Bitcoin Audible

Can you really own Bitcoins? Or do you merely have possession of keys that grant a high probability of exclusive control? A fun short read to close out the week, from the Bitcoin Rabbi on defining what it means to own or possess bitcoin. Check out the original article below on medium and drop some applause, and follow The Bitcoin Rabbi on Twitter! https://medium.com/@thebitcoinrabbi/of-course-you-can-own-bitcoins-dedcfc0c2e49 --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

"For the better part of the last decade, the combination of these two practices has given rise to an increasing number of SIM swap attacks ending in the theft of bitcoin and other cryptocurrencies." - David Hollerith Another piece from BitcoinMagazine.com, this one by author and podcast host David Hollerith, that breaks down the risks and details of SIM swap attacks and how you may be vulnerable to losing your bitcoins, simply by revealing your phone number.  Don't miss this piece detailing out the attack, and listing out the Do's and Don'ts of Bitcoin security. Check out the original plus a ton of other great recent articles over at BitocinMagazine.com: https://bitcoinmagazine.com/articles/the-rise-of-sim-swapping-how-and-why-bitcoiners-need-to-protect-themselves Also recommended is Michael Perklin's article to go along with this one: https://bitcoinmagazine.com/articles/keep-your-bitcoin-safe-by-making-security-a-habit I also mentioned Jameson Lopp's extreme testing of the bitcoin steel wallets, a great read below: Part 1: https://blog.lopp.net/metal-bitcoin-seed-storage-stress-test/ Part 2: https://blog.lopp.net/metal-bitcoin-seed-storage-stress-test--part-ii-/ And don't forget to subscribe and share this show with everyone you know in Bitcoin. If you would like to join the Telegram group, become a patron below! www.patreon.com/thecryptoconomy Lastly, a big thank you to Dave, Bitcoin Magazine, and the LTBNetwork for the incredible work and spreading the show! --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

"we have nearly 11 years of empirical evidence that the network itself has been holding and transacting bitcoin, but instead of with private key signatures, it’s in exchange for hashed electricity."  - Phil Geiger Framing the scarcity of Bitcoin at first seems obvious, but with a closer look, is far more difficult than it would seem. Does the supply actually inflate at all? Does the market price in all future halvings? Do the Bitcoin exist when they are mined, or do they exist today, sold to the miners in exchange for hashes?  Phil presents a very interesting perspective and way of framing the supply of Bitcoin, in this great piece from the Unchained Capital Blog. Check out the original below, and don't forget to follow Phil on Twitter: https://unchained-capital.com/blog/all-21-million-bitcoin-already-exist/ Support the audio for all things Bitcoin by becoming a patron below! patreon.com/thecryptoconomy --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

An exciting development form the extraordinary team over at Zap and the Mallers Fam! The seed of the infrastructure inversion has landed, and its' called Strike! Don't miss the details on this incredible development and join the beta if you want to test out and provide feedback for this product over at strike.zaphq.io. This is a project to keep a very close eye on. Follow @jackmallers on Twitter so you don't miss the revolution ;) Drop some hella applause on the article below: https://medium.com/@JimmyMow/announcing-strike-by-zap-4f578c7c8984 --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

"What’s noteworthy about this point is that, upon this particular halving, Bitcoin “inflating” at a roughly 1.8 percent rate annually will nominally — and by then, quite possibly in real terms — be “inflating” at a rate lower than both the Federal Reserve target of 2 percent per year and current, CPI-based estimates of real U.S. inflation of 1.9 percent annually."  - Peter C Earle Another great piece from Bitcoin Magazine written by Peter C. Earle, detailing the reasons why this next halving will make Bitcoin a true contender in the world of monetary policy. In a very short span, Bitcoin will become the most scarce & strictly defined financial asset on Earth... are you ready? Check out the original article and follow Peter at the links below: https://bitcoinmagazine.com/articles/the-kindest-cut-why-the-2020-bitcoin-halvening-is-the-most-important-yet https://twitter.com/L1KNB Other episodes & links to dive deeper into the discussion from the show: • Stop Calling Bitcoin Deflationary [Conner Brown] https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_314---Stop-Calling-Bitcoin-Deflationary-Conner-Brown-e8p1o3 • Bitcoin Obsoletes All Other Money [Parker Lewis] https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_345---Bitcoin-Obsoletes-All-Other-Money--Parker-Lewis-eahce1 • Efficient Markets & Bitcoin's Stock-to-Flow [PlanB] https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_344---Efficient-Markets--Bitcoins-Stock-to-Flow-PlanB-eaco0i • Guy's Take 26 - The Halving Is Not Priced In https://anchor.fm/thecryptoconomy/episodes/GuysTake_026---The-Halving-is-Not-Priced-in--Heres-Why-eagkrd • Article - The Illusions of Hedonics [Antony P. Mueller] https://mises.org/library/illusions-hedonics --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

"Money is an intersubjective problem, and a choice to opt into one monetary medium is an explicit opt out of the other, which in turn causes one network to gain value (and utility) at the direct expense of another." - Parker Lewis Skipping around a little bit in the "Gradually, Then Suddenly" series, we read the most recent (#12) published on the Unchained Capital Blog. No, Bitcoin isn't a startup. No, there will not be many currencies. No, you can't create an alternative that doesn't compete with Bitcoin's monetary properties. The very problem of money is one of intersubjectivity, which can only be solved through convergence on a single monetary medium. Bitcoin. Listen to this excellent installment from Parker Lewis and the Unchained Team. "Bitcoin Obsoletes All Other Money." https://unchained-capital.com/blog/bitcoin-obsoletes-all-other-money/ To check out the rest of the audio collection for the Unchained Blog, check out the site: https://thecryptoconomy.com/collections-new/ Also mentioned on the show was Nick Szabo's excellent piece, "Money, Blockchains, & Social Scalability." https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_066---Money--Blockchains--and-Social-Scalability-e2ndsj --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

As a follow up to Nic Carter's excellent breakdown of the efficient market hypothesis, and PlanB's piece addressing the market's evaluation of the risks in Bitcoin, I go through the reasons I feel the market both is very unwilling and unconfident about the consequences of the halving, and therefore sees it not as "known information," but more a blind gamble. For diving deeper into the many topics and works that I brought up, here are the links of all those I remembered: • Nic Carter's "Introduction to the Efficient Market Hypothesis" https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_343---Introduction-to-the-Efficient-Market-Hypothesis-for-Bitcoiners-Nic-Carter-eac03b • PlanB's "Efficient Markets and Bitcoin's Stock-to-Flow" https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_344---Efficient-Markets--Bitcoins-Stock-to-Flow-PlanB-eaco0i • Hayek's "Use of Knowledge in Society" [Part 1 & 2] https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_250---Use-of-Knowledge-in-Society-Part-1---F--A--Hayek-e43pfj https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_251---Use-of-Knowledge-in-Society-Part-2---F--A--Hayek-e444k0 • Parker Lewis's "Bitcoin is Not Backed by Nothing" https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_335---Bitcoin-is-Not-Backed-by-Nothing-Parker-Lewis-e9v1rs • Hoppe's "Yield From Money Held Reconsidered" https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_122---The-Yield-From-Money-Held-Reconsidered-e2ndqn • Conner Brown's "Bitcoin Has No Intrinsic Value, & That's Great!" https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_249---Bitcoin-Has-No-Intrinsic-Value---Thats-Great--Conner-Brown-e43bcm Don't forget to grab your tickets to BitBlockBoom and use the offer code CC for a 30% discount! https://bitblockboom.com/ --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

"A first reaction could be that it is a great investment opportunity. A better reaction (from an EMH and non arbitrage point of view) would be that it is too good to be true." - PlanB If the efficient market hypothesis requires that known events be priced in, then how could the S2F be a model for Bitcoin's price? When such an obvious and unchanging piece of information is available, shouldn't the market price it in? Continuing with the foundation laid from yesterday's article, we read Plan B's piece on what a risk & return model might tell us about the market's pricing of Bitcoin ahead of the halving. Drop some applause on the original article at the link below and don't forget to follow @100TrillionUSD (PlanB) if you haven't already! https://medium.com/@100trillionUSD/efficient-market-hypothesis-and-bitcoin-stock-to-flow-model-db17f40e6107 --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

"So is the halving “priced in” or will it be a catalyst for appreciation? [...] I consider it patently absurd that a change in issuance would have been overlooked by the price-setting entities."  - Nic Carter You are definitely gonna want to hear Nic's incredibly thorough argument as to why in this article! Breaking down the EMH, its origins, the many different iterations of the concept, & how best to frame it in the context of a real world market; Nic gives us another excellent work that is a must listen for all Bitcoiners. Don't forget to drop some applause on the original article below, and follow Nic on Twitter! https://medium.com/@nic__carter/an-introduction-to-the-efficient-market-hypothesis-for-bitcoiners-ed7e90be7c0d --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

"Because of their digital nature, many people still object to bitcoin, refuse to take it seriously or consider it altogether too scary. [...] It’s the perfect combination of the advantages from the analog as well as the digital world." - Pascal Hugli Don't miss another great article from Bitcoin Magazine on the incredible change that the digital world is unleashing on our society and where we may find a drop of truth in an ocean of uncertainty. Check out the full article plus tons of other great reads at the links below. https://bitcoinmagazine.com/articles/bitcoin-and-the-primacy-of-the-digital-world Don't forget to follow the author and BitcoinMagazine on Twitter for the very best bitcoin content! https://twitter.com/pahueg https://twitter.com/BitcoinMagazine A special thanks to both the LTB Network for sharing this out among some of the best podcasts in the space & of course my lovely patrons who support turning all of the best works in Bitcoin into the audio versions they deserve! www.patreon.com/thecryptoconomy --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message