Sooo tell us..what needs the Bitcoin price and block subsidy need to be in 2036 so miners still will be in profit so they can protect the network. If they get paid enough and quit, there will be no more network. The only answer you get is. " It will go up"
As the price increases, so does the incentive for the miners. As the price decreases, the mining difficulty of bitcoin decreases, thus making bitcoin production easier. This all happens as the supply of btc decreases over time. Hence price goes up
I’m 66, stacked gold 20 years, started stacking sats early (mtgox) lost some, sold some, mined some. So you can teach an old boomer new tricks. A few years ago became convinced it is the future of money. The apex asset as Saylor says. Sold all my gold and silver for bitcoin. Better in one year than gold in 30. In all that time, trying to orange pill hundreds (from before orange pill was even a thing) it got through to maybe two. We are still so unbelievably early.
Hi Guys, I just turned 77 this year and have two small businesses here in northern Canada. About 75% of my wealth is in Bitcoin. I first started buying about 12 yeqars ago. It has been one hellava educational, interesting and exciting journey.
Nice bud. Congrats and way to set the example. I am 59 and I can’t find anyone I know in it and I am putting adult kids into it. It’s a little lonely right now but will keep talking about it
I too have tried so hard to tell my family and friends about this new way and non of my family listened, some friends did but not enough: I feel sorry for them and I am going to be 80 years old in a few months and I am truly grateful and excited to be part of this amazing community. You are never too old to learn new things. I would like to know if there are any other women my age here with us. Hang in there we are in the right place.
I've been investing since 1986 and I've missed out on Apple Microsoft home Depot Amazon you name it I'm even late to bitcoin but I'm not too late it's math-based and I think that makes it a winner and in the end I think I can be a winner!! Thank you Fred And bram great video.
"I think if you approach it as a new method of payment, you miss it. It's a new unit of account." Great explanation by uncle Freddie. Friends know that I know about Bitcoin start asking me my takes on other Crypto's. I try to tell them that other Crypto's are trying to solve other problems. They're not trying to BE money. I get blank stares as their brain hits a 404 error.
Good man 😮. I'm 63. I discovered it in 2021. Put in more hours than I can calculate to get my head around it. Once I got it and gained a deep conviction, I switched a lifetime of savings and investments into BTC. Like everyone, I wish I was earlier!!! 😂😂😂
I enjoy these videos so much more than the typical, “Bitcoin is zooming to the moon … it’s parabolic!” Videos! It’s nice to truly learn about this technology and understand why we should be investing our fiat money into it!!
To be clear, I thought the bitcoin is on the blockchain and your seed phrase is on the wallet. Your explanation will cause fear of lost wallet equals lost bitcoin. Am I correct in how I think this works?
Another awesome guest. Excellent questions again mate!! You're doing so well, keep up with the great work, it's really appreciated!! Bitcoin is hope. Cheers
Great Conversation I enjoyed it thank you for doing it. I think I need to also go do the Power law rabbit hole deeper. When you discussed the power law effect in several different aspects of the Bitcoin network (all now happening at once) the penny dropped a lot more. And pre S curve ! Wow nice. Thanks once again
My favorite quote is "Maybe you say: Fred, I kind of 10% believe you. Fred: Okay, great. Well, 10% is probably enough." I certainly have a higher conviction that there are serious issues with the US financial system and its future. However, I am not in a position to place a larger bet that Bitcoin is the winner so ~5-10% is where I've been.
Most people understand the Power Law about as much as Cardone understands Bitcoin. This thing is WIDELY misunderstood! Even Livera told me the Power Law isnt useful. I think its the only model that has use. BTC is a Universal Power Laws measure these.
Annoying to think I was almost talked into BTC in 2013 on a visit in Buenos Aires but bought it in 2017 and sold some in 2019. Fortunately I haven't sold any since that date other than a tiny fraction for trading.
Bram, another great show… I wish you’d asked frank if there was a power law for the stock market… be interesting to see how that differs from BTC. Thanks. graham
Wait till you get a load of Yusko... now that is a man who loves the sound of his own voice. Fred and Yusko are insightful, and Fred is brilliant... so I can live with the long wind.
All Bram says in response to Fred is yep. Bram interviews fine. Fred interrupts a bit but hey,none of us are perfect. Interviewing people would' nt be easy.
I own Bitcoin but the one thing I always worry about is why would the government allow us to have something that gives us financial Independence. Something that goes around the banking system.i don't trust them to let it happen. .
I agree with Fred at least 70% BTC 30 % something else because when you need the $ if BTC you have to sell . First if you hold less than a year tax 50% in Australia and the price of BTC maybe not high at the time? You have no choice but sale for the need. So 30% for something else so you can get access easier without loosing the money.
100% agree. There will never be another Bitcion. But just which one of them? Should we buy Bitcoin Cash, Bitcoin Gold, Bitcoin Classic, Bitcoin Diamond
U know....U know...U know.....U know...... U know....U know...U know.....U know...... U know....U know...U know.....U know...... U know....U know...U know.....U know...... U know....U know...U know.....U know...... What are they talking about????
What happens to it when electricity goes out even for a week? I imagine gold will still be there, but after solar flair and black-out no matter how small potentially all that crypto electronic stuff will be a mess at best or gone forever quite possibly.
12:19 „Bitcoin can be stored just in a wallet…“. That is not right technically. It´s BTC stored in the Bitcoin blockchain and your wallet is the signing device which helds your keys/seed phrase. That is why its so easy to setup a new wallet with the same seed phrase in case… because NO ‚BITCOIN‘ IS ON ANY WALLET. ;)
Subscribing. Want to share a criticism about letting the guest speak more. There was a tendency for you to talk before they finished the thought but I see much potential in your abilities here.
Energy company's mining bitcoin to mop up stranded energy. That's the aspect of bitcoin that most do not talk about. The tech on top of bitcoin will developed over time. Proof of work and a high value digital money made of energy.
49:15 I would assume Fred should know that you don't really hold Bitcoin. Wonder why he chooses to use those words since they make him sound like he is the one that doesn't understand. The concept of "holding" bitcoin is different in a lot of ways and is potentially even more secure. The only thing you depend on is the network's existance and remembering the information. Its like you know where the treasure is burried at and how to open it, and without the information it is impossible to do so. In a way its more secure than holding gold because you cannot steal it, on the other hand you can always access the burried treasure and move it wherever, whereas gold you cannot. Existance of bitcoin is different in every way and its important to be clear communicating how so. As long as we don't, people will stay ignorant and run away.
i don’t see or hear of anyone trying home for goods so that makes gold irrelevant gold need to be exchanged for currency before it can be used to purchase anything
DON'T forget ETC it will be # 2 most Valuable POW With Smart contracts , actually should have much more value as its smart contracts are inside of ETC....
@@bramk yes I agree, however bitcoin is heavily influenced by the fiat price of electricity also. If technology advances to ultra cheep energy, the cause to miners will go way down and the market will fall relative to the decrease. There are other factors besides demand remember that.
@@JULIOMENDONCA I don’t disagree but global interruption to power supply like solar flares and supply shortages of asig miners at the wrong time when a large number of miners go down will all effect the value of bitcoin in a negative way. Bitcoin is the strongest money but it is not invincible.
Did you guys speak of Larry Fink in a good light? That he became a capitalist and now he's a great guy because he now likes BTC? Are us freakin kidding me. Larry Fink is a freaking conquistador. He gives a new meaning to greed .
Love the show but couldn’t finish this one. Fred Krueger is the most annoying person in bitcoin imo. I get theres a lag over zoom but every time I hear him talk over someone it’s unbearable
People are so dumb. Do you want a SOV that goes up in value or stays the same. If you want a SOV, buy GOLD. Buy REAL ESTATE. I prefer to own somethng that goes up in value compared to those things.
Sure bro. When it was $450 8 years ago where you saying that too. 150x to $65k. Less than 1 percent of people utilizing. What happens when 10 percent utilize. Damn I love dumb people like you. I take all your money
Host, please stop shoving your one liner reactions to everything; you’re cutting off like every other thought this man has, and I’m not here to watch a reaction video.
Once someone truly understands Bitcoin they realize they can never have enough. There is no second best.
I seem to be always learning...
I understand BTC - it follows NASDAQ
Sooo tell us..what needs the Bitcoin price and block subsidy need to be in 2036 so miners still will be in profit so they can protect the network. If they get paid enough and quit, there will be no more network. The only answer you get is. " It will go up"
@@rubr949 allow the free market of competition and demand to do its thing. that's the point. it's freedom money. it will be adopted or die
As the price increases, so does the incentive for the miners. As the price decreases, the mining difficulty of bitcoin decreases, thus making bitcoin production easier. This all happens as the supply of btc decreases over time. Hence price goes up
I’m 66, stacked gold 20 years, started stacking sats early (mtgox) lost some, sold some, mined some. So you can teach an old boomer new tricks. A few years ago became convinced it is the future of money. The apex asset as Saylor says. Sold all my gold and silver for bitcoin. Better in one year than gold in 30. In all that time, trying to orange pill hundreds (from before orange pill was even a thing) it got through to maybe two. We are still so unbelievably early.
Thanks so much for sharing! Love reading perspectives like this. 🙏
Hi Guys, I just turned 77 this year and have two small businesses here in northern Canada. About 75% of my wealth is in Bitcoin. I first started buying about 12 yeqars ago. It has been one hellava educational, interesting and exciting journey.
Amazing! Thanks for sharing
Nice bud. Congrats and way to set the example. I am 59 and I can’t find anyone I know in it and I am putting adult kids into it. It’s a little lonely right now but will keep talking about it
I too have tried so hard to tell my family and friends about this new way and non of my family listened, some friends did but not enough: I feel sorry for them and I am going to be 80 years old in a few months and I am truly grateful and excited to be part of this amazing community. You are never too old to learn new things. I would like to know if there are any other women my age here with us. Hang in there we are in the right place.
@@FRENCHIE-k2y LOVE TO READ THIS
Awesome 🙌
I've been investing since 1986 and I've missed out on Apple Microsoft home Depot Amazon you name it I'm even late to bitcoin but I'm not too late it's math-based and I think that makes it a winner and in the end I think I can be a winner!! Thank you Fred And bram great video.
Thanks for sharing!
Don't forget Nvidia
@@MrBob1984 thanks Bob you're killing me!!lol.
If you’re investing now … today, you’re not too late!!! #HODL
"I think if you approach it as a new method of payment, you miss it. It's a new unit of account." Great explanation by uncle Freddie. Friends know that I know about Bitcoin start asking me my takes on other Crypto's. I try to tell them that other Crypto's are trying to solve other problems. They're not trying to BE money. I get blank stares as their brain hits a 404 error.
I'm 61 and have been in BTC since 2012
Noice
That’s why you look happy and strong 😂
Good man 😮. I'm 63. I discovered it in 2021. Put in more hours than I can calculate to get my head around it. Once I got it and gained a deep conviction, I switched a lifetime of savings and investments into BTC. Like everyone, I wish I was earlier!!! 😂😂😂
What’s your allocation %. ?
I’m 61
Woow love to read this!! 👏👏
I remember when Bitcoin was $12, and I thought I had missed the boat... Now I wish I had bought a few coins.
If you change your basis to think of sat’s as coins you’re still early.
I enjoy these videos so much more than the typical, “Bitcoin is zooming to the moon … it’s parabolic!” Videos! It’s nice to truly learn about this technology and understand why we should be investing our fiat money into it!!
I love Fred! Makes me bullish, that still so few people are into bitcoin.
15:25 Bitcoin can’t be in “3 wallets at the same time”. One can have 3 copies of their wallet though. The coins are in the same wallet addresses.
Correct
Great interview. Well done both of you!
Thank you Tim!
great conversation. Fred enriches the bitcoin space very much!
To be clear, I thought the bitcoin is on the blockchain and your seed phrase is on the wallet. Your explanation will cause fear of lost wallet equals lost bitcoin. Am I correct in how I think this works?
Thanks Bram!
Thanks Fred!
Thanks for watching Frans!
So happy that I apply some of Fred's advices, like trying around wallets, making small transactions, thinking about words storage ...
Great show. In a bus driver and now investigating in BTC using Strike direct deposit from my salary
Amazing!
I enjoyed your interview. Great, quality, guest. AYou could sum up the whole hour in the words of Greg Foss: Do the work!! 😂😂
Thanks Mark!
Enjoyed the Interview. Fred is the Ultimate Absent Minded Professor! a Modern day Columbo!
Really powerful insights. Thank you.
Glad it was helpful!
Buying Bitcoin is a fool's errand. Over the last 3.5 years my checking account outperformed Bitcoin!
Could listen to Fred's musings on Bitcoin all day.... 😊
What? you'd listen to a boomer? lol
Great interview, Bram. Subscribed, keep it up!
Welcome aboard!
I believe in BTC and the power law and math. I will continue to HODL for at least an additional 10 years..
Interesting, good to have a older persons perspective, like me.. older
Being 12 and underage the only job I get was working in Satoshi btc mine.
Another awesome guest. Excellent questions again mate!! You're doing so well, keep up with the great work, it's really appreciated!! Bitcoin is hope. Cheers
Thanks! Will do!
Great Conversation I enjoyed it thank you for doing it.
I think I need to also go do the Power law rabbit hole deeper.
When you discussed the power law effect in several different aspects of the Bitcoin network (all now happening at once) the penny dropped a lot more.
And pre S curve ! Wow nice.
Thanks once again
My favorite quote is "Maybe you say: Fred, I kind of 10% believe you. Fred: Okay, great. Well, 10% is probably enough." I certainly have a higher conviction that there are serious issues with the US financial system and its future. However, I am not in a position to place a larger bet that Bitcoin is the winner so ~5-10% is where I've been.
Most people understand the Power Law about as much as Cardone understands Bitcoin. This thing is WIDELY misunderstood!
Even Livera told me the Power Law isnt useful. I think its the only model that has use.
BTC is a Universal
Power Laws measure these.
Annoying to think I was almost talked into BTC in 2013 on a visit in Buenos Aires but bought it in 2017 and sold some in 2019. Fortunately I haven't sold any since that date other than a tiny fraction for trading.
Everyone has this! ;) i bought at 200-400, sold it all at 4000. Now I have less than before 😂
Fred is tough to have a conversation with. Great job chugging through this!!
Ty!
Thanks
🙏
Fred says we are not living forever , only time is more valuable than bitcoin
Don’t forget to live while focusing too much on bitcoin
Bram, another great show… I wish you’d asked frank if there was a power law for the stock market… be interesting to see how that differs from BTC. Thanks. graham
Good question! I would assume there is not a power law for the the S&P haha
Can you ask him? It’s a very human activity so why not a power law? 🙏🆒
Great discussion, “you know”
Max Keiser !!!! No fuller on bitcoiner in my age bracket!! I think it's the visionaries. Not that many of us around. I was waiting for it !!!
Max is coming ;)
Great interview Bram. Unfortunately Fred interrupted you too much but so many of these guys can’t wait to talk 😂
Fred is interviewed so he needs to talk.
@@p.m.8316 He was being sarcastic
@@homelessmillionaire1 ok
Haha
Wait till you get a load of Yusko... now that is a man who loves the sound of his own voice.
Fred and Yusko are insightful, and Fred is brilliant... so I can live with the long wind.
Fred rocks. 👍
Thank you for the great lesson.
Glad you liked it!
♾️/21Ⓜ️
🫡
IT WILL GO UP TILL THE GRID GOES DOWN , THEN WHAT DO U DO?
Carry my shiny rocks around?????
Paul. What do you do when your cable goes out? Cry??
This was great. Just try to listen more rather than acknowledge the guests comments mid sentence. Good podcast format
All Bram says in response to Fred is yep. Bram interviews fine. Fred interrupts a bit but hey,none of us are perfect.
Interviewing people would' nt be easy.
Agreed haha - try talking with Fred, it’s hard! But I liked this convo
Great video
I own Bitcoin but the one thing I always worry about is why would the government allow us to have something that gives us financial Independence. Something that goes around the banking system.i don't trust them to let it happen.
.
Perhaps because the govt. knows the existing system is broken beyond repair but they are unable to tell anyone (for obvious reasons).
@@kenb5279 Ken that's a good point and I will definitely give that some thought thank you
That is why this is a fight
That is why you should self custody.
Well, done guys!
Ty!
I agree with Fred at least 70% BTC 30 % something else because when you need the $ if BTC you have to sell . First if you hold less than a year tax 50% in Australia and the price of BTC maybe not high at the time? You have no choice but sale for the need.
So 30% for something else so you can get access easier without loosing the money.
Counted 1,113 “you know” from Fred on this podcast alone
7:38. Yeah there was. Still are.
Great show
Happy you enjoyed it! 🙏🧡
Great show, thank you!
Glad you enjoyed it!
great interview!
Happy you enjoyed it! 🙏
100% agree. There will never be another Bitcion. But just which one of them? Should we buy Bitcoin Cash, Bitcoin Gold, Bitcoin Classic, Bitcoin Diamond
Bitcoin
@@bramk but why. All the rest is the same . All are limited to 21M, so what makes Bitcoin so different from Bitcoin?
The adoption by everyone else. Bitcoin. BTC only.
It will reliably go up and down, because the big money is trading it
U know....U know...U know.....U know......
U know....U know...U know.....U know......
U know....U know...U know.....U know......
U know....U know...U know.....U know......
U know....U know...U know.....U know......
What are they talking about????
I guess all of the Bitcoins go over 1M before this summer. You can buy any of them and be rich
What happens to it when electricity goes out even for a week? I imagine gold will still be there, but after solar flair and black-out no matter how small potentially all that crypto electronic stuff will be a mess at best or gone forever quite possibly.
You will have different problems 😂
Great interview! Ty
Glad you enjoyed it Jason!
12:19 „Bitcoin can be stored just in a wallet…“. That is not right technically. It´s BTC stored in the Bitcoin blockchain and your wallet is the signing device which helds your keys/seed phrase. That is why its so easy to setup a new wallet with the same seed phrase in case… because NO ‚BITCOIN‘ IS ON ANY WALLET. ;)
Bitcoin is the Trojan horse to the average person, not a Trojan horse to the cbdc.
why not invest everything you have in the best performing asset?
I know right??
Subscribing. Want to share a criticism about letting the guest speak more. There was a tendency for you to talk before they finished the thought but I see much potential in your abilities here.
Thank you! Learning as I go :) check out previous episodes too!
Very good thoughts and interview.... thanks
Happy you enjoyed it!
Cavemen were surprised when they first discoverd fire. Same thing.
Bitcoin is where the conceptual overides the tangible
Listening to Fred, he doesn’t sound like he’s 100% sure about Bitcoin. If you Listen to Saylor, you know he’s all in.
BTC bounced back from low to this high this year, Eth is bouncing back to but not the same rate . So is Sol so far
Energy company's mining bitcoin to mop up stranded energy. That's the aspect of bitcoin that most do not talk about. The tech on top of bitcoin will developed over time. Proof of work and a high value digital money made of energy.
I like Fred interviews. Hes so Bullish.
49:15 I would assume Fred should know that you don't really hold Bitcoin. Wonder why he chooses to use those words since they make him sound like he is the one that doesn't understand.
The concept of "holding" bitcoin is different in a lot of ways and is potentially even more secure. The only thing you depend on is the network's existance and remembering the information. Its like you know where the treasure is burried at and how to open it, and without the information it is impossible to do so. In a way its more secure than holding gold because you cannot steal it, on the other hand you can always access the burried treasure and move it wherever, whereas gold you cannot.
Existance of bitcoin is different in every way and its important to be clear communicating how so. As long as we don't, people will stay ignorant and run away.
Fiat, bitcoin and Gold will all be pegged together.
Nah
Fred, cannot really listen very well. Pity. Hé avoids the central question, why power law?
i don’t see or hear of anyone trying home for goods so that makes gold irrelevant gold need to be exchanged for currency before it can be used to purchase anything
Or you can make your own coins 😂
like this guy more and more eacxh ime
What happens to social security?
It dies when the dollar dies - the money need for it does not exist. Check the bottom right number on usdebtclock.org
DON'T forget ETC it will be # 2 most Valuable POW With Smart contracts , actually should have much more value as its smart contracts are inside of ETC....
Lol
You know. You know? You know!
I know
you know
I know
Long term debt cycle frauds need somewhere to run
So what happens at the end of that 10 year time frame. What’s next after that?
Valhalla
If you think that Bitcoin is a peer to peer electronic cash system, you are missing what it is.
It makes no sense to write information from the real world to a blockchain.
Agreed
I don’t know where they are going with this but nothing goes up forever.
Fiat will go down forever though ;)
@@bramk yes I agree, however bitcoin is heavily influenced by the fiat price of electricity also. If technology advances to ultra cheep energy, the cause to miners will go way down and the market will fall relative to the decrease.
There are other factors besides demand remember that.
@@JULIOMENDONCA I don’t disagree but global interruption to power supply like solar flares and supply shortages of asig miners at the wrong time when a large number of miners go down will all effect the value of bitcoin in a negative way. Bitcoin is the strongest money but it is not invincible.
Did you guys speak of Larry Fink in a good light? That he became a capitalist and now he's a great guy because he now likes BTC? Are us freakin kidding me. Larry Fink is a freaking conquistador. He gives a new meaning to greed .
Watch my vid with Max Keiser ;)
@@bramk Will do
21:24 is the government going to take care of me?
How come you don’t get the concept of scarcity
Me or Fred?
Nightmare on Wall Street™
😂 😂 😂
Some of the interviewers's interventions are interesting. He just needs to suppress the parasite words like : yep, ya, hum. ....
Learning as I go :)
🎯🎯🎯
"How much do you love Lightning for spending your Bitcoin?" --- "YOU DON'T SPEND BITCOIN!!!"
Love the show but couldn’t finish this one. Fred Krueger is the most annoying person in bitcoin imo. I get theres a lag over zoom but every time I hear him talk over someone it’s unbearable
Gold bugs are the worst.
They will learn
Yeah well it's dumped again now!!
Sell it all
Bitcoin has problem in many countries because banks do not accept bitcoins.
You don’t need banks
Don’t be id10t 😂😂😂😂
I vink 😂
I vink 🔝
I vink its tough
Haha it is!
Any Nightmare on Elm St fans here trying not say something stupid?
They did already haha
wen moon wen lambo
Sooon
Really ?
Yes
People are so dumb. Do you want a SOV that goes up in value or stays the same. If you want a SOV, buy GOLD. Buy REAL ESTATE. I prefer to own somethng that goes up in value compared to those things.
Sure bro. When it was $450 8 years ago where you saying that too. 150x to $65k. Less than 1 percent of people utilizing. What happens when 10 percent utilize. Damn I love dumb people like you. I take all your money
Host, please stop shoving your one liner reactions to everything; you’re cutting off like every other thought this man has, and I’m not here to watch a reaction video.
My name is Bram ;)
Stop interrupting!!!!
Exactly! I noticed the same thing. When he improves his interview skills and is able to LISTEN, then I might subscribe
See you then!
Yeah see you guys then!! Geez, bloomen' heck, whats going on these days, just geez. Geez geez geez. Bloomen' heck guys.
Kruger is a scammer! Do your homework and don't give a platform in this space!