"MANY PEOPLE INSIST THAT GOVERNMENTS AREN'T INVOLVED IN CENSORSHIP, BUT THEY ARE. AND NOW, A WHISTLEBLOWER HAS COME FORWARD WITH AN EXPLOSIVE NEW TROVE OF DOCUMENTS, RIVALING OR EXCEEDING THE TWITTER FILES AND FACEBOOK FILES IN SCALE AND IMPORTANCE." ~ MICHAEL SHELLENBERGER From time we time we get a lucky glimpse into the mindset and tactics of the counterfeit class. Exposing their crimes and systems of manipulation. Today we uncover more, thanks to the help of an anonymous, brave whistleblower, we find a public-private partnership to systematically censor political opposition and deliberate manipulate the narrative and cover up the truth. When you control the flow of information, you control the limits of belief. They not only knew this, but used it as a pillar in a framework to defame, discredit, attack, propagandize, and use fake accounts to openly harass anyone who told "the wrong version" of the truth. A peak inside the Censorship Industrial Complex. What does this have to do with Bitcoin? Bitcoin is a system that exists at multiple layers of society. The free flow of information is critical to securing the communication and social layers of the system. There is no solution to censorship in centralized platforms. I urge you to explore Nostr, Holepunch, and Bitcoin/Lightning if you haven't. This is a technology problem, and we have the solutions. Check out the original thread at Bitcoin Audible - CTIL Files #1 https://tinyurl.com/2hutks8h(Link: https://tinyurl.com/2hutks8h) FOR THE OTHER REFERENCES MADE IN THE EPISODE Bitcoin Audible - Read_681 - The Twitter Files - Part 1 [Matt Taibbi] https://www.fountain.fm/episode/RdlWOaCw4Jk4AWwRhMkU (Link: https://tinyurl.com/3d92ja6c) GUEST LINKS __ __ HOST LINKS __ __ CHECK OUT OUR AWESOME SPONSORS! __ __ "WORDS CAN LIGHT FIRES IN THE MINDS OF MEN. WORDS CAN WRING TEARS FROM THE HARDEST HEARTS." ~ PATRICK ROTHFUSS --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message
The free market works because economic decisions are made by people who have skin in the game. When you spend $100 you have earned, you understand the cost. It was your sweat the created the gain, and no one can understand that cost better than you when you go to spend it. Genuine value information, and real trade offs inform the price in the market. Money is simply a reflection of the resources it is allocating. It is nothing more than a ledger system for allocating resources across time. But when someone can cheat the ledger. When the money can be counterfeited at will. It pours a torrent of noise into the economic signal. The free market is essentially destroyed. Because the allocation of your decisions, of everyone's value judgements being signaled in the market, is overrun by trillions in counterfeit. With no skin in the game, with no thought, without understanding the value that went into it, or having to pay for the cost of their errors. It is a system of economic fraud and disinformation. But the problem isn't merely an economic one. The fiat system, has another, more sinister consequence. One that is tied to the very nature of the human spirit. It's time for a Guy's Take episode. LINK TO OTHER GREAT WORKS AND EPISODES REFERENCED IN THE SHOW Guy's Take - Bitcoin Audible - Guy's Take #36 - Walking Tall https://www.fountain.fm/episode/vgFJjgHqFlDJ5NZrwfw7 (Link: https://tinyurl.com/3bevnhpx) Audible Audiobook - Broken Money BrokenMoney:WhyOurFinancialSystemIsFailingUsandHowWeCanMakeItBetter by Lyn Alden (Link: https://tinyurl.com/2p874rjm) Audible Audiobook - Atomic Habits: An Easy & Proven Way to Build Good Habits & Break Bad Ones https://a.co/d/63IJQNz by James Clear (Link: https://a.co/d/63IJQNz) GG NO RE podcast - Fountain https://www.fountain.fm/show/1130268 (Link: https://tinyurl.com/mrmjjpuj) HOST LINKS __ __ CHECK OUT OUR AWESOME SPONSOR! __ __ “IT'S REALLY A WONDER THAT I HAVEN'T DROPPED ALL MY IDEALS, BECAUSE THEY SEEM SO ABSURD AND IMPOSSIBLE TO CARRY OUT. YET I KEEP THEM, BECAUSE IN SPITE OF EVERYTHING, I STILL BELIEVE THAT PEOPLE ARE REALLY GOOD AT HEART.” ~ ANNE FRANK --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message
"A REALITY CHECK ON THE LIMITATIONS OF LIGHTNING NETWORK, AND WHAT THAT MEANS IN TERMS OF ITS LONG TERM VIABILITY. NO, IT'S NOT DOOMED, BUT IT PROBABLY WON'T BE USED THE WAY YOU EXPECTED IT TO BE." ~ SHINOBI What has happened to lighting? With fees skyrocketing thanks to Ordinals bloating blockspace, tons of payments over lightning are no longer viable, or become entirely trusted. How did we not see this coming and what new issues have arisen as Lightning has matured? Does this spell the end of lightning, or is there more to this story? Find out in today's excellent piece at Bitcoin Magazine from Shinobi. Check out the original article at Bitcoin Magazine Lightning is Doomed! https://bitcoinmagazine.com/technical/lightning-is-doomed (Link: https://tinyurl.com/4n54kkms) GUEST LINKS __ __ DON'T FORGET TO CHECK US OUT ON FOUNTAIN + OTHER REFERENCES FROM THE COMMENTARY __ __ HOST LINKS __ __ CHECK OUT OUR AWESOME SPONSORS! __ __ "THE FACT THAT SO MANY SUCCESSFUL POLITICIANS ARE SUCH SHAMELESS LIARS IS NOT ONLY A REFLECTION ON THEM, IT IS ALSO A REFLECTION ON US. WHEN THE PEOPLE WANT THE IMPOSSIBLE, ONLY LIARS CAN SATISFY." ~ THOMAS SOWELL --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message
Nodeless is dead. Long live Nodeless. Unfortunately the Nodeless payment service has had to shut down, but for anyone who needs to get in touch for any issues then feel free to contact me or UTXO. Nodeless is also open source, so if you wish to setup an instance for yourself, the project is available on github: https://github.com/nodeless-io/nodeless-monolith Follow UTXO on Nostr for surely other great things to come: npub1utx00neqgqln72j22kej3ux7803c2k986henvvha4thuwfkper4s7r50e8 --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message
"CLIENTS APPLYING THIS REASONING SHOULD REMEMBER THAT, IN BITCOIN, NO ONE IS TOO BIG TO FAIL. THERE IS NO GOVERNMENT OR MONEY PRINTER CAPABLE OF RESTORING LOST COINS, SO THERE ARE NO BAILOUTS. TRUSTING A SINGLE COMPANY, NO MATTER THEIR QUALIFICATIONS, TO PROTECT YOUR BITCOIN CREATES SIGNIFICANT COUNTERPARTY RISK." ~ DHRUV BANSAL We come at you with another read today, this one on the maturation and new developments in the collaborative custody industry. Today we are used to thinking of Bitcoin security as either left with a custodian, or kept in personal cold storage, while I think the future will look back on this as the immature beginnings of one of the most vibrant markets in bitcoin finance. Most of the world will exist in the middle, with shared and distributed custody providers, eliminating single points of failure in markets across the globe... and it all begins, with a network of keys... Check out the original article at Bitcoin needs a network of keys. https://unchained.com/features/bitcoin-network-of-keys (Link: https://tinyurl.com/yahv5k3r) GUEST LINKS __ __ HOST LINKS __ __ CHECK OUT OUR AWESOME SPONSORS! __ __ “PHYSICS IS LIKE SEX: SURE, IT MAY GIVE SOME PRACTICAL RESULTS, BUT THAT’S NOT WHY WE DO IT.” ~ RICHARD P. FEYNMAN --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message
"A RECENT ANONYMOUS PROPOSAL SPECIFIES A SYSTEM USING TIMELOCKED BITCOIN TRANSACTIONS AND CHAUMIAN ECASH MINTS TO CREATE AN ECONOMIC INCENTIVE FOR BITTORRENT USERS TO SEED FILES." ~ SHINOBI Bittorrent was one of the most important protocols in the world during its day, but it always had one striking drawback, for any content that wasn't very popular, availability was always a problem. Even more so today as the network has found itself a smaller and more fringe part of internet culture. What if there was a way to incentivize seeders to return? To bring the P2P protocol back into its element? An anonymous proposal called Durabit, seeks to marry bitcoin, ecash, and bittorrent, to potentially breathe new life into the old P2P system. Listen to today's episode to learn more. Check out the original article at DURABIT: INCENTIVIZING TORRENT SEEDING WITH BITCOIN https://bitcoinmagazine.com/technical/durabit-incentivizing-torrent-seeding-with-bitcoin (Link: https://tinyurl.com/5drhn83u) GUEST LINKS __ __ REFERENCES IN THE SHOW __ __ __ __ HOST LINKS __ __ CHECK OUT OUR AWESOME SPONSORS! __ __ "THE UNIVERSE, OUR PHYSICAL UNIVERSE, HAS THAT PROPERTY THAT MAKES IT POSSIBLE FOR AN INDIVIDUAL OR A GROUP OF INDIVIDUALS TO RELIABLY, AUTOMATICALLY, EVEN WITHOUT KNOWING, ENCIPHER SOMETHING, SO THAT ALL THE RESOURCES AND ALL THE POLITICAL WILL OF THE STRONGEST SUPERPOWER ON EARTH MAY NOT DECIPHER IT. AND THE PATHS OF ENCIPHERMENT BETWEEN PEOPLE CAN MESH TOGETHER TO CREATE REGIONS FREE FROM THE COERCIVE FORCE OF THE OUTER STATE. FREE FROM MASS INTERCEPTION. FREE FROM STATE CONTROL." ~ JULIAN ASSANGE --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message
"THE DIFFERENCE BETWEEN THE LINDEN DOLLAR, WORLD OF WARCRAFT GOLD, FORTNITE V-BUCKS, THE EURO, AND THE U.S. DOLLAR IS IN SCALE, NOT IN NATURE. WHILE V-BUCKS ARE CREATED AND CONTROLLED BY EPIC GAMES (THE COMPANY THAT CREATED FORTNITE), THE U.S. DOLLAR IS CREATED AND CONTROLLED BY THE FED. ONE IMPACTS MILLIONS OF PEOPLE, THE OTHER BILLIONS. THE MECHANISM THAT KEEPS THESE MONIES IN CHECK--THE RULES OF THE GAME, IF YOU WILL - IS THE SAME IN BOTH CASES: CENTRAL DECREE." ~ DERGIGI For those who are new to the show, there are so many phenomenal pieces we have covered that deserve to be heard. One of those that gave the most approachable arguments for understanding the difference between the multitude of *virtual* monies we experience in the digital age, and Bitcoin, the first truly *digital* money, was absolutely, Gigi's incredible piece, "Bitcoin is Digital Scarcity." If you haven't heard or read this one, stop what you are doing, and turn this on. Check out the original article at Bitcoin Is Digital Scarcity | dergigi.com https://dergigi.com/2022/10/02/bitcoin-is-digital-scarcity/ (Link: https://tinyurl.com/bdv8p5n4) GUEST LINKS __ Gigi on X https://twitter.com/dergigi?lang=en(Link: https://twitter.com/dergigi?lang=en) Gigi on Nostr https://njump.me/npub1dergggklka99wwrs92yz8wdjs952h2ux2ha2ed598ngwu9w7a6fsh9xzpc(Link: https://tinyurl.com/2jhz4y6t) __ HOST LINKS __ Guy on Nostr https://snort.social/p/npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev(Link: https://tinyurl.com/yc376bff) Guy on X /https://twitter.com/theguyswann (Link: https://twitter.com/theguyswann) Bitcoin Audible https://twitter.com/BitcoinAudible on X (Link: https://twitter.com/BitcoinAudible) __ CHECK OUT OUR AWESOME SPONSORS! __ __ HAVE A HAPPY THANKSGIVING EVERYONE! "I AM GRATEFUL FOR WHAT I AM AND HAVE. MY THANKSGIVING IS PERPETUAL. IT IS SURPRISING HOW CONTENTED ONE CAN BE WITH NOTHING DEFINITE - ONLY A SENSE OF EXISTENCE." — ~ HENRY DAVID THOREAU --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message
The election of Javier Milei is unlikely the be the next El Salvador, but I don't think it needs to be in order to be significant. There is something deeper going on for Javier to win on the message he is sending. And I think it shows the signs of a shifting tide, and Bitcoin is the island that's coming into view. REFERENCES MADE IN THE EPISODE FOR FURTHER READING: __ __ CHECK OUT OUR AWESOME SPONSORS! __ __ "THE ONLY WAY OF DETERMINING HOW A CONSCIOUS ACTOR VALUES ONE THING ABOVE ANOTHER, IS BY OBSERVING HOW THEY ACT." ~ KNUT SVANHOLM --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message
"THE RECURRING CYCLE OF ECONOMIC BOOMS FOLLOWED BY INEVITABLE BUSTS HAS REMAINED A PUZZLE FOR GENERATIONS OF OBSERVERS. WHILE MAINSTREAM KEYNESIAN AND MONETARIST THEORIES PROPOSE MONETARY INTERVENTIONS TO SMOOTH THESE FLUCTUATIONS, THE AUSTRIAN SCHOOL OFFERS A COMPELLING AND ALTERNATIVE PERSPECTIVE" ~ MICHAEL MATULEF The bust will not be escaped. We cannot print our way out of it, we cannot cover it up with more artificial interest rate controls. We have drunken ourselves into an economic and financial stuper for far too long, we have avoided the hangover with another massive bender decade after decade - so long that we've lost sight entirely of the purpose of investment, the culture of sustainable capital, and the very reason for frugality and sustainable savings. The crash will hurt, but its the *solution*, not the problem. Find out why in today's excellent article by first time author on Bitcoin Audible, Michael Matulef: The Inevitable Bust: Why Economic Booms Contain the Seeds of Their Own Destruction | Mises Wire. https://mises.org/wire/inevitable-bust-why-economic-booms-contain-seeds-their-own-destruction (Link: https://tinyurl.com/3zsw982z) GUEST LINKS __ __ BOOKS MENTIONED __ __ HOST LINKS __ __ CHECK OUT OUR AWESOME SPONSORS! __ __ "WE ARE ALL HUMILIATED BY THE SUDDEN DISCOVERY OF A FACT WHICH HAS EXISTED VERY COMFORTABLY AND PERHAPS BEEN STARING AT US IN PRIVATE WHILE WE HAVE BEEN MAKING UP OUR WORLD ENTIRELY WITHOUT IT.” ~ GEORGE ELIOT --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message
"ULTIMATELY, MY GOAL WITH COINOS IS TO MAKE BITCOIN A SUPER SIMPLE USER INTERFACE FOR "NORMIES" TO BE ABLE TO COME ON AND NOT HAVE TO UNDERSTAND HOW THINGS ARE WORKING UNDER THE HOOD... JUST GET ON THE WEBSITE, MAKE YOUR ACCOUNT AND YOU'RE GOOD TO GO." - ADAM Today we bring on the team from Coinos on the developing merchant market, how to build tools and services in an uncertain regulatory environment, and how to onboard your local market into the Bitcoin ecosystem easily and for their benefit. They've built a tool to simplify interfacing with Bitcoin and Lightning, and soon Liquid as well, to make the next era of adoption, the one that finally expands to a global, brick and mortar marketplace. The era of Bitcoin commerce is coming, it's time to prepare accordingly. CHECK OUT OUR GUESTS AND FOLLOW THE PROJECT ON TWITTER AND NOSTR BELOW: Coinos on Nostr https://snort.social/p/npub1h2qfjpnxau9k7ja9qkf50043xfpfy8j5v60xsqryef64y44puwnq28w8ch Adam on Nostr https://snort.social/p/npub12ekpvme6m2cv37a9mgq4kzemej8tx6ttg40j582rh77ewpvkg65qj8tq0f Coinos Website https://coinos.io/bounties A huge thanks to our amazing sponsors: __ __ --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message
Is Bitcoin destined to become another fiat system? Where we end up in a world where the dominant instrument isn't Bitcoin at all, but just more IOUs? Where Bitcoin substitutes replace real Bitcoin? Does it not just become another fiat system, or are there fundamental incentives and technological trends that prevent this and push us ever closer to total sovereignty? With smaller and smaller communities and institutions able to organize and exit in an independent way... where a Bitcoin world means a free world? It's time for a follow-up to Eric Yake's and Axiom BTC's amazing piece, "Banks without bankers." Get ready for another "Guys Take" episode. __ __ __ __ __ __ -THE 7TH PROPERTY https://a.co/d/0Mwj6QG -BROKEN MONEY https://a.co/d/3TRZEKC -THE FIAT STANDARD https://a.co/d/37yP51a -FREEDOM & EXIT https://open.spotify.com/episode/2MTJhjLXtVXLs6iyf5L6PG?si=1c1401bdfdf24e7d __ __ A huge thanks to our sponsors, and don't forget to check out the offers for the listeners of this show! __ __ -------------------------------------------------------------------- "Finish each day and be done with it. You have done what you could. Some blunders and absurdities no doubt crept in; forget them as soon as you can. Tomorrow is a new day. You shall begin it serenely and with too high a spirit to be encumbered with your old nonsense.” ― RALPH WALDO EMERSON --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message
"UNIQUE TO THE EMERGENT BITCOIN FINANCIAL SYSTEM IS THE APPLICATION OF CRYPTOGRAPHY TO FUNDAMENTAL FINANCIAL FUNCTIONS. NOVEL TECHNOLOGIES EXIST, ARE BEING BUILT, AND HAVE BEEN THEORIZED THAT WILL ENABLE PREVIOUSLY UNSEEN FUNCTIONALITIES, ROBUSTNESS, AND, ULTIMATELY, COMPETITION AMONGST BITCOIN FINANCIAL INTERMEDIARIES. KEY TO THESE NOVELTIES IS THE CHARACTERISTIC OF PEER-TO-PEER (“P2P”) EXCHANGE; THAT BITCOIN FINANCIAL INTERMEDIARIES WILL SURELY EXIST AS COMMERCIAL OPTIONS, BUT THAT NEWLY POSSIBLE DIRECT MANIPULATION AND EXCHANGE WILL EXIST AS WELL." -ERIC YAKES The future of Bitcoin remains uncertain in terms of scalability, privacy, storage, and payment applications. The application of cryptography to financial functions introduces novel technologies and potential competition among intermediaries. Can Bitcoin achieve true decentralization? Or will trusted third parties jeopardize the entire system? How will the balance between custodial and self-custodial options shape the future of Bitcoin? In Eric Yakes’ analysis, he explores the implications of the new financial paradigm we find ourselves in as Bitcoin continues to assert its dominance as an asset enabling true financial sovereignty. Check out the original article at: Banks Without Bankers https://www.axiombtc.capital/banks A huge thanks to our sponsors, and don't forget to check out the offers for the listeners of this show! __ __ --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message
LIGHTNING IS DEAD! Did you hear about the new exploit discovered that may be the "nail in the coffin" of the broken and defeated Lightning network? I bet you did, but did anyone you heard it from actually know how it worked?... Probably not. That's what we dive into today, trying to make sense of the new Lightning exploit, how it works, the risk, and whether or not the sky is falling. Find out in today's Guy's Take episode. A SHOUT OUT TO SHINOBI, MATT CORALLO, JOHN CARVALHO, and numerous people on the mailing lists and other platforms who helped to throughly explain this bug so that I could make some sense out of it. MAJOR THANKS TO OUR AMAZING SPONSORS WHO KEEP THIS SHOW ALIVE: __ __ Don't forget to check out Prodcast.io https://prodcast.io/and keep an ear out for LYN ALDEN'S INCREDIBLE BOOK coming soon to Audible! ---------------------------------------------------------------------- "It is better to be hated for what you are, than to be loved for what you are not." — ANDRE GIDE --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message
"WE HAVE NO INTEREST IN CAUSING CONFUSION, MISTAKES, OR DECEPTION. THAT SOUNDS MORE LIKE A JOB FOR THOSE RESPONSIBLE FOR TELLING THE MARKET THEY WOULDN’T RAISE RATES AFTER A MASSIVE MONETARY EXPANSION, AND THEN WENT ON TO RAISE THEM FASTER THAN AT ANY TIME IN U.S. FINANCIAL HISTORY." — MARK GOODWIN Today we have a very entertaining development thanks to the fools at the Federal Reserve Bank of Chicago. Bitcoin Magazine is being threatened with a lawsuit over t-shirts they are selling that mock the FEDNOW program that the Fed states "has built up substantial goodwill" and that these shirts and merchandise will cause "confusion, mistakes, and deception." No, this is not a parody, it appears to be real. So we pause our regularly scheduled programming today to explore this beautiful little moment in Clown World. CHECK OUT THE ORIGINAL ARTICLE AT: Bitcoin Magazine https://bitcoinmagazine.com/legal/federal-reserve-threatens-to-sue-bitcoin-magazine A huge thanks to our sponsors, and don't forget to check out the offers for the listeners of this show! __ __ ------------------------------------------------------------------ "He knows nothing; and he thinks he knows everything. That points clearly to a political career." — GEORGE BERNARD SHAW --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message
It's often said that Bitcoin is too limited, that you can't build anything interesting on top of the Bitcoin chain... what if that was not only true, but that there were no limits? What if literally anything you could write into code, any program, app, game, theoretically even an entire operating system could be constructed such that its valid execution determined the ownership of Bitcoin? What if there were no limits, and you could build everything on Bitcoin? Today we dive into BitVM with Robin Linus and Super Testnet. A virtual machine built entirely in Bitcoin script, with no soft fork needed. This could change everything. LINKS FOR FURTHER EXPLORING: - BitVM whitepaper https://bitvm.org/bitvm.pdf - github.com/bitvm http://github.com/bitvm - GitHub - supertestnet/tapleaf-circuits: A proof-of-concept implementation of BitVM for bristol circuits https://github.com/supertestnet/tapleaf-circuits/ - Telegram: Contact @bitvm\_chat https://t.me/bitvm_chat - яobin linus 😺 (@robin\_linus) / X https://twitter.com/robin_linus - Robin Linus https://robinlinus.com/ CHECK OUT OUR AWESOME SPONSORS! __ __ --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message
It's often said that Bitcoin is too limited, that you can't build anything interesting on top of the Bitcoin chain... what if that was not only true, but that there were no limits? What if literally anything you could write into code, any program, app, game, theoretically even an entire operating system could be constructed such that its valid execution determined the ownership of Bitcoin? What if there were no limits, and you could build everything on Bitcoin? Today we dive into BitVM with Robin Linus and Super Testnet. A virtual machine built entirely in Bitcoin script, with no soft fork needed. This could change everything. LINKS FOR FURTHER EXPLORING: - BitVM whitepaper https://bitvm.org/bitvm.pdf - github.com/bitvm /github.com/bitvm - GitHub - supertestnet/tapleaf-circuits: A proof-of-concept implementation of BitVM for bristol circuits https://github.com/supertestnet/tapleaf-circuits/ - Telegram: Contact @bitvm\_chat https://t.me/bitvm_chat - яobin linus 😺 (@robin\_linus) / X https://twitter.com/robin_linus - Robin Linus https://robinlinus.com/ CHECK OUT OUR AWESOME SPONSORS! __ __ --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message
"WILL BITCOIN ADOPTION IMPROVE THE MONETARY POLICY BEHAVIORS OF THE FEDERAL RESERVE? I SUBMIT THAT IT WON’T. I DO NOT SEE THE INCENTIVE FOR THE FEDERAL RESERVE TO GIVE INTO ANYONE OR ANYTHING, LET ALONE BITCOIN. BE HONEST, BITCOIN IS SURELY NOT BIG ENOUGH TO BE A THREAT TO THE U.S. DOLLAR. THE UNITED STATES IS FAR MORE CONCERNED WITH U.S. DOLLAR DOMINANCE BEING THREATENED BY, SAY, THE CHINESE YUAN. BITCOIN ON ITS OWN HAS NOT DESTABILIZED ANYTHING." — GEORGE KALOUDIS Will the Federal Reserve be "reigned in" thanks to Bitcoin? Will the continued success of Bitcoin's growth and network effect mean that the Federal Reserve capitulates? That they admit the failures of their approach and start appeasing the sound money tropes and calls for austerity? George Kaloudis makes an entertaining case in today's read, that the answer is in fact, "No." CHECK OUT THE ORIGINAL ARTICLE AT: HTTPS://BITCOINMAGAZINE.COM/MARKETS/BITCOIN-WONT-FIX-THE-FEDERAL-RESERVE https://bitcoinmagazine.com/markets/bitcoin-wont-fix-the-federal-reserve If you want to support the show and an awesome new service, check out Prodcast.io to purchase any books (and other products in the future) that i have recommended on the podcast: BITCOIN AUDIBLE – PRODCAST https://prodcast.io/collections/bitcoin-audible Check out our amazing sponsors who make this show possible: __ __ ----------------------- --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message
"TIMEOUT TREES IS A VERY CONCRETE AND SPECIFIC PROPOSAL FOR A CHANNEL FACTORY DESIGN THAT ACTUALLY ATTEMPTS TO ADDRESS THE REAL ISSUES OF USE AND IMPLEMENTATION INSTEAD OF A HALF-DEFINED AND VAGUE CONCEPT. THAT IS MASSIVE PROGRESS IN TERMS OF ADDRESSING LIGHTNING'S LONG-TERM SCALING LIMITATIONS." — SHINOBI Today we dive into a cool proposal that takes advantage of covenants to build the first, practical implementation of a "lightning factory," or in other words, a way to create hundreds, even thousands of lightning channels taht exist entirely off chain and require only the most minimal footprint in the cases where things go wrong. Another great piece by Shinobi breaking down the technical developments that matter. CHECK OUT THE ORIGINAL ARTICLE AT: Bitcoin Magazine https://bitcoinmagazine.com/technical/timeout-trees-a-solution-to-scaling-lightning-network-lsps If you want to support the show and an awesome new service, check out Prodcast.io to purchase any books (and other products in the future) that i have recommended on the podcast: Bitcoin Audible – Prodcast https://prodcast.io/collections/bitcoin-audible Check out our amazing sponsors who make this show possible: __ __ ------------------------------------------------------------------- “To believe in something, and not to live it, is dishonest.” ― MAHATMA GANDHI --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message
We are diving back into the Bitcoin basics series today! Now that we understand how bitcoin works, what is important, how to stay safe, and how to use it, it's time to answer the most basic question for getting started... How do I get some Bitcoin!? Let's dive in with Bitcoin Basics episode 008. WALLETS: getalby.com https://getalby.com/ | Phoenix Wallet https://phoenix.acinq.co/ NOSTR: primal.net https://primal.net/home BUY BITCOIN: Sign Up to Buy & Sell Bitcoin | River https://river.com/signup?r=ET3FBJB2 SwanBitcoin https://www.swanbitcoin.com/guy/ Strike https://beta.strike.me/download/?inline_install=1&utm_campaign=Individual&utm_medium=referral&utm_source=P5UGPT FoldApp https://use.foldapp.com/sign-up?referral=GUYSWANN CashApp https://cash.app/app/JLHDRKN OTHER EPISODES: Basics_06 https://pod.link/1359544516/episode/95f6ea924720e75e6d0e6b5d53fdc034 A huge thanks to our sponsors, and don't forget to check out the offers for the listeners of this show! __ __ ------------------------------------------------------------------- "The most beautiful thing we can experience is the mysterious. It is the source of all true art and all science. He to whom this emotion is a stranger, who can no longer pause to wonder and stand rapt in awe, is as good as dead: his eyes are closed." — ALBERT EINSTEIN --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message
"AFTER FOUR YEARS OF WORK, JAMES O'BEIRNE'S ASSUMEUTXO OPTION TO ALLOW INSTANT UTXO SET BOOTSTRAPPING FOR YOUR BITCOIN NODE IS MERGED INTO BITCOIN CORE." — SHINOBI There has always been a gap between the sovereignty, privacy, and security of software, and the usability of it. But thanks to an enormous amount of work and brilliant developers, day by day that gap is getting smaller. Where the most secure tools, the most robust node setups, the non-custodial options, are getting easier, faster, and more responsive. Today we have an article by Shinobi on another seemingly small, but potentially very impactful development on bootstrapping a new node, with assumeutxo finally merged, into Bitcoin Core. If you want to know what that means, then don't miss this episode. CHECK OUT THE ORIGINAL ARTICLE AT: Bitcoin Magazine https://bitcoinmagazine.com/technical/coming-soon-an-easier-way-to-bootstrap-your-bitcoin-nodes-utxo-set A huge thanks to our sponsors, and don't forget to check out the offers for the listeners of this show! __ __ ------------------------------------------------------------------- “Be yourself; everyone else is already taken.” ― OSCAR WILDE --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message
"THERE USED TO BE TRADEOFFS BETWEEN LIGHTNING AND FIAT: UX VS. SOVEREIGNTY; UX VS. SPEED; UX VS. COST; OFF-THE-SHELF FIAT PAYMENT WIDGETS VS. CODING A NODE INTO AN APP. WITH THE BREEZ SDK, LIGHTNING BEATS FIAT ACROSS THE BOARD. IT’S FASTER TO IMPLEMENT (AS ROSS SAYS, “IT’S LIKE ONE OR TWO API CALLS TO SET UP A NODE, ONE TO SEND A PAYMENT AND ONE TO RECEIVE PAYMENT”), CHEAPER TO USE, LEGALLY LESS COMPLICATED (CHECK YOUR JURISDICTION), MORE PRIVATE, AND THE UX IS ON PAR WITH FIAT FOR THE USER AND EVEN BETTER FOR THE DEVELOPERS." — ROY SHEINFELD If you are curious what the future of lightning is going to look like, or exactly how huge the runway is for adoption and onboarding in the next bull run, then this short article detailing out a simple example will show you just how powerful the Breez SDK + Blockstream Greenlight combo really is. Non-custodial, always online, instant node setup, and zero channel or liquidity management. This is the culmination of everything built in lightning to date, and its going to be a game changer! CHECK OUT THE ORIGINAL ARTICLE AT: Satimoto Is Beating Fiat with the Breez SDK | Breez Technology - HTTPS://MEDIUM.COM/BREEZ-TECHNOLOGY/BUILDING-ON-LIGHTNING-HOW-SATIMOTO-IS-BEATING-FIAT-WITH-THE-BREEZ-SDK-88AA8252A994 https://medium.com/breez-technology/building-on-lightning-how-satimoto-is-beating-fiat-with-the-breez-sdk-88aa8252a994 Check out some of Roy's other great articles covered on the podcast: READ_701 - LIGHTNING FOR EVERYONE IN EVERY APP https://open.spotify.com/episode/1J81aL1LU3Sy9ZgCShzr9L?si=fd20369f60b640df READ_574 - LIGHTNING & THE INTERNET - CHOOSING THE RIGHT PATH https://open.spotify.com/episode/2OaJX05QEUovP0R3IF5qQ2?si=ca73d24290394343 READ_732 - WE NEED MORE APPS WITH LIGHTNING, NOT MORE LIGHTNING APPS https://open.spotify.com/episode/7sr6jDjJxZgWsRGJnpYYIN?si=e5c68aa2f0c843bb READ_450 - GETTING LIGHTNING READY FOR GLOBAL TAKEOVER https://open.spotify.com/episode/7b7HXxyMJ8vlYm727hynGA?si=ba86c8f9183240eb A huge thanks to our sponsors, and don't forget to check out the offers for the listeners of this show! __ __ ----------------------------------------------------------------- — THOMAS SOWELL --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message
"IT REQUIRES NO CONSENSUS CHANGES TO BITCOIN AT ALL. THE TRICK IS LIFTING ALL OF THAT LOGIC OFF-CHAIN AND BEING ABLE TO CHALLENGE A FEW STEPS OF THE COMPUTATION ON-CHAIN IF THE OTHER PARTY ASSERTS A DISHONEST OUTCOME. IN SHORT, BITVM WILL BRING ARBITRARY TURING-COMPLETE COMPUTATION, IN AN ENFORCEABLE WAY, TO BITCOIN ITSELF – TODAY." What if you could enforce the ownership of Bitcoin, with literally any code you could think of writing? That may just be possible, today, without any changes or soft forks to the underlying network, through a system of abstraction that cleverly, and verifiably, allows execution of completely arbitrary code within the Bitcoin script, which will determine the ultimate owner of any bitcoin balance. This, could be massive. A great piece from Shinobi explains, how and why it works... Check out the original article at: BITCOIN MAGAZINE https://bitcoinmagazine.com/technical/the-big-deal-with-bitvm-arbitrary-computation-now-possible-on-bitcoin-without-a-fork LINKS: SPIDERCHAINS: A PROOF OF STAKE SECOND LAYER FOR BITCOIN https://bitcoinmagazine.com/technical/spiderchains-a-proof-of-stake-second-layer READ_734 - INTRODUCING ARK [BURAK] https://podcasters.spotify.com/pod/show/bitcoinaudible/episodes/Read_734---Introducing-Ark-Burak-e24l71q A huge thanks to our sponsors, and don't forget to check out the offers for the listeners of this show! __ __ ----------------------------------------------------------------- “Nobody ever figures out what life is all about, and it doesn’t matter. Explore the world. Nearly everything is really interesting if you go into it deeply enough.” – RICHARD P. FEYNMAN --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message
I hope you listened to the recent read by Beautyon, Bitcoin and Software Reliability https://podcasters.spotify.com/pod/show/bitcoinaudible/episodes/CryptoQuikRead_254---Bitcoin--Software-Reliability-beautyon_-e46lnu/a-agbrcg, because today we continue our FUD Relief series. I suspect you have heard the claim that "Bitcoin doesn't innovate" and that newer and shinier blockchains are destined to replace it. I explore this idea today and suggest that the very framing of the claim suggests they have misunderstood Bitcoin's highest value. I break it down in today's Guy's Take episode. Check out our amazing sponsors: __ __ ------------------------------------------------------------------ “The system of private property is the most important guarantee of freedom, not only for those who own property, but scarcely less for those who do not.” — F. A. HAYEK --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message
Obi Nwosu, co-founder and CEO of Fedi, joins us today to talk about the new innovations and challenges in decentralising the web and how both Bitcoin and Ai are at the core of making it possible. This conversation was recorded for the AI Unchained podcast, but I decided to cross post it here since a lot of the conversation is themed around Bitcoin. GUEST LINKS: FOLLOW OBI ON X: HTTPS://X.COM/OBI https://x.com/obi FOLLOW FEDI ON X: HTTPS://TWITTER.COM/FEDIMINT https://twitter.com/fedimint A huge thanks to our sponsors, and don't forget to check out the offers for the listeners of this show! __ __ --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message
"WITH BITCOIN, LIVES AND MONEY ARE AT STAKE. INTERRUPTION OF ITS SERVICE CAN CAUSE A CASCADE OF LOSSES AND UNINTENDED CONSEQUENCES FOR POTENTIALLY MILLIONS OF PEOPLE AND BILLIONS OF FIAT DOLLARS. IF IT IS POSSIBLE TO BUILD A BITCOIN THAT CANNOT FAIL, THAT SHOULD BE THE GOAL, AND NO COMPROMISE SHOULD BE ACCEPTABLE." — BEAUTYON Before we get into a Guy'a Take to continue our FUD Relief series - addressing the failures to understand the value and purpose of Bitcoin - it's time to bring a brilliant piece back from the archive, update the audio and give some fresh commentary to set the stage for tackling another common misconception of "progress" when it comes to the bitcoin perspective. If there was a top tier of articles that are must-listens to grasp bitcoin, this would be in it. Let's dive in. CHECK OUT THE ORIGINAL ARTICLE AT: Bitcoin and Software Reliability by Beautyon | Medium https://medium.com/@beautyon_/bitcoin-and-software-reliability-d681367a49b2 Don't forget to check out our amazing sponsors for the show: __ __ ------------------------------------------------------------------ "The only real voyage of discovery consists not in seeking new landscapes, but in having new eyes." — MARCEL PROUST --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message
"OUR EXISTING FINANCIAL SYSTEM IS A MIRAGE OF WEALTH AND LIQUIDITY, SUSTAINED BY AN EVER-EXPANDING MONEY SUPPLY. BITCOIN EMERGES AS THE ULTIMATE SHIELD AGAINST THE INEVITABLE RECKONING THAT WILL SHATTER THIS ILLUSION." — THEO MOGENET Today, we dive into another great piece from Axiom BTC on the mission to reprice the world in sats. We all understand the incredible benefit of Bitcoin as a long term store of value, and that's its monetary properties give it unique capacity for long term savings. However, too often we hear it is a disaster for short term cash balances. What if this wasn't true? What if there was a possible path to Bitcoin, actually being the *best* short term cash equivalent on a global scale, even *despite* it's volatility? If that intrigues you, don't miss this piece. CHECK OUT THE ORIGINAL ARTICLE AT: Orange Is The New Green — Axiom https://www.axiombtc.capital/orange LINKS: Read_750 - Capital in the 21st Century [Allen Farrington] https://pod.link/1359544516/episode/448537e2033d1a80baba6b1da830d7d7 Chat_80 - Building the Ark with Burak https://pod.link/1359544516/episode/431ecd601bae75b41cc37092701077a3 A huge thanks to our sponsors, and don't forget to check out the offers for the listeners of this show! __ __ ------------------------------------------------------------------- --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message
In this episode, I talked with ZACK ₿OMSTA, the visionary leader behind PIVOTAL PLEB. Pivotal Pleb is on a mission to level the playing field for decentralized miners. Zack shares insights into how their technology is driving decentralisation and empowering individual miners, allowing them to play a vital role in the Bitcoin network. Join us as we unravel the importance of accessible mining solutions and their impact on the future of Bitcoin. A huge thanks to our sponsors, and don't forget to check out the offers for the listeners of this show! __ __ --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message
"TODAY HISTORIANS FOCUS ON THE SYMPTOMS OF ROME’S FALL, THE CONSEQUENCES: THE MORAL DECAY, THE ECONOMIC DECLINE, THE FALL IN PUBLIC SAFETY, THE MULTIPLYING PLAGUES FROM DYSFUNCTIONAL PUBLIC SERVICES, THE HOLLOWED-OUT MILITARY THAT ULTIMATELY INVITED BARBARIAN INVASIONS. BUT WE KNOW THESE WELL - IN FACT WE'RE LIVING THROUGH MANY OF THEM. WHAT'S A LOT MORE INTERESTING IS THE WHY. BECAUSE THAT'S HOW YOU STOP IT." — PETER ST. ONGE Are we living through the Fall of Rome? There are so many parallels with the United States empire today and the Roman Empire of so long ago that its hard to ignore. It's difficult to not think we will see the same fate when we experience so many of the same symptoms, with all of the same underlying causes. But do we have a way out? Is there an alternative? Peter breaks it down for us in another great piece, don't miss it. CHECK OUT THE ORIGINAL ARTICLE AND PETER'S AMAZING NEWSLETTER AT: Are we Living the Fall of Rome? - Peter St Onge, Ph.D. https://www.profstonge.com/p/are-we-living-the-fall-of-rome CHECK OUT THE OTHER GREAT EPISODES AND RESOURCES DISCUSSED IN THE COMMENTARY: Chat\_81 - An Austrian View of US Collapse with Peter St. Onge - Bitcoin Audible | Podcast on Spotify https://open.spotify.com/episode/6UqyOF41oY3Jl9sktWvH1t?si=06b254a80cf24e23 Read\_602 - Bitcoin's Peaceful Revolution, A New Hope for Humanity [Peter St Onge - Bitcoin Audible | Podcast on Spotify https://open.spotify.com/episode/6Zk2e2ZJl89FuJCi75tTvt?si=97e04ab4c7594c97 Check out our amazing sponsors below! __ __ --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message
"IF THE MERCHANT WANTS THE BITCOIN AND YOU PAY IN FIAT_, THAT IS YOU SHIFTING THE BURDEN OF FIAT FRICTION ON TO THEM. AND PAYING YOUR VALUED VENDORS IN BITCOIN IS THE OPPOSITE OF MUTUALLY ASSURED DESTRUCTION–IT'S MUTUALLY ASSURED SURVIVAL." — PARKER LEWIS Ultimately, the decision to accept Bitcoin as payment will be driven by the fact that those merchants understand the value of Bitcoin and why it is expected to store value into the future. What does that mean for how we think about finding our way to a Bitcoin future? Parker Lewis is back with another great piece, on the "Pay Me In Bitcoin Theory." CHECK OUT THE ORIGINAL ARTICLE AT: Pay Me in Bitcoin Theory https://graduallythensuddenly.xyz/pay-me-in-bitcoin-theory/ THE PLAYLIST TO THE ENTIRE GRADUALLY, THEN SUDDENLY SERIES IN AUDIO: Gradually, Then Suddenly Series - playlist by Guy | Spotify https://open.spotify.com/playlist/7ba1REQNei4moDrezwhGil?si=1bb484da749f45ac ANOTHER GREAT PIECE SUGGESTED IN THE COMMENTARY: Read\_724 - The Virtue of Selfishness - The Objectivist Ethic [Ayn Rand] - Bitcoin Audible | Podcast on Spotify. https://open.spotify.com/episode/1ogSn3SmeammD8qS96ePjR?si=f3f6732c9c2848bc Check out our awesome sponsors at the links below: __ __ --------------------------------------------------------------------------------------------- "If you want to change the world, start with yourself." — MAHATMA GHANDI --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message
"TAKE THE IDEA OF PROOF-OF-STAKE AS A BASE LAYER CONSENSUS MECHANISM, AND THROW THE IDEA AWAY FOR RIGHT NOW. THAT'S NOT WHAT THIS IS, AND THE PROBLEMS THAT NEED TO BE SOLVED TO ENABLE PROOF-OF-STAKE AS A SECOND LAYER SYSTEM INSTEAD OF A STAND ALONE BASE LAYER ARE NOT THE SAME. #PROOF-OF-STAKE IS ESSENTIALLY A #FEDERATION, BUT WHERE ANYONE CAN JOIN AND CAN'T BE STOPPED FROM DOING SO, AND WITH A MECHANISM TO PUNISH MEMBERS FOR ACTING MALICIOUS. AS A BASE LAYER THAT CREATES ALL KINDS OF EXISTENTIAL ISSUES, LIKE THE OBJECTIVITY OF A SLASHING PENALTY. PROOF-OF-STAKE AS A SECOND LAYER DOES NOT HAVE THAT PROBLEM WHEN THE BONDS FOR SLASHING ARE ON THE MAIN CHAIN, GOVERNED BY PROOF-OF-WORK." We have a new addition to the sidechain discussion with the announcement of "Spiderchains," a novel approach to the peg in/out model. Enalbing a proof of stake system that uses the underlying Bitcoin chain as the ultimate source of time and finality. The interesting thing? Not a single change to Bitcoin is necessary to make it work, so one way or the other, it's going to happen. Find out more... CHECK OUT THE ORIGINAL ARTICLE AT: Spiderchains, a Proof of Stake L2 https://bitcoinmagazine.com/technical/spiderchains-a-proof-of-stake-second-layer LOPP'S SPIDERCHAIN ARTICLE: An Introduction to Spiderchain https://blog.lopp.net/an-introduction-to-spiderchain/ BITCOIN AUDIBLE: Read 562 - Only the Strong Survive - Part 1 [Allen Farrington & Big Al] https://pod.link/1359544516/episode/bae1c1039509fa33c3863bf68929390c You can support the show by checking out our sponsors! __ __ __ __ __ __ --------------------------------------------------------------------------------------- "If the doors of perception were cleansed, everything would appear to man as it is - infinite." — WILLIAM BLAKE --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message