The Promise of Bitcoin w/ Bobby Lee - Bitcoin Magazine Podcast

On this episode of the “Bitcoin Magazine Podcast,” host Christian Keroles sat down with Bitcoin O.G. and entrepreneur Bobby Lee to discuss his new book, “The Promise Of Bitcoin.”

Lee discussed how he discovered Bitcoin early from his brother Charlie Lee, the creator of Litecoin. Bobby cofounded the largest Bitcoin exchange in China, BTCC, before running into regulatory issues and ultimately selling the exchange in 2018.

Since 2018, Lee has been working on “The Promise Of Bitcoin” to help Bitcoin-curious newbies fast track the educational process and learn why Bitcoin is important and why Bitcoin will be successful. The book is filled with excellent examples and explanations to help a new bitcoiner understand where Bitcoin is going and why that is good for humanity. Lee also focused on dispelling common myths about Bitcoin that have been spread in the mainstream media and encouraging users to take self custody of their bitcoin. The book is very focused on making Bitcoin digestible to a non-technical audience.

They closed out the interview with some of Lee’s predictions for Bitcoin in the next 10 years. Please enjoy this history-rich and wide-ranging conversation with Bobby Lee.

Find the Book: https://www.amazon.com/Promise-Bitcoin-Future-Money-Work/dp/1260468674

Timestamps:

0:00 - 5:51 Intro
5:51 - 8:03 How Bobby learned about bitcoin
8:03 - 10:45 What it was like to be in bitcoin in 2011
10:45 - 12:50 Thinking long-term with bitcoin
12:50 - 16:36 The focus for 'The Promise Of Bitcoin'
16:36 - 18:05 Savings separate humans from other species
18:05 - 20:48 Bitcoin pushes the conversation about what money is
20:48 - 22:15 The intended audience for 'The Promise Of Bitcoin'
22:15 - 23:53 Digital currency regulation
23:53 - 24:26 The intended audience for 'The Promise Of Bitcoin'(cont.)
24:26 - 28:06 High-profile investors investing in bitcoin
28:06 - 29:38 When did Bobby predict that a high profile investor would support bitcoin?
29:38 - 31:22 Companies and countries investing in bitcoin
31:22 - 34:14 This is bitcoin's decade
34:14 - 35:55 We are still early/the secret of bitcoin
35:55 - 37:27 Bobby trying to convince someone to buy bitcoin
37:27 - 39:36 Measuring the bitcoin price in dollars
39:36 - 45:10 Dispelling negative myths about bitcoin
45:10 - 45:55 Fiat interest rates
45:55 - 49:13 Earning interest on bitcoin
49:13 - 51:44 Closing comments

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