Guy’s Take_027 – Corona Virus… Bitcoin Fixes This

1 • Why has the Corona Virus been upgraded from a significant healthcare problem, to a global economic catastrophe?
2 • What would be Guy’s strategy as a Destroyer of Economies?
3 • Bitcoin Fixes this
What I hope to be a fun Guy’s rant on why Corona is a huge problem not because of the virus itself, but because of a terribly unprepared economy, and how I might go about laying the groundwork for any natural disaster to cause the most damage and lay waste to as much economic activity as possible. Find out how in today’s Guy’s Take.
Francisco D’Anconia’s Money Speech from Atlas Shrugged:
https://www.youtube.com/watch?v=u-T0ey0IKDA
Don’t forget to get your Bitcoin2020 Tickets! See you guys at the biggest Bitcoin conference of the year!
Bitcoin2020conference.com
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Read_362 – How Lightning Can Improve Encrypted Messaging [Colin Harper]

“devising a scheme that handles both messaging and payments under one roof could be a killer app” – Colin Harper
As part of Bitcoin Magazine’s excellent set of articles on “The Technology of Dissent,” we get a great piece by Colin Harper on the state of encrypted messaging over the Lightning Network. With both Shpinx and Whatsat using separate mechanisms for establishing a private, censorship resistant, decentralized messaging platform, could the combination of encrypted messaging and payments be a killer app for Lightning? Listen to today’s episode to find out!
The original article here!
https://bitcoinmagazine.com/articles/how-the-lighting-network-could-improve-encrypted-messaging
The other great recent selection from Bitcoin Magazine:
https://bitcoinmagazine.com/issue/bitcoin-through-dissident-technology
The Guy’s Take where I dive into the encrypted messaging App I want to use:
https://anchor.fm/thecryptoconomy/episodes/GuysTake_002—The-Lightning-App-I-Want-to-Use-e2ndp6
Don’t forget to subscribe and share the show out with all of your friends in Bitcoin!
https://anchor.fm/thecryptoconomy/
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Read_361 – Bitcoin’s Habitats [DerGigi]

“To fully understand any organism, we must not only look at the organism itself, but examine the organism-environment holistically.” – Gigi
If Bitcoin is a new organism, then where exactly does it live? Is it in cyberspace, the human realm, in financial markets and value… or all 3? Find out in Gigi’s excellent new piece on the Habitats of Bitcoin.
Bitcoin Habitats by @Dergigi:
https://medium.com/@dergigi/bitcoins-habitats-9ce3064bd3a7
Recommended Further Reading:
Proof of Life – Why Bitcoin is a Living Organism by Gigi
• https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_285—Proof-of-Life-dergigi-e51lt1
The Sovereign Individual by James Dale Davidson and William Rees-Mogg
• https://www.audible.com/pd/The-Sovereign-Individual-Audiobook/1797103385?qid=1583275273&sr=1-1&ref=a_search_c3_lProduct_1_1&pf_rd_p=e81b7c27-6880-467a-b5a7-13cef5d729fe&pf_rd_r=3VY4T21FG3XNYQ1RGENK
Become a patron below to support the project of making all the best in Bitcoin Audible! Plus get access to the Cryptoconomy Telegram and hang out with a bunch of veteran Bitcoiners!
patreon.com/thecryptoconomy
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Read_360 – Distrust in Lebanese Banks Spurs Bitcoin Boom [Timour Azhari]

“A volatile currency for volatile times” – Timour Azhari
When the banks become the volatile alternative, when your rights and control over what’s in “your” bank account are a fleeting daydream, when the banks abuse your trust, take your money, and then try to sell it back to you; a volatile, independent, decentralized digital money, becomes that very thing that “puts your mind at ease.” Everything is relative, and the world is an increasingly volatile place. Don’t miss this one!
Link to the original article by Timour, plus don’t forget to check out the author on Twitter for more great stuff like this one!
https://www.aljazeera.com/ajimpact/distrust-lebanese-banks-spurs-bitcoin-boom-200224202742678.html
And don’t forget to get one of the best journeys through understanding and exploring the Bitcoin life form, in Knut Svanholm’s “Sovereignty Through Mathematics.” It starts on Read_308 and continues in 5 parts, thanks to Knut for making it free to everyone who listens to this show!
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_308—Sovereignty-Through-Mathematics—Part-1-Knut-Svanholm-e7tak7
And you can also support the show by purchasing it on Audible.com in the full unabridged, uninterrupted audiobook!
https://www.audible.com/pd/Bitcoin-Audiobook/B083SMKYVC?qid=1583178204&sr=1-1&ref=a_search_c3_lProduct_1_1&pf_rd_p=e81b7c27-6880-467a-b5a7-13cef5d729fe&pf_rd_r=T0P5FPPGE8JX6NMPH5YX
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Read_359 – Microsoft’s ION Bets on Bitcoin [Colin Harper]

Microsoft has a history of funding and developing with open source systems, and has started a new project called ION, trying to make a universal, decentralized system secured by Bitcoin, for managing and proving identities available to the globe. What are the goals and mindset behind this project, and how is Microsoft planning for its future, and the future of the Bitcoin ecosystem? Find out in today’s article by Colin Harper discussing the ION system with Daniel Buchner, the project lead!
Another of the constantly amazing content available thanks to the team at Bitcoin Magazine! Check out Colin’s previous article getting into details of how the ION system will work.
https://bitcoinmagazine.com/articles/microsoft-building-id-verification-platform-bitcoin
A huge thanks to the LTB Network for partnering with the show and helping to get the Audible of Bitcoin to everyone!
https://letstalkbitcoin.com/
Support the show by becoming a patron and get access to the Cryptoconomy Telegram Crew!
patreon.com/thecryptconomy
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Read_358 – The Blockchain is Exhaust [Udi Wertheimer]

Is the blockchain a critical tool that creates the power behind Bitcoin, or is it a wasteful and unavoidable byproduct, an exhaust, of the system that secures the most sound money in the world?
This was a fascinating Twitter thread by Udi Wertheimer that explores what I find to be an interesting perspective on the role that “the blockchain” plays in the Bitcoin network. With added input and contrarian opinions from Eric Wall, Meni Rosenfeld, Adam Back, & Justin Moon, we take a short episode to expand on a unique idea.
The Original Thread:
https://twitter.com/udiWertheimer/status/1087142827346354177
https://twitter.com/adam3us/status/1087315014812348417?s=20
https://twitter.com/MeniRosenfeld/status/1087663298944864256?s=20
Other works mentioned that will shed light on these ideas:
Parker Lewis’s “Bitcoin Cannot be Copied”:
• https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_291—Bitcoin-Cant-Be-Copied-Parker-Lewis-e58g11
Nick Szabo’s “Money, Blockchains, and Social Scalability”:
• https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_066—Money–Blockchains–and-Social-Scalability-e2ndsj
Help keep the project alive by becoming a patron! Plus join the Cryptoconomy Telelgram Crew!
patreon.com/thecryptoconomy
thecryptoconomy.com
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Read_357 – Another Step Towards a P2P Lightning Economy [Roy Sheinfeld]

“If you ask me how much trust is right for the Lightning economy, the answer will always be less.” – Roy Sheinfeld
Today we dig into the recently implemented reverse submarine swaps in the breez lightning service. One of the many tools we have for both mitigating, and also building trust in the new economy. How exactly do submarine swaps work, what’s a HODL invoice, what might they mean for the future of Lightning, and how is Breez using them? All this any more in today’s article by Roy Sheinfeld!
Check out the original below and be sure to drop some claps over at Medium:
https://medium.com/breez-technology/reverse-submarine-swaps-another-step-towards-a-p2p-lightning-economy-bacb040fdca7
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Chat_031 – Bitcoin2020 with CK_Snarks!

Today I get hyped with ck_SNARKs of BTCMedia and have the opportunity to pick his brain for all the exciting stuff happening at the Bitcoin2020 conference in San Fran! With only a month left its time to get serious about it. Stay to the end if you want to hear how you might save some sats on your tickets!
Follow CK on Twitter so you don’t miss the announcements and incredible things happening with the BTCMedia gang!
https://twitter.com/ck_SNARKs
Don’t forget to check out the episodes with BitcoinTINA for “How to Think About Investing in Bitcoin”
Part 1: https://podcasts.apple.com/us/podcast/bitcoin-magazine/id1459884105?i=1000464887385
Part 2: https://podcasts.apple.com/us/podcast/bitcoin-magazine/id1459884105?i=1000465558525
Part 3: https://podcasts.apple.com/us/podcast/bitcoin-magazine/id1459884105?i=1000466261125
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Read_356 – Bitcoin Cannot be Banned [Parker Lewis]

“By design, Bitcoin exists beyond governments. […] The architecture of bitcoin is practically purpose-built to resist and immunize any attempts by governments to ban it.” – @parkeralewis
The next in the Gradually, Then Suddenly series not to be missed. Governments will not ban Bitcoin until it’s apparent that it actually presents a threat to their own currencies, when that happens and under that pretense, they will face the ultimate Prisoner’s Dilemma, & the only winning move is to play.
Link to the original article at Unchained Capital along with the rest in this incredible series by Parker Lewis!
https://unchained-capital.com/blog/bitcoin-cannot-be-banned/
Don’t forget to subscribe and support the Audible of the Bitcoin space! You can do so through tippin.me on Twitter, or becoming a patron below!
patreon.com/thecryptoconomy
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Read_355 – How Decentralization Dies [Brandon Arvanaghi]

“Decentralization has […] been a vessel for achieving a concession from a centralized body it is protesting. Every decentralization play has followed a simple pattern: protest a market inefficiency, win that protest via a major concession, and then disappear back to fringes of society.” – Brandon Arvanaghi
What can we learn from the history of decentralized protocols and the huge battles of history during the disruption of the internet, versus the corporate and media giants of the day? Does it spell doom for Bitcoin and decentralized systems as the central banks & financial giants concede to give control back to the customer? Or is there something else entirely at play? Don’t miss this great read and then Guy’s Take on how Decentralization Dies!
Don’t forget to drop some applause on the original article and follow Brandon on twitter for more insights like this one!
https://medium.com/@brandonarvanaghi/how-decentralization-dies-the-killer-concessions-86dd1ca86da3
https://twitter.com/arvanaghi
A huge thank you to all of my patrons for contributing to this project and helping to promote this show! I couldn’t do it without you. A special thanks to SovereignFinancials for such a generous donation!
Join the crew and become a patron at Patreon.com/thecryptoconomy
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Read_354 – Why Proof of Reserves is Important to Bitcoin [Mauricio Di Bartolomeo]

“Bitcoin is a movement founded on individual monetary sovereignty, transparency and peer-to-peer auditability enabled by a breakthrough in technology. […] The technology to provide auditability and transparency for bitcoin held in custody has been inherent to the protocol from its inception. However, the industry has been slow to incorporate” -Mauricio Di Bartolomeo
Bitcoin, as a new asset class, provides us with one of the most powerful tools for financial security in a custodial context: cryptographic proofs of reserve. We would be foolish to not make use of it. Let us not repeat the mistakes of the past.
Another great piece from Bitcoin Magazine to shine light on a critical issue for a future with sustainable sound money. Don’t miss the short article and Guy’s take to follow! Link to the original below:
https://bitcoinmagazine.com/articles/why-proof-of-reserves-is-important-to-bitcoin
A huge thanks to the LTBNetwork. Don’t forget to check out the tons of other great shows on their platform!
Other’s mentioned in the show:
2019 Saw the Most Exchange Hacks Ever:
https://bitcoinmagazine.com/articles/2019-saw-most-exchange-attacks-ever-with-hackers-becoming-more-savvy
Nic Carter’s Tweets on PoR
https://twitter.com/nic__carter/status/1229599601440829440?s=20
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Chat_030 – Once BITten, down the Bitcoin Rabbit Hole with Daniel Prince

I had an awesome time the other day with Daniel Prince on the new Once BITten Podcast. Diving into some of my own personal history with Bitcoin, what led me here, and the major changes I think we will see in the world over the next couple of decades. This was a really fun conversation and I think you guys will enjoy it. I was Once BITten, & here’s my story.
Don’t forget to check out Daniel’s new podcast, and the episode we mentioned where he spoke with Bruce about the best podcasts in the space, and the always bullish and existential DerGigi!
https://anchor.fm/daniel-prince6/episodes/Forget-The-Oscars—Bitcoinwalking-Steps-Up-To-Award-The-Best-Bitcoin-Podcasts-eaodip
https://anchor.fm/daniel-prince6/episodes/Bitcoin-Is-A-Harsh-Mistress-eapg7e
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