Rabbit Hole Recap: Week of 2020.11.23
Play • 1 hr 19 min

This week Marty and Matt discuss:

- Coldcard testnet attack

- John Newbery and Mike Schmidt launch new bitcoin development initiative

- Chainalysis raising $100M at $1B valuation

- Microstrategy exploring bitcoin "data products"

- Gold funds falling while bitcoin pumps

- Bisq v1.5.0

- Bitcoin Wallet Tracker v0.2.0

- Autoloop lightning liquidity

- PTLC Proof of Concept from Suredbits

- Leo Zhang's The Intelligent Bitcoin Miner

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Bitcoin Audible (previously the cryptoconomy)
Bitcoin Audible (previously the cryptoconomy)
Guy Swann
Read_485 - Why Bitcoin Is Not a Ponzi Scheme [Lyn Alden]
“From the beginning, Bitcoin has remained an open source and fully transparent project, and has the most organic growth trajectory of the industry. Given available information, the market has priced it as it sees fit, out in the open.” - Lyn Alden Bitcoin is a Ponzi, say the detractors. Their arguments never seem anymore sophisticated, and sound increasingly desperate as Bitcoin continues to defy their view. Is there any truth to this? Well Lyn Alden decides to break it down for us, using a range from the most narrow, to the most broad view of a Ponzi, and lays out Bitcoin’s history, network effects, & open nature against it, to make the rather obvious case in hindsight, that Bitcoin, is indeed, Not a Ponzi scheme. Check out the original for a few great graphics and charts to better visualize the argument, and to support/follow the work both of LynAlden, and the excellent Swan Bitcoin blog: https://www.swanbitcoin.com/why-bitcoin-is-not-a-ponzi-scheme-point-by-point/ Support the show at GuySwann.com and start auto-buying your Bitcoin stack using the best service in the space! Get $10 FREE for signing up with my link and support the podcast at the same time: swanbitcoin.com/guy Don’t forget to explore our awesome sponsors and their products at the links below: BitBox - Minimal, user friendly, secure, Swiss made, open source, hardware wallet (guyswann.com/BitBox) LVL.co - The first Free, no-fee exchange & Bitcoin banking services! (guyswann.com/lvl) --- Send in a voice message: https://anchor.fm/thecryptoconomy/message
1 hr 5 min
The "What is Money?" Show
The "What is Money?" Show
Robert Breedlove
The Saylor Series | Episode 8 | Bitcoin and Immortal Sovereignty
Michael Saylor joins me to discuss anthropology, energy, and technology from first principles as we build the intellectual foundation necessary to truly grasp the historic significance of Bitcoin. 00:00:00 - Episode Trailer 00:01:06 - Swan Bitcoin 00:03:22 - Robert’s Intro 00:05:48 - Life converts entropy into order “A dead thing can go with the stream, only a living thing can swim against it” 00:08:17 - The first engineered monetary system 00:09:15 - Networks further the human race 00:09:59 - The highest calling of humanity is to extract order from the chaos Engineering – the honorable profession 00:11:07 - Bitcoin as a Medium of Exchange 00:11:28 - Peer to peer cash means settlement network 00:11:56 - High frequency transactions are unnecessary & irrelevant 00:13:12 - Centralized networks are best for MoE 00:14:06 - Privacy & Compliance 00:14:38 - Large transactions are more valuable 00:15:08 - High Frequency SoV, Low Frequency MoE 00:16:23 - Tax Challenges to MoE 00:17:38 - Accounting System Challenges to MoE 00:18:48 - Treasury Strategy for BTC “Put it in the vault and throw away the key” 00:19:48 - Challenges of paying employees in Bitcoin 00:22:18 - Tax treatment is controls currency selection 00:23:28 - Bitcoin not practical as currency 00:24:00 - The option to settle is more important than the action itself 00:24:33 - “An armed society is a polite society” R.A. Heinlein 00:25:35 - The ability to cash settle is the deterrent “Absolute power corrupts absolutely” 00:26:48 - The optionality keeps everyone honest in a free market 00:28:08 - “Just because you can do a thing doesn’t mean you should do a thing” -Stoics “The loudest man in the room is the weakest man in the room” – American Gangster 00:28:48 - No need to flaunt power Don’t get distracted by shiny objects. 00:29:38 - SoV is much more valuable than MoE 00:30:45 - Challenges of Privacy Coins Meyer Lansky, Pablo Escabar examples 00:31:55 - Bitcoin as a Unit of Measure 00:31:58 - Bitcoin is a universal language of economic truth 00:32:49 - Bitcoin will always be a standard unit of economic energy Bitcoin vs. Ounce of Gold 00:34:24 - Too much emphasis on MoE UoM, Not enough on SoV 00:34:48 - Non-constructive Crypto debates 00:35:17 - $300 billion Crypto Pond vs. $300 trillion Asset Ocean 00:36:48 - Crypto Market Segmentation 00:39:18 - Alt-coin experiments & DeFi 00:40:04 - Crypto Theory - Emergence of Magic in Cyberspace 00:40:23 - Crypto Networks vs. Digital Networks 00:41:14 - Crypto is for Immortal Sovereignty & Antifragility Crossing Time & Domains 00:43:18 - Limitations of Crypto Architecture 00:44:36 - “If you want to go fast, go alone. If you want to go far, go together.” 00:45:48 - Plants vs. Animals – Genetic Tradeoffs 00:46:10 - Trust in Man, Company, Government, or Crypto? 00:46:28 - Solving problems with combination of tools 00:46:58 - Crypto Network is a life form in cyberspace 00:48:38 - One shot to create new form of crypto life 00:49:38 - Genetic similarities – no recalls allowed 00:50:23 - Ethereum Challenges 00:51:32 - Competition between Crypto Assets, Applications, & Currencies 00:52:28 - Defective Genetic Mutations 00:54:48 - Bitcoin Network Dominance among Crypto Assets 00:55:14 - Challenges of Proof of Stake 00:56:02 - Stablecoins as Crypto-Currencies 00:57:48 - Regulatory Arbitrage 01:00:07 - Crypto-Applications 01:00:50 - Digital Exchanges vs. Crypto Exchanges 01:00:50 - Risk Management & Crossing the Street 01:02:18 - Digital Network Advantages when integrated with Bitcoin 01:02:48 - Essence of the Crypto Value Proposition – Longevity 01:03:48 - Powering Digital Networks with a Crypto Network 01:05:48 - Rockefeller Estate Management 20th Century Approaches to Immortal Sovereignty 01:07:48 - Bitcoin is to Banking what YouTube is to Broadcasting 01:09:08 - Bitcoin Trust Structure 01:10:58 - Hybrid Solutions with People, Digital, & Crypto Networks 01:12:28 - Cyber Guild System 01:14:08 - Domains in Perpetuity – Monuments in Cyberspace 01:14:48 - Perpetuating Values – What do you love? 01:15:58 - Endowments via Bitcoin 01:17:04 - Tragedy of the Commons -Park in the Port of Naples 01:19:33 - Casting a Magic Spell with Crypto 01:20:48 - Bitcoin can be the source of “Magic Power” 01:22:24 - Fantasy Magicians, Spells, Curses, & Limits of Power 01:22:48 - Money is Power 01:23:48 - The power & reach of John D. Rockefeller 01:26:48 - Dominant Digital Networks & Bitcoin 01:28:12 - Market Forces & Ideology will Define the Future 01:28:48 - Role of the Maximalists & Citizen Soldiers 01:30:56 - Robert's Outro 02:12:13 - End -- See My Work: https://linktr.ee/breedlove22 Contribute Bitcoin: 3D1gfxKZKMtfWaD1bkwiR6JsDzu6e9bZQ7 Stack sats: https://www.swanbitcoin.com/breedlove/ Twitter: https://twitter.com/Breedlove22
2 hr 12 min
Once BITten!
Once BITten!
Daniel Prince
@Bitcoinbeach - Want To Live In A #Bitcoin Community On A Beach? #103
$35,375 Today's guest on the show is Michael from @Bitcoinbeach in El Zonte in El Salvador. Are you sick of your temperate or political climate? Have you dreamed of living in or visiting a growing #Bitcoin community? Listen to Michael explain how this project began with a clandestine meeting and how they have been educating the local community to help them understand #Bitcoin. How many different nationalities are living at @Bitcoinbeach and are there any Britcoiners out there? Will El Salvador be one of the first countries to adopt a #Bitcoin standard? How is this project changing the shape and feel of the local community in El Zonte? Will #Bitcoin companies locate or set up field offices in EL Zonte and use @Bitcoinbeach as the perfect testing ground for new products/services for the #Bitcoin community. What is life like in El Zonte, what kind of accommodation can you find, what services are available to families and how do Michael and other families educate their kids? How did Michael fall into the rabbit hole and how did paying upwards of 30k per year in credit card fees within his business help drive his understanding of the power of #bitcoin. A huge thank you to Michael for taking the time to come on the show to talk about the @Bitcoinbeach project. I stand on the shoulders of giants, these guys are amazing. Thank you: @coinfloor @swanbitcoin for your trust and support. @adamwoodhams1 for producing the show. @jimreapermusic for creating www.once-bitten.com @hodlerthanthou and the Britcoiners @twentyoneism. Shills and Mench’s: www.coinfloor.co.uk/bitten www.swanbitcoin/bitten https://elzonteartsandlearning.org/escuela-libre-el-zonte/ https://www.amschool.edu.sv/
1 hr 14 min
The Crypto Conversation
The Crypto Conversation
Brave New Coin
Axie Infinity & the blockchain gaming play to earn revolution
Axie Infinity is a Pokémon-inspired blockchain-based digital pet universe where players can earn tokens through gaming. Players can battle, collect, breed, and build a kingdom for their pets. Like CryptoKitties, Axies are non-fungible tokens (NFTs) represented as cryptographically unique characters that can’t be replicated. And like Pokémon, they are born to battle. While Axie can be just a game, it has built a strong social network, passionate community, and emerging jobs platform due to the play to earn opportunities it is generating. Guest: Jeff Zirlin Why you should listen: Jeff grew up playing games like Neopets, Pokémon, and World of Warcraft. “I played so much WOW that my parents sent me to boarding school,” he says. “I’ve always been a collector. As I kid my dad and I would collect fossils and insects. And as a lifelong gamer, I’m a digital collector as well, so I was predisposed to be interested in blockchain gaming.” The blockchain gaming play to earn revolution started to gain traction after it emerged that a large community of players in the Philippines was earning money playing Axie Infinity. Jeff says "Most game companies sell in-game resources, items, and upgrades. With Axie there's an in-game resource that you need to create more Axies and it's called the love potion. So most game developers would sell this love potion, and people would pay for it. In Axie we don't sell it ourselves, the only way that love potions can be created is by people playing the game. Players who have big Axie collections need the love potion to breed Axies and have to buy the token from a liquidity pool on UniSwap or from Binance. So players can earn a basic income and we've seen that with the rise in value of ETH, this can appreciate significantly.” Key takeaway: The power of blockchain games is that they're becoming more than games. They're becoming places that we can live, work, and play. The eventual vision is to create a Metaverse similar to Ready Player One where people spend the majority of their time. “We believe in a future where work and play become one,” says Jeff. “And we believe in empowering our players and giving them economic opportunities.” To do this the Axie team is committed to aligning the incentives of the Axie community. Players can earn the AXS governance token. The token economics were designed by Delphi Digital. Delphi Digital has invested a significant amount of capital in buying several extremely rare Mystic Axies. If Axie Infinity continues to gain traction Mystic Axies will grow in value in the future. Jeff says “We’re seeing the rise of Mystic Axies and other NFTs as a true asset class. This trend accelerated when Delphi Digital picked up some of the rarest Axies in the game, like quadruple Mystics, triple Mystics. You can think of Mystics as rare and valuable skins. It makes sense that there's a lot of interest around NFTs and it makes sense because we live in a digital world.” Supporting links: Axie Infinity Delphi Digital on Axie Leverj Jeff on Twitter Andy on Twitter Brave New Coin on Twitter Brave New Coin If you enjoyed the show please subscribe to the Crypto Conversation and give us a 5-star rating and a positive review in whatever podcast app you are using.
51 min
The Token Metrics Podcast
The Token Metrics Podcast
Token Metrics
How I Turned $20K into Millions? Is Now the Right Time to Make Life-changing Money?
How I turned $20K into millions? Is now the right time to make life-changing money? Sign up for Token Metrics at https://tokenmetrics.com Token Metrics Media LLC is a regular publication of information, analysis and commentary focused especially on blockchain technology and business, cryptocurrency, blockchain-based tokens, market trends, and trading strategies. Like the podcast to let us know you like the content! Sign up for Token Metrics at https://tokenmetrics.com ✔ Podcast: https://tokenmetrics.com/podcast ✔ Blog: https://blog.tokenmetrics.com/ ✔ Forum: https://forum.tokenmetrics.com/ Follow us on social media below: ► Telegram Alerts Channel: https://t.me/TokenMetrics ► Telegram Discussion Group: https://t.me/TokenMetricsDiscussion ► Twitter: https://twitter.com/tokenmetricsinc ► Instagram: https://instagram.com/tokenmetrics ► Facebook: https://facebook.com/tokenmetrics Token Metrics Media LLC does not provide individually tailored investment advice and does not take a subscriber’s or anyone’s personal circumstances into consideration when discussing investments; nor is Token Metrics Media LLC, registered as an investment adviser or broker-dealer in any jurisdiction. Information contained herein is not an offer or solicitation to buy, hold, or sell any security. The Token Metrics Media LLC team has advised and invested in many blockchain companies. A complete list of their advisory roles and current holdings can be viewed here: tokenmetrics.com/disclosures.
6 min
Bryce Paul & Pizza Mind: Bitcoin Blockchain Cryptocurrency Ethereum Advocates
Ep. 359 - Why Cryptocurrency is Necessary for a True Democracy, w/ Blockdaemon's Konstantin Richter
In this episode of CRYPTO 101, we meet with Konstantin Richter who unveils his masterpiece, Blockdaemon. This service allows anyone to run one of dozens of blockchain nodes, for free. This not only helps secure the networks, but lets users earn revenue all at the same time. This saves the average consumer weeks and months of time, if they had an expert holding their hand through all the bash prompt commands. Not to mention thousands of dollars in server hardware and upkeep. Why run a node? The more nodes there are under a different user’s control, the more decentralized and secure a network is against censorship, hacks, downtime, and bad actors. It is critical that major crypto networks have tens or hundreds of nodes, if not millions. Major hacking groups, including world governments and intelligence agencies have no problem spooling up thousands of nodes to perform 51% attacks, so it is very important to be conscious of this aspect of cryptocurrency -- the underlying blockchain and infrastructure is very important. Blockdaemon is an amazing leap forward in the ease of running a node. We learn a lot from Konstantin in this episode about not only what goes into running a node, but which cryptocurrencies his platform supports, and even how the user can monetize their node to make passive income from it! If you have time to listen to this podcast, you have the time to take advantage of this opportunity! Sponsored link: https://CRYPTO101insider.com Guest Links: https://blockdaemon.com/ https://twitter.com/konstantin11 Show Links: https://CRYPTO101podcast.com Twitter: https://twitter.com/Crypto101Pod https://twitter.com/BrycePaul101 https://twitter.com/PizzaMind https://instagram.com/crypto_101 Facebook: https://www.facebook.com/groups/101Crypto https://www.facebook.com/CRYPTO101Podcast **THIS IS NOT FINANCIAL OR LEGAL ADVICE** © Copyright 2021 Boardwalk Flock, LLC All Rights Reserved ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ Fog by DIZARO https://soundcloud.com/dizarofr Creative Commons — Attribution-NoDerivs 3.0 Unported — CC BY-ND 3.0 Free Download / Stream: http://bit.ly/Fog-DIZARO Music promoted by Audio Library https://youtu.be/lAfbjt_rmE8 ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
32 min
The Blockchain Debate Podcast
The Blockchain Debate Podcast
Richard Yan
Motion: Tether has always been acting in bad faith (Bennett Tomlin vs. Larry Cermak, co-host: Patrick McKenzie)
Guests: *Bennett Tomlin (@bennetttomlin)* *Larry Cermak (@lawmaster)* Host: *Richard Yan (@gentso09) Patrick McKenzie (@patio11, special co-host) * Today’s motion is “Tether has always been acting in bad faith.” This topic is very relevant for today’s markets because Tether is simultaneously an incredibly important, if not the most important, source of on-ramp liquidity for crypto, and a controversial, legally-challenged, blackbox operation that make market participants worry about their undesirable dealings and, worse, imminent collapse. We previously had a similar debate on this with Matthew Graham from Sino Global Capital vs Cas Piancey, the independent crypto commentator and Tether skeptic. So definitely check that out. Today’s debaters are Larry from the Crypto publication and Bennett Tomlin, another crypto commentator and Tether skeptic. The episode was also co-hosted by Patrick McKenzie, who also did extensive independent research on Tether. If you’re into crypto and like to hear two sides of the story, be sure to also check out our previous episodes. We’ve featured some of the best known thinkers in the crypto space. If you would like to debate or want to nominate someone, please DM me at @blockdebate on Twitter. Please note that nothing in our podcast should be construed as financial advice. Source of select items discussed in the debate (and supplemental material): * Paper claiming unbacked Tether drove BTC price: * https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3195066 * Papers dispelling the above notion: * https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3175876 * https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3508006 * Patrick McKenzie comprehensive history of Tether: https://www.kalzumeus.com/2019/10/28/tether-and-bitfinex/ * Bennett Tomlin blog: https://bennettftomlin.com/ * The Block publication: https://www.theblockcrypto.com/ * Amy Caster Tether timeline: https://amycastor.com/2019/01/17/the-curious-case-of-tether-a-complete-timeline-of-events/ Guest bios: Bennett Tomlin regularly publishes articles about fraud in the crypto space via his blog. His dayjob is data scientist and fraud investigator in the pharmacy benefits area. Larry Cermak is Director of Research and Analysis at The Block, a crypto research, analysis and news outlet geared toward institutional investors. Patrick McKenzie is a Tokyo-based entrepreneur and commentator. He wrote a thorough recount of the Tether controversy on his personal website. Patrick works for the Internet at Stripe. All comments are his own.
1 hr 16 min
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