Read_450 – Getting Lightning Ready for Global Takeover [Roy Sheinfeld]
Breez wallet makes some major announcements today with their first release candidate of the wallet into the wild. Bringing the dream of a fully non-custodial, user-friendly, super easy to use Lightning wallet for anyone coming into Bitcoin. So many new features to go over in this one and talking about the future of lightning and how we can close the UX hurdle. This is not to be missed. Follow Roy Sheinfeld and Breez on Twitter so you dont miss future announcements!
Check out the official announcement here, and of course download and start playing with the Breez Lightning wallet if you haven’t yet!
https://medium.com/breez-technology/the-breez-release-candidate-getting-lightning-ready-for-the-global-takeover-b5d1f9756229
(for those who wanted to get the details on closing and reopening your channels – https://github.com/breez/breezmobile/wiki/How-to-close-Breez’s-channels%3F)
Learn more about the Hodl HTLCs discussed in the commentary at the link below:
https://github.com/lightningnetwork/lnd/pull/4018
And don’t forget to add me as a contact in your Hexa Wallet! Shoot me a DM on twitter or an email and I’ll be happy to add you
A huge thank you to Hexa for supporting the podcast:
Hexawallet.io
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Read_449 – Deeper Down the Rabbit Hole [Knut Svanholm]
“Value is a strange concept because while it is arguably very real, it is entirely subjective, and because of this there is no yardstick or kilogram to measure it against.” – Knut Svanholm
Another from the amazing collection over at Citadel21.com, we dive even deeper down the rabbit hole with Knut’s piece. What does it even mean to measure value with Bitcoin as our totem? What happens to prices in a perfectly finite monetary good? What would a future where the growth and productivity of the economy were captured by the money, rather than stolen by our money masters?
The world is going to be a very different place in a Bitcoin future. The right questions can help us see it, and it’s something that we cannot unsee. So lets dig into Knut’s work, “Deeper Down the Rabbit Hole”
https://www.citadel21.com/deeper-down-the-rabbit-hole
Check out the Hexa Wallet donation account at GuySwann.com/donate, and download the Hexa mobile wallet on the Google Play or Apple App store to start exploring the many awesome features. A huge thanks to them for supporting the podcast!
hexawallet.io
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Read_448 – Crypto, Truth & Power [Erik Cason]
“I believe that Satoshi Nakamoto, Whoever he/she/it/them is/was, was first and foremost a strategist of the cypherpunk traditions. This is extremely important because we need to understand the motivational ideology was not one of any sort of state capitalist nature, or idiotic wealth fantasies of lambos and other childish bullshit, but an explicit crypto-anarchist one.” – Erik Cason
Cryptography was, before anything else, a weapon of war.
How can this perspective inform the type of revolution Bitcoin truly enables? As a re-codification of the relations of power between the state and the individual, what does a system like Bitcoin do to the world? When authority is replaced by truth, as the source of legitimacy, nothing in the world will remain unchanged.
The original article by Erik Cason and the fascinating blog where he covers tons of other topics just like this:
http://cryptosovereignty.org/crypto-truth-power/
https://twitter.com/Erikcason
Cypherpunks Write Code (part 1):
https://www.youtube.com/watch?v=YWh6Yzr12iQ&t=0s
Check out Hexa Wallet’s new feature, the “Donation Account” with a web front end to share with others! Check out what it looks like at GuySwann.com/donate and of course feel free to donate if you want to support the show. But setup your own to take donations for your project/content/mission or whatever! Get the wallet at HexaWallet.io
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Read_447 – Bitcoin Isn’t Slow, Its Highly Secure [Vlad Costea]
“So the next time somebody says that “shitcoin X” is faster than Bitcoin or claims that Bitcoin is slow, show them the criteria that truly count in a decentralized network.” – Vlad Costea
Did you hear that any 1 of 1000s of altcoins was “way faster” than Bitcoin? Have you ever wondered what that means or what exactly they are faster at? Vlad breaks it all down. How shitcoins aren’t fast, even close to as fast actually as Bitcoin. Bitcoin isn’t slow, its highly secure!
Check out the original post at Bitcoin-Takeover.com and check out Vlad’s Bitcoin Takeover podcast for many other great takes like this:
https://bitcoin-takeover.com/bitcoin-is-not-slow-its-highly-secure/
Much love to Hexa Wallet for supporting the show as well as my lovely patrons!
Hexawallet.io
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Read_446 – The Great Plague of Shitcoinery [Thibaud Marechal]
“Battles in the money market aren’t about incremental technology features, but fundamental monetary properties. Bitcoin is a pragmatic monetary evolution, which contrasts with shitcoin issuers misrepresenting a delusional technology revolution.” – Thibaud Marechal
Another great piece on the incentives and misunderstanding of the shitcoin mindset. It isn’t a technological revolution, it is fundamentally a monetary one! Thibaud breaks it down amazingly in this piece and Guy gets into some history of the shitcoin term and how so many projects have the entirely wrong understanding of the value in this revolution. Don’t miss another excellent one from Bitcoin Magazine
Original Article: https://bitcoinmagazine.com/articles/the-great-plague-of-shitcoinery
A huge thanks as always to Hexa Wallet! Don’t forget to shoot me a message if you want to add me as a contact or use me as a part of your backup. Happy to assist! Check them out at Hexawallet.io
Some of the great articles mentioned in this episode to expand on these ideas:
Bitcoin is Worse is Better – https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_327—Bitcoin-is-Worse-is-Better-gwern-e9e9iv
Bitcoin & Software Reliability – https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_254—Bitcoin–Software-Reliability-beautyon_-e46lnu
On Schelling Points, Network Effects, & Lindy – https://anchor.fm/thecryptoconomy/episodes/Read_417—On-Schelling-Points–Network-Effects—Lindy-Willem-Van-Den-Bergh-eghjp4
And dont forget to check out our new show all about Shitcoinery! Shitcoin Insider is where we dig through all the crap so that you don’t have to! XD
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Read_445 – A Human Rights Response to Bitcoin Critics [Alex Gladstein]
“Contrary to what the critics would have you believe with all of their scary language about fraud and risk, when I send an on-chain Bitcoin transaction to you, it will get to you, no matter what. There is no point of censorship, seizure, or control.” – Alex Gladstein
A great throw back from Alex Gladstein where he makes a response to the old and tired criticisms of Bitcoin. Is it stupid to think we would want to hold our own passwords to our money, or it is a revolutionary new tool in the global quest for human rights and individual freedom? A great response for the next time you come across and ignorant critic, who needs a dose of truth.
Check out the original below! Drop some applause and see his other articles on Medium:
https://medium.com/@alexgladstein/a-human-rights-activists-response-to-bitcoin-critics-d50e6760ee80
You can always his the book he helped author all about Bitcoin and the impact it could have on the world, available in paperback and in audiobook read by yours truly at the link below:
https://www.amazon.com/Little-Bitcoin-Book-Matters-Finances/dp/1641990503/ref=sr_1_3?dchild=1&keywords=little+Bitcoin+book&qid=1601337759&sr=8-3
And of course a huge thanks to Hexa for supporting the podcast, and our wonderful patrons! Check out Hexa below:
Hexawallet.io
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Read_444 – Things Bitcoiners Don’t Want to Hear [Shinobi]
“I am talking about the inability to confront shortcomings with layers of the system. The inability to confront substantial threats or attack surfaces that are not being worked on in terms of creating solutions and defenses.” – Shinobi
Being bullish is tons of fun, and getting cosmic about the impact & world shattering implications of Bitcoin is even more so… but sometimes we need to take a sober step back, and remember that this is just code at the end of the day. It is a network, with trade offs, limitations, and many problems to overcome. A great piece from Shinobi (@brian_trollz) taking a hard look at Lightning, mining, and Bitcoin’s censorship resistance as it stands today, and reminding us to stay focused on the problems, not get lost in our dreams of the future.
Check out the original and drop some applause at the link below:
https://medium.com/block-digest-mempool/things-bitcoiners-dont-want-to-hear-33823c2e984
A huge thank you to my Patrons, and of course Hexa Wallet for supporting the podcast! This is only possible with your support, and it is massively appreciated. Don’t forget to download and check out Hexa if you haven’t yet. A Bitcoin-only, non-custodial, seedless, mobile wallet with tons of cool features. Find them at Hexawallet.io or on Twitter at @HexaWallet
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Read_443 – On Bitcoin’s User Experience [DerGigi]
“Some concepts are essential, removing them because you want a better UX might turn out to be fatal.” – Gigi
En excellent piece from SwanBitcoin blog today by the one and only Gigi. Thoughts on the trade-offs, the previous leaps that have been made, and the distance still to go on the problem of Bitcoin’s user experience. Plus, Guy talks about what it was like using Bitcoin in the “good ol’ days” before seed phrases and deterministic wallets.
Check out the crazy images of the early internet and links to check out more in the original article below:
https://www.swanbitcoin.com/on-bitcoins-ux
Don’t forget to follow Gigi on social media for more awesome work:
https://twitter.com/dergigi
Check out today’s sponsor! Download the Hexa Wallet at the link below or on the Google or Apple App stores.
Hexawallet.io
Other great tools mentioned in this episode to check out for the tinkerers out there!
Hexa Wallet
Casa Multisig wallet
Green Wallet
Strike
Breez Lightning
Pheonix Lightning
Caravan Multisig by Unchained
Lily Wallet
Umbrel
Lunanode
Cobo Vault
Foundation Passport
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Read_442 – DLCs are on Bitcoin! New Functionality & Potential [Ben Carman]
“DLCs are uniquely positioned to bring smart contracting to Bitcoin using oracle contracts that are much more private and scalable than previously thought possible.” – Ben Carman
Ben Carman, a developer with the awesome team at SuredBits, drops a BitcoinMagazine article today laying out Discreet Log Contracts and how they can be an exciting new addition to the functionality and power of the Bitcoin system. Privacy, cost savings, and non participating oracles to real world events; DLCs bring a new layer to both decentralizing markets on Bitcoin & the Lightning network. Listen to today’s episode to find out more!
Check out the SuredBits blog for tons of awesome work about DLCs and so many other great technologies being built on Bitcoin:
https://suredbits.com/category/discreet-log-contracts/
Find the original article and tons of other great works at BitcoinMagazine below. Stay up on new events and learn tons about Bitcoin!
https://bitcoinmagazine.com/articles/dlcs-are-on-bitcoin-bringing-new-functionality-and-major-potential
A thanks to today’s sponsor Hexa Wallet and the killer wallet they are building! Seedless backups, built in batching, multisig savings, & more! Hit me up if you want to be one of my contacts!
http://hexawallet.io/
Lastly a big thanks to the LTBNetwork for sharing this out with their amazing audience! Check out the other awesome shows at LetsTalkBitcoin.com
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Read_441 – Bitcoin, A Novel Economic Institution by ARKinvest [Part 2]
“Instead of relying on accountants, regulators, and the government, Bitcoin relies on a global network of peers to enforce rules, shifting enforcement from manual, local, and inconsistent to automated, global, and predictable.” – Yassine Elmandjra
Finishing out the great investment thesis on Bitcoin by Yassine from ARKinvest. Now the we have broken down the 4 critical economic assurances for prosperity and how the trust-based model has failed to deliver them… how does Bitcoin compare as a financial institution? Does it truly provide these assurances in a unique way, and how strong are they?
Today’s read is the second half of Bitcoin: A Novel Economic Institution:
Link to the full paper – https://ark-invest.com/white-papers/bitcoin-part-one/
Get a head start on Part 2 by going to the ARKinvest site below:
https://ark-invest.com/white-papers/
Another great piece by Yassine covered on the show,
Winner Takes All, or Winner Takes Most? – https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_204—Winner-Takes-All–or-Winner-Takes-Most–Misir-Mahmudov–Yassine-Elmandjra-e30vht
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Read_440 – Bitcoin, A Novel Economic Institution by ARKinvest [Part 1]
“If one transaction can be censored and controlled, can’t all transactions be censored and controlled? Can’t the powers-that-be deprive participants of the ability to exchange value globally and freely?” – Yassine Elmandjra
Starting into the first half of a great investment thesis on Bitcoin by Yassine from ARKinvest. Digging into the core economic assurances of the financial system and how the legacy, trust based model of financial authority has failed in providing them. Where have they broken down, and what has fundamentally caused it? And how does it compare to the unique economic tool of Bitcoin?
Today’s read, Bitcoin: A Novel Economic Institution [Part 1]
Link to the full paper – https://ark-invest.com/white-papers/bitcoin-part-one/
Another great piece by Yassine covered on the show,
Winner Takes All, or Winner Takes Most? – https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_204—Winner-Takes-All–or-Winner-Takes-Most–Misir-Mahmudov–Yassine-Elmandjra-e30vht
And Hasu’s excellent piece,
Promise of Independent Property Rights – https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_225—Bitcoin–the-Promise-of-Independent-Property-Rights-Hasu–Su-Zhu-e3j6b8
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Read_439 – Genesis Files: Hal’s Quest for Digital Cash [Aaron van Wirdum]
“Most Cypherpunk veterans on the Cryptography mailing list had by then seen one too many electronic cash experiments come and go, without any real successes to account for…”
“But Hal Finney, ever the optimist, wasn’t ready to give up.” – Aaron Van Wirdum
Another in the amazing “Genesis Files” series from Bitcoin Magazine, Aaron walks us through the history and the legacy of Hal Finney. From the introduction to the cypherpunks list, to the implementation of RPOW, all the way to Hal “running Bitcoin.” Another excellent installment. If you want to learn more about the history of the cypherpunks and the forefathers of the Bitcoin system, the Genesis files is not to be missed.
Link to the original, with the other installments linked below:
https://bitcoinmagazine.com/articles/the-genesis-files-how-hal-finneys-quest-for-digital-cash-led-to-rpow-and-more
Genesis Files: Chaum’s eCash
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_058—The-Genesis-Files-How-David-Chaum-Spawned-a-Cypherpunk-Dream-e2ndsp
Genesis Files: Wei Dai’s B-Money
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_107—If-Bitcoin-Had-a-First-Draft–Wei-Dais-B-Money-Was-It-Aaron-Van-Wirdum-e2ndra
Genesis Files: Adam Back’s Hashcash
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_095—The-Genesis-Files-Hashcash-or-How-Adam-Back-Designed-Bitcoins-Motor-Block-e2ndrl
Genesis Files: Szabo’s BitGold
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_111—Genesis-Files—With-Bit-Gold–Nick-Szabo-Was-Inches-From-BTC–Aaron-Van-Wirdum-e2ndr5
Hal’s Bitcoin & Me:
https://anchor.fm/thecryptoconomy/episodes/Hals-Day—Bitcoin–Me-reboot-eiq0gl
A huge thanks to Bitcoin Magazine and the Let’s Talk Bitcoin Network!
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