Oddbean new post about login | logout Hello Nostr! Does anyone have any good articles/sources that I can send to a friend? He says bitcoin isn’t backed by anything 😂 He also doesn’t know much about bitcoin🤷🏼♂️ #asknostr
All things Jason Lowery and Softwar would be a good start
Soft War would be a terrible start. It is VERY very heavy going, you expect a no coiner to dive right on in, there😳😂??
Start with the whitepaper... then go to softwar.
Ha ha. Technical to Masters Thesis in 2 easy steps😬😂.
Softwar is a book about power dynamics and how the world really works.. Personally I think if normies give it a real chance it has a high chance of orange pilling them. The whitepaper is a good starting place just so they can get a basic understanding of proof-of-work. Softwar assumes you already understand people competing for block rewards.
While I agree with you in principle, I don't know who you are or what your background is. What I do know, is that of the 8 billion(ish) people on Earth, 90-95% of them are NPC's. That doesn't leave a whole lot of fucking people. I wish EVERYBODY well but sadly, the "Everybody" just don't have the gray matter to make that so🙄🫤.
I think the big barrier is people having interest. I earnestly believe the average person can understand it if they try to. I'm no one special and I don't have a background of higher education or technical work. I literally drive forklifts and drive for Uber. I just have an open mind, a curiosity, enjoy reading, and don't ideologically object to the idea of Bitcoin literally being an unprecedented form of war.
You are actually spot on but there does need to be a "Mass awakening", how he achieve that🤔? I don't know. I'm nobody special either. I have an FLT licence and I used to be in charge of a big Chemical Plant, I retired about 2 months ago at 46 years of age. Fuck. The. System🖕🏻.
Imagine the adoption we'd see if all the politically disgruntled people in the world woke up and realized Bitcoin isn't magic internet money.. its the weapon they need to wage a successful war against the system that's been fucking them their entire lives. Alas most people haven't realized they are being fucked yet. Fuck. The. System indeed. 🦌
I'm always FUCK. THE. SYSTEM but.....The people who run the system, i.e. the central bankers, they OWN the fucking system, they in turn OWN the politicians. We WILL win, one day. It will be fucking messy though....!!
If he reads books, I'm reading The Bitcoin Standard and it is laying out the case for BTC very, very well.
That's a good call for "Beginners" and then maybe "Broken Money" by Lyn Alden if they want to dive a bit deeper as I feel she expands more on what Saif says in his book.
https://youtu.be/1PkMFIa7rmQ Hope this helps!
Suggest that he reads through and views all the resources linked the resources page of my website (and the other pages) and talk to you in six months. It’s really not worth even having a conversation about it until he’s done the basic reading. https://www.lakelandbitcoin.com/resources
Backed by an open source distributed Leger over tens of thousands of computers. It's backed by its code and protocol. It's backed by the consensus of of the devs and the code. 21 million
Try this, preview first to see if it would hit 👍🏻 https://youtu.be/5JDrK7sP3gA?si=Hdt1lp9qxEu8wGmU
No article required. You can do it in a single sentence. “Bitcoin’s value is derived by its users’ agreement on the veracity of an immutable, permanent, globally distributed ledger of every Bitcoin transaction, and the fact that Bitcoin has a fixed supply and rate of issuance, unlike government currency.”
Another thought, its backed by both trust in its value and the cost of energy in it's production (the same as gold and fiat) Its value is decided by two individuals engaging in value exchange, my widget is worth 0.5 BTC, you agree, we exchange. Bitcoin is a privatley created currently controlled by the users not by governments or central banks.
