This video doesn't explain the most IMPORTANT point about Bitcoin.
Your choice, go with the currency that fluctuates, or the currencies that are destined to go to ZERO.
ALL of our conventional currencies are created out of thin air by the banks in the form of a loan or DEBT to us. If we tried to pay off all of our loans there would be no money.
This is because there is NO DEBT FREE MONEY.
If you have 0$ and I lend you a 10$ you now have 10$, if you then pay off the 10$ loan you are back to having 0$. But we are forgetting about the interest, how are you going to pay that? (There is no debt free money)
Well I guess you will have to borrow some more money.
The result is the money supply has to grow expediently and as it grows it devalues.
Have you ever wondered why your Dollar or Pound is worth less each year. (How much was a beer the first time you went in the bar?)
Bitcoin is NOT created by the banks and does NOT have to be paid back to anyone. Bitcoin is DEBT FREE MONEY.
The down side of Bitcion is it's new and subject to market pressures which is why is value fluctuates.
The down side of the conventional currencies is THEY WILL CONTINUE TO DEVALUE, until they become VALUE LESS.
So your choice, go with the currency that fluctuates or the currencies that are destined to go to ZERO.
