John Vallis from the Bitcoin Rapid Fire Podcast and I have a lengthy chat all about our roads to Bitcoin, and how it has changed our view of the world. Don't miss a really fun show and be sure to check out the Rapid Fire section available at the link below. https://anchor.fm/john-vallis/episodes/Guy-Swann-The-Audible-of-Bitcoin-e5d5j3/a-anlnf4 --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message...
Sep 23, 2019•1 hr 27 min
Today we take a dive into the future of Lightning and one of the amazing developments to make it simpler and more reliable, the new sighash flags referred to as the "Noinput Class." Who better to take us through it than Aaron Van Wirdum & Bitcoin Magazine ? Our recent interview with Aaron Van Wirdum , the extraordinary author of this work and 100s more: https://anchor.fm/thecryptoconomy/episodes/CryptoChat_018---Investigating-Bitcoin-with-Aaron-Van-Wirdum-e4rt9e Don't forget to check out the...
Sep 20, 2019•53 min
The only thing as scarce as Bitcoin, is Time. Do you value it accordingly? For today's read we are diving into our first piece from the awesome collection over at Epsilon Theory by Ben Hunt . The Long Now Pt. 1 - Tick Tock Don't forget to check out the other incredible content over at EpsilonTheory.com Other great content mentioned in this Episode: The Bitcoin Survivor's Book List http://thecryptoconomy.com/bitcoin-survivors-book-list/ Rational Optimist (affiliate link) https://www.amazon.com/gp...
Sep 18, 2019•43 min
Concluding the “Bitcoin” section of Money, Bitcoin & Time. So many fascinating aspects of Bitcoin covered by author Robert Breedlove in this section including: • A new form of life • The many-sided network effects of Bitcoin • Positive feedback loops • The Minority Rule • The TrustNet & more! “It removes the central banks, macroeconomists, politicians, presidents, dictators and military leaders from monetary policy and payments authorization once and for all.” If you haven't listened to ...
Sep 18, 2019•1 hr 7 min
Jumping back into Robert Breedlove 's great piece with a thorough exploration of Bitcoin as a money, a technology, a network, and a measure of time. • The Cost and Reward of Proof-of-Work • A Vault Built of Energy • The infinite Hardness of Bitcoin • The Internet of Value • The Bitcoin Social Contract & more! Don't miss the continuation of this excellent piece available on the blog or in PDF at parallaxdigital.io - https://www.parallaxdigital.io/blog If You haven't yet, don't forget to check...
Sep 17, 2019•1 hr 25 min
Today we have a follow up to Nic Carter 's excellent piece on Medium, A Most Peaceful Revolution . An incredible article that deserves an exhaustive discussion and easily earns a few ridiculous rants. What could be better for Guy's Take 23? Other episodes and works mentioned in the show for a deeper dive: A Most Peaceful Revolution https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_293---A-Most-Peaceful-Revolution-Nic-Carter-e5bfpm Anatomy of the State https://mises.org/library/anatomy-st...
Sep 13, 2019•1 hr 15 min
Today we read a veritable Bitcoin Manifesto on a fundamental truth of Bitcoin's nature, the challenge it proposes to the state, the atrocities it seeks to dismantle, the hubris of alternatives, its promethean origins, the values it codifies, the role its already playing, and its patient unstoppable advancement. Do not miss the audio, followed by tomorrow's commentary (there's simply too much to say in one show), of Nic Carter's , A Most Peaceful Revolution Drop some highly due applause over at h...
Sep 12, 2019•38 min
• Keys are being abstracted away. • Users will call customer support to restore their coins, but never give up control. • Ownership of a single UTXO will become rare. • On-chain transactions will be used to build networks, more than transfer coins. • Lightning, sidechains, statechains & more will work invisibly behind the curtain. Things are changing fast, and we go through all sorts of great stuff in this show and I attempt to explain some of the technical elements with analogies using cook...
Sep 09, 2019•1 hr 3 min
If you were looking for a succinct summation of the philosophy and to understand why we are so avid about using Bitcoin, encrypting our communication, and why we think these things are critical for a better future, this is the episode you're looking for. Beginning with a read of @Dergigi 's great piece on the Bull Bitcoin Medium page, " Rise of the Sovereign Individual ." Followed by a discussion about what liberty is, why we should be defending it, and what tools we have to truly "install" it o...
Sep 06, 2019•45 min
Today we start into the second piece of the "Gradually, Then Suddenly" series by Parker Lewis . Why altcoiners can claim their coin is for something other than money, but it must compete with Bitcoin as money regardless. Why money will only tend to one. Why copies of Bitcoin are just modern day alchemy. And why toxic maximalism is Bitcoin's greatest strength. Don't miss a great piece and fun discussion to follow! Bitcoin Can't Be Copied! Check out the original article plus the other great stuff ...
Sep 06, 2019•42 min
Bitcoin isn't just a token you can send and receive online, it isn't just a digital money, its a complete inversion of the idea of money in the same way that the internet changed the nature of information. To understand exactly why, we need to look at the previous major societal disruptions brought about by the Digital age, and we can begin to see where Bitcoin will fit into the big picture. 1) Mail & Connecting 2) Publishing & The Web 3) The Infrastructure Inversion 4) Ecommerce 5) The ...
Sep 04, 2019•1 hr 33 min
The Bitcoin community needs more Jason Stapleton, so I'm doing my part. Super excited to have had the opportunity to join Jason Stapleton and Matt Erickson on a favorite show of mine, Wealth, Power & Influence! Don't miss this great episode plus tomorrow's follow-up where I go further down the rabbit hole on many topics we touched on in this interview. Don't forget to follow Jason Stapleton (and Matt Erickson ) for more of the endlessly entertaining, Wealth Power & Influence podcast. htt...
Sep 02, 2019•49 min
"What is money? That is the beginning of the real rabbit hole.” Like the process of going bankrupt, how fiat money inflates, and what it feels like to learn Bitcoin... it happens gradually, then suddenly. We take a break today before getting back into Money, bitcoin & Time, by beginning the awesome series at unchained-captial.com by Parker Lewis that is hitting major topics around Bitcoin and its supposed "failures" one at a time. A really fun and well written series that's going to inspire ...
Aug 30, 2019•32 min
Harold Thomas Finney (May 4, 1956 – August 28, 2014) In one of his last posts on the BitcoinTalk forums, Hal Finney posted a short message about his past, finding Bitcoin, working with Satoshi, coming to terms with his disease, and the legacy he was leaving behind. On this day in 2014 we lost a true cypherpunk. Hal's, Bitcoin and Me --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message
Aug 28, 2019•9 min
Today we continue our journey through Robert Breedlove 's thorough work by completing section 1 on the incredible history & profound nature of money. • How prices are the economic nervous system • Histories of failed monies • When gold lost its soundness • The Gilded Age • The Century of War • Skin in the game • Free Markets vs Socialism You'll find this amazing work plus much more at parallaxdigital.io/blog Further reading, listening, & exploration mentioned in today's show: Use of Know...
Aug 28, 2019•1 hr 41 min
The network effects that tie society together through its community, language, and money are both incredibly powerful, and very difficult to measure. We continue with Robert Breedlove 's broad piece covering all of the core ideas that make Bitcoin the powerful innovation it is, and detailing exactly what it is changing, with a deep historical context. • Money is a social network • "Hardness" is #1 • The 7 characteristics of a monetary good • The nature of prosperity • How economies grow So many ...
Aug 26, 2019•1 hr 9 min
Today we start into an amazing and broad work that tackles the entire argument for Bitcoin, from the origins and nature of money, to the cost and value of time, by Robert Breedlove titled, " Money, Bitcoin and Time. " • How does an economy grow? • Why do we even need money? • How extraordinary are the benefits of indirect exchange? • What makes a money sound? Check out the original piece, and read along for a better understanding by following the link below. You'll find this piece plus tons of o...
Aug 22, 2019•59 min
“Life is like fire, not water; it is a process, not a pure substance. […] The simplest, but not the only, proof of life is to find something that is alive.” — Christopher McKay The author of the incredible Bitcoin Mycelium series, Brandon Quittem , & the author of the 21 Lessons of the Bitcoin Rabbit Hole, Der Gigi , join me today for a 2 hour marathon exploring all aspects of this crazy beast we call Bitcoin. What does it mean to be alive? What exactly is Bitcoin? Does it work for us, or do...
Aug 21, 2019•2 hr 7 min
"Ralph Merkle... made the argument that Bitcoin is the first example of a new form of life. In this article series, I intend to take this claim seriously, explore it further, and see what can be gleaned from viewing Bitcoin as a living organism." Today we read and discuss the first part of a promising new series from Bitcoin enthusiast and author @DerGigi , titled "Proof of Life." It will be the perfect precursor to tomorrow's interview with @Dergigi and @bquittem all about the nature of Bitcoin...
Aug 20, 2019•45 min
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/bitcoin-is-the-antivirus-mushroom-medicine-part-3-4-fd1e6606a3f8 Don’t forget to check out Parts 1 &...
Aug 15, 2019•58 min
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 Centralizes Ethereum ." Drop some major applause on the original article below and don't forget to e...
Aug 13, 2019•31 min
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 stack for sovereignty, how Lightning is disappearing into the background, and the coming wave ...
Aug 13, 2019•1 hr 44 min
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 where we have to fight, for our " Right to Read ." Thanks to SNI for making the work available, I would...
Aug 09, 2019•35 min
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 on Twitter and Medium, and drop some applause on the original article at the link below: https://medi...
Aug 07, 2019•50 min
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-bitcoin-maximalism-c77c53466cb5 Follow @BTCsessions on Twitter and Youtube for tons of great cont...
Aug 06, 2019•54 min
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://bitcoinmagazine.com/authors/aaron-van-wirdum . And don't forget the great pieces available in the new 10t...
Aug 05, 2019•1 hr 15 min
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 of power than any other aspect of our political systems. Following Hulsmann's work, Deflation &...
Aug 02, 2019•1 hr 15 min
"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 thanks to the Mises Institute : Deflation & Liberty https://mises.org/library/deflation-and-liberty-1...
Aug 02, 2019•40 min
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 episode answer to this critically important question we start by reading Jörg Guido Hülsmann 's amazing pi...
Jul 31, 2019•40 min
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" in today's episode! Don't forget to drop some major applause for the excellent work at the original ...
Jul 30, 2019•1 hr
