God Bless Bitcoin | Full Movie | Documentary

[Music] [Applause] [Music] [Music] [Applause] [Music] [Music] Remember The Brady Bunch back before our money was broken you could have one parent working while supporting a family with six kids and a live-in maid oh yeah and a dog tiger what happened I have directed secretary Connelly to suspend temporarily the convertibility of the dollar into gold or other Reserve assets so President Nixon in 71 August 15th 1971 took the dollar off the gold standard so we could print more money so we could steal your wealth and the reason that he decoupled gold from currency was to pay

for the Vietnam War [Music] the dollar will dramatically lose its purchasing power the more they print the more it gets diluted and you know with Bitcoin you just can't do that and so people who understand you know the concept of money supply being the driver of inflation uh then they'll understand why Bitcoin is superior so a single politician with the ability to print money can turn employees against employers can turn the customers against the vendors they they can turn every industry against every other industry they have people rioting in the streets and typically the people

don't realize that it's the government that's created the the distress and they blame the shopkeeper or the policeman or uh the person in the streets for causing their problems and so you have um unnecessary violence you have human tragedy businesses collapse families collapse people lose their lives and it's all because the economy is in essence collapsing uh because the energy is being drained out of the currency there has been so much damage caused by Broken money over the last 50 years and more and more people are feeling left behind if you work for a living

you're paid a salary you're kind of a slave that's a harsh word it makes us uncomfortable but it's true in the sense that you're given a certain amount of money for your time and effort therefore you don't have time for creativity and Innovation because you're just doing your job just punching your ticket well part of that is because your money that you're paid gets less valuable every day we've been sold a bill of goods that inflation is good for us that's nonsense why should the devaluation of my hard-earned money be good for me that doesn't

make any sense at all who it's good for is the people at the tippy top um how in the world are they going to get ahead if they're operating on this system that doesn't preserve their energy and their work and their time so it seems like we're all getting rug pulled I have a sneaky feeling it's inflation that's taking advantage of us but what exactly is [Music] inflation there are two kinds of inflation there's inflation due to unfortunate acts of God Force meure so if the monetary system is being run perfectly and if there's a

tornado or a hurricane and there's a temporary shortage of goods and services then prices will go up and so that is physical inflation but there's another form of inflation which is monetary inflation and this is much more common and this is generally the source of 98% of inflation in the world the vast majority of it and that's when of the goods and services and Assets in a society are priced in a currency that is in of itself inflationary so if I price things in a in the dollar and I double the supply of dollars the

supply of houses doesn't increase but the supply of dollars does increase therefore the prices will probably double over time typically especially if you're going through a hyperinflation wages do not keep up they do not keep up and so inflation eats into purchasing power you can't buy enough uh to feed your family the average income in this country is now $5,000 less than the average cost of living of the cost of basic human needs food shelter and transportation is now $5,000 more than the average person makes which means if you're in that category which is most

Americans you now cannot make ends me here in the United States they target 2% inflation they're literally saying we want to steal about 2% of your purchasing power every year and then we have years like this where the inflation rate is s or 8 or 9% higher than normal that means they're just stealing our purchasing power even that much faster so there's no honest unit of account for them it's just a credit based system they're just making different numbers on their spreadsheets and they say you know what we're going to create this much more credit

this year we're going to destroy this much more purchasing power and it's the citizens of the country that pay for that we're paying for our government to make irresponsible decisions so yes I think that's very immoral at this point is getting very difficult for people to catch up we're seeing more people working multiple jobs just to make ends meet we see more dual income households there's less households where you just have one person that works and one person that stays home and runs the household in the family now everybody's working so let me get this

straight we take our god-given talents and work really hard and our money buys us less and less every year I don't like the sound of that so how does government create money we print it digitally so we you know we as a central bank we have the ability to create money uh digitally we also print actual currency and we distribute that through the Federal Reserve Banks The Current financial system was built for the elite it was built to ensure that those that control institutions and have a vast amount of money can make even more profit

at the expense of um Regular citizens that are uh from the working class The Current financial system was designed to promote um the the wealth of a minority which is why that Minority tries everything possible to discourage people from using Bitcoin because they know they will end up losing that privilege they have been carrying for centuries so we can't trust money to tell us accurately how much value we create so it's not hard to see how we go from this to a world where a lot of people just don't even know how much they are

worth to the world and that makes it easier for the bullies of the world to step in and say you know what we'll tell you how much you're worth a person who gives themselves to honest labor and gives an honest days work deserves a wage that will allow them to sustain their lifestyle at a basic standard and and if that's not happening then we have a problem in terms of the way our economic structure works and there are a lot of people who work multiple jobs in order to meet that standard and that is probably

an indication that we have a problem it's not good stewardship to put myself in a position where I acquire so much debt that I can't sustain my living and we have people who are doing that all the time and we have people who in some ways promote the idea that you can live this way the incentives exist for the FED to provide extremely cheap credit to Banks and for them to Market up a little bit cuz profitable for them and then to offer that credit pretty cheaply and essentially create you know debt slaves or indentured

servants out of every American and anyone else around the world that they can lend to that is plugged into the Western banking system that's just the incentives of the system that we have today so was our monetary system designed to siphon away wealth from the working [Music] class uh if we go back to Medieval times and perhaps a bit earlier uh we can see how money emerged what happened is that every local uh Sovereign Nation state or city state tended to issue its own currency and um and two things imp impacted the the reliability the

durability and the effectiveness of that currency uh one was whether the um the issuer of the currency whether it was a nobleman or a king or whether it was a constituted government whether they could to use the phrase from Isaiah uh to resist the temptation to dilute the currency and it is a huge Temptation there's no question about it I like to use a silver dollar as an example so when this dollar was created right it was worth a dollar as a matter of fact for a while you could take a US silver dollar note

and exchange it for a dollar right so this used to be a dollar today I just checked and it takes $38 paper dollars Federal Reserve Note dollars to buy $1 of Suber that gives you an idea of the destruction of the purchasing power and it's why we're seeing today in the post lockdown world all the central banks around the world printed tons and tons of money that just doesn't make any sense and so people say well why are housing prices going crazy and why are food prices going crazy well oh it's inflation it's actually not

really inflation inflation is when there's excess demand for limited Supply so the price Rises this is currency Deval valtion so weights and measures were the way in which you'd say if I got a pound of something uh I'll give you a pound of this or the equivalent and there's a real warning in the scriptures Deuteronomy Leviticus especially in the Mosaic law uh and then later in the book of Isaiah The Book of Proverbs they talk about things like and they use a lot of metaphors like diluting the wine with water I mean how is that

for an image of inflationary policy where you inflate the amount of money in the economy because you have control of the printing presses unfortunately as governments Abandon All morality with respect to preserving the value of the currency for which they exercise control and responsibility um it it's it's increasingly impossible to count on that kind of stability and uh in that light we think in terms of whether Bitcoin is a an investment vehicle or whether it is an exchange vehicle or maybe we have to look at it as [Music] both there's no actual mechanical difference at

all between you and I putting together a dollar printing machine and spinning up some counterfeit $100 bills and trying to go out take those into the world and trade them for goods and services there's no difference in you and I doing that and what the Federal Reserve does by the trillion it is one of the core contributors to the rich getting richer and the poor getting poorer the particularly um egregious thing about fiat currency is that it can cover up theft in the name of policymaking uh whereas electronic currencies based on algorithms can't do that

if you think of the average citizen it is very hard to plan your life if I don't know what the central bank is going to do next month let alone a year from now 5 years or 10 years from now I use the example of baby boomers right baby boomers When We Were Young we thought $500,000 would be a perfectly good amount of money to retire on and now suddenly it looks like $500,000 is is nowhere near what you really should have to retire on well the reason for that is the systemic systematic destruction of

the purchasing power of those dollars so that makes all Baby Boomers and all citizens more dependent on government and that's very good for government so not only are people unable to retire they can't even get their life started God's will is for us to be fruitful and to multiply and one decision or one factor that impact many people's decision to have children is their finances and the state of our economy has really devastated particularly young people's savings and I have a ton of friends who have decided not to have children or not to have more

children because they feel like they can't afford it so I do think inflation can impact some people's decision ision on if they want to have children or not and I think that's a really sad thing I have experienced this in my life I have put off having a family I've wondered if I'll ever be able to afford a home more and more people in my generation are living at home with their parents and drowning in student loan debt Millennials like me are losing hope that the future is one they'll be able to afford for the

first time we have a generation that is worse off than the ones who came before none of it feels Fair because it isn't the system is rigged against us we live in a system where we are forced to use a certain currency in our case let's say the US dollar we didn't choose to use the US dollar we didn't have a vote about whether we're going to use the US dollar we're forced to use the US dollar and that US dollar is controlled by political organizations that make political decisions to benefit themselves at the cost

of others Decades of policies that were probably well-intentioned have led to the worst levels of income inequality and wealth concentration we've seen since the 1920s and at this point we have politicians who just throw blame and they come in and say I'll fix it but unfortunately they can't fix it because in order to keep the system going they have to keep printing money and the more they keep printing money the more the wealth concentration grows and the more unfair and unequal the system becomes okay so clearly there's a problem and it feels like there's no

way out but is there if broken money is the cause how can we fix it more and more people say the solution is Bitcoin my perspective uh is that Bitcoin does fix everything and Bitcoin is about Community it feels healthy it feels like it's doing something good for society it's something that's nonpolitical it is not tied to anyone group or another it's not tied to the Republicans it's not tied to the Democrats it's not tied to the Libertarians it's open for everyone and it's free for everyone anyone can be a part of the Bitcoin economy

it's like a good church a good church says anyone come on in come be a part of our community be a part of our family Bitcoin is that so we can only trust systems that cannot be discriminatory and Bitcoin is powerful in a way that is is money that does not discriminate based on race based on gender ethnicity or even geographic location a person holding Bitcoin in too today uh will have the same value as a person holding the same quantity of Bitcoin in the United States I'm not techy I'm I'm I'm really horrible with

technology but once I understood what blockchain was blockchain's Integrity Bitcoin is based upon integrity that's why I call it people's money the government cannot make it Bitcoin is not this centralized control of the economy Bitcoin is built by the people for the people if you consider how many steps it takes for a merchant to sell a good to a consumer in the traditional world today it takes nine steps and what the Bitcoin network does is take seven of those steps away it's peer-to-peer here those steps by the way are dominated by toll takers they're taking

fees and so up to 3% sometimes more of the transaction which actually can be saved by both the merchant and the consumer one of my favorite aspects of Bitcoin is the limited supply of 21 million I think that having something that can't be changed makes it so powerful and it makes people appreciate just like their time is limited their own personal uh wealth is limited when they see that the Bitcoin amount is limited to 21 million it really makes them understand the difference between Bitcoin and every other currency all Fiat currencies which don't have this

limit so that key is what makes Bitcoin special Bitcoin is a digital Bearer instrument you can think of a bear instrument as he who holds it owns it so if I mock and I find a $10 bill on the ground and I pick it up who owns it I do cuz I'm now holding it if I give it to you now who owns it you own it because you're holding it that's a bare instrument she who holds it owns it how do we make this happen in a digital world U well it wasn't possible before

Bitcoin because Bitcoin solves What's called the double spend problem think about when you take a picture on your phone and you send a picture to your friend you still have that picture on your phone and then on your friend's phone they have a copy of that picture if I want to send money to my friend peer-to peer in a digital way it's really important that when I send it it leaves my device and it's only on their device otherwise you have what's called a double spend and that's where you can double spend the same uh

piece of currency over and over again that doesn't work for money so Bitcoin solved that de decades old computer science dilemma called the double spend problem and that allows for the peer-to-peer transfer of money in a digital form for the first time ever what Bitcoin does is it gives you back that ability to be your own bank to custody your own funds to spend money but the way we do with dollar bills now but in a digital virtual way that's really powerful so to recap there are only 21 million Bitcoin and the network gives you

total control over your money and now some of the most successful entrepreneurs are into Bitcoin if you look at what gold is let's start there nobody carries around a gold bar but some people just feel more comfortable holding gold and they do cash um but the reality is nobody actually owns gold right they don't physically own it some people have coins but that's you know an an exception and so gold itself is actually just a digital transaction that's stored on a ledger somewhere it just happens to be on a Fiat Ledger where um it's a

traditional database held wherever you're buying the gold at a bank Investment Bank whatever it may be there are a lot of vertically integrated organizations that control your access and the distribution and your ability to use um traditional gold ownership Bitcoin is very similar in a lot of respects only the ownership of that is stored in a wallet which you know if you have your own wallet is stored on the Bitcoin blockchain for example dollars aren AR a great store value because we have to trust that the government won't print more uh with gold No One

controls the production of gold so we know that it's issuance is not controlled by any one party and it requires work gold is a proof of work sort of asset where you have to dig it out of the ground and Bitcoin has some of these same characteristics Bitcoin as a store of value it's great because you can carry it in your own wallet you can cold carry it um which is a huge um Advantage you can be anywhere in the world and there's an ability to transfer it or use it that's a huge Advantage you

can transfer it to others or buy it from others in seconds um that's a huge advantage and you can transfer it as a method of payment in a lot of respects and that's a huge Advantage those advantages are legit and offer people a good reason to to use it and you know if you're a Speculator or you're using it purely as a store value it's easy to trade store buy and sell the reason Bitcoin is better than gold is that it's more transferable than gold you if you try to move a billion dollars worth of

gold you need like an army to move that and it's very expensive if you need to move a billion doll worth of bitcoin you could hit a couple Keys hit send in 10 minutes it's transferred at the speed of light to anywhere in the world so it's more portable than gold um it's more divisible than gold so you could divide Bitcoin by up to eight decimal points so the smallest unit is called a Satoshi so it's more divisible um if you try to divide a bar of gold or a gold coin to go pay for

Starbucks you can't do it so more divisible more portable and it's more verifiable than gold it's hard to verify gold Bitcoin is easy to verify you just type the key into a blockchain Explorer you could verify that you're Bitcoin so to get this straight Bitcoin is a digital asset that moves through the internet without a third party like a bank or credit card company approving the transaction all right let's go a little deeper you've probably heard of the word blockchain so what is a blockchain blockchain just refers to a ledger so the Bitcoin blockchain is

a digital Ledger of transactions where all the computers on the network have to agree to add a block to that ledger so it's a chain essentially of blocks that each contain a list of transactions on the Bitcoin Network and the whole Community essentially the whole network verifies that those transactions are accurate the idea of a digital Ledger will make more sense if we get a clearer picture of how ledgers work The Ledger is nothing new it could be traced back to the 11th century and was popularized in Florence Italy during the Renaissance in the 14th

and 15th centuries it's simply the way we've been keeping track of who owns what for about about a th000 years now for example when you deposit money in your bank account you have a credit on the right side of the Ledger the bank has a debit on the left side of The Ledger because they owe you that deposit when you want to withdraw it easy enough it gets a bit more complicated when you want to buy something with the money in your bank account now the bank and the store have to reconcile your bank account

with the store's bank account to move the money because they each have their own ledgers and your Ledger has to reconcile with their Ledger which can take a few days or up to 30 days as with credit cards now multiply this times billions of people moving their money to buy things every day and remember the banks on both sides take a fee all these transaction fees add up to trillions of dollars each year that comes out of your pocket and the store's Pockets the beauty of Bitcoin is that it's one universal Ledger that's updated and

distributed around the world every 10 minutes best of all it requires no middleman like a bank which gives you complete control of your [Music] money so now that digital ledgers make sense you might be wondering how you keep your Bitcoin safe on the blockchain the way that I would describe um storing your Bitcoin um on a blockchain is like a locker system so at your high school you had a locker and your locker had both a public address so my locker was c19 and I can give that address to everybody hey go put this envelope

in my locker g19 that's my public address but only I have the key the private key to open that locker and move stuff from one to another so securing my Bitcoin or cryptocurrency would be the same thing where you have this blockchain which is like this digital locker system and there's a public address and everybody can know that address and anybody could deposit into that address but only I have my key to unlock that and where you're storing your keys there's typically some secret phrase that you need to keep in a safe place which is

what's used to create your secret key the way most people store this is in what's called a neonic phrase and you've probably seen this where it's either a 12 or a 24w phrase typically and each of those words comes comes from a specific word list and when you stack those words together 24 words is the number most people use which corresponds about to the number of atoms in the known universe and so we're uh storing a tremendous amount of Randomness there that makes it computationally impossible to break into and that's the piece you need to

keep safe okay that was a lot to throw at you so let's try to keep simplifying it Bitcoin might seem complicated uh at the same time I'd argue it's way less complicated actually if you look underneath the hood to to figure out how Banks settle transactions and and but most of the people don't care right in traditional Finance you hit the button it goes somewhere and it just ends up in my wallet and nobody asks how it got ultimately from point A to point B Bitcoin is new and I get that people have more questions

ultimately about it but over time I feel like the the trust in kind of the Bitcoin blockchain as well as the longevity of the technology and how you know the software has been up and running for so many years people will stop asking the question it'll become very normal to sum this up let's just hear a simple definition of Bitcoin so what is bitcoin Bitcoin is a piece of software that allows two parties to exchange value over the internet in a transparent and trustless fashion as easy as sending an email so we're free to send

Bitcoin through the internet as money without permission from any government or bank but you might be wondering what the difference is between Bitcoin and the cbdcs you've been hearing about what a cbdc is is Central Bank digital currency now what it is is they're trying to take and when I say they I mean central banks in the government are trying to take the concept C of fiat currency and digitize it into a digital dollar now the challenge with this is that allowing the state to create these Central Bank digital currencies it is creating a mechanism

by which the government can surveil every single transaction that an individual makes and not only can they surveil these transactions it allows them to turn off your bank account if you start doing something something that they disagree with this is an extremely slippery slope that if we allow the government to go down this path it has the potential to enslave Humanity in the long term and I think it's something that we need to carefully review because if we go down a cbdc path allowing the government this level of control it's unprecedented which is why we

should avoid this at all cost and stick to a hard money standard like Bitcoin the Central Bank literally would be in position to cancel any transaction it would be permissioned not permission less and it's one thing you know for MasterCard for example to know how much they paid to Walmart last year but it's another thing for them to tell the world how much you paid at Walmart last year and it's a whole different level of creepy for them to say exactly what did you buy at Walmart last year and I think people kind of broadly

get that sense of privacy that's what's at stake here I think the future of money really is one of the most important policy debates we're having today and when you think about where where people could go with um kind of an orwellian surveillance State money system like a central bank digital currency it really is a good versus evil and in Bitcoin in this case is on The Good the countries that are clinging to a cbdc are trying to control their people and those are weak governments weak leaders are the ones who try to control everybody

the strongest leaders are the ones who trust people and set them free the problem I have with cbdcs is they Marxist and what I mean the Central Bank Marxism is Central banking system so that's why I support Bitcoin because Bitcoin I saw the strength coming from the people not the government I think cbdcs wherever they are a threat to Freedom absolutely you're seeing cbdcs in China right now where the populace are trying to go into a store and they're scanning a QR code and they're seeing in in their wallet that it's invalid purchase because maybe

they're from a region that's 100 miles away or it's they're going to a pharmacy and they don't want that person to have access to that type of of uh drug or medical treatment with a cbdc comes the programmability and control of the government saying you're allowed to do this or you're not allowed to do that and we've already seen it it rolled out in China and it looks a little scary so when you're doing that compare and contrast between a CBD in Bitcoin it's all about who's controlling the actual Ledger one's actually decentralized the other

one is not it's completely controlled by the government now that you know the difference between Bitcoin and a cbdc let's play a little game hey everyone time for one of my favorite games cbdc versus Bitcoin here's how we play I'll read you a headline from our not so distant future and you have to decide am I describing a cbdc or Bitcoin are you ready okay first one after criticizing president mcon on social media French Pilot's digital wallet is Frozen come on this one's a no-brainer cbdc or Bitcoin that's right [Music] cbdc next British electrician protests

being denied a pint of logger at local pub for exceeding his alcohol limit for the week which is it cbdc Bitcoin well of course it's a cbdc all right all right last one are you ready can I get a drum roll please after Chinese Invasion Taiwanese citizens escape with their Savings in their head border guards are unable to confiscate their wealth you tell me cbdc or Bitcoin that's right Bitcoin for the win thanks for joining us today folks Natalie back to you hopefully by now you're feeling more assured so let's get back to the idea

that Bitcoin fixes everything and look at exactly what it can fix I think that there's a moral case be made for Bitcoin in that it is for the end consumer for the citizen it is the stable form that cannot be stolen or corrupted or manipulated or inflated and so for an individual that is a great thing it doesn't necessarily benefit certain governments who want the ability to wipe out with the stroke of a pen or the the muzzle of a gun the bank accounts of its citizens so politicians promise you that they will make your

houses more valuable that you can use them as ATM and extract value from them that you'd have cheap borrowing and cheap leased cars and cheap mobile phones and you'll just be wasteful and keep consuming borrowing spending consuming this is not sustainable it's not sustainable for human Harmony it's not sustainable for the planet it leads to a joyless market society that measures GDP and exchange value over experiential value and experiential value is much more valuable to human beings we don't measure our literacy rates our suicide rates our divorce rates our happiness our pollution within the GDP

metric we only measure exchange value so as long as people politicians keep saying oh GDP is going up therefore we're all doing great that's a massive problem for human society and it's not sustainable for our planet so I think it's extremely important that we consider a sound form of money as a fundamental change for our financial and monetary system because that will put us back on an even Keel so how does all this get us back to the Brady Bunch days you know where a family can actually live off one income and have a balanced

life Bitcoin can make life affordable again and allow us to plan for our future if money actually held its value imagine the freedom we would have I think store value is a really interesting concept that uh ultimately people are trying to figure out where can I put my economic value that I've gotten in exchange for the work that I've done and I don't just want it to not go away maybe actually it should increase in value over time and I think something like Bitcoin uh continues to perform over the last 15 years as the best

store value on the planet people view fed monetary easing as printing money and if you're printing money it's going to create inflation and therefore sound money tends to grow in value just in case you haven't heard of sound money let's take a moment to learn what that term really means what is sound money the term sound money originated back when we used gold coins as currency often times as a way to create more money kings and queens would mix in common cheaper medals with gold that way they could create a coin that looked like it

was pure gold but really it was diluted and that allowed them to create more coins with the same amount of gold so instead of 10 o of gold being able to create 10 coins now they could use that 10 oz of gold mixed with junk medals and create 14 coins it was a very sneaky theft of the people's money the public got wise to this scam and found a simple but clever way to test if their coins were pure if they dropped them a pure gold coin would make a different sound than a diluted one

today when we refer to sound money we mean money that cannot be diluted Bitcoin coin is the soundest form of money humans have ever created because no matter how hard anyone tries you can't dilute Bitcoin by creating more of it there will only ever be 21 million for all of human history so because Bitcoin can't be printed out of thin air it gives us money we can trust and what's more it's inclusive and open to everyone around the world you know if you are one of the 50% of the planet who does not have a

bank account you are shut off from the global economy you can't go shopping on the internet if you don't have access to a credit card or some form of digital payment so there's a huge amount of people around the world that are frozen out of the financial system and the ability to improve their life circumstances Bitcoin it is designed ultimately to replace both the monetary system and the financial system it is a math-based system where at its core it is trying to remove politics from money the beautiful part about that is that anyone anywhere in

the world can use Bitcoin at any time for any reason no one can censor them no one can stop them uh no one can tell them that their use of money is um wrong or not allowed no one is going to change the rules on them halfway through and everyone operates by the same rules it doesn't matter if you're a billionaire it doesn't matter if you're a president it doesn't matter who you are you have the exact same rights within the Bitcoin system that the person who makes $1 a day has do I I believe

that it can help people rise up out of poverty and give them opportunity to do business where they weren't able to before yes I do and it's certainly been the case around the world where people have had gotten access to a financial system that they didn't have access to before for example talk about financial inclusion for instance the current um Financial system excludes a large amount of people from being able to access Financial Services if you looked at uh a continent like Africa one of the reasons they can't crawl out of poverty is because the

currencies in every country in Africa they're either broken completely completely defective or they're impaired and they're continually sihing economic energy from the working class and from the businesses and those economies into the hands of the politicians that control the corrupt currencies un assd don't really have any hope of accumulating wealth if you're paid in a defective currency and the currency is continually collapsing not only does Bitcoin allow people to be their own bank it is the only form of money that gives us digital property rights Bitcoin is very transformative because it gives us a new

set of building blocks we don't know all the things that we can build with those building blocks but we do know is that it solved maybe the oldest problem in humanity which is how do I secure my property in a way that can't be stolen the ability of a person to have full rights to the money that he has earned that he is brought into being without interference of any more powerful entity whether it it is a a band or a gang or a government or anything else that could use Force against him that's a

huge advantage and a huge asset coming from the former Soviet Union uh my parents brought my family over 1989 I was 7 years old uh along with my sister and um we left the Soviet Union because uh many people know it's uh it was a very oppressive regime things were scarce goods were scarce people weren't really free to do what they wanted information was very strictly controlled uh so what I found out is that when we left the government was able to exchange about $100 per person uh for my family of four that meant we

left with $400 in our pockets and that's all we could take with us otherwise our option was to exchange these Soviet rubles on the street which basically had no value had we had Bitcoin back in the Soviet Union in 1989 we could have actually taken our hard work and everything that we had done with us you know that value that we that we earned you know if you show up at the airport with all of your money in any other nation state they either arrest you they send you home or more likely they take your

money and send you home right try to walk through an airport in most countries with the a million dollars of gold in your backpack and see how far you get you can't even walk through with more than 10,000 of anything governments have um captured the capital of their citizens and if they can force you to use the currency while they've got the capital captured they can simply seize as much of your Capital as they wish by debasing the currency more aggressively Bitcoin reverses that balance of power because now for the first time you could actually

store your capital in a hardware wallet or in a set of private keys and you don't have to move it physically through the airport or on a ship you can actually move it through cyberspace with 12 words you could send all the digital capital in the country over a WhatsApp message you know there's a famous phrase you know an armed Society is a poite society uh when the citizens are disarmed and the government's the only entity with the guns then one person can simply steal all the property and when 95% of the citizens are starving

to death that's not a problem as long as 1% of the people love the guns and you feed the 1% with the guns you could still control the country and that's what happened in many nations in North Korea and Cuba and Zimbabwe Etc Bitcoin economically arms everybody like for the first time in history you can fight back you actually can store your economic energy and protect it with cryptography and a 300 xash wall of encrypted energy and no mayor or Governor or country can seize that from you no matter how much Weaponry they have and

um what happens then if I can't take it from you by a force I have to negotiate with you and that means instead of just losing everything I'm going to try to sweet talk you or negotiate you and giving me half and we call that tax we want to get people out of poverty we need to give them property rights we need to give them savings that is theirs we need to give them a way to build wealth to build businesses and to keep that wealth and to pass it on to their children so they

can build more wealth and that is uh what Bitcoin provides uh Bitcoin enables digital property rights for the first time because it's the world's first digital bear instrument it allows people to have not only ownership but control but what also is essential to a free Society is economic freedom if you don't have the choice of how you spend or save your money you don't live in a free Society before cryptocurrency you needed a bank to allow you to build something and put it on the internet but now we have money native to the internet which

allows the whole world to participate in a global economy oh ultimately Bitcoin is a means to fight tyranny to fight corruption when you take control of the monetary system out of the hands of a few and make it available to everybody it is a safer system and Bitcoin provides a way for the abundance gained from technology to be broadly distributed to society that is aligned with the best in humanity rather than the worst in humanity Bitcoin is value that everyone can recognize and already a 100 million people recognize that value there was this moment I

was sitting there and I put Bitcoin on a ledger and I looked at The Ledger and I thought this is my money my money's here it's not sitting out there in some bank waiting for some Bank Run to run it out of business or allowing some Banker to make a fortune off my money it's right here I know where my money is I think that gives power to the individual I think that gives power to the people this is why people find so much hope in Bitcoin it gives us back control over our time our

energy and our lives so I think the most transformative aspect of Bitcoin is really almost a social economic experiment you know can all the the users of a money be in control of the monetary system right or do we need a handful of elected people to tell us what the monetary policy should be if a majority of the users of Bitcoin and the people running it decide to change the monetary policy they can Bitcoin solved decentralization and security and it was the first time that decentralization and security has ever been solved and for anyone that's

gotten into Bitcoin reading the Bitcoin white paper is usually the inflection point where it's a n-page really easily understood document that lays out what's now the whole cryptocurrency ecosystem the fundamental idea that we can have a financial system where individuals are really in control of their money you don't have to have all of the intermediaries that were problematic in the 2008 financial collapse when I saw that as an engineer I thought wow this is one of the most empowering things that I could imagine the most important thing is that way it reorganizes human behavior right

cuz for basically thousands of years um you know most things happen in a trusted way you had to trust somebody in order to conduct a transaction you had to trust somebody in order to store your wealth and now you don't you can use Bitcoin and you don't actually have to trust anyone you just have to trust the algorithm you have to trust the software code you have to trust the rules of the system and so Bitcoin is this very transparent system based on code and based on rules doesn't require you to trust a bank doesn't

require you to trust the government doesn't require you to trust your neighbor even um you can use it to do business with an enemy you can use it to do business with the friend I think the fact that no one can control or manipulate Bitcoin and that everyone has to play by the same set of rules and there's no rulers I think that makes it inherently very moral uh there's no one who gets a special unfair advantage in Bitcoin and that's different than the current system we have today where whoever's closest to the money printer

basically disproportionately benefits from it and so I think Bitcoin can make the world a better place by making it a more fair and inclusive system and will help fix some of the division polarization and the wealth concentration we see today there is so much Bitcoin can heal it can even prevent those ower from being able to take our money or silence us the first thing that happens when you go against the government that is a dictatorship they will take away access to your money and it doesn't even have to be a dictatorship Justin Trudeau in

Canada worked to use Banks to cut off money for truckers they were protesting covid restrictions that were put on them in Canada and they were using the banks to do this this was actually considered illegal in Canada but nevertheless Trudeau did it Banks complied with it and they started choking off the protest by restricting the money the government taking people who had committed no crime who were not charged with a crime or of course never convicted of a crime and punishing them for critic izing government policies and punishing them in away that was almost worse

than imprisonment because if you can't get at your bank account you can't feed your children you can't buy gasoline you can't pay the mortgage on your house because if the government has the capacity to starve you to death to keep you from getting work to keep you from shelter then it has license essentially for any atrocity and uh at that point I began looking more serious at Bitcoin as a currency that could be used to escape the government surveillance systems when working in Moscow when our bank accounts were blocked by the regime we were able

to continue our activities thanks to bitcoin savings basically Bitcoin gave us freedom of action and freedom of speech at that time the US government has the discretionary ability to effectively turn off the savings of whole Nations at a time that's what they did with Afghanistan for better for worse after the Taliban took over that's what they did with Russia in February of this year again for better for worse you might say well these are the Strategic objectives of the United States that's fine but what they are doing is confiscating the savings of entire nations and

it's just a fundamentally unfair Dynamic right you are blending political objectives with people's savings and that leads to misery in my opinion governments can at any time decide they don't like you or me or somebody else and sanction if we called sanctions what they are right Financial sanctions Starving Children you're basically cutting off supplies of goods and services to a population we probably wouldn't like it as much but what we call about economic sanctions whether it's Venezuelans or Russians or anybody else governments almost glamorize it because they're like well we know better we know what's

best but censoring someone because they have different views or different lifestyle or different uh perspective on on how the world should interact it's not really our job so PayPal came out with that policy where they said if you say anything online we don't like misinformation which of course as we found out for the last two years what was labels misinformation actually came true but if you do misinformation they can pull 2500 out of your account it's not your money of course they got massive amounts of backlash and they came out and said W wo that

that was a mistake that was a mistake and what we're seeing in Canada what we're seeing with PayPal uh what we're seeing with the banks is that your money that you think is your money is not your money and at any time they can decide to censor you or block it if they want and at the end of the day if we don't have the ability to determine our own future for oursel for our family on a monetary basis we don't actually have any real control of anything in our own lives Bitcoin puts you back

in the driver seat of your life which is why so many people see it as the Ultimate Force for good I absolutely believe that Bitcoin already is making the world a better place and we'll continue to do so in in the coming years there's been plenty of examples of currency collapse just in the last 13 years since Bitcoin has existed and we get these every single year so there have been major even middle inome Nations where the currency has effectively failed and Bitcoin has been a life raft for those people when the war in Ukraine

broke out I had friends there on the ground trying to help some folks on that were stuck in bomb shelters uh delivering food and and water and they asked us to help them monetarily try to help them buy more supplies on a Saturday night uh the only way to get money into Ukraine was Bitcoin there's no other technology that can cross borders uh outside of banking hours so we were actually able to use Bitcoin to send it over there and get local currency to people on the ground and to affect humanitarian Aid and I was

really blown away because Bitcoin was the only thing that could solve that problem and in times of War all philosophical resistance to things like Bitcoin goes out the window because it doesn't matter if it solves your problem you're going to use it and that's what makes me really excited about it because there's so many problems in the world and those people really need the Bitcoin we um decided to collect some donations in Bitcoin and Bitcoin was a kind of a plan B for us um the very concept of Bitcoin is tightly connected to the concept

of um Financial Freedom for everyone in the world and give understanding that Bitcoin is a significant tool in a fight against um Global evil you know when people go to protest um NE it's in usbekistan in Russia or Belarus or Ukraine or somewhere it's important that you know that you have Financial tool which cannot be turned off in the moment when you need it when you need to be able to fight for your freedoms and shouldn't be naive thinking that someone in your country would not abuse the power one day it could happen you have

to be prepared where you see Bitcoin expanding really fast is actually Nations that need it the most right why El Salvador is a natural is because they're most punished they're furthest away from the Monopoly system of money today and so Nations that have always seen either hyperinflation or dictators and what you're seeing is those populations race into this open monetary protocol call and nobody can stop them it is freedom these are places where the government has failed in some sense and so a lot of critics think oh well you know Bitcoin is just something that

um you know Rich westers like and uh it's a tool to gamble with but really the on the ground adoption is happening in places where people actually need it and I think that's an extremely telling early data point and so like if you live in Nigeria Nigeria has among the highest Bitcoin adoption rates in the world like more than 30% of people use it it's actually a very useful tool to do peer-to-peer transactions Bitcoin when you look at its alternative as a as a money where you don't have to trust anyone and you can move

it across countries you can send it to your family I've heard tons of stories from argentinians and how they use Bitcoin to get around Capital controls to get around um you know government restricts the ability to move dollars in and out of the country and Bitcoin is this fantastic alternative for that my country is ruled by the oldest military regime in Africa same government in power for 57 years and this is a brutal Rogue military regime that put us under unimaginable amount of abuse and pain and control activists and dissidents arrested killed their bodies dumped

in the sea countless of activists jailed and have been in prison for years with no trial many others have disappeared their families have never seen their body and thousands others have fled the country living Exile like myself I see Bitcoin as a tool of political social and economic Liberation the reason why is because the ideology behind Bitcoin in itself is judged toward giving monetary agency back to people to Citizens no longer having people depend on Banks and governments to control their money and determine its worth we are also in a situation where as citizens of

our nation our money is worth absolutely nothing outside of our borders so when I see Bitcoin I see it as a tool that can allow us to put an end to this continuous Colonial uh uh system that has maintained our countries and our people in bondage the goal of my activist is to eventually get to a point where my people can live freely and in dignity and that cannot be attained without Financial [Music] Freedom addal s fund which is a my nonprofit organization of what we do is trying to empowering young women and children in

developing countries like Afghanistan but there was an issue about that there was an inability to pay this women because many of these women didn't have a bank account and we have to actually send the money to their male relatives um bank account and many of these women sometimes says that they never receive the money because once the money goes in the hands of the men's and relatives uh they prefer to not give the money to the women and why is like that because um in a conservative communities men's um summons are trying to control the

lives of the women and obviously the first things that they don't want that the woman have the financial Freedom so we heard about Bitcoin and uh we thought wow we can use Bitcoin and send to the women directly and they can have control of their own finance that was interesting and we deployed a Bitcoin wallet in within our system we created an um userfriendly platform that was very easy for them to find where their wallet is how much money they making and then what they can do with this money Bitcoin has helped us bypass the

physical and social barriers if you have a cell phones and uh smartphones and you have access to Internet you can have your bank with you everywhere and that's why uh I think that the magic of the Bitcoin is the Jews of Eastern Europe when the Nazis arrived the Jews of Spain before that Jews of Arab countries in the uh late 40s and early 50s uh Jews were thrown out of Syria in huge numbers thrown out of Egypt in huge numbers with nothing literally with nothing gosh if they could have taken their digital wallets with them

what a beautiful thing that would have been I think Bitcoin is as much an ideology as it is a technology but because it's an ethical ideology there are many people that feel very spiritual about it and others that view it as a religion if you worship truth if you worship Integrity if you worship conservation of energy and balance in the universe then Bitcoin is your religion Bitcoin is ethical but it's also peaceful it's not a currency that worships violence [Music] from a political standpoint you have politicians on both sides Republican Democrat it doesn't matter that

are aggressively trying to vote resources Financial Resources into their local jurisdictions in order to support this war machine that's happening and that's the game of fiat currency where nobody is pegged in operating off the same rules and the same rules set which is supplied by Bitcoin IT Supplies This Global rule set that nobody can manipulate cheat or take advantage of over the expense of other players in the global game and that's why bitcoin's so different and that's why Bitcoin solves this this massive problem that has been wrought throughout history between humanity and violence fat money

is used to fund Wars we've spent $8 trillion on un regime change Wars over the past 20 years and almost and all those Wars made America less safe and less secure and less Rich there was almost no debate about those Wars uh beforehand what do we get for those Wars Iraq is now worse off than we found it we killed more Iraqis than Saddam Hussein we killed between 670,000 and a million Iraqis Iraq is now this in instead of a Nation it's an incoherent battle between she and Sun squads we created Isis in the spillover

war into Syria and we drove 2 million refugees into Europe and we destabilized every democracy in Europe that process ended up with brexit with breaking up the European Union the riots that we're now seeing in France are a direct result of that surge of immigration that was driven by our Wars so the taxpayer would never agree to fund those Wars in advance and the government doesn't want politicians don't want to go to the taxpayer and ask that permission oh it's much easier for them to just declare the wars and then Finance them by printing more

money but ultimately the people who pay for that money are the middle class and they pay through the mechanism of inflation so when the government's print money it has the ability to fund the military industrial complex and create tremendous Reckless spending so when you look at Wars throughout history history that's a very very profitable thing and central banks can print money to fund both sides of the war as a person who was flying attack helicopters in combat there was almost every single flight I went on somebody that was being shot at injured killed providing that

support for people on the ground was uh an extremely humbling experience to just see how destructive human beings can be towards each other when you go far enough Upstream as to what's driving this Behavior why why is this even happening I personally arrived that it's the money that's causing this to happen and there's probably nothing more important for me and in my life than trying to make sure people can understand that there's there's a better way to conduct exchange and there's a better way to get along with each other than to have a trusted Ledger

that nobody can manipulate or change we need to make war and fear less profitable that's the real layer 2 solution that we need on top of Bitcoin it's us not code on a blockchain but a human society that makes nonviolence and kindness more profitable than exploitation and greed why is nobody in the in the US concerned that we've been at in these wars for as long as we have why isn't anybody asking about the cost of this just not even human life but like the financial cost and the reason why is because it was always

paid through the basement they didn't know they were paying for it because the bill was pushed way out into the future through the depreciation of the currency itself and so it just didn't seem like there was a cost and so it's not just the US that pays for their armed conflicts this way it's every fiat-based nation state that pays for their armed conflict this way if you move to a Bitcoin standard all of a sudden you can't debase the cost of conflict away and Bitcoin you know conversely is the currency of Peace if you actually

have to go to a population and ask permission to wage war in most cases they're not going to give you that that permission you know it's interesting when a government gets into trouble and they have to pay for a war or they have to pay for a pandemic or they have to pay for some cataclysmic event they tend to print money and because you're going to have these governments printing all this money then the money is worth less well what if it were all Bitcoin Not only would that government not have the ability to print

the money for the war you might not even have the war so many people see a world where Bitcoin reduces War makes it unaffordable and incentivizes us all to love and serve one [Music] another I believe that Bitcoin is just money and in in the Bible there are many examples of what just money is and what unjust money is without a doubt government fiat currency is not just money it it steals from the poor and gives it to the rich it creates more income inequality I think God hates the current system that government Fiat creates

that Elite group of people makes decisions based on their own portfolios based on their own set of priorities or those of their friends and colleagues who mean a lot to them they're not really making up more money they're just taking it very often through inflationary policies from those who have earned it it becomes a system of great Injustice and even theft uh the United States government has been printing money like crazy it's it's the dream solution uh it's it's a way of stealing money without being caught and uh you know spending other people's money is

fun that's all there is to it it's one of the best reasons to go into politics you get to spend other people's money and most voters are not aware that as prices go up reflecting profound inflation that this is the doings of an immoral government that uh is literally stealing the bread off your table so inflation is theft it steals from us right under our noses and sadly the way people keep up with inflation is to max out their credit cards and take on more and more debt which only creates bigger [Music] problems we have

interest levels today in our time that far out run inflation often times and I think that does raise some ethical questions for us about about how we handle our money in the modern world and how we charge people who pursue credit that kind of thing because they end up paying a lot just to make up the credit aspect of what they've done as opposed to the money that they've been provided for and alone so in Islam uh the practice of lending at interest is forbidden and specifically speically the word that is used is riba riba

literally means Surplus or excess and it means any excess on money so any form of money creation is forbidden uh riba is interest it's Usery it's money creation so um when we talk about sound money in Islam we're really talking about a form of money that cannot be created from nothing and therefore requires proof of work now one of the problems with Fiat money is that it doesn't require proof of work well that's it interesting let's see what other religions have to say about Bitcoin and its ethics many people question what is the role of

technology in Judaism this is a tradition and a law which goes back thousands of years so what could it possibly have to say about these modern inventions and Technologies the fact is that everything that God creates in this world is all for the purpose of making the world a better place and serving him better so all of these Technologies whether phone internet video all of these things Bitcoin can be used and should be used for the better service of God India was this fabulously wealthy industrial power and a spiritual innovator at the same time and

it's largely because its economics had somewhere in its foundation the idea that the ultimate goal is the pursuit of Moka this true freedom and we can get back to that so if Bitcoin helps us to get back to a new kind of capitalism that Fosters both material well-being and spiritual Freedom it'll be great but that kind of new capitalism won't really be that new it's more like a return to our old habits so it sounds like Bitcoin can bring out the best in us let's explore these religious teachings more deeply [Music] when it comes to

Judaism being compared to a blockchain there are so many points that we can look at besides the word chain itself the transmission of Torah and Judaism through the generations is called hute a chain of descent from Rabbi to Rabbi and generation to generation so what every individual can do is study Torah they become their own full node they can valid Val all of the laws and all of the customs and traditions and then as new situations arise rabbis have to deal with how does the Torah have a perspective on these new technologies on these new

questions that's where proof of work comes in the rabbis are the most educated and experienced in analyzing and studying the Torah so they prove their work through their study and through their writings which can then be verified by every member of the tribe all they have to do is look into the Torah and validate that what the rabbis are saying fits in with the Torah values and Torah teachings particularly as a Jewish person who the Jewish people have been dispersed across the entire world and have had to move from country to Country I can appreciate

a money that you can take with you and own and use for your purposes without it being interfered by Third parties Bitcoin is just another step in the technological development of how we can serve God [Music] better Buddhism itself is a decentralized system in fact it's the only faith that I know of where the founder himself said don't trust anything I say on faith you have to validate it yourself so what validation in Buddhism means is that you have to critically analyze anything anything that the Buddha himself said so in a way as a Buddhist

you're a kind of block validator where you yourself have to relive the Buddhist algorithm Buddhism is really like an algorithm a set of a set of rules that the Buddha said if you follow these you will be happy and you will create a a kind benevolent and fair society and so that I find very parallel to the way that blockchain works because you wanted to create a system that benefits all beings you know and not just some select subset those things I think are very with this idea of decentralization so yeah I think Buddhism is

a decentralized religion if you have centralized planning that is fewer people who um are making the decisions about the the economy as a whole you have less information if you have a decentralized economy what you have are more people more inputs more kind of connection to the reality of what's Happening then you would have if you have a small pullet Bureau a group of policy advisors who are making these decisions very often influenced by their own particular interests so when we ask what the Bible says about money the the key thing is that money itself

is not evil sometimes you hear people say money is evil it's not it's it's a means by which we manage our relationships and barter with one another with different skills and abilities that we have what the Bible says is is the love of money that is evil that it is when it moves us towards greed when it moves us towards coveted us when it moves us towards averest when it feeds our pride those kinds of things that's when money becomes a problem and actually it isn't money that's the problem it's how we deal with money

that is the problem [Music] now inic economics in ancient times the ruler who was often elected by the way even 2,000 3,000 years ago was judged on a concept called yoga cha which means an overall material and spiritual well-being of the citizens particularly the weakest in society monetary profit was considered just a byproduct so fiddling with the money Supply though it might do some temporary good means that we are ignoring a lot of the key metrics of what makes life worth living one reason we print this money is to get people to go out and

shop with it or to take on debt at low interest rates so they can go out and shop with that now I don't know of any religion or philosophy that says that the goal of human life is to consume to the point of death so in a real sense we are in izing something that goes against our basic morality and I'm not sure how long we can continue to do that the truth is what we really are is divine beings who have taken human form in a material world that we manifest together for a meaningful

purpose to be happy and free that's the truth and that's the foundation of viic economics and Bitcoin has a chance to help us to see our El that [Music] way there are sources of scripture in Islam which are the Quran which is believed to be the word of God and the Hadith which are the collection of the sayings and actions of prophet Muhammad peace be upon him and there are two very famous Hadith one regarding price fixing and the other regarding monopolies uh the price fixing Hadith goes something like the following a group of people

came to the prophet and said said to him would you fix the prices of Commodities in the marketplace and he considered this and he said no because he didn't want to cause an injustice against the people he said that God is the one who fixes the price uh in the market so this thing I think is very important because it tells us that a a free market economy is one that is fundamentally a just economy I think Bitcoin is the most Islamic form of money ever invented and therefore you know also the most abrahamic form

of money invented because actually the the three great monotheistic faiths share many characteristics in terms of justice and equality and fairness and dealing with one's fellow man so I think that Bitcoin has those characteristics to be not just the most Islamic form of money but the most Jewish and the most Christian form of money as well uh and I think therefore it is a it's a very very powerful concept and one which can completely overturn our understanding of the last 100 years of economic history in a Bitcoin world people would work together and be free

and happy if fixing our could help us achieve that imagine the kind of future we could build I like to kind of think about how the story of Bitcoin is still being written the story the chapter one started over a decade ago and here we are and we have no idea what kind of the final chapter of the book ultimately looks like if you think about Bitcoin taking over the world right the Bitcoin isation of of the world and you play that out to its last element what could that last stage be from a potential

perspective and that is a World in which there is no other currency all of the governments have dropped the dollar and the Yen and the euros and all there is in the world is Bitcoin and it is the standard kind of payments mechanism for for anything a few steps before that is going to be central banks around the world adopting Bitcoin as a reserve currency I'd actually expect that to happen at the same time when I started in this space I thought this might take out centuries and every single year I feel like my time

frame gets shorter and shorter and shorter I think if the world went on to Bitcoins didn't I think what we'd see would be less Wars we' see government size drastically reduced because the ability to tax your citizens becomes much harder so if Bitcoin is successful and the world starts to use it we see the role of government start to shrink quite a bit and their ability to extract value from their citizens their ability to wage war is also dropped too and a optimistic government should look at Bitcoin and understand that this is a a movement

that's not going to stop you can't really ban it and if you do it doesn't mean that every other country will either so it's better to get on the train see this coming versus try to fight it and try to fight against it it's sort of like a inevitable sort of change the things that are happening now are things that we were only dreaming of when we were you know on our PCS in computer class in 1985 this is not just an advancement in technology or an advancement in Computing or an advance of a monetary

system in my opinion Bitcoin represents an evolution of Consciousness beyond anything we've seen in thousands of years we are moving towards a digital future and we are moving towards a future that's going to require a dis intermediation between governments Banks and centralized control and Bitcoin grants us this power through an open network that anybody around the world can participate in it's extremely powerful and if people adopt it in time we will see how we will put the power back in the individual's hands and dis intermediate those at the top that are trying to control the

human race there isn't yet a Bitcoin tangible economy but that may change and in fact I think on some level it's already beginning to change so it's obviously something that uh I think everybody should watch with great interest I think it would be a great mistake to ignore the Bitcoin economy I'm excited for the future of Bitcoin because we're just really beginning to understand all of it and the uses for it and the advantages of it in a Bitcoin operating World it'll just be a completely shifted Dynamic so it will be more that people can

save up and then invest into a certain business and so in a short way of putting it it's like saying we're going to live in a more equity-based system as opposed to debt whereas right now it's all about cheap debt cheap credit is how the thing expands whereas in the future it will be more equity and savings based you know I'm a person who really believes that everyone should have the right to health care right to a home uh right to food uh and so on all the basics um we should all have our share

of the Earth's Bounty and no political or financial system we've come up with has yet solved that problem for Humanity although we're getting a little bit closer so the idea of putting it into collectively agreed algorithms that no individual can change is very very powerful so these things are happening all over the world what I see in the next 10 years is that Bitcoin is flourishing Bitcoin is solving problems for people in the places where they have the problems that could be currency problems that could be energy problems that could be being able to escape

from your country and that growth is something we see every day it's not shrinking just like the internet just keeps growing right lots of people ask um how long will it take for the world Beyond a Bitcoin standard will will there ever be a time where Bitcoin is the world Reserve asset and the world Reserve currency I think that that's inevitable I do think that's coming at some point but I think we're still kind of a long ways away from that and so maybe 5 10 years from now I think lots of the world's government

Fiat currencies are going to dissolve and that purchasing power is going to be transferred into either the US dollar possibly the Chinese Yuan and certainly Bitcoin in the world will be a more just a more honest uh and just a better place to live we consider a sound form of money as a fundamental change for a financial and monetary system because that will put us back on an even Keel that'll actually put us closer to those values that were once espoused 2,000 years ago by the abrahamic faiths one of the other areas that I just

really like about Bitcoin is this idea that I mentioned earlier where it's a very unifying technology for us considering where just considering how divisive the whole country is the whole world but especially in the United States we're at each other's throats and we don't agree on anything but now all of a sudden Bitcoin comes in and you have Republicans and Democrats and conservatives and Libertarians because they agree on bitcoin and they agree on bitcoin because it reflects their values back at them and they believe that it's the right path for us to move forward so

all of a sudden now you have this base layer unifying technology that can really start to help us have conversations because the worst thing that we can do is get into our Echo Chambers and not talk to the opposite side anymore now you have Bitcoin helping to unify these groups and put them in the same room and have conversations and I think that's where progress can be made our money should reflect actual value creation and not be sort of given to us by a government that's just trying to manipulate the money supply to get us

to shop when they want and go into debt when they want as long as we're manipulated like that we're not truly free that's what we need as a change and Bitcoin gives us a basis it gives us a tool for creating that kind of society and that kind of economy we're at a very transitional time in history if you look back through the long lens of History what we see is a repeating cycle of Freedom oppression Revolution Freedom oppression Revolution Freedom oppression and it just goes through all of history and I think we're at a

point in history where that cycle could finally break and I think it could break to one or the other side and it's going to happen in the next decade or two and it's going to be up to us to decide which way it breaks and I think the cycle breaks and either one it breaks to where through cbdcs and social credit score system like they have in China through indoctrination through schools and social media they can indoctrinate us they can censor us they can lock us down keep us isolated and potentially prevent any Revolution from

ever happening again the other option is that understanding that the source of all their power comes from the ability to print money the money printer is their power and if we can defeat the money printer and they have no more ability to print endless amounts of money then their entire system falls apart and Bitcoin is that tool that allows us to beat the money printer defeat their system and if we move to a monetary system that nobody can control that system never builds up again we defeat the money printer they never get the money printer

going again and we have a life with no revolution cycles of Just Pure Freedom for Humanity from [Music] there I see that we do have a choice to make I always lean into hope and the good in all of us we should not steal we should not wage war we should have a form of money we can trust trust so we can build a world of prosperity and abundance for future generations to live together in peace and Harmony Bitcoin embodies that hope Purity and Truth [Music] see [Music] [Music] [Music] [Music] h h [Music] [Music] [Music]

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