"A year and a half ago, two years, bitcoin was still a joke. Bitcoin was still something that was very hard for someone legitimate to... you had to have balls to go speak of it like a legitimate thing, like a serious player. And today it is a legitimate safe haven asset. Even though it hasn't been adopted like that, in the sense that every institution is rushing out to buy - the conversation has completely changed. Like night and day." ~ Guy Swann Catch up with me and the crew on this re-release...
Jun 10, 2025•58 min
"Only the Federal Reserve System was designed to survive and take over all assets and banking activities. Only the Federal Reserve Banks and those selected and controlled by the Federal Reserve were allowed to reopen. The Federal Reserve was also indemnified by the government, i.e. the public, for any losses. And so, large-scale closure of banks and taking of bank deposits is not unprecedented. Holders of cash in banks are unsecured creditors, with no enforceable claim to their money. [...] All ...
May 29, 2025•1 hr 16 min
"Inevitably following the “Everything Bubble” will be the “Everything Crash.” Once prices of essentially everything crash and all financial firms rapidly become insolvent, these collateral management systems will automatically sweep all collateral to the Central Clearing Counter- parties (CCPs) and Central Banks. The trap, into which all nations have been herded, is ready and waiting to be sprung." ~ David Rogers Webb Continuing our dive into Part 3 of David Webb's incredible piece not he struct...
May 28, 2025•41 min
"I am illustrating the horror and simplicity of the lie. You are led to believe that you own something, but someone else secretly controls it as collateral, and they have now established legal certainty that they have absolute power to take it immediately in the event of insolvency, and not your insolvency, but insolvency of the people who secretly gave them your property as collateral. It does not seem possible, but this is exactly what has been done with all tradable financial instruments glob...
May 27, 2025•46 min
"It is important to note that what is exposed here is not conjecture. It is found in authentic primary source documents, in which the planners themselves lay out their plans. ... You are about to be confronted with quite shocking, depressing material. You don’t want to know about this. I don’t even want to know about it." ~ David Rogers Webb What if "The Great Reset" is exactly what it seems? A deliberate plan to subvert the sovereignty of every nation on earth by a system of total monetary and ...
May 22, 2025•1 hr 22 min
"People can use inscriptions today and they do use them. If on the one hand you believe that marginally raising the costs to unwanted usage of the chain is going to succeed in discouraging them, which, fair, we can discuss it. I disagree but we can discuss it. On the other hand, you cannot say that, oh well, making it four times four times more expensive is going to incentivize them to do more of it. They are not compatible arguments. So the OP_RETURN is not an invitation. It's not a signal to V...
May 21, 2025•1 hr 48 min
"You must not work hard for something that somebody else can make an infinite amount of for free at no cost and no contribution. If you are working hard for something, do it for something that is hard to make. That is the point of money. That is the point of society. It is an antithetical to cooperation and basic common sense to work for something. It just means you're working for them. If they can print trillions of it for free, you're just working for them. Stop working for them and use a mone...
May 15, 2025•1 hr 6 min
What if the real issue is actually much deeper than how to deal with spam? Everyone is arguing about mempool settings, who gets to decide the policy, what spam is, can it be filtered, and what the consequences of doing so are on the network. But this all stems from a much more serious and too often ignored issue, something that still seemingly VERY few people are doing anything concrete about: that Bitcoin has no miners, it has hashers and barely a handful of centalized pools that control what g...
May 12, 2025•41 min
In this episode, I break down one of the most contentious mempool debates in Bitcoin’s recent history — the proposed removal of OP_RETURN limits. I explore what the change actually means, why it’s causing such a stir, and what both sides are getting wrong. Is this a technical clean-up or a social signal with dangerous implications? Could it quietly invite back the crypto spam Bitcoin has fought to shed? I do my best to separate the signal from the noise, stealman the arguments, and offer my own ...
May 09, 2025•1 hr
Have you ever been tempted by the glittering world of crypto, with promises of easy money and astronomical gains? This week, I'm diving into a thread from someone who's been in that world for 12 years, detailing all their painful mistakes. From chasing ICOs and getting social engineered out of funds, to buying into DeFi bubbles and getting caught in exchange collapses, their story is a stark reminder of the risks involved. What can we learn from their journey, and how does it highlight the funda...
May 07, 2025•50 min
Bitcoin Core is in the spotlight again — and not in a good way. In this roundtable, Jeff Swann, Simple Steve, Bitcoin Mechanic, and I dig into the growing divide over mempool policies, the latest controversial pull request, and what it means for node sovereignty. Why is Core removing user configurability? Are we witnessing a philosophical shift away from Bitcoin's foundations? And more importantly — who's really in control of your node? This conversation is raw, fiery, and filled with high-level...
May 02, 2025•1 hr 51 min
What if the true barrier to a world of seamless micropayments isn’t technological, but psychological? In this episode of Bitcoin Audible, we revisit Nick Szabo’s classic essay, “The Mental Accounting Barrier to Micropayments,” exploring why even with lightning-fast, low-cost Bitcoin transactions, the smallest payments might never take off as expected. Can new monetization models, AI agents, and value-for-value systems overcome the hidden costs in our minds-or will human cognition always set the ...
Apr 29, 2025•51 min
"For me, the most important war, the thing that we are fighting for in the world today more than anything else for me is the spirit of the West. The spirit of the West has been under attack by globalists, by fucking adversaries, the trader parasite money changer class. That class, whoever the fuck that is, has been looking to destroy the productive spirit and soul of the West in any way that it can. Weaponizing everything from Chinese to fucking Indians to central banks to everything. And if tha...
Apr 24, 2025•1 hr 43 min
New technologies demand a better imagination. Old models will break, and new, unexpected, and wild ideas will replace them. In this episode, I dive into David Bennett’s wild “Forest Walker” concept. Can Bitcoin mining actually tip the scales on ideas that couldn't breach the barrier into economic sustainability? Could a fleet of autonomous, Bitcoin-powered forest robots be the answer to catastrophic wildfires, or is it too much complexity in a world that needs simple solutions? Let’s dig in and ...
Apr 22, 2025•1 hr 13 min
"This over-developed brain wiring supercharged our interest in scarce assets and our drive to obtain them. Behaviorally, this may have amounted to making us weirdos who collected seashells, simply because we couldn’t help but value their special rarity. But as we’ll explore, that odd behavioral quirk may have made all the difference for our species." — Jesse Myers What if the secret to humanity’s dominance wasn’t intelligence or brute strength, but a weird obsession with rare objects? Today we d...
Apr 18, 2025•1 hr 3 min
"All fiat dies because it's a trusted token that governments can arbitrarily change. Every fiat with every single powerful military behind it fell when the entity decided that they were just going to change the rules. And the military didn't protect them, the military protected them abusing the rules from the population. Argentina's military did not protect the Argentine population from hyperinflation. It protected the government from a revolution. The Venezuelan, the Zimbabwean, the huge list o...
Apr 16, 2025•1 hr 56 min
What does financial repression look like in real time — and how are people fighting back with Bitcoin? In this episode, I read the Human Rights Foundation’s Financial Freedom Report #67, a roundup of the latest developments in monetary control, state surveillance, and Bitcoin tools empowering those under authoritarian regimes. From currency collapses in Turkey to smart contract-enforced CBDCs in Russia, we explore the chilling precision of financial control systems being deployed around the worl...
Apr 15, 2025•54 min
Have you ever felt lost in the rabbit hole of Bitcoin? In this episode, I revisit Gigi's "21 Lessons of the Bitcoin Rabbit Hole," diving deep into Chapter 3, which focuses on technology. What makes Bitcoin's technology so revolutionary? How does it invert the power balance of the physical world? We'll explore the cryptography that secures Bitcoin, the importance of decentralization, and the cypherpunk ethos that shaped its creation. Is Bitcoin just another app, or is it the foundation for a new ...
Apr 09, 2025•58 min
In this episode, I revisit Chapter 2 of Gigi's "21 Lessons from the Bitcoin Rabbit Hole," taking another look at the core principles of economics through a Bitcoin lens. We'll explore concepts like inflation, value, and sound money, questioning the traditional financial system along the way. How does Bitcoin challenge our understanding of these concepts? Is it a return to sound money or something entirely new? Tune in for a fresh perspective on these fundamental economic ideas. Check out the ori...
Apr 08, 2025•55 min
Returning to a classic! I revisit Gigi's "21 Lessons of the Bitcoin Rabbit Hole," starting with Chapter 1: Philosophy. What does Bitcoin have to teach us about immutability, scarcity, and identity? Can a digital creation challenge our understanding of the world around us? Join me as I re-explore these foundational ideas and consider what they mean in today's ever-changing landscape. It's always a good time to dust off these fundamentals and ask ourselves if we've really understood the lessons th...
Apr 07, 2025•31 min
If you are looking for real bitcoiners giving their take on all the major news that happened in bitcoin for the past month, you found the right place. This is Guy's Roundtable with collectively more than 50 years of Bitcoin experience. We hit updates on the bitaxe phenomenon, the strategic bitcoin reserve is here, is el salvador throwing in the towel, the IMF is fighting bitcoin, new developments on CBDCs around the world, bitcoin investment from many new institutions, and only a little bit of m...
Apr 03, 2025•2 hr 18 min
What is capital, really? And what happens when Bitcoin forces a repricing of everything we think we know about it? In this reboot episode we're bringing back Capital in the 21st Century by Allen Farrington. A piece that explores the deep connection between money and capital - two concepts often conflated but fundamentally distinct. Farrington dismantles the illusion that money itself is wealth, arguing instead that it is merely a claim on wealth, a liquid mechanism for valuing the things we trul...
Mar 28, 2025•1 hr 9 min
"Not your keys, not your coins." I posit that the corollary to this principle is: 'Your keys, only your coins.' A quantum capable entity breaks the corollary of this foundational principle. We secure our bitcoin with the mathematical probabilities related to extremely large random numbers. Your funds are only secure because truly random large numbers should not be guessable or discoverable by anyone else in the world. It seems almost inevitable, that at some point quantum computing could reach t...
Mar 26, 2025•1 hr 35 min
Bitcoin’s strength lies in its core properties—trust minimization, decentralization, censorship resistance, and more. But what exactly defines these principles, and why do they matter? In this episode, I revisit Jameson Lopp’s What Are the Key Properties of Bitcoin? , a piece that breaks down the fundamental attributes that make Bitcoin what it is. Along the way, I share updated thoughts on how these ideas hold up today, especially in the face of ongoing protocol debates and potential future thr...
Mar 24, 2025•1 hr 15 min
In this episode of Bitcoin Audible, I revisit an important concept that deserves more attention: timeout trees and their potential to revolutionize scaling for the Lightning Network. Based on Shinobi's article, "A Solution to Scaling Lightning," we explore how this innovative proposal leverages CheckTemplateVerify (CTV) to create a simple yet powerful scaling primitive. Could timeout trees be the key to unlocking the next order of magnitude in Lightning's efficiency? I break down the mechanics o...
Mar 21, 2025•49 min
"The last thing we should want to do is the government to print up a bunch of money, which steals from the poor, so that they can buy Bitcoin to enrich us. Or fill up the SBR by seizing coins, which is basically what it is now. The real adoption comes from people actually using it, from individuals and businesses creating circular economies, trading goods and services, increasing the velocity. This is what real Bitcoin adoption is all about." ~ UTXO The irony of posting on Twitter, how Nostr isn...
Mar 20, 2025•1 hr 26 min
What if your heating system could pay you in Bitcoin? In this episode, I read an article exploring the concept of "heat punks"—Bitcoin miners who use their rigs not just to earn sats, but to heat their homes. The article breaks down the economics of mining-as-heating, from upfront costs to the surprising efficiencies that make it viable. Along the way, I add my own thoughts on the practicality of this approach, the trade-offs involved, and what it could mean for the future of energy use. Could m...
Mar 18, 2025•26 min
Life has been hectic lately, but I didn’t want to leave you hanging! While I navigate the joys of parenthood, I’m bringing back a classic - Guy's Take #44 - Bitcoin is Not What you Think it is . What if your understanding of Bitcoin is only scratching the surface? In this episode, I dive into the deeper realities of money itself—how great societies are built on sound money, why money is more foundational than language, and how prices convey critical information rather than being arbitrary. We al...
Mar 13, 2025•1 hr 9 min
Bitcoiners having babies, P2P protocols, Bitcoin price without third parties, mining problems and solutions, stable coins coming back to Bitcoin, massive hacks, shitcoin quacks, and a partridge in a pear tree. Wrapping up February and all the major news with some Bitcoin OGs. Guest Links Steve Simple Nostr (Link: https://tinyurl.com/3s6a8yn8) Steve Simple on X (Link: https://x.com/stevesimple) Bitcoin Mechanic Nostr (Link: https://tinyurl.com/2tm827ut) Bitcoin Mechanic on X (Link: https://x.com/...
Mar 05, 2025•2 hr
Nicholas Dorier brings us a short piece that is very relevant to many of our challenges today, being clear and precise about the definition of the word custody. As we have seen for decades, the political sphere is almost designed to destroy and confuse the definition of words for the explicit purpose of broadening power, and creating enemies and criminals of anyone who gets in their way. But an even greater dilution of the term has come from within, as new "layer 2" systems compete to be seen as...
Mar 03, 2025•30 min
