Part VIII How do You get out?

1) How do I buy bitcoin?

1. In order to truly be self sovereign, you must self store your own bitcoin, you will need to buy it in a place that will let you withdraw it. Banks, brokerages, etc. may have ways for you to buy bitcoin, but just like the stock certificates they supposedly hold in your name, so it goes with bitcoin, you cannot withdraw it, therefore, you cannot spend it, only turn it back into worthless pieces of paper. 
2. Furthermore, the government has enacted laws that allow banks who get into trouble to do what is called a “bank bail in”, the failing bank uses depositors money to stay afloat, wiping out the savings of said depositors. If they can take your dollars in a “Bail in”, they can take your bitcoin. You need to buy your bitcoin on an exchange, where you can download it and store it yourself. Whatever exchange you choose should have sound money policies, i.e. they do not loan your money or your bitcoin or borrow against it. And they should cold store it, so it cannot be hacked.
3. Buying on an exchange that allows you to download your bitcoin onto your own “wallet” requires a few things:
   1. You must create an account on one of these exchanges. I use River (Link active). My account manager is Lindsay Faust. Her contact info is below is references. Please let her know I referred you.
   2. You must transfer cash into the account,
   3. You buy your bitcoin. River does not borrow against or lend against it’s clients’ cash or bitcoin, so it is a sound place to park dollars if you believe the dollar will survive, but do not trust the banks. River is the platform El Salvador has used, so they have a sound track record.
   4. You must buy a digital wallet. I use Trevor for now. There are a number of other wallets you can use on your phone and new technology is coming out making them cooler and cooler with more encryption technology. For now, you will not spend your bitcoin, only HODL, so I will be doing wallet research and will have an answer for you on how to spend it when the time comes. For now, get your bitcoin and self store it. On this note, your bitcoin wallet will have an encrypted seed phrase, this is something that allows you access to your bitcoin, even if you lose your wallet or it gets destroyed, or whatever. Your seed phrase is the key to unlock that bitcoin, so you must keep it safe and separate from your wallet!!
   5. You must also go through a few hoops with River, in order to prove you are who you say you are in order to download your bitcoin.
   6. Once you have done this, you can download your bitcoin onto your wallet, and with a seed phrase, you can go anywhere in the world and access your bitcoin, even if you forgot, or lost your wallet. Never share or forget your seed phrase!

8) Eventually, when bitcoin becomes the world reserve currency, I will need bitcoin in my companies. What if I want to buy bitcoin in my company/companies?

Up until recently, corporate entities were not allowed to buy bitcoin. Now, however, you can custody bitcoin in the name of a company; lots of nonprofits are doing this. When you hold bitcoin in the name of a corporation, there still needs to be a person on the account. You should still cold store it and also have multisig authentication (spread your seed phrase among multiple unrelated/unconnected people). If, however, it is your own, LLC, then the multisig is not as important. It can be important if you own large amounts or have many wallets. Do not store your seed phrase on an electronic device or anything that can be hacked.

9) How do I protect my bitcoin? I.e. Save it for future generations? Ensure no one can steal my seed phrase? Etc.

Your seed phrase is unique to your wallet, you can protect the seed phrase, by using multi sig authorization (breaking up the seed phrase and giving parts to as many as 12 people, the people should not know eachother, so they cannot team up and steal your bitcoin). For preserving bitcoin for posterity, you should have a backup of your seed phrase somewhere that is only deliverable to your heirs upon your death along with the wallet or wallets addresses to retrieve it. In the case of multiple heirs, it is best to each give them their own wallet and seed phrase, like a trust, but more secure. 

With the Bitcoin network, you could actually encode a trust or trusts on it and it would disperse your coins upon your choosing (death, after an heir reaches a certain age, as a match to income, etc.) I will be doing more research into this, for coming articles.

10) How do I eventually use and pay for things with bitcoin?

Like Venmo or other digital wallets, on your phone, you can preload a small amount of bitcoin onto bitcoin wallets on your phone for walking around money. For larger transactions, you can use the Bitcoin network to encode bitcoin into contracts, so that the terms of the contract must be fulfilled before the bitcoin is released. This removes the need for escrow accounts, among other services currently provided by the banksters in their fiat system,

I appreciate you taking the time to read this. I hope you found it helpful, and I hope that it helps you to buy bitcoin, and become self sovereign, all while killing the corrupt and evil fiat system of the banksters and the government gangsters whom they control. If you are still undecided or need more information, I appreciate your feedback and concerns. I want to learn the best way to help people escape the bonds of slavery and you can help, by giving me your own opinions, objections or concerns.

References:

Lindsay Faust River Financial - Lindsay.faust@river.com, ph. 614-381-4876

The Bitcoin Standard

Hidden Secrets of Money all episodes

Rugpull Radio 

Oplanbtc

A lot of this, I had to learn by doing. The references in the earlier parts of this paper, are still valid here, but not the ways to do it. I relied on the help of others who have gone before me, as you can rely on me to help you!