A deflationary money is going to destroy the economy! If the value of money keeps going up, then no one will ever spend it! If no one spends it, then the economy will fall into a depression and it will never escape... at least, this is what we are told. How is it that a sound money system with no special privilege and with no printing machine has been equated with the collapse of the economy? How is it that stuff getting more affordable, has been equated with nobody ever buying anything? How have we been led to believe, that someone else's monopoly privilege to print OUR money, is the SOURCE of our wealth and prosperity?  What if, and hear me out, deflationary money is a boon to the economy, is a huge boost to economic activity, and that a sound money doesn't even go up in value, unless real growth is actually occurring? And what if we could frame this in such a way that it is completely self-evident and sitting right in front of us all the time?  It's time for a Guy's Take episode, the second in the FUD relief series, "But Deflation is Bad…” Links mentioned in the show: WTF happened in 1971 Why your dollar ain't shit A huge thanks to our sponsors! Do not forget to check out the offers for the listeners of this show! • Code BITCOINAUDIBLE gets 9% off the ColdCard! ⁠⁠https://bitcoinaudible.com/coldcard⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ • Debit card with Sats Back on EVERYTHING: ⁠⁠bitcoinaudible.com/fold⁠⁠ ⁠⁠⁠⁠⁠⁠⁠• Buy Bitcoin at ⁠⁠https://swanbitcoin.com/guy⁠⁠ ------------------------------- “I would rather be exposed to the inconveniences attending too much liberty than to those attending too small a degree of it.”  ― Thomas Jefferson --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

"When discussing consensus mechanisms for different cryptocurrencies, one issue that often causes arguments is a lack of understanding (and definition) of the security model that they provide for the historical data in the ledger." — Jameson Lopp Today we have another blast from the past with a deep dive into Bitcoin's security model from Jameson Lopp. The most fascinating thing about this piece is that if understood properly, it gives understanding into why many of the following years in Bitcoin played out the way they did. If you want to truly understand Bitcoin, this needs to be part of your reading list.  Check out the original article at: ⁠Bitcoin’s Security Model: A Deep Dive Links: Anatomy of Proof of Work [Part 1 - Hugo Nguyen] A huge thanks to our sponsors, and don't forget to check out the offers for the listeners of this show! 9% off the Coldcard with code BITCOINAUDIBLE, ⁠⁠⁠⁠⁠bitcoinaudible.com/coldcard⁠⁠⁠⁠⁠ Check out the KYC Free, simple, no management, Bitcoin merchant solution, ⁠⁠⁠⁠⁠Nodeless.io/guy⁠⁠⁠⁠⁠ Get 50,000 free sats, plus sats back on everything you buy by signing up with Fold and the Spin+ Debit Card. ⁠⁠⁠⁠⁠bitcoinaudible.com/fold⁠⁠⁠⁠⁠ ------------------------- “I don’t know anything, but I do know that everything is interesting if you go into it deeply enough.” – Richard Feynman --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message