2-Bit Idiots

Happy New Year.  Hope you’ve all survived hanging out with your normie family, and that you’re suitably refreshed and ready to smash it in 2022.

If you like hearing us ramble about nothing in particular, this is the show for you!

As well as talking about the disgraceful state Brendo got himself into at New Year, we also talk about:

Orange-pilling another neighbour, learning to follow your gut instincts and where to send people first

Do price drops test your resolve

Why all price predictions, heroes and prophets are very dangerous

Can Apple avoid Bitcoin in 2022

The Bitcoin blockchain (timechain) explained simply

Price versus Hashrate.  What follows what.

USD $7t printed in 2021

Obscene levels of debt in Canada

Why hodling fiat is like being on a treadmill

Why Turkey is the canary in the coal mine

Why gold bugs are 100% right on fiat, and 100% wrong on Bitcoin

Why banks have no money in the vault

Icelandic banks, e-mails from Nigeria and legalised fraud

Real estate agents with whitened teeth

Convincing the masses to do something stupid

Stealing Brendos’ TV

Don’t treat the Stock to Flow model as gospel

Tweet of the Week

We didn’t give this proper credit on the pod, but shout-out to www.twitter.com/bitcoinfox_ for the Bitcoin/Apple logo.

Pod Shout-outs

www.twitter.com/FriarHass

www.twitter.com/coryklippsten

www.twitter.com/dergigi

www.twitter.com/BTCSchellingPt

www.twitter.com/stephanlivera

www.twitter.com/CBO_21

www.twitter.com/stevennelkovski

www.twitter.com/efecini

www.twitter.com/1971Bubble

www.twitter.com/SpencerKSchiff

www.twitter.com/mike_maloney

Contact Us

www.twitter.com/2BitIdiots (here if you’d like to be a Pod guest)

www.twitter.com/BitcoinBrendo

www.twitter.com/StackingHats

Or visit our website:

www.2bitidiots.com 

Thanks for listening, and all the best for 2022.

We lied to you.  We said we would do interview/us/interview/us and it’s been all interviews recently.  It’s hard to say no to people though, and it’s great to get other people’s perspectives to help you refine your own.  We hope you’ve enjoyed them too.

This week, however, it’s back to just the 2 idiots in the garage, with very little preparation, just spit-balling about Bitcoin.  You could say that the lack of preparation was lazy (and you’d be right), but it also means you get our genuine opinions, as we have them, and that’s all too rare in the censored world we live in.  If you like it, great.  If we offend, we’re sorry, that is never the intention.

Anyway, this week’s topics include:

More than 90% of Bitcoin has been mined.

My worse analogy ever...it involves eggs.

Microstrategy having purchased 23% of all newly mined Bitcoin since they entered.

Jack Dorsey’s next moves.

Orange-pilling your 70-year-old gamer neighbour and asking a 95-year-old to have a 5-year plan.

Why you shouldn’t get a haircut and just stack sats.

What makes people willing to hear the Bitcoin story.

NFT’s, and why they are a bullshit sales pitch.

Property is being sold for Bitcoin in Dubai.

Why we are all still shitcoiners.

Tweet of the Week

www.twitter.com/haggishodl for sharing www.storeoftime.com by www.twitter.com/alex_kaul

Pod Shout-outs

www.twitter.com/loishh

www.twitter.com/clarkmoody

www.twitter.com/BitcoinErrorLog

www.twitter.com/BitcoinCityDXB

www.twitter.com/dazbea1

www.twitter.com/NattyHODL

Contact Us

www.twitter.com/2BitIdiots (here if you’d like to be a Pod guest)

www.twitter.com/BitcoinBrendo

www.twitter.com/StackingHats

Or visit our website:

www.2bitidiots.com for links to the pod on your favourite podcast app.

Thanks for listening.

Once you truly see the potential in Bitcoin, you go all in, and don’t look back.

This week, we learn from THE Bitcoin Baseball team’s CBO (Chief Bitcoin Officer) Patrick O’Sullivan, that the first movers are Perth Heat. www.bitcoinperthheat.com

We go right back to the start of Patrick’s Bitcoin story – the first Christmas lunch orange-pilling – all the way to his appointment as CBO, and what that means for the team.

We discuss:

His research, self-directed education and conscious decision to share his knowledge in the most impactful way.

Conversations that started with Steve Nelkovski (CEO) in late 2019, and the work that has gone in since to transition to a Bitcoin standard organisation.  To hold it on the balance sheet, to pay players and staff and have Bitcoin embedded in the stadium (even buying a beer).

The “fun side-project” of becoming a better Bitcoin advocate.

Building the infrastructure to make it possible and using Bitcoin tools to take away the pain points (and costs) of the legacy system.

How it’s easier as a nimble organisation that can start from a blank slate, and how competitive athletes instinctively ‘get it’.

We talk about the streamlining the processes with players (particularly ones that move countries to play), the leadership, the board and future ambitions.

Patrick relates Bitcoin’s proof of work to the energy required of an athlete to be elite.  Will humans continue to unlock energy reserves in the future.  If we do, Bitcoin wins.

The positivity of responses from supporters, players, the media and other organisations.

How long can Perth Heat’s competitors wait to not adopt a Bitcoin standard.

Custody setup for corporate Bitcoin.

How it feels to be the Chief Bitcoin Officer.

Thanks Patrick.  I’m off to order a hat.

Pod Shout-outs

www.twitter.com/stevennelkovski

www.twitter.com/saylor

www.twitter.com/knutsvanholm

www.twitter.com/OpenNodeCo

www.twitter.com/SwanBitcoin

www.twitter.com/BitcoinerJobs

Contact Us

www.twitter.com/2BitIdiots (here if you’d like to be a Pod guest)

www.twitter.com/BitcoinBrendo

www.twitter.com/StackingHats

Or visit our website:

www.2bitidiots.com for links to the pod on your favourite podcast app.

Thanks for listening.

The weekend was awesome, the audio is appalling.  As I frequently remind him, Brendo is responsible for the audio, so please direct complaints his way.

I’ll not doxx anyone here, but just summarise to say 40-50 bitcoiners rocked up to Murrurundi (rural New South Wales) for the 4th bush bash.  It’s the first time we’ve returned to a town, and we’ll definitely be back.  There are also ‘bashes’ in Beechworth (VIC) and Yeppoon (QLD).  We’d love to see TAS, SA, WA, ACT and NT events as well.

Special mention to @hodloncomrades and @BTCSchellingPt for all the work they put in to make the event such a laid-back success.

Great to meet so many solid bitcoiners, with not a scammer in sight.

On behalf of all attendees, can we also thank the Railway Hotel, Nellie Belle’s, the White Hart Hotel and the locals we had the pleasure of meeting for their fabulous hospitality.

See you next year.

Contact Us

www.twitter.com/2BitIdiots (here if you’d like to be a Pod guest)

www.twitter.com/BitcoinBrendo

www.twitter.com/StackingHats

Or visit our website:

www.2bitidiots.com for links to the pod on your favourite podcast app.

Thanks for listening.

Actually no, that’s not strictly true... Brendo has a troll.  Call us naïve, but what better way to engage than to invite him on the pod.  And it turns out, we all got on well.  Why?  Because we’re all bitcoiners, that’s why.

Frankly, I wish Brendo had got a harder time, but apart from a few sly digs, BowDog let him off easy. 😉

This was a fun one for us.  We spoke about:

How we all come in from different angles (BowDog came the Austrian economics route) but arrive at the same place.

Remembering the time when the Bitcoin epiphany struck?

The sheer volume of information you consume once you start going down the rabbit hole, and how much learning you have to do to find your conviction.

Housing and the generational divide.

Whether normies have to been burnt by shitcoins to learn.

Enjoying the bear markets.

Your Bitcoin being “in a fat man’s closet in New Zealand”

The increase in gaslighting, theatre and apathy everywhere.

Jack Dorsey “stepping away” from Twitter to focus on Bitcoin.

The negatives of hyperbitcoinisation, how frightening the transition might be and how we might reorganise.

The El Salvadoran Bitcoin bond.

Mental health.

Thanks BowDog.  We enjoyed the chat.

Pod Shout-outs

www.twitter.com/aantonop

www.twitter.com/GhostofSvetski

www.twitter.com/SGBarbour

www.twitter.com/econoalchemist

www.twitter.com/Excellion

www.twitter.com/mike_maloney

www.twitter.com/upstreamdatainc

www.twitter.com/walletofsatoshi

Contact Us

www.twitter.com/2BitIdiots (here if you’d like to be a Pod guest)

www.twitter.com/BitcoinBrendo

www.twitter.com/StackingHats

Or visit our website:

www.2bitidiots.com for links to the pod on your favourite podcast app.

Thanks for listening.

The giants of Bitcoin Australia just keep showing up on the 2-Bit Idiots pod, and there is no better than WizardofAus. I’m also pleased to say it was our first meatspace interview, as Wiz joined us for a BBQ (before the mics were turned on) and whisky (while they were on).

The pod had 2 main topics - Security and the Bitcoin Bush Bash:

Security

Security is a journey. Having Bitcoin is better than not having Bitcoin. You don’t need to be running a 3 of 5 multi-sig, with multiple hardware devices on day 1. You just need to work towards it.

The path a lot of bitcoiners follow is generally:

Bitcoin Bush Bash

www.bitcoinbushbash.info

Next event 4th and 5th December in Murrurundi, NSW. Hope to see you there.

Thanks to www.twitter.com/hodloncomrades for all your efforts here.

We highly recommend you read Wiz’ articles in Citadel21:

www.citadel21.com/not-your-keys-not-your-bitcoin

www.citadel21.com/gather-your-tribe

It was also a name drop fest, so let’s give you links to a few that were discussed during our conversation. If you’re just starting your journey into Bitcoin Twitter, you’d be well advised to follow them all:

Individuals

www.twitter.com/BTCSchellingPt

www.twitter.com/_k3tan

www.twitter.com/mflaxman

www.twitter.com/knutsvanholm

www.twitter.com/ChrisEspley1

www.twitter.com/LynAldenContact

Businesses

OXT - www.twitter.com/oxt_btc

Citadel21 - www.twitter.com/ctdl21

SeedSigner - www.twitter.com/SeedSigner

CASA - www.twitter.com/CasaHODL

Citadel Dispatch - www.twitter.com/citadeldispatch

Monochrome - www.twitter.com/MonochromeAsset

Thanks for listening. More info @ www.2bitidiots.com

Hats and Brendo shoot the shit about all things Bitcoin.  This week we cover:

Elon Musk, THAT Twitter poll, unrealised capital gains and could he be selling stock to buy Bitcoin.  Are FAANG stocks becoming yesterday’s news.

Tim Cook is now holding Bitcoin (and eTh) but Apple has no plans to purchase. We talk about when that will change and whether it’ll be company led, or shareholder forced.

Hats says that Laser Eyes are a shitcoin, and it didn’t go down well.

Why wildly swinging markets are your opportunity, if you put the effort into learning and building your conviction. Hint: www.bitcoin-first.com/learn but why they will decrease over time.

Australian Houses Priced in Bitcoin. You think the value of your house is going up, @hodloncomrades proves you wrong (even when property prices in Noosa are rising $6000 per week).

Why you need to find a Bitcoin maxi and hold on to them tight.

Why you need to be buying on Lolli and paying with your Fold card.

“Zimbabwe government consulting private sector on legalising Bitcoin”.

Why the next great meme is the domino meme with flags instead of dominos.

We talk about the terrible ‘official’ 6.2% CPI rate out of the US and why it’s way worse than that. Just look at the increase in Disney and Netflix subscriptions.  Biden is even trying to say that the money printer on steroids will correct the inflations problems (it won’t).

Tweet of the Week

www.twitter.com/Wicht10

Pod Shout-outs

www.twitter.com/desperateSia (Found a Guide)

www.twitter.com/KatieTheRussian (Was the Guide)

www.twitter.com/BitarooExchange (Australia’s Best)

www.twitter.com/hodloncomrades (House Price Myth Buster)

www.twitter.com/CryptoCloaks (Not Pomp)

www.twitter.com/MattSenter (Lolli not Jolli)

www.twitter.com/StarfuryFlames (GIF Artist)

www.twitter.com/BVBTC (Movie Maker)

www.twitter.com/LynAldenContact (CPI Truth-Teller)

www.twitter.com/Wicht10 (Tweet of the Week)

Quick fire pods this week, and this time our guest is @MattSenter, CTO, Co-Founder of Lolli.com and Jason Mamoa lookalike.

Mostly based in North Carolina and launched in 2018, Lolli is a service which requires no technical skills, but allows people to earn Bitcoin rewards whilst shopping online, without having to buy it directly.

Through their browser extensions (Chrome, Firefox, Edge and Safari), iOS app (with Android beta testing shortly) or website, Lolli generates leads for a retailer, for which they receive a commission, and they pass on the lion’s share to the shopper in Bitcoin. The business model does not require them to collect and sell personal information, and the customer can withdraw their rewards (in BTC or USD) once they’ve earned $15.

We speak to Matt about:

Lolli the Business - Being able to demonstrate competent management of customer assets is good from an investment perspective. Launched in a bear market but were still having terrific growth. US only for now, but the next obvious stops would be the English-speaking countries, with the first stop being Canada, subject to regulatory hurdles. 20 remote staff, plus contractors as required.

Lolli Merchants – More than 1000. How they build relationships with retailers. Discuss the little effort required from the retailer “minutes to set up if they are on a supported platform”. The challenges of onboarding larger brands as they are more wary of jumping into Bitcoin and may be pursuing other strategies.

Customers – Estimates 60-70% are first time bitcoiners, and 20-25% are female, goal to educate about “not your keys, not your coins”. All website activity increases when Bitcoin moons. Customers posting screen shots of gains, with some effectively getting their purchases for free.

Thanks Matt.

Mamoa 1 – 0 Culkin

Pod Shout-outs

www.lolli.com

www.twitter.com/IncredibleCulk (Matt Senter lookalike)

www.twitter.com/alexadelman (Lolli CEO)

www.twitter.com/trylolli (Official account)

www.twitter.com/Walmart (Missing out)

Contact Us

www.twitter.com/2BitIdiots (here if you’d like to be a Pod guest)

www.twitter.com/BitcoinBrendo

www.twitter.com/StackingHats

Or visit our website:

www.2bitidiots.com for links to the pod on your favourite podcast app.

Thanks for listening.

When you sit down with a Scotsman to talk Bitcoin, the conversation inevitably turns to freedom.

We start with a shout-out to Haggis’ meatspace mate @anaveragesalmon who helped his transition from “buying Bitcoin to speculate in a myth” to becoming a “freedom coin stacker”.

Haggis tells us how during the first lockdown in Scotland he turned to Bitcoin education (multi-tasking with podcasts and being one of the plebs on Twitter) day and night to learn “what Bitcoin is, what it can do and what it plans to do...and how it’s going to change the world...because the only two finite things are time and Bitcoin”.  During that time, he realised he had to get his savings into a safer store of value.

We discuss how The Bitcoin Standard gives you a whole new understanding of what money is, and how most of us have never really had to consider if the current system is fit for purpose.

Haggis highlights the school building program in El Salvador, and how Bitcoin is genuinely saving lives, which makes him see the Bitcoin project and his contribution in a whole new light, and how he enjoys the reactions of friends and family when he tells them these stories.

We talk orange-pilling your friends and how good it makes you feel to know you’re protecting them, when you’ve done the work and they trust your opinion, and how having 2 people helps you convince others.

We talk Scottish football (soccer) and how putting a little Bitcoin on the balance sheet of your local sports team or club could level the playing field or even change balances of power completely, or at the very least ensure survival. We even see the Bitcoin virus infect PSV Eindhoven, Watford and Southampton.

We delve into the thorny issues of politics, political oppression, Brexit and Scottish independence, but Haggis tells us he’s come to realise that politics in general is all just theatre and that the idea of a nation state is just that, an idea.

Was great to outnumber Brendo. Thanks Haggis.

Australia 1 – 2 Scotland 😉

Pod Shout-outs

www.twitter.com/anaveragesalmon (Twitter Orange-Piller)

www.twitter.com/TFTC21 (Top Podcast)

www.twitter.com/TheGuySwann (Bitcoin Educator)

The Bitcoin Standard https://amzn.to/3Azt1YE (Saifedean Ammous)

www.twitter.com/frankiemacd (Funny Man)

www.twitter.com/CormackDavie (Aberdeen FC)

www.twitter.com/PricedinBTC (Bitcoin Stats)

Contact Us

www.twitter.com/2BitIdiots (here if you’d like to be a Pod guest)

www.twitter.com/BitcoinBrendo

www.twitter.com/StackingHats

www.bitidiots.com

We have a couple of guests over the weekend, so thought we’d squeeze in an extra ‘Hats and Brendo’ episode for you.

We riff on:

The Commonwealth Bank (Australia’s biggest bank with 15.9 million customers) announcing they are adding ‘digital assets’ to their banking app, and why that’s a good and a bad thing.

Why no one likes a guy without a cake.

Coinbase adding up to $1m Bitcoin collateralised loans.  We discuss why that brings the Michael Saylor speculative attack opportunity to everyone.

Why fiat currency exchange is now dead in a world with Bitcoin.

Why the greatest act of charity you can perform is dying with your Bitcoin.

How many coins have been lost or haven’t moved in years.

Why you shouldn’t wish your life away, and why slow adoption of Bitcoin is far better (but won’t be what happens).

Hats analogy: Why buying Bitcoin now is saving you from going down on the Titanic.

Tweets of the Week

Brandon Quittem and Ryan DeLongpre

Links below.

Pod Shout-outs

www.twitter.com/hodlhodl (Global P2P Bitcoin Trading & Lending)

www.twitter.com/bluewalletio (Bitcoin & Lightning Wallet)

www.twitter.com/THNDRGAMES (Bitcoin Bounce Game)

www.twitter.com/fold_app (Bitcoin Reward App & Card)

www.twitter.com/Bquittem (Bitcoin is the Mycelium of Money, BrandonQuittem.com)

www.twitter.com/RyanDelongpre (Top Tweeter)

Contact Us

www.twitter.com/2BitIdiots (here if you’d like to be a Pod guest)

www.twitter.com/BitcoinBrendo

www.twitter.com/StackingHats

Or visit our website:

www.2bitidiots.com for links to the pod on your favourite podcast app.

Thanks for listening.