Read_381 – An Important Reminder… [Marty Bent]
“You can’t dictate how people should use bitcoin. Bitcoin has certain properties that enable different use cases. The predominant use case will fluctuate over time. Get over it.” – Marty Bent
An Important reminder from Uncle Marty: Bitcoin has value because of what it enables. It is the market that will find its highest value purpose, and it will be used in all the ways it will best serve the economy. Neither you nor I, fortunately, get to decide how Bitcoin will be used or valued.
Don’t forget to check out Marty’s Bent, a daily newsletter with tons of incredible insight and fun ideas:
https://tftc.io/martys-bent/
If you haven’t heard it, The Use of Knowledge in Society is one of the most important pieces I’ve covered on this show. Listen at the links below:
Part 1 – https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_250—Use-of-Knowledge-in-Society-Part-1—F–A–Hayek-e43pfj
Part 2 – https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_251—Use-of-Knowledge-in-Society-Part-2—F–A–Hayek-e444k0
Don’t forget to start your Bitcoin savings plan at the link below. The value of a sound digital asset in these uncertain monetary times cannot be overstated. Start your investment in the future today:
https://www.swanbitcoin.com?grsf=yg8ftt
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Read_380 – Choose Your Fiction [Arthur Hayes]
“All I know is the setup for bitcoin, the hardest form of digital money, could not be better. All manners of trust have evaporated. In order to solve for demand and supply destruction, governments will embark on the greatest fiscal stimulus binge the world has ever seen.” – Arthur Hayes
The time has come to put our cards on the table and place our bets. Where do you stand?
Check out this article plus tons of other great research on any Bitcoin topic you could dream up at the Bitmex Blog:
https://blog.bitmex.com/choose-your-fiction/
Start your Bitcoin Savings Plan at the Swan Bitcoin link below!
https://www.swanbitcoin.com?grsf=xngc0c
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Chat_35 – Catch-22 Trillion with the Raleigh Bitcoiners
You’re in for a marathon of a meetup today! The Raleigh Bitcoin Crew goes down the rabbit hole with…
Infinite money printing
Who really runs things?
Inflation and the Fed’s Great Scam
How trustless money leads to greater trust
Price “gouging” or price “discovery”?
Monopolies & the Govt
Anti-trust laws and predatory pricing
The last halving & the Bitcoin price
Quantitative Hardening
& more!
Don’t forget to subscribe and check out the Raleigh Bitcoin Meetup Pod so you don’t miss the rabbit holes we travel every week.
anchor.fm/raleigh-bitcoin-meetup
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Read_379 – Dont be Misled by Red Herrings – Treatise on Bitcoin & Privacy Part 2 [Giacomo Zucco]
“It is the digital equivalent of your physical bank sending private investigators to follow your every move for days after you withdraw cash at the ATM, and then freezing or confiscating your bank account entirely if that PI comes back with a report that says that “you may have,” with some probability, engaged in controversial actions with that cash.” – Giacomo Zucco
A great closing the Giacomo’s Treatise on Bitcoin and Privacy at Bitcoin Magazine. What are the Red herrings we have to navigate to determine the truth of privacy on Bitcoin, and the many (non)alternatives. Is there a perfect privacy option, or do they all come with numerous costs and explicit trade-offs?
Check out the original article over at Bitcoin Magazine, plus the thousands of other great pieces on everything you could ever want to know about Bitcoin and the history of this space:
https://bitcoinmagazine.com/articles/a-treatise-on-bitcoin-and-privacy-part-2-dont-be-misled-by-red-herrings
Listen to Part 1 if you haven’t yet: https://anchor.fm/thecryptoconomy/episodes/Read_375—A-Match-Made-in-the-Whitepaper—Treatise-on-Bitcoin–Privacy–Part-1-Giacomo-Zucco-ech00u
Here is the video thrown together by myself and a few other great Raleigh Bitcoiners, Living on Bitcoin in 2020 – What its REALLY like: https://www.youtube.com/watch?v=cOmUpp3J9Ck
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Read_378 – Bitcoin: A Bold American Future [Conner Brown]
“Despite unprecedented fiscal and monetary intervention after the financial crisis, results have been disappointing. The American people do not need accounting tricks or more debt, but true innovation. Thankfully, Bitcoin provides a way forward.” – Conner Brown
An excellent article found over at the Bitcoin Reserve Journal on how Bitcoin could lead us into an explosion of innovation and efficiency, and has the potential to right so many imbalances and decades of stagnation in the American economy. A new Gold Rush, in the Digital Age.
Check out the Blog below for a number of other great recent articles:
https://journal.bitcoinreserve.com/bitcoin-a-bold-american-future/
Start your Bitcoin Savings Plan at the Swan Bitcoin link below! Added is the link to the Swan Signal podcast to check out a couple of recent great episodes, specifically with today’s author Conner Brown and also Marty Bent:
https://www.swanbitcoin.com?grsf=xngc0c
Swan Signal: https://swansignalpodcast.com/episodes/bitcoin-in-uncertain-times-e3
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Read_377 – Stop Calling for a Free Market in Money [Sven Schnieders]
“Although I mostly agree with their reasoning and share the enthusiasm for such a free market, I cannot stop being astonished by the naivety of the idea.” – Sven Schneiders
If a “good” money cannot survive without a helpful and easy environment… then is it even a good money at all?
Sven makes an excellent case for abandoning the sentiment that we should desire a friendly environment for the one market good which is the bedrock for all other economic activity.
Check out the original and the many other posts on the LimitlessCuriosity.com Blog:
https://limitlesscuriosity.com/essays/stop-calling-for-a-free-market-in-money
Choosing your money, is to choose the future you want. If that future has powerful central banks, economic micromanagement by authorities, & third parties in every transaction, then don’t buy #Bitcoin. But, if that doesn’t sound appealing, you should start your Bitcoin Savings Account. Swan Bitcoin makes that easier than ever:
https://www.swanbitcoin.com?grsf=xngc0c
And speaking of the future of The Cryptoconomy… look out for “Bitcoin Audible!”
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Read_376 – Pascal’s Scams [Nick Szabo]
“Beware of what I call Pascal’s scams: movements or belief systems that ask you to hope for or worry about very improbable outcomes that could have very large positive or negative consequences.” – Nick Szabo
Another amazing piece from the Unenumerated blog by Nick Szabo that explains a class of doomsday and utopia predictions he refers to as “Pascal’s Scams.” How it can appear rational to worry or hope for extremely improbable outcomes. We read part 1 & 2 together and then talk about how this perspective could change our view of these crazy times. Don’t miss it.
Here are the original blog posts, in addition to the incredible body of work available on the Unenumerated Blog:
Part 1: https://unenumerated.blogspot.com/2012/07/pascals-scams.html
Part 2: https://unenumerated.blogspot.com/2012/07/pascals-scams-ii.html
Some of the previous works by Szabo we have read on the show:
Shelling Out: The Origins of Money
• https://anchor.fm/thecryptoconomy/episodes/Reboot—Shelling-Out-The-Origins-of-Money-Nick-Szabo-e9omme
Money, Blockchains, & Social Scalability
• https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_066—Money–Blockchains–and-Social-Scalability-e2ndsj
Exit and Freedom
• https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_233—Exit–Freedom-Nick-Szabo-e3nleo
The God Protocols
• https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_261—The-God-Protocols-Nick-Szabo-e4cstb
The Dawn of Trustworthy Computing:
• https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_113—The-Dawn-of-Trustworthy-Computing-Nick-Szabo-e2ndr3
Drop the fiat money printer tokens and start saving in sound money? Start your Bitcoin Savings Plan today at SwanBitcoin.com.
https://www.swanbitcoin.com?grsf=xngc0c
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Read_375 – A Match Made in the Whitepaper – Treatise on Bitcoin & Privacy, Part 1 [Giacomo Zucco]
“Satoshi Nakamoto created Bitcoin as a tool for privacy. The entire cypherpunk quest, which Satoshi was an active part of and which the Bitcoin experiment is the coronation of, was all about personal and financial privacy.” – Giacomo Zucco
A great piece from Giacomo, published with Bitcoin Magazine, on the concepts and origins of privacy behind Bitcoin. Why it’s needed, what it means, and all the ways we will secure it. A Treatise on Bitcoin & Privacy Part 1. Let’s dive in!
Check out the original and get a head start on Part 2 with the links below:
Part 1: https://bitcoinmagazine.com/articles/a-treatise-on-bitcoin-and-privacy-part-1-a-match-made-in-the-whitepaper
Part 2: https://bitcoinmagazine.com/articles/a-treatise-on-bitcoin-and-privacy-part-2-dont-be-misled-by-red-herrings
We have a choice about our future, are you securing yours? Start a bitcoin savings account at SwanBitcoin.com for the no hassle solution to a long term Bitcoin Savings Plan. Missing out on the technological revolution of the century is not an option.
https://www.swanbitcoin.com?grsf=xngc0c
If you want to support the show and hang out with the Cryptoconomy Crew, you can do so over at Patreon.com/thecryptoconomy, or by donating at TheCryptoconomy.com. Support the Audible of the Bitcoin space and share with everyone you know! 10 million Bitcoiners is our target, our mission toward a better future.
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Read_374 – The Number Zero & Bitcoin [Robert Breedlove]
“A distant digital descendent of zero, the invention of Bitcoin represents the discovery of absolute scarcity for money: an idea as equally unstoppable.” – Robert Breedlove
A new piece by Breedlove exploring the discovery and impact of the concept of “zero,” both as an abstraction of the nature of the universe, & a numerical tool for better defining and making sense of the world. And how the discovery of absolute scarcity in a monetary system, Bitcoin, will change our current view of the world. Not to be missed.
Check out the original for tons of great links and graphics to help illustrate the underlying ideas:
https://medium.com/@breedlove22/the-number-zero-and-bitcoin-4c193336db5b
IF you haven’t taken the time to solidify your Bitcoin Savings Plan over at SwanBitcoin.com, now is the time! The only way out of our current mess is with sound money, and financial responsibility, Swan Bitcoin is where you’ll find both. https://www.swanbitcoin.com?grsf=xngc0c
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Read_373 – What is Happening to Money [Pascal Hügli]
“In the wake of the enormous money tsunami unleashed onto economies and societies, people have begun (rightfully) to start asking the question: What has become of money? Is money even worth anything any longer?” – Pascal
Another great op-ed from Pascal Hugli over at BitcoinMagazine.com. With a deca-trillion dollar imbalance & trillion in newly printed currency now a daily reality… how exactly did we get here? What is Happening to Money?
https://bitcoinmagazine.com/articles/what-is-happening-to-money
Other great works to check out:
• What Has Government Done to Our Money [Murray Rothbard]
https://mises.org/library/what-has-government-done-our-money
• The Philosophy of Money [Georg Simmel]
https://www.goodreads.com/book/show/243473.The_Philosophy_of_Money
Don’t forget to Start your Bitcoin Savings Plan over at SwanBitcoin.com! The only way out of this is with sound money, and financial responsibility, Swan Bitcoin is where you get both in one.
https://www.swanbitcoin.com?grsf=xngc0c
And lastly don’t forget you can be a member of the Cryptoconomy Crew by donating on the website (bottom of the page) or becoming a patron at Patreon.com/thecryptoconomy and help support the Audible of the Bitcoin space!
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Read_372 – Money is Owned By Everyone [Mcfloogle]
“One of the biggest lies in recent times is that inflation is good and necessary for a healthy economy.” – Mcfloogle
It was once understood that money was owned by the individual. Merely an extension of the value created in the past, the soundness of money could not be disconnected from the very right to life and property itself. A short but excellent blog post on this nature, and the consequences when it is lost to our society.
Check out mcfloogle.com to check out the other great blog posts as well as the Rollo & Slappy podcast!
https://www.mcfloogle.com/2020/03/12/bitcoin-fulfills-the-promise-that-money-is-owned-by-everyone/
Support our awesome sponsor who makes this show possible!
SwanBitcoin.com, the best place in the world to start stacking sats. Auto DCA your Bitcoin savings and stack every week, paycheck, or month.
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Chat_034 – The Great Wealth Transfer with Pete Rizzo
The team over at Kraken just dropped a fascinating report on “The Great Wealth Transfer” and what it means for Bitcoin. How, even holding all other things constant, we could see on the order of $1 Trillion move into the Bitcoin ecosystem. We bring Pete Rizzo on the show to talk all about it.
Follow Pete Rizzo below and check out the Kraken blog for more interesting research and posts on the Bitcoin ecosystem:
https://twitter.com/pete_rizzo_
https://blog.kraken.com/
Read the full report for the many amazing details, charts and metrics pulled together for establishing the argument.
https://blog.kraken.com/post/4313/how-the-great-wealth-transfer-could-give-bitcoin-a-1-trillion-boost/
A huge thanks to Swan Bitcoin for making it easy as to auto-stack your sats! The best place to get your share of the 21 million, without having to stress about the price. SwanBitcoin.com!
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