YouSaid · the spoken record

Anil Patel

lines on the record: 47
first: 2023-05-31
most recent: 2023-05-31
sittings or episodes: 1
sources: podcast

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“Yeah, you can find me on Twitter in the bio of my Twitter handle. It's anil said so is a link to another page where you can download pretty much all my educational resources for free. They're designed to be very visual, very introductory, normie-friendly. Send them to loved ones. It's all free. Spread them around, steal them. And Preston, I just got to say, man, like, I'm such a huge fan of yours. Like what you've done for not just everyone, but for me personally, you know, the amount of value you put out into the world without asking for anything.”
2023-05-31 · We Study Billionaires · BTC132: Mental Models For Understanding Bitcoin w/ Anil Patel (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Yeah, and that's why, like, if you don't attack that challenge using the B word, but some other fundamental concept that helps them see flaws in the current system, perhaps then they might be willing to search the solution to that.”
2023-05-31 · We Study Billionaires · BTC132: Mental Models For Understanding Bitcoin w/ Anil Patel (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Yeah, yeah. And having to hide such a core part of yourself. Difficult. You know, you can't then be authentic or vulnerable with the people that you usually are.”
2023-05-31 · We Study Billionaires · BTC132: Mental Models For Understanding Bitcoin w/ Anil Patel (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Yeah, and think about how much of your life is influenced by the values that Bitcoin gives you. How much of that do you have to hide in public? Just because it's going to lead to a lot of maybe unnecessary conversations or further alienation. So having to hide very”
2023-05-31 · We Study Billionaires · BTC132: Mental Models For Understanding Bitcoin w/ Anil Patel (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“It's not when you're able to have conversations like this with other Bitcoiners and kind of flesh out your thinking to maybe confirm that you're not completely crazy. Being a Bitcoiner, especially if you came to Bitcoin as independent of your circle of friends, your family is just lonely. Because it forces you to completely rethink how you live your life, how the world works. You're probably reading completely different books. To normie's. So it's just lonely because it's a very different path. In the future, I believe this will be the norm. Kids will be learning about. Bitcoin or sound money, and Bitcoin just happens to be the soundest money. But it's hard being a Bitcoin because it's a lonely journey if you're doing it in isolation So go out and find your other Bitcoiners. Go to a meetup, go to a conference.”
2023-05-31 · We Study Billionaires · BTC132: Mental Models For Understanding Bitcoin w/ Anil Patel (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“I really try to reread it as often as possible. And it's just, it's a very easy read. It's just a lot of historical examples of how the process of innovation occurred. And, you know, you read the book, you go through all these examples of really groundbreaking discoveries or innovations that turned into technology we use in our day-to-day lives now and in very few scenarios was the state involved. It usually came from individuals hammering away usually as part of a group. They weren't doing it for the money or the fame. And it was very much grassroots movements that eventually took off because they just offered Value to society in a way that hadn't before. So it really just changed my thinking of how the future will be shaped and who is going to lead that.”
2023-05-31 · We Study Billionaires · BTC132: Mental Models For Understanding Bitcoin w/ Anil Patel (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Yeah, I mean, it's one that had a pretty profound impact on me and taking down a number of mental blocks that were stopping me from maybe fully adopting Bitcoin. When I still had questions around, well, maybe the state would come up with something equally as useful And that was really understanding the process of innovation. And Matt Ridley wrote this fantastic book called How Innovation Works.”
2023-05-31 · We Study Billionaires · BTC132: Mental Models For Understanding Bitcoin w/ Anil Patel (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Yeah. But that's part of it too. I still do and used to think that way. But then just through redirecting my focus on the people who are already at a point where they're open-minded enough to listen or to take that leap or eager to learn more. And then I've met a whole new group of people that I now love and admire and respect through that. I just feel that's the less frictionless road to take.”
2023-05-31 · We Study Billionaires · BTC132: Mental Models For Understanding Bitcoin w/ Anil Patel (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“What was going on? You know, I was curious enough, thankfully, to kind of. Assume that question, but it was through them demonstrating a life that was worthy of imitation that I took the leap. They didn't have to shout down my throat or throw facts in my face. It was just obvious. So, yeah”
2023-05-31 · We Study Billionaires · BTC132: Mental Models For Understanding Bitcoin w/ Anil Patel (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“What most of us miss is we're trying to bring logic to an emotional. Discussion. And I would maybe encourage people to try to bring more emotion to that conversation. Because that's what enables change. And that will only come if you can pinpoint someone's source of pain or friction in their life. Until you can validate that emotion with them, not for them, but with them, they're not going to listen to you about making some fundamental change of how they live their life. How they choose to denominate their life savings, you know, you have to earn their trust. And one great way to do that is just demonstrate your values. You know, one thing that was obvious to me in the early days is I'm just watching all these Bitcoiners live a lower stress life. They were fitter than me. They were happier than me. They had better relationships”
2023-05-31 · We Study Billionaires · BTC132: Mental Models For Understanding Bitcoin w/ Anil Patel (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“So, I mean, look, I don't think there is a Bitcoin community. There's a lot of individuals with different preferences, beliefs. And I think just a lot of the clear rational thinkers at the world have become Bitcoiners over time. A lot of my time now, and I think this is true for most other people who have adopted Bitcoin, is spending time educating those they love.”
2023-05-31 · We Study Billionaires · BTC132: Mental Models For Understanding Bitcoin w/ Anil Patel (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Like this one Thank you. Yeah, and it's just look, it's an opportunity for us to help protect just the most productive members of society.”
2023-05-31 · We Study Billionaires · BTC132: Mental Models For Understanding Bitcoin w/ Anil Patel (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Yeah, and that's not us being jerks. It's we've experimented with something. We've had, you know, positive outcomes because of it or impacts in the rest of our life. And now I want to help others kind of come onto that lifeboat because I feel or believe that they'll see similar results in other aspects of their life.”
2023-05-31 · We Study Billionaires · BTC132: Mental Models For Understanding Bitcoin w/ Anil Patel (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Because there's just very little risk or cost for others outside of it to cater to that group. And I feel like we're seeing that. And part of that is because Bitcoin is just a superior unit of account, especially one thing I try to keep tabs on because it's really interesting to me is the insurance industry. How many Bitcoiners do you think would want to have a life insurance policy payout denominated in Bitcoin? Now, take out the counterparty risk part of it, but just try and think of that example. You know, it benefits both parties. Why would they not do that eventually if the regulatory barrier is lower enough to allow that? So I feel like we're going to see this play out in many different industries where people will want to serve Bitcoiners and they'll be able to do so because the tools to do that are just very easy to implement.”
2023-05-31 · We Study Billionaires · BTC132: Mental Models For Understanding Bitcoin w/ Anil Patel (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“So, what is likely to happen? If the friction is low enough for someone outside of that group to offer, say, goods or services in both denominations, for example, they can still surf their fiat customers, but now they can also serve customers who exclusively operate in the Bitcoin world. And the friction is low enough, why would they not do that? They now have access to this entire new group of potential customers trading partners, whatever you want to call them. So over time, that small group of individuals not only grows, but it forces its preference on the rest of the system.”
2023-05-31 · We Study Billionaires · BTC132: Mental Models For Understanding Bitcoin w/ Anil Patel (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Yeah, first of all, this is a concept popularized by Teleb. And I know many Bitcoiners don't always feel that great about acknowledging him, but I think this is an idea we should absolutely preserve and use for our own understanding. And the idea around the intransigent minority is think of Bitcoiners and how willing they would be once understanding Bitcoin to accept an alternative unit of account to measure economic value or even denominate their own savings in at this point. You're just not going to get them to change. They've already made the switch. They've left that ship permanently. So now you have a group of Bitcoiners who are unwilling to change their unit of account. And that number's growing over time. We can visibly see that.”
2023-05-31 · We Study Billionaires · BTC132: Mental Models For Understanding Bitcoin w/ Anil Patel (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Yeah, and Brandon's really done the work on that. He's someone who's taken a passion in his life. Compared it to Bitcoin, found out what rules or laws from nature translate He's written some brilliant, brilliant pieces that kind of make that link. So I'd encourage anyone to go and check out his work.”
2023-05-31 · We Study Billionaires · BTC132: Mental Models For Understanding Bitcoin w/ Anil Patel (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Top of it. So it really comes down to risk and introducing unknown or unknowable risk into a system by adding complexity on top of it.”
2023-05-31 · We Study Billionaires · BTC132: Mental Models For Understanding Bitcoin w/ Anil Patel (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“To build a system where the kind of base of it is not yet functional or is still a work in progress, and you're adding all kinds of things on top of it, I mean imagine a tower of Jenga blocks that is only supported by a single block. The more complexity you add into that system before first getting it stable and functional, you're just adding more risk.”
2023-05-31 · We Study Billionaires · BTC132: Mental Models For Understanding Bitcoin w/ Anil Patel (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“The goal's law is the idea of first building a system that is functional before you choose to add bells and whistles. Iterate on it. You want to have a very strong foundation, especially when we're talking about monetary systems. Make no mistake, Bitcoin is money. So imagine you're building a house. How important is the foundation or the stability of that foundation to you, I guess is the question. If it's not that important to you, by all means, you know, go crazy, be innovative. But what Bitcoin gave us is a very strong, verifiably strong foundation that then allows us to innovate on top of it without causing any permanent damage to that underlying foundation. You can kind of innovate without that risk.”
2023-05-31 · We Study Billionaires · BTC132: Mental Models For Understanding Bitcoin w/ Anil Patel (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Counter Well, let's imagine that you're trying to move 100 million dollars. An equivalent Bitcoin units at this point in time, you probably want some level of confidence around the finality of that transaction. You're free to choose. You could choose to use the Bitcoin network. You could choose to use XYZ network.”
2023-05-31 · We Study Billionaires · BTC132: Mental Models For Understanding Bitcoin w/ Anil Patel (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“So I kind of see those two polar opposites really as Bitcoin and everything else. Not just the fiat system, but also other, I guess, digital currencies trying to compete with Bitcoin. But they're very separate things. So it's really going back to proof of work.”
2023-05-31 · We Study Billionaires · BTC132: Mental Models For Understanding Bitcoin w/ Anil Patel (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Now, if you choose not to go down that route, which is something that's quite verifiable, you can have very transparent rules around it and everyone's on the same footing. The other direction is governance Which is basically the Fiat system, and you're putting all those responsibilities on the shoulders of a select group of individuals. You can choose whoever you want those individuals to be. You can choose however they decide on the particular decisions. But you've introduced moral hazard into it. Humans, given a long enough timeframe and the ability to influence things at that level of society, you know, like the base money of a society, you're just asking for trouble.”
2023-05-31 · We Study Billionaires · BTC132: Mental Models For Understanding Bitcoin w/ Anil Patel (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Yeah, the whole point of Bitcoin is to remove third parties from exchanges of value and the issuance of money And Can only do that if there is some kind of work or effort involved in both those things. Either the issuance of currency or the validation of transactions.”
2023-05-31 · We Study Billionaires · BTC132: Mental Models For Understanding Bitcoin w/ Anil Patel (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“And the benefit in understanding it is that if you choose to use Bitcoin as your long-term savings vehicle is you can tune out that volatility. Because you understand that's just the natural course that's going to happen. Given the inputs”
2023-05-31 · We Study Billionaires · BTC132: Mental Models For Understanding Bitcoin w/ Anil Patel (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Which is, you know, people get very overly optimistic about its future during booms and that kind of plays into itself creating this positive feedback loop. And we see the same thing on the way down. Now, the important thing to understand is we cannot differentiate between What factors are causing that? Is it someone's Views over what's going to happen, or is it the momentum of the market playing back into the individuals in that kind of feedback loop fashion? So, yeah, I would.”
2023-05-31 · We Study Billionaires · BTC132: Mental Models For Understanding Bitcoin w/ Anil Patel (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“So, the concept of reflexivity drills down to the individual that in a, let's say, a free market, you have a number of thinking participants. They're going to come in with their own views, experiences, perspective, capital, risk tolerance, and they're going to be swayed by their own unique set of biases. inherently is going to introduce volatility into any market. Now you couple that with something like Bitcoin that is being monetized from zero. And I think that just kind of compounds even more so. So the idea of understanding reflexivity in the context of Bitcoin is really a way to understand Bitcoin's highly cyclical nature through these boom and bust cycles that we see.”
2023-05-31 · We Study Billionaires · BTC132: Mental Models For Understanding Bitcoin w/ Anil Patel (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Yeah, with just the fact that he wrote that in 2015 and there are other thinkers like Pierre Richard or Michael Goldstein who are putting out these incredible pieces So long ago, with such incredible foresight Is what kind of drew me into the space in a very serious manner was thinking here are these incredibly smart people. I cannot fault their logic. And they're all heading in one direction. And that is focusing on Bitcoin and its monetization path. So, yeah, I feel like. We've got all these amazing sort of signposts in our past the Bitcoin educational content that came out that a lot of the work's been done for us and all those that hard thinking has been done for us if you're able to figure out who are the people providing that signal.”
2023-05-31 · We Study Billionaires · BTC132: Mental Models For Understanding Bitcoin w/ Anil Patel (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Because now we've introduced another human with a unique set of skills, a unique set of values who is going to provide value to that economy in a way that benefits the whole system. So, you know, you kind of see this trend now where people will only sell their goods or services for Bitcoin. And the way you get Bitcoin from someone is you have to create more value or enough value that encourages them to part with their Bitcoin. So the way I see it is you have this fiat system on one side and you have this Bitcoin circular economy growing on the other. One is creating an ever-growing pie and the other one is very much zero sum and full of conflict. I think we're on a very clear path with Bitcoin in terms of its adoption, mirroring what we've seen with the adoption of other major communications technologies.”
2023-05-31 · We Study Billionaires · BTC132: Mental Models For Understanding Bitcoin w/ Anil Patel (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“So you could take the example of a telephone, really simple one. You and I have a telephone. Great, we can communicate. We throw an extra person into the mix. Well, now we have three individual lines of communication, add in one more. Well, it doesn't just go to four. You know, it goes up to six. And you continue that trend onwards. And it's the same with Bitcoin in the sense that the benefit to me of using Bitcoin with each additional user, it increases beyond just having one more person in that group.”
2023-05-31 · We Study Billionaires · BTC132: Mental Models For Understanding Bitcoin w/ Anil Patel (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Every new technology that gets adopted at a significant enough scale that it becomes a core piece of how we live our lives. It doesn't just get introduced or dropped into the world like a central bank digital currency. It grows with time because it offers something useful to its users. And that usefulness increases exponentially with each marginal addition.”
2023-05-31 · We Study Billionaires · BTC132: Mental Models For Understanding Bitcoin w/ Anil Patel (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“I'm with you 100%. It's, you know, everyone's going to be wrong most of the time. It was the rationale behind your decision coming from a place of critical thinking and sound logic. Sometimes you will make the best decision in a situation. The outcome will be unfavorable or negative. But given the information you had and the environment you were in, you made the best possible decision. So, yeah, you should be wrong most of the time. But like you said, are you humble enough to lower your ego and take it as a learning opportunity?”
2023-05-31 · We Study Billionaires · BTC132: Mental Models For Understanding Bitcoin w/ Anil Patel (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“So, in the digital age where you're trying to curate your own information diet, look out for those red flags because the tighter and tighter you can get your funnel to a group of people, usually individuals, not large publishing entities, but a group of individuals who are clear thinkers where that's proven to you with evidence over time. The clearer your thinking will become, the better or easier it is for you to just tune out the noise and focus on what's actually going on at a fundamental level.”
2023-05-31 · We Study Billionaires · BTC132: Mental Models For Understanding Bitcoin w/ Anil Patel (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“You have like this data point now piece of evidence that shows that was incorrect. And you go back and you look at the logic they used to make that assertion. Well, if they're not kind of thinking from first principles, like put aside the agenda they may have. But if they're not giving you information that has been thoroughly researched and is defensible in its logic, then that's almost a sign you should disregard whatever else they say because you won't be able to verify if it's accurate or not, especially in areas where you're not an expert. So outside of Bitcoin.”
2023-05-31 · We Study Billionaires · BTC132: Mental Models For Understanding Bitcoin w/ Anil Patel (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Yeah. And that's probably a good actually segue into there's one concept in the book that really summarizes just about everything else in it and everything we're probably going to talk about in terms of our frustration with those clickbait narratives that kind of get put out there. And that's this idea of the gel man amnesia effect. And it's a very obscure term, but it was coined by the author Michael Crichton, if you're familiar with him. But the basic idea is if you read something, a piece of information, usually journalism, like you just mentioned, that wonderful article that came from the Bitcoin would consume all the world's energy by 2020. And that does not happen.”
2023-05-31 · We Study Billionaires · BTC132: Mental Models For Understanding Bitcoin w/ Anil Patel (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“And Vaclav Smil. So this is kind of the book that. Really walks through the whole process. For me, this is like the Bitcoin standard of energy Energy and civilization. And one key point to take away from the book is that every transition in terms of like the primary energy source that a society uses is driven by making the previous source abundant. Which comes from declining costs in a very rapid fashion usually. So, you know, we would never have progressed to extracting oil unless we used massive amounts of coal through steam-powered engines that helped extract oil. Know, and that was only possible because the price of coal declined so much because we got so much more efficient at using it. And coal only became possible because we got so good at using wood as an energy source”
2023-05-31 · We Study Billionaires · BTC132: Mental Models For Understanding Bitcoin w/ Anil Patel (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Yes. Firstly, everything mentioned in the book, you know, these are not obviously my own original ideas. It comes from reading another book from someone smarter than me and realizing this is very important and it applies to Bitcoin beautifully. So, Javon's paradox really explains that as we get more efficient at extracting a particular source of energy, let's just say whether that's coal or oil or what have you, or we get more efficient in using it in terms we get more out of it and make the most of its energy density. Well, obviously the cost per unit of it is going to go down And what does that do to demand usually? You know, if oil was $1 a barrel, would we be using more or less energy?”
2023-05-31 · We Study Billionaires · BTC132: Mental Models For Understanding Bitcoin w/ Anil Patel (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“So it had this perfect path to get to where it is today, which is half a trillion dollars, millions of people around the world interact with it on a daily basis. So I'm very optimistic that Bitcoin is the thing that forces creative destruction on the central planning of the monetary system.”
2023-05-31 · We Study Billionaires · BTC132: Mental Models For Understanding Bitcoin w/ Anil Patel (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“So it's pretty much indestructible. And that's really the key property you need in something that's going to challenge a system like that. So, you know, Bitcoin doesn't need to be the fanciest, shiniest, fastest thing out there. And I think this is something Michael Saylor talks a lot about, is it just needs to be indestructible. So this is a very unique situation where innovation is usually not welcomed. In terms of the creation of private forms of money. In the fiat era. So Bitcoin just does it in a way that cannot be shut down. It does it in a way that's very hard to detect. And it did it in a way in the early days where it appeared to be a novelty. It was almost treated as a toy”
2023-05-31 · We Study Billionaires · BTC132: Mental Models For Understanding Bitcoin w/ Anil Patel (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Yeah, absolutely. Bitcoin kind of provides. The solution, I guess, firstly, we could look out at the world and survey all these different industries. So I kind of mentioned. The music industry. You could look at education at the moment. You could look at, I mean, software's impacted so many industries across the board, but one that's always been maybe immune to that because of the monopoly powers of governments and the central banking. Cartel is their power over the issuance and transmission of value. So Bitcoin. Has been so successful because it's kind of come from the ground up. It's been a grassroots effort. So it was very difficult to detect in its early days how much of a serious threat it was. And then it also happens to be decentralized in a way that makes it almost impossible to shut down.”
2023-05-31 · We Study Billionaires · BTC132: Mental Models For Understanding Bitcoin w/ Anil Patel (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“So, understanding creative destruction that technology Will continue to evolve. Humans are ingenious creatures. Going to find better, faster, cheaper, smarter ways of doing things. And that's going to have real world consequences. So, you know, for me at that point in my life, I was looking around thinking, I don't understand what's going on. I have to stop what I'm doing. I ended up going back to school because of it. Just because I felt completely out of my depth by not understanding the process of creative destruction.”
2023-05-31 · We Study Billionaires · BTC132: Mental Models For Understanding Bitcoin w/ Anil Patel (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Me, it's definitely creative destruction. I don't even have to think about it. That to me personally, I think that most people would be the most useful thing to understand. Make sense of the world. I cut my teeth in the music industry back in the early 2000s, 2010s. And I could see things happening all over the place from, you know, we had the rise of MP3s and CD burners completely changing the economics of the music industry. Now bands had to tour, you know, tickets were going digital from lighting up at your physical box office. StubHub launched, you know, if you wanted to make it as a band, you had to pay attention to social media and YouTube. So I could see all these forces around me reshaping this industry that for a very long time had existed in a very similar form. But I didn't know how to explain what was going on.”
2023-05-31 · We Study Billionaires · BTC132: Mental Models For Understanding Bitcoin w/ Anil Patel (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“I just have to say, I really appreciate that coming from you when the book actually came out. I was terrified because it came out at the same time as Gladstein's new book, as Knut's book, who else? Someone else had a book coming out. And I'm just thinking, like, I feel like that indie director that's trying to have their opening weekend at the same time as like Ridley Scott and Scorsese. So, you know, to hear that from you just means a lot. You know, I have a huge respect for you.”
2023-05-31 · We Study Billionaires · BTC132: Mental Models For Understanding Bitcoin w/ Anil Patel (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“So, you know, I like to let's just say a Venn diagram. You can't communicate something as simply as this. You don't understand it well enough to be trying to teach someone.”
2023-05-31 · We Study Billionaires · BTC132: Mental Models For Understanding Bitcoin w/ Anil Patel (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“No formal training. But I think it kind of came again from that forcing yourself to condense information into a way where you have to strip. Away everything that's unnecessary So, you know, what I really like to do is I would give a lot of presentations in previous careers. And I kind of carried that maybe skill set into explaining Bitcoin. And, you know, something that I do a lot is I doodle on post-it notes. So, okay, here's an example. If you're giving a talk or a presentation, And you're going to use visual aids, they have to be very simple. That an audience can take them in while they're also listening to what you're saying, the information you're giving. So, you know, you really want to be able to communicate whatever you're trying to show on something about this size Using something like a Sharpie from about this far away”
2023-05-31 · We Study Billionaires · BTC132: Mental Models For Understanding Bitcoin w/ Anil Patel (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Awesome. I'm at a point in life where I've got two young kids and limited bandwidth. So I know there are other people out there like me who can't walk around with 50 different frameworks and mental models in their head. So how could I condense it in a way that someone can just pick up a book when they hear a particular term or keyword? Through the pages and get what they need at a very high level. This is not a dense book. But at a very high level and be able to move through whatever else they're already consuming”
2023-05-31 · We Study Billionaires · BTC132: Mental Models For Understanding Bitcoin w/ Anil Patel (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Absolutely. Thanks for having me on the show. Yeah, you already nailed it. It was different. There are a lot of fantastic books out there that cover so many different aspects of the very complex topic that is Bitcoin. And I'm going to level with you, and this is not me being humble. I'm an idiot. I needed to force myself to Go through this process. To understand Bitcoin from first principles. So I wrote this book for myself as a project.”
2023-05-31 · We Study Billionaires · BTC132: Mental Models For Understanding Bitcoin w/ Anil Patel (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT