The Bitcoin Journey Podcast

"When countries are forced to exchange their own currencies for dollars to buy oil, this strengthens that trading pair for that country, extending U.S. influence beyond energy markets."- Alex Gladstein In Block007 of The Bitcoin Journey, Tim & CJ discuss Alex Gladstein's article "Uncovering the Hidden Costs ofThe Petrodollar", a fantastic account of the USA manouvering to control the currency denomination of oil. This is a great read, and it's worth spending the time digesting the points Alex presents, before diving into the discussion CJ & Tim have around some hard hitting macro questions: How legitimate is the petrodollar theory What impact does this have on the global economy How can we determine the difference between conspiracy and fact The petrodollar effect on the environment As always, you can follow the author and access the article via the links below: Alex Gladstein @gladstein Article Uncovering the Hidden Costs ofThe Petrodollar Bitcoin Audible Version ________________________________ We will be releasing regular episodes discussing the best bitcoin related articles, news, and technology. Follow the hosts on Twitter: CJ  @CharlieJBitcoin Tim  @BitcoinTimO Podcast  @BTCJourneyPod Website http://thebitcoinjourney.org________________________________ Theme music is Good Times by Sensho Music from Uppbeat (free for Creators!):https://uppbeat.io/t/sensho/good-timesLicense code: B6CCVCQMDAPWVSPT

In Block006 of The Bitcoin Journey, Tim & CJ discuss the bitcoin price over 2021. They cover: The difficulties of trading What happened to S2F? Fear and Greed Indicators which happened to work Is cycle theory dead!? Some of the sources mentioned: Plan B's twitter @100trillionUSD S2F website https://www.planbtc.com/ Also check out Philip Swift (@PositiveCrypto), who made many of the indicators at lookintobitcoin.com Our transparency report detailing how we are making this podcast and our download numbers can be found on CJ's Medium page here. ________________________________ We will be releasing regular episodes discussing the best bitcoin related articles. Follow the hosts on Twitter: CJ  @CharlieJBitcoin Tim  @BitcoinTimO Podcast  @BTCJourneyPod________________________________ Theme music is Good Times by Sensho Music from Uppbeat (free for Creators!):https://uppbeat.io/t/sensho/good-timesLicense code: VQA6XPNBB193FSCC

Today I Learned 1 In Block005 of The Bitcoin Journey, Tim & CJ each share a fact on something new they learned about Bitcoin in the last week. Tim talks about some interesting developments in the Lightning Network, whilst CJ explains why there will never actually be 21 million Bitcoin. Show notes for each section are found below.-------------------------------- TIL1 - There Will Never be 21 Million Bitcoin Calculate the supply of bitcoin:Σ[(100/(2^n)) x 210,000] = (50 x 210,000) + (25 x 210,000) + (12.5 x 210,000) + ... + (0.00000001 x 210,000) = 20999999.99755528limit (epochs) = 33n0 = 1 Calculate the max possible supply at a block height:Number of epochs = current block height / 210,000e.g. current block height = 750,000, therefore 750,000/210000 = 3.57750000 - (3 x 210,000) = 120,000 blocks into 4th epoch(50 x 210,000) + (25 x 210,000) + (12.5 x 210,000) + (6.25 x 120,000) = 19,125,000 bitcoin could have been minted. Verify the actual number of minted bitcoin:Using a full node (e.g. Bitcoin Core), run the RPC command 'gettxoutsetinfo'. On a RasPi this may take a few minutes to compute.The 'Total Amount' value is the actual number of minted bitcoin. Subtracting the real value should always be less than the calculated value, as some bitcoin were never minted. Other RPC commands mentioned in the episode:getblockhash 0 ~~> gives the hash of the genesis blockgetblock [block hash] ~~> gets the block infogetrawtransaction [tx hash] ~~> gets transaction (tx) info   Article mentioned - How To Destroy BitcoinsAuthor - Antoine Le Calvez --------------------------------TIL2 - The Lightning Network Some useful resources on the lightning network and LNURL: Jameson Lopp - Lightning Basics Coincharge - LNURL Basics   And don't forget to follow these authors, as well as stackers.news, Ben Arc and Fiatjaf on Twitter! Jameson Lopp @lopp Stacker News @stacker_news And the Stacker News founder @k00bideh Fiatjaf @fiatjaf for more on LNURL PoS Ben Arc @arcbtc for more on LNURL vend ________________________________ We will be releasing regular episodes discussing the best bitcoin related articles. Follow the hosts on Twitter: CJ  @CharlieJBitcoin Tim  @BitcoinTimO Podcast  @BTCJourneyPod________________________________ Theme music is Good Times by Sensho Music from Uppbeat (free for Creators!):https://uppbeat.io/t/sensho/good-timesLicense code: QTIPFCCWCXJOARQW

"When Satoshi announced Bitcoin on the cryptography mailing list, he got a skeptical reception at best. Cryptographers have seen too many grand schemes by clueless noobs. They tend to have a knee jerk reaction. I was more positive." - Hal Finney   In Block004 of The Bitcoin Journey, Cj & Tim talk around a Bitcoin Talk forum post by famous early bitcoiner and cypherpunk, Hal Finney. In it, he talks about his career, the early days of bitcoin and the latter stages of his life limiting illness. CJ & Tim discuss: Hal's work in PGP Pre-bitcoin attempts at digital cash Inheritance considerations for bitcoiners Sadly, Hal passed away in 2014. You can read this blog post, and find more interesting bitcoin discussion, via the links below: Forum post Bitcoin and me Website Bitcoin Talk Forum _________________________________________ We will be releasing regular episodes discussing the best bitcoin related articles. Follow the hosts on Twitter: CJ  @CharlieJBitcoin Tim  @BitcoinTimO Podcast  @BTCJourneyPod Website thebitcoinjourney.org _________________________________________ Theme music is Good Times by Sensho Music from Uppbeat (free for Creators!): https://uppbeat.io/t/sensho/good-times License code: GWUSHVJAE5H0QORE

"... bitcoin is financial empowerment and now some nations are beginning to recognize this. As long as enough nations not only classify bitcoin as legal, but actually embrace it, regulatory arbitrage will drive bitcoin owners and businesses to bitcoin-friendly nations." - Nik Bhatia In Block003 of The Bitcoin Journey, Cj & Tim discuss the points Nik Bhatia raises in his article, 3 ways El Salvador has Changed Bitcoin Forever. These points provide a good framework for discussing the move by El Salvador to adopt bitcoin as legal tender, especially some months after this article was written and with hindsight on our side. CJ & Tim discuss: Bitcoin's volatility The possibility of government bans Bitcoin geopolitics Be sure to read the article and follow Nik using the links below: Nik's Twitter @timevalueofbtc Article: 3 Ways El Salvador Has Changed Bitcoin Forever _________________________________________ We will be releasing regular episodes discussing the best bitcoin related articles. Follow the hosts on Twitter: CJ  @CharlieJBitcoin Tim  @BitcoinTimO Podcast  @BTCJourneyPod Website thebitcoinjourney.org _________________________________________ Theme music is Good Times by Sensho Music from Uppbeat (free for Creators!): https://uppbeat.io/t/sensho/good-times License code: SXBPSLEJLHY8SPSK

Welcome to Block002 of The Bitcoin Journey. "You don't change Bitcoin. Bitcoin changes you." - Gigi In this episode, Tim & CJ use the article "The Responsibility of Adopting Bitcoin", authored by Gigi, as a framework for discussing the impact Bitcoin has had on them. They cover how adopting bitcoin not only installs a sense of responsibility in the individual, but how the individual inevitably becomes responsible for bitcoin itself. Be sure to read the full article and give Gigi's work a follow, via the links below: Gigi's Twitter @dergigi Article The Responsibility of Adopting Bitcoin Gigi's other work ____________________________________ Tim & CJ release weekly episodes documenting their journey as they navigate the bitcoin landscape. Join them for discussion and share your thoughts by following them on Twitter: CJ  @CharlieJBitcoin Tim  @BitcoinTimO Podcast  @BTCJourneyPod ____________________________________ Music from Uppbeat (free for Creators!):https://uppbeat.io/t/sensho/good-timesLicense code: XJCIB6F55TIFJHHA

Welcome to Block001 of The Bitcoin Journey. In their first full episode, CJ & Tim discuss the topics covered in Vijay Boyapati's well known article, The Bullish Case For Bitcoin, including: The origins of money Bitcoins path dependence Market hype cycles and their effect Common misconceptions and FUD busting! Be sure to read the full article and give Vijay a follow on Twitter, via the links below.   Vijay's Twitter @real_vijay Article: The Bullish Case for Bitcoin ________________________ We will be releasing regular episodes discussing the best bitcoin related articles. Follow the hosts on Twitter: CJ  @CharlieJBitcoin Tim  @BitcoinTimO Podcast  @BTCJourneyPod ________________________ Theme music is Good Times by Sensho Music from Uppbeat (free for Creators!):https://uppbeat.io/t/sensho/good-timesLicense code: XJHKQQUKZWYVWXKS

Welcome to Block000, the first episode of the The Bitcoin Journey. This is a short introduction to the hosts of the podcast where you can get to know CJ and Tim and how they got into bitcoin. We will be releasing regular episodes discussing the best bitcoin related articles. Follow the hosts on Twitter: CJ  @CharlieJBitcoin Tim  @BitcoinTimO Podcast  @BTCJourneyPod   Theme music is Good Times by Sensho Music from Uppbeat (free for Creators!):https://uppbeat.io/t/sensho/good-timesLicense code: 7NT8G7CTTC8MB6RJ