So you're still skeptical about Bitcoin because you don't fully
understand it? Well, I'm going to explain
Bitcoin to you in 30 seconds and I swear it'll make sense.
Follow me. Bitcoin is a peer-to-peer cash
network secured by proof of work where miners convert energy into
blocks. Difficulty self adjust every
2016 blocks. Issuance haves roughly every
four years until 21 million nodes verify, not trust and
final settlement happens without permission.
Did you get all that? No.
Well, maybe the problem isn't you.
Maybe it's they only had 30 seconds and now a Bitcoin pitch
in a little bit more than 30 seconds.
It's not like the days got shorter, but your time did.
Somewhere along the lines, learning got squeezed between
notifications and job searches. Where did all this pressure come
from? Well, if you've been living
under a rock, that pressure is tied to money.
I like to compare the guarantee and promise of Bitcoin as a
fixed money to the guarantee and promise of death and that we
can't live forever. What I mean by that is that the
fact that I'm going to die and I know I'm going to die is what
allows me to value my life. If I knew I could live forever,
I'd go to the gym in 10,000 years.
I'd think about reproducing in 100,000 years.
Why would I? The point is, how would I ever
be able to value today if there's infinite amounts of
dollars, infinite amounts of debt, infinite amounts of
printing currency? It doesn't allow me to value the
paycheck I'm getting now, and so the promise that I will die is
what allows me to value. My life.
Time as an asset is infinite, but my time isn't.
And it's the promise of Bitcoin, the fact that I have a money
that is fixed that actually allows me to value my time and
energy right now. And so when you hear Bitcoiners
say I got into Bitcoin, I got healthier, I got into Bitcoin, I
lowered my time preference, I got into Bitcoin and I thought
about the world differently. Is it's it?
It is going from a life of Infinity, which is impossible to
value, to a life that is finite that requires you to value it.
Does that make sense to you? Yeah, that makes complete sense
to me. It's just a life altering
technology and an advancement in money, which is how we capture,
exchange and save time and energy between.
Each other. Money is a claim check on human
time. Flood the world with more claim
checks, and each claim is worth less.
Those claim checks are tied to every single thing you see
around you, from the houses on your street, to the food that
you eat, to the shoes on your feet.
And those claim checks? They're ultimately tied to your
time. Think about that for a second.
Are you in there? There are a group of people out
there that are conspiring behind closed doors that make decisions
that are directly tied to your time.
Time is a resource, just like gold, lumber, water, or oil.
Go planet. When more claims exist on the
resources than the resources themselves, that's when prices
rise. That's what inflation is.
But something is off. Wages crawl, but prices Sprint.
Minimum pay goes up for sure, but groceries, rent, gas, they
all run laps around it. We earn a little more, yet we
spend a lot more. Someone to buy a piece of our
time. We have to charge more and still
somehow we fall behind. If you can quit freaking out
about the loss of your purchasing power.
And most people don't think that much about it, right?
Most people who haven't thought about Bitcoin and don't
understand money, they don't understand this.
It's not until you realize what money is and what Fiat currency
is and what its incentive structure is like that you
finally can take a step back or away from it and look at your
life and look at the effects of Fiat on your life.
And, and I get this, I think not, not from being a doctor
necessarily, as much as being a financial guy.
People are desperate to grow their purchasing power over time
so that they can afford life and maybe retire someday and maybe
support their family someday. And Fiat keeps you on the
hamster wheel forever and ever and ever.
And some people score, they get lucky and they create a tech
company and make a billion dollars, and they don't have to
worry about money. But for 99% of people, they're
on this hamster wheel and they're stressed out all the
time. And I know a lot of people who
tell me I don't care about money.
I don't want to think about money.
I did, you know, it's just not my thing.
And, and, and, and I'm like, but you do think about money all the
time. You have to think about, you got
to get up and go to work and you, you know, you don't, you
can barely pay the grocery bills cause 'cause, you know, prices
have gone up so much And why is life so hard?
And Oh my gosh, I got to pay taxes now.
And you know, I got to put kids through college and all these
kind of things are stressful and, and being stressed out all
the time. I will tell you now, putting
back my doctor hat back on is really bad for your health.
If you're constantly stressed out, you will just have health
problems. It's called psychosomatic
problems, right? So you can, if you're stressed
out, you'll start having aches and pains.
You're going to be at a higher risk for things like cancer, for
heart disease, heart attacks, you name it.
And so stress is bad for your health and Fiat is stressful
and, and, and being on the hamster wheel forever is
stressful. And not having enough money to
pay the bills and maxing out your credit cards and paying 21%
interest rates is super stressful.
Now here's the part where Bitcoin fits into this impending
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Now that was dark, but there's still some light at the end of
the tunnel, my friends. And that light is pity.
It's not gold, It's not oil or anything that you can dig or
drill. It doesn't have a place.
It's not physical. It's virtual value.
Virtual value is a loaded term. I understand because it makes it
sound like Bitcoin's value is derived from some sort of
outside gaming world, like a virtual world.
But I want you to think about this phrasing.
Virtual value. Not virtual value in the sense
of a video game or a frequent flyer miles, but more like
global universal virtual value. Value that anyone can access.
Anyone with or without a bank account, from Portland to
Portugal or service member to sovereign nation.
Bitcoin is for everybody. Bitcoin is universal.
Anyone can hold Bitcoin and no one controls it.
That's not just another type of virtual value.
That is virtual value. And what does this virtual value
store better than gold itself? Your time.
Economic energy is capital, economic energy is wealth.
And so if you think about the wealth in the world, there's
maybe $900 trillion of it right now, and it's tied up in real
estate and stocks and bonds and currencies, collectibles,
etcetera. The challenge is that that
capital is analog capital from the 20th century, and Bitcoin
represents the digital transformation of capital.
And your chart you just showed with those ETFs shows that every
day in the last five days, $481 million is flowing out of the
analog world into the digital world.
And what's going to drive Bitcoin is in essence, the
conversion of analog capital to digital capital.
The killer use case is, is capital preservation and capital
appreciation. And you know, you're, you know,
the name of the show is making money.
That's what everybody wants to do.
And money is capital. Printing more claim checks
doesn't create abundance, it creates a vacuum.
A vacuum of your time. I really mean this.
The dollar functions as a value sucker.
That's why just 30 seconds feels like your new attention span.
Not because you got Dumber, but because you simply couldn't
spend the time to learn. The point I'm trying to make
here is that Bitcoin can be explained in 30 seconds.
It can also be explained in 10 seconds, but it takes years of
experience to really understand the point of it.
If you're tired of looking for your next gig or trying to save
up for something only to see it get more expensive, you need to
get some Bitcoin. If you're tired of watching your
gas tank prices constantly climb, don't get a Tesla, get
some Bitcoin. And if you only have 30 seconds
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Get some Bitcoin. And you know what's an insanely
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Thank you so much for watching this video.
If you like what you see and you want to see more, make sure you
hit that like button below or you can subscribe to the simply
Bitcoin channel for more content like this.
We're coming out with it every single day of the week.
I'm oceans. This is beyond Bitcoin.
Maybe next time you'll have more time, but until that time, see
you next time.