Read_566 – Revenge of the Nodes – Part 1 – 20th Century Authoritarianism… [Aaron Segal]
“The individual investor is professionalizing at the end of one of the biggest, most Homeric blow-out parties of all time. Forgive the cliched baseball metaphor, but this is like a player being called up from the minor leagues right before the off-season, after a seven-game dramatic World Series finale.” – Aaron Segal
An incredible piece today from Bitcoin Magazine on the major trends of today, the growing and centralization of all markets, and the fall of freed markets to the 20th century institutions of authority. This is part 1 of 2 in a brilliant perspective on the state of the world and economy, and where Bitcoin fits into it all.
Check out the original at the link below, with tons of excellent data and graphics accompanying it that help give the magnitude of the situation we find ourselves in:
https://bitcoinmagazine.com/markets/bitcoin-is-driving-autonomy-over-authority
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Read_565 – Isaiah’s Job [Albert Jay Nock]
“The line of differentiation between the masses and the Remnant is set invariably by quality, not by circumstance. The Remnant are those who by force of intellect are able to apprehend these principles, and by force of character are able, at least measurably, to cleave to them. The masses are those who are unable to do either.” – Albert Jay Nock
Today we read an incredible piece posted in the Atlantic Monthly nearly a century ago, in 1936. Libertarian author Albert Jay Nock explains the nature of the masses, and of the Remnant. Why Isaiah the profit knew his message would not be received by the masses, why they did not have the force of character to live by it, & why it wouldn’t stop the ultimate collapse of society, but despite this, his message would serve the Remnant, and they would be those who built the world back from the rubble.
Check out the original at the link below, and explore other works by Albert Jay Nock
https://mises.org/library/isaiahs-job
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Read_564 – Only the Strong Survive – Part 3 [Allen Farrington & Big Al]
“As Gall’s Law suggests, we believe the general principle favoring Bitcoin’s layered architecture is not one of software engineering so much as engineering entirely in general, yet as elegantly applied to software.” – Only the Strong Survive
Listen to Part 1 if you haven’t yet! https://traffic.megaphone.fm/CSN7556187630.mp3?updated=1632359979
Part 2 https://traffic.megaphone.fm/CSN8589484720.mp3?updated=1632533362
Completing our journey through the incredible piece from Allen Farrington & Big Al, “Only the Strong Survive” with Part 3. Why “Crypto” is a violation of Gall’s Law, a fundamental philosophy of engineering all complex ecosystems and institutions, and why it’s very likely all that is actually valuable in Crypto, is likely to find its way on top of Bitcoin. Don’t miss the epic conclusion of “Only The Strong Survive.”
Follow Allen and Big Al for some top notch twitter experience and tons of other great work. Find more of their writing by exploring the audio library at BitcoinAudible.com
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Read_563 – Only the Strong Survive – Part 2 [Allen Farrington & Big Al]
“Lyn Alden captured this well in her excellent piece, An Economic Analysis of Ethereum, which we highly recommend in addition to our own. Similarly observing that there does seem to be a lot of “financial” activity on Ethereum, specifically: it’s what you would build if you were trying to replicate finance just by looking at it but not really understanding what the point of it all was”
Listen to Part 1 if you haven’t yet! https://traffic.megaphone.fm/CSN7556187630.mp3?updated=1632359979
Today we continue our journey through the incredible piece from Allen Farrington & Big Al, “Only the Strong Survive.” Today we dive deep into the logical reasons why “Crypto” is not actually finance, and what the fundamental errors are made in the investment rationale. Part 3 is on the way, so don’t forget to subscribe!
Follow Allen and Big Al for some top notch twitter experience and tons of other great work. Find more of their writing by exploring the audio library at BitcoinAudible.com
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Read_562 – Only the Strong Survive – Part 1 [Allen Farrington & Big Al]
“The consensus is what matters. The breakthrough of proof-of-work and the difficulty adjustment is far more about harnessing energy and existing communications infrastructure to calibrate incentives than it has to do with computation. Computation is a tool that makes the process more efficient and reliable, but Bitcoin is not itself a ‘computer.'”
We start our dive into the incredible piece from Allen Farrington & Big Al, on the complete philosophical, technical, & social case for the uncertain long term value in “Crypto” beyond Bitcoin. Starting with section 1 on the true innovation of Bitcoin, and section 2 on why “Crypto” is not actually decentralized. 2 More Parts coming later this week so don’t forget to subscribe!
Follow Allen and Big Al for some top notch twitter experience and tons of other great work. Find more of their writing by exploring the audio library at BitcoinAudible.com
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Read_561 – The Village and the Strongman [Alex Gladstein]
“Sandwiched between Guatemala and Honduras, El Salvador — the smallest and most densely populated country in Central America, with an average GDP per capita of around $3,500 — is a most unlikely ground zero for a financial revolution.” – Alex Gladstein
Gladstein is back with the full story of Bitcoin and El Salvador. What it’s like on the ground, the people it all started with, the responsibility we have as a community, & the history that gives much needed perspective to the actions of the political regime. You don’t want to miss this one.
Check out the original article and tons of other incredible work by Gladstein & others at Bitcoin Magazine:
https://bitcoinmagazine.com/culture/the-polarity-of-bitcoin-in-el-salvador
Endless thanks to Bitcoin Magazine and the LTB Network for the incredible content they bring to the Bitcoin ecosystem.
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Read_560 – The Schumpeterian Bitcoin Cycle [Prateek Goorha]
“Schumpeter would have loved Bitcoin. He would have seen in Bitcoin a living representation of his theory of capitalism, so often quoted but rarely understood. Creative destruction is the process by which capitalism continually rejuvenates itself. It is what drives markets forwards, constantly being refreshed with new ideas that destroy extant structures and erect better ones in their stead.” – Prateek Goorha & Andy Edstrom
Today we are digging into the evolution of the economy and the cycles of creative destruction that the most significant innovations create in the economic order. What is Bitcoin in this view, and how might these cycles map onto of the cycles within the Bitcoin system itself?
Check out the article, plus the others mentioned in today’s episode for further exploring the cycles of Bitcoin, innovation, and society:
The Schumpeterian Bitcoin Cycle:
https://goorha.medium.com/the-schumpeterian-bitcoin-cycle-e79543443bdf
Bitcoin and the Rhythms of History – By Brandon Quittem:
https://bitcoinaudible.com/bitcoin-and-the-rhythms-of-history/
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Read_559 – The Dollar Burden & Why the US Will Adopt Bitcoin [Ansel Lindner]
“we often hear the U.S. dollar called an “exorbitant privilege.” Namely, that the U.S. benefits disproportionately from the dollar’s reserve currency status. This article will detail why the current financial system has, in fact, been a burden on the United States, why the fiat dollar system is ending and what that means for the future of Bitcoin.” – Ansel Lindner
What if the dollar fiat reserve system isn’t actually a great privilege, but is actually a burden that wears on the US success and growth? What if the best path forward to renew US growth and its importance in the global economy, was to adopt a Bitcoin standard? Don’t miss another great Bitcoin Magazine read, this one from Ansel Lindner.
Check out the original article below, plus tons of other great works at Bitcoin Magazine:
https://bitcoinmagazine.com/markets/how-bitcoin-could-replace-the-u-s-dollar
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Read_558 – Why Bitcoin, The Full Series Audiobook [Tomer Strolight]
“For those with the curiosity to look, Bitcoin has emerged as a vast and mysterious space to explore, with treasures, dangers and untold potential. And similar to the Statue of Liberty’s beautiful but no longer true invitation, bitcoin beckons those who are tired, poor and yearning to breathe free to enter its realm and bask in the light of its gifts.” – Tomer Strolight
Why choose Bitcoin? Why Bitcoin is the new frontier. Why and how Bitcoin uses energy. Why everything that should hurt Bitcoin, only makes it stronger. Why Bitcoin is so much more than money. Why Bitcoin will end the worst heist in history, & 20 other amazing chapters in this incredible series by Tomer Strolight, covering so many different perspectives of Bitcoin. See and understand this incredible new technology from every angle imaginable, and find the answer to why Bitcoin?
Check out the full book PDF available at Swan Bitcoin below:
swanbitcoin.com/whybitcoin
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• And the BitBox02 hardware wallet for keeping those sats SAFE! You need a secure, intiutive way to hold your digital money in a digital vault. That’s the BitBox02 hardware wallet. Get 5% off with discount code “GUY” at guyswann.com/bitbox
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Read_557 – The Stairway to Omnipresence [DerGigi]
“the fact that bitcoin is now legal tender in a country is absolutely astonishing. Yesterday, some nerds discovered a system that allows magic internet money to emerge by sending messages back and forth. Today, a country decided to adopt this system as their currency” – DerGigi
Today we cover an excellent little piece from DerGigi that takes a step back and puts the news of legal tender in El Salvador into perspective. This isn’t just another bullet point, this is a key step in the realization of a global, open monetary system. This is a major more toward a Bitcoin Standard. Listen to find out more.
Check out all the incredible work by DerGigi and follow him at DerGigi.com:
https://dergigi.com/2021/09/09/moving-towards-a-bitcoin-standard/
Plus the threads covered in the Guy’s Take from BitcoinBeach linked below:
https://twitter.com/Bitcoinbeach/status/1434520062208118785?s=20
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Read_556 – Bitcoin Has Already Won [Akarsh Nalawade]
“There has never been a more secure, scarce, valuable, transportable, decentralized and networked asset in all of humanity’s history. It’s more mobile than gold. It appreciates faster than property. It’s supply is fixed unlike stocks and bonds. It’s payment network is faster and cheaper than Visa’s” – Akarsh Nalawade
With Lightning exploding on the scene and becoming the default means of interaction with the Bitcoin system, legal tender going live in El Salvador, the massive hash rate migration, and so much more, Bitcoin is becoming the impossible to ignore. Lindy in full display, Bitcoin may be doing more than simply winning, it may have already won. First time author Akarsh brings us a fun, short piece making the case that the battle is already over, we are simply waiting for the dust to settle.
Check out the original piece on Medium and the other works by Akarsh at the link below:
https://akarshnalawade01.medium.com/bitcoin-has-already-won-ea028936f016
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Read_555 – The Bitcoin Energy Debate & the Gold Resource Cost Debate [Nic Carter]
“Long before we had the Bitcoin energy debate, we had the gold resource cost debate. The contours were similar: the costs associated with gold refining and extraction were a waste; they were too great relative to a mere fiat standard in which notes could be printed for virtually nothing.” – Nic Carter
Great piece today from Nic Carter published on Bitcoin Magazine. The energy cost debate of Bitcoin might not be quite what it seems to be. And we can take a lesson from history by understanding the long, ongoing debate about the resource costs of the Gold standard.
Check out the original article at the link below, plus tons of great stuff from Bitcoin Magazine:
https://bitcoinmagazine.com/culture/bitcoin-and-gold-energy-debate
Don’t forget to check out our awesome sponsors!
5% off the BitBox02 with code “GUY,” your bank grade digital vault for your Bitcoin keys from Shiftcrypto.ch
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