"Retrospectively, a lot of ex-DigiCash employees understand why Chaum was so paranoid.  As a cryptographer you have to assume the whole world is trying to rip you off.  A certain amount of paranoia is part of the job. Chaum had also worked for intelligence agencies, and that didn't fortify his faith in the good intentions of humankind. His vision of the privacy of the individual was almost an obsession.  In 1996 he said, in the relations magazine of Honeywell-Bull: "The difference between a bad electronic cash system and well-developed digital cash will determine whether we will have a dictatorship or a real democracy." ~ NEXT Magazine, 1999 Today's story unfolds around the rise and fall of DigiCash, a pioneering company in digital currency from the 90s. It delves into the paradox of its founder, David Chaum, a visionary yet paranoid cryptographer, whose brilliance in cryptography was overshadowed by his poor business acumen and inability to delegate. This leads to a compelling question: How did DigiCash, despite its advanced technology and potential to revolutionize digital payments, fail and how would the past have been different if it hadn't? This is an amazing blast from the past with many lessons to learn, don't miss the article and the Guy's Take to follow! Check out the original article at How DigiCash Blew Everything. (Link: http://tinyurl.com/2s37ew47) Host Links Guy on Nostr (Link: https://tinyurl.com/yc376bff) Guy on X (Link: https://twitter.com/theguyswann) Bitcoin Audible on X (Link: https://twitter.com/BitcoinAudible) Check out our awesome sponsors! Get 9% off the COLDCARD with code BITCOINAUDIBLE ⁠⁠⁠⁠⁠⁠(Link: bitcoinaudible.com/coldcard⁠⁠⁠⁠⁠⁠) Swan: The best way to buy, learn, and earn #Bitcoin (Link: https://swanbitcoin.com) “The most effective way to destroy people is to deny and obliterate their own understanding of their history.” ~ George Orwell --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

"I hope Bitcoin sticks around and grows more popular, but in its current form to most in #TradFi it is the opposite of SOUND MONEY, especially if it takes cult-like behavior to make it grow. It needs the STATE to force its use on everyone. That is what makes it MONEY." ~ Samantha LaDuc Today we dive into the enlightening twitter thread from financial analyst Samantha LaDuc on why Bitcoin cannot be and is not money, one of which is because money is enforced by the state, but that's only just the beginning. We witness another instance of the unfortunate confidence where people in finance mistakenly think that because they deal with money, and numbers, and charts, and P/E ratios, that this means they understand *money.* A very, very different discipline that is meaningful over far, far larger time horizons. So let's take a peak into this world view, and then in the spirit of debate... tear it apart. I think you'll enjoy this one Check out the original tweet at Samantha La Duc's profile. (Link: https://twitter.com/SamanthaLaDuc) Referenced in the show Debt: The First 5000 Years (Link: http://tinyurl.com/2ve3fxt2) Guest Links [Samantha La Duc Website] (Link: www.samanthaladuc.com) Host Links Guy on Nostr (Link: https://tinyurl.com/yc376bff) Guy on X (Link: https://twitter.com/theguyswann) Bitcoin Audible on X (Link: https://twitter.com/BitcoinAudible) Check out our awesome sponsors! Get 9% off the COLDCARD with code BITCOINAUDIBLE ⁠⁠⁠⁠⁠⁠(Link: bitcoinaudible.com/coldcard⁠⁠⁠⁠⁠⁠) Swan: The best way to buy, learn, and earn #Bitcoin (Link: https://swanbitcoin.com) “Facts do not cease to exist because they are ignored.” ~ Aldous Huxley --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message