Here are some notes from my call to Free Talk Live tonight. I typed these out before my call and used them to organize my thoughts and get the most out of my short time on the air:
Hey life is good here in peaceful Portsmouth, New Hampshire. People are out and having parties and the businesses are serving customers and nothing is burning. Great place to be if you love freedom.
Dr. Dimento rocks.
That last caller is incorrect that everyone agrees the guy was in the wrong. It’s easy in hindsight to say that because we know what happened. But in the moment, there’s no way they could have known that the guy was going to die.
Mark is wrong that it’s just happening at random
There was a store that had a big sign that said “This is a black owned business” and they passed it by.
What would it be like if someone put up a sign that said, “This is a White Owned business” and they passed that by and destroyed the others? What would we say about that?
John Adams defended the redcoats involved in the Boston Massacre
Ian is wrong that the cops knew they were doing murder. I know I have a bias against cops, but I value justice and truth above painting the world in my bias, so let’s think about this:
Ian say the cop with his knee on the guy’s neck knew he was murdering that suspect, and the 3 other cops standing by or helping also knew that a murder was taking place.
I say it is more likely that they didn’t know they were murdering him.
Why would he do that in that way?
With a body camera on and recording, in broad daylight with people recording, knowing it would destroy his life?
Boy, it’s great that people recognize Agents Provocateur because that happens – it’s very bad. It’s important for people to record because they do lie and it’s harder to lie when there is video. It’s good that everyone is getting video. It’s really wrong that these people are stealing and I think they should be identified and brought to justice because stealing is wrong and looting has no place in a civilized society.
Ian said there would be more liberty if the cops never came back and honestly, I don’t know about that. It could be the case if it was a philosophical revolution where people had ideas they were fighting for, but the reality is they don’t. They just feel like, there are no consequences for doing crime, so let’s do it! There’s not more liberty in that situation, where people have no reasonable expectation that their business or property is safe.
A collapsed state is not the same thing as libertarian paradise. It’s more freedom but less liberty, in the short term.
It briefly explains why Anypay and I stopped supporting BTC. In this video, Steven and I elaborate by answering the questions posed to us by Patrick. We thought this would be a fun way to answer questions in a more personal way. Enjoy!
Derrick J Freeman and Brandon Bryant discuss Chapter One of the book, “Man, Economy, and State” by Murray Rothbard. Chapter One is basically a review of Ludwig von Mises’ book “Human Action, A Treatise on Economics,” published ten years prior.
We use the Study Guide created by Robert P. Murphy, a fellow of the Ludwig von Mises Institute. His summary of each chapter’s key points plus study questions at the end of each chapter are absolutely the perfect companion to this book. We invite you to buy a copy of each (or download the free ones) at Mises.org
If you like this, consider watching our discussion of Human Action here.
Libertarians Holding Online Convention to Nominate Presidential Candidate :: COVID in Prison :: Forkfest Two Weeks? :: New Hampshire Protests :: Joe Biden Knows Who is Black :: Escaping Politics :: New Orleans Crackdown :: Mark and Derrick Giving Up, Changing Strategy :: Reopening :: Obedient People :: People Standing Up :: Mass Barber Civil Disobedience :: HOSTS – Ian, Mark, Derrick J
0:49:00 – Jerome, Charlston South Carolina Joe Biden “You Ain’t Black” accused of rape, deferments, avoiding war, patriotism
0:54:00 – Johnathan in New Orleans Donald Trump bankruptcies, Presidents are not elected, they are selected, the uselessness of politics
1:07:00 – Andrew in Pensacola Florida Just got back from New Orleans, everything is closed, Marti Gras for 2021, everything closed, nothing to do, wanted name and number before could go into restaurant
1:11:00 – Changing strategies for Liberty in Our Lifetime
1:20:00 – Graham says in Michigan
1:23:00 – Mark in Charleston, South Carolina 30 day executive order – can Governors do whatever they want, or can the legislature stop them
1:25:00 – Mary Lu in Talahassee Florida All the beaches are open, the places are open, Macys, “It’s rocking.” People are wearing masks.
1:33:00 – Steven Zeiler New Hampshire Freedom Festival June 22 – July 5
1:48:00 – Steven Zeiler Bitcoin Pizza Day. Serving each other in the market. Building the Space Disco dome.
1:56:00 – Jeff Port Orange Florida First Batman Movie with Jack Nicholson poisoned all the toiletries and cosmetics and no one could use them. First thing they closed down in Plannedemic.
2:07:00 – Mike in Maine, Rick Savage from Sunday River Brew Pub stood up and said, “No more!”
2:14:00 – New listener in Milton Driving around listening says, Stick to the Constitution
2:20:00 – Barbershop protest in Michigan and limiting damage from government goons
2:36:00 – Cops issued tickets at a protest and walked away at barbershops
2:48:00 – David in New Mexico The Constitution, Article 2, Within 7 days of declaring lockdown that the Governor has to consult the legislature
2:52:00 – Gene the Christian Anarchist Twitter sanctioned one of his tweets a link to ZeroHedge article
A local business owner walked into the Anypay offices a few weeks ago.
“Would be awesome to take bitcoin at my restaurant. Do you guys… do that?”
Turns out he owns a pizza shop and likes bitcoin. Well isn’t that good timing? Bitcoin Pizza Day right around the corner, and a guy walks in ready to sell me pizzas for bitcoin. It was fate.
He downloaded Anypay, set some addresses, and took a payment.
“Cool! That’s it?”
Yeah, that’s everyone’s reaction the first time they use Anypay.
I asked him if we could bring some friends to his restaurant and use bitcoin. He was like, “Yeah!” So a week later, we went to try it out. Bought some spicy chicken wings and a case of cold Guinness beers to go. Tap, tap, tap. Scan, ding, cha-ching! Easy.
Okay, that worked.
He was like, “My cashier can just ring people up like this? On their phones? Okay, that sounds simple enough.”
So I went home, got on Meetup.com, and announced an event for May 22, Bitcoin Pizza Day. Got zero response there. Ha! But fortunately on Facebook, 10 people RSVP’d as Going, and 18 as Maybe. Not bad! But how many would show up?
Turned out to be a really nice day. 86 degrees Fahrenheit at 5pm in Portsmouth. Off I went early to the meetup with Steven so that I could help to train the staff on what was about to go down. People would soon be arriving to buy stuff from the restaurant, and the cashiers needed to know what to do.
I met them all. They were happy to see me. “OH, Albert told us you’d be here!” Two of them stepped up and said, “We need our phones, right?”
Tap, tap, tap. Cha-ching, cha-ching. $1.00 test payment. $0.50 test payment. $0.05 test payment. Okay, I think we got it.
Now for the first order.
“Two large pizzas with extra toppings, that’ll be $42.17. How would you like to pay?”
“Of course!” She smiled and popped open the app she had saved to her home screen. Tap, tap, tap. Ding! Confetti on her screen.
“Okay! That’ll be ready in about ten minutes. I’ll bring it out to you. Do you need some paper plates and napkins?”
Awesome. I was so happy. This was it! Another restaurant taking bitcoin. The real stuff. Directly to the owner. Feels good, man.
In the end, there were ten people who showed up (eleven if you include one couple’s toddler). Here are some pictures and videos of today’s meetup for the history books.
Yes, in the title of this article, I said “Birthday.” Now, most people consider the white paper’s publishing date to be bitcoin’s birthday, but they’re wrong! Bitcoin is not an idea. Bitcoin is money! The white paperconceived bitcoin. The genesis block gave it a heartbeat (every ten minutes). Bitcoin Pizza Day was bitcoin’s journey through the birth canal and out into the real world.
With great love and respect,
Derrick Horton President, Anypay Inc.
P.S. Eight of us paid with BCH today. One person paid with a credit card (we made fun of him). One person (me) paid with BTC. Is it my favorite? No. I did it to honor the business owner’s preference. That’s what he wants, so I gave it to him.
Can you believe some people who live in the same town as this pizza place didn’t come to this event because the business owner doesn’t have a Dash wallet? Wow! Don’t let that be you! You will miss out on the fun.
The fact that we had this party here today and paid in his preferred way gives us credibility. Now when we go to him and ask if he would consider BitcoinSV, he will be listening with both ears because we are already paying customers who can give him something that few others can.
Most people who think they are “in bitcoin” connect a bank account to Coinbase, log into Twitter, and watch the red and green candles take them on emotional rollercoaster rides like pathetic gambling addicts.
Anyone who is worth anything actually uses bitcoin. And if you use bitcoin, you quickly discover what’s good and what’s not. I shouldn’t even be telling you this because so much of bitcoin is an intelligence test to keep stupid people out, but at the risk of alienating myself from the most intelligent among us, here are some links to stuff that I personally have used and really think you ought to know about.
In alphabetical order:
audioB – Discover and share original audio created by independent music producers, podcasters, DJs and more. Reward your favourite artists with micro-payments, powered by Bitcoin SV.
Ark – App and Chrome Extension powered by BitcoinSV that gives you the super power to save stories and articles and cool websites that you love. Imagine if every time you saw an article you liked but didn’t have time to read, you could just save it in your Ark. It then gets posted to the blockchain in its entirety, so even if the website goes down or gets censored, you still have it permanently recorded. Of course, everything is locked up and protected the same way your bitcoin wallet is — with a 12-word backup phrase. Now imagine you are long gone, and your grandchildren want to know what made you such a great person. What was grandpa reading back in 2020? You can hand over your 12-word phrase to anyone you want, and they can see the entire history of everything you ever posted. All the articles you read and liked and wanted to save. Everything.
Baemail – Encrypt emails and apply economics to your inbox. Instead of all emails being free (which, nothing is truly free) — you can attach bitcoin to messages you send to friends. Your inbox can tell people, “Hey, to send George a message and have your email appear at the top of his inbox, you will need to attach $1.28” — Wouldn’t you be a lot more likely to open and read an email if you got paid for your precious time?
bico.media – Upload huge files of any type to the bitcoin blockchain and share them as easily as you do a link. Pictures, audio, video, documents, whatever. This site makes it super easy. Upload, pay some bitcoin, and enjoy your files.
bitpic – An avatar that you post in one place, on bitcoin, and you can use it on all of your web services. It’s like Gravitar, but you own it (with your keys). It’s nice having a profile picture!
bitstagram – A cool, easy place to post and share pictures that you want to save for a long time. Sort of like Instagram, but instead of some faceless corporation owning your pictures once you post them, these pictures are yours. Meaning, they were published and signed using your keys. So you can cryptographically prove ownership. Take your posts and republish them anywhere you please.
Bit.sv – A website that gives you the super power to post text to the bitcoin blockchain. All your posts are signed with your private key. You can show previews of your posts to everyone on the site, reveal the whole thing, or put all or part of it behind a paywall. When you pay to read someone’s content, that is a bitcoin transaction that goes from your wallet to theirs, and it leaves a permanent record of that transaction on the blockchain. Beautiful. Owning your keys means you can always take your content with you with that same 12-word backup phrase you use for your wallet and pop it into any bitcoin client. Amazing.
Coin Dance – The most important bitcoin charts you need to see. All the essentials about BTC, BCH, and BSV. Hash rates, transaction volumes, average fees, etc. Even a brief look at these charts will reveal exciting insights into the past, present, and future of bitcoin.
HandCash – The best Bitcoin wallet. Period. I love to use it. I have used dozens over the years. This one puts them all to shame. You can have a handle, so no more annoying scanning long strings of letters and numbers. Just send $5 to $derrickj and you’re done. Instant confirmation, so you can turn around and spend your money right away. Of course it works even if you only send $0.01. Supports the Anypay Protocol. These guys are the best.
Money Button – Holy hell, this one is amazing. You have no idea. Imagine a button that can appear on any site, and you swipe the button, and it pays. There are even invisible Money Buttons so that when you click the “Like” button on a post, it automatically pays out $0.02 or whatever it costs. For programmers, this is amazing because if you wanted to sell a mug on your website before, you had to take in all kinds of baloney information and have forms and security and make it do all this complicated stuff but now with Money Button, all that is taken care of magically with Bitcoin. You can use this to power all kinds of stuff, like identity verification, and signing into apps like Twetch, where you can use it for your wallet as well. It also supports creating countless Paymails that you can even put on the market for others to buy with Bitcoin!
Planaria – A way to use bitcoin as a computer. I don’t fully understand this one because my IQ just isn’t high enough, but my understanding is that you can write programs and they can be executed by anyone (or anything) interacting with them via bitcoin transactions.
Planaria Corp – A profit-seeking corporation based in New York City that aims to create powerful, simple, and elegant tools for people to use to build on bitcoin. It’s almost like the world has just begun, and man has just invented fire (bitcoin), and Planaria Corp opened up a Home Depot across the street from our caves. Here’s a hammer. Here’s a chainsaw. Here’s some pipes. Here’s some wheels. They have got it all. How do they do it?
Retro Twetch – A proof of concept that you can take the same content on Twetch and apply a new lens on top in order to use a different interface. It’s beautiful and works really well. Sometimes more fun to use than actual Twetch. And created by a super cool and helpful explainer Joshua Henslee. He’s awesome.
sCrypt – Wow so this one is ambitious. sCrypt is a programming language created to make it easy for coders to make cool stuff happen on the bitcoin blockchain. It can take human-readable code and convert it into machine readable code that bitcoin knows how to work with. You can do loops and everything you would expect from a real programming language because bitcoin is Turing complete.
Simply Cash – A terrific wallet that I love to recommend. Simple. It opens right up, and you’re ready to go. Supports Paymail (a way to use a human-readable address rather than a long jumbled up mess of letters and numbers to communicate your bitcoin address.
True Reviews – Imagine if trolls couldn’t leave fake reviews. Yeah. Only verified customers. True Reviews uses cryptographic proofs in bitcoin to link your wallet to your reviews, so businesses can know with certainty that the person leaving a review on their page actually purchased something from their store. Businesses can focus on serving their real customers.
Twetch – One of the coolest and most ambitious products of the new century. Twetch is so much more than a Twitter on the blockchain. Their CEO Josh Petty and his terrific team of badasses have a solid vision and an attitude that matches their die-hard work ethic. They are building the interface to bitcoin. There’s a lot in that sentence, so it will take too long to unpack here, but you definitely want to start down this rabbit hole if you value your future.
WeatherSV – Remember the Ministry of Truth in 1984? They would change information in old newspapers to modify the past. He who controls the past, controls the present. He who controls the present, controls the future. So it goes. But now, with WeatherSV, that would be an impossibility. Because the weather data is stored to an immutable, distributed ledger called bitcoin.
Okay, now keep these to yourself. I don’t want word getting out that I shared them with you. If anyone asks, pretend you discovered them on your own.
“Elaine, breaking up is like knocking over a Coke machine. You can’t do it in one push; you gotta rock it back and forth a few times, and then it goes over.”
Jerry Seinfeld, The Voice
A long-time Anypay user who owns a restaurant sent me an email last night, sounding distressed. His business has been accepting bitcoin for over seven years. Until recent events made meetups impossible, his restaurant was home to the longest continuously running Bitcoin meetup in the world. Countless big names and major players in bitcoin have been his customers. So when his email came to me at 8:15 PM yesterday evening, I knew I had to reply immediately.
“I saw an article saying Anypay is no longer taking Bitcoin?!?! Please get back to me about this.”
Breaking up is hard to do. We said it was over with BTC in February. Then we took BTC back. Now it looks like we are breaking up again. Look, BTC is not marriage material. We had great times, but it is time to face facts: BTC has changed.
“In the information economy, the economy can change as fast as we change our minds.”George Gilder, Life After Google
If you already know why using BTC sucks, you can skip this post. But for those of you who are reading this and thinking, “What the hell?” please read on, or else you will soon be hopelessly lost and confused. You need to know the truth, and I am going to tell you what no one else will.
BTC sucks for merchants
Anypay supports 3 forks of bitcoin:
Bitcoin Satoshi’s Vision (BSV)
Bitcoin Cash (BCH)
Bitcoin Legacy (BTC)
Anypay recommends against using Bitcoin Legacy (BTC) for payments. It is unfair to business owners and an overall bad experience for everyone.
At the time of publishing, the cost to get your bitcoin transaction into the next block is on the Bitcoin Legacy blockchain is 318 sats/byte (roughly $7.50). Let us say you are patient and can wait an extra twenty minutes to an hour, so you include a fee of $5.00.
How long can you wait?
Customers have to pay that extra fee on top no matter the size of their bill.
Even if your customer are only sending you $1.00, they have to pay $1.00 to you, plus $5.00 on top of that to send the transaction. It costs them $6.00 to send you $1.00.
Fine. Now say you wanna spend that $1.00. You can’t. You need at least $5.00 just to spend it. So now what? You can try and spend it by attaching a lower transaction fee, but then you’ll have to wait for it to get confirmed in the blockchain.
There were 80,000 unconfirmed transactions waiting in the BTC mempool earlier this week. Try transacting at a high-traffic time, and your transaction could take hours, days, or never happen and get rejected after waiting all that time. Bitcoin Legacy can only process so many transactions per day. The lower the fee, the longer you wait.
You might say, “Who cares about a five dollar transaction fee? I have a lot more than that.”
Fees, fees, fees
OK. But you have to pay a fee per input! That means if I paid you $25.00 in BTC, it would cost me $25.00 plus $5.00 to get it to you. Then you would have $25.00 in BTC, but you can only spent $20.00 worth because $5.00 gets eaten up in fees.
That is a scenario with one input, one output. What happens when you want to spend multiple outputs?
Instead of a one-time payment of $25.00, I pay for five separate drinks on five separate occasions. Let’s say each drink costs $5.00. I, as the customer, pay a total of $50.00 to transmit $25.00 of value in BTC. (That’s $5.00 for the drink, plus a $5.00 fee on top every time.)
Here’s the kicker: That $25.00 of BTC you have? It’s made up of five different inputs. Uh oh! That means you have to pay a fee on each one. That’s $5.00 per input, so it will cost you $25.00 in fees to spend. You get zero dollars of purchasing power from that $25.00 of BTC! Ouch!
How is it possible that someone spent $50.00 paying you, and you get $0.00?
Clearly, using this coin doesn’t make any sense anymore.
We will keep supporting it, but God, how much longer can we continue to look ourselves in the mirror and pretend this is okay?
Fees on BCH, BSV, and DASH are all less than $0.01. I just checked, and it is currently over 31,279 times more expensive to transact on BTC.
Aaaand it’s gone
If you thought losing your purchasing power was bad, try this on for size: BTC has a feature called “replace by fee” that allows customers to send a bitcoin transaction to a merchant, and then before it is confirmed, they can change the output (“replace”) by supplying a higher fee (“by fee”) and send the bitcoin payment back to themselves! Well that sucks if you are a merchant!
Your cashier thinks the customer paid, but after the customer walks out, he reverses the transaction, leaving you with nothing.
If you owned a bar like this guy and had been accepting BTC for seven years, you would be rightly pissed to learn this information. All that money you think you made, but it is all going to get eaten up by transaction fees? If you are lucky enough to have some value left over after paying fees, your transaction could get stuck in the mempool for hours, days, or may never confirm. Oh, and some of your customers used “replace by fee” to reverse their transactions without you or your staff knowing about it, appearing to pay while actually sending you nothing.
This merchant has countless unspent outputs. When he sends BTC, can you imagine the fee he is going to pay? Bars, like most businesses, receive lots of small dollar value transactions. He may have lots of BTC, but it is made up of tons of small inputs.
With e-currency based on cryptographic proof, without the need to trust a third party middleman, money can be secure and transactions effortless.Satoshi Nakamoto
Miners compete to process transactions, resulting in lower transaction fees.
Lower transaction fees allow for lots of transactions for lower cost to users.
More transactions become possible because miners can choose to mine big blocks. (Put another way, transaction processors can choose to process more transactions.)
More transactions results in more fees to the transaction processors.
More transaction fees attract new transaction processors, giving users more options and lower fees overall.
These are the economic conditions you want. A fixed protocol. Competition among service providers. Freedom to differentiate. A predictable supply of monetary units with a fixed upper limit. Put all this together, and you have the best tool for communicating value among people the world has ever seen.
This week I joined the Punk Rock Libertarians Podcast to give a retrospective on the “activism” I did almost a decade ago. That word, “activism,” is repulsive to me now. Then, it meant I was “doing something.” It probably sounded like a joke to everyone else like it sounds like a joke to me now when others use it to describe their stupid, pointless protests and marches.
Don’t mistake my attitude for bitterness. But I was 21 during the “Victimless Crime Spree.” What were you like when you were 21? I am more mature now, I have learned what works and what doesn’t, and my example shows that civil disobedience is a pretty poor way to truly increase one’s personal freedom.
It’s a long, uncharted slog to the promised land of Ancapistan. In this episode, you get the benefit of learning how you can truly increase freedom in your personal life while minimizing risk. Enjoy!
It’s been long enough, and I have been well-behaved enough, that I got all my charges annulled last year. It cost about $100 to wipe away 16 or so charges because the State of NH was good enough to give me a bulk discount (I’m not kidding).
Today I learned about an old feature in bitcoin that is new again. It is a way of transmitting information across the bitcoin network that is faster, more scalable, more peer-to-peer, and allows for more data to be shared than the traditional method.
According to Ivan from HandCash (“the Bitcoin wallet you can recommend”), Satoshi’s original client included a way to do transactions with another peer via IP, but it was vulnerable to man-in-the-middle attacks and was deleted.
Then bitpay came along and got the Bip70 thing going. That made it possible for wallets and payment processors to do something similar but with greater security. But nobody liked it. It was annoying, and not all wallets supported it, and it’s kind of in use now but not ubiquitous.
Fast forward to today: HandCash and Anypay announce P2P transactions at point of sale! That means your transactions will always be:
Able to include extra information
What kind of extra information? How about stuff like, “Who bought this? What store was this transaction at? What item was purchased?” Stuff like that.