Bitcoin: The Digital Gold Rush & The Oregon Trail

5 months ago
120

In the early days of the Oregon Trail, pioneers who made the treacherous journey were rewarded with vast amounts of land—640 acres for married couples. Over time, as more settlers arrived and the risks decreased, that reward was reduced to 320 acres, then 160, and eventually, land had to be purchased outright.
FULL EPISODE: https://youtu.be/g_1KAzPsOgU

Jesse Myers (Croesus) draws a compelling analogy between this historical land rush and Bitcoin adoption. Early adopters took significant risks, but their rewards were immense. As Bitcoin matures, the opportunity to accumulate large amounts diminishes, just as land became more expensive in the American West. Today, Bitcoin is still in its frontier phase—those who acquire it now may look back in a decade and realize they were in a “golden age” of opportunity.
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On this CLIP of THE Bitcoin Podcast, Walker talks with Jesse Myers (AKA Croesus). They discuss Microstrategy's Bitcoin Strategy, how STRK is a game-changer, and Saylor's move to accumulate as much Bitcoin as possible.

FOLLOW JESSE:
X: https://x.com/Croesus_BTC
Web: https://www.onceinaspecies.com/
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- Download Primal and start zapping Bitcoin on Nostr: https://primal.net/downloads
- http://bitbox.swiss/walker -- use promo code WALKER for 5% off the Bitcoin-only Bitbox02 hardware wallet.
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Takeaways

Bitcoin is still in its early stages of adoption.
Nostr represents a decentralized alternative to traditional social media.
The journey to Bitcoin often involves learning from mistakes in altcoins.
Trust in the system is a major factor in Bitcoin adoption.
MicroStrategy's innovative financing strategies are reshaping how companies acquire Bitcoin.
Nation-state adoption of Bitcoin is a sign of its growing legitimacy.
Bitcoin's value proposition lies in its scarcity and decentralized nature.
The evolution of custody solutions is crucial for broader Bitcoin adoption.
Understanding Bitcoin requires overcoming significant information asymmetry.
The future of Bitcoin is tied to its acceptance as a global store of value.

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