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Bitcoin Audible

Bitcoin Audible

By Guy Swann

The Best in Bitcoin made Audible. Guy Swann makes the knowledge of Bitcoin, the world's most secure, independent money, accessible to everyone. Exploring Bitcoin from an investment perspective, economic analysis, its philosophical foundations, & technological primitives. Reading and distilling thousands of hours of others' works on Bitcoin, Guy explains everything you need to know.
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CryptoQuikRead_207 - Announcing the Casa Browser Extension [Nick Neuman]

Bitcoin AudibleFeb 01, 2019

00:00
30:05
Chat_095 - The Fall of the Fiat Empires with Preston Pysh

Chat_095 - The Fall of the Fiat Empires with Preston Pysh

Guy Swann and Preston Pysh explore the dramatic shifts in global finance and the pivotal role of Bitcoin amidst rising inflation and the banking sector's vulnerabilities. They discuss how Bitcoin's growing influence could recalibrate financial power dynamics, offering a stark contrast to traditional economic mechanisms prone to manipulation and control.

How might Bitcoin's ascent challenge the existing financial order and catalyze a shift towards more decentralized, resilient economic structures?


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Mar 27, 202401:26:43
Guy's Take_082 - Fiat Replacement Theory

Guy's Take_082 - Fiat Replacement Theory

Fiat money has a collection of malincentives and consequences for the degrading and rotting of society. As we covered in the first part of this series, it leads to mindless consumerism and a more materialist culture. As we continue, I want to cover something else that it does by stealing the value of our savings which is our bet on the future health and capacity of society to provide for us. What happens when we are forced to bet against the future. As well as artificially lowering the price to replace things in the economy, until an enormous amount of the economic engine is built around quick financing, low quality products, and then throwing it away to finance the next thing. It's time for a Guy's Take episode, This is The Fiat Replacement Theory.


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"Everywhere I travel, tiny life, single serving sugar, single serving cream, single pad of butter, the microwave, cordon bleu, hobby kit, shampoo conditioner combos, sample packaged mouthwash, tiny bars of soap.

The people I meet on each flight, they're single serving friends.

Between take off and landing we have our time together, that's all we get.

Welcome!"

~ Tyler Durden

Mar 25, 202457:38
Read_810 - Censorship in America

Read_810 - Censorship in America

"The mechanisms enforcing this modern censorship are not confined to private sectors or individual platforms but are significantly directed and influenced by the U.S. government itself. This intertwining of state powers with censorship activities marks a troubling departure from traditional American values, where free speech has been held sacred."

~ Dr. Joseph Mercola


The troubling and dangerous emergence of a modern censorship system has taken hold in the west. A partnership of the governments, the military industrial complex, tech giants, and establishment news media have together subtly transformed the internet from a freedom-promoting platform into a tightly monitored, controlled, and censored environment. Could this be the end of free speech online, and what, if anything, can we do about it? All this and more as we cover Dr. Joseph Mercola's excellent article and expand in the Guy's Take to follow.


Check out the original article at The National Security State Is the Main Driver of Censorship in the US. (Link: https://tinyurl.com/4h6k67zr)


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"The world is not sliding, but galloping into a new transnational dystopia. This development has not been properly recognized outside of national security circles. It has been hidden by secrecy, complexity and scale. The internet, our greatest tool of emancipation, has been transformed into the most dangerous facilitator of totalitarianism we have ever seen."

~ Julian Assange

Mar 22, 202401:04:34
Chat_094 - Pessimism, Optimism, & Rationally Passionate Ranting with Clint Russell

Chat_094 - Pessimism, Optimism, & Rationally Passionate Ranting with Clint Russell

"As far as I'm concerned, there's no obvious increased danger from the CCP having control over our access or our information or even modifying the algorithm, than it is the alphabets of the world or the METAs of the world or the CIA or the FBI's of the world, like these people... as far as I'm concerned, the United States federal government is way more of an existential threat to me than the CCP. I'm domiciled here, they have the ability to fine and tax and sanction and imprison me for wrong think. That's a way more clear and present danger."

~ Clint Russell


The bill to ban Tiktok, the risks of legislative "solutions," blaming technology for cultural decay, the death of personal responsibility, the second wave of the banking crisis, the systemic problems of fractional reserve, and the possibility of a path out of all of this mess. All this and more in our winding chat with Clint Russell of the Liberty Lockdown and The Best Political Show podcasts. Don't miss this one.


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Mar 20, 202402:01:21
Read_809 - Bitter Opposition to Bitcoin

Read_809 - Bitter Opposition to Bitcoin

"In a system that depends on irresponsible government spending (especially for perpetual war) and fiat printing to cover that irresponsibility, alarm bells cannot be allowed to work. There must be no pure price signals.

~ MacroScope


In "Bitter Opposition to Bitcoin," the episode delves into the reasons behind policymakers' aversion to Bitcoin, particularly the prospect of a Bitcoin ETF. What if the antagonism has nothing to do with the openly stated claims? Does Warren actually think Bitcoin is used by only criminals, or does she hate it for another reason entirely, one that cannot be admitted? We dive into a great little tweet from MacroScope in today's show to find out.


Check out the original article at MacroScope on X. (Link: https://tinyurl.com/2dnxcvns)


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“The first duty of a man is to think for himself”

~ Jose Marti

Mar 19, 202443:54
Read_808 - Bitcoin is Worse than a Ponzi, It's An Insurrection

Read_808 - Bitcoin is Worse than a Ponzi, It's An Insurrection

"Bitcoin will probably crash again but it is neither a Ponzi scheme nor a bubble – it’s something far worse: It is an inherently secure, tightly-controlled asset with a regulated supply, and is therefore a subversion to the whole basis of free-market financial capitalism."

~ Alan Kohler


What if Bitcoin is actually much worse than a Ponzi scheme? What if it's both here to stay, but also a total subversion to the very idea of the system we are currently in? Could this be another insurrectionist attack on this great nation and others? What if the systems that keep us safe and keep our financial system secure and solvent were to be undermined by a new rogue asset, that could threaten the foundations of all we have built? Find out the dangers of Bitcoin in today's read by Alan Kohler...


Check out the original article at Alan Kohler: Bitcoin is not a Ponzi bubble. It’s worse – an insurrection. (Link: https://tinyurl.com/33nnhbjn)


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Mar 15, 202449:24
Read_807 - A Measure of Sacrifice, Part 2

Read_807 - A Measure of Sacrifice, Part 2

"Of all measurement instruments, the clock is the most valuable because so many of the things we sacrifice to create are not fungible. The massive clock towers of Europe, with their enormous loud and resonant bells, broadcasting time, fairly across the town and even the countryside, rather than the last relics of the medieval, were the first building block of the wealthy modern world."

~ Nick Szabo


Part 2 of "A Measure of Sacrifice" delves into the profound impact of mechanical clocks on societal structures, emphasizing how the precise measurement of time transformed economic practices and labor relations. By creating a standardized and fungible measure of sacrifice — time — clocks facilitated the shift from serfdom and slavery to wage labor, showcasing the power of technological advancements in reshaping human interactions and values. How does this illuminate the value and role of Bitcoin in creating a new revolution in the measure and exchange of sacrifice, independently and verifiably? Could it end monetary slavery?


Check out the original article at ⁠A Measure of Sacrifice ⁠(Link: https://tinyurl.com/3j54336p)


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“When you want to help people, you tell them the truth. When you want to help yourself, you tell them what they want to hear.”

~  Thomas Sowell

Mar 13, 202459:22
Read_806 - A Measure of Sacrifice, Part 1

Read_806 - A Measure of Sacrifice, Part 1

"From an engineering perspective the mechanical clock with its novelty, the escapement, was by far the more important invention. In terms of its impact on contemporary temporal relationships, the mechanical clock and sandglass were of similar importance. The main innovations were the restructurings of the relationships themselves. Chief among these was the time-rate wage, which played a leading role the economic revolution that started in the late Middle Ages. -- During this era physically coerced labor gave way to worker choice; serfdom and slavery succumbed to the time-rate wage." ~ Nick Szabo


In this episode, we dive deep into the fascinating history of timekeeping and its revolutionary impact on society and our economy. Join me, Guy Swan, as we explore "A Measure of Sacrifice" by Nick Szabo, uncovering the profound connection between the evolution of clocks, the concept of proof of work, and our modern understanding of value and fairness. Don't miss this journey through time—right here on Bitcoin Audible.

Check out the original article at A Measure of Sacrifice | Satoshi Nakamoto Institute. (Link: https://tinyurl.com/4dhej9dc)


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"There is no second best" ~ Michael Saylor

Mar 11, 202401:10:22
Guy's Take_081 - Fiat Materialism

Guy's Take_081 - Fiat Materialism

I'm sure you have heard the claim that without inflation and the good people running the counterfeit machine, people would never spend money and it would cause an economic crisis. But have you ever seriously considered what the consequences of encouraging consumption and materialist economic activity might actually be, and whether we really need to subsidize the human desire to use up resources? What if it degrades the very process by which we even determine what our resources are worth to begin with? It's time for a Guy's Take episode.


Listen to the recent read by Hulsmann to understand the foundations of this episode


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"And were an epitaph to be my story I'd have a short one ready for my own. I would have written of me on my stone: I had a lover's quarrel with the world."

~ Robert Frost

Mar 06, 202458:48
Read_805 - Dear Crypto & Fiat Bros

Read_805 - Dear Crypto & Fiat Bros

"Whether you're a rekt crypto bro or a friend of fiat, there is one thing that is especially difficult to accept. The one thing that sets Bitcoin apart: it all works without anyone in charge."

~ Gigi


The crypto and fiat bros of the world are likely in shock as Bitcoin, once again, has not died. Once again, rallies toward all time highs despite the clear "unbacked tulip mania bubble" that it really is if you ask the typical fiat and crypto minded. I think it's valuable to go back to a piece written by the ever-thought provoking mind of DerGigi in the very heart of the bear market. How could it be so clear that we were headed back here? What could lead to such conviction? What do we understand, that others don't? Find out in today's excellent read.


Check out the original article at Dear Crypto & Fiat Bros. (Link: https://tinyurl.com/5n9byjh9)


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“Sometimes the questions are complicated and the answers are simple.”

~ Dr. Seuss

Mar 04, 202457:06
Read_804 - The Past, Present, & Future of Offline Payments

Read_804 - The Past, Present, & Future of Offline Payments

"It might feel as if the promised future is perpetually out of reach, but building Lightning is a lot like climbing a mountain. Climbers never really see the summit until they’re standing on top of it. They often can’t even see over the next ridge. Planning the ascent is important, but most of the time you’re simply concentrating on the next foothold. But the steps add up. Just like the view from the top is the reward for all that effort, a brighter monetary future will be our reward for building the network bit by bit."

~ Roy Sheinfeld


Today we dive into a short read covering an interesting technical challenge, but touches on a hint of truth that makes for a fascinating commentary to follow. It is easy to get lost and see where Bitcoin's potential hasn't lived up to impossible promises, but its critical that we not lose sight of where we have come from. To have a perspective rooted in reality weighing our progress from where we actually came, not lost in a foolish expectation and comparing to a falsely remembered past. Let's dive into a great little piece from Roy Sheinfeld, CEO at Breez.


Check out the original article at The Past, Present, and Future of Offline Payments. (Link: http://tinyurl.com/mtmvatbx)


Mentioned in the episode


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“We can complain because rose bushes have thorns, or rejoice because thorns have roses.”

~ Alphonse Karr

Feb 28, 202401:03:00
Read_803 - Inflation in a HyperBitcoinized World

Read_803 - Inflation in a HyperBitcoinized World

"Izzy said there could be inflation in a hyperbitcoinized world. And she's right. Calm down, maxis, calm down! Explaining why this is true sheds light on yet another of Bitcoin’s quasi-magical properties and paints our hyperbitcoinized future an even rosier shade of orange. This is good for Bitcoin."

~ Allen Farrington


This may seem crazy, heretical even, but inflation can occur in a hyperbitcoinized world. How could that possibly be? When there's only ever 21 million BTC? Is this nothing but fiat nonsense, or does it clarify an important distinction while at the same time revealing the absurdity of a major keynesian economic model? Listen to Allen Farrington's 2021 piece on the topic today to find out.


Check out the original article at Inflation In A Hyperbitcoinized World (Link: http://tinyurl.com/yeyp6mk4)


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"It's the questions we can't answer that teach us the most. They teach us how to think. If you give a man an answer, all he gains is a little fact. But give him a question and he'll look for his own answers."

~ Patrick Rothfuss, The Wise Man's Fear

Feb 27, 202441:46
Chat_093 - P2P Payments for the World with Roy Sheinfeld
Feb 23, 202401:42:14
Read_802 - How Inflation Destroys Civilization

Read_802 - How Inflation Destroys Civilization

Feb 21, 202458:28
Read_801 - To Dust You Shall Return

Read_801 - To Dust You Shall Return

"During the peak transaction fee times over the past month, our example transaction would be dust even for .001 BTC. That’s a little less than $50 at current market conditions. This feels incredible. 100,000 sats suddenly turned into dust. Gone. Unusable. This is terrifying."

~ Joe Rodgers


While we have a short respite from the crazy fees that have hit the Bitcoin world recently, there couldn't be a more important time to discuss the cost of moving UTXOs and just how to manage your bitcoin balances so they don't get swallowed by high fees. Have you analyzed your bitcoin balances and transactions to know where you stand? Have you consolidated your weekly purchases? Don't let your bitcoin turn to dust, listen to today's episode to learn how to protect yourself.


Check out the original article at To Dust You Shall Return. (Link: http://tinyurl.com/kmuw7bn9)


Links to other things mentioned in the shownotes

Bitcoin Audible - Read_791 - Rethinking Lightning (Link: http://tinyurl.com/3j8yke2d)


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“The reason most people fail instead of succeed is they trade what they want most for what they want at the moment.”

~ Napoleon Bonaparte

Feb 19, 202444:18
Chat_092 - Second Coming of the P2P Web

Chat_092 - Second Coming of the P2P Web

We had an awesome chat on Twitter Spaces where we discuss the launch of Pear Runtime, bringing Paolo Arduino, Mathias Buus, David Markclem, Samson Mow, and Giacomo Zucco!

We dig into what this could mean for the future of application development, the impact it will have on the tech industry, how it could disrupt monetization models, how this could be used in gaming, journalism, social media, et al, the control it will shift back to the user, and about ushering in the second coming of the peer to peer web. This is a huge moment for P2P, don't miss this chat!


Don't forget to check out the many links and tools available to explore this incredible tech!


Join the Keet room with the Pear Community (Link: https://pears.com/contact/)


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“Your beliefs become your thoughts, Your thoughts become your words, Your words become your actions, Your actions become your habits, Your habits become your values, Your values become your destiny.”

~ Gandhi

Feb 16, 202402:13:30
Read_800 - Mining Misinformation - How the UN Misrepresents Bitcoin Mining

Read_800 - Mining Misinformation - How the UN Misrepresents Bitcoin Mining

"For too long, the world has had to endure the fallout of subpar academic research on bitcoin mining’s energy use and environmental impact. The outcome of this bullshit research has been shocking news headlines that have turned some well-meaning people into angry politicians and deranged activists. So that you never have to endure the brutality of one of these sloppy papers, I’ve sacrificed my soul to the bitcoin mining gods and performed a full-scale analysis of a study from the United Nations University, published recently in the American Geophysical Union’s Earth’s Future. Only the bravest and hardest of all bitcoin autists may proceed to the following paragraphs, the rest of you can go back to watching the price chart."

~ Margot Paez


The battle for common sense in Bitcoin regulation and understanding of its energy use and environmental footprint may not ever be winnable, but in the course of the war on garbage research, if from time to time we get entertaining and scathing articles like this one from Margot Paez that tears apart their research... maybe it'll all be worth it.

A major shout out to btcpolicy.org for their incredible work.


Check out the original article at Mining Misinformation: How The United Nations University Misrepresents Bitcoin's Energy Use (Link: http://tinyurl.com/43f4ubtr)


For the other links and references shared in the angry rant following the read


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“Forming your worldview by relying on the media would be like forming your view about me by looking only at a picture of my foot.”

~ Hans Rosling

Feb 14, 202401:15:34
Read_799 - Nostr Wallet Connect - Bitcoin App Collaboration

Read_799 - Nostr Wallet Connect - Bitcoin App Collaboration

"NWC is useful for far more than simply integrating Lightning into Nostr applications as well. The entire design philosophy of Nostr itself as a protocol was centered around keeping it simple enough that the entire protocol could be easily implemented correctly by any developer with minimal time and resources. Applications that have nothing to do with Nostr can easily integrate NWC or similar protocols with almost no overhead or complexity to address the underlying issues of how to connect a Bitcoin wallet with their application without having to build it directly into the app."


What if some of the biggest improvements in security, decentralization, and the power of Bitcoin and its app ecosystem, isn't a new OP_CODE or functionality of the bitcoin client, but instead the utilization of something completely separate? What if we can use Nostr, or other decentralized protocols, as identity and coordination layers for Bitcoin apps, so new applications can quickly and easily communicate, and connect to other devices and wallets, without the incredible overhead and complexity that this usually entails? This, is Nostr Wallet Connect.


Check out the original article at ⁠Nostr Wallet Connect: A Bitcoin Application Collaboration Layer. ⁠(Link: http://tinyurl.com/3w7fe7nf)


References in the commentary


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“It occurs to me that our survival may depend upon our talking to one another.”

~  Dan Simmons

Feb 12, 202457:18
Read_798 - Quantum Computing's Reality Check

Read_798 - Quantum Computing's Reality Check

The main promise of quantum computing is the ability to solve problems far faster than classical computers, but exactly how much faster varies. There are two applications where quantum algorithms appear to provide an exponential speed up, says Troyer. One is factoring large numbers, which could make it possible to break the public key encryption the internet is built on. The other is simulating quantum systems, which could have applications in chemistry and materials science."

~ Edd Gent


Is Bitcoin destined to fall when quantum computers make their debut? Is the encryption that underpins the entire design of the system at risk this year? This decade? This century? What is the real story behind quantum computing and is there anything we can know from looking at the industry today and where it has, or has not succeeded, in living up to its many promises? Find out in today's episode.


Check out the original article at Quantum Computing’s Hard, Cold Reality Check Hype is everywhere, skeptics say, and practical applications are still far away. (Link: http://tinyurl.com/4xsrz2y3)


References made in the show


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  • Swan: The best way to buy, learn, and earn #Bitcoin (Link: https://swanbitcoin.com)


There is only one kind of shock worse than the totally unexpected: the expected for which one has refused to prepare.”

~ Mary Renault

Feb 09, 202442:28
Read_797 - The Next Big Thing Will Look Like a Toy

Read_797 - The Next Big Thing Will Look Like a Toy

"One of the amazing things about the internet economy is how different the list of top internet properties today looks from the list ten years ago.  It wasn’t as if those former top companies were complacent – most of them acquired and built products like crazy to avoid being displaced.

The reason big new things sneak by incumbents is that the next big thing always starts out being dismissed as a “toy.”

~ Chris Dixon


Why do so many miss the biggest innovations and most revolutionary technologies sitting right in front of their eyes? Sometimes, like Bitcoin, it is such a drastic change, or solves something so fundamental, that many aren't even aware of the problem. It simply doesn't fit in their worldview. But far more often disruptive technologies are dismissed because they find their first footing in a small, obscure, or purely explorative niche... in other words, they get mistaken as a toy, until they change the world.


Check out the original article at The next big thing will start out looking like a toy. (Link: http://tinyurl.com/3av4vk4d)


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“All big things come from small beginnings. The seed of every habit is a single, tiny decision. But as that decision is repeated, a habit sprouts and grows stronger. Roots entrench themselves and branches grow. The task of breaking a bad habit is like uprooting a powerful oak within us. And the task of building a good habit is like cultivating a delicate flower one day at a time.”

~ James Clear, Atomic Habits

Feb 08, 202440:34
Guy's Take_080 - But Bitcoin Wastes Energy

Guy's Take_080 - But Bitcoin Wastes Energy

"Bitcoin wastes energy. You've heard it a million times. But what if its the exact opposite of the truth in every way? What if its actually our energy grid that is wasteful, and Bitcoin can fix it? What if its renewable energy that is unreliable and uneconomical, and bitcoin mining can balance it out. What is its fiat that's wasteful and unfair, and Bitcoin can correct it? And what if the entire premise is built upon the failure to even understand what it is that Bitcoin does? I think it's time for a Guys' Take episode"


Today we follow up Gladstein's incredible read, and delve into the potential of Bitcoin mining to balance renewable energy sources, correct the wastefulness of fiat currencies, and provide an economically sustainable solution to the world's monetary problems. With insights into how Bitcoin not only conserves but optimizes wasted energy, the discussion challenges prevailing narratives about Bitcoin's energy consumption, offering a fresh perspective on its role in environmental sustainability and economic empowerment.


Other Episodes to explore the energy argument


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"Of all tyrannies, a tyranny sincerely exercised for the good of its victims may be the most oppressive. It would be better to live under robber barons than under omnipotent moral busybodies. The robber baron's cruelty may sometimes sleep, his cupidity may at some point be satiated; but those who torment us for our own good will torment us without end for they do so with the approval of their own conscience."

~ CS Lewis

Feb 05, 202401:39:09
Read_796 - Stranded - How Bitcoin is Saving Wasted Energy

Read_796 - Stranded - How Bitcoin is Saving Wasted Energy

"One night during my visit to Bondo, Carl asked me to pause as the sunset was fading, to look at the hills around us: the lights were all turning on, all across the foothills of Mt. Mulanje. It was a powerful sight to see, and staggering to think that Bitcoin is helping to make it happen as it converts wasted energy into human progress."

~ Alex Gladstein


Can you imagine what it may be like to lack access to the most basic necessities like electricity, only to finally have the opportunity to turn your lights on as the sun sets, due to a room of computers, hashing away for the Bitcoin network? Alex Gladstein of the Human Rights Foundation brings us another incredible piece on how Bitcoin is freeing both the persecuted people and the wasted energy on the African continent. Not in some theoretical sense or some future hypothetical scenario, but today for real people. If you listen to any articles this week, this is the one not to miss.

Check out the original article on Bitcoin Magazine: STRANDED - How Bitcoin is Saving Wasted Energy in Africa. (Link: http://tinyurl.com/357c7f3p)


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“Sovereignty is not given, it is taken.”

~ Mustafa Kemal Atatürk

Feb 02, 202401:42:22
Read_795 - Bitcoin is Dead (Long Live IBIT)

Read_795 - Bitcoin is Dead (Long Live IBIT)

"To put it simply, there are now corporations with billions of dollars of investment in not just the asset, but the ecosystem. Mining is a huge economic drain on the system, and all it accomplishes is censorship resistance. If censorship resistance isn’t worth tens or hundred of billions or dollar per year to the corporations; they will find a way to end it. When they do try to end it, they can point to the ETFs enduring appeal and ignore any constitutional brinkmanship from OG Bitcoiners who threaten to reject the new rules or sell their stacks."

~ Achim Warner


Does the approval and potentially massive success of the Bitcoin ETFs in the west change the incentive dynamics of the Bitcoin system? If the BlackRock ETF becomes the dominant form of liquidity for Bitcoin purchasing among the millions of fools who do not understand or care about its value or ethos, does this open a path to remove bitcoin's mining process completely, as censorship resistance becomes nothing more than an arbitrary cost? Is this the inevitable end for Bitcoin given a long enough amount of time for the ideology that protected it to be watered down, until it is unrecognizable?

Find out in today's read and the Guy's Take to follow


Check out the original article at Bitcoin is dead (long live IBIT) by Achim Warner. (Link: http://tinyurl.com/2xresf8y)


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"The first principle is that you must not fool yourself, and you are the easiest person to fool."

~ Richard P Feynman

Jan 31, 202401:10:04
 Chat_091 - Economic Myths & The Dollar's Destiny with Dr. Robert Murphy
Jan 30, 202401:15:03
Read_794 - Open Letter To Prospective ETF Buyers

Read_794 - Open Letter To Prospective ETF Buyers

"Bitcoin enables perhaps the most powerful mode of ownership ever devised; it would be akin to gold inside a safe that can’t be penetrated with all the energy the universe, and with a password that you know but which could not be guessed over the entire lifetime of the universe."

~ Allen Farrington


What if buying an ETF of Bitcoin, is contradictory to the very investment thesis of Bitcoin itself. Knowing the investment thesis for bitcoin, should entail the understanding that bitcoin's value proposition is undermined by the very notion of holding a credit instrument in its place. Farrington breaks down a few of the reasons why in this excellent, short letter to those considering a purchase of the newly approved bitcoin ETFs.


Check out the original article at An Open Letter to Prospective Buyers of a Bitcoin ETF. (Link: http://tinyurl.com/ykktptk4)


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“Freedom is not worth having if it does not include the freedom to make mistakes.”

~ Mahatma Gandhi

Jan 26, 202433:08
Read_793 - How DigiCash Blew Everything

Read_793 - How DigiCash Blew Everything

"Retrospectively, a lot of ex-DigiCash employees understand why Chaum was so paranoid.  As a cryptographer you have to assume the whole world is trying to rip you off.  A certain amount of paranoia is part of the job. Chaum had also worked for intelligence agencies, and that didn't fortify his faith in the good intentions of humankind. His vision of the privacy of the individual was almost an obsession.  In 1996 he said, in the relations magazine of Honeywell-Bull: "The difference between a bad electronic cash system and well-developed digital cash will determine whether we will have a dictatorship or a real democracy."

~ NEXT Magazine, 1999


Today's story unfolds around the rise and fall of DigiCash, a pioneering company in digital currency from the 90s. It delves into the paradox of its founder, David Chaum, a visionary yet paranoid cryptographer, whose brilliance in cryptography was overshadowed by his poor business acumen and inability to delegate. This leads to a compelling question: How did DigiCash, despite its advanced technology and potential to revolutionize digital payments, fail and how would the past have been different if it hadn't?

This is an amazing blast from the past with many lessons to learn, don't miss the article and the Guy's Take to follow!


Check out the original article at How DigiCash Blew Everything. (Link: http://tinyurl.com/2s37ew47)


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“The most effective way to destroy people is to deny and obliterate their own understanding of their history.”

~ George Orwell

Jan 24, 202451:49
Chat_090 - The Danger of Being Right Too Early with Devon Eriksen

Chat_090 - The Danger of Being Right Too Early with Devon Eriksen

Sometimes in life and the course of history, there are moments where simply stating the truth, in a clear and understandable way, can stir a fire in thousands or even millions of people.


Devon Eriksen, author and destroyer of socialist nonsense, joins us today to get to know him and his perspective. We discuss the nature of story, the importance of culture, the power of stating the simple truth, the dangers of being right too early, and what we need to do to turn the tide of a dying moral code and protect our values for future generations.


Links Referenced

  • Small Gods by Terry Pratchetts - Amazon (Link: http://tinyurl.com/28wx874m)
  • Theft of Fire: Orbital Space by Devon Eriksen - Amazon - Smashwords (Link: http://tinyurl.com/36vxwc9n) (Link: http://tinyurl.com/3k64zuc7)
  • More buying options (Link: http://tinyurl.com/yt5d35n3)
  • Devon's Website (Link: http://tinyurl.com/yc6v5v7w)


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"Enjoy the hell out of this one you will."

~ Yoda

Jan 23, 202401:44:06
Guy's Take_079 - BITCOIN IS NOT MONEY

Guy's Take_079 - BITCOIN IS NOT MONEY

"I hope Bitcoin sticks around and grows more popular, but in its current form to most in #TradFi it is the opposite of SOUND MONEY, especially if it takes cult-like behavior to make it grow. It needs the STATE to force its use on everyone. That is what makes it MONEY."

~ Samantha LaDuc


Today we dive into the enlightening twitter thread from financial analyst Samantha LaDuc on why Bitcoin cannot be and is not money, one of which is because money is enforced by the state, but that's only just the beginning.

We witness another instance of the unfortunate confidence where people in finance mistakenly think that because they deal with money, and numbers, and charts, and P/E ratios, that this means they understand *money.* A very, very different discipline that is meaningful over far, far larger time horizons. So let's take a peak into this world view, and then in the spirit of debate... tear it apart. I think you'll enjoy this one 😜


Check out the original tweet at Samantha La Duc's profile. (Link: https://twitter.com/SamanthaLaDuc)


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“Facts do not cease to exist because they are ignored.”

~ Aldous Huxley

Jan 20, 202401:03:10
Read_792 - How CTV Helps Scale Bitcoin

Read_792 - How CTV Helps Scale Bitcoin

"Part of the problem of Lightning’s shortcoming regarding scalability of Bitcoin ownership is that in order to open a channel, or control a UTXO, you actually have to transact on the base layer. After that Lightning can facilitate a very large number of transactions off-chain but a user must still transact on-chain to onboard themselves to Lightning, It massively increases the number of transactions Bitcoin can process but it does nothing at all to increase the number of people who can own bitcoin.

~ Shinobi


With scaling a hot issue again, and CTV coming back from the dead with concrete proposals, and covenants on the table, its time to dive back in and make sense of the options, and the concept of scaling not just bitcoin payments, as lightning has done, but Bitcoin ownership. From UTXOs to virtual UTXOs, could this primitive be the next major step in bringing Bitcoin sovereignty to the whole world?


Check out the original article at How CTV Helps Scale Bitcoin. (Link: https://bitcoinmagazine.com/technical/how-ctv-can-help-scale-bitcoin)


A great primer for this episode and discussion is


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“The best way to find out if you can trust somebody is to trust them.”

~ Ernest Hemingway

Jan 17, 202449:00
Chat_089 - Lightning's Next Era with Sam Wouters
Jan 15, 202401:32:05
Guy's Take_078 - Are the ETFs the End of the Bitcoin Dream?

Guy's Take_078 - Are the ETFs the End of the Bitcoin Dream?

The legacy financial system has arrived. One January 10th, numerous Bitcoin ETFs were approved. But is this even a good thing? What does this signal for the legitimacy of Bitcoin as an asset? What does it mean for the sovereignty of the network? This could both bring trillions of dollars in liquidity into Bitcoin and break through the Overton window of the average person. This may make bitcoin "real" for many who refused to pay attention before. But the big question... the real risk, is if we cannot scale sovereignty in Bitcoin to everyone in the world, what if we just end up with Gold 2.0? In a world of unbacked paper, and no way out?

It's time for a Guy's take episode. Are the ETFs the End of the Bitcoin Dream?


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"No man is brave that has never walked a hundred miles. If you want to know the truth of who you are, walk until not a person knows your name. Travel is the great leveler, the great teacher, bitter as medicine, crueler than mirror-glass. A long stretch of road will teach you more about yourself than a hundred years of quiet."

~ Patrick Rothfuss

Jan 13, 202459:10
Read_791 - Rethinking Lightning

Read_791 - Rethinking Lightning

" Channel liquidity and offline receives, in my opinion, are the two most obvious reasons why self-custodial lightning is not popular. When most users hear about any of these, they just think "screw that" and move to a custodial wallet because it is so much easier. If these were our only two problems, I think self-custodial lightning would be fine. It may never be the predominant way people use lightning, but we could get the UX good enough that we have a significant portion of people using lightning in a sovereign way. However, there are more problems under the surface."

~ BenTheCarmen


Is it time to reframe our image of where lightning's role lies in the Bitcoin stack? There have been problems in the implementation that make the self custodial road a far more difficult UX challenge. While much of it has been mitigated, a few intractable problems remain, and some may be an existential result of how LN enforces security on the main chain. Where will the users be in a world of a billion Bitcoin users? And can the promise of lightning ever be fulfilled?

Check out the original article at Rethinking Lightning. (Link: http://tinyurl.com/mvcmwubk)


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"There are no solutions, there are only trade-offs."

~ Thomas Sowell

Jan 09, 202450:56
Read_790 - The African Village Mining Bitcoin

Read_790 - The African Village Mining Bitcoin

"The computers used to create valuable new Bitcoin tokens and validate transactions consume around the same amount of energy as a medium-sized country such as Sweden would generate. Hence the stinging critique of how this cryptocurrency wastes the planet’s precious resources." — Ian Birrell


Is it true that Bitcoin only wastes energy and is the sole purview of financial gambling and speculation in the western world, or are there boots on the ground showing the real results of the "pioneer species" thesis we've recently covered? What if Bitcoin is bringing both financial independence, and electricity, those those with no other viable options? This incredible article is not to be missed.


Check out the original article at The African village mining Bitcoin - UnHerd (Link: https://unherd.com/2024/01/the-african-village-mining-bitcoin/)


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“Technological change is not additive; it is ecological. A new technology does not merely add something; it changes everything.”

― Neil Postman

Jan 08, 202441:24
Read_789 - Can Appreciating Bitcoin Be a Good Money?

Read_789 - Can Appreciating Bitcoin Be a Good Money?

"Bitcoin appears to be a decentralized Ponzi scheme not a decentralized currency. People don't spend it because they want it to go up. The dollar works because of inflation. It keeps velocity up like hot potato. If you want to store value silver gold and land. Because it's beautiful useful and valuable. Bitcoin is a Ponzi scheme without an individual attached to it to go to prison. So the media can control swings for profit. That's my opinion about bitcoin. The purpose isn't currency the purpose is to make dollars. The dollars "weakness" is actually why it won't be replaced. Velocity."

— Owen Benjamin


Today we read a great little article from Robert P Murphy that challenges the notion that a currency must be "weak," in order for it to work as money. And while in some sense bitcoin is not yet money when it comes to wide spread acceptance, is it possible, that it one day could be? Don't miss this one.


An open invitation to Robert Murphy to chat on Bitcoin Audible.


Check out the original article at:


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“Production is quite possible without money. There is no need for money either in the isolated household or in the socialized community. Nowhere can we discover a good of the first order of which we could say that the use of money was a necessary condition of its production.”

― Ludwig von Mises

Jan 06, 202401:00:47
Read_788 - Stone Ridge 2023 Investor Letter

Read_788 - Stone Ridge 2023 Investor Letter

"Since 2017, bitcoin has been Stone Ridge’s treasury reserve asset because of my extreme aversion to risk. We run net short USD – which is fancy way of saying we net borrow fiat - to pay bills and make investments. We save in bitcoin. It would be impossible to overstate the corporate advantages of being on the Bitcoin Standard. Since 2017, we’ve doubled our franchises to ten, more than 10x’d our trading profits, and delivered 25% annualized ROE for our shareholders. Our firm compensation, rent, and total expenses are up 89%, 119%, and 69%, respectively, in fiat, and down 36%, 26%, and 43%, respectively, in bitcoin."

~ Ross Stevens


Today we dive into the Stone Ridge Investor Letter for 2023, sharing wisdom on staying grounded and grateful, exploring long term investment perspectives, and dropping bombs regarding the foolishness of being on the fiat standard, and the incredible advantage of having a bitcoin treasury. This is a great read, not to be missed. A shout to Ross Stevens for the incredible work he is doing.

Check out the original article at Stone Ridge 2023 Investor Letter (Link: http://tinyurl.com/j4serp6v)


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“There are only two ways to live your life. One is as though nothing is a miracle. The other is as though everything is a miracle.”

~ Albert Einstein

Jan 03, 202401:31:28
Read_787 - Usury, Your Bank, and You

Read_787 - Usury, Your Bank, and You

"This decision, which is legally sound, has the effect of declaring all private mortgages on real and personal property, and all U.S. and State bonds held by the Federal Reserve, National, and State banks to be null and void. This amounts to the emancipation of this Nation from personal, national, and state debt purportedly owed to this banking system. Every American owes it to himself to study this decision very carefully, for upon it hangs the question of freedom or slavery."

~ Jerome Daly


Is it an exaggeration to say the financial and banking system of today have re-enslaved the country? Or is there a serious argument to be made, that explains why all those who build and create all the value of the modern, somehow owe it all back to the bankers, to those who contributed nothing to its creation. How can that be? Find out in Daniel Prince's recent piece, "Usury, Your Bank, and You."


Check out the original article at Usury, Your Bank, And You. (Link: http://tinyurl.com/27nwdcyj)


Mentioned in the take

Broken Money: Why Our Financial System Is Failing Us and How We Can Make It Better by Lyn Alden (Link: https://a.co/d/dGnqS4G )

The Fiat Standard: Debt Slavery Alternative to Human Civilization by Saifedean Ammous (Link: https://a.co/d/dXa4HpF)

Layered Money: From Gold and Dollars to Bitcoin and Central Bank Digital Currencies by Nik Bhatia (Link: https://a.co/d/dlxqudX)


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"They muddy the water to make it seem deep"

~ Friedrich Neitzche

Jan 01, 202401:00:38
Reboot - Bitcoin is a Pioneer Species

Reboot - Bitcoin is a Pioneer Species

“This makes Bitcoin miners uniquely symbiotic with energy grids serving as “demand response” partners. If energy is ever in short supply, people get priority over Bitcoin miners. However whenever there is excess energy, it gets monetized. This symbiotic relationship leads to more energy abundance generally.”

~ Brandon Quittem


Another great piece coming at you today from The Bitcoin Times Ed 4, and by returning author Brandon Quittem, who did the incredible Mycelium Series for understanding Bitcoin through the lens of an organic mycelium like organism. Today he tackles Bitcoin mining, and how the altered incentives of Bitcoin make it a pioneer species that will allow us to expand into energy deserts, and spread the scope of civilization in a way not immediately obvious. Don’t miss today’s excellent read, "Bitcoin is a Pioneer Species."

Check out the original article at Bitcoin is a Pioneer Species. (Link: http://tinyurl.com/y9nd764c)


Links for further exploration (drop some massive applause)


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Dec 30, 202301:57:36
Read_786 - The Difficult Adjustment

Read_786 - The Difficult Adjustment

"We’re less than a year from another halving, awaiting systemic implications from federal regulation and institutional adoption, standing at the precipice of an American primary election into which Bitcoin has irrevocably inserted itself.

Welcome to the big leagues."

~ Mark Goodwin and Alex Bergeron


We are headed into a new era for Bitcoin. The stakes are higher, and the challenges will be even greater. There will be inevitable shifts in how we use and how we think of Bitcoin as a system. And there is a monumental amount of work to be done to secure it's promise for the future to come. Complacency is not an option. Today we read an excellent piece from Bitcoin Magazine by Mark Goodwin and Alex Bergeron, The Difficult Adjustment.


Check out the original article at The difficult adjustment. (Link: http://tinyurl.com/4whtmtb6)


Don't forget to check out my other podcast, AI Unchained (Link: http://tinyurl.com/mryshwb5), as well as the content now available on the Youtube. Tons to explore for the future of money and the future of the digital world.


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"Power concedes nothing without a demand. It never did and it never will."

~ Frederick Douglass

Dec 27, 202301:04:00
Reboot - The HODL vs DeaterBob Debate

Reboot - The HODL vs DeaterBob Debate

"You’re a thirsty bitch. You like to gargle Peter’s balls."

~ DeaterBob


Merry Christmas! In this reboot episode, we revisit the infamous debate between Bitcoin plebs American HODL and DeaterBob. They're on the same mission of pushing Bitcoin adoption, but their principles and who they're willing to buddy up with couldn't be more opposite. This episode is a lighthearted journey into the hilarious underbelly of discussions in the Bitcoin community.

Check out the original article at AH & Deater. (Link: http://tinyurl.com/mswfx84r)


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Dec 26, 202348:26
Reboot - Isaiahs Job

Reboot - Isaiahs Job

"There is a Remnant there that you know nothing about. They are obscure, unorganized, inarticulate, each one rubbing along as best he can. They need to be encouraged and braced up because when everything has gone completely to the dogs, they are the ones who will come back and build up a new society; and meanwhile, your preaching will reassure them and keep them hanging on. Your job is to take care of the Remnant, so be off now and set about it."

~ Albert Jay Nock


In this reboot episode, we revisit the profound insights of the article "Isaiah's Job," exploring the timeless messages delivered by the prophet Isaiah over his fifty-year ministry to the southern kingdom of Judah. Against the backdrop of political turmoil and societal sins mirroring those of ancient times, Isaiah emerges as a unique figure, his words resonating with a powerful truth: if His chosen people won't be His, they will be no people at all.

Isaiah's teachings remain relevant, urging reflection on ethical conduct, justice, and the consequences of straying from unwavering principles. His call for obedience to God's laws resonates, emphasizing the enduring importance of spiritual values and moral accountability in modern society.


Check out the original article at Isaiah's Job. (Link: http://tinyurl.com/yt2dry6k)


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Dec 24, 202301:06:20
 Chat_88 - Broken Money, Broken World with Lyn Alden

Chat_88 - Broken Money, Broken World with Lyn Alden

"You got to go from proto banking to full service banking and then to central banking and you know interconnected central bank. So now a lot of that is actually a technological story and I don't think it gets covered enough because most people covering it. Historians and economists aren't necessarily looking at the lens of technology and at most they'll give a caveat like oh the telegraph allowed this.
But it's like no, that's actually not like a footnote.That's a core thing that happened, that changed everything.
And so that's why I wanted to focus Broken Money on not just individual decisions but actually how technology dictates the changing money over time."

~ Lyn Alden


Today we have a riveting conversation with Lyn Alden, the acclaimed author of 'Broken Money,' as we delve into the inevitable march of technology and how it has shaped the world of money, ethics, and politics from the gold standard, through the fiat era, and on to Bitcoin. We explore the pitfalls of the fiat system and Bitcoin's transformative role in our monetary future. Lyn's unique blend of engineering and financial expertise offers a fresh perspective on how technology shapes our economic landscape, revealing insights into the future of money and investment.


Check out Lyn Alden's incredible book and blog Broken Money: Why Our Financial System Is Failing Us and How We Can Make It Better (Link: http://tinyurl.com/3fmtja7t) - Lyn Alden Investment Strategy (Link: lynalden.com)


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Dec 22, 202301:37:33
Read_785 - Everyone Needs an Uncle Jim

Read_785 - Everyone Needs an Uncle Jim

"Regulators will continue coming down on those custodians, making more demands for information, more demands on restrictions for what users can do with their money, they will not stop. So short of actually activating covenants on Bitcoin, what can we do?"

~ Shinobi


As we move into an era of bitcoin where the surveillance and control apparatus will seek to gain their stranglehold on the industry, but we still don't have a scaling solution for the whole world, how do we mitigate the time during transition? How can we protect ourselves and our family's as we make our way in the Bitcoin future? It's time for uncle Jim to step up.


Check out the original article at Everyone Needs An Uncle Jim. (Link: https://tinyurl.com/3p29ud5y)


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“Not everyone can see a tree within a seed.”

~ Nicky Verd

Dec 20, 202342:58
 Guy's Take_077 - Dear Government...
Dec 18, 202355:28
Read_784 - How FinCEN May Be Violating your Rights

Read_784 - How FinCEN May Be Violating your Rights

"I’ve done an overall analysis of the proposal by addressing seven different sections of where FinCEN is attempting to infringe on your rights. From violating the sanctity of your personal information and restricting your financial autonomy, to stifling your freedom of speech and association, I’ll unpack each area. This is about shining a light on the fine print, connecting the dots, and equipping you with the knowledge you need to stand up against these intrusive measures. It’s time to draw a line in the sand and protect the liberties that define us."

~ Preston Pysh


FinCEN has taken it upon themselves, by the permission of the PATRIOT ACT, to unilaterally enforce an onerous reporting and surveillance apparatus on all digital currency services and providers, in a vague and burdensome violation of the basic right to privacy and protection against warrantless search in their proposed FINCEN-2023-0016 Rule. Hear Preston Pysh do an incredible breakdown and response to each element to help you make sense of this overreach and how to stand in its way.


The Guy's Take in this episode begins at 2:03:50


Check out the original article at Analysis of FinCEN Policy FINCEN-2023-0016: Overreach and Impact on Individual Rights — #jointheeclipse


Post your comments on the register here

Federal Register :: Proposal of Special Measure Regarding Convertible Virtual Currency Mixing, as a Class of Transactions of Primary Money Laundering Concern (Link: http://tinyurl.com/3zmf8shs)


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"That if you wish to destroy a nation you must first corrupt its currency, thus must sound money be the first bastion of a society's defense."

~ Adam Fergusson

Dec 13, 202302:36:36
Read_783 - Ordinals Are Fiat, Inscriptions Aren't Rare

Read_783 - Ordinals Are Fiat, Inscriptions Aren't Rare

"Nothing in the ordinal logic requires inscriptions to be linked to the “first” sat. So why is it the first sat of the first output? Why not the second sat of the first output? Why not the last, or one of the other hundreds, thousands, or millions of other satoshis which were also present in that same transaction? The answer is, well, because we are _pretending_ that it is so. In other words, we say a sat is inscribed _by fiat_."

~ Southern Hands


You may have heard many claims of the innovative and exciting things being built with ordinals, and how the popular new inscription NFTs are inspiring a flurry of activity and pushing fees higher on the Bitcoin chain. What exactly are ordinals that have made this possible? And how does one own a "scarce digital artifact" on the blockchain? Is there any truth to these claims, or is it all smoke and mirrors?


Check out the original article at Ordinals are Fiat. And Inscriptions aren’t Rare by Southern Hands | Medium (Link: https://tinyurl.com/4zvbauhf)


References and Links to check out:

  • Read_592 by Moxie Marlinspike on NFTs and Web3 (Link: https://tinyurl.com/3578nwje)


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"It takes considerable knowledge just to realize the extent of your own ignorance."

~ Thomas Sowell

Dec 11, 202301:14:04
Read_782 - The Ethics of Emergencies

Read_782 - The Ethics of Emergencies

The principle that one should help men in an emergency cannot be extended to regard all human suffering as an emergency and to turn the misfortune of some into a first mortgage on the lives of others.”

~ Ayn Rand


Today we are going to turn some concepts on their head. I hope that this challenges many to reflect not on their judgements, but to reflect on *the internal values that push us toward those judgements.* What if our thinking is twisted by a deeply internalized, but absurdly unrealistic expectation?

Why are ethics questions always framed in the context of a life or death emergency? Or framed from the context of who we should sacrifice our life for, painting the universe as persistent chaos and malevolence. How does this help us in our day to day lives? What does this framing imply for moral values for the other 99.9% of the time? Diving back into Ayn Rand's philosophical musings in "The Virtue of Selfishness," today we cover chapter 3, on "The Ethics of Emergencies."


Check out the original article at The Virtue Of Selfishness by Ayn Rand (Link: https://tinyurl.com/4cp4sc2m) 


If you haven't listened to the first in this series


Ayn Rand Org Link


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"To get the full value of joy you must have someone to divide it with."  

~ Mark Twain

Dec 08, 202301:15:04
Read_781 - The Censorship Industrial Complex, CTIL Files 01

Read_781 - The Censorship Industrial Complex, CTIL Files 01

"Many people insist that governments aren't involved in censorship, but they are. And now, a whistleblower has come forward with an explosive new trove of documents, rivaling or exceeding the Twitter Files and Facebook Files in scale and importance."

~ Michael Shellenberger


From time we time we get a lucky glimpse into the mindset and tactics of the counterfeit class. Exposing their crimes and systems of manipulation. Today we uncover more, thanks to the help of an anonymous, brave whistleblower, we find a public-private partnership to systematically censor political opposition and deliberate manipulate the narrative and cover up the truth. When you control the flow of information, you control the limits of belief. They not only knew this, but used it as a pillar in a framework to defame, discredit, attack, propagandize, and use fake accounts to openly harass anyone who told "the wrong version" of the truth. A peak inside the Censorship Industrial Complex.

What does this have to do with Bitcoin? Bitcoin is a system that exists at multiple layers of society. The free flow of information is critical to securing the communication and social layers of the system. There is no solution to censorship in centralized platforms. I urge you to explore Nostr, Holepunch, and Bitcoin/Lightning if you haven't. This is a technology problem, and we have the solutions.


Check out the original thread at Bitcoin Audible - CTIL Files #1 (Link: https://tinyurl.com/2hutks8h)


For the other references made in the episode

Bitcoin Audible - Read_681 - The Twitter Files - Part 1 [Matt Taibbi] (Link: https://tinyurl.com/3d92ja6c)


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"Words can light fires in the minds of men. Words can wring tears from the hardest hearts."

~ Patrick Rothfuss

Dec 06, 202301:17:20
Read_780 - Lightning is Doomed!

Read_780 - Lightning is Doomed!

"A reality check on the limitations of Lightning Network, and what that means in terms of its long term viability. No, it's not doomed, but it probably won't be used the way you expected it to be."

~ Shinobi


What has happened to lightning? With fees skyrocketing thanks to Ordinals bloating blockspace, tons of payments over lightning are no longer viable, or become entirely trusted. How did we not see this coming and what new issues have arisen as Lightning has matured? Does this spell the end of lightning, or is there more to this story? Find out in today's excellent piece at Bitcoin Magazine from Shinobi.

Check out the original article at Bitcoin Magazine Lightning is Doomed! (Link: https://tinyurl.com/4n54kkms)


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Don't forget to check us out on Fountain + other references from the commentary


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"The fact that so many successful politicians are such shameless liars is not only a reflection on them, it is also a reflection on us. When the people want the impossible, only liars can satisfy."

~ Thomas Sowell

Dec 05, 202348:38
Guy's Take_076 - Fiat Money's Dark Secret

Guy's Take_076 - Fiat Money's Dark Secret

The free market works because economic decisions are made by people who have skin in the game. When you spend $100 you have earned, you understand the cost. It was your sweat the created the gain, and no one can understand that cost better than you when you go to spend it. Genuine value information, and real trade offs inform the price in the market. Money is simply a reflection of the resources it is allocating. It is nothing more than a ledger system for allocating resources across time. But when someone can cheat the ledger. When the money can be counterfeited at will. It pours a torrent of noise into the economic signal. The free market is essentially destroyed. Because the allocation of your decisions, of everyone's value judgements being signaled in the market, is overrun by trillions in counterfeit. With no skin in the game, with no thought, without understanding the value that went into it, or having to pay for the cost of their errors. It is a system of economic fraud and disinformation. But the problem isn't merely an economic one. The fiat system, has another, more sinister consequence. One that is tied to the very nature of the human spirit. It's time for a Guy's Take episode.

Link to other great works and episodes referenced in the show

Guy's Take - Bitcoin Audible - Guy's Take #36 - Walking Tall (Link: https://tinyurl.com/3bevnhpx)

Audible Audiobook - Broken Money by Lyn Alden (Link: https://tinyurl.com/2p874rjm)

Audible Audiobook -⁠ Atomic Habits: An Easy & Proven Way to Build Good Habits & Break Bad Ones by James Clear (Link: https://a.co/d/63IJQNz)

GG NO RE podcast - Fountain (Link: https://tinyurl.com/mrmjjpuj)


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“It's really a wonder that I haven't dropped all my ideals, because they seem so absurd and impossible to carry out. Yet I keep them, because in spite of everything, I still believe that people are really good at heart.”

~ Anne Frank

Dec 04, 202301:18:32
PSA - Farewell Nodeless

PSA - Farewell Nodeless

Nodeless is dead. Long live Nodeless. Unfortunately the Nodeless payment service has had to shut down, but for anyone who needs to get in touch for any issues then feel free to contact me or UTXO. Nodeless is also open source, so if you wish to setup an instance for yourself, the project is available on github:

https://github.com/nodeless-io/nodeless-monolith


Follow UTXO on Nostr for surely other great things to come:

npub1utx00neqgqln72j22kej3ux7803c2k986henvvha4thuwfkper4s7r50e8

Nov 30, 202303:46