Read_279 – Deflation & Liberty [Part 2 – Jörg Guido Hülsmann]
“If Bitcoin’s supply is expected to be endlessly deflationary, doesn’t this ensure a never ending, economy destroying downward spiral?”
Today we conclude with Part 2, Hulsmann’s incredible work on the consequences and nature of deflation and what it means for liberty.
Continuing a 3 episode answer to this critically important question we finish Jörg Guido Hülsmann’s amazing piece, available thanks to the Mises Institute:
Deflation & Liberty
https://mises.org/library/deflation-and-liberty-1
We will conclude the argument for the liberating powers of deflationary money with a Guy’s Take episode breaking it all down. Subscribe and stay tuned so you don’t miss it!
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Read_278 – Deflation & Liberty [Part 1 – Jörg Guido Hülsmann]
When we think about the unmatched scarcity of Bitcoin as a monetary good (particularly after looking at @100trillionUSD’s stock-to-flow model), it inevitably leads to an important question. If Bitcoin’s supply is expected to be endlessly deflationary, doesn’t this ensure a never ending, economy destroying downward spiral? Doesn’t deflation halt economic growth and investment?
Beginning a 3 episode answer to this critically important question we start by reading Jörg Guido Hülsmann’s amazing piece, available thanks to the Mises Institute:
Deflation & Liberty
https://mises.org/library/deflation-and-liberty-1
We will conclude the argument for the liberating powers of deflationary money with a Guy’s Take episode breaking it all down. Subscribe and stay tuned so you don’t miss it!
And to get started with eToro, our awesome sponsor for the show, click the link below:
http://go.thoughtleaders.io/1195920190731
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Read_277 – Modeling Bitcoin’s Value with Scarcity [100trillionUSD]
The incredible model for predicting and assessing the value of the Bitcoin network by @100trillionUSD is analyzed in his exceptional article that we read on today’s show, “Modeling Bitcoin’s Value with Scarcity.” With an R^2 above 95%, if you plan for a bitcoin future without closely assessing this model, you are ignoring a powerful indicator. Hear all about what it means for “orange coin number” in today’s episode!
Don’t forget to drop some major applause for the excellent work at the original article:
https://medium.com/@100trillionUSD/modeling-bitcoins-value-with-scarcity-91fa0fc03e25
Be sure to follow @100trillionUSD on Twitter so you don’t miss out on his continuous amazing work:
https://twitter.com/100trillionUSD
Other episodes mentioned in the show to dive deeper:
Conner Brown’s – Bitcoin has no Intrinsic Value, & that’s Great!
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_249—Bitcoin-Has-No-Intrinsic-Value—Thats-Great-e43bcm
Money, Blockchains, & Social Scalability
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_066—Money–Blockchains–and-Social-Scalability-e2ndsj
Shelling Out: The Origin of Money
https://anchor.fm/thecryptoconomy/episodes/Shelling-Out—The-Origins-of-Money-e2ndom
If you want to support my work and be a part of the exclusive Cryptoconomy Telegram group to get the inside scoop on the show and what other things I’m working on, become a patron!
https://www.patreon.com/thecryptoconomy
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Chat_017 – Reminiscing with Car & Bird on a Crazy Year & a Changing World
If you haven’t listened to the earlier episode where I went on the Friends Against Government Podcast, then you no longer have to miss out! A year later, we get back together & talk about what a crazy year it has been in Bitcoin, podcasting, & the increasingly confused world. Just an awesomely fun time!
Check out the Friends Against Government Podcast. Entertaining, informative, & just the right amount of absurd!
https://open.spotify.com/show/2TqT6kcwVFRSAQP8BUlH58?si=0aws7YRVRJ2NXTuB9g41EA
And follow the guys of twitter for some Grade-A, Anti-Govt trolling:
https://twitter.com/FAGCAST
https://twitter.com/CarCampIt
https://twitter.com/birdarchist
And don’t forget to start playing around with the awesome platform + app of our newest sponsor, eToro:
http://go.thoughtleaders.io/1195820190729
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Read_276 – More Immutable than Stone [Simon Lutz]
We start today’s show reading a short Twitter thread by @simonlutz21 which sparks a fun discussion about the presence of Proof-of-Work in nature, the awesome utility of immutability, and the power of Bitcoin’s inalterable ledger.
Like the original thread by Simon by following the link below:
https://twitter.com/simonlutz21/status/1145009553874010112
Don’t forget to check out the presentation by Andreas on “immutability and proof of work”:
https://www.youtube.com/watch?v=rsLrJp6cLf4
And if you would like to support the show, become a patron!
https://www.patreon.com/thecryptoconomy
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Read_275 – Bit Gold [Nick Szabo]
There were many precursors to the Bitcoin system, but IMO, none came as close to correctly defining the problem, & solving the key issues of trust as Nick Szabo’s Bit Gold concept. Reading another great piece made available by the Nakamoto Institute, we read and discuss the incredible prescience of Szabo through one of Bitcoin’s forefathers, Bit Gold.
Check out the amazing collection of literature at the Nakamoto Institute and see the original piece at the link below:
https://nakamotoinstitute.org/bit-gold/
Other great work from Nick Szabo includes the #1 must read of anyone who wants to understand Bitcoin, “Shelling Out, The Origins of Money”
https://anchor.fm/thecryptoconomy/episodes/Shelling-Out—The-Origins-of-Money-e2ndom
Securing Property with Owner Authority:
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_118—Securing-Property-with-Owner-Authority-e2ndqs
Another I forgot to mention that pairs well with today’s episode, “Formalizing Network Realtionships”
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_214—Szabos-Formalizing–Securing-Network-Relationships-Part-1-e3953d
And Lastly @Hasufl and @zhusu’s piece “Bitcoin and the promise of Independent Property Rights”
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_225—Bitcoin–the-Promise-of-Independent-Property-Rights-e3j6b8
Don’t forget to download and check out the eToro Bitcoin exchange and app at the link below:
http://go.thoughtleaders.io/1195720190725
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Read_274 – BetterHash, Decentralizing Bitcoin Mining with new Hashing Protocols [StopAndDecrypt]
What if we already had a solution to one of the biggest threats to the Bitcoin network, but simply weren’t implementing it? Today we read another great piece by @stopanddecrypt breaking down the numerous vulnerabilities of centralized mining pools, that simply wouldn’t exist, with the implementation of a @TheBlueMatt’s new hashing protocol, #BetterHash.
Drop some applause on the original article & check out the library of work on StopAndDecrypt’s Medium page:
https://medium.com/hackernoon/betterhash-decentralizing-bitcoin-mining-with-new-hashing-protocols-291de178e3e0
https://medium.com/@StopAndDecrypt
Other resources & media mentioned on the show:
https://bitflash.club/
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_091—BetterHash-Aims-to-Increase-Bitcoin-Mining-Decentralization-e2ndro
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_077—Ethereum-Blockchain-Exceeds-1TB-e2nds8
Support my work and join the official #CryptoconomyCrew telegram group by becoming a patron:
https://www.patreon.com/thecryptoconomy
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Read_272 – Keynesian Errors on Time and Demand [Ben Kaufman]
What if there was a single, fundamental flaw in Keynesian economic theory that could shed light on the major imbalances and debts that have resulted from our monetary system? Does “spending” and consumption of resources truly make us wealthier? Ben Kaufman lays out the argument for how “Time” is the missing piece in the failed Keynesian puzzle.
Drop some applause on the original article at the link below, and don’t forget to check out and follow Ben for his future work:
https://medium.com/@ben_kaufman/keynesian-errors-on-time-and-demand-80eeae2c7110
https://twitter.com/_benkaufman
I also mentioned in the show a comic book that excellently explains the process of economic growth, spending, and savings. If you haven’t read it, its not to be missed:
http://themisescircle.org/blog/2012/11/06/how-an-economy-grows-and-why-it-doesnt/
Another big thanks to our sponsor eToro! Setup your account and start using their platform in just a few minutes at the link below: http://go.thoughtleaders.io/1195620190723
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Read_272 – Statechains, Sending Keys Not Coins [Aaron Van Wirdum]
From Bitcoin Magazine, today we read Aaron’s piece on the recently conceptualized “Statechains” from the mind of Ruben Somsen. An entirely different way to think of exchanging Bitcoin, by handing keys to the receiver, rather than sending coins. Don’t miss the read & a really fun discussion about the tech to follow.
Check out BitcoinMagazine.com for the full article and the best place for Bitcoin news and information! Dropping a link to Aaron’s main page because he has a number of recent articles that are also wonderful (specifically recommend “The ‘Noinput Class'”)
https://bitcoinmagazine.com/articles/statechains-sending-keys-not-coins-to-scale-bitcoin-off-chain
https://bitcoinmagazine.com/authors/aaron-van-wirdum
https://twitter.com/AaronvanW
If you enjoy this show and would like to support my work, become a Patron!
https://www.patreon.com/thecryptoconomy
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Read_272 – Letting a Million Channels Bloom [Rusty Russell & Joe Netti]
The Lightning Network does, in fact, have scaling problems of its own. When the network grows to millions of channels we obviously won’t be able to run it on a Raspberry Pi. Don’t tell Rusty Russell or Joe Netti that, because they’ll just build their own network and do it. Another major milestone in Lightning development, the release of the Million Channels Project!
Today we are reading & discussing, from the Blockstream blog, “Letting a Million Channels Bloom.”
Check out the official post for the network data, charts and optimization benchmarks. Follow the blog and developers involved to stay up on the incredible work they are doing to bring Lightning to the world.
https://medium.com/blockstream/letting-a-million-channels-bloom-985bdb28660b
https://twitter.com/rusty_twit
https://twitter.com/JoeNetti
Lastly a huge thanks to our new sponsor, eToro! Don’t forget to check out the exchange and let me know if you went long or short Bitcoin
eToro – http://go.thoughtleaders.io/1026120190630
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Read_271 – Bitcoin’s Energy Consumption is a Necessity [Daniel Wingen]
… And one of the greatest natural subsidies for renewable energy we could’ve asked for.
Today we hit a piece by Daniel Wingen. A thorough breakdown of the essence of mining, the necessity of its energy expenditure, the incentives for efficiency and renewable sources, and the unbelievable cost that is being rescued from wasteful alternatives. Not only is Bitcoin’s energy consumption not a problem, it could be exactly what we need for a brighter future.
Check out the full article and many links to other great works. A number of great charts and tables illustrating the argument to explore as well:
https://medium.com/blockkeeper/bitcoins-energy-consumption-is-a-necessity-and-has-positive-impact-on-the-environment-752502288082
Don’t forget to check out Daniel’s other works and follow him on Twitter and Medium:
https://medium.com/@danielwingen
https://twitter.com/danielwingen
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Read_270 – Investing in Bitcoin [Hasu & Su Zhu]
Today we read yet another great piece by @hasufl and @suzhu available on uncommoncore.co on the core value offered by Bitcoin as a system and the high level trends in macroeconomics and technology that could lead to enormous future demand for just such an asset.
A big thanks as always to the amazing work produced by Hasu and Su Zhu. You must check out their blog over at uncommoncore.co where you can find many other great works for understanding Bitcoin’s nature. Below I’ve linked to the ones we have covered previously on this show:
An Honest Account of Fiat Money:
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_197—An-Honest-Account-of-Fiat-Money-e2ndo3
Unpacking Bitcoin’s Social Contract:
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_198—Unpacking-Bitcoins-Social-Contract-e2oct5
Bitcoin and the Promise of Independent Property Rights:
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_225—Bitcoin–the-Promise-of-Independent-Property-Rights-e3j6b8
Bitcoin As a Hedge Against the Cashless Society:
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_227—Bitcoin-is-a-Hedge-Against-the-Cashless-Society-e3l5ne
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