Bitcoin is the most American money ever discovered/invented. Period. Thank you for bringing this up to the community and in a positive light! Many bitcoiners (myself included) came to bitcoin for the greed of filthy fiat, but stayed for the revolution. It can do all that gold can do, but better (in 99% of the cases). T.Rex Arms should spread adoption by accepting bitcoin for purchases!
💯 I wish more 2A-minded people understood this. I have friends who talk about how the government will abuse digital currencies for tyranny and completely miss the fact that Bitcoin is the antithesis of that and a serious lifeboat to escape tyranny
@@dhowe613 Yeah, it's honestly baffling to me. I seriously do not understand why people (especially in these communities) don't take a serious look into it and challenge what they once thought money was. Like, you guys in the 2A community argue that the 2A is for a tyrannical government and always think the banks, MSM, and government are corrupt, yet you listen to the lies they speak about bitcoin and then regurgitate and obey? There is a reason why they don't like it... Oh oh, "BuT gOlD iS bEtTeR!" Yeah, better at being confiscated... Oh man, you riled me up lol.
@@DelioPera Same. But for whatever reason many people in the space think nuclear war is going to bust out any minute and gold and lead will be the only things tradable if they survive. Maybe that is the case, but I'm not going to live my life and investing all my money for that very specific, horrific, and low-likelihood scenario.
Always found it funny when people say the pen is mightier than the sword. The pen has power because people with swords get paid to force others to obey the pen, and since the pen is the one signing the paychecks for the sword…
That was the most understandable explanation of bitcoin that I have ever heard. Years ago I tried to get interested in bitcoin only to quickly understand that I was NEVER going to understand it. The first rule of investing is to understand what you are investing in. I bailed out.
Nah. We didn't recommend Bitcoin as an investment, but as a currency. People who invested in Bitcoin lost some value today, about the same percentage as people who invested in the stock market. However, the Bitcoin can be used to buy stuff.
Great video. I've been in crypto for 10 years and it's been an education in how the mass media, politicians and big Corp control the narrative. "Who controls the past controls the future. Who controls the present controls the past."
Bitcoin, for me, is a store of value. My generation will never be able to retire as the government is running out of money. They're going to inflate the dollar into oblivion to postpone the collapse. Bitcoin and my real estate properties are my pension plan.
Watching Isaac is like having a wise old uncle who has all of the necessary information to prevent the collapse of society. lol great stuff as always 👍🏼
After your last video and book recommendation, I read This Perfect Day. Totally related to being able to verify information and history. Thanks for the great content.
Silver is also valued because it’s used in medicine/pharmaceutical and jewelry of course. This means it’s a consumable. Similar, Gold is used in electronics as well as jewelry.
@HaloDude557 😄 I agree/ believe in the monetary value of gold because it's always had that value throughout the last several thousand years. However, I think Peter's tactics are to just pound tue table on gold because he's heavily invested and then shout crisis until one happens. So, I dig some of the stuff he says but am satisfied with the clif notes version of he talks. 🙂👍
A fun thing to look into is the Debian voting committee. Very interesting way of voting for new features and the overall direction of the os and the Debian project.
I admonish what Issac is saying using blockchain to have structure and stability in our OVERLY CHANGING technological world. And TRANSPERANCY is very essential!
Bitcoin has issues: It is deflationary as a result of coin loss due to time which makes them more scarce as people lose keys or die off. And the issue of miners recording less and less rewards to mine blocks meaning when all coins are mined they will only make transaction fees to process them, making maintaining the digital security infrastructure not economically viable, resulting in a crash. Monero, and Ethereum are far superior as "currency"
I agree that monero is superior, but not for the deflationary reasons you state (as monero has the same mechanism). If more coins are lost, the value goes up, but because each coin can be broken down into infinitely small pieces, you don't get the issue you would have with physical fiat where you can't break a penny into a smaller size for example.
Save and invest in REAL things. Great video as always Isaac! I simply don't know enough about crypto to be comfortable owning it (for a long time seemed like the next tulip craze). I find a lot of value in physical gold and silver. They give me a great piece of mind and safety net outside of federal reserve notes and traditional equity investments.
metal coins did catch inflation!! Because like when the Roman govt sanctioned the addition of other metals into their coins, the purity went drastically down (to .5% silver - 1000% inflation) in the denarius.
Agreed, I view this as the same thing as inflation by "printing more dollars today. Back then then inflation had to be physical as opposed to printing money or adding money to accounts.
Bitcoin is very expensive and slow to transfer. Full adoption will never happen. There are many better options but right now the crypto market is still in the cyclic pump and dump stage
Questions: 1. what if a bot gets control of blockchain "access" similarly to a real person? 2. what if too many people make too many coins like right now? Their values are very much dependent on the perception of value/importance 3. information "poisoning" and misinterpretation have always happened throughout history for better or worse. Yet, we are here, so I would argue historically it's not always such a bad thing to review how we think about past events. Values change, so should our perception following that logic 4. The main difference between Cryptocurrencies and real objects is that real objects are finite (at least until space mining becomes too popular), anyone with a computer could theoratically start mining a coin. And that's kind of complicates everyting
China did try to do a 51% attack on bitcoin and it failed because way too many people are mining it. If a 51% attack does happen then you can do what is called a fork, where people switch off from the malicious nodes. It's equivalent to a bunch of kids at the playground deciding they aren't going to play with one kid who tries to make up the rules in the game. Forks that are created with no reason are ignored and become irrelevant.
Politically neutral currency is necessary for stable democratic societies. Denying and pushing back against crypto is basically saying: ‘We’re not going to have a collectively owned future. We’re going to have a corporate-owned future, and we’re going to have a government-owned future.'
Bitcoin is a $100 bill, Etherium is a $50 bill, and Monero can be a $1 bill. And just as you can use those various bills to trade in different quantities for products, you should be able to do the same with crypto. It's just a matter of everyone understanding the relative values of each.
I would gladly pay college level tuition to be in a class run by Isaac. I know Lucas and the boys get most of the hype, but man, is this part of Trex one of my favorites.
You mentioned intrinsic value several times throughout the video. I would recommend doing a few minutes of reading on the subjective theory of value by Carl Menger, which basically explains why the concept of intrinsic value is nonsensical.
@@HaloDude557 Your argument has completely been refuted because you made a claim that is completely false with no relevance to how it works. Don't expect people to take you seriously if you can't even do a google search before formulating an opinion.
George Gammon/Rebel Capitalist did a road trip to South America and nobody accepted b1tcoin or gold. I'm optimistic about b1tcoin's value precisely because nobody uses it for transactions, and I plan to swap some for fiat as the need arises, many decades from now.
@@ComeOnPelican91the thing to remember there is Gresham’s Law. In George’s trips people were using other things like tron and USD because others were already using them. I keep hearing how “cheap” tron is but it simply can’t compare to Base and Arbitrum for transactions and sending funds. But people are spending according to their access to on ramps. I suspect that people who weren’t on the street with a little more to preserve might have done so with Bitcoin. There was also a fundamental misunderstanding on why wealth should be stored in Bitcoin rather than others. I think that as things progress we will see more people using Bitcoin for storage of value rather than transactions
I wich such economics and money subjects would be daily lessons in high school. Knowing how money works is more important than English or German literature 🚨
What do you mean decentralized? We need to centralize fiat currencies. So, let's digitize? Why would you digitize fiat? Why would I make a ledger on myself, over fiat?
You solely do not make the ledger. Every single user produces blocks that forms the ledger. This is why it is decentralized because you can't just make up how many coins you have as your ledger has to agree with every single other user.
One thing I rarely hear discussed about bitcoin specifically is the massive amount of electricity needed to mine bitcoin. For me it’s a major weakness to the attractiveness of bitcoin.
The electricity cost is the strength of bitcoin, as that is what prevents someone from just making a whole bunch and changing the price with the price of electricity. Because you need a bunch of electricity, no single person or even government can reliably solve a block and get dominance.
I’ve noticed, content creators and media personalities, whom I assume all hold a lot of bitcoins, keep telling us how much we all need to buy bitcoin… Right now it’s down 8.86% for the week.
I don't own any Bitcoin right now, and I'm not suggesting people invest in it. I'm suggesting people use it. The USD is down 14% and you are still using it, right?
@@920WASHBURN I never buy silver at spot, and I never ask bankers what a good deal would be. The best part about bullion is that you can leave the bankers right out of it.
You covered the Flipper Zero, which is great, but hard to find now. What about covering more comms stuff: Meshtastic + LoRa devices, etc. Fact is that CCP China, cartels, gov intelligence agencies seem to have seen 'the use' for crypto and mined/seized/laundered huge amounts of it. to the tune of 100s of billions for China, at least 10s of bil for FBI/CIA/DEA. Look at all the darknet markets seized by US bureau -led taskforces: each time seizing 10s to 100s of millions or even billions in crypto from the wallets/escrow of the markets... and YET there seems to be a COMPLETE lack of transparency about chain-of-custody of this crypto seized. Is it destroyed, is it auctioned off (like other seized assets) OR is it laundered and used for standard intelligence-agency backed black projects?
THE ANSWER: likely the latter. It should be noted that the rise of crypto tumbler services, had been happening for a while. BUT look at the timeline of seizure of darknet markets + seizure of crypto tumbler services...and while the markets selling illegal goods = reason to be seized; tumblers are literally just like banks changing $1 bill for 10x dimes or a new $1 bill (your bank will do all this gladly). Gov seizure of the tumblers = suspicious: laundering has ALWAYS been a thing (Bahamas are nearby), and yet they go after the hardest thing in a laundering scheme (the crypto tumbler, which is super hard to try and argue its cut/dry 'illegal' activity going on). My suspicion is w/ gov seizing these markets (supposedly cracking Tor protocol security) + having dozen or so Tumbler sites seized = they can take these and easily 'repackage' them to either resell illegal drugs/etc they seize + launch new tumblers that are just re-skinned versions of ones they've seized. NONE OF THIS is 'fringe' thought: as recently as Fast n Furious gov has been caught doing this. Iran Contra shows they've been doing it for decades and its been a 'bread and butter' approach for $/power that these bureaus have used since basically their creation.
That aluminum is worth like $5, machinist here… also I’m a machinist I don’t need your HR compliance office worker ass sell me a block that is machinable, i scavenge trash to machine into stuff all the time in fact so much of the time it’s my day job…
If you would’ve told me earlier this year that a group of right leaning individuals would openly advocate for the decentralization of money I would’ve asked you what planet you were from.
with 1.38 billion in cryptocurrencies stolen so far by hackers this year, its only value being due to its demand, that's a hard pass..Invest in land because its physical properties, it will always be there and more cant be created,I could argue Food and water have the most value in all of history, they are the only items we actually NEED to live and land can give you both
That is a fundamental misunderstanding of crypto. The crypto that has been stolen was from centralized exchanges or else hacks. Storing bitcoin to an address with the keys of a hardware wallet is as secure as it gets. To take those funds you’d have to actually hack Bitcoin, and that’s just not going to happen.
@@dhowe613 I think a lot of us lack the technical understanding to own our own crypto in a wallet. That lack of understanding is what has kept me from jumping in up to this point.
and just like our smarter forefathers knew the value of inalienable rights! inmutable is the similar word you are looking for when something is set in stone for all to see. sad that there is no mention of monero or about any of the more impirtant topics surounding true privacy... all this promotion is for the opposition of that
After watching videos like this I feel so ignorant about what I thought was a pointless subject well off to do much research any useful guidance would be helpful.
Nah. I'm not buying on cryptocurrency. It has no intrinsic value and is backed by nothing. And maybe it can't be counterfeited now, but as with all things digital, that day is coming.
Read or listen to the audiobook "What Has The Government Done To Our Money" by Murray Rothbard. It was originally published in the 60's, so there is no mention of modern advances such as Bitcoin, but it is a fantastic analysis of the properties of what constitutes hard money.
@Blunt - BTC is not money. It can be a currency though. Only gold is money which everything derives value from. Even the BIS submits to this. Anyone can find “The Money flower” on the bank of international settlements site. I am talking about the use cases of the blockchain. Tokenizing assets is apart of most agendas of the future for example.
A CBDC would only strengthen Bitcoin's value. Nigeria tried to push the E-Naira (their version of a CBDC), and the citizens rejected it, and Bitcoin adoption exploded in Nigeria. Even China, one of the most authoritarian regimes, could not stop it. Now, they are discussing a repeal of the Bitcoin mining ban.
Just because the fed comes out with their own currency doesn't mean people will use it. People especially won't want to use it when their transactions start being blocked, which is the whole point of the fed introducing it.
POW chain that can do millions of transaction per second. Proof of stake chains need lots of developer trust. This is not viable for the world. There are only three choices. Anonymous is not it. BTC/BCH/BSV. You will have to figure it out. What chain could commoditize everything? A chain that does 7 transaction a second, or a chain that will allow unlimited transactions.
WeatherSV is currently using blockchain to monitor weather. Think of climate arguments in 50 years of data collected on the BitCoin SV chain. BTC can’t do this. The real web3 will be BitCoinSV. As it’s unlimited and not anonymous, but public set in stone code. Your family photos, to your property will be yours and provable without any criminal government or middle man.
While I disagree with you and don’t think there is evidence to support you, even if they did, they no longer control it and there is no evidence of anything malicious in the code.
@@bchap49 they definitely invented SHA256 look it up. Also if the whole world goes to bitcoin and NSA holds 10% ( or whatever % ) they can continue to generally control global economy Even worse, after they cross reference people “anonymous” wallets, with there meta data servers they will know what wallets belong to what people, and be able to see entire spending history of that wallet/person. Cash or other physical barter is king. It won’t work on a nation state economic levels but that’s just scams and bull shit any way ( nation state economics )
I'm not investing in Bitcoin to hold value; I have some money in crypto specifically to buy things with crypto, kind of like how some of my money is in raw materials so I can make things out of them.
Bitcoin is the most American money ever discovered/invented. Period. Thank you for bringing this up to the community and in a positive light! Many bitcoiners (myself included) came to bitcoin for the greed of filthy fiat, but stayed for the revolution. It can do all that gold can do, but better (in 99% of the cases). T.Rex Arms should spread adoption by accepting bitcoin for purchases!
100%
I've been saying the 2A community needs to adopt a Bitcoin standard for a hot minute.
💯 I wish more 2A-minded people understood this. I have friends who talk about how the government will abuse digital currencies for tyranny and completely miss the fact that Bitcoin is the antithesis of that and a serious lifeboat to escape tyranny
@@dhowe613 Yeah, it's honestly baffling to me. I seriously do not understand why people (especially in these communities) don't take a serious look into it and challenge what they once thought money was. Like, you guys in the 2A community argue that the 2A is for a tyrannical government and always think the banks, MSM, and government are corrupt, yet you listen to the lies they speak about bitcoin and then regurgitate and obey? There is a reason why they don't like it... Oh oh, "BuT gOlD iS bEtTeR!" Yeah, better at being confiscated... Oh man, you riled me up lol.
@@Profacy15 hahahahaha nailed it. They don’t understand the strength and security of the network and its hardness as money
@@DelioPera Same. But for whatever reason many people in the space think nuclear war is going to bust out any minute and gold and lead will be the only things tradable if they survive. Maybe that is the case, but I'm not going to live my life and investing all my money for that very specific, horrific, and low-likelihood scenario.
“The doing is always going to be superior to the talking” is such an inspiring philosophy to live by. Loving the content !
As someone who has worked in the industry for nearly a decade, you explained this incredibly well. Great video.
Nothing has value till we give it value. Words have no meaning till we give them meaning.
Always found it funny when people say the pen is mightier than the sword. The pen has power because people with swords get paid to force others to obey the pen, and since the pen is the one signing the paychecks for the sword…
Read/listen to The Bitcoin Standard (it's more about money than Bitcoin).
In other words, the subjective theory of value by Carl Menger.
@@nichtgefunden404You completely missed the point of that saying.
@@joeblow9284 did I really? /s
That was the most understandable explanation of bitcoin that I have ever heard. Years ago I tried to get interested in bitcoin only to quickly understand that I was NEVER going to understand it. The first rule of investing is to understand what you are investing in. I bailed out.
And let the bot commenting begin...
Beep boop
Call me a bot but buy rawr xd coin
Thanks for such a well-reasoned, objective take on Bitcoin. You guys continue to impress and educate well with such quality content.
Much appreciated!
Considering todays events… this may not have aged well.
Nah. We didn't recommend Bitcoin as an investment, but as a currency. People who invested in Bitcoin lost some value today, about the same percentage as people who invested in the stock market. However, the Bitcoin can be used to buy stuff.
When bitcoin goes down that's the perfect time to buy. You don't buy at the high.
Bartering is always a good way to make transactions. Farmers do it all the time. But it should definitely be done more and across all industries.
Great video. I've been in crypto for 10 years and it's been an education in how the mass media, politicians and big Corp control the narrative.
"Who controls the past controls the future. Who controls the present controls the past."
Well this was a rather timely video 😂
Yep, it's just as volatile an investment as we said.
Bitcoin, for me, is a store of value. My generation will never be able to retire as the government is running out of money. They're going to inflate the dollar into oblivion to postpone the collapse. Bitcoin and my real estate properties are my pension plan.
Watching Isaac is like having a wise old uncle who has all of the necessary information to prevent the collapse of society.
lol great stuff as always 👍🏼
Very interesting topic! I’m loving the content of this channel!
Love this focus added to the tech toolbox. Glad that you have started down the BTC rabbit 🕳️ Isaac....keep digging. The true depth is quite staggering
After your last video and book recommendation, I read This Perfect Day. Totally related to being able to verify information and history. Thanks for the great content.
Unimantic is definitely making a name for themselves in the investment world, thanks for the insight.
I love the videos form this channel.
It's all great until the grid goes down. The pm guys will always tell you if you don't hold it you don't own it.
Its not… they need the grid to be up to have power… we will take advantage of their weak ess
“It all great until an asteroid hits and destroys the earth” …see I can pull theoretical BS situations out of my rearend as well
Very true! I'm a big gold and silver guy and view them as a hedge against my more traditional savings and investments.
Don't need the grid to trade Bitcoin, though.
That’s the ticket, laddy.
I feel Monero is better. Bitcoin is traceable and NOT private. If you think you’re getting any protection with bitcoin, you are not
me when my immutable silver oxidizes
D:
Silver is also valued because it’s used in medicine/pharmaceutical and jewelry of course. This means it’s a consumable.
Similar, Gold is used in electronics as well as jewelry.
Love the "transparent aluminum" reference. How do I get to Alameda, with the nu-clear wessels?
Unimantic's platform is definitely catching my attention, I'll be looking into them further.
BTC and KAS. Also the physical versions also of gold and silver.
Silver is as “practically” valuable as your example of aluminum.
It's great stuff!
Encrypted sd drive + tails os + monero blockchain and wallet = freedom baby 🎉
This may be one of the most important videos T Rex has ever put out.
Silver and gold have value in industrial processes.
Leaving the gold standard was the beginning of the end.
Peter Schiff viewer detected and opinion approved
@HaloDude557 😄 I agree/ believe in the monetary value of gold because it's always had that value throughout the last several thousand years. However, I think Peter's tactics are to just pound tue table on gold because he's heavily invested and then shout crisis until one happens. So, I dig some of the stuff he says but am satisfied with the clif notes version of he talks. 🙂👍
@@warriorgospel8168 peter has always had bad timing but he has sound understanding of economic fundamentals unlike most of our politicians
A fun thing to look into is the Debian voting committee. Very interesting way of voting for new features and the overall direction of the os and the Debian project.
I admonish what Issac is saying using blockchain to have structure and stability in our OVERLY CHANGING technological world. And TRANSPERANCY is very essential!
Bitcoin has issues: It is deflationary as a result of coin loss due to time which makes them more scarce as people lose keys or die off. And the issue of miners recording less and less rewards to mine blocks meaning when all coins are mined they will only make transaction fees to process them, making maintaining the digital security infrastructure not economically viable, resulting in a crash.
Monero, and Ethereum are far superior as "currency"
I agree that monero is superior, but not for the deflationary reasons you state (as monero has the same mechanism). If more coins are lost, the value goes up, but because each coin can be broken down into infinitely small pieces, you don't get the issue you would have with physical fiat where you can't break a penny into a smaller size for example.
Fun fact: sapphire is transparent aluminum.
That's the ticket!
Save and invest in REAL things. Great video as always Isaac! I simply don't know enough about crypto to be comfortable owning it (for a long time seemed like the next tulip craze). I find a lot of value in physical gold and silver. They give me a great piece of mind and safety net outside of federal reserve notes and traditional equity investments.
I think true conservatives have always wanted a free market and free exchange of goods and moneys.
metal coins did catch inflation!! Because like when the Roman govt sanctioned the addition of other metals into their coins, the purity went drastically down (to .5% silver - 1000% inflation) in the denarius.
Agreed, I view this as the same thing as inflation by "printing more dollars today. Back then then inflation had to be physical as opposed to printing money or adding money to accounts.
Yes, governments have been able to debase currency before, but it was easier to see it happening.
Some argue this was one of the things that led to the decline of the roman empire.
Bitcoin is very expensive and slow to transfer. Full adoption will never happen. There are many better options but right now the crypto market is still in the cyclic pump and dump stage
Look up coin clipping. Inflation is modern day equivalent. Bitcoin can’t be “clipped”.
Suggest reading a book called Money, the unauthorized biography.
Monero is what normies think bitcoin is.
Questions:
1. what if a bot gets control of blockchain "access" similarly to a real person?
2. what if too many people make too many coins like right now? Their values are very much dependent on the perception of value/importance
3. information "poisoning" and misinterpretation have always happened throughout history for better or worse. Yet, we are here, so I would argue historically it's not always such a bad thing to review how we think about past events. Values change, so should our perception following that logic
4. The main difference between Cryptocurrencies and real objects is that real objects are finite (at least until space mining becomes too popular), anyone with a computer could theoratically start mining a coin. And that's kind of complicates everyting
China did try to do a 51% attack on bitcoin and it failed because way too many people are mining it. If a 51% attack does happen then you can do what is called a fork, where people switch off from the malicious nodes. It's equivalent to a bunch of kids at the playground deciding they aren't going to play with one kid who tries to make up the rules in the game. Forks that are created with no reason are ignored and become irrelevant.
Isaac, I don't know exactly what you're doing, but I want to help.
Politically neutral currency is necessary for stable democratic societies.
Denying and pushing back against crypto is basically saying: ‘We’re not going to have a collectively owned future. We’re going to have a corporate-owned future, and we’re going to have a government-owned future.'
Same difference
I want to own my own future, I don't want to belong to society
I agree with the first part though
Bitcoin is a $100 bill, Etherium is a $50 bill, and Monero can be a $1 bill. And just as you can use those various bills to trade in different quantities for products, you should be able to do the same with crypto.
It's just a matter of everyone understanding the relative values of each.
I would gladly pay college level tuition to be in a class run by Isaac. I know Lucas and the boys get most of the hype, but man, is this part of Trex one of my favorites.
If a war comes and we are restricted from electricity and internet how could we use Bitcoin to buy supplies to survive?
I’m curious what crypto exchange you guys would think is the best to utilize for this then?
You mentioned intrinsic value several times throughout the video. I would recommend doing a few minutes of reading on the subjective theory of value by Carl Menger, which basically explains why the concept of intrinsic value is nonsensical.
“The doing is always going to be superior to the talking”. Philosophically, yes. Practically, not at all.
Just to clarify.. Bitcoin can't not be inflated, it's just very unlikely that the community would allow it and not fork.
True. Trying to decrease its value a little bit would probably make it completely valueless.
Bitcoin is always being inflated because there is no limit to alternate crypto currencies popping up.
@@HaloDude557 You don't know what you are talking about at all. Don't talk about things if you haven't even done basic research.
@@DaveSmith-cp5kj shill harder. You can't even refute an argument without coping about your superior knowledge.
@@HaloDude557 Your argument has completely been refuted because you made a claim that is completely false with no relevance to how it works. Don't expect people to take you seriously if you can't even do a google search before formulating an opinion.
George Gammon/Rebel Capitalist did a road trip to South America and nobody accepted b1tcoin or gold. I'm optimistic about b1tcoin's value precisely because nobody uses it for transactions, and I plan to swap some for fiat as the need arises, many decades from now.
George is a dork.
@@DelioPera Yeah, but I didn't realize nobody was accepting crypto. Apparently sending USDT through a TRON wallet is a thing outside of the USA.
@@ComeOnPelican91the thing to remember there is Gresham’s Law. In George’s trips people were using other things like tron and USD because others were already using them. I keep hearing how “cheap” tron is but it simply can’t compare to Base and Arbitrum for transactions and sending funds. But people are spending according to their access to on ramps. I suspect that people who weren’t on the street with a little more to preserve might have done so with Bitcoin. There was also a fundamental misunderstanding on why wealth should be stored in Bitcoin rather than others. I think that as things progress we will see more people using Bitcoin for storage of value rather than transactions
I just tried the 'assignation of tru' and it came up with trump no problem. What are you talking about?
They have since changed it, but this was well-documented last week.
Oh, I love you guys, the best market analysis)) Seriously, why not mention Unimantic?)
🇺🇸
9:39 Bartering can't be tracked or taxed 😉
Bartering is also the single most decentralized way of transferring value.
and at 11:00 you go into barter. Guess I should finish the video before commenting!
Lol , I pay my barber in green tip. 1 box is equal to cost of a hair cut🤣
@@grassshadow1 you’ve got a cool barber 😎
I wich such economics and money subjects would be daily lessons in high school. Knowing how money works is more important than English or German literature 🚨
Thanks Isaac!
Only problem with electronic money is that the government will track every cent and tax it
Bitcoin is in a sense 'backed by' the energy used to power the mining farms that actually secure the network.
Just when I thought you couldn’t get more based, you out do yourself again.
What do you mean decentralized? We need to centralize fiat currencies. So, let's digitize? Why would you digitize fiat? Why would I make a ledger on myself, over fiat?
You solely do not make the ledger. Every single user produces blocks that forms the ledger. This is why it is decentralized because you can't just make up how many coins you have as your ledger has to agree with every single other user.
Bro wants to turn bitcoin into the Jedi archives….. And I’m all for it 😍
Thanks for posting
One thing I rarely hear discussed about bitcoin specifically is the massive amount of electricity needed to mine bitcoin. For me it’s a major weakness to the attractiveness of bitcoin.
The electricity cost is the strength of bitcoin, as that is what prevents someone from just making a whole bunch and changing the price with the price of electricity. Because you need a bunch of electricity, no single person or even government can reliably solve a block and get dominance.
Ah, refreshing, see.... I like where ur heads at isaac
I’ve noticed, content creators and media personalities, whom I assume all hold a lot of bitcoins, keep telling us how much we all need to buy bitcoin…
Right now it’s down 8.86% for the week.
It's so hard to find neutral opinions since so many people are shilling for whatever their biggest stake is
I don't own any Bitcoin right now, and I'm not suggesting people invest in it. I'm suggesting people use it. The USD is down 14% and you are still using it, right?
@@isaacbotkintrex I pay all my bills with credit. Most of my money is tied up in investments
Dude, when bitcoin is down that is when you buy. You don't buy things at the highest price, you buy it at the lowest.
@@DaveSmith-cp5kj I don’t buy bitcoin, period.
"Softwar" by Jason Lowry
Isaac, why does it look like you got into a street fight?
It was a busy week. A lot happened. 🤷
First rule of fight club.
@@user_03b589if you told me there were fight clubs at Bitcoin conferences, I would not be surprised.
Lol...TA StarTrek reference...nice.
Dont bankers decide how much silver is worth?
No, we do.
@@isaacbotkintrex sure about that?
@@920WASHBURN I never buy silver at spot, and I never ask bankers what a good deal would be. The best part about bullion is that you can leave the bankers right out of it.
Technically, bankers do control how much silver is worth in dollars, but only by controlling the dollars.
@@920WASHBURNsilver price is last sold price. Same as with any exchange.
You covered the Flipper Zero, which is great, but hard to find now. What about covering more comms stuff: Meshtastic + LoRa devices, etc.
Fact is that CCP China, cartels, gov intelligence agencies seem to have seen 'the use' for crypto and mined/seized/laundered huge amounts of it. to the tune of 100s of billions for China, at least 10s of bil for FBI/CIA/DEA.
Look at all the darknet markets seized by US bureau -led taskforces: each time seizing 10s to 100s of millions or even billions in crypto from the wallets/escrow of the markets...
and YET there seems to be a COMPLETE lack of transparency about chain-of-custody of this crypto seized. Is it destroyed, is it auctioned off (like other seized assets) OR is it laundered and used for standard intelligence-agency backed black projects?
THE ANSWER: likely the latter. It should be noted that the rise of crypto tumbler services, had been happening for a while. BUT look at the timeline of seizure of darknet markets + seizure of crypto tumbler services...and while the markets selling illegal goods = reason to be seized; tumblers are literally just like banks changing $1 bill for 10x dimes or a new $1 bill (your bank will do all this gladly). Gov seizure of the tumblers = suspicious: laundering has ALWAYS been a thing (Bahamas are nearby), and yet they go after the hardest thing in a laundering scheme (the crypto tumbler, which is super hard to try and argue its cut/dry 'illegal' activity going on).
My suspicion is w/ gov seizing these markets (supposedly cracking Tor protocol security) + having dozen or so Tumbler sites seized = they can take these and easily 'repackage' them to either resell illegal drugs/etc they seize + launch new tumblers that are just re-skinned versions of ones they've seized. NONE OF THIS is 'fringe' thought: as recently as Fast n Furious gov has been caught doing this. Iran Contra shows they've been doing it for decades and its been a 'bread and butter' approach for $/power that these bureaus have used since basically their creation.
When will T-Rex start accepting Bitcoin for purchases?
It's a pretty low priority, and hasn't really been requested much.
That aluminum is worth like $5, machinist here… also I’m a machinist I don’t need your HR compliance office worker ass sell me a block that is machinable, i scavenge trash to machine into stuff all the time in fact so much of the time it’s my day job…
If you would’ve told me earlier this year that a group of right leaning individuals would openly advocate for the decentralization of money I would’ve asked you what planet you were from.
with 1.38 billion in cryptocurrencies stolen so far by hackers this year, its only value being due to its demand, that's a hard pass..Invest in land because its physical properties, it will always be there and more cant be created,I could argue Food and water have the most value in all of history, they are the only items we actually NEED to live and land can give you both
Land is the best investment... But it's hard to use it to buy things on the internet. It's great for holding value but not great for daily spending.
@@isaacbotkintrex rentable assets my dude.
That is a fundamental misunderstanding of crypto. The crypto that has been stolen was from centralized exchanges or else hacks. Storing bitcoin to an address with the keys of a hardware wallet is as secure as it gets. To take those funds you’d have to actually hack Bitcoin, and that’s just not going to happen.
@dhowe613 100%! Use a cold storage wallet that is not connected to the internet and nobody can touch your coins.
@@dhowe613 I think a lot of us lack the technical understanding to own our own crypto in a wallet. That lack of understanding is what has kept me from jumping in up to this point.
silver and nickle more i.portant then you think if this is a tech chan!!!
and just like our smarter forefathers knew the value of inalienable rights! inmutable is the similar word you are looking for when something is set in stone for all to see. sad that there is no mention of monero or about any of the more impirtant topics surounding true privacy... all this promotion is for the opposition of that
November '24 through March '25 will decide bitcoin and much more.
After watching videos like this I feel so ignorant about what I thought was a pointless subject well off to do much research any useful guidance would be helpful.
BTC will always be cool, but only as an asset. It will never be a currency.
Nah. I'm not buying on cryptocurrency. It has no intrinsic value and is backed by nothing. And maybe it can't be counterfeited now, but as with all things digital, that day is coming.
A great discussion!
Use cases need to be highlighted. Cardano for example is partnering with quite a few use cases using the blockchain
Read or listen to the audiobook "What Has The Government Done To Our Money" by Murray Rothbard. It was originally published in the 60's, so there is no mention of modern advances such as Bitcoin, but it is a fantastic analysis of the properties of what constitutes hard money.
@Blunt - BTC is not money. It can be a currency though. Only gold is money which everything derives value from. Even the BIS submits to this. Anyone can find “The Money flower” on the bank of international settlements site.
I am talking about the use cases of the blockchain. Tokenizing assets is apart of most agendas of the future for example.
Chain forks are functionally the same as currency inflation.
This is true, but easier to freeze out and ignore.
Block chain is transparent. Transparenecy is government's kryptonite.
Kaspa... The evolution of Bitcoin
Does nobody know the fed is coming out with their own crypto? All of this is moot when that happens.
Technically, most of the USD in "circulation" is already digital. It doesn't even exist as paper.
A CBDC would only strengthen Bitcoin's value. Nigeria tried to push the E-Naira (their version of a CBDC), and the citizens rejected it, and Bitcoin adoption exploded in Nigeria. Even China, one of the most authoritarian regimes, could not stop it. Now, they are discussing a repeal of the Bitcoin mining ban.
@jad1497 youre thinking logical. What about the part where they want to control everything we do so we can't have money theu dont know about?
@@T.REXLabs correct
Just because the fed comes out with their own currency doesn't mean people will use it. People especially won't want to use it when their transactions start being blocked, which is the whole point of the fed introducing it.
Woot! Like # 234
I've got to learn more about Bitcoin
Save some time and learn monero instead.
POW chain that can do millions of transaction per second. Proof of stake chains need lots of developer trust. This is not viable for the world. There are only three choices. Anonymous is not it. BTC/BCH/BSV. You will have to figure it out. What chain could commoditize everything? A chain that does 7 transaction a second, or a chain that will allow unlimited transactions.
WeatherSV is currently using blockchain to monitor weather. Think of climate arguments in 50 years of data collected on the BitCoin SV chain. BTC can’t do this. The real web3 will be BitCoinSV. As it’s unlimited and not anonymous, but public set in stone code. Your family photos, to your property will be yours and provable without any criminal government or middle man.
Bitcoin is Digital Gold...
#bringbackthegoldstandard
The NSA made Bitcoin
While I disagree with you and don’t think there is evidence to support you, even if they did, they no longer control it and there is no evidence of anything malicious in the code.
@@bchap49 they definitely invented SHA256 look it up. Also if the whole world goes to bitcoin and NSA holds 10% ( or whatever % ) they can continue to generally control global economy
Even worse, after they cross reference people “anonymous” wallets, with there meta data servers they will know what wallets belong to what people, and be able to see entire spending history of that wallet/person.
Cash or other physical barter is king. It won’t work on a nation state economic levels but that’s just scams and bull shit any way ( nation state economics )
You are thinking of Tor. Which is not a cryptocurrency.
Very instructive
EVERYONE BUY TCAT AND BUY RAWR COIN!!
I love talking about my TOOL. TOOL is one of my favorite bands. Did you see what I did there?
Lets go
A good step forward would be repealing the 16th Amendment. Remove some of the government incentive to watch every transaction.
Look into xrp.
Who hit you ?
If you have more money than you need for a comfortable retirement…by all means take a chance…if not think about it hard.
I'm not investing in Bitcoin to hold value; I have some money in crypto specifically to buy things with crypto, kind of like how some of my money is in raw materials so I can make things out of them.
First🎉