Why SPENDING your Bitcoin matters | Don McAllister

The debate: BITs vs SATs & Why spending your Bitcoin matters in a BTC adoption curve. The Podcast Pioneer Don McAllister! If you want to chat with all the other Channel Members, check this out: https://www.youtube.com/channel/UCYEu3XGuHQy65iJpnzMIRrQ/join Where to store your Bitcoin? I personally use a BitBox! - Get a 5% Discount with code "ROBIN" - & visit: https://robinbtc.link/bitbox Where to buy Bitcoin? I personally use 21bitcoin! - Save fees with my code "ROBIN" - & visit: ⁠https://robinbtc.link/21bitcoin Best place to back-up your seed-phrase: - Get a 10% discount with code "Robin" - & visit: https://robinbtc.link/xellox Guest's contact: https://x.com/donmcallister Summary In this conversation, Don McAllister discusses his experience in podcasting and his interest in Bitcoin. They touch on the origins of podcasting and the debate between using Bits or Sats as a unit of measurement in Bitcoin. Don argues that using Bits could promote Bitcoin adoption, especially for newcomers who find the concept of 100 million Satoshis overwhelming. They also discuss the importance of spending Bitcoin to drive adoption and the challenges of self-custody. Don emphasizes the decentralized aspect of Bitcoin and the lack of reliance on third parties as the most significant aspect of the technology. Don McAllister started making screencasts to teach his family member how to use a Mac, which led to the creation of one of the first video podcasts before YouTube. He received donations and eventually monetized his content through a membership site. Don recently sold his business and now focuses on creating content and exploring Bitcoin. He believes there is a demand for Bitcoin content aimed at older generations and is considering starting a Bitcoin tutorial podcast. Don also shared his passion for 3D printing. Takeaways The word 'podcast' does not come from Apple; it was coined by Adam Curry and Dave Weiner. However, Apple played a significant role in popularizing podcasting. Using Bits instead of Sats as a unit of measurement in Bitcoin could promote adoption, especially for newcomers who find the concept of 100 million Satoshis overwhelming. Spending Bitcoin is important for driving adoption and creating a circular economy. While self-custody is ideal, not everyone will run their own node or hold their own keys. The decentralized aspect of Bitcoin, with its lack of reliance on third parties, is a significant and appealing feature of the technology. Bitcoin adoption is still in its early stages, and mass adoption will likely happen quickly once the big players get involved. Don McAllister started creating screencasts to teach others how to use a Mac, which eventually led to the creation of one of the first video podcasts. He monetized his content through a membership site and received donations from his audience. Don recently sold his business and now focuses on creating content and exploring Bitcoin. He believes there is a demand for Bitcoin content aimed at older generations and is considering starting a Bitcoin tutorial podcast. Don is passionate about 3D printing and recently purchased a 3D printer. Chapters 00:00 Introduction and Don McAllister's Background 02:20 The Use of 'Bits' in Bitcoin 08:20 The Importance of Spending Bitcoin 20:53 Decentralization and Self-Sovereignty in Bitcoin 23:57 The Role of Trust in the Bitcoin Ecosystem 24:24 The Future of Self-Custody in Bitcoin 25:48 Bitcoin Adoption: A Rapid Shift Similar to Email 27:49 From Hobby Podcast to Successful Business 43:45 Capturing and Maintaining Audience Attention