Bitcoin Audible

"A deflationary monetary system of absolute hard money acts as a mirror for value creation. It is a compass to guide us toward a better economic path." - Aaron Segal From Bitcoin Magazine, we hit a fantastic piece on the nature of money as a tool for reducing informational entropy. Why a finite supply money, is ultimately the most pure form of money able to translate technological innovation into decreased uncertainty in an economic system. Don't miss Segal's "Bitcoin Information Theory" Check out the original and other great pieces at Bitcoin Magazine: https://bitcoinmagazine.com/culture/bitcoin-information-theory-bit The other excellent pieces mentioned that dig further into this topic, the ideas of pricing in an economy, & why our system has been skewed to strip the economic machine of growth and productivity: "The Capital Strip Mine" by Allen Farringtion: https://bitcoinaudible.com/the-capital-strip-mine/ "The Use of Knowledge in Society" by F.A. Hayek: https://bitcoinaudible.com/hayeks-use-of-knowledge-in-society-part-1-2/ And our amazing sponsors for today's show, keeping Bitcoin Audible alive! The BitBox02 hardware wallet for the trifecta of ease of use, security, & open source key storage. SwanBitcoin.com for the automatic Bitcoin savings plan, automatic withdrawal, & low fee sat stacking. --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

"A network effect is an attribute of a company or other system such that as more people use the network, the network becomes exponentially more valuable for each user. It’s one of the strongest economic moats that a system can have against competitors." - Lyn Alden Another excellent piece today from the newsletter of Lyn Alden, making sense of network effects, what they are & how fundamental they are to success. Breaking down the network effects of Bitcoin and the state of the ecosystem and institutional adoption. And lastly its comparison to the rest of the “Crypto” industry and where we can or cannot compare them. Analyzing Bitcoin's Network Effect: https://www.lynalden.com/bitcoins-network-effect/ For the Ray Youssef panel mentioned, Bitcoin 2021: Onboarding One Billion Bitcoiners https://www.youtube.com/watch?v=MfvLz81EVhI And our lovely sponsors who make Bitcoin Audible possible: ShiftCrypto with the BitBox02 hardware wallet for sovereignty, simplicity, & security of your Bitcoin keys. Get 5% off with discount code "GUY" SwanBitcoin.com for your automatic, no hassle, & low cost Bitcoin savings plan. Set it once and it never stops stacking for your future self! $10 free sats for signing up at my ref link. --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

“All this to say, there is no optimistic version of the future in which humanity does not use significantly more energy than it does today.” - Hodl’n Caulfield & Selene Lindstrom What is the connection between Bitcoin, human prosperity, and the fundamental process of commanding energy to solve our problems? Bitcoin isn’t just a monetary and financial solution, its also revolutionary in the simple fact that it replaces a problem of violence and authority, merely through the burning of energy. How could we make the case that not only should we not scorn this amazing feat, but that we should want far more energy used by the system, to protect far more people around the world from systemic corruption of money? Check out the original and drop some crazy applause on this one on medium: https://bitcoinandenergy.medium.com/bitcoin-mining-and-the-case-for-more-energy-90094ce25fac Don’t forget to follow the authors on Twitter for more of their future work: https://twitter.com/stackerintherye https://twitter.com/selenelindstr6 And a shout out to our amazing sponsors to the show: ShiftCrypto with the BitBox02 hardware wallet for sovereignty, simplicity, & security of your Bitcoin keys. Get 5% off with discount code "GUY" SwanBitcoin.com for your automatic, no hassle, & low cost Bitcoin savings plan. Set it once and it never stops stacking for your future self! $10 free sats for signing up at my ref link. --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

Completely left the intro and guy's take section out of the publishing for last week's episode, so figured I would drop it just for those who might like to listen. No ads or any breaks for this one since I screwed up, lol. Enjoy --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

"For those with the curiosity to look, Bitcoin has emerged as a vast and mysterious space to explore with treasures, dangers, and untold potential." - Tomer Strolight Going through the incredible short, but profound pieces in the Why Bitcoin series by Tomer Strolight. An incredible walk through the many fundamental characteristics of Bitcoin. Why should we choose it, why is it backed by physics, why does its buying power keep rising, why is it the new frontier, and more in this first episode. Don't miss it! For more digging into what happened in El Salvador and what the legal tender dstatus means, check out the awesome SSL podcast we did with Tomer, Alex Gladstein, Brady Swenson, & myself earlier today. Careful not to get too bullish: https://www.youtube.com/watch?v=p_WC-AU8df8 Then for diving deeper into Proof of Work, check out the great pieces by Hugo Nguyen mentioned in the commentary: Anatomy of Proof of Work: https://bitcoinaudible.com/anatomy-of-proof-of-work-part-1/ Bitcoin, Chance & Randomness: https://bitcoinaudible.com/bitcoin-chance-and-randomness-part-2/ ShiftCrypto with the BitBox02 hardware wallet for the secure, safe ship for sailing the open seas to this new frontier! And SwanBitcoin.com for the strong sails pointed in the right direction. Toward a sovereign future, auto stacking & DCA into Bitcoin --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

I may have gotten ahead of myself but the vote is happening right now in El Salvador's Congress. It's being discussed and read on the floor & in order to get this out as quickly as possible, we have the reading of the "Bitcoin Law" proposed and soon voted on in El Salvador. Enjoy. --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

If you haven't seen it, don't miss out on this moment in history. Jack Mallers' announcement and speech at Bitcoin2021 on the massive moves they are making with Strike, the infrastructure being built in the developing world, & the move by the President of El Salvador to make Bitcoin a legal Tender within the country and make it part of the national strategy to bring financial inclusion, monetary independence, and an infrastructure that will take them into the future with Bitcoin. This is the beginning of some massive. Don't miss today's episode and the link below to dig more into this incredible development. Jack Mallers at Bitcoin 2021: https://www.youtube.com/watch?v=_59hrgTiRJU Tweets related to this news & read on this episode: https://twitter.com/WilliamSorianoH/status/1401737638290280452?s=20 https://twitter.com/nayibbukele/status/1401955382533165062?s=20 https://twitter.com/nayibbukele/status/1401622548396314631?s=20 https://twitter.com/nayibbukele/status/1401335885497524226?s=20 https://twitter.com/carlitosrejala/status/1401712725886132224?s=20 https://www.thestreet.com/crypto/bitcoin/panama-may-join-el-salvador-and-paraguay-in-bitcoin-adoption https://twitter.com/gabrielsilva8_7/status/1401965129051389958?s=20 https://twitter.com/FabioOstermann/status/1401988499893587968?s=20 And a shout out to our amazing sponsors to the show: ShiftCrypto with the BitBox02 hardware wallet for sovereignty, simplicity, & security of your Bitcoin keys. Get 5% off with discount code "GUY" SwanBitcoin.com for your automatic, no hassle, & low cost Bitcoin savings plan. Set it once and it never stops stacking for your future self! $10 free sats for signing up at my ref link. --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

"If there is ever competition for the energy that the Bitcoin miners are buying, the miners turn off their machines, perhaps to turn them back on later in a real-time response to grid loads. This relationship is poorly understood by many, leading to a popular but incorrect assumption that Bitcoin is “wasting” energy that could be used for other projects." - Alex Gladstein Another amazing piece from Gladstein, this time breaking down the incentives and elements of Bitcoin and Bitcoin mining that has the potential to transform the developing world's capacity for capital accumulation, sustainable economic activity, & bootstrapping of renewable energy production and expansion of the much needed electrification. Don't miss this piece! Check out the original and Gladstein’s other incredible work below: https://bitcoinmagazine.com/culture/bitcoin-is-humanitarian-and-environmental A big thanks to BitcoinMagazine and the LTBNetwork for the invaluable & dedicated resource they have been to the Bitcoin community for so many years. And a shout out to our amazing sponsors to the show: ShiftCrypto with the BitBox02 hardware wallet for sovereignty, simplicity, & security of your Bitcoin keys. Get 5% off with discount code "GUY" SwanBitcoin.com for your automatic, no hassle, & low cost Bitcoin savings plan. Set it once and it never stops stacking for your future self! $10 free sats for signing up at my ref link. --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

“At the core of economists’ fallacy is the belief that money is money by decree (because the state and its expert economists say so), which means they don’t fully recognise the power held by people’s collective decisions.” - Mick Morucci A Bitcoin Magazine read today on why it is that the modern anthropologist may actually have a better grasp of Bitcoin and its incredible potential, than the mainstream economist does. A fascinating perspective from Anthropologist & economist Mick Morucci, on the unique insight he brings from 2 different disciplines. Check out the original at the link below: https://bitcoinmagazine.com/culture/anthropologists-are-interested-in-bitcoin Wired For Story: https://www.amazon.com/Wired-Story-Writers-Science-Sentence/dp/1607742454/ref=pd_rhf_gw_p_t_1_FMXR Big thanks to our sponsors! ShiftCrypto for the secure, open source BitBox02 hardware wallet and other great tools for securing your Bitcoin keys and backups SwanBitcoin.com for the automatic, no hassle, no selling, set it and forget it Bitcoin savings plan. --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

“Technologies of anonymous communication, anonymous currency, and reputation systems have been invented. They cannot be un-invented. These are all the ingredients needed to build a circular economy with strong privacy in cyber-space” - NoPara73 Today we dive back into some of the most important concepts in Bitcoin, and some of the fundamental goals Bitcoin was created to facilitate. Privacy, Fungibility, & anonymity. What are they, how do they relate to each other, and what can we do to preserve them within the Bitcoin system? Check out the original article and drop some epic applause on this piece on medium! https://nopara73.medium.com/privacy-fungibility-anonymity-451d029355f7 Follow nopara73 on Twitter: https://twitter.com/nopara73 An excellent discussion of the importance of privacy in today’s world with Glenn Greenwald: https://www.youtube.com/watch?v=pcSlowAhvUk Big thanks to our sponsors! ShiftCrypto for the secure, open source BitBox02 hardware wallet and other great tools for securing your Bitcoin keys and backups SwanBitcoin.com for the automatic, no hassle, no selling, set it and forget it Bitcoin savings plan. --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message