Bitcoin Audible

"Bitcoin represents the explicit encoding of previously implicit values of the tech community. It's not just software — it is a Schelling point and a symbol. As such, it will become widely recognized as the flag of technology over the course of the 2020s." — ⁠Balaji S. Srinivasan Today we cover another read from Anil's Bitcoin Essentials list, this time from Balaji Srinivasan. Balaji has a way with words and always brings a unique, high level mental frame to how the world is unfolding. He seems to have a gift of talking about the current state of the world, as if he is seeing it through the lens of history. With that perspective, he examines the aggressive technological shifts and the Bitcoin system to parse out the values of each, and explain, in his words, why he believes Bitcoin will become the flag for the technological revolution. Check out the original article: Bitcoin becomes the Flag of Technology Links: Anils reading list: Essential Bitcoin Essays: A Reading List Link to rap battle: Bitcoin Rap Battle Debate: Hamilton vs. Satoshi (BITCOIN GIVEAWAY) [feat. EpicLloyd, TimDeLaGhetto] - YouTube Balaji's Twitter: @balajis A huge thanks to our sponsors, and don't forget to check out the offers for the listeners of this show! Code BITCOINAUDIBLE gets 9% off the ColdCard! ⁠⁠https://bitcoinaudible.com/coldcard⁠⁠ Debit card with Sats Back on EVERYTHING: ⁠⁠bitcoinaudible.com/fold⁠⁠ Buy Bitcoin at ⁠⁠https://swanbitcoin.com/guy⁠⁠ ------------------------- --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

"Some networks are “smart.” They offer sophisticated services that can be delivered to very simple end-user devices on the “edge” of the network. Other networks are “dumb” — they offer only a very basic service and require that the end-user devices are intelligent. What’s smart about dumb networks is that they push innovation to the edge, giving end-users control over the pace and direction of innovation. Simplicity at the center allows for complexity at the edge, which fosters the vast decentralization of services.Surprisingly, then, “dumb” networks are the smart choice for innovation and freedom." — Andreas Antonopolous Today we read another "Bitcoin classic" that deserves a place on the Bitcoin Audible catalog. Back from 2015, Andreas writes an incredible piece, still fundamental to understanding Bitcoin and the nature of decentralization to this day, why "dumb" networks are better. What does he mean by this, and why would a dumb network foster innovation, where a smart network stifles it? Don't miss this essential piece of Bitcoin history. Andreas' Website: https://aantonop.com/ Anil's reads list: Essential Bitcoin Essays: A Reading List Check out the original article: ⁠Decentralization: Why Dumb Networks Are Better⁠ - Foundation for Economic Education⁠ A huge thanks to our sponsors, and don't forget to check out the offers for the listeners of this show! Code BITCOINAUDIBLE gets 9% off the ColdCard! ⁠https://bitcoinaudible.com/coldcard⁠ Debit card with Sats Back on EVERYTHING: ⁠bitcoinaudible.com/fold⁠ Buy Bitcoin at ⁠https://swanbitcoin.com/guy⁠ ------------------------- “Liberty is not merely one particular value…it is the source and condition of most moral values. What a free society offers to the individual is much more than what he would be able to do if only he were free.” — F.A. Hayek --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

"The obsession with consumer payments in the Bitcoin community is an unfortunate relic of the fiat money era. Generations that have only known monetary hot potatoes that need to be spent before they devalue have come to view life as a quest of mass consumption." — Saifedean Ammous Today we hit an historical piece from the one and only Saifedean on the economics of Bitcoin for global settlement. While so many fail to recognize the deeper value of money, rather than the shallow service of payments, Saif breaks down the fundamental value of Bitcoin's incredible settlement assurances, and the economics that will dominate the system's use in the future. A classic from the Nakamoto Institute. PS. Yes, I know I skipped a number so we are fixing that today. XD Heck out the original article plus the incredible list of phenomenal knowledge available at the Nakamoto Institute: https://nakamotoinstitute.org/mempool/economics-of-bitcoin-as-a-settlement-network/?ref=teachingbtc.com Anil's reads list: Essential Bitcoin Essays: A Reading List A huge thanks to our sponsors, and don't forget to check out the offers for the listeners of this show! Code BITCOINAUDIBLE gets 9% off the ColdCard! https://bitcoinaudible.com/coldcard Debit card with Sats Back on EVERYTHING: bitcoinaudible.com/fold Buy Bitcoin at https://swanbitcoin.com/guy ------------------------- "Nowadays people know the price of everything and the value of nothing." — Oscar Wilde --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

"To do our best to minimize the economics jargon once again, we might simply ask: what are you going to do with your time? Are you going to create or consume? And how do the characteristics of money, as the salable representation of that time, influence your decision? I sincerely believe that this is the killer app for Bitcoin: pricing capital. If there were ever a time to say that Bitcoin Fixes This, here it is." — Allen Farrington On the announcement of AxiomBTC, Allen Farrington writes an incredible introductory paper on the concept behind their project and what the true purpose and power of Bitcoin really is. This is how we take Bitcoin into the future, this is how we let Bitcoin allocate resources to fix the problems of our fiat world. And don't miss the intense Guy's Rant that Allen's work always seems to inspire... Check out the original article at: Capital in the 21st Century — Axiom A huge thanks to our sponsors, and don't forget to check out the offers for the listeners of this show! Code BITCOINAUDIBLE gets 9% off the ColdCard! https://bitcoinaudible.com/coldcard Debit card with Sats Back on EVERYTHING: bitcoinaudible.com/fold Buy Bitcoin at https://swanbitcoin.com/guy ------------------------- "Growth for the sake of growth is the ideology of the cancer cell." — Edward Abbey --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

"While many of the innovations in the space are new, they’re built on decades of work that led to this point. By tracing this history, we can understand the motivations behind the movement that spawned bitcoin and share its vision for the future." Context matters. If you don't know the history of the cypherpunks and where we are coming from. Then you may not really know where we are today. Listen to Lopp's amazing piece from 2016, Bitcoin & the Rise of the Cypherpunks. Check out the original article at: Bitcoin and the Rise of the Cypherpunks A huge thanks to our sponsors, and don't forget to check out the offers for the listeners of this show! • Code BITCOINAUDIBLE gets 9% off the ColdCard! https://bitcoinaudible.com/coldcard⁠⁠⁠⁠⁠⁠⁠⁠ • Debit card with Sats Back on EVERYTHING: bitcoinaudible.com/fold ⁠⁠⁠⁠⁠⁠⁠• Buy Bitcoin at https://swanbitcoin.com/guy ------------------------------- “All political theories assume…that most individuals are very ignorant. Those who plead for liberty differ…in that they include among the ignorant themselves as well as the wisest.” — F.A. Hayek --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

"Since 1800, in 51 out of 52 cases where a country’s debt-to-GDP ratio reached 130%, the country eventually defaulted. The only exception is current Japan, who is frankly in the final stages of circling the drain (e.g., central bank asset purchases and yield curve control). Where is the US now? 129% debt-to-GDP." — Jesse Myers Don't miss this excellent breakdown and visual analogy for the state of government debt and the promises of the US Treasury and the impossibility of a stable or growing value of the dollar in the future. The debt will be paid, in nominal terms, but the ability to hide the value loss in inflation overseas, is not holding up. Then add to this the BRICS nations establishing an eastern block of economic and monetary power... and you have a recipe for fire. Hope you aren't invested in wood... Check out the article and the many other great links mentioned in the show: The Bondholder's Burning Platform - by Jesse Myers: https://www.onceinaspecies.com/p/the-bondholders-burning-platform The Capital Strip Mine: https://open.spotify.com/episode/6ifbWDnYHRGxrhd1NPv4BS?si=4da8844065a74db1 Read_587 - Bitcoin & The American West: https://open.spotify.com/episode/0yEVCnBkTHT4IL01hEwTGe?si=c131120a77d34283 Read_512 - Why The Yuppie Elite Dismiss Bitcoin: https://open.spotify.com/episode/0opbypclyNDF1GtwiL6Nbo?si=7d426c81415a43b8 A huge thanks to our sponsors, and don't forget to check out the offers for the listeners of this show! • Code BITCOINAUDIBLE gets 9% off the ColdCard! https://bitcoinaudible.com/coldcard⁠⁠⁠⁠⁠⁠⁠⁠ • Debit card with Sats Back on EVERYTHING: bitcoinaudible.com/fold ⁠⁠⁠⁠⁠⁠⁠• Buy Bitcoin at https://swanbitcoin.com/guy ------------------------------- "All that is gold does not glitter, Not all those who wander are lost." — J.R.R. Tolkien --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

Ai agents are going to be able to seek out, delegate, and pay for micro services from an ecosystem of other agents & services. But the resources being share will be delivered instantly, and irreversibly in the form of compute cycles. Only an instant, bearer, and irreversible payment method that scales massively will be able to meet the demands and provide a backbone for the economy of Ai exchange. In this Guy's Take episode, I argue why I think Lightning is going to eat ALL of this ecosystem, and why fiat is incompatible. This is Guy's Take #68 - Lightning & the Ai Economy... Definitely don't miss the conversation that got me headed down this rabbit hole on Ai Unchained: https://youtu.be/hI19IaODZPA Bobby's thread with further links to explore on Twitter: https://twitter.com/iBobbyShell/status/1671485924218228737?s=20 More resources to explore on this topic: https://lightning.engineering/posts/2023-07-05-l402-langchain/ A huge thanks to our sponsors, and don't forget to check out the offers for the listeners of this show! • Code BITCOINAUDIBLE gets 9% off the ColdCard! https://bitcoinaudible.com/coldcard⁠⁠⁠⁠⁠⁠⁠⁠ • Debit card with Sats Back on EVERYTHING: bitcoinaudible.com/fold ⁠⁠⁠⁠⁠⁠⁠• Buy Bitcoin at https://swanbitcoin.com/guy ------------------------------- --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

Celebrate independence with a deep dive into financial freedom on this special day. The discussion contrasts America's founding ideals with its historical realities, such as slavery and imperialism. Bitcoin emerges as a modern tool to realign with these principles, promoting monetary sovereignty and challenging authoritarianism. Personal stories highlight its transformative potential, especially in marginalized communities. Reflecting on the complexities of liberty, this conversation emphasizes Bitcoin as a beacon for the ongoing quest for justice and freedom.

"So we had built this for a while, but because API calls are basically free, there really wasn't a good match for it. There were some good matches for it and people would do it, but as they were doing it, it was like 'I can do it this way, but I can also do it with dollars.' This is kind of a really interesting paradigm when it comes to Ai stuff is that there's basically 3 or 4 different aspects of Ai that make it so you cannot use credit card relationships to solve the monetization problems there. But you can with Bitcoin and Lightning as it exists today, not requiring any changes to the protocol..." ~ Kody Low  Today we dive into an incredible conversation with Kody Low from Fedi, who is hosting the Ai4All hackathon and believes he has found a solution to an increasingly huge, and seemingly impossible problem within Ai, that you can no longer distinguish human from robot online. What happens when Ai can create an infinite number of new identities? Is this the end of the open internet? find out in this awesome episode.   Links to the content mentioned on the show to check out Andre Karpathy - Let's build GPT: from scratch, in code, spelled out (Link: https://www.youtube.com/watch?v=kCc8FmEb1nY⁠⁠) Brian Roemmelle on X (Link: https://twitter.com/BrianRoemmele) ChatGPT and the Dawn of Computerized Hyper-Intelligence | Brian Roemmele | EP 357 (Link: https://www.youtube.com/watch?v=S_E4t7tWHUY⁠⁠) GPT4ALL - A free-to-use, locally running, privacy-aware chatbot. No GPU or internet required (Link: https://gpt4all.io/index.html) Fedi - Community money, chat, and more (Link: https://www.fedi.xyz/) Stakwork.ai - With business process automation that integrates an always-on network of cloud sourced workers, it doesn’t have to. | Stakwork | A New Way to Get Work (Link: https://stakwork.ai/) Join the Hackathon! Follow everything going on in the Ai4All tournament or become a builder yourself (Link: http://tinyurl.com/35yzcn9b)  Guest Links Kody Low on X (Link: https://twitter.com/kodylow) Host Links ⁠Guy on Nostr ⁠(Link: http://tinyurl.com/2xc96ney) ⁠Guy on X ⁠(Link: https://twitter.com/theguyswann) Guy on Instagram (Link: https://www.instagram.com/theguyswann) Guy on TikTok (Link: https://www.tiktok.com/@theguyswann) Guy on YouTube (Link: https://www.youtube.com/@theguyswann) ⁠Bitcoin Audible on X⁠ (Link: https://twitter.com/BitcoinAudible) The Guy Swann Network Broadcast Room on Keet (Link: https://tinyurl.com/3na6v839) Check out our awesome sponsors! Fold: The best way to buy, use, and earn #Bitcoin on everything you do! Sats back on your debit card, gift cards, auto-buys, round-ups, you name it. Fold is the true bitcoiner's banking. Get 20K sats for FREE using referral code bitcoinaudible.com/fold Ready for best-in-class self custody? Get the Jade here and use discount code 'GUY' to get 10% off (Link: bitcoinaudible.com/jade) Trying to BUY BITCOIN? River, secure, trusted, bitcoin only, lightning enabled, simple. (Link: https://bitcoinaudible.com/river) Bitcoin Games! Get 10% off the best Bitcoin board game in the world, HODLUP! Or any of the other great games from the Free Market Kids! Use code GUY10 at checkout for 10% off your cart! (Link: https://www.freemarketkids.com/collections/games-1) Bitcoin Custodial Multisig Want to get into Bitcoin but not ready for self custody? Use custodial multisig for the best way to distribute trust across multiple institutions and even jurisdictions! Check out OnRamp. (Link: BitcoinAudible.com/onramp) Education & HomeSchooling   Get the lesson in real economics that you never got in school, and teach your kids the truth, not the statist insanity that is Keynesianism. Liberty Classroom is the invaluable resource you are looking for! (Link: BitcoinAudible.com/Liberty)

"Your barber or stylist likely has the broadest network of anyone you know. People from every walk of life, including business owners, accountants, teachers, firefighters and politicians, sit in their chairs, sometimes for hours. It is likely that no one else in your sphere of influence has the amount of time and trust to help others learn about and understand Bitcoin." — Hector Alvero We dive into a great, succinct Bitcoin Magazine article today on a surprisingly ripe, yet untapped resource for orange pilling. By focusing on the cultural mavens, those with the broadest networks and a unique environment for sharing ideas, could there be a shortcut to hyperbitcoinization? Hector makes a decent case that there might jsut be... • Code BITCOINAUDIBLE gets 9% off the ColdCard! https://bitcoinaudible.com/coldcard⁠⁠⁠⁠⁠⁠⁠⁠ • 100,000 FREE SATS until the end of June for simply trying -- no subscription, no obligation -- the Fold debit card at ⁠⁠⁠⁠⁠⁠⁠https://bitcoinaudible.com/fold⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠• Buy Bitcoin at https://swanbitcoin.com/guy⁠⁠⁠⁠⁠⁠⁠ ------------------------------- “That is the paradox of the epidemic: that in order to create one contagious movement, you often have to create many small movements first.” ― Malcolm Gladwell --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message