Bitcoin is a clear solution to an unclear problem

[ad_1]

Watch this episode on YouTube

Listen to this episode:

When first explaining Bitcoin to people, it can be difficult to find a place to start. After consuming endless amounts of content dealing with economics, philosophy, and history, there isn’t a single clear place to start. Of course, this helps tailor every intro you present to the person you are introducing to, as with everything. But a key factor in understanding Bitcoin, as Captain Sidd and I discussed in this week’s episode of “Meet The Taco Plebs,” is helping others understand the problems Bitcoin solves. On top of that, we discussed what introduced Sidd to bitcoin, how it changed his life, and his predictions for the future. Be sure to listen to the audio podcast and read our interview below.

What’s your Bitcoin rabbit hole story?

When unanswered questions about modern economic theory collided with my reading of emerging technologies – particularly through a book called “Throwing Rocks At The Google Bus” – the need for Bitcoin and decentralized systems clicked. I fell in love with “crypto” through a fundraising experience for a bitcoin mining farm, where I learned the importance of a rock solid consensus mechanism. Bitcoin has it, others don’t.

How has Bitcoin changed your life?

In two ways: it serves as a simple savings vehicle that has allowed me to focus on generating value, instead of playing for arbitrage opportunities and “quick wins”. Seeing how the “experts” in finance use jargon to obscure the truth, I have grown suspicious of experts and anyone who cannot break down the jargon in their field into simple, easy-to-understand concepts.

Your articles are incredibly straightforward and insightful, and they explain things in a way that bitcoiners and nocoiners can understand. What is your process for creating these articles, and what do you think is the most important thing for someone to understand more about bitcoin?

Thank you! I look for patterns and metaphors that help me summarize complex jargon into simple patterns. What I write is usually something that I have been thinking about for years, with a lot of stops, starts and twists and turns. Writing an article just happens when something clicks in a way that I think others will understand.

What are you looking forward to the most in the Bitcoin space?

Two things: more adoption by nation states and implementation of mining by power producers. Adoption by nation states in itself isn’t that exciting, but I think it will spark conversations and questions at the government level – forcing leaders to publicly answer questions about bitcoin and the monetary system. This will lay bare the madness of what they peddle us.

Price forecast for the end of 2021, and the end of 2030?

2021: less than $ 100,000 because everyone seems to think we’re going to break it!

2030: no figures in mind. While the bull run of 2017 was driven by the desire to get rich, the next nine years will be driven by the desire to avoid poverty as inflation sets in. Bitcoin could be worth $ 1 billion by 2030, but how much will a loaf of bread cost? Not to mention a good steak …

[ad_2]