Read_529 – QE, MMT, Inflation & Deflation – Part 1 [Lyn Alden]
“Quantitative easing (QE) occurs when central banks, such as the U.S. Federal Reserve, create new money to buy government bonds or other securities. Some people fear that it will cause high inflation or even hyper-inflation and that it is essentially money-printing, while others suggest that it has no impact on inflation because the money that is newly-created or “printed” gets locked away… Based on history and math, the inflationary side of the argument is eventually correct, but with a lot of nuance along the way.” – Lyn Alden
Another amazing piece from Lyn Alden breaking down & “steel manning” the concepts of QE & MMT. How they claim to work in theory and when they are/are not “money printing” and what their major failures are. This is a great one for making sense of the macroeconomic situation and trying to wrap your head around some of these very vague and often purposefully obscure concepts around monetary policy to get down to the truth behind what’s happening.
Check out the charts and other great links to dig deeper down the rabbit hole on these topics, or get a head start on tomorrows Part 2:
https://www.lynalden.com/quantitative-easing-mmt-inflation/
7 Misconceptions About Bitcoin:
https://bitcoinaudible.com/7-misconceptions-about-bitcoin/
The Fraying of the Petrodollar System Part 1 & 2:
https://bitcoinaudible.com/the-fraying-of-the-petrodollar-system-part-1/
https://bitcoinaudible.com/the-fraying-of-the-petrodollar-system-part-2/
Big thanks to our sponsors!
ShiftCrypto for the secure, open source BitBox02 hardware wallet and other great tools for securing your Bitcoin keys and backups
SwanBitcoin.com for the automatic, no hassle, no selling, set it and forget it Bitcoin savings plan.
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Read_529 – Orange is the New Green [Knut Svanholm]
“Money condenses energy. Bitcoin is the first and only tool we have for converting electric energy to monetary energy. Now what does this do to the energy market?” – Knut Svanholm
Amidst all the craziness around the Bitcoin & energy debate, its time to visit another great piece by returning author Knut Svnaholm of “Sovereignty Through Mathematics” and the amazing Citadel21 Magazine! A piece not only on the energy dynamic of Bitcoin, but also the waste and economic destruction caused by the central banking system. Listen to find out in today’s read.
Check out the original and the other great pieces on Citadel 21 at the link below:
https://www.citadel21.com/orange-is-the-new-green
Mentioned in the show was the amazing piece from Hayek “The Use of Knowledge in Society”:
https://bitcoinaudible.com/hayeks-use-of-knowledge-in-society-part-1-2/
Thanks so much to our sponsors who make this show possible:
ShiftCrypto for the secure, open source BitBox02 hardware wallet and other great tools for securing your Bitcoin keys and backups
SwanBitcoin.com for the automatic, no hassle, no selling, set it and forget it Bitcoin savings plan.
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Guy’s Take #46 – Bitcoin is Dead… Again
The price took a near 30% dump today. So let’s talk about it.
A short episode today while I take care of my pup. Have you been distraught with the current price swings? That only means you are doing something wrong, or you don’t yet understand what you are buying into. Conviction comes with experience & knowledge. Today you gain experience, Bitcoin Audible will help you with your knowledge
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Read_528 – Bitcoin is a Trojan Horse for Freedom [Alex Gladstein]
“Their goals were to separate money from governments and corporations, check the growth of the global surveillance state, and preserve human rights in an increasingly digital age. Satoshi Nakamoto’s greatest trick was to animate these aspirations into something that looks like and functions as digital gold.” – Alex Gladstein
Another brilliant piece from Gladstein on why the Number Go Up technology is just the facade on the Freedom Go Up foundation of Bitcoin. As corporations, banks, & even governments adopt Bitcoin out of their own self-interest, they will unknowingly be stripping themselves of the asymmetry of power they currently hold over money. By transforming greed into freedom, Bitcoin will liberate the world.
Bitcoin is a Trojan horse For Freedom:
https://bitcoinmagazine.com/culture/bitcoin-is-a-trojan-horse-for-freedom
A big thanks to our awesome sponsors & partners:
Bitcoin Magazine for their amazing content and sharing Bitcoin Audible on the LTBNetwork
ShiftCrypto for the secure, open source BitBox02 hardware wallet and other great tools for securing your Bitcoin keys and backups
SwanBitcoin.com for the automatic, no hassle, no selling, set it and forget it Bitcoin savings plan.
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Read_527 – Why Layer 2 & Sidechains Will Do All the Things!! [cAPSLOCK]
“In my lifetime I have seen many technologies emerge. The Internet. Pocket super computers. Digital music. And the old guard fought it, tried to capture it, and eventually learned to live in harmony with it in each case. The smart ones have even started to make money again in spite of it. One thing I have seen over and over is technology will find a way.” – cAPSLOCK
How we fail as humans to recognize new patterns, and constantly project old, outdated models onto truly unique things which allows us to so badly misunderstand or hide the best path forward from ourselves. Bitcoin doesn’t care about our narratives, and Bitcoin will do ALL THE THINGS!
Don’t miss an awesome post from cAPSLOCK, link below to explore further:
https://bitcointalk.org/index.php?topic=178336.msg56754513
Check out this awesome tool mentioned in the post:
https://coinos.io/home
Don’t forget to get your BitBox02 with discount code “GUY” for 5% off at guyswann.com/bitbox
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Read_526 – Check Your Financial Privilege [Alex Gladstein]
“only 13% of our planet’s population is born into the dollar, euro, Japanese yen, British pound, Australian dollar, Canadian dollar or Swiss Franc. The other 87% are born into autocracy or considerably less trustworthy currencies. 4.3 billion people live under authoritarianism, and 1.2 billion people live under double- or triple-digit inflation.” – Alex Gladstein
Another brilliant piece from Alex Gladstein and Bitcoin Magazine, this one on the incredible privilege of those inside the dollar bubble, looking out and claiming Bitcoin is useless or is bad for the world. They stand like hypocrites living without any of the problems that Bitcoin is specifically designed to fix, and is fixing. Three stories of those who live and experience the *real* world, give us a very different view of Bitcoin, & why it is critical for all of our futures that we stand behind it and see it succeed.
A thanks to @RD_btc for the donation that boosted this right to the top of the list. I hope I did you proud!
Check Your Financial Privilege:
https://bitcoinmagazine.com/culture/check-your-financial-privilege
A massive thanks to the incredible output and work coming from Bitcoin Magazine. They are a resource like now other for publishing and spread this content as far as possible.
Don’t forget to get your BitBox02 with discount code “GUY” for 5% off at guyswann.com/bitbox
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Read_525 – One Does Not Simply Censor Bitcoin [Grubles]
“How does anyone censor something abstract and intangible; something that can consist of an arrangement of numbers and letters, and can be transported via any medium? What do you do? Ban pen and paper? Phone calls and the spoken word? Smoke signals? Morse code? To what end?” – Grubles
Are you hoping to censor Bitcoin? To stop people from transacting, or to prevent Bitcoin from being useable inside your country. Good luck, Bitcoin was built for just such a scenario. You certainly have a task ahead of you.
A great piece today from Grubles on why its not quite the easiest of tasks to censor Bitcoin:
https://notgrubles.medium.com/one-does-not-simply-censor-bitcoin-89dc4a32ba2b
Don’t forget to get your BitBox02 with discount code “GUY” for 5% off at guyswann.com/bitbox
You should already be stacking, but take the work out of it by do it automatically with Swanbitcoin.com/guy (free sats to start your plan)
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Read_524 – The 7 Primal Elements of Bitcoin [Paulo Sacramento]
“one of the main reasons for Bitcoin’s success is something that resonates with us as humans on a much deeper level: the primal elements of its brand, which when combined, turn it into a belief system.” – Paulo Sacramento
Today we go deeper than the technical aspects of Bitcoin, less about the code and innovation itself, & more about the human element. What is it about Bitcoin that connects it to the primal elements inside us? What makes Bitcoin not a mere technology, but an ideology? And what can it tell us about Bitcoin’s long term staying power?
The Seven Primal Elements of the Bitcoin Brand:
https://bitcoinmagazine.com/culture/the-seven-primal-elements-of-bitcoin
Mentioned in the episode to explore the topic further:
Sally Hogshead, Fascinate
The Cryptoconomy Holiday Calendar
Don’t forget to get your BitBox02 with discount code “GUY” for 5% off at guyswann.com/bitbox
You should already be stacking, but take the work out of it by do it automatically with Swanbitcoin.com/guy (free sats to start your plan)
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Guy’s Take #45 – A Mental Framework for Scaling
No matter how often we cover these ideas, it still seems astonishingly common for new people to fall into the same old fallacies and the same misguided thinking. In this episode I try to cover all the major problems with the “raise the blocksize” mentality, and why its thinking incorrectly about what the system even provides, and most importantly how it provides it.
We cover 7-9 key points and ways to think about scaling, the Bitcoin network, & what the future of it might be given enough time. Bitcoin is the tortoise, not the hare. And the problem isn’t about building a VISA competitor, its about building a state-proof monetary base. Lets jump in!
Don’t forget to get your BitBox02 with discount code “GUY” for 5% off at guyswann.com/bitbox
You should already be stacking, but take the work out of it by do it automatically with Swanbitcoin.com/guy (free sats to start your plan)
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Read_523 – Fiat, Fascism, & Communism [Aleks Svetski]
“Bitcoin’s security guarantee comes from the direct conversion of unforgeable energy into a fixed supply unit on an incorruptible monetary network. There is no alternative that exists that is more sound, efficient, effective and rooted in the physical laws of the very universe itself.” – Aleks Svetski
What is the true nature of our government systems and what are the consequences of collectivism. These are not only fundamental questions to understanding the problems of society today, but their exploration also enlightens how these very fallacies & failed systems are propped up by the nature of fiat money itself.
For the original article with lots of links and graphics to expand on the discussion, check out the link below:
https://svetski.medium.com/fiat-fascism-and-communism-d185e66733b
Other great works mentioned in this episode to dig further into these ideas:
Anatomy of the State [Rothbard]:
Part 1 – https://bitcoinaudible.com/anatomy-of-the-state-part-1/
Part 2 – https://bitcoinaudible.com/anatomy-of-the-state-part-2/
The Use of Knowledge in Society [Hayek]:
Part 1 – https://bitcoinaudible.com/hayeks-use-of-knowledge-in-society-part-1-2/
Part 2 – https://bitcoinaudible.com/use-of-knowledge-in-society-part-2/
Guy’s Take #36 – Walking Tall:
https://bitcoinaudible.com/guys-take-36-walking-tall/
It Starts With Food
Don’t forget to get your BitBox02 with discount code “GUY” for 5% off at guyswann.com/bitbox
You should already be stacking, but take the work out of it by do it automatically with Swanbitcoin.com/guy (free sats to start your plan)
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Read_522 – The Hidden Costs of the Petrodollar System [Alex Gladstein]
“It is truly impossible for the petrodollar system to be green when it is based on black gold.” – Alex Gladstein
Today we have another brilliant piece by Alex Galdstein, published on Bitcoin Magazine about the Petrodollar system, how it came about, why it has stuck around, & the horrible costs of maintaining it that so few are willing to acknowledge.
Check out the original at the link below plus so many other great works at Bitcoin Magazine:
https://bitcoinmagazine.com/culture/the-hidden-costs-of-the-petrodollar
Don’t forget to get your BitBox02 with discount code “GUY” for 5% off at guyswann.com/bitbox
You should already be stacking, but take the work out of it by do it automatically with Swanbitcoin.com/guy (free sats to start your plan)
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Read_521 – You Are Not Prepared [Knut Svanholm]
Hyperbitcoinization is defined by the Nakamoto institute as “a voluntary transition from an inferior currency to a superior one, and its adoption is a series of individual acts of entrepreneurship rather than a single monopolist that games the system.” – Knut Svanholm
The FOMO is going to be out of this world, & both the knowledge and networks you build prior to the flood, will be endlessly valuable when or if that time comes. Both due to the nature of Bitcoin’s supply, & amplified by the disaster & potential collapse of the fiat financial system, hyperbitcoinization could be much closer than we think. Are you prepared?
Check out the amazing Citadel21 publication and all the incredible work they put out at the link below:
https://www.citadel21.com/you-are-not-prepared
Don’t forget to get your BitBox02 with discount code “GUY” for 5% off at guyswann.com/bitbox
You should already be stacking, but take the work out of it by do it automatically with Swanbitcoin.com/guy (free sats to start your plan)
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