Episode 25

A Gen Z's Journey with Bitcoin - Part 2

On today's show:

Delve into Ella's intriguing experiences, straddling a Paris internship and her fascination with Bitcoin. Explore the differences in French and American money habits and their impact on Bitcoin perception. Europe leads the way in Bitcoin acceptance, as Ella shares her interactions with European Bitcoiners.

Ella joins Generation Bitcoin, inspiring and educating peers about Bitcoin. Learn about their projects, including the Bitcoin University Guide, sparking interest beyond math and computer science. Collaborating with the Bitcoin Student Clubs Network, they spread Bitcoin knowledge on campuses.

The Gen Z Bitcoin mission gains momentum, aiming to become a nonprofit and ignite curiosity worldwide. Share your thoughts with Tali at Tali@orangehatter.com. Stay tuned for more exciting conversations with Ella on Orange Hatter!

Ella is an undergraduate student (junior) at Cornell University. Studying Cognitive Science with minors in Information Science and Business. Hoping to pursue (and has proposed) a major focused on Bitcoin and energy. Author of "Sats Chats" and Bitcoin Magazine contributor. 

Ella is also a Project Lead at Generation Bitcoin

Resources Ella Mentioned:
MIT OpenCourseWare on Blockchain and Money with Professor Gary Gensler: https://ocw.mit.edu/courses/15-s12-blockchain-and-money-fall-2018/resources/session-1-introduction

Resources Ella Recommends for Bitcoin Mining 

Mentioned in this episode:

Free Market Kids Short

Get your HODL UP ("The best bitcoin game ever!") at www.freemarketkids.com.

Transcript
Tali:

Hey everybody.

Tali:

Welcome to Orange Hatter.

Tali:

Today you'll be listening to part two of my conversation with Ella.

Tali:

I have two daughters and one of them used to give me her

Tali:

phone and say, please take it.

Tali:

I cannot control myself because I'll like, there will be a video that

Tali:

will catch my eye, and then two hours later I wake up from this hypnosis and

Tali:

realize that I had lost so much time.

Tali:

But it takes one video and one temptation, and she would literally throw her phone

Tali:

at me and she'd say, "Just take it."

Ella:

And I, you, you can, sure, the apps let you put a, like a time

Ella:

setting so you don't use it, but then you can just say, you know,

Ella:

remind me later, or turn off for now.

Ella:

And so it, it really doesn't work.

Ella:

But you know, most people have seen the social dilemma.

Ella:

Most people are more aware of this now, which I think

Ella:

is a good, it's a good thing.

Ella:

And then there's also cool Bitcoin companies that are, um, Zebedee or ZBD,

Ella:

you can look up both of them, but they are kind of recognizing, look, we know

Ella:

Gen Z plays games and we're going to kind of integrate Bitcoin into this and

Ella:

lightning, and we understand that this is just a part of the Gen Z culture.

Ella:

And so we're going to try and again, work within that, work within their

Ella:

interest and, and make it better.

Tali:

So are you on, on Zebedee?

Tali:

Is there a favorite game that you play that you can recommend?

Ella:

No, I am on, I'm not a game person, but I am excited to kind of beta test

Ella:

their app and so I maybe I'll, I'll come back to you with a recommendation.

Tali:

Yeah, for sure.

Tali:

Yeah.

Tali:

Um, so you are a junior in college right now, but you are not in the us.

Ella:

No, I'm not.

Tali:

Tell, tell us a little bit more about that.

Ella:

Sure.

Ella:

So currently I am in Paris at the moment, which I, I, as I was

Ella:

mentioning earlier, one of my favorite things to do is to wander and just

Ella:

kind of explore and walk and think.

Ella:

Um, I think thinking is really hard to do kind of in the culture that we have where

Ella:

we have content coming at us all the time.

Ella:

So I've been very grateful to be here, but I am doing a summer internship focused

Ella:

on energy and kind of renewable energy.

Ella:

It is, it is for a bank.

Ella:

And so, you know, that does go a little bit against Bitcoin, but I think

Ella:

a personal, um, balance I'm trying to find is kinda straddling the two

Ella:

worlds that we have of where I am and then, you know, Bitcoin in the future.

Ella:

But, um, it's been very interesting to learn more about energy and

Ella:

the renewable energy space.

Ella:

The bitcoin mining and energy rabbit hole is one I've started to fall down.

Ella:

And so, you know, I love connecting topics of what I'm interested in,

Ella:

whatever setting I'm in, whether that be in class and school and in work.

Ella:

You know, seeing the Bitcoin connections is something that I find fun.

Tali:

Um, so you are in Paris and summer is halfway over.

Tali:

What is the biggest difference that you have noticed between, and we're gonna go

Tali:

back to Bitcoin a little bit, so between maybe the the French view of money and

Tali:

how they use their money versus how we use our money here and view our money.

Ella:

So I'll start with the how question first.

Ella:

And this is something that only recently pretty much occurred to me, but in

Ella:

the US everyone uses a credit card.

Ella:

I never have cash with me in the US ever.

Ella:

Um, it's all credit card.

Ella:

And then when I was in China, it's all WeChat, it's all

Ella:

kind of QR code or Alipay.

Ella:

Here, it's a lot of cash.

Ella:

Card is, of course card is present, but it's I, I now

Ella:

actually have to have cash with me.

Ella:

And so I think that's very interesting, just from maybe the

Ella:

psychology perspective, when you think about how people are used

Ella:

to using money and then Bitcoin.

Ella:

So I'm, I'm reading a Progressives case for Bitcoin right now, which

Ella:

has been an incredible read.

Ella:

And the chapter I just read was all about intrinsic value and kind of

Ella:

what are the properties that you need for money and intrinsic value and the

Ella:

ability to hold money, and that money should be issued by the government

Ella:

are none of the requirements that the Fed, or not requirements, but

Ella:

anything that the Fed talks about.

Ella:

But it's all of the arguments that people originally have against Bitcoin.

Ella:

So I would, and this is all speculation, I really don't know how the French

Ella:

view Bitcoin, but if maybe they're just more used to holding the physical

Ella:

Euro or French Frank or I was also in Switzerland, so um, they were also very

Ella:

kind of cash focused as well there.

Ella:

Maybe they're less inclined to use Bitcoin because you can't hold it.

Ella:

So this is all speculation.

Ella:

That could be completely wrong, but I think just how people use their

Ella:

money, that's very interesting.

Ella:

And then the perception of.

Ella:

Bitcoin.

Ella:

I don't know from a French perspective.

Ella:

Um, however, I started the summer in Prague at the Bitcoin conference

Ella:

there, which was incredible, highly recommended or watching the, the sessions.

Ella:

And I think Europe just generally is way more ahead of the US in terms of Bitcoin.

Ella:

I think the first Bitcoin ETF was started in Paris.

Ella:

So I guess that's a French perspective.

Ella:

But just in terms of regulations and just acceptance of crypto or Bitcoin,

Ella:

I think is more ahead generally on the whole in Europe than it is in the US.

Tali:

I read, um, a book called The Psychology of Money, and there's

Tali:

definitely a different perspective from this, the mindset of the spender

Tali:

when you hold physical cash and you are having to hand it to somebody, count

Tali:

it out and hand it to somebody else, versus the swipe of a card and everything

Tali:

is just kind of abstract and unreal.

Ella:

Yeah, actually that's such a good point.

Ella:

So maybe, maybe the French are more inclined to adopt Bitcoin because they,

Ella:

they understand the value of money more.

Ella:

But yes, that was, that's a great book as well.

Tali:

Yeah, that was really cool.

Tali:

So tell me more about Prague.

Tali:

You were there and you were a speaker and I don't know how much you were

Tali:

able to kind of mingle off the stage.

Tali:

What was your, the best thing that you learned from there that surprised you?

Ella:

Yes.

Ella:

So unfortunately my mingling was not as, um, much as I had hoped.

Ella:

There were just some delays getting to Prague physically.

Ella:

But I think any time you can be surrounded by Bitcoiners is just amazing.

Ella:

I think you nev you always, after being with Bitcoiners, you

Ella:

leave feeling more energized.

Ella:

Um, And just, you know, let's, let's go, let's get on the mission.

Ella:

So it was great.

Ella:

Something that was really cool that I just had never considered that I

Ella:

learned while I was there came from the European Bitcoiners' group and something

Ella:

that they're working on is translating Bitcoin, um, knowledge and information.

Ella:

And I, I've completely taken for granted all of the Bitcoin

Ella:

knowledge and information that I have because I speak English and a

Ella:

lot of it's coming from the U.S..

Ella:

So that was something that I, I really didn't think about.

Ella:

But I loved learning about what they're doing.

Ella:

So, so it was really great.

Ella:

But, um, to go back to the start of your question, yes, I was there for Generation

Ella:

Bitcoin, which is a group of Gen Z Bitcoiners who are really on a mission

Ella:

to try and bring Bitcoin education to Gen Z and really inspire them to be a

Ella:

part of the Bitcoin space and, um, grow it and innovate in it because they will

Ella:

inherit Bitcoin, um, moving forward.

Tali:

So let's talk more about the GenZ project.

Tali:

So you are one of the four leaders in the group.

Tali:

What is your role and what is the approach that you guys have for

Tali:

carrying out the mission that you have?

Ella:

Yes, absolutely.

Ella:

So the three co-founders are Arsh Molu, Ishaana Misra, and Autumn Domingo.

Ella:

And then I am very lucky to now be a part of the group, um, but I'm the fourth.

Ella:

And so I am in charge of projects.

Ella:

And so one project that we are just starting is called

Ella:

the Bitcoin University Guide.

Ella:

And so I'll preface by saying the whole reason for the founding of this group

Ella:

is to really emphasize the fact that Gen Z is kind of Bitcoin's future.

Ella:

That it's important for students to feel encouraged to embrace Bitcoin,

Ella:

where their world is changing a lot, but Bitcoin is kind of hope

Ella:

and that Bitcoin is for everyone.

Ella:

So this is really where the Bitcoin University Guide comes in.

Ella:

A lot of students when they're applying to college or when they're first in

Ella:

college, even though they, they say that you can kind of go in undeclared

Ella:

or you don't need to know what you're gonna do or you don't know, you don't

Ella:

need to know what you're going to study.

Ella:

In order to get into college, you have to write a lot of essays and

Ella:

you have to be persuasive about some topic that you're interested in.

Ella:

And so I think we're funneled into, you know, you do need to figure

Ella:

out what you wanna study and what you wanna do kind of early on.

Ella:

And so Bitcoin, I'd say is mostly not marketed, but marketed for

Ella:

math or computer science students.

Ella:

And so if you're not studying math or you're not studying for computer

Ella:

science, maybe you're less inclined to give any of your time to Bitcoin.

Ella:

'Cause everyone's, everyone's busy.

Ella:

No one has lots of time to listen to a two hour podcast or even know which two Hour

Ella:

podcast is the best for them to listen to.

Ella:

So this guide is for those students.

Ella:

So let's say you are a philosophy major and you're learning about

Ella:

different philosophers and what they define property as.

Ella:

And so then we then talk about those same philosophers and those ideas,

Ella:

but in the context of Bitcoin.

Ella:

So this guide is, it's not super in depth.

Ella:

It's just supposed to be enough that it gives you a taste and hopefully

Ella:

sparks your interest in Bitcoin.

Ella:

So that's one way.

Ella:

And then we're also going to, we're really trying to build out the foundation

Ella:

right now and kind of revamp it, but we'll hold Twitter spaces as well.

Ella:

We're working with another group called the Bitcoin Student Clubs Network, which

Ella:

is all about how do we support each other and bringing Bitcoin to campuses.

Ella:

And we also are almost about to be an official nonprofit.

Ella:

So I think all the papers are filed.

Ella:

We're just waiting on the final, um, the final confirmations.

Ella:

So hopefully we're just trying to reach students wherever they are and,

Ella:

you know, bring them into the space.

Tali:

Thank you for listening.

Tali:

Did you hear anything in our conversation today that you resonated with?

Tali:

Were you able to identify with some of the feelings that Ella had?

Tali:

If so, I would love to hear from you.

Tali:

Please send your questions or comments to my email Tali@orangehatter.com.

Tali:

I would love to hear from you.

Tali:

Come back tomorrow and hear the rest of our conversation.

Tali:

Thank you.

Tali:

See you soon.

About the Podcast

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About your host

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Tali Lindberg

"Hello everyone, I'm Tali! If you had met me a few years back, you'd have found me in the thick of homeschooling my four incredible kids. That was my world for two decades, filled with lesson plans, school projects, and a whole lot of beautiful chaos. But once they all graduated, a new and unexpected journey began for me - in the world of Bitcoin.

The spark was lit by my husband, nudging me towards this peculiar thing known as Bitcoin. At first, I resisted. After all, the complexity of Bitcoin was intimidating and my plate was already quite full. But he persisted, and even went as far as creating a bitcoin-mining board game, HODL UP, to teach me what it was. Before I knew it, I was orange-pilled, and my curiosity was piqued. What started as a casual dip of my toes soon turned into a fascinating dive into Bitcoin. Like my homeschooling journey, I took it slow, one baby step at a time, learning and adapting as I delved deeper.

Fast-forward to today, I am absolutely thrilled to share my Bitcoin adventures with all you amazing and busy women out there through this podcast. I've made sure the episodes are bite-sized and easy to follow, perfect for your coffee breaks or while running errands. My goal? To share my experiences and the experiences of other women in Bitcoin in an engaging, easily digestible way. Don't let time constraints or technical jargon stop you from diving into Bitcoin. As your friendly guide, I hope to provide a grounded, relatable perspective to help you navigate the Bitcoin rabbit hole. So, here's to us exploring this thrilling digital frontier together!