“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

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• And keep those sats SAFE with the BitBox02 hardware wallet. 5% off with discount code “GUY” at guyswann.com/bitbox
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“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