From 2017 Hearsay to Pandemic Study: Jules on Bitcoin - Part 3

Tali: 00:00:00

Hi everybody.

Tali: 00:00:00

Welcome to Orange Hatter.

Tali: 00:00:02

Today you're listening to part three of my conversation with Jules.

Jules: 00:00:05

Yeah.

Jules: 00:00:05

Um, wanna give a shout out to Bay Area Bitcoiners.

Jules: 00:00:09

That's the, the local, uh, meetup group that I'm a part of, and

Jules: 00:00:13

I host the Peninsula location.

Jules: 00:00:17

If there's any females out there that wanna check it out,

Jules: 00:00:19

we're not intimidating at all.

Jules: 00:00:21

It's a very casual thing.

Jules: 00:00:22

Very friendly group.

Jules: 00:00:24

Check it out.

Tali: 00:00:25

So can you give us an idea of what a typical Bitcoin meetup, uh,

Tali: 00:00:31

meeting would look like at at your club?

Jules: 00:00:34

At mine, it's, we have it at the same bar.

Jules: 00:00:37

It's like an outdoor casual area.

Jules: 00:00:40

Sometimes we have presentations, like, the reason I went to bitcoin

Jules: 00:00:45

meetups was to ask questions, and it was very intimidating.

Jules: 00:00:48

The first one I went to was in San Francisco and.

Jules: 00:00:53

I always had an excuse not to go, it was too far or I don't wanna park there, or

Jules: 00:00:58

I, you know, it was very intimidating as a female because you know, it's

Jules: 00:01:02

gonna be mostly men and, you know, I didn't have any technical knowledge.

Jules: 00:01:08

Um, but I just wanted to ask questions.

Jules: 00:01:11

And it's different to kind of ask these questions online, right?

Jules: 00:01:14

Twitter's kind of scary.

Jules: 00:01:16

So I really wanted to go, but I just always had an excuse.

Jules: 00:01:19

And then one week my sister was in town, I dragged her.

Jules: 00:01:24

Yeah, it was very intimidating cuz it was like a group that I've never met before,

Jules: 00:01:28

but everyone was so nice and so welcoming.

Jules: 00:01:32

So I decided to, so, um, Billy who kind of organized the whole thing, he wanted

Jules: 00:01:37

to do different locations and he asked if anyone wanted to do the Peninsula

Jules: 00:01:42

one and I volunteered because I know how intimidating it can be for women.

Jules: 00:01:46

So I, I kind of thought if, if I'm the host, then it'll be

Jules: 00:01:50

less intimidating, but so yeah.

Jules: 00:01:52

So for mine, we just kind of hang out and talk, and then sometimes I arrange

Jules: 00:01:56

presentations so that everyone can kind of get some like baseline, baseline knowledge

Jules: 00:02:01

about something and then ask questions.

Jules: 00:02:04

So we've had stuff on, uh, like mining, home mining, presentations

Jules: 00:02:08

on lightning, on ordinals.

Jules: 00:02:10

Um, the most recent one was like a Bitcoin needle chart.

Jules: 00:02:14

It was really fun actually.

Jules: 00:02:16

Um, so we'll have like a short presentation and a Q and A, and then

Jules: 00:02:19

people just kind of spread out and talk, or just, or some, like last

Jules: 00:02:23

month it was just no presentation, just hanging out and talking.

Jules: 00:02:28

People always ask questions.

Tali: 00:02:30

Yeah.

Tali: 00:02:30

So your meetup specifically meets once a month?

Jules: 00:02:33

Once a month, yeah.

Jules: 00:02:34

And we have in our, in the Bay Area, there's like eight different locations.

Jules: 00:02:39

So there's one like going on pretty much all any week of the month.

Tali: 00:02:45

Cool.

Tali: 00:02:45

So going forward, um, do you have any recommendations for other

Tali: 00:02:51

moms who are looking to introduce Bitcoin to their children?

Jules: 00:02:56

For sure.

Jules: 00:02:57

I, I strongly encourage it.

Jules: 00:03:00

Um, and I think just start with just talking about money.

Jules: 00:03:05

Don't get into technicals cuz you know, even for adults, it's just like

Jules: 00:03:10

you just, your eyes just glaze over.

Jules: 00:03:13

It's like, I don't know.

Jules: 00:03:14

So I think just keep it very simple and, and kind of talk about money and maybe the

Jules: 00:03:20

history of money and how it got debased and how now it's like backed by nothing.

Jules: 00:03:26

I think encourage kids to think about it, you know, I don't think

Jules: 00:03:31

they're, they're encouraged to think about it at all at school.

Tali: 00:03:35

Except for budgeting, I think.

Tali: 00:03:36

I think when they think money, they think how to teach your kids to budget, and that

Tali: 00:03:42

is a completely different conversation.

Jules: 00:03:46

I don't think they've learned that till high school.

Tali: 00:03:49

They don't?

Jules: 00:03:49

Uh, well, my daughter hasn't learned anything about that.

Tali: 00:03:53

Okay.

Jules: 00:03:53

So I, I think, I think in high school, like you start kind of learning

Jules: 00:03:57

about like taxes and stuff like that, but, but again, it's like they don't know

Jules: 00:04:02

like, that there's this money creation going on and you're forced to work harder.

Jules: 00:04:07

I mean, I think everyone just thinks like, well, at least my

Jules: 00:04:10

daughter thinks, oh, I have to go to college so I could get a good job.

Jules: 00:04:14

You know?

Jules: 00:04:14

And what, what's a good job to you?

Jules: 00:04:16

Like something that makes a lot of money.

Jules: 00:04:18

You know, I mean, so it's just kind of just ingrained in them that

Jules: 00:04:23

they have to make a lot of money.

Tali: 00:04:24

Otherwise you suffer, you know, you pay $9 a dozen of eggs.

Jules: 00:04:29

Right.

Jules: 00:04:29

Which I guess is true, which is true, but it's like we should kind

Jules: 00:04:33

of question why we have to make so much money, you know, versus doing

Jules: 00:04:39

what you enjoy or, or doing something that is helpful to people in society.

Tali: 00:04:46

That is so true.

Tali: 00:04:47

I, when I did that presentation to the homeschoolers, I was looking for

Tali: 00:04:51

statistics that show something that, that, that the kids can relate to.

Tali: 00:04:56

So I think, if I remember correctly, in nine, in the 1970s, it's takes five

Tali: 00:05:03

times the average household income, five to 10 times their average household

Tali: 00:05:07

income to buy an average house.

Tali: 00:05:10

So five to 10 years of working or something.

Tali: 00:05:14

Today in the big cities anyway, it's at least a hundred times, the

Tali: 00:05:20

house price is at least a hundred times more than the average income

Tali: 00:05:25

level, which means you have to work for a hundred years to buy a house.

Jules: 00:05:31

Wow.

Tali: 00:05:32

And when you think of it that way, you know, I, I was looking

Tali: 00:05:36

at the, the kids in the audience, cuz they came with their parents

Tali: 00:05:38

and their eyes were like, What?!

Tali: 00:05:43

That's why you have to make a lot of money.

Tali: 00:05:45

That's why you have to, you know, be like so income driven instead

Tali: 00:05:49

of goal driven or mission driven.

Tali: 00:05:51

It, it's a, it's a, it's very difficult I think for me, cuz my, my four

Tali: 00:05:55

kids are just entering adulthood.

Tali: 00:05:58

It's so difficult for me to figure out how to guide them anymore because

Tali: 00:06:04

their world is so different from my world when I, when I finished college,

Tali: 00:06:10

but I tell them about Bitcoin and it's kind of like what we were mentioning

Tali: 00:06:14

before until they feel the need for it.

Tali: 00:06:17

It's just fringe knowledge.

Tali: 00:06:19

Even for my kids, even though Scott and I are in Bitcoin education, we talk

Tali: 00:06:23

to people all the time about Bitcoin.

Tali: 00:06:25

For our kids, it's still fringe knowledge because they don't need it yet.

Tali: 00:06:29

So we are forcing them to participate.

Tali: 00:06:31

But you know, once we stop forcing them, you know what I mean?

Tali: 00:06:35

Like you, you can force your kids up to a certain point when they're younger.

Tali: 00:06:39

If you convince them from the time they're 12 years old, by the time they're

Tali: 00:06:43

18, they have that base knowledge and they can make a more balanced judgment.

Tali: 00:06:47

But my kids, we, Scott and I, didn't enter the Bitcoin space until they

Tali: 00:06:51

were already in their late teens.

Tali: 00:06:53

So they've already had a certain set of expectations that we help

Tali: 00:06:56

instill in them because that was our understanding of how the world worked.

Tali: 00:07:00

So now they have to, I guess, just get to the point in their lives where

Tali: 00:07:04

they feel like it is a necessary part.

Tali: 00:07:08

And then I know that, I mean, they know that they can come to us any time to

Tali: 00:07:12

ask questions, but yeah, that's just, everybody has their own journey, you know,

Tali: 00:07:17

to get to that, that Bitcoin rabbit hole.

Tali: 00:07:19

So...

Jules: 00:07:21

YEah, it is, and it's definitely a journey.

Jules: 00:07:23

I think everyone, it's like the proof of work thing, right?

Jules: 00:07:26

You have to, you have to put in the work and then it's there

Jules: 00:07:31

and you have to be patient.

Jules: 00:07:32

I always tell my friends like, give yourself at least like a hundred hours.

Jules: 00:07:37

It's not easy.

Jules: 00:07:38

And it's, it's journey.

Tali: 00:07:40

Baby steps.

Jules: 00:07:40

Yeah.

Jules: 00:07:41

Yeah, for sure.

Tali: 00:07:43

Any last, um, comments for our audience before we wrap up?

Jules: 00:07:47

Don't get discouraged, uh, when it gets confusing, just, just be

Jules: 00:07:52

patient and I think it's worth learning about and it's kind of life changing.

Jules: 00:07:59

So just keep trying.

Jules: 00:08:01

Just keep doing it, keep learning.

Tali: 00:08:04

Yeah, for sure.

Tali: 00:08:05

Well, thank you so much for, uh, talking with us today and sharing

Tali: 00:08:09

your story and your recommendations.

Tali: 00:08:12

And big shout out to your Bitcoin meetup group in the Bay

Tali: 00:08:16

Area and we'll sign off now.

Tali: 00:08:18

Thank you.

Jules: 00:08:19

Thank you Tali.

Tali: 00:08:21

I hope listening to this conversation has piqued your

Tali: 00:08:23

interest and inspired you.

Tali: 00:08:26

If you would like to learn more about Bitcoin or to read

Tali: 00:08:28

the show notes, please visit orangehatter.com for more information.

Tali: 00:08:32

Or you can email me directly at Tali@orangehatter.com.

Tali: 00:08:38

Be sure to subscribe to the Orange Hatter Podcast so you'll be

Tali: 00:08:41

notified when new episodes drop.

Tali: 00:08:43

See you next time.

Tali: 00:08:44

Thank you.