Peter Ryan

I joined Emily Jashinsky and @krystalball.bsky.social on Breaking Points to discuss my latest crypto-skeptic essay in
Compact Magazine: Money by Vile Means.

Check out our conversation and read the essay in Compact.

youtu.be/zxukz4elQRs?...

MONEY BY VILE MEANS

Over 10 years in the making and one of Compact's longest essays ever.

This is my definitive deep dive guide to critique Bitcoin.

From libertarian ideal to cynical state capture, I debunk the myths of Bitcoin and reveal its dark reality.

www.compactmag.com/article/mone...

Money by Vile Means Confronting the Reality of Bitcoin [Extended Version]

I’ve just released the extended version of Money by Vile Means clocking in at 30k words compared to 6k in my abridged version.

More data, more quotes, more evidence, and especially more story! There’s over 100 citations and plenty of visuals!

ryanresearch.substack.com/p/money-by-v...

“Stablecoins, the government, and the corporations all win; a shadow central bank conducts shadow money printing to shadow monetize the debt and shadow quantitative ease.”

I wrote the essay

No

Hi I got into bitcoins in 2013. I’ve been part of the community activism, employed as a research analyst at top crypto publication, and consult on it frequently.

The founder of the P2P Foundation, where Satoshi announced his original Bitcoin white paper, had this to say about my essay.

Must read.

Ty

Take seriously someone who writes these two paragraphs in the same article, knowing the history first hand, is really difficult.

I literally understand it. I wrote a 7k essay with extensive footnotes about it.

No I get it. YOU don’t get it. Try reading all 7k words before you comment

Actually it does.

1.) doesn’t negate the differences between gold and software I argued. The technical ability is always there. Nothing is secured by code or math.

2.) In practice, open source mythology doesn’t scale and becomes de facto centralized. I show how your “market” “forking” solution is bunk.

GOAT chat

Lastly, I hope you remembered the “vile” gang ;)

Also, I am releasing a much longer version of this essay on my substack soon. I feature you and Cas in it. That one will have a lot more details and references.

I’ve been bingeing Crypto Critics episodes for 2 months.

Yes. I referenced Coinmonks’ Gerard Martinez’s corroboration analysis replicating their findings.

When you situate it amongst the constellation of evidence from NYAG to conflicts of interest to past fraudulent claims, it bolsters the overall conclusion.

@bft.wtf @cascoinfoundation.org

MONEY BY VILE MEANS

Over 10 years in the making and one of Compact's longest essays ever.

This is my definitive deep dive guide to critique Bitcoin.

From libertarian ideal to cynical state capture, I debunk the myths of Bitcoin and reveal its dark reality.

www.compactmag.com/article/mone...

Woke up today wondering about how LLMs and AI agents are changing Wikipedia – what was once the bastion of crowd sourced, collaborative (human) knowledge creation.

Donald Trump set to open US retirement market to crypto investments President preparing executive order to allow 401k plans to tap broad pool of alternative assets

Trump set to open US retirement market to crypto investments https://on.ft.com/4m5Ebg1

What’s Driving the US Stock Market Growth (or Bloat)? AI Speculation, Defense Welfare, and Poverty Profiteers

NEW ESSAY:

What’s Driving the US Stock Market Growth (or Bloat)?

AI Speculation, Defense Welfare, and Poverty Profiteers.

Learn what’s really going on with the US stock market and check out all the data behind it.

open.substack.com/pub/ryanrese...

He may have single handedly done some of the most epistemological pollution in all of crypto

Nic Carter is one of the most disingenuous people in cryptocurrency, and that’s saying something.

ESSAY:

Ireland's Mamdani Moment:

Discontented Youth Will Decide Ireland's Next Election in 2030

Please read more here:
ryanresearch.substack.com/p/irelands-m...

America favors market based financing structure over a bank based financing structure.

America’s total stock market capitalization is $60 trillion while its total bank credit is $18 trillion.

Germany has a 40% higher bank credit per capita figure than that of the U.S.