56:19 "Who the hell is going to want that?" - Indeed...... until I remembered the 1.4 billion Chinese people (~18% of the world population) who do not really have a say in the matter.
Human-run systems will always be flawed, biased and self-serving - this deep dive on the global monetary order is proof of that. *Bitcoin actually fixes this*.
"germany" was an effect of xixth century "germanisation" and was created only in 1871. "Germans" do not even call themselves that and for what i see from linguistic, this could just be extension of the holland aka netherlands. calling it "germany" is an english language thing, which makes dubious link of this country to a few antique references of this regions from the roman times. and no - the 1919 was much better than 1815, because it forced "germans" to disgorge central and east european colonies they occupied as a result of 1815 and earlier.
For example, even for El Salvador, if the US comes out and say... any country that does business with El Salvador using bitcoin will get sanction and cut off, 99% of countries will be afraid to trade, then bitcoin will collapse in El Salvador.
No country is bigger than their financial incentives. You’re hoping the US does that but my guess is they won’t and even if they do, it may take years before they do so and by then El Salvador’s treasury is worth substantially more and what happens when other smaller nations follow suit before the “sanctions” That means the US might’ve to sanction more countries. Besides the US already has a hegemony on bitcoin considering most of the bitcoin holders, companies and now miners are in the US contributing financially to the system. Give it a rest David Wrong.
I think it would backfire at this stage, there`s already a lot of smart money invested in BTC and following game theory smart players will risk jumping on BTC´s life raft than remain aboard the US Dollar sinking ship, even if its captain threatens passangers to stay on board while he is trying to keep his head above the water. You have to be very strong to subdue, and that is very difficult when you are collapsing. Remember Rome.
Easily one of the best conversations on RUclips. Great work guys.
Holy cow this was crazy informative. Thank you both!
Brilliant discussion that *everyone* should watch...
Great conversation guys!! I learned so much yet again.
ruclips.net/video/AYgdVSjn9DI/видео.html
Best information. Major eye opener 🏆
Crazy conversation. So good and informative.
Amazing content! Thank you, guys.
Excited to learn about all of this more
Great chat!! I need more bitcoin
1:03:40
The random economist in Ghana is right. 📝💯
Great discussion! And what about WEF? The same series, isn't it?
Pick your acronym: BIS, IMF, WB or... BTC. I’m going with the latter.
🔥🔥🔥💯
56:19 "Who the hell is going to want that?" - Indeed...... until I remembered the 1.4 billion Chinese people (~18% of the world population) who do not really have a say in the matter.
Just wow
Human-run systems will always be flawed, biased and self-serving - this deep dive on the global monetary order is proof of that. *Bitcoin actually fixes this*.
I am guessing the BIS like all the others hate BTC.
They need us all in the dollar to be on the hook for all the problems
"germany" was an effect of xixth century "germanisation" and was created only in 1871. "Germans" do not even call themselves that and for what i see from linguistic, this could just be extension of the holland aka netherlands. calling it "germany" is an english language thing, which makes dubious link of this country to a few antique references of this regions from the roman times.
and no - the 1919 was much better than 1815, because it forced "germans" to disgorge central and east european colonies they occupied as a result of 1815 and earlier.
For example, even for El Salvador, if the US comes out and say... any country that does business with El Salvador using bitcoin will get sanction and cut off, 99% of countries will be afraid to trade, then bitcoin will collapse in El Salvador.
No country is bigger than their financial incentives. You’re hoping the US does that but my guess is they won’t and even if they do, it may take years before they do so and by then El Salvador’s treasury is worth substantially more and what happens when other smaller nations follow suit before the “sanctions” That means the US might’ve to sanction more countries. Besides the US already has a hegemony on bitcoin considering most of the bitcoin holders, companies and now miners are in the US contributing financially to the system. Give it a rest David Wrong.
I think it would backfire at this stage, there`s already a lot of smart money invested in BTC and following game theory smart players will risk jumping on BTC´s life raft than remain aboard the US Dollar sinking ship, even if its captain threatens passangers to stay on board while he is trying to keep his head above the water. You have to be very strong to subdue, and that is very difficult when you are collapsing. Remember Rome.
thank you!
so where's the world economic forum in all this with their great reset?
Buy this BTC old Dinosaur right now...I don't want to lose money, just because there in not enough buyers there dreaming to get rich....
Translation...?