Bitcoin is for everyone - and why that matters

Good morning to all of my fellow Bitcoiners,

Last week, we covered how hard assets everywhere, from uranium to silver, were starting to break out after a period of consolidation - and whether it was Bitcoin’s turn next. 

Over the weekend, Rhino was at Bitcoin is for Everyone in Portland, a Bitcoin conference that is a stalwart of the Pacific Northwest. It reinforced the importance of bringing Bitcoin to everyone.

Today, we’ll be covering that along with the developments of the week. Here’s what we’ve got on deck:

• What was said at Bitcoin is for Everyone, and why it matters for your wallets and your freedoms.

• The quantum FUD continues - why you shouldn’t panic and keep on calmly stacking.

• A great new resource to help make the case that Bitcoin is for Everyone.

1. Bitcoin is for Everyone

Bitcoin is for Everyone packed together speakers from all over the Bitcoin ecosystem, from the Bitcoin historian Pete Rizzo, to HRF’s Win Ko Ko Aung.

The event in Portland brought hundreds of Bitcoiners and the Bitcoin-curious through a series of workshops, panels and presentations about Bitcoin. 

Bitcoin saw a quick dip on May 23rd, then strongly recovered while the conference was happening.

That’s because of the strong fundamentals being discussed at the conference.

There were human rights use cases highlighted that are only possible with Bitcoin. For example, not-for-profits cut from the banking sector in their country who could only raise funds in Bitcoin.

There was a groundswell of institutional and corporate awareness of how beneficial Bitcoin stacking can be versus the alternative of holding cash.

There were people learning the basics of Bitcoin and wondering how to get their assets under their own control.

In short, the event represented the energy of why Bitcoin is for everyone - and why that matters.

It matters for financial freedom and privacy, because Bitcoin alone (unlike stablecoins, altcoins and central bank digital currencies) has no central issuer and a system designed towards privacy and control.

Your Bitcoin, your rules.

It matters for businesses and individuals trying to get off the treadmill of money manipulation and a potentially infinite money supply.

Bitcoin is essential for your finances and your freedoms.

And Bitcoin is truly for everybody.

2. Quantum doesn’t matter in the way you think

Another topic that came up during the conference was quantum computing - which was why some people, including Bitcoiners from the early days, were selling Bitcoin.

It’s important to realize that we’re likely still years away from any potential quantum computer that could affect Bitcoin.

Quantum computers aren’t magic.

Yes, they’re better at solving some problems than the laptop you have at home.

But it takes a lot of energy to get useful data from them - and we’re nowhere near the amount of quantum computing an attacker would need to steal Bitcoin from old legacy addresses.

And even if a powerful enough one were built today, it would take a while for that quantum computer to deploy the sophisticated attack needed to get Bitcoin.

Quantum isn’t magic; it’s technology and physics.

And Bitcoin was built with technology and physics in mind.

The community is rallying around solutions, and there are practical ways Bitcoin code can be used to deploy against quantum threats without ever touching the fundamentals of what makes Bitcoin so great (like the 21mn supply cap).

So don’t give in to the quantum panic. Keep on stacking quietly, and continue learning more about what quantum is - and what it isn’t.

3. Get Everyone on Bitcoin

In the vein of making Bitcoin being for everyone - there is always the need for more resources that talk about Bitcoin in a simple way. Get on BTC, which launched last week, is one such resource - a simple website that walks newcomers through the rationale for Bitcoin.

The simple narrative and the focus on the story of “why” behind Bitcoin makes it a great resource to share.

Once visitors learn the story, the website flashes to a chatbot dedicated to answering questions about Bitcoin, as well as a quiz that tests your knowledge of Bitcoin. 

It’s essential to get the word out about how Bitcoin is continually building, even when the price isn’t exploding upwards (yet).

The energy Bitcoiners dedicate to spreading the word is unlike anything you’ll find for stocks, gold, silver or any other asset.

It beats any marketing department out there.

And if you want to join the fun, it’s as simple as buying Bitcoin, and sharing a link with friends, family and your community to get them on Bitcoin too.

The Bottom Line

Even as price has been largely sideways, the Bitcoin community continues organizing, growing and building new ways to get the message across.

Fundamentals, institutional, and political catalysts continue quietly supporting the continued adoption of Bitcoin.

Stack accordingly.

And if you want to do it in a way that gives you the most Bitcoin for your dollar, use Rhino. 

Chat next week,

Hector