Put Your Bitcoin Fears Aside
two foundational resources that your 5 year old can understand
This Week’s Brief That Should Simplify Bitcoin
If the fear of complexity is holding you back. These simple breakdowns can help you navigate Bitcoin in a way that makes sense.
One of the more common complaints about Bitcoin is that it’s too difficult to understand. Yes, Bitcoin is different and there are a lot of complexities in the underlying code. But, it’s rooted in everything that has come before it - Internet protocols, peer-to-peer networking, file sharing/cloud, social network effects, e-commerce, messaging, and money.
So, from a technology standpoint, it’s not all that new or difficult. What is difficult, is to grasp the breadth of Bitcoin because it is the first to assemble all of these things into one function.
Not only that but Bitcoin hinges on the one thing that we all wrestle with; money and value. Better yet, it attacks our societal value systems. Which, at the moment, are far from where they should be.
On the surface, it seems the real hurdle… is the fear of having to unlearn the principles we thought we already knew.
Below are two resources that I think can help simplify Bitcoin. Enjoy!
Bitcoin and The American West by Croesus (Jesse Myers)
text version or podcast version
Why it’s important:
It takes what we know. The pains and trials of how the United States was settled and compare it to the rise of Bitcoin. It breaks down the realities of settling a new frontier. Like the US, unspoken for land, Bitcoin is a new frontier.
Frontiers are built by select view pioneers that are willing to risk everything while knowing only a handful made make it. Many of those don’t get to enjoy the wealth and riches they accumulate on the journey. But, those that come after do, though in smaller and smaller increments. Over a longer period of time.
This resource does a really good job of conveying how difficult it is to establish something new that changes the world.
How long it takes to do so. How at each turn it seems like you’ve reached a peak only to continue to grow and evolve further into something that those early pioneers may have dreamed of, but at the same time had no understanding of the realities of the future they were building.
When early pioneers laid claim to thousands of acres of uninhabited land, they likely had no concept of the fact that one day major cities, cement, skyscrapers, cars, and all the innovations we have today would occupy those same lands.
But yet, they paved the way. Bitcoin is much the same.
The early inventors and pioneers, in reality, have no idea of the immense amount of value they ultimately create. This monetary technology will bring about change that will evoke new privileges for 8 billion around the globe. But, it will take time. Lots of time.
Bitcoin and the Start of the Information Era (Luke Broyles)
tweet thread or podcast version
Why it’s important:
Luke does a phenomenal job of compressing many of the works before him. Simplifying the topics of Bitcoin education, historical accounts, and the value of money and its spiritual ties. The latter of which I wrote a piece on earlier this week just before finding Luke’s work.
With my brain prepped, I found Luke’s work to be a distilled down and simplified version of prior depth and brevity. He did so in simple bite size pieces that anyone can understand and appreciate.
Luke covers the history of our rising and falling civilizations and the evolution of man on earth. Why money matters and what money really means. The value of money and how Bitcoin impacts it today and will continue to do so in the future.
He goes further into this informational revolution we are in, how early we are, and what Bitcoin’s role will be as it continues to unfold.
Why Should You Care?
It’s quite simple. The world has changed and it’s not going back.
Turbulence is most likely when change is afoot. But, as all pioneers find out, “there’s gold in them hills.” There is wealth and riches to be had for those who are willing to fight the battles that come with the territory.
Belief is required.
Faith must be maintained.
Work is to be done.
If… we want to continue to move forward in our time here on earth.