OK Nostr folks, I need some advice. I have a friend who is a Very conservative, common sense bank president I'm trying to convince to get some BTC. What is the one video that focuses on facts that would resonate with a person like this who currently only invests in land, bank stock and a little gold?
Discussion
Sorry Sir, don’t think one video will do the trick, otherwise why else would it take years to really understand BTC
i agree.
focus on which personal needs and questions are present and respond accordingly.
you can only show the way. he has to walk it.
Diversification and ROI. Tangible assets are sometimes hard to beat but if you can show him the estimated return on $1000 over a few years, he may be more receptive.
Maybe gold is the best analogy for helping someone understand Bitcoin.
Bitcoin is like gold, but in your own custody.
One Bitcoin or ten Bitcoins take up the same physical space, unlike gold, which is harder to store and conceal.
Breaking gold into smaller units is costly since it must be melted down, but Bitcoin is infinitely divisible.
Bitcoin is absolutely scarce, while gold is only scarce relative to other elements.
Transferring your entire Bitcoin wealth overseas takes just seconds or minutes, whereas moving gold can take hours or even days and requires expensive security measures.
Agreed. Gotta meet them where they’re at, plus a little further
This talk is from years ago and is playing out just as described https://youtu.be/KXIaILHl7Rg
We’re currently at step 2 and moving into step 3 soon
If he thinks its for drug dealers and only heard about FTX, Saylor’s interview explains clearly the issues as well as the benefits of using an open to the masses ledger. Its 2 years old and I still use clips from here to explain the difference between a commodity and security. Tell your friend Saylor’s a billionaire and his company has it on its book from 2020. The rest he will investigate: https://www.youtube.com/live/RI4xEHI7tGg
imo Lyn's Broken money
It's not about explaining bitcoin, but about Why something like bitcoin is needed. In my experience it's better to rise a person curiosity than to give them an answer. If there'are curious they will seek it themselves
Double tap this one
Broken Money first, then maybe follow up with this:
The best advice is that your friend wait until the rollout of Core 30.
Ask him where the money for loans is comming from
Don’t bother. If he’s a bankster then the cognitive dissonance will be far too profound
Maybe explain that an equal distribution share (21M BTC /8B people) can still be had for <$300.
Send him some fink
I wonder if he has a true understanding of how the current fiat system came into existence? This opened my eyes after reading it in 2008.
If they won't take time to understand how the current fiat system was created and works, then don't waste your time. You can only lead a horse to water...
https://www.amazon.com/Creature-Jekyll-Island-Federal-Reserve/dp/091298645X
https://www.audible.com/pd/The-Creature-from-Jekyll-Island-Audiobook/B00DZUGWX6
This book pre-dates Bitcoin. Next book to read is "Broken Money" by Lyn
Ideas get planted.
-Watered…
-Nurtured…
There’s no single video, book or dialogue that will convince someone that they are wrong about something.
Im all about the idea of orange pilling but it doesn’t work.
🧡👊🏻🍻
If he is a banker he is an asshole.
Some people will have to actually use it to get it. Set up a wallet on their phone and send them some satoshis.
I support using videos from Kratter on this, he's very knowledgeable about investing and his videos are generally very informative while short and to the point.
that's my question
Not sure honestly
I've only made 2 videos so far, but I'll try to think of an argument for this type of person 🤔
Until then NGU is usually the best marketing tool 🤷
I think there is no video that will convince him.
Bitcoin needs deep studying.
Maybe show him this. The data sleaks for itself. One would have to be a complete fucking moron to still continue to ignore BTC as an investment asset in the face of such performance data.
“What happened” on YouTube from Joe Bryan