2-Bit Idiots

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 

If you don’t know what they are, whatever you do, don’t look it up or listen to this podcast.  There is no one that can segue from high voltage power transmission to upper decker’s and back quite like Daz Bea.  Yes, what’s happening in our world right now is damn serious, but we all need to find the fun in it too and that’s why we keep asking Daz onto the pod.  He brings a wealth of knowledge around electricity, net zero targets, issues and opportunities in Australia and beyond, is a founding member of Looking Glass Education, is a proud family man and Queenslander, sings at the weekend and writes books in his ‘spare’ time.  I’m tired just reading that!    This time we discuss:  State of Origin  LIV Golf   Family priorities  Twitter v Nostr (particularly Primal)  Protocols v Platforms  Nostr documentary  https://www.youtube.com/watch?v=aA-jiiepOrE  Puppies  Net zero future and 100% renewables  Energy mix, grid stability and Bitcoin mining in Australia and beyond  Understanding at a regulatory and political level  Who pays for the grid  National Electricity Market Data  https://opennem.org.au/   Pumped hydro, solar and hydrogen production efficiency  Being able to argue the counter argument  Electricity transmission and cost  Paid Zoom and AirBNB shitcoiners  Snakes, frogs and spiders  Rural power demands  National grid v Local generation  SWER network and outback Australia  Getting vocal with your MP  Bitcoin Bush Bash, 29-30 July, Palm Cove Surf Club, QLD  Seizing the right opportunity      Pod Shout-outs  @MirbooHodl (Nostr)  https://twitter.com/itsmaxdemarco   https://primal.net/jack   https://primal.net/andi  https://twitter.com/BTCBrisket   https://twitter.com/LookingGlassEdu  https://twitter.com/Croesus_BTC  https://twitter.com/BitcoinAlive  https://twitter.com/roger__9000   https://twitter.com/TboneHODL  https://twitter.com/Bquittem  https://twitter.com/bitcoinbushbash  https://twitter.com/Mtheadventuross  https://twitter.com/Lightsats21      Book Recommendations  B is for Bitcoin, by Daz Bea and Seb Bunney   https://amzn.to/3rw9vgL     Enter or Support the Kids Art Competition  https://bitcoin-first.com/kids-art-competition/   At least 1,432,047 sats to be won!    Contact Us  www.2bitidiots.com  *** Get your first 3 months free with The Bitcoin Adviser when you use referral code "SECURE" at https://www.thebitcoinadviser.com/contact

www.breez.technology has been around for a while, and to be honest I didn’t know much about it, so when Ivan reached out to have a chat it seemed like as good a time as any to start learning.  Located in Sofia, Bulgaria, Ivan (@Nackoo2000) is the Chief of Staff (Chief of Stuff) and first non-developer to work for Breez. He’s my favourite type of bitcoiner...the ones that are here for the mission first, knowing the money will take care of itself.    We discuss:  Primal on Nostr (desktop). 100x improvement  Being orange-pilled by your lady  Devoting a holiday to prove her wrong  We’re all on the same team. Love not money  Bitcoiners with conviction are those who first tried to prove it a scam  Bitcoin striking an intense emotional button  The ultimate measuring stick is unit of energy  The challenge of explaining Bitcoin to loved ones  Not asking for permission. Just starting and trying to make an impression  The practicalities of remote working  Being aligned on the mission and genuine care for your colleagues  Bitcoiners coming out of the shadows in Bulgaria  The functionality of Breez and the importance of Lightning as the medium of exchange   Lightning Service Providers  Business and Personal Goals  Custodial versus Non-Custodial and improving reliability  Saving versus Using Bitcoin  Spending Sats creates another node in the network  Instant settlement  Aligning incentives and split payments  Consequences for cheating    Pod Shout-outs  https://twitter.com/Breez_Tech   https://twitter.com/JasonPLowery   https://twitter.com/JeffBooth   https://twitter.com/FossGregfoss   https://twitter.com/natbrunell   https://twitter.com/knutsvanholm  https://twitter.com/fountain_app  https://twitter.com/BullBitcoin_  https://twitter.com/Mtheadventuross      Enter or Support the Kids Art Competition  www.bitcoin-first.com/kids-art-competition   At least 1,222,047 sats to be won!  Plus, prizes from www.shamory.com       Contact Us  www.2bitidiots.com 

Some would call it Karma.  The more you try to do good, the more good seeks you out.    We started the Kids Art Competition with a modest 200,000 Satoshi’s to give away and our fingers crossed, but at time of writing, that prize is now 1,222,047 sats. Cool, right (thanks to all the supporters).    We also got an e-mail from Scott and Mallory Sibley, whose daughter Charlotte wanted to enter the competition, and they wanted to add a few prizes as well (if that didn’t disqualify Charlotte!)    They have kindly offered to donate a copy of their books “Goodnight Bitcoin” and “If You Give a Monster a Bitcoin” to the winner of the 0–4-year-old competition, and a copy of their game “SHAmory” to the winners of the other 3 age groups.  Plus, there will be a 50% discount at www.shamory.com to all those who enter the competition.    We are very grateful for this kind gesture.  So, get creative kids!    We asked them to come on the podcast to tell their story.  We discuss:    Pacific Time minimalism  Recognising that Bitcoin families working and learning together is important  Teaching in a fun way  Bringing the skills you have into Bitcoin  Realising that you’re part of something special  Simplifying complex concepts  Satoshi and Hal  Manufacturing a product with no experience  SHAmmy for Africa  Built with Bitcoin  Raising money to build a water well  Finding a Bitcoin designer  Selling bracelets for Satoshis      Pod Shout-outs  https://twitter.com/TheBitcoinConf  https://twitter.com/rjames_BTC   https://twitter.com/builtwithbtc   https://twitter.com/YusufBWB   https://twitter.com/BitcoinerJobs  https://twitter.com/pacificbitcoin   https://twitter.com/BitcoinAlive   https://twitter.com/geyserfund   https://twitter.com/Paulbuybtc   https://twitter.com/PrinceySOV  https://twitter.com/CryptoCloaks   https://twitter.com/BtcPins       Book Recommendations  Goodnight Bitcoin, https://shamory.com/product-category/books/   If You Give a Monster a Bitcoin  Bitcoin Money: A Tale of Bitville Discovering Good Money, https://amzn.to/44BpOr7       Enter or Support the Kids Art Competition  https://bitcoin-first.com/kids-art-competition/   At least 1,222,047 sats to be won!    Contact Us  www.2bitidiots.com 

We start with a quick shill for the Australian Bitcoin Industry Body’s petition for the RBA to hold 2% of assets in Bitcoin. More details at:  https://www.aph.gov.au/e-petitions/petition/EN5167  CLOSING DATE FOR SIGNATURES IS 12 JULY 2023.    For more details, listen to this discussion with Dale and Jeremy on The Why Bitcoin Show:  https://fountain.fm/episode/cRv5zTAB4DiYoTqCdFs1     Brendo and I are golfers...not great golfers, but we try. So, when MirbooHodl / GreatGrandMan (Dom. A Nostr maxi. Npub below) reached out a couple of weeks ago about a Golf meets Bitcoin project – 88 Sats – we wanted to talk about it.  I’ll be honest and say there were a couple of red flags, but after some back and forth over Nostr DM’s we realised that Dom was an open book and was happy for us to question the maxi credentials of the project.  More than anything, this a pod about community building in a Bitcoin world. We discuss:    Can 88 bitcoiners buy a golf course  How long will it take and how to store the Bitcoin until then  Why 1 Aussie “oddball” from Victoria wants to own a golf course in Canada  Running golf tournaments with Satoshi prizes  Creating a Bitcoin only community and a circular economy    88 Sats: Npub1ke3gzakud8hvdpmxxkhzymf87tkznnhmlj78gdqj4t9rqqmkhlws52gfzw  Jor: Npub103m96sra82w4agghew9cdxtzs4s8sl7qsjsvw6h653yml0gjrkzqefd3h5    Finding Bitcoin without social media  Primed for Bitcoin after going down the carnivore and regenerative agriculture rabbit holes  Wearing the Bitcoin merch in your fiat world  Low time preference  Building a node within 3 weeks of buying his first Bitcoin  Leaving the nihilism behind  Allergy to bureaucracy     Pod Shout-outs  https://twitter.com/AusBTCIndBody  https://twitter.com/farmerjen55  https://twitter.com/whybitcoinshow  https://twitter.com/KNGgolf  https://twitter.com/triggerpod  https://twitter.com/KonstantinKisin  https://twitter.com/francisjfoster  https://twitter.com/saifedean  https://twitter.com/saylor  https://twitter.com/Blue_CollarBTC   https://twitter.com/dazbea1  https://twitter.com/bitcoinbushbash  https://twitter.com/BTCsessions  https://twitter.com/AndyBTCAdviser  https://twitter.com/GazLarking  https://twitter.com/PeterBTCAdviser  https://twitter.com/PerthHeat  https://twitter.com/btcessex  https://twitter.com/mission_bitcoin      Npubs  Hats: npub1evkn6h4dgkk6ey8mqy90spv2fmfnnzgj8u3h8dgqyql32gs9tywqhdruxp  Brendo: npub1jsauhxc6hjyk5th86qc5z02c9f0cfc7dwszzlj7e9s8wt54w490q4kglr9  MirbooHodl: npub1jeyv5qwg4286fm68vwj93yr53xv9g799w9vcz8al8mkkz36wkt4qektpt7    Book Recommendations  The Bitcoin Standard, https://amzn.to/3PA1MIG   The Fiat Standard, https://amzn.to/3PH7loG   Golf in the Kingdom Michael Murphy, https://amzn.to/46seqQ5     Support the Kids Art Competition  https://geyser.fund/project/2bitidiots  More than a million sats to be won!