I promise in my recent article (#387859) about this story I will continue, if have sense...well, it have sense!
The weekend has passed, and we agreed with my friend Saturday, that we will meet Sunday late afternoon. It also happened. We met, and we went to a small restaurant. We started to talk about different things, but I didn't mention Bitcoin intentionally. After aroun 15-20 minutes he asked me, where did we finish our topic past time, and from here the principal topic of speech was Bitcoin.
I was surprised when he told me "he did the homework", and he took out a couple of notes, and started asking... About total supply all was clever (and he mentionned as a very good thing the limited supply), we talked some sentences about gold standard, and how fiat money was deappreciated after gold standard was eliminated, and he say that if Bitcoin have a limited and known supply it is like a gold, but digital, and we can make more precise predictions about a future value (not price). They principal issue was 2 things...the miner rewards, why halving, and why / how nobody hacked it yet... About the miners and halving I told him, that it was necessary the bigger rewards at the beginning, because the blockchain technology was unknown, and this was a motivation for miners. And last but not least, because it is fixed in this form in the Bitcoin whitepaper. I also mentionned, that from the beginning to the present day, the whitepaper was never modified, and all things are functionning like was described in the original protocol. About the hack...it was so funny, because I told it was several attempts, but no one succeeded. When he asked me, why, the reply was the simplest possible...imagine Bitcoin not like an asset, but like the biggest computer of the world, whose servers are distributed worldwide...and this mean decentralisation. This is the reason nobody was succesful with hcking. It is possible to hack only if you own more than 50% of the computational power, that is a horrible amount of money.
The waiter came and served the food, and I asked her if I can pay with Btc...my friend was shocked when weiter told us that we can "pay" just the tips in Btc... Friend asked about this method also (how direct paying is possible with minimum fee / without fee) I outlined it to him the Lightning Network as solution, but just in few words...we started to eat, and after we finished he asked me, how I can invest some money in Bitcoin... I suggested DEX methods, but he already read about CEX'es, and told me that first time it is OK a CEX... I didn't want to object, and we created for him a CEX account (doesn't matter which CEX), and he bought they first pack of BTC with debit card, worth of E1k. I think our next meeting will be about CEX vs DEX, and Lightning Network as L2 solution for fast payments :)
So... The consequence: 1 more Bitcoiner (or maybe 1 more people who heard and purchased Bitcoin) ;)
Hopefully they vision it will change, and he become a true Bitcoiner, not just a "fiat hunter", investing in Bitcoin
So...that's all for now, thanks for reading! :)
P.S. Sorry for my grammatical mistakes / errors :)
@030e0dca83 and @elvismercury you both noticed to wait for the 2nd chapter :)
Yes I waited for this and will be waiting for next one. Interestiin fact it's easy to orange pill people during bull market. Almost noone wanted to listen to me at the bottom
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Yes, I was in the same situation...At the bottom every of my friends laughed at me, how degenerate I can be investing in this shit... This was, because human psychology working in this way...if somethin is cheap we don't want to buy, because probably it is wrong / deteriorated, etc...and when it is expensive, we are ready to pay much more, just to own this... The human brain associate the cheap things with poor quality, and expensives with high quality :)
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People don't want to have cheap car so they buy expensive. The same way they buy Bitcoin
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0 sats \ 0 replies \ @KLT 29 Jan
Doing Gods work. Send him this mining short documentary about the Brooklyn bathhouse using bitcoin mining to heat their spa.
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Nice work.
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