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GHAWG 🏍️
@magnacarta
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3 min read

2013 is when I discovered cryptocurrency, and it happened to be Bitcoin. By then it as already 4 years old. I read about Bitcoin in some article somewhere; I forget where. At that time, BItcoin was still a curiosity for most people, and few if any people cared about it.

I decided to mine Bitcoin from home with my laptop. In 2013 that was still possible. My biggest shock came when I saw the 8 decimal places and zeroes between the "0." and the first non-zero digit. Then I saw how much I was mining per time interval; I have to admit that I was disappointed.

In 2014 I had to move, and some time after my move the laptop I had been using to mine Bitcoin died. I still have the hard drive for that laptop somewhere. There is no way I could have mined 1 BTC, but it would be nice to see if I reached even 0.01 BTC.

So I'm like that guy who lost the keys to his USD 220 million in Bitcoin, only I'm behind him by, well, USD 220 million.

For many years I had forgotten about cryptocurrency, then it was becoming more common to hear about it in the news. I still hadn't done anything until Dogecoin made the news in 2021. Years earlier I leanred about Dogecoin and how it began as a joke. If Dogecoin could go from a joke to a crypto with an insane market cap, maybe I could find another crypto where I can xperience that as an investor.

Along the way I discovered Steemit, but I hadn't done anything. When Dogecoin broke out in 2021, I reconsidered Steemit for social media posting. After discovering the controversy surrounding Steemit I decided to sign up for a Hive account.

As for what I would tell people about Bitcoin and cryptocurrency, I would need to find out what concerns people first.

  • For someone concerned about control, I would say that crypto is trustless and permissionless and direct-- and with crypto you can be your own bank.

  • For someone concerned about utility, I would day that Bitcoin itself is more secure than any other money out there, and for in general there are cryptos whose blockchains can be used for many things (which is the opening to discuss Hive).

  • For someone concerned about ease of use, I would say that it's easier to use today than in 2013, and it's easier to get into than in the old days.

  • For anyone concerned about criminals using cryptocurrency, I just say something like this:

Do you know what else criminals use? Cash; Credit; precious metals; precious gems; food; water; air.

  • For the cheapskates who don't want to spend money to acquire crypto, I would tell them about faucets of various types and which cryptos are popular for faucets.

  • If anyone of these people decides to get some crypto, ten the next thing is to find out if it's available where they live and if exchanges in their area have the crypto they want. Some areas are friendlier to cryptocurrency than others, and you don't want to sign up for an account only to be told it's not offered in your state/province/zone. See what's available first before deciding what to buy.

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