"The obsession with consumer payments in the Bitcoin community is an unfortunate relic of the fiat money era. Generations that have only known monetary hot potatoes that need to be spent before they devalue have come to view life as a quest of mass consumption." — Saifedean Ammous

Today we hit an historical piece from the one and only Saifedean on the economics of Bitcoin for global settlement. While so many fail to recognize the deeper value of money, rather than the shallow service of payments, Saif breaks down the fundamental value of Bitcoin's incredible settlement assurances, and the economics that will dominate the system's use in the future. A classic from the Nakamoto Institute.

PS. Yes, I know I skipped a number so we are fixing that today. XD

Heck out the original article plus the incredible list of phenomenal knowledge available at the Nakamoto Institute: https://nakamotoinstitute.org/mempool/economics-of-bitcoin-as-a-settlement-network/?ref=teachingbtc.com
Anil's reads list: Essential Bitcoin Essays: A Reading List


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"Nowadays people know the price of everything and the value of nothing."  — Oscar Wilde

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Read_749 - Economics of Bitcoin as a Settlement Network [Saifedean]

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, & technological primitives. Reading and distilling thousands of hours of others' works on Bitcoin, Guy explains everything you need to know.

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People look around and they see a wasteful world. They see endless, mindless consumption. Increasingly, we see people fearing the future rather than hoping for it.
I'm going to make the case today that in order to realign this, money must be the most valuable good in society. And necessarily, it must be the hardest thing to produce and that we actually can know this because of where the value of money comes from and what the money is in relation to the society that uses it. I want you to come away from the end of this episode realizing that not only is it aligned to have a sound money that grows in value, but it is necessary for us to value the future of our society in the first place. So we're going to take this show to go back to our Fiat World Series with Fiat Waste. It's time for a Guy's Take episode.
Links to check out

The Selfish Gene by Richard Dawkins (Link:https://tinyurl.com/bdzy7bfz)
The Deflation Boogie Man (Link:https://tinyurl.com/4t2d5kj5)
Guy’s Take_082 – Fiat Replacement Theory (Link: https://fountain.fm/episode/YXHrvdYuGct6zmpfGZkF)

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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)
The Guy Swann Network Broadcast Room on Keet (Link: https://tinyurl.com/3na6v839)

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"By replacing fear of the unknown with curiosity we open ourselves up to an infinite stream of possibility. We can let fear rule our lives or we can become childlike with curiosity, pushing our boundaries, leaping out of our comfort zones, and accepting what life puts before us."- Alan Watts

Guy's Take_086 - Fiat Waste

Ideas and ways of thinking are much like paths in the wood. When we explore them often they are well worn and clearly defined. But often we get lost exploring other ideas or focused on something we hope to see in the future, and even the paths we know well get ignored, and the brush starts to creep back in. The noise of the world begins to obscure what was once an obvious truth. This is why its good to refresh important ideas from time to time. To walk those paths again, to remind ourselves of the perspectives that got us here.
Today we dive into a reboot of a very important idea in grasping why Bitcoin works, and how it emerges from the individual enforcement of the Bitcoin rules, and how utterly revolutionary this seemingly simple concept really is. If you haven't heard it, today's episode will fix that terrible tragedy for you. So hit play and enjoy.
Check out the original article at Bitcoin Miners Beware: Invalid Blocks Need Not Apply. (Link: https://tinyurl.com/3aejkjam)
Guest Links

Stop And Decrypt on X⁠ (Link: https://twitter.com/StopAndDecrypt)

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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)
The Guy Swann Network Broadcast Room on Keet (Link: https://tinyurl.com/3na6v839)

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 "Run a Bitcoin node, and use it."~ Guy Swann

Reboot - Invalid Blocks Need Not Apply

"I believe that hole punch stack can be a really good alternative to static IPs. That way, for example, you want to access your camera from anywhere, you don't really need a static IP. You don't need to pay for that. You don't need to take all those security risks. All you need to do is boot up Holesail or a similar service built on Holepunch to connect peer to peer directly to your computer only to that specific port. That's it. You are connected to it. There are no middle men. And nothing is exposed to the public."




In this episode, Guy Swann interviews Suryaansh Singh AKA Supersu about the transformative potential of peer-to-peer technology in reshaping how we connect and interact online, and how they are working to build towards this with Holesail. They delve into the challenges and innovations in deploying decentralized systems that enhance security and user control, discussing how such technologies can fundamentally alter the internet landscape towards a more user-empowered framework. How can peer-to-peer technology reconfigure our digital interactions and what are the broader implications for internet privacy and connectivity?




Guest Links 

Supersu on Github (Link: https://github.com/supersuryaansh)
Holesail Website (Link: https://holesail.io/)
Holesail Discord (Link:https://discord.gg/ShabRe9sVr)
Holesail on LinkedIn (Link: https://www.linkedin.com/company/holesail/)

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⁠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)
The Guy Swann Network Broadcast Room on Keet (Link: https://tinyurl.com/3na6v839)

Check out our awesome sponsors!

Get ⁠10% off the COLDCARD⁠ with code BITCOINAUDIBLE ⁠⁠⁠⁠⁠⁠(Link: bitcoinaudible.com/coldcard⁠⁠⁠⁠⁠⁠)
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"To have faith is to trust yourself to the water. When you swim you don't grab hold of the water, because if you do you will sink and drown. Instead you relax, and float."~ Alan Wilson Watts

TPR_002 - From Local to Global with Holesail

"This capability ensures that participants can trust the system's integrity without the need for mutual trust among users. It fundamentally alters how trust is brokered globally, extending the reach of reliable transactions beyond traditional, geographic, and institutional boundaries."~ Adolfo Contreras
In this episode of Bitcoin Audible, Guy Swann delves into an insightful article from Blockstream titled "Scaling Trust: Bitcoin's Role in Bridging the Global Digital Divide" by Adolfo Contreras. How does Bitcoin redefine trust in a globalized digital world, and what potential does it hold for transforming financial systems, especially in developing countries? Join Guy as he explores the fundamental elements of trust, the evolution of financial institutions, and the revolutionary impact of blockchain technology.Check out the original article at Scaling Trust: Bitcoin’s Role in Bridging the Global Digital Divide (Link: https://tinyurl.com/333rzvkj)
Links to check out  

Layered Money: From Gold and Dollars to Bitcoin and Central Bank Digital Currencies by Nik Bhatia (Link: https://tinyurl.com/5n6kxyze)

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)
The Guy Swann Network Broadcast Room on Keet (Link: https://tinyurl.com/3na6v839)

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)

"To have faith is to trust yourself to the water. When you swim you don't grab hold of the water, because if you do you will sink and drown. Instead you relax, and float."~ Alan Wilson Watts

Read_823 - Scaling Trust

Apologies for the repost, had some technical difficulties migrating the podcast to a new host.
"It is like exercising a veto you hold for anything and everything, and yes, vetoes are important in consensus systems. But disrupting conversation is not the veto, the actions of actual transacting economic actors deciding what software to run or not run is the veto. This denial of service on dialogue is not some noble or righteous crusade to save Bitcoin, it is an active attack on those economic actors and their ability to gain a better understanding to make an informed decision on whether to veto something or not."~ Shinobi
Today we dive into the contentious arena of Bitcoin consensus and the dialogue around it. Reading an insightful piece by Shinobi from Bitcoin Magazine, we explore the alarming trend of "denial of service attacks" on meaningful discussion within the Bitcoin community. Is this a calculated attack to silence new ideas, a necessary friction to maintain the integrity of Bitcoin's foundational principles, or is it an unavoidable consequence of Bitcoin's success? Listen as Guy offers his insights and invites you to judge the merit of open dialogue in the face of technological conservatism.
Check out the original article at A Denial of Service Attack on Bitcoin Consensus. (Link: https://tinyurl.com/32urf3bv)
Links to check out

What is money??? Guy Swann and the Give-A-Shit Matrix (Link: https://tinyurl.com/yxjba3bp)

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)
The Guy Swann Network Broadcast Room on Keet (Link: https://tinyurl.com/3na6v839)

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)

“You don’t win a debate by suppressing discussion; you win it with a better argument.”~ Frank Sonnenberg

Read_749 - Economics of Bitcoin as a Settlement Network [Saifedean]

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