Hey Folks,
Welcome to another edition of the Orange Pill Update. I know that’s a pretty bold statement above but just hang with me for a minute and I’ll give it a little context.
For those of you in or around my age group (I’m 61), you may remember a time when we had to remember phone numbers. We had to wear a watch to know what time it was. A time when we didn’t have the collective knowledge of the world in our pockets at any given moment. Anyone remember having to search for a pay phone? How about this, it’s summer time right now. As a kid I would leave the house in the morning and sometimes not come back home until dinner. And my parents had NO IDEA where I was or what I was doing. The only rules were that I couldn’t go across the turnpike at one end of my street or go past Pools Hill on the other end of my street. And I had to be home in time for dinner. That was it!!!
Well things have certainly changed from the internet in the mid 1990’s to a little over a decade ago when the iPhone really changed everything. Allow me to elaborate. The advent of the internet, and in particular high speed internet, was a game changer. I saw it at the time and made some bold observations. Observations like this internet thing was going to reach into every aspect of our lives. Who would have ever imagined that your refrigerator or oven or HVAC system, or your entire house for that matter, would be connected? Enter the IOT (Internet of Things) and now everything is connected and it touches every part of our lives.
Then, along comes this little thing called a smart phone. That’s not even really a phone at all. It’s a handheld supercomputer and one of the apps running on it is a phone app. This device has changed the very fabric of our existence. We are never without our phones and everything we do, in many cases, is done through this device. Everything is migrating toward this little device. And I mean EVERYTHING. It's our calendar, our personal assistant, our matchmaker, our roadmap, our fitness tracker and yes it’s even our bank. And that’s where our little orange friend comes in.
Just like we never dreamed that the little phone we carry around would wrap itself up into every aspect of our lives, Bitcoin will eventually do the same thing. I remember when I first heard that Dominos was creating an app for ordering pizza from your phone. For a brief moment I thought to myself “who’s going to use an app to order pizza?” It turns out that I, and tens of thousands of other folks, will. But not just pizza. Shoes, household supplies, parts, office equipment, any and everything can be delivered to you with the push of a button on that device.
Why would you think your money was any different? Just like the internet and the smartphone, as the world becomes more and more connected, the billions of people around the planet who don’t even have a bank account can now store the fruits of their labor in a currency that no person, company, or government can take from them. And it will touch every single aspect of my life and yours. Maybe not in the next year or two but mark my words, your kids and grandkids will all know Bitcoin. The only question is will you be an early adopter, or will you get left behind?
This week’s share is a clip from an interview with Lyn Alden that ran on the What Bitcoin Did podcast. This segment was broadcast on the Savvy Finance YouTube channel this past week. And she addresses this exact topic. Enjoy!!
And as always please feel free to share this with anyone you think might find value in its content.
TG