link: http://tinyurl.com/43f4ubtr)

For the other links and references shared in the angry rant following the read

The Latest United Nations Study on Bitcoin Mining is Fundamentally Flawed (Link: http://tinyurl.com/4utdzs2n)

Guest Links

Margot Paez on X (Link: https://twitter.com/jyn_urso)
Margot Paez on Linktr (Link: https://linktr.ee/jynurso)

Host Links

Guy on Nostr (Link: https://tinyurl.com/yc376bff)
Guy on X (Link: https://twitter.com/theguyswann)
Bitcoin Audible on X (Link: https://twitter.com/BitcoinAudible)

Check out our awesome sponsors!

Get 9% off the COLDCARD with code BITCOINAUDIBLE ⁠⁠⁠⁠⁠⁠(Link: bitcoinaudible.com/coldcard⁠⁠⁠⁠⁠⁠)
Swan: The best way to buy, learn, and earn #Bitcoin (Link: https://swanbitcoin.com)

“Forming your worldview by relying on the media would be like forming your view about me by looking only at a picture of my foot.”

~ Hans Rosling

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"NWC is useful for far more than simply integrating Lightning into Nostr applications as well. The entire design philosophy of Nostr itself as a protocol was centered around keeping it simple enough that the entire protocol could be easily implemented correctly by any developer with minimal time and resources. Applications that have nothing to do with Nostr can easily integrate NWC or similar protocols with almost no overhead or complexity to address the underlying issues of how to connect a Bitcoin wallet with their application without having to build it directly into the app."

What if some of the biggest improvements in security, decentralization, and the power of Bitcoin and its app ecosystem, isn't a new OP_CODE or functionality of the bitcoin client, but instead the utilization of something completely separate? What if we can use Nostr, or other decentralized protocols, as identity and coordination layers for Bitcoin apps, so new applications can quickly and easily communicate, and connect to other devices and wallets, without the incredible overhead and complexity that this usually entails? This, is Nostr Wallet Connect.

Check out the original article at ⁠Nostr Wallet Connect: A Bitcoin Application Collaboration Layer. ⁠(Link: http://tinyurl.com/3w7fe7nf)

References in the commentary

⁠NWC.DEV - Nostr Wallet Connect⁠ (Link: https://nwc.dev/)

Guest Links

⁠Brian Trollz on X⁠ (Link: http://tinyurl.com/yksvbn7k)
⁠Brian Trollz on Bitcoin Magazine ⁠ (Link: https://bitcoinmagazine.com/authors/shinobi)

Host Links

⁠Guy on Nostr ⁠(Link: https://tinyurl.com/yc376bff)
⁠Guy on X ⁠(Link: https://twitter.com/theguyswann)
⁠Bitcoin Audible on X⁠ (Link: https://twitter.com/BitcoinAudible)

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⁠Swan⁠: The best way to buy, learn, and earn #Bitcoin (Link: https://swanbitcoin.com)

“It occurs to me that our survival may depend upon our talking to one another.”

~ Dan Simmons

--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

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

Is Bitcoin destined to fall when quantum computers make their debut? Is the encryption that underpins the entire design of the system at risk this year? This decade? This century? What is the real story behind quantum computing and is there anything we can know from looking at the industry today and where it has, or has not succeeded, in living up to its many promises? Find out in today's episode.

Check out the original article at Quantum Computing’s Hard, Cold Reality Check Hype is everywhere, skeptics say, and practical applications are still far away. (Link: http://tinyurl.com/4xsrz2y3)

References made in the show

The Debt Doesn't Matter (Link: http://tinyurl.com/mr2msz9a)
014 A Million New Devs with Hope TS (Link: http://tinyurl.com/tztpez55)

Guest Links

Edd Gent on X (Link: https://twitter.com/EddytheGent)

Host Links

Guy on Nostr (Link: https://tinyurl.com/yc376bff)
Guy on X (Link: https://twitter.com/theguyswann)
Bitcoin Audible on X (Link: https://twitter.com/BitcoinAudible)

Check out our awesome sponsors!

Get 9% off the COLDCARD with code BITCOINAUDIBLE ⁠⁠⁠⁠⁠⁠(Link: bitcoinaudible.com/coldcard⁠⁠⁠⁠⁠⁠)
Swan: The best way to buy, learn, and earn #Bitcoin (Link: https://swanbitcoin.com)

There is only one kind of shock worse than the totally unexpected: the expected for which one has refused to prepare.”

~ Mary Renault

--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

"One of the amazing things about the internet economy is how different the list of top internet properties today looks from the list ten years ago. It wasn’t as if those former top companies were complacent – most of them acquired and built products like crazy to avoid being displaced.

The reason big new things sneak by incumbents is that the next big thing always starts out being dismissed as a “toy.”

~ Chris Dixon

Why do so many miss the biggest innovations and most revolutionary technologies sitting right in front of their eyes? Sometimes, like Bitcoin, it is such a drastic change, or solves something so fundamental, that many aren't even aware of the problem. It simply doesn't fit in their worldview. But far more often disruptive technologies are dismissed because they find their first footing in a small, obscure, or purely explorative niche... in other words, they get mistaken as a toy, until they change the world.

Check out the original article at The next big thing will start out looking like a toy. (Link: http://tinyurl.com/3av4vk4d)

Guest Links

Chris Dixon on X (Link: https://twitter.com/cdixon)
Read Write Own - Building the Next Era of the Internet Book (Link: https://readwriteown.com/)
Chris Dixon Website (Link: https://cdixon.org/)

Host Links

Guy on Nostr (Link: https://tinyurl.com/yc376bff)
Guy on X (Link: https://twitter.com/theguyswann)
Bitcoin Audible on X (Link: https://twitter.com/BitcoinAudible)

Check out our awesome sponsors!

Get 9% off the COLDCARD with code BITCOINAUDIBLE ⁠⁠⁠⁠⁠⁠(Link: bitcoinaudible.com/coldcard⁠⁠⁠⁠⁠⁠)
Swan: The best way to buy, learn, and earn #Bitcoin (Link: https://swanbitcoin.com)

“All big things come from small beginnings. The seed of every habit is a single, tiny decision. But as that decision is repeated, a habit sprouts and grows stronger. Roots entrench themselves and branches grow. The task of breaking a bad habit is like uprooting a powerful oak within us. And the task of building a good habit is like cultivating a delicate flower one day at a time.”

~ James Clear, Atomic Habits

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"Bitcoin wastes energy. You've heard it a million times. But what if its the exact opposite of the truth in every way? What if its actually our energy grid that is wasteful, and Bitcoin can fix it? What if its renewable energy that is unreliable and uneconomical, and bitcoin mining can balance it out. What is its fiat that's wasteful and unfair, and Bitcoin can correct it? And what if the entire premise is built upon the failure to even understand what it is that Bitcoin does? I think it's time for a Guys' Take episode"

Today we follow up Gladstein's incredible read, and delve into the potential of Bitcoin mining to balance renewable energy sources, correct the wastefulness of fiat currencies, and provide an economically sustainable solution to the world's monetary problems. With insights into how Bitcoin not only conserves but optimizes wasted energy, the discussion challenges prevailing narratives about Bitcoin's energy consumption, offering a fresh perspective on its role in environmental sustainability and economic empowerment.

Other Episodes to explore the energy argument

Read_056 - Five Myth's About Bitcoin's Energy Use (Link: http://tinyurl.com/4ctnrb3w)
Read_306 - Bitcoin does not waste energy [Parker Lewis] (Link: http://tinyurl.com/bdefj2kj)
Read_454 - Last Word on Bitcoins Energy Consumption [Nic Carter] (Link: http://tinyurl.com/2uvc7pn8)
Read_519 - Key to Abundant, Clean Energy Future [Square & ARKinvest] (Link: http://tinyurl.com/yjymyhtv)
Read_522 - Hidden costs of petrodollar system [Alex Gladstein] (Link: http://tinyurl.com/2wnkmrj2)

Host Links

Guy on Nostr (Link: https://tinyurl.com/yc376bff)
Guy on X (Link: https://twitter.com/theguyswann)
Bitcoin Audible on X (Link: https://twitter.com/BitcoinAudible)

Check out our awesome sponsors!

Get 9% off the COLDCARD with code BITCOINAUDIBLE ⁠⁠⁠⁠⁠⁠(Link: bitcoinaudible.com/coldcard⁠⁠⁠⁠⁠⁠)
Swan: The best way to buy, learn, and earn #Bitcoin (Link: https://swanbitcoin.com)

"Of all tyrannies, a tyranny sincerely exercised for the good of its victims may be the most oppressive. It would be better to live under robber barons than under omnipotent moral busybodies. The robber baron's cruelty may sometimes sleep, his cupidity may at some point be satiated; but those who torment us for our own good will torment us without end for they do so with the approval of their own conscience."

~ CS Lewis

--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

"One night during my visit to Bondo, Carl asked me to pause as the sunset was fading, to look at the hills around us: the lights were all turning on, all across the foothills of Mt. Mulanje. It was a powerful sight to see, and staggering to think that Bitcoin is helping to make it happen as it converts wasted energy into human progress."

~ Alex Gladstein

Can you imagine what it may be like to lack access to the most basic necessities like electricity, only to finally have the opportunity to turn your lights on as the sun sets, due to a room of computers, hashing away for the Bitcoin network? Alex Gladstein of the Human Rights Foundation brings us another incredible piece on how Bitcoin is freeing both the persecuted people and the wasted energy on the African continent. Not in some theoretical sense or some future hypothetical scenario, but today for real people. If you listen to any articles this week, this is the one not to miss.

Check out the original article on Bitcoin Magazine: STRANDED - How Bitcoin is Saving Wasted Energy in Africa. (Link: http://tinyurl.com/357c7f3p)

Guest Links

Gladstein on X (Link: https://twitter.com/gladstein)
Gladstein on Nostr (Link: http://tinyurl.com/9mjcpj58)
HRF (Link: https://hrf.org/)

Host Links

Guy on Nostr (Link: https://tinyurl.com/yc376bff)
Guy on X (Link: https://twitter.com/theguyswann)
Bitcoin Audible on X (Link: https://twitter.com/BitcoinAudible)

Check out our awesome sponsors!

Get 9% off the COLDCARD with code BITCOINAUDIBLE ⁠⁠⁠⁠⁠⁠(Link: bitcoinaudible.com/coldcard⁠⁠⁠⁠⁠⁠)
Swan: The best way to buy, learn, and earn #Bitcoin (Link: https://swanbitcoin.com)

“Sovereignty is not given, it is taken.”

~ Mustafa Kemal Atatürk

--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

"To put it simply, there are now corporations with billions of dollars of investment in not just the asset, but the ecosystem. Mining is a huge economic drain on the system, and all it accomplishes is censorship resistance. If censorship resistance isn’t worth tens or hundred of billions or dollar per year to the corporations; they will find a way to end it. When they do try to end it, they can point to the ETFs enduring appeal and ignore any constitutional brinkmanship from OG Bitcoiners who threaten to reject the new rules or sell their stacks."

~ Achim Warner

Does the approval and potentially massive success of the Bitcoin ETFs in the west change the incentive dynamics of the Bitcoin system? If the BlackRock ETF becomes the dominant form of liquidity for Bitcoin purchasing among the millions of fools who do not understand or care about its value or ethos, does this open a path to remove bitcoin's mining process completely, as censorship resistance becomes nothing more than an arbitrary cost? Is this the inevitable end for Bitcoin given a long enough amount of time for the ideology that protected it to be watered down, until it is unrecognizable?

Find out in today's read and the Guy's Take to follow

Check out the original article at Bitcoin is dead (long live IBIT) by Achim Warner. (Link: http://tinyurl.com/2xresf8y)

Guest Link

Achim Warner on X (Link: https://twitter.com/AchimWar)

Host Links

Guy on Nostr (Link: https://tinyurl.com/yc376bff)
Guy on X (Link: https://twitter.com/theguyswann)
Bitcoin Audible on X (Link: https://twitter.com/BitcoinAudible)

Check out our awesome sponsors!

Get 9% off the COLDCARD with code BITCOINAUDIBLE ⁠⁠⁠⁠⁠⁠(Link: bitcoinaudible.com/coldcard⁠⁠⁠⁠⁠⁠)
Swan: The best way to buy, learn, and earn #Bitcoin (Link: https://swanbitcoin.com)

"The first principle is that you must not fool yourself, and you are the easiest person to fool."

~ Richard P Feynman

--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

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 Audible - Read_789 - Can Appreciating Bitcoin Be a Good Money? (Link: http://tinyurl.com/mrjpe73b)
The Coming Displacement of the Dollar - Chronicles (Link: http://tinyurl.com/mubnvdc5)
COMMON SENSE: The Case for an Independent Texas | Mises Institute (Link: http://tinyurl.com/47xv38ea)

Guest Links

Robert P. Murphy on X ⁠(Link: http://tinyurl.com/2wwyn7dk)
⁠Bob Murphy Show Website⁠ (Link: https://www.bobmurphyshow.com/)
Some of Dr. Murphy's Popular Books (Link: https://consultingbyrpm.com/)

Host Links

Guy on Nostr (Link: https://tinyurl.com/yc376bff)
Guy on X (Link: https://twitter.com/theguyswann)
Bitcoin Audible on X (Link: https://twitter.com/BitcoinAudible)

Check out our awesome sponsors!

Get 9% off the COLDCARD with code BITCOINAUDIBLE ⁠⁠⁠⁠⁠⁠(Link: bitcoinaudible.com/coldcard⁠⁠⁠⁠⁠⁠)
Swan: The best way to buy, learn, and earn #Bitcoin (Link: https://swanbitcoin.com)

--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

"Bitcoin enables perhaps the most powerful mode of ownership ever devised; it would be akin to gold inside a safe that can’t be penetrated with all the energy the universe, and with a password that you know but which could not be guessed over the entire lifetime of the universe."

~ Allen Farrington

What if buying an ETF of Bitcoin, is contradictory to the very investment thesis of Bitcoin itself. Knowing the investment thesis for bitcoin, should entail the understanding that bitcoin's value proposition is undermined by the very notion of holding a credit instrument in its place. Farrington breaks down a few of the reasons why in this excellent, short letter to those considering a purchase of the newly approved bitcoin ETFs.

Check out the original article at An Open Letter to Prospective Buyers of a Bitcoin ETF. (Link: http://tinyurl.com/ykktptk4)

References from the show:

Shelling Out: The Origins of Money | Satoshi Nakamoto Institute (Link: http://tinyurl.com/4r8ynwtf)
Read - Capital in the 21st century. (Link: http://tinyurl.com/4k4vcz99)
Read - Orange is the New Green (Link: http://tinyurl.com/bdebpcur)
Read - Banks without Bankers (Link: http://tinyurl.com/2vjtmrcn)
Bitcoin is Venice: Essays on the Past and Future of Capitalism by Allen Farrington, Sacha Meyers, Guy Swann. (Link: http://tinyurl.com/yrj6k3cm)
The Lightning Network Reference Rate by Nik Bhatia. (Link: http://tinyurl.com/mr3cmrtr)
The LINER Index: How Amboss is Shaping a More Inclusive Future for Finance by Amboss Technologies. (Link: http://tinyurl.com/yk7f2zhu)

Guest Links

Allen Farrington on X (Link: https://twitter.com/allenf32)
Allen Farrington Website (Link: https://www.uncerto.com/)

Host Links

Guy on Nostr (Link: https://tinyurl.com/yc376bff)
Guy on X (Link: https://twitter.com/theguyswann)
Bitcoin Audible on X (Link: https://twitter.com/BitcoinAudible)

Check out our awesome sponsors!

Get 9% off the COLDCARD with code BITCOINAUDIBLE ⁠⁠⁠⁠⁠⁠(Link: bitcoinaudible.com/coldcard⁠⁠⁠⁠⁠⁠)
Swan: The best way to buy, learn, and earn #Bitcoin (Link: https://swanbitcoin.com)

“Freedom is not worth having if it does not include the freedom to make mistakes.”

~ Mahatma Gandhi

--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

"Retrospectively, a lot of ex-DigiCash employees understand why Chaum was so paranoid. As a cryptographer you have to assume the whole world is trying to rip you off. A certain amount of paranoia is part of the job. Chaum had also worked for intelligence agencies, and that didn't fortify his faith in the good intentions of humankind. His vision of the privacy of the individual was almost an obsession. In 1996 he said, in the relations magazine of Honeywell-Bull: "The difference between a bad electronic cash system and well-developed digital cash will determine whether we will have a dictatorship or a real democracy."

~ NEXT Magazine, 1999

Today's story unfolds around the rise and fall of DigiCash, a pioneering company in digital currency from the 90s. It delves into the paradox of its founder, David Chaum, a visionary yet paranoid cryptographer, whose brilliance in cryptography was overshadowed by his poor business acumen and inability to delegate. This leads to a compelling question: How did DigiCash, despite its advanced technology and potential to revolutionize digital payments, fail and how would the past have been different if it hadn't?

This is an amazing blast from the past with many lessons to learn, don't miss the article and the Guy's Take to follow!

Check out the original article at How DigiCash Blew Everything. (Link: http://tinyurl.com/2s37ew47)

Host Links

Guy on Nostr (Link: https://tinyurl.com/yc376bff)
Guy on X (Link: https://twitter.com/theguyswann)
Bitcoin Audible on X (Link: https://twitter.com/BitcoinAudible)

Check out our awesome sponsors!

Get 9% off the COLDCARD with code BITCOINAUDIBLE ⁠⁠⁠⁠⁠⁠(Link: bitcoinaudible.com/coldcard⁠⁠⁠⁠⁠⁠)
Swan: The best way to buy, learn, and earn #Bitcoin (Link: https://swanbitcoin.com)

“The most effective way to destroy people is to deny and obliterate their own understanding of their history.”

~ George Orwell

--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

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 and protect our values for future generations.

Links Referenced

Small Gods by Terry Pratchetts - Amazon (Link: http://tinyurl.com/28wx874m)
Theft of Fire: Orbital Space by Devon Eriksen - Amazon - Smashwords (Link: http://tinyurl.com/36vxwc9n) (Link: http://tinyurl.com/3k64zuc7)
More buying options (Link: http://tinyurl.com/yt5d35n3)
Devon's Website (Link: http://tinyurl.com/yc6v5v7w)

Guest Links

Devon Eriksen on X (Link: https://www.twitter.com/Devon_Eriksen_)
Devon Eriksen Website (Link: https://www.devoneriksen.com/)

Host Links

Guy on Nostr (Link: https://tinyurl.com/yc376bff)
Guy on X (Link: https://twitter.com/theguyswann)
Bitcoin Audible on X (Link: https://twitter.com/BitcoinAudible)

Check out our awesome sponsors!

Get 9% off the COLDCARD with code BITCOINAUDIBLE ⁠⁠⁠⁠⁠⁠(Link: bitcoinaudible.com/coldcard⁠⁠⁠⁠⁠⁠)
Swan: The best way to buy, learn, and earn #Bitcoin (Link: https://swanbitcoin.com)

"Enjoy the hell out of this one you will."

~ Yoda

--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

None

Small Gods (Discworld, 13)

"I hope Bitcoin sticks around and grows more popular, but in its current form to most in #TradFi it is the opposite of SOUND MONEY, especially if it takes cult-like behavior to make it grow. It needs the STATE to force its use on everyone. That is what makes it MONEY."

~ Samantha LaDuc

Today we dive into the enlightening twitter thread from financial analyst Samantha LaDuc on why Bitcoin cannot be and is not money, one of which is because money is enforced by the state, but that's only just the beginning.

We witness another instance of the unfortunate confidence where people in finance mistakenly think that because they deal with money, and numbers, and charts, and P/E ratios, that this means they understand money. A very, very different discipline that is meaningful over far, far larger time horizons. So let's take a peak into this world view, and then in the spirit of debate... tear it apart. I think you'll enjoy this one 😜

Check out the original tweet at Samantha La Duc's profile. (Link: https://twitter.com/SamanthaLaDuc)

Referenced in the show

Debt: The First 5000 Years (Link: http://tinyurl.com/2ve3fxt2)

Guest Links

[Samantha La Duc Website] (Link: www.samanthaladuc.com)

Host Links

Guy on Nostr (Link: https://tinyurl.com/yc376bff)
Guy on X (Link: https://twitter.com/theguyswann)
Bitcoin Audible on X (Link: https://twitter.com/BitcoinAudible)

Check out our awesome sponsors!

Get 9% off the COLDCARD with code BITCOINAUDIBLE ⁠⁠⁠⁠⁠⁠(Link: bitcoinaudible.com/coldcard⁠⁠⁠⁠⁠⁠)
Swan: The best way to buy, learn, and earn #Bitcoin (Link: https://swanbitcoin.com)

“Facts do not cease to exist because they are ignored.”

~ Aldous Huxley

--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

"Part of the problem of Lightning’s shortcoming regarding scalability of Bitcoin ownership is that in order to open a channel, or control a UTXO, you actually have to transact on the base layer. After that Lightning can facilitate a very large number of transactions off-chain but a user must still transact on-chain to onboard themselves to Lightning, It massively increases the number of transactions Bitcoin can process but it does nothing at all to increase the number of people who can own bitcoin.

~ Shinobi

With scaling a hot issue again, and CTV coming back from the dead with concrete proposals, and covenants on the table, its time to dive back in and make sense of the options, and the concept of scaling not just bitcoin payments, as lightning has done, but Bitcoin ownership. From UTXOs to virtual UTXOs, could this primitive be the next major step in bringing Bitcoin sovereignty to the whole world?

Check out the original article at How CTV Helps Scale Bitcoin. (Link: https://bitcoinmagazine.com/technical/how-ctv-can-help-scale-bitcoin)

A great primer for this episode and discussion is

Read_791 - Rethinking Lightning (Link: http://tinyurl.com/4wa6hxcv)

Guest Links

Brian Trollz on X (Link: https://twitter.com/guest)
Brian Trollz on Bitcoin Magazine (Link: http://tinyurl.com/bded6sw8)

Host Links

Guy on Nostr (Link: https://tinyurl.com/yc376bff)
Guy on X (Link: https://twitter.com/theguyswann)
Bitcoin Audible on X (Link: https://twitter.com/BitcoinAudible)

Check out our awesome sponsors!

Get 9% off the COLDCARD with code BITCOINAUDIBLE ⁠⁠⁠⁠⁠⁠(Link: bitcoinaudible.com/coldcard⁠⁠⁠⁠⁠⁠)
Swan: The best way to buy, learn, and earn #Bitcoin (Link: https://swanbitcoin.com)

“The best way to find out if you can trust somebody is to trust them.”

~ Ernest Hemingway

--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

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, this is a conversation not to miss.

Guest Links

Sam Wouters on X (Link: https://twitter.com/SDWouters)
Sam Wouters on Blog River (Link: https://blog.river.com/author/sam/)
Sam Wouters Website (Link: https://samwouters.com/)

Host Links

Guy on Nostr (Link: https://tinyurl.com/yc376bff)
Guy on X (Link: https://twitter.com/theguyswann)
Bitcoin Audible on X (Link: https://twitter.com/BitcoinAudible)

Check out our awesome sponsors!

Get 9% off the COLDCARD with code BITCOINAUDIBLE ⁠⁠⁠⁠⁠⁠(Link: bitcoinaudible.com/coldcard⁠⁠⁠⁠⁠⁠)
Swan: The best way to buy, learn, and earn #Bitcoin (Link: https://swanbitcoin.com)

--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

The legacy financial system has arrived. One January 10th, numerous Bitcoin ETFs were approved. But is this even a good thing? What does this signal for the legitimacy of Bitcoin as an asset? What does it mean for the sovereignty of the network? This could both bring trillions of dollars in liquidity into Bitcoin and break through the Overton window of the average person. This may make bitcoin "real" for many who refused to pay attention before. But the big question... the real risk, is if we cannot scale sovereignty in Bitcoin to everyone in the world, what if we just end up with Gold 2.0? In a world of unbacked paper, and no way out?

It's time for a Guy's take episode. Are the ETFs the End of the Bitcoin Dream?

References

"Reminder that the agency that can't keep its twitter account safe wants all of your trading information" (Link:http://tinyurl.com/mr587bhd)

Host Links

Guy on Nostr (Link: https://tinyurl.com/yc376bff)
Guy on X (Link: https://twitter.com/theguyswann)
Bitcoin Audible on X (Link: https://twitter.com/BitcoinAudible)

Check out our awesome sponsors!

Get 9% off the COLDCARD with code BITCOINAUDIBLE ⁠⁠⁠⁠⁠⁠(Link: bitcoinaudible.com/coldcard⁠⁠⁠⁠⁠⁠)
Swan: The best way to buy, learn, and earn #Bitcoin (Link: https://swanbitcoin.com)

"No man is brave that has never walked a hundred miles. If you want to know the truth of who you are, walk until not a person knows your name. Travel is the great leveler, the great teacher, bitter as medicine, crueler than mirror-glass. A long stretch of road will teach you more about yourself than a hundred years of quiet."

~ Patrick Rothfuss

--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

" Channel liquidity and offline receives, in my opinion, are the two most obvious reasons why self-custodial lightning is not popular. When most users hear about any of these, they just think "screw that" and move to a custodial wallet because it is so much easier. If these were our only two problems, I think self-custodial lightning would be fine. It may never be the predominant way people use lightning, but we could get the UX good enough that we have a significant portion of people using lightning in a sovereign way. However, there are more problems under the surface."

~ BenTheCarmen

Is it time to reframe our image of where lightning's role lies in the Bitcoin stack? There have been problems in the implementation that make the self custodial road a far more difficult UX challenge. While much of it has been mitigated, a few intractable problems remain, and some may be an existential result of how LN enforces security on the main chain. Where will the users be in a world of a billion Bitcoin users? And can the promise of lightning ever be fulfilled?

Check out the original article at Rethinking Lightning. (Link: http://tinyurl.com/mvcmwubk)

References from the Show

Welcome to the Fedimint territory! (Link: https://stacker.news/items/380065)

Guest Links

Carman on X (Link: http://tinyurl.com/yc57hdnh)
Carman on Nostr (Link: http://tinyurl.com/3yz2kffw)
Carman Website (Link: https://benthecarman.com/)

Host Links

Guy on Nostr (Link: https://tinyurl.com/yc376bff)
Guy on X (Link: https://twitter.com/theguyswann)
Bitcoin Audible on X (Link: https://twitter.com/BitcoinAudible)

Check out our awesome sponsors!

Get 9% off the COLDCARD with code BITCOINAUDIBLE ⁠⁠⁠⁠⁠⁠(Link: bitcoinaudible.com/coldcard⁠⁠⁠⁠⁠⁠)
Swan: The best way to buy, learn, and earn #Bitcoin (Link: https://swanbitcoin.com)

"There are no solutions, there are only trade-offs."

~ Thomas Sowell

--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

"The computers used to create valuable new Bitcoin tokens and validate transactions consume around the same amount of energy as a medium-sized country such as Sweden would generate. Hence the stinging critique of how this cryptocurrency wastes the planet’s precious resources." — Ian Birrell

Is it true that Bitcoin only wastes energy and is the sole purview of financial gambling and speculation in the western world, or are there boots on the ground showing the real results of the "pioneer species" thesis we've recently covered? What if Bitcoin is bringing both financial independence, and electricity, those those with no other viable options? This incredible article is not to be missed.

Check out the original article at The African village mining Bitcoin - UnHerd (Link: https://unherd.com/2024/01/the-african-village-mining-bitcoin/)

References

Madness of Crowds (Link:https://a.co/d/dCme4WS)
Check your Financial Privilege (Link:https://a.co/d/bcPHV1Y)
Bitcoin is a Pioneer Species (Link:https://fountain.fm/episode/LYZMMtMFMnP0UaEmeCve)

Host Links

⁠Guy on Nostr ⁠(Link: https://tinyurl.com/yc376bff)
⁠Guy on X ⁠(Link: https://twitter.com/theguyswann)
⁠Bitcoin Audible on X⁠ (Link: https://twitter.com/BitcoinAudible)

Check out our awesome sponsors!

Get ⁠9% off the COLDCARD⁠ with code BITCOINAUDIBLE ⁠⁠⁠⁠⁠⁠(Link: bitcoinaudible.com/coldcard⁠⁠⁠⁠⁠⁠)
⁠Swan⁠: The best way to buy, learn, and earn #Bitcoin (Link: https://swanbitcoin.com)

“Technological change is not additive; it is ecological. A new technology does not merely add something; it changes everything.”

― Neil Postman

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"Bitcoin appears to be a decentralized Ponzi scheme not a decentralized currency. People don't spend it because they want it to go up. The dollar works because of inflation. It keeps velocity up like hot potato. If you want to store value silver gold and land. Because it's beautiful useful and valuable. Bitcoin is a Ponzi scheme without an individual attached to it to go to prison. So the media can control swings for profit. That's my opinion about bitcoin. The purpose isn't currency the purpose is to make dollars. The dollars "weakness" is actually why it won't be replaced. Velocity."

— Owen Benjamin

Today we read a great little article from Robert P Murphy that challenges the notion that a currency must be "weak," in order for it to work as money. And while in some sense bitcoin is not yet money when it comes to wide spread acceptance, is it possible, that it one day could be? Don't miss this one.

An open invitation to Robert Murphy to chat on Bitcoin Audible.

Check out the original article at:

Can an Appreciating Bitcoin Be a Good Money? (Link: https://www.infineo.ai/articles/can-an-appreciating-bitcoin-be-a-good-money)

Host Links

⁠Guy on Nostr ⁠(Link: https://tinyurl.com/yc376bff)
⁠Guy on X ⁠(Link: https://twitter.com/theguyswann)
⁠Bitcoin Audible on X⁠ (Link: https://twitter.com/BitcoinAudible)
Youtube Channel (Link:https://www.youtube.com/channel/UClG-wqz-OuXfzbpqwJd3fVA)

Recommended on the show:

Choice: Cooperation, Enterprise, and Human Action (Link: https://a.co/d/hoQMZwX)
Robert Murphy on X (Link: https://twitter.com/BobMurphyEcon)
Ai Unchained (Link: https://fountain.fm/show/3eGAB7Iye6IWme4KnF8C)

Check out our awesome sponsors!

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⁠Swan⁠: The best way to buy, learn, and earn #Bitcoin (Link: https://swanbitcoin.com)

“Production is quite possible without money. There is no need for money either in the isolated household or in the socialized community. Nowhere can we discover a good of the first order of which we could say that the use of money was a necessary condition of its production.”

― Ludwig von Mises

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"Since 2017, bitcoin has been Stone Ridge’s treasury reserve asset because of my extreme aversion to risk. We run net short USD – which is fancy way of saying we net borrow fiat - to pay bills and make investments. We save in bitcoin. It would be impossible to overstate the corporate advantages of being on the Bitcoin Standard. Since 2017, we’ve doubled our franchises to ten, more than 10x’d our trading profits, and delivered 25% annualized ROE for our shareholders. Our firm compensation, rent, and total expenses are up 89%, 119%, and 69%, respectively, in fiat, and down 36%, 26%, and 43%, respectively, in bitcoin."

~ Ross Stevens

Today we dive into the Stone Ridge Investor Letter for 2023, sharing wisdom on staying grounded and grateful, exploring long term investment perspectives, and dropping bombs regarding the foolishness of being on the fiat standard, and the incredible advantage of having a bitcoin treasury. This is a great read, not to be missed. A shout to Ross Stevens for the incredible work he is doing.

Check out the original article at Stone Ridge 2023 Investor Letter (Link: http://tinyurl.com/j4serp6v)

References

Atomic Habits: An Easy & Proven Way to Build Good Habits & Break Bad Ones (Audible Audio Edition): James Clear, James Clear, Penguin Audio: Audible Books & Originals (Link: https://a.co/d/9RjwN0r)
CryptoQuikRead_163 - A Cypherpunk's Manifesto [Eric Hughes] (Link: https://fountain.fm/episode/tOjGsxzRKlYyH7XOi79a)
Wolf Bitcoin Accelerator in NYC - Leadership (Link: https://wolfnyc.com/leadership)

Host Links

Guy on Nostr (Link: https://tinyurl.com/yc376bff)
Guy on X (Link: https://twitter.com/theguyswann)
Bitcoin Audible on X (Link: https://twitter.com/BitcoinAudible)

Check out our awesome sponsors!

Get 9% off the COLDCARD with code BITCOINAUDIBLE ⁠⁠⁠⁠⁠⁠(Link: bitcoinaudible.com/coldcard⁠⁠⁠⁠⁠⁠)
Swan: The best way to buy, learn, and earn #Bitcoin (Link: https://swanbitcoin.com)

“There are only two ways to live your life. One is as though nothing is a miracle. The other is as though everything is a miracle.”

~ Albert Einstein

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"This decision, which is legally sound, has the effect of declaring all private mortgages on real and personal property, and all U.S. and State bonds held by the Federal Reserve, National, and State banks to be null and void. This amounts to the emancipation of this Nation from personal, national, and state debt purportedly owed to this banking system. Every American owes it to himself to study this decision very carefully, for upon it hangs the question of freedom or slavery."

~ Jerome Daly

Is it an exaggeration to say the financial and banking system of today have re-enslaved the country? Or is there a serious argument to be made, that explains why all those who build and create all the value of the modern, somehow owe it all back to the bankers, to those who contributed nothing to its creation. How can that be? Find out in Daniel Prince's recent piece, "Usury, Your Bank, and You."

Check out the original article at Usury, Your Bank, And You. (Link: http://tinyurl.com/27nwdcyj)

Mentioned in the take

Broken Money: Why Our Financial System Is Failing Us and How We Can Make It Better by Lyn Alden (Link: https://a.co/d/dGnqS4G )

The Fiat Standard: Debt Slavery Alternative to Human Civilization by Saifedean Ammous (Link: https://a.co/d/dXa4HpF)

Layered Money: From Gold and Dollars to Bitcoin and Central Bank Digital Currencies by Nik Bhatia (Link: https://a.co/d/dlxqudX)

Guest Links

Daniel Prince on X (Link: https://twitter.com/PrinceySOV)
Daniel Prince Website (Link: http://tinyurl.com/4u9jbr2r)

Host Links

Guy on Nostr (Link: https://tinyurl.com/yc376bff)
Guy on X (Link: https://twitter.com/theguyswann)
Bitcoin Audible on X (Link: https://twitter.com/BitcoinAudible)

Check out our awesome sponsors!

Get 9% off the COLDCARD with code BITCOINAUDIBLE ⁠⁠⁠⁠⁠⁠(Link: bitcoinaudible.com/coldcard⁠⁠⁠⁠⁠⁠)
Swan: The best way to buy, learn, and earn #Bitcoin (Link: https://swanbitcoin.com)

"They muddy the water to make it seem deep"

~ Friedrich Neitzche

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Layered Money: From Gold and Dollars to Bitcoin and Central Bank Digital Currencies

“This makes Bitcoin miners uniquely symbiotic with energy grids serving as “demand response” partners. If energy is ever in short supply, people get priority over Bitcoin miners. However whenever there is excess energy, it gets monetized. This symbiotic relationship leads to more energy abundance generally.”

~ Brandon Quittem

Another great piece coming at you today from The Bitcoin Times Ed 4, and by returning author Brandon Quittem, who did the incredible Mycelium Series for understanding Bitcoin through the lens of an organic mycelium like organism. Today he tackles Bitcoin mining, and how the altered incentives of Bitcoin make it a pioneer species that will allow us to expand into energy deserts, and spread the scope of civilization in a way not immediately obvious. Don’t miss today’s excellent read, "Bitcoin is a Pioneer Species."

Check out the original article at Bitcoin is a Pioneer Species. (Link: http://tinyurl.com/y9nd764c)

Links for further exploration (drop some massive applause)

Why I changed my mind about nuclear power | Michael Shellenberger (Link: http://tinyurl.com/3mrsc22z)
Noahbjectivity on Bitcoin Mining | Nic Carter (Link: http://tinyurl.com/8y8vnpj7)
Bitcoin Mining & the Case for More Energy (Link: http://tinyurl.com/2fspy7bw)

Guest Links

Brandon Quittem on X (Link: http://tinyurl.com/5dk4sw9r)
Brandon Quittem on Nostr (Link: http://tinyurl.com/mpwwz5cn)
Brandon Quittem Website (Link: BrandonQuittem.com)

Host Links

Guy on Nostr (Link: https://tinyurl.com/yc376bff)
Guy on X (Link: https://twitter.com/theguyswann)
Bitcoin Audible on X (Link: https://twitter.com/BitcoinAudible)

Check out our awesome sponsors!

Get 9% off the COLDCARD with code BITCOINAUDIBLE ⁠⁠⁠⁠⁠⁠(Link: bitcoinaudible.com/coldcard⁠⁠⁠⁠⁠⁠)
Swan: The best way to buy, learn, and earn #Bitcoin (Link: https://swanbitcoin.com)

--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

"We’re less than a year from another halving, awaiting systemic implications from federal regulation and institutional adoption, standing at the precipice of an American primary election into which Bitcoin has irrevocably inserted itself.

Welcome to the big leagues."

~ Mark Goodwin and Alex Bergeron

We are headed into a new era for Bitcoin. The stakes are higher, and the challenges will be even greater. There will be inevitable shifts in how we use and how we think of Bitcoin as a system. And there is a monumental amount of work to be done to secure it's promise for the future to come. Complacency is not an option. Today we read an excellent piece from Bitcoin Magazine by Mark Goodwin and Alex Bergeron, The Difficult Adjustment.

Check out the original article at The difficult adjustment. (Link: http://tinyurl.com/4whtmtb6)

Don't forget to check out my other podcast, AI Unchained (Link: http://tinyurl.com/mryshwb5), as well as the content now available on the Youtube. Tons to explore for the future of money and the future of the digital world.

Host Links

Guy on Nostr (Link: https://tinyurl.com/yc376bff)
Guy on X (Link: https://twitter.com/theguyswann)
Bitcoin Audible on X (Link: https://twitter.com/BitcoinAudible)
Guy on Rumble (Link: http://tinyurl.com/2s3mnbyd)
AI Unchained Fountain (Link: https://fountain.fm/show/3eGAB7Iye6IWme4KnF8C)

Check out our awesome sponsors!

Get 9% off the COLDCARD with code BITCOINAUDIBLE ⁠⁠⁠⁠⁠⁠(Link: bitcoinaudible.com/coldcard⁠⁠⁠⁠⁠⁠)
Swan: The best way to buy, learn, and earn #Bitcoin (Link: https://swanbitcoin.com)

"Power concedes nothing without a demand. It never did and it never will."

~ Frederick Douglass

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"You’re a thirsty bitch. You like to gargle Peter’s balls."

~ DeaterBob

Merry Christmas! In this reboot episode, we revisit the infamous debate between Bitcoin plebs American HODL and DeaterBob. They're on the same mission of pushing Bitcoin adoption, but their principles and who they're willing to buddy up with couldn't be more opposite. This episode is a lighthearted journey into the hilarious underbelly of discussions in the Bitcoin community.

Check out the original article at AH & Deater. (Link: http://tinyurl.com/mswfx84r)

Original Episode

Read_620 - Reading of the Transcription of the Recording of the HODL vs DeaterBob "Debate" (Link: http://tinyurl.com/53zbnpps)

Guest Links

Stephen Chow on X (Link: http://tinyurl.com/mswfx84r)
Chow Art Fund (Link: http://tinyurl.com/yc5cbjcz)
Stephen Chow on Medium (Link: http://tinyurl.com/muae9492)

Host Links

Guy on Nostr (Link: https://tinyurl.com/yc376bff)
Guy on X (Link: https://twitter.com/theguyswann)
Bitcoin Audible on X (Link: https://twitter.com/BitcoinAudible)

Check out our awesome sponsors!

Get 9% off the COLDCARD with code BITCOINAUDIBLE ⁠⁠⁠⁠⁠⁠(Link: bitcoinaudible.com/coldcard⁠⁠⁠⁠⁠⁠)
Swan: The best way to buy, learn, and earn #Bitcoin (Link: https://swanbitcoin.com)

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"There is a Remnant there that you know nothing about. They are obscure, unorganized, inarticulate, each one rubbing along as best he can. They need to be encouraged and braced up because when everything has gone completely to the dogs, they are the ones who will come back and build up a new society; and meanwhile, your preaching will reassure them and keep them hanging on. Your job is to take care of the Remnant, so be off now and set about it."

~ Albert Jay Nock

In this reboot episode, we revisit the profound insights of the article "Isaiah's Job," exploring the timeless messages delivered by the prophet Isaiah over his fifty-year ministry to the southern kingdom of Judah. Against the backdrop of political turmoil and societal sins mirroring those of ancient times, Isaiah emerges as a unique figure, his words resonating with a powerful truth: if His chosen people won't be His, they will be no people at all.

Isaiah's teachings remain relevant, urging reflection on ethical conduct, justice, and the consequences of straying from unwavering principles. His call for obedience to God's laws resonates, emphasizing the enduring importance of spiritual values and moral accountability in modern society.

Check out the original article at Isaiah's Job. (Link: http://tinyurl.com/yt2dry6k)

Host Links

Guy on Nostr (Link: https://tinyurl.com/yc376bff)
Guy on X (Link: https://twitter.com/theguyswann)
Bitcoin Audible on X (Link: https://twitter.com/BitcoinAudible)

Check out our awesome sponsors!

Get 9% off the COLDCARD with code BITCOINAUDIBLE ⁠⁠⁠⁠⁠⁠(Link: bitcoinaudible.com/coldcard⁠⁠⁠⁠⁠⁠)
Swan: The best way to buy, learn, and earn #Bitcoin (Link: https://swanbitcoin.com)

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"You got to go from proto banking to full service banking and then to central banking and you know interconnected central bank. So now a lot of that is actually a technological story and I don't think it gets covered enough because most people covering it. Historians and economists aren't necessarily looking at the lens of technology and at most they'll give a caveat like oh the telegraph allowed this.
But it's like no, that's actually not like a footnote.That's a core thing that happened, that changed everything.
And so that's why I wanted to focus Broken Money on not just individual decisions but actually how technology dictates the changing money over time."

~ Lyn Alden

Today we have a riveting conversation with Lyn Alden, the acclaimed author of 'Broken Money,' as we delve into the inevitable march of technology and how it has shaped the world of money, ethics, and politics from the gold standard, through the fiat era, and on to Bitcoin. We explore the pitfalls of the fiat system and Bitcoin's transformative role in our monetary future. Lyn's unique blend of engineering and financial expertise offers a fresh perspective on how technology shapes our economic landscape, revealing insights into the future of money and investment.

Check out Lyn Alden's incredible book and blog Broken Money: Why Our Financial System Is Failing Us and How We Can Make It Better (Link: http://tinyurl.com/3fmtja7t) - Lyn Alden Investment Strategy (Link: lynalden.com)

Host Links

Guy on Nostr (Link: https://tinyurl.com/yc376bff)
Guy on X (Link: https://twitter.com/theguyswann)
Bitcoin Audible on X (Link: https://twitter.com/BitcoinAudible)

Check out our awesome sponsors!

Get 9% off the COLDCARD with code BITCOINAUDIBLE ⁠⁠⁠⁠⁠⁠(Link: bitcoinaudible.com/coldcard⁠⁠⁠⁠⁠⁠)
Swan: The best way to buy, learn, and earn #Bitcoin (Link: https://swanbitcoin.com)

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None

"Regulators will continue coming down on those custodians, making more demands for information, more demands on restrictions for what users can do with their money, they will not stop. So short of actually activating covenants on Bitcoin, what can we do?"

~ Shinobi

As we move into an era of bitcoin where the surveillance and control apparatus will seek to gain their stranglehold on the industry, but we still don't have a scaling solution for the whole world, how do we mitigate the time during transition? How can we protect ourselves and our family's as we make our way in the Bitcoin future? It's time for uncle Jim to step up.

Check out the original article at Everyone Needs An Uncle Jim. (Link: https://tinyurl.com/3p29ud5y)

References in the show

For Fun and Profit: A History of the Free and Open Source Software Revolution (History of Computing) by Christopher Tozzi. (Link: https://a.co/d/bVv7e7g)
Prodcast.io Bitcoin Audible - Guy's Take_074 - Banks Without Bankers. (Link: https://tinyurl.com/2s3tsj8h)

Guest Link

Bryan Trollz on X (Link: https://tinyurl.com/bdebes4n)

Host Links

Guy on Nostr (Link: https://tinyurl.com/yc376bff)
Guy on X (Link: https://twitter.com/theguyswann)
Bitcoin Audible on X (Link: https://twitter.com/BitcoinAudible)

Check out our awesome sponsors!

Get 9% off the COLDCARD with code BITCOINAUDIBLE ⁠⁠⁠⁠⁠⁠(Link: https://bitcoinaudible.com/coldcard⁠⁠⁠⁠⁠⁠)
Swan: The best way to buy, learn, and earn #Bitcoin (Link: https://swanbitcoin.com)

“Not everyone can see a tree within a seed.”

~ Nicky Verd

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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 of Bitcoin and its global, decentralized nature. Tune in for a thought-provoking "Dear Government" message and a compelling exploration of the technological advancements reshaping our financial future.

Host Links

Guy on Nostr (Link: https://tinyurl.com/yc376bff)
Guy on X (Link: https://twitter.com/theguyswann)
Bitcoin Audible on X (Link: https://twitter.com/BitcoinAudible)

Check out our awesome sponsors!

Get 9% off the COLDCARD with code BITCOINAUDIBLE ⁠⁠⁠⁠⁠⁠(Link: bitcoinaudible.com/coldcard⁠⁠⁠⁠⁠⁠)
@Swan: The best way to buy, learn, and earn #Bitcoin

--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

"I’ve done an overall analysis of the proposal by addressing seven different sections of where FinCEN is attempting to infringe on your rights. From violating the sanctity of your personal information and restricting your financial autonomy, to stifling your freedom of speech and association, I’ll unpack each area. This is about shining a light on the fine print, connecting the dots, and equipping you with the knowledge you need to stand up against these intrusive measures. It’s time to draw a line in the sand and protect the liberties that define us."

~ Preston Pysh

FinCEN has taken it upon themselves, by the permission of the PATRIOT ACT, to unilaterally enforce an onerous reporting and surveillance apparatus on all digital currency services and providers, in a vague and burdensome violation of the basic right to privacy and protection against warrantless search in their proposed FINCEN-2023-0016 Rule. Hear Preston Pysh do an incredible breakdown and response to each element to help you make sense of this overreach and how to stand in its way.

The Guy's Take in this episode begins at 2:03:50

Check out the original article at Analysis of FinCEN Policy FINCEN-2023-0016: Overreach and Impact on Individual Rights — #jointheeclipse

Post your comments on the register here

Federal Register :: Proposal of Special Measure Regarding Convertible Virtual Currency Mixing, as a Class of Transactions of Primary Money Laundering Concern (Link: http://tinyurl.com/3zmf8shs)

Guest Links

Preston Pysh on X (Link: https://twitter.com/PrestonPysh)
Preston Pysh on Primal (Link: https://tinyurl.com/XXX)

Host Links

Guy on Nostr (Link: http://tinyurl.com/yc376bff)
Guy on X (Link: https://twitter.com/theguyswann)
Bitcoin Audible on X (Link: https://twitter.com/BitcoinAudible)

Check out our awesome sponsors!

Get 9% off the COLDCARD with code BITCOINAUDIBLE ⁠⁠⁠⁠⁠⁠(Link: bitcoinaudible.com/coldcard⁠⁠⁠⁠⁠⁠)

"That if you wish to destroy a nation you must first corrupt its currency, thus must sound money be the first bastion of a society's defense."

~ Adam Fergusson

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"Nothing in the ordinal logic requires inscriptions to be linked to the “first” sat. So why is it the first sat of the first output? Why not the second sat of the first output? Why not the last, or one of the other hundreds, thousands, or millions of other satoshis which were also present in that same transaction? The answer is, well, because we are _pretending_ that it is so. In other words, we say a sat is inscribed _by fiat_."

~ Southern Hands

You may have heard many claims of the innovative and exciting things being built with ordinals, and how the popular new inscription NFTs are inspiring a flurry of activity and pushing fees higher on the Bitcoin chain. What exactly are ordinals that have made this possible? And how does one own a "scarce digital artifact" on the blockchain? Is there any truth to these claims, or is it all smoke and mirrors?

Check out the original article at Ordinals are Fiat. And Inscriptions aren’t Rare by Southern Hands | Medium (Link: https://tinyurl.com/4zvbauhf)

References and Links to check out:

Bitcoin Audible - Guy's Take #66 - Pooping in the Park (Link: https://tinyurl.com/38cnu3ft)
Read_592 by Moxie Marlinspike on NFTs and Web3 ⁠(Link: https://tinyurl.com/3578nwje)

Guest Link

Southern hands on X (Link: https://tinyurl.com/2eb7z43r)

Host Links

Guy on Nostr (Link: https://tinyurl.com/yc376bff)
Guy on X (Link: https://twitter.com/theguyswann)
Bitcoin Audible on X (Link: https://twitter.com/BitcoinAudible)

Check out our awesome sponsors!

Get 9% off the COLDCARD with code BITCOINAUDIBLE ⁠⁠⁠⁠⁠⁠(Link: bitcoinaudible.com/coldcard⁠⁠⁠⁠⁠⁠)

"It takes considerable knowledge just to realize the extent of your own ignorance."

~ Thomas Sowell

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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 expectation?

Why are ethics questions always framed in the context of a life or death emergency? Or framed from the context of who we should sacrifice our life for, painting the universe as persistent chaos and malevolence. How does this help us in our day to day lives? What does this framing imply for moral values for the other 99.9% of the time? Diving back into Ayn Rand's philosophical musings in "The Virtue of Selfishness," today we cover chapter 3, on "The Ethics of Emergencies."

Check out the original article at The Virtue Of Selfishness by Ayn Rand (Link: https://tinyurl.com/4cp4sc2m)

If you haven't listened to the first in this series

Bitcoin Audible - Read_724 - ⁠The Virtue of Selfishness - The Objectivist Ethic [Ayn Rand]⁠ (Link: https://tinyurl.com/2s47hy6h)

Ayn Rand Org Link

Ayn Rand on X (Link: https://shorturl.at/eoqS7)

Host Links

Guy on Nostr (Link: https://tinyurl.com/yc376bff)
Guy on X (Link: https://twitter.com/theguyswann)
Bitcoin Audible on X (Link: https://twitter.com/BitcoinAudible)

Check out our awesome sponsors!

Get 9% off the COLDCARD with code BITCOINAUDIBLE (Link: bitcoinaudible.com/coldcard)

"To get the full value of joy you must have someone to divide it with."

~ Mark Twain

--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

"Many people insist that governments aren't involved in censorship, but they are. And now, a whistleblower has come forward with an explosive new trove of documents, rivaling or exceeding the Twitter Files and Facebook Files in scale and importance."

~ Michael Shellenberger

From time we time we get a lucky glimpse into the mindset and tactics of the counterfeit class. Exposing their crimes and systems of manipulation. Today we uncover more, thanks to the help of an anonymous, brave whistleblower, we find a public-private partnership to systematically censor political opposition and deliberate manipulate the narrative and cover up the truth. When you control the flow of information, you control the limits of belief. They not only knew this, but used it as a pillar in a framework to defame, discredit, attack, propagandize, and use fake accounts to openly harass anyone who told "the wrong version" of the truth. A peak inside the Censorship Industrial Complex.

What does this have to do with Bitcoin? Bitcoin is a system that exists at multiple layers of society. The free flow of information is critical to securing the communication and social layers of the system. There is no solution to censorship in centralized platforms. I urge you to explore Nostr, Holepunch, and Bitcoin/Lightning if you haven't. This is a technology problem, and we have the solutions.

Check out the original thread at Bitcoin Audible - CTIL Files #1 (Link: https://tinyurl.com/2hutks8h)

For the other references made in the episode

Bitcoin Audible - Read_681 - The Twitter Files - Part 1 [Matt Taibbi] (Link: https://tinyurl.com/3d92ja6c)

Guest Links

Michael Shellenberger on X to catch the rest of the CTIL files as they are released (Link: https://twitter.com/shellenberger)

Host Links

Guy on Nostr (Link: https://tinyurl.com/yc376bff)
Bitcoin Audible on X (Link: https://twitter.com/BitcoinAudible)
⁠Bitcoin Audible on X⁠ (Link: https://twitter.com/BitcoinAudible)

Check out our awesome sponsors!

Get 9% off the COLDCARD with code BITCOINAUDIBLE ⁠⁠⁠⁠⁠⁠(Link: bitcoinaudible.com/coldcard⁠⁠⁠⁠⁠⁠)
Get 50,000 free sats, plus sats back on everything you buy by signing up with Fold and the Spin+ Debit Card. ⁠⁠⁠⁠⁠⁠(Link: bitcoinaudible.com/fold⁠)
Check out the KYC Free, simple, no management, Bitcoin merchant solution - ⁠⁠⁠⁠⁠Nodeless.io⁠⁠⁠⁠⁠⁠. Use my link to go to nodeless.io/guy⁠⁠⁠⁠⁠ and setup your donation page for free, then share it out on nostr/Twitter and tag me, and I'll throw 10,000 sats your way!

"Words can light fires in the minds of men. Words can wring tears from the hardest hearts."

~ Patrick Rothfuss

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"A reality check on the limitations of Lightning Network, and what that means in terms of its long term viability. No, it's not doomed, but it probably won't be used the way you expected it to be."

~ Shinobi

What has happened to lightning? With fees skyrocketing thanks to Ordinals bloating blockspace, tons of payments over lightning are no longer viable, or become entirely trusted. How did we not see this coming and what new issues have arisen as Lightning has matured? Does this spell the end of lightning, or is there more to this story? Find out in today's excellent piece at Bitcoin Magazine from Shinobi.

Check out the original article at Bitcoin Magazine Lightning is Doomed! (Link: https://tinyurl.com/4n54kkms)

Guest Links

⁠Shinobi on X⁠ (Link: https://twitter.com/Brian_trollz)

Don't forget to check us out on Fountain + other references from the commentary

Fountain (Link: https://tinyurl.com/229vwutt)
Guy's Take_073 - Lightning is Dead, Long Live Lightning! (Link: https://tinyurl.com/jfcun65k)
Clarkian's Podcast - https://ggnorecast.com/

Host Links

Guy on Nostr (Link: https://tinyurl.com/XXX)
Guy on X (Link: https://twitter.com/theguyswann)
Bitcoin Audible on X (Link: https://twitter.com/BitcoinAudible)

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"The fact that so many successful politicians are such shameless liars is not only a reflection on them, it is also a reflection on us. When the people want the impossible, only liars can satisfy."

~ Thomas Sowell

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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 when someone can cheat the ledger. When the money can be counterfeited at will. It pours a torrent of noise into the economic signal. The free market is essentially destroyed. Because the allocation of your decisions, of everyone's value judgements being signaled in the market, is overrun by trillions in counterfeit. With no skin in the game, with no thought, without understanding the value that went into it, or having to pay for the cost of their errors. It is a system of economic fraud and disinformation. But the problem isn't merely an economic one. The fiat system, has another, more sinister consequence. One that is tied to the very nature of the human spirit. It's time for a Guy's Take episode.

Link to other great works and episodes referenced in the show

Guy's Take - Bitcoin Audible - Guy's Take #36 - Walking Tall (Link: https://tinyurl.com/3bevnhpx)

Audible Audiobook - Broken Money by Lyn Alden (Link: https://tinyurl.com/2p874rjm)

Audible Audiobook -⁠ Atomic Habits: An Easy & Proven Way to Build Good Habits & Break Bad Ones by James Clear (Link: https://a.co/d/63IJQNz)

GG NO RE podcast - Fountain (Link: https://tinyurl.com/mrmjjpuj)

Host Links

Guy on Nostr (Link: https://tinyurl.com/yc376bff)
Guy on X (Link: https://twitter.com/theguyswann)
Bitcoin Audible on X (Link: https://twitter.com/BitcoinAudible)

Check out our awesome sponsor!

Get 9% off the COLDCARD with code BITCOINAUDIBLE ⁠⁠⁠⁠⁠⁠(Link: bitcoinaudible.com/coldcard⁠⁠⁠⁠⁠⁠)

“It's really a wonder that I haven't dropped all my ideals, because they seem so absurd and impossible to carry out. Yet I keep them, because in spite of everything, I still believe that people are really good at heart.”

~ Anne Frank

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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

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"Clients applying this reasoning should remember that, in bitcoin, no one is too big to fail. There is no government or money printer capable of restoring lost coins, so there are no bailouts. Trusting a single company, no matter their qualifications, to protect your bitcoin creates significant counterparty risk."

~ Dhruv Bansal

We come at you with another read today, this one on the maturation and new developments in the collaborative custody industry. Today we are used to thinking of Bitcoin security as either left with a custodian, or kept in personal cold storage, while I think the future will look back on this as the immature beginnings of one of the most vibrant markets in bitcoin finance. Most of the world will exist in the middle, with shared and distributed custody providers, eliminating single points of failure in markets across the globe... and it all begins, with a network of keys...

Check out the original article at Bitcoin needs a network of keys. (Link: https://tinyurl.com/yahv5k3r)

Guest Links

Dhruv Bansal on X (Link: https://twitter.com/dhruvbansal)

Host Links

Guy on X (Link: https://twitter.com/theguyswann)
Bitcoin Audible on X (Link: https://twitter.com/BitcoinAudible)

Check out our awesome sponsors!

Get 9% off the COLDCARD with code BITCOINAUDIBLE ⁠⁠⁠⁠⁠⁠(Link: bitcoinaudible.com/coldcard⁠⁠⁠⁠⁠⁠)
Get 50,000 free sats, plus sats back on everything you buy by signing up with Fold and the Spin+ Debit Card. ⁠⁠⁠⁠⁠⁠(Link: bitcoinaudible.com/fold⁠)
Check out the KYC Free, simple, no management, Bitcoin merchant solution - ⁠⁠⁠⁠⁠Nodeless.io⁠⁠⁠⁠⁠⁠. Use my link to go to nodeless.io/guy⁠⁠⁠⁠⁠ and setup your donation page for free, then share it out on nostr/Twitter and tag me, and I'll throw 10,000 sats your way!

“Physics is like sex: sure, it may give some practical results, but that’s not why we do it.”

~ Richard P. Feynman

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"A recent anonymous proposal specifies a system using timelocked Bitcoin transactions and chaumian ecash mints to create an economic incentive for BitTorrent users to seed files."

~ Shinobi

Bittorrent was one of the most important protocols in the world during its day, but it always had one striking drawback, for any content that wasn't very popular, availability was always a problem. Even more so today as the network has found itself a smaller and more fringe part of internet culture. What if there was a way to incentivize seeders to return? To bring the P2P protocol back into its element?

An anonymous proposal called Durabit, seeks to marry bitcoin, ecash, and bittorrent, to potentially breathe new life into the old P2P system. Listen to today's episode to learn more.

Check out the original article at DURABIT: INCENTIVIZING TORRENT SEEDING WITH BITCOIN (Link: https://tinyurl.com/5drhn83u)

Guest Links

Shinobi on X (Link: https://twitter.com/Brian_trollz)

References in the show

Simon Morris "Lessons of Bittorrent Series"Bitcoin Audible - CryptoQuikRead_219 - Why BitTorrent Mattered: Lesson 1 [Simon Morris] (Link: https://tinyurl.com/4rmwf2k8)
Bitcoin Audible - CryptoQuikRead_220 - Not Breaking Rules? You're Doing it Wrong: BitTorrent Lesson 2 [Simon Morris] (Link: https://tinyurl.com/f473b72n)
Bitcoin Audible - CryptoQuikRead_221 - Intent, Complexity, & Governance Paradox: BitTorrent Lesson 3 [Simon Morris] (Link: https://tinyurl.com/2fesdh4v)
Bitcoin Audible - CryptoQuikRead_222 - Decentralized Disruption, Who Dares Wins: BitTorrent Lesson 4 [Simon Morris] (Link: https://tinyurl.com/bdht8mz6)
The Audiobook for Broken Money is now available! Check it out belowBroken Money: Why Our Financial System is Failing Us and How We Can Make it Better by Lyn Alden (Link: https://a.co/d/a3dT5jr⁠)

Host Links

Guy on Nostr (Link: https://tinyurl.com/yc376bff)
Guy on X (Link: https://twitter.com/theguyswann)
Bitcoin Audible on X (Link: https://twitter.com/BitcoinAudible)

Check out our awesome sponsors!

Get 9% off the COLDCARD with code BITCOINAUDIBLE ⁠⁠⁠⁠⁠⁠(Link: bitcoinaudible.com/coldcard⁠⁠⁠⁠⁠⁠)
Get 50,000 free sats, plus sats back on everything you buy by signing up with Fold and the Spin+ Debit Card. ⁠⁠⁠⁠⁠⁠(Link: bitcoinaudible.com/fold⁠)
Check out the KYC Free, simple, no management, Bitcoin merchant solution - ⁠⁠⁠⁠⁠Nodeless.io⁠⁠⁠⁠⁠⁠. Use my link to go to nodeless.io/guy⁠⁠⁠⁠⁠ and setup your donation page for free, then share it out on nostr/Twitter and tag me, and I'll throw 10,000 sats your way!

"The universe, our physical universe, has that property that makes it possible for an individual or a group of individuals to reliably, automatically, even without knowing, encipher something, so that all the resources and all the political will of the strongest superpower on earth may not decipher it. And the paths of encipherment between people can mesh together to create regions free from the coercive force of the outer state. Free from mass interception. Free from state control."

~ Julian Assange

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"The difference between the Linden Dollar, World of Warcraft Gold, Fortnite V-Bucks, the Euro, and the U.S. dollar is in scale, not in nature. While V-Bucks are created and controlled by Epic Games (the company that created Fortnite), the U.S. dollar is created and controlled by the Fed. One impacts millions of people, the other billions. The mechanism that keeps these monies in check--the rules of the game, if you will - is the same in both cases: central decree."

~ DerGigi

For those who are new to the show, there are so many phenomenal pieces we have covered that deserve to be heard. One of those that gave the most approachable arguments for understanding the difference between the multitude of virtual monies we experience in the digital age, and Bitcoin, the first truly digital money, was absolutely, Gigi's incredible piece, "Bitcoin is Digital Scarcity."

If you haven't heard or read this one, stop what you are doing, and turn this on.

Check out the original article at Bitcoin Is Digital Scarcity | dergigi.com (Link: https://tinyurl.com/bdv8p5n4)

Guest Links

⁠Gigi on X⁠ (Link: https://twitter.com/dergigi?lang=en)
⁠Gigi on Nostr⁠ (Link: https://tinyurl.com/2jhz4y6t)⁠

Host Links

⁠Guy on Nostr ⁠(Link: https://tinyurl.com/yc376bff)
⁠Guy on X ⁠(Link: https://twitter.com/theguyswann)
⁠Bitcoin Audible on X⁠ (Link: https://twitter.com/BitcoinAudible)

Check out our awesome sponsors!

Get 9% off the COLDCARD with code BITCOINAUDIBLE ⁠⁠⁠⁠⁠⁠(Link: bitcoinaudible.com/coldcard⁠⁠⁠⁠⁠⁠)
Get 50,000 free sats, plus sats back on everything you buy by signing up with Fold and the Spin+ Debit Card. ⁠⁠⁠⁠⁠⁠(Link: bitcoinaudible.com/fold⁠)
Check out the KYC Free, simple, no management, Bitcoin merchant solution - ⁠⁠⁠⁠⁠Nodeless.io⁠⁠⁠⁠⁠⁠. Use my link to go to nodeless.io/guy⁠⁠⁠⁠⁠ and setup your donation page for free, then share it out on nostr/Twitter and tag me, and I'll throw 10,000 sats your way!

Have a Happy Thanksgiving everyone!

"I am grateful for what I am and have. My thanksgiving is perpetual. It is surprising how contented one can be with nothing definite - only a sense of existence." —

~ Henry David Thoreau

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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-audible)
Broken Money by Lyn Alden (Link: https://tinyurl.com/mvu8jm7c)
Praxeology by Knut Svanholm (Link: https://tinyurl.com/y37ph73d)

Check out our awesome sponsors!

Get 9% off the COLDCARD with code BITCOINAUDIBLE ⁠⁠⁠⁠⁠⁠(Link: bitcoinaudible.com/coldcard⁠⁠⁠⁠⁠⁠)
Get 50,000 free sats, plus sats back on everything you buy by signing up with Fold and the Spin+ Debit Card. ⁠⁠⁠⁠⁠⁠(Link: bitcoinaudible.com/fold⁠)
Check out the KYC Free, simple, no management, Bitcoin merchant solution - ⁠⁠⁠⁠⁠Nodeless.io⁠⁠⁠⁠⁠⁠. Use my link to go to nodeless.io/guy⁠⁠⁠⁠⁠ and setup your donation page for free, then share it out on nostr/Twitter and tag me, and I'll throw 10,000 sats your way!

"The only way of determining how a conscious actor values one thing above another, is by observing how they act."

~ Knut Svanholm

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"The recurring cycle of economic booms followed by inevitable busts has remained a puzzle for generations of observers. While mainstream Keynesian and monetarist theories propose monetary interventions to smooth these fluctuations, the Austrian School offers a compelling and alternative perspective"

~ Michael Matulef

The bust will not be escaped. We cannot print our way out of it, we cannot cover it up with more artificial interest rate controls. We have drunken ourselves into an economic and financial stuper for far too long, we have avoided the hangover with another massive bender decade after decade - so long that we've lost sight entirely of the purpose of investment, the culture of sustainable capital, and the very reason for frugality and sustainable savings. The crash will hurt, but its the solution, not the problem.

Find out why in today's excellent article by first time author on Bitcoin Audible, Michael Matulef: The Inevitable Bust: Why Economic Booms Contain the Seeds of Their Own Destruction | Mises Wire. (Link: https://tinyurl.com/3zsw982z)

Guest Links

Michael Matulef on X - Link: https://twitter.com/MichaelMatulef
Michael Matulef on Nostr - Link: https://tinyurl.com/3s88xfwe
Micheal Matulef on Mises Institute - Link: https://tinyurl.com/3wmyk8rd

Books Mentioned

Broken Money by Lyn Alden - Link: https://tinyurl.com/mvu8jm7c
Price of Tomorrow by Jeff Booth - Link: https://tinyurl.com/bde45j95

Host Links

Guy on Nostr - Link: https://tinyurl.com/yc376bff
Guy on X (Link: https://twitter.com/theguyswann)
Bitcoin Audible on X (Link: https://twitter.com/BitcoinAudible)

Check out our awesome sponsors!

Get 9% off the COLDCARD with code BITCOINAUDIBLE ⁠⁠⁠⁠⁠⁠(Link: bitcoinaudible.com/coldcard⁠⁠⁠⁠⁠⁠)
Get 50,000 free sats, plus sats back on everything you buy by signing up with Fold and the Spin+ Debit Card. ⁠⁠⁠⁠⁠⁠(Link: bitcoinaudible.com/fold⁠)
Check out the KYC Free, simple, no management, Bitcoin merchant solution - ⁠⁠⁠⁠⁠Nodeless.io⁠⁠⁠⁠⁠⁠. Use my link to go to nodeless.io/guy⁠⁠⁠⁠⁠ and setup your donation page for free, then share it out on nostr/Twitter and tag me, and I'll throw 10,000 sats your way!

"We are all humiliated by the sudden discovery of a fact which has existed very comfortably and perhaps been staring at us in private while we have been making up our world entirely without it.”

~ George Eliot

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None

The Price of Tomorrow: Why Deflation is the Key to an Abundant Future

"Ultimately, my goal with Coinos is to make Bitcoin a super simple user interface for "normies" to be able to come on and not have to understand how things are working under the hood... Just get on the website, make your account and you're good to go."

- Adam

Today we bring on the team from Coinos on the developing merchant market, how to build tools and services in an uncertain regulatory environment, and how to onboard your local market into the Bitcoin ecosystem easily and for their benefit. They've built a tool to simplify interfacing with Bitcoin and Lightning, and soon Liquid as well, to make the next era of adoption, the one that finally expands to a global, brick and mortar marketplace. The era of Bitcoin commerce is coming, it's time to prepare accordingly.

Check out our guests and follow the project on Twitter and Nostr below:

Coinos on Nostr

Adam on Nostr

Coinos Website

A huge thanks to our amazing sponsors:

9% off the Coldcard with code BITCOINAUDIBLE, ⁠⁠⁠⁠⁠⁠⁠bitcoinaudible.com/coldcard⁠⁠⁠⁠⁠⁠⁠
Check out the KYC Free, simple, no management, Bitcoin merchant solution, ⁠⁠⁠⁠⁠⁠⁠Nodeless.io/guy⁠⁠⁠⁠⁠⁠⁠. Use my link to go to ⁠⁠⁠bitcoinaudible.com/nodeless⁠⁠⁠ and setup your donation page for free, then share it out on Nostr or Twitter and tag me, and I'll throw 10,000 sats your way!
Get 50,000 free sats, plus sats back on everything you buy by signing up with Fold and the Spin+ Debit Card. ⁠⁠⁠⁠⁠⁠⁠bitcoinaudible.com/fold⁠⁠

--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

Is Bitcoin destined to become another fiat system? Where we end up in a world where the dominant instrument isn't Bitcoin at all, but just more IOUs? Where Bitcoin substitutes replace real Bitcoin? Does it not just become another fiat system, or are there fundamental incentives and technological trends that prevent this and push us ever closer to total sovereignty? With smaller and smaller communities and institutions able to organize and exit in an independent way... where a Bitcoin world means a free world?

It's time for a follow-up to Eric Yake's and Axiom BTC's amazing piece, "Banks without bankers."

Get ready for another "Guys Take" episode.

Keep an ear out for the 1000th episode of the show! I'll have details soon, you don't want to miss it.
Follow AxiomBTC and Eric Yakes on Twitter
Other great sources mentioned in this episode:

-The 7th Property

-Broken Money

-The Fiat Standard

-Freedom & Exit

Found this and all the other great recommendations that I regularly share on the show on the Bitcoin audible page at Prodcast.io

A huge thanks to our sponsors, and don't forget to check out the offers for the listeners of this show!

9% off the Coldcard with code BITCOINAUDIBLE, ⁠⁠⁠⁠⁠⁠⁠bitcoinaudible.com/coldcard⁠⁠⁠⁠⁠⁠⁠
Check out the KYC Free, simple, no management, Bitcoin merchant solution, ⁠⁠⁠⁠⁠⁠⁠Nodeless.io/guy⁠⁠⁠⁠⁠⁠⁠. Use my link to go to ⁠⁠⁠bitcoinaudible.com/nodeless⁠⁠⁠ and setup your donation page for free, then share it out on Nostr or Twitter and tag me, and I'll throw 10,000 sats your way!
Get 50,000 free sats, plus sats back on everything you buy by signing up with Fold and the Spin+ Debit Card. ⁠⁠⁠⁠⁠⁠⁠bitcoinaudible.com/fold⁠⁠

"Finish each day and be done with it. You have done what you could. Some blunders and absurdities no doubt crept in; forget them as soon as you can. Tomorrow is a new day. You shall begin it serenely and with too high a spirit to be encumbered with your old nonsense.” ― Ralph Waldo Emerson

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"Unique to the emergent Bitcoin financial system is the application of cryptography to fundamental financial functions. Novel technologies exist, are being built, and have been theorized that will enable previously unseen functionalities, robustness, and, ultimately, competition amongst Bitcoin financial intermediaries. Key to these novelties is the characteristic of peer-to-peer (“P2P”) exchange; that Bitcoin financial intermediaries will surely exist as commercial options, but that newly possible direct manipulation and exchange will exist as well."

-Eric Yakes

The future of Bitcoin remains uncertain in terms of scalability, privacy, storage, and payment applications. The application of cryptography to financial functions introduces novel technologies and potential competition among intermediaries. Can Bitcoin achieve true decentralization? Or will trusted third parties jeopardize the entire system? How will the balance between custodial and self-custodial options shape the future of Bitcoin? In Eric Yakes’ analysis, he explores the implications of the new financial paradigm we find ourselves in as Bitcoin continues to assert its dominance as an asset enabling true financial sovereignty.

Check out the original article at: ⁠Banks Without Bankers

A huge thanks to our sponsors, and don't forget to check out the offers for the listeners of this show!

9% off the Coldcard with code BITCOINAUDIBLE, ⁠⁠⁠⁠⁠⁠⁠bitcoinaudible.com/coldcard⁠⁠⁠⁠⁠⁠⁠
Check out the KYC Free, simple, no management, Bitcoin merchant solution, ⁠⁠⁠⁠⁠⁠⁠Nodeless.io/guy⁠⁠⁠⁠⁠⁠⁠. Use my link to go to ⁠⁠⁠bitcoinaudible.com/nodeless⁠⁠⁠ and setup your donation page for free, then share it out on Nostr or Twitter and tag me, and I'll throw 10,000 sats your way!
Get 50,000 free sats, plus sats back on everything you buy by signing up with Fold and the Spin+ Debit Card. ⁠⁠⁠⁠⁠⁠⁠bitcoinaudible.com/fold ⁠⁠

--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

LIGHTNING IS DEAD! Did you hear about the new exploit discovered that may be the "nail in the coffin" of the broken and defeated Lightning network? I bet you did, but did anyone you heard it from actually know how it worked?... Probably not. That's what we dive into today, trying to make sense of the new Lightning exploit, how it works, the risk, and whether or not the sky is falling. Find out in today's Guy's Take episode.

A shout out to Shinobi, Matt Corallo, John Carvalho, and numerous people on the mailing lists and other platforms who helped to throughly explain this bug so that I could make some sense out of it.

Major thanks to our amazing sponsors who keep this show alive:

9% off the Coldcard with code BITCOINAUDIBLE, ⁠⁠⁠⁠⁠⁠⁠bitcoinaudible.com/coldcard⁠⁠⁠⁠⁠⁠⁠
Check out the KYC Free, simple, no management, Bitcoin merchant solution, ⁠⁠⁠⁠⁠⁠⁠Nodeless.io/guy⁠⁠⁠⁠⁠⁠⁠. Use my link to go to ⁠⁠⁠bitcoinaudible.com/nodeless⁠⁠⁠ and setup your donation page for free, then share it out on Nostr or Twitter and tag me, and I'll throw 10,000 sats your way!
Get 50,000 free sats, plus sats back on everything you buy by signing up with Fold and the Spin+ Debit Card. ⁠⁠⁠⁠⁠⁠⁠bitcoinaudible.com/fold⁠⁠

Don't forget to check out Prodcast.io and keep an ear out for Lyn Alden's incredible book coming soon to Audible!

"It is better to be hated for what you are, than to be loved for what you are not." — Andre Gide

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"We have no interest in causing confusion, mistakes, or deception. That sounds more like a job for those responsible for telling the market they wouldn’t raise rates after a massive monetary expansion, and then went on to raise them faster than at any time in U.S. financial history." — Mark Goodwin

Today we have a very entertaining development thanks to the fools at the Federal Reserve Bank of Chicago. Bitcoin Magazine is being threatened with a lawsuit over t-shirts they are selling that mock the FEDNOW program that the Fed states "has built up substantial goodwill" and that these shirts and merchandise will cause "confusion, mistakes, and deception." No, this is not a parody, it appears to be real. So we pause our regularly scheduled programming today to explore this beautiful little moment in Clown World.

Check out the original article at: Bitcoin Magazine

A huge thanks to our sponsors, and don't forget to check out the offers for the listeners of this show!

9% off the Coldcard with code BITCOINAUDIBLE, ⁠⁠⁠⁠⁠⁠⁠bitcoinaudible.com/coldcard⁠⁠⁠⁠⁠⁠⁠
Check out the KYC Free, simple, no management, Bitcoin merchant solution, ⁠⁠⁠⁠⁠⁠⁠Nodeless.io/guy⁠⁠⁠⁠⁠⁠⁠. Use my link to go to ⁠⁠⁠bitcoinaudible.com/nodeless⁠⁠⁠ and setup your donation page for free, then share it out on Nostr or Twitter and tag me, and I'll throw 10,000 sats your way!
Get 50,000 free sats, plus sats back on everything you buy by signing up with Fold and the Spin+ Debit Card. ⁠⁠⁠⁠⁠⁠⁠bitcoinaudible.com/fold⁠⁠

"He knows nothing; and he thinks he knows everything. That points clearly to a political career." — George Bernard Shaw

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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 with Robin Linus and Super Testnet. A virtual machine built entirely in Bitcoin script, with no soft fork needed. This could change everything.

Links for further exploring:

⁠BitVM whitepaper⁠
⁠github.com/bitvm⁠
⁠GitHub - supertestnet/tapleaf-circuits: A proof-of-concept implementation of BitVM for bristol circuits⁠
⁠Telegram: Contact @bitvm\_chat⁠
⁠яobin linus 😺 (@robin\_linus) / X⁠
⁠Robin Linus⁠

Check out our awesome sponsors!

9% off the Coldcard with code BITCOINAUDIBLE, ⁠⁠⁠⁠⁠⁠⁠⁠bitcoinaudible.com/coldcard⁠⁠⁠⁠⁠⁠⁠⁠
Check out the KYC Free, simple, no management, Bitcoin merchant solution, ⁠⁠⁠⁠⁠⁠⁠⁠Nodeless.io/guy⁠⁠⁠⁠⁠⁠⁠⁠. Use my link to go to ⁠⁠⁠⁠bitcoinaudible.com/nodeless⁠⁠⁠⁠ and setup your donation page for free, then share it out on Nostr or Twitter and tag me, and I'll throw 10,000 sats your way!
Get 50,000 free sats, plus sats back on everything you buy by signing up with Fold and the Spin+ Debit Card. ⁠⁠⁠⁠⁠⁠⁠⁠bitcoinaudible.com/fold⁠⁠⁠

--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

"Will Bitcoin adoption improve the monetary policy behaviors of the Federal Reserve? I submit that it won’t. I do not see the incentive for the Federal Reserve to give into anyone or anything, let alone Bitcoin. Be honest, Bitcoin is surely not big enough to be a threat to the U.S. dollar. The United States is far more concerned with U.S. dollar dominance being threatened by, say, the Chinese yuan. Bitcoin on its own has not destabilized anything." — George Kaloudis

Will the Federal Reserve be "reigned in" thanks to Bitcoin? Will the continued success of Bitcoin's growth and network effect mean that the Federal Reserve capitulates? That they admit the failures of their approach and start appeasing the sound money tropes and calls for austerity? George Kaloudis makes an entertaining case in today's read, that the answer is in fact, "No."

Check out the original article at:

https://bitcoinmagazine.com/markets/bitcoin-wont-fix-the-federal-reserve

If you want to support the show and an awesome new service, check out Prodcast.io to purchase any books (and other products in the future) that i have recommended on the podcast:

Bitcoin Audible – Prodcast

Check out our amazing sponsors who make this show possible:

9% off the Coldcard with code BITCOINAUDIBLE, ⁠⁠⁠⁠⁠⁠⁠⁠bitcoinaudible.com/coldcard⁠⁠⁠⁠⁠⁠⁠⁠
Check out the KYC Free, simple, no management, Bitcoin merchant solution, ⁠⁠⁠⁠⁠⁠⁠⁠Nodeless.io/guy⁠⁠⁠⁠⁠⁠⁠⁠. Use my link to go to ⁠⁠⁠⁠bitcoinaudible.com/nodeless⁠⁠⁠⁠ and setup your donation page for free, then share it out on Nostr or Twitter and tag me, and I'll throw 10,000 sats your way!
Get 50,000 free sats, plus sats back on everything you buy by signing up with Fold and the Spin+ Debit Card. ⁠⁠⁠⁠⁠⁠⁠⁠bitcoinaudible.com/fold

“You only live once, but if you do it right, once is enough.” ― Mae West

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"Timeout Trees is a very concrete and specific proposal for a channel factory design that actually attempts to address the real issues of use and implementation instead of a half-defined and vague concept. That is massive progress in terms of addressing Lightning's long-term scaling limitations." — Shinobi

Today we dive into a cool proposal that takes advantage of covenants to build the first, practical implementation of a "lightning factory," or in other words, a way to create hundreds, even thousands of lightning channels taht exist entirely off chain and require only the most minimal footprint in the cases where things go wrong. Another great piece by Shinobi breaking down the technical developments that matter.

Check out the original article at: Bitcoin Magazine

If you want to support the show and an awesome new service, check out Prodcast.io to purchase any books (and other products in the future) that i have recommended on the podcast: Bitcoin Audible – Prodcast

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“To believe in something, and not to live it, is dishonest.” ― Mahatma Gandhi

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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

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"The most beautiful thing we can experience is the mysterious. It is the source of all true art and all science. He to whom this emotion is a stranger, who can no longer pause to wonder and stand rapt in awe, is as good as dead: his eyes are closed." — Albert Einstein

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"After four years of work, James O'Beirne's assumeutxo option to allow instant UTXO set bootstrapping for your Bitcoin node is merged into Bitcoin Core." — Shinobi

There has always been a gap between the sovereignty, privacy, and security of software, and the usability of it. But thanks to an enormous amount of work and brilliant developers, day by day that gap is getting smaller. Where the most secure tools, the most robust node setups, the non-custodial options, are getting easier, faster, and more responsive. Today we have an article by Shinobi on another seemingly small, but potentially very impactful development on bootstrapping a new node, with assumeutxo finally merged, into Bitcoin Core. If you want to know what that means, then don't miss this episode.

Check out the original article at: Bitcoin Magazine

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“Be yourself; everyone else is already taken.” ― Oscar Wilde

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"There used to be tradeoffs between Lightning and fiat: UX vs. sovereignty; UX vs. speed; UX vs. cost; off-the-shelf fiat payment widgets vs. coding a node into an app. With the Breez SDK, Lightning beats fiat across the board. It’s faster to implement (as Ross says, “It’s like one or two API calls to set up a node, one to send a payment and one to receive payment”), cheaper to use, legally less complicated (check your jurisdiction), more private, and the UX is on par with fiat for the user and even better for the developers." — Roy Sheinfeld

If you are curious what the future of lightning is going to look like, or exactly how huge the runway is for adoption and onboarding in the next bull run, then this short article detailing out a simple example will show you just how powerful the Breez SDK + Blockstream Greenlight combo really is. Non-custodial, always online, instant node setup, and zero channel or liquidity management. This is the culmination of everything built in lightning to date, and its going to be a game changer!

Check out the original article at:

Satimoto Is Beating Fiat with the Breez SDK | Breez Technology - https://medium.com/breez-technology/building-on-lightning-how-satimoto-is-beating-fiat-with-the-breez-sdk-88aa8252a994

Check out some of Roy's other great articles covered on the podcast:

Read_701 - Lightning for Everyone in Every App

Read_574 - Lightning & The Internet - Choosing the Right Path

Read_732 - We Need More Apps With Lightning, Not More Lightning Apps

Read_450 - Getting Lightning Ready for Global Takeover

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"It takes considerable knowledge just to realize the extent of your own ignorance." — Thomas Sowell

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"It requires no consensus changes to Bitcoin at all. The trick is lifting all of that logic off-chain and being able to challenge a few steps of the computation on-chain if the other party asserts a dishonest outcome. In short, BitVM will bring arbitrary Turing-complete computation, in an enforceable way, to bitcoin itself – today."

What if you could enforce the ownership of Bitcoin, with literally any code you could think of writing? That may just be possible, today, without any changes or soft forks to the underlying network, through a system of abstraction that cleverly, and verifiably, allows execution of completely arbitrary code within the Bitcoin script, which will determine the ultimate owner of any bitcoin balance. This, could be massive. A great piece from Shinobi explains, how and why it works...

Check out the original article at: Bitcoin Magazine

Links:

Spiderchains: A proof of stake second layer for Bitcoin

Read_734 - Introducing Ark [Burak]

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“Nobody ever figures out what life is all about, and it doesn’t matter. Explore the world. Nearly everything is really interesting if you go into it deeply enough.”

– Richard P. Feynman

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I hope you listened to the recent read by Beautyon, Bitcoin and Software Reliability, because today we continue our FUD Relief series. I suspect you have heard the claim that "Bitcoin doesn't innovate" and that newer and shinier blockchains are destined to replace it. I explore this idea today and suggest that the very framing of the claim suggests they have misunderstood Bitcoin's highest value. I break it down in today's Guy's Take episode.

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“The system of private property is the most important guarantee of freedom, not only for those who own property, but scarcely less for those who do not.” — F. A. Hayek

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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 forget to check out the offers for the listeners of this show!

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"With Bitcoin, lives and money are at stake. Interruption of its service can cause a cascade of losses and unintended consequences for potentially millions of people and billions of fiat dollars. If it is possible to build a Bitcoin that cannot fail, that should be the goal, and no compromise should be acceptable." — Beautyon

Before we get into a Guy'a Take to continue our FUD Relief series - addressing the failures to understand the value and purpose of Bitcoin - it's time to bring a brilliant piece back from the archive, update the audio and give some fresh commentary to set the stage for tackling another common misconception of "progress" when it comes to the bitcoin perspective. If there was a top tier of articles that are must-listens to grasp bitcoin, this would be in it. Let's dive in.

Check out the original article at: Bitcoin and Software Reliability by Beautyon | Medium

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"The only real voyage of discovery consists not in seeking new landscapes, but in having new eyes." — Marcel Proust

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"Our existing financial system is a mirage of wealth and liquidity, sustained by an ever-expanding money supply. Bitcoin emerges as the ultimate shield against the inevitable reckoning that will shatter this illusion."

— Theo Mogenet

Today, we dive into another great piece from Axiom BTC on the mission to reprice the world in sats. We all understand the incredible benefit of Bitcoin as a long term store of value, and that's its monetary properties give it unique capacity for long term savings. However, too often we hear it is a disaster for short term cash balances. What if this wasn't true? What if there was a possible path to Bitcoin, actually being the best short term cash equivalent on a global scale, even despite it's volatility? If that intrigues you, don't miss this piece.

Check out the original article at:

Orange Is The New Green — Axiom

Links:

Read_750 - Capital in the 21st Century [Allen Farrington]

Chat_80 - Building the Ark with Burak

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In this episode, I talked with Zack ₿omsta, the visionary leader behind Pivotal Pleb. Pivotal Pleb is on a mission to level the playing field for decentralized miners.

Zack shares insights into how their technology is driving decentralisation and empowering individual miners, allowing them to play a vital role in the Bitcoin network. Join us as we unravel the importance of accessible mining solutions and their impact on the future of Bitcoin.

A huge thanks to our sponsors, and don't forget to check out the offers for the listeners of this show!

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"Today historians focus on the symptoms of Rome’s fall, the consequences: The moral decay, the economic decline, the fall in public safety, the multiplying plagues from dysfunctional public services, the hollowed-out military that ultimately invited barbarian invasions. But we know these well - in fact we're living through many of them. What's a lot more interesting is the why. Because that's how you stop it." — Peter St. Onge

Are we living through the Fall of Rome? There are so many parallels with the United States empire today and the Roman Empire of so long ago that its hard to ignore. It's difficult to not think we will see the same fate when we experience so many of the same symptoms, with all of the same underlying causes. But do we have a way out? Is there an alternative? Peter breaks it down for us in another great piece, don't miss it.

Check out the original article and Peter's amazing newsletter at: Are we Living the Fall of Rome? - Peter St Onge, Ph.D.

Check out the other great episodes and resources discussed in the commentary:

Chat\_81 - An Austrian View of US Collapse with Peter St. Onge - Bitcoin Audible | Podcast on Spotify

Read\_602 - Bitcoin's Peaceful Revolution, A New Hope for Humanity [Peter St Onge - Bitcoin Audible | Podcast on Spotify

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"If the merchant wants the bitcoin and you pay in fiat_, that is you shifting the burden of fiat friction on to them. And paying your valued vendors in bitcoin is the opposite of mutually assured destruction–it's mutually assured survival." — Parker Lewis

Ultimately, the decision to accept Bitcoin as payment will be driven by the fact that those merchants understand the value of Bitcoin and why it is expected to store value into the future. What does that mean for how we think about finding our way to a Bitcoin future? Parker Lewis is back with another great piece, on the "Pay Me In Bitcoin Theory."

Check out the original article at: Pay Me in Bitcoin Theory

The playlist to the entire Gradually, Then Suddenly series in audio: Gradually, Then Suddenly Series - playlist by Guy | Spotify

Another great piece suggested in the commentary: Read\_724 - The Virtue of Selfishness - The Objectivist Ethic [Ayn Rand] - Bitcoin Audible | Podcast on Spotify.

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Get 50,000 free sats, plus sats back on everything you buy by signing up with Fold and the Spin+ Debit Card. ⁠⁠⁠⁠⁠⁠bitcoinaudible.com/fold⁠

---------------------------------------------------------------------------------------------

"If you want to change the world, start with yourself." — Mahatma Ghandi

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"Take the idea of proof-of-stake as a base layer consensus mechanism, and throw the idea away for right now. That's not what this is, and the problems that need to be solved to enable proof-of-stake as a second layer system instead of a stand alone base layer are not the same. #Proof-of-stake is essentially a #federation, but where anyone can join and can't be stopped from doing so, and with a mechanism to punish members for acting malicious. As a base layer that creates all kinds of existential issues, like the objectivity of a slashing penalty. Proof-of-stake as a second layer does not have that problem when the bonds for slashing are on the main chain, governed by proof-of-work."

We have a new addition to the sidechain discussion with the announcement of "Spiderchains," a novel approach to the peg in/out model. Enalbing a proof of stake system that uses the underlying Bitcoin chain as the ultimate source of time and finality. The interesting thing? Not a single change to Bitcoin is necessary to make it work, so one way or the other, it's going to happen. Find out more...

Check out the original article at: Spiderchains, a Proof of Stake L2

Lopp's Spiderchain Article: An Introduction to Spiderchain

Bitcoin Audible: Read 562 - Only the Strong Survive - Part 1 [Allen Farrington & Big Al]

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Get 50,000 free sats, plus sats back on everything you buy by signing up with Fold and the Spin+ Debit Card. ⁠⁠⁠⁠⁠bitcoinaudible.com/fold

---------------------------------------------------------------------------------------

"If the doors of perception were cleansed, everything would appear to man as it is - infinite." — William Blake

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"This has been one of the most effective psychological operations that has ever been conducted on the public in human history. The high priests of central banking started running with this narrative and people have come to believe that it is a law of physics. Economies cannot operate efficiently unless there is a steady flow of new monetary units being created and introduced to the economy. If new monetary units aren't being created people will hoard their money and grind the economy to a halt." — Marty Bent

Today we take another angle of attack against the absurd notion that savers are the ones grifting from society, while the counterfeiters are doing a noble service to save us from the evil, ordinary citizens who have earned money and hope to keep it.

Check out the original article and sub to Marty's Bent at: Higher Savings Rates Are Good for the Economy

Mentioned in the take, you can find the new video Guy's Take series on Youtube or Rumbleand by following me on Nostr and Twitter.

A huge thanks to our sponsors, and don't forget to check out the offers for the listeners of this show!

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"I favor the policy of economy, not because I wish to save money, but because I wish to save people. The men and women of this country who toil are the ones who bear the cost of the Government. Every dollar that we carelessly waste means that their life will be so much the more meager. Every dollar that we save means that their life will be so much the more abundant. Economy is idealism in its most practical form." — Calvin Coolidge

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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 integration for Bitcoin and Lightning into everything online with ⁠https://nodeless.io/guy⁠ • 100k FREE sats by simply signing up with my link below: ⁠https://bitcoinaudible.com/Fold⁠ • And you can get 9% your bitcoin hardware wallet to keep your BTC savings secure with code BITCOINAUDIBLE if you go to: ⁠https://bitcoinaudible.com/coldcard⁠

"There are no solutions. There are only trade offs." — Thomas Sowell

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"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 could that be in protecting you from false data streams, or for building applications and decentralized marketplaces that could hedge and settle capital in BTC, according to its USD value? If you've been excited about potential solutions to the decentralized market problem, UTXOracle is not one to dismiss.

Check out the original article at: The UTXOracle Model

Links: utxo.live - suredbits

A huge thanks to our sponsors, and don't forget to check out the offers for the listeners of this show!

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“No great discovery was ever made without a bold guess.” ― Isaac Newton

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A deflationary money is going to destroy the economy! If the value of money keeps going up, then no one will ever spend it! If no one spends it, then the economy will fall into a depression and it will never escape... at least, this is what we are told.

How is it that a sound money system with no special privilege and with no printing machine has been equated with the collapse of the economy? How is it that stuff getting more affordable, has been equated with nobody ever buying anything? How have we been led to believe, that someone else's monopoly privilege to print OUR money, is the SOURCE of our wealth and prosperity?

What if, and hear me out, deflationary money is a boon to the economy, is a huge boost to economic activity, and that a sound money doesn't even go up in value, unless real growth is actually occurring? And what if we could frame this in such a way that it is completely self-evident and sitting right in front of us all the time?

It's time for a Guy's Take episode, the second in the FUD relief series, "But Deflation is Bad…”

Links mentioned in the show:

WTF happened in 1971

Why your dollar ain't shit

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“I would rather be exposed to the inconveniences attending too much liberty than to those attending too small a degree of it.” ― Thomas Jefferson

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"Everything about the concept of a social network and the incredible potential and beauty of #nostr as a protocol is in controlling your experience, what content you see, and how you see it. This is literally the entire point of having follows, followers, and reposts in the first place. It's at the core of the very notion of what social media is."

— Guy Swann

Should we be running from the dreaded "algorithms" of social media giants, or should we be thinking about them differently? A short article exploring a big opportunity in decentralized social protocols. Subscribe so you don't miss the FUD Series Guy's Take coming up soon.

Check out the original article at: Habla

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'“Be yourself; everyone else is already taken.”

― Oscar Wilde

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"When discussing consensus mechanisms for different cryptocurrencies, one issue that often causes arguments is a lack of understanding (and definition) of the security model that they provide for the historical data in the ledger." — Jameson Lopp

Today we have another blast from the past with a deep dive into Bitcoin's security model from Jameson Lopp. The most fascinating thing about this piece is that if understood properly, it gives understanding into why many of the following years in Bitcoin played out the way they did. If you want to truly understand Bitcoin, this needs to be part of your reading list.

Check out the original article at: ⁠Bitcoin’s Security Model: A Deep Dive

Links:

Anatomy of Proof of Work [Part 1 - Hugo Nguyen]

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“I don’t know anything, but I do know that everything is interesting if you go into it deeply enough.” – Richard Feynman

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"I believe it’s important to go back to what this sovereignty is made of. Bitcoin works because an economic majority is aligning incentives for every constituent of the network. The longer tail of the economic distribution may choose to run a node and validate consensus but ultimately consensus follows the money."

— ⁠ Alex B.

Today we close out the lengthy back and forth over the evolutionary path of Bitcoin to a billion + users. Alex B brings us a great followup with a less technical and more abstract understanding of the security model of Bitcoin itself and collaborative custody, through the lens of the economic majority enforcing the honesty of all players. Don't miss another great read.

Check out the original article at :⁠A sound Bitcoin financial system. A sound Bitcoin financial system | by Alex B. | Aug, 2023 | Medium

Links to the other articles in this series and those mentioned in the Guy's Take:

Read_760 - Drivechain's Place in Bitcoin's Future - Bitcoin Audible | Podcast on Spotify

Read_758 - Scaling and Consensus Changes [James O'Beirne⁠] - Bitcoin Audible | Podcast on Spotify]

Read_757 - Putting the B in BTC [Anthony Towns] - Bitcoin Audible | Podcast on Spotify

Read_755 - Drivechains - Bitcoin Audible | Podcast on Spotify

Chat_80 - Building the Ark with Burak - Bitcoin Audible | Podcast on Spotify

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“Man cannot discover new oceans unless he has the courage to lose sight of the shore.”

― Andre Gide

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"To not die, Bitcoin must become more used. The current thesis accepted by most “maximalists” is that Bitcoin will continue to be thought of as an investment and its price will keep increasing, the price movements will bring more attention to it in a virtuous cycle. Eventually enough people will want to hold it so they will start accepting it as a payment for goods and services and then it can start to be used as money."

Today we dive into Fiatjaf's contribution to the sidechains, drivechains and scaling bitcoin to billions series as a follow up to James Obeirne's piece. Bitcoin can still fail, but what would make bitcoin fail and how can we avoid it? Is there a solution we've been sitting on untapped? Could drivechains prevent the undesirable future where the whole world simply ends up trusting custodians? Let's explore in today's episode.

Check out the original article at: ⁠

The place of Drivechain in Bitcoin’s future – Fiatjaf

If you haven't been following this article series, then don't forget to check out last few reads for context at the links below:

James OB - Anthony towns - Blockstream - Drivechains

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"One of the sad signs of our times is that we have demonized those who produce, subsidized those who refuse to produce, and canonized those who complain." — Thomas Sowell

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"Often overlooked is the importance of interoperability between not only the second-layer protocol and Bitcoin but the layer-2 protocols themselves. A second layer, where end-users can leverage several protocols together and move seamlessly between them, creates a healthier, more resilient financial system and an overall better user experience—both essential for mass adoption."— ⁠Chase Smith

Today we shift back to the current layer 2 protocols to take note of the tools and ideas around making the entire ecosystem interoperable. How do we make Fedimint, Liquid, Lightning, and Bitcoin on chain all work seamlessly to give the user the greatest benefits of each without needing the complications

Check out the original article at : Blockstream - ⁠Increasing Interoperability Between Bitcoin’s Second-Layer Protocols

Follow Guy and Chase on Nostr.

Find out about the Breez SDK and Making Every App a Lightning App in preparation of our chat with Roy:

Read_732 - We Need More Apps With Lightning, Not More Lightning Apps [Roy Sheinfeld] - Bitcoin Audible | Podcast on Spotify

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“The worthwhile problems are the ones you can really solve or help solve, the ones you can really contribute something to. No problem is too small or too trivial if we can really do something about it.” – Richard Feynman

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"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 of its sovereignty, inflation resistance, and security, we dive into James O'Beirne's follow up to Anthony town's article in read 757. If we are all stuck in sidechains and semi-custodial systems, then did we actually fix anything, or was the whole idea a failure from the start?

Check out the original article at : Thoughts on scaling and consensus changes (2023) - Protocol Design - Delving Bitcoin

If you missed the previous episode, it lays important context for today's read: Read 757

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"The chief evil is unlimited government…nobody is qualified to wield unlimited power.” — F.A. Hayek

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"The headroom there isn’t unlimited — expect it to show up as fee pressure and backlogs and less ability to quickly resolve transaction storms. And that will in turn make it hard and expensive for people with small stacks to continue to do self-custody on the main chain. At that point, acquiring new high value users means pricing out existing low value users." — Anthony Towns

It's officially Sidechain Week! Because today Anthony Towns takes us through an thought experiment that sets our current best understanding of the scaling problem and the best technological path we have to solve it, as a foundation to see what a Bitcoin future with billions of users really looks like, and what we should expect in the transition to that future. A great piece that will be very useful for our continued discussion of the tools we have to conquer this problem.

Check out the original article at : Putting the B in BTC

Links:

Anthony Towns Twitter
Guy's Take #55 - On the Economics of CTV Batching, & Where I was Wrong - Bitcoin Audible | Podcast on Spotify
Want to get a head start on a coming read? Thoughts on scaling and consensus changes (2023) - Protocol Design - Delving Bitcoin
Towns' piece on what the key values of Bitcoin are: Inamerrata » Blog Archive » Zeitgeist.

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"Don’t underestimate the power of vision and direction. These are irresistible forces, able to transform what might appear to be unconquerable obstacles into traversable pathways and expanding opportunities. Strengthen the individual. Start with yourself. Take care with yourself. Define who you are. Refine your personality. Choose your destination and articulate your Being. As the great nineteenth-century German philosopher Friedrich Nietzsche so brilliantly noted, “He whose life has a why can bear almost any how."

— Jordan B. Peterson

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"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."

— Jameson Lopp

Today we dive into another great piece from Jameson Lopp that takes us back to 2016 on understanding the value of Bitcoin's creation of its own sense of time, how it accomplishes it, and why its the most secure blockchain.

Check out the original article at : Bitcoin: The Trust Anchor in a Sea of Blockchains

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"We can only see a short distance ahead, but we can see plenty there that needs to be done." — Alan Turing

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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 adoption.

We have quite the uphill battle, but we can address the most common mental blocks by reframing the way to look at it. Today we begin our "FUD Busting" Guy's Take series #69 - "But It's Just Digital Points..."

-Subscribe to the Youtube channel and my other work on Ai Unchained at the link below:

Guy Swann - YouTube

Don't forget to follow me on Nostr, and please provide any comments or feedback for the show. It's highly appreciated!

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"A man will be imprisoned in a room with a door that's unlocked and opens inwards; as long as it does not occur to him to pull rather than push." — Ludwig Wittgenstein

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"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 assurance means of moving Bitcoin into, and out of a side-chain, is essentially the holy grail of Bitcoin scaling. It would change the game and potentially be the last piece of the puzzle for a global, interoperable Bitcoin ecosystem where the entire world could truly and completely "hold their own keys." Are Drivechains the best solution, or is it lacking? The always thorough, Bitmex Research covers a great piece on the ins and outs of Paul Sztorc's Drivechain proposal which he has unrelentingly supported for nearly a decade now. Find out in today's show!

Check out the original article from Bitmex research: ⁠Drivechains

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"Visions are worth fighting for. Why spend your life making someone else's dreams?" — Tim Burton

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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 for note taking & sharing - https://highlighter.com/ • Obsidian for organizing them - https://obsidian.md/ • IFTTT for nostr publishing - https://ananostr.com/ • Links to his numerous other projects here - https://pablof7z.com/

Follow Pablo on Nostr - gotnostr.com/pablo Follow Guy on Nostr - npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev

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"If you hire people just because they can do a job, they’ll work for your money. But if you hire people who believe what you believe, they’ll work for you with blood and sweat and tears." — Simon Sinek

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"Talk to a bitcoin maximalist – someone who believes that bitcoin is the only digital asset with innate value – and, more likely than not, they’ll tell you the world’s oldest cryptocurrency is, in fact, ‘not crypto’ at all.

The refrain can be confusing: clearly, bitcoin pioneered the use of cryptography – an ultra-secure type of encryption – with the aim of creating a digital currency. Bitcoin is the archetypal crypto.

And yet, in the context of how the digital asset marketplace has evolved since 2009, when bitcoin was created, it’s easy to see why maximalists distance themselves from the more generic term" — Martin Leo Rivers

Today we cover some interesting developments from the regulatory landscape. The SEC has officially made statements suggesting that everything in crypto except Bitcoin, is in fact, a security. What does that mean for the space in general, and why is this refrain so common among bitcoiners? Find out in today's read and Guy's take.

Check out the original article: Bitcoin Is Not Crypto, The SEC Confirms

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"Life without liberty is like a body without spirit." — Kahlil Gibran

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"Bitcoin is often referred to as a secure timestamping service. We never had a global record of truth with trustworthy timestamps, so how did this come about? It’s generally due to Proof of Work being combined to a few simple rules by which miners must abide." — Jameson Lopp

Can Bitcoin's sense of time be broken? The security and probabilistic assurances of Bitcoin seem simple on their face, but when you dive a little deeper, there is so often tons of nuance and quiet brilliance to unpack around even a seemingly simple element, like recording what time the block was produced. Jameson Lopp brings us another excellent deep dive into the nature of Bitcoin as a secure timestamp server. What it means, how reliable it truly is, and what it looks like when it breaks.

Check out the original article: Bitcoin Timestamp Security

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“When you want to know how things really work, study them when they're coming apart.” ― William Gibson

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"Bitcoin represents the explicit encoding of previously implicit values of the tech community. It's not just software — it is a Schelling point and a symbol. As such, it will become widely recognized as the flag of technology over the course of the 2020s." — ⁠Balaji S. Srinivasan

Today we cover another read from Anil's Bitcoin Essentials list, this time from Balaji Srinivasan. Balaji has a way with words and always brings a unique, high level mental frame to how the world is unfolding. He seems to have a gift of talking about the current state of the world, as if he is seeing it through the lens of history. With that perspective, he examines the aggressive technological shifts and the Bitcoin system to parse out the values of each, and explain, in his words, why he believes Bitcoin will become the flag for the technological revolution.

Check out the original article: Bitcoin becomes the Flag of Technology

Links:

Anils reading list: Essential Bitcoin Essays: A Reading List
Link to rap battle: Bitcoin Rap Battle Debate: Hamilton vs. Satoshi (BITCOIN GIVEAWAY) [feat. EpicLloyd, TimDeLaGhetto] - YouTube
Balaji's Twitter: @balajis

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"Some networks are “smart.” They offer sophisticated services that can be delivered to very simple end-user devices on the “edge” of the network. Other networks are “dumb” — they offer only a very basic service and require that the end-user devices are intelligent. What’s smart about dumb networks is that they push innovation to the edge, giving end-users control over the pace and direction of innovation. Simplicity at the center allows for complexity at the edge, which fosters the vast decentralization of services.
Surprisingly, then, “dumb” networks are the smart choice for innovation and freedom." — Andreas Antonopolous

Today we read another "Bitcoin classic" that deserves a place on the Bitcoin Audible catalog. Back from 2015, Andreas writes an incredible piece, still fundamental to understanding Bitcoin and the nature of decentralization to this day, why "dumb" networks are better. What does he mean by this, and why would a dumb network foster innovation, where a smart network stifles it? Don't miss this essential piece of Bitcoin history.

Andreas' Website: https://aantonop.com/
Anil's reads list: Essential Bitcoin Essays: A Reading List
Check out the original article: ⁠Decentralization: Why Dumb Networks Are Better⁠ - Foundation for Economic Education⁠

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“Liberty is not merely one particular value…it is the source and condition of most moral values. What a free society offers to the individual is much more than what he would be able to do if only he were free.” — F.A. Hayek

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"The obsession with consumer payments in the Bitcoin community is an unfortunate relic of the fiat money era. Generations that have only known monetary hot potatoes that need to be spent before they devalue have come to view life as a quest of mass consumption." — Saifedean Ammous

Today we hit an historical piece from the one and only Saifedean on the economics of Bitcoin for global settlement. While so many fail to recognize the deeper value of money, rather than the shallow service of payments, Saif breaks down the fundamental value of Bitcoin's incredible settlement assurances, and the economics that will dominate the system's use in the future. A classic from the Nakamoto Institute.

PS. Yes, I know I skipped a number so we are fixing that today. XD

Heck out the original article plus the incredible list of phenomenal knowledge available at the Nakamoto Institute: https://nakamotoinstitute.org/mempool/economics-of-bitcoin-as-a-settlement-network/?ref=teachingbtc.com

Anil's reads list: Essential Bitcoin Essays: A Reading List

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"Nowadays people know the price of everything and the value of nothing." — Oscar Wilde

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"To do our best to minimize the economics jargon once again, we might simply ask: what are you going to do with your time? Are you going to create or consume? And how do the characteristics of money, as the salable representation of that time, influence your decision? I sincerely believe that this is the killer app for Bitcoin: pricing capital. If there were ever a time to say that Bitcoin Fixes This, here it is." — Allen Farrington

On the announcement of AxiomBTC, Allen Farrington writes an incredible introductory paper on the concept behind their project and what the true purpose and power of Bitcoin really is. This is how we take Bitcoin into the future, this is how we let Bitcoin allocate resources to fix the problems of our fiat world. And don't miss the intense Guy's Rant that Allen's work always seems to inspire...

Check out the original article at: Capital in the 21st Century — Axiom

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"Growth for the sake of growth is the ideology of the cancer cell."

— Edward Abbey

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"While many of the innovations in the space are new, they’re built on decades of work that led to this point. By tracing this history, we can understand the motivations behind the movement that spawned bitcoin and share its vision for the future."

Context matters. If you don't know the history of the cypherpunks and where we are coming from. Then you may not really know where we are today. Listen to Lopp's amazing piece from 2016, Bitcoin & the Rise of the Cypherpunks.

Check out the original article at: Bitcoin and the Rise of the Cypherpunks

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“All political theories assume…that most individuals are very ignorant. Those who plead for liberty differ…in that they include among the ignorant themselves as well as the wisest.” — F.A. Hayek

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"Since 1800, in 51 out of 52 cases where a country’s debt-to-GDP ratio reached 130%, the country eventually defaulted. The only exception is current Japan, who is frankly in the final stages of circling the drain (e.g., central bank asset purchases and yield curve control).

Where is the US now? 129% debt-to-GDP." — Jesse Myers

Don't miss this excellent breakdown and visual analogy for the state of government debt and the promises of the US Treasury and the impossibility of a stable or growing value of the dollar in the future. The debt will be paid, in nominal terms, but the ability to hide the value loss in inflation overseas, is not holding up. Then add to this the BRICS nations establishing an eastern block of economic and monetary power... and you have a recipe for fire. Hope you aren't invested in wood...

Check out the article and the many other great links mentioned in the show:

The Bondholder's Burning Platform - by Jesse Myers:

https://www.onceinaspecies.com/p/the-bondholders-burning-platform

The Capital Strip Mine:

https://open.spotify.com/episode/6ifbWDnYHRGxrhd1NPv4BS?si=4da8844065a74db1

Read_587 - Bitcoin & The American West:

https://open.spotify.com/episode/0yEVCnBkTHT4IL01hEwTGe?si=c131120a77d34283

Read_512 - Why The Yuppie Elite Dismiss Bitcoin:

https://open.spotify.com/episode/0opbypclyNDF1GtwiL6Nbo?si=7d426c81415a43b8

A huge thanks to our sponsors, and don't forget to check out the offers for the listeners of this show!

• Code BITCOINAUDIBLE gets 9% off the ColdCard! https://bitcoinaudible.com/coldcard⁠⁠⁠⁠⁠⁠⁠⁠

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⁠⁠⁠⁠⁠⁠⁠• Buy Bitcoin at https://swanbitcoin.com/guy

"All that is gold does not glitter, Not all those who wander are lost." — J.R.R. Tolkien

Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

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 ecosystem, and why fiat is incompatible. This is Guy's Take #68 - Lightning & the Ai Economy...

Definitely don't miss the conversation that got me headed down this rabbit hole on Ai Unchained: https://youtu.be/hI19IaODZPA

Bobby's thread with further links to explore on Twitter:

https://twitter.com/iBobbyShell/status/1671485924218228737?s=20

More resources to explore on this topic:

https://lightning.engineering/posts/2023-07-05-l402-langchain/

A huge thanks to our sponsors, and don't forget to check out the offers for the listeners of this show!

• Code BITCOINAUDIBLE gets 9% off the ColdCard! https://bitcoinaudible.com/coldcard⁠⁠⁠⁠⁠⁠⁠⁠

• Debit card with Sats Back on EVERYTHING: bitcoinaudible.com/fold

⁠⁠⁠⁠⁠⁠⁠• Buy Bitcoin at https://swanbitcoin.com/guy

Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

"Today Americans celebrate 246 years of independence from the British Empire. On this day in 1776 the Founding Fathers made a declaration. It was a bold and risky action. Never before had a colonial state defeated its overlord, especially at the apex of its global power." — Alex Gladstein

For Independence Day and for all those travelers out there I'm bringing back an absolutely amazing piece by the one and only Alex Gladstein. If you haven't heard it, then you are welcome for bringing it back. If you have heard it already... then you are welcome for bringing it back 🤣

Link to the original where you'll also find Gladstein's other great works:

https://bitcoinmagazine.com/culture/bitcoin-and-the-american-idea

HAPPY 4TH! 🎉

A huge thanks to our sponsors, and don't forget to check out the offers for the listeners of this show!

• Code BITCOINAUDIBLE gets 9% off the ColdCard! https://bitcoinaudible.com/coldcard⁠⁠⁠⁠⁠⁠⁠⁠

• Debit card with Sats Back on EVERYTHING: bitcoinaudible.com/fold

⁠⁠⁠⁠⁠⁠⁠• Buy Bitcoin at https://swanbitcoin.com/guy

“The price of freedom is eternal vigilance." — Thomas Jefferson

Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

"Your barber or stylist likely has the broadest network of anyone you know. People from every walk of life, including business owners, accountants, teachers, firefighters and politicians, sit in their chairs, sometimes for hours. It is likely that no one else in your sphere of influence has the amount of time and trust to help others learn about and understand Bitcoin." — Hector Alvero

We dive into a great, succinct Bitcoin Magazine article today on a surprisingly ripe, yet untapped resource for orange pilling. By focusing on the cultural mavens, those with the broadest networks and a unique environment for sharing ideas, could there be a shortcut to hyperbitcoinization? Hector makes a decent case that there might jsut be...

• Code BITCOINAUDIBLE gets 9% off the ColdCard! https://bitcoinaudible.com/coldcard⁠⁠⁠⁠⁠⁠⁠⁠

• 100,000 FREE SATS until the end of June for simply trying -- no subscription, no obligation -- the Fold debit card at⁠⁠⁠⁠⁠⁠⁠https://bitcoinaudible.com/fold⁠⁠⁠⁠⁠⁠⁠

⁠⁠⁠⁠⁠⁠⁠• Buy Bitcoin at https://swanbitcoin.com/guy⁠⁠⁠⁠⁠⁠⁠

“That is the paradox of the epidemic: that in order to create one contagious movement, you often have to create many small movements first.” ― Malcolm Gladwell

Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

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://spiritofsatoshi.ai/

And you can get 9% your bitcoin hardware wallet to keep your BTC savings secure with code BITCOINAUDIBLE if you go to: https://coldcard.com

And don't forget to check out Ai Unchained if you haven't. There will be much more content available on the youtube channel with tutorials and breakdowns of various tools I make use of in the future. Subscribe and stay tuned: https://www.youtube.com/channel/UClG-wqz-OuXfzbpqwJd3fVA

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"Neither a startup nor a bank will ever be able to cost-effectively compete on a global scale with the Lightning Network." — Graham Krizek

Today we hit a really interesting piece from the founder and CEO of Voltage digging into the recent decades development of every tech company moving to in-house financial instruments and cards. What the problems are that they have sought to get around, why they still get stuck with a plethora of other banking intermediaries, and why lightning not only offers very unique solutions, but also benefits that the fiat alternative can't fundamentally do. Lightning feels like its positioned for another exciting period of growth. Don't miss this short read from Krizek followed by a Guy's Take on why every company, will be a lightning company.

Link to the article on Medium, Every Company Will Be A Lightning Company | by Graham Krizek: https://medium.com/@graham_krizek/every-company-will-be-a-lightning-company-806576920064

Guy's Nostr Pubkey: npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev

• Code BITCOINAUDIBLE gets 9% off the ColdCard! https://bitcoinaudible.com/coldcard⁠⁠⁠⁠⁠⁠⁠⁠

• 100,000 FREE SATS until the end of June for simply trying -- no subscription, no obligation -- the Fold debit card at⁠⁠⁠⁠⁠⁠⁠https://bitcoinaudible.com/fold⁠⁠⁠⁠⁠⁠⁠

⁠⁠⁠⁠⁠⁠⁠• Buy Bitcoin at https://swanbitcoin.com/guy⁠⁠⁠⁠⁠⁠⁠

"Rather than love, than money, than fame, give me truth." — Henry David Thoreau

Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

"Investing in bitcoin, we believe, is like having the ability to buy shares of a general “Internet ETF” back in the early 1990s, or like being able to buy undeveloped land on Manhattan Island at the start of the Industrial Revolution—it’s the opportunity of a lifetime." — Adamant Research

Today we finish yesterday's incredible report on how to think about the market opportunities, risk, and incredible potential rewards as we move forward and how best to secure and protect an investment in the ecosystem. All this and tons more in a lengthy Guy's Take to follow, lol. Don't miss it.

Check out the original report for more details, quotes, and further analysis from its author's at the link below:

https://unchained.com/how-to-position-bitcoin-boom

Guy's Nostr Pubkey: npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev

• Code BITCOINAUDIBLE gets 9% off the ColdCard! https://bitcoinaudible.com/coldcard⁠⁠⁠⁠⁠⁠⁠⁠

• 100,000 FREE SATS until the end of June for simply trying -- no subscription, no obligation -- the Fold debit card at⁠⁠⁠⁠⁠⁠⁠https://bitcoinaudible.com/fold⁠⁠⁠⁠⁠⁠⁠

⁠⁠⁠⁠⁠⁠⁠https://swanbitcoin.com/guy⁠⁠⁠⁠⁠⁠⁠

"A complex system that works is invariably found to have evolved from a simple system that worked. The inverse proposition also appears to be true: A complex system designed from scratch never works and cannot be made to work. You have to start over, beginning with a working simple system." — John Gall, Systemantics

Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

"bitcoin is a protocol stack which we can expect to be expanding for many decades, and its foundation is that lean, simple database defended by the world’s strongest firewall; the bitcoin blockchain. In sum, we recommend to not worry about “diversification” in cryptocurrencies and to focus exclusively on bitcoin. It’s the right tool for the job, so pick it up and add it to your toolbox." — Adamant Research

Today we dive into the amazing report from Adamant Research who have marked the key zones in the bear market of Bitcoin for the better part of a decade. Every time they have grounded, thorough analysis of the state of the market, the on-chain data that supports the longer term position in the cycle, and where the most compelling market position Bitcoin is likely to take moving forward.

Check out the original report with tons of graphics and extra details to explore, plus the amazing library of posts and data available from Adamant and Unchained: https://unchained.com/how-to-position-bitcoin-boom

Guy's Nostr Pubkey: npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev

• Code BITCOINAUDIBLE gets 9% off the ColdCard! https://bitcoinaudible.com/coldcard⁠⁠⁠⁠⁠⁠⁠⁠

• 100,000 FREE SATS until the end of June for simply trying -- no subscription, no obligation -- the Fold debit card at⁠⁠⁠⁠⁠⁠⁠https://bitcoinaudible.com/fold⁠⁠⁠⁠⁠⁠⁠

⁠⁠⁠⁠⁠⁠⁠https://swanbitcoin.com/guy⁠⁠⁠⁠⁠⁠⁠

“I learned very early the difference between knowing the name of something and knowing something.” – Richard P. Feynman

Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

"...At some point the entire financial system becomes a wholly owned subsidiary of the Federal Reserve" — Peter St. Onge

Today we dive into the fiat and banking crisis with Austrian economist Peter St. Onge in exploring the insolvencies of our banking and political institutions, how we got here, and where things are likely heading. What courses of action are available for the US government and the Fed and what can we take away from the historical examples of countries taking this same path to apply to our own? @ProfStOnge brings valuable perspective and insight to making sense of the fall of the US monetary system.

Follow him on Twitter for tons of great writing and regular breakdowns of the financial and monetary policy decisions: https://twitter.com/profstonge

Guy's Nostr Pubkey: npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev

• Code BITCOINAUDIBLE gets 9% off the ColdCard! https://bitcoinaudible.com/coldcard⁠⁠⁠⁠⁠⁠⁠⁠

• 100,000 FREE SATS until the end of June for simply trying -- no subscription, no obligation -- the Fold debit card at⁠⁠⁠⁠⁠⁠⁠https://bitcoinaudible.com/fold⁠⁠⁠⁠⁠⁠⁠

⁠⁠⁠⁠⁠⁠⁠https://swanbitcoin.com/guy⁠⁠⁠⁠⁠⁠⁠

"I can't change the wind. But I can change the direction of my sail so that I always reach my destination." — Jimmy Dean

Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

"Expect BlackRock to turn around and shill this to banks, and in particular big banks, such that JPMorgan, for example, can itself turn around and offer “Bitcoin” to its own clients. Of course, it will be an IOU to the BlackRock Stack O’Sats™ that you can transfer to your friend’s Bank Of America Bitcoin IOU account at your leisure. In other words, in short order, the entirety of the Blue Banks’ asset base becomes a funnel into the matrix of the pseudo-Bitcoin narrative attack vector... on the back of all the previous points, expect BlackRock and Coinbase to dominate flows and hence effectively control pricing." — Allen Farrington

Today we dive into the BlackRock "ETF", what it actually is, what it isn't, and what it means for Bitcoin. It isn't all NgU and sunshine and rainbows.

Check out the article and Allen's other writing at the link: https://allenfarrington.medium.com/trust-me-bro-fb5a25964634

Allen's Nostr Pubkey: npub1sfhflz2msx45rfzjyf5tyj0x35pv4qtq3hh4v2jf8nhrtl79cavsl2ymqt

Guy's Nostr Pubkey: npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev

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• ⁠⁠⁠⁠⁠⁠⁠https://swanbitcoin.com/guy⁠⁠⁠⁠⁠⁠⁠

“Once wide coercive powers are given to government agencies…such powers cannot be effectively controlled.” — F.A. Hayek

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"The more wonderful something is, the more passion it will arouse. Bitcoin is among the greatest wonders of the late-modern world, so Greg Foss is understandably very passionate about it. So passionate in fact, that he dropped 11 f-bombs in 31 seconds. Why is such a stalwart bitcoin proponent so concerned? Because two guys in cheap wizard costumes did a cringey Fortnite dance? Surely the stakes must be higher. According to some, there is a battle underway for the future and soul of Bitcoin." — Roy Sheinfeld

Check out the original article at:

https://medium.com/breez-technology/bitcoin-is-unbreakable-much-ado-about-ordinals-inscriptions-and-brc-20-32ca34f59475

Don't forget that Code BITCOINAUDIBLE gets 9% off the ColdCard!⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://bitcoinaudible.com/coldcard⁠⁠⁠⁠⁠⁠⁠⁠

• Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. Lets be 50k Sat buddies by signing up! at⁠⁠⁠⁠⁠⁠⁠https://bitcoinaudible.com/fold⁠⁠⁠⁠⁠⁠⁠

• Buy bitcoin at https://swanbitcoin.com/guy⁠⁠⁠⁠⁠⁠⁠

"It is unwise to be too sure of one's own wisdom. It is healthy to be reminded that the strongest might weaken and the wisest might err."

— Mahatma Gandhi

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"What is Bitcoin? Many have attempted to answer this question, but I believe that our quest to do so is doomed to continue in perpetuity. The continuing development of the protocol is where the cutting edge of research into what Bitcoin is and discussion about what it should strive to be actually occurs.

It can be tricky for newcomers to wrap their head around what sort of proposals are more likely to be accepted for Bitcoin because there are plenty of unwritten rules regarding protocol changes. Some of these rules are more on the philosophical side, some are more on the engineering and security side, and some are a blend of the two." — Jameson Lopp

We've done numerous reads on this show trying to break down the principles and characteristics of Bitcoin, but each often brings something unique and new to the discussion. The discovery of what Bitcoin is simply doesn't have a concrete answer or final solution, its a process of observing it and the endless elements that create it. We have a great piece by Lopp today that tries to shed a little more light on that unknowable thing we call Bitcoin.

Check out the original article below plus an incredible catalog of reading material about bitcoin:

https://nakamoto.com/what-are-the-key-properties-of-bitcoin/

Lopp's Pubkey: npub17u5dneh8qjp43ecfxr6u5e9sjamsmxyuekrg2nlxrrk6nj9rsyrqywt4tp

Guy's Nostr Pubkey: npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev

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• Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. Lets be 50k Sat buddies by signing up! at (⁠⁠⁠⁠⁠⁠⁠https://bitcoinaudible.com/fold⁠⁠⁠⁠⁠⁠⁠)

• The Swan IRA is live! Follow the link to find out how to get your tax free retirement funds, securely allocated to Bitcoin! The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (⁠⁠⁠⁠⁠⁠⁠https://swanbitcoin.com/guy⁠⁠⁠⁠⁠⁠⁠)

"Look for systems, not heroes" — Hans Rosling

Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

"Zapvertising has two forms, and I believe there is a crucial difference between the two. In one version, a company or creator zaps a ton of notes on the Nostr feed. Blockstream has done this for a couple of days at a time, to great success. It is very unobtrusive. Just a gentle reminder that they are there, and it is a way to earn good will that may lead to follows and possibly conversion to sales. This method has already proven itself to be fairly successful, as I think the amount of goodwill towards Blockstream shown in the timeline has shown. There is very little downside to this method..." — The Same Cat

Today we talk about another new entrant into the ideas of monetizing the decentralized web, with Zapvertising. I have limited first hand experience with this but the article caught my eye and I had to explore. Seeing as this is a fresh concept I'm really interested to hear anyone's feedback on my take at the end, and the stance of this article. There's much to explore, so let's get into with an article at telegra.ph, by first time author, "the same cat."

Check out the original article at:

https://telegra.ph/The-State-of-Zapvertising-06-10

TheSameCat Pubkey: npub1wtuh24gpuxjyvnmjwlvxzg8k0elhasagfmmgz0x8vp4ltcy8ples54e7js

Guy's Nostr Pubkey: npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev

Don't forget that Code BITCOINAUDIBLE gets 9% off the ColdCard!⁠⁠⁠⁠⁠⁠⁠(⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://bitcoinaudible.com/coldcard⁠⁠⁠⁠⁠⁠⁠)

• Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. Lets be 50k Sat buddies by signing up! at (⁠⁠⁠⁠⁠⁠https://bitcoinaudible.com/fold⁠⁠⁠⁠⁠⁠)

• The Swan IRA is live! Follow the link to find out how to get your tax free retirement funds, securely allocated to Bitcoin! The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (⁠⁠⁠⁠⁠⁠https://swanbitcoin.com/guy⁠⁠⁠⁠⁠⁠)

“Great minds discuss ideas. Average minds discuss events. Small minds discuss people.”

― Henry Thomas Buckle

Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

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 systemic contagion, as well as what we can do to protect ourselves and our families from going down with the ship.

Some of the links and works mentioned in the show that I highly encourage you check out:

The Yield From Money Held - https://open.spotify.com/episode/67dqOHWLX9NRmAs4S0G9XQ?si=03c23b0343a44f2f

The Depression You've Never Heard of -https://open.spotify.com/episode/1IzDtYJdMGZ1R8JO9Rx0EE?si=785f02c791e748e9

Guy's Nostr Pubkey: npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev

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• Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. Lets be 50k Sat buddies by signing up! at (⁠⁠⁠⁠⁠⁠https://bitcoinaudible.com/fold⁠⁠⁠⁠⁠⁠)

• The Swan IRA is live! Follow the link to find out how to get your tax free retirement funds, securely allocated to Bitcoin! The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (⁠⁠⁠⁠⁠⁠https://swanbitcoin.com/guy⁠⁠⁠⁠⁠⁠)

"Simple can be harder than complex: You have to work hard to get your thinking clean to make it simple. But it’s worth it in the end because once you get there, you can move mountains." — Steve Jobs

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"Nostr isn't just a social network, in a similar way that Bitcoin isn't just a transaction network. Both of these things are true, but they each miss the more significant elements of what they accomplish." — Guy Swann

Yesterday I was consumed with a mental thread that I couldn't get out of my head, and so decided to set everything else aside and get this idea out. Today we read my short article posted on blogstack.io, and follow it with a Guy's Take on the possible nuance, where I might be wrong, and where I think there is simple reason to believe that "fixing" the internet is not only possible, but potentially on a near horizon. What if we have everything we need to create the greatest shift in the architecture of the internet that it has seen in it's short lifetime? Allow me to lay out the reasons why I think this, why I have hope that the dream of the cypherpunks is achievable, and why all the tools to accomplish it... may be sitting right in front of us. Don't miss this one, "The Fruit of the Nostr Tree 🌱."

Guy's Nostr Pubkey: npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev

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• Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. Lets be 50k Sat buddies by signing up! at (⁠⁠⁠⁠⁠https://bitcoinaudible.com/fold⁠⁠⁠⁠⁠)

• The Swan IRA is live! Follow the link to find out how to get your tax free retirement funds, securely allocated to Bitcoin! The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (⁠⁠⁠⁠⁠https://swanbitcoin.com/guy⁠⁠⁠⁠⁠)

“Because while the truncheon may be used in lieu of conversation, words will always retain their power. Words offer the means to meaning, and for those who will listen, the enunciation of truth. And the truth is, there is something terribly wrong with this country, isn't there? Cruelty and injustice, intolerance and oppression. And where once you had the freedom to object, to think and speak as you saw fit, you now have censors and systems of surveillance coercing your conformity and soliciting your submission. How did this happen? Who's to blame? Well certainly there are those more responsible than others, and they will be held accountable, but again truth be told, if you're looking for the guilty, you need only look into a mirror. I know why you did it. I know you were afraid. Who wouldn't be? War, terror, disease. There were a myriad of problems which conspired to corrupt your reason and rob you of your common sense.”

― Alan Moore, V for Vendetta

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"Much like how two nuclear bombs ended World War II, capital-crushing central bank policy rate hikes and Russian sanctions were like two nuclear bombs dropped on the economy and the banking system. The shock wave took one year to make its way around the world, and now we're dealing with the fallout.European banks like Deutsche Bank and Credit Suisse were very intertwined with Russia, and tried to resist cutting ties with Russian business lines as this would inevitably lead to their failures, which would spread as contagion to the rest of the global banking system." — ⁠Brad Mills⁠

Part 2 today of Brad Mills's excellent breakdown of the state of the banking crisis, the potential risk to the everyday depositor, and the likely paths forward. Will more banks collapse, and will this lead us into hyperinflation, broad default, or will we manage another kicking of the can? How do we, as depositors to these crumbling institutions, protect ourselves from the growing storm? Find out in today's episode...

For the tons of extra data and sources to give the visual comparisons and tell the "story" of all this as it plays out, I highly encourage you to visit the link below to get a sense of what has been happening. Part 2 is coming soon, stay tuned:

⁠https://bitcoinmagazine.com/markets/the-banking-crisis-threatens-your-money⁠

Brad Mills on Nostr: npub1zjx3xe49u3njkyep4hcqxgth37r2ydc6f0d7nyfn72xlpv7n97ss73pvrl

Guy's Nostr Pubkey: npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev

Don't forget that Code BITCOINAUDIBLE gets 9% off the ColdCard!⁠⁠⁠⁠⁠⁠(⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://bitcoinaudible.com/coldcard⁠⁠⁠⁠⁠⁠)

• Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. Lets be 50k Sat buddies by signing up! at (⁠⁠⁠⁠⁠https://bitcoinaudible.com/fold⁠⁠⁠⁠⁠)

• The Swan IRA is live! Follow the link to find out how to get your tax free retirement funds, securely allocated to Bitcoin! The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (⁠⁠⁠⁠⁠https://swanbitcoin.com/guy⁠⁠⁠⁠⁠)

“What are the odds that people will make smart decisions about money if they don't need to make smart decisions--if they can get rich making dumb decisions? The incentives on Wall Street were all wrong; they're still all wrong.”― Michael Lewis, The Big Short

Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

"Price inflation is the highest it’s been in decades. Labor participation is the lowest it’s been in decades. Wealth inequality is continually going in the wrong direction since 1971 and has accelerated during the QE period. The bond markets are more volatile now than they have been in decades, and 2022 was the worst year for stocks and bonds since 1920. The ballooning of the money supply and growth of the debt-based monetary system is not a left versus right phenomenon — at least in America — both sides have presided over the destruction of the dollar’s purchasing power and the weakening of the banking system." — Brad Mills

If the entire banking system is insolvent, if the fictional reserve banking means none of our deposits really exist, and we are in the midst of a potentially global banking crisis still unfolding, what does it mean for the money we have in the bank? What does it mean for our access, and for its purchasing power? And of course, what role does Bitcoin play in all of this? Don't miss this incredible breakdown of what is happening to our deposits by Brad Mills. Starting with Part 1...

For the tons of extra data and sources to give the visual comparisons and tell the "story" of all this as it plays out, I highly encourage you to visit the link below to get a sense of what has been happening. Part 2 is coming soon, stay tuned:

https://bitcoinmagazine.com/markets/the-banking-crisis-threatens-your-money

Brad Mills on Nostr: npub1zjx3xe49u3njkyep4hcqxgth37r2ydc6f0d7nyfn72xlpv7n97ss73pvrl

Guy's Nostr Pubkey: npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev

Don't forget that Code BITCOINAUDIBLE gets 9% off the ColdCard!⁠⁠⁠⁠⁠(⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://bitcoinaudible.com/coldcard⁠⁠⁠⁠⁠)

• Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. Lets be 50k Sat buddies by signing up! at (⁠⁠⁠⁠https://bitcoinaudible.com/fold⁠⁠⁠⁠)

• The Swan IRA is live! Follow the link to find out how to get your tax free retirement funds, securely allocated to Bitcoin! The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (⁠⁠⁠⁠https://swanbitcoin.com/guy⁠⁠⁠⁠)

"When the whole world is running towards a cliff, he who is running in the opposite direction appears to have lost his mind." — C.S. Lewis

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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 of Ark balances all respond to secure the ownership of their coins. Don't miss this one. This is Bitcoin Audible Chat #80 - Building the Ark with Burak.

Don't forget to check out arkpill.me for more details.

Here are a few of the links that Burak sent my way for more exploration. Let me know if you want me to cover one on the show! Shoot me a message on Fountain

https://github.com/fiksn/awesome-ark

https://lists.linuxfoundation.org/pipermail/bitcoin-dev/2023-May/021720.html

Burak's Nostr Pubkey: npub18aq8s3z9xl87e74twfk93mljxq6alv4a79yheadx33t9np4g2wkqrtmask

Guy's Nostr Pubkey: npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev

Don't forget that Code BITCOINAUDIBLE gets 9% off the ColdCard!⁠⁠⁠(⁠⁠⁠⁠⁠⁠https://bitcoinaudible.com/coldcard⁠⁠⁠)

• Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. Lets be 50k Sat buddies by signing up! at (⁠⁠https://bitcoinaudible.com/fold⁠⁠)

• The Swan IRA is live! Follow the link to find out how to get your tax free retirement funds, securely allocated to Bitcoin! The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (⁠⁠https://swanbitcoin.com/guy⁠⁠)

“If you tell the truth, you don't have to remember anything.” ― Mark Twain

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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 Nostr Pubkey: npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev

Don't forget that Code BITCOINAUDIBLE gets 9% off the ColdCard!⁠⁠(⁠⁠⁠⁠https://bitcoinaudible.com/coldcard⁠⁠)

• Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. Lets be 50k Sat buddies by signing up! at (⁠https://bitcoinaudible.com/fold⁠)

• The Swan IRA is live! Follow the link to find out how to get your tax free retirement funds, securely allocated to Bitcoin! The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (⁠https://swanbitcoin.com/guy⁠)

"Any intelligent fool can make things bigger, more complex, and more violent. It takes a touch of genius, and a lot of courage to move in the opposite direction." — E.F. Schumacher

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"Ark is a trustless, distinct layer two protocol with unilateral exit. ASPs cannot steal users’ funds or link senders & receivers. Users retain self-custody and can revert their funds to the base layer if something goes wrong on the second layer." — Burak

Today we dive into possibly the most exciting announcement to come out of Bitcoin2023, a genuinely unique layer 2 protocol, for non-custodial, fully anonymous, fast, cheap, off-chain payments. Introducing Ark. We are diving right in and I promise you don't want to miss this one. Let's Go!

Check out the original article at: Introducing Ark. I’m excited to publicly introduce Ark… | by Burak

Guy's Nostr Pubkey: npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev

If you'd like to take your own deep dive, then you may start at https://www.arkpill.me/

Don't forget to check out our amazing sponsors:

• Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. Lets be 50k Sat buddies by signing up! at (https://bitcoinaudible.com/fold)

• The Swan IRA is live! Follow the link to find out how to get your tax free retirement funds, securely allocated to Bitcoin! The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (https://swanbitcoin.com/guy)

• Dive into the Bitcoin only wallet, the cypherpunk calculator, with the NEW Coldcard Q1! A company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 9% off the ColdCard!(https://bitcoinaudible.com/coldcard)

"To teach that a comparatively few men are responsible for the greatest forward steps of mankind is the worst sort of nonsense." — Henry Ford

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"an unbounded number of assets can be minted and/or moved in a single on-chain transaction. This off-chain first design enables asset minters and transactors to enjoy the permissionless nature of the bitcoin blockchain and scale their businesses without running into bitcoin’s scaling constraints. Users will soon be able to integrate their assets into the Lightning Network for instant, high volume, low-fee transactions. This leverages existing network effects and the install base of wallets, exchanges, and merchants, instead of needing to bootstrap a new ecosystem from scratch." — Ryan Gentry

With the issuance of assets on the Bitcoin network seeing a sudden surge, Taproot Assets drops there initial release at a very opportune time. Taproot Assets is a game-changing solution for scalable and efficient asset issuance and transfer on top of the bitcoin ecosystem. Seamlessly integrate with the Lightning Network for instant, low-fee transactions and enjoy developer-friendly tools designed for global accessibility. Don't miss this excellent episode.

Check out the original article plus the other great things built by Lightning Labs at the link below:

Mint the Future with Taproot Assets v0.2 - https://lightning.engineering/posts/2023-05-16-taproot-assets-v0.2/

Guy's Nostr Pubkey: npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev

Don't forget to check out our amazing sponsors:

• Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 20,000 FREE SATS! at (https://bitcoinaudible.com/fold)

• The Swan IRA is live! Follow the link to find out how to get your tax free retirement funds, securely allocated to Bitcoin! The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (https://swanbitcoin.com/guy)

• Dive into the Bitcoin only wallet, the cypherpunk calculator, with the NEW Coldcard Q1! A company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 9% off the ColdCard!(https://bitcoinaudible.com/coldcard)

"One must acknowledge with cryptography no amount of violence will ever solve a math problem." — Jacob Appelbaum

--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

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 unleashed, you do not want to miss this show. Welcome to AI Unchained.

Check out Jeff Booth's incredible book here:

⁠Amazon.com: The Price of Tomorrow: Why Deflation Is the Key to an Abundant Future⁠

Guy's Nostr Pubkey: npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev

Code BITCOINAUDIBLE gets 10% off your ⁠Bitcoin2023 tickets⁠!

Don't forget to check out our amazing sponsors:

• The Swan IRA is live! Follow the link to find out how to get your tax free retirement funds, securely allocated to Bitcoin! The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with ⁠Swan Bitcoin⁠

• Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and Fold App. 20,000 FREE SATS! at the ⁠LINK⁠

• Dive into the Bitcoin only wallet, the cypherpunk calculator, with the NEW Coldcard Q1! A company that has built secure Bitcoin products for nearly a decade. ⁠Code BITCOINAUDIBLE gets 9% off the ColdCard!⁠

--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

The Price of Tomorrow: Why Deflation is the Key to an Abundant Future

"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 SheinfeldToday 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 another lightning app, build apps, and attach them to lightning. This is much easier than most realize with the Breez SDK; no licenses, no custody, no maintaining wallet infrastructure, just implement and go. We win by putting this in developers hands. Don't miss this one if you want to understand more!Check out the original, along with the graphics and links mentioned in the show at the link below:https://medium.com/breez-technology/we-need-more-apps-with-lightning-not-more-lightning-apps-b5f37f9ac8bdGuy's Nostr Pubkey: npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpevCode BITCOINAUDIBLE gets 10% off your Bitcoin2023 tickets!Don't forget to check out our amazing sponsors:• The Swan IRA is live! Follow the link to find out how to get your tax free retirement funds, securely allocated to Bitcoin! The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (https://swanbitcoin.com/guy)• Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 20,000 FREE SATS! at (https://bitcoinaudible.com/fold)• Dive into the Bitcoin only wallet, the cypherpunk calculator, with the NEW Coldcard Q1! A company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 9% off the ColdCard! (https://bitcoinaudible.com/coldcard)------------------------“Economic control…is the control of the means for all our ends. And whoever has control of the means must also determine which ends are to be served.” — F.A. HayekLearn more about your ad choices. Visit megaphone.fm/adchoices--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

"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 complaining about one topic dominance I think it is time we focus on the solution, let’s talk about other stuff." — Jack SpirkoCheck out the original article and helpful links for getting started on Nostr if you haven't yet.Guy's Nostr Pubkey: npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpevCode BITCOINAUDIBLE gets 10% off your Bitcoin2023 tickets!Don't forget to check out our amazing sponsors:• The Swan IRA is live! Follow the link to find out how to get your tax free retirement funds, securely allocated to Bitcoin! The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (https://swanbitcoin.com/guy)• Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 20,000 FREE SATS! at (https://bitcoinaudible.com/fold)• Dive into the Bitcoin only wallet, the cypherpunk calculator, with the NEW Coldcard Q1! A company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 9% off the ColdCard! (https://bitcoinaudible.com/coldcard)------------------------"Try not to become a man of success. Rather become a man of value." — Albert EinsteinLearn more about your ad choices. Visit megaphone.fm/adchoices--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

"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 OdellIs 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 discussions, and make sure we understand the difference between the censorship and engineering concerns around the Bitcoin system and its secure operation. Let's dive in...Check out the original at: https://www.discreetlog.com/high-fees/Guy's Nostr Pubkey: npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpevCode BITCOINAUDIBLE gets 10% off your Bitcoin2023 tickets!Don't forget to check out our amazing sponsors:• The Swan IRA is live! Follow the link to find out how to get your tax free retirement funds, securely allocated to Bitcoin! The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (https://swanbitcoin.com/guy)• Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 20,000 FREE SATS! at (https://bitcoinaudible.com/fold)• Dive into the Bitcoin only wallet, the cypherpunk calculator, with the NEW Coldcard Q1! A company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 9% off the ColdCard! (https://bitcoinaudible.com/coldcard)------------------------"People need to agree enough to be able to trade but also disagree enough to be willing to trade." — Allen Farrington & Sacha Meyers, Bitcoin is VeniceLearn more about your ad choices. Visit megaphone.fm/adchoices--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

"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, & Anders LarsonPart 2 of the epic piece from Big Al and Allen Farrington on the conceptual, technical, and cultural failures of DeFi, and why it is, in fact, neither "decentralized," nor "finance." Another incredible piece for making some sense out of the insanity of crypto, especially in the wake of the FTX fraud.If you haven't yet listened to Part 1, do so before digging into the second half or you may be a little lost... but hey that's just me. You do you:https://open.spotify.com/episode/2Zf1kcS8lnrgiaMBKcs2BQ?si=d769841b092d4331Boost Bitcoin Audible on Fountain to get the best Bitcoin podcast to the top of the leaderboards 😘Don't forget to check out our amazing sponsors:• Dive into the Bitcoin only wallet, the cypherpunk calculator, and a company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 10% off everything in the store until Christmas! (guyswann.com/coldcard)• Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 5,000 FREE SATS at (guyswann.com/fold)• The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (swanbitcoin.com/guy)Learn more about your ad choices. Visit megaphone.fm/adchoices

"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 decentralized finance." - Allen Farrington, & Anders LarsonToday we dive into the first half of another amazing piece on understanding both the conceptual and technical limitations of decentralized finance, as well as trying to discern what the point of decentralized finance really is, and what it might look like when we see a sustainable & capital forming version of it come to be. Let's dive in!Check out the original with tons of footnotes and links for digging further and verifying the claims and data shared in the piece:https://www.uncerto.com/green-eggs-and-hamBoost Bitcoin Audible on Fountain to get the best Bitcoin podcast to the top of the leaderboards 😘Don't forget to check out our amazing sponsors:• Dive into the Bitcoin only wallet, the cypherpunk calculator, and a company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 10% off everything in the store until Christmas! (guyswann.com/coldcard)• Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 5,000 FREE SATS at (guyswann.com/fold)• The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (swanbitcoin.com/guy)----------------------------“money that is easy to produce is no money at all, and easy money does not make a society richer; on the contrary, it makes it poorer by placing all its hard‐earned wealth for sale in exchange for something easy to produce.”― Saifedean AmmousLearn more about your ad choices. Visit megaphone.fm/adchoices

"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 many of their pieces are available in audio here on Bitcoin Audible if you haven't heard them yet. @Bitstein brings us an argument of how Bitcoin reinforces human flourishing, undermines the ideology of the state, and reveals the truth of a world of individuals, obscured by the false abstractions of our institutions and ideology. And it does so, through the banishment of monetary uncertainty.

Check out this and tons of other work at The Bitcoin Times: https://bitcointimes.com.au/toward-a-node-world-order/

Bitcoin is Digital Scarcity: https://open.spotify.com/episode/2jWaeOqWU8m9g5QovJqkEh?si=8b7f8d27fcd04034

Boost Bitcoin Audible on Fountain to get the best Bitcoin podcast to the top of the leaderboards 😘

Don't forget to check out our amazing sponsors: • Dive into the Bitcoin only wallet, the cypherpunk calculator, and a company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 10% off everything in the store until Christmas! (guyswann.com/coldcard) • Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 5,000 FREE SATS at (guyswann.com/fold) • The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (swanbitcoin.com/guy)

“It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.” ― Henry Ford Learn more about your ad choices. Visit megaphone.fm/adchoices

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 Bitcoin Audible on Fountain to get the best Bitcoin podcast to the top of the leaderboards 😘

Dont forget to check out our amazing sponsors: • Dive into the Bitcoin only wallet, the cypherpunk calculator, and a company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 10% off everything in the store until Christmas! (guyswann.com/coldcard) • Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 5,000 FREE SATS at (guyswann.com/fold) • The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (swanbitcoin.com/guy)

Learn more about your ad choices. Visit megaphone.fm/adchoices

"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 it looks very different now compared to how it looked in the beginning. Activity related to Lightning is becoming more specialized, and that specialization is both a symptom of and catalyst for the growth of the network." - Roy Sheinfeld

Lightning is maturing before our very eyes, and in the process the number and variety of services are exploding. With some major changes ahead and finally seeing the full potential to even change the client/server model on the internet itself, things will start moving very quickly. Bear markets are for building, and Lightning is where we should be focused. Don't miss another great piece from Roy Sheinfeld at Breez.

Checkout the original plus tons of other great work from Roy and the Breez team below: https://medium.com/breez-technology/the-maturation-of-lightning-growing-up-by-going-vertical-c5cffd0c98ea For his previous work which I mentioned at the beginning of the show, you'll find the audio here: https://open.spotify.com/episode/2OaJX05QEUovP0R3IF5qQ2?si=27bf9217b7f649d7

Boost Bitcoin Audible on Fountain to get the best Bitcoin podcast to the top of the leaderboards 😘

Dont forget to check out our amazing sponsors: • Dive into the Bitcoin only wallet, the cypherpunk calculator, and a company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 5% off everything in the store! (guyswann.com/coldcard) • Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 5,000 FREE SATS at (guyswann.com/fold) • The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (swanbitcoin.com/guy)

"We are still in the first minutes, of the first day, of the internet revolution." – Scott Cook Learn more about your ad choices. Visit megaphone.fm/adchoices

"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't yet, and then dive into today's read of Part 2, the Current State of Man to understand where we are today and what our potential paths into the future are. Both good, and bad.

Check out the original article and the many other works they publish on the Simply Bitcoin substack at the link below: https://simplybitcoin.substack.com/p/proclaim-your-bitcoin-part-two?utm_source=profile&utm_medium=reader2

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Dont forget to check out our amazing sponsors: • Dive into the Bitcoin only wallet, the cypherpunk calculator, and a company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 5% off everything in the store! (guyswann.com/coldcard) • Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 5,000 FREE SATS at (guyswann.com/fold) • The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (swanbitcoin.com/guy)

“War is Mass Murder, Conscription is Slavery, Taxation is Robbery.” ― Murray N. Rothbard Learn more about your ad choices. Visit megaphone.fm/adchoices

"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 and dive into a big picture of the perspective on El Salvador and their bitcoin "bet." The mainstream media is in lockstep telling us that it is a disaster, that they are ready to default, and their bet has resulting in declining credit worthiness and loss of financial stability. But is this true? What is really happening, and why would the mainstream be so apt to make us think the end is near, if it wasn't true? Don't miss the cover story of the "Orange Pill Issue" of Bitcoin Magazine. Link to the full article below where you can find a copy in Spanish as well: https://bitcoinmagazine.com/print/stop-drinking-the-elites-kool-aid

Boost Bitcoin Audible on Fountain to get the best Bitcoin podcast to the top of the leaderboards 😘

Dont forget to check out our amazing sponsors: • The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (swanbitcoin.com/guy) • Dive into the Bitcoin only wallet, the cypherpunk calculator, and a company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 5% off everything in the store! (guyswann.com/coldcard) • Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 5,000 FREE SATS at (guyswann.com/fold)

"I know you're taking it in the teeth out there, but the first guy through the wall, he always gets bloody. Always. This is a threat not just to the way they do business, but in their minds it's threatening the game. But really what its threatening is their livelihoods, their jobs. It's threatening the way that they do things. And every time that happens, whether it's a government or a way of doing business or whatever it is... the people who are holding the reigns, have their hands on the switch... they go batshit crazy." - Moneyball Learn more about your ad choices. Visit megaphone.fm/adchoices

"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 action for those in the space, and then is followed by a breakdown of the events and what we know so far from Greg Cipolaro. If you are wondering what has been going on in crypto, this is a good place to start.

Check out the mentioned article below written 6 months ago on the risks and potential failures of crypto and Defi with the incredible piece co-authored by Ross Stevens, Nic Carter, & Allen Farrington: https://nydig.com/on-impossible-things-before-breakfast

Check out the original shareholder letter at the link below: https://nydig.com/research/through-the-looking-glass-the-ftx-and-alameda-saga

Dont forget to check out our amazing sponsors: • Dive into the Bitcoin only wallet, the cypherpunk calculator, and a company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 5% off everything in the store! (guyswann.com/coldcard) • Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 5,000 FREE SATS at (guyswann.com/fold) • The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (swanbitcoin.com/guy)

“It is always from a minority acting in ways different from what the majority would prescribe that the majority in the end learns to do better.” - F.A. Hayek Learn more about your ad choices. Visit megaphone.fm/adchoices

"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 pervasive in the crypto space. Crypto is Peak Silicon Valley...

Check out the original article and drop some applause on his medium page at the link below: https://allenfarrington.medium.com/crypto-is-peak-silicon-valley-b599ac24ec95

• The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (swanbitcoin.com/guy) • Dive into the Bitcoin only wallet, the cypherpunk calculator, and a company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 5% off everything in the store! (guyswann.com/coldcard) • Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 5,000 FREE SATS at (guyswann.com/fold)

"Humans are shit. This thing is addressing problems that don't exist. It's solutionism at its worst. We are dumbing down machines that are inherently superior." - Gilfoyle, from Silicon Valley Learn more about your ad choices. Visit megaphone.fm/adchoices

“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 of links for sources and further reading on the topic at the link below: https://merionwest.com/2022/11/07/no-lets-not-perpetrators-of-pandemic-authoritarianism-cannot-be-forgiven/

• Dive into the Bitcoin only wallet, the cypherpunk calculator, and a company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 5% off everything in the store! (guyswann.com/coldcard) • Join us and the Swan Bitcoin team at the Pacific Bitcoin Conference in November! Get your tickets now, 20% off with code BITCOINAUDIBLE (https://www.pacificbitcoin.com/) • The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (swanbitcoin.com/guy) • Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 5,000 FREE SATS at (guyswann.com/fold)

"Liberty only has meaning if we still believe in it when something terrible happens." - Ron Paul Learn more about your ad choices. Visit megaphone.fm/adchoices

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 possible in a P2P future that could alter our relationship with the networks that connect us.

Add me on BitKit! slash:qhagr5jxmir5szaosn4i1wthfs7opbie777rps6e71x84trneogo Check out the links mentioned in the episode of all the tools that are building the foundation of this new ecosystem: https://slashtags.to/ https://synonym.to/ https://bitkit.to/ https://keet.io/

Check out our amazing sponsors and the products that Guy uses most in the space: • Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 5,000 FREE SATS at (guyswann.com/fold) • Dive into the Bitcoin only wallet, the cypherpunk calculator, and a company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 5% off everything in the store! (guyswann.com/coldcard) • Join us and the Swan Bitcoin team at the Pacific Bitcoin Conference in November! Get your tickets now, 20% off with code BITCOINAUDIBLE (https://www.pacificbitcoin.com/) • The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (swanbitcoin.com/guy)

"Nothing in this world can take the place of persistence. Talent will not; nothing is more common than unsuccessful men with talent. Genius will not; unrewarded genius is almost a proverb. Education will not; the world is full of educated derelicts. Persistence and determination alone are omnipotent. The slogan Press On! has solved and always will solve the problems of the human race." - Calvin Coolidge Learn more about your ad choices. Visit megaphone.fm/adchoices

"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 piece by Daniel Batten showing the power and momentum of the grassroots Bitcoin movement and how it is galvanizing a defense against the ESG misinformation being spread by scammers and political profiteers. Greenpeace decided they were going to "change the code," but it hasn't worked out so well. Daniel breaks down why. Don't miss this fun article at Bitcoin Magazine.

Check out the original article plus tons of other great news and articles at Bitcoin Magazine: https://bitcoinmagazine.com/culture/greenpeace-environment-attacks-help-bitcoin

You can find the book mentioned in the commentary as well as a link to Nic Carter's Annotated WH Report below: https://www.amazon.com/s?k=unsettled+steven+koonin&crid=2GCXRQ3ZYCIHQ&sprefix=unsettled%2Caps%2C102 https://niccarter.info/wp-content/uploads/09-2022-Crypto-Assets-and-Climate-Report_nc_annotated_091522.pdf

Check out our amazing sponsors and the products that Guy uses most in the space: • Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 5,000 FREE SATS at (guyswann.com/fold) • Dive into the Bitcoin only wallet, the cypherpunk calculator, and a company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 5% off everything in the store! (guyswann.com/coldcard) • Join us and the Swan Bitcoin team at the Pacific Bitcoin Conference in November! Get your tickets now, 20% off with code BITCOINAUDIBLE (https://www.pacificbitcoin.com/) • The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (swanbitcoin.com/guy)

“It is no coincidence that the century of total war coincided with the century of central banking.” ― Ron Paul Learn more about your ad choices. Visit megaphone.fm/adchoices

"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 when it was performed." - Steven Lubka

Concluding today the second half of the amazing "Capital Misallocation: Bitcoin Fixes This" by Steven Lubka from Swan Bitcoin. If you want to understand the role of money and how it enables the economic machine to produce spontaneous order, then you don't want to miss this read & Guy's Take...

Mentioned in the commentary, a phenomenal read for understanding the infinite complexity of the market is "I, Pencil" by Leonard Reed: https://open.spotify.com/episode/3nXKaUt2UvTYqCQHnTBFDy?si=63fb390e40fe420e

Check out the original at the link below, as well as the last piece Steven wrote we covered on this show: https://www.swanbitcoin.com/capital-misallocation-bitcoin-fixes-this/ Read_643 - Bitcoin & The True Meaning of Inflation: https://open.spotify.com/episode/2JKjejgGp66xtEPqsGPzW4?si=KFVs1SJrQUiHE2BO7-lsUg

Check out our amazing sponsors and the products that Guy uses most in the space: • Dive into the Bitcoin only wallet, the cypherpunk calculator, and a company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 5% off everything in the store! (guyswann.com/coldcard) • Join us and the Swan Bitcoin team at the Pacific Bitcoin Conference in November! Get your tickets now, 20% off with code BITCOINAUDIBLE (https://www.pacificbitcoin.com/) • The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (swanbitcoin.com/guy) • Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 5,000 FREE SATS at (guyswann.com/fold)

“The case for individual freedom rests largely upon the recognition of the inevitable and universal ignorance of all of us concerning a great many of the factors on which the achievements of our ends and welfare depend.” - F.A. Hayek Learn more about your ad choices. Visit megaphone.fm/adchoices

"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 their descent into the uncertainty and the unknowable." - Steven Lubka

Today we hit another amazing piece, diving into the first half with the second to come tomorrow, of Steven Lubka's fantastic breakdown of the process of capital and the economy, and how prices and money are the guiding force, made parasitic and destructive through the control of prices and the act of money creation. An essay absolutely packed with knowledge, you don't want to miss hearing how Bitcoin fixes this...

Check out the original at the link below, as well as the last piece Steven wrote we covered on this show: https://www.swanbitcoin.com/capital-misallocation-bitcoin-fixes-this/ Read_643 - Bitcoin & The True Meaning of Inflation: https://open.spotify.com/episode/2JKjejgGp66xtEPqsGPzW4?si=KFVs1SJrQUiHE2BO7-lsUg

Check out our amazing sponsors and the products that Guy uses most in the space: • Dive into the Bitcoin only wallet, the cypherpunk calculator, and a company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 5% off everything in the store! (guyswann.com/coldcard) • Join us and the Swan Bitcoin team at the Pacific Bitcoin Conference in November! Get your tickets now, 20% off with code BITCOINAUDIBLE (https://www.pacificbitcoin.com/) • The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (swanbitcoin.com/guy) • Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 5,000 FREE SATS at (guyswann.com/fold)

"The quantity of money available in the whole economy is always sufficient to secure for everybody all that money does and can do." - Ludwig von Mises, Human Action Learn more about your ad choices. Visit megaphone.fm/adchoices

"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 proportional to the product of their masses and inversely proportional to the square of the distance between their centers.” - Buck Perley

Definitely listen or read the first three parts of the Bitcoin Astronomy series to get the full value out of this additional essay brought to us by Buck Perley at Unchained Capital. a Fourth installment discovering the fundamental truths of proof of stake vs proof of work and why only proof of work can bridge the trust gap between cultures and communities so far separated as different species spread out among the stars.

Bitcoin Astronomy Part I - https://open.spotify.com/episode/72lK4wERiLPtagHIT9v7OG?si=_SbJ0L4gQ3GjGltWBDCVDw Bitcoin Astronomy Part II - https://open.spotify.com/episode/5vuZhpkGRJZMjHE4nnjRu1?si=F73oRkjfSTWS3NpRNLKIzA Bitcoin Astronomy Part III - https://open.spotify.com/episode/4jTr1Nadq5dtiQUs7UvJzz?si=MFWvwY6ESqmAj7vj-vDO0A

Check out the original article at Unchained Capital below: https://unchained.com/blog/bitcoin-astronomy-proof-of-stake/

Check out our amazing sponsors and the products that Guy uses most in the space: • Join us and the Swan Bitcoin team at the Pacific Bitcoin Conference in November! Get your tickets now, 20% off with code BITCOINAUDIBLE (https://www.pacificbitcoin.com/) • The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (swanbitcoin.com/guy) • Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 5,000 FREE SATS at (guyswann.com/fold) • Dive into the Bitcoin only wallet, the cypherpunk calculator, and a company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 5% off everything in the store! (guyswann.com/coldcard) Learn more about your ad choices. Visit megaphone.fm/adchoices

"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). Western countries have done effectively the same thing, only with much more subtlety, without even the players knowing. The pension capital is gone, spent, consumed by the state, all that remains is the realization that it is gone." - Daniel Oliver, Myrmikan Capital

Check out the original paper with some very eye opening charts to super charge the point made in this excellent work. Plus don't forget to explore more from Myrmikan Research if this work is any indication of the work they publish: https://www.myrmikan.com/pub/Myrmikan_Research_2022_10_18.pdf

Check out our amazing sponsors and the products that Guy uses most in the space: • Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 5,000 FREE SATS at (guyswann.com/fold) • Join us and the Swan Bitcoin team at the Pacific Bitcoin Conference in November! Get your tickets now, 20% off with code BITCOINAUDIBLE (https://www.pacificbitcoin.com/) • The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (swanbitcoin.com/guy) • Dive into the Bitcoin only wallet, the cypherpunk calculator, and a company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 5% off everything in the store! (guyswann.com/coldcard) Learn more about your ad choices. Visit megaphone.fm/adchoices

"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 rather that things are not so binary. Reality is messy, and it is reality we should care about, not our theories of reality that, it turns out, have never really been tested …" - Allen Farrington

Today we reboot an old favorite of mine from 200 episodes ago on the semantic failures of our modern, commonly understood definition of money. Another of the amazing chapters from the book by Sacha Meyers and Allen Farrington, Bitcoin is Venice. Below I have the Guy's Take I did as a follow up to this read originally, as well as the original article and link to the book.

Guy's Take #40 on Wittgenstein's Money - https://open.spotify.com/episode/4iV3dHews5xH1HUO9h96Nw?si=0a5cf00632d243e8 Bitcoin is Venice - https://www.amazon.com/Bitcoin-Venice-Essays-Future-Capitalism/dp/B09TTTGT11/

Check out our amazing sponsors and the products that Guy uses most in the space: • Join us and the Swan Bitcoin team at the Pacific Bitcoin Conference in November! Get your tickets now, 20% off with code BITCOINAUDIBLE (https://www.pacificbitcoin.com/) • The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (swanbitcoin.com/guy) • Dive into the Bitcoin only wallet, the cypherpunk calculator, and a company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 5% off everything in the store! (guyswann.com/coldcard) • Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 5,000 FREE SATS at (guyswann.com/fold) Learn more about your ad choices. Visit megaphone.fm/adchoices

None

"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 political nature of money controlled by a singular geopolitical hegemon." - Spencer Nichols

It's time to read another piece that soundly smashes the uninformed ESG narratives attacking Bitcoin. Its hard to fathom the degree of intellectual laziness from some of these publications and "experts," but nonetheless its all there for us to witness. Spencer does a great job in tearing it down by hitting a strong foundation on how we got here from the fundamentals of monetary history, and then goes through the major misconceptions touted by the establishment. Don't miss this one!

Check out the original article at the link below: https://bitcoinmagazine.com/print/how-to-guide-debunking-esg

Check out our amazing sponsors and the products that Guy uses most in the space: • Dive into the Bitcoin only wallet, the cypherpunk calculator, and a company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 5% off everything in the store! (guyswann.com/coldcard) • Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 5,000 FREE SATS at (guyswann.com/fold) • Join us and the Swan Bitcoin team at the Pacific Bitcoin Conference in November! Get your tickets now, 20% off with code BITCOINAUDIBLE (https://www.pacificbitcoin.com/) • The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (swanbitcoin.com/guy) Learn more about your ad choices. Visit megaphone.fm/adchoices

"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 substack we read the opening of the "Proclaim Your Bitcoin" Series. On the nature of man, our unalienable rights, how they have been violated through a corrupt monetary system, and why we proclaim our right to opt out.

Check out the original article at: https://simplybitcoin.substack.com/p/proclaim-your-bitcoin-part-one?sd=pf

Noted links from the read: The Price of Tomorrow: https://thepriceoftomorrow.com/ The Fiat Standard: https://saifedean.com/the-fiat-standard/

Check out our amazing sponsors and the products that Guy uses most in the space: • Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 5,000 FREE SATS at (guyswann.com/fold) • Join us and the Swan Bitcoin team at the Pacific Bitcoin Conference in November! Get your tickets now, 20% off with code BITCOINAUDIBLE (https://www.pacificbitcoin.com/) • The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (swanbitcoin.com/guy) • Dive into the Bitcoin only wallet, the cypherpunk calculator, and a company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 5% off everything in the store! (guyswann.com/coldcard) Learn more about your ad choices. Visit megaphone.fm/adchoices

"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” family): we haven’t detected alien civilizations because we only just built bitcoin." - Dhruv Bansal

Today we conclude the fascinating Bitcoin Astronomy Series with the second half of Part 3, The Third Law of Bitcoin Astronomy. Below is the LINK TO THE FIRST HALF IF YOU MISSED IT! You will likely have no idea what is going on otherwise. Also links to Parts I and II of the series are below as we extend the concepts of the Hash Horizon and the scale of blockchains needed to bridge a civilization that spans a solar system and beyond. With that, let's dive back into The Third Law...

LISTEN TO THE FIRST HALF: https://open.spotify.com/episode/4jTr1Nadq5dtiQUs7UvJzz?si=4f11eb77e58e4ff5

Links to the original article at the Unchained Capital blog as well as the first 2 parts below: Part I: https://open.spotify.com/episode/4F9cNWswfA0MifloQsIo8R?si=d87751e8ad864e1b Part II: https://open.spotify.com/episode/3uKiXD8MZImtGUhJBkpzHg?si=75e370306bef4d8f Part III: https://unchained.com/blog/bitcoin-astronomy-part-iii/

A few other great works mentioned in the Guy's Take: Quittem's Bitcoin is a Pioneer Species: https://open.spotify.com/episode/0n4BDOodSPaIB5HpksnJOT?si=7b9ff43f66ed4953 Bitcoin is Element Zero by Ioni Appelberg: https://www.youtube.com/watch?v=12zBLvoVRFQ&t=0s

Check out our amazing sponsors and the products that Guy uses most in the space: • Join us and the Swan Bitcoin team at the Pacific Bitcoin Conference in November! Get your tickets now, 20% off with code BITCOINAUDIBLE (https://www.pacificbitcoin.com/) • The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (swanbitcoin.com/guy) • Dive into the Bitcoin only wallet, the cypherpunk calculator, and a company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 5% off everything in the store! (guyswann.com/coldcard) • Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 5,000 FREE SATS at (guyswann.com/fold) Learn more about your ad choices. Visit megaphone.fm/adchoices

"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 hit the first half of Part 3, The Third Law of Bitcoin Astronomy by the always thought provoking author Dhruv Bansal. Links to Parts I and II are below as we extend the concepts of the Hash Horizon and the scale of blockchains needed to bridge a civilization that spans a solar system and beyond. In Part III, we explore the possibilities of a first encounter with the blockchains of an alien civilization...

Links to the original article at the Unchained Capital blog as well as the first 2 parts below: Part I: https://open.spotify.com/episode/4F9cNWswfA0MifloQsIo8R?si=d87751e8ad864e1b Part II: https://open.spotify.com/episode/3uKiXD8MZImtGUhJBkpzHg?si=75e370306bef4d8f Part III: https://unchained.com/blog/bitcoin-astronomy-part-iii/

A few other great works mentioned in the Guy's Take: Quittem's Bitcoin Mycelium Series: https://open.spotify.com/episode/7wGmCoQ6Z1ZpeP7ruZKPgV?si=4d87320166974b43 Bitcoin is Element Zero by Ioni Appelberg: https://www.youtube.com/watch?v=12zBLvoVRFQ&t=0s

Check out our amazing sponsors and the products that Guy uses most in the space: • Dive into the Bitcoin only wallet, the cypherpunk calculator, and a company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 5% off everything in the store! (guyswann.com/coldcard) • Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 5,000 FREE SATS at (guyswann.com/fold) • COME HANG OUT! Join us and the Swan Bitcoin team at the Pacific Bitcoin Conference in November! Get your tickets now, 10% off with code BITOCINAUDIBLE (https://www.pacificbitcoin.com/) • The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (swanbitcoin.com/guy) Learn more about your ad choices. Visit megaphone.fm/adchoices

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 Guy's Take at the links below: Dergigi's "Bitcoin is Digital Scarcity" Trent's "Five Examples of Bitcoin's Real World Utility" Nick Szabo's "Shelling Out - The Origins of Money"

Check out our amazing sponsors and the products that Guy uses most in the space: • Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 5,000 FREE SATS at (guyswann.com/fold) • COME HANG OUT! Join us and the Swan Bitcoin team at the Pacific Bitcoin Conference in November! Get your tickets now, 10% off with code BITOCINAUDIBLE (https://www.pacificbitcoin.com/) • The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (swanbitcoin.com/guy) • Dive into the Bitcoin only wallet, the cypherpunk calculator, and a company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 5% off everything in the store! (guyswann.com/coldcard) Learn more about your ad choices. Visit megaphone.fm/adchoices

"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 social truths, we require systems or institutions that withstand attempts at coercion and which tap into decentralized discovery. Martial arts are a fitting case study, and an encouraging allegory for all that follows. A few decades ago, they were under the grip of bullshitting coercion. Today, they are thriving under a marketplace of ideas." - Allen & Sacha

In another piece from Bitcoin Magazine and returning authors Allen Farrington & Sacha Meyers we get an exploration of the mixed martial arts and how in recent decades it has been thrust into a world of discovery and competition. No longer constrained by the strict rules of authority and claims of superiority, but open to a marketplace of ideas where the truth is verified, not trusted. One of the amazing pieces from the book by the same authors, a must have for every Bitcoiner, Bitcoin is Venice.

Find the original article and numerous other amazing works both from these authors and at Bitcoin Magazine at the link below: https://bitcoinmagazine.com/culture/bitcoin-and-the-truth-of-mixed-martial-arts

Check out our amazing sponsors and the products that Guy uses most in the space: • COME HANG OUT! Join us and the Swan Bitcoin team at the Pacific Bitcoin Conference in November! Get your tickets now, 10% off with code BITOCINAUDIBLE (https://www.pacificbitcoin.com/) • The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (swanbitcoin.com/guy) • Dive into the Bitcoin only wallet, the cypherpunk calculator, and a company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 5% off everything in the store! (guyswann.com/coldcard) • Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 5,000 FREE SATS at (guyswann.com/fold) Learn more about your ad choices. Visit megaphone.fm/adchoices

"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 (on the show) author Trent Dudenhoeffer on the concrete, real world examples of the powerful utility to Bitcoin and a monetary system built on top of it. Five real world examples to be exact, and the incredible implications of their truth. A great one today with a really fun Guy's Take. Let's jump in. • Check out the original article at the link below, plus tons of other great stuff recently published on Bitcoin Magazine: https://bitcoinmagazine.com/culture/five-examples-of-bitcoins-real-world-utility • The article linked in the read digging further into the Bitcoin and energy grid dynamic and how powerful that element can be: https://bitcoinmagazine.com/culture/how-bitcoin-mining-strengthens-electricity-grids • The Last Word on Bitcoin's Energy Consumption by Nic Carter: https://open.spotify.com/episode/2LtVxQvNzuEkjS9mBgNJeO?si=Xna8waAEQdyKaKkWXbUCcw

Check you Financial Privilege: https://www.audible.com/pd/Check-Your-Financial-Privilege-Audiobook/B0B9T6BJC4?ref=web_search_eac_asin_1&qid=2zUMC9QRyD&sr=1-1

LASTLY! Check out our amazing sponsors and the products that Guy uses most in the space: • Dive into the Bitcoin only wallet, the cypherpunk calculator, and a company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 5% off everything in the store! (guyswann.com/coldcard) • COME HANG OUT! Join us and the Swan Bitcoin team at the Pacific Bitcoin Conference in November! Get your tickets now, 10% off with code BITOCINAUDIBLE (https://www.pacificbitcoin.com/) • The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (swanbitcoin.com/guy) • Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 5,000 FREE SATS at (guyswann.com/fold) Learn more about your ad choices. Visit megaphone.fm/adchoices

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 excellent show that has been blowing up in the liberty space: https://libertylockdownpodcast.com/ https://twitter.com/LibertyLockPod

Check out our amazing sponsors and the products that Guy uses most in the space: • Dive into the Bitcoin only wallet, the cypherpunk calculator, and a company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 5% off everything in the store! (guyswann.com/coldcard) • COME HANG OUT! Join us and the Swan Bitcoin team at the Pacific Bitcoin Conference in November! Get your tickets now, 10% off with code BITOCINAUDIBLE (https://www.pacificbitcoin.com/) • The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (swanbitcoin.com/guy) • Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 5,000 FREE SATS at (guyswann.com/fold) Learn more about your ad choices. Visit megaphone.fm/adchoices

"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 this incredible piece from DerGigi, another chapter released from his forthcoming book 21 Ways, Bitcoin is Digital Scarcity. On the ideas that define Bitcoin and why fiat, CBDCs, Linden dollars, and World of Warcraft gold are virtual money that is also digital, but Bitcoin is the first digital money that is actually real. Protected by the inescapable reality of computation. Don't miss this one

Check out the original article at the link below, plus tons of other great works from Gigi https://dergigi.com/2022/10/02/bitcoin-is-digital-scarcity/

Check out our amazing sponsors and the products that Guy uses most in the space: • COME HANG OUT! Join us and the Swan Bitcoin team at the Pacific Bitcoin Conference in November! Get your tickets now, 10% off with code BITOCINAUDIBLE (https://www.pacificbitcoin.com/) • The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (swanbitcoin.com/guy) • Dive into the Bitcoin only wallet, the cypherpunk calculator, and a company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 5% off everything in the store! (guyswann.com/coldcard) • Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 5,000 FREE SATS at (guyswann.com/fold) Learn more about your ad choices. Visit megaphone.fm/adchoices

"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 little read and a Guy's Take that will kick off the week. Check out the original and look into the incredible things Paolo is working toward at the below links. Article: https://bitcoinmagazine.com/culture/bitcoin-adoption-freedom-via-lightning Chat 71 with Paolo & Matthias: https://open.spotify.com/episode/3GnrHfuMBEzqFRfxlXRZWf?si=5e5ef3f7a6844579 Plus the various amazing products: Synonym.to, Keet.io, & Holepunch.io

Check out the tapsigner & coldcard combo in action with Nunchuk in the video mentioned in the Guy's Take: https://twitter.com/nunchuk_io/status/1574977342698496000

Check out our amazing sponsors and the products that Guy uses most in the space: • Dive into the Bitcoin only wallet, the cypherpunk calculator, and a company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 5% off everything in the store! (guyswann.com/coldcard) • Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 20% OFF with code BITCOINAUDIBLE (guyswann.com/fold) • The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (swanbitcoin.com/guy) • COME HANG OUT! Join us and the Swan Bitcoin team at the Pacific Bitcoin Conference in November! Get your tickets now, 10% off with code BITOCINAUDIBLE (https://www.pacificbitcoin.com/) Learn more about your ad choices. Visit megaphone.fm/adchoices

"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 & economically unstable world, as a radically neutral global means of settlement between major business and financial entities? Find out in another great piece by Shinobi, on why SWIFT is actually the entity that should be most afraid, not VISA. Check out the original article for more by Shinobi and tons of great news and analysis at Bitcoin Magazine: https://bitcoinmagazine.com/business/bitcoin-will-replace-swift-before-visa

Check out our amazing sponsors and the products that Guy uses most in the space: • Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 20% OFF with code BITCOINAUDIBLE (guyswann.com/fold) • The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (swanbitcoin.com/guy) • COME HANG OUT! Join us and the Swan Bitcoin team at the Pacific Bitcoin Conference in November! Get your tickets now, 10% off with code BITOCINAUDIBLE (https://www.pacificbitcoin.com/) • Dive into the Bitcoin only wallet, the cypherpunk calculator, and a company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 5% off everything in the store! (guyswann.com/coldcard) Learn more about your ad choices. Visit megaphone.fm/adchoices

"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 preach the virtues of inflation" - Kyle Ward

The propaganda around deflation must be a special beast in order to drive normal people to argue that things getting cheaper is bad for them. What could drive such an absurd idea so aggressively and is it a big conspiracy, or a simple set of fundamental incentives gone awry. Today we read an excellent short piece from the insane resource at Mises.org by author Kyle Ward, on deflation and the horrifying experience of the ever falling price of TVs.

Check out the original at the link below, plus tons of other gold on the economic realities of our time: https://mises.org/wire/price-deflation-and-horrors-falling-tv-prices

Check out our amazing sponsors and the products that Guy uses most in the space: • The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (swanbitcoin.com/guy) • COME HANG OUT! Join us and the Swan Bitcoin team at the Pacific Bitcoin Conference in November! Get your tickets now, 10% off with code BITOCINAUDIBLE (https://www.pacificbitcoin.com/) • Dive into the Bitcoin only wallet, the cypherpunk calculator, and a company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 5% off everything in the store! (guyswann.com/coldcard) • Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 20% OFF with code BITCOINAUDIBLE (guyswann.com/fold) Learn more about your ad choices. Visit megaphone.fm/adchoices

"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 these rare and valuable items to new investors? Or are they largely a new take on the same old rent seeking behavior with no added value, and a major misunderstanding of the world we are head into? Don't miss this succinct article from Niko Jilch arguing why we will not, in fact, be "tokenizing everything." Check out the original article on Niko's substack plus his other great writing at the link below: https://fixthemoney.substack.com/p/no-we-are-not-going-to-tokenize-everything

Check out our amazing sponsors and the products that Guy uses most in the space: • Dive into the Bitcoin only wallet, the cypherpunk calculator, and a company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 5% off everything in the store! (guyswann.com/coldcard) • Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 20% OFF with code BITCOINAUDIBLE (guyswann.com/fold) • The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (swanbitcoin.com/guy) • COME HANG OUT! Join us and the Swan Bitcoin team at the Pacific Bitcoin Conference in November! Get your tickets now, 10% off with code BITOCINAUDIBLE (https://www.pacificbitcoin.com/) Learn more about your ad choices. Visit megaphone.fm/adchoices

"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 questions that have even sparked deep personal journeys. But how could a simple computer network have such an impact on the individual? How could someone think of Bitcoin, as inspiring a spiritual awakening? Tomer bring us an exploration of how Bitcoin changes who we are and forces us to look inward for new answers to questions that so many thought answered.

The Legendary Treasure of Satoshi Nakamoto - Drop some applause on the original article

Check out our amazing sponsors and the products that Guy uses most in the space: • Stop doing fiat the sad way, and start doing it the Fold way. Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 20% OFF with code BITCOINAUDIBLE (guyswann.com/fold) • The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (swanbitcoin.com/guy) • COME HANG OUT! Join us and the Swan Bitcoin team at the Pacific Bitcoin Conference in November! Get your tickets now, 10% off with code BITOCINAUDIBLE (https://www.pacificbitcoin.com/) • Dive into the Bitcoin only wallet, the cypherpunk calculator, and a company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 5% off everything in the store! (guyswann.com/coldcard) Learn more about your ad choices. Visit megaphone.fm/adchoices

"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 by the establishment, Bitcoin is a declaration of independence from it.

The other episodes mentioned for diving deeper into this topic: • My Path to Bitcoin Maximalism (by Sessions) • How to Be a Bitcoin Maximalist (Pete Rizzo) • Setting the Record Straight (Nic Carter)

Check out our amazing sponsors and the products that Guy uses most in the space: • The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (swanbitcoin.com/guy) • COME HANG OUT! Join us and the Swan Bitcoin team at the Pacific Bitcoin Conference in November! Get your tickets now, 10% off with code BITOCINAUDIBLE (https://www.pacificbitcoin.com/) • Dive into the Bitcoin only wallet, the cypherpunk calculator, and a company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 5% off everything in the store! (guyswann.com/coldcard) • Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 20% OFF with code BITCOINAUDIBLE (guyswann.com/fold) Learn more about your ad choices. Visit megaphone.fm/adchoices

"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 contains more work, then Y is the correct blockchain. A block’s header can prove its own worth, completely removing the need for trust." - Scott Sullivan

With "The Merge" on everyone's mind, going through the specific mechanisms that make Proof of Stake "work" can be a very useful exercise. Especially when considering how things can go wrong, and where there is ultimately subjectivity in the consensus mechanism that sheds light on how certain disputes would fall in the politically tumultuous world we live in today. It isn't just that PoS is different than PoW, it's that many of their core principles are polar opposites of each other, and therefore they cannot accomplish the same goal. This piece by first time author on the show, Scott Sullivan, is an excellent breakdown of the inner workings of the ETH Proof-of-stake design, and will provide a solid foundation for the discussion of why I am Bitocin only in tomorrow's Guy's Take. Don't miss it Check out the original on Scott's Substack at the link below: https://scottmsul.substack.com/p/a-bitcoiners-guide-to-proof-of-stake

Other articles linked to for digging deeper into this topic: Ethereum is a Dark Forest: https://www.paradigm.xyz/2020/08/ethereum-is-a-dark-forest Proof of Stake and Weak Subjectivity: https://blog.ethereum.org/2014/11/25/proof-stake-learned-love-weak-subjectivity The Case for Social Slashing: https://ercwl.medium.com/the-case-for-social-slashing-59277ff4d9c7

Check out our amazing sponsors and the products that Guy uses most in the space: • Dive into the Bitcoin only wallet, the cypherpunk calculator, and a company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 5% off everything in the store! (guyswann.com/coldcard) • Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 20% OFF with code BITCOINAUDIBLE (guyswann.com/fold) • The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (swanbitcoin.com/guy) • COME HANG OUT! Join us and the Swan Bitcoin team at the Pacific Bitcoin Conference in November! Get your tickets now, 10% off with code BITOCINAUDIBLE (https://www.pacificbitcoin.com/) Learn more about your ad choices. Visit megaphone.fm/adchoices

"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. How on earth do you find the signal in a world just consumed with noise? And not only that, why has everything gotten so noisy? What has led to the polarization, distrust, group bias, & breakdown of institutions in our modern world, and is there any way to fix it? Booth does an excellent job in today's piece in making sense of our current world, with a little hope for our Bitcoin future. Don't miss it. Check out the original article to drop applause or explore many of the additional links to dive deeper into the content: https://medium.com/@JeffBooth/finding-signal-in-a-noisy-world-57497df06a35 Links to the other piece recommended by Jeff Booth at the bottom of his article above: • Bitcoin Energy Use is not a Problem, Here's Why https://open.spotify.com/episode/6dX8j22Mdg2Q7UgoNXMY6P?si=6dbc94969b1a4a2d • Bitcoin is Time https://open.spotify.com/episode/1BJ06LXnOHZxAgUrzC3hLd?si=d578e6544cf14ff9

Check out our amazing sponsors and the products that Guy uses most in the space: • Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 20% OFF with code BITCOINAUDIBLE (guyswann.com/fold) • The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (swanbitcoin.com/guy) • COME HANG OUT! Join us and the Swan Bitcoin team at the Pacific Bitcoin Conference in November! Get your tickets now, 10% off with code BITOCINAUDIBLE (https://www.pacificbitcoin.com/) • Dive into the Bitcoin only wallet, the cypherpunk calculator, and a company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 5% off everything in the store! (guyswann.com/coldcard) Learn more about your ad choices. Visit megaphone.fm/adchoices

"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 maximalist ideal, and self proclaimed Bitcoin maximalists? For a fair shake on the topic after covering Rizzo's recent article, let's hear Nic's take on maximalism. https://medium.com/@nic__carter/setting-the-record-straight-b4e1b415e7d9

Check out our amazing sponsors and the products that Guy uses most in the space: • The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (swanbitcoin.com/guy) • COME HANG OUT! Join us and the Swan Bitcoin team at the Pacific Bitcoin Conference in November! Get your tickets now, 10% off with code BITOCINAUDIBLE (https://www.pacificbitcoin.com/) • Dive into the Bitcoin only wallet, the cypherpunk calculator, and a company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 5% off everything in the store! (guyswann.com/coldcard) • Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 20% OFF with code BITCOINAUDIBLE (guyswann.com/fold) Learn more about your ad choices. Visit megaphone.fm/adchoices

"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 places on earth that can benefit as greatly as Africa. Charlene Fadirepo, co-author of "Bitcoin and the American Dream" brings us a great little piece on Bitcoin Magazine about the promise of Bitcoin in Africa.

Check out the original article below, as well as Charlene's video podcast covering what is happening in the Bitcoin world throughout Africa with the Bitcoin in Nigeria Podcast: https://bitcoinmagazine.com/business/path-to-a-bitcoin-standard-in-africa?utm_source=Bitcoin+Magazine&utm_campaign=52d1eb101d-&utm_medium=email&utm_term=0_f7d45fbb67-52d1eb101d-356243111&mc_cid=52d1eb101d Bitcoin in Nigeria - Expanding the Narrative: https://open.spotify.com/show/3mTQg1bdR6q9gYIlSG9Y96?si=4f9738aec6fa491c

Check out our amazing sponsors and the products that Guy uses most in the space: • Dive into the Bitcoin only wallet, the cypherpunk calculator, and a company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 5% off everything in the store! (guyswann.com/coldcard) • The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (swanbitcoin.com/guy) • COME HANG OUT! Join us and the Swan Bitcoin team at the Pacific Bitcoin Conference in November! Get your tickets now, 10% off with code BITOCINAUDIBLE (https://www.pacificbitcoin.com/) • Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 20% OFF with code BITCOINAUDIBLE (guyswann.com/fold) Learn more about your ad choices. Visit megaphone.fm/adchoices

"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, is it just a group of arrogant, stubborn bullies on Twitter, or is it a set of principles around the defense and expansion of the Bitcoin only ecosystem? And how do we separate the ideology, from its self proclaimed proponents when they differ in practice? Rizzo covers this and more in a Forbes article on "How to Be a Bitcoin Maximalist." Don't miss it!

Check out the original article at the link below, plus follow Rizzo on Twitter for tons of other great work: https://www.forbes.com/sites/peterizzo/2022/08/25/how-to-be-a-bitcoin-maximalist/?sh=3eaab2007036

Check out our amazing sponsors and the products that Guy uses most in the space: • The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (swanbitcoin.com/guy) • COME HANG OUT! Join us and the Swan Bitcoin team at the Pacific Bitcoin Conference in November! Get your tickets now, 10% off with code BITOCINAUDIBLE (https://www.pacificbitcoin.com/) • Dive into the Bitcoin only wallet, the cypherpunk calculator, and a company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 5% off everything in the store! (guyswann.com/coldcard) • Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 20% OFF with code BITCOINAUDIBLE (guyswann.com/fold) Learn more about your ad choices. Visit megaphone.fm/adchoices

"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 Bitcoin network), Bitcoin mining becomes a tool to arbitrage production times and smooth energy demand across the peaks and troughs around both production and consumption. Zack Voell brings an excellent short article with BitcoinMagazine that breaks down how!

Check out the article plus links to lots of other discussion and related works at the link below: https://bitcoinmagazine.com/business/intermittent-bitcoin-mining-fixes-energy

Check out our amazing sponsors and the products that Guy uses most in the space: • The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (swanbitcoin.com/guy) • COME HANG OUT! Join us and the Swan Bitcoin team at the Pacific Bitcoin Conference in November! Get your tickets now, 10% off with code BITOCINAUDIBLE (https://www.pacificbitcoin.com/) • Dive into the Bitcoin only wallet, the cypherpunk calculator, and a company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 5% off everything in the store! (guyswann.com/coldcard) • Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 20% OFF with code BITCOINAUDIBLE (guyswann.com/fold) Learn more about your ad choices. Visit megaphone.fm/adchoices

"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 perspective on history that sheds light on what is happening today. By showing how physical terrain kept the power of the state in check for thousands of years, Captain Sidd expands on the analogy to propose a technology today, that creates that same resistance to state power, in the digital space. Don't miss today's episode to bring a light to our shifting world. Link to the original article below: https://bitcoinmagazine.com/culture/bitcoin-is-the-hills And don't forget to check out James C Scott's book, "The Art of Not Being Governed."

Check out our amazing sponsors and the products that Guy uses most in the space: • Dive into the Bitcoin only wallet, the cypherpunk calculator, and a company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 5% off everything in the store! (guyswann.com/coldcard) • The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (swanbitcoin.com/guy) COME HANG OUT! Join us and the Swan Bitcoin team at the Pacific Bitcoin Conference in November! Get your tickets now, 10% off with code BITOCINAUDIBLE (https://www.pacificbitcoin.com/) • Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 20% OFF with code BITCOINAUDIBLE (guyswann.com/fold) Learn more about your ad choices. Visit megaphone.fm/adchoices

"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

Today we hit a short, but important piece from the Bitcoin Reserve blog that breaks down the context of decentralization, which is what truly matters. There are all types of things we can arbitrarily decentralize, elements of the network, codebase, implementations, etc. But all of these things are secondary to the most critical decentralization, the one that matters, and the one that represents a once-in-a-millenia innovation that will change everything. Without that critical pillar, the decentralization of literally everything else is irrelevant... listen to find out.

Link to the original article to check it out, dig deeper into the topics, or read the many other great pieces at Bitcoin reserve: https://bitcoinreserve.com/blog/understanding-decentralization-in-bitcoin#

Link to Arman's piece on why you should run a node: https://armantheparman.com/why-should-you-run-your-own-bitcoin-node/

Link to the most important history lesson in Bitcoin: https://www.audible.com/pd/The-Blocksize-War-Audiobook/B096CNVVQC?qid=1661901093&sr=1-1&ref=a_search_c3_lProduct_1_1&pf_rd_p=83218cca-c308-412f-bfcf-90198b687a2f&pf_rd_r=R8K45E4E7Q0D0R8TTHCF

Check out our amazing sponsors and the products that Guy uses most in the space: • The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (swanbitcoin.com/guy) COME HANG OUT! Join us and the Swan Bitcoin team at the Pacific Bitcoin Conference in November! Get your tickets now, 10% off with code BITOCINAUDIBLE (https://www.pacificbitcoin.com/) • Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 20% OFF with code BITCOINAUDIBLE (guyswann.com/fold) • Dive into the Bitcoin only wallet, the cypherpunk calculator, and a company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 5% off everything in the store! (guyswann.com/coldcard) Learn more about your ad choices. Visit megaphone.fm/adchoices

"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 of Lyn Alden's incredible piece detailing the philosophy of engineering that informed the layered approach, how the lightning network works, what the future of the lightning network may hold, and answering some common criticisms of the Lightning protocol. If you haven't heard or read this one, it is not to be missed. Enjoy.

Check out the original article plus the incredible library of material authored by Lyn on her blog below: https://www.lynalden.com/lightning-network/#layers

Check out our amazing sponsors and the products that Guy uses most in the space: • The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (swanbitcoin.com/guy) COME HANG OUT! Join us and the Swan Bitcoin team at the Pacific Bitcoin Conference in November! Get your tickets now, 10% off with code BITOCINAUDIBLE (https://www.pacificbitcoin.com/) • Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 20% OFF with code BITCOINAUDIBLE (guyswann.com/fold) • Dive into the Bitcoin only wallet, the cypherpunk calculator, and a company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 5% off everything in the store! Coinkite.com Learn more about your ad choices. Visit megaphone.fm/adchoices

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 miss this really fun conversation.

Check out the awesome book and get your copy below: https://www.uncommunist.com/optin1642549665295

Follow our guests on Twitter to stay up on what the work & content they produce, and the fire they spit on Twitter: https://twitter.com/1markmoss https://twitter.com/SvetskiWrites https://twitter.com/agoristview

Check out our amazing sponsors and the products that Guy uses most in the space: • The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (swanbitcoin.com/guy) COME HANG OUT! Join us and the Swan Bitcoin team at the Pacific Bitcoin Conference in November! Get your tickets now, 10% off with code BITOCINAUDIBLE (https://www.pacificbitcoin.com/) • Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 20% OFF with code BITCOINAUDIBLE (guyswann.com/fold) • Dive into the Bitcoin only wallet, the cypherpunk calculator, and a company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 5% off everything in the store! Coinkite.com Learn more about your ad choices. Visit megaphone.fm/adchoices

"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 manner of individual hardware electronic devices became mostly-obsolete as they became applications on a smart phone. I view the Bitcoin/Lightning stack as being similar. The network is still tiny and has a lot of development work still to do, and nothing is for certain. But to me it looks like a powerful monetary network with a ton of upside potential over the next decade." - Lyn Alden

We are diving into the third and final part of "A Look at the Lightning Network" by Lyn Alden. This will round out a lot of what the future of lightning may hold, how it is being developed and its process of growth, and answering some of the both valid and the deeply misguided criticisms of the network. Most of which that come from the crypto space, where so many projects' very reason for existence depends on Lightning Network not working. We get into all of it, in Part 3. If you haven't yet go back and listen to Part 1 and 2, or you are going to be lost, I warned you. Otherwise, enjoy!

Link to the original article and the Swan Bitcoin blog for tons of other great reading: https://www.swanbitcoin.com/a-look-at-the-lightning-network/ Check out Tony's incredible work on Lightning Network privacy, its trade offs, and future potential: https://open.spotify.com/episode/1zQxG69Ynm6Ic18SPDwg5h?si=5ba220e79e6c4954

Check out our amazing sponsors and the products that Guy uses most in the space: • The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (swanbitcoin.com/guy) COME HANG OUT! Join us and the Swan Bitcoin team at the Pacific Bitcoin Conference in November! Get your tickets now, 10% off with code BITOCINAUDIBLE (https://www.pacificbitcoin.com/) • Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 20% OFF with code BITCOINAUDIBLE (guyswann.com/fold) • Dive into the Bitcoin only wallet, the cypherpunk calculator, and a company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 5% off everything in the store! Coinkite.com Learn more about your ad choices. Visit megaphone.fm/adchoices

"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 Lightning Network" - and we have a rather ridiculous Guy's Take after this to cover the rest of the groundwork laid in Part 1 that I didn't get to cover, a lengthy tangent about proof of stake and the total meaningful loss of anything considered independence or decentralization of ETH 2.0 before the merge even happened (that I hadn't actually intended to get into, but you'll get it anyway), and of course, Lyn's amazing breakdown of the trade-offs, the philosophical reasons & practical reasons for layered engineering, and how Lightning is fulfilling the promises of P2P electronic cash. All this in today's episode - get ready

Link to the original article and the Swan Bitcoin blog for tons of other great reading: https://www.swanbitcoin.com/a-look-at-the-lightning-network/ The audiobook for Check Your Financial Privilege is now available and covers in depth many of the human rights struggles mentioned by Lyn Alden in this piece: https://www.audible.com/pd/Check-Your-Financial-Privilege-Audiobook/B0B9T6BJC4 And the audio for Allen Farrington's "Wittgenstein's Money" on experiencing the monetization of a truly new monetary good: https://open.spotify.com/episode/1eVvYlfTRG7zGjkZW8klIE?si=db628c9e11b744f1

Check out our amazing sponsors and the products that Guy uses most in the space: • The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (swanbitcoin.com/guy) COME HANG OUT! Join us and the Swan Bitcoin team at the Pacific Bitcoin Conference in November! Get your tickets now, 10% off with code BITOCINAUDIBLE (https://www.pacificbitcoin.com/) • Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 20% OFF with code BITCOINAUDIBLE (guyswann.com/fold) • Dive into the Bitcoin only wallet, the cypherpunk calculator, and a company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 5% off everything in the store! Coinkite.com Learn more about your ad choices. Visit megaphone.fm/adchoices

"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 from secure store of value, to global medium of exchange. Lyn takes us through a brief history in the context of Bitcoin's success and trade offs, to the merit of its scaling philosophy, how the Lightning Network accomplishes that and what it means for Bitcoin's present and future. We will try to get through this in 3 parts, starting today with Part 1, of "A Look at the Lightning Network."

Link to the original article and the Swan Bitcoin blog for tons of other great reading: https://www.swanbitcoin.com/a-look-at-the-lightning-network/ The audiobook for Check Your Financial Privilege is now available and covers in depth many of the human rights struggles mentioned by Lyn Alden in this piece: https://www.audible.com/pd/Check-Your-Financial-Privilege-Audiobook/B0B9T6BJC4 And the audio for Allen Farrington's "Wittgenstein's Money" on experiencing the monetization of a truly new monetary good: https://open.spotify.com/episode/1eVvYlfTRG7zGjkZW8klIE?si=db628c9e11b744f1

Check out our amazing sponsors and the products that Guy uses most in the space: • The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (swanbitcoin.com/guy) • Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 20% OFF with code BITCOINAUDIBLE (guyswann.com/fold) • Dive into the Bitcoin only wallet, the cypherpunk calculator, and a company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 5% off everything in the store! Coinkite.com Learn more about your ad choices. Visit megaphone.fm/adchoices

"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 price level of all consumer goods? Or does it means it will adjust to the monetary supply and interest rate, and if so, what does either mean for Bitcoin going forward? If you ever heard the criticism that Bitcoin has failed as an inflation hedge, this is a read you don't want to miss.

Link to the original article plus tons of other great stuff at the SwanBitcoin blog and newsletter: https://www.swanbitcoin.com/bitcoin-and-the-true-meaning-of-inflation/

Don't miss the PACIFIC BITCOIN CONFERENCE from the Swan Bitcoin team! We are going to have a blast in LA in November and I hope to see you guys there. Don't forget to grab 10% OFF with Discount Code BITCOINAUDIBLE at pacificbitcoin.com

Check out our amazing sponsors and the products that Guy uses most in the space: • The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (swanbitcoin.com/guy) • Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 20% OFF with code BITCOINAUDIBLE (guyswann.com/fold) • Dive into the Bitcoin only wallet, the cypherpunk calculator, and a company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 5% off everything in the store! Coinkite.com Learn more about your ad choices. Visit megaphone.fm/adchoices

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 Shitcoin Insider!

Check out our amazing sponsors and the products that Guy uses most in the space: • The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (swanbitcoin.com/guy) • Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 20% OFF with code BITCOINAUDIBLE (guyswann.com/fold) • Dive into the Bitcoin only wallet, the cypherpunk calculator, and a company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 5% off everything in the store! Coinkite.com Learn more about your ad choices. Visit megaphone.fm/adchoices

"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 their failure to understand what creates value, I think it shows Noahpinion's own misconceptions when he incorrectly applies some of the common crypto fallacies to Bitcoin, without understanding the deeper arguments, behind the more popular, & simplistic taglines that make their way across the social landscape.

So in the most Guy Rant filled episode I've done in ages, we dive into the Misconceptions in Noahpinion's Crypto Misconceptions. Why savers aren't rent seekers, but money printers are rent seekers of the worst magnitude.

Pieces mentioned in the article for further reading or listening: The Yield From Money Held, Reconsidered: https://bitcoinaudible.com/the-yield-from-money-held-reconsidered/ The 7th Property (Eric Yakes): https://www.amazon.com/7th-Property-Bitcoin-Monetary-Revolution/dp/0578902621 First Impressions of Web3: https://open.spotify.com/episode/7D4UD3n3H2mflqkVNnVczj?si=10ccd7de3c7a4e85

Check out our amazing sponsors and the products that Guy uses most in the space: • Dive into the Bitcoin only wallet, the cypherpunk calculator, and a company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 5% off everything in the store! Coinkite.com • The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (swanbitcoin.com/guy) • Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 20% OFF with code BITCOINAUDIBLE (guyswann.com/fold) Learn more about your ad choices. Visit megaphone.fm/adchoices

The 7th Property: Bitcoin and the Monetary Revolution

"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 unforgiving nature of the Bitcoin system is intimidating to new users who can find themselves trusting a custodian, out of fear of making a mistake when holding their own keys. Block, Inc is thinking about this problem in unique ways to bring self custody to the average user, and leveraging Bitcoin's tools to accomplish it.

Check out the original article that includes links for diving deeper and following or contacting the team on social media to learn more. If you have any thoughts on the questions proposed at the end of the read, be sure to reach out to them. https://wallet.build/losing-your-keys-without-losing-your-coins/

Check out our amazing sponsors and the products that Guy uses most in the space: • The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (swanbitcoin.com/guy) • Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 20% OFF with code BITCOINAUDIBLE (guyswann.com/fold) • Dive into the Bitcoin only wallet, the cypherpunk calculator, and a company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 5% off everything in the store! Coinkite.com Learn more about your ad choices. Visit megaphone.fm/adchoices

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 major platforms. Are they onto something, or is it a pipe dream? Listen to hear what they say in today's chat.

Follow Mathias and Paolo on twitter at the links below to stay up on the projects they are working on, and the many new developments to come: https://twitter.com/mafintosh https://twitter.com/paoloardoino

Check out Keet if you want to explore the potential of this new networking protocol and backend. If you are a developer looking to build on the P2P web, go to their discord link to find out more: https://keet.io/ https://discord.com/invite/holepunch

The Cathedral & the Bazaar: Musings on Linux and Open Source by an Accidental Revolutionary: https://www.amazon.com/Cathedral-Bazaar-Musings-Accidental-Revolutionary/dp/1565927249/ref=sr_1_2?crid=32I7TKBRZH4MT&keywords=cathedral+bazaar&qid=1659981647&sprefix=%2Caps%2C69&sr=8-2)

Check out our amazing sponsors and the products that Guy uses most in the space: • The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (swanbitcoin.com/guy) • Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 20% OFF with code BITCOINAUDIBLE (guyswann.com/fold) • Dive into the Bitcoin only wallet, the cypherpunk calculator, and a company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 5% off everything in the store! Coinkite.com Learn more about your ad choices. Visit megaphone.fm/adchoices

The Cathedral & the Bazaar: Musings on Linux and Open Source by an Accidental Revolutionary

"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 brings us a great piece on why Bitcoin is really "responsibility go up" technology.

Check out the original at the link below: https://bitcoinmagazine.com/culture/why-bitcoiners-are-not-utopians

Check out "The UnCommunist Manifesto" by Aleks Svetski and Mark Moss for expanding on these ideas and the contradictions and consequences of ignoring fundamental truths: https://www.amazon.com/dp/B0B837FN63

Check out our amazing sponsors and the products that Guy uses most in the space: • The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (swanbitcoin.com/guy) • Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 20% OFF with code BITCOINAUDIBLE (guyswann.com/fold) • Dive into the Bitcoin only wallet, the cypherpunk calculator, and a company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 5% off everything in the store! Coinkite.com Learn more about your ad choices. Visit megaphone.fm/adchoices

The UnCommunist Manifesto : A Message of Hope, Responsibility and Liberty for All.

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. Explore more with the links below and follow Jared at Get Mash, and Jesse Berger for ongoing developments.

Keep an ear out for the audiobook available very soon!

Check out our amazing sponsors and the products that Guy uses most in the space: • The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (swanbitcoin.com/guy) • Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 20% OFF with code BITCOINAUDIBLE (guyswann.com/fold) • Dive into the Bitcoin only wallet, the cypherpunk calculator, and a company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 5% off everything in the store! Coinkite.com

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"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 drastically impact how we send and receive data, and connect to each other on the internet. If we are to have a true Web3, this might just be a window into what that is going to look like. Not 1,000 bullshit tokens, not a bunch of VC investors and token gambling, but fast, P2P, encrypted, private data sharing. You don't want to miss this episode. Link to the original at Bitcoin Magazine: https://bitcoinmagazine.com/technical/keet-the-decentralized-communications-app

GET YOUR TICKETS FOR PACIFIC BITCOIN! Discount code GUYS gets you 20% off but only until the end of July! https://www.pacificbitcoin.com/

Check out our amazing sponsors and the products that Guy uses most in the space: • The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (swanbitcoin.com/guy) • Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 20% OFF with code BITCOINAUDIBLE (guyswann.com/fold) • Dive into the Bitcoin only wallet, the cypherpunk calculator, and a company that has built secure Bitcoin products for nearly a decade. Coinkite.com Learn more about your ad choices. Visit megaphone.fm/adchoices

"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 excellent breakdown of the question that marks the beginning of the Bitcoin Rabbit Hole, "What is Money, Anyway?"

Link to Lyn Alden's piece and the incredible other work she has on her blog: https://www.lynalden.com/what-is-money/

Check out our amazing sponsors and the products that Guy uses most in the space: • The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (swanbitcoin.com/guy) • Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 20% OFF with code BITCOINAUDIBLE (guyswann.com/fold) • Dive into the Bitcoin only wallet, the cypherpunk calculator, and a company that has built secure Bitcoin products for nearly a decade. Coinkite.com Learn more about your ad choices. Visit megaphone.fm/adchoices

“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 custody system for the Fedimint protocol, raised $4 million recently to bring this technology to market. There are numerous trade offs, but it remains a very unique and fascinating technology to add to the Bitcoin stack. This will act as an introduction to the idea as we dig further into it in future episodes. Enjoy! Check out the original article by Namcios, and on Bitcoin Magazine: https://bitcoinmagazine.com/technical/how-fedimint-scales-bitcoin-custody

Check out Obi's speech from Bitcoin2022, and the Fedi crew getting into the details on TFTC: Bitcoin2022 Obi - https://youtu.be/OwJL0J_nPDE?t=14319 TFTC - https://www.youtube.com/watch?v=b67lfH0SoYY&t=0s

Check out our amazing sponsors and the products that Guy uses most in the space: • The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (swanbitcoin.com/guy) • Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 20% OFF with code BITCOINAUDIBLE (guyswann.com/fold) • Dive into the Bitcoin only wallet, the cypherpunk calculator, and a company that has built secure Bitcoin products for nearly a decade. Coinkite.com

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"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 breakdown of the history and nature of money, and how it enlightens the changing monetary landscape and the rise of digital assets. Check out the tons of great links and other works below to continue down the rabbit hole: Original article: https://www.lynalden.com/what-is-money/ Nick Szabo - Shelling Out: https://bitcoinaudible.com/reboot-shelling-out-the-origins-of-money-nick-szabo/ Wittgenstein's Money: https://open.spotify.com/episode/1eVvYlfTRG7zGjkZW8klIE?si=02d4eaa72fe642c4 Bitcoin First: https://open.spotify.com/episode/2bbmhdkHH1vcM31uo5Mimd?si=1dbebc2c2a9e46a1 Bitcoin Energy Consumption isn't a Problem. Here's Why: https://www.lynalden.com/bitcoin-energy/ Banks, QE, & Money Printing: https://www.lynalden.com/money-printing/

Check out our amazing sponsors and the products that Guy uses most in the space: • The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (swanbitcoin.com/guy) • Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 20% OFF with code BITCOINAUDIBLE (guyswann.com/fold) • Dive into the Bitcoin only wallet, the cypherpunk calculator, and a company that has built secure Bitcoin products for nearly a decade. Coinkite.com Learn more about your ad choices. Visit megaphone.fm/adchoices

"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 was founded. The fiat/petrodollar standard is only four times older than bitcoin, and only two times older than the first internet browser. That’s pretty recent when you think about it like that." - Lyn Alden

Today we hit part 2 of the excellent write up by Lyn Alden breaking down the fundamental nature of money, and how we have found ourselves in this contradictory fiat currency world. This section is amazing and we will be having a follow up to tear into the pages of notes I took while going through this one. Subscribe so you don't miss it!

Link to Lyn Alden's piece and the incredible other work she has on her blog: https://www.lynalden.com/what-is-money/ Other great works to explore: Nick Szabo - Shelling Out: https://bitcoinaudible.com/reboot-shelling-out-the-origins-of-money-nick-szabo/ Wittgenstein's Money: https://open.spotify.com/episode/1eVvYlfTRG7zGjkZW8klIE?si=02d4eaa72fe642c4

Check out our amazing sponsors and the products that Guy uses most in the space: • The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (swanbitcoin.com/guy) • Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 20% OFF with code BITCOINAUDIBLE (guyswann.com/fold) • Dive into the Bitcoin only wallet, the cypherpunk calculator, and a company that has built secure Bitcoin products for nearly a decade. Coinkite.com Learn more about your ad choices. Visit megaphone.fm/adchoices

"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 question, "What is Money?" It is the heart of Bitcoin's fascinating nature, and its historical breakthrough. If you were looking for an entry point to the Bitcoin idea, Lyn Alden brings a phenomenal piece by asking the simple question, that ultimately unlocks a never ending rabbit hole... "What is Money, Anyway?" This will take a few episode to get through entirely, so let's get started...

Link to Lyn Alden's piece and the incredible other work she has on her blog: https://www.lynalden.com/what-is-money/ Other great works to explore: Nick Szabo - Shelling Out: https://bitcoinaudible.com/reboot-shelling-out-the-origins-of-money-nick-szabo/ Wittgenstein's Money: https://open.spotify.com/episode/1eVvYlfTRG7zGjkZW8klIE?si=02d4eaa72fe642c4

Check out our amazing sponsors and the products that Guy uses most in the space: • The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (swanbitcoin.com/guy) • Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 20% OFF with code BITCOINAUDIBLE (guyswann.com/fold) • Dive into the Bitcoin only wallet, the cypherpunk calculator, and a company that has built secure Bitcoin products for nearly a decade. Coinkite.com Learn more about your ad choices. Visit megaphone.fm/adchoices

"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 of all goods in all of recorded human history. And then, there was Bitcoin." - Zach_of_Earth

Today's read by Zack_of_Earth speaks for itself. The fixed supply is the core innovation of Bitcoin, 21 Million Is Non-Negotiable. Just press play.

Link to the original article: https://medium.com/@Zach_of_Earth/21-million-is-non-negotiable-a51475e424a7

Check out our amazing sponsors below, they are among my most used products and services in Bitcoin, and have exclusive discounts and offers for the Audionauts: Become sovereign, hold your keys, be censorship resistant with the Bitbox02 hardware wallet. Get 5% off everything in the store with code GUY (guyswann.com/bitbox) Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (swanbitcoin.com/guy) Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 20% OFF with code BITCOINAUDIBLE (guyswann.com/fold) Learn more about your ad choices. Visit megaphone.fm/adchoices

"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 workings, and explain them in simple terms to others." - DerGigi

The words we use in Bitcoin matter. The names we give things form our relationship with them, and how we frame them in our minds. We must not let others modify our language against the interests of sovereignty and freedom. And we must strive to be accurate in our own words and descriptions so we do not ourselves, spread misunderstanding. A must listen/read.

Link to the original and tons of other great works by Gigi, plus many translations of the piece in other languages: https://dergigi.com/2022/06/27/the-words-we-use-in-bitcoin/

Check out our amazing sponsors below, they are among my most used products and services in Bitcoin, and have exclusive discounts and offers for the Audionauts: Become sovereign, hold your keys, be censorship resistant with the Bitbox02 hardware wallet. Get 5% off everything in the store with code GUY (guyswann.com/bitbox) Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (swanbitcoin.com/guy) Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 20% OFF with code BITCOINAUDIBLE (guyswann.com/fold) Learn more about your ad choices. Visit megaphone.fm/adchoices

"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 from Hans Hoppe we covered ages ago on the podcast: The Yield From Money Held Reconsidered: https://open.spotify.com/episode/67dqOHWLX9NRmAs4S0G9XQ?si=866f483f885a43e0

Check out our amazing sponsors below, they are among my most used products and services in Bitcoin, and have exclusive discounts and offers for the Audionauts: Become sovereign, hold your keys, be censorship resistant with the Bitbox02 hardware wallet. Get 5% off everything in the store with code GUY (guyswann.com/bitbox) Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (swanbitcoin.com/guy) Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 20% OFF with code BITCOINAUDIBLE (guyswann.com/fold) Learn more about your ad choices. Visit megaphone.fm/adchoices

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 to today's episode to find out.

Check out our amazing sponsors below, they are among my most used products and services in Bitcoin, and have exclusive discounts and offers for the Audionauts: Become sovereign, hold your keys, be censorship resistant with the Bitbox02 hardware wallet. Get 5% off everything in the store with code GUY (guyswann.com/bitbox) Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (swanbitcoin.com/guy) Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 20% OFF with code BITCOINAUDIBLE (guyswann.com/fold) Learn more about your ad choices. Visit megaphone.fm/adchoices

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 series. It's time for a Guy's Take episode.

A few links below of those things mentioned in the show to check out if you haven't yet. Plus be sure to go through the episode catalog for the show. There is an extraordinary amount of past work now to go through and I try to make sure that the majority of stays relevant for years. Fidelity - Bitcoin First Report: https://open.spotify.com/episode/2bbmhdkHH1vcM31uo5Mimd?si=41c25898fa6c4c63

Check out our amazing sponsors below, they are among my most used products and services in Bitcoin, and have exclusive discounts and offers for the Audionauts: Become sovereign, hold your keys, be censorship resistant with the Bitbox02 hardware wallet. Get 5% off everything in the store with code GUY (guyswann.com/bitbox) Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (swanbitcoin.com/guy) Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 20% OFF with code BITCOINAUDIBLE (guyswann.com/fold) Learn more about your ad choices. Visit megaphone.fm/adchoices

"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 Bitcoin protects or negates them through incentives, its global neutrality, & political game theory. A fun piece to revisit with everything that has happened in the past year. Not to be missed before we get psychotically bullish for tomorrow's episode. Subscribe so you don't miss it.

Check out the original article below from Quilette: https://quillette.com/2021/02/21/can-governments-stop-bitcoin/

Mentioned in the episode, check out Jack Mallers on WBD podcast:

Check out our amazing sponsors below, they are among my most used products and services in Bitcoin, and have exclusive discounts and offers for the Audionauts: Become sovereign, hold your keys, be censorship resistant with the Bitbox02 hardware wallet. Get 5% off everything in the store with code GUY (guyswann.com/bitbox) Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (swanbitcoin.com/guy) Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 20% OFF with code BITCOINAUDIBLE (guyswann.com/fold) Learn more about your ad choices. Visit megaphone.fm/adchoices

"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 the macro situation. What happens when you build a monetary system from nothing but liabilities, and then manipulate the price of interest such that the economy goes ever deeper into debt? Unfortunately we are all about to find out. But luckily we have Lyn Alden to break it down for us, with Read_631 on Bitcoin Audible.

Link to the article and other great stuff on Lyn's investment blog: https://www.lynalden.com/ecb-trapped/

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: • Get Bitcoin rewards on literally everything you buy with the Fold Card (guyswann.com/fold). Get 20% off with discount code BITCOINAUDIBLE. • Buy Bitcoin automatically and painlessly with SwanBitcoin (swanbitcoin.com/guy) • Keep your Bitcoin keys safe on the secure, open source BitBox02 (guyswann.com/bitbox). Discount code GUY gets you 5% off. Learn more about your ad choices. Visit megaphone.fm/adchoices

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 the Cascading Interconnected risk in today's markets: https://traffic.megaphone.fm/CSN7309346620.mp3?updated=1652737260

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: • Get Bitcoin rewards on literally everything you buy with the Fold Card (guyswann.com/fold). Get 20% off with discount code BITCOINAUDIBLE. • Buy Bitcoin automatically and painlessly with SwanBitcoin (swanbitcoin.com/guy) • Keep your Bitcoin keys safe on the secure, open source BitBox02 (guyswann.com/bitbox). Discount code GUY gets you 5% off. Learn more about your ad choices. Visit megaphone.fm/adchoices

"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 haters squeal. You are in for a treat. Link to the original article: https://medium.com/@francispouliot/cry-harder-31a599a2e343

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: • Get Bitcoin rewards on literally everything you buy with the Fold Card (guyswann.com/fold). Get 20% off with discount code BITCOINAUDIBLE. • Buy Bitcoin automatically and painlessly with SwanBitcoin (swanbitcoin.com/guy) • Keep your Bitcoin keys safe on the secure, open source BitBox02 (guyswann.com/bitbox). Discount code GUY gets you 5% off. Learn more about your ad choices. Visit megaphone.fm/adchoices

"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 kicking off a classic bank run. Worse, with algorithmic certainty, the UST bank run would be accelerated by a corresponding hyperinflation in LUNA." - Ross Stevens, Nic Carter, Allen Farrington

"A post-mortem on Terra, a pre-mortem on DeFi, and a glimpse of the madness to come." Another amazing piece from NYDIG, this one detailing out the inevitable collapse of TerraUSD/LUNA algorithmic stablecoins, and a warning about the fragility and leverage that threatens the same end for the DeFi ecosystem, to follow up with the exciting things being built on top of the Bitcoin and Lightning network stack. Dont miss this one.

Some great previous reads for digging further into the ideas covered in the show: Shelling Out: The Origins of Money - https://bitcoinaudible.com/reboot-shelling-out-the-origins-of-money-nick-szabo/ Only the Strong Survive - https://open.spotify.com/episode/7u8mzgKk1nQcwpz9EjIiet?si=1b5c0272a08c4f0a Time Value of Bitcoin - https://bitcoinaudible.com/the-time-value-of-bitcoin/

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: • Get Bitcoin rewards on literally everything you buy with the Fold Card (guyswann.com/fold). Get 20% off with discount code BITCOINAUDIBLE. • Buy Bitcoin automatically and painlessly with SwanBitcoin (swanbitcoin.com/guy) • Keep your Bitcoin keys safe on the secure, open source BitBox02 (guyswann.com/bitbox). Discount code GUY gets you 5% off. Learn more about your ad choices. Visit megaphone.fm/adchoices

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, on the Bitcoin Energy Revolution.

Follow Nate & Michael on Twitter for more details and to stay up to date: https://twitter.com/BlockchainHI1 https://twitter.com/MichaelHawaii

Things mentioned in the show to check out if you want to dive deeper into the ideas covered: Capital in the 21st Century - https://www.amazon.com/Capital-Twenty-First-Century-Thomas-Piketty/dp/0674979850 Jeremy Rifkin's Third Industrial Revolution - https://www.amazon.com/Third-Industrial-Revolution-Lateral-Transforming/dp/0230341977

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: • Get Bitcoin rewards on literally everything you buy with the Fold Card (guyswann.com/fold). Get 20% off with discount code BITCOINAUDIBLE. • Buy Bitcoin automatically and painlessly with SwanBitcoin (swanbitcoin.com/guy) • Keep your Bitcoin keys safe on the secure, open source BitBox02 (guyswann.com/bitbox). Discount code GUY gets you 5% off. Learn more about your ad choices. Visit megaphone.fm/adchoices

Capital in the Twenty First Century

"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%, according to Harmon. This allows OTEC to essentially achieve a power usage effectiveness (PUE) level of 1 — representing nearly perfect mining efficiency. It may very well be the most efficient way to mine Bitcoin." - Level39

We may be on the verge of an energy revolution due to the incentives and characteristics of Bitcoin and proof of work mining. The ability to solidify and transport stranded energy may change everything. Find out more in today's episode with a read from Level39 and Bitcoin Magazine.

Check out the original plus other great works from Level39 at the link below: https://bitcoinmagazine.com/business/bitcoin-unlocks-ocean-energy

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: • Get Bitcoin rewards on literally everything you buy with the Fold Card (guyswann.com/fold). Get 20% off with discount code BITCOINAUDIBLE. • Buy Bitcoin automatically and painlessly with SwanBitcoin (swanbitcoin.com/guy) • Keep your Bitcoin keys safe on the secure, open source BitBox02 (guyswann.com/bitbox). Discount code GUY gets you 5% off. Learn more about your ad choices. Visit megaphone.fm/adchoices

"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 episode on it. But thanks to Stephan Livera, we have a great article on exactly that topic to help those who feel that drive to commit fully to Bitcoin. An excellent article and fun Guy's Take on getting a Bitcoiner job, and how to see and help solve problems in the space. Plus a NEW CO-HOST joins the show! Dont miss it!

The Why and How of Getting a Bitcoin Job: https://bitcoinmagazine.com/business/why-and-how-getting-a-bitcoin-job

Bitcoin Jobs by Swan Bitcoin. Looking for a job in Bitcoin? This is where you start: https://bitcoinerjobs.com/

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: • Get Bitcoin rewards on literally everything you buy with the Fold Card (guyswann.com/fold). Get 20% off with discount code BITCOINAUDIBLE. • Buy Bitcoin automatically and painlessly with SwanBitcoin (swanbitcoin.com/guy) • Keep your Bitcoin keys safe on the secure, open source BitBox02 (guyswann.com/bitbox). Discount code GUY gets you 5% off. Learn more about your ad choices. Visit megaphone.fm/adchoices

"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 the world. Going to have tons of great stuff coming for you guys so don't forget to subscribe and share this out with everyone you know in the Bitcoin space. Help them to explore Bitcoin from a strong, monetary, economic, and philosophy foundation.

Big thanks to Croesus for this great piece, and link to the original so you can check it out: https://www.citadel21.com/why-the-yuppie-elite-dismiss-bitcoin

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: • Get Bitcoin rewards on literally everything you buy with the Fold Card (guyswann.com/fold). Get 20% off with discount code BITCOINAUDIBLE. • Buy Bitcoin automatically and painlessly with SwanBitcoin (swanbitcoin.com/guy) • Keep your Bitcoin keys safe on the secure, open source BitBox02 (guyswann.com/bitbox). Discount code GUY gets you 5% off. Learn more about your ad choices. Visit megaphone.fm/adchoices

"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-billion dollar LUNA and TerraUSD algorithmic stablecoin. Essentially the entire market capitalization of UST and LUNA vanished in a matter of hours in a spectacular economic death spiral. How did this happen and what was the source of such an incredible risk of what had recently become one of the most promising "crypto" projects in recent months? Find out in Lyn Alden's Post-Mortem of the Crypto Crash.

Check out the original plus Lyn's other amazing work on her blog: https://www.lynalden.com/digital-alchemy/

Another great piece from Lyn if you want to get ahead of the show: https://www.lynalden.com/what-is-money/

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: • Get Bitcoin rewards on literally everything you buy with the Fold Card (guyswann.com/fold). Get 20% off with discount code BITCOINAUDIBLE. • Buy Bitcoin automatically and painlessly with SwanBitcoin (swanbitcoin.com/guy) • Keep your Bitcoin keys safe on the secure, open source BitBox02 (guyswann.com/bitbox). Discount code GUY gets you 5% off. Learn more about your ad choices. Visit megaphone.fm/adchoices

"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 the Fed funds rate, what it means, and how on earth we found ourselves in this situation. It is core incentives built into our fiat monetary foundations that have created a world of leverage on top of leverage, and when the value of the collateral begins to correct, we witness "the cascading of interconnected risk..." Don't miss this excellent piece from Marty Bent & Guy's rant to follow on today's show.

Link to the original and so you can sign up for Marty's newsletter: https://tftc.io/martys-bent/issue-1208-what-youre-witnessing-is-the-cascading-of-interconnected-risk/

Check out the episodes we did on Part of the Problem with Dave Smith discussing Bitcoin, the economic meltdown, and what the future might hold! Part 1: https://open.spotify.com/episode/3KrG6cFlJOLAQsEWFHumVm?si=1a8cfd88268545af Part 2: https://open.spotify.com/episode/40TMV3J008T94XjIY97MUR?si=c6c998776be446bc

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: • Get Bitcoin rewards on literally everything you buy with the Fold Card (guyswann.com/fold). Get 20% off with discount code BITCOINAUDIBLE. • Buy Bitcoin automatically and painlessly with SwanBitcoin (swanbitcoin.com/guy) • Keep your Bitcoin keys safe on the secure, open source BitBox02 (guyswann.com/bitbox). Discount code GUY gets you 5% off. Learn more about your ad choices. Visit megaphone.fm/adchoices

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://bitcoinmagazine.com/technical/analyzing-bip119-and-the-controversy-surrounding-it

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: • Get Bitcoin rewards on literally everything you buy with the Fold Card (guyswann.com/fold). Get 20% off with discount code BITCOINAUDIBLE. • Buy Bitcoin automatically and painlessly with SwanBitcoin (swanbitcoin.com/guy) • Keep your Bitcoin keys safe on the secure, open source BitBox02 (guyswann.com/bitbox). Discount code GUY gets you 5% off. Learn more about your ad choices. Visit megaphone.fm/adchoices

"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 infrastructure. Why are cross border payments so slow and so expensive, and why specifically is it so much worse in the areas of the world where it is most higher needed? We explore all of this with Sam Callahan and the SwanBitcoin blog and dig into the fundamental reasons why Bitcoin and Lightning are here to finally, after decades of failed attempts and half measure, finally bring competition and innovation in a sphere that is absolutely ripe for massive disruption. Don't miss this episode Link to the original article for more great stuff on the blog and to follow Sam: https://www.swanbitcoin.com/running-the-numbers-riding-the-lightning-network/

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: • Get Bitcoin rewards on literally everything you buy with the Fold Card (guyswann.com/fold). Get 20% off with discount code BITCOINAUDIBLE. • Buy Bitcoin automatically and painlessly with SwanBitcoin (swanbitcoin.com/guy) • Keep your Bitcoin keys safe on the secure, open source BitBox02 (guyswann.com/bitbox). Discount code GUY gets you 5% off.

Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome to Bitcoin! 😆

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: • Get Bitcoin rewards on literally everything you buy with the Fold Card (guyswann.com/fold). Get 20% off with discount code BITCOINAUDIBLE. • Buy Bitcoin automatically and painlessly with SwanBitcoin (swanbitcoin.com/guy) • Keep your Bitcoin keys safe on the secure, open source BitBox02 (guyswann.com/bitbox). Discount code GUY gets you 5% off. Learn more about your ad choices. Visit megaphone.fm/adchoices

[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 from the past with soft forks like P2SH, and possibly even flipping the economic incentives to the reverse, and that CTV commitments should be more accurately thought of as "blockspace debt." With this new framing, might there be a way to purposefully abuse this, a "Transaction Grenade" if you will? We explore this in today's episode. Don't forget to like and share the show with all your friends!

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: • Get Bitcoin rewards on literally everything you buy with the Fold Card (guyswann.com/fold). Get 20% off with discount code BITCOINAUDIBLE. • Buy Bitcoin automatically and painlessly with SwanBitcoin (swanbitcoin.com/guy) • Keep your Bitcoin keys safe on the secure, open source BitBox02 (guyswann.com/bitbox). Discount code GUY gets you 5% off. Learn more about your ad choices. Visit megaphone.fm/adchoices

"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, to a handful of misleading and twisted claims that simply don't reflect reality, the response does an excellent job of bringing sense to the table. Don't miss it.

Link tot he original https://bitcoinminingcouncil.com/wp-content/uploads/2022/05/Bitcoin_Letter_to_the_Environmental_Protection_Agency.pdf

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: • Get Bitcoin rewards on literally everything you buy with the Fold Card (guyswann.com/fold). Get 20% off with discount code BITCOINAUDIBLE. • Buy Bitcoin automatically and painlessly with SwanBitcoin (swanbitcoin.com/guy) • Keep your Bitcoin keys safe on the secure, open source BitBox02 (guyswann.com/bitbox). Discount code GUY gets you 5% off. Learn more about your ad choices. Visit megaphone.fm/adchoices

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 the Twittersphere, and before anything else, it's important to clear that up. So we start there with today's episode, and hopefully this will kick off a more in depth discussion and exploration in the coming weeks.

Some great resources for further digging into this topic and to do your own discovery for the benefits and drawbacks: BIP119.com UTXOs.org

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: • Get Bitcoin rewards on literally everything you buy with the Fold Card (guyswann.com/fold). Get 20% off with discount code BITCOINAUDIBLE. • Buy Bitcoin automatically and painlessly with SwanBitcoin (swanbitcoin.com/guy) • Keep your Bitcoin keys safe on the secure, open source BitBox02 (guyswann.com/bitbox). Discount code GUY gets you 5% off.

Learn more about your ad choices. Visit megaphone.fm/adchoices

"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 the original and tons of other great work from Shinobi & Bitcoin Magazine: https://bitcoinmagazine.com/technical/bitcoin-silent-payments-secret-keys

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: • Get Bitcoin rewards on literally everything you buy with the Fold Card (guyswann.com/fold). Get 20% off with discount code BITCOINAUDIBLE. • Buy Bitcoin automatically and painlessly with SwanBitcoin (swanbitcoin.com/guy) • Keep your Bitcoin keys safe on the secure, open source BitBox02 (guyswann.com/bitbox). Discount code GUY gets you 5% off. Learn more about your ad choices. Visit megaphone.fm/adchoices

"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

Do you invest in The Current Thing? Do you put the sign in your store front, to make certain you are showing your support for The Current Thing? Breaking down, oh so eloquently, what this means and why we all seem to participate in this weird machine. Why we have ESG policies for massive asset management firms when the very idea of investing has essentially disappeared from the investment world. When money is political, everything is political. But the reckoning is on the way. Link to the original, with many other works and reads to explore: https://allenfarrington.medium.com/i-finance-the-current-thing-7ea204230315

Get your copy of the amazing book from Sacha Meyers and Allen Farrington (hopefully soon audible as well) at the link below: https://www.amazon.com/Bitcoin-Venice-Essays-Future-Capitalism/dp/B09TTTGT11/ref=sr_1_1?crid=2AGZUFMOMFPQ9&keywords=bitcoin+is+venice&qid=1650945730&sprefix=bitcoin+is+venice%2Caps%2C224&sr=8-1

Lastly check out Havel's epic piece on the nature of communism and the tools of ideology in maintaining pwoer, in "The Power of the Powerless." https://hac.bard.edu/amor-mundi/the-power-of-the-powerless-vaclav-havel-2011-12-23

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: • Get Bitcoin rewards on literally everything you buy with the Fold Card (guyswann.com/fold). Get 20% off with discount code BITCOINAUDIBLE. • Buy Bitcoin automatically and painlessly with SwanBitcoin (swanbitcoin.com/guy) • Keep your Bitcoin keys safe on the secure, open source BitBox02 (guyswann.com/bitbox). Discount code GUY gets you 5% off. Learn more about your ad choices. Visit megaphone.fm/adchoices

None

"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: • Get Bitcoin rewards on literally everything you buy with the Fold Card (guyswann.com/fold). Get 20% off with discount code BITCOINAUDIBLE. • Buy Bitcoin automatically and painlessly with SwanBitcoin (swanbitcoin.com/guy) • Keep your Bitcoin keys safe on the secure, open source BitBox02 (guyswann.com/bitbox). Discount code GUY gets you 5% off. Learn more about your ad choices. Visit megaphone.fm/adchoices

"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 the machines breakeven would then become an integral aspect of wholesale power pricing because the bitcoin miners themselves can set the wholesale price." - Blake King

Simply put, if you want to understand the intricacies of Bitcoin mining and the energy grid, you don't want to miss the first installment of this series. Follow Braiins and Blake King so you don't miss the coming installments, as well as Bitcoin Audible to hear them all in audio. LINK: https://braiins.com/blog/bitcoin-mining-the-grid-generators

Check out the mentioned episode in the Guys' Take by Croesus. Bitcoin & the American West: https://podcasts.apple.com/us/podcast/read-587-bitcoin-the-american-west-croesus/id1359544516?i=1000545327475

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: • Get Bitcoin rewards on literally everything you buy with the Fold Card (guyswann.com/fold). Get 20% off with discount code BITCOINAUDIBLE. • Buy Bitcoin automatically and painlessly with SwanBitcoin (swanbitcoin.com/guy) • Keep your Bitcoin keys safe on the secure, open source BitBox02 (guyswann.com/bitbox). Discount code GUY gets you 5% off. Learn more about your ad choices. Visit megaphone.fm/adchoices

"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 are focused on, & what we may expect to see in Lightning evolution in the near term. Tons to cover in this great little piece from Bitcoin Magazine. Don't forget to follow Shinobi on Twitter for a much needed perspective as we move into a new chapter for Bitcoin. Check out the link and tons of other great stuff both from the author, Shinobi, and Bitcoin Magazine, at the link below: https://bitcoinmagazine.com/technical/bitcoin-lightning-network-expanding-function

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 Fountain app to test out the value-for-value system and listen to Bitcoin Audible for 1,000 free sats! Fountain.fm

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: • Get Bitcoin rewards on literally everything you buy with the Fold Card (guyswann.com/fold). Get 20% off with discount code BITCOINAUDIBLE. • Buy Bitcoin automatically and painlessly with SwanBitcoin (swanbitcoin.com/guy) • Keep your Bitcoin keys safe on the secure, open source BitBox02 (guyswann.com/bitbox). Discount code GUY gets you 5% off. Learn more about your ad choices. Visit megaphone.fm/adchoices

"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 without needing to support any additional assets." - Ryan Gentry A huge kudos to Lightning Labs and what they are building over there. This is an incredible development that will shake the system as this tech gets implemented. Follow Lightning labs and Ryan Gentry, the author of today's piece, on Twitter to stay up on what they are building. Link to the original article and announcement: https://lightning.engineering/posts/2022-4-5-taro-launch/

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 Fountain app to test out the value-for-value system and listen to Bitcoin Audible for 1,000 free sats! Fountain.fm

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: • Get Bitcoin rewards on literally everything you buy with the Fold Card (guyswann.com/fold). Get 20% off with discount code BITCOINAUDIBLE. • Buy Bitcoin automatically and painlessly with SwanBitcoin (swanbitcoin.com/guy) • Keep your Bitcoin keys safe on the secure, open source BitBox02 (guyswann.com/bitbox). Discount code GUY gets you 5% off. Learn more about your ad choices. Visit megaphone.fm/adchoices

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 Donating Plasma in a new pilot program. I've put the details for you at the link below: guyswann.com/blood

Check out the Fountain app to test out the value-for-value system and listen to Bitcoin Audible for 1,000 free sats! Fountain.fm

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: • Get Bitcoin rewards on literally everything you buy with the Fold Card (guyswann.com/fold). Get 20% off with discount code BITCOINAUDIBLE. • Buy Bitcoin automatically and painlessly with SwanBitcoin (swanbitcoin.com/guy) • Keep your Bitcoin keys safe on the secure, open source BitBox02 (guyswann.com/bitbox). Discount code GUY gets you 5% off. Learn more about your ad choices. Visit megaphone.fm/adchoices

"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. Everyone has a right to financial privacy and deserves to be aware of these things." - Tony

It's time for a deep dive into the concerns, benefits, and future of privacy on the Lightning Network. This will be an awesome piece covering everything you want to know. So strap in. Link to the article for further digging on all the mentioned tech: https://abytesjourney.com/lightning-privacy/

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 Fountain app to test out the value-for-value system and listen to Bitcoin Audible for 1,000 free sats! Fountain.fm

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: • Get Bitcoin rewards on literally everything you buy with the Fold Card (guyswann.com/fold). Get 20% off with discount code BITCOINAUDIBLE. • Buy Bitcoin automatically and painlessly with SwanBitcoin (swanbitcoin.com/guy) • Keep your Bitcoin keys safe on the secure, open source BitBox02 (guyswann.com/bitbox). Discount code GUY gets you 5% off. • Get tickets to the biggest & most exciting Bitcoin conference in the universe! Bitcoin 2022 (guyswann.com/2022). 10% discount if you use code GUYSWANN. Learn more about your ad choices. Visit megaphone.fm/adchoices

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 Fountain app to test out the value-for-value system and listen to Bitcoin Audible for 1,000 free sats! Fountain.fm

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: • Get Bitcoin rewards on literally everything you buy with the Fold Card (guyswann.com/fold). Get 20% off with discount code BITCOINAUDIBLE. • Buy Bitcoin automatically and painlessly with SwanBitcoin (swanbitcoin.com/guy) • Keep your Bitcoin keys safe on the secure, open source BitBox02 (guyswann.com/bitbox). Discount code GUY gets you 5% off. • Get tickets to the biggest & most exciting Bitcoin conference in the universe! Bitcoin 2022 (guyswann.com/2022). 10% discount if you use code GUYSWANN. Learn more about your ad choices. Visit megaphone.fm/adchoices

"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. This is a must listen for those who want to dig into the game theory of Bitcoin, and its struggles with the most powerful external adversaries it will face.

Link to the original article by Steve Barbour: https://sgbarbour.medium.com/the-state-vs-bitcoin-dbc044f23ea6

The full audiobook of Eric Voskuil's CryptoEconomics read by Max Hillebrand: https://open.spotify.com/show/2y6oTLWiId7JmUp6pTjPOS

Check out the Fountain app to test out the value-for-value system and listen to Bitcoin Audible for 1,000 free sats! Fountain.fm

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: • Get Bitcoin rewards on literally everything you buy with the Fold Card (guyswann.com/fold). Get 20% off with discount code BITCOINAUDIBLE. • Buy Bitcoin automatically and painlessly with SwanBitcoin (swanbitcoin.com/guy) • Keep your Bitcoin keys safe on the secure, open source BitBox02 (guyswann.com/bitbox). Discount code GUY gets you 5% off. • Get tickets to the biggest & most exciting Bitcoin conference in the universe! Bitcoin 2022 (guyswann.com/2022). 10% discount if you use code GUYSWANN. Learn more about your ad choices. Visit megaphone.fm/adchoices

"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 laurels and believe that we have already won a fight, that is only just beginning. The price of liberty is eternal vigilance. This means pleb mining, privacy tools, adopting every tool at our disposal, building what we can, orange pilling our local communities, teaching how to protect our sovereignty, and that idea that you know is important, but keep procrastinating on.

Check out the Fountain app to test out the value-for-value system and listen to Bitcoin Audible for 1,000 free sats! Fountain.fm

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: • Get Bitcoin rewards on literally everything you buy with the Fold Card (guyswann.com/fold). Get 20% off with discount code BITCOINAUDIBLE. • Buy Bitcoin automatically and painlessly with SwanBitcoin (swanbitcoin.com/guy) • Keep your Bitcoin keys safe on the secure, open source BitBox02 (guyswann.com/bitbox). Discount code GUY gets you 5% off. • Get tickets to the biggest & most exciting Bitcoin conference in the universe! Bitcoin 2022 (guyswann.com/2022). 10% discount if you use code GUYSWANN. Learn more about your ad choices. Visit megaphone.fm/adchoices

"...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 before us. From author Ariel Deschapell and published with Bitcoin Magazine, today we read & discuss: "Against the Inevitability of Bitcoin." Find the original article at the link below: https://bitcoinmagazine.com/technical/against-the-inevitability-of-bitcoin

Check out the Fountain app to test out the value-for-value system and listen to Bitcoin Audible for 1,000 free sats! Fountain.fm

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: • Get Bitcoin rewards on literally everything you buy with the Fold Card (guyswann.com/fold). Get 20% off with discount code BITCOINAUDIBLE. • Buy Bitcoin automatically and painlessly with SwanBitcoin (swanbitcoin.com/guy) • Keep your Bitcoin keys safe on the secure, open source BitBox02 (guyswann.com/bitbox). Discount code GUY gets you 5% off. • Get tickets to the biggest & most exciting Bitcoin conference in the universe! Bitcoin 2022 (guyswann.com/2022). 10% discount if you use code GUYSWANN. Learn more about your ad choices. Visit megaphone.fm/adchoices

"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 placate its citizens. The government will never voluntarily go bankrupt. This is axiomatic. I challenge you to contradict me with evidence." - Arthur Hayes

You are simply going to want to hear Hayes justification for this stance. We may very well be in the middle of one of the largest shifts in the global monetary structure in history. And remaining ignorant will no longer be a viable option. The US just cancelled the world's largest energy producer from the global financial network. What does that mean?

Check out the original article and drop some applause at the link below. Plus, tons of other great linked content within the article and writing by Hayes that is always incredibly valuable on top of entertaining: https://cryptohayes.medium.com/energy-cancelled-e9f9e53a50cd

Check out the Fountain app to test out the value-for-value system and listen to Bitcoin Audible for 1,000 free sats! Fountain.fm

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: • Get Bitcoin rewards on literally everything you buy with the Fold Card (guyswann.com/fold). Get 20% off with discount code BITCOINAUDIBLE. • Buy Bitcoin automatically and painlessly with SwanBitcoin (swanbitcoin.com/guy) • Keep your Bitcoin keys safe on the secure, open source BitBox02 (guyswann.com/bitbox). Discount code GUY gets you 5% off. • Get tickets to the biggest & most exciting Bitcoin conference in the universe! Bitcoin 2022 (guyswann.com/2022). 10% discount if you use code GUYSWANN. Learn more about your ad choices. Visit megaphone.fm/adchoices

"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 paradox is this: content will only stay behind a paywall if it is shitty. If it's good, someone will set it free." - Dergigi

Today we are exploring an article from Dergigi on how the incentives of the internet attention market has turned platforms into dopamine machines, and why it is causing us harm by us failing to understand what is inherently wrong with monetization on the internet, and why Bitcoin may just be able to fix it.

LINK to the original article with Gigi's hat available for any value given back. https://dergigi.com/2021/12/30/the-freedom-of-value/

Check out the Fountain app to test out the value-for-value system and listen to Bitcoin Audible for 1,000 free sats! (will add link here when I get it)

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: • Get Bitcoin rewards on literally everything you buy with the Fold Card (guyswann.com/fold). Get 20% off with discount code BITCOINAUDIBLE. • Buy Bitcoin automatically and painlessly with SwanBitcoin (swanbitcoin.com/guy) • Keep your Bitcoin keys safe on the secure, open source BitBox02 (guyswann.com/bitbox). Discount code GUY gets you 5% off. • Get tickets to the biggest & most exciting Bitcoin conference in the universe! Bitcoin 2022 (guyswann.com/2022). 10% discount if you use code GUYSWANN. Learn more about your ad choices. Visit megaphone.fm/adchoices

"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 unbelievable cost of war & its fallout, from the minds of the citizens. Only in the age of infinite money printing, can we sustain infinite war. This is not an accident. Listen to the epic conclusion in today's episode.

Link to the article: https://bitcoinmagazine.com/culture/how-the-fed-hides-costs-of-war

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: • Get Bitcoin rewards on literally everything you buy with the Fold Card (guyswann.com/fold). Get 20% off with discount code BITCOINAUDIBLE. • Buy Bitcoin automatically and painlessly with SwanBitcoin (swanbitcoin.com/guy) • Keep your Bitcoin keys safe on the secure, open source BitBox02 (guyswann.com/bitbox). Discount code GUY gets you 5% off. • Get tickets to the biggest & most exciting Bitcoin conference in the universe! Bitcoin 2022 (guyswann.com/2022). 10% discount if you use code GUYSWANN. Learn more about your ad choices. Visit megaphone.fm/adchoices

"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 own names.” This was one of the more prominent early examples of government bond market intervention to finance war, and it would provide a blueprint for America to follow for decades to come." - Alex Gladstein

Today we have an incredible piece from Alex Galdstein returning with his incredible deep dives into the history of money, what is happening around the world, and how Bitcoin fits into the world's massive problems today, and may fundamentally alter the course of history. Don't miss an incredible walk through the history of war, and how money has hidden their cost, and thus made them a permanent part of our modern society.

Link to the article: https://bitcoinmagazine.com/culture/how-the-fed-hides-costs-of-war

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: • Get Bitcoin rewards on literally everything you buy with the Fold Card (guyswann.com/fold). Get 20% off with discount code BITCOINAUDIBLE. • Buy Bitcoin automatically and painlessly with SwanBitcoin (swanbitcoin.com/guy) • Keep your Bitcoin keys safe on the secure, open source BitBox02 (guyswann.com/bitbox). Discount code GUY gets you 5% off. • Get tickets to the biggest & most exciting Bitcoin conference in the universe! Bitcoin 2022 (guyswann.com/2022). 10% discount if you use code GUYSWANN. Learn more about your ad choices. Visit megaphone.fm/adchoices

"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 Roy

Avik breaks down in this article from The American Mind, the poisonous nature of our monetary system, where it all started, how it unfairly benefits the already wealthy at our expense, & how Bitcoin truly fixes this. Plus a lengthy Guy's take that gets heated because economics is just too exciting not to get amped up about it.

Check out the link below for more work by Avik Roy and The American Mind: https://americanmind.org/features/free-bitcoin/want-to-stick-it-to-coastal-elites-use-bitcoin/

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: • Get Bitcoin rewards on literally everything you buy with the Fold Card (guyswann.com/fold). Get 20% off with discount code BITCOINAUDIBLE. • Buy Bitcoin automatically and painlessly with SwanBitcoin (swanbitcoin.com/guy) • Keep your Bitcoin keys safe on the secure, open source BitBox02 (guyswann.com/bitbox). Discount code GUY gets you 5% off. • Get tickets to the biggest & most exciting Bitcoin conference in the universe! Bitcoin 2022 (guyswann.com/2022). 10% discount if you use code GUYSWANN. Learn more about your ad choices. Visit megaphone.fm/adchoices

"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

What exactly does it mean to outlaw Bitcoin? To ban proof of work mining? And what does it say about our society that such a discussion is even on the table? Is it a problem with how the people may use these tools, or what it enables of criminals or the less savory of society?... Or is it more indicative of a cancer in society itself?

DerGigi always killing it with another great article: https://dergigi.com/2021/08/02/implications-of-outlawing-bitcoin/

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: • Get Bitcoin rewards on literally everything you buy with the Fold Card (guyswann.com/fold). Get 20% off with discount code BITCOINAUDIBLE. • Buy Bitcoin automatically and painlessly with SwanBitcoin (swanbitcoin.com/guy) • Keep your Bitcoin keys safe on the secure, open source BitBox02 (guyswann.com/bitbox). Discount code GUY gets you 5% off. • Get tickets to the biggest & most exciting Bitcoin conference in the universe! Bitcoin 2022 (guyswann.com/2022). 10% discount if you use code GUYSWANN. Learn more about your ad choices. Visit megaphone.fm/adchoices

"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 process of its operation (liquidity) rather than the purpose the process fulfills (payments network). The Guy's Take to follow discussing ideas of Lightning UI and the new tools being brought to the liquidity table.

Don't forget to check out the article, drop some applause on medium, and follow Roy at the link below: https://medium.com/breez-technology/lightning-is-a-liquidity-network-550896ca27ea

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: • Get Bitcoin rewards on literally everything you buy with the Fold Card (guyswann.com/fold). Get 20% off with discount code BITCOINAUDIBLE. • Buy Bitcoin automatically and painlessly with SwanBitcoin (swanbitcoin.com/guy) • Keep your Bitcoin keys safe on the secure, open source BitBox02 (guyswann.com/bitbox). Discount code GUY gets you 5% off. • Get tickets to the biggest & most exciting Bitcoin conference in the universe! Bitcoin 2022 (guyswann.com/2022). 10% discount if you use code GUYSWANN. Learn more about your ad choices. Visit megaphone.fm/adchoices

"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 something stronger — even the actual, presently poor would likely endorse proposals thought to benefit the wealthy if they had been wealthy. And even the wealthy would likely endorse proposals thought to benefit the poor if they had been poor. " - Craig Warmke

How does one remove their biases and personal benefits or consequences from weighing the value of world with, or a world without Bitcoin? That's what Craig attempts to do in today's article, another excellent addition to The Bitcoin Times, Ed 4. Check out the original at the link below along with the numerous other great pieces that accompany it: https://sites.google.com/getamber.io/thebitcointimes/ED_4

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: • Get Bitcoin rewards on literally everything you buy with the Fold Card (guyswann.com/fold). Get 20% off with discount code BITCOINAUDIBLE. • Buy Bitcoin automatically and painlessly with SwanBitcoin (swanbitcoin.com/guy) • Keep your Bitcoin keys safe on the secure, open source BitBox02 (guyswann.com/bitbox). Discount code GUY gets you 5% off. • Get tickets to the biggest & most exciting Bitcoin conference in the universe! Bitcoin 2022 (guyswann.com/2022). 10% discount if you use code GUYSWANN. Learn more about your ad choices. Visit megaphone.fm/adchoices

"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 authoritarian response from the Canadian government." - David Heinemeier Hansson

The events of today are making it increasingly difficult to ignore the value of Bitcoin & censorship resistant money. While it was easy to dismiss in a world where western democracies appeared to be representative of their population, & while western culture seemed to protect individual rights, as we watch them so quickly and systematically dismantled, the need for Bitcoin cannot be ignored. Listen to a long time Bitcoin/Crypto skeptic begin to see why it may not be so foolish after all.

Check out the article for more digging below, and feel free to follow and help David on his Bitcoin journey: https://world.hey.com/dhh/i-was-wrong-we-need-crypto-587ccb03

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: • Get Bitcoin rewards on literally everything you buy with the Fold Card (guyswann.com/fold). Get 20% off with discount code BITCOINAUDIBLE. • Buy Bitcoin automatically and painlessly with SwanBitcoin (swanbitcoin.com/guy) • Keep your Bitcoin keys safe on the secure, open source BitBox02 (guyswann.com/bitbox). Discount code GUY gets you 5% off. • Get tickets to the biggest & most exciting Bitcoin conference in the universe! Bitcoin 2022 (guyswann.com/2022). 10% discount if you use code GUYSWANN.

Learn more about your ad choices. Visit megaphone.fm/adchoices

"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 entered the global political stage in recent weeks, and there will be no going back at this point. It is time for Bitcoiners to kick into high gear on what tools we use, how we onboard new users, and our education for those at the greatest risk in our increasingly volatile political environments. How do the benefits of Bitcoin mining, and its potential to bolster the energy grid & production, its benefit in international trade and routing around sanctions, mix with its undermining of monetary policy and likelihood of causing outflows from an increasingly fragile banking system? And what will Russia's response be in the coming years? Mike breaks down the mining and energy side of the equation, and we discuss Josef Tetek's article as well on the opposing issues.

There is so much to unpack in these events, and this will be covered again in the near future. Stay tuned, stay subscribed, and dont miss the next few weeks of Bitcoin Audible. Its getting crazy out there ladies & gents, buckle your seatbelts.

Check out the article and Mike's other works and follow him on Twitter at the link below: https://bitcoinmagazine.com/markets/russia-embracing-bitcoin-challenges-world

Also check out the other side of the coin, with Josef Tetek's piece on the regulatory controls Russia is pushing for: https://bitcoinmagazine.com/business/bitcoin-and-russia-regulations

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: • Get Bitcoin rewards on literally everything you buy with the Fold Card (guyswann.com/fold). Get 20% off with discount code BITCOINAUDIBLE. • Buy Bitcoin automatically and painlessly with SwanBitcoin (swanbitcoin.com/guy) • Keep your Bitcoin keys safe on the secure, open source BitBox02 (guyswann.com/bitbox). Discount code GUY gets you 5% off. • Get tickets to the biggest & most exciting Bitcoin conference in the universe! Bitcoin 2022 (guyswann.com/2022). 10% discount if you use code GUYSWANN. Learn more about your ad choices. Visit megaphone.fm/adchoices

"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 ravages the people who those governments pretend to serve and love." - Peter St. Onge

Diving back into the incredible publication of The Bitcoin Times Ed 4. Bitcoin isn't just a technology, its a revolution. What specific incentives will fuel this revolution, what futures are possible, how destructive will the transition be, & how long will it take for us to "wake up" with this tool in our hands? It will shape the course of history, but it requires us to support it, to build for it, and to cultivate the future we want. Another incredible piece!

Check out the rest of The Bitcoin Times and get a head start at the link below: https://sites.google.com/getamber.io/thebitcointimes/ED_4

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: • Get Bitcoin rewards on literally everything you buy with the Fold Card (guyswann.com/fold). Get 20% off with discount code BITCOINAUDIBLE. • Buy Bitcoin automatically and painlessly with SwanBitcoin (swanbitcoin.com/guy) • Keep your Bitcoin keys safe on the secure, open source BitBox02 (guyswann.com/bitbox). Discount code GUY gets you 5% off. • Get tickets to the biggest & most exciting Bitcoin conference in the universe! Bitcoin 2022 (guyswann.com/2022). 10% discount if you use code GUYSWANN. Learn more about your ad choices. Visit megaphone.fm/adchoices

“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 previously noted, Bitcoin’s revolutionary invention was solving the problem of digital scarcity and creating a digital store of value, not making an incremental improvement to a payment system.” - Fidelity Assets Report You don’t want to miss this incredible report on how to think about the innovation and investment thesis of Bitcoin. Why it should be separated from the rest of the digital asset ecosystem, and why for the market need it fulfills, there is little to no competition among the “crypto” industry.

Check out the full report and other incredible work from Fidelity at the following link: https://www.fidelitydigitalassets.com/articles/bitcoin-first

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: • Get Bitcoin rewards on literally everything you buy with the Fold Card (guyswann.com/fold). Get 20% off with discount code BITCOINAUDIBLE. • Buy Bitcoin automatically and painlessly with SwanBitcoin (swanbitcoin.com/guy) • Keep your Bitcoin keys safe on the secure, open source BitBox02 (guyswann.com/bitbox). Discount code GUY gets you 5% off. • Get tickets to the biggest & most exciting Bitcoin conference in the universe! Bitcoin 2022 (guyswann.com/2022). 10% discount if you use code GUYSWANN. Learn more about your ad choices. Visit megaphone.fm/adchoices

"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 separation of Money and State a true possibility for our future? How does Bitcoin change the fundamental relationship between money and power? Don't miss this one!

Check out the rest of The Bitcoin Times and get a head start at the link below: https://sites.google.com/getamber.io/thebitcointimes/ED_4 Another great article from Allen, The Capital Strip Mine https://bitcoinaudible.com/the-capital-strip-mine/ And some required reading for everyone in Bitcoin, Shelling Out: The Origins of Money https://bitcoinaudible.com/reboot-shelling-out-the-origins-of-money-nick-szabo/

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: • Get Bitcoin rewards on literally everything you buy with the Fold Card (guyswann.com/fold). Get 20% off with discount code BITCOINAUDIBLE. • Buy Bitcoin automatically and painlessly with SwanBitcoin (swanbitcoin.com/guy) • Keep your Bitcoin keys safe on the secure, open source BitBox02 (guyswann.com/bitbox). Discount code GUY gets you 5% off. • Get tickets to the biggest & most exciting Bitcoin conference in the universe! Bitcoin 2022 (guyswann.com/2022). 10% discount if you use code GUYSWANN. Learn more about your ad choices. Visit megaphone.fm/adchoices

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 check out Brandon Quittem's other amazing work at his medium page: Article - https://medium.com/the-bitcoin-times/bitcoin-is-a-pioneer-species-38f42ecdbb88 Audio - https://open.spotify.com/episode/0n4BDOodSPaIB5HpksnJOT?si=724d2b546cdc4afa Medium Page - https://medium.com/@BrandonQuittem

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: • Get Bitcoin rewards on literally everything you buy with the Fold Card (guyswann.com/fold). Get 20% off with discount code BITCOINAUDIBLE. • Buy Bitcoin automatically and painlessly with SwanBitcoin (swanbitcoin.com/guy) • Keep your Bitcoin keys safe on the secure, open source BitBox02 (guyswann.com/bitbox). Discount code GUY gets you 5% off. • Get tickets to the biggest & most exciting Bitcoin conference in the universe! Bitcoin 2022 (guyswann.com/2022). 10% discount if you use code GUYSWANN. Learn more about your ad choices. Visit megaphone.fm/adchoices

“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 its value as a hedge against the Fiat Ponzi. Detailing out their concept of the Fulcrum Index, and why Bitcoin as a CDS against sovereign credit risk may alone be a multi-trillion dollar value proposition. Hear the rest of Greg Foss’s incredible report in today’s episode.

Check out the full report at the link below: https://rockstarinnercircle.com/wp-content/uploads/2021/04/Why-Every-Fixed-Income-Investor-Needs-To-Consider-Bitcoin-As-Portfolio-Insurance.pdf

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: • Get Bitcoin rewards on literally everything you buy with the Fold Card (20% discount code BITCOINAUDIBLE) • Buy Bitcoin automatically and painlessly with SwanBitcoin • Keep your Bitcoin keys safe on the secure, open source BitBox02 (5% discount code GUY) • Get tickets to the biggest & most exciting Bitcoin conference in the world! Bitcoin 2022 (10% discount code GUYSWANN) Learn more about your ad choices. Visit megaphone.fm/adchoices

“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 report on the case for Bitcoin from the fixed income investment perspective. Laying out his history in the markets, how he has seen and evaluated the risks and market contagions of years past, & digging into the nerdy framework to understanding the credit markets, and most importantly, how to price risk. This is a must listen, and Parts 3 & 4 dropping tomorrow are going to make you more bullish than you know.

Get ready.

Check out the full report at the link below: https://rockstarinnercircle.com/wp-content/uploads/2021/04/Why-Every-Fixed-Income-Investor-Needs-To-Consider-Bitcoin-As-Portfolio-Insurance.pdf

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: • Get Bitcoin rewards on literally everything you buy with the Fold Card (20% discount code BITCOINAUDIBLE) • Buy Bitcoin automatically and painlessly with SwanBitcoin • Keep your Bitcoin keys safe on the secure, open source BitBox02 (5% discount code GUY) • Get tickets to the biggest & most exciting Bitcoin conference in the world! Bitcoin 2022 (10% discount code GUYSWANN) Learn more about your ad choices. Visit megaphone.fm/adchoices

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 situation is. Hope this helps makes sense of what is going on. Learn more about your ad choices. Visit megaphone.fm/adchoices

"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/dp/0578902621/ref=sr_1_1?crid=1OGGJHM7QJCZ7&keywords=7th+property&qid=1643345103&sprefix=7th+property%2Caps%2C61&sr=8-1 Audiobook: https://www.amazon.com/7th-Property-Bitcoin-Monetary-Revolution/dp/B09N9VZYM7/ref=sr_1_1?crid=1OGGJHM7QJCZ7&keywords=7th+property&qid=1643345103&sprefix=7th+property%2Caps%2C61&sr=8-1

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: • Get Bitcoin rewards on literally everything you buy with the Fold Card (20% discount code BITCOINAUDIBLE) • Buy Bitcoin automatically and painlessly with SwanBitcoin • Keep your Bitcoin keys safe on the secure, open source BitBox02 (5% discount code GUY) • Get tickets to the biggest & most exciting Bitcoin conference in the world! Bitcoin 2022 (10% discount code GUYSWANN) Learn more about your ad choices. Visit megaphone.fm/adchoices

The 7th Property: Bitcoin and the Monetary Revolution

“This makes Bitcoin miners uniquely symbiotic with energy grids serving as “demand response” partners. If energy is ever in short supply, people get priority over Bitcoin miners. However whenever there is excess energy, it gets monetized. This symbiotic relationship leads to more energy abundance generally.” - Brandon Quittem

Another great piece coming at you today from The Bitcoin Times Ed 4, and by returning author Brandon Quittem, who did the incredible Mycelium Series for understanding Bitcoin through the lens of an organic mycelium like organism. Today he tackles Bitcoin mining, and how the altered incentives of Bitcoin make it a pioneer species that will allow us to expand into energy deserts, and spread the scope of civilization in a way not immediately obvious. Don’t miss today’s excellent read, "Bitcoin is a Pioneer Species."

Link to the original work, with many links for further exploration (drop some massive applause): https://medium.com/the-bitcoin-times/bitcoin-is-a-pioneer-species-38f42ecdbb88

Why I changed my mind about nuclear power | Michael Shellenberger https://www.youtube.com/watch?v=ciStnd9Y2ak

Noahbjectivity on Bitcoin Mining | Nic Carter https://bitcoinaudible.com/noahbjectivity-on-bitcoin-mining/

Bitcoin Mining & the Case for More Energy https://bitcoinaudible.com/bitcoin-mining-the-case-for-more-energy/

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"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 original article and drop some hella applause (and follow John while you're at it): https://medium.com/@johnkvallis/money-messiah-god-bitcoin-and-the-evolution-of-consciousness-b95be58054f4#3d4b

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: • Get Bitcoin rewards on literally everything you buy with the Fold Card (20% discount code BITCOINAUDIBLE) • Buy Bitcoin automatically and painlessly with SwanBitcoin • Keep your Bitcoin keys safe on the secure, open source BitBox02 (5% discount code GUY) • Get tickets to the biggest & most exciting Bitcoin conference in the world! Bitcoin 2022 (10% discount code GUYSWANN) Learn more about your ad choices. Visit megaphone.fm/adchoices

“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 religious and moral interpretations of the world, and why they are so intricately intwined with the simple, ubiquitous tool that we call money. Part 1 explores value and meaning, and tomorrow with Part 2 we will dive deep into money and Bitcoin. This one is not to be missed:

Drop some massive applause on the article at the link below: https://medium.com/@johnkvallis/money-messiah-god-bitcoin-and-the-evolution-of-consciousness-b95be58054f4#3d4b

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: • Get Bitcoin rewards on literally everything you buy with the Fold Card (20% discount code BITCOINAUDIBLE) • Buy Bitcoin automatically and painlessly with SwanBitcoin • Keep your Bitcoin keys safe on the secure, open source BitBox02 (5% discount code GUY) • Get tickets to the biggest & most exciting Bitcoin conference in the world! Bitcoin 2022 (10% discount code GUYSWANN) Learn more about your ad choices. Visit megaphone.fm/adchoices

"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 into the possible course of action for the Federal Reserve, and how that could dictate what the Bitcoin price does in the short term. Are you ready? Listen to find out more

Links to both Bhatia's as well as Hayes's article below for further exploring: https://thebitcoinlayer.substack.com/p/arthur-hayes-bitcoin-could-be-heading https://cryptohayes.medium.com/maelstrom-ee6021e9d0c2

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“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 “Crypto” world really are, with this article titled, “My First Impressions of Web3.” If you would like a laugh and some fun trip down Not lane, this is one not to miss.

Check out the original article, with links to much of what was discussed at the link below: https://moxie.org/2022/01/07/web3-first-impressions.html

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: • Get Bitcoin rewards on literally everything you buy with the Fold Card (20% discount code BITCOINAUDIBLE) • Buy Bitcoin automatically and painlessly with SwanBitcoin • Keep your Bitcoin keys safe on the secure, open source BitBox02 (5% discount code GUY) • Get tickets to the biggest & most exciting Bitcoin conference in the world! Bitcoin 2022 (10% discount code GUYSWANN) Learn more about your ad choices. Visit megaphone.fm/adchoices

"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 John Carvalho that I've been eager to get at for a while now. Through Bitcoin and Lightning we have inadvertently been given the Holy Grail of a decentralized web, millions of individuals with a public and private key pair. Do we really need this bloated & scammy system with 10s of 1000s of shitcoins and blockchains for everything? Or is there something far simpler, and more fundamental that could be the beginnings of something massive? Find out in today's interview with the Bitcoin OG, cypherpunk, CEO of Synonym... John Carvalho.

Don't forget to check out the incredible stuff being built by Synonym: https://synonym.to/

Mounting a Torrent to your file system with HyperCore: https://www.youtube.com/watch?v=BTCsSwCpGP8&t=1016s

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: • Get Bitcoin rewards on literally everything you buy with the Fold Card (20% discount code BITCOINAUDIBLE) • Buy Bitcoin automatically and painlessly with SwanBitcoin • Keep your Bitcoin keys safe on the secure, open source BitBox02 (5% discount code GUY) • Get tickets to the biggest & most exciting Bitcoin conference in the world! Bitcoin 2022 (10% discount code GUYSWANN) Learn more about your ad choices. Visit megaphone.fm/adchoices

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 the State of Lightning Report from Arcane Research at the link below, and the episodes with Part 1 and Part 2 in audio for those who haven't yet listened: State of Lightning Report: https://static1.squarespace.com/static/60377b34e7791c1277aaae97/t/615cb9aeaab8c63e1a732771/1633466815710/The+State+of+Lightning.pdf Part 1 Audio: Part 2 Audio:

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: • Get Bitcoin rewards on literally everything you buy with the Fold Card (20% discount code BITCOINAUDIBLE) • Buy Bitcoin automatically and painlessly with SwanBitcoin • Keep your Bitcoin keys safe on the secure, open source BitBox02 (5% discount code GUY) • Get tickets to the biggest & most exciting Bitcoin conference in the world! Bitcoin 2022 (10% discount code GUYSWANN) Learn more about your ad choices. Visit megaphone.fm/adchoices

"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 comparisons made on the full report at the link below: https://static1.squarespace.com/static/60377b34e7791c1277aaae97/t/615cb9aeaab8c63e1a732771/1633466815710/The+State+of+Lightning.pdf

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: • Get Bitcoin rewards on literally everything you buy with the Fold Card (20% discount code BITCOINAUDIBLE) • Buy Bitcoin automatically and painlessly with SwanBitcoin • Keep your Bitcoin keys safe on the secure, open source BitBox02 (5% discount code GUY) • Get tickets to the biggest & most exciting Bitcoin conference in the world! Bitcoin 2022 (10% discount code GUYSWANN) Learn more about your ad choices. Visit megaphone.fm/adchoices

“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 the incredible possibilities on the horizon. Everything you wanted to know about the Lightning network in a thorough report on the state of the industry.

Check out the many graphics and data that helps show the comparisons made on the full report at the link below: https://static1.squarespace.com/static/60377b34e7791c1277aaae97/t/615cb9aeaab8c63e1a732771/1633466815710/The+State+of+Lightning.pdf

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: • Get Bitcoin rewards on literally everything you buy with the Fold Card (20% discount code BITCOINAUDIBLE) • Buy Bitcoin automatically and painlessly with SwanBitcoin • Keep your Bitcoin keys safe on the secure, open source BitBox02 (5% discount code GUY) • Get tickets to the biggest & most exciting Bitcoin conference in the world! Bitcoin 2022 (10% discount code GUYSWANN) Learn more about your ad choices. Visit megaphone.fm/adchoices

“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 moment. In that environment, it’s the house (exchange) that wins either way." - Lyn Alden

Continuing with yesterday's amazing piece to finish it out today, from Lyn Alden's investment blog on the analysis of Proof-of-stake as a consensus mechanism, and the centralizing risk posed by DeFi and stablecoins. Don't miss the conclusion to this incredible piece, with a Guy's Take to follow on the difference between Crypto 7 Bitcoin, and how to frame what is happening in the ecosystem.

don't forget to explore the article and lots of other connections to great additional content at the link below: https://www.lynalden.com/proof-of-stake/

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: • Get Bitcoin rewards on literally everything you buy with the Fold Card (20% discount code BITCOINAUDIBLE) • Buy Bitcoin automatically and painlessly with SwanBitcoin • Keep your Bitcoin keys safe on the secure, open source BitBox02 (5% discount code GUY) • Get tickets to the biggest & most exciting Bitcoin conference in the world! Bitcoin 2022 (10% discount code GUYSWANN) Learn more about your ad choices. Visit megaphone.fm/adchoices

"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 part 2 of her breakdown of the systems of proof of stake, versus proof of work, and why they are fundamentally different, and the challenges and trade offs of proof of stake. Why it is inherently centralizing, and what issues arise in contentious changes to the network. We will jump into Part 2 tomorrow, with more on how stablecoins make this problem even worse. Don't miss it!

For some more reading into the concept behind Proof of stake and why its a very different (and wrong) design philosophy, dont miss Huge's great pieces: Proof of Stake & The Wrong Engineering Mindset: https://bitcoinaudible.com/proof-of-stake-the-wrong-engineering-mindset-hugo-nguyen/ Proof of stake & Unforgeable Costliness: https://bitcoinaudible.com/proof-of-stake-private-keys-attacks-unforgeable-costliness-hugo-nguyen/ Anatomy of Proof of Work: https://bitcoinaudible.com/anatomy-of-proof-of-work-part-1/

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: • Get Bitcoin rewards on literally everything you buy with the Fold Card (20% discount code BITCOINAUDIBLE) • Buy Bitcoin automatically and painlessly with SwanBitcoin • Keep your Bitcoin keys safe on the secure, open source BitBox02 (5% discount code GUY) • Get tickets to the biggest & most exciting Bitcoin conference in the world! Bitcoin 2022 (10% discount code GUYSWANN) Learn more about your ad choices. Visit megaphone.fm/adchoices

"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 off scammers like Indian braves seeking scalps, and finding the right passage through the Rocky Mountains of shitcoinery. Breaking an axle is akin to losing funds in an exchange hack, dysentery like mismanaging keys, tempting shortcuts through the mountains like leverage trading on BitMex. The journey to the promised land of financial security and a brighter future is full of dangers, but the promise of a better life beckons the adventurous and bold.” - Croesus

How the frontier and America's manifest destiny can illuminate where we are in the process of reaching a Bitcoin standard, and the incredible work and possibilities yet to come. A wonderful piece from returning author Croesus, and on the always fascinating Citadel21 publication. One not to be missed.

Link to the original article and tons of great accompanying material and imagery: https://www.citadel21.com/bitcoin-and-the-american-west

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: • Get Bitcoin rewards on literally everything you buy with the Fold Card (20% discount code BITCOINAUDIBLE) • Buy Bitcoin automatically and painlessly with SwanBitcoin • Keep your Bitcoin keys safe on the secure, open source BitBox02 (5% discount code GUY) • Get tickets to the biggest & most exciting Bitcoin conference in the world! Bitcoin 2022 (10% discount code GUYSWANN) Learn more about your ad choices. Visit megaphone.fm/adchoices

"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." - Level39

It's easy to focus entirely on the incredible impact and incentives that Bitcoin instills as a monetary good onto the world. Its massive effect on the economics of world markets, and how it will bring down capital barriers all around the world. But then forget, that it could be equally powerful, in the realm of energy production, and thermodynamic innovation. Bitcoin wont just change money, it will change our relationship to energy itself. And Nikola Tesla may just have some insight over 100 years old, that could shed light on what this could mean. Don't miss this excellent article.

Link to the original for plenty of links to go exploring and dig deeper into this topic: https://bitcoinmagazine.com/culture/bitcoin-and-teslas-peaceful-energy-vision

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: • Get Bitcoin rewards on literally everything you buy with the Fold Card (20% discount code BITCOINAUDIBLE) • Buy Bitcoin automatically and painlessly with SwanBitcoin • Keep your Bitcoin keys safe on the secure, open source BitBox02 (5% discount code GUY) • Get tickets to the biggest & most exciting Bitcoin conference in the world! Bitcoin 2022 (10% discount code GUYSWANN) Learn more about your ad choices. Visit megaphone.fm/adchoices

"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 install the State at the mediating center of every transaction." - Edward Snowden

Today we take a journey with Edward Snowden diving into the nature and problems of Central Bank Digital Currencies, or CBDCs. More honestly known as centralized surveillance coins. Start playing today's read, and then buy a little Bitcoin to help navigate us around the dystopian nightmare which is a future with CBDCs.

Link to the original and Snowden's substack for more epic reading: https://edwardsnowden.substack.com/p/cbdcs

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: • Get Bitcoin rewards on literally everything you buy with the Fold Card (20% discount code BITCOINAUDIBLE) • Buy Bitcoin automatically and painlessly with SwanBitcoin • Keep your Bitcoin keys safe on the secure, open source BitBox02 (5% discount code GUY) • Get tickets to the biggest & most exciting Bitcoin conference in the world! Bitcoin 2022 (10% discount code GUYSWANN) Learn more about your ad choices. Visit megaphone.fm/adchoices

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 Bitcoin hardware, in Chat 65 - To Airgap or not to Airgap? Follow these two crazy intelligent builders on twitter at the links below: https://twitter.com/BitcoinLixin https://twitter.com/douglasbakkum

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: • Get Bitcoin rewards on literally everything you buy with the Fold Card (20% discount code BITCOINAUDIBLE) • Buy Bitcoin automatically and painlessly with SwanBitcoin • Keep your Bitcoin keys safe on the secure, open source BitBox02 (5% discount code GUY) • Get tickets to the biggest & most exciting Bitcoin conference in the world! Bitcoin 2022 (10% discount code GUYSWANN) Learn more about your ad choices. Visit megaphone.fm/adchoices

“'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 meaning of the term "smart contract." What does it really mean, and does Bitcoin have smart contracts, or not? A great piece from Shinobi and Bitcoin Magazine today. Not to be missed.

Link to the original articles for more details, further digging and the other incredible work at Bitcoin Magazine: https://bitcoinmagazine.com/technical/why-bitcoin-smart-contract-platform

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: • Get Bitcoin rewards on literally everything you buy with the Fold Card (20% discount) • Buy Bitcoin automatically and painlessly with SwanBitcoin • Keep your Bitcoin keys safe on the secure, open source BitBox02 (5% discount code GUY) • Get tickets to the biggest & most exciting Bitcoin conference in the world! Bitcoin 2022 (10% discount code GUYSWANN) Learn more about your ad choices. Visit megaphone.fm/adchoices

"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 argument for understanding why the Bitcoin strategy for liberty, is the most important strategy we have? Find out in today's concise read from Austrian economist and podcast host Stephan Livera, made available at Bitcoin Magazine.

Check out the original link below for more by Stephan and the other great works at Bitcoin Magazine: https://bitcoinmagazine.com/culture/libertarians-need-to-prioritize-bitcoin

For those who want to hear the SLP episode with Titus Gebel on private cities and a strategy for a free future, this is the link to episode 161: https://stephanlivera.com/episode/161/

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: • Get Bitcoin rewards on literally everything you buy with the Fold Card (20% discount) • Buy Bitcoin automatically and painlessly with SwanBitcoin • Keep your Bitcoin keys safe on the secure, open source BitBox02 (5% discount code GUY) • Get tickets to the biggest & most exciting Bitcoin conference in the world! Bitcoin 2022 (10% discount code GUYSWANN) Learn more about your ad choices. Visit megaphone.fm/adchoices

“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 future look like… ?

Check out the original article at the link below: https://www.coindesk.com/tech/2021/11/29/the-world-bitcoin-will-build/

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: • Get Bitcoin rewards on literally everything you buy with the Fold Card (20% discount) • Buy Bitcoin automatically and painlessly with SwanBitcoin • Keep your Bitcoin keys safe on the secure, open source BitBox02 (5% discount code GUY) • Get tickets to the biggest & most exciting Bitcoin conference in the world! Bitcoin 2022 (10% discount code GUYSWANN) Learn more about your ad choices. Visit megaphone.fm/adchoices

“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 are questions about what it means to be a good member of society, and what society even is, and they are detonating like depth charges beneath the surface of the culture.” - Paul Kingsnorth

We take a small detour to look at the state of the world and what is unfolding before us. How it applies to our future and the systems of control being constructed around us with so little resistance or open discussion. Paul Kingsnorth brings us an excellent article trying to make sense out of all of this. What is wrong, and what can we do about it?

Don't forget to check out the original with tons of links referenced throughout the article to explore further and verify what he claims for yourself: https://paulkingsnorth.substack.com/p/the-vaccine-moment-part-one

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: • Get Bitcoin rewards on literally everything you buy with the Fold Card (20% discount) • Buy Bitcoin automatically and painlessly with SwanBitcoin • Keep your Bitcoin keys safe on the secure, open source BitBox02 (5% discount code GUY) • Get tickets to the biggest & most exciting Bitcoin conference in the world! Bitcoin 2022 (10% discount code GUYSWANN) Learn more about your ad choices. Visit megaphone.fm/adchoices

“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 difference that is difficult to see in such a novel space? What if they aren't even in the same asset class? Nik Bhatia breaks it all down in this short, but excellent piece on why Bitcoin and Crypto, are not in fact, the same. Check out the article with lots of links for reference and further digging here.

Check out Some of Nik's other great works at the link below, or search for Nik in the Bitcoin Audible Library: https://bitcoinaudible.com/lightning-why-i-quit-the-bond-market-for-bitcoin/

Don't forget to snag your copy of Layered Money in physical or audiobook format: https://www.amazon.com/Layered-Money-Dollars-Bitcoin-Currencies-ebook/dp/B08PS293NT

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: • Get Bitcoin rewards on literally everything you buy with the Fold Card (20% discount) • Buy Bitcoin automatically and painlessly with SwanBitcoin • Keep your Bitcoin keys safe on the secure, open source BitBox02 (5% discount code GUY) • Get tickets to the biggest & most exciting Bitcoin conference in the world! Bitcoin 2022 (10% discount code GUYSWANN) Learn more about your ad choices. Visit megaphone.fm/adchoices

Layered Money: From Gold and Dollars to Bitcoin and Central Bank Digital Currencies

"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 individual. Bitcoin is our best hope for liberty. Don't miss a short, but excellent piece from Dr. Wolf Von Laer.

Find the original, plus links to other great reads on the article below: https://bitcoinmagazine.com/culture/bitcoin-single-best-shot-at-liberty

Don't forget to check out Alex Gladstein's amazing works mentioned in the commentary: https://bitcoinmagazine.com/authors/alexgladstein

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: • Get Bitcoin rewards on literally everything you buy with the Fold Card (20% discount) • Buy Bitcoin automatically and painlessly with SwanBitcoin • Keep your Bitcoin keys safe on the secure, open source BitBox02 (5% discount code GUY) • Get tickets to the biggest & most exciting Bitcoin conference in the world! Bitcoin 2022 (10% discount code GUYSWANN) Learn more about your ad choices. Visit megaphone.fm/adchoices

“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 regional experts, and what framework can we use to better assess and filter the ocean of information flooding at us everyday? Are we destined to be the victims of supposed "authorities" with no skin in the game? Or is there a path to sustainable, robust knowledge in our digital future? don't miss this one!

Check out the original with tons of great links for further reading into these concepts below! Plus drop some massive applause on this article on Medium: https://medium.com/@willemvandenbergh_85885/the-ir-relevance-of-experts-top-down-versus-bottom-up-information-flow-428bd5005d88

Don't forget Willem's previous, amazing piece on Schelling points and the natural path toward convergence on Bitcoin: https://bitcoinaudible.com/on-schelling-points-network-effects-lind/

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: • Get Bitcoin rewards on literally everything you buy with the Fold Card (20% discount) • Buy Bitcoin automatically and painlessly with SwanBitcoin • Keep your Bitcoin keys safe on the secure, open source BitBox02 (5% discount code GUY) • Get tickets to the biggest & most exciting Bitcoin conference in the world! Bitcoin 2022 (10% discount code GUYSWANN) Learn more about your ad choices. Visit megaphone.fm/adchoices

"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 by American debt. Was he just a cynic, or was there a thread of truth in his warnings of the dangers of the global dollar system and the resulting dynamics of international power. Don't miss another great piece from Gladstein!

Check out the original with many links for further exploring the pieces discussed. Plus the many other great works by Gladstein and Bitcoin Magazine: https://bitcoinmagazine.com/culture/bitcoin-replacing-us-super-imperialism

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: • Get Bitcoin rewards on literally everything you buy with the Fold Card (20% discount) • Buy Bitcoin automatically and painlessly with SwanBitcoin • Keep your Bitcoin keys safe on the secure, open source BitBox02 (5% discount code GUY) • Get tickets to the biggest & most exciting Bitcoin conference in the world! Bitcoin 2022 (10% discount code GUYSWANN) Learn more about your ad choices. Visit megaphone.fm/adchoices

Super Imperialism. The Economic Strategy of American Empire. Third Edition

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 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: • Get Bitcoin rewards on literally everything you buy with the Fold Card (20% discount code BITCOINAUDIBLE) • Buy Bitcoin automatically and painlessly with SwanBitcoin • Keep your Bitcoin keys safe on the secure, open source BitBox02 (5% discount code GUY) • Get tickets to the biggest & most exciting Bitcoin conference in the world! Bitcoin 2022 (10% discount code GUYSWANN) Learn more about your ad choices. Visit megaphone.fm/adchoices

"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 held untruths about money that we have never challenged before. Mike Hobart brings us a short, but excellent little piece on the fallacies of money, and why Bitcoin forces them to change.

Check out the original and other works by the author below: https://bitcoinmagazine.com/culture/bitcoin-changes-perception-of-money

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: • Get Bitcoin rewards on literally everything you buy with the Fold Card (20% discount) • Buy Bitcoin automatically and painlessly with SwanBitcoin • Keep your Bitcoin keys safe on the secure, open source BitBox02 (5% discount code GUY) • Get tickets to the biggest & most exciting Bitcoin conference in the world! Bitcoin 2022 (10% discount code GUYSWANN) Learn more about your ad choices. Visit megaphone.fm/adchoices

“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 whether it makes more sense that Bitcoin is an alien technology. Maybe we know that it isn't, but it is certainly hard to learn about Bitcoin without once pausing to wonder...

check out this piece plus tons of other great work from Tomer below: https://tomerstrolight.medium.com/why-people-wonder-if-bitcoin-is-alien-technology-f9fda5b018b

Mentioned in the episode for further reading/exploring: Brandon Quittem's Mycelium Series Part 1 - https://bitcoinaudible.com/bitcoin-is-a-decentralized-organism/ Part 2 - https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_224---Bitcoin-is-a-Social-Creature--Mycelium-Part-2-e3iq3u Part 3 - https://bitcoinaudible.com/bitcoin-is-the-antivirus/ Part 4 - https://bitcoinaudible.com/bitcoin-is-a-catalyst-for-human-evolution/ Bitcoin is Generational Wealth https://www.youtube.com/watch?v=3Rnqst5qCgA

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: • Get Bitcoin rewards on literally everything you buy with the Fold Card (20% discount) • Buy Bitcoin automatically and painlessly with SwanBitcoin • Keep your Bitcoin keys safe on the secure, open source BitBox02 (5% discount code GUY) • Get tickets to the biggest & most exciting Bitcoin conference in the world! Bitcoin 2022 (10% discount code GUYSWANN) Learn more about your ad choices. Visit megaphone.fm/adchoices

"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 network to embed every single byte of data into our messages and routing them across our nodes to take all that is the internet and redesign it to work on Lightning? Or do we keep lighting simple, focused, and optimized for the best, most robust decentralized payments network in the world? Choosing the right path, by Roy Sheinfeld. Drop some applause on the original at: https://medium.com/breez-technology/lightning-the-internet-choosing-the-right-path-bedfa6382316

For more digging into the philosophy & thinking behind this from the Guy's Take, here are the other episodes mentioned: Simon Morris: Lessons of Bittorrent https://bitcoinaudible.com/why-bittorrent-mattered-lessons-for-crypto-1-of-4/ Szabo: Minimizing Consumer Worry https://bitcoinaudible.com/estimating-and-minimizing-consumer-worry/

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: • Get Bitcoin rewards on literally everything you buy with the Fold Card (20% discount) • Buy Bitcoin automatically and painlessly with SwanBitcoin • Keep your Bitcoin keys safe on the secure, open source BitBox02 (5% discount code GUY) • Get tickets to the biggest & most exciting Bitcoin conference in the world! Bitcoin 2022 (10% discount code GUYSWANN) Learn more about your ad choices. Visit megaphone.fm/adchoices

“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 social sciences, politics, philosophy, governance, ethics, & economics, without studying Bitcoin? Hass argues that one simply cannot. Don’t miss today’s read

Check out the original article and links for diving in further below: https://bitcoinmagazine.com/culture/you-cant-have-ppe-curriculum-without-bitcoin

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: • Buy Bitcoin automatically and painlessly with SwanBitcoin • Get Bitcoin rewards on literally everything you buy with the Fold Card (20% discount) • Keep your Bitcoin keys safe on the secure, open source BitBox02 (5% discount code GUY) • Get tickets to the biggest & most exciting Bitcoin conference in the world! Bitcoin 2022 (10% discount code GUYSWANN) Learn more about your ad choices. Visit megaphone.fm/adchoices

"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 year party and bull market in US treasury bonds is coming to an end. But everything might not be as bleak as it seems, with Bitcoin incentivizing a return to sound money, and providing a global, neutral place to secure wealth, our current disaster could be an amazing opportunity. Don't miss an incredible piece from Avik Roy, on "Bitcoin and the US Fiscal Reckoning."

Check out the original on National Affairs at the link below: https://nationalaffairs.com/publications/detail/bitcoin-and-the-us-fiscal-reckoning

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: • Buy Bitcoin automatically and painlessly with SwanBitcoin • Get Bitcoin rewards on literally everything you buy with the Fold Card (20% discount) • Keep your Bitcoin keys safe on the secure, open source BitBox02 (5% discount code GUY) • Get tickets to the biggest & most exciting Bitcoin conference in the world! Bitcoin 2022 (10% discount code GUYSWANN) Learn more about your ad choices. Visit megaphone.fm/adchoices

"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 cash. Another brilliant piece by Alex Gladstein and published on the Bitcoin Magazine. The Holy Grail of the cypherpunk mission is here, succeeding more every day and working its way into the psyche of every citizen in the world. But where did it arise, from what philosophy was it borne, and who were the players that made this possible today? All this and more in today's amazing piece.

Check out the original article at the link below: https://bitcoinmagazine.com/culture/bitcoin-adam-back-and-digital-cash

If you are new to Bitcoin and want to go deeper into the economics and concepts that shed light on the Bitcoin system, I suggest starting with Guy's Take #44 - Bitcoin Is Not What You Think It Is

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: • Buy Bitcoin automatically and painlessly with SwanBitcoin • Get Bitcoin rewards on literally everything you buy with the Fold Card (20% discount) • Keep your Bitcoin keys safe on the secure, open source BitBox02 (5% discount code GUY) • Get tickets to the biggest & most exciting Bitcoin conference in the world! Bitcoin 2022 (10% discount code GUYSWANN) Learn more about your ad choices. Visit megaphone.fm/adchoices

"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 been on discussing more on this topic: https://www.whatbitcoindid.com/harry-sudock

••• If you haven't gotten your tickets for Bitcoin2022, DON'T WAIT! They only go up in value and you can save 10% on your tickets today with code GUYSWANN at checkout. Go to guyswann.com/2022 to snag them!

Check out our amazing sponsors below that keep this show alive, and all the things made audible for your listening pleasure! • Get sats back on everything with the Fold Card! Check them out at guyswann.com/fold for 20% off the Spin+ Card! • And keep those sats SAFE with the BitBox02 hardware wallet. 5% off with discount code "GUY" at guyswann.com/bitbox • Stack automatically every day, week, or month with low fees on a set-it-and-forget-it, Bitcoin only, savings service at SwanBitcoin.com/guy Learn more about your ad choices. Visit megaphone.fm/adchoices

"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 from Nic Carter.

Check out the original article below: https://www.coindesk.com/policy/2021/06/22/go-west-bitcoin-unpacking-the-great-hashrate-migration/

••• If you haven't gotten your tickets for Bitcoin2022, DON'T WAIT! They only go up in value and you can save 10% on your tickets today with code GUYSWANN at checkout. Go to guyswann.com/2022 to snag them!

Check out our amazing sponsors below that keep this show alive, and all the things made audible for your listening pleasure! • Get sats back on everything with the Fold Card! Check them out at guyswann.com/fold for 20% off the Spin+ Card! • And keep those sats SAFE with the BitBox02 hardware wallet. 5% off with discount code "GUY" at guyswann.com/bitbox • Stack automatically every day, week, or month with low fees on a set-it-and-forget-it, Bitcoin only, savings service at SwanBitcoin.com/guy

Learn more about your ad choices. Visit megaphone.fm/adchoices

"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 structure, and therefore one of the only things that could act as insurance to its default, say a "credit default swap" on the fiat system... how could we calculate it's worth? Greg Foss brings us an excellent piece on Bitcoin Magazine, don't miss it.

Link to the original here, as well as his far more through paper on Fixed Income investors and Bitcoin: https://bitcoinmagazine.com/markets/bitcoin-value-in-credit-default-swaps

••• If you haven't gotten your tickets for Bitcoin2022, DON'T WAIT! They only go up in value and you can save 10% on your tickets today with code GUYSWANN at checkout. Go to guyswann.com/2022 to snag them!

Check out our amazing sponsors below that keep this show alive, and all the things made audible for your listening pleasure! • Get sats back on everything with the Fold Card! Check them out at guyswann.com/fold for 20% off the Spin+ Card! • And keep those sats SAFE with the BitBox02 hardware wallet. 5% off with discount code "GUY" at guyswann.com/bitbox • Stack automatically every day, week, or month with low fees on a set-it-and-forget-it, Bitcoin only, savings service at SwanBitcoin.com/guy Learn more about your ad choices. Visit megaphone.fm/adchoices

“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 podcast, check out Read 544 - Another Way to Think of Bitcoin’s Value, linked here:

••• If you haven't gotten your tickets for Bitcoin2022, DON'T WAIT! They only go up in value and you can save 10% on your tickets today with code GUYSWANN at checkout. Go to guyswann.com/2022 to snag them!

Check out our amazing sponsors below that keep this show alive, and all the things made audible for your listening pleasure! • Get sats back on everything with the Fold Card! Check them out at guyswann.com/fold for 20% off the Spin+ Card! • And keep those sats SAFE with the BitBox02 hardware wallet. 5% off with discount code "GUY" at guyswann.com/bitbox • Stack automatically every day, week, or month with low fees on a set-it-and-forget-it, Bitcoin only, savings service at SwanBitcoin.com/guy Learn more about your ad choices. Visit megaphone.fm/adchoices

"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 fragility, and why the only correction must come from outside the system. The only external force to an ever centralizing system, is one of complete decentralization. This is part 2 of a 2 part read, don't forget to listen to Part 1 before diving in.

Check out the original at the link below, with tons of excellent data and graphics accompanying it that help give the magnitude of the situation we find ourselves in: https://bitcoinmagazine.com/markets/bitcoin-is-driving-autonomy-over-authority

Check out our amazing sponsors below that keep this show alive, and all the things made audible for your listening pleasure! • Get sats back on everything with the Fold Card! Check them out at guyswann.com/fold for 20% off the Spin+ Card! • And keep those sats SAFE with the BitBox02 hardware wallet. 5% off with discount code "GUY" at guyswann.com/bitbox • Stack automatically every day, week, or month with low fees on a set-it-and-forget-it, Bitcoin only, savings service at SwanBitcoin.com/guy Learn more about your ad choices. Visit megaphone.fm/adchoices

"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 institutions of authority. This is part 1 of 2 in a brilliant perspective on the state of the world and economy, and where Bitcoin fits into it all.

Check out the original at the link below, with tons of excellent data and graphics accompanying it that help give the magnitude of the situation we find ourselves in: https://bitcoinmagazine.com/markets/bitcoin-is-driving-autonomy-over-authority

Check out our amazing sponsors below that keep this show alive, and all the things made audible for your listening pleasure! • Get sats back on everything with the Fold Card! Check them out at guyswann.com/fold for 20% off the Spin+ Card! • And keep those sats SAFE with the BitBox02 hardware wallet. 5% off with discount code "GUY" at guyswann.com/bitbox • Stack automatically every day, week, or month with low fees on a set-it-and-forget-it, Bitcoin only, savings service at SwanBitcoin.com/guy Learn more about your ad choices. Visit megaphone.fm/adchoices

"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 philosophical justifications. From an economic perspective, we walkthrough our concerns that “crypto” has not shown a path to establishing a basis for justifiable real-world value, explain why we believe this would be very difficult to ever accomplish, and suggest therefore that their technical flaws are especially vulnerable. Given the complexity of the task we have set ourselves, this piece is intended to bring our arguments into long form and provide a discussion base for good faith disagreement." - Allen Farrington & Big Al

Section Summaries: Part 1 - The Innovation From First Principles Part 2 - Crypto is Not Decentralized Part 3 - Crypto is Not Finance Part 4 - The "Investment" Rationale Part 5 - Layered Architecture and Gall's Law Part 6 - Why We Might Be Wrong Find the original work and further details in the appendices here: https://www.uncerto.com/only-the-strong-survive

This unabridged reading was brought to you by the BitBox hardware wallet, the open source vault for your Bitcoin keys; The Fold Card, earn sats back rewards on everything you purchase; and Swan Bitcoin, the automatic Bitcoin purchase plan for every Bitcoiner. Learn more about your ad choices. Visit megaphone.fm/adchoices

"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 of the masses, and of the Remnant. Why Isaiah the profit knew his message would not be received by the masses, why they did not have the force of character to live by it, & why it wouldn't stop the ultimate collapse of society, but despite this, his message would serve the Remnant, and they would be those who built the world back from the rubble.

Check out the original at the link below, and explore other works by Albert Jay Nock https://mises.org/library/isaiahs-job

Check out our amazing sponsors below that keep this show alive, and all the things made audible for your listening pleasure! • Get sats back on everything with the Fold Card! Check them out at guyswann.com/fold for 20% off the Spin+ Card! • And keep those sats SAFE with the BitBox02 hardware wallet. 5% off with discount code "GUY" at guyswann.com/bitbox • Stack automatically every day, week, or month with low fees on a set-it-and-forget-it, Bitcoin only, savings service at SwanBitcoin.com/guy Learn more about your ad choices. Visit megaphone.fm/adchoices

“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 Al, "Only the Strong Survive" with Part 3. Why "Crypto" is a violation of Gall's Law, a fundamental philosophy of engineering all complex ecosystems and institutions, and why it's very likely all that is actually valuable in Crypto, is likely to find its way on top of Bitcoin. Don't miss the epic conclusion of "Only The Strong Survive."

Follow Allen and Big Al for some top notch twitter experience and tons of other great work. Find more of their writing by exploring the audio library at BitcoinAudible.com

Check out our amazing sponsors below that keep this show alive, and all the things made audible for your listening pleasure! • Get sats back on everything with the Fold Card! Check them out at guyswann.com/fold for 20% off the Spin+ Card! • And keep those sats SAFE with the BitBox02 hardware wallet. 5% off with discount code "GUY" at guyswann.com/bitbox • Stack automatically every day, week, or month with low fees on a set-it-and-forget-it, Bitcoin only, savings service at SwanBitcoin.com/guy Learn more about your ad choices. Visit megaphone.fm/adchoices

"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 we continue our journey through the incredible piece from Allen Farrington & Big Al, "Only the Strong Survive." Today we dive deep into the logical reasons why "Crypto" is not actually finance, and what the fundamental errors are made in the investment rationale. Part 3 is on the way, so don't forget to subscribe!

Follow Allen and Big Al for some top notch twitter experience and tons of other great work. Find more of their writing by exploring the audio library at BitcoinAudible.com

Check out our amazing sponsors below that keep this show alive, and all the things made audible for your listening pleasure! • Get sats back on everything with the Fold Card! Check them out at guyswann.com/fold for 20% off the Spin+ Card! • And keep those sats SAFE with the BitBox02 hardware wallet. 5% off with discount code "GUY" at guyswann.com/bitbox • Stack automatically every day, week, or month with low fees on a set-it-and-forget-it, Bitcoin only, savings service at SwanBitcoin.com/guy Learn more about your ad choices. Visit megaphone.fm/adchoices

"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 long term value in "Crypto" beyond Bitcoin. Starting with section 1 on the true innovation of Bitcoin, and section 2 on why "Crypto" is not actually decentralized. 2 More Parts coming later this week so don't forget to subscribe!

Follow Allen and Big Al for some top notch twitter experience and tons of other great work. Find more of their writing by exploring the audio library at BitcoinAudible.com

Check out our amazing sponsors below that keep this show alive, and all the things made audible for your listening pleasure! • Get sats back on everything with the Fold Card! Check them out at guyswann.com/fold for 20% off the Spin+ Card! • And keep those sats SAFE with the BitBox02 hardware wallet. 5% off with discount code "GUY" at guyswann.com/bitbox Learn more about your ad choices. Visit megaphone.fm/adchoices

“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 political regime. You don't want to miss this one.

Check out the original article and tons of other incredible work by Gladstein & others at Bitcoin Magazine: https://bitcoinmagazine.com/culture/the-polarity-of-bitcoin-in-el-salvador

Endless thanks to Bitcoin Magazine and the LTB Network for the incredible content they bring to the Bitcoin ecosystem.

Check out our amazing sponsors below that keep this show alive, and all the things made audible for your listening pleasure! • Get sats back on everything with the Fold Card! Check them out at guyswann.com/fold for 20% off the Spin+ Card! • And keep those sats SAFE with the BitBox02 hardware wallet. 5% off with discount code "GUY" at guyswann.com/bitbox Learn more about your ad choices. Visit megaphone.fm/adchoices

"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 of creative destruction that the most significant innovations create in the economic order. What is Bitcoin in this view, and how might these cycles map onto of the cycles within the Bitcoin system itself?

Check out the article, plus the others mentioned in today's episode for further exploring the cycles of Bitcoin, innovation, and society: The Schumpeterian Bitcoin Cycle: https://goorha.medium.com/the-schumpeterian-bitcoin-cycle-e79543443bdf

Bitcoin and the Rhythms of History - By Brandon Quittem: https://bitcoinaudible.com/bitcoin-and-the-rhythms-of-history/

Check out our amazing sponsors below that keep this show alive, and all the things made audible for your listening pleasure! • The Fold Card will get you SATS BACK on EVERYTHING! You don't want to miss this with the Fold debit card, and gift card selection on the Fold App. Everything you already buy, except with sats back! Check them out at guyswann.com/fold for 5,000 free sats for signing up. • And the BitBox02 hardware wallet for keeping those sats SAFE! You need a secure, intuitive way to hold your digital money in a digital vault. That's the BitBox02 hardware wallet. Get 5% off with discount code "GUY" at guyswann.com/bitbox Learn more about your ad choices. Visit megaphone.fm/adchoices

"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 growth? What if the best path forward to renew US growth and its importance in the global economy, was to adopt a Bitcoin standard? Don't miss another great Bitcoin Magazine read, this one from Ansel Lindner.

Check out the original article below, plus tons of other great works at Bitcoin Magazine: https://bitcoinmagazine.com/markets/how-bitcoin-could-replace-the-u-s-dollar

Check out our amazing sponsors below that keep this show alive, and all the things made audible for your listening pleasure! • The Fold Card will get you SATS BACK on EVERYTHING! You don't want to miss this with the Fold debit card, and gift card selection on the Fold App. Everything you already buy, except with sats back! Check them out at guyswann.com/fold for 5,000 free sats for signing up. • And the BitBox02 hardware wallet for keeping those sats SAFE! You need a secure, intuitive way to hold your digital money in a digital vault. That's the BitBox02 hardware wallet. Get 5% off with discount code "GUY" at guyswann.com/bitbox Learn more about your ad choices. Visit megaphone.fm/adchoices

"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, only makes it stronger. Why Bitcoin is so much more than money. Why Bitcoin will end the worst heist in history, & 20 other amazing chapters in this incredible series by Tomer Strolight, covering so many different perspectives of Bitcoin. See and understand this incredible new technology from every angle imaginable, and find the answer to why Bitcoin?

Check out the full book PDF available at Swan Bitcoin below: swanbitcoin.com/whybitcoin

Check out our amazing sponsors below that keep this show alive, and all the things made audible for your listening pleasure! • The Fold Card will get you SATS BACK on EVERYTHING! You don't want to miss this with the Fold debit card, and gift card selection on the Fold App. Everything you already buy, except with sats back! Check them out at guyswann.com/fold for 5,000 free sats for signing up. • And the BitBox02 hardware wallet for keeping those sats SAFE! You need a secure, intiutive way to hold your digital money in a digital vault. That's the BitBox02 hardware wallet. Get 5% off with discount code "GUY" at guyswann.com/bitbox • Open an IRA with iTrustCapital to invest in Bitcoin & Physical Gold TAX-FREE. Get 1 month FREE with discount code "GUY" by going to the link below: https://rebrand.ly/guyswann Learn more about your ad choices. Visit megaphone.fm/adchoices

"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 of a global, open monetary system. This is a major more toward a Bitcoin Standard. Listen to find out more.

Check out all the incredible work by DerGigi and follow him at DerGigi.com: https://dergigi.com/2021/09/09/moving-towards-a-bitcoin-standard/ Plus the threads covered in the Guy's Take from BitcoinBeach linked below: https://twitter.com/Bitcoinbeach/status/1434520062208118785?s=20

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"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, and so much more, Bitcoin is becoming the impossible to ignore. Lindy in full display, Bitcoin may be doing more than simply winning, it may have already won. First time author Akarsh brings us a fun, short piece making the case that the battle is already over, we are simply waiting for the dust to settle.

Check out the original piece on Medium and the other works by Akarsh at the link below: https://akarshnalawade01.medium.com/bitcoin-has-already-won-ea028936f016

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"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 the long, ongoing debate about the resource costs of the Gold standard.

Check out the original article at the link below, plus tons of great stuff from Bitcoin Magazine: https://bitcoinmagazine.com/culture/bitcoin-and-gold-energy-debate

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“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 bitcoin, because she hid the seed to her Bitcoin wallet on a piece of tiny, innocuous-looking paper. Thieves could not take what they could not find.” - Alex Gladstein

You don't want to miss another excellent piece in the incredible ongoing works by Alex Gladstein. Thanks to Bitcoin Magazine for this incredible work and continuing to put out so much incredible stuff for the Bitcoin space!

Check out the article below for links to dig further and a huge collection of other excellent works at Bitcoin Magazine: https://bitcoinmagazine.com/culture/bitcoin-financial-freedom-in-afghanistan

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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.apple.com/us/podcast/part-of-the-problem/id833706616

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"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've just discovered Bitcoin, and I'm here to fix it." Is any of her theory correct? Or does she base her entire theory upon false assumptions about money? Find the entire thread and comments at the link below: https://twitter.com/RealNatashaChe/status/1428431581077667842

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“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 in the official conversion, & where the chance to accumulate wealth and engage in trade is a privilege for the few. With Bitcoin and internet finding their way to this lost country, a chance for a better future may be on the horizon. Don't miss another incredible piece from Gladstein & Bitcoin Magazine.

Check out the original at Bitcoin Magazine, plus the other amazing works recently published over there at the link below: https://bitcoinmagazine.com/culture/cubas-bitcoin-revolution

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"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 Dan Kaminsky who saw Bitcoin as an inevitable disaster that he couldn't wait to tear apart, only to be stopped at every tactic he used by code that "simply knew better." We lost Dan this past year from complications due to diabetes, and it's sad to lose such a major contributor to the security of the internet. RIP Dan, your contributions won't be forgotten.

I Tried Hacking Bitcoin And I Failed: https://www.businessinsider.com/dan-kaminsky-highlights-flaws-bitcoin-2013-4

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"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 usage, but bitcoins are used by more people, and the network scales far better." - Lyn Alden

Today we read an amazing and comprehensive view of the entire argument around Bitcoin and energy with all of the fallacies and misunderstandings. Is Bitcoin's energy use really a problem? Find out!

Check out the full article with tons of extra to help visualize the arguments and explore further at the Swan Bitcoin blog: https://www.swanbitcoin.com/bitcoins-energy-usage-is-not-a-problem-heres-why-by-lyn-alden/

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"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://bitcoinaudible.com/shelling-out-the-origins-of-money/ Money, Blockchains & Social Scalability: https://bitcoinaudible.com/money-blockchains-and-social-scalability/

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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 history of monetary expansion, the constant, and inevitable consequences, and how Bitcoin is set to change the fundamental flaw through which such manipulation is even possible. We are entering a new world. Are you ready?

Some other links to check out! • Fiat Lux: The Origins of Modern Money: https://heavilyarmedclown.medium.com/fiat-lux-the-origins-of-modern-money-469dbc47567b • WTF Happened in 1971?: https://wtfhappenedin1971.com/ • History of Money and Banking in the United States: https://cdn.mises.org/History%20of%20Money%20and%20Banking%20in%20the%20United%20States%20The%20Colonial%20Era%20to%20World%20War%20II_2.pdf • What Bitcoin Did: https://www.whatbitcoindid.com/podcast/wtf-is-happening-in-2020

Check out tons of other great works & discussion at BitcoinAudible.com! Search the library for any topic or work you would like to hear, including other great pieces from Erik Cason.

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"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 the Bitcoin industry. This will be a disaster for the open monetary network within the United States. Today we read a great thread breaking down the issue from Jake Chervinsky and talk at length about what we can do. Take a short time to call your senator or representative or use the resist.bot to automatically send an email at the below links: guyswann.com/senator guyswann.com/representative guyswann.com/resist

Check out tons of other great works & discussion at BitcoinAudible.com! Search the library for any topic or work you would like to hear, including other great pieces from Erik Cason. Don't forget your goodies from our awesome sponsors!

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"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 how Lightning has brought us to today, and how to scale it to the entire world. Even though it's often thought of as a part of the background regarding the recent El Salvador announcement, to the contrary, it's truly at the center of everything that is happening. With a major shout out to Michael Peterson from Bitcoin beach and the Lightning proof of concept, we read Roy's excellent article, "Scaling Lightning: To El Zonte... And Beyond!"

Link to the article for further reading and links to related services: https://bitcoinmagazine.com/culture/scaling-lighting-el-zonte

For the best resource on news, information, essays, and education in the Bitcoin space, don't forget to check out the incredible BitcoinMagazine and the LTBNetwork for other shows all about the developments in this ecosystem!

Check out tons of other great works & discussion at BitcoinAudible.com! Search the library for any topic or work you would like to hear, including other great pieces from Erik Cason. Don't forget your goodies from our awesome sponsors!

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“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 takes a deep dive into Palestine and how they have ben bled dry of their capital and manufacturing base over 50 years in significant part through a monetary and banking system completely controlled by external powers. And how Bitcoin may be a spark of hope to begin changing that harsh reality.

Could Bitcoin be Palestine's Currency of Freedom? https://bitcoinmagazine.com/culture/can-bitcoin-bring-palestine-freedom

For the best resource on news, information, essays, and education in the Bitcoin space, don't forget to check out the incredible BitcoinMagazine and the LTBNetwork for other shows all about the developments in this ecosystem!

Check out tons of other great works & discussion at BitcoinAudible.com! Search the library for any topic or work you would like to hear, including other great pieces from Erik Cason. Don't forget your goodies from our awesome sponsors!

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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 BitcoinAudible.com! Search the library for any topic or work you would like to hear, including other great pieces from Erik Cason. Don't forget your goodies from our awesome sponsors!

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"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 value. So goes the criticism." - Bradley Rettler

Why is it so difficult for people to wrap their heads around the idea of Bitcoin's value? Its always met with criticisms like "but it doesn't have intrinsic value," or "but its not backed by anything." In this context, what does intrinsic value even mean, and does Bitcoin have any of it? Dr. Bradley Rettler brings us a great breakdown at Bitcoin Magazine on the philosophy of value & what, if anything, actually has intrinsic value at all.

Another Way to Think About Bitcoin's Value: https://bitcoinmagazine.com/culture/bitcoin-intrinsic-value-definition

Check out tons of other great works & discussion at BitcoinAudible.com! Search the library for any topic or work you would like to hear, including other great pieces from Erik Cason. Don't forget your goodies from our awesome sponsors!

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"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 the obvious insanity of the Tulip craze in 17th century Dutch markets... what if they were actually referring to something that never really happened? What was the Tulip bubble really and was it exactly what it was made out to be? Or something far more boring?

Dont miss this excellent article from Smithsonian Mag and author Lorraine Boissoneault that digs into the truth behind the myth, and about the not so manic Tulip Mania.

Link the the original article, plus the source work by Anne Goldgar who did extensive research and found out the truth behind the myth: https://www.smithsonianmag.com/history/there-never-was-real-tulip-fever-180964915/ https://press.uchicago.edu/ucp/books/book/chicago/T/bo5414939.html

Check out tons of other great works & discussion at BitcoinAudible.com! Search the library for any topic or work you would like to hear, including other great pieces from Erik Cason. Don't forget your goodies from our awesome sponsors!

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"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 as huge transaction aggregators that enables the quick deployment of any desired feature, an open landscape for design & privacy technology, & will allow Bitcoin to scale to every user in the world, and beyond.

Sidechains for Scaling, Thunder Network: https://www.truthcoin.info/blog/thunder/

Check out the "Lessons from Bittorrent Series" covered on the show that was mentioned in the commentary: https://bitcoinaudible.com/why-bittorrent-mattered-lessons-for-crypto-1-of-4/

Check out tons of other great works & discussion at BitcoinAudible.com! Search the library for any topic or work you would like to hear, including other great pieces from Erik Cason. Don't forget your goodies from our awesome sponsors!

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"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 one would have ever taken such projects seriously, but enter the ability to make money off fools and everything changes. Dont miss an incredible piece from Bitcoin developer Andrew Poelstra atempting to break down the major flaws and failures of philosophy on the entirety of what is know today as "altcoins."

A Treatise on Altcoins: https://download.wpsoftware.net/bitcoin/alts.pdf

Check out tons of other great works & discussion at BitcoinAudible.com! Search the library for any topic or work you would like to hear, including other great pieces from Erik Cason. Don't forget your goodies from our awesome sponsors!

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"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 that have been the foundation for the outlaw of slavery, the civil rights movement, & human rights movements around the world. So where do we separate "America the idea" from "America the political system?" What was missed in the founding documents that allowed the experiment to still fail so many? Does Bitcoin have a role to play by re-empowering these core principles of individual liberty? Another brilliant piece from Alex Gladstein & Bitcoin Magazine, don't miss today's show! https://bitcoinmagazine.com/culture/bitcoin-and-the-american-idea

Check out tons of other great works & discussion at BitcoinAudible.com! Search the library for any topic or work you would like to hear, including other great pieces from Erik Cason. Don't forget your goodies from our awesome sponsors!

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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 together and hope to be able to do this again soon!

Check out tons of other great works & discussion at BitcoinAudible.com! Search the library for any topic or work you would like to hear, including other great pieces from Erik Cason.

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"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 & understanding of human liberty external to the state apparatus, & how Bitcoin changes the nature of political law, forever. Get ready, the rabbit hole is about to get crazy.

Dont' forget to check out tons of other great works at BitcoinAudible.com! Search the library for any topic or work you would like to hear, including other great pieces from Erik Cason.

Don't forget your goodies from our awesome sponsors! 5% off the BitBox02 with code "GUY," your bank grade digital vault for your Bitcoin keys from Shiftcrypto.ch And $10 in sats for FREE by starting your automatic savings plan at SwanBitcoin.com/guy Learn more about your ad choices. Visit megaphone.fm/adchoices

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 differences with credit deflation, the boogeyman it's been confused with, & what sound money gives to the economy that uses it.

Some other great episodes mentioned in today's show to expand on the ideas & go further down the rabbit hole:

The Use of Knowledge in Society

https://bitcoinaudible.com/hayeks-use-of-knowledge-in-society-part-1-2/

Guy's Take #18 - A Story of Booms and Busts

https://bitcoinaudible.com/a-story-about-booms-busts/

Guy's Take #36 - Walking Tall

https://bitcoinaudible.com/guys-take-36-walking-tall/

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"As Victor Hugo reminds us: nothing is as powerful as an idea whose time has come. Bitcoin is here to stay; and Bitcoin’s time is now." - DerGigi

Another chapter in Gigi's upcoming book 21 Ways, today's article covers some of the prehistory, the origins, the breakthroughs, and the meaning of the Bitcoin system. Gigi always comes through with excellent work, and this one doesn't disappoint. Check out his patreon to stay up on his other projects and support his content. Plus the incredible body of work on his website at the links below.

https://www.patreon.com/dergigi https://dergigi.com/2021/06/13/bitcoin-is-an-idea/

Explore the entire library of audio works at BitcoinAudible.com, plus vote for your favorites to be heard on the show!

Our amazing sponsors for today's show, keeping Bitcoin Audible alive! The BitBox02 hardware wallet for the trifecta of ease of use, security, & open source key storage. SwanBitcoin.com for the automatic Bitcoin savings plan, automatic withdrawal, & low fee sat stacking. Learn more about your ad choices. Visit megaphone.fm/adchoices

"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 dirty details of the oppressive CFA monetary regime used, much like the petrodollar, to control and consume resources from foreign nations into French coffers. A common story in monetary systems, it's used as a tool for power, privilege, & political control. Hear the stories on the ground of those who saw this colonialism, and how they hope to stop it. Another from the irreplaceable publication of BitcoinMagazine. 👏🏻

Check out the original and other great pieces from Bitcoin Magazine below: https://bitcoinmagazine.com/culture/bitcoin-a-currency-of-decolonization

Search for the many other pieces by Gladstein in the Bitcoin Audible Library: https://BitcoinAudible.com

Follow the amazing people discussed and mentioned in this piece: https://twitter.com/Farida_N https://twitter.com/diopfode https://twitter.com/fpigeaud https://twitter.com/nssylla

Our amazing sponsors for today's show, keeping Bitcoin Audible alive! The BitBox02 hardware wallet for the trifecta of ease of use, security, & open source key storage. SwanBitcoin.com for the automatic Bitcoin savings plan, automatic withdrawal, & low fee sat stacking Learn more about your ad choices. Visit megaphone.fm/adchoices

"A deflationary monetary system of absolute hard money acts as a mirror for value creation. It is a compass to guide us toward a better economic path." - Aaron Segal

From Bitcoin Magazine, we hit a fantastic piece on the nature of money as a tool for reducing informational entropy. Why a finite supply money, is ultimately the most pure form of money able to translate technological innovation into decreased uncertainty in an economic system. Don't miss Segal's "Bitcoin Information Theory"

Check out the original and other great pieces at Bitcoin Magazine: https://bitcoinmagazine.com/culture/bitcoin-information-theory-bit

The other excellent pieces mentioned that dig further into this topic, the ideas of pricing in an economy, & why our system has been skewed to strip the economic machine of growth and productivity: "The Capital Strip Mine" by Allen Farringtion: https://bitcoinaudible.com/the-capital-strip-mine/ "The Use of Knowledge in Society" by F.A. Hayek: https://bitcoinaudible.com/hayeks-use-of-knowledge-in-society-part-1-2/

And our amazing sponsors for today's show, keeping Bitcoin Audible alive! The BitBox02 hardware wallet for the trifecta of ease of use, security, & open source key storage. SwanBitcoin.com for the automatic Bitcoin savings plan, automatic withdrawal, & low fee sat stacking. Learn more about your ad choices. Visit megaphone.fm/adchoices

"A network effect is an attribute of a company or other system such that as more people use the network, the network becomes exponentially more valuable for each user. It’s one of the strongest economic moats that a system can have against competitors." - Lyn Alden

Another excellent piece today from the newsletter of Lyn Alden, making sense of network effects, what they are & how fundamental they are to success. Breaking down the network effects of Bitcoin and the state of the ecosystem and institutional adoption. And lastly its comparison to the rest of the “Crypto” industry and where we can or cannot compare them.

Analyzing Bitcoin's Network Effect: https://www.lynalden.com/bitcoins-network-effect/

For the Ray Youssef panel mentioned, Bitcoin 2021: Onboarding One Billion Bitcoiners https://www.youtube.com/watch?v=MfvLz81EVhI

And our lovely sponsors who make Bitcoin Audible possible: ShiftCrypto with the BitBox02 hardware wallet for sovereignty, simplicity, & security of your Bitcoin keys. Get 5% off with discount code "GUY" SwanBitcoin.com for your automatic, no hassle, & low cost Bitcoin savings plan. Set it once and it never stops stacking for your future self! $10 free sats for signing up at my ref link. Learn more about your ad choices. Visit megaphone.fm/adchoices

“All this to say, there is no optimistic version of the future in which humanity does not use significantly more energy than it does today.” - Hodl’n Caulfield & Selene Lindstrom What is the connection between Bitcoin, human prosperity, and the fundamental process of commanding energy to solve our problems? Bitcoin isn’t just a monetary and financial solution, its also revolutionary in the simple fact that it replaces a problem of violence and authority, merely through the burning of energy. How could we make the case that not only should we not scorn this amazing feat, but that we should want far more energy used by the system, to protect far more people around the world from systemic corruption of money? Check out the original and drop some crazy applause on this one on medium: https://bitcoinandenergy.medium.com/bitcoin-mining-and-the-case-for-more-energy-90094ce25fac Don’t forget to follow the authors on Twitter for more of their future work: https://twitter.com/stackerintherye https://twitter.com/selenelindstr6

And a shout out to our amazing sponsors to the show: ShiftCrypto with the BitBox02 hardware wallet for sovereignty, simplicity, & security of your Bitcoin keys. Get 5% off with discount code "GUY" SwanBitcoin.com for your automatic, no hassle, & low cost Bitcoin savings plan. Set it once and it never stops stacking for your future self! $10 free sats for signing up at my ref link. Learn more about your ad choices. Visit megaphone.fm/adchoices

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 Learn more about your ad choices. Visit megaphone.fm/adchoices

"For those with the curiosity to look, Bitcoin has emerged as a vast and mysterious space to explore with treasures, dangers, and untold potential." - Tomer Strolight

Going through the incredible short, but profound pieces in the Why Bitcoin series by Tomer Strolight. An incredible walk through the many fundamental characteristics of Bitcoin. Why should we choose it, why is it backed by physics, why does its buying power keep rising, why is it the new frontier, and more in this first episode. Don't miss it!

For more digging into what happened in El Salvador and what the legal tender dstatus means, check out the awesome SSL podcast we did with Tomer, Alex Gladstein, Brady Swenson, & myself earlier today. Careful not to get too bullish: https://www.youtube.com/watch?v=p_WC-AU8df8

Then for diving deeper into Proof of Work, check out the great pieces by Hugo Nguyen mentioned in the commentary: Anatomy of Proof of Work: https://bitcoinaudible.com/anatomy-of-proof-of-work-part-1/ Bitcoin, Chance & Randomness: https://bitcoinaudible.com/bitcoin-chance-and-randomness-part-2/

ShiftCrypto with the BitBox02 hardware wallet for the secure, safe ship for sailing the open seas to this new frontier! And SwanBitcoin.com for the strong sails pointed in the right direction. Toward a sovereign future, auto stacking & DCA into Bitcoin Learn more about your ad choices. Visit megaphone.fm/adchoices

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. Learn more about your ad choices. Visit megaphone.fm/adchoices

If you haven't seen it, don't miss out on this moment in history. Jack Mallers' announcement and speech at Bitcoin2021 on the massive moves they are making with Strike, the infrastructure being built in the developing world, & the move by the President of El Salvador to make Bitcoin a legal Tender within the country and make it part of the national strategy to bring financial inclusion, monetary independence, and an infrastructure that will take them into the future with Bitcoin. This is the beginning of some massive.

Don't miss today's episode and the link below to dig more into this incredible development. Jack Mallers at Bitcoin 2021: https://www.youtube.com/watch?v=_59hrgTiRJU Tweets related to this news & read on this episode: https://twitter.com/WilliamSorianoH/status/1401737638290280452?s=20 https://twitter.com/nayibbukele/status/1401955382533165062?s=20 https://twitter.com/nayibbukele/status/1401622548396314631?s=20 https://twitter.com/nayibbukele/status/1401335885497524226?s=20 https://twitter.com/carlitosrejala/status/1401712725886132224?s=20 https://www.thestreet.com/crypto/bitcoin/panama-may-join-el-salvador-and-paraguay-in-bitcoin-adoption https://twitter.com/gabrielsilva8_7/status/1401965129051389958?s=20 https://twitter.com/FabioOstermann/status/1401988499893587968?s=20

And a shout out to our amazing sponsors to the show: ShiftCrypto with the BitBox02 hardware wallet for sovereignty, simplicity, & security of your Bitcoin keys. Get 5% off with discount code "GUY" SwanBitcoin.com for your automatic, no hassle, & low cost Bitcoin savings plan. Set it once and it never stops stacking for your future self! $10 free sats for signing up at my ref link. Learn more about your ad choices. Visit megaphone.fm/adchoices

"If there is ever competition for the energy that the Bitcoin miners are buying, the miners turn off their machines, perhaps to turn them back on later in a real-time response to grid loads. This relationship is poorly understood by many, leading to a popular but incorrect assumption that Bitcoin is “wasting” energy that could be used for other projects." - Alex Gladstein

Another amazing piece from Gladstein, this time breaking down the incentives and elements of Bitcoin and Bitcoin mining that has the potential to transform the developing world's capacity for capital accumulation, sustainable economic activity, & bootstrapping of renewable energy production and expansion of the much needed electrification. Don't miss this piece!

Check out the original and Gladstein’s other incredible work below: https://bitcoinmagazine.com/culture/bitcoin-is-humanitarian-and-environmental

A big thanks to BitcoinMagazine and the LTBNetwork for the invaluable & dedicated resource they have been to the Bitcoin community for so many years.

And a shout out to our amazing sponsors to the show: ShiftCrypto with the BitBox02 hardware wallet for sovereignty, simplicity, & security of your Bitcoin keys. Get 5% off with discount code "GUY" SwanBitcoin.com for your automatic, no hassle, & low cost Bitcoin savings plan. Set it once and it never stops stacking for your future self! $10 free sats for signing up at my ref link. Learn more about your ad choices. Visit megaphone.fm/adchoices

“At the core of economists’ fallacy is the belief that money is money by decree (because the state and its expert economists say so), which means they don’t fully recognise the power held by people’s collective decisions.” - Mick Morucci A Bitcoin Magazine read today on why it is that the modern anthropologist may actually have a better grasp of Bitcoin and its incredible potential, than the mainstream economist does. A fascinating perspective from Anthropologist & economist Mick Morucci, on the unique insight he brings from 2 different disciplines. Check out the original at the link below: https://bitcoinmagazine.com/culture/anthropologists-are-interested-in-bitcoin Wired For Story: https://www.amazon.com/Wired-Story-Writers-Science-Sentence/dp/1607742454/ref=pd_rhf_gw_p_t_1_FMXR Big thanks to our sponsors! ShiftCrypto for the secure, open source BitBox02 hardware wallet and other great tools for securing your Bitcoin keys and backups SwanBitcoin.com for the automatic, no hassle, no selling, set it and forget it Bitcoin savings plan. Learn more about your ad choices. Visit megaphone.fm/adchoices

Wired for Story: The Writer's Guide to Using Brain Science to Hook Readers from the Very First Sentence

“Technologies of anonymous communication, anonymous currency, and reputation systems have been invented. They cannot be un-invented. These are all the ingredients needed to build a circular economy with strong privacy in cyber-space” - NoPara73 Today we dive back into some of the most important concepts in Bitcoin, and some of the fundamental goals Bitcoin was created to facilitate. Privacy, Fungibility, & anonymity. What are they, how do they relate to each other, and what can we do to preserve them within the Bitcoin system? Check out the original article and drop some epic applause on this piece on medium! https://nopara73.medium.com/privacy-fungibility-anonymity-451d029355f7 Follow nopara73 on Twitter: https://twitter.com/nopara73 An excellent discussion of the importance of privacy in today’s world with Glenn Greenwald: https://www.youtube.com/watch?v=pcSlowAhvUk Big thanks to our sponsors! ShiftCrypto for the secure, open source BitBox02 hardware wallet and other great tools for securing your Bitcoin keys and backups SwanBitcoin.com for the automatic, no hassle, no selling, set it and forget it Bitcoin savings plan. Learn more about your ad choices. Visit megaphone.fm/adchoices

"deflation is the natural order of a productive economy. If we were using a hard money standard like gold, for example, we would expect products to get cheaper over time relative to the value of our golden money, thanks to technological and productivity improvements over time, which make them cheaper relative to the number of labor hours required to produce them.” - Lyn Alden

Concluding the amazing breakdown of the current macroeconomic conditions of the dollar, how much money is actually being injected into the system, and what inflationary/deflationary forces are at play to make sense of what out monetary future holds.

Don't forget to check out the original to dig deeper down the rabbit hole on these topics & follow Lyn's incredible blog: https://www.lynalden.com/quantitative-easing-mmt-inflation/

Other of Lyn's great work from the show: 7 Misconceptions About Bitcoin: https://bitcoinaudible.com/7-misconceptions-about-bitcoin/

The Fraying of the Petrodollar System Part 1 & 2: https://bitcoinaudible.com/the-fraying-of-the-petrodollar-system-part-1/ https://bitcoinaudible.com/the-fraying-of-the-petrodollar-system-part-2/

Big thanks to our sponsors! ShiftCrypto for the secure, open source BitBox02 hardware wallet and other great tools for securing your Bitcoin keys and backups SwanBitcoin.com for the automatic, no hassle, no selling, set it and forget it Bitcoin savings plan. Learn more about your ad choices. Visit megaphone.fm/adchoices

"Quantitative easing (QE) occurs when central banks, such as the U.S. Federal Reserve, create new money to buy government bonds or other securities. Some people fear that it will cause high inflation or even hyper-inflation and that it is essentially money-printing, while others suggest that it has no impact on inflation because the money that is newly-created or “printed” gets locked away... Based on history and math, the inflationary side of the argument is eventually correct, but with a lot of nuance along the way." - Lyn Alden Another amazing piece from Lyn Alden breaking down & "steel manning" the concepts of QE & MMT. How they claim to work in theory and when they are/are not “money printing” and what their major failures are. This is a great one for making sense of the macroeconomic situation and trying to wrap your head around some of these very vague and often purposefully obscure concepts around monetary policy to get down to the truth behind what’s happening.

Check out the charts and other great links to dig deeper down the rabbit hole on these topics, or get a head start on tomorrows Part 2: https://www.lynalden.com/quantitative-easing-mmt-inflation/

7 Misconceptions About Bitcoin: https://bitcoinaudible.com/7-misconceptions-about-bitcoin/

The Fraying of the Petrodollar System Part 1 & 2: https://bitcoinaudible.com/the-fraying-of-the-petrodollar-system-part-1/ https://bitcoinaudible.com/the-fraying-of-the-petrodollar-system-part-2/

Big thanks to our sponsors! ShiftCrypto for the secure, open source BitBox02 hardware wallet and other great tools for securing your Bitcoin keys and backups SwanBitcoin.com for the automatic, no hassle, no selling, set it and forget it Bitcoin savings plan. Learn more about your ad choices. Visit megaphone.fm/adchoices

"Money condenses energy. Bitcoin is the first and only tool we have for converting electric energy to monetary energy. Now what does this do to the energy market?" - Knut Svanholm

Amidst all the craziness around the Bitcoin & energy debate, its time to visit another great piece by returning author Knut Svnaholm of "Sovereignty Through Mathematics" and the amazing Citadel21 Magazine! A piece not only on the energy dynamic of Bitcoin, but also the waste and economic destruction caused by the central banking system. Listen to find out in today's read.

Check out the original and the other great pieces on Citadel 21 at the link below: https://www.citadel21.com/orange-is-the-new-green

Mentioned in the show was the amazing piece from Hayek "The Use of Knowledge in Society": https://bitcoinaudible.com/hayeks-use-of-knowledge-in-society-part-1-2/

Thanks so much to our sponsors who make this show possible: ShiftCrypto for the secure, open source BitBox02 hardware wallet and other great tools for securing your Bitcoin keys and backups SwanBitcoin.com for the automatic, no hassle, no selling, set it and forget it Bitcoin savings plan. Learn more about your ad choices. Visit megaphone.fm/adchoices

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 😘 Learn more about your ad choices. Visit megaphone.fm/adchoices

“Their goals were to separate money from governments and corporations, check the growth of the global surveillance state, and preserve human rights in an increasingly digital age. Satoshi Nakamoto’s greatest trick was to animate these aspirations into something that looks like and functions as digital gold.” - Alex Gladstein Another brilliant piece from Gladstein on why the Number Go Up technology is just the facade on the Freedom Go Up foundation of Bitcoin. As corporations, banks, & even governments adopt Bitcoin out of their own self-interest, they will unknowingly be stripping themselves of the asymmetry of power they currently hold over money. By transforming greed into freedom, Bitcoin will liberate the world. Bitcoin is a Trojan horse For Freedom: https://bitcoinmagazine.com/culture/bitcoin-is-a-trojan-horse-for-freedom A big thanks to our awesome sponsors & partners: Bitcoin Magazine for their amazing content and sharing Bitcoin Audible on the LTBNetwork ShiftCrypto for the secure, open source BitBox02 hardware wallet and other great tools for securing your Bitcoin keys and backups SwanBitcoin.com for the automatic, no hassle, no selling, set it and forget it Bitcoin savings plan. Learn more about your ad choices. Visit megaphone.fm/adchoices

“In my lifetime I have seen many technologies emerge. The Internet. Pocket super computers. Digital music. And the old guard fought it, tried to capture it, and eventually learned to live in harmony with it in each case. The smart ones have even started to make money again in spite of it. One thing I have seen over and over is technology will find a way.” - cAPSLOCK How we fail as humans to recognize new patterns, and constantly project old, outdated models onto truly unique things which allows us to so badly misunderstand or hide the best path forward from ourselves. Bitcoin doesn’t care about our narratives, and Bitcoin will do ALL THE THINGS! Don’t miss an awesome post from cAPSLOCK, link below to explore further: https://bitcointalk.org/index.php?topic=178336.msg56754513 Check out this awesome tool mentioned in the post: https://coinos.io/home

Don't forget to get your BitBox02 with discount code "GUY" for 5% off at guyswann.com/bitbox You should already be stacking, but take the work out of it by do it automatically with Swanbitcoin.com/guy (free sats to start your plan) Learn more about your ad choices. Visit megaphone.fm/adchoices

"only 13% of our planet’s population is born into the dollar, euro, Japanese yen, British pound, Australian dollar, Canadian dollar or Swiss Franc. The other 87% are born into autocracy or considerably less trustworthy currencies. 4.3 billion people live under authoritarianism, and 1.2 billion people live under double- or triple-digit inflation." - Alex Gladstein

Another brilliant piece from Alex Gladstein and Bitcoin Magazine, this one on the incredible privilege of those inside the dollar bubble, looking out and claiming Bitcoin is useless or is bad for the world. They stand like hypocrites living without any of the problems that Bitcoin is specifically designed to fix, and is fixing. Three stories of those who live and experience the real world, give us a very different view of Bitcoin, & why it is critical for all of our futures that we stand behind it and see it succeed.

A thanks to @RD_btc for the donation that boosted this right to the top of the list. I hope I did you proud! 🙏🏻

Check Your Financial Privilege: https://bitcoinmagazine.com/culture/check-your-financial-privilege

A massive thanks to the incredible output and work coming from Bitcoin Magazine. They are a resource like now other for publishing and spread this content as far as possible. 🔥

Don't forget to get your BitBox02 with discount code "GUY" for 5% off at guyswann.com/bitbox You should already be stacking, but take the work out of it by do it automatically with Swanbitcoin.com/guy (free sats to start your plan) Learn more about your ad choices. Visit megaphone.fm/adchoices

"How does anyone censor something abstract and intangible; something that can consist of an arrangement of numbers and letters, and can be transported via any medium? What do you do? Ban pen and paper? Phone calls and the spoken word? Smoke signals? Morse code? To what end?" - Grubles Are you hoping to censor Bitcoin? To stop people from transacting, or to prevent Bitcoin from being useable inside your country. Good luck, Bitcoin was built for just such a scenario. You certainly have a task ahead of you. A great piece today from Grubles on why its not quite the easiest of tasks to censor Bitcoin: https://notgrubles.medium.com/one-does-not-simply-censor-bitcoin-89dc4a32ba2b

Don't forget to get your BitBox02 with discount code "GUY" for 5% off at guyswann.com/bitbox You should already be stacking, but take the work out of it by do it automatically with Swanbitcoin.com/guy (free sats to start your plan) Learn more about your ad choices. Visit megaphone.fm/adchoices

“one of the main reasons for Bitcoin’s success is something that resonates with us as humans on a much deeper level: the primal elements of its brand, which when combined, turn it into a belief system." - Paulo Sacramento Today we go deeper than the technical aspects of Bitcoin, less about the code and innovation itself, & more about the human element. What is it about Bitcoin that connects it to the primal elements inside us? What makes Bitcoin not a mere technology, but an ideology? And what can it tell us about Bitcoin's long term staying power?

The Seven Primal Elements of the Bitcoin Brand: https://bitcoinmagazine.com/culture/the-seven-primal-elements-of-bitcoin

Mentioned in the episode to explore the topic further: Sally Hogshead, Fascinate The Cryptoconomy Holiday Calendar

Don't forget to get your BitBox02 with discount code "GUY" for 5% off at guyswann.com/bitbox You should already be stacking, but take the work out of it by do it automatically with Swanbitcoin.com/guy (free sats to start your plan) Learn more about your ad choices. Visit megaphone.fm/adchoices

No matter how often we cover these ideas, it still seems astonishingly common for new people to fall into the same old fallacies and the same misguided thinking. In this episode I try to cover all the major problems with the "raise the blocksize" mentality, and why its thinking incorrectly about what the system even provides, and most importantly how it provides it.

We cover 7-9 key points and ways to think about scaling, the Bitcoin network, & what the future of it might be given enough time. Bitcoin is the tortoise, not the hare. And the problem isn't about building a VISA competitor, its about building a state-proof monetary base. Lets jump in!

Don't forget to get your BitBox02 with discount code "GUY" for 5% off at guyswann.com/bitbox You should already be stacking, but take the work out of it by do it automatically with Swanbitcoin.com/guy (free sats to start your plan) Learn more about your ad choices. Visit megaphone.fm/adchoices

"Bitcoin’s security guarantee comes from the direct conversion of unforgeable energy into a fixed supply unit on an incorruptible monetary network. There is no alternative that exists that is more sound, efficient, effective and rooted in the physical laws of the very universe itself." - Aleks Svetski

What is the true nature of our government systems and what are the consequences of collectivism. These are not only fundamental questions to understanding the problems of society today, but their exploration also enlightens how these very fallacies & failed systems are propped up by the nature of fiat money itself.

For the original article with lots of links and graphics to expand on the discussion, check out the link below: https://svetski.medium.com/fiat-fascism-and-communism-d185e66733b

Other great works mentioned in this episode to dig further into these ideas: Anatomy of the State [Rothbard]: Part 1 - https://bitcoinaudible.com/anatomy-of-the-state-part-1/ Part 2 - https://bitcoinaudible.com/anatomy-of-the-state-part-2/ The Use of Knowledge in Society [Hayek]: Part 1 - https://bitcoinaudible.com/hayeks-use-of-knowledge-in-society-part-1-2/ Part 2 - https://bitcoinaudible.com/use-of-knowledge-in-society-part-2/ Guy's Take #36 - Walking Tall: https://bitcoinaudible.com/guys-take-36-walking-tall/ It Starts With Food

Don't forget to get your BitBox02 with discount code "GUY" for 5% off at guyswann.com/bitbox You should already be stacking, but take the work out of it by do it automatically with Swanbitcoin.com/guy (free sats to start your plan) Learn more about your ad choices. Visit megaphone.fm/adchoices

It Starts With Food

"It is truly impossible for the petrodollar system to be green when it is based on black gold." - Alex Gladstein

Today we have another brilliant piece by Alex Galdstein, published on Bitcoin Magazine about the Petrodollar system, how it came about, why it has stuck around, & the horrible costs of maintaining it that so few are willing to acknowledge.

Check out the original at the link below plus so many other great works at Bitcoin Magazine: https://bitcoinmagazine.com/culture/the-hidden-costs-of-the-petrodollar

Don't forget to get your BitBox02 with discount code "GUY" for 5% off at guyswann.com/bitbox You should already be stacking, but take the work out of it by do it automatically with Swanbitcoin.com/guy (free sats to start your plan) Learn more about your ad choices. Visit megaphone.fm/adchoices

Hyperbitcoinization is defined by the Nakamoto institute as “a voluntary transition from an inferior currency to a superior one, and its adoption is a series of individual acts of entrepreneurship rather than a single monopolist that games the system.” - Knut Svanholm

The FOMO is going to be out of this world, & both the knowledge and networks you build prior to the flood, will be endlessly valuable when or if that time comes. Both due to the nature of Bitcoin's supply, & amplified by the disaster & potential collapse of the fiat financial system, hyperbitcoinization could be much closer than we think. Are you prepared?

Check out the amazing Citadel21 publication and all the incredible work they put out at the link below: https://www.citadel21.com/you-are-not-prepared

Don't forget to get your BitBox02 with discount code "GUY" for 5% off at guyswann.com/bitbox You should already be stacking, but take the work out of it by do it automatically with Swanbitcoin.com/guy (free sats to start your plan) Learn more about your ad choices. Visit megaphone.fm/adchoices

"To be sure, by the waning days of 2010, Satoshi Nakamoto was still acknowledged for inventing Bitcoin, and was respected for growing the world's first decentralized digital currency into a $1 million market. But as frustrations with his authority and availability built, it became all too common for users to decry Satoshi the admin[X], Satoshi the bottleneck[X], Satoshi the dictator[X]." - Pete Rizzo

Dont miss another incredible journey through Bitcoin's history by Pete Rizzo, in honor of the anniversary of Satoshi's disappearance in just a few days. What did people think of Satoshi, what really happened in the transition from Satoshi to Gavin, and what critical moments in Bitcoin history, may have led to the disappearance of its mysterious creator? A must read/listen.

Check out the full article and incredible list of citations for further digging at BitcoinMagazine.com below: https://bitcoinmagazine.com/technical/what-happened-when-bitcoin-creator-satoshi-nakamoto-disappeared

A huge thanks to Bitcoin Magazine for their always amazing content! Don't forget to get your BitBox02 with discount code "GUY" for 5% off at guyswann.com/bitbox You should already be stacking, but take the work out of it by do it automatically with Swanbitcoin.com/guy (free sats to start your plan) Learn more about your ad choices. Visit megaphone.fm/adchoices

"Bitcoin miners are unique energy buyers in that they offer highly flexible and easily interruptible load, provide payout in a globally liquid cryptocurrency, and are completely location agnostic, requiring only an internet connection. These combined qualities constitute an extraordinary asset, an energy buyer of last resort that can be turned on or off at a moment’s notice anywhere in the world." - Square & ARKinvest

The "Bitcoin destroys the environment" argument is over for anyone who hasn't lost the ability to think clearly. A new paper from Square and their clean energy initiative and how Bitcoin mining will change everything.

For the full paper and links to further breakdown and discussion on the topic, check out the source below: https://assets.ctfassets.net/2d5q1td6cyxq/2D2BnksJjavw4a6SUvAPwZ/c42a9e3a520b0cc3b230cda3b43eead5/BCEI_White_Paper_.pdf

Don't forget to get your keys safely in your own possession, with a secure, open source hardware wallet, the BitBox02! And stack automatically, withdrawing for free to your BitBox, using the best auto-DCA service in the biz, SwanBitcoin.com/guy Learn more about your ad choices. Visit megaphone.fm/adchoices

"discussion about Taproot activation turned out to be a long and sometimes heated debate. Now, it has resulted in two different Taproot activation paths, embedded in two main software clients that could in some scenarios even become incompatible with one another." - Aaron Van Wirdum

With a short introduction to taproot and all the mess around the True/False activation dilemma, we cover another great piece from Aaron Van Wirdum at BitcoinMagazine breaking down why we have 2 different clients, what the conflict is exactly and what it might mean for Bitcoin over the next year. Check out the full article below, with lots of links to other works and source for further digging: https://bitcoinmagazine.com/technical/there-are-now-two-taproot-activation-clients-heres-why For the previous episode discussing the True/False dilemma in detail, here is Aaron's previous article covering the debate: https://bitcoinaudible.com/lot-true-or-false-the-last-hurdle-for-taproot/

Our amazing sponsors below: In the worst case of a fork, all you need to do is be holding your own keys! Use the BitBox02 hardware wallet, and you'll be protected. (guyswann.com/bitbox discount code GUY for 5% off) And if you aren't automatically stacking sats, you're doing it wrong. The best, simplest savings plan is with Swan Bitcoin. Automatic, low fees, a no brainer for a real bitcoiner. (swanbitcoin.com/guy gets you some FREE sats to start off)

A huge thank you to Bitcoin Magazine for always being such a reliable and fascinating source of news and thought in this space! They and the LTBnetwork are an unmatched resource. 👏🏻 Learn more about your ad choices. Visit megaphone.fm/adchoices

"Embedded on every single node of the Bitcoin network is an obituary. Hacked into the transaction data, it’s a memorial to Len Sassaman, a man essentially immortalized in the blockchain itself. A fitting tribute in more ways than one.' - Evan h

In the never ending search for Satoshi, there is the opportunity to find the unsung heroes of the cypherpunks. those who are lesser known, but made a monumental impact on the cypherpunk movement and helped in laying the critical pieces that made Bitcoin possible. Who was Len Sassaman? Is there evidence that he could have been the man behind the Satoshi pseudonym? And why did we lose him so early?

All this in more in this amazing piece from Evan h: Len Sassaman and Satoshi: A Cypherpunk History https://leung-btc.medium.com/len-sassaman-and-satoshi-e483c85c2b10

Check out our amazing sponsors and their awesome products for getting an entry into Bitcoin and securing your keys: SwanBitcoin provides not only the automatic Bitcoin savings plan, but an institutional and high-net worth service at Swanbitcoin.com/private to assist with everything around custodying, managing, and getting allocated to Bitcoin. Then for securing your keys as securely as possible with an intuitive and simple cold storage device, check out the BitBox02 hardware wallet from Shiftcrypto plus other great backup and security tools available on their shop. Find both of our amazing sponsors at Guyswann.com Learn more about your ad choices. Visit megaphone.fm/adchoices

A walk through Bitcoin history, the chaos of the early days, the blocksize war, working in film, financial catastrophes, the great reset, the breakdown of collective trust, hyperinflation, & the principles that Bitcoin embodies - all covered in today's chat with the Bitcoin Made Simple podcast host, Cory Tucek. I had a great time with this one and I think you guys will love it. Don't miss Chat #60 - Strong Foundations in an Unstable Era

Check out the Bitcoin Made Simple Podcast for more from Cory at the link below: https://anchor.fm/bitcoinmadesimple/episodes/BMS-011-Dan-Held-danheld-Interview-eur2h9 And of course don't miss our incredible sponsors! SwanBitcoin.com for your automatic, no hassle savings plan, & ShiftCrypto with the BitBox02 hardware wallet, for simple, secure, open source Bitcoin storage 👏🏻 Learn more about your ad choices. Visit megaphone.fm/adchoices

"Human civilization is at an inflection point. Inflationary monetary policy against the backdrop of technological deflation means either that ever more power will become concentrated in the hands of the state, or that one by one, individuals will voluntarily opt into and adopt a superior monetary system, the rules of which cannot be arbitrarily changed." - Dylan Leclair

We are at the precipice of the greatest change in our monetary system in nearly the past century. The long term debt cycle is in its endgame. What has led us here, and what future does Bitcoin make possible with its emergence coinciding with the conclusion of the legacy monetary regime. Taking a deeo dive on this topic with this new article at Bitcoin Magazine, written by Dylan Leclair.

For other great episodes to explore and dig deeper into the relevant ideas, here are a few mentioned during the show: Utopian Dystopias (by Aleks Svetski) https://anchor.fm/thecryptoconomy/episodes/Read_515---Utopian-Dystopias-Alek-Svetski-eupes1 Fraying of the Petrodollar System (by Lyn Alden) Part 1 - https://bitcoinaudible.com/the-fraying-of-the-petrodollar-system-part-1/ Part 2 - https://bitcoinaudible.com/the-fraying-of-the-petrodollar-system-part-2/

Check out the huge set of charts & statistics that demonstrate the massive long term debt cycle, and at what point we find ourselves in: https://bitcoinmagazine.com/markets/the-conclusion-of-the-long-term-debt-cycle-and-the-rise-of-bitcoin

Becoming a Bitcoiner is a process, one of decisions, and proper incentives: The first step is to start stacking, your future self will love you for it - Swan Bitcoin (swanbitcoin.com/guy) The second step is to take responsibility of your keys, simply and securely - BitBox02 (guyswann.com/bitbox) From there listen to every episode of BitcoinAudible or search the Library for your favorites. Then get back to me 🤣 Learn more about your ad choices. Visit megaphone.fm/adchoices

"Bitcoin is the alpha-omega of private property and voluntary exchange. It lowers the cost of defence whilst increasing the cost of attack. As such it is the central tool in helping us get beyond the great filter." - Aleks Svetski

In tying together and expanding on the ideas touched on in yesterday's episode, on responsibility and freedom, we dive deep with Alek's piece from the Bitcoin Times Ed 3 on the nature of decision making, the fundamental truths of the world, & how we can deduce a harmonious path for the future. Bitcoin codifies the critical principles necessary for proper evolution of society. Let's find out why.

Don't forget to check out the original and drop some massive applause, plus the other many great works from The Bitcoin Times: https://medium.com/the-bitcoin-times/utopian-dystopias-e0a0e9868bdc

Another episode we've done discussing some related concepts and the nature of rights and how Bitcoin defends them is Guy's Take #32: Rights, Incentives & the Bitcoin System https://bitcoinaudible.com/?p=4800

Becoming a Bitcoiner is a process, one of decisions, and proper incentives: The first step is to start stacking, your future self will love you for it - Swan Bitcoin (swanbitcoin.com/guy) The second step is to take responsibility of your keys, simply and securely - BitBox02 (guyswann.com/bitbox) From there listen to every episode of BitcoinAudible or search the Library for your favorites. Then get back to me 🤣 Learn more about your ad choices. Visit megaphone.fm/adchoices

"The whole idea of Bitcoin is to remove intermediaries from the equation. Trusted third parties are security holes, and unless we want to repeat past mistakes, it is our collective responsibility to eliminate these security holes wherever and whenever we can." - DerGigi

Bitcoin changes us in ways that are hard to articulate. It's a level of personal responsibility, when you make that journey to the great depths of the rabbit hole, that is hard to understand without making the journey yourself. Responsibility isn't merely something that could lead to more freedom, it's axiomatic to freedom & sovereignty itself. It's impossible to have the latter, without conquering the former.

Don't miss today's brief but excellent read from DerGigi, on the nature of responsibility and what it means in Bitcoin!

The Responsibility of Adopting Bitcoin: https://dergigi.com/2021/03/14/the-responsibility-of-adopting-bitcoin/

The first step is to start stacking, take responsibility of your savings and your future - Swan Bitcoin (swanbitcoin.com/guy) The second step is to take responsibility of your keys, you own your coins, they aren't someone else's IOU - BitBox02 (guyswann.com/bitbox) The final step is to run your own node, and define what Bitcoin is for yourself. Learn more about your ad choices. Visit megaphone.fm/adchoices

• Money is not what you think it is • Great societies are a result of great money • Money is more foundational than language • Prices are not arbitrary • The nature of time • Money is a tool of information • Proof of work in ancient history ...And so much more in today’s Guy’s Take! The many recommended works to dig deeper: Wittgenstein’s Money https://bitcoinaudible.com/?p=5659 I, Pencil https://bitcoinaudible.com/?p=1668 Applying Economics to American History (Tom Woods) https://www.youtube.com/watch?v=m-LJ3wZjD4I&t=0s Shelling Out: The Origins of Money https://bitcoinaudible.com/?p=3531 The Island of Stone Money https://bitcoinaudible.com/?p=3069 Bitcoin is Time https://bitcoinaudible.com/?p=5837 On Network Effects, Shelling Points, & Lindy https://bitcoinaudible.com/?p=4504

Don't forget our glorious sponsors: Makes your 401K look like a joke - Swan Bitcoin (swanbitcoin.com/guy) The "Love your keys" secure, open source hardware wallet - BitBox02 (guyswann.com/bitbox) Learn more about your ad choices. Visit megaphone.fm/adchoices

"...And we’re just considering two sources of nonrival energy: clean energy curtailment in China, and vented/flared gas in the U.S. There are many other sources of stranded and nonrival energy sources globally. Suffice to say, there’s enough nonrival energy out there to run Bitcoin many times over. It’s just a matter of deploying hashrate in the right locations, which miners are doing — aggressively." - Nic Carter

We have another great piece on the energy debate around Bitcoin, this time responding to a Bloomberg article by Noah Smith, but this time with a little twist. It's not so much about the environmental problem, but the economics and problems of the energy cost of the system, its explosive rise during bull markets, and how this threatens alternative uses, increases costs, and takes precious resources away from chip foundries producing much needed smartphones and computer processors. Is there anything to this criticism? Nic Carter responds in today's article:

Noahbjectivity on Bitcoin Mining: https://medium.com/@nic__carter/noahbjectivity-on-bitcoin-mining-2052226310cb

The first article in question - "Bitcoin Miners are on a Path to Self-destruction": https://www.bloomberg.com/opinion/articles/2021-03-24/bitcoin-miners-are-on-a-path-to-self-destruction

And Noah's rebuttal discussed in the Guy's Take: https://noahpinion.substack.com/p/bitcoin-mining-and-resource-use

Don't forget our glorious sponsors: The SO much better than your stupid 401K plan - Swan Bitcoin (swanbitcoin.com/guy) & the "Love your keys like family," secure, open source hardware wallet - BitBox02 (guyswann.com/bitbox) Learn more about your ad choices. Visit megaphone.fm/adchoices

The Gaming Universe is about to be Struck by Lightning. We have Simon Cowell on the podcast, CEO and Founder of ZeBeDee and their tools for easily integrating Lightning payments directly into the gaming and esports industry. Where the virtual economy meets the virtual world, with Lightning at its center. Don’t miss Bitcoin Audible Chat #59!

Don't forget to follow them and check out the tools they are building by going to their twitter page and website below: https://twitter.com/zebedeeio https://zebedee.io/

If you haven't listened to the article mentioned on the podcast, find it here: https://bitcoinaudible.com/?p=5596

A huge thank you to our amazing sponsors: SwanBitcoin - The #1 place to setup your automatic Bitcoin savings plan! (SwanBitcoin.com/guy) BitBox - Minimal, user friendly, secure, Swiss made, open source, hardware wallet (guyswann.com/BitBox) Learn more about your ad choices. Visit megaphone.fm/adchoices

"When I thought about what is the defining difference between the Bitcoin maximalists and my yuppie elite friends, the surface level distinctions that popped out were political (e.g., libertarianism, Trump support, second-amendment rights, Black Lives Matter). But these stem from a deeper divide: the degree to which a person has trust in the system." - Croesus

Why is it that some of the most intelligent people can both be the first to grasp the astounding benefit and value of Bitcoin, but simultaneously be the ones who dismiss it with the greatest prejudice, and refuse to entertain that there may be anything at all of value? What is the difference between those two groups, can we narrow down where the core problem loves? Find out in today's read by Croesus at the amazing Citadel21 publication. Titled...

Why the Yuppie Elite Dismiss Bitcoin https://www.citadel21.com/why-the-yuppie-elite-dismiss-bitcoin

Shout out to Preston Pysh for reminding me of this one, and to Citadel21 for their amazing resource and collection of works. They also happen to be today's "Bitcoin Resource" and I highly recommend doing a little exploring over on their page below: https://www.citadel21.com/

A huge thank you to our amazing sponsors: SwanBitcoin - The #1 place to setup your automatic Bitcoin savings plan! (SwanBitcoin.com/guy) BitBox - Minimal, user friendly, secure, Swiss made, open source, hardware wallet (guyswann.com/BitBox) Learn more about your ad choices. Visit megaphone.fm/adchoices

"The empty block attack is one where a majority of mining power would be directed at mining only empty blocks and rejecting non-empty blocks. These miners would essentially execute a soft-fork where all non-empty blocks would be rejected. Given that they have a majority of hashing power on the network, so the thinking goes, they will eventually get the longer chain even if other miners were to mine non-empty blocks. If only empty blocks are being mined, all activity on the network would stop and so, the thinking goes, Bitcoin would be killed." - Jimmy Song

With another bull market, comes another avalanche of the same old FUD. Today we hit an excellent little article from Jimmy Song taking the time to thoroughly debunk the again popular, "Empty Block Attack" scenario from a potential nation-state adversary. Don't miss today's article if you have been exhausted with answering the twitter flood of new people certain they have the inside secret to killing Bitcoin.

Debunking the Empty Block Attack: https://jimmysong.medium.com/debunking-the-empty-block-attack-10513858b3f8

A huge thank you to our amazing sponsors: SwanBitcoin - The #1 place to setup your automatic Bitcoin savings plan! (SwanBitcoin.com/guy) BitBox - Minimal, user friendly, secure, Swiss made, open source, hardware wallet (guyswann.com/BitBox)

Today's Resource is Jimmy Song's "Programming Bitcoin," for those who really want to get into the dirty details of Bitcoin and how it works, and want to walk through the code and understand it on an entirely new level, this is the resource you are missing. Check it out at the link below: https://amzn.to/2RSlnTb

For more amazing articles on this topic & all the other incredible works in the Bitcoin space, check out the 100s of great works in the Bitcoin Audible Library: https://bitcoinaudible.com/?page_id=5764 Learn more about your ad choices. Visit megaphone.fm/adchoices

Programming Bitcoin: Learn How to Program Bitcoin from Scratch

"Bitcoin is not taking gas from your car or electricity from your house, it is making power production more efficient, utilizing otherwise “stranded” energy sources and helping to fund the development of renewable energy technologies." - Evan Bayless

With the constant flood of ignorance and incredible mental laziness in the conversation of Bitcoin's energy consumption, its always good to have another perspective and more knowledge on not only why its not nearly as simple as portrayed, but that its extremely likely to be the exact opposite of what the detractors claim. A great piece from Evan Bayless on Bitcoin Magazine...

Bitcoin Will Save Our Earth https://bitcoinmagazine.com/business/bitcoin-will-save-our-earth

A huge thank you to our amazing sponsors: SwanBitcoin - The #1 place to setup your automatic Bitcoin savings plan! (SwanBitcoin.com/guy) BitBox - Minimal, user friendly, secure, Swiss made, open source, hardware wallet (guyswann.com/BitBox)

For more amazing articles on this topic and energy in general around Bitcoin ming, check out the hundreds of great piece in the Bitcoin Audible Library: https://bitcoinaudible.com/?page_id=5764 Learn more about your ad choices. Visit megaphone.fm/adchoices

"Bitcoin is a unique digital asset for an increasingly digital world that requires digging deeper than the surface level to understand its core properties and trade-offs." - Ria Bhutoria

Fidelity writes another great piece this time addressing he persisting and common criticisms of Bitcoin that the new entrants to the ecosystem continue to falsely hold as major, valid concerns. Bitcoin is a complicated and nuanced technology. Unfortunately, this means baseless or clearly erroneous criticisms stick around for far longer than their validity would seem to warrant. So with another great post from Fidelity, let's answer them yet again.

Fidelity Digital Assets Addressing Persisting Bitcoin Criticisms: https://www.fidelitydigitalassets.com/articles/addressing-bitcoin-criticisms

Follow Ria on social media: https://twitter.com/riabhutoria

A huge thank you to our amazing sponsors: SwanBitcoin - The #1 place to setup your automatic Bitcoin savings plan! (SwanBitcoin.com/guy) BitBox - Minimal, user friendly, secure, Swiss made, open source, hardware wallet (guyswann.com/BitBox)

Today's Bitcoin Resource: Sphinx App, Chat & Lightning! Check them out at Sphinx.chat to get started on the encrypted chat and payments app run entirely over the Lightning network. Learn more about your ad choices. Visit megaphone.fm/adchoices

"To state it plainly: Bitcoin is a momentous monetary innovation enabling a new mode of non-nation-state human organization, a “purified” form of capitalism free of nation-state interference and deserving of its own neologism. Let us call the new mode of socioeconomic organization enabled by encrypted digital money sovereignism." - Robert Breedlove Today we start an amazing series by Breedlove based on the thesis proposed by the Sovereign Individual. Could the new dynamic brought about by the existence of Bitcoin, potentially destroy the economic cost/reward reality of centralized, violent nation states? And what does such a potentiality mean for the future? Don’t miss today’s read from Swan Bitcoin blog, by Robert Breedlove: Sovereignism Part 1 - Digital Creative Destruction https://www.swanbitcoin.com/sovereignism-part-i-digital-creative-destruction/ A huge thank you to our amazing sponsors: SwanBitcoin - The #1 place to setup your automatic Bitcoin savings plan! (SwanBitcoin.com/guy) BitBox - Minimal, user friendly, secure, Swiss made, open source, hardware wallet (guyswann.com/BitBox) Learn more about your ad choices. Visit megaphone.fm/adchoices

“We can already observe some faint light at the end of the tunnel. Savings have been reintroduced into the hands of society. You can save money and the State is unable to influence your funds on the Bitcoin blockchain. Nobody can take your money away, and this creates economic stability that positively influences mental wellbeing. When you know that you have savings, and that you will be able to pay any and all unexpected expenses that might arise and that you have built the foundations of a prosperous future, things change.” - Karo

Paper money doesn't merely have economic consequences, it has deep impact on the very nature of who we are. Today's read from Bitcoin Magazine delves into what those consequences are. And despite losing a long Guy's rant thanks to some failed software, I would point you to an older episode that had a very similar topic of discussion, Guy's Take #36 - Walking Tall

Check out the original article and the other great stuff at Bitcoin Magazine below: https://bitcoinmagazine.com/culture/trust-that-we-need-more-of

A huge thank you to our amazing sponsors: SwanBitcoin - The #1 place to setup your automatic Bitcoin savings plan! (SwanBitcoin.com/guy) BitBox - Minimal, user friendly, secure, Swiss made, open source, hardware wallet (guyswann.com/BitBox) Learn more about your ad choices. Visit megaphone.fm/adchoices

“40 years of this back and forth has resulted in almost $20 trillion in zero- or negative-yield government and corporate debt, the lowest interest rates in the last 5,000 years, and the most amount of global debt ever in human civilization." - Arthur Hayes

Our macro situation is teeter between Financial Armageddon on the one hand, if governments and central banks let interest rates rise, and possible war and revolution on the other, if they hyperinflate their currencies to absolve them of their debts. Is there anything that can protect us from this terrible situation? How on earth do you build a portfolio in such an environment?

Today we read, Arthur Hayes's amazing piece from the BitMex blog, "Pumping Iron": https://blog.bitmex.com/pumping-iron/

Don't forget to read/listen to his other great piece mentioned "Choose Your Fiction": https://bitcoinaudible.com/?p=3907

A huge thank you to our amazing sponsors: SwanBitcoin - The #1 place to setup your automatic Bitcoin savings plan! (SwanBitcoin.com/guy) BitBox - Minimal, user friendly, secure, Swiss made, open source, hardware wallet (guyswann.com/BitBox) Learn more about your ad choices. Visit megaphone.fm/adchoices

"As long as there are money printers, there can be no freedom of expression. Money is the tool we use to express value to each other. Whoever controls the money supply controls the world." - Knut Svanholm

The world became vastly more free when we separated our religious morals and authority from the apparatus of the state. The separation of church and state is one of the most important developments for freedom in history. But the state retained an unjust, unequal level of control & limitation on the freedom of expression, by monopolizing the very tool we use to express value. Money.

Bitcoin is, The Separation of Money and State. Check out the full article at Bitcoin Magazine below: https://bitcoinmagazine.com/culture/bitcoin-and-the-separation-of-money-and-state

To dig deeper into the concept of rights and the Bitcoin system, check out Guy's Take #32. Rights, Incentives & the Bitcoin System: https://bitcoinaudible.com/?p=4800

A huge thank you to our amazing sponsors: SwanBitcoin - The #1 place to setup your automatic Bitcoin savings plan! (SwanBitcoin.com/guy) BitBox - Minimal, user friendly, secure, Swiss made, open source, hardware wallet (guyswann.com/BitBox)

Much love to Bitcoin Magazine and the extraordinary LTBNetwork for the invaluable resource they provide to the Bitcoin ecosystem! Learn more about your ad choices. Visit megaphone.fm/adchoices

"The World is in Denial" - Preston Pysh

Preston Pysh joins Bitcoin Audible to talk the horrible macro environment, the unraveling of the financial markets, the enormous risk of inflation, & how the maturation of Bitcoin could turn everything upside down. The establishment of real market interest rates & liquid futures markets within the Bitcoin ecosystem isn't merely a sign of growth, it's a fundamentally important step toward a robust, global financial system built atop Bitcoin as the new monetary base.

Don't miss today's excellent interview with the host of the most downloaded investor's podcast, "We Study Billionaires" and founder of the "Investors Podcast Network," Preston Pysh.

Check out Preston Pysh on Twitter and his amazing podcasts at the links below: https://twitter.com/PrestonPysh https://www.theinvestorspodcast.com/

A huge thank you to our amazing sponsors: SwanBitcoin - The #1 place to setup your automatic Bitcoin savings plan! (SwanBitcoin.com/guy) BitBox - Minimal, user friendly, secure, Swiss made, open source, hardware wallet (guyswann.com/BitBox) Learn more about your ad choices. Visit megaphone.fm/adchoices

• Why Matt Odell is wrong about the OCC statement • Bullish review of the SeeTee Shareholder Letter • Microstrategy & 0% bonds • Jack Mallers taking over the world • NYDIG • MassMutual, Square, Tesla, Marathon, Stone Ridge, & the Bitcoin Treasury Rush • Next phase of the Bitcoin mining industry • Lightning everywhere • New developer grants • Rewards Cards everywhere! ...and tons more

The flood of 2021 is well underway.

Lightning as a Retail Payment System: https://medium.com/galoymoney/lightning-as-a-retail-payment-system-part-1-7463c46342ef

A huge thank you to our amazing sponsors: SwanBitcoin - The #1 place to setup your automatic Bitcoin savings plan! (SwanBitcoin.com/guy) BitBox - Minimal, user friendly, secure, Swiss made, open source, hardware wallet (guyswann.com/BitBox) Learn more about your ad choices. Visit megaphone.fm/adchoices

"We are not going to wait for the future - we want to join in building it as well! I encourage entrepreneurs to reach out to Seetee. The bigger the dream, the more we listen."Kjell Inge Røkke

Covering the recent, incredible announcement that the Norwegian energy giant, Aker has made a strong push into both building for & investing in the Bitcoin ecosystem, we read the SeeTee shareholder letter on their breakdown of their journey into Bitcoin, their thinking on its massive potential, & their vision for the future. Another phenomenal read not to be missed.

The SeeTee Shareholder Letter, check out the original below: https://www.seetee.io/

A huge thank you to our amazing sponsors: LVL.co - The first Free, no-fee exchange & Bitcoin banking services! (guyswann.com/lvl) SwanBitcoin - The #1 place to setup your automatic Bitcoin savings plan! (SwanBitcoin.com/guy) BitBox - Minimal, user friendly, secure, Swiss made, open source, hardware wallet (guyswann.com/BitBox) Learn more about your ad choices. Visit megaphone.fm/adchoices

“This problem is precisely why all previous attempts of digital cash required a centralized registry. You always had to trust someone to correctly identify the order of things. A centralized party was required to keep the time. Bitcoin solves this problem by re-inventing time itself. It says no to seconds and yes to blocks.”- DerGigi DerGigi is back at it with a chapter from his upcoming book 21 Ways, all about the nature of Bitcoin not as new invention in money, or payments, or cryptography… but rather a new invention in the realm of time. Bitcoin doesn’t merely allow an ordering of events, it actually invents its own concept, of time. Bitcoin is Time: https://dergigi.com/2021/01/14/bitcoin-is-time/ Don’t forget to check out DerGigi’s other phenomenal work and support him at the link below: https://dergigi.com/support/ POW is a Decentralized Clock: https://bitcoinaudible.com/?p=4728 21 Lessons: Listen on Audible

Today's Bitcoin Resource: Bo Bullshit Bitcoin

A huge thank you to our amazing sponsors: LVL.co - The first Free, no-fee exchange & Bitcoin banking services! (guyswann.com/lvl) SwanBitcoin - The #1 place to setup your automatic Bitcoin savings plan! (SwanBitcoin.com/guy) BitBox - Minimal, user friendly, secure, Swiss made, open source, hardware wallet (guyswann.com/BitBox) Learn more about your ad choices. Visit megaphone.fm/adchoices

"As a consensus system without central authority, Bitcoin protocol upgrades can be challenging. If one segment of the network upgrades to a new version of the protocol before another segment does, different nodes might enforce different rules, introducing the risk that the network fractures between them." - Aaron Van Wirdum

Today's read is from Aaron Van Wirdum at Bitcoin Magazine, an excellent writer who has so many brilliant breakdowns of the technical and historical elements of Bitcoin. Taproot is SO close, but there is a final debate, a final hurdle to tackle before we get to see it activated on the network, and that’s over how and when to turn on the switch.

LOT=true or LOT=false? This is the Last Hurdle Before Taproot Activation: https://bitcoinmagazine.com/technical/lottrue-or-lotfalse-this-is-the-last-hurdle-before-taproot-activation Check out the Bitcoin Audible Page for Aaron & his collection of amazing work: https://bitcoinaudible.com/?page_id=5204

Today’s Bitcoin Resource: mempool.space

A huge thank you to our amazing sponsors: LVL.co - The first Free, no-fee exchange & Bitcoin banking services! (guyswann.com/lvl) SwanBitcoin - The #1 place to setup your automatic Bitcoin savings plan! (SwanBitcoin.com/guy) BitBox - Minimal, user friendly, secure, Swiss made, open source, hardware wallet (guyswann.com/BitBox)

Final thanks to Bitcoin Magazine and the LTBNetwork for being such an incredible source of signal to the Bitcoin ecosystem! letstalkbitcoin.com Learn more about your ad choices. Visit megaphone.fm/adchoices

"The most egregious falsehood regarding economic health that is nonetheless widely believed is surely that we ought to measure it by the magnitude of goods and services consumed. This is dangerous nonsense." - Allen Farrington

How is it that we found ourselves in such a disastrous and unstable financial situation across the entire country, and even the entire world? How has the economic system been overtaken by exploiters, over consumption, and waste while completely lost touch with sustainable, thoughtful production and value? Laying out the whole picture in today's article, we have the audio version of Allen Farrington's "The Capital Strip Mine."

Check out the original article and drop some applause at the link below: The Capital Strip Mine: https://allenfarrington.medium.com/the-capital-strip-mine-ec627e9fe40a

Other articles mentioned in today's Guy's Take: Bitcoin is the Great Definancialization: https://bitcoinaudible.com/?p=5554

Today’s Bitcoin Resource: https://bitcoinerjobs.co/

A huge thank you to our amazing sponsors: SwanBitcoin - The #1 place to setup your automatic Bitcoin savings plan! (SwanBitcoin.com/guy) BitBox - Minimal, user friendly, secure, Swiss made, open source, hardware wallet (guyswann.com/BitBox) LVL.co - The first Free, no-fee exchange & Bitcoin banking services! (guyswann.com/lvl) Learn more about your ad choices. Visit megaphone.fm/adchoices

"The Internet’s protocol (transmission control protocol/Internet protocol, or TCP/IP) doesn’t offer “services.” It doesn’t make decisions about content. It doesn’t distinguish between photos and text, video and audio. It doesn’t have a list of approved applications. It doesn’t even distinguish between client and server, user and host, or individual versus corporation. Every IP address is an equal peer." - Andreas M. Antonopolous

Today we hit a great and classic essay by Andreas on the amazing FEE.org that hits on a key way to think about decentralized network, and a critical part of why they will innovate orders of magnitude more quickly than their centralized counterparts. The difference between "smart" networks and "dumb" networks, and why the dumb will also conquer. Bitcoin is the internet of money, and on read #500, hear Andreas explain why.

Check out the original article at the link below: https://fee.org/articles/decentralization-why-dumb-networks-are-better/

Other great pieces mentioned in today's show, along with the thread that includes numerous others for further journey down the rabbit hole: Lightning Enables Unicast Transactions in Bitcoin: https://bitcoinaudible.com/?p=347 On Schelling Points, Network Effects, & Lindy: https://bitcoinaudible.com/?p=4504 Anil's Amazing thread with 20 fundamental essay for understanding Bitcoin: https://twitter.com/anilsaidso/status/1290758632238276609?s=20

A huge thank you to our amazing sponsors: SwanBitcoin - The #1 place to setup your automatic Bitcoin savings plan! (SwanBitcoin.com/guy) BitBox - Minimal, user friendly, secure, Swiss made, open source, hardware wallet (guyswann.com/BitBox) LVL.co - The first Free, no-fee exchange & Bitcoin banking services! (guyswann.com/lvl) Learn more about your ad choices. Visit megaphone.fm/adchoices

"If the US Dollar really was to reach an uncontrollable level of inflation, a last move by the Fed may be to do this same trade on a Federal level by printing dollars to acquire Bitcoins to stack on their balance sheet. Only time will tell." - William Clemente III

Today we read an excellent piece from bitrawr.com by William Clemente on the various feedback loops that could lead not only to the qualitative loss of trust in the fiat system, but a quantitative pull to earn a near risk-free position in the Bitcoin collateralized lending markets. Edited in part by Preston Pysh who has discussed this idea in greater depth, what happens when multiple feedback loops within the Bitcoin markets converge to make it an increasingly liquid, low risk, high yield asset? It creates a Bitcoin Black Hole.

The Bitcoin Black Hole Effect: https://www.bitrawr.com/the-bitcoin-blackhole-effect

For other great articles and episode mentioned in this show, check out the links below: Read 489 - The Cantillon Effect 2.0: https://bitcoinaudible.com/?p=5678 Asset DNA - Speculative Attack: https://bitcoinaudible.com/?p=5714 Bitcoin is the Great Definancialization: https://bitcoinaudible.com/?p=5554 The MacroVoices episode on Interest Rates: https://www.macrovoices.com/946-macrovoices-259-louis-vincent-gave-as-inflationista-as-they-come

A huge thank you to our amazing sponsors: SwanBitcoin - The #1 place to setup your automatic Bitcoin savings plan! (SwanBitcoin.com/guy) BitBox - Minimal, user friendly, secure, Swiss made, open source, hardware wallet (guyswann.com/BitBox) LVL.co - The first Free, no-fee exchange & Bitcoin banking services! (guyswann.com/lvl) Learn more about your ad choices. Visit megaphone.fm/adchoices

"So far, it seems that when governments try to ban or restrict Bitcoin, it ends up merely accelerating the adoption of the currency inside their countries. Governments that have failed miserably with their Wars on Drugs may find stopping people from holding something that’s invisible, borderless, and teleporting much more difficult." - Alex Gladstein

Today we read an amazing article from Quillette by returning author and brilliant Bitcoiner, Alex Gladstein. Can governments ban Bitcoin? Will they? Will this kill Bitcoin? Find out in an excellent walk through the many different potentialities of a government attack on Bitcoin, and why its likely that they all fail, or backfire in a major. Plus a 50 minute Guy's Take on all the reasons Alex is potentially right, & what we can draw from Bitcoin's history that informs this perspective.

Don't forget to check out the article below, and follow Alex on Twitter: https://quillette.com/2021/02/21/can-governments-stop-bitcoin/ https://twitter.com/gladstein

For other great episode on this topic and others related to it mentioned in the show: Bitcoin Cannot be Banned [Parker Lewis]: https://bitcoinaudible.com/?p=3943 Bitcoin POW is a Decentralized Clock [Grisha]: https://bitcoinaudible.com/?p=4728 An Unstoppable Force [Guy's Take]: https://bitcoinaudible.com/?p=5450 The Sovereign Company Thesis [Ck Snarks]: https://bitcoinaudible.com/?p=5521

A Lovely welcome back to SwanBitcoin as a supporter of BitcoinAudible. Making the best in Bitcoin available to listen while auto-buying Bitcoin at the same time! SwanBitcoin.com/guy

And to our 2 other wonderful sponsors: BitBox - Minimal, user friendly, secure, Swiss made, open source, hardware wallet (guyswann.com/BitBox) LVL.co - The first Free, no-fee exchange & Bitcoin banking services! (guyswann.com/lvl) Learn more about your ad choices. Visit megaphone.fm/adchoices

"Peter Todd, a Bitcoin developer who has been around from the very beginning and even well before Bitcoin was released and Guy Swann who bought his first Bitcoin on Mt. Gox in early 2011, join us to dive into Bitcoin's fascinating history."

Today we get into a recent fun episode on Swan Signal where we take a little walk through Bitcoin's history. For those new to Bitcoin this is a great discussion to get an idea of how we got to where we are, and the reason behind it.

Connect with Peter Todd: https://twitter.com/peterktodd https://petertodd.org

Connect with Brady Swenson: https://twitter.com/CitizenBitcoin https://citizenbitcoin.world/

Connect with Swan on social media: Twitter: https://twitter.com/SwanBitcoin Telegram: https://t.me/swansignal Learn more about your ad choices. Visit megaphone.fm/adchoices

"Does anybody really believe that, having fully understood the choice they face, any individual would choose to save in a self-referentially mispriced toxic loan rather than a provably sound digital bearer asset? Or, more simply still, that they will think it makes less sense to hold money that is a pure asset than money that is literally defined as a liability? Why not opt into a financial system that is built on trustless verifiability rather than unverifiable trust?" - Allen Farrington

Today's amazing read simply needs to be listened to. Bitcoin is Venice, a continuation of the Wittgenstein's Money series from Allen F. Don't forget to follow Allen on Twitter & Medium.

Check out the original article below to drop applause and check out Allen's other amazing work: https://allenfarrington.medium.com/bitcoin-is-venice-8414dda42070

Audio for his other recent piece, Wittgenstein's Money (And other article mentioned in the show) can be found below: https://bitcoinaudible.com/?p=5659 Follow up to Wittgenstein's Money - Guy's Take #40: https://bitcoinaudible.com/?p=5661 Bitcoin is Worse is Better: https://bitcoinaudible.com/?p=3491 Walking Tall - Guy's Take #36: https://bitcoinaudible.com/?p=4933 Hayek's Use of Knowledge in Society: https://bitcoinaudible.com/?p=2902

A huge Thank You to the Bitcoin Audible Sponsors: BitBox - Minimal, user friendly, secure, Swiss made, open source, hardware wallet (guyswann.com/BitBox) LVL.co - The first Free, no-fee exchange & Bitcoin banking services! (guyswann.com/lvl) Learn more about your ad choices. Visit megaphone.fm/adchoices

“When we begin to value things in bitcoin, we can find their legitimate value, as bitcoin is the most legitimately-valued money. There are no manipulations of supply, or buybacks, or quantitative easing or laws protecting value — only direct valuation.” - Casey Bitcoin may appear volatile, but how does it make sense to measure the volatility of an asset with extremely stable & predictable supply, in an asset who’s supply is horrifically volatile & unpredictable? What happens when we turn that image on its head, and start pricing the world in Bitcoin, the hardest monetary asset in the world? Today’s episode is all about it, with Casey’s Bitcoin Magazine article: “Stocks Don’t Truly Discover Price, Bitcoin Fixes This.” Check out the original article by Casey and so much more at Bitcoin Magazine with the link below: https://bitcoinmagazine.com/articles/stocks-dont-truly-discover-price-bitcoin-fixes-this Huge thank you to the LTBNetwork & Bitcoin Magazine for being such an incredible resource for the Bitcoin ecosystem! letstalkbitcoin.com

A huge Thank You to the Bitcoin Audible Sponsors: BitBox - Minimal, user friendly, secure, Swiss made, open source, hardware wallet (guyswann.com/BitBox) LVL.co - The first Free, no-fee exchange & Bitcoin banking services! (guyswann.com/lvl) Learn more about your ad choices. Visit megaphone.fm/adchoices

“The annual issuance rate with all those annotations kind of looks like it was drawn by a Bitcoiner making fun of Ethereum, but instead that’s from an Ethereum source. Various Ethereum Improvement Proposals or “EIPs” by developers have changed its monetary policy over time as needed for various reasons.” - Lyn Alden Lyn Alden always brings a clear, investor centered perspective to the space which I highly value. With no “crypto” or Bitcoin baggage she takes a rational view of digital assets from their long term investment potential. In today’s piece, let’s find out what she sees in “An Economic Analysis of Ethereum.” Check out the original article below: https://www.lynalden.com/ethereum-analysis/ A huge Thank You to the Bitcoin Audible Sponsors: BitBox - Minimal, user friendly, secure, Swiss made, open source, hardware wallet (guyswann.com/BitBox) LVL.co - The first Free, no-fee exchange & Bitcoin banking services! (guyswann.com/lvl) Learn more about your ad choices. Visit megaphone.fm/adchoices

"Supplying liquidity is an investment, and we need to treat it accordingly. Like lending money or buying stock, investors commit capital for a period and expect a return that increases over time." - Roy Sheinfeld

Now that we are entering Chapter 2 of Bitcoin where the free and open network begins to act as a backbone for financial infrastructure made possible by the Lightning network and global Bitcoin liquidity, we dive into the economics of Lightning with the Breez Technology CEO, Roy Sheinfeld. Is inbound liquidity really a "problem," or is it a new market dynamic that will drive an entire industry? Find out in today's awesome article... Lightning Economics: How I Learned to Stop Worrying and Love Inbound Liquidity https://medium.com/breez-technology/lightning-economics-how-i-learned-to-stop-worrying-and-love-inbound-liquidity-511d05aa8b8b

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"if the representation of reality in this article is correct, the highest and best use of a dollar of debt may simply be to buy bitcoin. Many more individuals and entities will leverage this asymmetry for personal gain into the future." - Croesus

With increased attention on the Bitcoin price and the speculative attack by Michael Saylor himself having paid off so extraordinarily well, its time to revisit the concept with an article by Croesus_BTC at Bitcoin Magazine. Its not merely something that might occur, or just a fun thought experiment, its in the very DNA of these assets. Borrowing dollars in a manipulated, low interest environment, may find its most productive and valuable use in simply buying Bitcoin.

Check out the great visuals and the many other excellent articles at Bitcoin Magazine below: https://bitcoinmagazine.com/articles/asset-dna-explaining-bitcoins-speculative-attack-on-the-dollar

Buy Bitcoin using SwanBitcoin.com/guy to start your own automatic savings plan, get your first $10 free after setting it up, AND support the podcast!

Don't forget our lovely sponsors & their phenomenal products: BitBox - Minimal, user friendly, secure, Swiss made, open source, hardware wallet (guyswann.com/BitBox) LVL.co - The first Free, no-fee exchange & Bitcoin banking services! (guyswann.com/lvl) Learn more about your ad choices. Visit megaphone.fm/adchoices

"In Chapter 1 we reached millions. In Chapter 2 we're going to reach billions and we're going to do it quickly. And Chapter 2 starts right now." - Ross Stevens

We are entering a phase of Bitcoin where it becomes accepted as a global store of value asset by large institutions and corporations around the world. Yet simultaneously, we are reaching a point where Bitcoin is also being recognized and utilized as a global, open source, and highly liquid monetary network. Chapter 2 isn't merely about Bitcoin being used to store and protect value, but about Lightning, and the ability to instantly send money and swap it with any currency anywhere in the world.

Inspired by a tweet from Ryan Gentry with an excerpt from Ross Stevens conversation with Michael Saylor... find out just how much Bitcoin is about to shake the world in today's guy's take episode! Check out the relevant tweet from Ryan: https://twitter.com/RyanTheGentry/status/1357487814645067789

The other episode mentioned at the beginning of the show to check out: Stone Ridge Letter: https://bitcoinaudible.com/?p=5598 Lightning as a Retail Payment System: https://bitcoinaudible.com/?p=4567

Buy Bitcoin using SwanBitcoin.com/guy to start your own automatic savings plan, get your first $10 free after setting it up, AND support the podcast!

Don't forget our lovely sponsors & their phenomenal products: BitBox - Minimal, user friendly, secure, Swiss made, open source, hardware wallet (guyswann.com/BitBox) LVL.co - The first Free, no-fee exchange & Bitcoin banking services! (guyswann.com/lvl) Learn more about your ad choices. Visit megaphone.fm/adchoices

"I believe Bitcoin is one hell of an invention. To have invented a new type of money via a system that is programmed into a computer and that has worked for around 10 years and is rapidly gaining popularity as both a type of money and a storehold of wealth is an amazing accomplishment." - Ray Dalio

We read a great piece by Ray Dalio to get his thoughts, concerns, & criticisms of Bitcoin as well as Guy's Take trying to answer those criticisms and making sense of the mental model that will better make sense of these monetary technologies. Rather than trust the sound bites and the tweets, let's hear exactly what Ray has to say.

What I Really Think About Bitcoin: https://www.linkedin.com/pulse/what-i-really-think-bitcoin-ray-dalio

Dont forget to check out the episode I mentioned in the commentary on Schelling Points, Network Effects, & Lindy: https://bitcoinaudible.com/?p=4504

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"Perhaps one of the great ironies of the future will be the Solcoin alliance between urbane Terrans and hillbilly belters." - Dhruv Bansal

Continuing our awesome walk through Dhruv's excellent Bitcoin Astronomy series we hit Part 2 today! What does a Type II blockchain look like when we scale to a Type II society? What time scales do they operate on, and what horizons will they enable us to conquer? Can multiple blockchains resonate with each other, or is one doomed to collapse into another? You ahve to listen to find out!

Check out the original article plus the incredible amount of other great writing at the Unchained Capital Blog: https://unchained-capital.com/blog/bitcoin-astronomy-part-ii/

Stack sats automatically and get $10 free to start with my referral link: http://swanbitcoin.com/guy

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Preparing for the Second Part of Dhruv's incredible series, today we have a reboot of Part 1!

Equal parts entertaining & intellectually intriguing, we start with Part 1 of Dhruv Bansal's wonderful piece, Bitcoin Astronomy! The interplanetary center of hash, the Law of Hash Horizons, the Muskcoin Revolution, retaliation of the Bitcoin Empire, and the total economic devastation of the Hash Bomb! How could you not want to know more?

Another one from the excellent content over at the Unchained Capital Blog: https://www.unchained-capital.com/blog/law-of-hash-horizons/

Stack sats automatically and get $10 free to start with my referral link: http://swanbitcoin.com/guy

Don’t forget to check out our awesome sponsors below: BitBox - Minimal, user friendly, secure, Swiss made, open source, hardware wallet (guyswann.com/BitBox) LVL.co - The first Free, no-fee exchange & Bitcoin banking services! (guyswann.com/lvl) Learn more about your ad choices. Visit megaphone.fm/adchoices

"People aren’t trading bitcoin, they’re accumulating more and more of it over time and holding it long term (aka, “stacking sats“). This is evident not only through the raw on-chain data and exchange flows, but also through consumer behavior." - Abhay Aluri

We aren't in the same world, nor the same phase of Bitcoin as we were in 2017. This bull run seems not to be fueled by retail speculation and wall street gamblers, but instead its entering a phase where its a truly legitimized, investment grade asset that is being used as a first layer money to hedge against the infrastructure of the financial system, as well as against the increasing volatility and devaluation seen across all fiat currency. Another great article from Bitcoin Magazine, by author Abhay Aluri, "Bitcoin 2017 v 2021: How This Bull Run is Different."

Check out the original article at the length below: https://bitcoinmagazine.com/articles/bitcoin-2017-vs-2021-how-this-bull-run-is-different

Don't forget to check out the other articles by Abhay linked in this piece: https://ryze.substack.com/p/bitcoin-as-the-ultimate-insurance https://ryze.substack.com/p/money-printing-inflation-and-the

Stack sats automatically and get $10 free to start with my referral link: http://swanbitcoin.com/guy

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Thanks to the amazing team over at BTCMedia and the LTBNetwork for sharing this show and don't forget to check out the Bitcoin2021 Conference and get your tickets if you haven't yet!! It's gonna be LiT!🔥 https://b.tc/conference Learn more about your ad choices. Visit megaphone.fm/adchoices

Curious to know what the recent clown show of GameStop and r/WallStreetBets was all about? Well we get into it in today's rant about the phenomenal arrogance and outright manipulation of the major players in Wall Street after retail investors made them cry. There is nothing that could more perfectly demonstrate the reality that average Joe's only have freedom when they are losing, but when they make a win at the expense of billionaire hedge funds, you can bet your ass the stocks will be delisted, accounts will be frozen, positions will be closed for no reason, the SEC will investigate "manipulation" from the retail investors, & the big dogs will do everything they can to prevent from paying the bill.

GameStop was just the battle, Bitcoin is the War. This shit has got to stop.

Links related to discussion in the show: Naked Shorting: https://www.investopedia.com/terms/n/nakedshorting.asp The "In a Nutshell" Explanation: https://twitter.com/GarbyJooman3/status/1354617711914061827 https://twitter.com/_jimmykelly/status/1354600999835607041/photo/1 SEC Investigating Reddit Users: https://pbs.twimg.com/media/Es2aHJbUYAMgvTy?format=jpg&name=4096x4096 The Passion of WallStreetBets: https://twitter.com/denverbitcoin/status/1354227501304852492 Ja Rule: https://twitter.com/jarule/status/1354812123080138759 Robinhood ClassAction Lawsuit: https://lawandcrime.com/lawsuit/robinhood-trading-app-has-already-been-sued-for-manipulating-the-open-market-by-restricting-trades-on-reddit-driven-stocks/ Insider Trading is Legal, Outsider Trading will be Punished: https://twitter.com/AgoristView/status/1354277645324869633 https://www.reddit.com/r/wallstreetbets/comments/l79x17/it_runs_very_deep_my_friends/ Big Guys need to "Recalibrate": https://www.reddit.com/r/wallstreetbets/comments/l747eg/citadel_reloaded_their_shorts_before_they_told/

Don’t forget to check out our awesome sponsors below: BitBox - Minimal, user friendly, secure, Swiss made, open source, hardware wallet (guyswann.com/BitBox) LVL.co - The first Free, no-fee exchange & Bitcoin banking services! (guyswann.com/lvl) Learn more about your ad choices. Visit megaphone.fm/adchoices

“Because of Nakamoto’s deliberate actions and Bitcoin’s permissionless, free & open-source nature, bitcoin is the first truly neutral money. Bitcoin eliminates the inherent unfairness that comes with all previous monies as well as any need to trust a third party in order to use Bitcoin.” - CK & Deniz Saat The inherent problem with our monetary system is a systemic & inescapable unfairness. Bitcoin is provably, the fairest money that has ever existed. If you actually believe in equality, that everyone should play by the same rules, then there is no defensibility of our current money. For justice & equality, Bitcoin isn’t just a better option, its the only option. Today’s amazing read from Christian Keroles & Deniz Saat, another amazing Bitcoin Magazine piece: “The Cantillon Effect 2.0 - Bitcoin is the World’s First Truly Fair Money” https://bitcoinmagazine.com/articles/cantillon-effect-2-0-bitcoin-is-the-worlds-first-truly-fair-money Another great episode was our recent reads, both from Bitcoin Magazine, first on “Winning Hearts and Minds for Bitcoin,” by Andy Edstrom & Peter McCormack: https://anchor.fm/thecryptoconomy/episodes/Read_487---Winning-Hearts--Minds-for-Bitcoin-Andy-Edstrom--Peter-McCormack-ep6s5k And then CK’s previous piece on the podcast, “The Sovereign Company Thesis”: https://anchor.fm/thecryptoconomy/episodes/Read_475---The-Sovereign-Company-Thesis-Christian-Keroles-env68o

Don’t forget to explore our awesome sponsors and their products at the links below: BitBox - Minimal, user friendly, secure, Swiss made, open source, hardware wallet (guyswann.com/BitBox) LVL.co - The first Free, no-fee exchange & Bitcoin banking services! (guyswann.com/lvl) And a final thanks to the amazing Bitcoin Magazine and LTBNetwork. The service these guys are doing for the Bitcoin space is incalculable! 🙏🏻 Learn more about your ad choices. Visit megaphone.fm/adchoices

"Any solution to the oracle problem, makes Bitcoin able to do anything that any other protocol out there can do." - Nadav Kohen

So much cool technology coming to Bitcoin! We dive into some of the most amazing new tools with Nadav Kohen of SuredBits. DLCs, Turing completeness, PTLCs, The future of Lightning and so much more! Don't miss this incredible Bitcoin Audible Chat

Follow Nadav on Social media: https://twitter.com/nadav_kohen

Check out the SuredBits blog for breakdowns of all this incredible tech: https://suredbits.com/

Specs on DLCs, dig in and check out all the possibilities: https://zmnscpxj.github.io/bitcoin/unchained.html

Video diving into all the cool details & features behind PTLCs: https://www.youtube.com/watch?v=w9o4v7Idjno&feature=youtu.be

Don’t forget to explore our awesome sponsors and their products at the links below: BitBox - Minimal, user friendly, secure, Swiss made, open source, hardware wallet (guyswann.com/BitBox) LVL.co - The first Free, no-fee exchange & Bitcoin banking services! (guyswann.com/lvl) Learn more about your ad choices. Visit megaphone.fm/adchoices

What the hell is everyone squealing about regarding this “critical flaw” and “confirmed double spend” on the Bitcoin network? Is this another 2013 bug, or a giant nothing burger? Guy dives into it on today’s episode and then gets into the follow-up to Wittgenstein’s Money, the amazing piece by Allen Farrington that we covered in the previous episode on the show. What is value, what is money, & what would it seem like if it did seem like a money was emerging from zero? Don’t miss today’s Guy’s Take episode! Other great must watch/listen pieces discussed in this episode: How I made a Toaster from Scratch https://www.youtube.com/watch?v=5ODzO7Lz_pw I, Pencil https://bitcoinaudible.com/?p=1668

Don’t forget to explore our awesome sponsors and their products at the links below: BitBox - Minimal, user friendly, secure, Swiss made, open source, hardware wallet (guyswann.com/BitBox) LVL.co - The first Free, no-fee exchange & Bitcoin banking services! (guyswann.com/lvl) Learn more about your ad choices. Visit megaphone.fm/adchoices

"What would it seem like if it did seem like a global, digital, sound, open source, programmable money was monetizing from absolute zero?" - Allenf32

Today's piece is a remarkable and just fun article that dismisses defending Bitcoin against the static arguments that can't be money because it is too volatile to "store value," isn't a widely used "unit of account," & isn't used as a "medium of exchange," but rather it flips the perspective on its head. Instead of trying to prove that Bitcoin is or will be money, why don't we go back to the beginning and ask what it would look like, if a new digital money was being monetized from zero?

This is one of my favorite of recent episodes, and we will have an awesome Guy's Take on this soon, so don't forget to subscribe! Check out the original article and drop massive applause on this piece at Allen's medium page: https://allenfarrington.medium.com/wittgensteins-money-7cac8d0635cf

Don’t forget to explore our awesome sponsors and their products at the links below: BitBox - Minimal, user friendly, secure, Swiss made, open source, hardware wallet (guyswann.com/BitBox) LVL.co - The first Free, no-fee exchange & Bitcoin banking services! (guyswann.com/lvl) Learn more about your ad choices. Visit megaphone.fm/adchoices

"In a world in which governments and companies continually encroach on personal liberties via surveillance and outright control, Bitcoin shines like a beacon of freedom." - Andy Edstrom & Peter McCormack

The anti-bitcoin narratives are going to flood in and have already started. We need to be ready for it, and that’s why this piece by Andy Edstrom & Peter McCormack is a required listen/read. How do we answer the Fed, how do we respond to the propaganda and the ignorance? Find out in another of Bitcoin Magazine’s incredible recent pieces title, “Winning Hearts & Minds for Bitcoin” Check out the original at the link below, plus the incredible library of articles dropping every day at the link below: https://bitcoinmagazine.com/articles/winning-hearts-and-minds-for-bitcoin Mentioned at the beginning of the show is BtcMag’s page dedicated to everything busting the Energy FUD, keep it for quick reference: https://bitcoinmagazine.com/tags/energy-consumption

Don’t forget to explore our awesome sponsors and their products at the links below: BitBox - Minimal, user friendly, secure, Swiss made, open source, hardware wallet (guyswann.com/BitBox) LVL.co - The first Free, no-fee exchange & Bitcoin banking services! (guyswann.com/lvl) And a final thanks to the amazing Bitcoin Magazine and LTBNetwork. The service these guys are doing for the Bitcoin space is incalculable! 🙏🏻 Learn more about your ad choices. Visit megaphone.fm/adchoices

“Fiat money is a positivist money, a tool of governments pursuing a utopian vision. Bitcoin is a Natural Law money, a tool to protect individual liberty. Bitcoin is therefore the more moral money.” - Jimmy Song There is the economic case, there is the individual sovereignty case, & there is an investment case for Bitcoin. But the deepest case to be made, & the one with the strongest argument, is the moral case. It’s not merely profits, sound economics, or the potential of future growth that make Bitcoin the proper investment, but the moral truths that make Bitcoin the only real option for a better future. Today we read Jimmy Song’s excellent piece from The Bitcoin Time Vol 3, “The Moral Case for Bitcoin.” Don’t forget to check out and drop some applause on the article at Jimmy’s medium page below: https://medium.com/the-bitcoin-times/the-moral-case-for-bitcoin-561ed592a464

A huge thanks as always to Aleks Svetski for putting together such an awesome publication & resource for the Bitcoin community.

Don’t forget to explore our awesome sponsors and their products at the links below: BitBox - Minimal, user friendly, secure, Swiss made, open source, hardware wallet (guyswann.com/BitBox) LVL.co - The first Free, no-fee exchange & Bitcoin banking services! (guyswann.com/lvl) Learn more about your ad choices. Visit megaphone.fm/adchoices

“From the beginning, Bitcoin has remained an open source and fully transparent project, and has the most organic growth trajectory of the industry. Given available information, the market has priced it as it sees fit, out in the open.” - Lyn Alden Bitcoin is a Ponzi, say the detractors. Their arguments never seem anymore sophisticated, and sound increasingly desperate as Bitcoin continues to defy their view. Is there any truth to this? Well Lyn Alden decides to break it down for us, using a range from the most narrow, to the most broad view of a Ponzi, and lays out Bitcoin’s history, network effects, & open nature against it, to make the rather obvious case in hindsight, that Bitcoin, is indeed, Not a Ponzi scheme. Check out the original for a few great graphics and charts to better visualize the argument, and to support/follow the work both of LynAlden, and the excellent Swan Bitcoin blog: https://www.swanbitcoin.com/why-bitcoin-is-not-a-ponzi-scheme-point-by-point/ Support the show at GuySwann.com and start auto-buying your Bitcoin stack using the best service in the space! Get $10 FREE for signing up with my link and support the podcast at the same time: swanbitcoin.com/guy

Don’t forget to explore our awesome sponsors and their products at the links below: BitBox - Minimal, user friendly, secure, Swiss made, open source, hardware wallet (guyswann.com/BitBox) LVL.co - The first Free, no-fee exchange & Bitcoin banking services! (guyswann.com/lvl) Learn more about your ad choices. Visit megaphone.fm/adchoices

“As books became more accessible and affordable, individuals were now personally consuming, reflecting upon and critiquing written texts. It was an idea meritocracy. No longer was “truth” conferred solely by the ordained to the illiterate masses inside of churches.” - Anil The Printing press was a revolution in the spread of information and communication, leading to the Renaissance and the age of Science & Reason. Bitcoin is a revolution in the dissemination & spread of real economic value. It will create a Renaissance that will dwarf that of the printing press. Check out the original and follow the author at the links below: https://bitcoinmagazine.com/articles/bitcoin-and-the-printing-press https://twitter.com/anilsaidso A huge thank you to the LTBNetwork for supporting this podcast and sharing it out with their amazing audience! And to Bitcoin Magazine for the incredible work they do in furthering education and new in the Bitcoin space.

Don’t forget to explore our awesome sponsors and their products at the links below: BitBox - Minimal, user friendly, secure, Swiss made, open source, hardware wallet (guyswann.com/BitBox) LVL.co - The first Free, no-fee exchange & Bitcoin banking services! (guyswann.com/lvl) Learn more about your ad choices. Visit megaphone.fm/adchoices

An excellent chat today with 2 brilliant, bullish, & amazing writers in the Bitcoin space. Andy Edstrom, author of "Why Buy Bitcoin," and Knut Svnaholm of "Sovereignty Through Mathematics" and "Independence Reimagined" join us today for a discussion on everything important with catching the new people coming to Bitcoin, the complications with solidifying ideas out and making them accessible, the feedback loops that will make Bitcoin a dominant macro-political force, & what we can expect from 2021. Dont miss Chat #55 with Knut & Andy.

FOLLOW Knut & Andy on Twitter so you don't miss their awesome content! Knut Svanholm - https://twitter.com/knutsvanholm Andy Edstrom - https://twitter.com/edstromandrew

Don’t forget to explore our awesome sponsors and their products at the links below: BitBox - Minimal, user friendly, secure, Swiss made, open source, hardware wallet (guyswann.com/BitBox) LVL.co - The first Free, no-fee exchange & Bitcoin banking services! (guyswann.com/lvl) Learn more about your ad choices. Visit megaphone.fm/adchoices

“Hard times make strong men, strong men create good times, good times create weak men, and weak men create hard times.” - Giacomo Zucco Today's read is another amazing article from Vol 3 of The Bitcoin Times. This is such a cool concept taking an evolutionary and social pattern and applying it to technology and the history of the internet. Another brilliant piece for the archive and I had a blast with Guy’s Take section on this one, so don’t miss it. Check out the original and the other amazing pieces from the Bitcoin Time Vols at the link below: https://medium.com/the-bitcoin-times/bitcoin-and-the-hopf-cycle-of-the-internet-f351f1b7c1e3 Don’t forget to explore our awesome sponsors and their products at the links below: BitBox - Minimal, user friendly, secure, Swiss made, open source, hardware wallet (guyswann.com/BitBox) LVL.co - The first Free, no-fee exchange & Bitcoin banking services! (guyswann.com/lvl) Learn more about your ad choices. Visit megaphone.fm/adchoices

"Perhaps just in time, each U.S. citizen now has a choice. You can stay on the Fiat Standard, in which some people get to produce unlimited new units of money for free, just not you. Or opt in to the Bitcoin Standard, in which no one gets to do that, including you. With the option, now, of a monetary system governed by rules instead of rulers, on behalf of myself, my family, and the firms I’m responsible for leading, I’ve made my choice." - Ross L. Stevens

After about 100 requests to get it done and 2 days of recording, it's here. The Stone Ridge 2020 Shareholder Letter, that is a brilliantly thorough yet succinct breakdown of the value case for Bitcoin and how it fits into our highly volatile political and financial environments. Looking back on 2020 and what it may tell us about the years ahead.

Check out the original posted by Michael Saylor on the Microstrategy website below: https://www.microstrategy.com/en/bitcoin/documents/stone-ridge-2020-shareholder-letter

Also great, which I listened to just before recording this piece, is the "What is water" speech by David Foster Wallace. Its a must listen: https://www.youtube.com/watch?v=8CrOL-ydFMI

And of course our lovely sponsors for Bitcoin Audible: BitBox - Minimal, user friendly, secure, Swiss made, open source, hardware wallet (guyswann.com/BitBox) LVL.co - The first Free, no-fee exchange & Bitcoin banking services! (guyswann.com/lvl) Learn more about your ad choices. Visit megaphone.fm/adchoices

"We don’t need to reinvent the wheel. People play games because they are fun, not because they are on a blockchain." - Simon Cowell

As Bitcoin established a universal value transfer protocol for the internet, we are going to begin to see unique monetization, and also incentive models that simply weren't possible before. One area, that historically has had deep ties to monetary incentive, but lost it in the digital age... was gaming. Listen to today's excellent article from Bitcoin Magazine and author Simon Cowell for a fascinating look at a Lightning tool built by ZebeDee, and what it may mean for the future of gaming.

Check out the original article below: https://bitcoinmagazine.com/articles/bitcoins-killer-application-skin-in-the-game

Don't forget to check out the awesome products of the Bitcoin Audible sponsors: BitBox - Minimal, user friendly, secure, Swiss made, open source, hardware wallet (guyswann.com/BitBox) LVL.co - The first Free, no-fee exchange & Bitcoin banking services! (guyswann.com/lvl) Learn more about your ad choices. Visit megaphone.fm/adchoices

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: BitBox - Minimal, user friendly, secure, Swiss made, open source, hardware wallet (guyswann.com/BitBox) LVL.co - The first Free, no-fee exchange & Bitcoin banking services! (guyswann.com/lvl) Learn more about your ad choices. Visit megaphone.fm/adchoices

“Learn about Bitcoin. Learn why its importance is so much greater than the wealth it might create for you and your family. When you do, teach others. Their futures may depend on it.” - Jeff Booth Finishing the amazing piece from the Bitcoin Times, Vol 3, Jeff Booth’s excellent article on the game theory when technological deflation meets the fiat inflationary machine. Don’t miss the awesome conclusion with Part 2 of “The Greatest Game.” Check out the original article below, plus the other great works with The Bitcoin Times vol 3: https://medium.com/the-bitcoin-times/the-greatest-game-b787ac3242b2 Check out Jeff Booth's excellent book if you haven't read it, The Price of Tomorrow: The Price of Tomorrow

A huge Thank You to the Bitcoin Audible Sponsors: Hexa Wallet - Mobile wallet, seedless, batching, custom fees, multiple accounts & more (guyswann.com/Hexa) BitBox - Minimal, user friendly, secure, Swiss made, open source, hardware wallet (guyswann.com/BitBox) LVL.co - The first Free, no-fee exchange & Bitcoin banking services! (guyswann.com/lvl) --- Send in a voice message: https://anchor.fm/thecryptoconomy/message Learn more about your ad choices. Visit megaphone.fm/adchoices

The Price of Tomorrow: Why Deflation is the Key to an Abundant Future

“You never change things by fighting the existing reality. To change something, build a new model that makes the existing model obsolete” - Buckminster Fuller

Today we are digging back into The Bitcoin Times Vol 3! Our read is a brilliant piece by Jeff Booth, author of The Price of Tomorrow, titled “The Greatest Game.” Paradigm shifts, why they are so hard to see, why capitalistic failure is a critical component, and how the old system compounds its own imbalances that make it unable to compete with the new challenger. A lens to view our changing world, this is not to be missed.

Don't forget to check out the original with that hilarious graph showing just how horribly off mark the CBO yield estimates have been for the past decade, plus the other great work from the author & The Bitcoin Times: https://medium.com/the-bitcoin-times/the-greatest-game-b787ac3242b2

Check out Jeff Booth's excellent book if you haven't read it, The Price of Tomorrow: The Price of Tomorrow

A huge Thank You to the Bitcoin Audible Sponsors: Hexa Wallet - Mobile wallet, seedless, batching, custom fees, multiple accounts & more (guyswann.com/Hexa) BitBox - Minimal, user friendly, secure, Swiss made, open source, hardware wallet (guyswann.com/BitBox) LVL.co - The first Free, no-fee exchange & Bitcoin banking services! (guyswann.com/lvl) Learn more about your ad choices. Visit megaphone.fm/adchoices

The Price of Tomorrow: Why Deflation is the Key to an Abundant Future

Just after the announcement of the SEC lawsuit, a filing that is just full of scammy goodness, the ongoing delistings of XRP, & a massive crash in the price... what better time is there to dedicate a full episode of Shitcoin Insider to the glorious XRP?

Is Ripple a security? Is it a scam? Can it do anything it claims to do? Does anyone even use their product? Find out all this and more with Guy and his co-host, THE Shitcoin Insider returning for our conversation. The duo are joined today with yet another Insider, this one working in the industry and with a trove of Ripple knowledge. Find out everything you never knew you needed to know about Ripple, in today's Shitcoin Insider! Learn more about your ad choices. Visit megaphone.fm/adchoices

"After all, Bitcoin is just a tool, and it’s only revolutionary in so far as its unique attributes generate novel possibilities for action — that is to say, new behaviors." - John Vallis

Before continuing our ride through The Bitcoin Times, we have a fantastic piece from John Vallis as part of the End of Year 2020 series with Bitcoin Magazine. One of numerous excellent articles looking back on 2020 and what it brought to Bitcoin, and what Bitcoin brought to it. John Vallis gives us a perspective of the change that Bitcoin instills, after all its just a tool, what really makes a difference, and where the change truly lies, is in us.

Don't miss a wonderful piece on the human element of Bitcoin's societal revolution. Bullish on Bitcoiners: https://bitcoinmagazine.com/articles/after-an-unforgettable-year-im-most-bullish-on-bitcoiners

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We are in the midst of one of history's greatest financial bubbles, represented both in a global debt crisis, as well as a bloated, subsidized financial sector that is many times greater in size than it naturally should be. Rather than Bitcoin being the bubble that everyone claims it is, on the contrary, the financial system is a "greater fool" bubble, and Bitcoin is the pin.

Don't forget to check out the great reads that were mentioned and shed tons of light on today's take: The Use of Knowledge in Society: https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_250---Use-of-Knowledge-in-Society-Part-1---F--A--Hayek-e43pfj/a-afr12i The Fraying of the Petrodollar System: Part 1 - https://anchor.fm/thecryptoconomy/episodes/Read_473---The-Fraying-of-the-Petrodollar-System---Part-1-Lyn-Alden-enrte3/a-a44sscd Part 2 - https://anchor.fm/thecryptoconomy/episodes/Read_474---The-Fraying-of-the-Petrodollar-System---Part-2-Lyn-Alden-ente7q/a-a457ib8 Bitcoin is the Great Financialization: https://anchor.fm/thecryptoconomy/episodes/Read_477---Bitcoin-is-the-Great-Definancialization-Parker-Lewis-eo62fl

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"The greatest trick that central banks ever pulled was convincing the world that individuals must perpetually take risk just to preserve value already created (and saved). It is insane, and the only practical solution is to find a better form of money which eliminates the negative asymmetry inherent to systemic currency debasement." - Parker Lewis

Let the Gradually, Then Suddenly series never die! Installment #17 comes to us in the 2020 edition of The Bitcoin Times. Parker Lewis hits it out of the park again with a piece detailing the process by which our monetary system has led to a massive, bloated, and over-financialized economy, forcing people to fight just to keep the value they already earned.

"Bitcoin is the Great Definancialization" https://medium.com/the-bitcoin-times/bitcoin-is-the-great-definancialization-65b4c27a8371

Don't forget to check out the graphics in the piece above and drop some massive applause, also explore the other brilliant pieces in the newest edition of The Bitcoin Times. https://sites.google.com/getamber.io/thebitcointimes/

A huge Thank You to the Bitcoin Audible Sponsors: Hexa Wallet - Mobile wallet, seedless, batching, custom fees, multiple accounts & more (guyswann.com/Hexa) BitBox - Minimal, user friendly, secure, Swiss made, open source, hardware wallet (guyswann.com/BitBox) LVL.co - The first Free, no-fee exchange & Bitcoin banking services! Learn more about your ad choices. Visit megaphone.fm/adchoices

"we should all take a moment to be deeply grateful for the introduction of an ark upon which we can board, and from which we can later rebuild.” - Aleks Svetski

The Bitcoin Times vol 3 has LANDED! We are getting into it with 7 incredible pieces, starting today with the froward from Aleks Svetski, "Bitcoin & the Legend of Prometheus." You aren't going to want to miss this week as we dive into tons of other great works by Parker Lewis, Jeff Booth, Giacomo Zucco, Erik Cason, & Jimmy Song.

Check out the original by Aleks Svetski at the link below to drop some applause: https://medium.com/the-bitcoin-times/bitcoin-the-legend-of-prometheus-13170ca65ce0

A huge Thank You to the Bitcoin Audible Sponsors: Hexa Wallet - Mobile wallet, seedless, batching, custom fees, multiple accounts & more (guyswann.com/Hexa) BitBox - Minimal, user friendly, secure, Swiss made, open source, hardware wallet (guyswann.com/BitBox) LVL.co - The first Free, no-fee exchange & Bitcoin banking services! Learn more about your ad choices. Visit megaphone.fm/adchoices

Today we have a crazy fun show after getting to hang with Jim & Hari (and James)from the What Do We Know podcast! A couple of guys who just wanted to know WTF a Bitcoin was, and we get into all of it in a 2 hour marathon. This is part 1, with part 2 on the way.

Check out the What do We Know podcast with Jim & Hari and their other crazy topics they dig into by visiting the link below: guyswann.com/wdwk

Check them out on Instagram at @podcastwdwk

A huge Thank You to the Bitcoin Audible Sponsors: Hexa Wallet - Mobile wallet, seedless, batching, custom fees, multiple accounts & more (guyswann.com/Hexa) BitBox - Minimal, user friendly, secure, Swiss made, open source, hardware wallet (guyswann.com/BitBox) LVL.co - The first Free, no-fee exchange & Bitcoin banking services! Learn more about your ad choices. Visit megaphone.fm/adchoices

“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/ Learn more about your ad choices. Visit megaphone.fm/adchoices

“Today, bitcoin is still an alternative treasury asset, but as larger and more powerful organizations begin to use Bitcoin directly, they will begin to tear away from the overreach of governments. This in and of itself will challenge the dynamics of governance and the nature of nation states as we currently know them." - Ck_snarks

We all know that Bitcoin creates sovereignty and protects the individual's right to own and use money without the permission of government. But everything it provides to the individual, it can provide to a company as well. With the BitMEX example giving us a taste of what could be, Christian Keroles takes us through a great, quick read on the sovereignty of business enterprise in a Bitcoin world, and how it fundamentally changes the dynamics of governance, and removes the power to shut down the capital of the world.

Check out the full article plus the tons of other great works at Bitcoin Magazine: https://bitcoinmagazine.com/articles/the-sovereign-company-thesis

A huge Thank You to the Bitcoin Audible Sponsors: Hexa Wallet - Mobile wallet, seedless, batching, custom fees, multiple accounts & more (guyswann.com/Hexa) BitBox - Minimal, user friendly, secure, Swiss made, open source, hardware wallet (guyswann.com/BitBox) LVL.co - The first Free, no-fee exchange & Bitcoin banking services! Learn more about your ad choices. Visit megaphone.fm/adchoices

"As a decentralized and open source project, adopted by many programmers and proponents around the world, many intelligent people have dedicated their careers to Bitcoin. It’s hard to find a more voracious group of people than those in the Bitcoin community, and increasingly over time, Wall Street money has poured in as well." - Lyn Alden

Today we conclude the awesome piece from Lyn Alden breaking down the petrodollar system and get some time to explore just how entering Bitcoin into the field could change the path going forward. Does it become a niche asset that serves a small market for specific use cases, or does it become something much bigger? Listen to find out, we have got a marathon of one today, and you don't want to miss it.

Don't forget to explore the absolute treasure trove of graphs and data to accompany this piece, and obviously the other amazing work from Lyn Alden as well: https://www.lynalden.com/fraying-petrodollar-system/#next

A huge Thank You to the Bitcoin Audible Sponsors: Hexa Wallet - Mobile wallet, seedless, batching, custom fees, multiple accounts & more (guyswann.com/Hexa) BitBox - Minimal, user friendly, secure, Swiss made, open source, hardware wallet (guyswann.com/BitBox) LVL.co - The first Free, no-fee exchange & Bitcoin banking services! Learn more about your ad choices. Visit megaphone.fm/adchoices

"Taking my view a step further, evidence shows that the global monetary system as currently structured is gradually re-aligning itself, and this fact will have important ramifications for investments over the long run." - Lyn Alden

We start today into another amazing piece from Lyn Alden that digs into the history, the cycles, the problems, the half solutions, and the long term consequences of our dollar based global monetary system. What led to its creation, how does it move in the macro environment, and are crack beginning to show that may have the world re-align to an entirely new system? Don't miss the first part of this amazing piece, "The Fraying of the Petrodollar System."

Find the plethora of charts and data to go along with it at the link below, plus the other amazing work from Lyn: https://www.lynalden.com/fraying-petrodollar-system/#fraying

A huge Thank You to the Bitcoin Audible Sponsors: Hexa Wallet - Mobile wallet, seedless, batching, custom fees, multiple accounts & more (guyswann.com/Hexa) BitBox - Minimal, user friendly, secure, Swiss made, open source, hardware wallet (guyswann.com/BitBox) LVL.co - The first Free, no-fee exchange & Bitcoin banking services! Learn more about your ad choices. Visit megaphone.fm/adchoices

"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 Wallet - Mobile wallet, seedless, batching, custom fees, multiple accounts & more (guyswann.com/Hexa) BitBox - Minimal, user friendly, secure, Swiss made, open source, hardware wallet (guyswann.com/BitBox) LVL.co - The first Free, no-fee exchange & Bitcoin banking services! Learn more about your ad choices. Visit megaphone.fm/adchoices

"For the reader who has become familiar with the operation of bitcoin, a good way to understand the operation of fiat is by drawing analogy to the operation of bitcoin using concepts like mining, nodes, balances, and proof of work. My aim is to explain the operation and engineering structure of the fiat monetary system and how it operates, in reality, away from the naive romanticism of governments and banks who have benefited from this system for a century." - Saifedean Ammous

Today we dig into Chapter 1 of the sequel to the seminal work in the Bitcoin ecosystem, The Fiat Standard. The book is being published on Saifedean.com chapter by chapter before its final release, and you can subscribe to get his courses and the other chapters as they release. But today we dig into the first chapter, the ideas, and a new mindset for examining the failures and successes of fiat money. This is not to be missed.

The Fiat Standard - Chapter 1: https://saifedean.com/the-fiat-standard-chapter-1/

A huge Thank You to the Bitcoin Audible Sponsors: Hexa Wallet - Mobile wallet, seedless, batching, custom fees, multiple accounts & more (guyswann.com/Hexa) BitBox - Minimal, user friendly, secure, Swiss made, open source, hardware wallet (guyswann.com/BitBox) LVL.co - The first Free, no-fee exchange & Bitcoin banking services! Learn more about your ad choices. Visit megaphone.fm/adchoices

"My own prediction is that slow bleed has been accelerating and is only the first step. The second step will be speculative attacks that use bitcoins as a platform. The third and final step will be hyper-bitcoinization." - Pierre Rochard

We are entering a new phase of the Bitcoin game theory. What really happens when the hardest money in the world, encounters hundreds of weak, fiat currencies? What unfolds is a series of feedback loops that drive the bad money out of circulation, and leads to eventual "speculative attacks" on the weaker currencies particularly in conditions with high capital controls, falling reserves, and manipulated interest rates. All conditions that the modern world finds every way they look. Don't miss this amazing blast from the past by Pierre Rochard, predicting the very environment of 2020, back in 2014.

From the ever amazing Nakamoto Institute, Pierre's "Speculative Attack": https://nakamotoinstitute.org/mempool/speculative-attack/

A huge thank you to the Bitcoin Audible Sponsors: Hexa Wallet - Mobile wallet, seedless, batching, custom fees, multiple accounts & more (guyswann.com/Hexa) BitBox - Minimal, user friendly, secure, Swiss made, open source, hardware wallet (guyswann.com/BitBox) LVL.co - The first Free, no-fee exchange & Bitcoin banking services! Learn more about your ad choices. Visit megaphone.fm/adchoices

“What Bitcoin is depends on its use as a means of storing and porting value, which in turn rests on secure titles to ownership of a scarce good.” - Jeffrey Tucker

It can be incredibly difficult to make sense of, and imagine the immense amount of value provided by the Bitcoin system. And so often we conflate the token itself, with the assurances it provides. Clearly they cannot be detached from one another, but what else is there that could explain how, after 10 months at a price of zero, Bitcoin finally achieved a positive valuation? What led to this moment, and does this break Mises's Regression Theorem, or does it actually meet the criteria laid out by the brilliant economist, almost a century later?

Find out in today's awesome read from author and editorial Director of Aier.org, Jeffrey Tucker: https://www.aier.org/article/why-does-bitcoin-have-value/

A huge thank you to the Bitcoin Audible Sponsors: Hexa Wallet - Mobile wallet, seedless, batching, custom fees, multiple accounts & more (guyswann.com/Hexa) BitBox - Minimal, user friendly, secure, Swiss made, open source, hardware wallet (guyswann.com/BitBox) LVL.co - The first Free, no-fee exchange & Bitcoin banking services! Learn more about your ad choices. Visit megaphone.fm/adchoices

"With his choice of words, Taaki had outed an elephant in the room. It was true, Nakamoto had enacted soft forks, but by late 2011, the network no longer operated as it did in those early days." - Aaron & Pete

Before the great block size wars of 2017, there was the first war of the Bitcoin protocol, that established the ideological divide, and ask the question that would infamy get its answer on Bitcoin’s Independence Day in 2017. Another excellent Bitcoin Magazine piece from authors, Pete Rizzo & Aaron Van Wirdum: “The Untold Story of the First Bitcoin War”

Check out the Original article for tons of referenced conversations and sources, plus the other excellent stuff by both articles and Bitcoin Magazine: https://bitcoinmagazine.com/articles/the-battle-for-p2sh-the-untold-story-of-the-first-bitcoin-war

A huge thank you to the Bitcoin Audible Sponsors: Hexa Wallet - Mobile wallet, seedless, batching, custom fees, multiple accounts & more (guyswann.com/Hexa) BitBox - Minimal, user friendly, secure, Swiss made, open source, hardware wallet (guyswann.com/BitBox) LVL.co - The first Free, no-fee exchange & Bitcoin banking services!

And lastly a huge thank you to BTCMedia and the LTBNetwork for the amazing resource they've been to the Bitcoin space! Learn more about your ad choices. Visit megaphone.fm/adchoices

“Bitcoin is a battle ground to restore freedom, truth, and virtue in the world.” - Robert Breedlove Another excellent piece from Breedlove, this time on the SwanBitcoin blog. The very purpose of money and civilization is to abate the entropy and chaos of the natural world. It is to protect ourselves from an uncertain future. Central banks are institutions that confiscate that production and safety for themselves and the political apparatus, and pour entropy into our lives and economic realities. Bitcoin will realign the incentives, it will protect the people and entrepreneurs from the evils of inflation, and it will finally right the ship. Today’s read by Robert Breedlove, “Bitcoin is Hope.” Check out the tons of additional links and ways to follow Breedlove and support his work by going to the link, as well as some great quotes and artwork that accompany this piece: https://www.swanbitcoin.com/bitcoin-is-hope

Thank you sponsors! Hexa Wallet - Mobile wallet, seedless, batching, custom fees, multiple accounts & more (guyswann.com/Hexa) BitBox - Minimal, user friendly, secure, Swiss made, open source, hardware wallet (guyswann.com/BitBox)

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"But there is something even more interesting that happens with mining and electricity. Not only does Bitcoin mining add revenue to existing locations of energy production, but it also makes other previously unprofitable energy sources profitable." - Rollo McFloogle

A Guest post from both a patron to the show and host of the Rollo & Slappy Show, we dive into a Bitcoin Magazine piece by Rollo McFloogle. Often when you talk about Bitcoin as a future money, people attack back with the claim that it "doesn't work without electricity!" This is obviously true, but exactly how much should this matter to us, and what is the risk to the Bitcoin network really? Maybe they are just an idiot, like Grum... hear all about it in today's article, "Bitcoin Does Not Rely on Utilities."

Full article and other great stuff at Bitcoin Magazine: https://bitcoinmagazine.com/articles/you-dont-have-to-worry-about-bitcoins-reliance-on-utilities

Thank you sponsors! Hexa Wallet - Mobile wallet, seedless, batching, custom fees, multiple accounts & more (guyswann.com/Hexa) BitBox - Minimal, user friendly, secure, Swiss made, open source, hardware wallet (guyswann.com/BitBox)

The Cosmic Deep Dive Course! 21% off with code "guyswann"! This is not a sponsorship, but just a great way to learn about Bitcoin from incredibly knowledgable people in this space. Learn more about your ad choices. Visit megaphone.fm/adchoices

Had an excellent chat with the CEO of ShiftCrypto yesterday all about building Bitcoin hardware, the security trade offs, and creating secure tools for a world where security is both foreign and a distant after thought. How does Bitcoin change our digital environment, and the way we think about security? Dont miss this and much more in today's chat!

Follow the founders, Douglas Bakkum & Jonas Schnelli on Twitter. And stay up on the company and what they are building at the link below: https://twitter.com/ShiftCryptoHQ

If you want to get your BitBox hardware wallet, check them out at guyswann.com/bitbox

And a huge thanks to both of our sponsors, ShiftCrypto for today's awesome conversation, and Hexa Wallet for supporting the podcast and bringing the best in Bitcoin to everyone who doesn't have the time to read! Learn more about your ad choices. Visit megaphone.fm/adchoices

"And replacing gold is just the start. Bitcoin isn’t just a better gold; because of its programmability, it’s a platform that will host the future of money. It will disintermediate many core functions in finance." - James O'Beirne

For those new to Bitcoin, this is a great, short introduction to why the next year could be a massive shift, and why we don't want friends and family to miss it, for not having heard from those in the space. Unsolicited financial advise is always uncomfortable, but saying nothing at all might be even more so. Check out James O'Beirne's excellent piece to friends & family... "A Note on Bitcoin"

The original has many links to other works and content, services mentioned, charts showing the relationships, & lots of other useful info below: https://docs.google.com/document/d/1Vx8EMBrOE7hkXKeyQBiIyCKb7TOzn1AEUaxn4dfuU1I/

Thank you sponsors! Hexa Wallet - Mobile wallet, seedless, batching, custom fees, multiple accounts & more (guyswann.com/Hexa) BitBox - Minimal, user friendly, secure, Swiss made, open source, hardware wallet (guyswann.com/BitBox)

The Cosmic Deep Dive Course! 21% off with code "guyswann"! This is not a sponsorship, just a great way to learn about Bitcoin from incredibly knowledgable people in this space.

Other great wallets & Services that Guy uses: SwanBitcoin.com/guy - for buying & holding Bitcoin long term ($10 in BTC for FREE) Green Wallet (by Blockstream) - Another simple mobile wallet Breez Wallet - Lightning wallet for Android + iOS, cheap & instant transactions Sphinx Chat - Encrypted chat and streaming sats! Join the Bitcoin Audionauts Tribe! Cash App - Great place to buy Bitcoin easily on mobile Fold App - Great way to get % Bitcoin back on all the things you already buy!

Learn more about your ad choices. Visit megaphone.fm/adchoices

Want to hear all of the bullish cases for Bitcoin? Protection for pensions, the fiscal cliff we are speeding toward, capital movement for the wealthy, a safe haven for corporate treasuries, a dominant millennial investment vehicle, & so much more. Bitcoin has so many feedback mechanisms to increase its value, to make it a globally significant asset for every demographic, & potentially to fulfill the role as a new global reserve. All while having a perfectly inelastic supply. The only thing that can adjust, is the price.

Today's episode is a fantastic thread from Brandon Quittem for some Thanksgiving Day moon juice! https://twitter.com/Bquittem/status/1327732566191976452

Other episodes & article mentioned in today's Guy's Take section: A Bold American Future: https://bitcoinaudible.com/?p=3901 The Promise of Independent Property Rights: https://bitcoinaudible.com/?p=2556 Guy's Take - The Dominos are Falling: https://bitcoinaudible.com/?p=4634 Guy's Take - The Next Domino... https://bitcoinaudible.com/?p=4883 Magic Gold with Michael Saylor: https://bitcoinaudible.com/?p=4758

Check out our amazing sponsors below for a veritable suite of Bitcoin storage solutions: Hexa wallet is an excellent and versatile mobile storage, with a clever seedless backup, multiple accounts, batching & more. Find out more at GuySwann.com/hexa. Then for a simple, sleek, swiss made, & secure hardware wallet solution for your cold storage, check out the BitBox02! GuySwann.com/BitBox Learn more about your ad choices. Visit megaphone.fm/adchoices

The inventor of podcasting, the Podfather himself Adam Curry, joins us today for an incredible chat about Bitcoin and re-decentralizing cyberspace. The Great Reset, centralized platforms, censorship, surveillance, a destruction of freedoms, a new technology, fixing the money, a rebirth of purpose, and the Great Awakening.

Check out the amazing things they are building at the links below: https://podcastindex.org https://podcasterwallet.com/ https://newpodcastapps.com/

And be sure to join his Tribe, my own at the Bitcoin Audionauts, and the other on the Sphinx Chat app. tribes.sphinx.chat

A huge thanks to our awesome sponsors! Hexa Wallet for an excellent, feature-rich mobile Bitcoin wallet. It brings multiple accounts and built in transaction batching so you can send Bitcoin to your lightning wallet, a friend, and to your cold storage all at once to save on fees! guyswann.com/hexa

...And for your cold storage we have the excellent BitBox02 from ShiftCrypto. A simple, Swiss made, open source, secure hardware wallet that makes it super easy to have secure, reliable cold storage savings for the long term Bitcoin holder. guyswann.com/bitbox Learn more about your ad choices. Visit megaphone.fm/adchoices

"All you can do with Bitcoin once you buy it is sell it, but you need somebody else to buy it from you." - Peter Schiff

James Woods shared a tweet with what is, in the end, a generally rational skepticism and common initial impression of Bitcoin. From an article at Fox Business, that based its argument on a few quotes from the king and queen of Bitcoin trolls, Peter Schiff and Nouriel Roubini. "You can't do anything with it but sell it," they claim, "its a huge scam and pump and dump" they added. As a Bitcoiner I would obviously argue this is completely false, but its not easy at first to see why, and it takes a huge amount of history, and close scrutiny to see the bigger picture.

That's why in this episode, I hope to answer the article, and maybe shed some light on why its views are wrong. Maybe James will listen to it, maybe not, but hopefully some skeptic out there can find value in hearing answers to very common, but ultimately very wrong views as to what Bitcoin is.

Todays episode, I get into all of it, with "Dear James Woods."

The tweet and article in question: https://twitter.com/RealJamesWoods/status/1329513077654528002?s=20

As mentioned, a brilliant and extensive series hitting so many of these concepts in far greater detail, by the amazing author Parker Lewis, is the Gradually, Then Suddenly, series. The playlist of the full series can be found at the link below: https://open.spotify.com/playlist/4NRn7e8FbNtoCLSigf8GV4?si=0ezq3gTvS8CAKMmxYdhA1w

A huge thanks to our awesome sponsors! Hexa Wallet for an excellent, feature-rich mobile Bitcoin wallet. It brings multiple accounts and built in transaction batching so you can send Bitcoin to your lightning wallet, a friend, and to your cold storage all at once to save on fees! Hexawallet.io

...And for your cold storage we have the excellent BitBox02 from ShiftCrypto. A simple, Swiss made, open source, secure hardware wallet that makes it super easy to have secure, reliable cold storage savings for the long term Bitcoin holder. guyswann.com/bitbox Check them out and let them know I sent you! Learn more about your ad choices. Visit megaphone.fm/adchoices

“Taproot will unlock a new range of possibilities for Bitcoin, improving privacy and expanding smart contract possibilities”

The code has been merged, the client is on the way, and it's time for the miners and community to bring this to the next step. Led by the mining pool "Poolin," they and others are reaching out to other major pools to get confirmation on support for the soft fork upgrade, and how they would like to see it activated. With various options, risks, and time horizons, this is the beginning of finding a standard for the client release where taproot is finally brought to the Bitcoin network. Today's read is another great piece from Bitcoin Magazine author Aaron Van Wirdum breaking it all down. Listen to find out.

Check out the original and stay up to date with the remarkable resource over at BitcoinMagazine.com: https://bitcoinmagazine.com/articles/poolin-launches-initiative-to-activate-taproot-encouraging-other-mining-pools-to-join

To dive deeper into Taproot, what it is, and what it enables, check out a previous article from Aaron explaining the whole picture: Taproot is Coming: https://bitcoinaudible.com/?p=3435

And thank you to our amazing sponsors for Bitcoin Audible! • For an awesome mobile wallet be sure to check out our sponsor, Hexa Wallet at guyswann.com/hexa • And for a simple, secure, open source hardware wallet, BitBox is the way to go by ShiftCrypto. Check it at guyswann.com/bitbox

Satoshi Bless the incredible LTBNetwork and the resource they've built for Bitcoiners for so many years! 🙏🏻 letstalkbitcoin.com Learn more about your ad choices. Visit megaphone.fm/adchoices

"It takes two nudges to convert a nocoiner. The vast majority of people got their very first nudge in 2017. These people are now primed for that second nudge, which is coming in roaring." - Eric Wall

The new bull market is coming in hot, but it feels very different from previous cycles. What is it exactly? Can we see it in the data? Is this another FOMO, retail speculative buy in? Or is this something bigger? Listen to today's read from the Arcane Research blog of "Eric's November Thoughts" about what the foundations of this bull run are, and why this time, might actually be a little different.

Check out the original and follow Eric at the links below: https://research.arcane.no/blog/erics-november-thoughts https://twitter.com/ercwl

And for the excellently bullish thread covered during the Guy's Take section, check it out below: https://twitter.com/AnthonyDessauer/status/1328552929083621377?s=20

• For an awesome mobile wallet be sure to check out our sponsor, Hexa Wallet at guyswann.com/hexa • And for a simple, secure, open source hardware wallet, BitBox is the way to go by ShiftCrypto. Check it at guyswann.com/bitbox Learn more about your ad choices. Visit megaphone.fm/adchoices

Today's chat is with the brilliant and always entertaining Aleks Svetski (https://twitter.com/AleksSvetski). On the state of the world, our turbulent future ahead, and getting trapped in the empty pursuit of happiness while losing sight of the deeper search for meaning. We had no agenda for this show and just went deep into whatever felt right with this one. Not to be missed.

Check out Aleks, his incredible writing, his great service for purchasing Bitcoin, and his no-nonsense tweets: https://twitter.com/AleksSvetski https://twitter.com/TheAmberApp

And a huge thanks to our awesome sponsors! Hexa Wallet for an excellent, feature-rich mobile Bitcoin wallet. It brings multiple accounts and built in transaction batching so you can send Bitcoin to your lightning wallet, a friend, and to your cold storage all at once to save on fees! Hexawallet.io

...And for your cold storage we have the excellent BitBox02 from ShiftCrypto. A simple, swiss made, open source, secure hardware wallet that makes it super easy to have secure, reliable cold storage savings for the long term Bitcoin holder. guyswann.com/bitbox Check them out and let them know I sent you! Learn more about your ad choices. Visit megaphone.fm/adchoices

"Bitcoin is more easily verifiable than gold, in terms of being a reserve asset and being used as collateral. It’s more frictionless to transfer than gold, and has a hard-capped supply. And I like gold too; I’ve been long it since 2018, and still am." - Lyn Alden

With so many new eyes on Bitcoin, there are a large number of questions that the typical outsider has. Lyn Alden, in this excellent piece, breaks down the major misconceptions around Bitcoin and why she is bullish for 2021.

For the many charts and graphics that accompany the arguments laid out in this piece, check out the original, plus the tons of other great analysis on her blog at the link: https://www.lynalden.com/misconceptions-about-bitcoin/

Places to Buy Bitcoin: SwanBitcoin.com/Guy SwanBitcoin.com/Alden Cash App River Financial Bull Bitcoin Coinfloor

And a big thanks to our sponsor Hexa Wallet for supporting the Audible of the Bitcoin space! Learn more about your ad choices. Visit megaphone.fm/adchoices

What does having savings, & the incentives reestablished by sound money, do to a person's character? How does it change who we are when we have something that we know is ours, and frees us of dependence on another human being? With a short read of a Bank Ad from many decades ago that shows an entirely different view of money and savings, we dig into how money affects us on a different level.

Shout out to Marty Bent who I think is responsible for sharing out this ad and therefore my stumbling upon it.

A huge thank you to our sponsor for the show, Hexa Wallet! Bringing an excellent mobile wallet packed with features to the everyday user. Check them out at Hexawallet.io or on Twitter at twitter.com/hexawallet

And if you aren't auto-stacking sats yet then you HAVE to get started! We are entering into a serious bull run and the only and best way to save in Bitcoin is to stack every single day, week, month etc that you can to eliminate all the noise and grow your savings reliably and automatically. Get $10 free at Swanbitcoin.com/guy Learn more about your ad choices. Visit megaphone.fm/adchoices

"The logical construct behind the dissection of today’s evils is actually very simple: money is broken; fix the money, fix the world." - Thibaud Marechal

The systemic imbalances of our monetary system are far deeper than most realize. It is the very foundation of our consumerist culture, its the course of our bloated, corrupt financial industry, it props up the impossible size of the advertising giants and surveillance capitalism, it creates a monetary premium on goods that should be valued by their productive capacity or actual use, & it betrays the very people who need money most to be a stable, wealth preserving tool. Fix the Money; Fix the world. Another brilliant article at BitcoinMagazine.com and by returning author Thibaud Marechal on the poisonous consequences of a broken money system.

Check out the original below as well as his many other excellent pieces available to read: https://bitcoinmagazine.com/articles/when-bitcoin-melts-the-system-prosperity-steps-in

A huge thank you to our sponsor for the show, Hexa Wallet! Bringing an excellent mobile wallet packed with features to the everyday user. Check them out at Hexawallet.io or on Twitter at twitter.com/hexawallet

A thanks to the LTBNetwork for sharing out this show to their amazing audience and bringing so much quality content to the Bitcoin space! Learn more about your ad choices. Visit megaphone.fm/adchoices

"If any of these forks had meaningfully gained ground relative to Bitcoin, the critics would have had a point. What’s the point of a monetary network which is undergoing a constant state of fragmentation?" - Nic Carter

Another great article from Nic and this one is right in line with the second episode of Shitcoin Insider, also now available for a deep dive into the sad state of Bitcoin forks! They said it would dilute Bitcoin, they claimed it would prove Bitcoin was, in fact, not scarce, but as infinite as any digital database that can be replicated over and over again. But what came of the forks? Did they really dilute the value and core attributes of the Bitocin network? Nic lays it all out in another excellent article at Coindesk.com. Don't miss it!

Check out the original to find Nic's other works and numerous great graphics and charts to illustrate his argument: https://www.coindesk.com/bitcoin-trounces-bch-bsv-fork-wannabes

The mempool is nearly empty again! Now is the perfect time to explore a new wallet, find the best software to hold your own keys, and begin experimenting with Lightning! Start with an excellent mobile wallet with built in batching to save yourself a lot of future headache. Hexa Wallet is the only one out there, and has so many great features to explore. Check it out at hexawallet.io Learn more about your ad choices. Visit megaphone.fm/adchoices

"One can use a “brainwallet”. Refugees need to carry nothing with them, all they would need to do is remember a Bitcoin wallet passphrase. Funds, potentially millions of US dollars, can therefore be effectively stored inside of one’s mind." - Bitmex research

What is a bran wallet and what exactly are the risks and benefits of trying to store Bitcoin in your mind? Is it so simple as generating a key from your favorite quote? Or could this just be a recipe for disaster? In a time where it is more important than ever to hold your own keys and prepare yourself for the raging bull, Bitmex Research brings us a timely article about the security and concerns of storing Bitcoin in your brain?

Check out the phenomenal amount of research at the Bitmex blog: https://blog.bitmex.com/call-me-ishmael/

Don't forget to check out the awesome wallet by our sponsor Hexa Wallet! So many great features available to hold your own keys and protect yourself from loss in the case of disaster. Find them at Hexawallet.io Learn more about your ad choices. Visit megaphone.fm/adchoices

“Lightning Labs is positioning this release as a step toward an ecosystem of Lightning-based financial products, which it called “LiFi.” - Peter Chawaga A new ecosystem has just begun. With Bitcoin native financial markets, Lightning Labs has released the beginning of an entirely new structure of Bitcoin finance with Lightning Pool Marketplace. An open, global, noncustodial auction for liquidity on the lightning network, and a novel way to execute contracts off-chain. This is the beginning of something big. Don’t miss this excellent article from Bitcoin Magazine and author Peter Chawaga. The future of lightning is coming into focus. Check out the original at Bitcoin Magazine, and follow Peter Chawaga at the links below: https://bitcoinmagazine.com/lightning-network https://twitter.com/PeterChawaga

Much love to our sponsor, Hexa Wallet for supporting Bitcoin Audible and bringing the best in Bitcoin to audio for all those who don’t have the time to read it. Check them out at Hexawallet.io Learn more about your ad choices. Visit megaphone.fm/adchoices

"When governments play God, civilizations burn in Hell." - Robert Breedlove

The 3 pillars of free markets all hinge on fair, honest, reliable money. Without it, monumental errors within the markets are unable to be corrected. By enforcing reliable, incorruptible rule of law, undeniable private property, through a system of verifiable sound money... Bitcoin is the capstone of free market innovation. Don't miss this incredible piece by Breedlove.

Check out the original article here and drop some massive applause: https://breedlove22.medium.com/our-most-brilliant-idea-aced329f8941

If you want to support Breedlove's work, check out the many links below: • Subscribe to my YouTube Channel: bit.ly/321Lzm0 • Follow me on Twitter: https://twitter.com/Breedlove22 • Stack sats with me, get $10 in free Bitcoin through this link: https://www.swanbitcoin.com/breedlove • Journey with me as I write my first book: https://bit.ly/3aWITZ • If you enjoyed this, please send sats: https://tippin.me/@Breedlove22 • Or, send sats via Lightning Network with Strike: https://strike.me/breedlove22

And Don't forget to check out our awesome sponsor, Hexa Wallet! A non-custodial, mobile wallet packed with great features. Check them out at the link below: hexawallet.io Learn more about your ad choices. Visit megaphone.fm/adchoices

"I believe Bitcoiners have this in common. They recognize that they have undertaken a near-hopeless task. Creating a global, neutral, apolitical settlement medium and standard of value will not happen overnight. We have barely begun the project." - Nic Carter

Bitcoin represents a hope for a better future, and the longest time horizon in building a sustainable solution for the generations to come after us. Like the cathedrals that took centuries to build, those who labored placed bricks into the structure and toiled their lives knowing they they may never see the completion of their project, but that they were building something far bigger than themselves, that would last for centuries to come. Another brilliant piece from Nic Carter, Bitcoin at 12 years.

Hit the original below and drop some incredible applause on the article: https://medium.com/@nic__carter/bitcoin-at-12-f6fce39cb9bb

Kudos to Hexa Wallet for the amazing update & as always a major thanks for supporting the show! Check out their amazing mobile wallet packed with features at Hexawallet.io Learn more about your ad choices. Visit megaphone.fm/adchoices

We may have just seen the beginnings of central banks entering the Bitcoin game theory. The game is about to get real.

Bitcoin has suddenly broken onto the political stage with the announcement that the Iranian Central Bank is officially purchasing Bitcoin from its licensed miners in order to use it to increase imports and get around the destructive US sanctions. Don't miss this Guy's take where we dig into this major development and exactly what it could mean.

Now is the time to hold your own keys! Get a hardware wallet, look into multisig, and get yourself a non-custodial mobile wallet. Our sponsor has a great one to check out, that's Hexa Wallet! A huge thanks to them for supporting Bitcoin Audible and keeping this show bringing the best in Bitcoin to your ears. Check them out at Hexawallet.io

Links to a few articles discussing this development: https://elexonic.com/2020/10/30/bitcoin-miners-in-iran-have-a-new-buyer-the-central-bank/ https://www.trustnodes.com/2020/10/29/iran-changes-law-to-use-bitcoin-for-imports Learn more about your ad choices. Visit megaphone.fm/adchoices

"Individuals can opt-out of their local currency by joining the Bitcoin life raft. Protect purchasing power, rather than go down with the sinking ship that is their state." - Brandon Quittem

A fascinating journey through the concept of the Fourth Turning and analysis of the incredible times we live in. More will change in the next decade than in the previous 8 combined. We are entering a time where our old institutions are torn down and built anew. Do we devolve into collectivism and totalitarian rule? Or can we find a way to protect and fan the flames of individual liberty and sustain a prosperous future for the next generation. Listen to this excellent piece to find out!

Follow Brandon on Twitter if you haven't yet! And check out his page, the many great graphics on the article, & all the other great writing available on his site: https://www.brandonquittem.com/

Thanks Hexa Wallet for supporting the Audible of the Bitcoin space! Making all the best in Bitcoin accessible to everyone! https://twitter.com/HexaWallet Learn more about your ad choices. Visit megaphone.fm/adchoices

"If your local energy cost is effectively zero but you cannot sell your energy anywhere, the existence of a global buyer for energy is a godsend." - Nic Carter

What do all the "boiling oceans" alarmist miss about the nature & incentives of Bitcoin's energy consumption? Can we determine anything meaningful about Bitcoin's energy use by looking at the state of mining today, and the trends leading us into the future? Today we read a great piece from CoinDesk by the many times Bitcoin Audible author Nic Carter, on the fallacies of the general thinking, why Bitcoin gets picked on, & the simple thing the complainers could do to solve it.

Nic Carter's "The Last Word on Bitcoin's Energy Consumption": https://www.coindesk.com/the-last-word-on-bitcoins-energy-consumption?amp=1

If you would like to support the show & be a part of the anointed Satoshi's Audionauts, become a patron at Patreon.com/thecryptoconomy! This show wouldn't be possible without all the incredible supporters of my work, and I cannot thank you guys enough!

And a thanks to Hexa Wallet for a great, non-custodial, seedless, multi-factor and multi-account mobile wallet that's great for a whole range of users, experienced and new to the space! Check them out at Hexawallet.io Learn more about your ad choices. Visit megaphone.fm/adchoices

"money printing only “works” if the majority of people don’t even realize that it is steadily devaluing their earnings and savings. People must be deceived into believing a false ideology about this practice, but that can only work for so long; as we’ve seen throughout history, bad money doesn’t last forever." - Nik Hoffman

What determines a good money and a bad money, and what exactly does it mean for a money to have value? A brief journey through the concepts that define a money, and the history that informs how and why money becomes a tool for lies and deception to the ultimate detriment of society. Are we doomed to forever repeat the past, or can Bitcoin solve this problem and close the book on monetary manipulation? Find out in today's Bitcoin Magazine article from author Nik Hoffman.

Check out the original at the link below to explore his other works, his monthly roundups, and of course follow Nik on Twitter: https://bitcoinmagazine.com/articles/lies-deception-and-unnatural-money

Thanks to Hexa wallet for supporting Bitcoin Audible. If you want an great, noncustodial wallet to hold your on keys, don't forget to check them out at hexawallet.io Learn more about your ad choices. Visit megaphone.fm/adchoices

"It had a big impact on May, who melded the "Other Plane" with "Galt's Gulch" from Ayn Rand's Atlas Shrugged, which was a safe haven for rational and productive people protected from government coercion and taxation by an invisible shield. Instead of the Colorado mountains, May's cyberspace Galt's Gulch would exist on the internet, with cryptography providing protective cover." - Jim Epstein

The argument between the "blockchain technology" and the "Bitcoin anarchists" happens to be a lot older than most know. Whether this is a technology that's outside the system, built to replace it, or one that is supposed to work within the system to make it faster and cheaper, can be traced all the way back to a debate between Eric Salin and crypto-anarchist Timothy C. May. What can the origins of the cypherpunk movement tell us about teh direction of Bitcoin today? Hear this amazing piece from Jim Epstein at Reason Magazine to find out!

Other great pieces to accompany this read: The Truth About Smart Contracts by Jimmy Song https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_092---The-Truth-About-Smart-Contracts-e2ndrq Bit Gold by Nick Szabo https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_275---Bit-Gold-Nick-Szabo-e4o0vp Securing Property with Owner Authority by Nick Szabo https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_118---Securing-Property-with-Owner-Authority-e2ndqs The Crypto Anarchist Manifesto by Tim May https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_300-----The-Crypto-Anarchist-Manifesto-Timothy-C--May-e5p7j4

For a great and feature rich mobile, non-custodial Bitcoin wallet, our awesome supporter of Bitcoin Audible HexaWallet is where its at! Now in beta, you can get the wallet on the app store or at the link below. Fell free to ask any questions and feedback is hugely appreciated. hexawallet.io Learn more about your ad choices. Visit megaphone.fm/adchoices

Bitcoin and the cryptographic systems that empower it, are not merely another new tech to make use of. They are a fundamental shift in the ability to defend value from organized violence. The impact on the world will be impossible to measure. We go deep down the rabbit hole in this excellent chat with Erik Cason, author of the cryptosovereignty.org blog.

Follow Erik on twitter, and check out his amazing pieces we've read on the podcast below: https://twitter.com/Erikcason The Political Theology of Bitcoin: https://anchor.fm/thecryptoconomy/episodes/Read_398---The-Political-Theology-of-Bitcoin-Erik-Cason-eemvs1 Crypto, Truth, & Power: https://anchor.fm/thecryptoconomy/episodes/Read_448---Crypto--Truth--Power-Erik-Cason-ekv73s

And don't forget to add me as a contact in your Hexa Wallet! Shoot me a DM on twitter or an email and I'll be happy to add you 👏🏻 A huge thank you to Hexa for supporting the podcast: Hexawallet.io Learn more about your ad choices. Visit megaphone.fm/adchoices

"When compared to gold, real estate, stocks, bonds or "fine art" that act as stores of value for many individuals, bitcoin that is held in a multisig wallet is an obvious step-function improvement in many regards." - Marty Bent

Reading another short Bent from Marty on multisig and how its fundamentally a powerful tool for Bitcoin that isn't shared with any physical store of value. Guy gets into the concept of "deep" vs "shallow" protection in his take following the piece and how Bitcoin represents an order of magnitude improvement over the security & preservation of value. We should remember to tout multisig with more enthusiasm, its not "just another feature."

Check out the original and subscribe to Marty's Bent at the link below: https://tftc.io/martys-bent/issue-848/

The tweet that inspired it all: https://twitter.com/AdamTzag/status/1318244929592807425

For a multisig savings, don't forget to check out HexaWallet and their Savings account, multi-key setup, and clever key splitting backup system. Check out the beta wallet and feel free to ask any questions & add me as a contact! hexawallet.io Learn more about your ad choices. Visit megaphone.fm/adchoices

Breez wallet makes some major announcements today with their first release candidate of the wallet into the wild. Bringing the dream of a fully non-custodial, user-friendly, super easy to use Lightning wallet for anyone coming into Bitcoin. So many new features to go over in this one and talking about the future of lightning and how we can close the UX hurdle. This is not to be missed. Follow Roy Sheinfeld and Breez on Twitter so you dont miss future announcements!

Check out the official announcement here, and of course download and start playing with the Breez Lightning wallet if you haven't yet! https://medium.com/breez-technology/the-breez-release-candidate-getting-lightning-ready-for-the-global-takeover-b5d1f9756229 (for those who wanted to get the details on closing and reopening your channels - https://github.com/breez/breezmobile/wiki/How-to-close-Breez's-channels%3F)

Learn more about the Hodl HTLCs discussed in the commentary at the link below: https://github.com/lightningnetwork/lnd/pull/4018

And don't forget to add me as a contact in your Hexa Wallet! Shoot me a DM on twitter or an email and I'll be happy to add you 👏🏻 A huge thank you to Hexa for supporting the podcast: Hexawallet.io Learn more about your ad choices. Visit megaphone.fm/adchoices

A major step toward the next era of Bitcoin was made today. The code is final, and it is now in the Bitcoin codebase as of today. The next steps are an activation method, and a full client release for the network to begin the process of adding it to the global consensus.

But before that happens, let's talk about where we are today, what advantages Taproot can give us again, & what the future of Bitcoin, privacy, & Lightning are with this new tool at our disposal. Today's Guy's Take is all about Taproot, so let's get into it!

Want to check it out on Github and be a nerd? https://github.com/bitcoin/bitcoin/pull/19953

For a deeper dive into Taproot check out Aaron Van Wirdum's piece digging into it on Bitcoin Magazine: Taproot is Coming: https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_318---Taproot-is-Coming-Aaron-van-Wirdum-e8um0c

Much love to our many patrons making this show possible! If you want to join in with the crew, go to Patreon.com/thecryptoconomy and become a patron!

And another thank you to our sponsor, Hexa Wallet for keeping this show alaive, and for building one of the best mobile wallets out there. With tons of features to come, check it out at HexaWallet.io --- Send in a voice message: https://anchor.fm/thecryptoconomy/message Learn more about your ad choices. Visit megaphone.fm/adchoices

"Value is a strange concept because while it is arguably very real, it is entirely subjective, and because of this there is no yardstick or kilogram to measure it against." - Knut Svanholm

Another from the amazing collection over at Citadel21.com, we dive even deeper down the rabbit hole with Knut's piece. What does it even mean to measure value with Bitcoin as our totem? What happens to prices in a perfectly finite monetary good? What would a future where the growth and productivity of the economy were captured by the money, rather than stolen by our money masters?

The world is going to be a very different place in a Bitcoin future. The right questions can help us see it, and it's something that we cannot unsee. So lets dig into Knut's work, "Deeper Down the Rabbit Hole" https://www.citadel21.com/deeper-down-the-rabbit-hole

Check out the Hexa Wallet donation account at GuySwann.com/donate, and download the Hexa mobile wallet on the Google Play or Apple App store to start exploring the many awesome features. A huge thanks to them for supporting the podcast! hexawallet.io Learn more about your ad choices. Visit megaphone.fm/adchoices

As the dominoes continue to fall, we chat with the owner of the amazing Tahini's restaurant on their journey to a Bitcoin Standard. Why Bitcoin? What led them to such a decision? How do they see the future risks and rewards going forward? What events of the past allowed them to see the true potential of this revolutionary new monetary system? All this and more in today's phenomenal chat with the man behind @TheRealTahinis

Follow them on twitter at the link below and if you are in the area, what the hell are you eating shite food for!? Go to Tahini's, get some real food, and talk about Bitcoin. 😂 https://twitter.com/TheRealTahinis

Love to all of our amazing supporters, the patrons who always keep this show going, and our awesome sponsor @Hexawallet! Follow them on Twitter and check out their awesome mobile wallet with tons of great features. Find my Hexa Donation Account at GuySwann.com/Donate or setup your own right in the wallet in barely a few seconds! Check them out on the app store or at the link below: hexawallet.io Learn more about your ad choices. Visit megaphone.fm/adchoices

“I believe that Satoshi Nakamoto, Whoever he/she/it/them is/was, was first and foremost a strategist of the cypherpunk traditions. This is extremely important because we need to understand the motivational ideology was not one of any sort of state capitalist nature, or idiotic wealth fantasies of lambos and other childish bullshit, but an explicit crypto-anarchist one.” - Erik Cason Cryptography was, before anything else, a weapon of war. How can this perspective inform the type of revolution Bitcoin truly enables? As a re-codification of the relations of power between the state and the individual, what does a system like Bitcoin do to the world? When authority is replaced by truth, as the source of legitimacy, nothing in the world will remain unchanged. The original article by Erik Cason and the fascinating blog where he covers tons of other topics just like this: http://cryptosovereignty.org/crypto-truth-power/ https://twitter.com/Erikcason Cypherpunks Write Code (part 1): https://www.youtube.com/watch?v=YWh6Yzr12iQ&t=0s

Check out Hexa Wallet's new feature, the "Donation Account" with a web front end to share with others! Check out what it looks like at GuySwann.com/donate and of course feel free to donate if you want to support the show. But setup your own to take donations for your project/content/mission or whatever! Get the wallet at HexaWallet.io Learn more about your ad choices. Visit megaphone.fm/adchoices

There's been a bit of Bad News. The canary doesn't seem to be moving, and its time that we take our situation seriously. As Bitcoin becomes both more mature and finds its way back into a bull market, we can also expect a sharp increase in regulatory and governmental attention. The powers that be, the surveillance state, and the control that the financial institutions have acquired will not be lost without a fight.

Bitcoin is disrupting some of the most influential institutions on the planet. They are unlikely to sit by while we divest from their control & take back our sovereignty and privacy. Today's Guy's Take is inspired by Marty's Bent #839 and recent developments in the regulatory & legal worlds around the treatment of Bitcoin. It could be very important to not miss this one.

Read Marty's Bent below, as well as the ocean of clever, funny, insightful, & cosmic thoughts that Marty drops every day: https://tftc.io/martys-bent/issue-839/

Check out Pseu's Conversation with Ben Carman on privacy and his favorite mobile wallet mentioned in the show: https://open.spotify.com/episode/6duVzPWqeMorpuBhXdkWPW?si=GW-jL260Sru2lxUaiGQpCA

Dig into the details of the Travel Rule yourself starting with the link below: https://www.fincen.gov/resources/statutes-regulations/guidance/funds-travel-regulations-questions-answers

And definitely follow NoBullshitBitcoin for a Bitcoin feed with only solid news, development, and new tools and no BS! https://twitter.com/nobsbitcoin

Thanks to everyone who supports the podcast and of course the awesome team over at Hexa Wallet! Don't forget to download Hexa either from your favorite App Store or by visiting their site below: Hexawallet.io

And for an awesome resource I have used for years, to learn everything about the history, the logic, the principles, & the Austrian economics that you can't learn in public school, check out Liberty Classroom from Tom Wood's! An excellent resource that I can't recommend enough. https://libertyclassroom.com/dap/a/?a=32379 Learn more about your ad choices. Visit megaphone.fm/adchoices

"So the next time somebody says that “shitcoin X” is faster than Bitcoin or claims that Bitcoin is slow, show them the criteria that truly count in a decentralized network." - Vlad Costea

Did you hear that any 1 of 1000s of altcoins was "way faster" than Bitcoin? Have you ever wondered what that means or what exactly they are faster at? Vlad breaks it all down. How shitcoins aren't fast, even close to as fast actually as Bitcoin. Bitcoin isn't slow, its highly secure!

Check out the original post at Bitcoin-Takeover.com and check out Vlad's Bitcoin Takeover podcast for many other great takes like this: https://bitcoin-takeover.com/bitcoin-is-not-slow-its-highly-secure/

Much love to Hexa Wallet for supporting the show as well as my lovely patrons! Hexawallet.io Learn more about your ad choices. Visit megaphone.fm/adchoices

"Battles in the money market aren’t about incremental technology features, but fundamental monetary properties. Bitcoin is a pragmatic monetary evolution, which contrasts with shitcoin issuers misrepresenting a delusional technology revolution." - Thibaud Marechal

Another great piece on the incentives and misunderstanding of the shitcoin mindset. It isn't a technological revolution, it is fundamentally a monetary one! Thibaud breaks it down amazingly in this piece and Guy gets into some history of the shitcoin term and how so many projects have the entirely wrong understanding of the value in this revolution. Don't miss another excellent one from Bitcoin Magazine Original Article: https://bitcoinmagazine.com/articles/the-great-plague-of-shitcoinery

A huge thanks as always to Hexa Wallet! Don't forget to shoot me a message if you want to add me as a contact or use me as a part of your backup. Happy to assist! Check them out at Hexawallet.io

Some of the great articles mentioned in this episode to expand on these ideas: Bitcoin is Worse is Better - https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_327---Bitcoin-is-Worse-is-Better-gwern-e9e9iv Bitcoin & Software Reliability - https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_254---Bitcoin--Software-Reliability-beautyon_-e46lnu On Schelling Points, Network Effects, & Lindy - https://anchor.fm/thecryptoconomy/episodes/Read_417---On-Schelling-Points--Network-Effects---Lindy-Willem-Van-Den-Bergh-eghjp4

And dont forget to check out our new show all about Shitcoinery! Shitcoin Insider is where we dig through all the crap so that you don't have to! XD Learn more about your ad choices. Visit megaphone.fm/adchoices

What are rights and can Bitcoin enable us to make better sense of them?

It is very common to hear that education is a "right," that healthcare, a fair salary, etc are all "rights" that we can demand of others and are entitled to. Can this be the case? How do they conflict with the more basic rights of the control over our own lives, our right to choose, and the rights to our bodies? Can we simply declare that the things we want or need are rights and this means we can have as much of it as we would like?

We get into all of it in today's Guy' Take on human rights and how Bitcoin provides an excellent test case for why universal rights are necessary for both a communications and political network to succeed.

A great piece mentioned on the show to dig further into these ideas: https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_225---Bitcoin--the-Promise-of-Independent-Property-Rights-Hasu--Su-Zhu-e3j6b8 Learn more about your ad choices. Visit megaphone.fm/adchoices

Were you ever just deathly curious about what Defi really is? What is going on behind the scenes of the token wrapped token printing yield machines? Or what the mindset of the shitcoiner really is, and what they think they are building? Don't miss the flagship episode of our new show SHITCOIN INSIDER!

Don't forget to subscribe to Shitcoin Insider if you want more and let me know on Twitter is you enjoyed it and want us to dig further.

And to support my work and learn all about the history and economics that you couldn't learn in school, check out the amazing Liberty Classroom! Find it at GuySwann.com/liberty Learn more about your ad choices. Visit megaphone.fm/adchoices

Are we on the verge of a new revolution in personal computing? Matt Hill and the team at Start9Labs believes we are, and are helping to build our path through it to a brighter future. How do we re-decentralize the internet? By what means can we break the censored, centralized, surveilled "cloud" into a thousand encrypted, distributed, and private pieces? That is the mission at the heart of Start9Labs. Don't miss this awesome discussion to learn more.

If you want to explore what Matt and the team are building, go to Start9Labs.com and/or follow them on Twitter to stay up to date on the project https://twitter.com/start9labs https://start9labs.com/

Don't forget about the discount code "BitcoinAudible" for the 7th Annual Hackers Congress! Visit https://digital-totality.hcpp.cz/ to learn all about the awesome speakers and fascinating workshops and topics covered for a full weekend at the true cypherpunk conference.

A huge thank you to our supporters! Our patrons for being awesome and keeping this project alive, and of course HexaWallet for supporting the show and helping to build excellent tools for our Bitcoin future. Don't forget to check out the Hexa wallet on the App store or find out more at HexaWallet.io Learn more about your ad choices. Visit megaphone.fm/adchoices

"Contrary to what the critics would have you believe with all of their scary language about fraud and risk, when I send an on-chain Bitcoin transaction to you, it will get to you, no matter what. There is no point of censorship, seizure, or control." - Alex Gladstein

A great throw back from Alex Gladstein where he makes a response to the old and tired criticisms of Bitcoin. Is it stupid to think we would want to hold our own passwords to our money, or it is a revolutionary new tool in the global quest for human rights and individual freedom? A great response for the next time you come across and ignorant critic, who needs a dose of truth.

Check out the original below! Drop some applause and see his other articles on Medium: https://medium.com/@alexgladstein/a-human-rights-activists-response-to-bitcoin-critics-d50e6760ee80

You can always his the book he helped author all about Bitcoin and the impact it could have on the world, available in paperback and in audiobook read by yours truly at the link below: https://www.amazon.com/Little-Bitcoin-Book-Matters-Finances/dp/1641990503/ref=sr_1_3?dchild=1&keywords=little+Bitcoin+book&qid=1601337759&sr=8-3

And of course a huge thanks to Hexa for supporting the podcast, and our wonderful patrons! Check out Hexa below: Hexawallet.io Learn more about your ad choices. Visit megaphone.fm/adchoices

The Little Bitcoin Book: Why Bitcoin Matters for Your Freedom, Finances, and Future

"I am talking about the inability to confront shortcomings with layers of the system. The inability to confront substantial threats or attack surfaces that are not being worked on in terms of creating solutions and defenses." - Shinobi

Being bullish is tons of fun, and getting cosmic about the impact & world shattering implications of Bitcoin is even more so... but sometimes we need to take a sober step back, and remember that this is just code at the end of the day. It is a network, with trade offs, limitations, and many problems to overcome. A great piece from Shinobi (@brian_trollz) taking a hard look at Lightning, mining, and Bitcoin's censorship resistance as it stands today, and reminding us to stay focused on the problems, not get lost in our dreams of the future.

Check out the original and drop some applause at the link below: https://medium.com/block-digest-mempool/things-bitcoiners-dont-want-to-hear-33823c2e984

A huge thank you to my Patrons, and of course Hexa Wallet for supporting the podcast! This is only possible with your support, and it is massively appreciated. Don't forget to download and check out Hexa if you haven't yet. A Bitcoin-only, non-custodial, seedless, mobile wallet with tons of cool features. Find them at Hexawallet.io or on Twitter at @HexaWallet Learn more about your ad choices. Visit megaphone.fm/adchoices

“Some concepts are essential, removing them because you want a better UX might turn out to be fatal.” - Gigi En excellent piece from SwanBitcoin blog today by the one and only Gigi. Thoughts on the trade-offs, the previous leaps that have been made, and the distance still to go on the problem of Bitcoin’s user experience. Plus, Guy talks about what it was like using Bitcoin in the “good ol’ days” before seed phrases and deterministic wallets. Check out the crazy images of the early internet and links to check out more in the original article below: https://www.swanbitcoin.com/on-bitcoins-ux Don’t forget to follow Gigi on social media for more awesome work: https://twitter.com/dergigi Check out today’s sponsor! Download the Hexa Wallet at the link below or on the Google or Apple App stores. Hexawallet.io Other great tools mentioned in this episode to check out for the tinkerers out there! Hexa Wallet Casa Multisig wallet Green Wallet Strike Breez Lightning Pheonix Lightning Caravan Multisig by Unchained Lily Wallet Umbrel Lunanode Cobo Vault Foundation Passport Learn more about your ad choices. Visit megaphone.fm/adchoices

"DLCs are uniquely positioned to bring smart contracting to Bitcoin using oracle contracts that are much more private and scalable than previously thought possible." - Ben Carman

Ben Carman, a developer with the awesome team at SuredBits, drops a BitcoinMagazine article today laying out Discreet Log Contracts and how they can be an exciting new addition to the functionality and power of the Bitcoin system. Privacy, cost savings, and non participating oracles to real world events; DLCs bring a new layer to both decentralizing markets on Bitcoin & the Lightning network. Listen to today's episode to find out more!

Check out the SuredBits blog for tons of awesome work about DLCs and so many other great technologies being built on Bitcoin: https://suredbits.com/category/discreet-log-contracts/

Find the original article and tons of other great works at BitcoinMagazine below. Stay up on new events and learn tons about Bitcoin! https://bitcoinmagazine.com/articles/dlcs-are-on-bitcoin-bringing-new-functionality-and-major-potential

A thanks to today's sponsor Hexa Wallet and the killer wallet they are building! Seedless backups, built in batching, multisig savings, & more! Hit me up if you want to be one of my contacts! http://hexawallet.io/

Lastly a big thanks to the LTBNetwork for sharing this out with their amazing audience! Check out the other awesome shows at LetsTalkBitcoin.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Today we bring on Michael Saylor, CEO of MicroStrategy after they have announced a $425 million investment into Bitcoin. With a move to making Bitcoin their dominant treasury reserve asset, we talk all about fundamental shifts in technology, the innovation of Bitcoin as a monetary asset, the dematerialization of money, and the impact it will have on the future.

Don't forget to follow Michael on social media and check out his excellent book "The Mobile Wave" for some interesting thoughts on past technological shifts: https://twitter.com/michael_saylor https://www.amazon.com/Mobile-Wave-Intelligence-Change-Everything/dp/1593157207/ref=sr_1_1?dchild=1&keywords=the+mobile+wave&qid=1600459046&sr=8-1

Check out our sponsor for today's show and their awesome, new, feature-rich Bitcoin wallet Website: Hexawallet.io App Store: https://apps.apple.com/us/app/hexa-simple-bitcoin-wallet/id1490205837 Google Play: https://play.google.com/store/apps/details?id=io.hexawallet.hexa Learn more about your ad choices. Visit megaphone.fm/adchoices

The Mobile Wave: How Mobile Intelligence Will Change Everything

"Instead of relying on accountants, regulators, and the government, Bitcoin relies on a global network of peers to enforce rules, shifting enforcement from manual, local, and inconsistent to automated, global, and predictable." - Yassine Elmandjra

Finishing out the great investment thesis on Bitcoin by Yassine from ARKinvest. Now the we have broken down the 4 critical economic assurances for prosperity and how the trust-based model has failed to deliver them... how does Bitcoin compare as a financial institution? Does it truly provide these assurances in a unique way, and how strong are they?

Today's read is the second half of Bitcoin: A Novel Economic Institution: Link to the full paper - https://ark-invest.com/white-papers/bitcoin-part-one/

Get a head start on Part 2 by going to the ARKinvest site below: https://ark-invest.com/white-papers/

Another great piece by Yassine covered on the show, Winner Takes All, or Winner Takes Most? - https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_204---Winner-Takes-All--or-Winner-Takes-Most--Misir-Mahmudov--Yassine-Elmandjra-e30vht Learn more about your ad choices. Visit megaphone.fm/adchoices

"If one transaction can be censored and controlled, can’t all transactions be censored and controlled? Can’t the powers-that-be deprive participants of the ability to exchange value globally and freely?" - Yassine Elmandjra

Starting into the first half of a great investment thesis on Bitcoin by Yassine from ARKinvest. Digging into the core economic assurances of the financial system and how the legacy, trust based model of financial authority has failed in providing them. Where have they broken down, and what has fundamentally caused it? And how does it compare to the unique economic tool of Bitcoin?

Today's read, Bitcoin: A Novel Economic Institution [Part 1] Link to the full paper - https://ark-invest.com/white-papers/bitcoin-part-one/

Another great piece by Yassine covered on the show, Winner Takes All, or Winner Takes Most? - https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_204---Winner-Takes-All--or-Winner-Takes-Most--Misir-Mahmudov--Yassine-Elmandjra-e30vht And Hasu's excellent piece, Promise of Independent Property Rights - https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_225---Bitcoin--the-Promise-of-Independent-Property-Rights-Hasu--Su-Zhu-e3j6b8 Learn more about your ad choices. Visit megaphone.fm/adchoices

"Most Cypherpunk veterans on the Cryptography mailing list had by then seen one too many electronic cash experiments come and go, without any real successes to account for..."

"But Hal Finney, ever the optimist, wasn’t ready to give up." - Aaron Van Wirdum

Another in the amazing "Genesis Files" series from Bitcoin Magazine, Aaron walks us through the history and the legacy of Hal Finney. From the introduction to the cypherpunks list, to the implementation of RPOW, all the way to Hal "running Bitcoin." Another excellent installment. If you want to learn more about the history of the cypherpunks and the forefathers of the Bitcoin system, the Genesis files is not to be missed.

Link to the original, with the other installments linked below: https://bitcoinmagazine.com/articles/the-genesis-files-how-hal-finneys-quest-for-digital-cash-led-to-rpow-and-more

A huge thanks to Bitcoin Magazine and the Let's Talk Bitcoin Network! Learn more about your ad choices. Visit megaphone.fm/adchoices

In a world drowning in patent trolls, insane intellectual property restrictions, and a reality where someone who neither can build a product, nor came up with the idea, could make millions by suing those who wish to use it... how can we protect an open source ethos in the Bitcoin and cryptocurrency space? How do we defend an alternative financial system from the intellectual prisons of the legacy system it is replacing?

Another major initiative is bringing us one step closer to that future thanks to Square, the owner of Cash App. Behind major donations to developers, even those who are anonymous, a new move to protect individual developers, projects, and even major companies from the turbulent environment of patent aggressors has been launched. We dig into COPA and the need for continuing the open source ethos of Bitcoin in today's Guy's Take episode!

What are the morality & ethics of Intellectual Property? Check out my recent conversation with the one and only Stephan Kinsella: https://anchor.fm/thecryptoconomy/episodes/Chat-46---Stephan-Kinsella-on-Intellectual-Property-in-the-age-of-Bitcoin-ej9fto

An old, but great article from Bitcoin Magazine about previous troubles in the patent arena & Blockstream's previous work in defending the market: https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_020---There-is-a-Bitcoin-Patent-War-Going-On-e2ndu8

And of course learn about or join the "Crypto Open Patent Alliance" if you are building a project or want to know more at the link below: open-patent.org Learn more about your ad choices. Visit megaphone.fm/adchoices

"This explanation rests on illustrating a few interesting properties of how Proof-of-Work is used in the blockchain that are not immediately obvious and sometimes are rather counter-intuitive, for example how participants collectively solve a problem without ever communicating." - grisha

While we incessantly focus on the side-effects of the proof-of-work system in Bitcoin, the security it attributes to the Bitcoin history, the incentive structure it enables, etc, we can often forget the reason Satoshi himself stated for its use: to enable a distributed timestamp server. i.e. a decentralized clock.

An epic piece from @humblehack posted back in January 2018 on his blog at grisha.org. Check out the original and many other works at the link below: https://grisha.org/blog/2018/01/23/explaining-proof-of-work/ Learn more about your ad choices. Visit megaphone.fm/adchoices

"The project was initially understood as yet another doomed attempt to construct a digital currency by the disillusioned cypherpunk community. And without anyone’s permission, Bitcoin slowly emerged and diligently grew to become adopted by a small group of computer researchers, cryptographers and engineers curious to decipher the technology." - Thibaud Marechal

Another great article at Bitcoin Magazine on the history of the internet, and how Bitcoin finally fulfills the ultimate vision of a monetary protocol native to the world wide web. After decades of failed attempts, we finally have an independent, decentralized, native language for communicating, verifying, and exchanging value in cyberspace. A new world is born.

The original article and a bunch of other great piece can be found at Bitcoin Magazine below: https://bitcoinmagazine.com/articles/a-monetary-layer-for-the-internet

Links to other episodes and works mentioned in today's show: Guy's Take - The Internet is Too Complex to Work https://anchor.fm/thecryptoconomy/episodes/GuysTake_008---The-Lightning-of-my-TCP--or-How-the-Internet-is-Too-Complex-to-Work-e32omd The Bitcoin Survivor's Book List: https://thecryptoconomy.com/bitcoin-survivors-book-list/

Stack sats automatically in your DCA Bitcoin savings plan at SwanBitcoin.com/Guy and get $10 for FREE to start off!

Much love to the Let's Talk Bitcoin Network for sharing this show out with their audience, and the other excellent shows they produce for the Bitcoin space! Learn more about your ad choices. Visit megaphone.fm/adchoices

Unabridged, Uninterrupted, & unmatched. Parker Lewis's most recent installment of the "Gradually, Then Suddenly" series.

Read the original and check out the data accompanying the piece at the Unchained Capital Blog below: https://unchained-capital.com/blog/bitcoin-is-one-for-all/

Check out the entire Gradually, Then Suddenly playlist on Spotify here: https://open.spotify.com/playlist/4NRn7e8FbNtoCLSigf8GV4?si=RnrAdkrSTmmMrh6rECxrbg

If you would like to sponsor or support this podcast and the work of Guy Swann, contact us at sponsor@thecryptoconomy.com or become a patron at Patreon.com/thecryptoconomy! --- Send in a voice message: https://anchor.fm/thecryptoconomy/message Learn more about your ad choices. Visit megaphone.fm/adchoices

"I was just amazed when Bitcoin emerged, and I'm like 'I think someone finally cracked this and figured it out,' it's ingenious right?" - @NKinsella

Stephan Kinsella joins us today for a fascinating discussion on the morality and concept of property in the digital age. Is it possible to own Bitcoin? Do we legally own it, or are we simply the ones in control via the rules of the Bitcoin system?

Follow Stephan Kinsella for more excellent Austrian knowledge and brilliant takes on social media by his twitter profile (https://twitter.com/NSKinsella) and/or check out some of his other amazing work and appearances at Stephankinsella.com

Check out the extraordinary book that inspired this discussion available for free by the Mises Institute! Against Intellectual Property: https://mises.org/library/against-intellectual-property-0 Learn more about your ad choices. Visit megaphone.fm/adchoices

"Bitcoin’s supply schedule cannot change, because Bitcoin is the supply schedule. Any alteration produces something that is decidedly non-Bitcoin." - Nic Carter

Nic does it again with a great piece on the potential future where inflation is needed to "secure" Bitcoin in the post reward era. Will it still be Bitcoin? Can it be secured? Does it mean a change it baked in already? Find out in this excellent piece from Nic, "Don't Fear the Reaper!"

Drop some hella applause on the original at his medium page below: https://medium.com/@nic__carter/dont-fear-the-reaper-8bbb42358efb

If you want to support the show you can share it out with your friends, subscribe so you don't miss any of these amazing works and conversations, & of course become a Patron at Patreon.com/thecryptoconomy Learn more about your ad choices. Visit megaphone.fm/adchoices

"As we conclude our “Discovering Bitcoin” series, we will build on the use of digital signatures and of the CoinJoin paradigm to explore concepts of unique chronology, mining fees and off-chain transactions." - Giacomo Zucco

The conclusion of the amazing "Discovering Bitcoin" series, starting from cavemen and the very concept of hardness all the way to off-chain payments and the Lightning network! Listen to the entire series for the conceptual history of money, its virtualization, its corruption, its redesign, and the new paradigm we are now entering. A huge thanks to Giacomo for putting this together and to Bitcoin Magazine for having such awesome content to cover!

Check out the previous parts if you haven't yet! Part 1 - About Time: https://anchor.fm/thecryptoconomy/episodes/Read_422---Discovering-Bitcoin---From-Cavemen-to-Lightning--Part-1-Giacomo-Zucco-ehdkrb Part 2 - About People: https://anchor.fm/thecryptoconomy/episodes/Read_424---Discovering-Bitcoin-2---About-People-Giacomo-Zucco-ehgquv Part 3 - Introducing Money: https://anchor.fm/thecryptoconomy/episodes/Read_426---Discovering-Bitcoin-3-Introducing-Money-Giacomo-Zucco-ehphre Part 4 - A Wrong Turn: https://anchor.fm/thecryptoconomy/episodes/Read_428---Discovering-Bitcoin-4---A-Wrong-Turn--A-New-Plan-Giacomo-Zucco-ei2k64 Part 5 - Digital Scarcity: https://anchor.fm/thecryptoconomy/episodes/Read_429---Discovering-Bitcoin-5---Digital-Scarcity-Giacomo-Zucco-ei9ln3 Part 6 - Digital Contracts: https://anchor.fm/thecryptoconomy/episodes/Read_432---Discovering-Bitcoin-6---Digital-Contracts-Giacomo-Zucco-eil37c

Stack sats automatically in your DCA Bitcoin savings plan at SwanBitcoin.com/Guy and get $10 for FREE to start off!

Much love to the Let's Talk Bitcoin Network for sharing this show out with their audience, and the other excellent shows they produce for the Bitcoin space! Learn more about your ad choices. Visit megaphone.fm/adchoices

"The same is not true of the current monetary system. In the current structure, dollars can either be earned by delivering value to others within the economy, or conversely, if the Fed decides to hand out more money. And this happens quite frequently. Of all the dollars that exist today, over 80% have been created and allocated by the Fed since 2008" - Parker Lewis

The conclusion of Bitcoin is One for All, the latest installment of the Gradually, then Suddenly series by Parker Lewis. What is the true price setter in the economy? How is imbalance sustained for so long? What does the alternative look like? And will Bitcoin only benefit the rich, or is it one for all? Don't miss the rest of this amazing piece at Unchained-capital.com

Read the original and check out the data to visualize these effects and arguments at the link below: https://unchained-capital.com/blog/bitcoin-is-one-for-all/

Check out the entire Gradually, Then Suddenly playlist on Spotify here: https://open.spotify.com/playlist/4NRn7e8FbNtoCLSigf8GV4?si=RnrAdkrSTmmMrh6rECxrbg

And don't forget to secure your future with the lowest cost, automatic Bitcoin purchase savings plan at SwanBitcoin.com/guy - Plus get $10 in sats for FREE! Support the show, secure your future, and stack sats at Swanbitcoin.com Learn more about your ad choices. Visit megaphone.fm/adchoices

"By manipulating price levels, the Fed isn’t just preventing smaller intermittent fires from naturally running their course while creating larger fires down the road. Instead, think of the Fed’s actions as the arsonist that lights a fire, leaves through the back door in the middle of the night, and then is celebrated as the hero when it arrives through the front door to fight the fire with gasoline." - Parker Lewis

May the "Gradually, then Suddenly" series never stop!! Another fantastic piece from returning author Parker Lewis and the amazing Unchained Capital Blog. We read the first half of the latest in the series, "Bitcoin is One for All." The nature of prices, the nature of the Fed, the imbalances in the economy, the arsonist starting the fire, and the gasoline that makes the burn hot, fast, and impossible to stop. The very mandate of the Fed is antithetical to the nature of money. Find out why in this excellent new installment.

Read the original and check out the data to visualize these effects and arguments at the link below: https://unchained-capital.com/blog/bitcoin-is-one-for-all/

Check out the entire Gradually, Then Suddenly playlist on Spotify here: https://open.spotify.com/playlist/4NRn7e8FbNtoCLSigf8GV4?si=RnrAdkrSTmmMrh6rECxrbg

And don't forget to secure your future with the lowest cost, automatic Bitcoin purchase savings plan at SwanBitcoin.com/guy - Plus get $10 in sats for FREE! Support the show, secure your future, and stack sats at Swanbitcoin.com Learn more about your ad choices. Visit megaphone.fm/adchoices

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. Learn more about your ad choices. Visit megaphone.fm/adchoices

"In Part 6 of this “Discovering Bitcoin” series, we will build on the idea of using digital puzzles as a way to reproduce scarcity, and on the importance of a supply-control mechanism to grant some hardness to digital money, to explore concepts of proving ownership through signatures and scripts, and the technique known as CoinJoin." - Giacomo Zucco

Find the original article and links to the other great reads in this series at Bitcoin Magazine: https://bitcoinmagazine.com/articles/discovering-bitcoin-part-6-digital-contracts

Stack sats automatically in your DCA Bitcoin savings plan at SwanBitcoin.com/Guy and get $10 for FREE to start off!

Much love to the Let's Talk Bitcoin Network for sharing this show out with their audience, and the other excellent shows they produce for the Bitcoin space! --- Send in a voice message: https://anchor.fm/thecryptoconomy/message Learn more about your ad choices. Visit megaphone.fm/adchoices

"Money is a tool for trading human time. Central banks, the modern-era masters of money, wield this tool as a weapon to steal time and inflict wealth inequality. History shows us that the corruption of monetary systems leads to moral decay, social collapse, and slavery. As the temptation to manipulate money has always proven to be too strong for mankind to resist, the only antidote for this poison is an incorruptible money — Bitcoin." - Robert Breedlove

This is the full, no commentary version of Breedlove's epic piece, "Masters & Slaves of Money." Find the link to his medium page and the original publication below: https://medium.com/@breedlove22/masters-and-slaves-of-money-255ecc93404f Learn more about your ad choices. Visit megaphone.fm/adchoices

"We need to be able to disassociate from our identities to protect ourselves. We need the freedom to selectively reveal ourselves. We need the possibility to rally behind names, symbols, masks, and the ideas they represent — using transient identities and wearing masks ourselves if we have to. If identities are permanent and transparent, rebellion and revolution are impossible." - Gigi

A great piece from the epic blog over at Citadel21.com, by none other than Gigi, author of 21 Lessons. What is importance and impact of pseudonymity? Why should we be vigilant about the preservation of privacy in cyberspace? Find out in today's excellent read, "True Names Not Required"

Read the original and so many other great posts at Citadel21.com

No sponsor for today's show but you can always support the podcast by supporting your future with a Swan Bitcoin savings plan and using swanbitcoin.com/guy to start auto-buying Bitcoin every day, week, or month and stacking sats for your future.

You can always share the show out or drop some tips at Tippin.me/@thecryptoconomy Learn more about your ad choices. Visit megaphone.fm/adchoices

“ignorance or delusion is one of the three causes of our suffering (the other two are attachment and aversion). So when we are deluded about reality, we perpetuate suffering. When we are aware of reality as it is, we avoid suffering." - Reed Wommack

We read a piece today from the Swan Bitcoin blog that explores the very conceptual limits of infinity and how scarcity is integral to the very concept of reality. What doest his mean for our lives, for our happiness, and for the value we create? A Bitcoin Meditation.

Check out the original article and other great work and videos available at the Swan Signal blog: https://www.swanbitcoin.com/accepting-scarcity-a-bitcoin-meditation

For another trip down the concepts of scarcity and time, a fantastic read is Misir Mahmudov's "This Book Will Save You Time" which you can find at the link below: https://www.audible.com/pd/B08B77MR7F/?source_code=AUDFPWS0223189MWT-BK-ACX0-201657&ref=acx_bty_BK_ACX0_201657_rh_us

Stack sats automatically in your DCA Bitcoin savings plan at SwanBitcoin.com/Guy and get $10 for FREE to start off! Learn more about your ad choices. Visit megaphone.fm/adchoices

Continuing the excellent series of Discovering Bitcoin, moving into the digital age, we have lost the most fundamental element of our money, it's "hardness." By what means can we get it back? Can we make a scarce money in the digital world, that has no authority, no ruler? Can we restore the freedom of decentralized money? Find out about the brilliant use of difficult puzzles, to achieve digital hardness, in part #5 of Giacomo's excellent series, "Digital Scarcity."

Find the original article and links to the other great reads in this series at Bitcoin Magazine: https://bitcoinmagazine.com/articles/discovering-bitcoin-part-5-digital-scarcity

Stack sats automatically in your DCA Bitcoin savings plan at SwanBitcoin.com/Guy and get $10 for FREE to start off!

Much love to the Let's Talk Bitcoin Network for sharing this show out with their audience, and the other excellent shows they produce for the Bitcoin space! Learn more about your ad choices. Visit megaphone.fm/adchoices

“We find the global acceptance, brand recognition, ecosystem vitality, network dominance, architectural resilience, technical utility, and community ethos of Bitcoin to be persuasive evidence of its superiority as an asset class for those seeking a long-term store of value." - Michael Saylor

These are the words of the CEO of MicroStrategy, an enterprise analytics firm that has made a huge investment into Bitcoin, not truly as a speculative avenue, not as a small allocation in order to gain exposure to its potential upside, and protect from downside risk, and not as a means to provide a service for the industry or change their business strategy. They have purchased 21,424 bitcoins after an analysis of the global macro environment, the failing faith in the fiat financial system, and in seeking a long term store of value with significant growth potential.

They have looked at their treasury and compared their options, to either hold the mighty US dollar (the current global reserve currency) or Bitcoin (the most secure, independent digital currency) and have decided that the principal holding of their treasury reserves, would be safer in Bitcoin.

The Dominos are beginning to Fall

Check out the Fidelity article mentioned in this episode to dig further: https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_183---Custody-in-the-Age-of-Digital-Assets-Fidelity-Digital-e2ndoi

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"While it was pretty difficult for him to take over the very decentralized process of people exchanging gold nuggets, there are now a few big, public, trusted, vulnerable entities he can easily seize control of." - Giacomo Zucco

Continuing the excellent series of Discovering Bitcoin, this is an awesome set of articles covering thousands of years of monetary history and evolution all the way to The Lightning Network. Today's part is "A Wrong Turn," breaking down the process of innovating money to solve the "scaleness" problem, that ended up putting at huge risk of control and corruption, the "hardness" and "darkness" of our money. Into the age of full virtualization, what could possibly solve this? Do we need a New Plan?

Stack sats automatically in your DCA Bitcoin savings plan at SwanBitcoin.com/Guy and get $10 for FREE to start off!

If you haven't gotten your collectors copy of the Bitcoin Magazine, you can check it out at the store below! https://store.bitcoinmagazine.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices

"The Jevons paradox is a staple of environmental economics used to describe how the introduction of more efficient technologies tends to increase the consumption of resources rather than decrease it." - Alex B.

Will Lightning steal fees from Bitcoin miners and threaten the security of Bitcoin into the future? Or will is be the aggregation layer that enables so many additional and higher value use cases for Bitcoin block space, that it may be the very thing necessary to enable the fee growth needed to sustain Bitcoin indefinitely? An excellent piece read today from Alex B...

The Lightning Paradox: https://medium.com/@bergealex4/the-lightning-paradox-f15ce0e8e374

Don't let your grandchildren hate you! Stack sats for the long term with a reliable, auto buy savings plan, and get $10 FREE to start at SwanBitcoin.com/guy

The other thing to immunize yourself against your future grandchildrens' menacing hatred is to tell everyone you know about Bitcoin Audible, and send them on their journey down the rabbit hole! 😝 Learn more about your ad choices. Visit megaphone.fm/adchoices

"The goods that fare better in hardness, scaleness and darkness will compete, and the first one to reach a critical mass will start swallowing the others, as far as monetary uses are concerned." - Giacomo Zucco

Continuing with the excellent series from Giacomo and Bitcoin Magazine, "Discovering Bitcoin: From Cavemen to the Lightning Network," we dive into Part 3 - Introducing Money. Building of the base concepts of savings in order to acquire time, of durability in a good to store that time, to investment in order to create greater productivity, and then to exchange and specialization, we finally introduce the ultimate good enabling cooperation on a massive scale, Money.

Listen to Parts 1-2 if you haven't yet to get a foundation for this piece: Part 1 - About Time: https://anchor.fm/thecryptoconomy/episodes/Read_422---Discovering-Bitcoin---From-Cavemen-to-Lightning--Part-1-Giacomo-Zucco-ehdkrb Part 2 - About People: https://anchor.fm/thecryptoconomy/episodes/Read_424---Discovering-Bitcoin-2---About-People-Giacomo-Zucco-ehgquv

Other essential reads mentioned in the Guy's Take section for going deeper down the rabbit hole on the nature & origins of money: Shelling Out: The Origins of Money [Nick Szabo] Money, Blockchains, & Social Scalability [Nick Szabo]

Stack sats automatically in your DCA Bitcoin savings plan at SwanBitcoin.com/Guy and get $10 for FREE to start off!

A huge thank you to BitcoinMagazine for making these available and to the Let's Talk Bitcoin Network for sharing this out to Bitcoiners everywhere! Learn more about your ad choices. Visit megaphone.fm/adchoices

We have got a great chat that I have been unable to share until now! What is the present and future of Bitcoin mining and the consumption of energy. Is it a terrible reality that could have huge secondary negative effects, or could it ignite an energy revolution? Join Myself, Christian Stoll, Tone Vays, Christopher Bendikson, Jesse Peltan, and Phillip Sandner for an excellent chat!

And stack those sats! Use SwanBitcoin.com/guy to get started with $10 free and start your automatic, sleep like a baby, savings plan now! Don't be the one who missed out or got stuck starting at charts and ended up with half the Bitcoin trying to outsmart the markets. Save responsibly! Learn more about your ad choices. Visit megaphone.fm/adchoices

"By buying Bitcoin, you are not making a mistake. But if you buy Bitcoin and stop there after your first purchase, you’re making a mistake." - Sylvain Saurel

A great introduction into Bitcoin by Sylvain that hits the most important rules you need to know before opening the door to the rabbit hole. The monetary system we know is a system the induces inequality and poverty, greed is your enemy, altcoins miss the entire point, not your keys - not your bitcoins, & this will change your life. Today we read, "If You Only Read One Thing Before Buying Bitcoin, Read These Few Lines."

Link to the original article below! Don't forget to drop some applause: https://medium.com/in-bitcoin-we-trust/if-you-only-read-one-thing-before-buying-bitcoin-read-these-few-lines-221cd66235b

And the best way to stack sats is safely and automatically with SwanBitcoin.com/guy (get $10 for free and support the pod with this link!) Learn more about your ad choices. Visit megaphone.fm/adchoices

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! Learn more about your ad choices. Visit megaphone.fm/adchoices

"it clearly involves moral, political and ethical aspects, like the importance of privacy as a human right. I will use the term “darkness” to address this attribute." - Giacomo Zucco

Continuing the series from Giacomo and Bitcoin Magazine on Discovering Bitcoin: From Cavemen to the Lightning Network. An excellent series with Part 2 working into the concept of specialization and finding those goods that can securely hold value and enable exchange at a new level. If you are new to Bitcoin, this series is a great place to start!

Part 1: https://anchor.fm/thecryptoconomy/episodes/Read_422---Discovering-Bitcoin---From-Cavemen-to-Lightning--Part-1-Giacomo-Zucco-ehdkrb

I, Pencil - by Leonard Reed https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_123---I--Pencil-Leonard-E--Read-e2ndqm

Don't forget to start your savings plan with SwanBitcoin.com/guy! Support the show and get $10 for doing it! 😆

Much love to the Let's Talk Bitcoin Network! Don't forget to follow them on Twitter and check out the other great shows on the network. Learn more about your ad choices. Visit megaphone.fm/adchoices

"If a few percentage points of a portfolio are allocated to it, there is a limited risk of loss... On the other hand, it’s not out of the question for Bitcoin to triple, quadruple, or have a potential moonshot price action from current levels" - Lyn Alden

An excellent article from investment advisor Lyn Alden who has recently become bullish on Bitcoin, both in the immediate future, and possibly for the long term. Breaking down the nature of Bitcoin's scarcity, the strengthening network effect, the growing security and trust, and the macro environment that could make it an important part of the global financial sphere, we read Alden's excellent post title "3 Reasons I'm Investing in Bitcoin."

Check out the original and the numerous charts that reinforce her position, not to mention tons of other great reading at her blog blow: https://www.lynalden.com/invest-in-bitcoin/

For a popular and interactive view of the Stock-to-Flow price model visit: digitalik.net/btc And of course start your long term positioning into Bitcoin today at SwanBitcoin.com/Guy and get $10 free to start off. Dollar cost average and stack sats the best way out there. Learn more about your ad choices. Visit megaphone.fm/adchoices

“In order to be useful for this kind of process, a good must possess a good “hardness”: Any unit of said good should not significantly lose its ability to provide utility if stored over some period of time.” - Giacomo Zucco Beginning an excellent introductory series into the ideas behind Bitcoin from the broadest spectrum available, taking us through the history of value from Cavemen all the way to the Lightning Network. Today we cover the introduction and part 1 of Discovering Bitcoin by Giacomo Zucco Check out the original articles at Bitcoin Magazine: https://bitcoinmagazine.com/articles/discovering-bitcoin-a-brief-overview-from-cavemen-to-the-lightning-network https://bitcoinmagazine.com/articles/discovering-bitcoin-part-1-time Don’t forget to start your long term Bitcoin savings at SwanBitcoin.com/Guy For more great shows from the Let’s Talk Bitcoin Network, check it out below: https://letstalkbitcoin.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices

A long and intense discussion on the vast chasms between the normal view of the world, and that which Bitcoin instills and requires of people. In the age of contradict and finger pointing, there is nothing so disruptive as radical personal responsibility.

Don't miss an awesome chat with Keyvan Davani, host of The Total Bitcoin and The Total Connecter podcasts! So much to unpack, so get ready for a great one.

Check out & follow Keyvan at the links below: https://twitter.com/keyvandavani https://www.keyvandavani.com/

Get the best nights sleep in the world with an auto-purchase Bitcoin savings plan at SwanBitcoin.com/guy. It will revolutionize the way you sleep! 😆 Learn more about your ad choices. Visit megaphone.fm/adchoices

"Privacy is at the root of Lightning which is a requirement for a retail payment network to succeed. It builds on Bitcoin which does not optimize for privacy⁵ but transparency and robustness." - Nicolas Burtey & Chris Hunter

As excellent piece today from the Galoy Money team that compares the current world of retail payment infrastructure with the incredible potential of a similarly architected, but fundamentally more open, permissionless, private, and censorship resistant payments system built with the Bitcoin & Lightning protocol stack. An excellent piece with a sobering, but hugely bullish vision of a Bitcoin future.

Check out the original and drop some massive applause for this piece at the link below: https://medium.com/galoymoney/lightning-as-a-retail-payment-system-part-1-7463c46342ef

Start your stacking if you haven't! The train is leaving the station! swanbitcoin.com/guy will get you $10 free to start, and set your auto-purchase Bitcoin savings plan in motion. Set it and forget it. Learn more about your ad choices. Visit megaphone.fm/adchoices

Today's Guy's Take is a response to the Bill Bert podcast with Anthony Pompliano! What did Pomp miss? What did he get wrong? Lets do something a little different with this episode, and feel free to check out the video by finding it on YouTube with links and other things provided in the shownotes. Let me know what you think, and don't forget to subscribe!

Watch Episode 20 of the Bill Bert Podcast on youtube below: https://youtu.be/UbMaPYX52go

Start your long term, auto purchase, super simple Bitcoin savings plan below and get $10 to start off for free! SwanBitcoin.com/Guy Learn more about your ad choices. Visit megaphone.fm/adchoices

"This risk is probably best countered by offering enough time to upgrade. Unfortunately, not everyone agrees on how much time is enough; some think forced signaling could start within a year, others believe it should take several years." - Aaron Van Wirdum

Taproot is here! Now just how the hell do we decide to do the upgrade? Aaron Van Wirdum brings us another great piece at Bitcoin Magazine on the varied discussions on how to implement a Bitcoin soft fork in the post-SegWit days. Do we have PTSD, or are we ready for another leap in the Bitcoin protocol? Check out the original at Bitcoin Magazine: https://bitcoinmagazine.com/articles/taproot-coming-what-it-and-how-it-will-benefit-bitcoin For further reading/listening on Segwit, Taproot, Schnorr, & more, check out these other awesome articles below:

Start your Bitcoin savings plan at SwanBitcoin.com/guy! Don't hate yourself for having delayed weeks and missed a prime, sat stacking opportunity before the next bull market. Today is it! Learn more about your ad choices. Visit megaphone.fm/adchoices

“Trusted third parties are security holes” isn’t just a slogan; it’s a concept that millions of people will have intuitively grasped for the first time yesterday." - Nic Carter

I'm sure you've heard about the insane social media takeover by a hacker looking to make a little Bitcoin by now. Nic Carter writes an op-ed on Coindesk breaking down his take on the event and how it calls attention to the huge problems of centralization on the web and social media, and what the possible solutions might look like. Will this finally push massive change in online security, or will it be quickly forgotten like the many hacks before it?

Original article as well as links to some other fascinating reads by Nic below: https://www.coindesk.com/after-twitter-hack-we-need-user-owned-internet-more-than-ever Support the show by starting your Bitcoin savings plan at SwanBitcoin.com/Guy and get $10 free to start off! Learn more about your ad choices. Visit megaphone.fm/adchoices

"Bitcoin’s capped supply is one of its most well-known features, and it is regularly cited as a hedge against inflation caused by government money printing. Most people don’t know that Bitcoin has another attribute that acts as a hedge against a far larger risk." - Nick Neuman

Today we read a short article on BitcoinMagazine that shines light an incredible benefit of the Bitcoin system that isn't so widely understood. It isn't simply an independent monetary policy, its an independent monetary system, and by that fact a hedge against the instability of much more than merely inflation. Listen to today's episode to find out more!

Link to the original with tons more to explore from the author and recent articles at Bitcoin Magazine: https://bitcoinmagazine.com/articles/bitcoin-more-than-an-inflation-hedge

Mentioned, The Yield from Money Held by Hans Hoppe: Read: https://mises.org/library/yield-money-held-reconsidered#:~:text=According%20to%20Keynes%2C%20the%20government,stimulate%20both%20consumption%20and%20investment. Listen: https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_122---The-Yield-From-Money-Held-Reconsidered-e2ndqn

A huge thanks to LTBN, Bitcoin Magazine, and of course Swan Bitcoin! Start your auto stacking of sats and get $10 free at SwanBitcoin.com/Guy Learn more about your ad choices. Visit megaphone.fm/adchoices

• 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. Learn more about your ad choices. Visit megaphone.fm/adchoices

"This rationale also completely demolishes the “blockchain not Bitcoin” mantra as the Schelling point is purely based on bitcoin the money, not blockchain the technology." - Willem Van Den Bergh

Why do communication protocols tend towards monopoly? What is it in the nature of networks that lends dominance in a single medium, in the way VHS killed the very existence of BetaMax, how Blu-ray pushed HD-DVD into obscurity? What can Schelling Points, the Lindy Effects, and what we know about networks inform us about these unique systems, and do they demonstrate the limits of free markets? Don't miss this incredible piece from Willem "On Schelling Points, Network Effects, & Lindy." https://medium.com/@willemvandenbergh_85885/on-schelling-points-network-effects-and-lindy-inherent-properties-of-communication-c4eb69b55c60

A great listen to accompany this one is Nick Szabo's "Shelling Out" Sleep comfortably tonight, stack sats automatically with the lowest hassle, lowest cost Bitcoin savings plan. SwanBitcoin.com/guy Learn more about your ad choices. Visit megaphone.fm/adchoices

"Rearden heard Bertram Scudder, outside the group, say to a girl who made some sound of indignation, “Don’t let him disturb you. You know, money is the root of all evil – and he’s the typical product of money.” Rearden did not think that Francisco could have heard it, but he saw Francisco turning to them with a gravely courteous smile..." - Ayn Rand

Reading the famous speech by character Francisco D'Anconia in the novel "Atlas Shrugged" on the root of all money. This one had a profound effect on my understanding of economics and money in the beginning of my journey down the rabbit hole, that ultimately led me to Bitcoin. Enjoy.

Use swanbitcoin.com/guy for sound money. Learn more about your ad choices. Visit megaphone.fm/adchoices

“When we stop conceiving of central banking as an economics story, and start to see it as a crime story, we are beginning to get the true picture.” - Robert Breedlove The epic conclusion of Breedlove’s “Masters and Slaves of money,” and the inevitable Guy’s Rant further exploring just how poisonous the corruption of our money is on the sustainability and moral fabric of society. Click the crap out of the applause button on the medium article below, and don’t forget the many links for exploring tons of other great works: https://medium.com/@breedlove22/masters-and-slaves-of-money-255ecc93404f What Does 1 Trillion Dollars Look Like? https://www.youtube.com/watch?v=g4Rva4KmtmQ

Secure your Bitcoin savings with the best and lowest cost auto-buy service in the ecosystem at SwanBitcoin.com/guy Thanks to the Let’s Talk Bitcoin Network & Bitcoin Magazine for including Bitcoin Audible and spreading these incredible works to everyone in the Bitcoin space! Learn more about your ad choices. Visit megaphone.fm/adchoices

"Money is a tool for trading human time. Central banks, the modern-era masters of money, wield this tool as a weapon to steal time and inflict wealth inequality." - Robert Breedlove Breedlove brings us another excellent write up, this time on the nature of monetary masters and the power dynamic they embody. Exploring the Trans-Atlantic slave trade, the monetary origins of the decline of Western Africa, the logos, and the free speech of human value and time, "Masters & Slaves of Money" is a brilliant investigation to the monetary hierarchy of our world, and how its control has shaped history. We will break through this piece in 2 parts, starting with today, Part 1 of "Masters & Slaves of Money" by Robert Breedlove. https://medium.com/@breedlove22/masters-and-slaves-of-money-255ecc93404f Secure your Bitcoin savings with the best and lowest cost auto-buy service in the ecosystem at SwanBitcoin.com/guy Thanks to the Let’s Talk Bitcoin Network & Bitcoin Magazine for including Bitcoin Audible and spreading these incredible works to everyone in the Bitcoin space! Learn more about your ad choices. Visit megaphone.fm/adchoices

"The system is rigged." - Jimmy Song

How does out monetary system work and what does it even mean for the government and central bank to have printed trillions of dollars to hand out to everyone, as if we could all just print our way to infinite riches? Is that possible? Does that even make sense? Or is there a better and more fair monetary system at our disposal that reveals the injustices of the current system, and presents a grain of hope for our future?

Bitcoin: A Declaration of Monetary Independence from Jimmy Song! https://medium.com/@jimmysong/bitcoin-a-declaration-of-monetary-independence-63dee34bdff9

For another great piece to get jacked about taking back our sovereignty on Independence Day, listen to Brady Swenson's article of the same title, "A Declaration of Monetary Independence"! https://anchor.fm/thecryptoconomy/episodes/Read_384---A-Declaration-of-Monetary-Independence-Brady-Swenson-ed66jv

Start saving in sound independent money today, don't contribute to the corrupt fiat monster any longer, by auto-buying Bitcoin on a regular basis at SwanBitcoin.com/guy. You'll get $10 free to start you off, and you'll always have a hedge against the money printer. Learn more about your ad choices. Visit megaphone.fm/adchoices

"Mempools are the centerpiece of the entire Bitcoin economy. And they are totally underrated." - Zane Pocock

Today we dig into a unique mental framework of the Bitcoin mempool and how to understand its significance and the fascinating role it plays in the global bidding war for Bitcoin block space. A work by first time author Zane Pocock at MempoolReview.com, Guy reads "Bitcoin's Town Square" & expands on exactly how he views the open information market working tirelessly to find the right price for a Bitcoin confirmation. The original article with numerous other great links in the read: https://www.mempoolreview.com/bitcoins-town-square/

An essential piece mentioned in the read is Hayek's essential work: The Use of Knowledge in Society Part 1 The Use of Knowledge in Society Part 2

For $10 free in Bitcoin, start your auto purchase Bitcoin savings plan with the lowest fees available at swanbitcoin.com/guy. There is no better sleep on the market than knowing you are always stacking sats!

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"Distorting supply only serves to distort a currency’s ability to perform its job of storing and communicating value; it can’t make a currency more valuable or secure." - Phil Geiger

Digging back into the Unchained Capital Blog we find a fascinating framing of the problem of Bitcoin's security at the end of the block subsidy era, where costs will be paid directly by those making transactions. Will the network be secure, or will we need more inflation, breaking the ultimate value of the system itself, in order to subsidize the hashes protecting the timechain? Find out in today's article, "21 Million is Non-Negotiable" by Phil Geiger.

The full article is found below, plus the incredible list of other work at the Unchained Blog: https://unchained-capital.com/blog/21-million-is-non-negotiable/

Get your slice of the 21 million today while you can still easily buy millions of sats for very little! The best way is to auto-purchase at a regular interval so you are always saving your money in the scarcest good in the world. For $10 free to start off, go to SwanBitcoin.com/guy! Learn more about your ad choices. Visit megaphone.fm/adchoices

"#Bitcoin as protocol has huge potential: it's like the TCP layer, but no one has built the HTTP layer yet." - Elizabeth Stark Today we read an article from earlier this year on the massive advances we have seen in Lightning since its inception, and the awesome potential it has for the future. Written by Elizabeth Stark, co-founder of Lightning Labs, and followed by a long rant about all of the tools I’ve been using and the amazing things that are made possible with them! Entering the Decade of Lightning, by Elizabeth Stark https://medium.com/@lightning_labs/entering-the-decade-of-lightning-8c4a4d31167f Links Below of all the incredible services and wallets available to begin experimenting with: Breez Wallet: https://breez.technology Zap Wallet: https://zap.jackmallers.com Strike: https://twitter.com/ln_strike Blue Wallet: https://bluewallet.io Muun Wallet: https://muun.com Wallet of Satoshi: https://www.walletofsatoshi.com BTCPayServer: https://btcpayserver.org/ Fold App: https://foldapp.com

And don't forget SwanBitcoin for the best damn sleep in the world, regard of which stupid mattress you bought. Auto buying Bitcoin every week and waking up to that sweet notification that you have safely and securely stacked more bitcoins. SwanBitcoin.com/guy Learn more about your ad choices. Visit megaphone.fm/adchoices

"Guy Swann returns to the show to discuss Bitcoin scaling, privacy, lightning, state chains, institutional solutions, owning your keys, and much more."

Pseu and I go down the rabbit hole of Bitcoin's future and what the road there may look like in this episode of his show, "A Boy Named Pseu." If you haven't checked out his podcast yet, it's a great one to explore on the principles of liberty and deep dives into all sort of conversations around Bitcoin. It's definitely one not to miss! https://podcasts.apple.com/us/podcast/a-boy-named-pseu/id1477843916

Looking for that Bitcoin only, no noise, long term place to send your friends to buy Bitcoin? SwanBitcoin.com/guy will get them $10 free to start off, and not even once try to convince them to buy XRP.

DISCOUNT CODE "CC" will get you 30% off tickets to BitBlockBoom! Don't forget to grab them before they sell out! We are getting close and you don't want to miss the ultimate Bitcoin Maximalist conference 🔥 Learn more about your ad choices. Visit megaphone.fm/adchoices

"Incentives have driven exchanges to become casinos, and they’re doing exactly what you’d expect unregulated casinos to do. This is no place you ever want to send anyone." - Rusty Russell

A sobering and important reminder of the dangers that exchanges have come to pose for people new to the Bitcoin space. Rusty Russell writes a concise piece breaking down the incentives of the exchange market and the increasing risks they pose in hooking people with the promise they can buy Bitcoin, and trapping them in the cycle of chasing green candles on 57 varieties of crap.

From Rusty's excellent blog with many other great little thoughts, check out below for tons of other great insight and discussion: https://rusty.ozlabs.org/

Looking for that Bitcoin only, no noise, long term place to send your friends to buy Bitcoin? SwanBitcoin.com/guy will get them $10 free to start off, and not even once try to convince them to buy XRP. Learn more about your ad choices. Visit megaphone.fm/adchoices

“Years before the U.S. government’s assault on free speech escalated into the indictment against the WikiLeaks founder, the mysterious creator of Bitcoin recognized the potential fate that would befall the world’s first global Fourth Estate. “ - Nozomi Hayase Another excellent write up from Nozomi Hayase & Bitcoin Magazine, on the plight of Wikileaks founder Julian Assange & the injustice of his extradition. It is an astonishing thing to see how many world changing systems, technologies, and institutions found their beginnings in a tiny group of mathematicians & activists who found a commonality on the internet around the principle of free speech, sharing ideas on a virtually unknown mailing list of self-proclaimed “cypherpunks.” Who knew how much it would shape our world? Check out the original article and link sot donate to the Wikileaks Defense Fund below: https://bitcoinmagazine.com/articles/julian-assanges-u-s-extradition-and-bitcoins-battle-for-freedom-of-the-internet https://defend.wikileaks.org/donate/ Check out the other amazing books mentioned on the Survivor’s Book List: https://thecryptoconomy.com/bitcoin-survivors-book-list/

Auto-buy Bitcoin in a secure, low cost savings plan at SwanBitcoin.com/guy and get $10 of free bitcoins right out the gate, and also help support the longevity of Bitcoin Audible!

Don't forget offer code CC for 30% off tickets to BitBlockBoom! Come to the true Bitcoin Maximalist conference and let's hang out and talk about the new digital revolution!

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"the adoption of a superior form of money has tremendous multiplicative benefits to wealth creation for all members of a society." - Vijay Boyapati

Rebooting one of the most essential Bitcoin works out there. If you are either new to Bitcoin, or if you have simply not listened or read this one in some time, there is no better time than now to listen to Vijay Boyapati’s excellent work, “The Bullish Case for Bitcoin.” Drop some applause and check out the original below with links to numerous other languages and platforms at the bottom of the piece. Drop some applause while you are visiting! https://medium.com/@vijayboyapati/the-bullish-case-for-bitcoin-6ecc8bdecc1 Mentioned in this work for more incredible digging into the history and origins of money, here is Nick Szabo’s “Shelling Out, The Origins of Money” https://anchor.fm/thecryptoconomy/episodes/Reboot---Shelling-Out-The-Origins-of-Money-Nick-Szabo-e9omme

Follow Vijay on social media so you don't miss his other incredible work and insights: https://twitter.com/real_vijay

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"We have JCR Licklider to thank for the first articulation of the Internet, which he dubbed the “Intergalactic Computer Network” in 1962" - Roy Sheinfeld

If we look at the history of the most influential network in the world, the mother of them all, the internet; what might it be able to tell us about Bitcoin and Lightning? What might it be able to inform us about where we are going in the future of this ecosystem? And can it assist in helping us to find a direction for the enormous amount of work to come? Find out in this great piece from Roy Sheinfeld, CEO of Breez Technology.

Don't forget to check out the original plus a number of other great recent articles at the medium page below: https://medium.com/breez-technology/comparing-two-revolutionary-networks-lightning-and-the-internet-d6043768e217

An excellent TEDx talk on the influence of the internet and potential change it may inspire for the future of governance, and how we may help to get it there, with the help of Bitcoin: https://www.youtube.com/watch?time_continue=448&v=FNL22RvFwn0&feature=emb_logo

Starting your Bitcoin auto-buy savings plan at SwanBitcoin.com/guy will get you $10 of free sats right out the gate, and also help support the longevity of Bitcoin Audible!

Don't forget offer code CC for 30% off tickets to BitBlockBoom! Come to the true Bitcoin Maximalist conference and lets hang out and talk about Bitcoin 🔥 Learn more about your ad choices. Visit megaphone.fm/adchoices

"While Bitcoin can control the number of users inside the network, it has no control over the number of users accessing the network through custodial banks. The growth of this banking layer is outside of the protocol’s control and could grow into a systemic risk for Bitcoin." - Hasu

A very interesting thought experiment from returning author Hasu, on the potential risks of a Bitcoin future without a trustless means of transacting. If most Bitcoin traded is a custodial IOU, could Bitcoin fall victim to the same fate as Gold? Find out more in today's read!

Check out the original and other great insights at Deribit.com: https://insights.deribit.com/market-research/why-bitcoin-might-not-survive-a-bitcoin-standard/

Don't forget to setup your auto-buy Bitcoin Savings Plan at the lowest cost, and simplest service of Swan Bitcoin! SwanBitcoin.com/guy will get you some free sats for signing up, and also help support the longevity of Bitcoin Audible!

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"ION will decentralize the way that messages and application data is encrypted and exchanged." - ION Announcement

With the help of Casa and a number of other partners, Microsoft finally releases the beta of their new decentralized ID system, anchored to the Bitcoin mainnet. A potential solution to security and privacy in our increasingly digital future. By Peter Chawaga, and published at the amazing resource that is Bitcoin Magazine, we read and discuss "ION, Microsoft’s Decentralized Identity System, Launches Beta On Bitcoin Mainnet." The days of usernames and passwords may be behind us.

Check out the original article at the link below, plus a number of other great recent articles at Bitcoin Magazine: https://bitcoinmagazine.com/articles/ion-microsofts-decentralized-identity-system-launches-beta-on-bitcoin-mainnet

A huge thanks to The Let's Talk Bitcoin Network and the amazing shows they produce for the Bitcoin space!

Don't forget to setup your auto-buy Bitcoin Savings Plan at the lowest cost, and simplest service of Swan Bitcoin! SwanBitcoin.com/guy will get you some free sats for signing up, and also help support the longevity of Bitcoin Audible!

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“What doesn’t kill the legacy monetary system only makes it weaker. What doesn’t kill bitcoin only makes it stronger. “ - Parker Lewis If you were hoping for another installment of the incredible Gradually, then Suddenly Series by Parker Lewis, then the wait is over. From the Unchained Capital Blog, today’s read is the 15th installment, “Bitcoin is Antifragile.” Link to the original and the Unchained Capital Blog for tons of other great writings: https://unchained-capital.com/blog/bitcoin-is-antifragile/ Follow Parker Lewis on Twitter to not miss any of the other great works and commentary on Bitcoin: https://twitter.com/parkeralewis

Don't forget to setup the best and lowest cost auto-buy Bitcoin savings plan at SwanBitcoin.com/guy And for those fo you joining me at the ultimate Bitcoin Maximalist Conference in TX, remember the discount code 'CC' for 30% off at BitBlockBoom.com Learn more about your ad choices. Visit megaphone.fm/adchoices

“At the moment, the Bitcoin network is improving but is far from as usable and private as it needs to be with authoritarianism and surveillance on the rise in many countries,” - Alex Gladstein Another great piece by Aaron Van Wirdum made available at BitcoinMagazine.com, today it was announced that the Human Rights Foundation, a great force for liberty and privacy across the globe, has turned its focus toward directly funding Bitcoin privacy projects thanks to a generous gift from an anonymous donor. Starting with funding an implementation of an awesome privacy development called coinswap, and with another grant soon to be announced, the future of Bitcoin privacy is yet again, just a little bit brighter!

Check out the original at Bitcoin Magazine for more links to explore this privacy technique as well as others: https://bitcoinmagazine.com/articles/the-human-rights-foundation-is-now-funding-bitcoin-privacy-development-starting-with-coinswap

To make a donation yourself to the CoinSwap project, check out the link below: https://bitcoinprivacy.me/coinswap-donations

Dont forget discount code CC when getting your BitBlockBoom tickets! https://bitblockboom.com/

And support an awesome Bitcoin company, plus the BitcoinAudible show, by setting up your Bitcoin Savings plan, auto-buy at the lowest prices using SwanBitcoin.com/guy Learn more about your ad choices. Visit megaphone.fm/adchoices

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 Bittorrent Lessons Part 2 Bittorrent Lessons Part 3 Bittorrent Lessons Part 4

Inventing Bitcoin by Yan Pritzker: https://www.audible.com/pd/B087C59TS7/?source_code=AUDFPWS0223189MWU-BK-ACX0-192596&ref=acx_bty_BK_ACX0_192596_pd_us

Dont forget to start your Bitocin savings plan, auto buy with the simplest set it and forget service out there at SwanBitcoin.com/guy Learn more about your ad choices. Visit megaphone.fm/adchoices

"Financial Cryptography is substantially complex, requiring skills drawn from diverse and incompatible, or at least, unfriendly, disciplines. Caught between Central Banking and Cryptography, or between accountants and programmers, there is a grave danger that efforts to construct Financial Cryptography systems will simplify or omit critical disciplines." - Ian Grigg

Another blast from the past of 1998, written by Ian Grigg, made available at the NakamotoInstitute.org. An awesome attempt at looking forward to the possible layers and roles within a financial cryptography system, providing a fascinating comparison to Bitcoin and the reality of that system today. Don’t miss tomorrow’s episode where we dig into the comparisons and expand on the many incredible foresights that Ian designed in his own model of our cryptographic future. Explore the incredible library of works at the Nakamoto Institute and the original with a long list of references to dig further into these Ideas at the link below: https://nakamotoinstitute.org/financial-cryptography-in-7-layers/ If you want the cheapest and simplest way to get a Bitcoin savings plan that will work indefinitely into the future, Swan Bitcoin is that place. Plus get $10 free for setting up through the link below! SwanBitcoin.com/Guy Learn more about your ad choices. Visit megaphone.fm/adchoices

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. Learn more about your ad choices. Visit megaphone.fm/adchoices

"Users can now create a transaction without a signature in the Bitcoin Core GUI using the partially signed bitcoin transaction (PSBT) format" - Aaron Van Wirdum

A great piece by Aaron & the Bitcoin Magazine team, detailing the new release of the Bitcoin reference client that explains multiple great improvements, simplifications, cleanup of the codebase, & hardening of client security. Removing the unnecessary, and building out new standards, another great release showing the promising direction of Bitcoin's unmatched reliability & independence continuing into the future.

Check out the original below for other great links to explore deeper: https://bitcoinmagazine.com/articles/bitcoin-core-0-20-0-released-whats-new

The Maxwell Reddit post mentioned in the commentary: https://old.reddit.com/r/Bitcoin/comments/d87h71/why_dont_i_get_to_choose_bip_70_removed_by_default/f1cedy9/

Don't forget to check out my new personalized page at SwanBitcoin.com/guy and start your Bitcoin savings plan today! Learn more about your ad choices. Visit megaphone.fm/adchoices

"As it turns out, we had money, we just weren't allowed to take it out of the country. When we left the Soviet Union we were allowed to exchange our rubles for dollars at the official rate (not the real rate)... so they gave us $100 worth and sent us on our way." - Yan Pritzker

Bitcoin isn't simply an application that can be used for finance. Less a technological breakthrough & more a monetary revolution. Today we chat with the exceptional author of "Inventing Bitcoin," CTO and co-founder of Swan Bitcoin & GiveBitcoin, and a Bitcoiner who has risked it all to be a part of the most important monetary revolution in a century. This chat is not to be missed!

Shout out in the episode to Cory Klippsten, CEO of Swan Bitcoin, and Phil Geiger of Unchained Capital!

If you haven't read or listened to Inventing Bitcoin, it is a brilliant overview of the logical architecture that sustains the Bitcoin system. Find it at the link below on Amazon and/or Audible.com https://bit.ly/inventing_btc

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"VCs are a group of people demonized in the Bitcoin industry for not understanding Bitcoin’s value proposition. Well, how do you expect a VC to value Bitcoin if they’re only used to valuing startups?" - Hass McCook A really fun article, followed by a walk down Bitcoin memory lane with Guy, giving a fresh analogy (you know how I love those) of Bitcoin as a startup moving through funding rounds. Where are we in the maturing cycle, and what will the focus of this and future eras be? Looking at Bitcoin's history and future through the lens of a startup!

Check out the original article and drop some applause below: https://medium.com/@hassmccook/bitcoin-as-a-startup-769c387c97ca

Join in the Series B Funding Round by starting your Bitcoin Savings Plan at SwanBitcoin.com/guy Learn more about your ad choices. Visit megaphone.fm/adchoices

“authority, not truth makes legitimacy... it is truth, not authority that makes legitimacy with Bitcoin.” - Erik Cason Today we dive into a fascinating piece at cryptosovereignty.org by Erik Cason diving into the very concept of sovereignty, and how Bitcoin, in comparison to the legacy system, is not merely revolutionary, but messianic. Truth, not authority, is the only source of legitimacy. Check out the original article with tons of other stuff to explore at the link below: https://cryptosovereignty.org/the-political-theology-of-bitcoin/ For another few hours diving into this idea, listen to the most recent Raleigh Bitcoin Podcast where we talk all about it: https://anchor.fm/raleigh-bitcoin-meetup/episodes/Novus-Ordo-eemr9t Will you be sovereign in the future? The simplest and surest way to take back that sovereignty is to auto-buy and auto-withdraw your Bitcoin at Swan Bitcoin: Swanbitcoin.com/guy Learn more about your ad choices. Visit megaphone.fm/adchoices

“It’s going to be really interesting to replicate some of the token-based authentication schemes that we already have with centralized providers but do it with self-sovereign identity, which is pseudonymous and which is persistent across the network.” - Chris Dannen An article by Peter Chawaga at BitcoinMagazine.com that touches on the many topics discussed during the Bitcoin Halving Livestream with many of the Lightning pioneers. With LSATs, keysend, LN messaging apps, and the new infrastructure layer for monetary applications. The future is bright, and today's episode is a great little morsel about what it to come.

Check out the original article and the 2 great videos exploring all of this stuff further at the links below: https://bitcoinmagazine.com/articles/how-the-lightning-network-will-grow-following-bitcoins-third-halving Elizabeth Stark on BitcoinHalving - https://www.youtube.com/watch?v=CEim0y0Vw68 Jack Mallers, Will Reeves, Chris Dannen, & Alex Leishman - https://www.youtube.com/watch?v=z1mpftgg2Ls

Auto-Fund with USD, Auto-Stack your BTC, & Auto-Withdraw to your keys. The simplest, lowest cost way to secure your future. SwanBitcoin.com/guy Learn more about your ad choices. Visit megaphone.fm/adchoices

We had a fascinating panel discussion hosted by John Vallis with an amazing group at the Value of Bitcoin Conference. All about the Global Renaissance that Bitcoin could ignite. What incentives will most change our world, what is the future of debt in a sound money economy, what will governments look like, what happens when everyone's wealth exists everywhere at once and borders become meaningless? All this and more with Marty Bent, John Vallis, Alex Gladstein, Elizabeth Prefontaine, & Brady Swenson!

Check out the other great talks fro the Value of Bitcoin conference. The team put on an incredible show and there is hours of exploring to do at: https://vob-conference.com/ Secure your future place in society with the easiest, lowest cost, automated Bitcoin Savings Plan at SwanBitcoin.com/guy Learn more about your ad choices. Visit megaphone.fm/adchoices

"Early alchemy was concerned with purifying and perfecting certain materials, such as transmuting base metals like lead into noble metals like gold, creating an elixir of immortality, or creating panaceas to cure any disease." - Meltem Demirors How should we observe the "crypto" industry as a whole, and what, if anything, can we learn from the enormous ocean of altcoins that could find a useful application in the future of cryptography and networking systems? Meltem gives a very interesting analogy on how to look at the results of the "crypto" industry and a useful perspective in considering what we to bring with us, and what to leave behind.

Check the original plus a ton of other great writing from Meltem at her blog "Meltem's Musings": https://meltdem.substack.com/p/crypto-is-modern-alchemy

Bitcoin Audible is supported by an amazing group of Bitcoiners on the team with Swan Bitcoin. Providing the best way to auto-buy & auto-withdraw your bitcoin with the lowest DCA fees in the business. Go to Swanbitcoin.com/guy today to start your savings plan. Learn more about your ad choices. Visit megaphone.fm/adchoices

"The world’s national currencies will offer Bitcoin only a sputtering resistance — more in word than deed — and they’ll dwindle into irrelevance as their defenders fail to defend, their battlements go unmanned, and the central banks’ centers will not hold." - Jesse Lawler

Are we doomed for a massive battle between the monetary giants. The Federal Reserve and global powers pitted against the decentralized Bitcoin system? Or will Goliath simply fizzle out as the central banks fail to organize, find their personal interest at odds with institutional interest, and Bitcoin proves to be too distributed to even fight?

Sci-Fi dystopia and a cypherpunk war, or no? A great, fun piece by Jesse Lawler, host of the Smart Drugs Smart podcast and fellow Crew member of the show, writes a really interesting piece on the potential conflicts, or lack thereof, in Bitcoin's future.

Check him out on twitter with the tag @Lawlerpalooza and drop some applause on this article below: https://medium.com/@Lawlerpalooza/bitcoin-vs-government-b324fefd3e1a

Start your Bitcoin savings at Swanbitcoin.com/guy to support your own future, and support this podcast! Keeping the Bitcoin Audible project alive! Learn more about your ad choices. Visit megaphone.fm/adchoices

Statechains, the Atomic Swap Halving, Perpetual One Way Swaps, and more with co-host of the Unhashed Podcast! Ruben Somsen joins us to dive into a ton of awesome technical exploration & how they can be directed toward a scalable and efficient future for Bitcoin. Check out Ruben on Twitter: https://twitter.com/SomsenRuben Explore his various proposals further: https://gist.github.com/RubenSomsen/c9f0a92493e06b0e29acced61ca9f49a Listen to him and the gang talk Bitcoin on the Unhashed Podcast: https://www.unhashedpodcast.com/

Get your Bitcoin Savings Plan set in now! Use the simplest and lowest cost way to auto-buy Bitcoin and auto-withdraw to your own wallet at Swanbitcoin.com/guy Learn more about your ad choices. Visit megaphone.fm/adchoices

Full nodes without even needing the internet? That's right. A massive improvement to the decentralization & alternatives for securing Bitcoin validation infrastructure just dropped from the team at Blockstream.

Announcing Blockstream Satellite 2.0! Check out the original with links to pre-order the kits if interested: https://blockstream.com/2020/05/04/en-announcing-blockstream-satellite-2/

Follow Adam Back, Chris Cook, & the team on Twitter: https://twitter.com/adam3us https://twitter.com/Blockstream

Stack sats automatically and effortlessly at SwanBitcoin.com/guy! Plus show them some love for their support in making the best Bitcoin works Audible! Learn more about your ad choices. Visit megaphone.fm/adchoices

"Encryption reduces the cost of protection and decreases the leverage of violence at scale. This leads to the rise of dissident technology." - Phil Bonello

With the foundations of the our societal structures shifting, and the core dynamics of violent organization under flux, how do we anticipate the changes in the future? Looking at the investment thesis through the lens of “The Sovereign Individual” with an incredible article from Phil Bonello. Check out the original article at the link below, plus a lot of other great work on his blog: https://philjbonello.substack.com/p/the-sovereign-individual-investment A huge thanks to Swan Bitcoin for supporting Bitcoin Audible & making these works accessible to everyone. Start your Bitcoin savings plan with the lowest cost, best auto-buy service available, at SwanBitcoin.com/guy Learn more about your ad choices. Visit megaphone.fm/adchoices

"A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution." - Satoshi Nakamoto To kick off the Third epoch in Bitcoin we are officially rebranding to Bitcoin Audible, and beginning with the historic Whitepaper by Satoshi himself, revealing this incredible system to the world. Solving the Byzantine General's problem, a breakthrough in consensus, a structureless, distributed monetary system incentivizing cooperation and truth. The Whitepaper is the earliest window into a groundbreaking network that already has, and will continue, to change the world.

Bitcoin: A Peer-to-Peer Electronic Cash System Original is found here: https://bitcoin.org/en/bitcoin-paper

A huge thanks to Swan Bitcoin for supporting Bitcoin Audible & making these works accessible to everyone. Start your Bitcoin savings plan with the lowest cost, best auto-buy service available, at SwanBitcoin.com/guy Learn more about your ad choices. Visit megaphone.fm/adchoices

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 Learn more about your ad choices. Visit megaphone.fm/adchoices

"In other words, Bitcoin already has little monetary inflation, which will drop even further." - Dominik Stroukal Because I love discussion of markets, prices, and the EMH, I couldn't avoid one last article before the halving arrives. With another interesting take from the SatoshiLabs blog from first time on the show author, Diminik Stroukal, we get a breakdown of how to think about the halving, the stock to flow model, and predicting the future of Bitcoin.

Plus, an unavoidable Guy's Rant to follow 😂- Don't miss it!

Check out the original and drop some applause below: https://blog.trezor.io/the-economics-of-halving-what-will-happen-to-the-price-dab6df11755a

Efficient Market Hypothesis [Nic Carter]

Stock to Flow and the EMH [PlanB]

The Halving is NOT priced in [Guy's Take]

Don't miss your position in the scarcest money to ever exist, the longer you wait, the more scarce it becomes. Start your Bitcoin savings plan at SwanBitcoin.com/guy 🔥 Learn more about your ad choices. Visit megaphone.fm/adchoices

"In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value. If there were, the government would have to make its holding illegal, as was done in the case of gold." - Alan Greenspan

Who would've guessed that the most succinct explanation of exactly how Greenspan caused an unsustainable credit bubble in the 90s, resulting in an inevitable economic collapse, would've come from Greenspan himself, almost 30 years earlier? Today we read a piece that was a major factor during my early years of discovering the Austrian theory and the importance of sound money. Greenspan's "Gold and Economic Freedom."

Check out the original at constitution.org: https://www.constitution.org/mon/greenspan_gold.htm

The best place to buy Bitcoin, regularly, and automatically, is with Swan Bitcoin. The lowest cost, and the simplest setup, built by true Bitcoiners, for Bitcoiners. swanbitcoin.com/guy Learn more about your ad choices. Visit megaphone.fm/adchoices

"It is axiomatic that printing money (or creating digital dollars) does nothing to generate economic activity; it only shifts the balance of powers as to who allocates the money and prices risk. It strips power from the people and centralizes it to the government." - Parker Lewis

If you were worried that the previous installment of the Gradually, Then Suddenly Series was its conclusion, then you will not want to miss today’s read. Parker is back with another bomb to drop on the unavoidable reality of our times. It is a simple and irrefutable common sense, that money which one individual must fight and labor to obtain voluntarily, and which is simultaneously created at zero cost by any other institution or person, grants no advantage to the former. Bitcoin is 21 million, and the realization that a scarce money is a better money for every individual, and more fair for society, will be self-actualizing. It requires nothing more than the persistence of the human desire for self-preservation. A huge thanks to Parker Lewis and Unchained Capital for this piece. The original, with links and charts demonstrating his argument, plus the entire incredible series is available at the link below: https://unchained-capital.com/blog/bitcoin-is-common-sense/ Mentioned in the commentary: https://chapwoodindex.com/ Don’t forget to start your Bitcoin savings plan at Swan Bitcoin and thank them for making the Audible of the Bitcoin space available for you to listen to these incredible works! Swanbitcoin.com/guy Learn more about your ad choices. Visit megaphone.fm/adchoices

"As a friend of mine likes to say: Bitcoin is pieces of super-gold flying inside an unstoppable PayPal. It is the best money we ever had." - Gigi

Another great piece by Gigi (@Dergigi on twitter) that takes a step back and just tells the message of Bitcoin without all the usual over-complication. Ignore the monetary history, don't explain the underlying technology, lets not cover the crucial cryptographic imperatives or the game theory, and lets address the common sense reasons that Bitcoin exists, and how we should be think of it as we move into the future.

A brilliant piece as usual from Gigi, check out the original below, "Dear Family, Dear Friends" and drop some applause on Medium ALSO don't forget to check out the additional resources I forgot to talk about at the bottom of the article: https://medium.com/@dergigi/dear-family-dear-friends-6ef7ee7a1a2b

Gigi's comprehensive resources to explore further down the Bitcoin Rabbit Hole: https://bitcoin-resources.com

Much love to our amazing sponsor and the incredible team over at Swan Bitcoin. Making the Audible of the Bitcoin space available to all Invest in sound money, automatically, easily, and responsibly at Swan Bitcoin. - https://www.swanbitcoin.com/guy Learn more about your ad choices. Visit megaphone.fm/adchoices

"Mycelial networks act as a resource transport layer and communications network connecting organisms in the biosphere. This enables organisms to voluntarily trade resources and knowledge across species lines. Increasing trade leads to increased specialization (division of labor), further increasing biodiversity (wealth and resilience) in the ecosystem." - Brandon Quittem

After the long wait, we are finally covering Part 4, the conclusion, of Quittem's incredible "Mycelial Money" series, exploring Bitcoin as a catalyst for the evolution of our species. Drop some applause here 👏🏻-> https://medium.com/@BrandonQuittem/bitcoin-is-a-catalyst-for-human-evolution-symbiosis-part-4-4-4c6563cb9254

Listen/Read parts 1-3 below: Bitcoin is a Decentralized Organism 1/4: Bitcoin is a Social Creature 2/4 Bitcoin is the Antivirus 3/4 Danny Hillis - Back to the Future of 1994: https://www.youtube.com/watch?v=gdg4mU-wuhI&t=

Use of Knowledge in Society:

Money, Blockchains, and Social Scalability: Don't forget to start your Bitcoin saving plan. Don't let the future pull the rug out from under you. Invest in sound money, automatically, easily, and responsibly at Swan Bitcoin. - https://www.swanbitcoin.com?grsf=yg8ftt Learn more about your ad choices. Visit megaphone.fm/adchoices

"What the State fears above all, of course, is any fundamental threat to its own power and its own existence" - Murray N. Rothbard

The epic conclusion to Murray Rothbard's Anatomy of the State. What is the ultimate end of state power? Can we test to see if the State is in fact interested in its own survival, or if its interested in the protection of its citizens? And how does Bitcoin alter this ancient dynamic? This and more in todays read.

Check out Mises.org for the amazing library of work made available for free! https://mises.org/library/anatomy-state

Don't forget to start your Bitcoin saving plan. Don't let the future pull the rug out from under you. Invest in sound money, automatically, easily, and responsibly at Swan Bitcoin. - https://www.swanbitcoin.com?grsf=yg8ftt

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"The greatest danger to the State is independent intellectual criticism." -Murray N. Rothbard

Another piece made available thanks to the amazing team over at the Mises Institute, we dive into the first half of the essential work by Murray N. Rothbard, Anatomy of the State. A critical and objective view of what the tools and means of the state are, and how they differ from the average man. Trigger warning, some of it might be hard to hear.

Check out Mises.org for the amazing library of work made available for free!

Don't forget to start your Bitcoin saving plan. Don't let the future pull the rug out from under you. Invest in sound money, automatically, easily, and responsibly at Swan Bitcoin. - https://www.swanbitcoin.com?grsf=yg8ftt

Don't forget you can support the show by becoming a patron, or find out sponsorship details at sponsor@thecryptoconomy.com. patreon.com/thecryptoconomy Learn more about your ad choices. Visit megaphone.fm/adchoices

"I think of Bitcoin as a conservative investment because it’s so superior to gold. The value of it should wind up at least equal to gold’s..." - BitcoinTINA

Reading a piece by BitcoinTINA summarized from the BitcoinMagazine series on how Bitcoin is a fundamental shift in the nature of money, and how quickly everything could change despite how difficult to imagine it may be. Posted with other great work on the Swan Signal blog, we read "Bitcoin and the Technological Evolution of the Finanical System."

Link to the Blog, plus the other great reading mentioned in the article: https://www.swanbitcoin.com/bitcoin-and-the-technological-evolution-of-the-financial-system

The 4 part Bitcoin Magazine series where TINA dives deeper into these ideas: https://bitcoinmagazine.com/articles/listen-bitcointina-on-bitcoin-podcast-series

Don't forget to start your Bitcoin saving plan. Don't let the future pull the rug out from under you. Invest in sound money, automatically, easily, and responsibly at Swan Bitcoin. - https://www.swanbitcoin.com?grsf=yg8ftt

Don't forget you can support the show by becoming a patron, or find out sponsorship details at sponsor@thecryptoconomy.com. patreon.com/thecryptoconomy Learn more about your ad choices. Visit megaphone.fm/adchoices

"We Hodl these truths to be self evident" - Brady

A Declaration of Independence for the age of the separation of money and state. When a monetary system becomes a burden, a means not to help the public good, but to sicken and destroy it, it is the right, and the duty of the people to throw off such system. This is why we are here, and this is why we run our nodes, defending the network from those that would alter the money for their benefit, and our expense. The original is below so that applause may be given 👏🏻👏🏻 https://medium.com/@citizenbitcoin/a-declaration-of-monetary-independence-4da96af54e62 Leave you signature on the Twitter thread below: https://twitter.com/CitizenBitcoin/status/1251396546333159424

Support the companies that build for a Bitcoin future, and do so knowing the reasons why. Swan Bitcoin is the best place to buy Bitcoin, from true Bitcoiners. https://www.swanbitcoin.com?grsf=yg8ftt Learn more about your ad choices. Visit megaphone.fm/adchoices

If finding out how the banking system is systematically ripping you off doesn't make your angry, then you're already dead.

Had an awesome discussion with Josh of Bottomshelf Bitcoin fame! Going through the incredible theft and engineered fragility of our monetary system. How it induces the boom and bust cycle, builds unsustainable imbalances, fuels irresponsible behavior, rewards those who waste resources, lies to us about our wealth, and manages to have us owing all of our life's work to a banking elite that never earned any of it.

Josh and I have an awesome chat, and you don't want to miss it!🔥

If you haven't heard it yet, Ep. 53 with Carlos from Satoshi's Games is excellent:

A huge thanks to Swan Bitcoin for supporting the Audible of Bitcoin, supporting the education on the principles and philosophy behind Bitcoin, and making it accessible to all! Show some love, and get the best Bitcoin Savings Plan out there! https://www.swanbitcoin.com?grsf=yg8ftt 👈🏻 Learn more about your ad choices. Visit megaphone.fm/adchoices

"As the crypto industry makes progress toward Web 3.0, we’ll come to realize that it’s hard to beat the security and network effects of Bitcoin." - Muneeb Ali Another great article from Bitcoin Magazine, this one by the founder of Blockstack, Muneeb Ali, on the superior security and foundation that Bitcoin can provide to Web 3.0. How its perceived "limitations," may be what makes it the best foundation we could have. It also sparks a long Guy's Rant on the value of on-chain vs off-chain contracts, the doubts on the "tokenization of everything," & why smart contracts are only as good as the token they contract in (not the other way round).

This isn't to be missed. Check out the other great stuff at Bitcoin Magazine that I won't be able to cover, plus the original articlewith links to dig further in at the link below: https://bitcoinmagazine.com/articles/the-king-of-blockchains-bitcoin-can-become-the-foundation-for-web-3-0 Mentioned in the episode for further Rabbit Hole Research: Szabo's "The Dawn of Trustworthy Computing" BitcoinHalving.com 21 Hour Live Stream: https://www.bitcoinhalving.com/

Don't forget to check out Swan Bitcoin! Start your Bitcoin savings plan by clicking here https://www.swanbitcoin.com?grsf=yg8ftt 👈🏻 Learn more about your ad choices. Visit megaphone.fm/adchoices

You are not going to want to miss this incredible piece on exactly how far we have strayed from anything resembling "capitalism," or even the goal of accumulating and growing the capital that improves our lives.

"This is your brain on central banking, regulatory capture, and financialization." - Sacha & Allen Check out the original and hit that clap button excessively on both Allen and Sacha's pages below 👏🏻👏🏻👏🏻 • https://medium.com/@allenfarrington/this-is-not-capitalism-5ed0a9d5dfa9 • https://medium.com/@sachameyers/this-is-not-capitalism-7d5ab7b31f90 Don't forget to check out Swan Bitcoin and start your Bitcoin savings plan by clicking here https://www.swanbitcoin.com?grsf=yg8ftt 👈🏻 Learn more about your ad choices. Visit megaphone.fm/adchoices

"You can't dictate how people should use bitcoin. Bitcoin has certain properties that enable different use cases. The predominant use case will fluctuate over time. Get over it." - Marty Bent

An Important reminder from Uncle Marty: Bitcoin has value because of what it enables. It is the market that will find its highest value purpose, and it will be used in all the ways it will best serve the economy. Neither you nor I, fortunately, get to decide how Bitcoin will be used or valued.

Don't forget to check out Marty's Bent, a daily newsletter with tons of incredible insight and fun ideas: https://tftc.io/martys-bent/

Don't forget to start your Bitcoin savings plan at the link below. The value of a sound digital asset in these uncertain monetary times cannot be overstated. Start your investment in the future today: https://www.swanbitcoin.com?grsf=yg8ftt Learn more about your ad choices. Visit megaphone.fm/adchoices

"All I know is the setup for bitcoin, the hardest form of digital money, could not be better. All manners of trust have evaporated. In order to solve for demand and supply destruction, governments will embark on the greatest fiscal stimulus binge the world has ever seen." - Arthur Hayes The time has come to put our cards on the table and place our bets. Where do you stand?

Check out this article plus tons of other great research on any Bitcoin topic you could dream up at the Bitmex Blog: https://blog.bitmex.com/choose-your-fiction/ Start your Bitcoin Savings Plan at the Swan Bitcoin link below! https://www.swanbitcoin.com?grsf=xngc0c Learn more about your ad choices. Visit megaphone.fm/adchoices

You’re in for a marathon of a meetup today! The Raleigh Bitcoin Crew goes down the rabbit hole with… Infinite money printing Who really runs things? Inflation and the Fed’s Great Scam How trustless money leads to greater trust Price “gouging” or price “discovery”? Monopolies & the Govt Anti-trust laws and predatory pricing The last halving & the Bitcoin price Quantitative Hardening & more!

Don't forget to subscribe and check out the Raleigh Bitcoin Meetup Pod so you don't miss the rabbit holes we travel every week.🔥

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"It is the digital equivalent of your physical bank sending private investigators to follow your every move for days after you withdraw cash at the ATM, and then freezing or confiscating your bank account entirely if that PI comes back with a report that says that “you may have,” with some probability, engaged in controversial actions with that cash." - Giacomo Zucco A great closing the Giacomo's Treatise on Bitcoin and Privacy at Bitcoin Magazine. What are the Red herrings we have to navigate to determine the truth of privacy on Bitcoin, and the many (non)alternatives. Is there a perfect privacy option, or do they all come with numerous costs and explicit trade-offs? Check out the original article over at Bitcoin Magazine, plus the thousands of other great pieces on everything you could ever want to know about Bitcoin and the history of this space: https://bitcoinmagazine.com/articles/a-treatise-on-bitcoin-and-privacy-part-2-dont-be-misled-by-red-herrings

Here is the video thrown together by myself and a few other great Raleigh Bitcoiners, Living on Bitcoin in 2020 - What its REALLY like: https://www.youtube.com/watch?v=cOmUpp3J9Ck Learn more about your ad choices. Visit megaphone.fm/adchoices

"Despite unprecedented fiscal and monetary intervention after the financial crisis, results have been disappointing. The American people do not need accounting tricks or more debt, but true innovation. Thankfully, Bitcoin provides a way forward." - Conner Brown An excellent article found over at the Bitcoin Reserve Journal on how Bitcoin could lead us into an explosion of innovation and efficiency, and has the potential to right so many imbalances and decades of stagnation in the American economy. A new Gold Rush, in the Digital Age. 🔥 Check out the Blog below for a number of other great recent articles: https://journal.bitcoinreserve.com/bitcoin-a-bold-american-future/

Start your Bitcoin Savings Plan at the Swan Bitcoin link below! Added is the link to the Swan Signal podcast to check out a couple of recent great episodes, specifically with today's author Conner Brown and also Marty Bent: https://www.swanbitcoin.com?grsf=xngc0c Swan Signal: https://swansignalpodcast.com/episodes/bitcoin-in-uncertain-times-e3

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"Although I mostly agree with their reasoning and share the enthusiasm for such a free market, I cannot stop being astonished by the naivety of the idea." - Sven Schneiders If a "good" money cannot survive without a helpful and easy environment... then is it even a good money at all? 🤔 Sven makes an excellent case for abandoning the sentiment that we should desire a friendly environment for the one market good which is the bedrock for all other economic activity.

Check out the original and the many other posts on the LimitlessCuriosity.com Blog: https://limitlesscuriosity.com/essays/stop-calling-for-a-free-market-in-money

Choosing your money, is to choose the future you want. If that future has powerful central banks, economic micromanagement by authorities, & third parties in every transaction, then don't buy #Bitcoin. But, if that doesn't sound appealing, you should start your Bitcoin Savings Account. Swan Bitcoin makes that easier than ever: https://www.swanbitcoin.com?grsf=xngc0c

And speaking of the future of The Cryptoconomy... look out for "Bitcoin Audible!" 🔥😉

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“Beware of what I call Pascal's scams: movements or belief systems that ask you to hope for or worry about very improbable outcomes that could have very large positive or negative consequences.” - Nick Szabo Another amazing piece from the Unenumerated blog by Nick Szabo that explains a class of doomsday and utopia predictions he refers to as “Pascal’s Scams.” How it can appear rational to worry or hope for extremely improbable outcomes. We read part 1 & 2 together and then talk about how this perspective could change our view of these crazy times. Don’t miss it. Here are the original blog posts, in addition to the incredible body of work available on the Unenumerated Blog: Part 1: https://unenumerated.blogspot.com/2012/07/pascals-scams.html Part 2: https://unenumerated.blogspot.com/2012/07/pascals-scams-ii.html

Drop the fiat money printer tokens and start saving in sound money? Start your Bitcoin Savings Plan today at SwanBitcoin.com. 🔥 https://www.swanbitcoin.com?grsf=xngc0c Learn more about your ad choices. Visit megaphone.fm/adchoices

"Satoshi Nakamoto created Bitcoin as a tool for privacy. The entire cypherpunk quest, which Satoshi was an active part of and which the Bitcoin experiment is the coronation of, was all about personal and financial privacy." - Giacomo Zucco

A great piece from Giacomo, published with Bitcoin Magazine, on the concepts and origins of privacy behind Bitcoin. Why it's needed, what it means, and all the ways we will secure it. A Treatise on Bitcoin & Privacy Part 1. Let's dive in!

Check out the original and get a head start on Part 2 with the links below: Part 1: https://bitcoinmagazine.com/articles/a-treatise-on-bitcoin-and-privacy-part-1-a-match-made-in-the-whitepaper Part 2: https://bitcoinmagazine.com/articles/a-treatise-on-bitcoin-and-privacy-part-2-dont-be-misled-by-red-herrings

We have a choice about our future, are you securing yours? Start a bitcoin savings account at SwanBitcoin.com for the no hassle solution to a long term Bitcoin Savings Plan. Missing out on the technological revolution of the century is not an option. 🔥 https://www.swanbitcoin.com?grsf=xngc0c

If you want to support the show and hang out with the Cryptoconomy Crew, you can do so over at Patreon.com/thecryptoconomy, or by donating at TheCryptoconomy.com. Support the Audible of the Bitcoin space and share with everyone you know! 10 million Bitcoiners is our target, our mission toward a better future. Learn more about your ad choices. Visit megaphone.fm/adchoices

"A distant digital descendent of zero, the invention of Bitcoin represents the discovery of absolute scarcity for money: an idea as equally unstoppable." - Robert Breedlove

A new piece by Breedlove exploring the discovery and impact of the concept of "zero," both as an abstraction of the nature of the universe, & a numerical tool for better defining and making sense of the world. And how the discovery of absolute scarcity in a monetary system, Bitcoin, will change our current view of the world. Not to be missed.

Check out the original for tons of great links and graphics to help illustrate the underlying ideas: https://medium.com/@breedlove22/the-number-zero-and-bitcoin-4c193336db5b IF you haven't taken the time to solidify your Bitcoin Savings Plan over at SwanBitcoin.com, now is the time! The only way out of our current mess is with sound money, and financial responsibility, Swan Bitcoin is where you'll find both. 👏🏻 https://www.swanbitcoin.com?grsf=xngc0c Learn more about your ad choices. Visit megaphone.fm/adchoices

“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-money Other great works to check out: • What Has Government Done to Our Money [Murray Rothbard] https://mises.org/library/what-has-government-done-our-money • The Philosophy of Money [Georg Simmel] https://www.goodreads.com/book/show/243473.The_Philosophy_of_Money Don't forget to Start your Bitcoin Savings Plan over at SwanBitcoin.com! The only way out of this is with sound money, and financial responsibility, Swan Bitcoin is where you get both in one. 👏🏻 https://www.swanbitcoin.com?grsf=xngc0c And lastly don't forget you can be a member of the Cryptoconomy Crew by donating on the website (bottom of the page) or becoming a patron at Patreon.com/thecryptoconomy and help support the Audible of the Bitcoin space! Learn more about your ad choices. Visit megaphone.fm/adchoices

"One of the biggest lies in recent times is that inflation is good and necessary for a healthy economy." - Mcfloogle

It was once understood that money was owned by the individual. Merely an extension of the value created in the past, the soundness of money could not be disconnected from the very right to life and property itself. A short but excellent blog post on this nature, and the consequences when it is lost to our society.

Check out mcfloogle.com to check out the other great blog posts as well as the Rollo & Slappy podcast! https://www.mcfloogle.com/2020/03/12/bitcoin-fulfills-the-promise-that-money-is-owned-by-everyone/

Support our awesome sponsor who makes this show possible! SwanBitcoin.com, the best place in the world to start stacking sats. Auto DCA your Bitcoin savings and stack every week, paycheck, or month.👏🏻

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The team over at Kraken just dropped a fascinating report on “The Great Wealth Transfer” and what it means for Bitcoin. How, even holding all other things constant, we could see on the order of $1 Trillion move into the Bitcoin ecosystem. We bring Pete Rizzo on the show to talk all about it. Follow Pete Rizzo below and check out the Kraken blog for more interesting research and posts on the Bitcoin ecosystem: https://twitter.com/pete_rizzo_ https://blog.kraken.com/

Read the full report for the many amazing details, charts and metrics pulled together for establishing the argument. https://blog.kraken.com/post/4313/how-the-great-wealth-transfer-could-give-bitcoin-a-1-trillion-boost/

A huge thanks to Swan Bitcoin for making it easy as 💩to auto-stack your sats! The best place to get your share of the 21 million, without having to stress about the price. SwanBitcoin.com!

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"It was a plea to all those that valued the fight for liberty and freedom. Outnumbered ten-to-one, Travis responded to a demand for surrender with a cannon shot." - Parker Lewis

The 13th installment in the excellent Gradually, Then Suddenly series, from Parker Lewis and the Unchained Capital team. Bitcoin is a Rally Cry. https://unchained-capital.com/blog/bitcoin-is-a-rally-cry/

There is no better time to start responsibly saving in Bitcoin than these volatile and uncertain times. And the best, and simplest way to do that is with SwanBitcoin.com! https://www.swanbitcoin.com?grsf=fijswv

Other works you must explore: Ethics of Money Production The Road to Serfdom The Use of Knowledge in Society [part 1] The Use of Knowledge in Society [part 2] Bitcoin Does Not Waste Energy Learn more about your ad choices. Visit megaphone.fm/adchoices

"The Federal Reserve’s market operations are ramping up by the day, and it’s using more tools simultaneously to “fix” markets than ever before. So what are these tools and how is the Fed using them?" - Colin Harper Wondering what is happening in the hurricane that is finance and finding it difficult to piece together all of the puzzle. You aren't alone. Colin Harper has a great new addition to Bitcoin Magazine to help make sense of all the jargon of Repo markets, interest rates, zero reserve, QE4 to infinity, and the rest. Don't miss it!

Link to the original article: https://bitcoinmagazine.com/articles/zero-interest-limitless-repo-and-qe4-the-federal-reserves-market-operations-explained

Don't forget that SwanBitcoin.com is now live! Start stacking your sats now! Set a weekly, every paycheck, or every month purchase and even auto-withdrawal to your own keys! With Swan Bitcoin you'll never have to wonder again if you are stacking for the future, set it once and forget it.

Other great content I've enjoyed recently to dig further: • Tales from the Crypt with Charles Marohn: https://open.spotify.com/episode/3VE9cgPq32Ynd78rYDvfeA • Swan Signal with Parker Lewis & Giacomo Zucco: https://citizenbitcoin.world/episodes/giacomo-zucco-and-parker-lewis-on-swan-signal-live-By5ZBPnv • Hayek's Use of Knowledge in Society: Part 1: https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_250---Use-of-Knowledge-in-Society-Part-1---F--A--Hayek-e43pfj Part 2: https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_251---Use-of-Knowledge-in-Society-Part-2---F--A--Hayek-e444k0 • On The Brink: https://podcasts.apple.com/us/podcast/jurrien-timmer-fidelity-on-the-global-macro-landscape-ep-58/id1480586463?i=1000469486863 Learn more about your ad choices. Visit megaphone.fm/adchoices

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!

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"I didn’t believe it when I first heard people saying that most crypto projects will fail. Boy was I wrong." - @Vanalli

Take it from someone who has seen "Crypto" from the inside, searching for something of value, and coming up short. An excellent write up of an honest, unapologetic look at the sea of crypto crap, utility tokens, and pointless blockchain projects. A clear demonstration of the "Everyone's a Scammer" rule in the Bitcoin space, Vanalli tells us what it was like working in Crypto for 2 years, and why he had to finally take the exit.

Dropped some applause for Matt at the original link below! I Worked Full Time in Crypto for 2 Years, and Didn't Like What I Saw

A huge thanks to Swan Bitcoin, the best Bitcoin savings service out there, for supporting the Audible of the Bitcoin space! If you would like to support the show as well and hang out with the Crew in the Cryptoconomy Telegram, consider becoming a patron at: patreon.com/thecryptoconomy Learn more about your ad choices. Visit megaphone.fm/adchoices

"Make no mistake: the EARN IT Act is a vehicle to undermine end-to-end encryption." - Elliot Harmon

A very important episode on a topic that people need to be aware of. There is a bill in Congress, one of the continuous attempts for the past 25 or so years, that will create enormous collateral damage to our freedom of speech, and privacy online. Not to mention putting the many abuses of surveillances capitalism on steroids. An excellent article from the EFF breaks it all down.

"The price of liberty is eternal vigilance." - Thomas Jefferson

Please take just a moment and visit the original article to send a message to your representative. Ot might not make an enormous difference, but what do they do if they hear from no one? Support the EFF for fighting the good fight for online security and free speech! https://www.eff.org/deeplinks/2020/03/graham-blumenthal-bill-attack-online-speech-and-security Take Action: https://act.eff.org/action/protect-our-speech-and-security-online-reject-the-graham-blumenthal-bill

Another great article from BitcoinMagazine giving more insight into the problem written by Dave Hollerith: https://bitcoinmagazine.com/articles/earn-it-the-us-anti-encryption-bill-that-threatens-private-speech-online Swan Bitcoin is almost live! They are the best place to DCA your sat stacking! A Bitcoin-only company built by true Bitcoiners. You'll get $5 free sats by using the referral below as well as sending $5 to the show! https://www.swanbitcoin.com?grsf=fijswv

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"Keeping the Bitcoin network private can be thought of as an act of unity by Bitcoiners in America to help keep the network useful for Bitcoiners in Venezuela and Hong Kong — indeed, around the world." - Sasha Hodder & Rafael Yakobi An article from Bitcoin Magazine diving into the difficult and often onerous regulations around money transmission and the consequences for both the entire industry, and the dangers it presents for individual privacy. An excellent op-ed from Sasha Hodder, and Rafael Yakobi.

Link to the original article on BitcoinMagazine.com: https://bitcoinmagazine.com/articles/bitcoin-fungibility-mixing-and-the-legal-limits-on-maintaining-privacy

Mentioned in the commentary to explore the ideas further: https://www.youtube.com/watch?v=msQ_khFmKtU A huge thanks to both Swan Bitcoin, the best place for an easy DCA bitcoin savings plan, and the LTB Network for supporting the Audible of the Bitcoin space. Learn more about your ad choices. Visit megaphone.fm/adchoices

"Every single co in the industry invested badly at the same time... every single competitor made the exact same mistake, in the same direction." - Caitlin Long

If you missed the epic Twitter Thread from Caitlin Long on the state of the global financial markets, and how we managed to find ourselves in such a disastrous, then worry no longer. Now Audible, followed by Guy's commentary on the concepts she outlines, her excellent episode on Pompliano's show, and on the fundamental economics that had gone awry to bring us to this ultimate end.

Link to the original thread below: https://twitter.com/CaitlinLong_/status/1238915150368792576

Don't forget to follow Caitlin on Twitter as well as Avanti Bank & Trust so you don't miss the incredible work toward building a foundation to replace the old, broken system: https://twitter.com/AvantiBT

Check out the episode with Pomp to hear her expand on these ideas: https://open.spotify.com/episode/2SHS4ZaPoBRK3tYuxRS56U

Previous reads mentioned in the commentary that will help shine a light on the fundamental economics being violated by our central banking system.

A huge thank you to Swan Bitcoin ❤️for supporting the Audible of the Bitcoin space! Learn more about your ad choices. Visit megaphone.fm/adchoices

What happens when you get Swan Signal hosting a conversation with Brady Swenson, myself, DerGigi, Yan Pritzker, Friar Hass, John Vallis, & Cory Klippsten on the state of the legacy & Bitcoin markets, corona virus, remote work, education, the halving, and where we might go from here? This episode is what happens. A great chat you don't want to miss!

Check out Swan Signal for other great Bitcoin focused content! https://www.swanbitcoin.com/signal

@CitizenBitcoin @dergigi @FriarHass @johnkvallis @skwp @coryklippsten Learn more about your ad choices. Visit megaphone.fm/adchoices

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 Learn more about your ad choices. Visit megaphone.fm/adchoices

"Not too many years from now, the number of Bitcoiners in the United States of America will cross ten million. When we hit that milestone, it’s game over: Bitcoin wins..." - Cory Klippsten

Diving into our first read from the Swan Bitcoin blog by their CEO Cory Klippsten, we explore the simple, but powerful idea of the Intransigent Minority. Laid out in Nassim Taleb's book "Skin in the Game" the intransigent minority is the target for the number of Bitcoiners that would be needed to reach the point of no return. What might that number be, and how do we get there? Listen to a short, fun read on building the intransigent minority.

This episode is actually sponsored by none other than Swan Bitcoin! (fyi, this was already in my reading list & they didn't know 😆) If you want to show thanks for their support of the Audible of the Bitcoin space, plus get $5 free of the hardest money on earth, use my referral link to sign up at SwanBitcoin.com! Show them that Swann comes with 2 n's baby! https://www.swanbitcoin.com?grsf=fijswv Learn more about your ad choices. Visit megaphone.fm/adchoices

"We, Bitcoiners, are all dissidents in the Old World of trusted third parties. [...] Laws of nature that are higher than man-made laws, being enforced by mathematics, have begun to reorganize a society." - Nozomi Hayase

Bitcoin isn't merely a new money, it's a radical departure from the systems of trust. It founds a new system where incentives align in a beautiful design to enforce cooperation through the independent self-interest of opposing parties. As a technology of dissent, it doesn't allow us merely to protest the old system's of control, but instead gives us an avenue to opt out altogether.

Bitcoin Is The Technology Of Dissent That Secures Individual Liberties: https://bitcoinmagazine.com/articles/bitcoin-is-the-technology-of-dissent-that-secures-individual-liberties

Check out the other work produced by Nozomi, and follow her on social media: https://bitcoinmagazine.com/authors/nozomi-hayase

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“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/ Learn more about your ad choices. Visit megaphone.fm/adchoices

1 • Why has the Corona Virus been upgraded from a significant healthcare problem, to a global economic catastrophe? 2 • What would be Guy's strategy as a Destroyer of Economies? 3 • Bitcoin Fixes this

What I hope to be a fun Guy's rant on why Corona is a huge problem not because of the virus itself, but because of a terribly unprepared economy, and how I might go about laying the groundwork for any natural disaster to cause the most damage and lay waste to as much economic activity as possible. Find out how in today's Guy's Take.

Francisco D'Anconia's Money Speech from Atlas Shrugged: https://www.youtube.com/watch?v=u-T0ey0IKDA

Don't forget to get your Bitcoin2020 Tickets! See you guys at the biggest Bitcoin conference of the year! Bitcoin2020conference.com

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"devising a scheme that handles both messaging and payments under one roof could be a killer app" - Colin Harper

As part of Bitcoin Magazine's excellent set of articles on "The Technology of Dissent," we get a great piece by Colin Harper on the state of encrypted messaging over the Lightning Network. With both Shpinx and Whatsat using separate mechanisms for establishing a private, censorship resistant, decentralized messaging platform, could the combination of encrypted messaging and payments be a killer app for Lightning? Listen to today's episode to find out!

The original article here! https://bitcoinmagazine.com/articles/how-the-lighting-network-could-improve-encrypted-messaging

The other great recent selection from Bitcoin Magazine: https://bitcoinmagazine.com/issue/bitcoin-through-dissident-technology

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"To fully understand any organism, we must not only look at the organism itself, but examine the organism-environment holistically." - Gigi

If Bitcoin is a new organism, then where exactly does it live? Is it in cyberspace, the human realm, in financial markets and value… or all 3? Find out in Gigi’s excellent new piece on the Habitats of Bitcoin. Bitcoin Habitats by @Dergigi: https://medium.com/@dergigi/bitcoins-habitats-9ce3064bd3a7

Recommended Further Reading: Proof of Life - Why Bitcoin is a Living Organism by Gigi 🎧• https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_285---Proof-of-Life-dergigi-e51lt1 The Sovereign Individual by James Dale Davidson and William Rees-Mogg 🎧• https://www.audible.com/pd/The-Sovereign-Individual-Audiobook/1797103385?qid=1583275273&sr=1-1&ref=a_search_c3_lProduct_1_1&pf_rd_p=e81b7c27-6880-467a-b5a7-13cef5d729fe&pf_rd_r=3VY4T21FG3XNYQ1RGENK

Become a patron below to support the project of making all the best in Bitcoin Audible! Plus get access to the Cryptoconomy Telegram and hang out with a bunch of veteran Bitcoiners! patreon.com/thecryptoconomy

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The Sovereign Individual: How to Survive and Thrive During the Collapse of the Welfare State

"A volatile currency for volatile times" - Timour Azhari

When the banks become the volatile alternative, when your rights and control over what's in "your" bank account are a fleeting daydream, when the banks abuse your trust, take your money, and then try to sell it back to you; a volatile, independent, decentralized digital money, becomes that very thing that "puts your mind at ease." Everything is relative, and the world is an increasingly volatile place. Don't miss this one!

Link to the original article by Timour, plus don't forget to check out the author on Twitter for more great stuff like this one! https://www.aljazeera.com/ajimpact/distrust-lebanese-banks-spurs-bitcoin-boom-200224202742678.html

And you can also support the show by purchasing it on Audible.com in the full unabridged, uninterrupted audiobook! https://www.audible.com/pd/Bitcoin-Audiobook/B083SMKYVC?qid=1583178204&sr=1-1&ref=a_search_c3_lProduct_1_1&pf_rd_p=e81b7c27-6880-467a-b5a7-13cef5d729fe&pf_rd_r=T0P5FPPGE8JX6NMPH5YX

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Microsoft has a history of funding and developing with open source systems, and has started a new project called ION, trying to make a universal, decentralized system secured by Bitcoin, for managing and proving identities available to the globe. What are the goals and mindset behind this project, and how is Microsoft planning for its future, and the future of the Bitcoin ecosystem? Find out in today's article by Colin Harper discussing the ION system with Daniel Buchner, the project lead!

Another of the constantly amazing content available thanks to the team at Bitcoin Magazine! Check out Colin's previous article getting into details of how the ION system will work. https://bitcoinmagazine.com/articles/microsoft-building-id-verification-platform-bitcoin

A huge thanks to the LTB Network for partnering with the show and helping to get the Audible of Bitcoin to everyone! https://letstalkbitcoin.com/

Support the show by becoming a patron and get access to the Cryptoconomy Telegram Crew! patreon.com/thecryptconomy Learn more about your ad choices. Visit megaphone.fm/adchoices

Is the blockchain a critical tool that creates the power behind Bitcoin, or is it a wasteful and unavoidable byproduct, an exhaust, of the system that secures the most sound money in the world?

This was a fascinating Twitter thread by Udi Wertheimer that explores what I find to be an interesting perspective on the role that "the blockchain" plays in the Bitcoin network. With added input and contrarian opinions from Eric Wall, Meni Rosenfeld, Adam Back, & Justin Moon, we take a short episode to expand on a unique idea.

The Original Thread: https://twitter.com/udiWertheimer/status/1087142827346354177 https://twitter.com/adam3us/status/1087315014812348417?s=20 https://twitter.com/MeniRosenfeld/status/1087663298944864256?s=20

Help keep the project alive by becoming a patron! Plus join the Cryptoconomy Telelgram Crew! patreon.com/thecryptoconomy thecryptoconomy.com Learn more about your ad choices. Visit megaphone.fm/adchoices

"If you ask me how much trust is right for the Lightning economy, the answer will always be less." - Roy Sheinfeld

Today we dig into the recently implemented reverse submarine swaps in the breez lightning service. One of the many tools we have for both mitigating, and also building trust in the new economy. How exactly do submarine swaps work, what's a HODL invoice, what might they mean for the future of Lightning, and how is Breez using them? All this any more in today's article by Roy Sheinfeld!

Check out the original below and be sure to drop some claps over at Medium: https://medium.com/breez-technology/reverse-submarine-swaps-another-step-towards-a-p2p-lightning-economy-bacb040fdca7

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Today I get hyped with ck_SNARKs of BTCMedia and have the opportunity to pick his brain for all the exciting stuff happening at the Bitcoin2020 conference in San Fran! With only a month left its time to get serious about it. Stay to the end if you want to hear how you might save some sats on your tickets!

Follow CK on Twitter so you don't miss the announcements and incredible things happening with the BTCMedia gang! https://twitter.com/ck_SNARKs

Don't forget to check out the episodes with BitcoinTINA for "How to Think About Investing in Bitcoin" Part 1: https://podcasts.apple.com/us/podcast/bitcoin-magazine/id1459884105?i=1000464887385 Part 2: https://podcasts.apple.com/us/podcast/bitcoin-magazine/id1459884105?i=1000465558525 Part 3: https://podcasts.apple.com/us/podcast/bitcoin-magazine/id1459884105?i=1000466261125

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"By design, Bitcoin exists beyond governments. [...] The architecture of bitcoin is practically purpose-built to resist and immunize any attempts by governments to ban it." - @parkeralewis

The next in the Gradually, Then Suddenly series not to be missed. Governments will not ban Bitcoin until it's apparent that it actually presents a threat to their own currencies, when that happens and under that pretense, they will face the ultimate Prisoner's Dilemma, & the only winning move is to play.

Link to the original article at Unchained Capital along with the rest in this incredible series by Parker Lewis! https://unchained-capital.com/blog/bitcoin-cannot-be-banned/

Don't forget to subscribe and support the Audible of the Bitcoin space! You can do so through tippin.me on Twitter, or becoming a patron below! patreon.com/thecryptoconomy Learn more about your ad choices. Visit megaphone.fm/adchoices

"Decentralization has [...] been a vessel for achieving a concession from a centralized body it is protesting. Every decentralization play has followed a simple pattern: protest a market inefficiency, win that protest via a major concession, and then disappear back to fringes of society." - Brandon Arvanaghi What can we learn from the history of decentralized protocols and the huge battles of history during the disruption of the internet, versus the corporate and media giants of the day? Does it spell doom for Bitcoin and decentralized systems as the central banks & financial giants concede to give control back to the customer? Or is there something else entirely at play? Don't miss this great read and then Guy's Take on how Decentralization Dies! Don't forget to drop some applause on the original article and follow Brandon on twitter for more insights like this one! https://medium.com/@brandonarvanaghi/how-decentralization-dies-the-killer-concessions-86dd1ca86da3 https://twitter.com/arvanaghi

A huge thank you to all of my patrons for contributing to this project and helping to promote this show! I couldn't do it without you. A special thanks to SovereignFinancials for such a generous donation!

Join the crew and become a patron at Patreon.com/thecryptoconomy

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"Bitcoin is a movement founded on individual monetary sovereignty, transparency and peer-to-peer auditability enabled by a breakthrough in technology. [...] The technology to provide auditability and transparency for bitcoin held in custody has been inherent to the protocol from its inception. However, the industry has been slow to incorporate" -Mauricio Di Bartolomeo

Bitcoin, as a new asset class, provides us with one of the most powerful tools for financial security in a custodial context: cryptographic proofs of reserve. We would be foolish to not make use of it. Let us not repeat the mistakes of the past.

Another great piece from Bitcoin Magazine to shine light on a critical issue for a future with sustainable sound money. Don't miss the short article and Guy's take to follow! Link to the original below: https://bitcoinmagazine.com/articles/why-proof-of-reserves-is-important-to-bitcoin

A huge thanks to the LTBNetwork. Don't forget to check out the tons of other great shows on their platform!

Other's mentioned in the show: 2019 Saw the Most Exchange Hacks Ever: https://bitcoinmagazine.com/articles/2019-saw-most-exchange-attacks-ever-with-hackers-becoming-more-savvy Nic Carter's Tweets on PoR https://twitter.com/nic__carter/status/1229599601440829440?s=20

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I had an awesome time the other day with Daniel Prince on the new Once BITten Podcast. Diving into some of my own personal history with Bitcoin, what led me here, and the major changes I think we will see in the world over the next couple of decades. This was a really fun conversation and I think you guys will enjoy it. I was Once BITten, & here's my story.

Don't forget to check out Daniel's new podcast, and the episode we mentioned where he spoke with Bruce about the best podcasts in the space, and the always bullish and existential DerGigi! Learn more about your ad choices. Visit megaphone.fm/adchoices

"Unless you began your Austrian economic education at birth in some unknown Austrian paradise, on this planet at this particular time in human history, I think we can safely say we’re all Keynesians by default." - Brady Swenson @citizenbitcoin Today we read a great little piece on how our economic understandings have become so skewed, why the default has become one of centralized, top down control over money, and how Bitcoin is set to right the world of our economic foundations. We've got a fun rant after this one too, so don't miss it!

Check out the original article and drop some major applause. Don't forget to follow Brady on Twitter and check out his show as well! https://medium.com/@citizenbitcoin/were-all-default-keynesians-now-and-how-bitcoin-is-changing-that-886ed2096b76

Get your "Default Keynesian" shirt here: https://layeronebtc.com/collections/citizen-bitcoin-podcast/products/default-keynesian-short-sleeve-unisex-t-shirt

Saif's Beginner's Guide to Austrian Econ: https://saifedean.com/2018/07/22/a-beginners-guide-to-austrian-economics/

Stephan Livera's Intro to Bitcoin Austrian Thought: https://stephanlivera.com/episode/71/

And the huge collection of works at Gigi's Bitcoin Resources: https://bitcoin-resources.com/

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"The Lightning Network is best known for its fast and cheap payments. But the Layer 2 protocol could also offer more privacy than on-chain payments [...] the developer thinks that “self-payments” could be an important part of the privacy puzzle." - Aaron Van Wirdum Despite its focus on payments and scaling the Bitcoin system, Lightning may have incredible potential for privacy opportunities and improvements. Pseudonymous developer ZmnSCPxj has been detailing and expanding on these concepts in recent months, and who better to lay it all out for us than BitcoinMagazine, and Aaron Van Wirdum? Don't miss today's article on a new trick of payment privacy for Lightning...

Paying Yourself? Self-Payments Could Be a Key to Lightning Privacy https://bitcoinmagazine.com/articles/paying-yourself-self-payments-could-be-a-key-to-lightning-privacy A big thanks to Bitcoin Magazine and the Let's Talk Bitcoin Network for making this content available! Learn more about your ad choices. Visit megaphone.fm/adchoices

"Not everyone understands what a pyramid scheme actually is, what the warning signs may be, or why such schemes always fail [...] The distinctions should be glaringly obvious, but because bitcoin is complex and the very idea of money is not well understood, it can easily be confused." - Parker Lewis

Today we are diving back into the Gradually, Then Suddenly series from Unchained Capital with an excellent breakdown of what Bitcoin is, and what it isn't. Starting with the both obvious, yet not so obvious truth, that it is certainly not a pyramid scheme! Don't miss another incredible installments by Parker Lewis. Original Article and the rest of the series below: https://unchained-capital.com/blog/bitcoin-is-not-a-pyramid-scheme/

If you'd like to support this show and become a patron, click the link below! www.patreon.com/thecryptoconomy

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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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"For the better part of the last decade, the combination of these two practices has given rise to an increasing number of SIM swap attacks ending in the theft of bitcoin and other cryptocurrencies." - David Hollerith

Another piece from BitcoinMagazine.com, this one by author and podcast host David Hollerith, that breaks down the risks and details of SIM swap attacks and how you may be vulnerable to losing your bitcoins, simply by revealing your phone number. Don't miss this piece detailing out the attack, and listing out the Do's and Don'ts of Bitcoin security.

Check out the original plus a ton of other great recent articles over at BitocinMagazine.com: https://bitcoinmagazine.com/articles/the-rise-of-sim-swapping-how-and-why-bitcoiners-need-to-protect-themselves

Also recommended is Michael Perklin's article to go along with this one: https://bitcoinmagazine.com/articles/keep-your-bitcoin-safe-by-making-security-a-habit

I also mentioned Jameson Lopp's extreme testing of the bitcoin steel wallets, a great read below: Part 1: https://blog.lopp.net/metal-bitcoin-seed-storage-stress-test/ Part 2: https://blog.lopp.net/metal-bitcoin-seed-storage-stress-test--part-ii-/

And don't forget to subscribe and share this show with everyone you know in Bitcoin. If you would like to join the Telegram group, become a patron below! www.patreon.com/thecryptoconomy

Lastly, a big thank you to Dave, Bitcoin Magazine, and the LTBNetwork for the incredible work and spreading the show!

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"we have nearly 11 years of empirical evidence that the network itself has been holding and transacting bitcoin, but instead of with private key signatures, it’s in exchange for hashed electricity." - Phil Geiger

Framing the scarcity of Bitcoin at first seems obvious, but with a closer look, is far more difficult than it would seem. Does the supply actually inflate at all? Does the market price in all future halvings? Do the Bitcoin exist when they are mined, or do they exist today, sold to the miners in exchange for hashes? Phil presents a very interesting perspective and way of framing the supply of Bitcoin, in this great piece from the Unchained Capital Blog.

Check out the original below, and don't forget to follow Phil on Twitter: https://unchained-capital.com/blog/all-21-million-bitcoin-already-exist/

Support the audio for all things Bitcoin by becoming a patron below! patreon.com/thecryptoconomy

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An exciting development form the extraordinary team over at Zap and the Mallers Fam! The seed of the infrastructure inversion has landed, and its' called Strike!

Don't miss the details on this incredible development and join the beta if you want to test out and provide feedback for this product over at strike.zaphq.io. This is a project to keep a very close eye on. Follow @jackmallers on Twitter so you don't miss the revolution ;)

Drop some hella applause on the article below: https://medium.com/@JimmyMow/announcing-strike-by-zap-4f578c7c8984

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"What’s noteworthy about this point is that, upon this particular halving, Bitcoin “inflating” at a roughly 1.8 percent rate annually will nominally — and by then, quite possibly in real terms — be “inflating” at a rate lower than both the Federal Reserve target of 2 percent per year and current, CPI-based estimates of real U.S. inflation of 1.9 percent annually." - Peter C Earle

Another great piece from Bitcoin Magazine written by Peter C. Earle, detailing the reasons why this next halving will make Bitcoin a true contender in the world of monetary policy. In a very short span, Bitcoin will become the most scarce & strictly defined financial asset on Earth... are you ready?

Check out the original article and follow Peter at the links below: https://bitcoinmagazine.com/articles/the-kindest-cut-why-the-2020-bitcoin-halvening-is-the-most-important-yet https://twitter.com/L1KNB

Other episodes & links to dive deeper into the discussion from the show: • Stop Calling Bitcoin Deflationary [Conner Brown] • Bitcoin Obsoletes All Other Money [Parker Lewis] • Efficient Markets & Bitcoin's Stock-to-Flow [PlanB] • Guy's Take 26 - The Halving Is Not Priced In • Article - The Illusions of Hedonics [Antony P. Mueller] https://mises.org/library/illusions-hedonics Learn more about your ad choices. Visit megaphone.fm/adchoices

"Money is an intersubjective problem, and a choice to opt into one monetary medium is an explicit opt out of the other, which in turn causes one network to gain value (and utility) at the direct expense of another." - Parker Lewis

Skipping around a little bit in the "Gradually, Then Suddenly" series, we read the most recent (#12) published on the Unchained Capital Blog. No, Bitcoin isn't a startup. No, there will not be many currencies. No, you can't create an alternative that doesn't compete with Bitcoin's monetary properties. The very problem of money is one of intersubjectivity, which can only be solved through convergence on a single monetary medium. Bitcoin.

Listen to this excellent installment from Parker Lewis and the Unchained Team. "Bitcoin Obsoletes All Other Money." https://unchained-capital.com/blog/bitcoin-obsoletes-all-other-money/

To check out the rest of the audio collection for the Unchained Blog, check out the site: https://thecryptoconomy.com/collections-new/

Also mentioned on the show was Nick Szabo's excellent piece, "Money, Blockchains, & Social Scalability."

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As a follow up to Nic Carter's excellent breakdown of the efficient market hypothesis, and PlanB's piece addressing the market's evaluation of the risks in Bitcoin, I go through the reasons I feel the market both is very unwilling and unconfident about the consequences of the halving, and therefore sees it not as "known information," but more a blind gamble.

For diving deeper into the many topics and works that I brought up, here are the links of all those I remembered: • Nic Carter's "Introduction to the Efficient Market Hypothesis" • PlanB's "Efficient Markets and Bitcoin's Stock-to-Flow" • Hayek's "Use of Knowledge in Society" [Part 1 & 2] • Parker Lewis's "Bitcoin is Not Backed by Nothing" • Hoppe's "Yield From Money Held Reconsidered" • Conner Brown's "Bitcoin Has No Intrinsic Value, & That's Great!"

Don't forget to grab your tickets to BitBlockBoom and use the offer code CC for a 30% discount! https://bitblockboom.com/

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"A first reaction could be that it is a great investment opportunity. A better reaction (from an EMH and non arbitrage point of view) would be that it is too good to be true." - PlanB

If the efficient market hypothesis requires that known events be priced in, then how could the S2F be a model for Bitcoin's price? When such an obvious and unchanging piece of information is available, shouldn't the market price it in? Continuing with the foundation laid from yesterday's article, we read Plan B's piece on what a risk & return model might tell us about the market's pricing of Bitcoin ahead of the halving.

Drop some applause on the original article at the link below and don't forget to follow @100TrillionUSD (PlanB) if you haven't already! https://medium.com/@100trillionUSD/efficient-market-hypothesis-and-bitcoin-stock-to-flow-model-db17f40e6107

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"So is the halving “priced in” or will it be a catalyst for appreciation? [...] I consider it patently absurd that a change in issuance would have been overlooked by the price-setting entities." - Nic Carter

You are definitely gonna want to hear Nic's incredibly thorough argument as to why in this article! Breaking down the EMH, its origins, the many different iterations of the concept, & how best to frame it in the context of a real world market; Nic gives us another excellent work that is a must listen for all Bitcoiners.

Don't forget to drop some applause on the original article below, and follow Nic on Twitter! https://medium.com/@nic__carter/an-introduction-to-the-efficient-market-hypothesis-for-bitcoiners-ed7e90be7c0d Learn more about your ad choices. Visit megaphone.fm/adchoices

"Because of their digital nature, many people still object to bitcoin, refuse to take it seriously or consider it altogether too scary. [...] It’s the perfect combination of the advantages from the analog as well as the digital world." - Pascal Hugli

Don't miss another great article from Bitcoin Magazine on the incredible change that the digital world is unleashing on our society and where we may find a drop of truth in an ocean of uncertainty. Check out the full article plus tons of other great reads at the links below. https://bitcoinmagazine.com/articles/bitcoin-and-the-primacy-of-the-digital-world

Don't forget to follow the author and BitcoinMagazine on Twitter for the very best bitcoin content! https://twitter.com/pahueg https://twitter.com/BitcoinMagazine

A special thanks to both the LTB Network for sharing this out among some of the best podcasts in the space & of course my lovely patrons who support turning all of the best works in Bitcoin into the audio versions they deserve! www.patreon.com/thecryptoconomy

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"Not since the gunpowder revolution were ordinary men & women able to stand up to those who chose to oppress or rule them unjustly. Only this time, it can be done in a non-violent method, whereby one can peacefully opt out" - Aleks Svetski

Today we read the epic conclusion to our walk through The Bitcoin Times Ed 2 with a piece from the founder, Aleks Svetski, "The Rise of the Individual." For the revolutionaries, the visionaries, and the dissidents, this article is not to be missed.

Drop some applause on this and all the excellent articles made available in The Bitcoin Times publication. Visit the Medium page below to show your appreciation! https://medium.com/the-bitcoin-times/the-rise-of-the-individual-ba286eb6951f https://medium.com/the-bitcoin-times Learn more about your ad choices. Visit megaphone.fm/adchoices

"Unlike Paypal, Venmo, or traditional payment processors, it cannot deplatform you for wrongthink, holding subversive political views, being a sex worker, or legally selling cannabis. Ours is the biggest possible tent. Don’t be distracted by the online discourse. Bitcoin is utterly indifferent to the political views of its users." - Nic Carter

Getting close to finishing the amazing collection of articles in The Bitcoin Times Ed 2, and today we need another great one, by returning author Nic Carter, titled - The Cat is Out of the Bag. This one is not to be missed.

Check out and drop some applause on this piece by following the link below. Follow Nic Carter, TimelessBitcoin, & Alek Svetski on Twitter for more work like this! https://medium.com/the-bitcoin-times/the-cat-is-out-of-the-bag-fc1344c46bc1

And of course if you'd like to support the show as well as join in the fun over in the Cryptoconomy Telegram Group, become a Patron! patreon.com/thecryptoconomy

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"It is therefore a universal truth that all work has a measurable cost of energy transformation due to the very nature of the universe, and the laws of thermodynamics. It is with these laws that we underpin Bitcoin’s Proof-of-Work." - Rory Highside

Don't miss the next piece in The Bitcoin Times 2nd Ed about how the Bitcoin system is both constrained and forces cooperation by leveraging the fundamental laws of the universe!

Check out and drop some applause on this piece by following the link below, don't forget to follow Rory and TimelessBitcoin on Twitter for more work like this! https://medium.com/the-bitcoin-times/proof-of-work-the-fundamental-laws-of-physics-and-nature-33d95167c57a Learn more about your ad choices. Visit megaphone.fm/adchoices

"Prices are the coordinating force of a free market system. Each individual decision-maker can rely on the prices of goods and services to help with their decision making, as the prices themselves are a distillation of all known market information into a single metric." - Dan Held

This is one of those articles that just explores the emergent brilliance of the free market system & easily got me into a near 40 minute rant afterward. Prices are not arbitrary, and a market price is quite possibly the most information dense piece of actionable data you can find anywhere. Learn all about it, in this piece from The Bitcoin Times Ed 2, "The Information Theory of Money."

Below are the links to follow Dan Held for more great work, drop some applause on this article, and follow @timelessbitcoin so you don't miss anything from this publication: https://twitter.com/danheld https://medium.com/the-bitcoin-times/information-theory-of-money-36247aebdfe1 https://twitter.com/TimelessBitcoin Things you must also listen to because I told you to!

• Hayek's "Use of Knowledge in Society" Part 1 Part 2 • Leonard Reed's "I, Pencil"

• TEDtalk "How I Built a Toaster... from Scratch" https://www.ted.com/talks/thomas_thwaites_how_i_built_a_toaster_from_scratch#t-12942

If you are enjoying the show & would like to support my work in turning all of the most fascinating and profound works in the Bitcoin space into the audio versions they deserve, become a patron! Not to mention you will get access to the Crpytoconomy Telegram Crew where we hang out and worship the Light of Nakamoto! XD www.patreon.com/thecryptoconomy

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“Gold, the ancient and prevailing monetary sovereignty layer (representing an unmanipulable money supply), and the internet, the ultimate engine of exchange (representing global interconnectivity or liquidity). By combining and building upon the economic properties of both, Bitcoin is a momentous monetary innovation that has achieved the divisibility, portability, durability, and recognizability of pure information infused with the absolute scarcity of time.” - Robert Breedlove Don’t miss the continuing journey through The Bitcoin Times 2nd Ed, with Breedlove’s excellent piece, “Bitcoin & the Tyranny of Time Scarcity” Drop some applause on this article by following the link below, and don’t forget to check out @timelessBitcoin and @breedlove22 on Twitter for more work like this one. https://medium.com/the-bitcoin-times/bitcoin-and-the-tyranny-of-time-scarcity-1d1550dfd8b0

Other works discussed in the commentary:

• Knut Svanholm's "Sovereignty Through Mathematics" • Parker Lewis's "Bitcoin Can't Be Copied" • Hayek's "Use of Knowledge in Society"

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Diving into the many incredible works made available in The Bitcoin Times Ed 2! Today we read Gigi's great piece "Bitcoin's Eternal Struggle" on the intricate dance between that which is built in randomness & entropy, and that which is created with complete unambiguity, with strict universal validation. This week is not to be missed.

Check out and drop some applause on the original at the link below. Don't forget to follow Gigi, and TimelessBitcoin on Twitter so you don't miss the incredible work made available for everyone. https://medium.com/the-bitcoin-times/bitcoins-eternal-struggle-2c197f1bafd8 https://sites.google.com/getamber.io/thebitcointimes/ https://twitter.com/dergigi

Don't forget that if you are enjoying the show & would like to support my work in turning all of the most fascinating and profound works in the Bitcoin space into the audio versions they deserve, become a patron! Not to mention you will get access to the Crpytoconomy Telegram Crew where we hang out and worship the Light of Nakamoto! XD www.patreon.com/thecryptoconomy Learn more about your ad choices. Visit megaphone.fm/adchoices

"To provide broader context, the Federal Reserve, the Bank of Japan and the European Central bank have collectively created $10 trillion dollars-worth of new money since the financial crisis, the equivalent of approximately $500,000 per bitcoin. Despite dollars, euro, yen and bitcoin all being digital, bitcoin is the only medium that is tangibly scarce and the only one with inherent monetary properties." - Parker Lewis

Continuing the awesome Gradually, then Suddenly series on the Unchained Capital Blog, we hit today's read, Bitcoin is Not Backed by Nothing. An amazing journey through the nature of our current monetary insanity, & the profound immutability of Bitcoin it must now compete with. TL;DR there is no comparison. https://www.unchained-capital.com/blog/bitcoin-is-not-backed-by-nothing/

Don't forget to check out the Unchained Capital Blog and the other amazing parts of this Series by checking out the Uchained Collection Below: (check back soon) https://www.unchained-capital.com/blog/

Don't forget that if you are enjoying the show & would like to support my work in turning all of the most fascinating and profound works in the Bitcoin space into the audio versions they deserve, become a patron! Not to mention you will get access to the Crpytoconomy Telegram Crew where we hang out and worship the Light of Nakamoto! XD www.patreon.com/thecryptoconomy

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A most profound aspect of Bitcoin is that we know, with certainty, what the monetary policy will be no matter how far we look into the future. If we choose to secure sound money for the world, then we have to establish the important markets, build the tools and protocols, and most importantly make the tough decisions *now, * instead of kicking the can down the road. Following the first era, this required a change with how we used this incredible resource. And just like last time, we will have to change again. The Third Era will come with yet another Bitcoin civil war. Are we preparing for that future, or are we complacent in the present?

A new recording with some fresh commentary, we read a great piece that I totally forgot I had already covered on the show, but that deserves a second round anyway, Rusty Russell's "The Three Economic Eras of Bitcoin" https://medium.com/@rusty_lightning/the-three-economic-eras-of-bitcoin-d43bf0cf058a https://twitter.com/rusty_twit Learn more about your ad choices. Visit megaphone.fm/adchoices

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! Learn more about your ad choices. Visit megaphone.fm/adchoices

Closing out an extraordinary year in 2019 has us looking forward at 2020 & Beyond. What will we bring to Bitcoin, and what could Bitcoin bring to us? Today we read an amazing thread by John Newbery on the exceptional list of tools and technologies making their debut on the Bitcoin and Lightning protocol stack that will change everything about how we interact with and use this incredible technology. So much exciting stuff to go over, don’t miss “A Bitcoin Roadmap” twitter thread by John Newbery. Link to John's thread and thorough list of links included to explore the tons of improvements on the horizon, or already available to be built with. I highly encourage a dive down this rabbit hole! https://twitter.com/jfnewbery/status/1208559196465184768

• Jack Mallers & Announcing Olympus (fiat-to lightning in seconds) https://twitter.com/JackMallers • Schnorr & Privacy by Lucas Nuzzi • Taproot is Coming by Aaron Van Wirdum • Lightning & the "Noinput Class" by Aaron Van Wirdum

If you want to support the show and join the Cryptoconomy Telegram crew, become a patron below! https://www.patreon.com/thecryptoconomy

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"The precursors of money, along with language, enabled early modern humans to solve problems of cooperation that other animals cannot – including problems of reciprocal altruism, kin altruism, and the mitigation of aggression. These precursors shared with non-fiat currencies very specific characteristics – they were not merely symbolic or decorative objects." - Nick Szabo

If you haven't listened to it yet, the time is now. If you have listened to it, then it can't hurt to listen to it again. One of the most essential prerequisites in the Bitcoin space to shine a light on the foundations of money, its history, and the nature of its origins. Today we reboot Nick Szabo's incredible piece, "Shelling Out: The Origins of Money."

Check out the original piece hosted on the Nakamoto Institute, and of course the unenumerate blog where you can find hundreds of other excellent posts and works by Nick Szabo. https://nakamotoinstitute.org/shelling-out/ https://unenumerated.blogspot.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices

"At the end of the day, everyone has to believe in something; might as well believe in something verifiable and unforgeable." - Hass McCook

As I walk in the valley of fiat, I shall not fear the Economic Reckoning! You don't want to miss this awesome piece by @FriarHass on the "True Believers" of Bitcoin, and why it is not only a religion, but the one True Way. One of the many great articles in the recently released edition 2 of The Bitcoin Times. Check out the amazing links below for more great work and to drop some applause on this wonderful piece!

Original Article: https://medium.com/the-bitcoin-times/the-passion-of-the-believers-bf26f3b46315

The Bitcoin Times Editions 1 & 2 https://sites.google.com/getamber.io/thebitcointimes/

If you want to support the tons of work in making audio versions and expanding on all the best written works around Bitcoin and the Cryptoconomy, become a patron below! https://patreon.com/thecryptoconomy

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Is there a single key factor in the difference between the assurances in PoS vs PoW? The knowledge and proof that there is a real world, inescapable cost to both producing the currency, & editing the chain history - unforgeable costliness. Learn about this, the private keys attacks that risk entire contesting histories in PoS systems, and to the nothing-at-stake problem. This and more in today's read!

Check out the original (hit that applause button) plus the other great pieces Hugo has on his Medium page! https://medium.com/@hugonguyen/proof-of-stake-private-keys-attacks-and-unforgeable-costliness-the-unsung-hero-5caca70b01cb

For a deeper dive into unforgeable costliness, listen to the absolute essential read, by Nick Szabo, "Shelling Out, The Origins of Money."

If you want to support the tons of work in making audio versions and expanding on all the best written works around Bitcoin and the Cryptoconomy, become a patron below! https://patreon.com/thecryptoconomy

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What is the true set of differences between Proof of Work, and Proof of Stake? What are the engineering mindsets behind them both, and which is built explicitly to survive in the worst-case scenarios? Find out this and more in today’s read of Hugo Nguyen’s excellent piece “Proof of Stake & the Wrong Engineering Mindset.” This will be the beginning of a short series that will finish out our week attacking the PoS design from all angles. Subscribe so you don’t miss it.

Follow Hugo on Twitter and Medium to explore his other great work and so you don't miss his next one! https://twitter.com/hugohanoi https://medium.com/@hugonguyen/proof-of-stake-the-wrong-engineering-mindset-15e641ab65a2 Other great Episodes and works mentioned in today’s commentary: Nassim Taleb's "Block Swan" https://www.amazon.com/Black-Swan-Improbable-Robustness-Fragility/dp/081297381X/ref=sr_1_1?keywords=black+swan+nassim&qid=1576710842&s=books&sr=1-1 CarCampit's "Bitcoin Blockade runner" The Drunkard's Walk https://amzn.to/2Mzzr2K The Bitcoin Survivor's Book List https://thecryptoconomy.com/bitcoin-survivors-book-list/

Hugo Nguyen's other great articles in audio: Ethereum Architecture is Flawed Anatomy of Proof of Work Bitcoin, Chance, and Randomness

If you want to support the show and join the Cryptoconomy Telegram crew, become a patron below! https://www.patreon.com/thecryptoconomy Learn more about your ad choices. Visit megaphone.fm/adchoices

Rare THE BLACK SWAN The Impact of the Highly Improbable Nassim Nicholas Taleb Fine/F [Hardcover] unknown

The Drunkard's Walk: How Randomness Rules Our Lives

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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The Sovereign Individual: How to Survive and Thrive During the Collapse of the Welfare State

Another clever & censorship resistant system for identity within the Bitcoin system is being proposed. Called "Easypaysy," developer Jose Femenias Canuelo has created a system to safely & independently create a static on-chain account system, that would solve the need both of having to reuse Bitcoin addresses, & having to constantly generate new ones for every payment. Today we read the Bitcoin Magazine article by none other than Aaron Van Wirdum breaking down exactly what it is, how it works, and what it might mean for the future of interfacing with the Bitcoin system.

A huge thank you to the Let's Talk Bitcoin Network and the crew over at Bitcoin Magazine for letting me cover all of their incredible content! Its exciting to join the many great shows on the LTBnetwork and get the best written works in Bitcoin to all those who don't have the time to read them. Don't forget to check out the full article plus other links to the white paper for further exploring this new tool: https://bitcoinmagazine.com/articles/bitcoin-need-accounts-one-developer-thinks-figured https://twitter.com/BitcoinMagazine https://twitter.com/AaronvanW

Do NOT miss out on Aaron's other works, here's a list of a handful of his other great articles we've covered in audio: • Taproot is Coming • Simplifying Lightning, The "No Input" Class • A Cryptoconomy Chat with Aaron VW! • Statechains - Sending Keys, Not Coins • Understanding the Lightning Network Parts 1-3 Learn more about your ad choices. Visit megaphone.fm/adchoices

Next up in the Gradually, Then Suddenly series by Parker Lewis and available on the incredible blog over at unchained-capital.com is "Bitcoin, Not Blockchain."

There is nothing about blockchain that makes it inherently immutable. Immutability emerges over time as the consequence of economic incentives and a native monetary unit that secures those incentives. It is hard won in the battle of monetary competition, something that cannot be copied or challenged with frivolous features, or arbitrary "utility." Parker breaks it all down in his great article, "Bitcoin, Not Blockchain."

Don't forget to check out the Unchained Capital Blog for tons of great written works by Parker and others: https://www.unchained-capital.com/blog/bitcoin-not-blockchain/

Check out all the other great pieces we've covered recently in the Gradually, Then Suddenly series: Gradually, then Suddenly [the series so far]

If you want to support the show and join the Cryptoconomy Telegram crew, become a patron below! https://www.patreon.com/thecryptoconomy

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The scams in the Bitcoin & crypto space are, unfortunately, not low in number. Sometimes the only safe option is to ignore them, but there are the few occasions that require a thorough breakdown of just how the scam works, in hopes of protecting the often naive and uninformed noobs that enter this space. Today we read a piece by Goldman Sats breaking down the inner workings of the HEX scam, and how it is designed for one thing, and one thing only, to take your money. Listen to find out more! Don’t forget to drop the max applause on this article and for @TooWumboToFail’s excellent research into how this works and making it available to everyone. And if you ever hear word of someone thinking of participating, don’t forget to send them to this article or episode before they do. https://medium.com/@TooWumboToFail/under-a-hex-396847b86e57

Here is the "advanced analysis of how HEX works" link buried in the website so anyone who wants to explore further can do so. https://docs.google.com/document/d/1P0ZDaBQx4ghkdX5IUwZb1n8ThvYf7i22MSt9Gm00JRU/edit

If you want to support the show and join the Cryptoconomy Telegram crew, become a patron below! https://www.patreon.com/thecryptoconomy Learn more about your ad choices. Visit megaphone.fm/adchoices

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! Learn more about your ad choices. Visit megaphone.fm/adchoices

Is Bitcoin the perfect money, or is it the worst money that solves the most essential problem, as simply and reliably as possible? In true "New Jersey” style, Bitcoin doesn’t attempt to be everything, it attempts to do ONE thing as beautifully, & as unambiguously as possible.

Today we read a fascinating piece from Bitcoin’s rich history, originally published in 2011, and edited, added to, and updated for years since. At Gwern.net, Bitcoin is Worse is Better: https://www.gwern.net/Bitcoin-is-Worse-is-Better Don’t forget to check out the original piece with a literal ocean of links and further exploration. If you want to waste 15 minutes, or half a day, there’s more than enough to explore. As a great (& short) read to accompany this on the “Rise of Worse is Better” philosophy, check out the original post by Richard P. Gabriel below: https://dreamsongs.com/RiseOfWorseIsBetter.html For more on the history of Bitcoin, the open source movement, and the “worse is better” design philosophy, I highly recommend the Iterative Capital Thesis on The Cryptocurrency Phenomenon:

If you want to support the show and join the Cryptoconomy Telegram crew, become a patron below! https://www.patreon.com/thecryptoconomy Learn more about your ad choices. Visit megaphone.fm/adchoices

For everyone that tells you Bitcoin is a stagnant technology going nowhere, this is the article to point them to. Another be returning author Lucas Nuzzi, we cover a piece that touches on the plethora of developments happening across all fronts in the Bitcoin ecosystem. Much like the development of the internet, Bitcoin has the benefit of building a modular protocol stack to solve a vast array of problems without compromising the underlying network. A great read to close the week.

Follow Lucas Nuzzi on Twitter, be sure to drop some applause on the article, check out the link to explore all the crazy stuff discussed in this piece, and lastly check out Digital Assets Research for more great work: https://medium.com/digitalassetresearch/a-look-at-innovation-in-bitcoins-technology-stack-7edf877eab14

Check out the other great reads we have by Lucas! Schnorr Signatures & the Inevitability of Privacy The Resolution of the Big Block Experiment The Liquid Network w/ Thoughts from Lucas Nuzzi

If you want to support the show and join the Cryptoconomy Telegram crew, become a patron below! https://www.patreon.com/thecryptoconomy Learn more about your ad choices. Visit megaphone.fm/adchoices

Money is the tool that enables human exchange and prosperity... Bitcoin is a sovereign, sound, digital form of money... Time is the only true scarcity that exists for humanity...

Listen to a walk through the Bitcoin perspective and the rich history that enlightens the story for Bitcoin's immense monetary potential. Reading the unabridged audiobook of Money, Bitcoin & Time, written by Robert Breedlove. Link below to the original PDF to explore the data and graphics or the extraordinary list of reads in the sources on pages 89-90. https://www.parallaxdigital.io/blog Learn more about your ad choices. Visit megaphone.fm/adchoices

Another of the many great pieces from Nik Bhatia getting into the impact and scope of the system that the Lightning Network could become. Bitcoin is neither just a store of value, nor just a medium of exchange, it's both. The LNP/BP protocol stack is taking us into the future, hear all about it in today's read from Nik Bhatia, now part the OpenNode team, titled "The Lightning Network: Why I Quit the Bond Market for Bitcoin."

Link to Nik's Twitter and the original article on his Medium page: https://twitter.com/timevalueofbtc https://medium.com/@timevalueofbtc/the-lightning-network-why-i-quit-the-bond-market-for-bitcoin-12693120039f

The other great pieces by Nik we have covered on the show: The Triumvirate of Liquidity Bitcoin is a Human Right The Business of Bitcoin Cold Storage Our 3rd ever Interview with Nik Bhatia all about the future of Capital Markets The Bitcoin Second Layer The Time Value of Bitcoin The Bitcoin Risk Spectrum

Grab your copy of the Little Bitcoin Book or listen to the audiobook read by me! https://www.amazon.com/Little-Bitcoin-Book-Matters-Finances/dp/1641990503/ref=sr_1_1?crid=2K1ZY3IJWOWZE&keywords=the+little+bitcoin+book&qid=1575326799&sprefix=the+littel+bitcoin%2Caps%2C156&sr=8-1

Join me at the Bitcoin maximalist conference next year! Get tickets for BitBlockBoom2020 at the link below - offer code CC for 30% off! BitBlockBoom.com Learn more about your ad choices. Visit megaphone.fm/adchoices

The Little Bitcoin Book: Why Bitcoin Matters for Your Freedom, Finances, and Future

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:

Get your copy of "The Little Bitcoin Book" in print or audio (read by your truly) for those long holiday drives: https://www.amazon.com/Little-Bitcoin-Book-Matters-Finances-ebook/dp/B07W957N7T

Join me at BitBlockBoom2020 for an awesome time with the best of the Bitcoin maximalists! https://bitblockboom.com/

And of course, if you want to join the Cryptoconomy Telegram and hang out with the crew, become a patron below: https://www.patreon.com/thecryptoconomy Learn more about your ad choices. Visit megaphone.fm/adchoices

The Little Bitcoin Book: Why Bitcoin Matters for Your Freedom, Finances, and Future

An economy leveraged 150:1 A spiraling tower of debts to pay for our previous debts Central Banks repeating the same policies that caused our problems as their solutions The confiscation through counterfeit of $Trillions in economic production Massive distortions of the price mechanism & monetary authorities who argue over not whether they should, but by how much they will debase our hard earned money

Bitcoin Fixes This.

Part 6 in the Gradually, Then Suddenly series by Parker Lewis from the Unchained Capital blog.

Unchained just dropped the "greatest hits" collection of their blog, tons of great content to explore below: https://unchainedcap.wpengine.com/greatest-hits/

Mentioned in the show: Use of Knowledge in Society - Parts 1 & 2

If you want to support the show and join the Cryptoconomy Telegram crew, become a patron below! https://www.patreon.com/thecryptoconomy Learn more about your ad choices. Visit megaphone.fm/adchoices

To think of the value of a global, jurisdiction-less, "money-for-enemies" network as nothing more than the result of how many transactions it can do on the base layer, is to miss the point entirely. The difference between the payments systems and settlement systems of the world, their degree of assurances, and the desirable characteristics of their operation are often diametrically opposed. Listen to another of Nic Carter's excellent pieces to learn all about how "Transaction Count is an Inferior Measure."

Check out the original post (great charts illustrating his argument) on Nic's Medium page, plus the tons of other great written content he publishes regularly: https://medium.com/@nic__carter/transaction-count-is-an-inferior-measure-fba2d5ac97f1

Another great tool to show the relative "speed" of competing networks: https://howmanyconfs.com/

Other great work in audio from Nic Carter: • A Most Peaceful Revolution • A Most Peaceful Revolution (Guy's Follow Up) • Unpacking Bitcoin's Assurances • How to Scale Bitcoin Without Changing a Thing [parts 1 & 2] • Bitcoin's Existential Crisis Learn more about your ad choices. Visit megaphone.fm/adchoices

INTRODUCTION

At the end of the 16th century, a rag tag group of rebel intellectuals and entrepreneurs founded a country on some of the least desirable land in Europe—so often flooded that it needed hundreds of miles of moats - while fighting an eighty year long war against the largest empire in the world.

From this struggle and melting pot of ideas emerged the Dutch and British golden ages, innovative economic institutions that changed the world, as well as one of America’s most successful socio-economic experiments: New York City.

This report makes the case that the 21st century emergence of bitcoin, encryption, the internet, and millennials are more than just trends; they herald a wave of change that exhibits similar dynamics as the 16-17th century revolution that took place in Europe.

...

Author - Tuur Demeester Learn more about your ad choices. Visit megaphone.fm/adchoices

The World Has Gone Mad, & the System is Broken. Ray Dalio drops a bomb recently with his post showing the sorry state of our money, the cracks in our world monetary system, and the coming paradigm shift. A short piece that requires much ranting, don't miss it.

Link to the original post and Ray Dalio's twitter page: https://www.linkedin.com/pulse/world-has-gone-mad-system-broken-ray-dalio/ https://twitter.com/RayDalio

Other great works mentioned in this show: The Case for Electronic Cash Use of Knowledge in Society - Parts 1 & 2 How is Fiat Money Possible - Parts 1-3

And if you want to start down a rabbit hole... WTFHappenedin1971.com Learn more about your ad choices. Visit megaphone.fm/adchoices

The 5th installment of the always fascinating "Gradually, then Suddenly" series from Parker Lewis and Unchained Capital. What is the real problem that Bitcoin solves, and how does it compare to the alternatives? Are mass payments an impossible problem, and isn't Bitcoin too slow to be global money? This piece is packed with digital gold, so don't miss it!

Link the the original article so you can get a head start and check out all the other incredible writing at Unchained-capital.com. Don't forget to follow Parker on Twitter for more of his work: https://www.unchained-capital.com/blog/bitcoin-is-not-too-slow/ https://twitter.com/parkeralewis

Other great episodes and content to go down the rabbit hole on this one! • Use of Knowledge in Society Parts 1 & 2 • 7 Misunderstandings of Bitcoin's Scaling Problem (this is old, forgive me) • Bitcoin & Software Reliability • Gradually, then Suddenly [the series so far] You can support this show, ensuring all the best work in Bitcoin gets the audio version it deserves, AND get access to the Cryptoconomy Crew Telegram by becoming a patron below! https://www.patreon.com/thecryptoconomy Learn more about your ad choices. Visit megaphone.fm/adchoices

Today we conclude the report from Adamant Capital written by Tuur Demeester on a fascinating parallel between Bitcoin and the Protestant Reformation of the 16th and 17th centuries. A plethora of new financial tools and the flight to find security in uncertain times, and the many parallels with the role Bitcoin could play in finding a haven from the over-leveraged, over-regulated, and corrupt IMFS. Don't miss a great piece.

Links to the original works below. Again, don't forget to follow Tuur on Twitter for tons of amazing content and thoughts on the impact of this new economy. https://docsend.com/view/ijd8qrs https://twitter.com/TuurDemeester

Other great episodes for more details and expanding on these themes: • Bitcoin, An Accounting Revolution • What's Driving the Cryptocurrency Phenomenon? An Iterative Capital Thesis • A Most Peaceful Revolution [Nic Carter] • Guy's Take - Revolution in the Protocol • Bitcoin in Heavy Accumulation Part 1 & 2

If you want to support the show and join the Cryptoconomy Telegram crew, become a patron below! https://www.patreon.com/thecryptoconomy Learn more about your ad choices. Visit megaphone.fm/adchoices

Today we start our journey through the new report from Adamant Capital written by Tuur Demeester on a fascinating parallel between Bitcoin and the Protestant Reformation of the 16th and 17th centuries. The monopoly being undermined, the technology that catalyzes the paradigm shift, the new economic class, and the new tools of self defense. Can these shed light on our own uncertain future? Find out in...

The Bitcoin Reformation - Part 1

Links to the original works below. Don't forget to follow Tuur on Twitter as well for tons of amazing content and thoughts on the impact of this new economy. https://docsend.com/view/ijd8qrs https://twitter.com/TuurDemeester

Plus the other great episodes mentioned in the commentary for more details on similar concepts: • Bitcoin, An Accounting Revolution • What's Driving the Cryptocurrency Phenomenon? An Iterative Capital Thesis • A Most Peaceful Revolution [Nic Carter] • Guy's Take - Revolution in the Protocol • Bitcoin in Heavy Accumulation Part 1 & 2

If you want to support the show and join the Cryptoconomy Telegram crew, become a patron below! https://www.patreon.com/thecryptoconomy Learn more about your ad choices. Visit megaphone.fm/adchoices

Diving down the rabbit hole on the amazing privacy technologies in Bitcoin, what they are, how they can be used, and how it might change our interactions with the Bitcoin timechain in the future. Don't miss an awesome chat with Max Hillebrand!

The many links discussed in this episode for tons of awesome tech to explore further.: Max Hillebrand's website and huge body of work: http://towardsliberty.com/ BitcoinOps Taproot Workshop https://github.com/bitcoinops/taproot-workshop/ Schnorr BIP https://github.com/sipa/bips/blob/bip-schnorr/bip-schnorr.mediawiki Taproot BIP https://github.com/sipa/bips/blob/bip-schnorr/bip-taproot.mediawiki Tapscript BIP https://github.com/sipa/bips/blob/bip-schnorr/bip-tapscript.mediawiki Learn more about your ad choices. Visit megaphone.fm/adchoices

One of the many amazing technologies coming to Bitcoin, Taproot is one of the most promising improvements to the privacy, efficiency, & capabilities of the Bitcoin system. Another excellent article breaking it all down by Aaron Van Wirdum, published at BitcoinMagazine.com, today we read & discuss:

"Taproot Is Coming: What It Is, and How It Will Benefit Bitcoin" https://bitcoinmagazine.com/articles/taproot-coming-what-it-and-how-it-will-benefit-bitcoin For a deeper dive into Taproot, check out the links provided at the bottom of the article.

For more of Aaron Van Wirdum's excellent work in audio: • Our Chat with Aaron: • The "No Input Class" & Eltoo • Statechains: Sending Keys, Not Coins • Understanding Lightning Part 1 • Understanding Lightning Part 2 • Understanding Lightning Part 3

Grab a hard copy of the latest Bitcoin Magazine edition at their store below: https://store.b.tc/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Today, Nik Bhatia takes us through a compressed history of the Dollar, Us Treasuries, and how we found ourselves in the current global financial mess. What are the safe-haven assets of the future, what will happen to the demand during these uncertain times, & what will be Bitcoin’s role? US Treasuries, Gold, & Bitcoin… The Triumvirate of Liquidity!

Don't forget to drop some applause on the article below, check out the Tantra Labs blog, and of course, follow Bhatia on Twitter: https://medium.com/@TantraLabs/the-triumvirate-of-liquidity-4fe4ab48d120 https://twitter.com/timevalueofbtc

Other episodes suggested from the discussion after the read, covering and going more in depth into topics previously on the show: • Lightning Tech in 2019 (Channel Factories) • Stop Calling Bitcoin Deflationary [Conner Brown] • Deflation & Liberty [Hulsmann] • World War B [Raleigh Meetup] Learn more about your ad choices. Visit megaphone.fm/adchoices

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:

As I said, the ideas in this piece are many & very dense. We've had entire episodes expanding on these topics that are great for a deeper journey down the rabbit hole. Here are some links to those past works that will elaborate on the many topics. • Money blockchains social scalability • Bitcoin can’t be copied • Independent property rights • I, pencil • How The Internet is Too Complex to Work • Reckless to Wumbology - The Lightning Build Out • Origins of Money • 7 Misunderstandings of Bitcoin’s Scaling Problem Learn more about your ad choices. Visit megaphone.fm/adchoices

"Bitcoin is the first time we’ve combined Money as a unit, with Money as a Network, into one thing." - Alexsandar Svetski

Dont miss part 2, the conclusion, of Aleks Svetski's excellent volume of "The Bitcoin Times." A new global monetary network, the future & potential of Lightning, the difference between money & payments, Bitcoin & the internet, investing in networks, "dumb" vs "smart," and so much more!

Check out volume 1, and be sure to not miss out on the coming editions at the link below: https://bitcointimes.news/

For further reading and exploration of these ideas, check out the other links mentioned in today's read: https://hackernoon.com/why-bitcoin-matters-c8bf733b9fad https://hackernoon.com/homo-sapiens-evolution-money-bitcoin-33f69701de

If you want to support the show AND join the Cryptoconomy Telegram crew, become a patron below! https://www.patreon.com/thecryptoconomy Learn more about your ad choices. Visit megaphone.fm/adchoices

"When people get up and begin to talk to me about how they’re going to use the blockchain to solve supply chain, or whatever other (mostly ridiculous) idea they have, it reminds of someone who just discovered that limestone aggregate in concrete makes for better strength and better overall properties in concrete; so they then apply it to everything else: • They put some limestone in their green smoothie • On their avocado and toast • In their latte • As a back rub on their partner’s skin • And even as fuel in their car"

The Bitcoin Times, Vol 1

Jumping into a 2 part covering of the first edition of The Bitcoin Times by Aleksandar Svetski and the team over at Amber. "Blockchain is Dead!" - but what is blockchain? Isn't it a breakthrough innovation that can be applied to a plethora of important data sources all around the world? Listen to find out more!

For more awesome content, be sure to follow Aleksandar on Twitter, check out the Amber app for simple Bitcoin buying, & see the awesome visual setup of "The Bitcoin Times" over at https://bitcointimes.news/

Don't forget to listen to the hilarious conversation we had with Aleks & the awesome guys from the Citizen Bitcoin Podcast at Bitcoin2019!

And lastly, Conner Brown, the author of yesterday's piece "Stop Calling Bitcoin Deflationary" will be featured in the next volume of Bitcoin Times, so follow him as well so you don't miss the next edition.

If you want to support the show AND join the Cryptoconomy Telegram crew, become a patron below! https://www.patreon.com/thecryptoconomy Learn more about your ad choices. Visit megaphone.fm/adchoices

Another great piece from returning author Conner Brown on the false narrative of Bitcoin's "deflationary" problems. Not only does it not result in the many naive claims of the critics, its actually our best defense against those very concerns. An article & discussion full of digital gold, so don't miss it!

Follow Conner Brown on Twitter and Medium so you don't miss his awesome insights, and if you enjoyed it, please drop some applause on the article below: https://medium.com/@Conner_/stop-calling-bitcoin-deflationary-84462cb90345 https://twitter.com/_ConnerBrown_

Mentioned multiple times in the show and a rabbit hole unto itself, don't forget to check out WTFHappenedIn1971.com

If you want to support the show AND join the Cryptoconomy Telegram crew, become a patron below! https://www.patreon.com/thecryptoconomy Learn more about your ad choices. Visit megaphone.fm/adchoices

The author of the incredible work we covered last week, Bitcoin: Sovereignty Through Mathematics, joins us on the show today to talk all about the foundations of his thinking, what sovereignty really means, why we should question our monetary priests, whether we are living in an Orwellian nightmare, or the new renaissance, human inability to understand complex systems, the gullible collective, & why we should all be more "posimistic." 😆

Don't miss a great chat with Knut Svanholm!

Links to the tons of other content mentioned in this episode. • Nicosia Masters Program Q&A https://www.youtube.com/user/MScDigitalCurrency • Article: We Are All Venezuelans https://hackernoon.com/were-all-venezuelans-c3ac98354f52 • Hans Rosling's - 200 countries, 200 Years, in 4 Minutes https://www.youtube.com/watch?v=jbkSRLYSojo • TEDtalk: Building a Toaster From Scratch https://www.youtube.com/watch?v=5ODzO7Lz_pw • TBPAFK https://www.youtube.com/watch?v=eTOKXCEwo_8 • You Need to Know About August 1st https://medium.com/hackernoon/casual-bitcoin-users-you-need-to-know-about-aug-1st-d568e07418cb • Lure Out The Beast - Driven https://www.youtube.com/watch?v=ByTdQqVYUGM • Grokking Bitcoin - Kalle Rosenbaum Amazon.com... • Sovereignty Through Mathematics - Knut Svanholm Amazon.com... Learn more about your ad choices. Visit megaphone.fm/adchoices

Bitcoin: Sovereignty through mathematics

Grokking Bitcoin

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:

If you want to support this show & in addition, get access to the Cryptoconomy Telegram crew, become a patron below! https://www.patreon.com/thecryptoconomy Learn more about your ad choices. Visit megaphone.fm/adchoices

Is it the miners? The developers? The nodes? Who really defines Bitcoin, who establishes the rules that make it immutable, secures it against unwanted change, and determines the protocol that distinguish a random integer, from a true Bitcoin integer?

A great piece by John Carvalho. One of the most succinct explanations on defining Bitcoin without any unnecessary technical confusion. A necessity for the Cryptoconomy Audio Library, and a wonderful follow up to the recent BTC vs BSV debate on the Hotep Jesus show.

Don't forget to drop some applause on the original article below, and follow the author, @BitcoinErrorLog, on Twitter: https://medium.com/@BitcoinErrorLog/who-secures-bitcoin-95b19bbcda3c https://twitter.com/BitcoinErrorLog

If you want to support the show AND join the Cryptoconomy Telegram crew, become a patron below! https://www.patreon.com/thecryptoconomy Learn more about your ad choices. Visit megaphone.fm/adchoices

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:

If you want your own hard copy of the book don't forget it is available on Amazon: https://www.amazon.com/Bitcoin-Sovereignty-mathematics-Knut-Svanholm/dp/1090109911/ref=sr_1_1?keywords=sovereignty+through+mathematics&qid=1571692865&sr=8-1

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Bitcoin: Sovereignty through mathematics

Chapters 8 through 11 continuing our unabridged audio of Knut Svanholm's excellent book on the Bitcoin phenomenon titled, "Sovereignty Through Mathematics."

• Anyone can change Bitcoin's rules, but know one has been able to change Bitcoin • Bitcoin is the underlying invention behind blockchain, not vice versa • Money amplifies who we are • Is Bitcoin an environmental disaster, or its remedy?

Subscribe to the show so you don't miss the rest of this amazing work as we read it this week. And if you want to support the show and join the Cryptoconomy Telegram crew, become a patron below! https://www.patreon.com/thecryptoconomy Learn more about your ad choices. Visit megaphone.fm/adchoices

Bitcoin: Sovereignty through mathematics

Another awesome read as we continue through Knut Svanholm's excellent book, "Sovereignty Through Mathematics." Part 3 goes into so many fascinating concepts on the nature of proof of work, and the zero-to-one invention of absolute digital scarcity.

• Proof of Work in nature • Unforgeable Costliness • Absolute scarcity • Bitcoin's & marshmallows & much more!

Don't forget to follow and give a shout out to the author for making this available for free to the Cryptoconomy crew! https://twitter.com/knutsvanholm

Mentioned in the commentary: • Money, Blockchains, & Social Scalability Subscribe to the show so you don't miss the rest of this amazing work as we read it this week. And if you want to support the show and join the Cryptoconomy Telegram crew, become a patron below! https://www.patreon.com/thecryptoconomy --- Send in a voice message: https://anchor.fm/thecryptoconomy/message Learn more about your ad choices. Visit megaphone.fm/adchoices

Bitcoin: Sovereignty through mathematics

Continuing through our unabridged reading of Knut Svanholm's excellent book available on Amazon, "Bitcoin: Sovereignty Through Mathematics."

• The inevitability of human bias • The absurdity of fractional reserve • Dangers of collectivism • Bitcoin is Speech • The Immaculate Conception • And why decentralization is so damn hard! https://www.amazon.com/Bitcoin-Sovereignty-mathematics-Knut-Svanholm/dp/1090109911/ref=sr_1_1?keywords=sovereignty+through+mathematics&qid=1571692865&sr=8-1 Other episodes and works mentioned in the show to dive deeper into some of the fascinating ideas discussed in today's read & commentary: Why America Can't Regulate Bitcoin [beautyon_] I, Pencil [Leonard Reed] Use of Knowledge in Society [F.A. Hayek]

Subscribe to the show so you don't miss the rest of this amazing work as we read it this week. And if you want to support the show and join the Cryptoconomy Telegram crew, become a patron below! https://www.patreon.com/thecryptoconomy Learn more about your ad choices. Visit megaphone.fm/adchoices

Bitcoin: Sovereignty through mathematics

Today we begin through this weeks complete unabridged reading of Knut Svanholm's recent book available on Amazon, "Bitcoin: Sovereignty Through Mathematics." Another great piece to add to our audio library.

• Everything we do is a trade • What is the impact of absolute scarcity, an idea we have never before seen manifested in society? • And are we all now financial atheists?

Don't miss Chapters 1 & 2 today followed by a fun discussion of the ideas covered. https://www.amazon.com/Bitcoin-Sovereignty-mathematics-Knut-Svanholm/dp/1090109911/ref=sr_1_1?keywords=sovereignty+through+mathematics&qid=1571692865&sr=8-1

Subscribe to the show so you don't miss the rest of this amazing work as we read it this week. And if you want to support the show and join the Cryptoconomy Telegram crew, become a patron below! https://www.patreon.com/thecryptoconomy Learn more about your ad choices. Visit megaphone.fm/adchoices

Bitcoin: Sovereignty through mathematics

Does Bitcoin maximalism fail the test against the economics of Ludwig Von Mises & Charles Menger, both giants of the Austrian school? Have we sacrificed sound money by limiting block space? For a change of pace, today's read & discussion is on @SallyMayweather's article arguing the inevitable failure of BTC. http://saltheagorist.blogspot.com/2019/08/the-economics-of-btc-maximalism.html Don't forget to check out the amazing works of Menger & Mises to learn more: https://mises.org/library/origins-money-0 https://mises.org/library/principles-economics https://mises.org/library/theory-money-and-credit

Let me know what you think, and join us in the Cryptoconomy Telegram to discuss with the rest of the crew! Become a supporter on Patreon to get access and also support turning all of the best articles in Bitcoin into audio! www.patreon.com/thecryptoconomy Learn more about your ad choices. Visit megaphone.fm/adchoices

"There is no more important long-term use of energy than securing the bitcoin network." Parker Lewis

Want to know why? Then you will have to listen to this amazing continuation of the "Gradually, Then Suddenly" series by Parker Lewis on the Unchained Capital blog. With endless FUD about Bitcoin's energy consumption & a total ignorance of the most critical & herculean problem Bitcoin is attempting to solve, this article could not be more on point.

Check out the blog for other great work, and follow Parker & Unchained Capital on Twitter so you don't miss their other great content! https://www.unchained-capital.com/blog/bitcoin-does-not-waste-energy/ https://twitter.com/parkeralewis https://twitter.com/unchainedcap

You can support this show, ensuring all the best work in Bitcoin gets the audio version it deserves, AND get access to the Cryptoconomy Crew Telegram by becoming a patron below! https://www.patreon.com/thecryptoconomy Learn more about your ad choices. Visit megaphone.fm/adchoices

Recently, a bit of Twitter drama has arisen from a post that started with @JWWeatherman_'s disclosure of a perceived critical bug in the Casa Node device. Today, to start off a discussion of home network security, what self-signed certificates do/don't guarantee, and the general trade-offs between security and usability, we read CasaHODL's blog post responding to JW's concerns, and then we get Guy's take on this as a Casa Node user.

Decide for yourself and let me know what you think. Below is a link to the Casa Blog post, as well as JW's thread where he lays out his concerns: https://twitter.com/CasaHODL/status/1183491711328276480?s=20 https://twitter.com/JWWeatherman_/status/1183510441844195329?s=20

To stay up on all the crazy developments in the space, don't forget to subscribe to show!

Disclaimer: Casa does not sponsor this show and has not contacted me about reading this post. Learn more about your ad choices. Visit megaphone.fm/adchoices

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:

You can support this show, ensuring all the best work in Bitcoin gets the audio version it deserves, AND get access to the Cryptoconomy Crew Telegram by becoming a patron below! https://www.patreon.com/thecryptoconomy Learn more about your ad choices. Visit megaphone.fm/adchoices

Equal parts entertaining & intellectually intriguing, we start with Part 1 of Dhruv Bansal's wonderful piece, Bitcoin Astronomy! The interplanetary center of hash, the Law of Hash Horizons, the Muskcoin Revolution, retaliation of the Bitcoin Empire, and the total economic devastation of the Hash Bomb! How could you not want to know more?

Another one from the excellent content over at the Unchained Capital Blog: https://www.unchained-capital.com/blog/law-of-hash-horizons/

You can support this show, ensuring all the best work in Bitcoin gets the audio version it deserves, AND get access to the Cryptoconomy Crew Telegram by becoming a patron below! https://www.patreon.com/thecryptoconomy Learn more about your ad choices. Visit megaphone.fm/adchoices

To think that a hard monetary asset, with a perfectly inelastic supply, could go from a $0 market with no infrastructure, liquidity, or demand, to a global monetary instrument with vast infrastructure, the highest market liquidity, demanded by billions, but that this could somehow occur without volatility in the price, is an absurd & deeply ignorant claim. Thoroughly debunked by Parker Lewis in the continuation of his amazing "gradually, then suddenly" series at Unchained Capital.

Bitcoin is Not Too Volatile: https://www.unchained-capital.com/blog/bitcoin-is-not-too-volatile/

You can support this show, ensuring all the best work in Bitcoin gets the audio version it deserves, AND get access to the Cryptoconomy Crew Telegram by becoming a patron below! https://www.patreon.com/thecryptoconomy

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freeross.org

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Following the anniversary of Ross Ulbricht's arrest, and the fall of the Silk Road experiment, we read a short but extraordinary piece, hand written in a cell by Ross, on Bitcoin's promise of freedom. What did those first adopters, when Bitcoin had no price and no market, what did they see in those digital bits? How did Bitcoin achieve its first value, and what did it mean for our world?

Don't forget to go to FreeRoss.org and sign the petition to bring attention to his injustice. https://freeross.org

And check out the amazing (and infuriating) series, Railroaded: The Targeting & Caging of Ross Ulbricht https://freeross.org/railroaded/

If you would like to support this show, become a patron & you will not only ensure I can keep making all of this content available, but you’ll also get to join the Cryptoconomy Crew in our Telegram group where we talk about all sorts of crazy stuff and get to share in this new world we get see grow. https://www.patreon.com/thecryptoconomy

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Quick Read #300!!! Hard to believe we have come this far withou the show. For this milestone it's time to take it back to the philosophical roots of the movement that lead to the community, the ideas, and the drive to create Bitcoin and the other tools enabling a future with a free, open, & global cryptoconomy!

From the father of the crypto anarchist movement and from its very beginnings in 1988, today we read: The Crypto Anarchist Manifesto https://www.activism.net/cypherpunk/crypto-anarchy.html

This isn't just a technology, it's a revolution. Tim May could see that truth from the very beginning.

If you want to join in the Cryptoconomy Telegram and help support turning all of the best Bitcoin literature into audio, become a patron below! www.patreon.com/thecryptoconomy Learn more about your ad choices. Visit megaphone.fm/adchoices

An awesome discussion with the squad over at the Raleigh Bitcoin Podcast. Can anyone sensibly be both pro Bitcoin & pro big government? When, if ever, do we actually sell Bitcoin? And what's the price as the stock-to-flow approaches infinity? All this and so much more in a marathon chat with the Raleigh Bitcoin Meetup! Don't forget to subscribe to the meetup podcast at the link below: https://anchor.fm/raleigh-bitcoin-meetup

If you want to join in the Cryptoconomy Telegram, chat with all the gang you can hear in this episode, & help support turning all of the best Bitcoin literature into audio, become a patron below! www.patreon.com/thecryptoconomy

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Finishing up our Lightning week on the show, I've got a Guy's Take on all the different applications I think are viable here in the early days of Lightning, and also what decentralized projects may make sense on Lightning, but are pointless as "utility tokens."

• Sat4Ads (The real BAT) • Why utility tokens are backwards economics • Fold, BitRefill, & Lolli • Making Bitcoin bills make sense • Watchtowers for decentralized backups • A new e-commerce? & tons more!

Here's some more great listens to go deeper down the rabbit hole with today's discussion: • Minimum Viable Decentralization [Simon Morris] https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_228---Minimum-Viable-Decentralization-e3lfo9 • Estimating and Minimizing Consumer Worry [Nick Szabo] https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_195---Estimating-and-Minimizing-Consumer-Worry-e2ndo7 • Richard Myers on a Lightning Powered Global Mesh https://anchor.fm/thecryptoconomy/episodes/CryptoChat_013---Richard-Myers-and-a-Lightning-Powered-Global-Mesh-e4e6ga

If you want to join in the Cryptoconomy Telegram and help support turning all of the best Bitcoin literature into audio, become a patron below! www.patreon.com/thecryptoconomy Learn more about your ad choices. Visit megaphone.fm/adchoices

Every so often a major development comes along that combines the available tools and you suddenly see a sharp image of what the future could look like. With Olympus, a new service from Jack Mallers & fam, getting a lightning balance and immediately spending it is as simple as the swipe of your debit card. Lightning is striking, and big things are brewing on the horizon.

Check out the original article to see the video of Jack demonstrating the service & drop some major applause while you're there! https://medium.com/@JimmyMow/announcing-olympus-lightning-enabled-fiat-ramps-by-zap-1f5349a96ee9

Check out the new site & sign up for the Beta at the links below: https://www.zaphq.io https://fiattolightning.com

If you'd like to support the Cryptoconomy Project and also join in on the fun in our Telegram group, become a patron below! https://www.patreon.com/thecryptoconomy Learn more about your ad choices. Visit megaphone.fm/adchoices

With another great piece from the Breez-Tech CEO we read and explore the fascinating concept of the Lightning Service Providers. What is their role? How will the market develop? Doesn't this mean Lightning is centralized? All this and so much more in a great piece from Roy Sheinfeld.

Don't forget to drop applause on the original article, catch our interview with the author, & check out the awesome Breez Lightning Wallet at the links below: • Introducing Lightning Service Providers (medium article) https://medium.com/breez-technology/introducing-lightning-service-providers-fe9fb1665d5f • CryptoChat with Roy Sheinfeld https://anchor.fm/thecryptoconomy/episodes/CryptoChat_016---Lightning-is-a-Breez-with-Roy-Sheinfeld-e4j7i3 • Breez Lightning Service https://breez.technology • Other Articles by Roy on the show https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_259---Lightning-at-the-End-of-the-Tunnel-Roy-Sheinfeld-e4a35k • To explore the other amazing tech coming to Lightning https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_248---Bitrefills-Hottest-Lightning-Tech-of-2019-e426ph

And because it was that good. Don't miss the episode of Tales From the Crypt with Jack Mallers: https://talesfromthecrypt.libsyn.com/tales-from-the-crypt-47-jack-mallers Learn more about your ad choices. Visit megaphone.fm/adchoices

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 Learn more about your ad choices. Visit megaphone.fm/adchoices

Today we take a dive into the future of Lightning and one of the amazing developments to make it simpler and more reliable, the new sighash flags referred to as the "Noinput Class." Who better to take us through it than Aaron Van Wirdum & Bitcoin Magazine?

Our recent interview with Aaron Van Wirdum, the extraordinary author of this work and 100s more: https://anchor.fm/thecryptoconomy/episodes/CryptoChat_018---Investigating-Bitcoin-with-Aaron-Van-Wirdum-e4rt9e

Don't forget to check out the original article for extra clarity on how it works, and of course for the many other great articles at BitcoinMagazine.com: The “Noinput Class”: How a Bitcoin Soft Fork Could Simplify Lightning https://bitcoinmagazine.com/articles/noinput-class-bitcoin-soft-fork-simplify-lightning Miniscript: How Blockstream Engineers Are Making Bitcoin Programming Easy(er) https://bitcoinmagazine.com/articles/miniscript-how-blockstream-engineers-are-making-bitcoin-programming-easyer

Other great reading for SigHash Flags and other Bitcoin scripting details: Raghov Sood's Blog post on signature types https://raghavsood.com/blog/2018/06/10/bitcoin-signature-types-sighash Bitcoin.org's Extensive Guide to Transactions https://bitcoin.org/en/transactions-guide#introduction

And Lastly don't forget to check out the cool stuff at the Bitcoin Magazine Store: https://store.b.tc/

Thank you so much to our recent patrons! Kirk, Jake, & Crypto Dread!! If you would like to join them and the rest of the awesome crew in the Cryptoconomy telegram, become a patron and support my turning every great piece of Bitcoin & Cryptoconomy literature into the audio version it deserves. patreon.com/thecryptoconomy Learn more about your ad choices. Visit megaphone.fm/adchoices

The only thing as scarce as Bitcoin, is Time. Do you value it accordingly?

For today's read we are diving into our first piece from the awesome collection over at Epsilon Theory by Ben Hunt.

The Long Now Pt. 1 - Tick Tock Don't forget to check out the other incredible content over at EpsilonTheory.com

Other great content mentioned in this Episode: The Bitcoin Survivor's Book List http://thecryptoconomy.com/bitcoin-survivors-book-list/ Rational Optimist (affiliate link) https://www.amazon.com/gp/product/0061452068/ref=as_li_qf_asin_il_tl?ie=UTF8&tag=cryptoconomyl-20&creative=9325&linkCode=as2&creativeASIN=0061452068&linkId=3dc9331a46a005a948035d919adf933c Your Life in Weeks (waitbutwhy.com) https://waitbutwhy.com/2014/05/life-weeks.html

Click the link below if you want to help support my work in turning all the best written works in the Cryptoconomy into audio! patreon.com/thecryptoconomy Learn more about your ad choices. Visit megaphone.fm/adchoices

The Rational Optimist: How Prosperity Evolves

Concluding the “Bitcoin” section of Money, Bitcoin & Time. So many fascinating aspects of Bitcoin covered by author Robert Breedlove in this section including: • A new form of life • The many-sided network effects of Bitcoin • Positive feedback loops • The Minority Rule • The TrustNet & more! “It removes the central banks, macroeconomists, politicians, presidents, dictators and military leaders from monetary policy and payments authorization once and for all.”

If you haven't listened to the previous parts of this incredible piece, visit the links below: Part 1 - https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_286---Money--Bitcoin--Time-Part-1---Robert-Breedlove-e52gih Part 2 - https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_287---Money-is-a-Social-Network---Money--Bitcoin--Time-Part-2---Robert-Breedlove-e53ug5 Part 3 - https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_288---The-Economic-Nervous-System---Money--Bitcoin---Time-Part-3---Robert-Breedlove-e54u2e Part 4 - https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_294---The-Simple-Truth-About-Bitcoin---Money--Bitcoin--Time-Part-4---Robert-Breedlove-e5djsh Learn more about your ad choices. Visit megaphone.fm/adchoices

Jumping back into Robert Breedlove's great piece with a thorough exploration of Bitcoin as a money, a technology, a network, and a measure of time.

• The Cost and Reward of Proof-of-Work • A Vault Built of Energy • The infinite Hardness of Bitcoin • The Internet of Value • The Bitcoin Social Contract & more!

Don't miss the continuation of this excellent piece available on the blog or in PDF at parallaxdigital.io - https://www.parallaxdigital.io/blog

If You haven't yet, don't forget to check out the first 3 parts of this incredible piece on the episodes linked below: Part 1 - https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_286---Money--Bitcoin--Time-Part-1---Robert-Breedlove-e52gih Part 2 - https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_287---Money-is-a-Social-Network---Money--Bitcoin--Time-Part-2---Robert-Breedlove-e53ug5 Part 3 - https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_288---The-Economic-Nervous-System---Money--Bitcoin---Time-Part-3---Robert-Breedlove-e54u2e

Other Great works mentioned on the show for further diving into related topics and exploring Bitcoin: 21 Lessons of the Bitcoin Rabbit Hole [DerGigi] Part 1 - https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_256---21-Lessons-of-the-Bitcoin-Rabbit-Hole---Chapter-1-e47u83 Part 2 - https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_257---21-Lessons-of-the-Bitcoin-Rabbit-Hole---Chapter-2-e489f9 Part 3 - https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_258---21-Lessons-of-the-Bitcoin-Rabbit-Hole---Chapter-3-e48kao

More on the Fascinating Nature of Proof-of-Work: Proof of Work is Efficient https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_155---POW-is-Efficient-Dan-Held-e2ndpk Bitcoin & the 7th Great Disruption of the Digital Age https://anchor.fm/thecryptoconomy/episodes/GuysTake_021---Bitcoin--the-7th-Great-Disruption-of-the-Digital-Age-e57p9m Anatomy of Proof of Work https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_158---Anatomy-of-Proof-of-Work-Part-1---Hugo-Nguyen-e2ndpg Bitcoin, Chance, and Randomness https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_159---Bitcoin--Chance--and-Randomness-Part-2---Hugo-Nguyen-e2ndpi

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Today we have a follow up to Nic Carter's excellent piece on Medium, A Most Peaceful Revolution. An incredible article that deserves an exhaustive discussion and easily earns a few ridiculous rants. What could be better for Guy's Take 23? Other episodes and works mentioned in the show for a deeper dive: A Most Peaceful Revolution https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_293---A-Most-Peaceful-Revolution-Nic-Carter-e5bfpm Anatomy of the State https://mises.org/library/anatomy-state A Cypherpunk's Manifesto https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_163---A-Cypherpunks-Manifesto-e2ndpc The Crypto Anarchist Manifesto https://www.activism.net/cypherpunk/crypto-anarchy.html The Bitcoin Survivor's Book List https://cryptoconomy.life/bitcoin-survivors-book-list/ Bitcoin and the Promise of Independent Property Rights https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_225---Bitcoin--the-Promise-of-Independent-Property-Rights-e3j6b8 Bitcoin Can't Be Copied https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_291---Bitcoin-Cant-Be-Copied-Parker-Lewis-e58g11 Learn more about your ad choices. Visit megaphone.fm/adchoices

Today we read a veritable Bitcoin Manifesto on a fundamental truth of Bitcoin's nature, the challenge it proposes to the state, the atrocities it seeks to dismantle, the hubris of alternatives, its promethean origins, the values it codifies, the role its already playing, and its patient unstoppable advancement.

Do not miss the audio, followed by tomorrow's commentary (there's simply too much to say in one show), of Nic Carter's, A Most Peaceful Revolution

Drop some highly due applause over at his Medium page and check out the other amazing work he has been putting out: https://medium.com/@nic__carter/a-most-peaceful-revolution-8b63b64c203e

Previous episodes of Nic's amazing work:

• Media Coverage of Bitcoin is Still a Total Disaster (https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_130---Media-Coverage-of-Bitcoin-is-Still-a-Total-Disaster-e2ndqf) • How to Scale Bitcoin Without Changing a thing [Part 1 & 2] https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_238---How-to-Scale-Bitcoin-Without-Changing-a-Thing-Part-1-e3qgfg https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_239---How-to-Scale-Bitcoin-Without-Changing-a-Thing-Part-2-e3qsvi • Unpacking Bitcoin's Assurances https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_281---Unpacking-Bitcoins-Assurances-e4sn3r • Bitcoin's Existential Crisis https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_181---Bitcoins-Existential-Crisis-e2ndok • How to Critique Bitcoin: A Guide https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_147---How-to-Critique-Bitcoin--A-Guide-e2ndpt • Visions of Bitcoin https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_120---Visions-of-Bitcoin-e2ndqq

Become a Patron to support my work and join the Cryptoconomy Telegram Crew! Every donation helps in turning all of the best writings in Bitcoin and the Cryptoconomy into the audio version they deserve! www.patreon.com/thecryptoconomy Learn more about your ad choices. Visit megaphone.fm/adchoices

• Keys are being abstracted away. • Users will call customer support to restore their coins, but never give up control. • Ownership of a single UTXO will become rare. • On-chain transactions will be used to build networks, more than transfer coins. • Lightning, sidechains, statechains & more will work invisibly behind the curtain.

Things are changing fast, and we go through all sorts of great stuff in this show and I attempt to explain some of the technical elements with analogies using cookies. Gonna be a fun one, so don't miss it!

Thank you to our newest patron, Maximilian Schmitz!! Join Max in supporting the show & help make every great work about Bitcoin and the Cryptoconomy into the audio version it deserves! Plus, get access to the exclusive Cryptoconomy Crew Telegram!✊ https://www.patreon.com/thecryptoconomy Learn more about your ad choices. Visit megaphone.fm/adchoices

If you were looking for a succinct summation of the philosophy and to understand why we are so avid about using Bitcoin, encrypting our communication, and why we think these things are critical for a better future, this is the episode you're looking for.😘

Beginning with a read of @Dergigi's great piece on the Bull Bitcoin Medium page, "Rise of the Sovereign Individual." Followed by a discussion about what liberty is, why we should be defending it, and what tools we have to truly "install" it on our future.

Check out the original article to drop some applause & check out the new Cyphernode project! https://medium.com/bull-bitcoin/the-rise-of-the-sovereign-individual-2201eee82f00 Other works by Der Gigi can be found below: https://dergigi.com/

21 Lessons of the Bitcoin Rabbit Hole Part 1 - https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_256---21-Lessons-of-the-Bitcoin-Rabbit-Hole---Chapter-1-e47u83 Part 2 - https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_257---21-Lessons-of-the-Bitcoin-Rabbit-Hole---Chapter-2-e489f9 Part 3 - https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_258---21-Lessons-of-the-Bitcoin-Rabbit-Hole---Chapter-3-e48kao

Proof of Life https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_285---Proof-of-Life-e51lt1

Support the show and help make every great work on Bitcoin and the Cryptoconomy into the audio version it deserves! Plus, become a patron and get access to the exclusive Cryptoconomy Crew Telegram!✊ https://www.patreon.com/thecryptoconomy Learn more about your ad choices. Visit megaphone.fm/adchoices

Today we start into the second piece of the "Gradually, Then Suddenly" series by Parker Lewis. Why altcoiners can claim their coin is for something other than money, but it must compete with Bitcoin as money regardless. Why money will only tend to one. Why copies of Bitcoin are just modern day alchemy. And why toxic maximalism is Bitcoin's greatest strength. Don't miss a great piece and fun discussion to follow!

Bitcoin Can't Be Copied!🚫

Check out the original article plus the other great stuff on the blog over at the Unchained Capital blog: https://www.unchained-capital.com/blog/bitcoin-cant-be-copied/

Support the show and help make every great piece shedding light on the incredible impact, the concepts, & the technology of Bitcoin and the Cryptoconomy into the audio version it deserves! Plus, become a patron and get access to the exclusive Cryptoconomy Crew Telegram group!✊ https://www.patreon.com/thecryptoconomy Learn more about your ad choices. Visit megaphone.fm/adchoices

Bitcoin isn't just a token you can send and receive online, it isn't just a digital money, its a complete inversion of the idea of money in the same way that the internet changed the nature of information. To understand exactly why, we need to look at the previous major societal disruptions brought about by the Digital age, and we can begin to see where Bitcoin will fit into the big picture.

1) Mail & Connecting 2) Publishing & The Web 3) The Infrastructure Inversion 4) Ecommerce 5) The New Media 6) Collaboration & Crowd Sourcing 7) New Money & Permissionless Finance

Don't miss a fun exploration through the history of the internet and the role that Bitcoin will play in establishing ground for a second chapter in the Digital Age! Further Reading/Listening mentioned in the episode: Szabo's essential work, Shelling Out: The Origins of Money (no commentary) https://anchor.fm/thecryptoconomy/episodes/Shelling-Out---The-Origins-of-Money-e2ndom (with commentary) Part 1 Part 2 Part 3 Part 4

The Incredible Iterative Capital Thesis: What's Really Driving the Cryptocurrency Phenomenon https://anchor.fm/thecryptoconomy/episodes/Whats-Really-Driving-the-Cryptocurrency-Phenomenon----The-Iterative-Capital-Thesis-e2u7qq

And numerous excellent books that I've pulled together on the Bitcoin Survivor's Book List: https://cryptoconomy.life/bitcoin-survivors-book-list/ Learn more about your ad choices. Visit megaphone.fm/adchoices

The Bitcoin community needs more Jason Stapleton, so I'm doing my part. Super excited to have had the opportunity to join Jason Stapleton and Matt Erickson on a favorite show of mine, Wealth, Power & Influence! Don't miss this great episode plus tomorrow's follow-up where I go further down the rabbit hole on many topics we touched on in this interview.

Don't forget to follow Jason Stapleton (and Matt Erickson) for more of the endlessly entertaining, Wealth Power & Influence podcast. https://jasonstapleton.com/podcast/

If you want to support the work I'm doing to bring all the most incredible Bitcoin content and their fascinating ideas straight to your ears, then become a patron! Plus get access to the exclusive Cryptoconomy Telegram Group! patreon.com/thecryptoconomy

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"What is money? That is the beginning of the real rabbit hole.” Like the process of going bankrupt, how fiat money inflates, and what it feels like to learn Bitcoin... it happens gradually, then suddenly. We take a break today before getting back into Money, bitcoin & Time, by beginning the awesome series at unchained-captial.com by Parker Lewis that is hitting major topics around Bitcoin and its supposed "failures" one at a time. A really fun and well written series that's going to inspire great discussion for the show!

Today we start with his introductory piece, Gradually, Then Suddenly. https://www.unchained-capital.com/blog/dollar-crisis-to-bitcoin/

Don't forget to follow both Unchained Capital and Parker Lewis so you don't miss the tons of other great stuff they are working on and some really great reading on Bitcoin and the financial markets. https://twitter.com/parkeralewis https://twitter.com/unchainedcap

Become a patron and help support my work at turning every brilliant piece of literature around Bitcoin and the Cryptoconomy into the audiobook version it deserves!! Love you guys! https://www.patreon.com/thecryptoconomy Learn more about your ad choices. Visit megaphone.fm/adchoices

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 --- Send in a voice message: https://anchor.fm/thecryptoconomy/message Learn more about your ad choices. Visit megaphone.fm/adchoices

Today we continue our journey through Robert Breedlove's thorough work by completing section 1 on the incredible history & profound nature of money.

• How prices are the economic nervous system • Histories of failed monies • When gold lost its soundness • The Gilded Age • The Century of War • Skin in the game • Free Markets vs Socialism

You'll find this amazing work plus much more at parallaxdigital.io/blog

Further reading, listening, & exploration mentioned in today's show: Use of Knowledge in Society https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_250---Use-of-Knowledge-in-Society-Part-1-e43pfj https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_251---Use-of-Knowledge-in-Society-Part-2-e444k0 The Island of Stone Money https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_262---The-Island-of-Stone-Money-e4d6m0 All Wars are Bankers Wars https://www.youtube.com/watch?v=5hfEBupAeo4 Nassim Taleb's "Skin in the Game" https://www.amazon.com/Skin-Game-Hidden-Asymmetries-Daily/dp/042528462X/ref=sr_1_1?keywords=skin+in+the+game&qid=1567028769&s=gateway&sr=8-1

If you want to support the tons of work in making audio versions and expanding on all the best written works around Bitcoin and the Cryptoconomy, become a patron below! https://patreon.com/thecryptoconomy Learn more about your ad choices. Visit megaphone.fm/adchoices

Skin in the Game: Hidden Asymmetries in Daily Life (Incerto)

The network effects that tie society together through its community, language, and money are both incredibly powerful, and very difficult to measure. We continue with Robert Breedlove's broad piece covering all of the core ideas that make Bitcoin the powerful innovation it is, and detailing exactly what it is changing, with a deep historical context.

• Money is a social network • "Hardness" is #1 • The 7 characteristics of a monetary good • The nature of prosperity • How economies grow

So many fascinating concepts and related stories to share on this one. In the next section we will start back with "The Economic Nervous System" and how the natural emergence of prices creates the incentives to organize and direct our actions. So much more to come, don't forget to subscribe!

Don't forget that you can find this incredible work and much more at parallaxdigital.io/blog Learn more about your ad choices. Visit megaphone.fm/adchoices

Today we start into an amazing and broad work that tackles the entire argument for Bitcoin, from the origins and nature of money, to the cost and value of time, by Robert Breedlove titled, "Money, Bitcoin and Time."

• How does an economy grow? • Why do we even need money? • How extraordinary are the benefits of indirect exchange? • What makes a money sound?

Check out the original piece, and read along for a better understanding by following the link below. You'll find this piece plus tons of other great reading. https://www.parallaxdigital.io/blog

Don't forget to follow @breedlove22 on Twitter so you don't miss some awesome threads! https://twitter.com/Breedlove22

Mentioned on the Show: A must listen if you haven't heard it, "I, Pencil" - https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_123---I--Pencil-e2ndqm

My everyday mission now is to turn every piece of incredible work that sheds light on the understanding of Bitcoin & makes more clear the future of the Cryptoconomy that we seek to build, into the audio version it deserves! Become a patron to help me get that done! Plus, you'll get to join us in the Cryptoconomy Crew Telegram! https://www.patreon.com/thecryptoconomy Learn more about your ad choices. Visit megaphone.fm/adchoices

“Life is like fire, not water; it is a process, not a pure substance. […] The simplest, but not the only, proof of life is to find something that is alive.” — Christopher McKay

The author of the incredible Bitcoin Mycelium series, Brandon Quittem, & the author of the 21 Lessons of the Bitcoin Rabbit Hole, Der Gigi, join me today for a 2 hour marathon exploring all aspects of this crazy beast we call Bitcoin. What does it mean to be alive? What exactly is Bitcoin? Does it work for us, or do we work for it? And if this is a new form of life, how will it change the world? Don't miss this awesome Cryptoconomy Chat.

Brandon Quittem Bitcoin Mycelium Series: https://medium.com/@BrandonQuittem

Der Gigi Proof of Life 21 Lessons of the Rabbit Hole & more: https://dergigi.com/

Other Things to Explore: Schrodinger's "What is Life" - http://whatislife.ie/schrodinger.htm Conway's "Game of Life" - https://en.m.wikipedia.org/wiki/Conway%27s_Game_of_Life "Evolution of Trust" (game theory) - https://ncase.me/trust/ Scale of the Universe - https://htwins.net/scale2/ Philosophy of Mathematics - https://en.wikipedia.org/wiki/Philosophy_of_mathematics

If you would like to join us in the Cryptoconomy Telegram Group, become a patron! Help me make every brilliant piece of literature around Bitcoin and the Cryptoconomy into the audiobook version it deserves!! https://www.patreon.com/thecryptoconomy Learn more about your ad choices. Visit megaphone.fm/adchoices

"Ralph Merkle... made the argument that Bitcoin is the first example of a new form of life. In this article series, I intend to take this claim seriously, explore it further, and see what can be gleaned from viewing Bitcoin as a living organism."

Today we read and discuss the first part of a promising new series from Bitcoin enthusiast and author @DerGigi, titled "Proof of Life." It will be the perfect precursor to tomorrow's interview with @Dergigi and @bquittem all about the nature of Bitcoin's decentralized organism! You will hate yourself if you miss this one!

Drop some serious applause on the article over at Gigi's Medium page, and don't forget to follow him on Twitter as well: https://medium.com/@dergigi/proof-of-life-fa28fdc002fe

For more great content on this same line of thought, Quittem's Mycelium series provides brilliant accompaniment, start with Part 1 below: Original: https://medium.com/@BrandonQuittem/bitcoin-is-a-decentralized-organism-mycelium-part-1-3-6ec58cdcfaa6 Audio: https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_201---Bitcoin-is-a-Decentralized-Organism---Mycelium-Part-1-e2sarg

A shout out to our newest patron, Coley Wommack!! If you would like to join us in the Cryptoconomy Crew Telegram Group, become a patron and help support my work at turning every brilliant piece of literature around Bitcoin and the Cryptoconomy into the audiobook version it deserves!! Love you guys! https://www.patreon.com/thecryptoconomy Learn more about your ad choices. Visit megaphone.fm/adchoices

Our monetary system has confiscated trillions in resources and value by corrupting the very incentives that keep our economy healthy and resilient… in that world, what role does Bitcoin play? Today we read and discuss the fascinating metaphors in Part 3 of Brandon Quittem’s excellent series on the Bitcoin Organism - “Bitcoin is the Antivirus to Uncertainty” https://medium.com/@BrandonQuittem/bitcoin-is-the-antivirus-mushroom-medicine-part-3-4-fd1e6606a3f8 Don’t forget to check out Parts 1 & 2 below, links to the audio as well as the original articles. Bitcoin is a Decentralized Organism: https://medium.com/@BrandonQuittem/bitcoin-is-a-decentralized-organism-mycelium-part-1-3-6ec58cdcfaa6 Part 1 Audio: https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_201---Bitcoin-is-a-Decentralized-Organism---Mycelium-Part-1-e2sarg Bitcoin is a Social Creature: https://medium.com/@BrandonQuittem/bitcoin-is-a-social-creature-mushroom-part-2-3-6a05c3abe8f0 Part 2 Audio: https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_224---Bitcoin-is-a-Social-Creature--Mycelium-Part-2-e3iq3u

Follow Brandon Quittem so you don’t miss the incredible work and perspective he contributes to the space: https://twitter.com/bquittem

Support the show and help me turn every amazing work of written content on Bitcoin and the Cryptoconomy into audio by becoming a patron! https://www.patreon.com/thecryptoconomy Learn more about your ad choices. Visit megaphone.fm/adchoices

Everything that defines the Bitcoin network is in the validation rules, and the nodes are its enforcers. An impenetrable fortress of validation.

Because it deserves an episode of its own, today we read @StopandDecrypt's excellent breakdown of the Bitcoin network and the critical importance of fully validating nodes. Originally an excerpt from a much longer article covered on the show, "Sharding Centralizes Ethereum."

Drop some major applause on the original article below and don't forget to explore the graphics for some amazing visualizations of the concepts discussed: https://medium.com/hackernoon/bitcoin-miners-beware-invalid-blocks-need-not-apply-51c293ee278b

Support the show and help me turn every amazing work of written content on Bitcoin and the Cryptoconomy into audio by becoming a patron! https://www.patreon.com/thecryptoconomy Learn more about your ad choices. Visit megaphone.fm/adchoices

The crew from the Lightning Hood website and weekly wrap-up are back for another episode chatting all about the developments in Lightning & Bitcoin throughout the last year. What's new, what's the same, and what are the next steps.

Bitcoin is back in the spotlight, how long and winding is the road to good privacy, how Bitcoin & Lightning returns power to personal hardware, developing a protocol stack for sovereignty, how Lightning is disappearing into the background, and the coming wave of new Bitcoiners. Don't miss another fun episode, hanging with the Lightning Hood crew. Don't forget to check out the guests on today's show and follow them on social media! @Pura_Vlda, @PetoVeritas, @CoinBeezy, and the silent, but always present @curlydream60e

A shout out to our newest patron, David Parrish for supporting the work of turning all the greatest written work in the Bitcoin space into audio! IF you would like to support my work and join the exclusive telegram group for the Cryptoconomy Crew, become a patron below: https://www.patreon.com/thecryptoconomy Learn more about your ad choices. Visit megaphone.fm/adchoices

Do we live in an age of liberty, where information is freely accessible, or an age of heavy-handed copyright restrictions where we are losing the ownership of the very devices we hold in our hands? If I had to judge, it's probably a bit of both.

Today we read a fascinating short story that I just recently ran across at the NakamotoInstitute.org by Richard Stallman, a dystopian tale of a future where we have to fight, for our "Right to Read." Thanks to SNI for making the work available, I wouldn't have found it otherwise. And a thanks to Richard Stallman for the incredible decades long fight he has put up for a Free & Open Source Society!

Check out the Nakamoto Institute for this and an incredible list of other literature to explore. https://nakamotoinstitute.org/right-to-read/

Shout out to our first Patron, Jesse Lawler! Thanks so much for supporting the show, plus all the help you've been over the last year, and of course, welcome to the Cryptoconomy Telegram Crew! If anyone else wants to support the audification of all brilliant things written about Bitcoin, become a patron and help make it happen. https://www.patreon.com/thecryptoconomy Learn more about your ad choices. Visit megaphone.fm/adchoices

We make claims about Bitcoin's assurances all the time. It is censorship resistant, it's open and permissionless, it's counterfeit proof, etc. But are these things entirely true? When someone wants to acquire, use, or validate Bitcoin, how well do the claims match reality?

Today we cover another great article from @nic_carter titled: "Unpacking Bitcoin's Assurances." Don't forget to follow Nic on Twitter and Medium, and drop some applause on the original article at the link below: https://medium.com/@nic__carter/unpacking-bitcoins-assurances-a3c98824d3f0

Mentioned again because it always seems to come up in discussion, the great piece by @hasufl and @zhusu about Bitcoin as an independent system for property rights: https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_225---Bitcoin--the-Promise-of-Independent-Property-Rights-e3j6b8

If you love the show and would like to support and get access to the exclusive Cryptoconomy telegram group, become a patron below! https://www.patreon.com/thecryptoconomy Learn more about your ad choices. Visit megaphone.fm/adchoices

Today we read an excellent article by Ben Perrin (@Btcsessions) laying out an excellent argument that reveals #BitcoinMaximalism as the meticulous and thoughtful position it actually is. Rather than the arbitrary, religious, & closed-minded position many altcoiners would want you to believe. Drop some applause on the Medium article for the great work! https://medium.com/bull-bitcoin/my-path-to-bitcoin-maximalism-c77c53466cb5 Follow @BTCsessions on Twitter and Youtube for tons of great content! https://www.youtube.com/c/btcsessions https://twitter.com/BTCsessions To dig a little deeper into topics mentioned in this episode, here are a few other works I recommend: Unpacking Bitcoin's Social Contract by Hasu https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_198---Unpacking-Bitcoins-Social-Contract-e2oct5 BetterHash - Decentralizing Bitcoin Mining... by StopAndDecrypt https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_274---BetterHash--Decentralizing-Bitcoin-Mining-with-new-Hashing-Protocols-e4nn6i Bit Gold by Nick Szabo https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_275---Bit-Gold-e4o0vp

If you love the show and would like to support and get access to the exclusive Cryptoconomy telegram group, become a patron below! https://www.patreon.com/thecryptoconomy Learn more about your ad choices. Visit megaphone.fm/adchoices

Today we have on the show one of the best journalists in the Bitcoin ecosystem, Aaron Van Wirdum! We chat about his path to finding Bitcoin, his process in investigating protocol developments, social impacts of paradigm shifting technology, the growing need and coming battle for privacy, his most anticipated new tech, and much more!

You'll find over 300! amazing articles by Aaron at https://bitcoinmagazine.com/authors/aaron-van-wirdum. And don't forget the great pieces available in the new 10th Anniversary Print Edition of the magazine! Get your copy = https://store.b.tc/

Here are a number of the previous articles of Aaron's that we've now got in audio + commentary:

Statechains: Sending Keys Not Coins https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_272---Statechains--Sending-Keys-Not-Coins-e4mue1 Bitcoin as a Privacy Coin https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_149---Bitcoin-as-a-PrivacyCoin-e2ndpr Understanding Lightning Parts 1-3 https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_047---Understanding-The-Lightning-Network-Part-1-e2ndtd https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_048---Understanding-The-Lightning-Network-Part-2-e2ndt4 https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_049---Understanding-The-Lightning-Network-Part-3-e2ndtc Genesis Files: https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_111---Genesis-Files---With-Bit-Gold--Nick-Szabo-Was-Inches-From-Inventing-Bitcoin-e2ndr5 https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_095---The-Genesis-Files-Hashcash-or-How-Adam-Back-Designed-Bitcoins-Motor-Block-e2ndrl Atomic Swaps: How Lightning Extends to Altcoins https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_063---Atomic-Swaps--How-the-Lightning-Network-Extends-to-Altcoins-e2ndsm If you are appreciating the show and would like to support and become a part of the exclusive Cryptoconomy telegram group, become a patron below! https://www.patreon.com/thecryptoconomy Learn more about your ad choices. Visit megaphone.fm/adchoices

Inflation, or manipulation of the money supply to the benefit of the politically well-connected, is quite possibly the most pervasive frauds of modern society. It creates multiple layers of compounded resource misallocation, it benefits the debtors and manipulators at the expense of savers, it puts a constant downward pressure on living standards, and it enables more unchecked corruption and abuse of power than any other aspect of our political systems.

Following Hulsmann's work, Deflation & Liberty, we have a foundation to understand how deflation, and sound money, strips the false elites of this power. Bitcoin isn't a new player, Bitcoin is a whole new game. Today we have a Guy's Take follow-up to Hulsmann's great work, and a conversation on how Bitcoin could bring down the state.

Other Episodes & Works mentioned in today's show:

Jorg Guido Hulsmann's, Deflation & Liberty https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_278---Deflation--Liberty-Part-1-e4q6gc https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_279---Deflation--Liberty-Part-2-e4qpvp

Conner Brown's, Bitcoin Has No Intrinsic Value https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_249---Bitcoin-Has-No-Intrinsic-Value---Thats-Great-e43bcm

Simon Lutz's, Keynesian Errors on Time and Demand https://medium.com/coinmonks/bitcoin-has-no-intrinsic-value-and-thats-great-e6994adbfe0f

Thomas Sowell's, Applied Economics: Thinking Beyond Stage One https://www.amazon.com/Applied-Economics-Thinking-Beyond-Stage/dp/0465003451 Learn more about your ad choices. Visit megaphone.fm/adchoices

Applied Economics: Thinking Beyond Stage One

"If Bitcoin's supply is expected to be endlessly deflationary, doesn't this ensure a never ending, economy destroying downward spiral?" Today we conclude with Part 2, Hulsmann's incredible work on the consequences and nature of deflation and what it means for liberty.

Continuing a 3 episode answer to this critically important question we finish Jörg Guido Hülsmann's amazing piece, available thanks to the Mises Institute: Deflation & Liberty https://mises.org/library/deflation-and-liberty-1 We will conclude the argument for the liberating powers of deflationary money with a Guy's Take episode breaking it all down. Subscribe and stay tuned so you don't miss it! Learn more about your ad choices. Visit megaphone.fm/adchoices

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 amazing piece, available thanks to the Mises Institute:

Deflation & Liberty https://mises.org/library/deflation-and-liberty-1

We will conclude the argument for the liberating powers of deflationary money with a Guy's Take episode breaking it all down. Subscribe and stay tuned so you don't miss it!

And to get started with eToro, our awesome sponsor for the show, click the link below: http://go.thoughtleaders.io/1195920190731 Learn more about your ad choices. Visit megaphone.fm/adchoices

The incredible model for predicting and assessing the value of the Bitcoin network by @100trillionUSD is analyzed in his exceptional article that we read on today's show, "Modeling Bitcoin's Value with Scarcity." With an R^2 above 95%, if you plan for a bitcoin future without closely assessing this model, you are ignoring a powerful indicator. Hear all about what it means for "orange coin number" in today's episode!

Don't forget to drop some major applause for the excellent work at the original article: https://medium.com/@100trillionUSD/modeling-bitcoins-value-with-scarcity-91fa0fc03e25

Be sure to follow @100trillionUSD on Twitter so you don't miss out on his continuous amazing work: https://twitter.com/100trillionUSD

Other episodes mentioned in the show to dive deeper: Conner Brown's - Bitcoin has no Intrinsic Value, & that's Great! https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_249---Bitcoin-Has-No-Intrinsic-Value---Thats-Great-e43bcm Money, Blockchains, & Social Scalability https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_066---Money--Blockchains--and-Social-Scalability-e2ndsj Shelling Out: The Origin of Money https://anchor.fm/thecryptoconomy/episodes/Shelling-Out---The-Origins-of-Money-e2ndom

If you want to support my work and be a part of the exclusive Cryptoconomy Telegram group to get the inside scoop on the show and what other things I'm working on, become a patron! https://www.patreon.com/thecryptoconomy Learn more about your ad choices. Visit megaphone.fm/adchoices

If you haven't listened to the earlier episode where I went on the Friends Against Government Podcast, then you no longer have to miss out! A year later, we get back together & talk about what a crazy year it has been in Bitcoin, podcasting, & the increasingly confused world. Just an awesomely fun time!

Check out the Friends Against Government Podcast. Entertaining, informative, & just the right amount of absurd! https://open.spotify.com/show/2TqT6kcwVFRSAQP8BUlH58?si=0aws7YRVRJ2NXTuB9g41EA

And follow the guys of twitter for some Grade-A, Anti-Govt trolling: https://twitter.com/FAGCAST https://twitter.com/CarCampIt https://twitter.com/birdarchist

And don't forget to start playing around with the awesome platform + app of our newest sponsor, eToro: http://go.thoughtleaders.io/1195820190729

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We start today's show reading a short Twitter thread by @simonlutz21 which sparks a fun discussion about the presence of Proof-of-Work in nature, the awesome utility of immutability, and the power of Bitcoin's inalterable ledger.

Like the original thread by Simon by following the link below: https://twitter.com/simonlutz21/status/1145009553874010112

Don't forget to check out the presentation by Andreas on "immutability and proof of work": https://www.youtube.com/watch?v=rsLrJp6cLf4

And if you would like to support the show, become a patron! https://www.patreon.com/thecryptoconomy Learn more about your ad choices. Visit megaphone.fm/adchoices

There were many precursors to the Bitcoin system, but IMO, none came as close to correctly defining the problem, & solving the key issues of trust as Nick Szabo's Bit Gold concept. Reading another great piece made available by the Nakamoto Institute, we read and discuss the incredible prescience of Szabo through one of Bitcoin's forefathers, Bit Gold.

Check out the amazing collection of literature at the Nakamoto Institute and see the original piece at the link below: https://nakamotoinstitute.org/bit-gold/

Other great work from Nick Szabo includes the #1 must read of anyone who wants to understand Bitcoin, "Shelling Out, The Origins of Money" https://anchor.fm/thecryptoconomy/episodes/Shelling-Out---The-Origins-of-Money-e2ndom Securing Property with Owner Authority: https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_118---Securing-Property-with-Owner-Authority-e2ndqs Another I forgot to mention that pairs well with today's episode, "Formalizing Network Realtionships" https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_214---Szabos-Formalizing--Securing-Network-Relationships-Part-1-e3953d And Lastly @Hasufl and @zhusu's piece "Bitcoin and the promise of Independent Property Rights" https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_225---Bitcoin--the-Promise-of-Independent-Property-Rights-e3j6b8

Don't forget to download and check out the eToro Bitcoin exchange and app at the link below: http://go.thoughtleaders.io/1195720190725 Learn more about your ad choices. Visit megaphone.fm/adchoices

What if we already had a solution to one of the biggest threats to the Bitcoin network, but simply weren't implementing it? Today we read another great piece by @stopanddecrypt breaking down the numerous vulnerabilities of centralized mining pools, that simply wouldn't exist, with the implementation of a @TheBlueMatt's new hashing protocol, #BetterHash.

Drop some applause on the original article & check out the library of work on StopAndDecrypt's Medium page: https://medium.com/hackernoon/betterhash-decentralizing-bitcoin-mining-with-new-hashing-protocols-291de178e3e0 https://medium.com/@StopAndDecrypt

Other resources & media mentioned on the show: https://bitflash.club/ https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_091---BetterHash-Aims-to-Increase-Bitcoin-Mining-Decentralization-e2ndro https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_077---Ethereum-Blockchain-Exceeds-1TB-e2nds8

Support my work and join the official #CryptoconomyCrew telegram group by becoming a patron: https://www.patreon.com/thecryptoconomy Learn more about your ad choices. Visit megaphone.fm/adchoices

What if there was a single, fundamental flaw in Keynesian economic theory that could shed light on the major imbalances and debts that have resulted from our monetary system? Does "spending" and consumption of resources truly make us wealthier? Ben Kaufman lays out the argument for how "Time" is the missing piece in the failed Keynesian puzzle.

Drop some applause on the original article at the link below, and don't forget to check out and follow Ben for his future work: https://medium.com/@ben_kaufman/keynesian-errors-on-time-and-demand-80eeae2c7110 https://twitter.com/_benkaufman

I also mentioned in the show a comic book that excellently explains the process of economic growth, spending, and savings. If you haven't read it, its not to be missed: http://themisescircle.org/blog/2012/11/06/how-an-economy-grows-and-why-it-doesnt/

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From Bitcoin Magazine, today we read Aaron's piece on the recently conceptualized "Statechains" from the mind of Ruben Somsen. An entirely different way to think of exchanging Bitcoin, by handing keys to the receiver, rather than sending coins. Don't miss the read & a really fun discussion about the tech to follow.

Check out BitcoinMagazine.com for the full article and the best place for Bitcoin news and information! Dropping a link to Aaron's main page because he has a number of recent articles that are also wonderful (specifically recommend "The 'Noinput Class'") https://bitcoinmagazine.com/articles/statechains-sending-keys-not-coins-to-scale-bitcoin-off-chain https://bitcoinmagazine.com/authors/aaron-van-wirdum https://twitter.com/AaronvanW

If you enjoy this show and would like to support my work, become a Patron! https://www.patreon.com/thecryptoconomy Learn more about your ad choices. Visit megaphone.fm/adchoices

The Lightning Network does, in fact, have scaling problems of its own. When the network grows to millions of channels we obviously won't be able to run it on a Raspberry Pi. Don’t tell Rusty Russell or Joe Netti that, because they'll just build their own network and do it. Another major milestone in Lightning development, the release of the Million Channels Project! Today we are reading & discussing, from the Blockstream blog, “Letting a Million Channels Bloom.”

Check out the official post for the network data, charts and optimization benchmarks. Follow the blog and developers involved to stay up on the incredible work they are doing to bring Lightning to the world. https://medium.com/blockstream/letting-a-million-channels-bloom-985bdb28660b https://twitter.com/rusty_twit https://twitter.com/JoeNetti

Lastly a huge thanks to our new sponsor, eToro! Don't forget to check out the exchange and let me know if you went long or short Bitcoin 😉 eToro - http://go.thoughtleaders.io/1026120190630 --- Send in a voice message: https://anchor.fm/thecryptoconomy/message Learn more about your ad choices. Visit megaphone.fm/adchoices

... And one of the greatest natural subsidies for renewable energy we could've asked for. Today we hit a piece by Daniel Wingen. A thorough breakdown of the essence of mining, the necessity of its energy expenditure, the incentives for efficiency and renewable sources, and the unbelievable cost that is being rescued from wasteful alternatives. Not only is Bitcoin's energy consumption not a problem, it could be exactly what we need for a brighter future.

Check out the full article and many links to other great works. A number of great charts and tables illustrating the argument to explore as well: https://medium.com/blockkeeper/bitcoins-energy-consumption-is-a-necessity-and-has-positive-impact-on-the-environment-752502288082

Don't forget to check out Daniel's other works and follow him on Twitter and Medium: https://medium.com/@danielwingen https://twitter.com/danielwingen Learn more about your ad choices. Visit megaphone.fm/adchoices

Today we read yet another great piece by @hasufl and @suzhu available on uncommoncore.co on the core value offered by Bitcoin as a system and the high level trends in macroeconomics and technology that could lead to enormous future demand for just such an asset.

A big thanks as always to the amazing work produced by Hasu and Su Zhu. You must check out their blog over at uncommoncore.co where you can find many other great works for understanding Bitcoin's nature. Below I've linked to the ones we have covered previously on this show:

An Honest Account of Fiat Money: https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_197---An-Honest-Account-of-Fiat-Money-e2ndo3 Unpacking Bitcoin's Social Contract: https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_198---Unpacking-Bitcoins-Social-Contract-e2oct5 Bitcoin and the Promise of Independent Property Rights: https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_225---Bitcoin--the-Promise-of-Independent-Property-Rights-e3j6b8 Bitcoin As a Hedge Against the Cashless Society: https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_227---Bitcoin-is-a-Hedge-Against-the-Cashless-Society-e3l5ne Learn more about your ad choices. Visit megaphone.fm/adchoices

Finishing this week out with a short but wonderful introductory article by Nik Bhatia. Bitcoin is a money, a game, a land grab, works like email, and ultimately, Bitcoin is a human right. My discussion afterward may have gotten a little out of hand with a 40 minute follow-up to a 5 minute article. But when a good article sparks great ideas, sometimes its just hard to stop. ;)

Today we read and discuss Nik’s excellent piece, “Bitcoin is a Human Right” https://medium.com/@timevalueofbtc/bitcoin-is-a-human-right-ff48c0b31134

Don’t forget to follow Nik Bhatia on twitter and medium and check out his other great work: https://twitter.com/timevalueofbtc Check out the other great pieces of Nik's we have covered on the show in the past:

The Time Value of Bitcoin: https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_143---The-Time-Value-of-Bitcoin-e2ndq2 The Bitcoin Second Layer: https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_132---The-Bitcoin-Second-Layer-e2ndqd The Business of Bitcoin Cold Storage: https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_182---The-Business-of-Bitcoin-Cold-Storage-e2ndoj The Bitcoin Risk Spectrum: https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_109---The-Bitcoin-Risk-Spectrum-e2ndr7 Learn more about your ad choices. Visit megaphone.fm/adchoices

The Lightning protocol has made some major leaps in the last few months, and the software landscape has changed massively in the same span! Here to talk all about the Breez lightning service that has been an absolute pleasure to play with, we have the CEO, Roy Sheinfeld, joining us on the show! If you wanted to hear how their team is creating a seamless experience in Lightning & what it will take to bring it to the everyday user, don't miss this chat!

Dont' forget to follow @breez_tech on Twitter! https://twitter.com/Breez_Tech

Join their telegram to talk with the community and share your ideas: https://t.me/breez_lightning

Check out the website to download the app and learn more about the company: https://breez.technology/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Tomorrow we have an awesome interview with Roy Sheinfeld all about the Breez Lightning service! To set the stage, today we dive into the recent Lightning Labs Blog post on the incredible improvements in the 0.7-beta release. Followed with a fun discussion on the major developments and what it will mean for the UX, reliability, and further improvements of the Lightning ecosystem. If you need you Lightning Fix, this is where you'll find it.

Don't forget to follow the blog and Twitter handles to stay up on what the Lightning Labs team is building! Development is happening at a lightning fast pace and the team is straight fire! https://blog.lightning.engineering/announcement/2019/07/01/lnd-v0.7.html https://twitter.com/lightning The amazing team (twitter links included): https://lightning.engineering/team.html

Check out the interview that Stephan Livera did with Conner Fromkneckt for a more in depth discussion of Wathctowers: https://stephanlivera.com/episode/83

And the earlier episode mentioned on "Lightning Wumbology!" https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_206---Reckless-to-Wumbology--The-Lightning-Network-Infrastructural-Build-Out-e3235m Learn more about your ad choices. Visit megaphone.fm/adchoices

Merchants are scammers, Keynesians are scammers, altcoins are scammers, Bitcoin "investments" are scammers, scammers are scammers, and even Bitcoin hoarders are scammers. Everyone's a scammer.

There is a key list of works that are simply the "must reads" of the Bitcoin space if you want to understand the true nature of the new economic incentives and the technology behind it. "Everyone's a Scammer" by Michael Goldstein, is one of those works. Another piece that stood the test of time made available by the Nakamoto Institute, not to be missed by any serious Bitcoiner out there.

Don't forget to check out Goldstein's amazing work and the enormous collection of quintessential Bitcoin writings over at the Nakamoto Institute: https://nakamotoinstitute.org https://nakamotoinstitute.org/mempool/everyones-a-scammer/ Learn more about your ad choices. Visit megaphone.fm/adchoices

I was lucky enough to get the opportunity at the Bitcoin 2019 Conference to sit down with Alex Adelman, the CEO of Lolli, and talk all about how he got into Bitcoin and their crazy experience bursting into the Bitcoin scene! This is definitely a crew to be watching closely as they continue to expand their service and grow with the Bitcoin ecosystem.

Shout out to Matt Senter! It was great meeting you & if you ever get the time we would love to have you out at the Raleigh Bitcoin Meetup!

Don't forget to grab the extension and visit the website to start staking sats immediately! https://www.lolli.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Today we finish the amazing journey through Jameson Lopp's thorough compilation of Craig Wright's extensive efforts and complications in trying to convince the world he is Satoshi Nakamoto, the creator of Bitcoin. A huge thank you to Lopp and Bitcoin Magazine for making this extraordinary work available. Don't miss today's conclusion of "How Many Wrongs Make a Wright?" The culprits responsible for this work: www.bitcoinmagazine.com twitter.com/lopp // Lopp.net Check out the article for the video clips, graphics, screenshots, documents, & tons of links that accompany this article: https://bitcoinmagazine.com/articles/op-ed-how-many-wrongs-make-wright Get your copy of the latest issue of the Bitcoin Magazine, back in print! https://store.b.tc/ Don't forget to listen to Dave & Grahm's interview of Lopp on his perspective of the whole fiasco, and journey in putting this work together. https://letstalkbitcoin.com/blog/post/proof-of-wrongs-debunking-faketoshi-feat-jameson-lopp Learn more about your ad choices. Visit megaphone.fm/adchoices

Did you hear about the guy who tried for years to convince the world he was Satoshi?

If you ever wanted to explore the evidence against Craig Wright's dubious claims but simply didn't have the time to sit down and read it, this is the QuikRead for you. Today we begin our journey through Jameson Lopp's thorough compilation of Faketoshi's failed efforts at convincing the world he is Satoshi Nakamoto, the creator of Bitcoin. Published at Bitcoin Magazine, don't miss today's audio of "How Many Wrongs Make a Wright?"

The culprits responsible for making this awesome content available: www.bitcoinmagazine.com twitter.com/lopp // Lopp.net

Check out the article for the video clips, graphics, screenshots, documents, & tons of links that accompany this article: https://bitcoinmagazine.com/articles/op-ed-how-many-wrongs-make-wright

Get your copy of the latest issue of the Bitcoin Magazine, back in print! https://store.b.tc/

Don't forget to listen to Dave & Grahm's interview of Lopp on his perspective of the whole fiasco, and journey in putting this work together. https://letstalkbitcoin.com/blog/post/proof-of-wrongs-debunking-faketoshi-feat-jameson-lopp Learn more about your ad choices. Visit megaphone.fm/adchoices

I got a chance to sit down with Aleks Svetski of the Amber App & blockchain bashing fame at the Bitcoin2019 conference. The Citizen Bitcoin crew joins us to hear his story of bashing ICOs at an ICO conference, and speaking about the Death of Blockchain at a blockchain conference. Don't miss this one.

Aleks other great articles mentioned on the show: https://bitcointimes.news/ ("Blockchain is Dead") https://hackernoon.com/why-bitcoin-matters-c8bf733b9fad https://hackernoon.com/homo-sapiens-evolution-money-bitcoin-33f69701de (in audio) https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_075---Homo-Sapiens--Evolution--Money--Bitcoin-e2nds7

Follow Aleks on Twitter below: https://twitter.com/AleksSvetski

Check out his interview on Citizen Bitcoin for more: https://citizenbitcoin.world/episodes/aleks-svetski-why-bitcoin-matters-why-i

And don't forget to check out the Amber App: https://getamber.io/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Another excellent piece by @beautyon_ and discussion on the nature of Bitcoin's uncontestable monetary standard and what it means for our future. Its not volatility or the risks of a scarce monetary supply, "The danger is being left out of Bitcoin." You have been warned.

Plus I do a short follow-up and general thanks to the BTCMedia and BitcoinMagazine crew for such an awesome Bitcoin2019 conference! Had more fun than should be allowed, lol!

"A Man Warned is Half Saved": https://hackernoon.com/a-man-warned-is-half-saved-f26ff3e9ab38

Follow @Beautyon_ on Twitter for other excellent work and insight, plus check out the Hackernoon publication for all things nerd & tech: https://twitter.com/Beautyon_ https://hackernoon.com/

Also! BitcoinMagazine is back in print! Don't forget to grab the 10 Year Anniversary Edition below before they stop printing: https://store.b.tc/products/bitcoin-magazine-10th-anniversary-edition Learn more about your ad choices. Visit megaphone.fm/adchoices

Today we have a great chat with Richard Myers all about the recently unveiled Lot49 protocol and how Global Mesh Labs intends to incentivize and help build a global, decentralized meshnet powered by Lightning!

Check out the website and read the whitepaper for a deep dive into the project: https://globalmeshlabs.org/

Don’t forget to join the telegram for any questions or to join the community: https://t.me/joinchat/HvhpZhT_q4VYUgXm5hOFGA

Follow Richard Myers & Global Mesh Labs on Twitter to stay up on new developments and applications: https://twitter.com/remyers_ https://twitter.com/GlobalMeshLabs

I forgot to mention on the show, but don't miss out on following the amazing GoTenna project & Daniela Perdomo, the CEO/co-founder working to make this a reality (check out her 2017 talk that inspired Lot49): https://twitter.com/goTenna https://twitter.com/danielaperdomo https://www.youtube.com/watch?v=SWl2HBNyK48 And if, like me, you now feel you have no choice but to start working on your satellite node, you can find the details of that project below: https://blockstream.com/satellite/ Learn more about your ad choices. Visit megaphone.fm/adchoices

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 Learn more about your ad choices. Visit megaphone.fm/adchoices

Does money need some alternative utility? Is there an example of virtual money that could be hundreds of years old? Today we read about one of the most interesting analogies to the nature and value of Bitcoin in the piece, "The Island of Stone Money" by Milton Friedman. Made available by the Hoover institute and published in 1991.

Don't forget to check out the huge collection available at the Hoover Institute, including numerous works by Milton Friedman. https://www.hoover.org/publications/economics-working-papers https://miltonfriedman.hoover.org/friedman_images/Collections/2016c21/Stanford_02_01_1991.pdf

Other episodes and content mentioned in the show: Friedman's "Free to Choose" Series - https://www.youtube.com/watch?v=D3N2sNnGwa4 The Triple-Entry Revolution of Bitcoin - https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_255---Bitcoin-An-Accounting-Revolution-e473tj

There is no sponsor due to the licensing with this work, if you value what I do with this show, please donate to help keep this project alive! Thanks! Learn more about your ad choices. Visit megaphone.fm/adchoices

"Imagine the ideal protocol. It would have the most trustworthy third party imaginable — a deity who is on everybody's side. All the parties would send their input to this god. God would reliably determine the results and return the output. In addition, God, being the ultimate in confessional discretion, would ensure that no party would learn anything more about the other party's input than they could learn from their own input and the output." - Nick Szabo Another great piece by Szabo about the implications of a multi-party virtual computer and the incredible possibilities that such a protocol could open up. With amazing foresight, Szabo wrote this piece in 1997, detailing many of the trade-offs and complications in creating a shared system just like Satoshi's. Is Bitcoin The God Protocol he hoped to see?

Don't forget to check out the collection at the Nakamoto Institute & Szabo's Unenumerated blog: https://nakamotoinstitute.org/the-god-protocols/ https://unenumerated.blogspot.com/2007/08/mutually-private-computation.html

Be sure to follow @nickszabo4 and the @NakamotoInst on twitter! Learn more about your ad choices. Visit megaphone.fm/adchoices

All the buzz is about FacebookCoin, I mean FacePalmCoin, I mean Libra today with the release of the testnet and Libra.org giving much sought after details on the new protocol and what they seek to accomplish with it. The big question, can it do any of what it says, and what other projects does it compete with really? We read numerous twitter posts, including a great thread by Caitlin Long, tweets from Andreas, details sourced by Jameson Lopp, and more in today's Guy's Take episode.

More Links to check out for further exploration: libra.org https://medium.com/@lopp/thoughts-on-libra-blockchain-49b8f6c26372 https://www.forbes.com/sites/caitlinlong/2019/06/09/what-facebooks-cryptocurrency-means-6-predictions/#1ac25ac57022

Twitter threads and posts mentioned in the show: https://twitter.com/aantonop/status/1140939860997562368 https://twitter.com/CaitlinLong_/status/1140963988546547713 https://twitter.com/lopp/status/1140936932203126784 https://twitter.com/aantonop/status/1140937902081417216

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This one should not be skipped!

There is a fascinating precedent set by case law and the long battles over PGP and US "munitions" laws, that gives us a rather clear conclusion on how Bitcoin should be treated by the US government. The short version? Bitcoin is speech, plain and simple, and should be subject to a total of 0 federal or state laws on money transmission, KYC/AML, financial regulations, etc. This is not an opinion, but an objective and clear truth. Listen to a thorough argument from @beautyon_ explaining exactly why.

Don't forget to drop some applause on the original article over at the HackerNoon Medium page: https://hackernoon.com/why-america-cant-regulate-bitcoin-8c77cee8d794

Below is another excellent article by @beautyon_ we covered recently about Bitcoin, and the nature of system critical software: https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_254---Bitcoin--Software-Reliability-e46lnu Learn more about your ad choices. Visit megaphone.fm/adchoices

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 Learn more about your ad choices. Visit megaphone.fm/adchoices

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! Learn more about your ad choices. Visit megaphone.fm/adchoices

This is an episode not to be missed. With a beta project focused entirely on the user experience, the @Breez_tech wallet is making a huge leap in the UX of Lightning that I thought was still months or even a year away. Very excited to discuss it and read an excellent article about all the challenges in the Bitcoin/Lightning user experience, and how they will be overcome. By Roy Sheinfeld, co-Founder of Breez Technology, today we read:

Lightning at the End of the Tunnel: Overcoming Bitcoin's UX Challenges https://medium.com/breez-technology/lightning-at-the-end-of-the-tunnel-overcoming-bitcoins-ux-challenges-5738171c759e

Check out the project on Twitter, check out their website, & Sheinfeld's Medium page to stay up to date on developments: https://twitter.com/Breez_Tech https://breez.technology/ https://medium.com/breez-technology/lightning-at-the-end-of-the-tunnel-overcoming-bitcoins-ux-challenges-5738171c759e

Don't forget to support the show if you are enjoying my work! =D Learn more about your ad choices. Visit megaphone.fm/adchoices

With help from the Bitcoin Optech newsletter we cover details and implications of the newly proposed Erlay protocol for spreading transactions quickly and efficiently across the network. An 84% reduction in bandwidth for getting transactions to every node, is certainly nothing to scoff at. With effects on network efficiency and privacy, let's talk Erlay, Dandelion, & BitcoinOps!

Don't forget to check out and follow the completely free BitcoinOptech Newsletter to stay up on all the new developments in Bitcoin and lightning: https://bitcoinops.org/en/newsletters/2019/06/05/

A link to the official Erlay research paper with tons more data and analysis for a deep dive into this P2P improvement: https://arxiv.org/pdf/1905.10518.pdf Learn more about your ad choices. Visit megaphone.fm/adchoices

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/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Continuing our expedition through the lessons of the Bitcoin Rabbit Hole, we explore the realities of economics & the truth of money that is revealed by Bitcoin’s nature. Don’t miss the next 7 lessons on the economics that bitcoin teaches in our tumble down the rabbit hole. Explore the many other links, graphics, and charts throughout this amazing section, plus the tons of other works available over at dergigi.com https://dergigi.com/bitcoin/lessons/ch2-00-economics/

Follow dergigi on twitter below: https://twitter.com/dergigi Learn more about your ad choices. Visit megaphone.fm/adchoices

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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“Those who argue “high fees will kill adoption” fail to understand the intensity of assurances Bitcoin offers, and the ease at which it does this. Put lightly — Bitcoin is insanely cheap compared to alternative options for obtaining high degrees of assurance. Bitcoin is a vehicle built for moon missions, but we are giving it similar treatment to a scooter.” @imacallyoujawdy

Don't miss an excellent piece exploring the revolution of money and accounting assurances represented in the Bitcoin system. Plus my own commentary on why gold acted as a check to the accounting limitations of the past & why Bitcoin has changed the entire game all over again. From @imacallyoujawdy, we read "Bitcoin: An Accounting Revolution."

Don't forget to check out the full article and follow the author on Twitter: https://twitter.com/ImacallyouJawdy https://medium.com/@permabullnino/bitcoin-an-accounting-revolution-40efcb903d7b Learn more about your ad choices. Visit megaphone.fm/adchoices

" 'Break stuff' in that context means 'Kill People.' The software simply must work every time, no compromise, no guesswork, no exceptions. There are no 'do overs' or roll-backs."

The "To the Moon!" Bitcoin meme is far more relevant than many realize. Bitcoin is mission critical software. It requires a vastly different engineering philosophy and design. With a short, but fun piece by @Beautyon_, we break down the conceptual reasons why the development mentality of Bitcoin should be mirror the mentality of those designing software that carries men & woman to the moon.

Check out, and drop some applause on the original at the link below. Don't forget if you like this work that you can send a donation ot the posted address, along with exploring the many other articles from @beautyon_: https://hackernoon.com/bitcoin-and-software-reliability-d681367a49b2?source=---------13------------------

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Curious about all the #BitcoinTwitter buzz recently? I went digging to find the associated twitter threads & comments to read, and then discuss my own take on all the drama.

Too long; Didn't Listen - • Don't be a jerk. • We aren't responsible for other people's feelings. • If you have to choose between making someone uncomfortable & telling them what you believe to be true, speak the truth. • Open discourse, no matter how "toxic," is preferable to back room political fighting. • These are the consequences of freedom of speech.

The threads in question, plus one I only found after recording the episode (unfortunately) by @TheBlueMatt that's related to the discussion. @soonaorlater (Soona) https://twitter.com/soonaorlater/status/1131985122238971904 @nwoodfine (Neil Woodfine) https://twitter.com/nwoodfine/status/1132138203769581568 @TheBlueMatt (Matt Corallo) https://twitter.com/TheBlueMatt/status/1133040768531214338 https://twitter.com/TheBlueMatt/status/988835275605504000 @Excellion (Samson Mow) https://twitter.com/Excellion/status/1133656769538904065

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Exploring the magic of cryptography using a magic hammer, gray dust, a magic potion, & a pair of very special pajama pants.

Don't miss another read from @Dergigi on the absolute magic of cryptography and how it will utterly change everything we think we know about the world. We are entering a new era of human civilization. Pay close attention, the world will never be the same again.

Check out the other work (plus fun graphics & comics) & amazing collection of work we will be revisiting soon on the show, over at dergigi.com: https://dergigi.com/2018/08/17/the-magic-dust-of-cryptography/

If you prefer Medium, be sure to drop some applause on this article: https://medium.com/@dergigi/the-magic-dust-of-cryptography-c8ecd79ae13a The episode of @CitizenBitcoin mentioned in the show interviewing @dergigi: https://citizenbitcoin.world/episodes/gigi-21-lessons-from-down-the-bitcoin Learn more about your ad choices. Visit megaphone.fm/adchoices

In a crazy conversation from last night's meet-up, I learned of discussion of a purposeful re-org, a 51% attack, on the #BCH chain by 2 miners. After a few hours scrambling to pull details together this morning, this is what I've discovered so far. Don't miss this Guy's Take episode all about the #Bcash 51% attack!

These are the links to the conversations and posts that I found relevant information at: https://honest.cash/kiarahpromise/sigop-counting-4528

Article on hash power dominance of BTC.TOP: https://bitcoinexchangeguide.com/is-bitcoin-cash-under-a-51-percent-attack-as-one-bch-mining-pool-nears-over-half-control/

Reddit Threads: https://www.reddit.com/r/btc/comments/bpwlgx/got_this_in_my_inbox_a_couple_of_minutes_back/ https://www.reddit.com/r/btc/comments/bq6g5h/so_does_this_mean_that_we_unintentionally_killed/ https://www.reddit.com/r/btc/comments/boysr1/bch_upgrade_postmortem/ https://www.reddit.com/r/btc/comments/bqah5p/psa_everybody_stay_alert_im_getting_a_bch/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+reddit%2Fpreh+%28Bitcoin+-+The+Internet+of+Money%29

Found after I finished recording the episode (will update with details in the next show): https://honest.cash/Cheshire_Cat/bitcoin-cash-guardians-and-pirates-in-sight-3334

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Is Bitcoin's security going to be unreliable, volatile, or could it even fail entirely when we lose the block subsidy? Or is #Bitcoin set to operate smoothly with a natural transition from newly minted bitcoin, to transaction fees? Exploring the security of Bitcoin in the next economic era, with Dan Held's amazing piece, "Bitcoin's Security is Fine."

Don't forget to check out Dan Held's other work, the amazing set of links throughout the article, and drop some applause below: https://blog.picks.co/bitcoins-security-is-fine-93391d9b61a8 Don't forget to check out Dan's Held's asset management company, Interchange. Learn more about your ad choices. Visit megaphone.fm/adchoices

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 state of the world. Don't miss the conclusion of Hayek's work, "The Use of Knowledge in Society."

Visit the full piece, and the collection of other great work, economic analysis, news, & more over at fee.org. https://fee.org/articles/the-use-of-knowledge-in-society/#0 Learn more about your ad choices. Visit megaphone.fm/adchoices

Is the idea of a central decision maker for the economy just a problem of gathering all the right information and having the most intelligent in control? Or is there a far more fundamental problem with the entire notion?

Continuing our #Bitcoin economics week, today we dive into a piece on a concept we haven't yet covered. What is the true nature of the knowledge involved in economic activity, and how do we utilize that knowledge to solve the problem of economic organization? A brilliant work by F.A. Hayek and made available by the amazing team over at FEE.org, we cover and expand on Hayek's "Use of Knowledge in Society."

Visit the full piece, and the collection of other great work, economic analysis, news, & more over at fee.org. https://fee.org/articles/the-use-of-knowledge-in-society/#0 Learn more about your ad choices. Visit megaphone.fm/adchoices

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 his other work on Medium. Drop some major applause for this excellent piece at the link below: https://medium.com/@connerjbrown1/bitcoin-has-no-intrinsic-value-and-thats-great-e6994adbfe0f And a reminder to donate if you would like to contribute to the "Bitcoin Attackers Wiki" bounty being organized by JW Weatherman here: https://twitter.com/JWWeatherman_/status/1130146806132822016 Learn more about your ad choices. Visit megaphone.fm/adchoices

Today we cover all the incredible new developments coming to Lightning and what they will mean for the future the protocol! First we tackle the blog post from @Bitrefill introducing the entire list, from AMPs & submarine swaps to trampoline payments & rendezvous routing. Then I discuss at length further details about each and how these tools together may blur the gap between Bitcoin & Lightning, and turn it into a singular experience. Don't miss today's show!

If you don't know much about how Lighting works, I encourage you to listen to yesterday's episode where I talk more specifically about what it is, why it will benefit the network, and how we know we can trust it. https://anchor.fm/thecryptoconomy/episodes/GuysTake_014---The-What--Why---How-of-Lightning-e41pbe

Don't forget to check out Bitrefill.com for an awesome service where you can buy mobile minutes, gift cards, games, LN liquidity, & tons of other stuff with Bitcoin, Lightning & other cryptocurrencies. Check out the original post on their blog below to find links on each of these for further exploration. https://blog.bitrefill.com/the-hottest-lightning-network-tech-features-for-2019-and-beyond-dbaaac6ddfa4 Learn more about your ad choices. Visit megaphone.fm/adchoices

Today, in preparation of & to understand the significance of the vast array of new features and developments coming to lightning, we cover a full overview of the What, Why, & How of the Lightning Network.

What exactly is it, why do we need it, and how exactly does it work? A huge thank you to Aaron Van Wirdum, Pierre Rochard, and Rusty Russell for making this understandable for me, we dive into a high level approach to understanding what’s happening in lightning. In addition, despite forgetting to mention them in the podcast, a shout out to Christian Decker, Andreas Antonopoulos & Bryan Vu who have also produced great great content that helped in my understanding of lightning as well. Learn more about your ad choices. Visit megaphone.fm/adchoices

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 written on the topic of Bitcoin & money, plus check out the other work constantly being produced over at TheNewPaper.io. Learn more about your ad choices. Visit megaphone.fm/adchoices

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. Learn more about your ad choices. Visit megaphone.fm/adchoices

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 for visualizing the relationship between nodes, miners, and the network by visiting the page below: https://medium.com/@StopAndDecrypt Learn more about your ad choices. Visit megaphone.fm/adchoices

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 full list and other work he has put together, and follow him on Twitter so you don't miss other great content and discussion: https://gist.github.com/harding/dabea3d83c695e6b937bf090eddf2bb3?utm_source=share&utm_medium=ios_app https://twitter.com/hrdng Learn more about your ad choices. Visit megaphone.fm/adchoices

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 great work he has spread throughout the piece! https://dergigi.com/bitcoin/ https://medium.com/@dergigi/bitcoins-gravity-e1674ad9f8e4 Here are the other smattering of links & great reads we have covered in earlier episodes: • Unpacking Bitcoin's Social Contract by @Hasu https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_198---Unpacking-Bitcoins-Social-Contract-e2oct5 • Visions of Bitcoin by @Hasu & @nic_carter https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_120---Visions-of-Bitcoin-e2ndqq • Crypto-incrementalism vs Crypto-anarchy by @tonysheng https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_104---Crypto-Incrementalism-vs-Crypto-Anarchy-e2ndrd • The Hodlonaut Defense Fund https://weareallhodlonaut.com/ • The Long Road to SegWit https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_054---The-Long-Road-To-Segwit-e2ndsv • SegWit2X Bugs Explained https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_144---SegWit2x-Bugs-Explained-e2ndq0 Learn more about your ad choices. Visit megaphone.fm/adchoices

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 report to see the numerous charts and data that is difficult to cover in the audio: https://www.adamantcapitalfund.com/blog/ https://docsend.com/view/jwr8qwx Follow the team on Twitter so you don't miss anything: https://twitter.com/TuurDemeester https://twitter.com/MLescrauwaet https://twitter.com/Adamant_Capital Learn more about your ad choices. Visit megaphone.fm/adchoices

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 and data that is difficult to cover in the audio: https://www.adamantcapitalfund.com/blog/ https://docsend.com/view/jwr8qwx Follow the team on Twitter so you don't miss anything: https://twitter.com/TuurDemeester https://twitter.com/MLescrauwaet https://twitter.com/Adamant_Capital Learn more about your ad choices. Visit megaphone.fm/adchoices

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 over to @nicolasdorier's Medium page and drop some applause on this article, plus check out the other great work he has done on other topics: https://medium.com/@nicolasdorier/neutrino-is-dangerous-for-my-self-sovereignty-18fac5bcdc25 Learn more about your ad choices. Visit megaphone.fm/adchoices

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 read tomorrow: https://medium.com/@nicolasdorier/why-i-dont-celebrate-neutrino-206bafa5fda0 https://medium.com/@nicolasdorier Disclaimer: I did not read this article 100% verbatim, as Nicolas's first language is not english, there were multiple slightly odd wordings when read aloud. I corrected minor word choice/order on a few occasions to make the sentences clearer, but without altering the meaning as far as I interpreted it. Any mistakes in this regard are my own. Previous Episode Introducing Neutrino: https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_169---Neutrino-The-Lighter-Side-of-Lightning-e2ndp4 Learn more about your ad choices. Visit megaphone.fm/adchoices

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. --- Send in a voice message: https://anchor.fm/thecryptoconomy/message Learn more about your ad choices. Visit megaphone.fm/adchoices

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 full work to dive much deeper into this topic and so much more at Mises.org and the link below: https://mises.org/library/toward-reconstruction-utility-and-welfare-economics-0#2 Learn more about your ad choices. Visit megaphone.fm/adchoices

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 governments. This paper presents several case studies demonstrating the dangers of a completely intermediated payments system and concludes that electronic cash is a tool that should not only be tolerated, but fostered and celebrated. The Case for Electronic Cash PDF Coincenter.org Jerry Brito on Twitter Cryptoconomy.Life Learn more about your ad choices. Visit megaphone.fm/adchoices

Lightning is complicated, difficult to use, sometimes doesn't work properly, requires a lot of learning and experimentation, and is still a risky place to hold Bitcoin funds. Doesn't this make it a protocol destined to obscurity and disuse? Doesn't it mean that better, simpler options will simply replace it, and Bitcoin is to fail from its extensive limitations? Find out all the ways I find Lightning doesn't do its job well, & what I think it means for the future in today's Guy's Take episode!

Mentioned in the show: paywall.link pollofeed.com schnorr signatures previous Guy's take on the complexity of the internet Learn more about your ad choices. Visit megaphone.fm/adchoices

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 others who have yet to read Nic's amazing body of work! https://medium.com/@nic__carter/how-to-scale-bitcoin-without-changing-a-thing-bc4750dd16c7 Learn more about your ad choices. Visit megaphone.fm/adchoices

"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 (without changing a thing)" We will finish this up with Part 2 tomorrow, but in the mean time please drop some major applause on this work and share it with others who have yet to read Nic's amazing body of work! https://medium.com/@nic__carter/how-to-scale-bitcoin-without-changing-a-thing-bc4750dd16c7 Learn more about your ad choices. Visit megaphone.fm/adchoices

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/ Learn more about your ad choices. Visit megaphone.fm/adchoices

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 Institute! Learn more about your ad choices. Visit megaphone.fm/adchoices

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 like it. Learn more about your ad choices. Visit megaphone.fm/adchoices

"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 for this work and many more like it. Learn more about your ad choices. Visit megaphone.fm/adchoices

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.com/2007/08/exit-and-freedom.html Learn more about your ad choices. Visit megaphone.fm/adchoices

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 there are tons of footnotes and references that I do not cover in the audio for further digging into this topic. They can all be found in the full report. Learn more about your ad choices. Visit megaphone.fm/adchoices

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 of footnotes and references that I do not cover in the audio for further digging into this topic. They can all be found in the full report. Learn more about your ad choices. Visit megaphone.fm/adchoices

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 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 of footnotes and references that I do not cover in the audio for further digging into this topic. They can all be found in the full report. Learn more about your ad choices. Visit megaphone.fm/adchoices

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 over at Mises.org. Learn more about your ad choices. Visit megaphone.fm/adchoices

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 privacy and security than alternatives? Listen to find out. Plus, don't miss my commentary on how this concept, plus others from recent reads, could be applied to the Bitcoin/Lightning stack as well as other altcoins and blockchain applications. There is an entirely new ecosystem at stake, not learning from the failures of the file sharing years could be a recipe for disaster. Don't miss this one. Follow John Backus on Twitter (https://twitter.com/backus) and don't forget to drop applause on his amazing collection of works over on Medium (https://medium.com/@jbackus/minimum-viable-decentralization-d813dcf653fc) Listen to the previous episode by Backus mentioned in the commentary here (https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_141---Fat-Protocols-Arent-New-e2ndq4) Learn more about your ad choices. Visit megaphone.fm/adchoices

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 many other great articles from these two excellent authors. Plus, click their tags on Cryptoconomy.life to find the many other works of theirs we have covered on the show. Learn more about your ad choices. Visit megaphone.fm/adchoices

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. Learn more about your ad choices. Visit megaphone.fm/adchoices

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 your own calendar, feel free to grab the info off of the website. It is obviously free to use and share around. If you would like to save yourself the work, then I have made a calendar you can easily download and import to your own so you can be notified of every one! Find it on Cryptoconomy.life below: https://cryptoconomy.life/calendar/ Mentioned at the beginning of the podcast were Ansel Linder with the Bitcoin & Markets podcast, and the guys over at the Citizen Bitcoin podcast. If you haven't explored their work they have some awesome stuff to check out. Not to be missed! https://twitter.com/btcmrkts https://twitter.com/CitizenBitcoin Learn more about your ad choices. Visit megaphone.fm/adchoices

"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 significant change that Bitcoin ever sees. You don't want to miss this great piece by Lucas Nuzzi covering the ins and outs of Schnorr signatures and how it will change the game for Bitcoin privacy. Drop as many claps as you can on his article below and remember to check out the tons of other great articles of his and others posted on the Digital Assets Research publication: https://medium.com/digitalassetresearch/schnorr-signatures-the-inevitability-of-privacy-in-bitcoin-b2f45a1f7287 Learn more about your ad choices. Visit megaphone.fm/adchoices

"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 paradigm of social institution. Is Bitcoin a competitor to VISA and Paypal, or something else entirely? Check out the full article, plus the rest of this series and many other great articles by clicking the link: https://uncommoncore.co/bitcoin-and-the-promise-of-independent-property-rights/ Subscribe to @Hasufly and @suzhu's medium pages and Twitter tags so you don't miss their next piece! For Parts 1 & 2 of this series in audio if you've yet to cover them, listen at the links below: https://anchor.fm/dashboard/episode/e2ndo3 https://anchor.fm/dashboard/episode/e2oct5 Learn more about your ad choices. Visit megaphone.fm/adchoices

"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 Bitcoin? Can it teach us something about ourselves? Find out in Part 2: Bitcoin is a Social Creature View the graphics and drop some applause on Brandon's article over on his medium page: https://medium.com/@BrandonQuittem/bitcoin-is-a-social-creature-mushroom-part-2-3-6a05c3abe8f0 You can find the link to read or listen to Part 1 here: https://anchor.fm/dashboard/episode/e2sarg And the link to read or listen to Hasu's article referenced in this piece here: https://anchor.fm/dashboard/episode/e2oct5 Learn more about your ad choices. Visit megaphone.fm/adchoices

Disclaimer: If you are an ardent supporter of government projects, believe in the moral fiber of politicians, and in the power of voting to produce the greater good, then you will likely not enjoy this episode. You were warned ;)

It feels like a good day for a long discussion comparing the trust model of government money, and the trust model of a decentralized, proof-of-work blockchain. Aka - Bitcoin vs. The Dollar. So lets take a dive into the various systems, their consequences, and the incentives that envelop both the rules and monetary policy that govern the Bitcoin system, and those that govern our political and banking institutions. Don't forget to check out Cryptoconomy.life to explore more episodes like this plus hundreds of Bitcoin articles made available in audio format. Spoiler alert: The dollar doesn't fair so well. Learn more about your ad choices. Visit megaphone.fm/adchoices

"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 the many other great posts from Hugo over at his Medium page and follow him on Twitter: https://medium.com/@hugonguyen/why-ethereum-architecture-is-flawed-d4eefd15db3e Learn more about your ad choices. Visit megaphone.fm/adchoices

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 the post script at the end of Part 4! https://medium.com/@simonhmorris/decentralized-disruption-who-dares-wins-bittorrent-lessons-for-crypto-4-of-4-f022e8641c1a Learn more about your ad choices. Visit megaphone.fm/adchoices

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 article and going trigger happy on the applause button at: https://medium.com/@simonhmorris/intent-complexity-and-the-governance-paradox-bittorrent-lessons-for-crypto-3-of-4-1d14ac390f3f Learn more about your ad choices. Visit megaphone.fm/adchoices

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 some digital claps at Simon Morris on Medium (also follow him on Twitter) for this great series! https://medium.com/@simonhmorris/if-youre-not-breaking-rules-you-re-doing-it-wrong-bittorrent-lessons-for-crypto-2-of-4-72c68227fe69 To check out the #Lightning developments discussed early in the episode, follow the links below: https://twitter.com/alexbosworth/status/1108414132997353472 https://twitter.com/lightning/status/1108398809481003008 Learn more about your ad choices. Visit megaphone.fm/adchoices

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 industry breaking technology. Find Part 1: Why Bitcoin Mattered, on Simon's Medium page below, along with the rest of this excellent series. Don't forget to drop some claps on this one! https://medium.com/@simonhmorris/why-bittorrent-mattered-bittorrent-lessons-for-crypto-1-of-4-fa3c6fcef488 You can also check him out on Twitter below: https://twitter.com/simonhmorris Learn more about your ad choices. Visit megaphone.fm/adchoices

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 over to https://medium.com/digitalassetresearch/the-resolution-of-the-big-block-experiment-e1df3e38d03f and while you are there be sure to check out his more recent article on Schnorr Signatures and Bitcoin privacy! Follow @LucasNuzzi on Twitter to stay up on the other incredible work he is doing. Learn more about your ad choices. Visit megaphone.fm/adchoices

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/ Learn more about your ad choices. Visit megaphone.fm/adchoices

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 Institute for hosting this incredible work: nakamotoinstitute.org/formalizing-securing-relationships/ Learn more about your ad choices. Visit megaphone.fm/adchoices

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-relationships/ Don't forget to check out the many different elements discussed in the commentary if you want to learn more. Neutrino: https://cryptoconomy.life/2018/10/18/neutrino-the-lighter-side-of-lightning/ Eltoo: https://cryptoconomy.life/2018/05/01/eltoo-a-simplified-update-mechanism-for-lightning/ Learn more about your ad choices. Visit megaphone.fm/adchoices

"... 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, enforce, and control relationships in the world of cyberspace. Check out the full essay at the Nakamoto Institute: https://nakamotoinstitute.org/formalizing-securing-relationships/ And don't forget to follow Szabo on Twitter: https://twitter.com/NickSzabo4 Learn more about your ad choices. Visit megaphone.fm/adchoices

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://blockstream.com/2019/02/18/musig-a-new-multisignature-standard/ Learn more about your ad choices. Visit megaphone.fm/adchoices

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 Learn more about your ad choices. Visit megaphone.fm/adchoices

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. Learn more about your ad choices. Visit megaphone.fm/adchoices

"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 Learn more about your ad choices. Visit megaphone.fm/adchoices

"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 Learn more about your ad choices. Visit megaphone.fm/adchoices

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! Learn more about your ad choices. Visit megaphone.fm/adchoices

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! Learn more about your ad choices. Visit megaphone.fm/adchoices

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. Learn more about your ad choices. Visit megaphone.fm/adchoices

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. --- Send in a voice message: https://anchor.fm/thecryptoconomy/message Learn more about your ad choices. Visit megaphone.fm/adchoices

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 others to stay up on the incredible stuff happening at Casa! These guys are changing the game on the daily! Learn more about your ad choices. Visit megaphone.fm/adchoices

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 --- Send in a voice message: https://anchor.fm/thecryptoconomy/message Learn more about your ad choices. Visit megaphone.fm/adchoices

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 the Full Article. Learn more about your ad choices. Visit megaphone.fm/adchoices

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. --- Send in a voice message: https://anchor.fm/thecryptoconomy/message Learn more about your ad choices. Visit megaphone.fm/adchoices

"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. --- Send in a voice message: https://anchor.fm/thecryptoconomy/message Learn more about your ad choices. Visit megaphone.fm/adchoices

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 follow them on Twitter. --- Send in a voice message: https://anchor.fm/thecryptoconomy/message Learn more about your ad choices. Visit megaphone.fm/adchoices

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? --- Send in a voice message: https://anchor.fm/thecryptoconomy/message Learn more about your ad choices. Visit megaphone.fm/adchoices

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/

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A look at the crazy past, the present, and the future of Bitcoin and where I think things are headed. Bitcoin is here to stay and there are 10 amazing years of Proof-of-Survival I can point to as evidence. Happy Birthday Bitcoin, may the next 10 years be just as crazy! --- Send in a voice message: https://anchor.fm/thecryptoconomy/message Learn more about your ad choices. Visit megaphone.fm/adchoices

"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 @bquittem Drop some applause on the article and check out the graphics and many links to videos, other articles, and websites that expand and elaborate on the fascinating world of mycelia at: https://medium.com/@BrandonQuittem/bitcoin-is-a-decentralized-organism-mycelium-part-1-3-6ec58cdcfaa6 --- Learn more about your ad choices. Visit megaphone.fm/adchoices

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://twitter.com/CoinBeezy (silent 4th guest) https://twitter.com/curlydream60e Mentioned on the show: https://lightningjoule.com/ https://tippin.me/ https://althea.org/ https://www.gotenna.com/ https://samouraiwallet.com/ https://www.opennode.co/ https://www.wasabiwallet.io/ Learn more about your ad choices. Visit megaphone.fm/adchoices

“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 --- Send in a voice message: https://anchor.fm/thecryptoconomy/message Learn more about your ad choices. Visit megaphone.fm/adchoices

"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/ --- Send in a voice message: https://anchor.fm/thecryptoconomy/message Learn more about your ad choices. Visit megaphone.fm/adchoices

"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 ecosystem? Listen to find out. Don't forget to follow @hasufly on Medium & Twitter and drop some major applause on the article: https://medium.com/@hasufly/bitcoins-social-contract-1f8b05ee24a9?sk=27e8cf65d45c46ffae1466ce2ac31b48 --- Send in a voice message: https://anchor.fm/thecryptoconomy/message Learn more about your ad choices. Visit megaphone.fm/adchoices

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 Support the Show: Amazon Affiliate = https://www.amazon.com/?ref-refURL=http%3A%2F%2Fcryptoconomy.life%2F&slotNum=0&imprToken=VhrSTpOr6TI14NXKJA96Eg&tag=cryptoconomy-20&linkCode=w21 Trezor Affiliate = https://shop.trezor.io/?a=a3faa8ed30e1 --- Send in a voice message: https://anchor.fm/thecryptoconomy/message Learn more about your ad choices. Visit megaphone.fm/adchoices

"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's episode with part 2 on @Hasufly's medium page:Part 1 - An Honest Account of Fiat MoneyPart 2 - Unpacking Bitcoin's Social Contract 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

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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 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

Support the show:Shop.Trezor.io Affiliate LinkThe Drunkard’s Walk: How Randomness Rules Our LivesMastering Bitcoin

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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 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

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"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 Node:03609e92ab6dff378b6a7aca6f856bf5e9d56cadd622bd402a9b03d9a583c817b5@45.37.168.76 Donate Bitcoin to help the show & provide Liquidity for my #Lightning Node:31sBReBuAA9QznVRRrcsjdGp9oc4ajnS4t

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"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:03609e92ab6dff378b6a7aca6f856bf5e9d56cadd622bd402a9b03d9a583c817b5@45.37.168.76 Donate Bitcoin to help the show & provide Liquidity for my #Lightning Node:31sBReBuAA9QznVRRrcsjdGp9oc4ajnS4t

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"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:03609e92ab6dff378b6a7aca6f856bf5e9d56cadd622bd402a9b03d9a583c817b5@45.37.168.76 Donate Bitcoin to help the show & provide Liquidity for my #Lightning Node:31sBReBuAA9QznVRRrcsjdGp9oc4ajnS4t

Support the show:Shop.Trezor.io Affiliate LinkThe Drunkard’s Walk: How Randomness Rules Our LivesMastering Bitcoin

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"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@45.37.168.76 Donate Bitcoin to help the show & provide Liquidity for my #Lightning Node:31sBReBuAA9QznVRRrcsjdGp9oc4ajnS4t

Support the show:Shop.Trezor.io Affiliate LinkThe Drunkard’s Walk: How Randomness Rules Our LivesMastering Bitcoin

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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 help the show & provide Liquidity for my #Lightning Node:31sBReBuAA9QznVRRrcsjdGp9oc4ajnS4t

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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 & provide Liquidity for my #Lightning Node:31sBReBuAA9QznVRRrcsjdGp9oc4ajnS4t

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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:03609e92ab6dff378b6a7aca6f856bf5e9d56cadd622bd402a9b03d9a583c817b5@45.37.168.76 Donate Bitcoin to help the show & provide Liquidity for my #Lightning Node:31sBReBuAA9QznVRRrcsjdGp9oc4ajnS4t

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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@45.37.168.76 Donate Bitcoin to help the show & provide Liquidity for my #Lightning Node:31sBReBuAA9QznVRRrcsjdGp9oc4ajnS4t

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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@45.37.168.76 Donate Bitcoin to help the show & provide Liquidity for my #Lightning Node:31sBReBuAA9QznVRRrcsjdGp9oc4ajnS4t

Support the show:Shop.Trezor.io Affiliate LinkThe Drunkard’s Walk: How Randomness Rules Our LivesMastering Bitcoin

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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@45.37.168.76 Donate Bitcoin to help the show & provide Liquidity for my #Lightning Node:31sBReBuAA9QznVRRrcsjdGp9oc4ajnS4t

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"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:03609e92ab6dff378b6a7aca6f856bf5e9d56cadd622bd402a9b03d9a583c817b5@45.37.168.76 Donate Bitcoin to help the show & provide Liquidity for my #Lightning Node:31sBReBuAA9QznVRRrcsjdGp9oc4ajnS4t Support the show:Shop.Trezor.io Affiliate LinkThe Drunkard’s Walk: How Randomness Rules Our LivesMastering Bitcoin

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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 Node:03609e92ab6dff378b6a7aca6f856bf5e9d56cadd622bd402a9b03d9a583c817b5@45.37.168.76 Donate Bitcoin to help the show & provide Liquidity for my #Lightning Node:31sBReBuAA9QznVRRrcsjdGp9oc4ajnS4t Support the show:Shop.Trezor.io Affiliate LinkThe Drunkard’s Walk: How Randomness Rules Our LivesMastering Bitcoin Learn more about your ad choices. Visit megaphone.fm/adchoices

"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 Fidelity Digital Assets (@DigitalAssets) for developments in the top professional custody solutions:https://medium.com/@FidelityDigitalAssets/custody-in-the-age-of-digital-assets-95799f347016 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 and provide Liquidity for my #Lightning Node:31sBReBuAA9QznVRRrcsjdGp9oc4ajnS4tSupport the show:Shop.Trezor.io Affiliate LinkThe Drunkard’s Walk: How Randomness Rules Our LivesMastering Bitcoin Learn more about your ad choices. Visit megaphone.fm/adchoices

"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/the-business-of-bitcoin-cold-storage-148fba7f1255 Other great works by Nik Bhatia covered in this show:Interview with Nik BhatiaThe Bitcoin Second LayerTime Value of BTCThe Bitcoin Risk Spectrum _________________________________________________ Support the show:Shop.Trezor.io Affiliate LinkThe Drunkard’s Walk: How Randomness Rules Our LivesMastering Bitcoin Or Donate To:3Nn8jJSfK2oFherVWQUGXgesvHpzbMckz5 Learn more about your ad choices. Visit megaphone.fm/adchoices

"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/story/what-is-it-like-to-be-a-bitcoin-56109f3e6753 Support the show:Shop.Trezor.io Affiliate LinkThe Drunkard’s Walk: How Randomness Rules Our LivesMastering Bitcoin Or Donate To:3Nn8jJSfK2oFherVWQUGXgesvHpzbMckz5 Learn more about your ad choices. Visit megaphone.fm/adchoices

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 Learn more about your ad choices. Visit megaphone.fm/adchoices

"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 Learn more about your ad choices. Visit megaphone.fm/adchoices

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 Learn more about your ad choices. Visit megaphone.fm/adchoices

@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 Randomness Rules Our LivesMastering Bitcoin Or Donate To:3Nn8jJSfK2oFherVWQUGXgesvHpzbMckz5 Learn more about your ad choices. Visit megaphone.fm/adchoices

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 solid foundation for understanding the incredible potential of #Bitcoin:https://nakamotoinstitute.org Support the show:Shop.Trezor.io Affiliate LinkThe Drunkard’s Walk: How Randomness Rules Our LivesMastering Bitcoin Or Donate To:3Nn8jJSfK2oFherVWQUGXgesvHpzbMckz5 Learn more about your ad choices. Visit megaphone.fm/adchoices

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 foundation for understanding the incredible potential of #Bitcoin:https://nakamotoinstitute.org Support the show:Shop.Trezor.io Affiliate LinkThe Drunkard’s Walk: How Randomness Rules Our LivesMastering Bitcoin Or Donate To:3Nn8jJSfK2oFherVWQUGXgesvHpzbMckz5 Learn more about your ad choices. Visit megaphone.fm/adchoices

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 foundation for understanding the incredible potential of #Bitcoin:https://nakamotoinstitute.org Support the show:Shop.Trezor.io Affiliate LinkThe Drunkard’s Walk: How Randomness Rules Our LivesMastering Bitcoin Or Donate To:3Nn8jJSfK2oFherVWQUGXgesvHpzbMckz5 --- Send in a voice message: https://anchor.fm/thecryptoconomy/message Learn more about your ad choices. Visit megaphone.fm/adchoices

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 solid foundation for understanding the incredible potential of #Bitcoin:https://nakamotoinstitute.org Support the show:Shop.Trezor.io Affiliate LinkThe Drunkard’s Walk: How Randomness Rules Our LivesMastering Bitcoin Or Donate To:3Nn8jJSfK2oFherVWQUGXgesvHpzbMckz5 Learn more about your ad choices. Visit megaphone.fm/adchoices

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-subzero-ee9e3e071827https://twitter.com/alokmenghrajani Support the show:Shop.Trezor.io Affiliate LinkThe Drunkard’s Walk: How Randomness Rules Our LivesMastering Bitcoin Or Donate To:3Nn8jJSfK2oFherVWQUGXgesvHpzbMckz5 - Learn more about your ad choices. Visit megaphone.fm/adchoices

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 Learn more about your ad choices. Visit megaphone.fm/adchoices

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 TREZOR?Shop.Trezor.io Affiliate Link Or Donate To:3Nn8jJSfK2oFherVWQUGXgesvHpzbMckz5 Learn more about your ad choices. Visit megaphone.fm/adchoices

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:3Nn8jJSfK2oFherVWQUGXgesvHpzbMckz5 Learn more about your ad choices. Visit megaphone.fm/adchoices

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:3Nn8jJSfK2oFherVWQUGXgesvHpzbMckz5 Learn more about your ad choices. Visit megaphone.fm/adchoices

“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 Hack Explained: By Daniel GoldmanVerge Hack Part Deux: By Daniel Goldman Support the show:Looking to Secure your Bitcoin with TREZOR?Shop.Trezor.io Affiliate Link Or Donate To:3Nn8jJSfK2oFherVWQUGXgesvHpzbMckz5 Learn more about your ad choices. Visit megaphone.fm/adchoices

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 work on his website and follow him on Twitter:https://www.tonysheng.com/crypto-adoption-gameshttps://twitter.com/tonysheng Support the show:Looking to Secure your Bitcoin with TREZOR?Shop.Trezor.io Affiliate Link Or Donate To:3Nn8jJSfK2oFherVWQUGXgesvHpzbMckz5 Learn more about your ad choices. Visit megaphone.fm/adchoices

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 the show:Looking to Secure your Bitcoin with TREZOR?Shop.Trezor.io Affiliate Link Or Donate To:3Nn8jJSfK2oFherVWQUGXgesvHpzbMckz5 Learn more about your ad choices. Visit megaphone.fm/adchoices

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 Or Donate To:3Nn8jJSfK2oFherVWQUGXgesvHpzbMckz5 Learn more about your ad choices. Visit megaphone.fm/adchoices

“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.orgRobert Murphy's Choice Later Additions:Economics in One Lesson - Henry HazlittBasic Economics - Thomas Sowell Support the show:Looking to Secure your Bitcoin with TREZOR?Shop.Trezor.io Affiliate Link Or Donate To:3Nn8jJSfK2oFherVWQUGXgesvHpzbMckz5 Learn more about your ad choices. Visit megaphone.fm/adchoices

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/strong-federations-paper-released-liquid.htmlhttps://blockstream.com/strong-federations.pdf Authors Johnny Dilley, Jonathan Wilkins, and Marta Piekarska Support the show:Looking to Secure your Bitcoin with TREZOR?Shop.Trezor.io Affiliate Link Or Donate To:3Nn8jJSfK2oFherVWQUGXgesvHpzbMckz5 Learn more about your ad choices. Visit megaphone.fm/adchoices

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/2018/10/10/liquid-launch.htmlhttps://twitter.com/Excellion And see the other threads discussed in the episode below:https://twitter.com/LucasNuzzi/status/1050181396591972353https://twitter.com/PMillerCoin/status/1050197853421723648 Support the show:Looking to Secure your Bitcoin with TREZOR?Shop.Trezor.io Affiliate Link Or Donate To:3Nn8jJSfK2oFherVWQUGXgesvHpzbMckz5 Learn more about your ad choices. Visit megaphone.fm/adchoices

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 TREZOR?Shop.Trezor.io Affiliate Link Or Donate To:3Nn8jJSfK2oFherVWQUGXgesvHpzbMckz5 Learn more about your ad choices. Visit megaphone.fm/adchoices

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 TREZOR?Shop.Trezor.io Affiliate Link Or Donate To:3Nn8jJSfK2oFherVWQUGXgesvHpzbMckz5 Learn more about your ad choices. Visit megaphone.fm/adchoices

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 Learn more about your ad choices. Visit megaphone.fm/adchoices

“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 Cypherpunk's Manifesto.https://www.activism.net/cypherpunk/manifesto.html Support the show:Looking to Secure your Bitcoin with TREZOR?Shop.Trezor.io Affiliate Link Or Donate To:3Nn8jJSfK2oFherVWQUGXgesvHpzbMckz5 Learn more about your ad choices. Visit megaphone.fm/adchoices

“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 your Bitcoin with TREZOR?Shop.Trezor.io Affiliate Link Or Donate To:3Nn8jJSfK2oFherVWQUGXgesvHpzbMckz5 Learn more about your ad choices. Visit megaphone.fm/adchoices

“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-untold-history-of-blockchain-30238a89be5d Don’t forget to follow him on Medium and Twitter:https://twitter.com/PetriB2 Support the show:Looking to Secure your Bitcoin with TREZOR?Shop.Trezor.io Affiliate Link Or Donate To:3Nn8jJSfK2oFherVWQUGXgesvHpzbMckz5 Learn more about your ad choices. Visit megaphone.fm/adchoices

“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.podbean.com/ Support the show:Looking to Secure your Bitcoin with TREZOR?Shop.Trezor.io Affiliate Link Or Donate To:3Nn8jJSfK2oFherVWQUGXgesvHpzbMckz5 Learn more about your ad choices. Visit megaphone.fm/adchoices

"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/hugohanoihttps://medium.com/@hugonguyen Support the show:Looking to Secure your Bitcoin with TREZOR?Shop.Trezor.io Affiliate Link Or Donate To:3Nn8jJSfK2oFherVWQUGXgesvHpzbMckz5 Learn more about your ad choices. Visit megaphone.fm/adchoices

“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 Bitcoin with TREZOR?Shop.Trezor.io Affiliate Link Or Donate To:3Nn8jJSfK2oFherVWQUGXgesvHpzbMckz5 Learn more about your ad choices. Visit megaphone.fm/adchoices

“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 Twitter and be sure to listen to the Noded Podcast:https://twitter.com/pierre_rochardhttps://twitter.com/NodedPodcast Support the show:Looking to Secure your Bitcoin with TREZOR?Shop.Trezor.io Affiliate Link Or Donate To:3Nn8jJSfK2oFherVWQUGXgesvHpzbMckz5 Learn more about your ad choices. Visit megaphone.fm/adchoices

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 Affiliate Link Or Donate To:3Nn8jJSfK2oFherVWQUGXgesvHpzbMckz5 Learn more about your ad choices. Visit megaphone.fm/adchoices

"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 Learn more about your ad choices. Visit megaphone.fm/adchoices

“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 Bitcoin with TREZOR?Shop.Trezor.io Affiliate Link Or Donate To:3Nn8jJSfK2oFherVWQUGXgesvHpzbMckz5 Learn more about your ad choices. Visit megaphone.fm/adchoices

“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 Donate To:3Nn8jJSfK2oFherVWQUGXgesvHpzbMckz5 Learn more about your ad choices. Visit megaphone.fm/adchoices

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 Learn more about your ad choices. Visit megaphone.fm/adchoices

“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 your Bitcoin with TREZOR?Shop.Trezor.io Affiliate Link Or Donate To:3Nn8jJSfK2oFherVWQUGXgesvHpzbMckz5 Learn more about your ad choices. Visit megaphone.fm/adchoices

“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:3Nn8jJSfK2oFherVWQUGXgesvHpzbMckz5 Learn more about your ad choices. Visit megaphone.fm/adchoices

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 TREZOR?Shop.Trezor.io Affiliate Link Or Donate To:3Nn8jJSfK2oFherVWQUGXgesvHpzbMckz5 Learn more about your ad choices. Visit megaphone.fm/adchoices

“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 forget to follow @BitcoinMagazine and @AaronvanW:https://twitter.com/AaronvanWhttps://twitter.com/BitcoinMagazine Support the show:Looking to Secure your Bitcoin with TREZOR?Shop.Trezor.io Affiliate Link Or Donate To:3Nn8jJSfK2oFherVWQUGXgesvHpzbMckz5 Learn more about your ad choices. Visit megaphone.fm/adchoices

“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 Link Or Donate To:3Nn8jJSfK2oFherVWQUGXgesvHpzbMckz5 Learn more about your ad choices. Visit megaphone.fm/adchoices

"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 Applaud for the full article and explore Nic's other great work:https://medium.com/castle-island-ventures/how-to-critique-bitcoin-a-guide-3e36b26f9642 Support the show:Looking to Secure your Bitcoin with TREZOR?Shop.Trezor.io Affiliate Link Or Donate To:3Nn8jJSfK2oFherVWQUGXgesvHpzbMckz5 Learn more about your ad choices. Visit megaphone.fm/adchoices

"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-d43bf0cf058aFollow him on Twitter:https://twitter.com/rusty_twit Support the show:Looking to Secure your Bitcoin with TREZOR?Shop.Trezor.io Affiliate Link Or Donate To:3Nn8jJSfK2oFherVWQUGXgesvHpzbMckz5 Learn more about your ad choices. Visit megaphone.fm/adchoices

“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 Learn more about your ad choices. Visit megaphone.fm/adchoices

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://bitcointechtalk.com/segwit2x-bugs-explained-8e0c286124bc Support the show:Looking to Secure your Bitcoin with TREZOR?Shop.Trezor.io Affiliate Link Or Donate To:3Nn8jJSfK2oFherVWQUGXgesvHpzbMckz5 Learn more about your ad choices. Visit megaphone.fm/adchoices

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/ Support the show:Looking to Secure your Bitcoin with TREZOR?Shop.Trezor.io Affiliate Link Or Donate To:3Nn8jJSfK2oFherVWQUGXgesvHpzbMckz5 Learn more about your ad choices. Visit megaphone.fm/adchoices

“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 other episodes chatting with Nik and reading his other great work.CryptoChat_003 with Nik Bhatia: https://cryptoconomy.podbean.com/e/cryptochat_003-nik-bhatia-on-the-future-of-bitcoin-financial-markets/LNRR Part 1: https://cryptoconomy.podbean.com/e/cryptoquikread_132-the-bitcoin-second-layer/LNRR Part 3: https://cryptoconomy.podbean.com/e/cryptoquikread_109-the-bitcoin-risk-spectrum/ Support the show:Looking to Secure your Bitcoin with TREZOR?Shop.Trezor.io Affiliate Link Or Donate To:3Nn8jJSfK2oFherVWQUGXgesvHpzbMckz5 Learn more about your ad choices. Visit megaphone.fm/adchoices

-- “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 Amy Castor's written work on her website:https://amycastor.com/my-writing/And don't miss @CitizenBticoin's podcast to hear us discuss Eric Wall's tweet thread on "ICO idiocy":https://citizenbitcoin.world/ Support the show:Looking to Secure your Bitcoin with TREZOR?Shop.Trezor.io Affiliate Link Or Donate To:3Nn8jJSfK2oFherVWQUGXgesvHpzbMckz5 --- Learn more about your ad choices. Visit megaphone.fm/adchoices

“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 Support the show:Looking to Secure your Bitcoin with TREZOR?Shop.Trezor.io Affiliate Link Or Donate To:3Nn8jJSfK2oFherVWQUGXgesvHpzbMckz5 Learn more about your ad choices. Visit megaphone.fm/adchoices

“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://twitter.com/alexbosworthhttps://cryptoconomy.podbean.com/e/cryptoquikread_076-the-verge-hack-explained/https://cryptoconomy.podbean.com/e/cryptoquikread_094-lets-do-the-time-warp-again-verge-hack-part-deux/https://cryptoconomy.podbean.com/e/cryptochat-with-daniel-goldman-verge-digital-gold-forks-and-going-down-the-rabbit-hole/ Support the show:Looking to Secure your Bitcoin with TREZOR?Shop.Trezor.io Affiliate Link Or Donate To:3Nn8jJSfK2oFherVWQUGXgesvHpzbMckz5 Learn more about your ad choices. Visit megaphone.fm/adchoices

“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.theabacus.io/ Mentioned in the Episode:https://twitter.com/alexbosworthhttps://cryptoconomy.podbean.com/e/cryptoquikread_076-the-verge-hack-explained/https://cryptoconomy.podbean.com/e/cryptoquikread_094-lets-do-the-time-warp-again-verge-hack-part-deux/https://cryptoconomy.podbean.com/e/cryptochat-with-daniel-goldman-verge-digital-gold-forks-and-going-down-the-rabbit-hole/ Support the show:Looking to Secure your Bitcoin with TREZOR?Shop.Trezor.io Affiliate Link Or Donate To:3Nn8jJSfK2oFherVWQUGXgesvHpzbMckz5 Learn more about your ad choices. Visit megaphone.fm/adchoices

"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 (Zerolink)ZeroLinkJoinMarketBreeze Wallet (TumbleBit)TumbleBit Learn more about your ad choices. Visit megaphone.fm/adchoices

"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 Link Or Donate To:3Nn8jJSfK2oFherVWQUGXgesvHpzbMckz5 Learn more about your ad choices. Visit megaphone.fm/adchoices

"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 Or Donate To:3Nn8jJSfK2oFherVWQUGXgesvHpzbMckz5 Learn more about your ad choices. Visit megaphone.fm/adchoices

“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:https://haseebq.com/ Support the show:Looking to Secure your Bitcoin with TREZOR?Shop.Trezor.io Affiliate Link Or Donate To:3Nn8jJSfK2oFherVWQUGXgesvHpzbMckz5 Learn more about your ad choices. Visit megaphone.fm/adchoices

"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 Or Donate To:3Nn8jJSfK2oFherVWQUGXgesvHpzbMckz5 Learn more about your ad choices. Visit megaphone.fm/adchoices

"...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 Support the show:Looking to Secure your Bitcoin with TREZOR?Shop.Trezor.io Affiliate Link Or Donate To:3Nn8jJSfK2oFherVWQUGXgesvHpzbMckz5 Learn more about your ad choices. Visit megaphone.fm/adchoices

“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 Learn more about your ad choices. Visit megaphone.fm/adchoices

“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 with TREZOR?Shop.Trezor.io Affiliate Link Or Donate To:3Nn8jJSfK2oFherVWQUGXgesvHpzbMckz5 Learn more about your ad choices. Visit megaphone.fm/adchoices

“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 TREZOR?Shop.Trezor.io Affiliate Link Or Donate To:3Nn8jJSfK2oFherVWQUGXgesvHpzbMckz5 Learn more about your ad choices. Visit megaphone.fm/adchoices

“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 Support the show:Looking to Secure your Bitcoin with TREZOR?Shop.Trezor.io Affiliate Link Or Donate To:3Nn8jJSfK2oFherVWQUGXgesvHpzbMckz5 Learn more about your ad choices. Visit megaphone.fm/adchoices

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.Trezor.io Affiliate Link Or Donate To:3Nn8jJSfK2oFherVWQUGXgesvHpzbMckz5 Learn more about your ad choices. Visit megaphone.fm/adchoices

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 to Secure your Bitcoin with TREZOR?Shop.Trezor.io Affiliate Link Or Donate To:3Nn8jJSfK2oFherVWQUGXgesvHpzbMckz5 Learn more about your ad choices. Visit megaphone.fm/adchoices

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 with TREZOR?Shop.Trezor.io Affiliate Link Or Donate To:3Nn8jJSfK2oFherVWQUGXgesvHpzbMckz5 Learn more about your ad choices. Visit megaphone.fm/adchoices

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 to Secure your Bitcoin with TREZOR?Shop.Trezor.io Affiliate Link Or Donate To:3Nn8jJSfK2oFherVWQUGXgesvHpzbMckz5 Learn more about your ad choices. Visit megaphone.fm/adchoices

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 referenced article on mining centralization at blog.sia.tech:https://cryptoconomy.podbean.com/e/cryptoquikread_069-the-state-of-cryptocurrency-mining/ Support the show:Looking to Secure your Bitcoin with TREZOR?Shop.Trezor.io Affiliate Link Or Donate To:3Nn8jJSfK2oFherVWQUGXgesvHpzbMckz5 Learn more about your ad choices. Visit megaphone.fm/adchoices

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: Donate To: 3Nn8jJSfK2oFherVWQUGXgesvHpzbMckz5

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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 To:3Nn8jJSfK2oFherVWQUGXgesvHpzbMckz5 Learn more about your ad choices. Visit megaphone.fm/adchoices

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 Learn more about your ad choices. Visit megaphone.fm/adchoices

“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-yes-in-theory-6964eead5b84 Support the show:Looking to Secure your Bitcoin with TREZOR?Shop.Trezor.io Affiliate Link Or Donate To:3Nn8jJSfK2oFherVWQUGXgesvHpzbMckz5 Learn more about your ad choices. Visit megaphone.fm/adchoices

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 great work:https://twitter.com/nic__carterhttps://twitter.com/hasufl Support the show:Looking to Secure your Bitcoin with TREZOR?Shop.Trezor.io Affiliate Link Or Donate To:3Nn8jJSfK2oFherVWQUGXgesvHpzbMckz5 Learn more about your ad choices. Visit megaphone.fm/adchoices

The SEC has disapproved the Winklevoss twin's second attempt at a Bitcoin ETP for traditional markets. Rife with contradictions & misunderstandings, a thorough rebuttal comes in a "Letter of Dissent" from none other than the SEC Commissioner herself! Don't miss today's episode!

Links to content referenced and sourced to bring together the information for today’s episode: https://bitcoinmagazine.com/articles/winklevoss-bitcoin-etf-proposal-denied-us-sec/ https://www.coindesk.com/winklevoss-brothers-bitcoin-etf-rejected-by-sec-for-second-time/ https://www.sec.gov/rules/other/2018/34-83723.pdf https://www.sec.gov/news/public-statement/peirce-dissent-34-83723#.W1o-36vBMDU.twitter

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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://nakamotoinstitute.org/secure-property-titles/#selection-7.7-7.50 Video with Peter Wuille referenced in the commentary:https://www.youtube.com/watch?v=YSUVRj8iznU My own article referenced in the commentary:Written - https://medium.com/@thecryptoconomy/7-misunderstandings-of-bitcoins-scaling-problem-c5142e938a68Audio - https://www.podbean.com/media/share/pb-t7qjf-8e4fe2 Support the show:Looking to Secure your Bitcoin with TREZOR?Shop.Trezor.io Affiliate Link Or Donate To:3Nn8jJSfK2oFherVWQUGXgesvHpzbMckz5 - Learn more about your ad choices. Visit megaphone.fm/adchoices

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?Shop.Trezor.io Affiliate Link Or Donate To:3Nn8jJSfK2oFherVWQUGXgesvHpzbMckz5 Learn more about your ad choices. Visit megaphone.fm/adchoices

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/1021795224958455810 Support the show:Looking to Secure your Bitcoin with TREZOR?Shop.Trezor.io Affiliate Link Or Donate To:3Nn8jJSfK2oFherVWQUGXgesvHpzbMckz5 Learn more about your ad choices. Visit megaphone.fm/adchoices

The Lightning Reference Rate, Changes in Lightning Tech #eltoo, Returns without Counterparty Risk, CFA Institute Enters Crypto, ETFs on the horizon, Futures, and a revolution in Financial Markets.

Listen to this CryptoChat with Nik Bhatia for all this and more!

Previous episode covering @timevalueofbtc's article "The Bitcoin Risk Spectrum": https://cryptoconomy.podbean.com/e/cryptoquikread_109-the-bitcoin-risk-spectrum/

Links to the full article and Bhatia's (@timevalueofbtc) Medium page. Don't forget to clap for his article on Medium if you enjoyed the episode! https://medium.com/@timevalueofbtc/the-bitcoin-risk-spectrum-949f6abec290 Learn more about your ad choices. Visit megaphone.fm/adchoices

“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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Thanks to the incredible work by Pieter Wuille (@pwuille) and others, #Schnorr signature scheme has an official proposal. Despite still much work and testing to be done, schnorr is poised to grant #Bitcoin a plethora of amazing improvements.

Listen to @AlyssaHertig’s article from @coindesk to learn more! Check out the article and other news and developments throughout the Cryptoconomy at: https://www.coindesk.com/schnorr-is-looking-poised-to-become-bitcoins-biggest-change-since-segwit/

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The future of #Crypto, Bitcoin, New Developments, Shitcoins?, and really really Bad Movies! Don't miss a great time with the FAGcast crew! Follow them on Twitter! @CarCampIt @birdarchist

Check out their Awesome Podcast! https://friendsagainstgovernment.podbean.com/

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“It's actually the protocol (Nakamoto consensus, which is highly distributed) combined with strong cryptography, rather than just decentralization per se, that is the source of the far higher reliability and and much lower vulnerability of block chains.” - @NickSzabo4

Check out Szabo’s incredible blog, Unenumerated, at: https://unenumerated.blogspot.com/2014/12/the-dawn-of-trustworthy-computing.html

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“We are soon going to be able to use Bitcoin in an end-to-end, fully anonymous way.” - @nopara73

Check out the article and other links at: https://medium.com/@nopara73/wasabi-privacy-focused-bitcoin-wallet-for-desktop-3962d567045a

Check out his talk from Building on Bitcoin starting at 17min: https://youtu.be/XORDEX-RrAI?t=17m Learn more about your ad choices. Visit megaphone.fm/adchoices

The 4th in the excellent Genesis Files Series from Aaron Van Wirdum (@AaronvanW) and Bitcoin Magazine (@BitcoinMagazine). Today we read about BitGold and How Nick Szabo (@NickSzabo4) was "Inches From Inventing Bitcoin."

Check out the full article, the previous of the Genesis Files series, and other excellent work from Aaron Van Wirdum and the crew at Bitcoin Magazine: https://bitcoinmagazine.com/articles/genesis-files-bit-gold-szabo-was-inches-away-inventing-bitcoin/

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“Given an adversarial environment I don’t believe you can maintain secure decentralized consensus AND have timely confirmation between arbitrary parties AND scale up to a large number of nodes/transactions." - @SarahJamieLewis

Check out her article and other work at: https://fieldnotes.resistant.tech/dags-and-decentralization/

And don’t forget to follow her on Twitter @SarahJamieLewis Learn more about your ad choices. Visit megaphone.fm/adchoices

"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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"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

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Challenges with Verge, thoughts on Bitcoin maximalism, the inevitability of forks and altcoins, and our first trips down the rabbit hole. All this and more with Daniel Goldman [@dzack23].

• Find his articles at https://blog.theabacus.io/@dzack23 • You can also listen to the two on The Verge Hack on episodes 76 and 94 of this podcastMentioned on the Show: The Blockchain Man - (@TaylorPearsonMe) Money, Blockchains, and Social Scalability - (@NickSzabo4) Sharding Centralizes Ethereum By Selling you Scaling In Disguised as Scaling Out - (@StopAndDecrypt) About My Tweet From Yesterday - (@VladZamfir) The Verge Hack Explained - (@DZack23)

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"Dai would become best known for an idea he casually announced in November 1998… 'I hope this is a step toward making crypto-anarchy a practical as well as theoretical possibility.' He called his proposal B-Money." - Aaron Van Wirdum

Be sure to check out Aaron’s extensive work and the always excellent journalism from the Bitcoin Magazine team: https://bitcoinmagazine.com/articles/genesis-files-if-bitcoin-had-first-draft-wei-dais-b-money-was-it/

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“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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"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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“Crypto-incrementalists and the crypto-anarchists share strong convictions in the power of decentralization… However, these groups diverge quickly as we move from the abstract to the material.” -Tony Sheng

Check out Tony Sheng’s article and other work at: https://www.tonysheng.com/incremental-vs-anarchy

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“Just like a stock market was a financial platform for creating the scalable corporation, blockchains can be governance platforms for enabling the scalable commons.” -@m2jr

Check out the medium article and other interesting work by Mike Maples Jr: https://blog.usejournal.com/crypto-commons-da602fb98138

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“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 Learn more about your ad choices. Visit megaphone.fm/adchoices

“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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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 Learn more about your ad choices. Visit megaphone.fm/adchoices

“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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“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 Learn more about your ad choices. Visit megaphone.fm/adchoices

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 Learn more about your ad choices. Visit megaphone.fm/adchoices

"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 Learn more about your ad choices. Visit megaphone.fm/adchoices

"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-hashcash-or-how-adam-back-designed-bitcoins-motor-block/ Learn more about your ad choices. Visit megaphone.fm/adchoices

“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 Learn more about your ad choices. Visit megaphone.fm/adchoices

"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 Learn more about your ad choices. Visit megaphone.fm/adchoices

Support the Show:3Nn8jJSfK2oFherVWQUGXgesvHpzbMckz5 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 --- Learn more about your ad choices. Visit megaphone.fm/adchoices

Support The Show: 3Nn8jJSfK2oFherVWQUGXgesvHpzbMckz5 @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://talesfromthecrypt.libsyn.com/tales-from-the-crypt-31-matt-corallo --- Learn more about your ad choices. Visit megaphone.fm/adchoices

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 Learn more about your ad choices. Visit megaphone.fm/adchoices

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/ Learn more about your ad choices. Visit megaphone.fm/adchoices

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 --- Learn more about your ad choices. Visit megaphone.fm/adchoices

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 --- Learn more about your ad choices. Visit megaphone.fm/adchoices

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 --- Learn more about your ad choices. Visit megaphone.fm/adchoices

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/ --- Learn more about your ad choices. Visit megaphone.fm/adchoices

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 great sources on batching/payments visualization on Bitcoin:p2sh.infohttps://transactionfee.info/charts/payments/perDay --- Learn more about your ad choices. Visit megaphone.fm/adchoices

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/ Learn more about your ad choices. Visit megaphone.fm/adchoices

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 Learn more about your ad choices. Visit megaphone.fm/adchoices

"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 Learn more about your ad choices. Visit megaphone.fm/adchoices

“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/ Learn more about your ad choices. Visit megaphone.fm/adchoices

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 Learn more about your ad choices. Visit megaphone.fm/adchoices

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 Learn more about your ad choices. Visit megaphone.fm/adchoices

@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 Learn more about your ad choices. Visit megaphone.fm/adchoices

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 Learn more about your ad choices. Visit megaphone.fm/adchoices

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 for more incredible information? Find these individuals: Andreas M. Antonopoulos Naval Ravikant Jimmy Song Trace Mayer Kyle Samani Chris Burniske Brian Koralewski Yannick Roux TwoBitIdiot Giacomo Zucco Saifedean Ammous Tuur Demeester Vitalik Buterin Nassim Nicholas Taleb Learn more about your ad choices. Visit megaphone.fm/adchoices

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! Learn more about your ad choices. Visit megaphone.fm/adchoices

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 Samourai Wallet:https://samouraiwallet.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices

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 Learn more about your ad choices. Visit megaphone.fm/adchoices

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 Learn more about your ad choices. Visit megaphone.fm/adchoices

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 Learn more about your ad choices. Visit megaphone.fm/adchoices

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 Learn more about your ad choices. Visit megaphone.fm/adchoices

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/ Learn more about your ad choices. Visit megaphone.fm/adchoices

[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 Learn more about your ad choices. Visit megaphone.fm/adchoices

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 Learn more about your ad choices. Visit megaphone.fm/adchoices

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! Learn more about your ad choices. Visit megaphone.fm/adchoices

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/ Learn more about your ad choices. Visit megaphone.fm/adchoices

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/ Learn more about your ad choices. Visit megaphone.fm/adchoices

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/ Learn more about your ad choices. Visit megaphone.fm/adchoices

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/a20a865ce40d40c8f942cf206a7cba96/Scalable_Funding_Of_Blockchain_Micropayment_Networks%20(1).pdf Learn more about your ad choices. Visit megaphone.fm/adchoices

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/ Learn more about your ad choices. Visit megaphone.fm/adchoices

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 Learn more about your ad choices. Visit megaphone.fm/adchoices

"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/ Learn more about your ad choices. Visit megaphone.fm/adchoices

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/ Learn more about your ad choices. Visit megaphone.fm/adchoices

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-bitcoin-mining-and-why-is-it-necessary Here's another clip that I mentioned from Andreas Antonopolous on the topic of Bitcoin Energy Use:https://www.youtube.com/watch?v=2T0OUIW89II Learn more about your ad choices. Visit megaphone.fm/adchoices

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/ Learn more about your ad choices. Visit megaphone.fm/adchoices

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/2016/01/26/segwit-benefits/ Learn more about your ad choices. Visit megaphone.fm/adchoices

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's Github page: https://github.com/sipa Learn more about your ad choices. Visit megaphone.fm/adchoices

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 Learn more about your ad choices. Visit megaphone.fm/adchoices

"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 Learn more about your ad choices. Visit megaphone.fm/adchoices

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 series and BitcoinMagazine.com:https://bitcoinmagazine.com/articles/understanding-the-lightning-network-part-building-a-bidirectional-payment-channel-1464710791/ Learn more about your ad choices. Visit megaphone.fm/adchoices

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/ Learn more about your ad choices. Visit megaphone.fm/adchoices

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/ Learn more about your ad choices. Visit megaphone.fm/adchoices

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/ Learn more about your ad choices. Visit megaphone.fm/adchoices

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 Learn more about your ad choices. Visit megaphone.fm/adchoices

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 Learn more about your ad choices. Visit megaphone.fm/adchoices

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/ Learn more about your ad choices. Visit megaphone.fm/adchoices

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/ Learn more about your ad choices. Visit megaphone.fm/adchoices

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 Learn more about your ad choices. Visit megaphone.fm/adchoices

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 Learn more about your ad choices. Visit megaphone.fm/adchoices

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://unchainedpodcast.co/ Learn more about your ad choices. Visit megaphone.fm/adchoices

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 Learn more about your ad choices. Visit megaphone.fm/adchoices

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 -- Learn more about your ad choices. Visit megaphone.fm/adchoices

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 Learn more about your ad choices. Visit megaphone.fm/adchoices

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 Learn more about your ad choices. Visit megaphone.fm/adchoices

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 Learn more about your ad choices. Visit megaphone.fm/adchoices

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! Learn more about your ad choices. Visit megaphone.fm/adchoices

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 Learn more about your ad choices. Visit megaphone.fm/adchoices

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 Learn more about your ad choices. Visit megaphone.fm/adchoices

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 --- Send in a voice message: https://anchor.fm/thecryptoconomy/message Learn more about your ad choices. Visit megaphone.fm/adchoices

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/ Learn more about your ad choices. Visit megaphone.fm/adchoices

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 Learn more about your ad choices. Visit megaphone.fm/adchoices

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/ Learn more about your ad choices. Visit megaphone.fm/adchoices

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 Learn more about your ad choices. Visit megaphone.fm/adchoices

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/ - Learn more about your ad choices. Visit megaphone.fm/adchoices

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 Learn more about your ad choices. Visit megaphone.fm/adchoices

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/ Learn more about your ad choices. Visit megaphone.fm/adchoices

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/ Learn more about your ad choices. Visit megaphone.fm/adchoices

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 Learn more about your ad choices. Visit megaphone.fm/adchoices

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/ Learn more about your ad choices. Visit megaphone.fm/adchoices

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 Learn more about your ad choices. Visit megaphone.fm/adchoices

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 Learn more about your ad choices. Visit megaphone.fm/adchoices

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 Learn more about your ad choices. Visit megaphone.fm/adchoices

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/ Learn more about your ad choices. Visit megaphone.fm/adchoices

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/ - Learn more about your ad choices. Visit megaphone.fm/adchoices

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/ Learn more about your ad choices. Visit megaphone.fm/adchoices

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." Learn more about your ad choices. Visit megaphone.fm/adchoices

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. Learn more about your ad choices. Visit megaphone.fm/adchoices

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. Learn more about your ad choices. Visit megaphone.fm/adchoices

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. Learn more about your ad choices. Visit megaphone.fm/adchoices

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 Learn more about your ad choices. Visit megaphone.fm/adchoices

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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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. --- Send in a voice message: https://anchor.fm/thecryptoconomy/message Learn more about your ad choices. Visit megaphone.fm/adchoices

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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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/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Is Wyoming set to become the nation's most Bitcoin friendly state? Listen to learn more! From Bitcoinmagazine.com and written by Erik Kuebler Learn more about your ad choices. Visit megaphone.fm/adchoices

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 Learn more about your ad choices. Visit megaphone.fm/adchoices

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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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/ - Learn more about your ad choices. Visit megaphone.fm/adchoices

What is the mission and the purpose 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/ Learn more about your ad choices. Visit megaphone.fm/adchoices

RIP John Perry Barlow Learn more about your ad choices. Visit megaphone.fm/adchoices

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/ --- Learn more about your ad choices. Visit megaphone.fm/adchoices

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 --- Send in a voice message: https://anchor.fm/thecryptoconomy/message Learn more about your ad choices. Visit megaphone.fm/adchoices

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/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Tons of exciting developments on the horizon for 2018, listen to hear why this year is going to be another big one for Bitcoin. Learn more about your ad choices. Visit megaphone.fm/adchoices

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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