2024-12-26T09:11:41+0000

David Bergfeld about NATION STATE FOMO, Bitcoin Mining, and how Big of a technology shift BTC is! Get the Best Bitcoin Watches ever: - Here: https://www.coinvigilante.com/?ref=robinseyr Where to store your Bitcoin? I personally use a BitBox! - Get a 5% Discount with code "ROBIN" - & visit: https://bitbox.swiss/robin Contact the CyberSecurity & Self Custody Experts from the Bitcoin Way: - 30 mins free call with my link: https://www.thebitcoinway.com/partners/robin Guest's contact: https://twitter.com/DavidBTCRebel !!! Disclaimer: This content is for educational and/or entertainment purposes only. The views expressed by Robin Seyr and guests are their own and do not reflect any responsibility or liability on our part. Neither the Title, Thumbnail, describtion or the Video itself represents financial advice. Purely for Entertainment and/or Education purposes. Summary In this conversation, Robin Seyr and David discuss the current state of Bitcoin mining, the adoption of Bitcoin in El Salvador, and the broader implications of living on a Bitcoin standard. They explore the challenges and advantages of Bitcoin adoption, the role of government in education, and the emotional aspects of spending Bitcoin. The discussion also touches on the future of Bitcoin, the mindset shift within the community, and the potential of Bitcoin mining as a service. Takeaways One third of Bitcoin miners are in America. El Salvador is a unique case for Bitcoin adoption. The general population in El Salvador is not using Bitcoin widely. Government incentives are crucial for Bitcoin education. Talent is returning to El Salvador due to Bitcoin opportunities. Living on a Bitcoin standard presents both challenges and advantages. The emotional aspect of spending Bitcoin can lead to a mindset shift. Bitcoin mining can be a profitable investment strategy. The Bitcoin community emphasizes long-term thinking. Bitcoin's future is about more than just price predictions. Chapters 00:00 Global Perspectives on Bitcoin Adoption 01:06 Experiences in El Salvador 06:59 The Reality of Bitcoin Usage in El Salvador 10:00 Education and Strategic Adoption in El Salvador 12:45 Living on a Bitcoin Standard 18:47 Challenges and Opportunities in Bitcoin Transactions 26:04 The Mindset Shift with Bitcoin 29:10 The Importance of Community in Bitcoin 34:28 Understanding Bitcoin Mining 41:02 Bitcoin Mining as a Service 53:15 Future Predictions for Bitcoin 56:27 Lessons Beyond Bitcoin