Bitcoin Audible

We start today's show reading a short Twitter thread by @simonlutz21 which sparks a fun discussion about the presence of Proof-of-Work in nature, the awesome utility of immutability, and the power of Bitcoin's inalterable ledger.   Like the original thread by Simon by following the link below: https://twitter.com/simonlutz21/status/1145009553874010112 Don't forget to check out the presentation by Andreas on "immutability and proof of work": https://www.youtube.com/watch?v=rsLrJp6cLf4 And if you would like to support the show, become a patron! https://www.patreon.com/thecryptoconomy --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

There were many precursors to the Bitcoin system, but IMO, none came as close to correctly defining the problem, & solving the key issues of trust as Nick Szabo's Bit Gold concept.  Reading another great piece made available by the Nakamoto Institute, we read and discuss the incredible prescience of Szabo through one of Bitcoin's forefathers, Bit Gold. Check out the amazing collection of literature at the Nakamoto Institute and see the original piece at the link below: https://nakamotoinstitute.org/bit-gold/ Other great work from Nick Szabo includes the #1 must read of anyone who wants to understand Bitcoin, "Shelling Out, The Origins of Money" https://anchor.fm/thecryptoconomy/episodes/Shelling-Out---The-Origins-of-Money-e2ndom Securing Property with Owner Authority: https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_118---Securing-Property-with-Owner-Authority-e2ndqs Another I forgot to mention that pairs well with today's episode, "Formalizing Network Realtionships" https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_214---Szabos-Formalizing--Securing-Network-Relationships-Part-1-e3953d And Lastly @Hasufl and @zhusu's piece "Bitcoin and the promise of Independent Property Rights" https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_225---Bitcoin--the-Promise-of-Independent-Property-Rights-e3j6b8 Don't forget to download and check out the eToro Bitcoin exchange and app at the link below: http://go.thoughtleaders.io/1195720190725 --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

What if we already had a solution to one of the biggest threats to the Bitcoin network, but simply weren't implementing it?  Today we read another great piece by @stopanddecrypt breaking down the numerous vulnerabilities of centralized mining pools, that simply wouldn't exist, with the implementation of a @TheBlueMatt's new hashing protocol, #BetterHash. Drop some applause on the original article & check out the library of work on StopAndDecrypt's Medium page: https://medium.com/hackernoon/betterhash-decentralizing-bitcoin-mining-with-new-hashing-protocols-291de178e3e0 https://medium.com/@StopAndDecrypt Other resources & media mentioned on the show: https://bitflash.club/ https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_091---BetterHash-Aims-to-Increase-Bitcoin-Mining-Decentralization-e2ndro https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_077---Ethereum-Blockchain-Exceeds-1TB-e2nds8 Support my work and join the official #CryptoconomyCrew telegram group by becoming a patron: https://www.patreon.com/thecryptoconomy --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

What if there was a single, fundamental flaw in Keynesian economic theory that could shed light on the major imbalances and debts that have resulted from our monetary system? Does "spending" and consumption of resources truly make us wealthier? Ben Kaufman lays out the argument for how "Time" is the missing piece in the failed Keynesian puzzle. Drop some applause on the original article at the link below, and don't forget to check out and follow Ben for his future work: https://medium.com/@ben_kaufman/keynesian-errors-on-time-and-demand-80eeae2c7110 https://twitter.com/_benkaufman I also mentioned in the show a comic book that excellently explains the process of economic growth, spending, and savings. If you haven't read it, its not to be missed: http://themisescircle.org/blog/2012/11/06/how-an-economy-grows-and-why-it-doesnt/ Another big thanks to our sponsor eToro! Setup your account and start using their platform in just a few minutes at the link below: http://go.thoughtleaders.io/1195620190723  --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

From Bitcoin Magazine, today we read Aaron's piece on the recently conceptualized "Statechains" from the mind of Ruben Somsen. An entirely different way to think of exchanging Bitcoin, by handing keys to the receiver, rather than sending coins.  Don't miss the read & a really fun discussion about the tech to follow. Check out BitcoinMagazine.com for the full article and the best place for Bitcoin news and information! Dropping a link to Aaron's main page because he has a number of recent articles that are also wonderful (specifically recommend "The 'Noinput Class'") https://bitcoinmagazine.com/articles/statechains-sending-keys-not-coins-to-scale-bitcoin-off-chain https://bitcoinmagazine.com/authors/aaron-van-wirdum https://twitter.com/AaronvanW If you enjoy this show and would like to support my work, become a Patron! https://www.patreon.com/thecryptoconomy --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

The Lightning Network does, in fact, have scaling problems of its own. When the network grows to millions of channels we obviously won't be able to run it on a Raspberry Pi.  Don’t tell Rusty Russell or Joe Netti that, because they'll just build their own network and do it.  Another major milestone in Lightning development, the release of the Million Channels Project! Today we are reading & discussing, from the Blockstream blog, “Letting a Million Channels Bloom.” Check out the official post for the network data, charts and optimization benchmarks. Follow the blog and developers involved to stay up on the incredible work they are doing to bring Lightning to the world. https://medium.com/blockstream/letting-a-million-channels-bloom-985bdb28660b https://twitter.com/rusty_twit https://twitter.com/JoeNetti Lastly a huge thanks to our new sponsor, eToro! Don't forget to check out the exchange and let me know if you went long or short Bitcoin eToro -  http://go.thoughtleaders.io/1026120190630 --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

... And one of the greatest natural subsidies for renewable energy we could've asked for.   Today we hit a piece by Daniel Wingen. A thorough breakdown of the essence of mining, the necessity of its energy expenditure, the incentives for efficiency and renewable sources, and the unbelievable cost that is being rescued from wasteful alternatives. Not only is Bitcoin's energy consumption not a problem, it could be exactly what we need for a brighter future. Check out the full article and many links to other great works. A number of great charts and tables illustrating the argument to explore as well: https://medium.com/blockkeeper/bitcoins-energy-consumption-is-a-necessity-and-has-positive-impact-on-the-environment-752502288082 Don't forget to check out Daniel's other works and follow him on Twitter and Medium: https://medium.com/@danielwingen https://twitter.com/danielwingen --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

Today we read yet another great piece by @hasufl and @suzhu available on uncommoncore.co on the core value offered by Bitcoin as a system and the high level trends in macroeconomics and technology that could lead to enormous future demand for just such an asset.   A big thanks as always to the amazing work produced by Hasu and Su Zhu. You must check out their blog over at uncommoncore.co where you can find many other great works for understanding Bitcoin's nature. Below I've linked to the ones we have covered previously on this show: An Honest Account of Fiat Money: https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_197---An-Honest-Account-of-Fiat-Money-e2ndo3 Unpacking Bitcoin's Social Contract: https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_198---Unpacking-Bitcoins-Social-Contract-e2oct5 Bitcoin and the Promise of Independent Property Rights: https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_225---Bitcoin--the-Promise-of-Independent-Property-Rights-e3j6b8 Bitcoin As a Hedge Against the Cashless Society: https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_227---Bitcoin-is-a-Hedge-Against-the-Cashless-Society-e3l5ne --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

Finishing this week out with a short but wonderful introductory article by Nik Bhatia. Bitcoin is a money, a game, a land grab, works like email, and ultimately, Bitcoin is a human right. My discussion afterward may have gotten a little out of hand with a 40 minute follow-up to a 5 minute article. But when a good article sparks great ideas, sometimes its just hard to stop. ;) Today we read and discuss Nik’s excellent piece, “Bitcoin is a Human Right” https://medium.com/@timevalueofbtc/bitcoin-is-a-human-right-ff48c0b31134 Don’t forget to follow Nik Bhatia on twitter and medium and check out his other great work: https://twitter.com/timevalueofbtc Check out the other great pieces of Nik's we have covered on the show in the past: The Time Value of Bitcoin: https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_143---The-Time-Value-of-Bitcoin-e2ndq2 The Bitcoin Second Layer: https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_132---The-Bitcoin-Second-Layer-e2ndqd The Business of Bitcoin Cold Storage: https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_182---The-Business-of-Bitcoin-Cold-Storage-e2ndoj The Bitcoin Risk Spectrum: https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_109---The-Bitcoin-Risk-Spectrum-e2ndr7 --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

The Lightning protocol has made some major leaps in the last few months, and the software landscape has changed massively in the same span!  Here to talk all about the Breez lightning service that has been an absolute pleasure to play with, we have the CEO, Roy Sheinfeld, joining us on the show! If you wanted to hear how their team is creating a seamless experience in Lightning & what it will take to bring it to the everyday user, don't miss this chat! Dont' forget to follow @breez_tech on Twitter! https://twitter.com/Breez_Tech Join their telegram to talk with the community and share your ideas: https://t.me/breez_lightning Check out the website to download the app and learn more about the company: https://breez.technology/ --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message