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Bitcoin Explained in 30 Seconds | Beyond Bitcoin · Simply Bitcoin

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  So you're still skeptical about Bitcoin because you don't fully
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  understand it? Well, I'm going to explain
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  Bitcoin to you in 30 seconds and I swear it'll make sense.
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  Follow me. Bitcoin is a peer-to-peer cash
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  network secured by proof of work where miners convert energy into
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  blocks. Difficulty self adjust every
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  2016 blocks. Issuance haves roughly every
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  four years until 21 million nodes verify, not trust and
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  final settlement happens without permission.
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  Did you get all that? No.
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  Well, maybe the problem isn't you.
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  Maybe it's they only had 30 seconds and now a Bitcoin pitch
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  in a little bit more than 30 seconds.
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  It's not like the days got shorter, but your time did.
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  Somewhere along the lines, learning got squeezed between
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  notifications and job searches. Where did all this pressure come
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  from? Well, if you've been living
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  under a rock, that pressure is tied to money.
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  I like to compare the guarantee and promise of Bitcoin as a
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  fixed money to the guarantee and promise of death and that we
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  can't live forever. What I mean by that is that the
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  fact that I'm going to die and I know I'm going to die is what
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  allows me to value my life. If I knew I could live forever,
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  I'd go to the gym in 10,000 years.
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  I'd think about reproducing in 100,000 years.
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  Why would I? The point is, how would I ever
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  be able to value today if there's infinite amounts of
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  dollars, infinite amounts of debt, infinite amounts of
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  printing currency? It doesn't allow me to value the
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  paycheck I'm getting now, and so the promise that I will die is
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  what allows me to value. My life.
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  Time as an asset is infinite, but my time isn't.
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  And it's the promise of Bitcoin, the fact that I have a money
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  that is fixed that actually allows me to value my time and
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  energy right now. And so when you hear Bitcoiners
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  say I got into Bitcoin, I got healthier, I got into Bitcoin, I
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  lowered my time preference, I got into Bitcoin and I thought
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  about the world differently. Is it's it?
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  It is going from a life of Infinity, which is impossible to
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  value, to a life that is finite that requires you to value it.
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  Does that make sense to you? Yeah, that makes complete sense
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  to me. It's just a life altering
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  technology and an advancement in money, which is how we capture,
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  exchange and save time and energy between.
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  Each other. Money is a claim check on human
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  time. Flood the world with more claim
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  checks, and each claim is worth less.
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  Those claim checks are tied to every single thing you see
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  around you, from the houses on your street, to the food that
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  you eat, to the shoes on your feet.
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  And those claim checks? They're ultimately tied to your
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  time. Think about that for a second.
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  Are you in there? There are a group of people out
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  there that are conspiring behind closed doors that make decisions
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  that are directly tied to your time.
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  Time is a resource, just like gold, lumber, water, or oil.
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  Go planet. When more claims exist on the
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  resources than the resources themselves, that's when prices
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  rise. That's what inflation is.
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  But something is off. Wages crawl, but prices Sprint.
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  Minimum pay goes up for sure, but groceries, rent, gas, they
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  all run laps around it. We earn a little more, yet we
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  spend a lot more. Someone to buy a piece of our
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  time. We have to charge more and still
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  somehow we fall behind. If you can quit freaking out
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  about the loss of your purchasing power.
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  And most people don't think that much about it, right?
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  Most people who haven't thought about Bitcoin and don't
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  understand money, they don't understand this.
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  It's not until you realize what money is and what Fiat currency
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  is and what its incentive structure is like that you
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  finally can take a step back or away from it and look at your
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  life and look at the effects of Fiat on your life.
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  And, and I get this, I think not, not from being a doctor
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  necessarily, as much as being a financial guy.
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  People are desperate to grow their purchasing power over time
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  so that they can afford life and maybe retire someday and maybe
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  support their family someday. And Fiat keeps you on the
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  hamster wheel forever and ever and ever.
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  And some people score, they get lucky and they create a tech
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  company and make a billion dollars, and they don't have to
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  worry about money. But for 99% of people, they're
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  on this hamster wheel and they're stressed out all the
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  time. And I know a lot of people who
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  tell me I don't care about money.
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  I don't want to think about money.
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  I did, you know, it's just not my thing.
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  And, and, and, and I'm like, but you do think about money all the
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  time. You have to think about, you got
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  to get up and go to work and you, you know, you don't, you
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  can barely pay the grocery bills cause 'cause, you know, prices
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  have gone up so much And why is life so hard?
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  And Oh my gosh, I got to pay taxes now.
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  And you know, I got to put kids through college and all these
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  kind of things are stressful and, and being stressed out all
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  the time. I will tell you now, putting
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  back my doctor hat back on is really bad for your health.
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  If you're constantly stressed out, you will just have health
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  problems. It's called psychosomatic
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  problems, right? So you can, if you're stressed
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  out, you'll start having aches and pains.
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  You're going to be at a higher risk for things like cancer, for
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  heart disease, heart attacks, you name it.
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  And so stress is bad for your health and Fiat is stressful
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  and, and, and being on the hamster wheel forever is
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  stressful. And not having enough money to
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  pay the bills and maxing out your credit cards and paying 21%
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  interest rates is super stressful.
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• 5:21
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• 5:24
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• 5:26
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• 5:29
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• 5:40
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• 5:42
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• 5:45
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  printing apocalypse that's ahead of us.
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  Now that was dark, but there's still some light at the end of
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  the tunnel, my friends. And that light is pity.
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  It's not gold, It's not oil or anything that you can dig or
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  drill. It doesn't have a place.
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  It's not physical. It's virtual value.
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  Virtual value is a loaded term. I understand because it makes it
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  sound like Bitcoin's value is derived from some sort of
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  outside gaming world, like a virtual world.
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  But I want you to think about this phrasing.
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  Virtual value. Not virtual value in the sense
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  of a video game or a frequent flyer miles, but more like
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  global universal virtual value. Value that anyone can access.
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  Anyone with or without a bank account, from Portland to
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  Portugal or service member to sovereign nation.
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  Bitcoin is for everybody. Bitcoin is universal.
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  Anyone can hold Bitcoin and no one controls it.
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  That's not just another type of virtual value.
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  That is virtual value. And what does this virtual value
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  store better than gold itself? Your time.
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  Economic energy is capital, economic energy is wealth.
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  And so if you think about the wealth in the world, there's
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  maybe $900 trillion of it right now, and it's tied up in real
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  estate and stocks and bonds and currencies, collectibles,
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  etcetera. The challenge is that that
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  capital is analog capital from the 20th century, and Bitcoin
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  represents the digital transformation of capital.
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  And your chart you just showed with those ETFs shows that every
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  day in the last five days, $481 million is flowing out of the
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  analog world into the digital world.
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  And what's going to drive Bitcoin is in essence, the
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  conversion of analog capital to digital capital.
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  The killer use case is, is capital preservation and capital
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  appreciation. And you know, you're, you know,
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  the name of the show is making money.
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  That's what everybody wants to do.
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  And money is capital. Printing more claim checks
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  doesn't create abundance, it creates a vacuum.
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  A vacuum of your time. I really mean this.
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  The dollar functions as a value sucker.
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  That's why just 30 seconds feels like your new attention span.
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  Not because you got Dumber, but because you simply couldn't
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  spend the time to learn. The point I'm trying to make
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  here is that Bitcoin can be explained in 30 seconds.
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  It can also be explained in 10 seconds, but it takes years of
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  experience to really understand the point of it.
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  If you're tired of looking for your next gig or trying to save
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  up for something only to see it get more expensive, you need to
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  get some Bitcoin. If you're tired of watching your
• 8:21
  gas tank prices constantly climb, don't get a Tesla, get
• 8:26
  some Bitcoin. And if you only have 30 seconds
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  to listen to a pitch on Bitcoin, don't listen to the pitch.
• 8:32
  Get some Bitcoin. And you know what's an insanely
• 8:34
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• 8:37
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• 8:41
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• 8:44
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• 8:58
  Thank you so much for watching this video.
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  If you like what you see and you want to see more, make sure you
• 9:01
  hit that like button below or you can subscribe to the simply
• 9:05
  Bitcoin channel for more content like this.
• 9:07
  We're coming out with it every single day of the week.
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  I'm oceans. This is beyond Bitcoin.
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  Maybe next time you'll have more time, but until that time, see
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  you next time.