Read_692 – A Quick & Dirty Explanation [DerGigi]
“Bitcoin is paradoxical. It is simple yet complicated, ever-changing yet unchangeable. A novel machine without any novel parts; a technological innovation that isn’t really about technology. You can’t touch it, yet it is hard money. You can’t see it, yet it will show you a vision of the future. You can’t possess it, yet thousands of people seem to be possessed by it.” – Dergigi
In the spirit of getting back to some of the basics, I want to open up a series of hitting basic concepts around bitcoin and how to use and interact with its network and many moving pieces with the opening chapter of Dergigi’s forthcoming book, 21 Ways. Chapter Zero: A Quick and Dirty Explanation…
Link tot he read plus Gigi’s other phenomenal work:
https://21-ways.com/ch0-03-quick-and-dirty/
Don’t forget to check out our amazing sponsors:
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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. (https://swanbitcoin.com/guy)
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“Study hard what interests you the most in the most undisciplined, irreverent and original manner possible.” – Richard Feynman
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Read_691 – A Native Protocol for Social Media [Jack Dorsey]
The problem today is that we have companies who own both the protocol and discovery of content. Which ultimately puts one person in charge of what’s available and seen, or not. This is by definition a single point of failure, no matter how great the person, and over time will fracture the public conversation, and may lead to more control by governments and corporations around the world.” – Jack Dorsey
Jack Dorsey makes the case for a native social media protocol in this short, but important piece reflecting on the failures of Twitter, and the potential hope for fixing its problems indefinitely into the future. One of the most important issues today, sparking a long Guy’s Take in this episode on what I think lies ahead of us, and what I hope I can contribute to the cause in this coming year. This is something that we can’t sit on and wait to solve, let’s do it now.
If you want to get in touch with me about possible development or work related to these projects OR you are interested in helping to devote resources to this cause as well. Feel free to contact me and maybe we can make something happen. DM on Twitter @TheGuySwann or contact me at the bottom of the page at bitcoinaudible.com
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 is more important that innocence be protected than it is that guilt be punished, for guilt and crimes are so frequent in this world that they cannot all be punished. But if innocence itself is brought to the bar and condemned, perhaps to die, then the citizen will say, “whether I do good or whether I do evil is immaterial, for innocence itself is no protection,” and if such an idea as that were to take hold in the mind of the citizen that would be the end of security whatsoever.”
– John Adams
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Read_Reboot – The Use of Knowledge in Society [F.A. Hayek]
Bringing back one of my favorites today that I mention often but we haven’t covered in a very long time. This is an essential piece diving into the complexities and profound depth in the market establishment of a price. And why the very notion of the price being “wrong” or fixing it, is self-evidently impossible, as the only information we have to make a comparison, is given to us by emerging prices in the market. Hayek takes us on a journey in this incredible piece that is not to be skipped.
The original article can be found at FEE along with so much other amazing economic education:
https://fee.org/articles/the-use-of-knowledge-in-society/
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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Guy’s Take_062 – Dear Peter Zeihan…
How much economic ignorance can you fit into 1 minute and 54 seconds? Well apparently its quite a lot. Peter Zeihan confidently embarrassed himself on Joe Rogan’s podcast recently by going on a short rip regarding Bitcoin’s negative value and how a reliable, fixed money causes economic disaster but the inflated, debt drowned political currency is more valuable. And how counterfeiters have rightfully earned the wealth they steal, but savers gaining some purchasing power as the economy grows is “unviable.”
We dive into a short clip of Peter Zeihan and take it apart, piece by ignorant piece, in today’s Guy’s Take episode. Strap in.
Here are the links to so many other reads for diving further into these economic ideas if you want a deeper understanding. All highly recommended:
No Bitcoin Has No Intrinsic Value, and that’s great!: https://open.spotify.com/episode/0EyuzhpYZRR5TimBl28Ngw?si=f5223cb0872545f9
Another Way to Think About Bitcoin’s Value: https://open.spotify.com/episode/5d8O5XztARIi0eI7lYMmSN?si=8c89c2cf2c4a4f0a
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World Hyperinflations: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2130109
When Money Dies: https://www.amazon.com/When-Money-Dies-Adam-Fergusson-audiobook/dp/B004FU1028
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Trusted third Parties are Security Holes: https://open.spotify.com/episode/21iWPjbJrRfZb3sBUb6zkD?si=c5946f4f85984745
The Dawn of Trustworthy Computing: https://open.spotify.com/episode/4AkUNUNGFeCibaPyQWtHSY?si=c351d269b0ee4cf6
The Whitepaper: https://open.spotify.com/episode/1mxIgLMRVzsuYj964ZiLa9?si=3e386d6c5ae14864
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The Use of Knowledge in Society: https://open.spotify.com/episode/6itH5T3tXPlLfJil5jcuU4?si=82d1e0deb1da4725
The Yield From Money Held, Reconsidered: https://open.spotify.com/episode/67dqOHWLX9NRmAs4S0G9XQ?si=9f8fa16e335e4dc6
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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“The root problem with conventional currency is all the trust that’s required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust.” – Satoshi Nakamoto
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Read_690 – Bitcoin is Not a Hedge [Parker Lewis]
“Bitcoin is not a hedge against inflation; it is the permanent solution to inflation, and those are two very different things.” – Parker Lewis
Parker Lewis is back in action with the 18th installment of the Gradually, Then Suddenly series on its way to becoming a phenomenal book. Check out the many other articles in this series at the link below, but you don’t want to miss this one. Bitcoin isn’t a hedge against inflation, its the solution to it.
Find the article and Parker’s other works, plus subscribe for the many more to come at the link below:
https://bitcoiner.ghost.io/bitcoin-is-not-a-hedge/
For the entire series in audio, search “Gradually, Then Suddenly” just down the page in the Bitcoin Audible at the link below:
BitcoinAudible.com
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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“Inflation is probably the most important single factor in that vicious circle wherein one kind of government action makes more and more government control necessary. For this reason all those who wish to stop the drift toward increasing government control should concentrate their effort on monetary policy.” – F.A. Hayek
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Read_689 – The Rediscovery of Money [dergigi]
“If your money requires permission to be spent, it is not your money. If your money has counterparty risk, it is not money—but credit. If your money steals from you, it is not your money—but a control and financing mechanism of your government. If your money requires identity, it is not money but a social credit score system.” – Dergigi
Today we dive into a short but excellent piece by Gigi in his new collection of recent articles and works around his new book, 21 Ways. Don’t miss the original 21 Lessons that you can find on Audible, and on gigi’s website. And the tons of further rabbit hole journey available in the links throughout this article found at the link below:
https://dergigi.com/2022/12/02/bitcoin-is-the-rediscovery-of-money/
Other episodes referenced in today’s show that are definite listens if you haven’t heard them yet, and also important listens if you haven’t heard them recently:
Guy’s Take #60 – Digital Money: https://fountain.fm/episode/10745176396
Read_660 – Bitcoin is Digital Scarcity: https://fountain.fm/episode/10581911734
Read_634 – The Words we Use in Bitcoin: https://fountain.fm/episode/8877233760
Read_537 – Bitcoin is An Idea: https://fountain.fm/episode/2863665913
Read_122 – “The Yield From Money Held” Reconsidered: https://fountain.fm/episode/298987009
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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“The basic causes of change are precisely those that are not subject to conscious control.”
― James Dale Davidson, The Sovereign Individual
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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
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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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
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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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
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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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)
————————————–
“A government big enough to give you everything you want, is strong enough to take everything you have”
― Thomas Jefferson
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