Guy’s Take #35 – The Next Domino…
We may have just seen the beginnings of central banks entering the Bitcoin game theory. The game is about to get real.
Read MoreMonth: October 2020
Bitcoin and the Rhythms of History
“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
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The Last Word on Bitcoin’s Energy Consumption
“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
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Lies, Deception, & Unnatural Money
“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
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How Will Bitcoin Lead to More Freedom
“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
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Dawn of the Age of Bitcoin with Erik Cason
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.
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Multisig Appreciation Day
“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
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Getting Lightning Ready for Global Takeover
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!
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TAPROOT IS MERGED!!
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.
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Deeper Down the Rabbit Hole
“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?
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