Bitcoin Audible

Today we sit down with Utxo, founder of Nodeless, on understanding the design space for Bitcoin services, the challenges of making Bitcoin accessible and streamlined for everyone, and a vision of how the future may unfold. Don't forget to check out Nodeless.io/guy and if you setup your donation page, post it on social, and tag me, I'll be your first 10,000 sat donation! And don't forget to check out our incredible sponsors and their offers for the audience! • The easy, KYC free integration for Bitcoin and Lightning into everything online with ⁠https://nodeless.io/guy⁠ • 100k FREE sats by simply signing up with my link below: ⁠https://bitcoinaudible.com/Fold⁠ • And you can get 9% your bitcoin hardware wallet to keep your BTC savings secure with code BITCOINAUDIBLE if you go to: ⁠https://bitcoinaudible.com/coldcard⁠ ------------------------ "There are no solutions. There are only trade offs." — Thomas Sowell --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

"It means that, given an open-source model, this could help bring about the ability to: Independently calculate the price of bitcoin using only your full node at any block height Develop genuine DeFi applications without the need for (or without sole reliance upon) trusted third-party price oracles" — Daniel Hinton & Steve Jeffress What if we could know, within a 1% precision, what the price of Bitcoin is, by only using your full node, and no other source of data? How useful could that be in protecting you from false data streams, or for building applications and decentralized marketplaces that could hedge and settle capital in BTC, according to its USD value? If you've been excited about potential solutions to the decentralized market problem, UTXOracle is not one to dismiss. Check out the original article at: The UTXOracle Model Links: utxo.live - suredbits A huge thanks to our sponsors, and don't forget to check out the offers for the listeners of this show! 9% off the Coldcard with code BITCOINAUDIBLE, ⁠⁠⁠⁠⁠bitcoinaudible.com/coldcard⁠⁠⁠⁠⁠ Check out the KYC Free, simple, no management, Bitcoin merchant solution, ⁠⁠⁠⁠⁠Nodeless.io/guy⁠⁠⁠⁠⁠ Get 50,000 free sats, plus sats back on everything you buy by signing up with Fold and the Spin+ Debit Card. ⁠⁠⁠⁠⁠bitcoinaudible.com/fold⁠⁠⁠⁠⁠ ------------------------- “No great discovery was ever made without a bold guess.”  ― Isaac Newton --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

A deflationary money is going to destroy the economy! If the value of money keeps going up, then no one will ever spend it! If no one spends it, then the economy will fall into a depression and it will never escape... at least, this is what we are told. How is it that a sound money system with no special privilege and with no printing machine has been equated with the collapse of the economy? How is it that stuff getting more affordable, has been equated with nobody ever buying anything? How have we been led to believe, that someone else's monopoly privilege to print OUR money, is the SOURCE of our wealth and prosperity?  What if, and hear me out, deflationary money is a boon to the economy, is a huge boost to economic activity, and that a sound money doesn't even go up in value, unless real growth is actually occurring? And what if we could frame this in such a way that it is completely self-evident and sitting right in front of us all the time?  It's time for a Guy's Take episode, the second in the FUD relief series, "But Deflation is Bad…” Links mentioned in the show: WTF happened in 1971 Why your dollar ain't shit A huge thanks to our sponsors! Do not 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 ------------------------------- “I would rather be exposed to the inconveniences attending too much liberty than to those attending too small a degree of it.”  ― Thomas Jefferson --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

"Everything about the concept of a social network and the incredible potential and beauty of #nostr as a protocol is in controlling your experience, what content you see, and how you see it. This is literally the entire point of having follows, followers, and reposts in the first place. It's at the core of the very notion of what social media is." — Guy Swann Should we be running from the dreaded "algorithms" of social media giants, or should we be thinking about them differently? A short article exploring a big opportunity in decentralized social protocols. Subscribe so you don't miss the FUD Series Guy's Take coming up soon. Check out the original article at: Habla A huge thanks to our sponsors, and don't forget to check out the offers for the listeners of this show! 9% off the Coldcard with code BITCOINAUDIBLE, ⁠⁠⁠⁠⁠bitcoinaudible.com/coldcard⁠⁠⁠⁠⁠ Check out the KYC Free, simple, no management, Bitcoin merchant solution, ⁠⁠⁠⁠⁠Nodeless.io/guy⁠⁠⁠⁠⁠ Get 50,000 free sats, plus sats back on everything you buy by signing up with Fold and the Spin+ Debit Card. ⁠⁠⁠⁠⁠bitcoinaudible.com/fold⁠⁠⁠⁠⁠ ------------------------- '“Be yourself; everyone else is already taken.”  ― Oscar Wilde --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

"When discussing consensus mechanisms for different cryptocurrencies, one issue that often causes arguments is a lack of understanding (and definition) of the security model that they provide for the historical data in the ledger." — Jameson Lopp Today we have another blast from the past with a deep dive into Bitcoin's security model from Jameson Lopp. The most fascinating thing about this piece is that if understood properly, it gives understanding into why many of the following years in Bitcoin played out the way they did. If you want to truly understand Bitcoin, this needs to be part of your reading list.  Check out the original article at: ⁠Bitcoin’s Security Model: A Deep Dive Links: Anatomy of Proof of Work [Part 1 - Hugo Nguyen] A huge thanks to our sponsors, and don't forget to check out the offers for the listeners of this show! 9% off the Coldcard with code BITCOINAUDIBLE, ⁠⁠⁠⁠⁠bitcoinaudible.com/coldcard⁠⁠⁠⁠⁠ Check out the KYC Free, simple, no management, Bitcoin merchant solution, ⁠⁠⁠⁠⁠Nodeless.io/guy⁠⁠⁠⁠⁠ Get 50,000 free sats, plus sats back on everything you buy by signing up with Fold and the Spin+ Debit Card. ⁠⁠⁠⁠⁠bitcoinaudible.com/fold⁠⁠⁠⁠⁠ ------------------------- “I don’t know anything, but I do know that everything is interesting if you go into it deeply enough.” – Richard Feynman --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

"I believe it’s important to go back to what this sovereignty is made of. Bitcoin works because an economic majority is aligning incentives for every constituent of the network. The longer tail of the economic distribution may choose to run a node and validate consensus but ultimately consensus follows the money." — ⁠ Alex B. Today we close out the lengthy back and forth over the evolutionary path of Bitcoin to a billion + users. Alex B brings us a great followup with a less technical and more abstract understanding of the security model of Bitcoin itself and collaborative custody, through the lens of the economic majority enforcing the honesty of all players. Don't miss another great read.  Check out the original article at : ⁠A sound Bitcoin financial system. A sound Bitcoin financial system | by Alex B. | Aug, 2023 | Medium Links to the other articles in this series and those mentioned in the Guy's Take: Read_760 - Drivechain's Place in Bitcoin's Future - Bitcoin Audible | Podcast on Spotify Read_758 - Scaling and Consensus Changes [James O'Beirne⁠] - Bitcoin Audible | Podcast on Spotify] Read_757 - Putting the B in BTC [Anthony Towns] - Bitcoin Audible | Podcast on Spotify Read_755 - Drivechains - Bitcoin Audible | Podcast on Spotify Chat_80 - Building the Ark with Burak - Bitcoin Audible | Podcast on Spotify A huge thanks to our sponsors, and don't forget to check out the offers for the listeners of this show! 9% off the Coldcard with code BITCOINAUDIBLE, ⁠⁠⁠⁠⁠bitcoinaudible.com/coldcard⁠⁠⁠⁠⁠ Check out the KYC Free, simple, no management, Bitcoin merchant solution, ⁠⁠⁠⁠⁠Nodeless.io/guy⁠⁠⁠⁠⁠ Get 50,000 free sats, plus sats back on everything you buy by signing up with Fold and the Spin+ Debit Card. ⁠⁠⁠⁠⁠bitcoinaudible.com/fold⁠⁠⁠⁠⁠ ------------------------- “Man cannot discover new oceans unless he has the courage to lose sight of the shore.”   ― Andre Gide --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

"To not die, Bitcoin must become more used. The current thesis accepted by most “maximalists” is that Bitcoin will continue to be thought of as an investment and its price will keep increasing, the price movements will bring more attention to it in a virtuous cycle. Eventually enough people will want to hold it so they will start accepting it as a payment for goods and services and then it can start to be used as money." Today we dive into Fiatjaf's contribution to the sidechains, drivechains and scaling bitcoin to billions series as a follow up to James Obeirne's piece. Bitcoin can still fail, but what would make bitcoin fail and how can we avoid it? Is there a solution we've been sitting on untapped? Could drivechains prevent the undesirable future where the whole world simply ends up trusting custodians? Let's explore in today's episode. Check out the original article at: ⁠ The place of Drivechain in Bitcoin’s future – Fiatjaf If you haven't been following this article series, then don't forget to check out last few reads for context at the links below: James OB - Anthony towns - Blockstream - Drivechains Check out our awesome sponsors and the offers they have for the Audible crew! 9% off the Coldcard with code BITCOINAUDIBLE, ⁠⁠⁠⁠⁠bitcoinaudible.com/coldcard⁠⁠⁠⁠⁠ Check out the KYC Free, simple, no management, Bitcoin merchant solution, ⁠⁠⁠⁠⁠Nodeless.io/guy⁠⁠⁠⁠⁠ Get 50,000 free sats, plus sats back on everything you buy by signing up with Fold and the Spin+ Debit Card. ⁠⁠⁠⁠⁠bitcoinaudible.com/fold⁠⁠⁠⁠⁠ ------------------------- "One of the sad signs of our times is that we have demonized those who produce, subsidized those who refuse to produce, and canonized those who complain."  — Thomas Sowell --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

"Often overlooked is the importance of interoperability between not only the second-layer protocol and Bitcoin but the layer-2 protocols themselves. A second layer, where end-users can leverage several protocols together and move seamlessly between them, creates a healthier, more resilient financial system and an overall better user experience—both essential for mass adoption."— ⁠Chase Smith Today we shift back to the current layer 2 protocols to take note of the tools and ideas around making the entire ecosystem interoperable. How do we make Fedimint, Liquid, Lightning, and Bitcoin on chain all work seamlessly to give the user the greatest benefits of each without needing the complications Check out the original article at : Blockstream - ⁠Increasing Interoperability Between Bitcoin’s Second-Layer Protocols Follow Guy and Chase on Nostr. Find out about the Breez SDK and Making Every App a Lightning App in preparation of our chat with Roy: Read_732 - We Need More Apps With Lightning, Not More Lightning Apps [Roy Sheinfeld] - Bitcoin Audible | Podcast on Spotify A great way to support the show is to check out our amazing sponsors: 9% off the Coldcard with code BITCOINAUDIBLE, ⁠⁠⁠⁠⁠bitcoinaudible.com/coldcard⁠⁠⁠⁠⁠ Check out the KYC Free, simple, no management, Bitcoin merchant solution, ⁠⁠⁠⁠⁠Nodeless.io/guy⁠⁠⁠⁠⁠ Get 50,000 free sats, plus sats back on everything you buy by signing up with Fold and the Spin+ Debit Card. ⁠⁠⁠⁠⁠bitcoinaudible.com/fold⁠⁠⁠⁠⁠ ------------------------- “The worthwhile problems are the ones you can really solve or help solve, the ones you can really contribute something to. No problem is too small or too trivial if we can really do something about it.” – Richard Feynman --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

"When reading a draft of this post, my wife got kind of depressed right around here. Her macabre question, basically, is: “if everyone just winds up interacting with sidechains, and not Real Bitcoin, hasn’t the whole thing failed? At every point you’re dealing with some token that isn’t really bitcoin." — James O'Beirne⁠ Continuing the thread of discussions in a series of articles on sidechains and trying to frame our thinking for a Bitcoin future where billions can take advantage of its sovereignty, inflation resistance, and security, we dive into James O'Beirne's follow up to Anthony town's article in read 757. If we are all stuck in sidechains and semi-custodial systems, then did we actually fix anything, or was the whole idea a failure from the start? Check out the original article at : Thoughts on scaling and consensus changes (2023) - Protocol Design - Delving Bitcoin If you missed the previous episode, it lays important context for today's read: Read 757 Don't forget to check out our amazing sponsors! 9% off the Coldcard with code BITCOINAUDIBLE, ⁠⁠⁠⁠⁠bitcoinaudible.com/coldcard⁠⁠⁠⁠⁠ Check out the KYC Free, simple, no management, Bitcoin merchant solution, ⁠⁠⁠⁠⁠Nodeless.io/guy⁠⁠⁠⁠⁠ Get 50,000 free sats, plus sats back on everything you buy by signing up with Fold and the Spin+ Debit Card. ⁠⁠⁠⁠⁠bitcoinaudible.com/fold⁠⁠⁠⁠⁠ ------------------------- "The chief evil is unlimited government…nobody is qualified to wield unlimited power.” — F.A. Hayek --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

"The headroom there isn’t unlimited — expect it to show up as fee pressure and backlogs and less ability to quickly resolve transaction storms. And that will in turn make it hard and expensive for people with small stacks to continue to do self-custody on the main chain. At that point, acquiring new high value users means pricing out existing low value users." — Anthony Towns It's officially Sidechain Week! Because today Anthony Towns takes us through an thought experiment that sets our current best understanding of the scaling problem and the best technological path we have to solve it, as a foundation to see what a Bitcoin future with billions of users really looks like, and what we should expect in the transition to that future. A great piece that will be very useful for our continued discussion of the tools we have to conquer this problem. Check out the original article at : Putting the B in BTC Links: - Anthony Towns Twitter - Guy's Take #55 - On the Economics of CTV Batching, & Where I was Wrong - Bitcoin Audible | Podcast on Spotify - Want to get a head start on a coming read? Thoughts on scaling and consensus changes (2023) - Protocol Design - Delving Bitcoin - Towns' piece on what the key values of Bitcoin are: Inamerrata » Blog Archive » Zeitgeist. A huge thanks to our sponsors, and don't forget to check out the offers for the listeners of this show! 9% off the Coldcard with code BITCOINAUDIBLE, ⁠⁠⁠⁠⁠bitcoinaudible.com/coldcard⁠⁠⁠⁠⁠ Check out the KYC Free, simple, no management, Bitcoin merchant solution, ⁠⁠⁠⁠⁠Nodeless.io/guy⁠⁠⁠⁠⁠ Get 50,000 free sats, plus sats back on everything you buy by signing up with Fold and the Spin+ Debit Card. ⁠⁠⁠⁠⁠bitcoinaudible.com/fold⁠⁠⁠⁠⁠ ------------------------- "Don’t underestimate the power of vision and direction. These are irresistible forces, able to transform what might appear to be unconquerable obstacles into traversable pathways and expanding opportunities. Strengthen the individual. Start with yourself. Take care with yourself. Define who you are. Refine your personality. Choose your destination and articulate your Being. As the great nineteenth-century German philosopher Friedrich Nietzsche so brilliantly noted, “He whose life has a why can bear almost any how." — Jordan B. Peterson --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message