Bitcoin Audible

"Bitcoin appears to be a decentralized Ponzi scheme not a decentralized currency. People don't spend it because they want it to go up. The dollar works because of inflation. It keeps velocity up like hot potato. If you want to store value silver gold and land. Because it's beautiful useful and valuable. Bitcoin is a Ponzi scheme without an individual attached to it to go to prison. So the media ca...

The models, the tools, the implementations, everything is moving incredibly fast. But a very interesting trend that I've been seeing, is that the open source benchmarks are improving just slightly faster than the closed source alternatives. Slowly but surely, they are catching up. The day may come where the open source models are the best models, the ones with the greatest number of tools, and the...

"Since 2017, bitcoin has been Stone Ridge’s treasury reserve asset because of my extreme aversion to risk. We run net short USD – which is fancy way of saying we net borrow fiat - to pay bills and make investments. We save in bitcoin. It would be impossible to overstate the corporate advantages of being on the Bitcoin Standard. Since 2017, we’ve doubled our franchises to ten, more than 10x’d our t...

"This decision, which is legally sound, has the effect of declaring all private mortgages on real and personal property, and all U.S. and State bonds held by the Federal Reserve, National, and State banks to be null and void. This amounts to the emancipation of this Nation from personal, national, and state debt purportedly owed to this banking system. Every American owes it to himself to study th...

“This makes Bitcoin miners uniquely symbiotic with energy grids serving as “demand response” partners. If energy is ever in short supply, people get priority over Bitcoin miners. However whenever there is excess energy, it gets monetized. This symbiotic relationship leads to more energy abundance generally.” ~ Brandon Quittem Another great piece coming at you today from The Bitcoin Times Ed 4, and...

"We’re less than a year from another halving, awaiting systemic implications from federal regulation and institutional adoption, standing at the precipice of an American primary election into which Bitcoin has irrevocably inserted itself. Welcome to the big leagues." ~ Mark Goodwin and Alex Bergeron We are headed into a new era for Bitcoin. The stakes are higher, and the challenges will be even gr...

"You’re a thirsty bitch. You like to gargle Peter’s balls." ~ DeaterBob Merry Christmas! In this reboot episode, we revisit the infamous debate between Bitcoin plebs American HODL and DeaterBob. They're on the same mission of pushing Bitcoin adoption, but their principles and who they're willing to buddy up with couldn't be more opposite. This episode is a lighthearted journey into the hilarious u...

"There is a Remnant there that you know nothing about. They are obscure, unorganized, inarticulate, each one rubbing along as best he can. They need to be encouraged and braced up because when everything has gone completely to the dogs, they are the ones who will come back and build up a new society; and meanwhile, your preaching will reassure them and keep them hanging on. Your job is to take car...

"You got to go from proto banking to full service banking and then to central banking and you know interconnected central bank. So now a lot of that is actually a technological story and I don't think it gets covered enough because most people covering it. Historians and economists aren't necessarily looking at the lens of technology and at most they'll give a caveat like oh the telegraph allowed...

Ai is a powerful tool, and thus, necessarily comes with incredible risk. It could obsolete millions of workers, taking jobs and productive capacity away from humans and consolidate it into corporations. It could make the average individual too dangerous, putting incredible power into the hands of bad people. It may even present an existential threat to humanity, a veritable nuclear bomb, made avai...

"Regulators will continue coming down on those custodians, making more demands for information, more demands on restrictions for what users can do with their money, they will not stop. So short of actually activating covenants on Bitcoin, what can we do?" ~ Shinobi As we move into an era of bitcoin where the surveillance and control apparatus will seek to gain their stranglehold on the industry, b...

In this episode I dive into the ongoing shift from closed systems to open, permissionless digital realms, drawing parallels to the internet revolution. I discuss the importance of privacy as a fundamental right, and explain why government attempts to regulate and control Bitcoin are contemptible and flawed. With a focus on recent FinCEN rules and Senator Warren's proposed bill, I advocates for a r...

Today we dive into a few of my favorite tools for running LLMs locally on your machine, even the average consumer machine. With a huge variety of models to choose from and varying levels of customization and presets, these will get you started on running your own Ai, and getting the pieces necessary to connect them into micro apps and other parts of your workflow. Not only are these huge productiv...

"I’ve done an overall analysis of the proposal by addressing seven different sections of where FinCEN is attempting to infringe on your rights. From violating the sanctity of your personal information and restricting your financial autonomy, to stifling your freedom of speech and association, I’ll unpack each area. This is about shining a light on the fine print, connecting the dots, and equipping...

"Nothing in the ordinal logic requires inscriptions to be linked to the “first” sat. So why is it the first sat of the first output? Why not the second sat of the first output? Why not the last, or one of the other hundreds, thousands, or millions of other satoshis which were also present in that same transaction? The answer is, well, because we are _pretending_ that it is so. In other words, we s...

The principle that one should help men in an emergency cannot be extended to regard all human suffering as an emergency and to turn the misfortune of some into a first mortgage on the lives of others.” ~ Ayn Rand Today we are going to turn some concepts on their head. I hope that this challenges many to reflect not on their judgements, but to reflect on *the internal values that push us toward tho...

"Coding has always felt to me like an endlessly deep and rich domain. Now I find myself wanting to write a eulogy for it." ~ James Somers Today we dive into an amazing piece and such an important perspective on the future with Ai. With GPT being able to code with ease, so many tasks and projects that would've taken hours before. Where the "so-so" programmer can now build nearly anything with an Ai...

"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 sys...

"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 lightning? 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...

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 i...

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...

"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 an...

If you are looking to maximize your productivity, to use the Ai tools available in a way that genuinely gives you that 5x improvement of your capabilities, this is the episode for you. These are the 5 ways I am currently using Ai more than any other to maximize my output. For other links mentioned in the episode: Ai transcription video from YT (Link: https://www.youtube.com/watch?v=ZDw8ZNFBKes) Pr...

"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...

"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 o...