Bitcoin Audible

"I will start with the conclusion: my piece failed. Nothing has changed. DeFi-driven blowups have continued. Therefore, in the strongest possible terms, I repeat, with humility: do not invest in non-Bitcoin crypto. Do not invest in non-Bitcoin DeFi. This is why NYDIG is a bitcoin company. Always has been, always will be." - Ross Stevens Today we take a short dive down the FTX and Alameda rabbit hole with an article put out from NYDIG and Stone Ridge that prefaces the situation with a call to action for those in the space, and then is followed by a breakdown of the events and what we know so far from Greg Cipolaro. If you are wondering what has been going on in crypto, this is a good place to start. Check out the mentioned article below written 6 months ago on the risks and potential failures of crypto and Defi with the incredible piece co-authored by Ross Stevens, Nic Carter, & Allen Farrington: https://nydig.com/on-impossible-things-before-breakfast Check out the original shareholder letter at the link below: https://nydig.com/research/through-the-looking-glass-the-ftx-and-alameda-saga Dont forget to check out our amazing sponsors: • Dive into the Bitcoin only wallet, the cypherpunk calculator, and a company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 5% off everything in the store! (guyswann.com/coldcard) • Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 5,000 FREE SATS at (guyswann.com/fold) • The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (swanbitcoin.com/guy) ---------------------------- “It is always from a minority acting in ways different from what the majority would prescribe that the majority in the end learns to do better.” - F.A. Hayek Learn more about your ad choices. Visit megaphone.fm/adchoices --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

"My learned opinion is that although your average toxic Bitcoin maximalist might be able to sniff out this bullshit a mile away, Silicon Valley cannot, because Crypto is peak Silicon Valley, and Silicon Valley has sadly become peak fiat." - Allen Farrington We bring another great piece by Allen just after our last great piece from Allen, but this time diving into the FTX insanity and how to understand why this and the other recent disasters are obvious consequences of the fiat mentality pervasive in the crypto space. Crypto is Peak Silicon Valley... Check out the original article and drop some applause on his medium page at the link below: https://allenfarrington.medium.com/crypto-is-peak-silicon-valley-b599ac24ec95 • The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (swanbitcoin.com/guy) • Dive into the Bitcoin only wallet, the cypherpunk calculator, and a company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 5% off everything in the store! (guyswann.com/coldcard) • Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 5,000 FREE SATS at (guyswann.com/fold) --------------------------- "Humans are shit. This thing is addressing problems that don't exist. It's solutionism at its worst. We are dumbing down machines that are inherently superior." - Gilfoyle, from Silicon Valley Learn more about your ad choices. Visit megaphone.fm/adchoices --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

“It must become embarrassing to admit one ever supported uninformed and nonconsensual participation in a medical experiment or mass house arrest and coerced isolation.” - Allen Farrington Amnesty for the tyrants who pushed for the destructive policies and gross abuses of power we witnessed over the past few years, is acceptance that these abuses and lies will happen again. There will be no amnesty. Farrington explains why in no uncertain terms. Check out the original article and the onslaught of links for sources and further reading on the topic at the link below: https://merionwest.com/2022/11/07/no-lets-not-perpetrators-of-pandemic-authoritarianism-cannot-be-forgiven/ • Dive into the Bitcoin only wallet, the cypherpunk calculator, and a company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 5% off everything in the store! (guyswann.com/coldcard) • Join us and the Swan Bitcoin team at the Pacific Bitcoin Conference in November! Get your tickets now, 20% off with code BITCOINAUDIBLE (https://www.pacificbitcoin.com/) • The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (swanbitcoin.com/guy) • Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 5,000 FREE SATS at (guyswann.com/fold) --------------------------- "Liberty only has meaning if we still believe in it when something terrible happens." - Ron Paul Learn more about your ad choices. Visit megaphone.fm/adchoices --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

Today we bring John Carvalho back on to talk about Bitkit and the release of Synonym's first major product in the BitKit wallet and Slashtags. Re-Decentralizing the internet with serverless identities, default encryption, and where your Bitcoin seed is the key to your online kingdom. The first lego blocks of a potentially massive ecosystem. Download the Bitkit wallet in beta to check out slashtags & their intuitive wallet experience, as well as the other links below to explore more of what is possible in a P2P future that could alter our relationship with the networks that connect us. Add me on BitKit! slash:qhagr5jxmir5szaosn4i1wthfs7opbie777rps6e71x84trneogo Check out the links mentioned in the episode of all the tools that are building the foundation of this new ecosystem: https://slashtags.to/ https://synonym.to/ https://bitkit.to/ https://keet.io/ Check out our amazing sponsors and the products that Guy uses most in the space: • Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 5,000 FREE SATS at (guyswann.com/fold) • Dive into the Bitcoin only wallet, the cypherpunk calculator, and a company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 5% off everything in the store! (guyswann.com/coldcard) • Join us and the Swan Bitcoin team at the Pacific Bitcoin Conference in November! Get your tickets now, 20% off with code BITCOINAUDIBLE (https://www.pacificbitcoin.com/) • The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (swanbitcoin.com/guy) ----------------------- "Nothing in this world can take the place of persistence. Talent will not; nothing is more common than unsuccessful men with talent. Genius will not; unrewarded genius is almost a proverb. Education will not; the world is full of educated derelicts. Persistence and determination alone are omnipotent. The slogan Press On! has solved and always will solve the problems of the human race." - Calvin Coolidge Learn more about your ad choices. Visit megaphone.fm/adchoices --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

"They will come to understand that Bitcoin is hope for non-violent revolutionaries in the environmental movement who seek to end the petrodollar, usher in a world that is not based on the excessive consumption that inflationary (fiat) currencies incentivize, stabilize the intermittency of renewable energy, find a home for new solar and wind on the grid and mitigate methane that would otherwise have become atmosphere-borne and contributed to climate change." - Daniel Batten Today we dive into a piece by Daniel Batten showing the power and momentum of the grassroots Bitcoin movement and how it is galvanizing a defense against the ESG misinformation being spread by scammers and political profiteers. Greenpeace decided they were going to "change the code," but it hasn't worked out so well. Daniel breaks down why. Don't miss this fun article at Bitcoin Magazine. Check out the original article plus tons of other great news and articles at Bitcoin Magazine: https://bitcoinmagazine.com/culture/greenpeace-environment-attacks-help-bitcoin You can find the book mentioned in the commentary as well as a link to Nic Carter's Annotated WH Report below: https://www.amazon.com/s?k=unsettled+steven+koonin&crid=2GCXRQ3ZYCIHQ&sprefix=unsettled%2Caps%2C102 https://niccarter.info/wp-content/uploads/09-2022-Crypto-Assets-and-Climate-Report_nc_annotated_091522.pdf Check out our amazing sponsors and the products that Guy uses most in the space: • Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 5,000 FREE SATS at (guyswann.com/fold) • Dive into the Bitcoin only wallet, the cypherpunk calculator, and a company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 5% off everything in the store! (guyswann.com/coldcard) • Join us and the Swan Bitcoin team at the Pacific Bitcoin Conference in November! Get your tickets now, 20% off with code BITCOINAUDIBLE (https://www.pacificbitcoin.com/) • The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (swanbitcoin.com/guy) ----------------------- “It is no coincidence that the century of total war coincided with the century of central banking.” ― Ron Paul Learn more about your ad choices. Visit megaphone.fm/adchoices --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

"The creation of new money by insiders debases the savings ability of the existing money. It is critically important for money to maintain value, as it reflects work which was performed but not redeemed for goods and services. Is the value of your forty hour work week last month suddenly not worth as much because some feckless bureaucrat decided to fire up the money printer? Not in a system that has any integrity. It is important for work to be redeemable at the value that was assigned to it when it was performed." - Steven Lubka Concluding today the second half of the amazing "Capital Misallocation: Bitcoin Fixes This" by Steven Lubka from Swan Bitcoin. If you want to understand the role of money and how it enables the economic machine to produce spontaneous order, then you don't want to miss this read & Guy's Take... Mentioned in the commentary, a phenomenal read for understanding the infinite complexity of the market is "I, Pencil" by Leonard Reed: https://open.spotify.com/episode/3nXKaUt2UvTYqCQHnTBFDy?si=63fb390e40fe420e Check out the original at the link below, as well as the last piece Steven wrote we covered on this show: https://www.swanbitcoin.com/capital-misallocation-bitcoin-fixes-this/ Read_643 - Bitcoin & The True Meaning of Inflation: https://open.spotify.com/episode/2JKjejgGp66xtEPqsGPzW4?si=KFVs1SJrQUiHE2BO7-lsUg Check out our amazing sponsors and the products that Guy uses most in the space: • Dive into the Bitcoin only wallet, the cypherpunk calculator, and a company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 5% off everything in the store! (guyswann.com/coldcard) • Join us and the Swan Bitcoin team at the Pacific Bitcoin Conference in November! Get your tickets now, 20% off with code BITCOINAUDIBLE (https://www.pacificbitcoin.com/) • The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (swanbitcoin.com/guy) • Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 5,000 FREE SATS at (guyswann.com/fold) ----------------------- “The case for individual freedom rests largely upon the recognition of the inevitable and universal ignorance of all of us concerning a great many of the factors on which the achievements of our ends and welfare depend.” - F.A. Hayek Learn more about your ad choices. Visit megaphone.fm/adchoices --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

"Money facilities a system — the economy — that is too complex, too unpredictable and too uncertain to be modeled or reduced to neat quantifiable units. Expanding humanity’s productive resources — capital — requires the acceptance of complexity, uncertainty, unknowns and risk. It’s not a neat or tame process. It’s a wild one. It’s a gang of risk takers spelunking the caverns of the unknown with nothing except their intuitions about future preferences and knowledge of current problems to guide their descent into the uncertainty and the unknowable." - Steven Lubka Today we hit another amazing piece, diving into the first half with the second to come tomorrow, of Steven Lubka's fantastic breakdown of the process of capital and the economy, and how prices and money are the guiding force, made parasitic and destructive through the control of prices and the act of money creation. An essay absolutely packed with knowledge, you don't want to miss hearing how Bitcoin fixes this... Check out the original at the link below, as well as the last piece Steven wrote we covered on this show: https://www.swanbitcoin.com/capital-misallocation-bitcoin-fixes-this/ Read_643 - Bitcoin & The True Meaning of Inflation: https://open.spotify.com/episode/2JKjejgGp66xtEPqsGPzW4?si=KFVs1SJrQUiHE2BO7-lsUg Check out our amazing sponsors and the products that Guy uses most in the space: • Dive into the Bitcoin only wallet, the cypherpunk calculator, and a company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 5% off everything in the store! (guyswann.com/coldcard) • Join us and the Swan Bitcoin team at the Pacific Bitcoin Conference in November! Get your tickets now, 20% off with code BITCOINAUDIBLE (https://www.pacificbitcoin.com/) • The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (swanbitcoin.com/guy) • Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 5,000 FREE SATS at (guyswann.com/fold) ----------------------- "The quantity of money available in the whole economy is always sufficient to secure for everybody all that money does and can do." - Ludwig von Mises, Human Action Learn more about your ad choices. Visit megaphone.fm/adchoices --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

"A universal law can be understood to be an objective, observable, and eternal description of some facet of the universe. As such, they can be independently discovered by disparate societies living within the same universe as long as both societies are able to observe the same facets of that universe. It may not be known as Newton’s Law to the Nakamotans, but they will likely have discovered that “every particle attracts every other particle in the universe with a force that is directly proportional to the product of their masses and inversely proportional to the square of the distance between their centers.” - Buck Perley Definitely listen or read the first three parts of the Bitcoin Astronomy series to get the full value out of this additional essay brought to us by Buck Perley at Unchained Capital. a Fourth installment discovering the fundamental truths of proof of stake vs proof of work and why only proof of work can bridge the trust gap between cultures and communities so far separated as different species spread out among the stars. Bitcoin Astronomy Part I - https://open.spotify.com/episode/72lK4wERiLPtagHIT9v7OG?si=_SbJ0L4gQ3GjGltWBDCVDw Bitcoin Astronomy Part II - https://open.spotify.com/episode/5vuZhpkGRJZMjHE4nnjRu1?si=F73oRkjfSTWS3NpRNLKIzA Bitcoin Astronomy Part III - https://open.spotify.com/episode/4jTr1Nadq5dtiQUs7UvJzz?si=MFWvwY6ESqmAj7vj-vDO0A Check out the original article at Unchained Capital below: https://unchained.com/blog/bitcoin-astronomy-proof-of-stake/ Check out our amazing sponsors and the products that Guy uses most in the space: • Join us and the Swan Bitcoin team at the Pacific Bitcoin Conference in November! Get your tickets now, 20% off with code BITCOINAUDIBLE (https://www.pacificbitcoin.com/) • The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (swanbitcoin.com/guy) • Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 5,000 FREE SATS at (guyswann.com/fold) • Dive into the Bitcoin only wallet, the cypherpunk calculator, and a company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 5% off everything in the store! (guyswann.com/coldcard) Learn more about your ad choices. Visit megaphone.fm/adchoices --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

"One might ask: if much of the U.K. pension money was about to vanish, where was it going? Partly to the bankers, of course, but mostly, as with any bubble, the value was simply illusory. In 2001, Argentina forced private pension funds to purchase $2.3 billion in government bonds so that the government could meet external debt Payments. The following day, the funds listed the bonds as an asset, but the value was already gone (Argentina would later confiscate the whole pension system officially). Western countries have done effectively the same thing, only with much more subtlety, without even the players knowing. The pension capital is gone, spent, consumed by the state, all that remains is the realization that it is gone." - Daniel Oliver, Myrmikan Capital Check out the original paper with some very eye opening charts to super charge the point made in this excellent work. Plus don't forget to explore more from Myrmikan Research if this work is any indication of the work they publish: https://www.myrmikan.com/pub/Myrmikan_Research_2022_10_18.pdf Check out our amazing sponsors and the products that Guy uses most in the space: • Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 5,000 FREE SATS at (guyswann.com/fold) • Join us and the Swan Bitcoin team at the Pacific Bitcoin Conference in November! Get your tickets now, 20% off with code BITCOINAUDIBLE (https://www.pacificbitcoin.com/) • The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (swanbitcoin.com/guy) • Dive into the Bitcoin only wallet, the cypherpunk calculator, and a company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 5% off everything in the store! (guyswann.com/coldcard) Learn more about your ad choices. Visit megaphone.fm/adchoices --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

"Imagine if all respectable business knowledge had been derived from studying large, established companies because there had never been a start-up in living memory. If a start-up then came along, people might well say, “that’s not a business because it doesn’t make a profit,” or, “that’s not a business because it doesn’t have a defined business plan.” Clearly, this would be ill-advised. That is not to say that their models and definitions would be perfectly wrong instead of perfectly right, but rather that things are not so binary. Reality is messy, and it is reality we should care about, not our theories of reality that, it turns out, have never really been tested …" - Allen Farrington Today we reboot an old favorite of mine from 200 episodes ago on the semantic failures of our modern, commonly understood definition of money. Another of the amazing chapters from the book by Sacha Meyers and Allen Farrington, Bitcoin is Venice. Below I have the Guy's Take I did as a follow up to this read originally, as well as the original article and link to the book. Guy's Take #40 on Wittgenstein's Money - https://open.spotify.com/episode/4iV3dHews5xH1HUO9h96Nw?si=0a5cf00632d243e8 Bitcoin is Venice - https://www.amazon.com/Bitcoin-Venice-Essays-Future-Capitalism/dp/B09TTTGT11/ Check out our amazing sponsors and the products that Guy uses most in the space: • Join us and the Swan Bitcoin team at the Pacific Bitcoin Conference in November! Get your tickets now, 20% off with code BITCOINAUDIBLE (https://www.pacificbitcoin.com/) • The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (swanbitcoin.com/guy) • Dive into the Bitcoin only wallet, the cypherpunk calculator, and a company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 5% off everything in the store! (guyswann.com/coldcard) • Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 5,000 FREE SATS at (guyswann.com/fold) Learn more about your ad choices. Visit megaphone.fm/adchoices --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

"While Bitcoin does not litigate the ethics of hydrocarbon production, it is not controversial to point out that the dollar, in that it is sustained by the continuation of the US military-industrial complex (the single largest consumer of oil in the world), carries an incomparably greater carbon footprint than the Bitcoin network will ever begin to approach. All this, while generating abhorrent negative externalities, among which are the countless lives lost to conflict and the inherently political nature of money controlled by a singular geopolitical hegemon." - Spencer Nichols It's time to read another piece that soundly smashes the uninformed ESG narratives attacking Bitcoin. Its hard to fathom the degree of intellectual laziness from some of these publications and "experts," but nonetheless its all there for us to witness. Spencer does a great job in tearing it down by hitting a strong foundation on how we got here from the fundamentals of monetary history, and then goes through the major misconceptions touted by the establishment. Don't miss this one! Check out the original article at the link below: https://bitcoinmagazine.com/print/how-to-guide-debunking-esg Check out our amazing sponsors and the products that Guy uses most in the space: • Dive into the Bitcoin only wallet, the cypherpunk calculator, and a company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 5% off everything in the store! (guyswann.com/coldcard) • Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 5,000 FREE SATS at (guyswann.com/fold) • Join us and the Swan Bitcoin team at the Pacific Bitcoin Conference in November! Get your tickets now, 20% off with code BITCOINAUDIBLE (https://www.pacificbitcoin.com/) • The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (swanbitcoin.com/guy) Learn more about your ad choices. Visit megaphone.fm/adchoices --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

"to survive and prosper in this world, man can either make the things he needs and wants, or he can take them. This was true thousands of years ago and it is true today. To use a modern linguistic framing of this notion; man can either perform work to satisfy his wants and needs, or perform theft to satisfy his wants and needs. There are no two ways about this. Either put in the work to build something, or figure out a way to steal someone's work." - Simply Bitcoin From the Simply Bitcoin substack we read the opening of the "Proclaim Your Bitcoin" Series. On the nature of man, our unalienable rights, how they have been violated through a corrupt monetary system, and why we proclaim our right to opt out. Check out the original article at: https://simplybitcoin.substack.com/p/proclaim-your-bitcoin-part-one?sd=pf Noted links from the read: The Price of Tomorrow: https://thepriceoftomorrow.com/ The Fiat Standard: https://saifedean.com/the-fiat-standard/ Check out our amazing sponsors and the products that Guy uses most in the space: • Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 5,000 FREE SATS at (guyswann.com/fold) • Join us and the Swan Bitcoin team at the Pacific Bitcoin Conference in November! Get your tickets now, 20% off with code BITCOINAUDIBLE (https://www.pacificbitcoin.com/) • The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (swanbitcoin.com/guy) • Dive into the Bitcoin only wallet, the cypherpunk calculator, and a company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 5% off everything in the store! (guyswann.com/coldcard) Learn more about your ad choices. Visit megaphone.fm/adchoices --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

"But if technological civilizations are more common, then we must resolve the Fermi Paradox in a different way. We know that any “solution” is really an a reflection in the mirror of universality, an interpretation of humanity’s future based on what one believes about the present. With this understanding, and with many speculations about the Laws of Bitcoin Astronomy and alien blockchains behind us, we propose a new solution to the Fermi Paradox (a member of the “they’re waiting for our signal” family): we haven’t detected alien civilizations because we only just built bitcoin." - Dhruv Bansal Today we conclude the fascinating Bitcoin Astronomy Series with the second half of Part 3, The Third Law of Bitcoin Astronomy. Below is the LINK TO THE FIRST HALF IF YOU MISSED IT! You will likely have no idea what is going on otherwise. Also links to Parts I and II of the series are below as we extend the concepts of the Hash Horizon and the scale of blockchains needed to bridge a civilization that spans a solar system and beyond. With that, let's dive back into The Third Law... LISTEN TO THE FIRST HALF: https://open.spotify.com/episode/4jTr1Nadq5dtiQUs7UvJzz?si=4f11eb77e58e4ff5 Links to the original article at the Unchained Capital blog as well as the first 2 parts below: Part I: https://open.spotify.com/episode/4F9cNWswfA0MifloQsIo8R?si=d87751e8ad864e1b Part II: https://open.spotify.com/episode/3uKiXD8MZImtGUhJBkpzHg?si=75e370306bef4d8f Part III: https://unchained.com/blog/bitcoin-astronomy-part-iii/ A few other great works mentioned in the Guy's Take: Quittem's Bitcoin is a Pioneer Species: https://open.spotify.com/episode/0n4BDOodSPaIB5HpksnJOT?si=7b9ff43f66ed4953 Bitcoin is Element Zero by Ioni Appelberg: https://www.youtube.com/watch?v=12zBLvoVRFQ&t=0s Check out our amazing sponsors and the products that Guy uses most in the space: • Join us and the Swan Bitcoin team at the Pacific Bitcoin Conference in November! Get your tickets now, 20% off with code BITCOINAUDIBLE (https://www.pacificbitcoin.com/) • The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (swanbitcoin.com/guy) • Dive into the Bitcoin only wallet, the cypherpunk calculator, and a company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 5% off everything in the store! (guyswann.com/coldcard) • Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 5,000 FREE SATS at (guyswann.com/fold) Learn more about your ad choices. Visit megaphone.fm/adchoices --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

"Astrobiologists increasingly believe that conditions are frequently right for life. Hydrogen, oxygen, carbon and the life-sustaining molecules they form are the most common substances in the universe and we know there are millions, potentially billions, of rocky planets just like Earth orbiting stars just like our Sun in our galaxy alone." - Dhruv Bansal Today we dive into an often requested series that I have been waiting to get back into for some time, the Bitcoin Astronomy Series! Today we hit the first half of Part 3, The Third Law of Bitcoin Astronomy by the always thought provoking author Dhruv Bansal. Links to Parts I and II are below as we extend the concepts of the Hash Horizon and the scale of blockchains needed to bridge a civilization that spans a solar system and beyond. In Part III, we explore the possibilities of a first encounter with the blockchains of an alien civilization... Links to the original article at the Unchained Capital blog as well as the first 2 parts below: Part I: https://open.spotify.com/episode/4F9cNWswfA0MifloQsIo8R?si=d87751e8ad864e1b Part II: https://open.spotify.com/episode/3uKiXD8MZImtGUhJBkpzHg?si=75e370306bef4d8f Part III: https://unchained.com/blog/bitcoin-astronomy-part-iii/ A few other great works mentioned in the Guy's Take: Quittem's Bitcoin Mycelium Series: https://open.spotify.com/episode/7wGmCoQ6Z1ZpeP7ruZKPgV?si=4d87320166974b43 Bitcoin is Element Zero by Ioni Appelberg: https://www.youtube.com/watch?v=12zBLvoVRFQ&t=0s Check out our amazing sponsors and the products that Guy uses most in the space: • Dive into the Bitcoin only wallet, the cypherpunk calculator, and a company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 5% off everything in the store! (guyswann.com/coldcard) • Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 5,000 FREE SATS at (guyswann.com/fold) • COME HANG OUT! Join us and the Swan Bitcoin team at the Pacific Bitcoin Conference in November! Get your tickets now, 10% off with code BITOCINAUDIBLE (https://www.pacificbitcoin.com/) • The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (swanbitcoin.com/guy) Learn more about your ad choices. Visit megaphone.fm/adchoices --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

Today we explore a highly earned Guy's Take for Dergigi's "Bitcoin is Digital Scarcity" as well as using a core part of his framing to make sense of a few fundamental ideas behind Bitcoin. Recently as well I continue to run into the question, what is Bitcoin backed by? And I think this misses the entire point of why our virtual monies today need to be "backed" by something else, and why Bitcoin is different. So let's dive in... Don't forget to check out the episodes and reads mentioned in this Guy's Take at the links below: Dergigi's "Bitcoin is Digital Scarcity" Trent's "Five Examples of Bitcoin's Real World Utility" Nick Szabo's "Shelling Out - The Origins of Money" Check out our amazing sponsors and the products that Guy uses most in the space: • Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 5,000 FREE SATS at (guyswann.com/fold) • COME HANG OUT! Join us and the Swan Bitcoin team at the Pacific Bitcoin Conference in November! Get your tickets now, 10% off with code BITOCINAUDIBLE (https://www.pacificbitcoin.com/) • The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (swanbitcoin.com/guy) • Dive into the Bitcoin only wallet, the cypherpunk calculator, and a company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 5% off everything in the store! (guyswann.com/coldcard) Learn more about your ad choices. Visit megaphone.fm/adchoices --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

"The power of prices is the process of dynamic discovery that underpins their emergence, not the fleeting consensus of a specific moment in time. The price is never right, but prices are as right as can be hoped for at that moment. Attempts to coerce prices without the ability to change the reality they communicate are, therefore, bound to run into trouble. And yet we do not seem capable of accepting the truth of prices whenever it is inconvenient. To ensure that consensus can arrive at valid social truths, we require systems or institutions that withstand attempts at coercion and which tap into decentralized discovery. Martial arts are a fitting case study, and an encouraging allegory for all that follows. A few decades ago, they were under the grip of bullshitting coercion. Today, they are thriving under a marketplace of ideas." - Allen & Sacha In another piece from Bitcoin Magazine and returning authors Allen Farrington & Sacha Meyers we get an exploration of the mixed martial arts and how in recent decades it has been thrust into a world of discovery and competition. No longer constrained by the strict rules of authority and claims of superiority, but open to a marketplace of ideas where the truth is verified, not trusted. One of the amazing pieces from the book by the same authors, a must have for every Bitcoiner, Bitcoin is Venice. Find the original article and numerous other amazing works both from these authors and at Bitcoin Magazine at the link below: https://bitcoinmagazine.com/culture/bitcoin-and-the-truth-of-mixed-martial-arts Check out our amazing sponsors and the products that Guy uses most in the space: • COME HANG OUT! Join us and the Swan Bitcoin team at the Pacific Bitcoin Conference in November! Get your tickets now, 10% off with code BITOCINAUDIBLE (https://www.pacificbitcoin.com/) • The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (swanbitcoin.com/guy) • Dive into the Bitcoin only wallet, the cypherpunk calculator, and a company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 5% off everything in the store! (guyswann.com/coldcard) • Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 5,000 FREE SATS at (guyswann.com/fold) Learn more about your ad choices. Visit megaphone.fm/adchoices --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

"Today, it’s a trucker protest. What if it’s a women’s rights protest next? A protest against abuses by a country you’re allied with? Who decides? Bitcoin sure as heck doesn’t. Bitcoin doesn’t care about the color of your skin, your political affiliation, the country you’re in, what videos you watch on YouTube, etc. If you play by the same rules that everyone else plays by, you can use bitcoin." - Trent Dudenhoeffer Another Bitcoin Magazine article to start off the week, this one by first time (on the show) author Trent Dudenhoeffer on the concrete, real world examples of the powerful utility to Bitcoin and a monetary system built on top of it. Five real world examples to be exact, and the incredible implications of their truth. A great one today with a really fun Guy's Take. Let's jump in. • Check out the original article at the link below, plus tons of other great stuff recently published on Bitcoin Magazine: https://bitcoinmagazine.com/culture/five-examples-of-bitcoins-real-world-utility • The article linked in the read digging further into the Bitcoin and energy grid dynamic and how powerful that element can be: https://bitcoinmagazine.com/culture/how-bitcoin-mining-strengthens-electricity-grids • The Last Word on Bitcoin's Energy Consumption by Nic Carter: https://open.spotify.com/episode/2LtVxQvNzuEkjS9mBgNJeO?si=Xna8waAEQdyKaKkWXbUCcw Check you Financial Privilege: https://www.audible.com/pd/Check-Your-Financial-Privilege-Audiobook/B0B9T6BJC4?ref=web_search_eac_asin_1&qid=2zUMC9QRyD&sr=1-1 LASTLY! Check out our amazing sponsors and the products that Guy uses most in the space: • Dive into the Bitcoin only wallet, the cypherpunk calculator, and a company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 5% off everything in the store! (guyswann.com/coldcard) • COME HANG OUT! Join us and the Swan Bitcoin team at the Pacific Bitcoin Conference in November! Get your tickets now, 10% off with code BITOCINAUDIBLE (https://www.pacificbitcoin.com/) • The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (swanbitcoin.com/guy) • Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 5,000 FREE SATS at (guyswann.com/fold) Learn more about your ad choices. Visit megaphone.fm/adchoices --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

We dive into the chaotic world of 2022 with the insanity of the financial markets, the bond markets cracking apart, the political sphere going nuclear, & the steady tick tock next block of Bitcoin as a totem of reliability & sanity in an insane world. Greg Foss and I joined Clint Russell on his excellent podcast Liberty Lockdown to dive into it all in a 2 hour rampage on the sate of the world today. Don't miss this one! Check out Clint and his podcast, Liberty Lockdown if you haven't. Its an excellent show that has been blowing up in the liberty space: https://libertylockdownpodcast.com/ https://twitter.com/LibertyLockPod Check out our amazing sponsors and the products that Guy uses most in the space: • Dive into the Bitcoin only wallet, the cypherpunk calculator, and a company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 5% off everything in the store! (guyswann.com/coldcard) • COME HANG OUT! Join us and the Swan Bitcoin team at the Pacific Bitcoin Conference in November! Get your tickets now, 10% off with code BITOCINAUDIBLE (https://www.pacificbitcoin.com/) • The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (swanbitcoin.com/guy) • Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 5,000 FREE SATS at (guyswann.com/fold) Learn more about your ad choices. Visit megaphone.fm/adchoices --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

"The difference between the Linden Dollar, World of Warcraft Gold, Fortnite V-Bucks, the Euro, and the U.S. dollar is in scale, not in nature. While V-Bucks are created and controlled by Epic Games (the company that created Fortnite), the U.S. dollar is created and controlled by the Fed. One impacts millions of people, the other billions. The mechanism that keeps these monies in check—the rules of the game, if you will—is the same in both cases: central decree." - DerGigi You don't want to miss this incredible piece from DerGigi, another chapter released from his forthcoming book 21 Ways, Bitcoin is Digital Scarcity. On the ideas that define Bitcoin and why fiat, CBDCs, Linden dollars, and World of Warcraft gold are *virtual money* that is also digital, but Bitcoin is the first digital money that is actually real. Protected by the inescapable reality of computation. Don't miss this one Check out the original article at the link below, plus tons of other great works from Gigi https://dergigi.com/2022/10/02/bitcoin-is-digital-scarcity/ Check out our amazing sponsors and the products that Guy uses most in the space: • COME HANG OUT! Join us and the Swan Bitcoin team at the Pacific Bitcoin Conference in November! Get your tickets now, 10% off with code BITOCINAUDIBLE (https://www.pacificbitcoin.com/) • The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (swanbitcoin.com/guy) • Dive into the Bitcoin only wallet, the cypherpunk calculator, and a company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 5% off everything in the store! (guyswann.com/coldcard) • Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 5,000 FREE SATS at (guyswann.com/fold) Learn more about your ad choices. Visit megaphone.fm/adchoices --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

"Lighting Network adoption is scaling Bitcoin around the world. And it will be key to protecting our freedoms in the digital age as well." - Paolo Ardoino Today we hit another awesome Bitcoin Magazine article on how Bitcoin is separating monetary value from the state, but that it is ultimately Lightning and its ability to fulfill the vision of P2P payments and entirely unique monetization systems that will protect the freedom of speech and allow global adoption of sound, neutral money. A great little read and a Guy's Take that will kick off the week. Check out the original and look into the incredible things Paolo is working toward at the below links. Article: https://bitcoinmagazine.com/culture/bitcoin-adoption-freedom-via-lightning Chat 71 with Paolo & Matthias: https://open.spotify.com/episode/3GnrHfuMBEzqFRfxlXRZWf?si=5e5ef3f7a6844579 Plus the various amazing products: Synonym.to, Keet.io, & Holepunch.io Check out the tapsigner & coldcard combo in action with Nunchuk in the video mentioned in the Guy's Take: https://twitter.com/nunchuk_io/status/1574977342698496000 Check out our amazing sponsors and the products that Guy uses most in the space: • Dive into the Bitcoin only wallet, the cypherpunk calculator, and a company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 5% off everything in the store! (guyswann.com/coldcard) • Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 20% OFF with code BITCOINAUDIBLE (guyswann.com/fold) • The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (swanbitcoin.com/guy) • COME HANG OUT! Join us and the Swan Bitcoin team at the Pacific Bitcoin Conference in November! Get your tickets now, 10% off with code BITOCINAUDIBLE (https://www.pacificbitcoin.com/) Learn more about your ad choices. Visit megaphone.fm/adchoices --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

"Bitcoin is ripe for a massive disruption of systems like SWIFT, and at the rate the world is becoming both politically and economically unstable, I think that time is going to come sooner rather than later." - Shinobi In the vision of consumers using Bitcoin to buy everyday goods and services, have we lost sight of the most valuable use of Bitcoin as a broad, global settlement system? Have we been distracted from the most valuable and even crucial utility of the Bitcoin system in a politically & economically unstable world, as a radically neutral global means of settlement between major business and financial entities? Find out in another great piece by Shinobi, on why SWIFT is actually the entity that should be most afraid, not VISA. Check out the original article for more by Shinobi and tons of great news and analysis at Bitcoin Magazine: https://bitcoinmagazine.com/business/bitcoin-will-replace-swift-before-visa Check out our amazing sponsors and the products that Guy uses most in the space: • Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 20% OFF with code BITCOINAUDIBLE (guyswann.com/fold) • The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (swanbitcoin.com/guy) • COME HANG OUT! Join us and the Swan Bitcoin team at the Pacific Bitcoin Conference in November! Get your tickets now, 10% off with code BITOCINAUDIBLE (https://www.pacificbitcoin.com/) • Dive into the Bitcoin only wallet, the cypherpunk calculator, and a company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 5% off everything in the store! (guyswann.com/coldcard) Learn more about your ad choices. Visit megaphone.fm/adchoices --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

"Given two competing views of the world, the state will always promote the one that increases its power to extract wealth from its citizens. The choice between inflation and deflation is an easy one. Deflation empowers the citizen by allowing her modest savings to purchase more goods over time. Calling for inflation empowers the state by allowing it to print more money and by reducing the size of its enormous debts in real terms. It should be no surprise that state-funded academic institutions preach the virtues of inflation" - Kyle Ward The propaganda around deflation must be a special beast in order to drive normal people to argue that things getting cheaper is bad for them. What could drive such an absurd idea so aggressively and is it a big conspiracy, or a simple set of fundamental incentives gone awry. Today we read an excellent short piece from the insane resource at Mises.org by author Kyle Ward, on deflation and the horrifying experience of the ever falling price of TVs. Check out the original at the link below, plus tons of other gold on the economic realities of our time: https://mises.org/wire/price-deflation-and-horrors-falling-tv-prices Check out our amazing sponsors and the products that Guy uses most in the space: • The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (swanbitcoin.com/guy) • COME HANG OUT! Join us and the Swan Bitcoin team at the Pacific Bitcoin Conference in November! Get your tickets now, 10% off with code BITOCINAUDIBLE (https://www.pacificbitcoin.com/) • Dive into the Bitcoin only wallet, the cypherpunk calculator, and a company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 5% off everything in the store! (guyswann.com/coldcard) • Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 20% OFF with code BITCOINAUDIBLE (guyswann.com/fold) Learn more about your ad choices. Visit megaphone.fm/adchoices --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

"The whole tokenize-everything-thing so far is one fast hype train. It is exciting not for the technical efficiencies it may provide but for the exact opposite: rent seekers seeking rent. Actually, between the lines, some projects seem to suggest to everyone: “You, too, can be a rent seeker.” - Niko Jilch Wouldn't you want to own 1/1000th of a London apartment? Or maybe a famous work of art? Wouldn't this make ownership of these things far more efficient and be a major shift in the access of these rare and valuable items to new investors? Or are they largely a new take on the same old rent seeking behavior with no added value, and a major misunderstanding of the world we are head into? Don't miss this succinct article from Niko Jilch arguing why we will not, in fact, be "tokenizing everything." Check out the original article on Niko's substack plus his other great writing at the link below: https://fixthemoney.substack.com/p/no-we-are-not-going-to-tokenize-everything Check out our amazing sponsors and the products that Guy uses most in the space: • Dive into the Bitcoin only wallet, the cypherpunk calculator, and a company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 5% off everything in the store! (guyswann.com/coldcard) • Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 20% OFF with code BITCOINAUDIBLE (guyswann.com/fold) • The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (swanbitcoin.com/guy) • COME HANG OUT! Join us and the Swan Bitcoin team at the Pacific Bitcoin Conference in November! Get your tickets now, 10% off with code BITOCINAUDIBLE (https://www.pacificbitcoin.com/) Learn more about your ad choices. Visit megaphone.fm/adchoices --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

"Everyone loves a good origin story. Some are true, some made-up, and some a mix of the two. The true origin story of Bitcoin’s appearance in the world is one of the most fascinating mysteries ever told. Yet these events all took place in the 21st century, a time when everything is recorded, and can be recalled, investigated — and verified." - Tomer Strolight Bitcoin isn't merely a tool, but something so unique and fundamental, that it challenges widely held beliefs of the world & inspires questions that have even sparked deep personal journeys. But how could a simple computer network have such an impact on the individual? How could someone think of Bitcoin, as inspiring a spiritual awakening? Tomer bring us an exploration of how Bitcoin changes who we are and forces us to look inward for new answers to questions that so many thought answered. The Legendary Treasure of Satoshi Nakamoto - Drop some applause on the original article Check out our amazing sponsors and the products that Guy uses most in the space: • Stop doing fiat the sad way, and start doing it the Fold way. Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 20% OFF with code BITCOINAUDIBLE (guyswann.com/fold) • The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (swanbitcoin.com/guy) • COME HANG OUT! Join us and the Swan Bitcoin team at the Pacific Bitcoin Conference in November! Get your tickets now, 10% off with code BITOCINAUDIBLE (https://www.pacificbitcoin.com/) • Dive into the Bitcoin only wallet, the cypherpunk calculator, and a company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 5% off everything in the store! (guyswann.com/coldcard) Learn more about your ad choices. Visit megaphone.fm/adchoices --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

"Bitcoin is not merely a network, it's a foundation for an anti-authoritarian political movement in an increasingly authoritarian world. If you're looking for why so many people are deeply passionate about Bitcoin & nothing else, start there." - Guy Swann Today I decide to rant about what Bitcoin maximalism means to me, why I am totally and completely focused on Bitcoin and nothing else, and why I think "crypto" has lost the plot. Crypto is interested in building a bunch of toys to be accepted by the establishment, Bitcoin is a declaration of independence from it. The other episodes mentioned for diving deeper into this topic: • My Path to Bitcoin Maximalism (by Sessions) • How to Be a Bitcoin Maximalist (Pete Rizzo) • Setting the Record Straight (Nic Carter) Check out our amazing sponsors and the products that Guy uses most in the space: • The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (swanbitcoin.com/guy) • COME HANG OUT! Join us and the Swan Bitcoin team at the Pacific Bitcoin Conference in November! Get your tickets now, 10% off with code BITOCINAUDIBLE (https://www.pacificbitcoin.com/) • Dive into the Bitcoin only wallet, the cypherpunk calculator, and a company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 5% off everything in the store! (guyswann.com/coldcard) • Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 20% OFF with code BITCOINAUDIBLE (guyswann.com/fold) Learn more about your ad choices. Visit megaphone.fm/adchoices --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

"This brings us to our fourth principle behind PoS, which is that **PoS relies on subjective truth**. There is simply no objective way to pick between two competing blockchains, and any new nodes to the network must ultimately trust some existing source of truth to resolve any ambiguity. This contrasts significantly with Bitcoin, where the “true” chain is always the one with the most work. It doesn’t matter if a thousand nodes are telling you chain X, if a single node broadcasts chain Y and it contains more work, then Y is the correct blockchain. A block’s header can prove its own worth, completely removing the need for trust." - Scott Sullivan With "The Merge" on everyone's mind, going through the specific mechanisms that make Proof of Stake "work" can be a very useful exercise. Especially when considering how things can go wrong, and where there is ultimately subjectivity in the consensus mechanism that sheds light on how certain disputes would fall in the politically tumultuous world we live in today. It isn't just that PoS is different than PoW, it's that many of their core principles are polar opposites of each other, and therefore they cannot accomplish the same goal. This piece by first time author on the show, Scott Sullivan, is an excellent breakdown of the inner workings of the ETH Proof-of-stake design, and will provide a solid foundation for the discussion of why I am Bitocin only in tomorrow's Guy's Take. Don't miss it Check out the original on Scott's Substack at the link below: https://scottmsul.substack.com/p/a-bitcoiners-guide-to-proof-of-stake Other articles linked to for digging deeper into this topic: Ethereum is a Dark Forest: https://www.paradigm.xyz/2020/08/ethereum-is-a-dark-forest Proof of Stake and Weak Subjectivity: https://blog.ethereum.org/2014/11/25/proof-stake-learned-love-weak-subjectivity The Case for Social Slashing: https://ercwl.medium.com/the-case-for-social-slashing-59277ff4d9c7 Check out our amazing sponsors and the products that Guy uses most in the space: • Dive into the Bitcoin only wallet, the cypherpunk calculator, and a company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 5% off everything in the store! (guyswann.com/coldcard) • Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 20% OFF with code BITCOINAUDIBLE (guyswann.com/fold) • The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (swanbitcoin.com/guy) • COME HANG OUT! Join us and the Swan Bitcoin team at the Pacific Bitcoin Conference in November! Get your tickets now, 10% off with code BITOCINAUDIBLE (https://www.pacificbitcoin.com/) Learn more about your ad choices. Visit megaphone.fm/adchoices --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

"That misinformation in the form of money wouldn’t just create polarization. Because money connects value between people and nations, it would drive a tremendous misallocation of capital and resources as individual actors in the system all made the system worse with their actions to make enough money to escape the system." - Jeff Booth Today we take another brief pause from the Maximalism discussion to hit an awesome "back to the fundamentals" piece from Jeff Booth that dropped just last week. How on earth do you find the signal in a world just consumed with noise? And not only that, why has everything gotten so noisy? What has led to the polarization, distrust, group bias, & breakdown of institutions in our modern world, and is there any way to fix it? Booth does an excellent job in today's piece in making sense of our current world, with a little hope for our Bitcoin future. Don't miss it. Check out the original article to drop applause or explore many of the additional links to dive deeper into the content: https://medium.com/@JeffBooth/finding-signal-in-a-noisy-world-57497df06a35 Links to the other piece recommended by Jeff Booth at the bottom of his article above: • Bitcoin Energy Use is not a Problem, Here's Why https://open.spotify.com/episode/6dX8j22Mdg2Q7UgoNXMY6P?si=6dbc94969b1a4a2d • Bitcoin is Time https://open.spotify.com/episode/1BJ06LXnOHZxAgUrzC3hLd?si=d578e6544cf14ff9 Check out our amazing sponsors and the products that Guy uses most in the space: • Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 20% OFF with code BITCOINAUDIBLE (guyswann.com/fold) • The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (swanbitcoin.com/guy) • COME HANG OUT! Join us and the Swan Bitcoin team at the Pacific Bitcoin Conference in November! Get your tickets now, 10% off with code BITOCINAUDIBLE (https://www.pacificbitcoin.com/) • Dive into the Bitcoin only wallet, the cypherpunk calculator, and a company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 5% off everything in the store! (guyswann.com/coldcard) Learn more about your ad choices. Visit megaphone.fm/adchoices --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

"I’m going to clear things up here because most of the people piling on were deeply confused about me, my firm, and what I do. And yes, I’m including some choice words for the self-described Bitcoin maximalists. You asked for it. You got it." - Nic Carter Nic takes to his medium page to denounce Bitcoin maximalism after getting bombarded over an investment by his VC fund. Was there a grain of truth to the criticism, is Bitcoin maximalism to blame, and what's the difference between the Bitcoin maximalist ideal, and self proclaimed Bitcoin maximalists? For a fair shake on the topic after covering Rizzo's recent article, let's hear Nic's take on maximalism. https://medium.com/@nic__carter/setting-the-record-straight-b4e1b415e7d9 Check out our amazing sponsors and the products that Guy uses most in the space: • The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (swanbitcoin.com/guy) • COME HANG OUT! Join us and the Swan Bitcoin team at the Pacific Bitcoin Conference in November! Get your tickets now, 10% off with code BITOCINAUDIBLE (https://www.pacificbitcoin.com/) • Dive into the Bitcoin only wallet, the cypherpunk calculator, and a company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 5% off everything in the store! (guyswann.com/coldcard) • Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 20% OFF with code BITCOINAUDIBLE (guyswann.com/fold) Learn more about your ad choices. Visit megaphone.fm/adchoices --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

"I believe Africa represents the most elegant use case for a Bitcoin standard in existence. In the paragraphs that follow I will explain why." - Charlene Fadirepo Africa is a hugely under-appreciated, yet massive part of the Bitcoin universe that is growing into its own, due to multiple factors, the case for a Bitcoin standard in Africa holds incredible potential. With a young vibrant demographic, political variety, entrepreneurial spirit, & a constant state of monetary pain, there are few places on earth that can benefit as greatly as Africa. Charlene Fadirepo, co-author of "Bitcoin and the American Dream" brings us a great little piece on Bitcoin Magazine about the promise of Bitcoin in Africa. Check out the original article below, as well as Charlene's video podcast covering what is happening in the Bitcoin world throughout Africa with the Bitcoin in Nigeria Podcast: https://bitcoinmagazine.com/business/path-to-a-bitcoin-standard-in-africa?utm_source=Bitcoin+Magazine&utm_campaign=52d1eb101d-&utm_medium=email&utm_term=0_f7d45fbb67-52d1eb101d-356243111&mc_cid=52d1eb101d Bitcoin in Nigeria - Expanding the Narrative: https://open.spotify.com/show/3mTQg1bdR6q9gYIlSG9Y96?si=4f9738aec6fa491c Check out our amazing sponsors and the products that Guy uses most in the space: • Dive into the Bitcoin only wallet, the cypherpunk calculator, and a company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 5% off everything in the store! (guyswann.com/coldcard) • The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (swanbitcoin.com/guy) • COME HANG OUT! Join us and the Swan Bitcoin team at the Pacific Bitcoin Conference in November! Get your tickets now, 10% off with code BITOCINAUDIBLE (https://www.pacificbitcoin.com/) • Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 20% OFF with code BITCOINAUDIBLE (guyswann.com/fold) Learn more about your ad choices. Visit megaphone.fm/adchoices --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

"Cryptocurrency market-isms are built on claims about the economic and computer science advances Bitcoin and cryptocurrencies have achieved, and thus have a direct relationship to those claims. While some are the product entirely of fandom, others are more complex, attempting to both define a scientific position, and then encourage beliefs and conduct based on those claims." - Pete Rizzo Today we start a dive into Bitcoin Maximalism that we will expand on during this week. What is maximalism, is it just a group of arrogant, stubborn bullies on Twitter, or is it a set of principles around the defense and expansion of the Bitcoin only ecosystem? And how do we separate the ideology, from its self proclaimed proponents when they differ in practice? Rizzo covers this and more in a Forbes article on "How to Be a Bitcoin Maximalist." Don't miss it! Check out the original article at the link below, plus follow Rizzo on Twitter for tons of other great work: https://www.forbes.com/sites/peterizzo/2022/08/25/how-to-be-a-bitcoin-maximalist/?sh=3eaab2007036 Check out our amazing sponsors and the products that Guy uses most in the space: • The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (swanbitcoin.com/guy) • COME HANG OUT! Join us and the Swan Bitcoin team at the Pacific Bitcoin Conference in November! Get your tickets now, 10% off with code BITOCINAUDIBLE (https://www.pacificbitcoin.com/) • Dive into the Bitcoin only wallet, the cypherpunk calculator, and a company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 5% off everything in the store! (guyswann.com/coldcard) • Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 20% OFF with code BITCOINAUDIBLE (guyswann.com/fold) Learn more about your ad choices. Visit megaphone.fm/adchoices --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

"Many aspects of the Bitcoin mining industry are poorly understood and often misrepresented. But one practice in this sector stands apart for the misunderstandings and under-appreciation that surround it: intermittent mining." - Zack Voell One of the most under appreciated aspects of Bitcoin mining is its ability to be interrupted. As a buyer of last resort for energy that is curtailed or produced when it can't be consumed, and also able to turn off without losing its purchaser (i.e. the Bitcoin network), Bitcoin mining becomes a tool to arbitrage production times and smooth energy demand across the peaks and troughs around both production and consumption. Zack Voell brings an excellent short article with BitcoinMagazine that breaks down how! Check out the article plus links to lots of other discussion and related works at the link below: https://bitcoinmagazine.com/business/intermittent-bitcoin-mining-fixes-energy Check out our amazing sponsors and the products that Guy uses most in the space: • The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (swanbitcoin.com/guy) • COME HANG OUT! Join us and the Swan Bitcoin team at the Pacific Bitcoin Conference in November! Get your tickets now, 10% off with code BITOCINAUDIBLE (https://www.pacificbitcoin.com/) • Dive into the Bitcoin only wallet, the cypherpunk calculator, and a company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 5% off everything in the store! (guyswann.com/coldcard) • Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 20% OFF with code BITCOINAUDIBLE (guyswann.com/fold) Learn more about your ad choices. Visit megaphone.fm/adchoices --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

"A study of the hill tribes of Southeast Asia titled “The Art Of Not Being Governed” provided a fresh take. The author, James C. Scott, posits that the hill tribes were not “left behind” by the valley states but instead composed of refugees from the negative consequences of state-making down in the valleys: bondage, tribute, slavery, war epidemics and more. The rough terrain in the hills served as a natural impediment to absorption by the state." - Captain Sidd Today's article brings a unique perspective on history that sheds light on what is happening today. By showing how physical terrain kept the power of the state in check for thousands of years, Captain Sidd expands on the analogy to propose a technology today, that creates that same resistance to state power, in the digital space. Don't miss today's episode to bring a light to our shifting world. Link to the original article below: https://bitcoinmagazine.com/culture/bitcoin-is-the-hills And don't forget to check out James C Scott's book, "The Art of Not Being Governed." Check out our amazing sponsors and the products that Guy uses most in the space: • Dive into the Bitcoin only wallet, the cypherpunk calculator, and a company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 5% off everything in the store! (guyswann.com/coldcard) • The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (swanbitcoin.com/guy) COME HANG OUT! Join us and the Swan Bitcoin team at the Pacific Bitcoin Conference in November! Get your tickets now, 10% off with code BITOCINAUDIBLE (https://www.pacificbitcoin.com/) • Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 20% OFF with code BITCOINAUDIBLE (guyswann.com/fold) Learn more about your ad choices. Visit megaphone.fm/adchoices --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

We have got a great episode of Shitcoin Insider today, we bring the Insider himself back to the show today to discuss what Bitcoin maximalism even means, is it a "dying breed?" Is it just a bunch of meanies on Twitter? Or have we found ourselves fighting over a caricature that's equated to the lowest common denominator of the Twitterverse, while ignoring the actual set of principles behind the Bitcoin-only philosophy and what it truly means? You don't want to miss today's excellent conversation with the Shitcoin Insider. Host Links ⁠Guy on Nostr ⁠(Link: http://tinyurl.com/2xc96ney) ⁠Guy on X ⁠(Link: https://twitter.com/theguyswann) Guy on Instagram (Link: https://www.instagram.com/theguyswann) Guy on TikTok (Link: https://www.tiktok.com/@theguyswann) Guy on YouTube (Link: https://www.youtube.com/@theguyswann) ⁠Bitcoin Audible on X⁠ (Link: https://twitter.com/BitcoinAudible) The Guy Swann Network Broadcast Room on Keet (Link: https://tinyurl.com/3na6v839) Check out our awesome sponsors! Fold: The best way to buy, use, and earn #Bitcoin on everything you do! Sats back on your debit card, gift cards, auto-buys, round-ups, you name it. Fold is the true bitcoiner's banking. Get 20K sats for FREE using referral code bitcoinaudible.com/fold Ready for best-in-class self custody? Get the Jade here and use discount code 'GUY' to get 10% off (Link: bitcoinaudible.com/jade) Trying to BUY BITCOIN? River, secure, trusted, bitcoin only, lightning enabled, simple. (Link: https://bitcoinaudible.com/river) Bitcoin Games! Get 10% off the best Bitcoin board game in the world, HODLUP! Or any of the other great games from the Free Market Kids! Use code GUY10 at checkout for 10% off your cart! (Link: https://www.freemarketkids.com/collections/games-1) Bitcoin Custodial Multisig Want to get into Bitcoin but not ready for self custody? Use custodial multisig for the best way to distribute trust across multiple institutions and even jurisdictions! Check out OnRamp. (Link: BitcoinAudible.com/onramp) Education & HomeSchooling Get the lesson in real economics that you never got in school, and teach your kids the truth, not the statist insanity that is Keynesianism. Liberty Classroom is the invaluable resource you are looking for! (Link: BitcoinAudible.com/Liberty)

"The answer that matters depends on the context. The context you need to have is that cryptocurrency, i.e. Bitcoin, was invented/discovered initially to allow a money by the people that cannot be shut down by government. In that context, the most important element to be decentralized is the network of Nodes. -- If the nodes are not decentralized, nothing else decentralized matters. -- If the nodes are decentralized, then the other things kind of matter, but not as much." - Arman the Parman Today we hit a short, but important piece from the Bitcoin Reserve blog that breaks down the context of decentralization, which is what truly matters. There are all types of things we can arbitrarily decentralize, elements of the network, codebase, implementations, etc. But all of these things are secondary to the most critical decentralization, the one that matters, and the one that represents a once-in-a-millenia innovation that will change everything. Without that critical pillar, the decentralization of literally everything else is irrelevant... listen to find out. Link to the original article to check it out, dig deeper into the topics, or read the many other great pieces at Bitcoin reserve: https://bitcoinreserve.com/blog/understanding-decentralization-in-bitcoin# Link to Arman's piece on why you should run a node: https://armantheparman.com/why-should-you-run-your-own-bitcoin-node/ Link to the most important history lesson in Bitcoin: https://www.audible.com/pd/The-Blocksize-War-Audiobook/B096CNVVQC?qid=1661901093&sr=1-1&ref=a_search_c3_lProduct_1_1&pf_rd_p=83218cca-c308-412f-bfcf-90198b687a2f&pf_rd_r=R8K45E4E7Q0D0R8TTHCF Check out our amazing sponsors and the products that Guy uses most in the space: • The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (swanbitcoin.com/guy) COME HANG OUT! Join us and the Swan Bitcoin team at the Pacific Bitcoin Conference in November! Get your tickets now, 10% off with code BITOCINAUDIBLE (https://www.pacificbitcoin.com/) • Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 20% OFF with code BITCOINAUDIBLE (guyswann.com/fold) • Dive into the Bitcoin only wallet, the cypherpunk calculator, and a company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 5% off everything in the store! (guyswann.com/coldcard) Learn more about your ad choices. Visit megaphone.fm/adchoices --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

"I think too many people in those early years interpreted “e-cash” to mean quick-and-easy payments for everyday goods using the base layer, when a better way to think of cash today is as a private censorship-resistant final settlement transaction method. Physical cash, after all, is not necessarily the easiest payment type, or a medium of exchange that we need to use for everything, but it’s the most private and the hardest to prevent from occurring." - Lyn Alden The full, uninterrupted reading of Lyn Alden's incredible piece detailing the philosophy of engineering that informed the layered approach, how the lightning network works, what the future of the lightning network may hold, and answering some common criticisms of the Lightning protocol. If you haven't heard or read this one, it is not to be missed. Enjoy. Check out the original article plus the incredible library of material authored by Lyn on her blog below: https://www.lynalden.com/lightning-network/#layers Check out our amazing sponsors and the products that Guy uses most in the space: • The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (swanbitcoin.com/guy) COME HANG OUT! Join us and the Swan Bitcoin team at the Pacific Bitcoin Conference in November! Get your tickets now, 10% off with code BITOCINAUDIBLE (https://www.pacificbitcoin.com/) • Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 20% OFF with code BITCOINAUDIBLE (guyswann.com/fold) • Dive into the Bitcoin only wallet, the cypherpunk calculator, and a company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 5% off everything in the store! Coinkite.com Learn more about your ad choices. Visit megaphone.fm/adchoices --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

Tearing down the fallacies of the collective, and digging through the principles of liberty and personal responsibility with the one and only Aleks Svetski and co-author Mark Moss. My brother also joins us today to dig into this topic with a really fun chat on the powerful, but ultimately broken ideas of communism, and why Moss and Svetski's book, The UnCommunist Manifesto, is a short, succinct breakdown of the principles that align us with truth and personal responsibility. You don't want to miss this really fun conversation. Check out the awesome book and get your copy below: https://www.uncommunist.com/optin1642549665295 Follow our guests on Twitter to stay up on what the work & content they produce, and the fire they spit on Twitter: https://twitter.com/1markmoss https://twitter.com/SvetskiWrites https://twitter.com/agoristview Check out our amazing sponsors and the products that Guy uses most in the space: • The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (swanbitcoin.com/guy) COME HANG OUT! Join us and the Swan Bitcoin team at the Pacific Bitcoin Conference in November! Get your tickets now, 10% off with code BITOCINAUDIBLE (https://www.pacificbitcoin.com/) • Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 20% OFF with code BITCOINAUDIBLE (guyswann.com/fold) • Dive into the Bitcoin only wallet, the cypherpunk calculator, and a company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 5% off everything in the store! Coinkite.com Learn more about your ad choices. Visit megaphone.fm/adchoices --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

"Back when the iPhone was introduced in 2007, few people thought, “wow this could really disrupt the taxi industry a decade from now.” A few technologies had converged by that the point to where everyday people could have a pocket supercomputer with a big touchscreen and a high-bandwidth mobile internet connection, and this served as a set of building blocks that could exponentially eat into many other industries, including allowing Uber to come along and change how we move across cities. All manner of individual hardware electronic devices became mostly-obsolete as they became applications on a smart phone. I view the Bitcoin/Lightning stack as being similar. The network is still tiny and has a lot of development work still to do, and nothing is for certain. But to me it looks like a powerful monetary network with a ton of upside potential over the next decade." - Lyn Alden We are diving into the third and final part of "A Look at the Lightning Network" by Lyn Alden. This will round out a lot of what the future of lightning may hold, how it is being developed and its process of growth, and answering some of the both valid and the deeply misguided criticisms of the network. Most of which that come from the crypto space, where so many projects' very reason for existence depends on Lightning Network not working. We get into all of it, in Part 3. If you haven't yet go back and listen to Part 1 and 2, or you are going to be lost, I warned you. Otherwise, enjoy! Link to the original article and the Swan Bitcoin blog for tons of other great reading: https://www.swanbitcoin.com/a-look-at-the-lightning-network/ Check out Tony's incredible work on Lightning Network privacy, its trade offs, and future potential: https://open.spotify.com/episode/1zQxG69Ynm6Ic18SPDwg5h?si=5ba220e79e6c4954 Check out our amazing sponsors and the products that Guy uses most in the space: • The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (swanbitcoin.com/guy) COME HANG OUT! Join us and the Swan Bitcoin team at the Pacific Bitcoin Conference in November! Get your tickets now, 10% off with code BITOCINAUDIBLE (https://www.pacificbitcoin.com/) • Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 20% OFF with code BITCOINAUDIBLE (guyswann.com/fold) • Dive into the Bitcoin only wallet, the cypherpunk calculator, and a company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 5% off everything in the store! Coinkite.com Learn more about your ad choices. Visit megaphone.fm/adchoices --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

"But more broadly, one must ask, “at what point would someone want to permanently exchange their self-custodial scarce money (bitcoin) that has a 1.8% annual supply inflation rate that is exponentially shrinking, for a soft money (fiat currency) that typically has a 7% annual supply inflation rate or higher?” The answer for many people, is never, as long as the Bitcoin network is still working." - Lyn Alden What is up we are digging into Part 2 of Lyn Alden's amazing piece "A Look at the Lightning Network" - and we have a rather ridiculous Guy's Take after this to cover the rest of the groundwork laid in Part 1 that I didn't get to cover, a lengthy tangent about proof of stake and the total meaningful loss of anything considered independence or decentralization of ETH 2.0 before the merge even happened (that I hadn't actually intended to get into, but you'll get it anyway), and of course, Lyn's amazing breakdown of the trade-offs, the philosophical reasons & practical reasons for layered engineering, and how Lightning is fulfilling the promises of P2P electronic cash. All this in today's episode - get ready Link to the original article and the Swan Bitcoin blog for tons of other great reading: https://www.swanbitcoin.com/a-look-at-the-lightning-network/ The audiobook for Check Your Financial Privilege is now available and covers in depth many of the human rights struggles mentioned by Lyn Alden in this piece: https://www.audible.com/pd/Check-Your-Financial-Privilege-Audiobook/B0B9T6BJC4 And the audio for Allen Farrington's "Wittgenstein's Money" on experiencing the monetization of a truly new monetary good: https://open.spotify.com/episode/1eVvYlfTRG7zGjkZW8klIE?si=db628c9e11b744f1 Check out our amazing sponsors and the products that Guy uses most in the space: • The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (swanbitcoin.com/guy) COME HANG OUT! Join us and the Swan Bitcoin team at the Pacific Bitcoin Conference in November! Get your tickets now, 10% off with code BITOCINAUDIBLE (https://www.pacificbitcoin.com/) • Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 20% OFF with code BITCOINAUDIBLE (guyswann.com/fold) • Dive into the Bitcoin only wallet, the cypherpunk calculator, and a company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 5% off everything in the store! Coinkite.com Learn more about your ad choices. Visit megaphone.fm/adchoices --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

"Simple “bubbles” don’t survive through several 70%+ drawdowns over a period lasting thirteen years and counting; it looks more like Metcalfe’s law of network adoption at this point. That doesn’t mean it is without risks, but it means it should be studied and understood rather than dismissed, to see what it is about this network that allows it to keep growing through resistance." - Lyn Alden After about 20 requests we are finally diving into Lyn Alden's incredible piece on Bitcoin's evolution from secure store of value, to global medium of exchange. Lyn takes us through a brief history in the context of Bitcoin's success and trade offs, to the merit of its scaling philosophy, how the Lightning Network accomplishes that and what it means for Bitcoin's present and future. We will try to get through this in 3 parts, starting today with Part 1, of "A Look at the Lightning Network." Link to the original article and the Swan Bitcoin blog for tons of other great reading: https://www.swanbitcoin.com/a-look-at-the-lightning-network/ The audiobook for Check Your Financial Privilege is now available and covers in depth many of the human rights struggles mentioned by Lyn Alden in this piece: https://www.audible.com/pd/Check-Your-Financial-Privilege-Audiobook/B0B9T6BJC4 And the audio for Allen Farrington's "Wittgenstein's Money" on experiencing the monetization of a truly new monetary good: https://open.spotify.com/episode/1eVvYlfTRG7zGjkZW8klIE?si=db628c9e11b744f1 Check out our amazing sponsors and the products that Guy uses most in the space: • The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (swanbitcoin.com/guy) • Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 20% OFF with code BITCOINAUDIBLE (guyswann.com/fold) • Dive into the Bitcoin only wallet, the cypherpunk calculator, and a company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 5% off everything in the store! Coinkite.com Learn more about your ad choices. Visit megaphone.fm/adchoices --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

"Today, people use inflation to refer to two separate things, and whenever you hear someone saying inflation it’s not always clear which definition they are referring to. One definition is “the prices of consumer goods increasing” and the other is “dilution of the money supply”. So which is it?" - Steven Lubka Steven brings an excellent piece today from the Swan Bitcoin Blog about the nature of Bitcoin as an inflation hedge. Does that mean Bitcoin will stay perfectly in line with the general price level of all consumer goods? Or does it means it will adjust to the monetary supply and interest rate, and if so, what does either mean for Bitcoin going forward? If you ever heard the criticism that Bitcoin has failed as an inflation hedge, this is a read you don't want to miss. Link to the original article plus tons of other great stuff at the SwanBitcoin blog and newsletter: https://www.swanbitcoin.com/bitcoin-and-the-true-meaning-of-inflation/ Don't miss the PACIFIC BITCOIN CONFERENCE from the Swan Bitcoin team! We are going to have a blast in LA in November and I hope to see you guys there. Don't forget to grab 10% OFF with Discount Code BITCOINAUDIBLE at pacificbitcoin.com Check out our amazing sponsors and the products that Guy uses most in the space: • The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (swanbitcoin.com/guy) • Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 20% OFF with code BITCOINAUDIBLE (guyswann.com/fold) • Dive into the Bitcoin only wallet, the cypherpunk calculator, and a company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 5% off everything in the store! Coinkite.com Learn more about your ad choices. Visit megaphone.fm/adchoices --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

WE ARE BACK! Were you wondering about everything that happened in the collapse of TerraUSD, the algorithmic stablecoin that got algonniahilated? And how exactly did one project's failure create such a cascading shitstorm of Defi defaulting? Cory Klippsten, CEO of SwanBitcoin, and outspoken critic who warned everyone of these projects long before they collapsed, breaks down what he saw in these [rojects and companies that brought them to their inevitable conclusion. Follow Cory here. (Link: https://x.com/coryklippsten/) Dont miss the return of Shitcoin Insider! Host Links ⁠Guy on Nostr ⁠(Link: http://tinyurl.com/2xc96ney) ⁠Guy on X ⁠(Link: https://twitter.com/theguyswann) Guy on Instagram (Link: https://www.instagram.com/theguyswann) Guy on TikTok (Link: https://www.tiktok.com/@theguyswann) Guy on YouTube (Link: https://www.youtube.com/@theguyswann) ⁠Bitcoin Audible on X⁠ (Link: https://twitter.com/BitcoinAudible) The Guy Swann Network Broadcast Room on Keet (Link: https://tinyurl.com/3na6v839) Check out our awesome sponsors! Fold: The best way to buy, use, and earn #Bitcoin on everything you do! Sats back on your debit card, gift cards, auto-buys, round-ups, you name it. Fold is the true bitcoiner's banking. Get 20K sats for FREE using referral code bitcoinaudible.com/fold Ready for best-in-class self custody? Get the Jade here and use discount code 'GUY' to get 10% off (Link: bitcoinaudible.com/jade) Trying to BUY BITCOIN? River, secure, trusted, bitcoin only, lightning enabled, simple. (Link: https://bitcoinaudible.com/river) Bitcoin Games! Get 10% off the best Bitcoin board game in the world, HODLUP! Or any of the other great games from the Free Market Kids! Use code GUY10 at checkout for 10% off your cart! (Link: https://www.freemarketkids.com/collections/games-1) Bitcoin Custodial Multisig Want to get into Bitcoin but not ready for self custody? Use custodial multisig for the best way to distribute trust across multiple institutions and even jurisdictions! Check out OnRamp. (Link: BitcoinAudible.com/onramp) Education & HomeSchooling Get the lesson in real economics that you never got in school, and teach your kids the truth, not the statist insanity that is Keynesianism. Liberty Classroom is the invaluable resource you are looking for! (Link: BitcoinAudible.com/Liberty)

"I think there are some important economic errors in the stories I see people telling about crypto, on Twitter and elsewhere — errors that have important implications for how we should think about the value of Bitcoin and other blockchain assets." - Noahpinion Unfortunately I think there are quite the few economic errors in Noahpinion's article titled, "Economic misconceptions of the crypto world." While he may actually have some fundamental points to add around much of the "crypto" space and their failure to understand what creates value, I think it shows Noahpinion's own misconceptions when he incorrectly applies some of the common crypto fallacies to Bitcoin, without understanding the deeper arguments, behind the more popular, & simplistic taglines that make their way across the social landscape. So in the most Guy Rant filled episode I've done in ages, we dive into the Misconceptions in Noahpinion's Crypto Misconceptions. Why savers aren't rent seekers, but money printers are rent seekers of the worst magnitude. Pieces mentioned in the article for further reading or listening: The Yield From Money Held, Reconsidered: https://bitcoinaudible.com/the-yield-from-money-held-reconsidered/ The 7th Property (Eric Yakes): https://www.amazon.com/7th-Property-Bitcoin-Monetary-Revolution/dp/0578902621 First Impressions of Web3: https://open.spotify.com/episode/7D4UD3n3H2mflqkVNnVczj?si=10ccd7de3c7a4e85 Check out our amazing sponsors and the products that Guy uses most in the space: • Dive into the Bitcoin only wallet, the cypherpunk calculator, and a company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 5% off everything in the store! Coinkite.com • The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (swanbitcoin.com/guy) • Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 20% OFF with code BITCOINAUDIBLE (guyswann.com/fold) Learn more about your ad choices. Visit megaphone.fm/adchoices --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

"These two jobs are almost always in tension. Any added protection to keep a bad actor out adds a risk that it may also trip up the owner, and any new backup or alternative way to access creates a new potential security hole." - @max_guise Today we dive into a practical piece on how to build a unique self custody model that allows the user room to make mistakes, but still retain control, or the ability to recover their funds. Safely storing Bitcoin keys can be incredibly challenging and the unforgiving nature of the Bitcoin system is intimidating to new users who can find themselves trusting a custodian, out of fear of making a mistake when holding their own keys. Block, Inc is thinking about this problem in unique ways to bring self custody to the average user, and leveraging Bitcoin's tools to accomplish it. Check out the original article that includes links for diving deeper and following or contacting the team on social media to learn more. If you have any thoughts on the questions proposed at the end of the read, be sure to reach out to them. https://wallet.build/losing-your-keys-without-losing-your-coins/ Check out our amazing sponsors and the products that Guy uses most in the space: • The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (swanbitcoin.com/guy) • Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 20% OFF with code BITCOINAUDIBLE (guyswann.com/fold) • Dive into the Bitcoin only wallet, the cypherpunk calculator, and a company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 5% off everything in the store! Coinkite.com Learn more about your ad choices. Visit megaphone.fm/adchoices --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

Following up on the release of Keet.io and a simple to use, responsive, encrypted, & scalable P2P data sharing protocol in Holepunch, its network backend, we bring the CEO of Holepunch Mathias Buus, and the CSO of Holepunch and CTO of Bitfinex, Paolo Ardoino on the show to talk about what the long term vision of this project truly is. This isn't just a better video chat app, this is the first building block in a plan to rebuild the internet & potentially break down the walls of the internet's major platforms. Are they onto something, or is it a pipe dream? Listen to hear what they say in today's chat. Follow Mathias and Paolo on twitter at the links below to stay up on the projects they are working on, and the many new developments to come: https://twitter.com/mafintosh https://twitter.com/paoloardoino Check out Keet if you want to explore the potential of this new networking protocol and backend. If you are a developer looking to build on the P2P web, go to their discord link to find out more: https://keet.io/ https://discord.com/invite/holepunch The Cathedral & the Bazaar: Musings on Linux and Open Source by an Accidental Revolutionary: https://www.amazon.com/Cathedral-Bazaar-Musings-Accidental-Revolutionary/dp/1565927249/ref=sr_1_2?crid=32I7TKBRZH4MT&keywords=cathedral+bazaar&qid=1659981647&sprefix=%2Caps%2C69&sr=8-2) Check out our amazing sponsors and the products that Guy uses most in the space: • The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (swanbitcoin.com/guy) • Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 20% OFF with code BITCOINAUDIBLE (guyswann.com/fold) • Dive into the Bitcoin only wallet, the cypherpunk calculator, and a company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 5% off everything in the store! Coinkite.com Learn more about your ad choices. Visit megaphone.fm/adchoices --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

"It’s not and never was about equality or perfection. It’s about fairness and consequence. Bitcoin is “Responsibility go Up” technology." - Aleks Svetski The principles and rules of Bitcoin do not establish utopia, they do not create a perfect equality for all participants, instead it creates fairness and enforces equal responsibility on all who use the Bitcoin system. It is rules without rulers, it is a form of natural, incorruptible law, and all the consequences that come with that. Svetski brings us a great piece on why Bitcoin is really "responsibility go up" technology. Check out the original at the link below: https://bitcoinmagazine.com/culture/why-bitcoiners-are-not-utopians Check out "The UnCommunist Manifesto" by Aleks Svetski and Mark Moss for expanding on these ideas and the contradictions and consequences of ignoring fundamental truths: https://www.amazon.com/dp/B0B837FN63 Check out our amazing sponsors and the products that Guy uses most in the space: • The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (swanbitcoin.com/guy) • Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 20% OFF with code BITCOINAUDIBLE (guyswann.com/fold) • Dive into the Bitcoin only wallet, the cypherpunk calculator, and a company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 5% off everything in the store! Coinkite.com Learn more about your ad choices. Visit megaphone.fm/adchoices --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

Orange pilling the everyday user with Mash. Combining simple, fast onboarding into the Lightning ecosystem and enabling a unique monetizing experience with micropayments and payment flows to any content imaginable. Author Jesse Berger joins to announce the experience available for exploring his book, Magic Internet Money. Pay for the book, or by the chapter, or the page. Pay only for what you want to read, and not a sat more. Find out more in today's chat, Mashing it with Magic Internet Money. Explore more with the links below and follow Jared at Get Mash, and Jesse Berger for ongoing developments. Keep an ear out for the audiobook available very soon! Check out our amazing sponsors and the products that Guy uses most in the space: • The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (swanbitcoin.com/guy) • Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 20% OFF with code BITCOINAUDIBLE (guyswann.com/fold) • Dive into the Bitcoin only wallet, the cypherpunk calculator, and a company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 5% off everything in the store! Coinkite.com Learn more about your ad choices. Visit megaphone.fm/adchoices --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

"Holepunch makes Hypercore more accessible by abstracting away low-level technical details of the protocol. It takes Hypercore one step further by simplifying the architecture and enabling more people to build apps with it — which enabled a single frontend developer to build Keet in under four months" - Namcios Keet is going to change the game. P2P encrypted and decentralized, video, audio, and file sharing. Built on Holepunch and Hypercore, a technology stack that has the potential to drastically impact how we send and receive data, and connect to each other on the internet. If we are to have a true Web3, this might just be a window into what that is going to look like. Not 1,000 bullshit tokens, not a bunch of VC investors and token gambling, but fast, P2P, encrypted, private data sharing. You don't want to miss this episode. Link to the original at Bitcoin Magazine: https://bitcoinmagazine.com/technical/keet-the-decentralized-communications-app GET YOUR TICKETS FOR PACIFIC BITCOIN! Discount code GUYS gets you 20% off but only until the end of July! https://www.pacificbitcoin.com/ Check out our amazing sponsors and the products that Guy uses most in the space: • The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (swanbitcoin.com/guy) • Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 20% OFF with code BITCOINAUDIBLE (guyswann.com/fold) • Dive into the Bitcoin only wallet, the cypherpunk calculator, and a company that has built secure Bitcoin products for nearly a decade. Coinkite.com Learn more about your ad choices. Visit megaphone.fm/adchoices --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

"If a money (the most salable good) is easy to create more of, then any rational economic actor would just go out and create more money for herself, diluting the whole supply of it. If an asset has a monetary premium on top of its pure utility value, then it’s strongly incentivizing market participants to try to make more of it, and so only the forms of money that are the most resistant to debasement can withstand this challenge." - Lyn Alden The full, unabridged reading of Lyn Alden's excellent breakdown of the question that marks the beginning of the Bitcoin Rabbit Hole, "What is Money, Anyway?" Link to Lyn Alden's piece and the incredible other work she has on her blog: https://www.lynalden.com/what-is-money/ Check out our amazing sponsors and the products that Guy uses most in the space: • The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (swanbitcoin.com/guy) • Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 20% OFF with code BITCOINAUDIBLE (guyswann.com/fold) • Dive into the Bitcoin only wallet, the cypherpunk calculator, and a company that has built secure Bitcoin products for nearly a decade. Coinkite.com Learn more about your ad choices. Visit megaphone.fm/adchoices --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

“Fedi and Fedimint will help put monetary power back into the hands of everyone, everywhere,” said Fedi Inc. co-founder and CEO, Obi Nwosu, in a statement. “This creates brighter futures for billions and especially for those struggling under oppressive regimes, which ultimately makes the world a better place.” - Namcios The cypherpunk mission of Chaumian Ecash may finally be realized, as a federated payment model on top of Bitcoin. Fedi, the company implmenting a user-friendly, community custody system for the Fedimint protocol, raised $4 million recently to bring this technology to market. There are numerous trade offs, but it remains a very unique and fascinating technology to add to the Bitcoin stack. This will act as an introduction to the idea as we dig further into it in future episodes. Enjoy! Check out the original article by Namcios, and on Bitcoin Magazine: https://bitcoinmagazine.com/technical/how-fedimint-scales-bitcoin-custody Check out Obi's speech from Bitcoin2022, and the Fedi crew getting into the details on TFTC: Bitcoin2022 Obi - https://youtu.be/OwJL0J_nPDE?t=14319 TFTC - https://www.youtube.com/watch?v=b67lfH0SoYY&t=0s Check out our amazing sponsors and the products that Guy uses most in the space: • The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (swanbitcoin.com/guy) • Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 20% OFF with code BITCOINAUDIBLE (guyswann.com/fold) • Dive into the Bitcoin only wallet, the cypherpunk calculator, and a company that has built secure Bitcoin products for nearly a decade. Coinkite.com Learn more about your ad choices. Visit megaphone.fm/adchoices --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

"Like any powerful technology, bitcoin can be used for good or ill. As proponents of the technology like to say, bitcoin is “money for enemies” because it’s a bearer asset that can be verified rather than trusted, and it’s hard to block payments for anyone. It’s like a commodity; something that can be partially regulated within certain jurisdictions but that in the holistic sense, exists outside of anyone’s control." - Lyn Alden Today we hit the third and final part of Lyn Alden's incredible breakdown of the history and nature of money, and how it enlightens the changing monetary landscape and the rise of digital assets. Check out the tons of great links and other works below to continue down the rabbit hole: Original article: https://www.lynalden.com/what-is-money/ Nick Szabo - Shelling Out: https://bitcoinaudible.com/reboot-shelling-out-the-origins-of-money-nick-szabo/ Wittgenstein's Money: https://open.spotify.com/episode/1eVvYlfTRG7zGjkZW8klIE?si=02d4eaa72fe642c4 Bitcoin First: https://open.spotify.com/episode/2bbmhdkHH1vcM31uo5Mimd?si=1dbebc2c2a9e46a1 Bitcoin Energy Consumption isn't a Problem. Here's Why: https://www.lynalden.com/bitcoin-energy/ Banks, QE, & Money Printing: https://www.lynalden.com/money-printing/ Check out our amazing sponsors and the products that Guy uses most in the space: • The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (swanbitcoin.com/guy) • Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 20% OFF with code BITCOINAUDIBLE (guyswann.com/fold) • Dive into the Bitcoin only wallet, the cypherpunk calculator, and a company that has built secure Bitcoin products for nearly a decade. Coinkite.com Learn more about your ad choices. Visit megaphone.fm/adchoices --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message