Aug 29, 2019
Since its inception in 2009, Bitcoin has been challenging for many people to understand. And while millions of people today may have a basic understanding of this relatively new form of currency, many people still don’t truly understand Bitcoin, how it works, or why it’s a revolutionary way to purchase products and services.
In today’s episode, Bitboy discusses the recent social experiment he conducted on Youtube to learn what the general public really knows about Bitcoin. We discuss why we believe many people still prefer to receive cash instead of Bitcoin, why people still perceive it as an ‘untraceable’ currency used by criminals, and what the crypto community can do to help raise awareness and educate the public. We also discuss Bitboy’s crazy beard-trimming adventures as well as the upcoming Motorcycles on Meridian event that is scheduled to storm the downtown Indianapolis pavement this weekend.
“It’s not Bitcoin, itself, that’s become traceable. It’s that investigators, chainalysis, and cyber trace have actually figured out a way to track it through exchanges that use KYC.” - Bitboy
This week on Beards and Bitcoins:
This episode is sponsored by MonarchPay. Crypto Starts Here.
MonarchPay is the world’s first decentralized recurring crypto payment service. Designed to make receiving and paying recurring crypto payments safer, faster, and easier for consumers and merchants alike.
To learn more about MonarchPay and how to get started, visit MonarchPay.com
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