Dec 12, 2021

Instant transfer of Bitcoin makes onboarding easy.


 Every time I onboard a newbie into Bitcoin I wonder how their journey will be.  Will they crash and burn (sell) or be like me and try to buy the dips.  Here was my path.

I first bought #Bitcoin in blind speculation.  Then I believed in it as an investment. Then I believed in it as money. Then it became my primary money. Then I decided to build a business around it. Today I am convinced #Bitcoin is legit --  humanity’s best hope for peace & prosperity. This is because the world is in tough shape right now:  -Unworkable, socialistic economic policies; the march of tyranny; authoritarianism & state violence; inflation & a broken supply chain and job market kaos. 

I onboarded this new newbie onto the Phoenix Wallet because it allows her to have self custody and do Lightning Bitcoin transactions. It was a little hard explaining the 3000 lost sats from what I sent her and the couple of lost sats when she sends it onward. I think having me there to explain the "Restore my wallet", feature by Acinq via entering the 12-words helped. She asked me about word order so I think she was catching on to how important the seed words are. She liked the instant transfer of wealth.  Having a little Bitcoin nest egg helps everyone secure their future.

Nov 8, 2021

Bitcoin -- Pragmatist climb on board

Who would of thought that it would take bitcoin 13 years until the pragmatist would catch on.  Last week I had 2 people (who are smart and rich) phone me. They wanted to talk about bitcoin. I explained how Internet 1.0 allowed information to become easily available. A lot of people, 40 and under, have heard about tor but don't understand why we need it. Then I went on to talk about Internet 2.0 where digital information is hard to duplicate. One person wanted me to talk about Ethereum, but it has more  to do with gambling than a real form of currency. People want to call Ethereum money, but it is like calling the stock market money -- if someone buys your crap then yes it is money. Ethereum has been trying to get the handle defi (decentralize finance), but it is really peer to peer finance. We are so new to crypto that not many are really educated on the subject. 
Thirteen years makes bitcoin a teenager and that is when people start testing their wings. It seems to me, like teenagers, bitcoin is forcing others around them to take action. Bitcoin is the hardest money and it’s going to destroy every other fiat money; even if Raoul Pal thinks Ethereum is better than Bitcoin. Now that Bitcoin is at a all time high most people are giving it a second look. This second look allows people to challenge their presuppositions. I do have my doubts also, however 13 years is a long time. There is a lot of metrics that calm my fears. Bitcoin is more than 10% the value of all the gold in the world. Taproot allows for multi signature wallets to look like regular wallets. The hash rate is over 140 exahash.

Oct 6, 2021

Bitcoin allows us to walk tall.

Your savings beleive it or not affect the way you stand, the way you walk and tone of your voice. In short your physical well-being and self-confidence. A man without savings is always running. He must. He must take the first job offered, or nearly so. He sits nervously on life's chairs because any small emergency throws him into the hands of others. ‘Without savings, a man must be too grateful. Gratitude is a fine thing in its place. But a constant state of gratitude is a hor- rible place in which to live. A man with savings can walk tall. He may appraise opportuni- ties in a relaxed way, have time for judicious estimates and not be rushed by economic necessity. A man with savings can afford to resign from his job, if his principles so dictate, And for this reason he'll never need to do so. A man who ean afford to quit is much more useful to his company, and therefore more promotable. He can afford to give his Company the benefits of his most candid judgments. A man always concerned about necessities, such as food and, rent, can’t afford to think in long-range career terms. He must dart to the most immediate opportunity for ready cash, Without savings, he will spend a lifetime of darting, dodging. A man with savings can afford the wonderful privilage of living generous in family or neighborhood emergencies. He can take a level stare into the eyes of any man, friend, stranger or enemy. It shapes his personality and character. The ability to save has nothing to do with the size of income. Many high-income people who spend it all are on a treadmeill, darting through life like mnnows. “Take waste outof your spending; you'll drive the waste out of your life.” Will Rogers put it this way, “I'd rather have the company of Janitor, living on what he earned last year... than an actor ‘spending what he'll earn next year.” If you don’t need money for college, a home or retirement then save for self-confidence. The state of your savings does have a lot to do with how tall you walk.