Influenced

New Gurus: 7. Bitcoin FC

Dec 26, 2022
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INSIGHT

Language Keeps The Faith

  • Crypto vocabulary (HODL, moon, FUD) functions to maintain group faith and discourage selling.
  • The language helps create community norms that resist criticism during downturns.
ANECDOTE

How Bitcoin Entered His Life

  • Peter McCormack first used Bitcoin to buy drugs and later to buy cannabis oil for his dying mother.
  • Those early personal experiences convinced him of Bitcoin's practical power and spurred his long-term advocacy.
ADVICE

Convert Income Into Bitcoin

  • Leia Heilpern takes 90% of her earnings in Bitcoin and continues to hold despite income drops.
  • She advises that Bitcoin hasn't died and becomes more necessary as governments grow more tyrannical.
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