Chat_029 – With David Hollerith & the Bitcoin Magazine Podcast
Don’t forget to check out the Bitcoin Magazine Podcast and follow Dave on Twitter!
https://twitter.com/DsHollers
https://twitter.com/BitcoinMagazine
Additional resources from the chat:
• Does Bitcoin Need Accountants? (audio)
• A Most Peaceful Revolution (audio)
• Cryptoconomy website
• Bitcoin Time Traveller (audio)
• Bitcoin Is Worse Is Better (audio)
• The Sovereign Individual
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Read_330 – Does Bitcoin Need Accounts? [Aaron Van Wirdum]
Another clever & censorship resistant system for identity within the Bitcoin system is being proposed. Called “Easypaysy,” developer Jose Femenias Canuelo has created a system to safely & independently create a static on-chain account system, that would solve the need both of having to reuse Bitcoin addresses, & having to constantly generate new ones for every payment. Today we read the Bitcoin Magazine article by none other than Aaron Van Wirdum breaking down exactly what it is, how it works, and what it might mean for the future of interfacing with the Bitcoin system.
A huge thank you to the Let’s Talk Bitcoin Network and the crew over at Bitcoin Magazine for letting me cover all of their incredible content! Its exciting to join the many great shows on the LTBnetwork and get the best written works in Bitcoin to all those who don’t have the time to read them. Don’t forget to check out the full article plus other links to the white paper for further exploring this new tool:
https://bitcoinmagazine.com/articles/bitcoin-need-accounts-one-developer-thinks-figured
https://twitter.com/BitcoinMagazine
https://twitter.com/AaronvanW
Do NOT miss out on Aaron’s other works, here’s a list of a handful of his other great articles we’ve covered in audio:
• Taproot is Coming
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_318—Taproot-is-Coming-Aaron-van-Wirdum-e8um0c
• Simplifying Lightning, The “No Input” Class
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_297—Simplifying-Lightning–The-Noinput-Class-Aaron-Van-Wirdum-e5fhoa
• A Cryptoconomy Chat with Aaron VW!
https://anchor.fm/thecryptoconomy/episodes/CryptoChat_018—Investigating-Bitcoin-with-Aaron-Van-Wirdum-e4rt9e
• Statechains – Sending Keys, Not Coins
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_272—Statechains–Sending-Keys-Not-Coins-Aaron-Van-Wirdum-e4mue1
• Understanding the Lightning Network Parts 1-3
Part 1 – https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_047—Understanding-The-Lightning-Network-Part-1-e2ndtd
Part 2 – https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_048—Understanding-The-Lightning-Network-Part-2-e2ndt4
Part 3 – https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_049—Understanding-The-Lightning-Network-Part-3-e2ndtc
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Read_329 – Bitcoin, Not Blockchain [Parker Lewis]
Next up in the Gradually, Then Suddenly series by Parker Lewis and available on the incredible blog over at unchained-capital.com is “Bitcoin, Not Blockchain.”
There is nothing about blockchain that makes it inherently immutable. Immutability emerges over time as the consequence of economic incentives and a native monetary unit that secures those incentives. It is hard won in the battle of monetary competition, something that cannot be copied or challenged with frivolous features, or arbitrary “utility.” Parker breaks it all down in his great article, “Bitcoin, Not Blockchain.”
Don’t forget to check out the Unchained Capital Blog for tons of great written works by Parker and others:
https://www.unchained-capital.com/blog/bitcoin-not-blockchain/
Check out all the other great pieces we’ve covered recently in the Gradually, Then Suddenly series:
Gradually, then Suddenly [the series so far]
1 – https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_290—Gradually–Then-Suddenly-Parker-Lewis-e55nu4
2 – https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_291—Bitcoin-Cant-Be-Copied-Parker-Lewis-e58g11
3 – https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_302—Bitcoin-is-Not-Too-Volatile-Parker-Lewis-e6diss
4 – https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_306—Bitcoin-Does-Not-Waste-Energy-Parker-Lewis-e7ojph
5 – https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_321—Bitcoin-is-Not-Too-Slow-Parker-Lewis-e93sbj
6 – https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_324—Bitcoin-Fixes-This-Parker-Lewis-e97cia
If you want to support the show and join the Cryptoconomy Telegram crew, become a patron below!
https://www.patreon.com/thecryptoconomy
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Read_328 – Under a HEX [Goldman Sats]
The scams in the Bitcoin & crypto space are, unfortunately, not low in number. Sometimes the only safe option is to ignore them, but there are the few occasions that require a thorough breakdown of just how the scam works, in hopes of protecting the often naive and uninformed noobs that enter this space. Today we read a piece by Goldman Sats breaking down the inner workings of the HEX scam, and how it is designed for one thing, and one thing only, to take your money.
Listen to find out more!
Don’t forget to drop the max applause on this article and for @TooWumboToFail’s excellent research into how this works and making it available to everyone. And if you ever hear word of someone thinking of participating, don’t forget to send them to this article or episode before they do.
https://medium.com/@TooWumboToFail/under-a-hex-396847b86e57
Here is the “advanced analysis of how HEX works” link buried in the website so anyone who wants to explore further can do so.
https://docs.google.com/document/d/1P0ZDaBQx4ghkdX5IUwZb1n8ThvYf7i22MSt9Gm00JRU/edit
If you want to support the show and join the Cryptoconomy Telegram crew, become a patron below!
https://www.patreon.com/thecryptoconomy
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Chat_028 – Horny for Justice at the Raleigh Meetup
Is Bitcoin really a religion?
Is all money some form of religious institution?
What happened to Virgil Griffith?
Are juries the best or worst idea for finding justice?
These are the important questions that we answer at the Raleigh Meetup Podcast! Listen to today’s episode and dont forget to check out the Raleigh Meetup podcast for an awesome chat every week!
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Read_327 – Bitcoin is Worse is Better [gwern]
Is Bitcoin the perfect money, or is it the worst money that solves the most essential problem, as simply and reliably as possible? In true “New Jersey” style, Bitcoin doesn’t attempt to be everything, it attempts to do ONE thing as beautifully, & as unambiguously as possible.
Today we read a fascinating piece from Bitcoin’s rich history, originally published in 2011, and edited, added to, and updated for years since. At Gwern.net, Bitcoin is Worse is Better:
https://www.gwern.net/Bitcoin-is-Worse-is-Better
Don’t forget to check out the original piece with a literal ocean of links and further exploration. If you want to waste 15 minutes, or half a day, there’s more than enough to explore.
As a great (& short) read to accompany this on the “Rise of Worse is Better” philosophy, check out the original post by Richard P. Gabriel below:
https://dreamsongs.com/RiseOfWorseIsBetter.html
For more on the history of Bitcoin, the open source movement, and the “worse is better” design philosophy, I highly recommend the Iterative Capital Thesis on The Cryptocurrency Phenomenon:
https://anchor.fm/thecryptoconomy/episodes/Whats-Really-Driving-the-Cryptocurrency-Phenomenon—-The-Iterative-Capital-Thesis-e2u7qq
If you want to support the show and join the Cryptoconomy Telegram crew, become a patron below!
https://www.patreon.com/thecryptoconomy
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Read_326 – Innovations in Bitcoin’s Technology Stack [Lucas Nuzzi]
For everyone that tells you Bitcoin is a stagnant technology going nowhere, this is the article to point them to. Another be returning author Lucas Nuzzi, we cover a piece that touches on the plethora of developments happening across all fronts in the Bitcoin ecosystem. Much like the development of the internet, Bitcoin has the benefit of building a modular protocol stack to solve a vast array of problems without compromising the underlying network. A great read to close the week.
Follow Lucas Nuzzi on Twitter, be sure to drop some applause on the article, check out the link to explore all the crazy stuff discussed in this piece, and lastly check out Digital Assets Research for more great work:
https://medium.com/digitalassetresearch/a-look-at-innovation-in-bitcoins-technology-stack-7edf877eab14
Check out the other great reads we have by Lucas!
Schnorr Signatures & the Inevitability of Privacy
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_226—Schnorr-Signatures–The-Inevitability-of-Privacy-in-Bitcoin-Lucas-Nuzzi-e3jfhi
The Resolution of the Big Block Experiment
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_218—The-Resolution-of-the-Big-Block-Experiment-Lucas-Nuzzi-e3g7ms
The Liquid Network w/ Thoughts from Lucas Nuzzi
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_166—Liquid-Network-Launch-and-Thoughts-from-Lucas-Nuzzi-e2ndp8
If you want to support the show and join the Cryptoconomy Telegram crew, become a patron below!
https://www.patreon.com/thecryptoconomy
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Money, Bitcoin, & Time – by Robert Breedlove
Money is the tool that enables human exchange and prosperity…
Bitcoin is a sovereign, sound, digital form of money…
Time is the only true scarcity that exists for humanity…
Listen to a walk through the Bitcoin perspective and the rich history that enlightens the story for Bitcoin’s immense monetary potential. Reading the unabridged audiobook of Money, Bitcoin & Time, written by Robert Breedlove. Link below to the original PDF to explore the data and graphics or the extraordinary list of reads in the sources on pages 89-90.
https://www.parallaxdigital.io/blog
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Read_325 – Lightning, Why I Quit the Bond Market for Bitcoin [Nik Bhatia]
Another of the many great pieces from Nik Bhatia getting into the impact and scope of the system that the Lightning Network could become. Bitcoin is neither just a store of value, nor just a medium of exchange, it’s both. The LNP/BP protocol stack is taking us into the future, hear all about it in today’s read from Nik Bhatia, now part the OpenNode team, titled “The Lightning Network: Why I Quit the Bond Market for Bitcoin.”
Link to Nik’s Twitter and the original article on his Medium page:
https://twitter.com/timevalueofbtc
https://medium.com/@timevalueofbtc/the-lightning-network-why-i-quit-the-bond-market-for-bitcoin-12693120039f
The other great pieces by Nik we have covered on the show:
The Triumvirate of Liquidity
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_317—The-Triumvirate-of-Liquidity-Nik-Bhatia-e8t41e
Bitcoin is a Human Right
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_269—Bitcoin-is-a-Human-Right-Nik-Bhatia-e4jtga
The Business of Bitcoin Cold Storage
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_182—The-Business-of-Bitcoin-Cold-Storage-Nik-Bhatia-e2ndoj
Our 3rd ever Interview with Nik Bhatia all about the future of Capital Markets
https://anchor.fm/thecryptoconomy/episodes/CryptoChat_003—Nik-Bhatia-on-The-Future-of-Bitcoin-Financial-Markets-e2ndqv
The Bitcoin Second Layer
https://cryptoconomy.podbean.com/e/cryptoquikread_132-the-bitcoin-second-layer/LNRR
The Time Value of Bitcoin
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_143—The-Time-Value-of-Bitcoin-e2ndq2
The Bitcoin Risk Spectrum
https://cryptoconomy.podbean.com/e/cryptoquikread_109-the-bitcoin-risk-spectrum/
Grab your copy of the Little Bitcoin Book or listen to the audiobook read by me!
https://www.amazon.com/Little-Bitcoin-Book-Matters-Finances/dp/1641990503/ref=sr_1_1?crid=2K1ZY3IJWOWZE&keywords=the+little+bitcoin+book&qid=1575326799&sprefix=the+littel+bitcoin%2Caps%2C156&sr=8-1
Join me at the Bitcoin maximalist conference next year! Get tickets for BitBlockBoom2020 at the link below – offer code CC for 30% off! BitBlockBoom.com
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Chat_027 – Boomer Bucks & the Raleigh Meetup
Don’t be the oblivious boomer who lets their hard work get sucked away by that garbage Boomer Bucks currency. Be a part of the future, and Buy Bitcoin!
Another fun chat with the Raleigh Bitcoin Meetup!
Check out the Raleigh Meetup Podcast and subscribe so you don’t miss them:
https://anchor.fm/raleigh-bitcoin-meetup
Get your copy of “The Little Bitcoin Book” in print or audio (read by your truly) for those long holiday drives:
https://www.amazon.com/Little-Bitcoin-Book-Matters-Finances-ebook/dp/B07W957N7T
Join me at BitBlockBoom2020 for an awesome time with the best of the Bitcoin maximalists!
https://bitblockboom.com/
And of course, if you want to join the Cryptoconomy Telegram and hang out with the crew, become a patron below:
https://www.patreon.com/thecryptoconomy
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Read_324 – Bitcoin Fixes This [Parker Lewis]
An economy leveraged 150:1
A spiraling tower of debts to pay for our previous debts
Central Banks repeating the same policies that caused our problems as their solutions
The confiscation through counterfeit of $Trillions in economic production
Massive distortions of the price mechanism
& monetary authorities who argue over not whether they should, but by how much they will debase our hard earned money
Bitcoin Fixes This.
Part 6 in the Gradually, Then Suddenly series by Parker Lewis from the Unchained Capital blog.
Unchained just dropped the “greatest hits” collection of their blog, tons of great content to explore below:
https://unchainedcap.wpengine.com/greatest-hits/
Mentioned in the show:
Use of Knowledge in Society – Parts 1 & 2
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_250—Use-of-Knowledge-in-Society-Part-1—F–A–Hayek-e43pfj
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_251—Use-of-Knowledge-in-Society-Part-2—F–A–Hayek-e444k0
If you want to support the show and join the Cryptoconomy Telegram crew, become a patron below!
https://www.patreon.com/thecryptoconomy
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Read_323 – Transaction Count is an Inferior Measure [Nic Carter]
To think of the value of a global, jurisdiction-less, “money-for-enemies” network as nothing more than the result of how many transactions it can do on the base layer, is to miss the point entirely. The difference between the payments systems and settlement systems of the world, their degree of assurances, and the desirable characteristics of their operation are often diametrically opposed. Listen to another of Nic Carter’s excellent pieces to learn all about how “Transaction Count is an Inferior Measure.”
Check out the original post (great charts illustrating his argument) on Nic’s Medium page, plus the tons of other great written content he publishes regularly:
https://medium.com/@nic__carter/transaction-count-is-an-inferior-measure-fba2d5ac97f1
Another great tool to show the relative “speed” of competing networks:
https://howmanyconfs.com/
Other great work in audio from Nic Carter:
• A Most Peaceful Revolution
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_293—A-Most-Peaceful-Revolution-Nic-Carter-e5bfpm
• A Most Peaceful Revolution (Guy’s Follow Up)
https://anchor.fm/thecryptoconomy/episodes/GuysTake_23—Revolution-in-the-Protocol-on-Nic-Carters-Peaceful-Revolution-e5cap9
• Unpacking Bitcoin’s Assurances
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_281—Unpacking-Bitcoins-Assurances-Nic-Carter-e4sn3r
• How to Scale Bitcoin Without Changing a Thing [parts 1 & 2]
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_238—How-to-Scale-Bitcoin-Without-Changing-a-Thing-Part-1—Nic-Carter-e3qgfg
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_239—How-to-Scale-Bitcoin-Without-Changing-a-Thing-Part-2—Nic-Carter-e3qsvi
• Bitcoin’s Existential Crisis
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_181—Bitcoins-Existential-Crisis-Nic-Carter-e2ndok
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