@@Dinogamer7193 in addition to what I said it's also trying to be atleast mildly entertaining. So when you said "he could have just gotten to the point" you are really saying that you have a short attention span and can't absorb the things being taught.
Until the day someone invents a better way to find shells, or someone from another country that has lots of shells show up with their shells and flood the market and your entire economy crashes. Which is what happened to a lot of these primitive economies
But the point isnt to use shells its that hard money backed by a real representation is better than mass produced money backed by nothing like the usd (ironic that its a bitcoin video making that argument completely unaware they are no better lol)
Exactly what's happening with modern economy too, the alure for more of the currency always ends upmaking people want more of it in an endless quest to satisfy our greed, it's not a question of "if" it happens, it's when, sadly the devalue of a currency ends up crashing due to the inavility to actually change the system failing to comply with the rule of supply and demand
Same thing happened to Europe’s gold and silver based economy during the colonial age. When Spain just dumped literal tons of ships worth of hold and silver into the continent. Crashing the economy. And skyrocketing the prices. And mamas musa. One of the richest rulers of the Islamic world. Live a few generations before the colonization age. When he went to meca he crashed the economy of every city he went to by JUST GIVING AWAY TONS KF GOLD DUST AWAY. (Look it up its kinda funny)
Well i mean technically your right. In an apocalypse what use will Bitcoin have? Atleast sea shells can be used as weapons (if theyre hard enough) or maybe even tools. Bitcoin is a digital currency that cant be eaten or used as a tool once the lights are out.
@@ladislavzima8382 Bitcoin's only value is what people are willing to pay for it, outside of very few instances (mostly illegal), bitcoin is useless as a "currency". Bitcoin is more inline with being called a stock rather than currency as you can't buy much with it and it's value is only derived from what people are willing to pay for it. The only reason it's gained and maintained a high price is because people treat it like it's part of the stock market (buying low and selling high).
The failure of Bitcoin isn't because the idea is bad IMO, it's more that Bitcoin just isn't really usable right now. I genuinely do like the idea of Bitcoin, the PROBLEM is that Bitcoin is to cumbersome to actually use a currency, therefore it fails to do the thing it was created to do. I truly think that if everyone just agreed to use Bitcoin or another crypto currency that requires less energy then that would probably be the best. The problem is that we probably won't ever see that world. I can understand Bitcoin, but until I can use Bitcoin to buy my groceries I don't care. The reason why it's unstable is because people aren't using it as a currency. It's being used by these scammers and get rich quick schemers. Therefore it's volatile because people are just trying to get a quick buck. If everyone agreed to use Bitcoin as the currency of choice around the world then the value would stabilize and theoretically it's value would only increase. That probably wont ever happen though because these cryptocurrencies fail to do their job as being convenient currencies, and in order to make them convenient you immediately begin to remove their decentralized properties. If there were apps, or programs that managed peoples money allowing for convenient usage then you automatically are giving some random company access to and control of your money, kinda defeating the purpose of it to begin with! If you keep the money on your own then it becomes awkward to use and transactions take too long to process and update. With the dollar and the banking system now I can go to a grocery store, tap my card and be off and away, with bitcoin I would probably have to wait and it would be awkward.....
I swear I saw the one about inflation and was like “hey this is a great cartoon explanation of what inflation is and how it works” then saw the rest of the clips and I have never felt more betrayed.
This makes the Seashells sound better than Bitcoin, not just because it’s a hard currency to make, but because it also has material and cultural value making it possible to trade it across cultures.
Well it’s not. Seachells were good at that place because of it’s rarity in that location only. Bitcoin is immensely hard to make by the way. Do some research on proof of work and how does it increase in difficulty every time more hash power is added into the network. Bitcoin is the ultimate hard asset that exists and probably the only one
@@i-am-a-pear Do some research! I am just showing you the truth! Bitcoin will eventually absorb all the wealth in the world. It’s still early to join! But if you don’t want to learn I cannot help you
The entire explanation didn't prove anything at all... Sure bitcoin is harder to make but that doesnt mean its better at all. Theres trade offs to each type of currency.
This is not the whole video but also Bitcoin is better than cash cause of how hard it is to make. The government could merely choose to start mass producing money very easily but Bitcoin it’s pretty much fixed no matter what you do. I could even make coins by merely getting a mould and using the same metals which are cheaper than the coins worth therefor generating money incredibly easy and making money on top of that.
@@Solitario9475it being difficult to make doesn't make it better in any way. Also with how volatile Bitcoin is, there is no reason for any business to accept it as a legitimate currency.
@@Solitario9475 Fixed in the total amount maybe, but not fixed on the actual price. The worth of a Bitcoin goes up and down like a damn rollercoaster designed by an alcoholic. And if the amount is fixed, what happens if there's not enough for everyone, how many bitcoins are there? Enough for everyone to smoothly convert their current money into it? How would any country even adopt using Bitcoin? This just sounds like an idea waiting to blow up.
@@joshualocicero6799Ah yes, ignore all the failure crypto currencies that also happens to be the mass majority and ignore NFT's. "How is it a scam bro? It's not like fiat currencies" My guy they both can be scams. crypto is propped up by nothing and has been manipulated artificially a number of times in the past to make it GPU based, then ram based, SSD based. Vram based and now AI based. Who is really in control of crypto? Companies and programmers
@@joshualocicero6799cryptocurrency, in its original conception, was a great idea with a lot of potential Unfortunately crypto nowadays is just a speculative investment because the only people who really use it as money are criminals who need to be anonymous and decentralised. Everyone else refuses to spend their crypto like money because they own it solely for the purpose of selling it off for a higher price at a later date. In that way it’s very similar to things like stocks or bonds except bitcoin doesn’t produce anything so it has no way of increasing in perceived value (because it has absolutely zero inherent value). The value of cryptocurrencies rely on how much hype can be drummed up about it. The only way someone makes money on crypto is if there’s someone else dumb enough to put more money into it Blockchain technology might well have some real world potential but cryptocurrencies are a speculative bubble that will eventually burst
Fun fact - wampum was used in record keeping for many of the First Nations, as they represent truth. Belts of wampum beads record the treaties between European colonists and the Anishinaabe. The belts used thousands of beads, and each one took a single person days to make. Those belts are still kept to this day, and in Canada, there are ongoing efforts to make them legally binding.
@@pixter19except the problem they don't cover with Bitcoin or any Crypto/NFT is that the value is not in the rarely of these things in this case it's in the confidence of the product. It's why crypto in a given month can fluctuate by as much as 1-30 000$. And USD or CAD (I'm Canadian) will move up or down 2-10¢. One is stable (relatively) the other can crash one week come back the next day crash 3 days later... And we'll Crypto is a rollercoaster last thing you want in a currency
This also helps represent something that happened to the Spanish nation. During the colonial period when they took all the gold from South America, they actually imported so much gold that the currency for Spain crashed
Nah we had alot of issues even on the gold/silver standards. One shipwreck would cause entire markets to collapse. It became so bad thru the 1700 and 1800s that most governments abandoned in attempts to fix the problems. Granted there's pros and cons, and you can actually have worse inflation.
I did a big post about some of the issues with using gold and/or other precious metals. The main problem is that it's hard to scale. The more products & services there are to buy, the more valuable a piece of gold is since there's only a finite amount of gold in existence. Like, how would you divide a single gold coin up to pay for rent, utilities, groceries, etc. when that one gold coin is your whole week's salary?
Oh god, how did this happen? Why the hell am I getting Libertarian kids cartoon clips in my recommended? WHO DID I WATCH!? I’ve been taking Family guy for granted all this time
That's what I thought when I first encountered "The Tuttle Twins." I thought it HAD to be a parody. But, nope, it's real. The series was created by a Mormon Libertarian who wanted to indoctrinate children. It actually began as a children's book series before being made into an animated series. The channel "Fundie Fridays" did a deep dive on the subject.
That's the best thing about democracy, people can create shows and series' no matter how conservative, libertarian, feminist, progressive, normal, or gay they are, like Owl house and Steven universe for example, and also kids' books about genitalia and transitioning
@@tommyjones7096if you don’t want your kids to watch you don’t have to let them And they are not lying they are trying to help kids be intelligent and critical
We can at least appreciate that this is a nice history lesson about american indian culture, regardless of whether or not you like the rest of the episode, and regardless of whether or not you think it proves anything about dollars or bitcoins.
The cool thing about bartering is that goods and services keep their value longer if not indefinitely. However goods need to be transported and are sometimes heavy
Because we literally had nothing to do with it? History lesson! Proper capitalism just popped up during mid industrial society. What you mean is imperialism. Capitalism trades with other countries to mutually benefit each other, Imperialism invades a country in order to make their own empire better.
Not really. The problem with most crypto right now, even the ones that are hard to make, is the fact that they aren't universally supported. That and they require the electric grid, lol. In a post-apocalyptic scenario that has no central power grid, it's worthless. In the current day and age, it's actually fairly useful... unless there is a blackout. Tbh, it's currently a novelty that has gotten many people rich, but has gotten far more people broke, and is incredibly unstable, with its said stability relying completely upon what people around the world, and the governments around the world, do with it. Every time someone makes a new law about crypto, the values go crazy. If people around the world started to use crypto more, bar what the government says, it could easily stabilize its value, but atm, it just isn't commonly used enough, and probably won't be for a while later, potentially decades later.
Well not quite. Another important thing to remember is that the currency should not be something that needs to be used up. Gold is indispensable as a conductor, so it can't be regulated by economic needs alone, it must also serve tech needs. Salt used to be used as a currency before people figured out how to get it from seawater effectively, but then... people ate it.
"Hard to make = valuable." My polished turd ball took 36 years to reach perfect spherality. Doesn't mean anyone wants to buy it. All value is rooted in utility, and dollars are worthless. This is actually a good thing! When making a purchase, you don't want to wonder if your money will be worth more or less next month and defer a purchase. You want to purchase it only by how much use it brings to you.
Wait so you think it's a GOOD thing that money loses value? If money constantly loses value then that means many people wont ever be able to retire.... If money can't store value, and you know that in one year your money will lose a bunch of value then how would anyone ever be able to save up for like a house, or a car, or retirement? People would basically have to use money as they get it, and constantly work..... The only way to escape the hell would be to try and make as much money as possible to afford more things before the money loses its value..... Would you mind explaining to me how that's a good thing? My intuition tells me that you want a money that STORES value. That way you can work really hard when you are young and able, then when you get older you will know that the money you built was STORED into old age allowing you to still have purchasing power. That's kinda the whole point right? Money is used to trade goods and services, but it's also used to store value. If I worked really hard during my 20s and 30s I think I should be able to store away the value of my hard work so that I can use it when I am older. If there was no store of value then I would have no incentive to try or care beyond bare minimum. If I knew that if I worked 80 hours this week, but all the money I made would be worthless in the future, then why even care anymore? I know that I will be working the rest of my life anyways, so why not just get a tent and work 20 hours a week and wait to die?
Not only that these shells were used as in rate of storytelling and Iroquois Society. This is a fairly accurate representation of Algonquin peoples. The way they dress is really accurate to history and I love that.
Haha you look at 30 seconds of a program and assume everything about it. If you've seen the show you'd know it's not promoting bitcoin. It's just explaining it and showing the pros and cons of it. Kinda like... an educational show.
@@karelsimek5871 not really, it's nearly impossible to fake or mass print digital currency due to the nature of it. Each "coin" has a unique signature, just don't be stupid and put your decentralized currency into a centralized location. If you don't follow shitcoin trends and stick to actually reputable ones you'll generally have lower inflation rates than government backed bs.
@@ironicugandan5826 Again, Crypto-Bro(At least real ones) don't care about any of that. We use bitcoin because it's anonymous. The feds can't track you if you play your cards right and you can freely trade with people without state intervention. It's also not taxed. It's not going to replace the fiat currency anytime soon but ppl still have the choice to use it to freely buy goods
We value EVERY currency in Dollars. The dollar is the international standard, well except in Russia but Putin is a nut job, it doesn’t mean it’s stable.
That's because it's a global standardized measurement that's weakening by the day. The euro is currently more valued than the US dollar, it fluctuates from almost 2 dollars per euro to maybe like 1.07 per euro. Generally speaking the euro is just flat out more valuable than the dollar.
The show explains that bitcoin's value can rise or fall, so it isn't fully premoting people to buy it. It's trying to explain why it was made, how it was made, and how it works. Not why you should invest in it (at least not completely)
The biggest issue is that money transitioned from a physical thing people had to an idea. Dollars are incredibly easy to make for the government and there’s nothing from stopping them from making a ridiculous amount. A huge portion of money is also exclusively represented digitally which is a much bigger and more untenable issue than being able to print physical money easily
If the power/internet shuts down, all of your currency is screwed if you can’t make a withdrawal from a bank. Last time I checked, banks rely on those in order to work, and they don’t carry anywhere near enough paper for even 10% of the population to suddenly decide to withdrawal. And it’s not a singular online database, it’s a decentralized series of thousands of nodes spread across the planet.
That explains why in Metro series games you buy wares and services using military grade Kalashnikov ammo... The vanilla ammo you use in the game is made of reloads and powder mixed from captured artillery shells and firecracker filler. Hansa, being the former military magazine area, and with a machine shop and arsenal, is the richest in the Metro, and also the most spacious.
Thing is that wampum were also easy to create. So if people traded them they also did so because of the value. And a seashell is the easiest to obtain.
In history it’s actually true that wampum was a gift and a tradition as well as being a way to tell stories but Europeans thought they were giving currency despite it being a tradition
that's kind of the reason bottlecaps were used in the fallout games, because the technology to make more is either lost, or a hard kept secret of trade caravan companies.[i.e: people who want to keep the value stable]
Love the message Tuttle Twins shares but now my kid wants to buy Bitcoin 😂. Trying to get him to buy gold and silver instead but that’s what old people like me do, not young kids 😂.
The only issue is that because the currency is not back by anything but people’s trust. The moment something like FTX happens the value takes a hit. Trust is too easy to break to base a currency on in my opinion. Same with fiat currency.
So, Bitcoin, since the dollar has little value from being excessively printed. (If inflation is rising, it's because more bills are being printed faster than it is having it's value increased)
Bro sold his mouth as a nft 😭
this got me laughin
bro doesnt want anyone to screenshot the nft
Nah this made me die lol
Fr lol
nah this comment witty af
Bro yapping so much that they censored his mouth 😭😭
💀
Y’all really out here calling education information as “yapping”😂
@@tacotime3094 Blud he could've got to the point
@@Dinogamer7193 in addition to what I said it's also trying to be atleast mildly entertaining.
So when you said "he could have just gotten to the point" you are really saying that you have a short attention span and can't absorb the things being taught.
@@MrDonKP 🤓🤓🤓🤓
Until the day someone invents a better way to find shells, or someone from another country that has lots of shells show up with their shells and flood the market and your entire economy crashes. Which is what happened to a lot of these primitive economies
Nothing keeps it’s exact value forever
exactly what’s going on with third world countries
But the point isnt to use shells its that hard money backed by a real representation is better than mass produced money backed by nothing like the usd (ironic that its a bitcoin video making that argument completely unaware they are no better lol)
Exactly what's happening with modern economy too, the alure for more of the currency always ends upmaking people want more of it in an endless quest to satisfy our greed, it's not a question of "if" it happens, it's when, sadly the devalue of a currency ends up crashing due to the inavility to actually change the system failing to comply with the rule of supply and demand
Same thing happened to Europe’s gold and silver based economy during the colonial age. When Spain just dumped literal tons of ships worth of hold and silver into the continent. Crashing the economy. And skyrocketing the prices.
And mamas musa. One of the richest rulers of the Islamic world. Live a few generations before the colonization age.
When he went to meca he crashed the economy of every city he went to by JUST GIVING AWAY TONS KF GOLD DUST AWAY.
(Look it up its kinda funny)
Blud's trying to get kids to buy Bitcoin 💀💀💀
To bad they ignore the scams and billions lost every other month
No, he's teaching about the economy behind countries and Bitcoin
@@MrElectorium They were paid and sponsored to say this, this is clearly propaganda and a psyop.
@@MrElectorium👍
Yum
Wouldn’t this mean Bitcoin is inferior to sea shells because Bitcoin are easier to make?
Yes, yes it does.
Well i mean technically your right. In an apocalypse what use will Bitcoin have? Atleast sea shells can be used as weapons (if theyre hard enough) or maybe even tools. Bitcoin is a digital currency that cant be eaten or used as a tool once the lights are out.
I’d say by this metric the bit coin is harder to make than even USD since the closest is North Korean super bills
Amount of kwh required to mine a bitcoin 155000 average price per kwh 16.19 total cost to mine a bitcoin 2,509,450 dollars.
Also bitcoin has a limited number and it can never go up so I would say it’s better and that’s also the reason there’s no inflation on bitcoins
Keep in mind everyone that they were paid to say this it's a sponsored episode.
Sponsored by what?
Buddy they’re an independent organization that’s receiving a sponsorship from a likeminded company.
@vargdog6602 in other words they're being used as a mouthpiece for crypto owners lol
@@vargdog6602 yeah, a bribe
@@susdothtml2109 yep
“if a currency is hard it keeps it’s value” bitcoin after dropping 30% in one day:🗿🗿🗿
Still less volatile than S&P 500.
@@ladislavzima8382 ?
@@ladislavzima8382 Bitcoin's only value is what people are willing to pay for it, outside of very few instances (mostly illegal), bitcoin is useless as a "currency". Bitcoin is more inline with being called a stock rather than currency as you can't buy much with it and it's value is only derived from what people are willing to pay for it. The only reason it's gained and maintained a high price is because people treat it like it's part of the stock market (buying low and selling high).
The failure of Bitcoin isn't because the idea is bad IMO, it's more that Bitcoin just isn't really usable right now.
I genuinely do like the idea of Bitcoin, the PROBLEM is that Bitcoin is to cumbersome to actually use a currency, therefore it fails to do the thing it was created to do.
I truly think that if everyone just agreed to use Bitcoin or another crypto currency that requires less energy then that would probably be the best. The problem is that we probably won't ever see that world.
I can understand Bitcoin, but until I can use Bitcoin to buy my groceries I don't care.
The reason why it's unstable is because people aren't using it as a currency. It's being used by these scammers and get rich quick schemers. Therefore it's volatile because people are just trying to get a quick buck.
If everyone agreed to use Bitcoin as the currency of choice around the world then the value would stabilize and theoretically it's value would only increase.
That probably wont ever happen though because these cryptocurrencies fail to do their job as being convenient currencies, and in order to make them convenient you immediately begin to remove their decentralized properties. If there were apps, or programs that managed peoples money allowing for convenient usage then you automatically are giving some random company access to and control of your money, kinda defeating the purpose of it to begin with! If you keep the money on your own then it becomes awkward to use and transactions take too long to process and update. With the dollar and the banking system now I can go to a grocery store, tap my card and be off and away, with bitcoin I would probably have to wait and it would be awkward.....
My school tried to teach us to use crypto even after it dropped 99% of its value
I swear I saw the one about inflation and was like “hey this is a great cartoon explanation of what inflation is and how it works” then saw the rest of the clips and I have never felt more betrayed.
I mean, tbf, their inflation clip was equally wrong
@@HUNDmiau at least from the perspective they're trying to push on kids, yeah. They literally made an anti-capitalist argument completely by accident
Funny how they cover his mouth since he speaks a bunch
Lip movements are hard to animate
@@pattonramming1988the 2 kids are talking
@@pattonramming1988 yeah but they animate the kids mouths so I don’t see why they wouldn’t just animate his. Has to be on purpose
this is an annoying ad and a lazy one at that lmao
maybe represents the guy who created bitcoin, who still remains faceless.
This makes the Seashells sound better than Bitcoin, not just because it’s a hard currency to make, but because it also has material and cultural value making it possible to trade it across cultures.
Well it’s not. Seachells were good at that place because of it’s rarity in that location only. Bitcoin is immensely hard to make by the way. Do some research on proof of work and how does it increase in difficulty every time more hash power is added into the network. Bitcoin is the ultimate hard asset that exists and probably the only one
@@officialCannisMajoris bro tf you talking about its litterally not real 💀
@@i-am-a-pear Do some research! I am just showing you the truth! Bitcoin will eventually absorb all the wealth in the world. It’s still early to join! But if you don’t want to learn I cannot help you
@@officialCannisMajoris aw thank you for the offer i dont want to learn 😃
@@i-am-a-pear You yourself said it! Be well
The entire explanation didn't prove anything at all... Sure bitcoin is harder to make but that doesnt mean its better at all. Theres trade offs to each type of currency.
It's not the whole video
This is not the whole video but also Bitcoin is better than cash cause of how hard it is to make. The government could merely choose to start mass producing money very easily but Bitcoin it’s pretty much fixed no matter what you do. I could even make coins by merely getting a mould and using the same metals which are cheaper than the coins worth therefor generating money incredibly easy and making money on top of that.
@@Solitario9475it being difficult to make doesn't make it better in any way. Also with how volatile Bitcoin is, there is no reason for any business to accept it as a legitimate currency.
@@Solitario9475 Fixed in the total amount maybe, but not fixed on the actual price. The worth of a Bitcoin goes up and down like a damn rollercoaster designed by an alcoholic. And if the amount is fixed, what happens if there's not enough for everyone, how many bitcoins are there? Enough for everyone to smoothly convert their current money into it? How would any country even adopt using Bitcoin? This just sounds like an idea waiting to blow up.
Is it really?
Crypto bros desperately trying to legitimize their scam systems.
Its a scam how? The only scam is fiat currencies or maybe youre talking about other scams where crypto is loosely related?
@@joshualocicero6799Ah yes, ignore all the failure crypto currencies that also happens to be the mass majority and ignore NFT's.
"How is it a scam bro? It's not like fiat currencies" My guy they both can be scams. crypto is propped up by nothing and has been manipulated artificially a number of times in the past to make it GPU based, then ram based, SSD based. Vram based and now AI based. Who is really in control of crypto? Companies and programmers
@@joshualocicero6799cryptocurrency, in its original conception, was a great idea with a lot of potential
Unfortunately crypto nowadays is just a speculative investment because the only people who really use it as money are criminals who need to be anonymous and decentralised.
Everyone else refuses to spend their crypto like money because they own it solely for the purpose of selling it off for a higher price at a later date. In that way it’s very similar to things like stocks or bonds except bitcoin doesn’t produce anything so it has no way of increasing in perceived value (because it has absolutely zero inherent value). The value of cryptocurrencies rely on how much hype can be drummed up about it. The only way someone makes money on crypto is if there’s someone else dumb enough to put more money into it
Blockchain technology might well have some real world potential but cryptocurrencies are a speculative bubble that will eventually burst
The only scam here is your currency, If your country starts to be in bad shape, it will impress trillions
It's not a scam just worthless to most people.
Fun fact - wampum was used in record keeping for many of the First Nations, as they represent truth. Belts of wampum beads record the treaties between European colonists and the Anishinaabe. The belts used thousands of beads, and each one took a single person days to make. Those belts are still kept to this day, and in Canada, there are ongoing efforts to make them legally binding.
I commented something similar :) good to see you know the true history
Iirc wampum also wasn't used as a currency UNTIL the Europeans arrived
To be fair gummy bears were probably ridiculously hard to make in 1654
E
E
E
dude this comment is just... smart
bro just explained labour theory of value 💀
It's funny how they get so close, yet never quite grasp the point
Marx explains value and use value better in the first like 3 pages of Capital Volume 1
Which is debunked btw.
@@therealpsyduck3362 maybe because we drew different conclusions, well, yall never managed to make it work, but whatever.
@@therealpsyduck3362yeah lmfao
Conveniently leaving out the other reasons why money has value.
Animators didn’t know how to animate a British person’s accent apparently
This is good lesson for children, ignore the bitcoin.
GUYS THIS IS A BITCOIN AD TRYING TO MAKE BITCOIN BETTER THIS IS ALL BS
it's still your choice to buy the bitcoin bro💀💀
it doesn't make what they're saying wrong or incorrect, regardless of the alleged reason for saying it
@@pixter19you mean shitcoin
Never trust the seller of a product.
@@pixter19except the problem they don't cover with Bitcoin or any Crypto/NFT is that the value is not in the rarely of these things in this case it's in the confidence of the product.
It's why crypto in a given month can fluctuate by as much as 1-30 000$. And USD or CAD (I'm Canadian) will move up or down 2-10¢.
One is stable (relatively) the other can crash one week come back the next day crash 3 days later... And we'll Crypto is a rollercoaster last thing you want in a currency
This also helps represent something that happened to the Spanish nation. During the colonial period when they took all the gold from South America, they actually imported so much gold that the currency for Spain crashed
Gold is best. Case closed
So why does nobody use it anymore?
Nah we had alot of issues even on the gold/silver standards. One shipwreck would cause entire markets to collapse. It became so bad thru the 1700 and 1800s that most governments abandoned in attempts to fix the problems. Granted there's pros and cons, and you can actually have worse inflation.
@lulu111_the_cool if it was used governments would have to spend responsibility. So they do everything they can to suppress it.
@@lulu111_the_coolgovernments suspended the gold standard to pay for increased spending.
I did a big post about some of the issues with using gold and/or other precious metals.
The main problem is that it's hard to scale. The more products & services there are to buy, the more valuable a piece of gold is since there's only a finite amount of gold in existence.
Like, how would you divide a single gold coin up to pay for rent, utilities, groceries, etc. when that one gold coin is your whole week's salary?
Oh god, how did this happen? Why the hell am I getting Libertarian kids cartoon clips in my recommended? WHO DID I WATCH!?
I’ve been taking Family guy for granted all this time
You have been blessed with truth and you regret it?
I know, right?
I'm in largely the same boat.
we're sorry for your loss 🤣
@@officialCannisMajoris this isn't even historically accurate tbh, wouldn't call it the truth
@@PrincessNinja007 It is accurate. Even rice have been used as currency before. It’s the simple truth nothing controversial about it
The only problem is that Bitcoin is not Money, it is a bookkeeping method.
No way this is real💀💀
This is just a Bitcoin ad don't fall for the bs
That's what I thought when I first encountered "The Tuttle Twins." I thought it HAD to be a parody.
But, nope, it's real. The series was created by a Mormon Libertarian who wanted to indoctrinate children.
It actually began as a children's book series before being made into an animated series.
The channel "Fundie Fridays" did a deep dive on the subject.
That's the best thing about democracy, people can create shows and series' no matter how conservative, libertarian, feminist, progressive, normal, or gay they are, like Owl house and Steven universe for example, and also kids' books about genitalia and transitioning
@@eisenherz9515 I guess you're right. Kids need to learn they don't have a right to food and water early in life.
@@tommyjones7096if you don’t want your kids to watch you don’t have to let them
And they are not lying they are trying to help kids be intelligent and critical
Am i the only one that hear charlie "woo" when he pressed the button?
We can at least appreciate that this is a nice history lesson about american indian culture, regardless of whether or not you like the rest of the episode, and regardless of whether or not you think it proves anything about dollars or bitcoins.
except it's not even true, the wampum was not used as a currency by the first nations, only to trade with the europeans...
Crypto currency defeats the entire purpose of having a centralized dollar
Good. I don't want the government managing whatever I buy or sell
Gold.
Nothing beats good ol' fashioned *GOLD*
Lots of things do. Water beats gold by most measurements.
A another clip of these show showed how the Romans made more gold and thus it became smaller and more which lessened it value
The cool thing about bartering is that goods and services keep their value longer if not indefinitely. However goods need to be transported and are sometimes heavy
Bitcoin is just worse for anybody curious.
Capitalists never want to talk about Colonialism, Exploitation and Genocide, I wonder why that is. ?
Because we literally had nothing to do with it? History lesson! Proper capitalism just popped up during mid industrial society. What you mean is imperialism. Capitalism trades with other countries to mutually benefit each other, Imperialism invades a country in order to make their own empire better.
That’s just untrue and capitalism is the best economic system
“Dollars or bitcoin”
Me: pounds
Average tea taxer
I thought he was launching a nuclear strike 💀💀💀😭😭😭
I hope crypto succeeds, but for now this video has aged like milk and it’s funny.
Not really. The problem with most crypto right now, even the ones that are hard to make, is the fact that they aren't universally supported. That and they require the electric grid, lol. In a post-apocalyptic scenario that has no central power grid, it's worthless. In the current day and age, it's actually fairly useful... unless there is a blackout. Tbh, it's currently a novelty that has gotten many people rich, but has gotten far more people broke, and is incredibly unstable, with its said stability relying completely upon what people around the world, and the governments around the world, do with it. Every time someone makes a new law about crypto, the values go crazy. If people around the world started to use crypto more, bar what the government says, it could easily stabilize its value, but atm, it just isn't commonly used enough, and probably won't be for a while later, potentially decades later.
@@PilotTedYAPPER ALERT 🚨 YAPPER ALERT 🚨
Dollar is better.....if it was still tied to gold and didnt go crazy out of hand like it has now@@boomaroom6254
@@PilotTedthis comment is longer than the existence of san Marino
@@boomaroom6254 TikTok brainlett spotted. Can't pay attention to anything longer than a minute lmao.
The guy is basically the opposite of Batman covering only his mouth
So a W for gold backed currentcy?
Well not quite. Another important thing to remember is that the currency should not be something that needs to be used up. Gold is indispensable as a conductor, so it can't be regulated by economic needs alone, it must also serve tech needs. Salt used to be used as a currency before people figured out how to get it from seawater effectively, but then... people ate it.
"Good money is hard"
My brain:😐😈
Gold, gold is the currency we trade in, we use paper to represent it.
That ended in 1973
Now money is just green paper
that ended over half a century ago man.
US ended the gold standard a long time ago. Dollars are pure fiat now
If you're talking about the US. Not anymore lmao
Money is not the value of exchange but rather the means of exchange.
This is truly a "she sells sea shells on the sea shore" moment
"Hard to make = valuable." My polished turd ball took 36 years to reach perfect spherality. Doesn't mean anyone wants to buy it. All value is rooted in utility, and dollars are worthless. This is actually a good thing! When making a purchase, you don't want to wonder if your money will be worth more or less next month and defer a purchase. You want to purchase it only by how much use it brings to you.
It's both though. Something's value is determined by both its utility and its scarcity. Supply and demand.
@@Chaunwilkerson My turd ball is unique. I spent 36 years to make it perfectly spherical. How much is it worth to you?
@@David13ushey Collectors: I'm I a joke to you?
@@Chaunwilkerson Name how much you want to spend to collect my turd ball.
Wait so you think it's a GOOD thing that money loses value?
If money constantly loses value then that means many people wont ever be able to retire.... If money can't store value, and you know that in one year your money will lose a bunch of value then how would anyone ever be able to save up for like a house, or a car, or retirement? People would basically have to use money as they get it, and constantly work..... The only way to escape the hell would be to try and make as much money as possible to afford more things before the money loses its value.....
Would you mind explaining to me how that's a good thing?
My intuition tells me that you want a money that STORES value. That way you can work really hard when you are young and able, then when you get older you will know that the money you built was STORED into old age allowing you to still have purchasing power.
That's kinda the whole point right? Money is used to trade goods and services, but it's also used to store value.
If I worked really hard during my 20s and 30s I think I should be able to store away the value of my hard work so that I can use it when I am older.
If there was no store of value then I would have no incentive to try or care beyond bare minimum. If I knew that if I worked 80 hours this week, but all the money I made would be worthless in the future, then why even care anymore? I know that I will be working the rest of my life anyways, so why not just get a tent and work 20 hours a week and wait to die?
They even censoring him like bitcoin scammer lol
Not only that these shells were used as in rate of storytelling and Iroquois Society. This is a fairly accurate representation of Algonquin peoples. The way they dress is really accurate to history and I love that.
I can't believe we have children's media trying to promote Bitcoin now
We truly live in a sad world
This is what the 90s movies kept warning us about
wdym 90's movies?
@@_TheNoobPlayer The attitude era was also the anti-corporate era
What is harmful about teaching about bitcoin?
Haha you look at 30 seconds of a program and assume everything about it. If you've seen the show you'd know it's not promoting bitcoin. It's just explaining it and showing the pros and cons of it. Kinda like... an educational show.
@@RustyCogI mean it's good they learning but you can't just go say Bitcoin is the best thing that was created
That's why any currency that's not paper is better
Uhhhh but you could argue that by this argument all online currencies are even worse
@@karelsimek5871 not really, it's nearly impossible to fake or mass print digital currency due to the nature of it. Each "coin" has a unique signature, just don't be stupid and put your decentralized currency into a centralized location. If you don't follow shitcoin trends and stick to actually reputable ones you'll generally have lower inflation rates than government backed bs.
We should go back to trading goods
@@karelsimek5871 it really is due to the exploitation of code where you can put more than you actually have IRL
"She sells sea shells on the sea shore but the value of these shells will fall..."
“Money that’s hard to make keeps its value”.
Nobody tell him about how unstable Crypto is.
Who cares? It's anonymous and that's all that matters, Idgaf if it fluctuates normally like a normal stock
@@carlsonraywithers3368 if the stock market fluctuated as much as crypto nobody would use it.
@@carlsonraywithers3368 it doesn’t “Fluctuate”. It peaks and crashes. If the stock market did that THAT much? We’d have a depression every few years.
@@ironicugandan5826 Again, Crypto-Bro(At least real ones) don't care about any of that. We use bitcoin because it's anonymous. The feds can't track you if you play your cards right and you can freely trade with people without state intervention. It's also not taxed. It's not going to replace the fiat currency anytime soon but ppl still have the choice to use it to freely buy goods
Time to start collecting rare earth metals.
And what do we value Bitcoin with? Dollars.
That's the answer as to which is better.
We value EVERY currency in Dollars. The dollar is the international standard, well except in Russia but Putin is a nut job, it doesn’t mean it’s stable.
That's because it's a global standardized measurement that's weakening by the day. The euro is currently more valued than the US dollar, it fluctuates from almost 2 dollars per euro to maybe like 1.07 per euro. Generally speaking the euro is just flat out more valuable than the dollar.
To clarify, wampum wasnt originally used as money, just when Europeans arrived.
So money for the win since Bitcoin goes backward?
????
Where do you get this noncence? Loom at the 10 year chart, it only goes up
"The womp womp was an excellent form of money" 💀💀💀
Not TurtleTwins using the Labor Theory of Value💀
The show explains that bitcoin's value can rise or fall, so it isn't fully premoting people to buy it. It's trying to explain why it was made, how it was made, and how it works. Not why you should invest in it (at least not completely)
His mouth was so tired that it disappeared💀
"If good money is hard, "
*reaches into pants*
"Dude idk how to animate a mouth!"
"Idk bro, improvise something"
"Say less"
At first i thought this channel was educating kids about money but its just a crypto promotion 😢😂😮
Am I the only one that thinks the boy sounds like Skipper from Gravity Falls
The biggest issue is that money transitioned from a physical thing people had to an idea. Dollars are incredibly easy to make for the government and there’s nothing from stopping them from making a ridiculous amount. A huge portion of money is also exclusively represented digitally which is a much bigger and more untenable issue than being able to print physical money easily
Amazing channel! Keep it up!
Until this funny thing called inflation happens and then you’re screwed especially if you still get paid the same
That's why money was backed by gold for so long. Gold never rusts, tarnishes and its hard to find. It was the basis of economy for centuries
After watching Ben 10, I feel like he sounds like professor paradox
Sea shells didn't loose a large percentage to mining fees each time it changed hands. That is why Bsv is bitcoin and not Btc.
Bitcoin/NFT bros when the power shuts down (all the sudden they don’t like having all their money in an online database)
If the power/internet shuts down, all of your currency is screwed if you can’t make a withdrawal from a bank. Last time I checked, banks rely on those in order to work, and they don’t carry anywhere near enough paper for even 10% of the population to suddenly decide to withdrawal.
And it’s not a singular online database, it’s a decentralized series of thousands of nodes spread across the planet.
that is all money now tho. the USD becomes worthless if all the power shut down.
The Romans using gold and other materials as currency: Does it look like I don’t exist?
That explains why in Metro series games you buy wares and services using military grade Kalashnikov ammo...
The vanilla ammo you use in the game is made of reloads and powder mixed from captured artillery shells and firecracker filler. Hansa, being the former military magazine area, and with a machine shop and arsenal, is the richest in the Metro, and also the most spacious.
Bro was so stressed about Bitcoin
Thing is that wampum were also easy to create. So if people traded them they also did so because of the value. And a seashell is the easiest to obtain.
Its crazy because the dude who made bitcoin was a chase bank executive and his face is on the Internet
To clarify they would use native currency because if they found other groups it was more likely they would accept that aswell
That’s not a kid that’s a full grown man
In history it’s actually true that wampum was a gift and a tradition as well as being a way to tell stories but Europeans thought they were giving currency despite it being a tradition
All currency whether it's mineral, fiat, or digital are worth the same. We just value then differently. The product is what is important.
Now let’s say that there’s a guy who goes out and scoops up all the sheets and beads for himself.
From this little lesson I still didn’t learn anything 😂
"Money that's hard to make keeps its value", he says as Bitcoin buys $60k one year, $15k the next, and $30k again the following.
Without the bitcoin part this is actually a really good lesson for teaching value
Purple wampum was harder to find than white wampum too, and some europeans figured out how to dye the white ones purple real quick.
Its best question is gold, silver or paper money😂
Well instead of using paper they were using sea shells .. hhhhmmm that reminds me John Spartan's dilemma
that's kind of the reason bottlecaps were used in the fallout games, because the technology to make more is either lost, or a hard kept secret of trade caravan companies.[i.e: people who want to keep the value stable]
Love the message Tuttle Twins shares but now my kid wants to buy Bitcoin 😂. Trying to get him to buy gold and silver instead but that’s what old people like me do, not young kids 😂.
The only issue is that because the currency is not back by anything but people’s trust. The moment something like FTX happens the value takes a hit. Trust is too easy to break to base a currency on in my opinion. Same with fiat currency.
People get rich by trading their offset of value..(sell high, buy low, but in their terms of high and low which is why prices fluctuate)
Him covering the face the entire time reminds my of that Leafy video Idubbbz made💀
Crypto bros when crypto isnt growing:
"which is better, dollars or bitcoin?" *proceeds to talk about neither*
"Money thats hard to make keeps its value"
-looks at the rollercoaster BTC prices-
Animators didn’t feel like animating another mouth 😂
So, Bitcoin, since the dollar has little value from being excessively printed. (If inflation is rising, it's because more bills are being printed faster than it is having it's value increased)
Money that's hard to make also results in unstable currency.
This is why the gold backing was good
I thought they were going to show Rasputin. ☠️
Best is just being the most Powerfull Guy around, with an Army or something because then you can just take whatever you want
The inflation and rent are actually usefull tools to stimulate the economie
Okay based on this short thread dollar loses value because it can be printed while bitcoin has a limited supply making it scarce.
why does this remind me of that one teen titans go episode where they use bees as currency
algonquin? Arn't they called Maori's?