EP98: Weekend at Bernie's

2-Bit Idiots

We’ve always wanted to do an “Orange Pill Live” episode, to test our abilities in answering the questions of a precoiner and to see if (during the course of a podcast) we could convince someone to buy themselves their first Bitcoin.

That was the intention of this episode, but in the time it’s taken us to schedule the pod with Bernie, he’d already got himself off zero!

However, Bernie is Brendo’s mate, so we thought we’d go ahead with the call and press record anyway, and only publish it if we thought it might help someone out there.

It turns out, Bernie has gone from zero to well down the road of hero in 2 short months, but he gave us a great perspective on the issues and questions a new Bitcoiner has right now.

We discuss:

• Bulked-up Brendo

• “Crypto” misconceptions

• What made Bernie take the first step into Bitcoin

• The challenge of buying a home and deposit requirements

• University (HECS) debt indexation

• Lack of government support, lies about inflation, stimulus cheques, UBI and something having changed

• Trying to outrun inflation

• Savings accounts, stocks, risk taking and having a go

• What Bernie did practically when he decided to buy some Bitcoin

• Hot and Cold wallets

• Understanding a non-physical asset

• Personal responsibility, 2FA and key storage

• Steel Seedplates

• Speaking in Bitcoin or Sats

• The gradually then suddenly event horizon

• Volatility, risk taking and bag pumping

• Rewards programmes

• Why does Bitcoin crash and is it a buying opportunity

• Murrurundi golf

Pod Shout-outs

HardBlock

https://www.hardblock.com.au/join/hats

The Bitcoin Adviser (Peter Dunworth)

*** Get your first 3 months free with The Bitcoin Adviser when you use referral code "SECURE" at www.thebitcoinadviser.com/contact

Bitcoin Bush Bash

http://bitcoinbushbash.info/

Contact Us

www.2bitidiots.com