Read_325 – Lightning, Why I Quit the Bond Market for Bitcoin [Nik Bhatia]
Another of the many great pieces from Nik Bhatia getting into the impact and scope of the system that the Lightning Network could become. Bitcoin is neither just a store of value, nor just a medium of exchange, it’s both. The LNP/BP protocol stack is taking us into the future, hear all about it in today’s read from Nik Bhatia, now part the OpenNode team, titled “The Lightning Network: Why I Quit the Bond Market for Bitcoin.”
Link to Nik’s Twitter and the original article on his Medium page:
https://twitter.com/timevalueofbtc
https://medium.com/@timevalueofbtc/the-lightning-network-why-i-quit-the-bond-market-for-bitcoin-12693120039f
The other great pieces by Nik we have covered on the show:
The Triumvirate of Liquidity
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_317—The-Triumvirate-of-Liquidity-Nik-Bhatia-e8t41e
Bitcoin is a Human Right
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_269—Bitcoin-is-a-Human-Right-Nik-Bhatia-e4jtga
The Business of Bitcoin Cold Storage
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_182—The-Business-of-Bitcoin-Cold-Storage-Nik-Bhatia-e2ndoj
Our 3rd ever Interview with Nik Bhatia all about the future of Capital Markets
https://anchor.fm/thecryptoconomy/episodes/CryptoChat_003—Nik-Bhatia-on-The-Future-of-Bitcoin-Financial-Markets-e2ndqv
The Bitcoin Second Layer
https://cryptoconomy.podbean.com/e/cryptoquikread_132-the-bitcoin-second-layer/LNRR
The Time Value of Bitcoin
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_143—The-Time-Value-of-Bitcoin-e2ndq2
The Bitcoin Risk Spectrum
https://cryptoconomy.podbean.com/e/cryptoquikread_109-the-bitcoin-risk-spectrum/
Grab your copy of the Little Bitcoin Book or listen to the audiobook read by me!
https://www.amazon.com/Little-Bitcoin-Book-Matters-Finances/dp/1641990503/ref=sr_1_1?crid=2K1ZY3IJWOWZE&keywords=the+little+bitcoin+book&qid=1575326799&sprefix=the+littel+bitcoin%2Caps%2C156&sr=8-1
Join me at the Bitcoin maximalist conference next year! Get tickets for BitBlockBoom2020 at the link below – offer code CC for 30% off! BitBlockBoom.com
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Read_324 – Bitcoin Fixes This [Parker Lewis]
An economy leveraged 150:1
A spiraling tower of debts to pay for our previous debts
Central Banks repeating the same policies that caused our problems as their solutions
The confiscation through counterfeit of $Trillions in economic production
Massive distortions of the price mechanism
& monetary authorities who argue over not whether they should, but by how much they will debase our hard earned money
Bitcoin Fixes This.
Part 6 in the Gradually, Then Suddenly series by Parker Lewis from the Unchained Capital blog.
Unchained just dropped the “greatest hits” collection of their blog, tons of great content to explore below:
https://unchainedcap.wpengine.com/greatest-hits/
Mentioned in the show:
Use of Knowledge in Society – Parts 1 & 2
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_250—Use-of-Knowledge-in-Society-Part-1—F–A–Hayek-e43pfj
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_251—Use-of-Knowledge-in-Society-Part-2—F–A–Hayek-e444k0
If you want to support the show and join the Cryptoconomy Telegram crew, become a patron below!
https://www.patreon.com/thecryptoconomy
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Read_323 – Transaction Count is an Inferior Measure [Nic Carter]
To think of the value of a global, jurisdiction-less, “money-for-enemies” network as nothing more than the result of how many transactions it can do on the base layer, is to miss the point entirely. The difference between the payments systems and settlement systems of the world, their degree of assurances, and the desirable characteristics of their operation are often diametrically opposed. Listen to another of Nic Carter’s excellent pieces to learn all about how “Transaction Count is an Inferior Measure.”
Check out the original post (great charts illustrating his argument) on Nic’s Medium page, plus the tons of other great written content he publishes regularly:
https://medium.com/@nic__carter/transaction-count-is-an-inferior-measure-fba2d5ac97f1
Another great tool to show the relative “speed” of competing networks:
https://howmanyconfs.com/
Other great work in audio from Nic Carter:
• A Most Peaceful Revolution
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_293—A-Most-Peaceful-Revolution-Nic-Carter-e5bfpm
• A Most Peaceful Revolution (Guy’s Follow Up)
https://anchor.fm/thecryptoconomy/episodes/GuysTake_23—Revolution-in-the-Protocol-on-Nic-Carters-Peaceful-Revolution-e5cap9
• Unpacking Bitcoin’s Assurances
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_281—Unpacking-Bitcoins-Assurances-Nic-Carter-e4sn3r
• How to Scale Bitcoin Without Changing a Thing [parts 1 & 2]
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_238—How-to-Scale-Bitcoin-Without-Changing-a-Thing-Part-1—Nic-Carter-e3qgfg
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_239—How-to-Scale-Bitcoin-Without-Changing-a-Thing-Part-2—Nic-Carter-e3qsvi
• Bitcoin’s Existential Crisis
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_181—Bitcoins-Existential-Crisis-Nic-Carter-e2ndok
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Read_322 – The World Has Gone Mad… [Ray Dalio]
The World Has Gone Mad, & the System is Broken. Ray Dalio drops a bomb recently with his post showing the sorry state of our money, the cracks in our world monetary system, and the coming paradigm shift. A short piece that requires much ranting, don’t miss it.
Link to the original post and Ray Dalio’s twitter page:
https://www.linkedin.com/pulse/world-has-gone-mad-system-broken-ray-dalio/
https://twitter.com/RayDalio
Other great works mentioned in this show:
The Case for Electronic Cash
https://anchor.fm/thecryptoconomy/episodes/The-Case-for-Electronic-Cash-Jerry-Brito-e3rhj6
Use of Knowledge in Society – Parts 1 & 2
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_250—Use-of-Knowledge-in-Society-Part-1—F–A–Hayek-e43pfj
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_251—Use-of-Knowledge-in-Society-Part-2—F–A–Hayek-e444k0
How is Fiat Money Possible – Parts 1-3
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_234—How-is-Fiat-Money-Possible-Part-1—Hans-Hermann-Hoppe-e3odu1
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_235—How-Is-Fiat-Money-Possible-Part-2—Hans-Hermann-Hoppe-e3oon2
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_236—How-Is-Fiat-Money-Possible-Part-3—Hans-Hermann-Hoppe-e3p2k1
And if you want to start down a rabbit hole…
WTFHappenedin1971.com
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Read_321 – Bitcoin is Not Too Slow [Parker Lewis]
The 5th installment of the always fascinating “Gradually, then Suddenly” series from Parker Lewis and Unchained Capital. What is the real problem that Bitcoin solves, and how does it compare to the alternatives? Are mass payments an impossible problem, and isn’t Bitcoin too slow to be global money? This piece is packed with digital gold, so don’t miss it!
Link the the original article so you can get a head start and check out all the other incredible writing at Unchained-capital.com. Don’t forget to follow Parker on Twitter for more of his work:
https://www.unchained-capital.com/blog/bitcoin-is-not-too-slow/
https://twitter.com/parkeralewis
Other great episodes and content to go down the rabbit hole on this one!
• Use of Knowledge in Society Parts 1 & 2
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_250—Use-of-Knowledge-in-Society-Part-1—F–A–Hayek-e43pfj
• 7 Misunderstandings of Bitcoin’s Scaling Problem (this is old, forgive me)
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_038—7-Misunderstandings-of-Bitcoins-Scaling-Problem-e2ndtf
• Bitcoin & Software Reliability
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_254—Bitcoin–Software-Reliability-beautyon_-e46lnu
• Gradually, then Suddenly [the series so far]
1 – https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_290—Gradually–Then-Suddenly-Parker-Lewis-e55nu4
2 – https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_291—Bitcoin-Cant-Be-Copied-Parker-Lewis-e58g11
3 – https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_302—Bitcoin-is-Not-Too-Volatile-Parker-Lewis-e6diss
4 – https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_306—Bitcoin-Does-Not-Waste-Energy-Parker-Lewis-e7ojph
You can support this show, ensuring all the best work in Bitcoin gets the audio version it deserves, AND get access to the Cryptoconomy Crew Telegram by becoming a patron below!
https://www.patreon.com/thecryptoconomy
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Read_320 – The Bitcoin Reformation – Part 2 [Tuur Demeester]
Today we conclude the report from Adamant Capital written by Tuur Demeester on a fascinating parallel between Bitcoin and the Protestant Reformation of the 16th and 17th centuries. A plethora of new financial tools and the flight to find security in uncertain times, and the many parallels with the role Bitcoin could play in finding a haven from the over-leveraged, over-regulated, and corrupt IMFS. Don’t miss a great piece.
Links to the original works below. Again, don’t forget to follow Tuur on Twitter for tons of amazing content and thoughts on the impact of this new economy.
https://docsend.com/view/ijd8qrs
https://twitter.com/TuurDemeester
Other great episodes for more details and expanding on these themes:
• Bitcoin, An Accounting Revolution
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_255—Bitcoin-An-Accounting-Revolution-Permabull-Nio-e473tj
• What’s Driving the Cryptocurrency Phenomenon? An Iterative Capital Thesis
https://anchor.fm/thecryptoconomy/episodes/Whats-Really-Driving-the-Cryptocurrency-Phenomenon—-The-Iterative-Capital-Thesis-e2u7qq
• A Most Peaceful Revolution [Nic Carter]
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_293—A-Most-Peaceful-Revolution-Nic-Carter-e5bfpm
• Guy’s Take – Revolution in the Protocol
https://anchor.fm/thecryptoconomy/episodes/GuysTake_23—Revolution-in-the-Protocol-on-Nic-Carters-Peaceful-Revolution-e5cap9
• Bitcoin in Heavy Accumulation Part 1 & 2
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_243—Bitcoin-in-Heavy-Accumulation-Part-1—Tuur-Demeester–Michiel-Lescrauwaet-e3tnic
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_243—Bitcoin-in-Heavy-Accumulation-Part-2—Tuur-Demeester–Michiel-Lescrauwaet-e3u1gb
If you want to support the show and join the Cryptoconomy Telegram crew, become a patron below!
https://www.patreon.com/thecryptoconomy
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Read_319 – The Bitcoin Reformation – Part 1 [Tuur Demeester]
Today we start our journey through the new report from Adamant Capital written by Tuur Demeester on a fascinating parallel between Bitcoin and the Protestant Reformation of the 16th and 17th centuries. The monopoly being undermined, the technology that catalyzes the paradigm shift, the new economic class, and the new tools of self defense. Can these shed light on our own uncertain future? Find out in…
The Bitcoin Reformation – Part 1
Links to the original works below. Don’t forget to follow Tuur on Twitter as well for tons of amazing content and thoughts on the impact of this new economy.
https://docsend.com/view/ijd8qrs
https://twitter.com/TuurDemeester
Plus the other great episodes mentioned in the commentary for more details on similar concepts:
• Bitcoin, An Accounting Revolution
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_255—Bitcoin-An-Accounting-Revolution-Permabull-Nio-e473tj
• What’s Driving the Cryptocurrency Phenomenon? An Iterative Capital Thesis
https://anchor.fm/thecryptoconomy/episodes/Whats-Really-Driving-the-Cryptocurrency-Phenomenon—-The-Iterative-Capital-Thesis-e2u7qq
• A Most Peaceful Revolution [Nic Carter]
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_293—A-Most-Peaceful-Revolution-Nic-Carter-e5bfpm
• Guy’s Take – Revolution in the Protocol
https://anchor.fm/thecryptoconomy/episodes/GuysTake_23—Revolution-in-the-Protocol-on-Nic-Carters-Peaceful-Revolution-e5cap9
• Bitcoin in Heavy Accumulation Part 1 & 2
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_243—Bitcoin-in-Heavy-Accumulation-Part-1—Tuur-Demeester–Michiel-Lescrauwaet-e3tnic
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_243—Bitcoin-in-Heavy-Accumulation-Part-2—Tuur-Demeester–Michiel-Lescrauwaet-e3u1gb
If you want to support the show and join the Cryptoconomy Telegram crew, become a patron below!
https://www.patreon.com/thecryptoconomy
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Read_318 – Taproot is Coming [Aaron van Wirdum]
One of the many amazing technologies coming to Bitcoin, Taproot is one of the most promising improvements to the privacy, efficiency, & capabilities of the Bitcoin system. Another excellent article breaking it all down by Aaron Van Wirdum, published at BitcoinMagazine.com, today we read & discuss:
“Taproot Is Coming: What It Is, and How It Will Benefit Bitcoin”
https://bitcoinmagazine.com/articles/taproot-coming-what-it-and-how-it-will-benefit-bitcoin
For a deeper dive into Taproot, check out the links provided at the bottom of the article.
For more of Aaron Van Wirdum’s excellent work in audio:
• Our Chat with Aaron:
https://anchor.fm/thecryptoconomy/episodes/CryptoChat_018—Investigating-Bitcoin-with-Aaron-Van-Wirdum-e4rt9e
• The “No Input Class” & Eltoo
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_297—Simplifying-Lightning–The-Noinput-Class-Aaron-Van-Wirdum-e5fhoa
• Statechains: Sending Keys, Not Coins
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_272—Statechains–Sending-Keys-Not-Coins-Aaron-Van-Wirdum-e4mue1
• Understanding Lightning Part 1
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_047—Understanding-The-Lightning-Network-Part-1-e2ndtd
• Understanding Lightning Part 2
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_048—Understanding-The-Lightning-Network-Part-2-e2ndt4
• Understanding Lightning Part 3
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_049—Understanding-The-Lightning-Network-Part-3-e2ndtc
Grab a hard copy of the latest Bitcoin Magazine edition at their store below:
https://store.b.tc/
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Read_317 – The Triumvirate of Liquidity [Nik Bhatia]
Today, Nik Bhatia takes us through a compressed history of the Dollar, Us Treasuries, and how we found ourselves in the current global financial mess. What are the safe-haven assets of the future, what will happen to the demand during these uncertain times, & what will be Bitcoin’s role?
US Treasuries, Gold, & Bitcoin… The Triumvirate of Liquidity!
Don’t forget to drop some applause on the article below, check out the Tantra Labs blog, and of course, follow Bhatia on Twitter:
https://medium.com/@TantraLabs/the-triumvirate-of-liquidity-4fe4ab48d120
https://twitter.com/timevalueofbtc
Other episodes suggested from the discussion after the read, covering and going more in depth into topics previously on the show:
• Lightning Tech in 2019 (Channel Factories)
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_248—Bitrefills-Hottest-Lightning-Tech-of-2019-e426ph
• Stop Calling Bitcoin Deflationary [Conner Brown]
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_314—Stop-Calling-Bitcoin-Deflationary-Conner-Brown-e8p1o3
• Deflation & Liberty [Hulsmann]
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_278—Deflation–Liberty-Part-1—Jrg-Guido-Hlsmann-e4q6gc
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_279—Deflation–Liberty-Part-2—Jrg-Guido-Hlsmann-e4qpvp
• World War B [Raleigh Meetup]
https://anchor.fm/thecryptoconomy/episodes/CryptoChat_024—World-War-B-The-Raleigh-Bitcoin-Podcast-e8ci9m
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Read_316 – A New Monetary Network – The Bitcoin Times Vol 1 – Part 2 [Aleksandar Svetski]
“Bitcoin is the first time we’ve combined Money as a unit, with Money as a Network, into one thing.”
– Alexsandar Svetski
Dont miss part 2, the conclusion, of Aleks Svetski’s excellent volume of “The Bitcoin Times.” A new global monetary network, the future & potential of Lightning, the difference between money & payments, Bitcoin & the internet, investing in networks, “dumb” vs “smart,” and so much more!
Check out volume 1, and be sure to not miss out on the coming editions at the link below:
https://bitcointimes.news/
For further reading and exploration of these ideas, check out the other links mentioned in today’s read:
https://hackernoon.com/why-bitcoin-matters-c8bf733b9fad
https://hackernoon.com/homo-sapiens-evolution-money-bitcoin-33f69701de
If you want to support the show AND join the Cryptoconomy Telegram crew, become a patron below!
https://www.patreon.com/thecryptoconomy
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Read_315 – Blockchain is Dead – The Bitcoin Times Vol 1 – Part 1 [Aleksandar Svetski]
“When people get up and begin to talk to me about how they’re going to use the blockchain to solve supply chain, or whatever other (mostly ridiculous) idea they have, it reminds of someone who just discovered that limestone aggregate in concrete makes for better strength and better overall properties in concrete; so they then apply it to everything else:
• They put some limestone in their green smoothie
• On their avocado and toast
• In their latte
• As a back rub on their partner’s skin
• And even as fuel in their car”
– The Bitcoin Times, Vol 1
Jumping into a 2 part covering of the first edition of The Bitcoin Times by Aleksandar Svetski and the team over at Amber. “Blockchain is Dead!” – but what is blockchain? Isn’t it a breakthrough innovation that can be applied to a plethora of important data sources all around the world? Listen to find out more!
For more awesome content, be sure to follow Aleksandar on Twitter, check out the Amber app for simple Bitcoin buying, & see the awesome visual setup of “The Bitcoin Times” over at https://bitcointimes.news/
Don’t forget to listen to the hilarious conversation we had with Aleks & the awesome guys from the Citizen Bitcoin Podcast at Bitcoin2019!
https://anchor.fm/thecryptoconomy/episodes/CryptoChat_014—Aleks-Svetski-on-the-Death-of-Blockchain-e4gi7h
And lastly, Conner Brown, the author of yesterday’s piece “Stop Calling Bitcoin Deflationary” will be featured in the next volume of Bitcoin Times, so follow him as well so you don’t miss the next edition.
If you want to support the show AND join the Cryptoconomy Telegram crew, become a patron below!
https://www.patreon.com/thecryptoconomy
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Read_314 – Stop Calling Bitcoin Deflationary [Conner Brown]
Another great piece from returning author Conner Brown on the false narrative of Bitcoin’s “deflationary” problems. Not only does it not result in the many naive claims of the critics, its actually our best defense against those very concerns. An article & discussion full of digital gold, so don’t miss it!
Follow Conner Brown on Twitter and Medium so you don’t miss his awesome insights, and if you enjoyed it, please drop some applause on the article below:
https://medium.com/@Conner_/stop-calling-bitcoin-deflationary-84462cb90345
https://twitter.com/_ConnerBrown_
Mentioned multiple times in the show and a rabbit hole unto itself, don’t forget to check out WTFHappenedIn1971.com
If you want to support the show AND join the Cryptoconomy Telegram crew, become a patron below!
https://www.patreon.com/thecryptoconomy
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