100 Trillion Dollar Bitcoin Catalyst

41 Comments

1. What are your thoughts on Bitcoin in 2019?

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7. I will never trust bitcoin

8. Bitcoin can be replaced, gold can not (at least for now) morons.

9. Bullish

10. Bullish!

11. All Digital Assets are Fiat!!! Physical Assets will rule in a digital world….. If Bitcon is 10k, Gold should be at 250k….. A blip on a screen can disappear instantly

12. all fiat going to zero war famine thurmoil civil unrest and war
    the idea for crypto is sound but in a world in chaos do you think something digital is the ultimate solution
    i am precious metals all the way made its proof over centuries

13. Bullish on XRP NOT BTC because of the settlement times and scalability

14. Men so far never ever able to create something which don't have any flaw. So just wait one day Bitcoin would have a flaw everything will become valueless. Middle class will lose more than other class of our society, so my advice to middle class is stay away from quick rich scheme.

15. bullish

16. How to add foreign subtitles to this?

17. The fundamental solution is a major overhaul of economics. Keynesian, Monetary, Classical, Marxian economics are all wrong and fundamentally wrong. GDP should be calculated with input and producer profit. Money theories must recognize fiat currency as a debt instrument and must recognize two barriers between reserve money and M2. The two barriers and bank loan process and budget approval process. Classical economics are based on the notion that all economic entities are economic persons, but it is impossible now because nobody can possess the information necessary to be an economic person. Marxian economics are based on fear of exploitation and market saturation. Both are wrong because (1) your experience at a work place is human capital accumulating in you and (2) market saturation will not happen if substantial level of inequality exists. High end earners will pursue happiness, and making them happier creates new jobs. Alan Greenspan thought innovation is price cut only, but pursuit of higher level of happiness is the bigger one. Simple? It is in fact simple. Both the economist and you guys are complicating simple things.

18. 18:00 That dollar has depreciated against gold does not mean something in your head. During the ten years after Nixson Shock, general price level doubled and gold price rose 15 times. Dollar depreciated by half, and gold price skyrocketed. These two facts should be accounted for separately because money value has something to do with the general price level, not gold. And said fact permanently disqualifies gold as a money base. Its value is not stable.

19. 15:15 The value of today's currency comes from owing. The promissory note to your name has its value because somebody owes you that amount. Its value deteriorates if the debtor is weak. Your CD has its value because the bank owes you. Its value deteriorates if the bank is weak. Your money has its value because the government owes you that amount. Its value deteriorates if the government is weak. Gold is not necessary now. Gold was necessary then because and only because the people then (erroneously) thought so.

20. 11:50 I looks, to you, like money because its price does not free fall. I want to remind you that even the tulip bubble continued for over ten years. Human follies go unchecked for a long time, from time to time. This folly goes long because established money theories are all wrong. It is not your fault to believe that way, but your thought is wrong. Bitcoin is not money and will never be money.

21. 9:15 Mr. Powell, that's simply not possible because bitcoins can never become a legal tender. No store receives a store card that was not issued by the store. No government can take bitcoin for tax payment because it was not issued by the government. Absence of this knowledge is not your fault because Milton Friedman was not clear with this, either. However, you have to know that this fight with bitcoin is your fight, not mine.

22. Xrp it's the new standard ,Bitcoin it's just a history ,it's a dead coin

23. 8:50 Currency is not a thing in itself. It is a certificate, and specifically is a debt instrument. Clear understanding of this fact will keep you from asking that sort of question.

24. 8:35 It is not a matter of competition. Suppose the corporation you own issued corporate bonds. If somebody unknown to you the same bonds, would you award it? You can pay tax with dollars because dollars are fundamentally government debt. You can never pay tax with bitcoin, because the government has nothing to do with it.

25. 4:08 Bitcoin is not like gold. Gold you picked up while walking around a lake and gold mined out after removal of a mountain value the same, because it has its intrinsic value. Difficulty of obtaining something does not make any value of it. A sandstone is a sandstone whether you got it from your back garden or you dug it out from 100 feet deep. Bitcoin mining is like a chess game, meaning nothing outside of the game.

26. 3:10 Big words are not necessary for calculating out 21k bitcoins. 50 bitcoins per 10 minutes x 6 of 10 minutes per hour x 24 hours per day x 1461 days per 4 years = 10,519,200 bitcoins (produced in first 4 years).
    Then times 2 makes 21k, according to summing of an infinite geometric series – a high school math. S = a/(1-r) where a = 10,519,200 and r = 1/2. Simple, simple trick.

27. "A black hole for fiat"… YES!!! ?

28. definitely bullish!!!

29. great video

30. Bullish!

31. Sorry. You will always have something controlling a system of money. Call it the bankers they have much more equity to control the masses and it doesn’t matter what you try to do.

32. I’ve watched this about 5 times and still love it, amazing seeing it all laid out. Great video!

33. Good video. Thanks. However you may need $1Trillion to buy a loaf of bread when all is said and done. LOL.

34. Rat poison squared ?

35. Minable GREAT VIDEO…. Totally Bullish….. the dollar will die!!!!!!!!!!!!!!!

36. if any form of government takes over the cryptocurrency system then they'll have the mark of the beast to control.

37. Yeah, well google the 2. informal definition of the word, "crypto" then let me know what you think?

38. I'm bullish on bitcoin, but for humans the hardest thing was and still is predicting the future, so I'm staying neutral on this one, we'll see what happens.

39. The 21m cap can be changed. But it is extremely unlikely to be changed.

40. i would love to keep everything i have in bitcoin but only if it wasnt so volatile

41. I have bitcoin. Gonna hold mine.

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