Tweet of the Day:
“Today I learned the dollar has lost 99.93% of its value since 2013 (relative to Bitcoin).” – Edward Snowden… yeah, that Edward Snowden.
An Assortment of BTC Prices:
1 BTC = 32.35 Ethereum
113 Christmas Trees Priced @ $159 = 1 BTC
.5 BTC = 15 shares of Tesla
When did I first hear about Bitcoin?
Shoutout to my Dad for being so wonderfully deficient in the use of technology because without him I would still be one of those Finance guys on Instagram searching up tips on trading Forex. Ew.
A few months ago, Pops (that’s what I call my Dad) came home with a new business plan. He works at a small idea-incubator shop, so this wasn’t out of the blue. The new business plan, however, was wack.
“These guys, they call themselves bitcoin miners, they want to siphon off some of the excess natural gas currently being flared by many an oil company and use it to mine cryptocurrencies,” my Dad explained whilst scratching his head in total confusion. “Do you know what a Bitcoin is?” he asked.
I said no. I remembered reading an article a few years back in Forbes documenting the rise of a young group of Bitcoin millionaires popping up around San Francisco, but that was it. I had no idea what a cryptocurrency was beside the vague notion that it was sketchy and volatile internet money that I was pretty sure was used to buy drugs and swing crazy trades.
My Pops decided he needed to know more about this internet money in order to provide due diligence for this wack business plan that was bouncing around his incubator. He thought the idea of internet money was pretty interesting. My Pops is cool like that: he cannot, under any circumstances, figure out how to change the input on a TV or turn bluetooth on/off to connect to a speaker, but he can somehow see the potential explosion for an internet based form of money.
So Pops asked me to buy him some Bitcoin. He gave me a few hundred dollars and told me to go crazy.
After buying Pops a few hundred dollars worth, then a few thousand, then a full coin worth, I decided it was time to understand what I was buying.
And down the rabbit hole I went.
It started with a few books. Then a couple dozen articles. Added Pomp’s Podcast and What Bitcoin Did to my daily drive home from work.
In a month I was talking about Austrian Economics and the devaluation of the dollar.
My first purchase of BTC was for $100 on Coinbase. I was the proud owner of .02 BTC.
I’ve been stacking ever since.
That’s all I have for today!
-Kram
KRAM 