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When first explaining Bitcoin to people, it can be difficult to find a place to start. After accepting endless amounts of content discussing economics, philosophy and history, there is no clear place to start. Of course, just like anything else, it helps to make every acquaintance with the person you are presenting to. But a key issue in understanding bitcoin, as Captain Siddique and I discussed in this week’s episode of “Meet the Taco Places,” is helping others understand the problems Bitcoin solves. In addition to this, we have introduced Sidd to Bitcoin, discussing how it has changed his life and his predictions for the future. Be sure to listen to the audio podcast, and read our interview below.
What’s the story of your bitcoin rabbit hole?
When unanswered questions about modern economic theory clash with my reading on emerging technology – especially through a book titled “Throwing Rocks on Google Bus” – Bitcoin and decentralized system requirements are clicked. I fell in love with “crypto” through an experienced fundraiser for a bitcoin mining farm, where I learned the importance of a rock-solid sensory approach. There are bitcoins, there are others.
How has Bitcoin changed your life?
Two ways: It serves as a simple vehicle for savings that allows me to focus on value generation rather than gambling to find arbitration opportunities and “quick wins”. Seeing how “experts” use money to obscure the truth, I have gained the disbelief of experts and anyone who cannot divide jargon in their domain into simple, easy-to-understand concepts.
Your pieces are incredibly straightforward and insightful, and they explain things that both Bitcoin and Nokainer can understand. What is your process for creating these articles and what do you think is the most important thing for someone who wants to know about Bitcoin?
Thanks! I look for patterns and metaphors that help me turn complex words into simple models. What I write is usually something I’ve been thinking about for years, including many stops, starts and mendering. Writing an article just happens when something clicks in a way that I think others will understand.
What are you most looking forward to in Bitcoin space?
Two things: more state adoption, and the implementation of mining by energy producers. State-to-state adoption isn’t so appealing, but I believe it will drive conversations and questions at the official level – forcing leaders to answer questions publicly about bitcoin and the financial system. They will express the insanity of what they are getting from us.
Prices forecast for the end of 2021 and 2030?
2021: Below 100,000 because everyone thinks we’re going to break it!
2030: I don’t remember any number. Where the bull race of 2017 was driven by the desire to get rich, the next nine years will be driven by the desire to avoid poverty as it catches up to inflation. Bitcoin could be worth 1 1 billion by 2030 – but what will a loaf of bread cost? Not to mention a good steak …