Cody Ellingham | The Transformation of Value

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

🎧 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

Denationalisation of Money.

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

Suitcoiner checking in. Talking with former Bank of Japan Deputy Governor Nakaso about Bitcoin. From a Bitcoin perspective the words that kept coming up when I mentioned it were: "Cody, it's just too volatile!" Of course purchasing power stability is a key part of a currency, whatever school of economics you hail from. You need a stable currency to be able to price contracts and build out supply chains. However we must also recognise that all fiat currencies are engineered to lose value over the long term (and often suddenly in the short term, too). Bitcoiners would say that "volatility is price discovery" and point to the way the number has gone up over the last 16 years to give a hint of what hard money smells like. But what if the truth is somewhere in the middle? The institution of Central Banking has changed in form over the decades, indicating that it is not a static and forever concept. What if a reform takes places where the ability to pull those monetary levers is more and more constrained by a hard money base, such as Bitcoin? What if Bitcoin acts as a forcing function on sovereign currencies? E.g. A great big sword hanging over policy missteps ready to drop? OR does Bitcoin do nothing of the kind? Or does it destroy that system completely? ... I don't know know. Clearly Bitcoin is a better store of value and is the hardest money we know. But what needs to happen for a new economic order to emerge? Is it a case that those innovations of credit lines, financial institutions, and the "suits" are the next logical step? How can the decentralised and self-sovereign properties of Bitcoin be lifted up at the same time as its economic value appreciates? Watch this space!

🎧 Bitcoin Mass Adoption Vs Parallel Resistance | Cody Ellingham https://www.youtube.com/watch?v=QL5zk0GWreg What do we mean when we talk about mass adoption of Bitcoin? Is it even possible? Or is something like parallel resistance more likely? [Other ways to listen](https://www.thetransformationofvalue.com/episodes/bitcoin-mass-adoption-vs-parallel-resistance). https://stacker.news/items/1090854

Photography of unplaces. Hong Kong.

My hippie friends ask, “Why do we need money?” but the real question is, “Who controls the money?”

Photography of unplaces. Hong Kong.

Wellington Street, Hong Kong.

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

🎧 I had an 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. https://www.youtube.com/watch?v=PXfd2iCqbtU

Is It Rational to Hold Bitcoin? With Parker Lewis & Cody Ellingham https://www.youtube.com/watch?v=pNzR6EokmL8 🎧 I talk with Parker Lewis, author of Gradually, Then Suddenly, A Framework for Understanding Bitcoin as Money. Before discovering Bitcoin in 2016, Parker worked deep inside Wall Street’s financial system. We talk about what he witnessed during the 2008 Global Financial Crisis and why he believes Bitcoin is the way out this time. This is a must-watch conversation for anyone serious about understanding the future of money. Parker is now Head of Business Development at Zaprite, where he helps businesses transition to a Bitcoin standard. [Other ways to listen here.](https://www.thetransformationofvalue.com/episodes/is-it-rational-to-hold-bitcoin-with-parker-lewis) https://stacker.news/items/1039888

🎧 I talk with Parker Lewis, author of Gradually, Then Suddenly, A Framework for Understanding Bitcoin as Money. Before discovering Bitcoin in 2016, Parker worked deep inside Wall Street’s financial system. We talk about what he witnessed during the 2008 Global Financial Crisis and why Bitcoin is the way out this time. This is a must-watch conversation for anyone serious about understanding the future of money. Parker is now Head of Business Development at Zaprite, where he helps businesses transition to a Bitcoin standard. https://www.youtube.com/watch?v=pNzR6EokmL8 Other ways to listen: https://www.thetransformationofvalue.com/episodes/is-it-rational-to-hold-bitcoin-with-parker-lewis