2-Bit Idiots

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: 

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 

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 

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 

Some would call it Karma.  The more you try to do good, the more good seeks you out. 

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: 

We've had a lot of smart guests recently, which is great, but sometimes your brain needs a break and just needs to listen to Brendo (yeah ok...me too). 

In this pod we address all the low-brow issues of the day like: 

• Brendo not washing for 5 years and wasting so many sats on fixing a shitcoin tiler’s mistake. 

• How should we vett guests 

• Family feuds 

• The art competition prize up to 837,000 sats! 

Anyone we’ve met in person will verify that my hair isn’t one of my strengths. Brendo would claim it’s one of his, but that’s a matter of opinion. So, you’d be forgiven for wondering what the hell we’re doing talking to a hairdresser on the podcast. 

Frankly, if you’d asked us a month ago if that would ever happen, I imagine a hearty laugh would have been the response. But...a month is a long time in Bitcoin! 

Aaron reached out to have a chat and told us that we needed to hear about the confluence of Bitcoin and Hairdressing. So, who the hell are we to dismiss something we had zero knowledge of. And, you know what, he was totally right! 

We discuss: 

Do you have a creative kid? Are you always talking about Bitcoin? Could they create a piece of art that is their interpretation of what it is you go on about all the time? 

To celebrate reaching 100 shows on the 2-Bit Idiots podcast, we’ve decided to run a Kids Art Competition and give away 50,000 sats to the winners in each age group. 

The Rules 

While most of us spend years trying to convince our cousin/sibling/mum that we’re not crazy and that “it might make sense just to get some in case it catches on”, there are others among us that are operating at an altogether higher level. Samson Mow is one of those people. 

As the CEO of JAN3, he’s working on nation-state adoption and accelerating hyperbitcoinization, but he didn’t set out to do that, it just happened one day. 

He kindly took some time out of his hectic schedule to hang out with a couple of Idiots.  Here’s what we discussed: 

• Will we ever operate on block time so that time difference is no longer a thing (we sound rough in the morning!) 

• The state of DMs when you have a large following 

• How to prioritise your workload 

• The mission of JAN3 (top-down and bottom-up) 

• How opportunities present themselves 

• Varying levels of knowledge, understanding and receptivity 

• Explaining that Bitcoin is just Money 

• Awareness of money being devalued versus the high time preference nature of politics 

• The next El Salvador. Mexico?

• Bitcoin becoming a key part of political discourse. RFK

• The importance of face-to-face, particularly in removing the fear of asking questions 

• How many of us must understand Bitcoin 

• Taking a break after hyperbitcoinization and the timescale for that 

• The most powerful force is necessity (Argentina, Lebanon) 

• Adopting Bitcoin before your value is destroyed 

• The problem with centralised power 

• The pros and cons of living on a Bitcoin standard 

• The decline in developed countries 

• Brendo’s unsuccessful application 

• Infinite Fleet and gaming 

• Fads 

• Australia and Canada 

Pod Shout-outs 

It's like buses. You don't see one for ages and then 2 come along at once! But seriously, Christmas dinner at the Dunworth’s must be an interesting experience. 

Michael is the time travelling bitcoiner, that has locked Bitcoin in 2140 to ensure miners still have an incentive to mine even once the final block reward is issued. That’s a great story – it's a wonderful story – but you may have heard it at Bitcoin Alive, a bush bash or on another podcast that Michael has done (we’d recommend EP96 of Meyrick’s Dabbling Path, EP5 with Discovering Bitcoin and the recent release from The Why Bitcoin Show). 

We’ve delayed doing this one, because frankly we didn’t know what we could add, but once we realised the answer to that was Nothing, we decided to just get together and shoot the shit because he’s a fun bloke to share a beer with. We discuss: 

• The return of the alpha 

• Sats or Bits 

• Halving, Halvening or Hal Finney-ing 

• Iron Man and Proof or Work 

• Having someone on your journey 

• Consistently showing up 

• Fixed interest rates in Australia 

• Dropping/Opting out of university 

• Startup culture, strategies, risk and Wyre 

• Egotistical restaurant owners 

• When you should change your beliefs and opinions 

• Seeing life through the Bitcoin filter 

• Bitcoin miners are just monkeys 

• Seeing the tech before the money 

• Satoshi 

• AI as the biggest inflection point of Bitcoin adoption 

• SegWit2x and the power of the node 

• Ordinals 

• Backing yourself, but having support in your corner 

• The warped VC industry 

Pod Shout-outs 

Paul is a husband, dad, business owner and now bitcoiner, based in Victoria, Australia.  

We first met at a BitcoinBushBash (are you noticing a theme) in 2022, again at Bitcoin Alive in 2023 and now he joins us on the pod to tell his story.  

This one will resonate with business owner/operators who have had to navigate through a difficult few years, since that thing which we cannot mention and the government overreach in response to the thing that we cannot mention. You know the thing. THE THING.  

But more importantly, as we come out the other side, the hope we all feel thanks to the positive changes and outcomes we see in our move towards a Bitcoin Standard. 

We discuss: 

• Brendo selling his chairs 

• Why are Bitcoin conversations more comfortable 

• Surviving the business turmoil caused by the hardest lockdown in the world 

• Burning through the rainy-day account 

• The “recession we had to have” 

• The inevitability of our high inflation environment 

• Working on a 200-year plan  

• The manipulation of the system against everyday people 

• Operating in both the Bitcoin and Fiat systems 

• Personal responsibility 

• Estate planning 

• Government poor decision-making forcing individuals to find answers elsewhere 

• The Bitcoin safety net 

• Interest rate rises and black swan events 

• Spending less than you earn and living frugally 

• Giving yourself choices in life 

• Families attending Bitcoin meetups, and allowing kids to learn by being in the room 

• Art by Pixel 

• Being the example for your children and creating learning experiences 

• The difficulties incorporating Bitcoin payments into your business 

• Australians not appreciating the hardships being felt in other countries 

Pod Shout-outs 

We’re testing ourselves. We’ve been around this sausage-fest so long that we’re not sure if we can still talk to girls. 

But we outright refuse to do it for diVersiTY’s sake. Meritocracy in all things. And quite frankly, this young woman is way ahead of most of you guys. 

Once Brendo got passed his awkward giggling, we discuss: 

• The Scottish accent being better than the Aussie 

• Whilst freelance writing during a gap-year from studying Law, a client wanted to pay with Bitcoin. 

• The regret of selling your early Bitcoin 

• How you cannot be a personal finance “expert” without ever owning Bitcoin 

• Creating a savings plan with Bitnob, reviewing the app, interviewing the CEO and ultimately becoming the manager of their podcast. 

• Streaming Bitcoin games on Twitch, and creating your setup and affiliate account 

• Streaming Sats to viewers 

• Satoshi TV “Bitcoin Lifestyle” 

Bitcoin sends you off in directions you never dreamed you would go.  In the next couple of weeks, I’ll be helping Roger at a woman’s wellness Bitcoin chocolate making session.  A bunch of words I never thought I’d use in the same sentence! But here we are. 

Roger is first and foremost a lovely guy, but he also has a unique story...so let’s tell it: 

We discuss: 

• The origins of his pseudonym 

• My Captain Pugwash facts were NOT true 

• Bitcoiners as constant dreamers or the most grounded people around 

• Imagination and creativity 

• Self-Identity 

• The pursuit of truth 

• His unique style of driving 

• Improving your eyesight 

• Fasting 

• Trust in institutions 

• Bitcoin’s inclusivity 

• Freedom of expression 

• Fear of acceptance as an artist 

• Leaning into your weird 

• Satoshi ‘73 

• Chocolate workshops 

• Conferences to become festivals 

Links to all of Roger’s work (music, chocolate, podcast, YouTube etc) can be found @ 

We’re telling a story. We didn’t set out to tell a story – in fact we rarely set out with any coherent plan – but we’re telling a story, nonetheless. 

This is Owen’s story.  

He’s an Aussie with a background in organic farming certification. We first met at a Bitcoin Bush Bash in 2020, visited his farm in 2021 (Episode 22), spoke to him from his El Salvador scoping trip in May 2022 (Episode 43) from next door to Mrs Bukele (Episode 61) and now here we are again. It’s a fascinating progression of a doer rather than a talker, and I’d highly recommend you go back over the previous episodes to get the full picture. 

We discuss: 

• Starting a beef business in El Salvador and partnering with pro-Bitcoin locals 

• Types of farming and the challenge of the wet and dry seasons 

• The current quality of beef and the inclusion of chemical additives (fiat incentives) 

• Only accepting Bitcoin in the business 

• Blink wallet 

• Hedging volatility 

• Residency and visa options 

• Brain drain starting to reverse 

• Opportunity everywhere with huge tax incentives 

• Seeking entrepreneurial influence 

• Bukele’s majority means that all bills pass 

• Muh roads in Guatemala. Government versus Private 

• News from El Salvador 

Are you home? Did you survive? 

A huge shout out to @lungdoge, @dylanhashmurray and Jess (the @BitcoinAlive team) for putting together a fantastic first Bitcoin Only conference for Australia. 

We’re yet to speak to someone who didn’t enjoy the day, and the opportunity it gave so many solid bitcoiners to be in the same city at the same time. 

Many of us milked it and made it a loonnngggg weekend. Too many people to thank, but you know who you are. 

For those who didn’t manage this time, here’s a glimpse into what happens in Jack’s closet. 

Til next time.  

PS – The language is appalling in this one. Blame Brendo. 

For Jack from Brisbane 

Ways to Earn Bitcoin 

It’s been all interviews the last little while, so we thought it was about time we burned our listener stats and did another Hats and Brendo. 

It’s largely inane waffle, but there’s some good stuff in there too, including: 

• Why Brendo takes his shorts off in my house. 

• Bitcoin Alive 

When: 15th April 2023 

Where: The Roundhouse, Sydney 

(Pushing this one out quickly for those making the trek to Beechworth. Have a great weekend) 

Those of you that pay attention (or those that attended the last bush bash at Murrurundi) will recognise Dale from there, but for those that don’t, we wanted to have him on the pod to give us an insight into the incentives at play in shitcoin land, working behind enemy lines for a shitcoin publication. 

Dale is a South African who has lived in Australia for 5 years. His background is in law and political philosophy, which he credits with his ability to think critically. As Wiz would say, he’s “found his tribe” in Bitcoin. 

We discuss: 

• His path to Bitcoin only 

• Challenges of visas in Australia, regional living and covid restrictions 

• The difficulties of “working in Bitcoin” 

• Revenue streams (adverts, affiliates, paid articles etc) and the machine behind media 

• Learning to think like a normie 

• The race to the bottom (CumRocket) 

• NFTs 

• The sophistication (or lack thereof) of readers 

• The dangers of AI 

• Commercial real estate 

• UFC 

• Gaming 

• The potential for a shitcoin casino sting 

• What is exciting us in Bitcoin right now  

• South Africa 

Pod Shout-outs 

PUBLIC SERVICE ANNOUNCEMENT: Please listen til the end as Pete will blow your tiny mind.

We spoke with Pete just a few short weeks ago (EP70) about what high-net-worth clients think of Bitcoin. You liked him. Actually, you liked him a lot. A lot of you tuned in... thank you. 

We got nowhere near the end of that conversation, as we also wanted to talk to him about inheritance planning. So, he kindly agreed to go again. Settle in and pour yourself a coffee, this is a long one! 

If you’re a connoisseur of bullish price valuation models, this one is also for you. He gets more bullish as we go, and we can’t fault any of his logic. 

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

We discuss: 

• What is a family office. Generational wealth, legal structures, preservation of capital. 

• Systemic risk in “risk free” bonds. 

• Credit Suisse, bank runs and what’s happening in trad fi markets right now. 

• Interest rates and mortgage pain. 

• Why everyone focuses on the US. 

• Are US regulators starting to take a more pro Bitcoin stance. 

• Legal entities for holding your assets. 

• The importance of a will or testamentary trust. 

• Multi-sig security with clients 

• Time locking Bitcoin 

• Element zero at absolute zero 

• The first triple point quantum asset. 

• Solving bond duration risk with Bitcoin 

• Bitcoin valuations for those who love “crazy numbers” 

Pod Shout-outs 

There’s nothing a bitcoiner enjoys more than bursting a mainstream narrative.

Bitcoiners branching out into other industries is great, but what I really want to see is people in other industries adopting Bitcoin.

I’m particularly keen for musicians, athletes and sports teams to figure this out (shout out to Perth Heat for leading by example).  That's why I was very excited to discover Joe Martin.

Joe is a singer-songwriter who is a musician first but also a bitcoiner. He gets it, and the best bit...he’s good!

We want Joe to be able to take a message to his friends in the music industry, so we’re passing on all donations (streams, boosts etc) from value-for-value enabled podcasting apps.

Have a listen to Joe's story and his current single / title track from his new album. If you like what you hear, please send a few sats his way.

We discuss:

• His backstory as Country/Americana artist
• Crafting story-based songs and the creative process of making an album
• What it means to be a professional (completely independent) musician today
• Generating a revenue from gigs and merchandise.
• How many streams you need to make $1
• Personal investment and risk
• Nashville, networking and playing at the Bluebird Cafe
• UK Tour – kicks off April 13th @ the Yacht Club in Teignmouth
• Monetising information that wants to be free
• Lightning and microtransactions
• Removing friction to value transfer
• Nostr
• Selling tickets for Bitcoin!
• Value 4 Value pack

Links to Joe’s Music, Merch, Tour and Socials:

When: 15th April 2023

Where: The Roundhouse, Sydney

3 is the magic number.  4, and we talk all over each other (I’m probably the worst at it).

But hey, we wanted to have a special guest and we got a special guest.  We just didn’t count on the crickets!

This episode contains the following ramble:

• Non-existent pods
• Sydney sleeping arrangements
• Diet and addictions
• Coals versus Gas
• Lake Tinaroo

I finally stepped out of Brendo’s shadow and did one of these interview thingies by myself. Turns out the tech side is way easier than he makes it sound!

The problem though, is that Gary (Gaz) and I can talk the corn! I think it was 3 hours 53 minutes to be precise, but don’t worry we only recorded an hour or so.

Gaz is as bullish on Bitcoin as the rest of us, but his knowledge and life experience also gives him a perspective on risk that many of those that have recently been rekt by leverage could learn from.  You don’t need to risk the farm; you just need to get off zero.

We discuss:

It’s easy to talk a big game.  Backing it up is harder.  However, what we’ve found over the last 7 years, is that the closer you align yourself with Bitcoin, the better things turn out.

Look at all aspects of your life; health; work; relationships; family; education et al and apply the Bitcoin filter.  Allow it to affect your decision making and voila...things magically improve.

Brendo and I talk all things Bitcoin, with tangents along the way:

Peter Dunworth, runs a multi-family office and leads The Bitcoin Adviser, offering tailored Bitcoin investment services to high-net-worth clients. Specialising in Collaborative Custody, Estate Planning, and Bitcoin Education, he's a trusted guide in the complex world of Bitcoin. Engage with Peter on Twitter @PeterBTCAdviser

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

Our conversation touches on:

• Our prize winner, fraternising with the enemy and leech trauma
• Bitcoin custody and estate planning
• Bitcoin being the rational choice when considering all major asset classes
• Providing conservative financial/investment advice for those 60+
• Being cognitive of your own biases
• Property
• Capital destruction in bonds
• Preservation of capital being the No.1 concern
• Asymmetric risk
• Peak debt
• Being a professional financial advisor when all markets move on the decision of the US Federal Reserve
• Hope, inspiration and your outlook on life
• Stupid numbers
• How to prevent losing Bitcoin
• The truest form of altruism
• Censorship resistance. Seizure resistance. Absolute scarcity. Immutable ledger.
• Timelocks
• Self-Actualisation and the Bitcoin Golden Age
• Price manipulation
• Volatility versus Risk

Pod Shout-outs

We tried to give away 111,000 sats but Terla hasn’t got in touch!  Terla...are you out there?  Call me.  DM me. Swipe right.

Anyway...Happy New Year bitcoiner.  It’s good to be back.

Just Brendo and I today talking shit and helping you pass the time until hyperbitcoinisation, or at least until next week when we have a really good guest.  Seriously...next week is important.

For now, we talk:

• Not being able to give away sats!
• Price.  Is it a temporary pump?
• Global recession incoming
• Doxx jar binned
• Job cuts Coinbase, Blackrock, Amazon, Salesforce
• Blackstone
• Gradually then Suddenly
• Who or What can move the price?
• Fidelity
• Why you should only compare you with you
• How good is Solitaire, but you need a Sudoku!
• Satsback in Australia
• Mortgage rollovers in Australia in 2023
• 2022 CPI numbers
• Is there another bubble to blow?
• We are only 3 halving's in
• Not seeing your privilege

Tweet of the Week

Alan B Watts

The Bitcoin conversation in this one is minimal at best, but there are free sats to be won, so you might have to listen to find out if you’re the winner!

Thanks to everyone that’s contributed to the podcast this year.  Guests, listeners, boosters, sat streamers, trolls, people that gave us gifts, everyone at the bush bash and all the Twitter psychopaths.  We appreciate you all.

Bitcoin will fix the world.  It’s the only money.  But...IT’S ONLY MONEY.  Take some time off at Christmas with your people and enjoy life.  Otherwise, what are we doing this for?

Merry Christmas and see you in 2023,

Hats and Brendo

Tweet of the Week

The list of large-scale Bitcoin only events is growing all over the world, but we didn’t have one in Australia.  Until now. 

Quick Links

Twitter

@BitcoinAlive

@dylanhashmurray

@lungdoge

Website

We live in the sticks.  We’re happy living in the sticks.  You couldn’t pay us enough (even sats!) to live in the city.  The problem with living in the sticks, however, is that you may be the only bitcoiner.

That was true until Brendo came along.  2 of us fighting the good fight.

But...it turns out we weren’t even the first in our part of the sticks.  Enter plebHODLBadger!

We’ve found another Maxi and he has a friend too!  4 of us.  IN THE STICKS!  More Bitcoin Maxis than Post Offices.  We’re winning, and each one of you is the reason why.  Here’s his story:

• Running core in 2011, but turning it off to not waste his sister’s electricity
• Always stacking
• Getting burned in shitcoins and learning not to spend time thinking about them
• When does a scam become a scam
• The progress of the Lightning network and what’s still required
• Maintaining your passion for your fiat life and what comes next
• Hallucinogens and the mixing of the senses
• Rights, freedoms and your political opinions through a Bitcoin filter
• Getting paid in Bitcoin
• Validation
• Misconceptions around Bitcoin meetups
• What does the “fight you” stage look like
• Real estate. Investment or the family home
• SBF and FTX
• Working out what’s important to you
• The Bush Bash Tour

NB:

I was quiet for the first ten minutes.  Apparently, I still don’t know what I’m doing.

You’re Welcome / Sorry (delete as appropriate)

Tweet of the Week

This is our light-hearted take on the Bitcoin Bush Bash in Murrurundi, NSW.

It was just as expected.  A few words that spring to mind:

Welcoming.  Old friends.  New friends.  Honest (sometimes brutally).  Intellectually Stimulating.  Steak.  Beers.  Art.  Proof of Work.  Growing.  Committed.  Humble.  Curious.  Family.  Fun.

That was our third and certainly not our last.  We’d love to make it to QLD, VIC and WA to attend theirs someday.  Let’s see.

Most importantly.  If you haven’t yet been to a bush bash and you’re wondering whether to come, please do.  You’ll certainly be made welcome.  Better yet, start your own and send us all an invitation.

Thank you to all those that didn’t want to be thanked!  Bitcoin for the win.

If we have not made the connection yet (Twitter is best), please reach out to one/both of us as it’s not always easy to connect the online persona with the real-life human.  Safe travels.

Pod Shout-outs

It’s nearly Bush Bash time again, so here’s one for the road.

On the agenda today:

• Welfare checks from your postman
• Weird questions
• Sugar is the biggest shitcoin
• Lightning node problems
• The friend that will tell you when you look like shit
• Why citadels won’t work
• Our favourite bush basher
• Are you prepared to not be liked
• Grayscale and Coinbase
• Proof of Reserves are a shitcoin
• Microstrategy
• Volcano bonds
• How did you feel safe as a child
• Taking responsibility for yourself
• Can you trust Bitcoin more than you trust yourself
• Why you will not beat bitcoiners
• Selling and buying back in
• Capital gains tax.  Terrible “advice”. Don’t do this.
• Spending your time doing something constructive

Tweet(s) of the Week

Possibly our best work.  Definitely Brendo’s.

Other than Fly Ninja we cross off the latest big topics:

• The Albury Shushing Conference
• The FTX shitshow
• Solvency, Liquidity and Contagion
• Fiat term deposits are the same as staked shitcoins
• Bank runs
• Learning hard lessons
• Holding your own Bitcoin
• Giving hope to drain the hope
• Hitler
• Diversification
• Leaning into the thing you don’t want to do
• Gay earrings
• Drink while you think
• Grass roots
• Tipping your favourite player

Pod Shout-outs

Bitcoin is a game of patience.  Daniel has been here a while and has shown more patience than most.

It’s great having new guests on to tell us how they found their way to Bitcoin or explaining what they are doing in the Bitcoin ecosystem, but it’s also interesting to follow a story and see the progress over time.

Owen is an example of the latter.  We first met at the OG Bitcoin Bush Bash in Murrurundi in 2020, then we travelled to his farm in northern NSW to check out his beef operation (EP22).  We spoke again as he went over to El Salvador on a scouting mission to see if it really was somewhere he thought he could live (EP43) and now we catch up with him as he’s finding his feet in San Salvador.  He’s not a talker...he’s a doer!  He’s also a good talker...we discuss:

Life’s been busy, but thanks for sticking around and waiting for us to put out another pod. Thanks also to Brisket and Daz for stepping up with some quality content while we were away.

Reasons (excuses) and topics today include:

We’ve all got that friend that “can’t afford Bitcoin” or says, “it’s too risky”, right? Well, this episode is for them.

Please forward it on to them and we’ll talk them through risk free and no cost ways to earn Bitcoin (sats).

Links to all the ways discussed in this episode can be found at:

Hats is away and Brendo don't do show notes. 

Suffice to say, and as you'll hear, this was an easy ep to record...

Pod Shout-outs

Even if we get Morpheus himself, these 2 will always be our favourite guests.

Today, we welcome Itty and Bitty (our daughters) onto the pod to tell us what they know about Bitcoin, how annoying Bitcoin dads are and to give a kid's perspective on all these things we keep going on about.

I think they surprised themselves with how much they know, and it just proves that if kids can ‘get it’ there’s no excuse for anyone else not to.

Plus, it’s a doxx fest, so it’s gonna cost us!

We also talk about:

• Who pays the doxx fine
• A virtual money, a hard cap supply, no bank, peer-to-peer
• Getting better at knowing is easier when it’s something you enjoy
• What the girls believe money to be
• Shrinking Toblerone's, Big Mac’s and Pringles
• My terrible description of a 10p mix up
• Advertising tricks and mashed potato ice cream
• Scarcity
• Roblox and Robux
• Rollerskates and Dolls
• Buskers
• Turning anything into a Bitcoin conversation
• Do they talk about Bitcoin at school
• No more radio
• Accents
• Pocket money jobs
• eBay challenge
• How old is an old person, and how to convince them digital things have value
• Most people won’t know how Bitcoin works
• What’s your favourite part about Bitcoin
• We try to explain the difficulty adjustment

Pod Shout-outs

We were wrong.

We keep doing pods with plebs from all over the world looking for how things are different where they are.  And the answer is always...they’re not.  Brendo even broke into “We Are the World” (sorry).

This week it was our pleasure to chat with Abhilash Nair (Abi) from Hexa Wallet (hexawallet.io) the first product from BitHyve.  A fully remote team, predominantly based in India, the conversation focussed on Abi’s personal journey, the parallel journey of the Hexa Wallet and the Bitcoin 4 India conference on November 5th and 6th in Goa.  We also touch on:

• Accents changing every 20km, language changing every 100km.
• Educating 1.3 billion people in India.
• NO CONNECTION TO HEX COIN (please avoid)
• Simplifying Hexa Wallet for ease of use, and the introduction of “Pledge” (fundraising) and “Keeper” (storage) to be released in a couple of months.
• Building an easy on-ramp to the Bitcoin ecosystem with a polished UI/UX
• Gifting sats
• Integrated exchange functionality (Swan, Ramp and Wyre)
• The polarising view of Testnet
• Sentiment in India for Bitcoin and cRYptO
• Family gatherings
• Transformative books
• The BitHyve team and the use of advisors
• Bitcoin4India for Indian bitcoiners
• Job satisfaction “through the roof”
• Choose to be a cynical optimist

Bitcoin 4 India

We’re back where we belong.  My dingy garage.  But, we do have a piece of art on the wall now.  It’s a $50 note that we’re calling “nostalgia”.

No guest this week I’m afraid, just Brendo asking stupid questions and then humouring my ranting responses.  We cover:

• Modern art. That banana.
• Remembering every person you’ve ever met
• Taking time off Twitter and not checking the Bitcoin price
• The build, slog, patience phase is where you prepare for the bull
• Forcing someone to become a hodler
• Bitcoiners that don’t yet know about Bitcoin
• Muun wallet
• BIP39. Brendo was right
• Support your struggling local businesses
• How easy it is for us in Australia compared to the rest of the world
• Debt to GDP
• Strikes
• The UK Furlough response compared to the Energy response
• Rent freeze in Scotland
• The size of the Mona Lisa
• Christine Lagarde's inflation hump
• UK open to yield curve control. The world becomes Japan.
• Meter maids
• The Mayer Multiple

Tweet of the Week

https://twitter.com/fabushka_/status/1567515097437769729

Pod Shout-outs

I know, I know...we’ve been slack. More accurately, I’ve been slack, and Brendo’s been pulling his weight (I know right!). Feeble excuse given in the pod. Sorry.

But we’re back, and you’ll be pleased to hear we have a guest. Meyrick kindly invited us on to his pod (Meyrick’s Dabbling Path) a month or so ago, and we decided to continue the conversation here. Born in India but now an Australian citizen, he brings a different perspective that we are keen to hear more of. Bitcoin is for everyone, and we all need to spread the message as far as we’re able.

We discuss:

• How he emerged from the shitcoin and NFT maze
• Working at a crypto research firm
• Stopping mining in the early days because it was “making Counter Strike laggy”
• Working in the banking sector in India
• Removing legal tender status of the 500 and 1000 rupee note
• Is it wasting time or is it learning
• Can you outperform Bitcoin
• How can Bitcoin fail
• Meatspace v Twitter at Melbourne Bitcoin meetup
• The “best” shitcoins are just loyalty programmes
• Fiat mining for Bitcoin
• Saylor Academy. Bitcoin for Everyone
• Backlash from switching to Bitcoin
• Thoughts on religion and where Bitcoin intersects
• Are bitcoiners better people
• Bitcoin in India
• How Bitcoin fits with the Islamic view of money
• Podcast plans
• Privacy and KYC free coins

Pod Shout-outs

Let’s be honest.  HODLing through a bear market is difficult. But you know what’s more difficult...coming in at the all-time high, and still HODLing.

Rauri (twitter.com/RHodlr) is a relatively new bitcoiner (he’s just approaching his 1st anniversary), but he has a rock-solid conviction and we wanted to know where it comes from.  We dig into the following to find out:

We’ve had a review...and it’s not good.  To be fair, it was good for Brendo and shit for me.  You can’t please all of the people all of the time.  We’ll try to please some of the people some of the time.

Other than our mediocrity, we discuss:

The quality of guests on the Australian Bitcoin Podcast hit a new low this week, so we thought we’d drop one at the same time, to go head-to-head with Justin.

Hope this gives the bitcoiners heading home from Yeppoon some low-brow content after having your brain tested over the weekend.

We discuss:

• What we’ll do with any boosts and streams
• Back to the Future
• Brendo not being fazed by the bear
• The pros and cons of being “all in” Bitcoin
• Managing consumer debt
• Why banks don’t act in your best interest
• Mortgage stress and the RBA
• Deterioration of living standards
• How many people want to be free?
• Tyranny and the degradation of liberties
• Italian stereotypes. Sorry Italy.
• Progress with a normie mostly down to improved UI/UX
• 1 on 1 orange pilling
• Are we saving people or do we just want to talk about Bitcoin
• Public library information sessions
• Urology and STDs!
• The Line
• Stackchain

Tweet of the Week