Read_688 – The Chaffening [Aristophanes]
“So they fire out digital chaff frantically in every direction, they play whack-a-mole with high-engagement nodes that are or could be threats. The enemy is now reactively defending themselves, not proactively steering the course. This is the Titanic and we are the iceberg.” – Aristophanes
We start the year off with a very interesting piece about the state of the ideological world and how the speed and connectivity of our ideas and information has massively changed the world already and fundamentally shaken the legitimacy of established authorities. What does this look like and what will come of it. Let’s explore in today’s episode.
Check out the original article and an ocean of amazing and informative works at Bitcoin Magazine through the link below:
https://bitcoinmagazine.com/print/the-chaffening
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Have no respect whatsoever for authority; forget who said it and instead look what he starts with, where he ends up, and ask yourself, “Is it reasonable?” – Richard P. Feynman
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Green Eggs and Ham – Decentralized Finance, the Good, the Bad, & the Ugly
“This is the root of our cultural concern for crypto DeFi. The cultural, and arguably even structural, commitment to financialization is extremely difficult to reconcile with this core purpose of securities. In a sense, none of this is surprising given the foundations of crypto DeFi. If you jump straight to “decentralized securities” without first nailing down decentralized money and peer-to-peer technology, the urge to financialize is obvious, because what other value or utility can you even attempt to provide?” – Allen & Anders
Check out the full write up with numerous links and references for digging deeper into the ideas discussed:
https://www.uncerto.com/green-eggs-and-ham
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Structural Adjustment: How the IMF and World Bank Repress Poor Countries [Alex Gladstein]
This is the full, unabridged reading of Alex Gladstein’s work, “STRUCTURAL ADJUSTMENT: HOW THE IMF AND WORLD BANK REPRESS POOR COUNTRIES AND FUNNEL THEIR RESOURCES TO RICH ONES” published with Bitcoin Magazine.
Link to the original read for the plethora of links and references to dig further into this incredible story.
https://bitcoinmagazine.com/culture/imf-world-bank-repress-poor-countries
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Read_687 – How the IMF and World Bank Repress Poor Countries, Part 5 [Alex Gladstein]
“Research from Mexico — a typical country in terms of consistent involvement historically from the Bank and Fund — shows that for every 2% decrease in GDP, the mortality rate increased by 1%.
Now consider that as a result of structural adjustment, the GDP of dozens of countries in the Third World between the 1960s and 1990s suffered double-digit contractions. Despite massive population growth, many of these economies stagnated or shrank over 15-25 year periods. Meaning: the Bank and the Fund’s policies likely killed tens of millions of people.” – Alex Gladstein
Today we finally complete Gladstein’s amazing piece on the parasitic system being perpetrated and expanded by the IMF and World Bank, and touching on the faint hope that its days may finally be numbered.
We are jumping right into the middle of it, so don’t forget to listen to Part 1, 2, & 3 if you haven’t yet, otherwise this will be confusing, lol:
Part 1: https://fountain.fm/episode/11987932208
Part 2: https://fountain.fm/episode/12038350484
Part 3: https://fountain.fm/episode/12147135095
Part 4: https://fountain.fm/episode/12318519841
To explore the ColdCard hardware wallet and the many amazing additional features and uses it has I highly recommend BTCsessions youtube channel here:
Mentioned in the show for further exploring how our monetary practices strip the US of its manufacturing & productive base, here is Farrington’s “Capital Strip Mine”:
https://fountain.fm/episode/1798299217
Don’t forget to check out our amazing sponsors:
• Dive into the Bitcoin only wallet, the cypherpunk calculator, and a company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 10% off everything in the store until Christmas! (https://guyswann.com/coldcard)
• Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 5,000 FREE SATS at (https://guyswann.com/fold)
• The best place to onboard a true Bitcoiner – Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (https://swanbitcoin.com/guy)
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“There can be no truly moral choice unless that choice is made in freedom.” – Murray Rothbard
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Read_686 – How the IMF and World Bank Repress Poor Countries, Part 4 [Alex Gladstein]
“The “generosity” of the West enabled unaccountable leaders to plunge their nations into debt deeper than ever before. The system was, as Payer writes in “Lent And Lost,” a straightforward Ponzi scheme: the new loans went straight to paying for the old loans. The system needed to grow to avoid collapse.” – Alex Gladstein
WERE BACK! We’ve got a bit of a lengthy introduction today while I mostly apologize and ramble about why I missed more than a weeks worth of episodes, but we are getting back into it with a huge backlog of amazing reads I have been eager to dive into over the holidays! To start us off we are going to conclude the incredible novel, I mean article, by Alex Gladstein on the IMF and World Bank’s exploitation of the third world.
We are jumping right into the middle of it, so don’t forget to listen to Part 1, 2, & 3 if you haven’t yet, otherwise this will be confusing, lol:
Part 1: https://fountain.fm/episode/11987932208
Part 2: https://fountain.fm/episode/12038350484
Part 3: https://fountain.fm/episode/12147135095
To explore the ColdCard hardware wallet and the many amazing additional features and uses it has I highly recommend BTCsessions youtube channel here:
Mentioned in the show for further exploring how our monetary practices strip the US of its manufacturing & productive base, here is Farrington’s “Capital Strip Mine”:
https://fountain.fm/episode/1798299217
Don’t forget to check out our amazing sponsors:
• Dive into the Bitcoin only wallet, the cypherpunk calculator, and a company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 10% off everything in the store until Christmas! (https://guyswann.com/coldcard)
• Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 5,000 FREE SATS at (https://guyswann.com/fold)
• The best place to onboard a true Bitcoiner – Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (https://swanbitcoin.com/guy)
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“I, However place economy among the first and most important of virtues, and public debt as the greatest of the dangers to be feared.” – Thomas Jefferson
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Read_685 – How the IMF and World Bank Repress Poor Countries, Part 3 [Alex Gladstein]
“Far from playing the role of good samaritan, the Fund does not even follow the timeless human tradition, established more than 4,000 years ago by Hammurabi in ancient Babylon, of forgiving interest after natural disasters. In 1985, a devastating earthquake hit Mexico City, killing more than 5,000 people and causing $5 billion of damage. Fund staff — who claim to be saviors, helping to end poverty and save countries in crisis — arrived a few days later, demanding to be repaid.” – Alex Gladstein
If you aren’t pissed off yet with Parts 1 & 2, this section is surely to push you over the edge. Spoiler alert, the IMF and World Bank are massive rackets that are purposefully destroying the productive independence and food security of poor nations to essentially enslave them in an obscure way, like any coward, through debt and monetary control, rather than openly through political domination. Listen to Part 3 to find out how.
We are jumping right into the middle of it, so don’t forget to listen to Part 1 and 2 if you haven’t yet, otherwise this will be confusing, lol:
Part 1: https://fountain.fm/episode/11987932208
Part 2: https://fountain.fm/episode/12038350484
Mentioned in the show for further exploring how our monetary practices strip the US of its manufacturing & productive base, here is Farrington’s “Capital Strip Mine”:
https://fountain.fm/episode/1798299217
Don’t forget to check out our amazing sponsors:
• Dive into the Bitcoin only wallet, the cypherpunk calculator, and a company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 10% off everything in the store until Christmas! (https://guyswann.com/coldcard)
• Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 5,000 FREE SATS at (https://guyswann.com/fold)
• The best place to onboard a true Bitcoiner – Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (https://swanbitcoin.com/guy)
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“A government big enough to give you everything you want, is strong enough to take everything you have”
― Thomas Jefferson
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Read_684 – How the IMF and World Bank Repress Poor Countries, Part 2 [Alex Gladstein]
“To give an example of what this might look like in a given year, in 2012 developing countries received $1.3 trillion, including all income, aid and investment. But that same year, more than $3.3 trillion flowed out. In other words, according to anthropologist Jason Hickel, “developing countries sent $2 trillion more to the rest of the world than they received.”
When all the flows were added up from 1960 to 2017, a grim truth emerged: $62 trillion was drained out of the developing world” – Alex Gladstein
Today we continue through Gladstein’s incredible exploration of the monetary damage and systems of monetary colonialism established through the parasitic practices of the IMF and World Bank. I promise its worse than you think it is, and at the end of this episode we will only be about halfway through it. Hold onto your butts, this gets crazy.
Listen to Part 1 if you haven’t yet, as we are jumping right into the middle of this read in today’s show. Also I edited and fixed the missing Guy’s Take from yesterday’s show, so if you haven’t, it might be a good addition to go back and revisit:
https://fountain.fm/episode/11987932208
Mentioned in the show for further exploring how our monetary practices strip the US of its manufacturing & productive base, here is Farrington’s “Capital Strip Mine”:
https://fountain.fm/episode/1798299217
Don’t forget to check out our amazing sponsors:
• Dive into the Bitcoin only wallet, the cypherpunk calculator, and a company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 10% off everything in the store until Christmas! (https://guyswann.com/coldcard)
• Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 5,000 FREE SATS at (https://guyswann.com/fold)
• The best place to onboard a true Bitcoiner – Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (https://swanbitcoin.com/guy)
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“It’s easier to fool people than to convince them that they have been fooled.”
― Mark Twain
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Read_683 – How the IMF and World Bank Repress Poor Countries, Part 1 [Alex Gladstein]
“A 2014 analysis showed that the IMF had attached, on average, 20 conditions to each loan it gave out in the previous two years, a historic increase. Countries like Jamaica, Greece and Cyprus have borrowed in recent years with an average of 35 conditions each. It is worth noting that Bank and Fund conditions have never included protections on free speech or human rights, or restrictions on military spending or police violence.” – Alex Gladstein
Today we dive into the first part of another incredible exploration of the corruption and monetary manipulation engaged in by the IMF and World Bank, how they strip poor nations of their resources, and paint themselves altruistic for doing so. This is an in depth and incredible work that you will not want to miss.
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Don’t forget to check out our amazing sponsors:
• Dive into the Bitcoin only wallet, the cypherpunk calculator, and a company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 10% off everything in the store until Christmas! (https://guyswann.com/coldcard)
• Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 5,000 FREE SATS at (https://guyswann.com/fold)
• The best place to onboard a true Bitcoiner – Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (https://swanbitcoin.com/guy)
————————————–
“It is easy to be conspicuously ‘compassionate’ if others are being forced to pay the cost.”
– Murray Rothbard
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Guy’s Take #61 – Blockchains, A Square Peg for Round Holes
There are about a million claims out there as to what blockchains are going to fix, and how NFTs are going to be used to unlock your house, and how DAOs will be used to enforce and decide laws, but what truth is there to this really? And more importantly, does a blockchain really solve these problems? What are the inherent trust issues, and where are the vulnerabilities? Today we dive into this concept and cover many of the most touted “use cases” for blockchain and talk about what could be needed to solve them, and whether blockchain is just a square peg for a round hole.
Mentioned in the episode are two highly recommended reads for further digging and to understand more precisely some of the ideas behind Guy’s Take in today’s show:
Green Eggs and Ham:
Part 1 – https://open.spotify.com/episode/2Zf1kcS8lnrgiaMBKcs2BQ?si=ed8dd3bf43dd499b
Part 2 – https://open.spotify.com/episode/72tyuRteYqjFJFukixhZU1?si=499235400b854bc9
Bitcoin is the Great Definancialization:
https://open.spotify.com/episode/30ZOqjCG1XL5ySSeEg1lBz?si=a03ba06d8d854fd6
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• Dive into the Bitcoin only wallet, the cypherpunk calculator, and a company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 10% off everything in the store until Christmas! (guyswann.com/coldcard)
• Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 5,000 FREE SATS at (guyswann.com/fold)
• The best place to onboard a true Bitcoiner – Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (swanbitcoin.com/guy)
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Read_682 – Data Shows That Lightning Solves Scaling [Kozlovski]
“A data-driven exploration proving that Lightning scales bitcoin payments beyond Visa and that second-layer innovation is the way.” – Stanislov Kozlovski
Check out the original article at:
https://bitcoinmagazine.com/technical/lighting-network-makes-bitcoin-scalable
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• Dive into the Bitcoin only wallet, the cypherpunk calculator, and a company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 10% off everything in the store until Christmas! (guyswann.com/coldcard)
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• The best place to onboard a true Bitcoiner – Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (swanbitcoin.com/guy)
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“We are screwing up in our design of internet protocols by violating the principle of layering. Specifically we are trying to use TCP to do two things: serve as a host level end to end protocol, and to serve as an internet packaging and routing protocol. These two things should be provided in a layered and modular way. I suggest that a new distinct internetwork protocol is needed, and that TCP be used strictly as a host level end to end protocol.”
– Jon Postel, IEN 2, 1977
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Read_681 – The Twitter Files – Part 1 [Matt Taibbi]
“They just freelanced it,” is how one former employee characterized the decision. “Hacking was the excuse, but within a few hours, pretty much everyone realized that wasn’t going to hold. But no one had the guts to reverse it.” – Matt Taibbi
Didn’t have time to read that whole thread on the censorship of Twitter and the obvious politicization of all of our social networks and big tech platforms? Well I’m happy to dive it. We read Part 1 of The Twitter Files today with a bit of a heated Guy’s Take on why all this is happening, and the systemic, rather than the shallow causes of this increasingly dangerous problem.
Check out the thread below:
https://threadreaderapp.com/thread/1598822959866683394.html
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Don’t forget to check out our amazing sponsors:
• Dive into the Bitcoin only wallet, the cypherpunk calculator, and a company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 10% off everything in the store until Christmas! (guyswann.com/coldcard)
• Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 5,000 FREE SATS at (guyswann.com/fold)
• The best place to onboard a true Bitcoiner – Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (swanbitcoin.com/guy)
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“It says here in this history book that; luckily, the good guys have won every single time. What are the odds?”
– Norm Macdonald
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Read_680 – Green Eggs and Ham, Part 2 [Farrington & Big Al]
“We believe the core of the cultural fissure between crypto and bitcoin comes down to financialization. While the ethos of bitcoin is to definancialize, the ethos of crypto is to financialize. We repeat our characterization of this tendency from above: DeFi engages in arbitrary and automatable combinations of seigniorage, securitization, rehypothecation, and leverage. It is the purest form of financialization ever conceived: the financialization of … nothing at all.” – Allen Farrington, & Anders Larson
Part 2 of the epic piece from Big Al and Allen Farrington on the conceptual, technical, and cultural failures of DeFi, and why it is, in fact, neither “decentralized,” nor “finance.” Another incredible piece for making some sense out of the insanity of crypto, especially in the wake of the FTX fraud.
If you haven’t yet listened to Part 1, do so before digging into the second half or you may be a little lost… but hey that’s just me. You do you:
https://open.spotify.com/episode/2Zf1kcS8lnrgiaMBKcs2BQ?si=d769841b092d4331
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Don’t forget to check out our amazing sponsors:
• Dive into the Bitcoin only wallet, the cypherpunk calculator, and a company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 10% off everything in the store until Christmas! (guyswann.com/coldcard)
• Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 5,000 FREE SATS at (guyswann.com/fold)
• The best place to onboard a true Bitcoiner – Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (swanbitcoin.com/guy)
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