Guy’s Take_078 – Are the ETFs the End of the Bitcoin Dream?
The legacy financial system has arrived. One January 10th, numerous Bitcoin ETFs were approved. But is this even a good thing? What does this signal for the legitimacy of Bitcoin as an asset? What does it mean for the sovereignty of the network? This could both bring trillions of dollars in liquidity into Bitcoin and break through the Overton window of the average person. This may make bitcoin “real” for many who refused to pay attention before. But the big question… the real risk, is if we cannot scale sovereignty in Bitcoin to everyone in the world, what if we just end up with Gold 2.0? In a world of unbacked paper, and no way out?
It’s time for a Guy’s take episode. Are the ETFs the End of the Bitcoin Dream?
References
“Reminder that the agency that can’t keep its twitter account safe wants all of your trading information” (Link:http://tinyurl.com/mr587bhd)
Host Links
Guy on Nostr (Link: https://tinyurl.com/yc376bff)
Guy on X (Link: https://twitter.com/theguyswann)
Bitcoin Audible on X (Link: https://twitter.com/BitcoinAudible)
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“No man is brave that has never walked a hundred miles. If you want to know the truth of who you are, walk until not a person knows your name. Travel is the great leveler, the great teacher, bitter as medicine, crueler than mirror-glass. A long stretch of road will teach you more about yourself than a hundred years of quiet.”
~ Patrick Rothfuss
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Ai Take_013 – Become Anyone With Ai
Today we explore the tools for voice changing ai and text-to-speech. What is Guy using, and what are the impacts of instant and easy voice copying be on content creation, copyright, the meme lords, fraud, and personal identity.
Referenced in the show
ElevenLabs.io (Link: https://elevenlabs.io/)
Altered.ai (Link: https://www.altered.ai/)
Episode #011 – The Fears of Ai (Link: http://tinyurl.com/4v9rj98r)
Could Ai Go Nuclear? – Ai Unchained #003 – The Dark Side of Ai with Alex Lewin (Link: http://tinyurl.com/2pxkv5n3)
Host Links
Guy on Nostr (Link: http://tinyurl.com/2xc96ney)
Guy on X (Link: https://twitter.com/theguyswann)
Guy on Instagram (Link: https://www.instagram.com/theguyswann)
Guy on TikTok (Link: https://www.tiktok.com/@theguyswann)
Guy on YouTube (Link: https://www.youtube.com/@theguyswann)
Bitcoin Audible on X (Link: https://twitter.com/BitcoinAudible)
The Guy Swann Network Broadcast Room on Keet (Link: https://tinyurl.com/3na6v839)
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River, secure, trusted, bitcoin only, lightning enabled, simple. (Link: https://bitcoinaudible.com/river)
Bitcoin Games!
Get 10% off the best Bitcoin board game in the world, HODLUP! Or any of the other great games from the Free Market Kids! Use code GUY10 at checkout for 10% off your cart! (Link: https://www.freemarketkids.com/collections/games-1)
Bitcoin Custodial Multisig
Want to get into Bitcoin but not ready for self custody? Use custodial multisig for the best way to distribute trust across multiple institutions and even jurisdictions! Check out OnRamp. (Link: BitcoinAudible.com/onramp)
Education & HomeSchooling
Get the lesson in real economics that you never got in school, and teach your kids the truth, not the statist insanity that is Keynesianism. Liberty Classroom is the invaluable resource you are looking for! (Link: BitcoinAudible.com/Liberty)
Ai Take_012 – A Big Leap Forward for Local LLMs
The models, the tools, the implementations, everything is moving incredibly fast.
But a very interesting trend that I’ve been seeing, is that the open source benchmarks are improving just slightly faster than the closed source alternatives. Slowly but surely, they are catching up.
The day may come where the open source models are the best models, the ones with the greatest number of tools, and the largest variety of implementations, because naturally they’re open and available for everyone to work on.
There have been numerous new developments on running models more efficiently, running larger models on even smaller devices, and doing so with less power and computational overhead, as well as a new advancement in one of my favourite open source models, which may just be a big leap forward for how these are going to evolve moving forward. And that is what today’s episode of AI Unchained is all about.
A big leap for local LLMs.
Ai News Roundup
Running Ai locally on a Smartphone: A Performance Evaluation of a Quantized Large Language Model on Various Smartphones (Link: http://tinyurl.com/mv4k7eyp)
LLM in a flash: Efficient Large Language Model Inference with Limited Memory (Link:http://tinyurl.com/mrc5ur7m)
Explore the new Mixtral Model below
Poe.com (Link:https://poe.com/chat/2vdailufawo9jnkcb4l)
Fireworks AI Models (Link: https://app.fireworks.ai/models)
GGUF Model for Local Running (Link: http://tinyurl.com/34btrnre)
LM Studio – Discover, download, and run local LLMs (Link:https://lmstudio.ai/)
Unleashed Chat – One button to deploy your own chat (Link: https://unleashed.chat/app/chat)
Host Links
Guy on Nostr (Link: http://tinyurl.com/2xc96ney)
Guy on X (Link: https://twitter.com/theguyswann)
Guy on Instagram (Link: https://www.instagram.com/theguyswann)
Guy on TikTok (Link: https://www.tiktok.com/@theguyswann)
Guy on YouTube (Link: https://www.youtube.com/@theguyswann)
Bitcoin Audible on X (Link: https://twitter.com/BitcoinAudible)
The Guy Swann Network Broadcast Room on Keet (Link: https://tinyurl.com/3na6v839)
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Guy’s Take_077 – Dear Government…
In this episode I dive into the ongoing shift from closed systems to open, permissionless digital realms, drawing parallels to the internet revolution. I discuss the importance of privacy as a fundamental right, and explain why government attempts to regulate and control Bitcoin are contemptible and flawed. With a focus on recent FinCEN rules and Senator Warren’s proposed bill, I advocates for a re-evaluation of regulatory approaches, challenging the authorities to understand the true nature of Bitcoin and its global, decentralized nature. Tune in for a thought-provoking “Dear Government” message and a compelling exploration of the technological advancements reshaping our financial future.
Host Links
Guy on Nostr (Link: https://tinyurl.com/yc376bff)
Guy on X (Link: https://twitter.com/theguyswann)
Bitcoin Audible on X (Link: https://twitter.com/BitcoinAudible)
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@Swan: The best way to buy, learn, and earn #Bitcoin
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Guy’s Take_076 – Fiat Money’s Dark Secret
The free market works because economic decisions are made by people who have skin in the game. When you spend $100 you have earned, you understand the cost. It was your sweat the created the gain, and no one can understand that cost better than you when you go to spend it. Genuine value information, and real trade offs inform the price in the market. Money is simply a reflection of the resources it is allocating. It is nothing more than a ledger system for allocating resources across time. But when someone can cheat the ledger. When the money can be counterfeited at will. It pours a torrent of noise into the economic signal. The free market is essentially destroyed. Because the allocation of your decisions, of everyone’s value judgements being signaled in the market, is overrun by trillions in counterfeit. With no skin in the game, with no thought, without understanding the value that went into it, or having to pay for the cost of their errors. It is a system of economic fraud and disinformation. But the problem isn’t merely an economic one. The fiat system, has another, more sinister consequence. One that is tied to the very nature of the human spirit. It’s time for a Guy’s Take episode.
Link to other great works and episodes referenced in the show
Guy’s Take – Bitcoin Audible – Guy’s Take #36 – Walking Tall (Link: https://tinyurl.com/3bevnhpx)
Audible Audiobook – Broken Money by Lyn Alden (Link: https://tinyurl.com/2p874rjm)
Audible Audiobook - Atomic Habits: An Easy & Proven Way to Build Good Habits & Break Bad Ones by James Clear (Link: https://a.co/d/63IJQNz)
GG NO RE podcast – Fountain (Link: https://tinyurl.com/mrmjjpuj)
Host Links
Guy on Nostr (Link: https://tinyurl.com/yc376bff)
Guy on X (Link: https://twitter.com/theguyswann)
Bitcoin Audible on X (Link: https://twitter.com/BitcoinAudible)
Check out our awesome sponsor!
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“It’s really a wonder that I haven’t dropped all my ideals, because they seem so absurd and impossible to carry out. Yet I keep them, because in spite of everything, I still believe that people are really good at heart.”
~ Anne Frank
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Guy’s Take_075 – A Global Monetary Rebellion
The election of Javier Milei is unlikely the be the next El Salvador, but I don’t think it needs to be in order to be significant. There is something deeper going on for Javier to win on the message he is sending. And I think it shows the signs of a shifting tide, and Bitcoin is the island that’s coming into view.
References made in the episode for further reading:
Find the many books and products recommended on this show at prodcast.io (Link: https://prodcast.io/collections/bitcoin-audible)
Broken Money by Lyn Alden (Link: https://tinyurl.com/mvu8jm7c)
Praxeology by Knut Svanholm (Link: https://tinyurl.com/y37ph73d)
Check out our awesome sponsors!
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“The only way of determining how a conscious actor values one thing above another, is by observing how they act.”
~ Knut Svanholm
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Guy’s Take_074 – Banks Without Bankers
Is Bitcoin destined to become another fiat system? Where we end up in a world where the dominant instrument isn’t Bitcoin at all, but just more IOUs? Where Bitcoin substitutes replace real Bitcoin? Does it not just become another fiat system, or are there fundamental incentives and technological trends that prevent this and push us ever closer to total sovereignty? With smaller and smaller communities and institutions able to organize and exit in an independent way… where a Bitcoin world means a free world?
It’s time for a follow-up to Eric Yake’s and Axiom BTC’s amazing piece, “Banks without bankers.”
Get ready for another “Guys Take” episode.
Keep an ear out for the 1000th episode of the show! I’ll have details soon, you don’t want to miss it.
Follow AxiomBTC and Eric Yakes on Twitter
Other great sources mentioned in this episode:
-The 7th Property
-Broken Money
-The Fiat Standard
-Freedom & Exit
Found this and all the other great recommendations that I regularly share on the show on the Bitcoin audible page at Prodcast.io
A huge thanks to our sponsors, and don’t forget to check out the offers for the listeners of this show!
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“Finish each day and be done with it. You have done what you could. Some blunders and absurdities no doubt crept in; forget them as soon as you can. Tomorrow is a new day. You shall begin it serenely and with too high a spirit to be encumbered with your old nonsense.” ― Ralph Waldo Emerson
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Guy’s Take_073 – Lightning is Dead, Long Live Lightning!
LIGHTNING IS DEAD! Did you hear about the new exploit discovered that may be the “nail in the coffin” of the broken and defeated Lightning network? I bet you did, but did anyone you heard it from actually know how it worked?… Probably not. That’s what we dive into today, trying to make sense of the new Lightning exploit, how it works, the risk, and whether or not the sky is falling. Find out in today’s Guy’s Take episode.
A shout out to Shinobi, Matt Corallo, John Carvalho, and numerous people on the mailing lists and other platforms who helped to throughly explain this bug so that I could make some sense out of it.
Major thanks to our amazing sponsors who keep this show alive:
9% off the Coldcard with code BITCOINAUDIBLE, bitcoinaudible.com/coldcard
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Get 50,000 free sats, plus sats back on everything you buy by signing up with Fold and the Spin+ Debit Card. bitcoinaudible.com/fold
Don’t forget to check out Prodcast.io and keep an ear out for Lyn Alden’s incredible book coming soon to Audible!
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“It is better to be hated for what you are, than to be loved for what you are not.” — Andre Gide
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Guy’s Take_071 – But Bitcoin Doesn’t Innovate
I hope you listened to the recent read by Beautyon, Bitcoin and Software Reliability, because today we continue our FUD Relief series. I suspect you have heard the claim that “Bitcoin doesn’t innovate” and that newer and shinier blockchains are destined to replace it. I explore this idea today and suggest that the very framing of the claim suggests they have misunderstood Bitcoin’s highest value. I break it down in today’s Guy’s Take episode.
Check out our amazing sponsors:
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Get 50,000 free sats, plus sats back on everything you buy by signing up with Fold and the Spin+ Debit Card. bitcoinaudible.com/fold
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“The system of private property is the most important guarantee of freedom, not only for those who own property, but scarcely less for those who do not.” — F. A. Hayek
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Guy’s Take_070 – But Deflation is Bad
A deflationary money is going to destroy the economy! If the value of money keeps going up, then no one will ever spend it! If no one spends it, then the economy will fall into a depression and it will never escape… at least, this is what we are told.
How is it that a sound money system with no special privilege and with no printing machine has been equated with the collapse of the economy? How is it that stuff getting more affordable, has been equated with nobody ever buying anything? How have we been led to believe, that someone else’s monopoly privilege to print OUR money, is the SOURCE of our wealth and prosperity?
What if, and hear me out, deflationary money is a boon to the economy, is a huge boost to economic activity, and that a sound money doesn’t even go up in value, unless real growth is actually occurring? And what if we could frame this in such a way that it is completely self-evident and sitting right in front of us all the time?
It’s time for a Guy’s Take episode, the second in the FUD relief series, “But Deflation is Bad…”
Links mentioned in the show:
WTF happened in 1971
Why your dollar ain’t shit
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“I would rather be exposed to the inconveniences attending too much liberty than to those attending too small a degree of it.” ― Thomas Jefferson
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Guys Take_069 – But It’s Just Digital Points…
With so many common misconceptions about money, how can we possibly make sense of Bitcoin for customers who have spent their entire lives using only a single product, and know almost nothing about it? Without even a means to compare one “product” to another, where do we start? Most only understand money from the context of its network utility – ie. How many places can I spend it at – and have no foundational to make a judgement of its *quality,* which must come before its network adoption.
We have quite the uphill battle, but we can address the most common mental blocks by reframing the way to look at it. Today we begin our “FUD Busting” Guy’s Take series #69 – “But It’s Just Digital Points…”
-Subscribe to the Youtube channel and my other work on Ai Unchained at the link below:
Guy Swann – YouTube
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“A man will be imprisoned in a room with a door that’s unlocked and opens inwards; as long as it does not occur to him to pull rather than push.” — Ludwig Wittgenstein
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Guy’s Take_068 – Lightning & the Ai Economy
Ai agents are going to be able to seek out, delegate, and pay for micro services from an ecosystem of other agents & services. But the resources being share will be delivered instantly, and irreversibly in the form of compute cycles. Only an instant, bearer, and irreversible payment method that scales massively will be able to meet the demands and provide a backbone for the economy of Ai exchange. In this Guy’s Take episode, I argue why I think Lightning is going to eat ALL of this ecosystem, and why fiat is incompatible. This is Guy’s Take #68 – Lightning & the Ai Economy…
Definitely don’t miss the conversation that got me headed down this rabbit hole on Ai Unchained: https://youtu.be/hI19IaODZPA
Bobby’s thread with further links to explore on Twitter:
https://twitter.com/iBobbyShell/status/1671485924218228737?s=20
More resources to explore on this topic:
https://lightning.engineering/posts/2023-07-05-l402-langchain/
A huge thanks to our sponsors, and don’t forget to check out the offers for the listeners of this show!
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