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Austrian Economics And Understanding Bitcoin with Hodlberry

Meet the Bitcoin Taco Plebs - Bitcoin Magazine

Release Date: 04/26/2021

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For this episode of Bitcoin Magazine’s “Meet The Taco Plebs,” I was joined by Hodlberry (@hodlberry), a faithful, honest, and hardworking pleb.

This conversation started off with Hodlberry sharing his Bitcoin rabbit hole story. He goes into detail on some fun things he was doing at the time he found Bitcoin, like hosting a gun related podcast. Then he shares how when he first got into the space he bought some shitcoins, but ended his shitcoin phase early as he already understood Austrian Economics. From my own personal experience and seeing others as well, having/learning Austrian Economic teachings is crucial to getting a firm understanding of Bitcoin. Because of this understanding of Austrian Economics, he was already into gold and silver, but dropped those for more bitcoin eventually.

Before Bitcoin, Hodlberry was living above his means and not saving a lot of money. Now with Bitcoin, he has adopted a lower time preference which is causing him to live below his means, and save more in Bitcoin. He shares his thoughts on the book Human Action by Ludwig von Mises and why it’s so important. This is a book I’ve yet to read, but I have read similar book to this such as The Theory of Money & Credit by Mises and the lessons you learn in these books are life changing.

We also got into topics like home schooling children, how Bitcoin solved the problem of triple entry accounting, what Hodlberry wants to see moving forward with the Lightning Network, and more.