Brainstorming Bitcoin

Does the exclusivity perpetuated by the Bitcoin community stifle widespread adoption? The anarchist rhetoric and extreme focus on security don’t appeal to the general public, yet that is all we see on Reddit and Twitter. What if we focused on marketing Bitcoin in a way that would appeal to the average person? What if we talked about what really gives Bitcoin its value—the fact that you can use it to buy goods and services?   Today, Larry and Kyle discuss how the online attitude of Bitcoin enthusiasts discourages adoption. They address the cryptocurrency’s need for quality marketing, explaining how the community could better promote its use.    The Brainstormers also describe the concern around the new nodes on the Lightning Network and offer insight around how Roger Ver intentionally misleads the public and further discourages widespread adoption of Bitcoin. Listen in to understand the pros and cons of the easiest Bitcoin onramps and learn what you can do to advocate for crypto adoption!   Topics Covered   Th

Are you intimidated by Bitcoin because there’s so much to learn? At the end of the day, the one thing you really need to understand in order to use the digital currency is recovery words. Once you have mastered the fundamentals of recovery words and learned how to protect and store them, you can join the revolution and enjoy the unhackable alternative to banking that is Bitcoin.    Today on the podcast, Larry and Kyle compare Bitcoin and banking, conceding that the traditional finance system may be easy to use but arguing that the security associated with crypto far surpasses that of traditional finance. They point out that most of us don’t fully understand how our credit cards work, for example, yet we use them every day—and explain how a basic understanding of private keys and recovery words is all that’s necessary to start using Bitcoin.   The Brainstormers also discuss the idea behind the Lightning Trust Chain and its progress to date, offering insight around how the network was created to facilitate smal

Brainstorming Bitcoin EP001 Marketing Bitcoin to the Masses   What’s holding back the widespread adoption of Bitcoin? The problem is that there is no problem. Or at least there doesn’t seem to be. The average American trusts the banking system and hasn’t bothered to study the declining value of the USD over time. And no killer new feature will inspire mainstream adoption until the crypto industry educates the general public around the benefits of digital currency. So, how do we market Bitcoin to the masses?   On the inaugural episode of Brainstorming Bitcoin, Larry and Kyle discuss the two key insights that would promote widespread adoption of cryptocurrency: 1) the understanding that we don’t own our money, and 2) the alarming statistics around the inflating US dollar. They explain how the last bull run and subsequent crash led to a lack of public trust in Bitcoin and why the average person may not be ready for the responsibility of controlling their own money.   The Brainstormers also discuss the new Casa L