Chat #57 – Bitcoin History with Peter Todd, Brady Swenson, & Guy Swann on Swan Signal Live
“Peter Todd, a Bitcoin developer who has been around from the very beginning and even well before Bitcoin was released and Guy Swann who bought his first Bitcoin on Mt. Gox in early 2011, join us to dive into Bitcoin’s fascinating history.”
Today we get into a recent fun episode on Swan Signal where we take a little walk through Bitcoin’s history. For those new to Bitcoin this is a great discussion to get an idea of how we got to where we are, and the reason behind it.
Connect with Peter Todd:
https://twitter.com/peterktodd
https://petertodd.org
Connect with Brady Swenson:
https://twitter.com/CitizenBitcoin
https://citizenbitcoin.world/
Connect with Swan on social media:
Twitter: https://twitter.com/SwanBitcoin
Telegram: https://t.me/swansignal
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Read_497 – Bitcoin is Venice [Allen Farrington]
“Does anybody really believe that, having fully understood the choice they face, any individual would choose to save in a self-referentially mispriced toxic loan rather than a provably sound digital bearer asset? Or, more simply still, that they will think it makes less sense to hold money that is a pure asset than money that is literally defined as a liability? Why not opt into a financial system that is built on trustless verifiability rather than unverifiable trust?” – Allen Farrington
Today’s amazing read simply needs to be listened to. Bitcoin is Venice, a continuation of the Wittgenstein’s Money series from Allen F. Don’t forget to follow Allen on Twitter & Medium.
Check out the original article below to drop applause and check out Allen’s other amazing work:
https://allenfarrington.medium.com/bitcoin-is-venice-8414dda42070
Audio for his other recent piece, Wittgenstein’s Money (And other article mentioned in the show) can be found below:
https://bitcoinaudible.com/?p=5659
Follow up to Wittgenstein’s Money – Guy’s Take #40:
https://bitcoinaudible.com/?p=5661
Bitcoin is Worse is Better:
https://bitcoinaudible.com/?p=3491
Walking Tall – Guy’s Take #36:
https://bitcoinaudible.com/?p=4933
Hayek’s Use of Knowledge in Society:
https://bitcoinaudible.com/?p=2902
A huge Thank You to the Bitcoin Audible Sponsors:
BitBox – Minimal, user friendly, secure, Swiss made, open source, hardware wallet (guyswann.com/BitBox)
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Read_496 – Stocks Don’t Truly Discover Price, Bitcoin Fixes This [Casey]
“When we begin to value things in bitcoin, we can find their legitimate value, as bitcoin is the most legitimately-valued money. There are no manipulations of supply, or buybacks, or quantitative easing or laws protecting value — only direct valuation.” – Casey
Bitcoin may appear volatile, but how does it make sense to measure the volatility of an asset with extremely stable & predictable supply, in an asset who’s supply is horrifically volatile & unpredictable? What happens when we turn that image on its head, and start pricing the world in Bitcoin, the hardest monetary asset in the world? Today’s episode is all about it, with Casey’s Bitcoin Magazine article: “Stocks Don’t Truly Discover Price, Bitcoin Fixes This.”
Check out the original article by Casey and so much more at Bitcoin Magazine with the link below:
https://bitcoinmagazine.com/articles/stocks-dont-truly-discover-price-bitcoin-fixes-this
Huge thank you to the LTBNetwork & Bitcoin Magazine for being such an incredible resource for the Bitcoin ecosystem!
letstalkbitcoin.com
A huge Thank You to the Bitcoin Audible Sponsors:
BitBox – Minimal, user friendly, secure, Swiss made, open source, hardware wallet (guyswann.com/BitBox)
LVL.co – The first Free, no-fee exchange & Bitcoin banking services! (guyswann.com/lvl)
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Read_495 – An Economic Analysis of Ethereum [Lyn Alden]
“The annual issuance rate with all those annotations kind of looks like it was drawn by a Bitcoiner making fun of Ethereum, but instead that’s from an Ethereum source. Various Ethereum Improvement Proposals or “EIPs” by developers have changed its monetary policy over time as needed for various reasons.” – Lyn Alden
Lyn Alden always brings a clear, investor centered perspective to the space which I highly value. With no “crypto” or Bitcoin baggage she takes a rational view of digital assets from their long term investment potential. In today’s piece, let’s find out what she sees in “An Economic Analysis of Ethereum.”
Check out the original article below:
https://www.lynalden.com/ethereum-analysis/
A huge Thank You to the Bitcoin Audible Sponsors:
BitBox – Minimal, user friendly, secure, Swiss made, open source, hardware wallet (guyswann.com/BitBox)
LVL.co – The first Free, no-fee exchange & Bitcoin banking services! (guyswann.com/lvl)
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Read_494 – Lightning Economics: Learning to Love Inbound Liquidity [Roy Sheinfeld]
“Supplying liquidity is an investment, and we need to treat it accordingly. Like lending money or buying stock, investors commit capital for a period and expect a return that increases over time.” – Roy Sheinfeld
Now that we are entering Chapter 2 of Bitcoin where the free and open network begins to act as a backbone for financial infrastructure made possible by the Lightning network and global Bitcoin liquidity, we dive into the economics of Lightning with the Breez Technology CEO, Roy Sheinfeld. Is inbound liquidity really a “problem,” or is it a new market dynamic that will drive an entire industry? Find out in today’s awesome article…
Lightning Economics: How I Learned to Stop Worrying and Love Inbound Liquidity
https://medium.com/breez-technology/lightning-economics-how-i-learned-to-stop-worrying-and-love-inbound-liquidity-511d05aa8b8b
A huge Thank You to the Bitcoin Audible Sponsors:
BitBox – Minimal, user friendly, secure, Swiss made, open source, hardware wallet (guyswann.com/BitBox)
LVL.co – The first Free, no-fee exchange & Bitcoin banking services!
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Read_493 – Asset DNA, Explaining Bitcoin’s Speculative Attack [Croesus]
“if the representation of reality in this article is correct, the highest and best use of a dollar of debt may simply be to buy bitcoin. Many more individuals and entities will leverage this asymmetry for personal gain into the future.” – Croesus
With increased attention on the Bitcoin price and the speculative attack by Michael Saylor himself having paid off so extraordinarily well, its time to revisit the concept with an article by Croesus_BTC at Bitcoin Magazine. Its not merely something that might occur, or just a fun thought experiment, its in the very DNA of these assets. Borrowing dollars in a manipulated, low interest environment, may find its most productive and valuable use in simply buying Bitcoin.
Check out the great visuals and the many other excellent articles at Bitcoin Magazine below:
https://bitcoinmagazine.com/articles/asset-dna-explaining-bitcoins-speculative-attack-on-the-dollar
Buy Bitcoin using SwanBitcoin.com/guy to start your own automatic savings plan, get your first $10 free after setting it up, AND support the podcast!
Don’t forget our lovely sponsors & their phenomenal products:
BitBox – Minimal, user friendly, secure, Swiss made, open source, hardware wallet (guyswann.com/BitBox)
LVL.co – The first Free, no-fee exchange & Bitcoin banking services! (guyswann.com/lvl)
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Guy’s Take_042 – Bitcoin’s Second Chapter Begins
“In Chapter 1 we reached millions. In Chapter 2 we’re going to reach billions and we’re going to do it quickly. And Chapter 2 starts right now.” – Ross Stevens
We are entering a phase of Bitcoin where it becomes accepted as a global store of value asset by large institutions and corporations around the world. Yet simultaneously, we are reaching a point where Bitcoin is also being recognized and utilized as a global, open source, and highly liquid monetary *network.* Chapter 2 isn’t merely about Bitcoin being used to store and protect value, but about Lightning, and the ability to instantly send money and swap it with any currency anywhere in the world.
Inspired by a tweet from Ryan Gentry with an excerpt from Ross Stevens conversation with Michael Saylor… find out just how much Bitcoin is about to shake the world in today’s guy’s take episode! Check out the relevant tweet from Ryan:
https://twitter.com/RyanTheGentry/status/1357487814645067789
The other episode mentioned at the beginning of the show to check out:
Stone Ridge Letter:
https://bitcoinaudible.com/?p=5598
Lightning as a Retail Payment System:
https://bitcoinaudible.com/?p=4567
Buy Bitcoin using SwanBitcoin.com/guy to start your own automatic savings plan, get your first $10 free after setting it up, AND support the podcast!
Don’t forget our lovely sponsors & their phenomenal products:
BitBox – Minimal, user friendly, secure, Swiss made, open source, hardware wallet (guyswann.com/BitBox)
LVL.co – The first Free, no-fee exchange & Bitcoin banking services! (guyswann.com/lvl)
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Read_492 – What I Really Think of Bitcoin [Ray Dalio]
“I believe Bitcoin is one hell of an invention. To have invented a new type of money via a system that is programmed into a computer and that has worked for around 10 years and is rapidly gaining popularity as both a type of money and a storehold of wealth is an amazing accomplishment.” – Ray Dalio
We read a great piece by Ray Dalio to get his thoughts, concerns, & criticisms of Bitcoin as well as Guy’s Take trying to answer those criticisms and making sense of the mental model that will better make sense of these monetary technologies. Rather than trust the sound bites and the tweets, let’s hear exactly what Ray has to say.
What I Really Think About Bitcoin:
https://www.linkedin.com/pulse/what-i-really-think-bitcoin-ray-dalio
Dont forget to check out the episode I mentioned in the commentary on Schelling Points, Network Effects, & Lindy:
https://bitcoinaudible.com/?p=4504
Don’t forget to check out our awesome sponsors below:
BitBox – Minimal, user friendly, secure, Swiss made, open source, hardware wallet (guyswann.com/BitBox)
LVL.co – The first Free, no-fee exchange & Bitcoin banking services! (guyswann.com/lvl)
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Read_491 – Bitcoin Astronomy – The Second Law [Dhruv Bansal]
“Perhaps one of the great ironies of the future will be the Solcoin alliance between urbane Terrans and hillbilly belters.” – Dhruv Bansal
Continuing our awesome walk through Dhruv’s excellent Bitcoin Astronomy series we hit Part 2 today! What does a Type II blockchain look like when we scale to a Type II society? What time scales do they operate on, and what horizons will they enable us to conquer? Can multiple blockchains resonate with each other, or is one doomed to collapse into another? You ahve to listen to find out!
Check out the original article plus the incredible amount of other great writing at the Unchained Capital Blog:
https://unchained-capital.com/blog/bitcoin-astronomy-part-ii/
Stack sats automatically and get $10 free to start with my referral link:
http://swanbitcoin.com/guy
Don’t forget to check out our awesome sponsors below:
BitBox – Minimal, user friendly, secure, Swiss made, open source, hardware wallet (guyswann.com/BitBox)
LVL.co – The first Free, no-fee exchange & Bitcoin banking services! (guyswann.com/lvl)
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Read_Reboot – Bitcoin Astronomy #1 [Dhruv Bansal]
Preparing for the Second Part of Dhruv’s incredible series, today we have a reboot of Part 1!
Equal parts entertaining & intellectually intriguing, we start with Part 1 of Dhruv Bansal’s wonderful piece, Bitcoin Astronomy! The interplanetary center of hash, the Law of Hash Horizons, the Muskcoin Revolution, retaliation of the Bitcoin Empire, and the total economic devastation of the Hash Bomb! How could you not want to know more?
Another one from the excellent content over at the Unchained Capital Blog:
https://www.unchained-capital.com/blog/law-of-hash-horizons/
Stack sats automatically and get $10 free to start with my referral link:
http://swanbitcoin.com/guy
Don’t forget to check out our awesome sponsors below:
BitBox – Minimal, user friendly, secure, Swiss made, open source, hardware wallet (guyswann.com/BitBox)
LVL.co – The first Free, no-fee exchange & Bitcoin banking services! (guyswann.com/lvl)
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Read_490 – How this Bull Run is Different [Abhay Aluri]
“People aren’t trading bitcoin, they’re accumulating more and more of it over time and holding it long term (aka, “stacking sats“). This is evident not only through the raw on-chain data and exchange flows, but also through consumer behavior.” – Abhay Aluri
We aren’t in the same world, nor the same phase of Bitcoin as we were in 2017. This bull run seems not to be fueled by retail speculation and wall street gamblers, but instead its entering a phase where its a truly legitimized, investment grade asset that is being used as a first layer money to hedge against the infrastructure of the financial system, as well as against the increasing volatility and devaluation seen across all fiat currency. Another great article from Bitcoin Magazine, by author Abhay Aluri, “Bitcoin 2017 v 2021: How This Bull Run is Different.”
Check out the original article at the length below:
https://bitcoinmagazine.com/articles/bitcoin-2017-vs-2021-how-this-bull-run-is-different
Don’t forget to check out the other articles by Abhay linked in this piece:
https://ryze.substack.com/p/bitcoin-as-the-ultimate-insurance
https://ryze.substack.com/p/money-printing-inflation-and-the
Stack sats automatically and get $10 free to start with my referral link:
http://swanbitcoin.com/guy
Don’t forget to check out our awesome sponsors below:
BitBox – Minimal, user friendly, secure, Swiss made, open source, hardware wallet (guyswann.com/BitBox)
LVL.co – The first Free, no-fee exchange & Bitcoin banking services! (guyswann.com/lvl)
Thanks to the amazing team over at BTCMedia and the LTBNetwork for sharing this show and don’t forget to check out the Bitcoin2021 Conference and get your tickets if you haven’t yet!! It’s gonna be LiT!
https://b.tc/conference
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Guy’s Take_041 – Gamestop is the Battle, Bitcoin is the War
Curious to know what the recent clown show of GameStop and r/WallStreetBets was all about? Well we get into it in today’s rant about the phenomenal arrogance and outright manipulation of the major players in Wall Street after retail investors made them cry. There is nothing that could more perfectly demonstrate the reality that average Joe’s only have freedom when they are losing, but when they make a win at the expense of billionaire hedge funds, you can bet your ass the stocks will be delisted, accounts will be frozen, positions will be closed for no reason, the SEC will investigate “manipulation” from the retail investors, & the big dogs will do everything they can to prevent from paying the bill.
GameStop was just the battle, Bitcoin is the War. This shit has got to stop.
Links related to discussion in the show:
Naked Shorting:
https://www.investopedia.com/terms/n/nakedshorting.asp
The “In a Nutshell” Explanation:
https://twitter.com/GarbyJooman3/status/1354617711914061827
https://twitter.com/_jimmykelly/status/1354600999835607041/photo/1
SEC Investigating *Reddit Users*:
https://pbs.twimg.com/media/Es2aHJbUYAMgvTy?format=jpg&name=4096×4096
The Passion of WallStreetBets:
https://twitter.com/denverbitcoin/status/1354227501304852492
Ja Rule:
https://twitter.com/jarule/status/1354812123080138759
Robinhood ClassAction Lawsuit:
https://lawandcrime.com/lawsuit/robinhood-trading-app-has-already-been-sued-for-manipulating-the-open-market-by-restricting-trades-on-reddit-driven-stocks/
Insider Trading is Legal, Outsider Trading will be Punished:
https://twitter.com/AgoristView/status/1354277645324869633
https://www.reddit.com/r/wallstreetbets/comments/l79x17/it_runs_very_deep_my_friends/
Big Guys need to “Recalibrate”:
https://www.reddit.com/r/wallstreetbets/comments/l747eg/citadel_reloaded_their_shorts_before_they_told/
Don’t forget to check out our awesome sponsors below:
BitBox – Minimal, user friendly, secure, Swiss made, open source, hardware wallet (guyswann.com/BitBox)
LVL.co – The first Free, no-fee exchange & Bitcoin banking services! (guyswann.com/lvl)
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