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
Bitcoin Audible by Guy Swann

Bitcoin Audible

429 Listeners

The Bitcoin Standard Podcast by Dr. Saifedean Ammous

The Bitcoin Standard Podcast

442 Listeners

Stephan Livera Podcast by Stephan Livera

Stephan Livera Podcast

410 Listeners

The Pomp Podcast by Anthony Pompliano

The Pomp Podcast

1,834 Listeners

Bitcoin News Alerts | Daily BTC News by Justin Verrengia

Bitcoin News Alerts | Daily BTC News

602 Listeners

What Bitcoin Did by Danny Knowles

What Bitcoin Did

253 Listeners

Swan Signal Live - A Bitcoin Show by Swan Bitcoin

Swan Signal Live - A Bitcoin Show

178 Listeners

The Bitcoin Matrix by Cedric Youngelman

The Bitcoin Matrix

82 Listeners

The "What is Money?" Show by Robert Breedlove

The "What is Money?" Show

669 Listeners

Coin Stories by Natalie Brunell

Coin Stories

417 Listeners

Simply Bitcoin by Simply Bitcoin

Simply Bitcoin

85 Listeners

THE Bitcoin Podcast by Walker America

THE Bitcoin Podcast

35 Listeners

The Jack Mallers Show by Jack Mallers

The Jack Mallers Show

111 Listeners

Bitcoin for Millennials by Bram Kanstein

Bitcoin for Millennials

20 Listeners

The Bitcoin Frontier by Unchained Capital, Inc

The Bitcoin Frontier

36 Listeners