Read_615 – The State vs Bitcoin [Steve Barbour]
“As with freedom and oppression, Bitcoin and State money may exist in a perpetual tug of war between ideals. Where State money relies on compulsory participation, Bitcoin offers completely voluntary entry and exit and thus represents the antithesis of State money. In this essay I will explore the mechanisms in which Bitcoin may resist State attack.” – SGBarbour
Today we explore the feasibility and the correcting mechanisms in the Bitcoin system for resisting sustained censorship of the network. This is a must listen for those who want to dig into the game theory of Bitcoin, and its struggles with the most powerful external adversaries it will face.
Link to the original article by Steve Barbour:
https://sgbarbour.medium.com/the-state-vs-bitcoin-dbc044f23ea6
The full audiobook of Eric Voskuil’s CryptoEconomics read by Max Hillebrand:
https://open.spotify.com/show/2y6oTLWiId7JmUp6pTjPOS
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Fountain.fm
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Read_614 – …and Then They Fight You [SovrynMindset]
“Much more to say. This is just a starting point, but I’m interested in Bitcoin for its potential to reorient civilization to an existence rooted in truth. If adoption comes at the cost of that, all the NGU euphoria means nothing and most of what gives Bitcoin value will be lost.” – SovrynMindset
Michael brings us an excellent thread on the attack vectors likely to come in the not-too-distant future as we have clearly entered the “then they fight you” stage. Now is not the time to rest on our laurels and believe that we have already won a fight, that is only just beginning. The price of liberty is eternal vigilance. This means pleb mining, privacy tools, adopting every tool at our disposal, building what we can, orange pilling our local communities, teaching how to protect our sovereignty, and that idea that you know is important, but keep procrastinating on.
Check out the Fountain app to test out the value-for-value system and listen to Bitcoin Audible for 1,000 free sats!
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Read_613 – Against the Inevitability of Bitcoin [Ariel Deschapell]
“…This purpose flounders, however, if their own evangelists and the community at large fails to lay the groundwork and impetus to push ever deeper.
As a community, we fail when, in chasing the mainstream, we lose sight of the original spirit in which Bitcoin was created and bootstrapped.” – Ariel Deschapell
To kick off adversarial week, we are covering a great piece that brings us back down to earth so we can see where we are, the reality of our situation, & the true challenges that lay before us. From author Ariel Deschapell and published with Bitcoin Magazine, today we read & discuss: “Against the Inevitability of Bitcoin.”
Find the original article at the link below:
https://bitcoinmagazine.com/technical/against-the-inevitability-of-bitcoin
Check out the Fountain app to test out the value-for-value system and listen to Bitcoin Audible for 1,000 free sats!
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Read_612 – Energy Cancelled [Arthur Hayes]
“On a medium-term basis, it is time to back up the John Deere excavator and scoop up as much gold and Bitcoin as you can afford. This is it, the start of a monetary regime change. Nothing lasts forever, and the days of Petro / Eurodollar supremacy are over. The phase shift will be chaotic, it will be volatile, it will morph, but it will 100% be MASSIVELY inflationary in fiat currency terms.
There is no government, ever, that resisted the temptation to print money in order to pay its bills and placate its citizens. The government will never voluntarily go bankrupt. This is axiomatic. I challenge you to contradict me with evidence.” – Arthur Hayes
You are simply going to want to hear Hayes justification for this stance. We may very well be in the middle of one of the largest shifts in the global monetary structure in history. And remaining ignorant will no longer be a viable option. The US just cancelled the world’s largest energy producer from the global financial network. What does that mean?
Check out the original article and drop some applause at the link below. Plus, tons of other great linked content within the article and writing by Hayes that is always incredibly valuable on top of entertaining:
https://cryptohayes.medium.com/energy-cancelled-e9f9e53a50cd
Check out the Fountain app to test out the value-for-value system and listen to Bitcoin Audible for 1,000 free sats!
Fountain.fm
For the best products and services to get you started in Bitcoin, our sponsors are literally a handful of those that I use most in this space:
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• Get tickets to the biggest & most exciting Bitcoin conference in the universe! Bitcoin 2022 (guyswann.com/2022). 10% discount if you use code GUYSWANN.
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Read_611 – The Freedom of Value [Dergig]
“Thus, given enough time and popularity, every movie, every song, and every document will be available to the general public for free. The nature of information does not allow for another outcome. Hence the saying: information wants to be free.
Although trying to create something that can’t exist—information that can’t be copied—is paradoxical in itself, this isn’t what I mean by the DRM paradox. What I mean is something more hilarious. It is again psychological, not technical in nature. The paradox is this: content will only stay behind a paywall if it is shitty. If it’s good, someone will set it free.” – Dergigi
Today we are exploring an article from Dergigi on how the incentives of the internet attention market has turned platforms into dopamine machines, and why it is causing us harm by us failing to understand what is inherently wrong with monetization on the internet, and why Bitcoin may just be able to fix it.
LINK to the original article with Gigi’s hat available for any value given back.
https://dergigi.com/2021/12/30/the-freedom-of-value/
Check out the Fountain app to test out the value-for-value system and listen to Bitcoin Audible for 1,000 free sats!
(will add link here when I get it)
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Read_610 – The Invisible Cost of War – Part 2 [Alex Gladstein]
“In sum, the U.S. government has shown that — through the GFC, repo spike crisis in 2019 and pandemic crisis in 2020 — it is willing to do anything to keep interest rates down: start an experimental QE program to buy long-dated treasuries and subprime mortgages; nationalize the repo markets; and even nationalize the corporate debt markets.” – Alex Gladstein
Today we conclude Alex Gladstein’s incredible new article on the invisible costs of war, and how our monetary policy disconnects the unbelievable cost of war & its fallout, from the minds of the citizens. Only in the age of infinite money printing, can we sustain infinite war. This is not an accident. Listen to the epic conclusion in today’s episode.
Link to the article: https://bitcoinmagazine.com/culture/how-the-fed-hides-costs-of-war
For the best products and services to get you started in Bitcoin, our sponsors are literally a handful of those that I use most in this space:
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• Buy Bitcoin automatically and painlessly with SwanBitcoin (swanbitcoin.com/guy)
• Keep your Bitcoin keys safe on the secure, open source BitBox02 (guyswann.com/bitbox). Discount code GUY gets you 5% off.
• Get tickets to the biggest & most exciting Bitcoin conference in the universe! Bitcoin 2022 (guyswann.com/2022). 10% discount if you use code GUYSWANN.
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Read_609 – The Invisible Cost of War – Part 1 [Alex Gladstein]
“As detailed in Saifedean Ammous’s “The Fiat Standard,” in November 1914 the British government “issued the first war bond, aiming to raise 350 million pounds from private investors at an interest rate of 4.1% and a maturity of ten years. Surprisingly, the bond issue was undersubscribed, and the British public purchased less than a third of the targeted sum. To avoid publicizing this failure, the Bank of England granted funds to its chief cashier and his deputy to purchase the bonds under their own names.”
This was one of the more prominent early examples of government bond market intervention to finance war, and it would provide a blueprint for America to follow for decades to come.” – Alex Gladstein
Today we have an incredible piece from Alex Galdstein returning with his incredible deep dives into the history of money, what is happening around the world, and how Bitcoin fits into the world’s massive problems today, and may fundamentally alter the course of history. Don’t miss an incredible walk through the history of war, and how money has hidden their cost, and thus made them a permanent part of our modern society.
Link to the article: https://bitcoinmagazine.com/culture/how-the-fed-hides-costs-of-war
For the best products and services to get you started in Bitcoin, our sponsors are literally a handful of those that I use most in this space:
• Get Bitcoin rewards on literally everything you buy with the Fold Card (guyswann.com/fold). Get 20% off with discount code BITCOINAUDIBLE.
• Buy Bitcoin automatically and painlessly with SwanBitcoin (swanbitcoin.com/guy)
• Keep your Bitcoin keys safe on the secure, open source BitBox02 (guyswann.com/bitbox). Discount code GUY gets you 5% off.
• Get tickets to the biggest & most exciting Bitcoin conference in the universe! Bitcoin 2022 (guyswann.com/2022). 10% discount if you use code GUYSWANN.
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Read_608 – Want to Stick it to the Elites? Use Bitcoin [Avik Roy]
“Aspiring Republican politicians and conservative opinionators love talking in darkened tones about the malevolence of elites. And yet, for all the fingers wagged and pixels rendered, conservatives have largely ignored the most economically significant way in which elites actually _have_ rigged the game in their favor. The widening gap between elites and the rest of us comes down in large part to the highly abnormal way in which the United States has defined money for the last 50 years.” – Avik Roy
Avik breaks down in this article from The American Mind, the poisonous nature of our monetary system, where it all started, how it unfairly benefits the already wealthy at our expense, & how Bitcoin truly fixes this. Plus a lengthy Guy’s take that gets heated because economics is just too exciting not to get amped up about it.
Check out the link below for more work by Avik Roy and The American Mind:
https://americanmind.org/features/free-bitcoin/want-to-stick-it-to-coastal-elites-use-bitcoin/
For the best products and services to get you started in Bitcoin, our sponsors are literally a handful of those that I use most in this space:
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• Buy Bitcoin automatically and painlessly with SwanBitcoin (swanbitcoin.com/guy)
• Keep your Bitcoin keys safe on the secure, open source BitBox02 (guyswann.com/bitbox). Discount code GUY gets you 5% off.
• Get tickets to the biggest & most exciting Bitcoin conference in the universe! Bitcoin 2022 (guyswann.com/2022). 10% discount if you use code GUYSWANN.
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Read_607 – Implications of Outlawing Bitcoin [Dergigi]
“If having 12 words in your head is illegal, something is terribly wrong with the law. If the police storm your building because you are finding or creating a random number in the privacy of your own home, something is terribly wrong with the police. If the peaceful exchange of messages is seen as dangerous or immoral by society, something is terribly wrong with society. If speaking or knowing numbers becomes a criminal act, I don’t want to be a law-abiding citizen in the first place.” – Dergigi
What exactly does it mean to outlaw Bitcoin? To ban proof of work mining? And what does it say about our society that such a discussion is even on the table? Is it a problem with how the people may use these tools, or what it enables of criminals or the less savory of society?… Or is it more indicative of a cancer in society itself?
DerGigi always killing it with another great article:
https://dergigi.com/2021/08/02/implications-of-outlawing-bitcoin/
For the best products and services to get you started in Bitcoin, our sponsors are literally a handful of those that I use most in this space:
• Get Bitcoin rewards on literally everything you buy with the Fold Card (guyswann.com/fold). Get 20% off with discount code BITCOINAUDIBLE.
• Buy Bitcoin automatically and painlessly with SwanBitcoin (swanbitcoin.com/guy)
• Keep your Bitcoin keys safe on the secure, open source BitBox02 (guyswann.com/bitbox). Discount code GUY gets you 5% off.
• Get tickets to the biggest & most exciting Bitcoin conference in the universe! Bitcoin 2022 (guyswann.com/2022). 10% discount if you use code GUYSWANN.
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Read_606 – Lightning is a Liquidity Network [Roy Sheinfeld]
“Only liquid, flowing capital generates a return. Unlike a bank account, capital on Lightning is productive when it is mobile, not at rest. That’s why flow is so essential. The more capital flows, the more liquid it is, the more incremental returns it generates.” – Roy Sheinfeld
Roy Sheinfeld of Breez Technology does some of the best conceptualizing of the Lightning network, its direction, & its challenges. He brings us another article today attempting to reconceptualize Lightning around the process of its operation (liquidity) rather than the purpose the process fulfills (payments network). The Guy’s Take to follow discussing ideas of Lightning UI and the new tools being brought to the liquidity table.
Don’t forget to check out the article, drop some applause on medium, and follow Roy at the link below:
https://medium.com/breez-technology/lightning-is-a-liquidity-network-550896ca27ea
For the best products and services to get you started in Bitcoin, our sponsors are literally a handful of those that I use most in this space:
• Get Bitcoin rewards on literally everything you buy with the Fold Card (guyswann.com/fold). Get 20% off with discount code BITCOINAUDIBLE.
• Buy Bitcoin automatically and painlessly with SwanBitcoin (swanbitcoin.com/guy)
• Keep your Bitcoin keys safe on the secure, open source BitBox02 (guyswann.com/bitbox). Discount code GUY gets you 5% off.
• Get tickets to the biggest & most exciting Bitcoin conference in the universe! Bitcoin 2022 (guyswann.com/2022). 10% discount if you use code GUYSWANN.
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Read_605 – Bitcoin Behind the Veil [Craig Warmke]
“People tend to favor proposals that would benefit themselves and reject proposals that, at their own expense, would benefit others. If you were wealthy, you’d probably reject calls for higher taxes and more welfare programs. If you were poor, you’d probably call for higher taxes and more welfare programs. I don’t just mean that the currently wealthy tend to endorse proposals thought to benefit the wealthy and that the currently poor tend to endorse proposals thought to benefit the poor. I mean something stronger — even the actual, presently poor would likely endorse proposals thought to benefit the wealthy if they had been wealthy. And even the wealthy would likely endorse proposals thought to benefit the poor if they had been poor. ” – Craig Warmke
How does one remove their biases and personal benefits or consequences from weighing the value of world with, or a world without Bitcoin? That’s what Craig attempts to do in today’s article, another excellent addition to The Bitcoin Times, Ed 4. Check out the original at the link below along with the numerous other great pieces that accompany it:
https://sites.google.com/getamber.io/thebitcointimes/ED_4
For the best products and services to get you started in Bitcoin, our sponsors are literally a handful of those that I use most in this space:
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• Buy Bitcoin automatically and painlessly with SwanBitcoin (swanbitcoin.com/guy)
• Keep your Bitcoin keys safe on the secure, open source BitBox02 (guyswann.com/bitbox). Discount code GUY gets you 5% off.
• Get tickets to the biggest & most exciting Bitcoin conference in the universe! Bitcoin 2022 (guyswann.com/2022). 10% discount if you use code GUYSWANN.
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Read_604 – I Was Wrong, We Need Crypto [David Hansson]
“Now what’s that saying again. Just because you’re paranoid doesn’t mean they aren’t after you. It’s starting to smell like that. Just because Bitcoin’s most virtuous argument was presented – in if not bad-faith then in fig-leaf-faith – by get-rich-quick boosters, doesn’t mean it isn’t true!
Enter the trucker protests in Canada. In just three weeks of honking, blocked streets and bridges, bouncy castles and flag waving, this peaceful protest movement managed to provoke the most shockingly authoritarian response from the Canadian government.” – David Heinemeier Hansson
The events of today are making it increasingly difficult to ignore the value of Bitcoin & censorship resistant money. While it was easy to dismiss in a world where western democracies appeared to be representative of their population, & while western culture seemed to protect individual rights, as we watch them so quickly and systematically dismantled, the need for Bitcoin cannot be ignored. Listen to a long time Bitcoin/Crypto skeptic begin to see why it may not be so foolish after all.
Check out the article for more digging below, and feel free to follow and help David on his Bitcoin journey:
https://world.hey.com/dhh/i-was-wrong-we-need-crypto-587ccb03
For the best products and services to get you started in Bitcoin, our sponsors are literally a handful of those that I use most in this space:
• Get Bitcoin rewards on literally everything you buy with the Fold Card (guyswann.com/fold). Get 20% off with discount code BITCOINAUDIBLE.
• Buy Bitcoin automatically and painlessly with SwanBitcoin (swanbitcoin.com/guy)
• Keep your Bitcoin keys safe on the secure, open source BitBox02 (guyswann.com/bitbox). Discount code GUY gets you 5% off.
• Get tickets to the biggest & most exciting Bitcoin conference in the universe! Bitcoin 2022 (guyswann.com/2022). 10% discount if you use code GUYSWANN.
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