Read_520 – The Last Days of Satoshi [Pete Rizzo]
“To be sure, by the waning days of 2010, Satoshi Nakamoto was still acknowledged for inventing Bitcoin, and was respected for growing the world’s first decentralized digital currency into a $1 million market. But as frustrations with his authority and availability built, it became all too common for users to decry Satoshi the admin[X], Satoshi the bottleneck[X], Satoshi the dictator[X].” – Pete Rizzo
Dont miss another incredible journey through Bitcoin’s history by Pete Rizzo, in honor of the anniversary of Satoshi’s disappearance in just a few days. What did people think of Satoshi, what really happened in the transition from Satoshi to Gavin, and what critical moments in Bitcoin history, may have led to the disappearance of its mysterious creator? A must read/listen.
Check out the full article and incredible list of citations for further digging at BitcoinMagazine.com below:
https://bitcoinmagazine.com/technical/what-happened-when-bitcoin-creator-satoshi-nakamoto-disappeared
A huge thanks to Bitcoin Magazine for their always amazing content!
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_519 – The Key to an Abundant, Clean Energy Future [Square & ARKinvest]
“Bitcoin miners are unique energy buyers in that they offer highly flexible and easily interruptible load, provide payout in a globally liquid cryptocurrency, and are completely location agnostic, requiring only an internet connection. These combined qualities constitute an extraordinary asset, an energy buyer of last resort that can be turned on or off at a moment’s notice anywhere in the world.” – Square & ARKinvest
The “Bitcoin destroys the environment” argument is over for anyone who hasn’t lost the ability to think clearly. A new paper from Square and their clean energy initiative and how Bitcoin mining will change everything.
For the full paper and links to further breakdown and discussion on the topic, check out the source below:
https://assets.ctfassets.net/2d5q1td6cyxq/2D2BnksJjavw4a6SUvAPwZ/c42a9e3a520b0cc3b230cda3b43eead5/BCEI_White_Paper_.pdf
Don’t forget to get your keys safely in your own possession, with a secure, open source hardware wallet, the BitBox02!
And stack automatically, withdrawing for free to your BitBox, using the best auto-DCA service in the biz, SwanBitcoin.com/guy
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Read_518 – Two Taproot Activation Clients! [Aaron Van Wirdum]
“discussion about Taproot activation turned out to be a long and sometimes heated debate. Now, it has resulted in two different Taproot activation paths, embedded in two main software clients that could in some scenarios even become incompatible with one another.” – Aaron Van Wirdum
With a short introduction to taproot and all the mess around the True/False activation dilemma, we cover another great piece from Aaron Van Wirdum at BitcoinMagazine breaking down why we have 2 different clients, what the conflict is exactly and what it might mean for Bitcoin over the next year.
Check out the full article below, with lots of links to other works and source for further digging:
https://bitcoinmagazine.com/technical/there-are-now-two-taproot-activation-clients-heres-why
For the previous episode discussing the True/False dilemma in detail, here is Aaron’s previous article covering the debate:
https://bitcoinaudible.com/lot-true-or-false-the-last-hurdle-for-taproot/
Our amazing sponsors below:
In the worst case of a fork, all you need to do is be holding your own keys! Use the BitBox02 hardware wallet, and you’ll be protected. (guyswann.com/bitbox discount code GUY for 5% off)
And if you aren’t automatically stacking sats, you’re doing it wrong. The best, simplest savings plan is with Swan Bitcoin. Automatic, low fees, a no brainer for a real bitcoiner. (swanbitcoin.com/guy gets you some FREE sats to start off)
A huge thank you to Bitcoin Magazine for always being such a reliable and fascinating source of news and thought in this space! They and the LTBnetwork are an unmatched resource.
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Read_517 – Len Sassaman & Satoshi, A Cypherpunk History [Evan h]
“Embedded on every single node of the Bitcoin network is an obituary. Hacked into the transaction data, it’s a memorial to Len Sassaman, a man essentially immortalized in the blockchain itself. A fitting tribute in more ways than one.’ – Evan h
In the never ending search for Satoshi, there is the opportunity to find the unsung heroes of the cypherpunks. those who are lesser known, but made a monumental impact on the cypherpunk movement and helped in laying the critical pieces that made Bitcoin possible. Who was Len Sassaman? Is there evidence that he could have been the man behind the Satoshi pseudonym? And why did we lose him so early?
All this in more in this amazing piece from Evan h:
Len Sassaman and Satoshi: A Cypherpunk History
https://leung-btc.medium.com/len-sassaman-and-satoshi-e483c85c2b10
Check out our amazing sponsors and their awesome products for getting an entry into Bitcoin and securing your keys:
SwanBitcoin provides not only the automatic Bitcoin savings plan, but an institutional and high-net worth service at Swanbitcoin.com/private to assist with everything around custodying, managing, and getting allocated to Bitcoin.
Then for securing your keys as securely as possible with an intuitive and simple cold storage device, check out the BitBox02 hardware wallet from Shiftcrypto plus other great backup and security tools available on their shop.
Find both of our amazing sponsors at Guyswann.com
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Chat #60 – Strong Foundations in an Unstable Era, with Cory Tucek
A walk through Bitcoin history, the chaos of the early days, the blocksize war, working in film, financial catastrophes, the great reset, the breakdown of collective trust, hyperinflation, & the principles that Bitcoin embodies – all covered in today’s chat with the Bitcoin Made Simple podcast host, Cory Tucek. I had a great time with this one and I think you guys will love it. Don’t miss Chat #60 – Strong Foundations in an Unstable Era
Check out the Bitcoin Made Simple Podcast for more from Cory at the link below:
https://anchor.fm/bitcoinmadesimple/episodes/BMS-011-Dan-Held-danheld-Interview-eur2h9
And of course don’t miss our incredible sponsors! SwanBitcoin.com for your automatic, no hassle savings plan, & ShiftCrypto with the BitBox02 hardware wallet, for simple, secure, open source Bitcoin storage
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Read_516 – Conclusion of the Long-Term Debt Cycle [Dylan Leclair]
“Human civilization is at an inflection point. Inflationary monetary policy against the backdrop of technological deflation means either that ever more power will become concentrated in the hands of the state, or that one by one, individuals will voluntarily opt into and adopt a superior monetary system, the rules of which cannot be arbitrarily changed.” – Dylan Leclair
We are at the precipice of the greatest change in our monetary system in nearly the past century. The long term debt cycle is in its endgame. What has led us here, and what future does Bitcoin make possible with its emergence coinciding with the conclusion of the legacy monetary regime. Taking a deeo dive on this topic with this new article at Bitcoin Magazine, written by Dylan Leclair.
For other great episodes to explore and dig deeper into the relevant ideas, here are a few mentioned during the show:
Utopian Dystopias (by Aleks Svetski)
https://anchor.fm/thecryptoconomy/episodes/Read_515—Utopian-Dystopias-Alek-Svetski-eupes1
Fraying of the Petrodollar System (by Lyn Alden)
Part 1 – https://bitcoinaudible.com/the-fraying-of-the-petrodollar-system-part-1/
Part 2 – https://bitcoinaudible.com/the-fraying-of-the-petrodollar-system-part-2/
Check out the huge set of charts & statistics that demonstrate the massive long term debt cycle, and at what point we find ourselves in:
https://bitcoinmagazine.com/markets/the-conclusion-of-the-long-term-debt-cycle-and-the-rise-of-bitcoin
Becoming a Bitcoiner is a process, one of decisions, and proper incentives:
The first step is to start stacking, your future self will love you for it – Swan Bitcoin (swanbitcoin.com/guy)
The second step is to take responsibility of your keys, simply and securely – BitBox02 (guyswann.com/bitbox)
From there listen to every episode of BitcoinAudible or search the Library for your favorites. Then get back to me
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Read_515 – Utopian Dystopias [Alek Svetski]
“Bitcoin is the alpha-omega of private property and voluntary exchange. It lowers the cost of defence whilst increasing the cost of attack. As such it is the central tool in helping us get beyond the great filter.” – Aleks Svetski
In tying together and expanding on the ideas touched on in yesterday’s episode, on responsibility and freedom, we dive deep with Alek’s piece from the Bitcoin Times Ed 3 on the nature of decision making, the fundamental truths of the world, & how we can deduce a harmonious path for the future. Bitcoin codifies the critical principles necessary for proper evolution of society. Let’s find out why.
Don’t forget to check out the original and drop some massive applause, plus the other many great works from The Bitcoin Times:
https://medium.com/the-bitcoin-times/utopian-dystopias-e0a0e9868bdc
Another episode we’ve done discussing some related concepts and the nature of rights and how Bitcoin defends them is Guy’s Take #32:
Rights, Incentives & the Bitcoin System
https://bitcoinaudible.com/?p=4800
Becoming a Bitcoiner is a process, one of decisions, and proper incentives:
The first step is to start stacking, your future self will love you for it – Swan Bitcoin (swanbitcoin.com/guy)
The second step is to take responsibility of your keys, simply and securely – BitBox02 (guyswann.com/bitbox)
From there listen to every episode of BitcoinAudible or search the Library for your favorites. Then get back to me
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Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message
Read_514 – The Responsibility of Adopting Bitcoin [DerGigi]
“The whole idea of Bitcoin is to remove intermediaries from the equation. Trusted third parties are security holes, and unless we want to repeat past mistakes, it is our collective responsibility to eliminate these security holes wherever and whenever we can.” – DerGigi
Bitcoin changes us in ways that are hard to articulate. It’s a level of personal responsibility, when you make that journey to the great depths of the rabbit hole, that is hard to understand without making the journey yourself. Responsibility isn’t merely something that could lead to more freedom, it’s axiomatic to freedom & sovereignty itself. It’s impossible to have the latter, without conquering the former.
Don’t miss today’s brief but excellent read from DerGigi, on the nature of responsibility and what it means in Bitcoin!
The Responsibility of Adopting Bitcoin:
https://dergigi.com/2021/03/14/the-responsibility-of-adopting-bitcoin/
The first step is to start stacking, take responsibility of your savings and your future – Swan Bitcoin (swanbitcoin.com/guy)
The second step is to take responsibility of your keys, you own your coins, they aren’t someone else’s IOU – BitBox02 (guyswann.com/bitbox)
The final step is to run your own node, and define what Bitcoin is for yourself.
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Guy’s Take #44 – Bitcoin is Not What you Think it is
• Money is not what you think it is
• Great societies are a result of great money
• Money is more foundational than language
• Prices are not arbitrary
• The nature of time
• Money is a tool of information
• Proof of work in ancient history
…And so much more in today’s Guy’s Take!
The many recommended works to dig deeper:
Wittgenstein’s Money
https://bitcoinaudible.com/?p=5659
I, Pencil
https://bitcoinaudible.com/?p=1668
Applying Economics to American History (Tom Woods)
https://www.youtube.com/watch?v=m-LJ3wZjD4I&t=0s
Shelling Out: The Origins of Money
https://bitcoinaudible.com/?p=3531
The Island of Stone Money
https://bitcoinaudible.com/?p=3069
Bitcoin is Time
https://bitcoinaudible.com/?p=5837
On Network Effects, Shelling Points, & Lindy
https://bitcoinaudible.com/?p=4504
Don’t forget our glorious sponsors:
Makes your 401K look like a joke – Swan Bitcoin (swanbitcoin.com/guy)
The “Love your keys” secure, open source hardware wallet – BitBox02 (guyswann.com/bitbox)
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Read_513 – Noahbjectivity on Bitcoin Mining [Nic Carter]
“…And we’re just considering two sources of nonrival energy: clean energy curtailment in China, and vented/flared gas in the U.S. There are many other sources of stranded and nonrival energy sources globally. Suffice to say, there’s enough nonrival energy out there to run Bitcoin many times over. It’s just a matter of deploying hashrate in the right locations, which miners are doing — aggressively.” – Nic Carter
We have another great piece on the energy debate around Bitcoin, this time responding to a Bloomberg article by Noah Smith, but this time with a little twist. It’s not so much about the environmental problem, but the economics and problems of the energy cost of the system, its explosive rise during bull markets, and how this threatens alternative uses, increases costs, and takes precious resources away from chip foundries producing much needed smartphones and computer processors. Is there anything to this criticism? Nic Carter responds in today’s article:
Noahbjectivity on Bitcoin Mining:
https://medium.com/@nic__carter/noahbjectivity-on-bitcoin-mining-2052226310cb
The first article in question – “Bitcoin Miners are on a Path to Self-destruction”:
https://www.bloomberg.com/opinion/articles/2021-03-24/bitcoin-miners-are-on-a-path-to-self-destruction
And Noah’s rebuttal discussed in the Guy’s Take:
https://noahpinion.substack.com/p/bitcoin-mining-and-resource-use
Don’t forget our glorious sponsors:
The SO much better than your stupid 401K plan – Swan Bitcoin (swanbitcoin.com/guy)
& the “Love your keys like family,” secure, open source hardware wallet – BitBox02 (guyswann.com/bitbox)
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Chat #59 – Skin in the Lightning Game with ZeBeDee Founder
The Gaming Universe is about to be Struck by Lightning. We have Simon Cowell on the podcast, CEO and Founder of ZeBeDee and their tools for easily integrating Lightning payments directly into the gaming and esports industry. Where the virtual economy meets the virtual world, with Lightning at its center. Don’t miss Bitcoin Audible Chat #59!
Don’t forget to follow them and check out the tools they are building by going to their twitter page and website below:
https://twitter.com/zebedeeio
https://zebedee.io/
If you haven’t listened to the article mentioned on the podcast, find it here:
https://bitcoinaudible.com/?p=5596
A huge thank you to our amazing sponsors:
SwanBitcoin – The #1 place to setup your automatic Bitcoin savings plan! (SwanBitcoin.com/guy)
BitBox – Minimal, user friendly, secure, Swiss made, open source, hardware wallet (guyswann.com/BitBox)
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Read_512 – Why The Yuppie Elite Dismiss Bitcoin [Croesus]
“When I thought about what is the defining difference between the Bitcoin maximalists and my yuppie elite friends, the surface level distinctions that popped out were political (e.g., libertarianism, Trump support, second-amendment rights, Black Lives Matter). But these stem from a deeper divide: the degree to which a person has trust in the system.” – Croesus
Why is it that some of the most intelligent people can both be the first to grasp the astounding benefit and value of Bitcoin, but simultaneously be the ones who dismiss it with the greatest prejudice, and refuse to entertain that there may be anything at all of value? What is the difference between those two groups, can we narrow down where the core problem loves? Find out in today’s read by Croesus at the amazing Citadel21 publication. Titled…
Why the Yuppie Elite Dismiss Bitcoin
https://www.citadel21.com/why-the-yuppie-elite-dismiss-bitcoin
Shout out to Preston Pysh for reminding me of this one, and to Citadel21 for their amazing resource and collection of works. They also happen to be today’s “Bitcoin Resource” and I highly recommend doing a little exploring over on their page below:
https://www.citadel21.com/
A huge thank you to our amazing sponsors:
SwanBitcoin – The #1 place to setup your automatic Bitcoin savings plan! (SwanBitcoin.com/guy)
BitBox – Minimal, user friendly, secure, Swiss made, open source, hardware wallet (guyswann.com/BitBox)
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