Bitcoin: A New Mental Model for Financial Success

• The article discusses how Bitcoin is changing the mental model of people and inspiring them to live more responsibly.
• It points out that this change in behavior is due to the incentives of fiat money, which are not conducive to savings.
• The author then goes on to explore the ways in which these incentives have affected individuals, companies, countries and the world.


This opinion editorial by Bitcoin developer Jimmy Song examines how Bitcoin has changed people’s mental models and encouraged them to live more responsibly. He argues that this transformation is largely due to the incentives created by fiat money, which makes saving difficult for individuals at all levels.

Individual Incentives

The author begins by discussing how fiat money affects individuals at a personal level. He states that there are few good stores of value in the economy because of Keynesian policies and this makes saving difficult for many people. He goes on to explain that low interest rates combined with inflation also discourage people from saving as their money loses its purchasing power over time.

Company/Group Level

At the company/group level, Song explains that debt-based financing incentivizes companies to take on large amounts of risk in order to increase their profits or growth rates quickly without having to save up first. This can lead to financial bubbles where inflated prices collapse suddenly when investors realize they have overestimated the value of an asset or company too much.

National/Country Level

At a national level, Song points out that governments have used currency debasement as a way of paying off debts without raising taxes or cutting spending directly. This leads to devaluation of currency over time and erodes citizens’ wealth while simultaneously increasing government debt levels as they print more money than necessary just cover expenses instead of finding other sources of revenue.

World Level

Finally, Song argues that at a global level, fiat money has led countries into a race-to-the-bottom with each trying to devalue their own currencies faster than others so as not become uncompetitive in international trade markets. This has caused an alarming increase in global debt levels as well as instability in currency exchange rates since it’s difficult for businesses and investors predict what will happen next with different country’s monetary policies competing against each other so aggressively.

UK Announces Plans to Regulate Cryptocurrency Industry

• The United Kingdom has released new plans to regulate the cryptocurrency industry within its borders.
• The proposals focus on trading, lending and the safety of customer funds, with exchanges and firms required to ensure “fair” standards in disclosure documents.
• The consultation will conclude on April 30th, 2023, after which the government will consider feedback and create a response.

UK Releases Crypto Regulation Proposals

The United Kingdom has released its plans to regulate the cryptocurrency industry within the country. The announcement highlights that “high levels of volatility and a number of recent failures have exposed the structural vulnerability of some business models in the sector,” amongst other reasons, have led to these new set of regulatory guidelines.

Focus On Trading & Lending

Specifically focusing on trading and lending, the report describes how the United Kingdom’s government “will seek to regulate a broad suite of cryptoasset activities, consistent with its approach to traditional finance.” It details how proposals will place responsibility on the cryptocurrency exchanges and firms to define detailed content requirements for disclosure documents, ensuring “fair” standards.

Safety Of Customer Funds

In order to ensure the safety of customer funds, the consultation will seek to create a framework with clear guidelines for responsible practices.”We remain steadfast in our commitment to grow the economy and enable technological change and innovation – and this includes cryptoasset technology,” Economic Secretary to the Treasury Andrew Griffith remarked.

Custodial Actors & Intermediaries

The consultation also highlighted the necessity for cryptocurrency custodial actors and intermediaries to responsibly facilitate transactions and safely store customer assets. This is especially important in light of recent events throughout the cryptocurrency space that have left millions of customers without access to their funds.


Today’s consultation will conclude on April 30th, 2023, after which the government will consider feedback and create a response. “Once legislation is laid, the Financial Conduct Authority will consult on its detailed rules for

Follow the Path of a HODLer: Bitcoin Lessons Learned After 3 Missed Opportunities

• The article is about the author’s experience of missing out on investing in Bitcoin three times before eventually becoming a HODLer.
• He shares his key lessons learned during this journey and encourages others who are still doubting BTC to invest.
• The author explains how he was introduced to Bitcoin by a colleague and how, despite being aware of scams, thought it was worth the gamble.

Bitcoin Introduction

I am one of those who was fortunate enough to find out about Bitcoin more than a decade ago before it gained mainstream attention. Sadly, I am also one of the morons who saw this opportunity, didn’t think too much of it at first and let it fly by. In this little story, I’d like to share the path that led me to pass on investing in bitcoin three different times before eventually giving in and becoming a HODLer.

New Friend & New Knowledge

Given that I started my first full-time job in an online brokerage back in 2011, it wasn’t long before I made a friend named Edgar. We shared some interests, predominantly gaming and our long-standing nicotine addictions. We would often meet up for smoke sessions where we chatted about life, the universe and everything else as we dosed on nicotine and fresh air – during one such session Edgar told me all about Bitcoin, blockchain technology and its potential implications for the financial world. His enthusiasm got me really interested in the topic but due to my financial situation at the time I brushed off any thoughts of investing in BTC.

Scams Awareness

Being well versed with many online scams such as e-gold which seemed similar to Bitcoin at surface level made me doubt its legitimacy even further; however something about Bitcoin felt different than other dubious products so I decided to learn more about it – as I dug deeper into its codebase, whitepaper etc., I soon realized that there was something special here afterall!

Missed Opportunities

Unfortunately by 2012 when 3 million public keys already existed on the network my financial health had significantly worsened so I couldn’t invest even if I wanted to; then again over the years whenever things improved financially for me there were always other more pressing needs or obligations that took precedence over buying Bitcoins – thus resulting in missed opportunities each time until finally around 2017 when crypto markets started booming again after recent crash – this is when i decided not to miss out again!

Lessons Learned

So what are some key lessons from my journey? Firstly never underestimate emerging opportunities just because they don’t fit into your existing paradigm; secondly never overextend yourself financially beyond your comfort zone; lastly don’t wait too long once you have made up your mind or you may end up missing out!

Unlock Bitcoin’s Ultimate Value: Get Educated!

• This opinion editorial by Tim Niemeyer discusses the current bitcoin price and how buying it does not necessarily help people.
• He explains that the ultimate value of bitcoin lies in the understanding one gains from studying it, which requires time and effort.
• He also mentions several potential topics to study in order to gain this understanding, such as cryptography, economics, etc.

Bitcoin Price Pumping

The mainstream news recently reported that the bitcoin price has been pumping. For those who bought at the top and held until now, Peter Schiff’s advice may be to sell. Those who missed out may wait for confirmation before buying closer to $70,000. Some may just want to try and cash out near the next all-time high.

Proof Of Work

The real value of bitcoin is not quantitative but qualitative; it lies in learning about it through understanding cryptography, computer science, economics and more. It takes time and effort to gain this wisdom which can act as an anchor in a manipulated world.

High Time Preference

Many people are used to living with a short-term mindset (high time preference). Bitcoiners refer to this as having “high time preference”. To get the full benefits of owning bitcoin requires one to think long-term rather than focusing on quick wins or profits from trading one monetary good for another.

Unlocking Understanding

By studying topics like cryptography and economics related to bitcoin you can unlock understanding that offers both quantitative and qualitative benefits over time. This knowledge will give you greater insight into the technology behind cryptocurrency and its potential applications for the future economy.


In conclusion, buying bitcoin might make you some money but ultimately its true value lies in gaining deeper understanding through studying various topics related to cryptocurrency technology. The more you learn about it, the better equipped you will be when making decisions regarding investment opportunities or even your own personal finances down the line!