10 Things You Need To Know About Bitcoin #5: Bitcoin, Not Crypto. Not Blockchain. Bitcoin | 018
Bitcoin is better money for a better world. Crypto is just more money printing and scams.
One Way Ratchet · Trent Nutting, Dan Felger
November 11, 202343m 22s
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Show Notes
Dan and Trent break down one of the biggest misconceptions about Bitcoin.
Episode 5: Bitcoin. Not Crypto. Not Blockchain. Bitcoin.
- One of the biggest obstacles for Bitcoin understanding is confusing Bitcoin with all the other cryptos
- Bitcoin is simply non-government money for the digital world. Bitcoin is better money for a better world.
- Crypto is just more and more of the fiat system: printing money out of thin air
- Vast majority of other cryptos are worthless. They have no value. Most are outright scams
- Even worse are the ones that seem legitimate but are VC-backed pump and dumps
- If you hear about the hot new crypto it is too late, you are exit liquidity for insiders trying to sell at the top
- Bitcoin’s essential value proposition of hard digital money for billions of people in the world is more than enough
- Africa and Bitcoin adoption
- Bitcoin for the billions, not for the billionaires
- Tough to understand all of this in beginning. Alt coins may outperform for a short time, but in the long run everything goes to zero against Bitcoin
- Today’s song: Row Jimmy by the Grateful Dead
Topics
bitcoincrypto