Bitcoin Audible

"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

"While bitcoin is still mainly seen as digital currency, it’s essentially a timestamped log with special properties. As such, it can be utilised for far more things than payments and store of value. I presented some of the alternative uses several years ago and the list continues to grow. Brian Deery, chief scientist at Factom, wrote an excellent history of time-stamping, in which he argues that a secure timestamped record wasn’t feasible before the existence of secure digital value." — Jameson Lopp Today we dive into another great piece from Jameson Lopp that takes us back to 2016 on understanding the value of Bitcoin's creation of its own sense of time, how it accomplishes it, and why its the most secure blockchain. Check out the original article at : Bitcoin: The Trust Anchor in a Sea of Blockchains 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 ------------------------- "We can only see a short distance ahead, but we can see plenty there that needs to be done." — Alan Turing --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

With so many common misconceptions about money, how can we possibly make sense of Bitcoin for customers who have spent their entire lives using only a single product, and know almost nothing about it? Without even a means to compare one "product" to another, where do we start? Most only understand money from the context of its network utility - ie. How many places can I spend it at - and have no foundational to make a judgement of its *quality,* which must come before its network adoption. We have quite the uphill battle, but we can address the most common mental blocks by reframing the way to look at it. Today we begin our "FUD Busting" Guy's Take series #69 - "But It's Just Digital Points..." -Subscribe to the Youtube channel and my other work on Ai Unchained at the link below: Guy Swann - YouTube Don't forget to follow me on Nostr, and please provide any comments or feedback for the show. It's highly appreciated! 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 ------------------------------- "A man will be imprisoned in a room with a door that's unlocked and opens inwards; as long as it does not occur to him to pull rather than push." — Ludwig Wittgenstein --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

"A successful blind merge mined sidechain with significant MEV opportunities could offer Bitcoin significant benefits, which could more than offset the disadvantages." - "Blind merge mining works by a third party running the sidechain, building sidechain blocks and receiving the sidechain fees. This entity then creates a Bitcoin transaction, which passes on these fees to the Bitcoin miners in the form of Bitcoin transaction fees." — ⁠Bitmex research A trustless, high assurance means of moving Bitcoin into, and out of a side-chain, is essentially the holy grail of Bitcoin scaling. It would change the game and potentially be the last piece of the puzzle for a global, interoperable Bitcoin ecosystem where the entire world could truly and completely "hold their own keys." Are Drivechains the best solution, or is it lacking? The always thorough, Bitmex Research covers a great piece on the ins and outs of Paul Sztorc's Drivechain proposal which he has unrelentingly supported for nearly a decade now. Find out in today's show! Check out the original article from Bitmex research: ⁠Drivechains 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 ------------------------- "Visions are worth fighting for. Why spend your life making someone else's dreams?" — Tim Burton --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

We have an incredible chat today with Pablof7z who is on a mission to make Nostr the global, decentralized marketplace. With highlighter for integrated, universal note taking, data vending machines for micro tasks and shared computing, and using Ai to bring new services and coordination to the ecosystem. Pablof7z dedicates all of his time to building the future. Don't miss our chat in diving down the rabbit hole with him. Links for the many things discussed in the show: • An open system for note taking & sharing - https://highlighter.com/ • Obsidian for organizing them - https://obsidian.md/ • IFTTT for nostr publishing - https://ananostr.com/ • Links to his numerous other projects here - https://pablof7z.com/ Follow Pablo on Nostr - gotnostr.com/pablo Follow Guy on Nostr - npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev 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 ------------------------ "If you hire people just because they can do a job, they’ll work for your money. But if you hire people who believe what you believe, they’ll work for you with blood and sweat and tears." — Simon Sinek --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

Today we delve into a captivating topic, as we explore the potential relationship between AI and evil. My guest Dhruv Bansal brings his profound insights to the forefront as we navigate the depths of this subject. We contemplate the ethical dilemmas that arise when intelligence is harnessed for destructive purposes, and Dhruv expertly unpacks the intricate interplay between AI intelligence, good, and evil, leaving us with a lot to consider about its impact on our lives and the broader world. We go deep as we strive to discern the true nature of intelligence and its potential ramifications on our collective humanity. Guest Links Dhruv on X (Link: https://twitter.com/dhruvbansal) 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)

"Talk to a bitcoin maximalist – someone who believes that bitcoin is the only digital asset with innate value – and, more likely than not, they’ll tell you the world’s oldest cryptocurrency is, in fact, ‘not crypto’ at all. The refrain can be confusing: clearly, bitcoin pioneered the use of cryptography – an ultra-secure type of encryption – with the aim of creating a digital currency. Bitcoin is the archetypal crypto. And yet, in the context of how the digital asset marketplace has evolved since 2009, when bitcoin was created, it’s easy to see why maximalists distance themselves from the more generic term" — Martin Leo Rivers Today we cover some interesting developments from the regulatory landscape. The SEC has officially made statements suggesting that everything in crypto except Bitcoin, is in fact, a security. What does that mean for the space in general, and why is this refrain so common among bitcoiners? Find out in today's read and Guy's take. Check out the original article: Bitcoin Is Not Crypto, The SEC Confirms 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 ------------------------- "Life without liberty is like a body without spirit." — Kahlil Gibran --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

"Bitcoin is often referred to as a secure timestamping service. We never had a global record of truth with trustworthy timestamps, so how did this come about? It’s generally due to Proof of Work being combined to a few simple rules by which miners must abide." — Jameson Lopp Can Bitcoin's sense of time be broken? The security and probabilistic assurances of Bitcoin seem simple on their face, but when you dive a little deeper, there is so often tons of nuance and quiet brilliance to unpack around even a seemingly simple element, like recording what time the block was produced. Jameson Lopp brings us another excellent deep dive into the nature of Bitcoin as a secure timestamp server. What it means, how reliable it truly is, and what it looks like when it breaks. Check out the original article: Bitcoin Timestamp Security 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 ------------------------- “When you want to know how things really work, study them when they're coming apart.” ― William Gibson --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

"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