In this episode of Bitcoin Magazine’s “Meet The Taco Plebs”, I was joined by my good friend, “a man of the people,” Vake. He’s been in the Bitcoin scene much longer than many and gave some quality insight into what was going on around BTC in 2013 and 2014.
Vake is a real pleb and I had the opportunity to meet him in person earlier this year. The day I flew to Texas for the popular Bitcoin-only conference BitBlockBoom !, I met him and a few others for dinner. We had a great discussion on several different topics around Bitcoin and I could see he had a deep understanding of it.
Below are some of the best thoughts Vake shared during the interview. And be sure to check out the full episode for more.
How did you find Bitcoin and fall down the rabbit hole?
“I got involved with Bitcoin in April 2013, when the price broke $ 100 and it got a lot of news coverage. Before that, I was quite a libertarian and a huge fan of Ron Paul’s 2008 and 2012 presidential runs.
“His book ‘End the Fed’, which came out in 2009, had a huge influence on me. So when I first heard about Bitcoin while watch an interview with Jeffrey Tucker on YouTube (which is no longer on YouTube), it intuitively made sense to me. However, it took about six months to get my first sats as I wanted to make sure it wasn’t a scam before committing any money to it. It’s been an endless rabbit hole ever since as my understanding of Bitcoin has deepened significantly. ”
How has Bitcoin changed your life?
“It’s clear that stacking sats has been a financial benefit, but it has also encouraged me to become more thrifty. I now look much more carefully at all my expenses and try to avoid buying what I don’t need.
“Bitcoin has also given me a lot more optimism about the future; Before that, being a libertarian was a very depressing affair, because it felt like we were constantly losing ground to an ever-expanding state. Now it feels like we finally have an instrument to fight back, an instrument that cannot be stopped. “
What do you consider the most amazing thing about Bitcoin?
“There are many attributes to Bitcoin that are attractive; the scarcity, the censorship resistance, but what stuck with me most was the unconfiscability. I had heard stories of refugees fleeing danger, such as the Jews leaving Nazi Germany, who often had to leave behind all their belongings and savings. In a world where governments can seize bank accounts and property, it was quite clear that having property that cannot be taken from you (but only surrendered by you) has inherent value. “
How would you advise someone to learn about Bitcoin? What are your favorite podcasts, articles and books?
“I basically consume massive amounts of Bitcoin content every day, and right now we live in a shame of wealth. I regularly listen to over two dozen Bitcoin podcasts, but if I had to pick just one I’d say ‘Tales From The Crypt’ as I rarely miss an episode. The Rabbit Hole Recap episodes with Marty and Matt are the best way to keep up with the constant developments in this space, and Marty always gets interesting guests to interview.
As for the articles, the mempool section of the Satoshi Nakamoto Institute is one of my favorite content in this space. When I first started with Bitcoin and quality writing was much more scarce, the Nakamoto Institute was one of the few reliable sources of information.
“When it comes to books, I usually send someone new to Yan Pritzker’s ‘Inventing Bitcoin’ because it’s very short and easy to explain. I am currently trying to get a more technical understanding of Bitcoin, and before that I have been slowly going through ‘Grokking Bitcoin’ by Kalle Rosenbaum. ”
What’s Your Best Bitcoin Pitch?
“When I show Bitcoin to family and friends, I tell them it is a form of money that cannot be reduced or confiscated, making it fundamentally superior to fiat currencies. Unfortunately, the field rarely seems to work. I’ve told hundreds of people about bitcoin over the years – friends, family, colleagues, bosses, dates – and only a few really took it seriously and bought it. “