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61: Cory Timmons ON: The Social Layer of Bitcoin

Nov 26, 2024

In this discussion, Cory Timmons, an economist and host of the Ottawa Bitcoin meetup group, shares his passion for building the Bitcoin community. He emphasizes the transformative power of in-person meetups during the pandemic, revealing how they deepen understanding and engagement with Bitcoin. Cory discusses Canada's vibrant Bitcoin culture, the significance of local meetups for newcomers, and the vital role these connections play in education. He also reflects on memorable experiences from conferences and the unique dynamics of face-to-face Bitcoin interactions.

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ANECDOTE

Meetup Inspiration

Cory Timmons attended Bitcoin meetups in Montreal and Waterloo.
This inspired him to organize meetups in Ottawa, emphasizing the need for physical interaction among Bitcoin enthusiasts.

insights

INSIGHT

Trust in Bitcoin

Trusting faceless money is challenging because people are used to traditional currency.
Bitcoin's nature as faceless money presents obstacles for those seeking financial security.

insights

INSIGHT

In-Person Connection

In-person Bitcoin conversations are crucial for building community and support.
While online resources are helpful, real-world interaction is essential.

Get the Snipd Podcast app to discover more snips from this episode

Building Community Through Bitcoin Meetups

02:30 • 21min

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Exploring Community and Podcasting in the Bitcoin Space

23:59 • 3min

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Exploring Bitcoin Podcast Diversity

26:40 • 9min

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Exploring New Voices and Bitcoin Community Engagement

35:51 • 2min

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Community Building in the Bitcoin Ecosystem

37:32 • 3min

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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.

The bitcoin standard

Saifedean Ammous

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.

In this episode, you'll learn why meeting fellow Bitcoin enthusiasts in person can deepen your understanding of the technology and strengthen your commitment to it. You’ll also learn the importance of creating local meetups to foster community connections, how attending Bitcoin conferences and meetups can be less intimidating than you think, why Canada has a strong Bitcoin culture despite its size, and how beginners can get started with Bitcoin.

Cory Timmons is an economist, Bitcoiner and the host of the Ottawa Bitcoin meetup group.

Timestamps:

[03:36] How Cory got into Bitcoin

[04:25] Discovering Bitcoin during the pandemic

[05:31] The importance of truth in Bitcoin

[06:08] Realizing Bitcoin is more than digital gold

[06:52] Why Bitcoin meetups matter

[07:30] The impact of attending meetups in Montreal

[08:24] How the Ottawa meetup started

[09:10] Why in-person Bitcoin conversations are crucial

[09:38] First impressions of Bitcoin conferences

[10:20] How conferences differ from meetups

[10:55] Understanding the social aspect of Bitcoin

[11:38] How Bitcoin changes everyday life

[12:12] The role of Bitcoin meetups in education

[12:49] The value of asking questions at meetups

[14:22] Organizing meetups to grow the Bitcoin community

[15:22] Why Canada has a strong Bitcoin community

[15:59] Cultural factors driving Bitcoin adoption in Canada

[16:56] Impact of the 2020 lockdowns on Bitcoin awareness

[17:40] The rise of Canadian Bitcoiners

[18:33] How meetups build trust among newcomers

[19:12] Making Bitcoin accessible for beginners

[19:47] Different types of Bitcoin meetups

[20:28] Hosting themed meetups for deeper connections

[21:06] Organizing BitDevs meetups for developers

[21:49] How to attract newcomers to meetups

[22:44] Balancing beginner and advanced meetups

[23:20] Tips for hosting successful meetups

[24:00] Why meetups are the entry point for Bitcoin

[24:38] How Bitcoin meetups have grown

[25:19] Cory's favourite Bitcoin podcasts

[26:05] Podcast apps that reward listeners in Bitcoin

[26:39] Using the Fountain app to earn Bitcoin

[27:20] Bitcoin podcasts for beginners

[28:10] Podcasts for beginners vs. experienced Bitcoiners

[28:48] How listening to podcasts accelerates learning

[29:36] Challenges of starting with advanced podcasts

[30:12] Overcoming the learning curve in Bitcoin

[31:03] How podcasts help with Bitcoin adoption

[31:42] The role of podcasts in building the Bitcoin community

[32:28] Tips for finding good Bitcoin podcasts

[33:15] Cory's recommended podcasts to check out

[34:01] Cory's recommended guests to listen to

[34:43] Why different perspectives are valuable

[36:02] How Bitcoin changes your mindset

[36:54] How Bitcoin impacts your approach to money

[37:30] Why connecting with others is essential

[38:14] How Bitcoin fosters community

[38:45] Building connections through local meetups

[39:28] Planning the next Bitcoin meetup in Ottawa

To learn more about Cory (aka Boomer) check out this Bitcoin Magazine Article or find him at The Broken Ruler on X.

Resources Mentioned:

The Price of Tomorrow by Jeff Booth | Book or Audiobook

The Bitcoin Standard by Saifedean Ammous | Book or Audiobook

The Bitcoin Standard Podcast with Saifedean Ammous | Website

The Canadian Bitcoiners Podcast with Joey and Len | Website

Tales From The Crypt (TFTC) with Marty Bent | Website

We Study Billionaires - The Investor's Podcast with Preston Pysh | Website

Rock Paper Bitcoin by ₿usiness Cat and Fundamentals | Spotify or Apple

Citadel Dispatch with Matt Odell | Website

Fountain Podcasts | Website

Find More From Scott:

Scott Dedels | X

Block Rewards | Instagram

Block Rewards | YouTube

Block Rewards | TikTok

Block Rewards | Website

Block Rewards | LinkedIn

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