Read_342 – Bitcoin & the Primacy of the Digital World [Pascal Hugli]

“Because of their digital nature, many people still object to bitcoin, refuse to take it seriously or consider it altogether too scary. […] It’s the perfect combination of the advantages from the analog as well as the digital world.” – Pascal Hugli
Don’t miss another great article from Bitcoin Magazine on the incredible change that the digital world is unleashing on our society and where we may find a drop of truth in an ocean of uncertainty. Check out the full article plus tons of other great reads at the links below.
https://bitcoinmagazine.com/articles/bitcoin-and-the-primacy-of-the-digital-world
Don’t forget to follow the author and BitcoinMagazine on Twitter for the very best bitcoin content!
https://twitter.com/pahueg
https://twitter.com/BitcoinMagazine
A special thanks to both the LTB Network for sharing this out among some of the best podcasts in the space & of course my lovely patrons who support turning all of the best works in Bitcoin into the audio versions they deserve!
www.patreon.com/thecryptoconomy
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Read_341 – The Rise of the Individual [Aleks Svetski]

“Not since the gunpowder revolution were ordinary men & women able to stand up to those who chose to oppress or rule them unjustly. Only this time, it can be done in a non-violent method, whereby one can peacefully opt out” – Aleks Svetski
Today we read the epic conclusion to our walk through The Bitcoin Times Ed 2 with a piece from the founder, Aleks Svetski, “The Rise of the Individual.” For the revolutionaries, the visionaries, and the dissidents, this article is not to be missed.
Drop some applause on this and all the excellent articles made available in The Bitcoin Times publication. Visit the Medium page below to show your appreciation!
https://medium.com/the-bitcoin-times/the-rise-of-the-individual-ba286eb6951f
https://medium.com/the-bitcoin-times
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Read_340 – The Cat is Out of the Bag [Nic Carter]

“Unlike Paypal, Venmo, or traditional payment processors, it cannot deplatform you for wrongthink, holding subversive political views, being a sex worker, or legally selling cannabis. Ours is the biggest possible tent. Don’t be distracted by the online discourse. Bitcoin is utterly indifferent to the political views of its users.” – Nic Carter
Getting close to finishing the amazing collection of articles in The Bitcoin Times Ed 2, and today we need another great one, by returning author Nic Carter, titled – The Cat is Out of the Bag. This one is not to be missed.
Check out and drop some applause on this piece by following the link below. Follow Nic Carter, TimelessBitcoin, & Alek Svetski on Twitter for more work like this!
https://medium.com/the-bitcoin-times/the-cat-is-out-of-the-bag-fc1344c46bc1
And of course if you’d like to support the show as well as join in the fun over in the Cryptoconomy Telegram Group, become a Patron!
patreon.com/thecryptoconomy
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Read_339 – Proof-of-Work, The Fundamental Laws [Rory Highside]

“It is therefore a universal truth that all work has a measurable cost of energy transformation due to the very nature of the universe, and the laws of thermodynamics. It is with these laws that we underpin Bitcoin’s Proof-of-Work.” – Rory Highside
Don’t miss the next piece in The Bitcoin Times 2nd Ed about how the Bitcoin system is both constrained and forces cooperation by leveraging the fundamental laws of the universe!
Check out and drop some applause on this piece by following the link below, don’t forget to follow Rory and TimelessBitcoin on Twitter for more work like this!
https://medium.com/the-bitcoin-times/proof-of-work-the-fundamental-laws-of-physics-and-nature-33d95167c57a
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Read_338 – The Information Theory of Money [Dan Held]

“Prices are the coordinating force of a free market system. Each individual decision-maker can rely on the prices of goods and services to help with their decision making, as the prices themselves are a distillation of all known market information into a single metric.” – Dan Held
This is one of those articles that just explores the emergent brilliance of the free market system & easily got me into a near 40 minute rant afterward. Prices are not arbitrary, and a market price is quite possibly the most information dense piece of actionable data you can find anywhere. Learn all about it, in this piece from The Bitcoin Times Ed 2, “The Information Theory of Money.”
Below are the links to follow Dan Held for more great work, drop some applause on this article, and follow @timelessbitcoin so you don’t miss anything from this publication:
https://twitter.com/danheld
https://medium.com/the-bitcoin-times/information-theory-of-money-36247aebdfe1
https://twitter.com/TimelessBitcoin
Things you must also listen to because I told you to!
• Hayek’s “Use of Knowledge in Society”
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
• Leonard Reed’s “I, Pencil”
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_123—I–Pencil-Leonard-E–Read-e2ndqm
• TEDtalk “How I Built a Toaster… from Scratch”
https://www.ted.com/talks/thomas_thwaites_how_i_built_a_toaster_from_scratch#t-12942
If you are enjoying the show & would like to support my work in turning all of the most fascinating and profound works in the Bitcoin space into the audio versions they deserve, become a patron! Not to mention you will get access to the Crpytoconomy Telegram Crew where we hang out and worship the Light of Nakamoto! XD
www.patreon.com/thecryptoconomy
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Read_337 – The Tyranny of Time Scarcity – Bitcoin Times Ed 2 – [Robert Breedlove]

“Gold, the ancient and prevailing monetary sovereignty layer (representing an unmanipulable money supply), and the internet, the ultimate engine of exchange (representing global interconnectivity or liquidity). By combining and building upon the economic properties of both, Bitcoin is a momentous monetary innovation that has achieved the divisibility, portability, durability, and recognizability of pure information infused with the absolute scarcity of time.” – Robert Breedlove
Don’t miss the continuing journey through The Bitcoin Times 2nd Ed, with Breedlove’s excellent piece, “Bitcoin & the Tyranny of Time Scarcity”
Drop some applause on this article by following the link below, and don’t forget to check out @timelessBitcoin and @breedlove22 on Twitter for more work like this one.
https://medium.com/the-bitcoin-times/bitcoin-and-the-tyranny-of-time-scarcity-1d1550dfd8b0
Other works discussed in the commentary:
• Knut Svanholm’s “Sovereignty Through Mathematics”
Part 1 – https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_308—Sovereignty-Through-Mathematics—Part-1-Knut-Svanholm-e7tak7
Part 2 – https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_309—Sovereignty-Through-Mathematics—Part-2-Knut-Svanholm-e7vgr1
Part 3 – https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_310—Sovereignty-Through-Mathematics—Part-3-Knut-Svanholm-e8198t
Part 4 – https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_311—Sovereignty-Through-Mathematics—Part-4-Knut-Svanholm-e851te
Part 5 – https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_312—Sovereignty-Through-Mathematics—Part-5-Knut-Svanholm-e86lbt
• Parker Lewis’s “Bitcoin Can’t Be Copied”
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_291—Bitcoin-Cant-Be-Copied-Parker-Lewis-e58g11
• Hayek’s “Use of Knowledge in Society”
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
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Read_336 – Bitcoin’s Eternal Struggle – Bitcoin Times Ed 2 [DerGigi]

Diving into the many incredible works made available in The Bitcoin Times Ed 2! Today we read Gigi’s great piece “Bitcoin’s Eternal Struggle” on the intricate dance between that which is built in randomness & entropy, and that which is created with complete unambiguity, with strict universal validation. This week is not to be missed.
Check out and drop some applause on the original at the link below. Don’t forget to follow Gigi, and TimelessBitcoin on Twitter so you don’t miss the incredible work made available for everyone.
https://medium.com/the-bitcoin-times/bitcoins-eternal-struggle-2c197f1bafd8
https://sites.google.com/getamber.io/thebitcointimes/
https://twitter.com/dergigi
Don’t forget that if you are enjoying the show & would like to support my work in turning all of the most fascinating and profound works in the Bitcoin space into the audio versions they deserve, become a patron! Not to mention you will get access to the Crpytoconomy Telegram Crew where we hang out and worship the Light of Nakamoto! XD
www.patreon.com/thecryptoconomy
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Read_335 – Bitcoin is Not Backed by Nothing [Parker Lewis]

“To provide broader context, the Federal Reserve, the Bank of Japan and the European Central bank have collectively created $10 trillion dollars-worth of new money since the financial crisis, the equivalent of approximately $500,000 per bitcoin. Despite dollars, euro, yen and bitcoin all being digital, bitcoin is the only medium that is tangibly scarce and the only one with inherent monetary properties.” – Parker Lewis
Continuing the awesome Gradually, then Suddenly series on the Unchained Capital Blog, we hit today’s read, Bitcoin is Not Backed by Nothing. An amazing journey through the nature of our current monetary insanity, & the profound immutability of Bitcoin it must now compete with. TL;DR there is no comparison.
https://www.unchained-capital.com/blog/bitcoin-is-not-backed-by-nothing/
Don’t forget to check out the Unchained Capital Blog and the other amazing parts of this Series by checking out the Uchained Collection Below:
(check back soon)
https://www.unchained-capital.com/blog/
Don’t forget that if you are enjoying the show & would like to support my work in turning all of the most fascinating and profound works in the Bitcoin space into the audio versions they deserve, become a patron! Not to mention you will get access to the Crpytoconomy Telegram Crew where we hang out and worship the Light of Nakamoto! XD
www.patreon.com/thecryptoconomy
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Read_Reboot – The Three Economic Eras of Bitcoin [Rusty Russell]

A most profound aspect of Bitcoin is that we know, with certainty, what the monetary policy will be no matter how far we look into the future. If we choose to secure sound money for the world, then we have to establish the important markets, build the tools and protocols, and most importantly make the tough decisions *now, * instead of kicking the can down the road. Following the first era, this required a change with how we used this incredible resource. And just like last time, we will have to change again. The Third Era will come with yet another Bitcoin civil war. Are we preparing for that future, or are we complacent in the present?
A new recording with some fresh commentary, we read a great piece that I totally forgot I had already covered on the show, but that deserves a second round anyway, Rusty Russell’s “The Three Economic Eras of Bitcoin”
https://medium.com/@rusty_lightning/the-three-economic-eras-of-bitcoin-d43bf0cf058a
https://twitter.com/rusty_twit
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Guy & Car – Bitcoin, Unmentionables, & an Insane 2019

Carcampit from the Friends Against Government Podcast joins me to close out 2019 with a discussion on the crazy changes we have seen this year, both in Bitcoin and in so many other areas. We discuss…
• The Stock-to-Flow model
• Binance & Censoring Coinjoins
• The Eurochain
• Strip Searching your Devices
• The Year of Lightning
• New Media
• A Bright Future for Privacy
& much more!
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Read_334 – A Bitcoin Roadmap 2020 & Beyond [John Newbery Tweet Thread]

Closing out an extraordinary year in 2019 has us looking forward at 2020 & Beyond. What will we bring to Bitcoin, and what could Bitcoin bring to us? Today we read an amazing thread by John Newbery on the exceptional list of tools and technologies making their debut on the Bitcoin and Lightning protocol stack that will change everything about how we interact with and use this incredible technology. So much exciting stuff to go over, don’t miss “A Bitcoin Roadmap” twitter thread by John Newbery.
Link to John’s thread and thorough list of links included to explore the tons of improvements on the horizon, or already available to be built with. I highly encourage a dive down this rabbit hole!
https://twitter.com/jfnewbery/status/1208559196465184768
• Jack Mallers & Announcing Olympus (fiat-to lightning in seconds)
https://twitter.com/JackMallers
[audio] https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_299—Announcing-Olympus–From-Fiat-to-Lightning-in-Seconds-Jack-Mallers-e5j7ko
• Schnorr & Privacy by Lucas Nuzzi
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_226—Schnorr-Signatures–The-Inevitability-of-Privacy-in-Bitcoin-Lucas-Nuzzi-e3jfhi
• Taproot is Coming by Aaron Van Wirdum
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_318—Taproot-is-Coming-Aaron-van-Wirdum-e8um0c
• Lightning & the “Noinput Class” by Aaron Van Wirdum
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_297—Simplifying-Lightning–The-Noinput-Class-Aaron-Van-Wirdum-e5fhoa
If you want to support the show and join the Cryptoconomy Telegram crew, become a patron below!
https://www.patreon.com/thecryptoconomy
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Read_Reboot – Shelling Out: The Origins of Money [Nick Szabo]

“The precursors of money, along with language, enabled early modern humans to solve problems of cooperation that other animals cannot – including problems of reciprocal altruism, kin altruism, and the mitigation of aggression. These precursors shared with non-fiat currencies very specific characteristics – they were not merely symbolic or decorative objects.” – Nick Szabo
If you haven’t listened to it yet, the time is now. If you have listened to it, then it can’t hurt to listen to it again. One of the most essential prerequisites in the Bitcoin space to shine a light on the foundations of money, its history, and the nature of its origins. Today we reboot Nick Szabo’s incredible piece, “Shelling Out: The Origins of Money.”
Check out the original piece hosted on the Nakamoto Institute, and of course the unenumerate blog where you can find hundreds of other excellent posts and works by Nick Szabo.
https://nakamotoinstitute.org/shelling-out/
https://unenumerated.blogspot.com/
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