Citizen Bitcoin

In the first Citizen Bitcoin interview episode, long time bitcoiner and creator of the #LNTrustChain, aka the lightning torch, Hodlonaut joins Brady for a discussion about the lightning torch, his experience discovering and learning bitcoin, the recent discussion about small blocks and much more. If you appreciate the pod, it would be a huge help if you took a minute to leave a rating and review wherever you get your podcasts! Citizen Bitcoin on Twitter: https://twitter.com/citizenbitcoin Citizen Bitcoin Podcast: https://citizenbitcoin.world Citizen Bitcoin on Medium: https://medium.com/@citizenbitcoin Links from the show: Hodlonaut on Twitter: https://twitter.com/hodlonaut The Lightning Trust Chain genesis tweet: https://twitter.com/hodlonaut/status/1086703428791865345 LNTrustChain hashtag: https://twitter.com/search?q=%23LNTrustChain&src=tyah LN Trust Chain tracking spreadsheet: https://docs.google.com/spreadsheets/d/1lyMcG2kGvcbNOIKYXEfTvSH8831L_HOdxN3kQWbqwzo/edit?usp=sharing The torch's website (incl

Tommy and Brady discuss bitcoin, lightning network and taxes and recent reports from the University of Cambridge Judge Business School and the Bank for International Settlements. Citizen Bitcoin on Twitter: https://twitter.com/citizenbitcoin Citizen Bitcoin Podcast: https://citizenbitcoin.world Citizen Bitcoin on Medium: https://medium.com/@citizenbitcoin Links from the show: How bitcoin is taxed in the United States: https://www.thebalance.com/how-bitcoins-are-taxed-3192871 Cambridge 2nd Global Cryptoasset Benchmarking Study: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3306125 Bank for International Settlements argues Bitcoin ‘is not sustainable without block rewards’: https://www.theblockcrypto.com/2019/01/22/bank-for-international-settlements-argues-bitcoin-is-not-sustainable-without-block-rewards/ Beyond the doomsday economics of “proof-of-work” in cryptocurrencies: https://www.bis.org/publ/work765.pdf Definition of a 51% attack: https://en.bitcoin.it/wiki/Majority_attack Theoretical cost of a 51%

Brady joined Scott Hawkins, host of PayPod, a podcast for the payments industry, to talk about bitcoin. It was originally published on Dec 31, 2018. This episode has some crossover with our Bitcoin Turns Ten episode but is still worth a listen. Watch out for a new ep with me and Tommy dropping later today! Find the original podcast and show notes here: https://www.soarpay.com/2018/12/swenson-ep27/

Tommy and Brady are back in action for bitcoin's tenth birthday. We take a look back at the birth of bitcoin and its first ten years of life and speculate on challenges and potential developments for the next ten. Links from the episode: History of bitcoin resources: https://www.thestreet.com/investing/bitcoin/bitcoin-history-14686578 https://en.wikipedia.org/wiki/History_of_bitcoin https://www.fool.com/investing/2018/04/02/the-history-of-bitcoin.aspx Satoshi email from 1/16/2018 speculating about 10 years in the future: https://satoshi.nakamotoinstitute.org/emails/bitcoin-list/23/ Jameson Lopp's bitcoin by the numbers 2018: https://medium.com/@lopp/bitcoin-by-the-numbers-2018-recap-68a91789d804 Citizen Bitcoin on Twitter: https://twitter.com/citizenbitcoin Citizen Bitcoin Podcast: https://citizenbitcoin.world Citizen Bitcoin on Medium: https://medium.com/@citizenbitcoin

Tommy and Brady take a look at what we've learned since we started this podcast in January at the beginning of this down cycle and talk about the Bitcoin Cash hardfork drama, which was unfolding as we recorded. 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.world Citizen Bitcoin on Medium: https://medium.com/@citizenbitcoin Links from the show: Follow the Bcash Hash War! https://cash.coin.dance/ http://hashwars.cash/ "How Many Forks Does it Take to Get to the Center of Satoshi’s Vision?" https://medium.com/@thecryptoconomy/how-many-forks-does-it-take-to-get-to-the-center-of-satoshis-v

Tommy and Brady discuss the blockchainer/altcoiner topic dujour, stablecoins, take a look at institutional moves from Fidelity, Baakt and Coinbase and Andrew Desantis' ambitious project DeOS, which began mining last night. 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.world Citizen Bitcoin on Medium: https://medium.com/@citizenbitco Links from the show: Backdoor in USD Coin (USDC) https://twitter.com/econoar/status/1054785269843415040 "Huobi Lists Four ‘Regulated’ Stablecoins Vying for Tether’s Crown" https://www.ccn.com/huobi-lists-four-regulated-stablecoins-vying-for-tethers-crown/

Brady and Tommy discuss bitcoin mining energy usage and why Proof of Work is efficient, the information theory of money and the 2018 Baltic Honey Badger conference with takes on Bruce Fenton's tokenizing securities presentation and Nic Carter's Realized Market Cap idea. 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.world Citizen Bitcoin on Medium: https://medium.com/@citizenbitco Links from the show: 2018 Baltic Honey Badger Conference Day 1: https://www.youtube.com/watch?v=66ZoGUAnY9s 2018 Baltic Honey Badger Conference Day 2: https://www.youtube.com/watch?v=D2WXxgZ8h-0 Dan Held on The Inform

Tommy and Brady discuss an assortment of recent happenings in bitcoin including bitcoin scaling (a 2.26 MB block and Lightning Network's astonishing growth), the "blockchain cruise" debate between Jimmy Song and Roger Ver, the Winklevoss stablecoin and The Final Boss of Bitcoin (aka The Bank for International Settlements). 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.world Citizen Bitcoin on Medium: https://medium.com/@citizenbitco Links from the show: Bitcoin mines it's largest block ever at 2.26 MB: https://twitter.com/ConanOBitcoin/status/1038824249065197570 Lightning Network con

Brady reads a Twitter thread by Eric Wall that is intended to serve as a reminder when the ICO idiocy returns. Guy, the host of The Cryptoconomy Podcast, joins Brady to offer some commentary about ICOs and shitcoins. 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: A Reading of A Reminder for When The Idiocy Returns by Eric Wall on Twitter: https://twitter.com/ercwl/status/1033816350958014469 The Cryptoconomy Podcast: https://cryptoconomy.podbean.com/ Music: "To the Moon" by Hobotek from th

Altcoin prices tumble as bitcoin price holds strong at the 6,000 USD per BTC and the 100 billion USD market cap level. Bitmain Pre-IPO documents paint a picture of trouble for the mightiest bitcoin mining company of all time. 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. First Lawrence Bitcoin Meetup: https://www.meetup.com/Lawrence-Bitcoin-Meetup/events/kfktcqyxmbqb/ Bitcoin and altcoin price separation: https://twitter.com/Fullbeerbottle/status/1029284335898255360 via https://coin360.io/ Bitmain numbers from Samson Mow on Twitter https://twitter.com/Excellion/status/1029690904422957056 https://twitter.com/Excellion/status/1029688460402089984 https://twitter.com/Excellion/status/1029686892080521216 The bitcoin story in three tw

Tommy and Brady dive into the financial side of bitcoin, taking a look at recent ETF proposal activity, the role of futures in bitcoin and the Lightning Network Reference Rate idea proposed by Nik Bhatia. 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. List of bitcoin ETF proposals: https://twitter.com/JSeyff/status/1023998013780500481 Nik Bhatia's "The Time Value of Bitcoin": https://medium.com/@timevalueofbtc/the-time-value-of-bitcoin-3807b91f02d2 Nik Bhatia's "The Bitcoin Risk Spectrum": https://medium.com/@timevalueofbtc/the-bitcoin-risk-spectrum-949f6abec290 Public Statement: Dissent of Commissioner Hester M. Peirce to Release No. 34-83723: https://www.sec.gov/news/public-stateme

Tommy and Brady take a minute to appreciate all the bitcoin progress made during this down cycle in the price. Bitcoin just keeps marching on with improvement proposals like Schnorr signatures and BetterHash. Personal safety as a bitcoin hodler is also discussed. 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.world/ Citizen Bitcoin on Medium: https://medium.com/@citizenbitcoin Links from the episode: @Cryptoconomy tweet thread listing developments in bitcoin over the past 30 days: https://twitter.com/TheCryptoconomy/status/1015362096832307200 Funny Name or Not, Schnorr Is a Big Deal for Bitcoin

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://unenume

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 abo

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"

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.

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.

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.

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.

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.