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This is the big one!
Today, we put some Bitcoin (1,432,047 Satoshis to be precise) in the hands of kids. It’s theirs, they own it, and we don’t have any say in how they save it or spend it.
I’ll not spoil the results here, but I do have some thankyous to give.
The Artists and their Parents
Bowdog Jr; Charlotte; Jasper; Evie; Harriet; Niels; Regan; India; Luna; Archer; Sabine; Frankie; Sena; Bellemy; Claudia; Samuel; and, Ava.
The Judges
Our kids
Those who kindly donated.
With a special mention to:
Scott, Mallory and Charlotte from www.shamory.com
HaggisHodl and AnAverageSalmon whose generosity kicked this off
The Inspiration
Pixel and Paul
To see the winning entries, go to:
https://bitcoin-first.com/kids-art-competition/
We’ve always wanted to do an “Orange Pill Live” episode, to test our abilities in answering the questions of a precoiner and to see if (during the course of a podcast) we could convince someone to buy themselves their first Bitcoin.
That was the intention of this episode, but in the time it’s taken us to schedule the pod with Bernie, he’d already got himself off zero!
However, Bernie is Brendo’s mate, so we thought we’d go ahead with the call and press record anyway, and only publish it if we thought it might help someone out there.
It turns out, Bernie has gone from zero to well down the road of hero in 2 short months, but he gave us a great perspective on the issues and questions a new Bitcoiner has right now.
We discuss:
Bulked-up Brendo
“Crypto” misconceptions
What made Bernie take the first step into Bitcoin
The challenge of buying a home and deposit requirements
University (HECS) debt indexation
Lack of government support, lies about inflation, stimulus cheques, UBI and something having changed
Trying to outrun inflation
Savings accounts, stocks, risk taking and having a go
What Bernie did practically when he decided to buy some Bitcoin
Hot and Cold wallets
Understanding a non-physical asset
Personal responsibility, 2FA and key storage
Steel Seedplates
Speaking in Bitcoin or Sats
The gradually then suddenly event horizon
Volatility, risk taking and bag pumping
Rewards programmes
Why does Bitcoin crash and is it a buying opportunity
Murrurundi golf
Pod Shout-outs
HardBlock
https://www.hardblock.com.au/join/hats
The Bitcoin Adviser (Peter Dunworth)
*** Get your first 3 months free with The Bitcoin Adviser when you use referral code "SECURE" at www.thebitcoinadviser.com/contact
Bitcoin Bush Bash
http://bitcoinbushbash.info/
Contact Us
www.2bitidiots.com
*** Get your first 3 months free with The Bitcoin Adviser when you use referral code "SECURE" at www.thebitcoinadviser.com/contact
If you’ve not heard Peter Dunworth’s valuation model for Bitcoin (frankly, what are you doing with your life), go back and listen to episodes 70 and 77, but although he’s been spruiking it all over town and asking someone to challenge it, no one has...until now.
We, completely unfairly invited Pete back on under false pretences and then hit him with “his nemesis waiting in the green room”. We wanted to see if we could shake his conviction or rattle his composure. Listen to find out if we could.
Settle in with a coffee. This is long one. We discuss:
Exponential rise of Bitcoin and fall of Fiat
Positioning and wealth preservation
The distinction between risk and volatility
Resistance to change
The opportunity of buying in a SMSF
The importance of mobile
Kids with Bitcoin wallets
Never needing a bank account
Blackrock, ETF’s and what does Larry Fink
Liquidity drain
Client’s will demand Bitcoin exposure from their financial adviser
Banking restrictions
Why does the bull run ever stop and the point of no return
Taking profit, a risk on behaviour
What happens when AI and the machines start draining liquidity
Why ransomware only ever wants Bitcoin
Uber
ELI5 and ELI2
The Bitcoin Adviser
Starved of original thought
Unit bias
Moving towards self-actualisation
Lambos and Yachts
Holy Moly and It’s a Knockout
An App Store for Keys
Pod Shout-outs
https://twitter.com/MichaelDunwort1
https://twitter.com/wavlake
https://twitter.com/w_s_bitcoin
https://twitter.com/luke_broyles
https://twitter.com/BTCSchellingPt
https://twitter.com/Meta_Trav
https://twitter.com/AndyBTCAdviser
https://twitter.com/JakeBTCAdviser
https://twitter.com/Rob1Ham
*** Get your first 3 months free with The Bitcoin Adviser when you use referral code "SECURE" at www.thebitcoinadviser.com/contact
Contact Us
www.2bitidiots.com
Jesse (@Jessenostr) is a cafe owner (Rise Mofo in Toukley) and former pastor based on the Central Coast in NSW, Australia. This one was an absolute pleasure to do. I hope you get as much from it as we did. We hope we offend you all at least once. Deal with it, it’s fine.
We discuss:
Emerging from the Bitcoin wilderness
Was COVID the orange pill tipping point for learning
Starting a Central Coast Bitcoin meetup after attending the Newcastle meetup
I, Pencil
https://www.youtube.com/watch?v=67tHtpac5ws
How to orange pill a lady who just popped in for a coffee
The power of asking a question
A growth and fixed mindset
Encouraging effort over success
Being drawn into Christianity, becoming a pastor and then ultimately disillusioned
Having everything invested in your religion and losing it all
The similarities and differences between finding religion and finding Bitcoin
Don’t Trust, Verify
Community building in Bitcoin
The whole is greater than the sum of its parts
Faith
Evolutionary science
The HeartMath Institute
https://www.heartmath.org/
Energy shift in a room
Brain wallet bitcoiners
Pure truth
Accepting Bitcoin in your business and helping others to do the same
Long-term thinking for the Central Coast
Paying your staff to learn about Bitcoin
Bitcoin discounts
VoltPay
Freedom
Pod Shout-outs
https://twitter.com/Talej
https://twitter.com/MichaelDunwort1
https://twitter.com/2300btc
https://twitter.com/_k3tan
https://twitter.com/HodlersWay
https://twitter.com/btcmap
https://twitter.com/VoltPayApp
https://twitter.com/theamberapp
https://twitter.com/Nackoo2000
Book Recommendations
Mindset: The New Psychology of Success, by Carol Dweck
https://amzn.to/3KoE0vH
*** Get your first 3 months free with The Bitcoin Adviser when you use referral code "SECURE" at www.thebitcoinadviser.com/contact
Contact Us
www.2bitidiots.com
Jeremy Majid is the CEO of the Australian Bitcoin Industry Body www.bitcoinindustrybody.org.au whose mission statement is:
“To serve as a voice for the Australian Bitcoin Industry. We welcome open and constructive dialogue with Government and Media and are available to assist with any and all Bitcoin related matters.”
There will be sceptics amongst you (I’m one of them), but not about the intentions of ABIB, more the willingness of government to engage in an honest and sincere dialogue. In this one we discuss the problem and how ABIB can be part of the solution. As always...make your own mind up.
“Knowing” bitcoiners you’ve never met
Anger at fiat jobs
Forex trading, gold, silver and why we're not going back to a gold standard
Taking control of your finances
Finding like-minded friends at a Bitcoin meetup
Product Manager at HardBlock
Self-taught learning
Blockchain Australia
Long-term thinking makes volatility easier to manage
You don’t need a lot
Use Bitcoin and testnet
Price inflation examples
Changing beliefs
Survivors guilt
Feature development at HardBlock
https://www.hardblock.com.au/join/hats
Who is ABIB
Interacting with AUSTRAC
Holding 2% of foreign exchange reserves in Bitcoin
The Moon Landings and conspiracy
Scams in Bitcoin
Bitcoin business networking
Pod Shout-outs
https://twitter.com/AusBTCIndBody
https://twitter.com/saylor
https://twitter.com/danWilcz
https://twitter.com/rusty_twit
https://twitter.com/JP_Technology
https://twitter.com/stephanlivera
https://twitter.com/citadeldispatch
https://twitter.com/dazbea
https://twitter.com/PrestonPysh
https://twitter.com/EthanBitcoin
https://twitter.com/RobertKennedyJr
https://twitter.com/OdyseeTeam
https://twitter.com/BitcoinMoonFund
https://twitter.com/_k3tan
Book Recommendations
The Bitcoin Standard by Saifedean Ammous
https://amzn.to/3rJpk3X
Enter or Support the Kids Art Competition
https://bitcoin-first.com/kids-art-competition/
At least 1,432,047 sats to be won!
*** Get your first 3 months free with The Bitcoin Adviser when you use referral code "SECURE" at www.thebitcoinadviser.com/contact
Contact Us
www.2bitidiots.com
If you don’t know what they are, whatever you do, don’t look it up or listen to this podcast.
There is no one that can segue from high voltage power transmission to upper decker’s and back quite like Daz Bea. Yes, what’s happening in our world right now is damn serious, but we all need to find the fun in it too and that’s why we keep asking Daz onto the pod.
He brings a wealth of knowledge around electricity, net zero targets, issues and opportunities in Australia and beyond, is a founding member of Looking Glass Education, is a proud family man and Queenslander, sings at the weekend and writes books in his ‘spare’ time. I’m tired just reading that!
This time we discuss:
State of Origin
LIV Golf
Family priorities
Twitter v Nostr (particularly Primal)
Protocols v Platforms
Nostr documentary
https://www.youtube.com/watch?v=aA-jiiepOrE
Puppies
Net zero future and 100% renewables
Energy mix, grid stability and Bitcoin mining in Australia and beyond
Understanding at a regulatory and political level
Who pays for the grid
National Electricity Market Data
https://opennem.org.au/
Pumped hydro, solar and hydrogen production efficiency
Being able to argue the counter argument
Electricity transmission and cost
Paid Zoom and AirBNB shitcoiners
Snakes, frogs and spiders
Rural power demands
National grid v Local generation
SWER network and outback Australia
Getting vocal with your MP
Bitcoin Bush Bash, 29-30 July, Palm Cove Surf Club, QLD
Seizing the right opportunity
Pod Shout-outs
@MirbooHodl (Nostr)
https://twitter.com/itsmaxdemarco
https://primal.net/jack
https://primal.net/andi
https://twitter.com/BTCBrisket
https://twitter.com/LookingGlassEdu
https://twitter.com/Croesus_BTC
https://twitter.com/BitcoinAlive
https://twitter.com/roger__9000
https://twitter.com/TboneHODL
https://twitter.com/Bquittem
https://twitter.com/bitcoinbushbash
https://twitter.com/Mtheadventuross
https://twitter.com/Lightsats21
Book Recommendations
B is for Bitcoin, by Daz Bea and Seb Bunney
https://amzn.to/3rw9vgL
Enter or Support the Kids Art Competition
https://bitcoin-first.com/kids-art-competition/
At least 1,432,047 sats to be won!
Contact Us
www.2bitidiots.com
www.breez.technology has been around for a while, and to be honest I didn’t know much about it, so when Ivan reached out to have a chat it seemed like as good a time as any to start learning.
Located in Sofia, Bulgaria, Ivan (@Nackoo2000) is the Chief of Staff (Chief of Stuff) and first non-developer to work for Breez. He’s my favourite type of bitcoiner...the ones that are here for the mission first, knowing the money will take care of itself.
We discuss:
Primal on Nostr (desktop). 100x improvement
Being orange-pilled by your lady
Devoting a holiday to prove her wrong
We’re all on the same team. Love not money
Bitcoiners with conviction are those who first tried to prove it a scam
Bitcoin striking an intense emotional button
The ultimate measuring stick is unit of energy
The challenge of explaining Bitcoin to loved ones
Not asking for permission. Just starting and trying to make an impression
The practicalities of remote working
Being aligned on the mission and genuine care for your colleagues
Bitcoiners coming out of the shadows in Bulgaria
The functionality of Breez and the importance of Lightning as the medium of exchange
Lightning Service Providers
Business and Personal Goals
Custodial versus Non-Custodial and improving reliability
Saving versus Using Bitcoin
Spending Sats creates another node in the network
Instant settlement
Aligning incentives and split payments
Consequences for cheating
Pod Shout-outs
https://twitter.com/Breez_Tech
https://twitter.com/JasonPLowery
https://twitter.com/JeffBooth
https://twitter.com/FossGregfoss
https://twitter.com/natbrunell
https://twitter.com/knutsvanholm
https://twitter.com/fountain_app
https://twitter.com/BullBitcoin_
https://twitter.com/Mtheadventuross
Enter or Support the Kids Art Competition
At least 1,222,047 sats to be won!
Plus, prizes from www.shamory.com
Contact Us
www.2bitidiots.com
Some would call it Karma. The more you try to do good, the more good seeks you out.
We started the Kids Art Competition with a modest 200,000 Satoshi’s to give away and our fingers crossed, but at time of writing, that prize is now 1,222,047 sats. Cool, right (thanks to all the supporters).
We also got an e-mail from Scott and Mallory Sibley, whose daughter Charlotte wanted to enter the competition, and they wanted to add a few prizes as well (if that didn’t disqualify Charlotte!)
They have kindly offered to donate a copy of their books “Goodnight Bitcoin” and “If You Give a Monster a Bitcoin” to the winner of the 0–4-year-old competition, and a copy of their game “SHAmory” to the winners of the other 3 age groups. Plus, there will be a 50% discount at www.shamory.com to all those who enter the competition.
We are very grateful for this kind gesture. So, get creative kids!
We asked them to come on the podcast to tell their story. We discuss:
Pacific Time minimalism
Recognising that Bitcoin families working and learning together is important
Teaching in a fun way
Bringing the skills you have into Bitcoin
Realising that you’re part of something special
Simplifying complex concepts
Satoshi and Hal
Manufacturing a product with no experience
SHAmmy for Africa
Built with Bitcoin
Raising money to build a water well
Finding a Bitcoin designer
Selling bracelets for Satoshis
Pod Shout-outs
https://twitter.com/TheBitcoinConf
https://twitter.com/rjames_BTC
https://twitter.com/builtwithbtc
https://twitter.com/YusufBWB
https://twitter.com/BitcoinerJobs
https://twitter.com/pacificbitcoin
https://twitter.com/BitcoinAlive
https://twitter.com/geyserfund
https://twitter.com/Paulbuybtc
https://twitter.com/PrinceySOV
https://twitter.com/CryptoCloaks
https://twitter.com/BtcPins
Book Recommendations
Goodnight Bitcoin, https://shamory.com/product-category/books/
If You Give a Monster a Bitcoin
Bitcoin Money: A Tale of Bitville Discovering Good Money, https://amzn.to/44BpOr7
Enter or Support the Kids Art Competition
https://bitcoin-first.com/kids-art-competition/
At least 1,222,047 sats to be won!
Contact Us
www.2bitidiots.com
From the publisher's feed