BBBC – Do You Believe?

I’m fixing’ to get a new hunting dog.

Jill, my 9-year-old Brittany is showing signs of slowing down. Me, too but that’s beside the point. There is still a lot of big, wild country that I haven’t hunted yet and I need a dog that can cover some BIG country.

See, Jill is my first and best hunting dog – ever. I got really lucky because she has such a strong hunt drive. I want my next pup to be as good or better than Jill. And, picking a great hunting dog puppy is really hard – well beyond my capabilities.

Here’s what I’m going to do and why.

I’m in line the get a Deutsch Draahthaar (DD) – that’s German for Wirehair Pointer. But, DD’s are a special subset of all German Wirehairs. Their secret lies in the DD breed association and the rules they’ve set and agreed to regarding which dogs can be registered as a DD. Not every dog get’s to be a DD – even though they may have DD parents.

The reason I selected a DD is that I believe that their process for breeding, testing & measuring the hunt characteristics in each dog and their parents is far beyond any other breed association. Many dogs are bred for specific characteristics but DDs are bred specifically for the hunt – and nothing else.

Given the chance of picking a good hunting dog pup is well less than 50/50, I’m going with what I believe to be the best chance of getting what I want – a dog that hunts hard! Wish me luck!

Yeah, and this isn’t actually about hunting dogs, it’s about Belief. If you want more hunting dog stories, take a look here for more tales of my adventures with Jill.

No, this is about my Belief that DDs are my best option to get what I want and how I got to that point.

But Why Beliefs, Jeff?

Because money, currency, and technology all have a basis in Belief as well. In fact, one of the many comments you’ll hear about Blockchains, Bitcoins & Cryptocurrencies (BBC) is “I don’t believe in that stuff” or “SCAM/Ponzi!”.

And, you currently have some beliefs about money, currencies, and technology that you may or may not realize!

Beliefs influence our behavior in powerful and sometimes, curious ways.

In fact, you probably have a belief right now about BBC.

Take a minute to just check in with your brain and see what it’s telling you about what you’ve read thus far. I’ll wait…..

See, you do have some beliefs about BBC! Even if you aren’t perfectly clear on what they are – there’s something there, isn’t there?

And….that’s rub and friction. We all hold many beliefs and probably don’t realize it or even know what they are!

So, I Have a Belief. Who Cares and What Does It Matter?

Well, you do have a belief that I know of.  You believe that the US Dollar is worth something because it is backed by the full faith and credit of the US Government. If you didn’t have that belief, you wouldn’t work for or spend US Dollars. And, thus far, the US Government has done a very good job of maintaining your belief in them.

People in Venezuela used to believe in their currency. It was and is backed by the Venezuelan government. I don’t think many people in Venezuela believe in their currency anymore. I don’t think the Venezuelan government believes in their currency either because they’re trying to launch their own cryptocurrency – the “Petro”.

Meanwhile, back the States, the US government just passed a new income tax law and a fiscal budget that dramatically increases our debt and their credit. At some point, there’s going to be a problem repaying or servicing that debt behind a massive reduction in taxes. It won’t happen overnight. It will happen gradually. We’re already losing “faith” in the government’s ability to honor their promises in how they govern us. It might not be long before we stop giving them so much “credit” either!

OK, this isn’t about politics either. It’s about Belief so I’ll just stop there. I think you get my point.

You also probably believe something about Blockchains, Bitcoins & Cryptocurrencies (BBC).

What you may not realize and that I have learned while searching for my next hunting dog is that we use “facts”, “information” and “experience” to inform and build our Beliefs.

I believe that a DD is my best chance at getting what I want based on the facts I have researched, the information shared with me from other DD owners and my experience hunting with DDs.

You probably have a very strong set of facts, information, and experience regarding the value of the US Dollar. Heck, just being able to exchange them for beer and pretzels alone is enough for most people to believe it’s valuable! You use it and it works – that’s enough for most to believe, isn’t it?

Back to those beliefs you may have about BBC.

What set of facts, information and experience do you have that are informing and supporting your belief about BBC? If you’re like most, you have almost no facts, no experience and some crappy information you’ve heard from newscasts and advertisements.

You might consider, then, that your belief in BBC is based on a weak set of evidence.

That’s fine if it’s getting you what you want. But, it may actually be working against you.

Yeah, Who Cares?

Well, I care and you should too!

Here’s why –

In most cases, a poorly formed belief will almost always lead to a poor outcome. It’s not the belief so much as it is a very large set of facts, information and experience that are ignored which leads to situations with bad outcomes.

So, if beliefs shape your behavior, outcomes, and success, doesn’t it make sense to examine your beliefs about BBC and see how well they’re working for you?

Well, I Don’t Really Care That Much

Look, I really don’t care what you believe as long as it’s working for you. Heck, even if it’s not working for you but you’re happy, go for it!

But, bad outcomes for you doesn’t make me happy and I want you to have good outcomes and situations.

So, if I can help you form a better belief about BBC, then that will make me happy. Hopefully, it will make you happy too!

What DO You Believe and More Importantly, Why?

You have some sort of belief about money. You may not think about them as beliefs but they are – and they’re chatty little things that are talking to you all the time – usually *really* quietly.

For example, when you look at your paycheck, what thoughts cross your mind?
* This isn’t enough
* This is more than I deserve
* This won’t go very far
* This is more than I need
* I earned this

Those thoughts come from your beliefs about money and value!

Here are some more questions about money to consider:

  • What do you believe about money?
  • What do you believe about the USD Vs Euro Vs Canadian Dollar?
  • What happened or have you learned that informs those beliefs?
  • Is your belief helping you get better or is it dragging you down?
  • What Do You Believe About Blockchains, Bitcoins & Cryptocurrencies?

Yeah, thanks for sticking with me this far.

So, given what you’ve learned that you believe about money & currencies, what do you believe about Blockchains, Bitcoins & Cryptocurrencies?

What do you believe about technology and how it will impact the future?

What do you believe about data transparency, privacy, and the internet?

Why Are You Asking All These HARD Questions, Jeff?

OK, I’m sorry for all that. I’ve put a TLDR at the bottom so you can skip the details if you’re in a hurry.

I’ve learned that there is far more going on underneath the surface of Blockchains, Bitcoins & Cryptocurrencies than most folks know. A lot!

And, most of what is happening is the result of a younger generation having some beliefs that are different than the ones you and I have as Boomers.

Make no mistake. The younger generations and their beliefs are going to control the world that you and I retire and age into. I don’t want to wind up 15 years in the future and not have a clue what’s going on or how I wound up there. I don’t need to understand everything but some very big things are going to change dramatically and I don’t want to be caught by surprise.

If I can learn more about what they believe and use then use that to inform my own beliefs, then I can build opinions and strategies that help me improve my situation and achieve my goals.

If I don’t learn more and just stick with a poorly informed belief, I give myself no better than a 50/50 chance of success – at best – and probably worse.

Yeah, I’m not going into retirement as a poorly informed rube. I hope you aren’t either.

I’m going to learn my buns off!

I hope you’ll learn with me and form your own opinions, strategies, and beliefs so that you can get everything you want and live a life you love.

Welcome to my adventure!

PS – you may not be a Boomer but that’s OK. Your time is coming sooner than you think so you just have more runway than I do and you’re definitely in the right place!

TLDR; (Too Long Didn’t Read)

  • I need a new dog and believe that a DD is my best chance.
  • I formed that belief based on research and experience.
  • You have a belief about money and the USD.
  • You have a belief about Blockchains, Bitcoins, and Cryptocurrencies (BBC)
  • Your beliefs have a large impact on your outcomes and success.
  • Poorly informed beliefs can lead to bad outcomes.
  • Well informed beliefs almost always lead to positive outcomes.
  • We are going to learn about BBC so we can form better opinions, strategies, and beliefs.
  • Welcome to the adventure!

Critical Thinking Questions

  • What do you believe about money and USD?
  • Where did you get that belief?
  • What is your belief about BBC?
  • What does the younger generation believe about BBC?
  • How well is your belief about BBC working for you?

Upcoming Edition

My next post will cover my “semi-secret” 501K plan so you can start getting your feet wet sooner rather than later. It will help you learn quicker – you might even make a little money. After that, I’ll dive into Blockchains – the root and branch of Bitcoins and oh, so much more!

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