February 2021 – Bitcoin Audible

Read_499 – The Bitcoin Black Hole Effect [William Clemente]

“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

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)
LVL.co – The first Free, no-fee exchange & Bitcoin banking services! (guyswann.com/lvl)

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Read_498 – Can Governments Stop Bitcoin? [Alex Gladstein]

“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

And to our 2 other wonderful sponsors:
BitBox – Minimal, user friendly, secure, Swiss made, open source, hardware wallet (guyswann.com/BitBox)
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Chat #57 – Bitcoin History with Peter Todd, Brady Swenson, & Guy Swann on Swan Signal Live

“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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Read_497 – Bitcoin is Venice [Allen Farrington]

“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

A huge Thank You to the Bitcoin Audible Sponsors:
BitBox – Minimal, user friendly, secure, Swiss made, open source, hardware wallet (guyswann.com/BitBox)
LVL.co – The first Free, no-fee exchange & Bitcoin banking services! (guyswann.com/lvl)

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Read_496 – Stocks Don’t Truly Discover Price, Bitcoin Fixes This [Casey]

“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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Read_495 – An Economic Analysis of Ethereum [Lyn Alden]

“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/
A huge Thank You to the Bitcoin Audible Sponsors:
BitBox – Minimal, user friendly, secure, Swiss made, open source, hardware wallet (guyswann.com/BitBox)
LVL.co – The first Free, no-fee exchange & Bitcoin banking services! (guyswann.com/lvl)

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Read_494 – Lightning Economics: Learning to Love Inbound Liquidity [Roy Sheinfeld]

“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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Read_493 – Asset DNA, Explaining Bitcoin’s Speculative Attack [Croesus]

“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!

Don’t forget our lovely sponsors & their phenomenal products:
BitBox – Minimal, user friendly, secure, Swiss made, open source, hardware wallet (guyswann.com/BitBox)
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Guy’s Take_042 – Bitcoin’s Second Chapter Begins

“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!

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Read_492 – What I Really Think of Bitcoin [Ray Dalio]

“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

Don’t forget to check out our awesome sponsors below:
BitBox – Minimal, user friendly, secure, Swiss made, open source, hardware wallet (guyswann.com/BitBox)
LVL.co – The first Free, no-fee exchange & Bitcoin banking services! (guyswann.com/lvl)

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Read_491 – Bitcoin Astronomy – The Second Law [Dhruv Bansal]

“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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http://swanbitcoin.com/guy

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Read_Reboot – Bitcoin Astronomy #1 [Dhruv Bansal]

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:
http://swanbitcoin.com/guy

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Month: February 2021