Citizen Bitcoin

In the first Citizen Bitcoin interview episode, long time bitcoiner and creator of the #LNTrustChain, aka the lightning torch, Hodlonaut joins Brady for a discussion about the lightning torch, his experience discovering and learning bitcoin, the recent discussion about small blocks and much more. If you appreciate the pod, it would be a huge help if you took a minute to leave a rating and review wherever you get your podcasts! Citizen Bitcoin on Twitter: https://twitter.com/citizenbitcoin Citizen Bitcoin Podcast: https://citizenbitcoin.world Citizen Bitcoin on Medium: https://medium.com/@citizenbitcoin Links from the show: Hodlonaut on Twitter: https://twitter.com/hodlonaut The Lightning Trust Chain genesis tweet: https://twitter.com/hodlonaut/status/1086703428791865345 LNTrustChain hashtag: https://twitter.com/search?q=%23LNTrustChain&src=tyah LN Trust Chain tracking spreadsheet: https://docs.google.com/spreadsheets/d/1lyMcG2kGvcbNOIKYXEfTvSH8831L_HOdxN3kQWbqwzo/edit?usp=sharing The torch's website (including the video): https://www.takethetorch.online/ Hodlonaut trolls Erick Vorhees: https://twitter.com/hodlonaut/status/1095677151528079360

Tommy and Brady discuss bitcoin, lightning network and taxes and recent reports from the University of Cambridge Judge Business School and the Bank for International Settlements. Citizen Bitcoin on Twitter: https://twitter.com/citizenbitcoin Citizen Bitcoin Podcast: https://citizenbitcoin.world Citizen Bitcoin on Medium: https://medium.com/@citizenbitcoin Links from the show: How bitcoin is taxed in the United States: https://www.thebalance.com/how-bitcoins-are-taxed-3192871 Cambridge 2nd Global Cryptoasset Benchmarking Study: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3306125 Bank for International Settlements argues Bitcoin ‘is not sustainable without block rewards’: https://www.theblockcrypto.com/2019/01/22/bank-for-international-settlements-argues-bitcoin-is-not-sustainable-without-block-rewards/ Beyond the doomsday economics of “proof-of-work” in cryptocurrencies: https://www.bis.org/publ/work765.pdf Definition of a 51% attack: https://en.bitcoin.it/wiki/Majority_attack Theoretical cost of a 51% attack on each network: https://www.crypto51.app/ Bitcoin post-issuance: an existential threat: https://www.theblockcrypto.com/2019/01/24/bitcoin-post-issuance-an-existential-threat/ Nic Carter thread on fee market and block size limit: https://twitter.com/nic__carter/status/1087698624426004480

Brady joined Scott Hawkins, host of PayPod, a podcast for the payments industry, to talk about bitcoin. It was originally published on Dec 31, 2018. This episode has some crossover with our Bitcoin Turns Ten episode but is still worth a listen. Watch out for a new ep with me and Tommy dropping later today! Find the original podcast and show notes here: https://www.soarpay.com/2018/12/swenson-ep27/

Tommy and Brady are back in action for bitcoin's tenth birthday. We take a look back at the birth of bitcoin and its first ten years of life and speculate on challenges and potential developments for the next ten. Links from the episode: History of bitcoin resources: https://www.thestreet.com/investing/bitcoin/bitcoin-history-14686578 https://en.wikipedia.org/wiki/History_of_bitcoin https://www.fool.com/investing/2018/04/02/the-history-of-bitcoin.aspx Satoshi email from 1/16/2018 speculating about 10 years in the future: https://satoshi.nakamotoinstitute.org/emails/bitcoin-list/23/ Jameson Lopp's bitcoin by the numbers 2018: https://medium.com/@lopp/bitcoin-by-the-numbers-2018-recap-68a91789d804 Citizen Bitcoin on Twitter: https://twitter.com/citizenbitcoin Citizen Bitcoin Podcast: https://citizenbitcoin.world Citizen Bitcoin on Medium: https://medium.com/@citizenbitcoin

Tommy and Brady take a look at what we've learned since we started this podcast in January at the beginning of this down cycle and talk about the Bitcoin Cash hardfork drama, which was unfolding as we recorded. Links from the show below. Fascinated by bitcoin? Confused? Overwhelmed? We feel you. Follow us for useful breakdowns of news, the social & economic implications of bitcoin and breakdowns about how the system works. We are dedicated to being sovereign citizens of bitcoin and we're sharing our journey learning bitcoin hoping it makes yours a bit easier. Citizen Bitcoin on Twitter: https://twitter.com/citizenbitcoin Citizen Bitcoin Podcast: https://citizenbitcoin.world Citizen Bitcoin on Medium: https://medium.com/@citizenbitcoin Links from the show: Follow the Bcash Hash War! https://cash.coin.dance/ http://hashwars.cash/ "How Many Forks Does it Take to Get to the Center of Satoshi’s Vision?" https://medium.com/@thecryptoconomy/how-many-forks-does-it-take-to-get-to-the-center-of-satoshis-vision-9fa88eb5185

Tommy and Brady discuss the blockchainer/altcoiner topic dujour, stablecoins, take a look at institutional moves from Fidelity, Baakt and Coinbase and Andrew Desantis' ambitious project DeOS, which began mining last night. Links from the show below. Fascinated by bitcoin? Confused? Overwhelmed? We feel you. Follow us for useful breakdowns of news, the social & economic implications of bitcoin and breakdowns about how the system works. We are dedicated to being sovereign citizens of bitcoin and we're sharing our journey learning bitcoin hoping it makes yours a bit easier. Citizen Bitcoin on Twitter: https://twitter.com/citizenbitcoin Citizen Bitcoin Podcast: https://citizenbitcoin.world Citizen Bitcoin on Medium: https://medium.com/@citizenbitco Links from the show: Backdoor in USD Coin (USDC) https://twitter.com/econoar/status/1054785269843415040 "Huobi Lists Four ‘Regulated’ Stablecoins Vying for Tether’s Crown" https://www.ccn.com/huobi-lists-four-regulated-stablecoins-vying-for-tethers-crown/ "The Delicate Psychology of Stablecoins" https://www.coindesk.com/the-delicate-psychology-of-stablecoins/ "The crypto world is going wild for 'stablecoins' — here's everything you need to know about them" https://www.businessinsider.com/crypto-stablecoins-explained-bitcoin-ethereum-fintech-2018-9 Tether market cap: https://coinmarketcap.com/currencies/tether/ "Baakt Launches Bitcoin Futures For Institutional Clients Starting December 12" https://www.reddit.com/r/Bitcoin/comments/9qjje2/baakt_launches_bitcoin_futures_for_institutional/?utm_source=ifttt "Fidelity, the $2.5 trillion Wall Street giant, is launching a brand new institutional brokerage and custody business for crypto" https://theblockcrypto.com/2018/10/15/fidelity-the-2-5-trillion-wall-street-giant-is-launching-a-brand-new-institutional-brokerage-and-custody-business-for-crypto/ "What Bakkt aims to solve as a first step" https://medium.com/bakkt-blog/what-bakkt-aims-to-solve-as-a-first-step-afa7c56b10d7 "What is Baakt?" https://blockonomi.com/what-is-bakkt/ @desantis on Twitter, enjoy the rabbit hole, bitcoiners: https://twitter.com/desantis/with_replies Andrew Desantis' website: https://andrewdesantis.com/

Brady and Tommy discuss bitcoin mining energy usage and why Proof of Work is efficient, the information theory of money and the 2018 Baltic Honey Badger conference with takes on Bruce Fenton's tokenizing securities presentation and Nic Carter's Realized Market Cap idea. Links from the show below. Fascinated by bitcoin? Confused? Overwhelmed? We feel you. Follow us for useful breakdowns of news, the social & economic implications of bitcoin and breakdowns about how the system works. We are dedicated to being sovereign citizens of bitcoin and we're sharing our journey learning bitcoin hoping it makes yours a bit easier. Citizen Bitcoin on Twitter: https://twitter.com/citizenbitcoin Citizen Bitcoin Podcast: https://citizenbitcoin.world Citizen Bitcoin on Medium: https://medium.com/@citizenbitco Links from the show: 2018 Baltic Honey Badger Conference Day 1: https://www.youtube.com/watch?v=66ZoGUAnY9s 2018 Baltic Honey Badger Conference Day 2: https://www.youtube.com/watch?v=D2WXxgZ8h-0 Dan Held on The Information Theory of Money: https://twitter.com/danheld/status/1044631693062066177 "Proof of Work is Efficient" by Dan Held: https://medium.com/@danhedl/pow-is-efficient-aa3d442754d3 Bruce Fenton on tokenizing securities: https://twitter.com/brucefenton/status/1043833386257854464

Tommy and Brady discuss an assortment of recent happenings in bitcoin including bitcoin scaling (a 2.26 MB block and Lightning Network's astonishing growth), the "blockchain cruise" debate between Jimmy Song and Roger Ver, the Winklevoss stablecoin and The Final Boss of Bitcoin (aka The Bank for International Settlements). Links from the show below. Fascinated by bitcoin? Confused? Overwhelmed? We feel you. Follow us for useful breakdowns of news, the social & economic implications of bitcoin and breakdowns about how the system works. We are dedicated to being sovereign citizens of bitcoin and we're sharing our journey learning bitcoin hoping it makes yours a bit easier. Citizen Bitcoin on Twitter: https://twitter.com/citizenbitcoin Citizen Bitcoin Podcast: https://citizenbitcoin.world Citizen Bitcoin on Medium: https://medium.com/@citizenbitco Links from the show: Bitcoin mines it's largest block ever at 2.26 MB: https://twitter.com/ConanOBitcoin/status/1038824249065197570 Lightning Network continues its amazing growth: https://twitter.com/ConanOBitcoin/status/1039203077876838400 Full debate between Jimmy Song and Roger Ver: https://www.youtube.com/watch?v=HKM6DlaRpYo&feature=youtu.be Jimmy Song's "BCH is Fiat Money": https://medium.com/@jimmysong/bitcoin-cash-is-a-fiat-money-39626c002f77 Winklevoss stablecoin: https://www.marketwatch.com/story/winklevoss-twins-gemini-trust-launches-worlds-first-regulated-stablecoin-2018-09-10 Simon Lutz thread on the Bank for International Settlements: https://twitter.com/simonlutz21/status/1038811798521229312 The Tower of Basel book: https://www.nytimes.com/2013/07/21/books/review/tower-of-basel-by-adam-lebor.html https://www.amazon.com/dp/B00BKRW6GI?ref_=cm_sw_r_kb_dp_pK2jybM43ZD7K&tag=kpembed-20&linkCode=kpe

Brady reads a Twitter thread by Eric Wall that is intended to serve as a reminder when the ICO idiocy returns. Guy, the host of The Cryptoconomy Podcast, joins Brady to offer some commentary about ICOs and shitcoins. Links from the show below. Fascinated by bitcoin? Confused? Overwhelmed? We feel you. Follow us for useful breakdowns of news, the social & economic implications of bitcoin and breakdowns about how the system works. We are dedicated to being sovereign citizens of bitcoin and we're sharing our journey learning bitcoin hoping it makes yours a bit easier. Citizen Bitcoin on Twitter: https://twitter.com/citizenbitcoin Citizen Bitcoin Podcast: https://citizenbitcoin.simplecast.fm/ Citizen Bitcoin on Medium: https://medium.com/@citizenbitcoin Links from the show: A Reading of A Reminder for When The Idiocy Returns by Eric Wall on Twitter: https://twitter.com/ercwl/status/1033816350958014469 The Cryptoconomy Podcast: https://cryptoconomy.podbean.com/ Music: "To the Moon" by Hobotek from the Free Music Archive http://freemusicarchive.org/music/Hobotek/Odessa/03Hobotek_-Moon_in_the

Altcoin prices tumble as bitcoin price holds strong at the 6,000 USD per BTC and the 100 billion USD market cap level. Bitmain Pre-IPO documents paint a picture of trouble for the mightiest bitcoin mining company of all time. Fascinated by bitcoin? Confused? Overwhelmed? We feel you. Follow us for useful breakdowns of news, the social & economic implications of bitcoin and breakdowns about how the system works. We are dedicated to being sovereign citizens of bitcoin and we're sharing our journey learning bitcoin hoping it makes yours a bit easier. First Lawrence Bitcoin Meetup: https://www.meetup.com/Lawrence-Bitcoin-Meetup/events/kfktcqyxmbqb/ Bitcoin and altcoin price separation: https://twitter.com/Fullbeerbottle/status/1029284335898255360 via https://coin360.io/ Bitmain numbers from Samson Mow on Twitter https://twitter.com/Excellion/status/1029690904422957056 https://twitter.com/Excellion/status/1029688460402089984 https://twitter.com/Excellion/status/1029686892080521216 The bitcoin story in three tweets https://twitter.com/CitizenBitcoin/status/1028642389496406016 Bitcoin is different becasue https://twitter.com/pierre_rochard/status/988403000682139649 "To the Moon" by Hobotek from the Free Music Archive http://freemusicarchive.org/music/Hobotek/Odessa/03Hobotek_-_Moon_in_the_sky

Tommy and Brady dive into the financial side of bitcoin, taking a look at recent ETF proposal activity, the role of futures in bitcoin and the Lightning Network Reference Rate idea proposed by Nik Bhatia. Links from the show below. Fascinated by bitcoin? Confused? Overwhelmed? We feel you. Follow us for useful breakdowns of news, the social & economic implications of bitcoin and breakdowns about how the system works. We are dedicated to being sovereign citizens of bitcoin and we're sharing our journey learning bitcoin hoping it makes yours a bit easier. List of bitcoin ETF proposals: https://twitter.com/JSeyff/status/1023998013780500481 Nik Bhatia's "The Time Value of Bitcoin": https://medium.com/@timevalueofbtc/the-time-value-of-bitcoin-3807b91f02d2 Nik Bhatia's "The Bitcoin Risk Spectrum": https://medium.com/@timevalueofbtc/the-bitcoin-risk-spectrum-949f6abec290 Public Statement: Dissent of Commissioner Hester M. Peirce to Release No. 34-83723: https://www.sec.gov/news/public-statement/peirce-dissent-34-83723#.W1o-36vBMDU.twitter Winklevoss Bitcoin ETF Proposal Denied by U.S. SEC: https://bitcoinmagazine.com/articles/winklevoss-bitcoin-etf-proposal-denied-us-sec/ Institutional Investors Swap Bitcoin Futures for Physical BTC in Wall Street First: https://www.ccn.com/institutional-investors-swap-bitcoin-futures-for-physical-btc-in-wall-street-first/

Tommy and Brady take a minute to appreciate all the bitcoin progress made during this down cycle in the price. Bitcoin just keeps marching on with improvement proposals like Schnorr signatures and BetterHash. Personal safety as a bitcoin hodler is also discussed. Links from the show below. Fascinated by bitcoin? Confused? Overwhelmed? We feel you. Follow us for useful breakdowns of news, the social & economic implications of bitcoin and breakdowns about how the system works. We are dedicated to being sovereign citizens of bitcoin and we're sharing our journey learning bitcoin hoping it makes yours a bit easier. Citizen Bitcoin on Twitter: https://twitter.com/citizenbitcoin Citizen Bitcoin Podcast: https://citizenbitcoin.world/ Citizen Bitcoin on Medium: https://medium.com/@citizenbitcoin Links from the episode: @Cryptoconomy tweet thread listing developments in bitcoin over the past 30 days: https://twitter.com/TheCryptoconomy/status/1015362096832307200 Funny Name or Not, Schnorr Is a Big Deal for Bitcoin: https://www.coindesk.com/schnorr-signatures-explained-bitcoin-tech/ Schnorr signatures BIP: https://github.com/sipa/bips/blob/bip-schnorr/bip-schnorr.mediawiki @TuurDemeester tweet of Gregory Maxwell quote: https://twitter.com/TuurDemeester/status/1015305074728415232 BetterHash Aims to Increase Bitcoin Mining Decentralization: https://news.buybitcoinworldwide.com/betterhash-aims-to-increase-bitcoin-mining-decentralization/ BetterHash BIP: https://github.com/TheBlueMatt/bips/blob/betterhash/bip-XXXX.mediawiki @lopp tweet about documenting physical attacks against bitcoin owners: https://twitter.com/lopp/status/1015945799652474880 Known Physical Bitcoin Attacks: https://github.com/jlopp/physical-bitcoin-attacks/blob/master/README.md

Is hyperbitcoinization a half-baked maximalist fantasy or a real possibility? In a Medium post ObiWan Kenobit presents a model of how the process could play out and here, Brady presents it in audio and adds some thoughts. Links from the show below. Fascinated by bitcoin? Confused? Overwhelmed? We feel you. Follow us for useful breakdowns of news, the social & economic implications of bitcoin and breakdowns about how the system works. We are dedicated to being sovereign citizens of bitcoin and we're sharing our journey learning bitcoin hoping it makes yours a bit easier. Citizen Bitcoin on Twitter: https://twitter.com/citizenbitcoin Citizen Bitcoin Podcast: https://citizenbitcoin.simplecast.fm/ Citizen Bitcoin on Medium: https://medium.com/@citizenbitcoin Links from the show: Hyperbitcoinization: Winner Takes All by ObiWan Kenobit on Medium: https://medium.com/coinmonks/hyperbitcoinization-winner-takes-all-69ab59f9695f Money, blockchains, and social scalability by Nick Szabo on Unenumerated: http://unenumerated.blogspot.com/2017/02/money-blockchains-and-social-scalability.html Special thanks to The Cryptoconomy Podcast. If you appreciate Citizien Bitcoin you should definitely subscribe: https://cryptoconomy.podbean.com/

Tommy and Brady discuss the EOS mainnet failure and it's basically centralized structure; we share research that shows that 10 times more BCH coins are hodled than spent, whereas the ratio of hodled bitcoin versus spending bitcoin is 1:1; and we take a look at Satoshis.Place and why it is, yes, silly, but also important. Links from the show below. Fascinated by bitcoin? Confused? Overwhelmed? We feel you. Follow us for useful breakdowns of news, the social & economic implications of bitcoin and breakdowns about how the system works. We are dedicated to being sovereign citizens of bitcoin and we're sharing our journey learning bitcoin hoping it makes yours a bit easier. Citizen Bitcoin on Twitter: https://twitter.com/citizenbitcoin Citizen Bitcoin Podcast: https://citizenbitcoin.simplecast.fm/ Citizen Bitcoin on Medium: https://medium.com/@citizenbitcoin Links from the show: EOS mainnet failure: https://www.ccn.com/eos-blockchain-grinds-to-halt-as-software-bug-freezes-transactions/ Chainalysis research about ratio of BCH tokens held as a store of value, versus a medium of exchange compared to the BTC ratio: https://twitter.com/BitMEXResearch/status/1004995365202886656 https://blog.chainalysis.com/reports/money-supply Ethereum is declared not a security, helps to have friends in high places: https://twitter.com/AnselLindner/status/1004435205988503552 Satoshi's Place: https://satoshis.place/

Brady reads through and discusses three recent Twitter threads that explain the technical foundation of bitcoin maximalism: bitcoin is a protocol for the transfer of value over the internet and the history of internet protocols demonstrates that only one will win. Links from the show below. Fascinated by bitcoin? Confused? Overwhelmed? We feel you. Follow us for useful breakdowns of news, the social & economic implications of bitcoin and breakdowns about how the system works. We are dedicated to being sovereign citizens of bitcoin and we're sharing our journey learning bitcoin hoping it makes yours a bit easier. Citizen Bitcoin on Twitter: https://twitter.com/citizenbitcoin Citizen Bitcoin Podcast: https://citizenbitcoin.simplecast.fm/ Citizen Bitcoin on Medium: https://medium.com/@citizenbitcoin Links from the show: @MeniRosenfeld thread on why it is important to understand how bitcoin works: https://twitter.com/MeniRosenfeld/status/998712581899595776 @jmcorgan thread on "cargo-cult engineering" in the "blockchain space": https://twitter.com/jmcorgan/status/996434257026453506 @arbedout thread on early internet protocol developer Michael Padlipsky: https://twitter.com/arbedout/status/995277494801588224

Tommy and Brady take a look at Ethereum, discuss the debate about whether or not it is a security in the United States, summarize its history with the other kind of security and compare it to Bitcoin. Links from the show below. Newish to Bitcoin? Confused? Overwhelmed? We feel you. Follow us on YouTube, Medium and here for useful breakdowns of news, the social & economic implications of bitcoin and easy to follow howtos. We're just making the leap from learn to teach, your early support is huge. 🌍🌎🌏If you find value in this content, please subscribe, like, rate, review and share! Citizen Bitcoin on Twitter: https://twitter.com/citizenbitcoin Citizen Bitcoin on YouTube: https://www.youtube.com/channel/UCi_fqW5K7-eLUXcLU-dR3eQ/featured Citizen Bitcoin Podcast: https://citizenbitcoin.simplecast.fm/ Citizen Bitcoin on Medium: https://medium.com/@citizenbitcoin Links from the show: Is Ethereum a "noncompliant security" in the United States? https://www.thestreet.com/investing/bitcoin/ethereum-and-ripple-prices-might-come-under-pressure-soon-14567420 https://www.nytimes.com/2018/04/22/technology/gensler-mit-blockchain.html Preston Byrne leans toward Ethereum being a security based on it's presale and centralizing force of the Ethreum Foundation: https://prestonbyrne.com/2018/04/23/on-ethereum-security/ Ethereum Presale Dynamics Revisited: https://medium.com/hasufl/ethereum-presale-dynamics-revisited-c1b70ac38448 Peter Vandenbergh from Coin Center argues Ethereum is now sufficiently decentralized to deem it comparable to Bitcoin and thus not a security: https://coincenter.org/entry/no-ether-is-not-a-security A short history of smart contract hacks on Ethereum: https://medium.com/new-alchemy/a-short-history-of-smart-contract-hacks-on-ethereum-1a30020b5fd ERC20 Tokens Compromised | 5 Octodecillion USD Hack https://steemit.com/erc20/@cryptocoremedia/erc20tokenscompromised5octodecillionusdhack-yl0zshns2r Thanks for listening - please rate, review and share! -Tommy and Brady

Tommy and Brady discuss Basis' critique of Bitcoin and the alternative solution it is offering, discuss stable coins in general, take a look at data analysis of Hodl Waves and discuss the record global fiat debt of $164 trillion. Links from the show below. Newish to Bitcoin? Confused? Overwhelmed? We feel you. Follow us on YouTube, Medium and here for useful breakdowns of news, the social & economic implications of bitcoin and easy to follow howtos. We're just making the leap from learn to teach, your early support is huge. 🌍🌎🌏If you find value in this content, please subscribe, like, rate, review and share! Citizen Bitcoin on Twitter: https://twitter.com/citizenbitcoin Citizen Bitcoin on YouTube: https://www.youtube.com/channel/UCi_fqW5K7-eLUXcLU-dR3eQ/featured Citizen Bitcoin Podcast: https://citizenbitcoin.simplecast.fm/ Citizen Bitcoin on Medium: https://medium.com/@citizenbitcoin Newish to Bitcoin? Confused? Overwhelmed? We feel you. Follow us on YouTube, Medium and here for useful breakdowns of news, the social & economic implications of bitcoin and easy to follow howtos. We're just making the leap from learn to teach, your early support is huge. 🌍🌎🌏If you find value in this content, please subscribe, like, rate, review and share! Citizen Bitcoin on Twitter: https://twitter.com/citizenbitcoin Citizen Bitcoin on YouTube: https://www.youtube.com/channel/UCi_fqW5K7-eLUXcLU-dR3eQ/featured Citizen Bitcoin Podcast: https://medium.com/@citizenbitcoin Bloomberg article about global fiat debt record: https://www.bloomberg.com/news/articles/2018-04-18/world-debt-hits-record-164-trillion-as-crisis-hangover-lingers Pierre Rochard tweet about why we Bitcoin: https://twitter.com/pierre_rochard/status/983883145245282304/ Unchained Capital's data analysis of Hodl Waves: https://blog.unchained-capital.com/bitcoin-data-science-pt-1-hodl-waves-7f3501d53f63 Basis announcement blog post: https://medium.com/basis-blog/introducing-basis-a-stable-cryptocurrency-with-an-algorithmic-central-bank-7a795393a525 Crunchbase Basis analysis: https://news.crunchbase.com/news/basis-raises-133m-create-price-stable-cryptocurrency/ Basis whitepaper: http://www.basis.io/basis_whitepaper_en.pdf Pierre Rochard tweet about stable bitcoin: https://twitter.com/pierre_rochard/status/977866132798558214 Donald McIntyre tweet about stable coins: https://twitter.com/TokenHash/status/986675210525880320

Tommy and Brady discuss tweets that caught our attention this week about sidechains, The Bitcoin Standard book, bitcoin maximalism, and an interesting Lightning Network use case idea. We take a look at the bitcoin price and at why Roger Ver is wrong about scaling bitcoin. Links from the show below. Newish to Bitcoin? Confused? Overwhelmed? We feel you. Follow us on YouTube, Medium and here for useful breakdowns of news, the social & economic implications of bitcoin and easy to follow howtos. We're just making the leap from learn to teach, your early support is huge. 🌍🌎🌏If you find value in this content, please subscribe, like, rate, review and share! Citizen Bitcoin on Twitter: https://twitter.com/citizenbitcoin Citizen Bitcoin on YouTube: https://www.youtube.com/channel/UCi_fqW5K7-eLUXcLU-dR3eQ/featured Citizen Bitcoin Podcast: https://citizenbitcoin.simplecast.fm/ Sidechains tweet from Armin van Bitcoin: https://twitter.com/ArminVanBitcoin/status/978291979208536064?s=03 The Bitcoin Standard tweet from Brady: https://twitter.com/bswen/status/983901356200267777 The Bitcoin Standard book: https://www.amazon.com/Bitcoin-Standard-Decentralized-Alternative-Central/dp/1119473861 Dr. Saifedean Ammous Udemy course: https://www.udemy.com/understanding-macroeconomics-for-university-and-business/learn/v4/overview Lightning Network publishing platform idea tweet from Ansel Lindner: https://twitter.com/AnselLindner/status/984115149299748865 Three bitcoin facts not widely understood yet: https://amp.reddit.com/r/Bitcoin/comments/8bgjlw/3_basic_facts_that_show_bitcoin_is_the_most/?__twitter_impression=true Jack Dorsey the bitcoin maximalist: https://twitter.com/bswen/status/983709064730497024 Why Roger Ver is Wrong About Scaling Bitcoin: https://medium.com/@citizenbitcoin/rebutting-roger-why-roger-ver-is-wrong-about-scaling-bitcoin-10ca4799975d Jameson Lopp's bitcoin resources: https://lopp.net/bitcoin.html Cryptoconomy Quick Reads podcast: https://cryptoconomy.podbean.com/ Bitcoin and Markets podcast: http://bitcoinandmarkets.com/

Tommy and Brady discuss two opposing articles about bitcoin, one titled "Bitcoin is Ridiculous, Blockchain is Dangerous" and the other "The Bullish Case for Bitcoin" Links from the show below. Newish to Bitcoin? Confused? Overwhelmed? We feel you. Follow us on YouTube, Medium and here for useful breakdowns of news, the social & economic implications of bitcoin and easy to follow howtos. We're just making the leap from learn to teach, your early support is huge. 🌍🌎🌏If you find value in this content, please subscribe, like, rate, review and share! Citizen Bitcoin on Twitter: https://twitter.com/citizenbitcoin Citizen Bitcoin on YouTube: https://www.youtube.com/channel/UCi_fqW5K7-eLUXcLU-dR3eQ/featured Citizen Bitcoin on iTunes: https://itunes.apple.com/us/podcast/citizen-bitcoin/id1350483937 Or search your podcast app for “Citizen Bitcoin” “Bitcoin Is Ridiculous. Blockchain Is Dangerous“ https://www.bloomberg.com/news/features/2018-03-09/bitcoin-is-ridiculous-blockchain-is-dangerous-paul-ford @saifedean tweet “Which is the bubble?” https://twitter.com/saifedean/status/973223806633435136?s=20 “The Bullish Case for Bitcoin“ by Vijay Boyapati https://medium.com/@vijayb_24615/the-bullish-case-for-bitcoin-6ecc8bdecc1

Tommy and Brady discuss Bitcoin's energy usage, how it incentivizes renewable energy, the Petro and Telegram ICOs, time preference, a visualization of the history of bitcoin development, a cypherpunk research archive and the current BTC price. Links from the show below. Newish to Bitcoin? Confused? Overwhelmed? We feel you. Follow us on YouTube, Medium and here for useful breakdowns of news, the social & economic implications of bitcoin and easy to follow howtos. We're just making the leap from learn to teach, your early support is huge. 🌍🌎🌏If you find value in this content, please subscribe, like, rate, review and share! Subscribe to the CitizenBitcoin podcast on iTunes: https://itunes.apple.com/us/podcast/citizen-bitcoin/id1350483937 Bitcoin incentivizes renewable energy: https://twitter.com/francispouliot_/status/965284076973379584 Venezuela's 'Petro' Token Launches in Pre-Sale: https://www.coindesk.com/venezuelas-petro-token-launches-pre-sale/ The petro hasn’t raised a dime: https://www.caracaschronicles.com/2018/02/22/petro-hasnt-raised-dime/ Telegram has raised an initial $850M for its billion-dollar ICO: https://techcrunch.com/2018/02/16/telegram-ico-850-million/ Telegram ICO: Scam Among Cryptocurrency Scams: https://www.forbes.com/sites/jasonbloomberg/2018/02/17/telegram-ico-scam-among-cryptocurrency-scams/#1329dbdb1cf0 At 0%, Bitcoin has a higher 2-year yield than government bonds in 16 countries...: https://twitter.com/charliebilello/status/966325031189057537 Time preference and depreciating and appreciating currencies: https://twitter.com/saifedean/status/966946413216260096, https://twitter.com/AnselLindner/status/967052904812236800 Bitcoin movements: https://twitter.com/iam_preethi/status/965459466232643584 History of Bitcoin Development Visualized: https://www.youtube.com/watch?v=DjYbsq3FXfM&feature=youtu.be History of the cypherpunk movement: https://github.com/tombusby/cypherpunk-research#technical-sources The rocket BTC chart: https://www.tradingview.com/chart/BTCUSD/eqgqZCoS-T-Minus-Soon-to-BTC-Launch-The-trajectory-to-test-ATH-by-April/

Tommy and Brady discuss bitcoin news from the past week, including Switzerland's ICO regulations, Charlie Munger's hatred of bitcoin, feeding chicks with the Lightning Network, and the latest price action. We take a look at how the bitcoin main chain works and why we need the lightning network. 1:22 - Switzerland ICO guidelines 3:33 - Bitcoin mining is bullish 5:54 - Elaine Ou (@eiaine) made a Lightningified chick feed vending machine 7:22 - BTC price (Tommy makes fun of Brady for putting rocket emojis on his trading charts) 10:53 - Bitcoin dinosaurs 19:43 - How Bitcoin and Lightning Network Work - The Basics Links from the show below. Newish to Bitcoin? Confused? Overwhelmed? We feel you. Follow us on YouTube, Medium and here for useful breakdowns of news, the social & economic implications of bitcoin and easy to follow howtos. We're just making the leap from learn to teach, your early support is huge. 🌍🌎🌏 @Pomp on Switzerland ICO regs: https://twitter.com/APompliano/status... @CitizenBitcoin mining bullish: https://twitter.com/CitizenBitcoin/st... @eiaine feeding chicks with Lightning Network: https://twitter.com/eiaine/status/965... Bitcoin rocket trajectory chart: https://www.tradingview.com/chart/BTC... Cup and Handle formation: https://www.investopedia.com/terms/c/... Charlie Munger meme: https://twitter.com/coinsiglieri/stat... Bitcoin dinosaur meme: https://libertyblitzkrieg.com/wp-cont... Nakamoto Institute bitcoin skeptics page: http://nakamotoinstitute.org/the-skep... BBC bitcoin explainer: https://twitter.com/Xentagz/status/96... Lightning Network enables Unicast Transactions in Bitcoin. Lightning is Bitcoin’s TCP/IP stack: https://medium.com/@melik_87377/light... @ArminVanBitcoin Lightning Network visualization: https://twitter.com/ArminVanBitcoin/s... Citizen Bitcoin Twitter: https://twitter.com/citizenbitcoin Medium: http://citizenbitcoin.world YouTube: https://www.youtube.com/channel/UCi_fqW5K7-eLUXcLU-dR3eQ