"Bitcoin is a massive train... I don't know why anyone would wanna play chicken with it." - Trace Mayer interview on BTC Sessions

in #bitcoin6 years ago

Today I am excited to bring you an interview I had with Trace Mayer, a real Bitcoin OG. He's got a lot to say, and is insightful as usual. Enjoy!

Bitcoin Knowledge Podcast:
www.bitcoin.kn

Trace on Twitter:
@TraceMayer

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Great Interview - So cool that you got to interview Trace. I always learn so much every time i listed to a Trace interview. What a Beauty.

Awesome analogy when he compared fiat money today to like a rough measurement of a foot...as 3 or 4 inches////and how ridiculous that is as it would be preposterous to build with such rough measurements...yet here we are with a house of cards fiat money system. Bitcoin is precise building tool.

Trace has some really great insights in this area. I really enjoyed listening. Also the Star Trek references were a nice surprise.

Thanks for your information!

Bought some BTC when around $7300, converted it to Steem hoping it would rise. Steem under $1 and not showing signs of rising. Have pumped round $600 on Steemit and am still around the same mark despite so many posts and comments. Don't know if i'd ever be confident enough to ride any crypto train again.

If you trade BTC to Steem when it's at ATH, then you stil earn from the dip afterwards.

I'm sorry, what is ATH?

My advice is to be patient. The crypto "gold rush" is still new to most people. You're in very early.

Thanks. I think I'll just wait and watch for now.

bitcoin train best to easy earning

Unless the price is artificially inflated because people think it's just for easy money.

People want to have BTC to earn more dollars.

yes, but a bitcoin is still worth a bitcoin to someone who has bitcoin, or someone who wants to get into crypto. the only reason it works at all is the same way real money works, or like gold was traded thousands of years ago. people believe that this piece of paper/number on a computer have value, and give it the price out of personal belief. you can apply this to anything, bitcoin just happened to have a proof of concept that wasnt the usual number you find on a computer (one that can be changed by the user whenever they want). it might be a train, but this train will literally never die, even if it does, another one will take its place. im actually just working on a coin myself. we need more reliable cryptos

if someone wants to pay me $100 for a rock i pick up of the ground, or the chewed piece of gum in my mouth, that rock or piece of gum is worth $100, not because your opinion on it mattered, but because someone else was willing to pay that.

yes that is people view earn BTC and make dollars.

Because theyx don't need cojones for that but $$. And "they" got all the $$ you can imagine :) trying to push their agenda and centralize btc

very nice i would like to uu see my post

Bitcoin to the Moon It’s Written in the Stars

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