Guy

Read_553 – Bitcoin’s “Naive” Monetary Policy [Natasha Che]

“Bitcoin fails as a money b/c of its naive monetary policy. Many people think government printing too much is evil, so a fixed money supply must be good. The reality: a money that cannot expand would crush the economy and put us all in poverty. Here’s why and how to fix it.” – Natasha Che…

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Read_552 – Inside Cuba’s Bitcoin Revolution [Alex Gladstein]

“This technology goes around blockades and government restrictions, it allows you to move value without trusting anyone, it connects you to the world, and it allows you to empower yourself and do things that are otherwise impossible,” he said. “It has created hope for those who want change.” Today Alex Gladstein takes us on another…

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Read_551 – I Tried Hacking Bitcoin, and I Failed [Dan Kaminsky]

“By all extant metrics in security system review, this system should have failed instantaneously, at every possible layer.  And, to be fair, it has failed at other layers – BitCoin thefts have occurred, in the meta-code that surrounds the core technology itself. But the core technology actually works, and has continued to work, to a degree not everyone…

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Read_550 – Bitcoin’s Energy Use isn’t a Problem, Here’s Why [Lyn Alden]

“And it’s easier to sensa­tion­alize things for pageviews or polit­ical gain. For example, it’s commonly said that the Bitcoin network uses more energy than some countries. That’s true, but then so does Google, Youtube, Netflix, Facebook, Amazon, the cruise industry, Christmas lights, house­hold drying machines, private jets, the zinc industry, and basically any other sizable…

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Guy’s Take #49 – Backed by Truth

“Bitcoin is a network, a money, a language, a system of rules, & a clock. Bitcoin is backed by Truth” – Guy Swann Links to other works mentioned in the show today for further digging and study of these concepts in detail. Plus a really funny clip on the ridiculousness of the English language: Dergigi’s…

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Read_549 – Fiat Lux: The Origins of Modern Money [HeavilyArmedClown]

The word “fiat” is growing more aggrandized in the modern lexicon, however, despite its increasing popularity it is often ill defined or misused. I regularly observe people falsely call Bitcoin a fiat currency. This is thanks, not least of all, to the layman’s poor grasp of history and money. Fiat is of Latin origin, meaning…

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Read_548 – This is Not a Drill! [Jake Chervinsky]

“Here’s the deal with the US infrastructure bill: A new provision has been added that expands the Tax Code’s definition of “broker” to capture nearly everyone in crypto, including non-custodial actors like miners, forcing them all to KYC users. This is not a drill” – Jake Chervinsky The government is trying to sneak in an incredibly…

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Read_547 – Scaling Lightning: To El Zonte… and Beyond! [Roy Sheinfeld]

“Many tellings of El Salvador’s story have largely overlooked and understated the role of the Lightning Network. But make no mistake: any country could have adopted bitcoin five or eight years ago. The base layer hasn’t changed much. The new ingredient, the innovation that has made this possible and is opening up all kinds of…

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Read_546 – Could Bitcoin Be Palestine’s Currency of Freedom? [Alex Gladstein]

“Independence is financial,” Abukhdeir told me. “If we don’t have financial freedom, nothing is going to change.” – Alex Gladstein Another brilliant addition to the Gladstein series from Bitcoin Magazine. Gladstein has been investigating Bitcoin’s benefits for people all over the globe, those in the first world, the third, connected to the modern banking system,…

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Read_545 – The Ultimate Guide to Inflation [Lyn Alden]

A great piece today detailing out the different kinds, the nuances & the long history of inflation. What misconceptions do we still have about inflation? What are the major correlating factors? And what can we do to protect ourselves in different environments? All this and more in another of Lyn Alden’s incredible pieces from her…

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