Part 3: How Bitcoin Fixes Money with Lyn Alden

[@surfrico]

All 3 of these have been outstanding. Thanks for making them and thanks to Lyn for being so fantastically bright and generous with her knowledge.

[@MikeStillUK]

I see Lyn I click. I see she writes a book I buy.

[@stanleynnaemekaorajiaka8109]

Nice.. Watched all 3 episodes and they are perfect. I support Lyn on the aspect of the failure of CBDC. As a Nigerian🇳🇬 even before the CBDC was implemented I knew it won't work. We have little or no trust for the government. The more reason Nigeria is one of the most aware hub for Bitcoin. Peter you should visit Nigeria, it would be a good place to explore for your Bitcoin documentary. I promise you I hope to meet you too in person 🙏. Nice work guys. What Bitcoin is Doing!!!

[@rebranch74]

I dare you Peter.

[@accidentally_here]

This three part series is an absolute masterpiece. I guess this wasn't the last time I watched it. The book has already arrived and I am looking forward to read it, although English is not my native language, so it might be quite a battle😀 Thank you Lyn and What Bitcoin Did crue for teaching us this stuff❤

[@dynaco]

Congratulations on the publication Lyn! My copy arrived today, looks great. Pete you donkey good job on the show in general and having such awesome repeat guests as Lyn 😊

[@glenallan6279]

Please do an audiobook Lyn, and extra please be the one who reads it. I’ll buy that as soon as you do it!

[@claudioboc64]

Her audiobook is coming up

[@azdjedi]

I don't understand how anybody could not enjoy these pods

[@jingmu1289]

Thank you Lyn! Bought your book today. Can't wait to read😊

[@sateshmahadeo4366]

You spoke about the price per BTC and new comers feeling like its so expensive, they can't buy a whole one and they feel like they're late. I have found that the Bitcoin space is unique in that the more you learn about it, the more you realise how early you are.

[@lorraineanderson5679]

Lyn's so great at breaking it down like fractions! I really enjoy listening to her speak on the topics of finance, money, Bitcoin etc. I'm always confident when I forward a video that includes her, my friends will be able to understand it And enjoy it as well.

[@rebranch74]

Well said.

[@petepizzaface]

Thanks Peter and Lyn, making sense of the world here when it seems all sense is lost.

[@janrock9796]

Finally, I have the book!!! So far one of the best money/crypto/macro book I have ever read. 🎉

[@brianconnelly2115]

bought the book after the first 5 min of the first vid. This was a wonderful detailed explanation of many things related to Bitcoin. Thank you all for your fantastic work.

[@lorraineanderson5679]

Bought the book loved the book passed the book on to friends... Lyn you so totally rock😊

[@adiintel1]

Will be purchasing lyns book this week. Thanks for everything Peter , Danny and especially Lyn.

[@mlbonfox8199]

Why??

[@mandralliance]

Need to watch them all!!! Great info

[@TheRealDerekS]

sat thru a labor day parade this morning, in the absolute center of the USA, I was amazed at the thousands of people and their families who work in the skilled trades and operating engineers and the like... the streets were packed with hard working people who get up and go to work and build our world everyday.... and I am one of them. Very Proud to be constructive rather than destructive (like I was in the past) thank god for human determination, heart, soul, will power, and of course, Danny

[@sateshmahadeo4366]

Peter mentioned that Bitcoin basically has 2 monetary policies; the 21M cap and the halving every 210K blocks. But it is actually just 1 monetary policy, the halving, because the code does not explicitly specify the 21M cap. If you start with 50BTC payout per block and then halve it every 210K blocks, it adds up to a few sats less than 21M BTC.

[@vandogtrailer6701]

The rate of issuance is part of the policy. After all, when it started there were 0 BTC. Now there's 19.5m.

[@mlbonfox8199]

It’s unlimited (sat’s

[@Sigmacadabra]

Book scheduled to arrive tomorrow

[@chronomancer6665]

Books in the mail. And I couldn't wait to get it to start reading it, so I got the digital copy too.

[@joecizin9357]

Your discussion brought to mind the movie "Pretty Woman" good overcoming bad.

[@allenjefferis5105]

"Shields down moment" 😂 Lyn your the greatest!

[@mbshawaii]

My book copy just arrived. It's a beast! Can't wait to start. Great series btw.

[@shakenbake6303]

Amazing work!!! Watched all 3 parts 🙏

[@konakaucoffee1496]

Awesome as always Lyn!

[@jueunkim7572]

So happy to see the last part..!

[@andrewhurley3250]

Got my copy of the book today. Can't wait to dive right in. Lyn just speaks so well. Cheers,

[@phillipmoon3369]

Great video. Thanks to both of you.

[@guy35451]

So been looking forward to this 3rd show

[@rmondave]

Medium of exchange, unit of account, store of value. Btc handles all of these, but the most compelling is store of value which WILL push out all fiat in good time.

[@fortheloveoftravel3817]

great content. Lyn is brilliant

[@junipersnow1]

When the Audible Book comes out, I think we all agree, would be great if Lyn narrated the book.

[@dynaco]

i do agree!

[@Vi3ioN_BTC]

I have just read Lyn’s book. Do yourself a favour and get a copy, folks! You won’t regret it.

[@axb8000]

🎉 3 parts

[@derek.seaborn]

Return of the (monetary) Jedi

[@robbatayaki5505]

Watching and shall rewatch the 3 again

[@NotoriusBTC]

Great, it was so good that I have to go spend 2 hours on the other ones lol

[@moilanea]

I'm really looking forward to seeing what our monetary environment is going to be like in 20, 30 years and beyond. The issues of current systems are being studied and brought to light. One thing is for sure - there's a lot of work to be done.

[@MDOY79]

To quote Jeff Booth. ‘You can’t fix the system, from within the system’

[@mlbonfox8199]

How old r u 1????

[@Al-yf7tm]

The biggest "risk", which is not a risk, but a problem, is bitcoin itself becoming a speculative asset and not transactional "money". In an up market, people will not want to use their bitcoin to buy. And in a down market, merchants or receivers will not want to accept a rapidly declining asset. I am sure Satoshi never anticipated the extreme values that have occurred.

[@1929hellbox]

Thank you.

[@sateshmahadeo4366]

Spoiler ALERT! By the end of the book, you'll realize that our current monetary system is broken.

[@mlbonfox8199]

Lol And so is btc

[@drewsmith8054]

Lynn is amazing every time

[@TomekNYC1]

Great start, for Monday morning. Thanks

[@pran10000]

Lyn is the best.

[@janetjacks3406]

Listening from the UK and so grateful for the education from the two earlier videos, Lyn Alden explains things that even I can understand. I really get this sense of the process of evolution though I don't understand cryto currencies but like many others are looking for alternative ways of transacting and fear the CBDC's though I hear it is expensive to pay for things with Bitcoin which puts me off.

[@nattoe]

epic as always, thank you

[@bitcoinpoemspro1406]

Ready for episode three.

[@mikeplaced3111]

BTC threat. 1) ETF captures significant coins, centralizing BTC. 2) Gov. release fictitious nodes interfering with consensus 3) Quantum computer, discussed, what is impact to linear compute consensus nodes? Never discussed. If these nodes are too expensive to operate - Gov centralization, item2

[@mlbonfox8199]

It’s just even more simple( just tax it death 💀

[@Mr.Bitcoin_8-21M]

# 2 🎉🎉🎉

[@thaidude]

Wow. This is so true. If you really think about it, how the hell developing coutries are gonna escape "middle income trap" with this broken money system? "Never" And it's true for middle class which most will never make it. 😢

[@fatlip8315]

I thought the title said "How Bitcoin flexes on Money..."

[@TinTin21872]

Our Bitcoin community are privileged to hear such true simple powerful explanations over the current state of "ledgers" - thank you. In the words of Odell, stack sats.

[@jeffreyschmidt1110]

Taxing Bitcoin in the normal Fiat way just cannot work. A more perfect way is to use HR 25, a 1995 US House bill called the Fair Tax act. Reviewing the details of the act could be a very effective and acceptable method of running government with a Bitcoin standard.

[@jeffreyschmidt1110]

Inflation… a continuation of the narrowing of people who benefits from first use of newly created money. The poor gets more poorer and in more quantities and the wealthy get wealthier but with less quantity of the getting “wealthier” aspect.Thank God for Bitcoin!

[@snowflakeca2079]

I’m a Teamsters member. Our contract is up next year. I’m going to suggest we get our incentive portion in BTC. Between public & private Unions across the country, that could be a great way to force adoption thru the economy. I would be looking for politicians in favor of this.

[@DigitalNomadOnFIRE]

Ln, the $10 gaming headset from a Chinese flea market ain't really cutting it audio quality wise, sounds like AM radio, get a mic....

[@robertmcintosh8773]

Yellen was head of the FED and now is head of the treasury and there lies the exploited doller debt to 4 billion per day

[@_huahua0413_]

reverse repo 401

[@formxshape]

Thank lord this man finally spent some btc on a haircut.

[@hiuofwreqc]

Oh shit its that Tron guy, didn’t know he had podcasts.

[@alexandermcandrew2464]

i hope she understands other cryptos will have to be spent. no one is spending bitcoin. 99% of people holding n never sellin. so it ain’t meant to b currency. other coins n crypto n usdc and stuff will b spent

[@First_Principals]

Over Production of the Eletes by Peter Turchin explains what is happening in the west.

[@TorupHodl]

🎉🎉🎉🎉

[@0l_pops531]

Lynn just exploded my brain!

[@azoteapost8734]

The economic cycle is inherent to capitalism. It’s hard to explain here but this conclusion was the subject of many economist from Marx to Keynes and so on. Inherently, bitcoin doesn’t have a way to deal with this unstable system. But that doesn’t mean that can be useful for all society against crony, capitalism and liberal and conservative policies

[@azoteapost8734]

The way profit margins work and all kinds of profit maximizations, the system is unable to fulfill the market expectations of the realized, and unrealized sales of good and services. That’s a way a cycle gross and burst. When you have decreasing profits, the inventory grows, but the production slows, when you have increasing profit margins, inventories decrease and production grows.

[@robertrobert6665]

Trifecta✌️🙏!

[@jclawson709]

so how long until lyn and peter start dating? I can't be the only one who senses something there. also great episode, can't wait to read the book

[@mlbonfox8199]

Lol

[@mlbonfox8199]

Hottie???

[@peters972]

Lyn is awesome right? Probs the best ever. And owens brother is great interviewer. For example, I did not understand a thing Jeff Schneider said until he interviewed him.

[@JerseyMuscle884]

We don’t deserve Lyn 🙏🏼

[@ycnexu]

Guest for stupid audience: Willy Woo. Guest for smart audience: Lyn Alden.

[@TheRealDerekS]

Danny > Spoonboy "There is no spoon."

[@VeganTrove]

🥰

[@ttmallard]

De-abstract, simplify and decentralize the money ... this after mentioning settlements getting close to transaction via BTC. Back to listening 🍺

[@andrew69novak]

Our stock market is manipulation central. It has benefited from the fed's put for the entire 21st century so far. It's benefited from the petro dollar. It's benefited from infrastructure built 70 - 140 years ago. I think the party is almost over for that charade. Have print copy but would love audible as well.

[@hectorjelly]

China moved from developing to developed. Pretty big miss by Lyn there

[@mlbonfox8199]

Nope ; all governments have to do is tax it to 0( abolishing within 10 years Get out folks

[@DigitalNomadOnFIRE]

"To all 14 people still watching Crypto content, welcome....`

[@johnbutler3141]

But who controls btc. They will own it all over time.

[@dynaco]

nobody. no person, no corporation, no government - it’s decentralised.

[@cgroff1628]

I think that you just have to tell people that the dollar isnt backed by gold and that the elite print infinite money for their bffs while we fight for crumbs, then you can educate about inflation which leads to the limited supply convo, etc.... p.s. Lyn rules!

[@sesnast]

So much alpha 😻

[@mitchec01]

What an incredibly arrogant and jingoistic position Peter- to assert that all altcoins were created due to motivations of “stupidity and greed”. Thankfully Lyn corrected your mistaken idea, and acknowledged that iteration and experimentation is a vital part of the process. To not acknowledge the motivation behind many projects… Namely, to correct critical flaws in BTC’s usability as digital commodity money, is incredibly narrow minded, and undermines the legitimacy of your arguments. Unless when you say “bitcoin” you are including the family of decentralized projects that share core ethos with BTC… but I imagine you are too bought in to the mainstream maxi dogma to be that forthright. Love the rest of the conversation…

[@ceythehun83]

bit too much these 3, personally. jist sayin.