Bitcoin Audible

"Bitcoin is the alpha-omega of private property and voluntary exchange. It lowers the cost of defence whilst increasing the cost of attack. As such it is the central tool in helping us get beyond the great filter." - Aleks Svetski In tying together and expanding on the ideas touched on in yesterday's episode, on responsibility and freedom, we dive deep with Alek's piece from the Bitcoin Times Ed 3 on the nature of decision making, the fundamental truths of the world, & how we can deduce a harmonious path for the future. Bitcoin codifies the critical principles necessary for proper evolution of society. Let's find out why. Don't forget to check out the original and drop some massive applause, plus the other many great works from The Bitcoin Times: https://medium.com/the-bitcoin-times/utopian-dystopias-e0a0e9868bdc Another episode we've done discussing some related concepts and the nature of rights and how Bitcoin defends them is Guy's Take #32: Rights, Incentives & the Bitcoin System https://bitcoinaudible.com/?p=4800 Becoming a Bitcoiner is a process, one of decisions, and proper incentives: The first step is to start stacking, your future self will love you for it - Swan Bitcoin (swanbitcoin.com/guy) The second step is to take responsibility of your keys, simply and securely - BitBox02 (guyswann.com/bitbox) From there listen to every episode of BitcoinAudible or search the Library for your favorites. Then get back to me --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

"The whole idea of Bitcoin is to remove intermediaries from the equation. Trusted third parties are security holes, and unless we want to repeat past mistakes, it is our collective responsibility to eliminate these security holes wherever and whenever we can." - DerGigi Bitcoin changes us in ways that are hard to articulate. It's a level of personal responsibility, when you make that journey to the great depths of the rabbit hole, that is hard to understand without making the journey yourself. Responsibility isn't merely something that could lead to more freedom, it's axiomatic to freedom & sovereignty itself. It's impossible to have the latter, without conquering the former. Don't miss today's brief but excellent read from DerGigi, on the nature of responsibility and what it means in Bitcoin! The Responsibility of Adopting Bitcoin: https://dergigi.com/2021/03/14/the-responsibility-of-adopting-bitcoin/ The first step is to start stacking, take responsibility of your savings and your future - Swan Bitcoin (swanbitcoin.com/guy) The second step is to take responsibility of your keys, you own your coins, they aren't someone else's IOU - BitBox02 (guyswann.com/bitbox) The final step is to run your own node, and define what Bitcoin is for yourself. --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

• Money is not what you think it is • Great societies are a result of great money • Money is more foundational than language • Prices are not arbitrary • The nature of time • Money is a tool of information • Proof of work in ancient history ...And so much more in today’s Guy’s Take! The many recommended works to dig deeper: Wittgenstein’s Money https://bitcoinaudible.com/?p=5659 I, Pencil https://bitcoinaudible.com/?p=1668 Applying Economics to American History (Tom Woods) https://www.youtube.com/watch?v=m-LJ3wZjD4I&t=0s Shelling Out: The Origins of Money https://bitcoinaudible.com/?p=3531 The Island of Stone Money https://bitcoinaudible.com/?p=3069 Bitcoin is Time https://bitcoinaudible.com/?p=5837 On Network Effects, Shelling Points, & Lindy https://bitcoinaudible.com/?p=4504 Don't forget our glorious sponsors: Makes your 401K look like a joke - Swan Bitcoin (swanbitcoin.com/guy) The "Love your keys" secure, open source hardware wallet - BitBox02 (guyswann.com/bitbox) --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

"...And we’re just considering two sources of nonrival energy: clean energy curtailment in China, and vented/flared gas in the U.S. There are many other sources of stranded and nonrival energy sources globally. Suffice to say, there’s enough nonrival energy out there to run Bitcoin many times over. It’s just a matter of deploying hashrate in the right locations, which miners are doing — aggressively." - Nic Carter We have another great piece on the energy debate around Bitcoin, this time responding to a Bloomberg article by Noah Smith, but this time with a little twist. It's not so much about the environmental problem, but the economics and problems of the energy cost of the system, its explosive rise during bull markets, and how this threatens alternative uses, increases costs, and takes precious resources away from chip foundries producing much needed smartphones and computer processors. Is there anything to this criticism? Nic Carter responds in today's article: Noahbjectivity on Bitcoin Mining: https://medium.com/@nic__carter/noahbjectivity-on-bitcoin-mining-2052226310cb The first article in question - "Bitcoin Miners are on a Path to Self-destruction": https://www.bloomberg.com/opinion/articles/2021-03-24/bitcoin-miners-are-on-a-path-to-self-destruction And Noah's rebuttal discussed in the Guy's Take: https://noahpinion.substack.com/p/bitcoin-mining-and-resource-use Don't forget our glorious sponsors: The SO much better than your stupid 401K plan - Swan Bitcoin (swanbitcoin.com/guy) & the "Love your keys like family," secure, open source hardware wallet - BitBox02 (guyswann.com/bitbox) --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

The Gaming Universe is about to be Struck by Lightning. We have Simon Cowell on the podcast, CEO and Founder of ZeBeDee and their tools for easily integrating Lightning payments directly into the gaming and esports industry. Where the virtual economy meets the virtual world, with Lightning at its center. Don’t miss Bitcoin Audible Chat #59! Don't forget to follow them and check out the tools they are building by going to their twitter page and website below: https://twitter.com/zebedeeio https://zebedee.io/ If you haven't listened to the article mentioned on the podcast, find it here: https://bitcoinaudible.com/?p=5596 A huge thank you to our amazing sponsors: SwanBitcoin - The #1 place to setup your automatic Bitcoin savings plan! (SwanBitcoin.com/guy) BitBox - Minimal, user friendly, secure, Swiss made, open source, hardware wallet (guyswann.com/BitBox) --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

"When I thought about what is the defining difference between the Bitcoin maximalists and my yuppie elite friends, the surface level distinctions that popped out were political (e.g., libertarianism, Trump support, second-amendment rights, Black Lives Matter).  But these stem from a deeper divide: the degree to which a person has trust in the system." - Croesus Why is it that some of the most intelligent people can both be the first to grasp the astounding benefit and value of Bitcoin, but simultaneously be the ones who dismiss it with the greatest prejudice, and refuse to entertain that there may be anything at all of value? What is the difference between those two groups, can we narrow down where the core problem loves? Find out in today's read by Croesus at the amazing Citadel21 publication. Titled... Why the Yuppie Elite Dismiss Bitcoin https://www.citadel21.com/why-the-yuppie-elite-dismiss-bitcoin Shout out to Preston Pysh for reminding me of this one, and to Citadel21 for their amazing resource and collection of works. They also happen to be today's "Bitcoin Resource" and I highly recommend doing a little exploring over on their page below: https://www.citadel21.com/ A huge thank you to our amazing sponsors: SwanBitcoin - The #1 place to setup your automatic Bitcoin savings plan! (SwanBitcoin.com/guy) BitBox - Minimal, user friendly, secure, Swiss made, open source, hardware wallet (guyswann.com/BitBox) --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

"The empty block attack is one where a majority of mining power would be directed at mining only empty blocks and rejecting non-empty blocks. These miners would essentially execute a soft-fork where all non-empty blocks would be rejected. Given that they have a majority of hashing power on the network, so the thinking goes, they will eventually get the longer chain even if other miners were to mine non-empty blocks. If only empty blocks are being mined, all activity on the network would stop and so, the thinking goes, Bitcoin would be killed." - Jimmy Song With another bull market, comes another avalanche of the same old FUD. Today we hit an excellent little article from Jimmy Song taking the time to thoroughly debunk the again popular, "Empty Block Attack" scenario from a potential nation-state adversary. Don't miss today's article if you have been exhausted with answering the twitter flood of new people certain they have the inside secret to killing Bitcoin. Debunking the Empty Block Attack: https://jimmysong.medium.com/debunking-the-empty-block-attack-10513858b3f8 A huge thank you to our amazing sponsors: SwanBitcoin - The #1 place to setup your automatic Bitcoin savings plan! (SwanBitcoin.com/guy) BitBox - Minimal, user friendly, secure, Swiss made, open source, hardware wallet (guyswann.com/BitBox) Today's Resource is Jimmy Song's "Programming Bitcoin," for those who really want to get into the dirty details of Bitcoin and how it works, and want to walk through the code and understand it on an entirely new level, this is the resource you are missing. Check it out at the link below: https://amzn.to/2RSlnTb For more amazing articles on this topic & all the other incredible works in the Bitcoin space, check out the 100s of great works in the Bitcoin Audible Library: https://bitcoinaudible.com/?page_id=5764 --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

"Bitcoin is not taking gas from your car or electricity from your house, it is making power production more efficient, utilizing otherwise “stranded” energy sources and helping to fund the development of renewable energy technologies." - Evan Bayless With the constant flood of ignorance and incredible mental laziness in the conversation of Bitcoin's energy consumption, its always good to have another perspective and more knowledge on not only why its not nearly as simple as portrayed, but that its extremely likely to be the exact opposite of what the detractors claim. A great piece from Evan Bayless on Bitcoin Magazine... Bitcoin Will Save Our Earth https://bitcoinmagazine.com/business/bitcoin-will-save-our-earth A huge thank you to our amazing sponsors: SwanBitcoin - The #1 place to setup your automatic Bitcoin savings plan! (SwanBitcoin.com/guy) BitBox - Minimal, user friendly, secure, Swiss made, open source, hardware wallet (guyswann.com/BitBox) For more amazing articles on this topic and energy in general around Bitcoin ming, check out the hundreds of great piece in the Bitcoin Audible Library: https://bitcoinaudible.com/?page_id=5764 --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

"Bitcoin is a unique digital asset for an increasingly digital world that requires digging deeper than the surface level to understand its core properties and trade-offs." - Ria Bhutoria Fidelity writes another great piece this time addressing he persisting and common criticisms of Bitcoin that the new entrants to the ecosystem continue to falsely hold as major, valid concerns. Bitcoin is a complicated and nuanced technology. Unfortunately, this means baseless or clearly erroneous criticisms stick around for far longer than their validity would seem to warrant. So with another great post from Fidelity, let's answer them yet again. Fidelity Digital Assets Addressing Persisting Bitcoin Criticisms: https://www.fidelitydigitalassets.com/articles/addressing-bitcoin-criticisms Follow Ria on social media: https://twitter.com/riabhutoria A huge thank you to our amazing sponsors: SwanBitcoin - The #1 place to setup your automatic Bitcoin savings plan! (SwanBitcoin.com/guy) BitBox - Minimal, user friendly, secure, Swiss made, open source, hardware wallet (guyswann.com/BitBox) Today's Bitcoin Resource: Sphinx App, Chat & Lightning! Check them out at Sphinx.chat to get started on the encrypted chat and payments app run entirely over the Lightning network. --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

"To state it plainly: Bitcoin is a momen­tous monetary innova­tion enabling a new mode of non-nation-state human organi­za­tion, a “purified” form of capitalism free of nation-state inter­fer­ence and deserving of its own neolo­gism. Let us call the new mode of socioe­co­nomic organi­za­tion enabled by encrypted digital money sover­eignism." - Robert Breedlove Today we start an amazing series by Breedlove based on the thesis proposed by the Sovereign Individual. Could the new dynamic brought about by the existence of Bitcoin, potentially destroy the economic cost/reward reality of centralized, violent nation states? And what does such a potentiality mean for the future? Don’t miss today’s read from Swan Bitcoin blog, by Robert Breedlove: Sovereignism Part 1 - Digital Creative Destruction https://www.swanbitcoin.com/sovereignism-part-i-digital-creative-destruction/ A huge thank you to our amazing sponsors: SwanBitcoin - The #1 place to setup your automatic Bitcoin savings plan! (SwanBitcoin.com/guy) BitBox - Minimal, user friendly, secure, Swiss made, open source, hardware wallet (guyswann.com/BitBox) --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message