Austrian Economics And Understanding Bitcoin with Hodlberry: Meet The Taco Plebs

For this episode of Bitcoin Magazine’s “Meet The Taco Plebs,” I was joined by Hodlberry (@hodlberry), a faithful, honest and hardworking pleb.

This conversation started off with Hodlberry sharing his Bitcoin rabbit hole story. He went into detail on some fun things he was doing at the time he found Bitcoin, like hosting a gun-related podcast. Then he shared how when he first got into the space he bought some shitcoins, but ended his shitcoin phase early as he already understood Austrian economics. From my own personal experience and seeing others as well, having/learning Austrian economic teachings is crucial to getting a firm understanding of Bitcoin. Because of this understanding of Austrian economics, he was already into gold and silver, but dropped those for more bitcoin eventually.

Before Bitcoin, Hodlberry was living above his means and not saving a lot of money. Now with Bitcoin, he has adopted a lower time preference which is causing him to live below his means, and save more in bitcoin. He shared his thoughts on the book “Human Action” by Ludwig von Mises and why it’s so important. This is a book I’ve yet to read, but I have read similar books, such as “The Theory of Money And Credit” by Ludwig von Mises and the lessons you learn in these books are life changing.

We also got into topics like home schooling children, how Bitcoin solved the problem of triple entry accounting, what Hodlberry wants to see moving forward with the Lightning Network and more.

If there are any Taco Plebs you’d like to see on this show, make sure to drop their names and Twitter handles in the comments section below or tweet your feedback to @nikcantmine!

Timestamps:

00:00 - 1:26 Intro
1:26 - 4:07 Hodlberry's rabbit hole story
4:07 - 5:56 What got Hodlberry into Austrian Economics
5:56 - 7:15 Hodlberry's gun-related podcast
7:15 - 10:40 How difficult will it be for newcomers to wade through the altcoins?
10:40 - 13:08 Has Bitcoin changed Hodlberry's life and how?
13:08 - 14:35 What did Hodlberry find useful and not useful when studying economics?
14:35 - 16:21 Human Action by Mises
16:21 - 18:51 Human Action by Mises (cont.)/the education system
18:55 - 21:13 What is the most amazing thing about Bitcoin?
21:13 - 24:02 What is Hodlberry most looking forward to?
24:14 - 25:51 Altcoiners ignore the lightning network/Michael Saylor quote
25:51 - 26:57 Improving the UX for the lightning network
26:59 - 29:38 What is Hodlberry's price prediction for the end of 2021 and 2030?
29:38 - 32:28 Closing comments

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Follow Hodlberry on Twitter: https://twitter.com/hodlberry?s=20

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