Guy’s Take

Money, Networks, Blockchains, & Bitcoin

The much deserved Guy’s Take episode as a dedicated follow-up to the amazing work of “The Bitcoin Time Vol 1.” There just wasn’t enough time to do it justice during the read, so today I give my take on the plethora of ideas conveyed in Alek Svetski’s awesome work!

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But Bitcoin Isn’t User Friendly…

Things are changing fast, and we go through all sorts of great stuff in this show and I attempt to explain some of the technical elements with analogies using cookies.

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Bitcoin & the 7th Great Disruption of the Digital Age

Bitcoin isn’t just digital money, its a complete inversion of the idea of money in the same way the internet changed the nature of information…

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How Bitcoin Could Bring Down the State

Inflation, or manipulation of the money supply to the benefit of the politically well connected, is quite possibly the most pervasive frauds of modern society.  It creates multiple layers of compounded resource misallocation, it benefits the debtors and manipulators at the expense of savers, it puts a constant downward pressure on living standards, and it enables more unchecked corruption and abuse of power than any other aspect of our political systems.

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Libra Doesn’t Compete with Bitcoin, But it Might Kill Ripple

All the buzz is about FacebookCoin, I mean FacePalmCoin, I mean Libra today with the release of the testnet and Libra.org giving much sought after details on the new protocol and what they seek to accomplish with it.  The big question, can it do any of what it says, and what other projects does it compete with really?  We read numerous twitter posts, including a great thread by Caitlin Long, tweets from Andreas, details sourced by Jameson Lopp, and more in today’s Guy’s Take episode.

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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!

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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.”

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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!

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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.  

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