Read_298 – Lightning Service Providers [Roy Sheinfeld]

With another great piece from the Breez-Tech CEO we read and explore the fascinating concept of the Lightning Service Providers. What is their role? How will the market develop? Doesn’t this mean Lightning is centralized? All this and so much more in a great piece from Roy Sheinfeld.
Don’t forget to drop applause on the original article, catch our interview with the author, & check out the awesome Breez Lightning Wallet at the links below:
• Introducing Lightning Service Providers (medium article)
https://medium.com/breez-technology/introducing-lightning-service-providers-fe9fb1665d5f
• CryptoChat with Roy Sheinfeld
https://anchor.fm/thecryptoconomy/episodes/CryptoChat_016—Lightning-is-a-Breez-with-Roy-Sheinfeld-e4j7i3
• Breez Lightning Service
https://breez.technology
• Other Articles by Roy on the show
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_259—Lightning-at-the-End-of-the-Tunnel-Roy-Sheinfeld-e4a35k
• To explore the other amazing tech coming to Lightning
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_248—Bitrefills-Hottest-Lightning-Tech-of-2019-e426ph
And because it was that good. Don’t miss the episode of Tales From the Crypt with Jack Mallers:
https://talesfromthecrypt.libsyn.com/tales-from-the-crypt-47-jack-mallers
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Read_297 – Simplifying Lightning, The “Noinput Class” [Aaron Van Wirdum]

Today we take a dive into the future of Lightning and one of the amazing developments to make it simpler and more reliable, the new sighash flags referred to as the “Noinput Class.” Who better to take us through it than Aaron Van Wirdum & Bitcoin Magazine?
Our recent interview with Aaron Van Wirdum, the extraordinary author of this work and 100s more:
https://anchor.fm/thecryptoconomy/episodes/CryptoChat_018—Investigating-Bitcoin-with-Aaron-Van-Wirdum-e4rt9e
Don’t forget to check out the original article for extra clarity on how it works, and of course for the many other great articles at BitcoinMagazine.com:
The “Noinput Class”: How a Bitcoin Soft Fork Could Simplify Lightning
https://bitcoinmagazine.com/articles/noinput-class-bitcoin-soft-fork-simplify-lightning
Miniscript: How Blockstream Engineers Are Making Bitcoin Programming Easy(er)
https://bitcoinmagazine.com/articles/miniscript-how-blockstream-engineers-are-making-bitcoin-programming-easyer
Other great reading for SigHash Flags and other Bitcoin scripting details:
Raghov Sood’s Blog post on signature types
https://raghavsood.com/blog/2018/06/10/bitcoin-signature-types-sighash
Bitcoin.org’s Extensive Guide to Transactions
https://bitcoin.org/en/transactions-guide#introduction
And Lastly don’t forget to check out the cool stuff at the Bitcoin Magazine Store:
https://store.b.tc/
Thank you so much to our recent patrons! Kirk, Jake, & Crypto Dread!! If you would like to join them and the rest of the awesome crew in the Cryptoconomy telegram, become a patron and support my turning every great piece of Bitcoin & Cryptoconomy literature into the audio version it deserves.
patreon.com/thecryptoconomy
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Read_296 – The Long Now [Ben Hunt – Epsilon Theory]

The only thing as scarce as Bitcoin, is Time. Do you value it accordingly?
For today’s read we are diving into our first piece from the awesome collection over at Epsilon Theory by Ben Hunt.
The Long Now Pt. 1 – Tick Tock
Don’t forget to check out the other incredible content over at EpsilonTheory.com
Other great content mentioned in this Episode:
The Bitcoin Survivor’s Book List
http://thecryptoconomy.com/bitcoin-survivors-book-list/
Rational Optimist (affiliate link)
https://www.amazon.com/gp/product/0061452068/ref=as_li_qf_asin_il_tl?ie=UTF8&tag=cryptoconomyl-20&creative=9325&linkCode=as2&creativeASIN=0061452068&linkId=3dc9331a46a005a948035d919adf933c
Your Life in Weeks (waitbutwhy.com)
https://waitbutwhy.com/2014/05/life-weeks.html
Click the link below if you want to help support my work in turning all the best written works in the Cryptoconomy into audio!
patreon.com/thecryptoconomy
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Read_295 – A New Form of Life – Money, Bitcoin & Time [Part 5 – Robert Breedlove]

Concluding the “Bitcoin” section of Money, Bitcoin & Time. So many fascinating aspects of Bitcoin covered by author Robert Breedlove in this section including:
• A new form of life
• The many-sided network effects of Bitcoin
• Positive feedback loops
• The Minority Rule
• The TrustNet
& more!
“It removes the central banks, macroeconomists, politicians, presidents, dictators and military leaders from monetary policy and payments authorization once and for all.”
If you haven’t listened to the previous parts of this incredible piece, visit the links below:
Part 1 – https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_286—Money–Bitcoin–Time-Part-1—Robert-Breedlove-e52gih
Part 2 – https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_287—Money-is-a-Social-Network—Money–Bitcoin–Time-Part-2—Robert-Breedlove-e53ug5
Part 3 – https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_288—The-Economic-Nervous-System—Money–Bitcoin—Time-Part-3—Robert-Breedlove-e54u2e
Part 4 – https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_294—The-Simple-Truth-About-Bitcoin—Money–Bitcoin–Time-Part-4—Robert-Breedlove-e5djsh
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Read_294 – The Simple Truth About Bitcoin – Money, Bitcoin & Time [Part 4 – Robert Breedlove]

Jumping back into Robert Breedlove’s great piece with a thorough exploration of Bitcoin as a money, a technology, a network, and a measure of time.
• The Cost and Reward of Proof-of-Work
• A Vault Built of Energy
• The infinite Hardness of Bitcoin
• The Internet of Value
• The Bitcoin Social Contract
& more!
Don’t miss the continuation of this excellent piece available on the blog or in PDF at parallaxdigital.io –
https://www.parallaxdigital.io/blog
If You haven’t yet, don’t forget to check out the first 3 parts of this incredible piece on the episodes linked below:
Part 1 – https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_286—Money–Bitcoin–Time-Part-1—Robert-Breedlove-e52gih
Part 2 – https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_287—Money-is-a-Social-Network—Money–Bitcoin–Time-Part-2—Robert-Breedlove-e53ug5
Part 3 – https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_288—The-Economic-Nervous-System—Money–Bitcoin—Time-Part-3—Robert-Breedlove-e54u2e
Other Great works mentioned on the show for further diving into related topics and exploring Bitcoin:
21 Lessons of the Bitcoin Rabbit Hole [DerGigi]
Part 1 – https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_256—21-Lessons-of-the-Bitcoin-Rabbit-Hole—Chapter-1-e47u83
Part 2 – https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_257—21-Lessons-of-the-Bitcoin-Rabbit-Hole—Chapter-2-e489f9
Part 3 – https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_258—21-Lessons-of-the-Bitcoin-Rabbit-Hole—Chapter-3-e48kao
More on the Fascinating Nature of Proof-of-Work:
Proof of Work is Efficient
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_155—POW-is-Efficient-Dan-Held-e2ndpk
Bitcoin & the 7th Great Disruption of the Digital Age
https://anchor.fm/thecryptoconomy/episodes/GuysTake_021—Bitcoin–the-7th-Great-Disruption-of-the-Digital-Age-e57p9m
Anatomy of Proof of Work
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_158—Anatomy-of-Proof-of-Work-Part-1—Hugo-Nguyen-e2ndpg
Bitcoin, Chance, and Randomness
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_159—Bitcoin–Chance–and-Randomness-Part-2—Hugo…
Read_293 – A Most Peaceful Revolution [Nic Carter]

Today we read a veritable Bitcoin Manifesto on a fundamental truth of Bitcoin’s nature, the challenge it proposes to the state, the atrocities it seeks to dismantle, the hubris of alternatives, its promethean origins, the values it codifies, the role its already playing, and its patient unstoppable advancement.
Do not miss the audio, followed by tomorrow’s commentary (there’s simply too much to say in one show), of Nic Carter’s,
A Most Peaceful Revolution
Drop some highly due applause over at his Medium page and check out the other amazing work he has been putting out:
https://medium.com/@nic__carter/a-most-peaceful-revolution-8b63b64c203e
Previous episodes of Nic’s amazing work:
• Media Coverage of Bitcoin is Still a Total Disaster
(https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_130—Media-Coverage-of-Bitcoin-is-Still-a-Total-Disaster-e2ndqf)
• How to Scale Bitcoin Without Changing a thing [Part 1 & 2]
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_238—How-to-Scale-Bitcoin-Without-Changing-a-Thing-Part-1-e3qgfg
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_239—How-to-Scale-Bitcoin-Without-Changing-a-Thing-Part-2-e3qsvi
• Unpacking Bitcoin’s Assurances
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_281—Unpacking-Bitcoins-Assurances-e4sn3r
• Bitcoin’s Existential Crisis
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_181—Bitcoins-Existential-Crisis-e2ndok
• How to Critique Bitcoin: A Guide
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_147—How-to-Critique-Bitcoin–A-Guide-e2ndpt
• Visions of Bitcoin
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_120—Visions-of-Bitcoin-e2ndqq
Become a Patron to support my work and join the Cryptoconomy Telegram Crew! Every donation helps in turning all of the best writings in Bitcoin and the Cryptoconomy into the audio version they deserve! www.patreon.com/thecryptoconomy
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Read_292 – Rise of the Sovereign Individual [dergigi]

If you were looking for a succinct summation of the philosophy and to understand why we are so avid about using Bitcoin, encrypting our communication, and why we think these things are critical for a better future, this is the episode you’re looking for.
Beginning with a read of @Dergigi’s great piece on the Bull Bitcoin Medium page, “Rise of the Sovereign Individual.” Followed by a discussion about what liberty is, why we should be defending it, and what tools we have to truly “install” it on our future.
Check out the original article to drop some applause & check out the new Cyphernode project!
https://medium.com/bull-bitcoin/the-rise-of-the-sovereign-individual-2201eee82f00
Other works by Der Gigi can be found below:
https://dergigi.com/
21 Lessons of the Bitcoin Rabbit Hole
Part 1 – https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_256—21-Lessons-of-the-Bitcoin-Rabbit-Hole—Chapter-1-e47u83
Part 2 – https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_257—21-Lessons-of-the-Bitcoin-Rabbit-Hole—Chapter-2-e489f9
Part 3 – https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_258—21-Lessons-of-the-Bitcoin-Rabbit-Hole—Chapter-3-e48kao
Proof of Life
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_285—Proof-of-Life-e51lt1
Support the show and help make every great work on Bitcoin and the Cryptoconomy into the audio version it deserves! Plus, become a patron and get access to the exclusive Cryptoconomy Crew Telegram!✊
https://www.patreon.com/thecryptoconomy
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Read_291 – Bitcoin Can’t Be Copied [Parker Lewis]

Today we start into the second piece of the “Gradually, Then Suddenly” series by Parker Lewis. Why altcoiners can claim their coin is for something other than money, but it must compete with Bitcoin as money regardless. Why money will only tend to one. Why copies of Bitcoin are just modern day alchemy. And why toxic maximalism is Bitcoin’s greatest strength. Don’t miss a great piece and fun discussion to follow!
Bitcoin Can’t Be Copied!
Check out the original article plus the other great stuff on the blog over at the Unchained Capital blog:
https://www.unchained-capital.com/blog/bitcoin-cant-be-copied/
Support the show and help make every great piece shedding light on the incredible impact, the concepts, & the technology of Bitcoin and the Cryptoconomy into the audio version it deserves! Plus, become a patron and get access to the exclusive Cryptoconomy Crew Telegram group!✊
https://www.patreon.com/thecryptoconomy
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Read_290 – Gradually, Then Suddenly [Parker Lewis]

“What is money? That is the beginning of the real rabbit hole.”
Like the process of going bankrupt, how fiat money inflates, and what it feels like to learn Bitcoin… it happens gradually, then suddenly.
We take a break today before getting back into Money, bitcoin & Time, by beginning the awesome series at unchained-captial.com by Parker Lewis that is hitting major topics around Bitcoin and its supposed “failures” one at a time. A really fun and well written series that’s going to inspire great discussion for the show!
Today we start with his introductory piece, Gradually, Then Suddenly.
https://www.unchained-capital.com/blog/dollar-crisis-to-bitcoin/
Don’t forget to follow both Unchained Capital and Parker Lewis so you don’t miss the tons of other great stuff they are working on and some really great reading on Bitcoin and the financial markets.
https://twitter.com/parkeralewis
https://twitter.com/unchainedcap
Become a patron and help support my work at turning every brilliant piece of literature around Bitcoin and the Cryptoconomy into the audiobook version it deserves!! Love you guys!
https://www.patreon.com/thecryptoconomy
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Read_289 – Bitcoin & Me [Hal Finney]

Harold Thomas Finney (May 4, 1956 – August 28, 2014)
In one of his last posts on the BitcoinTalk forums, Hal Finney posted a short message about his past, finding Bitcoin, working with Satoshi, coming to terms with his disease, and the legacy he was leaving behind. On this day in 2014 we lost a true cypherpunk. Hal’s, Bitcoin and Me
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Read_288 – The Economic Nervous System – Money, Bitcoin, & Time [Part 3 – Robert Breedlove]

Today we continue our journey through Robert Breedlove’s thorough work by completing section 1 on the incredible history & profound nature of money.
• How prices are the economic nervous system
• Histories of failed monies
• When gold lost its soundness
• The Gilded Age
• The Century of War
• Skin in the game
• Free Markets vs Socialism
You’ll find this amazing work plus much more at parallaxdigital.io/blog
Further reading, listening, & exploration mentioned in today’s show:
Use of Knowledge in Society
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_250—Use-of-Knowledge-in-Society-Part-1-e43pfj
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_251—Use-of-Knowledge-in-Society-Part-2-e444k0
The Island of Stone Money
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_262—The-Island-of-Stone-Money-e4d6m0
All Wars are Bankers Wars
https://www.youtube.com/watch?v=5hfEBupAeo4
Nassim Taleb’s “Skin in the Game”
https://www.amazon.com/Skin-Game-Hidden-Asymmetries-Daily/dp/042528462X/ref=sr_1_1?keywords=skin+in+the+game&qid=1567028769&s=gateway&sr=8-1
If you want to support the tons of work in making audio versions and expanding on all the best written works around Bitcoin and the Cryptoconomy, become a patron below!
https://patreon.com/thecryptoconomy
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Read_287 – Money is a Social Network – Money, Bitcoin & Time [Part 2 – Robert Breedlove]

The network effects that tie society together through its community, language, and money are both incredibly powerful, and very difficult to measure. We continue with Robert Breedlove’s broad piece covering all of the core ideas that make Bitcoin the powerful innovation it is, and detailing exactly what it is changing, with a deep historical context.
• Money is a social network
• “Hardness” is #1
• The 7 characteristics of a monetary good
• The nature of prosperity
• How economies grow
So many fascinating concepts and related stories to share on this one. In the next section we will start back with “The Economic Nervous System” and how the natural emergence of prices creates the incentives to organize and direct our actions. So much more to come, don’t forget to subscribe!
Don’t forget that you can find this incredible work and much more at parallaxdigital.io/blog
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