"The World is in Denial" - Preston Pysh

Preston Pysh joins Bitcoin Audible to talk the horrible macro environment, the unraveling of the financial markets, the enormous risk of inflation, & how the maturation of Bitcoin could turn everything upside down. The establishment of real market interest rates & liquid futures markets within the Bitcoin ecosystem isn't merely a sign of growth, it's a fundamentally important step toward a robust, global financial system built atop Bitcoin as the new monetary base.

Don't miss today's excellent interview with the host of the most downloaded investor's podcast, "We Study Billionaires" and founder of the "Investors Podcast Network," Preston Pysh.

Check out Preston Pysh on Twitter and his amazing podcasts at the links below:
https://twitter.com/PrestonPysh
https://www.theinvestorspodcast.com/

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Chat #58 - Preston Pysh on Monetary Revolutions

The Best in Bitcoin made Audible.
Guy Swann makes the knowledge of Bitcoin, the world's most secure, independent money, accessible to everyone. Exploring Bitcoin from an investment perspective, economic analysis, its philosophical foundations, &amp; technological primitives. Reading and distilling thousands of hours of others' works on Bitcoin, Guy explains everything you need to know.

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Many people make the serious miscalculation, that if the CPI isn't too high, then printing money isn't a problem and doesn't really cost them anything. This couldn't be further from the truth. All it means is that the cost is just that much harder to see. But if you want to look at something that is truly dominated by the fiat culture and incentives of the money, there is no better example, than finance. This is where the money printing begins, and so all of the disastrous effects of monetary inflation and fiat, occur first, and to the greatest degree, in the financial sector. So take a dive, into fiat finance. Its time for a guy's take episode...


Links to check out 

 AI Unchained Podcast: Another podcast by Guy Swan. (Link: https://tinyurl.com/fjt7satz) 
 Devs Who Can't code: You don't need to be a coding wizard to build apps (Link: https://tinyurl.com/35rsnm7j)
  Bit Block Boom Talk: Guy Swan's speech on the consequences of fiat money [7:27:22 - 8:04:22] (Link: https://tinyurl.com/29pvevc7)
  Alan Farrington’s Article: "Only the Strong Survive" (Link: https://tinyurl.com/krzbu87p)
  Alan Farrington’s Article: "Green Eggs and Ham" (Link: https://tinyurl.com/yne2az8y) 



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)



Check out our awesome sponsors!

  Get 10% off the COLDCARD with code BITCOINAUDIBLE ⁠⁠⁠⁠⁠⁠(Link: bitcoinaudible.com/coldcard⁠⁠⁠⁠⁠⁠)
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Guy's Take_084 - Fiat Finance

"That dogma was necessary — without it the people who have built this ecosystem into what it is today wouldn’t have had the motivation to do so. Without that dogma, those people would not have had customers and users to build anything for in the first place. It was the foundation of everything we have around us today.
Now the inevitable is happening: the foundation is cracking."
~ Shinobi


Guy Swan delves into an article by Shinobi from Bitcoin Magazine, exploring the complexities of ideological dogmas within the Bitcoin community. The episode questions the sustainability of foundational beliefs that have driven the cryptocurrency's ecosystem thus far. What happens when the dogmatic pillars that supported the growth of Bitcoin begin to crumble? Tune in as Guy Swan offers a deep dive into these evolving controversies, providing insights that challenge the conventional wisdom of Bitcoin's invulnerability to ideological shifts.

Check out the original article at Dogma Kills Brain Cells. (Link: https://tinyurl.com/3ma2pu56)


References from the show 

 Devs Who Can't Code #1 (Link: https://tinyurl.com/35rsnm7j)
 Devs Who Can't Code #2 (Link: https://tinyurl.com/25juuzbt)
 Read_783 - Ordinals Are Fiat, Inscriptions Aren't Rare (Link: https://tinyurl.com/yu8aurbw) 
 Guy's Take #66 - Pooping in the Park (Link: https://tinyurl.com/38xkkfrs)



Guest Links

  Brian Trollz on X (Link: https://twitter.com/Brian_trollz)
  Brian Trollz on Bitcoin Magazine (Link: https://tinyurl.com/bded6sw8)



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)



Check out our awesome sponsors!

  Get 10% off the COLDCARD with code BITCOINAUDIBLE ⁠⁠⁠⁠⁠⁠(Link: bitcoinaudible.com/coldcard⁠⁠⁠⁠⁠⁠)
  Swan: The best way to buy, learn, and earn #Bitcoin (Link: https://swanbitcoin.com)



"Why do you want to kill me? [Joker Laughs] I don't want to kill you! God what would I do without you? Go back to ripping off mobsters? No. You. You... complete... me."
~ The Dark Knight

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Read_814 - Dogma Kills Brain Cells

"On the face of it, Bitcoin’s existence seems to violate Mises’s theorem, unless a preceding non-monetary use can be demonstrated. That is, Bitcoin would have to be first valued for its direct utility before it could hold indirect exchange value. So have the criteria been met, or does Bitcoin violate the theorem?" - Emile Phaneuf


You've inevitably come across the argument that Bitcoin violates Mises's Regression Theorem if you've been in bitcoin long enough, but is this really true? And with the obvious and undeniable emergence of Bitcoin, what can this tell us about Mises's observation, and how it applies with the dynamics of the digital age?"


Check out the original article at: Mises’s Regression Theorem, Bitcoin, and Subjective Value Theory | AIER (Link: https://tinyurl.com/49udz4pp)


Guest Links

 Emile Phaneuf III | AIER (Link: https://tinyurl.com/2ysdwxd4)



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)



Check out our awesome sponsors!

  Get 10% off the COLDCARD with code BITCOINAUDIBLE ⁠⁠⁠⁠⁠⁠(Link: bitcoinaudible.com/coldcard⁠⁠⁠⁠⁠⁠)
  Swan: The best way to buy, learn, and earn #Bitcoin (Link: https://swanbitcoin.com)



“All rational action is in the first place individual action. Only the individual thinks. Only the individual reasons. Only the individual acts.”
~ Ludwig von Mises

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Read_813 - Mises's Regression Theorem, Bitcoin, and Subjective Value

"Hedgehog uses relative time locks. So that if they don't have to worry about closing that channel with a relative time lock, it's whenever you do close the channel, now you've got 2016 blocks to sweep the money using the pre-image. Otherwise I can sweep it after those 2016 blocks go by... And because it only uses relative time locks, it's much more delay tolerant... In the Lightning Network today, you've got hours to settle these things. And often if someone sends a zap to somebody and then they turn off their computer or turn off their phone and go to the supermarket or whatever, they come back and their channel's been forced closed because it's not very delay tolerant. It only gives you hours. But the Hedgehog Network can give you months."
~ Super Testnet


In this episode, I dive into the challenging yet fascinating topic of offline payments with my guest, Super Testnet. Super Testnet, a seasoned independent freelance software developer, shares his latest venture into solving some of the Lightning Network's most persistent challenges through a new protocol called Hedgehog. We discuss the technical nitty-gritty of Lightning transactions, the innovative approach of revocable scripts, and how Hedgehog might just change the game for Lightning Network payments.
The conversation covers the mechanics of the Lightning Network, the complexities of conducting seamless transactions without both parties being continuously online, and the promising solutions Hedgehog proposes. Additionally, we touch upon BitVM, delving into its development, functionality, and potential impact on the broader Bitcoin ecosystem.
If you are interested in understanding the technical foundations of Bitcoin's second-layer solutions and the cutting-edge developments aimed at refining digital transactions for enhanced efficiency, security, and ease of use, then this one's for you.


Guest Links

 Super Testnet on X (Link: https://twitter.com/super_testnet)
 Super Testnet on Nostr (Link: https://tinyurl.com/3454693p)



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)



Check out our awesome sponsors!

  Get 10% off the COLDCARD with code BITCOINAUDIBLE ⁠⁠⁠⁠⁠⁠(Link: bitcoinaudible.com/coldcard⁠⁠⁠⁠⁠⁠)
  Swan: The best way to buy, learn, and earn #Bitcoin (Link: https://swanbitcoin.com)


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Chat_097 - Lightning Offline with Super Testnet

"It's going up forever, Laura."
~ Michael Saylor


I know to many people that sounds crazy, and I can still see in my mind why it sounds crazy. Today, I'm going to make the argument for why it isn't crazy, but both natural and intuitive. Also, why it *doesn't* mean what you are probably picturing in your head. I'm going to make the case today, and I hope that you walk away realizing that this isn't unrealistic at all, but is the way it's *supposed to work,* that Bitcoin is, in fact, going up forever, Laura.


Links to check out

 Fountain App (Link: https://www.fountain.fm/)


 Mises Caucus (Link: https://lpmisescaucus.com/)


  TAPSIGNER (Link: https://tapsigner.com/)


  Bitcoin Canon (Link: https://www.swanbitcoin.com/canon/) 



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)



Check out our awesome sponsors!

  Get 10% off the COLDCARD with code BITCOINAUDIBLE ⁠⁠⁠⁠⁠⁠(Link: bitcoinaudible.com/coldcard⁠⁠⁠⁠⁠⁠)
  Swan: The best way to buy, learn, and earn #Bitcoin (Link: https://swanbitcoin.com)



"It's the questions we can't answer that teach us the most. They teach us how to think. If you give a man an answer, all he gains is a little fact. But give him a question and he'll look for his own answers."
~ Patrick Rothfuss, The Wise Man's Fear

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Chat #58 - Preston Pysh on Monetary Revolutions

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