If you had somehow found yourself deep in macro/commodity/goldbug/outdated-photos land for a weekend, and could present basically anything to this type of audience, what would you present about?

Hypothetically speaking, if "bitcoin" is your answer, a more sufficient answer would be to suggest which *specific* aspects of bitcoin to appeal to them.

I've done a few conferences like this before and I tend to focus on freedom aspects. I'm like, "who here in the audience knows who Phil Zimmerman is? Basically nobody? Okay cool, let's talk about encryption and rights and the shenanigans he went through." And then I can move that into a global perspective. "Imagine you're in Argentina. What do you do for money? So, I know a new company called Fedi that seeks to help communities build their own private full-reserve banks. Want to hear about it?"

What would you emphasize here that would connect well?

Reply to this note

Please Login to reply.

Discussion

Liquid scarcity. Focus on the juxtaposition of cap of coins vs the velocity of the sats.

Well unless I was selling myself or my service I would not give a fuck . Because it doesn’t matter. Just as everyone else , they will come around at the price they deserve

Un-eff-withable savings technology

Bitcoin is harder than gold.

You can mine gold from an astroid or you can produce it using alchemy. You cannot do that with bitcoin.

Volatile nature of it allows more rebalancing and we all know it is the only free lunch.

Maybe this will inspire you! 😉👍

https://satoshispage.com/bitcoin-the-gold-standard

1) 1980’s conference logo design - opportunity to veer into lessons and warnings from 1984

2) aliens (duh) - opportunity to veer into lessons from macro in the 1940’s (Roswell was 1947)

3) ‘non-resident’ aliens: freedom technology as a force for good and opportunity in the 3rd world… and because just one section on aliens isn’t enough.

4) last slides, how does Bitcoin tie all of these themes (and more) together

Rogaine.

I think I’d emphasize things that Bitcoin can do that gold/other commodities can’t. I’m sure almost everyone understands that you can send Bitcoin over the internet instead of requiring physical transportation, but how much do the goldbugs know about multisig?

Mitigating the risk of having a single physical location where your commodity has to sit at any given time might not even occur as something that’s possible to your average goldbug.

II’d definitely include nearly instant nearly free cross border payments via lighting with nostr:npub1cn4t4cd78nm900qc2hhqte5aa8c9njm6qkfzw95tszufwcwtcnsq7g3vle & Strike & include how it’s interoperable with other companies on lightning.

For that audience: "Money the democrats hate."

For me at least, the relative portability aspect of bitcoin gives it advantages over gold.

On the other hand, gold offers discrete transactions that seem not possible with BTC. Discussing the possibilities of running sterile transactions seems useful.

Outside of that, some look at relative volatility and security of BTC compared with the competitors- metals, bonds, commodities, etc would be interesting.

I'd present the "real, tangible world" aspect of mining it. Like any other commodity, it takes real effort (electric energy in Bitcoin's case) to produce it.

Energy consumption is a necessary part, the feature that makes it a real asset some may say.

From my experience this audience has a hard time realizing value on things that do not have a strong connection with "real world" stuff (that's not my view, but it's usually theirs). Many of them say it's created out of thin air (fiat anyone?), but in reality it take lots of energy to be created (change Greenpeace, not the code).

Once they perceive it's value (as a commodity that takes tangible effort to produce), and on top of that you add qualities like being inconfiscable, uncensorable, untaxable, well, it becomes unbeatable.

Maybe there's something interesting to them in the idea that if the gov't can take your property (or alter access/utility so as to make it worthless to you), then do you really own it?

Like digital ID/CBDC, for instance, is basically weaponizing your identity against you for compliance, such that you don't even really own yourself.

Ahhh... nvm. They wouldn't understand.

I would emphasize the oracle problem with digitizing gold/commodities and knowing that, the difficulty in using large heavy physical objects as a medium of exchange in a digital world. Most of them still think you can have a gold or commodity backed digital currency with no inherent issue in regards to its backing. The truth is the issue is fundamental and unavoidable. In order to have digital sound money it needs to be natively digital, there is no alternative yet discovered.

Defining perfect money and outlining the evolution of money.

Aligned incentives. When doing the right thing is advantageous to both the investor and those they serve, progress reaches another level. Our current systems incentivize corrupt behavior, such that one person’s gain comes at the expense of another.

The real estate guys: Digital property > physical property because portability, seeks most favorable tax jurisdiction, no property tax, similar store of value characteristics vs depreciating dollar, more liquid, no new supply.

Collum, Taibbi: Censorship resistance

Gammon, Schiff, DiMartino Booth: Money printer protection, Macro fire alarm, only free market left, etc.

On second thought forget about Schiff he’s actually a retard/playing a character/both

what are the reasons they like gold?

i would say probably because it allows them to be self-sovereign. but interestingly some might also like it because governments hold it and that makes them feel validated. and maybe the most important, the price goes nowhere so they feel like a contrarian and like they found a secret that NO ONE else knows about that will “save them” when armageddon hits (they are the special chosen ones)

More importantly, what are the reasons they don’t like gold?

I would say it’s the inconvenience of owning it(?) but idk some seem like they enjoy the physical nature and the inconvenience of it. Maybe the “manipulation” that occurs in the paper markets. Maybe you could talk about how bitcoin paper markets would be harder to manipulate (as evidenced by the collapse of all the rehypothicating crypto companies last year)

Tough crowd, judging by the speakers, so let me say I respect that you’re trying to focus on Bitcoin. Respect. What you do matters, Lyn.

My 2 sats: Don’t try to win anyone over intellectually to Bitcoin. They’re either there, or buttressed against the narrative.

I think your instincts are right to approach it from the Bitcoin Network aspect.

Not the token. The network is where the value lies, and I suspect it wouldn’t hurt to allude to how every investment institution has recognized this.

Also, I believe you’ve spotted the right wedge - the important bridge between fiat money and (sound money) Bitcoin is, imo, the cypherpunks. I sincerely believe that becoming disillusioned with fiat is first base, and understanding the cypherpunks is second. Absent that, modern investment professionals get very lost. Most can’t make the stretch between the disillusionment w/ fiat and the long, intellectual reaction/response to fiat that is the cypherpunk movement. Its key, imo.

Personally, I wouldn’t speak at a conference like this and bring my ego, expecting to Orange-Pill. I’d throw myself to the imagined wolves…be authentic, enthusiastic about Bitcoin, have Fun! and be humble that I know who I am, I’m valued by my tribe, it’s not my worry that they get me. Not saying I’d go Max Keiser, just that I’d decide that I’m making the presentation the best and most fulfilling experience for myself. Let what happens happen after that.

So tl;dr: I approve your tack, I guess I’d only add as someone with decades of experience before crowds: If you genuinely enjoy what you’re presenting, prepare, and shamelessly offer whatever lights a fire in you, then that enjoyment and dedication will find its rightful home and your time will be well spent and you’ll experience no shame. Sometimes it fails, ngl, but more often you’ll hit a home run.

Am I talking down? nevermind I won’t edit, I sincerely only wanted to give you something to work with. Cheers!

Along with the Argentina thought experiment. Ideas and stories from Gladstein's books. Or Oslo freedom forum. Or probably content from your book about the same. Not about bitcoin, just about shitty money and monetary colonialism. I was well into the bitcoin world before it occurred to me how much of the world has to live under those circumstances, and how much we take for granted. I reckon some of these folks are relatively unaware as well.

Regardless of what you like as a hedge for poopoo money, I think some perspective on what others in the world go through is valuable.

My go to is reiterating what Ross Stevens said in that interview with Michael Saylor. Bitcoin is the only commodity where the supply is unaffected by the demand. And the salability across time and salability across space aspects of bitcoin that vastly surpasses everything else.

That just looks like the passing of the guard.

It’s an investment conference so how about bitcoin backed bonds?

Majority they are old enough not to conclude they have been wrong. I would start with a historical example that being wrong was in fact a good thing.

Goodluck with the Dinosaurs

Maybe an aspect not over emphasized about Bitcoin could be the educational one.

At anypoint of the speech you could say something like this: "Bitcoin helps you to stay away from the stuff you don't need to buy. Why? Because marketing usually likes to say 'Starting from a thousand dollars...' (or something like this)

If someone asks "Ok cool, but what about whit something I really need?" No problem, just use Bitcoin :)

What that means? It means that you give value at the mean of the exchange but also at goods & services you're gonna buy with it.

Less waste of money, less waste of production etc... more awarness

Ok, it could seems quite akward but it could works...or at least I hope

demographic (age) shift in bitcoin adoption

I’d probably try to find something in Louisiana’s history or economy that I could connect with te here and now.