Read_628 – How Bitcoin Can Unlock the Energy of the Ocean [Level39]
“A typical Bitcoin mining operation will spend considerable amounts of time, energy and money cooling their ASIC miners with air conditioning or liquid immersion cooling, and these costs eat into profitability. However, the main waste product of OTEC is a nearly-infinite and continuous supply of 5ºC cold water. Not only does OTEC produce free cooling, it provides a level of cooling that almost no one else in the mining industry has access to — enough to overclock mining rigs by 30% to 40%, according to Harmon. This allows OTEC to essentially achieve a power usage effectiveness (PUE) level of 1 — representing nearly perfect mining efficiency. It may very well be the most efficient way to mine Bitcoin.” – Level39
We may be on the verge of an energy revolution due to the incentives and characteristics of Bitcoin and proof of work mining. The ability to solidify and transport stranded energy may change everything. Find out more in today’s episode with a read from Level39 and Bitcoin Magazine.
Check out the original plus other great works from Level39 at the link below:
https://bitcoinmagazine.com/business/bitcoin-unlocks-ocean-energy
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Read_627 – Why and How to Get a Bitcoin Job [Stephan Livera]
“Coming off the Bitcoin 2022 conference, you might feel a little down from the high of meeting and spending time with Bitcoiners. I’ve also found that going to these events leaves you with an additional sense of urgency to do something more, or to become more involved somehow. One way to do that is to participate in Bitcoin projects or work in a Bitcoin job.” – Stephan Livera
For as many times as I’ve been asked about how best to get a Bitcoin job, its hard to admit that I have never done an episode on it. But thanks to Stephan Livera, we have a great article on exactly that topic to help those who feel that drive to commit fully to Bitcoin. An excellent article and fun Guy’s Take on getting a Bitcoiner job, and how to see and help solve problems in the space. Plus a NEW CO-HOST joins the show! Dont miss it!
The Why and How of Getting a Bitcoin Job:
https://bitcoinmagazine.com/business/why-and-how-getting-a-bitcoin-job
Bitcoin Jobs by Swan Bitcoin. Looking for a job in Bitcoin? This is where you start:
https://bitcoinerjobs.com/
For the best products and services to get you started in Bitcoin, our sponsors are literally a handful of those that I use most in this space:
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Read_Reboot – Why the Yuppie Elite Dismiss Bitcoin [Croesus]
“When I thought about what is the defining difference between the Bitcoin maximalists and my yuppie elite friends, the surface level distinctions that popped out were political (e.g., libertarianism, Trump support, second-amendment rights, Black Lives Matter). But these stem from a deeper divide: the degree to which a person has trust in the system.” – Croesus
Today we bring back an oldie but a goodie while Rad, the wife & myself are chillin int he hospital recovering from Rad’s journey into the world. Going to have tons of great stuff coming for you guys so don’t forget to subscribe and share this out with everyone you know in the Bitcoin space. Help them to explore Bitcoin from a strong, monetary, economic, and philosophy foundation.
Big thanks to Croesus for this great piece, and link to the original so you can check it out:
https://www.citadel21.com/why-the-yuppie-elite-dismiss-bitcoin
For the best products and services to get you started in Bitcoin, our sponsors are literally a handful of those that I use most in this space:
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Read_626 – Digital Alchemy, A Post-Mortem of the Crypto Crash [Lyn Alden]
“Several exchanges in the industry fuel bubbles for a quick buck as well. If something starts to get momentum, including meme coins like DOGE or SHIB that don’t realistically have a substantial future, they promote those coins to their users, which can suck retail investors into buying the bubble top. Plus, a lot of Youtube and TikTok influencers pump small coins, and use their audience as exit liquidity.” – Lyn Alden
For those of you who may be unaware, there was a recent blow up of a deca-billion dollar LUNA and TerraUSD algorithmic stablecoin. Essentially the entire market capitalization of UST and LUNA vanished in a matter of hours in a spectacular economic death spiral. How did this happen and what was the source of such an incredible risk of what had recently become one of the most promising “crypto” projects in recent months? Find out in Lyn Alden’s Post-Mortem of the Crypto Crash.
Check out the original plus Lyn’s other amazing work on her blog:
https://www.lynalden.com/digital-alchemy/
Another great piece from Lyn if you want to get ahead of the show:
https://www.lynalden.com/what-is-money/
For the best products and services to get you started in Bitcoin, our sponsors are literally a handful of those that I use most in this space:
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Read_625 – The Cascading of Interconnected Risk [Marty Bent]
“This created a ticking time bomb with a very short timer. That money was going to “work” in completely artificial markets that were being driven by pure central planning insanity instead of actual fundamentals. As everyone and their mother who had excess cash was shoveling it into financial and real estate assets, global supply chains were quickly breaking down.” – Marty Bent
Today we dig into what exactly is going on in the financial markets, why equities are crashing over a tiny increase in the Fed funds rate, what it means, and how on earth we found ourselves in this situation. It is core incentives built into our fiat monetary foundations that have created a world of leverage on top of leverage, and when the value of the collateral begins to correct, we witness “the cascading of interconnected risk…” Don’t miss this excellent piece from Marty Bent & Guy’s rant to follow on today’s show.
Link to the original and so you can sign up for Marty’s newsletter:
https://tftc.io/martys-bent/issue-1208-what-youre-witnessing-is-the-cascading-of-interconnected-risk/
Check out the episodes we did on Part of the Problem with Dave Smith discussing Bitcoin, the economic meltdown, and what the future might hold!
Part 1: https://open.spotify.com/episode/3KrG6cFlJOLAQsEWFHumVm?si=1a8cfd88268545af
Part 2: https://open.spotify.com/episode/40TMV3J008T94XjIY97MUR?si=c6c998776be446bc
For the best products and services to get you started in Bitcoin, our sponsors are literally a handful of those that I use most in this space:
• Get Bitcoin rewards on literally everything you buy with the Fold Card (guyswann.com/fold). Get 20% off with discount code BITCOINAUDIBLE.
• Buy Bitcoin automatically and painlessly with SwanBitcoin (swanbitcoin.com/guy)
• Keep your Bitcoin keys safe on the secure, open source BitBox02 (guyswann.com/bitbox). Discount code GUY gets you 5% off.
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Read_624 – Riding the Lightning Network [Sam Callahan]
“Despite all of these constraints, the free market finally provided the competition these incumbent banks so desperately needed. Bitcoin and the Lightning Network have arrived to show the world that we finally have the technology available to bring cheap global payments to everyone in the world.” – Sam Callahan
Today we dig into the absolute mess of differing standards, wall gardens, high fees, jurisdictional conflict, & liability risks that abound in our global financial and payments infrastructure. Why are cross border payments so slow and so expensive, and why specifically is it so much worse in the areas of the world where it is most higher needed? We explore all of this with Sam Callahan and the SwanBitcoin blog and dig into the fundamental reasons why Bitcoin and Lightning are here to finally, after decades of failed attempts and half measure, finally bring competition and innovation in a sphere that is absolutely ripe for massive disruption. Don’t miss this episode
Link to the original article for more great stuff on the blog and to follow Sam:
https://www.swanbitcoin.com/running-the-numbers-riding-the-lightning-network/
For the best products and services to get you started in Bitcoin, our sponsors are literally a handful of those that I use most in this space:
• Get Bitcoin rewards on literally everything you buy with the Fold Card (guyswann.com/fold). Get 20% off with discount code BITCOINAUDIBLE.
• Buy Bitcoin automatically and painlessly with SwanBitcoin (swanbitcoin.com/guy)
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Read_623 – Response to the Huffman Letter to the EPA [Bitcoin Mining Council]
“It is imperative that elected officials in the United States recognize that bitcoin, and the innovation of Proof of Work, is the most important financial, economic, and accounting innovation in the history of humanity.” – Bitcoin Mining Council
Today we read & discuss a thorough and well argued response to the unfortunate nonsense in the Huffman letter to the EPA written by 22 elected politicians. With numerous old, tired claims that are easily debunked with any search for real data or facts, to a handful of misleading and twisted claims that simply don’t reflect reality, the response does an excellent job of bringing sense to the table. Don’t miss it.
Link tot he original
https://bitcoinminingcouncil.com/wp-content/uploads/2022/05/Bitcoin_Letter_to_the_Environmental_Protection_Agency.pdf
For the best products and services to get you started in Bitcoin, our sponsors are literally a handful of those that I use most in this space:
• Get Bitcoin rewards on literally everything you buy with the Fold Card (guyswann.com/fold). Get 20% off with discount code BITCOINAUDIBLE.
• Buy Bitcoin automatically and painlessly with SwanBitcoin (swanbitcoin.com/guy)
• Keep your Bitcoin keys safe on the secure, open source BitBox02 (guyswann.com/bitbox). Discount code GUY gets you 5% off.
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Read_622 – Silent Payments & Secret Blinding Keys [Shinobi]
“One issue with Bitcoin’s privacy, the ability to receive funds without giving up valuable information, is addressed with ‘silent payments.'” – Shinobi
Today we dive back into privacy with payment codes, BIP47, how exactly it works, and then the recent proposal from Somsen on “silent payments” that takes this even a step further to limit the data load on the chain itself. Some really fun tricks here that help give much needed privacy to those who need it most. Listen to find out more.
Link to the original and tons of other great work from Shinobi & Bitcoin Magazine:
https://bitcoinmagazine.com/technical/bitcoin-silent-payments-secret-keys
For the best products and services to get you started in Bitcoin, our sponsors are literally a handful of those that I use most in this space:
• Get Bitcoin rewards on literally everything you buy with the Fold Card (guyswann.com/fold). Get 20% off with discount code BITCOINAUDIBLE.
• Buy Bitcoin automatically and painlessly with SwanBitcoin (swanbitcoin.com/guy)
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Read_621 – I Finance the Current Thing [Allen Farrington]
“Even if you knew this was complete and utter bullshit, and that being an agent and not a principal ethically and legally precludes you from pretending your politics is your job, can you imagine, dearest of readers, your absolute priority at all times being to appear minimally different to all your competitors and hence to mimic whatever stupid bullshit they are spouting, regardless of whether even a single such spouter is making one iota of sense?
You’ve just imagined ESG.” – Allen Farrington
Do you invest in The Current Thing? Do you put the sign in your store front, to make certain you are showing your support for The Current Thing? Breaking down, oh so eloquently, what this means and why we all seem to participate in this weird machine. Why we have ESG policies for massive asset management firms when the very idea of investing has essentially disappeared from the investment world. When money is political, everything is political. But the reckoning is on the way.
Link to the original, with many other works and reads to explore:
https://allenfarrington.medium.com/i-finance-the-current-thing-7ea204230315
Get your copy of the amazing book from Sacha Meyers and Allen Farrington (hopefully soon audible as well) at the link below:
https://www.amazon.com/Bitcoin-Venice-Essays-Future-Capitalism/dp/B09TTTGT11/ref=sr_1_1?crid=2AGZUFMOMFPQ9&keywords=bitcoin+is+venice&qid=1650945730&sprefix=bitcoin+is+venice%2Caps%2C224&sr=8-1
Lastly check out Havel’s epic piece on the nature of communism and the tools of ideology in maintaining pwoer, in “The Power of the Powerless.”
https://hac.bard.edu/amor-mundi/the-power-of-the-powerless-vaclav-havel-2011-12-23
For the best products and services to get you started in Bitcoin, our sponsors are literally a handful of those that I use most in this space:
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Read_620 – Reading of the Transcription of the Recording of the HODL vs DeaterBob “Debate” [Stephen Chow]
“You’re a thirsty bitch. You like to gargle Peter’s balls.” – DeaterBob
This is happening and there is nothing I can do about it at this point. Enjoy.
You can earn Bitcoin by Donating Plasma in a new pilot program. I’ve put the details for you at the link below:
guyswann.com/blood
For the best products and services to get you started in Bitcoin, our sponsors are literally a handful of those that I use most in this space:
• Get Bitcoin rewards on literally everything you buy with the Fold Card (guyswann.com/fold). Get 20% off with discount code BITCOINAUDIBLE.
• Buy Bitcoin automatically and painlessly with SwanBitcoin (swanbitcoin.com/guy)
• Keep your Bitcoin keys safe on the secure, open source BitBox02 (guyswann.com/bitbox). Discount code GUY gets you 5% off.
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Read_619 – Bitcoin Mining & The Gird, Part 1 – Generators [Blake King]
“Bitcoin miners are unique because of how fast, transparent, and flexible their response can be to pricing fluctuations.
Riot’s Whinstone mining farm in Texas is a perfect example of miners powering down during tight conditions in ERCOT. During winter storms in February 2022, the site powered down 99% of its operations to reduce load. This flexibility made headlines.
Now imagine if ERCOT has visibility of every miner over 10 MW that’s connected to the transmission network. The price at which the machines breakeven would then become an integral aspect of wholesale power pricing because the bitcoin miners themselves can set the wholesale price.” – Blake King
Simply put, if you want to understand the intricacies of Bitcoin mining and the energy grid, you don’t want to miss the first installment of this series. Follow Braiins and Blake King so you don’t miss the coming installments, as well as Bitcoin Audible to hear them all in audio.
LINK:
https://braiins.com/blog/bitcoin-mining-the-grid-generators
Check out the mentioned episode in the Guys’ Take by Croesus. Bitcoin & the American West:
https://podcasts.apple.com/us/podcast/read-587-bitcoin-the-american-west-croesus/id1359544516?i=1000545327475
You can earn Bitcoin by Donating Plasma in a new pilot program. I’ve put the details for you at the link below:
guyswann.com/blood
For the best products and services to get you started in Bitcoin, our sponsors are literally a handful of those that I use most in this space:
• Get Bitcoin rewards on literally everything you buy with the Fold Card (guyswann.com/fold). Get 20% off with discount code BITCOINAUDIBLE.
• Buy Bitcoin automatically and painlessly with SwanBitcoin (swanbitcoin.com/guy)
• Keep your Bitcoin keys safe on the secure, open source BitBox02 (guyswann.com/bitbox). Discount code GUY gets you 5% off.
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Read_618 – Expanding Functionality in Lightning Implementations [Shinobi]
“There are still many extensions to build out in the protocol and areas with unsolved scaling issues. In general, the Lightning protocol itself still has a long way to go in terms of solving existing issues and becoming robust and scalable enough to serve as a global transactional network on top of Bitcoin.” – Shinobi
Following up some of the incredible announcements and discussions at Bitcoin2022, Shinobi breaks down what is happening in the major Lightning implementations, the directions they are focused on, & what we may expect to see in Lightning evolution in the near term. Tons to cover in this great little piece from Bitcoin Magazine. Don’t forget to follow Shinobi on Twitter for a much needed perspective as we move into a new chapter for Bitcoin.
Check out the link and tons of other great stuff both from the author, Shinobi, and Bitcoin Magazine, at the link below:
https://bitcoinmagazine.com/technical/bitcoin-lightning-network-expanding-function
You can earn Bitcoin by Donating Plasma in a new pilot program. I’ve put the details for you at the link below:
guyswann.com/blood
Check out the Fountain app to test out the value-for-value system and listen to Bitcoin Audible for 1,000 free sats!
Fountain.fm
For the best products and services to get you started in Bitcoin, our sponsors are literally a handful of those that I use most in this space:
• Get Bitcoin rewards on literally everything you buy with the Fold Card (guyswann.com/fold). Get 20% off with discount code BITCOINAUDIBLE.
• Buy Bitcoin automatically and painlessly with SwanBitcoin (swanbitcoin.com/guy)
• Keep your Bitcoin keys safe on the secure, open source BitBox02 (guyswann.com/bitbox). Discount code GUY gets you 5% off.
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