DAN HELD: The Unstoppable Power of Bitcoin: How To Understand The Crypto Supercycle
London Real
Brian Rose
4.4 • 1.9K Ratings
🗓️ 15 December 2021
⏱️ 61 minutes
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| 0:00.0 | Bitcoin isn't just like technology, it's not like a new weather app, it's not a new social |
| 0:06.5 | network. |
| 0:07.5 | You have to think about governance, public private key cryptography, economics, game theory, |
| 0:13.2 | physics even with Bitcoin's proof of work mechanism. |
| 0:15.9 | Bitcoin is this pure digital goal that there isn't really another competitor to it. |
| 0:21.0 | What's the monetary policy of the dollar? |
| 0:23.0 | I don't know. |
| 0:24.0 | I mean, there's sort of inflation targets kind of, but then they move those goal posts |
| 0:28.0 | and there's all sorts of changing objectives of the Fed. |
| 0:32.2 | And what's Bitcoin? |
| 0:33.2 | Bitcoin has a 21 million unit hardcap. |
| 0:35.6 | There will only be 21 million Bitcoin ever to exist and fixed them out. |
| 0:39.3 | That's interesting. |
| 0:40.3 | No, that's actually the breakthrough. |
| 0:41.8 | I think that's the beauty behind Bitcoin is that 21 million hardcap that monetary policy |
| 0:47.0 | is totally different than everything, including gold. |
| 0:49.6 | Yeah, and it's really never happened in human history because every monetary system ends |
| 0:55.6 | up becoming inflated because people print more because they usually make emotional decisions |
| 1:01.4 | that are subjective. |
| 1:02.9 | Sometimes subject to political waves. |
| 1:05.5 | In that precision, in that monetary policy, builds trust and builds trust in a way that |
| 1:11.3 | gold can never have. |
... |
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