Latest / Simply Bitcoin / Banks Froze $10 Million Overnight! Here's Why Bitcoin Exists. | Beyond Bitcoin

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Banks Froze $10 Million Overnight! Here's Why Bitcoin Exists. | Beyond Bitcoin · Simply Bitcoin

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  Something has changed. You may not be able to put your
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  finger on it, but you feel it. The bank is different than it
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  used to be. The rules are different.
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  The way money moves is different.
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  In February of 2022, ordinary people donated $10 million to
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  truckers protesting a vaccine mandate.
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  Within days, the government made a call and the money
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  disappeared. We know the way through this.
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  Pandemic is by. Getting everyone vaccinated.
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  This wasn't the first time. In 2021, one of the most
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  followed doctors on the Internet had his PayPal permanently shut
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  down. The group called the Center for
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  Countering Digital Hate says there is a group of 12
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  influential anti vaxxers and the first name on that list is a
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  Chicago born and trained physician by the name of Doctor
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  Joseph Percola. No appeal Process Insight A
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  teenager awaiting trial has his legal defense fund cancelled
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  overnight. Big tech platforms that have
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  used the cancel culture mantra, we're just going to cancel
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  people instead of making the hard decision of saying, hey,
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  how do we navigate this well in the middle?
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  PayPal, GoFundMe, Patreon, Your Bank One Call, One Policy Update
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  1 Flag on your account and it has nothing to do with the left
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  or the right. It has everything to do with who
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  holds the off switch. Here's what that looks like
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  underneath. When you open up a bank account,
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  you give them your money, but they loan it out, they invest
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  it, and they charge you fees to access it.
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  And in exchange for all of that, they hold it in trust for you
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  until they decide not to. Banks aren't neutral.
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  They're businesses. Businesses have customers and
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  regulators. Regulators answer to
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  governments. Governments answer to politics.
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  Your money sits at the bottom of that system, and it's only as
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  safe as the people above you decide it should be.
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  So what's the alternative? Well, that's why I want to tell
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  you about Bitcoin. I know what you're thinking.
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  You've heard the name. Maybe you've rolled your eyes,
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  maybe you watched the price bounce around and thought,
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  whatever this is, it's not for me.
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  That's for tech guys and speculators.
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  But give me two minutes. Bitcoin has been around longer
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  than the air fryer. Did you know that?
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  The air fryer with. Quick cook.
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  Turbo Heat. Technology.
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  It launched in 2009 when the iPhone was on version 2.
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  While millions of people were figuring out how to download an
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  app for the first time, a parallel financial system was
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  being built from scratch. Here's the simplest way that I
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  can put it. Think of the US dollar as a
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  river flowing through a dam. The dam is the Federal Reserve,
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  the banking system. These institutions control the
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  flow. They can open the floodgates and
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  print more at any time. They can restrict it.
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  The river runs through institutions that can redirect
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  it, dam it up, or decide your farm doesn't get water this
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  season. Now Bitcoin.
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  Bitcoin is more like rain. It falls directly.
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  No dam, no institution in the middle, no permission required.
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  Just falls right there on your property.
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  What it actually is is money that runs on math and computers.
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  Not banks, not governments. On math and on code.
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  Now I'm sure you've heard this before, but it needs to be re
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  emphasized. There will only ever be 21
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  million Bitcoin. Ever.
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  That number is written into the code and cannot be changed by
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  any one person. For that number to be changed,
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  you would need consensus across the entire network.
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  Try getting everyone to agree that the sky is green at the
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  same time. No government can print more of
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  it. No bank can freeze it.
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  No politician can confiscate it. It belongs to whoever holds the
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  keys. And these keys are just
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  information, ones and zeros. Information that you can store
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  in your head like a password. Think of it like an umbrella.
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  You don't carry an umbrella because you know it's going to
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  rain. You carry it because you don't
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  know. Better to have it and not need
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  it than need it and not have it. Now here's what nobody tells you
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  about where Bitcoin came from. It wasn't invented by Silicon
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  Valley. It wasn't a start up idea.
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  It wasn't a get rich scheme. It was the end result of a 40
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  year project built by mathematicians, cryptographers
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  and libertarians who saw exactly where this whole world was
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  going. In 1976, two mathematicians
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  named Diffie and Hellman published a paper that made
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  encrypted communication possible.
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  That was the foundation. In 1988, a man named Timothy May
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  wrote something called the Crypto Anarchist Manifesto.
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  He predicted in 1988 that computer technology would allow
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  individuals to exchange information and value without
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  any government or institution knowing about it.
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  In 1992, a group of these thinkers formed a loose network
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  called the Cypherpunks. Eric Hughes wrote their
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  manifesto a year later. The opening line was privacy is
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  necessary for an open society. These weren't fringe radicals.
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  They were people who looked at the direction the world was
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  heading, and they decided to build an exit.
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  For decades they worked. Nick Zabo designed something
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  called Bitgold, a direct ancestor of Bitcoin.
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  Adam Back built a proof of work system to make digital money
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  scarce. peer-to-peer networks were proven at massive scale by
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  BitTorrent. The pieces were in place.
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  They were waiting for someone to assemble them.
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  Then came 2008. The financial system collapsed.
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  Banks that had been around for hundreds of years evaporated
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  overnight, not from some outside attack, but from bets they took
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  knowing someone else would pay if they were wrong.
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  This. Idea of Bitcoin was launched
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  just a few weeks after Lehman Brothers went bankrupt and the
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  whole system nearly collapsed. And the problems that cropped up
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  in the crisis were very much a part of the writings of Satoshi
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  Nakamoto. I think what the crisis showed
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  is that the existing system had some major flaws.
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  It wasn't working and people were hungry for some sort of
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  alternative. The government bailed them out
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  with your money. The executives kept their
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  bonuses. 2 months later, someone using the name Satoshi Nakamoto
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  published A9 page paper, a peer-to-peer electronic cash
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  system. The idea what if there was a
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  money that no government could print, no bank could freeze, no
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  institution could control? Wouldn't that be better than the
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  system that we have today? So they built it, and then they
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  disappeared completely. Satoshi Nakamoto has never been
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  identified. It's been tried.
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  It's still being tried even recently, but no one has come
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  forward. The original wallets worth
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  billions today have never been touched.
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  Whoever they were, they built it, they released it to the
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  world, and then they walked away.
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  What they left behind was a running system, one that has
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  never gone offline, not once in over 15 years.
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  Now, how does new Bitcoin get created if no government is
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  printing it? That's a big question.
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  Well, computers around the world compete to verify transactions
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  and keep the network running. They burn electricity to do
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  this. In exchange they earn Bitcoin.
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  Which all sounds a bit esoteric, but stay with me.
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  Simply, Bitcoin is energy. Electricity converted into
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  information. Information that is secure and
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  can be transferred anywhere around the world securely.
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  That's it. Dollars, Euro, yen.
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  These things require all kinds of institutions to maintain
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  their value, and they cannot easily be fungible with each
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  other. Since Bitcoin can be transferred
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  anywhere around the world, and every Bitcoin is the same in
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  every single country, this makes it far better money than our
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  current system. What makes it even greater is
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  that there is no one party that is in charge of its production.
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  No central bank, no printing press.
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  It's just math. In 2009, Bitcoin was worth
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  nothing. The following year, a programmer
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  named Laszlo used it to buy 2 pizzas.
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  He paid 10,000 Bitcoin for it. Those 10,000 Bitcoin are now
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  worth hundreds of millions of dollars.
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  We still celebrate that day today, Bitcoin Pizza day, every
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  May 22nd, because it was the first time Bitcoin had been used
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  to buy something real. It grew from there slowly and
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  then not so slowly. Today it's a $1.3 trillion
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  market. El Salvador made it legal
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  tender. the United States is holding in reserve.
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  BlackRock, the largest asset manager on earth, is selling it
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  to their clients. It went from a nine page paper
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  to a trillion dollar system in 15 years, built by people who
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  were tired of waiting for permission.
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  Now we just watched truckers, doctors, lawyers, donors succumb
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  to censorship and cancellation for their positions, whatever
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  they were. That isn't a political problem,
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  that's a structural problem. The system that holds your money
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  was never designed to serve you first.
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  But Bitcoin was designed specifically for this.
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  The cypherpunk saw it coming 40 years ago.
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  Satoshi built the solution 2008. And what it gives you is
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  something no bank account can offer you.
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  Money No government can print more of.
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  Money that no bank can freeze money that no politician can
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  confiscate. Money that you actually own.
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  And that last part matters more than most people realize.
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  When your money is in a bank, you don't own it.
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  You have a claim on it. There is a difference.
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  Now, this may come as a shock to you, but when you deposit your
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  currency with the bank, you're not actually depositing it into
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  an account to be safely held in trust for you.
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  Instead, you're actually loaning the bank your currency, and
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  within certain legal limits, they can do with it pretty much
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  anything they please. This includes gambling in the
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  stock market and loaning it out at a profit, of course.
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  Now this is where the machine of currency creation really gets
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  cranking, because this is where something called fractional
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  reserve lending comes into play. Fractional reserve lending is
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  exactly what it says. The banks are allowed to reserve
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  only a fraction of your deposit and loan the rest.
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  Out The bank can restrict that claim.
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  The government can redirect it. A policy update can suspend it.
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  Bitcoin held in your own wallet is yours.
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  Not a claim, not a promise. It's yours.
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  It's also an asset, one with a fixed supply.
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  In a world where governments can't stop printing over time,
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  things with fixed supplies tend to hold value against things
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  that can be inflated without limit.
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  Makes sense, right? You don't have to bet your life
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  on it. You just have to decide whether
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  you want to be holding some of this when it matters.
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  So where do you start? Well, you've heard about
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  Bitcoin. You understand, at least
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  roughly, what it is and why people who care about freedom
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  are paying attention. Now you need a place to actually
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  get some. This is where Rumble comes in.
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  You know Rumble. You know what they built and
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  why. When other platforms were
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  deciding whose voice matters, Rumble built infrastructure with
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  a principle. Your right to speak doesn't
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  require anyone's permission. That's an American principle.
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  Rumble Wallet was built for the same reason.
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  Because your right to speak and your right to transact go
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  together. If someone can cut off your
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  income, freeze your donations, cut your businesses off from
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  payments, your speech doesn't really count for much.
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  They watch it happen to creators, to small businesses,
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  to people who said the wrong thing, to the wrong platform on
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  the wrong day. So they built a wallet not to
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  compete with banks, but to exist outside of the system those
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  banks answer to. They built this for creators who
• 12:24
  want to get paid without a platform deciding whether they
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  deserve it, for viewers who want to support people they believe
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  in, for anyone who wants their money to be their business and
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  nobody else's business. It's peer-to-peer direct, no
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  intermediary, no platform with an agenda in the middle.
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  Now, I'm not asking you to go all in.
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  I'm not telling you to move your retirement fund or make any
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  dramatic financial decisions. You don't need to understand
• 12:47
  blockchain. You don't even need to know what
• 12:49
  a private key is. I mean, it helps, but you don't
• 12:52
  need to be an expert. But put in $5, put in 20, put in
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  100. If that feels right, just get
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  some skin in the game. Imagine going to dinner Friday
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  night and mentioning casually like it's nothing that you
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  bought a little Bitcoin this week.
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  That's a level. That's a bar.
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  Not a trader, not a tech guy, just someone who took a step
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  before most people did. The question is not whether it's
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  coming. The question is whether you have
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  a seat at the table when it matters.
• 13:22
  Rumble Wallet was built for this.
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  Download the Rumble Wallet using the QR code on your screen or
• 13:28
  you can click the link in the description below.
• 13:31
  Do not get left behind guys. Thanks.