“In this piece we discuss our concerns around the broader “crypto” space beyond Bitcoin. Our arguments revolve around three primary themes: Philosophical, Technical, and Economic. From a philosophical perspective, we discuss the core properties that make Bitcoin work and that make it unique, in our view. From a technical perspective, we evaluate how these properties…
Read More“The line of differentiation between the masses and the Remnant is set invariably by quality, not by circumstance. The Remnant are those who by force of intellect are able to apprehend these principles, and by force of character are able, at least measurably, to cleave to them. The masses are those who are unable to…
Read More“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…
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“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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Read More“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…
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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
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
Read More“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…
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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
—
Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message
Read More“Sandwiched between Guatemala and Honduras, El Salvador — the smallest and most densely populated country in Central America, with an average GDP per capita of around $3,500 — is a most unlikely ground zero for a financial revolution.” – Alex Gladstein Gladstein is back with the full story of Bitcoin and El Salvador. What it’s like…
Read More“Schumpeter would have loved Bitcoin. He would have seen in Bitcoin a living representation of his theory of capitalism, so often quoted but rarely understood. Creative destruction is the process by which capitalism continually rejuvenates itself. It is what drives markets forwards, constantly being refreshed with new ideas that destroy extant structures and erect better…
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