Read_671 – Greenpeace Attacks Only Galvanize Bitcoiners [Daniel Batten]

“They will come to understand that Bitcoin is hope for non-violent revolutionaries in the environmental movement who seek to end the petrodollar, usher in a world that is not based on the excessive consumption that inflationary (fiat) currencies incentivize, stabilize the intermittency of renewable energy, find a home for new solar and wind on the grid and mitigate methane that would otherwise have become atmosphere-borne and contributed to climate change.” – Daniel Batten

Today we dive into a piece by Daniel Batten showing the power and momentum of the grassroots Bitcoin movement and how it is galvanizing a defense against the ESG misinformation being spread by scammers and political profiteers. Greenpeace decided they were going to “change the code,” but it hasn’t worked out so well. Daniel breaks down why. Don’t miss this fun article at Bitcoin Magazine.

Check out the original article plus tons of other great news and articles at Bitcoin Magazine:
https://bitcoinmagazine.com/culture/greenpeace-environment-attacks-help-bitcoin

You can find the book mentioned in the commentary as well as a link to Nic Carter’s Annotated WH Report below:
https://www.amazon.com/s?k=unsettled+steven+koonin&crid=2GCXRQ3ZYCIHQ&sprefix=unsettled%2Caps%2C102
https://niccarter.info/wp-content/uploads/09-2022-Crypto-Assets-and-Climate-Report_nc_annotated_091522.pdf

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———————–

“It is no coincidence that the century of total war coincided with the century of central banking.”  
― Ron Paul
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Read_670 – Capital Misallocation, Bitcoin Fixes this – Part 2 [Steven Lubka]

“The creation of new money by insiders debases the savings ability of the existing money. It is critically important for money to maintain value, as it reflects work which was performed but not redeemed for goods and services. Is the value of your forty hour work week last month suddenly not worth as much because some feckless bureaucrat decided to fire up the money printer? Not in a system that has any integrity. It is important for work to be redeemable at the value that was assigned to it when it was performed.” – Steven Lubka

Concluding today the second half of the amazing “Capital Misallocation: Bitcoin Fixes This” by Steven Lubka from Swan Bitcoin. If you want to understand the role of money and how it enables the economic machine to produce spontaneous order, then you don’t want to miss this read & Guy’s Take…

Mentioned in the commentary, a phenomenal read for understanding the infinite complexity of the market is “I, Pencil” by Leonard Reed: https://open.spotify.com/episode/3nXKaUt2UvTYqCQHnTBFDy?si=63fb390e40fe420e

Check out the original at the link below, as well as the last piece Steven wrote we covered on this show:
https://www.swanbitcoin.com/capital-misallocation-bitcoin-fixes-this/
Read_643 – Bitcoin & The True Meaning of Inflation: https://open.spotify.com/episode/2JKjejgGp66xtEPqsGPzW4?si=KFVs1SJrQUiHE2BO7-lsUg

Check out our amazing sponsors and the products that Guy uses most in the space:
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• Join us and the Swan Bitcoin team at the Pacific Bitcoin Conference in November! Get your tickets now, 20% off with code BITCOINAUDIBLE (https://www.pacificbitcoin.com/)
• The best place to onboard a true Bitcoiner – Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (swanbitcoin.com/guy)
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———————–

“The case for individual freedom rests largely upon the recognition of the inevitable and universal ignorance of all of us concerning a great many of the factors on which the achievements of our ends and welfare depend.” – F.A. Hayek
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Read_669 – Capital Misallocation, Bitcoin Fixes this – Part 1 [Steven Lubka]

“Money facilities a system — the economy — that is too complex, too unpredictable and too uncertain to be modeled or reduced to neat quantifiable units. Expanding humanity’s productive resources — capital — requires the acceptance of complexity, uncertainty, unknowns and risk. It’s not a neat or tame process. It’s a wild one. It’s a gang of risk takers spelunking the caverns of the unknown with nothing except their intuitions about future preferences and knowledge of current problems to guide their descent into the uncertainty and the unknowable.” – Steven Lubka

Today we hit another amazing piece, diving into the first half with the second to come tomorrow, of Steven Lubka’s fantastic breakdown of the process of capital and the economy, and how prices and money are the guiding force, made parasitic and destructive through the control of prices and the act of money creation. An essay absolutely packed with knowledge, you don’t want to miss hearing how Bitcoin fixes this…

Check out the original at the link below, as well as the last piece Steven wrote we covered on this show:
https://www.swanbitcoin.com/capital-misallocation-bitcoin-fixes-this/
Read_643 – Bitcoin & The True Meaning of Inflation: https://open.spotify.com/episode/2JKjejgGp66xtEPqsGPzW4?si=KFVs1SJrQUiHE2BO7-lsUg

Check out our amazing sponsors and the products that Guy uses most in the space:
• Dive into the Bitcoin only wallet, the cypherpunk calculator, and a company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 5% off everything in the store! (guyswann.com/coldcard)
• Join us and the Swan Bitcoin team at the Pacific Bitcoin Conference in November! Get your tickets now, 20% off with code BITCOINAUDIBLE (https://www.pacificbitcoin.com/)
• The best place to onboard a true Bitcoiner – Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (swanbitcoin.com/guy)
• Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 5,000 FREE SATS at (guyswann.com/fold)

———————–

“The quantity of money available in the whole economy is always sufficient to secure for everybody all that money does and can do.” – Ludwig von Mises, Human Action
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Read_668 – Why Proof of Stake Wont be Used for Intergalactic First Contact [Buck Perley]

“A universal law can be understood to be an objective, observable, and eternal description of some facet of the universe. As such, they can be independently discovered by disparate societies living within the same universe as long as both societies are able to observe the same facets of that universe. It may not be known as Newton’s Law to the Nakamotans, but they will likely have discovered that “every particle attracts every other particle in the universe with a force that is directly proportional to the product of their masses and inversely proportional to the square of the distance between their centers.” – Buck Perley

Definitely listen or read the first three parts of the Bitcoin Astronomy series to get the full value out of this additional essay brought to us by Buck Perley at Unchained Capital. a Fourth installment discovering the fundamental truths of proof of stake vs proof of work and why only proof of work can bridge the trust gap between cultures and communities so far separated as different species spread out among the stars.

Bitcoin Astronomy Part I – https://open.spotify.com/episode/72lK4wERiLPtagHIT9v7OG?si=_SbJ0L4gQ3GjGltWBDCVDw
Bitcoin Astronomy Part II – https://open.spotify.com/episode/5vuZhpkGRJZMjHE4nnjRu1?si=F73oRkjfSTWS3NpRNLKIzA
Bitcoin Astronomy Part III – https://open.spotify.com/episode/4jTr1Nadq5dtiQUs7UvJzz?si=MFWvwY6ESqmAj7vj-vDO0A

Check out the original article at Unchained Capital below:
https://unchained.com/blog/bitcoin-astronomy-proof-of-stake/

Check out our amazing sponsors and the products that Guy uses most in the space:
• Join us and the Swan Bitcoin team at the Pacific Bitcoin Conference in November! Get your tickets now, 20% off with code BITCOINAUDIBLE (https://www.pacificbitcoin.com/)
• The best place to onboard a true Bitcoiner – Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (swanbitcoin.com/guy)
• Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 5,000 FREE SATS at (guyswann.com/fold)
• Dive into the Bitcoin only wallet, the cypherpunk calculator, and a company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 5% off everything in the store! (guyswann.com/coldcard)
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Read_667 – The Final Bubble is Bursting [Myrmikan Research]

“One might ask: if much of the U.K. pension money was about to vanish, where was it going? Partly to the bankers, of course, but mostly, as with any bubble, the value was simply illusory. In 2001, Argentina forced private pension funds to purchase $2.3 billion in government bonds so that the government could meet external debt Payments. The following day, the funds listed the bonds as an asset, but the value was already gone (Argentina would later confiscate the whole pension system officially). Western countries have done effectively the same thing, only with much more subtlety, without even the players knowing. The pension capital is gone, spent, consumed by the state, all that remains is the realization that it is gone.” – Daniel Oliver, Myrmikan Capital

Check out the original paper with some very eye opening charts to super charge the point made in this excellent work. Plus don’t forget to explore more from Myrmikan Research if this work is any indication of the work they publish:
https://www.myrmikan.com/pub/Myrmikan_Research_2022_10_18.pdf

Check out our amazing sponsors and the products that Guy uses most in the space:
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• Join us and the Swan Bitcoin team at the Pacific Bitcoin Conference in November! Get your tickets now, 20% off with code BITCOINAUDIBLE (https://www.pacificbitcoin.com/)
• The best place to onboard a true Bitcoiner – Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (swanbitcoin.com/guy)
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Read_Reboot – Wittgenstein’s Money [Allen Farrington]

“Imagine if all respectable business knowledge had been derived from studying large, established companies because there had never been a start-up in living memory. If a start-up then came along, people might well say, “that’s not a business because it doesn’t make a profit,” or, “that’s not a business because it doesn’t have a defined business plan.” Clearly, this would be ill-advised. That is not to say that their models and definitions would be perfectly wrong instead of perfectly right, but rather that things are not so binary. Reality is messy, and it is reality we should care about, not our theories of reality that, it turns out, have never really been tested …” – Allen Farrington

Today we reboot an old favorite of mine from 200 episodes ago on the semantic failures of our modern, commonly understood definition of money. Another of the amazing chapters from the book by Sacha Meyers and Allen Farrington, Bitcoin is Venice. Below I have the Guy’s Take I did as a follow up to this read originally, as well as the original article and link to the book.

Guy’s Take #40 on Wittgenstein’s Money – https://open.spotify.com/episode/4iV3dHews5xH1HUO9h96Nw?si=0a5cf00632d243e8
Bitcoin is Venice – https://www.amazon.com/Bitcoin-Venice-Essays-Future-Capitalism/dp/B09TTTGT11/

Check out our amazing sponsors and the products that Guy uses most in the space:
• Join us and the Swan Bitcoin team at the Pacific Bitcoin Conference in November! Get your tickets now, 20% off with code BITCOINAUDIBLE (https://www.pacificbitcoin.com/)
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• Dive into the Bitcoin only wallet, the cypherpunk calculator, and a company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 5% off everything in the store! (guyswann.com/coldcard)
• Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 5,000 FREE SATS at (guyswann.com/fold)
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Read_666 – Debunking the ESG Attacks on Bitcoin [Spencer Nichols]

“While Bitcoin does not litigate the ethics of hydrocarbon production, it is not controversial to point out that the dollar, in that it is sustained by the continuation of the US military-industrial complex (the single largest consumer of oil in the world), carries an incomparably greater carbon footprint than the Bitcoin network will ever begin to approach. All this, while generating abhorrent negative externalities, among which are the countless lives lost to conflict and the inherently political nature of money controlled by a singular geopolitical hegemon.” – Spencer Nichols

It’s time to read another piece that soundly smashes the uninformed ESG narratives attacking Bitcoin. Its hard to fathom the degree of intellectual laziness from some of these publications and “experts,” but nonetheless its all there for us to witness. Spencer does a great job in tearing it down by hitting a strong foundation on how we got here from the fundamentals of monetary history, and then goes through the major misconceptions touted by the establishment. Don’t miss this one!

Check out the original article at the link below:
https://bitcoinmagazine.com/print/how-to-guide-debunking-esg

Check out our amazing sponsors and the products that Guy uses most in the space:
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• Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 5,000 FREE SATS at (guyswann.com/fold)
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Read_665 – The Nature of Man, Proclaim Your Bitcoin Part 1 [Simply Bitcoin]

“to survive and prosper in this world, man can either make the things he needs and wants, or he can take them. This was true thousands of years ago and it is true today. To use a modern linguistic framing of this notion; man can either perform work to satisfy his wants and needs, or perform theft to satisfy his wants and needs. There are no two ways about this. Either put in the work to build something, or figure out a way to steal someone’s work.” – Simply Bitcoin

From the Simply Bitcoin substack we read the opening of the “Proclaim Your Bitcoin” Series. On the nature of man, our unalienable rights, how they have been violated through a corrupt monetary system, and why we proclaim our right to opt out.

Check out the original article at:
https://simplybitcoin.substack.com/p/proclaim-your-bitcoin-part-one?sd=pf

Noted links from the read:
The Price of Tomorrow: https://thepriceoftomorrow.com/
The Fiat Standard: https://saifedean.com/the-fiat-standard/

Check out our amazing sponsors and the products that Guy uses most in the space:
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• Join us and the Swan Bitcoin team at the Pacific Bitcoin Conference in November! Get your tickets now, 20% off with code BITCOINAUDIBLE (https://www.pacificbitcoin.com/)
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Read_664 – Bitcoin Astronomy, The Third Law – Part 2 [Dhruv Bansal]

“But if technological civilizations are more common, then we must resolve the Fermi Paradox in a different way. We know that any “solution” is really an a reflection in the mirror of universality, an interpretation of humanity’s future based on what one believes about the present. With this understanding, and with many speculations about the Laws of Bitcoin Astronomy and alien blockchains behind us, we propose a new solution to the Fermi Paradox (a member of the “they’re waiting for our signal” family): we haven’t detected alien civilizations because we only just built bitcoin.” – Dhruv Bansal

Today we conclude the fascinating Bitcoin Astronomy Series with the second half of Part 3, The Third Law of Bitcoin Astronomy. Below is the LINK TO THE FIRST HALF IF YOU MISSED IT! You will likely have no idea what is going on otherwise. Also links to Parts I and II of the series are below as we extend the concepts of the Hash Horizon and the scale of blockchains needed to bridge a civilization that spans a solar system and beyond. With that, let’s dive back into The Third Law…

LISTEN TO THE FIRST HALF: https://open.spotify.com/episode/4jTr1Nadq5dtiQUs7UvJzz?si=4f11eb77e58e4ff5

Links to the original article at the Unchained Capital blog as well as the first 2 parts below:
Part I: https://open.spotify.com/episode/4F9cNWswfA0MifloQsIo8R?si=d87751e8ad864e1b
Part II: https://open.spotify.com/episode/3uKiXD8MZImtGUhJBkpzHg?si=75e370306bef4d8f
Part III: https://unchained.com/blog/bitcoin-astronomy-part-iii/

A few other great works mentioned in the Guy’s Take:
Quittem’s Bitcoin is a Pioneer Species: https://open.spotify.com/episode/0n4BDOodSPaIB5HpksnJOT?si=7b9ff43f66ed4953
Bitcoin is Element Zero by Ioni Appelberg: https://www.youtube.com/watch?v=12zBLvoVRFQ&t=0s

Check out our amazing sponsors and the products that Guy uses most in the space:
• Join us and the Swan Bitcoin team at the Pacific Bitcoin Conference in November! Get your tickets now, 20% off with code BITCOINAUDIBLE (https://www.pacificbitcoin.com/)
• The best place to onboard a true Bitcoiner – Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (swanbitcoin.com/guy)
• Dive into the Bitcoin only wallet, the cypherpunk calculator, and a company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 5% off everything in the store! (guyswann.com/coldcard)
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Read_663 – Bitcoin Astronomy, The Third Law – Part 1 [Dhruv Bansal]

“Astrobiologists increasingly believe that conditions are frequently right for life. Hydrogen, oxygen, carbon and the life-sustaining molecules they form are the most common substances in the universe and we know there are millions, potentially billions, of rocky planets just like Earth orbiting stars just like our Sun in our galaxy alone.” – Dhruv Bansal

Today we dive into an often requested series that I have been waiting to get back into for some time, the Bitcoin Astronomy Series! Today we hit the first half of Part 3, The Third Law of Bitcoin Astronomy by the always thought provoking author Dhruv Bansal. Links to Parts I and II are below as we extend the concepts of the Hash Horizon and the scale of blockchains needed to bridge a civilization that spans a solar system and beyond. In Part III, we explore the possibilities of a first encounter with the blockchains of an alien civilization…

Links to the original article at the Unchained Capital blog as well as the first 2 parts below:
Part I: https://open.spotify.com/episode/4F9cNWswfA0MifloQsIo8R?si=d87751e8ad864e1b
Part II: https://open.spotify.com/episode/3uKiXD8MZImtGUhJBkpzHg?si=75e370306bef4d8f
Part III: https://unchained.com/blog/bitcoin-astronomy-part-iii/

A few other great works mentioned in the Guy’s Take:
Quittem’s Bitcoin Mycelium Series: https://open.spotify.com/episode/7wGmCoQ6Z1ZpeP7ruZKPgV?si=4d87320166974b43
Bitcoin is Element Zero by Ioni Appelberg: https://www.youtube.com/watch?v=12zBLvoVRFQ&t=0s

Check out our amazing sponsors and the products that Guy uses most in the space:
• Dive into the Bitcoin only wallet, the cypherpunk calculator, and a company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 5% off everything in the store! (guyswann.com/coldcard)
• Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 5,000 FREE SATS at (guyswann.com/fold)
• COME HANG OUT! Join us and the Swan Bitcoin team at the Pacific Bitcoin Conference in November! Get your tickets now, 10% off with code BITOCINAUDIBLE (https://www.pacificbitcoin.com/)
• The best place to onboard a true Bitcoiner – Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (swanbitcoin.com/guy)
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Guy’s Take_060 – Digital Money

Today we explore a highly earned Guy’s Take for Dergigi’s “Bitcoin is Digital Scarcity” as well as using a core part of his framing to make sense of a few fundamental ideas behind Bitcoin. Recently as well I continue to run into the question, what is Bitcoin backed by? And I think this misses the entire point of why our virtual monies today need to be “backed” by something else, and why Bitcoin is different. So let’s dive in…

Don’t forget to check out the episodes and reads mentioned in this Guy’s Take at the links below:
Dergigi’s “Bitcoin is Digital Scarcity”
Trent’s “Five Examples of Bitcoin’s Real World Utility”
Nick Szabo’s “Shelling Out – The Origins of Money”

Check out our amazing sponsors and the products that Guy uses most in the space:
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Read_662 – Wrestling With the Truth [Allen Farrington & Sacha Meyers]

“The power of prices is the process of dynamic discovery that underpins their emergence, not the fleeting consensus of a specific moment in time. The price is never right, but prices are as right as can be hoped for at that moment. Attempts to coerce prices without the ability to change the reality they communicate are, therefore, bound to run into trouble. And yet we do not seem capable of accepting the truth of prices whenever it is inconvenient. To ensure that consensus can arrive at valid social truths, we require systems or institutions that withstand attempts at coercion and which tap into decentralized discovery.
Martial arts are a fitting case study, and an encouraging allegory for all that follows. A few decades ago, they were under the grip of bullshitting coercion. Today, they are thriving under a marketplace of ideas.” – Allen & Sacha

In another piece from Bitcoin Magazine and returning authors Allen Farrington & Sacha Meyers we get an exploration of the mixed martial arts and how in recent decades it has been thrust into a world of discovery and competition. No longer constrained by the strict rules of authority and claims of superiority, but open to a marketplace of ideas where the truth is verified, not trusted. One of the amazing pieces from the book by the same authors, a must have for every Bitcoiner, Bitcoin is Venice.

Find the original article and numerous other amazing works both from these authors and at Bitcoin Magazine at the link below:
https://bitcoinmagazine.com/culture/bitcoin-and-the-truth-of-mixed-martial-arts

Check out our amazing sponsors and the products that Guy uses most in the space:
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• Dive into the Bitcoin only wallet, the cypherpunk calculator, and a company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 5% off everything in the store! (guyswann.com/coldcard)
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