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Cody Ellingham | The Transformation of Value
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Creative & Host of the Transformation of Value Podcast.

From Ecash to Bitcoin: Unlocking the Future of Digital Money with nostr:nprofile1qyrkxmmjv93kcegpvemhxue69uhkv6tvw3jhytnwdaehgu3wwa5kuef0dec82c330fchxafn09engenjv9nkuvnpx4jnxmr8wcmrju35wfmhw6r5wvexvum9wfkxcdpsxf6h5u3nw9jkgercveekvenrw9e8x0mzwfhkzerrv9ehg0t5wf6k2qpqzqsu3ys4fragn2a5e3lgv69r4rwwhts2fserll402uzr3qeddxfs2gkl22

https://www.youtube.com/watch?v=WDvOWDcHG9U

What is Ecash and how does it related to Bitcoin? Why is a layered approach to digital money important? Why is it important to get the UX of payments right?

In 2024 Erik Cativo (nostr:nprofile1qqspqgwgjg25375f4w6vcl5xdz363h8t4c9ycv3ll6h4wppcsvkknyc6q732m) left his design job at Ericsson in Sweden to start building on Bitcoin full-time. This year he received a grant from the Human Rights Foundation to work on improving the user experience of Ecash, including both the Cashu and Fedimint protocols. Erik is also the Lead Designer at Hoseki, building proof of ownership infrastructure for Bitcoin.

https://www.youtube.com/watch?v=dPC99lXzWtw

🎧 Greg Girard is a Canadian photographer who has spent much of his career capturing the urban landscapes and people of Asia. He has authored several photographic books, including City of Darkness: Life in Kowloon Walled City, Phantom Shanghai, and most recently his upcoming book Snack Sakura, which explores Japan’s iconic night-time snack bars.

https://www.youtube.com/watch?v=nTvO3JG74Qo

Other ways to listen:

https://www.thetransformationofvalue.com/episodes/greg-girard-and-the-art-of-disappearing-cities

People once looked up to work out where they were, now they look down.

Most people don't change beliefs — they change teams.

The ones who build the systems know this very well.

If you want to see how a person will act, you don't ask "What do you believe?" – you ask "Which team currently feeds and protects you, and which team are you trying to get into?"

For anything that touches power, money, or safety, "belief" is a side effect of coalition membership under constraint.

If you want to understand or change what people "believe", stop pushing more arguments into the front of the theater. Walk backstage and rewire:

- who pays them,

- who can punish them,

- who they're performing for.

The rest of the "belief journey" will mostly take care of itself.

In other words — when you want someone to see the truth, change what truth pays them.

Trying to "blue-pill" or "red-pill" someone while leaving their dependencies intact is mostly theater.

They need a direct incentive shift:

- Give them a new coalition: new job, new customers, new patronage, new audience.

- Remove personal risk: legal shielding, financial runway, anonymity, alternative credentials.

- Once their safety depends on a different story, their mind will "discover" that story's correctness.

An audience swap almost always gets the job done. People don't speak to "reality". They speak to an audience.

If you want them to change, change who's listening and who they're afraid of:

- Move them from a room where accuracy = status,

- To a room where dissent = exile.

They will quickly learn the new speech patterns.

What gets measured, gets believed.

If their performance is measured on:

- prediction accuracy → they'll slowly gravitate toward more truthful models.

- compliance metrics → they'll "believe" compliance narratives.

Switch the KPI, and watch their belief vocabulary morph to reduce their fear of being punished.

Most people don't change beliefs — they change teams.

This is important.

🎧 Taiwan sits at the heart of global geopolitics, caught between history, identity, and rising tensions with China. In this episode, Chris Horton takes us inside the island’s struggle for survival and what it means for the world today.

Chris is a journalist based in Taiwan since 2015, covering the country’s foreign relations, domestic politics, economy, and society. Chris has released his first book: Ghost Nation: The story of Taiwan and its struggle for survival.

https://www.youtube.com/watch?v=oOuRzWvKT3A

Other ways to listen:

https://www.thetransformationofvalue.com/episodes/why-taiwan-matters-more-than-ever-with-chris-horton

🎧 Peter Fzero ( nostr:nprofile1qqszf5mgc9qwuek4tfhq0t3j9qxny0nrxvthcetgfv0g9m27euqdx9cjq8ted ) is a tattoo artist, designer, and decade-long Bitcoiner. He is part of the 2140 Art Collective which includes over 50 artists exploring themes of Bitcoin / privacy / freedom / and consciousness through art.

https://www.youtube.com/watch?v=6CQVm85gbUQ

Other ways to watch:

https://www.thetransformationofvalue.com/episodes/what-is-freedom-consciousness-with-peter-fzero

The Dangers Of Reporting On China W/ Peter Langan | The Transformation of Value

https://youtu.be/L6HaDM-c2Cs

It has become increasingly difficult, and even dangerous to report on China. What does this mean for journalists covering sensitive topics like military defence, human rights, and politics?

Peter Langan is a journalist with extensive experience including almost 20 years with Bloomberg News in various roles such as: Asia Editor-at-Large and Tokyo Bureau Chief. He later worked as senior editor for the China Desk at South China Morning Post in Hong Kong, during the time of the 2019 democracy protests, the emergence of Covid 19, and the imposition of the National Security Law upon Hong Kong.

[Other ways to listen.](https://www.thetransformationofvalue.com/episodes/the-dangers-of-reporting-on-china-with-peter-langan)

https://stacker.news/items/1265623

🎧 It has become increasingly difficult, and even dangerous to report on China. What does this mean for journalists covering sensitive topics like military defence, human rights, and politics?

Peter Langan is a journalist with extensive experience including almost 20 years with Bloomberg News in various roles such as: Asia Editor-at-Large and Tokyo Bureau Chief. He later worked as senior editor for the China Desk at South China Morning Post in Hong Kong, during the time of the 2019 democracy protests, the emergence of Covid 19, and the imposition of the National Security Law upon Hong Kong.

Listen now:

https://www.youtube.com/watch?v=L6HaDM-c2Cs

Other ways to listen:

https://www.thetransformationofvalue.com/episodes/the-dangers-of-reporting-on-china-with-peter-langan

🎧 For over 20 years Stiven Kerestegian has been exploring questions of design, innovation, and disruption, working with some of the world’s biggest brands including Microsoft, LEGO, and recently as Head of Global Innovation at IKEA.

But since discovering Bitcoin in 2017 everything has changed, Stiven has turned his focus towards applying design thinking to this new form of money, and how we might use it to build a more open and resilient financial system for the world.

https://www.youtube.com/watch?v=-ocL4XvdFNE

Other ways to listen:

https://www.thetransformationofvalue.com/episodes/can-we-design-bitcoin-for-a-billion-people-with-stiven-kerestegian

Why does Bitcoin struggle to find its place in the real economy of supply chains, factories, and things? What role does credit play in building the economy, and could a new layer on top of Bitcoin be the missing piece?

Hubertus Hofkirchner is an economist and entrepreneur from Austria. Hubertus is a key figure in developing the Bitcredit Protocol, an open-source initiative focussed on building a flexible credit money layer on top of Bitcoin for enabling businesses to finance working capital needs, using bills of exchange and ecash.

https://www.youtube.com/watch?v=yG4Lmv_uScM

Other ways to listen:

https://www.thetransformationofvalue.com/episodes/where-are-the-bitcoin-supply-chains-with-hubertus-hofkirchner

I just made my first Lightning payment from my own node! nostr:nprofile1qqsw5t3us9xs3gmclzjm37hvk2yy6pv9t96utjjttsj794hexc5x79qzl2gvy + Ride the Lightning. This is incredible. Not nearly as difficult as I thought. I have connected my node to nostr:nprofile1qyvhwumn8ghj7un9d3shjtnndehhyapwwdhkx6tpdshszymhwden5te0wfjkccte9enrw73wd9hj7qghwaehxw309a3xjarrda5kuetj9eek7cmfv9kz7qpqxnf02f60r9v0e5kty33a404dm79zr7z2eepyrk5gsq3m7pwvsz2syskr4r wallet as well.

This tutorial from Satoshi Radio helped a lot:

https://www.youtube.com/watch?v=i9VTtDPQeZs

The only issue I encountered testing payments on Ride the Lightning was the need for a "max-fee" to be set, which was not available on the dashboard payment widget, but which can be found under "Advanced Settings".

Will keep learning!

#MOE

Though I do wonder how much Bitcoin investment is happening out there in the productive economy of things / farms / factories (not just in financial or Bitcoin-related services)? Seems the best case is to hodl in those situations which disincentivises capital allocation.

Professor Hayek, I also appreciate the inclusion of the inflation appendix (1950-1975).

Running A Marathon In North Korea + Arrested In China With Johan Nylander

https://www.youtube.com/watch?v=PXfd2iCqbtU

🎧 I had the opportunity to sit down with journalist and Amazon best-selling author Johan Nylander.

Johan shares with me why running is important to him, and how he ended up running marathons in North Korea and Mongolia.

He also opens up for the first time publicly about his experience getting arrested in Xinjiang, Western China, while reporting on the oppression that the Muslim population faces there.

This episode is a must-watch. We tackle some bigger questions about freedom, the role of journalism, technology, and why it is important to go and see the world with your own eyes.

[Other ways to listen](https://www.thetransformationofvalue.com/episodes/running-a-marathon-in-north-korea-arrested-in-china-with-johan-nylander)

https://stacker.news/items/1052375

🎧 What Is The Future Of Stablecoins? With Allen Farrington & Cody Ellingham

https://www.youtube.com/watch?v=4L70jC9QGhA

🎧 Allen Farrington co-wrote Bitcoin Is Venice and Only The Strong Survive, and is a co-founder of Axiom, a Bitcoin-focused venture firm. We discuss the future of stablecoins, their potential scaling issues, and the possibility of stablecoins moving over to taproot assets on the Bitcoin Lightning Network.

Check out the original article that we discuss: ["A Half-Baked Thesis on Stablecoins" by Allen Farrington](https://njump.me/naddr1qvzqqqr4gupzpqnwn7y4hqdtgxj9ygngkfy7drgze2qkpr002c4yj08wxhlut36eqqxnzde5xs6rjv3kxcer2vp3lc8ac9)

https://stacker.news/items/987348

🎧 In a world of silence and screens, where the body hides and the voice is masked, what is our political power?

https://www.youtube.com/watch?v=UTo2XMq7yaQ

The Waves of Meaning | Cody Ellingham

https://www.patreon.com/posts/waves-of-meaning-127326271

"In the choppy ocean of meaning-making the waves are colliding and smashing together constantly in ways that are unpredictable and profound."

originally posted at https://stacker.news/items/955854

✨ Can you pull the money lever just right to control inflation? Spotted at Bank of England exhibition on money and the future of money. If you think that's crazy then you should study Bitcoin.

🎧 I am joined by Carmen Lau is a former Hong Kong District Councillor who was forced to resign by the government and later fled Hong Kong to the UK where she lives in exile.

She is a pro-democracy and freedom advocate with the Hong Kong Democracy Council and a Freedom Fellow with the Human Rights Foundation and is wanted by the Hong Kong police with a $1 million Hong Kong dollar bounty being offered for information leading to her arrest.

We talk about freedom and self-determination and importantly what it means to lose freedoms that you once had.

We also touch on China and the propaganda of the Chinese Communist Party.

https://www.thetransformationofvalue.com/episodes/why-am-i-wanted-by-the-hong-kong-police-with-carmen-lau

The world's second hardest money. #misterdonut

Photography of unplaces. Somewhere in Tokyo. Instagram does not want me to upload this image for some reason so maybe I can get some zaps here instead?

Maybe not on our end I guess, but out there. People are starting to reach out and ask me about Bitcoin again.

🎧 With the new Bitcoin ATH and euphoria it is worth remembering the long-term plan, check this episode with nostr:npub15tkakfjtkcmg4aaa2hatapj2gsjslr587nvga8q8t49nhc5x32qq3fnhq4

https://www.thetransformationofvalue.com/episodes/financially-independent-time-sovereign-with-sovereign-origin

🎧 Latest pod is out. I talk with Sovereign Origin ( nostr:npub15tkakfjtkcmg4aaa2hatapj2gsjslr587nvga8q8t49nhc5x32qq3fnhq4 ) about his concept FITS (Financially Independent, Time Sovereign) a new alternative to the traditional FIRE movement (Financially Independent, Retire Early).

While both approaches aim to escape the “rat race,” FITS redefines the pursuit of financial independence through the lens of Bitcoin, focusing on sovereignty over one’s time with a unique perspective towards wealth, work, and life.

We had a great talk about the FITS concept, exploring some of the technical aspects, as well as some of the challenges inherent in the traditional FIRE approach which is built on the premise of the ongoing growth of the stock market and ultimately is not truely independent because the state can always come and turn off or confiscate your retirement fund – Something they can’t do with Bitcoin.

https://www.thetransformationofvalue.com/episodes/financially-independent-time-sovereign-with-sovereign-origin

🎧 Latest pod is out.

James Pierog is co-founder and CEO of Bitcoin Prediction Market, a new company back by Bitcoin startup accelerator Wolf, enabling bets on real-world events using the Bitcoin Lightning Network.

We explore what a prediction market is, why Bitcoin is the perfect medium for this, and what new forms of crowd intelligence through prediction markets could mean in an increasingly complex world.

Along the way we discuss the intersection of philosophy and mathematics, the wisdom of the crowd, AI, and the challenge of dealing with rapid change.

https://www.thetransformationofvalue.com/episodes/bitcoin-prediction-market-with-james-pierog

🌊⛏️ I had the awesome chance to visit a 50KW Bitcoin mining site in Gunma, Japan, operated by Agile Energy X, a subsidiary of TEPCO Power Grid. Big thanks to the team at nostr:npub1qtvl2em0llpnnllffhat8zltugwwz97x79gfmxfz4qk52n6zpk3qq87dze who I tagged along with!

The site is operated by TEPCO Renewable & Power utilising 50KW of solar that would otherwise be wasted as the site is currently awaiting grid upgrade and connection.

I think this is a big step forward for broader engagement with power generators about how Bitcoin can help the grid and for understanding the opportunity to participate in this new monetary network.

There is a lot that we can learn from the power of Bitcoin mining to act as both a load balancing and grid stabilisation tool, as well as helping with the ROI and financial planning of new generation assets.