Read_409 - 57 Varieties of Pyrite [Rusty Russell]

June 25, 2020 00:38:13
Read_409 - 57 Varieties of Pyrite [Rusty Russell]
Bitcoin Audible
Read_409 - 57 Varieties of Pyrite [Rusty Russell]

Jun 25 2020 | 00:38:13

/

Hosted By

Guy Swann

Show Notes

"Incentives have driven exchanges to become casinos, and they’re doing exactly what you’d expect unregulated casinos to do. This is no place you ever want to send anyone."  - Rusty Russell

A sobering and important reminder of the dangers that exchanges have come to pose for people new to the Bitcoin space. Rusty Russell writes a concise piece breaking down the incentives of the exchange market and the increasing risks they pose in hooking people with the promise they can buy Bitcoin, and trapping them in the cycle of chasing green candles on 57 varieties of crap.

From Rusty's excellent blog with many other great little thoughts, check out below for tons of other great insight and discussion:
https://rusty.ozlabs.org/

Looking for that Bitcoin only, no noise, long term place to send your friends to buy Bitcoin? SwanBitcoin.com/guy will get them $10 free to start off, and not even once try to convince them to buy XRP.

--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

Other Episodes

Episode

April 11, 2022 02:04:15
Episode Cover

Chat_68 - Keysend Maximalism & LNpay with Bootstrap Bandit

LNpay, LNURL, LNauth, streaming sats, Bolt12, the past and future of Lightning. We dig into tons of great stuff around Lightning and discuss Keysend...

Listen

Episode

April 02, 2019 01:34:29
Episode Cover

My Favorite Bitcoin Holidays? A Walk with Guy Through Bitcoin History

Today we go on an extended walk through some of the most epic days of Bitcoin's and the Cryptoconomy's history! Telling some of my...

Listen

Episode

August 27, 2024 00:41:48
Episode Cover

Read_842 - BTC investing vs BTC Standard

"It’s been amazingly freeing because I don’t worry about my investments, mostly because I don’t have very many. I’m on a Bitcoin standard and...

Listen