Bitcoin Audible

No matter how often we cover these ideas, it still seems astonishingly common for new people to fall into the same old fallacies and the same misguided thinking. In this episode I try to cover all the major problems with the "raise the blocksize" mentality, and why its thinking incorrectly about what the system even provides, and most importantly how it provides it. We cover 7-9 key points and way...

"Bitcoin’s security guarantee comes from the direct conversion of unforgeable energy into a fixed supply unit on an incorruptible monetary network. There is no alternative that exists that is more sound, efficient, effective and rooted in the physical laws of the very universe itself." - Aleks Svetski What is the true nature of our government systems and what are the consequences of collectivism....

"It is truly impossible for the petrodollar system to be green when it is based on black gold." - Alex Gladstein Today we have another brilliant piece by Alex Galdstein, published on Bitcoin Magazine about the Petrodollar system, how it came about, why it has stuck around, & the horrible costs of maintaining it that so few are willing to acknowledge. Check out the original at the link below plus s...

Hyperbitcoinization is defined by the Nakamoto institute as “a voluntary transition from an inferior currency to a superior one, and its adoption is a series of individual acts of entrepreneurship rather than a single monopolist that games the system.” - Knut Svanholm The FOMO is going to be out of this world, & both the knowledge and networks you build prior to the flood, will be endlessly valuab...

"To be sure, by the waning days of 2010, Satoshi Nakamoto was still acknowledged for inventing Bitcoin, and was respected for growing the world's first decentralized digital currency into a $1 million market. But as frustrations with his authority and availability built, it became all too common for users to decry Satoshi the admin[ X ], Satoshi the bottleneck[ X ], Satoshi the dictator[ X ]." - P...

"Bitcoin miners are unique energy buyers in that they offer highly flexible and easily interruptible load, provide payout in a globally liquid cryptocurrency, and are completely location agnostic, requiring only an internet connection. These combined qualities constitute an extraordinary asset, an energy buyer of last resort that can be turned on or off at a moment’s notice anywhere in the world."...

"discussion about Taproot activation turned out to be a long and sometimes heated debate. Now, it has resulted in two different Taproot activation paths, embedded in two main software clients that could in some scenarios even become incompatible with one another." - Aaron Van Wirdum With a short introduction to taproot and all the mess around the True/False activation dilemma, we cover another gre...

"Embedded on every single node of the Bitcoin network is an obituary . Hacked into the transaction data, it’s a memorial to Len Sassaman, a man essentially immortalized in the blockchain itself. A fitting tribute in more ways than one.' - Evan h In the never ending search for Satoshi, there is the opportunity to find the unsung heroes of the cypherpunks. those who are lesser known, but made a monu...

A walk through Bitcoin history, the chaos of the early days, the blocksize war, working in film, financial catastrophes, the great reset, the breakdown of collective trust, hyperinflation, & the principles that Bitcoin embodies - all covered in today's chat with the Bitcoin Made Simple podcast host, Cory Tucek. I had a great time with this one and I think you guys will love it. Don't miss Chat #60...

"Human civilization is at an inflection point. Inflationary monetary policy against the backdrop of technological deflation means either that ever more power will become concentrated in the hands of the state, or that one by one, individuals will voluntarily opt into and adopt a superior monetary system, the rules of which cannot be arbitrarily changed." - Dylan Leclair We are at the precipice of...

"Bitcoin is the alpha-omega of private property and voluntary exchange. It lowers the cost of defence whilst increasing the cost of attack. As such it is the central tool in helping us get beyond the great filter." - Aleks Svetski In tying together and expanding on the ideas touched on in yesterday's episode, on responsibility and freedom, we dive deep with Alek's piece from the Bitcoin Times Ed 3...

"The whole idea of Bitcoin is to remove intermediaries from the equation. Trusted third parties are security holes, and unless we want to repeat past mistakes, it is our collective responsibility to eliminate these security holes wherever and whenever we can." - DerGigi Bitcoin changes us in ways that are hard to articulate. It's a level of personal responsibility, when you make that journey to th...

• Money is not what you think it is • Great societies are a result of great money • Money is more foundational than language • Prices are not arbitrary • The nature of time • Money is a tool of information • Proof of work in ancient history …And so much more in today’s Guy’s Take! The many recommended works to dig deeper: Wittgenstein’s Money https://bitcoinaudible.com/?p=5659 I, Pencil https://bi...

"…And we’re just considering two sources of nonrival energy: clean energy curtailment in China, and vented/flared gas in the U.S. There are many other sources of stranded and nonrival energy sources globally. Suffice to say, there’s enough nonrival energy out there to run Bitcoin many times over. It’s just a matter of deploying hashrate in the right locations, which miners are doing — aggressively...

The Gaming Universe is about to be Struck by Lightning. We have Simon Cowell on the podcast, CEO and Founder of ZeBeDee and their tools for easily integrating Lightning payments directly into the gaming and esports industry. Where the virtual economy meets the virtual world, with Lightning at its center. Don’t miss Bitcoin Audible Chat #59! Don't forget to follow them and check out the tools they...

"When I thought about what is the defining difference between the Bitcoin maximalists and my yuppie elite friends, the surface level distinctions that popped out were political (e.g., libertarianism, Trump support, second-amendment rights, Black Lives Matter). But these stem from a deeper divide: the degree to which a person has trust in the system." - Croesus Why is it that some of the most intel...

"The empty block attack is one where a majority of mining power would be directed at mining only empty blocks and rejecting non-empty blocks. These miners would essentially execute a soft-fork where all non-empty blocks would be rejected. Given that they have a majority of hashing power on the network, so the thinking goes, they will eventually get the longer chain even if other miners were to min...

"Bitcoin is not taking gas from your car or electricity from your house, it is making power production more efficient, utilizing otherwise “stranded” energy sources and helping to fund the development of renewable energy technologies." - Evan Bayless With the constant flood of ignorance and incredible mental laziness in the conversation of Bitcoin's energy consumption, its always good to have anot...

"Bitcoin is a unique digital asset for an increasingly digital world that requires digging deeper than the surface level to understand its core properties and trade-offs." - Ria Bhutoria Fidelity writes another great piece this time addressing he persisting and common criticisms of Bitcoin that the new entrants to the ecosystem continue to falsely hold as major, valid concerns. Bitcoin is a compli...

"To state it plainly: Bitcoin is a momen­tous monetary innova­tion enabling a new mode of non-nation-state human organi­za­tion, a “purified” form of capitalism free of nation-state inter­fer­ence and deserving of its own neolo­gism. Let us call the new mode of socioe­co­nomic organi­za­tion enabled by encrypted digital money sover­eignism ." - Robert Breedlove Today we start an amazing series by...

“We can already observe some faint light at the end of the tunnel. Savings have been reintroduced into the hands of society. You can save money and the State is unable to influence your funds on the Bitcoin blockchain. Nobody can take your money away, and this creates economic stability that positively influences mental wellbeing. When you know that you have savings, and that you will be able to p...

“40 years of this back and forth has resulted in almost $20 trillion in zero- or negative-yield government and corporate debt, the lowest interest rates in the last 5,000 years, and the most amount of global debt ever in human civilization." - Arthur Hayes Our macro situation is teeter between Financial Armageddon on the one hand, if governments and central banks let interest rates rise, and possi...

Back from the dead! Shitcoin Insider returns with a lengthy discussion of money, networks, altcoins, their merits, the lack of, & everything else in a marathon discussion on Clubhouse. Don't forget to subscribe, drop your criticisms, questions, & insults to the @ShitcoinInsider Twitter handle. And in the meantime, enjoy Episode #005. Host Links ⁠ Guy on Nostr ⁠(Link: http://tinyurl.com/2xc96ney) ⁠...

"As long as there are money printers, there can be no freedom of expression. Money is the tool we use to express value to each other. Whoever controls the money supply controls the world." - Knut Svanholm The world became vastly more free when we separated our religious morals and authority from the apparatus of the state. The separation of church and state is one of the most important development...

"The World is in Denial" - Preston Pysh Preston Pysh joins Bitcoin Audible to talk the horrible macro environment, the unraveling of the financial markets, the enormous risk of inflation, & how the maturation of Bitcoin could turn everything upside down. The establishment of real market interest rates & liquid futures markets within the Bitcoin ecosystem isn't merely a sign of growth, it's a funda...