Month: June 2019

A Man Warned is Half Saved

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

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Richard Myers and a Lightning Powered Global Mesh

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

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

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

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How is Fiat Money Possible – Parts 1-3

“Fiat money is the term for a medium of exchange which is neither a commercial commodity, a consumer, or a producer good, nor title to any such commodity: i.e., irredeemable paper money.”

Continuing from yesterday’s episode with Part 2 of our journey through Hoppe’s amazing piece on the nature and origins of the fiat money system. Could such a system ever work in a competitive market, or are there extremely specific conditions and legal restrictions which make the contradiction of irredeemable paper money, temporarily sustainable? Listen to find out.
“How is Fiat Money Possible.” Don’t forget to check out the vast collection of knowledge at Mises.org for this work and many more like it.

Today we reach the conclusion of Hoppe’s incredible piece on the nature of fractional reserve banking and the contradictions of fiat money. With the final section, “From Deposit & Loan Banking to Fractional Reserve: The Devolution of Credit.” Plus a really fun discussion as a follow-up to the entire, 3 part work. “How is Fiat Money Possible.” There is no place like Mises.org. Don’t forget to check out the vast collection of knowledge and information made available for free over at the Mises Institute!

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Bitcoin & Software Reliability

“‘Break stuff’ in that context means ‘Kill People.’  The software simply must work every time, no compromise, no guesswork, no exceptions. There are no ‘do overs’ or roll-backs.”

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The Bcash 51% Attack

In a crazy conversation from last night’s meet-up, I learned of discussion of a purposeful re-org, a 51% attack, on the #BCH chain by 2 miners. After a few hours scrambling to pull details together this morning, this is what I’ve discovered so far. Don’t miss this Guy’s Take episode all about the #Bcash 51% attack!

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

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

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A Story About Booms & Busts

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

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Lightning at the End of the Tunnel

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

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Erlay, Dandelion, & BitcoinOps

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

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