There's only ONE question I have about Bitcoin and that is "Where does the value of Bitcoin come from?" Why is it of value? Everything else is secondary.
Bitcoin is a password encrypted receipt that you paid for it. That is all. You give me $100, I write a receipt with our names and the amount that you paid me and encrypt it with our passwords and it now belongs to you. Unless the encryption is broken, it can''t be faked. That is all.
There is no value; The increasing price comes from greed and FOMO of people spending dollars for BTC with the hope of selling it to someone else to obtain more dollars.
Value of USD is upheld by violence and the threat of violence. Value of BTC & cryptos in general is upheld by public-key cryptography. Both secure ledgers of debits and credits, but employ different means.
Where does the value of a Federal Reserve Note come from Moose? Ditto, gold, silver, sea shells, wampum, tally sticks. It is only in the eye of the beholder.
I just came up from my Bitcoin mine where I have been laboring with pencil and paper for days now trying to solve complex mathematical problems so Bitcoin could magically appear on my imaginary ledger so I could then trade it for another slightly less imaginary currency that can actually procure food, clothing, shelter and other necessities. I keep telling myself I’m just not smart enough to grasp the concept, but in reality world, I’m just not dumb enough to be gaslit. Bitcoins’ only value is when you find someone dumb enough to exchange something of value for nothing. The future is bleak indeed.
i just sent this to two old friends...now i send it to you and your audience Buon Natale..... "the old will loose everything and have nothing......the young dont care they have nothing already." __.an old guy thanks dani...thanks gerald.. vi amo entrambi...........ive watched you both for what is very close to 20 years...a canadian 40 yrs financial retired... i privately managed a book of business around 50 mill in 2008 25 families.........( not retarde..least i dont think so gerald). who had to leave canada 15 years ago for semi rural life in thailand..cause i knew what was coming...i knew long long ago..people do not know what's coming....pensions WILL disappear.......people just dont understand...its going to be EPIC...look up the word epic...im 67...watching it all in the WEST from sunny thailand....it cant be stopped..impossible to stop the dominoes already falling i threw my "smart" phone into my pool almost 6 yrs ago i have a channel on bitcute
Not really. I am not rich but i was able to scratch together 66k to buy one 2 months ago and many were bought when they were less than a dollar. And it is not a ponzi scheme because there is no Ponzi to collect the money. It is purchased from individuals or an exchage where buy and sell just like stocks .
Yeah,i think you got rich if you got in early, like any commodity. Or you have nothing else to do, say like contributing to your community, you can play the rides. Not great for the future of humanity IMO
Roger Ver - if he had ANYTHING to do with this book - is hardly a person you can trust. After being known as the Bitcoin Jesus, he morphed into a crank with his failed fork of Bitcoin (Bitcoin Cash) and has been arrested in Spain awaiting extradition on tax charges, I believe. That can be viewed as a badge of honor in many circles. Ver has gotten VERY testy with interviewers who asked simple straightforward questions about this or that accusing them of "insulting" him! What a jerk!
Great point seems like fitts is just trying to make as much money as she can with as little effort as possible now to where she not giving any actionable info or vetting her guests
Your opinion on Roger comes straight from blockstream talking points. Everything you just said is lies and propaganda manufactured by them and handed down to you from the censorship industrial complex. Unless you’ve been in bitcoin for 10+ years you wouldn’t know you’re repeating propaganda. Roger is not your enemy. He’s done more to promote Bitcoin and freedom than literally anyone other than satoshi. Read this book and maybe you’ll get it. Roger also had nothing to do with the BCH fork. He along with all of us original bitcoiners from 10+ years ago supported the NYA - the new york agreement for SW2X. Blockstream backed out after getting the SW part and reneging on 2x. BCH was necessary to preserve P2P cash.
I appreciate you sharing that!❤ I have a quick question: I have USDT in my OKX wallet, and I possess the 12-word passphrase: check broom dinosaur stool harsh hurdle morning solve barely umbrella crumble naive. What is the process to transfer my USDT to Binance?🤔
I would add.. "or lived it!" Personally, I think this interview is the most important one you did all year. Thank you.. Now you see why BCH and not BTC. I am not saying go all in.. I am saying.. try it.. learn it.. add diversity to your portfolio.. and in the end, you will see how well it works.. you will see the freedom minded people behind it. and you can effectively walk away from the current financial system.. and be free....... again. Thank you .. thank you.. THANK YOU! Can't wait to see the whole thing.
You can make money trading Bitcoin, when you do, get the hell out. Or, you can bet in a casino, when you win, you cash in and get out. There is no difference
that's a great sales pitch, "You can't understand Bitcoin unless you buy and read my book!"
Fitts is pitching as well. I don’t think she ever gives any info that’s actually actionable where as there are quite a few on yt that do.
It’s Roger Ver’s book, not hers.
There's only ONE question I have about Bitcoin and that is "Where does the value of Bitcoin come from?" Why is it of value? Everything else is secondary.
Same place the Dollar come from ; WIZARD 🪄 OF OZ😂
Bitcoin is a password encrypted receipt that you paid for it. That is all. You give me $100, I write a receipt with our names and the amount that you paid me and encrypt it with our passwords and it now belongs to you. Unless the encryption is broken, it can''t be faked. That is all.
There is no value; The increasing price comes from greed and FOMO of people spending dollars for BTC with the hope of selling it to someone else to obtain more dollars.
Value of USD is upheld by violence and the threat of violence. Value of BTC & cryptos in general is upheld by public-key cryptography. Both secure ledgers of debits and credits, but employ different means.
Where does the value of a Federal Reserve Note come from Moose? Ditto, gold, silver, sea shells, wampum, tally sticks. It is only in the eye of the beholder.
I just came up from my Bitcoin mine where I have been laboring with pencil and paper for days now trying to solve complex mathematical problems so Bitcoin could magically appear on my imaginary ledger so I could then trade it for another slightly less imaginary currency that can actually procure food, clothing, shelter and other necessities. I keep telling myself I’m just not smart enough to grasp the concept, but in reality world, I’m just not dumb enough to be gaslit. Bitcoins’ only value is when you find someone dumb enough to exchange something of value for nothing. The future is bleak indeed.
Bitcoin is a limited supply of nothing but you “just don’t get it”.
musical chairs, don't get caught standing when the music stops.
Great discussion. I remember wanting to buy Bitcoin in 2014 and you weren't allowed to purchase any if you lived in the USA.
Thanks for the info Ms. Fitts. I am listening to it now on Audio.
We discussed this book in Spanish at No hay almuerzo gratis, for your bilingual audience.
Ja ja ja
i just sent this to two old friends...now i send it to you and your audience
Buon Natale.....
"the old will loose everything and have nothing......the young dont care they have nothing already."
__.an old guy
thanks dani...thanks gerald.. vi amo entrambi...........ive watched you both for what is very close to 20 years...a canadian 40 yrs financial retired... i privately managed a book of business around 50 mill in 2008 25 families.........( not retarde..least i dont think so gerald). who had to leave canada 15 years ago for semi rural life in thailand..cause i knew what was coming...i knew long long ago..people do not know what's coming....pensions WILL disappear.......people just dont understand...its going to be EPIC...look up the word epic...im 67...watching it all in the WEST from sunny thailand....it cant be stopped..impossible to stop the dominoes already falling
i threw my "smart" phone into my pool almost 6 yrs ago
i have a channel on bitcute
Great Catherine.
It’s not that no one can critique it. It’s that no one knows you exist.
sounds like a wealthy persons pyramid scheme
Not really. I am not rich but i was able to scratch together 66k to buy one 2 months ago and many were bought when they were less than a dollar.
And it is not a ponzi scheme because there is no Ponzi to collect the money. It is purchased from individuals or an exchage where buy and sell just like stocks .
Yup.
I know of people who have become very rich with bitcoins. It may all be a scam , but if u r smart and are able to time your exit , nothing like it.😂
Yeah,i think you got rich if you got in early, like any commodity. Or you have nothing else to do, say like contributing to your community, you can play the rides. Not great for the future of humanity IMO
"Roger Ver" - those are the only two words I need to hear to avoid wasting my time with this book. Next he's going to suggest another hard fork.
🤦♀️😂😂
The transaction fees on Bitcoin are so high - it's not worth the risk - for the non-whales.
You are very misinformed
@@RealBossLibertarian merely saying "you are misinformed" doesn't have any meaning. Clue me in mastermind.
Roger Ver - if he had ANYTHING to do with this book - is hardly a person you can trust. After being known as the Bitcoin Jesus, he morphed into a crank with his failed fork of Bitcoin (Bitcoin Cash) and has been arrested in Spain awaiting extradition on tax charges, I believe. That can be viewed as a badge of honor in many circles. Ver has gotten VERY testy with interviewers who asked simple straightforward questions about this or that accusing them of "insulting" him! What a jerk!
Great point seems like fitts is just trying to make as much money as she can with as little effort as possible now to where she not giving any actionable info or vetting her guests
Your opinion on Roger comes straight from blockstream talking points. Everything you just said is lies and propaganda manufactured by them and handed down to you from the censorship industrial complex. Unless you’ve been in bitcoin for 10+ years you wouldn’t know you’re repeating propaganda. Roger is not your enemy. He’s done more to promote Bitcoin and freedom than literally anyone other than satoshi. Read this book and maybe you’ll get it. Roger also had nothing to do with the BCH fork. He along with all of us original bitcoiners from 10+ years ago supported the NYA - the new york agreement for SW2X. Blockstream backed out after getting the SW part and reneging on 2x. BCH was necessary to preserve P2P cash.
Roger Ver IS the author of this rubbish.
Btc is a snooze fest. Get to the actual utility, not the distractive psyop
Bitcoin is covid on steriods
Fedcoin
Oh. Books have been written about bitcoin?
I appreciate you sharing that!❤ I have a quick question: I have USDT in my OKX wallet, and I possess the 12-word passphrase: check broom dinosaur stool harsh hurdle morning solve barely umbrella crumble naive. What is the process to transfer my USDT to Binance?🤔
Why not just transfer to my wallet instead.
As you can see, Im not doing well.
So 'if you read this book, you'd understand Bitcoin' ?
This would be where I send a friend to better understand Bitcoin....
th-cam.com/video/7dFn4ahMJfc/w-d-xo.htmlsi=EDsXEPuXsFxZv3RW
I would add.. "or lived it!" Personally, I think this interview is the most important one you did all year. Thank you.. Now you see why BCH and not BTC. I am not saying go all in.. I am saying.. try it.. learn it.. add diversity to your portfolio.. and in the end, you will see how well it works.. you will see the freedom minded people behind it. and you can effectively walk away from the current financial system.. and be free....... again. Thank you .. thank you.. THANK YOU! Can't wait to see the whole thing.
Yo Ms. Fitts, get yourself a real Bitcoin education - The Price of Tomorrow by Jeff Booth.
I used to respect Catherine Austin Fitts but her hate for Bitcoin is irrational, she is now talking to scammers.
I agree, she has been spot on for many issues but is a total 'Karen' regarding BTC...but hey, most people under 40yrs old can't understand it anyways.
You can make money trading Bitcoin, when you do, get the hell out. Or, you can bet in a casino, when you win, you cash in and get out. There is no difference
Be warned, it's a pump and dump
Bitcoin doesn’t work.
That’s what the book is about.
@ lol. Don’t need a book to tell me that.