Read_563 – Only the Strong Survive – Part 2 [Allen Farrington & Big Al]
“Lyn Alden captured this well in her excellent piece, An Economic Analysis of Ethereum, which we highly recommend in addition to our own. Similarly observing that there does seem to be a lot of “financial” activity on Ethereum, specifically: it’s what you would build if you were trying to replicate finance just by looking at it but not really understanding what the point of it all was”
Listen to Part 1 if you haven’t yet! https://traffic.megaphone.fm/CSN7556187630.mp3?updated=1632359979
Today we continue our journey through the incredible piece from Allen Farrington & Big Al, “Only the Strong Survive.” Today we dive deep into the logical reasons why “Crypto” is not actually finance, and what the fundamental errors are made in the investment rationale. Part 3 is on the way, so don’t forget to subscribe!
Follow Allen and Big Al for some top notch twitter experience and tons of other great work. Find more of their writing by exploring the audio library at BitcoinAudible.com
Check out our amazing sponsors below that keep this show alive, and all the things made audible for your listening pleasure!
• Get sats back on everything with the Fold Card! Check them out at guyswann.com/fold for 20% off the Spin+ Card!
• And keep those sats SAFE with the BitBox02 hardware wallet. 5% off with discount code “GUY” at guyswann.com/bitbox
• Stack automatically every day, week, or month with low fees on a set-it-and-forget-it, Bitcoin only, savings service at SwanBitcoin.com/guy
Learn more about your ad choices. Visit megaphone.fm/adchoices
—
Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message
Read_562 – Only the Strong Survive – Part 1 [Allen Farrington & Big Al]
“The consensus is what matters. The breakthrough of proof-of-work and the difficulty adjustment is far more about harnessing energy and existing communications infrastructure to calibrate incentives than it has to do with computation. Computation is a tool that makes the process more efficient and reliable, but Bitcoin is not itself a ‘computer.'”
We start our dive into the incredible piece from Allen Farrington & Big Al, on the complete philosophical, technical, & social case for the uncertain long term value in “Crypto” beyond Bitcoin. Starting with section 1 on the true innovation of Bitcoin, and section 2 on why “Crypto” is not actually decentralized. 2 More Parts coming later this week so don’t forget to subscribe!
Follow Allen and Big Al for some top notch twitter experience and tons of other great work. Find more of their writing by exploring the audio library at BitcoinAudible.com
Check out our amazing sponsors below that keep this show alive, and all the things made audible for your listening pleasure!
• Get sats back on everything with the Fold Card! Check them out at guyswann.com/fold for 20% off the Spin+ Card!
• And keep those sats SAFE with the BitBox02 hardware wallet. 5% off with discount code “GUY” at guyswann.com/bitbox
Learn more about your ad choices. Visit megaphone.fm/adchoices
—
Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message
Read_561 – The Village and the Strongman [Alex Gladstein]
“Sandwiched between Guatemala and Honduras, El Salvador — the smallest and most densely populated country in Central America, with an average GDP per capita of around $3,500 — is a most unlikely ground zero for a financial revolution.” – Alex Gladstein
Gladstein is back with the full story of Bitcoin and El Salvador. What it’s like on the ground, the people it all started with, the responsibility we have as a community, & the history that gives much needed perspective to the actions of the political regime. You don’t want to miss this one.
Check out the original article and tons of other incredible work by Gladstein & others at Bitcoin Magazine:
https://bitcoinmagazine.com/culture/the-polarity-of-bitcoin-in-el-salvador
Endless thanks to Bitcoin Magazine and the LTB Network for the incredible content they bring to the Bitcoin ecosystem.
Check out our amazing sponsors below that keep this show alive, and all the things made audible for your listening pleasure!
• Get sats back on everything with the Fold Card! Check them out at guyswann.com/fold for 20% off the Spin+ Card!
• And keep those sats SAFE with the BitBox02 hardware wallet. 5% off with discount code “GUY” at guyswann.com/bitbox
Learn more about your ad choices. Visit megaphone.fm/adchoices
—
Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message
Read_560 – The Schumpeterian Bitcoin Cycle [Prateek Goorha]
“Schumpeter would have loved Bitcoin. He would have seen in Bitcoin a living representation of his theory of capitalism, so often quoted but rarely understood. Creative destruction is the process by which capitalism continually rejuvenates itself. It is what drives markets forwards, constantly being refreshed with new ideas that destroy extant structures and erect better ones in their stead.” – Prateek Goorha & Andy Edstrom
Today we are digging into the evolution of the economy and the cycles of creative destruction that the most significant innovations create in the economic order. What is Bitcoin in this view, and how might these cycles map onto of the cycles within the Bitcoin system itself?
Check out the article, plus the others mentioned in today’s episode for further exploring the cycles of Bitcoin, innovation, and society:
The Schumpeterian Bitcoin Cycle:
https://goorha.medium.com/the-schumpeterian-bitcoin-cycle-e79543443bdf
Bitcoin and the Rhythms of History – By Brandon Quittem:
https://bitcoinaudible.com/bitcoin-and-the-rhythms-of-history/
Check out our amazing sponsors below that keep this show alive, and all the things made audible for your listening pleasure!
• The Fold Card will get you SATS BACK on EVERYTHING! You don’t want to miss this with the Fold debit card, and gift card selection on the Fold App. Everything you already buy, except with sats back! Check them out at guyswann.com/fold for 5,000 free sats for signing up.
• And the BitBox02 hardware wallet for keeping those sats SAFE! You need a secure, intuitive way to hold your digital money in a digital vault. That’s the BitBox02 hardware wallet. Get 5% off with discount code “GUY” at guyswann.com/bitbox
Learn more about your ad choices. Visit megaphone.fm/adchoices
—
Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message
Read_559 – The Dollar Burden & Why the US Will Adopt Bitcoin [Ansel Lindner]
“we often hear the U.S. dollar called an “exorbitant privilege.” Namely, that the U.S. benefits disproportionately from the dollar’s reserve currency status. This article will detail why the current financial system has, in fact, been a burden on the United States, why the fiat dollar system is ending and what that means for the future of Bitcoin.” – Ansel Lindner
What if the dollar fiat reserve system isn’t actually a great privilege, but is actually a burden that wears on the US success and growth? What if the best path forward to renew US growth and its importance in the global economy, was to adopt a Bitcoin standard? Don’t miss another great Bitcoin Magazine read, this one from Ansel Lindner.
Check out the original article below, plus tons of other great works at Bitcoin Magazine:
https://bitcoinmagazine.com/markets/how-bitcoin-could-replace-the-u-s-dollar
Check out our amazing sponsors below that keep this show alive, and all the things made audible for your listening pleasure!
• The Fold Card will get you SATS BACK on EVERYTHING! You don’t want to miss this with the Fold debit card, and gift card selection on the Fold App. Everything you already buy, except with sats back! Check them out at guyswann.com/fold for 5,000 free sats for signing up.
• And the BitBox02 hardware wallet for keeping those sats SAFE! You need a secure, intuitive way to hold your digital money in a digital vault. That’s the BitBox02 hardware wallet. Get 5% off with discount code “GUY” at guyswann.com/bitbox
Learn more about your ad choices. Visit megaphone.fm/adchoices
—
Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message
Read_558 – Why Bitcoin, The Full Series Audiobook [Tomer Strolight]
“For those with the curiosity to look, Bitcoin has emerged as a vast and mysterious space to explore, with treasures, dangers and untold potential. And similar to the Statue of Liberty’s beautiful but no longer true invitation, bitcoin beckons those who are tired, poor and yearning to breathe free to enter its realm and bask in the light of its gifts.” – Tomer Strolight
Why choose Bitcoin? Why Bitcoin is the new frontier. Why and how Bitcoin uses energy. Why everything that should hurt Bitcoin, only makes it stronger. Why Bitcoin is so much more than money. Why Bitcoin will end the worst heist in history, & 20 other amazing chapters in this incredible series by Tomer Strolight, covering so many different perspectives of Bitcoin. See and understand this incredible new technology from every angle imaginable, and find the answer to why Bitcoin?
Check out the full book PDF available at Swan Bitcoin below:
swanbitcoin.com/whybitcoin
Check out our amazing sponsors below that keep this show alive, and all the things made audible for your listening pleasure!
• The Fold Card will get you SATS BACK on EVERYTHING! You don’t want to miss this with the Fold debit card, and gift card selection on the Fold App. Everything you already buy, except with sats back! Check them out at guyswann.com/fold for 5,000 free sats for signing up.
• And the BitBox02 hardware wallet for keeping those sats SAFE! You need a secure, intiutive way to hold your digital money in a digital vault. That’s the BitBox02 hardware wallet. Get 5% off with discount code “GUY” at guyswann.com/bitbox
• Open an IRA with iTrustCapital to invest in Bitcoin & Physical Gold TAX-FREE. Get 1 month FREE with discount code “GUY” by going to the link below: https://rebrand.ly/guyswann
Learn more about your ad choices. Visit megaphone.fm/adchoices
—
Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message
Read_557 – The Stairway to Omnipresence [DerGigi]
“the fact that bitcoin is now legal tender in a country is absolutely astonishing. Yesterday, some nerds discovered a system that allows magic internet money to emerge by sending messages back and forth. Today, a country decided to adopt this system as their currency” – DerGigi
Today we cover an excellent little piece from DerGigi that takes a step back and puts the news of legal tender in El Salvador into perspective. This isn’t just another bullet point, this is a key step in the realization of a global, open monetary system. This is a major more toward a Bitcoin Standard. Listen to find out more.
Check out all the incredible work by DerGigi and follow him at DerGigi.com:
https://dergigi.com/2021/09/09/moving-towards-a-bitcoin-standard/
Plus the threads covered in the Guy’s Take from BitcoinBeach linked below:
https://twitter.com/Bitcoinbeach/status/1434520062208118785?s=20
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
Learn more about your ad choices. Visit megaphone.fm/adchoices
—
Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message
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
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
Learn more about your ad choices. Visit megaphone.fm/adchoices
—
Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message
Shitcoin Insider Chat_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)
Host Links
Guy on Nostr (Link: http://tinyurl.com/2xc96ney)
Guy on X (Link: https://twitter.com/theguyswann)
Guy on Instagram (Link: https://www.instagram.com/theguyswann)
Guy on TikTok (Link: https://www.tiktok.com/@theguyswann)
Guy on YouTube (Link: https://www.youtube.com/@theguyswann)
Bitcoin Audible on X (Link: https://twitter.com/BitcoinAudible)
The Guy Swann Network Broadcast Room on Keet (Link: https://tinyurl.com/3na6v839)
Check out our awesome sponsors!
Fold: The best way to buy, use, and earn #Bitcoin on everything you do! Sats back on your debit card, gift cards, auto-buys, round-ups, you name it. Fold is the true bitcoiner’s banking. Get 20K sats for FREE using referral code bitcoinaudible.com/fold
Ready for best-in-class self custody?
Get the Jade here and use discount code ‘GUY’ to get 10% off (Link: bitcoinaudible.com/jade)
Trying to BUY BITCOIN?
River, secure, trusted, bitcoin only, lightning enabled, simple. (Link: https://bitcoinaudible.com/river)
Bitcoin Games!
Get 10% off the best Bitcoin board game in the world, HODLUP! Or any of the other great games from the Free Market Kids! Use code GUY10 at checkout for 10% off your cart! (Link: https://www.freemarketkids.com/collections/games-1)
Bitcoin Custodial Multisig
Want to get into Bitcoin but not ready for self custody? Use custodial multisig for the best way to distribute trust across multiple institutions and even jurisdictions! Check out OnRamp. (Link: BitcoinAudible.com/onramp)
Education & HomeSchooling
Get the lesson in real economics that you never got in school, and teach your kids the truth, not the statist insanity that is Keynesianism. Liberty Classroom is the invaluable resource you are looking for! (Link: BitcoinAudible.com/Liberty)
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
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
Learn more about your ad choices. Visit megaphone.fm/adchoices
—
Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message
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
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
Learn more about your ad choices. Visit megaphone.fm/adchoices
—
Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message
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!
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
—
Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message
