Read_679 – Green Eggs and Ham, Part 1 [Farrington & Larson]
“One counterargument might be that the de facto state capture of Ethereum in gradually becoming more and more OFAC compliant could, at the same time, be said to give it practical grounds to become more accepted as money via state enforcement, and more transparent than fiat currencies in traditional finance also. However, the cost is, once again, explicitly the loss of decentralization, so whatever kind of money it is, it is not decentralized and therefore cannot contribute to credibly decentralized finance.” – Allen Farrington, & Anders Larson
Today we dive into the first half of another amazing piece on understanding both the conceptual and technical limitations of decentralized finance, as well as trying to discern what the point of decentralized finance really is, and what it might look like when we see a sustainable & capital forming version of it come to be. Let’s dive in!
Check out the original with tons of footnotes and links for digging further and verifying the claims and data shared in the piece:
https://www.uncerto.com/green-eggs-and-ham
Boost Bitcoin Audible on Fountain to get the best Bitcoin podcast to the top of the leaderboards
Don’t forget to check out our amazing sponsors:
• Dive into the Bitcoin only wallet, the cypherpunk calculator, and a company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 10% off everything in the store until Christmas! (guyswann.com/coldcard)
• Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 5,000 FREE SATS at (guyswann.com/fold)
• The best place to onboard a true Bitcoiner – Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (swanbitcoin.com/guy)
—————————-
“money that is easy to produce is no money at all, and easy money does not make a society richer; on the contrary, it makes it poorer by placing all its hard‐earned wealth for sale in exchange for something easy to produce.”
― Saifedean Ammous
Learn more about your ad choices. Visit megaphone.fm/adchoices
—
Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message
Read_678 – Toward a Node World Order [Micheal Goldstein]
“A bitcoin full node is a certainty machine. When a user runs a full node, they are granted a level of certainty about a monetary network that no human had prior to bitcoin’s existence. Every other monetary technology is riddled with uncertainties. Bitcoin fixes this.” – Micheal Goldstein
Bitstein is back with another banger of a piece. Toward a Node World Order! Another from the Bitcoin Times publication with an absolute ton of other great writing and a full print magazine to check out. So many of their pieces are available in audio here on Bitcoin Audible if you haven’t heard them yet. @Bitstein brings us an argument of how Bitcoin reinforces human flourishing, undermines the ideology of the state, and reveals the truth of a world of individuals, obscured by the false abstractions of our institutions and ideology. And it does so, through the banishment of monetary uncertainty.
Check out this and tons of other work at The Bitcoin Times:
https://bitcointimes.com.au/toward-a-node-world-order/
Bitcoin is Digital Scarcity: https://open.spotify.com/episode/2jWaeOqWU8m9g5QovJqkEh?si=8b7f8d27fcd04034
Boost Bitcoin Audible on Fountain to get the best Bitcoin podcast to the top of the leaderboards
Don’t forget to check out our amazing sponsors:
• Dive into the Bitcoin only wallet, the cypherpunk calculator, and a company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 10% off everything in the store until Christmas! (guyswann.com/coldcard)
• Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 5,000 FREE SATS at (guyswann.com/fold)
• The best place to onboard a true Bitcoiner – Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (swanbitcoin.com/guy)
—————————-
“It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.” ― Henry Ford
Learn more about your ad choices. Visit megaphone.fm/adchoices
—
Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message
Chat_75 – Opting Out with Matt Hill
On the nature of sovereignty, the challenges of the world we live in, the fog of war that has descended upon our lives, and on the tools and systems we need (and are building) in order to ensure we will find ourselves in a future of sovereign individuals. Opting Out with Matt Hill is a conversation you don’t want to miss.
Follow Matt and check out the new hardware and OS advancements coming from Start9 at the links below:
https://twitter.com/_MattHill_
https://twitter.com/start9labs
Boost Bitcoin Audible on Fountain to get the best Bitcoin podcast to the top of the leaderboards
Dont forget to check out our amazing sponsors:
• Dive into the Bitcoin only wallet, the cypherpunk calculator, and a company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 10% off everything in the store until Christmas! (guyswann.com/coldcard)
• Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 5,000 FREE SATS at (guyswann.com/fold)
• The best place to onboard a true Bitcoiner – Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (swanbitcoin.com/guy)
—————————-
Learn more about your ad choices. Visit megaphone.fm/adchoices
—
Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message
Read_677 – Maturation of Lightning, Growing Up By Going Vertical [Roy Sheinfeld]
“As the Web became much more complex, we now engage with multiple companies for each of those functions. Including all the writing, editing, commenting, revising, and so on, even a simple post like this one will involve the services of a few ISPs, a few email providers, a few cloud storage platforms, a few cloud text editors, a few image repositories, and who knows how many background services.
And now it’s happening to Lightning. Like any social system, our network is constantly evolving, and it looks very different now compared to how it looked in the beginning. Activity related to Lightning is becoming more specialized, and that specialization is both a symptom of and catalyst for the growth of the network.” – Roy Sheinfeld
Lightning is maturing before our very eyes, and in the process the number and variety of services are exploding. With some major changes ahead and finally seeing the full potential to even change the client/server model on the internet itself, things will start moving very quickly. Bear markets are for building, and Lightning is where we should be focused. Don’t miss another great piece from Roy Sheinfeld at Breez.
Checkout the original plus tons of other great work from Roy and the Breez team below:
https://medium.com/breez-technology/the-maturation-of-lightning-growing-up-by-going-vertical-c5cffd0c98ea
For his previous work which I mentioned at the beginning of the show, you’ll find the audio here:
https://open.spotify.com/episode/2OaJX05QEUovP0R3IF5qQ2?si=27bf9217b7f649d7
Boost Bitcoin Audible on Fountain to get the best Bitcoin podcast to the top of the leaderboards
Dont forget to check out our amazing sponsors:
• Dive into the Bitcoin only wallet, the cypherpunk calculator, and a company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 5% off everything in the store! (guyswann.com/coldcard)
• Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 5,000 FREE SATS at (guyswann.com/fold)
• The best place to onboard a true Bitcoiner – Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (swanbitcoin.com/guy)
—————————-
“We are still in the first minutes, of the first day, of the internet revolution.”
– Scott Cook
Learn more about your ad choices. Visit megaphone.fm/adchoices
—
Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message
Read_676 – The State of Man – Proclaim Your Bitcoin, Part 2 [Simply Bitcoin]
“The primary work undertaken by thieves to maintain their systems of thievery is manipulation. Deceit and lies are the tools of the trade for the thief. And there is no grander system of theft than the debt based monetary system of the US dollar, enforced under deadly monopoly powers and perverse amounts of public manipulation.” – Simply Bitcoin
Part 1 = https://open.spotify.com/episode/1m87ZXaFbZ5nRf0kipix2t?si=420093ff62ad46e1
Listen to Part 1 of the “Proclaim Your Bitcoin” Series if you haven’t yet, and then dive into today’s read of Part 2, the Current State of Man to understand where we are today and what our potential paths into the future are. Both good, and bad.
Check out the original article and the many other works they publish on the Simply Bitcoin substack at the link below:
https://simplybitcoin.substack.com/p/proclaim-your-bitcoin-part-two?utm_source=profile&utm_medium=reader2
Boost Bitcoin Audible on Fountain to get the best Bitcoin podcast to the top of the leaderboards
Dont forget to check out our amazing sponsors:
• Dive into the Bitcoin only wallet, the cypherpunk calculator, and a company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 5% off everything in the store! (guyswann.com/coldcard)
• Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 5,000 FREE SATS at (guyswann.com/fold)
• The best place to onboard a true Bitcoiner – Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (swanbitcoin.com/guy)
—————————-
“War is Mass Murder, Conscription is Slavery, Taxation is Robbery.”
― Murray N. Rothbard
Learn more about your ad choices. Visit megaphone.fm/adchoices
—
Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message
Read_675 – Stop Drinking the Elite’s Kool-aid [Nayib Bukele]
“They used to own everything, and in a way they still do; the media, the banks, the NGOs, the international organizations, and almost all the governments and corporations in the world.
And with that, of course, they also own the armies, the loans, the money supply, the credit ratings, the narrative, the propaganda, the factories, the food supply; they control international trade and international law. But their most powerful weapon is the control of the “truth”.” – Nayib Bukele
Today we read and dive into a big picture of the perspective on El Salvador and their bitcoin “bet.” The mainstream media is in lockstep telling us that it is a disaster, that they are ready to default, and their bet has resulting in declining credit worthiness and loss of financial stability. But is this true? What is really happening, and why would the mainstream be so apt to make us think the end is near, if it wasn’t true? Don’t miss the cover story of the “Orange Pill Issue” of Bitcoin Magazine.
Link to the full article below where you can find a copy in Spanish as well:
https://bitcoinmagazine.com/print/stop-drinking-the-elites-kool-aid
Boost Bitcoin Audible on Fountain to get the best Bitcoin podcast to the top of the leaderboards
Dont forget to check out our amazing sponsors:
• The best place to onboard a true Bitcoiner – Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (swanbitcoin.com/guy)
• Dive into the Bitcoin only wallet, the cypherpunk calculator, and a company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 5% off everything in the store! (guyswann.com/coldcard)
• Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 5,000 FREE SATS at (guyswann.com/fold)
—————————-
“I know you’re taking it in the teeth out there, but the first guy through the wall, he always gets bloody. Always. This is a threat not just to the way they do business, but in their minds it’s threatening the game. But really what its threatening is their livelihoods, their jobs. It’s threatening the way that they do things. And every time that happens, whether it’s a government or a way of doing business or whatever it is… the people who are holding the reigns, have their hands on the switch… they go batshit crazy.” – Moneyball
Learn more about your ad choices. Visit megaphone.fm/adchoices
—
Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message
Read_674 – FTX & Alameda, Through the Looking Glass [NYDIG]
“I will start with the conclusion: my piece failed. Nothing has changed. DeFi-driven blowups have continued. Therefore, in the strongest possible terms, I repeat, with humility: do not invest in non-Bitcoin crypto. Do not invest in non-Bitcoin DeFi. This is why NYDIG is a bitcoin company. Always has been, always will be.” – Ross Stevens
Today we take a short dive down the FTX and Alameda rabbit hole with an article put out from NYDIG and Stone Ridge that prefaces the situation with a call to action for those in the space, and then is followed by a breakdown of the events and what we know so far from Greg Cipolaro. If you are wondering what has been going on in crypto, this is a good place to start.
Check out the mentioned article below written 6 months ago on the risks and potential failures of crypto and Defi with the incredible piece co-authored by Ross Stevens, Nic Carter, & Allen Farrington:
https://nydig.com/on-impossible-things-before-breakfast
Check out the original shareholder letter at the link below:
https://nydig.com/research/through-the-looking-glass-the-ftx-and-alameda-saga
Dont forget to check out our amazing sponsors:
• Dive into the Bitcoin only wallet, the cypherpunk calculator, and a company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 5% off everything in the store! (guyswann.com/coldcard)
• Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 5,000 FREE SATS at (guyswann.com/fold)
• The best place to onboard a true Bitcoiner – Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (swanbitcoin.com/guy)
—————————-
“It is always from a minority acting in ways different from what the majority would prescribe that the majority in the end learns to do better.” – F.A. Hayek
Learn more about your ad choices. Visit megaphone.fm/adchoices
—
Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message
Read_673 – Crypto is Peak Silicon Valley [Allen Farrington]
“My learned opinion is that although your average toxic Bitcoin maximalist might be able to sniff out this bullshit a mile away, Silicon Valley cannot, because Crypto is peak Silicon Valley, and Silicon Valley has sadly become peak fiat.” – Allen Farrington
We bring another great piece by Allen just after our last great piece from Allen, but this time diving into the FTX insanity and how to understand why this and the other recent disasters are obvious consequences of the fiat mentality pervasive in the crypto space. Crypto is Peak Silicon Valley…
Check out the original article and drop some applause on his medium page at the link below:
https://allenfarrington.medium.com/crypto-is-peak-silicon-valley-b599ac24ec95
• The best place to onboard a true Bitcoiner – Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (swanbitcoin.com/guy)
• Dive into the Bitcoin only wallet, the cypherpunk calculator, and a company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 5% off everything in the store! (guyswann.com/coldcard)
• Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 5,000 FREE SATS at (guyswann.com/fold)
—————————
“Humans are shit. This thing is addressing problems that don’t exist. It’s solutionism at its worst. We are dumbing down machines that are inherently superior.” – Gilfoyle, from Silicon Valley
Learn more about your ad choices. Visit megaphone.fm/adchoices
—
Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message
Read_672 – No, Let’s Not: Perpetrators of Pandemic Authoritarianism Cannot Be Forgiven [Allen Farrington]
“It must become embarrassing to admit one ever supported uninformed and nonconsensual participation in a medical experiment or mass house arrest and coerced isolation.” – Allen Farrington
Amnesty for the tyrants who pushed for the destructive policies and gross abuses of power we witnessed over the past few years, is acceptance that these abuses and lies will happen again. There will be no amnesty. Farrington explains why in no uncertain terms.
Check out the original article and the onslaught of links for sources and further reading on the topic at the link below:
https://merionwest.com/2022/11/07/no-lets-not-perpetrators-of-pandemic-authoritarianism-cannot-be-forgiven/
• Dive into the Bitcoin only wallet, the cypherpunk calculator, and a company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 5% off everything in the store! (guyswann.com/coldcard)
• Join us and the Swan Bitcoin team at the Pacific Bitcoin Conference in November! Get your tickets now, 20% off with code BITCOINAUDIBLE (https://www.pacificbitcoin.com/)
• The best place to onboard a true Bitcoiner – Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (swanbitcoin.com/guy)
• Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 5,000 FREE SATS at (guyswann.com/fold)
—————————
“Liberty only has meaning if we still believe in it when something terrible happens.” – Ron Paul
Learn more about your ad choices. Visit megaphone.fm/adchoices
—
Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message
Chat_74 – Synonymous with Sovereignty, with John Carvalho
Today we bring John Carvalho back on to talk about Bitkit and the release of Synonym’s first major product in the BitKit wallet and Slashtags. Re-Decentralizing the internet with serverless identities, default encryption, and where your Bitcoin seed is the key to your online kingdom. The first lego blocks of a potentially massive ecosystem. Download the Bitkit wallet in beta to check out slashtags & their intuitive wallet experience, as well as the other links below to explore more of what is possible in a P2P future that could alter our relationship with the networks that connect us.
Add me on BitKit!
slash:qhagr5jxmir5szaosn4i1wthfs7opbie777rps6e71x84trneogo
Check out the links mentioned in the episode of all the tools that are building the foundation of this new ecosystem:
https://slashtags.to/
https://synonym.to/
https://bitkit.to/
https://keet.io/
Check out our amazing sponsors and the products that Guy uses most in the space:
• Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 5,000 FREE SATS at (guyswann.com/fold)
• Dive into the Bitcoin only wallet, the cypherpunk calculator, and a company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 5% off everything in the store! (guyswann.com/coldcard)
• Join us and the Swan Bitcoin team at the Pacific Bitcoin Conference in November! Get your tickets now, 20% off with code BITCOINAUDIBLE (https://www.pacificbitcoin.com/)
• The best place to onboard a true Bitcoiner – Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (swanbitcoin.com/guy)
———————–
“Nothing in this world can take the place of persistence. Talent will not; nothing is more common than unsuccessful men with talent. Genius will not; unrewarded genius is almost a proverb. Education will not; the world is full of educated derelicts. Persistence and determination alone are omnipotent. The slogan Press On! has solved and always will solve the problems of the human race.” – Calvin Coolidge
Learn more about your ad choices. Visit megaphone.fm/adchoices
—
Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message
Read_671 – Greenpeace Attacks Only Galvanize Bitcoiners [Daniel Batten]
“They will come to understand that Bitcoin is hope for non-violent revolutionaries in the environmental movement who seek to end the petrodollar, usher in a world that is not based on the excessive consumption that inflationary (fiat) currencies incentivize, stabilize the intermittency of renewable energy, find a home for new solar and wind on the grid and mitigate methane that would otherwise have become atmosphere-borne and contributed to climate change.” – Daniel Batten
Today we dive into a piece by Daniel Batten showing the power and momentum of the grassroots Bitcoin movement and how it is galvanizing a defense against the ESG misinformation being spread by scammers and political profiteers. Greenpeace decided they were going to “change the code,” but it hasn’t worked out so well. Daniel breaks down why. Don’t miss this fun article at Bitcoin Magazine.
Check out the original article plus tons of other great news and articles at Bitcoin Magazine:
https://bitcoinmagazine.com/culture/greenpeace-environment-attacks-help-bitcoin
You can find the book mentioned in the commentary as well as a link to Nic Carter’s Annotated WH Report below:
https://www.amazon.com/s?k=unsettled+steven+koonin&crid=2GCXRQ3ZYCIHQ&sprefix=unsettled%2Caps%2C102
https://niccarter.info/wp-content/uploads/09-2022-Crypto-Assets-and-Climate-Report_nc_annotated_091522.pdf
Check out our amazing sponsors and the products that Guy uses most in the space:
• Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 5,000 FREE SATS at (guyswann.com/fold)
• Dive into the Bitcoin only wallet, the cypherpunk calculator, and a company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 5% off everything in the store! (guyswann.com/coldcard)
• Join us and the Swan Bitcoin team at the Pacific Bitcoin Conference in November! Get your tickets now, 20% off with code BITCOINAUDIBLE (https://www.pacificbitcoin.com/)
• The best place to onboard a true Bitcoiner – Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (swanbitcoin.com/guy)
———————–
“It is no coincidence that the century of total war coincided with the century of central banking.”
― Ron Paul
Learn more about your ad choices. Visit megaphone.fm/adchoices
—
Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message
Read_670 – Capital Misallocation, Bitcoin Fixes this – Part 2 [Steven Lubka]
“The creation of new money by insiders debases the savings ability of the existing money. It is critically important for money to maintain value, as it reflects work which was performed but not redeemed for goods and services. Is the value of your forty hour work week last month suddenly not worth as much because some feckless bureaucrat decided to fire up the money printer? Not in a system that has any integrity. It is important for work to be redeemable at the value that was assigned to it when it was performed.” – Steven Lubka
Concluding today the second half of the amazing “Capital Misallocation: Bitcoin Fixes This” by Steven Lubka from Swan Bitcoin. If you want to understand the role of money and how it enables the economic machine to produce spontaneous order, then you don’t want to miss this read & Guy’s Take…
Mentioned in the commentary, a phenomenal read for understanding the infinite complexity of the market is “I, Pencil” by Leonard Reed: https://open.spotify.com/episode/3nXKaUt2UvTYqCQHnTBFDy?si=63fb390e40fe420e
Check out the original at the link below, as well as the last piece Steven wrote we covered on this show:
https://www.swanbitcoin.com/capital-misallocation-bitcoin-fixes-this/
Read_643 – Bitcoin & The True Meaning of Inflation: https://open.spotify.com/episode/2JKjejgGp66xtEPqsGPzW4?si=KFVs1SJrQUiHE2BO7-lsUg
Check out our amazing sponsors and the products that Guy uses most in the space:
• Dive into the Bitcoin only wallet, the cypherpunk calculator, and a company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 5% off everything in the store! (guyswann.com/coldcard)
• Join us and the Swan Bitcoin team at the Pacific Bitcoin Conference in November! Get your tickets now, 20% off with code BITCOINAUDIBLE (https://www.pacificbitcoin.com/)
• The best place to onboard a true Bitcoiner – Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (swanbitcoin.com/guy)
• Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 5,000 FREE SATS at (guyswann.com/fold)
———————–
“The case for individual freedom rests largely upon the recognition of the inevitable and universal ignorance of all of us concerning a great many of the factors on which the achievements of our ends and welfare depend.” – F.A. Hayek
Learn more about your ad choices. Visit megaphone.fm/adchoices
—
Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message
