bitcoin is already many things to many people all over the world.
bitcoin is digital currency that was designed for the internet. NATIVE TO THE INTERNET
there is a fixed supply of bitcoin, there will only be 21 million and this is hardwired into the open source protocol that is run by the network
It is decentralised, which means no one controls it
its borderless, so you can send it overseas or to anyone you like
its peer to peer, and its censorship resistant .. which means no one can stop you sending it
But it’s all recorded on a blockchain which means Its transparent, which means it can be tracked or traced by everyone.
BECAUSE ITS VALIDATED BY THE NETWORK there’s no need for a third party TO VALIDATE TRANSACTIONS like we have in the legacy system
This means its psuedonymous - meaning bitcoin users can protect their identity… BUT IT CAN still be traced
If need be by law enforcement.
Bitcoin is energy efficient - over 70% of power used to mine bitcoin is renewable energy from under-utilised hydro electric sources
You might think bitcoin is small …It is currently the 6th largest currency in the world recently beating the Russian Ruble in its size and circulation
there is only one Bitcoin that is actually being adopted in the world today. BITCOIN CAN BE COPIED … BUT IT CAN’T BE REPLACE .. BECAUSE YU CANT REPLACE THE NETWORK
The other crypto currencies do pose a threat to bitcoin because they are not capable of being money the same way bitcoin is. THIS IS BECAUSE F ALL THE PRINCIPLES THAT BITCOIN IS - The market has decided bitcoin is the future of money for all the principles that bitcoin has.
Bitcoin is sound money that can not be changed without the consensus of the network (this is actual democracy )
Its a belief system thatS been adopted BECAUSE ITS neutral money
AND ITS separated from government and state control
all the political problems we’re seeing all the racial stuff all the economic issues.. even the environmental impact.. it all boils down to inequality and inequalities boil down to money
You fix the money and you fix the world
Bitcoin fixes this
? BITCOIN IS FRIKKEN ROCK N ROLL OF THE 21ST CENTURY MAN ?
?PUNK ROCK IN THE FACE OF THE MONEY PRINTING MACHINE ?
ITS EVERYTHING THAT ART IS TRYING TO BE WHEN IT EXPRESSES FREEEEEEEEEEDOM MAN !!!!!
bitcoin is the ultimate social justice warrior
Bitcoin is the future of money not just because its the most superior form of money we have ever had
but because it is truly the money of freedom, truly the money of liberty and truly money of the people
SOUND MONEY -
"A system of Capitalism presumes Sound Money, not fiat money manipulated by a central bank. Capitalism cherishes voluntary contracts and interest rates that are determined by savings, not credit creation by a central bank" Ron Paul
I have been influenced by many great minds in trying to create this video. I believe I haven't even scratched the surface in trying to understand the concepts and themes that I have presented here.
Here are some links to the GREAT people who have been inspirational for me :
Saifedean Ammous : The Bitcoin Standard
https://thesaifhouse.wordpress.com
Trace Mayer : The Bitcoin Knowledge Podcast
https://www.bitcoin.kn
Andreas M. Antonopoulos
https://antonopoulos.com
https://www.youtube.com/channel/UC-7v...
Infinite money finite world :
https://www.youtube.com/watch?v=dkWM_...
How does bitcoin help me ?
I can’t afford bitcoin ?
Bitcoin is only for the rich …
the money we use today ....no matter where you live, is slowly losing its value.. every currency in the world is being inflated away
central banks are only going to print more money, the government is only going to hand out more stimulus On top of that everyone is looking for somewhere safe to put their money
- banks are all about to go negative interest rates and also can go bust at anytime
- the stock market is a hard asset value, but it has its risks and is not really considered a safe store of value
- real estate is only getting more inflated so way too expensive
- we’re now seeing an all time high in negative yielding bonds a previous safe haven place to put your money
so where else is there to put your money?
- This is where bitcoin is beginning to gain attention
- You don't have to buy 1 whole bitcoin to benefit from owning bitcoin
- WHEN THE RICH BUY BITCOIN THAT HELPS POOR PEOPLE WHO OWN BITCOIN
WHEN RICH BUY BITCOIN -
- IT INCREASES THE PRICE OF BITCOIN
- BECAUSE EVERYONE HAS ACCESS TO BITCOIN THOSE WHO BUY BITCOIN WILL BENEFIT FROM THE INCREASE IN PRICE
- CREATES MORE SECURITY FOR THE BITCOIN NETWORK AND THIS DRIVES MORE ADOPTION WHICH IN TURN INCREASES THE PRICE
- BITCOIN WILL ALWAYS BE AVAILABLE TO EVERYONE, UNLIKE THE LIMITED ACCESS WE HAVE IN THE CURRENT FINANCIAL SYSTEM
- THIS WILL IN TIME CREATE LEVEL PLAYING FIELD FOR THE WEALTH AND PROSPERITY OF EVERYONE
When you fix the money you fix the world
Bitcoin fixes this