Read_547 – Scaling Lightning: To El Zonte… and Beyond! [Roy Sheinfeld]
“Many tellings of El Salvador’s story have largely overlooked and understated the role of the Lightning Network. But make no mistake: any country could have adopted bitcoin five or eight years ago. The base layer hasn’t changed much. The new ingredient, the innovation that has made this possible and is opening up all kinds of possibilities for the future, is Lightning.” – Roy Sheinfeld
Today we dive back into Lightning in another excellent article from Breez Tech founder Roy Sheinfeld exploring how Lightning has brought us to today, and how to scale it to the entire world. Even though it’s often thought of as a part of the background regarding the recent El Salvador announcement, to the contrary, it’s truly at the center of everything that is happening. With a major shout out to Michael Peterson from Bitcoin beach and the Lightning proof of concept, we read Roy’s excellent article, “Scaling Lightning: To El Zonte… And Beyond!”
Link to the article for further reading and links to related services:
https://bitcoinmagazine.com/culture/scaling-lighting-el-zonte
For the best resource on news, information, essays, and education in the Bitcoin space, don’t forget to check out the incredible BitcoinMagazine and the LTBNetwork for other shows all about the developments in this ecosystem!
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.
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Read_546 – Could Bitcoin Be Palestine’s Currency of Freedom? [Alex Gladstein]
“Independence is financial,” Abukhdeir told me. “If we don’t have financial freedom, nothing is going to change.” – Alex Gladstein
Another brilliant addition to the Gladstein series from Bitcoin Magazine. Gladstein has been investigating Bitcoin’s benefits for people all over the globe, those in the first world, the third, connected to the modern banking system, the entirely unbanked, those stuck under oppressive regimes, monetary colonialization, & behind walls of political tyranny. Today he takes a deep dive into Palestine and how they have ben bled dry of their capital and manufacturing base over 50 years in significant part through a monetary and banking system completely controlled by external powers. And how Bitcoin may be a spark of hope to begin changing that harsh reality.
Could Bitcoin be Palestine’s Currency of Freedom?
https://bitcoinmagazine.com/culture/can-bitcoin-bring-palestine-freedom
For the best resource on news, information, essays, and education in the Bitcoin space, don’t forget to check out the incredible BitcoinMagazine and the LTBNetwork for other shows all about the developments in this ecosystem!
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_545 – The Ultimate Guide to Inflation [Lyn Alden]
A great piece today detailing out the different kinds, the nuances & the long history of inflation. What misconceptions do we still have about inflation? What are the major correlating factors? And what can we do to protect ourselves in different environments? All this and more in another of Lyn Alden’s incredible pieces from her investment newsletter.
The Ultimate Guide to Inflation:
https://www.lynalden.com/inflation/#investing
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_544 – Another Way to Think About Bitcoin’s Value [Bradley Rettler]
“Owning bitcoin is often put in contrast to owning stock in a company that produces a good or service. In virtue of the company producing a good or service and receiving money for the good or service, stock in that company is said to have intrinsic value. Methods of calculation of the intrinsic value of a stock usually involve calculating the value of the assets the company has and/or the expected future earnings. Bitcoin is not a company and produces no goods or services — so it lacks intrinsic value. So goes the criticism.” – Bradley Rettler
Why is it so difficult for people to wrap their heads around the idea of Bitcoin’s value? Its always met with criticisms like “but it doesn’t have intrinsic value,” or “but its not backed by anything.” In this context, what does intrinsic value even mean, and does Bitcoin have any of it? Dr. Bradley Rettler brings us a great breakdown at Bitcoin Magazine on the philosophy of value & what, if anything, actually has intrinsic value at all.
Another Way to Think About Bitcoin’s Value:
https://bitcoinmagazine.com/culture/bitcoin-intrinsic-value-definition
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!
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And $10 in sats for FREE by starting your automatic savings plan at SwanBitcoin.com/guy
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Read_543 – There Never Was a Real Tulip Fever [Smithsonian Magazine]
“For decades, economists have pointed to 17th-century tulipmania as a warning about the perils of the free market. Writers and historians have reveled in the absurdity of the event. The incident even provides the backdrop for the new film Tulip Fever, based on a novel of the same name by Deborah Moggach.
The only problem: none of these stories are true.” – Lorraine Boissoneault
What if every single time Bitcoin critics derided the Bitcoin phenomenon as nothing but market madness, a mirror of the obvious insanity of the Tulip craze in 17th century Dutch markets… what if they were actually referring to something that never really happened? What was the Tulip bubble really and was it exactly what it was made out to be? Or something far more boring?
Dont miss this excellent article from Smithsonian Mag and author Lorraine Boissoneault that digs into the truth behind the myth, and about the not so manic Tulip Mania.
Link the the original article, plus the source work by Anne Goldgar who did extensive research and found out the truth behind the myth:
https://www.smithsonianmag.com/history/there-never-was-real-tulip-fever-180964915/
https://press.uchicago.edu/ucp/books/book/chicago/T/bo5414939.html
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 $10 in sats for FREE by starting your automatic savings plan at SwanBitcoin.com/guy
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Read_542 – Sidechains for Scaling, Thunder Network [Paul Sztorc]
“Bitcoin (BTC, the currency) in its current form can scale – enough to process every txn in the world! It just needs the right combination of layer2s.” – Paul Sztorc
What would it look like if we could use sidechains today to scale Bitcoin to the worldwide payments capacity? Paul Sztorc, proponent and developer for Drivechains & BIP300 to bring this model to the Bitcoin ecosystem, lays out his vision for a future with the Thunder Network; sidechains with heavier data throughput to bridge to act as huge transaction aggregators that enables the quick deployment of any desired feature, an open landscape for design & privacy technology, & will allow Bitcoin to scale to every user in the world, and beyond.
Sidechains for Scaling, Thunder Network:
https://www.truthcoin.info/blog/thunder/
Check out the “Lessons from Bittorrent Series” covered on the show that was mentioned in the commentary:
https://bitcoinaudible.com/why-bittorrent-mattered-lessons-for-crypto-1-of-4/
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 $10 in sats for FREE by starting your automatic savings plan at SwanBitcoin.com/guy
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Read_541 – A Treatise on Altcoins [Andrew Poelstra]
“Of course, “developing your own cryptosystem” is the purview of only cranks and researchers, so it was reasonably assumed that none of these “altcoins”, as they were called, could ever be plausibly presented for public use.
Boy, were we ever wrong on that one” – Andrew Poelstra
How did we find ourselves in an environment where people copy/paste “crypto tokens” on a daily basis, and foundational cryptographic infrastructure is tossed around like casino chips? Prior to the days of Bitcoin, no one would have ever taken such projects seriously, but enter the ability to make money off fools and everything changes. Dont miss an incredible piece from Bitcoin developer Andrew Poelstra atempting to break down the major flaws and failures of philosophy on the entirety of what is know today as “altcoins.”
A Treatise on Altcoins:
https://download.wpsoftware.net/bitcoin/alts.pdf
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 $10 in sats for FREE by starting your automatic savings plan at SwanBitcoin.com/guy
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Read_540 – Bitcoin & the American Idea [Alex Gladstein]
“Perhaps Bitcoin can help Americans reflect on our history and remember that our true glory, in Adams’s words, is “not dominion, but liberty,” and that our true march is “of the mind” and not the sword.” – Alex Galdstein
Happy Independence Day fellow Audionauts! This is the day to celebrate the American experiment and the ideals which it sought to achieve. An ideal of “all men created equal,” individual liberties, freedom of speech, freedom of religion, and so many more revolutionary principles that have been the foundation for the outlaw of slavery, the civil rights movement, & human rights movements around the world.
So where do we separate “America the idea” from “America the political system?” What was missed in the founding documents that allowed the experiment to still fail so many? Does Bitcoin have a role to play by re-empowering these core principles of individual liberty?
Another brilliant piece from Alex Gladstein & Bitcoin Magazine, don’t miss today’s show!
https://bitcoinmagazine.com/culture/bitcoin-and-the-american-idea
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 $10 in sats for FREE by starting your automatic savings plan at SwanBitcoin.com/guy
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Chat #61 – Libertarians & Bitcoiners Sitting in a Tree…
We had an awesome discussion on Twitter spaces, getting some major Bitcoiners and Libertarians together to talk about the tools available to us in the endless fight for liberty, & why Bitcoin should be at the center of it all. Hope you guys enjoy this discussion as much as I did, and sorry for the minor audio hiccups and lack of censoring. As an open discussion there is some language so don’t have your kids around if you don’t want them to hear.
Thanks to @BranchFloridian for putting this together and hope to be able to do this again soon!
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 $10 in sats for FREE by starting your automatic savings plan at SwanBitcoin.com/guy
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Read_539 – The Theological Conquest of Money [Erik Cason]
“Bitcoin over the last ten years has create a single global movement that is loyal to no nation-state, no government, no military anywhere on the planet; but towards an ethics of a commonality of wealth. Through the radical protection cryptography offers to this new form of property found within bitcoin, the bonds of a new commonwealth have been formed.” – Erik Cason
Another great piece from cypherpunk extraordinaire, Erik Cason. On the theological idea of money, the manifestation & understanding of human liberty external to the state apparatus, & how Bitcoin changes the nature of political law, forever. Get ready, the rabbit hole is about to get crazy.
Dont’ forget to check out tons of other great works 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 $10 in sats for FREE by starting your automatic savings plan at SwanBitcoin.com/guy
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Guy’s Take #48 – But Hoarding Money Destroys the Economy!…
We’ve all heard the criticism, sound money can’t work because people will simply “hoard it.” Obviously, per the Keynesians’ demands, it is critical that we incentivize consumption and investment or the economy will fall into chaos and poverty. But how sound is this idea really? Does a money that keeps its value and isn’t debased REALLY destroy the economy? What if this statement is simply…. wrong?
All this and more in today’s Guy’s Take to break down the concepts of natural deflation, its differences with credit deflation, the boogeyman it’s been confused with, & what sound money gives to the economy that uses it.
Some other great episodes mentioned in today’s show to expand on the ideas & go further down the rabbit hole:
The Use of Knowledge in Society
https://bitcoinaudible.com/hayeks-use-of-knowledge-in-society-part-1-2/
Guy’s Take #18 – A Story of Booms and Busts
https://bitcoinaudible.com/a-story-about-booms-busts/
Guy’s Take #36 – Walking Tall
https://bitcoinaudible.com/guys-take-36-walking-tall/
Our amazing sponsors for today’s show, keeping Bitcoin Audible alive!
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Read_537 – Bitcoin is An Idea [DerGigi]
“As Victor Hugo reminds us: nothing is as powerful as an idea whose time has come. Bitcoin is here to stay; and Bitcoin’s time is now.” – DerGigi
Another chapter in Gigi’s upcoming book 21 Ways, today’s article covers some of the prehistory, the origins, the breakthroughs, and the meaning of the Bitcoin system. Gigi always comes through with excellent work, and this one doesn’t disappoint. Check out his patreon to stay up on his other projects and support his content. Plus the incredible body of work on his website at the links below.
https://www.patreon.com/dergigi
https://dergigi.com/2021/06/13/bitcoin-is-an-idea/
Explore the entire library of audio works at BitcoinAudible.com, plus vote for your favorites to be heard on the show!
Our amazing sponsors for today’s show, keeping Bitcoin Audible alive!
The BitBox02 hardware wallet for the trifecta of ease of use, security, & open source key storage.
SwanBitcoin.com for the automatic Bitcoin savings plan, automatic withdrawal, & low fee sat stacking.
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