Bitcoin Beer Payment 2012

Dan Held shares how he first got introduced to Bitcoin through a unique physical payment in 2012.

"I got into Bitcoin in 2012 when my buddy paid me back for a beer with something called a cashacious coin. A cashacious coin are those gold coins that you see in all those news articles where they talk about Bitcoin - they were physical bitcoins essentially. In that 2012 era, Bitcoin was so new and weird and different that it was like a good bridge from the physical fiat paper money world to the digital Bitcoin world.

From there, with my background in finance, I really dug the 21,000,000 hard cap as a solution to bad central banking policies. I was in undergrad during the 2008 financial crisis studying finance, and I realized my professors don't know anything, neither do the people on TV, and neither do these books that I'm reading. That's what shook my foundational trust and belief in the existing financial system. When Bitcoin came around and I saw that, I realized this is a good new way to rebuild the financial system without having to trust these institutions."