CryptoChat_014 – Aleks Svetski on the Death of Blockchain

I got a chance to sit down with Aleks Svetski of the Amber App & blockchain bashing fame at the Bitcoin2019 conference. The Citizen Bitcoin crew joins us to hear his story of bashing ICOs at an ICO conference, and speaking about the Death of Blockchain at a blockchain conference.  Don’t miss this one.

Aleks other great articles mentioned on the show:
https://bitcointimes.news/ (“Blockchain is Dead”)
https://hackernoon.com/why-bitcoin-matters-c8bf733b9fad
https://hackernoon.com/homo-sapiens-evolution-money-bitcoin-33f69701de
(in audio)
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_075—Homo-Sapiens–Evolution–Money–Bitcoin-e2nds7

Follow Aleks on Twitter below:
https://twitter.com/AleksSvetski

Check out his interview on Citizen Bitcoin for more:
https://citizenbitcoin.world/episodes/aleks-svetski-why-bitcoin-matters-why-i

And don’t forget to check out the Amber App:
https://getamber.io/

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CryptoQuikRead_264 – A Man Warned is Half Saved [beautyon_]

Another excellent piece by @beautyon_ and discussion on the nature of Bitcoin’s uncontestable monetary standard and what it means for our future.  Its not volatility or the risks of a scarce monetary supply, “The danger is being left out of Bitcoin.”  You have been warned.

Plus I do a short follow-up and general thanks to the BTCMedia and BitcoinMagazine crew for such an awesome Bitcoin2019 conference! Had more fun than should be allowed, lol!

“A Man Warned is Half Saved”:
https://hackernoon.com/a-man-warned-is-half-saved-f26ff3e9ab38

Follow @Beautyon_ on Twitter for other excellent work and insight, plus check out the Hackernoon publication for all things nerd & tech:
https://twitter.com/Beautyon_
https://hackernoon.com/

Also! BitcoinMagazine is back in print! Don’t forget to grab the 10 Year Anniversary Edition below before they stop printing:
https://store.b.tc/products/bitcoin-magazine-10th-anniversary-edition

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CryptoChat_013 – Richard Myers and a Lightning Powered Global Mesh

Today we have a great chat with Richard Myers all about the recently unveiled Lot49 protocol and how Global Mesh Labs intends to incentivize and help build a global, decentralized meshnet powered by Lightning! 

Check out the website and read the whitepaper for a deep dive into the project:
https://globalmeshlabs.org/

Don’t forget to join the telegram for any questions or to join the community:
https://t.me/joinchat/HvhpZhT_q4VYUgXm5hOFGA

Follow Richard Myers & Global Mesh Labs on Twitter to stay up on new developments and applications:
https://twitter.com/remyers_
https://twitter.com/GlobalMeshLabs

I forgot to mention on the show, but don’t miss out on following the amazing GoTenna project & Daniela Perdomo, the CEO/co-founder working to make this a reality (check out her 2017 talk that inspired Lot49):
https://twitter.com/goTenna
https://twitter.com/danielaperdomo
https://www.youtube.com/watch?v=SWl2HBNyK48
And if, like me, you now feel you have no choice but to start working on your satellite node, you can find the details of that project below:
https://blockstream.com/satellite/

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CryptoQuikRead_262 – The Bitcoin Time Traveler [Luka_Magnotta]

A message from the future… from 2013.  Just one of those memes that made its place in Bitcoin’s cultural history, we read the infamous Reddit post that laid out the bleak, Bitcoin-only future that lies ahead of us.  Can we stop it, before its too late?

Link to the OP:
https://www.reddit.com/r/Bitcoin/comments/1lfobc/i_am_a_timetraveler_from_the_future_here_to_beg/

Donate below if you would like to support this show:
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CryptoQuikRead_262 – The Island of Stone Money [Milton Friedman]

Does money need some alternative utility?  Is there an example of virtual money that could be hundreds of years old?  Today we read about one of the most interesting analogies to the nature and value of Bitcoin in the piece, “The Island of Stone Money” by Milton Friedman.  Made available by the Hoover institute and published in 1991.  

Don’t forget to check out the huge collection available at the Hoover Institute, including numerous works by Milton Friedman.
https://www.hoover.org/publications/economics-working-papers
https://miltonfriedman.hoover.org/friedman_images/Collections/2016c21/Stanford_02_01_1991.pdf

Other episodes and content mentioned in the show:
Friedman’s “Free to Choose” Series – https://www.youtube.com/watch?v=D3N2sNnGwa4
The Triple-Entry Revolution of Bitcoin – https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_255—Bitcoin-An-Accounting-Revolution-e473tj

There is no sponsor due to the licensing with this work, if you value what I do with this show, please donate to help keep this project alive!  Thanks!

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CryptoQuikRead_261 – The God Protocols [Nick Szabo]

“Imagine the ideal protocol. It would have the most trustworthy third party imaginable — a deity who is on everybody’s side. All the parties would send their input to this god. God would reliably determine the results and return the output. In addition, God, being the ultimate in confessional discretion, would ensure that no party would learn anything more about the other party’s input than they could learn from their own input and the output.”  – Nick Szabo
Another great piece by Szabo about the implications of a multi-party virtual computer and the incredible possibilities that such a protocol could open up. With amazing foresight, Szabo wrote this piece in 1997, detailing many of the trade-offs and complications in creating a shared system just like Satoshi’s.  Is Bitcoin The God Protocol he hoped to see?

Don’t forget to check out the collection at the Nakamoto Institute & Szabo’s Unenumerated blog:
https://nakamotoinstitute.org/the-god-protocols/
https://unenumerated.blogspot.com/2007/08/mutually-private-computation.html

Be sure to follow @nickszabo4 and the @NakamotoInst on twitter!

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GuysTake_019 – Libra Doesn’t Compete with Bitcoin, But it Might Kill Ripple

All the buzz is about FacebookCoin, I mean FacePalmCoin, I mean Libra today with the release of the testnet and Libra.org giving much sought after details on the new protocol and what they seek to accomplish with it.  The big question, can it do any of what it says, and what other projects does it compete with really?  We read numerous twitter posts, including a great thread by Caitlin Long, tweets from Andreas, details sourced by Jameson Lopp, and more in today’s Guy’s Take episode.

More Links to check out for further exploration:
libra.org
https://medium.com/@lopp/thoughts-on-libra-blockchain-49b8f6c26372
https://www.forbes.com/sites/caitlinlong/2019/06/09/what-facebooks-cryptocurrency-means-6-predictions/#1ac25ac57022

Twitter threads and posts mentioned in the show:
https://twitter.com/aantonop/status/1140939860997562368
https://twitter.com/CaitlinLong_/status/1140963988546547713
https://twitter.com/lopp/status/1140936932203126784
https://twitter.com/aantonop/status/1140937902081417216

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CryptoQuikRead_260 – Why America Can’t Regulate Bitcoin [beautyon_]

This one should not be skipped!   

There is a fascinating precedent set by case law and the long battles over PGP and US “munitions” laws, that gives us a rather clear conclusion on how Bitcoin should be treated by the US government.  The short version?  Bitcoin is speech, plain and simple, and should be subject to a total of *0* federal or state laws on money transmission, KYC/AML, financial regulations, etc. This is not an opinion, but an objective and clear truth. Listen to a thorough argument from @beautyon_ explaining exactly why.

Don’t forget to drop some applause on the original article over at the HackerNoon Medium page:
https://hackernoon.com/why-america-cant-regulate-bitcoin-8c77cee8d794

Below is another excellent article by @beautyon_ we covered recently about Bitcoin, and the nature of system critical software:
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_254—Bitcoin–Software-Reliability-e46lnu

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CryptoChat_12 – Talking Privacy, Bitcoin & the New Economy with the Raleigh Bitcoin Meetup

At the recent Raleigh Bitcoin meetup we had an awesome discussion all about privacy and bitcoin, and the intertwined destinies of both. Hanging out with some drinks and talking all about Bitcoin, what could be better?  Thanks to all the crew who helped out and participated!

Be sure to check out:
https://cryptoconomy.life/
The BitANN.io project
Paywall.link
https://www.meetup.com/The-Raleigh-Bitcoin-Meetup
https://www.meetup.com/Triangle-Bitcoin-Meetup

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GuysTake_18 – A Story About Booms & Busts

Today I wanted to cover an analogy I have hit in the past to explain what’s happening in the boom/bust cycle.  One that sheds light on the fact that the imbalance is a fundamental element of the fractional reserve system, rather than an unexplainable flaw of humanity shrugged away by “animal spirits.”  

What do cars, tickets, and vacation plans have to do with the boom/bust cycle?  Listen to find out!

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CryptoQuikRead_259 – Lightning at the End of the Tunnel [Roy Sheinfeld]

This is an episode not to be missed. With a beta project focused entirely on the user experience, the @Breez_tech wallet is making a huge leap in the UX of Lightning that I thought was still months or even a year away.  Very excited to discuss it and read an excellent article about all the challenges in the Bitcoin/Lightning user experience, and how they will be overcome.  By Roy Sheinfeld, co-Founder of Breez Technology, today we read:

Lightning at the End of the Tunnel: Overcoming Bitcoin’s UX Challenges
https://medium.com/breez-technology/lightning-at-the-end-of-the-tunnel-overcoming-bitcoins-ux-challenges-5738171c759e

Check out the project on Twitter, check out their website, & Sheinfeld’s Medium page to stay up to date on developments:
https://twitter.com/Breez_Tech
https://breez.technology/
https://medium.com/breez-technology/lightning-at-the-end-of-the-tunnel-overcoming-bitcoins-ux-challenges-5738171c759e

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GuysTake_017 – Erlay, Dandelion, & BitcoinOps

With help from the Bitcoin Optech newsletter we cover details and implications of the newly proposed Erlay protocol for spreading transactions quickly and efficiently across the network.  An 84% reduction in bandwidth for getting transactions to every node, is certainly nothing to scoff at.  With effects on network efficiency and privacy, let’s talk Erlay, Dandelion, & BitcoinOps!

Don’t forget to check out and follow the completely free BitcoinOptech Newsletter to stay up on all the new developments in Bitcoin and lightning:
https://bitcoinops.org/en/newsletters/2019/06/05/

A link to the official Erlay research paper with tons more data and analysis for a deep dive into this P2P improvement:
https://arxiv.org/pdf/1905.10518.pdf

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