Read_813 – Mises’s Regression Theorem, Bitcoin, and Subjective Value
“On the face of it, Bitcoin’s existence seems to violate Mises’s theorem, unless a preceding non-monetary use can be demonstrated. That is, Bitcoin would have to be first valued for its direct utility before it could hold indirect exchange value. So have the criteria been met, or does Bitcoin violate the theorem?” – Emile Phaneuf
You’ve inevitably come across the argument that Bitcoin violates Mises’s Regression Theorem if you’ve been in bitcoin long enough, but is this really true? And with the obvious and undeniable emergence of Bitcoin, what can this tell us about Mises’s observation, and how it applies with the dynamics of the digital age?”
Check out the original article at: Mises’s Regression Theorem, Bitcoin, and Subjective Value Theory | AIER (Link: https://tinyurl.com/49udz4pp)
Guest Links
Emile Phaneuf on X (Link: https://tinyurl.com/3c87c2tt)
Emile Phaneuf on AIER (Link: https://tinyurl.com/4w9b5an9)
Emilie Phaneuf Website (Link: emilephaneuf.com)
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)
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“All rational action is in the first place individual action. Only the individual thinks. Only the individual reasons. Only the individual acts.”
~ Ludwig von Mises
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Ai Read_006 – How (Actually) Open AI Wins
“As I see it, humanity is at a turning point where we must either embrace a small handful of totalitarian super intelligences or move AI to the edge, allowing a wide diversity of machine intelligences to flourish in cooperation with an equally diverse set of human intelligences, forming a truly decentralized hivemind. Fortunately, there’s mounting evidence that open source models will be the ultimate winners.”
~Hivemind Ventures
Our read from HiveMind Ventures today argues that the future of AI development hinges on embracing open-source models and decentralization to counteract the monopolistic tendencies of large corporations and governments. What if we already have the tools and foundations to create a genuine decentralized hivemind of human and artificial intelligences that change how we organize and progress. What if these tools are right under our nose, today? Would you want to know what they are?
Check out the original article at How (Actually) Open AI Wins. (Link: https://hivemind.vc/ai/)
Links to check out
Replit (Link: https://replit.com/)
Hugging Face (Link: https://huggingface.co/)
Langchain (Link: https://www.langchain.com/)
Mosaic ML (Link: https://tinyurl.com/48u2c4yv)
Nomic AI (Link: https://www.nomic.ai/)
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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Bitcoin Games!
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Read_812 – Congress is Criminalizing Privacy
“We know the law is unconstitutional.
FinCEN knows the law is unconstitutional.
FinCEN knows we know the law is unconstitutional.
And yet we’re supposed to pretend like nothing happened and comply with an illegal law.”
~ Jameson Lopp
What do we do when a regulatory agency continues to enforce an illegal law against a judicial verdict? Jameson Lopp explores the Corporate Transparency Act (CTA), revealing how it mandates extensive reporting to the Financial Crimes Enforcement Network, compromising individual privacy and security under the guise of legal compliance. How does this act, despite being challenged for its constitutionality, reflect broader tensions between privacy rights and government surveillance in the digital age?
Check out the original article at Congress is Unconstitutionally Criminalizing Privacy. (Link: https://tinyurl.com/46h3swp3)
Guest Links
Jameson Lopp on X (Link: https://twitter.com/lopp)
Casa (Link: https://casa.io/)
Jameson Loop Website (Link: https://tinyurl.com/5n863ah7)
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)
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“People have only as much liberty as they have the intelligence to want and the courage to take.”
~ Emma Goldman
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Read_811 – Speaking Freely
“You have to decide how to move forward. You have to decide what game you want to play; how much responsibility you are willing to shoulder. Do you want to stay stuck in the machine? A machine that uses and abuses you? A machine that feeds itself by extracting and devouring your time, attention, and value? Or do you have the courage to take control of your wealth, health, thoughts, and speech?”
~ DerGigi
Free speech is a non-negotiable foundation for society and human progress, as the open exchange of ideas allows us to productively clash perspectives and arrive at truth. Free speech and societal evolution are inextricably linked, our discussion today underscores how critical unrestricted discourse is to confronting humanity’s most complex problems. But there is a huge concern in our current era… how can we ensure robust protections for free speech in an era of increasing censorship and centralized control over communication platforms?
Check out the original article at Speaking Freely – On the Oxymoron of Free Speech Platforms. (Link: https://tinyurl.com/4aem73sy)
Guest Links
Gigi on X (Link: https://twitter.com/dergigi)
Gigi on Nostr (Link: hhttps://tinyurl.com/2jhz4y6t)
Gigi Website (Link: https://dergigi.com/)
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)
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“If freedom of speech is taken away, then dumb and silent, we may be led like sheep to the slaughter.”
~ George Washington
—
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Read_810 – Censorship in America
“The mechanisms enforcing this modern censorship are not confined to private sectors or individual platforms but are significantly directed and influenced by the U.S. government itself. This intertwining of state powers with censorship activities marks a troubling departure from traditional American values, where free speech has been held sacred.”
~ Dr. Joseph Mercola
The troubling and dangerous emergence of a modern censorship system has taken hold in the west. A partnership of the governments, the military industrial complex, tech giants, and establishment news media have together subtly transformed the internet from a freedom-promoting platform into a tightly monitored, controlled, and censored environment. Could this be the end of free speech online, and what, if anything, can we do about it? All this and more as we cover Dr. Joseph Mercola’s excellent article and expand in the Guy’s Take to follow.
Check out the original article at The National Security State Is the Main Driver of Censorship in the US. (Link: https://tinyurl.com/4h6k67zr)
Links to check out
Read_781 – The Censorship Industrial Complex, CTIL Files 01 (Link: https://tinyurl.com/45rz53yw)
Read_681 – The Twitter Files – Part 1 [Matt Taibbi] (Link: https://tinyurl.com/mryhtmaz)
Guest Links
Dr. Joseph Mercola X (Link: https://tinyurl.com/3ajtjdu5)
Mercola Website (Link: https://tinyurl.com/35v6z8n6)
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)
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“The world is not sliding, but galloping into a new transnational dystopia. This development has not been properly recognized outside of national security circles. It has been hidden by secrecy, complexity and scale. The internet, our greatest tool of emancipation, has be…
Ai Read_005 – Here Lies the Internet, Murdered By Generative Ai
“All around the nation there are toddlers plunked down in front of iPads being subjected to synthetic runoff, deprived of human contact _even in the media they consume. There’s no other word but dystopian.” ~ Mike Hoel
What happens when the internet is so overrun with awful ai generated content, that it becomes too overwhelming to even find anything of value? And this is happening now, not in the future. What happens to a generation of toddlers who are watching incoherent, plotless, inhuman videos over and over again that are completely ai generated from beginning to end and are devoid of human meaning or depth of any kind? Millions of views on these videos poison the minds of kids all over the country while parents have no idea what the content actually is. Are we headed into a dystopia, and experiment with the minds of our children? And what on earth could we do to fix this? Find out in today’s episode of Ai Unchained.
Check out the original article at Here lies the internet, murdered by generative AI. (Link: https://tinyurl.com/mr4b5nmm)
References from the episode:
Chat 94 with Clint Russell (Link: https://tinyurl.com/4h5d9rw7)
Read_802 – How Inflation Destroys Civilization (Link: https://tinyurl.com/bdd4z3hv)
Guest Links
Eric Hoel on X (Link: https://twitter.com/erikphoel)
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)
Check out our awesome sponsors!
Fold: The best way to buy, use, and earn #Bitcoin on everything you do! Sats back on your debit card, gift cards, auto-buys, round-ups, you name it. Fold is the true bitcoiner’s banking. Get 20K sats for FREE using referral code bitcoinaudible.com/fold
Ready for best-in-class self custody?
Get the Jade here and use discount code ‘GUY’ to get 10% off (Link: bitcoinaudible.com/jade)
Trying to BUY BITCOIN?
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
Read_809 – Bitter Opposition to Bitcoin
“In a system that depends on irresponsible government spending (especially for perpetual war) and fiat printing to cover that irresponsibility, alarm bells cannot be allowed to work. There must be no pure price signals.
~ MacroScope
In “Bitter Opposition to Bitcoin,” the episode delves into the reasons behind policymakers’ aversion to Bitcoin, particularly the prospect of a Bitcoin ETF. What if the antagonism has nothing to do with the openly stated claims? Does Warren actually think Bitcoin is used by only criminals, or does she hate it for another reason entirely, one that cannot be admitted? We dive into a great little tweet from MacroScope in today’s show to find out.
Check out the original article at MacroScope on X. (Link: https://tinyurl.com/2dnxcvns)
Links to check out
Read_808 – Alan Kohler: Bitcoin is not a Ponzi bubble. It’s worse – an insurrection (Link: https://tinyurl.com/msvwx3fn)
Read_795 – Bitcoin is Dead (Long Live IBIT) (Link: https://tinyurl.com/hdma3hb5)
Atlas Shrugged by Ayn Rand (Link: https://tinyurl.com/yn3f6myd)
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)
Check out our awesome sponsors!
Get 10% off the COLDCARD with code BITCOINAUDIBLE (Link: bitcoinaudible.com/coldcard)
Swan: The best way to buy, learn, and earn #Bitcoin (Link: https://swanbitcoin.com)
“The first duty of a man is to think for himself”
~ Jose Marti
—
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Read_808 – Bitcoin is Worse than a Ponzi, It’s An Insurrection
“Bitcoin will probably crash again but it is neither a Ponzi scheme nor a bubble – it’s something far worse: It is an inherently secure, tightly-controlled asset with a regulated supply, and is therefore a subversion to the whole basis of free-market financial capitalism.”
~ Alan Kohler
What if Bitcoin is actually much worse than a Ponzi scheme? What if it’s both here to stay, but also a total subversion to the very idea of the system we are currently in? Could this be another insurrectionist attack on this great nation and others? What if the systems that keep us safe and keep our financial system secure and solvent were to be undermined by a new rogue asset, that could threaten the foundations of all we have built? Find out the dangers of Bitcoin in today’s read by Alan Kohler…
Check out the original article at Alan Kohler: Bitcoin is not a Ponzi bubble. It’s worse – an insurrection. (Link: https://tinyurl.com/33nnhbjn)
References from the show
Read_794 – Open Letter To Prospective ETF Buyers (Link: https://tinyurl.com/5d5fv93d)
“What does $6 trillion mean?” available on YouTube. (Link: https://www.youtube.com/watch?v=ojXxuibPLp4)
Guest Links
Alan Kohler on X (Link: https://twitter.com/AlanKohler)
Alan Kohler on The New Daily (Link: https://tinyurl.com/4z43zusc)
Host Links
Guy on Nostr (Link: http://tinyurl.com/2xc96ney)
Guy on X (Link: https://twitter.com/theguyswann)
Bitcoin Audible on X (Link: https://twitter.com/BitcoinAudible)
Check out our awesome sponsors!
Get 10% off the COLDCARD with code BITCOINAUDIBLE (Link: bitcoinaudible.com/coldcard)
Swan: The best way to buy, learn, and earn #Bitcoin (Link: https://swanbitcoin.com)
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Read_807 – A Measure of Sacrifice, Part 2
“Of all measurement instruments, the clock is the most valuable because so many of the things we sacrifice to create are not fungible. The massive clock towers of Europe, with their enormous loud and resonant bells, broadcasting time, fairly across the town and even the countryside, rather than the last relics of the medieval, were the first building block of the wealthy modern world.”
~ Nick Szabo
Part 2 of “A Measure of Sacrifice” delves into the profound impact of mechanical clocks on societal structures, emphasizing how the precise measurement of time transformed economic practices and labor relations. By creating a standardized and fungible measure of sacrifice — time — clocks facilitated the shift from serfdom and slavery to wage labor, showcasing the power of technological advancements in reshaping human interactions and values. How does this illuminate the value and role of Bitcoin in creating a new revolution in the measure and exchange of sacrifice, independently and verifiably? Could it end monetary slavery?
Check out the original article at A Measure of Sacrifice (Link: https://tinyurl.com/3j54336p)
Links from the commentary
What Does $6 Trillion Mean on Youtube (Link: https://tinyurl.com/2uf5rppp)
Guest Links
Nick Szabo on Twitter (Link: https://twitter.com/NickSzabo4)
Nick Szabo Website (Link: https://tinyurl.com/mw9dcysa)
Host Links
Guy on Nostr (Link: http://tinyurl.com/2xc96ney)
Guy on X (Link: https://twitter.com/theguyswann)
Bitcoin Audible on X (Link: https://twitter.com/BitcoinAudible)
Check out our awesome sponsors!
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Swan: The best way to buy, learn, and earn #Bitcoin (Link: https://swanbitcoin.com)
“When you want to help people, you tell them the truth. When you want to help yourself, you tell them what they want to hear.”
~ Thomas Sowell
—
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Read_806 – A Measure of Sacrifice, Part 1
“From an engineering perspective the mechanical clock with its novelty, the escapement, was by far the more important invention. In terms of its impact on contemporary temporal relationships, the mechanical clock and sandglass were of similar importance. The main innovations were the restructurings of the relationships themselves. Chief among these was the time-rate wage, which played a leading role the economic revolution that started in the late Middle Ages. — During this era physically coerced labor gave way to worker choice; serfdom and slavery succumbed to the time-rate wage.” ~ Nick Szabo
In this episode, we dive deep into the fascinating history of timekeeping and its revolutionary impact on society and our economy. Join me, Guy Swan, as we explore “A Measure of Sacrifice” by Nick Szabo, uncovering the profound connection between the evolution of clocks, the concept of proof of work, and our modern understanding of value and fairness. Don’t miss this journey through time—right here on Bitcoin Audible.
Check out the original article at A Measure of Sacrifice | Satoshi Nakamoto Institute. (Link: https://tinyurl.com/4dhej9dc)
Guest Links
[Guest Name] on X (Link: https://twitter.com/guest)
[Guest Name] on Nostr (Link: https://tinyurl.com/XXX)
[Guest/Company Website] (Link: https://example.com/)
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“There is no second best” ~ Michael Saylor
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Read_805 – Dear Crypto & Fiat Bros
“Whether you’re a rekt crypto bro or a friend of fiat, there is one thing that is especially difficult to accept. The one thing that sets Bitcoin apart: it all works without anyone in charge.”
~ Gigi
The crypto and fiat bros of the world are likely in shock as Bitcoin, once again, has not died. Once again, rallies toward all time highs despite the clear “unbacked tulip mania bubble” that it really is if you ask the typical fiat and crypto minded. I think it’s valuable to go back to a piece written by the ever-thought provoking mind of DerGigi in the very heart of the bear market. How could it be so clear that we were headed back here? What could lead to such conviction? What do we understand, that others don’t? Find out in today’s excellent read.
Check out the original article at Dear Crypto & Fiat Bros. (Link: https://tinyurl.com/5n9byjh9)
Guest Links
Gigi on X (Link: https://twitter.com/dergigi)
Gigi on Nostr (Link: https://tinyurl.com/4fstytkn)
Gigi’s Website (Link: https://dergigi.com/)
Host Links
Guy on Nostr (Link: http://tinyurl.com/2xc96ney)
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 (Link: https://swanbitcoin.com)
“Sometimes the questions are complicated and the answers are simple.”
~ Dr. Seuss
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Read_804 – The Past, Present, & Future of Offline Payments
“It might feel as if the promised future is perpetually out of reach, but building Lightning is a lot like climbing a mountain. Climbers never really see the summit until they’re standing on top of it. They often can’t even see over the next ridge. Planning the ascent is important, but most of the time you’re simply concentrating on the next foothold. But the steps add up. Just like the view from the top is the reward for all that effort, a brighter monetary future will be our reward for building the network bit by bit.”
~ Roy Sheinfeld
Today we dive into a short read covering an interesting technical challenge, but touches on a hint of truth that makes for a fascinating commentary to follow. It is easy to get lost and see where Bitcoin’s potential hasn’t lived up to impossible promises, but its critical that we not lose sight of where we have come from. To have a perspective rooted in reality weighing our progress from where we actually came, not lost in a foolish expectation and comparing to a falsely remembered past. Let’s dive into a great little piece from Roy Sheinfeld, CEO at Breez.
Check out the original article at The Past, Present, and Future of Offline Payments. (Link: http://tinyurl.com/mtmvatbx)
Mentioned in the episode
Chat_093 – P2P Payments for the World with Roy Sheinfeld (Link: http://tinyurl.com/3cv2ux2x)
Read_793 – How DigiCash Blew Everything (Link: http://tinyurl.com/2s49yer8)
Read_766 – Spiderchains, Proof of Stake L2. (Link: http://tinyurl.com/2vybksr8)
Chat_092 – Second Coming of the P2P Web (Link: http://tinyurl.com/37n6426t)
Guest Links
Roy Sheinfeld on X (Link: https://twitter.com/therealkingonly)
Host Links
Guy on Nostr (Link: http://tinyurl.com/2xc96ney)
Guy on X (Link: https://twitter.com/theguyswann)
Bitcoin Audible on X (Link: https://twitter.com/BitcoinAudible)
Check out our awesome sponsors!
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Swan: The best way to buy, learn, and earn #Bitcoin (Link: https://swanbitcoin.com)
“We can complain because rose bushes have thorns, or rejoice because thorns have roses.”
~ Alphonse Karr
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