Guy’s Take_018 – A Story About Booms & Busts
Today I wanted to cover an analogy I have hit in the past to explain what’s happening in the boom/bust cycle. One that sheds light on the fact that the imbalance is a fundamental element of the fractional reserve system, rather than an unexplainable flaw of humanity shrugged away by “animal spirits.”
What do cars, tickets, and vacation plans have to do with the boom/bust cycle? Listen to find out!
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Read_259 – Lightning at the End of the Tunnel [Roy Sheinfeld]
This is an episode not to be missed. With a beta project focused entirely on the user experience, the @Breez_tech wallet is making a huge leap in the UX of Lightning that I thought was still months or even a year away. Very excited to discuss it and read an excellent article about all the challenges in the Bitcoin/Lightning user experience, and how they will be overcome. By Roy Sheinfeld, co-Founder of Breez Technology, today we read:
Lightning at the End of the Tunnel: Overcoming Bitcoin’s UX Challenges
https://medium.com/breez-technology/lightning-at-the-end-of-the-tunnel-overcoming-bitcoins-ux-challenges-5738171c759e
Check out the project on Twitter, check out their website, & Sheinfeld’s Medium page to stay up to date on developments:
https://twitter.com/Breez_Tech
https://breez.technology/
https://medium.com/breez-technology/lightning-at-the-end-of-the-tunnel-overcoming-bitcoins-ux-challenges-5738171c759e
Don’t forget to support the show if you are enjoying my work! =D
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Guy’s Take_017 – Erlay, Dandelion, & BitcoinOps
With help from the Bitcoin Optech newsletter we cover details and implications of the newly proposed Erlay protocol for spreading transactions quickly and efficiently across the network. An 84% reduction in bandwidth for getting transactions to every node, is certainly nothing to scoff at. With effects on network efficiency and privacy, let’s talk Erlay, Dandelion, & BitcoinOps!
Don’t forget to check out and follow the completely free BitcoinOptech Newsletter to stay up on all the new developments in Bitcoin and lightning:
https://bitcoinops.org/en/newsletters/2019/06/05/
A link to the official Erlay research paper with tons more data and analysis for a deep dive into this P2P improvement:
https://arxiv.org/pdf/1905.10518.pdf
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Read_258 – 21 Lessons of the Bitcoin Rabbit Hole – Chapter 3 [dergigi]
In the epic conclusion of the 21 lessons of the Bitcoin Rabbit hole, we talk about the technology, the network, and how Bitcoin is set to change the world. “The future is here, its just not evenly distributed.”
Don’t miss the 3rd & final Chapter of @Dergigi’s excellent piece!
Check out the full site with tons of other work below:
https://dergigi.com/bitcoin/lessons/
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Read_257 – 21 Lessons of the Bitcoin Rabbit Hole – Chapter 2 [dergigi]
Continuing our expedition through the lessons of the Bitcoin Rabbit Hole, we explore the realities of economics & the truth of money that is revealed by Bitcoin’s nature. Don’t miss the next 7 lessons on the economics that bitcoin teaches in our tumble down the rabbit hole.
Explore the many other links, graphics, and charts throughout this amazing section, plus the tons of other works available over at dergigi.com
https://dergigi.com/bitcoin/lessons/ch2-00-economics/
Follow dergigi on twitter below:
https://twitter.com/dergigi
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Read_256 – 21 Lessons of the Bitcoin Rabbit Hole – Chapter 1 [dergigi]
An epic journey with author @dergigi on the unexpected lessons he learned tumbling down the Bitcoin rabbit hole. One can always take a closer look at Bitcoin and the strange, new phenomenon that it is. Don’t miss this excellent 3 part series found at dergigi.com!
Explore the other work and incredible list of further reading and discussion on each lesson in the “Further down the Rabbit Hole” sections:
https://dergigi.com/bitcoin/lessons/ch0-02-introduction/
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Read_255 – Bitcoin An Accounting Revolution [Permabull Niño]
“Those who argue “high fees will kill adoption” fail to understand the intensity of assurances Bitcoin offers, and the ease at which it does this. Put lightly — Bitcoin is insanely cheap compared to alternative options for obtaining high degrees of assurance. Bitcoin is a vehicle built for moon missions, but we are giving it similar treatment to a scooter.” @imacallyoujawdy
Don’t miss an excellent piece exploring the revolution of money and accounting assurances represented in the Bitcoin system. Plus my own commentary on why gold acted as a check to the accounting limitations of the past & why Bitcoin has changed the entire game all over again. From @imacallyoujawdy, we read “Bitcoin: An Accounting Revolution.”
Don’t forget to check out the full article and follow the author on Twitter:
https://twitter.com/ImacallyouJawdy
https://medium.com/@permabullnino/bitcoin-an-accounting-revolution-40efcb903d7b
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Read_254 – Bitcoin & Software Reliability [beautyon_]
” ‘Break stuff’ in that context means ‘Kill People.’ The software simply must work every time, no compromise, no guesswork, no exceptions. There are no ‘do overs’ or roll-backs.”
The “To the Moon!” Bitcoin meme is far more relevant than many realize. Bitcoin is mission critical software. It requires a vastly different engineering philosophy and design. With a short, but fun piece by @Beautyon_, we break down the conceptual reasons why the development mentality of Bitcoin should be mirror the mentality of those designing software that carries men & woman to the moon.
Check out, and drop some applause on the original at the link below. Don’t forget if you like this work that you can send a donation ot the posted address, along with exploring the many other articles from @beautyon_:
https://hackernoon.com/bitcoin-and-software-reliability-d681367a49b2?source=———13——————
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Guy’s Take_016 – Drama, Drama, Toxic Drama
Curious about all the #BitcoinTwitter buzz recently? I went digging to find the associated twitter threads & comments to read, and then discuss my own take on all the drama.
Too long; Didn’t Listen –
• Don’t be a jerk.
• We aren’t responsible for other people’s feelings.
• If you have to choose between making someone uncomfortable & telling them what you believe to be true, speak the truth.
• Open discourse, no matter how “toxic,” is preferable to back room political fighting.
• These are the consequences of freedom of speech.
The threads in question, plus one I only found after recording the episode (unfortunately) by @TheBlueMatt that’s related to the discussion.
@soonaorlater (Soona)
https://twitter.com/soonaorlater/status/1131985122238971904
@nwoodfine (Neil Woodfine)
https://twitter.com/nwoodfine/status/1132138203769581568
@TheBlueMatt (Matt Corallo)
https://twitter.com/TheBlueMatt/status/1133040768531214338
https://twitter.com/TheBlueMatt/status/988835275605504000
@Excellion (Samson Mow)
https://twitter.com/Excellion/status/1133656769538904065
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Read_253 – The Magic Dust of Cryptography [dergigi]
Exploring the magic of cryptography using a magic hammer, gray dust, a magic potion, & a pair of very special pajama pants.
Don’t miss another read from @Dergigi on the absolute magic of cryptography and how it will utterly change everything we think we know about the world. We are entering a new era of human civilization. Pay close attention, the world will never be the same again.
Check out the other work (plus fun graphics & comics) & amazing collection of work we will be revisiting soon on the show, over at dergigi.com:
https://dergigi.com/2018/08/17/the-magic-dust-of-cryptography/
If you prefer Medium, be sure to drop some applause on this article:
https://medium.com/@dergigi/the-magic-dust-of-cryptography-c8ecd79ae13a
The episode of @CitizenBitcoin mentioned in the show interviewing @dergigi:
https://citizenbitcoin.world/episodes/gigi-21-lessons-from-down-the-bitcoin
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Guy’s Take_015 – The Bcash 51% Attack
In a crazy conversation from last night’s meet-up, I learned of discussion of a purposeful re-org, a 51% attack, on the #BCH chain by 2 miners. After a few hours scrambling to pull details together this morning, this is what I’ve discovered so far. Don’t miss this Guy’s Take episode all about the #Bcash 51% attack!
These are the links to the conversations and posts that I found relevant information at:
https://honest.cash/kiarahpromise/sigop-counting-4528
Article on hash power dominance of BTC.TOP:
https://bitcoinexchangeguide.com/is-bitcoin-cash-under-a-51-percent-attack-as-one-bch-mining-pool-nears-over-half-control/
Reddit Threads:
https://www.reddit.com/r/btc/comments/bpwlgx/got_this_in_my_inbox_a_couple_of_minutes_back/
https://www.reddit.com/r/btc/comments/bq6g5h/so_does_this_mean_that_we_unintentionally_killed/
https://www.reddit.com/r/btc/comments/boysr1/bch_upgrade_postmortem/
https://www.reddit.com/r/btc/comments/bqah5p/psa_everybody_stay_alert_im_getting_a_bch/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+reddit%2Fpreh+%28Bitcoin+-+The+Internet+of+Money%29
Found after I finished recording the episode (will update with details in the next show):
https://honest.cash/Cheshire_Cat/bitcoin-cash-guardians-and-pirates-in-sight-3334
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Read_252 – Bitcoin’s Security is Fine [Dan Held]
Is Bitcoin’s security going to be unreliable, volatile, or could it even fail entirely when we lose the block subsidy? Or is #Bitcoin set to operate smoothly with a natural transition from newly minted bitcoin, to transaction fees? Exploring the security of Bitcoin in the next economic era, with Dan Held’s amazing piece, “Bitcoin’s Security is Fine.”
Don’t forget to check out Dan Held’s other work, the amazing set of links throughout the article, and drop some applause below:
https://blog.picks.co/bitcoins-security-is-fine-93391d9b61a8
Don’t forget to check out Dan’s Held’s asset management company, Interchange.
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