Chat with Lindsay, "On our first date, he bought a house with Bitcoin!" - part 2

Tali: 00:00:00

Hi everyone.

Tali: 00:00:01

Welcome to Orange Hatter.

Tali: 00:00:02

Today you're listening to part two of my conversation with Lindsay.

... Lindsay: 00:00:05

and I guess the, the economic principle at play here is like, it must

... Lindsay: 00:00:10

be, it must be worth it to me or else I would go and choose something else.

... Lindsay: 00:00:14

You know, ultimately I am, I am choosing, I.

... Lindsay: 00:00:17

This trade off, but it's still really painful, just, you know, to

... Lindsay: 00:00:22

be, to be doing the same work and being paid so much less for it.

... Lindsay: 00:00:25

So I think that relates to inflation because, you know, it's

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like our, our dollars are worth.

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Less tomorrow than they're worth today.

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And you've talked about this on your podcast, just how that incentivizes

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my generation and younger generations to just spend in much different

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ways than older generations.

... Lindsay: 00:00:51

And I related to that so much when I listened to that podcast

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interview of yours, just to...

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what it feels like to have like hope for my financial future in this particular

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landscape, um, with the particular earning potential that I have at my,

... Lindsay: 00:01:11

my day job, this job that I'm trained to do, versus just being able to invest

... Lindsay: 00:01:18

and see like return on investment.

Tali: 00:01:21

I think inflation is that, that topic that is so expected and so ingrained

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in our everyday experience that we almost stop questioning it at some point.

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It's just like you just know that things are gonna get more expensive, and yet

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your income just got cut by a half in exchange for a better lifestyle.

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And the question I asked myself is why the choices are so skewed in a way.

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I just came back from visiting family in a part of the country where the

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average household income is $600,000 and.

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I'm driving through the streets and I'm looking at the houses,

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and I'm thinking to myself, why is, why is the difference so huge?

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I, and then I, I interact with those people and I, I interact

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with people locally, right?

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I'm, I'm living in Kentucky, and I don't feel like one is working

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so much harder than the other.

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Or I guess if you, if you talk about the value of your work, that's, that's

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a whole nother, you know, discussion.

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But, the, the ease of dealing with inflation is just not,

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it's just night and day.

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Because for, for a household that is making that much money, when the gas

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prices go up, when the, you know, the food prices go up, it, it's neither here nor

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there for them it's just pocket change.

Lindsay: 00:02:49

Right.

Lindsay: 00:02:50

It's, they don't get hit as hard...

Tali: 00:02:52

Yeah.

... Lindsay: 00:02:52

by inflation.

... Lindsay: 00:02:54

Right.

Tali: 00:02:55

But for you, you're exchanging literally your labor, your, your life

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essence, which is your time, right?

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What is life?

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Life is your time.

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You're exchanging your time for money and to see it give you less

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and less back is really difficult.

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So let's talk a little bit about the root cause of that because, and maybe

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make a comparison between us looking at questioning what's going on in the

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financial system and what is going on in the healthcare system, draw some parallels

Tali: 00:03:28

based on your experience with nursing?

Lindsay: 00:03:30

So one thing about me as a nurse and just as a person, I'm really

Lindsay: 00:03:36

interested in figuring out root causes.

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I've been told that I should have become an engineer and

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I take that as a compliment.

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My grandfather was an engineer and I, I appreciate just, you know,

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being, told that it seems like I have a problem solving mind.

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I think I do.

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So yeah, I'm, I just like to get more underneath, like, why,

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why is this illness happening?

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Why is this symptom happening?

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And I don't want to just treat the symptom or just sort of eliminate the

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problem through means that are not really addressing what's underneath it.

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And I think that that parallels some of the decisions by our government,

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the Federal Reserve, just the powers that be in that, in, in our system.

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You know, the taxation in general is like a whole topic that we

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could spend lots of time on.

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But you know, the stimulus payments during covid and student loan forgiveness,

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like all of the things we are in these economic, it's like a crisis for people...

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Inflation, which we've already talked about, but like the root cause of

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why all these things are happening is because the money is broken.

Lindsay: 00:04:57

And I'm not the first person to say that, and I probably can't

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explain it the best, but our, our money is, it's an unlimited supply.

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It just gets printed.

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It's completely centralized.

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And it's just very susceptible to inflation.

Lindsay: 00:05:16

And as you were saying, it's like there's a class of people who benefit

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from inflation and there's a class of people who just get absolutely

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financially destroyed by it.

Tali: 00:05:29

Yeah.

Tali: 00:05:30

And based on your experience working in healthcare, what is

Tali: 00:05:34

it like in the established uh, system today in healthcare?

Lindsay: 00:05:40

Well, so I have my experience in the NICU and I have my experience

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in the ER, and both of those places are, are areas of Western medicine

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where I feel like, like, yes, we really need to be doing things.

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These aggressive interventions that we're doing, like intubation, you know, patients

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being on a ventilator using IV nutrition and medications to keep somebody's

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heart beating, like these are all things that I think are really important.

Lindsay: 00:06:12

But one thing that kind of surprised me about the ER, I guess I was naive

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going into that experience, but how much of it was not emergency medicine?

Lindsay: 00:06:24

I worked in a really busy ER in Nashville, kind of on the outskirts of town,

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but in a very diverse part of town.

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We had gunshot victims and drug overdoses and you know, people who had just gone

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into cardiac arrest in the community.

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And those people would come by ambulance and we would all swarm

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them and, you know, save their lives.

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And then like 75% of the rest of the ER was people who were there for

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like primary care or urgent care.

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So a lot of that ended up just being like symptom management.

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People would come in feeling nauseous and we'd give them nausea

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medicine and send them on their way.

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And while I do think, you know, those types of patients don't need to be

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crowding the emergency room, we also, it is just not at all concerned with

Lindsay: 00:07:18

like addressing people's like lifestyles that contribute to whatever symptom

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or illness they may be experiencing.

Lindsay: 00:07:27

And I do think, I think that that's like on us as individuals to get curious about

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our own health and like, you know, I, I'm not trying to say that any of those

Lindsay: 00:07:37

patients who came to the ER with nausea were, were in the wrong necessarily.

Lindsay: 00:07:41

But I think that, you know, they will, they may or may not get a bill for

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that, just depending on, you know, what their situation is and you know,

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insurance or tencare or whatever it is.

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But they have to want to figure out how to best care for their own bodies.

Lindsay: 00:07:59

And I don't think that our system really encourages people to do that.

Tali: 00:08:05

I think it comes down to education for sure.

Tali: 00:08:07

Right?

Tali: 00:08:08

Because if we draw a parallel back to the monetary system, it's your

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health, so get educated so that you can be empowered to keep your health.

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And it's the same thing with the monetary system.

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If you get educated, you are empowering yourself to take

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care of your financial future.

Tali: 00:08:30

I think that it's really easy to sit back and be told the right

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path to take, but that right path may not be the right path for you.

Tali: 00:08:43

It's just a sort of generalized, pretty picture right path.

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You know, like I, I have mentioned in, in other interviews, Scott

Tali: 00:08:53

and I follow the right path and.

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The right path works for a lot of people, but it certainly

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doesn't work for everyone.

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And I wish that I had known better to look at alternatives or even to question the

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right path, but I, I didn't take charge.

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I assumed, I kind of sat back and I, I was comfortable and I assumed that what

Tali: 00:09:16

I was told was the, the only best path.

Lindsay: 00:09:21

I have a friend who describes that as like outsourcing your, your

Lindsay: 00:09:27

knowledge about a particular topic.

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And I think that that's how a lot of people approach their own healthcare.

Lindsay: 00:09:35

Just, you know, I'm not an expert on this.

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I'm gonna trust my doctor and I'm gonna stay healthy that way.

Lindsay: 00:09:41

And I think maybe there was a time.

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In history where the system was set up to where that was, that was a decent

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way to go about managing your health.

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But I don't think that's the, the age that we're living in.

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I think if, if you do decide to outsource your, you know, your own health,

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to those experts, you are gonna be getting a one size fits all approach

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back and one size does not fit all.

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So the way that I have navigated this system for myself is just by, by

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educating myself and learning about, you know, how to best care for my body.

Lindsay: 00:10:28

So, not that I do that perfectly, um, but just really like, being our own advocates.

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I think we do have to do that.

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It's unfortunate that the media and, you know, the powers that be, you

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know, CDC and places like that, really, really silence people who question.

Lindsay: 00:10:49

So that's, that's been disappointing to me in covid times and after, because

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science is meant to be tested and the best science is science that's repeatable.

Lindsay: 00:11:01

But that isn't, that isn't really allowed to be talked about these days.

Tali: 00:11:06

Let's talk more about the hope that Bitcoin provides.

Tali: 00:11:11

So you mentioned that when you go to Bitcoin Park and you listen to the

Tali: 00:11:15

panel discussions, what you sense is this general, collective sense

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of hope and kinda looking forward to the future, because we talk so much

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about leveling the playing field.

Tali: 00:11:28

Can you give our listeners maybe just a general description of what

Tali: 00:11:33

the Bitcoiners put their hope in and what that future looks like.

Lindsay: 00:11:38

Yeah, so I think the source of hope that I pick up on at those Bitcoin

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meetups, it's just the hope of sound money, money that has a fixed supply that

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is decentralized, that allows people to take personal custody of their wealth.

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Especially as we've seen people relying on the, you know, current financial system,

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banks, just have their, their assets completely frozen and just inaccessible.

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That's a real thing that can happen, and I don't think a lot of people have

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realized that it could happen to them.

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And that having our own sound money really protects our freedom as individuals

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to express ourselves authentically, to live at peace with other people.

Lindsay: 00:12:33

So I think that it, it, I mean, it really does come down for me

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to the inflation piece because I, I am not motivated to save money.

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When that money is going to be worth way less in the future than it is now.

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And I've, I've always struggled to save money.

Lindsay: 00:12:58

I, I love, you know, if I've ever kind of come into like a bonus or,

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you know, I've worked a contract that was, really high paying and could,

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could bank a, a bunch all at once.

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I've, I've generally been excited to spend that money on like a home

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improvement or, you know, something like that rather than just putting it in the

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bank or putting it in the stock market.

Lindsay: 00:13:24

So I, I'm not the best person to speak about saving money, but I had a revelation

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kind of recently about why I don't save.

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And why I don't...

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just, why thinking about saving money just makes me feel like

Lindsay: 00:13:42

really depressed in life.

Lindsay: 00:13:44

Like yeah, I, I realized that like, saving money is for people

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who have hope about the future.

Lindsay: 00:13:51

Um, and it, it just really all clicked for me where I was like, wow, this

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is like really confronting because.

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I'm like, you know, confronted with my own, kind of just hopelessness in life.

Lindsay: 00:14:04

You know, a lot of things in my life have not turned out like I wanted them

Lindsay: 00:14:07

to, and so just dealing on a daily basis with like having hope for the

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future has been a struggle for me.

Lindsay: 00:14:16

But yeah, particularly, when it comes to money, because when we think about

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the future, what, like, what that future looks like is really dependent

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on our ability to, you know, provide the necessities of life for ourselves.

Lindsay: 00:14:32

So it's, it feels kind of like weird to put so much hope in a money, but we're

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all doing that in one way or another.

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If we, if we're not honest with ourselves, that like money is really

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important for our futures, you know, that it's just we deceive ourselves.

Tali: 00:14:53

Thanks for joining us today and learning with us today.

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If the discussion with our guest resonated with you and you would

Tali: 00:15:00

like to dive deeper into the world of Bitcoin, don't miss out on joining the

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Orange Hatter Women's Reading Club.

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The meetup link is in the show notes.

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Also, if there are women in your life whom you think would both enjoy and

Tali: 00:15:12

benefit from learning more about Bitcoin, please share Orange Hatter with them.