Read_489 – The Cantillon Effect 2.0 – Bitcoin is the First Truly Fair Money [CK_snarks & Deniz Saat]
“Because of Nakamoto’s deliberate actions and Bitcoin’s permissionless, free & open-source nature, bitcoin is the first truly neutral money. Bitcoin eliminates the inherent unfairness that comes with all previous monies as well as any need to trust a third party in order to use Bitcoin.” – CK & Deniz Saat
The inherent problem with our monetary system is a systemic & inescapable unfairness. Bitcoin is provably, the fairest money that has ever existed. If you actually believe in equality, that everyone should play by the same rules, then there is no defensibility of our current money. For justice & equality, Bitcoin isn’t just a better option, its the only option.
Today’s amazing read from Christian Keroles & Deniz Saat, another amazing Bitcoin Magazine piece:
“The Cantillon Effect 2.0 – Bitcoin is the World’s First Truly Fair Money”
https://bitcoinmagazine.com/articles/cantillon-effect-2-0-bitcoin-is-the-worlds-first-truly-fair-money
Another great episode was our recent reads, both from Bitcoin Magazine, first on “Winning Hearts and Minds for Bitcoin,” by Andy Edstrom & Peter McCormack:
https://anchor.fm/thecryptoconomy/episodes/Read_487—Winning-Hearts–Minds-for-Bitcoin-Andy-Edstrom–Peter-McCormack-ep6s5k
And then CK’s previous piece on the podcast, “The Sovereign Company Thesis”:
https://anchor.fm/thecryptoconomy/episodes/Read_475—The-Sovereign-Company-Thesis-Christian-Keroles-env68o
Don’t forget to explore our awesome sponsors and their products at the links below:
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And a final thanks to the amazing Bitcoin Magazine and LTBNetwork. The service these guys are doing for the Bitcoin space is incalculable!
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Chat #56 – DLCs, PTLCs, the Oracle Problem & More with SuredBits’ Nadav
“Any solution to the oracle problem, makes Bitcoin able to do anything that any other protocol out there can do.” – Nadav Kohen
So much cool technology coming to Bitcoin! We dive into some of the most amazing new tools with Nadav Kohen of SuredBits. DLCs, Turing completeness, PTLCs, The future of Lightning and so much more! Don’t miss this incredible Bitcoin Audible Chat
Follow Nadav on Social media:
https://twitter.com/nadav_kohen
Check out the SuredBits blog for breakdowns of all this incredible tech:
https://suredbits.com/
Specs on DLCs, dig in and check out all the possibilities:
https://zmnscpxj.github.io/bitcoin/unchained.html
Video diving into all the cool details & features behind PTLCs:
https://www.youtube.com/watch?v=w9o4v7Idjno&feature=youtu.be
Don’t forget to explore our awesome sponsors and their products at the links below:
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Guy’s Take_040 – Double Spends & Wittgenstein’s Money
What the hell is everyone squealing about regarding this “critical flaw” and “confirmed double spend” on the Bitcoin network? Is this another 2013 bug, or a giant nothing burger? Guy dives into it on today’s episode and then gets into the follow-up to Wittgenstein’s Money, the amazing piece by Allen Farrington that we covered in the previous episode on the show. What is value, what is money, & what would it seem like if it did seem like a money was emerging from zero?
Don’t miss today’s Guy’s Take episode! Other great must watch/listen pieces discussed in this episode:
How I made a Toaster from Scratch
https://www.youtube.com/watch?v=5ODzO7Lz_pw
I, Pencil
https://bitcoinaudible.com/?p=1668
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Read_488 – Wittgenstein’s Money [Allen]
“What would it seem like if it did seem like a global, digital, sound, open source, programmable money was monetizing from absolute zero?” – Allenf32
Today’s piece is a remarkable and just fun article that dismisses defending Bitcoin against the static arguments that can’t be money because it is too volatile to “store value,” isn’t a widely used “unit of account,” & isn’t used as a “medium of exchange,” but rather it flips the perspective on its head. Instead of trying to prove that Bitcoin is or will be money, why don’t we go back to the beginning and ask what it *would* look like, if a new digital money was being monetized from zero?
This is one of my favorite of recent episodes, and we will have an awesome Guy’s Take on this soon, so don’t forget to subscribe! Check out the original article and drop massive applause on this piece at Allen’s medium page:
https://allenfarrington.medium.com/wittgensteins-money-7cac8d0635cf
Don’t forget to explore our awesome sponsors and their products at the links below:
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Read_487 – Winning Hearts & Minds for Bitcoin [Andy Edstrom & Peter McCormack]
“In a world in which governments and companies continually encroach on personal liberties via surveillance and outright control, Bitcoin shines like a beacon of freedom.” – Andy Edstrom & Peter McCormack
The anti-bitcoin narratives are going to flood in and have already started. We need to be ready for it, and that’s why this piece by Andy Edstrom & Peter McCormack is a required listen/read. How do we answer the Fed, how do we respond to the propaganda and the ignorance? Find out in another of Bitcoin Magazine’s incredible recent pieces title, “Winning Hearts & Minds for Bitcoin”
Check out the original at the link below, plus the incredible library of articles dropping every day at the link below:
https://bitcoinmagazine.com/articles/winning-hearts-and-minds-for-bitcoin
Mentioned at the beginning of the show is BtcMag’s page dedicated to everything busting the Energy FUD, keep it for quick reference:
https://bitcoinmagazine.com/tags/energy-consumption
Don’t forget to explore our awesome sponsors and their products at the links below:
BitBox – Minimal, user friendly, secure, Swiss made, open source, hardware wallet (guyswann.com/BitBox)
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And a final thanks to the amazing Bitcoin Magazine and LTBNetwork. The service these guys are doing for the Bitcoin space is incalculable!
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Read_486 – The Moral Case for Bitcoin [Jimmy Song]
“Fiat money is a positivist money, a tool of governments pursuing a utopian vision. Bitcoin is a Natural Law money, a tool to protect individual liberty. Bitcoin is therefore the more moral money.” – Jimmy Song
There is the economic case, there is the individual sovereignty case, & there is an investment case for Bitcoin. But the deepest case to be made, & the one with the strongest argument, is the moral case. It’s not merely profits, sound economics, or the potential of future growth that make Bitcoin the proper investment, but the moral truths that make Bitcoin the only real option for a better future. Today we read Jimmy Song’s excellent piece from The Bitcoin Time Vol 3, “The Moral Case for Bitcoin.”
Don’t forget to check out and drop some applause on the article at Jimmy’s medium page below:
https://medium.com/the-bitcoin-times/the-moral-case-for-bitcoin-561ed592a464
A huge thanks as always to Aleks Svetski for putting together such an awesome publication & resource for the Bitcoin community.
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Read_485 – Why Bitcoin Is Not a Ponzi Scheme [Lyn Alden]
“From the beginning, Bitcoin has remained an open source and fully transparent project, and has the most organic growth trajectory of the industry. Given available information, the market has priced it as it sees fit, out in the open.” – Lyn Alden
Bitcoin is a Ponzi, say the detractors. Their arguments never seem anymore sophisticated, and sound increasingly desperate as Bitcoin continues to defy their view. Is there any truth to this? Well Lyn Alden decides to break it down for us, using a range from the most narrow, to the most broad view of a Ponzi, and lays out Bitcoin’s history, network effects, & open nature against it, to make the rather obvious case in hindsight, that Bitcoin, is indeed, Not a Ponzi scheme.
Check out the original for a few great graphics and charts to better visualize the argument, and to support/follow the work both of LynAlden, and the excellent Swan Bitcoin blog:
https://www.swanbitcoin.com/why-bitcoin-is-not-a-ponzi-scheme-point-by-point/
Support the show at GuySwann.com and start auto-buying your Bitcoin stack using the best service in the space! Get $10 FREE for signing up with my link and support the podcast at the same time:
swanbitcoin.com/guy
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Read_484 – Bitcoin & the Printing Press [Anil]
“As books became more accessible and affordable, individuals were now personally consuming, reflecting upon and critiquing written texts. It was an idea meritocracy. No longer was “truth” conferred solely by the ordained to the illiterate masses inside of churches.” – Anil
The Printing press was a revolution in the spread of information and communication, leading to the Renaissance and the age of Science & Reason. Bitcoin is a revolution in the dissemination & spread of real economic value. It will create a Renaissance that will dwarf that of the printing press.
Check out the original and follow the author at the links below:
https://bitcoinmagazine.com/articles/bitcoin-and-the-printing-press
https://twitter.com/anilsaidso
A huge thank you to the LTBNetwork for supporting this podcast and sharing it out with their amazing audience! And to Bitcoin Magazine for the incredible work they do in furthering education and new in the Bitcoin space.
Don’t forget to explore our awesome sponsors and their products at the links below:
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Chat #55 – Knut Svanholm & Andy Edstrom on Writing, Feedback Loops, & Bitcoin Haters in 2021
An excellent chat today with 2 brilliant, bullish, & amazing writers in the Bitcoin space. Andy Edstrom, author of “Why Buy Bitcoin,” and Knut Svnaholm of “Sovereignty Through Mathematics” and “Independence Reimagined” join us today for a discussion on everything important with catching the new people coming to Bitcoin, the complications with solidifying ideas out and making them accessible, the feedback loops that will make Bitcoin a dominant macro-political force, & what we can expect from 2021. Dont miss Chat #55 with Knut & Andy.
FOLLOW Knut & Andy on Twitter so you don’t miss their awesome content!
Knut Svanholm – https://twitter.com/knutsvanholm
Andy Edstrom – https://twitter.com/edstromandrew
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Read_483 – Bitcoin & the Hopf Cycle of the Internet [Giacomo Zucco]
“Hard times make strong men, strong men create good times, good times create weak men, and weak men create hard times.” – Giacomo Zucco
Today’s read is another amazing article from Vol 3 of The Bitcoin Times. This is such a cool concept taking an evolutionary and social pattern and applying it to technology and the history of the internet. Another brilliant piece for the archive and I had a blast with Guy’s Take section on this one, so don’t miss it.
Check out the original and the other amazing pieces from the Bitcoin Time Vols at the link below:
https://medium.com/the-bitcoin-times/bitcoin-and-the-hopf-cycle-of-the-internet-f351f1b7c1e3
Don’t forget to explore our awesome sponsors and their products at the links below:
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Read_482 – The Stone Ridge Letter [Ross Stevens]
“Perhaps just in time, each U.S. citizen now has a choice. You can stay on the Fiat Standard, in which some people get to produce unlimited new units of money for free, just not you. Or opt in to the Bitcoin Standard, in which no one gets to do that, including you. With the option, now, of a monetary system governed by rules instead of rulers, on behalf of myself, my family, and the firms I’m responsible for leading, I’ve made my choice.” – Ross L. Stevens
After about 100 requests to get it done and 2 days of recording, it’s here. The Stone Ridge 2020 Shareholder Letter, that is a brilliantly thorough yet succinct breakdown of the value case for Bitcoin and how it fits into our highly volatile political and financial environments. Looking back on 2020 and what it may tell us about the years ahead.
Check out the original posted by Michael Saylor on the Microstrategy website below:
https://www.microstrategy.com/en/bitcoin/documents/stone-ridge-2020-shareholder-letter
Also great, which I listened to just before recording this piece, is the “What is water” speech by David Foster Wallace. Its a must listen:
https://www.youtube.com/watch?v=8CrOL-ydFMI
And of course our lovely sponsors for Bitcoin Audible:
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Read_481 – Bitcoin’s Killer App, Skin in the Game [Simon Cowell]
“We don’t need to reinvent the wheel. People play games because they are fun, not because they are on a blockchain.” – Simon Cowell
As Bitcoin established a universal value transfer protocol for the internet, we are going to begin to see unique monetization, and also incentive models that simply weren’t possible before. One area, that historically has had deep ties to monetary incentive, but lost it in the digital age… was gaming. Listen to today’s excellent article from Bitcoin Magazine and author Simon Cowell for a fascinating look at a Lightning tool built by ZebeDee, and what it may mean for the future of gaming.
Check out the original article below:
https://bitcoinmagazine.com/articles/bitcoins-killer-application-skin-in-the-game
Don’t forget to check out the awesome products of the Bitcoin Audible sponsors:
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