Wait… my amount has doubled! Why did it go up so much??
My hairdresser was very surprised when she opened her Bitcoin wallet to receive my payment yesterday. In dollar terms, her wallet balance had nearly doubled since my last visit.
I’ve been paying for my haircuts with Bitcoin for a few years now. My hairdresser treats her Bitcoin wallet as a savings account – so she only checks it when I come in for another cut.
This is the first time she’s noticed a material jump in dollar value though. That’s largely because she’s built her balance up to the point where a Bitcoin price surge can move the needle.
Naturally, she wanted to know what happened. Why did this internet money thing that only one crazy guy seems to talk about skyrocket in dollar value?
My answer: Because they are printing trillions of dollars every year now… and Bitcoin is money that can’t be printed.
Bitcoin’s value proposition runs much deeper than that, of course. But I’ve found that the simple answer is often the best answer in short conversations. It’s the one that will stick.
We talked on Monday about America’s proud localist tradition. We’ve always maintained a spirit of self-reliance and rugged independence in this country.
That spirit may have dulled over the past 100 years or so… but it’s starting to reawaken. The seeds of a localist renaissance have already been sowed.
Continue reading “The Localist Renaissance”