A customer of mine, who I had lunch with 6 months ago.
Thinking of explaining the halvinging, thoughts? 
A customer of mine, who I had lunch with 6 months ago.
Thinking of explaining the halvinging, thoughts? 
halvening, including how often a block is mined, what was the initial block reward, what it is now, what it will be come next May…
the absolutely surety of the diminishing block reward - and how it will take over 30 years to mine the last full #bitcoin - is always a good Shock-and-Awe factor in orange pilling 😝
I say you explain the hard cap, halving schedule, difficulty adjustment, permissionlessness, true decentralization, self custody, and longest chain rule.
I was just reminded that binge-listening "The internet of money" was a real eye-opener.
Maybe offer it
Just explain the money we have today and they will arrive at Bitcoin naturally as a solution. Try using socratic method if possible to unlock their natural wisdom (only asking questions).
Provide advice, but don't waste your limited time on extensive teaching.
In the end, he must become a believer by delving deep into the Bitcoin rabbit hole, on his own accord.
#Bitcoin educational resources:
1. https://nakamotoinstitute.org/shelling-out/
2. https://www.hardmoneyfilm.com/
3. https://fountain.fm/episode/eumqR5JSyLx9ZPx9uoyv
(+ The whole Saylor series)
What is he in to? Based on this response alone id ask him if he knows how money works now, does he know how dollars are only created through debt? If dollars are created through debt, there is always an interest rate, meaning the system has huge deflationary pressures that have to be held back with increasongly more debt/inflation. You end up with a system very dependent on new lending all the time, and when there is a shock to the market, even low interest rates cant keep it up, so bailouts, quantative easing, etc. The monetary system becomes a bloated monster that is intentionally opaque to obscure how the average person gets fucked, look at the time-price of goods, look at wages compared to inflation pre and post 1971, wtfhappenedin1971.com is useful for some of these charts. Bitcoin is simple, there are miners are competing internationally for cheap energy that is globally distributed, they want a share of the truly scarce amount of bitcoin; there are users who enjoy the highest level of monetary assurances of any monetary system, who have the most secure property rights in the world, they can use it for trade with no trusted intermediary anywhere in the world.
Carrot: Sick gainz. Ultimate freedom (turn off for some)
Stick: If you want to avoid devaluation and deplatforming, adopt bitcoin. Devaluation affects all of us today and deplatforming will eventually.
Also, tell them to check out bitcoin.rocks and the swanbitcoin.com rabbit hole section of the app.