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Why Did School Never Teach You About Money? | Beyond Bitcoin · Simply Bitcoin

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  Did you ever notice how schools taught us decimals, dinosaurs,
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  and dodgeball, but they never told us where dollars come from?
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  And a lot of us think that Bitcoin is pretty simple. 21
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  million coins, decentralized rules, no rulers, all that fun
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  jazz. But understanding these
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  fundamentals isn't actually as important as you think.
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  There's a deeper story going on here, and before you even begin
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  to understand Bitcoin or think about talking about it to
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  someone, they need to know what system they're actually in in
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  the 1st place. And that's what we're going to
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  get into today. Emotions.
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  This is beyond Bitcoin. Let's dive in.
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  Think of the dollar like the sky in a video game.
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  It looks solid, so no one questions it, but that sky is
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  just pixels set by someone else. A switch in a backroom can turn
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  day in the night, add clouds, delete clouds, whatever the
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  builder wants. We walk under that fake sky
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  every day, pay rent with it, save with it, even measure
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  success in it because everyone agrees to the picture.
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  It feels like real leather. Here's the hard part.
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  Before we can talk about a new sky, we first have to admit that
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  this old sky is just painted scenery.
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  Rejecting that painted sky is just step one.
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  Only then does the real conversation begin.
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  If you're not in Bitcoin and you believe in your piece of paper,
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  then it is true all prices rise for you, all right, and, and,
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  and your life is likely getting worse and worse.
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  And it is also true that the government is centralizing
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  because it has to centralized and it has to misallocate more
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  and more capital and it has to do all these things because it's
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  a structural problem. They can't be fixed from that
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  system. It is likely true that from
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  within that system, if you're measuring from that system,
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  let's say you're 1 of 7 billion people on the planet without
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  assets, you're getting stolen from it as such a rate that you
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  think this solve is from within that system and you're voting
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  for people too. And and why the world feels like
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  it's dividing is that let's say you're one of the 100 people or
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  1000 people with most of the assets, then you're wondering
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  why those people, why you can't build walls high enough to keep
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  those bad people out. Every ruler, Kingdom or nation
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  learns there's a big red button in the backroom.
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  Push it once and new money pops into view, like adding extra
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  lives in a video game. The sky still looks the same to
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  most players, but the rules just change behind the curtain.
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  And once a ruler feels that power, they press the button
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  again. And again and again until the
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  picture starts to glitch. Do it.
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  Do it. In the history of money, which
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  so many of us explore right as Bitcoiners, beads and shells to
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  early coins which got coin clips and they inflated.
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  And it was the fall of empires which we never learned that
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  perspective in school. And then the paper money,
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  because obviously gold had its physical limitations, paper
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  money built on top of it. It seems like the natural state
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  of human society has been to inflate when you can.
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  The picture glitches and suddenly you notice the seams.
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  That's the moment where you're asking what is real.
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  I'll ask you what his money. Is it the paper in your pocket?
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  The numbers on a bank screen? Or is it just a promise we all
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  repeat because everyone else does?
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  In case I don't see you, good afternoon, good evening, and
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  good night. If one hidden hand can change
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  the total with a keystroke, maybe that reality is just a
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  story. Every time I head to the grocery
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  store or go to buy gas, these prices keep racking, racking up,
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  and you're wondering why does this keep happening?
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  The thought leaders and the economists of our time say it's
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  all due to inflation. It's a gaseous, ethereal term
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  that has been coined inflation. For you and I who have done a
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  little bit of research in this space, we all understand what
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  inflation really comes from money printing.
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  But the money printing is only a small aspect of it.
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  The money printing happens through layers and layers of
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  complexity. The layers of complexity are so
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  enormous for any layman to understand.
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  Financial statements, taxes, credit, interest rates, all of
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  these things are just layers upon layers of a reality that is
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  very difficult to understand. You know, you talk to anyone on
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  the street, they all have different definitions of what
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  money is. But it is a question that comes
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  up more and more these days. Why?
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  Because more and more people are feeling that something is wrong
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  with the system that they live in.
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  It's a bad time I've. Been way behind.
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  I go into something Moreland, something big.
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  And if you think about money as a system, a reality that you are
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  a part of, you are born into this reality and you can't
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  escape it. It's not like you can opt out
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  and make your own money. If you do, the Secret Service
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  will find you and they will take you to jail.
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  If I took a piece of paper and printed my own face on it and
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  tried to go down to the drugstore and buy, you know,
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  anything, they wouldn't accept it.
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  Why? Because it's, they can't, they
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  can't use it anywhere else. Where would they be able to
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  redeem that value? They don't understand, they
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  haven't looked deep enough or they're in so much pain that
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  they think that there's a solve somewhere else or somebody
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  else's fault. And they and, and that keeps
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  them from investigating Bitcoin at a deeper level.
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  But and it's their pain that's caused.
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  And then they go and listen to experts telling them that they
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  should live. That should be the way that they
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  live because in a monetary system has to look like that.
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  And because it sounds too confusing and and you people use
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  all these big terms, QE, liquidity, this and this
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  program, this program, but this program and it's so confusing
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  that they don't want this. They can't ask the question
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  because they feel like they're not smart enough to know the
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  question. That's actually why I start the
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  other side because if you're trying to explain the Rube
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  Goldberg machine that is just a system in with checks and
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  balances to keep the system solvent that that has to have
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  more and more manipulation. It's almost impossible to chase
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  that down to the sand because there's always another thing.
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  There's always a hidden off balance sheet money that's
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  that's stolen. There's always the extra
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  programs that are funded. There's always growth of
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  government in outside that system and trying to chase it in
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  the I know, I know it because I've chased it all down.
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  But trying to explain it from that system is ludicrous.
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  And if you start with the natural state of the free market
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  is deflation and if somebody go understands that then they can
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  start to see the generation of the multi generational the the
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  the greatest lie we've ever been told.
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  Now flip that question. Can anyone anywhere add one
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  extra Bitcoin by decree after? These messages, we'll be right
• 7:40
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• 8:00
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  expert team members and start mining today at, says
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  mining.com. Bitcoin is decentralized digital
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  scarcity. So it has the properties of
• 8:19
  being decentralized like something that you know, anyone
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  can go get it. It has a further innovation and
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  that it has a strict 21 million limit.
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  There will never be more than 21 million Bitcoin in existence.
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  And that means that it's fair, honest, sound money.
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  And that is the major innovation instead of gold, which got
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  subverted with banking and fractional reserve and central
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  banks and so on. It is fair, honest, sound money
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  because it's using decentralized digital scarcity.
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  And just to be clear, as a computer scientist, this was not
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  something that we thought was possible until 2009 when Satoshi
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  Nakamoto showed us how we can do it, right?
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  We all, most computer scientists thought there's only two
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  categories, right? You have infinitely copyable
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  decentralized digital stuff and you have centralized digital
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  scarcity, but decentralized digital scarcity complete
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  breakthrough. So it breaks your mental model a
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  little bit. Truth versus print on demand.
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  Now that's the real fight we're walking into.
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  Let's zoom back to day one. The hospital bracelet on your
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  tiny little wrist, stamped right next to your name that you
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  hadn't even known is a member of the Fiat monetary system.
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  That label means every swipe, every paycheck, every Venmo you
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  do just helps that system run. You never filled out a form.
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  The rules are just wrapped around you like a swaddle before
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  your first cry. History shows silver coins turn
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  to tin, paper bills balloon, digits multiply.
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  The steak was just a dream. Why?
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  Don't you let me fix you some of this new MO Coco drink all
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  natural cocoa beans from the upper slopes of mountain
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  Nicaragua. No artificial sweeteners?
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  What? The hell are you?
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  Talking about. Powell is bluffing.
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  He says we're going to get inflation back to 2%.
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  He says we haven't lost control even though he has and the
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  market believes him because the forward swaps are at 275 for
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  five year inflation. It's bullshit, but people
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  believe him. When things start to break, he
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  will have to change his tune well before the inflation rate
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  2% and everyone's going to go, uh huh, that's interesting.
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  He really has lost control. He cannot get inflation down.
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  All those guys have been talking about inflation is inevitable.
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  They are right. And then you're going to see
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  just an enormous movement of capital from other things into
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  our things. There's $450 trillion of Fiat
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  shit in the world, Cash, stocks and bonds, all of Bitcoin.
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  What does it say? 350 billion, 400 billion.
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  So 450 trillion, you know, 400 billion of Bitcoin, let's call
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  it 6 or 7 trillion of sound money, Bitcoin, gold, gold,
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  stocks. OK, 450 trill of unsound money,
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  bonds, cash and stocks. When a quorum of the people come
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  to the conclusion that they can never stop printing and that it
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  is inevitable that they will have to continue to print, they
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  are going to say. Please.
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  Protect my assets and stuff that you cannot be printed.
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  All it takes. It doesn't take the whole 450
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  coming into Bitcoin or gold for us to go way up in price.
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  Even if only 10% of it comes in, that's $45 trillion chasing 7 if
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  one assumes that they can never stop printing.
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  And I believe that, you know, with every, you know, every bone
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  in my body, I believe that. I think other people are coming
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  to believe that. But for our stuff to work, we
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  need more people to believe that.
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  And, you know, human beings do tend to, you know, want to
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  protect themselves. And so, you know, as the word
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  spreads and as the inflation continues to get bad or worse,
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  more and more people are becoming aware.
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  Interesting thought. You can't leave the game.
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  You don't know what you're playing.
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  Since Bitcoin, you've seen the rules and the lever behind the
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  game. That ring, you hear, is an
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  invitation to walk outside at the painted sky.
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  On the other side is a Ledger that no ruler can edit, a door
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  that locks with work, not wishes.
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  The choice is simple, keep swimming in the painted water or
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  climb out and breathe real air. Thank you all so much for
• 12:54
  watching. But real quick, if you're
• 12:56
  anything like me, are you thinking about building out your
• 12:58
  own sovereignty stack? You know sovereignty isn't just
• 13:01
  about holding your own keys, it's also about keeping that
• 13:04
  signal when everyone else has lost theirs.
• 13:07
  When the grid goes down, which has been happening a lot, most
• 13:10
  people go dark. But with a satellite phone from
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  SAT 123, you can stay connected no matter what, whether you're a
• 13:17
  prepper or a wannabe prepper like me.
• 13:19
  Maybe you're a rancher or just, you know, someone who's paying
• 13:22
  attention. There's a lot of crazy stuff
• 13:24
  going on in the world, am I right?
• 13:25
  Now is the time to be prepared. Stop the last moments of this
• 13:28
  episode right now and go to sat123.com/simply Bitcoin.
• 13:33
  Or if you are more familiar with a phone, you can call
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  866-621-9477. You can mention simply Bitcoin
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  off. Stay connected, stay
• 13:49
  independent, and most importantly, stay sovereign.
• 13:52
  Thank you so much for watching this video.
• 13:53
  I hope you enjoyed it. If you really enjoyed it, hit
• 13:56
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• 14:06
  Imotions. This is beyond Bitcoin.
• 14:08
  See you in the next one.