Bitcoin Audible
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"WE KNOW THE LAW IS UNCONSTITUTIONAL. FINCEN KNOWS THE LAW IS UNCONSTITUTIONAL. FINCEN KNOWS WE KNOW THE LAW IS UNCONSTITUTIONAL. AND YET WE'RE SUPPOSED TO PRETEND LIKE NOTHING HAPPENED AND COMPLY WITH AN ILLEGAL LAW." ~ JAMESON LOPP What do we do when a regulatory agency continues to enforce an illegal law against a judicial verdict? Jameson Lopp explores the Corporate Transparency Act (CTA), revealing how it mandates extensive reporting to the Financial Crimes Enforcement Network, compromising individual privacy and security under the guise of legal compliance. How does this act, despite being challenged for its constitutionality, reflect broader tensions between privacy rights and government surveillance in the digital age? Check out the original article at Congress is Unconstitutionally Criminalizing Privacy. https://blog.lopp.net/congress-is-criminalizing-privacy/ (Link: https://tinyurl.com/46h3swp3) GUEST LINKS __ __ HOST LINKS __ __ CHECK OUT OUR AWESOME SPONSORS! __ __ “PEOPLE HAVE ONLY AS MUCH LIBERTY AS THEY HAVE THE INTELLIGENCE TO WANT AND THE COURAGE TO TAKE.” ~ EMMA GOLDMAN --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message
"YOU HAVE TO DECIDE HOW TO MOVE FORWARD. YOU HAVE TO DECIDE WHAT GAME YOU WANT TO PLAY; HOW MUCH RESPONSIBILITY https://dergigi.com/responsibility YOU ARE WILLING TO SHOULDER. DO YOU WANT TO STAY STUCK IN THE MACHINE? A MACHINE THAT USES AND ABUSES YOU? A MACHINE THAT FEEDS ITSELF BY EXTRACTING AND DEVOURING YOUR TIME, ATTENTION, AND VALUE https://dergigi.com/value? OR DO YOU HAVE THE COURAGE TO TAKE CONTROL OF YOUR WEALTH, HEALTH, THOUGHTS, AND SPEECH https://dergigi.com/speech?" ~ DERGIGI Free speech is a non-negotiable foundation for society and human progress, as the open exchange of ideas allows us to productively clash perspectives and arrive at truth. Free speech and societal evolution are inextricably linked, our discussion today underscores how critical unrestricted discourse is to confronting humanity's most complex problems. But there is a huge concern in our current era... how can we ensure robust protections for free speech in an era of increasing censorship and centralized control over communication platforms? Check out the original article at Speaking Freely - On the Oxymoron of Free Speech Platforms https://dergigi.com/2024/03/25/speaking-freely-online/. (Link: https://tinyurl.com/4aem73sy) GUEST LINKS __ __ HOST LINKS __ __ CHECK OUT OUR AWESOME SPONSORS! __ __ "IF FREEDOM OF SPEECH IS TAKEN AWAY, THEN DUMB AND SILENT, WE MAY BE LED LIKE SHEEP TO THE SLAUGHTER." ~ GEORGE WASHINGTON --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message
Guy Swann and Preston Pysh explore the dramatic shifts in global finance and the pivotal role of Bitcoin amidst rising inflation and the banking sector's vulnerabilities. They discuss how Bitcoin's growing influence could recalibrate financial power dynamics, offering a stark contrast to traditional economic mechanisms prone to manipulation and control. How might Bitcoin's ascent challenge the existing financial order and catalyze a shift towards more decentralized, resilient economic structures? GUEST LINKS __ __ HOST LINKS __ __ CHECK OUT OUR AWESOME SPONSORS! __ __ --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message
Fiat money has a collection of malincentives and consequences for the degrading and rotting of society. As we covered in the first part of this series, it leads to mindless consumerism and a more materialist culture. As we continue, I want to cover something else that it does by stealing the value of our savings which is our bet on the future health and capacity of society to provide for us. What happens when we are forced to bet against the future. As well as artificially lowering the price to replace things in the economy, until an enormous amount of the economic engine is built around quick financing, low quality products, and then throwing it away to finance the next thing. It's time for a Guy's Take episode, This is The Fiat Replacement Theory. LINK TO CHECK OUT __ __ HOST LINKS __ __ CHECK OUT OUR AWESOME SPONSORS! __ __ "EVERYWHERE I TRAVEL, TINY LIFE, SINGLE SERVING SUGAR, SINGLE SERVING CREAM, SINGLE PAD OF BUTTER, THE MICROWAVE, CORDON BLEU, HOBBY KIT, SHAMPOO CONDITIONER COMBOS, SAMPLE PACKAGED MOUTHWASH, TINY BARS OF SOAP. THE PEOPLE I MEET ON EACH FLIGHT, THEY'RE SINGLE SERVING FRIENDS. BETWEEN TAKE OFF AND LANDING WE HAVE OUR TIME TOGETHER, THAT'S ALL WE GET. WELCOME!" ~ TYLER DURDEN --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message
"THE MECHANISMS ENFORCING THIS MODERN CENSORSHIP ARE NOT CONFINED TO PRIVATE SECTORS OR INDIVIDUAL PLATFORMS BUT ARE SIGNIFICANTLY DIRECTED AND INFLUENCED BY THE U.S. GOVERNMENT ITSELF. THIS INTERTWINING OF STATE POWERS WITH CENSORSHIP ACTIVITIES MARKS A TROUBLING DEPARTURE FROM TRADITIONAL AMERICAN VALUES, WHERE FREE SPEECH HAS BEEN HELD SACRED." ~ DR. JOSEPH MERCOLA The troubling and dangerous emergence of a modern censorship system has taken hold in the west. A partnership of the governments, the military industrial complex, tech giants, and establishment news media have together subtly transformed the internet from a freedom-promoting platform into a tightly monitored, controlled, and censored environment. Could this be the end of free speech online, and what, if anything, can we do about it? All this and more as we cover Dr. Joseph Mercola's excellent article and expand in the Guy's Take to follow. Check out the original article at The National Security State Is the Main Driver of Censorship in the US https://articles.mercola.com/sites/articles/archive/2024/03/16/modern-censorship.aspx?v=1710957813. (Link: https://tinyurl.com/4h6k67zr) LINKS TO CHECK OUT __ __ GUEST LINKS __ __ HOST LINKS __ __ CHECK OUT OUR AWESOME SPONSORS! __ __ "THE WORLD IS NOT SLIDING, BUT GALLOPING INTO A NEW TRANSNATIONAL DYSTOPIA. THIS DEVELOPMENT HAS NOT BEEN PROPERLY RECOGNIZED OUTSIDE OF NATIONAL SECURITY CIRCLES. IT HAS BEEN HIDDEN BY SECRECY, COMPLEXITY AND SCALE. THE INTERNET, OUR GREATEST TOOL OF EMANCIPATION, HAS BEEN TRANSFORMED INTO THE MOST DANGEROUS FACILITATOR OF TOTALITARIANISM WE HAVE EVER SEEN." ~ JULIAN ASSANGE --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message
"AS FAR AS I'M CONCERNED, THERE'S NO OBVIOUS INCREASED DANGER FROM THE CCP HAVING CONTROL OVER OUR ACCESS OR OUR INFORMATION OR EVEN MODIFYING THE ALGORITHM, THAN IT IS THE ALPHABETS OF THE WORLD OR THE METAS OF THE WORLD OR THE CIA OR THE FBI'S OF THE WORLD, LIKE THESE PEOPLE... AS FAR AS I'M CONCERNED, THE UNITED STATES FEDERAL GOVERNMENT IS WAY MORE OF AN EXISTENTIAL THREAT TO ME THAN THE CCP. I'M DOMICILED HERE, THEY HAVE THE ABILITY TO FINE AND TAX AND SANCTION AND IMPRISON ME FOR WRONG THINK. THAT'S A WAY MORE CLEAR AND PRESENT DANGER." ~ CLINT RUSSELL The bill to ban Tiktok, the risks of legislative "solutions," blaming technology for cultural decay, the death of personal responsibility, the second wave of the banking crisis, the systemic problems of fractional reserve, and the possibility of a path out of all of this mess. All this and more in our winding chat with Clint Russell of the Liberty Lockdown and The Best Political Show podcasts. Don't miss this one. GUEST LINKS __ __ HOST LINKS __ __ CHECK OUT OUR AWESOME SPONSORS! __ __ --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message
"IN A SYSTEM THAT DEPENDS ON IRRESPONSIBLE GOVERNMENT SPENDING (ESPECIALLY FOR PERPETUAL WAR) AND FIAT PRINTING TO COVER THAT IRRESPONSIBILITY, ALARM BELLS CANNOT BE ALLOWED TO WORK. THERE MUST BE NO PURE PRICE SIGNALS. ~ MACROSCOPE In "Bitter Opposition to Bitcoin," the episode delves into the reasons behind policymakers' aversion to Bitcoin, particularly the prospect of a Bitcoin ETF. What if the antagonism has nothing to do with the openly stated claims? Does Warren actually think Bitcoin is used by only criminals, or does she hate it for another reason entirely, one that cannot be admitted? We dive into a great little tweet from MacroScope in today's show to find out. Check out the original article at MacroScope https://x.com/MacroScope17/status/1769400435188601164?s=20 on X. (Link: https://tinyurl.com/2dnxcvns) LINKS TO CHECK OUT __ __ __ __ __ __ HOST LINKS __ __ CHECK OUT OUR AWESOME SPONSORS! __ __ “THE FIRST DUTY OF A MAN IS TO THINK FOR HIMSELF” ~ JOSE MARTI --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message
"BITCOIN WILL PROBABLY CRASH AGAIN BUT IT IS NEITHER A PONZI SCHEME NOR A BUBBLE – IT’S SOMETHING FAR WORSE: IT IS AN INHERENTLY SECURE, TIGHTLY-CONTROLLED ASSET WITH A REGULATED SUPPLY, AND IS THEREFORE A SUBVERSION TO THE WHOLE BASIS OF FREE-MARKET FINANCIAL CAPITALISM." ~ ALAN KOHLER What if Bitcoin is actually much worse than a Ponzi scheme? What if it's both here to stay, but also a total subversion to the very idea of the system we are currently in? Could this be another insurrectionist attack on this great nation and others? What if the systems that keep us safe and keep our financial system secure and solvent were to be undermined by a new rogue asset, that could threaten the foundations of all we have built? Find out the dangers of Bitcoin in today's read by Alan Kohler... Check out the original article at Alan Kohler: Bitcoin is not a Ponzi bubble. It’s worse – an insurrection https://www.thenewdaily.com.au/finance/2024/03/06/alan-kohler-bitcoin-insurrection. (Link: https://tinyurl.com/33nnhbjn) REFERENCES FROM THE SHOW __ __ GUEST LINKS __ __ HOST LINKS __ __ CHECK OUT OUR AWESOME SPONSORS! __ __ --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message
"OF ALL MEASUREMENT INSTRUMENTS, THE CLOCK IS THE MOST VALUABLE BECAUSE SO MANY OF THE THINGS WE SACRIFICE TO CREATE ARE NOT FUNGIBLE. THE MASSIVE CLOCK TOWERS OF EUROPE, WITH THEIR ENORMOUS LOUD AND RESONANT BELLS, BROADCASTING TIME, FAIRLY ACROSS THE TOWN AND EVEN THE COUNTRYSIDE, RATHER THAN THE LAST RELICS OF THE MEDIEVAL, WERE THE FIRST BUILDING BLOCK OF THE WEALTHY MODERN WORLD." ~ NICK SZABO Part 2 of "A Measure of Sacrifice" delves into the profound impact of mechanical clocks on societal structures, emphasizing how the precise measurement of time transformed economic practices and labor relations. By creating a standardized and fungible measure of sacrifice — time — clocks facilitated the shift from serfdom and slavery to wage labor, showcasing the power of technological advancements in reshaping human interactions and values. How does this illuminate the value and role of Bitcoin in creating a new revolution in the measure and exchange of sacrifice, independently and verifiably? Could it end monetary slavery? Check out the original article at A Measure of Sacrifice https://nakamotoinstitute.org/library/a-measure-of-sacrifice(Link: https://tinyurl.com/3j54336p) LINKS FROM THE COMMENTARY __ __ GUEST LINKS __ __ __ __ HOST LINKS __ __ CHECK OUT OUR AWESOME SPONSORS! __ __ “WHEN YOU WANT TO HELP PEOPLE, YOU TELL THEM THE TRUTH. WHEN YOU WANT TO HELP YOURSELF, YOU TELL THEM WHAT THEY WANT TO HEAR.” ~ THOMAS SOWELL --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message
"FROM AN ENGINEERING PERSPECTIVE THE MECHANICAL CLOCK WITH ITS NOVELTY, THE ESCAPEMENT, WAS BY FAR THE MORE IMPORTANT INVENTION. IN TERMS OF ITS IMPACT ON CONTEMPORARY TEMPORAL RELATIONSHIPS, THE MECHANICAL CLOCK AND SANDGLASS WERE OF SIMILAR IMPORTANCE. THE MAIN INNOVATIONS WERE THE RESTRUCTURINGS OF THE RELATIONSHIPS THEMSELVES. CHIEF AMONG THESE WAS THE TIME-RATE WAGE, WHICH PLAYED A LEADING ROLE THE ECONOMIC REVOLUTION THAT STARTED IN THE LATE MIDDLE AGES. -- DURING THIS ERA PHYSICALLY COERCED LABOR GAVE WAY TO WORKER CHOICE; SERFDOM AND SLAVERY SUCCUMBED TO THE TIME-RATE WAGE." ~ NICK SZABO In this episode, we dive deep into the fascinating history of timekeeping and its revolutionary impact on society and our economy. Join me, Guy Swan, as we explore "A Measure of Sacrifice" by Nick Szabo, uncovering the profound connection between the evolution of clocks, the concept of proof of work, and our modern understanding of value and fairness. Don't miss this journey through time—right here on Bitcoin Audible. Check out the original article at A Measure of Sacrifice | Satoshi Nakamoto Institute https://tinyurl.com/4dhej9dc. (Link: https://tinyurl.com/4dhej9dc) GUEST LINKS __ __ HOST LINKS __ __ CHECK OUT OUR AWESOME SPONSORS! __ __ "THERE IS NO SECOND BEST" ~ MICHAEL SAYLOR --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message
I'm sure you have heard the claim that without inflation and the good people running the counterfeit machine, people would never spend money and it would cause an economic crisis. But have you ever seriously considered what the consequences of encouraging consumption and materialist economic activity might actually be, and whether we really need to subsidize the human desire to use up resources? What if it degrades the very process by which we even determine what our resources are worth to begin with? It's time for a Guy's Take episode. LISTEN TO THE RECENT READ BY HULSMANN TO UNDERSTAND THE FOUNDATIONS OF THIS EPISODE __ __ HOST LINKS __ __ CHECK OUT OUR AWESOME SPONSORS! __ __ "AND WERE AN EPITAPH TO BE MY STORY I'D HAVE A SHORT ONE READY FOR MY OWN. I WOULD HAVE WRITTEN OF ME ON MY STONE: I HAD A LOVER'S QUARREL WITH THE WORLD." ~ ROBERT FROST --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message
"WHETHER YOU'RE A REKT CRYPTO BRO OR A FRIEND OF FIAT, THERE IS ONE THING THAT IS ESPECIALLY DIFFICULT TO ACCEPT. THE ONE THING THAT SETS BITCOIN APART: IT ALL WORKS WITHOUT ANYONE IN CHARGE." ~ GIGI The crypto and fiat bros of the world are likely in shock as Bitcoin, once again, has not died. Once again, rallies toward all time highs despite the clear "unbacked tulip mania bubble" that it really is if you ask the typical fiat and crypto minded. I think it's valuable to go back to a piece written by the ever-thought provoking mind of DerGigi in the very heart of the bear market. How could it be so clear that we were headed back here? What could lead to such conviction? What do we understand, that others don't? Find out in today's excellent read. Check out the original article at Dear Crypto & Fiat Bros https://tinyurl.com/5n9byjh9. (Link: https://tinyurl.com/5n9byjh9) GUEST LINKS __ __ HOST LINKS __ __ CHECK OUT OUR AWESOME SPONSORS! __ __ “SOMETIMES THE QUESTIONS ARE COMPLICATED AND THE ANSWERS ARE SIMPLE.” ~ DR. SEUSS --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message
"IT MIGHT FEEL AS IF THE PROMISED FUTURE IS PERPETUALLY OUT OF REACH, BUT BUILDING LIGHTNING IS A LOT LIKE CLIMBING A MOUNTAIN. CLIMBERS NEVER REALLY SEE THE SUMMIT UNTIL THEY’RE STANDING ON TOP OF IT. THEY OFTEN CAN’T EVEN SEE OVER THE NEXT RIDGE. PLANNING THE ASCENT IS IMPORTANT, BUT MOST OF THE TIME YOU’RE SIMPLY CONCENTRATING ON THE NEXT FOOTHOLD. BUT THE STEPS ADD UP. JUST LIKE THE VIEW FROM THE TOP IS THE REWARD FOR ALL THAT EFFORT, A BRIGHTER MONETARY FUTURE WILL BE OUR REWARD FOR BUILDING THE NETWORK BIT BY BIT." ~ ROY SHEINFELD Today we dive into a short read covering an interesting technical challenge, but touches on a hint of truth that makes for a fascinating commentary to follow. It is easy to get lost and see where Bitcoin's potential hasn't lived up to impossible promises, but its critical that we not lose sight of where we have come from. To have a perspective rooted in reality weighing our progress from where we actually came, not lost in a foolish expectation and comparing to a falsely remembered past. Let's dive into a great little piece from Roy Sheinfeld, CEO at Breez. Check out the original article at The Past, Present, and Future of Offline Payments https://medium.com/breez-technology/the-past-present-and-future-of-offline-payments-1ddb46054e11. (Link: http://tinyurl.com/mtmvatbx) MENTIONED IN THE EPISODE __ __ __ __ __ (Link: http://tinyurl.com/2vybksr8) __ __ __ GUEST LINKS __ __ HOST LINKS __ __ CHECK OUT OUR AWESOME SPONSORS! __ __ “WE CAN COMPLAIN BECAUSE ROSE BUSHES HAVE THORNS, OR REJOICE BECAUSE THORNS HAVE ROSES.” ~ ALPHONSE KARR --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message
"IZZY SAID THERE COULD BE INFLATION IN A HYPERBITCOINIZED WORLD. AND SHE'S RIGHT. CALM DOWN, MAXIS, CALM DOWN! EXPLAINING WHY THIS IS TRUE SHEDS LIGHT ON YET ANOTHER OF BITCOIN’S QUASI-MAGICAL PROPERTIES AND PAINTS OUR HYPERBITCOINIZED FUTURE AN EVEN ROSIER SHADE OF ORANGE. THIS IS GOOD FOR BITCOIN." ~ ALLEN FARRINGTON This may seem crazy, heretical even, but inflation can occur in a hyperbitcoinized world. How could that possibly be? When there's only ever 21 million BTC? Is this nothing but fiat nonsense, or does it clarify an important distinction while at the same time revealing the absurdity of a major keynesian economic model? Listen to Allen Farrington's 2021 piece on the topic today to find out. Check out the original article at Inflation In A Hyperbitcoinized World https://allenfarrington.medium.com/inflation-in-a-hyperbitcoinized-world-a51500a473e6 (Link: http://tinyurl.com/yeyp6mk4) GUEST LINKS __ __ __ __ HOST LINKS __ __ CHECK OUT OUR AWESOME SPONSORS! __ __ "IT'S THE QUESTIONS WE CAN'T ANSWER THAT TEACH US THE MOST. THEY TEACH US HOW TO THINK. IF YOU GIVE A MAN AN ANSWER, ALL HE GAINS IS A LITTLE FACT. BUT GIVE HIM A QUESTION AND HE'LL LOOK FOR HIS OWN ANSWERS." ~ PATRICK ROTHFUSS, THE WISE MAN'S FEAR --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message
"I'M SUPER CONFIDENT THAT LIGHTNING IS NOT JUST THE PRESENT BUT ALSO THE FUTURE OF LIGHTNING. IT IS THE INTEROPERABILITY LAYER BETWEEN ALL THINGS BITCOIN." ~ ROY SHEINFELD What is the future of the lightning network and how is it transforming the Bitcoin ecosystem? Today we take a journey with Roy Sheinfeld of Breez, diving into the latest innovations in lightning, exploring the Breeze SDK, liquidity management, and the path and place that lightning will have in an open, permissionless monetary ecosystem. Find out more about Bitcoins' scaling challenges and how we can use the tools today, to build the future we seek. GUEST LINKS __ __ HOST LINKS __ __ CHECK OUT OUR AWESOME SPONSORS! __ __ --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message
"THE FOREGOING CONSIDERATIONS ARE BY NO MEANS AN EXHAUSTIVE ACCOUNT OF THE CULTURAL AND SPIRITUAL LEGACY OF FIAT INFLATION. BUT THEY SHOULD SUFFICE TO SUBSTANTIATE THE MAIN POINT: THAT FIAT INFLAITON IS A POWERHOUSE OF SOCIAL, ECONOMIC, CULTURAL, AND SPIRITUAL DESTRUCTION." Fiat inflation is more than a hidden tax on everyday folks—it's the fuel for the worst parts of our system, feeding both the war monster overseas and a creeping police state at home. It fosters a culture where impulsive, harmful choices are rewarded, punishing those who live sensibly and plan for tomorrow. It's a thief that strips us of our wealth, our values, and our spirit. Dive into today's must-read from Jorg Guido Hulsmann at the Mises Institute, and see the society rotting symptoms of the fiat disease. CHECK OUT JORG GUIDO HULSMANN'S ARTICLE: __ __ Don't forgot to follow and boost on Fountain https://www.fountain.com/ (Link: https://www.fountain.com/) HOST LINKS __ __ CHECK OUT OUR AWESOME SPONSORS! __ __ “DON’T PAY ATTENTION TO ‘AUTHORITIES’, THINK FOR YOURSELF.” ~ RICHARD P. FEYNMAN --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message
"DURING THE PEAK TRANSACTION FEE TIMES OVER THE PAST MONTH, OUR EXAMPLE TRANSACTION WOULD BE DUST EVEN FOR .001 BTC. THAT’S A LITTLE LESS THAN $50 AT CURRENT MARKET CONDITIONS. THIS FEELS INCREDIBLE. 100,000 SATS SUDDENLY TURNED INTO DUST. GONE. UNUSABLE. THIS IS TERRIFYING." ~ JOE RODGERS While we have a short respite from the crazy fees that have hit the Bitcoin world recently, there couldn't be a more important time to discuss the cost of moving UTXOs and just how to manage your bitcoin balances so they don't get swallowed by high fees. Have you analyzed your bitcoin balances and transactions to know where you stand? Have you consolidated your weekly purchases? Don't let your bitcoin turn to dust, listen to today's episode to learn how to protect yourself. Check out the original article at To Dust You Shall Return. https://bitcoinmagazine.com/technical/to-dust-you-shall-return?utm_source=carrot&utm_medium=partner&utm_campaign=carrot_share (Link: http://tinyurl.com/kmuw7bn9) LINKS TO OTHER THINGS MENTIONED IN THE SHOWNOTES Bitcoin Audible - Read_791 - Rethinking Lightning https://fountain.fm/episode/XzYkJJPVxjQkJIXmdmAT(Link: http://tinyurl.com/3j8yke2d) GUEST LINKS __ __ HOST LINKS __ __ CHECK OUT OUR AWESOME SPONSORS! __ __ “THE REASON MOST PEOPLE FAIL INSTEAD OF SUCCEED IS THEY TRADE WHAT THEY WANT MOST FOR WHAT THEY WANT AT THE MOMENT.” ~ NAPOLEON BONAPARTE --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message
We had an awesome chat on Twitter Spaces where we discuss the launch of Pear Runtime, bringing Paolo Arduino, Mathias Buus, David Markclem, Samson Mow, and Giacomo Zucco! We dig into what this could mean for the future of application development, the impact it will have on the tech industry, how it could disrupt monetization models, how this could be used in gaming, journalism, social media, et al, the control it will shift back to the user, and about ushering in the second coming of the peer to peer web. This is a huge moment for P2P, don't miss this chat! DON'T FORGET TO CHECK OUT THE MANY LINKS AND TOOLS AVAILABLE TO EXPLORE THIS INCREDIBLE TECH! __ __ __ __ __ __ __ __ __ __ JOIN THE KEET ROOM WITH THE PEAR COMMUNITY pear://keet/yry7g7wa7bmrjd1xxr7ce64581ij3hozq7589xfgxjrm74kgp34o36pwp46ohw4u1w63o6is6sax6j3swgdi66dmti8p8nfuyypfwewbuy (Link: https://pears.com/contact/) HOST LINKS __ __ CHECK OUT OUR AWESOME SPONSORS! __ __ “YOUR BELIEFS BECOME YOUR THOUGHTS, YOUR THOUGHTS BECOME YOUR WORDS, YOUR WORDS BECOME YOUR ACTIONS, YOUR ACTIONS BECOME YOUR HABITS, YOUR HABITS BECOME YOUR VALUES, YOUR VALUES BECOME YOUR DESTINY.” ~ GANDHI --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message
"FOR TOO LONG, THE WORLD HAS HAD TO ENDURE THE FALLOUT OF SUBPAR ACADEMIC RESEARCH ON BITCOIN MINING’S ENERGY USE AND ENVIRONMENTAL IMPACT. THE OUTCOME OF THIS BULLSHIT RESEARCH HAS BEEN SHOCKING NEWS HEADLINES THAT HAVE TURNED SOME WELL-MEANING PEOPLE INTO ANGRY POLITICIANS AND DERANGED ACTIVISTS. SO THAT YOU NEVER HAVE TO ENDURE THE BRUTALITY OF ONE OF THESE SLOPPY PAPERS, I’VE SACRIFICED MY SOUL TO THE BITCOIN MINING GODS AND PERFORMED A FULL-SCALE ANALYSIS OF A STUDY FROM THE UNITED NATIONS UNIVERSITY, PUBLISHED RECENTLY IN THE AMERICAN GEOPHYSICAL UNION’S EARTH’S FUTURE. ONLY THE BRAVEST AND HARDEST OF ALL BITCOIN AUTISTS MAY PROCEED TO THE FOLLOWING PARAGRAPHS, THE REST OF YOU CAN GO BACK TO WATCHING THE PRICE CHART." ~ MARGOT PAEZ The battle for common sense in Bitcoin regulation and understanding of its energy use and environmental footprint may not ever be winnable, but in the course of the war on garbage research, if from time to time we get entertaining and scathing articles like this one from Margot Paez that tears apart their research... maybe it'll all be worth it. A major shout out to btcpolicy.org https://www.btcpolicy.org/ for their incredible work. Check out the original article at Mining Misinformation: How The United Nations University Misrepresents Bitcoin's Energy Use http://tinyurl.com/43f4ubtr (Link: http://tinyurl.com/43f4ubtr) FOR THE OTHER LINKS AND REFERENCES SHARED IN THE ANGRY RANT FOLLOWING THE READ __ __ GUEST LINKS __ __ HOST LINKS __ __ CHECK OUT OUR AWESOME SPONSORS! __ __ “FORMING YOUR WORLDVIEW BY RELYING ON THE MEDIA WOULD BE LIKE FORMING YOUR VIEW ABOUT ME BY LOOKING ONLY AT A PICTURE OF MY FOOT.” ~ HANS ROSLING --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message
"NWC IS USEFUL FOR FAR MORE THAN SIMPLY INTEGRATING LIGHTNING INTO NOSTR APPLICATIONS AS WELL. THE ENTIRE DESIGN PHILOSOPHY OF NOSTR ITSELF AS A PROTOCOL WAS CENTERED AROUND KEEPING IT SIMPLE ENOUGH THAT THE ENTIRE PROTOCOL COULD BE EASILY IMPLEMENTED CORRECTLY BY ANY DEVELOPER WITH MINIMAL TIME AND RESOURCES. APPLICATIONS THAT HAVE NOTHING TO DO WITH NOSTR CAN EASILY INTEGRATE NWC OR SIMILAR PROTOCOLS WITH ALMOST NO OVERHEAD OR COMPLEXITY TO ADDRESS THE UNDERLYING ISSUES OF HOW TO CONNECT A BITCOIN WALLET WITH THEIR APPLICATION WITHOUT HAVING TO BUILD IT DIRECTLY INTO THE APP." What if some of the biggest improvements in security, decentralization, and the power of Bitcoin and its app ecosystem, isn't a new OP_CODE or functionality of the bitcoin client, but instead the utilization of something completely separate? What if we can use Nostr, or other decentralized protocols, as identity and coordination layers for Bitcoin apps, so new applications can quickly and easily communicate, and connect to other devices and wallets, without the incredible overhead and complexity that this usually entails? This, is Nostr Wallet Connect. Check out the original article at Nostr Wallet Connect: A Bitcoin Application Collaboration Layer. https://bitcoinmagazine.com/technical/nostr-wallet-connect-a-bitcoin-application-collaboration-layer(Link: http://tinyurl.com/3w7fe7nf) REFERENCES IN THE COMMENTARY __ __ GUEST LINKS __ __ HOST LINKS __ __ CHECK OUT OUR AWESOME SPONSORS! __ __ “IT OCCURS TO ME THAT OUR SURVIVAL MAY DEPEND UPON OUR TALKING TO ONE ANOTHER.” ~ DAN SIMMONS --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message
THE MAIN PROMISE OF QUANTUM COMPUTING IS THE ABILITY TO SOLVE PROBLEMS FAR FASTER THAN CLASSICAL COMPUTERS, BUT EXACTLY HOW MUCH FASTER VARIES. THERE ARE TWO APPLICATIONS WHERE QUANTUM ALGORITHMS APPEAR TO PROVIDE AN EXPONENTIAL SPEED UP, SAYS TROYER. ONE IS FACTORING LARGE NUMBERS, WHICH COULD MAKE IT POSSIBLE TO BREAK THE PUBLIC KEY ENCRYPTION https://spectrum.ieee.org/post-quantum-cryptography-strategy THE INTERNET IS BUILT ON. THE OTHER IS SIMULATING QUANTUM SYSTEMS, WHICH COULD HAVE APPLICATIONS IN CHEMISTRY AND MATERIALS SCIENCE." ~ EDD GENT Is Bitcoin destined to fall when quantum computers make their debut? Is the encryption that underpins the entire design of the system at risk this year? This decade? This century? What is the real story behind quantum computing and is there anything we can know from looking at the industry today and where it has, or has not succeeded, in living up to its many promises? Find out in today's episode. Check out the original article at Quantum Computing’s Hard, Cold Reality Check Hype is everywhere, skeptics say, and practical applications are still far away. https://spectrum.ieee.org/quantum-computing-skeptics (Link: http://tinyurl.com/4xsrz2y3) REFERENCES MADE IN THE SHOW https://www.youtube.com/watch?v=eyHToXZsgzo __ __ __ __ GUEST LINKS __ __ HOST LINKS __ __ CHECK OUT OUR AWESOME SPONSORS! __ __ THERE IS ONLY ONE KIND OF SHOCK WORSE THAN THE TOTALLY UNEXPECTED: THE EXPECTED FOR WHICH ONE HAS REFUSED TO PREPARE.” ~ MARY RENAULT --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message
"ONE OF THE AMAZING THINGS ABOUT THE INTERNET ECONOMY IS HOW DIFFERENT THE LIST OF TOP INTERNET PROPERTIES TODAY LOOKS FROM THE LIST TEN YEARS AGO. http://technologizer.com/2009/04/23/whatever-happened-to-the-top-15-properties-of-april-1999/ IT WASN’T AS IF THOSE FORMER TOP COMPANIES WERE COMPLACENT – MOST OF THEM ACQUIRED AND BUILT PRODUCTS LIKE CRAZY TO AVOID BEING DISPLACED. THE REASON BIG NEW THINGS SNEAK BY INCUMBENTS IS THAT THE NEXT BIG THING ALWAYS STARTS OUT BEING DISMISSED AS A “TOY.” ~ CHRIS DIXON Why do so many miss the biggest innovations and most revolutionary technologies sitting right in front of their eyes? Sometimes, like Bitcoin, it is such a drastic change, or solves something so fundamental, that many aren't even aware of the problem. It simply doesn't fit in their worldview. But far more often disruptive technologies are dismissed because they find their first footing in a small, obscure, or purely explorative niche... in other words, they get mistaken as a toy, until they change the world. Check out the original article at The next big thing will start out looking like a toy. https://cdixon.org/2010/01/03/the-next-big-thing-will-start-out-looking-like-a-toy (Link: http://tinyurl.com/3av4vk4d) GUEST LINKS __ __ __ __ HOST LINKS __ __ CHECK OUT OUR AWESOME SPONSORS! __ __ “ALL BIG THINGS COME FROM SMALL BEGINNINGS. THE SEED OF EVERY HABIT IS A SINGLE, TINY DECISION. BUT AS THAT DECISION IS REPEATED, A HABIT SPROUTS AND GROWS STRONGER. ROOTS ENTRENCH THEMSELVES AND BRANCHES GROW. THE TASK OF BREAKING A BAD HABIT IS LIKE UPROOTING A POWERFUL OAK WITHIN US. AND THE TASK OF BUILDING A GOOD HABIT IS LIKE CULTIVATING A DELICATE FLOWER ONE DAY AT A TIME.” ~ JAMES CLEAR, ATOMIC HABITS --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message
"BITCOIN WASTES ENERGY. YOU'VE HEARD IT A MILLION TIMES. BUT WHAT IF ITS THE EXACT OPPOSITE OF THE TRUTH IN EVERY WAY? WHAT IF ITS ACTUALLY OUR ENERGY GRID THAT IS WASTEFUL, AND BITCOIN CAN FIX IT? WHAT IF ITS RENEWABLE ENERGY THAT IS UNRELIABLE AND UNECONOMICAL, AND BITCOIN MINING CAN BALANCE IT OUT. WHAT IS ITS FIAT THAT'S WASTEFUL AND UNFAIR, AND BITCOIN CAN CORRECT IT? AND WHAT IF THE ENTIRE PREMISE IS BUILT UPON THE FAILURE TO EVEN UNDERSTAND WHAT IT IS THAT BITCOIN DOES? I THINK IT'S TIME FOR A GUYS' TAKE EPISODE" Today we follow up Gladstein's incredible read, and delve into the potential of Bitcoin mining to balance renewable energy sources, correct the wastefulness of fiat currencies, and provide an economically sustainable solution to the world's monetary problems. With insights into how Bitcoin not only conserves but optimizes wasted energy, the discussion challenges prevailing narratives about Bitcoin's energy consumption, offering a fresh perspective on its role in environmental sustainability and economic empowerment. OTHER EPISODES TO EXPLORE THE ENERGY ARGUMENT __ __ HOST LINKS __ __ CHECK OUT OUR AWESOME SPONSORS! __ __ "OF ALL TYRANNIES, A TYRANNY SINCERELY EXERCISED FOR THE GOOD OF ITS VICTIMS MAY BE THE MOST OPPRESSIVE. IT WOULD BE BETTER TO LIVE UNDER ROBBER BARONS THAN UNDER OMNIPOTENT MORAL BUSYBODIES. THE ROBBER BARON'S CRUELTY MAY SOMETIMES SLEEP, HIS CUPIDITY MAY AT SOME POINT BE SATIATED; BUT THOSE WHO TORMENT US FOR OUR OWN GOOD WILL TORMENT US WITHOUT END FOR THEY DO SO WITH THE APPROVAL OF THEIR OWN CONSCIENCE." ~ CS LEWIS --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message
"ONE NIGHT DURING MY VISIT TO BONDO, CARL ASKED ME TO PAUSE AS THE SUNSET WAS FADING, TO LOOK AT THE HILLS AROUND US: THE LIGHTS WERE ALL TURNING ON, ALL ACROSS THE FOOTHILLS OF MT. MULANJE. IT WAS A POWERFUL SIGHT TO SEE, AND STAGGERING TO THINK THAT BITCOIN IS HELPING TO MAKE IT HAPPEN AS IT CONVERTS WASTED ENERGY INTO HUMAN PROGRESS." ~ ALEX GLADSTEIN Can you imagine what it may be like to lack access to the most basic necessities like electricity, only to finally have the opportunity to turn your lights on as the sun sets, due to a room of computers, hashing away for the Bitcoin network? Alex Gladstein of the Human Rights Foundation brings us another incredible piece on how Bitcoin is freeing both the persecuted people and the wasted energy on the African continent. Not in some theoretical sense or some future hypothetical scenario, but today for real people. If you listen to any articles this week, this is the one not to miss. Check out the original article on Bitcoin Magazine: STRANDED - How Bitcoin is Saving Wasted Energy in Africa http://tinyurl.com/357c7f3p. (Link: http://tinyurl.com/357c7f3p) GUEST LINKS __ __ HOST LINKS __ __ CHECK OUT OUR AWESOME SPONSORS! __ __ “SOVEREIGNTY IS NOT GIVEN, IT IS TAKEN.” ~ MUSTAFA KEMAL ATATÜRK --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message
"TO PUT IT SIMPLY, THERE ARE NOW CORPORATIONS WITH BILLIONS OF DOLLARS OF INVESTMENT IN NOT JUST THE ASSET, BUT THE ECOSYSTEM. MINING IS A HUGE ECONOMIC DRAIN ON THE SYSTEM, AND ALL IT ACCOMPLISHES IS CENSORSHIP RESISTANCE. IF CENSORSHIP RESISTANCE ISN’T WORTH TENS OR HUNDRED OF BILLIONS OR DOLLAR PER YEAR TO THE CORPORATIONS; THEY WILL FIND A WAY TO END IT. WHEN THEY DO TRY TO END IT, THEY CAN POINT TO THE ETFS ENDURING APPEAL AND IGNORE ANY CONSTITUTIONAL BRINKMANSHIP FROM OG BITCOINERS WHO THREATEN TO REJECT THE NEW RULES OR SELL THEIR STACKS." ~ ACHIM WARNER Does the approval and potentially massive success of the Bitcoin ETFs in the west change the incentive dynamics of the Bitcoin system? If the BlackRock ETF becomes the dominant form of liquidity for Bitcoin purchasing among the millions of fools who do not understand or care about its value or ethos, does this open a path to remove bitcoin's mining process completely, as censorship resistance becomes nothing more than an arbitrary cost? Is this the inevitable end for Bitcoin given a long enough amount of time for the ideology that protected it to be watered down, until it is unrecognizable? Find out in today's read and the Guy's Take to follow Check out the original article at Bitcoin is dead (long live IBIT) https://achimwarner.medium.com/bitcoin-is-dead-long-live-ibit-e420b99eb32e by Achim Warner. (Link: http://tinyurl.com/2xresf8y) GUEST LINK __ __ HOST LINKS __ __ CHECK OUT OUR AWESOME SPONSORS! __ __ "THE FIRST PRINCIPLE IS THAT YOU MUST NOT FOOL YOURSELF, AND YOU ARE THE EASIEST PERSON TO FOOL." ~ RICHARD P FEYNMAN --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message
In today's chat we dive into destroying economic myths and unraveling the political divides of our time toward what future they may be leading us to. What can we make of the balkanization of the US, a push for Texas independence, the unraveling of a global reserve currency and what could we see in the dollar's demise? We dive into all this and more with renowned Austrian economist, and author of Choice among many other books, Dr. Robert P. Murphy. REFERENCES FROM THE SHOW __ __ GUEST LINKS __ __ HOST LINKS __ __ CHECK OUT OUR AWESOME SPONSORS! __ __ --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message
"BITCOIN ENABLES PERHAPS THE MOST POWERFUL MODE OF _OWNERSHIP_ EVER DEVISED; IT WOULD BE AKIN TO GOLD INSIDE A SAFE THAT CAN’T BE PENETRATED WITH ALL THE ENERGY THE UNIVERSE, AND WITH A PASSWORD THAT YOU KNOW BUT WHICH COULD NOT BE GUESSED OVER THE ENTIRE LIFETIME OF THE UNIVERSE." ~ ALLEN FARRINGTON What if buying an ETF of Bitcoin, is contradictory to the very investment thesis of Bitcoin itself. Knowing the investment thesis for bitcoin, should entail the understanding that bitcoin's value proposition is undermined by the very notion of holding a credit instrument in its place. Farrington breaks down a few of the reasons why in this excellent, short letter to those considering a purchase of the newly approved bitcoin ETFs. Check out the original article at An Open Letter to Prospective Buyers of a Bitcoin ETF. https://www.linkedin.com/pulse/open-letter-prospective-buyers-bitcoin-etf-allen-farrington-mvore/?utm_source=share&utm_medium=guest_mobile_web&utm_campaign=copy(Link: http://tinyurl.com/ykktptk4) REFERENCES FROM THE SHOW: __ __ __ __ __ __ __ __ __ __ __ __ __ __ GUEST LINKS __ __ __ __ HOST LINKS __ __ CHECK OUT OUR AWESOME SPONSORS! __ __ “FREEDOM IS NOT WORTH HAVING IF IT DOES NOT INCLUDE THE FREEDOM TO MAKE MISTAKES.” ~ MAHATMA GANDHI --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message
"RETROSPECTIVELY, A LOT OF EX-DIGICASH EMPLOYEES UNDERSTAND WHY CHAUM WAS SO PARANOID. AS A CRYPTOGRAPHER YOU HAVE TO ASSUME THE WHOLE WORLD IS TRYING TO RIP YOU OFF. A CERTAIN AMOUNT OF PARANOIA IS PART OF THE JOB. CHAUM HAD ALSO WORKED FOR INTELLIGENCE AGENCIES, AND THAT DIDN'T FORTIFY HIS FAITH IN THE GOOD INTENTIONS OF HUMANKIND. HIS VISION OF THE PRIVACY OF THE INDIVIDUAL WAS ALMOST AN OBSESSION. IN 1996 HE SAID, IN THE RELATIONS MAGAZINE OF HONEYWELL-BULL: "THE DIFFERENCE BETWEEN A BAD ELECTRONIC CASH SYSTEM AND WELL-DEVELOPED DIGITAL CASH WILL DETERMINE WHETHER WE WILL HAVE A DICTATORSHIP OR A REAL DEMOCRACY." ~ NEXT MAGAZINE, 1999 Today's story unfolds around the rise and fall of DigiCash, a pioneering company in digital currency from the 90s. It delves into the paradox of its founder, David Chaum, a visionary yet paranoid cryptographer, whose brilliance in cryptography was overshadowed by his poor business acumen and inability to delegate. This leads to a compelling question: How did DigiCash, despite its advanced technology and potential to revolutionize digital payments, fail and how would the past have been different if it hadn't? This is an amazing blast from the past with many lessons to learn, don't miss the article and the Guy's Take to follow! Check out the original article at How DigiCash Blew Everything. https://cryptome.org/jya/digicrash.htm (Link: http://tinyurl.com/2s37ew47) HOST LINKS __ __ CHECK OUT OUR AWESOME SPONSORS! __ __ “THE MOST EFFECTIVE WAY TO DESTROY PEOPLE IS TO DENY AND OBLITERATE THEIR OWN UNDERSTANDING OF THEIR HISTORY.” ~ GEORGE ORWELL --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message
Sometimes in life and the course of history, there are moments where simply stating the truth, in a clear and understandable way, can stir a fire in thousands or even millions of people. Devon Eriksen, author and destroyer of socialist nonsense, joins us today to get to know him and his perspective. We discuss the nature of story, the importance of culture, the power of stating the simple truth, the dangers of being right too early, and what we need to do to turn the tide of a dying moral code and protect our values for future generations. LINKS REFERENCED __ __ GUEST LINKS __ __ __ __ HOST LINKS __ __ CHECK OUT OUR AWESOME SPONSORS! __ __ "ENJOY THE HELL OUT OF THIS ONE YOU WILL." ~ YODA --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message
"I HOPE BITCOIN STICKS AROUND AND GROWS MORE POPULAR, BUT IN ITS CURRENT FORM TO MOST IN #TRADFI https://twitter.com/hashtag/TradFi?src=hashtag_click IT IS THE OPPOSITE OF SOUND MONEY, ESPECIALLY IF IT TAKES CULT-LIKE BEHAVIOR TO MAKE IT GROW. IT NEEDS THE STATE TO FORCE ITS USE ON EVERYONE. THAT IS WHAT MAKES IT MONEY." ~ SAMANTHA LADUC Today we dive into the enlightening twitter thread from financial analyst Samantha LaDuc on why Bitcoin cannot be and is not money, one of which is because money is enforced by the state, but that's only just the beginning. We witness another instance of the unfortunate confidence where people in finance mistakenly think that because they deal with money, and numbers, and charts, and P/E ratios, that this means they understand *money.* A very, very different discipline that is meaningful over far, far larger time horizons. So let's take a peak into this world view, and then in the spirit of debate... tear it apart. I think you'll enjoy this one 😜 Check out the original tweet at Samantha La Duc's profile https://twitter.com/SamanthaLaDuc. (Link: https://twitter.com/SamanthaLaDuc) REFERENCED IN THE SHOW __ __ GUEST LINKS __ __ HOST LINKS __ __ CHECK OUT OUR AWESOME SPONSORS! __ __ “FACTS DO NOT CEASE TO EXIST BECAUSE THEY ARE IGNORED.” ~ ALDOUS HUXLEY --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message
