"All you can do with Bitcoin once you buy it is sell it, but you need somebody else to buy it from you." - Peter Schiff James Woods shared a tweet with what is, in the end, a generally rational skepticism and common initial impression of Bitcoin. From an article at Fox Business, that based its argument on a few quotes from the king and queen of Bitcoin trolls, Peter Schiff and Nouriel Roubini. "You can't do anything with it but sell it," they claim, "its a huge scam and pump and dump" they added. As a Bitcoiner I would obviously argue this is completely false, but its not easy at first to see why, and it takes a huge amount of history, and close scrutiny to see the bigger picture. That's why in this episode, I hope to answer the article, and maybe shed some light on why its views are wrong. Maybe James will listen to it, maybe not, but hopefully some skeptic out there can find value in hearing answers to very common, but ultimately very wrong views as to what Bitcoin is. Todays episode, I get into all of it, with "Dear James Woods." The tweet and article in question: https://twitter.com/RealJamesWoods/status/1329513077654528002?s=20 As mentioned, a brilliant and extensive series hitting so many of these concepts in far greater detail, by the amazing author Parker Lewis, is the Gradually, Then Suddenly, series. The playlist of the full series can be found at the link below: https://open.spotify.com/playlist/4NRn7e8FbNtoCLSigf8GV4?si=0ezq3gTvS8CAKMmxYdhA1w A huge thanks to our awesome sponsors! Hexa Wallet for an excellent, feature-rich mobile Bitcoin wallet. It brings multiple accounts and built in transaction batching so you can send Bitcoin to your lightning wallet, a friend, and to your cold storage all at once to save on fees! Hexawallet.io ...And for your cold storage we have the excellent BitBox02 from ShiftCrypto. A simple, Swiss made, open source, secure hardware wallet that makes it super easy to have secure, reliable cold storage savings for the long term Bitcoin holder. guyswann.com/bitbox Check them out and let them know I sent you! --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

“Taproot will unlock a new range of possibilities for Bitcoin, improving privacy and expanding smart contract possibilities” The code has been merged, the client is on the way, and it's time for the miners and community to bring this to the next step. Led by the mining pool "Poolin," they and others are reaching out to other major pools to get confirmation on support for the soft fork upgrade, and how they would like to see it activated. With various options, risks, and time horizons, this is the beginning of finding a standard for the client release where taproot is finally brought to the Bitcoin network. Today's read is another great piece from Bitcoin Magazine author Aaron Van Wirdum breaking it all down. Listen to find out. Check out the original and stay up to date with the remarkable resource over at BitcoinMagazine.com: https://bitcoinmagazine.com/articles/poolin-launches-initiative-to-activate-taproot-encouraging-other-mining-pools-to-join To dive deeper into Taproot, what it is, and what it enables, check out a previous article from Aaron explaining the whole picture: Taproot is Coming: https://bitcoinaudible.com/?p=3435 And thank you to our amazing sponsors for Bitcoin Audible! • For an awesome mobile wallet be sure to check out our sponsor, Hexa Wallet at guyswann.com/hexa • And for a simple, secure, open source hardware wallet, BitBox is the way to go by ShiftCrypto. Check it at guyswann.com/bitbox Satoshi Bless the incredible LTBNetwork and the resource they've built for Bitcoiners for so many years! letstalkbitcoin.com --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message