Welcome back to Medium Energy!
This interview was an absolute pleasure and something I've been wanting to do for a long time, which is to sit down with a prominent thinker in the Bitcoin space to address Bitcoins marketing problem.
Because unfortunately, despite being around for a while now, bitcoin remains woefully misunderstood.
It’s alarming to me how many people still roll their eyes at the topic. Yet, more often than not, these same people haven’t made any effort to understand why Bitcoin exists, what problems it solves, and why its useful.
This is especially alarming considering the current fiscal and economic environment we're in (as I discussed in this essay here: Why Bitcoin (Really) Matters)
So, to tackle the topic, there's few people in the world more qualified than our guest, Marty Bent. He's one the most renowned thinkers, investors, and creators in the Bitcoin space, and he has quite the pedigree:
Marty is a managing partner for Ten31, which is the worlds largest bitcoin only investing firm. (PS: If you haven’t checked out their latest report, it’s a must read: Bitcoin is Eating the World)
Marty is also the creator of the popular bitcoin newsletter and podcast called Truth for the Commoner, and he runs the Bitcoin Commons in Austin Texas, which has helped turn Austin into one of the (if not THE) bitcoin capitals of the world
So whether your new to Bitcoin or very well versed, this conversation will appeal to the full spectrum. It’s packed with all kinds of wisdom and knowledge around the 'how, what, and why' of bitcoin. It also includes some very interesting insights into its emergent properties and some of the technical innovations being built on top.
Throughout this conversation, we package up all this knowledge into what we believe are the necessary steps, or ‘phases of knowledge’, required to fully appreciate Bitcoin's purpose and potential.
Perhaps I’ll call these phases the path, or at least a path, to ‘Bitcoin Enlightenment’.
We broke this convo into a two-parter. Here in Part I, we cover steps 1-5 (out of 7) towards enlightenment. This includes:
1/ Understanding the Problem (aka the water we swim in, which I cover in depth in this essay here)
2/ Recognizing that we're being deceived
3/ Grasping what sound money is and isn’t
4/ Seeing the financial incentive & game theory at play, and
5/ Understanding the role of energy in both bitcoin and the wider energy grid
So if you're new bitcoin, prepare to expand your mind and start thinking a bit different. And if you're a bitcoin veteran, sit back and enjoy the unique musings of no other than Marty Bent.
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