The old system is toast.

The question is - what can we do about it and how can we prepare for the new economy?

1. Keep the momentum going. 1 million new bitcoin wallets were created last weekend.

Keep learning and keep sharing what you know.

Make an extra effort to support people who are spreading the good word. If you can’t contribute SATS, consider subscribing, following, sharing, and liking. It doesn’t cost anything and it helps a ton.

2. Get your shit in order. Make sure you have a rock solid bitcoin security process. Make sure your devices are clean. Make sure the hardware you’re plugging the devices into is clean.

Consider all the WORST CASE scenarios and beef up if needed.

*don’t be plugging your device in the same laptop that’s been on pornhub!

**STRONGLY consider getting a coldcard from #[0] and coinkite. They’re the best in the business. I have a code for 5% if you need!

**+If you or someone you know needs help with this, please reach out. It’s what I do.

3. Decentralize yourself. Eliminate single points of failure. If your normal exchange goes tits up, how are you buying and selling bitcoin?

Even if you don’t buy anything, set yourself up on some centralized exchanges like Shakepay, Coinberry, Newton, etc. and some decentralized exchanges like BISQ. And even some over-the-counter exchanges with real humans like Caleb & Brown.

These are just more tools in your bitcoin tool kit.

4. Put an emphasis on earning FREE sats wherever possible. These incentives won’t be around forever. As more people get into bitcoin, they will no longer need to incentivize.

Use apps like Shakepay and the Shakepay Visa for buying everyday items. Fountain for podcasts. Brave browser for your, browser. Rewarded.tv for earnings tokens for watching movies.

5. Swap your alt coins for bitcoin. Bitcoin is different than the other cryptos. It’s going to be considered a commodity.

*not my opinion

This has significant long-term implications compared to securities.

Once the majority of people figure this out, there will be no liquidity left in most alt coins and they’ll be even more worthless.

Unless you have HIGH conviction on the project, swap it for BTC.

6. Sell your stuff for bitcoin. This could be things in your garage, or the products/services that your business sells.

This is a cheat code right now.

Use apps like Damus to sell items - everyone on this app knows how to use bitcoin and might be willing to part with some SATS if your product is good enough!

7. Look at your monthly bills and where you spend your money. Would any of these vendors be willing to accept bitcoin instead?

The guy who clears your snow, your barber, your local meat shop, your local restaurant?

You don’t know unless you ask. This is the first step in building your own circular economy.

8. Find a community. Locally or online. Find people who share your interests and also love bitcoin.

And if nothing exists, start your own.

We have a project combining golf and bitcoin called the 88 SATS project. We’ve already gotten 50 new people into bitcoin over the past few months. We’re creating our own network and circular economy while sharing a common goal - invest some bitcoin into a fund and buy our own golf course when the purchasing power is high enough.

I posted a video talking about this. You can find it here: