Guy

Rights, Incentives & the Bitcoin System

What are rights and can Bitcoin enable us to make better sense of them?

It is very common to hear that education is a “right,” that healthcare, a fair salary, etc are all “rights” that we can demand of others and are entitled to. Can this be the case? How do they conflict with the more basic rights of the control over our own lives, our right to choose, and the rights to our bodies? Can we simply declare that the things we want or need are rights and this means we can have as much of it as we would like?

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October 2, 2020
Guy

Guy’s Take – The Dominoes are Falling

“We find the global acceptance, brand recognition, ecosystem vitality, network dominance, architectural resilience, technical utility, and community ethos of Bitcoin to be persuasive evidence of its superiority as an asset class for those seeking a long-term store of value.” – Michael Saylor

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August 14, 2020
Guy

The Halving is Not Priced in, Here’s Why

As a follow up to Nic Carter’s and PlanB’s articles on how the markets are pricing Bitcoin’s supply and known halvings, I go through the reasons I feel the market both is very unwilling and unconfident about the consequences of the halving. It is less “known information,” and more a blind gamble.

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January 28, 2020
Guy

Money, Networks, Blockchains, & Bitcoin

The much deserved Guy’s Take episode as a dedicated follow-up to the amazing work of “The Bitcoin Time Vol 1.” There just wasn’t enough time to do it justice during the read, so today I give my take on the plethora of ideas conveyed in Alek Svetski’s awesome work!

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November 7, 2019
Guy

How Bitcoin Could Bring Down the State

Inflation, or manipulation of the money supply to the benefit of the politically well connected, is quite possibly the most pervasive frauds of modern society.  It creates multiple layers of compounded resource misallocation, it benefits the debtors and manipulators at the expense of savers, it puts a constant downward pressure on living standards, and it enables more unchecked corruption and abuse of power than any other aspect of our political systems.

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August 2, 2019
Guy

Libra Doesn’t Compete with Bitcoin, But it Might Kill Ripple

All the buzz is about FacebookCoin, I mean FacePalmCoin, I mean Libra today with the release of the testnet and Libra.org giving much sought after details on the new protocol and what they seek to accomplish with it.  The big question, can it do any of what it says, and what other projects does it compete with really?  We read numerous twitter posts, including a great thread by Caitlin Long, tweets from Andreas, details sourced by Jameson Lopp, and more in today’s Guy’s Take episode.

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June 18, 2019
Guy

The Bcash 51% Attack

In a crazy conversation from last night’s meet-up, I learned of discussion of a purposeful re-org, a 51% attack, on the #BCH chain by 2 miners. After a few hours scrambling to pull details together this morning, this is what I’ve discovered so far. Don’t miss this Guy’s Take episode all about the #Bcash 51% attack!

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June 13, 2019
Guy

A Story About Booms & Busts

Today I wanted to cover an analogy I have hit in the past to explain what’s happening in the boom/bust cycle. One that sheds light on the fact that the imbalance is a fundamental element of the fractional reserve system, rather than an unexplainable flaw of humanity shrugged away by “animal spirits.”

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June 11, 2019
Guy

Erlay, Dandelion, & BitcoinOps

With help from the Bitcoin Optech newsletter we cover details and implications of the newly proposed Erlay protocol for spreading transactions quickly and efficiently across the network.  An 84% reduction in bandwidth for getting transactions to every node, is certainly nothing to scoff at.  With effects on network efficiency and privacy, let’s talk Erlay, Dandelion, & BitcoinOps!

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June 6, 2019