An Audio Series
Bitcoin: A Money Story
Not a computing story. A money story — how a few thousand lines of code came to be worth more than a trillion dollars, told from the beginning.
The genesis-block headline, the double-spend problem, the cost of the middleman, and the thirty years of cryptographers who tried to remove him — ending with the nine-page paper that did.
The Money Problem
Proof of work, mining, and the energy debate argued honestly — plus the quiet truth that miners propose but nodes dispose.
The Proof
Your wealth as a sentence, the ladder of custody from exchange IOU to cold storage, and why every disaster targets you, never the blockchain.
Your Keys
No balances, only discrete chunks of unspent coin; why fees track bytes, not dollars; and the mempool auction for block space.
The Transaction
The block-size war, why users — not miners — settled it, and the second-layer answer (Lightning) tested live in El Salvador.
The War and the Upgrade
The bull and bear cases tested against gold, Ethereum, and Saylor's leveraged bet. The verdict: not settled.
The Valuation
Buying, the exchange IOU, ETFs vs. self-custody, dollar-cost averaging, position sizing, taxes, and multisig for inheritance.
Getting It, Keeping It
Mt. Gox, the ETF's gentle inversion, privacy, stablecoins, governments turning buyer, the miners' fee-only future, and the distant quantum clock.