Episode notes
“There is no bitcoin network outside of bitcoin nodes. Those who do not run their own full node are using someone else’s full node“
Bitstein is the co-founder of both The Nakamoto Institute and Noted Bitcoin Podcast & he’s one of the most well read people I’ve ever met.
The episode continues with part two, and we cover the balance of his incredible article:
Toward a Node World Order;
How Bitcoin Obsoletes Inflation & Promotes Human Flourishing.
Read it here:
https://bitcointimes.com.au/toward-a-node-world-order/
In this part, we cover:
- Why Gold “didn’t fix this”
- The 3 steps to a Fiat World Order
- How military conquest has been overshadowed by monetary policy
- Why Bitcoin Fixes This
Doing your own verifying and indexing is the only way to be sure your index data is secure.
— Satoshi Nakamoto
- A full node as an independent bookkeeper
“The bitcoin network was architected in such a way that a full node can operate in a bunker, cut off from the rest of the world, save for a single internet connection”
- The dangers of people who keep trying to extend it’s purpose beyond that, in some attempt to make it do everything (eg; Ethereum, and even Bitcoiners with Ethereum envy, eg; Stacks)
- Bitcoin Nodes and Methodological Individualism
- What is Methodological Individualism ?
- How does it manifest with a Bitcoin Node?
- The idea that Bitcoin exists on the node seems to fry people’s brains because they can’t conceptualise how a global network can simultaneously be here in a local node.
- “There is no bitcoin network outside of bitcoin nodes. Those who do not run their own full node are using someone else’s full node“
- The Establishment of a Bitcoin World Order
A fundamentally better economic operating system
The Industrial Revolution freed humanity from the Malthusian trap. Bitcoin, having put an end to counterfeiting once and for all, frees us from the fiat trap.
Follow Michael @BitStein
Check out NakamotoInstitute.org
And buy your copy of The Bitcoin Times:
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