Guy’s Take #51 – AOPP & the Travel Rule
With Twitter up in arms about a potentially invasive privacy measure and compliance for an invasive regulatory requirement, it’s time to break down exactly what is going on, and what we should or should not be concerned about. What is the Travel Rule, what is AOPP, and what should I do with my hardware wallets? That’s what this episode is about. There will be no ads on this show as I just want to talk about this issue and share my own conclusions after digging into what the reality of this situation is. Hope this helps makes sense of what is going on.
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Read_597 – The 7th Property Ch1 – The Dimensions of Money [Eric Yakes]
“What is money? Why is it used? Which type of money is best? And why?” – Eric Yakes
Today we are diving into the foundational chapter of Eric Yakes’ book The 7th Property. What are the characteristics of money, and how can we use them to understand the security and comparative value of competing monetary goods?
The full book as well as the audiobook (by yours truly) can be found at amazon if you want to dig in further:
Paperback: https://www.amazon.com/7th-Property-Bitcoin-Monetary-Revolution/dp/0578902621/ref=sr_1_1?crid=1OGGJHM7QJCZ7&keywords=7th+property&qid=1643345103&sprefix=7th+property%2Caps%2C61&sr=8-1
Audiobook: https://www.amazon.com/7th-Property-Bitcoin-Monetary-Revolution/dp/B09N9VZYM7/ref=sr_1_1?crid=1OGGJHM7QJCZ7&keywords=7th+property&qid=1643345103&sprefix=7th+property%2Caps%2C61&sr=8-1
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Read_596 – Bitcoin is a Pioneer Species [Brandon Quittem]
“This makes Bitcoin miners uniquely symbiotic with energy grids serving as “demand response” partners. If energy is ever in short supply, people get priority over Bitcoin miners. However whenever there is excess energy, it gets monetized. This symbiotic relationship leads to more energy abundance generally.” – Brandon Quittem
Another great piece coming at you today from The Bitcoin Times Ed 4, and by returning author Brandon Quittem, who did the incredible Mycelium Series for understanding Bitcoin through the lens of an organic mycelium like organism. Today he tackles Bitcoin mining, and how the altered incentives of Bitcoin make it a pioneer species that will allow us to expand into energy deserts, and spread the scope of civilization in a way not immediately obvious. Don’t miss today’s excellent read, “Bitcoin is a Pioneer Species.”
Link to the original work, with many links for further exploration (drop some massive applause):
https://medium.com/the-bitcoin-times/bitcoin-is-a-pioneer-species-38f42ecdbb88
Why I changed my mind about nuclear power | Michael Shellenberger
https://www.youtube.com/watch?v=ciStnd9Y2ak
Noahbjectivity on Bitcoin Mining | Nic Carter
https://bitcoinaudible.com/noahbjectivity-on-bitcoin-mining/
Bitcoin Mining & the Case for More Energy
https://bitcoinaudible.com/bitcoin-mining-the-case-for-more-energy/
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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Read_595 – Money Messiah: Part 2 [John Vallis]
“Money, in the ideal (which we’ll likely always only ever strive for, and not achieve), turns a portion of ‘our work, here and now’, into a portion of ‘everyone’s work, anywhere and forever’.” – John Vallis
Continuing the incredible piece from yesterday by John Vallis around how the human consciousness even creates value and meaning, and how deeply tied to that process and our ability to peacefully coexist is to the nature of our money. And through that lens, what is Bitcoin?
Check out the original article and drop some hella applause (and follow John while you’re at it):
https://medium.com/@johnkvallis/money-messiah-god-bitcoin-and-the-evolution-of-consciousness-b95be58054f4#3d4b
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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Read_594 – Money Messiah: Part 1 [John Vallis]
“Sacrifice is thus a critical component of value, as it is the use of one’s own limited resources, as that against which all action is measured and justified.” – John Vallis
Why does it always seem that the Bitcoin rabbit hole inevitably leads to the questions of “what is money” & “what is value?” How do we always find ourselves at such fundamental question when exploring Bitcoin? Today we dive into Vallis’s “Money Messiah” on the very nature of value and meaning, how it relates to our religious and moral interpretations of the world, and why they are so intricately intwined with the simple, ubiquitous tool that we call money. Part 1 explores value and meaning, and tomorrow with Part 2 we will dive deep into money and Bitcoin. This one is not to be missed:
Drop some massive applause on the article at the link below:
https://medium.com/@johnkvallis/money-messiah-god-bitcoin-and-the-evolution-of-consciousness-b95be58054f4#3d4b
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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Read_593 – Bitcoin Heading to $30k? [Nik Bhatia]
“This confluence of Fed hikes and investor naivety “presents the setup for a severe washout” as the “pernicious effects of rising interest rates on future cash flows will likely prompt speculators and investors at the margin to dump or severely reduce their crypto holdings.” – Nik Bhatia
We take a little break to discuss the crazy state of the markets right now, and how this could affect the Bitcoin price in the short term. Nik Bhatia summarizes the bearish warning from Arthur Hayes and digs into the possible course of action for the Federal Reserve, and how that could dictate what the Bitcoin price does in the short term. Are you ready? Listen to find out more
Links to both Bhatia’s as well as Hayes’s article below for further exploring:
https://thebitcoinlayer.substack.com/p/arthur-hayes-bitcoin-could-be-heading
https://cryptohayes.medium.com/maelstrom-ee6021e9d0c2
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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• Keep your Bitcoin keys safe on the secure, open source BitBox02 (5% discount code GUY)
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Read_592 – First Impressions of Web3 [Moxie Marlinspike]
“The people at the end of the line who are flipping NFTs do not fundamentally care about distributed trust models or payment mechanics, but they care about where the money is.” – Moxie Marlinspike
As a follow up to the model and concept of web3 built on top of Bitcoin and Lightning, it seems prudent to have an exploration of web3 built on top of crypto. Moxie Marlinspike brings us an excellent piece with a bit of experimentation of his own to get at the core of what NFTs, Dapps, and the “Crypto” world really are, with this article titled, “My First Impressions of Web3.” If you would like a laugh and some fun trip down Not lane, this is one not to miss.
Check out the original article, with links to much of what was discussed at the link below:
https://moxie.org/2022/01/07/web3-first-impressions.html
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 (20% discount code BITCOINAUDIBLE)
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• Keep your Bitcoin keys safe on the secure, open source BitBox02 (5% discount code GUY)
• Get tickets to the biggest & most exciting Bitcoin conference in the world! Bitcoin 2022 (10% discount code GUYSWANN)
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Chat #66 – Will the Real Web3 Please Stand Up, with John Carvalho
“Our goal is basically to realize this concept we have created called the atomic economy. This is just my way to create a narrative and mental model to represent hyperbitcoinization, or a future world where we actually broke free from having government regulations control the economy, having big tech control our data, and having big banks control our assets. If we actually ended up in that world, what would it actually look like?” – John Carvalho
Today we dive into an amazing conversation with John Carvalho that I’ve been eager to get at for a while now. Through Bitcoin and Lightning we have inadvertently been given the Holy Grail of a decentralized web, millions of individuals with a public and private key pair. Do we really need this bloated & scammy system with 10s of 1000s of shitcoins and blockchains for everything? Or is there something far simpler, and more fundamental that could be the beginnings of something massive? Find out in today’s interview with the Bitcoin OG, cypherpunk, CEO of Synonym… John Carvalho.
Don’t forget to check out the incredible stuff being built by Synonym:
https://synonym.to/
Mounting a Torrent to your file system with HyperCore:
https://www.youtube.com/watch?v=BTCsSwCpGP8&t=1016s
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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Guy’s Take #50 – Lightning and the Web
In a follow up to the State of Lightning Report from Arcane Research and OpenNode, we dive into the possibilities for how Lightning will change the global market, the potential for truly on-demand services, streaming money, the access it could bring to billions with no banking, & why I think it will change how we interact with the web itself. Lightning is the beginnings of a new frontier and we take time in today’s show to talk about where that frontier will take us.
Don’t forget to check out the State of Lightning Report from Arcane Research at the link below, and the episodes with Part 1 and Part 2 in audio for those who haven’t yet listened:
State of Lightning Report: https://static1.squarespace.com/static/60377b34e7791c1277aaae97/t/615cb9aeaab8c63e1a732771/1633466815710/The+State+of+Lightning.pdf
Part 1 Audio:
Part 2 Audio:
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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Read_591 – The State of Lightning – Part 2
“What the Internet has done for information, Bitcoin and the Lightning Network will do for money. ” – Elizabeth Stark
Finishing the amazing report from Arcane Research on the state of the lightning network and development ecosystem. Covering the development path, the major players in the space, and the nation states beginning to pay attention and their role in Bitcoin’s future. Don’t miss part 2 oif the State of Lightning report.
Check out the many graphics and data that helps show the comparisons made on the full report at the link below:
https://static1.squarespace.com/static/60377b34e7791c1277aaae97/t/615cb9aeaab8c63e1a732771/1633466815710/The+State+of+Lightning.pdf
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 (20% discount code BITCOINAUDIBLE)
• Buy Bitcoin automatically and painlessly with SwanBitcoin
• Keep your Bitcoin keys safe on the secure, open source BitBox02 (5% discount code GUY)
• Get tickets to the biggest & most exciting Bitcoin conference in the world! Bitcoin 2022 (10% discount code GUYSWANN)
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Read_590 – The State of Lightning – Part 1
“The Lightning Network, and the possibility to perform micropayments instantaneously, will most likely change how we pay for certain services. We already see the first steps, but the alternative to stream money will revolutionize many popular services in the future.“ – Arcane Research
Today we are diving into Part 1 of The State of Lightning Report from Arcane Research. What it is, its early life, how its evolved, the state and direction of development, what we are predict about its future, and the incredible possibilities on the horizon. Everything you wanted to know about the Lightning network in a thorough report on the state of the industry.
Check out the many graphics and data that helps show the comparisons made on the full report at the link below:
https://static1.squarespace.com/static/60377b34e7791c1277aaae97/t/615cb9aeaab8c63e1a732771/1633466815710/The+State+of+Lightning.pdf
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 (20% discount code BITCOINAUDIBLE)
• Buy Bitcoin automatically and painlessly with SwanBitcoin
• Keep your Bitcoin keys safe on the secure, open source BitBox02 (5% discount code GUY)
• Get tickets to the biggest & most exciting Bitcoin conference in the world! Bitcoin 2022 (10% discount code GUYSWANN)
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Read_589 – Proof of Stake & Stablecoins – Part 2 [Lyn Alden]
“Crypto exchanges with numerous coins have an incentive to get you excited about new coins, because they make money from trading volumes. Even if it’s just meme-coins like Doge or Shiba Inu with briefly-lived spikes, they want to get you in on the action, especially near the top of the spike when enthusiasm is high. Their financial incentive is for their users to hold a large number of coins, and trade those coins frequently, and are happy to highlight whatever coins happen to be popular at the moment. In that environment, it’s the house (exchange) that wins either way.” – Lyn Alden
Continuing with yesterday’s amazing piece to finish it out today, from Lyn Alden’s investment blog on the analysis of Proof-of-stake as a consensus mechanism, and the centralizing risk posed by DeFi and stablecoins. Don’t miss the conclusion to this incredible piece, with a Guy’s Take to follow on the difference between Crypto 7 Bitcoin, and how to frame what is happening in the ecosystem.
don’t forget to explore the article and lots of other connections to great additional content at the link below:
https://www.lynalden.com/proof-of-stake/
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 (20% discount code BITCOINAUDIBLE)
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• Keep your Bitcoin keys safe on the secure, open source BitBox02 (5% discount code GUY)
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