Read_752 – Bitcoin Becomes the Flag of Technology [Balaji S. Srinivasan]
“Bitcoin represents the explicit encoding of previously implicit values of the tech community. It’s not just software — it is a Schelling point and a symbol. As such, it will become widely recognized as the flag of technology over the course of the 2020s.” — Balaji S. Srinivasan
Today we cover another read from Anil’s Bitcoin Essentials list, this time from Balaji Srinivasan. Balaji has a way with words and always brings a unique, high level mental frame to how the world is unfolding. He seems to have a gift of talking about the current state of the world, as if he is seeing it through the lens of history. With that perspective, he examines the aggressive technological shifts and the Bitcoin system to parse out the values of each, and explain, in his words, why he believes Bitcoin will become the flag for the technological revolution.
Check out the original article: Bitcoin becomes the Flag of Technology
Links:
Anils reading list: Essential Bitcoin Essays: A Reading List
Link to rap battle: Bitcoin Rap Battle Debate: Hamilton vs. Satoshi (BITCOIN GIVEAWAY) [feat. EpicLloyd, TimDeLaGhetto] – YouTube
Balaji’s Twitter: @balajis
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Read_751 – Decentralization: Why Dumb Networks Are Better [Andreas Antonopolous]
“Some networks are “smart.” They offer sophisticated services that can be delivered to very simple end-user devices on the “edge” of the network. Other networks are “dumb” — they offer only a very basic service and require that the end-user devices are intelligent. What’s smart about dumb networks is that they push innovation to the edge, giving end-users control over the pace and direction of innovation. Simplicity at the center allows for complexity at the edge, which fosters the vast decentralization of services.Surprisingly, then, “dumb” networks are the smart choice for innovation and freedom.” — Andreas Antonopolous
Today we read another “Bitcoin classic” that deserves a place on the Bitcoin Audible catalog. Back from 2015, Andreas writes an incredible piece, still fundamental to understanding Bitcoin and the nature of decentralization to this day, why “dumb” networks are better. What does he mean by this, and why would a dumb network foster innovation, where a smart network stifles it? Don’t miss this essential piece of Bitcoin history.
Andreas’ Website: https://aantonop.com/
Anil’s reads list: Essential Bitcoin Essays: A Reading List
Check out the original article: Decentralization: Why Dumb Networks Are Better – Foundation for Economic Education
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“Liberty is not merely one particular value…it is the source and condition of most moral values. What a free society offers to the individual is much more than what he would be able to do if only he were free.” — F.A. Hayek
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Read_749 – Economics of Bitcoin as a Settlement Network [Saifedean]
“The obsession with consumer payments in the Bitcoin community is an unfortunate relic of the fiat money era. Generations that have only known monetary hot potatoes that need to be spent before they devalue have come to view life as a quest of mass consumption.” — Saifedean Ammous
Today we hit an historical piece from the one and only Saifedean on the economics of Bitcoin for global settlement. While so many fail to recognize the deeper value of money, rather than the shallow service of payments, Saif breaks down the fundamental value of Bitcoin’s incredible settlement assurances, and the economics that will dominate the system’s use in the future. A classic from the Nakamoto Institute.
PS. Yes, I know I skipped a number so we are fixing that today. XD
Heck out the original article plus the incredible list of phenomenal knowledge available at the Nakamoto Institute: https://nakamotoinstitute.org/mempool/economics-of-bitcoin-as-a-settlement-network/?ref=teachingbtc.com
Anil’s reads list: Essential Bitcoin Essays: A Reading List
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“Nowadays people know the price of everything and the value of nothing.” — Oscar Wilde
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Read_750 – Capital in the 21st Century [Allen Farrington]
“To do our best to minimize the economics jargon once again, we might simply ask: what are you going to do with your time? Are you going to create or consume? And how do the characteristics of money, as the salable representation of that time, influence your decision? I sincerely believe that this is the killer app for Bitcoin: pricing capital. If there were ever a time to say that Bitcoin Fixes This, here it is.” — Allen Farrington
On the announcement of AxiomBTC, Allen Farrington writes an incredible introductory paper on the concept behind their project and what the true purpose and power of Bitcoin really is. This is how we take Bitcoin into the future, this is how we let Bitcoin allocate resources to fix the problems of our fiat world. And don’t miss the intense Guy’s Rant that Allen’s work always seems to inspire…
Check out the original article at: Capital in the 21st Century — Axiom
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“Growth for the sake of growth is the ideology of the cancer cell.”
— Edward Abbey
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Read_748 – Bitcoin & the Rise of the Cypherpunks [Lopp]
“While many of the innovations in the space are new, they’re built on decades of work that led to this point. By tracing this history, we can understand the motivations behind the movement that spawned bitcoin and share its vision for the future.”
Context matters. If you don’t know the history of the cypherpunks and where we are coming from. Then you may not really know where we are today. Listen to Lopp’s amazing piece from 2016, Bitcoin & the Rise of the Cypherpunks.
Check out the original article at: Bitcoin and the Rise of the Cypherpunks
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“All political theories assume…that most individuals are very ignorant. Those who plead for liberty differ…in that they include among the ignorant themselves as well as the wisest.” — F.A. Hayek
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Read_747 – The Bondholder’s Burning Platform [Croesus]
“Since 1800, in 51 out of 52 cases where a country’s debt-to-GDP ratio reached 130%, the country eventually defaulted. The only exception is current Japan, who is frankly in the final stages of circling the drain (e.g., central bank asset purchases and yield curve control).
Where is the US now? 129% debt-to-GDP.” — Jesse Myers
Don’t miss this excellent breakdown and visual analogy for the state of government debt and the promises of the US Treasury and the impossibility of a stable or growing value of the dollar in the future. The debt will be paid, in nominal terms, but the ability to hide the value loss in inflation overseas, is not holding up. Then add to this the BRICS nations establishing an eastern block of economic and monetary power… and you have a recipe for fire. Hope you aren’t invested in wood…
Check out the article and the many other great links mentioned in the show:
The Bondholder’s Burning Platform – by Jesse Myers:
https://www.onceinaspecies.com/p/the-bondholders-burning-platform
The Capital Strip Mine:
https://open.spotify.com/episode/6ifbWDnYHRGxrhd1NPv4BS?si=4da8844065a74db1
Read_587 – Bitcoin & The American West:
https://open.spotify.com/episode/0yEVCnBkTHT4IL01hEwTGe?si=c131120a77d34283
Read_512 – Why The Yuppie Elite Dismiss Bitcoin:
https://open.spotify.com/episode/0opbypclyNDF1GtwiL6Nbo?si=7d426c81415a43b8
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“All that is gold does not glitter, Not all those who wander are lost.” — J.R.R. Tolkien
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Read_Reboot – Bitcoin and The American Idea [Alex Gladstein]
“Today Americans celebrate 246 years of independence from the British Empire. On this day in 1776 the Founding Fathers made a declaration. It was a bold and risky action. Never before had a colonial state defeated its overlord, especially at the apex of its global power.” — Alex Gladstein
For Independence Day and for all those travelers out there I’m bringing back an absolutely amazing piece by the one and only Alex Gladstein. If you haven’t heard it, then you are welcome for bringing it back. If you have heard it already… then you are welcome for bringing it back
Link to the original where you’ll also find Gladstein’s other great works:
https://bitcoinmagazine.com/culture/bitcoin-and-the-american-idea
HAPPY 4TH!
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“The price of freedom is eternal vigilance.” — Thomas Jefferson
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Read_746 – Orange Pilling Your Barber [Hector Alvero]
“Your barber or stylist likely has the broadest network of anyone you know. People from every walk of life, including business owners, accountants, teachers, firefighters and politicians, sit in their chairs, sometimes for hours. It is likely that no one else in your sphere of influence has the amount of time and trust to help others learn about and understand Bitcoin.” — Hector Alvero
We dive into a great, succinct Bitcoin Magazine article today on a surprisingly ripe, yet untapped resource for orange pilling. By focusing on the cultural mavens, those with the broadest networks and a unique environment for sharing ideas, could there be a shortcut to hyperbitcoinization? Hector makes a decent case that there might jsut be…
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“That is the paradox of the epidemic: that in order to create one contagious movement, you often have to create many small movements first.” ― Malcolm Gladwell
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Read_745 – Every Company Will Be A Lightning Company [Graham Krizek]
“Neither a startup nor a bank will ever be able to cost-effectively compete on a global scale with the Lightning Network.” — Graham Krizek
Today we hit a really interesting piece from the founder and CEO of Voltage digging into the recent decades development of every tech company moving to in-house financial instruments and cards. What the problems are that they have sought to get around, why they still get stuck with a plethora of other banking intermediaries, and why lightning not only offers very unique solutions, but also benefits that the fiat alternative can’t fundamentally do. Lightning feels like its positioned for another exciting period of growth. Don’t miss this short read from Krizek followed by a Guy’s Take on why every company, will be a lightning company.
Link to the article on Medium, Every Company Will Be A Lightning Company | by Graham Krizek: https://medium.com/@graham_krizek/every-company-will-be-a-lightning-company-806576920064
Guy’s Nostr Pubkey: npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev
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“Rather than love, than money, than fame, give me truth.” — Henry David Thoreau
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Read_744 – How To Position for the Bitcoin Boom, Part 2 [Adamant Research]
“Investing in bitcoin, we believe, is like having the ability to buy shares of a general “Internet ETF” back in the early 1990s, or like being able to buy undeveloped land on Manhattan Island at the start of the Industrial Revolution—it’s the opportunity of a lifetime.” — Adamant Research
Today we finish yesterday’s incredible report on how to think about the market opportunities, risk, and incredible potential rewards as we move forward and how best to secure and protect an investment in the ecosystem. All this and tons more in a lengthy Guy’s Take to follow, lol. Don’t miss it.
Check out the original report for more details, quotes, and further analysis from its author’s at the link below:
https://unchained.com/how-to-position-bitcoin-boom
Guy’s Nostr Pubkey: npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev
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“A complex system that works is invariably found to have evolved from a simple system that worked. The inverse proposition also appears to be true: A complex system designed from scratch never works and cannot be made to work. You have to start over, beginning with a working simple system.” — John Gall, Systemantics
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Read_743 – How to Position for the Bitcoin Boom, Part 1 [Adamant Research]
“bitcoin is a protocol stack which we can expect to be expanding for many decades, and its foundation is that lean, simple database defended by the world’s strongest firewall; the bitcoin blockchain. In sum, we recommend to not worry about “diversification” in cryptocurrencies and to focus exclusively on bitcoin. It’s the right tool for the job, so pick it up and add it to your toolbox.” — Adamant Research
Today we dive into the amazing report from Adamant Research who have marked the key zones in the bear market of Bitcoin for the better part of a decade. Every time they have grounded, thorough analysis of the state of the market, the on-chain data that supports the longer term position in the cycle, and where the most compelling market position Bitcoin is likely to take moving forward.
Check out the original report with tons of graphics and extra details to explore, plus the amazing library of posts and data available from Adamant and Unchained: https://unchained.com/how-to-position-bitcoin-boom
Guy’s Nostr Pubkey: npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev
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https://swanbitcoin.com/guy
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“I learned very early the difference between knowing the name of something and knowing something.” – Richard P. Feynman
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Read_742 – Trust Me Bro [Allen Farrington]
“Expect BlackRock to turn around and shill this to banks, and in particular big banks, such that JPMorgan, for example, can itself turn around and offer “Bitcoin” to its own clients. Of course, it will be an IOU to the BlackRock Stack O’Sats™ that you can transfer to your friend’s Bank Of America Bitcoin IOU account at your leisure. In other words, in short order, the entirety of the Blue Banks’ asset base becomes a funnel into the matrix of the pseudo-Bitcoin narrative attack vector… on the back of all the previous points, expect BlackRock and Coinbase to dominate flows and hence effectively control pricing.” — Allen Farrington
Today we dive into the BlackRock “ETF”, what it actually is, what it isn’t, and what it means for Bitcoin. It isn’t all NgU and sunshine and rainbows.
Check out the article and Allen’s other writing at the link: https://allenfarrington.medium.com/trust-me-bro-fb5a25964634
Allen’s Nostr Pubkey: npub1sfhflz2msx45rfzjyf5tyj0x35pv4qtq3hh4v2jf8nhrtl79cavsl2ymqt
Guy’s Nostr Pubkey: npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev
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“Once wide coercive powers are given to government agencies…such powers cannot be effectively controlled.” — F.A. Hayek
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