#3: JP - Why Bitcoin, Dismantling the Ever-Changing 'Crypto' Narrative

JP is an experienced Bitcoiner, organiser of the Bitcoin Sydney Meet Up and co-host of the inaugural Bitcoin Alive conference held in Sydney this year. As a technologist with a deep understanding of database structures, JP offers a compelling account of his journey into Bitcoin followed by a humorous, yet articulate, take-down of 'crypto'.

JP is a man with integrity, passion and a willingness to share knowledge, not to mention a true veteran of the industry. It was an absolute delight talking to someone whose distain for sh*tcoinery exceeds even mine.

For those looking to understand the difference between Bitcoin and crypto, this episode is made for you.

1:00 JP’s entry into Bitcoin

 

11:05 How we are incentivised to spend and not rewarded by deferring gratification

 

16:30 How to explain Bitcoin to beginners, starting with “money”

24:10 Explaining volatility and how to manage it (hint DCA) 

32: 20 Distinguishing BTC from crypto

 

43: 20 What about blockchains?

 

50:00 Why ETH will never have an all-time high against BTC