Bitcoin Audible

"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

"Today Americans celebrate 246 years of independence from the British Empire. On this day in 1776 the Founding Fathers made a declaration. It was a bold and risky action. Never before had a colonial state defeated its overlord, especially at the apex of its global power." — Alex Gladstein For Independence Day and for all those travelers out there I'm bringing back an absolutely amazing piece by the one and only Alex Gladstein. If you haven't heard it, then you are welcome for bringing it back. If you have heard it already... then you are welcome for bringing it back Link to the original where you'll also find Gladstein's other great works: https://bitcoinmagazine.com/culture/bitcoin-and-the-american-idea HAPPY 4TH! 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 ------------------------------- “The price of freedom is eternal vigilance." — Thomas Jefferson --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

"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

We recently had Aleks Svetski back on at Ai Unchained to discuss the project we hinted at in episode 2 that he made public at BTCPrague. The Spirit of Satoshi. A bitcoin centered, custom built LLM intended to encompass the bias, and the perspective of Bitcoin, cypherpunk, Austrian economic point of view. And why this explicit bias is actually a massive feature of Ai that the establishment has misunderstood. Don't miss it. Don't forget to check out the launch page: https://spiritofsatoshi.ai/ And you can get 9% your bitcoin hardware wallet to keep your BTC savings secure with code BITCOINAUDIBLE if you go to: https://coldcard.com And don't forget to check out Ai Unchained if you haven't. There will be much more content available on the youtube channel with tutorials and breakdowns of various tools I make use of in the future. Subscribe and stay tuned: https://www.youtube.com/channel/UClG-wqz-OuXfzbpqwJd3fVA --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

"Neither a startup nor a bank will ever be able to cost-effectively compete on a global scale with the Lightning Network." — Graham Krizek Today we hit a really interesting piece from the founder and CEO of Voltage digging into the recent decades development of every tech company moving to in-house financial instruments and cards. What the problems are that they have sought to get around, why they still get stuck with a plethora of other banking intermediaries, and why lightning not only offers very unique solutions, but also benefits that the fiat alternative can't fundamentally do. Lightning feels like its positioned for another exciting period of growth. Don't miss this short read from Krizek followed by a Guy's Take on why every company, will be a lightning company. Link to the article on Medium, Every Company Will Be A Lightning Company | by Graham Krizek: https://medium.com/@graham_krizek/every-company-will-be-a-lightning-company-806576920064 Guy's Nostr Pubkey: npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev • 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 ------------------------------- "Rather than love, than money, than fame, give me truth." — Henry David Thoreau --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message