EP98: Weekend at Bernie's 2-Bit Idiots

We’ve always wanted to do an “Orange Pill Live” episode, to test our abilities in answering the questions of a precoiner and to see if (during the course of a podcast) we could convince someone to buy themselves their first Bitcoin. 

That was the intention of this episode, but in the time it’s taken us to schedule the pod with Bernie, he’d already got himself off zero! 

However, Bernie is Brendo’s mate, so we thought we’d go ahead with the call and press record anyway, and only publish it if we thought it might help someone out there. 

It turns out, Bernie has gone from zero to well down the road of hero in 2 short months, but he gave us a great perspective on the issues and questions a new Bitcoiner has right now. 

 

We discuss: 


Bulked-up Brendo 


“Crypto” misconceptions 


What made Bernie take the first step into Bitcoin 


The challenge of buying a home and deposit requirements 


University (HECS) debt indexation 


Lack of government support, lies about inflation, stimulus cheques, UBI and something having changed 


Trying to outrun inflation 


Savings accounts, stocks, risk taking and having a go 


What Bernie did practically when he decided to buy some Bitcoin 


Hot and Cold wallets 


Understanding a non-physical asset 


Personal responsibility, 2FA and key storage 


Steel Seedplates 


Speaking in Bitcoin or Sats 


The gradually then suddenly event horizon 


Volatility, risk taking and bag pumping 


Rewards programmes 


Why does Bitcoin crash and is it a buying opportunity 


Murrurundi golf 



 

Pod Shout-outs 

HardBlock 

https://www.hardblock.com.au/join/hats  

 

The Bitcoin Adviser (Peter Dunworth) 

*** Get your first 3 months free with The Bitcoin Adviser when you use referral code "SECURE" at www.thebitcoinadviser.com/contact 

 

Bitcoin Bush Bash 

http://bitcoinbushbash.info/  

 

 

Contact Us 

www.2bitidiots.com