Bitcoin Audible

"Today no money in the world fully performs all three services. National currencies are being used as means-of-payment and standard-of-value money, b u t none in this inflationary age is an assured store-of-value money. In fact, a foremost concern to voters and politicians everywhere is that so many currencies are so rapidly losing their value in terms of commodities and services. Commodities like gold and silver, which are being used as store-of-value money, are not being used as either means-of-payment or standard-of-value money. Thus the world we have so long known, in which most currencies were redeemable at a fixed price in a store-of-value money like gold, is in disarray." - John Exter, at AIER Today we take a trip into the past, back to 1972 for an image of what happened to money so we can rid ourselves of our normalcy bias and see our current monetary age for what it truly is: a volatile, failed experiment in baseless, politically manipulated currency that is stepping into its endgame. And also to see Bitcoin for what it truly is: the first money to be both digital and have the fully necessary characteristics to serve all major functions of a sound and global monetary good as we have had in over a century. With that, let's dive in... Mentioned in the episode for exploring more ideas around bitcoin terminology and fundamentals: The Words We Use in Bitcoin: https://open.spotify.com/episode/47GHmnqX6a8Yjv4zRL7K7z?si=a01120b0b40e420c Don't forget to leave any feedback at the links below and/or boost and comment on the Fountain app at fountain.fm Don't forget to check out our amazing sponsors: • Dive into the Bitcoin only wallet, the cypherpunk calculator, and a company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 9% off everything in your cart! (https://guyswann.com/coldcard) • Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 20,000 FREE SATS! at (https://guyswann.com/fold) • The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (https://swanbitcoin.com/guy) -------------------------------------- "Lenin was certainly right. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose.” – John Maynard Keynes Learn more about your ad choices. Visit megaphone.fm/adchoices --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

Sure, everyone tells me that bitcoin is a new technology. That it's magic money for the internet and tokens you can buy and stick in an app that will probably be worth more later. But seriously... what the hell does all of that mean? I get that Bitcoin is a thing, but 'What is it?' Well let's get into it, with the first episode of Bitcoin Basics. Other episodes & works mentioned to dive deeper into these ideas are linked below: Guy's Take #44 - Bitcoin is Not What you Think it is Read_000 - The Bitcoin Whitepaper Layered Money 21 Lessons: What I've Learned from Falling Down the Bitcoin Rabbit Hole Read_660 - Bitcoin is Digital Scarcity Don't forget to leave any feedback at the links below and/or boost and comment on the Fountain app at fountain.fm Don't forget to check out our amazing sponsors: • Dive into the Bitcoin only wallet, the cypherpunk calculator, and a company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 9% off everything in your cart! (https://guyswann.com/coldcard) • Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 20,000 FREE SATS! at (https://guyswann.com/fold) • The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (https://swanbitcoin.com/guy) -------------------------------------- "Bitcoin is peer to peer in every sense; it is so by design and it could not be any other way. As free and open source, it is peer-to-peer software; as consensus-driven software, it is a peer-to-peer protocol; as a censorship-resistant protocol, it is a peer-to-peer app; as a distributed app, it is a peer-to-peer network; as a communications network, it is a peer-to-peer language; and as a peaceful language, it is a peer-to-peer community." – Allen Farrington & Sacha Meyers. Bitcoin is Venice Learn more about your ad choices. Visit megaphone.fm/adchoices --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

"All of this is important because there has been a resurrection of Burns-type positions in the current debate about the cause of higher inflation rates. Senator Elizabeth Warren blames the rising inflation on greedy corporations raising their prices. Others have blamed rising prices on the greater prevalence of monopolies. Antitrust is apparently an anti-inflation tool. Make no mistake, these ideas are wrong. A belief that greed is responsible for inflation requires a belief that firms waited 40 years to collectively and simultaneously raise prices—an amazing level of planning and discipline." - Joshua Hendrikson ITs important to have context and break through the noise when it comes to the inflation debate. As it becomes a dominant talking point in politics, media, and on Twitter, it's important to be able to identify and understand the principles being argued about, because almost everyone will be arguing form a set of premises that simply aren't true. So let's dive into this report and explore. Check out the link below to Josh's other works: https://www.mercatus.org/scholars/joshua-r-hendrickson Plus the Guy's Take mentioned in the show exploring an analogy of the boom and bust cycle: https://open.spotify.com/episode/0W5Yp0gwFGK87qAJurULR0?si=b19e940d911245d7 Don't forget to check out our amazing sponsors: • Dive into the Bitcoin only wallet, the cypherpunk calculator, and a company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 9% off everything in your cart! (https://guyswann.com/coldcard) • Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 50,000 FREE SATS! at (https://guyswann.com/fold) • The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (https://swanbitcoin.com/guy) -------------------------------------- "The most important thing to remember is that inflation is not an act of God, that inflation is not a catastrophe of the elements or a disease that comes like the plague. Inflation is a policy." – Ludwig Von Mises Learn more about your ad choices. Visit megaphone.fm/adchoices --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

"Last night, lightning struck our house and burned it down. I escaped wearing only my nightclothes. In an instant, everything was vaporised. Laptop? Cinders. Phone? Ashes. Home server? A smouldering wreck. Yubikey? A charred chunk of gristle. This presents something of a problem." – Edent Today we read a story told from the perspective of someone who's entire life changed by the strike of lightning, and suddenly they were locked out of everything. A great short read to start thinking about the failure modes of our security setup, and which definitely got me to reconsider a couple of elements of my own system. With more and more of our value digital, this is increasingly important. Check out the original with lots of comments and other things to explore at the link below: https://shkspr.mobi/blog/2022/06/ive-locked-myself-out-of-my-digital-life/ Mentioned in the episode for further listening: Another Way to Think of Bitcoin's Value: https://open.spotify.com/episode/5d8O5XztARIi0eI7lYMmSN?si=6b3fdde44f1f442f The Capital Strip Mine: https://open.spotify.com/episode/6ifbWDnYHRGxrhd1NPv4BS?si=5f4d7d9d54a94613 Don't forget to check out our amazing sponsors: • Dive into the Bitcoin only wallet, the cypherpunk calculator, and a company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 10% off everything in your cart! (https://guyswann.com/coldcard) • Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 50,000 FREE SATS! at (https://guyswann.com/fold) • The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (https://swanbitcoin.com/guy) -------------------------------------- "Expect the best. Prepare for the worst. And capitalize on what comes." – Zig Ziglar Learn more about your ad choices. Visit megaphone.fm/adchoices --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

"But as with all new technology, it can be incredibly hard to explain what’s actually happening, without getting too complex. This got me thinking about Bitcoin education and how to ELI5 (Explain Like I’m 5) with Bitcoin Lightning, enter… Bitcoin Lightning: The Airport Analogy" - Danny Scott Today we hit a short piece but a really great analogy in order to make sense of the lightning network. Since I've recently had a few people ask me about this and a fellow audionaut made a great suggestion for a short article, I thought this would be good to hit especially in the spirit of trying to get back to covering some of the fundamentals of Bitcoin and how it and many of the tools around it work, in simple, digestible explanations. And so we paint an easy picture of Lightning, with the Airport Analogy. Link to Danny's medium page for his other writing and more from the CoinCorner Blog: https://blog.coincorner.com/how-bitcoin-lightning-works-a21fdb5f0450 Another great pice mentioned in the Guy's Take is Isaiah's Job: https://open.spotify.com/episode/5snLqMe7gd9crBvKpcBT5G?si=b06aa288bfa748ca Check out the show on Fountain: https://fountain.fm/show/RtZlWdbEbpyEyjBNbeQ7 Don't forget to check out our amazing sponsors: • Dive into the Bitcoin only wallet, the cypherpunk calculator, and a company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 9% off everything in the store until Christmas! (https://guyswann.com/coldcard) • Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 5,000 FREE SATS at (https://guyswann.com/fold) • The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (https://swanbitcoin.com/guy) -------------------------------------- "If you can't explain is simply, then you don't understand it well enough." – Albert Einstein Learn more about your ad choices. Visit megaphone.fm/adchoices --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

Today we break into the racket that is the IMF and World Bank monetary imperialism. Piggy backing off Gladstein's remarkable piece detailing the horrific consequences of this system and the clear intent and disregard for human life and basic freedoms, we discuss the fundamental principles of sound money that would be a basis to prevent this, how the fiat system gets around this balancing forces and corrupts the incentives, and how Bitcoin and a global neutral standard may finally bring about its end. Listen to the full work by Gladstein, of the other piece mentioned in this Guy's Take from Nayib Bukele: Structural Adjustment: https://open.spotify.com/episode/4SIvE5gOkPuG6Hv6P8UYMr?si=8fe60145e5c44638 Stop Drinking the Elite's Kool-aid: https://open.spotify.com/episode/1eXeTRTccQvDTqauRicdEi?si=a44236b05ae04b78 Don't forget to check out our amazing sponsors: • Dive into the Bitcoin only wallet, the cypherpunk calculator, and a company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 10% off everything in the store until Christmas! (https://guyswann.com/coldcard) • Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 5,000 FREE SATS at (https://guyswann.com/fold) • The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (https://swanbitcoin.com/guy) -------------------------------------- “WAR is a racket. It always has been. It is possibly the oldest, easily the most profitable, surely the most vicious. It is the only one international in scope. It is the only one in which the profits are reckoned in dollars and the losses in lives.” ― Major General, Smedley Butler Learn more about your ad choices. Visit megaphone.fm/adchoices --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

Bad forgeries, fake signatures, backdated emails, more money than your country, & a lawsuit for everyone! This is the story of Faketoshi, explored through the extensive investigations of Arthur Van Pelt on the Craig Wrong debacle. He will have the biggest footnote in the Bitcoin history books under "people who pretended to be Satoshi." An achievement to be celebrated! Follow Arthur Van Pelt on twitter to stay in the Faketoshi loop & explore his many great articles and breakdowns of the entire debacle at the links below. Guest Links ⁠Arthur on X ⁠(Link: https://twitter.com/Arthur_van_Pelt) Guest Articles Craig Wright is Not Satoshi (Link: https://tinyurl.com/2s4jbda2) My Top 5 Craig Wright Forgeries (Link: https://tinyurl.com/dexfh6r6) Arthur's Blog (Link: https://tinyurl.com/37rs728b) 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)

"Bitcoin is paradoxical. It is simple yet complicated, ever-changing yet unchangeable. A novel machine without any novel parts; a technological innovation that isn't really about technology. You can't touch it, yet it is hard money. You can't see it, yet it will show you a vision of the future. You can't possess it, yet thousands of people seem to be possessed by it." - Dergigi In the spirit of getting back to some of the basics, I want to open up a series of hitting basic concepts around bitcoin and how to use and interact with its network and many moving pieces with the opening chapter of Dergigi's forthcoming book, 21 Ways. Chapter Zero: A Quick and Dirty Explanation... Link tot he read plus Gigi's other phenomenal work: https://21-ways.com/ch0-03-quick-and-dirty/ Don't forget to check out our amazing sponsors: • Dive into the Bitcoin only wallet, the cypherpunk calculator, and a company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 10% off everything in the store until Christmas! (https://guyswann.com/coldcard) • Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 5,000 FREE SATS at (https://guyswann.com/fold) • The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (https://swanbitcoin.com/guy) -------------------------------------- “Study hard what interests you the most in the most undisciplined, irreverent and original manner possible.” – Richard Feynman Learn more about your ad choices. Visit megaphone.fm/adchoices --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

The problem today is that we have companies who own both the protocol and discovery of content. Which ultimately puts one person in charge of what’s available and seen, or not. This is by definition a single point of failure, no matter how great the person, and over time will fracture the public conversation, and may lead to more control by governments and corporations around the world." - Jack Dorsey Jack Dorsey makes the case for a native social media protocol in this short, but important piece reflecting on the failures of Twitter, and the potential hope for fixing its problems indefinitely into the future. One of the most important issues today, sparking a long Guy's Take in this episode on what I think lies ahead of us, and what I hope I can contribute to the cause in this coming year. This is something that we can't sit on and wait to solve, let's do it now. If you want to get in touch with me about possible development or work related to these projects OR you are interested in helping to devote resources to this cause as well. Feel free to contact me and maybe we can make something happen. DM on Twitter @TheGuySwann or contact me at the bottom of the page at bitcoinaudible.com Don't forget to check out our amazing sponsors: • Dive into the Bitcoin only wallet, the cypherpunk calculator, and a company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 10% off everything in the store until Christmas! (https://guyswann.com/coldcard) • Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 5,000 FREE SATS at (https://guyswann.com/fold) • The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (https://swanbitcoin.com/guy) -------------------------------------- “It is more important that innocence be protected than it is that guilt be punished, for guilt and crimes are so frequent in this world that they cannot all be punished. But if innocence itself is brought to the bar and condemned, perhaps to die, then the citizen will say, “whether I do good or whether I do evil is immaterial, for innocence itself is no protection,” and if such an idea as that were to take hold in the mind of the citizen that would be the end of security whatsoever.” – John Adams Learn more about your ad choices. Visit megaphone.fm/adchoices --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

Bringing back one of my favorites today that I mention often but we haven't covered in a very long time. This is an essential piece diving into the complexities and profound depth in the market establishment of a price. And why the very notion of the price being "wrong" or fixing it, is self-evidently impossible, as the only information we have to make a comparison, is given to us by emerging prices in the market. Hayek takes us on a journey in this incredible piece that is not to be skipped. The original article can be found at FEE along with so much other amazing economic education: https://fee.org/articles/the-use-of-knowledge-in-society/ Don't forget to check out our amazing sponsors: • Dive into the Bitcoin only wallet, the cypherpunk calculator, and a company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 10% off everything in the store until Christmas! (https://guyswann.com/coldcard) • Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 5,000 FREE SATS at (https://guyswann.com/fold) • The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (https://swanbitcoin.com/guy) Learn more about your ad choices. Visit megaphone.fm/adchoices --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message