Spreading Bitcoin Worthy News-Leon Siegmund

The Bitcoin Source (00:01.523)
Leon welcome to the bit coin source can we start things off by having you introduce yourself to the world and to the audience

Leon (00:08.08)
Thanks for having me w yes of course my name is leon i run bit coin news dot com is since recently and i'm a bit corner

The Bitcoin Source (00:17.363)
Nice nice thank you leon for that introduction so the first thing i want to ask you leon is you know how did you start off as a bit coiner like what kind of influenced you whether it was books courses or even people in the ego system so could you kind of break down on your journey as a bit corner for us

Leon (00:33.08)
Yeah of course great question my story is i i was gold back before let's say and the reason is that i had the opportunity to dive into austin economics early on after school basically and yeah you know i think it's it's all like you know on the shoulders of giants so since i'm german i also have an advantage here because they are very great economist from germany so i think people like ou know roland barter to mention a few 

Leon (01:02.86)
I enjoyed his talks on on deflation and then day again you know they stand all on shoulders of giants such you know the original primary primarily literature miss high it goes back further down to classics but i really enjoyed those and i think it's it's a great definitely a great preliminary education to understand bit coin so i was you know i understood okay sound money

Leon (01:33.14)
you know is reasonable and and then later on i of course i think definitely andreas tonopolos i attended his mite in berlin back in two thousand sixteen where he was speaking that was great inspiration and inspired me to host met myself and of course definitely vera i think i would mention as one of the most influential yeah you now creators in the big place that was just relentless to interview everyone and talk about everything and i learned a lot from him

The Bitcoin Source (02:03.043)
yes most definitely and what i love about your story leon is that you know you really harp on austrian economics and when i was in the banking traditional finance realm everything was kind of like keensyin economics and you know bit coin wasn't really talked about you know back in those days and i just find it super interesting that you kind of had this school of thought a lot earlier than a lot of other bit corners had where you kind of had your basics in austrian economics where you could learn the sound principles and the fundamentals of

The Bitcoin Source (02:32.863)
sound money so my next question to you leon is um do you think bit coin will continue to be a valuable investment in the future

Leon (02:41.52)
yeah great question i mean you know i live i live in my subjective bubble basically right and i think you know one thing the austrians what reminds you of you know you can't predict the future right and that's the big the big mistake the kansans do and and indeed i agree with you right like the austrian school is you know nobody knows about it and only now it receives sort of a renaissance as well because i think it's more consistent more coherent and therefore you know more capable so i think for me

Leon (03:11.52)
it's very simple right i mean you know what is money you know good money is transportable it's divisible it's and it's valuable because its scars and so fat money you know doesn't really do that and gold has that issue that it's yu now hard to transport and hence you know prone to be centralized so i think for me bin is the best money the world has ever seen and and even you know even if it doesn't work out in the end like you know hypothetically

Leon (03:41.1)
i think i think i think it won't be a bit won't go back right so i don't think we will will see bit coin adoption decline it would rather increase and and it solves real real real problems i see a lot of people think and discuss this all the time and they're like yeah you know it's like it's worth us because they don't try it out they don't know but it is useful and valuable already for millions of people around the world to send transactions to receive transactions if they're unbanked and of course it is you know just you know from the past performance is the best performing asset also in history

Leon (04:11.32)
so you know i tend to agree to say that the future price of the coin it's usually higher than then in the past and yeah you know once you understand i think once you once when it makes click when it makes click and you get the bit coin idea there's no turning back really and it just makes a whole lot of sand so yeah i believe it's valuable it's valuable right now to me and i believe so in the future

The Bitcoin Source (04:34.823)
Yes most definitely and you know um you know i've had a lot of people ask me that i've tried a orange pill like you know what is bit coin back by and i always tell people that you know it's back by the network effect its back by the people that believe in the conviction of this asset and then they say oh this is crazy it's not back by anything this is this can't be real and i always tell them like well what is the u s dollar back by you know the audit for fort knox hasn't been audited you know since the sixties or the seventies so there's no

The Bitcoin Source (05:04.783)
Proof that there's actual gold bars and fort nox that we know if i mean they're probably is but we don't know so it's like a lot of the current currencies that you're seeing on the market right now aren't really backed by anything they're just being massively over printed and over inflated so why why not believe in bit coin right if you can believe in you know nara or dollars or yen or any of these other currenies you could believe in bit coin as well and you know what i love about your story and what you're doing is that you're a co founder

Leon (05:21.48)
right

Leon (05:29.22)
yeah

The Bitcoin Source (05:35.023)
A company called bit coin news which is really based on you know getting the education out there getting the media publication s about bit coing out to the world so like what inspired you to actually create bit coin news dot com

Leon (05:48.58)
Yeah i think you know as a as a bit corner at some point you realize how important it is and ye know um you know it matters to you perhaps and so for me i've always been interested in the aspect of like the global impact that has as a whole which which is very yeah you know just like creating a better world and a better future so you know as a bit corner if you're not you know you want the thing to to to work out and i think everyone is i mean

Leon (06:18.24)
at least i meet a lot of people that think the same way right so they start bitcombusinesses for one because you know they understand the future potential and you know of course you know i think it's going to be bigger than the internet think that's the fundamental thesis but but also because it really helps to you know quite a bit a planet and i think i'm very annoyed with the things that go on you know like the clown show politics you know the media the main men

Leon (06:48.38)
That's you know constant reporting wrong it also like now with ovid it looks like that you know farmer farmer companies have a lot of influence and and you know for for government to inject it in their in their population and then it turns out that it's not so healthy in the end so you know all that stuff it's so annoying a small one that's annoying to me for example is like energy saving bulbs always like to like to talk about it and so it is you know so because the government enforce it right and like the light bulb itself is beautiful is perfect it works of course you don't make money with it so that's why they

Leon (07:18.26)
A lot you know band just to have a worth product on the market nd it's all connected in a way right because once you really dive into austin economics i think you make a lot of connections and you see how interference and the feet you know the fat economy really lowest quality harms you know fair competition and hence you know harms in effect the consumer and you know what's available for for us so and all that motivates me a lot to say hey now to hell with this ship i'm so annoy

Leon (07:49.undefined)
You know i just really want to live on a bit coin standard already and so it's it's sort of like a parallel world that we were you know like we're moving there and i think that what really what motivate us and a bit coin news you know i think the domain is very available and it was good that now it's you know has a clear bitcoinony strategy and i see that people who join us as contributors who publish o help us you know we joined by people from like twenty nations and and they all have the same idea that you know how can we excell

Leon (08:18.3)
Rate adoption right like how can we they all they all have the same idea like how can we speed that up a little bit because we're also annoyed with the current system and and indeed i think it's it's definitely time because if we don't do it you know the the consequence might be that you know we do lose significant yeah opportunity to to to advance bit coin and you know the capturing of the government and that could have a very negative effective you know like if we see how how much people are manipulated

Leon (08:48.34)
and you know they would buy anything right so the c b c for example if government roll about cs and then you know you can only go shopping if your credit score is high enough that's something i think you know big corners are really care for and want to prevent and bit on is the tool to do so and the most effective tool we have because you know what's the alternative you want to go you know vote a different party you know congrats i don't think that works or do you know do you want to talk to local politician or representative or you know or do you want to you know tell your neighbor about your libertarian ideas

Leon (09:18.28)
Best thing is if bitcoin goes up you know your neighbor will be interested and if you give them the right bites you know and say hey you know like pico changed my life and i think you know it really matters for a lot of people around the world and that really what what helps us and pick news s this platform that invites every one to join the mission to just spread as much education and information as possible in order to educate more people around that and i think that's what what inspires us and motivates us

The Bitcoin Source (09:44.603)
Yes and you know you've had the opportunity to actually you know be outside of europe or the united states and actually get to experience what the bit coin standard is like in ground zero which is salvador and my question to you leon is you know do you think that bitqinis actually helping to improve the economy on the ground in salvador

Leon (10:05.34)
Yeah it's fantastic question so it really feels like that if you go there to save or ask a bit corner that is interested in bit coin and you have you know a bit on wallet a lightning wallet it's like this key right in your bion is a key to the second renaissance if you will write like it really changes the world go to salador where this is already reality right to i mean not not entirely of course it's still like a small thing let's say but it works go to your favorite fast foot chain or any shop you know in the city

Leon (10:35.36)
You know tons of restaurants to choose from and activity you can do and you pay there with bit coin and it really is mind changing right it really it really is to job dropping experience it's really fascinating it's magic so absolutely i mean i think i'm not too familiar with with the bare numbers there but as far as i know like you know p picked up significantly after the bitcoinbill was introduced and besides bitconyou now i think the president is doing a lot of things to improve life for every one there but i think

Leon (11:05.36)
You know from my personal experience what's beautiful to see is how how much talent is attracted and how many great people from all over the world are joining this kind of momentum else then really picked up now you know it's like two years in or one year end it's very much evolved and so many more people come there to live there and you know meet there meet there like my community really and so that's i think absolutely worth joining and trying out to go there and you know you will be

Leon (11:35.1)
Sure that you you will be surrounded by amazing people there are big corners very smart and bright and now working there to make the place better and it's a lot of fun as well i mean you know it's a beautiful country so yeah absolutely fascinating to see this and i'm very excited for for the future because this is still you know it's still just the start right's just the early beginning so i can i'm real looking forward to see how this plays out hopefully abil will really help also would to to to you know be its best version

Leon (12:05.78)
Yep

The Bitcoin Source (12:07.723)
Yes and you know like i said El Salvador is really ground zero for bit corners and it's almost like a testing ground where um you know i truly believe that bit coin always navigates to the most you know where it's most needed whether it's the most disenfranchised or under served countries in the world i think that that's where bit coin is most needed for sound money and El Salvador is a perfect example of that i always see Max Keiser talking about how crime is down the economy is doing a lot

The Bitcoin Source (12:37.683)
Better people are getting jobs people are understanding it better and they're actually utilizing bitcoin in their day to day activities so it's just beautiful to hear someone that's actually experience it for themselves to actually let the world know and let the audience know like our Salvador is a possible place to go to visit and actually enjoy the experience of being around bit coiners and just using bit coin as a form of money

Leon (13:01.undefined)
absolutely no i can only recommend if you have the oppotopportunity men hat's also interesting viz changes right and as you say i mean it's it's the momentum is you can feel it you can experience it and it's a lot of fun for sure

The Bitcoin Source (13:18.303)
So leon uh you know this this question is the last question for the show but um you know it's kind of like a call to action i really would love to like hear your thoughts on this and like what advice would you give someone who is thinking about investing in bit coin but they do not understand austrian economics

Leon (13:36.42)
Well i think you should just go ahead anyway and purchase your first bit coin in in my personal experience it's good to have a mentor you trust so you know may be a close friend or you know someone who really has a standing in a bit coin space its report able because of course you know someone else could come around when when the bull market starts alwsifyouknow like give your bitcoinals you can double or tenexyourou i coin and you invest it all in some ship coin and you lose money so i had this

Leon (14:06.6)
Great privilege that i at the time when i was learning and you know at the beginning it's just so big and overwhelming and that keeps you from learning i think so you want to have someone that you can trust that answers all all the beginning questions and and you put it together and you know you solve the puzzle and and it's like oh well okay cool so i think you know instead of saying you know invest in bad coin it's always like yeah you know just learn about it and so if somebody is already interested you know to double into it then you should just go ahead and m and you

Leon (14:36.38)
Learn all the mistakes on the way i guess and i would just encourage anyone know to read as much read it commune read the classic recommendations such as the bit con standard obvioulyobviously i think you know economics plays a role i it's not a requirement i would say at start but you i mean now the critical pieces of the austrian theism and theories they will be obviously taught to you as you go along and educate educate yourself

Leon (15:06.36)
About obviously the most important you know like what is money anywhere ight like and the austins have a pretty good i think very very reasonable and consistent way of explaining it also you know way more verbal like you shouldn't be afraid of economics the austrian way attacking that it's more verbal it's also you know it's not just numbers it's a moral political way understanding the world as well right so yeah i think i would read just somebody's interested in investing a good coin i mean

Leon (15:36.32)
Call it investing right we call it saving because you don't have you know you don't have a yield or return you don't give the money to adventure that works with it you mean you you just take different money you buy a different sort of money which is better which is better for saving because the supply is limited and it's not you cannot arbitrarily change it so i think my advice is just to enjoy this and and stay curious and you now let your curiosity you know drive you and then thankfully nowadays you

Leon (16:06.3)
Compared to when like years ago when when i saw there's so much beautiful material out there that it should make it much more easy and fun to learn about bit coin once you learn about it you know i think you will make up your mind and come to your own conclusions whether you should save a big corn or a ship coin

The Bitcoin Source (16:27.263)
Yes and i remember you know we had a conversation a little bit while back and we were talking about austrian economics and there was a book that you mention i don't know i you remember the name of the book but i would love for the audience to uh you know reach out and learn about that book so if you can give the name of that your favorite austrian economic book i love to hear it

Leon (16:38.74)
hm

Leon (16:44.74)
Yeah well i think i would definitely always recommend the bit coin standard from pychdenamos which is i think you know the bridge between bit corn and austin economics and in that book there are all the references to the primary primary literature from from austrian economists i think you know good books maybe would be um what government has done to our money by mary rothbert and if you want to go deeper than that you know mesas human action is kind of the bible the class

Leon (17:15.02)
it's a very big book but there's tons of very cool books that you can enjoy also if you don't like reading that much there's also a lot of really amazing key note talks and presentations by also economists and you know i think if you follow your curiosity you'll find the right the right to the stuff

The Bitcoin Source (17:34.163)
Yes leon this Bitcoin  conversation has been awesome i really enjoyed it before you leave can you give the world your social media handles and any future endeavors that you might want people to know about

Leon (17:44.76)
Absolutely so you can find us here bitnbitonnes dot com and that's kind of the main project right now and myself  it's like  but with not just not just i so leon 

The Bitcoin Source (18:01.463)
Once again leon thank you for taking time to be on the big coin source have a good one

Leon (18:05.98)
Thank you so much for for this great conversation and best of success great great podcast

The Bitcoin Source (18:12.523)
Bye

Leon (18:13.56)
Thanks