"Bitcoin miners are unique energy buyers in that they offer highly flexible and easily interruptible load, provide payout in a globally liquid cryptocurrency, and are completely location agnostic, requiring only an internet connection. These combined qualities constitute an extraordinary asset, an energy buyer of last resort that can be turned on or off at a moment’s notice anywhere in the world." - Square & ARKinvest

The "Bitcoin destroys the environment" argument is over for anyone who hasn't lost the ability to think clearly. A new paper from Square and their clean energy initiative and how Bitcoin mining will change everything.

For the full paper and links to further breakdown and discussion on the topic, check out the source below:
https://assets.ctfassets.net/2d5q1td6cyxq/2D2BnksJjavw4a6SUvAPwZ/c42a9e3a520b0cc3b230cda3b43eead5/BCEI_White_Paper_.pdf

Don't forget to get your keys safely in your own possession, with a secure, open source hardware wallet, the BitBox02!
And stack automatically, withdrawing for free to your BitBox, using the best auto-DCA service in the biz, SwanBitcoin.com/guy

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"discussion about Taproot activation turned out to be a long and sometimes heated debate. Now, it has resulted in two different Taproot activation paths, embedded in two main software clients that could in some scenarios even become incompatible with one another." - Aaron Van Wirdum

With a short introduction to taproot and all the mess around the True/False activation dilemma, we cover another great piece from Aaron Van Wirdum at BitcoinMagazine breaking down why we have 2 different clients, what the conflict is exactly and what it might mean for Bitcoin over the next year.

Check out the full article below, with lots of links to other works and source for further digging:
https://bitcoinmagazine.com/technical/there-are-now-two-taproot-activation-clients-heres-why
For the previous episode discussing the True/False dilemma in detail, here is Aaron's previous article covering the debate:
https://bitcoinaudible.com/lot-true-or-false-the-last-hurdle-for-taproot/

Our amazing sponsors below:
In the worst case of a fork, all you need to do is be holding your own keys! Use the BitBox02 hardware wallet, and you'll be protected. (guyswann.com/bitbox discount code GUY for 5% off)
And if you aren't automatically stacking sats, you're doing it wrong. The best, simplest savings plan is with Swan Bitcoin. Automatic, low fees, a no brainer for a real bitcoiner. (swanbitcoin.com/guy gets you some FREE sats to start off)

A huge thank you to Bitcoin Magazine for always being such a reliable and fascinating source of news and thought in this space! They and the LTBnetwork are an unmatched resource. 👏🏻

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"Embedded on every single node of the Bitcoin network is an obituary. Hacked into the transaction data, it’s a memorial to Len Sassaman, a man essentially immortalized in the blockchain itself. A fitting tribute in more ways than one.' - Evan h

In the never ending search for Satoshi, there is the opportunity to find the unsung heroes of the cypherpunks. those who are lesser known, but made a monumental impact on the cypherpunk movement and helped in laying the critical pieces that made Bitcoin possible. Who was Len Sassaman? Is there evidence that he could have been the man behind the Satoshi pseudonym? And why did we lose him so early?

All this in more in this amazing piece from Evan h:
Len Sassaman and Satoshi: A Cypherpunk History
https://leung-btc.medium.com/len-sassaman-and-satoshi-e483c85c2b10

Check out our amazing sponsors and their awesome products for getting an entry into Bitcoin and securing your keys:
SwanBitcoin provides not only the automatic Bitcoin savings plan, but an institutional and high-net worth service at Swanbitcoin.com/private to assist with everything around custodying, managing, and getting allocated to Bitcoin.
Then for securing your keys as securely as possible with an intuitive and simple cold storage device, check out the BitBox02 hardware wallet from Shiftcrypto plus other great backup and security tools available on their shop.
Find both of our amazing sponsors at Guyswann.com

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A walk through Bitcoin history, the chaos of the early days, the blocksize war, working in film, financial catastrophes, the great reset, the breakdown of collective trust, hyperinflation, & the principles that Bitcoin embodies - all covered in today's chat with the Bitcoin Made Simple podcast host, Cory Tucek. I had a great time with this one and I think you guys will love it. Don't miss Chat #60 - Strong Foundations in an Unstable Era

Check out the Bitcoin Made Simple Podcast for more from Cory at the link below:
https://anchor.fm/bitcoinmadesimple/episodes/BMS-011-Dan-Held-danheld-Interview-eur2h9

And of course don't miss our incredible sponsors! SwanBitcoin.com for your automatic, no hassle savings plan, & ShiftCrypto with the BitBox02 hardware wallet, for simple, secure, open source Bitcoin storage 👏🏻

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"Human civilization is at an inflection point. Inflationary monetary policy against the backdrop of technological deflation means either that ever more power will become concentrated in the hands of the state, or that one by one, individuals will voluntarily opt into and adopt a superior monetary system, the rules of which cannot be arbitrarily changed." - Dylan Leclair

We are at the precipice of the greatest change in our monetary system in nearly the past century. The long term debt cycle is in its endgame. What has led us here, and what future does Bitcoin make possible with its emergence coinciding with the conclusion of the legacy monetary regime. Taking a deeo dive on this topic with this new article at Bitcoin Magazine, written by Dylan Leclair.

For other great episodes to explore and dig deeper into the relevant ideas, here are a few mentioned during the show:
Utopian Dystopias (by Aleks Svetski)
https://anchor.fm/thecryptoconomy/episodes/Read_515---Utopian-Dystopias-Alek-Svetski-eupes1
Fraying of the Petrodollar System (by Lyn Alden)
Part 1 - https://bitcoinaudible.com/the-fraying-of-the-petrodollar-system-part-1/
Part 2 - https://bitcoinaudible.com/the-fraying-of-the-petrodollar-system-part-2/

Check out the huge set of charts & statistics that demonstrate the massive long term debt cycle, and at what point we find ourselves in:
https://bitcoinmagazine.com/markets/the-conclusion-of-the-long-term-debt-cycle-and-the-rise-of-bitcoin

Becoming a Bitcoiner is a process, one of decisions, and proper incentives:
The first step is to start stacking, your future self will love you for it - Swan Bitcoin (swanbitcoin.com/guy)
The second step is to take responsibility of your keys, simply and securely - BitBox02 (guyswann.com/bitbox)
From there listen to every episode of BitcoinAudible or search the Library for your favorites. Then get back to me 🤣

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"Bitcoin is the alpha-omega of private property and voluntary exchange. It lowers the cost of defence whilst increasing the cost of attack. As such it is the central tool in helping us get beyond the great filter." - Aleks Svetski

In tying together and expanding on the ideas touched on in yesterday's episode, on responsibility and freedom, we dive deep with Alek's piece from the Bitcoin Times Ed 3 on the nature of decision making, the fundamental truths of the world, & how we can deduce a harmonious path for the future. Bitcoin codifies the critical principles necessary for proper evolution of society. Let's find out why.

Don't forget to check out the original and drop some massive applause, plus the other many great works from The Bitcoin Times:
https://medium.com/the-bitcoin-times/utopian-dystopias-e0a0e9868bdc

Another episode we've done discussing some related concepts and the nature of rights and how Bitcoin defends them is Guy's Take #32:
Rights, Incentives & the Bitcoin System
https://bitcoinaudible.com/?p=4800

Becoming a Bitcoiner is a process, one of decisions, and proper incentives:
The first step is to start stacking, your future self will love you for it - Swan Bitcoin (swanbitcoin.com/guy)
The second step is to take responsibility of your keys, simply and securely - BitBox02 (guyswann.com/bitbox)
From there listen to every episode of BitcoinAudible or search the Library for your favorites. Then get back to me 🤣

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"The whole idea of Bitcoin is to remove intermediaries from the equation. Trusted third parties are security holes, and unless we want to repeat past mistakes, it is our collective responsibility to eliminate these security holes wherever and whenever we can." - DerGigi

Bitcoin changes us in ways that are hard to articulate. It's a level of personal responsibility, when you make that journey to the great depths of the rabbit hole, that is hard to understand without making the journey yourself. Responsibility isn't merely something that could lead to more freedom, it's axiomatic to freedom & sovereignty itself. It's impossible to have the latter, without conquering the former.

Don't miss today's brief but excellent read from DerGigi, on the nature of responsibility and what it means in Bitcoin!

The Responsibility of Adopting Bitcoin:
https://dergigi.com/2021/03/14/the-responsibility-of-adopting-bitcoin/

The first step is to start stacking, take responsibility of your savings and your future - Swan Bitcoin (swanbitcoin.com/guy)
The second step is to take responsibility of your keys, you own your coins, they aren't someone else's IOU - BitBox02 (guyswann.com/bitbox)
The final step is to run your own node, and define what Bitcoin is for yourself.

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• Money is not what you think it is
• Great societies are a result of great money
• Money is more foundational than language
• Prices are not arbitrary
• The nature of time
• Money is a tool of information
• Proof of work in ancient history
...And so much more in today’s Guy’s Take!

The many recommended works to dig deeper:
Wittgenstein’s Money
https://bitcoinaudible.com/?p=5659
I, Pencil
https://bitcoinaudible.com/?p=1668
Applying Economics to American History (Tom Woods)
https://www.youtube.com/watch?v=m-LJ3wZjD4I&t=0s
Shelling Out: The Origins of Money
https://bitcoinaudible.com/?p=3531
The Island of Stone Money
https://bitcoinaudible.com/?p=3069
Bitcoin is Time
https://bitcoinaudible.com/?p=5837
On Network Effects, Shelling Points, & Lindy
https://bitcoinaudible.com/?p=4504

Don't forget our glorious sponsors:
Makes your 401K look like a joke - Swan Bitcoin (swanbitcoin.com/guy)
The "Love your keys" secure, open source hardware wallet - BitBox02 (guyswann.com/bitbox)

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"...And we’re just considering two sources of nonrival energy: clean energy curtailment in China, and vented/flared gas in the U.S. There are many other sources of stranded and nonrival energy sources globally. Suffice to say, there’s enough nonrival energy out there to run Bitcoin many times over. It’s just a matter of deploying hashrate in the right locations, which miners are doing — aggressively." - Nic Carter

We have another great piece on the energy debate around Bitcoin, this time responding to a Bloomberg article by Noah Smith, but this time with a little twist. It's not so much about the environmental problem, but the economics and problems of the energy cost of the system, its explosive rise during bull markets, and how this threatens alternative uses, increases costs, and takes precious resources away from chip foundries producing much needed smartphones and computer processors. Is there anything to this criticism? Nic Carter responds in today's article:

Noahbjectivity on Bitcoin Mining:
https://medium.com/@nic__carter/noahbjectivity-on-bitcoin-mining-2052226310cb

The first article in question - "Bitcoin Miners are on a Path to Self-destruction":
https://www.bloomberg.com/opinion/articles/2021-03-24/bitcoin-miners-are-on-a-path-to-self-destruction

And Noah's rebuttal discussed in the Guy's Take:
https://noahpinion.substack.com/p/bitcoin-mining-and-resource-use

Don't forget our glorious sponsors:
The SO much better than your stupid 401K plan - Swan Bitcoin (swanbitcoin.com/guy)
& the "Love your keys like family," secure, open source hardware wallet - BitBox02 (guyswann.com/bitbox)

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The Gaming Universe is about to be Struck by Lightning. We have Simon Cowell on the podcast, CEO and Founder of ZeBeDee and their tools for easily integrating Lightning payments directly into the gaming and esports industry. Where the virtual economy meets the virtual world, with Lightning at its center. Don’t miss Bitcoin Audible Chat #59!

Don't forget to follow them and check out the tools they are building by going to their twitter page and website below:
https://twitter.com/zebedeeio
https://zebedee.io/

If you haven't listened to the article mentioned on the podcast, find it here:
https://bitcoinaudible.com/?p=5596

A huge thank you to our amazing sponsors:
SwanBitcoin - The #1 place to setup your automatic Bitcoin savings plan! (SwanBitcoin.com/guy)
BitBox - Minimal, user friendly, secure, Swiss made, open source, hardware wallet (guyswann.com/BitBox)

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"When I thought about what is the defining difference between the Bitcoin maximalists and my yuppie elite friends, the surface level distinctions that popped out were political (e.g., libertarianism, Trump support, second-amendment rights, Black Lives Matter).  But these stem from a deeper divide: the degree to which a person has trust in the system." - Croesus

Why is it that some of the most intelligent people can both be the first to grasp the astounding benefit and value of Bitcoin, but simultaneously be the ones who dismiss it with the greatest prejudice, and refuse to entertain that there may be anything at all of value? What is the difference between those two groups, can we narrow down where the core problem loves? Find out in today's read by Croesus at the amazing Citadel21 publication. Titled...

Why the Yuppie Elite Dismiss Bitcoin
https://www.citadel21.com/why-the-yuppie-elite-dismiss-bitcoin

Shout out to Preston Pysh for reminding me of this one, and to Citadel21 for their amazing resource and collection of works. They also happen to be today's "Bitcoin Resource" and I highly recommend doing a little exploring over on their page below:
https://www.citadel21.com/

A huge thank you to our amazing sponsors:
SwanBitcoin - The #1 place to setup your automatic Bitcoin savings plan! (SwanBitcoin.com/guy)
BitBox - Minimal, user friendly, secure, Swiss made, open source, hardware wallet (guyswann.com/BitBox)

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"The empty block attack is one where a majority of mining power would be directed at mining only empty blocks and rejecting non-empty blocks. These miners would essentially execute a soft-fork where all non-empty blocks would be rejected. Given that they have a majority of hashing power on the network, so the thinking goes, they will eventually get the longer chain even if other miners were to mine non-empty blocks. If only empty blocks are being mined, all activity on the network would stop and so, the thinking goes, Bitcoin would be killed." - Jimmy Song

With another bull market, comes another avalanche of the same old FUD. Today we hit an excellent little article from Jimmy Song taking the time to thoroughly debunk the again popular, "Empty Block Attack" scenario from a potential nation-state adversary. Don't miss today's article if you have been exhausted with answering the twitter flood of new people certain they have the inside secret to killing Bitcoin.

Debunking the Empty Block Attack:
https://jimmysong.medium.com/debunking-the-empty-block-attack-10513858b3f8

A huge thank you to our amazing sponsors:
SwanBitcoin - The #1 place to setup your automatic Bitcoin savings plan! (SwanBitcoin.com/guy)
BitBox - Minimal, user friendly, secure, Swiss made, open source, hardware wallet (guyswann.com/BitBox)

Today's Resource is Jimmy Song's "Programming Bitcoin," for those who really want to get into the dirty details of Bitcoin and how it works, and want to walk through the code and understand it on an entirely new level, this is the resource you are missing. Check it out at the link below:
https://amzn.to/2RSlnTb

For more amazing articles on this topic & all the other incredible works in the Bitcoin space, check out the 100s of great works in the Bitcoin Audible Library:
https://bitcoinaudible.com/?page_id=5764

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"Bitcoin is not taking gas from your car or electricity from your house, it is making power production more efficient, utilizing otherwise “stranded” energy sources and helping to fund the development of renewable energy technologies." - Evan Bayless

With the constant flood of ignorance and incredible mental laziness in the conversation of Bitcoin's energy consumption, its always good to have another perspective and more knowledge on not only why its not nearly as simple as portrayed, but that its extremely likely to be the exact opposite of what the detractors claim. A great piece from Evan Bayless on Bitcoin Magazine...

Bitcoin Will Save Our Earth
https://bitcoinmagazine.com/business/bitcoin-will-save-our-earth

A huge thank you to our amazing sponsors:
SwanBitcoin - The #1 place to setup your automatic Bitcoin savings plan! (SwanBitcoin.com/guy)
BitBox - Minimal, user friendly, secure, Swiss made, open source, hardware wallet (guyswann.com/BitBox)

For more amazing articles on this topic and energy in general around Bitcoin ming, check out the hundreds of great piece in the Bitcoin Audible Library:
https://bitcoinaudible.com/?page_id=5764

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"Bitcoin is a unique digital asset for an increasingly digital world that requires digging deeper than the surface level to understand its core properties and trade-offs." - Ria Bhutoria

Fidelity writes another great piece this time addressing he persisting and common criticisms of Bitcoin that the new entrants to the ecosystem continue to falsely hold as major, valid concerns. Bitcoin is a complicated and nuanced technology. Unfortunately, this means baseless or clearly erroneous criticisms stick around for far longer than their validity would seem to warrant. So with another great post from Fidelity, let's answer them yet again.

Fidelity Digital Assets
Addressing Persisting Bitcoin Criticisms:
https://www.fidelitydigitalassets.com/articles/addressing-bitcoin-criticisms

Follow Ria on social media:
https://twitter.com/riabhutoria

A huge thank you to our amazing sponsors:
SwanBitcoin - The #1 place to setup your automatic Bitcoin savings plan! (SwanBitcoin.com/guy)
BitBox - Minimal, user friendly, secure, Swiss made, open source, hardware wallet (guyswann.com/BitBox)

Today's Bitcoin Resource:
Sphinx App, Chat & Lightning! Check them out at Sphinx.chat to get started on the encrypted chat and payments app run entirely over the Lightning network.

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"To state it plainly: Bitcoin is a momen­tous monetary innova­tion enabling a new mode of non-nation-state human organi­za­tion, a “purified” form of capitalism free of nation-state inter­fer­ence and deserving of its own neolo­gism. Let us call the new mode of socioe­co­nomic organi­za­tion enabled by encrypted digital money sover­eignism." - Robert Breedlove

Today we start an amazing series by Breedlove based on the thesis proposed by the Sovereign Individual. Could the new dynamic brought about by the existence of Bitcoin, potentially destroy the economic cost/reward reality of centralized, violent nation states? And what does such a potentiality mean for the future?

Don’t miss today’s read from Swan Bitcoin blog, by Robert Breedlove:
Sovereignism Part 1 - Digital Creative Destruction
https://www.swanbitcoin.com/sovereignism-part-i-digital-creative-destruction/

A huge thank you to our amazing sponsors:
SwanBitcoin - The #1 place to setup your automatic Bitcoin savings plan! (SwanBitcoin.com/guy)
BitBox - Minimal, user friendly, secure, Swiss made, open source, hardware wallet (guyswann.com/BitBox)

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“We can already observe some faint light at the end of the tunnel. Savings have been reintroduced into the hands of society. You can save money and the State is unable to influence your funds on the Bitcoin blockchain. Nobody can take your money away, and this creates economic stability that positively influences mental wellbeing. When you know that you have savings, and that you will be able to pay any and all unexpected expenses that might arise and that you have built the foundations of a prosperous future, things change.” - Karo

Paper money doesn't merely have economic consequences, it has deep impact on the very nature of who we are. Today's read from Bitcoin Magazine delves into what those consequences are. And despite losing a long Guy's rant thanks to some failed software, I would point you to an older episode that had a very similar topic of discussion, Guy's Take #36 - Walking Tall

Check out the original article and the other great stuff at Bitcoin Magazine below:
https://bitcoinmagazine.com/culture/trust-that-we-need-more-of

A huge thank you to our amazing sponsors:
SwanBitcoin - The #1 place to setup your automatic Bitcoin savings plan! (SwanBitcoin.com/guy)
BitBox - Minimal, user friendly, secure, Swiss made, open source, hardware wallet (guyswann.com/BitBox)

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“40 years of this back and forth has resulted in almost $20 trillion in zero- or negative-yield government and corporate debt, the lowest interest rates in the last 5,000 years, and the most amount of global debt ever in human civilization." - Arthur Hayes

Our macro situation is teeter between Financial Armageddon on the one hand, if governments and central banks let interest rates rise, and possible war and revolution on the other, if they hyperinflate their currencies to absolve them of their debts. Is there anything that can protect us from this terrible situation? How on earth do you build a portfolio in such an environment?  

Today we read, Arthur Hayes's amazing piece from the BitMex blog, "Pumping Iron":
https://blog.bitmex.com/pumping-iron/

Don't forget to read/listen to his other great piece mentioned "Choose Your Fiction":
https://bitcoinaudible.com/?p=3907

A huge thank you to our amazing sponsors:
SwanBitcoin - The #1 place to setup your automatic Bitcoin savings plan! (SwanBitcoin.com/guy)
BitBox - Minimal, user friendly, secure, Swiss made, open source, hardware wallet (guyswann.com/BitBox)

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"As long as there are money printers, there can be no freedom of expression. Money is the tool we use to express value to each other. Whoever controls the money supply controls the world." - Knut Svanholm

The world became vastly more free when we separated our religious morals and authority from the apparatus of the state. The separation of church and state is one of the most important developments for freedom in history. But the state retained an unjust, unequal level of control & limitation on the freedom of expression, by monopolizing the very tool we use to express value. Money.

Bitcoin is, The Separation of Money and State. Check out the full article at Bitcoin Magazine below:
https://bitcoinmagazine.com/culture/bitcoin-and-the-separation-of-money-and-state

To dig deeper into the concept of rights and the Bitcoin system, check out Guy's Take #32.
Rights, Incentives & the Bitcoin System:
https://bitcoinaudible.com/?p=4800

A huge thank you to our amazing sponsors:
SwanBitcoin - The #1 place to setup your automatic Bitcoin savings plan! (SwanBitcoin.com/guy)
BitBox - Minimal, user friendly, secure, Swiss made, open source, hardware wallet (guyswann.com/BitBox)

Much love to Bitcoin Magazine and the extraordinary LTBNetwork for the invaluable resource they provide to the Bitcoin ecosystem!

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"The World is in Denial" - Preston Pysh

Preston Pysh joins Bitcoin Audible to talk the horrible macro environment, the unraveling of the financial markets, the enormous risk of inflation, & how the maturation of Bitcoin could turn everything upside down. The establishment of real market interest rates & liquid futures markets within the Bitcoin ecosystem isn't merely a sign of growth, it's a fundamentally important step toward a robust, global financial system built atop Bitcoin as the new monetary base.

Don't miss today's excellent interview with the host of the most downloaded investor's podcast, "We Study Billionaires" and founder of the "Investors Podcast Network," Preston Pysh.

Check out Preston Pysh on Twitter and his amazing podcasts at the links below:
https://twitter.com/PrestonPysh
https://www.theinvestorspodcast.com/

A huge thank you to our amazing sponsors:
SwanBitcoin - The #1 place to setup your automatic Bitcoin savings plan! (SwanBitcoin.com/guy)
BitBox - Minimal, user friendly, secure, Swiss made, open source, hardware wallet (guyswann.com/BitBox)

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• Why Matt Odell is wrong about the OCC statement
• Bullish review of the SeeTee Shareholder Letter
• Microstrategy & 0% bonds
• Jack Mallers taking over the world
• NYDIG
• MassMutual, Square, Tesla, Marathon, Stone Ridge, & the Bitcoin Treasury Rush
• Next phase of the Bitcoin mining industry
• Lightning everywhere
• New developer grants
• Rewards Cards everywhere!
...and tons more

The flood of 2021 is well underway.

Lightning as a Retail Payment System:
https://medium.com/galoymoney/lightning-as-a-retail-payment-system-part-1-7463c46342ef

A huge thank you to our amazing sponsors:
SwanBitcoin - The #1 place to setup your automatic Bitcoin savings plan! (SwanBitcoin.com/guy)
BitBox - Minimal, user friendly, secure, Swiss made, open source, hardware wallet (guyswann.com/BitBox)

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"We are not going to wait for the future - we want to join in building it as well! I encourage entrepreneurs to reach out to Seetee. The bigger the dream, the more we listen."

Kjell Inge Røkke

Covering the recent, incredible announcement that the Norwegian energy giant, Aker has made a strong push into both building for & investing in the Bitcoin ecosystem, we read the SeeTee shareholder letter on their breakdown of their journey into Bitcoin, their thinking on its massive potential, & their vision for the future. Another phenomenal read not to be missed.

The SeeTee Shareholder Letter, check out the original below:
https://www.seetee.io/

A huge thank you to our amazing sponsors:
LVL.co - The first Free, no-fee exchange & Bitcoin banking services! (guyswann.com/lvl)
SwanBitcoin - The #1 place to setup your automatic Bitcoin savings plan! (SwanBitcoin.com/guy)
BitBox - Minimal, user friendly, secure, Swiss made, open source, hardware wallet (guyswann.com/BitBox)

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“This problem is precisely why all previous attempts of digital cash required a central­ized registry. You always had to trust someone to correctly identify the order of things. A central­ized party was required to keep the time. Bitcoin solves this problem by re-inventing time itself. It says no to seconds and yes to blocks.”- DerGigi

DerGigi is back at it with a chapter from his upcoming book 21 Ways, all about the nature of Bitcoin not as new invention in money, or payments, or cryptography… but rather a new invention in the realm of time. Bitcoin doesn’t merely allow an ordering of events, it actually invents its own concept, of time.

Bitcoin is Time:
https://dergigi.com/2021/01/14/bitcoin-is-time/

Don’t forget to check out DerGigi’s other phenomenal work and support him at the link below:
https://dergigi.com/support/

POW is a Decentralized Clock:
https://bitcoinaudible.com/?p=4728

21 Lessons:
Listen on Audible

Today's Bitcoin Resource:
Bo Bullshit Bitcoin

A huge thank you to our amazing sponsors:
LVL.co - The first Free, no-fee exchange & Bitcoin banking services! (guyswann.com/lvl)
SwanBitcoin - The #1 place to setup your automatic Bitcoin savings plan! (SwanBitcoin.com/guy)
BitBox - Minimal, user friendly, secure, Swiss made, open source, hardware wallet (guyswann.com/BitBox)

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"As a consensus system without central authority, Bitcoin protocol upgrades can be challenging. If one segment of the network upgrades to a new version of the protocol before another segment does, different nodes might enforce different rules, introducing the risk that the network fractures between them." - Aaron Van Wirdum

Today's read is from Aaron Van Wirdum at Bitcoin Magazine, an excellent writer who has so many brilliant breakdowns of the technical and historical elements of Bitcoin. Taproot is SO close, but there is a final debate, a final hurdle to tackle before we get to see it activated on the network, and that’s over how and when to turn on the switch.

LOT=true or LOT=false? This is the Last Hurdle Before Taproot Activation:
https://bitcoinmagazine.com/technical/lottrue-or-lotfalse-this-is-the-last-hurdle-before-taproot-activation

Check out the Bitcoin Audible Page for Aaron & his collection of amazing work:
https://bitcoinaudible.com/?page_id=5204

Today’s Bitcoin Resource:
mempool.space

A huge thank you to our amazing sponsors:
LVL.co - The first Free, no-fee exchange & Bitcoin banking services! (guyswann.com/lvl)
SwanBitcoin - The #1 place to setup your automatic Bitcoin savings plan! (SwanBitcoin.com/guy)
BitBox - Minimal, user friendly, secure, Swiss made, open source, hardware wallet (guyswann.com/BitBox)

Final thanks to Bitcoin Magazine and the LTBNetwork for being such an incredible source of signal to the Bitcoin ecosystem! letstalkbitcoin.com

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"The most egregious falsehood regarding economic health that is nonetheless widely believed is surely that we ought to measure it by the magnitude of goods and services consumed. This is dangerous nonsense." - Allen Farrington

How is it that we found ourselves in such a disastrous and unstable financial situation across the entire country, and even the entire world? How has the economic system been overtaken by exploiters, over consumption, and waste while completely lost touch with sustainable, thoughtful production and value? Laying out the whole picture in today's article, we have the audio version of Allen Farrington's "The Capital Strip Mine."

Check out the original article and drop some applause at the link below:
The Capital Strip Mine:
https://allenfarrington.medium.com/the-capital-strip-mine-ec627e9fe40a

Other articles mentioned in today's Guy's Take:
Bitcoin is the Great Definancialization:
https://bitcoinaudible.com/?p=5554

Today’s Bitcoin Resource:
https://bitcoinerjobs.co/

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"The Internet’s protocol (transmission control protocol/Internet protocol, or TCP/IP) doesn’t offer “services.” It doesn’t make decisions about content. It doesn’t distinguish between photos and text, video and audio. It doesn’t have a list of approved applications. It doesn’t even distinguish between client and server, user and host, or individual versus corporation. Every IP address is an equal peer." - Andreas M. Antonopolous

Today we hit a great and classic essay by Andreas on the amazing FEE.org that hits on a key way to think about decentralized network, and a critical part of why they will innovate orders of magnitude more quickly than their centralized counterparts. The difference between "smart" networks and "dumb" networks, and why the dumb will also conquer. Bitcoin is the internet of money, and on read #500, hear Andreas explain why.

Check out the original article at the link below:
https://fee.org/articles/decentralization-why-dumb-networks-are-better/

Other great pieces mentioned in today's show, along with the thread that includes numerous others for further journey down the rabbit hole:
Lightning Enables Unicast Transactions in Bitcoin:
https://bitcoinaudible.com/?p=347
On Schelling Points, Network Effects, & Lindy:
https://bitcoinaudible.com/?p=4504
Anil's Amazing thread with 20 fundamental essay for understanding Bitcoin:
https://twitter.com/anilsaidso/status/1290758632238276609?s=20

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"If the US Dollar really was to reach an uncontrollable level of inflation, a last move by the Fed may be to do this same trade on a Federal level by printing dollars to acquire Bitcoins to stack on their balance sheet. Only time will tell." - William Clemente III

Today we read an excellent piece from bitrawr.com by William Clemente on the various feedback loops that could lead not only to the qualitative loss of trust in the fiat system, but a quantitative pull to earn a near risk-free position in the Bitcoin collateralized lending markets. Edited in part by Preston Pysh who has discussed this idea in greater depth, what happens when multiple feedback loops within the Bitcoin markets converge to make it an increasingly liquid, low risk, high yield asset? It creates a Bitcoin Black Hole.

The Bitcoin Black Hole Effect:
https://www.bitrawr.com/the-bitcoin-blackhole-effect

For other great articles and episode mentioned in this show, check out the links below:
Read 489 - The Cantillon Effect 2.0:
https://bitcoinaudible.com/?p=5678
Asset DNA - Speculative Attack:
https://bitcoinaudible.com/?p=5714
Bitcoin is the Great Definancialization:
https://bitcoinaudible.com/?p=5554
The MacroVoices episode on Interest Rates:
https://www.macrovoices.com/946-macrovoices-259-louis-vincent-gave-as-inflationista-as-they-come

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"So far, it seems that when governments try to ban or restrict Bitcoin, it ends up merely accelerating the adoption of the currency inside their countries. Governments that have failed miserably with their Wars on Drugs may find stopping people from holding something that’s invisible, borderless, and teleporting much more difficult." - Alex Gladstein

Today we read an amazing article from Quillette by returning author and brilliant Bitcoiner, Alex Gladstein. Can governments ban Bitcoin? Will they? Will this kill Bitcoin? Find out in an excellent walk through the many different potentialities of a government attack on Bitcoin, and why its likely that they all fail, or backfire in a major. Plus a 50 minute Guy's Take on all the reasons Alex is potentially right, & what we can draw from Bitcoin's history that informs this perspective.

Don't forget to check out the article below, and follow Alex on Twitter:
https://quillette.com/2021/02/21/can-governments-stop-bitcoin/
https://twitter.com/gladstein

For other great episode on this topic and others related to it mentioned in the show:
Bitcoin Cannot be Banned [Parker Lewis]:
https://bitcoinaudible.com/?p=3943
Bitcoin POW is a Decentralized Clock [Grisha]:
https://bitcoinaudible.com/?p=4728
An Unstoppable Force [Guy's Take]:
https://bitcoinaudible.com/?p=5450
The Sovereign Company Thesis [Ck Snarks]:
https://bitcoinaudible.com/?p=5521

A Lovely welcome back to SwanBitcoin as a supporter of BitcoinAudible. Making the best in Bitcoin available to listen while auto-buying Bitcoin at the same time! SwanBitcoin.com/guy

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"Peter Todd, a Bitcoin developer who has been around from the very beginning and even well before Bitcoin was released and Guy Swann who bought his first Bitcoin on Mt. Gox in early 2011, join us to dive into Bitcoin's fascinating history."

Today we get into a recent fun episode on Swan Signal where we take a little walk through Bitcoin's history. For those new to Bitcoin this is a great discussion to get an idea of how we got to where we are, and the reason behind it.

Connect with Peter Todd:
https://twitter.com/peterktodd​
https://petertodd.org​

Connect with Brady Swenson:
https://twitter.com/CitizenBitcoin
https://citizenbitcoin.world/

Connect with Swan on social media:
Twitter: https://twitter.com/SwanBitcoin​​
Telegram: https://t.me/swansignal​

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"Does anybody really believe that, having fully understood the choice they face, any individual would choose to save in a self-referentially mispriced toxic loan rather than a provably sound digital bearer asset? Or, more simply still, that they will think it makes less sense to hold money that is a pure asset than money that is literally defined as a liability? Why not opt into a financial system that is built on trustless verifiability rather than unverifiable trust?" - Allen Farrington

Today's amazing read simply needs to be listened to. Bitcoin is Venice, a continuation of the Wittgenstein's Money series from Allen F. Don't forget to follow Allen on Twitter & Medium.

Check out the original article below to drop applause and check out Allen's other amazing work:
https://allenfarrington.medium.com/bitcoin-is-venice-8414dda42070

Audio for his other recent piece, Wittgenstein's Money (And other article mentioned in the show) can be found below:
https://bitcoinaudible.com/?p=5659
Follow up to Wittgenstein's Money - Guy's Take #40:
https://bitcoinaudible.com/?p=5661
Bitcoin is Worse is Better:
https://bitcoinaudible.com/?p=3491
Walking Tall - Guy's Take #36:
https://bitcoinaudible.com/?p=4933
Hayek's Use of Knowledge in Society:
https://bitcoinaudible.com/?p=2902

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“When we begin to value things in bitcoin, we can find their legitimate value, as bitcoin is the most legitimately-valued money. There are no manipulations of supply, or buybacks, or quantitative easing or laws protecting value — only direct valuation.” - Casey

Bitcoin may appear volatile, but how does it make sense to measure the volatility of an asset with extremely stable & predictable supply, in an asset who’s supply is horrifically volatile & unpredictable? What happens when we turn that image on its head, and start pricing the world in Bitcoin, the hardest monetary asset in the world? Today’s episode is all about it, with Casey’s Bitcoin Magazine article: “Stocks Don’t Truly Discover Price, Bitcoin Fixes This.”

Check out the original article by Casey and so much more at Bitcoin Magazine with the link below:
https://bitcoinmagazine.com/articles/stocks-dont-truly-discover-price-bitcoin-fixes-this

Huge thank you to the LTBNetwork & Bitcoin Magazine for being such an incredible resource for the Bitcoin ecosystem!
letstalkbitcoin.com

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“The annual issuance rate with all those annotations kind of looks like it was drawn by a Bitcoiner making fun of Ethereum, but instead that’s from an Ethereum source. Various Ethereum Improvement Proposals or “EIPs” by developers have changed its monetary policy over time as needed for various reasons.” - Lyn Alden

Lyn Alden always brings a clear, investor centered perspective to the space which I highly value. With no “crypto” or Bitcoin baggage she takes a rational view of digital assets from their long term investment potential. In today’s piece, let’s find out what she sees in “An Economic Analysis of Ethereum.”

Check out the original article below:
https://www.lynalden.com/ethereum-analysis/

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"Supplying liquidity is an investment, and we need to treat it accordingly. Like lending money or buying stock, investors commit capital for a period and expect a return that increases over time." - Roy Sheinfeld

Now that we are entering Chapter 2 of Bitcoin where the free and open network begins to act as a backbone for financial infrastructure made possible by the Lightning network and global Bitcoin liquidity, we dive into the economics of Lightning with the Breez Technology CEO, Roy Sheinfeld. Is inbound liquidity really a "problem," or is it a new market dynamic that will drive an entire industry? Find out in today's awesome article...
Lightning Economics: How I Learned to Stop Worrying and Love Inbound Liquidity
https://medium.com/breez-technology/lightning-economics-how-i-learned-to-stop-worrying-and-love-inbound-liquidity-511d05aa8b8b

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"if the representation of reality in this article is correct, the highest and best use of a dollar of debt may simply be to buy bitcoin. Many more individuals and entities will leverage this asymmetry for personal gain into the future." - Croesus

With increased attention on the Bitcoin price and the speculative attack by Michael Saylor himself having paid off so extraordinarily well, its time to revisit the concept with an article by Croesus_BTC at Bitcoin Magazine. Its not merely something that might occur, or just a fun thought experiment, its in the very DNA of these assets. Borrowing dollars in a manipulated, low interest environment, may find its most productive and valuable use in simply buying Bitcoin.

Check out the great visuals and the many other excellent articles at Bitcoin Magazine below:
https://bitcoinmagazine.com/articles/asset-dna-explaining-bitcoins-speculative-attack-on-the-dollar

Buy Bitcoin using SwanBitcoin.com/guy to start your own automatic savings plan, get your first $10 free after setting it up, AND support the podcast!

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"In Chapter 1 we reached millions. In Chapter 2 we're going to reach billions and we're going to do it quickly. And Chapter 2 starts right now." - Ross Stevens

We are entering a phase of Bitcoin where it becomes accepted as a global store of value asset by large institutions and corporations around the world. Yet simultaneously, we are reaching a point where Bitcoin is also being recognized and utilized as a global, open source, and highly liquid monetary *network.* Chapter 2 isn't merely about Bitcoin being used to store and protect value, but about Lightning, and the ability to instantly send money and swap it with any currency anywhere in the world.

Inspired by a tweet from Ryan Gentry with an excerpt from Ross Stevens conversation with Michael Saylor... find out just how much Bitcoin is about to shake the world in today's guy's take episode! Check out the relevant tweet from Ryan:
https://twitter.com/RyanTheGentry/status/1357487814645067789

The other episode mentioned at the beginning of the show to check out:
Stone Ridge Letter:
https://bitcoinaudible.com/?p=5598
Lightning as a Retail Payment System:
https://bitcoinaudible.com/?p=4567

Buy Bitcoin using SwanBitcoin.com/guy to start your own automatic savings plan, get your first $10 free after setting it up, AND support the podcast!

Don't forget our lovely sponsors & their phenomenal products:
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"I believe Bitcoin is one hell of an invention. To have invented a new type of money via a system that is programmed into a computer and that has worked for around 10 years and is rapidly gaining popularity as both a type of money and a storehold of wealth is an amazing accomplishment." - Ray Dalio

We read a great piece by Ray Dalio to get his thoughts, concerns, & criticisms of Bitcoin as well as Guy's Take trying to answer those criticisms and making sense of the mental model that will better make sense of these monetary technologies. Rather than trust the sound bites and the tweets, let's hear exactly what Ray has to say.

What I Really Think About Bitcoin:
https://www.linkedin.com/pulse/what-i-really-think-bitcoin-ray-dalio

Dont forget to check out the episode I mentioned in the commentary on Schelling Points, Network Effects, & Lindy:
https://bitcoinaudible.com/?p=4504

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"Perhaps one of the great ironies of the future will be the Solcoin alliance between urbane Terrans and hillbilly belters." - Dhruv Bansal

Continuing our awesome walk through Dhruv's excellent Bitcoin Astronomy series we hit Part 2 today! What does a Type II blockchain look like when we scale to a Type II society? What time scales do they operate on, and what horizons will they enable us to conquer? Can multiple blockchains resonate with each other, or is one doomed to collapse into another? You ahve to listen to find out!

Check out the original article plus the incredible amount of other great writing at the Unchained Capital Blog:
https://unchained-capital.com/blog/bitcoin-astronomy-part-ii/

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Preparing for the Second Part of Dhruv's incredible series, today we have a reboot of Part 1!

Equal parts entertaining & intellectually intriguing, we start with Part 1 of Dhruv Bansal's wonderful piece, Bitcoin Astronomy!  The interplanetary center of hash, the Law of Hash Horizons, the Muskcoin Revolution, retaliation of the Bitcoin Empire, and the total economic devastation of the Hash Bomb!  How could you not want to know more?

Another one from the excellent content over at the Unchained Capital Blog:
https://www.unchained-capital.com/blog/law-of-hash-horizons/

Stack sats automatically and get $10 free to start with my referral link:
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"People aren’t trading bitcoin, they’re accumulating more and more of it over time and holding it long term (aka, “stacking sats“). This is evident not only through the raw on-chain data and exchange flows, but also through consumer behavior." - Abhay Aluri

We aren't in the same world, nor the same phase of Bitcoin as we were in 2017. This bull run seems not to be fueled by retail speculation and wall street gamblers, but instead its entering a phase where its a truly legitimized, investment grade asset that is being used as a first layer money to hedge against the infrastructure of the financial system, as well as against the increasing volatility and devaluation seen across all fiat currency. Another great article from Bitcoin Magazine, by author Abhay Aluri, "Bitcoin 2017 v 2021: How This Bull Run is Different."

Check out the original article at the length below:
https://bitcoinmagazine.com/articles/bitcoin-2017-vs-2021-how-this-bull-run-is-different

Don't forget to check out the other articles by Abhay linked in this piece:
https://ryze.substack.com/p/bitcoin-as-the-ultimate-insurance
https://ryze.substack.com/p/money-printing-inflation-and-the

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Thanks to the amazing team over at BTCMedia and the LTBNetwork for sharing this show and don't forget to check out the Bitcoin2021 Conference and get your tickets if you haven't yet!! It's gonna be LiT!🔥
https://b.tc/conference

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Curious to know what the recent clown show of GameStop and r/WallStreetBets was all about? Well we get into it in today's rant about the phenomenal arrogance and outright manipulation of the major players in Wall Street after retail investors made them cry. There is nothing that could more perfectly demonstrate the reality that average Joe's only have freedom when they are losing, but when they make a win at the expense of billionaire hedge funds, you can bet your ass the stocks will be delisted, accounts will be frozen, positions will be closed for no reason, the SEC will investigate "manipulation" from the retail investors, & the big dogs will do everything they can to prevent from paying the bill.

GameStop was just the battle, Bitcoin is the War. This shit has got to stop.

Links related to discussion in the show:
Naked Shorting:
https://www.investopedia.com/terms/n/nakedshorting.asp
The "In a Nutshell" Explanation:
https://twitter.com/GarbyJooman3/status/1354617711914061827
https://twitter.com/_jimmykelly/status/1354600999835607041/photo/1
SEC Investigating *Reddit Users*:
https://pbs.twimg.com/media/Es2aHJbUYAMgvTy?format=jpg&name=4096x4096
The Passion of WallStreetBets:
https://twitter.com/denverbitcoin/status/1354227501304852492
Ja Rule:
https://twitter.com/jarule/status/1354812123080138759
Robinhood ClassAction Lawsuit:
https://lawandcrime.com/lawsuit/robinhood-trading-app-has-already-been-sued-for-manipulating-the-open-market-by-restricting-trades-on-reddit-driven-stocks/
Insider Trading is Legal, Outsider Trading will be Punished:
https://twitter.com/AgoristView/status/1354277645324869633
https://www.reddit.com/r/wallstreetbets/comments/l79x17/it_runs_very_deep_my_friends/
Big Guys need to "Recalibrate":
https://www.reddit.com/r/wallstreetbets/comments/l747eg/citadel_reloaded_their_shorts_before_they_told/

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“Because of Nakamoto’s deliberate actions and Bitcoin’s permissionless, free & open-source nature, bitcoin is the first truly neutral money. Bitcoin eliminates the inherent unfairness that comes with all previous monies as well as any need to trust a third party in order to use Bitcoin.” - CK & Deniz Saat

The inherent problem with our monetary system is a systemic & inescapable unfairness. Bitcoin is provably, the fairest money that has ever existed. If you actually believe in equality, that everyone should play by the same rules, then there is no defensibility of our current money. For justice & equality, Bitcoin isn’t just a better option, its the only option.

Today’s amazing read from Christian Keroles & Deniz Saat, another amazing Bitcoin Magazine piece:
“The Cantillon Effect 2.0 - Bitcoin is the World’s First Truly Fair Money”
https://bitcoinmagazine.com/articles/cantillon-effect-2-0-bitcoin-is-the-worlds-first-truly-fair-money

Another great episode was our recent reads, both from Bitcoin Magazine, first on “Winning Hearts and Minds for Bitcoin,” by Andy Edstrom & Peter McCormack:
https://anchor.fm/thecryptoconomy/episodes/Read_487---Winning-Hearts--Minds-for-Bitcoin-Andy-Edstrom--Peter-McCormack-ep6s5k

And then CK’s previous piece on the podcast, “The Sovereign Company Thesis”:
https://anchor.fm/thecryptoconomy/episodes/Read_475---The-Sovereign-Company-Thesis-Christian-Keroles-env68o

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And a final thanks to the amazing Bitcoin Magazine and LTBNetwork. The service these guys are doing for the Bitcoin space is incalculable! 🙏🏻

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"Any solution to the oracle problem, makes Bitcoin able to do anything that any other protocol out there can do." - Nadav Kohen

So much cool technology coming to Bitcoin! We dive into some of the most amazing new tools with Nadav Kohen of SuredBits. DLCs, Turing completeness, PTLCs, The future of Lightning and so much more! Don't miss this incredible Bitcoin Audible Chat

Follow Nadav on Social media:
https://twitter.com/nadav_kohen

Check out the SuredBits blog for breakdowns of all this incredible tech:
https://suredbits.com/

Specs on DLCs, dig in and check out all the possibilities:
https://zmnscpxj.github.io/bitcoin/unchained.html

Video diving into all the cool details & features behind PTLCs:
https://www.youtube.com/watch?v=w9o4v7Idjno&feature=youtu.be

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What the hell is everyone squealing about regarding this “critical flaw” and “confirmed double spend” on the Bitcoin network? Is this another 2013 bug, or a giant nothing burger? Guy dives into it on today’s episode and then gets into the follow-up to Wittgenstein’s Money, the amazing piece by Allen Farrington that we covered in the previous episode on the show. What is value, what is money, & what would it seem like if it did seem like a money was emerging from zero?

Don’t miss today’s Guy’s Take episode! Other great must watch/listen pieces discussed in this episode:

How I made a Toaster from Scratch
https://www.youtube.com/watch?v=5ODzO7Lz_pw

I, Pencil
https://bitcoinaudible.com/?p=1668

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"What would it seem like if it did seem like a global, digital, sound, open source, programmable money was monetizing from absolute zero?" - Allenf32

Today's piece is a remarkable and just fun article that dismisses defending Bitcoin against the static arguments that can't be money because it is too volatile to "store value," isn't a widely used "unit of account," & isn't used as a "medium of exchange," but rather it flips the perspective on its head. Instead of trying to prove that Bitcoin is or will be money, why don't we go back to the beginning and ask what it *would* look like, if a new digital money was being monetized from zero?  

This is one of my favorite of recent episodes, and we will have an awesome Guy's Take on this soon, so don't forget to subscribe! Check out the original article and drop massive applause on this piece at Allen's medium page:
https://allenfarrington.medium.com/wittgensteins-money-7cac8d0635cf

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"In a world in which governments and companies continually encroach on personal liberties via surveillance and outright control, Bitcoin shines like a beacon of freedom." - Andy Edstrom & Peter McCormack

The anti-bitcoin narratives are going to flood in and have already started. We need to be ready for it, and that’s why this piece by Andy Edstrom & Peter McCormack is a required listen/read. How do we answer the Fed, how do we respond to the propaganda and the ignorance? Find out in another of Bitcoin Magazine’s incredible recent pieces title, “Winning Hearts & Minds for Bitcoin”

Check out the original at the link below, plus the incredible library of articles dropping every day at the link below:
https://bitcoinmagazine.com/articles/winning-hearts-and-minds-for-bitcoin

Mentioned at the beginning of the show is BtcMag’s page dedicated to everything busting the Energy FUD, keep it for quick reference:
https://bitcoinmagazine.com/tags/energy-consumption

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And a final thanks to the amazing Bitcoin Magazine and LTBNetwork. The service these guys are doing for the Bitcoin space is incalculable! 🙏🏻

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“Fiat money is a positivist money, a tool of governments pursuing a utopian vision. Bitcoin is a Natural Law money, a tool to protect individual liberty. Bitcoin is therefore the more moral money.” - Jimmy Song

There is the economic case, there is the individual sovereignty case, & there is an investment case for Bitcoin. But the deepest case to be made, & the one with the strongest argument, is the moral case. It’s not merely profits, sound economics, or the potential of future growth that make Bitcoin the proper investment, but the moral truths that make Bitcoin the only real option for a better future. Today we read Jimmy Song’s excellent piece from The Bitcoin Time Vol 3, “The Moral Case for Bitcoin.”

Don’t forget to check out and drop some applause on the article at Jimmy’s medium page below:
https://medium.com/the-bitcoin-times/the-moral-case-for-bitcoin-561ed592a464

A huge thanks as always to Aleks Svetski for putting together such an awesome publication & resource for the Bitcoin community.

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“From the begin­ning, Bitcoin has remained an open source and fully trans­parent project, and has the most organic growth trajec­tory of the industry. Given avail­able infor­ma­tion, the market has priced it as it sees fit, out in the open.” - Lyn Alden

Bitcoin is a Ponzi, say the detractors. Their arguments never seem anymore sophisticated, and sound increasingly desperate as Bitcoin continues to defy their view. Is there any truth to this? Well Lyn Alden decides to break it down for us, using a range from the most narrow, to the most broad view of a Ponzi, and lays out Bitcoin’s history, network effects, & open nature against it, to make the rather obvious case in hindsight, that Bitcoin, is indeed, Not a Ponzi scheme.

Check out the original for a few great graphics and charts to better visualize the argument, and to support/follow the work both of LynAlden, and the excellent Swan Bitcoin blog:
https://www.swanbitcoin.com/why-bitcoin-is-not-a-ponzi-scheme-point-by-point/

Support the show at GuySwann.com and start auto-buying your Bitcoin stack using the best service in the space! Get $10 FREE for signing up with my link and support the podcast at the same time:
swanbitcoin.com/guy

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“As books became more accessible and affordable, individuals were now personally consuming, reflecting upon and critiquing written texts. It was an idea meritocracy. No longer was “truth” conferred solely by the ordained to the illiterate masses inside of churches.” - Anil

The Printing press was a revolution in the spread of information and communication, leading to the Renaissance and the age of Science & Reason. Bitcoin is a revolution in the dissemination & spread of real economic value. It will create a Renaissance that will dwarf that of the printing press.

Check out the original and follow the author at the links below:
https://bitcoinmagazine.com/articles/bitcoin-and-the-printing-press
https://twitter.com/anilsaidso

A huge thank you to the LTBNetwork for supporting this podcast and sharing it out with their amazing audience! And to Bitcoin Magazine for the incredible work they do in furthering education and new in the Bitcoin space.

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An excellent chat today with 2 brilliant, bullish, & amazing writers in the Bitcoin space.  Andy Edstrom, author of "Why Buy Bitcoin," and Knut Svnaholm of "Sovereignty Through Mathematics" and "Independence Reimagined" join us today for a discussion on everything important with catching the new people coming to Bitcoin, the complications with solidifying ideas out and making them accessible, the feedback loops that will make Bitcoin a dominant macro-political force, & what we can expect from 2021.  Dont miss Chat #55 with Knut & Andy.

FOLLOW Knut & Andy on Twitter so you don't miss their awesome content!
Knut Svanholm - https://twitter.com/knutsvanholm
Andy Edstrom - https://twitter.com/edstromandrew

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“Hard times make strong men, strong men create good times, good times create weak men, and weak men create hard times.” - Giacomo Zucco

Today's read is another amazing article from Vol 3 of The Bitcoin Times. This is such a cool concept taking an evolutionary and social pattern and applying it to technology and the history of the internet. Another brilliant piece for the archive and I had a blast with Guy’s Take section on this one, so don’t miss it.

Check out the original and the other amazing pieces from the Bitcoin Time Vols at the link below:
https://medium.com/the-bitcoin-times/bitcoin-and-the-hopf-cycle-of-the-internet-f351f1b7c1e3

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"Perhaps just in time, each U.S. citizen now has a choice. You can stay on the Fiat Standard, in which some people get to produce unlimited new units of money for free, just not you. Or opt in to the Bitcoin Standard, in which no one gets to do that, including you. With the option, now, of a monetary system governed by rules instead of rulers, on behalf of myself, my family, and the firms I’m responsible for leading, I’ve made my choice." - Ross L. Stevens

After about 100 requests to get it done and 2 days of recording, it's here. The Stone Ridge 2020 Shareholder Letter, that is a brilliantly thorough yet succinct breakdown of the value case for Bitcoin and how it fits into our highly volatile political and financial environments. Looking back on 2020 and what it may tell us about the years ahead.

Check out the original posted by Michael Saylor on the Microstrategy website below:
https://www.microstrategy.com/en/bitcoin/documents/stone-ridge-2020-shareholder-letter

Also great, which I listened to just before recording this piece, is the "What is water" speech by David Foster Wallace. Its a must listen:
https://www.youtube.com/watch?v=8CrOL-ydFMI

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"We don’t need to reinvent the wheel. People play games because they are fun, not because they are on a blockchain." - Simon Cowell

As Bitcoin established a universal value transfer protocol for the internet, we are going to begin to see unique monetization, and also incentive models that simply weren't possible before. One area, that historically has had deep ties to monetary incentive, but lost it in the digital age... was gaming. Listen to today's excellent article from Bitcoin Magazine and author Simon Cowell for a fascinating look at a Lightning tool built by ZebeDee, and what it may mean for the future of gaming.

Check out the original article below:
https://bitcoinmagazine.com/articles/bitcoins-killer-application-skin-in-the-game

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Closing out our recent chat with Jim & Hari from the "What Do We Know" podcast we have Part 2 of the show digging all into wallets, keys, how to buy Bitcoin, the future potential, & why we are still so early!

Check out the What do We Know podcast with Jim & Hari and their other crazy topics they dig into by visiting the link below:
guyswann.com/wdwk

Check them out on Instagram at @podcastwdwk

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“Learn about Bitcoin. Learn why its importance is so much greater than the wealth it might create for you and your family. When you do, teach others. Their futures may depend on it.” - Jeff Booth

Finishing the amazing piece from the Bitcoin Times, Vol 3, Jeff Booth’s excellent article on the game theory when technological deflation meets the fiat inflationary machine. Don’t miss the awesome conclusion with Part 2 of “The Greatest Game.”

Check out the original article below, plus the other great works with The Bitcoin Times vol 3:
https://medium.com/the-bitcoin-times/the-greatest-game-b787ac3242b2

Check out Jeff Booth's excellent book if you haven't read it, The Price of Tomorrow:
The Price of Tomorrow

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“You never change things by fighting the existing reality. To change something, build a new model that makes the existing model obsolete” - Buckminster Fuller

Today we are digging back into The Bitcoin Times Vol 3!  Our read is a brilliant piece by Jeff Booth, author of The Price of Tomorrow, titled “The Greatest Game.” Paradigm shifts, why they are so hard to see, why capitalistic failure is a critical component, and how the old system compounds its own imbalances that make it unable to compete with the new challenger. A lens to view our changing world, this is not to be missed.

Don't forget to check out the original with that hilarious graph showing just how horribly off mark the CBO yield estimates have been for the past decade, plus the other great work from the author & The Bitcoin Times:
https://medium.com/the-bitcoin-times/the-greatest-game-b787ac3242b2

Check out Jeff Booth's excellent book if you haven't read it, The Price of Tomorrow:
The Price of Tomorrow

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Just after the announcement of the SEC lawsuit, a filing that is just full of scammy goodness, the ongoing delistings of XRP, & a massive crash in the price... what better time is there to dedicate a full episode of Shitcoin Insider to the glorious XRP?

Is Ripple a security? Is it a scam? Can it do anything it claims to do? Does anyone even use their product? Find out all this and more with Guy and his co-host, THE Shitcoin Insider returning for our conversation. The duo are joined today with yet another Insider, this one working in the industry and with a trove of Ripple knowledge. Find out everything you never knew you needed to know about Ripple, in today's Shitcoin Insider!

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"After all, Bitcoin is just a tool, and it’s only revolutionary in so far as its unique attributes generate novel possibilities for action — that is to say, new behaviors." - John Vallis

Before continuing our ride through The Bitcoin Times, we have a fantastic piece from John Vallis as part of the End of Year 2020 series with Bitcoin Magazine. One of numerous excellent articles looking back on 2020 and what it brought to Bitcoin, and what Bitcoin brought to it. John Vallis gives us a perspective of the change that Bitcoin instills, after all its just a tool, what really makes a difference, and where the change truly lies, is in us.

Don't miss a wonderful piece on the human element of Bitcoin's societal revolution. Bullish on Bitcoiners:
https://bitcoinmagazine.com/articles/after-an-unforgettable-year-im-most-bullish-on-bitcoiners

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We are in the midst of one of history's greatest financial bubbles, represented both in a global debt crisis, as well as a bloated, subsidized financial sector that is many times greater in size than it naturally should be. Rather than Bitcoin being the bubble that everyone claims it is, on the contrary, the financial system is a "greater fool" bubble, and Bitcoin is the pin.

Don't forget to check out the great reads that were mentioned and shed tons of light on today's take:
The Use of Knowledge in Society:
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_250---Use-of-Knowledge-in-Society-Part-1---F--A--Hayek-e43pfj/a-afr12i
The Fraying of the Petrodollar System:
Part 1 - https://anchor.fm/thecryptoconomy/episodes/Read_473---The-Fraying-of-the-Petrodollar-System---Part-1-Lyn-Alden-enrte3/a-a44sscd
Part 2 - https://anchor.fm/thecryptoconomy/episodes/Read_474---The-Fraying-of-the-Petrodollar-System---Part-2-Lyn-Alden-ente7q/a-a457ib8
Bitcoin is the Great Financialization:
https://anchor.fm/thecryptoconomy/episodes/Read_477---Bitcoin-is-the-Great-Definancialization-Parker-Lewis-eo62fl

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"The greatest trick that central banks ever pulled was convincing the world that individuals must perpetually take risk just to preserve value already created (and saved). It is insane, and the only practical solution is to find a better form of money which eliminates the negative asymmetry inherent to systemic currency debasement." - Parker Lewis

Let the Gradually, Then Suddenly series never die! Installment #17 comes to us in the 2020 edition of The Bitcoin Times. Parker Lewis hits it out of the park again with a piece detailing the process by which our monetary system has led to a massive, bloated, and over-financialized economy, forcing people to fight just to keep the value they already earned.

"Bitcoin is the Great Definancialization"
https://medium.com/the-bitcoin-times/bitcoin-is-the-great-definancialization-65b4c27a8371

Don't forget to check out the graphics in the piece above and drop some massive applause, also explore the other brilliant pieces in the newest edition of The Bitcoin Times.
https://sites.google.com/getamber.io/thebitcointimes/

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"we should all take a moment to be deeply grateful for the introduction of an ark upon which we can board, and from which we can later rebuild.” - Aleks Svetski

The Bitcoin Times vol 3 has LANDED! We are getting into it with 7 incredible pieces, starting today with the froward from Aleks Svetski, "Bitcoin & the Legend of Prometheus." You aren't going to want to miss this week as we dive into tons of other great works by Parker Lewis, Jeff Booth, Giacomo Zucco, Erik Cason, & Jimmy Song.

Check out the original by Aleks Svetski at the link below to drop some applause:
https://medium.com/the-bitcoin-times/bitcoin-the-legend-of-prometheus-13170ca65ce0

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Today we have a crazy fun show after getting to hang with Jim & Hari (and James)from the What Do We Know podcast! A couple of guys who just wanted to know WTF a Bitcoin was, and we get into all of it in a 2 hour marathon. This is part 1, with part 2 on the way.

Check out the What do We Know podcast with Jim & Hari and their other crazy topics they dig into by visiting the link below:
guyswann.com/wdwk

Check them out on Instagram at @podcastwdwk

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“GF’s out at a lesbian bar, BTC crashing WHY AM I HOLDING? I’LL TELL YOU WHY…” - GameKyuubi

The origins of the greatest meme in Bitcoin history.

For all the rest of the Bitcoin holidays, check out the calendar over at thecryptoconomy.com:
https://thecryptoconomy.com/calendar/

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“Today, bitcoin is still an alternative treasury asset, but as larger and more powerful organizations begin to use Bitcoin directly, they will begin to tear away from the overreach of governments. This in and of itself will challenge the dynamics of governance and the nature of nation states as we currently know them." - Ck_snarks

We all know that Bitcoin creates sovereignty and protects the individual's right to own and use money without the permission of government. But everything it provides to the individual, it can provide to a company as well. With the BitMEX example giving us a taste of what could be, Christian Keroles takes us through a great, quick read on the sovereignty of business enterprise in a Bitcoin world, and how it fundamentally changes the dynamics of governance, and removes the power to shut down the capital of the world.

Check out the full article plus the tons of other great works at Bitcoin Magazine:
https://bitcoinmagazine.com/articles/the-sovereign-company-thesis

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"As a decentralized and open source project, adopted by many programmers and proponents around the world, many intelligent people have dedicated their careers to Bitcoin. It’s hard to find a more voracious group of people than those in the Bitcoin community, and increasingly over time, Wall Street money has poured in as well." - Lyn Alden

Today we conclude the awesome piece from Lyn Alden breaking down the petrodollar system and get some time to explore just how entering Bitcoin into the field could change the path going forward. Does it become a niche asset that serves a small market for specific use cases, or does it become something much bigger? Listen to find out, we have got a marathon of one today, and you don't want to miss it.

Don't forget to explore the absolute treasure trove of graphs and data to accompany this piece, and obviously the other amazing work from Lyn Alden as well:
https://www.lynalden.com/fraying-petrodollar-system/#next

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"Taking my view a step further, evidence shows that the global monetary system as currently structured is gradually re-aligning itself, and this fact will have important ramifications for investments over the long run." - Lyn Alden

We start today into another amazing piece from Lyn Alden that digs into the history, the cycles, the problems, the half solutions, and the long term consequences of our dollar based global monetary system. What led to its creation, how does it move in the macro environment, and are crack beginning to show that may have the world re-align to an entirely new system? Don't miss the first part of this amazing piece, "The Fraying of the Petrodollar System."

Find the plethora of charts and data to go along with it at the link below, plus the other amazing work from Lyn:
https://www.lynalden.com/fraying-petrodollar-system/#fraying

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"It's not that a government has the ability to ban Bitcoin from their country, I think it's closer to the opposite: A country only has the ability to ban itself from Bitcoin." - Guy Swann

Today we've got my speech from BitBlockBoom to close out the week. One I've been meaning to share for some time, and I think you guys will really enjoy it. If you prefer the video version, you can check it out at the link below.

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"For the reader who has become familiar with the operation of bitcoin, a good way to understand the operation of fiat is by drawing analogy to the operation of bitcoin using concepts like mining, nodes, balances, and proof of work. My aim is to explain the operation and engineering structure of the fiat monetary system and how it operates, in reality, away from the naive romanticism of governments and banks who have benefited from this system for a century." - Saifedean Ammous

Today we dig into Chapter 1 of the sequel to the seminal work in the Bitcoin ecosystem, The Fiat Standard. The book is being published on Saifedean.com chapter by chapter before its final release, and you can subscribe to get his courses and the other chapters as they release. But today we dig into the first chapter, the ideas, and a new mindset for examining the failures and successes of fiat money. This is not to be missed.

The Fiat Standard - Chapter 1:
https://saifedean.com/the-fiat-standard-chapter-1/

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"My own prediction is that slow bleed has been accelerating and is only the first step. The second step will be speculative attacks that use bitcoins as a platform. The third and final step will be hyper-bitcoinization." - Pierre Rochard

We are entering a new phase of the Bitcoin game theory. What really happens when the hardest money in the world, encounters hundreds of weak, fiat currencies? What unfolds is a series of feedback loops that drive the bad money out of circulation, and leads to eventual "speculative attacks" on the weaker currencies particularly in conditions with high capital controls, falling reserves, and manipulated interest rates. All conditions that the modern world finds every way they look. Don't miss this amazing blast from the past by Pierre Rochard, predicting the very environment of 2020, back in 2014.

From the ever amazing Nakamoto Institute, Pierre's "Speculative Attack":
https://nakamotoinstitute.org/mempool/speculative-attack/

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“What Bitcoin is depends on its use as a means of storing and porting value, which in turn rests on secure titles to ownership of a scarce good.” - Jeffrey Tucker

It can be incredibly difficult to make sense of, and imagine the immense amount of value provided by the Bitcoin system. And so often we conflate the token itself, with the assurances it provides. Clearly they cannot be detached from one another, but what else is there that could explain how, after 10 months at a price of zero, Bitcoin finally achieved a positive valuation? What led to this moment, and does this break Mises's Regression Theorem, or does it actually meet the criteria laid out by the brilliant economist, almost a century later?

Find out in today's awesome read from author and editorial Director of Aier.org, Jeffrey Tucker:
https://www.aier.org/article/why-does-bitcoin-have-value/

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"With his choice of words, Taaki had outed an elephant in the room. It was true, Nakamoto had enacted soft forks, but by late 2011, the network no longer operated as it did in those early days." - Aaron & Pete

Before the great block size wars of 2017, there was the first war of the Bitcoin protocol, that established the ideological divide, and ask the question that would infamy get its answer on Bitcoin’s Independence Day in 2017. Another excellent Bitcoin Magazine piece from authors, Pete Rizzo & Aaron Van Wirdum: “The Untold Story of the First Bitcoin War”

Check out the Original article for tons of referenced conversations and sources, plus the other excellent stuff by both articles and Bitcoin Magazine:
https://bitcoinmagazine.com/articles/the-battle-for-p2sh-the-untold-story-of-the-first-bitcoin-war

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And lastly a huge thank you to BTCMedia and the LTBNetwork for the amazing resource they've been to the Bitcoin space!

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“Bitcoin is a battle ground to restore freedom, truth, and virtue in the world.” - Robert Breedlove

Another excellent piece from Breedlove, this time on the SwanBitcoin blog. The very purpose of money and civilization is to abate the entropy and chaos of the natural world. It is to protect ourselves from an uncertain future. Central banks are institutions that confiscate that production and safety for themselves and the political apparatus, and pour entropy into our lives and economic realities.

Bitcoin will realign the incentives, it will protect the people and entrepreneurs from the evils of inflation, and it will finally right the ship. Today’s read by Robert Breedlove, “Bitcoin is Hope.”

Check out the tons of additional links and ways to follow Breedlove and support his work by going to the link, as well as some great quotes and artwork that accompany this piece:
https://www.swanbitcoin.com/bitcoin-is-hope

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"But there is something even more interesting that happens with mining and electricity. Not only does Bitcoin mining add revenue to existing locations of energy production, but it also makes other previously unprofitable energy sources profitable." - Rollo McFloogle

A Guest post from both a patron to the show and host of the Rollo & Slappy Show, we dive into a Bitcoin Magazine piece by Rollo McFloogle. Often when you talk about Bitcoin as a future money, people attack back with the claim that it "doesn't work without electricity!" This is obviously true, but exactly how much should this matter to us, and what is the risk to the Bitcoin network really? Maybe they are just an idiot, like Grum... hear all about it in today's article, "Bitcoin Does Not Rely on Utilities."

Full article and other great stuff at Bitcoin Magazine:
https://bitcoinmagazine.com/articles/you-dont-have-to-worry-about-bitcoins-reliance-on-utilities

Thank you sponsors!
Hexa Wallet - Mobile wallet, seedless, batching, custom fees, multiple accounts & more (guyswann.com/Hexa)
BitBox - Minimal, user friendly, secure, Swiss made, open source, hardware wallet (guyswann.com/BitBox)

The Cosmic Deep Dive Course! 21% off with code "guyswann"! This is not a sponsorship, but just a great way to learn about Bitcoin from incredibly knowledgable people in this space.

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Had an excellent chat with the CEO of ShiftCrypto yesterday all about building Bitcoin hardware, the security trade offs, and creating secure tools for a world where security is both foreign and a distant after thought. How does Bitcoin change our digital environment, and the way we think about security? Dont miss this and much more in today's chat!

Follow the founders, Douglas Bakkum & Jonas Schnelli on Twitter. And stay up on the company and what they are building at the link below:
https://twitter.com/ShiftCryptoHQ

If you want to get your BitBox hardware wallet, check them out at guyswann.com/bitbox

And a huge thanks to both of our sponsors, ShiftCrypto for today's awesome conversation, and Hexa Wallet for supporting the podcast and bringing the best in Bitcoin to everyone who doesn't have the time to read!

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"And replacing gold is just the start. Bitcoin isn’t just a better gold; because of its programmability, it’s a platform that will host the future of money. It will disintermediate many core functions in finance." - James O'Beirne

For those new to Bitcoin, this is a great, short introduction to why the next year could be a massive shift, and why we don't want friends and family to miss it, for not having heard from those in the space. Unsolicited financial advise is always uncomfortable, but saying nothing at all might be even more so. Check out James O'Beirne's excellent piece to friends & family... "A Note on Bitcoin"

The original has many links to other works and content, services mentioned, charts showing the relationships, & lots of other useful info below:
https://docs.google.com/document/d/1Vx8EMBrOE7hkXKeyQBiIyCKb7TOzn1AEUaxn4dfuU1I/

Other great content:
Bitcoin For Safety:
https://jameso.be/2019/08/24/bitcoin-is-for-this.html
7 Misconceptions of Bitcoin (by Lyn Alden):
https://anchor.fm/thecryptoconomy/episodes/Read_462---7-Misconceptions-About-Bitcoin-Lyn-Alden-emdgou
Inventing Bitcoin (book by Yan Pritzker):
https://www.audible.com/pd/B087C59TS7/?source_code=AUDFPWS0223189MWU-BK-ACX0-192596&ref=acx_bty_BK_ACX0_192596_pd_us
Chat with Michael Saylor:
https://anchor.fm/thecryptoconomy/episodes/Chat-47---Magic-Gold-with-Michael-Saylor-ejrbld

Thank you sponsors!
Hexa Wallet - Mobile wallet, seedless, batching, custom fees, multiple accounts & more (guyswann.com/Hexa)
BitBox - Minimal, user friendly, secure, Swiss made, open source, hardware wallet (guyswann.com/BitBox)

The Cosmic Deep Dive Course! 21% off with code "guyswann"! This is not a sponsorship, just a great way to learn about Bitcoin from incredibly knowledgable people in this space.

Other great wallets & Services that Guy uses:
SwanBitcoin.com/guy - for buying & holding Bitcoin long term ($10 in BTC for FREE)
Green Wallet (by Blockstream) - Another simple mobile wallet
Breez Wallet - Lightning wallet for Android + iOS, cheap & instant transactions
Sphinx Chat - Encrypted chat and streaming sats! Join the Bitcoin Audionauts Tribe!
Cash App - Great place to buy Bitcoin easily on mobile
Fold App - Great way to get % Bitcoin back on all the things you already buy!

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Want to hear all of the bullish cases for Bitcoin? Protection for pensions, the fiscal cliff we are speeding toward, capital movement for the wealthy, a safe haven for corporate treasuries, a dominant millennial investment vehicle, & so much more. Bitcoin has so many feedback mechanisms to increase its value, to make it a globally significant asset for every demographic, & potentially to fulfill the role as a new global reserve. All while having a perfectly inelastic supply. The only thing that can adjust, is the price.

Today's episode is a fantastic thread from Brandon Quittem for some Thanksgiving Day moon juice!
https://twitter.com/Bquittem/status/1327732566191976452

Other episodes & article mentioned in today's Guy's Take section:
A Bold American Future:
https://bitcoinaudible.com/?p=3901
The Promise of Independent Property Rights:
https://bitcoinaudible.com/?p=2556
Guy's Take - The Dominos are Falling:
https://bitcoinaudible.com/?p=4634
Guy's Take - The Next Domino...
https://bitcoinaudible.com/?p=4883
Magic Gold with Michael Saylor:
https://bitcoinaudible.com/?p=4758

Check out our amazing sponsors below for a veritable suite of Bitcoin storage solutions: Hexa wallet is an excellent and versatile mobile storage, with a clever seedless backup, multiple accounts, batching & more. Find out more at GuySwann.com/hexa. Then for a simple, sleek, swiss made, & secure hardware wallet solution for your cold storage, check out the BitBox02! GuySwann.com/BitBox

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The inventor of podcasting, the Podfather himself Adam Curry, joins us today for an incredible chat about Bitcoin and re-decentralizing cyberspace. The Great Reset, centralized platforms, censorship, surveillance, a destruction of freedoms, a new technology, fixing the money, a rebirth of purpose, and the Great Awakening.

Check out the amazing things they are building at the links below:
https://podcastindex.org
https://podcasterwallet.com/
https://newpodcastapps.com/

And be sure to join his Tribe, my own at the Bitcoin Audionauts, and the other on the Sphinx Chat app.
tribes.sphinx.chat

A huge thanks to our awesome sponsors! Hexa Wallet for an excellent, feature-rich mobile Bitcoin wallet. It brings multiple accounts and built in transaction batching so you can send Bitcoin to your lightning wallet, a friend, and to your cold storage all at once to save on fees! guyswann.com/hexa

...And for your cold storage we have the excellent BitBox02 from ShiftCrypto. A simple, Swiss made, open source, secure hardware wallet that makes it super easy to have secure, reliable cold storage savings for the long term Bitcoin holder. guyswann.com/bitbox

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"All you can do with Bitcoin once you buy it is sell it, but you need somebody else to buy it from you." - Peter Schiff

James Woods shared a tweet with what is, in the end, a generally rational skepticism and common initial impression of Bitcoin. From an article at Fox Business, that based its argument on a few quotes from the king and queen of Bitcoin trolls, Peter Schiff and Nouriel Roubini. "You can't do anything with it but sell it," they claim, "its a huge scam and pump and dump" they added. As a Bitcoiner I would obviously argue this is completely false, but its not easy at first to see why, and it takes a huge amount of history, and close scrutiny to see the bigger picture.

That's why in this episode, I hope to answer the article, and maybe shed some light on why its views are wrong. Maybe James will listen to it, maybe not, but hopefully some skeptic out there can find value in hearing answers to very common, but ultimately very wrong views as to what Bitcoin is.

Todays episode, I get into all of it, with "Dear James Woods."

The tweet and article in question:
https://twitter.com/RealJamesWoods/status/1329513077654528002?s=20

As mentioned, a brilliant and extensive series hitting so many of these concepts in far greater detail, by the amazing author Parker Lewis, is the Gradually, Then Suddenly, series. The playlist of the full series can be found at the link below:
https://open.spotify.com/playlist/4NRn7e8FbNtoCLSigf8GV4?si=0ezq3gTvS8CAKMmxYdhA1w

A huge thanks to our awesome sponsors! Hexa Wallet for an excellent, feature-rich mobile Bitcoin wallet. It brings multiple accounts and built in transaction batching so you can send Bitcoin to your lightning wallet, a friend, and to your cold storage all at once to save on fees! Hexawallet.io

...And for your cold storage we have the excellent BitBox02 from ShiftCrypto. A simple, Swiss made, open source, secure hardware wallet that makes it super easy to have secure, reliable cold storage savings for the long term Bitcoin holder. guyswann.com/bitbox
Check them out and let them know I sent you!

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“Taproot will unlock a new range of possibilities for Bitcoin, improving privacy and expanding smart contract possibilities”

The code has been merged, the client is on the way, and it's time for the miners and community to bring this to the next step. Led by the mining pool "Poolin," they and others are reaching out to other major pools to get confirmation on support for the soft fork upgrade, and how they would like to see it activated. With various options, risks, and time horizons, this is the beginning of finding a standard for the client release where taproot is finally brought to the Bitcoin network. Today's read is another great piece from Bitcoin Magazine author Aaron Van Wirdum breaking it all down. Listen to find out.

Check out the original and stay up to date with the remarkable resource over at BitcoinMagazine.com:
https://bitcoinmagazine.com/articles/poolin-launches-initiative-to-activate-taproot-encouraging-other-mining-pools-to-join

To dive deeper into Taproot, what it is, and what it enables, check out a previous article from Aaron explaining the whole picture:
Taproot is Coming:
https://bitcoinaudible.com/?p=3435

And thank you to our amazing sponsors for Bitcoin Audible!
• For an awesome mobile wallet be sure to check out our sponsor, Hexa Wallet at guyswann.com/hexa
• And for a simple, secure, open source hardware wallet, BitBox is the way to go by ShiftCrypto. Check it at guyswann.com/bitbox

Satoshi Bless the incredible LTBNetwork and the resource they've built for Bitcoiners for so many years! 🙏🏻
letstalkbitcoin.com

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"It takes two nudges to convert a nocoiner. The vast majority of people got their very first nudge in 2017. These people are now primed for that second nudge, which is coming in roaring." - Eric Wall

The new bull market is coming in hot, but it feels very different from previous cycles. What is it exactly? Can we see it in the data? Is this another FOMO, retail speculative buy in? Or is this something bigger? Listen to today's read from the Arcane Research blog of "Eric's November Thoughts" about what the foundations of this bull run are, and why this time, might actually be a little different.

Check out the original and follow Eric at the links below:
https://research.arcane.no/blog/erics-november-thoughts
https://twitter.com/ercwl

And for the excellently bullish thread covered during the Guy's Take section, check it out below:
https://twitter.com/AnthonyDessauer/status/1328552929083621377?s=20

• For an awesome mobile wallet be sure to check out our sponsor, Hexa Wallet at guyswann.com/hexa
• And for a simple, secure, open source hardware wallet, BitBox is the way to go by ShiftCrypto. Check it at guyswann.com/bitbox

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Today's chat is with the brilliant and always entertaining Aleks Svetski (https://twitter.com/AleksSvetski). On the state of the world, our turbulent future ahead, and getting trapped in the empty pursuit of happiness while losing sight of the deeper search for meaning. We had no agenda for this show and just went deep into whatever felt right with this one. Not to be missed.

Check out Aleks, his incredible writing, his great service for purchasing Bitcoin, and his no-nonsense tweets:
https://twitter.com/AleksSvetski
https://twitter.com/TheAmberApp

And a huge thanks to our awesome sponsors! Hexa Wallet for an excellent, feature-rich mobile Bitcoin wallet. It brings multiple accounts and built in transaction batching so you can send Bitcoin to your lightning wallet, a friend, and to your cold storage all at once to save on fees! Hexawallet.io

...And for your cold storage we have the excellent BitBox02 from ShiftCrypto. A simple, swiss made, open source, secure hardware wallet that makes it super easy to have secure, reliable cold storage savings for the long term Bitcoin holder. guyswann.com/bitbox
Check them out and let them know I sent you!

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"Bitcoin is more easily verifiable than gold, in terms of being a reserve asset and being used as collateral. It’s more frictionless to transfer than gold, and has a hard-capped supply. And I like gold too; I’ve been long it since 2018, and still am." - Lyn Alden

With so many new eyes on Bitcoin, there are a large number of questions that the typical outsider has. Lyn Alden, in this excellent piece, breaks down the major misconceptions around Bitcoin and why she is bullish for 2021.

For the many charts and graphics that accompany the arguments laid out in this piece, check out the original, plus the tons of other great analysis on her blog at the link: https://www.lynalden.com/misconceptions-about-bitcoin/

Places to Buy Bitcoin:
SwanBitcoin.com/Guy
SwanBitcoin.com/Alden
Cash App
River Financial
Bull Bitcoin
Coinfloor

And a big thanks to our sponsor Hexa Wallet for supporting the Audible of the Bitcoin space!

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What does having savings, & the incentives reestablished by sound money, do to a person's *character?* How does it change who we are when we have something that we know is ours, and frees us of dependence on another human being?  With a short read of a Bank Ad from many decades ago  that shows an entirely different view of money and savings, we dig into how money affects us on a different level.

Shout out to Marty Bent who I think is responsible for sharing out this ad and therefore my stumbling upon it.

A huge thank you to our sponsor for the show, Hexa Wallet! Bringing an excellent mobile wallet packed with features to the everyday user. Check them out at Hexawallet.io or on Twitter at twitter.com/hexawallet

And if you aren't auto-stacking sats yet then you HAVE to get started! We are entering into a serious bull run and the only and best way to save in Bitcoin is to stack every single day, week, month etc that you can to eliminate all the noise and grow your savings reliably and automatically. Get $10 free at Swanbitcoin.com/guy

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"The logical construct behind the dissection of today’s evils is actually very simple: money is broken; fix the money, fix the world." - Thibaud Marechal

The systemic imbalances of our monetary system are far deeper than most realize. It is the very foundation of our consumerist culture, its the course of our bloated, corrupt financial industry, it props up the impossible size of the advertising giants and surveillance capitalism, it creates a monetary premium on goods that should be valued by their productive capacity or actual use, & it betrays the very people who need money most to be a stable, wealth preserving tool. Fix the Money; Fix the world. Another brilliant article at BitcoinMagazine.com and by returning author Thibaud Marechal on the poisonous consequences of a broken money system.

Check out the original below as well as his many other excellent pieces available to read:
https://bitcoinmagazine.com/articles/when-bitcoin-melts-the-system-prosperity-steps-in

A huge thank you to our sponsor for the show, Hexa Wallet! Bringing an excellent mobile wallet packed with features to the everyday user. Check them out at Hexawallet.io or on Twitter at twitter.com/hexawallet

A thanks to the LTBNetwork for sharing out this show to their amazing audience and bringing so much quality content to the Bitcoin space!

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"If any of these forks had meaningfully gained ground relative to Bitcoin, the critics would have had a point. What’s the point of a monetary network which is undergoing a constant state of fragmentation?" - Nic Carter

Another great article from Nic and this one is right in line with the second episode of Shitcoin Insider, also now available for a deep dive into the sad state of Bitcoin forks! They said it would dilute Bitcoin, they claimed it would prove Bitcoin was, in fact, not scarce, but as infinite as any digital database that can be replicated over and over again. But what came of the forks? Did they really dilute the value and core attributes of the Bitocin network? Nic lays it all out in another excellent article at Coindesk.com. Don't miss it!

Check out the original to find Nic's other works and numerous great graphics and charts to illustrate his argument:
https://www.coindesk.com/bitcoin-trounces-bch-bsv-fork-wannabes

The mempool is nearly empty again! Now is the perfect time to explore a new wallet, find the best software to hold your own keys, and begin experimenting with Lightning! Start with an excellent mobile wallet with built in batching to save yourself a lot of future headache. Hexa Wallet is the only one out there, and has so many great features to explore. Check it out at hexawallet.io

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"One can use a “brainwallet”. Refugees need to carry nothing with them, all they would need to do is remember a Bitcoin wallet passphrase. Funds, potentially millions of US dollars, can therefore be effectively stored inside of one’s mind." - Bitmex research

What is a bran wallet and what exactly are the risks and benefits of trying to store Bitcoin in your mind? Is it so simple as generating a key from your favorite quote? Or could this just be a recipe for disaster?  In a time where it is more important than ever to hold your own keys and prepare yourself for the raging bull, Bitmex Research brings us a timely article about the security and concerns of storing Bitcoin in your brain?

Check out the phenomenal amount of research at the Bitmex blog:
https://blog.bitmex.com/call-me-ishmael/

Don't forget to check out the awesome wallet by our sponsor Hexa Wallet! So many great features available to hold your own keys and protect yourself from loss in the case of disaster. Find them at Hexawallet.io

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“Lightning Labs is positioning this release as a step toward an ecosystem of Lightning-based financial products, which it called “LiFi.” - Peter Chawaga

A new ecosystem has just begun. With Bitcoin native financial markets, Lightning Labs has released the beginning of an entirely new structure of Bitcoin finance with Lightning Pool Marketplace. An open, global, noncustodial auction for liquidity on the lightning network, and a novel way to execute contracts off-chain. This is the beginning of something big.  Don’t miss this excellent article from Bitcoin Magazine and author Peter Chawaga.  The future of lightning is coming into focus.

Check out the original at Bitcoin Magazine, and follow Peter Chawaga at the links below:
https://bitcoinmagazine.com/lightning-network
https://twitter.com/PeterChawaga

Much love to our sponsor, Hexa Wallet for supporting Bitcoin Audible and bringing the best in Bitcoin to audio for all those who don’t have the time to read it. Check them out at Hexawallet.io

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"When governments play God, civilizations burn in Hell."
- Robert Breedlove

The 3 pillars of free markets all hinge on fair, honest, reliable money. Without it, monumental errors within the markets are unable to be corrected. By enforcing reliable, incorruptible rule of law, undeniable private property, through a system of verifiable sound money... Bitcoin is the capstone of free market innovation.  Don't miss this incredible piece by Breedlove.

Check out the original article here and drop some massive applause:
https://breedlove22.medium.com/our-most-brilliant-idea-aced329f8941

If you want to support Breedlove's work, check out the many links below:
• Subscribe to my YouTube Channel: bit.ly/321Lzm0
• Follow me on Twitter: https://twitter.com/Breedlove22
• Stack sats with me, get $10 in free Bitcoin through this link: https://www.swanbitcoin.com/breedlove
• Journey with me as I write my first book: https://bit.ly/3aWITZ
• If you enjoyed this, please send sats: https://tippin.me/@Breedlove22
• Or, send sats via Lightning Network with Strike: https://strike.me/breedlove22

And Don't forget to check out our awesome sponsor, Hexa Wallet! A non-custodial, mobile wallet packed with great features. Check them out at the link below:
hexawallet.io

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"I believe Bitcoiners have this in common. They recognize that they have undertaken a near-hopeless task. Creating a global, neutral, apolitical settlement medium and standard of value will not happen overnight. We have barely begun the project." - Nic Carter

Bitcoin represents a hope for a better future, and the longest time horizon in building a sustainable solution for the generations to come after us. Like the cathedrals that took centuries to build, those who labored placed bricks into the structure and toiled their lives knowing they they may never see the completion of their project, but that they were building something far bigger than themselves, that would last for centuries to come. Another brilliant piece from Nic Carter, Bitcoin at 12 years.

Hit the original below and drop some incredible applause on the article:
https://medium.com/@nic__carter/bitcoin-at-12-f6fce39cb9bb

Kudos to Hexa Wallet for the amazing update & as always a major thanks for supporting the show! Check out their amazing mobile wallet packed with features at Hexawallet.io

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We may have just seen the beginnings of central banks entering the Bitcoin game theory. The game is about to get real.

Bitcoin has suddenly broken onto the political stage with the announcement that the Iranian Central Bank is officially purchasing Bitcoin from its licensed miners in order to use it to increase imports and get around the destructive US sanctions. Don't miss this Guy's take where we dig into this major development and exactly what it could mean.

Now is the time to hold your own keys! Get a hardware wallet, look into multisig, and get yourself a non-custodial mobile wallet. Our sponsor has a great one to check out, that's Hexa Wallet! A huge thanks to them for supporting Bitcoin Audible and keeping this show bringing the best in Bitcoin to your ears. Check them out at Hexawallet.io

Links to a few articles discussing this development:
https://elexonic.com/2020/10/30/bitcoin-miners-in-iran-have-a-new-buyer-the-central-bank/
https://www.trustnodes.com/2020/10/29/iran-changes-law-to-use-bitcoin-for-imports

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"Individuals can opt-out of their local currency by joining the Bitcoin life raft. Protect purchasing power, rather than go down with the sinking ship that is their state." - Brandon Quittem

A fascinating journey through the concept of the Fourth Turning and analysis of the incredible times we live in. More will change in the next decade than in the previous 8 combined. We are entering a time where our old institutions are torn down and built anew. Do we devolve into collectivism and totalitarian rule? Or can we find a way to protect and fan the flames of individual liberty and sustain a prosperous future for the next generation. Listen to this excellent piece to find out!

Follow Brandon on Twitter if you haven't yet! And check out his page, the many great graphics on the article, & all the other great writing available on his site: https://www.brandonquittem.com/

Thanks Hexa Wallet for supporting the Audible of the Bitcoin space! Making all the best in Bitcoin accessible to everyone! https://twitter.com/HexaWallet

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"If your local energy cost is effectively zero but you cannot sell your energy anywhere, the existence of a global buyer for energy is a godsend." - Nic Carter

What do all the "boiling oceans" alarmist miss about the nature & incentives of Bitcoin's energy consumption? Can we determine anything meaningful about Bitcoin's energy use by looking at the state of mining today, and the trends leading us into the future? Today we read a great piece from CoinDesk by the many times Bitcoin Audible author Nic Carter, on the fallacies of the general thinking, why Bitcoin gets picked on, & the simple thing the complainers could do to solve it.

Nic Carter's "The Last Word on Bitcoin's Energy Consumption":
https://www.coindesk.com/the-last-word-on-bitcoins-energy-consumption?amp=1

Other excellent pieces by Nic Carter available in audio:
A Most Peaceful Revolution:
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_293---A-Most-Peaceful-Revolution-Nic-Carter-e5bfpm
The Cat is Out of the Bag:
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_340---The-Cat-is-Out-of-the-Bag-Nic-Carter-ea6ffl
Don't Fear the Reaper:
https://anchor.fm/thecryptoconomy/episodes/Read_436---Dont-Fear-the-Reaper-Nic-Carter-ej3h3l
Unpacking Bitcoin's Assurances:
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_281---Unpacking-Bitcoins-Assurances-Nic-Carter-e4sn3r

If you would like to support the show & be a part of the anointed Satoshi's Audionauts, become a patron at Patreon.com/thecryptoconomy!
This show wouldn't be possible without all the incredible supporters of my work, and I cannot thank you guys enough!

And a thanks to Hexa Wallet for a great, non-custodial, seedless, multi-factor and multi-account mobile wallet that's great for a whole range of users, experienced and new to the space! Check them out at Hexawallet.io

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"money printing only “works” if the majority of people don’t even realize that it is steadily devaluing their earnings and savings. People must be deceived into believing a false ideology about this practice, but that can only work for so long; as we’ve seen throughout history, bad money doesn’t last forever." - Nik Hoffman

What determines a good money and a bad money, and what exactly does it mean for a money to have value? A brief journey through the concepts that define a money, and the history that informs how and why money becomes a tool for lies and deception to the ultimate detriment of society. Are we doomed to forever repeat the past, or can Bitcoin solve this problem and close the book on monetary manipulation?  Find out in today's Bitcoin Magazine article from author Nik Hoffman.

Check out the original at the link below to explore his other works, his monthly roundups, and of course follow Nik on Twitter:
https://bitcoinmagazine.com/articles/lies-deception-and-unnatural-money

Thanks to Hexa wallet for supporting Bitcoin Audible. If you want an great, noncustodial wallet to hold your on keys, don't forget to check them out at hexawallet.io

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"It had a big impact on May, who melded the "Other Plane" with "Galt's Gulch" from Ayn Rand's Atlas Shrugged, which was a safe haven for rational and productive people protected from government coercion and taxation by an invisible shield. Instead of the Colorado mountains, May's cyberspace Galt's Gulch would exist on the internet, with cryptography providing protective cover." - Jim Epstein

The argument between the "blockchain technology" and the "Bitcoin anarchists" happens to be a lot older than most know. Whether this is a technology that's outside the system, built to replace it, or one that is supposed to work within the system to make it faster and cheaper, can be traced all the way back to a debate between Eric Salin and crypto-anarchist Timothy C. May. What can the origins of the cypherpunk movement tell us about teh direction of Bitcoin today? Hear this amazing piece from Jim Epstein at Reason Magazine to find out!

Other great pieces to accompany this read:
The Truth About Smart Contracts by Jimmy Song
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_092---The-Truth-About-Smart-Contracts-e2ndrq
Bit Gold by Nick Szabo
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_275---Bit-Gold-Nick-Szabo-e4o0vp
Securing Property with Owner Authority by Nick Szabo
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_118---Securing-Property-with-Owner-Authority-e2ndqs
The Crypto Anarchist Manifesto by Tim May
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_300-----The-Crypto-Anarchist-Manifesto-Timothy-C--May-e5p7j4

For a great and feature rich mobile, non-custodial Bitcoin wallet, our awesome supporter of Bitcoin Audible HexaWallet is where its at! Now in beta, you can get the wallet on the app store or at the link below. Fell free to ask any questions and feedback is hugely appreciated.
hexawallet.io

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Bitcoin and the cryptographic systems that empower it, are not merely another new tech to make use of. They are a fundamental shift in the ability to defend value from organized violence. The impact on the world will be impossible to measure. We go deep down the rabbit hole in this excellent chat with Erik Cason, author of the cryptosovereignty.org blog.

Follow Erik on twitter, and check out his amazing pieces we've read on the podcast below:
https://twitter.com/Erikcason
The Political Theology of Bitcoin:
https://anchor.fm/thecryptoconomy/episodes/Read_398---The-Political-Theology-of-Bitcoin-Erik-Cason-eemvs1
Crypto, Truth, & Power:
https://anchor.fm/thecryptoconomy/episodes/Read_448---Crypto--Truth--Power-Erik-Cason-ekv73s

And don't forget to add me as a contact in your Hexa Wallet! Shoot me a DM on twitter or an email and I'll be happy to add you 👏🏻
A huge thank you to Hexa for supporting the podcast:
Hexawallet.io

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"When compared to gold, real estate, stocks, bonds or "fine art" that act as stores of value for many individuals, bitcoin that is held in a multisig wallet is an obvious step-function improvement in many regards." - Marty Bent

Reading another short Bent from Marty on multisig and how its fundamentally a powerful tool for Bitcoin that isn't shared with any physical store of value. Guy gets into the concept of "deep" vs "shallow" protection in his take following the piece and how Bitcoin represents an order of magnitude improvement over the security & preservation of value. We should remember to tout multisig with more enthusiasm, its not "just another feature."

Check out the original and subscribe to Marty's Bent at the link below:
https://tftc.io/martys-bent/issue-848/

The tweet that inspired it all:
https://twitter.com/AdamTzag/status/1318244929592807425

For a multisig savings, don't forget to check out HexaWallet and their Savings account, multi-key setup, and clever key splitting backup system. Check out the beta wallet and feel free to ask any questions & add me as a contact!
hexawallet.io

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Breez wallet makes some major announcements today with their first release candidate of the wallet into the wild. Bringing the dream of a fully non-custodial, user-friendly, super easy to use Lightning wallet for anyone coming into Bitcoin. So many new features to go over in this one and talking about the future of lightning and how we can close the UX hurdle. This is not to be missed. Follow Roy Sheinfeld and Breez on Twitter so you dont miss future announcements!

Check out the official announcement here, and of course download and start playing with the Breez Lightning wallet if you haven't yet!
https://medium.com/breez-technology/the-breez-release-candidate-getting-lightning-ready-for-the-global-takeover-b5d1f9756229
(for those who wanted to get the details on closing and reopening your channels - https://github.com/breez/breezmobile/wiki/How-to-close-Breez's-channels%3F)

Learn more about the Hodl HTLCs discussed in the commentary at the link below:
https://github.com/lightningnetwork/lnd/pull/4018

And don't forget to add me as a contact in your Hexa Wallet! Shoot me a DM on twitter or an email and I'll be happy to add you 👏🏻
A huge thank you to Hexa for supporting the podcast:
Hexawallet.io

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A major step toward the next era of Bitcoin was made today. The code is final, and it is now in the Bitcoin codebase as of today. The next steps are an activation method, and a full client release for the network to begin the process of adding it to the global consensus.

But before that happens, let's talk about where we are today, what advantages Taproot can give us again, & what the future of Bitcoin, privacy, & Lightning are with this new tool at our disposal. Today's Guy's Take is all about Taproot, so let's get into it!

Want to check it out on Github and be a nerd?
https://github.com/bitcoin/bitcoin/pull/19953

For a deeper dive into Taproot check out Aaron Van Wirdum's piece digging into it on Bitcoin Magazine:
Taproot is Coming:
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_318---Taproot-is-Coming-Aaron-van-Wirdum-e8um0c

Much love to our many patrons making this show possible! If you want to join in with the crew, go to Patreon.com/thecryptoconomy and become a patron!

And another thank you to our sponsor, Hexa Wallet for keeping this show alaive, and for building one of the best mobile wallets out there. With tons of features to come, check it out at HexaWallet.io 

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"Value is a strange concept because while it is arguably very real, it is entirely subjective, and because of this there is no yardstick or kilogram to measure it against." - Knut Svanholm

Another from the amazing collection over at Citadel21.com, we dive even deeper down the rabbit hole with Knut's piece. What does it even mean to measure value with Bitcoin as our totem? What happens to prices in a perfectly finite monetary good? What would a future where the growth and productivity of the economy were captured by the money, rather than stolen by our money masters?

The world is going to be a very different place in a Bitcoin future. The right questions can help us see it, and it's something that we cannot unsee. So lets dig into Knut's work, "Deeper Down the Rabbit Hole"
https://www.citadel21.com/deeper-down-the-rabbit-hole

Check out the Hexa Wallet donation account at GuySwann.com/donate, and download the Hexa mobile wallet on the Google Play or Apple App store to start exploring the many awesome features. A huge thanks to them for supporting the podcast!
hexawallet.io

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As the dominoes continue to fall, we chat with the owner of the amazing Tahini's restaurant on their journey to a Bitcoin Standard. Why Bitcoin? What led them to such a decision? How do they see the future risks and rewards going forward? What events of the past allowed them to see the true potential of this revolutionary new monetary system? All this and more in today's phenomenal chat with the man behind @TheRealTahinis

Follow them on twitter at the link below and if you are in the area, what the hell are you eating shite food for!? Go to Tahini's, get some real food, and talk about Bitcoin. 😂
https://twitter.com/TheRealTahinis

Love to all of our amazing supporters, the patrons who always keep this show going, and our awesome sponsor @Hexawallet! Follow them on Twitter and check out their awesome mobile wallet with tons of great features. Find my Hexa Donation Account at GuySwann.com/Donate or setup your own right in the wallet in barely a few seconds!
Check them out on the app store or at the link below:
hexawallet.io

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“I believe that Satoshi Nakamoto, Whoever he/she/it/them is/was, was first and foremost a strategist of the cypherpunk traditions. This is extremely important because we need to understand the motivational ideology was not one of any sort of state capitalist nature, or idiotic wealth fantasies of lambos and other childish bullshit, but an explicit crypto-anarchist one.” - Erik Cason

Cryptography was, before anything else, a weapon of war.

How can this perspective inform the type of revolution Bitcoin truly enables? As a re-codification of the relations of power between the state and the individual, what does a system like Bitcoin do to the world? When authority is replaced by truth, as the source of legitimacy, nothing in the world will remain unchanged.

The original article by Erik Cason and the fascinating blog where he covers tons of other topics just like this:
http://cryptosovereignty.org/crypto-truth-power/

https://twitter.com/Erikcason

Cypherpunks Write Code (part 1):
https://www.youtube.com/watch?v=YWh6Yzr12iQ&t=0s

Check out Hexa Wallet's new feature, the "Donation Account" with a web front end to share with others! Check out what it looks like at GuySwann.com/donate and of course feel free to donate if you want to support the show. But setup your own to take donations for your project/content/mission or whatever! Get the wallet at HexaWallet.io

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There's been a bit of Bad News. The canary doesn't seem to be moving, and its time that we take our situation seriously. As Bitcoin becomes both more mature and finds its way back into a bull market, we can also expect a sharp increase in regulatory and governmental attention. The powers that be, the surveillance state, and the control that the financial institutions have acquired will not be lost without a fight.

Bitcoin is disrupting some of the most influential institutions on the planet. They are unlikely to sit by while we divest from their control & take back our sovereignty and privacy. Today's Guy's Take is inspired by Marty's Bent #839 and recent developments in the regulatory & legal worlds around the treatment of Bitcoin. It could be very important to not miss this one.

Read Marty's Bent below, as well as the ocean of clever, funny, insightful, & cosmic thoughts that Marty drops every day:
https://tftc.io/martys-bent/issue-839/

Check out Pseu's Conversation with Ben Carman on privacy and his favorite mobile wallet mentioned in the show:
https://open.spotify.com/episode/6duVzPWqeMorpuBhXdkWPW?si=GW-jL260Sru2lxUaiGQpCA

Dig into the details of the Travel Rule yourself starting with the link below:
https://www.fincen.gov/resources/statutes-regulations/guidance/funds-travel-regulations-questions-answers

And definitely follow NoBullshitBitcoin for a Bitcoin feed with only solid news, development, and new tools and no BS!
https://twitter.com/nobsbitcoin

Thanks to everyone who supports the podcast and of course the awesome team over at Hexa Wallet! Don't forget to download Hexa either from your favorite App Store or by visiting their site below:
Hexawallet.io

And for an awesome resource I have used for years, to learn everything about the history, the logic, the principles, & the Austrian economics that you can't learn in public school, check out Liberty Classroom from Tom Wood's! An excellent resource that I can't recommend enough.
https://libertyclassroom.com/dap/a/?a=32379

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"So the next time somebody says that “shitcoin X” is faster than Bitcoin or claims that Bitcoin is slow, show them the criteria that truly count in a decentralized network." - Vlad Costea

Did you hear that any 1 of 1000s of altcoins was "way faster" than Bitcoin? Have you ever wondered what that means or what exactly they are faster at? Vlad breaks it all down. How shitcoins aren't fast, even close to as fast actually as Bitcoin. Bitcoin isn't slow, its highly secure!

Check out the original post at Bitcoin-Takeover.com and check out Vlad's Bitcoin Takeover podcast for many other great takes like this:
https://bitcoin-takeover.com/bitcoin-is-not-slow-its-highly-secure/

Much love to Hexa Wallet for supporting the show as well as my lovely patrons!
Hexawallet.io

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"Battles in the money market aren’t about incremental technology features, but fundamental monetary properties. Bitcoin is a pragmatic monetary evolution, which contrasts with shitcoin issuers misrepresenting a delusional technology revolution." - Thibaud Marechal

Another great piece on the incentives and misunderstanding of the shitcoin mindset. It isn't a technological revolution, it is fundamentally a monetary one! Thibaud breaks it down amazingly in this piece and Guy gets into some history of the shitcoin term and how so many projects have the entirely wrong understanding of the value in this revolution. Don't miss another excellent one from Bitcoin Magazine
Original Article: https://bitcoinmagazine.com/articles/the-great-plague-of-shitcoinery

A huge thanks as always to Hexa Wallet! Don't forget to shoot me a message if you want to add me as a contact or use me as a part of your backup. Happy to assist! Check them out at Hexawallet.io

Some of the great articles mentioned in this episode to expand on these ideas:
Bitcoin is Worse is Better - https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_327---Bitcoin-is-Worse-is-Better-gwern-e9e9iv
Bitcoin & Software Reliability - https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_254---Bitcoin--Software-Reliability-beautyon_-e46lnu
On Schelling Points, Network Effects, & Lindy - https://anchor.fm/thecryptoconomy/episodes/Read_417---On-Schelling-Points--Network-Effects---Lindy-Willem-Van-Den-Bergh-eghjp4

And dont forget to check out our new show all about Shitcoinery! Shitcoin Insider is where we dig through all the crap so that you don't have to! XD

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What are rights and can Bitcoin enable us to make better sense of them?

It is very common to hear that education is a "right," that healthcare, a fair salary, etc are all "rights" that we can demand of others and are entitled to. Can this be the case? How do they conflict with the more basic rights of the control over our own lives, our right to choose, and the rights to our bodies? Can we simply declare that the things we want or need are rights and this means we can have as much of it as we would like?

We get into all of it in today's Guy' Take on human rights and how Bitcoin provides an excellent test case for why universal rights are necessary for both a communications and political network to succeed.

A great piece mentioned on the show to dig further into these ideas:
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_225---Bitcoin--the-Promise-of-Independent-Property-Rights-Hasu--Su-Zhu-e3j6b8

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Were you ever just deathly curious about what Defi really is? What is going on behind the scenes of the token wrapped token printing yield machines? Or what the mindset of the shitcoiner really is, and what they think they are building? Don't miss the flagship episode of our new show SHITCOIN INSIDER!

Don't forget to subscribe to Shitcoin Insider if you want more and let me know on Twitter is you enjoyed it and want us to dig further.

And to support my work and learn all about the history and economics that you couldn't learn in school, check out the amazing Liberty Classroom! Find it at GuySwann.com/liberty

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Are we on the verge of a new revolution in personal computing? Matt Hill and the team at Start9Labs believes we are, and are helping to build our path through it to a brighter future. How do we re-decentralize the internet? By what means can we break the censored, centralized, surveilled "cloud" into a thousand encrypted, distributed, and private pieces? That is the mission at the heart of Start9Labs. Don't miss this awesome discussion to learn more.

If you want to explore what Matt and the team are building, go to Start9Labs.com and/or follow them on Twitter to stay up to date on the project
https://twitter.com/start9labs
https://start9labs.com/

Don't forget about the discount code "BitcoinAudible" for the 7th Annual Hackers Congress! Visit https://digital-totality.hcpp.cz/ to learn all about the awesome speakers and fascinating workshops and topics covered for a full weekend at the true cypherpunk conference.

A huge thank you to our supporters! Our patrons for being awesome and keeping this project alive, and of course HexaWallet for supporting the show and helping to build excellent tools for our Bitcoin future. Don't forget to check out the Hexa wallet on the App store or find out more at HexaWallet.io

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"Contrary to what the critics would have you believe with all of their scary language about fraud and risk, when I send an on-chain Bitcoin transaction to you, it will get to you, no matter what. There is no point of censorship, seizure, or control." - Alex Gladstein

A great throw back from Alex Gladstein where he makes a response to the old and tired criticisms of Bitcoin. Is it stupid to think we would want to hold our own passwords to our money, or it is a revolutionary new tool in the global quest for human rights and individual freedom? A great response for the next time you come across and ignorant critic, who needs a dose of truth.

Check out the original below! Drop some applause and see his other articles on Medium:
https://medium.com/@alexgladstein/a-human-rights-activists-response-to-bitcoin-critics-d50e6760ee80

You can always his the book he helped author all about Bitcoin and the impact it could have on the world, available in paperback and in audiobook read by yours truly at the link below:
https://www.amazon.com/Little-Bitcoin-Book-Matters-Finances/dp/1641990503/ref=sr_1_3?dchild=1&keywords=little+Bitcoin+book&qid=1601337759&sr=8-3

And of course a huge thanks to Hexa for supporting the podcast, and our wonderful patrons! Check out Hexa below:
Hexawallet.io

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"I am talking about the inability to confront shortcomings with layers of the system. The inability to confront substantial threats or attack surfaces that are not being worked on in terms of creating solutions and defenses." - Shinobi

Being bullish is tons of fun, and getting cosmic about the impact & world shattering implications of Bitcoin is even more so... but sometimes we need to take a sober step back, and remember that this is just code at the end of the day. It is a network, with trade offs, limitations, and many problems to overcome. A great piece from Shinobi (@brian_trollz) taking a hard look at Lightning, mining, and Bitcoin's censorship resistance as it stands today, and reminding us to stay focused on the problems, not get lost in our dreams of the future.

Check out the original and drop some applause at the link below:
https://medium.com/block-digest-mempool/things-bitcoiners-dont-want-to-hear-33823c2e984

A huge thank you to my Patrons, and of course Hexa Wallet for supporting the podcast! This is only possible with your support, and it is massively appreciated. Don't forget to download and check out Hexa if you haven't yet. A Bitcoin-only, non-custodial, seedless, mobile wallet with tons of cool features. Find them at Hexawallet.io or on Twitter at @HexaWallet

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“Some concepts are essen­tial, removing them because you want a better UX might turn out to be fatal.” - Gigi

En excellent piece from SwanBitcoin blog today by the one and only Gigi. Thoughts on the trade-offs, the previous leaps that have been made, and the distance still to go on the problem of Bitcoin’s user experience. Plus, Guy talks about what it was like using Bitcoin in the “good ol’ days” before seed phrases and deterministic wallets.

Check out the crazy images of the early internet and links to check out more in the original article below:
https://www.swanbitcoin.com/on-bitcoins-ux

Don’t forget to follow Gigi on social media for more awesome work:
https://twitter.com/dergigi

Check out today’s sponsor! Download the Hexa Wallet at the link below or on the Google or Apple App stores.
Hexawallet.io

Other great tools mentioned in this episode to check out for the tinkerers out there!
Hexa Wallet
Casa Multisig wallet
Green Wallet
Strike
Breez Lightning
Pheonix Lightning
Caravan Multisig by Unchained
Lily Wallet
Umbrel
Lunanode
Cobo Vault
Foundation Passport

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"DLCs are uniquely positioned to bring smart contracting to Bitcoin using oracle contracts that are much more private and scalable than previously thought possible." - Ben Carman

Ben Carman, a developer with the awesome team at SuredBits, drops a BitcoinMagazine article today laying out Discreet Log Contracts and how they can be an exciting new addition to the functionality and power of the Bitcoin system. Privacy, cost savings, and non participating oracles to real world events; DLCs bring a new layer to both decentralizing markets on Bitcoin & the Lightning network. Listen to today's episode to find out more!

Check out the SuredBits blog for tons of awesome work about DLCs and so many other great technologies being built on Bitcoin:
https://suredbits.com/category/discreet-log-contracts/

Find the original article and tons of other great works at BitcoinMagazine below. Stay up on new events and learn tons about Bitcoin!
https://bitcoinmagazine.com/articles/dlcs-are-on-bitcoin-bringing-new-functionality-and-major-potential

A thanks to today's sponsor Hexa Wallet and the killer wallet they are building! Seedless backups, built in batching, multisig savings, & more! Hit me up if you want to be one of my contacts!
http://hexawallet.io/

Lastly a big thanks to the LTBNetwork for sharing this out with their amazing audience! Check out the other awesome shows at LetsTalkBitcoin.com

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Today we bring on Michael Saylor, CEO of MicroStrategy after they have announced a $425 million investment into Bitcoin. With a move to making Bitcoin their dominant treasury reserve asset, we talk all about fundamental shifts in technology, the innovation of Bitcoin as a monetary asset, the dematerialization of money, and the impact it will have on the future.

Don't forget to follow Michael on social media and check out his excellent book "The Mobile Wave" for some interesting thoughts on past technological shifts:
https://twitter.com/michael_saylor
https://www.amazon.com/Mobile-Wave-Intelligence-Change-Everything/dp/1593157207/ref=sr_1_1?dchild=1&keywords=the+mobile+wave&qid=1600459046&sr=8-1

Check out our sponsor for today's show and their awesome, new, feature-rich Bitcoin wallet
Website: Hexawallet.io
App Store: https://apps.apple.com/us/app/hexa-simple-bitcoin-wallet/id1490205837
Google Play: https://play.google.com/store/apps/details?id=io.hexawallet.hexa

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"Instead of relying on accountants, regulators, and the government, Bitcoin relies on a global network of peers to enforce rules, shifting enforcement from manual, local, and inconsistent to automated, global, and predictable." - Yassine Elmandjra

Finishing out the great investment thesis on Bitcoin by Yassine from ARKinvest. Now the we have broken down the 4 critical economic assurances for prosperity and how the trust-based model has failed to deliver them... how does Bitcoin compare as a financial institution? Does it truly provide these assurances in a unique way, and how strong are they?

Today's read is the second half of Bitcoin: A Novel Economic Institution:
Link to the full paper - https://ark-invest.com/white-papers/bitcoin-part-one/

Get a head start on Part 2 by going to the ARKinvest site below:
https://ark-invest.com/white-papers/

Another great piece by Yassine covered on the show,
Winner Takes All, or Winner Takes Most? - https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_204---Winner-Takes-All--or-Winner-Takes-Most--Misir-Mahmudov--Yassine-Elmandjra-e30vht

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"If one transaction can be censored and controlled, can’t all transactions be censored and controlled? Can’t the powers-that-be deprive participants of the ability to exchange value globally and freely?" - Yassine Elmandjra

Starting into the first half of a great investment thesis on Bitcoin by Yassine from ARKinvest. Digging into the core economic assurances of the financial system and how the legacy, trust based model of financial authority has failed in providing them. Where have they broken down, and what has fundamentally caused it? And how does it compare to the unique economic tool of Bitcoin?

Today's read, Bitcoin: A Novel Economic Institution [Part 1]
Link to the full paper - https://ark-invest.com/white-papers/bitcoin-part-one/

Another great piece by Yassine covered on the show,
Winner Takes All, or Winner Takes Most? - https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_204---Winner-Takes-All--or-Winner-Takes-Most--Misir-Mahmudov--Yassine-Elmandjra-e30vht
And Hasu's excellent piece,
Promise of Independent Property Rights - https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_225---Bitcoin--the-Promise-of-Independent-Property-Rights-Hasu--Su-Zhu-e3j6b8

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"Most Cypherpunk veterans on the Cryptography mailing list had by then seen one too many electronic cash experiments come and go, without any real successes to account for..."

"But Hal Finney, ever the optimist, wasn’t ready to give up." - Aaron Van Wirdum

Another in the amazing "Genesis Files" series from Bitcoin Magazine, Aaron walks us through the history and the legacy of Hal Finney. From the introduction to the cypherpunks list, to the implementation of RPOW, all the way to Hal "running Bitcoin." Another excellent installment. If you want to learn more about the history of the cypherpunks and the forefathers of the Bitcoin system, the Genesis files is not to be missed.

Link to the original, with the other installments linked below:
https://bitcoinmagazine.com/articles/the-genesis-files-how-hal-finneys-quest-for-digital-cash-led-to-rpow-and-more

Genesis Files: Chaum's eCash
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_058---The-Genesis-Files-How-David-Chaum-Spawned-a-Cypherpunk-Dream-e2ndsp
Genesis Files: Wei Dai's B-Money
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_107---If-Bitcoin-Had-a-First-Draft--Wei-Dais-B-Money-Was-It-Aaron-Van-Wirdum-e2ndra
Genesis Files: Adam Back's Hashcash
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_095---The-Genesis-Files-Hashcash-or-How-Adam-Back-Designed-Bitcoins-Motor-Block-e2ndrl
Genesis Files: Szabo's BitGold
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_111---Genesis-Files---With-Bit-Gold--Nick-Szabo-Was-Inches-From-BTC--Aaron-Van-Wirdum-e2ndr5

Hal's Bitcoin & Me:
https://anchor.fm/thecryptoconomy/episodes/Hals-Day---Bitcoin--Me-reboot-eiq0gl

A huge thanks to Bitcoin Magazine and the Let's Talk Bitcoin Network!

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In a world drowning in patent trolls, insane intellectual property restrictions, and a reality where someone who neither can build a product, nor came up with the idea, could make millions by suing those who wish to use it... how can we protect an open source ethos in the Bitcoin and cryptocurrency space? How do we defend an alternative financial system from the intellectual prisons of the legacy system it is replacing?

Another major initiative is bringing us one step closer to that future thanks to Square, the owner of Cash App. Behind major donations to developers, even those who are anonymous, a new move to protect individual developers, projects, and even major companies from the turbulent environment of patent aggressors has been launched.  We dig into COPA and the need for continuing the open source ethos of Bitcoin in today's Guy's Take episode!

What are the morality & ethics of Intellectual Property? Check out my recent conversation with the one and only Stephan Kinsella:
https://anchor.fm/thecryptoconomy/episodes/Chat-46---Stephan-Kinsella-on-Intellectual-Property-in-the-age-of-Bitcoin-ej9fto

An old, but great article from Bitcoin Magazine about previous troubles in the patent arena & Blockstream's previous work in defending the market:
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_020---There-is-a-Bitcoin-Patent-War-Going-On-e2ndu8

And of course learn about or join the "Crypto Open Patent Alliance" if you are building a project or want to know more at the link below:
open-patent.org

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"This explanation rests on illustrating a few interesting properties of how Proof-of-Work is used in the blockchain that are not immediately obvious and sometimes are rather counter-intuitive, for example how participants collectively solve a problem without ever communicating." - grisha

While we incessantly focus on the side-effects of the proof-of-work system in Bitcoin, the security it attributes to the Bitcoin history, the incentive structure it enables, etc, we can often forget the reason Satoshi himself stated for its use: to enable a distributed timestamp server. i.e. a decentralized clock.

An epic piece from @humblehack posted back in January 2018 on his blog at grisha.org. Check out the original and many other works at the link below:
https://grisha.org/blog/2018/01/23/explaining-proof-of-work/

Other great reads to dig further into the concepts:
The Drunkard's Walk: https://amzn.to/2Mzzr2K
Fooled By Randomness: https://www.amazon.com/Fooled-Randomness-Hidden-Markets-Incerto/dp/0812975219/ref=sr_1_1?dchild=1&keywords=fooled+by+randomness&qid=1599781258&s=books&sr=1-1
Bitcoin Astronomy: https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_303---Bitcoin-Astronomy-Part-1---Dhruv-Bansal-e6eqo5

Thanks to Marty & Chris from TFTC for bringing this to my attention again:
Episode 188: https://anchor.fm/tales-from-the-crypt/episodes/188-Chris-Bendiksen-ein7nj

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"The project was initially understood as yet another doomed attempt to construct a digital currency by the disillusioned cypherpunk community. And without anyone’s permission, Bitcoin slowly emerged and diligently grew to become adopted by a small group of computer researchers, cryptographers and engineers curious to decipher the technology."  - Thibaud Marechal

Another great article at Bitcoin Magazine on the history of the internet, and how Bitcoin finally fulfills the ultimate vision of a monetary protocol native to the world wide web. After decades of failed attempts, we finally have an independent, decentralized, native language for communicating, verifying, and exchanging value in cyberspace. A new world is born.

The original article and a bunch of other great piece can be found at Bitcoin Magazine below:
https://bitcoinmagazine.com/articles/a-monetary-layer-for-the-internet

Links to other episodes and works mentioned in today's show:
Guy's Take - The Internet is Too Complex to Work
https://anchor.fm/thecryptoconomy/episodes/GuysTake_008---The-Lightning-of-my-TCP--or-How-the-Internet-is-Too-Complex-to-Work-e32omd
The Bitcoin Survivor's Book List:
https://thecryptoconomy.com/bitcoin-survivors-book-list/

Stack sats automatically in your DCA Bitcoin savings plan at SwanBitcoin.com/Guy and get $10 for FREE to start off!

Much love to the Let's Talk Bitcoin Network for sharing this show out with their audience, and the other excellent shows they produce for the Bitcoin space!

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Unabridged, Uninterrupted, & unmatched. Parker Lewis's most recent installment of the "Gradually, Then Suddenly" series.

Read the original and check out the data accompanying the piece at the Unchained Capital Blog below:
https://unchained-capital.com/blog/bitcoin-is-one-for-all/

Check out the entire Gradually, Then Suddenly playlist on Spotify here:
https://open.spotify.com/playlist/4NRn7e8FbNtoCLSigf8GV4?si=RnrAdkrSTmmMrh6rECxrbg

If you would like to sponsor or support this podcast and the work of Guy Swann, contact us at sponsor@thecryptoconomy.com or become a patron at Patreon.com/thecryptoconomy!

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"I was just amazed when Bitcoin emerged, and I'm like 'I think someone finally cracked this and figured it out,' it's ingenious right?" - @NKinsella

Stephan Kinsella joins us today for a fascinating discussion on the morality and concept of property in the digital age. Is it possible to own Bitcoin? Do we legally own it, or are we simply the ones in control via the rules of the Bitcoin system?

Follow Stephan Kinsella for more excellent Austrian knowledge and brilliant takes on social media by his twitter profile (https://twitter.com/NSKinsella) and/or check out some of his other amazing work and appearances at Stephankinsella.com

Check out the extraordinary book that inspired this discussion available for free by the Mises Institute!
Against Intellectual Property: https://mises.org/library/against-intellectual-property-0

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"Bitcoin’s supply schedule cannot change, because Bitcoin is the supply schedule. Any alteration produces something that is decidedly non-Bitcoin." - Nic Carter

Nic does it again with a great piece on the potential future where inflation is needed to "secure" Bitcoin in the post reward era. Will it still be Bitcoin? Can it be secured? Does it mean a change it baked in already? Find out in this excellent piece from Nic, "Don't Fear the Reaper!"

Drop some hella applause on the original at his medium page below:
https://medium.com/@nic__carter/dont-fear-the-reaper-8bbb42358efb

For some other great works mentioned in this episode, these are great further "readings" on the topic:
21 Million is Non-Negotiable:
https://anchor.fm/thecryptoconomy/episodes/Read_411---21-Million-is-Non-Negotiable-Phil-Geiger-eg6fbd
Unpacking Bitcoin's Social Contract:
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_198---Unpacking-Bitcoins-Social-Contract-Hasu-e2oct5
A Most Peaceful Revolution:
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_293---A-Most-Peaceful-Revolution-Nic-Carter-e5bfpm

If you want to support the show you can share it out with your friends, subscribe so you don't miss any of these amazing works and conversations, & of course become a Patron at Patreon.com/thecryptoconomy

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"As we conclude our “Discovering Bitcoin” series, we will build on the use of digital signatures and of the CoinJoin paradigm to explore concepts of unique chronology, mining fees and off-chain transactions." - Giacomo Zucco

The conclusion of the amazing "Discovering Bitcoin" series, starting from cavemen and the very concept of hardness all the way to off-chain payments and the Lightning network! Listen to the entire series for the conceptual history of money, its virtualization, its corruption, its redesign, and the new paradigm we are now entering. A huge thanks to Giacomo for putting this together and to Bitcoin Magazine for having such awesome content to cover!

Check out the previous parts if you haven't yet!
Part 1 - About Time: https://anchor.fm/thecryptoconomy/episodes/Read_422---Discovering-Bitcoin---From-Cavemen-to-Lightning--Part-1-Giacomo-Zucco-ehdkrb
Part 2 - About People: https://anchor.fm/thecryptoconomy/episodes/Read_424---Discovering-Bitcoin-2---About-People-Giacomo-Zucco-ehgquv
Part 3 - Introducing Money: https://anchor.fm/thecryptoconomy/episodes/Read_426---Discovering-Bitcoin-3-Introducing-Money-Giacomo-Zucco-ehphre
Part 4 - A Wrong Turn: https://anchor.fm/thecryptoconomy/episodes/Read_428---Discovering-Bitcoin-4---A-Wrong-Turn--A-New-Plan-Giacomo-Zucco-ei2k64
Part 5 - Digital Scarcity: https://anchor.fm/thecryptoconomy/episodes/Read_429---Discovering-Bitcoin-5---Digital-Scarcity-Giacomo-Zucco-ei9ln3
Part 6 - Digital Contracts: https://anchor.fm/thecryptoconomy/episodes/Read_432---Discovering-Bitcoin-6---Digital-Contracts-Giacomo-Zucco-eil37c

Stack sats automatically in your DCA Bitcoin savings plan at SwanBitcoin.com/Guy and get $10 for FREE to start off!

Much love to the Let's Talk Bitcoin Network for sharing this show out with their audience, and the other excellent shows they produce for the Bitcoin space!

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"The same is not true of the current monetary system. In the current structure, dollars can either be earned by delivering value to others within the economy, or conversely, if the Fed decides to hand out more money. And this happens quite frequently. Of all the dollars that exist today, over 80% have been created and allocated by the Fed since 2008"  - Parker Lewis

The conclusion of Bitcoin is One for All, the latest installment of the Gradually, then Suddenly series by Parker Lewis. What is the true price setter in the economy? How is imbalance sustained for so long? What does the alternative look like? And will Bitcoin only benefit the rich, or is it one for all? Don't miss the rest of this amazing piece at Unchained-capital.com

Read the original and check out the data to visualize these effects and arguments at the link below:
https://unchained-capital.com/blog/bitcoin-is-one-for-all/

Check out the entire Gradually, Then Suddenly playlist on Spotify here:
https://open.spotify.com/playlist/4NRn7e8FbNtoCLSigf8GV4?si=RnrAdkrSTmmMrh6rECxrbg

And don't forget to secure your future with the lowest cost, automatic Bitcoin purchase savings plan at SwanBitcoin.com/guy - Plus get $10 in sats for FREE! Support the show, secure your future, and stack sats at Swanbitcoin.com

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"By manipulating price levels, the Fed isn’t just preventing smaller intermittent fires from naturally running their course while creating larger fires down the road. Instead, think of the Fed’s actions as the arsonist that lights a fire, leaves through the back door in the middle of the night, and then is celebrated as the hero when it arrives through the front door to fight the fire with gasoline." - Parker Lewis

May the "Gradually, then Suddenly" series never stop!! Another fantastic piece from returning author Parker Lewis and the amazing Unchained Capital Blog. We read the first half of the latest in the series, "Bitcoin is One for All." The nature of prices, the nature of the Fed, the imbalances in the economy, the arsonist starting the fire, and the gasoline that makes the burn hot, fast, and impossible to stop. The very mandate of the Fed is antithetical to the nature of money. Find out why in this excellent new installment.

Read the original and check out the data to visualize these effects and arguments at the link below:
https://unchained-capital.com/blog/bitcoin-is-one-for-all/

Check out the entire Gradually, Then Suddenly playlist on Spotify here:
https://open.spotify.com/playlist/4NRn7e8FbNtoCLSigf8GV4?si=RnrAdkrSTmmMrh6rECxrbg

And don't forget to secure your future with the lowest cost, automatic Bitcoin purchase savings plan at SwanBitcoin.com/guy - Plus get $10 in sats for FREE! Support the show, secure your future, and stack sats at Swanbitcoin.com

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Bringing back an old post for Hal’s Day. 6 years ago today we lost Hal Finney. This post was one of his last on the BitcoinTalkForums, knowing he would leave us soon, and how he saw his legacy. RIP Hal, we will see you again. --- Send in a voice message: https://anchor.fm/thecryptoconomy/message

"In Part 6 of this “Discovering Bitcoin” series, we will build on the idea of using digital puzzles as a way to reproduce scarcity, and on the importance of a supply-control mechanism to grant some hardness to digital money, to explore concepts of proving ownership through signatures and scripts, and the technique known as CoinJoin."  - Giacomo Zucco

Find the original article and links to the other great reads in this series at Bitcoin Magazine:
https://bitcoinmagazine.com/articles/discovering-bitcoin-part-6-digital-contracts

Check out the previous parts if you haven't yet!
Part 1 - About Time: https://anchor.fm/thecryptoconomy/episodes/Read_422---Discovering-Bitcoin---From-Cavemen-to-Lightning--Part-1-Giacomo-Zucco-ehdkrb
Part 2 - About People: https://anchor.fm/thecryptoconomy/episodes/Read_424---Discovering-Bitcoin-2---About-People-Giacomo-Zucco-ehgquv
Part 3 - Introducing Money: https://anchor.fm/thecryptoconomy/episodes/Read_426---Discovering-Bitcoin-3-Introducing-Money-Giacomo-Zucco-ehphre
Part 4 - A Wrong Turn: https://anchor.fm/thecryptoconomy/episodes/Read_428---Discovering-Bitcoin-4---A-Wrong-Turn--A-New-Plan-Giacomo-Zucco-ei2k64
Part 5 - Digital Scarcity: https://anchor.fm/thecryptoconomy/episodes/Read_429---Discovering-Bitcoin-5---Digital-Scarcity-Giacomo-Zucco-ei9ln3

Stack sats automatically in your DCA Bitcoin savings plan at SwanBitcoin.com/Guy and get $10 for FREE to start off!

Much love to the Let's Talk Bitcoin Network for sharing this show out with their audience, and the other excellent shows they produce for the Bitcoin space!

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"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. History shows us that the corruption of monetary systems leads to moral decay, social collapse, and slavery. As the temptation to manipulate money has always proven to be too strong for mankind to resist, the only antidote for this poison is an incorruptible money — Bitcoin."
- Robert Breedlove

This is the full, no commentary version of Breedlove's epic piece, "Masters & Slaves of Money." Find the link to his medium page and the original publication below:
https://medium.com/@breedlove22/masters-and-slaves-of-money-255ecc93404f

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"We need to be able to disassociate from our identities to protect ourselves. We need the freedom to selectively reveal ourselves. We need the possibility to rally behind names, symbols, masks, and the ideas they represent — using transient identities and wearing masks ourselves if we have to. If identities are permanent and transparent, rebellion and revolution are impossible." - Gigi

A great piece from the epic blog over at Citadel21.com, by none other than Gigi, author of 21 Lessons. What is importance and impact of pseudonymity? Why should we be vigilant about the preservation of privacy in cyberspace? Find out in today's excellent read, "True Names Not Required"

Read the original and so many other great posts at Citadel21.com

No sponsor for today's show but you can always support the podcast by supporting your future with a Swan Bitcoin savings plan and using swanbitcoin.com/guy to start auto-buying Bitcoin every day, week, or month and stacking sats for your future.

You can always share the show out or drop some tips at Tippin.me/@thecryptoconomy

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“ignorance or delusion is one of the three causes of our suffering (the other two are attach­ment and aversion). So when we are deluded about reality, we perpet­uate suffering. When we are aware of reality as it is, we avoid suffering." - Reed Wommack

We read a piece today from the Swan Bitcoin blog that explores the very conceptual limits of infinity and how scarcity is integral to the very concept of reality. What doest his mean for our lives, for our happiness, and for the value we create? A Bitcoin Meditation.

Check out the original article and other great work and videos available at the Swan Signal blog:
https://www.swanbitcoin.com/accepting-scarcity-a-bitcoin-meditation

For another trip down the concepts of scarcity and time, a fantastic read is Misir Mahmudov's "This Book Will Save You Time" which you can find at the link below:
https://www.audible.com/pd/B08B77MR7F/?source_code=AUDFPWS0223189MWT-BK-ACX0-201657&ref=acx_bty_BK_ACX0_201657_rh_us

Stack sats automatically in your DCA Bitcoin savings plan at SwanBitcoin.com/Guy and get $10 for FREE to start off!

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Continuing the excellent series of Discovering Bitcoin, moving into the digital age, we have lost the most fundamental element of our money, it's "hardness." By what means can we get it back? Can we make a scarce money in the digital world, that has no authority, no ruler? Can we restore the freedom of decentralized money? Find out about the brilliant use of difficult puzzles, to achieve digital hardness, in part #5 of Giacomo's excellent series, "Digital Scarcity."

Find the original article and links to the other great reads in this series at Bitcoin Magazine:
https://bitcoinmagazine.com/articles/discovering-bitcoin-part-5-digital-scarcity

Check out the previous parts if you haven't yet!
Part 1 - About Time: https://anchor.fm/thecryptoconomy/episodes/Read_422---Discovering-Bitcoin---From-Cavemen-to-Lightning--Part-1-Giacomo-Zucco-ehdkrb
Part 2 - About People: https://anchor.fm/thecryptoconomy/episodes/Read_424---Discovering-Bitcoin-2---About-People-Giacomo-Zucco-ehgquv
Part 3 - Introducing Money: https://anchor.fm/thecryptoconomy/episodes/Read_426---Discovering-Bitcoin-3-Introducing-Money-Giacomo-Zucco-ehphre
Part 4 - A Wrong Turn: https://anchor.fm/thecryptoconomy/episodes/Read_428---Discovering-Bitcoin-4---A-Wrong-Turn--A-New-Plan-Giacomo-Zucco-ei2k64

Stack sats automatically in your DCA Bitcoin savings plan at SwanBitcoin.com/Guy and get $10 for FREE to start off!

Much love to the Let's Talk Bitcoin Network for sharing this show out with their audience, and the other excellent shows they produce for the Bitcoin space!

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“We find the global acceptance, brand recognition, ecosystem vitality, network dominance, architectural resilience, technical utility, and community ethos of Bitcoin to be persuasive evidence of its superiority as an asset class for those seeking a long-term store of value." - Michael Saylor

These are the words of the CEO of MicroStrategy, an enterprise analytics firm that has made a huge investment into Bitcoin, not truly as a speculative avenue, not as a small allocation in order to gain exposure to its potential upside, and protect from downside risk, and not as a means to provide a service for the industry or change their business strategy. They have purchased 21,424 bitcoins after an analysis of the global macro environment, the failing faith in the fiat financial system, and in seeking a long term store of value with significant growth potential.

They have looked at their treasury and compared their options, to either hold the mighty US dollar (the current global reserve currency) or Bitcoin (the most secure, independent digital currency) and have decided that the principal holding of their treasury reserves, would be safer in Bitcoin.

The Dominos are beginning to Fall

Check out the Fidelity article mentioned in this episode to dig further:
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_183---Custody-in-the-Age-of-Digital-Assets-Fidelity-Digital-e2ndoi

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"While it was pretty difficult for him to take over the very decentralized process of people exchanging gold nuggets, there are now a few big, public, trusted, vulnerable entities he can easily seize control of." - Giacomo Zucco

Continuing the excellent series of Discovering Bitcoin, this is an awesome set of articles covering thousands of years of monetary history and evolution all the way to The Lightning Network. Today's part is "A Wrong Turn," breaking down the process of innovating money to solve the "scaleness" problem, that ended up putting at huge risk of control and corruption, the "hardness" and "darkness" of our money. Into the age of full virtualization, what could possibly solve this? Do we need a New Plan?

Check out the previous parts if you haven't!
Part 1 - About Time: https://anchor.fm/thecryptoconomy/episodes/Read_422---Discovering-Bitcoin---From-Cavemen-to-Lightning--Part-1-Giacomo-Zucco-ehdkrb
Part 2 - About People: https://anchor.fm/thecryptoconomy/episodes/Read_424---Discovering-Bitcoin-2---About-People-Giacomo-Zucco-ehgquv
PArt 3 - Introducing Money: https://anchor.fm/thecryptoconomy/episodes/Read_426---Discovering-Bitcoin-3-Introducing-Money-Giacomo-Zucco-ehphre

Stack sats automatically in your DCA Bitcoin savings plan at SwanBitcoin.com/Guy and get $10 for FREE to start off!

If you haven't gotten your collectors copy of the Bitcoin Magazine, you can check it out at the store below!
https://store.bitcoinmagazine.com/

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"The Jevons paradox is a staple of environmental economics used to describe how the introduction of more efficient technologies tends to increase the consumption of resources rather than decrease it." - Alex B.

Will Lightning steal fees from Bitcoin miners and threaten the security of Bitcoin into the future? Or will is be the aggregation layer that enables so many additional and higher value use cases for Bitcoin block space, that it may be the very thing necessary to enable the fee growth needed to sustain Bitcoin indefinitely? An excellent piece read today from Alex B...

The Lightning Paradox:
https://medium.com/@bergealex4/the-lightning-paradox-f15ce0e8e374

Don't let your grandchildren hate you! Stack sats for the long term with a reliable, auto buy savings plan, and get $10 FREE to start at SwanBitcoin.com/guy

The other thing to immunize yourself against your future grandchildrens' menacing hatred is to tell everyone you know about Bitcoin Audible, and send them on their journey down the rabbit hole! 😝

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"The goods that fare better in hardness, scaleness and darkness will compete, and the first one to reach a critical mass will start swallowing the others, as far as monetary uses are concerned." - Giacomo Zucco

Continuing with the excellent series from Giacomo and Bitcoin Magazine, "Discovering Bitcoin: From Cavemen to the Lightning Network," we dive into Part 3 - Introducing Money. Building of the base concepts of savings in order to acquire time, of durability in a good to store that time, to investment in order to create greater productivity, and then to exchange and specialization, we finally introduce the ultimate good enabling cooperation on a massive scale, Money.

Listen to Parts 1-2 if you haven't yet to get a foundation for this piece:
Part 1 - About Time: https://anchor.fm/thecryptoconomy/episodes/Read_422---Discovering-Bitcoin---From-Cavemen-to-Lightning--Part-1-Giacomo-Zucco-ehdkrb
Part 2 - About People: https://anchor.fm/thecryptoconomy/episodes/Read_424---Discovering-Bitcoin-2---About-People-Giacomo-Zucco-ehgquv

Other essential reads mentioned in the Guy's Take section for going deeper down the rabbit hole on the nature & origins of money:
Shelling Out: The Origins of Money [Nick Szabo]
Money, Blockchains, & Social Scalability [Nick Szabo]

Stack sats automatically in your DCA Bitcoin savings plan at SwanBitcoin.com/Guy and get $10 for FREE to start off!

A huge thank you to BitcoinMagazine for making these available and to the Let's Talk Bitcoin Network for sharing this out to Bitcoiners everywhere!

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We have got a great chat that I have been unable to share until now! What is the present and future of Bitcoin mining and the consumption of energy. Is it a terrible reality that could have huge secondary negative effects, or could it ignite an energy revolution? Join Myself, Christian Stoll, Tone Vays, Christopher Bendikson, Jesse Peltan, and Phillip Sandner for an excellent chat!

And stack those sats! Use SwanBitcoin.com/guy to get started with $10 free and start your automatic, sleep like a baby, savings plan now! Don't be the one who missed out or got stuck starting at charts and ended up with half the Bitcoin trying to outsmart the markets. Save responsibly!

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"By buying Bitcoin, you are not making a mistake. But if you buy Bitcoin and stop there after your first purchase, you’re making a mistake." - Sylvain Saurel

A great introduction into Bitcoin by Sylvain that hits the most important rules you need to know before opening the door to the rabbit hole. The monetary system we know is a system the induces inequality and poverty, greed is your enemy, altcoins miss the entire point, not your keys - not your bitcoins, & this will change your life. Today we read, "If You Only Read One Thing Before Buying Bitcoin, Read These Few Lines."

Link to the original article below! Don't forget to drop some applause:
https://medium.com/in-bitcoin-we-trust/if-you-only-read-one-thing-before-buying-bitcoin-read-these-few-lines-221cd66235b

Mentioned in the read as another essential piece to explore is Breedlove's "Masters & Slaves of Money":
Part 1 - https://anchor.fm/thecryptoconomy/episodes/Read_414---Masters--Slaves-of-Money---Part-1-Robert-Breedlove-egd95h
Part 2 - https://anchor.fm/thecryptoconomy/episodes/Read_415---Masters--Slaves-of-Money---Part-2-Robert-Breedlove-egelgs

And the best way to stack sats is safely and automatically with SwanBitcoin.com/guy (get $10 for free and support the pod with this link!)

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Is there anything more to say? Feeling insanely bullish in a chat with Brady of Citizen Bitcoin and SwanBitcoin fame. Don't miss a great chat with 2 hardcore Bitcoiners talking Bitcoin.

Start your savings plan with swanbitcoin.com/guy - otherwise you are literally dead to me.

Tickets for the greatest Bitcoin conference of 2020! 

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"it clearly involves moral, political and ethical aspects, like the importance of privacy as a human right.  I will use the term “darkness” to address this attribute."  - Giacomo Zucco

Continuing the series from Giacomo and Bitcoin Magazine on Discovering Bitcoin: From Cavemen to the Lightning Network. An excellent series with Part 2 working into the concept of specialization and finding those goods that can securely hold value and enable exchange at a new level.  If you are new to Bitcoin, this series is a great place to start!

Part 1:
https://anchor.fm/thecryptoconomy/episodes/Read_422---Discovering-Bitcoin---From-Cavemen-to-Lightning--Part-1-Giacomo-Zucco-ehdkrb

I, Pencil - by Leonard Reed
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_123---I--Pencil-Leonard-E--Read-e2ndqm

Don't forget to start your savings plan with SwanBitcoin.com/guy! Support the show and get $10 for doing it! 😆

Much love to the Let's Talk Bitcoin Network! Don't forget to follow them on Twitter and check out the other great shows on the network.

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"If a few percentage points of a portfolio are allocated to it, there is a limited risk of loss... On the other hand, it’s not out of the question for Bitcoin to triple, quadruple, or have a potential moonshot price action from current levels" - Lyn Alden

An excellent article from investment advisor Lyn Alden who has recently become bullish on Bitcoin, both in the immediate future, and possibly for the long term. Breaking down the nature of Bitcoin's scarcity, the strengthening network effect, the growing security and trust, and the macro environment that could make it an important part of the global financial sphere, we read Alden's excellent post title "3 Reasons I'm Investing in Bitcoin."

Check out the original and the numerous charts that reinforce her position, not to mention tons of other great reading at her blog blow:
https://www.lynalden.com/invest-in-bitcoin/

For a popular and interactive view of the Stock-to-Flow price model visit:
digitalik.net/btc

And of course start your long term positioning into Bitcoin today at SwanBitcoin.com/Guy and get $10 free to start off. Dollar cost average and stack sats the best way out there.

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“In order to be useful for this kind of process, a good must possess a good “hardness”: Any unit of said good should not significantly lose its ability to provide utility if stored over some period of time.” - Giacomo Zucco

Beginning an excellent introductory series into the ideas behind Bitcoin from the broadest spectrum available, taking us through the history of value from Cavemen all the way to the Lightning Network. Today we cover the introduction and part 1 of Discovering Bitcoin by Giacomo Zucco

Check out the original articles at Bitcoin Magazine:
https://bitcoinmagazine.com/articles/discovering-bitcoin-a-brief-overview-from-cavemen-to-the-lightning-network
https://bitcoinmagazine.com/articles/discovering-bitcoin-part-1-time

Don’t forget to start your long term Bitcoin savings at SwanBitcoin.com/Guy

For more great shows from the Let’s Talk Bitcoin Network, check it out below:
https://letstalkbitcoin.com/

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A long and intense discussion on the vast chasms between the normal view of the world, and that which Bitcoin instills and requires of people. In the age of contradict and finger pointing, there is nothing so disruptive as radical personal responsibility.

Don't miss an awesome chat with Keyvan Davani, host of The Total Bitcoin and The Total Connecter podcasts! So much to unpack, so get ready for a great one.

Check out & follow Keyvan at the links below:
https://twitter.com/keyvandavani
https://www.keyvandavani.com/

Get the best nights sleep in the world with an auto-purchase Bitcoin savings plan at SwanBitcoin.com/guy. It will revolutionize the way you sleep! 😆

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"Privacy is at the root of Lightning which is a requirement for a retail payment network to succeed. It builds on Bitcoin which does not optimize for privacy⁵ but transparency and robustness." - Nicolas Burtey & Chris Hunter

As excellent piece today from the Galoy Money team that compares the current world of retail payment infrastructure with the incredible potential of a similarly architected, but fundamentally more open, permissionless, private, and censorship resistant payments system built with the Bitcoin & Lightning protocol stack.  An excellent piece with a sobering, but hugely bullish vision of a Bitcoin future.

Check out the original and drop some massive applause for this piece at the link below:
https://medium.com/galoymoney/lightning-as-a-retail-payment-system-part-1-7463c46342ef

Start your stacking if you haven't! The train is leaving the station! swanbitcoin.com/guy will get you $10 free to start, and set your auto-purchase Bitcoin savings plan in motion. Set it and forget it.

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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

Start your long term, auto purchase, super simple Bitcoin savings plan below and get $10 to start off for free!
SwanBitcoin.com/Guy

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"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

-----------------------------

Start your Bitcoin savings plan at SwanBitcoin.com/guy! Don't hate yourself for having delayed weeks and missed a prime, sat stacking opportunity before the next bull market. Today is it!

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“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

Support the show by starting your Bitcoin savings plan at SwanBitcoin.com/Guy and get $10 free to start off!

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"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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• 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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"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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"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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“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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"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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"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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"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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"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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"#Bitcoin as protocol has huge potential: it's like the TCP layer, but no one has built the HTTP layer yet." - Elizabeth Stark

Today we read an article from earlier this year on the massive advances we have seen in Lightning since its inception, and the awesome potential it has for the future. Written by Elizabeth Stark, co-founder of Lightning Labs, and followed by a long rant about all of the tools I’ve been using and the amazing things that are made possible with them!

Entering the Decade of Lightning, by Elizabeth Stark
https://medium.com/@lightning_labs/entering-the-decade-of-lightning-8c4a4d31167f

Links Below of all the incredible services and wallets available to begin experimenting with:
Breez Wallet:
https://breez.technology
Zap Wallet:
https://zap.jackmallers.com
Strike:
https://twitter.com/ln_strike
Blue Wallet:
https://bluewallet.io
Muun Wallet:
https://muun.com
Wallet of Satoshi:
https://www.walletofsatoshi.com
BTCPayServer:
https://btcpayserver.org/
Fold App:
https://foldapp.com

And don't forget SwanBitcoin for the best damn sleep in the world, regard of which stupid mattress you bought. Auto buying Bitcoin every week and waking up to that sweet notification that you have safely and securely stacked more bitcoins. SwanBitcoin.com/guy

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"Guy Swann returns to the show to discuss Bitcoin scaling, privacy, lightning, state chains, institutional solutions, owning your keys, and much more."

Pseu and I go down the rabbit hole of Bitcoin's future and what the road there may look like in this episode of his show, "A Boy Named Pseu." If you haven't checked out his podcast yet, it's a great one to explore on the principles of liberty and deep dives into all sort of conversations around Bitcoin. It's definitely one not to miss!
https://podcasts.apple.com/us/podcast/a-boy-named-pseu/id1477843916

Looking for that Bitcoin only, no noise, long term place to send your friends to buy Bitcoin? SwanBitcoin.com/guy will get them $10 free to start off, and not even once try to convince them to buy XRP.

DISCOUNT CODE "CC" will get you 30% off tickets to BitBlockBoom! Don't forget to grab them before they sell out! We are getting close and you don't want to miss the ultimate Bitcoin Maximalist conference 🔥

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"Incentives have driven exchanges to become casinos, and they’re doing exactly what you’d expect unregulated casinos to do. This is no place you ever want to send anyone."  - Rusty Russell

A sobering and important reminder of the dangers that exchanges have come to pose for people new to the Bitcoin space. Rusty Russell writes a concise piece breaking down the incentives of the exchange market and the increasing risks they pose in hooking people with the promise they can buy Bitcoin, and trapping them in the cycle of chasing green candles on 57 varieties of crap.

From Rusty's excellent blog with many other great little thoughts, check out below for tons of other great insight and discussion:
https://rusty.ozlabs.org/

Looking for that Bitcoin only, no noise, long term place to send your friends to buy Bitcoin? SwanBitcoin.com/guy will get them $10 free to start off, and not even once try to convince them to buy XRP.

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“Years before the U.S. government’s assault on free speech escalated into the indictment against the WikiLeaks founder, the mysterious creator of Bitcoin recognized the potential fate that would befall the world’s first global Fourth Estate. “ - Nozomi Hayase

Another excellent write up from Nozomi Hayase & Bitcoin Magazine, on the plight of Wikileaks founder Julian Assange & the injustice of his extradition. It is an astonishing thing to see how many world changing systems, technologies, and institutions found their beginnings in a tiny group of mathematicians & activists who found a commonality on the internet around the principle of free speech, sharing ideas on a virtually unknown mailing list of self-proclaimed “cypherpunks.” Who knew how much it would shape our world?

Check out the original article and link sot donate to the Wikileaks Defense Fund below:
https://bitcoinmagazine.com/articles/julian-assanges-u-s-extradition-and-bitcoins-battle-for-freedom-of-the-internet
https://defend.wikileaks.org/donate/

Check out the other amazing books mentioned on the Survivor’s Book List:
https://thecryptoconomy.com/bitcoin-survivors-book-list/

Auto-buy Bitcoin in a secure, low cost savings plan at SwanBitcoin.com/guy and get $10 of free bitcoins right out the gate, and also help support the longevity of Bitcoin Audible!

Don't forget offer code CC for 30% off tickets to BitBlockBoom! Come to the true Bitcoin Maximalist conference and let's hang out and talk about the new digital revolution!

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"the adoption of a superior form of money has tremendous multiplicative benefits to wealth creation for all members of a society." - Vijay Boyapati

Rebooting one of the most essential Bitcoin works out there. If you are either new to Bitcoin, or if you have simply not listened or read this one in some time, there is no better time than now to listen to Vijay Boyapati’s excellent work, “The Bullish Case for Bitcoin.”

Drop some applause and check out the original below with links to numerous other languages and platforms at the bottom of the piece. Drop some applause while you are visiting!
https://medium.com/@vijayboyapati/the-bullish-case-for-bitcoin-6ecc8bdecc1

Mentioned in this work for more incredible digging into the history and origins of money, here is Nick Szabo’s “Shelling Out, The Origins of Money”
https://anchor.fm/thecryptoconomy/episodes/Reboot---Shelling-Out-The-Origins-of-Money-Nick-Szabo-e9omme

Follow Vijay on social media so you don't miss his other incredible work and insights:
https://twitter.com/real_vijay

--------------------------------------------
Auto-buy Bitcoin in a secure, low cost savings plan at SwanBitcoin.com/guy and get $10 of free bitcoins right out the gate, and also help support the longevity of Bitcoin Audible!

Don't forget offer code CC for 30% off tickets to BitBlockBoom! Come to the true Bitcoin Maximalist conference and lets hang out and talk about the new digital revolution!

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"We have JCR Licklider to thank for the first articulation of the Internet, which he dubbed the “Intergalactic Computer Network” in 1962" - Roy Sheinfeld

If we look at the history of the most influential network in the world, the mother of them all, the internet; what might it be able to tell us about Bitcoin and Lightning? What might it be able to inform us about where we are going in the future of this ecosystem? And can it assist in helping us to find a direction for the enormous amount of work to come? Find out in this great piece from Roy Sheinfeld, CEO of Breez Technology.

Don't forget to check out the original plus a number of other great recent articles at the medium page below:
https://medium.com/breez-technology/comparing-two-revolutionary-networks-lightning-and-the-internet-d6043768e217

An excellent TEDx talk on the influence of the internet and potential change it may inspire for the future of governance, and how we may help to get it there, with the help of Bitcoin:
https://www.youtube.com/watch?time_continue=448&v=FNL22RvFwn0&feature=emb_logo

Starting your Bitcoin auto-buy savings plan at SwanBitcoin.com/guy will get you $10 of free sats right out the gate, and also help support the longevity of Bitcoin Audible!

Don't forget offer code CC for 30% off tickets to BitBlockBoom! Come to the true Bitcoin Maximalist conference and lets hang out and talk about Bitcoin 🔥

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"While Bitcoin can control the number of users inside the network, it has no control over the number of users accessing the network through custodial banks. The growth of this banking layer is outside of the protocol’s control and could grow into a systemic risk for Bitcoin." - Hasu

A very interesting thought experiment from returning author Hasu, on the potential risks of a Bitcoin future without a trustless means of transacting.  If most Bitcoin traded is a custodial IOU, could Bitcoin fall victim to the same fate as Gold? Find out more in today's read!

Check out the original and other great insights at Deribit.com:
https://insights.deribit.com/market-research/why-bitcoin-might-not-survive-a-bitcoin-standard/

Don't forget to setup your auto-buy Bitcoin Savings Plan at the lowest cost, and simplest service of Swan Bitcoin! SwanBitcoin.com/guy will get you some free sats for signing up, and also help support the longevity of Bitcoin Audible!

Don't forget offer code CC for 30% off tickets to BitBlockBoom! Come to the true Bitcoin Maximalist conference and lets hang out and talk about Bitcoin 🔥

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"ION will decentralize the way that messages and application data is encrypted and exchanged." - ION Announcement

With the help of Casa and a number of other partners, Microsoft finally releases the beta of their new decentralized ID system, anchored to the Bitcoin mainnet. A potential solution to security and privacy in our increasingly digital future. By Peter Chawaga, and published at the amazing resource that is Bitcoin Magazine, we read and discuss "ION, Microsoft’s Decentralized Identity System, Launches Beta On Bitcoin Mainnet."
The days of usernames and passwords may be behind us.

Check out the original article at the link below, plus a number of other great recent articles at Bitcoin Magazine:
https://bitcoinmagazine.com/articles/ion-microsofts-decentralized-identity-system-launches-beta-on-bitcoin-mainnet

A huge thanks to The Let's Talk Bitcoin Network and the amazing shows they produce for the Bitcoin space!

Don't forget to setup your auto-buy Bitcoin Savings Plan at the lowest cost, and simplest service of Swan Bitcoin! SwanBitcoin.com/guy will get you some free sats for signing up, and also help support the longevity of Bitcoin Audible!

IF YOUR ARE GOING TO BITBLOCKBOOM!! Don't forget offer code CC for 30% off! Come to the true Bitcoin Maximalist conference and lets hang out and talk about Bitcoin 🔥

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“What doesn’t kill the legacy monetary system only makes it weaker. What doesn’t kill bitcoin only makes it stronger. “ - Parker Lewis

If you were hoping for another installment of the incredible Gradually, then Suddenly Series by Parker Lewis, then the wait is over. From the Unchained Capital Blog, today’s read is the 15th installment, “Bitcoin is Antifragile.”

Link to the original and the Unchained Capital Blog for tons of other great writings:
https://unchained-capital.com/blog/bitcoin-is-antifragile/

Follow Parker Lewis on Twitter to not miss any of the other great works and commentary on Bitcoin:
https://twitter.com/parkeralewis

Don't forget to setup the best and lowest cost auto-buy Bitcoin savings plan at SwanBitcoin.com/guy
And for those fo you joining me at the ultimate Bitcoin Maximalist Conference in TX, remember the discount code 'CC' for 30% off at BitBlockBoom.com

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“At the moment, the Bitcoin network is improving but is far from as usable and private as it needs to be with authoritarianism and surveillance on the rise in many countries,” - Alex Gladstein

Another great piece by Aaron Van Wirdum made available at BitcoinMagazine.com, today it was announced that the Human Rights Foundation, a great force for liberty and privacy across the globe, has turned its focus toward directly funding Bitcoin privacy projects thanks to a generous gift from an anonymous donor.  Starting with funding an implementation of an awesome privacy development called coinswap, and with another grant soon to be announced, the future of Bitcoin privacy is yet again, just a little bit brighter!

Check out the original at Bitcoin Magazine for more links to explore this privacy technique as well as others:
https://bitcoinmagazine.com/articles/the-human-rights-foundation-is-now-funding-bitcoin-privacy-development-starting-with-coinswap

To make a donation yourself to the CoinSwap project, check out the link below:
https://bitcoinprivacy.me/coinswap-donations

Dont forget discount code CC when getting your BitBlockBoom tickets!
https://bitblockboom.com/

And support an awesome Bitcoin company, plus the BitcoinAudible show, by setting up your Bitcoin Savings plan, auto-buy at the lowest prices using SwanBitcoin.com/guy

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A follow-up to yesterday's incredible read from The Nakamoto Institute by Ian Grigg, The 7 Layers of Financial Cryptography. Today we dig into what the reality of financial cryptographic systems as they have been developed & secured through Bitcoin.  What philosophy and mentality informed it all, and where did it differ from Ian's vision, and where was he able to see what would come about?

Mentioned in the show for further exploration:
Bittorrent Lessons Part 1 - https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_219---Why-BitTorrent-Mattered-Lesson-1-Simon-Morris-e3ghrs
Bittorrent Lessons Part 2 - https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_220---Not-Breaking-Rules--Youre-Doing-it-Wrong-BitTorrent-Lesson-2-Simon-Morris-e3grft
Bittorrent Lessons Part 3 - https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_221---Intent--Complexity---Governance-Paradox-BitTorrent-Lesson-3-Simon-Morris-e3h2uj
Bittorrent Lessons Part 4 - https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_222---Decentralized-Disruption--Who-Dares-Wins-BitTorrent-Lesson-4-Simon-Morris-e3hek4

Inventing Bitcoin by Yan Pritzker:
https://www.audible.com/pd/B087C59TS7/?source_code=AUDFPWS0223189MWU-BK-ACX0-192596&ref=acx_bty_BK_ACX0_192596_pd_us

Dont forget to start your Bitocin savings plan, auto buy with the simplest set it and forget service out there at SwanBitcoin.com/guy

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"Financial Cryptography is substantially complex, requiring skills drawn from diverse and incompatible, or at least, unfriendly, disciplines. Caught between Central Banking and Cryptography, or between accountants and programmers, there is a grave danger that efforts to construct Financial Cryptography systems will simplify or omit critical disciplines." - Ian Grigg

Another blast from the past of 1998, written by Ian Grigg, made available at the NakamotoInstitute.org. An awesome attempt at looking forward to the possible layers and roles within a financial cryptography system, providing a fascinating comparison to Bitcoin and the reality of that system today.

Don’t miss tomorrow’s episode where we dig into the comparisons and expand on the many incredible foresights that Ian designed in his own model of our cryptographic future.

Explore the incredible library of works at the Nakamoto Institute and the original with a long list of references to dig further into these Ideas at the link below:
https://nakamotoinstitute.org/financial-cryptography-in-7-layers/

If you want the cheapest and simplest way to get a Bitcoin savings plan that will work indefinitely into the future, Swan Bitcoin is that place. Plus get $10 free for setting up through the link below!
SwanBitcoin.com/Guy

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Joined the guys over at POV Crpyto to talk about the nature of stability and prices. Does price stability even exist, is it something to strive for, or is it the antithesis to a stable economy? Had an awesome convo with CK & David, I think you guys will enjoy it. --- Send in a voice message: https://anchor.fm/thecryptoconomy/message

"Users can now create a transaction without a signature in the Bitcoin Core GUI using the partially signed bitcoin transaction (PSBT) format" - Aaron Van Wirdum

A great piece by Aaron & the Bitcoin Magazine team, detailing the new release of the Bitcoin reference client that explains multiple great improvements, simplifications, cleanup of the codebase, & hardening of client security. Removing the unnecessary, and building out new standards, another great release showing the promising direction of Bitcoin's unmatched reliability & independence continuing into the future.

Check out the original below for other great links to explore deeper:
https://bitcoinmagazine.com/articles/bitcoin-core-0-20-0-released-whats-new

The Maxwell Reddit post mentioned in the commentary:
https://old.reddit.com/r/Bitcoin/comments/d87h71/why_dont_i_get_to_choose_bip_70_removed_by_default/f1cedy9/

Don't forget to check out my new personalized page at SwanBitcoin.com/guy and start your Bitcoin savings plan today!

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"As it turns out, we had money, we just weren't allowed to take it out of the country. When we left the Soviet Union we were allowed to exchange our rubles for dollars at the official rate (not the real rate)... so they gave us $100 worth and sent us on our way." - Yan Pritzker

Bitcoin isn't simply an application that can be used for finance.  Less a technological breakthrough & more a monetary revolution. Today we chat with the exceptional author of "Inventing Bitcoin," CTO and co-founder of Swan Bitcoin & GiveBitcoin, and a Bitcoiner who has risked it all to be a part of the most important monetary revolution in a century. This chat is not to be missed!

Shout out in the episode to Cory Klippsten, CEO of Swan Bitcoin, and Phil Geiger of Unchained Capital!

If you haven't read or listened to Inventing Bitcoin, it is a brilliant overview of the logical architecture that sustains the Bitcoin system. Find it at the link below on Amazon and/or Audible.com
https://bit.ly/inventing_btc

Automatic savings in the most secure and sound monetary good, using the easiest and lowest cost service out there. Swan Bitcoin is a no brainer, support the show by setting it up at Swanbitcoin.com/guy

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"VCs are a group of people demonized in the Bitcoin industry for not understanding Bitcoin’s value proposition. Well, how do you expect a VC to value Bitcoin if they’re only used to valuing startups?" - Hass McCook

A really fun article, followed by a walk down Bitcoin memory lane with Guy, giving a fresh analogy (you know how I love those) of Bitcoin as a startup moving through funding rounds.  Where are we in the maturing cycle, and what will the focus of this and future eras be? Looking at Bitcoin's history and future through the lens of a startup!

Check out the original article and drop some applause below:
https://medium.com/@hassmccook/bitcoin-as-a-startup-769c387c97ca

Join in the Series B Funding Round by starting your Bitcoin Savings Plan at
SwanBitcoin.com/guy

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“authority, not truth makes legitimacy... it is truth, not authority that makes legitimacy with Bitcoin.” - Erik Cason

Today we dive into a fascinating piece at cryptosovereignty.org by Erik Cason diving into the very concept of sovereignty, and how Bitcoin, in comparison to the legacy system, is not merely revolutionary, but messianic. Truth, not authority, is the only source of legitimacy.

Check out the original article with tons of other stuff to explore at the link below:
https://cryptosovereignty.org/the-political-theology-of-bitcoin/

For another few hours diving into this idea, listen to the most recent Raleigh Bitcoin Podcast where we talk all about it:
https://anchor.fm/raleigh-bitcoin-meetup/episodes/Novus-Ordo-eemr9t

Will you be sovereign in the future? The simplest and surest way to take back that sovereignty is to auto-buy and auto-withdraw your Bitcoin at Swan Bitcoin:  Swanbitcoin.com/guy

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“It’s going to be really interesting to replicate some of the token-based authentication schemes that we already have with centralized providers but do it with self-sovereign identity, which is pseudonymous and which is persistent across the network.” - Chris Dannen

An article by Peter Chawaga at BitcoinMagazine.com that touches on the many topics discussed during the Bitcoin Halving Livestream with many of the Lightning pioneers. With LSATs, keysend, LN messaging apps, and the new infrastructure layer for monetary applications. The future is bright, and today's episode is a great little morsel about what it to come.

Check out the original article and the 2 great videos exploring all of this stuff further at the links below:
https://bitcoinmagazine.com/articles/how-the-lightning-network-will-grow-following-bitcoins-third-halving
Elizabeth Stark on BitcoinHalving - https://www.youtube.com/watch?v=CEim0y0Vw68
Jack Mallers, Will Reeves, Chris Dannen, & Alex Leishman - https://www.youtube.com/watch?v=z1mpftgg2Ls

Auto-Fund with USD, Auto-Stack your BTC, & Auto-Withdraw to your keys. The simplest, lowest cost way to secure your future.
SwanBitcoin.com/guy

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We had a fascinating panel discussion hosted by John Vallis with an amazing group at the Value of Bitcoin Conference. All about the Global Renaissance that Bitcoin could ignite. What incentives will most change our world, what is the future of debt in a sound money economy, what will governments look like, what happens when everyone's wealth exists everywhere at once and borders become meaningless? All this and more with Marty Bent, John Vallis, Alex Gladstein, Elizabeth Prefontaine, & Brady Swenson!

Check out the other great talks fro the Value of Bitcoin conference. The team put on an incredible show and there is hours of exploring to do at:
https://vob-conference.com/

Secure your future place in society with the easiest, lowest cost, automated Bitcoin Savings Plan at SwanBitcoin.com/guy

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"Early alchemy was concerned with purifying and perfecting certain materials, such as transmuting base metals like lead into noble metals like gold, creating an elixir of immortality, or creating panaceas to cure any disease." - Meltem Demirors

How should we observe the "crypto" industry as a whole, and what, if anything, can we learn from the enormous ocean of altcoins that could find a useful application in the future of cryptography and networking systems? Meltem gives a very interesting analogy on how to look at the results of the "crypto" industry and a useful perspective in considering what we to bring with us, and what to leave behind.

Check the original plus a ton of other great writing from Meltem at her blog "Meltem's Musings":
https://meltdem.substack.com/p/crypto-is-modern-alchemy

Bitcoin Audible is supported by an amazing group of Bitcoiners on the team with Swan Bitcoin. Providing the best way to auto-buy & auto-withdraw your bitcoin with the lowest DCA fees in the business. Go to Swanbitcoin.com/guy today to start your savings plan.

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"The world’s national currencies will offer Bitcoin only a sputtering resistance — more in word than deed — and they’ll dwindle into irrelevance as their defenders fail to defend, their battlements go unmanned, and the central banks’ centers will not hold." - Jesse Lawler

Are we doomed for a massive battle between the monetary giants. The Federal Reserve and global powers pitted against the decentralized Bitcoin system? Or will Goliath simply fizzle out as the central banks fail to organize, find their personal interest at odds with institutional interest, and Bitcoin proves to be too distributed to even fight?

Sci-Fi dystopia and a cypherpunk war, or no? A great, fun piece by Jesse Lawler, host of the Smart Drugs Smart podcast and fellow Crew member of the show, writes a really interesting piece on the potential conflicts, or lack thereof, in Bitcoin's future.

Check him out on twitter with the tag @Lawlerpalooza and drop some applause on this article below:
https://medium.com/@Lawlerpalooza/bitcoin-vs-government-b324fefd3e1a

Start your Bitcoin savings at Swanbitcoin.com/guy to support your own future, and support this podcast! Keeping the Bitcoin Audible project alive!

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Statechains, the Atomic Swap Halving, Perpetual One Way Swaps, and more with co-host of the Unhashed Podcast! Ruben Somsen joins us to dive into a ton of awesome technical exploration & how they can be directed toward a scalable and efficient future for Bitcoin. 

Check out Ruben on Twitter:
https://twitter.com/SomsenRuben
Explore his various proposals further:
https://gist.github.com/RubenSomsen/c9f0a92493e06b0e29acced61ca9f49a
Listen to him and the gang talk Bitcoin on the Unhashed Podcast:
https://www.unhashedpodcast.com/

Get your Bitcoin Savings Plan set in now! Use the simplest and lowest cost way to auto-buy Bitcoin and auto-withdraw to your own wallet at Swanbitcoin.com/guy

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Full nodes without even needing the internet? That's right. A massive improvement to the decentralization & alternatives for securing Bitcoin validation infrastructure just dropped from the team at Blockstream.

Announcing Blockstream Satellite 2.0! Check out the original with links to pre-order the kits if interested:
https://blockstream.com/2020/05/04/en-announcing-blockstream-satellite-2/

Follow Adam Back, Chris Cook, & the team on Twitter:
https://twitter.com/adam3us
https://twitter.com/Blockstream

Stack sats automatically and effortlessly at SwanBitcoin.com/guy! Plus show them some love for their support in making the best Bitcoin works Audible!

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"Encryption reduces the cost of protection and decreases the leverage of violence at scale. This leads to the rise of dissident technology." - Phil Bonello

With the foundations of the our societal structures shifting, and the core dynamics of violent organization under flux, how do we anticipate the changes in the future? Looking at the investment thesis through the lens of “The Sovereign Individual” with an incredible article from Phil Bonello.

Check out the original article at the link below, plus a lot of other great work on his blog:
https://philjbonello.substack.com/p/the-sovereign-individual-investment

A huge thanks to Swan Bitcoin for supporting Bitcoin Audible & making these works accessible to everyone. Start your Bitcoin savings plan with the lowest cost, best auto-buy service available, at SwanBitcoin.com/guy

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"A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution." - Satoshi Nakamoto

To kick off the Third epoch in Bitcoin we are officially rebranding to Bitcoin Audible, and beginning with the historic Whitepaper by Satoshi himself, revealing this incredible system to the world. Solving the Byzantine General's problem, a breakthrough in consensus, a structureless, distributed monetary system incentivizing cooperation and truth. The Whitepaper is the earliest window into a groundbreaking network that already has, and will continue, to change the world.

Bitcoin: A Peer-to-Peer Electronic Cash System
Original is found here: https://bitcoin.org/en/bitcoin-paper

A huge thanks to Swan Bitcoin for supporting Bitcoin Audible & making these works accessible to everyone. Start your Bitcoin savings plan with the lowest cost, best auto-buy service available, at SwanBitcoin.com/guy

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Finally got the incredible author of the "Gradually, Then Suddenly" series on the show to have a chat about the nature of Bitcoin, how it so widely misunderstood, and the most important change it will bring about. Parker Lewis and I had an awesome chat and you don't want to miss it.

Happy Halving guys!!
SwanBitcoin.com/guy

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"In other words, Bitcoin already has little monetary inflation, which will drop even further."  - Dominik Stroukal

Because I love discussion of markets, prices, and the EMH, I couldn't avoid one last article before the halving arrives. With another interesting take from the SatoshiLabs blog from first time on the show author, Diminik Stroukal, we get a breakdown of how to think about the halving, the stock to flow model, and predicting the future of Bitcoin.

Plus, an unavoidable Guy's Rant to follow 😂- Don't miss it!

Check out the original and drop some applause below:
https://blog.trezor.io/the-economics-of-halving-what-will-happen-to-the-price-dab6df11755a

Efficient Market Hypothesis [Nic Carter]
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_343---Introduction-to-the-Efficient-Market-Hypothesis-for-Bitcoiners-Nic-Carter-eac03b

Stock to Flow and the EMH [PlanB]
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_344---Efficient-Markets--Bitcoins-Stock-to-Flow-PlanB-eaco0i

The Halving is NOT priced in [Guy's Take]
https://anchor.fm/thecryptoconomy/episodes/GuysTake_026---The-Halving-is-Not-Priced-in--Heres-Why-eagkrd

Don't miss your position in the scarcest money to ever exist, the longer you wait, the more scarce it becomes. Start your Bitcoin savings plan at SwanBitcoin.com/guy 🔥

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"In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value. If there were, the government would have to make its holding illegal, as was done in the case of gold."  - Alan Greenspan

Who would've guessed that the most succinct explanation of exactly how Greenspan caused an unsustainable credit bubble in the 90s, resulting in an inevitable economic collapse, would've come from Greenspan himself, almost 30 years earlier? Today we read a piece that was a major factor during my early years of discovering the Austrian theory and the importance of sound money. Greenspan's "Gold and Economic Freedom."

Check out the original at constitution.org:
https://www.constitution.org/mon/greenspan_gold.htm

The best place to buy Bitcoin, regularly, and automatically, is with Swan Bitcoin. The lowest cost, and the simplest setup, built by true Bitcoiners, for Bitcoiners.  
swanbitcoin.com/guy

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"It is axiomatic that printing money (or creating digital dollars) does nothing to generate economic activity; it only shifts the balance of powers as to who allocates the money and prices risk. It strips power from the people and centralizes it to the government."  - Parker Lewis

If you were worried that the previous installment of the Gradually, Then Suddenly Series was its conclusion, then you will not want to miss today’s read. Parker is back with another bomb to drop on the unavoidable reality of our times. It is a simple and irrefutable common sense, that money which one individual must fight and labor to obtain voluntarily, and which is simultaneously created at zero cost by any other institution or person, grants no advantage to the former.

Bitcoin is 21 million, and the realization that a scarce money is a better money for every individual, and more fair for society, will be self-actualizing. It requires nothing more than the persistence of the human desire for self-preservation. A huge thanks to Parker Lewis and Unchained Capital for this piece.

The original, with links and charts demonstrating his argument, plus the entire incredible series is available at the link below:
https://unchained-capital.com/blog/bitcoin-is-common-sense/

Mentioned in the commentary:
https://chapwoodindex.com/

Don’t forget to start your Bitcoin savings plan at Swan Bitcoin and thank them for making the Audible of the Bitcoin space available for you to listen to these incredible works!
Swanbitcoin.com/guy

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"As a friend of mine likes to say: Bitcoin is pieces of super-gold flying inside an unstoppable PayPal. It is the best money we ever had."  - Gigi

Another great piece by Gigi (@Dergigi on twitter) that takes a step back and just tells the message of Bitcoin without all the usual over-complication. Ignore the monetary history, don't explain the underlying technology, lets not cover the crucial cryptographic imperatives or the game theory, and lets address the common sense reasons that Bitcoin exists, and how we should be think of it as we move into the future.

A brilliant piece as usual from Gigi, check out the original below, "Dear Family, Dear Friends" and drop some applause on Medium
ALSO don't forget to check out the additional resources I forgot to talk about at the bottom of the article:
https://medium.com/@dergigi/dear-family-dear-friends-6ef7ee7a1a2b

Gigi's comprehensive resources to explore further down the Bitcoin Rabbit Hole:
https://bitcoin-resources.com

Much love to our amazing sponsor and the incredible team over at Swan Bitcoin. Making the Audible of the Bitcoin space available to all
Invest in sound money, automatically, easily, and responsibly at Swan Bitcoin. - https://www.swanbitcoin.com/guy

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"Mycelial networks act as a resource transport layer and communications network connecting organisms in the biosphere. This enables organisms to voluntarily trade resources and knowledge across species lines. Increasing trade leads to increased specialization (division of labor), further increasing biodiversity (wealth and resilience) in the ecosystem."
       - Brandon Quittem

After the long wait, we are finally covering Part 4, the conclusion, of Quittem's incredible "Mycelial Money" series, exploring Bitcoin as a catalyst for the evolution of our species. Drop some applause here 👏🏻-> https://medium.com/@BrandonQuittem/bitcoin-is-a-catalyst-for-human-evolution-symbiosis-part-4-4-4c6563cb9254

Listen/Read parts 1-3 below:
Bitcoin is a Decentralized Organism 1/4:
• Audio: https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_201---Bitcoin-is-a-Decentralized-Organism---Mycelium-Part-1-e2sarg
Bitcoin is a Social Creature 2/4
• Audio: https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_224---Bitcoin-is-a-Social-Creature--Mycelium-Part-2-e3iq3u
Bitcoin is the Antivirus 3/4
• Audio: https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_284---Bitcoin-is-the-Antivirus-Brandon-Quittem-e4vmac

Danny Hillis - Back to the Future of 1994:
https://www.youtube.com/watch?v=gdg4mU-wuhI&t=

Use of Knowledge in Society:
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

Money, Blockchains, and Social Scalability:
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_066---Money--Blockchains--and-Social-Scalability-e2ndsj

Don't forget to start your Bitcoin saving plan. Don't let the future pull the rug out from under you. Invest in sound money, automatically, easily, and responsibly at Swan Bitcoin. - https://www.swanbitcoin.com?grsf=yg8ftt

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"What the State fears above all, of course, is any
fundamental threat to its own power and its own existence"
                       - Murray N. Rothbard

The epic conclusion to Murray Rothbard's Anatomy of the State. What is the ultimate end of state power? Can we test to see if the State is in fact interested in its own survival, or if its interested in the protection of its citizens? And how does Bitcoin alter this ancient dynamic? This and more in todays read.

Check out Mises.org for the amazing library of work made available for free!
https://mises.org/library/anatomy-state

Don't forget to start your Bitcoin saving plan. Don't let the future pull the rug out from under you. Invest in sound money, automatically, easily, and responsibly at Swan Bitcoin. - https://www.swanbitcoin.com?grsf=yg8ftt

Don't forget you can support the show by becoming a patron, or find out sponsorship details at sponsor@thecryptoconomy.com.
patreon.com/thecryptoconomy

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"The greatest danger to the State
is independent intellectual criticism."
                           -Murray N. Rothbard

Another piece made available thanks to the amazing team over at the Mises Institute, we dive into the first half of the essential work by Murray N. Rothbard, Anatomy of the State. A critical and objective view of what the tools and means of the state are, and how they differ from the average man. Trigger warning, some of it might be hard to hear.

Check out Mises.org for the amazing library of work made available for free!

Don't forget to start your Bitcoin saving plan. Don't let the future pull the rug out from under you. Invest in sound money, automatically, easily, and responsibly at Swan Bitcoin. - https://www.swanbitcoin.com?grsf=yg8ftt

Don't forget you can support the show by becoming a patron, or find out sponsorship details at sponsor@thecryptoconomy.com.
patreon.com/thecryptoconomy

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"I think of Bitcoin as a conservative investment because it’s so superior to gold. The value of it should wind up at least equal to gold’s..." - BitcoinTINA

Reading a piece by BitcoinTINA summarized from the BitcoinMagazine series on how Bitcoin is a fundamental shift in the nature of money, and how quickly everything could change despite how difficult to imagine it may be. Posted with other great work on the Swan Signal blog, we read "Bitcoin and the Technological Evolution of the Finanical System."

Link to the Blog, plus the other great reading mentioned in the article:
https://www.swanbitcoin.com/bitcoin-and-the-technological-evolution-of-the-financial-system

The 4 part Bitcoin Magazine series where TINA dives deeper into these ideas:
https://bitcoinmagazine.com/articles/listen-bitcointina-on-bitcoin-podcast-series

Don't forget to start your Bitcoin saving plan. Don't let the future pull the rug out from under you. Invest in sound money, automatically, easily, and responsibly at Swan Bitcoin. - https://www.swanbitcoin.com?grsf=yg8ftt

Don't forget you can support the show by becoming a patron, or find out sponsorship details at sponsor@thecryptoconomy.com.
patreon.com/thecryptoconomy

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"We Hodl these truths to be self evident" - Brady

A Declaration of Independence for the age of the separation of money and state. When a monetary system becomes a burden, a means not to help the public good, but to sicken and destroy it, it is the right, and the duty of the people to throw off such system. This is why we are here, and this is why we run our nodes, defending the network from those that would alter the money for their benefit, and our expense.

The original is below so that applause may be given 👏🏻👏🏻
https://medium.com/@citizenbitcoin/a-declaration-of-monetary-independence-4da96af54e62

Leave you signature on the Twitter thread below:
https://twitter.com/CitizenBitcoin/status/1251396546333159424

Support the companies that build for a Bitcoin future, and do so knowing the reasons why. Swan Bitcoin is the best place to buy Bitcoin, from true Bitcoiners. https://www.swanbitcoin.com?grsf=yg8ftt

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If finding out how the banking system is systematically ripping you off doesn't make your angry, then you're already dead.

Had an awesome discussion with Josh of Bottomshelf Bitcoin fame! Going through the incredible theft and engineered fragility of our monetary system. How it induces the boom and bust cycle, builds unsustainable imbalances, fuels irresponsible behavior, rewards those who waste resources, lies to us about our wealth, and manages to have us owing all of our life's work to a banking elite that never earned any of it.

Josh and I have an awesome chat, and you don't want to miss it!🔥

If you haven't heard it yet, Ep. 53 with Carlos from Satoshi's Games is excellent:
https://anchor.fm/bottomshelfbtc/episodes/Lightnite-with-Carlos-from-Satoshis-Games-Episode-53-e8fstc

A huge thanks to Swan Bitcoin for supporting the Audible of Bitcoin, supporting the education on the principles and philosophy behind Bitcoin, and making it accessible to all! Show some love, and get the best Bitcoin Savings Plan out there!
https://www.swanbitcoin.com?grsf=yg8ftt 👈🏻

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"As the crypto industry makes progress toward Web 3.0, we’ll come to realize that it’s hard to beat the security and network effects of Bitcoin." - Muneeb Ali

Another great article from Bitcoin Magazine, this one by the founder of Blockstack, Muneeb Ali, on the superior security and foundation that Bitcoin can provide to Web 3.0.  How its perceived "limitations," may be what makes it the best foundation we could have.  
It also sparks a long Guy's Rant on the value of on-chain vs off-chain contracts, the doubts on the "tokenization of everything," & why smart contracts are only as good as the token they contract in (not the other way round).

This isn't to be missed. Check out the other great stuff at Bitcoin Magazine that I won't be able to cover, plus the original articlewith links to dig further in at the link below:
https://bitcoinmagazine.com/articles/the-king-of-blockchains-bitcoin-can-become-the-foundation-for-web-3-0

Mentioned in the episode for further Rabbit Hole Research:
Szabo's "The Dawn of Trustworthy Computing"
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_113---The-Dawn-of-Trustworthy-Computing-Nick-Szabo-e2ndr3
BitcoinHalving.com 21 Hour Live Stream:
https://www.bitcoinhalving.com/

Don't forget to check out Swan Bitcoin! Start your Bitcoin savings plan by clicking here
https://www.swanbitcoin.com?grsf=yg8ftt 👈🏻

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You are not going to want to miss this incredible piece on exactly how far we have strayed from anything resembling "capitalism," or even the goal of accumulating and growing the capital that improves our lives.

"This is your brain on central banking, regulatory capture, and financialization."  - Sacha & Allen

Check out the original and hit that clap button excessively on both Allen and Sacha's pages below 👏🏻👏🏻👏🏻
• https://medium.com/@allenfarrington/this-is-not-capitalism-5ed0a9d5dfa9
• https://medium.com/@sachameyers/this-is-not-capitalism-7d5ab7b31f90

Don't forget to check out Swan Bitcoin and start your Bitcoin savings plan by clicking here
https://www.swanbitcoin.com?grsf=yg8ftt 👈🏻

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"You can't dictate how people should use bitcoin. Bitcoin has certain properties that enable different use cases. The predominant use case will fluctuate over time. Get over it."  - Marty Bent

An Important reminder from Uncle Marty: Bitcoin has value because of what it enables. It is the market that will find its highest value purpose, and it will be used in all the ways it will best serve the economy. Neither you nor I, fortunately, get to decide how Bitcoin will be used or valued.

Don't forget to check out Marty's Bent, a daily newsletter with tons of incredible insight and fun ideas:
https://tftc.io/martys-bent/

If you haven't heard it, The Use of Knowledge in Society is one of the most important pieces I've covered on this show. Listen at the links below:
Part 1 - https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_250---Use-of-Knowledge-in-Society-Part-1---F--A--Hayek-e43pfj
Part 2 - https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_251---Use-of-Knowledge-in-Society-Part-2---F--A--Hayek-e444k0

Don't forget to start your Bitcoin savings plan at the link below. The value of a sound digital asset in these uncertain monetary times cannot be overstated. Start your investment in the future today:
https://www.swanbitcoin.com?grsf=yg8ftt

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"All I know is the setup for bitcoin, the hardest form of digital money, could not be better. All manners of trust have evaporated. In order to solve for demand and supply destruction, governments will embark on the greatest fiscal stimulus binge the world has ever seen."  - Arthur Hayes

The time has come to put our cards on the table and place our bets. Where do you stand?

Check out this article plus tons of other great research on any Bitcoin topic you could dream up at the Bitmex Blog:
https://blog.bitmex.com/choose-your-fiction/

Start your Bitcoin Savings Plan at the Swan Bitcoin link below!
https://www.swanbitcoin.com?grsf=xngc0c

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You’re in for a marathon of a meetup today! The Raleigh Bitcoin Crew goes down the rabbit hole with…

Infinite money printing
Who really runs things?
Inflation and the Fed’s Great Scam
How trustless money leads to greater trust
Price “gouging” or price “discovery”?
Monopolies & the Govt
Anti-trust laws and predatory pricing
The last halving & the Bitcoin price
Quantitative Hardening
& more!

Don't forget to subscribe and check out the Raleigh Bitcoin Meetup Pod so you don't miss the rabbit holes we travel every week.🔥
anchor.fm/raleigh-bitcoin-meetup

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"It is the digital equivalent of your physical bank sending private investigators to follow your every move for days after you withdraw cash at the ATM, and then freezing or confiscating your bank account entirely if that PI comes back with a report that says that “you may have,” with some probability, engaged in controversial actions with that cash."  - Giacomo Zucco

A great closing the Giacomo's Treatise on Bitcoin and Privacy at Bitcoin Magazine. What are the Red herrings we have to navigate to determine the truth of privacy on Bitcoin, and the many (non)alternatives. Is there a perfect privacy option, or do they all come with numerous costs and explicit trade-offs? 

Check out the original article over at Bitcoin Magazine, plus the thousands of other great pieces on everything you could ever want to know about Bitcoin and the history of this space:
https://bitcoinmagazine.com/articles/a-treatise-on-bitcoin-and-privacy-part-2-dont-be-misled-by-red-herrings

Listen to Part 1 if you haven't yet: https://anchor.fm/thecryptoconomy/episodes/Read_375---A-Match-Made-in-the-Whitepaper---Treatise-on-Bitcoin--Privacy--Part-1-Giacomo-Zucco-ech00u

Here is the video thrown together by myself and a few other great Raleigh Bitcoiners, Living on Bitcoin in 2020 - What its REALLY like: https://www.youtube.com/watch?v=cOmUpp3J9Ck

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"Despite unprecedented fiscal and monetary intervention after the financial crisis, results have been disappointing. The American people do not need accounting tricks or more debt, but true innovation. Thankfully, Bitcoin provides a way forward."  - Conner Brown

An excellent article found over at the Bitcoin Reserve Journal on how Bitcoin could lead us into an explosion of innovation and efficiency, and has the potential to right so many imbalances and decades of stagnation in the American economy. A new Gold Rush, in the Digital Age. 🔥

Check out the Blog below for a number of other great recent articles:
https://journal.bitcoinreserve.com/bitcoin-a-bold-american-future/

Start your Bitcoin Savings Plan at the Swan Bitcoin link below! Added is the link to the Swan Signal podcast to check out a couple of recent great episodes, specifically with today's author Conner Brown and also Marty Bent:
https://www.swanbitcoin.com?grsf=xngc0c
Swan Signal: https://swansignalpodcast.com/episodes/bitcoin-in-uncertain-times-e3

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"Although I mostly agree with their reasoning and share the enthusiasm for such a free market, I cannot stop being astonished by the naivety of the idea."  - Sven Schneiders

If a "good" money cannot survive without a helpful and easy environment... then is it even a good money at all? 🤔
Sven makes an excellent case for abandoning the sentiment that we should desire a friendly environment for the one market good which is the bedrock for all other economic activity.

Check out the original and the many other posts on the LimitlessCuriosity.com Blog:
https://limitlesscuriosity.com/essays/stop-calling-for-a-free-market-in-money

Choosing your money, is to choose the future you want. If that future has powerful central banks, economic micromanagement by authorities, & third parties in every transaction, then don't buy #Bitcoin. But, if that doesn't sound appealing, you should start your Bitcoin Savings Account. Swan Bitcoin makes that easier than ever:
https://www.swanbitcoin.com?grsf=xngc0c

And speaking of the future of The Cryptoconomy... look out for "Bitcoin Audible!" 🔥😉

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“Beware of what I call Pascal's scams: movements or belief systems that ask you to hope for or worry about very improbable outcomes that could have very large positive or negative consequences.” - Nick Szabo

Another amazing piece from the Unenumerated blog by Nick Szabo that explains a class of doomsday and utopia predictions he refers to as “Pascal’s Scams.” How it can appear rational to worry or hope for extremely improbable outcomes. We read part 1 & 2 together and then talk about how this perspective could change our view of these crazy times. Don’t miss it.

Here are the original blog posts, in addition to the incredible body of work available on the Unenumerated Blog:
Part 1: https://unenumerated.blogspot.com/2012/07/pascals-scams.html
Part 2: https://unenumerated.blogspot.com/2012/07/pascals-scams-ii.html

Some of the previous works by Szabo we have read on the show:
Shelling Out: The Origins of Money
• https://anchor.fm/thecryptoconomy/episodes/Reboot---Shelling-Out-The-Origins-of-Money-Nick-Szabo-e9omme
Money, Blockchains, & Social Scalability
• https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_066---Money--Blockchains--and-Social-Scalability-e2ndsj
Exit and Freedom
• https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_233---Exit--Freedom-Nick-Szabo-e3nleo
The God Protocols
• https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_261---The-God-Protocols-Nick-Szabo-e4cstb
The Dawn of Trustworthy Computing:
• https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_113---The-Dawn-of-Trustworthy-Computing-Nick-Szabo-e2ndr3

Drop the fiat money printer tokens and start saving in sound money? Start your Bitcoin Savings Plan today at SwanBitcoin.com. 🔥
https://www.swanbitcoin.com?grsf=xngc0c

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"Satoshi Nakamoto created Bitcoin as a tool for privacy. The entire cypherpunk quest, which Satoshi was an active part of and which the Bitcoin experiment is the coronation of, was all about personal and financial privacy." - Giacomo Zucco

A great piece from Giacomo, published with Bitcoin Magazine, on the concepts and origins of privacy behind Bitcoin. Why it's needed, what it means, and all the ways we will secure it. A Treatise on Bitcoin & Privacy Part 1. Let's dive in!

Check out the original and get a head start on Part 2 with the links below:
Part 1: https://bitcoinmagazine.com/articles/a-treatise-on-bitcoin-and-privacy-part-1-a-match-made-in-the-whitepaper
Part 2: https://bitcoinmagazine.com/articles/a-treatise-on-bitcoin-and-privacy-part-2-dont-be-misled-by-red-herrings

We have a choice about our future, are you securing yours? Start a bitcoin savings account at SwanBitcoin.com for the no hassle solution to a long term Bitcoin Savings Plan. Missing out on the technological revolution of the century is not an option. 🔥
https://www.swanbitcoin.com?grsf=xngc0c

If you want to support the show and hang out with the Cryptoconomy Crew, you can do so over at Patreon.com/thecryptoconomy, or by donating at TheCryptoconomy.com. Support the Audible of the Bitcoin space and share with everyone you know! 10 million Bitcoiners is our target, our mission toward a better future.

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"A distant digital descendent of zero, the invention of Bitcoin represents the discovery of absolute scarcity for money: an idea as equally unstoppable."  - Robert Breedlove

A new piece by Breedlove exploring the discovery and impact of the concept of "zero," both as an abstraction of the nature of the universe, & a numerical tool for better defining and making sense of the world. And how the discovery of absolute scarcity in a monetary system, Bitcoin, will change our current view of the world. Not to be missed.

Check out the original for tons of great links and graphics to help illustrate the underlying ideas:
https://medium.com/@breedlove22/the-number-zero-and-bitcoin-4c193336db5b

IF you haven't taken the time to solidify your Bitcoin Savings Plan over at SwanBitcoin.com, now is the time! The only way out of our current mess is with sound money, and financial responsibility, Swan Bitcoin is where you'll find both. 👏🏻 https://www.swanbitcoin.com?grsf=xngc0c

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“In the wake of the enormous money tsunami unleashed onto economies and societies, people have begun (rightfully) to start asking the question: What has become of money? Is money even worth anything any longer?” - Pascal Another great op-ed from Pascal Hugli over at BitcoinMagazine.com. With a deca-trillion dollar imbalance & trillion in newly printed currency now a daily reality… how exactly did we get here? What is Happening to Money? https://bitcoinmagazine.com/articles/what-is-happening-to-money Other great works to check out: • What Has Government Done to Our Money [Murray Rothbard] https://mises.org/library/what-has-government-done-our-money • The Philosophy of Money [Georg Simmel] https://www.goodreads.com/book/show/243473.The_Philosophy_of_Money Don't forget to Start your Bitcoin Savings Plan over at SwanBitcoin.com! The only way out of this is with sound money, and financial responsibility, Swan Bitcoin is where you get both in one. 👏🏻 https://www.swanbitcoin.com?grsf=xngc0c And lastly don't forget you can be a member of the Cryptoconomy Crew by donating on the website (bottom of the page) or becoming a patron at Patreon.com/thecryptoconomy and help support the Audible of the Bitcoin space! --- Send in a voice message: https://anchor.fm/thecryptoconomy/message

"One of the biggest lies in recent times is that inflation is good and necessary for a healthy economy." - Mcfloogle

It was once understood that money was owned by the individual. Merely an extension of the value created in the past, the soundness of money could not be disconnected from the very right to life and property itself. A short but excellent blog post on this nature, and the consequences when it is lost to our society.  

Check out mcfloogle.com to check out the other great blog posts as well as the Rollo & Slappy podcast!
https://www.mcfloogle.com/2020/03/12/bitcoin-fulfills-the-promise-that-money-is-owned-by-everyone/

Support our awesome sponsor who makes this show possible!
SwanBitcoin.com, the best place in the world to start stacking sats. Auto DCA your Bitcoin savings and stack every week, paycheck, or month.👏🏻

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The team over at Kraken just dropped a fascinating report on “The Great Wealth Transfer” and what it means for Bitcoin. How, even holding all other things constant, we could see on the order of $1 Trillion move into the Bitcoin ecosystem. We bring Pete Rizzo on the show to talk all about it.

Follow Pete Rizzo below and check out the Kraken blog for more interesting research and posts on the Bitcoin ecosystem:
https://twitter.com/pete_rizzo_
https://blog.kraken.com/

Read the full report for the many amazing details, charts and metrics pulled together for establishing the argument.
https://blog.kraken.com/post/4313/how-the-great-wealth-transfer-could-give-bitcoin-a-1-trillion-boost/

A huge thanks to Swan Bitcoin for making it easy as 💩to auto-stack your sats! The best place to get your share of the 21 million, without having to stress about the price. SwanBitcoin.com!

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"It was a plea to all those that valued the fight for liberty and freedom. Outnumbered ten-to-one, Travis responded to a demand for surrender with a cannon shot."  - Parker Lewis

The 13th installment in the excellent Gradually, Then Suddenly series, from Parker Lewis and the Unchained Capital team. Bitcoin is a Rally Cry.
https://unchained-capital.com/blog/bitcoin-is-a-rally-cry/

There is no better time to start responsibly saving in Bitcoin than these volatile and uncertain times. And the best, and simplest way to do that is with SwanBitcoin.com!
https://www.swanbitcoin.com?grsf=fijswv

Other works you must explore:
Ethics of Money Production
The Road to Serfdom
The Use of Knowledge in Society [part 1]
The Use of Knowledge in Society [part 2]
Bitcoin Does Not Waste Energy

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"The Federal Reserve’s market operations are ramping up by the day, and it’s using more tools simultaneously to “fix” markets than ever before. So what are these tools and how is the Fed using them?" - Colin Harper

Wondering what is happening in the hurricane that is finance and finding it difficult to piece together all of the puzzle. You aren't alone. Colin Harper has a great new addition to Bitcoin Magazine to help make sense of all the jargon of Repo markets, interest rates, zero reserve, QE4 to infinity, and the rest. Don't miss it!

Link to the original article:
https://bitcoinmagazine.com/articles/zero-interest-limitless-repo-and-qe4-the-federal-reserves-market-operations-explained

Don't forget that SwanBitcoin.com is now live! Start stacking your sats now! Set a weekly, every paycheck, or every month purchase and even auto-withdrawal to your own keys! With Swan Bitcoin you'll never have to wonder again if you are stacking for the future, set it once and forget it.

Other great content I've enjoyed recently to dig further:

• Tales from the Crypt with Charles Marohn:
https://open.spotify.com/episode/3VE9cgPq32Ynd78rYDvfeA
• Swan Signal with Parker Lewis & Giacomo Zucco:
https://citizenbitcoin.world/episodes/giacomo-zucco-and-parker-lewis-on-swan-signal-live-By5ZBPnv
• Hayek's 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
Part 2: https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_251---Use-of-Knowledge-in-Society-Part-2---F--A--Hayek-e444k0
• On The Brink:
https://podcasts.apple.com/us/podcast/jurrien-timmer-fidelity-on-the-global-macro-landscape-ep-58/id1480586463?i=1000469486863

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COVID-19
Citadel Preparations
The Great Financial Unraveling
Scared of the virus or government?
Kill Your Heroes
Business as usual?

With a special social distancing edition of the Raleigh Meetup Podcast, we get a big crew together talking all about the current state of the world, our own adjustments to this new reality, and if Bitcoin ready for this!

Don't forget to subscribe to the Raleigh Bitcoin Meetup Podcast for the crazy shit we talk about every week!
https://anchor.fm/raleigh-bitcoin-meetup

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"I didn’t believe it when I first heard people saying that most crypto projects will fail.

Boy was I wrong." - @Vanalli

Take it from someone who has seen "Crypto" from the inside, searching for something of value, and coming up short. An excellent write up of an honest, unapologetic look at the sea of crypto crap, utility tokens, and pointless blockchain projects.  A clear demonstration of the "Everyone's a Scammer" rule in the Bitcoin space, Vanalli tells us what it was like working in Crypto for 2 years, and why he had to finally take the exit.

Dropped some applause for Matt at the original link below!
I Worked Full Time in Crypto for 2 Years, and Didn't Like What I Saw

A huge thanks to Swan Bitcoin, the best Bitcoin savings service out there, for supporting the Audible of the Bitcoin space! If you would like to support the show as well and hang out with the Crew in the Cryptoconomy Telegram, consider becoming a patron at:
patreon.com/thecryptoconomy

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"Make no mistake: the EARN IT Act is a vehicle to undermine end-to-end encryption." - Elliot Harmon

A very important episode on a topic that people need to be aware of. There is a bill in Congress, one of the continuous attempts for the past 25 or so years, that will create enormous collateral damage to our freedom of speech, and privacy online. Not to mention putting the many abuses of surveillances capitalism on steroids. An excellent article from the EFF breaks it all down.

"The price of liberty is eternal vigilance." - Thomas Jefferson

Please take just a moment and visit the original article to send a message to your representative. Ot might not make an enormous difference, but what do they do if they hear from no one? Support the EFF for fighting the good fight for online security and free speech!
https://www.eff.org/deeplinks/2020/03/graham-blumenthal-bill-attack-online-speech-and-security
Take Action: https://act.eff.org/action/protect-our-speech-and-security-online-reject-the-graham-blumenthal-bill

Another great article from BitcoinMagazine giving more insight into the problem written by Dave Hollerith:
https://bitcoinmagazine.com/articles/earn-it-the-us-anti-encryption-bill-that-threatens-private-speech-online

Swan Bitcoin is almost live! They are the best place to DCA your sat stacking! A Bitcoin-only company built by true Bitcoiners. You'll get $5 free sats by using the referral below as well as sending $5 to the show!
https://www.swanbitcoin.com?grsf=fijswv

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"Keeping the Bitcoin network private can be thought of as an act of unity by Bitcoiners in America to help keep the network useful for Bitcoiners in Venezuela and Hong Kong — indeed, around the world." - Sasha Hodder & Rafael Yakobi

An article from Bitcoin Magazine diving into the difficult and often onerous regulations around money transmission and the consequences for both the entire industry, and the dangers it presents for individual privacy. An excellent op-ed from Sasha Hodder, and Rafael Yakobi.

Link to the original article on BitcoinMagazine.com:
https://bitcoinmagazine.com/articles/bitcoin-fungibility-mixing-and-the-legal-limits-on-maintaining-privacy

Mentioned in the commentary to explore the ideas further:
https://www.youtube.com/watch?v=msQ_khFmKtU

A huge thanks to both Swan Bitcoin, the best place for an easy DCA bitcoin savings plan, and the LTB Network for supporting the Audible of the Bitcoin space.

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"Every single co in the industry invested badly at the same time... every single competitor made the exact same mistake, in the same direction." - Caitlin Long

If you missed the epic Twitter Thread from Caitlin Long on the state of the global financial markets, and how we managed to find ourselves in such a disastrous, then worry no longer. Now Audible, followed by Guy's commentary on the concepts she outlines, her excellent episode on Pompliano's show, and on the fundamental economics that had gone awry to bring us to this ultimate end.

Link to the original thread below:
https://twitter.com/CaitlinLong_/status/1238915150368792576

Don't forget to follow Caitlin on Twitter as well as Avanti Bank & Trust so you don't miss the incredible work toward building a foundation to replace the old, broken system:
https://twitter.com/AvantiBT

Check out the episode with Pomp to hear her expand on these ideas:
https://open.spotify.com/episode/2SHS4ZaPoBRK3tYuxRS56U

Previous reads mentioned in the commentary that will help shine a light on the fundamental economics being violated by our central banking system.
• Use of Knowledge in Society by Hayek
Part 1: https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_250---Use-of-Knowledge-in-Society-Part-1---F--A--Hayek-e43pfj
Part 2: https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_251---Use-of-Knowledge-in-Society-Part-2---F--A--Hayek-e444k0
• Distrust in Lebanese Banks Spurs Bitcoin Boom by Timour Azhari
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_360---Distrust-in-Lebanese-Banks-Spurs-Bitcoin-Boom-Timour-Azhari-eb6val

A huge thank you to Swan Bitcoin ❤️for supporting the Audible of the Bitcoin space!

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What happens when you get Swan Signal hosting a conversation with Brady Swenson, myself, DerGigi, Yan Pritzker, Friar Hass, John Vallis, & Cory Klippsten on the state of the legacy & Bitcoin markets, corona virus, remote work, education, the halving, and where we might go from here?
This episode is what happens. A great chat you don't want to miss!

Check out Swan Signal for other great Bitcoin focused content!
https://www.swanbitcoin.com/signal

@CitizenBitcoin
@dergigi
@FriarHass
@johnkvallis
@skwp
@coryklippsten

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I feel like we just got to live through an old piece of history all over again ... so I'll share my rendition of it.
https://bitcointalk.org/index.php?topic=375643.0

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"Not too many years from now, the number of Bitcoiners in the United States of America will cross ten million.  When we hit that milestone, it’s game over: Bitcoin wins..." - Cory Klippsten

Diving into our first read from the Swan Bitcoin blog by their CEO Cory Klippsten, we explore the simple, but powerful idea of the Intransigent Minority. Laid out in Nassim Taleb's book "Skin in the Game" the intransigent minority is the target for the number of Bitcoiners that would be needed to reach the point of no return. What might that number be, and how do we get there? Listen to a short, fun read on building the intransigent minority.

This episode is actually sponsored by none other than Swan Bitcoin! (fyi, this was already in my reading list & they didn't know 😆)
If you want to show thanks for their support of the Audible of the Bitcoin space, plus get $5 free of the hardest money on earth, use my referral link to sign up at SwanBitcoin.com! Show them that Swann comes with 2 n's baby!
https://www.swanbitcoin.com?grsf=fijswv

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"We, Bitcoiners, are all dissidents in the Old World of trusted third parties. [...] Laws of nature that are higher than man-made laws, being enforced by mathematics, have begun to reorganize a society."  - Nozomi Hayase

Bitcoin isn't merely a new money, it's a radical departure from the systems of trust. It founds a new system where incentives align in a beautiful design to enforce cooperation through the independent self-interest of opposing parties.  As a technology of dissent, it doesn't allow us merely to protest the old system's of control, but instead gives us an avenue to opt out altogether.

Bitcoin Is The Technology Of Dissent That Secures Individual Liberties:
https://bitcoinmagazine.com/articles/bitcoin-is-the-technology-of-dissent-that-secures-individual-liberties

Check out the other work produced by Nozomi, and follow her on social media:
https://bitcoinmagazine.com/authors/nozomi-hayase

Previous episodes mentioned in the commentary:
• The Crypto Anarchist Manifesto - https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_300-----The-Crypto-Anarchist-Manifesto-Timothy-C--May-e5p7j4

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“Bitcoin can’t be a little bit censorship resistant in the same way that you can’t be a little bit pregnant.” - Parker Lewis. Continuing the Gradually then Suddenly series from Parker Lewis with another excellent installment: Bitcoin is Not for Criminals. Check out the original at the amazing blog provided by Unchained Capital: https://unchained-capital.com/blog/bitcoin-is-not-for-criminals/ --- Send in a voice message: https://anchor.fm/thecryptoconomy/message

1 • Why has the Corona Virus been upgraded from a significant healthcare problem, to a global economic catastrophe?
2 • What would be Guy's strategy as a Destroyer of Economies?
3 • Bitcoin Fixes this

What I hope to be a fun Guy's rant on why Corona is a huge problem not because of the virus itself, but because of a terribly unprepared economy, and how I might go about laying the groundwork for any natural disaster to cause the most damage and lay waste to as much economic activity as possible.  Find out how in today's Guy's Take.

Francisco D'Anconia's Money Speech from Atlas Shrugged:
https://www.youtube.com/watch?v=u-T0ey0IKDA

Don't forget to get your Bitcoin2020 Tickets! See you guys at the biggest Bitcoin conference of the year!
Bitcoin2020conference.com

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"devising a scheme that handles both messaging and payments under one roof could be a killer app" - Colin Harper

As part of Bitcoin Magazine's excellent set of articles on "The Technology of Dissent," we get a great piece by Colin Harper on the state of encrypted messaging over the Lightning Network. With both Shpinx and Whatsat using separate mechanisms for establishing a private, censorship resistant, decentralized messaging platform, could the combination of encrypted messaging and payments be a killer app for Lightning? Listen to today's episode to find out!

The original article here!
https://bitcoinmagazine.com/articles/how-the-lighting-network-could-improve-encrypted-messaging

The other great recent selection from Bitcoin Magazine:
https://bitcoinmagazine.com/issue/bitcoin-through-dissident-technology

The Guy's Take where I dive into the encrypted messaging App I want to use:
https://anchor.fm/thecryptoconomy/episodes/GuysTake_002---The-Lightning-App-I-Want-to-Use-e2ndp6

Don't forget to subscribe and share the show out with all of your friends in Bitcoin!
https://anchor.fm/thecryptoconomy/

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"To fully understand any organism, we must not only look at the organism itself, but examine the organism-environment holistically." - Gigi

If Bitcoin is a new organism, then where exactly does it live? Is it in cyberspace, the human realm, in financial markets and value… or all 3? Find out in Gigi’s excellent new piece on the Habitats of Bitcoin.

Bitcoin Habitats by @Dergigi:
https://medium.com/@dergigi/bitcoins-habitats-9ce3064bd3a7

Recommended Further Reading:
Proof of Life - Why Bitcoin is a Living Organism by Gigi
🎧• https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_285---Proof-of-Life-dergigi-e51lt1
The Sovereign Individual by James Dale Davidson and William Rees-Mogg
🎧• https://www.audible.com/pd/The-Sovereign-Individual-Audiobook/1797103385?qid=1583275273&sr=1-1&ref=a_search_c3_lProduct_1_1&pf_rd_p=e81b7c27-6880-467a-b5a7-13cef5d729fe&pf_rd_r=3VY4T21FG3XNYQ1RGENK

Become a patron below to support the project of making all the best in Bitcoin Audible! Plus get access to the Cryptoconomy Telegram and hang out with a bunch of veteran Bitcoiners!
patreon.com/thecryptoconomy

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"A volatile currency for volatile times" - Timour Azhari

When the banks become the volatile alternative, when your rights and control over what's in "your" bank account are a fleeting daydream, when the banks abuse your trust, take your money, and then try to sell it back to you; a volatile, independent, decentralized digital money, becomes that very thing that "puts your mind at ease." Everything is relative, and the world is an increasingly volatile place.  Don't miss this one!

Link to the original article by Timour, plus don't forget to check out the author on Twitter for more great stuff like this one!
https://www.aljazeera.com/ajimpact/distrust-lebanese-banks-spurs-bitcoin-boom-200224202742678.html

And don't forget to get one of the best journeys through understanding and exploring the Bitcoin life form, in Knut Svanholm's "Sovereignty Through Mathematics."  It starts on Read_308 and continues in 5 parts, thanks to Knut for making it free to everyone who listens to this show!
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_308---Sovereignty-Through-Mathematics---Part-1-Knut-Svanholm-e7tak7

And you can also support the show by purchasing it on Audible.com in the full unabridged, uninterrupted audiobook!
https://www.audible.com/pd/Bitcoin-Audiobook/B083SMKYVC?qid=1583178204&sr=1-1&ref=a_search_c3_lProduct_1_1&pf_rd_p=e81b7c27-6880-467a-b5a7-13cef5d729fe&pf_rd_r=T0P5FPPGE8JX6NMPH5YX

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Microsoft has a history of funding and developing with open source systems, and has started a new project called ION, trying to make a universal, decentralized system secured by Bitcoin, for managing and proving identities available to the globe. What are the goals and mindset behind this project, and how is Microsoft planning for its future, and the future of the Bitcoin ecosystem? Find out in today's article by Colin Harper discussing the ION system with Daniel Buchner, the project lead!

Another of the constantly amazing content available thanks to the team at Bitcoin Magazine! Check out Colin's previous article getting into details of how the ION system will work.
https://bitcoinmagazine.com/articles/microsoft-building-id-verification-platform-bitcoin

A huge thanks to the LTB Network for partnering with the show and helping to get the Audible of Bitcoin to everyone!
https://letstalkbitcoin.com/

Support the show by becoming a patron and get access to the Cryptoconomy Telegram Crew!
patreon.com/thecryptconomy

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Is the blockchain a critical tool that creates the power behind Bitcoin, or is it a wasteful and unavoidable byproduct, an exhaust, of the system that secures the most sound money in the world?

This was a fascinating Twitter thread by Udi Wertheimer that explores what I find to be an interesting perspective on the role that "the blockchain" plays in the Bitcoin network. With added input and contrarian opinions from Eric Wall, Meni Rosenfeld, Adam Back, & Justin Moon, we take a short episode to expand on a unique idea.

The Original Thread:
https://twitter.com/udiWertheimer/status/1087142827346354177
https://twitter.com/adam3us/status/1087315014812348417?s=20
https://twitter.com/MeniRosenfeld/status/1087663298944864256?s=20

Other works mentioned that will shed light on these ideas:
Parker Lewis's "Bitcoin Cannot be Copied":
• https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_291---Bitcoin-Cant-Be-Copied-Parker-Lewis-e58g11
Nick Szabo's "Money, Blockchains, and Social Scalability":
• https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_066---Money--Blockchains--and-Social-Scalability-e2ndsj

Help keep the project alive by becoming a patron! Plus join the Cryptoconomy Telelgram Crew!
patreon.com/thecryptoconomy
thecryptoconomy.com

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"If you ask me how much trust is right for the Lightning economy, the answer will always be less." - Roy Sheinfeld

Today we dig into the recently implemented reverse submarine swaps in the breez lightning service.  One of the many tools we have for both mitigating, and also building trust in the new economy. How exactly do submarine swaps work, what's a HODL invoice, what might they mean for the future of Lightning, and how is Breez using them?  All this any more in today's article by Roy Sheinfeld!

Check out the original below and be sure to drop some claps over at Medium:
https://medium.com/breez-technology/reverse-submarine-swaps-another-step-towards-a-p2p-lightning-economy-bacb040fdca7

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Today I get hyped with ck_SNARKs of BTCMedia and have the opportunity to pick his brain for all the exciting stuff happening at the Bitcoin2020 conference in San Fran! With only a month left its time to get serious about it. Stay to the end if you want to hear how you might save some sats on your tickets!

Follow CK on Twitter so you don't miss the announcements and incredible things happening with the BTCMedia gang!
https://twitter.com/ck_SNARKs

Don't forget to check out the episodes with BitcoinTINA for "How to Think About Investing in Bitcoin"
Part 1: https://podcasts.apple.com/us/podcast/bitcoin-magazine/id1459884105?i=1000464887385
Part 2: https://podcasts.apple.com/us/podcast/bitcoin-magazine/id1459884105?i=1000465558525
Part 3: https://podcasts.apple.com/us/podcast/bitcoin-magazine/id1459884105?i=1000466261125

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"By design, Bitcoin exists beyond governments. [...] The architecture of bitcoin is practically purpose-built to resist and immunize any attempts by governments to ban it." - @parkeralewis

The next in the Gradually, Then Suddenly series not to be missed. Governments will not ban Bitcoin until it's apparent that it actually presents a threat to their own currencies, when that happens and under that pretense, they will face the ultimate Prisoner's Dilemma, & the only winning move is to play.

Link to the original article at Unchained Capital along with the rest in this incredible series by Parker Lewis!
https://unchained-capital.com/blog/bitcoin-cannot-be-banned/

Don't forget to subscribe and support the Audible of the Bitcoin space! You can do so through tippin.me on Twitter, or becoming a patron below!
patreon.com/thecryptoconomy

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"Decentralization has [...] been a vessel for achieving a concession from a centralized body it is protesting. Every decentralization play has followed a simple pattern: protest a market inefficiency, win that protest via a major concession, and then disappear back to fringes of society." - Brandon Arvanaghi

What can we learn from the history of decentralized protocols and the huge battles of history during the disruption of the internet, versus the corporate and media giants of the day? Does it spell doom for Bitcoin and decentralized systems as the central banks & financial giants concede to give control back to the customer? Or is there something else entirely at play? Don't miss this great read and then Guy's Take on how Decentralization Dies!

Don't forget to drop some applause on the original article and follow Brandon on twitter for more insights like this one!
https://medium.com/@brandonarvanaghi/how-decentralization-dies-the-killer-concessions-86dd1ca86da3
https://twitter.com/arvanaghi

A huge thank you to all of my patrons for contributing to this project and helping to promote this show! I couldn't do it without you. A special thanks to SovereignFinancials for such a generous donation!

Join the crew and become a patron at Patreon.com/thecryptoconomy

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"Bitcoin is a movement founded on individual monetary sovereignty, transparency and peer-to-peer auditability enabled by a breakthrough in technology. [...] The technology to provide auditability and transparency for bitcoin held in custody has been inherent to the protocol from its inception. However, the industry has been slow to incorporate"  -Mauricio Di Bartolomeo

Bitcoin, as a new asset class, provides us with one of the most powerful tools for financial security in a custodial context: cryptographic proofs of reserve. We would be foolish to not make use of it. Let us not repeat the mistakes of the past.

Another great piece from Bitcoin Magazine to shine light on a critical issue for a future with sustainable sound money. Don't miss the short article and Guy's take to follow! Link to the original below:
https://bitcoinmagazine.com/articles/why-proof-of-reserves-is-important-to-bitcoin

A huge thanks to the LTBNetwork. Don't forget to check out the tons of other great shows on their platform!

Other's mentioned in the show:
2019 Saw the Most Exchange Hacks Ever:
https://bitcoinmagazine.com/articles/2019-saw-most-exchange-attacks-ever-with-hackers-becoming-more-savvy
Nic Carter's Tweets on PoR
https://twitter.com/nic__carter/status/1229599601440829440?s=20

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I had an awesome time the other day with Daniel Prince on the new Once BITten Podcast. Diving into some of my own personal history with Bitcoin, what led me here, and the major changes I think we will see in the world over the next couple of decades. This was a really fun conversation and I think you guys will enjoy it. I was Once BITten, & here's my story.

Don't forget to check out Daniel's new podcast, and the episode we mentioned where he spoke with Bruce about the best podcasts in the space, and the always bullish and existential DerGigi!
https://anchor.fm/daniel-prince6/episodes/Forget-The-Oscars---Bitcoinwalking-Steps-Up-To-Award-The-Best-Bitcoin-Podcasts-eaodip
https://anchor.fm/daniel-prince6/episodes/Bitcoin-Is-A-Harsh-Mistress-eapg7e

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