The Bitcoin Journey Podcast: Recent Episodes
CJ & Tim
Join CJ & Tim on a journey of discovery for the best money the world has ever known. The Bitcoin Journey Podcast is a weekly Bitcoin podcast where hosts CJ and Tim discuss the best Bitcoin articles. They cover the key points of each article and put them into context considering the wider world of Bitcoin, related technologies and economics. The podcast is intended to feel informal and entertaining while being accessible to pre-coiner‘s and a source of fresh knowledge for Maxi‘s.
In Block017, Tim & CJ discuss the state of the Bitcoin ecosystem today, the general market sentiment and how Bitcoin is viewed in the wider economy. Discussions inevitably lead to how bitcoiners should treat the dip, whether to go nonKYC when smash buying, how easy it is and other tactics to react to market crashes.
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Video versions of our episodes can be found on bitcointv.com as well as on youtube.
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We release regular episodes discussing the best bitcoin related articles, news, and technology.
Follow and get in contact with the hosts on Twitter:
CJ @CharlieJBitcoin
Tim @BitcoinTimO
Podcast @BTCJourneyPod
And visit the website for all our shows:
http://thebitcoinjourney.org
Any other questions please email hi@thebitcoinjourney.org
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Theme music is Good Times by Sensho
Music from Uppbeat (free for Creators!): https://uppbeat.io/t/sensho/good-times License code: NTRNICT65K6COIPU
Welcome to Block016 of The Bitcoin Journey. In this episode, Tim & CJ discuss the tools and services which compliment their bitcoin stack, tools any bitcoiner should consider using! By no means experts, this discussion is designed to highlight some apps and projects that arm bitcoiners with privacy and security that you may not have heard of. It's by no means comprehensive, but they've certainly found it useful to hear other peoples list of tools, so here is Charlie's and Tim's.
The Bitcoiners Toolkit: We've made a Github page for this list! Go to CJ's Github page to see it. This way, the list discussed in this episode is included, but going forward other links and info will be added.
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Video versions of our episodes can be found on bitcointv.com, as well as on youtube.
- - -
We release regular episodes discussing the best bitcoin related articles, news, and technology.
Follow and get in contact with the hosts on Twitter:
CJ @CharlieJBitcoin
Tim @BitcoinTimO
Podcast @BTCJourneyPod
And visit the website for all our shows:
http://thebitcoinjourney.org
Any other questions please email hi@thebitcoinjourney.org
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Theme music is Good Times by Sensho
Music from Uppbeat (free for Creators!): https://uppbeat.io/t/sensho/good-times License code: NTRNICT65K6COIPU
Welcome to Block015 of The Bitcoin Journey. In this episode, Tim & CJ discuss KYC vs non-KYC methods of getting bitcoin.
They cover:
- What is the difference between KYC and non-KYC
- Some examples of places to get non_KYC corn
- Pros of KYC corn (couldn't actually think of any lol)
- The risks with KYC
- The pros and cons to non-KYC corn
And finally, they discuss is it worth it for you?
Some useful resources for this topic:
- A list of KYC-free exchanges at kycnot.me
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Interesting reading on bitconer.guide
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Video versions of our episodes can be found on bitcointv.com, as well as on youtube.
- - -
We release regular episodes discussing the best bitcoin related articles, news, and technology.
Follow and get in contact with the hosts on Twitter:
CJ @CharlieJBitcoin
Tim @BitcoinTimO
Podcast @BTCJourneyPod
And visit the website for all our shows:
http://thebitcoinjourney.org
Any other questions please email hi@thebitcoinjourney.org
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Theme music is Good Times by Sensho
Music from Uppbeat (free for Creators!): https://uppbeat.io/t/sensho/good-times License code: NTRNICT65K6COIPU
Today I Learned #3
Welcome to Block014 of The Bitcoin Journey, the third installment of the Today I Learned series. In this episode, CJ explains to Tim what BIP47 Payment Codes and PayNyms are.
They cover: - When and why to use PayNyms - How BIP47 / PayNyms work - Some caveats with using them
Now, this one doesn't go to plan...
If you (understandably) struggle to follow the maths in this one, lets go though it now. (I also tweeted about it here)
To send payments to a PayNym, you and the receiver need to be able to independantly create a wallet which only the receiver can send from, but the sender can send to. This is done by sharing a masked secret in a notification transaction. This is done using Diffie-Hellmen key esxchange, which allows a secret to be shared bewteen two parties despite most of the information being public.
Step 1: Choose starting numbers and secret numbers CJ priv key = 6 (secret) Tim priv key = 5 (secret)
Modulo num = 17 (public) Base num = 5 (public)
Step 2: Add our private numbers using the following formula (Base^priv) mod (mod num)
CJ 5^6 mod 17 = 2
Tim 5^5 mod 17 = 14
(Note: mod just means remainder)
Step 3: Share the result with each other.
Step 4: Do the saem again, but use the shared number as the base
CJ 14^6 mod 17 = 15
Tim 2^5 mod 17 = 15
15 is our shared secret number. We both independentantly arrived at the same number, which no one else can derive.
Some of resources used in this discussion:
BIP47
Check out Samourai Wallet PayNym implementation
And Sparrow's
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Video versions of our episodes can be found on bitcointv.com, as well as on youtube.
- - -
We release regular episodes discussing the best bitcoin related articles, news, and technology.
Follow and get in contact with the hosts on Twitter:
CJ @CharlieJBitcoin
Tim @BitcoinTimO
Podcast @BTCJourneyPod
And visit the website for all our shows:
http://thebitcoinjourney.org
Any other questions please email hi@thebitcoinjourney.org
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Theme music is Good Times by Sensho
Music from Uppbeat (free for Creators!): https://uppbeat.io/t/sensho/good-times License code: NTRNICT65K6COIPU
Today I Learned #2
Welcome to Block013 of The Bitcoin Journey, the second installment of the Today I Learned series. In this episode, Tim explains what the SWIFT system is to CJ. It isn't what we originally thought!
They discuss:
- The structure of SWIFT
- The role it plays in global financial settlement
- Who controls SWIFT
- How SWIFT works
This is a great episode, we hadn't appreciated just how SWIFT works, and it's sparked a desire to dig deeper on the topic!
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Some of resources used in this discussion:
The Lazarus Heist Tim mentioned this news article related to a SWIFT hack
Business Standard Podcast What is the SWIFT payment system?
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Video versions of our episodes can be found on bitcointv.com (bitcointv.com/c/thebitcoinjourney/), as well as on youtube (https://www.youtube.com/channel/UCXu9HoOvBEK6sTLqarK_pUQ)
_____________________________________________________________________________________
We release regular episodes discussing the best bitcoin related articles, news, and technology.
Follow and get in contact with the hosts on Twitter:
CJ @CharlieJBitcoin
Tim @BitcoinTimO
Podcast @BTCJourneyPod
And visit the website for all our shows:
http://thebitcoinjourney.org
Any other questions please email hi@thebitcoinjourney.org
_____________________________________________________________________________________
Theme music is Good Times by Sensho
Music from Uppbeat (free for Creators!): https://uppbeat.io/t/sensho/good-times License code: NTRNICT65K6COIPU
Welcome to Block012 of The Bitcoin Journey. In this episode, Tim & CJ discuss proof-of-stake, the supposed next generation of decentralised consensus (spoiler alert, it isn't).
They discuss:
- What is proof-of-stake and how it differs from proof-of-work
- Countering arguments against PoW
- Why PoS centralises control of a network
- Why PoS doesn't achieve consensus
And many more ramblings inbetween! We really enjoyed recording this one, we learned a lot researching into and feel we can better combat some of the FUD thrown at PoW. We hope you find it useful too!
Some of resources used in this discussion:
Yanmaani's Blog post Proof of stake is a scam and the people promoting it are scammers
Vitalik's Blog Detailing PoS
Interview with Vitalik that Tim references
Video versions of our episodes can be found on bitcointv.com, as well as on youtube.
We release regular episodes discussing the best bitcoin related articles, news, and technology.
Follow and get in contact with the hosts on Twitter:
CJ @CharlieJBitcoin
Tim @BitcoinTimO
Podcast @BTCJourneyPod
And visit the website for all our shows:
thebitcoinjourney.org
Any other questions please email hi@thebitcoinjourney.org
Theme music is Good Times by Sensho
Music from Uppbeat (free for Creators!): https://uppbeat.io/t/sensho/good-times License code: NTRNICT65K6COIPU
In Block011 of The Bitcoin Journey, Tim & CJ discuss what Open Source means, how it came about and how it relates to Bitcoin.
They discuss:
- The definition of Free Open Source Software (FOSS)
- The history of how open source came to be
- OSS licences and their effect on the ecosystem
- Should proprietry code even exist!?
- Some case studies of OSS projects
- How to get find and view OSS (for beginners)
Some of resources used/mentioned in this discussion:
- The Open Source Institute - opensource.org
- The Free Software Foundation - fsf.org
- The bitcoin source code on Github
- Citadel Dispatch episode discussing licenses
- @BTCGandalf's thread on learning to contribute to bitcoin
We release regular episodes discussing the best bitcoin related articles, news, and technology.
Follow and get in contact with the hosts on Twitter:
CJ @CharlieJBitcoin
Tim @BitcoinTimO
Podcast @BTCJourneyPod
And visit the website for all our shows:
http://thebitcoinjourney.org
Any other questions please email hi@thebitcoinjourney.org
Theme music is Good Times by Sensho
Music from Uppbeat (free for Creators!):
https://uppbeat.io/t/sensho/good-times
License code: 6XHEYJS05E5HNAQJ
In Block010 of The Bitcoin Journey, Tim & CJ explain bitcoin nodes, aimed at helping newcomers understand what a node is and why it is important to run your own.
They discuss:
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What is a node and how you can set one up
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Why you should run a node (and what are risks of using someone else's)
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Downsides of running a node
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Different node implementations and ease of set-up & maintenance
Nodes are a core aspect of the Bitcoin network, so understanding their function is key for any new bitcoiner. If you have any further questions that we didn't answer in the episode, reach out to us! We are always happy to help.
Some of the resources mentioned during the episode:
402 Payment Required Video Series
Ministry of Nodes Video Series
Tim's Helpful Node Tweet
Plenty of info is provided on the bitcoin.org/full-node web page
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We will be releasing regular episodes discussing the best bitcoin related articles, news, and technology.
Follow and get in contact with the hosts on Twitter:
CJ @CharlieJBitcoin
Tim @BitcoinTimO
Podcast @BTCJourneyPod
http://thebitcoinjourney.org
________________________________________________________
Theme music is Good Times by Sensho
Music from Uppbeat (free for Creators!):
https://uppbeat.io/t/sensho/good-times
License code: GIAUYH2CS014TFVQ
"Cypherpunks write code. We know that someone has to write software to defend privacy, and since we can't get privacy unless we all do, we're going to write it. We publish our code so that our fellow Cypherpunks may practice and play with it. Our code is free for all to use, worldwide. We don't much care if you don't approve of the software we write. We know that software can't be destroyed and that a widely dispersed system can't be shut down."
In Block009 of The Bitcoin Journey, Tim & CJ discuss A Cypherpunk's Manifesto by Eric Hughes, written in March 1993. The manifesto which is very relevant today covers the core principles of the Cypherpunk movement and why what they do is so important.
Tim and CJ discuss:
- What privacy and secrecy are and their differences.
- The role of privacy in the modern world
- Privacy when purchasing and transacting bitcoin
- The legality of using privacy preserving technologies (it's fully legal!)
The manifesto is a must read for all Bitcoiner's to understand more about the people and movement who created and continue to maintain the protocol.
A Cypherpunk's Manifesto
Privacy focused VPN: Mullvad
Buy KYC-free bitcoin with:
Hodl Hodl
bisq
We will be releasing regular episodes discussing the best bitcoin related articles, news, and technology.
Follow the hosts on Twitter:
CJ @CharlieJBitcoin
Tim @BitcoinTimO
Podcast @BTCJourneyPod http://thebitcoinjourney.org ________________________________
Theme music is Good Times by Sensho
Music from Uppbeat (free for Creators!): https://uppbeat.io/t/sensho/good-times License code: NTRNICT65K6COIPU
In Block008 of The Bitcoin Journey, Tim & CJ discuss the Bitcoin Whitepaper by Satoshi Nakamoto, the paper which started it all! Covering what bitcoin is, how proof-of-work works, and privacy, this discussion delves into the baiscs of bitcoin and what things have changed since the release of the whitepaper.
The discuss: - Proof-of-work, why it's superior to proof-of-stake, how bitcoin implemented it in a way that hadn't be done before. - how digital signatures facilitate peer2peer transactions. - How consensus is reached and how the bitcoin timechain is formed.
Revisiting the whitepaper with the benefit of hindsight makes for an interesting discussion. You can find links to the whitepaper, and how to download it, below:
The Whitepaper
According to @lopp, you can download the whitepaper from you bitcoin node using the command below: bitcoin-cli getblock 00000000000000ecbbff6bafb7efa2f7df05b227d5c73dca8f2635af32a2e949 0 | tail -c+92167 | for ((o=0;o bitcoin.pdf ________________________________
We will be releasing regular episodes discussing the best bitcoin related articles, news, and technology.
Follow the hosts on Twitter:
CJ @CharlieJBitcoin
Tim @BitcoinTimO
Podcast @BTCJourneyPod http://thebitcoinjourney.org ________________________________
Theme music is Good Times by Sensho
Music from Uppbeat (free for Creators!): https://uppbeat.io/t/sensho/good-times License code: EQ8VHEEBBQG57ZKQ
"When countries are forced to exchange their own currencies for dollars to buy oil, this strengthens that trading pair for that country, extending U.S. influence beyond energy markets." - Alex Gladstein
In Block007 of The Bitcoin Journey, Tim & CJ discuss Alex Gladstein's article "Uncovering the Hidden Costs ofThe Petrodollar", a fantastic account of the USA manouvering to control the currency denomination of oil.
This is a great read, and it's worth spending the time digesting the points Alex presents, before diving into the discussion CJ & Tim have around some hard hitting macro questions:
- How legitimate is the petrodollar theory
- What impact does this have on the global economy
- How can we determine the difference between conspiracy and fact
- The petrodollar effect on the environment
As always, you can follow the author and access the article via the links below:
Alex Gladstein @gladstein
Article Uncovering the Hidden Costs ofThe Petrodollar
Bitcoin Audible Version ________________________________
We will be releasing regular episodes discussing the best bitcoin related articles, news, and technology.
Follow the hosts on Twitter:
CJ @CharlieJBitcoin
Tim @BitcoinTimO
Podcast @BTCJourneyPod
Website http://thebitcoinjourney.org ________________________________
Theme music is Good Times by Sensho
Music from Uppbeat (free for Creators!): https://uppbeat.io/t/sensho/good-times License code: B6CCVCQMDAPWVSPT
In Block006 of The Bitcoin Journey, Tim & CJ discuss the bitcoin price over 2021. They cover:
- The difficulties of trading
- What happened to S2F?
- Fear and Greed
- Indicators which happened to work
- Is cycle theory dead!?
Some of the sources mentioned:
- Plan B's twitter @100trillionUSD
- S2F website https://www.planbtc.com/
- Also check out Philip Swift (@PositiveCrypto), who made many of the indicators at lookintobitcoin.com
- Our transparency report detailing how we are making this podcast and our download numbers can be found on CJ's Medium page here.
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We will be releasing regular episodes discussing the best bitcoin related articles.
Follow the hosts on Twitter:
CJ @CharlieJBitcoin
Tim @BitcoinTimO
Podcast @BTCJourneyPod ________________________________
Theme music is Good Times by Sensho
Music from Uppbeat (free for Creators!): https://uppbeat.io/t/sensho/good-times License code: VQA6XPNBB193FSCC
Today I Learned 1
In Block005 of The Bitcoin Journey, Tim & CJ each share a fact on something new they learned about Bitcoin in the last week. Tim talks about some interesting developments in the Lightning Network, whilst CJ explains why there will never actually be 21 million Bitcoin.
Show notes for each section are found below.
TIL1 - There Will Never be 21 Million Bitcoin
Calculate the supply of bitcoin: Σ[(100/(2^n)) x 210,000] = (50 x 210,000) + (25 x 210,000) + (12.5 x 210,000) + ... + (0.00000001 x 210,000) = 20999999.99755528 limit (epochs) = 33 n0 = 1
Calculate the max possible supply at a block height: Number of epochs = current block height / 210,000 e.g. current block height = 750,000, therefore 750,000/210000 = 3.57 750000 - (3 x 210,000) = 120,000 blocks into 4th epoch (50 x 210,000) + (25 x 210,000) + (12.5 x 210,000) + (6.25 x 120,000) = 19,125,000 bitcoin could have been minted.
Verify the actual number of minted bitcoin: Using a full node (e.g. Bitcoin Core), run the RPC command 'gettxoutsetinfo'. On a RasPi this may take a few minutes to compute. The 'Total Amount' value is the actual number of minted bitcoin.
Subtracting the real value should always be less than the calculated value, as some bitcoin were never minted.
Other RPC commands mentioned in the episode: getblockhash 0 ~~> gives the hash of the genesis block getblock [block hash] ~~> gets the block info getrawtransaction [tx hash] ~~> gets transaction (tx) info
Article mentioned - How To Destroy Bitcoins Author - Antoine Le Calvez
TIL2 - The Lightning Network
Some useful resources on the lightning network and LNURL:
Jameson Lopp - Lightning Basics
Coincharge - LNURL Basics
And don't forget to follow these authors, as well as stackers.news, Ben Arc and Fiatjaf on Twitter!
Jameson Lopp @lopp
Stacker News @stacker_news
And the Stacker News founder @k00bideh
Fiatjaf @fiatjaf for more on LNURL PoS
Ben Arc @arcbtc for more on LNURL vend
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We will be releasing regular episodes discussing the best bitcoin related articles.
Follow the hosts on Twitter:
CJ @CharlieJBitcoin
Tim @BitcoinTimO
Podcast @BTCJourneyPod ________________________________
Theme music is Good Times by Sensho
Music from Uppbeat (free for Creators!): https://uppbeat.io/t/sensho/good-times License code: QTIPFCCWCXJOARQW
"When Satoshi announced Bitcoin on the cryptography mailing list, he got a skeptical reception at best. Cryptographers have seen too many grand schemes by clueless noobs. They tend to have a knee jerk reaction. I was more positive."
- Hal Finney
In Block004 of The Bitcoin Journey, Cj & Tim talk around a Bitcoin Talk forum post by famous early bitcoiner and cypherpunk, Hal Finney. In it, he talks about his career, the early days of bitcoin and the latter stages of his life limiting illness.
CJ & Tim discuss:
- Hal's work in PGP
- Pre-bitcoin attempts at digital cash
- Inheritance considerations for bitcoiners
Sadly, Hal passed away in 2014. You can read this blog post, and find more interesting bitcoin discussion, via the links below:
Forum post Bitcoin and me
Website Bitcoin Talk Forum _________________________________________
We will be releasing regular episodes discussing the best bitcoin related articles.
Follow the hosts on Twitter:
CJ @CharlieJBitcoin
Tim @BitcoinTimO
Podcast @BTCJourneyPod
Website thebitcoinjourney.org
_________________________________________
Theme music is Good Times by Sensho
Music from Uppbeat (free for Creators!):
https://uppbeat.io/t/sensho/good-times
License code: GWUSHVJAE5H0QORE
"... bitcoin is financial empowerment and now some nations are beginning to recognize this. As long as enough nations not only classify bitcoin as legal, but actually embrace it, regulatory arbitrage will drive bitcoin owners and businesses to bitcoin-friendly nations."
- Nik Bhatia
In Block003 of The Bitcoin Journey, Cj & Tim discuss the points Nik Bhatia raises in his article, 3 ways El Salvador has Changed Bitcoin Forever. These points provide a good framework for discussing the move by El Salvador to adopt bitcoin as legal tender, especially some months after this article was written and with hindsight on our side.
CJ & Tim discuss:
- Bitcoin's volatility
- The possibility of government bans
- Bitcoin geopolitics
Be sure to read the article and follow Nik using the links below:
Nik's Twitter @timevalueofbtc
Article: 3 Ways El Salvador Has Changed Bitcoin Forever
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We will be releasing regular episodes discussing the best bitcoin related articles.
Follow the hosts on Twitter:
CJ @CharlieJBitcoin
Tim @BitcoinTimO
Podcast @BTCJourneyPod
Website thebitcoinjourney.org
_________________________________________
Theme music is Good Times by Sensho
Music from Uppbeat (free for Creators!):
https://uppbeat.io/t/sensho/good-times
License code: SXBPSLEJLHY8SPSK
Welcome to Block002 of The Bitcoin Journey.
"You don't change Bitcoin. Bitcoin changes you."
- Gigi
In this episode, Tim & CJ use the article "The Responsibility of Adopting Bitcoin", authored by Gigi, as a framework for discussing the impact Bitcoin has had on them. They cover how adopting bitcoin not only installs a sense of responsibility in the individual, but how the individual inevitably becomes responsible for bitcoin itself.
Be sure to read the full article and give Gigi's work a follow, via the links below:
Gigi's Twitter @dergigi
Article The Responsibility of Adopting Bitcoin
Gigi's other work
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Tim & CJ release weekly episodes documenting their journey as they navigate the bitcoin landscape. Join them for discussion and share your thoughts by following them on Twitter:
CJ @CharlieJBitcoin
Tim @BitcoinTimO
Podcast @BTCJourneyPod
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Music from Uppbeat (free for Creators!): https://uppbeat.io/t/sensho/good-times License code: XJCIB6F55TIFJHHA
Welcome to Block001 of The Bitcoin Journey. In their first full episode, CJ & Tim discuss the topics covered in Vijay Boyapati's well known article, The Bullish Case For Bitcoin, including:
- The origins of money
- Bitcoins path dependence
- Market hype cycles and their effect
- Common misconceptions and FUD busting!
Be sure to read the full article and give Vijay a follow on Twitter, via the links below.
Vijay's Twitter @real_vijay
Article: The Bullish Case for Bitcoin
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We will be releasing regular episodes discussing the best bitcoin related articles.
Follow the hosts on Twitter:
CJ @CharlieJBitcoin
Tim @BitcoinTimO
Podcast @BTCJourneyPod
________________________
Theme music is Good Times by Sensho
Music from Uppbeat (free for Creators!): https://uppbeat.io/t/sensho/good-times License code: XJHKQQUKZWYVWXKS
Welcome to Block000, the first episode of the The Bitcoin Journey. This is a short introduction to the hosts of the podcast where you can get to know CJ and Tim and how they got into bitcoin.
We will be releasing regular episodes discussing the best bitcoin related articles.
Follow the hosts on Twitter:
CJ @CharlieJBitcoin
Tim @BitcoinTimO
Podcast @BTCJourneyPod
Theme music is Good Times by Sensho
Music from Uppbeat (free for Creators!): https://uppbeat.io/t/sensho/good-times License code: 7NT8G7CTTC8MB6RJ