Jesse Myers, a former elite financial consultant turned Bitcoiner, shares his insights on the evolution of Bitcoin as it gains legitimacy in government realms. He emphasizes that the impending Strategic Bitcoin Reserve is unavoidable and predicts widespread FOMO buying at $1M per BTC. The discussion highlights the role of social media in promoting Bitcoin, the challenges of understanding it, and the personal growth required for new adopters. Myers also explores Bitcoin's shift from a speculative asset to a crucial part of institutional finance.
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Jesse's Journey
Jesse Myers's journey to Bitcoin started with traditional finance, including an MBA from Stanford and an altcoin hedge fund.
After the 2018 bear market, he realized his worldview was flawed and embraced Bitcoin maximalism.
insights INSIGHT
Trust Asymmetry
The difference between Bitcoiners and traditional finance elites lies in their level of trust in the system.
Bitcoiners are high-intelligence, low-trust individuals, while yuppie elites are high-intelligence, high-trust.
insights INSIGHT
Bitcoin Only Lesson
Most people need to experience the pitfalls of altcoins to understand the value of Bitcoin.
Insiders with early access to tokens may profit, but retail investors are often left holding the bag.
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The bitcoin standard
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The Bitcoin Standard analyzes the historical context to the rise of Bitcoin, the economic properties that have allowed it to grow quickly, and its likely economic, political, and social implications. The book takes the reader on an engaging journey through the history of technologies performing the functions of money, from primitive systems to modern government debt. It explains the operation of Bitcoin as a decentralized, distributed piece of software that converts electricity and processing power into indisputably accurate records, allowing users to perform traditional monetary functions without relying on authorities or physical infrastructure. The book also explores common questions surrounding Bitcoin and its potential as a store of value and a network for final settlement of large payments, challenging government monopolies and offering a vision of money extricated from politics and borders.
The Price of Tomorrow
Why Deflation is the Key to an Abundant Future
Jeff Booth
In 'The Price of Tomorrow,' Jeff Booth argues that technological progress is driving a natural deflationary force in the economy, which is being countered by government and central bank interventions through money printing and debt creation. Booth contends that our current economic systems, built on debt and inflation, are unsustainable and will lead to increased polarization and economic trouble if not adjusted. He advocates for embracing deflation and restructuring our economic frameworks to harness the abundance that technology can bring. The book covers a broad range of topics including the impact of technology on job markets, equality, and societal stability, and it concludes with a call to action for policymakers, business leaders, and entrepreneurs to adapt to these new economic realities.
"Any Bitcoiner who is mad that governments are getting involved in Bitcoin was always being unrealistic about what the path of maturation is for a nascent store value asset."
On this Bitcoin Talk episode of THE Bitcoin Podcast, Walker talks with Jesse Myers (AKA Croesus). They discuss the inevitability of the Strategic Bitcoin Reserve, how EARLY we are to adoption, why most people will FOMO buy at $1M per BTC, the Yuppie Elite dismissing Bitcoin, and more.
THE Bitcoin Podcast 
