Wining Hearts and Minds for Bitcoin w/ Andy Edstrom and Peter McCormack

Jan 28, 2021

54:55

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In this week's Bitcoin Magazine podcast, Christian Keroles sits down with Andy Edstrom and Peter McCormack to discuss their recent contribution to Bitcoin Magazine Wining Hearts and Minds for Bitcoin.

Both Peter and Andy believe that Bitcoin is inevitable and has already won but it can be easier or harder depending on how bitcoin evangelists educate. They believe that thru rhetoric and appeals to moral foundation theory, Bitcoin evangelists can better explain to skeptics and newcomers the numerous positive implications of adopting Bitcoin.

Moral foundations theory is a theory on how humans make decisions and establish attitudes about things. The theory his a heavy influence on the book Righteous Mind which is the

inspiration for the article.

These foundations from Moral Foundations Theory are:

(1) care/harm,

(2) fairness/cheating,

(3) loyalty/betrayal,

(4) authority/subversion,

(5) sanctity/degradation

(6) liberty/oppression.

In the article you all apply this mental model towards mining and energy usage.

"Bitcoiners need to educate people on this topic and avoid beginning passively on the back foot. Whenever talking to someone who is concerned with Bitcoin’s environmental effects, it may make sense to lead with this question: “Could you please explain to me how we’re going to defeat global warming without Bitcoin?” (I.e., defend your doomed sticks arguments, and I’ll respond with my Bitcoin carrot.)"