Why I Find The Bitcoin Community So Compelling
The Bitcoin community assembles like minded people who hold the values of freedom and sovereignty above all else.Listen To This Episode:AppleSpotifyGoogleLibsynOvercastArt and Bitcoin — both draw in some of the most crea...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
The Bitcoin community assembles like minded people who hold the values of freedom and sovereignty above all else.
Listen To This Episode:
Art and Bitcoin — both draw in some of the most creative minds in the world. I discussed this and more interesting intersections with Bitcoin Magazine’s PhoenixBTC. We touched on how bitcoin affects time preference, and how Bitcoiners can be more receptive to newcomers to the space. Finally, we talked about what Phoenix was excited for going forward in the industry. Be sure to check out the podcast and written interview below.
How were you first introduced to Bitcoin?
In 2012 to 2013, I was visiting a friend that I hadn’t seen in a while. He had moved into a new place and was showing me around. When I noticed a strange computer setup, he said we he was mining “bitcoins.” I asked him what bitcoins were and he said that it was some “internet money” you could use online for stuff. And later explained that he didn’t really know that much about it at the time.
It wasn’t until a few years later that I really started diving in (2017). Another friend apparently was into trading and had this big whiteboard with prices and dates, and a long desk with several laptops and monitors displaying live charts. I had done some investing in the past and so we started talking. He briefly discussed some Bitcoin basics and talked about a few other coins. He was happy to help me set up an account and a wallet and show me how to buy bitcoin for the first time. Since then, I’ve been reading everything I can about Bitcoin as I dive deeper down the rabbit hole.
What's the primary "life lesson" that you have learned from your time in bitcoin?
Value. Bitcoin has taught me to clearly evaluate which things deserve my time, my attention and my money. In a world full of distractions, Bitcoin is clarity. So many things today are demanding our most precious resources undeservingly. Once we truly comprehend the value of our time and our resources, the way to live a happy life becomes more simple.
What aspects of the bitcoin community do you most identify with?
Once I began to understand the basics of Bitcoin, I would have to say that the aspects of a community centered around and driven by freedom, truth and sovereignty are what I most identify with. In fact, it is at the core of my belief in this technology.
How could the bitcoin community do a better job of interacting with new people?
I see a lot of new people who succumb to the hype of altcoins and immediately start dabbling in things they don’t understand. I think we need a better way educate new people so that they make good decisions in the beginning. But I think a good intro would be sharing our own journey into Bitcoin and being open to questions.
What are you most looking forward to in the Bitcoin space?
I’m looking forward to the time when a basic comprehension (at least) of Bitcoin reaches critical mass. But for now, I look forward for the opportunity each day to share with the curious and seeing it “click” for those who are ready.
Price prediction for the end of 2021, and the end of 2030?
My price prediction for the end of 2021 is somewhere around $75,000 on the low and $80,000 for a high. As for the end of 2030, I do believe we will see a price of over $275,000.
Why this matters
This bitcoin story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on Bitcoin MagazineRelated market context
Ethereum Tests 200 Million Gas Limit On Sepolia As Glamsterdam Moves Forward
TL;DR: Ethereum’s Sepolia testnet is testing a 200 million block gas limit as part of work around the Glamsterdam upgrade. The exp...
Tether Celebrates 12 Years, USD₮ Surpasses 700M Users
Key Takeaways: Tether marked the 12th anniversary of the world’s largest stablecoin by market cap, USD₮. The company claims that U...
Europol says quantum computing won’t break Bitcoin, but some wallets are exposed
Quantum computing's threat to Bitcoin highlights the need for proactive wallet security, shifting responsibility to individual use...
OpenAI math breakthroughs raise ‘bunker mode’ alarm from Bitcoin researcher Justin Drake
OpenAI’s latest advances in mathematics have prompted a leading Ethereum researcher to warn that crypto’s core wallet security cou...
XRP Whales Dominate Exchange Outflows as Bitcoin Shorts Rise on Hyperliquid
The contrasting flows highlight a market where some large investors are moving XRP away from exchanges even as leveraged traders p...
OKX Eyes 63 U.S. Stocks in Major Tokenized Trading Expansion
Key Takeaways: OKXICE informed the SEC about its plan to establish an online platform called “Tokenized Securities Venue” that wou...