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BobbyBuckle
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2024-10-27 08:13:54

BobbyBuckle on Nostr: GMšŸ«–šŸµ Finally managed to orange-pill my brother-in-law this weekend while we ...

GMšŸ«–šŸµ

Finally managed to orange-pill my brother-in-law this weekend while we were staying over for my sonā€™s football tournament.

Iā€™ve been dropping hints to him about Bitcoin for a couple of yearsā€”small nudges, sharing an article here and there. Heā€™s always been interested in stocks and economics, listens to podcasts, but I could never quite get him to fully consider Bitcoin.

I recently sent him Seeteeā€™s Letter to Shareholders and the Bitcoin Whitepaper. The shareholder letter actually sparked his interest. Later, as he helped me cut down seven trees this fall, we talked a lot about Bitcoin, and I could tell his curiosity was growing.

I also sent him a podcast episode on Austrian economics from @Andreas Harding, featuring Ole Emil Augland and Hjalmar Hauge, and that really caught his attention.

But then, he sent me a few podcast recommendations on gold and silver, mentioning he was considering buying shares in MicroStrategy or investing in gold and silver.

Thatā€™s when I decided to go all in. I explained that, yes, MicroStrategy does have exposure to Bitcoinā€™s price with leverageā€”and all the tricks that come with fiat. He responded, ā€œYou Are right, you never know what the company might decide to do in the future.ā€

Then I showed him the @fountain_app, where you can support with sats by ā€œboosting.ā€ I used @RabbitHoleRecap and the split between @ODELL and @MartyBent as examples. Thatā€™s when things clicked for himā€”the idea that you can send just 10 sats per minute ($0.007), something impossible with fiat because of transaction costs.

Since he works in imports, he understood this right away. I went on to explain that traditional economics often misses the fundamentals, saying things like, ā€œThereā€™s no revenue in Bitcoin, so the value must be zero.ā€ But if the entire world used Bitcoin, global GDP could grow by 2-3% purely from transaction cost savings. He even pointed out that we wouldnā€™t need every company or customer on boardā€”a small percentage adopting Bitcoin could be enough to push fiat to become cheaper and more efficient. But fiat just canā€™t compete with that. So thenā€¦

Heā€™s still eager to read, listen, and learn a bit more before committing larger amounts, but I just got a screenshot: heā€™s bought his first sats through Bare Bitcoin and is setting up a small DCA plan with each paycheck.

The perfect start to a Sunday.

Only way this day could get better is with good results at my sonā€™s football tournament and a Tottenham victory over Palace this afternoon! šŸ˜

Here he is, helping me with those big trees. Now Iā€™ve returned the favor by helping him start down the rabbit hole. PoWšŸ’Ŗ
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