Feb 17, 2021
For this episode of Bitcoin Magazine’s “Meet The Taco Plebs,” I was joined by fellow pleb Yung Lerk (@YungLerk_) for his first-ever podcast appearance.
This was one of my favorite episodes I’ve recorded in this series and I’m sure you’ll love it just as much as I did. We kick off this interview by discussing Lerk’s rabbit hole story and how he found Bitcoin. He shares how he went through 4 touch process with Bitcoin after finding it for the first time in 2012, and seeing it pop back up over and over again as time went on. He remembers his friends buying things from silk road with bitcoin and talks a little about that.
Bitcoin changes you, you don’t change Bitcoin. And Lerk explains just how much he’s changed since coming into the Bitcoin space. Precoiner Lerk would spend lots of money of things he didn’t necessarily need, and explained how he earned a good amount of money but didn’t know what to do with it. Once he dove down the rabbit hole, he stopped the needly spending to accumulate as much bitcoin as possible, and he hasn’t looked back. He mentions the importance of bitcoin’s finite supply of 21 million, and why that urges him to stack harder.
This leads to a discussion about time preference and savings, and how Bitcoin completely changes your incentives in life. “If it doesn’t change your life, you’re doing it wrong” he says, and I completely agree. Many people who buy bitcoin don’t get into it and learn why it’s important. Bitcoin is powerful enough to change the lives of anyone, so if it doesn’t change yours, you may be going about it wrong.