What is Money? And Could Bitcoin Be the Best One? | Jad Mubaslat | TEDxDayton

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Buy Bitcoin people, wake up educate yourself. Its a system for the people and not the state. Wake up.

AndyClaner

only 15k views ? this talk is still visionary by 2021's beginning... don't miss the bus

axelb

I would add, it doesn't matter who created bitcoin because the creator now cannot impact bitcoin in the same way a creator of a centralized project can.

MS

this guy read "the bitcoin standard"

FossickMedia

Great talk, so clear, no nonsense. Amazing how few times this has been viewed till today. There is so much ignorance...

guy

One of the best intro to Bitcoin talks.
Share with your friends and family as an easy to digest first introduction to Bitcoin.

bitcoinembassylondon

Very clear explanation, thanks! Now i know what to do to save my money!

jan.de.ridder

very good history of the monetary system

ivanbarbosa

To everyone who is thinking of starting their own business, believe in yourself and never give up.Your future self will be thankful

masonnoah

Why I like Bitcoin because of this 8:28

Uu

We seriously need to ponder the need of money and its functionalities.

hamza

The answer to the title is yes and it will be

cryptobra

Just want to know what happen to the value of Bitcoin if this limited amount of crypto currency by 2040 when half, or worst, most of them got lost and unrecoverable in the block chains through human mishandling them?

yinyang

Early in this game we are. Better learn how to confront your fear and HODL.

cuetheplanesound

I agree - but a few concerns.
1. Bitcoin can be lost (once lost cannot be recovered.) No means to recover the lost bitcoin.
2. There will only be 21 million bitcoin in the whole world with a population of over 8 billion. Already the bitcoin is in the hands of early adopters or with institutions. Which means the new comers cannot get any bitcoin unless they are in the top economic tiers in the society.
3. The price of bitcoin keeps increasing rapidly which makes it even harder for the next generation to lay their hands on unless bequeathed to them. Or they have to accept it as payment
4. By then, the value of bitcoin would be so high and the wealth distribution so unequal that the poor has to work for peanuts of bitcoin. doesnt make sense to me. for example - If I am a day laborer and need to get paid my wages, noone would give me a portion of bitcoin. The transaction rates are high.
5. Bitcoin doesnt work with illiterate people. Illiterate people can use all other forms of currency mentioned above, but very difficult to use bitcoin.
6. As time goes, bitcoin cannot be used for daily shopping etc. For example - Tesla started accepting bitcoin as payment. I would say that any person that is using bitcoin to purchase the car now(in 2021) is foolish. Because, considering that the person is buying 50000 dollar worth of car using 1 bitcoin (suppose 1 bitcoin is equal to 50 k today. It actually is 47K). I giving more to Tesla. Because the bitcoin, considering people's mindset will appreciate in value. If it goes to 100 K in the next year, the person that bought the car, just lost 50k and the car depreciated too.
7. from point 6, this will make the value of things inherently cheaper, as the value of bitcoin goes up.
8. Bitcoin is a digital asset that is not tangible. Its value is only perceived. For example if there are more sellers of bitcoin than buyers, the value would drop drastically. Doesnt make sense.
9. If there is another crypto currency that has the same features as bitcoin and another famous celebrity vouches for that, then bitcoin value could drop. (this is whimsical - but can turn out to be true)
10. If there is a big catastrophe, bitcoin would become worthless. People would prefer to have gold instead of bitcoin. (you can argue that you can hold bitcoin in your wallets. consider there is no connectivity, nothing - then a piece of gold or for that matter any commodity (bottle of water) would have more value than bitcoin)
11. Bitcoin can ACT only as a hedge. The moment it comes into circulation worldwide, it is doomed. And it cannot come into worldwide circulation. Consider governments accepting it.
12. Bitcoin for some crazy unforeseen reason may tank in the future, and may not hold any value.
13. Bitcoin can never replace actual currency totally.
14. Gold is regulated and inspite of that it is valuable. Consider bitcoin getting regulated - I dont think it can stand a chance.
15. Silly point- Lost gold can be found by some stranger and can be used to his/her betterment. Lost bitcoin is gone forever. Total loss.

Disclaimer: I am a small time bitcoin trader myself, but honesty dont believe in its longevity. I am just in for the short haul.

ChandraChandra-wxem