Guy’s Take_043 – The Sound of Inevitability
• Why Matt Odell is wrong about the OCC statement
• Bullish review of the SeeTee Shareholder Letter
• Microstrategy & 0% bonds
• Jack Mallers taking over the world
• NYDIG
• MassMutual, Square, Tesla, Marathon, Stone Ridge, & the Bitcoin Treasury Rush
• Next phase of the Bitcoin mining industry
• Lightning everywhere
• New developer grants
• Rewards Cards everywhere!
…and tons more
The flood of 2021 is well underway.
Lightning as a Retail Payment System:
https://medium.com/galoymoney/lightning-as-a-retail-payment-system-part-1-7463c46342ef
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)
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Read_504 – SeeTee Shareholder Letter [Kjell Inge Røkke]
“We are not going to wait for the future – we want to join in building it as well! I encourage entrepreneurs to reach out to Seetee. The bigger the dream, the more we listen.”
Kjell Inge Røkke
Covering the recent, incredible announcement that the Norwegian energy giant, Aker has made a strong push into both building for & investing in the Bitcoin ecosystem, we read the SeeTee shareholder letter on their breakdown of their journey into Bitcoin, their thinking on its massive potential, & their vision for the future. Another phenomenal read not to be missed.
The SeeTee Shareholder Letter, check out the original below:
https://www.seetee.io/
A huge thank you to our amazing sponsors:
LVL.co – The first Free, no-fee exchange & Bitcoin banking services! (guyswann.com/lvl)
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)
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Read_503 – Bitcoin is Time [DerGigi]
“This problem is precisely why all previous attempts of digital cash required a centralized registry. You always had to trust someone to correctly identify the order of things. A centralized party was required to keep the time. Bitcoin solves this problem by re-inventing time itself. It says no to seconds and yes to blocks.”- DerGigi
DerGigi is back at it with a chapter from his upcoming book 21 Ways, all about the nature of Bitcoin not as new invention in money, or payments, or cryptography… but rather a new invention in the realm of time. Bitcoin doesn’t merely allow an ordering of events, it actually invents its own concept, of time.
Bitcoin is Time:
https://dergigi.com/2021/01/14/bitcoin-is-time/
Don’t forget to check out DerGigi’s other phenomenal work and support him at the link below:
https://dergigi.com/support/
POW is a Decentralized Clock:
https://bitcoinaudible.com/?p=4728
21 Lessons:
Listen on Audible
Today’s Bitcoin Resource:
Bo Bullshit Bitcoin
A huge thank you to our amazing sponsors:
LVL.co – The first Free, no-fee exchange & Bitcoin banking services! (guyswann.com/lvl)
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)
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Read_502 – LOT true or false? The Last Hurdle for Taproot [Aaron Van Wirdum]
“As a consensus system without central authority, Bitcoin protocol upgrades can be challenging. If one segment of the network upgrades to a new version of the protocol before another segment does, different nodes might enforce different rules, introducing the risk that the network fractures between them.” – Aaron Van Wirdum
Today’s read is from Aaron Van Wirdum at Bitcoin Magazine, an excellent writer who has so many brilliant breakdowns of the technical and historical elements of Bitcoin. Taproot is SO close, but there is a final debate, a final hurdle to tackle before we get to see it activated on the network, and that’s over how and when to turn on the switch.
LOT=true or LOT=false? This is the Last Hurdle Before Taproot Activation:
https://bitcoinmagazine.com/technical/lottrue-or-lotfalse-this-is-the-last-hurdle-before-taproot-activation
Check out the Bitcoin Audible Page for Aaron & his collection of amazing work:
https://bitcoinaudible.com/?page_id=5204
Today’s Bitcoin Resource:
mempool.space
A huge thank you to our amazing sponsors:
LVL.co – The first Free, no-fee exchange & Bitcoin banking services! (guyswann.com/lvl)
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)
Final thanks to Bitcoin Magazine and the LTBNetwork for being such an incredible source of signal to the Bitcoin ecosystem! letstalkbitcoin.com
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Read_501 – The Capital Strip Mine [Allen Farrington]
“The most egregious falsehood regarding economic health that is nonetheless widely believed is surely that we ought to measure it by the magnitude of goods and services consumed. This is dangerous nonsense.” – Allen Farrington
How is it that we found ourselves in such a disastrous and unstable financial situation across the entire country, and even the entire world? How has the economic system been overtaken by exploiters, over consumption, and waste while completely lost touch with sustainable, thoughtful production and value? Laying out the whole picture in today’s article, we have the audio version of Allen Farrington’s “The Capital Strip Mine.”
Check out the original article and drop some applause at the link below:
The Capital Strip Mine:
https://allenfarrington.medium.com/the-capital-strip-mine-ec627e9fe40a
Other articles mentioned in today’s Guy’s Take:
Bitcoin is the Great Definancialization:
https://bitcoinaudible.com/?p=5554
Today’s Bitcoin Resource:
https://bitcoinerjobs.co/
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_500 – Decentralization, Why Dumb Networks are Better [Andreas Antonopolous]
“The Internet’s protocol (transmission control protocol/Internet protocol, or TCP/IP) doesn’t offer “services.” It doesn’t make decisions about content. It doesn’t distinguish between photos and text, video and audio. It doesn’t have a list of approved applications. It doesn’t even distinguish between client and server, user and host, or individual versus corporation. Every IP address is an equal peer.” – Andreas M. Antonopolous
Today we hit a great and classic essay by Andreas on the amazing FEE.org that hits on a key way to think about decentralized network, and a critical part of why they will innovate orders of magnitude more quickly than their centralized counterparts. The difference between “smart” networks and “dumb” networks, and why the dumb will also conquer. Bitcoin is the internet of money, and on read #500, hear Andreas explain why.
Check out the original article at the link below:
https://fee.org/articles/decentralization-why-dumb-networks-are-better/
Other great pieces mentioned in today’s show, along with the thread that includes numerous others for further journey down the rabbit hole:
Lightning Enables Unicast Transactions in Bitcoin:
https://bitcoinaudible.com/?p=347
On Schelling Points, Network Effects, & Lindy:
https://bitcoinaudible.com/?p=4504
Anil’s Amazing thread with 20 fundamental essay for understanding Bitcoin:
https://twitter.com/anilsaidso/status/1290758632238276609?s=20
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_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
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_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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