Read_457 – Our Most Brilliant Idea [Robert Breedlove]
“When governments play God, civilizations burn in Hell.”
– Robert Breedlove
The 3 pillars of free markets all hinge on fair, honest, reliable money. Without it, monumental errors within the markets are unable to be corrected. By enforcing reliable, incorruptible rule of law, undeniable private property, through a system of verifiable sound money… Bitcoin is the capstone of free market innovation. Don’t miss this incredible piece by Breedlove.
Check out the original article here and drop some massive applause:
https://breedlove22.medium.com/our-most-brilliant-idea-aced329f8941
If you want to support Breedlove’s work, check out the many links below:
• Subscribe to my YouTube Channel: bit.ly/321Lzm0
• Follow me on Twitter: https://twitter.com/Breedlove22
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• Journey with me as I write my first book: https://bit.ly/3aWITZ
• If you enjoyed this, please send sats: https://tippin.me/@Breedlove22
• Or, send sats via Lightning Network with Strike: https://strike.me/breedlove22
And Don’t forget to check out our awesome sponsor, Hexa Wallet! A non-custodial, mobile wallet packed with great features. Check them out at the link below:
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Read_456 – Bitcoin at 12 [Nic Carter]
“I believe Bitcoiners have this in common. They recognize that they have undertaken a near-hopeless task. Creating a global, neutral, apolitical settlement medium and standard of value will not happen overnight. We have barely begun the project.” – Nic Carter
Bitcoin represents a hope for a better future, and the longest time horizon in building a sustainable solution for the generations to come after us. Like the cathedrals that took centuries to build, those who labored placed bricks into the structure and toiled their lives knowing they they may never see the completion of their project, but that they were building something far bigger than themselves, that would last for centuries to come. Another brilliant piece from Nic Carter, Bitcoin at 12 years.
Hit the original below and drop some incredible applause on the article:
https://medium.com/@nic__carter/bitcoin-at-12-f6fce39cb9bb
Kudos to Hexa Wallet for the amazing update & as always a major thanks for supporting the show! Check out their amazing mobile wallet packed with features at Hexawallet.io
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Guy’s Take_035 – The Next Domino…
We may have just seen the beginnings of central banks entering the Bitcoin game theory. The game is about to get real.
Bitcoin has suddenly broken onto the political stage with the announcement that the Iranian Central Bank is officially purchasing Bitcoin from its licensed miners in order to use it to increase imports and get around the destructive US sanctions. Don’t miss this Guy’s take where we dig into this major development and exactly what it could mean.
Now is the time to hold your own keys! Get a hardware wallet, look into multisig, and get yourself a non-custodial mobile wallet. Our sponsor has a great one to check out, that’s Hexa Wallet! A huge thanks to them for supporting Bitcoin Audible and keeping this show bringing the best in Bitcoin to your ears. Check them out at Hexawallet.io
Links to a few articles discussing this development:
https://elexonic.com/2020/10/30/bitcoin-miners-in-iran-have-a-new-buyer-the-central-bank/
https://www.trustnodes.com/2020/10/29/iran-changes-law-to-use-bitcoin-for-imports
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Read_455 – Bitcoin and the Rhythms of History [Brandon Quittem]
“Individuals can opt-out of their local currency by joining the Bitcoin life raft. Protect purchasing power, rather than go down with the sinking ship that is their state.” – Brandon Quittem
A fascinating journey through the concept of the Fourth Turning and analysis of the incredible times we live in. More will change in the next decade than in the previous 8 combined. We are entering a time where our old institutions are torn down and built anew. Do we devolve into collectivism and totalitarian rule? Or can we find a way to protect and fan the flames of individual liberty and sustain a prosperous future for the next generation. Listen to this excellent piece to find out!
Follow Brandon on Twitter if you haven’t yet! And check out his page, the many great graphics on the article, & all the other great writing available on his site: https://www.brandonquittem.com/
Thanks Hexa Wallet for supporting the Audible of the Bitcoin space! Making all the best in Bitcoin accessible to everyone! https://twitter.com/HexaWallet
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Read_454 – The Last Word on Bitcoin’s Energy Consumption [Nic Carter]
“If your local energy cost is effectively zero but you cannot sell your energy anywhere, the existence of a global buyer for energy is a godsend.” – Nic Carter
What do all the “boiling oceans” alarmist miss about the nature & incentives of Bitcoin’s energy consumption? Can we determine anything meaningful about Bitcoin’s energy use by looking at the state of mining today, and the trends leading us into the future? Today we read a great piece from CoinDesk by the many times Bitcoin Audible author Nic Carter, on the fallacies of the general thinking, why Bitcoin gets picked on, & the simple thing the complainers could do to solve it.
Nic Carter’s “The Last Word on Bitcoin’s Energy Consumption”:
https://www.coindesk.com/the-last-word-on-bitcoins-energy-consumption?amp=1
Other excellent pieces by Nic Carter available in audio:
A Most Peaceful Revolution:
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_293—A-Most-Peaceful-Revolution-Nic-Carter-e5bfpm
The Cat is Out of the Bag:
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_340—The-Cat-is-Out-of-the-Bag-Nic-Carter-ea6ffl
Don’t Fear the Reaper:
https://anchor.fm/thecryptoconomy/episodes/Read_436—Dont-Fear-the-Reaper-Nic-Carter-ej3h3l
Unpacking Bitcoin’s Assurances:
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_281—Unpacking-Bitcoins-Assurances-Nic-Carter-e4sn3r
If you would like to support the show & be a part of the anointed Satoshi’s Audionauts, become a patron at Patreon.com/thecryptoconomy!
This show wouldn’t be possible without all the incredible supporters of my work, and I cannot thank you guys enough!
And a thanks to Hexa Wallet for a great, non-custodial, seedless, multi-factor and multi-account mobile wallet that’s great for a whole range of users, experienced and new to the space! Check them out at Hexawallet.io
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Read_453 – Lies, Deception, & Unnatural Money [Nik Hoffman]
“money printing only “works” if the majority of people don’t even realize that it is steadily devaluing their earnings and savings. People must be deceived into believing a false ideology about this practice, but that can only work for so long; as we’ve seen throughout history, bad money doesn’t last forever.” – Nik Hoffman
What determines a good money and a bad money, and what exactly does it mean for a money to have value? A brief journey through the concepts that define a money, and the history that informs how and why money becomes a tool for lies and deception to the ultimate detriment of society. Are we doomed to forever repeat the past, or can Bitcoin solve this problem and close the book on monetary manipulation? Find out in today’s Bitcoin Magazine article from author Nik Hoffman.
Check out the original at the link below to explore his other works, his monthly roundups, and of course follow Nik on Twitter:
https://bitcoinmagazine.com/articles/lies-deception-and-unnatural-money
Thanks to Hexa wallet for supporting Bitcoin Audible. If you want an great, noncustodial wallet to hold your on keys, don’t forget to check them out at hexawallet.io
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Read_452 – How Will Bitcoin Lead to More Freedom [Jim Epstein]
“It had a big impact on May, who melded the “Other Plane” with “Galt’s Gulch” from Ayn Rand’s Atlas Shrugged, which was a safe haven for rational and productive people protected from government coercion and taxation by an invisible shield. Instead of the Colorado mountains, May’s cyberspace Galt’s Gulch would exist on the internet, with cryptography providing protective cover.” – Jim Epstein
The argument between the “blockchain technology” and the “Bitcoin anarchists” happens to be a lot older than most know. Whether this is a technology that’s outside the system, built to replace it, or one that is supposed to work within the system to make it faster and cheaper, can be traced all the way back to a debate between Eric Salin and crypto-anarchist Timothy C. May. What can the origins of the cypherpunk movement tell us about teh direction of Bitcoin today? Hear this amazing piece from Jim Epstein at Reason Magazine to find out!
Other great pieces to accompany this read:
The Truth About Smart Contracts by Jimmy Song
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_092—The-Truth-About-Smart-Contracts-e2ndrq
Bit Gold by Nick Szabo
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_275—Bit-Gold-Nick-Szabo-e4o0vp
Securing Property with Owner Authority by Nick Szabo
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_118—Securing-Property-with-Owner-Authority-e2ndqs
The Crypto Anarchist Manifesto by Tim May
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_300—–The-Crypto-Anarchist-Manifesto-Timothy-C–May-e5p7j4
For a great and feature rich mobile, non-custodial Bitcoin wallet, our awesome supporter of Bitcoin Audible HexaWallet is where its at! Now in beta, you can get the wallet on the app store or at the link below. Fell free to ask any questions and feedback is hugely appreciated.
hexawallet.io
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Chat #50 – Dawn of the Age of Bitcoin with Erik Cason
Bitcoin and the cryptographic systems that empower it, are not merely another new tech to make use of. They are a fundamental shift in the ability to defend value from organized violence. The impact on the world will be impossible to measure. We go deep down the rabbit hole in this excellent chat with Erik Cason, author of the cryptosovereignty.org blog.
Follow Erik on twitter, and check out his amazing pieces we’ve read on the podcast below:
https://twitter.com/Erikcason
The Political Theology of Bitcoin:
https://anchor.fm/thecryptoconomy/episodes/Read_398—The-Political-Theology-of-Bitcoin-Erik-Cason-eemvs1
Crypto, Truth, & Power:
https://anchor.fm/thecryptoconomy/episodes/Read_448—Crypto–Truth–Power-Erik-Cason-ekv73s
And don’t forget to add me as a contact in your Hexa Wallet! Shoot me a DM on twitter or an email and I’ll be happy to add you
A huge thank you to Hexa for supporting the podcast:
Hexawallet.io
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Read_451 – Multisig Appreciation Day [Marty Bent]
“When compared to gold, real estate, stocks, bonds or “fine art” that act as stores of value for many individuals, bitcoin that is held in a multisig wallet is an obvious step-function improvement in many regards.” – Marty Bent
Reading another short Bent from Marty on multisig and how its fundamentally a powerful tool for Bitcoin that isn’t shared with any physical store of value. Guy gets into the concept of “deep” vs “shallow” protection in his take following the piece and how Bitcoin represents an order of magnitude improvement over the security & preservation of value. We should remember to tout multisig with more enthusiasm, its not “just another feature.”
Check out the original and subscribe to Marty’s Bent at the link below:
https://tftc.io/martys-bent/issue-848/
The tweet that inspired it all:
https://twitter.com/AdamTzag/status/1318244929592807425
For a multisig savings, don’t forget to check out HexaWallet and their Savings account, multi-key setup, and clever key splitting backup system. Check out the beta wallet and feel free to ask any questions & add me as a contact!
hexawallet.io
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Read_450 – Getting Lightning Ready for Global Takeover [Roy Sheinfeld]
Breez wallet makes some major announcements today with their first release candidate of the wallet into the wild. Bringing the dream of a fully non-custodial, user-friendly, super easy to use Lightning wallet for anyone coming into Bitcoin. So many new features to go over in this one and talking about the future of lightning and how we can close the UX hurdle. This is not to be missed. Follow Roy Sheinfeld and Breez on Twitter so you dont miss future announcements!
Check out the official announcement here, and of course download and start playing with the Breez Lightning wallet if you haven’t yet!
https://medium.com/breez-technology/the-breez-release-candidate-getting-lightning-ready-for-the-global-takeover-b5d1f9756229
(for those who wanted to get the details on closing and reopening your channels – https://github.com/breez/breezmobile/wiki/How-to-close-Breez’s-channels%3F)
Learn more about the Hodl HTLCs discussed in the commentary at the link below:
https://github.com/lightningnetwork/lnd/pull/4018
And don’t forget to add me as a contact in your Hexa Wallet! Shoot me a DM on twitter or an email and I’ll be happy to add you
A huge thank you to Hexa for supporting the podcast:
Hexawallet.io
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Guy’s Take_034 – TAPROOT IS MERGED!!
A major step toward the next era of Bitcoin was made today. The code is final, and it is now in the Bitcoin codebase as of today. The next steps are an activation method, and a full client release for the network to begin the process of adding it to the global consensus.
But before that happens, let’s talk about where we are today, what advantages Taproot can give us again, & what the future of Bitcoin, privacy, & Lightning are with this new tool at our disposal. Today’s Guy’s Take is all about Taproot, so let’s get into it!
Want to check it out on Github and be a nerd?
https://github.com/bitcoin/bitcoin/pull/19953
For a deeper dive into Taproot check out Aaron Van Wirdum’s piece digging into it on Bitcoin Magazine:
Taproot is Coming:
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_318—Taproot-is-Coming-Aaron-van-Wirdum-e8um0c
Much love to our many patrons making this show possible! If you want to join in with the crew, go to Patreon.com/thecryptoconomy and become a patron!
And another thank you to our sponsor, Hexa Wallet for keeping this show alaive, and for building one of the best mobile wallets out there. With tons of features to come, check it out at HexaWallet.io
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Read_449 – Deeper Down the Rabbit Hole [Knut Svanholm]
“Value is a strange concept because while it is arguably very real, it is entirely subjective, and because of this there is no yardstick or kilogram to measure it against.” – Knut Svanholm
Another from the amazing collection over at Citadel21.com, we dive even deeper down the rabbit hole with Knut’s piece. What does it even mean to measure value with Bitcoin as our totem? What happens to prices in a perfectly finite monetary good? What would a future where the growth and productivity of the economy were captured by the money, rather than stolen by our money masters?
The world is going to be a very different place in a Bitcoin future. The right questions can help us see it, and it’s something that we cannot unsee. So lets dig into Knut’s work, “Deeper Down the Rabbit Hole”
https://www.citadel21.com/deeper-down-the-rabbit-hole
Check out the Hexa Wallet donation account at GuySwann.com/donate, and download the Hexa mobile wallet on the Google Play or Apple App store to start exploring the many awesome features. A huge thanks to them for supporting the podcast!
hexawallet.io
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