Australian Bitcoin Podcast

Episode 19: Dale (@btc_shepherd from www.thebitcoinshepherd.com) on discovering bitcoin, orange pilling no-coiners, badmouthing shitcoins, broken legacy system incentives, and finding purpose.


Listen Later

Thanks to our guest: https://twitter.com/btc_shepherd of https://thebitcoinshepherd.com


Host: https://twitter.com/mission_bitcoin

Sponsored by HardBlock: https://www.hardblock.com.au

Notes

- Dale's personal journey into bitcoin after dabbling in law, real estate, and financial planning

- Learning about money printing, inflation, "intrinsic value", and macroeconomics from the likes of Lyn Alden, Paul Tudor Jones, Raoul Pal, and Simon Dixon

- Understanding the philosophies behind bitcoin (e.g., separating state and money)

- Starting The Bitcoin Shepherd (www.thebitcoinshepherd.com) to help orange pill no-coiners and help them with self-custody

- The importance of understanding the economic, technological, and philosophical reasons for bitcoin

- Needing nuanced and adversarial thinking to check your biases

- Bitcoin's value comes from its utility and monetary properties

- Bitcoin provides full risk with full reward, whereas bonds provide a negative real yield with the full risk of default (i.e., no returns, all risk!)

- Finding a niche in bitcoin education and prioritising quality of life (rather than just mining fiat)

- Writing about bitcoin and badmouthing shitcoins as a journalist for www.cryptonews.com.au

- Working with South Africans to establish geographically distributed multi-signature custody options

- Wrestling with the desire to wear bitcoin merch and talk to everyone about bitcoin while keeping good opsec

- Differences in privacy and security risks between South Africa and Australia

- Using multi-sig, ColdCard decoy pins, and decoy passphrases to improve bitcoin security

- Buying property, bitcoin, and/or bitcoin miners and then using the assets as collateral to buy more bitcoin

- Choosing a vocation/career based on what problems do you want to solve

- Non-fungible tokens (NFTs): benefits for artists, hype cycles, wash trading, scams, and money laundering

- How family and friends have responded to transitioning to a bitcoin evangelical vocation

- Mainstream / corporate media: Bitcoin holders are psychopaths, and if you want to buy a house you should save more fiat, invest in stocks, and leverage more debt

- Lightning Network will cut the lunch of expensive, inefficient, and corruptible intermediaries

- Using demonstrations to orange pill, rather than just explanations (although 'what is money?' and 'fractional reserve banking' are always important topics to discuss)

- 4-year political cycles incentivize manipulation of the money supply

- Legacy media is driven by broken incentives (e.g., being first, being sensational to get clicks, and lazy writing that is derivative of other articles)

- There's a fine line between dispelling FUD and giving it credibility by responding in the first place

- Using memes and calling out absurdity

- Benefits of bitcoin mining (bootstrapping renewable infrastructure, stabilising grid demand, rescuing stranded and otherwise wasted energy)

- Most normies will own or use bitcoin without even realising it (e.g., due to superannuation allocations)

- Things to be bullish about: Lightning adoption; hash rate ATH; nation-state adoption; bitcoin development and mining thriving; bitcoiners are honest, motivated, and innovative; and Jerome Powell and Janet Yellen's recent comments about the US dollar and bitcoin

- Threats to bitcoin: cryptocurrency as a distraction, government over-regulation, and privacy concerns

- Topics that tangent out from bitcoin: low time preference.

...more
View all episodesView all episodes
Download on the App Store

Australian Bitcoin PodcastBy HardBlock


More shows like Australian Bitcoin Podcast

View all
Motley Fool Money by LiSTNR

Motley Fool Money

85 Listeners

TFTC: A Bitcoin Podcast by Marty Bent

TFTC: A Bitcoin Podcast

776 Listeners

The Peter McCormack Show by Peter McCormack

The Peter McCormack Show

2,179 Listeners

Bitcoin Audible by Guy Swann

Bitcoin Audible

430 Listeners

The Bitcoin Standard Podcast by Dr. Saifedean Ammous

The Bitcoin Standard Podcast

431 Listeners

Bitcoin Magazine Podcast by BTC Media

Bitcoin Magazine Podcast

141 Listeners

What Bitcoin Did by Danny Knowles

What Bitcoin Did

265 Listeners

Swan Signal Live - A Bitcoin Show by Swan Bitcoin

Swan Signal Live - A Bitcoin Show

186 Listeners

The "What is Money?" Show by Robert Breedlove

The "What is Money?" Show

665 Listeners

The Bitcoin Matrix by Cedric Youngelman

The Bitcoin Matrix

84 Listeners

The Jack Mallers Show by Jack Mallers

The Jack Mallers Show

124 Listeners

Bitcoin for Millennials by Bram Kanstein

Bitcoin for Millennials

24 Listeners

Simply Bitcoin by Simply Bitcoin

Simply Bitcoin

104 Listeners

THE Bitcoin Podcast by Walker America

THE Bitcoin Podcast

46 Listeners

UNEMPLOYABLE by Unemployable Media

UNEMPLOYABLE

13 Listeners