Read_533 – Why Bitcoin, The Series – Part 1 [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.” – Tomer Strolight
Going through the incredible short, but profound pieces in the Why Bitcoin series by Tomer Strolight. An incredible walk through the many fundamental characteristics of Bitcoin. Why should we choose it, why is it backed by physics, why does its buying power keep rising, why is it the new frontier, and more in this first episode. Don’t miss it!
For more digging into what happened in El Salvador and what the legal tender dstatus means, check out the awesome SSL podcast we did with Tomer, Alex Gladstein, Brady Swenson, & myself earlier today. Careful not to get too bullish:
https://www.youtube.com/watch?v=p_WC-AU8df8
Then for diving deeper into Proof of Work, check out the great pieces by Hugo Nguyen mentioned in the commentary:
Anatomy of Proof of Work:
https://bitcoinaudible.com/anatomy-of-proof-of-work-part-1/
Bitcoin, Chance & Randomness:
https://bitcoinaudible.com/bitcoin-chance-and-randomness-part-2/
ShiftCrypto with the BitBox02 hardware wallet for the secure, safe ship for sailing the open seas to this new frontier!
And SwanBitcoin.com for the strong sails pointed in the right direction. Toward a sovereign future, auto stacking & DCA into Bitcoin
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Bitcoin Law – The El Salvador Legal Tender Bill
I may have gotten ahead of myself but the vote is happening right now in El Salvador’s Congress. It’s being discussed and read on the floor & in order to get this out as quickly as possible, we have the reading of the “Bitcoin Law” proposed and soon voted on in El Salvador.
Enjoy.
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Guy’s Take_047 – Legal Tender… And So It Begins
If you haven’t seen it, don’t miss out on this moment in history. Jack Mallers’ announcement and speech at Bitcoin2021 on the massive moves they are making with Strike, the infrastructure being built in the developing world, & the move by the President of El Salvador to make Bitcoin a legal Tender within the country and make it part of the national strategy to bring financial inclusion, monetary independence, and an infrastructure that will take them into the future with Bitcoin. This is the beginning of some massive.
Don’t miss today’s episode and the link below to dig more into this incredible development.
Jack Mallers at Bitcoin 2021:
https://www.youtube.com/watch?v=_59hrgTiRJU
Tweets related to this news & read on this episode:
https://twitter.com/WilliamSorianoH/status/1401737638290280452?s=20
https://twitter.com/nayibbukele/status/1401955382533165062?s=20
https://twitter.com/nayibbukele/status/1401622548396314631?s=20
https://twitter.com/nayibbukele/status/1401335885497524226?s=20
https://twitter.com/carlitosrejala/status/1401712725886132224?s=20
https://www.thestreet.com/crypto/bitcoin/panama-may-join-el-salvador-and-paraguay-in-bitcoin-adoption
https://twitter.com/gabrielsilva8_7/status/1401965129051389958?s=20
https://twitter.com/FabioOstermann/status/1401988499893587968?s=20
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_532 – The Humanitarian & Environmental Case for Bitcoin [Alex Gladstein]
“If there is ever competition for the energy that the Bitcoin miners are buying, the miners turn off their machines, perhaps to turn them back on later in a real-time response to grid loads. This relationship is poorly understood by many, leading to a popular but incorrect assumption that Bitcoin is “wasting” energy that could be used for other projects.” – Alex Gladstein
Another amazing piece from Gladstein, this time breaking down the incentives and elements of Bitcoin and Bitcoin mining that has the potential to transform the developing world’s capacity for capital accumulation, sustainable economic activity, & bootstrapping of renewable energy production and expansion of the much needed electrification. Don’t miss this piece!
Check out the original and Gladstein’s other incredible work below:
https://bitcoinmagazine.com/culture/bitcoin-is-humanitarian-and-environmental
A big thanks to BitcoinMagazine and the LTBNetwork for the invaluable & dedicated resource they have been to the Bitcoin community for so many years.
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_531 – Why Anthropologists are More Interested in Bitcoin than Economists [Mick Morucci]
“At the core of economists’ fallacy is the belief that money is money by decree (because the state and its expert economists say so), which means they don’t fully recognise the power held by people’s collective decisions.” – Mick Morucci
A Bitcoin Magazine read today on why it is that the modern anthropologist may actually have a better grasp of Bitcoin and its incredible potential, than the mainstream economist does. A fascinating perspective from Anthropologist & economist Mick Morucci, on the unique insight he brings from 2 different disciplines.
Check out the original at the link below:
https://bitcoinmagazine.com/culture/anthropologists-are-interested-in-bitcoin
Wired For Story:
https://www.amazon.com/Wired-Story-Writers-Science-Sentence/dp/1607742454/ref=pd_rhf_gw_p_t_1_FMXR
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_530 – Privacy, Fungibility, Anonymity [nopara73]
“Technologies of anonymous communication, anonymous currency, and reputation systems have been invented. They cannot be un-invented. These are all the ingredients needed to build a circular economy with strong privacy in cyber-space” – NoPara73
Today we dive back into some of the most important concepts in Bitcoin, and some of the fundamental goals Bitcoin was created to facilitate. Privacy, Fungibility, & anonymity. What are they, how do they relate to each other, and what can we do to preserve them within the Bitcoin system?
Check out the original article and drop some epic applause on this piece on medium!
https://nopara73.medium.com/privacy-fungibility-anonymity-451d029355f7
Follow nopara73 on Twitter:
https://twitter.com/nopara73
An excellent discussion of the importance of privacy in today’s world with Glenn Greenwald:
https://www.youtube.com/watch?v=pcSlowAhvUk
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 – PART 2: The Inflation/Deflation Debate [Lyn Alden]
“deflation is the natural order of a productive economy. If we were using a hard money standard like gold, for example, we would expect products to get cheaper over time relative to the value of our golden money, thanks to technological and productivity improvements over time, which make them cheaper relative to the number of labor hours required to produce them.” – Lyn Alden
Concluding the amazing breakdown of the current macroeconomic conditions of the dollar, how much money is actually being injected into the system, and what inflationary/deflationary forces are at play to make sense of what out monetary future holds.
Don’t forget to check out the original to dig deeper down the rabbit hole on these topics & follow Lyn’s incredible blog:
https://www.lynalden.com/quantitative-easing-mmt-inflation/
Other of Lyn’s great work from the show:
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 – 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_046 – 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
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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