Man, that was a blast to watch! Some folks might say, "Money and finance is boring," but looking at it from this angle, it's actually a pretty wild ride!
Good luck trying to use btc without a middle man. You can't buy it or sell it without a middle man, but Ig you could pass it around as long as you never need fiat, but what's the point of passing it around? Turns out bitcoin also needs banks, go figure.
Thanks for your comment! I see where you're coming from, but let's clarify a few things. While it’s true that buying or selling Bitcoin often involves exchanges (which can act as middlemen), Bitcoin itself was designed to operate without needing traditional financial institutions or banks. You can send Bitcoin p2p without any central authority. In some countries like El Salvador Bitcoin is already accepted as legal tender and you don't need Fiat. As for buying and selling Bitcoin, Bitcoin is a hedge against inflation. While Making Fiat profits by selling Bitcoin is understandable, people should keep in mind that selling bitcoin is selling the best hard asset in existance and that you are trading your Bitcoin for Fiat that gets inflated away. Buying and holding bitcoin protects you against the monetary inflation.
Try to free yourself from misconceptions. We recommend doing your homework and really understanding what Bitcoin is about and you will understand why more and more institutional money is trying to get their hands on this asset.
@@onchain_journal im sure richard is smarter than michael saylor, the presidents & millions of people that put all their net worth, often hundreds of millions of dollars into bitcoin. richard is simply smarter than all those people without doing the due research - hes simply a gifted individual that found the flaw that many many people couldnt find in all the years that bitcoin has existed. my hats off to you, richard minh le. youre truly ignorant and everybody should aspire to be more like you.
Fantastic breakdown of Bitcoin's basics! Excited for more insights!
incredible, been here for almost a cycle but this video provided more insight of what money is. Keep it up!
Man, that was a blast to watch! Some folks might say, "Money and finance is boring," but looking at it from this angle, it's actually a pretty wild ride!
Good luck trying to use btc without a middle man. You can't buy it or sell it without a middle man, but Ig you could pass it around as long as you never need fiat, but what's the point of passing it around? Turns out bitcoin also needs banks, go figure.
Thanks for your comment! I see where you're coming from, but let's clarify a few things. While it’s true that buying or selling Bitcoin often involves exchanges (which can act as middlemen), Bitcoin itself was designed to operate without needing traditional financial institutions or banks. You can send Bitcoin p2p without any central authority.
In some countries like El Salvador Bitcoin is already accepted as legal tender and you don't need Fiat.
As for buying and selling Bitcoin, Bitcoin is a hedge against inflation. While Making Fiat profits by selling Bitcoin is understandable, people should keep in mind that selling bitcoin is selling the best hard asset in existance and that you are trading your Bitcoin for Fiat that gets inflated away.
Buying and holding bitcoin protects you against the monetary inflation.
youre ignorant.
You life will change when your money is gone with BTC.
Try to free yourself from misconceptions. We recommend doing your homework and really understanding what Bitcoin is about and you will understand why more and more institutional money is trying to get their hands on this asset.
@@onchain_journal im sure richard is smarter than michael saylor, the presidents & millions of people that put all their net worth, often hundreds of millions of dollars into bitcoin. richard is simply smarter than all those people without doing the due research - hes simply a gifted individual that found the flaw that many many people couldnt find in all the years that bitcoin has existed. my hats off to you, richard minh le. youre truly ignorant and everybody should aspire to be more like you.