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_048 – 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!
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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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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Read_538 – Fighting Monetary Colonialism with Open Source Code [Alex Gladstein]
“Monetary repression continues to be hidden, and not spoken of in polite circles. The reality today for the 182 million people living in CFA nations is that while they may be politically independent in name, their economies and money are still under colonial rule, and foreign powers still abuse and prolong that relationship to squeeze and exploit as much value from their societies and geographies as possible.” – Alex Gladstein
Another tour de force from Gladstein, this time breaking down the dirty details of the oppressive CFA monetary regime used, much like the petrodollar, to control and consume resources from foreign nations into French coffers. A common story in monetary systems, it’s used as a tool for power, privilege, & political control. Hear the stories on the ground of those who saw this colonialism, and how they hope to stop it. Another from the irreplaceable publication of BitcoinMagazine.
Check out the original and other great pieces from Bitcoin Magazine below:
https://bitcoinmagazine.com/culture/bitcoin-a-currency-of-decolonization
Search for the many other pieces by Gladstein in the Bitcoin Audible Library:
https://BitcoinAudible.com
Follow the amazing people discussed and mentioned in this piece:
https://twitter.com/Farida_N
https://twitter.com/diopfode
https://twitter.com/fpigeaud
https://twitter.com/nssylla
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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Read_536 – Bitcoin Information Theory B.I.T [Aaron Segal]
“A deflationary monetary system of absolute hard money acts as a mirror for value creation. It is a compass to guide us toward a better economic path.” – Aaron Segal
From Bitcoin Magazine, we hit a fantastic piece on the nature of money as a tool for reducing informational entropy. Why a finite supply money, is ultimately the most pure form of money able to translate technological innovation into decreased uncertainty in an economic system. Don’t miss Segal’s “Bitcoin Information Theory”
Check out the original and other great pieces at Bitcoin Magazine:
https://bitcoinmagazine.com/culture/bitcoin-information-theory-bit
The other excellent pieces mentioned that dig further into this topic, the ideas of pricing in an economy, & why our system has been skewed to strip the economic machine of growth and productivity:
“The Capital Strip Mine” by Allen Farringtion:
https://bitcoinaudible.com/the-capital-strip-mine/
“The Use of Knowledge in Society” by F.A. Hayek:
https://bitcoinaudible.com/hayeks-use-of-knowledge-in-society-part-1-2/
And 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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Read_535 – Analyzing Bitcoin’s Network Effect [Lyn Alden]
“A network effect is an attribute of a company or other system such that as more people use the network, the network becomes exponentially more valuable for each user. It’s one of the strongest economic moats that a system can have against competitors.” – Lyn Alden
Another excellent piece today from the newsletter of Lyn Alden, making sense of network effects, what they are & how fundamental they are to success. Breaking down the network effects of Bitcoin and the state of the ecosystem and institutional adoption. And lastly its comparison to the rest of the “Crypto” industry and where we can or cannot compare them.
Analyzing Bitcoin’s Network Effect:
https://www.lynalden.com/bitcoins-network-effect/
For the Ray Youssef panel mentioned, Bitcoin 2021: Onboarding One Billion Bitcoiners
https://www.youtube.com/watch?v=MfvLz81EVhI
And our lovely sponsors who make Bitcoin Audible possible:
ShiftCrypto with the BitBox02 hardware wallet for sovereignty, simplicity, & security of your Bitcoin keys. Get 5% off with discount code “GUY”
SwanBitcoin.com for your automatic, no hassle, & low cost Bitcoin savings plan. Set it once and it never stops stacking for your future self! $10 free sats for signing up at my ref link.
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Read_534 – Bitcoin Mining & the Case for More Energy [Caulfield & Lindstrom]
“All this to say, there is no optimistic version of the future in which humanity does not use significantly more energy than it does today.” – Hodl’n Caulfield & Selene Lindstrom
What is the connection between Bitcoin, human prosperity, and the fundamental process of commanding energy to solve our problems? Bitcoin isn’t just a monetary and financial solution, its also revolutionary in the simple fact that it replaces a problem of violence and authority, merely through the burning of energy. How could we make the case that not only should we not scorn this amazing feat, but that we should want far more energy used by the system, to protect far more people around the world from systemic corruption of money?
Check out the original and drop some crazy applause on this one on medium:
https://bitcoinandenergy.medium.com/bitcoin-mining-and-the-case-for-more-energy-90094ce25fac
Don’t forget to follow the authors on Twitter for more of their future work:
https://twitter.com/stackerintherye
https://twitter.com/selenelindstr6
And a shout out to our amazing sponsors to the show:
ShiftCrypto with the BitBox02 hardware wallet for sovereignty, simplicity, & security of your Bitcoin keys. Get 5% off with discount code “GUY”
SwanBitcoin.com for your automatic, no hassle, & low cost Bitcoin savings plan. Set it once and it never stops stacking for your future self! $10 free sats for signing up at my ref link.
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Read_533 – Guy’s Take on the “Why Bitcoin Series, Part 1”
Completely left the intro and guy’s take section out of the publishing for last week’s episode, so figured I would drop it just for those who might like to listen. No ads or any breaks for this one since I screwed up, lol.
Enjoy
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