We are heading into the back half of the current bitcoin halving cycle. Simply put the next halving will be sometime in March of 2024, and the reward per block will drop from 6.25 to 3.125. We call this a supply shock. Simply put Bitcoin has put in its bottom for this cycle and it will be a bumpy up and down journey from here that will trend upward likely for the next two years.
This means the excitement will pick up, tons of misinformation from both the pro and anti bitcoin sides will flow. Bitcoin is going to zero, bitcoin is going to 10 million, and all things in between. But what about practical, real world, common sense wealth building, commerce and practical understanding of bitcoin? That is what we will cover today.
First I will be answering some very beginner type questions on a few things and some basic definitions we tend to take for granted in the bitcoin community. Then let’s talk about the future of bitcoin, fears of CBDCs, etc. How we can use Bitcoin right now, what is coming next and why Bitcoin is superior to old forms of money like silver and gold as “uncensorable money”.
Join Me Today to Discuss…
- Some definitions to basic terms we throw around a lot
- Full Node
- Lightning Node
- Taxable Event
- Private Key
- Consent of the Governed
- Why I don’t recommend Coinbase Wallet as a wallet
- What is cold storage vs. hot storage
- The real weakness of gold/silver as uncensorable money
- Why Nostr marketplace will in time become a foundational parallel economy
- How Bitcoin monetizes stranded energy and why not doing so is fiscally irresponsible
- Why I pretty much ignore all Bitcoin FUD, claims they will ban it, etc.
- The lesson of “The Walls of Babylon”
- Why I am not afraid of CBDCs
Resources for today’s show
- Follow Life With Jack on Instagram
- Join the Members Brigade
- Join Our Forum
- Walking To Freedom
- TSPC on Discord
- TSPC Group on Telegram (group chat)
- TSPC Telegram Channel (just messages from me)
- Jack on MeWe
- Join Me on Odysee
- All My Bitcoin Tools in One Place
- How to Self Custody Your Bitcoin
Sponsor of the Day…
- Start9.com – Take Back Your Digital Sovereignty
- Ridge Wallet – Minimize your EDC and Protect your Identity
- The Self Reliance Festival in Camden TN
- Paul Wheaton’s Newest Super Awesome KickStarter
- Join the MSB Here
- Redneck Hippy Duck Farmer T-Shirts at TspSwag.com
- The Urban Worm Bag Composting Bin – Item of the Day
Video Version of this Podcast Episode
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