Read_539 – The Theological Conquest of Money [Erik Cason]
“Bitcoin over the last ten years has create a single global movement that is loyal to no nation-state, no government, no military anywhere on the planet; but towards an ethics of a commonality of wealth. Through the radical protection cryptography offers to this new form of property found within bitcoin, the bonds of a new commonwealth have been formed.” – Erik Cason
Another great piece from cypherpunk extraordinaire, Erik Cason. On the theological idea of money, the manifestation & understanding of human liberty external to the state apparatus, & how Bitcoin changes the nature of political law, forever. Get ready, the rabbit hole is about to get crazy.
Dont’ forget to check out tons of other great works at BitcoinAudible.com! Search the library for any topic or work you would like to hear, including other great pieces from Erik Cason.
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Guy’s Take_048 – But Hoarding Money Destroys the Economy!…
We’ve all heard the criticism, sound money can’t work because people will simply “hoard it.” Obviously, per the Keynesians’ demands, it is critical that we incentivize consumption and investment or the economy will fall into chaos and poverty. But how sound is this idea really? Does a money that keeps its value and isn’t debased REALLY destroy the economy? What if this statement is simply…. wrong?
All this and more in today’s Guy’s Take to break down the concepts of natural deflation, its differences with credit deflation, the boogeyman it’s been confused with, & what sound money gives to the economy that uses it.
Some other great episodes mentioned in today’s show to expand on the ideas & go further down the rabbit hole:
The Use of Knowledge in Society
https://bitcoinaudible.com/hayeks-use-of-knowledge-in-society-part-1-2/
Guy’s Take #18 – A Story of Booms and Busts
https://bitcoinaudible.com/a-story-about-booms-busts/
Guy’s Take #36 – Walking Tall
https://bitcoinaudible.com/guys-take-36-walking-tall/
Our amazing sponsors for today’s show, keeping Bitcoin Audible alive!
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Read_537 – Bitcoin is An Idea [DerGigi]
“As Victor Hugo reminds us: nothing is as powerful as an idea whose time has come. Bitcoin is here to stay; and Bitcoin’s time is now.” – DerGigi
Another chapter in Gigi’s upcoming book 21 Ways, today’s article covers some of the prehistory, the origins, the breakthroughs, and the meaning of the Bitcoin system. Gigi always comes through with excellent work, and this one doesn’t disappoint. Check out his patreon to stay up on his other projects and support his content. Plus the incredible body of work on his website at the links below.
https://www.patreon.com/dergigi
https://dergigi.com/2021/06/13/bitcoin-is-an-idea/
Explore the entire library of audio works at BitcoinAudible.com, plus vote for your favorites to be heard on the show!
Our amazing sponsors for today’s show, keeping Bitcoin Audible alive!
The BitBox02 hardware wallet for the trifecta of ease of use, security, & open source key storage.
SwanBitcoin.com for the automatic Bitcoin savings plan, automatic withdrawal, & low fee sat stacking.
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Read_538 – Fighting Monetary Colonialism with Open Source Code [Alex Gladstein]
“Monetary repression continues to be hidden, and not spoken of in polite circles. The reality today for the 182 million people living in CFA nations is that while they may be politically independent in name, their economies and money are still under colonial rule, and foreign powers still abuse and prolong that relationship to squeeze and exploit as much value from their societies and geographies as possible.” – Alex Gladstein
Another tour de force from Gladstein, this time breaking down the dirty details of the oppressive CFA monetary regime used, much like the petrodollar, to control and consume resources from foreign nations into French coffers. A common story in monetary systems, it’s used as a tool for power, privilege, & political control. Hear the stories on the ground of those who saw this colonialism, and how they hope to stop it. Another from the irreplaceable publication of BitcoinMagazine.
Check out the original and other great pieces from Bitcoin Magazine below:
https://bitcoinmagazine.com/culture/bitcoin-a-currency-of-decolonization
Search for the many other pieces by Gladstein in the Bitcoin Audible Library:
https://BitcoinAudible.com
Follow the amazing people discussed and mentioned in this piece:
https://twitter.com/Farida_N
https://twitter.com/diopfode
https://twitter.com/fpigeaud
https://twitter.com/nssylla
Our amazing sponsors for today’s show, keeping Bitcoin Audible alive!
The BitBox02 hardware wallet for the trifecta of ease of use, security, & open source key storage.
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Read_536 – Bitcoin Information Theory B.I.T [Aaron Segal]
“A deflationary monetary system of absolute hard money acts as a mirror for value creation. It is a compass to guide us toward a better economic path.” – Aaron Segal
From Bitcoin Magazine, we hit a fantastic piece on the nature of money as a tool for reducing informational entropy. Why a finite supply money, is ultimately the most pure form of money able to translate technological innovation into decreased uncertainty in an economic system. Don’t miss Segal’s “Bitcoin Information Theory”
Check out the original and other great pieces at Bitcoin Magazine:
https://bitcoinmagazine.com/culture/bitcoin-information-theory-bit
The other excellent pieces mentioned that dig further into this topic, the ideas of pricing in an economy, & why our system has been skewed to strip the economic machine of growth and productivity:
“The Capital Strip Mine” by Allen Farringtion:
https://bitcoinaudible.com/the-capital-strip-mine/
“The Use of Knowledge in Society” by F.A. Hayek:
https://bitcoinaudible.com/hayeks-use-of-knowledge-in-society-part-1-2/
And our amazing sponsors for today’s show, keeping Bitcoin Audible alive!
The BitBox02 hardware wallet for the trifecta of ease of use, security, & open source key storage.
SwanBitcoin.com for the automatic Bitcoin savings plan, automatic withdrawal, & low fee sat stacking.
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Read_535 – Analyzing Bitcoin’s Network Effect [Lyn Alden]
“A network effect is an attribute of a company or other system such that as more people use the network, the network becomes exponentially more valuable for each user. It’s one of the strongest economic moats that a system can have against competitors.” – Lyn Alden
Another excellent piece today from the newsletter of Lyn Alden, making sense of network effects, what they are & how fundamental they are to success. Breaking down the network effects of Bitcoin and the state of the ecosystem and institutional adoption. And lastly its comparison to the rest of the “Crypto” industry and where we can or cannot compare them.
Analyzing Bitcoin’s Network Effect:
https://www.lynalden.com/bitcoins-network-effect/
For the Ray Youssef panel mentioned, Bitcoin 2021: Onboarding One Billion Bitcoiners
https://www.youtube.com/watch?v=MfvLz81EVhI
And our lovely sponsors who make Bitcoin Audible possible:
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Read_534 – Bitcoin Mining & the Case for More Energy [Caulfield & Lindstrom]
“All this to say, there is no optimistic version of the future in which humanity does not use significantly more energy than it does today.” – Hodl’n Caulfield & Selene Lindstrom
What is the connection between Bitcoin, human prosperity, and the fundamental process of commanding energy to solve our problems? Bitcoin isn’t just a monetary and financial solution, its also revolutionary in the simple fact that it replaces a problem of violence and authority, merely through the burning of energy. How could we make the case that not only should we not scorn this amazing feat, but that we should want far more energy used by the system, to protect far more people around the world from systemic corruption of money?
Check out the original and drop some crazy applause on this one on medium:
https://bitcoinandenergy.medium.com/bitcoin-mining-and-the-case-for-more-energy-90094ce25fac
Don’t forget to follow the authors on Twitter for more of their future work:
https://twitter.com/stackerintherye
https://twitter.com/selenelindstr6
And a shout out to our amazing sponsors to the show:
ShiftCrypto with the BitBox02 hardware wallet for sovereignty, simplicity, & security of your Bitcoin keys. Get 5% off with discount code “GUY”
SwanBitcoin.com for your automatic, no hassle, & low cost Bitcoin savings plan. Set it once and it never stops stacking for your future self! $10 free sats for signing up at my ref link.
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Read_533 – Guy’s Take on the “Why Bitcoin Series, Part 1”
Completely left the intro and guy’s take section out of the publishing for last week’s episode, so figured I would drop it just for those who might like to listen. No ads or any breaks for this one since I screwed up, lol.
Enjoy
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Read_533 – Why Bitcoin, The Series – Part 1 [Tomer Strolight]
“For those with the curiosity to look, Bitcoin has emerged as a vast and mysterious space to explore with treasures, dangers, and untold potential.” – Tomer Strolight
Going through the incredible short, but profound pieces in the Why Bitcoin series by Tomer Strolight. An incredible walk through the many fundamental characteristics of Bitcoin. Why should we choose it, why is it backed by physics, why does its buying power keep rising, why is it the new frontier, and more in this first episode. Don’t miss it!
For more digging into what happened in El Salvador and what the legal tender dstatus means, check out the awesome SSL podcast we did with Tomer, Alex Gladstein, Brady Swenson, & myself earlier today. Careful not to get too bullish:
https://www.youtube.com/watch?v=p_WC-AU8df8
Then for diving deeper into Proof of Work, check out the great pieces by Hugo Nguyen mentioned in the commentary:
Anatomy of Proof of Work:
https://bitcoinaudible.com/anatomy-of-proof-of-work-part-1/
Bitcoin, Chance & Randomness:
https://bitcoinaudible.com/bitcoin-chance-and-randomness-part-2/
ShiftCrypto with the BitBox02 hardware wallet for the secure, safe ship for sailing the open seas to this new frontier!
And SwanBitcoin.com for the strong sails pointed in the right direction. Toward a sovereign future, auto stacking & DCA into Bitcoin
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Bitcoin Law – The El Salvador Legal Tender Bill
I may have gotten ahead of myself but the vote is happening right now in El Salvador’s Congress. It’s being discussed and read on the floor & in order to get this out as quickly as possible, we have the reading of the “Bitcoin Law” proposed and soon voted on in El Salvador.
Enjoy.
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Guy’s Take_047 – Legal Tender… And So It Begins
If you haven’t seen it, don’t miss out on this moment in history. Jack Mallers’ announcement and speech at Bitcoin2021 on the massive moves they are making with Strike, the infrastructure being built in the developing world, & the move by the President of El Salvador to make Bitcoin a legal Tender within the country and make it part of the national strategy to bring financial inclusion, monetary independence, and an infrastructure that will take them into the future with Bitcoin. This is the beginning of some massive.
Don’t miss today’s episode and the link below to dig more into this incredible development.
Jack Mallers at Bitcoin 2021:
https://www.youtube.com/watch?v=_59hrgTiRJU
Tweets related to this news & read on this episode:
https://twitter.com/WilliamSorianoH/status/1401737638290280452?s=20
https://twitter.com/nayibbukele/status/1401955382533165062?s=20
https://twitter.com/nayibbukele/status/1401622548396314631?s=20
https://twitter.com/nayibbukele/status/1401335885497524226?s=20
https://twitter.com/carlitosrejala/status/1401712725886132224?s=20
https://www.thestreet.com/crypto/bitcoin/panama-may-join-el-salvador-and-paraguay-in-bitcoin-adoption
https://twitter.com/gabrielsilva8_7/status/1401965129051389958?s=20
https://twitter.com/FabioOstermann/status/1401988499893587968?s=20
And a shout out to our amazing sponsors to the show:
ShiftCrypto with the BitBox02 hardware wallet for sovereignty, simplicity, & security of your Bitcoin keys. Get 5% off with discount code “GUY”
SwanBitcoin.com for your automatic, no hassle, & low cost Bitcoin savings plan. Set it once and it never stops stacking for your future self! $10 free sats for signing up at my ref link.
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Read_532 – The Humanitarian & Environmental Case for Bitcoin [Alex Gladstein]
“If there is ever competition for the energy that the Bitcoin miners are buying, the miners turn off their machines, perhaps to turn them back on later in a real-time response to grid loads. This relationship is poorly understood by many, leading to a popular but incorrect assumption that Bitcoin is “wasting” energy that could be used for other projects.” – Alex Gladstein
Another amazing piece from Gladstein, this time breaking down the incentives and elements of Bitcoin and Bitcoin mining that has the potential to transform the developing world’s capacity for capital accumulation, sustainable economic activity, & bootstrapping of renewable energy production and expansion of the much needed electrification. Don’t miss this piece!
Check out the original and Gladstein’s other incredible work below:
https://bitcoinmagazine.com/culture/bitcoin-is-humanitarian-and-environmental
A big thanks to BitcoinMagazine and the LTBNetwork for the invaluable & dedicated resource they have been to the Bitcoin community for so many years.
And a shout out to our amazing sponsors to the show:
ShiftCrypto with the BitBox02 hardware wallet for sovereignty, simplicity, & security of your Bitcoin keys. Get 5% off with discount code “GUY”
SwanBitcoin.com for your automatic, no hassle, & low cost Bitcoin savings plan. Set it once and it never stops stacking for your future self! $10 free sats for signing up at my ref link.
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