Latest / Simply Bitcoin / Nobody Tells You THIS About Bitcoin | Beyond Bitcoin

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Nobody Tells You THIS About Bitcoin | Beyond Bitcoin · Simply Bitcoin

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  What is your most valuable asset?
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  Is it your TV, your car, your house, or that deflated
• 0:04
  basketball you have in the garage signed by the entire team
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  in the 94 Clippers? Well, I'm here to tell you that
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  there is an asset out there that is more valuable than all of
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  those things combined. More valuable than any company
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  or industry or even the entire Bitcoin market cap.
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  You may even own some of this already.
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  Can you guess what that asset is?
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  It's your time. Your time is your most valuable
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  asset. At first this is an easy concept
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  to discard. OK, time is my most valuable
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  asset. Thank you for the motivational
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  Instagram post. But it's true, without your
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  time, you're unable to enjoy everything else life has to
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  offer. Question is, do you own your
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  time already or are you spending it on things you'd rather not?
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  Between work, trips to the grocery store, taking out the
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  garbage, doing the dishes, how much of your time do you
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  actually own? As we grow, our lives require
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  more and more resources to sustain themselves.
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  More energy, money, and time. Problem with time is it needs a
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  mechanism for storage. If you give someone your time,
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  you're likely expecting something in return.
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  So we need a way to store that time that was spent doing
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  something else so we could use it for ourselves later down the
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  line. That's what money is, if you
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  didn't know. You could think of money as
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  economic energy, just like you could think of fat as organic
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  energy. You eat a lot, you store fat,
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  and now if you have to go without food for two 3-4 weeks,
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  you're not going to starve to. Death money is a way of storing
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  your time, time you've spent working.
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  But there's a couple problems here.
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  The current way to store your time the dollar or the yen or
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  the euro or the pound, they're all Fiat currencies.
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  Now. Can any one of you tell me what
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  a Fiat currency is? Yes.
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  Go ahead. Yes.
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  Isn't that like a value by decree or like value derived
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  from a central party policy and can be issued infinitely and
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  backed only by the full faith and credit of our military
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  industrial complex that creates governing mechanisms simply
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  through capital controls? Yes, that's right here.
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  Currencies like the dollar are printed into existence every
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  single second. Magically, these currencies are
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  then pumped into our financial system like water and our
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  financial plumbing. But imagine in that network of
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  pipes and valves, there's a leak.
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  It starts small, but if not attended to, it'll turn into a
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  bigger leak. That leads to a system that
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  loses pressure and becomes weaker.
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  Imagine what eventually happens in that system.
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  A drip, a stream, a flood. Whatever it is, it needs to be
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  fixed. Now remember your most valuable
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  asset, No, not that one, no, you're fully owned time.
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  And if you're living in a Fiat currency system, are you living
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  in a Fiat currency system? Then the thing you use to store
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  your time, your most valuable asset, is leaking at 2:00.
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  Percent. In Venezuela they had it and
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  Nigeria, they're getting it right now.
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  You work, I give you $100 and the $100 buys you 4 meals.
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  But then in three months it buys you one meal, and then in 12
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  months it buys you one soda, and in 24 months it buys you
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  nothing. OK, so now you've got a problem.
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  You can't store economic energy. So what happens when when the
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  currency dies or the money dies? Well, the society gets ripped
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  back to Stone Age barter. What it means is you can't, you
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  can't save anything. And also it means that the unit
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  of account breaks down so you can't trade.
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  Think of the leak like inflation.
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  The more and more I pump in, if there's a leak, that energy does
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  not stay, it deflates. So it requires more and more
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  inflation to keep its shape. So this inflation rate that the
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  Federal Reserve is trying to meet, this magic 2 percent, 3%
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  inflation rate, this essentially is the amount of time that is
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  leaking out of the system for all of us.
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  Usafax.org states that the current inflation rate is 3%
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  now. It's probably much higher for
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  you and your local jurisdiction. That's 3% of your time that is
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  leaking out of that system. The leak is getting pretty big
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  too. Since the severing of gold from
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  the dollar in 1971. You know the Nixon shocked, the
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  dollar has leaked 90% of its value, meaning you can buy 90%
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  less with a dollar today than you could in 1971.
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  Wow, I'm Nixon shocked. That's entropy, folks.
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  Now, why in God's green screen would you ever want to store
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  your time in a currency that is leaking 2-3 or whatever percent
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  a year? Imagine you're losing 2 to 3% of
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  your time per year. Wouldn't you want to store your
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  wealth in a system that doesn't leak your most valuable asset?
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  Please tell me what should I store my time in?
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  Are you going to say Bitcoin? Because I swear to God I'm going
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  to leave if you say Bitcoin, it's Bitcoin.
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  Bitcoin stores time like no other asset ever in all of
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  history. But before we get to that, we're
• 4:43
  going to need some gear. In a time of crisis, you want to
• 4:46
  ensure that you and your loved ones have open communication
• 4:49
  lines no matter what's happening around you.
• 4:51
  SAT 123.com has the solution for you with their wide variety of
• 4:55
  survival gear, Faraday bags, satellite phones, and solar
• 4:58
  power generators. And if you go to sat123.com
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  right now and you put the promo code simply, you'll get 15% off
• 5:04
  your purchase. Stay sovereign.
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  Stay connected with sat123.com. So what makes Bitcoin better
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  than all the other time storage methods on the market?
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  Bitcoin isn't just a speculative asset, it's a closed system. 1
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  without leaks. Programmed into Bitcoin is a 21
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  million supply cap. OK, what does that mean?
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  It means there's only ever going to be 21 million coins.
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  Unlike the dollar, that other storage container for your time
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  that leaks 2 or 3 or 4% a year, Bitcoin's network remains within
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  a 21 million supply cap. So if you store your harder work
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  in Bitcoin today, we're very clear that the same amount of
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  Bitcoin will be there tomorrow. This is different than if you
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  store your hard earned work into $100 bill today.
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  The same amount of $100 bills will not be there tomorrow,
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  probably more. Your efforts will not be
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  inflated away over days, weeks, months or years.
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  If properly secured, your .01 Bitcoin in your wallet today
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  will be the same .01 Bitcoin in your wallet in five years, and
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  its supply has not been added to or subtracted from that.
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  Value remains constant. No leaks.
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  OK, but how can I ensure that bitcoins value will rise over
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  time? I think the better question is
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  will Fiat lose value over time? Built into the mechanics of
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  every Fiat currency is a certainty that it will lose
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  value over time. Remember, it's not more dollars
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  that are desirable, it's more purchasing power.
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  Because dollars lose their value over time and that rate is only
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  increasing because of inflation. Bitcoin absorbs that liquidity
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  that's pumped into the system, making it appear as it's growing
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  in value. But what's actually happening is
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  that your dollars are getting weaker and weaker to an asset
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  like Bitcoin. So the time you put in today, if
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  stored in Bitcoin, not only will keep its purchasing power, but
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  will likely increase in purchasing power over time,
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  which is a return on your time. With this, Bitcoin preserves
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  your time and makes your stored time more valuable.
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  So the money breaks down, the civilization breaks down.
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  That's the danger. But normally in most modern
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  societies, the money doesn't break down as a medium of
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  exchange. It breaks down as a store of
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  value. So that means that, yeah, you
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  can store money for 12 to 36 months or maybe up to 10 years
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  in the dollar. You can't store it for a
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  lifetime. So if if you have some money,
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  you can't just store the money. If you want to keep your
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  economic energy, you have to gamble it or invest it.
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  You have to speculate it with it.
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  Or you know, you worked your entire life, you have a certain
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  amount of retirement and now if you store it in the bank, it'll
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  be worth nothing. So you have to go and invest it
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  in the stock market. But if you pick wrong, you lose
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  it. So we basically force we force
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  people to be gamblers, speculators or hedge fund
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  managers if the money's broken. Your time is the one thing you
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  have on this earth, and if you don't know how to store it, you
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  may end up losing it. Do yourself a favor and go store
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  your time in something that can't be manipulated and printed
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  out of nothing. That's Bitcoin.
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  And if you want a great way to earn Bitcoin in the background,
• 8:10
  then you need to check out SAS mining.com.
• 8:13
  SAS mining.com offers hosted mining services powered by
• 8:16
  renewable hydropowered facilities.
• 8:19
  You own the rig. They take care of the uptime,
• 8:21
  maintenance, and electricity required to run your miners.
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  Imagine collecting Bitcoin straight to your wallet, earning
• 8:27
  it through mining without having to set up an entire mining
• 8:30
  operation in your garage. And if you go to saasmining.com,
• 8:32
  you put the promo code simply Bitcoin.
• 8:35
  You'll get $100 off your first rig.
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  Book a call with one of their expert team members and start
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  mining today at SaaS mining.com. Fiat is a leaking system.
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  It's leaking 2% of your most valuable asset a year.
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  Bitcoin, on the other hand, preserves your time and
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  increases the purchasing power of your time over time.
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  So which one would you choose to store your time, Fiat or
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  Bitcoin? Thank you so much for watching
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  this video. If you like what you see and you
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  want to see more, make sure you hit that like button below.
• 9:05
  Or you can subscribe to the simply Bitcoin channel for more
• 9:08
  content like this. I'm oceans.
• 9:10
  This is beyond Bitcoin. Until next time.