Can you really own Bitcoins? Or do you merely have possession of keys that grant a high probability of exclusive control? A fun short read to close out the week, from the Bitcoin Rabbi on defining what it means to own or possess bitcoin. Check out the original article below on medium and drop some applause, and follow The Bitcoin Rabbi on Twitter! https://medium.com/@thebitcoinrabbi/of-course-you-can-own-bitcoins-dedcfc0c2e49 --- Send in a voice message: https://podcasters.spotify.com/pod/show/b...
Feb 07, 2020•19 min
"For the better part of the last decade, the combination of these two practices has given rise to an increasing number of SIM swap attacks ending in the theft of bitcoin and other cryptocurrencies." - David Hollerith Another piece from BitcoinMagazine.com , this one by author and podcast host David Hollerith , that breaks down the risks and details of SIM swap attacks and how you may be vulnerable to losing your bitcoins, simply by revealing your phone number. Don't miss this piece detailing out...
Feb 07, 2020•58 min
"we have nearly 11 years of empirical evidence that the network itself has been holding and transacting bitcoin, but instead of with private key signatures, it’s in exchange for hashed electricity." - Phil Geiger Framing the scarcity of Bitcoin at first seems obvious, but with a closer look, is far more difficult than it would seem. Does the supply actually inflate at all? Does the market price in all future halvings? Do the Bitcoin exist when they are mined, or do they exist today, sold to the ...
Feb 05, 2020•47 min
An exciting development form the extraordinary team over at Zap and the Mallers Fam! The seed of the infrastructure inversion has landed, and its' called Strike! Don't miss the details on this incredible development and join the beta if you want to test out and provide feedback for this product over at strike.zaphq.io . This is a project to keep a very close eye on. Follow @jackmallers on Twitter so you don't miss the revolution ;) Drop some hella applause on the article below: https://medium.co...
Jan 31, 2020•28 min
"What’s noteworthy about this point is that, upon this particular halving, Bitcoin “inflating” at a roughly 1.8 percent rate annually will nominally — and by then, quite possibly in real terms — be “inflating” at a rate lower than both the Federal Reserve target of 2 percent per year and current, CPI-based estimates of real U.S. inflation of 1.9 percent annually." - Peter C Earle Another great piece from Bitcoin Magazine written by Peter C. Earle, detailing the reasons why this next halving will...
Jan 31, 2020•44 min
"Money is an intersubjective problem, and a choice to opt into one monetary medium is an explicit opt out of the other, which in turn causes one network to gain value (and utility) at the direct expense of another." - Parker Lewis Skipping around a little bit in the "Gradually, Then Suddenly" series, we read the most recent (#12) published on the Unchained Capital Blog . No, Bitcoin isn't a startup. No, there will not be many currencies. No, you can't create an alternative that doesn't compete w...
Jan 30, 2020•1 hr 8 min
As a follow up to Nic Carter's excellent breakdown of the efficient market hypothesis, and PlanB's piece addressing the market's evaluation of the risks in Bitcoin, I go through the reasons I feel the market both is very unwilling and unconfident about the consequences of the halving, and therefore sees it not as "known information," but more a blind gamble. For diving deeper into the many topics and works that I brought up, here are the links of all those I remembered: • Nic Carter's "Introduct...
Jan 29, 2020•1 hr 9 min
"A first reaction could be that it is a great investment opportunity. A better reaction (from an EMH and non arbitrage point of view) would be that it is too good to be true." - PlanB If the efficient market hypothesis requires that known events be priced in, then how could the S2F be a model for Bitcoin's price? When such an obvious and unchanging piece of information is available, shouldn't the market price it in? Continuing with the foundation laid from yesterday's article, we read Plan B 's ...
Jan 24, 2020•33 min
"So is the halving “priced in” or will it be a catalyst for appreciation? [...] I consider it patently absurd that a change in issuance would have been overlooked by the price-setting entities." - Nic Carter You are definitely gonna want to hear Nic's incredibly thorough argument as to why in this article! Breaking down the EMH, its origins, the many different iterations of the concept, & how best to frame it in the context of a real world market; Nic gives us another excellent work that is ...
Jan 23, 2020•1 hr 1 min
"Because of their digital nature, many people still object to bitcoin, refuse to take it seriously or consider it altogether too scary. [...] It’s the perfect combination of the advantages from the analog as well as the digital world." - Pascal Hugli Don't miss another great article from Bitcoin Magazine on the incredible change that the digital world is unleashing on our society and where we may find a drop of truth in an ocean of uncertainty. Check out the full article plus tons of other great...
Jan 20, 2020•39 min
"Not since the gunpowder revolution were ordinary men & women able to stand up to those who chose to oppress or rule them unjustly. Only this time, it can be done in a non-violent method, whereby one can peacefully opt out" - Aleks Svetski Today we read the epic conclusion to our walk through The Bitcoin Times Ed 2 with a piece from the founder, Aleks Svetski , "The Rise of the Individual." For the revolutionaries, the visionaries, and the dissidents, this article is not to be missed. Drop s...
Jan 16, 2020•1 hr
"Unlike Paypal, Venmo, or traditional payment processors, it cannot deplatform you for wrongthink, holding subversive political views, being a sex worker, or legally selling cannabis. Ours is the biggest possible tent. Don’t be distracted by the online discourse. Bitcoin is utterly indifferent to the political views of its users." - Nic Carter Getting close to finishing the amazing collection of articles in The Bitcoin Times Ed 2, and today we need another great one, by returning author Nic Cart...
Jan 15, 2020•52 min
"It is therefore a universal truth that all work has a measurable cost of energy transformation due to the very nature of the universe, and the laws of thermodynamics. It is with these laws that we underpin Bitcoin’s Proof-of-Work." - Rory Highside Don't miss the next piece in The Bitcoin Times 2nd Ed about how the Bitcoin system is both constrained and forces cooperation by leveraging the fundamental laws of the universe! Check out and drop some applause on this piece by following the link belo...
Jan 14, 2020•1 hr 5 min
"Prices are the coordinating force of a free market system. Each individual decision-maker can rely on the prices of goods and services to help with their decision making, as the prices themselves are a distillation of all known market information into a single metric." - Dan Held This is one of those articles that just explores the emergent brilliance of the free market system & easily got me into a near 40 minute rant afterward. Prices are not arbitrary, and a market price is quite possibl...
Jan 10, 2020•55 min
“Gold, the ancient and prevailing monetary sovereignty layer (representing an unmanipulable money supply), and the internet, the ultimate engine of exchange (representing global interconnectivity or liquidity). By combining and building upon the economic properties of both, Bitcoin is a momentous monetary innovation that has achieved the divisibility, portability, durability, and recognizability of pure information infused with the absolute scarcity of time.” - Robert Breedlove Don’t miss the co...
Jan 08, 2020•1 hr 51 min
Diving into the many incredible works made available in The Bitcoin Times Ed 2 ! Today we read Gigi 's great piece "Bitcoin's Eternal Struggle" on the intricate dance between that which is built in randomness & entropy, and that which is created with complete unambiguity, with strict universal validation. This week is not to be missed. Check out and drop some applause on the original at the link below. Don't forget to follow Gigi , and TimelessBitcoin on Twitter so you don't miss the incredi...
Jan 06, 2020•46 min
"To provide broader context, the Federal Reserve, the Bank of Japan and the European Central bank have collectively created $10 trillion dollars-worth of new money since the financial crisis, the equivalent of approximately $500,000 per bitcoin. Despite dollars, euro, yen and bitcoin all being digital, bitcoin is the only medium that is tangibly scarce and the only one with inherent monetary properties." - Parker Lewis Continuing the awesome Gradually, then Suddenly series on the Unchained Capit...
Jan 02, 2020•1 hr 8 min
A most profound aspect of Bitcoin is that we know, with certainty, what the monetary policy will be no matter how far we look into the future. If we choose to secure sound money for the world, then we have to establish the important markets, build the tools and protocols, and most importantly make the tough decisions *now, * instead of kicking the can down the road. Following the first era, this required a change with how we used this incredible resource. And just like last time, we will have to...
Dec 31, 2019•33 min
Carcampit from the Friends Against Government Podcast joins me to close out 2019 with a discussion on the crazy changes we have seen this year, both in Bitcoin and in so many other areas. We discuss... • The Stock-to-Flow model • Binance & Censoring Coinjoins • The Eurochain • Strip Searching your Devices • The Year of Lightning • New Media • A Bright Future for Privacy & much more! --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message...
Dec 30, 2019•1 hr 37 min
Closing out an extraordinary year in 2019 has us looking forward at 2020 & Beyond. What will we bring to Bitcoin, and what could Bitcoin bring to us? Today we read an amazing thread by John Newbery on the exceptional list of tools and technologies making their debut on the Bitcoin and Lightning protocol stack that will change everything about how we interact with and use this incredible technology. So much exciting stuff to go over, don’t miss “A Bitcoin Roadmap” twitter thread by John Newbe...
Dec 28, 2019•56 min
"The precursors of money, along with language, enabled early modern humans to solve problems of cooperation that other animals cannot – including problems of reciprocal altruism, kin altruism, and the mitigation of aggression. These precursors shared with non-fiat currencies very specific characteristics – they were not merely symbolic or decorative objects." - Nick Szabo If you haven't listened to it yet, the time is now. If you have listened to it, then it can't hurt to listen to it again. One...
Dec 24, 2019•1 hr 37 min
"At the end of the day, everyone has to believe in something; might as well believe in something verifiable and unforgeable." - Hass McCook As I walk in the valley of fiat, I shall not fear the Economic Reckoning! You don't want to miss this awesome piece by @FriarHass on the "True Believers" of Bitcoin, and why it is not only a religion, but the one True Way. One of the many great articles in the recently released edition 2 of The Bitcoin Times. Check out the amazing links below for more great ...
Dec 20, 2019•28 min
Is there a single key factor in the difference between the assurances in PoS vs PoW? The knowledge and proof that there is a real world, inescapable cost to both producing the currency, & editing the chain history - unforgeable costliness. Learn about this, the private keys attacks that risk entire contesting histories in PoS systems, and to the nothing-at-stake problem. This and more in today's read! Check out the original (hit that applause button) plus the other great pieces Hugo has on h...
Dec 19, 2019•37 min
What is the true set of differences between Proof of Work, and Proof of Stake? What are the engineering mindsets behind them both, and which is built explicitly to survive in the worst-case scenarios? Find out this and more in today’s read of Hugo Nguyen ’s excellent piece “Proof of Stake & the Wrong Engineering Mindset.” This will be the beginning of a short series that will finish out our week attacking the PoS design from all angles. Subscribe so you don’t miss it. Follow Hugo on Twitter ...
Dec 18, 2019•36 min
Don't forget to check out the Bitcoin Magazine Podcast and follow Dave on Twitter ! https://twitter.com/DsHollers https://twitter.com/BitcoinMagazine Additional resources from the chat: • Does Bitcoin Need Accountants? ( audio ) • A Most Peaceful Revolution ( audio ) • Cryptoconomy website • Bitcoin Time Traveller ( audio ) • Bitcoin Is Worse Is Better ( audio ) • The Sovereign Individual --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message...
Dec 18, 2019•51 min
Another clever & censorship resistant system for identity within the Bitcoin system is being proposed. Called " Easypaysy ," developer Jose Femenias Canuelo has created a system to safely & independently create a static on-chain account system, that would solve the need both of having to reuse Bitcoin addresses, & having to constantly generate new ones for every payment. Today we read the Bitcoin Magazine article by none other than Aaron Van Wirdum breaking down exactly what it is, h...
Dec 16, 2019•47 min
Next up in the Gradually, Then Suddenly series by Parker Lewis and available on the incredible blog over at unchained-capital.com is " Bitcoin, Not Blockchain. " There is nothing about blockchain that makes it inherently immutable. Immutability emerges over time as the consequence of economic incentives and a native monetary unit that secures those incentives. It is hard won in the battle of monetary competition, something that cannot be copied or challenged with frivolous features, or arbitrary...
Dec 14, 2019•52 min
The scams in the Bitcoin & crypto space are, unfortunately, not low in number. Sometimes the only safe option is to ignore them, but there are the few occasions that require a thorough breakdown of just how the scam works, in hopes of protecting the often naive and uninformed noobs that enter this space. Today we read a piece by Goldman Sats breaking down the inner workings of the HEX scam, and how it is designed for one thing, and one thing only, to take your money. Listen to find out more!...
Dec 12, 2019•35 min
Is Bitcoin really a religion? Is all money some form of religious institution? What happened to Virgil Griffith? Are juries the best or worst idea for finding justice? These are the important questions that we answer at the Raleigh Meetup Podcast! Listen to today's episode and dont forget to check out the Raleigh Meetup podcast for an awesome chat every week! --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message
Dec 10, 2019•2 hr 17 min
Is Bitcoin the perfect money, or is it the worst money that solves the most essential problem, as simply and reliably as possible? In true "New Jersey” style, Bitcoin doesn’t attempt to be everything, it attempts to do ONE thing as beautifully, & as unambiguously as possible. Today we read a fascinating piece from Bitcoin’s rich history, originally published in 2011, and edited, added to, and updated for years since. At Gwern.net , Bitcoin is Worse is Better: https://www.gwern.net/Bitcoin-is...
Dec 09, 2019•1 hr 6 min
