How memes carry Bitcoin to the moon with Chad_Capital

Advertisements

Check out this episode on YouTube

Listen to this episode:

Understanding Bitcoin can change your life. Once you get it, your entire system of assessing what is worth of your time, money, and effort will change too. I discussed this idea and more with Brad, the newest member of the Bitcoin Conference team, on Twitter as @Chad_Capital.

He and I discussed how he first heard about Bitcoin, which was due to the contagious excitement many feel about Bitcoin once they understand it. It seems that there is an exuberance that emanates from humans once the incentives of nature are matched with a technological experience available to them today. He agreed and followed his thoughts on how Bitcoin can change people’s lives. Brad wrote two separate articles for us here in the magazine, one of which is titled “Bitcoin: The Ultimate Opportunity Cost”. In this article, he explains that every single decision you make represents an opportunity cost for Bitcoin in realizing the true value of Bitcoin as an asset. Both time and money are what you exchange for goods, services and progress in the world, and every single decision we make must take into account maximizing our bitcoin stack.

We also discussed the power of memes and how they use humor to convey commonly understood notions of the absurdity of the fiat world we live in. A fiat world deserves to be mocked by memes, and it drives a culture that seeks the truth.

We ended up with what he’s looking forward to in the bitcoin space, including a shoutout for Bitcoin 2022 and his final bullish price prediction.

Check out our written interview below and listen to our interview above.

What’s your bitcoin rabbit hole story?

I heard about Bitcoin for the first time in an LA bar in early 2017. I heard someone talk about Bitcoin mining and show people the price on their phone. I asked him about it and he was very excited to talk about it. He started telling me about the halving, hash rate, and Bitcoin’s entry into a bull market. I had no idea what he was talking about, but I was interested. He gave me his number and the next day he sent me some articles and videos. I was absolutely thrilled with the second article.

How has Bitcoin changed your life?

Bitcoin has completely changed:

My time preference, personal time preference change is pretty straightforward – knowing that your buying power will increase over time will force you to think twice about what you are buying today.

My concept of opportunity cost, Bitcoin is already the ultimate opportunity cost for me. That means I weigh other financial decisions against the risk of not buying Bitcoin. I think traditional finance will be forced to realize this at some point. Currently, the opportunity cost or “risk-free rate” of every professional investor and asset manager is government bonds. It’s such a hilarious idea that there is a risk-free investment, but it’s even more fun that the entire financial system uses the worst-performing investment as a yardstick for making decisions. We’re witnessing a great social experiment where you can instead use Bitcoin, the top performing asset ever, as a benchmark.

My critical thinking skills, I think to understand bitcoin deeply, force people to question many ideas and beliefs that they have long held or have been told to be correct. I think I was lucky enough to find Bitcoin in my early twenties when I wasn’t too stuck in my ideas. The ability to look at things from the first principles and always question my conclusions has definitely expanded to other areas of life.

You wrote about hyperbitcoinization with memes for the magazine. How do you see memes as a force to drive the adoption of bitcoin?

The memes are hilarious, I just laugh all day while scrolling through twitter. Bitcoin is the internet’s native money, and memes are like the internet’s native language. The bitcoin memes are so natural, I think it’s because most of the people I shit with think the same way as if we’re just killing time until hyperbitcoinization is reached. Memes promote 100% adoption. A picture is worth a thousand words and I love the videomemes because you can basically say a million words in 60 seconds. It’s terrifying and hilarious the things that are memorized into reality.

What are you most looking forward to in the Bitcoin space?

I look forward to seeing what happens in El Salvador, it’s like a testing ground for “fix the money, fix the world”. Looking forward to the Lightning developments – streaming sats for content, messaging, Twitter wallets, video games, etc. I can’t wait for Michael Burry’s liquidation tweet either.

Price forecast for the end of 2021 and the end of 2030?

End of 2021: $ 158,000. Late 2030: 1 bitcoin can be traded for about 11 million central bank digital cuckbucks, but companies stopped government surveillance in 2028.


Share post on

Sonic BTC is reader-supported. When you buy through links on our site, we may earn an affiliate commission.

NFT Infrastructure Supplier Rarify Will get $10 Million Funding in Sequence A Funding Spherical Led by Pantera Capital Bitcoin

NFT Infrastructure Supplier Rarify Will get $10 Million Funding in Sequence A Funding Spherical Led by Pantera Capital

Rarify, a startup that helps third parties include NFT elements in their tech platforms,...

By wpadminsonic164
Goldman Sachs Executes Financial institution’s First OTC Crypto Transaction Buying and selling a Bitcoin Non-Deliverable Choice Bitcoin

Goldman Sachs Executes Financial institution’s First OTC Crypto Transaction Buying and selling a Bitcoin Non-Deliverable Choice

On Monday, the multinational investment bank and financial services company Goldman Sachs disclosed it...

By wpadminsonic164
Andreessen Horowitz Launches A16z Crypto Analysis Lab Bitcoin

Andreessen Horowitz Launches A16z Crypto Analysis Lab

A16z, also known as Andreessen Horowitz, the venture capital (VC) company that has invested...

By wpadminsonic164
Bitcoin Value Nears $41,000 as US Inflation Jumps to eight.5% Bitcoin

Bitcoin Value Nears $41,000 as US Inflation Jumps to eight.5%

US inflation hits new 40-year record at 8.5%.Bitcoin traded green above $40,500 as the...

By wpadminsonic164
Lending platform Ledn launches bitcoin-backed mortgage product, bringing in $ 70 million Bitcoin

Lending platform Ledn launches bitcoin-backed mortgage product, bringing in $ 70 million

Ledn, the global platform for digital wealth savings and lending, announced the upcoming launch...

By wpadminsonic164
Central Financial institution Of Argentina Bans Banks From Providing Bitcoin, Crypto Providers Bitcoin

Central Financial institution Of Argentina Bans Banks From Providing Bitcoin, Crypto Providers

The central bank of Argentina has banned financial institutions from offering any services involving...

By wpadminsonic164
International Chip Scarcity Looms Over Bitcoin Mining Business, ASIC Provide Tightens Bitcoin

International Chip Scarcity Looms Over Bitcoin Mining Business, ASIC Provide Tightens

While Bitcoin's hashrate has been coasting along above 175 exahash per second (EH/s) and...

By wpadminsonic164
Bitcoin Enchancment Proposal 21 Eases Person Expertise When Paying Invoices Bitcoin

Bitcoin Enchancment Proposal 21 Eases Person Expertise When Paying Invoices

The below is a direct excerpt of Marty's Bent Issue #1181: "BIP21 is a...

By wpadminsonic164

Latest Posts

A Dogecoin Rally Would Be the Greatest Case State of affairs for Shiba Inu – InvestorPlace Dogecoin

A Dogecoin Rally Would Be the Greatest Case State of affairs for Shiba Inu – InvestorPlace

Source: Alfa Grandpa / Shutterstock.com Shiba Inu (SHIB USD) is not having a good...

By wpadminsonic164
Greater than Bitcoin: 7 New Altcoins Added To Nebeus Crypto-Backed Loans – Cryptonews Stellar

Greater than Bitcoin: 7 New Altcoins Added To Nebeus Crypto-Backed Loans – Cryptonews

Disclaimer: The text below is an advertorial article that was not written by Cryptonews.com...

By wpadminsonic164
LIVE: The Crypto Bear Market Will Finish Quickly! Enormous BTC Information! Videos

LIVE: The Crypto Bear Market Will Finish Quickly! Enormous BTC Information!

At the moment many traders are saying Crypto is in a bear market with...

By wpadminsonic164
NFT Infrastructure Supplier Rarify Will get $10 Million Funding in Sequence A Funding Spherical Led by Pantera Capital Bitcoin

NFT Infrastructure Supplier Rarify Will get $10 Million Funding in Sequence A Funding Spherical Led by Pantera Capital

Rarify, a startup that helps third parties include NFT elements in their tech platforms,...

By wpadminsonic164
Crypto alternate Binance says won’t settle for playing cards of sanctioned Russian banks – Moneycontrol Binance

Crypto alternate Binance says won’t settle for playing cards of sanctioned Russian banks – Moneycontrol

a,.special_wrapbx a{color:#333;font:400 11px Lato,sans-serif}.user_after_login a, .user_before_login a {color: #333333;font: 11px 'Lato',sans-serif;}.dropdown-menu{display:none;background-clip:border-box!important}.header_desktop .dropdown-menu>li{border-bottom:1px solid #e9e9e9}.header_desktop...

By wpadminsonic164
How Binance is committing to gender equality in Africa and past – Information Ghana Binance

How Binance is committing to gender equality in Africa and past – Information Ghana

Binance Committed To Gender Equality Technology has been predominantly a male-dominated sector; the lack...

By wpadminsonic164
Breaking: Cardano has plunged beneath $0.50, expanding the gamble for a half amendment – FXStreet Cardano

Breaking: Cardano has plunged beneath $0.50, expanding the gamble for a half amendment – FXStreet

Cardano dipped below the $0.50 support level over the past few hours. A decisive...

By wpadminsonic164
Martine McCutcheon flaunts her thinned down figure in spotted dress for sizzling snap – Daily Mail Polkadot

Martine McCutcheon flaunts her thinned down figure in spotted dress for sizzling snap – Daily Mail

Martine McCutcheon took to her Instagram Stories on Wednesday to show off her fantastic...

By wpadminsonic164