2-Bit Idiots StackingHats & BitcoinBrendo

Thanks Idiots



It's been...emotional. Onwards.



#Bitcoin

This is the big one!  



Today, we put some Bitcoin (1,432,047 Satoshis to be precise) in the hands of kids. It’s theirs, they own it, and we don’t have any say in how they save it or spend it.  



I’ll not spoil the results here, but I do have some thankyous to give. 

 

The Artists and their Parents 

Bowdog Jr; Charlotte; Jasper; Evie; Harriet; Niels; Regan; India; Luna; Archer; Sabine; Frankie; Sena; Bellemy; Claudia; Samuel; and, Ava. 

 

The Judges 

Our kids 

 

Those who kindly donated.  

With a special mention to: 

Scott, Mallory and Charlotte from www.shamory.com 

HaggisHodl and AnAverageSalmon whose generosity kicked this off 

 

The Inspiration 

Pixel and Paul 

 

To see the winning entries, go to: 

https://bitcoin-first.com/kids-art-competition/  

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 

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

 

If you’ve not heard Peter Dunworth’s valuation model for Bitcoin (frankly, what are you doing with your life), go back and listen to episodes 70 and 77, but although he’s been spruiking it all over town and asking someone to challenge it, no one has...until now. 

We, completely unfairly invited Pete back on under false pretences and then hit him with “his nemesis waiting in the green room”.  We wanted to see if we could shake his conviction or rattle his composure.  Listen to find out if we could. 

Settle in with a coffee. This is long one.  We discuss: 

 


Exponential rise of Bitcoin and fall of Fiat 


Positioning and wealth preservation 




The distinction between risk and volatility 


Resistance to change 


The opportunity of buying in a SMSF 


The importance of mobile 


Kids with Bitcoin wallets 




Never needing a bank account 


Blackrock, ETF’s and what does Larry Fink 


Liquidity drain 


Client’s will demand Bitcoin exposure from their financial adviser 


Banking restrictions 




Why does the bull run ever stop and the point of no return 


Taking profit, a risk on behaviour 


What happens when AI and the machines start draining liquidity 


Why ransomware only ever wants Bitcoin 


Uber 




ELI5 and ELI2 


The Bitcoin Adviser 


Starved of original thought 


Unit bias 


Moving towards self-actualisation 




Lambos and Yachts 


Holy Moly and It’s a Knockout 


An App Store for Keys 



 

Pod Shout-outs 

https://twitter.com/MichaelDunwort1  

https://twitter.com/wavlake  

https://twitter.com/w_s_bitcoin  

https://twitter.com/luke_broyles  

https://twitter.com/BTCSchellingPt  

https://twitter.com/Meta_Trav  

https://twitter.com/AndyBTCAdviser  

https://twitter.com/JakeBTCAdviser  

https://twitter.com/Rob1Ham  

 

 

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

 

Contact Us 

www.2bitidiots.com 

Jesse (@Jessenostr) is a cafe owner (Rise Mofo in Toukley) and former pastor based on the Central Coast in NSW, Australia. This one was an absolute pleasure to do. I hope you get as much from it as we did. We hope we offend you all at least once. Deal with it, it’s fine. 

 

We discuss: 


Emerging from the Bitcoin wilderness 


Was COVID the orange pill tipping point for learning 


Starting a Central Coast Bitcoin meetup after attending the Newcastle meetup 


I, Pencil 




https://www.youtube.com/watch?v=67tHtpac5ws 




How to orange pill a lady who just popped in for a coffee 


The power of asking a question 


A growth and fixed mindset 


Encouraging effort over success 


Being drawn into Christianity, becoming a pastor and then ultimately disillusioned 


Having everything invested in your religion and losing it all 


The similarities and differences between finding religion and finding Bitcoin 


Don’t Trust, Verify 


Community building in Bitcoin 


The whole is greater than the sum of its parts 


Faith 


Evolutionary science 


The HeartMath Institute 




https://www.heartmath.org/ 




Energy shift in a room 


Brain wallet bitcoiners 


Pure truth 


Accepting Bitcoin in your business and helping others to do the same 


Long-term thinking for the Central Coast 


Paying your staff to learn about Bitcoin 


Bitcoin discounts 


VoltPay 


Freedom 



 

Pod Shout-outs 

https://twitter.com/Talej 

https://twitter.com/MichaelDunwort1 

https://twitter.com/2300btc 

https://twitter.com/_k3tan 

https://twitter.com/HodlersWay 

https://twitter.com/btcmap 

https://twitter.com/VoltPayApp 

https://twitter.com/theamberapp 

https://twitter.com/Nackoo2000 

 

 

Book Recommendations 

Mindset: The New Psychology of Success, by Carol Dweck 

https://amzn.to/3KoE0vH  

 

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

 

Contact Us 

www.2bitidiots.com 

Jeremy Majid is the CEO of the Australian Bitcoin Industry Body www.bitcoinindustrybody.org.au whose mission statement is: 

“To serve as a voice for the Australian Bitcoin Industry. We welcome open and constructive dialogue with Government and Media and are available to assist with any and all Bitcoin related matters.” 

There will be sceptics amongst you (I’m one of them), but not about the intentions of ABIB, more the willingness of government to engage in an honest and sincere dialogue. In this one we discuss the problem and how ABIB can be part of the solution. As always...make your own mind up. 




“Knowing” bitcoiners you’ve never met 


Anger at fiat jobs 


Forex trading, gold, silver and why we're not going back to a gold standard 


Taking control of your finances 


Finding like-minded friends at a Bitcoin meetup 


Product Manager at HardBlock 


Self-taught learning 


Blockchain Australia 


Long-term thinking makes volatility easier to manage 


You don’t need a lot 


Use Bitcoin and testnet 


Price inflation examples 


Changing beliefs 


Survivors guilt 


Feature development at HardBlock 




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




Who is ABIB 


Interacting with AUSTRAC 


Holding 2% of foreign exchange reserves in Bitcoin 


The Moon Landings and conspiracy 


Scams in Bitcoin 


Bitcoin business networking 



 

Pod Shout-outs 

https://twitter.com/AusBTCIndBody 

https://twitter.com/saylor  

https://twitter.com/danWilcz  

https://twitter.com/rusty_twit  

https://twitter.com/JP_Technology  

https://twitter.com/stephanlivera 

https://twitter.com/citadeldispatch 

https://twitter.com/dazbea 

https://twitter.com/PrestonPysh 

https://twitter.com/EthanBitcoin 

https://twitter.com/RobertKennedyJr 

https://twitter.com/OdyseeTeam 

https://twitter.com/BitcoinMoonFund 

https://twitter.com/_k3tan 

 

 

Book Recommendations 

The Bitcoin Standard by Saifedean Ammous 

https://amzn.to/3rJpk3X  

 

Enter or Support the Kids Art Competition 

https://bitcoin-first.com/kids-art-competition/  

At least 1,432,047 sats to be won! 

 

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

 

Contact Us 

www.2bitidiots.com