Everyone over thinks this. Money is and always has been simply a ledger of who owns how many units of something. For most of time, the units were physical objects and the ledgers were purely visual ones, that did not need to be written down. People could see the number of these physical objects that other people had with their own eyes. Then we began to use written ledgers, initially of physical objects; ultimately of gold. But these written ledgers became fiat monies which are just ledgers of ledger units. That a small percentage of these fiat ledger units are made into something physical (cash) is irrelevant. Bitcoin is just another ledger of ledger units. But its immense and limitless value is due to the design, properties and characteristics of its ledger, which are what need to be thoroughly studied and understood. Then it becomes glaringly obvious that this is and will remain, the first and only ledger of value that humans have ever had that cannot be corrupted, diluted and inflated. It is THE one and only forever and immutable, worldwide ledger of value. And more and more people are realising that they had therefore better register their wealth on this ledger, before everyone else does. It's as simple as that.
Price of Tomorrow is the first book I usually recommend / loan out... Great guest! I remember when Neil and Joe Carlasare had the podcast together - Inside Bitcoin. 🧡
I loved this conversation with Neil! Let me know your thoughts on it below? 👇🙌
Everyone over thinks this. Money is and always has been simply a ledger of who owns how many units of something. For most of time, the units were physical objects and the ledgers were purely visual ones, that did not need to be written down. People could see the number of these physical objects that other people had with their own eyes. Then we began to use written ledgers, initially of physical objects; ultimately of gold. But these written ledgers became fiat monies which are just ledgers of ledger units. That a small percentage of these fiat ledger units are made into something physical (cash) is irrelevant. Bitcoin is just another ledger of ledger units. But its immense and limitless value is due to the design, properties and characteristics of its ledger, which are what need to be thoroughly studied and understood. Then it becomes glaringly obvious that this is and will remain, the first and only ledger of value that humans have ever had that cannot be corrupted, diluted and inflated. It is THE one and only forever and immutable, worldwide ledger of value. And more and more people are realising that they had therefore better register their wealth on this ledger, before everyone else does. It's as simple as that.
Could not agree more 🤝
The Bitcoin Act of 2024, S.4912: the U.S. government must acquire one million Bitcoins within 5 years and hold it for 20.
bad morning do Hbar, Gala and TRB tokens. It is for sale…
Price of Tomorrow is the first book I usually recommend / loan out... Great guest! I remember when Neil and Joe Carlasare had the podcast together - Inside Bitcoin. 🧡
🙏🙏
People are starting to realize that all jobs are in jeopardy do to high tech…and buying btc for retirement/security😊
Thanks
🤝🙏
Great show as always
Glad you enjoyed it
Is this an old episode?
No just recorded a while back - but it is very good ;)
Great Show Bram!
Happy you found it valuable!