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Hi, my name is Bram Constein and
this is Bitcoin for Millennials,

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My new podcast where I go on the
journey to discover how our 

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current financial system works, 
why it's flawed, and why Bitcoin

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might be the answer a little 
back story. 

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When I was 30 I had a mortgage 
and I was working at a bank. 

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I was already into Bitcoin for 
about 5 years and really 

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believed in it as a technology 
that could serve as a currency 

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for the Internet. 
To be honest, I had no clue 

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about the economics nor the 
finance world until one day I 

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had a talk with a colleague 
about the workings of a bank and

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he said to me, did you know that
the money in the bank is not 

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yours? 
To which I replied sorry what 

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like what do you mean? 
Then we had a talk for an hour 

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where he explained to me how 
banks work. 

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You as a depositor deposit money
in the bank and due to the 

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contract that you signed with 
the bank, this becomes an IOU of

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the bank to you, the depositor. 
You basically lend out your 

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money for cheap to the bank and 
they try to make more of it. 

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Actually, when you deposit $100 
in the bank or €100, only 10% of

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that money stays in the bank and
90% of that money gets loaned 

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out again. 
That is the business model of 

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the bank. 
When they win, you get no 

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upside, but when you lose, you 
get all the downside. 

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Bank fails, money gone, bank 
gets billed out. 

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That is taxpayer money. 
Saving them got your money 

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insured by the state up until a 
certain amount. 

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Also taxpayer money. 
Not to mention that the money 

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you deposit could be lent out 
over 10 times. 

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That is how new money is created
on paper. 

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All in all, a pretty dubious 
concept and I remember that I 

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found this conversation eye 
opening. 

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I also kind of felt like an 
idiot, like a blissful, ignorant

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fool that was participating in 
the system that he had zero 

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understanding of. 
This started my journey into 

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learning about the financial 
system and how its flaws affect 

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all of us, not only financially 
but also spiritually. 

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Money should be an unbiased 
technological protocol, a set of

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rules that helps people to 
exchange information about value

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with each other, uncorrupted and
resistant to manipulation. 

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But currently, unfortunately, 
that is not the case and I want 

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to learn more about this while 
sharing it with my generation. 

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And that's why I'm starting this
podcast, Bitcoin for 

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Millennials. 
Join me and my guests on the 

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discovery journey and learn how 
the current system works, why 

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it's flawed, and why Bitcoin is 
the most relevant technology 

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that millennials should 
understand and adopt, not only 

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for themselves, but especially 
for their families. 

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I'd be honored if you would 
subscribe and follow me on this 

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journey. 
The first episode will be live 

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soon. 
Thanks.