CryptoQuikRead_240 – Rothbard on Utility Theory [Mises.org]
Today we grab a section out of one of the many incredible works by Murray N. Rothbard to discuss the idea of marginal utility and why money must be a good, and actually is not a unit of measure. As value can only be measured as relational to another good, money follows the same law of diminishing marginal utility. Find out why with our read & discussion of Rothbard’s “Toward a Reconstruction of Utility and Welfare Economics” from the incredible library at the Mises Institute.
Check out the full work to dive much deeper into this topic and so much more at Mises.org and the link below:
https://mises.org/library/toward-reconstruction-utility-and-welfare-economics-0#2
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The Case for Electronic Cash [Jerry Brito]
The full audio version of “The Case for Electronic Cash” by Jerry Brito.
Abstract
Cash is more than a method of payment. It is a fundamental tool for individual privacy and autonomy, and it is necessary for an open society. This paper shows that a cashless economy is a surveillance economy. It also argues that removing the option to freely transact without intermediation greatly limits our economic self-determination, placing our economic lives in the hands of financial institutions and governments. This paper presents several case studies demonstrating the dangers of a completely intermediated payments system and concludes that electronic cash is a tool that should not only be tolerated, but fostered and celebrated.
The Case for Electronic Cash PDF
Coincenter.org
Jerry Brito on Twitter
Cryptoconomy.Life
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GuysTake_011 – Why Lightning Sucks
Lightning is complicated, difficult to use, sometimes doesn’t work properly, requires a lot of learning and experimentation, and is still a risky place to hold Bitcoin funds. Doesn’t this make it a protocol destined to obscurity and disuse? Doesn’t it mean that better, simpler options will simply replace it, and Bitcoin is to fail from its extensive limitations? Find out all the ways I find Lightning *doesn’t* do its job well, & what I think it means for the future in today’s Guy’s Take episode!
Mentioned in the show:
paywall.link
pollofeed.com
schnorr signatures
previous Guy’s take on the complexity of the internet
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CryptoQuikRead_239 – How to Scale Bitcoin Without Changing a Thing [Part 2 – Nic Carter]
Even with #Bitcoin, are we destined for a future with intermediated payments? Will that give us a different color of the same system we’re stuck with today, or will Bitcoin still prove to be a revolution in financial trust? Lets dig deeper into the objections to Bitcoin Banks in Part 2 of @nic__carter’s “How to Scale Bitcoin (without changing a thing).”
Another huge thank you to Nic for this work and sparking an important discussion! Drop some major applause on this work and share it with others who have yet to read Nic’s amazing body of work! https://medium.com/@nic__carter/how-to-scale-bitcoin-without-changing-a-thing-bc4750dd16c7
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CryptoQuikRead_238 – How to Scale Bitcoin Without Changing a Thing [Part 1 – Nic Carter]
“I believe that institutional scaling presents an under-appreciated scaling vector, and it is quite possible to employ it without significantly compromising Bitcoin’s assurances.”
Don’t miss today’s article, another fantastic read by Nic Carter (@nic__carter), on the Finneyan view of scaling Bitcoin for its highest value proposition; creating a settlement network with the potential of correcting our far-too-frequent problems of monetary inflation & systemic insolvency. “How to Scale Bitcoin (without changing a thing)”
We will finish this up with Part 2 tomorrow, but in the mean time please drop some major applause on this work and share it with others who have yet to read Nic’s amazing body of work! https://medium.com/@nic__carter/how-to-scale-bitcoin-without-changing-a-thing-bc4750dd16c7
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CryptoQuikRead_237 – Casa Keymaster Security – Mobile Key Overview [Jameson Lopp]
Today we go through a recent blog post by Jameson Lopp and the Casa team that goes into the clever, meticulous design used to ensure the security and recoverability of the mobile key for their Keymaster app. Don’t forget to check out the Casa blog to see the other exciting announcements and ongoing developments from the Casa team.
https://blog.keys.casa/casa-keymaster-security-mobile-key-overview/
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CryptoQuikRead_236 – How Is Fiat Money Possible [Part 3 – Hans Hermann Hoppe]
Today we reach the conclusion of Hoppe’s incredible piece on the nature of fractional reserve banking and the contradictions of fiat money. With the final section, “From Deposit & Loan Banking to Fractional Reserve: The Devolution of Credit.” Plus a really fun discussion as a follow-up to the entire, 3 part work.
“How is Fiat Money Possible.” There is no place like Mises.org. Don’t forget to check out the vast collection of knowledge and information made available for free over at the Mises Institute!
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CryptoQuikRead_235 – How Is Fiat Money Possible [Part 2 – Hans Hermann Hoppe]
Continuing from yesterday’s episode with Part 2 of our journey through Hoppe’s amazing piece on the nature and origins of the fiat money system. Could such a system ever work in a competitive market, or are there extremely specific conditions and legal restrictions which make the contradiction of irredeemable paper money, temporarily sustainable? Listen to find out.
“How is Fiat Money Possible.” Don’t forget to check out the vast collection of knowledge at Mises.org for this work and many more like it.
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CryptoQuikRead_234 – How is Fiat Money Possible [Part 1 – Hans Hermann Hoppe]
“Fiat money is the term for a medium of exchange which is neither a commercial commodity, a consumer, or a producer good, nor title to any such commodity: i.e., irredeemable paper money.”
Another great suggestion by @stephanlivera, we begin our dive into Hans-Hermann Hoppe’s extended piece on the Devolution of money and credit, “How is Fiat Money Possible.” Don’t miss an incredible read and fun discussion that follows.
Don’t forget to check out the vast collection of knowledge at Mises.org for this work and many more like it.
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CryptoQuikRead_233 – Exit & Freedom [Nick Szabo]
Building on the principles discussed in our exploration of the consequences of a society without cash, we apply it to a broader principle of how the power to exit acts as a check on abuse and centralization. And who better to cover this topic with, than Nick Szabo? Today we read and discuss Szabo’s blog post from 2007 titled, Exit and Freedom.
Don’t forget to follow Nick on Twitter and explore the enormous body of work he has contributed over decades at his blog:
http://unenumerated.blogspot.com/2007/08/exit-and-freedom.html
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CryptoQuikRead_232 – The Case for Electronic Cash [Part 3 – Jerry Brito]
The conclusion of The Case for Electronic Cash by Jerry Brito. Today we close out this amazing piece with the moral case for why we should not only refrain from demonizing and restricting digital cash, but we should foster and celebrate it! A huge thank you to Coin Center for this work, and don’t forget to check out the incredible work they do.
The original work can be downloaded here: https://coincenter.org/files/2019-02/the-case-for-electronic-cash-coin-center.pdf
Also, don’t forget that there are tons of footnotes and references that I do not cover in the audio for further digging into this topic. They can all be found in the full report.
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CryptoQuikRead_231 – The Case for Electronic Cash [Part 2 – Jerry Brito]
Continuing with Part 2 of “The Case for Electronic Cash” from Jerry Brito and CoinCenter.org. The consequences of total dependence upon financial intermediaries and how it is already affecting people today.
Don’t forget to check out CoinCenter.org for tons of information on all topics around Bitcoin and cryptocurrency technologies. The original work can be downloaded here: https://coincenter.org/files/2019-02/the-case-for-electronic-cash-coin-center.pdf
Also, don’t forget that there are tons of footnotes and references that I do not cover in the audio for further digging into this topic. They can all be found in the full report.
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