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Luke de Wolf
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Monetary Maxi. Running Knots. Running DATUM. Co-host of the Bitcoin Infinity Show Co-author of Bitcoin: The Inverse of Clown World Co-founder of BTC HEL
Replying to Avatar SovereigntyQuest

Reposting this note to satisfy my inexplicable desire to have it read by some one🫡

Some information about weights used in measuring precious metals.

An ounce that is used for measuring weight for general items (Imperial ounce) is 28.35 gms. There are 16 ozs in an Imperial pound.(453.6 grams).

An ounce that is used for measuring weight of gold and silver (Troy ounce) is 31.1034768 grams. There are 12 troy ozs in a Troy pound (373.2417216 grams).

Gold and silver collectors, particularly coin collectors, should be aware of this difference as it is of MASSIVE consequence if they are unaware and liable to be easily confused and potentially scammed by unscrupulous metals dealers. Gold and silver coins are quoted and weighed in Troy ounces not Imperial ounces. Mr Frisby!

I should probably add that if Mr Frisby was using the correct "Troy ounce" measurement he should have calculated that a "pound" of silver would be worth 12 x ÂŁ20=ÂŁ240 and NOT 16 x ÂŁ20.

However, as shown in the table below the pound(weight) value of silver equivalent to ÂŁ1 had changed substantially over the years so the above calculation is somewhat arbitrary.

Of additional interest, and pertaining to the recent Freedom Footprint video, is the value of a “pound of silver”, the origin of the term pound sterling.

This system was adopted in Britain in about 800AD and was based on the French Carolingian monetary system that was implemented in France by Charlemagne where the “Livre”(L became origin of £ sign ) was designated as equal to a pound of silver.

To confuse matters even more in Britain the “Tower Pound” system, slightly different to the “Troy pound” system, was used up until 1526 when Henry VIII decreed that the “Tower pound” system be ended for minting money and the “Troy pound” system be the standard.

nostr:note125wujvvjd5luwt9yynd7309hhcqjv93x3xlrwvz3jjgkmnq6p0hslkhe4x

Excellent breakdown! nostr:npub1jt97tpsul3fp8hvf7zn0vzzysmu9umcrel4hpgflg4vnsytyxwuqt8la9y nostr:npub1h727rfzm6hk9egx5yr602hxszezu0pyl2l7azwuvttlvf67uepyq559jmf

Ok I'm giving Nostr another serious try.

The latest episode of the Freedom Footprint Show is out now! #[1] and I discuss bitcoin, mathematics, praxeology, property rights, and the fragility of society and civilization with #[0], author of “The Progressive Case for Bitcoin”. Discover more about his views and book now 👇🏻

Find the episode on 👇🏻

Fountain: https://www.fountain.fm/episode/14619274787

Apple: https://podcasts.apple.com/gb/podcast/the-progressive-case-for-bitcoin-with-jason-maier/id1641040522?i=1000607261886

Spotify: https://open.spotify.com/episode/7DrxHlImKe86e34590lqwP?si=7872ebf1ae294cc5

YouTube: https://youtu.be/ScxibzXxkZE

Freedom Footprint Show 24 with @Luke_Broyles is out! We discuss the inevitability of #Bitcoin, the everything bubble, and much more! @knutsvanholm @BtcPseudoFinn

Fountain: https://www.fountain.fm/episode/14268559297

Apple: https://podcasts.apple.com/gb/podcast/the-inevitability-of-bitcoin-with-luke/id1641040522?i=1000605102915

Spotify: https://open.spotify.com/episode/0K9wU8qbQZECfowqXMrecj?si=96e151fa2f034f0c

YouTube: https://youtu.be/hdjWOSF1DTA

I'm at the Northern Lightning conference in Bergen Norway today!

Knut Svanholm was the first speaker!

Well today is fun. PV Nostrland!

Last week, I asked Nostr (and Twitter) for the best resources about Bitcoin mining's environmental impact. The goal is to use these resources to help orange-pill an environmentally focused friend. I've reviewed everything, and here are some of the best resources🧵👇

First up: the articles. Articles are a great way to convey a specific piece of information while being both informative and including enough detail to get to the nuance. Here are many of the best articles I found on the topic:

1. #[0]'s @#[0] Bitcoin energy piece. This is a comprehensive overview of Bitcoin's energy usage, from Bitcoin's purpose to why proof of work is necessary. Well written and easy to read, this is one of the best articles on the topic.

https://www.lynalden.com/bitcoin-energy/

2. RFI Response: Climate Implications of Digital Assets by Margot Paez and Troy Cross through the Bitcoin Policy Institute.

This paper is a response to common FUD, in this case from the US government. It covers the key points and is full of links for further research.

https://uploads-ssl.webflow.com/627aa615676bdd1d47ec97d4/62f41b9ce54e014f9869efa7_OSTP.docx.pdf

3. Bitcoin: Let's Start from Scratch by #[1] @#[1]

A ground up orange pill article directly aimed at the environmental side of things. One of many great articles by Daniel, but he recommends to start with this one and I agree. Check everything out on his website regardless!

https://batcoinz.com/bitcoin-lets-start-from-scratch/

4. The Humanitarian and Environmental Case for Bitcoin by Alex Gladstein @#[2]

Alex Gladstein has multiple excellent articles from the humanitarian perspective of Bitcoin, and this one covers the environmental side very well too. I suggest reading all of his major pieces, and he has a book coming out that I'm very much looking forward to!

https://bitcoinmagazine.com/culture/bitcoin-is-humanitarian-and-environmental

5. Bitcoin Mining and the Environment by #[3] @#[3]

High level thoughts from #[3] on the topic of Bitcoin mining and the environment. More compact than the others, and includes references from the Bitcoin Mining Council.

https://www.michael.com/en/resources/bitcoin-mining-and-the-environment

6. Bitcoin is a Pioneer Species by #[4] @#[4]

Another comprehensive article built around the analogy relating Bitcoin to a pioneer species in ecology. A different angle to approach the topic that I find quite compelling.

Next up are the podcast episodes, useful for people who prefer to listen to their content. Here are my favorite podcast episodes on Bitcoin's environmental impact 👇

1. Troy Cross on What Bitcoin Did - his appearances are must listen/watch for information about Bitcoin and the environment. Troy's thesis about Bitcoin and energy is well worth listening to!

He's been on the show 4 times, and all are great.

https://www.whatbitcoindid.com/troy-cross

2. Shaun Connell on What Bitcoin Did - Shaun appears once alone, and once with Troy Cross - his episodes include valuable information about how #bitcoin energy markets really work.

https://www.whatbitcoindid.com/podcast/bitcoin-energy-markets

3. Steve Barbour and Nate Harmon on What Bitcoin Did - The two have a spirited but healthy debate about climate change and Bitcoin's role in it. Good points from all sides and well worth listening to.

https://www.whatbitcoindid.com/podcast/a-climate-change-debate

4. Nate has a great episode on his own covering Bitcoin mining in the ocean using OTEC technology, highlighting an innovative use for Bitcoin mining to promote sustainable energy.

https://www.whatbitcoindid.com/podcast/bitcoin-unleashing-an-ocean-of-energy

5. Next, many great articles have been read by #[5] @#[5] on Bitcoin Audible including some already mentioned here, and further articles on the topic are also here.

You can find the articles from the podcast library and filtering for energy:

https://bitcoinaudible.com/library/

I couldn't find #[0]'s energy piece from the library, but here is the Apple Podcasts link: https://podcasts.apple.com/us/podcast/read-550-bitcoins-energy-use-isnt-a-problem-heres/id1359544516?i=1000531790906

Finally, I'll end with two upcoming book 📚 recommendations - I can't wait for both to be out, and I know that they both will make a great contribution to the Bitcoin environmental narrative, and addressing the environment specifically. 👇

1. The first book is The Progressive Case for Bitcoin by Jason Maier @#[6]

This book will cover common arguments against #Bitcoin by progressives, including the environmental angle.

You can hear more from Jason's appearance on What Bitcoin Did: https://www.whatbitcoindid.com/podcast/a-progressives-case-for-bitcoin

2. Finally, Abundance Through Scarcity by Ioni Appelberg

Ioni makes wonderful animated videos, many with #[5] and Knut Svanholm, and he will be coming out with this book soon.

He has discussed the upcoming book on the Freedom Footprint Show: https://youtu.be/RF2AXDreVUg

Bonus: Ioni, Guy, and Knut's video Orange is the New Green is a great video take on the topic!

https://www.youtube.com/watch?v=X0YBOyI8ptE

That's a wrap! Thanks everyone who answered the original Note and Tweet! There were so many responses, I haven't included everything here, but you can find even more resources in those conversations.

@note1pwyy83ahnh2vkkct9g6yx65szu24zldhgr4l55jwegsrkp34whzs53j4ln

https://twitter.com/BtcPseudoFinn/status/1631496077453975552

Thanks for reading, I hope this has been helpful!

In the latest episode of the Freedom Footprint Show, Ben de Wall joined Knut Svanholm and BtcPseudoFinn for a thought-provoking, varied conversation. Originally from New Zealand, Ben comes from a software development and coding background. His range of interests and knowledge is impressive and his passion for Bitcoin is long-lasting. A perfect combo for our show!

In the episode, Ben and Knut go head to head as we explore the concepts of capitalism, the free market and we delve into the distinction between possession and ownership, the validity of contracts, and intellectual property. We also approach difficult concepts often used against libertarianism - national defense, immigration, and big governments - and we highlight interesting alternatives such as Rojava in Northeastern Syria and Christiania in Copenhagen.

The show is out now on Youtube and on all podcast platforms!

https://youtu.be/ZdQnG8Zw4n4

PV Nostriches, I need your help! Best research about the environmental effects of Bitcoin mining please! I started the orange pill process of a good friend, and he's hung up on the environmental part. I need reinforcements! What's the best we have these days?

On the latest episode of the Freedom Footprint Show, Angelo Morgan-Somers explores the idea: Fiat is like drugs.

Check out the full episode to see the whole interview: https://youtu.be/myd48WOYmVg

https://media.nostrgram.co/v/84/media_84b7b0a910046.mp4

In the latest episode of the Freedom Footprint Show, Pietro Battistella and Knut Svanholm discuss the importance of timing and the human factor in technological discoveries and Bitcoin. Drawing from his book “Bitcoin Technics and Time,” Battistella explains how technics are becoming increasingly autonomous, and how this force exists in every field of human knowledge, not just technology.

Technics can be defined as the undefined increase of the ability to achieve goals through the deployment of means in a way that is always more efficient, always faster, and generally better. The idea is that given the right economic, political, and especially technological conditions, technics and innovations will emerge spontaneously, to the point that the individual who discovers them becomes less like a fundamental factor and more like a catalyst in the process.

This is the concept of inevitability of discovery: if somebody doesn’t make a specific discovery, given the right conditions, someone else will eventually get to the same result in a process that is much more autonomous than we can think. Battistella argues that we can observe this through history, in how discoveries have often emerged at similar times in very different parts of the world.

Now, let’s connect this idea to Bitcoin and Satoshi. The underlying techniques and ideologies that drive Bitcoin - encryption, a distributed ledger, and the need for a decentralized currency with a fixed supply - already existed. Could we consider Satoshi just a catalyst then? He brought together the ideas into the Bitcoin we know today, but hadn’t he done that, someone else could have eventually created something very similar. Or could they?

It's clear how specific the circumstances surrounding the emergence of Bitcoin are and the particular role that Satoshi played. Had he disappeared one day later or not at all, what would have happened? Had the fixed supply or block size been different, would it be the same? We must also consider the role played by humans in shaping Bitcoin. As Knut points out, we can’t ignore that there is still a prominent human component in the process of becoming and adopting Bitcoin since the system is built on a consensus.

Given the uniqueness of the parameters that shaped Bitcoin into what we know today, can we know that it would have worked under different ones? What do you think? Would Bitcoin be what it is today without Satoshi’s intervention?

To listen to the full conversation with Pietro, check out the episode on the Konsensus Network channel. https://youtu.be/AuRbHzvDC7Q