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.
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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
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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
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Guy’s Take_045 – 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!
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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
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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
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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
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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
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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:
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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:
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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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