Yep. Great Video. Goes straight to the core of why I started buying BTC five years ago. Most people will recognise the truth when they hear it. See you in 2035 and beyond..
The Romans debased their currency through a practice called, "Coin clipping" where they would either use less precious metal or physically remove bits of coins to make more. Coin clipping had significant economic impacts: Artificially increased the money supply. Led to inflation. Eroded public trust in currency. Caused prices of goods and services to rise.
Absolute facts, and you don't need a degree in economics. Common sense and basic math is all you need to understand that you cannot make money out of money. The total wealth does not change. Rather, as you print more money, the divisor/denominator increases, causing the individual units of currency to be worth less, hence why the prices of goods and services increase even though their value has not changed.
Also, taxation cannot be seen as mere theft. It should be considered robbery because this form of stealing is active and uses force. On the other hand, inflation is more silent. The libertarian slogan should instead be as follows: "Taxation is robbery. Inflation is theft."
@MohamedMukassabi Well said. If you take others property it's theft, if there is any threat of force, then it's robbery. Some might argue it's a necessary evil... But if a person really want a Lamborghini, but he does not have the money to buy it, then it's also necessary for him to steal the car... So this argument could be applied to anything, but it's still unethical.
You're doing a fantastic job! I need some advice: My OKX wallet holds some USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). What's the best way to send them to Binance?
I understand your perspective. But bitcoin also damages the overall monetary and price inflation. It’s a printing press causing air money to be accepted for the usd. Feds have to match it through introducing more fiat to pay for the exchanged bitcoin. M1
@@robynandruski5971 Air money? How is bitcoin air money? Is it more important for money to be physical or to have the right properties of money? I don't understand your argument that bitcoin will lead to more inflation? Prices of goods and services are falling when measured in bitcoin... Yes prices will rise if you print more dollars and then measure prices in dollars... But it's not the prices of goods and services you are changing then, it's the price of the dollar you are debasing.
Even oil prices connected to M2 have restrictions so as to not bankrupt other countries. Crypto replaces M2 and forces more printing if M2. =. Inflation of goods and services
@@robynandruski5971 I'm still not getting your point... But sure, if you print more fiat money, then the fiat money will get debased, and thereby lose purchasing, leading to incresing prices of goods and services if you measure these prices in fiat. Remember it's not the prices of goods and services you're changing... It's the price of the dollar you're changing (the dollar's exchange ratio compared to other things).
Why bitcoin is inflationary: 1. Exchange 1btc for 100k us cash 2. You have bought 100k of M2 usd 3. You reinvest in Etherium removing the 100k of M2 from the economy. (Crypto is not M2) 4. 100k of M2 must be printed to replace this removal from M2
@@robynandruski5971 If I buy BTC for 100K USD from you, I have not removed 100K USD from the economy. Now you just have the 100K USD instead of me. That's like saying if you buy a TV, you remove 2000 USD from the economy... Nope you just did a trade where the ownership of two different things swapped (TV 🔄 USD).
Facts upon facts 🔥
Upon facts :)
Well done!
@@bramk Thanks man! 🙏
Yep. Great Video. Goes straight to the core of why I started buying BTC five years ago. Most people will recognise the truth when they hear it. See you in 2035 and beyond..
@@jespersorensen4462 Yeah, exactly. But everyone will get bitcoin at the price they deserve. Most are just uninformed, but some chose to be ignorant.
@ Yep. I’m still buying when I can. $1M BTC base line is looking more and more likely now.
The Romans debased their currency through a practice called, "Coin clipping" where they would either use less precious metal or physically remove bits of coins to make more.
Coin clipping had significant economic impacts:
Artificially increased the money supply.
Led to inflation.
Eroded public trust in currency.
Caused prices of goods and services to rise.
@@TimotejFedlimid-zo3hy Basically a more primitive version of the same phenomenon as today. And the end result will probably be the same.
Absolute facts, and you don't need a degree in economics. Common sense and basic math is all you need to understand that you cannot make money out of money. The total wealth does not change. Rather, as you print more money, the divisor/denominator increases, causing the individual units of currency to be worth less, hence why the prices of goods and services increase even though their value has not changed.
Also, taxation cannot be seen as mere theft. It should be considered robbery because this form of stealing is active and uses force. On the other hand, inflation is more silent. The libertarian slogan should instead be as follows: "Taxation is robbery. Inflation is theft."
@MohamedMukassabi Well said. If you take others property it's theft, if there is any threat of force, then it's robbery. Some might argue it's a necessary evil... But if a person really want a Lamborghini, but he does not have the money to buy it, then it's also necessary for him to steal the car... So this argument could be applied to anything, but it's still unethical.
You're doing a fantastic job! I need some advice: My OKX wallet holds some USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). What's the best way to send them to Binance?
Total value crypto = 3.67 T
Total of Canada’s value= 3.6 T
The same.
Yet we pay a 30% premium for Usd
I understand your perspective.
But bitcoin also damages the overall monetary and price inflation. It’s a printing press causing air money to be accepted
for the usd. Feds have to match it through introducing more fiat to
pay for the exchanged bitcoin. M1
@@robynandruski5971 Air money? How is bitcoin air money? Is it more important for money to be physical or to have the right properties of money? I don't understand your argument that bitcoin will lead to more inflation? Prices of goods and services are falling when measured in bitcoin... Yes prices will rise if you print more dollars and then measure prices in dollars... But it's not the prices of goods and services you are changing then, it's the price of the dollar you are debasing.
Crypto (3 Trillion) same as Canada. Time to function as non related to M1 M2
not totally exchangeable
Even oil prices connected to M2 have restrictions so as to not bankrupt other countries. Crypto replaces
M2 and forces more printing if M2. =. Inflation of goods and services
@@robynandruski5971 I'm still not getting your point... But sure, if you print more fiat money, then the fiat money will get debased, and thereby lose purchasing, leading to incresing prices of goods and services if you measure these prices in fiat. Remember it's not the prices of goods and services you're changing... It's the price of the dollar you're changing (the dollar's exchange ratio compared to other things).
Crypto (3.6 T) is ready to function without based on USD. Cut the direct link to the
Why bitcoin is inflationary:
1. Exchange 1btc for 100k us cash
2. You have bought 100k of M2 usd
3. You reinvest in Etherium removing the 100k of M2 from the economy. (Crypto is not M2)
4. 100k of M2 must be printed to replace this removal from M2
@@robynandruski5971 If I buy BTC for 100K USD from you, I have not removed 100K USD from the economy. Now you just have the 100K USD instead of me. That's like saying if you buy a TV, you remove 2000 USD from the economy... Nope you just did a trade where the ownership of two different things swapped (TV 🔄 USD).