“As Gall’s Law suggests, we believe the general principle favoring Bitcoin’s layered architecture is not one of software engineering so much as engineering entirely in general, yet as elegantly applied to software.” – Only the Strong Survive

Listen to Part 1 if you haven’t yet! https://traffic.megaphone.fm/CSN7556187630.mp3?updated=1632359979
Part 2 https://traffic.megaphone.fm/CSN8589484720.mp3?updated=1632533362

Completing our journey through the incredible piece from Allen Farrington & Big Al, “Only the Strong Survive” with Part 3. Why “Crypto” is a violation of Gall’s Law, a fundamental philosophy of engineering all complex ecosystems and institutions, and why it’s very likely all that is actually valuable in Crypto, is likely to find its way on top of Bitcoin. Don’t miss the epic conclusion of “Only The Strong Survive.”

Follow Allen and Big Al for some top notch twitter experience and tons of other great work. Find more of their writing by exploring the audio library at BitcoinAudible.com

Check out our amazing sponsors below that keep this show alive, and all the things made audible for your listening pleasure!
• Get sats back on everything with the Fold Card! Check them out at guyswann.com/fold for 20% off the Spin+ Card!
• And keep those sats SAFE with the BitBox02 hardware wallet. 5% off with discount code “GUY” at guyswann.com/bitbox
• Stack automatically every day, week, or month with low fees on a set-it-and-forget-it, Bitcoin only, savings service at SwanBitcoin.com/guy
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“Lyn Alden captured this well in her excellent piece, An Economic Analysis of Ethereum, which we highly recommend in addition to our own. Similarly observing that there does seem to be a lot of “financial” activity on Ethereum, specifically: it’s what you would build if you were trying to replicate finance just by looking at it but not really understanding what the point of it all was”

Listen to Part 1 if you haven’t yet! https://traffic.megaphone.fm/CSN7556187630.mp3?updated=1632359979

Today we continue our journey through the incredible piece from Allen Farrington & Big Al, “Only the Strong Survive.” Today we dive deep into the logical reasons why “Crypto” is not actually finance, and what the fundamental errors are made in the investment rationale. Part 3 is on the way, so don’t forget to subscribe!

Follow Allen and Big Al for some top notch twitter experience and tons of other great work. Find more of their writing by exploring the audio library at BitcoinAudible.com

Check out our amazing sponsors below that keep this show alive, and all the things made audible for your listening pleasure!
• Get sats back on everything with the Fold Card! Check them out at guyswann.com/fold for 20% off the Spin+ Card!
• And keep those sats SAFE with the BitBox02 hardware wallet. 5% off with discount code “GUY” at guyswann.com/bitbox
• Stack automatically every day, week, or month with low fees on a set-it-and-forget-it, Bitcoin only, savings service at SwanBitcoin.com/guy
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“The consensus is what matters. The breakthrough of proof-of-work and the difficulty adjustment is far more about harnessing energy and existing communications infrastructure to calibrate incentives than it has to do with computation. Computation is a tool that makes the process more efficient and reliable, but Bitcoin is not itself a ‘computer.'”

We start our dive into the incredible piece from Allen Farrington & Big Al, on the complete philosophical, technical, & social case for the uncertain long term value in “Crypto” beyond Bitcoin. Starting with section 1 on the true innovation of Bitcoin, and section 2 on why “Crypto” is not actually decentralized. 2 More Parts coming later this week so don’t forget to subscribe!

Follow Allen and Big Al for some top notch twitter experience and tons of other great work. Find more of their writing by exploring the audio library at BitcoinAudible.com

Check out our amazing sponsors below that keep this show alive, and all the things made audible for your listening pleasure!
• Get sats back on everything with the Fold Card! Check them out at guyswann.com/fold for 20% off the Spin+ Card!
• And keep those sats SAFE with the BitBox02 hardware wallet. 5% off with discount code “GUY” at guyswann.com/bitbox
Learn more about your ad choices. Visit megaphone.fm/adchoices

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Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

“we often hear the U.S. dollar called an “exorbitant privilege.” Namely, that the U.S. benefits disproportionately from the dollar’s reserve currency status. This article will detail why the current financial system has, in fact, been a burden on the United States, why the fiat dollar system is ending and what that means for the future of Bitcoin.” – Ansel Lindner

What if the dollar fiat reserve system isn’t actually a great privilege, but is actually a burden that wears on the US success and growth? What if the best path forward to renew US growth and its importance in the global economy, was to adopt a Bitcoin standard? Don’t miss another great Bitcoin Magazine read, this one from Ansel Lindner.

Check out the original article below, plus tons of other great works at Bitcoin Magazine:
https://bitcoinmagazine.com/markets/how-bitcoin-could-replace-the-u-s-dollar

Check out our amazing sponsors below that keep this show alive, and all the things made audible for your listening pleasure!
• The Fold Card will get you SATS BACK on EVERYTHING! You don’t want to miss this with the Fold debit card, and gift card selection on the Fold App. Everything you already buy, except with sats back! Check them out at guyswann.com/fold for 5,000 free sats for signing up.
• And the BitBox02 hardware wallet for keeping those sats SAFE! You need a secure, intuitive way to hold your digital money in a digital vault. That’s the BitBox02 hardware wallet. Get 5% off with discount code “GUY” at guyswann.com/bitbox
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Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message