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109 sats \ 4 replies \ @nout 11 Apr 2022
Looks good, but please include first non-KYC option to buy Bitcoin from another person first. If they know a miner or someone trustworthy... don't send them to KYC hell as the default.
You can definitely expect people to ask you about the FUD questions, like "Bitcoin is consuming more energy than some countries" and "Bitcoin is used by terrorists".
Both of those need some careful preparation, because you need to untangle multiple misconceptions and misdirections that people have been fed by the media over the last 20 years.
The energy one I'd likely argue in following order
- show that energy helps humanity (freezers, lights in the hospital) and hence there is some amount of energy we need to use to do good things (now you can reference the good things Bitcoin provides)
- show that current fiat system takes a lot of energy to keep up
- show people that currently dollar is backed by US Army, which consumes a lot of energy.
- Also you can mention that mining gold currently takes more energy than mining bitcoin (afaik true).
- show that Bitcoin can be mined anywhere in the world and you don't need to waste energy on transporting it to cities, etc.
- show that Bitcoin is now using more renewable sources than average and can be used for flare gas
The "terrorist" one
- show that practically all crime and "bad stuff" is funded by US Dollars. You can also find stats on how many fines did banks get for money laundering over the last 10 years (and that's just the tip of the iceberg). Bitcoin is not well suited for this - e.g. russian oligarchs couldn't use Bitcoin for money laundering (mainly because the practical liquidity on Whirlpool, Wasabi, etc is at most 10M USD...)
Also try distilling more the idea for inflation
- "Your dollars are loosing on average 14% of value every year." If you are not at least keeping up with inflation through investments, then you will lose 80% of value over the next 10 years.
- highlight that current CPI is broken and the definition is really hard to find, since it's been manipulated into not looking that high.
- ask people what is their personal inflation (based on their monthly spending and based on the price of the expensive things they would like to get) - that could be +50% or -50%...
Some people are also notably selfish and so you could give some points for them, e.g.:
- you can use Bitcoin to get 8% discount on all purchases on Amazon: #1994 (and you never actually touch Bitcoin, so this does not have tax implications...)
- If you pay with credit card, the merchant has to pay 3% fee and they pass that on you through increasing prices. With bitcoin it's free.
- Bitcoin is literally the cheapest way how to move one fiat currency to another country (e.g. USD to EUR)
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5 sats \ 2 replies \ @NEEDcreations OP 11 Apr 2022
Thanks for the writeup nout. I can tell you went to the conference or at least watched the talks!
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5 sats \ 1 reply \ @nout 11 Apr 2022
No problem :) This isn't as much based on the conference, but more distilled over last multiple years in the rabbit hole...
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0 sats \ 0 replies \ @NEEDcreations OP 11 Apr 2022
Hell yeah, man! Several of the points you brought up were mentioned at the conference exactly haha. I guess it's not much of a coincidence since the points are true and widely distributed amongst bitcoiners! Thanks again
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0 sats \ 0 replies \ @falsefaucet 12 Apr 2022
to piggyback definitely highlight that its private/unconfiscatable when used properly,
highlight the importance of holding one's own keys. dont leave them on exchanges for any longer then required.
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