Latest Articles in Audio
Bitcoin & the Primacy of the Digital World
“As our perception of the world evolves from the analog to the digital, bitcoin represents digital value without all the problems inherent to a digital world.”
The Rise of the Individual
“Not since the gunpowder revolution were ordinary men & women able to stand up to those who chose to oppress or rule them unjustly. Only this time, it can be done in a non-violent method, whereby one can peacefully opt out” – Aleks Svetski
The Cat is Out of the Bag
“Unlike Paypal, Venmo, or traditional payment processors, it cannot deplatform you for wrongthink, holding subversive political views, being a sex worker, or legally selling cannabis. Ours is the biggest possible tent. Don’t be distracted by the online discourse. Bitcoin is utterly indifferent to the political views of its users.” – Nic Carter
Proof-of-Work, The Fundamental Laws of Physics & Nature
“It is therefore a universal truth that all work has a measurable cost of energy transformation due to the very nature of the universe, and the laws of thermodynamics. It is with these laws that we underpin Bitcoin’s Proof-of-Work.” – Rory Highside
The Information Theory of Money
“Prices are the coordinating force of a free market system. Each individual decision-maker can rely on the prices of goods and services to help with their decision making, as the prices themselves are a distillation of all known market information into a single metric.” – Dan Held
The Tyranny of Time Scarcity
“Gold, the ancient and prevailing monetary sovereignty layer (representing an unmanipulable money supply), and the internet, the ultimate engine of exchange (representing global interconnectivity or liquidity). By combining and building upon the economic properties of both, Bitcoin is a momentous monetary innovation that has achieved the divisibility, portability, durability, and recognizability of pure information infused with the absolute scarcity of time.”
Bitcoin’s Eternal Struggle
Diving into the many incredible works made available in The Bitcoin Times Ed 2! Today we read Gigi's great piece "Bitcoin's Eternal Struggle" on the intricate dance between that which is built in randomness & entropy, and that which is created with complete...
Bitcoin is Not Backed by Nothing
“To provide broader context, the Federal Reserve, the Bank of Japan and the European Central bank have collectively created $10 trillion dollars-worth of new money since the financial crisis, the equivalent of approximately $500,000 per bitcoin. Despite dollars, euro, yen and bitcoin all being digital, bitcoin is the only medium that is tangibly scarce and the only one with inherent monetary properties.” – Parker Lewis
 A most profound aspect of Bitcoin is that we know, with certainty, what the monetary policy will be no matter how far we look into the future. If we choose to secure sound money for the world, then we have to establish the important markets, build the tools and...
Carcampit from the Friends Against Government Podcast joins me to close out 2019 with a discussion on the crazy changes we have seen this year, both in Bitcoin and in so many other areas. We discuss... • The Stock-to-Flow model • Binance & Censoring Coinjoins •...
Closing out an extraordinary year in 2019 has us looking forward at 2020 & Beyond. What will we bring to Bitcoin, and what could Bitcoin bring to us? Today we read an amazing thread by John Newbery on the exceptional list of tools and technologies making their...
“The precursors of money, along with language, enabled early modern humans to solve problems of cooperation that other animals cannot – including problems of reciprocal altruism, kin altruism, and the mitigation of aggression. These precursors shared with non-fiat currencies very specific characteristics – they were not merely symbolic or decorative objects.”Â
– Nick Szabo
The Passion of the Believers
“At the end of the day, everyone has to believe in something; might as well believe in something verifiable and unforgeable.”
– Hass McCook
Is there a single key factor in the difference between the assurances in PoS vs PoW? The knowledge and proof that there is a real world, inescapable cost to both producing the currency, & editing the chain history – unforgeable costliness. Â Learn about this, the private keys attacks that risk entire contesting histories in PoS systems, and to the nothing-at-stake problem. This and more in today’s read!
What is the true set of differences between Proof of Work, and Proof of Stake? What are the engineering mindsets behind them both, and which is built explicitly to survive in the worst-case scenarios? Find out this and more in today’s read of Hugo Nguyen’s excellent...
Chat with David Hollerith & the Bitcoin Magazine Podcast
Don't forget to check out the Bitcoin Magazine Podcast and follow Dave on Twitter! https://twitter.com/DsHollers https://twitter.com/BitcoinMagazine Additional resources from the chat: • Does Bitcoin Need Accountants? (audio) • A Most Peaceful Revolution (audio) •...
Does Bitcoin Need Accounts? [Aaron Van Wirdum]
Another clever & censorship resistant system for identity within the Bitcoin system is being proposed. Called "Easypaysy," developer Jose Femenias Canuelo has created a system to safely & independently create a static on-chain account system, that would solve...
Bitcoin, Not Blockchain
Next up in the Gradually, Then Suddenly series by Parker Lewis and available on the incredible blog over at unchained-capital.com is "Bitcoin, Not Blockchain." There is nothing about blockchain that makes it inherently immutable. Immutability emerges over time as the...
The scams in the Bitcoin & crypto space are, unfortunately, not low in number. Sometimes the only safe option is to ignore them, but there are the few occasions that require a thorough breakdown of just how the scam works, in hopes of protecting the often naive...
Is Bitcoin really a religion? Is all money some form of religious institution? What happened to Virgil Griffith? Are juries the best or worst idea for finding justice? These are the important questions that we answer at the Raleigh Meetup Podcast! Listen to today's...
Is Bitcoin the perfect money, or is it the worst money that solves the most essential problem, as simply and reliably as possible? In true “New Jersey” style, Bitcoin doesn’t attempt to be everything, it attempts to do ONE thing as beautifully, & as unambiguously as possible?
For everyone that tells you Bitcoin is a stagnant technology going nowhere, this is the article to point them to. Another be returning author Lucas Nuzzi, we cover a piece that touches on the plethora of developments happening across all fronts in the Bitcoin...
Money is the tool that enables human exchange and prosperity... Bitcoin is a sovereign, sound, digital form of money... Time is the only true scarcity that exists for humanity... Listen to a walk through the Bitcoin perspective and the rich history that enlightens the...
Today we continue our journey through Robert Breedlove's thorough work by completing section 1 on the incredible history & profound nature of money. • How prices are the economic nervous system • Histories of failed monies • When gold lost its soundness • The...
The network effects that tie society together through its community, language, and money are both incredibly powerful, and very difficult to measure. We continue with Robert Breedlove's broad piece covering all of the core ideas that make Bitcoin the powerful...
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...
“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.”
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?
Everything that defines the Bitcoin network is in the validation rules, and the nodes are its enforcers. Â An impenetrable fortress of validation.
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.