How to stay optimistic in the “slow times” of Bitcoin: The Bitcoin Bridge is designed by Kurt Wuckert Jr.
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Prepare for multiple doses of bitcoin wisdom in this week’s episode of The Bitcoin Bridge. The latest show is a chat with Kurt Wuckert Jr., CoinGeek’s chief bitcoin historian – known for his prolific social media posts and enthusiasm as well as his extensive knowledge of bitcoin.
Kurt and I have been reporting on this scene for many years, and one thing we know for sure: Sometimes there are slow times in the Bitcoin world. It doesn’t help if things seem slow at the exact same time that the others we know are hitting the coin / token jackpot. How do we stay upbeat, on message and focus on the long game when this happens?
Jon and I have got to a point where we can start saying, “We’re going way back!”
It’s always a pleasure to catch up!
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– Kurt Wuckert Jr @ 292 @ (@kurtwuckertjr) March 18, 2021
We are talking about the nature of wealth and investment. Bitcoin was never intended to be a “savings account in the cloud,” says Kurt. BSV is a different game. He knows a lot of people who have made big bucks buying junkie tokens and all the best for them. But Bitcoin is supposed to be about changing the world, and that doesn’t just happen overnight. It doesn’t happen by itself either.
The token is not the product … or it shouldn’t be
Check Out Other Blockchains: What Is Their Economy Made Of? Often times it seems that the token or entity they are using is the actual product. The “investment” owners make it a gamble at best, pump-and-dump at worst. In Bitcoin, the BSV unit is not the product, and we shouldn’t see it that way.
Remember getting rich because you found a way to make some residual income by receiving 50,000 micropayments per day after solving a real-world business problem, says Kurt. Wealth is always better when you have created value for someone else. Proof of work shown if you wish.
These things take time and effort. To take full advantage of Kurt’s wisdom about Bitcoin and life in general, you must watch the entire interview. You will definitely feel better than you did before, although we will just as happily appreciate the pessimism and the not-so-positive points (we will only find ways to overcome them).
But even if you are not an app builder or a business problem solver, it is important to keep in mind that there are many other ways to earn an income from the Bitcoin economy. That’s the advantage of being in an industry that is trying to change the world. Finding whole new ways to make money. Even if other people build the platforms, there are still plenty of ways in Bitcoin to take advantage of it.
We’d love to hear your thoughts and suggestions for The Bitcoin Bridge too. Is there anyone you would particularly like to hear from? What would you ask her We are closing many gaps, cultures and problems here. Make sure you have a streamanity account, follow the CoinGeek channel and stay up to date on the latest content.
Check out previous episodes of The Bitcoin Bridge on Streamanity.
New to Bitcoin? Read CoinGeek’s Bitcoin For Beginners section, the ultimate resource guide, to learn more about Bitcoin – as originally envisaged by Satoshi Nakamoto – and blockchain.
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