Read_512 – 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
Why is it that some of the most intelligent people can both be the first to grasp the astounding benefit and value of Bitcoin, but simultaneously be the ones who dismiss it with the greatest prejudice, and refuse to entertain that there may be anything at all of value? What is the difference between those two groups, can we narrow down where the core problem loves? Find out in today’s read by Croesus at the amazing Citadel21 publication. Titled…
Why the Yuppie Elite Dismiss Bitcoin
https://www.citadel21.com/why-the-yuppie-elite-dismiss-bitcoin
Shout out to Preston Pysh for reminding me of this one, and to Citadel21 for their amazing resource and collection of works. They also happen to be today’s “Bitcoin Resource” and I highly recommend doing a little exploring over on their page below:
https://www.citadel21.com/
A huge thank you to our amazing sponsors:
SwanBitcoin – The #1 place to setup your automatic Bitcoin savings plan! (SwanBitcoin.com/guy)
BitBox – Minimal, user friendly, secure, Swiss made, open source, hardware wallet (guyswann.com/BitBox)
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Read_511 – Debunking the Empty Block Attack [Jimmy Song]
“The empty block attack is one where a majority of mining power would be directed at mining only empty blocks and rejecting non-empty blocks. These miners would essentially execute a soft-fork where all non-empty blocks would be rejected. Given that they have a majority of hashing power on the network, so the thinking goes, they will eventually get the longer chain even if other miners were to mine non-empty blocks. If only empty blocks are being mined, all activity on the network would stop and so, the thinking goes, Bitcoin would be killed.” – Jimmy Song
With another bull market, comes another avalanche of the same old FUD. Today we hit an excellent little article from Jimmy Song taking the time to thoroughly debunk the again popular, “Empty Block Attack” scenario from a potential nation-state adversary. Don’t miss today’s article if you have been exhausted with answering the twitter flood of new people certain they have the inside secret to killing Bitcoin.
Debunking the Empty Block Attack:
https://jimmysong.medium.com/debunking-the-empty-block-attack-10513858b3f8
A huge thank you to our amazing sponsors:
SwanBitcoin – The #1 place to setup your automatic Bitcoin savings plan! (SwanBitcoin.com/guy)
BitBox – Minimal, user friendly, secure, Swiss made, open source, hardware wallet (guyswann.com/BitBox)
Today’s Resource is Jimmy Song’s “Programming Bitcoin,” for those who really want to get into the dirty details of Bitcoin and how it works, and want to walk through the code and understand it on an entirely new level, this is the resource you are missing. Check it out at the link below:
https://amzn.to/2RSlnTb
For more amazing articles on this topic & all the other incredible works in the Bitcoin space, check out the 100s of great works in the Bitcoin Audible Library:
https://bitcoinaudible.com/?page_id=5764
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Read_510 – Bitcoin Will Save Our Earth [Evan Bayless]
“Bitcoin is not taking gas from your car or electricity from your house, it is making power production more efficient, utilizing otherwise “stranded” energy sources and helping to fund the development of renewable energy technologies.” – Evan Bayless
With the constant flood of ignorance and incredible mental laziness in the conversation of Bitcoin’s energy consumption, its always good to have another perspective and more knowledge on not only why its not nearly as simple as portrayed, but that its extremely likely to be the exact opposite of what the detractors claim. A great piece from Evan Bayless on Bitcoin Magazine…
Bitcoin Will Save Our Earth
https://bitcoinmagazine.com/business/bitcoin-will-save-our-earth
A huge thank you to our amazing sponsors:
SwanBitcoin – The #1 place to setup your automatic Bitcoin savings plan! (SwanBitcoin.com/guy)
BitBox – Minimal, user friendly, secure, Swiss made, open source, hardware wallet (guyswann.com/BitBox)
For more amazing articles on this topic and energy in general around Bitcoin ming, check out the hundreds of great piece in the Bitcoin Audible Library:
https://bitcoinaudible.com/?page_id=5764
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Read_509 – Fidelity: Addressing Persisting Bitcoin Criticisms [Ria Bhutoria]
“Bitcoin is a unique digital asset for an increasingly digital world that requires digging deeper than the surface level to understand its core properties and trade-offs.” – Ria Bhutoria
Fidelity writes another great piece this time addressing he persisting and common criticisms of Bitcoin that the new entrants to the ecosystem continue to falsely hold as major, valid concerns. Bitcoin is a complicated and nuanced technology. Unfortunately, this means baseless or clearly erroneous criticisms stick around for far longer than their validity would seem to warrant. So with another great post from Fidelity, let’s answer them yet again.
Fidelity Digital Assets
Addressing Persisting Bitcoin Criticisms:
https://www.fidelitydigitalassets.com/articles/addressing-bitcoin-criticisms
Follow Ria on social media:
https://twitter.com/riabhutoria
A huge thank you to our amazing sponsors:
SwanBitcoin – The #1 place to setup your automatic Bitcoin savings plan! (SwanBitcoin.com/guy)
BitBox – Minimal, user friendly, secure, Swiss made, open source, hardware wallet (guyswann.com/BitBox)
Today’s Bitcoin Resource:
Sphinx App, Chat & Lightning! Check them out at Sphinx.chat to get started on the encrypted chat and payments app run entirely over the Lightning network.
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Read_508 – Sovereignism Part 1 – Digital Creative Destruction [Robert Breedlove]
“To state it plainly: Bitcoin is a momentous monetary innovation enabling a new mode of non-nation-state human organization, a “purified” form of capitalism free of nation-state interference and deserving of its own neologism. Let us call the new mode of socioeconomic organization enabled by encrypted digital money sovereignism.” – Robert Breedlove
Today we start an amazing series by Breedlove based on the thesis proposed by the Sovereign Individual. Could the new dynamic brought about by the existence of Bitcoin, potentially destroy the economic cost/reward reality of centralized, violent nation states? And what does such a potentiality mean for the future?
Don’t miss today’s read from Swan Bitcoin blog, by Robert Breedlove:
Sovereignism Part 1 – Digital Creative Destruction
https://www.swanbitcoin.com/sovereignism-part-i-digital-creative-destruction/
A huge thank you to our amazing sponsors:
SwanBitcoin – The #1 place to setup your automatic Bitcoin savings plan! (SwanBitcoin.com/guy)
BitBox – Minimal, user friendly, secure, Swiss made, open source, hardware wallet (guyswann.com/BitBox)
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Read_507 – Trust, That we Need More of [Karo Zarogus]
“We can already observe some faint light at the end of the tunnel. Savings have been reintroduced into the hands of society. You can save money and the State is unable to influence your funds on the Bitcoin blockchain. Nobody can take your money away, and this creates economic stability that positively influences mental wellbeing. When you know that you have savings, and that you will be able to pay any and all unexpected expenses that might arise and that you have built the foundations of a prosperous future, things change.” – Karo
Paper money doesn’t merely have economic consequences, it has deep impact on the very nature of who we are. Today’s read from Bitcoin Magazine delves into what those consequences are. And despite losing a long Guy’s rant thanks to some failed software, I would point you to an older episode that had a very similar topic of discussion, Guy’s Take #36 – Walking Tall
Check out the original article and the other great stuff at Bitcoin Magazine below:
https://bitcoinmagazine.com/culture/trust-that-we-need-more-of
A huge thank you to our amazing sponsors:
SwanBitcoin – The #1 place to setup your automatic Bitcoin savings plan! (SwanBitcoin.com/guy)
BitBox – Minimal, user friendly, secure, Swiss made, open source, hardware wallet (guyswann.com/BitBox)
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Read_506 – Pumping Iron [Arthur Hayes]
“40 years of this back and forth has resulted in almost $20 trillion in zero- or negative-yield government and corporate debt, the lowest interest rates in the last 5,000 years, and the most amount of global debt ever in human civilization.” – Arthur Hayes
Our macro situation is teeter between Financial Armageddon on the one hand, if governments and central banks let interest rates rise, and possible war and revolution on the other, if they hyperinflate their currencies to absolve them of their debts. Is there anything that can protect us from this terrible situation? How on earth do you build a portfolio in such an environment?
Today we read, Arthur Hayes’s amazing piece from the BitMex blog, “Pumping Iron”:
https://blog.bitmex.com/pumping-iron/
Don’t forget to read/listen to his other great piece mentioned “Choose Your Fiction”:
https://bitcoinaudible.com/?p=3907
A huge thank you to our amazing sponsors:
SwanBitcoin – The #1 place to setup your automatic Bitcoin savings plan! (SwanBitcoin.com/guy)
BitBox – Minimal, user friendly, secure, Swiss made, open source, hardware wallet (guyswann.com/BitBox)
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Read_505 – The Separation of Money & State [Knut Svanholm]
“As long as there are money printers, there can be no freedom of expression. Money is the tool we use to express value to each other. Whoever controls the money supply controls the world.” – Knut Svanholm
The world became vastly more free when we separated our religious morals and authority from the apparatus of the state. The separation of church and state is one of the most important developments for freedom in history. But the state retained an unjust, unequal level of control & limitation on the freedom of expression, by monopolizing the very tool we use to express value. Money.
Bitcoin is, The Separation of Money and State. Check out the full article at Bitcoin Magazine below:
https://bitcoinmagazine.com/culture/bitcoin-and-the-separation-of-money-and-state
To dig deeper into the concept of rights and the Bitcoin system, check out Guy’s Take #32.
Rights, Incentives & the Bitcoin System:
https://bitcoinaudible.com/?p=4800
A huge thank you to our amazing sponsors:
SwanBitcoin – The #1 place to setup your automatic Bitcoin savings plan! (SwanBitcoin.com/guy)
BitBox – Minimal, user friendly, secure, Swiss made, open source, hardware wallet (guyswann.com/BitBox)
Much love to Bitcoin Magazine and the extraordinary LTBNetwork for the invaluable resource they provide to the Bitcoin ecosystem!
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Read_504 – SeeTee Shareholder Letter [Kjell Inge Røkke]
“We are not going to wait for the future – we want to join in building it as well! I encourage entrepreneurs to reach out to Seetee. The bigger the dream, the more we listen.”
Kjell Inge Røkke
Covering the recent, incredible announcement that the Norwegian energy giant, Aker has made a strong push into both building for & investing in the Bitcoin ecosystem, we read the SeeTee shareholder letter on their breakdown of their journey into Bitcoin, their thinking on its massive potential, & their vision for the future. Another phenomenal read not to be missed.
The SeeTee Shareholder Letter, check out the original below:
https://www.seetee.io/
A huge thank you to our amazing sponsors:
LVL.co – The first Free, no-fee exchange & Bitcoin banking services! (guyswann.com/lvl)
SwanBitcoin – The #1 place to setup your automatic Bitcoin savings plan! (SwanBitcoin.com/guy)
BitBox – Minimal, user friendly, secure, Swiss made, open source, hardware wallet (guyswann.com/BitBox)
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Read_503 – Bitcoin is Time [DerGigi]
“This problem is precisely why all previous attempts of digital cash required a centralized registry. You always had to trust someone to correctly identify the order of things. A centralized party was required to keep the time. Bitcoin solves this problem by re-inventing time itself. It says no to seconds and yes to blocks.”- DerGigi
DerGigi is back at it with a chapter from his upcoming book 21 Ways, all about the nature of Bitcoin not as new invention in money, or payments, or cryptography… but rather a new invention in the realm of time. Bitcoin doesn’t merely allow an ordering of events, it actually invents its own concept, of time.
Bitcoin is Time:
https://dergigi.com/2021/01/14/bitcoin-is-time/
Don’t forget to check out DerGigi’s other phenomenal work and support him at the link below:
https://dergigi.com/support/
POW is a Decentralized Clock:
https://bitcoinaudible.com/?p=4728
21 Lessons:
Listen on Audible
Today’s Bitcoin Resource:
Bo Bullshit Bitcoin
A huge thank you to our amazing sponsors:
LVL.co – The first Free, no-fee exchange & Bitcoin banking services! (guyswann.com/lvl)
SwanBitcoin – The #1 place to setup your automatic Bitcoin savings plan! (SwanBitcoin.com/guy)
BitBox – Minimal, user friendly, secure, Swiss made, open source, hardware wallet (guyswann.com/BitBox)
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Read_502 – LOT true or false? The Last Hurdle for Taproot [Aaron Van Wirdum]
“As a consensus system without central authority, Bitcoin protocol upgrades can be challenging. If one segment of the network upgrades to a new version of the protocol before another segment does, different nodes might enforce different rules, introducing the risk that the network fractures between them.” – Aaron Van Wirdum
Today’s read is from Aaron Van Wirdum at Bitcoin Magazine, an excellent writer who has so many brilliant breakdowns of the technical and historical elements of Bitcoin. Taproot is SO close, but there is a final debate, a final hurdle to tackle before we get to see it activated on the network, and that’s over how and when to turn on the switch.
LOT=true or LOT=false? This is the Last Hurdle Before Taproot Activation:
https://bitcoinmagazine.com/technical/lottrue-or-lotfalse-this-is-the-last-hurdle-before-taproot-activation
Check out the Bitcoin Audible Page for Aaron & his collection of amazing work:
https://bitcoinaudible.com/?page_id=5204
Today’s Bitcoin Resource:
mempool.space
A huge thank you to our amazing sponsors:
LVL.co – The first Free, no-fee exchange & Bitcoin banking services! (guyswann.com/lvl)
SwanBitcoin – The #1 place to setup your automatic Bitcoin savings plan! (SwanBitcoin.com/guy)
BitBox – Minimal, user friendly, secure, Swiss made, open source, hardware wallet (guyswann.com/BitBox)
Final thanks to Bitcoin Magazine and the LTBNetwork for being such an incredible source of signal to the Bitcoin ecosystem! letstalkbitcoin.com
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Read_501 – The Capital Strip Mine [Allen Farrington]
“The most egregious falsehood regarding economic health that is nonetheless widely believed is surely that we ought to measure it by the magnitude of goods and services consumed. This is dangerous nonsense.” – Allen Farrington
How is it that we found ourselves in such a disastrous and unstable financial situation across the entire country, and even the entire world? How has the economic system been overtaken by exploiters, over consumption, and waste while completely lost touch with sustainable, thoughtful production and value? Laying out the whole picture in today’s article, we have the audio version of Allen Farrington’s “The Capital Strip Mine.”
Check out the original article and drop some applause at the link below:
The Capital Strip Mine:
https://allenfarrington.medium.com/the-capital-strip-mine-ec627e9fe40a
Other articles mentioned in today’s Guy’s Take:
Bitcoin is the Great Definancialization:
https://bitcoinaudible.com/?p=5554
Today’s Bitcoin Resource:
https://bitcoinerjobs.co/
A huge thank you to our amazing sponsors:
SwanBitcoin – The #1 place to setup your automatic Bitcoin savings plan! (SwanBitcoin.com/guy)
BitBox – Minimal, user friendly, secure, Swiss made, open source, hardware wallet (guyswann.com/BitBox)
LVL.co – The first Free, no-fee exchange & Bitcoin banking services! (guyswann.com/lvl)
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