Welcome to part three of Tali's conversation with Marina, who encourages people to be a part of history.
Highlights:
-Bitcoin's unique anti-inflationary nature, limited supply of 21 million (which boosts its value)
-the hidden potential of owning one's finances and the opportunity Bitcoin offers women in challenging socio-cultural environments (like Afghanistan)
-Marina encourages listeners to explore and play with Bitcoin, even starting with small fractions called SATs.
The episode emphasizes financial independence, empowerment, and invites listeners to join the Orange Hatter Women's Reading Club to further delve into Bitcoin. Share this episode with women who want to take charge of their financial future and be part of this exciting chapter in monetary history!
Marina's Contact Info:
Nostr-npub17069lhtwe279umwker069lcp33aqdgew70tn5q8cu2avml3sxpsqcu8hgu
Twitter-@MarinaSpindler
To learn more about Bitcoin: Join the Orange Hatter Women's Reading Club. Visit https://www.meetup.com/womensbitcoinreadingclubwithorangehatter
Please email questions/comments to Tali@orangehatter.com
Remember: Knowledge is empowerment! 🍊🎩
Mentioned in this episode:
Free Market Kids Short
Get your HODL UP ("The best bitcoin game ever!") at www.freemarketkids.com.
Hi everyone.
Tali:Welcome to Orange Hatter.
Tali:Today you're listening to part three of my conversation with Marina.
Marina:...and with time, how would become more and more valuable.
Marina:And so that's a lesson that, that isn't, or, or an, um, a piece of, of what is
Marina:Bitcoin, why Bitcoin is valuable, that did not really, does not resonate in the news.
Marina:Like they always tell you about the all the bad stuff, like
Marina:when it drops to 2K, right?
Marina:Or, or, or something like that.
Marina:But they don't tell you about the fact that it is anti
Marina:inflationary and that they, there is no possibility to print more.
Marina:Which is the difference with other cryptocurrencies, you can print more.
Marina:And I think that's the other part of why I, I've chosen to focus on Bitcoin.
Marina:Definitely a very important concept to make our, hopefully preco women
Marina:become aware is that the limited amount, the limited supply, like people
Marina:always want the unique thing, right?
Marina:If there's, if there's like a mass produced some kind of gadget, people would
Marina:buy it, but then they would realize that a million other people would have it.
Marina:So you can't really charge a whole lot of price for it, because, it's not unique.
Marina:You know, people tend to want unique things, but if you, if if an
Marina:artist made one artifact and it's the one, only one that will ever be
Marina:made, suddenly the value goes up.
Marina:If people, you know, like it, they bid up the price because there's only one.
Marina:It's, it's a limited supply.
Marina:Limited supply raises value, and so if there's only ever going to
Marina:be 21 million, everybody in the world couldn't own a whole Bitcoin.
Marina:There's only ever going to be 21 million and right there, because
Marina:human beings naturally understand that scarcity brings up the value.
Marina:That's, that's such an important fact.
Marina:Well, I mean, so this is the interesting thing about human beings.
Marina:Naturally we are not natural.
Marina:We are a Homer Simpson in our brains.
Marina:Sometimes there's something called behavioral economics and it, it
Marina:was a really interesting focus in the world because economics
Marina:was matched with psychology.
Marina:And for the first time, an psychologist won the noble laureate in economics.
Marina:And the whole proof was that our system kind of behaves in two ways, right?
Marina:That, that there's this fast version of how we make decisions that we call
Marina:gut decisions, and then the slow.
Marina:Process of making a decision and how our brains function.
Marina:And so in the fight or flight you have to make very quick decisions.
Marina:And so how sometimes our brain, like we should use, say that we
Marina:use money in a certain way and we should understand scarcity.
Marina:But until sometimes we're in the situation, we don't act.
Marina:And I, I think let's act, let's understand it.
Marina:Let's do it.
Marina:Let's play with it.
Marina:Play with it.
Marina:Download a wallet.
Marina:See how it goes.
Marina:Go buy a hamburger, go buy a beer with it, exchange it with a friend, and, and like,
Marina:I just, I downloaded it for my daughters and they have a, a little bit, you know,
Marina:I gave them $50 and I just say, okay, what's the price of your Bitcoin today?
Marina:What's the price of your, like how much?
Marina:How, you know, how's it going?
Marina:And it goes up and it goes down.
Marina:But I think mentally they're starting to understand.
Marina:What it means and how does it work?
Marina:And they see me go to, you know, buy fish or buy a hamburger or you know,
Marina:how their money is going up in value.
Marina:Different things like that.
Marina:That only until you use it do you start to not be afraid.
Marina:You know, understand that, okay, right now it's at this price, so I should buy more.
Marina:Those sort of things, right?
Marina:But obviously the other angle that's really important is understanding how
Marina:to safe safely guard your money and make sure that it's, um, not your Bitcoin.
Marina:If you're not paying attention, like yeah, maybe you buy it in an exchange,
Marina:but also potentially keep it for yourself.
Marina:Make sure it's safe.
Marina:Make sure you understand what you're doing because if you lose
Marina:it, you really lose it, right?
Marina:There's no 1-800 number to call to say, where's my Bitcoin?
Marina:So you really have to understand.
Marina:Your ownership of it.
Marina:And that's why we have to play, learn, download the wallet and understand
Marina:it first, you know, and then when it goes down, you can buy more.
Marina:If you, you'll, you'll have learned that.
Tali:Yeah, for sure.
Tali:Just take baby steps.
Tali:Yeah.
Tali:And the first baby step can be as simple as downloading a wallet and there
Tali:are lots of resources to guide you.
Marina:There's a lady who, who did a, a bit a talk about Bitcoin in Venezuela,
Marina:and she's one of the ladies that I interviewed and she says she spoke with
Marina:like 10 women and they were sitting there and she helped them, you know,
Marina:talk about it and explain it to them.
Marina:And they're like, and one of the ladies go, oh, okay, great.
Marina:I'm gonna go give this to my husband and ask him to download a wallet.
Marina:And she goes, no lady.
Marina:No, don't tell your husband anything.
Marina:Download your wallet and tell him.
Marina:And it, it's an app to, to track your period.
Marina:Like Teach.
Marina:Teach, and I think it does teach financial independence.
Marina:Because I, I am married to a PhD in finance, so obviously like,
Marina:I was like, okay, I have you.
Marina:You do.
Marina:And for the first time in my life, I'm paying attention to
Marina:things that are related to finance that are related to the Fed.
Marina:Again, I was studying public policy, not monetary policy, public policy,
Marina:but it's the first time that I'm paying attention to the things that really
Marina:matter for women to have power, to feel confident with their decisions.
Marina:With savings, with investing, you know, me, my decision to invest or
Marina:you know, or save a little bit here.
Marina:It really was a huge empowerment that I did not do before understanding
Marina:or getting into Bitcoin.
Marina:I, I just didn't, it was always a decision that somebody else made.
Tali:Yeah.
Tali:And talking about women empowerment, you had shared with me some stories at
Tali:our previous conversation at Bitcoin Park about women who are in compromised
Tali:situations, whether it's domestic abuse or something else, prostitution or something.
Tali:Can you talk a little bit more about how Bitcoin could help empower those women?
Marina:I think financial education is so far behind in every country.
Marina:We just don't teach that.
Marina:We don't really understand it.
Marina:And culturally speaking, so so the podcast that really hit me, and I really,
Marina:really loved, Laura Shin, did a story about the lady who ran a developer team
Marina:that did web development in Afghanistan.
Marina:And so she would pay them, but she couldn't because
Marina:the, they had to have a mail.
Marina:Whether it was their brother or their father co-signed with them at
Marina:the bank and so she couldn't pay the ladies because a lot of them didn't
Marina:have access to a bank account, right?
Marina:And so having your own Bitcoin, having your own wallet, having your
Marina:own money and being able to pay or do things with that really, really
Marina:made a difference in their lives.
Marina:And in fact, I think her sister paid her master's with Bitcoin.
Marina:Because she had been saving in Bitcoin.
Marina:She had been doing things that empowered her in a country and in a
Marina:system that was very male dominated.
Marina:So I think that understanding money and being able to, to, to have
Marina:power over your wallet, over your savings, over what you do with that.
Marina:Even if it's not like culturally like a situation in like in Afghanistan,
Marina:maybe it's just like me, where I had just delegated that decision in general.
Marina:And, and I'm not saying it's a bad thing.
Marina:It's, I'm just saying I, I switched my mindset completely with understanding.
Marina:Okay, now I.
Marina:I have to think about this.
Marina:I want to invest differently.
Marina:I want to think about my future differently.
Marina:So there's different levels of how it can empower women, whether it's precarious
Marina:because of abuse or precarious because you live in a country that's abusing you.
Marina:I think that that it's the same idea that if you have.
Marina:On understanding of your ability to save and, and be safe and, and transact for
Marina:yourself instead of depending on somebody else who may or may not want to manage
Marina:the money the way that you need it.
Marina:I think it's a complete, complete shift in, in, in the world, thankfully.
Tali:Yeah, and especially when you talk about empowerment, we need to also
Tali:talk about the fact that empowerment comes from you taking charge, right?
Tali:So you have to make that decision.
Tali:To educate yourself.
Tali:And if you have access to the internet immediately, the whole world opens
Tali:up to you with knowledge, right?
Tali:So there are so many resources out there.
Tali:Reach out and ask questions.
Tali:And every Bitcoiner is more than happy to share what they know.
Marina:That's the beauty.
Marina:Like I really do feel that, that the community is super interested
Marina:in, in helping you if you want to go through that journey.
Marina:It's like, oh, there she goes again.
Marina:She's gonna talk about Bitcoin.
Marina:So, I mean, but, so I'm happy to talk about it.
Marina:I'm happy to, to help you download a wallet.
Marina:I'm happy to show you how it works, understanding what is
Marina:lightning, which is how you can pay much faster and cheaper fees.
Marina:Understanding the different wallets and how that works.
Marina:You know, I have a friend who says I have more wallets than purses.
Marina:Right?
Marina:And that's kind of cool 'cause you're testing, you know, which one, what
Marina:are the fees, which one is like, your own wallet, your own Bitcoin
Marina:versus a third party and how, how the Bitcoin is transferred or not.
Marina:It, it really is a journey of knowledge and education, but you
Marina:first have to just play with it, test it, understand it, and, and, you
Marina:know, be a part of the new history.
Marina:I think that, I think that that's the coolest part.
Marina:I like being a part of history.
Marina:So if nothing else, just be part of our history.
Marina:Be part of this history, be part of how money is gonna change
Marina:whether the world wants it or not.
Marina:So just be part of history.
Tali:Yeah, and being a part of history doesn't mean that you have
Tali:to have a million dollars either.
Tali:You can play when you play with the wallets, it can be as little as 25 cents.
Marina:That's another thing that people don't understand, that you
Marina:don't have to buy a whole Bitcoin.
Marina:You can just buy a fraction, which are called SATs, right?
Marina:Satoshis...
Marina:who invented Bitcoin...
Tali:Thanks for joining us today and learning with us today.
Tali:If the discussion with our guest resonated with you and you would
Tali:like to dive deeper into the world of Bitcoin, don't miss out on joining the
Tali:Orange Hatter Women's Reading Club.
Tali:The meetup link is in the show notes.
Tali:Also, if there are women in your life whom you think will both enjoy and
Tali:benefit from learning more about Bitcoin, please share Orange Hatter with them.