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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.
- 1157 - Read_819 - Bitcoin Drain in the USA
"I think Americans are used to seeing people arrested for bullshit technicalities and thrown in jail for long periods of time. But in the rest of the world, it is quite uncommon. For a non-US Bitcoin entrepreneur, the US is a scary and dangerous place. American authorities seem resourceful, competent, and motivated to destroy your life just to prove a point. This line of thinking is not paranoia, nor is it cowardice." ~ Francis Pouliot
We dive into a piece from Francis Pouliot, the CEO of 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/messageSat, 04 May 2024 - 1h 42min - 1156 - Guy's Take_085 - They Are Coming
"The Samurai wallet developers have been arrested. The government has responded with their opposition to the motion of dismissal in the tornado cash case. Phoenix wallet has withdrawn from the United States. Does one need to have control over the funds to be a money transmitter? Is the lightning network, is Bitcoin, is even self-custody and your home node illegal?
The past week or so in Bitcoin has seen a flood of new developments, unfortunate events and clarifications and demands from 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/messageWed, 01 May 2024 - 1h 23min - 1155 - Read_818 - Reviewing Reviews
"The internet assumed NOTHING and it won because it had the basic, robust, open building blocks upon which all the innovation actually occurred. The same thing has happened with Bitcoin over the last 15 years and is now starting to happen with Nostr.
And it’s right on time, because the gateways to the internet have centralized to such a degree that the very topography of the web is changing. Access to this open bazaar is being threatened because the applications who were once gateways, have 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/messageMon, 29 Apr 2024 - 1h 07min - 1154 - Read_817 - The Bitcoin Renaissance: How Lightning Will Connect Everything
"As we discussed in Entering the Bitcoin Renaissance, our last edition, Lightning Labs CEO and Co-Founder Elizabeth Stark told The Block, “a major narrative of the next cycle will be the bitcoin renaissance, and it has already begun in full swing.” Only a few months later, and that is proving to be quite prescient!"
~Ryan Gentry
Today we dive into a piece from Lightning Labs, "The Bitcoin Renaissance: How Lightning Will Connect Everything" that details out the 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/messageSat, 27 Apr 2024 - 1h 04min - 1153 - Chat_098 - Replacing Gold with Tuur Demeester
"What are we actually about? It's to an extent an open question. It's not like the Cypherpunks knew at all. It's part of our job to continue to try and figure it out. In a way we've been given this Arthurian sword or something. This very powerful thing. And so it's like, what are we going to do with it? I think that's a big part of our homework."
~ Tuur Demeester
Tuur Demeester joins us to day as we dig into Bitcoin's past halvings and market cycles and 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/messageWed, 24 Apr 2024 - 1h 22min - 1152 - Read_816 - Why I'm Still Not Buying Bitcoin
"I'm a Bitcoin skeptic. I'm not buying Bitcoin in 2024, even if it goes back to its recent all-time highs, or higher. Here's why."
~ Ben Gran
Ben breaks down his view of Bitcoin and why he cannot see or understand any reason it would go higher. Why he doesn't invest in things that don't produce anything, because this is antithetical to investment. Why he doesn't see how something that has no purpose could possibly continue increasing in value. And how something 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/messageTue, 23 Apr 2024 - 1h 30min - 1151 - Read_815 - What are Mises’s Six Lessons
"If you care about your...country, read Ludwig von Mises and the six lessons of the Austrian economic school."
~ Renato Moicano
With a surge in interest thanks the UFC fighter Renato Moicano, Mises's Six Lessons is suddenly in the popular lexicon. After knocking out his opponent he took to the mic to share his love of freedom, and the critical importance in understanding Austrian economics. Is the tide of freedom and the culture of common sense turning? And what are Mises's 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/messageSat, 20 Apr 2024 - 46min - 1150 - Guy's Take_084 - Fiat Finance
Many people make the serious miscalculation, that if the CPI isn't too high, then printing money isn't a problem and doesn't really cost them anything. This couldn't be further from the truth. All it means is that the cost is just that much harder to see. But if you want to look at something that is truly dominated by the fiat culture and incentives of the money, there is no better example, than finance. This is where the money printing begins, and so all of the disastrous 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/messageThu, 18 Apr 2024 - 1h 14min - 1149 - Read_814 - Dogma Kills Brain Cells
"That dogma was necessary — without it the people who have built this ecosystem into what it is today wouldn’t have had the motivation to do so. Without that dogma, those people would not have had customers and users to build anything for in the first place. It was the foundation of everything we have around us today.
Now the inevitable is happening: the foundation is cracking."
~ Shinobi
Guy Swan delves into an article by Shinobi from Bitcoin Magazine, exploring the complexities of 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/messageTue, 16 Apr 2024 - 1h 03min - 1148 - Read_813 - Mises's Regression Theorem, Bitcoin, and Subjective Value
"On the face of it, Bitcoin’s existence seems to violate Mises’s theorem, unless a preceding non-monetary use can be demonstrated. That is, Bitcoin would have to be first valued for its direct utility before it could hold indirect exchange value. So have the criteria been met, or does Bitcoin violate the theorem?" - Emile Phaneuf
You've inevitably come across the argument that Bitcoin violates Mises's Regression Theorem if you've been in bitcoin long enough, but is this 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/messageMon, 15 Apr 2024 - 59min - 1147 - Chat_097 - Lightning Offline with Super Testnet
"Hedgehog uses relative time locks. So that if they don't have to worry about closing that channel with a relative time lock, it's whenever you do close the channel, now you've got 2016 blocks to sweep the money using the pre-image. Otherwise I can sweep it after those 2016 blocks go by... And because it only uses relative time locks, it's much more delay tolerant... In the Lightning Network today, you've got hours to settle these things. And often if someone sends a zap 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/messageWed, 10 Apr 2024 - 1h 27min - 1146 - Guy's Take_083 - It's Going Up Forever, Laura
"It's going up forever, Laura."
~ Michael Saylor
I know to many people that sounds crazy, and I can still see in my mind why it sounds crazy. Today, I'm going to make the argument for why it isn't crazy, but both natural and intuitive. Also, why it *doesn't* mean what you are probably picturing in your head. I'm going to make the case today, and I hope that you walk away realizing that this isn't unrealistic at all, but is the way it's *supposed to work,* 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/messageTue, 09 Apr 2024 - 1h 11min - 1145 - Chat_096 - Surviving the Shift to a Bitcoin World with Jack Spirko
"People that are in the Western world and specifically in the United States, what they're realizing, whether they can say it this way or not, is you're watching the end of an empire. I said this for a long time, and it's not the empire is going to collapse. The empire is collapsing right now. We are in the midst of, and people say economic collapse, it's empire collapse, which means economic is part of it." ~ Jack Spirko In this episode I interview Jack Spirko, host of The Survival Podcast, 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
Tue, 09 Apr 2024 - 1h 30min - 1144 - Read_812 - Congress is Criminalizing Privacy
"We know the law is unconstitutional.
FinCEN knows the law is unconstitutional.
FinCEN knows we know the law is unconstitutional.
And yet we're supposed to pretend like nothing happened and comply with an illegal law."
~ Jameson Lopp
What do we do when a regulatory agency continues to enforce an illegal law against a judicial verdict? Jameson Lopp explores the Corporate Transparency Act (CTA), revealing how it mandates extensive reporting to the Financial Crimes Enforcement 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
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/messageMon, 01 Apr 2024 - 53min - 1143 - Read_811 - Speaking Freely
"You have to decide how to move forward. You have to decide what game you want to play; how much responsibility you are willing to shoulder. Do you want to stay stuck in the machine? A machine that uses and abuses you? A machine that feeds itself by extracting and devouring your time, attention, and value? Or do you have the courage to take control of your wealth, health, thoughts, and speech?"
~ DerGigi
Free speech is a non-negotiable foundation for society and human progress, as the 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/messageSat, 30 Mar 2024 - 49min - 1142 - Chat_095 - The Fall of the Fiat Empires with Preston Pysh
Guy Swann and Preston Pysh explore the dramatic shifts in global finance and the pivotal role of Bitcoin amidst rising inflation and the banking sector's vulnerabilities. They discuss how Bitcoin's growing influence could recalibrate financial power dynamics, offering a stark contrast to traditional economic mechanisms prone to manipulation and control.
How might Bitcoin's ascent challenge the existing financial order and catalyze a shift towards more decentralized, resilient 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/messageWed, 27 Mar 2024 - 1h 26min - 1141 - Guy's Take_082 - Fiat Replacement Theory
Fiat money has a collection of malincentives and consequences for the degrading and rotting of society. As we covered in the first part of this series, it leads to mindless consumerism and a more materialist culture. As we continue, I want to cover something else that it does by stealing the value of our savings which is our bet on the future health and capacity of society to provide for us. What happens when we are forced to bet against the future. As well as artificially lowering the price to 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/messageMon, 25 Mar 2024 - 57min - 1140 - Read_810 - Censorship in America
"The mechanisms enforcing this modern censorship are not confined to private sectors or individual platforms but are significantly directed and influenced by the U.S. government itself. This intertwining of state powers with censorship activities marks a troubling departure from traditional American values, where free speech has been held sacred."
~ Dr. Joseph Mercola
The troubling and dangerous emergence of a modern censorship system has taken hold in the west. A partnership of the 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)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 world is not sliding, but galloping into a new transnational dystopia. This development has not been properly recognized outside of national security circles. It has been hidden by secrecy, complexity and scale. The internet, our greatest tool of emancipation, has been transformed into the most dangerous facilitator of totalitarianism we have ever seen."
~ Julian Assange
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/messageFri, 22 Mar 2024 - 1h 04min - 1139 - Chat_094 - Pessimism, Optimism, & Rationally Passionate Ranting with Clint Russell
"As far as I'm concerned, there's no obvious increased danger from the CCP having control over our access or our information or even modifying the algorithm, than it is the alphabets of the world or the METAs of the world or the CIA or the FBI's of the world, like these people... as far as I'm concerned, the United States federal government is way more of an existential threat to me than the CCP. I'm domiciled here, they have the ability to fine and tax and sanction and 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)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/messageWed, 20 Mar 2024 - 2h 01min - 1138 - Read_809 - Bitter Opposition to Bitcoin
"In a system that depends on irresponsible government spending (especially for perpetual war) and fiat printing to cover that irresponsibility, alarm bells cannot be allowed to work. There must be no pure price signals.
~ MacroScope
In "Bitter Opposition to Bitcoin," the episode delves into the reasons behind policymakers' aversion to Bitcoin, particularly the prospect of a Bitcoin ETF. What if the antagonism has nothing to do with the openly stated claims? Does Warren 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)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 first duty of a man is to think for himself”
~ Jose Marti
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/messageTue, 19 Mar 2024 - 43min - 1137 - Read_808 - Bitcoin is Worse than a Ponzi, It's An Insurrection
"Bitcoin will probably crash again but it is neither a Ponzi scheme nor a bubble – it’s something far worse: It is an inherently secure, tightly-controlled asset with a regulated supply, and is therefore a subversion to the whole basis of free-market financial capitalism."
~ Alan Kohler
What if Bitcoin is actually much worse than a Ponzi scheme? What if it's both here to stay, but also a total subversion to the very idea of the system we are currently in? Could this be another 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)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/messageFri, 15 Mar 2024 - 49min - 1136 - Read_807 - A Measure of Sacrifice, Part 2
"Of all measurement instruments, the clock is the most valuable because so many of the things we sacrifice to create are not fungible. The massive clock towers of Europe, with their enormous loud and resonant bells, broadcasting time, fairly across the town and even the countryside, rather than the last relics of the medieval, were the first building block of the wealthy modern world."
~ Nick Szabo
Part 2 of "A Measure of Sacrifice" delves into the profound impact of 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)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)“When you want to help people, you tell them the truth. When you want to help yourself, you tell them what they want to hear.”
~ Thomas Sowell
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/messageWed, 13 Mar 2024 - 59min - 1135 - Read_806 - A Measure of Sacrifice, Part 1
"From an engineering perspective the mechanical clock with its novelty, the escapement, was by far the more important invention. In terms of its impact on contemporary temporal relationships, the mechanical clock and sandglass were of similar importance. The main innovations were the restructurings of the relationships themselves. Chief among these was the time-rate wage, which played a leading role the economic revolution that started in the late Middle Ages. -- During this era physically 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)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)"There is no second best" ~ Michael Saylor
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/messageMon, 11 Mar 2024 - 1h 10min - 1134 - Guy's Take_081 - Fiat Materialism
I'm sure you have heard the claim that without inflation and the good people running the counterfeit machine, people would never spend money and it would cause an economic crisis. But have you ever seriously considered what the consequences of encouraging consumption and materialist economic activity might actually be, and whether we really need to subsidize the human desire to use up resources? What if it degrades the very process by which we even determine what our resources are worth to 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) 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)"And were an epitaph to be my story I'd have a short one ready for my own. I would have written of me on my stone: I had a lover's quarrel with the world."
~ Robert Frost
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/messageWed, 06 Mar 2024 - 58min - 1133 - Read_805 - Dear Crypto & Fiat Bros
"Whether you're a rekt crypto bro or a friend of fiat, there is one thing that is especially difficult to accept. The one thing that sets Bitcoin apart: it all works without anyone in charge."
~ Gigi
The crypto and fiat bros of the world are likely in shock as Bitcoin, once again, has not died. Once again, rallies toward all time highs despite the clear "unbacked tulip mania bubble" that it really is if you ask the typical fiat and crypto minded. I think it's 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) Guy on X(Link: https://twitter.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)“Sometimes the questions are complicated and the answers are simple.”
~ Dr. Seuss
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/messageMon, 04 Mar 2024 - 57min - 1132 - Read_804 - The Past, Present, & Future of Offline Payments
"It might feel as if the promised future is perpetually out of reach, but building Lightning is a lot like climbing a mountain. Climbers never really see the summit until they’re standing on top of it. They often can’t even see over the next ridge. Planning the ascent is important, but most of the time you’re simply concentrating on the next foothold. But the steps add up. Just like the view from the top is the reward for all that effort, a brighter monetary future will be our reward for 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)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)“We can complain because rose bushes have thorns, or rejoice because thorns have roses.”
~ Alphonse Karr
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/messageWed, 28 Feb 2024 - 1h 03min - 1131 - Read_803 - Inflation in a HyperBitcoinized World
"Izzy said there could be inflation in a hyperbitcoinized world. And she's right. Calm down, maxis, calm down! Explaining why this is true sheds light on yet another of Bitcoin’s quasi-magical properties and paints our hyperbitcoinized future an even rosier shade of orange. This is good for Bitcoin."
~ Allen Farrington
This may seem crazy, heretical even, but inflation can occur in a hyperbitcoinized world. How could that possibly be? When there's only ever 21 million BTC? Is 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) 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)"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/messageTue, 27 Feb 2024 - 41min - 1130 - Chat_093 - P2P Payments for the World with Roy Sheinfeld
"I'm super confident that lightning is not just the present but also the future of lightning. It is the interoperability layer between all things Bitcoin." ~ Roy Sheinfeld
What is the future of the lightning network and how is it transforming the Bitcoin ecosystem? Today we take a journey with Roy Sheinfeld of Breez, diving into the latest innovations in lightning, exploring the Breeze SDK, liquidity management, and the path and place that lightning will have in an open, 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) 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/messageFri, 23 Feb 2024 - 1h 42min - 1129 - Read_802 - How Inflation Destroys Civilization
"The foregoing considerations are by no means an exhaustive account of the cultural and spiritual legacy of fiat inflation. But they should suffice to substantiate the main point: that fiat inflaiton is a powerhouse of social, economic, cultural, and spiritual destruction."
Fiat inflation is more than a hidden tax on everyday folks—it's the fuel for the worst parts of our system, feeding both the war monster overseas and a creeping police state at home. It fosters a culture where 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
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)“Don’t pay attention to ‘authorities’, think for yourself.”
~ Richard P. Feynman
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/messageWed, 21 Feb 2024 - 58min - 1128 - Read_801 - To Dust You Shall Return
"During the peak transaction fee times over the past month, our example transaction would be dust even for .001 BTC. That’s a little less than $50 at current market conditions. This feels incredible. 100,000 sats suddenly turned into dust. Gone. Unusable. This is terrifying."
~ Joe Rodgers
While we have a short respite from the crazy fees that have hit the Bitcoin world recently, there couldn't be a more important time to discuss the cost of moving UTXOs and just how to manage 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/messageMon, 19 Feb 2024 - 44min - 1127 - Chat_092 - Second Coming of the P2P Web
We had an awesome chat on Twitter Spaces where we discuss the launch of Pear Runtime, bringing Paolo Arduino, Mathias Buus, David Markclem, Samson Mow, and Giacomo Zucco!
We dig into what this could mean for the future of application development, the impact it will have on the tech industry, how it could disrupt monetization models, how this could be used in gaming, journalism, social media, et al, the control it will shift back to the user, and about ushering in the second coming of the peer to 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](Link: https://keet.io/)Join the Keet room with thePear Community (Link: https://pears.com/contact/)
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)“Your beliefs become your thoughts, Your thoughts become your words, Your words become your actions, Your actions become your habits, Your habits become your values, Your values become your destiny.”
~ Gandhi
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/messageFri, 16 Feb 2024 - 2h 13min - 1126 - Read_800 - Mining Misinformation - How the UN Misrepresents Bitcoin Mining
"For too long, the world has had to endure the fallout of subpar academic research on bitcoin mining’s energy use and environmental impact. The outcome of this bullshit research has been shocking news headlines that have turned some well-meaning people into angry politicians and deranged activists. So that you never have to endure the brutality of one of these sloppy papers, I’ve sacrificed my soul to the bitcoin mining gods and performed a full-scale analysis of a study from the United 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
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/messageWed, 14 Feb 2024 - 1h 15min - 1125 - Read_799 - Nostr Wallet Connect - Bitcoin App Collaboration
"NWC is useful for far more than simply integrating Lightning into Nostr applications as well. The entire design philosophy of Nostr itself as a protocol was centered around keeping it simple enough that the entire protocol could be easily implemented correctly by any developer with minimal time and resources. Applications that have nothing to do with Nostr can easily integrate NWC or similar protocols with almost no overhead or complexity to address the underlying issues of how to connect 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)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)“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/messageMon, 12 Feb 2024 - 57min - 1124 - Read_798 - Quantum Computing's Reality Check
The main promise of quantum computing is the ability to solve problems far faster than classical computers, but exactly how much faster varies. There are two applications where quantum algorithms appear to provide an exponential speed up, says Troyer. One is factoring large numbers, which could make it possible to break the public key encryptionthe 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)
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/messageFri, 09 Feb 2024 - 42min - 1123 - Read_797 - The Next Big Thing Will Look Like a Toy
"One of the amazing things about the internet economy is how different the list of top internet properties today looks from the list ten years ago. It wasn’t as if those former top companies were complacent – most of them acquired and built products like crazy to avoid being displaced.
The reason big new things sneak by incumbents is that the next big thing always starts out being dismissed as a “toy.”
~ Chris Dixon
Why do so many miss the biggest innovations and most revolutionary 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
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/messageThu, 08 Feb 2024 - 40min - 1122 - Guy's Take_080 - But Bitcoin Wastes Energy
"Bitcoin wastes energy. You've heard it a million times. But what if its the exact opposite of the truth in every way? What if its actually our energy grid that is wasteful, and Bitcoin can fix it? What if its renewable energy that is unreliable and uneconomical, and bitcoin mining can balance it out. What is its fiat that's wasteful and unfair, and Bitcoin can correct it? And what if the entire premise is built upon the failure to even understand what it is that Bitcoin does? I 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/messageMon, 05 Feb 2024 - 1h 39min - 1121 - Read_796 - Stranded - How Bitcoin is Saving Wasted Energy
"One night during my visit to Bondo, Carl asked me to pause as the sunset was fading, to look at the hills around us: the lights were all turning on, all across the foothills of Mt. Mulanje. It was a powerful sight to see, and staggering to think that Bitcoin is helping to make it happen as it converts wasted energy into human progress."
~ Alex Gladstein
Can you imagine what it may be like to lack access to the most basic necessities like electricity, only to finally have the 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/messageFri, 02 Feb 2024 - 1h 42min - 1120 - Read_795 - Bitcoin is Dead (Long Live IBIT)
"To put it simply, there are now corporations with billions of dollars of investment in not just the asset, but the ecosystem. Mining is a huge economic drain on the system, and all it accomplishes is censorship resistance. If censorship resistance isn’t worth tens or hundred of billions or dollar per year to the corporations; they will find a way to end it. When they do try to end it, they can point to the ETFs enduring appeal and ignore any constitutional brinkmanship from OG Bitcoiners 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/messageWed, 31 Jan 2024 - 1h 10min - 1119 - Chat_091 - Economic Myths & The Dollar's Destiny with Dr. Robert Murphy
In today's chat we dive into destroying economic myths and unraveling the political divides of our time toward what future they may be leading us to. What can we make of the balkanization of the US, a push for Texas independence, the unraveling of a global reserve currency and what could we see in the dollar's demise? We dive into all this and more with renowned Austrian economist, and author of Choice among many other books, Dr. Robert P. Murphy.
References from the show
Bitcoin 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/messageTue, 30 Jan 2024 - 1h 15min - 1118 - Read_794 - Open Letter To Prospective ETF Buyers
"Bitcoin enables perhaps the most powerful mode ofownershipever 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 Capitalismby 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/messageFri, 26 Jan 2024 - 33min - 1117 - Read_793 - How DigiCash Blew Everything
"Retrospectively, a lot of ex-DigiCash employees understand why Chaum was so paranoid. As a cryptographer you have to assume the whole world is trying to rip you off. A certain amount of paranoia is part of the job. Chaum had also worked for intelligence agencies, and that didn't fortify his faith in the good intentions of humankind. His vision of the privacy of the individual was almost an obsession. In 1996 he said, in the relations magazine of Honeywell-Bull: "The difference 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/messageWed, 24 Jan 2024 - 51min - 1116 - Chat_090 - The Danger of Being Right Too Early with Devon Eriksen
Sometimes in life and the course of history, there are moments where simply stating the truth, in a clear and understandable way, can stir a fire in thousands or even millions of people.
Devon Eriksen, author and destroyer of socialist nonsense, joins us today to get to know him and his perspective. We discuss the nature of story, the importance of culture, the power of stating the simple truth, the dangers of being right too early, and what we need to do to turn the tide of a dying moral code and protect our values for future generations.
Links Referenced
Small Godsby 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/messageTue, 23 Jan 2024 - 1h 44min - 1115 - Guy's Take_079 - BITCOIN IS NOT MONEY
"I hope Bitcoin sticks around and grows more popular, but in its current form to most in#TradFiit 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/messageSat, 20 Jan 2024 - 1h 03min - 1114 - Read_792 - How CTV Helps Scale Bitcoin
"Part of the problem of Lightning’s shortcoming regarding scalability of Bitcoin ownership is that in order to open a channel, or control a UTXO, you actually have to transact on the base layer. After that Lightning can facilitate a very large number of transactions off-chain but a user must still transact on-chain to onboard themselves to Lightning, It massively increases the number of transactions Bitcoin can process but it does nothing at all to increase the number of people who can own 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/messageWed, 17 Jan 2024 - 49min - 1113 - Chat_089 - Lightning's Next Era with Sam Wouters
There are a lot of speculation, claims, predictions, and accusations around the successes and faults of the Lightning Network. But where do this things fall when we look at the boots on the ground metrics? When we really look at the hard data, what can we know for certain? Today we dig into the past few years of lightning development and growth with Sam Wouters from River, author of the incredible Lightning Report released in August of last year.
If you are interested in the truth of Lightning, 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/messageMon, 15 Jan 2024 - 1h 32min - 1112 - Guy's Take_078 - Are the ETFs the End of the Bitcoin Dream?
The legacy financial system has arrived. One January 10th, numerous Bitcoin ETFs were approved. But is this even a good thing? What does this signal for the legitimacy of Bitcoin as an asset? What does it mean for the sovereignty of the network? This could both bring trillions of dollars in liquidity into Bitcoin and break through the Overton window of the average person. This may make bitcoin "real" for many who refused to pay attention before. But the big question... the real risk, 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/messageSat, 13 Jan 2024 - 59min - 1111 - Read_791 - Rethinking Lightning
" Channel liquidity and offline receives, in my opinion, are the two most obvious reasons why self-custodial lightning is not popular. When most users hear about any of these, they just think "screw that" and move to a custodial wallet because it is so much easier. If these were our only two problems, I think self-custodial lightning would be fine. It may never be the predominant way people use lightning, but we could get the UX good enough that we have a significant portion of 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/messageTue, 09 Jan 2024 - 50min - 1110 - Read_790 - The African Village Mining Bitcoin
"The computers used to create valuable new Bitcoin tokens and validate transactions consume around the same amount of energy as a medium-sized country such as Sweden would generate. Hence the stinging critique of how this cryptocurrency wastes the planet’s precious resources." — Ian Birrell
Is it true that Bitcoin only wastes energy and is the sole purview of financial gambling and speculation in the western world, or are there boots on the ground showing the real results of the "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
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/messageMon, 08 Jan 2024 - 41min - 1109 - Read_789 - Can Appreciating Bitcoin Be a Good Money?
"Bitcoin appears to be a decentralized Ponzi scheme not a decentralized currency. People don't spend it because they want it to go up. The dollar works because of inflation. It keeps velocity up like hot potato. If you want to store value silver gold and land. Because it's beautiful useful and valuable. Bitcoin is a Ponzi scheme without an individual attached to it to go to prison. So the media can control swings for profit. That's my opinion about bitcoin. The purpose isn't 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!
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)“Production is quite possible without money. There is no need for money either in the isolated household or in the socialized community. Nowhere can we discover a good of the first order of which we could say that the use of money was a necessary condition of its production.”
― Ludwig von Mises
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/messageSat, 06 Jan 2024 - 1h 00min - 1108 - Read_788 - Stone Ridge 2023 Investor Letter
"Since 2017, bitcoin has been Stone Ridge’s treasury reserve asset because of my extreme aversion to risk. We run net short USD – which is fancy way of saying we net borrow fiat - to pay bills and make investments. We save in bitcoin. It would be impossible to overstate the corporate advantages of being on the Bitcoin Standard. Since 2017, we’ve doubled our franchises to ten, more than 10x’d our trading profits, and delivered 25% annualized ROE for our shareholders. Our firm compensation, 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
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/messageWed, 03 Jan 2024 - 1h 31min - 1107 - Read_787 - Usury, Your Bank, and You
"This decision, which is legally sound, has the effect of declaring all private mortgages on real and personal property, and all U.S. and State bonds held by the Federal Reserve, National, and State banks to be null and void. This amounts to the emancipation of this Nation from personal, national, and state debt purportedly owed to this banking system. Every American owes it to himself to study this decision very carefully, for upon it hangs the question of freedom or slavery."
~ 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 atUsury, 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 Currenciesby 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
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/messageMon, 01 Jan 2024 - 1h 00min - 1106 - Reboot - Bitcoin is a Pioneer Species
“This makes Bitcoin miners uniquely symbiotic with energy grids serving as “demand response” partners. If energy is ever in short supply, people get priority over Bitcoin miners. However whenever there is excess energy, it gets monetized. This symbiotic relationship leads to more energy abundance generally.”
~ Brandon Quittem
Another great piece coming at you today from The Bitcoin Times Ed 4, and by returning author Brandon Quittem, who did the incredible Mycelium Series for understanding 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/messageSat, 30 Dec 2023 - 1h 57min - 1105 - Read_786 - The Difficult Adjustment
"We’re less than a year from another halving, awaiting systemic implications from federal regulation and institutional adoption, standing at the precipice of an American primary election into which Bitcoin has irrevocably inserted itself.
Welcome to the big leagues."
~ Mark Goodwin and Alex Bergeron
We are headed into a new era for Bitcoin. The stakes are higher, and the challenges will be even greater. There will be inevitable shifts in how we use and how we think of Bitcoin as a 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
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/messageWed, 27 Dec 2023 - 1h 04min - 1104 - Reboot - The HODL vs DeaterBob Debate
"You’re a thirsty bitch. You like to gargle Peter’s balls."
~ DeaterBob
Merry Christmas! In this reboot episode, we revisit the infamous debate between Bitcoin plebs American HODL and DeaterBob. They're on the same mission of pushing Bitcoin adoption, but their principles and who they're willing to buddy up with couldn't be more opposite. This episode is a lighthearted journey into the hilarious underbelly of discussions in the Bitcoin community.
Check out the original 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) --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/messageTue, 26 Dec 2023 - 48min - 1103 - Reboot - Isaiahs Job
"There is a Remnant there that you know nothing about. They are obscure, unorganized, inarticulate, each one rubbing along as best he can. They need to be encouraged and braced up because when everything has gone completely to the dogs, they are the ones who will come back and build up a new society; and meanwhile, your preaching will reassure them and keep them hanging on. Your job is to take care of the Remnant, so be off now and set about it."
~ Albert Jay Nock
In this reboot 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) --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/messageSun, 24 Dec 2023 - 1h 06min - 1102 - Chat_88 - Broken Money, Broken World with Lyn Alden
"You got to go from proto banking to full service banking and then to central banking and you know interconnected central bank. So now a lot of that is actually a technological story and I don't think it gets covered enough because most people covering it. Historians and economists aren't necessarily looking at the lens of technology and at most they'll give a caveat like oh the telegraph allowed this.
But it's like no, that's actually not like a footnote.That's a 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) --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/messageFri, 22 Dec 2023 - 1h 37min - 1101 - Read_785 - Everyone Needs an Uncle Jim
"Regulators will continue coming down on those custodians, making more demands for information, more demands on restrictions for what users can do with their money, they will not stop. So short of actually activating covenants on Bitcoin, what can we do?"
~ Shinobi
As we move into an era of bitcoin where the surveillance and control apparatus will seek to gain their stranglehold on the industry, but we still don't have a scaling solution for the whole world, how do we mitigate the 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
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/messageWed, 20 Dec 2023 - 42min - 1100 - Guy's Take_077 - Dear Government...
In this episode I dive into the ongoing shift from closed systems to open, permissionless digital realms, drawing parallels to the internet revolution. I discuss the importance of privacy as a fundamental right, and explain why government attempts to regulate and control Bitcoin are contemptible and flawed. With a focus on recent FinCEN rules and Senator Warren's proposed bill, I advocates for a re-evaluation of regulatory approaches, challenging the authorities to understand the true nature 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/messageMon, 18 Dec 2023 - 55min - 1099 - Read_784 - How FinCEN May Be Violating your Rights
"I’ve done an overall analysis of the proposal by addressing seven different sections of where FinCEN is attempting to infringe on your rights. From violating the sanctity of your personal information and restricting your financial autonomy, to stifling your freedom of speech and association, I’ll unpack each area. This is about shining a light on the fine print, connecting the dots, and equipping you with the knowledge you need to stand up against these intrusive measures. It’s time to 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
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/messageWed, 13 Dec 2023 - 2h 36min - 1098 - Read_783 - Ordinals Are Fiat, Inscriptions Aren't Rare
"Nothing in the ordinal logic requires inscriptions to be linked to the “first” sat. So why is it the first sat of the first output? Why not the second sat of the first output? Why not the last, or one of the other hundreds, thousands, or millions of other satoshis which were also present in that same transaction? The answer is, well, because we are _pretending_ that it is so. In other words, we say a sat is inscribed _by fiat_."
~ Southern Hands
You may have heard many claims of the 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_592by 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
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/messageMon, 11 Dec 2023 - 1h 14min - 1097 - Read_782 - The Ethics of Emergencies
The principle that one should help men in an emergency cannot be extended to regard all human suffering as an emergency and to turn the misfortune of some into a first mortgage on the lives of others.”
~ Ayn Rand
Today we are going to turn some concepts on their head. I hope that this challenges many to reflect not on their judgements, but to reflect on *the internal values that push us toward those judgements.* What if our thinking is twisted by a deeply internalized, but absurdly unrealistic 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/messageFri, 08 Dec 2023 - 1h 15min - 1096 - Read_781 - The Censorship Industrial Complex, CTIL Files 01
"Many people insist that governments aren't involved in censorship, but they are. And now, a whistleblower has come forward with an explosive new trove of documents, rivaling or exceeding the Twitter Files and Facebook Files in scale and importance."
~ Michael Shellenberger
From time we time we get a lucky glimpse into the mindset and tactics of the counterfeit class. Exposing their crimes and systems of manipulation. Today we uncover more, thanks to the help of an anonymous, 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
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/messageWed, 06 Dec 2023 - 1h 17min - 1095 - Guy's Take_076 - Fiat Money's Dark Secret
The free market works because economic decisions are made by people who have skin in the game. When you spend $100 you have earned, you understand the cost. It was your sweat the created the gain, and no one can understand that cost better than you when you go to spend it. Genuine value information, and real trade offs inform the price in the market. Money is simply a reflection of the resources it is allocating. It is nothing more than a ledger system for allocating resources across time. But 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
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/messageMon, 04 Dec 2023 - 1h 18min - 1094 - Read_780 - Lightning is Doomed!
"A reality check on the limitations of Lightning Network, and what that means in terms of its long term viability. No, it's not doomed, but it probably won't be used the way you expected it to be."
~ Shinobi
What has happened to lightning? With fees skyrocketing thanks to Ordinals bloating blockspace, tons of payments over lightning are no longer viable, or become entirely trusted. How did we not see this coming and what new issues have arisen as Lightning has matured? Does 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 MagazineLightning 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)Check out our awesome sponsors!
Get 9% off the COLDCARD with code BITCOINAUDIBLE (Link: bitcoinaudible.com/coldcard)"The fact that so many successful politicians are such shameless liars is not only a reflection on them, it is also a reflection on us. When the people want the impossible, only liars can satisfy."
~ Thomas Sowell
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/messageTue, 05 Dec 2023 - 48min - 1093 - PSA - Farewell Nodeless
Nodeless is dead. Long live Nodeless. Unfortunately the Nodeless payment service has had to shut down, but for anyone who needs to get in touch for any issues then feel free to contact me or UTXO. Nodeless is also open source, so if you wish to setup an instance for yourself, the project is available on github:
https://github.com/nodeless-io/nodeless-monolith
Follow UTXO on Nostr for surely other great things to come:
npub1utx00neqgqln72j22kej3ux7803c2k986henvvha4thuwfkper4s7r50e8
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/messageThu, 30 Nov 2023 - 03min - 1092 - Read_779 - A Network of Keys
"Clients applying this reasoning should remember that, in bitcoin, no one is too big to fail. There is no government or money printer capable of restoring lost coins, so there are no bailouts. Trusting a single company, no matter their qualifications, to protect your bitcoin creates significant counterparty risk."
~ Dhruv Bansal
We come at you with another read today, this one on the maturation and new developments in the collaborative custody industry. Today we are used to thinking 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
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/messageWed, 29 Nov 2023 - 1h 34min - 1091 - Read_778 - Durabit, Incentivizing Torrent Seeders
"A recent anonymous proposal specifies a system using timelocked Bitcoin transactions and chaumian ecash mints to create an economic incentive for BitTorrent users to seed files."
~ Shinobi
Bittorrent was one of the most important protocols in the world during its day, but it always had one striking drawback, for any content that wasn't very popular, availability was always a problem. Even more so today as the network has found itself a smaller and more fringe part of internet 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
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/messageMon, 27 Nov 2023 - 57min - 1090 - Reboot - Bitcoin is Digital Scarcity
"The difference between the Linden Dollar, World of Warcraft Gold, Fortnite V-Bucks, the Euro, and the U.S. dollar is in scale, not in nature. While V-Bucks are created and controlled by Epic Games (the company that created Fortnite), the U.S. dollar is created and controlled by the Fed. One impacts millions of people, the other billions. The mechanism that keeps these monies in check--the rules of the game, if you will - is the same in both cases: central decree."
~ DerGigi
For those 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
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/messageFri, 24 Nov 2023 - 1h 13min - 1089 - Guy's Take_075 - A Global Monetary Rebellion
The election of Javier Milei is unlikely the be the next El Salvador, but I don't think it needs to be in order to be significant. There is something deeper going on for Javier to win on the message he is sending. And I think it shows the signs of a shifting tide, and Bitcoin is the island that's coming into view.
References made in the episode for further reading:
Find the many books and products recommended on this show at prodcast.io (Link: https://prodcast.io/collections/bitcoin-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
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/messageWed, 22 Nov 2023 - 1h 10min - 1088 - Read_777 - The Inevitable Bust
"The recurring cycle of economic booms followed by inevitable busts has remained a puzzle for generations of observers. While mainstream Keynesian and monetarist theories propose monetary interventions to smooth these fluctuations, the Austrian School offers a compelling and alternative perspective"
~ Michael Matulef
The bust will not be escaped. We cannot print our way out of it, we cannot cover it up with more artificial interest rate controls. We have drunken ourselves into an 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/3wmyk8rdBooks Mentioned
Broken Money by Lyn Alden - Link: https://tinyurl.com/mvu8jm7c Price of Tomorrow by Jeff Booth - Link: https://tinyurl.com/bde45j95Host 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
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/messageMon, 20 Nov 2023 - 54min - 1087 - Chat_87 - Coinos & Merchant Onboarding with Adam & Cole
"Ultimately, my goal with Coinos is to make Bitcoin a super simple user interface for "normies" to be able to come on and not have to understand how things are working under the hood... Just get on the website, make your account and you're good to go."
- Adam
Today we bring on the team from Coinos on the developing merchant market, how to build tools and services in an uncertain regulatory environment, and how to onboard your local market into the Bitcoin ecosystem easily and for their benefit. They've built a tool to simplify interfacing with Bitcoin and Lightning, and soon Liquid as well, to make the next era of adoption, the one that finally expands to a global, brick and mortar marketplace. The era of Bitcoin commerce is coming, it's time to prepare accordingly.
Check out our guests and follow the project on Twitter and Nostr below:
A huge thanks to our amazing sponsors:
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 tobitcoinaudible.com/nodelessand 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/messageThu, 16 Nov 2023 - 1h 33min - 1086 - Guy's Take_074 - Banks Without Bankers
Is Bitcoin destined to become another fiat system? Where we end up in a world where the dominant instrument isn't Bitcoin at all, but just more IOUs? Where Bitcoin substitutes replace real Bitcoin? Does it not just become another fiat system, or are there fundamental incentives and technological trends that prevent this and push us ever closer to total sovereignty? With smaller and smaller communities and institutions able to organize and exit in an independent way... where a Bitcoin world 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. FollowAxiomBTCandEric Yakeson Twitter Other great sources mentioned in this episode:Found this and all the other great recommendations that I regularly share on the show on the Bitcoin audible page atProdcast.ioA 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 tobitcoinaudible.com/nodelessand 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
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/messageWed, 15 Nov 2023 - 1h 50min - 1085 - Read_776 - Banks Without Bankers
"Unique to the emergent Bitcoin financial system is the application of cryptography to fundamental financial functions. Novel technologies exist, are being built, and have been theorized that will enable previously unseen functionalities, robustness, and, ultimately, competition amongst Bitcoin financial intermediaries. Key to these novelties is the characteristic of peer-to-peer (“P2P”) exchange; that Bitcoin financial intermediaries will surely exist as commercial options, but that newly 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 tobitcoinaudible.com/nodelessand 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/messageThu, 09 Nov 2023 - 1h 24min - 1084 - Guy's Take_073 - Lightning is Dead, Long Live Lightning!
LIGHTNING IS DEAD! Did you hear about the new exploit discovered that may be the "nail in the coffin" of the broken and defeated Lightning network? I bet you did, but did anyone you heard it from actually know how it worked?... Probably not. That's what we dive into today, trying to make sense of the new Lightning exploit, how it works, the risk, and whether or not the sky is falling. Find out in today's Guy's Take episode.
A shout out to Shinobi, Matt Corallo, John 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 tobitcoinaudible.com/nodelessand 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/foldDon't forget to check out Prodcast.ioand keep an ear out for Lyn Alden's incredible bookcoming soon to Audible!
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"It is better to be hated for what you are, than to be loved for what you are not." — Andre Gide
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/messageTue, 07 Nov 2023 - 1h 05min - 1083 - Read_775 - The Fed Threatens to Sue Bitcoin Magazine
"We have no interest in causing confusion, mistakes, or deception. That sounds more like a job for those responsible for telling the market they wouldn’t raise rates after a massive monetary expansion, and then went on to raise them faster than at any time in U.S. financial history." — Mark Goodwin
Today we have a very entertaining development thanks to the fools at the Federal Reserve Bank of Chicago. Bitcoin Magazine is being threatened with a lawsuit over t-shirts they are selling 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 tobitcoinaudible.com/nodelessand 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
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/messageSat, 04 Nov 2023 - 39min - 1082 - Chat_86 - Everything on Bitcoin with Robin Linus & Super Testnet
It's often said that Bitcoin is too limited, that you can't build anything interesting on top of the Bitcoin chain... what if that was not only true, but that there were no limits? What if literally anything you could write into code, any program, app, game, theoretically even an entire operating system could be constructed such that its valid execution determined the ownership of Bitcoin? What if there were no limits, and you could build everything on Bitcoin? Today we dive into BitVM with Robin Linus and Super Testnet. A virtual machine built entirely in Bitcoin script, with no soft fork needed. This could change everything.
Links for further exploring:
- Telegram: Contact @bitvm\_chat
- яobin linus 😺 (@robin\_linus) / X
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/messageWed, 01 Nov 2023 - 1h 17min - 1081 - Read_774 - Bitcoin Won't Fix the Federal Reserve
"Will Bitcoin adoption improve the monetary policy behaviors of the Federal Reserve? I submit that it won’t. I do not see the incentive for the Federal Reserve to give into anyone or anything, let alone Bitcoin. Be honest, Bitcoin is surely not big enough to be a threat to the U.S. dollar. The United States is far more concerned with U.S. dollar dominance being threatened by, say, the Chinese yuan. Bitcoin on its own has not destabilized anything." — George Kaloudis
Will the Federal 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:
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 tobitcoinaudible.com/nodelessand 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
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/messageThu, 26 Oct 2023 - 37min - 1080 - Read_773 - A Solution to Scaling Lightning
"Timeout Trees is a very concrete and specific proposal for a channel factory design that actually attempts to address the real issues of use and implementation instead of a half-defined and vague concept. That is massive progress in terms of addressing Lightning's long-term scaling limitations." — Shinobi
Today we dive into a cool proposal that takes advantage of covenants to build the first, practical implementation of a "lightning factory," or in other words, a way to create hundreds, even thousands of lightning channels taht exist entirely off chain and require only the most minimal footprint in the cases where things go wrong. Another great piece by Shinobi breaking down the technical developments that matter.
Check out the original article at:Bitcoin Magazine
If you want to support the show and an awesome new service, check out Prodcast.io to purchase any books (and other products in the future) that i have recommended on the podcast: Bitcoin Audible – Prodcast
Check out our amazing sponsors who make this show possible:
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 tobitcoinaudible.com/nodelessand 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-------------------------------------------------------------------
“To believe in something, and not to live it, is dishonest.” ― Mahatma Gandhi
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/messageTue, 24 Oct 2023 - 49min - 1079 - Basics_008 - How to Buy Bitcoin
We are diving back into the Bitcoin basics series today! Now that we understand how bitcoin works, what is important, how to stay safe, and how to use it, it's time to answer the most basic question for getting started... How do I get some Bitcoin!? Let's dive in with Bitcoin Basics episode 008.
Wallets:getalby.com | Phoenix Wallet
Nostr:primal.net
Buy Bitcoin:
Sign Up to Buy & Sell Bitcoin | River
Other episodes:
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 tobitcoinaudible.com/nodelessand 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-------------------------------------------------------------------
"The most beautiful thing we can experience is the mysterious. It is the source of all true art and all science. He to whom this emotion is a stranger, who can no longer pause to wonder and stand rapt in awe, is as good as dead: his eyes are closed." — Albert Einstein
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/messageWed, 18 Oct 2023 - 40min - 1078 - Read_772 - Easier Way to Bootstrap the UTXO Set
"After four years of work, James O'Beirne's assumeutxo option to allow instant UTXO set bootstrapping for your Bitcoin node is merged into Bitcoin Core." — Shinobi
There has always been a gap between the sovereignty, privacy, and security of software, and the usability of it. But thanks to an enormous amount of work and brilliant developers, day by day that gap is getting smaller. Where the most secure tools, the most robust node setups, the non-custodial options, are getting easier, faster, and more responsive. Today we have an article by Shinobi on another seemingly small, but potentially very impactful development on bootstrapping a new node, with assumeutxo finally merged, into Bitcoin Core. If you want to know what that means, then don't miss this episode.
Check out the original article at:Bitcoin Magazine
A huge thanks to our sponsors, and don't forget to check out the offers for the listeners of this show!
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 tobitcoinaudible.com/nodelessand 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-------------------------------------------------------------------
“Be yourself; everyone else is already taken.” ― Oscar Wilde
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/messageTue, 17 Oct 2023 - 36min - 1077 - Read_771 - Beating Fiat with the Breez SDK
"There used to be tradeoffs between Lightning and fiat: UX vs. sovereignty; UX vs. speed; UX vs. cost; off-the-shelf fiat payment widgets vs. coding a node into an app. With the Breez SDK, Lightning beats fiat across the board. It’s faster to implement (as Ross says, “It’s like one or two API calls to set up a node, one to send a payment and one to receive payment”), cheaper to use, legally less complicated (check your jurisdiction), more private, and the UX is on par with fiat for the user and even better for the developers." — Roy Sheinfeld
If you are curious what the future of lightning is going to look like, or exactly how huge the runway is for adoption and onboarding in the next bull run, then this short article detailing out a simple example will show you just how powerful the Breez SDK + Blockstream Greenlight combo really is. Non-custodial, always online, instant node setup, and zero channel or liquidity management. This is the culmination of everything built in lightning to date, and its going to be a game changer!
Check out the original article at:
Satimoto Is Beating Fiat with the Breez SDK | Breez Technology - https://medium.com/breez-technology/building-on-lightning-how-satimoto-is-beating-fiat-with-the-breez-sdk-88aa8252a994
Check out some of Roy's other great articles covered on the podcast:
Read_701 - Lightning for Everyone in Every App
Read_574 - Lightning & The Internet - Choosing the Right Path
Read_732 - We Need More Apps With Lightning, Not More Lightning Apps
Read_450 - Getting Lightning Ready for Global Takeover
A huge thanks to our sponsors, and don't forget to check out the offers for the listeners of this show!
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 tobitcoinaudible.com/nodelessand 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-----------------------------------------------------------------
"It takes considerable knowledge just to realize the extent of your own ignorance." — Thomas Sowell
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/messageFri, 13 Oct 2023 - 43min - 1076 - Read_770 - The Big Deal with BitVM
"It requires no consensus changes to Bitcoin at all. The trick is lifting all of that logic off-chain and being able to challenge a few steps of the computation on-chain if the other party asserts a dishonest outcome. In short, BitVM will bring arbitrary Turing-complete computation, in an enforceable way, to bitcoin itself – today."
What if you could enforce the ownership of Bitcoin, with literally any code you could think of writing? That may just be possible, today, without any changes or soft forks to the underlying network, through a system of abstraction that cleverly, and verifiably, allows execution of completely arbitrary code within the Bitcoin script, which will determine the ultimate owner of any bitcoin balance. This, could be massive. A great piece from Shinobi explains, how and why it works...
Check out the original article at: Bitcoin Magazine
Links:
Spiderchains: A proof of stake second layer for Bitcoin
Read_734 - Introducing Ark [Burak]
A huge thanks to our sponsors, and don't forget to check out the offers for the listeners of this show!
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 tobitcoinaudible.com/nodelessand 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-----------------------------------------------------------------
“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
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/messageWed, 11 Oct 2023 - 53min - 1075 - Guy's Take_071 - But Bitcoin Doesn't Innovate
I hope you listened to the recent read by Beautyon, Bitcoin and Software Reliability, because today we continue our FUD Relief series. I suspect you have heard the claim that "Bitcoin doesn't innovate" and that newer and shinier blockchains are destined to replace it. I explore this idea today and suggest that the very framing of the claim suggests they have misunderstood Bitcoin's highest value. I break it down in today's Guy's Take episode.
Check out our amazing 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 tobitcoinaudible.com/nodelessand 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------------------------------------------------------------------
“The system of private property is the most important guarantee of freedom, not only for those who own property, but scarcely less for those who do not.” — F. A. Hayek
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/messageTue, 10 Oct 2023 - 57min - 1074 - FEATURING AI Unchained #008 - Ecash and Ai with Obi Nwosu
Obi Nwosu, co-founder and CEO of Fedi, joins us today to talk about the new innovations and challenges in decentralising the web and how both Bitcoin and Ai are at the core of making it possible.
This conversation was recorded for the AI Unchained podcast, but I decided to cross post it here since a lot of the conversation is themed around Bitcoin.
Guest Links: Follow Obi on X: https://x.com/obi
Follow Fedi on X: https://twitter.com/fedimint
A huge thanks to our sponsors, and don't 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 tobitcoinaudible.com/nodelessand 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/messageMon, 09 Oct 2023 - 1h 20min - 1073 - Reboot - Bitcoin & Software Reliability
"With Bitcoin, lives and money are at stake. Interruption of its service can cause a cascade of losses and unintended consequences for potentially millions of people and billions of fiat dollars. If it is possible to build a Bitcoin that cannot fail, that should be the goal, and no compromise should be acceptable." — Beautyon
Before we get into a Guy'a Take to continue our FUD Relief series - addressing the failures to understand the value and purpose of Bitcoin - it's time to bring a brilliant piece back from the archive, update the audio and give some fresh commentary to set the stage for tackling another common misconception of "progress" when it comes to the bitcoin perspective. If there was a top tier of articles that are must-listens to grasp bitcoin, this would be in it. Let's dive in.
Check out the original article at:Bitcoin and Software Reliability by Beautyon | Medium
Don't forget to check out our amazing sponsors for the show:
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 tobitcoinaudible.com/nodelessand 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------------------------------------------------------------------
"The only real voyage of discovery consists not in seeking new landscapes, but in having new eyes." — Marcel Proust
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/messageThu, 05 Oct 2023 - 40min - 1072 - Read_769 - Orange is the New Green
"Our existing financial system is a mirage of wealth and liquidity, sustained by an ever-expanding money supply. Bitcoin emerges as the ultimate shield against the inevitable reckoning that will shatter this illusion."
— Theo Mogenet
Today, we dive into another great piece from Axiom BTC on the mission to reprice the world in sats. We all understand the incredible benefit of Bitcoin as a long term store of value, and that's its monetary properties give it unique capacity for long term savings. However, too often we hear it is a disaster for short term cash balances. What if this wasn't true? What if there was a possible path to Bitcoin, actually being the *best* short term cash equivalent on a global scale, even *despite* it's volatility? If that intrigues you, don't miss this piece.
Check out the original article at:
Orange Is The New Green — Axiom
Links:
Read_750 - Capital in the 21st Century [Allen Farrington]
Chat_80 - Building the Ark with Burak
A huge thanks to our sponsors, and don't forget to check out the offers for the listeners of this show!
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 tobitcoinaudible.com/nodelessand 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/messageTue, 03 Oct 2023 - 1h 10min - 1071 - Chat_85 - Bitcoin HyperDecentralization with Zack Bomsta
In this episode, I talked with Zack ₿omsta, the visionary leader behind Pivotal Pleb. Pivotal Pleb is on a mission to level the playing field for decentralized miners.
Zack shares insights into how their technology is driving decentralisation and empowering individual miners, allowing them to play a vital role in the Bitcoin network. Join us as we unravel the importance of accessible mining solutions and their impact on the future of Bitcoin.
A huge thanks to our sponsors, and don't forget 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 tobitcoinaudible.com/nodelessand 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/messageFri, 29 Sep 2023 - 1h 53min - 1070 - Read_768 - Living Through the Fall of Rome
"Today historians focus on the symptoms of Rome’s fall, the consequences: The moral decay, the economic decline, the fall in public safety, the multiplying plagues from dysfunctional public services, the hollowed-out military that ultimately invited barbarian invasions. But we know these well - in fact we're living through many of them. What's a lot more interesting is the why. Because that's how you stop it." — Peter St. Onge
Are we living through the Fall of Rome? There are so many parallels with the United States empire today and the Roman Empire of so long ago that its hard to ignore. It's difficult to not think we will see the same fate when we experience so many of the same symptoms, with all of the same underlying causes. But do we have a way out? Is there an alternative? Peter breaks it down for us in another great piece, don't miss it.
Check out the original article and Peter's amazing newsletter at: Are we Living the Fall of Rome? - Peter St Onge, Ph.D.
Check out the other great episodes and resources discussed in the commentary:
Check out our amazing sponsors below!
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 tobitcoinaudible.com/nodelessand 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/messageThu, 28 Sep 2023 - 36min - 1069 - Read_767 - Pay Me in Bitcoin Theory
"If the merchant wants the bitcoin and you pay in fiat_, that is you shifting the burden of fiat friction on to them. And paying your valued vendors in bitcoin is the opposite of mutually assured destruction–it's mutually assured survival." — Parker Lewis
Ultimately, the decision to accept Bitcoin as payment will be driven by the fact that those merchants understand the value of Bitcoin and why it is expected to store value into the future. What does that mean for how we think about finding our way to a Bitcoin future? Parker Lewis is back with another great piece, on the "Pay Me In Bitcoin Theory."
Check out the original article at:Pay Me in Bitcoin Theory
The playlist to the entire Gradually, Then Suddenly series in audio: Gradually, Then Suddenly Series - playlist by Guy | Spotify
Another great piece suggested in the commentary:Read\_724 - The Virtue of Selfishness - The Objectivist Ethic [Ayn Rand] - Bitcoin Audible | Podcast on Spotify.
Check out our awesome sponsors at the links below:
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 tobitcoinaudible.com/nodelessand 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---------------------------------------------------------------------------------------------
"If you want to change the world, start with yourself." — Mahatma Ghandi
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message
Mon, 25 Sep 2023 - 58min - 1068 - Read_766 - Spiderchains, Proof of Stake L2
"Take the idea of proof-of-stake as a base layer consensus mechanism, and throw the idea away for right now. That's not what this is, and the problems that need to be solved to enable proof-of-stake as a second layer system instead of a stand alone base layer are not the same. #Proof-of-stake is essentially a #federation, but where anyone can join and can't be stopped from doing so, and with a mechanism to punish members for acting malicious. As a base layer that creates all kinds of existential issues, like the objectivity of a slashing penalty. Proof-of-stake as a second layer does not have that problem when the bonds for slashing are on the main chain, governed by proof-of-work."
We have a new addition to the sidechain discussion with the announcement of "Spiderchains," a novel approach to the peg in/out model. Enalbing a proof of stake system that uses the underlying Bitcoin chain as the ultimate source of time and finality. The interesting thing? Not a single change to Bitcoin is necessary to make it work, so one way or the other, it's going to happen. Find out more...
Check out the original article at:Spiderchains, a Proof of Stake L2
Lopp's Spiderchain Article:An Introduction to Spiderchain
Bitcoin Audible: Read 562 - Only the Strong Survive - Part 1 [Allen Farrington & Big Al]
You can support the show by checking out our sponsors!
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 tobitcoinaudible.com/nodelessand 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---------------------------------------------------------------------------------------
"If the doors of perception were cleansed, everything would appear to man as it is - infinite."— William Blake
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/messageWed, 20 Sep 2023 - 1h 08min - 1067 - Read_765 - "Hoarding" is a Keynesian Slur
"This has been one of the most effective psychological operations that has ever been conducted on the public in human history. The high priests of central banking started running with this narrative and people have come to believe that it is a law of physics. Economies cannot operate efficiently unless there is a steady flow of new monetary units being created and introduced to the economy. If new monetary units aren't being created people will hoard their money and grind the economy to 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!
9% off the Coldcard with code BITCOINAUDIBLE,bitcoinaudible.com/coldcard Check out the KYC Free, simple, no management, Bitcoin merchant solution,Nodeless.io/guy 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----------------------------------------------------
"I favor the policy of economy, not because I wish to save money, but because I wish to save people. The men and women of this country who toil are the ones who bear the cost of the Government. Every dollar that we carelessly waste means that their life will be so much the more meager. Every dollar that we save means that their life will be so much the more abundant. Economy is idealism in its most practical form." — Calvin Coolidge
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/messageFri, 15 Sep 2023 - 33min - 1066 - Chat_84 - Layers, Payments, and Relays with Utxo
Today we sit down with Utxo, founder of Nodeless, on understanding the design space for Bitcoin services, the challenges of making Bitcoin accessible and streamlined for everyone, and a vision of how the future may unfold. Don't forget to check out Nodeless.io/guy and if you setup your donation page, post it on social, and tag me, I'll be your first 10,000 sat donation! And don't forget to check out our incredible sponsors and their offers for the audience! • The easy, KYC free 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
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/messageThu, 14 Sep 2023 - 1h 31min - 1065 - Read_764 - UTXOracle, Decentralizing the Oracle Problem
"It means that, given an open-source model, this could help bring about the ability to:
Independently calculate the price of bitcoin using only your full node at any block height Develop genuine DeFi applications without the need for (or without sole reliance upon) trusted third-party price oracles"— Daniel Hinton & Steve Jeffress
What if we could know, within a 1% precision, what the price of Bitcoin is, by only using your full node, and no other source of data? How useful 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
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 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-------------------------
“No great discovery was ever made without a bold guess.” ― Isaac Newton
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/messageMon, 11 Sep 2023 - 57min - 1064 - Guy's Take #70 - But Deflation is Bad
A deflationary money is going to destroy the economy! If the value of money keeps going up, then no one will ever spend it! If no one spends it, then the economy will fall into a depression and it will never escape... at least, this is what we are told.
How is it that a sound money system with no special privilege and with no printing machine has been equated with the collapse of the economy? How is it that stuff getting more affordable, has been equated with nobody ever buying anything? How 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:
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“I would rather be exposed to the inconveniences attending too much liberty than to those attending too small a degree of it.” ― Thomas Jefferson
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/messageThu, 07 Sep 2023 - 1h 08min - 1063 - Read_763 - Evils of THE ALGORITHM
"Everything about the concept of a social network and the incredible potential and beauty of #nostr as a protocol is in controlling your experience, what content you see, and how you see it. This is literally the entire point of having follows, followers, and reposts in the first place. It's at the core of the very notion of what social media is."
— Guy Swann
Should we be running from the dreaded "algorithms" of social media giants, or should we be thinking about them differently? A short article exploring a big opportunity in decentralized social protocols. Subscribe so you don't miss the FUD Series Guy's Take coming up soon.
Check out the original article at: Habla
A huge thanks to our sponsors, and don't forget to check out the offers for the listeners of this show!
9% off the Coldcard with code BITCOINAUDIBLE,bitcoinaudible.com/coldcard Check out the KYC Free, simple, no management, Bitcoin merchant solution,Nodeless.io/guy 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-------------------------
'“Be yourself; everyone else is already taken.”
― Oscar Wilde
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/messageWed, 06 Sep 2023 - 25min - 1062 - Read_762 - Bitcoin's Security Model Deep Dive
"When discussing consensus mechanismsfor different cryptocurrencies, one issue that often causes arguments is a lack of understanding (and definition) of the security model that they provide for the historical data in the ledger." — Jameson Lopp
Today we have another blast from the past with a deep dive into Bitcoin's security model from Jameson Lopp. The most fascinating thing about this piece is that if understood properly, it gives understanding into why many of the following years in Bitcoin played out the way they did. If you want to truly understand Bitcoin, this needs to be part of your reading list.
Check out the original article at: Bitcoin’s Security Model: A Deep Dive
Links:
Anatomy of Proof of Work [Part 1 - Hugo Nguyen]
A huge thanks to our sponsors, and don't forget to check out the offers for the listeners of this show!
9% off the Coldcard with code BITCOINAUDIBLE,bitcoinaudible.com/coldcard Check out the KYC Free, simple, no management, Bitcoin merchant solution,Nodeless.io/guy 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-------------------------
“I don’t know anything, but I do know that everything is interesting if you go into it deeply enough.” – Richard Feynman
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/messageFri, 01 Sep 2023 - 51min - 1061 - Read_761 - A Sound Bitcoin Financial System [Alex B]
"I believe it’s important to go back to what this sovereignty is made of. Bitcoin works because an economic majority is aligning incentives for every constituent of the network. The longer tail of the economic distribution may choose to run a node and validate consensus but ultimately consensus follows the money."
— Alex B.
Today we close out the lengthy back and forth over the evolutionary path of Bitcoin to a billion + users. Alex B brings us a great followup with a less technical and more abstract understanding of the security model of Bitcoin itself and collaborative custody, through the lens of the economic majority enforcing the honesty of all players. Don't miss another great read.
Check out the original article at :A sound Bitcoin financial system. A sound Bitcoin financial system | by Alex B. | Aug, 2023 | Medium
Links to the other articles in this series and those mentioned in the Guy's Take:
Read_760 - Drivechain's Place in Bitcoin's Future - Bitcoin Audible | Podcast on Spotify
Read_758 - Scaling and Consensus Changes [James O'Beirne] - Bitcoin Audible | Podcast on Spotify]
Read_757 - Putting the B in BTC [Anthony Towns] - Bitcoin Audible | Podcast on Spotify
Read_755 - Drivechains - Bitcoin Audible | Podcast on Spotify
Chat_80 - Building the Ark with Burak - Bitcoin Audible | Podcast on Spotify
A huge thanks to our sponsors, and don't forget to check out the offers for the listeners of this show!
9% off the Coldcard with code BITCOINAUDIBLE,bitcoinaudible.com/coldcard Check out the KYC Free, simple, no management, Bitcoin merchant solution,Nodeless.io/guy 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-------------------------
“Man cannot discover new oceans unless he has the courage to lose sight of the shore.”
― Andre Gide
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/messageTue, 29 Aug 2023 - 42min - 1060 - Read_760 - Drivechain's Place in Bitcoin's Future
"To not die, Bitcoin must become more used. The current thesis accepted by most “maximalists” is that Bitcoin will continue to be thought of as an investment and its price will keep increasing, the price movements will bring more attention to it in a virtuous cycle. Eventually enough people will want to hold it so they will start accepting it as a payment for goods and services and then it can start to be used as money."
Today we dive into Fiatjaf's contribution to the sidechains, 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
Check out our awesome sponsors and the offers they have for the Audible crew!
9% off the Coldcard with code BITCOINAUDIBLE,bitcoinaudible.com/coldcard Check out the KYC Free, simple, no management, Bitcoin merchant solution,Nodeless.io/guy 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-------------------------
"One of the sad signs of our times is that we have demonized those who produce, subsidized those who refuse to produce, and canonized those who complain." — Thomas Sowell
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/messageFri, 25 Aug 2023 - 51min - 1059 - Read_759 - Increasing Interoperability in Second Layer Protocols [Chase Smith]
"Often overlooked is the importance of interoperability between not only the second-layer protocol and Bitcoin but the layer-2 protocols themselves. A second layer, where end-users can leverage several protocols together and move seamlessly between them, creates a healthier, more resilient financial system and an overall better user experience—both essential for mass adoption."—Chase Smith
Today we shift back to the current layer 2 protocols to take note of the tools and ideas 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:
A great way to support the show is to check out 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 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-------------------------
“The worthwhile problems are the ones you can really solve or help solve, the ones you can really contribute something to. No problem is too small or too trivial if we can really do something about it.” – Richard Feynman
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/messageThu, 24 Aug 2023 - 37min - 1058 - Read_758 - Scaling and Consensus Changes [James O'Beirne]
"When reading a draft of this post, my wife got kind of depressed right around here. Her macabre question, basically, is: “if everyone just winds up interacting with sidechains, and not Real Bitcoin, hasn’t the whole thing failed? At every point you’re dealing with some token that isn’t really bitcoin."
Continuing the thread of discussions in a series of articles on sidechains and trying to frame our thinking for a Bitcoin future where billions can take advantage of its sovereignty, inflation resistance, and security, we dive into James O'Beirne's follow up to Anthony town's article in read 757. If we are all stuck in sidechains and semi-custodial systems, then did we actually fix anything, or was the whole idea a failure from the start?
Check out the original article at : Thoughts on scaling and consensus changes (2023) - Protocol Design - Delving Bitcoin
If you missed the previous episode, it lays important context for today's read: Read 757
Don't forget to check out our amazing sponsors!
9% off the Coldcard with code BITCOINAUDIBLE,bitcoinaudible.com/coldcard Check out the KYC Free, simple, no management, Bitcoin merchant solution,Nodeless.io/guy 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-------------------------
"The chief evil is unlimited government…nobody is qualified to wield unlimited power.” — F.A. Hayek
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/messageMon, 21 Aug 2023 - 1h 13min
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