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/message
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 the Pear Community (Link: https://pears.com/contact/)
Host Links
Guy on Nostr (Link: https://tinyurl.com/yc376bff)
Guy on X (Link: https://twitter.com/theguyswann)
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/message
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/message
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/message
Ai Chat_015 – Integration, Not Agents with Luke from ParsePrompt
We are diving into a discussion today with the creator of ParsePrompt on a perspective of where Ai can be leveraged for the highest multiplier. How to use Ai to make one form of content valuable over multiple mediums in an automated an repeatable fashion. As well as exploring the nuance of the open source alternatives, getting an LLM to speak with your data, and where hype has us chasing a foolish idea and missing what’s right in front of us. Don’t miss an awesome chat with Luke.
References from the show
Parseprompt.ai (Link: http://tinyurl.com/pehf75ps)
Postgres & pgvector (Link: http://tinyurl.com/3t8pejzk)
Host Links
Guy on Nostr (Link: http://tinyurl.com/2xc96ney)
Guy on X (Link: https://twitter.com/theguyswann)
Guy on Instagram (Link: https://www.instagram.com/theguyswann)
Guy on TikTok (Link: https://www.tiktok.com/@theguyswann)
Guy on YouTube (Link: https://www.youtube.com/@theguyswann)
Bitcoin Audible on X (Link: https://twitter.com/BitcoinAudible)
The Guy Swann Network Broadcast Room on Keet (Link: https://tinyurl.com/3na6v839)
Check out our awesome sponsors!
Fold: The best way to buy, use, and earn #Bitcoin on everything you do! Sats back on your debit card, gift cards, auto-buys, round-ups, you name it. Fold is the true bitcoiner’s banking. Get 20K sats for FREE using referral code bitcoinaudible.com/fold
Ready for best-in-class self custody?
Get the Jade here and use discount code ‘GUY’ to get 10% off (Link: bitcoinaudible.com/jade)
Trying to BUY BITCOIN?
River, secure, trusted, bitcoin only, lightning enabled, simple. (Link: https://bitcoinaudible.com/river)
Bitcoin Games!
Get 10% off the best Bitcoin board game in the world, HODLUP! Or any of the other great games from the Free Market Kids! Use code GUY10 at checkout for 10% off your cart! (Link: https://www.freemarketkids.com/collections/games-1)
Bitcoin Custodial Multisig
Want to get into Bitcoin but not ready for self custody? Use custodial multisig for the best way to distribute trust across multiple institutions and even jurisdictions! Check out OnRamp. (Link: BitcoinAudible.com/onramp)
Education & HomeSchooling
Get the lesson in real economics that you never got in school, and teach your kids the truth, not the statist insanity that is Keynesianism. Liberty Classroom is the invaluable resource you are looking for! (Link: BitcoinAudible.com/Liberty)
Read_798 – Quantum Computing’s Reality Check
The main promise of quantum computing is the ability to solve problems far faster than classical computers, but exactly how much faster varies. There are two applications where quantum algorithms appear to provide an exponential speed up, says Troyer. One is factoring large numbers, which could make it possible to break the public key encryption the internet is built on. The other is simulating quantum systems, which could have applications in chemistry and materials science.”
~ Edd Gent
Is Bitcoin destined to fall when quantum computers make their debut? Is the encryption that underpins the entire design of the system at risk this year? This decade? This century? What is the real story behind quantum computing and is there anything we can know from looking at the industry today and where it has, or has not succeeded, in living up to its many promises? Find out in today’s episode.
Check out the original article at Quantum Computing’s Hard, Cold Reality Check Hype is everywhere, skeptics say, and practical applications are still far away. (Link: http://tinyurl.com/4xsrz2y3)
References made in the show
The Debt Doesn’t Matter (Link: http://tinyurl.com/mr2msz9a)
#014 A Million New Devs with Hope TS (Link: http://tinyurl.com/tztpez55)
Guest Links
Edd Gent on X (Link: https://twitter.com/EddytheGent)
Host Links
Guy on Nostr (Link: https://tinyurl.com/yc376bff)
Guy on X (Link: https://twitter.com/theguyswann)
Bitcoin Audible on X (Link: https://twitter.com/BitcoinAudible)
Check out our awesome sponsors!
Get 9% off the COLDCARD with code BITCOINAUDIBLE (Link: bitcoinaudible.com/coldcard)
Swan: The best way to buy, learn, and earn #Bitcoin (Link: https://swanbitcoin.com)
There is only one kind of shock worse than the totally unexpected: the expected for which one has refused to prepare.”
~ Mary Renault
—
Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message
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/message
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/message
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/message
Ai Chat_014 – A Million New Devs with Hope TS
“I think AI can make a lot of things better, and if you put them together, if you are aware of the resources at your disposal, I think the average person can do more than the wealthiest person 200 years ago could have done”
~ HopeTS
What if YOU could build the app you needed to solve your own problem? Ai has unleashed this ability to millions who have the knowledge necessary to tap into it, if only they understood how powerful this tool is. Building an app, specific to your exact needs to simplify or drastically shorten your tasks, may be far simpler than you imagine. If you want to find out how, listen to this episode and follow for our new series, Building with Ai.
Don’t forget to follow and support hope for helping with this awesome series and sharing the many projects he is putting together!
HopeTS | Using code and compassion to empower the people | Patreon (Link: http://patreon.com/hopets)
Host Links
Guy on Nostr (Link: http://tinyurl.com/2xc96ney)
Guy on X (Link: https://twitter.com/theguyswann)
Guy on Instagram (Link: https://www.instagram.com/theguyswann)
Guy on TikTok (Link: https://www.tiktok.com/@theguyswann)
Guy on YouTube (Link: https://www.youtube.com/@theguyswann)
Bitcoin Audible on X (Link: https://twitter.com/BitcoinAudible)
The Guy Swann Network Broadcast Room on Keet (Link: https://tinyurl.com/3na6v839)
Check out our awesome sponsors!
Fold: The best way to buy, use, and earn #Bitcoin on everything you do! Sats back on your debit card, gift cards, auto-buys, round-ups, you name it. Fold is the true bitcoiner’s banking. Get 20K sats for FREE using referral code bitcoinaudible.com/fold
Ready for best-in-class self custody?
Get the Jade here and use discount code ‘GUY’ to get 10% off (Link: bitcoinaudible.com/jade)
Trying to BUY BITCOIN?
River, secure, trusted, bitcoin only, lightning enabled, simple. (Link: https://bitcoinaudible.com/river)
Bitcoin Games!
Get 10% off the best Bitcoin board game in the world, HODLUP! Or any of the other great games from the Free Market Kids! Use code GUY10 at checkout for 10% off your cart! (Link: https://www.freemarketkids.com/collections/games-1)
Bitcoin Custodial Multisig
Want to get into Bitcoin but not ready for self custody? Use custodial multisig for the best way to distribute trust across multiple institutions and even jurisdictions! Check out OnRamp. (Link: BitcoinAudible.com/onramp)
Education & HomeSchooling
Get the lesson in real economics that you never got in school, and teach your kids the truth, not the statist insanity that is Keynesianism. Liberty Classroom is the invaluable resource you are looking for! (Link: BitcoinAudible.com/Liberty)
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/message
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/message
