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PocketCastsBasics_06 – The Lightning Network
The Lightning Network finally strikes in this Bitcoin Basics episode! Now that we understand the fundamentals of keys, wallets, transactions, and the node, we can finally take a dive...
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Read_720 – A History of Bitcoin Maximalism [Jameson Lopp]
“This was how more mainstream Bitcoin culture degraded from intellectual expressions of ideas (2017-era debates) to tribal recreations of the past. The old enemies were replaced with new enemies...
Read_719 – All You Can Hold for Five Bucks [Joseph Mitchell]
““In the old days they didn’t even use tables and chairs. They sat on beer crates and ate off the tops of beer barrels. You’d be surprised how much...
Read_718 – Bitcoin Does Not Waste Electricity [Beautyon_}
“Of all the objections to Bitcoin, the objection that it “wastes” electricity is the most absurd. This thinking betrays a fundamental misunderstanding of how electricity works, how markets work,...
Read_717 – How To Wreck a Big Old GSIB [DeepThroatIPO]
“Generally, what we’re talking about here is unregulated (or lightly regulated), uninsured investors, LLCs, Funds and privately controlled “Shadow Banking” assets. In 2021, these OFI Assets scattered around the planet...
Guy’s Take #65 – Banks, Digital Money, and a Cat
Prices are relative, Bitcoin is infinitely scalable, stability for the sake of stability is undesirable, maximal instability in prices maximizes resilience in the markets, and so much more. Today...
Read_716 – How to Fix Banking & Money – PBDC vs CBDC [El Gato]
“and the uniparty is in strong agreement here. both know that losing control of the money and the banks is an existential threat to their aristocratic and unaccountable powers....
Read_716 – How to Fix Banking & Money – PBDC vs CBDC [El Gato]
“and the uniparty is in strong agreement here. both know that losing control of the money and the banks is an existential threat to their aristocratic and unaccountable powers.
sure, this all sounds like a lot of change and a lot of risk and a wildly new set of systems, but you’re not going to fix that which has become this broken without change. the mal and mis-incentives are far too great and the entrenched interests like it this way. and it’s going to break.” – El Gato
Today we dive into a piece that expands a thought experiment on what a free banking system might look like and what historical precedent we have for thinking about the what and why of the banking and financial system we will need to replace the one on its deathbed… especially to ensure we don’t die with it. Funny enough, the article is in a sense against Bitcoin in the sense of its need for fixing the baking system, but we will discuss in a follow up Guy’s Take exactly why his idea has a lot of value, but why it will never work, without Bitcoin. Stay tuned.
Check out the original article and tons of other great reading on the substack below:
https://boriquagato.substack.com/p/how-to-fix-banking-and-money-pbdc
Guy’s Nostr Pubkey: npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev
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“I have never understood why it is “greed” to want to keep the money you have earned but not greed to want to take somebody else’s money.”
— Thomas Sowell
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Read_715 – Clear and Present Danger [Joel Bowman]
“Thus was the dubious “clear and present danger” standard born. Holmes himself sought to redefine the standard later that same year when he dissented in Abrams v. United States...
