Bitcoin Audible

Our monetary system has confiscated trillions in resources and value by corrupting the very incentives that keep our economy healthy and resilient… in that world, what role does Bitcoin play? Today we read and discuss the fascinating metaphors in Part 3 of Brandon Quittem ’s excellent series on the Bitcoin Organism - “Bitcoin is the Antivirus to Uncertainty” https://medium.com/@BrandonQuittem/bitc...

Everything that defines the Bitcoin network is in the validation rules, and the nodes are its enforcers. An impenetrable fortress of validation. Because it deserves an episode of its own, today we read @StopandDecrypt 's excellent breakdown of the Bitcoin network and the critical importance of fully validating nodes. Originally an excerpt from a much longer article covered on the show, " Sharding...

The crew from the Lightning Hood website and weekly wrap-up are back for another episode chatting all about the developments in Lightning & Bitcoin throughout the last year. What's new, what's the same, and what are the next steps. Bitcoin is back in the spotlight, how long and winding is the road to good privacy, how Bitcoin & Lightning returns power to personal hardware, developing a protocol st...

Do we live in an age of liberty, where information is freely accessible, or an age of heavy-handed copyright restrictions where we are losing the ownership of the very devices we hold in our hands? If I had to judge, it's probably a bit of both. Today we read a fascinating short story that I just recently ran across at the NakamotoInstitute.org by Richard Stallman, a dystopian tale of a future whe...

We make claims about Bitcoin's assurances all the time. It is censorship resistant, it's open and permissionless, it's counterfeit proof, etc. But are these things entirely true? When someone wants to acquire, use, or validate Bitcoin, how well do the claims match reality? Today we cover another great article from @nic_carter titled: " Unpacking Bitcoin's Assurances ." Don't forget to follow Nic o...

Today we read an excellent article by Ben Perrin ( @Btcsessions ) laying out an excellent argument that reveals #BitcoinMaximalism as the meticulous and thoughtful position it actually is. Rather than the arbitrary, religious, & closed-minded position many altcoiners would want you to believe. Drop some applause on the Medium article for the great work! https://medium.com/bull-bitcoin/my-path-to-b...

Today we have on the show one of the best journalists in the Bitcoin ecosystem, Aaron Van Wirdum ! We chat about his path to finding Bitcoin, his process in investigating protocol developments, social impacts of paradigm shifting technology, the growing need and coming battle for privacy, his most anticipated new tech, and much more! You'll find over 300! amazing articles by Aaron at https://bitco...

Inflation, or manipulation of the money supply to the benefit of the politically well connected, is quite possibly the most pervasive frauds of modern society. It creates multiple layers of compounded resource misallocation, it benefits the debtors and manipulators at the expense of savers, it puts a constant downward pressure on living standards, and it enables more unchecked corruption and abuse...

"If Bitcoin's supply is expected to be endlessly deflationary, doesn't this ensure a never ending, economy destroying downward spiral?" Today we conclude with Part 2, Hulsmann's incredible work on the consequences and nature of deflation and what it means for liberty. Continuing a 3 episode answer to this critically important question we finish Jörg Guido Hülsmann 's amazing piece, available thank...

When we think about the unmatched scarcity of Bitcoin as a monetary good (particularly after looking at @100trillionUSD 's stock-to-flow model), it inevitably leads to an important question. If Bitcoin's supply is expected to be endlessly deflationary, doesn't this ensure a never ending, economy destroying downward spiral? Doesn't deflation halt economic growth and investment? Beginning a 3 episod...

The incredible model for predicting and assessing the value of the Bitcoin network by @100trillionUSD is analyzed in his exceptional article that we read on today's show, "Modeling Bitcoin's Value with Scarcity." With an R^2 above 95%, if you plan for a bitcoin future without closely assessing this model, you are ignoring a powerful indicator. Hear all about what it means for "orange coin number"...

If you haven't listened to the earlier episode where I went on the Friends Against Government Podcast, then you no longer have to miss out! A year later, we get back together & talk about what a crazy year it has been in Bitcoin, podcasting, & the increasingly confused world. Just an awesomely fun time! Check out the Friends Against Government Podcast. Entertaining, informative, & just the right a...

We start today's show reading a short Twitter thread by @simonlutz21 which sparks a fun discussion about the presence of Proof-of-Work in nature, the awesome utility of immutability, and the power of Bitcoin's inalterable ledger. Like the original thread by Simon by following the link below: https://twitter.com/simonlutz21/status/1145009553874010112 Don't forget to check out the presentation by An...

There were many precursors to the Bitcoin system, but IMO, none came as close to correctly defining the problem, & solving the key issues of trust as Nick Szabo 's Bit Gold concept. Reading another great piece made available by the Nakamoto Institute, we read and discuss the incredible prescience of Szabo through one of Bitcoin's forefathers, Bit Gold. Check out the amazing collection of literatur...

What if we already had a solution to one of the biggest threats to the Bitcoin network, but simply weren't implementing it? Today we read another great piece by @stopanddecrypt breaking down the numerous vulnerabilities of centralized mining pools, that simply wouldn't exist, with the implementation of a @TheBlueMatt 's new hashing protocol, #BetterHash. Drop some applause on the original article...

What if there was a single, fundamental flaw in Keynesian economic theory that could shed light on the major imbalances and debts that have resulted from our monetary system? Does "spending" and consumption of resources truly make us wealthier? Ben Kaufman lays out the argument for how "Time" is the missing piece in the failed Keynesian puzzle. Drop some applause on the original article at the lin...

From Bitcoin Magazine , today we read Aaron's piece on the recently conceptualized "Statechains" from the mind of Ruben Somsen . An entirely different way to think of exchanging Bitcoin, by handing keys to the receiver, rather than sending coins. Don't miss the read & a really fun discussion about the tech to follow. Check out BitcoinMagazine.com for the full article and the best place for Bitcoin...

The Lightning Network does, in fact, have scaling problems of its own. When the network grows to millions of channels we obviously won't be able to run it on a Raspberry Pi. Don’t tell Rusty Russell or Joe Netti that, because they'll just build their own network and do it. Another major milestone in Lightning development, the release of the Million Channels Project! Today we are reading & discussi...

… And one of the greatest natural subsidies for renewable energy we could've asked for. Today we hit a piece by Daniel Wingen . A thorough breakdown of the essence of mining, the necessity of its energy expenditure, the incentives for efficiency and renewable sources, and the unbelievable cost that is being rescued from wasteful alternatives. Not only is Bitcoin's energy consumption not a problem,...

Today we read yet another great piece by @hasufl and @suzhu available on uncommoncore.co on the core value offered by Bitcoin as a system and the high level trends in macroeconomics and technology that could lead to enormous future demand for just such an asset. A big thanks as always to the amazing work produced by Hasu and Su Zhu . You must check out their blog over at uncommoncore.co where you...

Finishing this week out with a short but wonderful introductory article by Nik Bhatia . Bitcoin is a money, a game, a land grab, works like email, and ultimately, Bitcoin is a human right. My discussion afterward may have gotten a little out of hand with a 40 minute follow-up to a 5 minute article. But when a good article sparks great ideas, sometimes its just hard to stop. ;) Today we read and di...

The Lightning protocol has made some major leaps in the last few months, and the software landscape has changed massively in the same span! Here to talk all about the Breez lightning service that has been an absolute pleasure to play with, we have the CEO, Roy Sheinfeld, joining us on the show! If you wanted to hear how their team is creating a seamless experience in Lightning & what it will take...

Tomorrow we have an awesome interview with Roy Sheinfeld all about the Breez Lightning service! To set the stage, today we dive into the recent Lightning Labs Blog post on the incredible improvements in the 0.7-beta release. Followed with a fun discussion on the major developments and what it will mean for the UX, reliability, and further improvements of the Lightning ecosystem. If you need you Li...

Merchants are scammers, Keynesians are scammers, altcoins are scammers, Bitcoin "investments" are scammers, scammers are scammers, and even Bitcoin hoarders are scammers. Everyone's a scammer . There is a key list of works that are simply the "must reads" of the Bitcoin space if you want to understand the true nature of the new economic incentives and the technology behind it. " Everyone's a Scamm...

I was lucky enough to get the opportunity at the Bitcoin 2019 Conference to sit down with Alex Adelman , the CEO of Lolli , and talk all about how he got into Bitcoin and their crazy experience bursting into the Bitcoin scene! This is definitely a crew to be watching closely as they continue to expand their service and grow with the Bitcoin ecosystem. Shout out to Matt Senter ! It was great meetin...