Read_556 – Bitcoin Has Already Won [Akarsh Nalawade]
“There has never been a more secure, scarce, valuable, transportable, decentralized and networked asset in all of humanity’s history. It’s more mobile than gold. It appreciates faster than property. It’s supply is fixed unlike stocks and bonds. It’s payment network is faster and cheaper than Visa’s” – Akarsh Nalawade
With Lightning exploding on the scene and becoming the default means of interaction with the Bitcoin system, legal tender going live in El Salvador, the massive hash rate migration, and so much more, Bitcoin is becoming the impossible to ignore. Lindy in full display, Bitcoin may be doing more than simply winning, it may have already won. First time author Akarsh brings us a fun, short piece making the case that the battle is already over, we are simply waiting for the dust to settle.
Check out the original piece on Medium and the other works by Akarsh at the link below:
https://akarshnalawade01.medium.com/bitcoin-has-already-won-ea028936f016
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Shitcoin Insider #006 – Proof of What?
Proof of stake, versus proof of work. Isn’t POW super wasteful, while POS is the cost free alternative that obviously is as equally secure? Are we throwing hashes into the wind for no reason, or is there something fundamentally wrong with this comparison? Find out in Episode #6 of Shitcoin Insider.
Subscribe to the show, don’t forget to check out Bitcoin Audible for tons of other deep dives into the nature of Bitcoin and Proof of work vs Proof of Stake, and check us out on Twitter here. (Link: https://x.com/shitcoininsider)
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Read_555 – The Bitcoin Energy Debate & the Gold Resource Cost Debate [Nic Carter]
“Long before we had the Bitcoin energy debate, we had the gold resource cost debate. The contours were similar: the costs associated with gold refining and extraction were a waste; they were too great relative to a mere fiat standard in which notes could be printed for virtually nothing.” – Nic Carter
Great piece today from Nic Carter published on Bitcoin Magazine. The energy cost debate of Bitcoin might not be quite what it seems to be. And we can take a lesson from history by understanding the long, ongoing debate about the resource costs of the Gold standard.
Check out the original article at the link below, plus tons of great stuff from Bitcoin Magazine:
https://bitcoinmagazine.com/culture/bitcoin-and-gold-energy-debate
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Read_554 – Finding Financial Freedom in Afghanistan [Alex Gladstein]
“Farzan and her family traveled by foot, car and train thousands of miles through Iran and Turkey, finally making it to Germany in 2017. Along the way, dishonest middlemen and common thieves stole everything they brought with them, including their jewelry and cash. At one point, their boat crashed, and more belongings sank to the bottom of the Mediterranean. It’s a tragic story familiar to so many refugees. But in this case, something was different. Through it all, Farzan was able to keep her bitcoin, because she hid the seed to her Bitcoin wallet on a piece of tiny, innocuous-looking paper. Thieves could not take what they could not find.” – Alex Gladstein
You don’t want to miss another excellent piece in the incredible ongoing works by Alex Gladstein. Thanks to Bitcoin Magazine for this incredible work and continuing to put out so much incredible stuff for the Bitcoin space!
Check out the article below for links to dig further and a huge collection of other excellent works at Bitcoin Magazine:
https://bitcoinmagazine.com/culture/bitcoin-financial-freedom-in-afghanistan
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Chat #62 – Dave Smith & Part of the Solution
Dave Smith has finally done a Bitcoin episode! For those of you who missed this, I am making it available on my own feed and for those of you who do not know Dave Smith, he has the best podcast on libertarianism out there. It is absolutely one to check out if you haven’t yet. Check out the links below to watch this episode on youtube, or explore the other great content on Part of the Problem.
Part of the Problem with Dave Smith:
https://www.youtube.com/watch?v=ZAqs3DOXqCc
https://podcasts.apple.com/us/podcast/part-of-the-problem/id833706616
Don’t forget to check out our awesome sponsors!
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Read_553 – Bitcoin’s “Naive” Monetary Policy [Natasha Che]
“Bitcoin fails as a money b/c of its naive monetary policy. Many people think government printing too much is evil, so a fixed money supply must be good. The reality: a money that cannot expand would crush the economy and put us all in poverty. Here’s why and how to fix it.” – Natasha Che
Today we have a fun one to go through. A twitter thread by Natasha Che who was eager to explain why Bitcoin’s monetary policy would ultimately lead to economic destitution and poverty. A prime example of “I’ve just discovered Bitcoin, and I’m here to fix it.” Is any of her theory correct? Or does she base her entire theory upon false assumptions about money?
Find the entire thread and comments at the link below:
https://twitter.com/RealNatashaChe/status/1428431581077667842
Don’t forget to check out our awesome sponsors!
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Read_552 – Inside Cuba’s Bitcoin Revolution [Alex Gladstein]
“This technology goes around blockades and government restrictions, it allows you to move value without trusting anyone, it connects you to the world, and it allows you to empower yourself and do things that are otherwise impossible,” he said. “It has created hope for those who want change.”
Today Alex Gladstein takes us on another Bitcoin journey around the world, this time to Cuba. A communist regime where dissent is illegal, where 70% of the value of the currency is stolen by the government in the official conversion, & where the chance to accumulate wealth and engage in trade is a privilege for the few. With Bitcoin and internet finding their way to this lost country, a chance for a better future may be on the horizon. Don’t miss another incredible piece from Gladstein & Bitcoin Magazine.
Check out the original at Bitcoin Magazine, plus the other amazing works recently published over there at the link below:
https://bitcoinmagazine.com/culture/cubas-bitcoin-revolution
Don’t forget to check out our awesome sponsors!
5% off the BitBox02 with code “GUY,” your bank grade digital vault for your Bitcoin keys from Shiftcrypto.ch
And secure your Bitcoin future by starting your automatic savings plan at SwanBitcoin.com/guy
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Read_551 – I Tried Hacking Bitcoin, and I Failed [Dan Kaminsky]
“By all extant metrics in security system review, this system should have failed instantaneously, at every possible layer.
And, to be fair, it has failed at other layers – BitCoin thefts have occurred, in the meta-code that surrounds the core technology itself.
But the core technology actually works, and has continued to work, to a degree not everyone predicted. Time to enjoy being wrong. What the heck is going on here?” – Dan Kaminsky
Today we read an excellent blast from the past by legend Dan Kaminsky who saw Bitcoin as an inevitable disaster that he couldn’t wait to tear apart, only to be stopped at every tactic he used by code that “simply knew better.” We lost Dan this past year from complications due to diabetes, and it’s sad to lose such a major contributor to the security of the internet. RIP Dan, your contributions won’t be forgotten.
I Tried Hacking Bitcoin And I Failed:
https://www.businessinsider.com/dan-kaminsky-highlights-flaws-bitcoin-2013-4
Don’t forget your goodies from our awesome sponsors!
5% off the BitBox02 with code “GUY,” your bank grade digital vault for your Bitcoin keys from Shiftcrypto.ch
And secure your Bitcoin future by starting your automatic savings plan at SwanBitcoin.com/guy
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Read_550 – Bitcoin’s Energy Use isn’t a Problem, Here’s Why [Lyn Alden]
“And it’s easier to sensationalize things for pageviews or political gain. For example, it’s commonly said that the Bitcoin network uses more energy than some countries. That’s true, but then so does Google, Youtube, Netflix, Facebook, Amazon, the cruise industry, Christmas lights, household drying machines, private jets, the zinc industry, and basically any other sizable platform or industry. From that list, Bitcoin’s energy usage is the closest to that of the cruise industry’s energy usage, but bitcoins are used by more people, and the network scales far better.” – Lyn Alden
Today we read an amazing and comprehensive view of the entire argument around Bitcoin and energy with all of the fallacies and misunderstandings. Is Bitcoin’s energy use really a problem? Find out!
Check out the full article with tons of extra to help visualize the arguments and explore further at the Swan Bitcoin blog:
https://www.swanbitcoin.com/bitcoins-energy-usage-is-not-a-problem-heres-why-by-lyn-alden/
Don’t forget your goodies from our awesome sponsors!
5% off the BitBox02 with code “GUY,” your bank grade digital vault for your Bitcoin keys from Shiftcrypto.ch
And secure your Bitcoin future by starting your automatic savings plan at SwanBitcoin.com/guy
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Guy’s Take #49 – Backed by Truth
“Bitcoin is a network, a money, a language, a system of rules, & a clock. Bitcoin is backed by Truth”
– Guy Swann
Links to other works mentioned in the show today for further digging and study of these concepts in detail. Plus a really funny clip on the ridiculousness of the English language:
Dergigi’s “Bitcoin is Time”
https://bitcoinaudible.com/bitcoin-is-time/
Gallagher on the English Language:
https://www.youtube.com/watch?v=Mfz3kFNVopk
Shelling Out: The Origins of Money:
https://bitcoinaudible.com/shelling-out-the-origins-of-money/
Money, Blockchains & Social Scalability:
https://bitcoinaudible.com/money-blockchains-and-social-scalability/
Don’t forget your goodies from our awesome sponsors!
5% off the BitBox02 with code “GUY,” your bank grade digital vault for your Bitcoin keys from Shiftcrypto.ch
And secure your Bitcoin future by starting your automatic savings plan at SwanBitcoin.com/guy
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Read_549 – Fiat Lux: The Origins of Modern Money [HeavilyArmedClown]
The word “fiat” is growing more aggrandized in the modern lexicon, however, despite its increasing popularity it is often ill defined or misused. I regularly observe people falsely call Bitcoin a fiat currency. This is thanks, not least of all, to the layman’s poor grasp of history and money. Fiat is of Latin origin, meaning authoritative sanction; a decree, command or order. Fiat does not mean “backed by nothing” or “redeemable for nothing” or “pegged to nothing.” – HAC
A walk through the history of monetary expansion, the constant, and inevitable consequences, and how Bitcoin is set to change the fundamental flaw through which such manipulation is even possible. We are entering a new world. Are you ready?
Some other links to check out!
• Fiat Lux: The Origins of Modern Money: https://heavilyarmedclown.medium.com/fiat-lux-the-origins-of-modern-money-469dbc47567b
• WTF Happened in 1971?: https://wtfhappenedin1971.com/
• History of Money and Banking in the United States: https://cdn.mises.org/History%20of%20Money%20and%20Banking%20in%20the%20United%20States%20The%20Colonial%20Era%20to%20World%20War%20II_2.pdf
• What Bitcoin Did: https://www.whatbitcoindid.com/podcast/wtf-is-happening-in-2020
Check out tons of other great works & discussion at BitcoinAudible.com! Search the library for any topic or work you would like to hear, including other great pieces from Erik Cason.
Don’t forget your goodies from our awesome sponsors!
5% off the BitBox02 with code “GUY,” your bank grade digital vault for your Bitcoin keys from Shiftcrypto.ch
And secure your Bitcoin future by starting your automatic savings plan at SwanBitcoin.com/guy
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Read_548 – This is Not a Drill! [Jake Chervinsky]
“Here’s the deal with the US infrastructure bill: A new provision has been added that expands the Tax Code’s definition of “broker” to capture nearly everyone in crypto, including non-custodial actors like miners, forcing them all to KYC users.
This is not a drill” – Jake Chervinsky
The government is trying to sneak in an incredibly arduous and expansive redefinition of the tax code that could be interpreted as so broad to essentially encompass every computer and piece of software running in the Bitcoin industry. This will be a disaster for the open monetary network within the United States. Today we read a great thread breaking down the issue from Jake Chervinsky and talk at length about what we can do.
Take a short time to call your senator or representative or use the resist.bot to automatically send an email at the below links:
guyswann.com/senator
guyswann.com/representative
guyswann.com/resist
Check out tons of other great works & discussion at BitcoinAudible.com! Search the library for any topic or work you would like to hear, including other great pieces from Erik Cason.
Don’t forget your goodies from our awesome sponsors!
5% off the BitBox02 with code “GUY,” your bank grade digital vault for your Bitcoin keys from Shiftcrypto.ch
And secure your Bitcoin future by starting your automatic savings plan at SwanBitcoin.com/guy
Learn more about your ad choices. Visit megaphone.fm/adchoices
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