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2024-12-03 22:37:00We have crossed another 1,000 blocks! Time is flying by. Seems like just yesterday we were in the 872s. Today we are talking about some of the opportunities ahead in this crazy world of bitcoin. Let's start with a little exercise. Woo hoo - just like in grade school. Take a pen and paper. Evernote doesn't count. Think about the industry you work in. How could bitcoin improve certain aspects of the industry? Start writing down some ideas on how bitcoin could shake things up. If you were having a conversation with someone in the industry about bitcoin, what would you tell them? Think about your suppliers. Your customers. Your marketing strategy. Your investments. Your capital expenditures. Your admin team. Your payroll. And don't limit your thinking to be payment related. Bitcoin changes the payment rails but it also changes the mentality, the efficiency, and the time horizons. Think about the treasury for businesses within the industry. The wasted resources. The decision-making process. The budgets. My dad and I were talking about a local business and using their services. We were going to talk to them about bitcoin and how it could improve the way they do business and get new customers. But then I thought, why bother? Both of us are very well-versed in this specific industry AND also have the bitcoin knowledge to implement this without friction. I spend a lot of time on my daily show talking about how we can help other businesses with bitcoin. But why wouldn't we just do it ourselves instead? There will be a time and place for both - but when you can do things just as good but have the bitcoin knowledge, it's a no-brainer. We need to shift the focus from trying to help everyone else. We need to realize the opportunity here and make some fucking hay. I know that goes against the bitcoin way of thinking but it's true. We have to get a little selfish here if we want some influence in the future. Something to think about anyways. And if you’re anything like the fella in the photo, you might even need two pens! --- PROJECT POTENTIAL - You can now find the expanded audio versions of these on the new podcast - Project Potential! I will be sharing the video versions here for the LITF members but you can also find it for free on Spotify and of course Fountain! Here is the link to Episode 004 on Fountain: https://fountain.fm/episode/r00ZDxpAdfb7QIQT3TKa --- Have a great day everyone! And remember, the only thing more scarce than bitcoin is time! Jor