How were bitcoiners orange pilled before books and podcasts? The white paper, mostly. I tried reading it in 2011, but found it too technical and boring. Yup.😂 So what worked? A bitcoin-only auction site called Bitmit. A place where I could sell baklava in 2012 with minimal fees. I had a website at the time, but I also had listings on eBay & Etsy for extra exposure. The listing + PayPal fees sucked, so I sold at a markup to make up the difference. BitMit allowed me to sell my baklava at a discount while taking home higher profits. Not bad, but it didn't stop there! I could then flip the bitcoin on LocalBitcoins at a slight markup, earning profit on my profit! Profitception! 🤯 I was an idiot in hindsight, of course. Had I known then what I know now I would have HODLed every sat, but that's not the point. These experiences taught me the true value of Bitcoin, and it had nothing to do with a fiat price. People were willing to pay over spot for something permissionless, with low fee transactions, that entities like PayPal couldn't stop. I never could have gleaned this from the white paper. By mid-2012, I saw that this was something to hold on to. I decided to move off the fiat standard, and on to the Bitcoin standard. That's exactly what I did before the end of the year. And it truly started 13 years ago today. Thanks, Bitmit. ✌️

Replies (31)

Really respect everyone who was early! Podcasts have been such a game changer in the dissemination of knowledge on #bitcoin. It’s such a complex space so all the different perspectives make for a greater understanding
Fabian's avatar
Fabian 1 year ago
Respect 🫡 Selling Baklava for Bitcoin in 2012. What a G.
>People were willing to pay more than they were paid for something that didn't require permission, with low-cost transactions, that entities like PayPal couldn't stop. Congratulations 🎇 You woke up before the rest good luck on your journey, although I know you don't need it, you have *bitcoin* ⚡🍊 💪🤠⚡🍊 here you had a great ability to look beyond the layer of thought **To** where most people usually stay, and where we all were for some time. Now the new pattern **(Bitcoin pattern)** leads your life and that of your family in a safe and secure 🧭 direction. *Simply Excellent*
Profitception This is simply wonderful, I invite you to read it. #nostr #bitcoin #zap #grownostr #magic #btc #wonderfull
Mandrik's avatar Mandrik
How were bitcoiners orange pilled before books and podcasts? The white paper, mostly. I tried reading it in 2011, but found it too technical and boring. Yup.😂 So what worked? A bitcoin-only auction site called Bitmit. A place where I could sell baklava in 2012 with minimal fees. I had a website at the time, but I also had listings on eBay & Etsy for extra exposure. The listing + PayPal fees sucked, so I sold at a markup to make up the difference. BitMit allowed me to sell my baklava at a discount while taking home higher profits. Not bad, but it didn't stop there! I could then flip the bitcoin on LocalBitcoins at a slight markup, earning profit on my profit! Profitception! 🤯 I was an idiot in hindsight, of course. Had I known then what I know now I would have HODLed every sat, but that's not the point. These experiences taught me the true value of Bitcoin, and it had nothing to do with a fiat price. People were willing to pay over spot for something permissionless, with low fee transactions, that entities like PayPal couldn't stop. I never could have gleaned this from the white paper. By mid-2012, I saw that this was something to hold on to. I decided to move off the fiat standard, and on to the Bitcoin standard. That's exactly what I did before the end of the year. And it truly started 13 years ago today. Thanks, Bitmit. ✌️
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a's avatar
a 1 year ago
I wanna taste that baklava! It’s one of my favorite treats 😋
shaun's avatar
shaun 1 year ago
The Carnivore diet bought me to @Saifedean Ammous and @npub1j4u5...d6x9 and they bought me to bitcoin. I read the white paper in 2012/13 but I don't think you can fully appreciate it until you understand inflation and fiat money.