Guy’s Take on the Bill Bert Podcast with Anthony Pompliano [#29]
Today’s Guy’s Take is a response to the Bill Bert podcast with Anthony Pompliano! What did Pomp miss? What did he get wrong? Lets do something a little different with this episode, and feel free to check out the video by finding it on YouTube with links and other things provided in the shownotes. Let me know what you think, and don’t forget to subscribe!
Watch Episode 20 of the Bill Bert Podcast on youtube below:
https://youtu.be/UbMaPYX52go
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Read_420 – BIP 9, 8, or MSFA, How Bitcoin Could Upgrade Next [Aaron Van Wirdum]
“This risk is probably best countered by offering enough time to upgrade. Unfortunately, not everyone agrees on how much time is enough; some think forced signaling could start within a year, others believe it should take several years.” – Aaron Van Wirdum
Taproot is here! Now just how the hell do we decide to do the upgrade? Aaron Van Wirdum brings us another great piece at Bitcoin Magazine on the varied discussions on how to implement a Bitcoin soft fork in the post-SegWit days. Do we have PTSD, or are we ready for another leap in the Bitcoin protocol?
Check out the original at Bitcoin Magazine:
https://bitcoinmagazine.com/articles/taproot-coming-what-it-and-how-it-will-benefit-bitcoin
For further reading/listening on Segwit, Taproot, Schnorr, & more, check out these other awesome articles below:
Taproot is Coming
• https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_318—Taproot-is-Coming-Aaron-van-Wirdum-e8um0c
The Long Road to Segwit
• https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_054—The-Long-Road-To-Segwit-e2ndsv
Schnorr Signatures & The Inevitability of Privacy
• https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_226—Schnorr-Signatures–The-Inevitability-of-Privacy-in-Bitcoin-Lucas-Nuzzi-e3jfhi
Paying Yourself for Privacy on Lightning
• https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_352—Paying-Yourself-for-Privacy-on-Lightning—Aaron-Van-Wirdum-eaq2go
Simplifying Lightning with the “No Input” Class
• https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_297—Simplifying-Lightning–The-Noinput-Class-Aaron-Van-Wirdum-e5fhoa
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Read_419 – Twitter Hack & The Need for a User-Owned Internet [Nic Carter]
“Trusted third parties are security holes” isn’t just a slogan; it’s a concept that millions of people will have intuitively grasped for the first time yesterday.” – Nic Carter
I’m sure you’ve heard about the insane social media takeover by a hacker looking to make a little Bitcoin by now. Nic Carter writes an op-ed on Coindesk breaking down his take on the event and how it calls attention to the huge problems of centralization on the web and social media, and what the possible solutions might look like. Will this finally push massive change in online security, or will it be quickly forgotten like the many hacks before it?
Original article as well as links to some other fascinating reads by Nic below:
https://www.coindesk.com/after-twitter-hack-we-need-user-owned-internet-more-than-ever
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Read_418 – Bitcoin, More Than An Inflation Hedge [Nick Neuman]
“Bitcoin’s capped supply is one of its most well-known features, and it is regularly cited as a hedge against inflation caused by government money printing.
Most people don’t know that Bitcoin has another attribute that acts as a hedge against a far larger risk.” – Nick Neuman
Today we read a short article on BitcoinMagazine that shines light an incredible benefit of the Bitcoin system that isn’t so widely understood. It isn’t simply an independent monetary policy, its an independent monetary *system,* and by that fact a hedge against the instability of much more than merely inflation. Listen to today’s episode to find out more!
Link to the original with tons more to explore from the author and recent articles at Bitcoin Magazine:
https://bitcoinmagazine.com/articles/bitcoin-more-than-an-inflation-hedge
Mentioned, The Yield from Money Held by Hans Hoppe:
Read: https://mises.org/library/yield-money-held-reconsidered#:~:text=According%20to%20Keynes%2C%20the%20government,stimulate%20both%20consumption%20and%20investment.
Listen: https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_122—The-Yield-From-Money-Held-Reconsidered-e2ndqn
A huge thanks to LTBN, Bitcoin Magazine, and of course Swan Bitcoin! Start your auto stacking of sats and get $10 free at SwanBitcoin.com/Guy
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Chat_42 – Project Snow White & the Raleigh Bitcoin Meetup
• DeFi
• Prices & Markets
• Bitcoin & the global power struggle
• Political insanity
• Apolitical? Super-Political? Omni-Political?
• Hard Money Film
• Lightning Attacks
• Minimum wage
& tons more!
Another awesome episode with the Raleigh crew digging into so many topics on Bitcoin & and the state of the world.
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Read_417 – On Schelling Points, Network Effects, & Lindy [Willem Van Den Bergh]
“This rationale also completely demolishes the “blockchain not Bitcoin” mantra as the Schelling point is purely based on bitcoin the money, not blockchain the technology.” – Willem Van Den Bergh
Why do communication protocols tend towards monopoly? What is it in the nature of networks that lends dominance in a single medium, in the way VHS killed the very existence of BetaMax, how Blu-ray pushed HD-DVD into obscurity? What can Schelling Points, the Lindy Effects, and what we know about networks inform us about these unique systems, and do they demonstrate the limits of free markets? Don’t miss this incredible piece from Willem “On Schelling Points, Network Effects, & Lindy.”
https://medium.com/@willemvandenbergh_85885/on-schelling-points-network-effects-and-lindy-inherent-properties-of-communication-c4eb69b55c60
A great listen to accompany this one is Nick Szabo’s “Shelling Out”:
https://anchor.fm/thecryptoconomy/episodes/Reboot—Shelling-Out-The-Origins-of-Money-Nick-Szabo-e9omme
Sleep comfortably tonight, stack sats automatically with the lowest hassle, lowest cost Bitcoin savings plan. SwanBitcoin.com/guy
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Read_416 – The Root of Money? [Atlas Shrugged]
“Rearden heard Bertram Scudder, outside the group, say to a girl who made some sound of indignation, “Don’t let him disturb you. You know, money is the root of all evil – and he’s the typical product of money.”
Rearden did not think that Francisco could have heard it, but he saw Francisco turning to them with a gravely courteous smile…” – Ayn Rand
Reading the famous speech by character Francisco D’Anconia in the novel “Atlas Shrugged” on the root of all money. This one had a profound effect on my understanding of economics and money in the beginning of my journey down the rabbit hole, that ultimately led me to Bitcoin. Enjoy.
Use swanbitcoin.com/guy for sound money.
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Read_415 – Masters & Slaves of Money – Part 2 [Robert Breedlove]
“When we stop conceiving of central banking as an economics story, and start to see it as a crime story, we are beginning to get the true picture.” – Robert Breedlove
The epic conclusion of Breedlove’s “Masters and Slaves of money,” and the inevitable Guy’s Rant further exploring just how poisonous the corruption of our money is on the sustainability and moral fabric of society.
Click the crap out of the applause button on the medium article below, and don’t forget the many links for exploring tons of other great works:
https://medium.com/@breedlove22/masters-and-slaves-of-money-255ecc93404f
What Does 1 Trillion Dollars Look Like?
https://www.youtube.com/watch?v=g4Rva4KmtmQ
Secure your Bitcoin savings with the best and lowest cost auto-buy service in the ecosystem at SwanBitcoin.com/guy
Thanks to the Let’s Talk Bitcoin Network & Bitcoin Magazine for including Bitcoin Audible and spreading these incredible works to everyone in the Bitcoin space!
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Read_414 – Masters & Slaves of Money – Part 1 [Robert Breedlove]
“Money is a tool for trading human time. Central banks, the modern-era masters of money, wield this tool as a weapon to steal time and inflict wealth inequality.” – Robert Breedlove
Breedlove brings us another excellent write up, this time on the nature of monetary masters and the power dynamic they embody. Exploring the Trans-Atlantic slave trade, the monetary origins of the decline of Western Africa, the logos, and the free speech of human value and time, “Masters & Slaves of Money” is a brilliant investigation to the monetary hierarchy of our world, and how its control has shaped history.
We will break through this piece in 2 parts, starting with today, Part 1 of “Masters & Slaves of Money” by Robert Breedlove.
https://medium.com/@breedlove22/masters-and-slaves-of-money-255ecc93404f
Secure your Bitcoin savings with the best and lowest cost auto-buy service in the ecosystem at SwanBitcoin.com/guy
Thanks to the Let’s Talk Bitcoin Network & Bitcoin Magazine for including Bitcoin Audible and spreading these incredible works to everyone in the Bitcoin space!
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Read_413 – Bitcoin, A Declaration of Monetary Independence [Jimmy Song]
“The system is rigged.” – Jimmy Song
How does out monetary system work and what does it even mean for the government and central bank to have printed trillions of dollars to hand out to everyone, as if we could all just print our way to infinite riches? Is that possible? Does that even make sense? Or is there a better and more fair monetary system at our disposal that reveals the injustices of the current system, and presents a grain of hope for our future?
Bitcoin: A Declaration of Monetary Independence from Jimmy Song!
https://medium.com/@jimmysong/bitcoin-a-declaration-of-monetary-independence-63dee34bdff9
For another great piece to get jacked about taking back our sovereignty on Independence Day, listen to Brady Swenson’s article of the same title, “A Declaration of Monetary Independence”!
https://anchor.fm/thecryptoconomy/episodes/Read_384—A-Declaration-of-Monetary-Independence-Brady-Swenson-ed66jv
Start saving in sound independent money today, don’t contribute to the corrupt fiat monster any longer, by auto-buying Bitcoin on a regular basis at SwanBitcoin.com/guy. You’ll get $10 free to start you off, and you’ll always have a hedge against the money printer.
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Read_412 – Bitcoin’s Town Square [Zane Pocock]
“Mempools are the centerpiece of the entire Bitcoin economy. And they are totally underrated.” – Zane Pocock
Today we dig into a unique mental framework of the Bitcoin mempool and how to understand its significance and the fascinating role it plays in the global bidding war for Bitcoin block space. A work by first time author Zane Pocock at MempoolReview.com, Guy reads “Bitcoin’s Town Square” & expands on exactly how he views the open information market working tirelessly to find the right price for a Bitcoin confirmation.
The original article with numerous other great links in the read:
https://www.mempoolreview.com/bitcoins-town-square/
An essential piece mentioned in the read is Hayek’s essential work:
The Use of Knowledge in Society Part 1
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_250—Use-of-Knowledge-in-Society-Part-1—F–A–Hayek-e43pfj
The Use of Knowledge in Society Part 2
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_251—Use-of-Knowledge-in-Society-Part-2—F–A–Hayek-e444k0
For $10 free in Bitcoin, start your auto purchase Bitcoin savings plan with the lowest fees available at swanbitcoin.com/guy. There is no better sleep on the market than knowing you are always stacking sats!
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Read_411 – 21 Million is Non-Negotiable [Phil Geiger]
“Distorting supply only serves to distort a currency’s ability to perform its job of storing and communicating value; it can’t make a currency more valuable or secure.” – Phil Geiger
Digging back into the Unchained Capital Blog we find a fascinating framing of the problem of Bitcoin’s security at the end of the block subsidy era, where costs will be paid directly by those making transactions. Will the network be secure, or will we need more inflation, breaking the ultimate value of the system itself, in order to subsidize the hashes protecting the timechain? Find out in today’s article, “21 Million is Non-Negotiable” by Phil Geiger.
The full article is found below, plus the incredible list of other work at the Unchained Blog:
https://unchained-capital.com/blog/21-million-is-non-negotiable/
Get your slice of the 21 million today while you can still easily buy millions of sats for very little! The best way is to auto-purchase at a regular interval so you are always saving your money in the scarcest good in the world. For $10 free to start off, go to SwanBitcoin.com/guy!
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