Bitcoin for Millennials

By Bram KansteinTechnology

Bitcoin for Millennials episodes

April 02, 2024 Jesse Berger: Bankers don't understand Bitcoin - BFM035
Jesse Berger is the author of Magic Internet Money: A Book About Bitcoin, which he self-published in 2020. He previously spent over a decade working with large financial institutions in Canada as a banker, investment advisor, and market research consultant, where he observed first-hand the perils of central banking and fiat currency. Today, he is an independent consultant based in Toronto focused on Bitcoin adoption and education.
→ Follow Jesse on https://twitter.com/jayberjay
→ Jesse’s book on Amazon: https://www.amazon.com/Magic-Internet-Money-About-Bitcoin/dp/1777128404
🔔 Subscribe to never miss an upcoming episode of Bitcoin for Millennials,
→ YouTube: ⁠⁠https://youtube.com/@bramk⁠⁠
→ Follow Bram on ⁠⁠https://x.com/bramk
Timestamps
00:00 - Introduction and Background
01:57 - Questioning the Fiat Money System
02:55 - Exploring the Rabbit Hole of Money
05:22 - Working in Traditional Finance
07:00 - Realizing the Flaws in the Financial System
08:08 - Transitioning to Bitcoin
08:58 - Missed Opportunity in 2010
10:57 - Rediscovering Bitcoin in 2017
13:11 - Understanding the Benefits of Bitcoin
15:35 - Challenges in Recognizing the Flaws of Fiat Money
20:45 - Overcoming Trust and Self-Doubt
24:49 - Inspiration to Write a Book
30:13 - Explaining the Concept of Money
35:16 - Creating a Mindset Shift
44:20 - The Need for Transparent and Fair Money
45:20 - Following Rules Instead of Rulers
46:42 - Bitcoin's Gravity and Attracting Value
48:36 - Challenges in Explaining Bitcoin in Plain Language
50:21 - The Misconception of Bitcoin's Complexity
56:26 - The Importance of Time in Bitcoin
59:31 - The Future with Bitcoin
01:04:29 - The Core Belief of Personal Empowerment
1 hr 8 min
March 26, 2024 Julian Liniger: Studying Bitcoin will improve your life - BFM034
Julian Liniger is the CEO and co-founder of the Swiss Bitcoin-only platform Relai. After a Bachelor's in Psychology and a Master's in Business Administration, he worked in Banking and Management Consulting. Julian co-founded several companies, including Switzerland’s leading Blockchain training course for the financial industry. As Relai is one of the biggest European on-ramps to Bitcoin, I am excited to talk with him today and talk about the future of Bitcoin in Europe.
→ Follow Julian on https://x.com/julian_liniger
→ Relai’s website: https://relai.app
🔔 Subscribe to never miss an upcoming episode of Bitcoin for Millennials,
→ YouTube: ⁠⁠https://youtube.com/@bramk⁠⁠
→ Follow Bram on ⁠⁠https://x.com/bramk
Timestamps
00:00 - Introduction and Background
02:54 - Explaining Bitcoin to Millennials
10:59 - The Future of Bitcoin and Generational Shifts
23:05 - Initial Doubts and Belief in Bitcoin
28:53 - The Importance of Verifying Bitcoin
32:45 - The Challenge of Trusting Institutions
35:08 - The Slow Adoption of New Paradigms
39:46 - Misunderstanding about Bitcoin: Energy Consumption
46:17 - The Future of Bitcoin in Europe
49:54 - Starting a Company in the Bitcoin Space
53:03 - Adoption and Trends in Europe
56:19 - The Impact of Regulation on the Bitcoin Industry
01:01:52 - Advice for Millennials Exploring Bitcoin
01:04:07 - Core Belief: Human Beings as Problem Solvers
1 hr 8 min
March 21, 2024 Eric V Stacks: On being a Bitcoin maximalist - BFM033
Eric V Stacks is back for another appearance! After a wonderful first conversation (Ep. 023), and meeting in real life in Madeira, we recorded another conversation where we explored: the Bitcoin Atlantis conference, banning by governments, how Bitcoin improves our lives, what to do when the price drops, the discovery of incorruptibility in Bitcoin, being cheerful and constructive in spreading Bitcoin awareness, how broken money leads to perverse incentives in food and pharma, and more!
→ Follow Eric on https://x.com/EricVStacks
Timestamps
00:00 - Introduction and the Power of Bitcoin Community
05:57 - The Energy and Impact of Bitcoin Conferences
09:46 - Will Bitcoin be Banned or Confiscated by Governments?
23:58 - The Fragility of the Fiat System and the Potential Threat to Bitcoin
28:02 - The Inevitable Rise of Bitcoin and the Role of Financial Institutions
33:09 - Larry Fink and his Business Strategy
35:09 - Bitcoin Solving Inherent Human Corruptibility
39:06 - The Value of Following the Rules in Bitcoin
42:08 - Celebrating Bitcoin Price Drops
46:20 - Staying Stuck in Clown World
47:00 - Being Cheerful and Constructive in Spreading Bitcoin Awareness
51:43 - Bitcoin as a Solution for Everyone
58:34 - Regulating Bitcoin and the Lessons from the Cannabis Industry
01:07:19 - The Excitement and Optimism of Being a Bitcoin Maximalist
01:10:17 - Trading Shitcoins vs. HODLing Bitcoin
01:13:49 - The Nihilistic World vs. the Optimistic World
01:17:43 - The Flawed Value Proposition of Shitcoins
01:27:39 - Flawed Premise and Navigating SEC Rules
01:29:18 - Broken Incentives in Food and Medicine
01:50:47 - Synergy Between Bitcoin and Cannabis
🔔 Subscribe to never miss an upcoming episode of Bitcoin for Millennials,
→ YouTube: ⁠⁠https://youtube.com/@bramk⁠⁠
→ Follow Bram on ⁠⁠https://x.com/bramk
1 hr 59 min
March 18, 2024 Dennis Porter: Bitcoin laws drive energy innovation - BFM032
Dennis Porter is the co-founder and CEO of Satoshi Action Fund. A non-profit educational organization dedicated to informing policymakers and regulators about Bitcoin Mining, education, investment, and innovation in the United States. He has already gotten two bills into law, orange-pilled a few states, and is on his way to many more. Dennis is a true Bitcoin advocate and political strategist who is highly dedicated to protecting and defending Bitcoiners and the Bitcoin industry in the United States. I hope you enjoy this episode!
→ Follow Denis on https://twitter.com/Dennis_Porter_
→ Learn about Satoshi Action Fund: https://www.satoshiaction.io
🔔 Subscribe to never miss an upcoming episode of Bitcoin for Millennials,
→ YouTube: ⁠⁠https://youtube.com/@bramk⁠⁠
→ Follow Bram on ⁠⁠https://x.com/bramk
Timestamps
00:00 - Introduction and Background
02:10 - Discovering Bitcoin and Journey of Understanding
09:05 - Using State Laws to Protect Bitcoin Rights
11:46 - Lessons from the Cannabis Industry
13:22 - Unlearning Misconceptions about Money and Energy
22:48 - Dedicating Life to Bitcoin Advocacy
28:18 - Educating Lawmakers and Regulators
33:37 - Essential Policy Changes and Customization
35:36 - Evolution of Bitcoin Regulation in the US
37:39 - The Importance of Curtailment Data and Grid Balancing
39:17 - Bitcoin Miners' Role in Emergency Grid Situations
40:45 - Bitcoin Miners Balancing the Grid in Texas
42:27 - Bitcoin Mining and Energy Consumption
43:26 - Bitcoin Mining and Methane Emissions
45:38 - Bitcoin Mining and Renewable Energy
47:31 - The Need for Energy Abundance and Nuclear Power
57:36 - Making the United States the Best Place for Bitcoiners
01:00:50 - Measuring Success and Fundraising for Satoshi Action
01:06:54 - Core Belief: Money that Doesn't Allow Discrimination
1 hr 11 min
March 12, 2024 Lawrence Lepard: The riskiest allocation to Bitcoin is ZERO - BFM031
Lawrence (Larry) Lepard is a career investment manager who focuses on sound money and manages funds related to gold, silver, and Bitcoin. He is known for sharing his views on the state of the global financial system, inflation, and the need for sound investments to protect against currency debasement. His ideas and explanations around these topics have helped me immensely in my learning journey about finance, so I am grateful to record this episode with him. I hope you enjoy it!
→ Follow Lawrence on https://x.com/LawrenceLepard
🔔 Subscribe to never miss an upcoming episode of Bitcoin for Millennials,
→ YouTube: ⁠⁠https://youtube.com/@bramk⁠⁠
→ Follow Bram on ⁠⁠https://x.com/bramk
Timestamps
00:00 - Introduction and Gratitude
01:14 - Bitcoin Atlantis and Takeaways
04:11 - Inflation as a Silent Form of Theft
06:09 - The Impact of Unsound Money on Society
07:37 - The Growing Awareness of Unsound Money
09:16 - The Flaw in the Keynesian Model
12:38 - The Debt Crisis and the Inevitable Blowup
14:04 - The Concept of Inflation and Value
15:37 - The Fallacy of Influencing Human Behavior
21:54 - The Severe Debt Crisis and the Need for Sound Money
25:24 - The Historical Perspective of Sound Money
27:19 - The Absurdity of Rising Prices and the Need for Efficiency
29:18 - The Role of Government in a Sound Money System
31:43 - The Potential Benefits of Sound Money
32:37 - Understanding Sound Money
34:03 - The Role of Government and Taxes
35:05 - Inflation as a Hidden Tax
36:21 - The Growing Wealth Disparity
37:08 - The Importance of Adding Value
39:11 - Bitcoin as a Solution
43:21 - Defining Wealth and Its Importance
45:30 - The Personal Journey to Understanding Bitcoin
48:10 - Bitcoin as a Test of Humility
54:22 - The Experiment of Bitcoin
59:47 - Understanding Bitcoin's Volatility
01:03:27 - Allocating Investments in Bitcoin
01:04:30 - Bitcoin as an Invention and Digital Scarcity
01:07:13 - Bitcoin as Digital Gold
01:09:09 - Bitcoin as a Hedge Against Monetary Debasement
01:12:00 - The Asymmetric Bet of Bitcoin
01:14:10 - The Risk of Losing Faith in Bitcoin
01:16:08 - Bitcoin's Potential to Replace Fiat Currencies
01:19:59 - The Importance of Buying Bitcoin
01:23:05 - The Invention of Digital Scarcity
01:26:31 - The Timeline for Bitcoin's Adoption
01:30:01 - The Inevitability of Hyperinflation
01:32:02 - Core Belief in Optimism and the Goodness of Humanity
1 hr 35 min
March 05, 2024 Lisa Hough: Bitcoin will revolutionize the energy sector - BFM030
Lisa Hough is VP of Strategic Relationships at Custodia Bank. Her extensive knowledge of Bitcoin mining and leadership qualities have earned her the respect of fellow professionals in the field, and she was recently acknowledged as a leader in Bitcoin by FORBES. With a background as a Commodities Trader, Lisa brings a unique perspective and expertise that drives the convergence of Energy and Bitcoin. She is, finally, the first female Bitcoiner on this show! I hope you enjoy this episode!
→ Follow Lisa on https://x.com/lisa_hough_
🔔 Subscribe to never miss an upcoming episode of Bitcoin for Millennials,
→ YouTube: ⁠⁠https://youtube.com/@bramk⁠⁠
→ Follow Bram on ⁠⁠https://x.com/bramk
Timestamps
00:00 - Introduction and Background
01:00 - Understanding Bitcoin Across Generations
03:13 - The Perspective of an Almost 90-Year-Old Woman
05:25 - The Need for Change and Pain as a Catalyst
06:19 - The Influence of Personal Experiences on Understanding Money and Risk
09:59 - The Impact of Education and Challenging Conventional Wisdom
12:53 - The Aha Moment and Influential Figures
15:33 - The Journey Down the Bitcoin Rabbit Hole
16:30 - Overcoming Initial Resistance to Bitcoin
18:46 - Thinking for Yourself and Taking Responsibility
20:21 - The Value of Learning and Curiosity
22:41 - The Challenge of Deferring Responsibility
24:36 - Encouraging Independent Thinking in Children
26:19 - The Importance of Purpose and Community in Bitcoin
29:49 - The Entertaining and Educational Nature of Bitcoin
33:13 - The Impact of Bitcoin on Personal Life
36:20 - The Value Alignment and Purpose in the Bitcoin Community
40:37 - The Educational and Innovation Potential of Bitcoin in the Energy Sector
43:32 - The Significance of Bitcoin in Energy Production and National Security
44:17 - The Potential of Bitcoin for Energy Companies
45:01 - Optimizing Business Models with Bitcoin
46:22 - The Simplicity of Bitcoin's Benefits
47:20 - Changing Perceptions of Bitcoin in the Energy Community
48:46 - Bitcoin as a Tool for Monetizing Energy
50:40 - The Role of Energy Companies in Bitcoin Mining
51:00 - Bitcoin's Potential for Energy Companies' ROI
52:49 - Bitcoin's Impact on Energy Infrastructure
54:31 - Bitcoin Mining and Flared Gas Reduction
56:22 - The Operational Efficiency of Continuous Energy Use
59:53 - The Role of Regulation and Policy in Bitcoin Adoption
01:00:06 - Texas' Support for Bitcoin and Energy Innovation
01:02:46 - Bitcoin as a Competitive Factor for States
01:04:08 - Global Game Theory and Bitcoin Adoption
01:11:29 - Excitement for Bitcoin's Future
01:15:13 - The Core Belief of Serving Others
1 hr 18 min
February 27, 2024 Bob Burnett: Becoming a citizen of Bitcoin - BFM029
ℹ️ Apologies for my bad sound. I made a rookie mic mistake. It's fixed about 50m in, but Bob's sound is perfect and he is a joy to listen to :) hope you enjoy it!

Bob Burnett has founded several companies in the Bitcoin mining space and is currently the Founding CEO of Barefoot Mining, a company that develops Bitcoin mining sites. He holds a degree in Computer Engineering, has 8 patents, and over 35 years of experience in the technology industry. He also founded and manages the Barefoot Bitcoin Fund, serves on the board of directors for Ocean Mining, and is on the board of advisors for the Satoshi Action Fund. As an evangelist and educator on Bitcoin, Bob is sure about its importance for the world’s future. I hope you enjoy this episode!
→ Follow Bobon https://x.com/boomer_btc
→ Barefoot Mining: https://www.barefootmining.com
🔔 Subscribe to never miss an upcoming episode of Bitcoin for Millennials,
→ YouTube: ⁠⁠https://youtube.com/@bramk⁠⁠
→ Follow Bram on ⁠⁠https://x.com/bramk
Timestamps
00:00 - Introduction
01:21 - Bob's Journey in Understanding Bitcoin
03:13 - Challenges with Traditional Financial Advisors
05:03 - Discovering Austrian Economics
06:35 - The Importance of Letting the Economy Be
09:06 - Transitioning from Ethereum to Bitcoin
10:24 - Protecting the Value of Work
13:19 - The Excitement and World-Changing Implications of Bitcoin
16:04 - Questioning Traditional Assets
19:08 - Challenging Personal Beliefs
21:28 - The Resonance of Bitcoin with Austrian Principles
23:23 - The Difficulty of Letting Go of Previous Investments
25:15 - The Ethos of Bitcoin
28:21 - The Connection and Unity Among Bitcoiners
30:02 - Bitcoin as the Second Most Important Thing in Life
32:16 - The Dangers of Going Public
36:31 - The Citizenship of Bitcoin
38:47 - The Unique Community and Ethos of Bitcoin
40:05 - The Mutually Beneficial Game of Bitcoin
42:02 - The Base Layer of Agreements in Bitcoin
42:47 - The Resilience and Trust in Bitcoin
43:20 - The Importance of Discussion and Collaboration in Bitcoin
44:44 - Bitcoin-Friendly Legislation and the Tension Between States and the Federal Government
49:31 - The Challenges of Legislation and Regulation in Bitcoin Mining
55:09 - The Environmental Concerns and Energy Usage in Bitcoin Mining
58:50 - The Triffin Dilemma and the Decline of the US Dollar
01:13:36 - The Impact of the Broken Monetary System on Daily Life
01:27:38 - The Life-Changing Impact of Bitcoin and the Broken Money System
1 hr 30 min
February 22, 2024 Jeff Booth: Why Bitcoin is bigger than you think - BFM028
I am delighted to welcome Jeff Booth back for another recording! Jeff Booth is an entrepreneur, investor, and thought leader who has navigated the intersections of technology and economics for decades. He already shared some great insights in episode 10, and today we dive into a thought-provoking piece of his, called 'The Greatest Game’. A compelling narrative that challenged my perceptions of economic systems, the intrinsic value of Bitcoin, and the transformative power of technology.
→ ‘The Greatest Game’ article: https://medium.com/the-bitcoin-times/the-greatest-game-b787ac3242b2
→ Follow Jeff on https://x.com/jeffbooth
→ Jeff’s website: https://jeffbooth.ca
→ Jeff’s book ‘The Price of Tomorrow’: https://www.amazon.nl/Price-Tomorrow-Deflation-Abundant-Future/dp/19992574
🔔 Subscribe to never miss an upcoming episode of Bitcoin for Millennials,
→ YouTube: ⁠⁠https://youtube.com/@bramk⁠⁠
→ Follow Bram on ⁠⁠https://x.com/bramk
Timestamps
00:00 - Introduction and Background
01:45 - Bitcoin as a New Model in the Financial World
05:24 - The Personal Journey and Paradigm Shift
13:56 - Creative Destruction and Bitcoin's Role
16:23 - Bitcoin as a Protocol
18:11 - Entrepreneurs and Bitcoin Adoption
21:36 - Bitcoin as a New Paradigm
26:34 - The Necessity of Failure and Bitcoin's Role
35:19 - Technological Advancement and Inflationary Monetary
39:42 - Bitcoin as a Solution to Deflationary Technological Progress
42:42 - The Power of Technology and Communication
43:17 - The Importance of Individual Belief Systems
45:05 - Taking Personal Responsibility for Change
47:47 - Inspiring Change Through Positive Influence
49:45 - The Transition to a New System
51:07 - The Impact of Digital Scarcity on Economics
52:30 - Abundance and Scarcity in the Current System
55:06 - The Centralization of Power and Money
56:46 - The Role of Individuals within Large Organizations
59:02 - The Journey Towards Bitcoin Adoption
59:57 - The Potential of Bitcoin as a Global Reserve Currency
01:03:47 - Overcoming Misconceptions and Resistance
01:06:01 - The Journey Towards a New System
1 hr 10 min
February 20, 2024 Zach Herbert: Take control over your money and life - BFM027
Zach Herbert is Co-founder and CEO of Foundation Devices, a company building Bitcoin-centric and open-source tools that empower you to reclaim your digital sovereignty. We discuss the significance of Bitcoin and the crucial role of self-custody, the concepts of sovereignty and freedom, how Bitcoin is infiltrating Wall Street, why Bitcoin particularly strikes a chord with millennials, given our technological upbringing and disillusionment with the traditional financial systems, and share the enjoyment of observing Bitcoin's unfolding journey.
→ Follow Zach on https://x.com/zachherbert
→ Foundation website: https://foundationdevices.com
🔔 Subscribe to never miss an upcoming episode of Bitcoin for Millennials,
→ YouTube: ⁠⁠https://youtube.com/@bramk⁠⁠
→ Follow Bram on ⁠⁠https://x.com/bramk
Timestamps
00:00 - Introduction and Background
01:04 - Discovering Bitcoin and Initial Misunderstandings
04:21 - Understanding Sovereignty and Freedom
07:47 - Challenges of Self-Custody and Education
09:43 - The Rise of Bitcoin ETFs
13:00 - Educating People about Self-Custody
16:00 - The Impact of ETFs on Bitcoin Adoption
17:27 - Understanding Bitcoin from Technical to Philosophical
20:16 - Bitcoin's Resonance with Millennials
23:46 - Institutional Adoption and Self-Custody
27:37 - Bitcoin as a Response to Mistrust and Resentment
30:56 - The Entertainment and Pleasure of Bitcoin's Journey
38:29 - The Low Time Preference and Volatility of Bitcoin
41:18 - The Difficulty of Getting Millennials into Bitcoin
43:11 - The Personal Journey of Understanding Bitcoin
45:08 - Bitcoin as a Solution to Financial Challenges
46:02 - The Journey of Orange Pilling Others
48:35 - Building a Bitcoin Hardware Company
53:26 - Creating an Apple-like Ecosystem for Bitcoin
57:31 - The Vision for Foundation Devices
59:24 - Expanding Value-Add Services in the Foundation Ecosystem
01:06:57 - The Softwar Thesis and Bitcoin's Role in Cyberspace
01:11:19 - Debunking the Misconception about Self-Custody
01:13:30 - Core Beliefs: Freedom and Striving for Excellence
1 hr 17 min
February 13, 2024 026 - Erik Cason - Bitcoin for Millennials
Erik Cason is a prominent figure in the world of Bitcoin and a leading voice in the cypherpunk movement, known for his thought-provoking essays on the philosophical aspects of Bitcoin and digital sovereignty. His book, "Cryptosovereignty: The Encrypted Political Philosophy of Bitcoin," encapsulates his transformation from socialism to anarchism and underscores his advocacy for an independent monetary system, emphasizing the transformative potential of cryptography in the realm of Bitcoin.
→ Follow Erik on https://x.com/Erikcason
→ Erik’s book “Cryptosovereignty”: https://www.amazon.com/Cryptosovereignty-Encrypted-Political-Philosophy-Bitcoin/dp/B0CFCW6JJR
🔔 Subscribe to never miss an upcoming episode of Bitcoin for Millennials,
→ YouTube: ⁠⁠https://youtube.com/@bramk⁠⁠
→ Follow Bram on ⁠⁠https://x.com/bramk
Timestamps
00:00 - Introduction
01:12 - The Flaws of the Current Financial System
03:59 - Bitcoin as a Solution
06:05 - Understanding the Global Monetary System
09:28 - From Socialism to Anarchism
12:59 - The Importance of Thinking for Yourself
15:51 - Reaching People Who Understand the Problem
17:19 - The Need for Organized Action
19:38 - The Influence of Fiat Money
23:38 - The Challenge of Confronting Dark Truths
26:27 - The Power of Independent Thinking
30:17 - The Fiat Money System and Cognitive Dissonance
34:26 - The Impact of Fiat Money on Food Systems
38:32 - The Struggle for Truth and Accountability
43:13 - Bitcoin's Contribution to Truth and Accountability
45:29 - The Ethical Nature of Bitcoin
46:10 - Questioning the Current Monetary System
47:09 - Democratic Accountability in Money Creation
48:04 - The Need for Democratic Control of Money
49:21 - The Exploitation of Millennials
50:22 - Using Bitcoin to Fight Back
51:42 - Defaulting on Debt and Starting Anew
53:38 - Realizing the Constructed Nature of the System
54:35 - Moving to a New System
57:29 - The Radical Encounter with Truth
01:00:06 - Rescuing Ourselves from Nihilism
01:05:50 - Bitcoin as a Tool for Transformation
01:08:16 - Bitcoin's Relation to Theological Aspects
01:10:26 - All Roads Lead to Bitcoin
01:13:33 - Defining Anarchy
01:14:21 - The Importance of Truth
1 hr 15 min

About Bitcoin for Millennials

From the publisher's feed

Explore the inner workings of our flawed financial system with Bram Kanstein (https://x.com/@bramk) and his guests. Discover why Bitcoin stands out as the most groundbreaking technological discovery…