Guy’s Take – The Dominoes are Falling [#30]
“We find the global acceptance, brand recognition, ecosystem vitality, network dominance, architectural resilience, technical utility, and community ethos of Bitcoin to be persuasive evidence of its superiority as an asset class for those seeking a long-term store of value.” – Michael Saylor
These are the words of the CEO of MicroStrategy, an enterprise analytics firm that has made a huge investment into Bitcoin, not truly as a speculative avenue, not as a small allocation in order to gain exposure to its potential upside, and protect from downside risk, and not as a means to provide a service for the industry or change their business strategy. They have purchased 21,424 bitcoins after an analysis of the global macro environment, the failing faith in the fiat financial system, and in seeking a long term store of value with significant growth potential.
They have looked at their treasury and compared their options, to either hold the mighty US dollar (the current global reserve currency) or Bitcoin (the most secure, independent digital currency) and have decided that the principal holding of their treasury reserves, would be safer in Bitcoin.
The Dominos are beginning to Fall
Check out the Fidelity article mentioned in this episode to dig further:
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_183—Custody-in-the-Age-of-Digital-Assets-Fidelity-Digital-e2ndoi
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Read_428 – Discovering Bitcoin #4 – A Wrong Turn & A New Plan [Giacomo Zucco]
“While it was pretty difficult for him to take over the very decentralized process of people exchanging gold nuggets, there are now a few big, public, trusted, vulnerable entities he can easily seize control of.” – Giacomo Zucco
Continuing the excellent series of Discovering Bitcoin, this is an awesome set of articles covering thousands of years of monetary history and evolution all the way to The Lightning Network. Today’s part is “A Wrong Turn,” breaking down the process of innovating money to solve the “scaleness” problem, that ended up putting at huge risk of control and corruption, the “hardness” and “darkness” of our money. Into the age of full virtualization, what could possibly solve this? Do we need a New Plan?
Check out the previous parts if you haven’t!
Part 1 – About Time: https://anchor.fm/thecryptoconomy/episodes/Read_422—Discovering-Bitcoin—From-Cavemen-to-Lightning–Part-1-Giacomo-Zucco-ehdkrb
Part 2 – About People: https://anchor.fm/thecryptoconomy/episodes/Read_424—Discovering-Bitcoin-2—About-People-Giacomo-Zucco-ehgquv
PArt 3 – Introducing Money: https://anchor.fm/thecryptoconomy/episodes/Read_426—Discovering-Bitcoin-3-Introducing-Money-Giacomo-Zucco-ehphre
Stack sats automatically in your DCA Bitcoin savings plan at SwanBitcoin.com/Guy and get $10 for FREE to start off!
If you haven’t gotten your collectors copy of the Bitcoin Magazine, you can check it out at the store below!
https://store.bitcoinmagazine.com/
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Read_427 – The Lightning Paradox [Alex B]
“The Jevons paradox is a staple of environmental economics used to describe how the introduction of more efficient technologies tends to increase the consumption of resources rather than decrease it.” – Alex B.
Will Lightning steal fees from Bitcoin miners and threaten the security of Bitcoin into the future? Or will is be the aggregation layer that enables so many additional and higher value use cases for Bitcoin block space, that it may be the very thing necessary to enable the fee growth needed to sustain Bitcoin indefinitely? An excellent piece read today from Alex B…
The Lightning Paradox:
https://medium.com/@bergealex4/the-lightning-paradox-f15ce0e8e374
Don’t let your grandchildren hate you! Stack sats for the long term with a reliable, auto buy savings plan, and get $10 FREE to start at SwanBitcoin.com/guy
The other thing to immunize yourself against your future grandchildrens’ menacing hatred is to tell everyone you know about Bitcoin Audible, and send them on their journey down the rabbit hole!
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Read_426 – Discovering Bitcoin #3 Introducing Money [Giacomo Zucco]
“The goods that fare better in hardness, scaleness and darkness will compete, and the first one to reach a critical mass will start swallowing the others, as far as monetary uses are concerned.” – Giacomo Zucco
Continuing with the excellent series from Giacomo and Bitcoin Magazine, “Discovering Bitcoin: From Cavemen to the Lightning Network,” we dive into Part 3 – Introducing Money. Building of the base concepts of savings in order to acquire time, of durability in a good to store that time, to investment in order to create greater productivity, and then to exchange and specialization, we finally introduce the ultimate good enabling cooperation on a massive scale, Money.
Listen to Parts 1-2 if you haven’t yet to get a foundation for this piece:
Part 1 – About Time: https://anchor.fm/thecryptoconomy/episodes/Read_422—Discovering-Bitcoin—From-Cavemen-to-Lightning–Part-1-Giacomo-Zucco-ehdkrb
Part 2 – About People: https://anchor.fm/thecryptoconomy/episodes/Read_424—Discovering-Bitcoin-2—About-People-Giacomo-Zucco-ehgquv
Other essential reads mentioned in the Guy’s Take section for going deeper down the rabbit hole on the nature & origins of money:
Shelling Out: The Origins of Money [Nick Szabo]
Money, Blockchains, & Social Scalability [Nick Szabo]
Stack sats automatically in your DCA Bitcoin savings plan at SwanBitcoin.com/Guy and get $10 for FREE to start off!
A huge thank you to BitcoinMagazine for making these available and to the Let’s Talk Bitcoin Network for sharing this out to Bitcoiners everywhere!
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Chat_45 – Bitcoin & an Energy Revolution, A panel at the VOB Conf
We have got a great chat that I have been unable to share until now! What is the present and future of Bitcoin mining and the consumption of energy. Is it a terrible reality that could have huge secondary negative effects, or could it ignite an energy revolution? Join Myself, Christian Stoll, Tone Vays, Christopher Bendikson, Jesse Peltan, and Phillip Sandner for an excellent chat!
And stack those sats! Use SwanBitcoin.com/guy to get started with $10 free and start your automatic, sleep like a baby, savings plan now! Don’t be the one who missed out or got stuck starting at charts and ended up with half the Bitcoin trying to outsmart the markets. Save responsibly!
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Read_425 – If You Only Read One Thing Before Buying Bitcoin… [Sylvain Saurel]
“By buying Bitcoin, you are not making a mistake. But if you buy Bitcoin and stop there after your first purchase, you’re making a mistake.” – Sylvain Saurel
A great introduction into Bitcoin by Sylvain that hits the most important rules you need to know before opening the door to the rabbit hole. The monetary system we know is a system the induces inequality and poverty, greed is your enemy, altcoins miss the entire point, not your keys – not your bitcoins, & this will change your life. Today we read, “If You Only Read One Thing Before Buying Bitcoin, Read These Few Lines.”
Link to the original article below! Don’t forget to drop some applause:
https://medium.com/in-bitcoin-we-trust/if-you-only-read-one-thing-before-buying-bitcoin-read-these-few-lines-221cd66235b
Mentioned in the read as another essential piece to explore is Breedlove’s “Masters & Slaves of Money”:
Part 1 – https://anchor.fm/thecryptoconomy/episodes/Read_414—Masters–Slaves-of-Money—Part-1-Robert-Breedlove-egd95h
Part 2 – https://anchor.fm/thecryptoconomy/episodes/Read_415—Masters–Slaves-of-Money—Part-2-Robert-Breedlove-egelgs
And the best way to stack sats is safely and automatically with SwanBitcoin.com/guy (get $10 for free and support the pod with this link!)
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Chat_44 – 2 Bitcoiners Talking Bitcoin with Citizen Bitcoin
Is there anything more to say? Feeling insanely bullish in a chat with Brady of Citizen Bitcoin and SwanBitcoin fame. Don’t miss a great chat with 2 hardcore Bitcoiners talking Bitcoin.
Start your savings plan with swanbitcoin.com/guy – otherwise you are literally dead to me.
Tickets for the greatest Bitcoin conference of 2020!
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Read_424 – Discovering Bitcoin #2 – About People [Giacomo Zucco]
“it clearly involves moral, political and ethical aspects, like the importance of privacy as a human right. I will use the term “darkness” to address this attribute.” – Giacomo Zucco
Continuing the series from Giacomo and Bitcoin Magazine on Discovering Bitcoin: From Cavemen to the Lightning Network. An excellent series with Part 2 working into the concept of specialization and finding those goods that can securely hold value and enable exchange at a new level. If you are new to Bitcoin, this series is a great place to start!
Part 1:
https://anchor.fm/thecryptoconomy/episodes/Read_422—Discovering-Bitcoin—From-Cavemen-to-Lightning–Part-1-Giacomo-Zucco-ehdkrb
I, Pencil – by Leonard Reed
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_123—I–Pencil-Leonard-E–Read-e2ndqm
Don’t forget to start your savings plan with SwanBitcoin.com/guy! Support the show and get $10 for doing it!
Much love to the Let’s Talk Bitcoin Network! Don’t forget to follow them on Twitter and check out the other great shows on the network.
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Read_423 – 3 Reasons I’m Investing in Bitcoin [Lyn Alden]
“If a few percentage points of a portfolio are allocated to it, there is a limited risk of loss… On the other hand, it’s not out of the question for Bitcoin to triple, quadruple, or have a potential moonshot price action from current levels” – Lyn Alden
An excellent article from investment advisor Lyn Alden who has recently become bullish on Bitcoin, both in the immediate future, and possibly for the long term. Breaking down the nature of Bitcoin’s scarcity, the strengthening network effect, the growing security and trust, and the macro environment that could make it an important part of the global financial sphere, we read Alden’s excellent post title “3 Reasons I’m Investing in Bitcoin.”
Check out the original and the numerous charts that reinforce her position, not to mention tons of other great reading at her blog blow:
https://www.lynalden.com/invest-in-bitcoin/
For a popular and interactive view of the Stock-to-Flow price model visit:
digitalik.net/btc
And of course start your long term positioning into Bitcoin today at SwanBitcoin.com/Guy and get $10 free to start off. Dollar cost average and stack sats the best way out there.
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Read_422 – Discovering Bitcoin – From Cavemen to Lightning, Part #1 [Giacomo Zucco]
“In order to be useful for this kind of process, a good must possess a good “hardness”: Any unit of said good should not significantly lose its ability to provide utility if stored over some period of time.” – Giacomo Zucco
Beginning an excellent introductory series into the ideas behind Bitcoin from the broadest spectrum available, taking us through the history of value from Cavemen all the way to the Lightning Network. Today we cover the introduction and part 1 of Discovering Bitcoin by Giacomo Zucco
Check out the original articles at Bitcoin Magazine:
https://bitcoinmagazine.com/articles/discovering-bitcoin-a-brief-overview-from-cavemen-to-the-lightning-network
https://bitcoinmagazine.com/articles/discovering-bitcoin-part-1-time
Don’t forget to start your long term Bitcoin savings at SwanBitcoin.com/Guy
For more great shows from the Let’s Talk Bitcoin Network, check it out below:
https://letstalkbitcoin.com/
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Chat_43 – Totally Bitcoin & Changing Minds with Keyvan Davani
A long and intense discussion on the vast chasms between the normal view of the world, and that which Bitcoin instills and requires of people. In the age of contradict and finger pointing, there is nothing so disruptive as radical personal responsibility.
Don’t miss an awesome chat with Keyvan Davani, host of The Total Bitcoin and The Total Connecter podcasts! So much to unpack, so get ready for a great one.
Check out & follow Keyvan at the links below:
https://twitter.com/keyvandavani
https://www.keyvandavani.com/
Get the best nights sleep in the world with an auto-purchase Bitcoin savings plan at SwanBitcoin.com/guy. It will revolutionize the way you sleep!
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Read_421 – Lightning as a Retail Payment System [Nicolas Burtey]
“Privacy is at the root of Lightning which is a requirement for a retail payment network to succeed. It builds on Bitcoin which does not optimize for privacy⁵ but transparency and robustness.” – Nicolas Burtey & Chris Hunter
As excellent piece today from the Galoy Money team that compares the current world of retail payment infrastructure with the incredible potential of a similarly architected, but fundamentally more open, permissionless, private, and censorship resistant payments system built with the Bitcoin & Lightning protocol stack. An excellent piece with a sobering, but hugely bullish vision of a Bitcoin future.
Check out the original and drop some massive applause for this piece at the link below:
https://medium.com/galoymoney/lightning-as-a-retail-payment-system-part-1-7463c46342ef
Start your stacking if you haven’t! The train is leaving the station! swanbitcoin.com/guy will get you $10 free to start, and set your auto-purchase Bitcoin savings plan in motion. Set it and forget it.
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