Read_486 – The Moral Case for Bitcoin [Jimmy Song]
“Fiat money is a positivist money, a tool of governments pursuing a utopian vision. Bitcoin is a Natural Law money, a tool to protect individual liberty. Bitcoin is therefore the more moral money.” – Jimmy Song
There is the economic case, there is the individual sovereignty case, & there is an investment case for Bitcoin. But the deepest case to be made, & the one with the strongest argument, is the moral case. It’s not merely profits, sound economics, or the potential of future growth that make Bitcoin the proper investment, but the moral truths that make Bitcoin the only real option for a better future. Today we read Jimmy Song’s excellent piece from The Bitcoin Time Vol 3, “The Moral Case for Bitcoin.”
Don’t forget to check out and drop some applause on the article at Jimmy’s medium page below:
https://medium.com/the-bitcoin-times/the-moral-case-for-bitcoin-561ed592a464
A huge thanks as always to Aleks Svetski for putting together such an awesome publication & resource for the Bitcoin community.
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Read_485 – Why Bitcoin Is Not a Ponzi Scheme [Lyn Alden]
“From the beginning, Bitcoin has remained an open source and fully transparent project, and has the most organic growth trajectory of the industry. Given available information, the market has priced it as it sees fit, out in the open.” – Lyn Alden
Bitcoin is a Ponzi, say the detractors. Their arguments never seem anymore sophisticated, and sound increasingly desperate as Bitcoin continues to defy their view. Is there any truth to this? Well Lyn Alden decides to break it down for us, using a range from the most narrow, to the most broad view of a Ponzi, and lays out Bitcoin’s history, network effects, & open nature against it, to make the rather obvious case in hindsight, that Bitcoin, is indeed, Not a Ponzi scheme.
Check out the original for a few great graphics and charts to better visualize the argument, and to support/follow the work both of LynAlden, and the excellent Swan Bitcoin blog:
https://www.swanbitcoin.com/why-bitcoin-is-not-a-ponzi-scheme-point-by-point/
Support the show at GuySwann.com and start auto-buying your Bitcoin stack using the best service in the space! Get $10 FREE for signing up with my link and support the podcast at the same time:
swanbitcoin.com/guy
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Read_484 – Bitcoin & the Printing Press [Anil]
“As books became more accessible and affordable, individuals were now personally consuming, reflecting upon and critiquing written texts. It was an idea meritocracy. No longer was “truth” conferred solely by the ordained to the illiterate masses inside of churches.” – Anil
The Printing press was a revolution in the spread of information and communication, leading to the Renaissance and the age of Science & Reason. Bitcoin is a revolution in the dissemination & spread of real economic value. It will create a Renaissance that will dwarf that of the printing press.
Check out the original and follow the author at the links below:
https://bitcoinmagazine.com/articles/bitcoin-and-the-printing-press
https://twitter.com/anilsaidso
A huge thank you to the LTBNetwork for supporting this podcast and sharing it out with their amazing audience! And to Bitcoin Magazine for the incredible work they do in furthering education and new in the Bitcoin space.
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Read_483 – Bitcoin & the Hopf Cycle of the Internet [Giacomo Zucco]
“Hard times make strong men, strong men create good times, good times create weak men, and weak men create hard times.” – Giacomo Zucco
Today’s read is another amazing article from Vol 3 of The Bitcoin Times. This is such a cool concept taking an evolutionary and social pattern and applying it to technology and the history of the internet. Another brilliant piece for the archive and I had a blast with Guy’s Take section on this one, so don’t miss it.
Check out the original and the other amazing pieces from the Bitcoin Time Vols at the link below:
https://medium.com/the-bitcoin-times/bitcoin-and-the-hopf-cycle-of-the-internet-f351f1b7c1e3
Don’t forget to explore our awesome sponsors and their products at the links below:
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Read_482 – The Stone Ridge Letter [Ross Stevens]
“Perhaps just in time, each U.S. citizen now has a choice. You can stay on the Fiat Standard, in which some people get to produce unlimited new units of money for free, just not you. Or opt in to the Bitcoin Standard, in which no one gets to do that, including you. With the option, now, of a monetary system governed by rules instead of rulers, on behalf of myself, my family, and the firms I’m responsible for leading, I’ve made my choice.” – Ross L. Stevens
After about 100 requests to get it done and 2 days of recording, it’s here. The Stone Ridge 2020 Shareholder Letter, that is a brilliantly thorough yet succinct breakdown of the value case for Bitcoin and how it fits into our highly volatile political and financial environments. Looking back on 2020 and what it may tell us about the years ahead.
Check out the original posted by Michael Saylor on the Microstrategy website below:
https://www.microstrategy.com/en/bitcoin/documents/stone-ridge-2020-shareholder-letter
Also great, which I listened to just before recording this piece, is the “What is water” speech by David Foster Wallace. Its a must listen:
https://www.youtube.com/watch?v=8CrOL-ydFMI
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Read_481 – Bitcoin’s Killer App, Skin in the Game [Simon Cowell]
“We don’t need to reinvent the wheel. People play games because they are fun, not because they are on a blockchain.” – Simon Cowell
As Bitcoin established a universal value transfer protocol for the internet, we are going to begin to see unique monetization, and also incentive models that simply weren’t possible before. One area, that historically has had deep ties to monetary incentive, but lost it in the digital age… was gaming. Listen to today’s excellent article from Bitcoin Magazine and author Simon Cowell for a fascinating look at a Lightning tool built by ZebeDee, and what it may mean for the future of gaming.
Check out the original article below:
https://bitcoinmagazine.com/articles/bitcoins-killer-application-skin-in-the-game
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Read_480 – The Greatest Game, Part 2 [Jeff Booth]
“Learn about Bitcoin. Learn why its importance is so much greater than the wealth it might create for you and your family. When you do, teach others. Their futures may depend on it.” – Jeff Booth
Finishing the amazing piece from the Bitcoin Times, Vol 3, Jeff Booth’s excellent article on the game theory when technological deflation meets the fiat inflationary machine. Don’t miss the awesome conclusion with Part 2 of “The Greatest Game.”
Check out the original article below, plus the other great works with The Bitcoin Times vol 3:
https://medium.com/the-bitcoin-times/the-greatest-game-b787ac3242b2
Check out Jeff Booth’s excellent book if you haven’t read it, The Price of Tomorrow:
The Price of Tomorrow
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Read_479 – The Greatest Game, Part 1 [Jeff Booth]
“You never change things by fighting the existing reality. To change something, build a new model that makes the existing model obsolete” – Buckminster Fuller
Today we are digging back into The Bitcoin Times Vol 3! Our read is a brilliant piece by Jeff Booth, author of The Price of Tomorrow, titled “The Greatest Game.” Paradigm shifts, why they are so hard to see, why capitalistic failure is a critical component, and how the old system compounds its own imbalances that make it unable to compete with the new challenger. A lens to view our changing world, this is not to be missed.
Don’t forget to check out the original with that hilarious graph showing just how horribly off mark the CBO yield estimates have been for the past decade, plus the other great work from the author & The Bitcoin Times:
https://medium.com/the-bitcoin-times/the-greatest-game-b787ac3242b2
Check out Jeff Booth’s excellent book if you haven’t read it, The Price of Tomorrow:
The Price of Tomorrow
A huge Thank You to the Bitcoin Audible Sponsors:
Hexa Wallet – Mobile wallet, seedless, batching, custom fees, multiple accounts & more (guyswann.com/Hexa)
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Read_478 – Bullish on Bitcoiners [John Vallis]
“After all, Bitcoin is just a tool, and it’s only revolutionary in so far as its unique attributes generate novel possibilities for action — that is to say, new behaviors.” – John Vallis
Before continuing our ride through The Bitcoin Times, we have a fantastic piece from John Vallis as part of the End of Year 2020 series with Bitcoin Magazine. One of numerous excellent articles looking back on 2020 and what it brought to Bitcoin, and what Bitcoin brought to it. John Vallis gives us a perspective of the change that Bitcoin instills, after all its just a tool, what really makes a difference, and where the change truly lies, is in us.
Don’t miss a wonderful piece on the human element of Bitcoin’s societal revolution. Bullish on Bitcoiners:
https://bitcoinmagazine.com/articles/after-an-unforgettable-year-im-most-bullish-on-bitcoiners
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Read_477 – Bitcoin is the Great Definancialization [Parker Lewis]
“The greatest trick that central banks ever pulled was convincing the world that individuals must perpetually take risk just to preserve value already created (and saved). It is insane, and the only practical solution is to find a better form of money which eliminates the negative asymmetry inherent to systemic currency debasement.” – Parker Lewis
Let the Gradually, Then Suddenly series never die! Installment #17 comes to us in the 2020 edition of The Bitcoin Times. Parker Lewis hits it out of the park again with a piece detailing the process by which our monetary system has led to a massive, bloated, and over-financialized economy, forcing people to fight just to keep the value they already earned.
“Bitcoin is the Great Definancialization”
https://medium.com/the-bitcoin-times/bitcoin-is-the-great-definancialization-65b4c27a8371
Don’t forget to check out the graphics in the piece above and drop some massive applause, also explore the other brilliant pieces in the newest edition of The Bitcoin Times.
https://sites.google.com/getamber.io/thebitcointimes/
A huge Thank You to the Bitcoin Audible Sponsors:
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Read_476 – The Legend of Prometheus [Aleks Svetski]
“we should all take a moment to be deeply grateful for the introduction of an ark upon which we can board, and from which we can later rebuild.” – Aleks Svetski
The Bitcoin Times vol 3 has LANDED! We are getting into it with 7 incredible pieces, starting today with the froward from Aleks Svetski, “Bitcoin & the Legend of Prometheus.” You aren’t going to want to miss this week as we dive into tons of other great works by Parker Lewis, Jeff Booth, Giacomo Zucco, Erik Cason, & Jimmy Song.
Check out the original by Aleks Svetski at the link below to drop some applause:
https://medium.com/the-bitcoin-times/bitcoin-the-legend-of-prometheus-13170ca65ce0
A huge Thank You to the Bitcoin Audible Sponsors:
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BitBox – Minimal, user friendly, secure, Swiss made, open source, hardware wallet (guyswann.com/BitBox)
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Read_475 – The Sovereign Company Thesis [Christian Keroles]
“Today, bitcoin is still an alternative treasury asset, but as larger and more powerful organizations begin to use Bitcoin directly, they will begin to tear away from the overreach of governments. This in and of itself will challenge the dynamics of governance and the nature of nation states as we currently know them.” – Ck_snarks
We all know that Bitcoin creates sovereignty and protects the individual’s right to own and use money without the permission of government. But everything it provides to the individual, it can provide to a company as well. With the BitMEX example giving us a taste of what could be, Christian Keroles takes us through a great, quick read on the sovereignty of business enterprise in a Bitcoin world, and how it fundamentally changes the dynamics of governance, and removes the power to shut down the capital of the world.
Check out the full article plus the tons of other great works at Bitcoin Magazine:
https://bitcoinmagazine.com/articles/the-sovereign-company-thesis
A huge Thank You to the Bitcoin Audible Sponsors:
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