That you don’t need to know how it works unless it stops working and when it stops working everybody needs to know how it works because your wealth your the future of your children everything now depends on that if we go to a future where digital cash is the only form of
Cash that exists and I think we’re heading in that direction very very fast I think within 20 years uh people who grow up 20 years from now will never see cash unless they visit a museum cashless Society cashless Society cashless Society cashless Society is cashless Society cashless Society if we go to
That future digital cach we’re at a Crossroads because we have to choose between two possibilities one is digital cash that’s run by corporations that act not only as intermediaries in all of our payments but also act as deputized members of law enforcement for every government Andor intelligence agency
Andor dictator who co-opts them to their means that type of Finance is takes the the worst of surveillance capitalism and the worst of surveillance States merges them together in this fascist dystopia where every transaction you ever made tells something about your habits your politics your associations your movement
Your physical location on the one hand all of this data gets collected and shared among all of the intelligence agencies and corporations or leaked and on the other hand if the people in power choose to they can decide to debank you overnight they turn off the switch now
Imagine what happens if your bank account is shut down and cash doesn’t exist well you can’t eat you can’t buy food done you can’t use Transportation you can’t rent an apartment you you they can literally destroy your life in a second and if you think this is crazy
This is happening today in China they have a system called Sesame it’s it’s a called a social credit score and they use your social media postings to give everyone a score as to how well they tow the line of political correctness to the doctrine of the lead of the Communist
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Forget to mention it saves you a lot of money booking online it’s that easy grab Atlas VPN using the link in the description and secure your data today people who have a negative credit score on that system are denied access to public transportation they’re denied access to Airlines they’re denied access
To trains they’re denied access to jobs in the government they’re denied access to apartments to rent they’re doing that today now today those people have cash to go back on what happens when there’s no cash if the only people who are allowed to be intermediaries are the large corporations they will commit the
Crime it’s like if you want to rob a bank nowadays the best way to do so is to have a banking license then you can rob the entire bank and or country um with complete immunity uh or impunity if you rob one person and steal 20 pounds
From them you’re going to jail if you rob 2 million people of their homes and mortgages right you’re not going to jail you’re getting a 10 million bonus from the bank a and you’re retiring in peace and quiet in the countryside there are two ways to express power in this world
Uh voice and exit when voice is no longer sufficient and sometimes even when it is exit is a more powerful expression an exit means get your money out of the system get yourself out of the system uh and reduce your exposure to the ridiculous system as much as you
Can Bitcoin is a means to switch from expressing power through voice to exit this is one of the things that can compete with banks and Banks really need competition right they’re way too comfortable with their power and established systems as I’ve said many many times the election choices facing
Americans were a choice between blue Goldman Sachs and red Goldman Sachs you can choose the color but Goldman Sachs is still going to be in charge and if you think your votes is going to make a difference you’re you’re fool but in a broader sense we live in a world that is
Very fragmented where uh money faces borders um very hard borders strict lines of demarcation between countries and currencies and you have these National currencies that are badly managed by governments and banks in countries where uh there is very little difference between a government a bank and an organized crime syndicate all three are
The same the governments are organized crime syndicates and so what happens when they have a crisis is they take the entire population hostage with them they shut down the borders you they create currency controls you can’t withdraw money from the ATMs you can’t exchange money for another currency you go with
The ship and sink down with it Bitcoin is one of those things that actually offers a safe haven in that particular situation but it also allows people who have never had a bank account to connect to a Global Financial system and Bitcoin bypasses all of that it gives everybody
A currency that is open and Global that creates some very interesting conditions in the world it allows us to to create a kind of unified Financial system that exists outside of the mandates of government that is completely private and is very empowering for individuals and it scares the hell out of
Governments and Banks it scares the hell out of governments to have people in control of their own money at which point you should really ask yourself what kind of government is that that doesn’t believe in Freedom of Association freedom of expression freedom of Commerce um that’s more of an
Indictment of that kind of government than it is of of Bitcoin if your government is afraid of Bitcoin you should ask yourself what kind of government do I have creating a currency that does not belong to a nation seems weird at first um but then again you
Know we used to have airlines that only existed for one nation and had the flag on the tail right flag carriers they called them and phone companies that that were monopolies in one nation and had the the flag on them and now that seems absurd and I think within 20 years
The idea of national currencies as the only option will seem absurd so Bitcoin is a currency that exists on the internet uh that is created on the internet that um really serves the needs of the internet generation it does not belong to any government it’s not controlled by any
Bank um Bitcoin isn’t a company or product or a service uh it’s an Internet Protocol it’s it’s a method of communication just like we say the web or email and that doesn’t belong to anyone it’s a shared common public good on the internet um Bitcoin is a digital
Currency and payment system that is a shared good um and it is controlled collectively by the participants in the network For I
