#173: Mike Peterson from Bitcoin Beach
TFTC: A Bitcoin Podcast
Marty Bent
4.8 • 804 Ratings
🗓️ 23 June 2020
⏱️ 56 minutes
🧾️ Download transcript
Summary
Join Marty as he sits down with Mike Peterson from Bitcoin Beach in El Zonte, El Salvador to discuss:
- Why Mike started giving out Bitcoin in El Zonte
- Creating a bitcoin circular economy
- Using Lightning to achieve this goal
- Educating individuals about bitcoin
- Airdrops, do they work?
- Price volatility
- Custodial v. non-custodial
- Interesting externalities from the experiment
- The youths understand Bitcoin more innately
- much more
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Transcript
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| 0:00.0 | This up, freaks. It's your boy, Marty, here to introduce this episode of Tales from the Crypt, |
| 0:04.0 | the immense pleasure of sitting down with Mike Peterson, more popularly known as at Bitcoin Beach. |
| 0:13.0 | He has been running a project down in Elzante, El Salvador, in which they are trying to create a Bitcoin circular economy. |
| 0:21.2 | This is a fascinating episode, actually talking to somebody who has feet on the ground |
| 0:26.4 | and is attempting to create a circular economy in Bitcoin. |
| 0:30.1 | This has been a big topic on the Twitter sphere and in conversations with other Bitcoiners. |
| 0:35.8 | A lot of people think that people aren't |
| 0:38.0 | spending Bitcoin enough and they aren't utilizing it enough. |
| 0:40.9 | There's too many hoddlers out there. |
| 0:42.2 | Well, Mike's here to illustrate that that is not the case. |
| 0:47.2 | There is some great things happening on the ground where Bitcoin is needed more than it is here |
| 0:51.8 | in the West. |
| 0:52.6 | So I think you guys are really going to love this perspective. |
| 0:55.1 | This episode of Tales from the Crypt is brought to you by good friends at the CashUp. |
| 0:59.8 | You already know all about them. |
| 1:01.5 | They're helping you stack sats. |
| 1:02.6 | They're helping you send sats. |
| 1:03.5 | They're helping you receive sats. |
| 1:04.8 | They're helping you sell sats, if you so please. |
| 1:06.5 | And they're also making sats the standard if you want it in the app you don't have to buy fractions of a |
| 1:11.0 | bitcoin you can buy whole sats remember cash apps allowing you to send sets too so if you're |
| 1:17.7 | out there and you've got a lot of sats on the cash app think about sending it to personal storage |
... |
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