Read_497 – Bitcoin is Venice [Allen Farrington]
“Does anybody really believe that, having fully understood the choice they face, any individual would choose to save in a self-referentially mispriced toxic loan rather than a provably sound digital bearer asset? Or, more simply still, that they will think it makes less sense to hold money that is a pure asset than money that is literally defined as a liability? Why not opt into a financial system that is built on trustless verifiability rather than unverifiable trust?” – Allen Farrington
Today’s amazing read simply needs to be listened to. Bitcoin is Venice, a continuation of the Wittgenstein’s Money series from Allen F. Don’t forget to follow Allen on Twitter & Medium.
Check out the original article below to drop applause and check out Allen’s other amazing work:
https://allenfarrington.medium.com/bitcoin-is-venice-8414dda42070
Audio for his other recent piece, Wittgenstein’s Money (And other article mentioned in the show) can be found below:
https://bitcoinaudible.com/?p=5659
Follow up to Wittgenstein’s Money – Guy’s Take #40:
https://bitcoinaudible.com/?p=5661
Bitcoin is Worse is Better:
https://bitcoinaudible.com/?p=3491
Walking Tall – Guy’s Take #36:
https://bitcoinaudible.com/?p=4933
Hayek’s Use of Knowledge in Society:
https://bitcoinaudible.com/?p=2902
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Read_496 – Stocks Don’t Truly Discover Price, Bitcoin Fixes This [Casey]
“When we begin to value things in bitcoin, we can find their legitimate value, as bitcoin is the most legitimately-valued money. There are no manipulations of supply, or buybacks, or quantitative easing or laws protecting value — only direct valuation.” – Casey
Bitcoin may appear volatile, but how does it make sense to measure the volatility of an asset with extremely stable & predictable supply, in an asset who’s supply is horrifically volatile & unpredictable? What happens when we turn that image on its head, and start pricing the world in Bitcoin, the hardest monetary asset in the world? Today’s episode is all about it, with Casey’s Bitcoin Magazine article: “Stocks Don’t Truly Discover Price, Bitcoin Fixes This.”
Check out the original article by Casey and so much more at Bitcoin Magazine with the link below:
https://bitcoinmagazine.com/articles/stocks-dont-truly-discover-price-bitcoin-fixes-this
Huge thank you to the LTBNetwork & Bitcoin Magazine for being such an incredible resource for the Bitcoin ecosystem!
letstalkbitcoin.com
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Read_495 – An Economic Analysis of Ethereum [Lyn Alden]
“The annual issuance rate with all those annotations kind of looks like it was drawn by a Bitcoiner making fun of Ethereum, but instead that’s from an Ethereum source. Various Ethereum Improvement Proposals or “EIPs” by developers have changed its monetary policy over time as needed for various reasons.” – Lyn Alden
Lyn Alden always brings a clear, investor centered perspective to the space which I highly value. With no “crypto” or Bitcoin baggage she takes a rational view of digital assets from their long term investment potential. In today’s piece, let’s find out what she sees in “An Economic Analysis of Ethereum.”
Check out the original article below:
https://www.lynalden.com/ethereum-analysis/
A huge Thank You to the Bitcoin Audible Sponsors:
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Read_494 – Lightning Economics: Learning to Love Inbound Liquidity [Roy Sheinfeld]
“Supplying liquidity is an investment, and we need to treat it accordingly. Like lending money or buying stock, investors commit capital for a period and expect a return that increases over time.” – Roy Sheinfeld
Now that we are entering Chapter 2 of Bitcoin where the free and open network begins to act as a backbone for financial infrastructure made possible by the Lightning network and global Bitcoin liquidity, we dive into the economics of Lightning with the Breez Technology CEO, Roy Sheinfeld. Is inbound liquidity really a “problem,” or is it a new market dynamic that will drive an entire industry? Find out in today’s awesome article…
Lightning Economics: How I Learned to Stop Worrying and Love Inbound Liquidity
https://medium.com/breez-technology/lightning-economics-how-i-learned-to-stop-worrying-and-love-inbound-liquidity-511d05aa8b8b
A huge Thank You to the Bitcoin Audible Sponsors:
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Read_493 – Asset DNA, Explaining Bitcoin’s Speculative Attack [Croesus]
“if the representation of reality in this article is correct, the highest and best use of a dollar of debt may simply be to buy bitcoin. Many more individuals and entities will leverage this asymmetry for personal gain into the future.” – Croesus
With increased attention on the Bitcoin price and the speculative attack by Michael Saylor himself having paid off so extraordinarily well, its time to revisit the concept with an article by Croesus_BTC at Bitcoin Magazine. Its not merely something that might occur, or just a fun thought experiment, its in the very DNA of these assets. Borrowing dollars in a manipulated, low interest environment, may find its most productive and valuable use in simply buying Bitcoin.
Check out the great visuals and the many other excellent articles at Bitcoin Magazine below:
https://bitcoinmagazine.com/articles/asset-dna-explaining-bitcoins-speculative-attack-on-the-dollar
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Read_492 – What I Really Think of Bitcoin [Ray Dalio]
“I believe Bitcoin is one hell of an invention. To have invented a new type of money via a system that is programmed into a computer and that has worked for around 10 years and is rapidly gaining popularity as both a type of money and a storehold of wealth is an amazing accomplishment.” – Ray Dalio
We read a great piece by Ray Dalio to get his thoughts, concerns, & criticisms of Bitcoin as well as Guy’s Take trying to answer those criticisms and making sense of the mental model that will better make sense of these monetary technologies. Rather than trust the sound bites and the tweets, let’s hear exactly what Ray has to say.
What I Really Think About Bitcoin:
https://www.linkedin.com/pulse/what-i-really-think-bitcoin-ray-dalio
Dont forget to check out the episode I mentioned in the commentary on Schelling Points, Network Effects, & Lindy:
https://bitcoinaudible.com/?p=4504
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Read_491 – Bitcoin Astronomy – The Second Law [Dhruv Bansal]
“Perhaps one of the great ironies of the future will be the Solcoin alliance between urbane Terrans and hillbilly belters.” – Dhruv Bansal
Continuing our awesome walk through Dhruv’s excellent Bitcoin Astronomy series we hit Part 2 today! What does a Type II blockchain look like when we scale to a Type II society? What time scales do they operate on, and what horizons will they enable us to conquer? Can multiple blockchains resonate with each other, or is one doomed to collapse into another? You ahve to listen to find out!
Check out the original article plus the incredible amount of other great writing at the Unchained Capital Blog:
https://unchained-capital.com/blog/bitcoin-astronomy-part-ii/
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Read_Reboot – Bitcoin Astronomy #1 [Dhruv Bansal]
Preparing for the Second Part of Dhruv’s incredible series, today we have a reboot of Part 1!
Equal parts entertaining & intellectually intriguing, we start with Part 1 of Dhruv Bansal’s wonderful piece, Bitcoin Astronomy! The interplanetary center of hash, the Law of Hash Horizons, the Muskcoin Revolution, retaliation of the Bitcoin Empire, and the total economic devastation of the Hash Bomb! How could you not want to know more?
Another one from the excellent content over at the Unchained Capital Blog:
https://www.unchained-capital.com/blog/law-of-hash-horizons/
Stack sats automatically and get $10 free to start with my referral link:
http://swanbitcoin.com/guy
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Read_490 – How this Bull Run is Different [Abhay Aluri]
“People aren’t trading bitcoin, they’re accumulating more and more of it over time and holding it long term (aka, “stacking sats“). This is evident not only through the raw on-chain data and exchange flows, but also through consumer behavior.” – Abhay Aluri
We aren’t in the same world, nor the same phase of Bitcoin as we were in 2017. This bull run seems not to be fueled by retail speculation and wall street gamblers, but instead its entering a phase where its a truly legitimized, investment grade asset that is being used as a first layer money to hedge against the infrastructure of the financial system, as well as against the increasing volatility and devaluation seen across all fiat currency. Another great article from Bitcoin Magazine, by author Abhay Aluri, “Bitcoin 2017 v 2021: How This Bull Run is Different.”
Check out the original article at the length below:
https://bitcoinmagazine.com/articles/bitcoin-2017-vs-2021-how-this-bull-run-is-different
Don’t forget to check out the other articles by Abhay linked in this piece:
https://ryze.substack.com/p/bitcoin-as-the-ultimate-insurance
https://ryze.substack.com/p/money-printing-inflation-and-the
Stack sats automatically and get $10 free to start with my referral link:
http://swanbitcoin.com/guy
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Thanks to the amazing team over at BTCMedia and the LTBNetwork for sharing this show and don’t forget to check out the Bitcoin2021 Conference and get your tickets if you haven’t yet!! It’s gonna be LiT!
https://b.tc/conference
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Read_489 – The Cantillon Effect 2.0 – Bitcoin is the First Truly Fair Money [CK_snarks & Deniz Saat]
“Because of Nakamoto’s deliberate actions and Bitcoin’s permissionless, free & open-source nature, bitcoin is the first truly neutral money. Bitcoin eliminates the inherent unfairness that comes with all previous monies as well as any need to trust a third party in order to use Bitcoin.” – CK & Deniz Saat
The inherent problem with our monetary system is a systemic & inescapable unfairness. Bitcoin is provably, the fairest money that has ever existed. If you actually believe in equality, that everyone should play by the same rules, then there is no defensibility of our current money. For justice & equality, Bitcoin isn’t just a better option, its the only option.
Today’s amazing read from Christian Keroles & Deniz Saat, another amazing Bitcoin Magazine piece:
“The Cantillon Effect 2.0 – Bitcoin is the World’s First Truly Fair Money”
https://bitcoinmagazine.com/articles/cantillon-effect-2-0-bitcoin-is-the-worlds-first-truly-fair-money
Another great episode was our recent reads, both from Bitcoin Magazine, first on “Winning Hearts and Minds for Bitcoin,” by Andy Edstrom & Peter McCormack:
https://anchor.fm/thecryptoconomy/episodes/Read_487—Winning-Hearts–Minds-for-Bitcoin-Andy-Edstrom–Peter-McCormack-ep6s5k
And then CK’s previous piece on the podcast, “The Sovereign Company Thesis”:
https://anchor.fm/thecryptoconomy/episodes/Read_475—The-Sovereign-Company-Thesis-Christian-Keroles-env68o
Don’t forget to explore our awesome sponsors and their products at the links below:
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And a final thanks to the amazing Bitcoin Magazine and LTBNetwork. The service these guys are doing for the Bitcoin space is incalculable!
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Read_488 – Wittgenstein’s Money [Allen]
“What would it seem like if it did seem like a global, digital, sound, open source, programmable money was monetizing from absolute zero?” – Allenf32
Today’s piece is a remarkable and just fun article that dismisses defending Bitcoin against the static arguments that can’t be money because it is too volatile to “store value,” isn’t a widely used “unit of account,” & isn’t used as a “medium of exchange,” but rather it flips the perspective on its head. Instead of trying to prove that Bitcoin is or will be money, why don’t we go back to the beginning and ask what it *would* look like, if a new digital money was being monetized from zero?
This is one of my favorite of recent episodes, and we will have an awesome Guy’s Take on this soon, so don’t forget to subscribe! Check out the original article and drop massive applause on this piece at Allen’s medium page:
https://allenfarrington.medium.com/wittgensteins-money-7cac8d0635cf
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Read_487 – Winning Hearts & Minds for Bitcoin [Andy Edstrom & Peter McCormack]
“In a world in which governments and companies continually encroach on personal liberties via surveillance and outright control, Bitcoin shines like a beacon of freedom.” – Andy Edstrom & Peter McCormack
The anti-bitcoin narratives are going to flood in and have already started. We need to be ready for it, and that’s why this piece by Andy Edstrom & Peter McCormack is a required listen/read. How do we answer the Fed, how do we respond to the propaganda and the ignorance? Find out in another of Bitcoin Magazine’s incredible recent pieces title, “Winning Hearts & Minds for Bitcoin”
Check out the original at the link below, plus the incredible library of articles dropping every day at the link below:
https://bitcoinmagazine.com/articles/winning-hearts-and-minds-for-bitcoin
Mentioned at the beginning of the show is BtcMag’s page dedicated to everything busting the Energy FUD, keep it for quick reference:
https://bitcoinmagazine.com/tags/energy-consumption
Don’t forget to explore our awesome sponsors and their products at the links below:
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And a final thanks to the amazing Bitcoin Magazine and LTBNetwork. The service these guys are doing for the Bitcoin space is incalculable!
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