Vake: Bitcoin Past, Present and Future - E95

Is hyperbitcoinization a half-baked maximalist fantasy or a real possibility? In a Medium post ObiWan Kenobit presents a model of how the process could play out and here, Brady presents it in audio and adds some thoughts. Links from the show below. Fascinated by bitcoin? Confused? Overwhelmed? We feel you. Follow us for useful breakdowns of news, the social & economic implications of bitcoin and breakdowns about how the system works. We are dedicated to being sovereign citizens of bitcoin and we're sharing our journey learning bitcoin hoping it makes yours a bit easier. Citizen Bitcoin on Twitter: https://twitter.com/citizenbitcoin Citizen Bitcoin Podcast: https://citizenbitcoin.simplecast.fm/ Citizen Bitcoin on Medium: https://medium.com/@citizenbitcoin Links from the show: Hyperbitcoinization: Winner Takes All by ObiWan Kenobit on Medium: https://medium.com/coinmonks/hyperbitcoinization-winner-takes-all-69ab59f9695f Money, blockchains, and social scalability by Nick Szabo on Unenumerated: http://unenumerated.blogspot.com/2017/02/money-blockchains-and-social-scalability.html Special thanks to The Cryptoconomy Podcast. If you appreciate Citizien Bitcoin you should definitely subscribe: https://cryptoconomy.podbean.com/

26 Jun 201838min

Tommy and Brady discuss the EOS mainnet failure and it's basically centralized structure; we share research that shows that 10 times more BCH coins are hodled than spent, whereas the ratio of hodled bitcoin versus spending bitcoin is 1:1; and we take a look at Satoshis.Place and why it is, yes, silly, but also important. Links from the show below. Fascinated by bitcoin? Confused? Overwhelmed? We feel you. Follow us for useful breakdowns of news, the social & economic implications of bitcoin and breakdowns about how the system works. We are dedicated to being sovereign citizens of bitcoin and we're sharing our journey learning bitcoin hoping it makes yours a bit easier. Citizen Bitcoin on Twitter: https://twitter.com/citizenbitcoin Citizen Bitcoin Podcast: https://citizenbitcoin.simplecast.fm/ Citizen Bitcoin on Medium: https://medium.com/@citizenbitcoin Links from the show: EOS mainnet failure: https://www.ccn.com/eos-blockchain-grinds-to-halt-as-software-bug-freezes-transactions/ Chainalysis research about ratio of BCH tokens held as a store of value, versus a medium of exchange compared to the BTC ratio: https://twitter.com/BitMEXResearch/status/1004995365202886656 https://blog.chainalysis.com/reports/money-supply Ethereum is declared not a security, helps to have friends in high places: https://twitter.com/AnselLindner/status/1004435205988503552 Satoshi's Place: https://satoshis.place/

19 Jun 201828min

Brady reads through and discusses three recent Twitter threads that explain the technical foundation of bitcoin maximalism: bitcoin is a protocol for the transfer of value over the internet and the history of internet protocols demonstrates that only one will win. Links from the show below. Fascinated by bitcoin? Confused? Overwhelmed? We feel you. Follow us for useful breakdowns of news, the social & economic implications of bitcoin and breakdowns about how the system works. We are dedicated to being sovereign citizens of bitcoin and we're sharing our journey learning bitcoin hoping it makes yours a bit easier. Citizen Bitcoin on Twitter: https://twitter.com/citizenbitcoin Citizen Bitcoin Podcast: https://citizenbitcoin.simplecast.fm/ Citizen Bitcoin on Medium: https://medium.com/@citizenbitcoin Links from the show: @MeniRosenfeld thread on why it is important to understand how bitcoin works: https://twitter.com/MeniRosenfeld/status/998712581899595776 @jmcorgan thread on "cargo-cult engineering" in the "blockchain space": https://twitter.com/jmcorgan/status/996434257026453506 @arbedout thread on early internet protocol developer Michael Padlipsky: https://twitter.com/arbedout/status/995277494801588224

24 Mai 201824min

Tommy and Brady take a look at Ethereum, discuss the debate about whether or not it is a security in the United States, summarize its history with the other kind of security and compare it to Bitcoin. Links from the show below. Newish to Bitcoin? Confused? Overwhelmed? We feel you. Follow us on YouTube, Medium and here for useful breakdowns of news, the social & economic implications of bitcoin and easy to follow howtos. We're just making the leap from learn to teach, your early support is huge. 🌍🌎🌏If you find value in this content, please subscribe, like, rate, review and share! Citizen Bitcoin on Twitter: https://twitter.com/citizenbitcoin Citizen Bitcoin on YouTube: https://www.youtube.com/channel/UCi_fqW5K7-eLUXcLU-dR3eQ/featured Citizen Bitcoin Podcast: https://citizenbitcoin.simplecast.fm/ Citizen Bitcoin on Medium: https://medium.com/@citizenbitcoin Links from the show: Is Ethereum a "noncompliant security" in the United States? https://www.thestreet.com/investing/bitcoin/ethereum-and-ripple-prices-might-come-under-pressure-soon-14567420 https://www.nytimes.com/2018/04/22/technology/gensler-mit-blockchain.html Preston Byrne leans toward Ethereum being a security based on it's presale and centralizing force of the Ethreum Foundation: https://prestonbyrne.com/2018/04/23/on-ethereum-security/ Ethereum Presale Dynamics Revisited: https://medium.com/hasufl/ethereum-presale-dynamics-revisited-c1b70ac38448 Peter Vandenbergh from Coin Center argues Ethereum is now sufficiently decentralized to deem it comparable to Bitcoin and thus not a security: https://coincenter.org/entry/no-ether-is-not-a-security A short history of smart contract hacks on Ethereum: https://medium.com/new-alchemy/a-short-history-of-smart-contract-hacks-on-ethereum-1a30020b5fd ERC20 Tokens Compromised | 5 Octodecillion USD Hack https://steemit.com/erc20/@cryptocoremedia/erc20tokenscompromised5octodecillionusdhack-yl0zshns2r Thanks for listening - please rate, review and share! -Tommy and Brady

3 Mai 201831min

Tommy and Brady discuss Basis' critique of Bitcoin and the alternative solution it is offering, discuss stable coins in general, take a look at data analysis of Hodl Waves and discuss the record global fiat debt of $164 trillion. Links from the show below. Newish to Bitcoin? Confused? Overwhelmed? We feel you. Follow us on YouTube, Medium and here for useful breakdowns of news, the social & economic implications of bitcoin and easy to follow howtos. We're just making the leap from learn to teach, your early support is huge. 🌍🌎🌏If you find value in this content, please subscribe, like, rate, review and share! Citizen Bitcoin on Twitter: https://twitter.com/citizenbitcoin Citizen Bitcoin on YouTube: https://www.youtube.com/channel/UCi_fqW5K7-eLUXcLU-dR3eQ/featured Citizen Bitcoin Podcast: https://citizenbitcoin.simplecast.fm/ Citizen Bitcoin on Medium: https://medium.com/@citizenbitcoin Newish to Bitcoin? Confused? Overwhelmed? We feel you. Follow us on YouTube, Medium and here for useful breakdowns of news, the social & economic implications of bitcoin and easy to follow howtos. We're just making the leap from learn to teach, your early support is huge. 🌍🌎🌏If you find value in this content, please subscribe, like, rate, review and share! Citizen Bitcoin on Twitter: https://twitter.com/citizenbitcoin Citizen Bitcoin on YouTube: https://www.youtube.com/channel/UCi_fqW5K7-eLUXcLU-dR3eQ/featured Citizen Bitcoin Podcast: https://medium.com/@citizenbitcoin Bloomberg article about global fiat debt record: https://www.bloomberg.com/news/articles/2018-04-18/world-debt-hits-record-164-trillion-as-crisis-hangover-lingers Pierre Rochard tweet about why we Bitcoin: https://twitter.com/pierre_rochard/status/983883145245282304/ Unchained Capital's data analysis of Hodl Waves: https://blog.unchained-capital.com/bitcoin-data-science-pt-1-hodl-waves-7f3501d53f63 Basis announcement blog post: https://medium.com/basis-blog/introducing-basis-a-stable-cryptocurrency-with-an-algorithmic-central-bank-7a795393a525 Crunchbase Basis analysis: https://news.crunchbase.com/news/basis-raises-133m-create-price-stable-cryptocurrency/ Basis whitepaper: http://www.basis.io/basis_whitepaper_en.pdf Pierre Rochard tweet about stable bitcoin: https://twitter.com/pierre_rochard/status/977866132798558214 Donald McIntyre tweet about stable coins: https://twitter.com/TokenHash/status/986675210525880320

21 Apr 201829min

Tommy and Brady discuss tweets that caught our attention this week about sidechains, The Bitcoin Standard book, bitcoin maximalism, and an interesting Lightning Network use case idea. We take a look at the bitcoin price and at why Roger Ver is wrong about scaling bitcoin. Links from the show below. Newish to Bitcoin? Confused? Overwhelmed? We feel you. Follow us on YouTube, Medium and here for useful breakdowns of news, the social & economic implications of bitcoin and easy to follow howtos. We're just making the leap from learn to teach, your early support is huge. 🌍🌎🌏If you find value in this content, please subscribe, like, rate, review and share! Citizen Bitcoin on Twitter: https://twitter.com/citizenbitcoin Citizen Bitcoin on YouTube: https://www.youtube.com/channel/UCi_fqW5K7-eLUXcLU-dR3eQ/featured Citizen Bitcoin Podcast: https://citizenbitcoin.simplecast.fm/ Sidechains tweet from Armin van Bitcoin: https://twitter.com/ArminVanBitcoin/status/978291979208536064?s=03 The Bitcoin Standard tweet from Brady: https://twitter.com/bswen/status/983901356200267777 The Bitcoin Standard book: https://www.amazon.com/Bitcoin-Standard-Decentralized-Alternative-Central/dp/1119473861 Dr. Saifedean Ammous Udemy course: https://www.udemy.com/understanding-macroeconomics-for-university-and-business/learn/v4/overview Lightning Network publishing platform idea tweet from Ansel Lindner: https://twitter.com/AnselLindner/status/984115149299748865 Three bitcoin facts not widely understood yet: https://amp.reddit.com/r/Bitcoin/comments/8bgjlw/3_basic_facts_that_show_bitcoin_is_the_most/?__twitter_impression=true Jack Dorsey the bitcoin maximalist: https://twitter.com/bswen/status/983709064730497024 Why Roger Ver is Wrong About Scaling Bitcoin: https://medium.com/@citizenbitcoin/rebutting-roger-why-roger-ver-is-wrong-about-scaling-bitcoin-10ca4799975d Jameson Lopp's bitcoin resources: https://lopp.net/bitcoin.html Cryptoconomy Quick Reads podcast: https://cryptoconomy.podbean.com/ Bitcoin and Markets podcast: http://bitcoinandmarkets.com/

12 Apr 201840min

Tommy and Brady discuss two opposing articles about bitcoin, one titled "Bitcoin is Ridiculous, Blockchain is Dangerous" and the other "The Bullish Case for Bitcoin" Links from the show below. Newish to Bitcoin? Confused? Overwhelmed? We feel you. Follow us on YouTube, Medium and here for useful breakdowns of news, the social & economic implications of bitcoin and easy to follow howtos. We're just making the leap from learn to teach, your early support is huge. 🌍🌎🌏If you find value in this content, please subscribe, like, rate, review and share! Citizen Bitcoin on Twitter: https://twitter.com/citizenbitcoin Citizen Bitcoin on YouTube: https://www.youtube.com/channel/UCi_fqW5K7-eLUXcLU-dR3eQ/featured Citizen Bitcoin on iTunes: https://itunes.apple.com/us/podcast/citizen-bitcoin/id1350483937 Or search your podcast app for “Citizen Bitcoin” “Bitcoin Is Ridiculous. Blockchain Is Dangerous“ https://www.bloomberg.com/news/features/2018-03-09/bitcoin-is-ridiculous-blockchain-is-dangerous-paul-ford @saifedean tweet “Which is the bubble?” https://twitter.com/saifedean/status/973223806633435136?s=20 “The Bullish Case for Bitcoin“ by Vijay Boyapati https://medium.com/@vijayb_24615/the-bullish-case-for-bitcoin-6ecc8bdecc1

14 Mar 201833min

Tommy and Brady discuss Bitcoin's energy usage, how it incentivizes renewable energy, the Petro and Telegram ICOs, time preference, a visualization of the history of bitcoin development, a cypherpunk research archive and the current BTC price. Links from the show below. Newish to Bitcoin? Confused? Overwhelmed? We feel you. Follow us on YouTube, Medium and here for useful breakdowns of news, the social & economic implications of bitcoin and easy to follow howtos. We're just making the leap from learn to teach, your early support is huge. 🌍🌎🌏If you find value in this content, please subscribe, like, rate, review and share! Subscribe to the CitizenBitcoin podcast on iTunes: https://itunes.apple.com/us/podcast/citizen-bitcoin/id1350483937 Bitcoin incentivizes renewable energy: https://twitter.com/francispouliot_/status/965284076973379584 Venezuela's 'Petro' Token Launches in Pre-Sale: https://www.coindesk.com/venezuelas-petro-token-launches-pre-sale/ The petro hasn’t raised a dime: https://www.caracaschronicles.com/2018/02/22/petro-hasnt-raised-dime/ Telegram has raised an initial $850M for its billion-dollar ICO: https://techcrunch.com/2018/02/16/telegram-ico-850-million/ Telegram ICO: Scam Among Cryptocurrency Scams: https://www.forbes.com/sites/jasonbloomberg/2018/02/17/telegram-ico-scam-among-cryptocurrency-scams/#1329dbdb1cf0 At 0%, Bitcoin has a higher 2-year yield than government bonds in 16 countries...: https://twitter.com/charliebilello/status/966325031189057537 Time preference and depreciating and appreciating currencies: https://twitter.com/saifedean/status/966946413216260096, https://twitter.com/AnselLindner/status/967052904812236800 Bitcoin movements: https://twitter.com/iam_preethi/status/965459466232643584 History of Bitcoin Development Visualized: https://www.youtube.com/watch?v=DjYbsq3FXfM&feature=youtu.be History of the cypherpunk movement: https://github.com/tombusby/cypherpunk-research#technical-sources The rocket BTC chart: https://www.tradingview.com/chart/BTCUSD/eqgqZCoS-T-Minus-Soon-to-BTC-Launch-The-trajectory-to-test-ATH-by-April/

24 Feb 201827min