The Cryptoconomy Podcast

CryptoQuikRead_204 - Bitcoin, Winner Takes All, or Winner Takes Most?

An episode of The Cryptoconomy Podcast

By Guy Swann
The Technology, The Philosophy, and The Cypherpunks. Welcome to the Cryptoconomy.
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CryptoQuikRead_286 - Money, Bitcoin & Time [Part 1]
Today we start into an amazing and broad work that tackles the entire argument for Bitcoin, from the origins and nature of money, to the cost and value of time, by Robert Breedlove titled, "Money, Bitcoin and Time." • How does an economy grow? • Why do we even need money? • How extraordinary are the benefits of indirect exchange? • What makes a money sound? Check out the original piece, and read along for a better understanding by following the link below. You'll find this piece plus tons of other great reading. Don't forget to follow @breedlove22 on Twitter so you don't miss some awesome threads! Mentioned on the Show: A must listen if you haven't heard it, "I, Pencil" - My everyday mission now is to turn every piece of incredible work that sheds light on the understanding of Bitcoin & makes more clear the future of the Cryptoconomy that we seek to build, into the audio version it deserves! Become a patron to help me get that done!  Plus, you'll get to join us in the Cryptoconomy Crew Telegram!
August 22, 2019
CryptoChat_020 - ITS ALIVE!! Brandon Quittem & Der Gigi on the Bitcoin Organism
“Life is like fire, not water; it is a process, not a pure substance. […] The simplest, but not the only, proof of life is to find something that is alive.” — Christopher McKay The author of the incredible Bitcoin Mycelium series, Brandon Quittem, & the author of the 21 Lessons of the Bitcoin Rabbit Hole, Der Gigi, join me today for a 2 hour marathon exploring all aspects of this crazy beast we call Bitcoin.  What does it mean to be alive? What exactly is Bitcoin? Does it work for us, or do we work for it? And if this is a new form of life, how will it change the world? Don't miss this awesome Cryptoconomy Chat. Brandon Quittem Bitcoin Mycelium Series: Der Gigi Proof of Life 21 Lessons of the Rabbit Hole & more: Other Things to Explore: Schrodinger's "What is Life" - Conway's "Game of Life" - "Evolution of Trust" (game theory) - Scale of the Universe - Philosophy of Mathematics - If you would like to join us in the Cryptoconomy Telegram Group, become a patron!  Help me make every brilliant piece of literature around Bitcoin and the Cryptoconomy into the audiobook version it deserves!!
August 21, 2019
CryptoQuikRead_285 - Proof of Life
"Ralph Merkle... made the argument that Bitcoin is the first example of a new form of life. In this article series, I intend to take this claim seriously, explore it further, and see what can be gleaned from viewing Bitcoin as a living organism." Today we read and discuss the first part of a promising new series from Bitcoin enthusiast and author @DerGigi, titled "Proof of Life."  It will be the perfect precursor to tomorrow's interview with @Dergigi and @bquittem all about the nature of Bitcoin's decentralized organism!  You will hate yourself if you miss this one! Drop some serious applause on the article over at Gigi's Medium page, and don't forget to follow him on Twitter as well: For more great content on this same line of thought, Quittem's Mycelium series provides brilliant accompaniment, start with Part 1 below: Original: Audio: A shout out to our newest patron, Coley Wommack!! If you would like to join us in the Cryptoconomy Crew Telegram Group, become a patron and help support my work at turning every brilliant piece of literature around Bitcoin and the Cryptoconomy into the audiobook version it deserves!! Love you guys!
August 20, 2019
CryptoQuikRead_284 - Bitcoin is the Antivirus
Our monetary system has confiscated trillions in resources and value by corrupting the very incentives that keep our economy healthy and resilient… in that world, what role does Bitcoin play? Today we read and discuss the fascinating metaphors in Part 3 of Brandon Quittem’s excellent series on the Bitcoin Organism - “Bitcoin is the Antivirus to Uncertainty” Don’t forget to check out Parts 1 & 2 below, links to the audio as well as the original articles. Bitcoin is a Decentralized Organism: Part 1 Audio: Bitcoin is a Social Creature: Part 2 Audio: Follow Brandon Quittem so you don’t miss the incredible work and perspective he contributes to the space: Support the show and help me turn every amazing work of written content on Bitcoin and the Cryptoconomy into audio by becoming a patron!
August 15, 2019
CryptoQuikRead_283 - Invalid Blocks Need Not Apply
Everything that defines the Bitcoin network is in the validation rules, and the nodes are its enforcers.  An impenetrable fortress of validation.   Because it deserves an episode of its own, today we read @StopandDecrypt's excellent breakdown of the Bitcoin network and the critical importance of fully validating nodes.  Originally an excerpt from a much longer article covered on the show, "Sharding Centralizes Ethereum." Drop some major applause on the original article below and don't forget to explore the graphics for some amazing visualizations of the concepts discussed: Support the show and help me turn every amazing work of written content on Bitcoin and the Cryptoconomy into audio by becoming a patron!
August 13, 2019
CryptoChat_019 - Under The Lightning Hood: Resurrection
The crew from the Lightning Hood website and weekly wrap-up are back for another episode chatting all about the developments in Lightning & Bitcoin throughout the last year.  What's new, what's the same, and what are the next steps. Bitcoin is back in the spotlight, how long and winding is the road to good privacy, how Bitcoin & Lightning returns power to personal hardware, developing a protocol stack for sovereignty, how Lightning is disappearing into the background, and the coming wave of new Bitcoiners.  Don't miss another fun episode, hanging with the Lightning Hood crew. Don't forget to check out the guests on today's show and follow them on social media! @Pura_Vlda, @PetoVeritas, @CoinBeezy, and the silent, but always present @curlydream60e A shout out to our newest patron, David Parrish for supporting the work of turning all the greatest written work in the Bitcoin space into audio! IF you would like to support my work and join the exclusive telegram group for the Cryptoconomy Crew, become a patron below:
August 13, 2019
CryptoQuikRead_282 - The Right to Read
Do we live in an age of liberty, where information is freely accessible, or an age of heavy-handed copyright restrictions where we are losing the ownership of the very devices we hold in our hands? If I had to judge, it's probably a bit of both.   Today we read a fascinating short story that I just recently ran across at the by Richard Stallman, a dystopian tale of a future where we have to fight, for our "Right to Read." Thanks to SNI for making the work available, I wouldn't have found it otherwise.  And a thanks to Richard Stallman for the incredible decades long fight he has put up for a Free & Open Source Society! Check out the Nakamoto Institute for this and an incredible list of other literature to explore. Shout out to our first Patron, Jesse Lawler! Thanks so much for supporting the show, plus all the help you've been over the last year, and of course, welcome to the Cryptoconomy Telegram Crew! If anyone else wants to support the audification of all brilliant things written about Bitcoin, become a patron and help make it happen.
August 9, 2019
CryptoQuikRead_281 - Unpacking Bitcoin's Assurances
We make claims about Bitcoin's assurances all the time.  It is censorship resistant, it's open and permissionless, it's counterfeit proof, etc.  But are these things entirely true? When someone wants to acquire, use, or validate Bitcoin, how well do the claims match reality? Today we cover another great article from @nic_carter titled: "Unpacking Bitcoin's Assurances."  Don't forget to follow Nic on Twitter and Medium, and drop some applause on the original article at the link below: Mentioned again because it always seems to come up in discussion, the great piece by @hasufl and @zhusu about Bitcoin as an independent system for property rights: If you love the show and would like to support and get access to the exclusive Cryptoconomy telegram group, become a patron below!
August 7, 2019
CryptoQuikRead_280 - My Path to Bitcoin Maximalism
Today we read an excellent article by Ben Perrin (@Btcsessions) laying out an excellent argument that reveals #BitcoinMaximalism as the meticulous and thoughtful position it actually is.  Rather than the arbitrary, religious, & closed-minded position many altcoiners would want you to believe. Drop some applause on the Medium article for the great work! Follow @BTCsessions on Twitter and Youtube for tons of great content! To dig a little deeper into topics mentioned in this episode, here are a few other works I recommend: Unpacking Bitcoin's Social Contract by Hasu BetterHash - Decentralizing Bitcoin Mining... by StopAndDecrypt Bit Gold by Nick Szabo If you love the show and would like to support and get access to the exclusive Cryptoconomy telegram group, become a patron below!
August 6, 2019
CryptoChat_018 - Investigating Bitcoin with Aaron Van Wirdum
Today we have on the show one of the best journalists in the Bitcoin ecosystem, Aaron Van Wirdum!  We chat about his path to finding Bitcoin, his process in investigating protocol developments, social impacts of paradigm shifting technology, the growing need and coming battle for privacy, his most anticipated new tech, and much more!   You'll find over 300! amazing articles by Aaron at And don't forget the great pieces available in the new 10th Anniversary Print Edition of the magazine! Get your copy = Here are a number of the previous articles of Aaron's that we've now got in audio + commentary: Statechains: Sending Keys Not Coins Bitcoin as a Privacy Coin Understanding Lightning Parts 1-3 Genesis Files: Atomic Swaps: How Lightning Extends to Altcoins If you are appreciating the show and would like to support and become a part of the exclusive Cryptoconomy telegram group, become a patron below!
August 5, 2019
GuysTake_020 - How Bitcoin Could Bring Down the State
Inflation, or manipulation of the money supply to the benefit of the politically well connected, is quite possibly the most pervasive frauds of modern society.  It creates multiple layers of compounded resource misallocation, it benefits the debtors and manipulators at the expense of savers, it puts a constant downward pressure on living standards, and it enables more unchecked corruption and abuse of power than any other aspect of our political systems.   Following Hulsmann's work, Deflation & Liberty, we have a foundation to understand how deflation, and sound money, strips the false elites of this power.  Bitcoin isn't a new player, Bitcoin is a whole new game. Today we have a Guy's Take follow-up to Hulsmann's great work, and a conversation on how Bitcoin could bring down the state. Other Episodes & Works mentioned in today's show: Jorg Guido Hulsmann's, Deflation & Liberty Conner Brown's, Bitcoin Has No Intrinsic Value Simon Lutz's, Keynesian Errors on Time and Demand Thomas Sowell's, Applied Economics: Thinking Beyond Stage One
August 2, 2019
CryptoQuikRead_279 - Deflation & Liberty [Part 2]
"If Bitcoin's supply is expected to be endlessly deflationary, doesn't this ensure a never ending, economy destroying downward spiral?" Today we conclude with Part 2, Hulsmann's incredible work on the consequences and nature of deflation and what it means for liberty. Continuing a 3 episode answer to this critically important question we finish Jörg Guido Hülsmann's amazing piece, available thanks to the Mises Institute: Deflation & Liberty We will conclude the argument for the liberating powers of deflationary money with a Guy's Take episode breaking it all down.  Subscribe and stay tuned so you don't miss it!
August 2, 2019
CryptoQuikRead_278 - Deflation & Liberty [Part 1]
When we think about the unmatched scarcity of Bitcoin as a monetary good (particularly after looking at @100trillionUSD's stock-to-flow model), it inevitably leads to an important question.  If Bitcoin's supply is expected to be endlessly deflationary, doesn't this ensure a never ending, economy destroying downward spiral?  Doesn't deflation halt economic growth and investment? Beginning a 3 episode answer to this critically important question we start by reading Jörg Guido Hülsmann's amazing piece, available thanks to the Mises Institute: Deflation & Liberty We will conclude the argument for the liberating powers of deflationary money with a Guy's Take episode breaking it all down.  Subscribe and stay tuned so you don't miss it! And to get started with eToro, our awesome sponsor for the show, click the link below:
July 31, 2019
CryptoQuikRead_277 - Modeling Bitcoin's Value with Scarcity 100trillionUSD
The incredible model for predicting and assessing the value of the Bitcoin network by @100trillionUSD is analyzed in his exceptional article that we read on today's show, "Modeling Bitcoin's Value with Scarcity." With an R^2 above 95%, if you plan for a bitcoin future without closely assessing this model, you are ignoring a powerful indicator.  Hear all about what it means for "orange coin number" in today's episode! Don't forget to drop some major applause for the excellent work at the original article: Be sure to follow @100trillionUSD on Twitter so you don't miss out on his continuous amazing work: Other episodes mentioned in the show to dive deeper: Conner Brown's - Bitcoin has no Intrinsic Value, & that's Great! Money, Blockchains, & Social Scalability Shelling Out: The Origin of Money If you want to support my work and be a part of the exclusive Cryptoconomy Telegram group to get the inside scoop on the show and what other things I'm working on, become a patron!
July 30, 2019
CryptoChat_017 - Reminiscing with Car & Bird on a Crazy Year & a Changing World
If you haven't listened to the earlier episode where I went on the Friends Against Government Podcast, then you no longer have to miss out! A year later, we get back together & talk about what a crazy year it has been in Bitcoin, podcasting, & the increasingly confused world.  Just an awesomely fun time! Check out the Friends Against Government Podcast.  Entertaining, informative, & just the right amount of absurd! And follow the guys of twitter for some Grade-A, Anti-Govt trolling: And don't forget to start playing around with the awesome platform + app of our newest sponsor, eToro:
July 29, 2019
CryptoQuikRead_276 - More Immutable than Stone
We start today's show reading a short Twitter thread by @simonlutz21 which sparks a fun discussion about the presence of Proof-of-Work in nature, the awesome utility of immutability, and the power of Bitcoin's inalterable ledger.   Like the original thread by Simon by following the link below: Don't forget to check out the presentation by Andreas on "immutability and proof of work": And if you would like to support the show, become a patron!
July 26, 2019
CryptoQuikRead_275 - Bit Gold
There were many precursors to the Bitcoin system, but IMO, none came as close to correctly defining the problem, & solving the key issues of trust as Nick Szabo's Bit Gold concept.  Reading another great piece made available by the Nakamoto Institute, we read and discuss the incredible prescience of Szabo through one of Bitcoin's forefathers, Bit Gold. Check out the amazing collection of literature at the Nakamoto Institute and see the original piece at the link below: Other great work from Nick Szabo includes the #1 must read of anyone who wants to understand Bitcoin, "Shelling Out, The Origins of Money" Securing Property with Owner Authority: Another I forgot to mention that pairs well with today's episode, "Formalizing Network Realtionships" And Lastly @Hasufl and @zhusu's piece "Bitcoin and the promise of Independent Property Rights" Don't forget to download and check out the eToro Bitcoin exchange and app at the link below:
July 25, 2019
CryptoQuikRead_274 - BetterHash, Decentralizing Bitcoin Mining with new Hashing Protocols
What if we already had a solution to one of the biggest threats to the Bitcoin network, but simply weren't implementing it?  Today we read another great piece by @stopanddecrypt breaking down the numerous vulnerabilities of centralized mining pools, that simply wouldn't exist, with the implementation of a @TheBlueMatt's new hashing protocol, #BetterHash. Drop some applause on the original article & check out the library of work on StopAndDecrypt's Medium page: Other resources & media mentioned on the show: Support my work and join the official #CryptoconomyCrew telegram group by becoming a patron:
July 24, 2019
CryptoQuikRead_272 - Keynesian Errors on Time and Demand
What if there was a single, fundamental flaw in Keynesian economic theory that could shed light on the major imbalances and debts that have resulted from our monetary system? Does "spending" and consumption of resources truly make us wealthier? Ben Kaufman lays out the argument for how "Time" is the missing piece in the failed Keynesian puzzle. Drop some applause on the original article at the link below, and don't forget to check out and follow Ben for his future work: I also mentioned in the show a comic book that excellently explains the process of economic growth, spending, and savings. If you haven't read it, its not to be missed: Another big thanks to our sponsor eToro! Setup your account and start using their platform in just a few minutes at the link below: 
July 23, 2019
CryptoQuikRead_272 - Statechains, Sending Keys Not Coins
If you've heard of statechains but couldn't understand how they worked, who better to break it down than Aaron Van Wirdum & Bitcoin Magazine? Today we get to read Aaron's piece on the recently conceptualized "Statechains" from the mind of Ruben Somsen. An entirely different way to think of exchanging Bitcoin, by handing keys to the receiver, rather than sending coins.  Don't miss the read & a really fun discussion about the tech to follow. Check out for the full article and the best place for Bitcoin news and information! Dropping a link to Aaron's main page because he has a number of recent articles that are also wonderful (specifically recommend "The 'Noinput Class'") If you enjoy this show and would like to support my work, become a Patron!
July 22, 2019
CryptoQuikRead_272 - Letting a Million Channels Bloom
The Lightning Network does, in fact, have scaling problems of its own. When the network grows to millions of channels we obviously won't be able to run it on a Raspberry Pi.  Don’t tell Rusty Russell or Joe Netti that, because they'll just build their own network and do it.  Another major milestone in Lightning development, the release of the Million Channels Project! Today we are reading & discussing, from the Blockstream blog, “Letting a Million Channels Bloom.” Check out the official post for the network data, charts and optimization benchmarks. Follow the blog and developers involved to stay up on the incredible work they are doing to bring Lightning to the world. Lastly a huge thanks to our new sponsor, eToro! Don't forget to check out the exchange and let me know if you went long or short Bitcoin 😉 eToro -
July 19, 2019
CryptoQuikRead_271 - Bitcoin's Energy Consumption is a Necessity
... And one of the greatest natural subsidies for renewable energy we could've asked for.   Today we hit a piece by Daniel Wingen. A thorough breakdown of the essence of mining, the necessity of its energy expenditure, the incentives for efficiency and renewable sources, and the unbelievable cost that is being rescued from wasteful alternatives. Not only is Bitcoin's energy consumption not a problem, it could be exactly what we need for a brighter future. Check out the full article and many links to other great works. A number of great charts and tables illustrating the argument to explore as well: Don't forget to check out Daniel's other works and follow him on Twitter and Medium:
July 18, 2019
CryptoQuikRead_270 - Investing in Bitcoin
Today we read yet another great piece by @hasufl and @suzhu available on on the core value offered by Bitcoin as a system and the high level trends in macroeconomics and technology that could lead to enormous future demand for just such an asset.   A big thanks as always to the amazing work produced by Hasu and Su Zhu. You must check out their blog over at where you can find many other great works for understanding Bitcoin's nature. Below I've linked to the ones we have covered previously on this show: An Honest Account of Fiat Money: Unpacking Bitcoin's Social Contract: Bitcoin and the Promise of Independent Property Rights: Bitcoin As a Hedge Against the Cashless Society:
July 16, 2019
CryptoQuikRead_269 - Bitcoin is a Human Right
Finishing this week out with a short but wonderful introductory article by Nik Bhatia. Bitcoin is a money, a game, a land grab, works like email, and ultimately, Bitcoin is a human right. My discussion afterward may have gotten a little out of hand with a 40 minute follow-up to a 5 minute article. But when a good article sparks great ideas, sometimes its just hard to stop. ;) Today we read and discuss Nik’s excellent piece, “Bitcoin is a Human Right” Don’t forget to follow Nik Bhatia on twitter and medium and check out his other great work: Check out the other great pieces of Nik's we have covered on the show in the past: The Time Value of Bitcoin: The Bitcoin Second Layer: The Business of Bitcoin Cold Storage: The Bitcoin Risk Spectrum:
July 12, 2019
CryptoChat_016 - Lightning is a Breez with Roy Sheinfeld
The Lightning protocol has made some major leaps in the last few months, and the software landscape has changed massively in the same span!  Here to talk all about the Breez lightning service that has been an absolute pleasure to play with, we have the CEO, Roy Sheinfeld, joining us on the show! If you wanted to hear how their team is creating a seamless experience in Lightning & what it will take to bring it to the everyday user, don't miss this chat! Dont' forget to follow @breez_tech on Twitter! Join their telegram to talk with the community and share your ideas: Check out the website to download the app and learn more about the company:
July 10, 2019
CryptoQuikRead_268 - Major Developments in LND 0.7
Tomorrow we have an awesome interview with Roy Sheinfeld all about the Breez Lightning service! To set the stage, today we dive into the recent Lightning Labs Blog post on the incredible improvements in the 0.7-beta release. Followed with a fun discussion on the major developments and what it will mean for the UX, reliability, and further improvements of the Lightning ecosystem. If you need you Lightning Fix, this is where you'll find it. Don't forget to follow the blog and Twitter handles to stay up on what the Lightning Labs team is building!  Development is happening at a lightning fast pace and the team is straight fire! The amazing team (twitter links included): Check out the interview that Stephan Livera did with Conner Fromkneckt for a more in depth discussion of Wathctowers: And the earlier episode mentioned on "Lightning Wumbology!"
July 9, 2019
CryptoQuikRead_267 - Everyone's a Scammer
Merchants are scammers, Keynesians are scammers, altcoins are scammers, Bitcoin "investments" are scammers, scammers are scammers, and even Bitcoin hoarders are scammers.  Everyone's a scammer. There is a key list of works that are simply the "must reads" of the Bitcoin space if you want to understand the true nature of the new economic incentives and the technology behind it.  "Everyone's a Scammer" by Michael Goldstein, is one of those works.  Another piece that stood the test of time made available by the Nakamoto Institute, not to be missed by any serious Bitcoiner out there. Don't forget to check out Goldstein's amazing work and the enormous collection of quintessential Bitcoin writings over at the Nakamoto Institute:
July 8, 2019
CryptoChat_015 - Alex Adelman on Stacking Sats & Saving Money with Lolli
I was lucky enough to get the opportunity at the Bitcoin 2019 Conference to sit down with Alex Adelman, the CEO of Lolli, and talk all about how he got into Bitcoin and their crazy experience bursting into the Bitcoin scene!  This is definitely a crew to be watching closely as they continue to expand their service and grow with the Bitcoin ecosystem. Shout out to Matt Senter! It was great meeting you & if you ever get the time we would love to have you out at the Raleigh Bitcoin Meetup! Don't forget to grab the extension and visit the website to start staking sats immediately!
July 5, 2019
CryptoQuikRead_266 - How Many Wrongs Make A Wright [Part 2]
Today we finish the amazing journey through Jameson Lopp's thorough compilation of Craig Wright's extensive efforts and complications in trying to convince the world he is Satoshi Nakamoto, the creator of Bitcoin.  A huge thank you to Lopp and Bitcoin Magazine for making this extraordinary work available. Don't miss today's conclusion of "How Many Wrongs Make a Wright?" The culprits responsible for this work: // Check out the article for the video clips, graphics, screenshots, documents, & tons of links that accompany this article: Get your copy of the latest issue of the Bitcoin Magazine, back in print! Don't forget to listen to Dave & Grahm's interview of Lopp on his perspective of the whole fiasco, and journey in putting this work together.
July 3, 2019
CryptoQuikRead_265 - How Many Wrongs Make a Wright [Part 1]
Did you hear about the guy who tried for years to convince the world he was Satoshi? If you ever wanted to explore the evidence against Craig Wright's dubious claims but simply didn't have the time to sit down and read it, this is the QuikRead for you.  Today we begin our journey through Jameson Lopp's thorough compilation of Faketoshi's failed efforts at convincing the world he is Satoshi Nakamoto, the creator of Bitcoin.  Published at Bitcoin Magazine, don't miss today's audio of "How Many Wrongs Make a Wright?" The culprits responsible for making this awesome content available: // Check out the article for the video clips, graphics, screenshots, documents, & tons of links that accompany this article: Get your copy of the latest issue of the Bitcoin Magazine, back in print! Don't forget to listen to Dave & Grahm's interview of Lopp on his perspective of the whole fiasco, and journey in putting this work together.
July 2, 2019
CryptoChat_014 - Aleks Svetski on the Death of Blockchain
I got a chance to sit down with Aleks Svetski of the Amber App & blockchain bashing fame at the Bitcoin2019 conference. The Citizen Bitcoin crew joins us to hear his story of bashing ICOs at an ICO conference, and speaking about the Death of Blockchain at a blockchain conference.  Don't miss this one. Aleks other great articles mentioned on the show: ("Blockchain is Dead") (in audio) Follow Aleks on Twitter below: Check out his interview on Citizen Bitcoin for more: And don't forget to check out the Amber App:
July 1, 2019
CryptoQuikRead_264 - A Man Warned is Half Saved
Another excellent piece by @beautyon_ and discussion on the nature of Bitcoin's uncontestable monetary standard and what it means for our future.  Its not volatility or the risks of a scarce monetary supply, "The danger is being left out of Bitcoin."  You have been warned. Plus I do a short follow-up and general thanks to the BTCMedia and BitcoinMagazine crew for such an awesome Bitcoin2019 conference! Had more fun than should be allowed, lol! "A Man Warned is Half Saved": Follow @Beautyon_ on Twitter for other excellent work and insight, plus check out the Hackernoon publication for all things nerd & tech: Also! BitcoinMagazine is back in print! Don't forget to grab the 10 Year Anniversary Edition below before they stop printing:
June 28, 2019
CryptoChat_013 - Richard Myers and a Lightning Powered Global Mesh
Today we have a great chat with Richard Myers all about the recently unveiled Lot49 protocol and how Global Mesh Labs intends to incentivize and help build a global, decentralized meshnet powered by Lightning!  Check out the website and read the whitepaper for a deep dive into the project: Don’t forget to join the telegram for any questions or to join the community: Follow Richard Myers & Global Mesh Labs on Twitter to stay up on new developments and applications: I forgot to mention on the show, but don't miss out on following the amazing GoTenna project & Daniela Perdomo, the CEO/co-founder working to make this a reality (check out her 2017 talk that inspired Lot49): And if, like me, you now feel you have no choice but to start working on your satellite node, you can find the details of that project below:
June 24, 2019
CryptoQuikRead_262 - The Bitcoin Time Traveler
A message from the future... from 2013.  Just one of those memes that made its place in Bitcoin's cultural history, we read the infamous Reddit post that laid out the bleak, Bitcoin-only future that lies ahead of us.  Can we stop it, before its too late? Link to the OP: Donate below if you would like to support this show: 31sBReBuAA9QznVRRrcsjdGp9oc4ajnS4t
June 21, 2019
CryptoQuikRead_262 - The Island of Stone Money
Does money need some alternative utility?  Is there an example of virtual money that could be hundreds of years old?  Today we read about one of the most interesting analogies to the nature and value of Bitcoin in the piece, "The Island of Stone Money" by Milton Friedman.  Made available by the Hoover institute and published in 1991.   Don't forget to check out the huge collection available at the Hoover Institute, including numerous works by Milton Friedman. Other episodes and content mentioned in the show: Friedman's "Free to Choose" Series - The Triple-Entry Revolution of Bitcoin - There is no sponsor due to the licensing with this work, if you value what I do with this show, please donate to help keep this project alive!  Thanks!
June 20, 2019
CryptoQuikRead_261 - The God Protocols
"Imagine the ideal protocol. It would have the most trustworthy third party imaginable — a deity who is on everybody's side. All the parties would send their input to this god. God would reliably determine the results and return the output. In addition, God, being the ultimate in confessional discretion, would ensure that no party would learn anything more about the other party's input than they could learn from their own input and the output."  - Nick Szabo Another great piece by Szabo about the implications of a multi-party virtual computer and the incredible possibilities that such a protocol could open up. With amazing foresight, Szabo wrote this piece in 1997, detailing many of the trade-offs and complications in creating a shared system just like Satoshi's.  Is Bitcoin The God Protocol he hoped to see? Don't forget to check out the collection at the Nakamoto Institute & Szabo's Unenumerated blog: Be sure to follow @nickszabo4 and the @NakamotoInst on twitter!
June 19, 2019
GuysTake_019 - Libra Doesn't Compete with Bitcoin, But it Might Kill Ripple
All the buzz is about FacebookCoin, I mean FacePalmCoin, I mean Libra today with the release of the testnet and giving much sought after details on the new protocol and what they seek to accomplish with it.  The big question, can it do any of what it says, and what other projects does it compete with really?  We read numerous twitter posts, including a great thread by Caitlin Long, tweets from Andreas, details sourced by Jameson Lopp, and more in today's Guy's Take episode. More Links to check out for further exploration: Twitter threads and posts mentioned in the show:
June 18, 2019
CryptoQuikRead_260 - Why America Can't Regulate Bitcoin
This one should not be skipped!    There is a fascinating precedent set by case law and the long battles over PGP and US "munitions" laws, that gives us a rather clear conclusion on how Bitcoin should be treated by the US government.  The short version?  Bitcoin is speech, plain and simple, and should be subject to a total of *0* federal or state laws on money transmission, KYC/AML, financial regulations, etc. This is not an opinion, but an objective and clear truth. Listen to a thorough argument from @beautyon_ explaining exactly why. Don't forget to drop some applause on the original article over at the HackerNoon Medium page: Below is another excellent article by @beautyon_ we covered recently about Bitcoin, and the nature of system critical software:
June 13, 2019
CryptoChat_12 - Talking Privacy, Bitcoin & the New Economy with the Raleigh Bitcoin Meetup
At the recent Raleigh Bitcoin meetup we had an awesome discussion all about privacy and bitcoin, and the intertwined destinies of both. Hanging out with some drinks and talking all about Bitcoin, what could be better?  Thanks to all the crew who helped out and participated! Be sure to check out: The project
June 12, 2019
GuysTake_18 - A Story About Booms & Busts
Today I wanted to cover an analogy I have hit in the past to explain what's happening in the boom/bust cycle.  One that sheds light on the fact that the imbalance is a fundamental element of the fractional reserve system, rather than an unexplainable flaw of humanity shrugged away by "animal spirits."   What do cars, tickets, and vacation plans have to do with the boom/bust cycle?  Listen to find out!
June 11, 2019
CryptoQuikRead_259 - Lightning at the End of the Tunnel
This is an episode not to be missed. With a beta project focused entirely on the user experience, the @Breez_tech wallet is making a huge leap in the UX of Lightning that I thought was still months or even a year away.  Very excited to discuss it and read an excellent article about all the challenges in the Bitcoin/Lightning user experience, and how they will be overcome.  By Roy Sheinfeld, co-Founder of Breez Technology, today we read: Lightning at the End of the Tunnel: Overcoming Bitcoin's UX Challenges Check out the project on Twitter, check out their website, & Sheinfeld's Medium page to stay up to date on developments: Don't forget to support the show if you are enjoying my work! =D
June 10, 2019
GuysTake_017 - Erlay, Dandelion, & BitcoinOps
With help from the Bitcoin Optech newsletter we cover details and implications of the newly proposed Erlay protocol for spreading transactions quickly and efficiently across the network.  An 84% reduction in bandwidth for getting transactions to every node, is certainly nothing to scoff at.  With effects on network efficiency and privacy, let's talk Erlay, Dandelion, & BitcoinOps! Don't forget to check out and follow the completely free BitcoinOptech Newsletter to stay up on all the new developments in Bitcoin and lightning: A link to the official Erlay research paper with tons more data and analysis for a deep dive into this P2P improvement:
June 6, 2019
CryptoQuikRead_258 - 21 Lessons of the Bitcoin Rabbit Hole - Chapter 3
In the epic conclusion of the 21 lessons of the Bitcoin Rabbit hole, we talk about the technology, the network, and how Bitcoin is set to change the world. "The future is here, its just not evenly distributed." Don’t miss the 3rd & final Chapter of @Dergigi’s excellent piece! Check out the full site with tons of other work below:
June 5, 2019
CryptoQuikRead_257 - 21 Lessons of the Bitcoin Rabbit Hole - Chapter 2
Continuing our expedition through the lessons of the Bitcoin Rabbit Hole, we explore the realities of economics & the truth of money that is revealed by Bitcoin’s nature. Don’t miss the next 7 lessons on the economics that bitcoin teaches in our tumble down the rabbit hole. Explore the many other links, graphics, and charts throughout this amazing section, plus the tons of other works available over at Follow dergigi on twitter below:
June 4, 2019
CryptoQuikRead_256 - 21 Lessons of the Bitcoin Rabbit Hole - Chapter 1
An epic journey with author @dergigi on the unexpected lessons he learned tumbling down the Bitcoin rabbit hole.  One can always take a closer look at Bitcoin and the strange, new phenomenon that it is.  Don't miss this excellent 3 part series found at! Explore the other work and incredible list of further reading and discussion on each lesson in the "Further down the Rabbit Hole" sections:
June 3, 2019
CryptoQuikRead_255 - Bitcoin An Accounting Revolution
“Those who argue “high fees will kill adoption” fail to understand the intensity of assurances Bitcoin offers, and the ease at which it does this. Put lightly — Bitcoin is insanely cheap compared to alternative options for obtaining high degrees of assurance. Bitcoin is a vehicle built for moon missions, but we are giving it similar treatment to a scooter.” @imacallyoujawdy Don't miss an excellent piece exploring the revolution of money and accounting assurances represented in the Bitcoin system.  Plus my own commentary on why gold acted as a check to the accounting limitations of the past & why Bitcoin has changed the entire game all over again.  From @imacallyoujawdy, we read "Bitcoin: An Accounting Revolution." Don't forget to check out the full article and follow the author on Twitter:
May 31, 2019
CryptoQuikRead_254 - Bitcoin & Software Reliability
" 'Break stuff' in that context means 'Kill People.'  The software simply must work every time, no compromise, no guesswork, no exceptions. There are no 'do overs' or roll-backs." The "To the Moon!" Bitcoin meme is far more relevant than many realize.  Bitcoin is mission critical software.  It requires a vastly different engineering philosophy and design.  With a short, but fun piece by @Beautyon_, we break down the conceptual reasons why the development mentality of Bitcoin should be mirror the mentality of those designing software that carries men & woman to the moon. Check out, and drop some applause on the original at the link below.  Don't forget if you like this work that you can send a donation ot the posted address, along with exploring the many other articles from @beautyon_:
May 30, 2019
Guystake_016 - Drama, Drama, Toxic Drama
Curious about all the #BitcoinTwitter buzz recently?  I went digging to find the associated twitter threads & comments to read, and then discuss my own take on all the drama.   Too long; Didn't Listen - • Don't be a jerk. • We aren't responsible for other people's feelings. • If you have to choose between making someone uncomfortable & telling them what you believe to be true, speak the truth. • Open discourse, no matter how "toxic," is preferable to back room political fighting.   • These are the consequences of freedom of speech. The threads in question, plus one I only found after recording the episode (unfortunately) by @TheBlueMatt that's related to the discussion. @soonaorlater (Soona) @nwoodfine (Neil Woodfine) @TheBlueMatt (Matt Corallo) @Excellion (Samson Mow)
May 29, 2019
CryptoQuikRead_253 - The Magic Dust of Cryptography
Exploring the magic of cryptography using a magic hammer, gray dust, a magic potion, & a pair of very special pajama pants. Don't miss another read from @Dergigi on the absolute magic of cryptography and how it will utterly change everything we think we know about the world.  We are entering a new era of human civilization.  Pay close attention, the world will never be the same again. Check out the other work (plus fun graphics & comics) & amazing collection of work we will be revisiting soon on the show, over at If you prefer Medium, be sure to drop some applause on this article: The episode of @CitizenBitcoin mentioned in the show interviewing @dergigi:
May 28, 2019
GuysTake_015 - The Bcash 51% Attack
In a crazy conversation from last night's meet-up, I learned of discussion of a purposeful re-org, a 51% attack, on the #BCH chain by 2 miners.  After a few hours scrambling to pull details together this morning, this is what I've discovered so far.  Don't miss this Guy's Take episode all about the #Bcash 51% attack! These are the links to the conversations and posts that I found relevant information at: Article on hash power dominance of BTC.TOP: Reddit Threads: Found after I finished recording the episode (will update with details in the next show):
May 24, 2019
CryptoQuikRead_252 - Bitcoin's Security is Fine by Dan Held
Is Bitcoin's security going to be unreliable, volatile, or could it even fail entirely when we lose the block subsidy? Or is #Bitcoin set to operate smoothly with a natural transition from newly minted bitcoin, to transaction fees?  Exploring the security of Bitcoin in the next economic era, with Dan Held's amazing piece, "Bitcoin's Security is Fine." Don't forget to check out Dan Held's other work, the amazing set of links throughout the article, and drop some applause below: Don't forget to check out Dan's Held's asset management company, Interchange.
May 23, 2019
CryptoQuikRead_251 - Use of Knowledge in Society [Part 2]
The brilliance of the price system is in coordinating the values, deeply limited knowledge and scarce resources precisely to their highest value need without having to understand or be aware of every single change in supply, alternatives, and uses of those resources among the economic participants.  It is specifically because we only receive the most important piece of information, its new value in relation to other things (the price), that we can so quickly align ourselves with the new state of the world.  Don't miss the conclusion of Hayek's work, "The Use of Knowledge in Society." Visit the full piece, and the collection of other great work, economic analysis, news, & more over at
May 22, 2019
CryptoQuikRead_250 - Use of Knowledge in Society [Part 1]
Is the idea of a central decision maker for the economy just a problem of gathering all the right information and having the most intelligent in control? Or is there a far more fundamental problem with the entire notion? Continuing our #Bitcoin economics week, today we dive into a piece on a concept we haven't yet covered. What is the true nature of the knowledge involved in economic activity, and how do we utilize that knowledge to solve the problem of economic organization?  A brilliant work by F.A. Hayek and made available by the amazing team over at, we cover and expand on Hayek's "Use of Knowledge in Society." Visit the full piece, and the collection of other great work, economic analysis, news, & more over at
May 21, 2019
CryptoQuikRead_249 - Bitcoin Has No Intrinsic Value, & That's Great!
Diving into a great piece by Conner Brown exploring the subjectivity of value, and why Bitcoin's lack of "intrinsic value" is a benefit, not a hinderance. Does this aspect of Bitcoin, and the nature of money align with history? Does it challenge great economic thinkers & their theories? Or is it a natural next step in the growing possibilities of the digital world?  Don't miss a fun episode starting off another week on Bitcoin economics! Dont forget to follow Conner Brown on Twitter and explore his other work on Medium.  Drop some major applause for this excellent piece at the link below: And a reminder to donate if you would like to contribute to the "Bitcoin Attackers Wiki" bounty being organized by JW Weatherman here:
May 20, 2019
CryptoQuikRead_248 - Bitrefill's Hottest Lightning Tech of 2019!
Today we cover all the incredible new developments coming to Lightning and what they will mean for the future the protocol!  First we tackle the blog post from @Bitrefill introducing the entire list, from AMPs & submarine swaps to trampoline payments & rendezvous routing.  Then I discuss at length further details about each and how these tools together may blur the gap between Bitcoin & Lightning, and turn it into a singular experience.  Don't miss today's show!   If you don't know much about how Lighting works, I encourage you to listen to yesterday's episode where I talk more specifically about what it is, why it will benefit the network, and how we know we can trust it.   Don't forget to check out for an awesome service where you can buy mobile minutes, gift cards, games, LN liquidity, & tons of other stuff with Bitcoin, Lightning & other cryptocurrencies.  Check out the original post on their blog below to find links on each of these for further exploration.
May 16, 2019
GuysTake_014 - The What, Why, & How of Lightning
Today, in preparation of & to understand the significance of the vast array of new features and developments coming to lightning, we cover a full overview of the What, Why, & How of the Lightning Network. What exactly is it, why do we need it, and how exactly does it work? A huge thank you to Aaron Van Wirdum, Pierre Rochard, and Rusty Russell for making this understandable for me, we dive into a high level approach to understanding what’s happening in lightning.  In addition, despite forgetting to mention them in the podcast, a shout out to Christian Decker, Andreas Antonopoulos & Bryan Vu who have also produced great great content that helped in my understanding of lightning as well.
May 15, 2019
CryptoQuikRead_247 - The Ancient Sin of Debt; How Bitcoin Can Make Amends
With a really cool and succinct article from Darren Kleine (@_DKleine), today's read is on the "sins" of debt and usury, and how a good or bad monetary system will either encourage its corruption, or protect society from its abuse.  Don't miss a great little read and fun discussion all about the nature of debt, money, and a new financial world built on Bitcoin. The Ancient Sin of Debt: How Bitcoin Can Make Amends Don't forget to follow Darren and explore the many other great pieces he has written on the topic of Bitcoin & money, plus check out the other work constantly being produced over at
May 14, 2019
GuysTake_013 - Nodes vs Miners, Who Defines Bitcoin?
Today we cover more specifically the consequences and risks of a divorce between miners & the network of nodes.  What could the miners do, are sybil attacks proof that nodes worthless, what exactly are the incentives that keep the different players in this ecosystem working together?  Don't miss another fun discussion on what defines Bitcoin, and the role that proof-of-work & validation play in this revolutionary technology.
May 9, 2019
GuysTake_012 - Full Nodes or Nothing, The Story of Validation [Part 1]
When we dig to the very base elements of Bitcoin, we find it is merely digital points.  What make these integers different from identical ones on billions of other computers?  It is the rules that restrict the editing of those specific integers we call Bitcoin, in other words, it is the network of validating nodes that define it. In this episode you will hear Part 1 of my argument as to why. Don't forget to check out @StopAndDecrypt's relevant article series and the amazing graphics for visualizing the relationship between nodes, miners, and the network by visiting the page below:
May 8, 2019
CryptoQuikRead_246 - Errors in Satoshi's Whitepaper
Today we take a stroll through a collection of known errors, clarification, and terminology changes from the original whitepaper made available thanks to David A. Harding. The chain of signatures, "one-CPU-one-vote," the distinction between nodes and miners, and much more.  This will have some important details we will reference later in the week while exploring validation and nodes on the Bitcoin network, and what it means to "define" the Bitcoin system. Check out Harding's Github page for the full list and other work he has put together, and follow him on Twitter so you don't miss other great content and discussion:
May 7, 2019
CryptoQuikRead_245 - Bitcoin's Gravity
A great piece just full of fun analogies on how to imagine the force of nature that is #Bitcoin.  Don't miss our first piece by @dergigi on the show today, exploring Bitcoin as a force of ideological gravity, and how the network codifies a concept into an explicit set of rules to define the game we play.  Today's read, Bitcoin's Gravity! Check out the other work by @dergigi on his personal page below, and also drop some applause on this article and go through the tons of links to the other great work he has spread throughout the piece! Here are the other smattering of links & great reads we have covered in earlier episodes: • Unpacking Bitcoin's Social Contract by @Hasu • Visions of Bitcoin by @Hasu & @nic_carter • Crypto-incrementalism vs Crypto-anarchy by @tonysheng • The Hodlonaut Defense Fund • The Long Road to SegWit • SegWit2X Bugs Explained
May 6, 2019
CryptoQuikRead_243 - Bitcoin in Heavy Accumulation [Part 2]
The conclusion of the Adamant Capital report from Tuur Demeester & Michiel Lescrauwaet on the current state & sentiment of the Bitcoin markets.  What could send the price lower? Where are we in the financialization process of the Bitcoin market? Is there still a possibility that Bitcoin becomes a globally recognized reserve asset?  Find out in Adamant Capital report: Bitcoin in Heavy Accumulation Don't forget to check out the Adamant Capital website & Blog for more data, and download the full report to see the numerous charts and data that is difficult to cover in the audio: Follow the team on Twitter so you don't miss anything:
May 3, 2019
CryptoQuikRead_243 - Bitcoin in Heavy Accumulation [Part 1]
Today & tomorrow we will be going through the Adamant Capital report by Tuur Demeester & Michiel Lescrauwaet on the current state and sentiment of the Bitcoin markets, and the data that backs up their analysis.  Is the bear market over? Should we be searching for bull horns breaking the horizon?  Find out in Adamant Capital report: Bitcoin in Heavy Accumulation Don't forget to check out the Adamant Capital website & Blog for more data, and download the full report to see the numerous charts and data that is difficult to cover in the audio: Follow the team on Twitter so you don't miss anything:
May 2, 2019
CryptoQuikRead_242 - Neutrino is Dangerous to my Self-Sovereignty
In the follow-up to yesterday's article, we are covering Nicolas Dorier's second article on Neutrino, detailing the systemic risks of widespread SPV, and breaking down the different types and specific consequences of various node setups on the network.  With the controversial stance that SPV threatens self-sovereignty more than even custodial wallets, Nicolas cedes no ground.  Don't miss another great article! A brief shout out to the Casa suite in the commentary as well. Don't forget to head over to @nicolasdorier's Medium page and drop some applause on this article, plus check out the other great work he has done on other topics:
May 1, 2019
CryptoQuikRead_241 - Why I Don't Celebrate Neutrino
Today we read an article from developer @nicolasdorier that illustrates why Neutrino might not be the panacea some seem to treat it as.  It certainly has its benefits, but its important to look critically at every proposal, to ensure we understand what is, not what we wish to be. Why I Don't Celebrate Neutrino Don't forget to thank Nicolas for letting me cover his work and head over to his Medium page and drop some applause on this article, or get a head start on his follow-up that we will read tomorrow: Disclaimer: I did not read this article 100% verbatim, as Nicolas's first language is not english, there were multiple slightly odd wordings when read aloud.  I corrected minor word choice/order on a few occasions to make the sentences clearer, but without altering the meaning as far as I interpreted it. Any mistakes in this regard are my own. Previous Episode Introducing Neutrino:
April 30, 2019
CryptoChat_011 - Lightning, Paywall.Link, & the Bootstrap Bandit
Today we bring Tim K (@bootstrapbandit) on the show to talk all about the Lightning Network & a new tool he built at Paywall.Link.  Don't miss this fun conversation about the positives and negatives of lightning, how easy it is to build for, and what the potential for this network is going forward.  Enjoy! Don't forget to follow @BootstrapBandit on Twitter and check out what he is building over at
April 29, 2019