496: Why Bitcoin is Stupid - Part 1 by Mr. Money Mustache

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Investing, Self-improvement, Education, Business

4.5 • 1.3K Ratings

🗓️ 22 January 2018

⏱️ 11 minutes

🔗️ Recording | iTunes | RSS

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Summary

Mr. Money Mustache shares his opinion about Bitcoin. This is Part 1 of 2. Episode 496: Why Bitcoin is Stupid - Part 1 by Mr. Money Mustache (Bitcoin Crypto & Financial Independence). Mr. Money Mustache is a thirty-something retiree who now writes about how we can all live a frugal, yet awesome, life of leisure. He and his wife studied engineering and computer science in Canada, then worked in standard tech-industry cubicle jobs in various locations throughout the late ’90s and early 2000s. Then they retired from real work way back in 2005 in order to start a family. This was achieved not through luck or amazing skill, but simply by living a lifestyle about 50% less expensive than most of their peers and investing the surplus in very boring conservative Vanguard index funds and a rental house or two. The original post is located here: https://www.mrmoneymustache.com/2018/01/02/why-bitcoin-is-stupid Please Rate & Review the Show! Visit Me Online at OLDPodcast.com & in The O.L.D. Podcasts Facebook Group! and Join the Ol' Family to get your Free Gifts Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:30.0	This is Optimal Finance Daily episode 496, why Bitcoin is stupid.
0:35.5	Part 1 by Mr Money Mustache of Mr Money Mustache.com.
0:39.4	And I'm Dan, your host, happy Monday to all of you out there in Podcasts Land, welcome to
0:44.0	optimal finance daily where I read to you from some of the best personal finance
0:47.4	blogs anywhere. And today's post comes from Mr Money Mustache. Now if you have
0:52.0	no idea what Bitcoin and
0:53.2	cryptocurrency's are you'll get a pretty good feel for it in this episode.
0:56.4	On the other hand if you put money into cryptocurrency
0:58.7	try not to take the title of today's post too hard it's probably more for the shock factor than anything.
1:04.4	And it's always good to hear different perspectives on this kind of stuff.
1:07.3	Don't forget that I'm not the one writing this article either, so if you want to yell at someone,
1:10.7	you're welcome to visit this article right on MMM site and add to the 500 or so comments that are already on it.
1:17.0	Now today's post is a bit longer than a typical one here so I'll read the first half today and then finish it up for you tomorrow.
1:23.8	With that let's hear part one as we optimize your life.
1:27.8	Why Bitcoin is Stupid Part, by Mr Money Mustache of Mr Money Mustache.com.
1:37.0	Well, shit, I've been watching this situation for a few years and assuming it would just blow over so we wouldn't have to talk
1:44.2	about it here in this place where we're supposed to be busy improving our lives.
	...

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