What the hell is everyone squealing about regarding this “critical flaw” and “confirmed double spend” on the Bitcoin network? Is this another 2013 bug, or a giant nothing burger? Guy dives into it on today’s episode and then gets into the follow-up to Wittgenstein’s Money, the amazing piece by Allen Farrington that we covered in the previous episode on the show. What is value, what is money, & what would it seem like if it did seem like a money was emerging from zero?
Don’t miss today’s Guy’s Take episode! Other great must watch/listen pieces discussed in this episode:
How I made a Toaster from Scratch
https://www.youtube.com/watch?v=5ODzO7Lz_pw
I, Pencil
https://bitcoinaudible.com/?p=1668

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Guy’s Take #40 - Double Spends & Wittgenstein’s Money

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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"I'm a Bitcoin skeptic. I'm not buying Bitcoin in 2024, even if it goes back to its recent all-time highs, or higher. Here's why."
~ Ben Gran


Ben breaks down his view of Bitcoin and why he cannot see or understand any reason it would go higher. Why he doesn't invest in things that don't produce anything, because this is antithetical to investment. Why he doesn't see how something that has no purpose could possibly continue increasing in value. And how something that people claim will be the most valuable asset in the world, will also be the dominant money, because (obviously) these two ideas are contradictory. It's important to refresh our understanding of the typical person's perspective of Bitcoin, in order to be able to relate to, and hopefully explain where their thinking is wrong. So that is what I hope to do in today's episode, reading "Why I'm Still Not Buying Bitcoin in 2024" from the Motley Fool...


Check out the original article at Why I'm (Still) Not Buying Bitcoin in 2024. (Link: https://tinyurl.com/5xnxbe5x)


Links to check out

  Book "When Money Dies" by Adam Ferguson for a historical perspective on economic collapses. (Link: https://a.co/d/8E8AVpZ)



Guest Links

 Ben Gran on X (Link: https://twitter.com/kcryptoinvest)
  Ben Gran Website (Link: https://www.asx.capital/)



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)



“I believe that a scientist looking at nonscientific problems is just as dumb as the next guy — and when he talks about a nonscientific matter, he will sound as naive as anyone untrained in the matter.”
~ Richard Feynman 

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Read_816 - Why I'm Still Not Buying Bitcoin

"If you care about your...country, read Ludwig von Mises and the six lessons of the Austrian economic school."
~ Renato Moicano


With a surge in interest thanks the UFC fighter Renato Moicano, Mises's Six Lessons is suddenly in the popular lexicon. After knocking out his opponent he took to the mic to share his love of freedom, and the critical importance in understanding Austrian economics. Is the tide of freedom and the culture of common sense turning? And what are Mises's six lessons, and what can they teach us? All this and more in today's episode with a read from Jonathan Newman at the Mises Institute.


Check out the original article at What are Mises’s Six Lessons? (Link: https://tinyurl.com/3bkpvxub)


Link to check out

 Chat_090 - The Danger of Being Right Too Early with Devon Eriksen (Link: https://tinyurl.com/57akzped)



Guest Links

 Renato Moicano on X (Link: https://tinyurl.com/mt9wweyh)
 Renato Moicano Website (Link: https://moneymoicano.com/)



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)



“He who is unfit to serve his fellow citizens wants to rule them.”  
~ Ludwig Von Mises

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Read_815 - What are Mises’s Six Lessons

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)
  Swan: The best way to buy, learn, and earn #Bitcoin (Link: https://swanbitcoin.com)


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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 on X⁠ (Link: https://tinyurl.com/3c87c2tt)
 ⁠Emile Phaneuf on AIER⁠ (Link: https://tinyurl.com/4w9b5an9)
  ⁠Emilie Phaneuf Website⁠ (Link: emilephaneuf.com)



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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Guy’s Take #40 - Double Spends & Wittgenstein’s Money

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